Earnings per Share (Tables)

9 Months Ended

Jan. 28, 2023

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				Nine Months Ended
(Unaudited, amounts in thousands, except per share data)	1/28/2023		1/22/2022		1/28/2023		1/22/2022
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$	31,726	$	28,467	$	116,291	$	92,549
Income allocated to participating securities (1)	—		—		—		(6)
Net income available to common Shareholders	$	31,726	$	28,467	$	116,291	$	92,543

Denominator:
Basic weighted average common shares outstanding	43,137		43,701		43,111		44,342
Contingent common shares	—		55		—		59
Stock option dilution	—		212		—		239
Diluted weighted average common shares outstanding	43,137		43,968		43,111		44,640

Earnings per Share:
Basic	$	0.74	$	0.65	$	2.70	$	2.09
Diluted	$	0.74	$	0.65	$	2.70	$	2.07

(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.