XML 29 R18.htm IDEA: XBRL DOCUMENT

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Jul. 30, 2022

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 July 30, 2022, and July 24, 2021, is as follows:


(Unaudited, amounts in thousands)	Translation adjustment		Unrealized gain (loss) on marketable securities		Net pension amortization and net actuarial loss		Accumulated other comprehensive income (loss)
Balance at April 30, 2022	$	(1,961)	$	(298)	$	(3,538)	$	(5,797)
Changes before reclassifications	(1,641)		55		—		(1,586)


Amounts reclassified to net income	—		59		48		107
Tax effect	—		(28)		(12)		(40)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(1,641)		86		36		(1,519)
Balance at July 30, 2022	$	(3,602)	$	(212)	$	(3,502)	$	(7,316)

Balance at April 24, 2021	$	3,041	$	370	$	(4,932)	$	(1,521)
Changes before reclassifications	(812)		591		—		(221)


Amounts reclassified to net income	—		4		75		79
Tax effect	—		(147)		(13)		(160)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(812)		448		62		(302)
Balance at July 24, 2021	$	2,229	$	818	$	(4,870)	$	(1,823)

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 non-controlling interest were as follows:


	Quarter Ended
(Unaudited, amounts in thousands)	7/30/2022		7/24/2021
Balance as of the beginning of the period	$	8,897	$	8,648
Net income	452		700
Other comprehensive loss	(519)		(430)

Balance as of the end of the period	$	8,830	$	8,918