Note 15: Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive loss for the fiscal years ended April 27, 2019, April 28, 2018, and April 29, 2017, were as follows:


			Change in				Net pension
			Fair Value		Unrealized		Amortization		Accumulated
			of Cash		Gain on		and Net		Other
	Translation		Flow		Marketable		Actuarial		Comprehensive
(Amounts in thousands)	Adjustment		Hedge		Securities		Gain (Loss)		Loss
Balance at April 30, 2016	$	(445)	$	(286)	$	1,058	$	(34,327)	$	(34,000)
Changes before reclassifications		(482)		(1,478)		1,592		(2,410)		(2,778)
Amounts reclassified to net income		—		2,060		(471)		3,290		4,879
Tax effect		—		(222)		(427)		(335)		(984)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated		(482)		360		694		545		1,117
Balance at April 29, 2017		(927)		74		1,752		(33,782)		(32,883)
Changes before reclassifications		3,315		164		844		3,257		7,580
Amounts reclassified to net income		—		(208)		(1,420)		3,341		1,713
Tax effect		—		124		200		(1,933)		(1,609)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated		3,315		80		(376)		4,665		7,684
Balance at April 28, 2018		2,388		154		1,376		(29,117)		(25,199)
Changes before reclassifications		(2,338)		(369)		330		(479)		(2,856)
Cumulative effect adjustment for investments (1)		—		—		(1,637)		—		(1,637)
Amounts reclassified to net income (2)		—		280		25		26,553		26,858
Tax effect		—		22		(88)		(562)		(628)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated		(2,338)		(67)		(1,370)		25,512		21,737
Balance at April 27, 2019	$	50	$	87	$	6	$	(3,605)	$	(3,462)

(1)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 Accounting Standards Update 2016-01 (see Note 1 for further information).

(2)Included in the amount reclassified from accumulated other comprehensive income is a net $23.8 million charge related to the pension termination that occurred in the fourth quarter of fiscal 2019 (see Note 11 for additional information). Of this amount, $28.2 million of expense was recorded as pension termination charge and $4.4 million of income was recorded in income tax expense in our consolidated statement of income.

We reclassified the unrealized gain/(loss) on marketable securities from accumulated other comprehensive loss to net income through other expense, net in our consolidated statement of income, 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 expense, net.

The components of non-controlling interest at April 27, 2019, April 28, 2018, and April 29, 2017, were as follows:


(Amounts in thousands)	4/27/2019		4/28/2018		4/29/2017
Balance as of the beginning of the year	$	13,035	$	11,186	$	10,070
Net income		1,567		729		1,062
Other comprehensive income (loss)		(134)		1,120		54
Balance as of the end of the year	$	14,468	$	13,035	$	11,186