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Revenue Recognition | 12 Months Ended
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Apr. 27, 2024
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition The following table presents our revenue disaggregated by product category and by segment or unit:
|  | Year Ended April 27, 2024
(Amounts in thousands) |  | Wholesale |  | Retail |  | Corporate and Other |  | Total
Upholstered Furniture |  | $ | 1,143,354 |  |  | $ | 698,782 |  |  | $ | 113,059 |  |  | $ | 1,955,195 |
Casegoods Furniture |  | 73,960 |  |  | 47,651 |  |  | 9,777 |  |  | 131,388 |
Delivery |  | 166,243 |  |  | 32,076 |  |  | 7,291 |  |  | 205,610 |
Other (1) |  | 63,721 |  |  | 76,617 |  |  | 23,642 |  |  | 163,980 |
Total |  | $ | 1,447,278 |  |  | $ | 855,126 |  |  | $ | 153,769 |  |  | $ | 2,456,173 |
|  |  |  | Eliminations |  |  |  | (409,146) |
|  | Consolidated Net Sales |  |  |  | $ | 2,047,027 |
|  | Year Ended April 29, 2023
(Amounts in thousands) |  | Wholesale |  | Retail |  | Corporate and Other |  | Total
Upholstered Furniture |  | $ | 1,251,762 |  |  | $ | 811,956 |  |  | $ | 110,938 |  |  | $ | 2,174,656 |
Casegoods Furniture |  | 106,001 |  |  | 58,455 |  |  | 15,223 |  |  | 179,679 |
Delivery |  | 210,963 |  |  | 29,403 |  |  | 7,651 |  |  | 248,017 |
Other (1) |  | 121,522 |  |  | 82,229 |  |  | 32,378 |  |  | 236,129 |
Total |  | $ | 1,690,248 |  |  | $ | 982,043 |  |  | $ | 166,190 |  |  | $ | 2,838,481 |
|  |  |  | Eliminations |  |  |  | (489,048) |
|  | Consolidated Net Sales |  |  |  | $ | 2,349,433 |
(1)Primarily includes 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. Upholstered Furniture - Includes revenue for upholstered furniture, such as recliners, sofas, loveseats, chairs, sectionals, modulars, and ottomans. This 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. Casegoods Furniture - Includes revenue for casegoods furniture typically found in a bedroom, such as beds, chests, dressers, nightstands and benches; furniture typically found in the dining room, such as dining tables, storage units, and stools; and furniture typically found throughout the home, such as cocktail tables, chairsides, sofa tables, end tables, and entertainment centers. This 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) |  | 4/27/2024 |  | 4/29/2023
Contract assets |  | $ | 35,518 |  |  | $ | 44,939 |
Customer deposits |  | $ | 88,798 |  |  | $ | 105,766 |
Deferred revenue |  | 35,518 |  |  | 44,939 |
Total contract liabilities (1) |  | $ | 124,316 |  |  | $ | 150,705 |
(1)During the year ended April 27, 2024, we recognized revenue of $139.0 million related to our contract liability balance at April 29, 2023. Contract assets, customer deposits, and deferred revenue decreased during fiscal 2024 primarily due to a reduction in backlog

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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