$LZB
LA-Z-BOY INC Stock $lzb

$lzb Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-K Financial Statement

#000005713123000032 Filed on June 20, 2023

Income Statement

Concept	2023 Q2	2023
Revenue	$561.3M	$2.349B
YoY Change	-18.01%	-0.31%
Cost Of Revenue	$301.2M	$1.341B
YoY Change	-27.13%	-6.95%
Gross Profit	$260.1M	$1.009B
YoY Change	-4.11%	10.12%
Gross Profit Margin	46.34%	42.93%
Selling, General & Admin	$206.0M	$797.3M
YoY Change	7.05%	12.41%
% of Gross Profit	79.21%	79.04%
Research & Development		$9.100M
YoY Change		1.11%
% of Gross Profit		0.9%
Depreciation & Amortization	$10.84M	$40.19M
YoY Change	-14.17%	1.06%
% of Gross Profit	4.17%	3.98%
Operating Expenses	$206.0M	$806.4M
YoY Change	7.05%	12.27%
Operating Profit	$54.07M	$211.4M
YoY Change	-31.37%	2.26%
Interest Expense	$2.924M	$6.134M
YoY Change	2202.36%	1284.65%
% of Operating Profit	5.41%	2.9%
Other Income/Expense, Net	-$10.95M	-$11.78M
YoY Change	823.27%	589.93%
Pretax Income	$46.05M	$205.8M
YoY Change	-40.76%	0.15%
Income Tax	$11.40M	$53.85M
% Of Pretax Income	24.76%	26.17%
Net Earnings	$34.37M	$150.7M
YoY Change	-40.19%	0.43%
Net Earnings / Revenue	6.12%	6.41%
Basic Earnings Per Share		$3.49
Diluted Earnings Per Share	$0.79	$3.48
COMMON SHARES
Basic Shares Outstanding	43.32M shares	43.15M shares
Diluted Shares Outstanding		43.24M shares

Balance Sheet

Concept	2023 Q2	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$349.8M	$349.8M
YoY Change	33.02%	33.02%
Cash & Equivalents	$343.4M	$343.4M
Short-Term Investments	$6.394M	$6.394M
Other Short-Term Assets	$106.1M	$103.0M
YoY Change	-50.86%	-48.96%
Inventory	$276.3M	$276.3M
Prepaid Expenses
Receivables	$125.5M	$125.5M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$854.6M	$854.6M
YoY Change	-10.21%	-10.21%
LONG-TERM ASSETS
Property, Plant & Equipment	$278.6M	$694.8M
YoY Change	10.05%	5.46%
Goodwill	$205.0M
YoY Change	5.35%
Intangibles	$39.38M
YoY Change	15.91%
Long-Term Investments	$18.51M	$18.51M
YoY Change	-45.85%	-45.85%
Other Assets	$63.52M	$53.92M
YoY Change	-22.74%	-8.08%
Total Long-Term Assets	$1.012B	$1.012B
YoY Change	3.2%	3.2%
TOTAL ASSETS
Total Short-Term Assets	$854.6M	$854.6M
Total Long-Term Assets	$1.012B	$1.012B
Total Assets	$1.866B	$1.866B
YoY Change	-3.41%	-3.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$107.5M	$107.5M
YoY Change	3.3%	3.3%
Accrued Expenses	$160.9M	$160.9M
YoY Change	4.48%	4.48%
Deferred Revenue	$150.7M
YoY Change	-53.23%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$125.0K	$125.0K
YoY Change	1.63%	1.63%
Total Short-Term Liabilities	$475.9M	$475.9M
YoY Change	-29.57%	-29.57%
LONG-TERM LIABILITIES
Long-Term Debt	$225.0K	$225.0K
YoY Change	-35.71%	-35.71%
Other Long-Term Liabilities	$70.14M	$438.1M
YoY Change	-14.39%	0.38%
Total Long-Term Liabilities	$70.14M	$438.3M
YoY Change	-14.39%	0.35%
TOTAL LIABILITIES
Total Short-Term Liabilities	$475.9M	$475.9M
Total Long-Term Liabilities	$70.14M	$438.3M
Total Liabilities	$546.0M	$924.4M
YoY Change	-27.93%	-17.56%
SHAREHOLDERS EQUITY
Retained Earnings	$545.2M
YoY Change	26.43%
Common Stock	$402.2M
YoY Change	4.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$941.8M	$941.8M
YoY Change
Total Liabilities & Shareholders Equity	$1.866B	$1.866B
YoY Change	-3.41%	-3.41%

Cashflow Statement

Concept	2023 Q2	2023
OPERATING ACTIVITIES
Net Income	$34.37M	$150.7M
YoY Change	-40.19%	0.43%
Depreciation, Depletion And Amortization	$10.84M	$40.19M
YoY Change	-14.17%	1.06%
Cash From Operating Activities	$78.12M	$205.2M
YoY Change	131.03%	159.69%
INVESTING ACTIVITIES
Capital Expenditures	$11.37M	$68.81M
YoY Change	-163.2%	-10.14%
Acquisitions		$16.84M
YoY Change		-36.04%
Other Investing Activities	-$782.0K	-$1.308M
YoY Change	-104.69%	-26.97%
Cash From Investing Activities	-$12.16M	-$70.12M
YoY Change	810.49%	-10.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$5.004M
YoY Change		-94.48%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-3.245M	-$37.14M
YoY Change	-85.43%	-74.31%
NET CHANGE
Cash From Operating Activities	78.12M	$205.2M
Cash From Investing Activities	-12.16M	-$70.12M
Cash From Financing Activities	-3.245M	-$37.14M
Net Change In Cash	62.71M	$97.82M
YoY Change	514.61%	-167.07%
FREE CASH FLOW
Cash From Operating Activities	$78.12M	$205.2M
Capital Expenditures	$11.37M	$68.81M
Free Cash Flow	$66.74M	$136.4M
YoY Change	28.83%	5525.21%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023	dei	Auditor Name AuditorName	PricewaterhouseCoopers LLP
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CY2023	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 liabilities), sales, and expenses at the date of the financial statements. Actual results could differ from those estimates.</span></div>
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CY2023	us-gaap	Debt And Equity Securities Gain Loss DebtAndEquitySecuritiesGainLoss	10300000	usd
CY2021	us-gaap	Debt And Equity Securities Gain Loss DebtAndEquitySecuritiesGainLoss	0	usd
CY2022	us-gaap	Debt And Equity Securities Gain Loss DebtAndEquitySecuritiesGainLoss	0	usd
CY2023	us-gaap	Debt And Equity Securities Gain Loss DebtAndEquitySecuritiesGainLoss	10300000	usd
CY2023	lzb	Tax Cuts And Jobs Act Payroll Tax Credit TaxCutsAndJobsActPayrollTaxCredit	5200000	usd
CY2023	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	9100000	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	9000000	usd
CY2021	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	7600000	usd
CY2023	us-gaap	Advertising Expense AdvertisingExpense	159000000	usd
CY2022	us-gaap	Advertising Expense AdvertisingExpense	126800000	usd
CY2021	us-gaap	Advertising Expense AdvertisingExpense	94600000	usd
CY2023	lzb	Percentage Reimbursement On Advertising PercentageReimbursementOnAdvertising	0.20
CY2023	lzb	Maximum Deductibles For Insurance Arrangement MaximumDeductiblesForInsuranceArrangement	2500000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	343374000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	245589000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	3304000	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	3267000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	346678000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	248856000	usd
CY2023Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	116440000	usd
CY2022Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	146896000	usd
CY2023Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	24328000	usd
CY2022Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	36834000	usd
CY2023Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	181401000	usd
CY2022Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	185870000	usd
CY2023Q2	us-gaap	Inventory Gross InventoryGross	322169000	usd
CY2022Q2	us-gaap	Inventory Gross InventoryGross	369600000	usd
CY2023Q2	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	45912000	usd
CY2022Q2	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	66409000	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	276257000	usd
CY2022Q2	us-gaap	Inventory Net InventoryNet	303191000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	704586000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	648846000	usd
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	426008000	usd
CY2022Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	395702000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	278578000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	253144000	usd
CY2023	us-gaap	Depreciation Depreciation	39000000	usd
CY2022	us-gaap	Depreciation Depreciation	38300000	usd
CY2021	us-gaap	Depreciation Depreciation	31700000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	415925000	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	405287000	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	77626000	usd
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	75148000	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	367938000	usd
CY2022Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	354493000	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	344000	usd
CY2022Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	468000	usd
CY2023Q2	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	125000	usd
CY2022Q2	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	123000	usd
CY2023Q2	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	225000	usd
CY2022Q2	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	350000	usd
CY2023Q2	lzb	Lease Right Of Use Asset LeaseRightOfUseAsset	416269000	usd
CY2022Q2	lzb	Lease Right Of Use Asset LeaseRightOfUseAsset	405755000	usd
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	90500000	usd
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	83520000	usd
CY2021	us-gaap	Operating Lease Cost OperatingLeaseCost	79072000	usd
CY2023	lzb	Finance Lease Cost FinanceLeaseCost	130000	usd
CY2022	lzb	Finance Lease Cost FinanceLeaseCost	130000	usd
CY2021	lzb	Finance Lease Cost FinanceLeaseCost	53000	usd
CY2023	us-gaap	Short Term Lease Cost ShortTermLeaseCost	2459000	usd
CY2022	us-gaap	Short Term Lease Cost ShortTermLeaseCost	2097000	usd
CY2021	us-gaap	Short Term Lease Cost ShortTermLeaseCost	545000	usd
CY2023	lzb	Variable Lease Cost Credit VariableLeaseCostCredit	187000	usd
CY2022	lzb	Variable Lease Cost Credit VariableLeaseCostCredit	159000	usd
CY2021	lzb	Variable Lease Cost Credit VariableLeaseCostCredit	-245000	usd
CY2023	us-gaap	Sublease Income SubleaseIncome	276000	usd
CY2022	us-gaap	Sublease Income SubleaseIncome	550000	usd
CY2021	us-gaap	Sublease Income SubleaseIncome	1546000	usd
CY2023	us-gaap	Lease Cost LeaseCost	93000000	usd
CY2022	us-gaap	Lease Cost LeaseCost	85356000	usd
CY2021	us-gaap	Lease Cost LeaseCost	77879000	usd
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	91934000	usd
CY2023	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	130000	usd
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	84492000	usd
CY2022	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	130000	usd
CY2023	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	92787000	usd
CY2023	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	0	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	140376000	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	0	usd
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y
CY2023Q2	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P2Y9M18D
CY2022Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y2M12D
CY2022Q2	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P3Y9M18D
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.035
CY2023Q2	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.017
CY2022Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.030
CY2022Q2	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.017
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths	91654000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due In Next Rolling Twelve Months FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths	130000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Two LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo	81605000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due In Rolling Year Two FinanceLeaseLiabilityPaymentsDueInRollingYearTwo	130000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Three LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree	69155000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due In Rolling Year Three FinanceLeaseLiabilityPaymentsDueInRollingYearThree	98000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Four LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour	58890000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due In Rolling Year Four FinanceLeaseLiabilityPaymentsDueInRollingYearFour	0	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Five LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive	50816000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due In Rolling Year Five FinanceLeaseLiabilityPaymentsDueInRollingYearFive	0	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Rolling Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive	152855000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due In Rolling After Year Five FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive	0	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	504975000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	358000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	59411000	usd
CY2023Q2	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	8000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	445564000	usd
CY2023Q2	us-gaap	Finance Lease Liability FinanceLeaseLiability	350000	usd
CY2023Q2	lzb	Lessee Operating Lease Lease Not Yet Commenced Undiscounted Amount LesseeOperatingLeaseLeaseNotYetCommencedUndiscountedAmount	28600000	usd
CY2021Q2	us-gaap	Goodwill Goodwill	175814000	usd
CY2022	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	20955000	usd
CY2022	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-2165000	usd
CY2022Q2	us-gaap	Goodwill Goodwill	194604000	usd
CY2023	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	10598000	usd
CY2023	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-194000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	205008000	usd
CY2021	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	26900000	usd
CY2021Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	30431000	usd
CY2022	us-gaap	Indefinitelived Intangible Assets Acquired IndefinitelivedIntangibleAssetsAcquired	4896000	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1049000	usd
CY2022	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-307000	usd
CY2022Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	33971000	usd
CY2023	us-gaap	Indefinitelived Intangible Assets Acquired IndefinitelivedIntangibleAssetsAcquired	6562000	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1006000	usd
CY2023	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-152000	usd
CY2023Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	39375000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	400000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	200000	usd
CY2023	us-gaap	Debt And Equity Securities Gain Loss DebtAndEquitySecuritiesGainLoss	10300000	usd
CY2023Q2	us-gaap	Investments Investments	24903000	usd
CY2022Q2	us-gaap	Investments Investments	51537000	usd
CY2023Q2	us-gaap	Investments Investments	24903000	usd
CY2022Q2	us-gaap	Investments Investments	51537000	usd
CY2023Q2	lzb	Investments Cumulative Gross Unrealized Gain InvestmentsCumulativeGrossUnrealizedGain	2551000	usd
CY2023Q2	lzb	Investments Cumulative Gross Unrealized Loss InvestmentsCumulativeGrossUnrealizedLoss	723000	usd
CY2023Q2	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	24903000	usd
CY2022Q2	lzb	Investments Cumulative Gross Unrealized Gain InvestmentsCumulativeGrossUnrealizedGain	2726000	usd
CY2022Q2	lzb	Investments Cumulative Gross Unrealized Loss InvestmentsCumulativeGrossUnrealizedLoss	895000	usd
CY2022Q2	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	51537000	usd
CY2023	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	24483000	usd
CY2022	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	35116000	usd
CY2021	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	33631000	usd
CY2023	us-gaap	Debt Securities Available For Sale Realized Gain DebtSecuritiesAvailableForSaleRealizedGain	94000	usd
CY2022	us-gaap	Debt Securities Available For Sale Realized Gain DebtSecuritiesAvailableForSaleRealizedGain	879000	usd
CY2021	us-gaap	Debt Securities Available For Sale Realized Gain DebtSecuritiesAvailableForSaleRealizedGain	1026000	usd
CY2023	us-gaap	Debt Securities Available For Sale Realized Loss DebtSecuritiesAvailableForSaleRealizedLoss	242000	usd
CY2022	us-gaap	Debt Securities Available For Sale Realized Loss DebtSecuritiesAvailableForSaleRealizedLoss	402000	usd
CY2021	us-gaap	Debt Securities Available For Sale Realized Loss DebtSecuritiesAvailableForSaleRealizedLoss	71000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue	5038000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue	6612000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue	674000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue	1715000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Single Maturity Date AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate	14039000	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	63342000	usd
CY2022Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	62373000	usd
CY2023Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	19893000	usd
CY2022Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	16436000	usd
CY2023Q2	us-gaap	Deposit Liability Current DepositLiabilityCurrent	105766000	usd
CY2022Q2	us-gaap	Deposit Liability Current DepositLiabilityCurrent	183233000	usd
CY2023Q2	lzb	Contract With Customer Liability For Deferred Revenue Current ContractWithCustomerLiabilityForDeferredRevenueCurrent	44939000	usd
CY2022Q2	lzb	Contract With Customer Liability For Deferred Revenue Current ContractWithCustomerLiabilityForDeferredRevenueCurrent	139006000	usd
CY2023Q2	us-gaap	Other Sundry Liabilities Current OtherSundryLiabilitiesCurrent	56710000	usd
CY2022Q2	us-gaap	Other Sundry Liabilities Current OtherSundryLiabilitiesCurrent	95345000	usd
CY2023Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	290650000	usd
CY2022Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	496393000	usd
CY2023	us-gaap	Interest Paid InterestPaid	300000	usd
CY2022	us-gaap	Interest Paid InterestPaid	500000	usd
CY2021	us-gaap	Interest Paid InterestPaid	800000	usd
CY2022Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	27036000	usd
CY2021Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	23636000	usd
CY2023	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	0	usd
CY2022	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	548000	usd
CY2023	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	35276000	usd
CY2022	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	30146000	usd
CY2023	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	31328000	usd
CY2022	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	27294000	usd
CY2023Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	30984000	usd
CY2022Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	27036000	usd
CY2023Q2	us-gaap	Standard Product Warranty Accrual Current StandardProductWarrantyAccrualCurrent	19900000	usd
CY2022Q2	us-gaap	Standard Product Warranty Accrual Current StandardProductWarrantyAccrualCurrent	16400000	usd
CY2023	lzb	Expense Recognized For Equity Based Awards ExpenseRecognizedForEquityBasedAwards	12458000	usd
CY2022	lzb	Expense Recognized For Equity Based Awards ExpenseRecognizedForEquityBasedAwards	11858000	usd
CY2021	lzb	Expense Recognized For Equity Based Awards ExpenseRecognizedForEquityBasedAwards	12671000	usd
CY2023	lzb	Expense Income Recognized For Liability Based Awards ExpenseIncomeRecognizedForLiabilityBasedAwards	162000	usd
CY2022	lzb	Expense Income Recognized For Liability Based Awards ExpenseIncomeRecognizedForLiabilityBasedAwards	-1131000	usd
CY2021	lzb	Expense Income Recognized For Liability Based Awards ExpenseIncomeRecognizedForLiabilityBasedAwards	1878000	usd
CY2023	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	12620000	usd
CY2022	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	10727000	usd
CY2021	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	14549000	usd
CY2021	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	5264000	usd
CY2021	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax	-338000	usd
CY2021	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	171000	usd
CY2021	lzb	Other Comprehensive Income Loss Including Cumulative Effecton Retained Earnings Netof Tax OtherComprehensiveIncomeLossIncludingCumulativeEffectonRetainedEarningsNetofTax	5431000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	-4410000	usd
CY2022	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax	-365000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	231000	usd
CY2022	lzb	Other Comprehensive Income Loss Including Cumulative Effecton Retained Earnings Netof Tax OtherComprehensiveIncomeLossIncludingCumulativeEffectonRetainedEarningsNetofTax	-4276000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Before Reclassifications Before Tax OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax	161000	usd
CY2023	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax	-424000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	316000	usd
CY2023	lzb	Other Comprehensive Income Loss Including Cumulative Effecton Retained Earnings Netof Tax OtherComprehensiveIncomeLossIncludingCumulativeEffectonRetainedEarningsNetofTax	269000	usd
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2349433000	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2356811000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	44939000	usd
CY2022Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	139006000	usd
CY2023Q2	lzb	Contract With Customer Liability For Customer Deposits Current ContractWithCustomerLiabilityForCustomerDepositsCurrent	105766000	usd
CY2022Q2	lzb	Contract With Customer Liability For Customer Deposits Current ContractWithCustomerLiabilityForCustomerDepositsCurrent	183233000	usd
CY2023Q2	lzb	Contract With Customer Liability For Deferred Revenue Current ContractWithCustomerLiabilityForDeferredRevenueCurrent	44939000	usd
CY2022Q2	lzb	Contract With Customer Liability For Deferred Revenue Current ContractWithCustomerLiabilityForDeferredRevenueCurrent	139006000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	150705000	usd
CY2022Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	322239000	usd
CY2023	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	293700000	usd
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2349433000	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2356811000	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1734244000	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	211439000	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	206756000	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	136736000	usd
CY2023	lzb	Interest Expense Including Litigation Settlement Interest InterestExpenseIncludingLitigationSettlementInterest	536000	usd
CY2022	lzb	Interest Expense Including Litigation Settlement Interest InterestExpenseIncludingLitigationSettlementInterest	895000	usd
CY2021	lzb	Interest Expense Including Litigation Settlement Interest InterestExpenseIncludingLitigationSettlementInterest	1390000	usd
CY2023	us-gaap	Investment Income Interest InvestmentIncomeInterest	6670000	usd
CY2022	us-gaap	Investment Income Interest InvestmentIncomeInterest	1338000	usd
CY2021	us-gaap	Investment Income Interest InvestmentIncomeInterest	1101000	usd
CY2023	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-11784000	usd
CY2022	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1708000	usd
CY2021	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	9466000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	205789000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	205491000	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	145913000	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	40193000	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	39771000	usd
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	33021000	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	68812000	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	76580000	usd
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	37960000	usd
CY2023Q2	us-gaap	Assets Assets	1866263000	usd
CY2022Q2	us-gaap	Assets Assets	1932089000	usd
CY2023Q2	us-gaap	Noncurrent Assets NoncurrentAssets	939230000	usd
CY2022Q2	us-gaap	Noncurrent Assets NoncurrentAssets	887474000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	177940000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	164432000	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	124547000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	27849000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	41059000	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	21366000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	205789000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	205491000	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	145913000	usd
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.002
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.262
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.259
CY2021	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.263
CY2023Q2	us-gaap	Undistributed Earnings Of Foreign Subsidiaries UndistributedEarningsOfForeignSubsidiaries	61000000	usd
CY2023Q2	us-gaap	Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries	2600000	usd
CY2023	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	31945000	usd
CY2022	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	30793000	usd
CY2021	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	18327000	usd
CY2023	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	4960000	usd
CY2022	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	2303000	usd
CY2021	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	6771000	usd
CY2023	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	10345000	usd
CY2022	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	9191000	usd
CY2021	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	6475000	usd
CY2023	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	1537000	usd
CY2022	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	1060000	usd
CY2021	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	2339000	usd
CY2023	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	7237000	usd
CY2022	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	11632000	usd
CY2021	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	4451000	usd
CY2023	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-2176000	usd
CY2022	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-1816000	usd
CY2021	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	21000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	53848000	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	53163000	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	38384000	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2021	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2023	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.045
CY2022	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.039
CY2021	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.043
CY2023	lzb	Effective Income Tax Rate Reconciliation Gains And Losses On Corporate Owned Life Insurance Percent EffectiveIncomeTaxRateReconciliationGainsAndLossesOnCorporateOwnedLifeInsurancePercent	-0.002
CY2022	lzb	Effective Income Tax Rate Reconciliation Gains And Losses On Corporate Owned Life Insurance Percent EffectiveIncomeTaxRateReconciliationGainsAndLossesOnCorporateOwnedLifeInsurancePercent	0
CY2021	lzb	Effective Income Tax Rate Reconciliation Gains And Losses On Corporate Owned Life Insurance Percent EffectiveIncomeTaxRateReconciliationGainsAndLossesOnCorporateOwnedLifeInsurancePercent	0.012
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Tax Contingencies EffectiveIncomeTaxRateReconciliationTaxContingencies	-0.001
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Tax Contingencies EffectiveIncomeTaxRateReconciliationTaxContingencies	-0.003
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Tax Contingencies EffectiveIncomeTaxRateReconciliationTaxContingencies	0.020
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.006
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.013
CY2023Q2	us-gaap	Deferred Tax Liabilities Undistributed Foreign Earnings DeferredTaxLiabilitiesUndistributedForeignEarnings	1200000	usd
CY2023Q2	lzb	Deferred Tax Assets Lease DeferredTaxAssetsLease	110993000	usd
CY2022Q2	lzb	Deferred Tax Assets Lease DeferredTaxAssetsLease	108108000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation	19475000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation	21309000	usd
CY2023Q2	lzb	Deferred Tax Asset Operating Loss Carry Forwards Credits And Other State And Local DeferredTaxAssetOperatingLossCarryForwardsCreditsAndOtherStateAndLocal	5126000	usd
CY2022Q2	lzb	Deferred Tax Asset Operating Loss Carry Forwards Credits And Other State And Local DeferredTaxAssetOperatingLossCarryForwardsCreditsAndOtherStateAndLocal	5795000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves	7213000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves	6402000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Inventory DeferredTaxAssetsInventory	0	usd
CY2022Q2	us-gaap	Deferred Tax Assets Inventory DeferredTaxAssetsInventory	2274000	usd
CY2023Q2	lzb	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Workers Compensation DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsWorkersCompensation	1817000	usd
CY2022Q2	lzb	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Workers Compensation DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsWorkersCompensation	2292000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts	1475000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts	1216000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits	2159000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits	2170000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	530000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	908000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	2198000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	81000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3468000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3517000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	147518000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	147038000	usd
CY2023Q2	us-gaap	Deferred Tax Liabilities Leasing Arrangements DeferredTaxLiabilitiesLeasingArrangements	104067000	usd
CY2022Q2	us-gaap	Deferred Tax Liabilities Leasing Arrangements DeferredTaxLiabilitiesLeasingArrangements	102978000	usd
CY2023Q2	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	19936000	usd
CY2022Q2	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	20412000	usd
CY2023Q2	us-gaap	Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts	1802000	usd
CY2022Q2	us-gaap	Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts	0	usd
CY2023Q2	us-gaap	Deferred Tax Liabilities Goodwill And Intangible Assets DeferredTaxLiabilitiesGoodwillAndIntangibleAssets	14128000	usd
CY2022Q2	us-gaap	Deferred Tax Liabilities Goodwill And Intangible Assets DeferredTaxLiabilitiesGoodwillAndIntangibleAssets	11914000	usd
CY2023Q2	us-gaap	Deferred Tax Liabilities Undistributed Foreign Earnings DeferredTaxLiabilitiesUndistributedForeignEarnings	1152000	usd
CY2022Q2	us-gaap	Deferred Tax Liabilities Undistributed Foreign Earnings DeferredTaxLiabilitiesUndistributedForeignEarnings	1102000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	6433000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	10632000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards State And Local DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal	2074000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards	147000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Foreign DeferredTaxAssetsOperatingLossCarryforwardsForeign	131000	usd
CY2023Q2	lzb	Estimated Future Taxable Income EstimatedFutureTaxableIncome	13600000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	106461000	usd
CY2023	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	0	usd
CY2022	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	7000	usd
CY2021	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	46000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3468000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3517000	usd
CY2023	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-49000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3500000	usd
CY2023Q2	us-gaap	Decrease In Unrecognized Tax Benefits Is Reasonably Possible DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible	1100000	usd
CY2022Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1037000	usd
CY2021Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1069000	usd
CY2020Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1030000	usd
CY2023	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	109000	usd
CY2022	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	121000	usd
CY2021	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	176000	usd
CY2023	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	83000	usd
CY2022	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	10000	usd
CY2021	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	35000	usd
CY2023	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	0	usd
CY2022	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	23000	usd
CY2021	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	19000	usd
CY2023	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities	0	usd
CY2022	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities	0	usd
CY2021	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities	0	usd
CY2023	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	145000	usd
CY2022	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	140000	usd
CY2021	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	153000	usd
CY2023Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1084000	usd
CY2022Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1037000	usd
CY2021Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1069000	usd
CY2022Q2	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	400000	usd
CY2023Q2	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	400000	usd
CY2023Q2	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	900000	usd
CY2023Q2	us-gaap	Decrease In Unrecognized Tax Benefits Is Reasonably Possible DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible	1100000	usd
CY2023	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	69900000	usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	38600000	usd
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	40500000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	150664000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	150017000	usd
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	150664000	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	150010000	usd
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	106415000	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43148000	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44023000	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	45983000	shares
CY2023	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	91000	shares
CY2022	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	79000	shares
CY2021	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	171000	shares
CY2023	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1000	shares
CY2022	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	192000	shares
CY2021	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	213000	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	43240000	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44294000	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	46367000	shares
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.49
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.41
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.31
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.48
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.39
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.30
CY2023Q2	us-gaap	Debt And Equity Securities Gain Loss DebtAndEquitySecuritiesGainLoss	10300000	usd
CY2022Q4	lzb	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Fair Value Adjustment FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityFairValueAdjustment	800000	usd
CY2021Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	7579000	usd
CY2021Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	14100000	usd
CY2022	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	2500000	usd
CY2022	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases	0	usd
CY2022	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements	0	usd
CY2022	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements	10000000	usd
CY2022	lzb	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Fair Value Adjustment FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetFairValueAdjustment	0	usd
CY2022	lzb	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Fair Value Adjustment FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityFairValueAdjustment	3300000	usd
CY2022Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	10079000	usd
CY2022Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	800000	usd
CY2023	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases	0	usd
CY2023	lzb	Fair Value Recurring Basis Unobservable Input Reconciliation Asset Gain Loss Statement Of Income Extensible List Not Disclosed Flag FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfIncomeExtensibleListNotDisclosedFlag	Impairment
CY2023	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	-10316000	usd
CY2023	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings	0	usd
CY2023	lzb	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Fair Value Adjustment FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetFairValueAdjustment	0	usd
CY2023Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	0	usd
CY2023Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	0	usd
CY2023	dei	Auditor Firm AuditorFirmId	238

Files In Submission

Name	View Source	Status
0000057131-23-000032-index-headers.html	Edgar Link	pending
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$LZB
LA-Z-BOY INC Stock $lzb

2023 Q2 Form 10-K Financial Statement

#000005713123000032 Filed on June 20, 2023

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$LZB LA-Z-BOY INC Stock $lzb

2023 Q2 Form 10-K Financial Statement

#000005713123000032 Filed on June 20, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LZB
LA-Z-BOY INC Stock $lzb