XML 29 R17.htm IDEA: XBRL DOCUMENT v3.20.2
Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Jul. 25, 2020
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 July 25, 2020, and July 27, 2019, 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 25, 2020
 
$
(1,891
)
 
$

 
$
449

 
$
(5,510
)
 
$
(6,952
)
Changes before reclassifications
 
1,613

 

 
77

 

 
1,690

Amounts reclassified to net income
 

 

 
(22
)
 
87

 
65

Tax effect
 

 

 
(13
)
 
(22
)
 
(35
)
Other comprehensive income attributable to La-Z-Boy Incorporated
 
1,613

 

 
42

 
65

 
1,720

Balance at July 25, 2020
 
$
(278
)
 
$

 
$
491

 
$
(5,445
)
 
$
(5,232
)
 
 
 
 
 
 
 
 
 
 
 
Balance at April 27, 2019
 
$
50

 
$
87

 
$
6

 
$
(3,605
)
 
$
(3,462
)
Changes before reclassifications
 
128

 

 
143

 

 
271

Reclassification of certain income tax effects (1)
 

 
(97
)
 
258

 
(708
)
 
(547
)
Amounts reclassified to net income
 

 
5

 

 
55

 
60

Tax effect
 

 
(1
)
 
(35
)
 
(14
)
 
(50
)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated
 
128

 
(93
)
 
366

 
(667
)
 
(266
)
Balance at July 27, 2019
 
$
178

 
$
(6
)
 
$
372

 
$
(4,272
)
 
$
(3,728
)
(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.

We reclassified the unrealized gain/(loss) on marketable securities from accumulated other comprehensive loss to net income through other income (expense), net, 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
(Unaudited, amounts in thousands)
 
7/25/20
 
7/27/19
Balance as of the beginning of the period
 
$
15,553

 
$
14,468

Net income
 
(119
)
 
(81
)
Other comprehensive income
 
498

 
486

Dividends distributed to joint venture minority partners
 
(8,507
)
 

Balance as of the end of the period
 
$
7,425

 
$
14,873