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Accumulated Other Comprehensive Loss
12 Months Ended
Apr. 28, 2018
Accumulated Other Comprehensive Loss  
Accumulated Other Comprehensive Loss

 

Note 15: Accumulated Other Comprehensive Loss

 

The activity in accumulated other comprehensive loss for the fiscal years ended April 28, 2018, April 29, 2017, and April 30, 2016, were as follows:

 

(Amounts in thousands)

 

Translation
Adjustment

 

Change in 
Fair Value 
of Cash 
Flow 
Hedge

 

Unrealized 
Gain on 
Marketable 
Securities

 

Net Pension 
Amortization 
and Net 
Actuarial 
Gain (Loss)

 

Accumulated 
Other 
Comprehensive
Loss

 

Balance at April 25, 2015

 

$

1,517

 

$

(560

)

$

1,605

 

$

(34,701

)

$

(32,139

)

Changes before reclassifications

 

(1,962

)

(1,711

)

(447

)

(2,612

)

(6,732

)

Amounts reclassified to net income

 

 

2,154

 

(436

)

3,216

 

4,934

 

Tax effect

 

 

(169

)

336

 

(230

)

(63

)

 

 

 

 

 

 

 

 

 

 

 

 

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

 

(1,962

)

274

 

(547

)

374

 

(1,861

)

 

 

 

 

 

 

 

 

 

 

 

 

Balance at April 30, 2016

 

(445

)

(286

)

1,058

 

(34,327

)

(34,000

)

Changes before reclassifications

 

(482

)

(1,478

)

1,592

 

(2,410

)

(2,778

)

Amounts reclassified to net income

 

 

2,060

 

(471

)

3,290

 

4,879

 

Tax effect

 

 

(222

)

(427

)

(335

)

(984

)

 

 

 

 

 

 

 

 

 

 

 

 

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

 

(482

)

360

 

694

 

545

 

1,117

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at April 29, 2017

 

(927

)

74

 

1,752

 

(33,782

)

(32,883

)

Changes before reclassifications

 

3,315

 

164

 

844

 

3,257

 

7,580

 

Amounts reclassified to net income

 

 

(208

)

(1,420

)

3,341

 

1,713

 

Tax effect

 

 

124

 

200

 

(1,933

)

(1,609

)

 

 

 

 

 

 

 

 

 

 

 

 

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

 

3,315

 

80

 

(376

)

4,665

 

7,684

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at April 28, 2018

 

$

2,388

 

$

154

 

$

1,376

 

$

(29,117

)

$

(25,199

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We reclassified the unrealized gain/(loss) 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 at April 28, 2018, April 29, 2017, and April 30, 2016 were as follows:

 

(Amounts in thousands)

 

4/28/2018

 

4/29/2017

 

4/30/2016

 

Balance as of the beginning of the year

 

$

11,186

 

$

10,070

 

$

8,954

 

Net income

 

729

 

1,062

 

1,711

 

Other comprehensive income (loss)

 

1,120

 

54

 

(595

)

 

 

 

 

 

 

 

 

Balance as of the end of the year

 

$

13,035

 

$

11,186

 

$

10,070