Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Oct. 24, 2020

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

Schedul of activity in accumulated other comprehensive loss

The activity in accumulated other comprehensive income (loss) for the quarters ended October 24, 2020, and October 26, 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 income (loss)
Balance at July 25, 2020	$	(278)	$	—	$	491	$	(5,445)	$	(5,232)
Changes before reclassifications	1,275		—		(61)		—		1,214
Amounts reclassified to net income	—		—		(25)		86		61
Tax effect	—		—		21		(21)		—
Other comprehensive income attributable to La-Z-Boy Incorporated	1,275		—		(65)		65		1,275
Balance at October 24, 2020	$	997	$	—	$	426	$	(5,380)	$	(3,957)
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 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)

The activity in accumulated other comprehensive income (loss) for the six months ended October 24, 2020, and October 26, 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 income (loss)
Balance at April 25, 2020	$	(1,891)	$	—	$	449	$	(5,510)	$	(6,952)
Changes before reclassifications	2,888		—		16		—		2,904
Amounts reclassified to net income	—		—		(47)		173		126
Tax effect	—		—		8		(43)		(35)
Other comprehensive income attributable to La-Z-Boy Incorporated	2,888		—		(23)		130		2,995
Balance at October 24, 2020	$	997	$	—	$	426	$	(5,380)	$	(3,957)
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)

(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.

Schedule of components of non-controlling interest

The components of non-controlling interest were as follows:

	Quarter Ended				Six Months Ended
(Unaudited, amounts in thousands)	10/24/20		10/26/19		10/24/20		10/26/19
Balance as of the beginning of the period	$	7,425	$	14,873	$	15,553	$	14,468
Net income	369		311		250		230
Other comprehensive income	79		359		577		845
Dividends distributed to joint venture minority partners	—		—		(8,507)		—
Balance as of the end of the period	$	7,873	$	15,543	$	7,873	$	15,543