Document and Entity Information (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Apr. 26, 2014	Jun. 10, 2014	Oct. 25, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	LA-Z-BOY INC
Entity Central Index Key	0000057131
Current Fiscal Year End Date	--04-26
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,227.4
Entity Common Stock, Shares Outstanding		51,849,732
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Apr. 26, 2014

CONSOLIDATED STATEMENT OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
CONSOLIDATED STATEMENT OF INCOME [Abstract]
Sales	$ 1,357,318	$ 1,273,877	$ 1,166,705
Cost of sales
Cost of goods sold	888,025	854,542	795,957
Restructuring	4,839	2,480	13
Total cost of sales	892,864	857,022	795,970
Gross profit	464,454	416,855	370,735
Selling, general and administrative expense	375,158	349,101	321,770
Restructuring	0	151	268
Operating income	89,296	67,603	48,697
Interest expense	548	746	1,384
Interest income	761	620	609
Income from Continued Dumping and Subsidy Offset Act, net	0	0	11,066
Other income (expense), net	2,050	3,208	(38)
Income from continuing operations before income taxes	91,559	70,685	58,950
Income tax expense (benefit)	31,383	23,520	(25,052)
Income from continuing operations	60,176	47,165	84,002
Income (loss) from discontinued operations, net of tax	(3,796)	17	4,906
Net income	56,380	47,182	88,908
Net income attributable to noncontrolling interests	(1,324)	(793)	(942)
Net income attributable to La-Z-Boy Incorporated	55,056	46,389	87,966
Net income attributable to La-Z-Boy Incorporated:
Income from continuing operations attributable to La-Z-Boy Incorporated	58,852	46,372	83,060
Income (loss) from discontinued operations	(3,796)	17	4,906
Net income attributable to La-Z-Boy Incorporated	$ 55,056	$ 46,389	$ 87,966
Basic average shares (in shares)	52,386	52,351	51,944
Basic net income attributable to La-Z-Boy Incorporated per share:
Income from continuing operations attributable to La-Z-Boy Incorporated (in dollars per share)	$ 1.11	$ 0.87	$ 1.57
Income (loss) from discontinued operations, net of tax (in dollars per share)	$ (0.07)	$ 0	$ 0.09
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share)	$ 1.04	$ 0.87	$ 1.66
Diluted average shares (in shares)	53,829	53,685	52,478
Diluted net income attributable to La-Z-Boy Incorporated per share:
Income from continuing operations attributable to La-ZBoy Incorporated (in dollars per share)	$ 1.09	$ 0.85	$ 1.55
Income (loss) from discontinued operations, net of tax (in dollars per share)	$ (0.07)	$ 0	$ 0.09
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share)	$ 1.02	$ 0.85	$ 1.64
Dividends declared per share (in dollars per share)	$ 0.20	$ 0.08	$ 0

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 56,380	$ 47,182	$ 88,908
Other comprehensive income (loss)
Currency translation adjustment	(3,054)	1,089	(132)
Change in fair value of cash flow hedges, net of tax	(284)	231	28
Net unrealized gains (losses) on marketable securities, net of tax	624	(2,543)	(331)
Net pension amortization and actuarial gain (loss), net of tax	6,100	(2,653)	(12,209)
Total other comprehensive income (loss)	3,386	(3,876)	(12,644)
Total comprehensive income before allocation to noncontrolling interests	59,766	43,306	76,264
Comprehensive income attributable to noncontrolling interests	(594)	(1,132)	(775)
Comprehensive income attributable to La-Z-Boy Incorporated	$ 59,172	$ 42,174	$ 75,489

CONSOLIDATED BALANCE SHEET (USD $) In Thousands, unless otherwise specified	Apr. 26, 2014	Apr. 27, 2013
Current assets
Cash and equivalents	$ 149,661	$ 131,085
Restricted cash	12,572	12,686
Receivables, net of allowance of $12,368 at 4/26/14 and $21,607 at 4/27/13	152,614	160,005
Inventories, net	147,009	146,343
Deferred income taxes - current	15,037	20,640
Business held for sale	4,290	0
Other current assets	41,490	30,121
Total current assets	522,673	500,880
Property, plant and equipment, net	127,535	118,060
Goodwill	13,923	12,837
Other intangible assets	4,544	4,838
Deferred income taxes - long-term	32,430	30,572
Other long-term assets, net	70,190	53,184
Total assets	771,295	720,371
Current liabilities
Current portion of long-term debt	7,497	513
Accounts payable	56,177	50,542
Business held for sale	832	0
Accrued expenses and other current liabilities	102,876	99,108
Total current liabilities	167,382	150,163
Long-term debt	277	7,576
Other long-term liabilities	73,918	70,664
Contingencies and commitments	0	0
Shareholders' equity
Preferred shares - 5,000 authorized; none issued	0	0
Common shares, $1 par value - 150,000 authorized; 51,981 outstanding at 4/26/14 and 52,392 outstanding at 4/27/13	51,981	52,392
Capital in excess of par value	262,901	241,888
Retained earnings	238,384	226,044
Accumulated other comprehensive loss	(31,380)	(35,496)
Total La-Z-Boy Incorporated shareholders' equity	521,886	484,828
Noncontrolling interests	7,832	7,140
Total equity	529,718	491,968
Total liabilities and equity	$ 771,295	$ 720,371

CONSOLIDATED BALANCE SHEET (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Apr. 26, 2014	Apr. 27, 2013
Current assets
Receivables, allowance	$ 12,368	$ 21,607
Shareholders' equity
Preferred shares, authorized (in shares)	5,000	5,000
Preferred shares, issued (in shares)	0	0
Common shares, par value (in dollars per share)	$ 1	$ 1
Common shares, authorized (in shares)	150,000	150,000
Common shares, outstanding (in shares)	51,981	52,392

CONSOLIDATED STATEMENT OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
Cash flows from operating activities
Net income	$ 56,380	$ 47,182	$ 88,908
Adjustments to reconcile net income to cash provided by operating activities
(Gain) loss on disposal of assets	616	(659)	45
Gain on sale of investments	(300)	(3,170)	(519)
Gain on deconsolidation of VIE	0	0	(1,125)
Write-down of long-lived assets	1,149	0	0
Deferred income tax expense (benefit)	(216)	3,198	(42,146)
Restructuring	8,071	2,715	281
Provision for doubtful accounts	(2,651)	1,005	4,196
Depreciation and amortization	23,182	23,140	23,486
Stock-based compensation expense	8,739	11,458	5,718
Pension plan contributions	0	(23,480)	(5,798)
Change in receivables	3,337	7,139	(6,182)
Change in inventories	(9,444)	391	(7,414)
Change in other assets	(2,958)	(5,407)	3,318
Change in accounts payable	1,704	(6,088)	7,470
Change in other liabilities	3,223	11,016	12,610
Net cash provided by operating activities	90,832	68,440	82,848
Cash flows from investing activities
Proceeds from disposal of assets	2,233	4,455	372
Proceeds from sale of business	6,844	0	0
Capital expenditures	(33,730)	(25,912)	(15,663)
Purchases of investments	(54,233)	(49,589)	(7,944)
Proceeds from sales of investments	34,557	18,662	8,649
Cash effects on deconsolidation of VIE	0	0	(971)
Acquisitions, net of cash acquired	(801)	(15,832)	0
Change in restricted cash	114	(9,825)	(2,861)
Other	0	0	(676)
Net cash used for investing activities	(45,016)	(78,041)	(19,094)
Cash flows from financing activities
Payments on debt	(579)	(2,511)	(25,936)
Payments for debt issuance costs	0	0	(568)
Stock issued for stock and employee benefit plans	3,565	2,901	4,943
Excess tax benefit on stock option exercises	12,935	2,563	223
Purchases of common stock	(32,097)	(10,333)	(5,179)
Dividends paid	(10,514)	(4,236)	0
Net cash used for financing activities	(26,690)	(11,616)	(26,517)
Effect of exchange rate changes on cash and equivalents	(550)	(68)	(129)
Change in cash and equivalents	18,576	(21,285)	37,108
Cash and equivalents at beginning of period	131,085	152,370	115,262
Cash and equivalents at end of period	149,661	131,085	152,370
Supplemental disclosure of non-cash investing activities [Abstract]
Capital expenditures included in accounts payable	$ 5,303	$ 0	$ 0

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $) In Thousands, unless otherwise specified	Common Shares [Member]	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Non-Controlling Interests [Member]	Total
Balance at Apr. 30, 2011	$ 51,909	$ 222,339	$ 105,872	$ (18,804)	$ 2,824	$ 364,140
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			87,966		942	88,908
Other comprehensive income (loss)				(12,477)	(167)	(12,644)
Stock issued for stock and employee benefit plans, net of cancellations	835	4,011	(509)			4,337
Purchases of common stock	(500)	(958)	(3,721)			(5,179)
Stock option and restricted stock expense		5,717	1			5,718
Tax benefit from exercise of options		223				223
Dividends paid						0
Change in noncontrolling interests					2,312	2,312
Balance at Apr. 28, 2012	52,244	231,332	189,609	(31,281)	5,911	447,815
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			46,389		793	47,182
Other comprehensive income (loss)				(4,215)	339	(3,876)
Stock issued for stock and employee benefit plans, net of cancellations	817	1,849	(1,368)			1,298
Purchases of common stock	(669)	(5,314)	(4,350)			(10,333)
Stock option and restricted stock expense		11,458				11,458
Tax benefit from exercise of options		2,563				2,563
Dividends paid			(4,236)			(4,236)
Change in noncontrolling interests					97	97
Balance at Apr. 27, 2013	52,392	241,888	226,044	(35,496)	7,140	491,968
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			55,056		1,324	56,380
Other comprehensive income (loss)				4,116	(730)	3,386
Stock issued for stock and employee benefit plans, net of cancellations	937	2,395	(4,509)			(1,177)
Purchases of common stock	(1,348)	(3,056)	(27,693)			(32,097)
Stock option and restricted stock expense		8,739				8,739
Tax benefit from exercise of options		12,935				12,935
Dividends paid			(10,514)			(10,514)
Change in noncontrolling interests					98	98
Balance at Apr. 26, 2014	$ 51,981	$ 262,901	$ 238,384	$ (31,380)	$ 7,832	$ 529,718

Accounting Policies	12 Months Ended
Accounting Policies	Apr. 26, 2014
Accounting Policies [Abstract]
Accounting Policies	Note 1: Accounting Policies The following is a summary of significant accounting policies followed in the preparation of La-Z-Boy Incorporated and its subsidiaries’ (individually and collectively, “we,” “our” or the “Company”) consolidated financial statements. Our fiscal year ends on the last Saturday of April. Our 2014, 2013 and 2012 fiscal years included 52 weeks. Principles of Consolidation The accompanying consolidated financial statements include the consolidated accounts of La-Z-Boy Incorporated and our majority-owned subsidiaries. The portion of less than wholly-owned subsidiaries is included as non-controlling interest. All intercompany transactions have been eliminated, including any related profit on intercompany sales. Additionally, our consolidated financial statements previously included the accounts of certain entities in which we held a controlling interest based on exposure to economic risks and potential rewards (variable interests) for the periods in which we were the primary beneficiary. As of April 28, 2012, we no longer had any such arrangements where we were the primary beneficiary. Use of Estimates The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America. These principles require management to make estimates and assumptions that affect the reported amounts or disclosures of assets, liabilities (including contingent assets and liabilities), sales and expenses at the date of the financial statements. Actual results could differ from those estimates. Cash and Equivalents For purposes of the consolidated balance sheet and statement of cash flows, we consider all highly liquid debt instruments purchased with initial maturities of three months or less to be cash equivalents. Restricted Cash We have cash on deposit with a bank as collateral for certain letters of credit. Inventories Inventories are stated at the lower of cost or market. Cost is determined using the last-in, first-out (“LIFO”) basis for approximately 67% of our inventories at both April 26, 2014, and April 27, 2013. Cost is determined for all other inventories on a first-in, first-out (“FIFO”) basis. The FIFO method of accounting is mainly used for our Retail segment’s inventory as well as our England operating unit and our majority owned foreign subsidiaries. Property, Plant and Equipment Items capitalized, including significant betterments to existing facilities, are recorded at cost. Capitalized computer software costs include internal and external costs incurred during the software's development stage. Internal costs relate primarily to employee activities related to coding and testing the software under development. Computer software costs are depreciated over three to ten years. All maintenance and repair costs are expensed when incurred. Depreciation is computed principally using straight-line methods over the estimated useful lives of the assets. Disposal and Impairment of Long-Lived Assets Retirement or dispositions of long-lived assets are recorded based on carrying value and proceeds received. Any resulting gains or losses are recorded as a component of selling, general and administrative expenses. We review the carrying value of our long-lived assets for impairment annually or whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Our assessment of recoverability is based on our best estimates using either quoted market prices or an analysis of the undiscounted projected future cash flows by asset groups in order to determine if there is any evidence of impairment requiring us to further assess the fair value of our long-lived assets. Our asset groups consist of our operating units in our Upholstery segment (La-Z-Boy and England), components of our Casegoods segment that have identifiable cash flows (the first being American Drew and Kincaid, and the second being Hammary) and each of our retail stores. Indefinite-lived intangible assets and goodwill We test indefinite-lived intangibles for impairment on an annual basis in the fourth quarter of our fiscal year, or more frequently if events or changes in circumstances indicate that the asset might be impaired. Indefinite-lived intangible assets include certain of our trade names and the reacquired right to own and operate La-Z-Boy Furniture Galleries® stores in the southern Ohio and Las Vegas markets, and in northeast Ohio. Goodwill is tested for impairment by comparing the fair value of our reporting unit to its carrying value. Our goodwill relates to the acquisition of La-Z-Boy Furniture Galleries® stores in the southern Ohio market and in northeast Ohio. The reporting units for our goodwill are the southern Ohio retail market and the stores acquired in northeast Ohio, because the acquisition of the retail stores is where the goodwill was generated. The estimated fair value for the reporting unit is determined based upon discounted cash flows. In situations where the fair value is less than the carrying value, indicating a potential impairment, a second comparison is performed using a calculation of implied fair value of goodwill to measure any such impairment. We did not have any goodwill impairment during fiscal 2013 or 2014. Investments Available-for-sale securities are recorded at fair value with the net unrealized gains and losses (that are deemed to be temporary) reported as a component of other comprehensive income/(loss). Realized gains and losses and charges for other-than-temporary impairments are included in determining net income, with related purchase costs based on the first-in, first-out method. For impairments that are other-than-temporary, an impairment loss is recognized in earnings equal to the difference between the investment’s cost and its fair value at the balance sheet date of the reporting period for which the assessment is made. The fair value of the investment then becomes the new amortized cost basis of the investment and it is not adjusted for subsequent recoveries in fair value. Life Insurance Life insurance policies are recorded at the amount that could be realized under the insurance contract as of the date of our consolidated balance sheet. These assets are classified as other long-term assets on our consolidated balance sheet. The change in cash surrender or contract value is recorded as income or expense during each period. Revenue Recognition and Related Allowances for Credit Losses Substantially all of our shipping agreements with third-party carriers transfer the risk of loss to our customers upon shipment. Accordingly, our shipments using third-party carriers are generally recognized as revenue upon shipment of the product. In all cases, for product shipped on our company-owned trucks, revenue is recognized upon delivery. This revenue includes amounts billed to customers for shipping. Provisions are made at the time revenue is recognized for estimated product returns and warranties, as well as other incentives that may be offered to customers. We also recognize revenue for amounts received from our customers in connection with our shared advertising cost arrangement. We import certain products from foreign ports, which are shipped directly to our domestic customers. In this case, revenue is not recognized until title is assumed by our customer, which is normally after the goods pass through U.S. Customs. Incentives offered to customers include cash discounts and other sales incentive programs. Estimated cash discounts and other sales incentives are recorded as a reduction of revenues when the revenue is recognized. Trade accounts receivable arise from the sale of products on trade credit terms. On a quarterly basis, our management team reviews all significant accounts as to their past due balances, as well as collectability of the outstanding trade accounts receivable for possible write off. It is our policy to write off the accounts receivable against the allowance account when we deem the receivable to be uncollectible. Additionally, for those dealers that are significantly past due, we review their sales orders and ship product when collectability of the incremental sale is reasonably assured. We have notes receivable balances due to us from various customers. These notes receivable generally relate to past due accounts receivable which were converted to a note receivable in order to secure further collateral and personal guarantees from the customer. The collateral from the customer is generally in the form of inventory or real estate. In cases where we do not have sufficient collateral (excluding personal guarantees, if any) to support the carrying value of the note receivable, our policy is to recognize an allowance for credit losses for this difference. These allowances for credit losses reflect our best estimate of probable losses inherent in the trade accounts and notes receivable balances. We determine the allowance based on known troubled accounts, historic experience and other currently available evidence. Cost of Sales Our cost of sales consists primarily of the cost to manufacture or purchase our merchandise, inspection costs, internal transfer costs, in-bound freight costs, outbound shipping costs, as well as warehousing costs, occupancy costs and depreciation expense related to our manufacturing facilities and equipment. Selling, General and Administrative Expenses SG&A expenses include the costs of selling our products and other general and administrative costs. Selling expenses are primarily composed of commissions, advertising, warranty, bad debt expense and compensation and benefits of employees performing various sales functions. Additionally, the occupancy costs of our retail facilities and the warehousing costs of our regional distribution centers are included as a component of SG&A. Other general and administrative expenses included in SG&A are composed primarily of compensation and benefit costs for administration employees and other administrative costs. Research and Development Costs Research and development costs are charged to expense in the periods incurred. Expenditures for research and development costs from continuing operations were $7.9 million, $7.2 million and $7.3 million for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, respectively and are included as a component of SG&A. Advertising Expenses Production costs of commercials, programming and costs of other advertising, promotion and marketing programs are charged to expense in the period incurred. Gross advertising expenses were $59.6 million, $53.9 million and $47.7 million for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, respectively. A major portion of our advertising program is a national advertising campaign. This campaign is a shared advertising program with our La-Z-Boy Furniture Galleries® stores, which are reimbursing us for about 34.6% of the cost of the program (excluding company-owned stores). Because of this shared cost arrangement, the advertising expense is reported as a component of SG&A, while the dealers’ reimbursement portion is reported as a component of sales. Operating Leases We record rent expense related to operating leases on a straight-line basis for minimum lease payments starting with the beginning of the lease term based on the date that we have the right to control the leased property. Our minimum lease payments may incorporate step rent provisions or rent escalations. We also record rental income from subleases on a straight-line basis for minimum lease payments. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. In periods when deferred tax assets are recorded, we are required to estimate whether recoverability is more likely than not, based on, among other things, forecasts of taxable earnings in the related tax jurisdiction. We consider historical and projected future operating results, the eligible carry-forward period, tax law changes, tax planning opportunities and other relevant considerations when making judgments about realizing the value of our deferred tax assets. We recognize in our consolidated financial statements the benefit of a position taken or expected to be taken in a tax return when it is more likely than not (i.e. a likelihood of more than 50%) that the position would be sustained upon examination by tax authorities. A recognized tax position is then measured at the largest amount of benefit that is more likely than not to be realized upon settlement. Changes in judgment that result in subsequent recognition, derecognition or change in a measurement date of a tax position taken in a prior annual period (including any related interest and penalties) are recognized as a discrete item in the interim period in which the change occurs. Foreign Currency Translation The functional currency of our Mexico subsidiary is the U.S. dollar. Transaction gains and losses associated with translating our Mexico subsidiary’s assets and liabilities, which are non-U.S. dollar denominated, are recorded in other income/(expense) in our consolidated statement of income. The functional currency of each of our other foreign subsidiaries is its respective local currency. Assets and liabilities of those subsidiaries whose functional currency is their local currency are translated at the year-end exchange rates, and revenues and expenses are translated at average exchange rates for the period, with the corresponding exchange effect included as a component of other comprehensive income. When the foreign subsidiary has substantially ended operations, the remaining translation adjustments are recognized in other income/(expense) in our consolidated statement of income. Accounting for Stock-Based Compensation We estimate the fair value of equity-based awards on the date of grant using option-pricing models. The value of the portion of the equity-based awards that are ultimately expected to vest is recognized as expense over the requisite service periods in our consolidated statement of income using a straight-line single-option method. We measure stock-based compensation cost for liability-based awards based on the fair value of the award on the last day of the reporting period and recognize it as expense over the vesting period. The liability for these awards is remeasured and adjusted to its fair value at the end of each reporting period until paid. We record compensation cost for stock-based awards that vest based on performance conditions ratably over the vesting periods when the vesting of such awards become probable. Discontinued Operations During fiscal 2014, we sold substantially all of the assets of our Bauhaus U.S.A. business unit and classified Lea Industries as held for sale. The assets and liabilities of Lea Industries are reported in business held for sale in our fiscal 2014 consolidated balance sheet, and the operating results of both Bauhaus and Lea Industries are reported as discontinued operations in our consolidated statement of income for all periods presented. Certain prior year information for Bauhaus and Lea Industries has been reclassified to present these businesses as discontinued operations as a result of these transactions. These items had no impact on the amounts of previously reported net income attributable to La-Z-Boy Incorporated or total equity. Insurance/Self-Insurance We use a combination of insurance and self-insurance for a number of risks, including workers’ compensation, general liability, vehicle liability and the company-funded portion of employee-related health care benefits. Liabilities associated with these risks are estimated in part by considering historic claims experience, demographic factors, severity factors and other assumptions. Our workers’ compensation reserve is an undiscounted liability. We have various excess loss coverages for auto, product liability and workers’ compensation liabilities. Our deductibles generally do not exceed $1.5 million. Recent Accounting Pronouncements In April 2014, the Financial Accounting Standards Board issued accounting guidance related to disclosures about discontinued operations. The guidance amends the definition of discontinued operations to limit the disposals that may be reported as discontinued operations. The disposal must be a result of a change in an entity’s strategy and have a major effect on the entity’s operations and financial results to be reported as discontinued operations under the new guidance. The amendments also expand the required disclosures for discontinued operations to include additional information about the assets, liabilities, revenues, expenses, and cash flows of the discontinued operation. If the disposal does not qualify as discontinued operations under the amended guidance, the entity must now disclose the pretax profit or loss of the disposal. This guidance will be effective for fiscal 2016. In connection with the discontinued operations discussed in Note 4, we have elected not to early adopt the provisions of this recently issued accounting standard. We do not believe the adoption of this guidance will have a material impact on our consolidated financial statements. In May 2014, the Financial Accounting Standards Board issued accounting guidance on revenue recognition. The amended guidance will enhance the comparability of revenue recognition practices and will be applied to all contracts with customers. Improved disclosures related to the nature, amount, timing, and uncertainty of revenue that is recognized are requirements under the amended guidance. This guidance will be effective for fiscal 2018 and will be required to be applied retrospectively. We are currently assessing the impact that this guidance will have on our consolidated financial statements at this time.

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Acquisitions

12 Months Ended

Apr. 26, 2014

Acquisitions [Abstract]

Acquisitions

Note 2: Acquisitions

During the second quarter of fiscal 2014, we acquired the assets of one independent La-Z-Boy Furniture Galleries® dealer in exchange for that dealer’s net notes and accounts receivable, valued at $1.6 million. As a result of the acquisition we reacquired the right to own and operate La-Z-Boy Furniture Galleries® stores in that market. We recorded an indefinite-lived intangible asset of $0.6 million in our Retail segment related to this reacquired right, which will be amortized and deducted for federal income tax purposes over 15 years. These three stores were included in our Retail segment results upon acquisition.

During the third quarter of fiscal 2014, we acquired the assets of one independent La-Z-Boy Furniture Galleries® dealer in exchange for that dealer’s net notes and accounts receivable, valued at $1.4 million, and a cash payment to the dealer of $0.8 million. As a result of the acquisition we reacquired the right to own and operate La-Z-Boy Furniture Galleries® stores in that market. We recorded an indefinite-lived intangible asset of $0.5 million in our Retail segment related to this reacquired right, and goodwill of $1.1 million, which will be amortized and deducted for federal income tax purposes over 15 years. These two stores were included in our Retail segment results upon acquisition.

The fiscal 2014 acquisitions were not material to our financial position or our results of operations, and therefore, pro forma financial information is not presented. The net notes and accounts receivable described above are considered non-cash investing activities as they relate to our consolidated statement of cash flows.

In the second quarter of fiscal 2013, we acquired the assets of La-Z Recliner Shops, Inc., an independent operator of nine La-Z-Boy Furniture Galleries® stores and one distribution center in the southern Ohio market, for $17.4 million composed of cash and the forgiveness of accounts payable. The nine stores were included in our Retail segment results upon acquisition.

Prior to this acquisition, we had licensed the exclusive right to own and operate La-Z-Boy Furniture Galleries® stores in the southern Ohio market to La-Z Recliner Shops, Inc. The effective settlement of this arrangement resulted in no settlement gain or loss as the contractual terms were at market value. As a result of the acquisition we reacquired the right (a part of which relates to the use of associated trademarks and trade name in southern Ohio) to own and operate La-Z-Boy Furniture Galleries® stores in the southern Ohio market. We recorded an indefinite-lived intangible asset of $2.2 million related to this reacquired right. We also recognized $12.8 million of goodwill, which represents the purchase price in excess of the net assets acquired. The goodwill and other intangible assets were recorded in the Retail segment and will be amortized and deducted for federal income tax purposes over 15 years.

The purchase price allocations were based on fair values at the date of acquisition and are summarized in the following table:

	As of
(Amounts in thousands)	10/1/12
Current assets	$	4,260
Goodwill		12,837
Other intangible assets		2,145
Property, plant, and equipment, net		336
Total assets acquired		19,578

Current liabilities		(2,199	)

Net assets acquired	$	17,379

The impact of this acquisition on our results of operations was not material, and therefore, pro forma financial information is not presented.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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+ Details

Restructuring

12 Months Ended

Apr. 26, 2014

Restructuring [Abstract]

Restructuring

Note 3: Restructuring

During the fourth quarter of fiscal 2014, we committed to a restructuring of our casegoods business to transition to an all-import model for our wood furniture. As part of this restructuring, we will cease manufacturing casegoods in our Hudson, North Carolina facility during the second quarter of fiscal 2015, and transition our Kincaid and American Drew bedroom product lines to imported product. Due to this plant closure, we will also be exiting the hospitality business as we manufactured those products in our Hudson facility. We are transitioning our warehousing and repair functions from two North Wilkesboro, North Carolina facilities to Hudson. The two North Wilkesboro facilities are currently being marketed for sale, as will the wood-working equipment from our Hudson plant.

In addition, the restructuring of our Casegoods business includes marketing our youth furniture business, Lea Industries, for sale. The assets and liabilities of Lea Industries are classified as business held for sale as of the end of fiscal 2014, and the results of operations are reported as a component of discontinued operations. See Note 4 for further information related to our discontinued operations.

As a result of our restructuring actions, we recorded pre-tax charges of $8.1 million ($5.3 million after tax) during fiscal 2014, with $4.8 million pre-tax ($3.2 million after tax) related to continuing operations and $3.3 million pre-tax ($2.1 million after tax) related to discontinued operations. Fixed asset and inventory write-downs are based upon estimated net realizable value.

The table below details the total pre-tax restructuring expense recorded by type:

(Amounts in thousands)	4/26/14
Fixed asset write-downs	$	2,272
Inventory write-downs		2,216
Other		351
Total restructuring - continuing operations		4,839

Inventory write-downs		1,804
Tradename write-down		1,265
Other		163
Total restructuring - discontinued operations		3,232

Total restructuring expense	$	8,071

The restructuring expenses from continuing operations were recorded as a component of cost of sales and restructuring expenses related to discontinued operations were included in our loss from discontinued operations in our consolidated statement of income. The charges were all recorded at the end of fiscal 2014.

During fiscal 2013, we recorded a restructuring charge of $2.6 million, mainly related to fixed asset and inventory write-downs related to the closure of our lumber processing operation in our Casegoods segment.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References+ Details

Discontinued Operations

12 Months Ended

Apr. 26, 2014

Discontinued Operations [Abstract]

Discontinued Operations

Note 4: Discontinued Operations

During the fourth quarter of fiscal 2014, we sold substantially all of the assets of our Bauhaus U.S.A. business unit to a group of investors and also classified Lea Industries, a division of La-Z-Boy Greensboro, Inc., as business held for sale as part of a larger restructuring initiative (see Note 3 for additional information).

As a result of the sale of Bauhaus, we recorded an impairment to the value of the assets to be sold of $1.1 million, because the consideration paid was less than the recorded amount of the net assets to be sold. The operating results of our Bauhaus business unit are reported as discontinued operations for all periods presented. We had historically reported the results of our Bauhaus business unit as a component of our Upholstery segment. The transaction closed in the fourth quarter of fiscal 2014, and continuing cash flows from the end of the third quarter of fiscal 2014 through the closing date of the sale were not significant.

The results of the discontinued operations for Bauhaus for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, were as follows:

	Year Ended
(Amounts in thousands)	4/26/14			4/27/13			4/28/12
Net sales	$	33,608		$	37,282		$	37,043

Income (loss) from discontinued operations (including impairment of $1.1 million in fiscal 2014)	$	(1,560	)	$	1,088			791
Income tax benefit/(expense)		541			(412	)		(303	)
Income (loss) from discontinued operations, net of tax	$	(1,019	)	$	676		$	488

The final working capital adjustment for the sale of Bauhaus of $0.2 million will be paid to the purchaser in the first quarter of fiscal 2015. The assets and liabilities of Bauhaus that were disposed of as part of the sale were as follows:

(Amounts in thousands)	4/26/14
Assets
Receivables, net	$	3,780
Inventories, net		4,231
Other current assets		85
Property, plant, and equipment, net		518
Total assets	$	8,614

Liabilities
Accounts payable	$	1,290
Accrued expenses and other current liabilities		633
Total liabilities	$	1,923

The results of the discontinued operations for Lea Industries for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, were as follows:

	Year Ended
(Amounts in thousands)	4/26/14			4/27/13			4/28/12
Net sales	$	16,979		$	21,366		$	27,928

Income (loss) from discontinued operations (including restructuring of $3.3 million in fiscal 2014)	$	(4,472	)	$	(1,063	)	$	7,116
Income tax benefit/(expense)		1,695			404			(2,698	)
Income (loss) from discontinued operations, net of tax	$	(2,777	)	$	(659	)	$	4,418

The assets and liabilities of Lea Industries that were classified as held for sale are as follows:

(Amounts in thousands)	4/26/14
Assets
Receivables, net	$	1,190
Inventories, net		3,013
Other current assets		87
Total assets	$	4,290

Liabilities
Accounts payable	$	234
Accrued expenses and other current liabilities		576
Other long-term liabilities		22
Total liabilities	$	832

In the Consolidated Statement of Cash Flows, the activity of these operating units was included along with our activity from continuing operations.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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Allowance for Credit Losses

12 Months Ended

Apr. 26, 2014

Allowance for Credit Losses [Abstract]

Allowance for Credit Losses

Note 5: Allowance for Credit Losses

As of April 26, 2014, and April 27, 2013, we had gross notes receivable of $4.3 million from six customers and $8.3 million from nine customers, respectively, with a corresponding allowance for credit losses of $0.2 million and $2.0 million, respectively. We have collateral from these customers in the form of inventory and/or real estate to support the net carrying value of these notes. We do not accrue interest income on these notes receivable, but we record interest income when it is received. During the fiscal year ended April 26, 2014, $2.7 million of our notes receivable and a corresponding $1.9 million of allowance for credit losses were written off, primarily related to our acquisition of the assets of two independent La-Z-Boy Furniture Galleries® dealers during the year. Of the $4.3 million in notes receivable as of April 26, 2014, $0.7 million is expected to be repaid in the next twelve months, and was categorized as receivables in our consolidated balance sheet. As of April 27, 2013, $1.8 million of the $8.3 million in notes receivable were considered current and categorized as receivables in our consolidated balance sheet. The remainder of the notes receivable and the entire allowance for credit losses were categorized as other long-term assets.

The following is an analysis of the allowance for credit losses related to our notes receivable as of April 26, 2014, and April 27, 2013:

(Amounts in thousands)	4/26/2014			4/27/2013
Beginning balance	$	1,986		$	1,537
Recoveries		—			(73	)
Write-offs		(1,888	)		—
Provision for credit losses		60			522
Ending balance	$	158		$	1,986

Inventories

12 Months Ended

Apr. 26, 2014

Inventories [Abstract]

Inventories

Note 6: Inventories

(Amounts in thousands)	4/26/2014			4/27/2013
Raw materials	$	71,247		$	70,731
Work in process		13,722			12,182
Finished goods		91,842			93,273
FIFO inventories		176,811			176,186
Excess of FIFO over LIFO		(29,802	)		(29,843	)
Total inventories	$	147,009		$	146,343

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

Property, Plant and Equipment

12 Months Ended

Apr. 26, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 7: Property, Plant and Equipment

(Amounts in thousands)	Estimated Useful Lives		4/26/2014			4/27/2013
Buildings and building fixtures	3-40 years		$	161,490		$	171,346
Machinery and equipment	3-15 years			140,561			141,924
Information systems and software	3-10 years			64,208			62,005
Land		—		15,344			18,433
Land improvements	3-30 years			10,820			10,772
Transportation equipment	3-10 years			17,420			17,855
Furniture and fixtures	3-15 years			14,104			14,204
Construction in progress				31,233			4,496
				455,180			441,035
Accumulated depreciation				(327,645	)		(322,975	)
Net property, plant and equipment			$	127,535		$	118,060

Depreciation expense from continuing operations for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, was $19.3 million, $19.7 million, and $21.2 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Goodwill and Other Intangible Assets

12 Months Ended

Apr. 26, 2014

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

Note 8: Goodwill and Other Intangible Assets

During fiscal 2014, we acquired the assets of two independent La-Z-Boy Furniture Galleries® dealers in exchange for those dealers’ net notes and accounts receivable. As a result of these acquisitions we reacquired the right to own and operate La-Z-Boy Furniture Galleries® stores in those markets. We recorded an indefinite-lived intangible asset of $1.1 million in our Retail segment related to these reacquired rights, and goodwill of $1.1 million. See Note 2 for additional information.

Key assumptions used in the assessment of our goodwill were a discount rate of 12.2% and a terminal growth rate of 2%. The relative fair value of our goodwill significantly exceeds the carrying value as of April 26, 2014. All of our goodwill relates to our Retail segment.

The following is a roll-forward of goodwill for the fiscal years ended April 26, 2014, and April 27, 2013:

(Amounts in thousands)	Goodwill
Balance at April 28, 2012	$	—
Acquisitions		12,837
Balance at April 27, 2013		12,837
Acquisitions		1,086
Balance at April 26, 2014	$	13,923

The following is a roll-forward of other intangible assets for the fiscal years ended April 26, 2014, and April 27, 2013:

(Amounts in thousands)	Tradenames			Reacquired Rights		Total Other Intangible Assets
Balance at April 28, 2012	$	3,028		$	—	$	3,028
Acquisitions		—			2,145		2,145
Impairment charges		(335	)		—		(335	)
Balance at April 27, 2013		2,693			2,145		4,838
Acquisitions		—			1,093		1,093
Restructuring		(1,265	)		—		(1,265	)
Impairment charges		(122	)		—		(122	)
Balance at April 26, 2014	$	1,306		$	3,238	$	4,544

Investments

12 Months Ended

Apr. 26, 2014

Investments [Abstract]

Investments

Note 9: Investments

Our consolidated balance sheet at April 26, 2014, included $15.9 million of available-for-sale investments and $1.8 million of trading securities in other current assets and $43.2 million of available-for-sale investments in other long-term assets. Available-for-sale investments of $10.8 million and trading securities of $1.1 million were included in other current assets, and available-for-sale investments of $29.2 million were included in other long-term assets in our consolidated balance sheet at April 27, 2013. At April 26, 2014, and April 27, 2013, $44.7 million and $29.9 million, respectively, of these investments were to enhance returns on our cash. The remaining investments were designated to fund future obligations of our non-qualified defined benefit retirement plan and our executive deferred compensation plan. If there were a decline in the fair value of an investment below its cost and the decline was considered other-than-temporary, the amount of decline below cost would be charged against earnings.

The following is a summary of investments at April 26, 2014, and April 27, 2013:

Fiscal 2014
(Amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,246	$	(52	)	$	8,216
Fixed income		166		(44	)		50,510
Mutual funds		—		—			1,787
Other		1		(10	)		425
Total securities	$	1,413	$	(106	)	$	60,938

Fiscal 2013
(Amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	296	$	(152	)	$	6,668
Fixed income		159		(1	)		33,076
Mutual funds		—		—			1,126
Other		1		(3	)		220
Total securities	$	456	$	(156	)	$	41,090

The following table summarizes sales of available-for-sale securities (for the fiscal years ended):

(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Proceeds from sales	$	34,557		$	18,662		$	8,649
Gross realized gains		857			4,486			573
Gross realized losses		(559	)		(1,316	)		(54	)

The fair value of fixed income available-for-sale securities by contractual maturity was $15.9 million within one year, $32.7 million within two to five years, $1.4 million within six to ten years and $0.5 million thereafter.

- Definition

The entire disclosure for investments in certain debt and equity securities.

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Debt

12 Months Ended

Apr. 26, 2014

Debt [Abstract]

Debt

Note 11: Debt

(Amounts in thousands)	4/26/2014			4/27/2013
Industrial revenue bonds	$	7,100		$	7,100
Capital leases		674			989
Total debt		7,774			8,089
Less: current portion		(7,497	)		(513	)
Long-term debt	$	277		$	7,576

We maintain a revolving credit facility secured primarily by all of our accounts receivable, inventory, and cash deposit and securities accounts. Availability under the agreement fluctuates according to a borrowing base calculated on eligible accounts receivable and inventory. The credit agreement includes affirmative and negative covenants that apply under certain circumstances, including a 1.05 to 1.00 fixed charge coverage ratio requirement that applies when excess availability under the line is less than 12.5% of the revolving credit commitment of $150 million. At April 26, 2014, we were not subject to the fixed charge coverage ratio requirement, had no borrowings outstanding under the agreement, and had excess availability of $140.0 million.

Industrial revenue bonds were used to finance the construction of some of our manufacturing facilities. The facilities constructed from the bond proceeds are mortgaged as collateral for the bonds. Interest for our remaining bond is at a variable rate and at April 26, 2014, was approximately 0.1%. This bond matured and was paid in June 2014.

Fair value of our debt approximates the carrying value.

Capital leases consist primarily of long-term commitments for the purchase of information technology equipment and have maturities ranging from fiscal 2015 to fiscal 2017. Interest rates range from 7.6% to 9.1%.

Maturities of long-term capital leases, subsequent to April 26, 2014, are $0.2 million in fiscal 2016, and less than $0.1 million in fiscal 2017.

Cash paid for interest during fiscal years 2014, 2013 and 2012 was $0.5 million, $0.7 million, and $1.6 million, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Operating Leases

12 Months Ended

Apr. 26, 2014

Operating Leases [Abstract]

Operating Leases

Note 12: Operating Leases

We have operating leases for one manufacturing facility, executive and sales offices, warehouses, showrooms and retail facilities, as well as for transportation equipment, information technology and other equipment. The operating leases expire at various dates through fiscal 2030. We have certain retail facilities which we sublease to outside parties. The total rent liability included in our consolidated balance sheet as of April 26, 2014, and April 27, 2013, was $12.8 million and $11.7 million, respectively.

The future minimum rentals for all non-cancelable operating leases and future rental income from subleases are as follows (for the fiscal years):

(Amounts in thousands)	Future Minimum Rentals		Future Minimum Income
2015	$	51,972	$	4,077
2016		48,464		4,123
2017		45,815		3,890
2018		42,720		3,830
2019		38,544		3,833
2020 and beyond		111,864		11,283
Total	$	339,379	$	31,036

Rental expense and rental income from continuing operations for operating leases were as follows (for the fiscal years ended):

(Amounts in thousands)	4/26/2014		4/27/2013		4/28/2012
Rental expense	$	51,132	$	47,872	$	48,168
Rental income		5,138		5,095		4,655

- Definition

The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

+ References+ Details

Retirement and Welfare

12 Months Ended

Apr. 26, 2014

Retirement and Welfare [Abstract]

Retirement and Welfare

Note 13: Retirement and Welfare

Voluntary 401(k) retirement plans are offered to eligible employees within certain U.S. operating units. For most operating units, we make matching contributions based on specific formulas. We also make supplemental contributions to this plan for eligible employees based on achievement of operating performance targets.

A performance compensation retirement plan (“PCRP”) is maintained for eligible highly compensated employees. The company contributions to this plan are based on achievement of performance targets. As of April 26, 2014, we had $2.5 million of obligations for this plan included in other long-term liabilities.

We also maintain an executive deferred compensation plan for eligible highly compensated employees. An element of this plan allows contributions for eligible highly compensated employees. As of April 26, 2014, and April 27, 2013, we had $12.3 million and $10.0 million, respectively, of obligations for this plan included in other long-term liabilities. We had life insurance contracts related to this plan at April 26, 2014, and at April 27, 2013, with cash surrender values of $10.9 million and $8.9 million, respectively, which are included in other long-term assets. Mutual funds related to this plan are considered trading securities and are included in other current assets at April 26, 2014, and at April 27, 2013, with market values of $1.8 million and $1.1 million, respectively.

We maintain a non-qualified defined benefit retirement plan for certain former salaried employees. Included in other long-term liabilities were plan obligations of $16.2 million and $17.0 million at April 26, 2014, and April 27, 2013, respectively, which represented the unfunded projected benefit obligation of this plan. During fiscal 2014, the total cost recognized for this plan was $0.8 million, which primarily related to interest cost. The actuarial gain recognized in accumulated other comprehensive loss was $0.4 million and the benefit payments during the year were $1.1 million. Benefit payments are scheduled to be approximately $1.1 million annually for the next ten years. The discount rate used to determine the obligations under this plan was 4.3% as of the end of fiscal 2014. During fiscal 2013, the total cost recognized for this plan was $0.8 million, which primarily related to interest cost. The actuarial loss recognized in accumulated other comprehensive loss was $1.1 million and the benefit payments during the year were $1.1 million. The discount rate used to determine the obligations under this plan was 3.7% as of the end of fiscal 2013. This plan is not funded and is excluded from the obligation charts and disclosures that follow. We hold available-for-sale marketable securities to fund future obligations of this plan in a Rabbi trust (see Notes 9 and 21). We are not required to fund the non-qualified defined benefit retirement plan in fiscal year 2015; however, we have the discretion to make contributions to the Rabbi trust.

We also maintain a defined benefit pension plan for eligible factory hourly employees at one operating unit. Active participants continue to earn service cost. The measurement dates for the pension plan assets and benefit obligations were April 26, 2014, April 27, 2013, and April 28, 2012, in the years presented.

The changes in plan assets and benefit obligations were recognized in accumulated other comprehensive loss as follows (pre-tax) (for the fiscal years ended):

(Amounts in thousands)	4/26/2014			4/27/2013
Beginning of year net actuarial loss	$	48,745		$	45,270
Net current year actuarial (gain) loss		(5,932	)		6,499
Amortization of actuarial loss		(3,388	)		(3,024	)
End of year net actuarial loss	$	39,425		$	48,745

In fiscal 2015, we expect to amortize $2.7 million of unrecognized actuarial losses as a component of pension expense.

The combined net periodic pension cost and retirement costs for retirement plans related to continuing operations were as follows (for the fiscal years ended):

(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Service cost	$	1,241		$	1,231		$	1,110
Interest cost		4,822			5,325			5,565
Expected return on plan assets		(6,800	)		(6,855	)		(6,820	)
Net amortization and deferral		3,388			3,024			1,635
Net periodic pension cost (hourly plan)		2,651			2,725			1,490
401(k)*		5,802			5,198			2,473
PCRP*		2,513			—			—
Other*		223			191			107
Total retirement costs (excluding non-qualified defined benefit retirement plan)	$	11,189		$	8,114		$	4,070

*Not determined by an actuary

The funded status of the defined benefit pension plan for eligible factory hourly employees was as follows:

(Amounts in thousands)	4/26/2014			4/27/2013
Change in benefit obligation
Benefit obligation at beginning of year	$	123,495		$	118,347
Service cost		1,241			1,231
Interest cost		4,822			5,325
Actuarial (gain) loss		(3,565	)		8,178
Benefits paid		(9,123	)		(9,586	)
Benefit obligation at end of year		116,870			123,495

Change in plan assets
Fair value of plan assets at beginning of year		111,430			89,002
Actual return on plan assets		9,494			9,060
Employer contributions	—				23,480
Other expenses		(327	)		(526	)
Benefits paid		(9,123	)		(9,586	)
Fair value of plan assets at end of year		111,474			111,430

Funded status	$	(5,396	)	$	(12,065	)

Amounts included in the consolidated balance sheet related to the defined benefit pension plan for eligible factory hourly employees consist of:

(Amounts in thousands)		4/26/2014				4/27/2013
Other long-term liabilities		$	(5,396	)		$	(12,065	)

The actuarial assumptions for the defined benefit pension plan for eligible factory hourly employees were as follows (for the fiscal years ended):

	4/26/2014			4/27/2013			4/28/2012
Discount rate used to determine benefit obligations		4.4	%		4.0	%		4.6	%
Discount rate used to determine net benefit cost		4.0	%		4.6	%		5.6	%
Long-term rate of return		4.7	%		6.3	%		7.8	%

Consistent with prior years, the discount rate is calculated by matching a pool of high quality bond payments to the plan’s expected future benefit payments as determined by our actuary. The long-term rate of return was determined based on the average rate of earnings expected on the funds invested or to be invested to provide the benefits of these plans. This included considering the trust’s asset allocation, investment strategy, and the expected returns likely to be earned over the life of the plans. This is based on our goal of earning the highest rate of return while maintaining acceptable levels of risk. We strive to have assets within the plan that are diversified so that unexpected or adverse results from one asset class will not have a significant negative impact on the entire portfolio.

Our investment objective is to minimize the volatility of the value of our pension assets relative to pension liabilities and to ensure assets are sufficient to pay plan benefits by matching the characteristics of our assets relative to our liabilities. At the end of fiscal 2014, approximately 90% of the plan’s assets were invested in fixed rate investments with a duration that approximates the duration of its liabilities, and the remainder of the assets were invested in equity investments.

The investment strategy and policy for the pension plan reflects a balance of risk-reducing and return-seeking considerations. The objective of minimizing the volatility of assets relative to liabilities is addressed primarily through asset-liability matching and asset diversification. The fixed income target asset allocation matches the bond-like and long-dated nature of the pension liabilities. Assets are broadly diversified within all asset classes to achieve adequate risk-adjusted returns while reducing the sensitivity of the pension plan funding status to market interest rates and equity return volatility, and maintaining liquidity sufficient to meet our defined benefit pension plan obligations.

Investments are reviewed at least quarterly and rebalanced as needed. The overall expected long-term rate of return is determined by using long-term historical returns for equity and debt securities in proportion to their weight in the investment portfolio.

The following table presents the fair value of the assets in our defined benefit pension plan for eligible factory hourly employees at April 26, 2014, and April 27, 2013. The various levels of the fair value hierarchy are described in Note 21.

Fiscal 2014
(Amounts in thousands)	Level 1 (a)		Level 2 (a)		Level 3
Cash and equivalents	$	207	$	6,083	$	—
Equity funds		22,623		7,736		—
Debt funds		—		74,825		—
Total	$	22,830	$	88,644	$	—

(a)

There were no transfers between Level 1 and Level 2 during fiscal 2014.

Fiscal 2013
(Amounts in thousands)	Level 1 (b)		Level 2 (b)		Level 3
Cash and equivalents	$	429	$	15,767	$	—
Equity funds		47,047		16,140		—
Debt funds		—		32,047		—
Total	$	47,476	$	63,954	$	—

(b)

There were no transfers between Level 1 and Level 2 during fiscal 2013.

Level 1 retirement plan assets include U.S. currency held by a designated trustee and equity funds of common and preferred securities issued by U.S. and non-U.S. corporations. These equity funds are traded actively on exchanges and price quotes for these shares are readily available.

Cash and equivalents of commingled funds generally valued using observable market data are categorized as Level 2 assets. Equity funds categorized as Level 2 include common trust funds which are composed of shares or units in open ended funds with active issuances and redemptions. The value of these funds is determined based on the net asset value of the funds, the underlying assets of which are publicly traded on exchanges. Price quotes for the assets held by these funds are readily available. Debt funds categorized as Level 2 consist of corporate fixed income securities issued by U.S. and non-U.S. corporations and fixed income securities issued directly by the U.S. Treasury or by government-sponsored enterprises which are valued using a bid evaluation process with bid data provided by independent pricing sources using observable market data.

Our funding policy is to contribute to our defined benefit pension plan amounts sufficient to meet the minimum funding requirement as defined by employee benefit and tax laws, plus additional amounts which we determine to be appropriate. During fiscal 2014, we made no contributions to our defined benefit pension plan and we currently do not expect to contribute funds to our defined benefit pension plan during fiscal 2015.

The expected benefit payments by our defined benefit pension plan for eligible factory hourly employees for each of the next five fiscal years and for periods thereafter are presented in the following table:

(Amounts in thousands)	Benefit Payments
2015	$	5,574
2016		5,625
2017		5,772
2018		5,906
2019		6,077
2020 to 2024		33,253
	$	62,207

Product Warranties

12 Months Ended

Apr. 26, 2014

Product Warranties [Abstract]

Product Warranties

Note 14: Product Warranties

We accrue an estimated liability for product warranties at the time the revenue is recognized. We estimate future warranty claims based on claim experience and any additional anticipated future costs on previously sold products. Our liability estimates incorporate the cost of repairs including materials consumed, labor and overhead amounts necessary to perform the repair and any costs associated with delivery of the repaired product to the customer. Approximately 95% of our warranty liability relates to our Upholstery segment as we generally warrant our products against defects for one year on fabric and leather, from one to ten years on cushions and padding, and up to a lifetime on certain mechanisms and frames. Labor costs relating to our parts are warrantied for one year. Considerable judgment is used in making our estimates. Differences between actual and estimated costs are recorded when the differences are known.

A reconciliation of the changes in our product warranty liability is as follows:

(Amounts in thousands)	4/26/2014			4/27/2013
Balance as of the beginning of the year	$	15,525		$	14,327
Accruals during the year		15,785			15,370
Reclass to discontinued operations		(367	)		—
Settlements during the year		(14,930	)		(14,172	)
Balance as of the end of the year	$	16,013		$	15,525

As of April 26, 2014, and April 27, 2013, $9.8 million and $9.5 million, respectively, of our product warranty liability was included in accrued expenses and other current liabilities in our consolidated balance sheet, with the remainder included in other long-term liabilities. The accruals recorded during the periods presented primarily reflect charges related to warranties issued during the respective periods.

Contingencies and Commitments	12 Months Ended
Contingencies and Commitments	Apr. 26, 2014
Contingencies and Commitments [Abstract]
Contingencies and Commitments	Note 15: Contingencies and Commitments We have been named as a defendant in various lawsuits arising in the ordinary course of business and as a potentially responsible party at certain environmental clean-up sites, the effect of which are not considered significant. Based on a review of all currently known facts and our experience with previous legal and environmental matters, we have recorded expense in respect of probable and reasonably estimable losses arising from legal and environmental matters and currently do not anticipate any material additional loss for legal or environmental matters.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Stock-Based Compensation

12 Months Ended

Apr. 26, 2014

Stock-Based Compensation [Abstract]

Stock-Based Compensation

Note 16: Stock-Based Compensation

In the second quarter of fiscal 2014, our shareholders amended the La-Z-Boy Incorporated 2010 Omnibus Incentive Plan which was approved in fiscal 2011. This plan provides for the grant of stock options, stock appreciation rights, restricted stock, stock units (including deferred stock units), unrestricted stock, dividend equivalent rights, and short-term cash incentive awards. Under this plan, as amended, the aggregate number of common shares that may be issued through awards of any form is 8.7 million shares. No grants may be issued under our previous plans.

The table below summarizes the grants made during fiscal 2014:

(Shares/units in thousands)

Shares/units

granted

Liability/

Equity

award

Settlement

Stock options

175

Equity

Common shares

Stock appreciation rights (“SARs”)

142

Liability

Cash

Restricted stock units – employees

125

Liability

Cash

Restricted stock units – directors

Equity

Common shares

Performance-based units

Liability

Cash

Performance-based shares

191

Equity

Common shares

The table below summarizes the total stock-based compensation expense recognized in our consolidated statement of income:

(Amounts in thousands)	4/26/2014		4/27/2013		4/28/2012
Equity-based awards expense	$	8,739	$	11,458	$	5,718
Liability-based awards expense		5,736		2,170		405
Total stock-based compensation expense	$	14,475	$	13,628	$	6,123

Stock Options. The La-Z-Boy Incorporated 2010 Omnibus Incentive Plan authorizes grants to certain employees and directors to purchase common shares at a specified price, which may not be less than 100% of the current market price of the stock at the date of grant. Compensation expense for stock options is equal to the fair value on the date the award was approved and is recognized over the vesting period. The vesting period for our stock options ranges from one to four years. Options granted to retirement eligible employees are expensed immediately because they vest upon retirement. Granted options outstanding under the former long-term equity award plan remain in effect and have a term of five or ten years.

Stock option expense recognized in selling, general and administrative expense for fiscal years 2014, 2013, and 2012 was $2.1 million, $2.3 million, and $1.9 million, respectively. We received $3.6 million, $2.9 million, and $4.9 million in cash during fiscal 2014, fiscal 2013, and fiscal 2012, respectively, for exercises of stock options.

Plan activity for stock options under the above plans is as follows:

	Number of Shares (In Thousands)			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at April 27, 2013		1,256		$	9.78		4.7	$	10,537
Granted		175			19.06
Exercised		(589	)		9.00			$	8,335
Expired		(42	)		20.44
Canceled		(2	)		21.68
Outstanding at April 26, 2014		798		$	11.79		7.5	$	10,185
Exercisable at April 26, 2014		287		$	8.78		6.3	$	4,531

The aggregate intrinsic value of options exercised was $6.0 million and $4.5 million in fiscal 2013 and 2012, respectively. As of April 26, 2014, there was $1.0 million of total unrecognized compensation cost related to non-vested stock option awards, which is expected to be recognized over a weighted-average remaining vesting term of all unvested awards of 2.3 years. During the year ended April 26, 2014, 0.5 million shares vested.

The fair value of each option grant was estimated at the date of the grant using a Black-Scholes option-pricing model, which requires management to make certain assumptions. Expected volatility was estimated based on the historical volatility of our common shares. The average expected life was based on the contractual term of the stock option and expected employee exercise and post-vesting employment termination trends. The risk-free rate was based on U.S. Treasury issues with a term equal to the expected life assumed at the date of grant. The turnover rate was estimated at the date of grant based on historical experience. The fair value of stock options granted during fiscal 2014, fiscal 2013, and fiscal 2012 were calculated using the following assumptions:

	4/26/2014			4/27/2013			4/28/2012
Risk-free interest rate		0.84	%		0.75	%		1.5	%
Dividend rate		0.84	%		0	%		0	%
Expected life in years		5.0			5.0			5.5
Stock price volatility		81.3	%		83.8	%		88.8	%
Turnover rate		0	%		0	%		4.0	%
Fair value per share	$	11.63		$	7.87		$	6.68

Stock Appreciation Rights. Under the La-Z-Boy Incorporated 2010 Omnibus Incentive Plan, the Compensation Committee of the board of directors is authorized to award stock appreciation rights to certain employees. SARs will be paid in cash upon vesting and as such were accounted for as liability-based awards that will be remeasured to reflect the fair value at the end of each reporting period. These awards vest at 25% per year, beginning one year from the grant date for a term of four years. The fair value for the SARs is estimated at the end of each period using the Black-Scholes option-pricing model, which requires management to make certain assumptions. The average expected life was based on the contractual term of the SARs and expected employee exercise and post-vesting employment termination trends (which is consistent with the expected life of our option awards). The risk-free rate was based on U.S. Treasury issues with a term equal to the expected life assumed at the end of the reporting period. Compensation expense of $1.1 million and $0.6 million related to SARs was recognized in selling, general and administrative expense for the years ended April 26, 2014, and April 27, 2013, respectively. The unrecognized compensation cost at April 26, 2014, related to SARs was $1.4 million and is expected to be recognized over a weighted-average remaining contractual term of all unvested awards of 2.3 years.

The fair value of the SARs granted during fiscal 2014 was remeasured at April 26, 2014, using the following assumptions:

	4/26/2014
Risk-free interest rate		1.64	%
Dividend rate		1.0	%
Expected life in years		4.1
Stock price volatility		49.5	%
Fair value per share	$	11.11

The fair value of the SARs granted during fiscal 2013 was remeasured at April 26, 2014, using the following assumptions:

	4/26/2014
Risk-free interest rate		0.82	%
Dividend rate		1.0	%
Expected life in years		3.2
Stock price volatility		44.4	%
Fair value per share	$	13.39

Restricted Shares. Under the La-Z-Boy Incorporated 2010 Omnibus Incentive Plan, the Compensation Committee of the board of directors is authorized to award restricted common shares to certain employees. The shares are offered at no cost to the employees, and the plan requires that all shares be held in an escrow account until the vesting period ends. In the event of an employee’s termination during the escrow period, the shares are returned at no cost to the company. Compensation expense for restricted stock is equal to the market value of our common shares on the date the award is approved and is recognized over the service period. Expense relating to the restricted shares recorded in selling, general and administrative expense was $0.5 million, $1.0 million, and $1.6 million during fiscal 2014, fiscal 2013, and fiscal 2012, respectively. The unrecognized compensation cost at April 26, 2014, related to restricted shares was $0.4 million and is expected to be recognized over a weighted-average remaining contractual term of all unvested awards of 1.2 years.

The following table summarizes information about non-vested share awards as of and for the year ended April 26, 2014:

	Number of Shares (In Thousands)			Weighted Average Grant Date Fair Value
Non-vested shares at April 27, 2013		530		$	6.67
Vested		(413	)		21.32
Canceled		(15	)		8.05
Non-vested shares at April 26, 2014		102		$	7.77
Awards granted during fiscal 2012				$	6.58

Restricted Stock Units. Under the La-Z-Boy Incorporated 2010 Omnibus Incentive Plan, the Compensation Committee of the board of directors is authorized to award restricted stock units to certain employees and our non-employee directors.

The restricted stock units granted to employees are accounted for as liability-based awards because upon vesting these awards will be paid in cash. Compensation expense is initially measured and recognized based on the market value (intrinsic value) of our common stock on the grant date and amortized over the vesting period. The liability is remeasured and adjusted based on the market value (intrinsic value) of our common shares on the last day of the reporting period until paid with a corresponding adjustment to reflect the cumulative amount of compensation expense. The fair value of the restricted stock units at April 26, 2014, was $24.55. Each restricted stock unit is the equivalent of one common share. Restricted stock units vest at 25% per year, beginning one year from the grant date for a term of four years. Compensation expense of $1.6 million and $0.5 million related to restricted stock units granted to employees was recognized in selling, general and administrative expense for the years ended April 26, 2014, and April 27, 2013, respectively. The unrecognized compensation cost at April 26, 2014, related to employee restricted stock units was $4.2 million and is expected to be recognized over a weighted-average remaining contractual term of all unvested awards of 2.7 years.

The following table summarizes information about non-vested stock units as of and for the year ended April 26, 2014:

	Number of Units (In Thousands)			Weighted Average Grant Date Fair Value
Non-vested units at April 27, 2013		156		$	11.91
Granted		125			19.28
Vested		(41	)		11.54
Canceled		(19	)		14.75
Non-vested units at April 26, 2014		221		$	15.90

Restricted stock units granted to directors are offered at no cost to the directors and vest upon the director’s leaving the board. These awards will be paid in shares of our common stock and we therefore account for them as equity based awards. Compensation expense for these awards is measured and recognized on the grant date based on the market price of our common shares at the date the grant was awarded. During fiscal 2014, fiscal 2013, and fiscal 2012 we granted less than 0.1 million restricted stock units each year to our non-employee directors. Expense relating to the non-employee directors restricted stock units recorded in selling, general and administrative expense was $0.7 million in fiscal 2014, fiscal 2013, and fiscal 2012.

Performance Awards. Under the La-Z-Boy Incorporated 2010 Omnibus Incentive Plan, the Compensation Committee of the board of directors is authorized to award common shares and stock units to certain employees based on the attainment of certain financial goals over a given performance period. The awards are offered at no cost to the employees. In the event of an employee's termination during the vesting period, the potential right to earn shares/units under this program is generally forfeited.

Payout of these grants depends on our financial performance (80%) and a market-based condition based on the total return that our shareholders receive on their investment in our stock relative to returns earned through investments in other public companies (20%). The performance award opportunity ranges from 50% of the employee’s target award if minimum performance requirements are met to a maximum of 200% of the target award based on the attainment of certain financial and shareholder-return goals over a specific performance period, which is generally three fiscal years. These performance awards are offered at no cost to the employees. The number of performance-based units/shares granted were as follows:

Performance-based awards granted (Shares/units in thousands)	Number of Units		Number of Shares
Fiscal 2012 grant		2		690
Fiscal 2013 grant		146		133
Fiscal 2014 grant		35		191

Based on our financial results for fiscal 2014, certain performance conditions were met for some of our outstanding performance-based awards. The number of awards earned based on performance conditions were as follows:

Performance-based awards earned (Shares/units in thousands)	Number of Shares/Units
Fiscal 2012 performance-based shares		1,175
Fiscal 2012 performance-based units		5
Fiscal 2013 performance-based shares		95
Fiscal 2013 performance-based units		91
Fiscal 2014 performance-based shares		67
Fiscal 2014 performance-based units		11

The fiscal 2013 and fiscal 2014 shares will be settled in shares and the fiscal 2013 and fiscal 2014 units will be settled in cash if service conditions are met, requiring employees to remain employed with the company through the end of the three year performance periods.

The performance-based units are accounted for as liability-based awards because upon vesting they will be paid in cash. For performance-based units that vest based on performance conditions, the fair value of each unit was $24.01 and $24.25 at April 26, 2014, for the awards granted in fiscal 2014 and in fiscal 2013, respectively, which was the market value of our common shares on the last day of the reporting period less expected dividends to be paid prior to vesting, and compensation cost is expensed based on the probability that the performance goals will be obtained. For performance-based units that vest based on market conditions, the fair value of the award was estimated using a Monte Carlo valuation model on the last day of the reporting period, and compensation cost is expensed over the vesting period. The liability for these units is remeasured and adjusted based on the Monte Carlo valuation at the end of each reporting period until paid. Based on the Monte Carlo valuation, the fair value of each performance-based unit that vests based on market conditions was $36.22 and $41.54 at April 26, 2014, for the awards granted in fiscal 2014 and in fiscal 2013, respectively. During fiscal 2014 and fiscal 2013 we recognized $2.2 million and $0.7 million, respectively, of expense related to performance-based units. The unrecognized compensation cost at April 26, 2014, related to performance-based units was $2.0 million based on the current share price and current estimates of the number of awards that will vest, and is expected to be recognized over a weighted-average remaining contractual term of all unvested awards of 1.1 years.

The performance-based shares are accounted for as equity-based awards because upon vesting they will be settled in common shares. The grant date fair value of performance-based shares is expensed over the service period. For performance-based shares that vest based on performance conditions, the fair value of the award was $18.58, $11.97, and $9.35 for fiscal 2014, fiscal 2013, and fiscal 2012, respectively, which was the market value of our common shares on the date of grant less expected dividends to be paid prior to vesting, and compensation cost is expensed based on the probability that the performance goals will be obtained. For performance-based shares that vest based on market conditions, the fair value of the award was estimated using a Monte Carlo valuation model on the date of grant, and compensation cost is expensed over the vesting period, regardless of the ultimate vesting of the award, similar to the expensing of a stock option award. The fair value for the performance-based shares that vest based on market conditions, as determined by the Monte Carlo valuation, at the grant date was $26.08, $15.41, and $15.12 for the fiscal 2014 grant, fiscal 2013 grant, and fiscal 2012 grant, respectively. The unrecognized compensation cost at April 26, 2014, related to performance-based shares was $3.0 million based on the current estimates of the number of awards that will vest, and is expected to be recognized over a weighted-average remaining contractual term of all unvested awards of 1.4 years.

Equity-based compensation expenses related to performance-based shares recognized in our consolidated statement of income were as follows (for the fiscal years ended):

(Amounts in thousands)	4/26/2014		4/27/2013		4/28/2012
Fiscal 2011 grant	$	—	$	1,707	$	200
Fiscal 2012 grant		3,603		5,442		1,409
Fiscal 2013 grant		849		440		—
Fiscal 2014 grant		1,006		—		—

Previously Granted Deferred Stock Units. Awards under our deferred stock unit plan for non-employee directors are accounted for as liability-based awards because upon exercise these awards will be paid in cash. Compensation expense is initially measured and recognized based on the market price of our common stock on the grant date. The liability is re-measured and adjusted at the end of each reporting period until paid. For purposes of dividends and for measuring the liability, each deferred stock unit is the equivalent of one common share. As of April 26, 2014, we had 0.1 million deferred stock units outstanding. Expense relating to the deferred stock units recorded in selling, general and administrative expense was $0.8 million, $0.3 million, and $0.4 million during fiscal 2014, fiscal 2013, and fiscal 2012, respectively. The liability related to these awards was $3.0 million and $2.2 million at April 26, 2014, and April 27, 2013, respectively, and is included as a component of other long-term liabilities on our consolidated balance sheet.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

Accumulated Other Comprehensive Loss

12 Months Ended

Apr. 26, 2014

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

Note 17: Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive loss for the fiscal years ended April 26, 2014, and April 27, 2013, were as follows:

(Amounts in thousands)	Unrealized gain on marketable securities			Translation adjustment			Change in fair value of cash flow hedge			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at April 28, 2012	$	3,017		$	4,029		$	—		$	(38,327	)	$	(31,281	)
Changes before reclassifications		651			750			373			(7,645	)		(5,871	)
Amounts reclassified from accumulated other comprehensive loss		(3,170	)		—			—			3,140			(30	)
Tax effect		(24	)		—			(142	)		1,852			1,686
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated		(2,543	)		750			231			(2,653	)		(4,215	)
Balance at April 27, 2013		474			4,779			231			(40,980	)		(35,496	)
Changes before reclassifications		1,308			(2,324	)		(780	)		6,286			4,490
Amounts reclassified from accumulated other comprehensive loss		(300	)		—			321			3,566			3,587
Tax effect		(384	)		—			175			(3,752	)		(3,961	)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated		624			(2,324	)		(284	)		6,100			4,116
Balance at April 26, 2014	$	1,098		$	2,455		$	(53	)	$	(34,880	)	$	(31,380	)

The unrealized gain on marketable securities was reclassified from accumulated other comprehensive loss to net income through other income (expense) in our consolidated statement of income, and the change in fair value of cash flow hedge and the net pension amortization were reclassified to net income through selling, general and administrative expense.

The components of non-controlling interest at April 26, 2014, and April 27, 2013, were as follows:

(Amounts in thousands)	4/26/2014			4/27/2013
Beginning balance	$	7,140		$	5,911
Net income		1,324			793
Other comprehensive (income) loss		(730	)		339
Change in non-controlling interest		98			97
Ending balance	$	7,832		$	7,140

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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+ Details

Segment Information

12 Months Ended

Apr. 26, 2014

Segment Information [Abstract]

Segment Information

Note 18: Segment Information

Our reportable operating segments are the Upholstery segment, the Casegoods segment and the Retail segment. During fiscal 2014, we sold our Bauhaus business unit and classified Lea Industries as held for sale. These operating units are presented as discontinued operations and prior financial information was restated for the change in composition of our Upholstery and Casegoods segments. Income statement information presented below is restated accordingly.

Upholstery Segment. The Upholstery segment consists of two operating units, La-Z-Boy and England. This segment manufactures or imports upholstered furniture. Upholstered furniture includes recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas. The Upholstery segment sells directly to La-Z-Boy Furniture Galleries® stores, operators of Comfort Studios® locations, major dealers and other independent retailers.

Casegoods Segment. The Casegoods segment consists of three brands: American Drew, Hammary, and Kincaid. This segment sells imported or manufactured wood furniture to furniture retailers. Casegoods product includes bedroom, dining room, entertainment centers, occasional pieces and some coordinated upholstered furniture. The Casegoods segment sells to major dealers and other independent retailers.

Retail Segment. The Retail segment consists of 101 company-owned La-Z-Boy Furniture Galleries® stores in 12 primary markets. During the second quarter of fiscal 2014, we acquired three La-Z-Boy Furniture Galleries® stores in the Las Vegas market that were previously independently owned and operated. During the third quarter of fiscal 2014 we acquired two La-Z-Boy Furniture Galleries® stores in northeast Ohio that were previously independently owned and operated. The Retail segment sells upholstered furniture, in addition to some casegoods and other accessories, to the end consumer through the retail network.

Restructuring. During the fourth quarter of fiscal 2014, we committed to a restructuring of our casegoods business to transition to an all-import model for our wood furniture, and recorded a restructuring charge of $4.8 million in continuing operations, primarily related to fixed asset and inventory write-downs. During fiscal 2013, we recorded a restructuring charge of $2.6 million in continuing operations, mainly related to fixed asset and inventory write-downs related to the closure of our lumber processing operation in our Casegoods segment. See Note 3 for further details of this restructuring. We do not include restructuring costs in the results of our reportable segments.

We have no customer that individually represents more than 3% of our consolidated or Upholstery segment’s sales or more than 5% of our Casegoods segment’s sales in fiscal 2014.

The accounting policies of the operating segments are the same as those described in Note 1. We account for intersegment revenue transactions between our segments consistent with independent third party transactions, that is, at current market prices. As a result, the manufacturing profit related to sales to our Retail segment is included within the appropriate Upholstery or Casegoods segment. Operating income realized on intersegment revenue transactions is therefore generally consistent with the operating income realized on our revenue from independent third party transactions. Segment operating income is based on profit or loss from operations before interest expense, interest income, income from continued dumping and subsidy offset act, other income (expense) and income taxes. Identifiable assets are cash and equivalents, notes and accounts receivable, net inventories, net property, plant and equipment, goodwill and other intangible assets. Our unallocated assets include deferred income taxes, corporate assets (including a portion of cash and equivalents), business held for sale, and various other assets. Sales are attributed to countries on the basis of the customer’s location.

(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Sales
Upholstery segment:
Sales to external customers	$	959,118		$	902,454		$	834,468
Intersegment sales		139,932			127,311			103,592
Upholstery segment sales		1,099,050			1,029,765			938,060
Casegoods segment:
Sales to external customers		97,095			104,387			105,551
Intersegment sales		9,657			8,140			6,106
Casegoods segment sales		106,752			112,527			111,657
Retail segment sales		298,642			264,723			215,490
VIEs, net of intercompany sales eliminations		—			—			8,840
Corporate and Other		2,463			2,313			2,356
Eliminations		(149,589	)		(135,451	)		(109,698	)
Consolidated sales	$	1,357,318		$	1,273,877		$	1,166,705

Operating Income (Loss)
Upholstery segment	$	117,688		$	95,571		$	81,015
Casegoods segment		3,397			3,703			5,396
Retail segment		11,128			4,099			(7,819	)
VIEs		—			—			959
Restructuring		(4,839	)		(2,631	)		(281	)
Corporate and Other		(38,078	)		(33,139	)		(30,573	)
Consolidated operating income	$	89,296		$	67,603		$	48,697

Depreciation and Amortization
Upholstery segment	$	13,778		$	14,275		$	12,519
Casegoods segment		1,171			1,338			1,575
Retail segment		2,520			2,676			2,832
VIEs		—			—			149
Corporate and Other		5,566			4,674			6,234
Consolidated depreciation and amortization	$	23,035		$	22,963		$	23,309

Capital Expenditures
Upholstery segment	$	6,579	$	9,857	$	7,261
Casegoods segment		149		1,058		897
Retail segment		4,379		4,251		1,848
VIEs		—		—		543
Corporate and Other		22,623		10,218		4,969
Consolidated capital expenditures	$	33,730	$	25,384	$	15,518

Assets
Upholstery segment	$	305,814	$	296,108	$	303,537
Casegoods segment		53,299		70,147		73,888
Retail segment		119,816		73,496		49,818
Unallocated assets		292,366		280,620		258,496
Consolidated assets	$	771,295	$	720,371	$	685,739

(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Long-Lived Assets by Geographic Location
Domestic	$	147,538		$	133,208		$	114,979
International		6,805			8,168			8,345
Consolidated long-lived assets	$	154,343		$	141,376		$	123,324

Sales by Country
United States		86	%		86	%		86	%
Canada		8	%		9	%		9	%
Other		6	%		5	%		5	%
Total		100	%		100	%		100	%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Income Taxes

12 Months Ended

Apr. 26, 2014

Income Taxes [Abstract]

Income Taxes

Note 19: Income Taxes

Income before income taxes for continuing operations consists of the following (for the fiscal years ended):

(Amounts in thousands)	4/26/2014		4/27/2013		4/28/2012
United States	$	82,705	$	63,193	$	52,631
Foreign		8,854		7,492		6,319
Total	$	91,559	$	70,685	$	58,950

Income tax expense (benefit) applicable to continuing operations consists of the following components (for the fiscal years ended):

(Amounts in thousands)	4/26/2014			4/27/2013		4/28/2012
Federal:
– current	$	24,695		$	17,049	$	11,830
– deferred		1,495			1,341		(38,597	)
State:
– current		5,345			2,746		3,446
– deferred		( 2,082	)		464		(1,864	)
Foreign:
– current		1,375			739		2,040
– deferred		555			1,181		(1,907	)
Total income tax expense (benefit)	$	31,383		$	23,520	$	(25,052	)

Our effective tax rate differs from the U.S. federal income tax rate for the following reasons:

(% of pre-tax income)	4/26/2014			4/27/2013			4/28/2012
Statutory tax rate		35.0	%		35.0	%		35.0	%
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit		3.1			3.0			5.0
U.S. manufacturing benefit		(1.0	)		(2.0	)		(2.3	)
Change in valuation allowance		(1.2	)		(0.3	)		(78.3	)
Gain on sale of marketable securities		—			(1.6	)		—
Miscellaneous items		(1.6	)		(0.8	)		(1.9	)
Effective tax rate		34.3	%		33.3	%		(42.5	%)

For our Asian operating units, we continue to permanently reinvest the earnings and consequently do not record a deferred tax liability relative to the undistributed earnings. We have reinvested approximately $8.5 million of the earnings. The potential deferred tax attributable to these earnings would be approximately $2.1 million.

The primary components of our deferred tax assets and (liabilities) were as follows:

(Amounts in thousands)	4/26/2014			4/27/2013
Assets
Deferred and other compensation	$	19,774		$	19,510
Allowance for doubtful accounts		5,456			9,567
State income tax – net operating losses, credits and other		6,440			6,542
Pension		2,097			4,632
Warranty		6,247			5,937
Rent		4,824			4,697
Workers’ compensation		4,068			3,804
Foreign net operating loss		—			759

Other		6,598			5,128
Valuation allowance		(4,700	)		(6,619	)
Total deferred tax assets		50,804			53,957
Liabilities
Property, plant and equipment		(3,337	)		(2,745	)
Net deferred tax assets	$	47,467		$	51,212

The deferred tax assets associated with loss carry forwards and the related expiration dates are as follows:

(Amounts in thousands)	Amount		Expiration
Various U.S. state net operating losses (excluding federal tax effect)	$	9,215	Fiscal 2015 – 2033
Foreign capital losses		20	Indefinite

We evaluate our deferred taxes to determine if a valuation allowance is required. Accounting standards require that we assess whether a valuation allowance should be established based on the consideration of all available evidence using a “more likely than not” standard with significant weight being given to evidence that can be objectively verified.

During fiscal 2012 we concluded that certain valuation allowances totaling $46.2 million associated with certain U.S. federal, state and Canadian deferred tax assets should be reversed because we believed that it had become more likely than not that the value of those deferred tax assets would be realized. The reduction in the valuation allowance was primarily the result of the following factors at the point we reduced the allowance: (i) our cumulative three-year pre-tax income position, (ii) our most recent operating results, which had exceeded both our operating plan and prior year results, and (iii) our then-current forecasts, all of which caused us to temper our concerns at that time regarding the economic environment.

The evaluation of the amount of net deferred tax assets expected to be realized necessarily involves forecasting the amount of taxable income that will be generated in future years. We have forecasted future results using estimates management believes to be reasonable, which are based on objective evidence such as expected trends resulting from certain leading economic indicators. Based upon our net deferred tax asset position at April 26, 2014, we estimate that about $122 million of future taxable income would need to be generated to fully recover our net deferred tax assets. The realization of deferred income tax assets is dependent on future events. Actual results inevitably will vary from management’s forecasts. Such variances could result in adjustments to the valuation allowance on deferred tax assets in future periods, and such adjustments could be material to the financial statements.

During fiscal 2014, we recorded a $1.9 million decrease in our valuation allowance for deferred tax assets that are now considered more likely than not to be realized. This determination was primarily the result of our assessment of our cumulative pre-tax income in certain jurisdictions. A summary of the valuation allowance by jurisdiction is as follows:

Jurisdiction (Amounts in thousands)	4/27/2013 Valuation Allowance		Change			4/26/2014 Valuation Allowance
U.S. state		6,464		(1,784	)		4,680
Foreign		155		(135	)		20
Total	$	6,619	$	(1,919	)	$	4,700

The remaining valuation allowance of $4.7 million primarily related to certain U.S. state and foreign deferred tax assets. The U.S. state deferred taxes are primarily related to state net operating losses.

As of April 26, 2014, we had a gross unrecognized tax benefit of $3.0 million related to uncertain tax positions in various jurisdictions. A reconciliation of the beginning and ending balance of these unrecognized tax benefits is as follows:

(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Balance at the beginning of the period	$	3,248		$	3,909		$	4,492
Additions:
Positions taken during the current year		88			338			147
Positions taken during the prior year		—			—			—
Reductions:
Positions taken during the current year		—			—			—
Positions taken during the prior year		(99	)		(28	)		(202	)
Decreases related to settlements with taxing authorities		(98	)		—			(166	)
Reductions resulting from the lapse of the statute of limitations		(167	)		(971	)		(362	)
Balance at the end of the period	$	2,972		$	3,248		$	3,909

We recognize interest and penalties associated with uncertain tax positions in income tax expense. Accrued interest and penalties decreased by $0.1 million during fiscal 2014. We had approximately $0.3 million accrued for interest and penalties as of April 26, 2014, and $0.4 million accrued for interest and penalties as of April 27, 2013.

If recognized, $0.6 million of the total $3.0 million of unrecognized tax benefits would decrease our effective tax rate. We do not expect any adjustments within the next 12 months. The remaining balance will be settled or released as tax audits are effectively settled, statutes of limitation expire or other new information becomes available.

Our U.S. federal income tax returns for fiscal years 2011 and subsequent are still subject to audit. Our fiscal year 2012 U.S. federal tax return was recently selected for audit. In addition, we conduct business in various states. The major states in which we conduct business are subject to audit for fiscal years 2010 and subsequent. Our businesses in Canada and Thailand are subject to audit for fiscal years 2004 and subsequent, and in Mexico, calendar years 2008 and subsequent.

Cash paid for taxes (net of refunds received) during the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, were $25.0 million, $20.5 million and $15.2 million, respectively.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

Earnings per Share

12 Months Ended

Apr. 26, 2014

Earnings per Share [Abstract]

Earnings per Share

Note 20: Earnings per Share

Certain share-based payment awards that entitle their holders to receive non-forfeitable dividends prior to vesting are considered participating securities. We grant restricted stock awards that contain non-forfeitable rights to dividends on unvested shares; as participating securities, the unvested shares are required to be included in the calculation of our basic earnings per common share, using the two-class method.

A reconciliation of the numerators and denominators used in the computations of basic and diluted earnings per share were as follows:

	Year Ended
(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$	55,056		$	46,389		$	87,966
Income allocated to participating securities		(422	)		(639	)		(1,650	)
Net income available to common shareholders	$	54,634		$	45,750		$	86,316

	Year Ended
(Amounts in thousands)	4/26/2014		4/27/2013		4/28/2012
Denominator:
Basic weighted average common shares outstanding		52,386		52,351		51,944
Add:
Contingent common shares		1,049		812		—
Stock option dilution		394		522		534
Diluted weighted average common shares outstanding		53,829		53,685		52,478

Contingent common shares reflect the dilutive effect of common shares that would be issued under the terms of performance-based share grants made to employees, assuming the reporting period was the performance period.

We had outstanding options to purchase 0.2 million and 0.4 million shares for the years ended April 27, 2013, and April 28, 2012, respectively, with a weighted average exercise price of $20.74 and $19.97, respectively. We excluded the effect of these options from the diluted share calculation since, for each period presented, the weighted average exercise price of the options was higher than the average market price, and including the options’ effect would have been anti-dilutive. There were no outstanding options to purchase shares that were excluded from the diluted share calculation because their effect would have been anti-dilutive for the fiscal year ended April 26, 2014.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

Fair Value Measurements

12 Months Ended

Apr. 26, 2014

Fair Value Measurements [Abstract]

Fair Value Measurements

Note 21: Fair Value Measurements

Accounting standards require the categorization of financial assets and liabilities, based on the inputs to the valuation technique, into a three-level fair value hierarchy. The various levels of the fair value hierarchy are described as follows:

Level 1 — Financial assets and liabilities whose values are based on unadjusted quoted market prices for identical assets and liabilities in an active market that we have the ability to access.

Level 2 — Financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable for substantially the full term of the asset or liability.

Level 3 — Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement.

Accounting standards require the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. Transfers between levels are recognized at the end of the reporting period in which they occur.

In addition to assets and liabilities that are recorded at fair value on a recurring basis, we are required to record assets and liabilities at fair value on a non-recurring basis. Non-financial assets such as trade names, goodwill, and other long-lived assets are measured at fair value when there is an indicator of impairment and recorded at fair value only when an impairment loss is recognized. During fiscal 2014 and fiscal 2013 we recorded trade names at fair value based upon the relief from royalty method. During the third quarter of fiscal 2014 we recorded the value of the assets of our Bauhaus business unit at fair value. See Note 4 for further discussion.

The following table presents the fair value hierarchy for those assets measured at fair value on a recurring basis as of April 26, 2014, and April 27, 2013:

Fiscal 2014	Fair Value Measurements
(Amounts in thousands)	Level 1 (a)		Level 2 (a)		Level 3
Assets
Available-for-sale securities	$	1,521	$	57,630	$	—
Trading securities		—		1,787		—
Total	$	1,521	$	59,417	$	—

(a)

There were no transfers between Level 1 and Level 2 during fiscal 2014.

Fiscal 2013	Fair Value Measurements
(Amounts in thousands)	Level 1 (b)		Level 2 (b)		Level 3
Assets
Available-for-sale securities	$	1,217	$	38,747	$	—
Trading securities		—		1,126		—
Total	$	1,217	$	39,873	$	—

(b)

There were no transfers between Level 1 and Level 2 during fiscal 2013.

At April 26, 2014, we held available-for-sale marketable securities intended to enhance returns on our cash and to fund future obligations of our non-qualified defined benefit retirement plan, as well as trading securities to fund future obligations of our executive deferred compensation plan. At April 27, 2013, we held available-for-sale marketable securities intended to enhance returns on our cash and to fund future obligations of our non-qualified defined benefit retirement plan, as well as trading securities to fund future obligations of our executive deferred compensation plan. The fair value measurements for our securities are based upon quoted prices in active markets, as well as through broker quotes and independent valuation providers, multiplied by the number of shares owned exclusive of any transaction costs.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References+ Details

Income from Continued Dumping and Subsidy Offset Act	12 Months Ended
Income from Continued Dumping and Subsidy Offset Act	Apr. 26, 2014
Income from Continued Dumping and Subsidy Offset Act [Abstract]
Income from Continued Dumping and Subsidy Offset Act	Note 22: Income from Continued Dumping and Subsidy Offset Act The Continued Dumping and Subsidy Offset Act of 2000 (“CDSOA”) provides for distribution of duties collected by U.S. Customs and Border Protection from antidumping cases to domestic producers that supported the antidumping petition. We received $11.1 million related to continuing operations and $6.9 million related to discontinued operations during fiscal 2012 in CDSOA distributions related to the antidumping order on wooden bedroom furniture from China. Certain domestic producers who did not support the antidumping petition (“Non-Supporting Producers”) filed actions in the U.S. Court of International Trade challenging the CDSOA’s “support requirement” and seeking a share of the distributions. As a result, Customs withheld a portion of those distributions pending resolution of the Non-Supporting Producers’ actions. Between October 2011 and February 2012, the Court of International Trade entered judgments against the Non-Supporting Producers and dismissed their actions. On January 1, 2012, Customs announced that it would distribute the withheld distributions. The Non-Supporting Producers then filed motions in the Court of International Trade and, later, in the U.S. Court of Appeals for the Federal Circuit to enjoin such distributions pending their appeal of the Court of International Trade’s judgments. On March 5, 2012, the Federal Circuit denied the Non-Supporting Producers’ motions for injunction “without prejudicing the ultimate disposition of these cases.” In November 2012, Customs determined to withhold CDSOA distributions pending resolution of the Federal Circuit appeals. As a result, we did not receive any CDSOA distributions in fiscal 2013 or fiscal 2014. On August 19, 2013, a panel of the Federal Circuit affirmed dismissal of the actions of two of the Non-Supporting Producers, and the full Federal Circuit subsequently denied those Non-Supporting Producers’ request for rehearing. On May 2, 2014, these Non-Supporting Producers filed a petition for writ of certiorari, seeking review by the United States Supreme Court. A motion to affirm dismissal of the action brought by a third Non-Supporting Producer is pending in the Federal Circuit. In view of the uncertainties associated with this program, we are unable to predict the amounts, if any, we may receive in the future under the CDSOA. Also, if the United States Supreme Court were to reverse the judgments of the Federal Circuit and determine that the Non-Supporting Producers are entitled to CDSOA distributions, it is possible that Customs might seek to have us return all or a portion of our company’s share of the distributions. Based on what we know today, we do not expect this to occur. The $11.1 million and $6.9 million we received in fiscal 2012 related to continuing operations and discontinued operations, respectively, included $10.0 million and $6.3 million, respectively, of previously withheld distributions received in the fourth quarter of fiscal 2012.

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Apr. 26, 2014

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS [Abstract]

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

LA-Z-BOY INCORPORATED

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

(Dollars in thousands)

			Additions
Description	Balance at Beginning of Year		Charged to Costs and Expenses			Charged to Other Accounts			Deductions			Balance at End of Year
Allowance for doubtful accounts, deducted from accounts receivable:
April 26, 2014	$	21,607	$	(2,926	)	$	—		$	(6,313	)(a)	$	12,368
April 27, 2013		22,254		495			—			(1,142	)(a)		21,607
April 28, 2012		23,435		3,508			—			(4,689	)(a)		22,254

Allowance for deferred tax assets:
April 26, 2014	$	6,619	$	(135	)	$	—		$	(1,784	)(b)	$	4,700
April 27, 2013		8,258		131			(1,572	)(c)		(198	)(b)		6,619
April 28, 2012		52,613		160			1,687	(c)		(46,202	)(d)		8,258

(a) Deductions represented uncollectible accounts written off less recoveries of accounts receivable written off in prior years.

(b) Valuation allowance release.

(d) Represents utilization of loss carryovers.

Accounting Policies (Policies)	12 Months Ended
Accounting Policies (Policies)	Apr. 26, 2014
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the consolidated accounts of La-Z-Boy Incorporated and our majority-owned subsidiaries. The portion of less than wholly-owned subsidiaries is included as non-controlling interest. All intercompany transactions have been eliminated, including any related profit on intercompany sales. Additionally, our consolidated financial statements previously included the accounts of certain entities in which we held a controlling interest based on exposure to economic risks and potential rewards (variable interests) for the periods in which we were the primary beneficiary. As of April 28, 2012, we no longer had any such arrangements where we were the primary beneficiary.
Use of Estimates	Use of Estimates The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America. These principles require management to make estimates and assumptions that affect the reported amounts or disclosures of assets, liabilities (including contingent assets and liabilities), sales and expenses at the date of the financial statements. Actual results could differ from those estimates.
Cash and Equivalents	Cash and Equivalents For purposes of the consolidated balance sheet and statement of cash flows, we consider all highly liquid debt instruments purchased with initial maturities of three months or less to be cash equivalents.
Restricted Cash	Restricted Cash We have cash on deposit with a bank as collateral for certain letters of credit.
Inventories	Inventories Inventories are stated at the lower of cost or market. Cost is determined using the last-in, first-out (“LIFO”) basis for approximately 67% of our inventories at both April 26, 2014, and April 27, 2013. Cost is determined for all other inventories on a first-in, first-out (“FIFO”) basis. The FIFO method of accounting is mainly used for our Retail segment’s inventory as well as our England operating unit and our majority owned foreign subsidiaries.
Property, Plant and Equipment	Property, Plant and Equipment Items capitalized, including significant betterments to existing facilities, are recorded at cost. Capitalized computer software costs include internal and external costs incurred during the software's development stage. Internal costs relate primarily to employee activities related to coding and testing the software under development. Computer software costs are depreciated over three to ten years. All maintenance and repair costs are expensed when incurred. Depreciation is computed principally using straight-line methods over the estimated useful lives of the assets.
Disposal and Impairment of Long-Lived Assets	Disposal and Impairment of Long-Lived Assets Retirement or dispositions of long-lived assets are recorded based on carrying value and proceeds received. Any resulting gains or losses are recorded as a component of selling, general and administrative expenses. We review the carrying value of our long-lived assets for impairment annually or whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Our assessment of recoverability is based on our best estimates using either quoted market prices or an analysis of the undiscounted projected future cash flows by asset groups in order to determine if there is any evidence of impairment requiring us to further assess the fair value of our long-lived assets. Our asset groups consist of our operating units in our Upholstery segment (La-Z-Boy and England), components of our Casegoods segment that have identifiable cash flows (the first being American Drew and Kincaid, and the second being Hammary) and each of our retail stores.
Indefinite-lived intangible assets and goodwill	Indefinite-lived intangible assets and goodwill We test indefinite-lived intangibles for impairment on an annual basis in the fourth quarter of our fiscal year, or more frequently if events or changes in circumstances indicate that the asset might be impaired. Indefinite-lived intangible assets include certain of our trade names and the reacquired right to own and operate La-Z-Boy Furniture Galleries® stores in the southern Ohio and Las Vegas markets, and in northeast Ohio. Goodwill is tested for impairment by comparing the fair value of our reporting unit to its carrying value. Our goodwill relates to the acquisition of La-Z-Boy Furniture Galleries® stores in the southern Ohio market and in northeast Ohio. The reporting units for our goodwill are the southern Ohio retail market and the stores acquired in northeast Ohio, because the acquisition of the retail stores is where the goodwill was generated. The estimated fair value for the reporting unit is determined based upon discounted cash flows. In situations where the fair value is less than the carrying value, indicating a potential impairment, a second comparison is performed using a calculation of implied fair value of goodwill to measure any such impairment. We did not have any goodwill impairment during fiscal 2013 or 2014.
Investments	Investments Available-for-sale securities are recorded at fair value with the net unrealized gains and losses (that are deemed to be temporary) reported as a component of other comprehensive income/(loss). Realized gains and losses and charges for other-than-temporary impairments are included in determining net income, with related purchase costs based on the first-in, first-out method. For impairments that are other-than-temporary, an impairment loss is recognized in earnings equal to the difference between the investment’s cost and its fair value at the balance sheet date of the reporting period for which the assessment is made. The fair value of the investment then becomes the new amortized cost basis of the investment and it is not adjusted for subsequent recoveries in fair value.
Life Insurance	Life Insurance Life insurance policies are recorded at the amount that could be realized under the insurance contract as of the date of our consolidated balance sheet. These assets are classified as other long-term assets on our consolidated balance sheet. The change in cash surrender or contract value is recorded as income or expense during each period.
Revenue Recognition and Related Allowances for Credit Losses	Revenue Recognition and Related Allowances for Credit Losses Substantially all of our shipping agreements with third-party carriers transfer the risk of loss to our customers upon shipment. Accordingly, our shipments using third-party carriers are generally recognized as revenue upon shipment of the product. In all cases, for product shipped on our company-owned trucks, revenue is recognized upon delivery. This revenue includes amounts billed to customers for shipping. Provisions are made at the time revenue is recognized for estimated product returns and warranties, as well as other incentives that may be offered to customers. We also recognize revenue for amounts received from our customers in connection with our shared advertising cost arrangement. We import certain products from foreign ports, which are shipped directly to our domestic customers. In this case, revenue is not recognized until title is assumed by our customer, which is normally after the goods pass through U.S. Customs. Incentives offered to customers include cash discounts and other sales incentive programs. Estimated cash discounts and other sales incentives are recorded as a reduction of revenues when the revenue is recognized. Trade accounts receivable arise from the sale of products on trade credit terms. On a quarterly basis, our management team reviews all significant accounts as to their past due balances, as well as collectability of the outstanding trade accounts receivable for possible write off. It is our policy to write off the accounts receivable against the allowance account when we deem the receivable to be uncollectible. Additionally, for those dealers that are significantly past due, we review their sales orders and ship product when collectability of the incremental sale is reasonably assured. We have notes receivable balances due to us from various customers. These notes receivable generally relate to past due accounts receivable which were converted to a note receivable in order to secure further collateral and personal guarantees from the customer. The collateral from the customer is generally in the form of inventory or real estate. In cases where we do not have sufficient collateral (excluding personal guarantees, if any) to support the carrying value of the note receivable, our policy is to recognize an allowance for credit losses for this difference. These allowances for credit losses reflect our best estimate of probable losses inherent in the trade accounts and notes receivable balances. We determine the allowance based on known troubled accounts, historic experience and other currently available evidence.
Cost of Sales	Cost of Sales Our cost of sales consists primarily of the cost to manufacture or purchase our merchandise, inspection costs, internal transfer costs, in-bound freight costs, outbound shipping costs, as well as warehousing costs, occupancy costs and depreciation expense related to our manufacturing facilities and equipment.
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses SG&A expenses include the costs of selling our products and other general and administrative costs. Selling expenses are primarily composed of commissions, advertising, warranty, bad debt expense and compensation and benefits of employees performing various sales functions. Additionally, the occupancy costs of our retail facilities and the warehousing costs of our regional distribution centers are included as a component of SG&A. Other general and administrative expenses included in SG&A are composed primarily of compensation and benefit costs for administration employees and other administrative costs.
Research and Development Costs	Research and Development Costs Research and development costs are charged to expense in the periods incurred. Expenditures for research and development costs from continuing operations were $7.9 million, $7.2 million and $7.3 million for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, respectively and are included as a component of SG&A.
Advertising Expenses	Advertising Expenses Production costs of commercials, programming and costs of other advertising, promotion and marketing programs are charged to expense in the period incurred. Gross advertising expenses were $59.6 million, $53.9 million and $47.7 million for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, respectively. A major portion of our advertising program is a national advertising campaign. This campaign is a shared advertising program with our La-Z-Boy Furniture Galleries® stores, which are reimbursing us for about 34.6% of the cost of the program (excluding company-owned stores). Because of this shared cost arrangement, the advertising expense is reported as a component of SG&A, while the dealers’ reimbursement portion is reported as a component of sales.
Operating Leases	Operating Leases We record rent expense related to operating leases on a straight-line basis for minimum lease payments starting with the beginning of the lease term based on the date that we have the right to control the leased property. Our minimum lease payments may incorporate step rent provisions or rent escalations. We also record rental income from subleases on a straight-line basis for minimum lease payments.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. In periods when deferred tax assets are recorded, we are required to estimate whether recoverability is more likely than not, based on, among other things, forecasts of taxable earnings in the related tax jurisdiction. We consider historical and projected future operating results, the eligible carry-forward period, tax law changes, tax planning opportunities and other relevant considerations when making judgments about realizing the value of our deferred tax assets. We recognize in our consolidated financial statements the benefit of a position taken or expected to be taken in a tax return when it is more likely than not (i.e. a likelihood of more than 50%) that the position would be sustained upon examination by tax authorities. A recognized tax position is then measured at the largest amount of benefit that is more likely than not to be realized upon settlement. Changes in judgment that result in subsequent recognition, derecognition or change in a measurement date of a tax position taken in a prior annual period (including any related interest and penalties) are recognized as a discrete item in the interim period in which the change occurs.
Foreign Currency Translation	Foreign Currency Translation The functional currency of our Mexico subsidiary is the U.S. dollar. Transaction gains and losses associated with translating our Mexico subsidiary’s assets and liabilities, which are non-U.S. dollar denominated, are recorded in other income/(expense) in our consolidated statement of income. The functional currency of each of our other foreign subsidiaries is its respective local currency. Assets and liabilities of those subsidiaries whose functional currency is their local currency are translated at the year-end exchange rates, and revenues and expenses are translated at average exchange rates for the period, with the corresponding exchange effect included as a component of other comprehensive income. When the foreign subsidiary has substantially ended operations, the remaining translation adjustments are recognized in other income/(expense) in our consolidated statement of income.
Accounting for Stock-Based Compensation	Accounting for Stock-Based Compensation We estimate the fair value of equity-based awards on the date of grant using option-pricing models. The value of the portion of the equity-based awards that are ultimately expected to vest is recognized as expense over the requisite service periods in our consolidated statement of income using a straight-line single-option method. We measure stock-based compensation cost for liability-based awards based on the fair value of the award on the last day of the reporting period and recognize it as expense over the vesting period. The liability for these awards is remeasured and adjusted to its fair value at the end of each reporting period until paid. We record compensation cost for stock-based awards that vest based on performance conditions ratably over the vesting periods when the vesting of such awards become probable.
Discontinued Operations	Discontinued Operations During fiscal 2014, we sold substantially all of the assets of our Bauhaus U.S.A. business unit and classified Lea Industries as held for sale. The assets and liabilities of Lea Industries are reported in business held for sale in our fiscal 2014 consolidated balance sheet, and the operating results of both Bauhaus and Lea Industries are reported as discontinued operations in our consolidated statement of income for all periods presented. Certain prior year information for Bauhaus and Lea Industries has been reclassified to present these businesses as discontinued operations as a result of these transactions. These items had no impact on the amounts of previously reported net income attributable to La-Z-Boy Incorporated or total equity.
Insurance/Self-Insurance	Insurance/Self-Insurance We use a combination of insurance and self-insurance for a number of risks, including workers’ compensation, general liability, vehicle liability and the company-funded portion of employee-related health care benefits. Liabilities associated with these risks are estimated in part by considering historic claims experience, demographic factors, severity factors and other assumptions. Our workers’ compensation reserve is an undiscounted liability. We have various excess loss coverages for auto, product liability and workers’ compensation liabilities. Our deductibles generally do not exceed $1.5 million.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In April 2014, the Financial Accounting Standards Board issued accounting guidance related to disclosures about discontinued operations. The guidance amends the definition of discontinued operations to limit the disposals that may be reported as discontinued operations. The disposal must be a result of a change in an entity’s strategy and have a major effect on the entity’s operations and financial results to be reported as discontinued operations under the new guidance. The amendments also expand the required disclosures for discontinued operations to include additional information about the assets, liabilities, revenues, expenses, and cash flows of the discontinued operation. If the disposal does not qualify as discontinued operations under the amended guidance, the entity must now disclose the pretax profit or loss of the disposal. This guidance will be effective for fiscal 2016. In connection with the discontinued operations discussed in Note 4, we have elected not to early adopt the provisions of this recently issued accounting standard. We do not believe the adoption of this guidance will have a material impact on our consolidated financial statements. In May 2014, the Financial Accounting Standards Board issued accounting guidance on revenue recognition. The amended guidance will enhance the comparability of revenue recognition practices and will be applied to all contracts with customers. Improved disclosures related to the nature, amount, timing, and uncertainty of revenue that is recognized are requirements under the amended guidance. This guidance will be effective for fiscal 2018 and will be required to be applied retrospectively. We are currently assessing the impact that this guidance will have on our consolidated financial statements at this time.

Restructuring (Tables)

12 Months Ended

Apr. 26, 2014

Restructuring [Abstract]

Restructuring Costs

The table below details the total pre-tax restructuring expense recorded by type:

(Amounts in thousands)	4/26/14
Fixed asset write-downs	$	2,272
Inventory write-downs		2,216
Other		351
Total restructuring - continuing operations		4,839

Inventory write-downs		1,804
Tradename write-down		1,265
Other		163
Total restructuring - discontinued operations		3,232

Total restructuring expense	$	8,071

Discontinued Operations (Tables)

12 Months Ended

Apr. 26, 2014

Discontinued Operations [Abstract]

Financial Disclosures of Discontinued Operations

The results of the discontinued operations for Bauhaus for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, were as follows:

	Year Ended
(Amounts in thousands)	4/26/14			4/27/13			4/28/12
Net sales	$	33,608		$	37,282		$	37,043

Income (loss) from discontinued operations (including impairment of $1.1 million in fiscal 2014)	$	(1,560	)	$	1,088			791
Income tax benefit/(expense)		541			(412	)		(303	)
Income (loss) from discontinued operations, net of tax	$	(1,019	)	$	676		$	488

(Amounts in thousands)	4/26/14
Assets
Receivables, net	$	3,780
Inventories, net		4,231
Other current assets		85
Property, plant, and equipment, net		518
Total assets	$	8,614

Liabilities
Accounts payable	$	1,290
Accrued expenses and other current liabilities		633
Total liabilities	$	1,923

The results of the discontinued operations for Lea Industries for the fiscal years ended April 26, 2014, April 27, 2013, and April 28, 2012, were as follows:

	Year Ended
(Amounts in thousands)	4/26/14			4/27/13			4/28/12
Net sales	$	16,979		$	21,366		$	27,928

Income (loss) from discontinued operations (including restructuring of $3.3 million in fiscal 2014)	$	(4,472	)	$	(1,063	)	$	7,116
Income tax benefit/(expense)		1,695			404			(2,698	)
Income (loss) from discontinued operations, net of tax	$	(2,777	)	$	(659	)	$	4,418

The assets and liabilities of Lea Industries that were classified as held for sale are as follows:

(Amounts in thousands)	4/26/14
Assets
Receivables, net	$	1,190
Inventories, net		3,013
Other current assets		87
Total assets	$	4,290

Liabilities
Accounts payable	$	234
Accrued expenses and other current liabilities		576
Other long-term liabilities		22
Total liabilities	$	832

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details

Property, Plant and Equipment (Tables)

12 Months Ended

Apr. 26, 2014

Property, Plant and Equipment [Abstract]

Schedule of property plant and equipment

Property, Plant and Equipment

(Amounts in thousands)	Estimated Useful Lives		4/26/2014			4/27/2013
Buildings and building fixtures	3-40 years		$	161,490		$	171,346
Machinery and equipment	3-15 years			140,561			141,924
Information systems and software	3-10 years			64,208			62,005
Land		—		15,344			18,433
Land improvements	3-30 years			10,820			10,772
Transportation equipment	3-10 years			17,420			17,855
Furniture and fixtures	3-15 years			14,104			14,204
Construction in progress				31,233			4,496
				455,180			441,035
Accumulated depreciation				(327,645	)		(322,975	)
Net property, plant and equipment			$	127,535		$	118,060

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Apr. 26, 2014

Goodwill and Other Intangible Assets [Abstract]

Roll-forward of goodwill

The following is a roll-forward of goodwill for the fiscal years ended April 26, 2014, and April 27, 2013:

(Amounts in thousands)	Goodwill
Balance at April 28, 2012	$	—
Acquisitions		12,837
Balance at April 27, 2013		12,837
Acquisitions		1,086
Balance at April 26, 2014	$	13,923

Rollforward of other intangible assets

The following is a roll-forward of other intangible assets for the fiscal years ended April 26, 2014, and April 27, 2013:

(Amounts in thousands)	Tradenames			Reacquired Rights		Total Other Intangible Assets
Balance at April 28, 2012	$	3,028		$	—	$	3,028
Acquisitions		—			2,145		2,145
Impairment charges		(335	)		—		(335	)
Balance at April 27, 2013		2,693			2,145		4,838
Acquisitions		—			1,093		1,093
Restructuring		(1,265	)		—		(1,265	)
Impairment charges		(122	)		—		(122	)
Balance at April 26, 2014	$	1,306		$	3,238	$	4,544

Investments (Tables)

12 Months Ended

Apr. 26, 2014

Investments [Abstract]

Summary of investments

The following is a summary of investments at April 26, 2014, and April 27, 2013:

Fiscal 2014
(Amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,246	$	(52	)	$	8,216
Fixed income		166		(44	)		50,510
Mutual funds		—		—			1,787
Other		1		(10	)		425
Total securities	$	1,413	$	(106	)	$	60,938

Fiscal 2013
(Amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	296	$	(152	)	$	6,668
Fixed income		159		(1	)		33,076
Mutual funds		—		—			1,126
Other		1		(3	)		220
Total securities	$	456	$	(156	)	$	41,090

Sales of available-for-sale securities

The following table summarizes sales of available-for-sale securities (for the fiscal years ended):

(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Proceeds from sales	$	34,557		$	18,662		$	8,649
Gross realized gains		857			4,486			573
Gross realized losses		(559	)		(1,316	)		(54	)

Debt (Tables)

12 Months Ended

Apr. 26, 2014

Debt [Abstract]

Schedule of debt

Debt

(Amounts in thousands)	4/26/2014			4/27/2013
Industrial revenue bonds	$	7,100		$	7,100
Capital leases		674			989
Total debt		7,774			8,089
Less: current portion		(7,497	)		(513	)
Long-term debt	$	277		$	7,576

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 470

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

+ Details

Operating Leases (Tables)

12 Months Ended

Apr. 26, 2014

Operating Leases [Abstract]

Future minimum rentals for all non-cancelable operating leases and future rental income from subleases

The future minimum rentals for all non-cancelable operating leases and future rental income from subleases are as follows (for the fiscal years):

(Amounts in thousands)	Future Minimum Rentals		Future Minimum Income
2015	$	51,972	$	4,077
2016		48,464		4,123
2017		45,815		3,890
2018		42,720		3,830
2019		38,544		3,833
2020 and beyond		111,864		11,283
Total	$	339,379	$	31,036

Rental expense and rental income for operating leases

Rental expense and rental income from continuing operations for operating leases were as follows (for the fiscal years ended):

(Amounts in thousands)	4/26/2014		4/27/2013		4/28/2012
Rental expense	$	51,132	$	47,872	$	48,168
Rental income		5,138		5,095		4,655

Retirement and Welfare (Tables)

12 Months Ended

Apr. 26, 2014

Retirement and Welfare [Abstract]

Schedule of amounts recognized in accumulated other comprehensive loss

The changes in plan assets and benefit obligations were recognized in accumulated other comprehensive loss as follows (pre-tax) (for the fiscal years ended):

(Amounts in thousands)	4/26/2014			4/27/2013
Beginning of year net actuarial loss	$	48,745		$	45,270
Net current year actuarial (gain) loss		(5,932	)		6,499
Amortization of actuarial loss		(3,388	)		(3,024	)
End of year net actuarial loss	$	39,425		$	48,745

Schedule of net periodic pension cost

The combined net periodic pension cost and retirement costs for retirement plans related to continuing operations were as follows (for the fiscal years ended):

(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Service cost	$	1,241		$	1,231		$	1,110
Interest cost		4,822			5,325			5,565
Expected return on plan assets		(6,800	)		(6,855	)		(6,820	)
Net amortization and deferral		3,388			3,024			1,635
Net periodic pension cost (hourly plan)		2,651			2,725			1,490
401(k)*		5,802			5,198			2,473
PCRP*		2,513			—			—
Other*		223			191			107
Total retirement costs (excluding non-qualified defined benefit retirement plan)	$	11,189		$	8,114		$	4,070

*Not determined by an actuary

Schedule of changes in the benefit obligations and fair value of assets

The funded status of the defined benefit pension plan for eligible factory hourly employees was as follows:

(Amounts in thousands)	4/26/2014			4/27/2013
Change in benefit obligation
Benefit obligation at beginning of year	$	123,495		$	118,347
Service cost		1,241			1,231
Interest cost		4,822			5,325
Actuarial (gain) loss		(3,565	)		8,178
Benefits paid		(9,123	)		(9,586	)
Benefit obligation at end of year		116,870			123,495

Change in plan assets
Fair value of plan assets at beginning of year		111,430			89,002
Actual return on plan assets		9,494			9,060
Employer contributions	—				23,480
Other expenses		(327	)		(526	)
Benefits paid		(9,123	)		(9,586	)
Fair value of plan assets at end of year		111,474			111,430

Funded status	$	(5,396	)	$	(12,065	)

Schedule of amounts recognized in balance sheet

Amounts included in the consolidated balance sheet related to the defined benefit pension plan for eligible factory hourly employees consist of:

(Amounts in thousands)		4/26/2014				4/27/2013
Other long-term liabilities		$	(5,396	)		$	(12,065	)

Schedule of assumptions for the defined benefit pension plan

The actuarial assumptions for the defined benefit pension plan for eligible factory hourly employees were as follows (for the fiscal years ended):

	4/26/2014			4/27/2013			4/28/2012
Discount rate used to determine benefit obligations		4.4	%		4.0	%		4.6	%
Discount rate used to determine net benefit cost		4.0	%		4.6	%		5.6	%
Long-term rate of return		4.7	%		6.3	%		7.8	%

Schedule of fair value of the assets

Fiscal 2014
(Amounts in thousands)	Level 1 (a)		Level 2 (a)		Level 3
Cash and equivalents	$	207	$	6,083	$	—
Equity funds		22,623		7,736		—
Debt funds		—		74,825		—
Total	$	22,830	$	88,644	$	—

(a)

There were no transfers between Level 1 and Level 2 during fiscal 2014.

Fiscal 2013
(Amounts in thousands)	Level 1 (b)		Level 2 (b)		Level 3
Cash and equivalents	$	429	$	15,767	$	—
Equity funds		47,047		16,140		—
Debt funds		—		32,047		—
Total	$	47,476	$	63,954	$	—

(b)

There were no transfers between Level 1 and Level 2 during fiscal 2013.

Schedule of expected benefit payments

(Amounts in thousands)	Benefit Payments
2015	$	5,574
2016		5,625
2017		5,772
2018		5,906
2019		6,077
2020 to 2024		33,253
	$	62,207

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References+ Details

Product Warranties (Tables)

12 Months Ended

Apr. 26, 2014

Product Warranties [Abstract]

Reconciliation of changes in product warranty liability

A reconciliation of the changes in our product warranty liability is as follows:

(Amounts in thousands)	4/26/2014			4/27/2013
Balance as of the beginning of the year	$	15,525		$	14,327
Accruals during the year		15,785			15,370
Reclass to discontinued operations		(367	)		—
Settlements during the year		(14,930	)		(14,172	)
Balance as of the end of the year	$	16,013		$	15,525

Stock-Based Compensation (Tables)

12 Months Ended

Apr. 26, 2014

Stock-Based Compensation [Abstract]

Schedule of grants made during the period

The table below summarizes the grants made during fiscal 2014:

(Shares/units in thousands)

Shares/units

granted

Liability/

Equity

award

Settlement

Stock options

175

Equity

Common shares

Stock appreciation rights (“SARs”)

142

Liability

Cash

Restricted stock units – employees

125

Liability

Cash

Restricted stock units – directors

Equity

Common shares

Performance-based units

Liability

Cash

Performance-based shares

191

Equity

Common shares

Stock-based compensation expense recognized in consolidated statement of income

The table below summarizes the total stock-based compensation expense recognized in our consolidated statement of income:

(Amounts in thousands)	4/26/2014		4/27/2013		4/28/2012
Equity-based awards expense	$	8,739	$	11,458	$	5,718
Liability-based awards expense		5,736		2,170		405
Total stock-based compensation expense	$	14,475	$	13,628	$	6,123

Schedule of stock options plans activity

Plan activity for stock options under the above plans is as follows:

	Number of Shares (In Thousands)			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at April 27, 2013		1,256		$	9.78		4.7	$	10,537
Granted		175			19.06
Exercised		(589	)		9.00			$	8,335
Expired		(42	)		20.44
Canceled		(2	)		21.68
Outstanding at April 26, 2014		798		$	11.79		7.5	$	10,185
Exercisable at April 26, 2014		287		$	8.78		6.3	$	4,531

Schedule of nonvested share awards and stock unit activity

The following table summarizes information about non-vested share awards as of and for the year ended April 26, 2014:

	Number of Shares (In Thousands)			Weighted Average Grant Date Fair Value
Non-vested shares at April 27, 2013		530		$	6.67
Vested		(413	)		21.32
Canceled		(15	)		8.05
Non-vested shares at April 26, 2014		102		$	7.77
Awards granted during fiscal 2012				$	6.58

The following table summarizes information about non-vested stock units as of and for the year ended April 26, 2014:

	Number of Units (In Thousands)			Weighted Average Grant Date Fair Value
Non-vested units at April 27, 2013		156		$	11.91
Granted		125			19.28
Vested		(41	)		11.54
Canceled		(19	)		14.75
Non-vested units at April 26, 2014		221		$	15.90

Schedule of number of performance based shares and units granted

Performance-based awards granted (Shares/units in thousands)	Number of Units		Number of Shares
Fiscal 2012 grant		2		690
Fiscal 2013 grant		146		133
Fiscal 2014 grant		35		191

Schedule of number of awards earned based on performance conditions

Performance-based awards earned (Shares/units in thousands)	Number of Shares/Units
Fiscal 2012 performance-based shares		1,175
Fiscal 2012 performance-based units		5
Fiscal 2013 performance-based shares		95
Fiscal 2013 performance-based units		91
Fiscal 2014 performance-based shares		67
Fiscal 2014 performance-based units		11

Schedule of equity-based compensation expenses related to performance-based shares

Equity-based compensation expenses related to performance-based shares recognized in our consolidated statement of income were as follows (for the fiscal years ended):

(Amounts in thousands)	4/26/2014		4/27/2013		4/28/2012
Fiscal 2011 grant	$	—	$	1,707	$	200
Fiscal 2012 grant		3,603		5,442		1,409
Fiscal 2013 grant		849		440		—
Fiscal 2014 grant		1,006		—		—

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Valuation assumptions

	4/26/2014			4/27/2013			4/28/2012
Risk-free interest rate		0.84	%		0.75	%		1.5	%
Dividend rate		0.84	%		0	%		0	%
Expected life in years		5.0			5.0			5.5
Stock price volatility		81.3	%		83.8	%		88.8	%
Turnover rate		0	%		0	%		4.0	%
Fair value per share	$	11.63		$	7.87		$	6.68

Stock Appreciation Rights (SARs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Valuation assumptions

The fair value of the SARs granted during fiscal 2014 was remeasured at April 26, 2014, using the following assumptions:

	4/26/2014
Risk-free interest rate		1.64	%
Dividend rate		1.0	%
Expected life in years		4.1
Stock price volatility		49.5	%
Fair value per share	$	11.11

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Apr. 26, 2014

Accumulated Other Comprehensive Loss [Abstract]

Activity in accumulated other comprehensive loss

The activity in accumulated other comprehensive loss for the fiscal years ended April 26, 2014, and April 27, 2013, were as follows:

(Amounts in thousands)	Unrealized gain on marketable securities			Translation adjustment			Change in fair value of cash flow hedge			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at April 28, 2012	$	3,017		$	4,029		$	—		$	(38,327	)	$	(31,281	)
Changes before reclassifications		651			750			373			(7,645	)		(5,871	)
Amounts reclassified from accumulated other comprehensive loss		(3,170	)		—			—			3,140			(30	)
Tax effect		(24	)		—			(142	)		1,852			1,686
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated		(2,543	)		750			231			(2,653	)		(4,215	)
Balance at April 27, 2013		474			4,779			231			(40,980	)		(35,496	)
Changes before reclassifications		1,308			(2,324	)		(780	)		6,286			4,490
Amounts reclassified from accumulated other comprehensive loss		(300	)		—			321			3,566			3,587
Tax effect		(384	)		—			175			(3,752	)		(3,961	)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated		624			(2,324	)		(284	)		6,100			4,116
Balance at April 26, 2014	$	1,098		$	2,455		$	(53	)	$	(34,880	)	$	(31,380	)

Components of non-controlling interest

The components of non-controlling interest at April 26, 2014, and April 27, 2013, were as follows:

(Amounts in thousands)	4/26/2014			4/27/2013
Beginning balance	$	7,140		$	5,911
Net income		1,324			793
Other comprehensive (income) loss		(730	)		339
Change in non-controlling interest		98			97
Ending balance	$	7,832		$	7,140

Segment Information (Tables)

12 Months Ended

Apr. 26, 2014

Segment Information [Abstract]

Segment information

(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Sales
Upholstery segment:
Sales to external customers	$	959,118		$	902,454		$	834,468
Intersegment sales		139,932			127,311			103,592
Upholstery segment sales		1,099,050			1,029,765			938,060
Casegoods segment:
Sales to external customers		97,095			104,387			105,551
Intersegment sales		9,657			8,140			6,106
Casegoods segment sales		106,752			112,527			111,657
Retail segment sales		298,642			264,723			215,490
VIEs, net of intercompany sales eliminations		—			—			8,840
Corporate and Other		2,463			2,313			2,356
Eliminations		(149,589	)		(135,451	)		(109,698	)
Consolidated sales	$	1,357,318		$	1,273,877		$	1,166,705

Operating Income (Loss)
Upholstery segment	$	117,688		$	95,571		$	81,015
Casegoods segment		3,397			3,703			5,396
Retail segment		11,128			4,099			(7,819	)
VIEs		—			—			959
Restructuring		(4,839	)		(2,631	)		(281	)
Corporate and Other		(38,078	)		(33,139	)		(30,573	)
Consolidated operating income	$	89,296		$	67,603		$	48,697

Depreciation and Amortization
Upholstery segment	$	13,778		$	14,275		$	12,519
Casegoods segment		1,171			1,338			1,575
Retail segment		2,520			2,676			2,832
VIEs		—			—			149
Corporate and Other		5,566			4,674			6,234
Consolidated depreciation and amortization	$	23,035		$	22,963		$	23,309

Capital Expenditures
Upholstery segment	$	6,579	$	9,857	$	7,261
Casegoods segment		149		1,058		897
Retail segment		4,379		4,251		1,848
VIEs		—		—		543
Corporate and Other		22,623		10,218		4,969
Consolidated capital expenditures	$	33,730	$	25,384	$	15,518

Assets
Upholstery segment	$	305,814	$	296,108	$	303,537
Casegoods segment		53,299		70,147		73,888
Retail segment		119,816		73,496		49,818
Unallocated assets		292,366		280,620		258,496
Consolidated assets	$	771,295	$	720,371	$	685,739

(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Long-Lived Assets by Geographic Location
Domestic	$	147,538		$	133,208		$	114,979
International		6,805			8,168			8,345
Consolidated long-lived assets	$	154,343		$	141,376		$	123,324

Sales by Country
United States		86	%		86	%		86	%
Canada		8	%		9	%		9	%
Other		6	%		5	%		5	%
Total		100	%		100	%		100	%

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

Income Taxes (Tables)

12 Months Ended

Apr. 26, 2014

Income Taxes [Abstract]

Income before income taxes

Income before income taxes for continuing operations consists of the following (for the fiscal years ended):

(Amounts in thousands)	4/26/2014		4/27/2013		4/28/2012
United States	$	82,705	$	63,193	$	52,631
Foreign		8,854		7,492		6,319
Total	$	91,559	$	70,685	$	58,950

Components of income tax expense

Income tax expense (benefit) applicable to continuing operations consists of the following components (for the fiscal years ended):

(Amounts in thousands)	4/26/2014			4/27/2013		4/28/2012
Federal:
– current	$	24,695		$	17,049	$	11,830
– deferred		1,495			1,341		(38,597	)
State:
– current		5,345			2,746		3,446
– deferred		( 2,082	)		464		(1,864	)
Foreign:
– current		1,375			739		2,040
– deferred		555			1,181		(1,907	)
Total income tax expense (benefit)	$	31,383		$	23,520	$	(25,052	)

Effective income tax rate reconciliation

Our effective tax rate differs from the U.S. federal income tax rate for the following reasons:

(% of pre-tax income)	4/26/2014			4/27/2013			4/28/2012
Statutory tax rate		35.0	%		35.0	%		35.0	%
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit		3.1			3.0			5.0
U.S. manufacturing benefit		(1.0	)		(2.0	)		(2.3	)
Change in valuation allowance		(1.2	)		(0.3	)		(78.3	)
Gain on sale of marketable securities		—			(1.6	)		—
Miscellaneous items		(1.6	)		(0.8	)		(1.9	)
Effective tax rate		34.3	%		33.3	%		(42.5	%)

Components of our deferred tax assets and (liabilities)

The primary components of our deferred tax assets and (liabilities) were as follows:

(Amounts in thousands)	4/26/2014			4/27/2013
Assets
Deferred and other compensation	$	19,774		$	19,510
Allowance for doubtful accounts		5,456			9,567
State income tax – net operating losses, credits and other		6,440			6,542
Pension		2,097			4,632
Warranty		6,247			5,937
Rent		4,824			4,697
Workers’ compensation		4,068			3,804
Foreign net operating loss		—			759

Other		6,598			5,128
Valuation allowance		(4,700	)		(6,619	)
Total deferred tax assets		50,804			53,957
Liabilities
Property, plant and equipment		(3,337	)		(2,745	)
Net deferred tax assets	$	47,467		$	51,212

Summary of loss carryforwards

The deferred tax assets associated with loss carry forwards and the related expiration dates are as follows:

(Amounts in thousands)	Amount		Expiration
Various U.S. state net operating losses (excluding federal tax effect)	$	9,215	Fiscal 2015 – 2033
Foreign capital losses		20	Indefinite

Summary of valuation allowance by jurisdiction

Jurisdiction (Amounts in thousands)	4/27/2013 Valuation Allowance		Change			4/26/2014 Valuation Allowance
U.S. state		6,464		(1,784	)		4,680
Foreign		155		(135	)		20
Total	$	6,619	$	(1,919	)	$	4,700

Unrecognized tax benefits roll forward

(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Balance at the beginning of the period	$	3,248		$	3,909		$	4,492
Additions:
Positions taken during the current year		88			338			147
Positions taken during the prior year		—			—			—
Reductions:
Positions taken during the current year		—			—			—
Positions taken during the prior year		(99	)		(28	)		(202	)
Decreases related to settlements with taxing authorities		(98	)		—			(166	)
Reductions resulting from the lapse of the statute of limitations		(167	)		(971	)		(362	)
Balance at the end of the period	$	2,972		$	3,248		$	3,909

Earnings per Share (Tables)

12 Months Ended

Apr. 26, 2014

Earnings per Share [Abstract]

Reconciliation of numerators and denominators used in the computations of basic and diluted earnings per share

A reconciliation of the numerators and denominators used in the computations of basic and diluted earnings per share were as follows:

	Year Ended
(Amounts in thousands)	4/26/2014			4/27/2013			4/28/2012
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$	55,056		$	46,389		$	87,966
Income allocated to participating securities		(422	)		(639	)		(1,650	)
Net income available to common shareholders	$	54,634		$	45,750		$	86,316

	Year Ended
(Amounts in thousands)	4/26/2014		4/27/2013		4/28/2012
Denominator:
Basic weighted average common shares outstanding		52,386		52,351		51,944
Add:
Contingent common shares		1,049		812		—
Stock option dilution		394		522		534
Diluted weighted average common shares outstanding		53,829		53,685		52,478

Fair Value Measurements (Tables)

12 Months Ended

Apr. 26, 2014

Fair Value Measurements [Abstract]

Schedule of assets measured at fair value on recurring basis

The following table presents the fair value hierarchy for those assets measured at fair value on a recurring basis as of April 26, 2014, and April 27, 2013:

Fiscal 2014	Fair Value Measurements
(Amounts in thousands)	Level 1 (a)		Level 2 (a)		Level 3
Assets
Available-for-sale securities	$	1,521	$	57,630	$	—
Trading securities		—		1,787		—
Total	$	1,521	$	59,417	$	—

(a)

There were no transfers between Level 1 and Level 2 during fiscal 2014.

Fiscal 2013	Fair Value Measurements
(Amounts in thousands)	Level 1 (b)		Level 2 (b)		Level 3
Assets
Available-for-sale securities	$	1,217	$	38,747	$	—
Trading securities		—		1,126		—
Total	$	1,217	$	39,873	$	—

(b)

There were no transfers between Level 1 and Level 2 during fiscal 2013.

Accounting Policies (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Apr. 26, 2014 Week	Apr. 27, 2013 Week	Apr. 28, 2012 Week
Accounting Policies [Abstract]
Number of weeks in fiscal year	52	52	52
Inventories [Abstract]
Percent of LIFO Inventory (in hundredths)	67.00%	67.00%
Research and Development Costs [Abstract]
Research and Development cost	$ 7.9	$ 7.2	$ 7.3
Advertising Expenses [Abstract]
Gross advertising expenses	59.6	53.9	47.7
Percent of Reimbursement on Advertisement (in hundredths)	34.60%
Insurance/Self- Insurance [Abstract]
Maximum deductibles for insurance arrangement	$ 1.5
Computer Software Costs [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computer Software Costs [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years

Acquisitions (Details) (USD $)	3 Months Ended
Acquisitions (Details) (USD $)	Jan. 25, 2014 Store	Oct. 26, 2013 Store	Oct. 27, 2012 Store	Apr. 26, 2014	Apr. 27, 2013	Oct. 01, 2012	Apr. 28, 2012
Acquisitions [Abstract]
Net notes and accounts receivable acquired from dealer	$ 1,400,000	$ 1,600,000
Amortization period of intangible assets	15 years	15 years	15 years
Number of stores	2	3	9
Cash paid for assets	800,000
Purchase price allocation [Abstract]
Current assets						4,260,000
Goodwill	1,100,000			13,923,000	12,837,000	12,837,000	0
Other intangible assets	500,000	600,000	2,200,000			2,145,000
Property, plant, and equipment, net						336,000
Total assets acquired						19,578,000
Current liabilities						(2,199,000)
Net assets acquired						$ 17,379,000

Restructuring (Details) (USD $)	3 Months Ended	12 Months Ended
Restructuring (Details) (USD $)	Apr. 26, 2014 Facility	Apr. 26, 2014 Facility	Apr. 27, 2013	Apr. 28, 2012
Restructuring Cost and Reserve [Line Items]
Number of manufacturing facilities	2	2
Restructuring charges, net of tax		$ 5,300,000
Restructuring Charges [Abstract]
Inventory write downs		1,149,000	0	0
Tradename write-down		1,265,000
Total restructuring expense	4,800,000	8,071,000	2,600,000
Casegoods Segment [Member]
Restructuring Charges [Abstract]
Total restructuring expense			2,600,000
Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net of tax		3,200,000
Restructuring Charges [Abstract]
Fixed asset write-downs		2,272,000
Inventory write downs		2,216,000
Other		351,000
Total restructuring expense		4,839,000
Discontinued Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net of tax		2,100,000
Restructuring Charges [Abstract]
Inventory write downs		1,804,000
Tradename write-down		1,265,000
Other		163,000
Total restructuring expense		$ 3,232,000

- Definition

Amount of other expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses associated with a discontinued operation or an asset retirement obligation.

+ References+ Details

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References+ Details

Discontinued Operations (Details) (USD $)	3 Months Ended	12 Months Ended						3 Months Ended	12 Months Ended
Discontinued Operations (Details) (USD $)	Apr. 26, 2014	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012	Apr. 26, 2014 Bauhaus U.S.A. [Member]	Apr. 27, 2013 Bauhaus U.S.A. [Member]	Apr. 28, 2012 Bauhaus U.S.A. [Member]	Jul. 26, 2014 Bauhaus U.S.A. [Member] Subsequent Event [Member]	Apr. 26, 2014 Lea Industries [Member]	Apr. 27, 2013 Lea Industries [Member]	Apr. 28, 2012 Lea Industries [Member]
Results of the discontinued operations [Abstract]
Net sales					$ 33,608,000	$ 37,282,000	$ 37,043,000		$ 16,979,000	$ 21,366,000	$ 27,928,000
Income (loss) from discontinued operations					(1,560,000)	1,088,000	791,000		(4,472,000)	(1,063,000)	7,116,000
Income tax benefit / (expense)					541,000	(412,000)	(303,000)		1,695,000	404,000	(2,698,000)
Income (loss) from discontinued operations, net of tax		(3,796,000)	17,000	4,906,000	(1,019,000)	676,000	488,000		(2,777,000)	(659,000)	4,418,000
Impairment of asset to be disposed of					1,149,000
Restructuring cost	4,800,000	8,071,000	2,600,000						3,300,000
Assets and Liabilities of discontinued operations [Abstract]
Receivables, net					3,780,000				1,190,000
Inventories, net					4,231,000				3,013,000
Other current assets					85,000				87,000
Property, plant, and equipment, net					518,000
Total assets					8,614,000				4,290,000
Accounts payable					1,290,000				234,000
Accrued expenses and other current liabilities					633,000				576,000
Other long-term liabilities									22,000
Total liabilities					1,923,000				832,000
Working capital adjustment								$ 200,000

Allowance for Credit Losses (Details) (USD $)	12 Months Ended
Allowance for Credit Losses (Details) (USD $)	Apr. 26, 2014	Apr. 27, 2013
Allowance for Credit Losses [Abstract]
Notes receivable, gross	$ 4,300,000	$ 8,300,000
Number of customers with notes receivable balance	6	9
Notes receivable, current	700,000	1,800,000
Notes receivable written off during the period	2,700,000
Allowance for Credit Losses [Member]
Analysis of allowance for credit losses [Roll Forward]
Beginning balance	1,986,000	1,537,000
Recoveries	0	(73,000)
Write-offs	(1,888,000)	0
Provision for credit losses	60,000	522,000
Ending balance	$ 158,000	$ 1,986,000

Inventories (Details) (USD $) In Thousands, unless otherwise specified	Apr. 26, 2014	Apr. 27, 2013
Inventories [Abstract]
Raw materials	$ 71,247	$ 70,731
Work in process	13,722	12,182
Finished goods	91,842	93,273
FIFO inventories	176,811	176,186
Excess of FIFO over LIFO	(29,802)	(29,843)
Inventories, net	$ 147,009	$ 146,343

Property, Plant and Equipment (Details) (USD $)	12 Months Ended
Property, Plant and Equipment (Details) (USD $)	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
Property, Plant and Equipment [Abstract]
Property, plant and equipment, gross	$ 455,180,000	$ 441,035,000
Construction in progress, gross	31,233,000	4,496,000
Accumulated depreciation	(327,645,000)	(322,975,000)
Net property, plant and equipment	127,535,000	118,060,000
Depreciation expense	19,300,000	19,700,000	21,200,000
Buildings and Building Fixtures [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, gross	161,490,000	171,346,000
Buildings and Building Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	3 years
Buildings and Building Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	40 years
Machinery and equipment [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, gross	140,561,000	141,924,000
Machinery and equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	3 years
Machinery and equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	15 years
Information systems and software [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, gross	64,208,000	62,005,000
Information systems and software [Member] \| Minimum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	3 years
Information systems and software [Member] \| Maximum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	10 years
Land [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, gross	15,344,000	18,433,000
Land improvements [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, gross	10,820,000	10,772,000
Land improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	3 years
Land improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	30 years
Transportation equipment [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, gross	17,420,000	17,855,000
Transportation equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	3 years
Transportation equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	10 years
Furniture and fixtures [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, gross	$ 14,104,000	$ 14,204,000
Furniture and fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	3 years
Furniture and fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	15 years

Goodwill and Other Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Apr. 26, 2014	Apr. 27, 2013	Jan. 25, 2014	Oct. 01, 2012
Goodwill [Roll Forward]
Balance at Beginning of period	$ 12,837	$ 0	$ 1,100	$ 12,837
Acquisitions	1,086	12,837
Balance at End of period	13,923	12,837	1,100	12,837
Rollforward of other intangible assets [Roll Forward]
Balance at the beginning of the period (Excluding Goodwill)	4,838	3,028
Acquisitions	1,093	2,145
Impairment charges	(122)	(335)
Indefinite Lived Intangible Assets Restructuring Charges	(1,265)
Balance at the end of the period (Excluding Goodwill)	4,544	4,838
Trade Names [Member]
Rollforward of other intangible assets [Roll Forward]
Balance at the beginning of the period (Excluding Goodwill)	2,693	3,028
Acquisitions	0	0
Impairment charges	(122)	(335)
Indefinite Lived Intangible Assets Restructuring Charges	(1,265)
Balance at the end of the period (Excluding Goodwill)	1,306	2,693
Reacquired Rights [Member]
Rollforward of other intangible assets [Roll Forward]
Balance at the beginning of the period (Excluding Goodwill)	2,145	0
Acquisitions	1,093	2,145
Impairment charges	0	0
Indefinite Lived Intangible Assets Restructuring Charges	0
Balance at the end of the period (Excluding Goodwill)	$ 3,238	$ 2,145
Retail Group [Member] \| Goodwill [Member]
Key Assumptions [Abstract]
Discount rate (in hundredths)	12.20%
Terminal growth rate (in hundredths)	2.00%

Investments (Details) (USD $)	12 Months Ended
Investments (Details) (USD $)	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
Schedule of Available-for-sale Securities [Line Items]
Amount of investment which enhance return on cash	$ 44,700,000	$ 29,900,000
Summary of investments [Abstract]
Gross Unrealized Gains	1,413,000	456,000
Gross Unrealized Losses	(106,000)	(156,000)
Fair Value	60,938,000	41,090,000
Sales of available-for-sale securities [Abstract]
Proceeds from sales	34,557,000	18,662,000	8,649,000
Gross realized gains	857,000	4,486,000	573,000
Gross realized losses	(559,000)	(1,316,000)	(54,000)
Available-for-sale fair value by contractual maturity [Abstract]
Available-for-sale securities, within one year, fair value	15,900,000
Available-for-sale Securities, within two through five years, fair value	32,700,000
Available-for-sale securities, within six through ten years, fair value	1,400,000
Available-for-sale securities, after ten years, fair value	500,000
Other Current Assets [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale investments, current	15,900,000	10,800,000
Trading securities, current	1,800,000	1,100,000
Other Long-Term Assets [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale investments	43,200,000	29,200,000
Equity securities [Member]
Summary of investments [Abstract]
Gross Unrealized Gains	1,246,000	296,000
Gross Unrealized Losses	(52,000)	(152,000)
Fair Value	8,216,000	6,668,000
Fixed income [Member]
Summary of investments [Abstract]
Gross Unrealized Gains	166,000	159,000
Gross Unrealized Losses	(44,000)	(1,000)
Fair Value	50,510,000	33,076,000
Mutual funds [Member]
Summary of investments [Abstract]
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	1,787,000	1,126,000
Other [Member]
Summary of investments [Abstract]
Gross Unrealized Gains	1,000	1,000
Gross Unrealized Losses	(10,000)	(3,000)
Fair Value	$ 425,000	$ 220,000

Accrued Expenses and Other Current Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Apr. 26, 2014	Apr. 27, 2013
Accrued Expenses and Other Current Liabilities [Abstract]
Payroll and other compensation	$ 42,667	$ 39,270
Accrued product warranty, current portion	9,815	9,532
Customer deposits	20,903	15,852
Other current liabilities	29,491	34,454
Accrued expenses and other current liabilities	$ 102,876	$ 99,108

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

- Definition

Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed.

+ References+ Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable for estimated claims under standard and extended warranty protection rights granted to customers. For classified balance sheets, represents the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

Debt (Details) (USD $)	12 Months Ended
Debt (Details) (USD $)	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
Long-term debt [Abstract]
Total debt	$ 7,774,000	$ 8,089,000
Less: current portion	(7,497,000)	(513,000)
Long-term debt	277,000	7,576,000
Maturities of Long-term Debt [Abstract]
Cash paid for interest	500,000	700,000	1,600,000
Revolving Credit Facility [Member]
Long-term debt [Abstract]
Debt instrument, covenant description	The credit agreement includes affirmative and negative covenants that apply under certain circumstances, including a 1.05 to 1.00 fixed charge coverage ratio requirement that applies when excess availability under the line is less than 12.5% of the revolving credit commitment of $150 million.
Maximum percentage of excess availability of credit facility considered for fixed charge coverage ratio (in hundredths)	12.50%
Revolving credit, Commitment Fee Amount	150,000,000
Borrowing outstanding	0
Excess availability	140,000,000
Revolving Credit Facility [Member] \| Minimum [Member]
Long-term debt [Abstract]
Fixed charge coverage ratio	1.00
Revolving Credit Facility [Member] \| Maximum [Member]
Long-term debt [Abstract]
Fixed charge coverage ratio	1.05
Industrial Revenue Bonds [Member]
Long-term debt [Abstract]
Total debt	7,100,000	7,100,000
Interest on bonds	0.10%
Maturity date	Jun. 30, 2014
Capital Leases [Member]
Long-term debt [Abstract]
Total debt	674,000	989,000
Minimum interest rate (in hundredths)	7.60%
Maximum interest rate (in hundredths)	9.10%
Maturities of Long-term Debt [Abstract]
2016	200,000
2017	$ 100,000

Operating Leases (Details) (USD $)	12 Months Ended
Operating Leases (Details) (USD $)	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
Operating Leases [Abstract]
Lease expiration	Apr. 27, 2030
Total rent liability	$ 12,800,000	$ 11,700,000
Future minimum rentals for all non-cancelable operating leases [Abstract]
2015	51,972,000
2016	48,464,000
2017	45,815,000
2018	42,720,000
2019	38,544,000
2020 and beyond	111,864,000
Future minimum rentals	339,379,000
Future rental income from subleases [Abstract]
2015	4,077,000
2016	4,123,000
2017	3,890,000
2018	3,830,000
2019	3,833,000
2020 and beyond	11,283,000
Future minimum income	31,036,000
Rental expense and rental income for operating leases [Abstract]
Rental expense	51,132,000	47,872,000	48,168,000
Rental income	$ 5,138,000	$ 5,095,000	$ 4,655,000

Retirement and Welfare (Details) (USD $)

12 Months Ended

Apr. 26, 2014

Apr. 27, 2013

Apr. 28, 2012

Defined Benefit Plan Disclosure [Line Items]

Amount of obligations under performance compensation retirement plan

$ 2,500,000

Deferred compensation arrangement obligations

12,300,000

10,000,000

Cash surrender value of life insurance contracts and mutual funds

10,900,000

8,900,000

Market value of mutual funds included in other current assets

1,800,000

1,100,000

Interest cost

4,822,000

5,325,000

5,565,000

Benefits paid

9,123,000

9,586,000

Defined benefit plan amounts recognized in other comprehensive income (loss) [Abstract]

Beginning of year net actuarial loss

48,745,000

45,270,000

Net current year actuarial (gain) loss

(5,932,000)

6,499,000

Amortization of actuarial loss

(3,388,000)

(3,024,000)

End of year net actuarial loss

39,425,000

48,745,000

45,270,000

Expect to amortize of unrecognized actuarial losses

2,700,000

Components of net periodic benefit cost [Abstract]

Service cost

1,241,000

1,231,000

1,110,000

Interest cost

4,822,000

5,325,000

5,565,000

Expected return on plan assets

(6,800,000)

(6,855,000)

(6,820,000)

Net amortization and deferral

3,388,000

3,024,000

1,635,000

Net periodic pension cost (hourly plan)

2,651,000

2,725,000

1,490,000

401(k)

5,802,000

^[1]

5,198,000

^[1]

2,473,000

^[1]

PCRP

2,513,000

^[1]

Other

223,000

^[1]

191,000

^[1]

107,000

^[1]

Total retirement costs (excluding non-qualified defined benefit retirement plan)

11,189,000

8,114,000

4,070,000

Change in benefit obligation [Roll Forward]

Benefit obligation at beginning of year

123,495,000

118,347,000

Service cost

1,241,000

1,231,000

1,110,000

Interest cost

4,822,000

5,325,000

5,565,000

Actuarial (gain) loss

(3,565,000)

8,178,000

Benefits paid

(9,123,000)

(9,586,000)

Benefit obligation at end of year

116,870,000

123,495,000

118,347,000

Change in Plan Assets [Roll Forward]

Fair value of plan assets at beginning of year

111,430,000

89,002,000

Actual return on plan assets

9,494,000

9,060,000

Employer contributions

23,480,000

Other expenses

(327,000)

(526,000)

Benefits paid

(9,123,000)

(9,586,000)

Fair value of plan assets at end of year

111,474,000

111,430,000

89,002,000

Funded status

(5,396,000)

(12,065,000)

Actuarial assumptions defined benefit pension plan [Abstract]

Discount rate used to determine benefit obligations (in hundredths)

4.40%

4.00%

4.60%

Discount rate used to determine net benefit cost (in hundredths)

4.00%

4.60%

5.60%

Long-term rate of return (in hundredths)

4.70%

6.30%

7.80%

Defined Benefit Plan, Expected future benefit payments, fiscal year maturity [Abstract]

5,574,000

5,625,000

5,772,000

5,906,000

6,077,000

33,253,000

62,207,000

Level 1 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

22,830,000

^[2]

47,476,000

^[3]

Level 2 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

88,644,000

^[2]

63,954,000

^[3]

Level 3 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

Equity Securities [Member] | Level 1 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

22,623,000

^[2]

47,047,000

^[3]

Equity Securities [Member] | Level 2 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

7,736,000

^[2]

16,140,000

^[3]

Equity Securities [Member] | Level 3 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

Fixed Income [Member]

Actuarial assumptions defined benefit pension plan [Abstract]

Strategic asset allocation (in hundredths)

90.00%

Cash and Equivalents [Member] | Level 1 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

207,000

^[2]

429,000

^[3]

Cash and Equivalents [Member] | Level 2 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

6,083,000

^[2]

15,767,000

^[3]

Cash and Equivalents [Member] | Level 3 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

Debt Securities [Member] | Level 1 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

^[2]

^[3]

Debt Securities [Member] | Level 2 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

74,825,000

^[2]

32,047,000

^[3]

Debt Securities [Member] | Level 3 [Member]

Change in Plan Assets [Roll Forward]

Fair value of plan assets at end of year

Factory Hourly Employees [Member]

Defined Benefit Plan Disclosure [Line Items]

Other long-term liabilities

(5,396,000)

(12,065,000)

Non-Qualified Defined Benefit Retirement Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Other long-term liabilities

(16,200,000)

(17,000,000)

Interest cost

800,000

Actuarial gain (loss) recognized in accumulated other comprehensive loss

400,000

1,100,000

Benefits paid

1,100,000

Expected future benefit payments annually in next ten years

1,100,000

Components of net periodic benefit cost [Abstract]

Interest cost

800,000

Change in benefit obligation [Roll Forward]

Interest cost

800,000

Benefits paid

(1,100,000)

Change in Plan Assets [Roll Forward]

Benefits paid

$ (1,100,000)

Actuarial assumptions defined benefit pension plan [Abstract]

Discount rate used to determine benefit obligations (in hundredths)

4.30%

3.70%

[1]	Not determined by an actuary
[2]	There were no transfers between Level 1 and Level 2 during fiscal 2014.
[3]	There were no transfers between Level 1 and Level 2 during fiscal 2013.

Product Warranties (Details) (USD $)	12 Months Ended
Product Warranties (Details) (USD $)	Apr. 26, 2014	Apr. 27, 2013
Product Warranty Contingency [Line Items]
Percentage of warranty liability relating to Upholstery Group (in hundredths)	95.00%
Reconciliation of changes in product warranty liability [Roll Forward]
Balance as of the beginning of the year	$ 15,525,000	$ 14,327,000
Accruals during the year	15,785,000	15,370,000
Reclass to discontinued operations	(367,000)	0
Settlements during the year	(14,930,000)	(14,172,000)
Balance as of the end of the year	16,013,000	15,525,000
Amount of product warranty liability included in accrued expenses and other current liabilities	$ 9,800,000	$ 9,500,000
Fabric and Leather [Member]
Product Warranty Contingency [Line Items]
Warranty term	1 year
Padding [Member]
Product Warranty Contingency [Line Items]
Warranty term	1 to 10 years
Certain Mechanisms and Frames [Member]
Product Warranty Contingency [Line Items]
Warranty term	Up to a lifetime
Labor Costs Relating to Parts [Member]
Product Warranty Contingency [Line Items]
Warranty term	1 year

Stock-Based Compensation (Details) (USD $)	12 Months Ended				12 Months Ended																																																															12 Months Ended
Stock-Based Compensation (Details) (USD $)	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012	Oct. 26, 2013 2010 Omnibus Incentive Plan [Member]	Apr. 26, 2014 Stock Options [Member]	Apr. 27, 2013 Stock Options [Member]	Apr. 28, 2012 Stock Options [Member]	Apr. 26, 2014 Stock Options [Member] Selling, General and Administrative Expenses [Member]	Apr. 27, 2013 Stock Options [Member] Selling, General and Administrative Expenses [Member]	Apr. 28, 2012 Stock Options [Member] Selling, General and Administrative Expenses [Member]	Apr. 26, 2014 Stock Options [Member] Minimum [Member]	Apr. 26, 2014 Stock Options [Member] Maximum [Member]	Apr. 26, 2014 Stock Appreciation Rights (SARs) [Member]	Apr. 26, 2014 Stock Appreciation Rights (SARs) [Member] 2013 Grant Remeasured [Member]	Apr. 26, 2014 Stock Appreciation Rights (SARs) [Member] 2014 Grant Remeasured [Member]	Apr. 26, 2014 Stock Appreciation Rights (SARs) [Member] Selling, General and Administrative Expenses [Member]	Apr. 27, 2013 Stock Appreciation Rights (SARs) [Member] Selling, General and Administrative Expenses [Member]	Apr. 26, 2014 Stock Appreciation Rights (SARs) [Member] Minimum [Member]	Apr. 26, 2014 Stock Appreciation Rights (SARs) [Member] Maximum [Member]	Apr. 26, 2014 Restricted Stock Units (RSUs) [Member]	Apr. 26, 2014 Restricted Stock Units (RSUs) [Member] Employees [Member]	Apr. 26, 2014 Restricted Stock Units (RSUs) [Member] Director [Member]	Apr. 26, 2014 Restricted Stock Units (RSUs) [Member] Non-Employee Directors [Member]	Apr. 27, 2013 Restricted Stock Units (RSUs) [Member] Non-Employee Directors [Member]	Apr. 28, 2012 Restricted Stock Units (RSUs) [Member] Non-Employee Directors [Member]	Apr. 26, 2014 Restricted Stock Units (RSUs) [Member] Selling, General and Administrative Expenses [Member]	Apr. 27, 2013 Restricted Stock Units (RSUs) [Member] Selling, General and Administrative Expenses [Member]	Apr. 26, 2014 Restricted Stock Units (RSUs) [Member] Selling, General and Administrative Expenses [Member] Non-Employee Directors [Member]	Apr. 27, 2013 Restricted Stock Units (RSUs) [Member] Selling, General and Administrative Expenses [Member] Non-Employee Directors [Member]	Apr. 28, 2012 Restricted Stock Units (RSUs) [Member] Selling, General and Administrative Expenses [Member] Non-Employee Directors [Member]	Apr. 26, 2014 Performance Based Units [Member]	Apr. 27, 2013 Performance Based Units [Member]	Apr. 26, 2014 Performance Based Units [Member] Fiscal 2012 Grant [Member]	Apr. 26, 2014 Performance Based Units [Member] Fiscal 2013 Grant [Member]	Apr. 26, 2014 Performance Based Units [Member] Fiscal 2014 Grant [Member]	Apr. 26, 2014 Performance Based Units [Member] Monte Carlo Valuation Model [Member]	Apr. 27, 2013 Performance Based Units [Member] Monte Carlo Valuation Model [Member]	Apr. 26, 2014 Performance Based Units [Member] Selling, General and Administrative Expenses [Member]	Apr. 27, 2013 Performance Based Units [Member] Selling, General and Administrative Expenses [Member]	Apr. 26, 2014 Performance-Based Shares [Member]	Apr. 27, 2013 Performance-Based Shares [Member]	Apr. 28, 2012 Performance-Based Shares [Member]	Apr. 26, 2014 Performance-Based Shares [Member] Fiscal 2011 Grant [Member]	Apr. 27, 2013 Performance-Based Shares [Member] Fiscal 2011 Grant [Member]	Apr. 28, 2012 Performance-Based Shares [Member] Fiscal 2011 Grant [Member]	Apr. 26, 2014 Performance-Based Shares [Member] Fiscal 2012 Grant [Member]	Apr. 27, 2013 Performance-Based Shares [Member] Fiscal 2012 Grant [Member]	Apr. 28, 2012 Performance-Based Shares [Member] Fiscal 2012 Grant [Member]	Apr. 26, 2014 Performance-Based Shares [Member] Fiscal 2013 Grant [Member]	Apr. 27, 2013 Performance-Based Shares [Member] Fiscal 2013 Grant [Member]	Apr. 28, 2012 Performance-Based Shares [Member] Fiscal 2013 Grant [Member]	Apr. 26, 2014 Performance-Based Shares [Member] Fiscal 2014 Grant [Member]	Apr. 27, 2013 Performance-Based Shares [Member] Fiscal 2014 Grant [Member]	Apr. 28, 2012 Performance-Based Shares [Member] Fiscal 2014 Grant [Member]	Apr. 26, 2014 Performance-Based Shares [Member] Monte Carlo Valuation Model [Member]	Apr. 27, 2013 Performance-Based Shares [Member] Monte Carlo Valuation Model [Member]	Apr. 28, 2012 Performance-Based Shares [Member] Monte Carlo Valuation Model [Member]	Apr. 26, 2014 Restricted Shares [Member]	Apr. 28, 2012 Restricted Shares [Member]	Apr. 26, 2014 Restricted Shares [Member] Selling, General and Administrative Expenses [Member]	Apr. 27, 2013 Restricted Shares [Member] Selling, General and Administrative Expenses [Member]	Apr. 28, 2012 Restricted Shares [Member] Selling, General and Administrative Expenses [Member]	Apr. 26, 2014 Performance Based Units and Performance Based Shares [Member]	Apr. 26, 2014 Performance Based Units and Performance Based Shares [Member] Minimum [Member]	Apr. 26, 2014 Performance Based Units and Performance Based Shares [Member] Maximum [Member]	Apr. 26, 2014 Previously Granted Deferred Stock Units [Member]	Apr. 27, 2013 Previously Granted Deferred Stock Units [Member]	Apr. 26, 2014 Previously Granted Deferred Stock Units [Member] Selling, General and Administrative Expenses [Member]	Apr. 27, 2013 Previously Granted Deferred Stock Units [Member] Selling, General and Administrative Expenses [Member]	Apr. 28, 2012 Previously Granted Deferred Stock Units [Member] Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of common shares that may be issued through awards (in shares)				8,700,000
Options granted (in shares)					175,000
Equity instruments other than options, granted in period (in shares/units)													142,000							125,000	125,000	34,000	100,000	100,000	100,000						35,000									191,000
Stock-based compensation expense recognized consolidated statement of income
Equity-based awards expense	$ 8,739,000	$ 11,458,000	$ 5,718,000
Liability-based awards expense	5,736,000	2,170,000	405,000
Total stock-based compensation expense	14,475,000	13,628,000	6,123,000					2,100,000	2,300,000	1,900,000						1,100,000	600,000									1,600,000	500,000	700,000	700,000	700,000								2,200,000	700,000																					500,000	1,000,000	1,600,000						800,000	300,000	400,000
Purchase price of common stock (in hundredths)					100.00%
Vesting period of stock-based award											1 year	4 years						1 year	4 years	4 years
Award expiration period											5 years	10 years
Proceeds from stock options exercised					3,600,000	2,900,000	4,900,000
Number of Shares [Abstract]
Outstanding, at beginning of period (in shares)					1,256,000
Granted (in shares)					175,000
Exercised (in shares)					(589,000)
Expired (in shares)					(42,000)
Canceled (in shares)					(2,000)
Outstanding, at end of period (in shares)					798,000	1,256,000
Exercisable (in shares)					287,000
Weighted Average Exercise Price [Abstract]
Outstanding, at beginning of period (in dollars per share)	$ 20.74	$ 19.97			$ 9.78
Granted (in dollars per share)					$ 19.06
Exercised (in dollars per share)					$ 9.00
Expired (in dollars per share)					$ 20.44
Canceled (in dollars per share)					$ 21.68
Outstanding, at end of period (in dollars per share)		$ 20.74	$ 19.97		$ 11.79	$ 9.78
Exercisable, Weighted Average Exercise Price (in dollars per share)					$ 8.78
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Remaining Contractual Term, Outstanding (in years)					7 years 6 months	4 years 8 months 12 days
Weighted Average Remaining Contractual Term, Outstanding (in years)					7 years 6 months	4 years 8 months 12 days
Weighted Average Remaining Contractual Term, Exercisable					6 years 3 months 18 days
Aggregate Intrinsic Value, Outstanding					10,537,000
Aggregate Intrinsic Value, Exercised					8,335,000	6,000,000	4,500,000
Aggregate Intrinsic Value, Outstanding					10,185,000	10,537,000
Aggregate Intrinsic Value, Exercisable					4,531,000
Unrecognized compensation cost					1,000,000								1,400,000							4,200,000											2,000,000									3,000,000																		400,000
Period for recognition of unrecognized compensation costs					2 years 3 months 18 days								2 years 3 months 18 days							2 years 8 months 12 days											1 year 1 month 6 days									1 year 4 months 24 days																		1 year 2 months 12 days
Shares vested (in shares)					500,000
Fair value assumptions [Abstract]
Risk-free interest rate (in hundredths)					0.84%	0.75%	1.50%							0.82%	1.64%
Dividend rate (in hundredths)					0.84%	0.00%	0.00%							1.00%	1.00%
Expected life in years					5 years	5 years	5 years 6 months							3 years 2 months 12 days	4 years 1 month 6 days
Stock price volatility (in hundredths)					81.30%	83.80%	88.80%							44.40%	49.50%
Turnover rate (in hundredths)					0.00%	0.00%	4.00%
Fair value per share (in dollars per share)					$ 11.63	$ 7.87	$ 6.68							$ 13.39	$ 11.11
Number of Shares [Abstract]
Non-vested units at beginning of period (in shares)																				156,000																																						530,000
Granted (in shares)													142,000							125,000	125,000	34,000	100,000	100,000	100,000						35,000									191,000
Vested (in shares)																				(41,000)																																						(413,000)
Canceled (in shares)																				(19,000)																																						(15,000)
Non-vested units at end of period (in shares)																				221,000																																						102,000
Weighted Average Grant Date Fair Value [Abstract]
Non-vested shares, at beginning of period (in dollars per share)																				$ 11.91																																						$ 6.67
Granted (in dollars per share)																				$ 19.28																																							$ 6.58
Vested (in dollars per share)																				$ 11.54																																						$ 21.32
Canceled (in dollars per share)																				$ 14.75																																						$ 8.05
Non-vested, at end of period (in dollars per share)																				$ 15.90																																						$ 7.77
Fair value of shares (in dollars per unit)																				$ 24.55											$ 24.01	$ 24.25				$ 36.22	$ 41.54
Fair value of granted performance-based shares (in dollars per share)																																								$ 18.58	$ 11.97	$ 9.35													$ 26.08	$ 15.41	$ 15.12
Award common share equivalent (in shares)																				1																																														1
Percentages of share based payment award percent vesting each year from date of grant (in hundredths)													25.00%							25.00%
Percentage of grants with performance vesting (in hundredths)																																																															80.00%
Percentage of grants with market-based vesting (in hundredths)																																																															20.00%
Percentage of employees target award (in hundredths)																																																																50.00%	200.00%
Performance awards, performance period																																																															3 years
Performance-based award granted (in shares/units)																																	2,000	146,000	35,000											690,000			133,000			191,000
Performance-based award earned (in shares/units)																																	5,000	91,000	11,000											1,175,000			95,000			67,000
Equity based compensation expenses																																											0	1,707,000	200,000	3,603,000	5,442,000	1,409,000	849,000	440,000	0	1,006,000	0	0
Deferred stock units outstanding (in shares)																																																																		100,000
Liability related to awards	$ 73,918,000	$ 70,664,000																																																																$ 3,000,000	$ 2,200,000

Accumulated Other Comprehensive Loss (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ (35,496)	$ (31,281)
Changes before reclassifications	4,490	(5,871)
Amounts reclassified from accumulated other comprehensive loss	3,587	(30)
Tax effect	(3,961)	1,686
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	4,116	(4,215)
Balance	(31,380)	(35,496)	(31,281)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning Balance	7,140	5,911
Net income	1,324	793	942
Other comprehensive (income) loss	(730)	339
Change in non-controlling interest	98	97	2,312
Ending Balance	7,832	7,140	5,911
Unrealized gain on marketable securities [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	474	3,017
Changes before reclassifications	1,308	651
Amounts reclassified from accumulated other comprehensive loss	(300)	(3,170)
Tax effect	(384)	(24)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	624	(2,543)
Balance	1,098	474
Translation adjustment [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	4,779	4,029
Changes before reclassifications	(2,324)	750
Amounts reclassified from accumulated other comprehensive loss	0	0
Tax effect	0	0
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(2,324)	750
Balance	2,455	4,779
Change in fair value of cash flow hedge [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	231	0
Changes before reclassifications	(780)	373
Amounts reclassified from accumulated other comprehensive loss	321	0
Tax effect	175	(142)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(284)	231
Balance	(53)	231
Net pension amortization and net actuarial loss [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(40,980)	(38,327)
Changes before reclassifications	6,286	(7,645)
Amounts reclassified from accumulated other comprehensive loss	3,566	3,140
Tax effect	(3,752)	1,852
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	6,100	(2,653)
Balance	$ (34,880)	$ (40,980)

Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Apr. 26, 2014	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012	Jan. 25, 2014 Store	Oct. 26, 2013 Store	Oct. 27, 2012 Store
Segment Reporting Information [Line Items]
Number of stores					2	3	9
Restructuring charges	$ 4,800	$ 8,071	$ 2,600
Percentage of sales (in hundredths)		100.00%	100.00%	100.00%
Operating Segment [Member] \| Upholstery Segment [Member]
Segment Reporting Information [Line Items]
Number of operating units		2
Percentage of sales (in hundredths)		3.00%
Operating Segment [Member] \| Casegoods Segment [Member]
Segment Reporting Information [Line Items]
Number of operating units		3
Percentage of sales (in hundredths)		5.00%
Operating Segment [Member] \| Retail Segment [Member]
Segment Reporting Information [Line Items]
Number of stores	101	101
Number of primary markets	12	12			2	3

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References+ Details

Segment Information, Information by Segment (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
Segment Reporting Information [Line Items]
Sales	$ 1,357,318	$ 1,273,877	$ 1,166,705
Operating Income (Loss)	89,296	67,603	48,697
Depreciation and Amortization	23,035	22,963	23,309
Capital expenditures	33,730	25,384	15,518
Assets	771,295	720,371	685,739
Long-Lived Assets by Geographic Location	154,343	141,376	123,324
Percentage of sales (in hundredths)	100.00%	100.00%	100.00%
United States/Domestic [Member]
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Location	147,538	133,208	114,979
Percentage of sales (in hundredths)	86.00%	86.00%	86.00%
International [Member]
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Location	6,805	8,168	8,345
Canada [Member]
Segment Reporting Information [Line Items]
Percentage of sales (in hundredths)	8.00%	9.00%	9.00%
Other [Member]
Segment Reporting Information [Line Items]
Percentage of sales (in hundredths)	6.00%	5.00%	5.00%
Upholstery Segment [Member]
Segment Reporting Information [Line Items]
Sales	959,118	902,454	834,468
Casegoods Segment [Member]
Segment Reporting Information [Line Items]
Sales	97,095	104,387	105,551
Operating Segment [Member] \| Upholstery Segment [Member]
Segment Reporting Information [Line Items]
Sales	1,099,050	1,029,765	938,060
Operating Income (Loss)	117,688	95,571	81,015
Depreciation and Amortization	13,778	14,275	12,519
Capital expenditures	6,579	9,857	7,261
Assets	305,814	296,108	303,537
Percentage of sales (in hundredths)	3.00%
Operating Segment [Member] \| Casegoods Segment [Member]
Segment Reporting Information [Line Items]
Sales	106,752	112,527	111,657
Operating Income (Loss)	3,397	3,703	5,396
Depreciation and Amortization	1,171	1,338	1,575
Capital expenditures	149	1,058	897
Assets	53,299	70,147	73,888
Percentage of sales (in hundredths)	5.00%
Operating Segment [Member] \| Retail Segment [Member]
Segment Reporting Information [Line Items]
Sales	298,642	264,723	215,490
Operating Income (Loss)	11,128	4,099	(7,819)
Depreciation and Amortization	2,520	2,676	2,832
Capital expenditures	4,379	4,251	1,848
Assets	119,816	73,496	49,818
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales	(149,589)	(135,451)	(109,698)
Intersegment Eliminations [Member] \| Upholstery Segment [Member]
Segment Reporting Information [Line Items]
Sales	139,932	127,311	103,592
Intersegment Eliminations [Member] \| Casegoods Segment [Member]
Segment Reporting Information [Line Items]
Sales	9,657	8,140	6,106
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Sales	2,463	2,313	2,356
Operating Income (Loss)	(38,078)	(33,139)	(30,573)
Depreciation and Amortization	5,566	4,674	6,234
Capital expenditures	22,623	10,218	4,969
VIEs, Net of Intercompany Sales Eliminations [Member]
Segment Reporting Information [Line Items]
Sales	0	0	8,840
Operating Income (Loss)	0	0	959
Depreciation and Amortization	0	0	149
Capital expenditures	0	0	543
Unallocated Assets [Member]
Segment Reporting Information [Line Items]
Assets	292,366	280,620	258,496
Restructuring [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	$ (4,839)	$ (2,631)	$ (281)

Income Taxes (Details) (USD $)	12 Months Ended
Income Taxes (Details) (USD $)	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
Income before income taxes [Abstract]
United States	$ 82,705,000	$ 63,193,000	$ 52,631,000
Foreign	8,854,000	7,492,000	6,319,000
Income from continuing operations before income taxes	91,559,000	70,685,000	58,950,000
Federal: [Abstract]
- current	24,695,000	17,049,000	11,830,000
- deferred	1,495,000	1,341,000	(38,597,000)
State: [Abstract]
- current	5,345,000	2,746,000	3,446,000
- deferred	(2,082,000)	464,000	(1,864,000)
Foreign: [Abstract]
- current	1,375,000	739,000	2,040,000
- deferred	555,000	1,181,000	(1,907,000)
Total income tax expense (benefit)	31,383,000	23,520,000	(25,052,000)
Effective income tax rate reconciliation [Abstract]
Statutory tax rate (in hundredths)	35.00%	35.00%	35.00%
Increase (reduction) in income taxes resulting from [Abstract]
State income taxes, net of federal benefit (in hundredths)	3.10%	3.00%	5.00%
U.S. manufacturing benefit (in hundredths)	(1.00%)	(2.00%)	(2.30%)
Change in valuation allowance (in hundredths)	(1.20%)	(0.30%)	(78.30%)
Gain on sale of marketable securities (in hundredths)	0.00%	(1.60%)	0.00%
Miscellaneous items (in hundredths)	(1.60%)	(0.80%)	(1.90%)
Effective tax rate (in hundredths)	34.30%	33.30%	(42.50%)
Undistributed earnings, reinvested	8,500,000
Potential deferred tax attributable to undistributed earnings	2,100,000
Assets [Abstract]
Deferred and other compensation	19,774,000	19,510,000
Allowance for doubtful accounts	5,456,000	9,567,000
State income tax - net operating losses, credits and other	6,440,000	6,542,000
Pension	2,097,000	4,632,000
Warranty	6,247,000	5,937,000
Rent	4,824,000	4,697,000
Workers' compensation	4,068,000	3,804,000
Foreign net operating loss	0	759,000
Other	6,598,000	5,128,000
Valuation allowance	(4,700,000)	(6,619,000)
Total deferred tax assets	50,804,000	53,957,000
Liabilities [Abstract]
Property, plant and equipment	(3,337,000)	(2,745,000)
Net deferred tax assets	47,467,000	51,212,000
Operating Loss Carryforwards [Line Items]
Valuation allowances			46,200,000
Estimated future taxable income necessary to fully recover net deferred tax assets	122,000,000
Valuation Allowance [Line Items]
Valuation allowance	6,619,000
Valuation allowance change	(1,919,000)
Valuation allowance	4,700,000	6,619,000
Unrecognized tax benefits [Roll Forward]
Balance at the beginning of the period	3,248,000	3,909,000	4,492,000
Additions [Abstract]
Positions taken during the current year	88,000	338,000	147,000
Positions taken during the prior year	0	0	0
Reductions [Abstract]
Positions taken during the current year	0	0	0
Positions taken during the prior year	(99,000)	(28,000)	(202,000)
Decreases related to settlements with taxing authorities	98,000	0	(166,000)
Reductions resulting from the lapse of the statute of limitations	(167,000)	(971,000)	(362,000)
Balance at the end of the period	2,972,000	3,248,000	3,909,000
Decrease in accrued interest and penalties	100,000
Accrued interest and penalties	300,000	400,000
Recognition of unrecognized tax benefit to decrease effective tax rate	600,000
Cash paid for taxes	25,000,000	20,500,000	15,200,000
U.S. State [Member]
Assets [Abstract]
Valuation allowance	(4,680,000)
Operating Loss Carryforwards [Line Items]
Various U.S. state net operating losses (excluding federal tax effect)	9,215,000
Expiration	Fiscal 2015 – 2033
Valuation Allowance [Line Items]
Valuation allowance	6,464,000
Valuation allowance change	(1,784,000)
Valuation allowance	4,680,000
Foreign [Member]
Assets [Abstract]
Valuation allowance	(20,000)
Operating Loss Carryforwards [Line Items]
Foreign capital losses	20,000
Expiration	Indefinite
Valuation Allowance [Line Items]
Valuation allowance	155,000
Valuation allowance change	(135,000)
Valuation allowance	$ 20,000

Earnings per Share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Apr. 26, 2014	Apr. 27, 2013	Apr. 28, 2012
Numerator (basic and diluted) [Abstract]
Net income attributable to La-Z-Boy Incorporated	$ 55,056	$ 46,389	$ 87,966
Income allocated to participating securities	(422)	(639)	(1,650)
Net income available to common shareholders	$ 54,634	$ 45,750	$ 86,316
Denominator [Abstract]
Basic weighted average common shares outstanding (in shares)	52,386,000	52,351,000	51,944,000
Add [Abstract]
Contingent common shares	1,049,000	812,000	0
Stock option dilution (in shares)	394,000	522,000	534,000
Diluted weighted average common shares outstanding (in shares)	53,829,000	53,685,000	52,478,000
Outstanding options to purchase shares (in shares)		200,000	400,000
Weighted average exercise price (in dollars per share)		$ 20.74	$ 19.97

Fair Value Measurements (Details) (Recurring Basis [Member], USD $)
In Thousands, unless otherwise specified

Apr. 26, 2014

Apr. 27, 2013

Level 1 [Member]

Assets [Abstract]

Available-for-sale securities

$ 1,521

^[1]

$ 1,217

^[2]

Trading securities

^[1]

^[2]

Total

1,521

^[1]

1,217

^[2]

Level 2 [Member]

Assets [Abstract]

Available-for-sale securities

57,630

^[1]

38,747

^[2]

Trading securities

1,787

^[1]

1,126

^[2]

Total

59,417

^[1]

39,873

^[2]

Level 3 [Member]

Assets [Abstract]

Available-for-sale securities

Trading securities

Total

$ 0

[1]	There were no transfers between Level 1 and Level 2 during fiscal 2014.
[2]	There were no transfers between Level 1 and Level 2 during fiscal 2013.

Income from Continued Dumping and Subsidy Offset Act (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Apr. 28, 2012	Apr. 28, 2012
Income from Continued Dumping and Subsidy Offset Act [Abstract]
Income from Continued Dumping and Subsidy Offset Act, net		$ 11.1
Income from Discontinued Dumping and Subsidy Offset Act, net		6.9
Previously withheld distributions received from continued operations	10.0
Previously withheld distributions received from discontinued operations	$ 6.3

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) (USD $)
In Thousands, unless otherwise specified

12 Months Ended

Apr. 26, 2014

Apr. 27, 2013

Apr. 28, 2012

Movement in Valuation Allowances and Reserves [Roll Forward]

Deductions

$ (46,200)

Allowance for Doubtful Accounts, Deducted from Accounts Receivable [Member]

Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at Beginning of Year

21,607

22,254

23,435

Charged to Cost and Expenses

(2,926)

495

3,508

Charged to Other Accounts

Deductions

(6,313)

^[1]

(1,142)

^[1]

(4,689)

^[1]

Balance at End of Year

12,368

21,607

22,254

Allowance for Deferred Tax Assets [Member]

Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at Beginning of Year

6,619

8,258

52,613

Charged to Cost and Expenses

(135)

131

160

Charged to Other Accounts

(1,572)

^[2]

1,687

^[2]

Deductions

(1,784)

^[3]

(198)

^[3]

(46,202)

^[4]

Balance at End of Year

$ 4,700

$ 6,619

$ 8,258

[1]	Deductions represented uncollectible accounts written off less recoveries of accounts receivable written off in prior years.
[2]	Represents impact of adjusting gross deferred tax assets.
[3]	Valuation allowance release.
[4]	Represents utilization of loss carryovers.