Goodwill and Other Intangible Assets (Tables)
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12 Months Ended |
Apr. 25, 2026 |
| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Changes in Carrying Amount of Goodwill by Reportable Segment |
We have goodwill on our consolidated balance sheet as follows:
| | | | | | | | | | | | | | | | Reportable Segment/Unit | | Reporting Unit | | Related Acquisition | | Retail Segment | | Retail | | Independent La-Z-Boy Stores | | Corporate and Other | | Joybird | | Joybird |
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 27, 2024 (1) | | $ | 20,085 | | | $ | 138,922 | | | $ | 55,446 | | | $ | 214,453 | | | | | Acquisitions | | — | | | 11,269 | | | — | | | 11,269 | | | | | Impairment charge | | (20,581) | | | — | | | — | | | (20,581) | | | | | Translation adjustment | | 496 | | | (47) | | | — | | | 449 | | | | Balance at April 26, 2025 (1) | | — | | | 150,144 | | | 55,446 | | | 205,590 | | | | | Acquisitions | | — | | | 57,631 | | | — | | | 57,631 | | | | | Impairment charge | | — | | | — | | | (19,967) | | | (19,967) | | | | | Translation adjustment | | — | | | 46 | | | — | | | 46 | | | | Balance at April 25, 2026 (1) | | $ | — | | | $ | 207,821 | | | $ | 35,479 | | | $ | 243,300 | | | |
(1)Includes $26.9 million of accumulated impairment losses in Corporate and Other.
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| Schedule of Indefinite-Lived Intangible Assets |
We have intangible assets on our consolidated balance sheet as follows:
| | | | | | | | | | | | | | | | Reportable Segment | | Intangible Asset | | Useful Life | | Wholesale Segment | | American Drew® trade name (1) | | Indefinite-lived | | Retail Segment | | Reacquired rights to own and operate La-Z-Boy Stores | | Indefinite-lived | | Corporate and Other | | Joybird® trade name | | Amortizable over eight-year useful life |
(1)Reclassified to assets held for sale during the second quarter of fiscal 2026. Refer to Note 4, Assets Held for Sale, for further information. The following summarizes changes in our intangible assets:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in thousands) | | Indefinite-Lived Trade Names | | Finite-Lived Trade Name | | Indefinite-Lived Reacquired Rights | | Other Intangible Assets | | Total Intangible Assets | | 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 | | | Acquisitions | | — | | | — | | | 28,339 | | | — | | | 28,339 | | | Amortization | | — | | | (798) | | | — | | | — | | | (798) | | | Reclass to assets held for sale | | (1,155) | | | — | | | — | | | — | | | (1,155) | | | Translation adjustment | | — | | | — | | | 35 | | | — | | | 35 | | | Balance at April 25, 2026 | | $ | — | | | $ | 200 | | | $ | 77,382 | | | $ | — | | | $ | 77,582 | |
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| Schedule of Finite-Lived Intangible Assets |
We have intangible assets on our consolidated balance sheet as follows:
| | | | | | | | | | | | | | | | Reportable Segment | | Intangible Asset | | Useful Life | | Wholesale Segment | | American Drew® trade name (1) | | Indefinite-lived | | Retail Segment | | Reacquired rights to own and operate La-Z-Boy Stores | | Indefinite-lived | | Corporate and Other | | Joybird® trade name | | Amortizable over eight-year useful life |
(1)Reclassified to assets held for sale during the second quarter of fiscal 2026. Refer to Note 4, Assets Held for Sale, for further information. The following summarizes changes in our intangible assets:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in thousands) | | Indefinite-Lived Trade Names | | Finite-Lived Trade Name | | Indefinite-Lived Reacquired Rights | | Other Intangible Assets | | Total Intangible Assets | | 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 | | | Acquisitions | | — | | | — | | | 28,339 | | | — | | | 28,339 | | | Amortization | | — | | | (798) | | | — | | | — | | | (798) | | | Reclass to assets held for sale | | (1,155) | | | — | | | — | | | — | | | (1,155) | | | Translation adjustment | | — | | | — | | | 35 | | | — | | | 35 | | | Balance at April 25, 2026 | | $ | — | | | $ | 200 | | | $ | 77,382 | | | $ | — | | | $ | 77,582 | |
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