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Earnings per Share | 6 Months Ended
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Oct. 28, 2017
Earnings per Share |
Earnings per Share | Note 13: Earnings per Share Certain share-based compensation 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, and we are required to include these participating securities in calculating our basic earnings per common share, using the two-class method. The following is a reconciliation of the numerators and denominators we used in our computations of basic and diluted earnings per share:
|  | Quarter Ended |  | Six Months Ended |
(Unaudited, amounts in thousands) |  | 10/28/17 |  | 10/29/16 |  | 10/28/17 |  | 10/29/16 |
Numerator (basic and diluted): |  |  |  |  |  |  |  |  |
Net income attributable to La-Z-Boy Incorporated |  | $ | 22,896 |  | $ | 20,833 |  | $ | 34,547 |  | $ | 34,639 |
Income allocated to participating securities |  | (117 | ) | (103 | ) | (172 | ) | (172 | )
Net income available to common shareholders |  | $ | 22,779 |  | $ | 20,730 |  | $ | 34,375 |  | $ | 34,467 |
Denominator: |  |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding |  | 47,964 |  | 49,153 |  | 48,160 |  | 49,129 |
Add: |  |  |  |  |  |  |  |  |
Contingent common shares |  | 96 |  | 100 |  | 99 |  | 100 |
Stock option dilution |  | 237 |  | 258 |  | 278 |  | 325 |
Diluted weighted average common shares outstanding |  | 48,297 |  | 49,511 |  | 48,537 |  | 49,554 |
The above values for contingent common shares reflect the dilutive effect of common shares that we would have issued to employees under the terms of performance-based share awards if the relevant performance period for the award had been the reporting period. We did not exclude any outstanding options from the diluted share calculation for the quarter and six months ended October 28, 2017, or for the quarter and six months ended October 29, 2016.

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