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La-Z-Boy LZB Tax Credit Carryforward Valuation Allowance

Tax Credit Carryforward Valuation Allowance at other companies

Hooker Furnishings Corporation logo
Hooker Furnishings CorporationHOFT
$204K-10.9%

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$1.69B+9.6%
Enterprise value$1.95B-4.0%
P/E16.5×-0.3×
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 us-gaap:DeferredTaxAssetsValuationAllowance.

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)4/25/20264/26/2025
Employee benefits2,2022,611
Federal and foreign net operating losses, credits9472,613
Other—1,999
Valuation allowance(2,388)(4,055)
Total deferred tax assets173,484157,908
Liabilities
Right of use lease assets(132,402)(114,705)
Property, plant and equipment(26,973)(14,795)

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is La-Z-Boy's tax credit carryforward valuation allowance?
La-Z-Boy (LZB) reported tax credit carryforward valuation allowance of $2.39M in Q1 2026.
How has La-Z-Boy's tax credit carryforward valuation allowance changed year-over-year?
La-Z-Boy's tax credit carryforward valuation allowance decreased by 41.1% year-over-year, from $4.06M to $2.39M.
What is the long-term trend for La-Z-Boy's tax credit carryforward valuation allowance?
Over 5 years (2021 to 2026), La-Z-Boy's tax credit carryforward valuation allowance has grown at a -7.3% compound annual growth rate (CAGR), from $3.5M to $2.39M.
What does tax credit carryforward valuation allowance mean?
This is a contra-asset account that reduces the carrying value of tax credit carryforwards when it is more likely than not that some or all of the credits will not be realized. It reflects management's assessment of the company's ability to generate sufficient future taxable income. A high allowance suggests uncertainty regarding the realization of tax benefits.

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