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Segment Information
 6 Months Ended
Oct. 28, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
Our reportable operating segments include the Wholesale segment and the Retail segment.

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 and manufacturing businesses. We aggregate these operating segments into one reportable segment because they are economically similar and 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 177 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 and Other. Corporate and 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 and Other meet the requirements of reportable segments.
The following table presents sales and operating income (loss) by segment:
Quarter EndedSix Months Ended
(Unaudited, amounts in thousands)10/28/202310/29/202210/28/202310/29/2022
Sales
Wholesale segment:
Sales to external customers$263,738 $319,613 $499,989 $643,341 
Intersegment sales101,229 126,618 198,453 244,708 
Wholesale segment sales364,967 446,231 698,442 888,049 
Retail segment sales214,309 252,152 422,552 488,173 
Corporate and Other:
Sales to external customers33,388 39,567 70,545 83,909 
Intersegment sales2,844 4,070 5,748 8,458 
Corporate and Other sales36,232 43,637 76,293 92,367 
Eliminations(104,073)(130,688)(204,201)(253,166)
Consolidated sales$511,435 $611,332 $993,086 $1,215,423 
Operating Income (Loss)
Wholesale segment$21,450 $38,476 $44,953 $64,618 
Retail segment27,935 41,500 57,199 79,652 
Corporate and Other(15,773)(18,093)(34,014)(29,744)
Consolidated operating income33,612 61,883 68,138 114,526 
Interest expense(101)(119)(223)(278)
Interest income4,042 1,138 7,098 1,612 
Other income (expense), net104 183 660 228 
Income before income taxes$37,657 $63,085 $75,673 $116,088