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Earnings per Share | 12 Months Ended
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Apr. 26, 2014
Earnings per Share [Abstract] |
Earnings per Share | Note 20: Earnings per Share Certain share-based payment awards that entitle their holders to receive non-forfeitable dividends prior to vesting are considered participating securities. We grant restricted stock awards that contain non-forfeitable rights to dividends on unvested shares; as participating securities, the unvested shares are required to be included in the calculation of our basic earnings per common share, using the two-class method. A reconciliation of the numerators and denominators used in the computations of basic and diluted earnings per share were as follows:
|  | Year Ended |
(Amounts in thousands) |  | 4/26/2014 |  |  | 4/27/2013 |  |  | 4/28/2012 |
Numerator (basic and diluted): |  |  |  |  |  |  |  |  |
Net income attributable to La-Z-Boy Incorporated |  | $ | 55,056 |  |  | $ | 46,389 |  |  | $ | 87,966 |
Income allocated to participating securities |  |  | (422 | ) |  |  | (639 | ) |  |  | (1,650 | )
Net income available to common shareholders |  | $ | 54,634 |  |  | $ | 45,750 |  |  | $ | 86,316 |
|  | Year Ended |
(Amounts in thousands) |  | 4/26/2014 |  |  | 4/27/2013 |  |  | 4/28/2012 |
Denominator: |  |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding |  |  | 52,386 |  |  |  | 52,351 |  |  |  | 51,944 |
Add: |  |  |  |  |  |  |  |  |  |  |  |
Contingent common shares |  |  | 1,049 |  |  |  | 812 |  |  |  | — |
Stock option dilution |  |  | 394 |  |  |  | 522 |  |  |  | 534 |
Diluted weighted average common shares outstanding |  |  | 53,829 |  |  |  | 53,685 |  |  |  | 52,478 |
Contingent common shares reflect the dilutive effect of common shares that would be issued under the terms of performance-based share grants made to employees, assuming the reporting period was the performance period. We had outstanding options to purchase 0.2 million and 0.4 million shares for the years ended April 27, 2013, and April 28, 2012, respectively, with a weighted average exercise price of $20.74 and $19.97, respectively. We excluded the effect of these options from the diluted share calculation since, for each period presented, the weighted average exercise price of the options was higher than the average market price, and including the options’ effect would have been anti-dilutive. There were no outstanding options to purchase shares that were excluded from the diluted share calculation because their effect would have been anti-dilutive for the fiscal year ended April 26, 2014.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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