Accumulated Other Comprehensive Loss

12 Months Ended

Apr. 29, 2023

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

Activity in accumulated other comprehensive loss was as follows:


(Amounts in thousands)	Translation adjustment		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	4,932		(96)		428		5,264


Amounts reclassified to net income	—		(9)		347		338
Tax effect	—		26		(197)		(171)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	4,932		(79)		578		5,431
Balance at April 24, 2021	$	3,041	$	370	$	(4,932)	$	(1,521)
Changes before reclassifications	(5,002)		(947)		1,539		(4,410)


Amounts reclassified to net income	—		59		306		365
Tax effect	—		220		(451)		(231)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(5,002)		(668)		1,394		(4,276)
Balance at April 30, 2022	$	(1,961)	$	(298)	$	(3,538)	$	(5,797)
Changes before reclassifications	(691)		(27)		879		161


Amounts reclassified to net income	—		231		193		424
Tax effect	—		(51)		(265)		(316)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(691)		153		807		269
Balance at April 29, 2023	$	(2,652)	$	(145)	$	(2,731)	$	(5,528)

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 noncontrolling interest were as follows:


	Fiscal Year Ended
	(52 weeks)		(53 weeks)		(52 weeks)
(Amounts in thousands)	4/29/2023		4/30/2022		4/24/2021
Balance as of the beginning of the year	$	8,897	$	8,648	$	15,553
Net income	1,277		2,311		1,068
Other comprehensive income (loss)	87		(802)		534
Dividends distributed to joint venture minority partners	—		(1,260)		(8,507)

Balance as of the end of the year	$	10,261	$	8,897	$	8,648