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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Jan. 25, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | 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 nine months ended January 25, 2020:
(Unaudited, amounts in thousands) |  | Upholstery Segment |  | Retail Segment |  | Corporate and Other |  | Total Goodwill
Balance at April 27, 2019 |  | $ | 12,148 |  |  | $ | 94,103 |  |  | $ | 79,616 |  |  | $ | 185,867 |
Acquisition adjustment |  | — |  |  | — |  |  | (769 | ) |  | (769 | )
Translation adjustment |  | 148 |  |  | 82 |  |  | — |  |  | 230 |
Balance at January 25, 2020 |  | $ | 12,296 |  |  | $ | 94,185 |  |  | $ | 78,847 |  |  | $ | 185,328 |
Schedule of other intangible assets - Indefinite-lived | 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 nine months ended January 25, 2020:
(Unaudited, amounts in thousands) |  | Indefinite- Lived Trade Names |  | Finite- Lived Trade Name |  | Indefinite- Lived Reacquired Rights |  | Other Intangible Assets |  | Total Other Intangible Assets
Balance at April 27, 2019 |  | $ | 1,155 |  |  | $ | 5,801 |  |  | $ | 20,117 |  |  | $ | 2,834 |  |  | $ | 29,907 |
Amortization |  | — |  |  | (598 | ) |  | — |  |  | (165 | ) |  | (763 | )
Translation adjustment |  | — |  |  | — |  |  | 62 |  |  | 29 |  |  | 91 |
Balance at January 25, 2020 |  | $ | 1,155 |  |  | $ | 5,203 |  |  | $ | 20,179 |  |  | $ | 2,698 |  |  | $ | 29,235 |
Schedule of other intangible assets - Amortizable | 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 nine months ended January 25, 2020:
(Unaudited, amounts in thousands) |  | Indefinite- Lived Trade Names |  | Finite- Lived Trade Name |  | Indefinite- Lived Reacquired Rights |  | Other Intangible Assets |  | Total Other Intangible Assets
Balance at April 27, 2019 |  | $ | 1,155 |  |  | $ | 5,801 |  |  | $ | 20,117 |  |  | $ | 2,834 |  |  | $ | 29,907 |
Amortization |  | — |  |  | (598 | ) |  | — |  |  | (165 | ) |  | (763 | )
Translation adjustment |  | — |  |  | — |  |  | 62 |  |  | 29 |  |  | 91 |
Balance at January 25, 2020 |  | $ | 1,155 |  |  | $ | 5,203 |  |  | $ | 20,179 |  |  | $ | 2,698 |  |  | $ | 29,235 |
We test intangibles and goodwill for impairment on an annual basis in the fourth quarter of each fiscal year, and more frequently if events or changes in circumstances indicate that an asset might be impaired. Per the annual test performed in the fourth quarter of fiscal year 2019, the relative fair value of the Joybird reporting unit and the carrying value of our goodwill were not significantly different, which is to be expected given the short duration of time between the testing date and the Joybird acquisition date. Joybird, an e-commerce retailer, is an early stage business with an expectation of high growth. With all business acquisitions, primarily those in the early stage, the timing on fully leveraging synergies comes with uncertainty and as a result, valuation volatility may occur. Absent any impairment indicators, aligned with our annual testing during the fourth quarter of fiscal 2020, we will undertake a review of the Joybird business, which could result in an adjustment to the fair value of the intangible assets and goodwill related to Joybird.

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