Note 9: Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive loss for the quarter ended July 28, 2018, and July 29, 2017, is as follows:

(Unaudited, amounts in thousands)	Translation adjustment			Change in fair value of cash flow hedge			Unrealized gain (loss) on marketable securities			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at April 28, 2018	$	2,388		$	154		$	1,376		$	(29,117	)	$	(25,199	)
Changes before reclassifications	(2,961		)	(509		)	73			—			(3,397		)
Cumulative effect adjustment for investments (1)	—			—			(1,637		)	—			(1,637		)
Amounts reclassified to net income	—			67			(19		)	686			734
Tax effect	—			109			(13		)	(170		)	(74		)

Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(2,961		)	(333		)	(1,596		)	516			(4,374		)

Balance at July 28, 2018	$	(573	)	$	(179	)	$	(220	)	$	(28,601	)	$	(29,573	)

(1)

The cumulative effect adjustment for investments is composed of $2.1 million of unrealized gains on equity investments offset by $0.5 million of tax expense. The net $1.6 million of cumulative effect adjustment was reclassed from accumulated other comprehensive loss to retained earnings as a result of adoption of Accounting Standards Update 2016-01 (see Note 1 for further information).

(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 29, 2017	$	(927	)	$	74		$	1,752		$	(33,782	)	$	(32,883	)
Changes before reclassifications	1,911			855			394			—			3,160
Amounts reclassified to net income	—			(83		)	(832		)	835			(80		)
Tax effect	—			(294		)	167			(318		)	(445		)

Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	1,911			478			(271		)	517			2,635

Balance at July 29, 2017	$	984		$	552		$	1,481		$	(33,265	)	$	(30,248	)

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 other income (expense), net.

The components of non-controlling interest for the quarter ended July 28, 2018, and July 29, 2017, were as follows:

	Quarter Ended
(Unaudited, amounts in thousands)	7/28/18			7/29/17
Balance as of the beginning of the period	$	13,035		$	11,186
Net income	648			93
Other comprehensive income (loss)	(1,228		)	405

Balance as of the end of the period	$	12,455		$	11,684