10-Q
Quarterly Report
LA-Z-BOY INCORPORATED
LZB
NYSE
CIK: 57131
File #: 1-9656
Balance Sheet
45 line items · 2 periods
XBRL
| Item | Jul 27, 2024 | Apr 27, 2024 |
|---|---|---|
Current assets | ||
Cash and equivalents | 342,270,000 | 341,098,000 |
Receivables, net of allowance of $5,181 at 7/27/2024 and $5,076 at 4/27/2024 | 121,047,000 | 139,213,000 |
Inventories, net | 271,790,000 | 263,237,000 |
Other current assets | 99,268,000 | 93,260,000 |
Total current assets | 834,375,000 | 836,808,000 |
Property, plant and equipment, net | 298,781,000 | 298,224,000 |
Goodwill | 220,109,000 | 214,453,000 |
Operating Segments - Wholesale Segment | 20,684,000 | 20,085,000 |
Operating Segments - Retail Segment | 143,979,000 | 138,922,000 |
Corporate and Other | 55,446,000 | 55,446,000 |
Other intangible assets, net | 48,684,000 | 47,251,000 |
Finite-Lived Trade Name | 1,155,000 | 1,155,000 |
Finite-Lived Trade Name | 1,596,000 | 1,796,000 |
Indefinite- Lived Reacquired Rights | 44,279,000 | 42,640,000 |
Other Intangible Assets | 1,654,000 | 1,660,000 |
Deferred income taxes – long-term | 8,969,000 | 10,283,000 |
Right of use lease assets | 448,834,000 | 446,466,000 |
Other long-term assets, net | 57,863,000 | 59,957,000 |
Total assets | 1,917,615,000 | 1,913,442,000 |
Current liabilities | ||
Accounts payable | 94,165,000 | 96,486,000 |
Lease liabilities, short-term | 77,247,000 | 77,027,000 |
Accrued expenses and other current liabilities | 268,530,000 | 263,768,000 |
Total current liabilities | 439,942,000 | 437,281,000 |
Lease liabilities, long-term | 407,009,000 | 404,724,000 |
Other long-term liabilities | 60,188,000 | 58,077,000 |
Shareholders' equity | ||
Preferred shares – 5,000 authorized; none issued | 0 | 0 |
Common shares, $1.00 par value – 150,000 authorized; 42,015 outstanding at 7/27/2024 and 42,440 outstanding at 4/27/2024 | 42,015,000 | 42,440,000 |
Capital in excess of par value | 371,421,000 | 368,485,000 |
Retained earnings | 590,308,000 | 598,009,000 |
Accumulated other comprehensive loss | (4,535,000) | (5,870,000) |
Total La-Z-Boy Incorporated shareholders' equity | 999,209,000 | 1,003,064,000 |
Noncontrolling interests | 11,267,000 | 10,296,000 |
Total equity | 1,010,476,000 | 1,013,360,000 |
Common Shares | 42,015,000 | 42,440,000 |
Capital in Excess of Par Value | 371,421,000 | 368,485,000 |
Retained Earnings | 590,308,000 | 598,009,000 |
Accumulated Other Comprehensive Income (Loss) | (4,535,000) | (5,870,000) |
Non-Controlling Interests | 11,267,000 | 10,296,000 |
Translation adjustment | (2,597,000) | (3,804,000) |
Unrealized gain (loss) on marketable securities | 359,000 | 246,000 |
Net pension amortization and net actuarial loss | (2,297,000) | (2,312,000) |
Total liabilities and equity | 1,917,615,000 | 1,913,442,000 |