10-K
Annual Report
LA-Z-BOY INCORPORATED
LZB
NYSE
CIK: 57131
File #: 1-9656
Balance Sheet
53 line items · 2 periods
XBRL
| Item | Apr 27, 2024 | Apr 29, 2023 |
|---|---|---|
Current assets | ||
Cash and equivalents | 341,098,000 | 343,374,000 |
Restricted cash | 0 | 3,304,000 |
Receivables, net of allowance of $5,076 at 4/27/2024 and $4,776 at 4/29/2023 | 139,213,000 | 125,536,000 |
Inventories, net | 263,237,000 | 276,257,000 |
Other current assets | 93,260,000 | 106,129,000 |
Total current assets | 836,808,000 | 854,600,000 |
Property, plant and equipment, net | 298,224,000 | 278,578,000 |
Goodwill | 214,453,000 | 205,008,000 |
Wholesale Segment | 20,085,000 | 20,202,000 |
Retail Segment | 138,922,000 | 129,360,000 |
Corporate and Other | 55,446,000 | 55,446,000 |
Other intangible assets, net | 47,251,000 | 39,375,000 |
Trade Name | 1,155,000 | 1,155,000 |
Trade Name | 1,796,000 | 2,594,000 |
Indefinite-Lived Reacquired Rights | 42,640,000 | 33,739,000 |
Other Intangible Assets | 1,660,000 | 1,887,000 |
Deferred income taxes – long-term | 10,283,000 | 8,918,000 |
Right of use lease assets | 446,466,000 | 416,269,000 |
Wholesale Segment | 125,286,000 | 92,195,000 |
Retail Segment | 290,457,000 | 299,536,000 |
Corporate and Other | 30,723,000 | 24,538,000 |
Other long-term assets, net | 59,957,000 | 63,515,000 |
Total assets | 1,913,442,000 | 1,866,263,000 |
Operating Segments - Wholesale Segment | 722,044,000 | 688,238,000 |
Operating Segments - Retail Segment | 650,586,000 | 615,752,000 |
Segment Reconciling Items | 540,812,000 | 562,273,000 |
Current liabilities | ||
Accounts payable | 96,486,000 | 107,460,000 |
Lease liabilities, short-term | 77,027,000 | 77,751,000 |
Accrued expenses and other current liabilities | 263,768,000 | 290,650,000 |
Total current liabilities | 437,281,000 | 475,861,000 |
Lease liabilities, long-term | 404,724,000 | 368,163,000 |
Other long-term liabilities | 58,077,000 | 70,142,000 |
Shareholders' equity | ||
Preferred shares – 5,000 authorized; none issued | 0 | 0 |
Common shares, $1 par value – 150,000 authorized; 42,440 outstanding at 4/27/2024 and 43,318 outstanding at 4/29/2023 | 42,440,000 | 43,318,000 |
Capital in excess of par value | 368,485,000 | 358,891,000 |
Retained earnings | 598,009,000 | 545,155,000 |
Accumulated other comprehensive loss | (5,870,000) | (5,528,000) |
Total La-Z-Boy Incorporated shareholders' equity | 1,003,064,000 | 941,836,000 |
Noncontrolling interests | 10,296,000 | 10,261,000 |
Total equity | 1,013,360,000 | 952,097,000 |
Common Shares | 42,440,000 | 43,318,000 |
Capital in Excess of Par Value | 368,485,000 | 358,891,000 |
Retained Earnings | 598,009,000 | 545,155,000 |
Accumulated Other Comprehensive Income (Loss) | (5,870,000) | (5,528,000) |
Non-Controlling Interests | 10,296,000 | 10,261,000 |
Translation adjustment | (3,804,000) | (2,652,000) |
Unrealized gain (loss) on marketable securities | 246,000 | (145,000) |
Net pension amortization and net actuarial loss | (2,312,000) | (2,731,000) |
Accumulated other comprehensive income (loss) | (5,870,000) | (5,528,000) |
Total liabilities and equity | 1,913,442,000 | 1,866,263,000 |