Accumulated Other Comprehensive Loss |
Note 14: Accumulated Other Comprehensive Loss Activity in accumulated other comprehensive loss was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in thousands) | | Translation adjustment | | | | Unrealized gain (loss) on marketable securities | | Net pension amortization and net actuarial gain (loss) | | Accumulated other comprehensive income (loss) | Balance at April 30, 2022 | | $ | (1,961) | | | | | $ | (298) | | | $ | (3,538) | | | $ | (5,797) | | Changes before reclassifications | | (691) | | | | | (27) | | | 879 | | | 161 | | | | | | | | | | | | | | | | | | | | | | | | Amounts reclassified to net income | | — | | | | | 231 | | | 193 | | | 424 | | Tax effect | | — | | | | | (51) | | | (265) | | | (316) | | Other comprehensive income (loss) attributable to La-Z-Boy Incorporated | | (691) | | | | | 153 | | | 807 | | | 269 | | Balance at April 29, 2023 | | $ | (2,652) | | | | | $ | (145) | | | $ | (2,731) | | | $ | (5,528) | | Changes before reclassifications | | (1,152) | | | | | 189 | | | 432 | | | (531) | | | | | | | | | | | | | | | | | | | | | | | | Amounts reclassified to net income | | — | | | | | 331 | | | 124 | | | 455 | | Tax effect | | — | | | | | (129) | | | (137) | | | (266) | | Other comprehensive income (loss) attributable to La-Z-Boy Incorporated | | (1,152) | | | | | 391 | | | 419 | | | (342) | | Balance at April 27, 2024 | | $ | (3,804) | | | | | $ | 246 | | | $ | (2,312) | | | $ | (5,870) | | Changes before reclassifications | | 2,297 | | | | | 132 | | | (205) | | | 2,224 | | | | | | | | | | | | | | | | | | | | | | | | Amounts reclassified to net income | | — | | | | | (11) | | | 83 | | | 72 | | Tax effect | | — | | | | | (30) | | | 30 | | | — | | Other comprehensive income (loss) attributable to La-Z-Boy Incorporated | | 2,297 | | | | | 91 | | | (92) | | | 2,296 | | Balance at April 26, 2025 | | $ | (1,507) | | | | | $ | 337 | | | $ | (2,404) | | | $ | (3,574) | |
We reclassified both the unrealized gain (loss) on marketable securities and the net pension amortization from accumulated other comprehensive loss to net income through other income (expense), net. The components of noncontrolling interest were as follows: | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended | | | (52 weeks) | | (52 weeks) | | (52 weeks) | (Amounts in thousands) | | 4/26/2025 | | 4/27/2024 | | 4/29/2023 | Balance as of the beginning of the year | | $ | 10,296 | | | $ | 10,261 | | | $ | 8,897 | | Net income | | 1,396 | | | 2,010 | | | 1,277 | | Other comprehensive income (loss) | | 1,075 | | | (803) | | | 87 | | Dividends distributed to joint venture minority partners | | (1,414) | | | (1,172) | | | — | | | | | | | | | Balance as of the end of the year | | $ | 11,353 | | | $ | 10,296 | | | $ | 10,261 | |
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