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Accumulated Other Comprehensive Loss
 12 Months Ended
Apr. 25, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
Activity in accumulated other comprehensive loss was as follows:
(Amounts in thousands)
 
Translation adjustment
 
Change in fair value of cash flow hedge
 
Unrealized gain (loss) on marketable securities
 
Net pension amortization and net actuarial loss
 
Accumulated other comprehensive loss
Balance at April 29, 2017
 
$
(927
)
 
$
74

 
$
1,752

 
$
(33,782
)
 
$
(32,883
)
Changes before reclassifications
 
3,315

 
164

 
844

 
3,257

 
7,580

Amounts reclassified to net income
 
—

 
(208
)
 
(1,420
)
 
3,341

 
1,713

Tax effect
 
—

 
124

 
200

 
(1,933
)
 
(1,609
)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated
 
3,315

 
80

 
(376
)
 
4,665

 
7,684

Balance at April 28, 2018
 
$
2,388

 
$
154

 
$
1,376

 
$
(29,117
)
 
$
(25,199
)
Changes before reclassifications
 
(2,338
)
 
(369
)
 
330

 
(479
)
 
(2,856
)
Cumulative effect adjustment for investments (1)
 
—

 
—

 
(1,637
)
 
—

 
(1,637
)
Amounts reclassified to net income (2)
 
—

 
280

 
25

 
26,553

 
26,858

Tax effect
 
—

 
22

 
(88
)
 
(562
)
 
(628
)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated
 
(2,338
)
 
(67
)
 
(1,370
)
 
25,512

 
21,737

Balance at April 27, 2019
 
$
50

 
$
87

 
$
6

 
$
(3,605
)
 
$
(3,462
)
Changes before reclassifications
 
(1,941
)
 
—

 
387

 
(1,809
)
 
(3,363
)
Reclassification of certain income tax effects (3)
 
—

 
(97
)
 
258

 
(708
)
 
(547
)
Amounts reclassified to net income
 
—

 
14

 
(141
)
 
218

 
91

Tax effect
 
—

 
(4
)
 
(61
)
 
394

 
329

Other comprehensive income (loss) attributable to La-Z-Boy Incorporated
 
(1,941
)
 
(87
)
 
443

 
(1,905
)
 
(3,490
)
Balance at April 25, 2020
 
$
(1,891
)
 
$
—

 
$
449

 
$
(5,510
)
 
$
(6,952
)
(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 ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10).
(2)
Includes a net $23.8 million charge related to the pension termination that occurred in the fourth quarter of fiscal 2019. Of this amount, $28.2 million of expense was recorded as pension termination charge and $4.4 million of income was recorded in income tax expense in our consolidated statement of income. For further information, refer to Note 11, Employee Benefits.
(3)
Income tax effects of the Tax Cuts and Jobs Act are reclassified from AOCI to retained earnings due to adoption of ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220).
We reclassified the unrealized gain/(loss) on marketable securities from accumulated other comprehensive loss to net income through other expense, net, 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 expense, net.
The components of noncontrolling interest were as follows:
 
 
Fiscal Year Ended
 
 
(52 weeks)
 
(52 weeks)
 
(52 weeks)
(Amounts in thousands)
 
4/25/2020
 
4/27/2019
 
4/28/2018
Balance as of the beginning of the year
 
$
14,468

 
$
13,035

 
$
11,186

Net income
 
1,515

 
1,567

 
729

Other comprehensive income (loss)
 
(266
)
 
(134
)
 
1,120

Change in noncontrolling interests
 
(164
)
 
—

 
—

Balance as of the end of the year
 
$
15,553

 
$
14,468

 
$
13,035