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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Apr. 27, 2024
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:
(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 |  | (5) |  |  | (189) |  |  | — |  |  | (194) |  |  |
Balance at April 29, 2023 (1) |  | 20,202 |  |  | 129,360 |  |  | 55,446 |  |  | 205,008 |  |  |
Acquisitions |  | — |  |  | 9,593 |  |  | — |  |  | 9,593 |  |  |
Translation adjustment |  | (117) |  |  | (31) |  |  | — |  |  | (148) |  |  |
Balance at April 27, 2024 (1) |  | $ | 20,085 |  |  | $ | 138,922 |  |  | $ | 55,446 |  |  | $ | 214,453 |  |  |
(1)Includes $26.9 million of accumulated impairment losses in Corporate and Other.
Schedule of Indefinite-Lived Intangible Assets | We have intangible assets on our consolidated balance sheet as follows:
Reportable Segment |  | Intangible Asset |  | Useful Life
Wholesale Segment |  | Customer relationships from our acquisition of the wholesale business in the United Kingdom and Ireland |  | Amortizable over 15 year useful life
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:
(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 |  | — |  |  | — |  |  | 6,562 |  |  | — |  |  | 6,562 |
Amortization |  | — |  |  | (798) |  |  | — |  |  | (208) |  |  | (1,006) |
Translation adjustment |  | — |  |  | — |  |  | (142) |  |  | (10) |  |  | (152) |
Balance at April 29, 2023 |  | $ | 1,155 |  |  | $ | 2,594 |  |  | $ | 33,739 |  |  | $ | 1,887 |  |  | $ | 39,375 |
Acquisitions |  | — |  |  | — |  |  | 8,924 |  |  | — |  |  | 8,924 |
Amortization |  | — |  |  | (798) |  |  | — |  |  | (218) |  |  | (1,016) |
Translation adjustment |  | — |  |  | — |  |  | (23) |  |  | (9) |  |  | (32) |
Balance at April 27, 2024 |  | $ | 1,155 |  |  | $ | 1,796 |  |  | $ | 42,640 |  |  | $ | 1,660 |  |  | $ | 47,251 |
Schedule of Finite-Lived Intangible Assets | We have intangible assets on our consolidated balance sheet as follows:
Reportable Segment |  | Intangible Asset |  | Useful Life
Wholesale Segment |  | Customer relationships from our acquisition of the wholesale business in the United Kingdom and Ireland |  | Amortizable over 15 year useful life
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:
(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 |  | — |  |  | — |  |  | 6,562 |  |  | — |  |  | 6,562 |
Amortization |  | — |  |  | (798) |  |  | — |  |  | (208) |  |  | (1,006) |
Translation adjustment |  | — |  |  | — |  |  | (142) |  |  | (10) |  |  | (152) |
Balance at April 29, 2023 |  | $ | 1,155 |  |  | $ | 2,594 |  |  | $ | 33,739 |  |  | $ | 1,887 |  |  | $ | 39,375 |
Acquisitions |  | — |  |  | — |  |  | 8,924 |  |  | — |  |  | 8,924 |
Amortization |  | — |  |  | (798) |  |  | — |  |  | (218) |  |  | (1,016) |
Translation adjustment |  | — |  |  | — |  |  | (23) |  |  | (9) |  |  | (32) |
Balance at April 27, 2024 |  | $ | 1,155 |  |  | $ | 1,796 |  |  | $ | 42,640 |  |  | $ | 1,660 |  |  | $ | 47,251 |

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