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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jan. 28, 2017
Jan. 23, 2016
Jan. 28, 2017
Jan. 23, 2016
CONSOLIDATED STATEMENT OF INCOME        
Sales $ 389,992 $ 384,014 $ 1,107,354 $ 1,108,328
Cost of sales 233,875 236,024 669,012 690,300
Gross profit 156,117 147,990 438,342 418,028
Selling, general and administrative expense 123,235 113,206 350,524 329,884
Operating income 32,882 34,784 87,818 88,144
Interest expense 562 120 794 365
Interest income 241 204 679 573
Income from Continued Dumping and Subsidy Offset Act, net 273 102 273 102
Other income (expense), net 638 (93) 287 2,387
Income before income taxes 33,472 34,877 88,263 90,841
Income tax expense 9,830 12,643 29,508 32,825
Net income 23,642 22,234 58,755 58,016
Net income attributable to noncontrolling interests (356) (328) (830) (1,482)
Net income attributable to La-Z-Boy Incorporated $ 23,286 $ 21,906 $ 57,925 $ 56,534
Basic weighted average common shares (in shares) 48,914 50,038 49,057 50,371
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.47 $ 0.44 $ 1.17 $ 1.12
Diluted weighted average common shares (in shares) 49,384 50,539 49,532 50,880
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.47 $ 0.43 $ 1.16 $ 1.11
Dividends declared per share (in dollars per share) $ 0.11 $ 0.10 $ 0.31 $ 0.26