Accumulated Other Comprehensive Loss

12 Months Ended

Apr. 30, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

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 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 (1)	—		(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)
Changes before reclassifications	(5,002)		—		(947)		1,539		(4,410)


Amounts reclassified to net income	—		—		59		306		365
Tax effect	—		—		220		(451)		(231)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(5,002)		—		(668)		1,394		(4,276)
Balance at April 30, 2022	$	(1,961)	$	—	$	(298)	$	(3,538)	$	(5,797)

(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, Income Statement-Reporting Comprehensive Income (Topic 220).

We reclassified both the unrealized gain (loss) on marketable securities and the net pension amortization from accumulated other comprehensive loss to net income through other income (expense), net.

The components of noncontrolling interest were as follows:


	Fiscal Year Ended
	(53 weeks)		(52 weeks)		(52 weeks)
(Amounts in thousands)	4/30/2022		4/24/2021		4/25/2020
Balance as of the beginning of the year	$	8,648	$	15,553	$	14,468
Net income	2,311		1,068		1,515
Other comprehensive income (loss)	(802)		534		(266)
Dividends distributed to joint venture minority partners	(1,260)		(8,507)		—
Other changes in noncontrolling interests	—		—		(164)
Balance as of the end of the year	$	8,897	$	8,648	$	15,553