v3.26.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Apr. 25, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill by Reportable Segment
We have goodwill on our consolidated balance sheet as follows:

Reportable Segment/UnitReporting UnitRelated Acquisition
Retail SegmentRetailIndependent La-Z-Boy 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 27, 2024 (1)
$20,085 $138,922 $55,446 $214,453 
Acquisitions— 11,269 — 11,269 
Impairment charge(20,581)— — (20,581)
Translation adjustment496 (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.
Schedule of Indefinite-Lived Intangible Assets
We have intangible assets on our consolidated balance sheet as follows:

Reportable SegmentIntangible AssetUseful Life
Wholesale Segment
American Drew® trade name (1)
Indefinite-lived
Retail SegmentReacquired rights to own and operate La-Z-Boy StoresIndefinite-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 NamesFinite-Lived Trade NameIndefinite-Lived Reacquired RightsOther Intangible AssetsTotal 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 
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 
Schedule of Finite-Lived Intangible Assets
We have intangible assets on our consolidated balance sheet as follows:

Reportable SegmentIntangible AssetUseful Life
Wholesale Segment
American Drew® trade name (1)
Indefinite-lived
Retail SegmentReacquired rights to own and operate La-Z-Boy StoresIndefinite-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 NamesFinite-Lived Trade NameIndefinite-Lived Reacquired RightsOther Intangible AssetsTotal 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 
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