XML 24 R13.htm IDEA: XBRL DOCUMENT v3.20.4
Goodwill and Other Intangible Assets
 9 Months Ended
Jan. 23, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
We have goodwill on our consolidated balance sheet as follows:

Reportable Segment/UnitReporting UnitRelated Acquisition
Wholesale SegmentLa-Z-Boy United KingdomWholesale business in the United Kingdom and Ireland
Retail SegmentRetail
La-Z-Boy Furniture Galleries® stores
Corporate & Other JoybirdJoybird

The following is a roll-forward of goodwill for the nine months ended January 23, 2021:

(Unaudited, amounts in thousands)Wholesale
Segment		Retail
Segment		Corporate
and Other		Total
Goodwill
Balance at April 25, 2020$11,630 $93,941 $55,446 $161,017 
Acquisitions— 12,936 — 12,936 
Translation adjustment1,245 362 — 1,607 
Balance at January 23, 2021$12,875 $107,239 $55,446 $175,560 

We have intangible assets on our consolidated balance sheet as follows:

Reportable Segment/UnitIntangible AssetUseful Life
Wholesale SegmentPrimarily acquired customer relationships from our acquisition of the wholesale business in the United Kingdom and Ireland
Amortizable over useful lives that do not exceed 15 years
Wholesale Segment
American Drew® trade name
Indefinite-lived
Retail Segment
Reacquired rights to own and operate La-Z-Boy Furniture Galleries® stores
Indefinite-lived
Corporate & Other
Joybird® trade name
Amortizable over eight-year useful life
The following is a roll-forward of our other intangible assets for the nine months ended January 23, 2021:

(Unaudited, amounts in thousands)Indefinite-
Lived
Trade
Names		Finite-
Lived
Trade
Name		Indefinite-
Lived
Reacquired
Rights		Other
Intangible
Assets		Total
Other
Intangible
Assets
Balance at April 25, 2020$1,155 $5,003 $19,996 $2,499 $28,653 
Acquisitions— — 2,182 — 2,182 
Amortization— (599)— (168)(767)
Translation adjustment— — 271 258 529 
Balance at January 23, 2021$1,155 $4,404 $22,449 $2,589 $30,597 

We test indefinite-lived intangibles and goodwill for impairment on an annual basis in the fourth quarter of each fiscal year, and more frequently if events or changes in circumstances indicate that an asset might be impaired. We test amortizable intangible assets for impairment if events or changes in circumstances indicate that the assets might be impaired.