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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 27, 2018
Oct. 28, 2017
Oct. 27, 2018
Oct. 28, 2017
CONSOLIDATED STATEMENT OF INCOME        
Sales $ 439,333 $ 393,205 $ 824,028 $ 750,284
Cost of sales 264,928 238,253 501,101 456,229
Gross profit 174,405 154,952 322,927 294,055
Selling, general and administrative expense 145,905 120,683 271,267 243,488
Operating income 28,500 34,269 51,660 50,567
Interest expense (501) (160) (605) (317)
Interest income 392 376 994 719
Other income (expense), net (1,997) (926) (1,105) 823
Income before income taxes 26,394 33,559 50,944 51,792
Income tax expense 6,045 10,353 11,644 16,842
Net income 20,349 23,206 39,300 34,950
Net income attributable to noncontrolling interests (337) (310) (985) (403)
Net income attributable to La-Z-Boy Incorporated $ 20,012 $ 22,896 $ 38,315 $ 34,547
Basic weighted average common shares (in shares) 46,888 47,964 46,802 48,160
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.43 $ 0.47 $ 0.82 $ 0.71
Diluted weighted average common shares (in shares) 47,259 48,297 47,219 48,537
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.42 $ 0.47 $ 0.81 $ 0.71
Dividends declared per share (in dollars per share) $ 0.12 $ 0.11 $ 0.24 $ 0.22