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Revenue Recognition (Tables)

3 Months Ended

Jul. 29, 2023

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 29, 2023																								Quarter Ended July 30, 2022
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Upholstered Furniture						$	283,418					$	170,714					$	46,434					$	500,566					$	330,478					$	196,802					$	51,242					$	578,522
Casegoods Furniture						20,376						11,833						4,708						36,917						28,006						12,454						7,728						48,188
Delivery						40,043						8,243						1,902						50,188						56,237						8,016						1,903						66,156
Other (1)						(10,362)						17,453						(12,983)						(5,892)						27,097						18,749						(12,143)						33,703
Total						333,475						208,243						40,061						581,779						441,818						236,021						48,730						726,569
Eliminations																								(100,128)																								(122,478)
Consolidated Net Sales																								$	481,651																							$	604,091

(1)Primarily includes discounts and allowances, revenue for advertising, royalties, parts, accessories, after-treatment products, surcharges, rebates and other sales incentives. In fiscal 2024, certain amounts that were previously charged as surcharges in fiscal 2023 are now included in the base product pricing and reflected in the amounts by product category.

Contract with Customer, Contract Assets and Contract Liabilities

The following table presents our contract assets and liabilities:

(Unaudited, amounts in thousands)						7/29/2023						4/29/2023
Contract assets						$	41,604					$	44,939
Customer deposits						$	97,172					$	105,766
Deferred revenue						41,604						44,939
Total contract liabilities (1)						$	138,776					$	150,705

(1)During the quarter ended July 29, 2023, we recognized revenue of $126.0 million related to our contract liability balance at April 29, 2023.

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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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X

- 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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