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Accumulated Other Comprehensive Loss | 3 Months Ended
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Jul. 27, 2019
Accumulated Other Comprehensive Loss |
Accumulated Other Comprehensive Loss | Note 11: Accumulated Other Comprehensive Loss ​ The activity in accumulated other comprehensive loss for the quarters ended July 27, 2019, and July 28, 2018, is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Change in | ​ | gain | ​ | 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 27, 2019 | ​ | $ | 50 | ​ | $ | 87 | ​ | $ | 6 | ​ | $ | (3,605) | ​ | $ | (3,462)
Changes before reclassifications | ​ |  | 128 | ​ |  | — | ​ |  | 143 | ​ |  | — | ​ |  | 271
Reclassification of certain income tax effects (1) | ​ | ​ | — | ​ | ​ | (97) | ​ | ​ | 258 | ​ | ​ | (708) | ​ | ​ | (547)
Amounts reclassified to net income | ​ | ​ | — | ​ |  | 5 | ​ |  | — | ​ |  | 55 | ​ |  | 60
Tax effect | ​ | ​ | — | ​ |  | (1) | ​ |  | (35) | ​ |  | (14) | ​ |  | (50)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated | ​ | ​ | 128 | ​ |  | (93) | ​ |  | 366 | ​ |  | (667) | ​ |  | (266)
Balance at July 27, 2019 | ​ | $ | 178 | ​ | $ | (6) | ​ | $ | 372 | ​ | $ | (4,272) | ​ | $ | (3,728)
​
| (1) | Income tax effects of the Tax Cuts and Jobs Act are reclassified from AOCI to retained earnings due to adoption of ASU 2018-02.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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 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 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. 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).
​ 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 quarters ended July 27, 2019, and July 28, 2018, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
(Unaudited, amounts in thousands) |  | 7/27/19 |  | 7/28/18
Balance as of the beginning of the period | ​ | $ | 14,468 | ​ | $ | 13,035
Net income | ​ |  | (81) | ​ |  | 648
Other comprehensive income | ​ |  | 486 | ​ |  | (1,228)
Balance as of the end of the period | ​ | $ | 14,873 | ​ | $ | 12,455
​

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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