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Goodwill and Other Intangible Assets
 12 Months Ended
Apr. 26, 2014
Goodwill and Other Intangible Assets [Abstract]  
Goodwill and Other Intangible Assets
Note 8: Goodwill and Other Intangible Assets

During fiscal 2014, we acquired the assets of two independent La-Z-Boy Furniture Galleries® dealers in exchange for those dealers’ net notes and accounts receivable. As a result of these acquisitions we reacquired the right to own and operate La-Z-Boy Furniture Galleries® stores in those markets. We recorded an indefinite-lived intangible asset of $1.1 million in our Retail segment related to these reacquired rights, and goodwill of $1.1 million. See Note 2 for additional information.

Key assumptions used in the assessment of our goodwill were a discount rate of 12.2% and a terminal growth rate of 2%. The relative fair value of our goodwill significantly exceeds the carrying value as of April 26, 2014. All of our goodwill relates to our Retail segment.

The following is a roll-forward of goodwill for the fiscal years ended April 26, 2014, and April 27, 2013:
 
(Amounts in thousands)
 
Goodwill
 
Balance at April 28, 2012
 
$
—
 
Acquisitions
  
12,837
 
Balance at April 27, 2013
  
12,837
 
Acquisitions
  
1,086
 
Balance at April 26, 2014
 
$
13,923
 
The following is a roll-forward of other intangible assets for the fiscal years ended April 26, 2014, and April 27, 2013:
 
 
 
(Amounts in thousands)
 
Tradenames
  
Reacquired
Rights
  
Total Other
Intangible
Assets
 
Balance at April 28, 2012
 
$
3,028
  
$
—
  
$
3,028
 
Acquisitions
  
—
   
2,145
   
2,145
 
Impairment charges
  
(335
)
  
—
   
(335
)
Balance at April 27, 2013
  
2,693
   
2,145
   
4,838
 
Acquisitions
  
—
   
1,093
   
1,093
 
Restructuring
  
(1,265
)
  
—
   
(1,265
)
Impairment charges
  
(122
)
  
—
   
(122
)
Balance at April 26, 2014
 
$
1,306
  
$
3,238
  
$
4,544