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Accumulated Other Comprehensive Income (Loss) | 6 Months Ended
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Oct. 29, 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 October 29, 2022, and October 23, 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 July 30, 2022 |  | $ | (3,602) |  |  |  |  | $ | (212) |  |  | $ | (3,502) |  |  | $ | (7,316) |
Changes before reclassifications |  | (2,949) |  |  |  |  | (445) |  |  | — |  |  | (3,394) |
Amounts reclassified to net income |  | — |  |  |  |  | 62 |  |  | 48 |  |  | 110 |
Tax effect |  | — |  |  |  |  | 94 |  |  | (11) |  |  | 83 |
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  | (2,949) |  |  |  |  | (289) |  |  | 37 |  |  | (3,201) |
Balance at October 29, 2022 |  | $ | (6,551) |  |  |  |  | $ | (501) |  |  | $ | (3,465) |  |  | $ | (10,517) |
Balance at July 24, 2021 |  | $ | 2,229 |  |  |  |  | $ | 818 |  |  | $ | (4,870) |  |  | $ | (1,823) |
Changes before reclassifications |  | 111 |  |  |  |  | (660) |  |  | — |  |  | (549) |
Amounts reclassified to net income |  | — |  |  |  |  | (2) |  |  | 75 |  |  | 73 |
Tax effect |  | — |  |  |  |  | 164 |  |  | (18) |  |  | 146 |
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  | 111 |  |  |  |  | (498) |  |  | 57 |  |  | (330) |
Balance at October 23, 2021 |  | $ | 2,340 |  |  |  |  | $ | 320 |  |  | $ | (4,813) |  |  | $ | (2,153) |
The activity in accumulated other comprehensive income (loss) for the six months ended October 29, 2022 and October 23, 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 |  | (4,590) |  |  |  |  | (390) |  |  | — |  |  | (4,980) |
Amounts reclassified to net income |  | — |  |  |  |  | 121 |  |  | 96 |  |  | 217 |
Tax effect |  | — |  |  |  |  | 66 |  |  | (23) |  |  | 43 |
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  | (4,590) |  |  |  |  | (203) |  |  | 73 |  |  | (4,720) |
Balance at October 29, 2022 |  | $ | (6,551) |  |  |  |  | $ | (501) |  |  | $ | (3,465) |  |  | $ | (10,517) |
Balance at April 24, 2021 |  | $ | 3,041 |  |  |  |  | $ | 370 |  |  | $ | (4,932) |  |  | $ | (1,521) |
Changes before reclassifications |  | (701) |  |  |  |  | (69) |  |  | — |  |  | (770) |
Amounts reclassified to net income |  | — |  |  |  |  | 2 |  |  | 150 |  |  | 152 |
Tax effect |  | — |  |  |  |  | 17 |  |  | (31) |  |  | (14) |
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  | (701) |  |  |  |  | (50) |  |  | 119 |  |  | (632) |
Balance at October 23, 2021 |  | $ | 2,340 |  |  |  |  | $ | 320 |  |  | $ | (4,813) |  |  | $ | (2,153) |
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 |  | Six Months Ended
(Unaudited, amounts in thousands) |  | 10/29/2022 |  | 10/23/2021 |  | 10/29/2022 |  | 10/23/2021
Balance as of the beginning of the period |  | $ | 8,830 |  |  | $ | 8,918 |  |  | $ | 8,897 |  |  | $ | 8,648 |
Net income |  | 702 |  |  | 842 |  |  | 1,154 |  |  | 1,542 |
Other comprehensive loss |  | (404) |  |  | (120) |  |  | (923) |  |  | (550) |
Dividends distributed to joint venture minority partners |  | — |  |  | (1,260) |  |  | — |  |  | (1,260) |
Balance as of the end of the period |  | $ | 9,128 |  |  | $ | 8,380 |  |  | $ | 9,128 |  |  | $ | 8,380 |

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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 https://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 https://asc.fasb.org/extlink&oid=126953954&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 https://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 https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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