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Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Jul. 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:
(Unaudited, amounts in thousands) |  | Wholesale Segment |  | Retail Segment |  | Corporate and Other |  | Total Goodwill
Balance at April 27, 2024 (1) |  | $ | 20,085 |  |  | $ | 138,922 |  |  | $ | 55,446 |  |  | $ | 214,453 |
Acquisitions |  | — |  |  | 5,099 |  |  | — |  |  | 5,099 |
Translation adjustment |  | 599 |  |  | (42) |  |  | — |  |  | 557 |
Balance at July 27, 2024 (1) |  | $ | 20,684 |  |  | $ | 143,979 |  |  | $ | 55,446 |  |  | $ | 220,109 |
(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 |  | 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:
(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 27, 2024 |  | $ | 1,155 |  |  | $ | 1,796 |  |  | $ | 42,640 |  |  | $ | 1,660 |  |  | $ | 47,251 |
Acquisitions |  | — |  |  | — |  |  | 1,671 |  |  | — |  |  | 1,671 |
Amortization |  | — |  |  | (200) |  |  | — |  |  | (55) |  |  | (255) |
Translation adjustment |  | — |  |  | — |  |  | (32) |  |  | 49 |  |  | 17 |
Balance at July 27, 2024 |  | $ | 1,155 |  |  | $ | 1,596 |  |  | $ | 44,279 |  |  | $ | 1,654 |  |  | $ | 48,684 |
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 |  | 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:
(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 27, 2024 |  | $ | 1,155 |  |  | $ | 1,796 |  |  | $ | 42,640 |  |  | $ | 1,660 |  |  | $ | 47,251 |
Acquisitions |  | — |  |  | — |  |  | 1,671 |  |  | — |  |  | 1,671 |
Amortization |  | — |  |  | (200) |  |  | — |  |  | (55) |  |  | (255) |
Translation adjustment |  | — |  |  | — |  |  | (32) |  |  | 49 |  |  | 17 |
Balance at July 27, 2024 |  | $ | 1,155 |  |  | $ | 1,596 |  |  | $ | 44,279 |  |  | $ | 1,654 |  |  | $ | 48,684 |

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