Earnings per Share (Tables)

6 Months Ended

Oct. 29, 2022

Schedule of Basic and Diluted Earnings per Share

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, except per share data)	10/29/2022		10/23/2021		10/29/2022		10/23/2021
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$	46,077	$	39,516	$	84,565	$	64,082
Income allocated to participating securities (1)	—		—		—		(6)
Net income available to common Shareholders	$	46,077	$	39,516	$	84,565	$	64,076

Denominator:
Basic weighted average common shares outstanding	43,104		44,251		43,098		44,662
Contingent common shares	78		—		76		—
Stock option dilution	—		172		—		253
Diluted weighted average common shares outstanding	43,182		44,423		43,174		44,915

Earnings per Share:
Basic	$	1.07	$	0.89	$	1.96	$	1.43
Diluted	$	1.07	$	0.89	$	1.96	$	1.43

(1)Prior to fiscal 2019, we granted restricted stock awards that contained 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.