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Segment Information
6 Months Ended
Oct. 29, 2011
Segment Information
Note 11: Segment Information
 
Our reportable operating segments are the Upholstery Group, the Casegoods Group and the Retail Group. 
 
Upholstery Group.  The Upholstery Group consists of three operating units, La-Z-Boy, England and Bauhaus.  This group manufactures or imports and sells upholstered furniture to furniture retailers. Upholstered furniture includes recliners and motion furniture, sofas, loveseats, chairs, ottomans and sleeper sofas.  The Uphostery Group sells directly to La-Z-Boy Furniture Galleries ® stores, operators of Comfort Studios, general dealers and department stores.
 
Casegoods Group. The Casegoods Group consists of two operating units, American Drew, Lea and Hammary; and Kincaid. This group sells imported or manufactured wood furniture to furniture retailers.  Casegoods product includes bedroom, dining room, entertainment centers, accent pieces and some coordinated upholstered furniture. The Casegoods Group sells to proprietary stores and general dealers. 
 
Retail Group. The Retail Group consists of 85 company-owned La-Z-Boy Furniture Galleries® stores in nine primary markets.  The Retail Group sells upholstered furniture, as well as some casegoods and other accessories, to end consumers through the retail network.


   
Second Quarter Ended
    
Six Months Ended
  
(Unaudited, amounts in thousands)
  
10/29/11
    
10/23/10
    
10/29/11
    
10/23/10
  
Sales
                        
Upholstery Group
   $ 241,400     $ 224,878     $ 458,862     $ 426,812  
Casegoods Group
     35,943       39,509       70,704       76,359  
Retail Group
     52,711       39,246       101,525       74,553  
VIEs, net of intercompany sales eliminations
     2,762       7,744       6,103       15,286  
Corporate and Other
     817       449       1,411       826  
Eliminations
     (25,954 )     (18,844 )     (50,202 )     (37,540 )
Consolidated Sales
   $ 307,769     $ 292,982     $ 587,773     $ 556,296  
                                 
Operating Income (Loss)
                                
Upholstery Group
   $ 20,993     $ 17,055     $ 32,118     $ 27,112  
Casegoods Group
     1,962       1,376       2,519       2,951  
Retail Group
     (2,683 )     (4,360 )      (6,061 )     (9,284 )
VIEs
     (204 )     (1,104 )      363       (2,712 )
Corporate and Other
     (7,820 )     (7,628 )      (13,218 )     (14,378 )
Consolidated Operating Income
   $ 12,248     $ 5,339     $ 15,721     $ 3,689