Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Jan. 25, 2025

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 January 25, 2025, and January 27, 2024, 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 26, 2024	$	(1,673)	$	342	$	(2,281)	$	(3,612)
Changes before reclassifications	(1,810)		(76)		—		(1,886)


Amounts reclassified to net income	—		(4)		21		17
Tax effect	—		19		(5)		14
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(1,810)		(61)		16		(1,855)
Balance at January 25, 2025	$	(3,483)	$	281	$	(2,265)	$	(5,467)

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)

Activity in accumulated other comprehensive income (loss) for the nine months ended January 25, 2025, and January 27, 2024, 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	321		53		—		374


Amounts reclassified to net income	—		(6)		62		56
Tax effect	—		(12)		(15)		(27)
Other comprehensive income attributable to La-Z-Boy Incorporated	321		35		47		403
Balance at January 25, 2025	$	(3,483)	$	281	$	(2,265)	$	(5,467)

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)

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)	1/25/2025		1/27/2024		1/25/2025		1/27/2024
Balance as of the beginning of the period	$	10,357	$	9,507	$	10,296	$	10,261
Net income	516		44		977		986
Other comprehensive income (loss)	34		115		1,048		(409)
Dividends distributed to joint venture minority partners	—		—		(1,414)		(1,172)
Balance as of the end of the period	$	10,907	$	9,666	$	10,907	$	9,666