Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Jan. 22, 2022

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 January 22, 2022, and January 23, 2021, is as follows:

(Unaudited, amounts in thousands)	Translation adjustment		Unrealized gain (loss) on marketable securities		Net pension amortization and net actuarial loss		Accumulated other comprehensive income (loss)
Balance at October 23, 2021	$	2,340	$	320	$	(4,813)	$	(2,153)
Changes before reclassifications	(752)		(201)		—		(953)
Amounts reclassified to net income	—		16		75		91
Tax effect	—		45		(19)		26
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(752)		(140)		56		(836)
Balance at January 22, 2022	$	1,588	$	180	$	(4,757)	$	(2,989)
Balance at October 24, 2020	$	997	$	426	$	(5,380)	$	(3,957)
Changes before reclassifications	1,924		(27)		—		1,897
Amounts reclassified to net income	—		9		86		95
Tax effect	—		4		(21)		(17)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	1,924		(14)		65		1,975
Balance at January 23, 2021	$	2,921	$	412	$	(5,315)	$	(1,982)

The activity in accumulated other comprehensive income (loss) for the nine months ended January 22, 2022 and January 23, 2021, is as follows:

(Unaudited, amounts in thousands)	Translation adjustment		Unrealized gain (loss) on marketable securities		Net pension amortization and net actuarial loss		Accumulated other comprehensive income (loss)
Balance at April 24, 2021	$	3,041	$	370	$	(4,932)	$	(1,521)
Changes before reclassifications	(1,453)		(270)		—		(1,723)
Amounts reclassified to net income	—		18		225		243
Tax effect	—		62		(50)		12
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(1,453)		(190)		175		(1,468)
Balance at January 22, 2022	$	1,588	$	180	$	(4,757)	$	(2,989)
Balance at April 25, 2020	$	(1,891)	$	449	$	(5,510)	$	(6,952)
Changes before reclassifications	4,812		(11)		—		4,801
Amounts reclassified to net income	—		(38)		259		221
Tax effect	—		12		(64)		(52)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	4,812		(37)		195		4,970
Balance at January 23, 2021	$	2,921	$	412	$	(5,315)	$	(1,982)

            

We reclassified both the unrealized gain (loss) on marketable securities and the net pension amortization from accumulated other comprehensive loss to net income through other income (expense), net.

The components of non-controlling interest were as follows:

	Quarter Ended				Nine Months Ended
(Unaudited, amounts in thousands)	1/22/2022		1/23/2021		1/22/2022		1/23/2021
Balance as of the beginning of the period	$	8,380	$	7,873	$	8,648	$	15,553
Net income	615		357		2,157		607
Other comprehensive income (loss)	101		362		(449)		939
Dividends distributed to joint venture minority partners	—		—		(1,260)		(8,507)
Balance as of the end of the period	$	9,096	$	8,592	$	9,096	$	8,592