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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Apr. 25, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
We have goodwill on our consolidated balance sheet as follows:
Reportable Segment
 
Reporting Unit
 
Related Acquisition
Upholstery Segment
 
La-Z-Boy United Kingdom
 
Wholesale business in the United Kingdom and Ireland
Retail Segment
 
Retail
 
La-Z-Boy Furniture Galleries® stores
Corporate & Other Segment
 
Joybird
 
Joybird

The following table summarizes changes in the carrying amount of our goodwill by reportable segment:
(Amounts in thousands)
 
Upholstery
Segment
 
Retail
Segment
 
Corporate
and Other
 
Total
Goodwill
Balance at April 28, 2018
 
$
12,967

 
$
62,287

 
$

 
$
75,254

Acquisitions
 

 
31,987

 
79,616

 
111,603

Translation adjustment
 
(819
)
 
(171
)
 

 
(990
)
Balance at April 27, 2019
 
12,148

 
94,103

 
79,616

 
185,867

Prior period adjustment (1)
 

 

 
2,692

 
2,692

Impairment charge
 

 

 
(26,862
)
 
(26,862
)
Translation adjustment
 
(518
)
 
(162
)
 

 
(680
)
Balance at April 25, 2020
 
$
11,630

 
$
93,941

 
$
55,446

 
$
161,017


(1)
Includes $3.5 million adjustment made during the fourth quarter of fiscal 2020, as we determined that both goodwill and the customer deposit liability were understated, partially offset by a $0.8 million working capital adjustment made in the first quarter of fiscal 2020.

Schedule of Indefinite-Lived Intangible Assets
We have intangible assets on our consolidated balance sheet as follows:
Reportable Segment
 
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 summarizes changes in our intangible assets:
(Amounts in thousands)
 
Indefinite-Lived Trade Names
 
Finite-Lived Trade Name
 
Indefinite-Lived Reacquired Rights
 
Other Intangible Assets
 
Total Intangible Assets
Balance at April 28, 2018
 
$
1,155

 
$

 
$
13,645

 
$
3,390

 
$
18,190

Acquisitions
 

 
6,400

 
6,600

 

 
13,000

Amortization
 

 
(599
)
 

 
(346
)
 
(945
)
Translation adjustment
 

 

 
(128
)
 
(210
)
 
(338
)
Balance at April 27, 2019
 
$
1,155

 
$
5,801

 
$
20,117

 
$
2,834

 
$
29,907

Amortization
 

 
(798
)
 

 
(220
)
 
(1,018
)
Translation adjustment
 

 

 
(121
)
 
(115
)
 
(236
)
Balance at April 25, 2020
 
$
1,155

 
$
5,003

 
$
19,996

 
$
2,499

 
$
28,653



Schedule of Finite-Lived Intangible Assets
The following summarizes changes in our intangible assets:
(Amounts in thousands)
 
Indefinite-Lived Trade Names
 
Finite-Lived Trade Name
 
Indefinite-Lived Reacquired Rights
 
Other Intangible Assets
 
Total Intangible Assets
Balance at April 28, 2018
 
$
1,155

 
$

 
$
13,645

 
$
3,390

 
$
18,190

Acquisitions
 

 
6,400

 
6,600

 

 
13,000

Amortization
 

 
(599
)
 

 
(346
)
 
(945
)
Translation adjustment
 

 

 
(128
)
 
(210
)
 
(338
)
Balance at April 27, 2019
 
$
1,155

 
$
5,801

 
$
20,117

 
$
2,834

 
$
29,907

Amortization
 

 
(798
)
 

 
(220
)
 
(1,018
)
Translation adjustment
 

 

 
(121
)
 
(115
)
 
(236
)
Balance at April 25, 2020
 
$
1,155

 
$
5,003

 
$
19,996

 
$
2,499

 
$
28,653



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