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LA-Z-BOY, Inc. (All Remaining questions pertain to accompanying financial statements) La-z-Boy is the largest reclining-chair manufacturer in the world and one of North America's largest

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LA-Z-BOY, Inc. (All Remaining questions pertain to accompanying financial statements) La-z-Boy is the largest reclining-chair manufacturer in the world and one of North America's largest manufacturers of upholstered furniture. Its selected 2017 comparative financial statements and notes are provided. All numbers in the statements and in the problems are in (sthousands) unless otherwise noted, Watch the dates on the statements. Treat each item independently unless it is a multiple-part question or otherwise noted. 1. a) How much cash was received from the sale (disposal) of assets during fiscal year 2017? Fiscal Year Eaded wowowe 4212017 2016 4252015 $ 86,984 $ 80,963 $ 71,971 224) 384 (436 (499) (214 1,030 (2.290) 22,283 6780 (291) 29,131 8,864 (2,300) (7.850) 12,517 (1.211) 4,541 15,915 146,174 (660) 26,517 8,292 (7.000) 10,730 (14,621) 4,148 (1,007) (2,595) (7.646 4,154 (5,206) (1,019) 86,751 470 112,361 Amount is thousands) Cash flows from operating activities Net Income ........ Adjustments to reconcile net income to cash provided by operating activities (Guin) loss on disposal of assets. Guin on sale of investments .... Deferred income tax expense.... Provision for doubtful accounts Depreciation and amortization ... Stock-based compensation expense Pension plan contributions ... Change in receivables Change in inventories Change in other assets Change in accounts payable. Change in other liabilities Net cash provided by operating activities Cash flows from investing activities Proceeds from disposals of assets Capital expenditures ..... Purchases of investments Proceeds from sales of investments Acquisitions, net of cash acquired Change in restricted cash... Net cash used for investing activities Cash flows from financing activities Payments on debt ...... Payments for debt issuance costs Stock issued for stock and employee benefit plans Excess tax benet on stock option exercises Purchases of common stock ... Dividends paid . Net cash used for financing activities Effect of exchange rate changes on cash and equivalents... Change in cash and equivalents. Cash and equivalents at beginning of period... Cash and equivalents at end of period. Supplemental disclosure of non-cash investing activities Capital expenditures included in accounts payable ....... 761 (20,304) (29,763) 19,954 (35,878) 3,054 (24,684) (21,009) 28,721 (23,311) 659 (36,370) 9,061 (70,319) (40,327) 33,750 (1,774) 2016 (66,673) (23) (65,253) (288) (508) 1.566 1,737 (33,957) (20,655) (51,597) 420 1,264 (440823 (18.141) (61,047) (7.571) (208) 1,397 1,592 (51,853) (14,513) (71.156) 281) (51,359) 149,661 98,302 29.502 1125 $ 141.860 $ 112,358 5 S 1,795 $ - 500 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements Note 11: Retirement and Welfare Plans The funded status of the defined benefit pension plan for eligible factory hourly employees was as follows: (Amounts in thond) 4792017 402016 Change in benefit obligation Benefit obligation at beginning of year $ 116,371 5 121,080 Service cost..... 1,278 1358 Interest cost . 4,681 4938 Actuarial loss... Benefits paid.. (7,728) (10,808) Administrative expenses... (31) (418) Benefit obligation Mend of year 114,185 116,371 Change in plan assets Fair value of plan assets at beginning of year 112.484 113,742 Actual return on plan assets.. 2.387 2,968 Employer contributions ....... 2.000 7.000 Benefits paid ...... (10,808) Administrative expenses... (431) (418) Fair value of plan assets at end of year 109,012 112.414 Funded status ...... (5.173) $ (3,887) The combined net periodic pension cost and retirement costs for retirement plans related to continuing operations were as follows (for the fiscal years ended) Service cos... Interest cost .. Expected return on plan assets Net amortization and deferral Net periodic pension cost (hourly plan) ...... 2011 1.278 $ 4,681 (4978) 3.058 016 1,358 S 4,938 (4.997) 3.001 4.300) 435/2015 1114 5,070 (5.077) 2,658 3,765 4,039

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