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Goodwill and Other Intangible Assets
 6 Months Ended
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/UnitReporting UnitRelated Acquisition
Retail SegmentRetailIndependent La-Z-Boy 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 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 SegmentIntangible AssetUseful Life
Wholesale Segment
American Drew® trade name (1)
Indefinite-lived
Retail SegmentReacquired rights to own and operate La-Z-Boy StoresIndefinite-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.