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La-Z-Boy LZB Standard Product Warranty Accrual
Standard Product Warranty Accrual at other companies
Other financials
Where this comes from
Reported directly by La-Z-Boy in its filing.
Tagged under the XBRL concept us-gaap:ProductWarrantyAccrual.
The source filing: La-Z-Boy’s 10-K, filed June 16, 2026.
- Filed
- Jun 16, 2026, 4:19 PM EDT
- Fiscal year
- FY2026
- Accession
- 0000057131-26-000019
| (Amounts in thousands) | 4/25/2026 | 4/26/2025 |
|---|---|---|
| Balance as of the beginning of the year | $29,940 | $28,909 |
| Accruals during the year | 28,099 | 34,336 |
| Settlements during the year | (27,722) | (33,305) |
| Change in warranty policy (1) | (5,606) | — |
| Balance as of the end of the year (2) | $24,711 | $29,940 |
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
FAQ
- What is La-Z-Boy's standard product warranty accrual?
- La-Z-Boy (LZB) reported standard product warranty accrual of $24.71M in Q1 2026.
- How has La-Z-Boy's standard product warranty accrual changed year-over-year?
- La-Z-Boy's standard product warranty accrual decreased by 17.5% year-over-year, from $29.94M to $24.71M.
- What is the long-term trend for La-Z-Boy's standard product warranty accrual?
- Over 5 years (2021 to 2026), La-Z-Boy's standard product warranty accrual has grown at a 0.9% compound annual growth rate (CAGR), from $23.64M to $24.71M.
- What does standard product warranty accrual mean?
- The estimated liability for future costs associated with repairing or replacing products under standard warranty terms. This accrual is based on historical claims experience and expected future service requirements for sold goods. It provides insight into product quality control and the long-term financial impact of warranty obligations.
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