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Goodwill and Other Intangible Assets | 9 Months Ended
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Jan. 25, 2014
Goodwill and Other Intangible Assets [Abstract] |
Goodwill and Other Intangible Assets | Note 5: Goodwill and Other Intangible Assets During the second quarter of fiscal 2014, we acquired the assets of one independent La-Z-Boy Furniture Galleries® dealer in exchange for that dealer’s net notes and accounts receivable, valued at $1.6 million. As a result of the acquisition we reacquired the right to own and operate La-Z-Boy Furniture Galleries® stores in that market. We recorded an indefinite-lived intangible asset of $0.6 million in our Retail segment related to this reacquired right. During the third quarter of fiscal 2014, we acquired the assets of one independent La-Z-Boy Furniture Galleries® dealer in exchange for that dealer’s net notes and accounts receivable, valued at $1.4 million, and a cash payment to the dealer of $0.8 million. As a result of the acquisition we reacquired the right to own and operate La-Z-Boy Furniture Galleries® stores in that market. We recorded an indefinite-lived intangible asset of $0.5 million in our Retail segment related to this reacquired right, and goodwill of $1.1 million. The following is a roll-forward of goodwill for the nine months ended January 25, 2014:
Goodwill (Unaudited, amounts in thousands) |  | Goodwill |
Balance at April 27, 2013 |  | $ | 12,837 |
Acquisitions during fiscal 2014 |  |  | 1,086 |
Balance at January 25, 2014 |  | $ | 13,923 |
The following is a roll-forward of other intangible assets for the nine months ended January 25, 2014:
Other Intangible Assets (Unaudited, amounts in thousands) |  | Tradenames |  |  | Reacquired Rights |  |  | Total Other Intangible Assets |
Balance at April 27, 2013 |  | $ | 2,693 |  |  | $ | 2,145 |  |  | $ | 4,838 |
Acquisitions during fiscal 2014 |  |  | — |  |  |  | 1,093 |  |  |  | 1,093 |
Balance at January 25, 2014 |  | $ | 2,693 |  |  | $ | 3,238 |  |  | $ | 5,931 |

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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=7658586&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=7658586&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=7658586&loc=d3e16265-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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