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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jan. 27, 2018
Jan. 28, 2017
Jan. 27, 2018
Jan. 28, 2017
CONSOLIDATED STATEMENT OF INCOME        
Sales $ 413,638 $ 389,992 $ 1,163,922 $ 1,107,354
Cost of sales 251,140 233,185 707,369 666,942
Gross profit 162,498 156,807 456,553 440,412
Selling, general and administrative expense 129,403 123,235 372,891 350,524
Operating income 33,095 33,572 83,662 89,888
Interest expense 113 562 430 794
Interest income 444 241 1,163 679
Income from Continued Dumping and Subsidy Offset Act, net   273   273
Gain on conversion of investment     2,204  
Other income (expense), net (1,094) (52) (2,475) (1,783)
Income before income taxes 32,332 33,472 84,124 88,263
Income tax expense 20,047 9,830 36,889 29,508
Net income 12,285 23,642 47,235 58,755
Net income attributable to noncontrolling interests (176) (356) (579) (830)
Net income attributable to La-Z-Boy Incorporated $ 12,109 $ 23,286 $ 46,656 $ 57,925
Basic weighted average common shares (in shares) 47,234 48,914 47,852 49,057
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.26 $ 0.47 $ 0.97 $ 1.17
Diluted weighted average common shares (in shares) 47,757 49,384 48,325 49,532
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.25 $ 0.47 $ 0.96 $ 1.16
Dividends declared per share (in dollars per share) $ 0.12 $ 0.11 $ 0.34 $ 0.31