10-Q
Quarterly Report
LA-Z-BOY INCORPORATED
LZB
NYSE
CIK: 57131
File #: 1-9656
Balance Sheet
47 line items · 2 periods
XBRL
| Item | Jan 27, 2024 | Apr 29, 2023 |
|---|---|---|
Current assets | ||
Cash and equivalents | 329,324,000 | 343,374,000 |
Restricted cash | 3,855,000 | 3,304,000 |
Receivables, net of allowance of $4,399 at 1/27/2024 and $4,776 at 4/29/2023 | 119,383,000 | 125,536,000 |
Inventories, net | 276,833,000 | 276,257,000 |
Other current assets | 120,996,000 | 106,129,000 |
Total current assets | 850,391,000 | 854,600,000 |
Property, plant and equipment, net | 284,407,000 | 278,578,000 |
Goodwill | 209,526,000 | 205,008,000 |
Operating Segments - Wholesale Segment | 20,419,000 | 20,202,000 |
Operating Segments - Retail Segment | 133,661,000 | 129,360,000 |
Corporate and Other | 55,446,000 | 55,446,000 |
Other intangible assets, net | 45,633,000 | 39,375,000 |
Finite-Lived Trade Name | 1,155,000 | 1,155,000 |
Finite-Lived Trade Name | 1,995,000 | 2,594,000 |
Indefinite- Lived Reacquired Rights | 40,741,000 | 33,739,000 |
Other Intangible Assets | 1,742,000 | 1,887,000 |
Deferred income taxes – long-term | 8,716,000 | 8,918,000 |
Right of use lease assets | 460,403,000 | 416,269,000 |
Other long-term assets, net | 59,216,000 | 63,515,000 |
Total assets | 1,918,292,000 | 1,866,263,000 |
Current liabilities | ||
Accounts payable | 86,819,000 | 107,460,000 |
Lease liabilities, short-term | 77,601,000 | 77,751,000 |
Accrued expenses and other current liabilities | 275,522,000 | 290,650,000 |
Total current liabilities | 439,942,000 | 475,861,000 |
Lease liabilities, long-term | 418,149,000 | 368,163,000 |
Other long-term liabilities | 72,315,000 | 70,142,000 |
Shareholders' equity | ||
Preferred shares – 5,000 authorized; none issued | 0 | 0 |
Common shares, $1.00 par value – 150,000 authorized; 42,613 outstanding at 1/27/2024 and 43,318 outstanding at 4/29/2023 | 42,613,000 | 43,318,000 |
Capital in excess of par value | 365,111,000 | 358,891,000 |
Retained earnings | 575,376,000 | 545,155,000 |
Accumulated other comprehensive loss | (4,880,000) | (5,528,000) |
Total La-Z-Boy Incorporated shareholders' equity | 978,220,000 | 941,836,000 |
Noncontrolling interests | 9,666,000 | 10,261,000 |
Total equity | 987,886,000 | 952,097,000 |
Common Shares | 42,613,000 | 43,318,000 |
Capital in Excess of Par Value | 365,111,000 | 358,891,000 |
Retained Earnings | 575,376,000 | 545,155,000 |
Accumulated Other Comprehensive Income (Loss) | (4,880,000) | (5,528,000) |
Non-Controlling Interests | 9,666,000 | 10,261,000 |
Translation adjustment | (2,549,000) | (2,652,000) |
Unrealized gain (loss) on marketable securities | 330,000 | (145,000) |
Net pension amortization and net actuarial loss | (2,661,000) | (2,731,000) |
Accumulated other comprehensive income (loss) | (4,880,000) | (5,528,000) |
Total liabilities and equity | 1,918,292,000 | 1,866,263,000 |