Accumulated Other Comprehensive Loss

6 Months Ended

Oct. 28, 2017

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Note 10: Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive loss for the quarter ended October 28, 2017, and October 29, 2016, is as follows:

(Unaudited, amounts in thousands)	Translation adjustment			Change in fair value of cash flow hedge			Unrealized gain on marketable securities			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at July 29, 2017	$	984		$	552		$	1,481		$	(33,265	)	$	(30,248	)
Changes before reclassifications	(247		)	(1,094		)	344			—			(997		)
Amounts reclassified to net income	—			(103		)	(8		)	836			725
Tax effect	—			456			(128		)	(319		)	9
Other comprehensive income (loss) attributable to La-Z- Boy Incorporated	(247		)	(741		)	208			517			(263		)
Balance at October 28, 2017	$	737		$	(189	)	$	1,689		$	(32,748	)	$	(30,511	)
(Unaudited, amounts in thousands)	Translation adjustment			Change in fair value of cash flow hedge			Unrealized gain on marketable securities			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at July 30, 2016	$	(485	)	$	(761	)	$	1,263		$	(33,818	)	$	(33,801	)
Changes before reclassifications	(188		)	(200		)	(226		)	—			(614		)
Amounts reclassified to net income	—			424			(14		)	823			1,233
Tax effect	—			(85		)	91			(314		)	(308		)
Other comprehensive income (loss) attributable to La-Z- Boy Incorporated	(188		)	139			(149		)	509			311
Balance at October 29, 2016	$	(673	)	$	(622	)	$	1,114		$	(33,309	)	$	(33,490	)

The activity in accumulated other comprehensive loss for the six months ended October 28, 2017, and October 29, 2016, is as follows:

(Unaudited, amounts in thousands)	Translation adjustment			Change in fair value of cash flow hedge			Unrealized gain on marketable securities			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at April 29, 2017	$	(927	)	$	74		$	1,752		$	(33,782	)	$	(32,883	)
Changes before reclassifications	1,664			(239		)	738			—			2,163
Amounts reclassified to net income	—			(186		)	(840		)	1,671			645
Tax effect	—			162			39			(637		)	(436		)
Other comprehensive income (loss) attributable to La-Z- Boy Incorporated	1,664			(263		)	(63		)	1,034			2,372
Balance at October 28, 2017	$	737		$	(189	)	$	1,689		$	(32,748	)	$	(30,511	)
(Unaudited, amounts in thousands)	Translation adjustment			Change in fair value of cash flow hedge			Unrealized gain on marketable securities			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at April 30, 2016	$	(445	)	$	(286	)	$	1,058		$	(34,327	)	$	(34,000	)
Changes before reclassifications	(228		)	(1,479		)	100			—			(1,607		)
Amounts reclassified to net income	—			936			(9		)	1,645			2,572
Tax effect	—			207			(35		)	(627		)	(455		)
Other comprehensive income (loss) attributable to La-Z- Boy Incorporated	(228		)	(336		)	56			1,018			510
Balance at October 29, 2016	$	(673	)	$	(622	)	$	1,114		$	(33,309	)	$	(33,490	)

In our consolidated statement of income, we reclassified the unrealized gain on marketable securities from accumulated other comprehensive loss to net income through other income (expense), net, reclassified the change in fair value of cash flow hedges to net income through cost of sales, and reclassified the net pension amortization to net income through other income (expense), net.

The components of non-controlling interest for the quarter and six months ended October 28, 2017, and October 29, 2016, were as follows:

	Quarter Ended					Six Months Ended
(Unaudited, amounts in thousands)	10/28/17		10/29/16			10/28/17		10/29/16
Balance as of the beginning of the period	$	11,684	$	10,244		$	11,186	$	10,070
Net income	310		272			403		474
Other comprehensive income (loss)	100		(73		)	505		(101		)
Balance as of the end of the period	$	12,094	$	10,443		$	12,094	$	10,443