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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Oct. 26, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss​)
The activity in accumulated other comprehensive income (loss) for the quarters ended October 26, 2019, and October 27, 2018, is as follows:​
(Unaudited, amounts in thousands)
 
Translation adjustment
 
Change in fair value of cash flow hedge
 
Unrealized gain (loss) on marketable securities
 
Net pension amortization and net actuarial loss
 
Accumulated other comprehensive loss
Balance at July 27, 2019
 
$
178

 
$
(6
)
 
$
372

 
$
(4,272
)
 
$
(3,728
)
Changes before reclassifications
 
1,167

 
—

 
69

 
—

 
1,236

Amounts reclassified to net income
 
—

 
9

 
(8
)
 
54

 
55

Tax effect
 
—

 
(3
)
 
(15
)
 
(13
)
 
(31
)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated
 
1,167

 
6

 
46

 
41

 
1,260

Balance at October 26, 2019
 
$
1,345

 
$
—

 
$
418

 
$
(4,231
)
 
$
(2,468
)
 
 
 
 
 
 
 
 
 
 
 
Balance at July 29, 2018
 
$
(573
)
 
$
(179
)
 
$
(220
)
 
$
(28,601
)
 
$
(29,573
)
Changes before reclassifications
 
549

 
140

 
30

 
—

 
719

Amounts reclassified to net income
 
—

 
65

 
—

 
686

 
751

Tax effect
 
—

 
(50
)
 
(7
)
 
(169
)
 
(226
)
Other comprehensive income attributable to La-Z-Boy Incorporated
 
549

 
155

 
23

 
517

 
1,244

Balance at October 27, 2018
 
$
(24
)
 
$
(24
)
 
$
(197
)
 
$
(28,084
)
 
$
(28,329
)
​



The activity in accumulated other comprehensive income (loss) for the six months ended October 26, 2019, and October 27, 2018, is as follows:
(Unaudited, amounts in thousands)
 
Translation adjustment
 
Change in fair value of cash flow hedge
 
Unrealized gain (loss) on marketable securities
 
Net pension amortization and net actuarial loss
 
Accumulated other comprehensive loss
Balance at April 27, 2019
 
$
50

 
$
87

 
$
6

 
$
(3,605
)
 
$
(3,462
)
Changes before reclassifications
 
1,295

 
—

 
212

 
—

 
1,507

Reclassification of certain income tax effects (1)
 
—

 
(97
)
 
258

 
(708
)
 
(547
)
Amounts reclassified to net income
 
—

 
14

 
(8
)
 
109

 
115

Tax effect
 
—

 
(4
)
 
(50
)
 
(27
)
 
(81
)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated
 
1,295

 
(87
)
 
412

 
(626
)
 
994

Balance at October 26, 2019
 
$
1,345

 
$
—

 
$
418

 
$
(4,231
)
 
$
(2,468
)
 
 
 
 
 
 
 
 
 
 
 
Balance at April 28, 2018
 
$
2,388

 
$
154

 
$
1,376

 
$
(29,117
)
 
$
(25,199
)
Changes before reclassifications
 
(2,412
)
 
(369
)
 
103

 
—

 
(2,678
)
Cumulative effect adjustment for investments (2)
 
—

 
—

 
(1,637
)
 
—

 
(1,637
)
Amounts reclassified to net income
 
—

 
132

 
(19
)
 
1,372

 
1,485

Tax effect
 
—

 
59

 
(20
)
 
(339
)
 
(300
)
Other comprehensive income attributable to La-Z-Boy Incorporated
 
(2,412
)
 
(178
)
 
(1,573
)
 
1,033

 
(3,130
)
Balance at October 27, 2018
 
$
(24
)
 
$
(24
)
 
$
(197
)
 
$
(28,084
)
 
$
(28,329
)
(1)
Income tax effects of the Tax Cuts and Jobs Act are reclassified from AOCI to retained earnings due to adoption of ASU 2018-02.
(2)
The cumulative effect adjustment for investments is composed of $2.1 million of unrealized gains on equity investments offset by $0.5 million of tax expense. We reclassified the net $1.6 million of cumulative effect adjustment from accumulated other comprehensive loss to retained earnings as a result of adopting ASU 2016-01.

We reclassified the unrealized gain/(loss) on marketable securities from accumulated other comprehensive loss to net income through other income (expense), net in our consolidated statement of income, reclassified the change in fair value of cash flow hedges to net income through cost of sales, and reclassified the net pension amortization to net income through other income (expense), net.​
The components of non-controlling interest were as follows:​
​
 
Quarter Ended
 
Six Months Ended
(Unaudited, amounts in thousands)
 
10/26/19
 
10/27/18
 
10/26/19
 
10/27/18
Balance as of the beginning of the period
 
$
14,873

 
$
12,455

 
$
14,468

 
$
13,035

Net income
 
311

 
337

 
230

 
985

Other comprehensive income
 
359

 
619

 
845

 
(609
)
Balance as of the end of the period
 
$
15,543

 
$
13,411

 
$
15,543

 
$
13,411

​