XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Earnings per Share | 9 Months Ended
--- | ---
Jan. 27, 2018
Earnings per Share |
Earnings per Share | Note 15: 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 |  | Nine Months Ended |
(Unaudited, amounts in thousands) |  | 1/27/18 |  | 1/28/17 |  | 1/27/18 |  | 1/28/17 |
Numerator (basic and diluted): |  |  |  |  |  |  |  |  |
Net income attributable to La-Z-Boy Incorporated |  | $ | 12,109 |  | $ | 23,286 |  | $ | 46,656 |  | $ | 57,925 |
Income allocated to participating securities |  | (62 | ) | (115 | ) | (234 | ) | (287 | )
Net income available to common shareholders |  | $ | 12,047 |  | $ | 23,171 |  | $ | 46,422 |  | $ | 57,638 |
Denominator: |  |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding |  | 47,234 |  | 48,914 |  | 47,852 |  | 49,057 |
Add: |  |  |  |  |  |  |  |  |
Contingent common shares |  | 178 |  | 155 |  | 176 |  | 155 |
Stock option dilution |  | 345 |  | 315 |  | 297 |  | 320 |
Diluted weighted average common shares outstanding |  | 47,757 |  | 49,384 |  | 48,325 |  | 49,532 |
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 nine months ended January 27, 2018, or for the quarter and nine months ended January 28, 2017.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: 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 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=64863997&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=65016374&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=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration