v3.25.2
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Apr. 26, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
We have goodwill on our consolidated balance sheet as follows:

Reportable Segment/UnitReporting UnitRelated Acquisition
Wholesale Segment
United Kingdom
Wholesale business in the United Kingdom and Ireland
Wholesale Segment
United Kingdom
La-Z-Boy United Kingdom Manufacturing (Furnico)
Retail SegmentRetail
La-Z-Boy Furniture Galleries® stores
Corporate and OtherJoybirdJoybird
The following table summarizes changes in the carrying amount of our goodwill by reportable segment:

(Amounts in thousands)Wholesale
Segment		Retail
Segment		Corporate
and Other		Total
Goodwill
Balance at April 29, 2023 (1)
$20,202 $129,360 $55,446 $205,008 
Acquisitions— 9,593 — 9,593 
Translation adjustment(117)(31)— (148)
Balance at April 27, 2024 (1)
20,085 138,922 55,446 214,453 
Acquisitions— 11,269 — 11,269 
Impairment(20,581)— — (20,581)
Translation adjustment496 (47)— 449 
Balance at April 26, 2025 (1)
$— $150,144 $55,446 $205,590 
(1)Includes $26.9 million of accumulated impairment losses in Corporate and Other.
Schedule of Indefinite-Lived Intangible Assets
We have intangible assets on our consolidated balance sheet as follows:

Reportable SegmentIntangible AssetUseful Life
Wholesale SegmentCustomer relationships from our acquisition of the wholesale business in the United Kingdom and Ireland
Amortizable over 15 year useful life
Wholesale Segment
American Drew® trade name
Indefinite-lived
Retail Segment
Reacquired rights to own and operate La-Z-Boy Furniture Galleries® stores
Indefinite-lived
Corporate and Other
Joybird® trade name
Amortizable over eight-year useful life
The following summarizes changes in our intangible assets:
(Amounts in thousands)Indefinite-Lived Trade NamesFinite-Lived Trade NameIndefinite-Lived Reacquired RightsOther Intangible AssetsTotal Intangible Assets
Balance at April 29, 2023$1,155 $2,594 $33,739 $1,887 $39,375 
Acquisitions— — 8,924 — 8,924 
Amortization— (798)— (218)(1,016)
Translation adjustment— — (23)(9)(32)
Balance at April 27, 2024$1,155 $1,796 $42,640 $1,660 $47,251 
Acquisitions— — 6,404 — 6,404 
Amortization— (798)— (222)(1,020)
Impairment— — — (1,479)(1,479)
Translation adjustment— — (36)41 5 
Balance at April 26, 2025$1,155 $998 $49,008 $— $51,161 
Schedule of Finite-Lived Intangible Assets
We have intangible assets on our consolidated balance sheet as follows:

Reportable SegmentIntangible AssetUseful Life
Wholesale SegmentCustomer relationships from our acquisition of the wholesale business in the United Kingdom and Ireland
Amortizable over 15 year useful life
Wholesale Segment
American Drew® trade name
Indefinite-lived
Retail Segment
Reacquired rights to own and operate La-Z-Boy Furniture Galleries® stores
Indefinite-lived
Corporate and Other
Joybird® trade name
Amortizable over eight-year useful life
The following summarizes changes in our intangible assets:
(Amounts in thousands)Indefinite-Lived Trade NamesFinite-Lived Trade NameIndefinite-Lived Reacquired RightsOther Intangible AssetsTotal Intangible Assets
Balance at April 29, 2023$1,155 $2,594 $33,739 $1,887 $39,375 
Acquisitions— — 8,924 — 8,924 
Amortization— (798)— (218)(1,016)
Translation adjustment— — (23)(9)(32)
Balance at April 27, 2024$1,155 $1,796 $42,640 $1,660 $47,251 
Acquisitions— — 6,404 — 6,404 
Amortization— (798)— (222)(1,020)
Impairment— — — (1,479)(1,479)
Translation adjustment— — (36)41 5 
Balance at April 26, 2025$1,155 $998 $49,008 $— $51,161