Earnings per Share

12 Months Ended

Apr. 26, 2025

Note 18: 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)		(52 weeks)
(Amounts in thousands)	4/26/2025		4/27/2024		4/29/2023
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$	99,556	$	122,626	$	150,664



Denominator:
Basic weighted average common shares outstanding	41,601		42,878		43,148
Contingent common shares	561		279		91
Stock option dilution	182		123		1
Diluted weighted average common shares outstanding	42,345		43,280		43,240

Earnings per Share:
Basic	$	2.39	$	2.86	$	3.49
Diluted (1)	$	2.35	$	2.83	$	3.48

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

The values for contingent common shares set forth above 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 exclude the effect of options from our diluted share calculation when the weighted average exercise price of the options is higher than the average market price, since including the options' effect would be anti-dilutive. We did not exclude any outstanding options from the diluted share calculation for the fiscal year ended April 26, 2025. We excluded options to purchase 0.5 million and 1.4 million shares from the diluted share calculation for the years ended April 27, 2024 and April 29, 2023, respectively.