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Segment Information
 9 Months Ended
Jan. 23, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
Our reportable operating segments include the Wholesale segment and the Retail segment. Effective in the first quarter of fiscal 2021, in order to better align with the manner in which we view and manage the business, coupled with economic and customer channel similarities, we revised our reportable operating segments by aggregating the former Upholstery segment with the former Casegoods segment to form the newly combined Wholesale segment. The change in our reportable operating segments reflects how the Company evaluates financial information used to make operating decisions. There were no changes to our Retail operating segment or Corporate & Other as part of this revision. Prior period results disclosed in the tables below have been revised to reflect these changes.

Wholesale Segment. Our Wholesale segment consists primarily of three operating segments: La-Z-Boy, our largest operating segment, our England subsidiary, and our casegoods operating segment that sells furniture under three brands: American Drew®, Hammary® and Kincaid®. The Wholesale segment also includes our international wholesale businesses. We aggregate these operating segments into one reportable segment because they are economically similar and because they meet the other aggregation criteria for determining reportable segments. Our Wholesale segment manufactures and imports upholstered furniture such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas and imports casegoods (wood) furniture such as bedroom sets, dining room sets, entertainment centers and occasional pieces. The Wholesale segment sells directly to La-Z-Boy Furniture Galleries® stores, operators of La-Z-Boy Comfort Studio® locations, England Custom Comfort Center locations, major dealers, and a wide cross-section of other independent retailers.

Retail Segment. Our Retail segment consists of one operating segment comprised of our 158 company-owned La-Z-Boy Furniture Galleries® stores. The Retail segment sells primarily upholstered furniture, in addition to some casegoods and other accessories, to end consumers through these stores.

Corporate & Other. Corporate & Other includes the shared costs for corporate functions, including human resources, information technology, finance and legal, in addition to revenue generated through royalty agreements with companies licensed to use the La-Z-Boy® brand name on various products. We consider our corporate functions to be other business activities and have aggregated them with our other insignificant operating segments including our global trading company in Hong Kong and Joybird, an e-commerce retailer that manufactures upholstered furniture such as sofas, loveseats, chairs, ottomans, sleeper sofas and beds, and also imports casegoods (wood) furniture such as occasional tables and other accessories. Joybird sells to the end consumer primarily online through its website, www.joybird.com. None of the operating segments included in Corporate & Other meet the requirements of reportable segments.
The following table presents sales and operating income (loss) by segment:
Quarter EndedNine Months Ended
(Unaudited, amounts in thousands)1/23/211/25/201/23/211/25/20
Sales
Wholesale segment:
Sales to external customers$274,314 $285,418 $720,258 $815,412 
Intersegment sales76,394 79,393 197,039 220,195 
Wholesale segment sales350,708 364,811 917,297 1,035,607 
Retail segment sales165,959 167,494 419,371 458,894 
Corporate and Other:
Sales to external customers29,923 22,944 75,145 62,395 
Intersegment sales3,768 2,725 9,004 8,137 
Corporate and Other sales33,691 25,669 84,149 70,532 
Eliminations(80,162)(82,118)(206,043)(228,332)
Consolidated sales$470,196 $475,856 $1,214,774 $1,336,701 
Operating Income (Loss)
Wholesale segment$35,686 $49,046 $95,309 $112,195 
Retail segment14,707 16,383 23,173 33,272 
Corporate and Other(15,979)(13,116)(31,804)(40,131)
Consolidated operating income34,414 52,313 86,678 105,336 
Interest expense(298)(265)(1,103)(891)
Interest income285 844 902 2,093 
Other income (expense), net6,532 (5,998)7,995 (5,390)
Income before income taxes$40,933 $46,894 $94,472 $101,148