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Segment Information
 9 Months Ended
Jan. 28, 2023
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 167 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)1/28/20231/22/20221/28/20231/22/2022
Sales
Wholesale segment:
Sales to external customers$291,170 $328,533 $934,511 $973,973 
Intersegment sales116,433 94,748 361,141 281,899 
Wholesale segment sales407,603 423,281 1,295,652 1,255,872 
Retail segment sales251,157 197,052 739,330 571,319 
Corporate and Other:
Sales to external customers30,396 45,988 114,305 126,953 
Intersegment sales3,114 3,991 11,572 11,673 
Corporate and Other sales33,510 49,979 125,877 138,626 
Eliminations(119,547)(98,739)(372,713)(293,572)
Consolidated sales$572,723 $571,573 $1,788,146 $1,672,245 
Operating Income (Loss)
Wholesale segment$16,940 $27,639 $81,558 $89,098 
Retail segment44,203 24,102 123,855 68,502 
Corporate and Other(18,303)(12,254)(48,047)(29,629)
Consolidated operating income42,840 39,487 157,366 127,971 
Interest expense(136)(160)(414)(713)
Interest income2,012 806 3,624 1,029 
Other income (expense), net(1,062)(1,460)(834)(522)
Income before income taxes$43,654 $38,673 $159,742 $127,765