Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Jul. 27, 2024

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 27, 2024, and July 29, 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 27, 2024	$	(3,804)	$	246	$	(2,312)	$	(5,870)
Changes before reclassifications	1,207		150		—		1,357


Amounts reclassified to net income	—		—		20		20
Tax effect	—		(37)		(5)		(42)
Other comprehensive income attributable to La-Z-Boy Incorporated	1,207		113		15		1,335
Balance at July 27, 2024	$	(2,597)	$	359	$	(2,297)	$	(4,535)

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 attributable to La-Z-Boy Incorporated	1,087		220		23		1,330
Balance at July 29, 2023	$	(1,565)	$	75	$	(2,708)	$	(4,198)

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)	7/27/2024		7/29/2023
Balance as of the beginning of the period	$	10,296	$	10,261
Net income	645		447
Other comprehensive income (loss)	326		(40)

Balance as of the end of the period	$	11,267	$	10,668