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Goodwill and Other Intangible Assets
3 Months Ended
Jul. 27, 2019
Goodwill and Other Intangible Assets  
Goodwill and Other Intangible Assets

Note 6: Goodwill and Other Intangible Assets

We have goodwill on our consolidated balance sheet as follows:

Reportable Segment/Unit

    

Related Acquisition

Upholstery segment

Acquisition of the wholesale business in the United Kingdom and Ireland

Retail segment

Acquisitions of La-Z-Boy Furniture Galleries® stores

Corporate & Other

Acquisition of Joybird

The following is a roll-forward of goodwill for the quarter ended July 27, 2019:

Upholstery

Retail

Corporate

Total

(Unaudited, amounts in thousands)

    

Segment

    

Segment

    

and Other

    

Goodwill

Balance at April 27, 2019

$

12,148

$

94,103

$

79,616

$

185,867

Acquisition adjustment

(769)

(769)

Translation adjustment

(500)

77

(423)

Balance at July 27, 2019

$

11,648

$

94,180

$

78,847

$

184,675

We have intangible assets on our consolidated balance sheet as follows:

Reportable Segment/Unit

    

Intangible Asset

    

Useful Life

Upholstery segment

Primarily acquired customer relationships from our acquisition of the wholesale business in the United Kingdom and Ireland

Amortizable over useful lives that do not exceed 15 years

Casegoods segment

American Drew® trade name

Indefinite-lived

Retail segment

Reacquired rights to own and operate La-Z-Boy Furniture Galleries® stores

Indefinite-lived

Corporate & Other

Joybird® trade name

Amortizable over eight-year useful life

The following is a roll-forward of our other intangible assets for the quarter ended July 27, 2019:

Indefinite-

Finite-

Indefinite-

Total

Lived

Lived

Lived

Other

Other

Trade

Trade

Reacquired

Intangible

Intangible

(Amounts in thousands)

    

Names

    

Names

    

Rights

    

Assets

    

Assets

Balance at April 27, 2019

$

1,155

$

5,801

$

20,117

$

2,834

$

29,907

Amortization

(200)

(55)

(255)

Translation adjustment

58

(115)

(57)

Balance at July 27, 2019

$

1,155

$

5,601

$

20,175

$

2,664

$

29,595