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Revenue Recognition (Tables)

6 Months Ended

Oct. 28, 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 October 28, 2023																								Quarter Ended October 29, 2022
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Upholstered Furniture						$	314,771					$	172,989					$	42,996					$	530,756					$	337,997					$	207,228					$	46,438					$	591,663
Casegoods Furniture						20,352						12,942						4,248						37,542						30,545						15,419						6,541						52,505
Delivery						43,655						8,869						1,755						54,279						56,538						8,172						2,100						66,810
Other (1)						(13,811)						19,509						(12,767)						(7,069)						21,151						21,333						(11,442)						31,042
Total						$	364,967					$	214,309					$	36,232					$	615,508					$	446,231					$	252,152					$	43,637					$	742,020
Eliminations																								(104,073)																								(130,688)
Consolidated Net Sales																								$	511,435																							$	611,332
						Six Months Ended October 28, 2023																								Six Months Ended October 29, 2022
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Upholstered Furniture						$	598,189					$	343,703					$	89,430					$	1,031,322					$	668,475					$	404,030					$	97,680					$	1,170,185
Casegoods Furniture						40,728						24,775						8,956						74,459						58,551						27,873						14,269						100,693
Delivery						83,698						17,112						3,657						104,467						112,775						16,188						4,003						132,966
Other (1)						(24,173)						36,962						(25,750)						(12,961)						48,248						40,082						(23,585)						64,745
Total						$	698,442					$	422,552					$	76,293					$	1,197,287					$	888,049					$	488,173					$	92,367					$	1,468,589
Eliminations																								(204,201)																								(253,166)
Consolidated Net Sales																								$	993,086																							$	1,215,423

(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)						10/28/2023						4/29/2023
Contract assets						$	35,206					$	44,939
Customer deposits						$	93,221					$	105,766
Deferred revenue						35,206						44,939
Total contract liabilities (1)						$	128,427					$	150,705

(1)During the six months ended October 28, 2023, we recognized revenue of $137.4 million related to our contract liability balance at April 29, 2023.

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- 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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