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Accumulated Other Comprehensive Loss
 6 Months Ended
Oct. 29, 2016
Accumulated Other Comprehensive Loss  
Accumulated Other Comprehensive Loss

 

Note 8: Accumulated Other Comprehensive Loss

 

The activity in accumulated other comprehensive loss for the quarter ended October 29, 2016, and October  24, 2015, is as follows:

 

(Unaudited, amounts in thousands)

 

Translation
adjustment

 

Change in
fair value

of cash
flow hedge

 

Unrealized
gain on
marketable
securities

 

Net pension
amortization
and net
actuarial
loss

 

Accumulated
other
comprehensive
loss

 

Balance at July 30, 2016

 

$
(485

)

$
(761

)

$
1,263

 

$
(33,818

)

$
(33,801

)

Changes before reclassifications

 
(188

)
(200

)
(226

)

—

 
(614

)

Amounts reclassified to net income

 

—

 
424

 
(14

)
823

 
1,233

 

Tax effect

 

—

 
(85

)
91

 
(314

)
(308

)

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) attributable to La-Z-Boy Incorporated

 
(188

)
139

 
(149

)
509

 
311

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at October 29, 2016

 

$
(673

)

$
(622

)

$
1,114

 

$
(33,309

)

$
(33,490

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Unaudited, amounts in thousands)

 

Translation
adjustment

 

Change in
fair value
of cash
flow hedge

 

Unrealized
gain on
marketable
securities

 

Net pension
amortization
and net
actuarial
loss

 

Accumulated
other
comprehensive
loss

 

Balance at July 25, 2015

 

$
(697

)

$
(757

)

$
1,328

 

$
(34,213

)

$
(34,339

)

Changes before reclassifications

 
(274

)
(269

)
(65

)

—

 
(608

)

Amounts reclassified to net income

 

—

 
645

 
6

 
788

 
1,439

 

Tax effect

 

—

 
(144

)
23

 
(300

)
(421

)

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) attributable to La-Z-Boy Incorporated

 
(274

)
232

 
(36

)
488

 
410

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at October 24, 2015

 

$
(971

)

$
(525

)

$
1,292

 

$
(33,725

)

$
(33,929

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The activity in accumulated other comprehensive loss for the six months ended October 29, 2016, and October  24, 2015, is as follows:

 

(Unaudited, amounts in thousands)

 

Translation
adjustment

 

Change in
fair value
of cash
flow hedge

 

Unrealized
gain on
marketable
securities

 

Net pension
amortization
and net
actuarial
loss

 

Accumulated
other
comprehensive
loss

 

Balance at April 30, 2016

 

$
(445

)

$
(286

)

$
1,058

 

$
(34,327

)

$
(34,000

)

Changes before reclassifications

 
(228

)
(1,479

)
100

 

—

 
(1,607

)

Amounts reclassified to net income

 

—

 
936

 
(9

)
1,645

 
2,572

 

Tax effect

 

—

 
207

 
(35

)
(627

)
(455

)

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) attributable to La-Z-Boy Incorporated

 
(228

)
(336

)
56

 
1,018

 
510

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at October 29, 2016

 

$
(673

)

$
(622

)

$
1,114

 

$
(33,309

)

$
(33,490

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Unaudited, amounts in thousands)

 

Translation
adjustment

 

Change in
fair value
of cash
flow hedge

 

Unrealized
gain on
marketable
securities

 

Net pension
amortization
and net
actuarial
loss

 

Accumulated
other
comprehensive
loss

 

Balance at April 25, 2015

 

$
1,517

 

$
(560

)

$
1,605

 

$
(34,701

)

$
(32,139

)

Changes before reclassifications

 
(2,488

)
(1,055

)
(341

)

—

 
(3,884

)

Amounts reclassified to net income

 

—

 
1,112

 
(165

)
1,577

 
2,524

 

Tax effect

 

—

 
(22

)
193

 
(601

)
(430

)

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) attributable to La-Z-Boy Incorporated

 
(2,488

)
35

 
(313

)
976

 
(1,790

)

 

 

 

 

 

 

 

 

 

 

 

 

Balance at October 24, 2015

 

$
(971

)

$
(525

)

$
1,292

 

$
(33,725

)

$
(33,929

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We reclassified the unrealized gain on marketable securities from accumulated other comprehensive loss to net income through other income in our consolidated statement of income, reclassified the change in fair value of cash flow hedges to net income through cost of sales, and reclassified the net pension amortization to net income through selling, general and administrative expense.

 

The components of non-controlling interest for the quarter and six months ended October 29, 2016, and October 24, 2015, were as follows:

 

 

 

Quarter Ended

 

Six Months Ended

 

(Unaudited, amounts in thousands)

 

10/29/16

 

10/24/15

 

10/29/16

 

10/24/15

 

Balance as of the beginning of the period

 

$
10,244

 

$
8,770

 

$
10,070

 

$
8,954

 

Net income

 
272

 
707

 
474

 
1,154

 

Other comprehensive loss

 
(73

)
(159

)
(101

)
(790

)

 

 

 

 

 

 

 

 

 

 

Balance as of the end of the period

 

$
10,443

 

$
9,318

 

$
10,443

 

$
9,318