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Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Jan. 26, 2019
Accumulated Other Comprehensive Loss |
Activity in 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)
Components of non-controlling interest |
|  | 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 Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=84228862&loc=SL7669686-108580 + Details
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