Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Jul. 29, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Activity in accumulated other comprehensive income (loss) for the quarters ended July 29, 2023, and July 30, 2022, 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 29, 2023	$	(2,652)	$	(145)	$	(2,731)	$	(5,528)
Changes before reclassifications	1,087		(15)		—		1,072


Amounts reclassified to net income	—		307		31		338
Tax effect	—		(72)		(8)		(80)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	1,087		220		23		1,330
Balance at July 29, 2023	$	(1,565)	$	75	$	(2,708)	$	(4,198)

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)

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 noncontrolling interest were as follows:


	Quarter Ended
(Unaudited, amounts in thousands)	7/29/2023		7/30/2022
Balance as of the beginning of the period	$	10,261	$	8,897
Net income	447		452
Other comprehensive income (loss)	(40)		(519)

Balance as of the end of the period	$	10,668	$	8,830