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Revenue Recognition | 12 Months Ended
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Apr. 27, 2019
Revenue Recognition |
Revenue Recognition | Note 16: Revenue Recognition The following table disaggregates our revenue by product category by segment for the fiscal year ended April 27, 2019:
|  |  |  |  |  |  |  | Corporate |  |
(Amounts in thousands) |  | Upholstery |  | Casegoods |  | Retail |  | and Other |  | Total
Motion Upholstery Furniture |  | $ | 804,691 |  | $ | — |  | $ | 350,520 |  | $ | — |  | $ | 1,155,211
Stationary Upholstery Furniture |  |  | 367,386 |  |  | 16,631 |  |  | 108,590 |  |  | 77,749 |  |  | 570,356
Bedroom Furniture |  |  | — |  |  | 31,465 |  |  | 5,327 |  |  | 5,324 |  |  | 42,116
Dining Room Furniture |  |  | — |  |  | 23,073 |  |  | 9,918 |  |  | 1,961 |  |  | 34,952
Occasional Furniture |  |  | 1,616 |  |  | 49,173 |  |  | 20,354 |  |  | 1,132 |  |  | 72,275
Other (1) |  |  | 94,549 |  |  | (5,869) |  |  | 75,492 |  |  | (12,154) |  |  | 152,018
Total |  | $ | 1,268,242 |  | $ | 114,473 |  | $ | 570,201 |  | $ | 74,012 |  |  | 2,026,928
Eliminations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (281,527)
Consolidated Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,745,401
(1)Primarily includes revenue for delivery, advertising, royalties, parts, accessories, after-treatment products, tariff surcharges, discounts & allowances, rebates and other sales incentives Motion Upholstery Furniture - Includes gross revenue for upholstered furniture, such as recliners, sofas, loveseats, chairs, sectionals and modulars that have a mechanism that allows the back of the product to recline or the product’s footrest to extend. This gross revenue includes sales to La-Z-Boy Furniture Galleries® stores (including company-owned stores), operators of La-Z-Boy Comfort Studio® locations, England Custom Comfort Center locations, other major dealers, independent retailers, and the end consumer. Stationary Upholstery Furniture - Includes gross revenue for upholstered furniture, such as sofas, loveseats, chairs, sectionals, modulars, and ottomans that do not have a mechanism. This gross revenue includes sales to La-Z-Boy Furniture Galleries® stores (including company-owned stores), operators of La-Z-Boy Comfort Studio® locations, England Custom Comfort Center locations, other major dealers, independent retailers, and the end consumer. Bedroom Furniture - Includes gross revenue for casegoods furniture typically found in a bedroom, such as beds, chests, dressers, nightstands and benches. This gross revenue includes sales to La-Z-Boy Furniture Galleries® stores (including company-owned stores), independent retailers, and the end consumer. Dining Room Furniture - Includes gross revenue for casegoods furniture typically found in a dining room, such as dining tables, dining chairs, storage units and stools. This gross revenue includes sales to La-Z-Boy Furniture Galleries® stores (including company-owned stores), independent retailers, and the end consumer. Occasional Furniture - Includes gross revenue for casegoods furniture found throughout the home, such as cocktail tables, chairsides, sofa tables, end tables, and entertainment centers. This gross revenue includes sales to La-Z-Boy Furniture Galleries® stores (including company-owned stores), independent retailers, and the end consumer. Our consolidated balance sheet includes current assets of $17.0 million that we reported as other receivables. These other receivables represent the remaining consideration to which we are entitled prior to fulfilling our performance obligation. At the beginning of fiscal 2019, we had $12.1 million of other receivables. We receive deposits from end consumers before we recognize revenue, resulting in customer deposits, and in some cases we have the unconditional right to collect the remaining portion of the order price before we fulfill our performance obligation, resulting in deferred revenue (collectively, the “contract liabilities”). At the beginning of fiscal 2019, we had $31.3 million of customer deposits and $12.1 million of deferred revenues. At April 27, 2019, we included $42.8 million of customer deposits and $17.0 million of deferred revenues in accrued expenses and other current liabilities on our consolidated balance sheet. During the fiscal year ended April 27, 2019, we recognized $41.5 million of revenue that was recorded as a contract liability at the beginning of fiscal 2019. We have elected the practical expedient permitted in ASC 606-10-32-18, which allows an entity to recognize the promised amount of consideration without adjusting for the effects of a significant financing component if the contract has a duration of one year or less. As our contracts typically are less than one year in length and do not have significant financing components, we have not adjusted consideration.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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