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Goodwill and Other Intangible Assets | 6 Months Ended
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Oct. 25, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 5: Goodwill and Other Intangible Assets We have goodwill on our consolidated balance sheet as follows:
Reportable Segment/Unit |  | Reporting Unit |  | Related Acquisition
Retail Segment |  | Retail |  | Independent La-Z-Boy 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 26, 2025 (1) |  | $ | — |  |  | $ | 150,144 |  |  | $ | 55,446 |  |  | $ | 205,590 |
Translation adjustment |  | — |  |  | (34) |  |  | — |  |  | (34) |
Balance at October 25, 2025 (1) |  | $ | — |  |  | $ | 150,110 |  |  | $ | 55,446 |  |  | $ | 205,556 |
(1)Includes $26.9 million and $20.6 million of accumulated impairment losses in Corporate and Other and the Wholesale segment, respectively. We have intangible assets on our consolidated balance sheet as follows:
Reportable Segment |  | Intangible Asset |  | Useful Life
Wholesale Segment |  | American Drew® trade name (1) |  | Indefinite-lived
Retail Segment |  | Reacquired rights to own and operate La-Z-Boy Stores |  | Indefinite-lived
Corporate and Other |  | Joybird® trade name |  | Amortizable over eight-year useful life
(1)Reclassified to assets held for sale during the second quarter of fiscal 2026. Refer to Note 4, Assets Held for Sale, for further information. The following summarizes changes in our intangible assets:
(Unaudited, amounts in thousands) |  | Indefinite- Lived Trade Names |  | Finite-Lived Trade Name |  | Indefinite- Lived Reacquired Rights |  |  |  | Total Intangible Assets
Balance at April 26, 2025 |  | $ | 1,155 |  |  | $ | 998 |  |  | $ | 49,008 |  |  |  |  | $ | 51,161 |
Amortization |  | — |  |  | (399) |  |  | — |  |  |  |  | (399) |
Translation adjustment |  | — |  |  | — |  |  | (26) |  |  |  |  | (26) |
Reclass to assets held for sale |  | (1,155) |  |  | — |  |  | — |  |  |  |  | (1,155) |
Balance at October 25, 2025 |  | $ | — |  |  | $ | 599 |  |  | $ | 48,982 |  |  |  |  | $ | 49,581 |
We test indefinite-lived intangibles and goodwill for impairment on an annual basis in the fourth quarter of each fiscal year, and more frequently if events or changes in circumstances indicate that an asset might be impaired. We test amortizable intangible assets for impairment if events or changes in circumstances indicate that the assets might be impaired.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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