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Accumulated Other Comprehensive Loss | 9 Months Ended
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Jan. 26, 2019
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 January 26, 2019, and January 27, 2018, is as follows:
|  |  |  |  | Change in |  |  |  |  |  |  |  |
|  |  |  |  | fair value |  | Unrealized |  | Net pension |  | Accumulated
|  |  |  |  | of cash |  | gain on |  | amortization |  | other
|  | Translation |  | flow |  | marketable |  | and net |  | comprehensive
(Unaudited, amounts in thousands) |  | adjustment |  | hedge |  | securities |  | actuarial loss |  | loss
Balance at October 27, 2018 |  | $ | (24) |  | $ | (24) |  | $ | (197) |  | $ | (28,084) |  | $ | (28,329)
Changes before reclassifications |  |  | 800 |  |  | — |  |  | 72 |  |  | — |  |  | 1,385
Amounts reclassified to net income |  |  | — |  |  | 93 |  |  | 48 |  |  | 687 |  |  | 315
Tax effect |  |  | — |  |  | (23) |  |  | (30) |  |  | (172) |  |  | (225)
Other comprehensive income attributable to La-Z- Boy Incorporated |  |  | 800 |  |  | 70 |  |  | 90 |  |  | 515 |  |  | 1,475
Balance at January 26, 2019 |  | $ | 776 |  | $ | 46 |  | $ | (107) |  | $ | (27,569) |  | $ | (26,854)
|  |  |  |  | Change in |  |  |  |  |  |  |  |  |
|  |  |  |  | fair value |  | Unrealized |  | Net pension |  | Accumulated
|  |  |  |  | of cash |  | gain on |  | amortization |  | other
|  | Translation |  | flow |  | marketable |  | and net |  | comprehensive
(Unaudited, amounts in thousands) |  | adjustment |  | hedge |  | securities |  | actuarial loss |  | loss
Balance at October 28, 2017 |  | $ | 737 |  | $ | (189) |  | $ | 1,689 |  | $ | (32,748) |  | $ | (30,511)
Changes before reclassifications |  |  | 2,896 |  |  | 495 |  |  | 671 |  |  | — |  |  | 4,062
Amounts reclassified to net income |  |  | — |  |  | 22 |  |  | (585) |  |  | 835 |  |  | 272
Tax effect |  |  | — |  |  | (72) |  |  | 23 |  |  | (283) |  |  | (332)
Other comprehensive income attributable to La-Z- Boy Incorporated |  |  | 2,896 |  |  | 445 |  |  | 109 |  |  | 552 |  |  | 4,002
Balance at January 27, 2018 |  | $ | 3,633 |  | $ | 256 |  | $ | 1,798 |  | $ | (32,196) |  | $ | (26,509)
The activity in accumulated other comprehensive loss for the nine months ended January 26, 2019, and January 27, 2018, 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 |  |  | (1,612) |  |  | (369) |  |  | 175 |  |  | — |  |  | (1,293)
Cumulative effect adjustment for investments (1) |  |  | — |  |  | — |  |  | (1,637) |  |  | — |  |  | (1,637)
Amounts reclassified to net income |  |  | — |  |  | 225 |  |  | 29 |  |  | 2,059 |  |  | 1,800
Tax effect |  |  | — |  |  | 36 |  |  | (50) |  |  | (511) |  |  | (525)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  |  | (1,612) |  |  | (108) |  |  | (1,483) |  |  | 1,548 |  |  | (1,655)
Balance at January 26, 2019 |  | $ | 776 |  | $ | 46 |  | $ | (107) |  | $ | (27,569) |  | $ | (26,854)
| (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).
|  |  |  |  | Change in |  |  |  |  | Net pension |  |  |
|  |  |  |  | fair value |  | Unrealized |  | amortization |  | Accumulated
|  |  |  |  | of cash |  | gain on |  | and net |  | other
|  | Translation |  | flow |  | marketable |  | actuarial |  | comprehensive
(Unaudited, amounts in thousands) |  | adjustment |  | hedge |  | securities |  | loss |  | loss
Balance at April 29, 2017 |  | $ | (927) |  | $ | 74 |  | $ | 1,752 |  | $ | (33,782) |  | $ | (32,883)
Changes before reclassifications |  |  | 4,560 |  |  | 256 |  |  | 1,409 |  |  | — |  |  | 6,225
Amounts reclassified to net income |  |  | — |  |  | (164) |  |  | (1,425) |  |  | 2,506 |  |  | 917
Tax effect |  |  | — |  |  | 90 |  |  | 62 |  |  | (920) |  |  | (768)
Other comprehensive income attributable to La-Z-Boy Incorporated |  |  | 4,560 |  |  | 182 |  |  | 46 |  |  | 1,586 |  |  | 6,374
Balance at January 27, 2018 |  | $ | 3,633 |  | $ | 256 |  | $ | 1,798 |  | $ | (32,196) |  | $ | (26,509)
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 nine months ended January 26, 2019, and January 27, 2018, were as follows:
|  | Quarter Ended |  | Nine Months Ended
(Unaudited, amounts in thousands) |  | 1/26/2019 |  | 1/27/2018 |  | 1/26/2019 |  | 1/27/2018
Balance as of the beginning of the period |  | $ | 13,411 |  | $ | 12,094 |  | $ | 13,035 |  | $ | 11,186
Net income |  |  | 443 |  |  | 176 |  |  | 1,428 |  |  | 579
Other comprehensive income |  |  | 669 |  |  | 689 |  |  | 60 |  |  | 1,194
Balance as of the end of the period |  | $ | 14,523 |  | $ | 12,959 |  | $ | 14,523 |  | $ | 12,959

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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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