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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jan. 26, 2019
Jan. 27, 2018
Jan. 26, 2019
Jan. 27, 2018
CONSOLIDATED STATEMENT OF INCOME        
Sales $ 467,582 $ 413,638 $ 1,291,610 $ 1,163,922
Cost of sales 277,712 251,140 778,813 707,369
Gross profit 189,870 162,498 512,797 456,553
Selling, general and administrative expense 149,027 129,403 420,294 372,891
Operating income 40,843 33,095 92,503 83,662
Interest expense (538) (113) (1,143) (430)
Interest income 540 444 1,534 1,163
Other income (expense), net (941) (1,094) (2,046) (271)
Income before income taxes 39,904 32,332 90,848 84,124
Income tax expense 10,730 20,047 22,374 36,889
Net income 29,174 12,285 68,474 47,235
Net income attributable to noncontrolling interests (443) (176) (1,428) (579)
Net income attributable to La-Z-Boy Incorporated $ 28,731 $ 12,109 $ 67,046 $ 46,656
Basic weighted average common shares (in shares) 46,820 47,234 46,808 47,852
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.61 $ 0.26 $ 1.43 $ 0.97
Diluted weighted average common shares (in shares) 47,091 47,757 47,212 48,325
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.61 $ 0.25 $ 1.42 $ 0.96
Dividends declared per share (in dollars per share) $ 0.13 $ 0.12 $ 0.37 $ 0.34