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Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Jul. 29, 2023
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 |  | United Kingdom |  | Wholesale business in the United Kingdom and Ireland
Wholesale Segment |  | United Kingdom |  | La-Z-Boy United Kingdom Manufacturing (Furnico)
Retail Segment |  | Retail |  | La-Z-Boy Furniture Galleries® stores
Corporate and 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 29, 2023 (1) |  | $ | 20,202 |  |  | $ | 129,360 |  |  | $ | 55,446 |  |  | $ | 205,008 |
Acquisitions |  | — |  |  | 1,951 |  |  | — |  |  | 1,951 |
Translation adjustment |  | 450 |  |  | 79 |  |  | — |  |  | 529 |
Balance at July 29, 2023 (1) |  | $ | 20,652 |  |  | $ | 131,390 |  |  | $ | 55,446 |  |  | $ | 207,488 |
(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 |  | 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 and 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 29, 2023 |  | $ | 1,155 |  |  | $ | 2,594 |  |  | $ | 33,739 |  |  | $ | 1,887 |  |  | $ | 39,375 |
Acquisitions |  | — |  |  | — |  |  | 2,307 |  |  | — |  |  | 2,307 |
Amortization |  | — |  |  | (200) |  |  | — |  |  | (55) |  |  | (255) |
Translation adjustment |  | — |  |  | — |  |  | 60 |  |  | 42 |  |  | 102 |
Balance at July 29, 2023 |  | $ | 1,155 |  |  | $ | 2,394 |  |  | $ | 36,106 |  |  | $ | 1,874 |  |  | $ | 41,529 |
Schedule of Other Intangible Assets - Finite-Lived | We have intangible assets on our consolidated balance sheet as follows:
Reportable Segment |  | 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 and 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 29, 2023 |  | $ | 1,155 |  |  | $ | 2,594 |  |  | $ | 33,739 |  |  | $ | 1,887 |  |  | $ | 39,375 |
Acquisitions |  | — |  |  | — |  |  | 2,307 |  |  | — |  |  | 2,307 |
Amortization |  | — |  |  | (200) |  |  | — |  |  | (55) |  |  | (255) |
Translation adjustment |  | — |  |  | — |  |  | 60 |  |  | 42 |  |  | 102 |
Balance at July 29, 2023 |  | $ | 1,155 |  |  | $ | 2,394 |  |  | $ | 36,106 |  |  | $ | 1,874 |  |  | $ | 41,529 |

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