Earnings per Share (Tables)

12 Months Ended

Apr. 27, 2024

Schedule of Computation 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:


	Fiscal Year Ended
	(52 weeks)		(52 weeks)		(53 weeks)
(Amounts in thousands)	4/27/2024		4/29/2023		4/30/2022
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$	122,626	$	150,664	$	150,017
Income allocated to participating securities (1)	—		—		(7)
Net income available to common Shareholders	$	122,626	$	150,664	$	150,010

Denominator:
Basic weighted average common shares outstanding	42,878		43,148		44,023
Contingent common shares	279		91		79
Stock option dilution	123		1		192
Diluted weighted average common shares outstanding	43,280		43,240		44,294

Earnings per Share:
Basic	$	2.86	$	3.49	$	3.41
Diluted (2)	$	2.83	$	3.48	$	3.39

(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.

(2)Diluted earnings per share was computed using the treasury stock method.