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<P ALIGN="Center"><b><font face="Times New Roman, Times, Serif">UNITED STATES</font></b></P>
<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>SECURITIES AND EXCHANGE COMMISSION</B> </FONT></P>

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<A NAME=A001></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>WASHINGTON, D.C.
20549-1004 </FONT></H1>

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<A NAME=A002></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>FORM 8-K </FONT></H1>

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<A NAME=A003></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Current Report Pursuant
to Section 13 or 15(d)of <BR>the Securities Exchange Act of 1934 </FONT></P>

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<A NAME=A004></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June 19, 2007&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>


                                     (Date of Report (Date of Earliest Event Reported))</FONT></P>

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<A NAME=A005></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LA-Z-BOY INCORPORATED
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>


(Exact
name of registrant as specified in its charter)  </FONT></P>





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     <TH COLSPAN=3 width="295"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MICHIGAN</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3 width="295"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1-9656</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=2 width="307"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>38-0751137</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="8" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="252" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(State or other jurisdiction of</FONT></TD>
     <TD WIDTH="35" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="8" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="282" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Commission</FONT></TD>
     <TD WIDTH="5" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="9" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="262" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(IRS Employer</FONT></TD>
     </TR>
<TR VALIGN=Bottom>
     <TD WIDTH="8" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="252" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>incorporation)</FONT></TD>
     <TD WIDTH="35" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="8" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="282" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>File Number)</FONT></TD>
     <TD WIDTH="5" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="9" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="262" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indentification Number)</FONT></TD>
     </TR>
</TABLE>





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<br><br>



</p>



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     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1284 North Telegraph Road, Monroe, Michigan</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>48162-3390</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>

<TR VALIGN=Bottom>
     <TD WIDTH="41%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Address of principal executive offices)</FONT></TD>
     <TD WIDTH="1%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="3%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="53%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Zip Code </FONT></TD>
     <TD WIDTH="1%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
</TABLE>




<P ALIGN="Center">Registrant's telephone number, including area code <u> (734)
242-1444</u></P>




<P ALIGN="Center">&nbsp;</P>




<P align=center><FONT face="Times New Roman, Times, Serif"
size=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></P><!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Project" -->
<P align=center><FONT face="Times New Roman, Times, Serif"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Former name or former
address, if changed since last report.)
</FONT></P>

<P><FONT FACE="Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:<br><br>

[&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br><br>

[&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br><br>

[&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br><br>

[&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>






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<A NAME=A051></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>Item 2.02&nbsp; Results of Operations and
Financial Condition.</b></font></p>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
On
June 19, 2007, La-Z-Boy Incorporated issued a press release to report the company&#146;s
financial results for the quarter and fiscal year ended April 28, 2007. A copy of the
press release is attached to this current report on Form 8-K as Exhibit 99.1. Exhibit 99.2
contains unaudited quarterly financial data for the last eight quarters. </FONT></TD>
</TR>
</TABLE>
&nbsp;<p><FONT SIZE="2">
The information in this report shall not be
deemed &#147;filed&#148; for purposes of Section 18 of the Securities Exchange Act of 1934
(the &#147;Exchange Act&#148;) or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the Securities Act of
1933 or the Exchange Act, except as expressly set forth by specific reference in such a
filing. </FONT></p>

<BR>
&nbsp;<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>Item 9.01&nbsp; Financial
Statements and Exhibits </b> </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The following exhibits are furnished as part of this report: </FONT></P>









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<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></TH>
     <TH COLSPAN="3" ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Description</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Page #</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=9% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99</FONT></TD>
        <TD WIDTH=5% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>.1</FONT></TD>
     <TD WIDTH=73% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
     Press Release Dated June 19, 2007</FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=5% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD WIDTH=3% ALIGN=RIGHT>
     <font size="2">4</font></TD>
        <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD></TR>
<tr>
     <TD ALIGN=RIGHT valign="bottom"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
  <TD ALIGN=RIGHT valign="bottom"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99</FONT></TD>
        <TD ALIGN=LEFT valign="bottom"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>.2</FONT></TD>
     <TD ALIGN=LEFT valign="bottom"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Supplemental Financial Information</FONT></TD>
  <TD ALIGN=LEFT valign="bottom"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
  <TD ALIGN=LEFT valign="bottom"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT valign="bottom"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
  <TD ALIGN=RIGHT valign="bottom">
     <font size="2">13</font></TD>
        <TD ALIGN=LEFT valign="bottom"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
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<H1 ALIGN=Left>&nbsp;</h1>


<p ALIGN=Left>&nbsp;</p>


<H1 ALIGN=Left><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>SIGNATURE</b></font></h1>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned thereunto duly authorized. </FONT></P>


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<TR VALIGN=TOP>
<TD WIDTH=40%>&nbsp;</TD>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>LA-Z-BOY
INCORPORATED</B><BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
(Registrant)</FONT><br></TD>
</TR>
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<p>
<BR>
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</p>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date: June 19, 2007 </FONT></P>


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<TR VALIGN=TOP>
<TD WIDTH=40%>&nbsp;</TD>
<TD WIDTH=10%>&nbsp;</TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><BR>
<BR>BY: /S/ Louis M. Riccio, Jr.<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Louis M. Riccio, Jr.<BR>Senior Vice President and Chief Financial Officer<br>&nbsp;</FONT></TD>
</TR>
</TABLE>
<p>
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<br>
<br>
</p>
<p>
&nbsp;</p>
<p>
&nbsp;</p>
<p>
<br>
</p>
<P style="PAGE-BREAK-AFTER: always">&nbsp;</P>

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</p>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>Exhibit 99.1</b>
 </FONT></P>











<P ALIGN="Center">
<IMG SRC="logo.jpg" WIDTH="412" HEIGHT="92">
</p>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>NEWS RELEASE</b> </FONT></P>



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<TR VALIGN="BOTTOM">
     <TH ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Contact:&nbsp;&nbsp;Kathy
		Liebmann</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
		(734) 241-2438
</FONT></TD>
     <TD ALIGN="RIGHT">
		<font face="Times New Roman, Times, Serif" size="2" color="#0000FF">
		kathy.liebmann@la-z-boy.com</font></TD></TR>
</TABLE>

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<BR>
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<H1 ALIGN=CENTER><u><FONT FACE="Times New Roman, Times, Serif" SIZE=4>LA-Z-BOY REPORTS
FISCAL 2007 FOURTH-QUARTER AND YEAR-END RESULTS </FONT></u></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MONROE, MI. June 19,
2007&#151;La-Z-Boy Incorporated (NYSE: LZB) today announced its operating results for the
fourth fiscal quarter and full year ended April 28, 2007. Net sales for the quarter were
$406.9 million, down 9.4% compared with the prior-year period. The company posted earnings
per share from continuing operations of $0.16. This includes a restructuring charge of
$0.08 per share, related to the announced closure and consolidation of facilities as well
as a reduction in employment, and a gain of $0.14 per share from the sale of various
properties. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For the full year ended April 28,
2007, net sales were $1.62 billion, down 4.6% from the prior year. The company posted
earnings per share from continuing operations of $0.38 for the full year. The
earnings-per-share figure includes: </FONT></P>

<ul>
	<li><font face="Times New Roman, Times, Serif" size="2">a $0.17 per share gain on the sale of properties;</font></li>
	<li><FONT FACE="Times New Roman, Times, Serif" SIZE=2>income per share of
	$0.04 related to anti-dumping duties received on bedroom furniture imported
	from China;</FONT></li>
	<li><FONT FACE="Times New Roman, Times, Serif" SIZE=2>a restructuring charge
	of $0.13 per share; and</FONT></li>
	<li><FONT FACE="Times New Roman, Times, Serif" SIZE=2>a non-cash stock
	option expense of $0.03 per share.</FONT></li>
</ul>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;These results compare with a loss per
share of $0.11 last year, which included: </FONT></P>

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<ul>
	<li><FONT FACE="Times New Roman, Times, Serif" SIZE=2>a $0.04 per share gain on the sale
of properties;</FONT></li>
	<li><FONT FACE="Times New Roman, Times, Serif" SIZE=2>a restructuring charge of $0.10 per share; and
	</FONT></li>
	<li><FONT FACE="Times New Roman, Times, Serif" SIZE=2>a $0.44 per share loss
from the write-down of intangible assets. </FONT></li>
</ul>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Kurt L. Darrow, La-Z-Boy&#146;s
President and Chief Executive Officer, said: &#147;We continue to operate in an
environment marked by extremely difficult retail conditions across the industry and have
remained focused on running our operations with efficiency and ensuring our cost structure
is in line with our revenue stream. Despite significantly lower volume in both of our
wholesale businesses, we maintained our operating margins this quarter, reflecting the
disciplines established throughout our business. Additionally, we continued to concentrate
on managing our balance sheet by reducing our debt and inventory levels while generating
cash. In our retail segment, we are applying the same operating disciplines as we have in
our wholesale operations and expect to make incremental progress throughout fiscal 2008
even though the external environment will undoubtedly remain challenging.&#148; </FONT></P>

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<A NAME=A52></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3><u>Upholstery</u> </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For the fiscal 2007 fourth quarter,
sales in the company&#146;s upholstery segment were $303.5 million compared with $341.8
million in the prior year&#146;s fourth quarter. For the full year, sales were $1.2
billion compared with $1.3 billion last year. Darrow stated, &#147;On a double-digit
sales decline in the fourth quarter, we were able to operate with a 6.0% margin,
reflecting our focus on lean manufacturing and global sourcing. For the year,
on a 5.7% sales decrease, we maintained our operating margin at 6.6%.&quot; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>During the quarter, La-Z-Boy
finalized the sale of its Sam Moore upholstered chair company to Hooker Furniture for $9.9
million. Additionally, the company announced it would close its Lincolnton, North Carolina
and Iuka, Mississippi upholstery manufacturing facilities and consolidate three operations
into one at its Taylorsville, North Carolina facility. Darrow stated, &#147;The sale of
Sam Moore is part of our strategy to realign our portfolio of companies while the closures
of facilities reflect the necessity to right size our company in the current business
environment. These moves will allow us to be more competitive going forward.&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The company continues to
make progress in the expansion of the La-Z-Boy Furniture Galleries&reg; system into
the New Generation format. For the quarter, the La-Z-Boy Furniture Galleries&reg;
store system, which includes both company-owned and independent-licensed stores,
opened four new stores, relocated and/or remodeled four and closed eight,
bringing the total store count to 336, of which 194 are in the New Generation
format. For the full year, the system opened, relocated or remodeled 42 New
Generation stores in the overall network. For fiscal 2008, the network plans to
open 25 to 30 New Generation format La-Z-Boy Furniture Galleries&reg; stores, of
which 10 to 15 will be new stores and the remainder will be store remodels or
relocations. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>System-wide, for the first four
months of 2007, including company-owned and independent-licensed stores, same-store
written sales, which the company tracks as an indicator of retail activity, were down 9.0%
and total sales, which includes new stores decreased 5.2%. </FONT></P>

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<A NAME=A53></A>
<H1 ALIGN=LEFT><u><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Casegoods </FONT>
</u></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For the fourth quarter, casegoods
sales were $64.4 million, down 13.3% from the prior year&#146;s fourth quarter. For the
full year, sales in the segment were off 10.2% at $262.7 million. The segment&#146;s
quarterly operating margin was 8.0% versus 5.6% in last year&#146;s comparable period and,
for the year, the operating margin was 7.7%, an increase from 5.9% in the prior year. The
operating margin improvement demonstrates the success of the business&#146;s transition to
primarily an import model with a much greater variable cost structure as well as more
efficient domestic manufacturing operations. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Over the course of fiscal 2007,
La-Z-Boy continued to evaluate its portfolio of companies and sold American of
Martinsville, its hospitality furniture business, and has committed to a plan to sell its
Pennsylvania House and Clayton Marcus operation. La-Z-Boy also closed a rough mill lumber
operation in North Wilkesboro, North Carolina during the fourth quarter. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Darrow stated, &#147;Going forward,
we will continue to focus on increasing the top line through new product introductions,
the expansion of channels of distribution and increased service levels to our
customers.&#148; </FONT></P>

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<A NAME=A006></A>
<H1 ALIGN=LEFT><u><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Retail </FONT>
</u></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For the quarter, retail sales were
$54.5 million, essentially flat against the comparable quarter in fiscal 2006 and, for the
full year, sales increased 3.2% to $220.3 million, primarily the result of additional
stores. The retail group posted an operating loss for the quarter and full year, with a
(14.6%) and (14.1%) margin, respectively. The losses were primarily the result of the
difficult retail environment and consolidation costs associated with the markets acquired
over the past several years. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Darrow stated, &#147;We continue to
make changes to our retail model to ensure the business operates with the efficiency
necessary for profitability. In addition to reducing costs through the consolidation of
individual market operations, we are opening new stores to garner better penetration and
economies of scale in the markets in which we operate and are relocating and/or converting
stores to the New Generation format. However, with the challenging retail environment, it
has been difficult to achieve top-line traction and we continue to experience negative
same-store comps.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>During the fourth quarter, the
company&#146;s retail segment opened two new company-owned stores, relocated one, and
converted one store into the New Generation format while closing five. For the full year,
the company opened nine new stores, acquired seven, relocated and/or converted 10 stores
into the New Generation format and closed nine, including exiting the Rochester, New York
and Pittsburgh, Pennsylvania markets. At the end of fiscal 2007, the company owned 70
stores, including 47 in the New Generation format, or 67%, versus 63 company-owned stores
at the end of fiscal 2006, of which 28, or 44%, were in the new format. For fiscal 2008,
La-Z-Boy plans to add six to ten New Generation stores to its company-owned retail
segment, which includes new stores as well as relocations and remodels. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A007></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3><u>Restructuring</u> </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>During the quarter, a pre-tax
restructuring charge of $6.3 million was taken, net of a $1.6 million gain on previously
written-down idled assets. The restructuring charge primarily related to expenses
associated with the closure and consolidation of facilities as well as the reduction in
employment. The balance of the restructuring charge for the full year relates primarily to
store closings in the Rochester and Pittsburgh markets and related contract termination
costs for leases, severance and benefits and the write-off of certain leasehold
improvements. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A008></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3><u>Balance Sheet</u> </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>During the year, the company reduced
its debt by $35 million and, at fiscal year end, the company&#146;s debt to capitalization
ratio was 23.5%, a decrease from last quarter&#146;s ratio of 25.4% and the fiscal 2006
year-end ratio of 26.5%. Inventories stood at $197.8 million, down from $238.8 million in
the prior year, and receivables decreased to $230.4 million, down from $270.6 million last
year, with a portion of the reductions relating to the sale and reclassification of
discontinued operations. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cash generated from operations during
the quarter was $32 million and the company generated $21.7 million in cash from the
disposal of assets. For the year, the company generated more than $120 million in cash
from operating activities and the sale of assets and discontinued operations. The company
did not repurchase any shares in the fourth quarter and has authorization to purchase
approximately 5.4 million additional shares. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A009></A>
<H1 ALIGN=LEFT><u><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Business Outlook </FONT>
</u></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Commenting on the company&#146;s
business outlook, Darrow said: &#147;The external environment for home furnishings remains
very difficult and the first quarter is typically the company&#146;s slowest period due to
seasonal factors. While we have made progress in managing the cost structure of our
wholesale businesses, we believe challenging conditions in the marketplace will prevail
and, we will continue to focus on matching costs to our revenue stream. In a move
consistent with recent trends among other public companies, we are moving to yearly
guidance for sales and earnings and will no longer provide quarterly projections. We
expect sales for the fiscal 2008 year to be down 5% to 10% compared with fiscal 2007 and
expect earnings per share to be in the range of $0.45 to $0.60 per share compared with
$0.38 per share from continuing operations in fiscal 2007. This estimated range does not
include restructuring charges, potential income from any anti-dumping monies or
gains/losses on the sale of discontinued operations.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<A NAME=A010></A>
<P ALIGN=LEFT><b><u><font face="Times New Roman, Times, Serif" size="3">Forward-looking
Information </font></u></b></P>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Any forward-looking statements
contained in this news release are based on current information and assumptions and
represent management&#146;s best judgment at the present time. Actual results could differ
materially from those anticipated or projected due to a number of factors. These factors
include, but are not limited to: (a) changes in consumer confidence; (b) changes in
demographics; (c) changes in housing sales; (d) the impact of terrorism or war; (e)
continued energy price changes; (f) the impact of logistics on imports; (g) the impact of
interest rate changes; (h) changes in currency exchange rates; (i) competitive factors;
(j) operating factors, such as supply, labor or distribution disruptions including changes
in operating conditions or costs; (k) effects of restructuring actions; (l) changes in the
domestic or international regulatory environment; (m) ability to implement global sourcing
organization strategies; (n) fair value changes to our intangible assets due to actual
results differing from those projected; (o) the impact of adopting new accounting
principles; (p) the impact from natural events such as hurricanes, earthquakes and
tornadoes; (q) the impact of retail store relocation costs, the success of new stores or
the timing of converting stores to the New Generation format; (r) the ability to procure
fabric rolls or cut and sewn fabric sets domestically or abroad; (s) the ability to sell
the discontinued operations for their recorded fair value; (t) those matters discussed in
Item 1A of the company&#146;s 10K and factors relating to acquisitions and other factors
identified from time to time in our reports filed with the Securities and Exchange
Commission. We undertake no obligation to update or revise any forward-looking statements,
either to reflect new developments or for any other reason. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A011></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3><u>Additional Information</u> </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This news release is just one part of
La-Z-Boy&#146;s financial disclosures and should be read in conjunction with other
information filed with the Securities and Exchange Commission, which is available at
<font color="#0000FF">
<U>http://www.la-z-boy.com/about/investorRelations/sec_filings.aspx</U></font>. Investors and
others wishing to be notified of future La-Z-Boy news releases, SEC filings and quarterly
investor conference calls may sign up at: </FONT></P>

<u><font color="#0000FF" face="Times New Roman, Times, Serif" size="2">http://www.la-z-boy.com/about/investorRelations/IR_email_alerts.aspx</font><font face="Times New Roman, Times, Serif" size="2">.


</font><font color="#0000FF" face="Times New Roman, Times, Serif" size="2">


<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
</font></u>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3><u>Background Information</u> </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>La-Z-Boy Incorporated is one of the
world&#146;s leading residential furniture producers, marketing furniture for every room
of the home. The La-Z-Boy Upholstery Group companies are Bauhaus, England, La-Z-Boy and
La-Z-Boy, U.K. The La-Z-Boy Casegoods Group companies are American Drew, Hammary, Kincaid
and Lea. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The corporation&#146;s proprietary
distribution network is dedicated exclusively to selling La-Z-Boy Incorporated products
and brands, and includes 336 stand-alone La-Z-Boy Furniture Galleries&reg; stores and 304
La-Z-Boy In-Store Galleries, in addition to in-store gallery programs at the
company&#146;s Kincaid, England and Lea operating units. According to industry trade
publication <I>In Furniture</I>, the La-Z-Boy Furniture Galleries retail network is North
America&#146;s largest single-brand furniture retailer. Additional information is
available at <U><font color="#0000FF">http://www.la-z-boy.com/</font></U>. </FONT></P>

<P align=center>&nbsp;</P>
<HR SIZE="2" COLOR="Black">

<P style="PAGE-BREAK-AFTER: always">&nbsp;</P>



<P align=center><FONT face="Times New Roman, Times, Serif" color=blue size=3><B>LA-Z-BOY INCORPORATED</B></FONT><BR><B>
<FONT size="+0">CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS</FONT></B><BR>&nbsp;</P>





<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TH COLSPAN=3 height="39">&nbsp;</TH>
     <TH COLSPAN=6 height="39"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Unaudited<BR>
     For the Quarter Ended</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=6 height="39">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=1><BR>
     For the
     Year Ended</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TH COLSPAN=3 valign="top" height="39">





<P align=left><FONT face="Times New Roman" size=1>(Amounts
in thousands, except per share data)</FONT></P>





     </TH>
     <TH COLSPAN=3 height="39">
     <p style="margin-top: 0; margin-bottom: 0">
		<font face="Times New Roman, Times, Serif" size="1">4/28/07</font></p>
     <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
     (13 weeks)</FONT></p>
     <HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3 height="39">
     <p style="margin-top: 0; margin-bottom: 0">
		<font face="Times New Roman, Times, Serif" size="1">4/29/06</font></p>
     <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
     (13 weeks)</FONT></p>
     <HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3 height="39">
     <p style="margin-top: 0; margin-bottom: 0">
		<font face="Times New Roman, Times, Serif" size="1">4/28/07</font></p>
     <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
     (52 weeks)</FONT></p>
     <HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3 height="39">
     <p style="margin-top: 0; margin-bottom: 0">
		<font face="Times New Roman, Times, Serif" size="1">4/29/06</font></p>
     <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
     (52 weeks)</FONT></p>
     <HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=48% ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sales</FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD WIDTH=9% ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">406,949</font></TD>
        <TD WIDTH=3% ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD WIDTH=9% ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">449,376</font></TD>
        <TD WIDTH=2% ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD WIDTH=9% ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">1,617,302</font></TD>
        <TD WIDTH=3% ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD WIDTH=9% ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">1,695,012</font></TD>
        <TD WIDTH=2% ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cost of
     sales</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     &nbsp;</TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     &nbsp;</TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     &nbsp;</TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">&nbsp;</TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
     Cost of goods sold</FONT></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">295,539</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">331,821</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">1,187,876</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">1,273,505</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><font face="Times New Roman, Times, Serif" size="2">
     &nbsp;&nbsp;
     Restructuring</font></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">3,771</font></TD>
        <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">68</font></TD>
        <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">3,371</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">8,479</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<tr>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
     Total cost of sales</FONT></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">299,310</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">331,889</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">1,191,247</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">1,281,984</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;Gross profit</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">107,639</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">117,487</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">426,055</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">413,028</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Selling, general and administrative</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">92,340</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">98,305</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">386,438</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">375,793</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15">
		<font face="Times New Roman, Times, Serif" size="2">Restructuring</font></TD>
     <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">2,542</font></TD>
        <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">7,662</font></TD>
        <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15"></TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Write-down of intangibles</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">22,695</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">22,695</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>


<TR>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;Operating income
     (loss)</FONT></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">12,757</font></TD>
        <TD ALIGN=LEFT height="15">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">(3,513</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        )&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">31,955</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">14,540</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Interest expense</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">2,316</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">2,744</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">10,206</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">11,540</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15">
		<font face="Times New Roman, Times, Serif" size="2">Income from
		Continued Dumping and Subsidy Act, net</font></TD><TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">3,430</font></TD>
        <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Other
     income, net </FONT></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">1,428</font></TD>
        <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">215</font></TD>
        <TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">4,679</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">2,168</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Income
     (loss)
     from continuing operations before income taxes</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font size="2">11,869</font></TD>
        <TD ALIGN=LEFT height="15">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font size="2">(6,042</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        )&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">29,858</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">5,168</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
     Income tax expense </FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">3,434</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">6,335</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">10,090</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">10,758</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<tr>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19"><font face="Times New Roman, Times, Serif" size="2">Income
     (loss) from continuing operations</font></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">8,435</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(12,377</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        )&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">19,768</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(5,590</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
		)&nbsp;</FONT></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19">&nbsp;</TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
     Income (loss)
     from discontinued operations&nbsp;(net of tax)</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">(724</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
		)&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">2,107</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(15,629</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
		)&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">2,549</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
</tr>
<TR>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income
     (loss)</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">7,711</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(10,270</font></TD>
        <TD ALIGN=LEFT height="19">)</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">4,139</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(3,041</font></TD>
        <TD ALIGN=LEFT height="19">)</TD></TR>
<TR>
     <TD COLSPAN=3 height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD></TR>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Basic
     average shares outstanding</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">51,373</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">51,747</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">51,475</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">51,801</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><u>Basic net income
     (loss) per share:</u> </FONT></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<tr>
     <TD ALIGN=LEFT height="18"><font face="Times New Roman, Times, Serif" size="2">Income
     (loss) from continuing operations</font></TD><TD ALIGN=LEFT height="18"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="18"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="18"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="18">
     <font size="2">0.16</font></TD>
        <TD ALIGN=LEFT height="18">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="18"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="18">
     <font size="2">(0.24</font></TD>
        <TD ALIGN=LEFT height="18"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        )&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="18"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="18">
     <font size="2">0.38</font></TD>
        <TD ALIGN=LEFT height="18">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="18"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="18">
     <font face="Times New Roman, Times, Serif" size="2">(0.11</font></TD>
        <TD ALIGN=LEFT height="18"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
		)&nbsp;</FONT></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19"><font size="2">Income (loss) from discontinued operations
     (net of tax)</font></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font size="2">(0.01</font></TD>
        <TD ALIGN=LEFT height="19">)</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">0.04</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(0.30</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
		)&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">0.05</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
</tr>
<TR>
     <TD COLSPAN=3 height="19"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="19">&nbsp;</TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="19"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="19"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="19"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Net income
     (loss) per basic share</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">0.15</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">(0.20</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        )&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">0.08</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(0.06</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        )&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3 height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD></TR>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Diluted
     weighted average shares outstanding</FONT></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">51,522</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">51,747</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">51,606</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">51,801</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"></TD><TD ALIGN=LEFT height="15"></TD>
     <TD ALIGN=LEFT height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><u><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Diluted
     net income (loss) per share:</FONT></u></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<tr>
     <TD ALIGN=LEFT height="19"><font face="Times New Roman, Times, Serif" size="2">Income
     (loss) from continuing operations</font></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">0.16</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(0.24</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        )&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">0.38</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(0.11</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
		)&nbsp;</FONT></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19"><font size="2">Income (loss) from discontinued operations
     (net of tax)</font></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font size="2">(0.01</font></TD>
        <TD ALIGN=LEFT height="19">)</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font size="2">0.04</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(0.30</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
		)&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">0.05</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
</tr>
<tr>
     <TD COLSPAN=3 height="19"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="19">&nbsp;</TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="19"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="19"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="19"></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Net income
     (loss) per diluted share</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">0.15</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><font size="2">$</font></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">(0.20</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        )&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">0.08</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(0.06</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        )&nbsp;</FONT></TD>
</tr>
<tr>
     <TD COLSPAN=3 height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19"><font face="Times New Roman, Times, Serif" size="2">
     Dividends paid per share</font></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">0.12</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><font size="2">$</font></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2">0.11</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">0.48</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">0.44</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
</TABLE>



<P align=center>&nbsp;</P>



<P align=center><FONT face="Times New Roman, Times, Serif" color=blue size=3><B>LA-Z-BOY INCORPORATED</B></FONT><BR><B>
<FONT size="+0">CONDENSED CONSOLIDATED BALANCE SHEET</FONT></B></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="75%" ALIGN="CENTER">
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1></FONT></TH>
     <TH COLSPAN=6><font size="1">As of</font><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TH COLSPAN="3" ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(Amounts in thousands)</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><font face="Times New Roman, Times, Serif" size="1">4/28/07</font><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><font face="Times New Roman, Times, Serif" size="1">4/29/06</font><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="58%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Current assets</FONT></TD>
     <TD WIDTH="1%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="3%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD WIDTH="15%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
        <TD WIDTH="4%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD WIDTH="15%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
        <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Cash and equivalents</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">51,721</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">24,089</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Receivables, net</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">230,399</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">270,578</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Inventories, net</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">197,790</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">238,826</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Deferred income taxes
		- current</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <p align="right"><font face="Times New Roman, Times, Serif" size="2">17,283</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">12,854</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><font face="Times New Roman, Times, Serif" size="2">&nbsp;
		Assets of discontinued operations</font></TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">24,278</font></TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Other current assets</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">19,327</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">23,730</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=1></TD><TD></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=1></TD><TD></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Total current assets</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <p align="right"><font face="Times New Roman, Times, Serif" size="2">
		540,798</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">570,077</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<tr>
     <TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     &nbsp;</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     &nbsp;</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Property, plant and equipment, net</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">183,218</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">209,986</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><font face="Times New Roman, Times, Serif" size="2">Deferred
		income taxes - long-term</font></TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">15,380</font></TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><font face="Times New Roman, Times, Serif" size="2">Goodwill</font></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">55,659</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">56,926</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><font face="Times New Roman, Times, Serif" size="2">Trade
		names</font></TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">9,472</font></TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">18,794</font></TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Other long-term assets,
     net</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">74,164</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">100,969</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=1></TD><TD></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=1></TD><TD></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT>
     <p align="right"><font face="Times New Roman, Times, Serif" size="2">
		878,691</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">956,752</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=2></TD><TD></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=2></TD><TD></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Current liabilities</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Short-term borrowings</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">8,000</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Current portion of long-term debt</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and capital leases</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">37,688</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">2,844</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Accounts payable</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">68,089</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">85,561</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Other current liabilities</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <p align="right"><font face="Times New Roman, Times, Serif" size="2">
		122,433</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">128,318</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=1></TD><TD></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=1></TD><TD></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <p align="right"><font face="Times New Roman, Times, Serif" size="2">
		228,210</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">224,723</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<tr>
     <TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     &nbsp;</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>
     &nbsp;</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Long-term debt</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">111,714</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">173,368</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Deferred income taxes</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <p align="right"><font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">126</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Other long-term liabilities</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">53,419</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">48,190</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Shareholders' equity</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">485,348</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">510,345</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=1></TD><TD></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=1></TD><TD></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
     liabilities and shareholders' equity</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT>
     <p align="right"><font face="Times New Roman, Times, Serif" size="2">
		878,691</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT>
     <font face="Times New Roman, Times, Serif" size="2">956,752</font></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=2></TD><TD></TD>
     <TD COLSPAN=2 ALIGN=RIGHT><HR NOSHADE COLOR=Black SIZE=2></TD><TD></TD></TR>
</TABLE>
<P style="PAGE-BREAK-AFTER: always">&nbsp;</P>

<hr>
<P align=center><FONT face="Times New Roman, Times, Serif" color=blue size=3><B>
LA-Z-BOY INCORPORATED</B></FONT><BR><B>
<FONT size="+0">CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS</FONT></B></P>




<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TH COLSPAN=3 height="27">&nbsp;</TH>
     <TH COLSPAN=6 height="27"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Unaudited Quarter Ended</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=6 height="27">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=1>Year Ended</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TH COLSPAN="3" ALIGN="Left" height="27"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>(Amounts in thousands)</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3 height="27">
		<font face="Times New Roman, Times, Serif" size="1">4/28/07</font><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3 height="27">
		<font face="Times New Roman, Times, Serif" size="1">4/29/06</font><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3 height="27">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=1>4/28/07</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3 height="27">
		<font face="Times New Roman, Times, Serif" size="1">4/29/06</font><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=47% ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cash flows from operating activities</FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=8% ALIGN=RIGHT height="19">&nbsp;</TD>
        <TD WIDTH=4% ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=8% ALIGN=RIGHT height="19">&nbsp;</TD>
        <TD WIDTH=4% ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=8% ALIGN=RIGHT height="19">&nbsp;</TD>
        <TD WIDTH=4% ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=8% ALIGN=RIGHT height="19">&nbsp;</TD>
        <TD WIDTH=2% ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp; Net income
     (loss)</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">7,711</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">(10,270</font></TD>
        <TD ALIGN=LEFT height="19">
		<font face="Times New Roman, Times, Serif" size="2">)</font></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">4,139</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(3,041</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
		)&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp; Adjustments to reconcile net income
     (loss) to</FONT></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cash provided by operating activities</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-down of intangibles</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">22,695</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">22,695</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     </TR>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
     Write-down of assets from businesses held for sale (net of tax)</FONT></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">1,262</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">14,936</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
     (Gain) Loss on sale of discontinued operations (net of tax)</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
  <font face="Times New Roman, Times, Serif" size="2">345</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
  <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
  <font face="Times New Roman, Times, Serif" size="2">(935</font></TD>
        <TD ALIGN=LEFT height="15">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
  <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="15">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
     Restructuring</FONT></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">6,313</font></TD>
        <TD ALIGN=LEFT height="15">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(1,768</font></TD>
        <TD ALIGN=LEFT height="15">
		<font face="Times New Roman, Times, Serif" size="2">)&nbsp;</font></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">11,033</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">6,643</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">7,082</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">7,559</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">27,204</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">29,234</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     </TR>
<tr>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
     Provision for doubtful accounts</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">899</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">824</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">3,790</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">4,527</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19">
		<font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
		Stock option and restricted stock expense</font></TD><TD ALIGN=LEFT height="19">&nbsp;</TD><TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">748</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">221</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">3,959</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">762</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
     Change in working capital</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
     &nbsp;</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
     &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">14,810</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font size="2" face="Times New Roman, Times, Serif">14,992</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(14,503</font></TD>
        <TD ALIGN=LEFT height="19">
		<font face="Times New Roman, Times, Serif" size="2">)</font></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">32,360</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
</tr>
<TR>
     <TD COLSPAN=3 height="19">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Change
     in deferred taxes</FONT></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(7,354</font></TD>
     <TD height="19"><font face="Times New Roman, Times, Serif" size="2">)</font></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19">
		<font size="2" face="Times New Roman, Times, Serif">3,646</font></TD>
     <TD height="19">&nbsp;</TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(16,390</font></TD>
     <TD height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
     )</FONT></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="19">
		<font size="2" face="Times New Roman, Times, Serif">(3,403</font></TD>
     <TD height="19">)</TD></TR>
<TR>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total adjustments</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">24,105</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">48,169</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">29,094</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">92,818</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD></TR>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;
     Net cash provided by operating activities</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">31,816</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">37,899</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">33,233</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">89,777</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cash flows from investing activities</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<tr>
     <TD ALIGN=LEFT height="19"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp; Proceeds from disposals of assets</font></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">21,698</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">2,874</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">46,974</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">11,499</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;
     Proceeds from sale of discontinued operations</font></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">9,493</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">42,659</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     </TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp; Capital expenditures</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(4,817</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(7,512</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(25,811</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(27,991</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     </TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;
     Purchases of investments</font></TD><TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(4,704</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(3,309</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(18,165</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(25,289</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     </TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;
     Proceeds from sale of investments</font></TD><TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">5,508</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">3,868</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">17,342</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19">&nbsp;</TD><TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">12,983</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     </TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp; Acquisitions, net of cash acquired</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">--</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     </TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="16"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp; Change in other long-term assets</FONT></TD>
     <TD ALIGN=LEFT height="16"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="16"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="16"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="16">
     <font face="Times New Roman, Times, Serif" size="2">(1,298</font></TD>
        <TD ALIGN=LEFT height="16">
		<font face="Times New Roman, Times, Serif" size="2">)</font></TD>
     <TD ALIGN=RIGHT height="16"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="16">
     <font face="Times New Roman, Times, Serif" size="2">585</font></TD>
        <TD ALIGN=LEFT height="16"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        &nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="16"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="16">
		<font face="Times New Roman, Times, Serif" size="2">(955</font></TD>
        <TD ALIGN=LEFT height="16"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="16"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="16">
     <font face="Times New Roman, Times, Serif" size="2">(1,875</font></TD>
        <TD ALIGN=LEFT height="16"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
        )&nbsp;</FONT></TD>
     </TR>
<TR>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;
     Net cash  (provided by) investing activities</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">25,880</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">(3,494</font></TD>
        <TD ALIGN=LEFT height="19">
		<font face="Times New Roman, Times, Serif" size="2">)</font></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">62,044</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">(30,673</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD></TR>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cash flows from financing activities</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<tr>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
     Net changes in debt</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(16,728</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(26,048</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(36,696</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(43,102</font></TD>
        <TD ALIGN=LEFT height="19">)</TD>
</tr>
<tr>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
     Stock transactions</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
  <font size="2" face="Times New Roman, Times, Serif">7</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
  <font size="2" face="Times New Roman, Times, Serif">724</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">(5,607</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">(7,211</font></TD>
        <TD ALIGN=LEFT height="19">)</TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;
     Dividends paid</FONT></TD><TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(6,212</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(5,723</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">(24,886</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(22,923</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD>
     </TR>
<TR>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;
     Net cash

     (used for) financing activities</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(22,933</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(31,047</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(67,189</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(73,236</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD></TR>
<tr>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</tr>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Effect of exchange rate changes on cash
     and equivalents</FONT></TD><TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(526</font></TD>
        <TD ALIGN=LEFT height="19">
		<font face="Times New Roman, Times, Serif" size="2">)</font></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">223</font></TD>
        <TD ALIGN=LEFT height="19">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">(456</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
		)&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">516</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Change in cash and equivalents</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">34,237</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">3,581</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">27,632</font></TD>
        <TD ALIGN=LEFT height="15">
		<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15">
		<font face="Times New Roman, Times, Serif" size="2">(13,616</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
		)&nbsp;</FONT></TD></TR>



<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cash and equivalents at beginning of period</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">17,484</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">20,508</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
     <font face="Times New Roman, Times, Serif" size="2">24,089</font></TD>
        <TD ALIGN=LEFT height="19">&nbsp;</TD>
     <TD ALIGN=RIGHT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="19">
		<font face="Times New Roman, Times, Serif" size="2">37,705</font></TD>
        <TD ALIGN=LEFT height="19"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3 height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="15"><HR NOSHADE COLOR=Black SIZE=1></TD>
     <TD height="15"></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cash and equivalents at end of period</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">51,721</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">24,089</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">51,721</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD>
     <TD ALIGN=RIGHT height="15">
     <font face="Times New Roman, Times, Serif" size="2">24,089</font></TD>
        <TD ALIGN=LEFT height="15"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=3 height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD>
     <TD COLSPAN=2 ALIGN=RIGHT height="16"><HR NOSHADE COLOR=Black SIZE=2></TD>
     <TD height="16"></TD></TR>
</TABLE>




<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD></TD></TR>
</TABLE>


&nbsp;<p>


</p>
<P align=center><FONT face="Times New Roman, Times, Serif" color=blue size=3><B>LA-Z-BOY INCORPORATED</B></FONT><BR><B>
<FONT size="+0">Segment Information</FONT></B></P>


<TABLE cellSpacing=0 cellPadding=0 width="80%" align=center border=0>
<TR vAlign=bottom>
<TH colSpan=3 height="46"><FONT face="Times New Roman, Times, Serif" size=1></FONT></TH>
<TH colSpan=6 height="46"><font face="Times New Roman, Times, Serif" size="1">Unaudited<br>
For the Quarter Ended</font>
<HR width="95%" color=black noShade SIZE=1>
</TH>
<TH colSpan=6 height="46"><font face="Times New Roman, Times, Serif" size="1"><br>
For the Year Ended</font>
<HR width="95%" color=black noShade SIZE=1>
</TH></TR>
<TR vAlign=bottom>
<TH align=left colSpan=3 height="46"><FONT face="Times New Roman, Times, Serif" size=1>(Amounts in thousands)</FONT></TH>
<TH colSpan=3 height="46">
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman, Times, Serif" size="1">4/28/07</font>
</p>
<p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
(13 weeks)</FONT></p>
<HR width="95%" color=black noShade SIZE=1>
</TH>
<TH colSpan=3 height="46">
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman, Times, Serif" size="1">4/29/06</font>
</p>
<p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
(13 weeks)</FONT></p>
<HR width="95%" color=black noShade SIZE=1>
</TH>
<TH colSpan=3 height="46">
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman, Times, Serif" size="1">4/28/07</font>
</p>
<p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
(52 weeks)</FONT></p>
<HR width="95%" color=black noShade SIZE=1>
</TH>
<TH colSpan=3 height="46">
<p style="margin-top: 0; margin-bottom: 0">
<font face="Times New Roman, Times, Serif" size="1">4/29/06</font>
</p>
<p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
(52 weeks)</FONT></p>
<HR width="95%" color=black noShade SIZE=1>
</TH></TR>
<TR vAlign=bottom>
<TD align=left width="31%" height="19"><FONT face="Times New Roman, Times, Serif" size=2><B>Sales</B></FONT></TD>
<TD align=left width="1%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left width="2%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="1%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="12%" height="19">&nbsp;</TD>
<TD align=left width="4%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="1%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="12%" height="19"><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width="4%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="1%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="12%" height="19"><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width="4%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="1%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="12%" height="19"><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width="2%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;Upholstery
Group</FONT></TD>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="19"><FONT face="Times New Roman, Times, Serif" size=2>$</FONT></TD>
<TD align=right height="19"><font size="2">303,545</font></TD>
<TD align=left height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">$</font></TD>
<TD align=right height="19"><font size="2">341,803</font></TD>
<TD align=left height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">$</font></TD>
<TD align=right height="15"><font size="2">1,194,220</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">$</font></TD>
<TD align=right height="19"><font size="2">1,265,952</font></TD>
<TD align=left height="19"><font size="2">&nbsp;</font></TD></TR>
<TR vAlign=bottom>
<TD align=left height="15"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;Casegoods
Group</FONT></TD>
<TD align=left height="15"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left height="15"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="15"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="15"><font size="2">64,404</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"><font size="2">74,254</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"><font size="2">262,721</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"><font size="2">292,553</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD></TR>
<TR vAlign=bottom>
<TD align=left height="15"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;
Retail Group</font></TD>
<TD align=left height="15"></TD>
<TD align=left height="15"></TD>
<TD align=right height="15"></TD>
<TD align=right height="15"><font size="2">54,481</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"></TD>
<TD align=right height="15"><font size="2">54,106</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"></TD>
<TD align=right height="15"><font size="2">220,319</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"></TD>
<TD align=right height="15"><font size="2">213,438</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD></TR>
<TR vAlign=bottom>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;VIEs/Eliminations</FONT></TD>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="19"><font size="2">(15,481</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
<TD align=right height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">(20,787</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
<TD align=right height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"><font size="2">(59,958</font></TD>
<TD align=left height="15"><font size="2">)&nbsp;</font></TD>
<TD align=right height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">(76,931</font></TD>
<TD align=left height="19"><font size="2">)</font></TD></TR>
<TR>
<TD colSpan=3 height="15"></TD>
<TD align=right colSpan=2 height="15">
<HR color=black noShade SIZE=1>
</TD>
<TD height="15"></TD>
<TD align=right colSpan=2 height="15">
<HR color=black noShade SIZE=1>
</TD>
<TD height="15"></TD>
<TD align=right colSpan=2 height="15">
<HR color=black noShade SIZE=1>
</TD>
<TD height="15"></TD>
<TD align=right colSpan=2 height="15">
<HR color=black noShade SIZE=1>
</TD>
<TD height="15"></TD></TR>
<TR vAlign=bottom>
<TD align=left height="15"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated</FONT></TD>
<TD align=left height="15"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left height="15"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="15"><FONT face="Times New Roman, Times, Serif" size=2>$</FONT></TD>
<TD align=right height="15"><font size="2">406,949</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"><font size="2">$</font></TD>
<TD align=right height="15"><font size="2">449,376</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"><font size="2">$</font></TD>
<TD align=right height="15"><font size="2">1,617,302</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD>
<TD align=right height="15"><font size="2">$</font></TD>
<TD align=right height="15"><font size="2">1,695,012</font></TD>
<TD align=left height="15"><font size="2">&nbsp;</font></TD></TR>
<TR>
<TD colSpan=3 height="16"></TD>
<TD align=right colSpan=2 height="16">
<HR color=black noShade SIZE=2>
</TD>
<TD height="16"></TD>
<TD align=right colSpan=2 height="16">
<HR color=black noShade SIZE=2>
</TD>
<TD height="16"></TD>
<TD align=right colSpan=2 height="16">
<HR color=black noShade SIZE=2>
</TD>
<TD height="16"></TD>
<TD align=right colSpan=2 height="16">
<HR color=black noShade SIZE=2>
</TD>
<TD height="16"></TD></TR>
</TABLE>

<TABLE cellSpacing=0 cellPadding=0 width="80%" align=center>
<TR vAlign=bottom>
<TH colSpan=3 height="19"><FONT face="Times New Roman, Times, Serif" size=1></FONT></TH>
<TH colSpan=3 height="19"><FONT face="Times New Roman, Times, Serif" size=1></FONT></TH>
<TH colSpan=3 height="19"><FONT face="Times New Roman, Times, Serif" size=1></FONT></TH>
<TH colSpan=3 height="19"><FONT face="Times New Roman, Times, Serif" size=1></FONT></TH>
<TH colSpan=3 height="19"><FONT face="Times New Roman, Times, Serif" size=1></FONT></TH></TR>
<TR vAlign=bottom>
<TD align=left width="31%" height="19"><FONT face="Times New Roman, Times, Serif" size=2><B>Operating income
(loss)</B></FONT></TD>
<TD align=left width="1%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left width="2%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="1%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="12%" height="19"><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width="4%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="1%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="12%" height="19"><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width="4%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="1%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="12%" height="19"><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width="4%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="1%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right width="12%" height="19"><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=left width="2%" height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;Upholstery
Group</FONT></TD>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="19"><FONT face="Times New Roman, Times, Serif" size=2>$</FONT></TD>
<TD align=right height="19"><font size="2">18,286</font></TD>
<TD align=left height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">$</font></TD>
<TD align=right height="19"><font size="2">31,535</font></TD>
<TD align=left height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">$</font></TD>
<TD align=right height="19"><font size="2">78,724</font></TD>
<TD align=left height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">$</font></TD>
<TD align=right height="19"><font size="2">83,160</font></TD>
<TD align=left height="19">&nbsp;</TD>
</TR>
<TR vAlign=bottom>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;Casegoods
Group</FONT></TD>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="19"><font size="2">5,126</font></TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">4,158</font></TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">20,289</font></TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">17,125</font></TD>
<TD align=left height="19">&nbsp;</TD>
</TR>
<TR vAlign=bottom>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp; Retail
Group</FONT></TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">(7,939</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">(8,537</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">(31,161</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">(26,006</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
</TR>
<tr>
<TD align=left height="18"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;Corporate and other*</FONT></TD>
<TD align=left height="18"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left height="18"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="18"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="18"><font size="2">3,597</font></TD>
<TD align=left height="18"></TD>
<TD align=right height="18"><font size="2">&nbsp;</font></TD>
<TD align=right height="18"><font size="2">(7,906</font></TD>
<TD align=left height="18"><FONT size=2>)</FONT></TD>
<TD align=right height="18"><font size="2">&nbsp;</font></TD>
<TD align=right height="18"><font size="2">(24,864</font></TD>
<TD align=left height="18"><FONT size=2>)</FONT></TD>
<TD align=right height="18"><font size="2">&nbsp;</font></TD>
<TD align=right height="18"><font size="2">(28,565</font></TD>
<TD align=left height="18"><font size="2">)</font></TD>
</tr>
<TR vAlign=bottom>
<TD align=left height="19"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;
Restructuring</font></TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">(6,313</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">(68</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">(11,033</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">(8,479</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
</TR>
<TR vAlign=bottom>
<TD align=left height="19"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;

Write-down of intangibles</font></TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">--</font></TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">(22,695</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">--</font></TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=right height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">(22,695</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
</TR>
<TR>
<TD colSpan=3 height="15"></TD>
<TD align=right colSpan=2 height="15">
<HR color=black noShade SIZE=1>
</TD>
<TD height="15"></TD>
<TD align=right colSpan=2 height="15">
<HR color=black noShade SIZE=1>
</TD>
<TD height="15"></TD>
<TD align=right colSpan=2 height="15">
<HR color=black noShade SIZE=1>
</TD>
<TD height="15"></TD>
<TD align=right colSpan=2 height="15">
<HR color=black noShade SIZE=1>
</TD>
<TD height="15"></TD></TR>
<TR vAlign=bottom>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated</FONT></TD>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=right height="19"><FONT face="Times New Roman, Times, Serif" size=2>$</FONT></TD>
<TD align=right height="19"><font size="2">12,757</font></TD>
<TD align=left height="19">&nbsp;</TD>
<TD align=right height="19"><font size="2">$</font></TD>
<TD align=right height="19"><font size="2">(3,513</font></TD>
<TD align=left height="19"><font size="2">)</font></TD>
<TD align=right height="19"><font size="2">$</font></TD>
<TD align=right height="19"><font size="2">31,955</font></TD>
<TD align=left height="19"><font size="2">&nbsp;</font></TD>
<TD align=right height="19"><font size="2">$</font></TD>
<TD align=right height="19"><font size="2">14,540</font></TD>
<TD align=left height="19"><font size="2">&nbsp;</font></TD></TR>
<TR>
<TD colSpan=3 height="16"></TD>
<TD align=right colSpan=2 height="16">
<HR color=black noShade SIZE=2>
</TD>
<TD height="16"></TD>
<TD align=right colSpan=2 height="16">
<HR color=black noShade SIZE=2>
</TD>
<TD height="16"></TD>
<TD align=right colSpan=2 height="16">
<HR color=black noShade SIZE=2>
</TD>
<TD height="16"></TD>
<TD align=right colSpan=2 height="16">
<HR color=black noShade SIZE=2>
</TD>
<TD height="16"></TD></TR>
</TABLE>




<p style="margin-bottom: 0">




&nbsp;</p>




<p style="margin-bottom: 0">




<font size="1">* Variable Interest Entities (&quot;VIEs&quot;) are included in corporate
and other.</font><br>&nbsp;</p>



<hr>




<P style="PAGE-BREAK-AFTER: always">&nbsp;</P><br><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>Exhibit 99.2</b>
 </FONT>



<P align=center><FONT face="Times New Roman, Times, Serif" color=blue size=3><B>LA-Z-BOY INCORPORATED</B></FONT><BR><B>
<FONT size="+0">Unaudited Quarterly Financial Data</FONT></B><FONT face="Times New Roman, Times, Serif" size=2> </FONT></P>









<!-- MARKER PAGE="sheet: 8; page: 8" -->

<TABLE cellSpacing=0 cellPadding=0 width="85%" align=center border=0>

  <TR vAlign=bottom>
    <TH align=left colSpan=3 height="46"><FONT face="Times New Roman, Times, Serif"
      size=1>(Amounts in thousands, except per share data)<BR>Quarter
      ended</FONT>
      <HR width="100%" color=black noShade SIZE=1>
    </TH>
    <TH colSpan=3 height="46">
    <p style="margin-top: 0; margin-bottom: 0">
	<font face="Times New Roman, Times, Serif" size="1">7/29/06</font>&nbsp;</p>
    <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
    (13 weeks)</FONT></p>
      <HR width="100%" color=black noShade SIZE=1>
    </TH>
    <TH colSpan=3 height="46">
    <p style="margin-top: 0; margin-bottom: 0">
	<font face="Times New Roman, Times, Serif" size="1">10/28/06</font></p>
    <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
    (13 weeks)</FONT></p>
      <HR width="100%" color=black noShade SIZE=1>
    </TH>
    <TH colSpan=3 height="46">
    <p style="margin-top: 0; margin-bottom: 0">
	<font face="Times New Roman, Times, Serif" size="1">1/27/07</font></p>
    <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
    (13 weeks)</FONT></p>
      <HR width="100%" color=black noShade SIZE=1>
    </TH>
    <TH colSpan=3 height="46">
    <p style="margin-top: 0; margin-bottom: 0">
	<font face="Times New Roman, Times, Serif" size="1">4/28/07</font></p>
    <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
    (13 weeks)</FONT></p>
      <HR width="100%" color=black noShade SIZE=1>
    </TH></TR>
  <TR vAlign=bottom>
    <TD align=left width="50%" height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>Sales</FONT></TD>
    <TD align=left width="1%" height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>$</FONT></TD>
    <TD align=right width="8%" height="15"><font size="2">392,851</font></TD>
    <TD align=left width="3%" height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>$</FONT></TD>
    <TD align=right width="8%" height="15"><font size="2">413,628</font></TD>
    <TD align=left width="3%" height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>$</FONT></TD>
    <TD align=right width="8%" height="15"><font size="2">403,874</font></TD>
    <TD align=left width="3%" height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>$</FONT></TD>
    <TD align=right width="8%" height="15"><font size="2">406,949</font></TD>
    <TD align=left width="2%" height="15"></TD></TR>
  <tr>
    <TD align=left height="14"><font size="2">Cost of sales</font></TD>
    <TD align=left height="14"></TD>
    <TD align=left height="14"></TD>
    <TD align=right height="14"></TD>
    <TD align=right height="14"></TD>
    <TD align=left height="14"></TD>
    <TD align=right height="14"></TD>
    <TD align=right height="14"></TD>
    <TD align=left height="14"></TD>
    <TD align=right height="14"></TD>
    <TD align=right height="14"></TD>
    <TD align=left height="14"></TD>
    <TD align=right height="14"></TD>
    <TD align=right height="14"></TD>
    <TD align=left height="14"></TD>
  </tr>
  <TR vAlign=bottom>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; Cost
    of goods sold</FONT></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><font size="2">295,584</font></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><font size="2">305,893</font></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><font size="2">290,860</font></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><font size="2">295,539</font></TD>
    <TD align=left height="14"></TD></TR>
  <tr>
    <TD align=left height="15"><font face="Times New Roman, Times, Serif" size="2">
    &nbsp;
    Restructuring</font></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><font size="2">--</font></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><font size="2">(400</font></TD>
    <TD align=left height="15"><font size="2">)&nbsp;</font></TD>
    <TD align=right height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><font size="2">--</font></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="6"><font size="2">3,771</font></TD>
    <TD align=left height="6"></TD>
  </tr>
  <TR>
    <TD colSpan=3 height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19">&nbsp;</TD></TR>
  <tr>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp; Total cost of sales</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">295,584</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">305,493</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">290,860</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">299,310</font></TD>
    <TD align=left height="19">&nbsp;</TD>
  </tr>
  <tr>
    <TD colSpan=3 height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19">&nbsp;</TD>
  </tr>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross profit</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="9"><font size="2">97,267</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="9"><font size="2">108,135</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="9"><font size="2">113,014</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="9"><font size="2">107,639</font></TD>
    <TD align=left height="19">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>Selling,
      general and administrative</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><font size="2">94,035</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><font size="2">99,359</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><font size="2">100,704</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><font size="2">92,340</font></TD>
    <TD align=left height="19">&nbsp;</TD></TR>
  <TR>
    <TD colSpan=3 height="1">
    <font face="Times New Roman, Times, Serif" size="2">Restructuring</font></TD>
    <TD align=right colSpan=2 height="1">
      <font size="2">--</font></TD>
    <TD height="1"></TD>
    <TD align=right colSpan=2 height="1">
      <font size="2">2,265</font></TD>
    <TD height="1"></TD>
    <TD align=right colSpan=2 height="1">
      <font size="2">2,855</font></TD>
    <TD height="1"></TD>
    <TD align=right colSpan=2 height="1">
      <font size="2">2,542</font></TD>
    <TD height="1"></TD></TR>
  <TR>
    <TD colSpan=3 height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">3,232</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="10"><font size="2">6,511</font></TD>
    <TD align=left height="10"></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">9,455</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="10"><font size="2">12,757</font></TD>
    <TD align=left height="10"></TD></TR>
  <tr>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
  </tr>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>Interest
      expense</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="12"><font size="2">2,526</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="12"><font size="2">2,614</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="12"><font size="2">2,750</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="12"><font size="2">2,316</font></TD>
    <TD align=left height="19">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="15"><font size="2">Income from continued Dumping and
	Subsidy Offset Act, net</font></TD>
    <TD align=left height="15"></TD>
    <TD align=left height="15"></TD>
    <TD align=right height="15"></TD>
    <TD align=right height="14"><font size="2">--</font></TD>
    <TD align=left height="15"></TD>
    <TD align=right height="15"></TD>
    <TD align=right height="14"><font size="2">--</font></TD>
    <TD align=left height="15"></TD>
    <TD align=right height="15"></TD>
    <TD align=right height="14"><font size="2">3,430</font></TD>
    <TD align=left height="15"></TD>
    <TD align=right height="15"></TD>
    <TD align=right height="14"><font size="2">--</font></TD>
    <TD align=left height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif" size=2>Other
      income, net</FONT></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><font size="2">270</font></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><font size="2">1,348</font></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><font size="2">1,633</font></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><font size="2">1,428</font></TD>
    <TD align=left height="15"></TD></TR>
  <TR>
    <TD colSpan=3 height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;Pre-tax income</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">976</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">5,245</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">11,768</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">11,869</font></TD>
    <TD align=left height="19">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>
    Income tax expense (benefit) </FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">(116</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>)&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">1,949</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">4,823</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">3,434</font></TD>
    <TD align=left height="19">&nbsp;</TD></TR>
  <TR>
    <TD colSpan=3 height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="19">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19"><font size="2">Income from continuing operations</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19" style="border-bottom-style: none; border-bottom-width: medium"><font size="2">1,092</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">3,296</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">6,945</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">8,435</font></TD>
    <TD align=left height="19">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19"><font size="2">Income (loss) from discontinued
	operations (net of tax)</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19" style="border-right-style: none; border-right-width: medium">&nbsp;</TD>
    <TD align=right height="19" style="border-style: none; border-width: medium"><font size="2">1,203</font></TD>
    <TD align=left height="19" style="border-left-style: none; border-left-width: medium">&nbsp;</TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">(1,342</font></TD>
    <TD align=left height="19"><font size="2">)</font></TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">(14,766</font></TD>
    <TD align=left height="19"><font size="2">)</font></TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">(724</font></TD>
    <TD align=left height="19"><font size="2">)</font></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19" style="border-top-style: none; border-top-width: medium">
      <HR color=black noShade SIZE=1>
    &nbsp;</TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19">
      <HR color=black noShade SIZE=1>
    &nbsp;</TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19">
      <HR color=black noShade SIZE=1>
    &nbsp;</TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19">&nbsp;</TD>
    <TD align=right height="19">
      <HR color=black noShade SIZE=1>
    &nbsp;</TD>
    <TD align=left height="19">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income
    (loss)</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
    size=2>$</FONT></TD>
    <TD align=right height="19"><font size="2">2,295</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
    size=2>$</FONT></TD>
    <TD align=right height="19"><font size="2">1,954</font></TD>
    <TD align=left height="19">
	<FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
    size=2>$</FONT></TD>
    <TD align=right height="19"><font size="2">(7,821</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>)&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
    size=2>$</FONT></TD>
    <TD align=right height="19"><font size="2">7,711</font></TD>
    <TD align=left height="19">&nbsp;</TD></TR>
  <TR>
    <TD colSpan=3 height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=2>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=2>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=2>
    </TD>
    <TD height="19"></TD>
    <TD align=right colSpan=2 height="19">
      <HR color=black noShade SIZE=2>
    </TD>
    <TD height="19">&nbsp;</TD></TR>
  <tr>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
  </tr>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>Diluted
      weighted average shares outstanding</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">51,971</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">51,639</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">51,609</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">51,522</font></TD>
    <TD align=left height="19">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD></TR>
  <tr>
    <TD align=left height="19"><font size="2">Diluted income from continuing
	operations per share</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">$</font></TD>
    <TD align=right height="19"><font size="2">0.02</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">$</font></TD>
    <TD align=right height="19"><font size="2">0.06</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">$</font></TD>
    <TD align=right height="19"><font size="2">0.13</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">$</font></TD>
    <TD align=right height="19"><font size="2">0.16</font></TD>
    <TD align=left height="19">&nbsp;</TD>
  </tr>
  <tr>
    <TD align=left height="19"><font face="Times New Roman, Times, Serif" size="2">Diluted
    net income (loss) per share</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
    size=2>$</FONT></TD>
    <TD align=right height="19"><font size="2">0.04</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
    size=2>$</FONT></TD>
    <TD align=right height="19"><font size="2">0.04</font></TD>
    <TD align=left height="19">
	<FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
    size=2>$</FONT></TD>
    <TD align=right height="19"><font size="2">(0.15</font></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>)&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
    size=2>$</FONT></TD>
    <TD align=right height="19"><font size="2">0.15</font></TD>
    <TD align=left height="19">&nbsp;</TD>
  </tr>
  </TABLE>
<p style="margin-bottom: 0">&nbsp;</p>



<P>&nbsp;</P>



<P>&nbsp;</P>



<P>&nbsp;</P>



<P>&nbsp;</P>
<P>&nbsp;</P>



<HR SIZE="2" COLOR="Black">



<P>&nbsp;</P>
<p align="center"><FONT face="Times New Roman, Times, Serif" color=blue size=3><B>LA-Z-BOY INCORPORATED</B></FONT><BR><B>
<FONT size="+0">Unaudited Quarterly Financial Data</FONT></B><FONT face="Times New Roman, Times, Serif" size=2> </FONT>
</p>

<TABLE cellSpacing=0 cellPadding=0 width="85%" align=center border=0>

  <TR vAlign=bottom>
    <TH align=left colSpan=3 height="53"><FONT face="Times New Roman, Times, Serif"
      size=1>(Amounts in thousands, except per share data)<BR>Quarter
      ended</FONT>
      <HR width="100%" color=black noShade SIZE=1>
    </TH>
    <TH colSpan=3 height="53">
    <p style="margin-top: 0; margin-bottom: 0">
	<font face="Times New Roman, Times, Serif" size="1">7/30/05 </font>&nbsp;</p>
    <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
    (13 weeks)</FONT></p>
      <HR width="100%" color=black noShade SIZE=1>
    </TH>
    <TH colSpan=3 height="53">
    <p style="margin-top: 0; margin-bottom: 0">
	<font face="Times New Roman, Times, Serif" size="1">10/29/05</font></p>
    <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
    (13 weeks)</FONT></p>
      <HR width="100%" color=black noShade SIZE=1>
    </TH>
    <TH colSpan=3 height="53">
    <p style="margin-top: 0; margin-bottom: 0">
	<font face="Times New Roman, Times, Serif" size="1">1/28/06</font></p>
    <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
    (13 weeks)</FONT></p>
      <HR width="100%" color=black noShade SIZE=1>
    </TH>
    <TH colSpan=3 height="53">
    <p style="margin-top: 0; margin-bottom: 0">
	<font face="Times New Roman, Times, Serif" size="1">4/29/06</font></p>
    <p style="margin-top: 0; margin-bottom: 0"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>
    (13 weeks)</FONT></p>
      <HR width="100%" color=black noShade SIZE=1>
    </TH></TR>
  <TR vAlign=bottom>
    <TD align=left width="50%" height="18"><FONT face="Times New Roman, Times, Serif"
      size=2>Sales</FONT></TD>
    <TD align=left width="1%" height="18"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" height="18"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" height="18"><FONT face="Times New Roman, Times, Serif"
      size=2>$</FONT></TD>
    <TD align=right width="8%" height="18"><font size="2">396,695</font></TD>
    <TD align=left width="3%" height="18"><font size="2">&nbsp;</font></TD>
    <TD align=right width="1%" height="18"><font size="2">$</font></TD>
    <TD align=right width="8%" height="18"><font size="2">402,327</font></TD>
    <TD align=left width="3%" height="18"><font size="2">&nbsp;</font></TD>
    <TD align=right width="1%" height="18"><font size="2">$</font></TD>
    <TD align=right width="8%" height="18"><font size="2">446,614</font></TD>
    <TD align=left width="3%" height="18"><font size="2">&nbsp;</font></TD>
    <TD align=right width="1%" height="18"><font size="2">$</font></TD>
    <TD align=right width="8%" height="18"><font size="2">449,376</font></TD>
    <TD align=left width="2%" height="18"></TD></TR>
  <tr>
    <TD align=left height="16"><font size="2">Cost of sales</font></TD>
    <TD align=left height="16"></TD>
    <TD align=left height="16"></TD>
    <TD align=right height="16"></TD>
    <TD align=right height="16"></TD>
    <TD align=left height="16"></TD>
    <TD align=right height="16"></TD>
    <TD align=right height="16"></TD>
    <TD align=left height="16"></TD>
    <TD align=right height="16"></TD>
    <TD align=right height="16"></TD>
    <TD align=left height="16"></TD>
    <TD align=right height="16"></TD>
    <TD align=right height="16"></TD>
    <TD align=left height="16"></TD>
  </tr>
  <TR vAlign=bottom>
    <TD align=left height="13"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; Cost
    of goods sold</FONT></TD>
    <TD align=left height="13"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="13"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="13"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="13"><font size="2">300,068</font></TD>
    <TD align=left height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">309,932</font></TD>
    <TD align=left height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">331,684</font></TD>
    <TD align=left height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">331,821</font></TD>
    <TD align=left height="13"></TD></TR>
  <tr>
    <TD align=left height="6"><font face="Times New Roman, Times, Serif" size="2">
    &nbsp;
    Restructuring</font></TD>
    <TD align=left height="6"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="6"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="6"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="6"><font size="2">--</font></TD>
    <TD align=left height="6"><font size="2">&nbsp;</font></TD>
    <TD align=right height="6"><font size="2">&nbsp;</font></TD>
    <TD align=right height="6"><font size="2">7,817</font></TD>
    <TD align=left height="6"><font size="2">&nbsp;</font></TD>
    <TD align=right height="6"><font size="2">&nbsp;</font></TD>
    <TD align=right height="6"><font size="2">594</font></TD>
    <TD align=left height="6"><font size="2">&nbsp;</font></TD>
    <TD align=right height="6"><font size="2">&nbsp;</font></TD>
    <TD align=right height="6"><font size="2">68</font></TD>
    <TD align=left height="6">
	<font size="2">&nbsp;</font></TD>
  </tr>
  <tr>
    <TD colSpan=3 height="16"></TD>
    <TD align=right colSpan=2 height="16">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="16"></TD>
    <TD align=right colSpan=2 height="16">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="16"></TD>
    <TD align=right colSpan=2 height="16">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="16"></TD>
    <TD align=right colSpan=2 height="16">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="16"></TD>
  </tr>
  <tr>
    <TD align=left height="12"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp; Total cost of sales</FONT></TD>
    <TD align=left height="12"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="12"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="12"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="12"><font size="2">300,068</font></TD>
    <TD align=left height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">317,749</font></TD>
    <TD align=left height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">332,278</font></TD>
    <TD align=left height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">331,889</font></TD>
    <TD align=left height="12"></TD>
  </tr>
  <TR>
    <TD colSpan=3 height="13"></TD>
    <TD align=right colSpan=2 height="13">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="13"></TD>
    <TD align=right colSpan=2 height="13">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="13"></TD>
    <TD align=right colSpan=2 height="13">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="13"></TD>
    <TD align=right colSpan=2 height="13">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="13"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="9"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross profit</FONT></TD>
    <TD align=left height="9"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="9"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="9"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="9"><font size="2">96,627</font></TD>
    <TD align=left height="9"><font size="2">&nbsp;</font></TD>
    <TD align=right height="9"><font size="2">&nbsp;</font></TD>
    <TD align=right height="9"><font size="2">84,578</font></TD>
    <TD align=left height="9"><font size="2">&nbsp;</font></TD>
    <TD align=right height="9"><font size="2">&nbsp;</font></TD>
    <TD align=right height="9"><font size="2">114,336</font></TD>
    <TD align=left height="9"><font size="2">&nbsp;</font></TD>
    <TD align=right height="9"><font size="2">&nbsp;</font></TD>
    <TD align=right height="9"><font size="2">117,487</font></TD>
    <TD align=left height="9"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif" size=2>Selling,
      general and administrative</FONT></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="15"><font size="2">89,864</font></TD>
    <TD align=left height="15"><font size="2">&nbsp;</font></TD>
    <TD align=right height="15"><font size="2">&nbsp;</font></TD>
    <TD align=right height="15"><font size="2">90,976</font></TD>
    <TD align=left height="15"><font size="2">&nbsp;</font></TD>
    <TD align=right height="15"><font size="2">&nbsp;</font></TD>
    <TD align=right height="15"><font size="2">96,648</font></TD>
    <TD align=left height="15"><font size="2">&nbsp;</font></TD>
    <TD align=right height="15"><font size="2">&nbsp;</font></TD>
    <TD align=right height="15"><font size="2">98,305</font></TD>
    <TD align=left height="15"></TD></TR>
  <TR>
    <TD colSpan=3 height="15">
	<font face="Times New Roman, Times, Serif" size="2">Write-down of
	intangibles</font></TD>
    <TD align=right colSpan=2 height="15">
      <font face="Times New Roman, Times, Serif" size="2">--</font></TD>
    <TD height="15"></TD>
    <TD align=right colSpan=2 height="15">
      <font size="2">--</font></TD>
    <TD height="15"></TD>
    <TD align=right colSpan=2 height="15">
      <font size="2">--</font></TD>
    <TD height="15"></TD>
    <TD align=right colSpan=2 height="15">
      <font size="2">22,695</font></TD>
    <TD height="15"></TD></TR>
  <TR>
    <TD colSpan=3 height="15"></TD>
    <TD align=right colSpan=2 height="15">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="15"></TD>
    <TD align=right colSpan=2 height="15">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="15"></TD>
    <TD align=right colSpan=2 height="15">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="15"></TD>
    <TD align=right colSpan=2 height="15">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="10"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income (loss)</FONT></TD>
    <TD align=left height="10"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="10"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="10"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="10"><font size="2">6,763</font></TD>
    <TD align=left height="10"></TD>
    <TD align=right height="10"><font size="2">&nbsp;</font></TD>
    <TD align=right height="10"><font size="2">(6,398</font></TD>
    <TD align=left height="10"><font size="2">)</font></TD>
    <TD align=right height="10"><font size="2">&nbsp;</font></TD>
    <TD align=right height="10"><font size="2">17,688</font></TD>
    <TD align=left height="10"><font size="2">&nbsp;</font></TD>
    <TD align=right height="10"><font size="2">&nbsp;</font></TD>
    <TD align=right height="10"><font size="2">(3,513</font></TD>
    <TD align=left height="10"><font size="2">)</font></TD></TR>
  <tr>
    <TD align=left height="22">&nbsp;</TD>
    <TD align=left height="22"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="22"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
  </tr>
  <TR vAlign=bottom>
    <TD align=left height="12"><FONT face="Times New Roman, Times, Serif" size=2>Interest
      expense</FONT></TD>
    <TD align=left height="12"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="12"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="12"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="12"><font size="2">2,741</font></TD>
    <TD align=left height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">3,090</font></TD>
    <TD align=left height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">2,965</font></TD>
    <TD align=left height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">&nbsp;</font></TD>
    <TD align=right height="12"><font size="2">2,744</font></TD>
    <TD align=left height="12"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif" size=2>Other
    income, net</FONT></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><font size="2">149</font></TD>
    <TD align=left height="14"><font size="2">&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">414</font></TD>
    <TD align=left height="14"></TD>
    <TD align=right height="14"><font size="2">&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">1,390</font></TD>
    <TD align=left height="14"><font size="2">&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">215</font></TD>
    <TD align=left height="14">
	<font size="2">&nbsp;</font></TD></TR>
  <TR>
    <TD colSpan=3 height="12"></TD>
    <TD align=right colSpan=2 height="12">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="12"></TD>
    <TD align=right colSpan=2 height="12">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="12"></TD>
    <TD align=right colSpan=2 height="12">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="12"></TD>
    <TD align=right colSpan=2 height="12">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="12"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;Income (loss) from continuing operations before income taxes</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">4,171</font></TD>
    <TD align=left height="19">&nbsp;</TD>
    <TD align=right height="19"><font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">(9,074</font></TD>
    <TD align=left height="19"><font size="2">)&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">16,113</font></TD>
    <TD align=left height="19"><font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">(6,042</font></TD>
    <TD align=left height="19"><font size="2">)</font></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif" size=2>Income tax
    expense (benefit)</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><font size="2">1,556</font></TD>
    <TD align=left height="19">
	<font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">(3,265</font></TD>
    <TD align=left height="19"><font size="2">)&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">6,132</font></TD>
    <TD align=left height="19"><font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">6,335</font></TD>
    <TD align=left height="19">&nbsp;</TD></TR>
  <TR>
    <TD colSpan=3 height="11"></TD>
    <TD align=right colSpan=2 height="11">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="11"></TD>
    <TD align=right colSpan=2 height="11">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="11"></TD>
    <TD align=right colSpan=2 height="11">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="11"></TD>
    <TD align=right colSpan=2 height="11">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="11"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="14"><font face="Times New Roman, Times, Serif" size="2">Income
    (loss) from continuing operations</font></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14"><font size="2">2,615</font></TD>
    <TD align=left height="14"></TD>
    <TD align=right height="14"><font size="2">&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">(5,809</font></TD>
    <TD align=left height="14"><font size="2">)&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">9,981</font></TD>
    <TD align=left height="14"><font size="2">&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">(12,377</font></TD>
    <TD align=left height="14"><font size="2">)</font></TD></TR>
  <TR>
    <TD colSpan=3 height="1"></TD>
    <TD colSpan=3 height="1"></TD>
    <TD colSpan=3 height="1"></TD>
    <TD colSpan=3 height="1"></TD>
    <TD colSpan=3 height="1"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="13"><font face="Times New Roman, Times, Serif" size="2">
    Income (loss) from discontinued operations (net of tax)</font></TD>
    <TD align=left height="13"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="13"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="13"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="13"><font size="2">593</font></TD>
    <TD align=left height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">(638</font></TD>
    <TD align=left height="13"><font size="2">)&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">487</font></TD>
    <TD align=left height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">&nbsp;</font></TD>
    <TD align=right height="13"><font size="2">2,107</font></TD>
    <TD align=left height="13"></TD></TR>
  <tr>
    <TD colSpan=3 height="11"></TD>
    <TD align=right colSpan=2 height="11">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="11"></TD>
    <TD align=right colSpan=2 height="11">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="11"></TD>
    <TD align=right colSpan=2 height="11">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="11"></TD>
    <TD align=right colSpan=2 height="11">
      <HR color=black noShade SIZE=1>
    </TD>
    <TD height="11"></TD>
  </tr>
  <TR vAlign=bottom>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income
    (loss)</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="19"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="19"><FONT face="Times New Roman, Times, Serif"
    size=2>$</FONT></TD>
    <TD align=right height="19"><font size="2">3,208</font></TD>
    <TD align=left height="19">
	<font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">$</font></TD>
    <TD align=right height="19"><font size="2">(6,447</font></TD>
    <TD align=left height="19"><font size="2">)&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">$</font></TD>
    <TD align=right height="19"><font size="2">10,468</font></TD>
    <TD align=left height="19"><font size="2">&nbsp;</font></TD>
    <TD align=right height="19"><font size="2">$</font></TD>
    <TD align=right height="19"><font size="2">(10,270</font></TD>
    <TD align=left height="19"><font size="2">)</font></TD></TR>
  <TR>
    <TD colSpan=3 height="17"></TD>
    <TD align=right colSpan=2 height="17">
      <HR color=black noShade SIZE=2>
    </TD>
    <TD height="17"></TD>
    <TD align=right colSpan=2 height="17">
      <HR color=black noShade SIZE=2>
    </TD>
    <TD height="17"></TD>
    <TD align=right colSpan=2 height="17">
      <HR color=black noShade SIZE=2>
    </TD>
    <TD height="17"></TD>
    <TD align=right colSpan=2 height="17">
      <HR color=black noShade SIZE=2>
    </TD>
    <TD height="17"></TD></TR>
  <tr>
    <TD align=left height="16"></TD>
    <TD align=left height="16"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="16"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
  </tr>
  <TR vAlign=bottom>
    <TD align=left height="17"><FONT face="Times New Roman, Times, Serif" size=2>Diluted
      weighted average shares outstanding</FONT></TD>
    <TD align=left height="17"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="17"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="17"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="17"><font size="2">52,195</font></TD>
    <TD align=left height="17"><font size="2">&nbsp;</font></TD>
    <TD align=right height="17"><font size="2">&nbsp;</font></TD>
    <TD align=right height="17"><font size="2">51,655</font></TD>
    <TD align=left height="17"><font size="2">&nbsp;</font></TD>
    <TD align=right height="17"><font size="2">&nbsp;</font></TD>
    <TD align=right height="17"><font size="2">51,857</font></TD>
    <TD align=left height="17"><font size="2">&nbsp;</font></TD>
    <TD align=right height="17"><font size="2">&nbsp;</font></TD>
    <TD align=right height="17"><font size="2">51,747</font></TD>
    <TD align=left height="17"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="15"></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="15"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD align=left height="17"><font face="Times New Roman, Times, Serif" size="2">Diluted
    income (loss)&nbsp; from continuing operations per share</font></TD>
    <TD align=left height="17"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="17"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="17"><FONT face="Times New Roman, Times, Serif"
    size=2>$</FONT></TD>
    <TD align=right height="17"><font size="2">0.05</font></TD>
    <TD align=left height="17"></TD>
    <TD align=right height="17"><font size="2">$</font></TD>
    <TD align=right height="17"><font size="2">(0.11</font></TD>
    <TD align=left height="17"><font size="2">)&nbsp;</font></TD>
    <TD align=right height="17"><font size="2">$</font></TD>
    <TD align=right height="17"><font size="2">0.19</font></TD>
    <TD align=left height="17"><font size="2">&nbsp;</font></TD>
    <TD align=right height="17"><font size="2">$</font></TD>
    <TD align=right height="17"><font size="2">(0.24</font></TD>
    <TD align=left height="17"><font size="2">)</font></TD></TR>
  <tr>
    <TD align=left height="14"><font face="Times New Roman, Times, Serif" size="2">Diluted
    net income (loss) per share</font></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left height="14"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=right height="14">$</TD>
    <TD align=right height="14"><font size="2">0.06</font></TD>
    <TD align=left height="14"></TD>
    <TD align=right height="14"><font size="2">$</font></TD>
    <TD align=right height="14"><font size="2">(0.12</font></TD>
    <TD align=left height="14"><font size="2">)&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">$</font></TD>
    <TD align=right height="14"><font size="2">0.20</font></TD>
    <TD align=left height="14"><font size="2">&nbsp;</font></TD>
    <TD align=right height="14"><font size="2">$</font></TD>
    <TD align=right height="14"><font size="2">(0.20</font></TD>
    <TD align=left height="14"><font size="2">)</font></TD>
  </tr>
  </TABLE>









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{"company-data": {"conformed-name": "LA-Z-BOY INC", "cik": "0000057131", "assigned-sic": "2510", "irs-number": "380751137", "state-of-incorporation": "MI", "fiscal-year-end": "0428"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09656", "film-number": "07929459"}, "business-address": {"street1": "1284 N TELEGRAPH RD", "city": "MONROE", "state": "MI", "zip": "48162", "phone": "7342414414"}, "mail-address": {"street1": "1284 N TELEGRAPH RD", "city": "MONROE", "state": "MI", "zip": "48162"}, "former-company": {"former-conformed-name": "LA Z BOY CHAIR CO", "date-changed": "19920703"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
20549-1004
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d)of
the Securities Exchange Act of 1934
June 19, 2007
(Date of Report (Date of Earliest Event Reported))
LA-Z-BOY INCORPORATED
(Exact
name of registrant as specified in its charter)
MICHIGAN
1-9656
38-0751137
(State or other jurisdiction of
(Commission
(IRS Employer
incorporation)
File Number)
Indentification Number)
1284 North Telegraph Road, Monroe, Michigan
48162-3390
(Address of principal executive offices)
Zip Code
Registrant's telephone number, including area code
(734)
242-1444
None
(Former name or former
address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02  Results of Operations and
Financial Condition.
On
June 19, 2007, La-Z-Boy Incorporated issued a press release to report the company's
financial results for the quarter and fiscal year ended April 28, 2007. A copy of the
press release is attached to this current report on Form 8-K as Exhibit 99.1. Exhibit 99.2
contains unaudited quarterly financial data for the last eight quarters.
The information in this report shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
(the "Exchange Act") or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the Securities Act of
1933 or the Exchange Act, except as expressly set forth by specific reference in such a
filing.
Item 9.01  Financial
Statements and Exhibits
(d)       
          The following exhibits are furnished as part of this report:
Description
Page #
99
.1
Press Release Dated June 19, 2007
4
99
.2
Supplemental Financial Information
13
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned thereunto duly authorized.
LA-Z-BOY
INCORPORATED
——————————————
(Registrant)
Date: June 19, 2007
BY: /S/ Louis M. Riccio, Jr.
——————————————
Louis M. Riccio, Jr.
Senior Vice President and Chief Financial Officer
Exhibit 99.1
NEWS RELEASE
Contact:  Kathy
		Liebmann
(734) 241-2438
kathy.liebmann@la-z-boy.com
LA-Z-BOY REPORTS
FISCAL 2007 FOURTH-QUARTER AND YEAR-END RESULTS
MONROE, MI. June 19,
2007—La-Z-Boy Incorporated (NYSE: LZB) today announced its operating results for the
fourth fiscal quarter and full year ended April 28, 2007. Net sales for the quarter were
$406.9 million, down 9.4% compared with the prior-year period. The company posted earnings
per share from continuing operations of $0.16. This includes a restructuring charge of
$0.08 per share, related to the announced closure and consolidation of facilities as well
as a reduction in employment, and a gain of $0.14 per share from the sale of various
properties.
For the full year ended April 28,
2007, net sales were $1.62 billion, down 4.6% from the prior year. The company posted
earnings per share from continuing operations of $0.38 for the full year. The
earnings-per-share figure includes:
a $0.17 per share gain on the sale of properties;
income per share of
	$0.04 related to anti-dumping duties received on bedroom furniture imported
	from China;
a restructuring charge
	of $0.13 per share; and
a non-cash stock
	option expense of $0.03 per share.
These results compare with a loss per
share of $0.11 last year, which included:
a $0.04 per share gain on the sale
of properties;
a restructuring charge of $0.10 per share; and
a $0.44 per share loss
from the write-down of intangible assets.
Kurt L. Darrow, La-Z-Boy's
President and Chief Executive Officer, said: "We continue to operate in an
environment marked by extremely difficult retail conditions across the industry and have
remained focused on running our operations with efficiency and ensuring our cost structure
is in line with our revenue stream. Despite significantly lower volume in both of our
wholesale businesses, we maintained our operating margins this quarter, reflecting the
disciplines established throughout our business. Additionally, we continued to concentrate
on managing our balance sheet by reducing our debt and inventory levels while generating
cash. In our retail segment, we are applying the same operating disciplines as we have in
our wholesale operations and expect to make incremental progress throughout fiscal 2008
even though the external environment will undoubtedly remain challenging."
Upholstery
For the fiscal 2007 fourth quarter,
sales in the company's upholstery segment were $303.5 million compared with $341.8
million in the prior year's fourth quarter. For the full year, sales were $1.2
billion compared with $1.3 billion last year. Darrow stated, "On a double-digit
sales decline in the fourth quarter, we were able to operate with a 6.0% margin,
reflecting our focus on lean manufacturing and global sourcing. For the year,
on a 5.7% sales decrease, we maintained our operating margin at 6.6%."
During the quarter, La-Z-Boy
finalized the sale of its Sam Moore upholstered chair company to Hooker Furniture for $9.9
million. Additionally, the company announced it would close its Lincolnton, North Carolina
and Iuka, Mississippi upholstery manufacturing facilities and consolidate three operations
into one at its Taylorsville, North Carolina facility. Darrow stated, "The sale of
Sam Moore is part of our strategy to realign our portfolio of companies while the closures
of facilities reflect the necessity to right size our company in the current business
environment. These moves will allow us to be more competitive going forward."
The company continues to
make progress in the expansion of the La-Z-Boy Furniture Galleries® system into
the New Generation format. For the quarter, the La-Z-Boy Furniture Galleries®
store system, which includes both company-owned and independent-licensed stores,
opened four new stores, relocated and/or remodeled four and closed eight,
bringing the total store count to 336, of which 194 are in the New Generation
format. For the full year, the system opened, relocated or remodeled 42 New
Generation stores in the overall network. For fiscal 2008, the network plans to
open 25 to 30 New Generation format La-Z-Boy Furniture Galleries® stores, of
which 10 to 15 will be new stores and the remainder will be store remodels or
relocations.
System-wide, for the first four
months of 2007, including company-owned and independent-licensed stores, same-store
written sales, which the company tracks as an indicator of retail activity, were down 9.0%
and total sales, which includes new stores decreased 5.2%.
Casegoods
For the fourth quarter, casegoods
sales were $64.4 million, down 13.3% from the prior year's fourth quarter. For the
full year, sales in the segment were off 10.2% at $262.7 million. The segment's
quarterly operating margin was 8.0% versus 5.6% in last year's comparable period and,
for the year, the operating margin was 7.7%, an increase from 5.9% in the prior year. The
operating margin improvement demonstrates the success of the business's transition to
primarily an import model with a much greater variable cost structure as well as more
efficient domestic manufacturing operations.
Over the course of fiscal 2007,
La-Z-Boy continued to evaluate its portfolio of companies and sold American of
Martinsville, its hospitality furniture business, and has committed to a plan to sell its
Pennsylvania House and Clayton Marcus operation. La-Z-Boy also closed a rough mill lumber
operation in North Wilkesboro, North Carolina during the fourth quarter.
Darrow stated, "Going forward,
we will continue to focus on increasing the top line through new product introductions,
the expansion of channels of distribution and increased service levels to our
customers."
Retail
For the quarter, retail sales were
$54.5 million, essentially flat against the comparable quarter in fiscal 2006 and, for the
full year, sales increased 3.2% to $220.3 million, primarily the result of additional
stores. The retail group posted an operating loss for the quarter and full year, with a
(14.6%) and (14.1%) margin, respectively. The losses were primarily the result of the
difficult retail environment and consolidation costs associated with the markets acquired
over the past several years.
Darrow stated, "We continue to
make changes to our retail model to ensure the business operates with the efficiency
necessary for profitability. In addition to reducing costs through the consolidation of
individual market operations, we are opening new stores to garner better penetration and
economies of scale in the markets in which we operate and are relocating and/or converting
stores to the New Generation format. However, with the challenging retail environment, it
has been difficult to achieve top-line traction and we continue to experience negative
same-store comps."
During the fourth quarter, the
company's retail segment opened two new company-owned stores, relocated one, and
converted one store into the New Generation format while closing five. For the full year,
the company opened nine new stores, acquired seven, relocated and/or converted 10 stores
into the New Generation format and closed nine, including exiting the Rochester, New York
and Pittsburgh, Pennsylvania markets. At the end of fiscal 2007, the company owned 70
stores, including 47 in the New Generation format, or 67%, versus 63 company-owned stores
at the end of fiscal 2006, of which 28, or 44%, were in the new format. For fiscal 2008,
La-Z-Boy plans to add six to ten New Generation stores to its company-owned retail
segment, which includes new stores as well as relocations and remodels.
Restructuring
During the quarter, a pre-tax
restructuring charge of $6.3 million was taken, net of a $1.6 million gain on previously
written-down idled assets. The restructuring charge primarily related to expenses
associated with the closure and consolidation of facilities as well as the reduction in
employment. The balance of the restructuring charge for the full year relates primarily to
store closings in the Rochester and Pittsburgh markets and related contract termination
costs for leases, severance and benefits and the write-off of certain leasehold
improvements.
Balance Sheet
During the year, the company reduced
its debt by $35 million and, at fiscal year end, the company's debt to capitalization
ratio was 23.5%, a decrease from last quarter's ratio of 25.4% and the fiscal 2006
year-end ratio of 26.5%. Inventories stood at $197.8 million, down from $238.8 million in
the prior year, and receivables decreased to $230.4 million, down from $270.6 million last
year, with a portion of the reductions relating to the sale and reclassification of
discontinued operations.
Cash generated from operations during
the quarter was $32 million and the company generated $21.7 million in cash from the
disposal of assets. For the year, the company generated more than $120 million in cash
from operating activities and the sale of assets and discontinued operations. The company
did not repurchase any shares in the fourth quarter and has authorization to purchase
approximately 5.4 million additional shares.
Business Outlook
Commenting on the company's
business outlook, Darrow said: "The external environment for home furnishings remains
very difficult and the first quarter is typically the company's slowest period due to
seasonal factors. While we have made progress in managing the cost structure of our
wholesale businesses, we believe challenging conditions in the marketplace will prevail
and, we will continue to focus on matching costs to our revenue stream. In a move
consistent with recent trends among other public companies, we are moving to yearly
guidance for sales and earnings and will no longer provide quarterly projections. We
expect sales for the fiscal 2008 year to be down 5% to 10% compared with fiscal 2007 and
expect earnings per share to be in the range of $0.45 to $0.60 per share compared with
$0.38 per share from continuing operations in fiscal 2007. This estimated range does not
include restructuring charges, potential income from any anti-dumping monies or
gains/losses on the sale of discontinued operations."
Forward-looking
Information
Any forward-looking statements
contained in this news release are based on current information and assumptions and
represent management's best judgment at the present time. Actual results could differ
materially from those anticipated or projected due to a number of factors. These factors
include, but are not limited to: (a) changes in consumer confidence; (b) changes in
demographics; (c) changes in housing sales; (d) the impact of terrorism or war; (e)
continued energy price changes; (f) the impact of logistics on imports; (g) the impact of
interest rate changes; (h) changes in currency exchange rates; (i) competitive factors;
(j) operating factors, such as supply, labor or distribution disruptions including changes
in operating conditions or costs; (k) effects of restructuring actions; (l) changes in the
domestic or international regulatory environment; (m) ability to implement global sourcing
organization strategies; (n) fair value changes to our intangible assets due to actual
results differing from those projected; (o) the impact of adopting new accounting
principles; (p) the impact from natural events such as hurricanes, earthquakes and
tornadoes; (q) the impact of retail store relocation costs, the success of new stores or
the timing of converting stores to the New Generation format; (r) the ability to procure
fabric rolls or cut and sewn fabric sets domestically or abroad; (s) the ability to sell
the discontinued operations for their recorded fair value; (t) those matters discussed in
Item 1A of the company's 10K and factors relating to acquisitions and other factors
identified from time to time in our reports filed with the Securities and Exchange
Commission. We undertake no obligation to update or revise any forward-looking statements,
either to reflect new developments or for any other reason.
Additional Information
This news release is just one part of
La-Z-Boy's financial disclosures and should be read in conjunction with other
information filed with the Securities and Exchange Commission, which is available at
http://www.la-z-boy.com/about/investorRelations/sec_filings.aspx
. Investors and
others wishing to be notified of future La-Z-Boy news releases, SEC filings and quarterly
investor conference calls may sign up at:
http://www.la-z-boy.com/about/investorRelations/IR_email_alerts.aspx
.
Background Information
La-Z-Boy Incorporated is one of the
world's leading residential furniture producers, marketing furniture for every room
of the home. The La-Z-Boy Upholstery Group companies are Bauhaus, England, La-Z-Boy and
La-Z-Boy, U.K. The La-Z-Boy Casegoods Group companies are American Drew, Hammary, Kincaid
and Lea.
The corporation's proprietary
distribution network is dedicated exclusively to selling La-Z-Boy Incorporated products
and brands, and includes 336 stand-alone La-Z-Boy Furniture Galleries® stores and 304
La-Z-Boy In-Store Galleries, in addition to in-store gallery programs at the
company's Kincaid, England and Lea operating units. According to industry trade
publication
In Furniture
, the La-Z-Boy Furniture Galleries retail network is North
America's largest single-brand furniture retailer. Additional information is
available at
http://www.la-z-boy.com/
.
LA-Z-BOY INCORPORATED
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
Unaudited
For the Quarter Ended
For the
     Year Ended
(Amounts
in thousands, except per share data)
4/28/07
(13 weeks)
4/29/06
(13 weeks)
4/28/07
(52 weeks)
4/29/06
(52 weeks)
Sales
$
406,949
$
449,376
$
1,617,302
$
1,695,012
Cost of
     sales
Cost of goods sold
295,539
331,821
1,187,876
1,273,505
Restructuring
3,771
68
3,371
8,479
Total cost of sales
299,310
331,889
1,191,247
1,281,984
Gross profit
107,639
117,487
426,055
413,028
Selling, general and administrative
92,340
98,305
386,438
375,793
Restructuring
2,542
--
7,662
--
Write-down of intangibles
--
22,695
--
22,695
Operating income
     (loss)
12,757
(3,513
)
31,955
14,540
Interest expense
2,316
2,744
10,206
11,540
Income from
		Continued Dumping and Subsidy Act, net
--
--
3,430
--
Other
     income, net
1,428
215
4,679
2,168
Income
     (loss)
     from continuing operations before income taxes
11,869
(6,042
)
29,858
5,168
Income tax expense
3,434
6,335
10,090
10,758
Income
     (loss) from continuing operations
8,435
(12,377
)
19,768
(5,590
)
Income (loss)
     from discontinued operations (net of tax)
(724
)
2,107
(15,629
)
2,549
Net income
     (loss)
$
7,711
$
(10,270
)
$
4,139
$
(3,041
)
Basic
     average shares outstanding
51,373
51,747
51,475
51,801
Basic net income
     (loss) per share:
Income
     (loss) from continuing operations
$
0.16
$
(0.24
)
$
0.38
$
(0.11
)
Income (loss) from discontinued operations
     (net of tax)
(0.01
)
0.04
(0.30
)
0.05
Net income
     (loss) per basic share
$
0.15
$
(0.20
)
$
0.08
$
(0.06
)
Diluted
     weighted average shares outstanding
51,522
51,747
51,606
51,801
Diluted
     net income (loss) per share:
Income
     (loss) from continuing operations
$
0.16
$
(0.24
)
$
0.38
$
(0.11
)
Income (loss) from discontinued operations
     (net of tax)
(0.01
)
0.04
(0.30
)
0.05
Net income
     (loss) per diluted share
$
0.15
$
(0.20
)
$
0.08
$
(0.06
)
Dividends paid per share
$
0.12
$
0.11
$
0.48
$
0.44
LA-Z-BOY INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEET
As of
(Amounts in thousands)
4/28/07
4/29/06
Current assets
Cash and equivalents
$
51,721
$
24,089
Receivables, net
230,399
270,578
Inventories, net
197,790
238,826
Deferred income taxes
		- current
17,283
12,854
Assets of discontinued operations
24,278
--
Other current assets
19,327
23,730
Total current assets
540,798
570,077
Property, plant and equipment, net
183,218
209,986
Deferred
		income taxes - long-term
15,380
--
Goodwill
55,659
56,926
Trade
		names
9,472
18,794
Other long-term assets,
     net
74,164
100,969
Total assets
$
878,691
$
956,752
Current liabilities
Short-term borrowings
$
--
$
8,000
Current portion of long-term debt
and capital leases
37,688
2,844
Accounts payable
68,089
85,561
Other current liabilities
122,433
128,318
Total current liabilities
228,210
224,723
Long-term debt
111,714
173,368
Deferred income taxes
--
126
Other long-term liabilities
53,419
48,190
Shareholders' equity
485,348
510,345
Total
     liabilities and shareholders' equity
$
878,691
$
956,752
LA-Z-BOY INCORPORATED
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Unaudited Quarter Ended
Year Ended
(Amounts in thousands)
4/28/07
4/29/06
4/28/07
4/29/06
Cash flows from operating activities
Net income
     (loss)
$
7,711
$
(10,270
)
$
4,139
$
(3,041
)
Adjustments to reconcile net income
     (loss) to
cash provided by operating activities
Write-down of intangibles
--
22,695
--
22,695
Write-down of assets from businesses held for sale (net of tax)
1,262
--
14,936
--
(Gain) Loss on sale of discontinued operations (net of tax)
345
--
(935
)
--
Restructuring
6,313
(1,768
)
11,033
6,643
Depreciation and amortization
7,082
7,559
27,204
29,234
Provision for doubtful accounts
899
824
3,790
4,527
Stock option and restricted stock expense
748
221
3,959
762
Change in working capital
14,810
14,992
(14,503
)
32,360
Change
     in deferred taxes
(7,354
)
3,646
(16,390
)
(3,403
)
Total adjustments
24,105
48,169
29,094
92,818
Net cash provided by operating activities
31,816
37,899
33,233
89,777
Cash flows from investing activities
Proceeds from disposals of assets
21,698
2,874
46,974
11,499
Proceeds from sale of discontinued operations
9,493
--
42,659
--
Capital expenditures
(4,817
)
(7,512
)
(25,811
)
(27,991
)
Purchases of investments
(4,704
)
(3,309
)
(18,165
)
(25,289
)
Proceeds from sale of investments
5,508
3,868
17,342
12,983
Acquisitions, net of cash acquired
--
--
--
--
Change in other long-term assets
(1,298
)
585
(955
)
(1,875
)
Net cash  (provided by) investing activities
25,880
(3,494
)
62,044
(30,673
)
Cash flows from financing activities
Net changes in debt
(16,728
)
(26,048
)
(36,696
)
(43,102
)
Stock transactions
7
724
(5,607
)
(7,211
)
Dividends paid
(6,212
)
(5,723
)
(24,886
)
(22,923
)
Net cash

     (used for) financing activities
(22,933
)
(31,047
)
(67,189
)
(73,236
)
Effect of exchange rate changes on cash
     and equivalents
(526
)
223
(456
)
516
Change in cash and equivalents
34,237
3,581
27,632
(13,616
)
Cash and equivalents at beginning of period
17,484
20,508
24,089
37,705
Cash and equivalents at end of period
$
51,721
$
24,089
$
51,721
$
24,089
LA-Z-BOY INCORPORATED
Segment Information
Unaudited
For the Quarter Ended
For the Year Ended
(Amounts in thousands)
4/28/07
(13 weeks)
4/29/06
(13 weeks)
4/28/07
(52 weeks)
4/29/06
(52 weeks)
Sales
Upholstery
Group
$
303,545
$
341,803
$
1,194,220
$
1,265,952
Casegoods
Group
64,404
74,254
262,721
292,553
Retail Group
54,481
54,106
220,319
213,438
VIEs/Eliminations
(15,481
)
(20,787
)
(59,958
)
(76,931
)
Consolidated
$
406,949
$
449,376
$
1,617,302
$
1,695,012
Operating income
(loss)
Upholstery
Group
$
18,286
$
31,535
$
78,724
$
83,160
Casegoods
Group
5,126
4,158
20,289
17,125
Retail
Group
(7,939
)
(8,537
)
(31,161
)
(26,006
)
Corporate and other*
3,597
(7,906
)
(24,864
)
(28,565
)
Restructuring
(6,313
)
(68
)
(11,033
)
(8,479
)
Write-down of intangibles
--
(22,695
)
--
(22,695
)
Consolidated
$
12,757
$
(3,513
)
$
31,955
$
14,540
* Variable Interest Entities ("VIEs") are included in corporate
and other.
Exhibit 99.2
LA-Z-BOY INCORPORATED
Unaudited Quarterly Financial Data
(Amounts in thousands, except per share data)
Quarter
      ended
7/29/06
(13 weeks)
10/28/06
(13 weeks)
1/27/07
(13 weeks)
4/28/07
(13 weeks)
Sales
$
392,851
$
413,628
$
403,874
$
406,949
Cost of sales
Cost
    of goods sold
295,584
305,893
290,860
295,539
Restructuring
--
(400
)
--
3,771
Total cost of sales
295,584
305,493
290,860
299,310
Gross profit
97,267
108,135
113,014
107,639
Selling,
      general and administrative
94,035
99,359
100,704
92,340
Restructuring
--
2,265
2,855
2,542
Operating income
3,232
6,511
9,455
12,757
Interest
      expense
2,526
2,614
2,750
2,316
Income from continued Dumping and
	Subsidy Offset Act, net
--
--
3,430
--
Other
      income, net
270
1,348
1,633
1,428
Pre-tax income
976
5,245
11,768
11,869
Income tax expense (benefit)
(116
)
1,949
4,823
3,434
Income from continuing operations
1,092
3,296
6,945
8,435
Income (loss) from discontinued
	operations (net of tax)
1,203
(1,342
)
(14,766
)
(724
)
Net income
    (loss)
$
2,295
$
1,954
$
(7,821
)
$
7,711
Diluted
      weighted average shares outstanding
51,971
51,639
51,609
51,522
Diluted income from continuing
	operations per share
$
0.02
$
0.06
$
0.13
$
0.16
Diluted
    net income (loss) per share
$
0.04
$
0.04
$
(0.15
)
$
0.15
LA-Z-BOY INCORPORATED
Unaudited Quarterly Financial Data
(Amounts in thousands, except per share data)
Quarter
      ended
7/30/05
(13 weeks)
10/29/05
(13 weeks)
1/28/06
(13 weeks)
4/29/06
(13 weeks)
Sales
$
396,695
$
402,327
$
446,614
$
449,376
Cost of sales
Cost
    of goods sold
300,068
309,932
331,684
331,821
Restructuring
--
7,817
594
68
Total cost of sales
300,068
317,749
332,278
331,889
Gross profit
96,627
84,578
114,336
117,487
Selling,
      general and administrative
89,864
90,976
96,648
98,305
Write-down of
	intangibles
--
--
--
22,695
Operating income (loss)
6,763
(6,398
)
17,688
(3,513
)
Interest
      expense
2,741
3,090
2,965
2,744
Other
    income, net
149
414
1,390
215
Income (loss) from continuing operations before income taxes
4,171
(9,074
)
16,113
(6,042
)
Income tax
    expense (benefit)
1,556
(3,265
)
6,132
6,335
Income
    (loss) from continuing operations
2,615
(5,809
)
9,981
(12,377
)
Income (loss) from discontinued operations (net of tax)
593
(638
)
487
2,107
Net income
    (loss)
$
3,208
$
(6,447
)
$
10,468
$
(10,270
)
Diluted
      weighted average shares outstanding
52,195
51,655
51,857
51,747
Diluted
    income (loss)  from continuing operations per share
$
0.05
$
(0.11
)
$
0.19
$
(0.24
)
Diluted
    net income (loss) per share
$
0.06
$
(0.12
)
$
0.20
$
(0.20
)