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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 29, 2016
Oct. 24, 2015
Oct. 29, 2016
Oct. 24, 2015
CONSOLIDATED STATEMENT OF INCOME        
Sales $ 376,579 $ 382,891 $ 717,362 $ 724,314
Cost of sales 227,885 237,085 435,137 454,276
Gross profit 148,694 145,806 282,225 270,038
Selling, general and administrative expense 115,526 112,412 227,289 216,678
Operating income 33,168 33,394 54,936 53,360
Interest expense 117 133 232 245
Interest income 234 164 438 369
Other income (expense), net (279) 512 (351) 2,480
Income before income taxes 33,006 33,937 54,791 55,964
Income tax expense 11,901 12,278 19,678 20,182
Net income 21,105 21,659 35,113 35,782
Net income attributable to noncontrolling interests (272) (707) (474) (1,154)
Net income attributable to La-Z-Boy Incorporated $ 20,833 $ 20,952 $ 34,639 $ 34,628
Basic weighted average common shares (in shares) 49,153 50,493 49,129 50,538
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.42 $ 0.41 $ 0.70 $ 0.68
Diluted weighted average common shares (in shares) 49,511 51,039 49,554 51,076
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.42 $ 0.41 $ 0.70 $ 0.67
Dividends declared per share (in dollars per share) $ 0.10 $ 0.08 $ 0.20 $ 0.16