XML 81 R46.htm IDEA: XBRL DOCUMENT v3.20.1
Segment Information (Tables)
 12 Months Ended
Apr. 25, 2020
Segment Reporting [Abstract]  
Schedule of Operating Income (Loss) by Segment
The following table presents sales and operating income (loss) by segment:
 
 
Fiscal Year Ended
 
 
(52 weeks)
 
(52 weeks)
 
(52 weeks)
(Amounts in thousands)
 
4/25/2020
 
4/27/2019
 
4/28/2018
Sales
 
 
 
 
 
 
Upholstery segment:
 
 
 
 
 
 
Sales to external customers
 
$
941,228

 
$
1,016,957

 
$
1,010,097

Intersegment sales
 
263,031

 
251,285

 
217,266

Upholstery segment sales
 
1,204,259

 
1,268,242

 
1,227,363

 
 
 
 
 
 
 
Casegoods segment:
 
 
 
 
 
 
Sales to external customers
 
85,402

 
95,677

 
95,919

Intersegment sales
 
20,633

 
18,796

 
15,474

Casegoods segment sales
 
106,035

 
114,473

 
111,393

 
 
 
 
 
 
 
Retail segment sales
 
598,554

 
570,201

 
474,613

 
 
 
 
 
 
 
Corporate and Other:
 
 
 
 
 
 
Sales to external customers
 
78,798

 
62,566

 
3,318

Intersegment sales
 
10,294

 
11,446

 
9,421

Corporate and Other sales
 
89,092

 
74,012

 
12,739

 
 
 
 
 
 
 
Eliminations
 
(293,958
)
 
(281,527
)
 
(242,161
)
Consolidated sales
 
$
1,703,982

 
$
1,745,401

 
$
1,583,947

 
 
 
 
 
 
 
Operating Income (Loss)
 
 
 
 
 
 
Upholstery segment
 
$
134,691

 
$
127,906

 
$
130,349

Casegoods segment
 
7,749

 
12,589

 
11,641

Retail segment
 
48,256

 
37,922

 
20,709

Corporate and Other
 
(71,934
)
 
(48,743
)
 
(33,330
)
Consolidated operating income
 
118,762

 
129,674

 
129,369

Interest expense
 
(1,291
)
 
(1,542
)
 
(538
)
Interest income
 
2,785

 
2,103

 
1,709

Pension termination refund (charge)
 
1,900

 
(32,671
)
 
—

Other expense, net
 
(6,983
)
 
(2,237
)
 
(1,650
)
Income before income taxes
 
$
115,173

 
$
95,327

 
$
128,890
Schedule of Additional Financial Information by Segment
The following tables present additional financial information by segment and location.
 
 
Fiscal Year Ended
 
 
(52 weeks)
 
(52 weeks)
 
(52 weeks)
(Amounts in thousands)
 
4/25/20
 
4/27/19
 
4/28/18
Depreciation and Amortization
 
 
 
 
 
 
Upholstery segment
 
$
16,398

 
$
16,122

 
$
15,823

Casegoods segment
 
1,214

 
1,143

 
993

Retail segment
 
4,271

 
4,007

 
3,758

Corporate and Other
 
9,309

 
9,875

 
11,193

Consolidated depreciation and amortization
 
$
31,192

 
$
31,147

 
$
31,767

 
 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
 
Upholstery segment
 
$
35,850

 
$
37,114

 
$
30,049

Casegoods segment
 
752

 
1,949

 
711

Retail segment
 
7,597

 
4,604

 
3,377

Corporate and Other
 
1,836

 
4,766

 
2,200

Consolidated capital expenditures
 
$
46,035

 
$
48,433

 
$
36,337

 
 
 
 
 
 
 
Sales by Country
 
 
 
 
 
 
United States
 
89
%
 
89
%
 
87
%
Canada
 
6
%
 
6
%
 
7
%
Other
 
5
%
 
5
%
 
6
%
Total
 
100
%
 
100
%
 
100
%
(Amounts in thousands)
 
4/25/20
 
4/27/19
Assets
 
 
 
 
Upholstery segment
 
$
479,744

 
$
398,469

Casegoods segment
 
51,551

 
55,295

Retail segment
 
495,970

 
210,863

Unallocated assets
 
407,624

 
395,163

Consolidated assets
 
$
1,434,889

 
$
1,059,790

 
 
 
 
 
Long-Lived Assets by Geographic Location
 
 
 
 
Domestic
 
$
662,623

 
$
389,892

International
 
48,852

 
27,529

Consolidated long-lived assets
 
$
711,475

 
$
417,421