XML 20 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Jan. 25, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedul of activity in accumulated other comprehensive loss

The activity in accumulated other comprehensive income (loss) for the quarters ended January 25, 2020, and January 26, 2019, is as follows:
(Unaudited, amounts in thousands)
 
Translation adjustment
 
Change in fair value of cash flow hedge
 
Unrealized gain (loss) on marketable securities
 
Net pension amortization and net actuarial loss
 
Accumulated other comprehensive loss
Balance at October 26, 2019
 
$
1,345

 
$
—

 
$
418

 
$
(4,231
)
 
$
(2,468
)
Changes before reclassifications
 
50

 
—

 
41

 
—

 
91

Amounts reclassified to net income
 
—

 
—

 
(20
)
 
55

 
35

Tax effect
 
—

 
—

 
(5
)
 
(14
)
 
(19
)
Other comprehensive income attributable to La-Z-Boy Incorporated
 
50

 
—

 
16

 
41

 
107

Balance at January 25, 2020
 
$
1,395

 
$
—

 
$
434

 
$
(4,190
)
 
$
(2,361
)
 
 
 
 
 
 
 
 
 
 
 
Balance at October 27, 2018
 
$
(24
)
 
$
(24
)
 
$
(197
)
 
$
(28,084
)
 
$
(28,329
)
Changes before reclassifications
 
800

 
—

 
72

 
—

 
872

Amounts reclassified to net income
 
—

 
93

 
48

 
687

 
828

Tax effect
 
—

 
(23
)
 
(30
)
 
(172
)
 
(225
)
Other comprehensive income attributable to La-Z-Boy Incorporated
 
800

 
70

 
90

 
515

 
1,475

Balance at January 26, 2019
 
$
776

 
$
46

 
$
(107
)
 
$
(27,569
)
 
$
(26,854
)
The activity in accumulated other comprehensive income (loss) for the nine months ended January 25, 2020, and January 26, 2019, is as follows:
(Unaudited, amounts in thousands)
 
Translation adjustment
 
Change in fair value of cash flow hedge
 
Unrealized gain (loss) on marketable securities
 
Net pension amortization and net actuarial loss
 
Accumulated other comprehensive loss
Balance at April 27, 2019
 
$
50

 
$
87

 
$
6

 
$
(3,605
)
 
$
(3,462
)
Changes before reclassifications
 
1,345

 
—

 
253

 
—

 
1,598

Reclassification of certain income tax effects (1)
 
—

 
(97
)
 
258

 
(708
)
 
(547
)
Amounts reclassified to net income
 
—

 
14

 
(28
)
 
164

 
150

Tax effect
 
—

 
(4
)
 
(55
)
 
(41
)
 
(100
)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated
 
1,345

 
(87
)
 
428

 
(585
)
 
1,101

Balance at January 25, 2020
 
$
1,395

 
$
—

 
$
434

 
$
(4,190
)
 
$
(2,361
)
 
 
 
 
 
 
 
 
 
 
 
Balance at April 28, 2018
 
$
2,388

 
$
154

 
$
1,376

 
$
(29,117
)
 
$
(25,199
)
Changes before reclassifications
 
(1,612
)
 
(369
)
 
175

 
—

 
(1,806
)
Cumulative effect adjustment for investments (2)
 
—

 
—

 
(1,637
)
 
—

 
(1,637
)
Amounts reclassified to net income
 
—

 
225

 
29

 
2,059

 
2,313

Tax effect
 
—

 
36

 
(50
)
 
(511
)
 
(525
)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated
 
(1,612
)
 
(108
)
 
(1,483
)
 
1,548

 
(1,655
)
Balance at January 26, 2019
 
$
776

 
$
46

 
$
(107
)
 
$
(27,569
)
 
$
(26,854
)
(1)
Income tax effects of the Tax Cuts and Jobs Act are reclassified from AOCI to retained earnings due to adoption of ASU 2018-02.
(2)
The cumulative effect adjustment for investments is composed of $2.1 million of unrealized gains on equity investments offset by $0.5 million of tax expense. We reclassified the net $1.6 million of cumulative effect adjustment from accumulated other comprehensive loss to retained earnings as a result of adopting ASU 2016-01.
Schedule of components of non-controlling interest
The components of non-controlling interest were as follows:
 
 
Quarter Ended
 
Nine Months Ended
(Unaudited, amounts in thousands)
 
1/25/20
 
1/26/19
 
1/25/20
 
1/26/19
Balance as of the beginning of the period
 
$
15,543

 
$
13,411

 
$
14,468

 
$
13,035

Net income
 
204

 
443

 
434

 
1,428

Other comprehensive income (loss)
 
(162
)
 
669

 
683

 
60

Balance as of the end of the period
 
$
15,585

 
$
14,523

 
$
15,585

 
$
14,523