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Accumulated Other Comprehensive Loss | 12 Months Ended
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Apr. 24, 2021
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 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 (3) |  | — |  |  | 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 (2) |  | — |  |  | (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) |
Changes before reclassifications |  | 4,932 |  |  | — |  |  | (96) |  |  | 428 |  |  | 5,264 |
Amounts reclassified to net income |  | — |  |  | — |  |  | (9) |  |  | 347 |  |  | 338 |
Tax effect |  | — |  |  | — |  |  | 26 |  |  | (197) |  |  | (171) |
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  | 4,932 |  |  | — |  |  | (79) |  |  | 578 |  |  | 5,431 |
Balance at April 24, 2021 |  | $ | 3,041 |  |  | $ | — |  |  | $ | 370 |  |  | $ | (4,932) |  |  | $ | (1,521) |
(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)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). (3)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. We reclassified the unrealized gain/(loss) on marketable securities from accumulated other comprehensive loss to net income through other income (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 income (expense), net. The components of noncontrolling interest were as follows:
|  | Fiscal Year Ended
|  | (52 weeks) |  | (52 weeks) |  | (52 weeks)
(Amounts in thousands) |  | 4/24/2021 |  | 4/25/2020 |  | 4/27/2019
Balance as of the beginning of the year |  | $ | 15,553 |  |  | $ | 14,468 |  |  | $ | 13,035 |
Net income |  | 1,068 |  |  | 1,515 |  |  | 1,567 |
Other comprehensive income (loss) |  | 534 |  |  | (266) |  |  | (134) |
Dividends distributed to joint venture minority partners |  | (8,507) |  |  | — |  |  | — |
Other changes in noncontrolling interests |  | — |  |  | (164) |  |  | — |
Balance as of the end of the year |  | $ | 8,648 |  |  | $ | 15,553 |  |  | $ | 14,468 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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