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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Oct. 29, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | We have goodwill on our consolidated balance sheet as follows:
Reportable Segment/Unit |  | Reporting Unit |  | Related Acquisition
Wholesale Segment |  | La-Z-Boy United Kingdom |  | Wholesale business in the United Kingdom and Ireland
Wholesale Segment |  | La-Z-Boy United Kingdom Manufacturing |  | La-Z-Boy United Kingdom Manufacturing (Furnico)
Retail Segment |  | Retail |  | La-Z-Boy Furniture Galleries® stores
Corporate & Other |  | Joybird |  | Joybird
The following table summarizes changes in the carrying amount of our goodwill by reportable segment:
(Unaudited, amounts in thousands) |  | Wholesale Segment |  | Retail Segment |  | Corporate and Other |  | Total Goodwill
Balance at April 30, 2022 (1) |  | $ | 20,207 |  |  | $ | 118,951 |  |  | $ | 55,446 |  |  | $ | 194,604 |
Acquisitions |  | — |  |  | 10,598 |  |  | — |  |  | 10,598 |
Translation adjustment |  | (1,540) |  |  | (203) |  |  | — |  |  | (1,743) |
Balance at October 29, 2022 (1) |  | $ | 18,667 |  |  | $ | 129,346 |  |  | $ | 55,446 |  |  | $ | 203,459 |
(1)Includes $26.9 million of accumulated impairment losses in Corporate and Other.
Schedule of Other Intangible Assets - Indefinite-Lived | We have intangible assets on our consolidated balance sheet as follows:
Reportable Segment/Unit |  | Intangible Asset |  | Useful Life
Wholesale Segment |  | Primarily acquired customer relationships from our acquisition of the wholesale business in the United Kingdom and Ireland |  | Amortizable over useful lives that do not exceed 15 years
Wholesale Segment |  | American Drew® trade name |  | Indefinite-lived
Retail Segment |  | Reacquired rights to own and operate La-Z-Boy Furniture Galleries® stores |  | Indefinite-lived
Corporate & Other |  | Joybird® trade name |  | Amortizable over eight-year useful life
The following summarizes changes in our intangible assets:
(Unaudited, amounts in thousands) |  | Indefinite- Lived Trade Names |  | Finite-Lived Trade Name |  | Indefinite- Lived Reacquired Rights |  | Other Intangible Assets |  | Total Intangible Assets
Balance at April 30, 2022 |  | $ | 1,155 |  |  | $ | 3,392 |  |  | $ | 27,319 |  |  | $ | 2,105 |  |  | $ | 33,971 |
Acquisitions |  | — |  |  | — |  |  | 5,480 |  |  | — |  |  | 5,480 |
Amortization |  | — |  |  | (399) |  |  | — |  |  | (103) |  |  | (502) |
Translation adjustment |  | — |  |  | — |  |  | (152) |  |  | (157) |  |  | (309) |
Balance at October 29, 2022 |  | $ | 1,155 |  |  | $ | 2,993 |  |  | $ | 32,647 |  |  | $ | 1,845 |  |  | $ | 38,640 |
Schedule of Other Intangible Assets - Finite-Lived | We have intangible assets on our consolidated balance sheet as follows:
Reportable Segment/Unit |  | Intangible Asset |  | Useful Life
Wholesale Segment |  | Primarily acquired customer relationships from our acquisition of the wholesale business in the United Kingdom and Ireland |  | Amortizable over useful lives that do not exceed 15 years
Wholesale Segment |  | American Drew® trade name |  | Indefinite-lived
Retail Segment |  | Reacquired rights to own and operate La-Z-Boy Furniture Galleries® stores |  | Indefinite-lived
Corporate & Other |  | Joybird® trade name |  | Amortizable over eight-year useful life
The following summarizes changes in our intangible assets:
(Unaudited, amounts in thousands) |  | Indefinite- Lived Trade Names |  | Finite-Lived Trade Name |  | Indefinite- Lived Reacquired Rights |  | Other Intangible Assets |  | Total Intangible Assets
Balance at April 30, 2022 |  | $ | 1,155 |  |  | $ | 3,392 |  |  | $ | 27,319 |  |  | $ | 2,105 |  |  | $ | 33,971 |
Acquisitions |  | — |  |  | — |  |  | 5,480 |  |  | — |  |  | 5,480 |
Amortization |  | — |  |  | (399) |  |  | — |  |  | (103) |  |  | (502) |
Translation adjustment |  | — |  |  | — |  |  | (152) |  |  | (157) |  |  | (309) |
Balance at October 29, 2022 |  | $ | 1,155 |  |  | $ | 2,993 |  |  | $ | 32,647 |  |  | $ | 1,845 |  |  | $ | 38,640 |

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