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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Jan. 27, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) Activity in accumulated other comprehensive income (loss) for the quarters ended January 27, 2024, and January 28, 2023, 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 October 28, 2023 |  | $ | (4,696) |  |  |  |  | $ | (12) |  |  | $ | (2,684) |  |  | $ | (7,392) |
Changes before reclassifications |  | 2,147 |  |  |  |  | 454 |  |  | — |  |  | 2,601 |
Amounts reclassified to net income |  | — |  |  |  |  | — |  |  | 31 |  |  | 31 |
Tax effect |  | — |  |  |  |  | (112) |  |  | (8) |  |  | (120) |
Other comprehensive income attributable to La-Z-Boy Incorporated |  | 2,147 |  |  |  |  | 342 |  |  | 23 |  |  | 2,512 |
Balance at January 27, 2024 |  | $ | (2,549) |  |  |  |  | $ | 330 |  |  | $ | (2,661) |  |  | $ | (4,880) |
Balance at October 29, 2022 |  | $ | (6,551) |  |  |  |  | $ | (501) |  |  | $ | (3,465) |  |  | $ | (10,517) |
Changes before reclassifications |  | 4,014 |  |  |  |  | 303 |  |  | — |  |  | 4,317 |
Amounts reclassified to net income |  | — |  |  |  |  | 78 |  |  | 49 |  |  | 127 |
Tax effect |  | — |  |  |  |  | (94) |  |  | (13) |  |  | (107) |
Other comprehensive income attributable to La-Z-Boy Incorporated |  | 4,014 |  |  |  |  | 287 |  |  | 36 |  |  | 4,337 |
Balance at January 28, 2023 |  | $ | (2,537) |  |  |  |  | $ | (214) |  |  | $ | (3,429) |  |  | $ | (6,180) |
Activity in accumulated other comprehensive income (loss) for the nine months ended January 27, 2024 and January 28, 2023, 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 |  | 103 |  |  |  |  | 300 |  |  | — |  |  | 403 |
Amounts reclassified to net income |  | — |  |  |  |  | 331 |  |  | 93 |  |  | 424 |
Tax effect |  | — |  |  |  |  | (156) |  |  | (23) |  |  | (179) |
Other comprehensive income attributable to La-Z-Boy Incorporated |  | 103 |  |  |  |  | 475 |  |  | 70 |  |  | 648 |
Balance at January 27, 2024 |  | $ | (2,549) |  |  |  |  | $ | 330 |  |  | $ | (2,661) |  |  | $ | (4,880) |
Balance at April 30, 2022 |  | $ | (1,961) |  |  |  |  | $ | (298) |  |  | $ | (3,538) |  |  | $ | (5,797) |
Changes before reclassifications |  | (576) |  |  |  |  | (87) |  |  | — |  |  | (663) |
Amounts reclassified to net income |  | — |  |  |  |  | 199 |  |  | 145 |  |  | 344 |
Tax effect |  | — |  |  |  |  | (28) |  |  | (36) |  |  | (64) |
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated |  | (576) |  |  |  |  | 84 |  |  | 109 |  |  | (383) |
Balance at January 28, 2023 |  | $ | (2,537) |  |  |  |  | $ | (214) |  |  | $ | (3,429) |  |  | $ | (6,180) |
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 |  | Nine Months Ended
(Unaudited, amounts in thousands) |  | 1/27/2024 |  | 1/28/2023 |  | 1/27/2024 |  | 1/28/2023
Balance as of the beginning of the period |  | $ | 9,507 |  |  | $ | 9,128 |  |  | $ | 10,261 |  |  | $ | 8,897 |
Net income (loss) |  | 44 |  |  | (149) |  |  | 986 |  |  | 1,005 |
Other comprehensive income (loss) |  | 115 |  |  | 1,427 |  |  | (409) |  |  | 504 |
Dividends distributed to joint venture minority partners |  | — |  |  | — |  |  | (1,172) |  |  | — |
Balance as of the end of the period |  | $ | 9,666 |  |  | $ | 10,406 |  |  | $ | 9,666 |  |  | $ | 10,406 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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