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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Jan. 25, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
We have goodwill on our consolidated balance sheet as follows:

Reportable Segment/UnitReporting UnitRelated Acquisition
Wholesale SegmentUnited KingdomWholesale business in the United Kingdom and Ireland
Wholesale SegmentUnited KingdomLa-Z-Boy United Kingdom Manufacturing (Furnico)
Retail SegmentRetail
La-Z-Boy Furniture Galleries® stores
Corporate and Other JoybirdJoybird

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— 7,425 — 7,425 
Translation adjustment(21)(164)— (185)
Balance at January 25, 2025 (1)
$20,064 $146,183 $55,446 $221,693 
(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 SegmentIntangible AssetUseful Life
Wholesale SegmentCustomer 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— — 4,299 — 4,299 
Amortization— (599)— (166)(765)
Translation adjustment— — (123)(121)
Balance at January 25, 2025$1,155 $1,197 $46,816 $1,496 $50,664 
Schedule of Other Intangible Assets - Finite-Lived
We have intangible assets on our consolidated balance sheet as follows:

Reportable SegmentIntangible AssetUseful Life
Wholesale SegmentCustomer 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— — 4,299 — 4,299 
Amortization— (599)— (166)(765)
Translation adjustment— — (123)(121)
Balance at January 25, 2025$1,155 $1,197 $46,816 $1,496 $50,664