Accumulated Other Comprehensive Loss

6 Months Ended

Oct. 25, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Note 10: Accumulated Other Comprehensive Loss

Activity in accumulated other comprehensive income (loss) for the quarters ended October 25, 2025, and October 26, 2024, is as follows:


(Unaudited, amounts in thousands)	Translation adjustment		Unrealized gain (loss) on marketable securities		Net pension amortization and net actuarial gain (loss)		Accumulated other comprehensive income (loss)
Balance at July 26, 2025	$	(760)	$	350	$	(2,385)	$	(2,795)
Changes before reclassifications	(665)		169		—		(496)


Amounts reclassified to net income	—		(5)		25		20
Tax effect	—		(40)		(7)		(47)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(665)		124		18		(523)
Balance at October 25, 2025	$	(1,425)	$	474	$	(2,367)	$	(3,318)

Balance at July 27, 2024	$	(2,597)	$	359	$	(2,297)	$	(4,535)
Changes before reclassifications	924		(21)		—		903


Amounts reclassified to net income	—		(2)		21		19
Tax effect	—		6		(5)		1
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	924		(17)		16		923
Balance at October 26, 2024	$	(1,673)	$	342	$	(2,281)	$	(3,612)

Activity in accumulated other comprehensive income (loss) for the six months ended October 25, 2025, and October 26, 2024, is as follows:


(Unaudited, amounts in thousands)	Translation adjustment		Unrealized gain (loss) on marketable securities		Net pension amortization and net actuarial gain (loss)		Accumulated other comprehensive income (loss)
Balance at April 26, 2025	$	(1,507)	$	337	$	(2,404)	$	(3,574)
Changes before reclassifications	82		188		—		270


Amounts reclassified to net income	—		(6)		50		44
Tax effect	—		(45)		(13)		(58)
Other comprehensive income attributable to La-Z-Boy Incorporated	82		137		37		256
Balance at October 25, 2025	$	(1,425)	$	474	$	(2,367)	$	(3,318)

Balance at April 27, 2024	$	(3,804)	$	246	$	(2,312)	$	(5,870)
Changes before reclassifications	2,131		129		—		2,260


Amounts reclassified to net income	—		(2)		41		39
Tax effect	—		(31)		(10)		(41)
Other comprehensive income attributable to La-Z-Boy Incorporated	2,131		96		31		2,258
Balance at October 26, 2024	$	(1,673)	$	342	$	(2,281)	$	(3,612)

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				Six Months Ended
(Unaudited, amounts in thousands)	10/25/2025		10/26/2024		10/25/2025		10/26/2024
Balance as of the beginning of the period	$	11,855	$	11,267	$	11,353	$	10,296
Net income (loss)	132		(184)		225		461
Other comprehensive income (loss)	(120)		688		289		1,014
Dividends distributed to joint venture minority partners	—		(1,414)		—		(1,414)
Balance as of the end of the period	$	11,867	$	10,357	$	11,867	$	10,357