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Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Oct. 25, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

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.

Schedule of Other Intangible Assets - Indefinite-Lived

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

Schedule of Other Intangible Assets - Finite-Lived

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

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