Other Intangible Assets

6 Months Ended

Oct. 26, 2013

Other Intangible Assets [Abstract]

Other Intangible Assets

Note 5: Other Intangible Assets

During the second quarter of fiscal 2014, we acquired the assets of one independent La-Z-Boy Furniture Galleries® dealer in exchange for that dealer’s notes and accounts receivable net of reserves, valued at $1.6 million.  As a result of the acquisition we reacquired the right to own and operate La-Z-Boy Furniture Galleries® stores in that market.  We recorded an indefinite-lived intangible asset of $0.8 million in our Retail segment related to this reacquired right.

The following is a roll-forward of other intangible assets for the six months ended October 26, 2013:

(Unaudited, amounts in thousands)	Tradenames		Reacquired Rights		Total Other Intangible Assets
Balance at April 27, 2013	$	2,693	$	2,145	$	4,838
Acquisition during the second quarter of fiscal 2014		—		789		789
Balance at October 26, 2013	$	2,693	$	2,934	$	5,627