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Accumulated Other Comprehensive Loss | 6 Months Ended
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Oct. 27, 2018
Accumulated Other Comprehensive Loss |
Accumulated Other Comprehensive Loss | Note 10: Accumulated Other Comprehensive Loss The activity in accumulated other comprehensive loss for the quarter ended October 27, 2018, and October 28, 2017, is as follows:
|  |  |  |  |  |  |  |  |  |  | Net pension |  |  |
|  |  |  |  | Change in |  | Unrealized |  | amortization |  | Accumulated
|  |  |  |  | fair value |  | gain on |  | and net |  | other
|  | Translation |  | of cash |  | marketable |  | actuarial |  | comprehensive
(Unaudited, amounts in thousands) |  | adjustment |  | flow hedge |  | securities |  | loss |  | loss
Balance at July 28, 2018 |  | $ | (573) |  | $ | (179) |  | $ | (220) |  | $ | (28,601) |  | $ | (29,573)
Changes before reclassifications |  |  | 549 |  |  | 140 |  |  | 30 |  |  | — |  |  | 719
Amounts reclassified to net income |  |  | — |  |  | 65 |  |  | — |  |  | 686 |  |  | 751
Tax effect |  |  | — |  |  | (50) |  |  | (7) |  |  | (169) |  |  | (226)
Other comprehensive income attributable to La-Z- Boy Incorporated |  |  | 549 |  |  | 155 |  |  | 23 |  |  | 517 |  |  | 1,244
Balance at October 27, 2018 |  | $ | (24) |  | $ | (24) |  | $ | (197) |  | $ | (28,084) |  | $ | (28,329)
|  |  |  |  |  |  |  |  |  |  | Net pension |  |  |
|  |  |  |  | Change in |  | Unrealized |  | amortization |  | Accumulated
|  |  |  |  | fair value |  | gain on |  | and net |  | other
|  | Translation |  | of cash |  | marketable |  | actuarial |  | comprehensive
(Unaudited, amounts in thousands) |  | adjustment |  | flow hedge |  | securities |  | loss |  | loss
Balance at July 29, 2017 |  | $ | 984 |  | $ | 552 |  | $ | 1,481 |  | $ | (33,265) |  | $ | (30,248)
Changes before reclassifications |  |  | (247) |  |  | (1,094) |  |  | 344 |  |  | — |  |  | (997)
Amounts reclassified to net income |  |  | — |  |  | (103) |  |  | (8) |  |  | 836 |  |  | 725
Tax effect |  |  | — |  |  | 456 |  |  | (128) |  |  | (319) |  |  | 9
Other comprehensive income (loss) attributable to La-Z- Boy Incorporated |  |  | (247) |  |  | (741) |  |  | 208 |  |  | 517 |  |  | (263)
Balance at October 28, 2017 |  | $ | 737 |  | $ | (189) |  | $ | 1,689 |  | $ | (32,748) |  | $ | (30,511)
The activity in accumulated other comprehensive loss for the six months ended October 27, 2018, and October 28, 2017, is as follows:
|  |  |  |  |  |  |  | Unrealized |  |  |  |  |  |
|  |  |  |  | Change in |  | gain (loss) |  | Net pension |  | Accumulated
|  |  |  |  | fair value |  | on |  | amortization |  | other
|  | Translation |  | of cash |  | marketable |  | and net |  | comprehensive
(Unaudited, amounts in thousands) |  | adjustment |  | flow hedge |  | securities |  | actuarial loss |  | loss
Balance at April 28, 2018 |  | $ | 2,388 |  | $ | 154 |  | $ | 1,376 |  | $ | (29,117) |  | $ | (25,199)
Changes before reclassifications |  |  | (2,412) |  |  | (369) |  |  | 103 |  |  | — |  |  | (2,678)
Cumulative effect adjustment for investments (1) |  |  | — |  |  | — |  |  | (1,637) |  |  | — |  |  | (1,637)
Amounts reclassified to net income |  |  | — |  |  | 132 |  |  | (19) |  |  | 1,372 |  |  | 1,485
Tax effect |  |  | — |  |  | 59 |  |  | (20) |  |  | (339) |  |  | (300)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  |  | (2,412) |  |  | (178) |  |  | (1,573) |  |  | 1,033 |  |  | (3,130)
Balance at October 27, 2018 |  | $ | (24) |  | $ | (24) |  | $ | (197) |  | $ | (28,084) |  | $ | (28,329)
(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. We reclassified the net $1.6 million of cumulative effect adjustment from accumulated other comprehensive loss to retained earnings as a result of adopting Accounting Standards Update 2016-01 (see Note 1 for further information).
|  |  |  |  |  |  |  |  |  |  | Net pension |  |  |
|  |  |  |  | Change in |  | Unrealized |  | amortization |  | Accumulated
|  |  |  |  | fair value |  | gain on |  | and net |  | other
|  | Translation |  | of cash |  | marketable |  | actuarial |  | comprehensive
(Unaudited, amounts in thousands) |  | adjustment |  | flow hedge |  | securities |  | loss |  | loss
Balance at April 29, 2017 |  | $ | (927) |  | $ | 74 |  | $ | 1,752 |  | $ | (33,782) |  | $ | (32,883)
Changes before reclassifications |  |  | 1,664 |  |  | (239) |  |  | 738 |  |  | — |  |  | 2,163
Amounts reclassified to net income |  |  | — |  |  | (186) |  |  | (840) |  |  | 1,671 |  |  | 645
Tax effect |  |  | — |  |  | 162 |  |  | 39 |  |  | (637) |  |  | (436)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  |  | 1,664 |  |  | (263) |  |  | (63) |  |  | 1,034 |  |  | 2,372
Balance at October 28, 2017 |  | $ | 737 |  | $ | (189) |  | $ | 1,689 |  | $ | (32,748) |  | $ | (30,511)
We reclassified the unrealized gain/(loss) on marketable securities from accumulated other comprehensive loss to net income through other income (expense), net 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 and six months ended October 27, 2018, and October 28, 2017, were as follows:
|  | Quarter Ended |  | Six Months Ended
(Unaudited, amounts in thousands) |  | 10/27/18 |  | 10/28/17 |  | 10/27/18 |  | 10/28/17
Balance as of the beginning of the period |  | $ | 12,455 |  | $ | 11,684 |  | $ | 13,035 |  | $ | 11,186
Net income |  |  | 337 |  |  | 310 |  |  | 985 |  |  | 403
Other comprehensive income (loss) |  |  | 619 |  |  | 100 |  |  | (609) |  |  | 505
Balance as of the end of the period |  | $ | 13,411 |  | $ | 12,094 |  | $ | 13,411 |  | $ | 12,094

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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