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Goodwill and Other Intangible Assets | 12 Months Ended
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Apr. 26, 2014
Goodwill and Other Intangible Assets [Abstract] |
Goodwill and Other Intangible Assets | Note 8: Goodwill and Other Intangible Assets During fiscal 2014, we acquired the assets of two independent La-Z-Boy Furniture Galleries® dealers in exchange for those dealers’ net notes and accounts receivable. As a result of these acquisitions we reacquired the right to own and operate La-Z-Boy Furniture Galleries® stores in those markets. We recorded an indefinite-lived intangible asset of $1.1 million in our Retail segment related to these reacquired rights, and goodwill of $1.1 million. See Note 2 for additional information. Key assumptions used in the assessment of our goodwill were a discount rate of 12.2% and a terminal growth rate of 2%. The relative fair value of our goodwill significantly exceeds the carrying value as of April 26, 2014. All of our goodwill relates to our Retail segment. The following is a roll-forward of goodwill for the fiscal years ended April 26, 2014, and April 27, 2013:
(Amounts in thousands) |  | Goodwill |
Balance at April 28, 2012 |  | $ | — |
Acquisitions |  |  | 12,837 |
Balance at April 27, 2013 |  |  | 12,837 |
Acquisitions |  |  | 1,086 |
Balance at April 26, 2014 |  | $ | 13,923 |
The following is a roll-forward of other intangible assets for the fiscal years ended April 26, 2014, and April 27, 2013:
(Amounts in thousands) |  | Tradenames |  |  | Reacquired Rights |  |  | Total Other Intangible Assets |
Balance at April 28, 2012 |  | $ | 3,028 |  |  | $ | — |  |  | $ | 3,028 |
Acquisitions |  |  | — |  |  |  | 2,145 |  |  |  | 2,145 |
Impairment charges |  |  | (335 | ) |  |  | — |  |  |  | (335 | )
Balance at April 27, 2013 |  |  | 2,693 |  |  |  | 2,145 |  |  |  | 4,838 |
Acquisitions |  |  | — |  |  |  | 1,093 |  |  |  | 1,093 |
Restructuring |  |  | (1,265 | ) |  |  | — |  |  |  | (1,265 | )
Impairment charges |  |  | (122 | ) |  |  | — |  |  |  | (122 | )
Balance at April 26, 2014 |  | $ | 1,306 |  |  | $ | 3,238 |  |  | $ | 4,544 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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