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La-Z-Boy LZB Amortization of right-of-use lease assets

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Other financials

Income statement

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Revenue$570.3M-0.1%
Gross profit$262.8M+4.7%
Operating income$41.2M+39.6%
Net income$33.3M+123%
EPS (diluted)$0.82+134%

Balance sheet

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Cash & equivalents$303.2M-7.7%
Total debt$565.2M+14.9%
Total equity$1.0B+2.9%
Total assets$2.0B+6.3%

Cash flow

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Operating cash flow$28.4M-54.2%
CapEx$19.6M-14.0%
Free cash flow$8.8M-77.5%

Valuation

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Market cap$1.67B-10.7%
Enterprise value$1.93B-4.0%
P/E16.4×-2.4×
P/S0.8×-0.1×

Profitability

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Gross margin44%+0.1pp
Operating margin6.1%-0.4pp
Net margin4.8%+0.1pp
FCF margin6%+0.6pp

Returns & leverage

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Return on equity9.9%0.0pp
Debt / equity0.5×+0.1×
Current ratio1.8×-0.1×

Where this comes from

Reported directly by La-Z-Boy in its filing.

Tagged under the XBRL concept lzb:LeaseRightOfUseAssetAmortizationExpense.

The official record: La-Z-Boy’s 10-K, filed June 16, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is La-Z-Boy's amortization of right-of-use lease assets?
La-Z-Boy (LZB) reported amortization of right-of-use lease assets of $22.1M in Q1 2026.
How has La-Z-Boy's amortization of right-of-use lease assets changed year-over-year?
La-Z-Boy's amortization of right-of-use lease assets increased by 43.1% year-over-year, from $15.44M to $22.1M.
What is the long-term trend for La-Z-Boy's amortization of right-of-use lease assets?
Over 4 years (2022 to 2026), La-Z-Boy's amortization of right-of-use lease assets has grown at a 3.7% compound annual growth rate (CAGR), from $72.94M to $84.44M.
What does amortization of right-of-use lease assets mean?
This represents the non-cash expense recognized over the lease term to amortize the right-of-use asset created under lease accounting standards. It reflects the systematic consumption of the economic benefits derived from leased properties, such as retail showrooms or distribution centers. Monitoring this helps investors understand the underlying occupancy costs that are distinct from cash lease payments.