Document and Entity Information	3 Months Ended
Document and Entity Information	Jul. 25, 2015	Aug. 11, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	LA-Z-BOY INC
Entity Central Index Key	0000057131
Current Fiscal Year End Date	--04-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		50,562,089
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 25, 2015

CONSOLIDATED STATEMENT OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Jul. 25, 2015	Jul. 26, 2014
Income Statement
Sales	$ 341,423	$ 326,980
Cost of sales	217,191	215,474
Gross profit	124,232	111,506
Selling, general and administrative expense	104,266	95,015
Operating income	19,966	16,491
Interest expense	112	132
Interest income	205	202
Other income (expense), net	1,968	(258)
Income from continuing operations before income taxes	22,027	16,303
Income tax expense	7,904	5,755
Income from continuing operations	14,123	10,548
Income from discontinued operations, net of tax		2,497
Net income	14,123	13,045
Net (income) loss attributable to noncontrolling interests	(447)	36
Net income attributable to La-Z-Boy Incorporated	13,676	13,081
Net income attributable to La-Z-Boy Incorporated:
Income from continuing operations attributable to La-Z-Boy Incorporated	13,676	10,584
Income from discontinued operations		2,497
Net income attributable to La-Z-Boy Incorporated	$ 13,676	$ 13,081
Basic weighted average common shares (in shares)	50,583	52,191
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)	$ 0.27	$ 0.20
Income from discontinued operations (in dollars per share)		$ 0.05
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share)	$ 0.27	$ 0.25
Diluted weighted average common shares (in shares)	51,043	52,627
Diluted net income attributable to La-Z-Boy Incorporated per share:
Income from continuing operations attributable to La-Z-Boy Incorporated (in dollars per share)	$ 0.27	$ 0.20
Income from discontinued operations (in dollars per share)		$ 0.05
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share)	$ 0.27	$ 0.25
Dividends declared per share (in dollars per share)	$ 0.08	$ 0.06

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jul. 25, 2015	Jul. 26, 2014
Statement of Comprehensive Income
Net income	$ 14,123	$ 13,045
Other comprehensive income (loss)
Currency translation adjustment	(2,845)	528
Change in fair value of cash flow hedges, net of tax	(197)	105
Net unrealized gains (loss) on marketable securities, net of tax	(277)	211
Net pension amortization, net of tax	488	434
Total other comprehensive income (loss)	(2,831)	1,278
Total comprehensive income before allocation to noncontrolling interests	11,292	14,323
Comprehensive (income) loss attributable to noncontrolling interests	184	(77)
Comprehensive income attributable to La-Z-Boy Incorporated	$ 11,476	$ 14,246

CONSOLIDATED BALANCE SHEET (USD $) In Thousands, unless otherwise specified	Jul. 25, 2015	Apr. 25, 2015
Current assets
Cash and equivalents	$ 87,519	$ 98,302
Restricted cash	9,636	9,636
Receivables, net of allowance of $4,251 at 7/25/15 and $4,622 at 4/25/15	135,700	158,548
Inventories, net	178,948	156,789
Deferred income taxes - current	11,229	11,255
Other current assets	43,307	41,921
Total current assets	466,339	476,451
Property, plant and equipment, net	173,700	174,036
Goodwill	15,164	15,164
Other intangible assets	5,458	5,458
Deferred income taxes - long-term	34,942	35,072
Other long-term assets, net	65,994	68,423
Total assets	761,597	774,604
Current liabilities
Current portion of long-term debt	432	397
Accounts payable	48,189	46,168
Accrued expenses and other current liabilities	96,563	108,326
Total current liabilities	145,184	154,891
Long-term debt	662	433
Other long-term liabilities	83,167	86,180
Contingencies and commitments
Shareholders' equity
Preferred shares - 5,000 authorized; none issued
Common shares, $1 par value - 150,000 authorized; 50,562 outstanding at 7/25/15 and 50,747 outstanding at 4/25/15	50,562	50,747
Capital in excess of par value	273,185	270,032
Retained earnings	234,406	235,506
Accumulated other comprehensive loss	(34,339)	(32,139)
Total La-Z-Boy Incorporated shareholders' equity	523,814	524,146
Noncontrolling interests	8,770	8,954
Total equity	532,584	533,100
Total liabilities and equity	$ 761,597	$ 774,604

CONSOLIDATED BALANCE SHEET (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Jul. 25, 2015	Apr. 25, 2015
Current assets
Receivables, allowance (in dollars)	$ 4,251	$ 4,622
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)	50,562	50,747

CONSOLIDATED STATEMENT OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jul. 25, 2015	Jul. 26, 2014
Cash flows from operating activities
Net income	$ 14,123	$ 13,045
Adjustments to reconcile net income to cash provided by (used for) operating activities
Deferred income tax expense (benefit)	148	(1,342)
Provision for doubtful accounts	(340)	(618)
Depreciation and amortization	6,271	5,379
Equity-based compensation expense	3,012	3,010
Change in receivables	24,610	12,441
Change in inventories	(22,159)	(15,874)
Change in other assets	(6,933)	2,985
Change in payables	2,021	(255)
Change in other liabilities	(19,223)	(19,993)
Net cash provided by (used for) operating activities	1,530	(1,222)
Cash flows from investing activities
Proceeds from disposal of assets	279	1,348
Capital expenditures	(6,506)	(19,406)
Purchases of investments	(5,422)	(15,941)
Proceeds from sales of investments	12,983	10,422
Change in restricted cash		7,289
Net cash provided by (used for) investing activities	1,334	(16,288)
Cash flows from financing activities
Payments on debt	(122)	(7,212)
Stock issued for stock and employee benefit plans	145	131
Excess tax benefit on stock option exercises	363	249
Purchases of common stock	(9,171)	(6,062)
Dividends paid	(4,055)	(3,119)
Net cash used for financing activities	(12,840)	(16,013)
Effect of exchange rate changes on cash and equivalents	(807)	171
Change in cash and equivalents	(10,783)	(33,352)
Cash and equivalents at beginning of period	98,302	149,661
Cash and equivalents at end of period	87,519	116,309
Supplemental disclosure of non-cash investing activities
Capital expenditures included in payables	$ 500	$ 8,024

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $) In Thousands, unless otherwise specified	Common Shares	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Loss.	Non-Controlling Interests	Total
Balance at Apr. 26, 2014	$ 51,981	$ 262,901	$ 238,384	$ (31,380)	$ 7,832	$ 529,718
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			70,773		1,198	71,971
Other comprehensive loss				(759)	(76)	(835)
Stock issued for stock and employee benefit plans, net of cancellations and withholding tax	898	26	(10,684)			(9,760)
Purchases of common stock	(2,132)	(1,267)	(48,454)			(51,853)
Stock option and restricted stock expense		6,780				6,780
Tax benefit from exercise of options		1,592				1,592
Dividends paid			(14,513)			(14,513)
Balance at Apr. 25, 2015	50,747	270,032	235,506	(32,139)	8,954	533,100
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			13,676		447	14,123
Other comprehensive loss				(2,200)	(631)	(2,831)
Stock issued for stock and employee benefit plans, net of cancellations and withholding tax	157	(90)	(2,024)			(1,957)
Purchases of common stock	(342)	(132)	(8,697)			(9,171)
Stock option and restricted stock expense		3,012				3,012
Tax benefit from exercise of options		363				363
Dividends paid			(4,055)			(4,055)
Balance at Jul. 25, 2015	$ 50,562	$ 273,185	$ 234,406	$ (34,339)	$ 8,770	$ 532,584

Basis of Presentation	3 Months Ended
Basis of Presentation	Jul. 25, 2015
Basis of Presentation.
Basis of Presentation	Note 1: Basis of Presentation The accompanying consolidated financial statements include the consolidated accounts of La-Z-Boy Incorporated and our majority-owned subsidiaries. We derived the April 25, 2015, balance sheet from our audited financial statements. We prepared the interim financial information in conformity with generally accepted accounting principles, which we applied on a basis consistent with those reflected in our fiscal 2015 Annual Report on Form 10-K filed with the Securities and Exchange Commission, but the information does not include all of the disclosures required by generally accepted accounting principles. In management’s opinion, the interim financial information includes all adjustments and accruals, consisting only of normal recurring adjustments (except as otherwise disclosed), that are necessary for a fair presentation of results for the respective interim periods. The interim results reflected in the accompanying financial statements are not necessarily indicative of the results of operations which will occur for the full fiscal year ending April 30, 2016. Fiscal 2016 is a 53-week year as compared with fiscal 2015, which was 52 weeks, with the additional week occurring in the fourth quarter of fiscal 2016. During the first quarter of fiscal 2016 we recorded a benefit related to legal settlements as part of cost of sales. Gross margin improved 0.5 percentage points in the first quarter of fiscal 2016 due to the legal settlements. The settlement funds were paid to our attorneys for our benefit during the first quarter of fiscal 2016, and we expect to receive them in the second quarter.

Restructuring	3 Months Ended
Restructuring	Jul. 25, 2015
Restructuring
Restructuring	Note 2: Restructuring During fiscal 2014, we committed to a restructuring of our casegoods business to transition to an all-import model for our wood furniture. We ceased casegoods manufacturing operations at our Hudson, North Carolina facility during the second quarter of fiscal 2015. As a result of this restructuring, we transitioned our remaining Kincaid and American Drew bedroom product lines to imported product and exited the hospitality business as we manufactured those products in our Hudson facility. We also transitioned our warehouse and repair functions from two North Wilkesboro, North Carolina facilities to our Hudson plant. In addition, we sold both of the North Wilkesboro facilities and most of the wood-working equipment from our Hudson plant and completed the consolidation of our casegoods showroom during fiscal 2015. We have recorded pre-tax restructuring charges of $7.9 million ($5.0 million after tax) since the inception of this restructuring plan, with $4.7 million pre-tax ($2.9 million after tax) related to continuing operations and $3.2 million pre-tax ($2.1 million after tax) related to discontinued operations. These charges relate to severance and benefit-related costs and various asset write-downs, including fixed assets, inventory and trade names. During the quarter ended July 25, 2015, we recorded pre-tax restructuring expense of $0.2 million ($0.1 million after tax) compared with pre-tax restructuring income of $0.4 million ($0.2 million after tax) recorded during the quarter ended July 26, 2014. The pre-tax restructuring expense we recorded in fiscal 2016 mainly resulted from rent for an idled showroom and severance and benefit related costs, while the pre-tax restructuring income we recorded in fiscal 2015 mainly related to inventory recoveries. We recorded the restructuring expense from continuing operations in fiscal 2016 as a component of selling, general and administrative expense and recorded the restructuring income from continuing operations in fiscal 2015 as a component of cost of sales. We included restructuring expenses related to discontinued operations in income/(loss) from discontinued operations in our consolidated statement of income. We had $0.5 million of restructuring liability remaining as of July 25, 2015, primarily related to severance, which we expect to be settled by the end of fiscal 2016.

Discontinued Operations

3 Months Ended

Jul. 25, 2015

Discontinued Operations

Discontinued Operations

Note 3: Discontinued Operations

During fiscal 2015, we ceased operations and liquidated all the assets, consisting mostly of inventory, of Lea Industries, a division of La-Z-Boy Casegoods, Inc. (formerly La-Z-Boy Greensboro, Inc.). We reported Lea Industries’ operating results as discontinued operations for the period ended July 26, 2014. Historically, we had reported the results of Lea Industries as a component of our Casegoods segment.

In the first quarter of fiscal 2015, we recorded $3.8 million of income in discontinued operations related to our previously owned subsidiary, American Furniture Company, Incorporated. We sold this subsidiary in fiscal 2007 and reported it as discontinued operations at that time. The income we recorded related to the Continued Dumping and Subsidy Offset Act of 2000, which provides for distribution of duties, collected by U.S. Customs and Border Protection from antidumping cases, to domestic producers that supported the antidumping petition related to wooden bedroom furniture imported from China. When we sold American Furniture Company, Incorporated, our contract provided that we would receive a portion of any such duties to which that entity was entitled.

The results of our discontinued operations for the three months ended July 26, 2014, were as follows:

	Quarter Ended
(Unaudited, amounts in thousands)	7/26/14
Net sales	$	3,487

Operating income from discontinued operations	$	102
Income from Continued Dumping and Subsidy Offset Act, net	3,763
Income tax expense	(1,368		)

Income from discontinued operations, net of tax	$	2,497

The activity of these operating units was included in our consolidated statement of cash flows with our continuing operations for the three months ended July 26, 2014.

Inventories

3 Months Ended

Jul. 25, 2015

Inventories

Inventories

Note 4: Inventories

A summary of inventories is as follows:

(Unaudited, amounts in thousands)	7/25/15			4/25/15
Raw materials	$	99,605		$	75,024
Work in process	13,739			14,310
Finished goods	90,562			92,295

FIFO inventories	203,906			181,629
Excess of FIFO over LIFO	(24,958		)	(24,840		)

Inventories, net	$	178,948		$	156,789

Our raw material inventory was higher in the first quarter of fiscal 2016 due to the seasonality of our business.

Investments

3 Months Ended

Jul. 25, 2015

Investments

Investments

Note 5: Investments

Our consolidated balance sheet at July 25, 2015, included $11.7 million of available-for-sale investments in other current assets and $39.4 million of available-for-sale investments in other long-term assets. We included available-for-sale investments of $16.8 million and trading securities of $1.1 million in other current assets and included available-for-sale investments of $43.3 million in other long-term assets in our consolidated balance sheet at April 25, 2015. At July 25, 2015, and April 25, 2015, $37.0 million and $45.5 million, respectively, of these investments were to enhance returns on our cash. We designated the remaining investments to fund future obligations of our non-qualified defined benefit retirement plan, our executive deferred compensation plan, and our performance compensation retirement plan.

The following is a summary of investments at July 25, 2015, and April 25, 2015:

At July 25, 2015

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,737	$	(113	)	$	8,367
Fixed income	126		(52		)	42,460
Mutual funds	—		—			7
Other	1		(20		)	304

Total securities	$	1,864	$	(185	)	$	51,138

At April 25, 2015

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	2,014	$	(78	)	$	9,251
Fixed income	224		(14		)	50,358
Mutual funds	—		—			1,127
Other	1		(22		)	459

Total securities	$	2,239	$	(114	)	$	61,195

The following table summarizes sales of available-for-sale securities:

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Proceeds from sales	$	12,983		$	10,422
Gross realized gains	677			14
Gross realized losses	(506		)	(8		)

The fair value of fixed income available-for-sale securities by contractual maturity was $12.1 million within one year, $28.7 million within two to five years, $1.5 million within six to ten years and $0.2 million thereafter.

Pension Plans

3 Months Ended

Jul. 25, 2015

Pension Plans

Pension Plans

Note 6: Pension Plans

Net periodic pension costs were as follows:


	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Service cost	$	333		$	279
Interest cost	1,211			1,267
Expected return on plan assets	(1,226		)	(1,269		)
Net amortization	736			665

Net periodic pension cost	$	1,054		$	942

Product Warranties

3 Months Ended

Jul. 25, 2015

Product Warranties

Product Warranties

Note 7: Product Warranties

We accrue an estimated liability for product warranties when we recognize revenue on the sale of warranted products. We estimate future warranty claims based on claims experience and any additional anticipated future costs on previously sold products. We incorporate repair costs into our liability estimates, including materials, labor and overhead amounts necessary to perform repairs and any costs associated with delivering repaired product to our customers. 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 provide a limited lifetime warranty on certain mechanisms and frames. Our warranties cover labor costs relating to our parts for one year. Our warranty period begins when the consumer receives our product. We use considerable judgment in making our estimates, and we record differences between our actual and estimated costs when the differences are known.

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

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Balance as of the beginning of the period	$	16,870		$	16,013
Accruals during the period	5,111			4,223
Accrual adjustments	—			(953		)
Settlements during the period	(4,751		)	(4,027		)

Balance as of the end of the period	$	17,230		$	15,256

As of July 25, 2015, and April 25, 2015, we included $10.3 million and $10.2 million, respectively, of our product warranty liability in accrued expenses and other current liabilities in our consolidated balance sheet, and included the remainder in other long-term liabilities. We recorded accruals during the periods presented primarily to reflect charges that relate to warranties issued during the respective periods. Our accrual adjustments reflect a change in the prior estimates of our product warranty liability.

Stock-Based Compensation

3 Months Ended

Jul. 25, 2015

Stock-Based Compensation

Stock-Based Compensation

Note 8: Stock-Based Compensation

The table below summarizes the total stock-based compensation expense we recognized for all outstanding grants in our consolidated statement of income:

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Equity-based awards expense	$	3,012		$	3,010
Liability-based awards income	(439		)	(448		)

Total stock-based compensation expense	$	2,573		$	2,562

Stock Options. We granted 429,754 stock options to employees during the first quarter of fiscal 2016, and we also have stock options outstanding from previous grants. We account for stock options as equity-based awards because when they are exercised, they will be settled in common shares. We recognize compensation expense for stock options over the vesting period equal to the fair value on the date our compensation committee approved the awards. The vesting period for our stock options ranges from one to four years, with accelerated vesting upon retirement. We expense options granted to retirement-eligible employees immediately. We estimate the fair value of the employee stock options at the date of grant using the Black-Scholes option-pricing model, which requires management to make certain assumptions. We estimate expected volatility based on the historical volatility of our common shares. We base the average expected life on the contractual term of the stock option and expected employee exercise trends. We base the risk-free rate on U.S. Treasury issues with a term equal to the expected life assumed at the date of the grant.

We calculated the fair value of stock options granted during the first quarter of fiscal 2016 using the following assumptions:

(Unaudited)	7/25/15
Risk-free interest rate	1.54		%
Dividend rate	1.20		%
Expected life in years	5.0
Stock price volatility	44.37		%
Fair value per share	$	9.69

Stock Appreciation Rights. We did not grant any SARs to employees during the first quarter of fiscal 2016, but we have SARs outstanding from previous grants. SARs will be paid in cash upon exercise and, accordingly, we account for SARs as liability-based awards that we re-measure to reflect their 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, with accelerated vesting upon retirement. We expense SARs granted to retirement-eligible employees immediately. We estimate the fair value of SARs at the end of each period using the Black-Scholes option-pricing model, which requires management to make certain assumptions. We base the average expected life on the contractual term of the SARs and expected employee exercise trends (which is consistent with the expected life of our option awards). We base the risk-free rate on U.S. Treasury issues with a term equal to the expected life assumed at the end of the reporting period.

In fiscal 2014 and fiscal 2013, we granted SARs as described in our Annual Reports on Form 10-K for the fiscal years ended April 26, 2014, and April 27, 2013, respectively. At July 25, 2015, we measured the fair value of the SARs granted during these fiscal years using the following assumptions:

(Unaudited)	Fiscal 2014 grant			Fiscal 2013 grant
Risk-free interest rate	1.07		%	0.69		%
Dividend rate	1.28		%	1.28		%
Expected life in years	2.90			1.98
Stock price volatility	31.07		%	28.82		%
Fair value per share	$	7.76		$	12.65

Restricted Stock. We awarded 89,563 shares of restricted stock to employees during the first quarter of fiscal 2016. We issue restricted stock at no cost to the employees, and the shares are held in an escrow account until the vesting period ends. If a recipient’s employment ends during the escrow period (other than through death or disability), the shares are returned at no cost to the company. We account for restricted stock awards as equity-based awards because upon vesting, they will be settled in common shares. The fair value of the restricted stock that was awarded in the first quarter of fiscal 2016 was $26.69 per share, the market value of our common shares on the date of grant. We recognize compensation expense for restricted stock over the vesting period equal to the fair value on the date our compensation committee approved the awards. Restricted stock awards vest at 25% per year, beginning one year from the grant date for a term of four years.

Restricted Stock Units. We did not grant any restricted stock units to employees during the first quarter of fiscal 2016, but we have restricted stock units outstanding from previous grants. We account for these units as liability-based awards because upon vesting, these awards will be paid in cash. We measure and recognize initial compensation expense based on the market value (intrinsic value) of our common stock on the grant date and amortize the expense over the vesting period. We re-measure and adjust the liability 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 each outstanding restricted stock unit at July 25, 2015, was $24.98, the market value of our common shares on the last day of the reporting period. 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.

Performance Awards. During the first quarter of fiscal 2016, we granted 182,008 performance-based shares, and we also have performance-based share awards outstanding from previous grants. Payout of these grants depends on our financial performance (80%) and a market-based condition based on the total return 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.

We account for performance-based shares as equity-based awards because upon vesting, they will be settled in common shares. For shares that vest based on our results relative to the performance goals, we expense as compensation cost the fair value of the shares as of the day we granted the awards recognized over the performance period, taking into account the probability that we will satisfy the performance goals. The fair value of each share of the awards we granted in fiscal 2016 that vest based on attaining performance goals was $25.73, the market value of our common shares on the date we granted the awards less the dividends we expect to pay before the shares vest. For shares that vest based on market conditions, we use a Monte Carlo valuation model to estimate each share’s fair value as of the date of grant, and, similar to the way in which we expense awards of stock options, we expense compensation cost over the vesting period regardless of the value that award recipients ultimately receive. Based on the Monte Carlo model, the fair value as of the grant date of the fiscal 2016 grant of shares that vest based on market conditions was $34.40.

We did not grant any performance-based units during the first quarter of fiscal 2016, but we have outstanding performance-based unit awards from our fiscal 2014 grant. We account for performance-based units as liability-based awards because upon vesting, they will be paid in cash. For units that vest based on our results relative to performance goals, we expense as compensation cost over the performance period the fair value of each unit, taking into account the probability that the performance goals will be attained. The fair value of each unit we granted in fiscal 2014 that vest based on attaining performance goals was $24.66, the market value of our common shares on the last day of the reporting period less the dividends we expect to pay before the awards vest. For performance-based units that vest based on market conditions, we use a Monte Carlo valuation model to estimate each unit’s fair value as of the last day of the reporting period. We re-measure and adjust the liability for these units based on the Monte Carlo valuation at the end of each reporting period until we pay out the units. Based on the Monte Carlo model, the fair value at July 25, 2015, of the fiscal 2014 grant of units that vest based on market conditions was $36.09.

Accumulated Other Comprehensive Loss

3 Months Ended

Jul. 25, 2015

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Note 9: Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive loss for the quarter ended July 25, 2015, and July 26, 2014, is as follows:

(Unaudited, amounts in thousands)	Translation adjustment			Change in fair value of cash flow hedge			Unrealized gain on marketable securities			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at April 25, 2015	$	1,517		$	(560	)	$	1,605		$	(34,701	)	$	(32,139	)
Changes before reclassifications	(2,214		)	(786		)	(276		)	—			(3,276		)
Amounts reclassified to net income	—			467			(171		)	789			1,085
Tax effect	—			122			170			(301		)	(9		)

Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(2,214		)	(197		)	(277		)	488			(2,200		)

Balance at July 25, 2015	$	(697	)	$	(757	)	$	1,328		$	(34,213	)	$	(34,339	)

(Unaudited, amounts in thousands)	Translation adjustment		Change in fair value of cash flow hedge			Unrealized gain on marketable securities			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at April 26, 2014	$	2,455	$	(53	)	$	1,098		$	(34,880	)	$	(31,380	)
Changes before reclassifications	415		152			347			—			914
Amounts reclassified to net income	—		18			(6		)	701			713
Tax effect	—		(65		)	(130		)	(267		)	(462		)

Other comprehensive income attributable to La-Z-Boy Incorporated	415		105			211			434			1,165

Balance at July 26, 2014	$	2,870	$	52		$	1,309		$	(34,446	)	$	(30,215	)

We reclassified the unrealized gain on marketable securities from accumulated other comprehensive loss to net income through other income in our consolidated statement of income, reclassified the change in fair value of cash flow hedges to net income through cost of sales, and reclassified the net pension amortization to net income through selling, general and administrative expense.

The components of non-controlling interest for the three months ended July 25, 2015, and July 26, 2014, were as follows:

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Balance as of the beginning of the period	$	8,954		$	7,832
Net income (loss)	447			(36		)
Other comprehensive income (loss)	(631		)	113

Balance as of the end of the period	$	8,770		$	7,909

Segment Information

3 Months Ended

Jul. 25, 2015

Segment Information

Segment Information

Note 10: Segment Information

Our reportable operating segments are the Upholstery segment, the Casegoods segment and the Retail segment.

Upholstery Segment. The Upholstery segment mainly consists of two operating units: La-Z-Boy and England. This segment manufactures and 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 Studio® and England Custom Comfort Center locations, major dealers and a wide cross-section of other independent retailers.

Casegoods Segment. The Casegoods segment consists of three brands: American Drew, Hammary, and Kincaid. This segment sells imported wood furniture to furniture retailers. Casegoods product includes bedroom, dining room, entertainment centers, occasional pieces and some manufactured coordinated upholstered furniture. The Casegoods segment sells directly to major dealers, as well as La-Z-Boy Furniture Galleries® stores, and a wide cross-section of other independent retailers.

Retail Segment. The Retail segment consists of 111 company-owned La-Z-Boy Furniture Galleries® stores. The Retail segment sells upholstered furniture, and some casegoods and other accessories, to end consumers through the retail network.

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Sales
Upholstery segment:
Sales to external customers	$	232,484		$	227,156
Intersegment sales	40,192			35,703

Upholstery segment sales	272,676			262,859


Casegoods segment:
Sales to external customers	21,202			25,953
Intersegment sales	2,191			2,970

Casegoods segment sales	23,393			28,923


Retail segment sales	86,651			72,905

Corporate and Other:
Sales to external customers	1,086			966
Intersegment sales	516			—

Corporate and Other sales	1,602			966


Eliminations	(42,899		)	(38,673		)

Consolidated sales	$	341,423		$	326,980


Operating Income (Loss)
Upholstery segment	$	24,594		$	22,017
Casegoods segment	1,690			1,525
Retail segment	4,729			315
Restructuring	(165		)	357
Corporate and Other	(10,882		)	(7,723		)

Consolidated operating income		19,966			16,491
Interest expense	112			132
Interest income	205			202
Other income (expense), net	1,968			(258		)

Income from continuing operations before income taxes	$	22,027		$	16,303

Income Taxes	3 Months Ended
Income Taxes	Jul. 25, 2015
Income Taxes
Income Taxes	Note 11: Income Taxes Our effective tax rate for continuing operations for the first quarter of fiscal 2016 was 35.9% compared with 35.3% for the first quarter of fiscal 2015. Our effective tax rate varies from the 35% statutory rate primarily due to state taxes, less the benefit of the U.S. manufacturing deduction and foreign earnings in jurisdictions with lower tax rates than the U.S. Our consolidated balance sheet at the end of the first quarter of fiscal 2016 reflected a $0.9 million net liability for uncertain income tax positions. We do not expect this net liability to change significantly in the next 12 months. We will either pay or release the liability for uncertain income tax positions as tax audits are completed or settled, statutes of limitation expire or other new information becomes available.

Earnings per Share

3 Months Ended

Jul. 25, 2015

Earnings per Share

Earnings per Share

Note 12: Earnings per Share

Certain share-based compensation 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, and we are required to include these participating securities in calculating our basic earnings per common share, using the two-class method.

The following is a reconciliation of the numerators and denominators we used in our computations of basic and diluted earnings per share:

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$	13,676		$	13,081
Income allocated to participating securities	(78		)	(81		)

Net income available to common shareholders	$	13,598		$	13,000


Denominator:
Basic weighted average common shares outstanding	50,583			52,191
Add:
Contingent common shares	119			116
Stock option dilution	341			320

Diluted weighted average common shares outstanding	51,043			52,627

The above values for contingent common shares reflect the dilutive effect of common shares that we would have issued to employees under the terms of performance-based share awards if the relevant performance period for the award had been the reporting period.

For the quarter ended July 25, 2015, we had outstanding options to purchase 0.4 million shares with a weighted average exercise price of $26.69. We excluded the effect of these options from our diluted share calculation since, for that period, 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. We did not exclude any outstanding options for the quarter ended July 26, 2014.

Fair Value Measurements

3 Months Ended

Jul. 25, 2015

Fair Value Measurements

Fair Value Measurements

Note 13: Fair Value Measurements

Accounting standards require that we put financial assets and liabilities into one of three categories based on the inputs we use to value them:

Level 1 — Financial assets and liabilities the values of which 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 the values of which are based on quoted prices in markets that are not active or on model inputs that are observable for substantially the full term of the asset or liability.

Level 3 — Financial assets and liabilities the values of which 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 we use observable market data in making fair value measurements when it is available. 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. We recognize transfers between levels of the fair value hierarchy at the end of the reporting period in which they occur.

In addition to assets and liabilities that we record at fair value on a recurring basis, we are required to record assets and liabilities at fair value on a non-recurring basis. We measure non-financial assets such as trade names, goodwill, and other long-lived assets at fair value when there is an indicator of impairment, and we record them at fair value only when we recognize an impairment loss.

The following table presents the fair value hierarchy for those assets we measured at fair value on a recurring basis at July 25, 2015, and April 25, 2015:

At July 25, 2015

	Fair Value Measurements
(Unaudited, amounts in thousands)	Level 1(a)		Level 2(a)		Level 3
Assets
Available-for-sale securities	$	1,239	$	49,892	$	—
Trading securities	—		7		—

Total	$	1,239	$	49,899	$	—

(a)

There were no transfers between Level 1 and Level 2 during fiscal 2016.

At April 25, 2015

	Fair Value Measurements
(Unaudited, amounts in thousands)	Level 1(b)		Level 2(b)		Level 3
Assets
Available-for-sale securities	$	1,552	$	58,516	$	—
Trading securities	—		1,127		—

Total	$	1,552	$	59,643	$	—

(b)

There were no transfers between Level 1 and Level 2 during fiscal 2015.

At July 25, 2015, and April 25, 2015, 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 and our performance compensation retirement plan. The fair value measurements for our securities are based on 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.

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	Jul. 25, 2015
Recent Accounting Pronouncements
Recent Accounting Pronouncements	Note 14: Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard that requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The new standard supersedes virtually all existing authoritative accounting guidance on revenue recognition and requires the use of more estimates and judgments than the present standards as well as additional disclosures. During July 2015, FASB deferred the effective date of the revenue recognition guidance by one year, thus making the new accounting standard effective for our fiscal year 2019. We are assessing the potential impact to our consolidated financial statements and financial statement disclosures. In May 2015, a new accounting standard was issued by the FASB that requires entities to remove investments valued at net asset value per share under the practical expedient from the fair value hierarchy. Disclosure information on those assets will be required to help users understand the nature and risks of those investments. The standard is effective for our fiscal year 2017 and will be applied retrospectively. This standard will have no effect on our consolidated financial statements, but we are currently assessing the impact that this guidance will have on our fair value footnote disclosures.

Discontinued Operations (Tables)

3 Months Ended

Jul. 25, 2015

Discontinued Operations

Results of discontinued operations


	Quarter Ended
(Unaudited, amounts in thousands)	7/26/14
Net sales	$	3,487

Operating income from discontinued operations	$	102
Income from Continued Dumping and Subsidy Offset Act, net	3,763
Income tax expense	(1,368		)

Income from discontinued operations, net of tax	$	2,497

Inventories (Tables)

3 Months Ended

Jul. 25, 2015

Inventories

Summary of inventories

(Unaudited, amounts in thousands)	7/25/15			4/25/15
Raw materials	$	99,605		$	75,024
Work in process	13,739			14,310
Finished goods	90,562			92,295

FIFO inventories	203,906			181,629
Excess of FIFO over LIFO	(24,958		)	(24,840		)

Inventories, net	$	178,948		$	156,789

Investments (Tables)

3 Months Ended

Jul. 25, 2015

Investments

Summary of investments

At July 25, 2015

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,737	$	(113	)	$	8,367
Fixed income	126		(52		)	42,460
Mutual funds	—		—			7
Other	1		(20		)	304

Total securities	$	1,864	$	(185	)	$	51,138

At April 25, 2015


(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	2,014	$	(78	)	$	9,251
Fixed income	224		(14		)	50,358
Mutual funds	—		—			1,127
Other	1		(22		)	459

Total securities	$	2,239	$	(114	)	$	61,195

Summary of sales of available-for-sale securities

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Proceeds from sales	$	12,983		$	10,422
Gross realized gains	677			14
Gross realized losses	(506		)	(8		)

Pension Plans (Tables)

3 Months Ended

Jul. 25, 2015

Pension Plans

Schedule of net periodic pension costs


	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Service cost	$	333		$	279
Interest cost	1,211			1,267
Expected return on plan assets	(1,226		)	(1,269		)
Net amortization	736			665

Net periodic pension cost	$	1,054		$	942

Product Warranties (Tables)

3 Months Ended

Jul. 25, 2015

Product Warranties

Reconciliation of changes in product warranty liability

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Balance as of the beginning of the period	$	16,870		$	16,013
Accruals during the period	5,111			4,223
Accrual adjustments	—			(953		)
Settlements during the period	(4,751		)	(4,027		)

Balance as of the end of the period	$	17,230		$	15,256

Stock-Based Compensation (Tables)

3 Months Ended

Jul. 25, 2015

Stock-Based Compensation

Summary of total stock-based compensation expense

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Equity-based awards expense	$	3,012		$	3,010
Liability-based awards income	(439		)	(448		)

Total stock-based compensation expense	$	2,573		$	2,562

Fair value assumptions for stock options

(Unaudited)	7/25/15
Risk-free interest rate	1.54		%
Dividend rate	1.20		%
Expected life in years	5.0
Stock price volatility	44.37		%
Fair value per share	$	9.69

Fair value assumptions for SARs

(Unaudited)	Fiscal 2014 grant			Fiscal 2013 grant
Risk-free interest rate	1.07		%	0.69		%
Dividend rate	1.28		%	1.28		%
Expected life in years	2.90			1.98
Stock price volatility	31.07		%	28.82		%
Fair value per share	$	7.76		$	12.65

Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Jul. 25, 2015

Accumulated Other Comprehensive Loss

Activity in accumulated other comprehensive loss

(Unaudited, amounts in thousands)	Translation adjustment			Change in fair value of cash flow hedge			Unrealized gain on marketable securities			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at April 25, 2015	$	1,517		$	(560	)	$	1,605		$	(34,701	)	$	(32,139	)
Changes before reclassifications	(2,214		)	(786		)	(276		)	—			(3,276		)
Amounts reclassified to net income	—			467			(171		)	789			1,085
Tax effect	—			122			170			(301		)	(9		)

Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(2,214		)	(197		)	(277		)	488			(2,200		)

Balance at July 25, 2015	$	(697	)	$	(757	)	$	1,328		$	(34,213	)	$	(34,339	)

(Unaudited, amounts in thousands)	Translation adjustment		Change in fair value of cash flow hedge			Unrealized gain on marketable securities			Net pension amortization and net actuarial loss			Accumulated other comprehensive loss
Balance at April 26, 2014	$	2,455	$	(53	)	$	1,098		$	(34,880	)	$	(31,380	)
Changes before reclassifications	415		152			347			—			914
Amounts reclassified to net income	—		18			(6		)	701			713
Tax effect	—		(65		)	(130		)	(267		)	(462		)

Other comprehensive income attributable to La-Z-Boy Incorporated	415		105			211			434			1,165

Balance at July 26, 2014	$	2,870	$	52		$	1,309		$	(34,446	)	$	(30,215	)

Components of non-controlling interest

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Balance as of the beginning of the period	$	8,954		$	7,832
Net income (loss)	447			(36		)
Other comprehensive income (loss)	(631		)	113

Balance as of the end of the period	$	8,770		$	7,909

Segment Information (Tables)

3 Months Ended

Jul. 25, 2015

Segment Information

Segment information

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Sales
Upholstery segment:
Sales to external customers	$	232,484		$	227,156
Intersegment sales	40,192			35,703

Upholstery segment sales	272,676			262,859


Casegoods segment:
Sales to external customers	21,202			25,953
Intersegment sales	2,191			2,970

Casegoods segment sales	23,393			28,923


Retail segment sales	86,651			72,905

Corporate and Other:
Sales to external customers	1,086			966
Intersegment sales	516			—

Corporate and Other sales	1,602			966


Eliminations	(42,899		)	(38,673		)

Consolidated sales	$	341,423		$	326,980


Operating Income (Loss)
Upholstery segment	$	24,594		$	22,017
Casegoods segment	1,690			1,525
Retail segment	4,729			315
Restructuring	(165		)	357
Corporate and Other	(10,882		)	(7,723		)

Consolidated operating income		19,966			16,491
Interest expense	112			132
Interest income	205			202
Other income (expense), net	1,968			(258		)

Income from continuing operations before income taxes	$	22,027		$	16,303

Earnings per Share (Tables)

3 Months Ended

Jul. 25, 2015

Earnings per Share

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

	Quarter Ended
(Unaudited, amounts in thousands)	7/25/15			7/26/14
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$	13,676		$	13,081
Income allocated to participating securities	(78		)	(81		)

Net income available to common shareholders	$	13,598		$	13,000


Denominator:
Basic weighted average common shares outstanding	50,583			52,191
Add:
Contingent common shares	119			116
Stock option dilution	341			320

Diluted weighted average common shares outstanding	51,043			52,627

Fair Value Measurements (Tables)

3 Months Ended

Jul. 25, 2015

Fair Value Measurements

Fair value hierarchy for assets measured at fair value on a recurring basis

At July 25, 2015

	Fair Value Measurements
(Unaudited, amounts in thousands)	Level 1(a)		Level 2(a)		Level 3
Assets
Available-for-sale securities	$	1,239	$	49,892	$	—
Trading securities	—		7		—

Total	$	1,239	$	49,899	$	—

(a)

There were no transfers between Level 1 and Level 2 during fiscal 2016.

At April 25, 2015

	Fair Value Measurements
(Unaudited, amounts in thousands)	Level 1(b)		Level 2(b)		Level 3
Assets
Available-for-sale securities	$	1,552	$	58,516	$	—
Trading securities	—		1,127		—

Total	$	1,552	$	59,643	$	—

(b)

There were no transfers between Level 1 and Level 2 during fiscal 2015.

Restructuring (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Jul. 25, 2015 facility	Jul. 26, 2014
Restructuring
Number of facilities sold	2
Restructuring charges
Pre-tax restructuring charges since inception of plan	$ 7.9
Restructuring charges since inception of plan, net of tax	5.0
Pre-tax restructuring (income) expense	0.2	(0.4)
Restructuring (income) expense, net of tax	0.1	(0.2)
Restructuring liability	0.5
Continuing Operations
Restructuring charges
Pre-tax restructuring charges since inception of plan	4.7
Restructuring charges since inception of plan, net of tax	2.9
Discontinued Operations.
Restructuring charges
Pre-tax restructuring charges since inception of plan	3.2
Restructuring charges since inception of plan, net of tax	$ 2.1

Discontinued Operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jul. 26, 2014
Results of discontinued operations
Income from discontinued operations, net of tax	$ 2,497
Discontinued Operations.
Results of discontinued operations
Net sales	3,487
Operating income from discontinued operations	102
Income from Continued Dumping and Subsidy Offset Act, net	3,763
Income tax expense	(1,368)
Income from discontinued operations, net of tax	2,497
American Furniture Company \| Discontinued Operations, Disposed of by Sale
Results of discontinued operations
Income from Continued Dumping and Subsidy Offset Act, net	$ 3,800

Inventories (Details) (USD $) In Thousands, unless otherwise specified	Jul. 25, 2015	Apr. 25, 2015
Inventories
Raw materials	$ 99,605	$ 75,024
Work in process	13,739	14,310
Finished goods	90,562	92,295
FIFO inventories	203,906	181,629
Excess of FIFO over LIFO	(24,958)	(24,840)
Inventories, net	$ 178,948	$ 156,789

Investments (Details) (USD $)	3 Months Ended
Investments (Details) (USD $)	Jul. 25, 2015	Jul. 26, 2014	Apr. 25, 2015
Summary of investments
Gross Unrealized Gains	$ 1,864,000		$ 2,239,000
Gross Unrealized Losses	(185,000)		(114,000)
Fair Value	51,138,000		61,195,000
Sales of available-for-sale securities
Proceeds from sales	12,983,000	10,422,000
Gross realized gains	677,000	14,000
Gross realized losses	(506,000)	(8,000)
Fair value of available-for-sale securities by contractual maturity
Fair value, available-for-sale securities with contractual maturity within one year	12,100,000
Fair value, available-for-sale securities with contractual maturity within two to five years	28,700,000
Fair value, available-for-sale securities with contractual maturity within six to ten years	1,500,000
Fair value, available-for-sale securities with contractual maturity after ten years	200,000
Investments Used to Enhance Returns on Cash
Summary of investments
Fair Value	37,000,000		45,500,000
Other current assets
Investments
Available-for-sale investments	11,700,000		16,800,000
Trading securities			1,100,000
Other long-term assets
Investments
Available-for-sale investments	39,400,000		43,300,000
Equity securities
Summary of investments
Gross Unrealized Gains	1,737,000		2,014,000
Gross Unrealized Losses	(113,000)		(78,000)
Fair Value	8,367,000		9,251,000
Fixed income
Summary of investments
Gross Unrealized Gains	126,000		224,000
Gross Unrealized Losses	(52,000)		(14,000)
Fair Value	42,460,000		50,358,000
Mutual funds
Summary of investments
Fair Value	7,000		1,127,000
Other
Summary of investments
Gross Unrealized Gains	1,000		1,000
Gross Unrealized Losses	(20,000)		(22,000)
Fair Value	$ 304,000		$ 459,000

Pension Plans (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jul. 25, 2015	Jul. 26, 2014
Components of net periodic pension cost
Service cost	$ 333	$ 279
Interest cost	1,211	1,267
Expected return on plan assets	(1,226)	(1,269)
Net amortization	736	665
Net periodic pension cost	$ 1,054	$ 942

Product Warranties (Details) (USD $)	3 Months Ended
Product Warranties (Details) (USD $)	Jul. 25, 2015	Jul. 26, 2014	Apr. 25, 2015
Reconciliation of changes in product warranty liability
Balance as of the beginning of the period	$ 16,870,000	$ 16,013,000
Accruals during the period	5,111,000	4,223,000
Accrual adjustments		(953,000)
Settlements during the period	(4,751,000)	(4,027,000)
Balance as of the end of the period	17,230,000	15,256,000
Product warranty liability included in accrued expenses and other current liabilities	$ 10,300,000		$ 10,200,000
Upholstery Segment
Product Warranties
Percentage of warranty liability relating to the segment	95.00%
Fabric and leather
Product Warranties
Warranty term	1 year
Cushions and padding \| Minimum
Product Warranties
Warranty term	1 year
Cushions and padding \| Maximum
Product Warranties
Warranty term	10 years
Labor costs relating to parts
Product Warranties
Warranty term	1 year

Stock-Based Compensation (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jul. 25, 2015	Jul. 26, 2014
Stock-based compensation expense recognized for outstanding grants
Equity-based awards expense	$ 3,012	$ 3,010
Liability-based awards income	(439)	(448)
Total stock-based compensation expense	$ 2,573	$ 2,562

Stock-Based Compensation, Stock Options (Details) (Stock Options, USD $)	3 Months Ended
	Jul. 25, 2015
Stock-Based Compensation
Shares granted (in shares)	429,754
Fair value assumptions
Risk-free interest rate (as a percent)	1.54%
Dividend rate (as a percent)	1.20%
Expected life in years	5 years
Stock price volatility (as a percent)	44.37%
Fair value per share (in dollars per share)	$ 9.69
Minimum
Stock-Based Compensation
Vesting period	1 year
Maximum
Stock-Based Compensation
Vesting period	4 years

Stock-Based Compensation, SARs (Details) (Stock Appreciation Rights, USD $)	3 Months Ended
	Jul. 25, 2015
Stock-Based Compensation
Percentage vesting each year from date of grant	25.00%
Period from grant date for first vesting	1 year
Vesting period	4 years
Fiscal 2014 Grant
Fair value assumptions
Risk-free interest rate (as a percent)	1.07%
Dividend rate (as a percent)	1.28%
Expected life in years	2 years 10 months 24 days
Stock price volatility (as a percent)	31.07%
Fair value per share (in dollars per share)	$ 7.76
Fiscal 2013 Grant
Fair value assumptions
Risk-free interest rate (as a percent)	0.69%
Dividend rate (as a percent)	1.28%
Expected life in years	1 year 11 months 23 days
Stock price volatility (as a percent)	28.82%
Fair value per share (in dollars per share)	$ 12.65

Stock-Based Compensation, Restricted Shares and RSUs (Details) (USD $)	3 Months Ended
	Jul. 25, 2015
Restricted Stock
Stock-Based Compensation
Granted (in shares)	89,563
Granted (in dollars per share/unit)	$ 26.69
Percentage vesting each year from date of grant	25.00%
Period from grant date for first vesting	1 year
Vesting period	4 years
Restricted Stock Units \| Employees
Stock-Based Compensation
Fair value (in dollars per unit)	$ 24.98
Award common share equivalent (in shares)	1
Percentage vesting each year from date of grant	25.00%
Period from grant date for first vesting	1 year
Vesting period	4 years

Stock-Based Compensation, Performance Awards (Details) (USD $)	3 Months Ended
	Jul. 25, 2015
Performance Awards
Stock-Based Compensation
Percentage of payout dependent on financial performance	80.00%
Percentage of payout dependent on total shareholder return	20.00%
Performance awards, performance period	3 years
Performance Awards \| Minimum
Stock-Based Compensation
Performance award opportunity as a percentage of target award	50.00%
Performance Awards \| Maximum
Stock-Based Compensation
Performance award opportunity as a percentage of target award	200.00%
Performance-Based Shares
Stock-Based Compensation
Number of shares or units granted	182,008
Performance-Based Shares \| Vesting Based on Performance \| Fiscal 2016 Grant
Stock-Based Compensation
Fair value on date of grant (in dollars per share)	$ 25.73
Performance-Based Shares \| Vesting Based on Market \| Fiscal 2016 Grant
Stock-Based Compensation
Fair value on date of grant (in dollars per share)	$ 34.40
Performance-Based Units \| Vesting Based on Performance \| Fiscal 2014 Grant
Stock-Based Compensation
Fair value (in dollars per unit)	$ 24.66
Performance-Based Units \| Vesting Based on Market \| Fiscal 2014 Grant
Stock-Based Compensation
Fair value (in dollars per unit)	$ 36.09

Accumulated Other Comprehensive Loss (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jul. 25, 2015	Jul. 26, 2014
Activity in accumulated other comprehensive loss
Balance	$ (32,139)	$ (31,380)
Changes before reclassifications	(3,276)	914
Amounts reclassified to net income	1,085	713
Tax effect	(9)	(462)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(2,200)	1,165
Balance	(34,339)	(30,215)
Components of non-controlling interest
Balance as of the beginning of the period	8,954	7,832
Net income (loss)	447	(36)
Other comprehensive income (loss)	(631)	113
Balance as of the end of the period	8,770	7,909
Translation adjustment
Activity in accumulated other comprehensive loss
Balance	1,517	2,455
Changes before reclassifications	(2,214)	415
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(2,214)	415
Balance	(697)	2,870
Change in fair value of cash flow hedge
Activity in accumulated other comprehensive loss
Balance	(560)	(53)
Changes before reclassifications	(786)	152
Amounts reclassified to net income	467	18
Tax effect	122	(65)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(197)	105
Balance	(757)	52
Unrealized gain on marketable securities
Activity in accumulated other comprehensive loss
Balance	1,605	1,098
Changes before reclassifications	(276)	347
Amounts reclassified to net income	(171)	(6)
Tax effect	170	(130)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	(277)	211
Balance	1,328	1,309
Net pension amortization and net actuarial loss
Activity in accumulated other comprehensive loss
Balance	(34,701)	(34,880)
Amounts reclassified to net income	789	701
Tax effect	(301)	(267)
Other comprehensive income (loss) attributable to La-Z-Boy Incorporated	488	434
Balance	$ (34,213)	$ (34,446)

Segment Information (Details)	3 Months Ended
Segment Information (Details)	Jul. 25, 2015 segment
Upholstery Segment
Segment Information
Number of operating units	2
Casegoods Segment
Segment Information
Number of brands	3
Retail Segment
Segment Information
Number of stores	111

Segment Information, Income Statement Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jul. 25, 2015	Jul. 26, 2014
Segment Information
Sales	$ 341,423	$ 326,980
Operating Income (Loss)	19,966	16,491
Restructuring	(165)	357
Interest expense	112	132
Interest income	205	202
Other income (expense), net	1,968	(258)
Income from continuing operations before income taxes	22,027	16,303
Upholstery Segment
Segment Information
Sales	232,484	227,156
Operating Income (Loss)	24,594	22,017
Casegoods Segment
Segment Information
Sales	21,202	25,953
Operating Income (Loss)	1,690	1,525
Retail Segment
Segment Information
Operating Income (Loss)	4,729	315
Corporate and Other
Segment Information
Sales	1,086	966
Operating Income (Loss)	(10,882)	(7,723)
Operating Segments \| Upholstery Segment
Segment Information
Sales	272,676	262,859
Operating Segments \| Casegoods Segment
Segment Information
Sales	23,393	28,923
Operating Segments \| Retail Segment
Segment Information
Sales	86,651	72,905
NonOperating Segments \| Corporate and Other
Segment Information
Sales	1,602	966
Eliminations
Segment Information
Sales	(42,899)	(38,673)
Eliminations \| Upholstery Segment
Segment Information
Sales	(40,192)	(35,703)
Eliminations \| Casegoods Segment
Segment Information
Sales	(2,191)	(2,970)
Eliminations \| Corporate and Other
Segment Information
Sales	$ (516)

Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Jul. 25, 2015	Jul. 26, 2014
Income Taxes
Effective tax rate (as a percent)	35.90%	35.30%
Statutory tax rate (as a percent)	35.00%
Net liability for uncertain income tax positions	$ 0.9

Earnings per Share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Jul. 25, 2015	Jul. 26, 2014
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$ 13,676	$ 13,081
Income allocated to participating securities, basic	(78)	(81)
Income allocated to participating securities, diluted	(78)	(81)
Net income available to common shareholders, basic	13,598	13,000
Net income available to common shareholders, diluted	$ 13,598	$ 13,000
Denominator
Basic weighted average common shares outstanding (in shares)	50,583,000	52,191,000
Add:
Contingent common shares	119,000	116,000
Stock option dilution	341,000	320,000
Diluted weighted average common shares outstanding (in shares)	51,043,000	52,627,000
Outstanding options
Anti-dilutive options
Outstanding options excluded from diluted share calculation (in shares)	400,000
Weighted average exercise price of options excluded from diluted share calculation (in dollars per share)	$ 26.69

Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	Jul. 25, 2015	Apr. 25, 2015
Assets
Transfers from Level 1 to Level 2	$ 0	$ 0
Transfers from Level 2 to Level 1	0	0
Level 1 \| Fair Value, Measurements, Recurring [Member]
Assets
Available-for-sale Securities	1,239	1,552
Total	1,239	1,552
Level 2 \| Fair Value, Measurements, Recurring [Member]
Assets
Available-for-sale Securities	49,892	58,516
Trading securities	7	1,127
Total	$ 49,899	$ 59,643

Basis of Presentation (Details)	3 Months Ended
Basis of Presentation (Details)	Jul. 25, 2015
Basis of Presentation
Improvement in gross margin due to legal settlement (as a percent)	0.50%