XML 26 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
9 Months Ended
Jan. 25, 2014
Segment Information [Abstract]  
Segment information
Our reportable operating segments are the Upholstery segment, the Casegoods segment and the Retail segment.
 
Upholstery Segment.  The Upholstery segment consists of two operating units: La-Z-Boy and England.  This segment manufactures or imports upholstered furniture. Upholstered furniture includes recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas.  The Upholstery segment sells directly to La-Z-Boy Furniture Galleries® stores, operators of Comfort Studios® locations, major dealers and other independent retailers.

Casegoods Segment. The Casegoods segment consists of four brands: American Drew, Lea, Hammary, and Kincaid.  This segment sells imported or manufactured wood furniture to furniture retailers.  Casegoods product includes bedroom, dining room, entertainment centers, occasional pieces and some coordinated upholstered furniture.  The Casegoods segment sells to major dealers and other independent retailers.

Retail Segment. The Retail segment consists of 100 company-owned La-Z-Boy Furniture Galleries® stores in 12 primary markets.  The Retail segment sells upholstered furniture, in addition to some casegoods and other accessories, to end consumers through the retail network.
 
 
Third Quarter Ended
  
Nine Months Ended
 
 (Unaudited, amounts in thousands)
 
1/25/14
  
1/26/13
  
1/25/14
  
1/26/13
 
Sales
 
  
  
  
 
Upholstery segment:
 
  
  
  
 
Sales to external customers
 
$
242,492
  
$
236,428
  
$
710,162
  
$
657,073
 
Intersegment sales
  
37,780
   
34,622
   
103,183
   
93,401
 
Upholstery segment sales
  
280,272
   
271,050
   
813,345
   
750,474
 
Casegoods segment:
                
Sales to external customers
  
27,267
   
30,496
   
85,733
   
95,841
 
Intersegment sales
  
2,367
   
2,115
   
7,269
   
5,907
 
Casegoods segment sales
  
29,634
   
32,611
   
93,002
   
101,748
 
 
                
Retail segment sales
  
80,212
   
72,772
   
219,845
   
191,089
 
Corporate and Other
  
404
   
515
   
1,952
   
1,845
 
Eliminations
  
(40,147
)
  
(36,737
)
  
(110,452
)
  
(99,308
)
Consolidated sales
 
$
350,375
  
$
340,211
  
$
1,017,692
  
$
945,848
 
 
                
Operating Income (Loss)
                
Upholstery segment
 
$
31,560
  
$
27,909
  
$
86,547
  
$
64,892
 
Casegoods segment
  
(41
)
  
200
   
1,161
   
2,381
 
Retail segment
  
3,087
   
2,668
   
8,264
   
105
 
Restructuring
  
60
   
(30
)
  
115
   
(2,633
)
Corporate and Other
  
(9,217
)
  
(7,935
)
  
(30,173
)
  
(24,046
)
Consolidated operating income
 
$
25,449
  
$
22,812
  
$
65,914
  
$
40,699