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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Apr. 24, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
We have goodwill on our consolidated balance sheet as follows:

Reportable Segment/UnitReporting UnitRelated Acquisition
Wholesale SegmentLa-Z-Boy United KingdomWholesale business in the United Kingdom and Ireland
Retail SegmentRetail
La-Z-Boy Furniture Galleries® stores
Corporate & Other SegmentJoybirdJoybird
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, 202011,630 93,941 55,446 161,017 
Acquisitions— 12,936 — 12,936 
Translation adjustment1,422 439 — 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 SegmentIntangible AssetUseful Life
Wholesale SegmentPrimarily 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 NamesFinite-Lived Trade NameIndefinite-Lived Reacquired RightsOther Intangible AssetsTotal 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 SegmentIntangible AssetUseful Life
Wholesale SegmentPrimarily 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 NamesFinite-Lived Trade NameIndefinite-Lived Reacquired RightsOther Intangible AssetsTotal 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