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Segment Information
 3 Months Ended
Jul. 24, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
Our reportable operating segments include the Wholesale segment and the Retail segment.

Wholesale Segment. Our Wholesale segment consists primarily of three operating segments: La-Z-Boy, our largest operating segment, our England subsidiary, and our casegoods operating segment that sells furniture under three brands: American Drew®, Hammary® and Kincaid®. The Wholesale segment also includes our international wholesale businesses. We aggregate these operating segments into one reportable segment because they are economically similar and meet the other aggregation criteria for determining reportable segments. Our Wholesale segment manufactures and imports upholstered furniture such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas and imports casegoods (wood) furniture such as bedroom sets, dining room sets, entertainment centers and occasional pieces. The Wholesale segment sells directly to La-Z-Boy Furniture Galleries® stores, operators of La-Z-Boy Comfort Studio® locations, England Custom Comfort Center locations, major dealers, and a wide cross-section of other independent retailers.

Retail Segment. Our Retail segment consists of one operating segment comprised of our 157 company-owned La-Z-Boy Furniture Galleries® stores. The Retail segment sells primarily upholstered furniture, in addition to some casegoods and other accessories, to end consumers through these stores.

Corporate & Other. Corporate & Other includes the shared costs for corporate functions, including human resources, information technology, finance and legal, in addition to revenue generated through royalty agreements with companies licensed to use the La-Z-Boy® brand name on various products. We consider our corporate functions to be other business activities and have aggregated them with our other insignificant operating segments, including our global trading company in Hong Kong and Joybird, an e-commerce retailer that manufactures upholstered furniture such as sofas, loveseats, chairs, ottomans, sleeper sofas and beds, and also imports casegoods (wood) furniture such as occasional tables and other accessories. Joybird sells to the end consumer primarily online through its website, www.joybird.com. None of the operating segments included in Corporate & Other meet the requirements of reportable segments.
The following table presents sales and operating income (loss) by segment:
Quarter Ended
(Unaudited, amounts in thousands)7/24/20217/25/2020
Sales
Wholesale segment:
Sales to external customers$303,617 $179,755 
Intersegment sales89,882 43,818 
Wholesale segment sales393,499 223,573 
Retail segment sales181,847 91,137 
Corporate and Other:
Sales to external customers39,319 14,566 
Intersegment sales4,315 2,175 
Corporate and Other sales43,634 16,741 
Eliminations(94,197)(45,993)
Consolidated sales$524,783 $285,458 
Operating Income (Loss)
Wholesale segment$18,331 $17,940 
Retail segment20,438 (6,627)
Corporate and Other(4,398)(6,988)
Consolidated operating income34,371 4,325 
Interest expense(311)(459)
Interest income117 494 
Other income (expense), net(93)1,474 
Income before income taxes$34,084 $5,834