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Revenue Recognition (Tables)

3 Months Ended

Jul. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

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

						Quarter Ended July 30, 2022																								Quarter Ended July 24, 2021
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Motion Upholstery Furniture						$	225,544					$	135,304					$	30					$	360,878					$	226,612					$	102,504					$	154					$	329,270
Stationary Upholstery Furniture						104,934						59,800						51,212						215,946						91,409						42,365						47,347						181,121
Bedroom Furniture						10,664						1,870						5,008						17,542						11,925						1,985						3,248						17,158
Dining Room Furniture						6,275						3,180						1,509						10,964						6,986						3,249						1,100						11,335
Occasional Furniture						11,067						7,100						1,212						19,379						12,599						6,022						995						19,616
Delivery						56,237						7,054						1,902						65,193						38,829						6,840						1,767						47,436
Other (1)						27,097						21,713						(12,143)						36,667						5,139						18,882						(10,977)						13,044
Total						$	441,818					$	236,021					$	48,730					$	726,569					$	393,499					$	181,847					$	43,634					$	618,980
Eliminations																								(122,478)																								(94,197)
Consolidated Net Sales																								$	604,091																							$	524,783

(1)Primarily includes revenue for advertising, royalties, parts, accessories, after-treatment products, surcharges, discounts and allowances, rebates and other sales incentives.

Contract with Customer, Contract Assets and Contract Liabilities

The following table presents our contract assets and liabilities:

(Unaudited, amounts in thousands)						7/30/2022						4/30/2022
Contract assets						$	108,351					$	139,006
Customer deposits						$	164,474					$	183,233
Deferred revenue						108,351						139,006
Total contract liabilities (1)						$	272,825					$	322,239

(1)During the quarter ended July 30, 2022, we recognized revenue of $192.4 million related to our contract liability balance at April 30, 2022.

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- References

No definition available.

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