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Segment Information
 9 Months Ended
Jan. 22, 2022
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 and manufacturing 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 163 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 EndedNine Months Ended
(Unaudited, amounts in thousands)1/22/20221/23/20211/22/20221/23/2021
Sales
Wholesale segment:
Sales to external customers$328,533 $274,314 $973,973 $720,258 
Intersegment sales94,748 76,394 281,899 197,039 
Wholesale segment sales423,281 350,708 1,255,872 917,297 
Retail segment sales197,052 165,959 571,319 419,371 
Corporate and Other:
Sales to external customers45,988 29,923 126,953 75,145 
Intersegment sales3,991 3,768 11,673 9,004 
Corporate and Other sales49,979 33,691 138,626 84,149 
Eliminations(98,739)(80,162)(293,572)(206,043)
Consolidated sales$571,573 $470,196 $1,672,245 $1,214,774 
Operating Income (Loss)
Wholesale segment$27,639 $35,686 $89,098 $95,309 
Retail segment24,102 14,707 68,502 23,173 
Corporate and Other(12,254)(15,979)(29,629)(31,804)
Consolidated operating income39,487 34,414 127,971 86,678 
Interest expense(160)(298)(713)(1,103)
Interest income806 285 1,029 902 
Other income (expense), net(1,460)6,532 (522)7,995 
Income before income taxes$38,673 $40,933 $127,765 $94,472