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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Apr. 24, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | We have goodwill on our consolidated balance sheet as follows:
Reportable Segment/Unit |  | Reporting Unit |  | Related Acquisition
Wholesale 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) |  | Wholesale Segment |  | Retail Segment |  | Corporate and Other |  | Total Goodwill |  |
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 |  |  |
Acquisitions |  | — |  |  | 12,936 |  |  | — |  |  | 12,936 |  |  |
Translation adjustment |  | 1,422 |  |  | 439 |  |  | — |  |  | 1,861 |  |  |
Balance at April 24, 2021 |  | $ | 13,052 |  |  | $ | 107,316 |  |  | $ | 55,446 |  |  | $ | 175,814 |  |  |
(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
Wholesale 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
Wholesale 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 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 |
Acquisitions |  | — |  |  | — |  |  | 2,182 |  |  | — |  |  | 2,182 |
Amortization |  | — |  |  | (798) |  |  | — |  |  | (228) |  |  | (1,026) |
Translation adjustment |  | — |  |  | — |  |  | 329 |  |  | 293 |  |  | 622 |
Balance at April 24, 2021 |  | $ | 1,155 |  |  | $ | 4,205 |  |  | $ | 22,507 |  |  | $ | 2,564 |  |  | $ | 30,431 |
Schedule of Finite-Lived Intangible Assets | We have intangible assets on our consolidated balance sheet as follows:
Reportable Segment |  | Intangible Asset |  | Useful Life
Wholesale 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
Wholesale 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 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 |
Acquisitions |  | — |  |  | — |  |  | 2,182 |  |  | — |  |  | 2,182 |
Amortization |  | — |  |  | (798) |  |  | — |  |  | (228) |  |  | (1,026) |
Translation adjustment |  | — |  |  | — |  |  | 329 |  |  | 293 |  |  | 622 |
Balance at April 24, 2021 |  | $ | 1,155 |  |  | $ | 4,205 |  |  | $ | 22,507 |  |  | $ | 2,564 |  |  | $ | 30,431 |

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