Accumulated Other Comprehensive Loss

9 Months Ended

Jan. 27, 2018

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Note 12: Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive loss for the quarter ended January 27, 2018, and January 28, 2017, 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 October 28, 2017	$	737	$	(189	)	$	1,689		$	(32,748	)	$	(30,511	)
Changes before reclassifications	2,896		495			671			—			4,062
Amounts reclassified to net income	—		22			(585		)	835			272
Tax effect	—		(72		)	23			(283		)	(332		)
Other comprehensive income attributable to La-Z-Boy Incorporated	2,896		445			109			552			4,002
Balance at January 27, 2018	$	3,633	$	256		$	1,798		$	(32,196	)	$	(26,509	)

(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 October 29, 2016	$	(673	)	$	(622	)	$	1,114		$	(33,309	)	$	(33,490	)
Changes before reclassifications	(383		)	(1,414		)	472			—			(1,325		)
Amounts reclassified to net income	—			762			(500		)	822			1,084
Tax effect	—			248			11			(313		)	(54		)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(383		)	(404		)	(17		)	509			(295		)
Balance at January 28, 2017	$	(1,056	)	$	(1,026	)	$	1,097		$	(32,800	)	$	(33,785	)

The activity in accumulated other comprehensive loss for the nine months ended January 27, 2018, and January 28, 2017, 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	4,560			256			1,409			—			6,225
Amounts reclassified to net income	—			(164		)	(1,425		)	2,506			917
Tax effect	—			90			62			(920		)	(768		)
Other comprehensive income attributable to La-Z-Boy Incorporated	4,560			182			46			1,586			6,374
Balance at January 27, 2018	$	3,633		$	256		$	1,798		$	(32,196	)	$	(26,509	)

(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	(611		)	(2,893		)	572			—			(2,932		)
Amounts reclassified to net income	—			1,698			(509		)	2,467			3,656
Tax effect	—			455			(24		)	(940		)	(509		)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(611		)	(740		)	39			1,527			215
Balance at January 28, 2017	$	(1,056	)	$	(1,026	)	$	1,097		$	(32,800	)	$	(33,785	)

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 nine months ended January 27, 2018, and January 28, 2017, were as follows:

	Quarter Ended					Nine Months Ended
(Unaudited, amounts in thousands)	1/27/18		1/28/17			1/27/18		1/28/17
Balance as of the beginning of the period	$	12,094	$	10,443		$	11,186	$	10,070
Net income	176		356			579		830
Other comprehensive income (loss)	689		(58		)	1,194		(159		)
Balance as of the end of the period	$	12,959	$	10,741		$	12,959	$	10,741