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Accumulated Other Comprehensive Loss (Tables) | 12 Months Ended
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Apr. 24, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Activity in 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.
Components of Noncontrolling Interest | 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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