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Revenue Recognition
 9 Months Ended
Jan. 22, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Our revenue is primarily derived from product sales. We report product sales net of discounts and recognize them when control (rights and obligations associated with the product) passes to the customer. For sales to furniture retailers or distributors, control typically transfers when we ship the product. In cases where we sell directly to the end consumer, control of the product is generally transferred upon delivery.

For shipping and handling activities, we have elected to apply the accounting policy election permitted in ASC 606-10-25-18B, which allows an entity to account for shipping and handling activities as fulfillment activities (rather than as a promised good or service) when the activities are performed even if those activities are performed after the control of the good has been transferred. We expense shipping and handling costs at the time we recognize revenue in accordance with this election.

For sales tax, we have elected to apply the accounting policy election permitted in ASC 606-10-32-2A, which allows an entity to exclude from the measurement of the transaction price all taxes imposed on and concurrent with a specific revenue-producing transaction and collected by the entity from a customer, including sales, use, excise, value-added, and franchise taxes (collectively referred to as sales taxes). This allows us to present revenue net of these certain types of taxes.

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

Quarter Ended January 22, 2022Quarter Ended January 23, 2021
(Unaudited, amounts in thousands)WholesaleRetailCorporate
and Other		TotalWholesaleRetailCorporate
and Other		Total
Motion Upholstery Furniture$238,119 $113,767 $288 $352,174 $205,522 $102,111 $174 $307,807 
Stationary Upholstery Furniture94,216 46,938 55,971 197,125 89,059 30,469 35,728 155,256 
Bedroom Furniture6,723 1,598 3,674 11,995 10,269 1,723 2,622 14,614 
Dining Room Furniture5,562 2,802 1,063 9,427 7,034 3,340 672 11,046 
Occasional Furniture7,396 6,672 1,153 15,221 11,585 6,118 623 18,326 
Delivery45,168 6,342 2,097 53,607 30,021 6,081 1,394 37,496 
Other (1)26,097 18,933 (14,267)30,763 (2,782)16,117 (7,522)5,813 
Total$423,281 $197,052 $49,979 $670,312 $350,708 $165,959 $33,691 $550,358 
Eliminations(98,739)(80,162)
Consolidated Net Sales$571,573 $470,196 
Nine Months Ended January 22, 2022Nine Months Ended January 23, 2021
(Unaudited, amounts in thousands)WholesaleRetailCorporate
and Other		TotalWholesaleRetailCorporate
and Other		Total
Motion Upholstery Furniture$699,433 $326,251 $538 $1,026,222 $538,234 $255,020 $397 $793,651 
Stationary Upholstery Furniture284,318 133,449 153,590 571,357 240,052 79,104 88,225 407,381 
Bedroom Furniture30,030 5,386 10,524 45,940 25,818 4,141 6,149 36,108 
Dining Room Furniture20,941 9,462 3,270 33,673 18,455 7,957 2,173 28,585 
Occasional Furniture31,746 19,659 2,966 54,371 32,236 14,879 2,158 49,273 
Delivery128,318 20,007 5,629 153,954 80,596 15,116 3,498 99,210 
Other (1)61,086 57,105 (37,891)80,300 (18,094)43,154 (18,451)6,609 
Total$1,255,872 $571,319 $138,626 $1,965,817 $917,297 $419,371 $84,149 $1,420,817 
Eliminations(293,572)(206,043)
Consolidated Net Sales$1,672,245 $1,214,774 
(1)Primarily includes revenue for advertising, royalties, parts, accessories, after-treatment products, surcharges, discounts and 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.
Contract Assets and Liabilities. 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 a contract asset and a corresponding deferred revenue liability. In our consolidated balance sheet, customer deposits and deferred revenue (collectively, the "contract liabilities") are reported in accrued expenses and other current liabilities while contract assets are reported as other current assets. The following table presents our contract assets and liabilities:

(Unaudited, amounts in thousands)1/22/20224/24/2021
Contract assets $151,698 $108,460 
Customer deposits$199,874 $180,766 
Deferred revenue151,698 108,460 
Total contract liabilities (1)
$351,572 $289,226 
(1)During the nine months ended January 22, 2022, we recognized revenue of $264.2 million related to our contract liability balance at April 24, 2021.