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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Jan. 23, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The activity in accumulated other comprehensive income (loss) for the quarters ended January 23, 2021, and January 25, 2020, is as follows:
(Unaudited, 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 income (loss)
Balance at October 24, 2020 |  | $ | 997 |  |  | $ | — |  |  | $ | 426 |  |  | $ | (5,380) |  |  | $ | (3,957) |
Changes before reclassifications |  | 1,924 |  |  | — |  |  | (27) |  |  | — |  |  | 1,897 |
Amounts reclassified to net income |  | — |  |  | — |  |  | 9 |  |  | 86 |  |  | 95 |
Tax effect |  | — |  |  | — |  |  | 4 |  |  | (21) |  |  | (17) |
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  | 1,924 |  |  | — |  |  | (14) |  |  | 65 |  |  | 1,975 |
Balance at January 23, 2021 |  | $ | 2,921 |  |  | $ | — |  |  | $ | 412 |  |  | $ | (5,315) |  |  | $ | (1,982) |
Balance at October 26, 2019 |  | $ | 1,345 |  |  | $ | — |  |  | $ | 418 |  |  | $ | (4,231) |  |  | $ | (2,468) |
Changes before reclassifications |  | 50 |  |  | — |  |  | 41 |  |  | — |  |  | 91 |
Amounts reclassified to net income |  | — |  |  | — |  |  | (20) |  |  | 55 |  |  | 35 |
Tax effect |  | — |  |  | — |  |  | (5) |  |  | (14) |  |  | (19) |
Other comprehensive income attributable to La-Z-Boy Incorporated |  | 50 |  |  | — |  |  | 16 |  |  | 41 |  |  | 107 |
Balance at January 25, 2020 |  | $ | 1,395 |  |  | $ | — |  |  | $ | 434 |  |  | $ | (4,190) |  |  | $ | (2,361) |
The activity in accumulated other comprehensive income (loss) for the nine months ended January 23, 2021, and January 25, 2020, is as follows:
(Unaudited, 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 income (loss)
Balance at April 25, 2020 |  | $ | (1,891) |  |  | $ | — |  |  | $ | 449 |  |  | $ | (5,510) |  |  | $ | (6,952) |
Changes before reclassifications |  | 4,812 |  |  | — |  |  | (11) |  |  | — |  |  | 4,801 |
Amounts reclassified to net income |  | — |  |  | — |  |  | (38) |  |  | 259 |  |  | 221 |
Tax effect |  | — |  |  | — |  |  | 12 |  |  | (64) |  |  | (52) |
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  | 4,812 |  |  | — |  |  | (37) |  |  | 195 |  |  | 4,970 |
Balance at January 23, 2021 |  | $ | 2,921 |  |  | $ | — |  |  | $ | 412 |  |  | $ | (5,315) |  |  | $ | (1,982) |
Balance at April 27, 2019 |  | $ | 50 |  |  | $ | 87 |  |  | $ | 6 |  |  | $ | (3,605) |  |  | $ | (3,462) |
Changes before reclassifications |  | 1,345 |  |  | — |  |  | 253 |  |  | — |  |  | 1,598 |
Reclassification of certain income tax effects (1) |  | — |  |  | (97) |  |  | 258 |  |  | (708) |  |  | (547) |
Amounts reclassified to net income |  | — |  |  | 14 |  |  | (28) |  |  | 164 |  |  | 150 |
Tax effect |  | — |  |  | (4) |  |  | (55) |  |  | (41) |  |  | (100) |
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  | 1,345 |  |  | (87) |  |  | 428 |  |  | (585) |  |  | 1,101 |
Balance at January 25, 2020 |  | $ | 1,395 |  |  | $ | — |  |  | $ | 434 |  |  | $ | (4,190) |  |  | $ | (2,361) |
(1)Income tax effects of the Tax Cuts and Jobs Act are reclassified from AOCI to retained earnings due to adoption of ASU 2018-02. 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 non-controlling interest were as follows:
|  | Quarter Ended |  | Nine Months Ended
(Unaudited, amounts in thousands) |  | 1/23/21 |  | 1/25/20 |  | 1/23/21 |  | 1/25/20
Balance as of the beginning of the period |  | $ | 7,873 |  |  | $ | 15,543 |  |  | $ | 15,553 |  |  | $ | 14,468 |
Net income |  | 357 |  |  | 204 |  |  | 607 |  |  | 434 |
Other comprehensive income (loss) |  | 362 |  |  | (162) |  |  | 939 |  |  | 683 |
Dividends distributed to joint venture minority partners |  | — |  |  | — |  |  | (8,507) |  |  | — |
Balance as of the end of the period |  | $ | 8,592 |  |  | $ | 15,585 |  |  | $ | 8,592 |  |  | $ | 15,585 |

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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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