XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jan. 25, 2014
Jan. 26, 2013
Jan. 25, 2014
Jan. 26, 2013
CONSOLIDATED STATEMENT OF INCOME (Unaudited) [Abstract]        
Sales $ 350,375 $ 340,211 $ 1,017,692 $ 945,848
Cost of sales 228,186 227,956 670,011 646,038
Gross profit 122,189 112,255 347,681 299,810
Selling, general and administrative expense 96,740 89,443 281,767 259,111
Operating income 25,449 22,812 65,914 40,699
Interest expense 142 148 411 512
Interest income 183 198 539 435
Other income (expense), net 849 2,401 1,107 2,515
Income from continuing operations before income taxes 26,339 25,263 67,149 43,137
Income tax expense 8,751 8,391 22,462 14,912
Income from continuing operations 17,588 16,872 44,687 28,225
Income (loss) from discontinued operations, net of tax (717) 291 (864) 465
Net income 16,871 17,163 43,823 28,690
Net income attributable to noncontrolling interests (388) (99) (1,006) (609)
Net income attributable to La-Z-Boy Incorporated 16,483 17,064 42,817 28,081
Basic net income attributable to La-Z-Boy Incorporated $ 17,200 $ 16,773 $ 43,681 $ 27,616
Basic average shares (in shares) 52,516 52,431 52,465 52,327
Basic net income attributable to La-Z-Boy Incorporated per share: [Abstract]        
Income from continuing operations attributable to La-Z-Boy Incorporated (in dollars per share) $ 0.33 $ 0.31 $ 0.83 $ 0.52
Income (loss) from discontinued operations (in dollars per share) $ (0.02) $ 0.01 $ (0.02) $ 0.01
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.31 $ 0.32 $ 0.81 $ 0.53
Diluted average shares (in shares) 53,226 53,401 53,379 53,201
Diluted net income attributable to La-Z-Boy Incorporated per share: [Abstract]        
Income from continuing operations attributable to La-ZBoy Incorporated (in dollars per share) $ 0.32 $ 0.31 $ 0.81 $ 0.51
Income (loss) from discontinued operations (in dollars per share) $ (0.01) $ 0.01 $ (0.01) $ 0.01
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.31 $ 0.32 $ 0.80 $ 0.52
Dividends declared per share (in dollars per share) $ 0.06 $ 0.04 $ 0.14 $ 0.04