Revenue Recognition

12 Months Ended

Apr. 25, 2020

Revenue from Contract with Customer [Abstract]

The following table presents our revenue disaggregated by product category and by segment or unit:



	Year Ended April 25, 2020
(Amounts in thousands)	Upholstery		Casegoods			Retail		Corporate and Other			Total
Motion Upholstery Furniture	$	751,697	$	—		$	355,427	$	—		$	1,107,124
Stationary Upholstery Furniture	347,881		16,146			124,772		102,886			591,685
Bedroom Furniture	—		31,195			7,408		6,426			45,029
Dining Room Furniture	—		21,944			10,894		1,847			34,685
Occasional Furniture	1,469		42,464			20,069		1,931			65,933
Other (1)	103,212		(5,714		)	79,984		(23,998		)	153,484
Total	$	1,204,259	$	106,035		$	598,554	$	89,092		$	1,997,940

			Eliminations								(293,958		)
			Consolidated Net Sales								$	1,703,982

	Year Ended April 27, 2019
(Amounts in thousands)	Upholstery		Casegoods			Retail		Corporate 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.

At April 25, 2020, our consolidated balance sheet includes current assets of $17.1 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 2020, we had $17.0 million of other receivables.

We receive customer deposits from end consumers before we recognize revenue 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 April 25, 2020, we included $40.7 million of customer deposits and $17.1 million of deferred revenues in accrued expenses and other current liabilities on our consolidated balance sheet. At the beginning of fiscal 2020, we had $42.8 million of customer deposits and $17.0 million of deferred revenues. During the fiscal year ended April 25, 2020, we recognized $55.0 million of revenue related to our contract liability balance at April 27, 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.