10-Q
Quarterly Report
LA-Z-BOY INCORPORATED
LZB
NYSE
CIK: 57131
File #: 1-9656
Balance Sheet
47 line items · 2 periods
XBRL
| Item | Oct 28, 2023 | Apr 29, 2023 |
|---|---|---|
Current assets | ||
Cash and equivalents | 329,632,000 | 343,374,000 |
Restricted cash | 3,835,000 | 3,304,000 |
Receivables, net of allowance of $4,714 at 10/28/2023 and $4,776 at 4/29/2023 | 134,394,000 | 125,536,000 |
Inventories, net | 268,480,000 | 276,257,000 |
Other current assets | 104,675,000 | 106,129,000 |
Total current assets | 841,016,000 | 854,600,000 |
Property, plant and equipment, net | 270,682,000 | 278,578,000 |
Goodwill | 208,473,000 | 205,008,000 |
Operating Segments - Wholesale Segment | 19,477,000 | 20,202,000 |
Operating Segments - Retail Segment | 133,550,000 | 129,360,000 |
Corporate and Other | 55,446,000 | 55,446,000 |
Other intangible assets, net | 41,515,000 | 39,375,000 |
Finite-Lived Trade Name | 1,155,000 | 1,155,000 |
Finite-Lived Trade Name | 2,195,000 | 2,594,000 |
Indefinite- Lived Reacquired Rights | 36,451,000 | 33,739,000 |
Other Intangible Assets | 1,714,000 | 1,887,000 |
Deferred income taxes – long-term | 8,477,000 | 8,918,000 |
Right of use lease assets | 452,232,000 | 416,269,000 |
Other long-term assets, net | 57,630,000 | 63,515,000 |
Total assets | 1,880,025,000 | 1,866,263,000 |
Current liabilities | ||
Accounts payable | 98,088,000 | 107,460,000 |
Lease liabilities, short-term | 77,401,000 | 77,751,000 |
Accrued expenses and other current liabilities | 256,325,000 | 290,650,000 |
Total current liabilities | 431,814,000 | 475,861,000 |
Lease liabilities, long-term | 406,458,000 | 368,163,000 |
Other long-term liabilities | 67,963,000 | 70,142,000 |
Shareholders' equity | ||
Preferred shares – 5,000 authorized; none issued | 0 | 0 |
Common shares, $1.00 par value – 150,000 authorized; 42,875 outstanding at 10/28/2023 and 43,318 outstanding at 4/29/2023 | 42,875,000 | 43,318,000 |
Capital in excess of par value | 361,409,000 | 358,891,000 |
Retained earnings | 567,391,000 | 545,155,000 |
Accumulated other comprehensive loss | (7,392,000) | (5,528,000) |
Total La-Z-Boy Incorporated shareholders' equity | 964,283,000 | 941,836,000 |
Noncontrolling interests | 9,507,000 | 10,261,000 |
Total equity | 973,790,000 | 952,097,000 |
Common Shares | 42,875,000 | 43,318,000 |
Capital in Excess of Par Value | 361,409,000 | 358,891,000 |
Retained Earnings | 567,391,000 | 545,155,000 |
Accumulated Other Comprehensive Income (Loss) | (7,392,000) | (5,528,000) |
Non-Controlling Interests | 9,507,000 | 10,261,000 |
Translation adjustment | (4,696,000) | (2,652,000) |
Unrealized gain (loss) on marketable securities | (12,000) | (145,000) |
Net pension amortization and net actuarial loss | (2,684,000) | (2,731,000) |
Accumulated other comprehensive income (loss) | (7,392,000) | (5,528,000) |
Total liabilities and equity | 1,880,025,000 | 1,866,263,000 |