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Revenue Recognition (Tables)

9 Months Ended

Jan. 27, 2024

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 January 27, 2024																								Quarter Ended January 28, 2023
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Upholstered Furniture						$	300,568					$	168,473					$	46,187					$	515,228					$	322,461					$	206,959					$	35,253					$	564,673
Casegoods Furniture						19,483						11,021						3,677						34,181						28,330						16,804						5,021						50,155
Delivery						39,633						8,430						1,773						49,836						50,008						8,105						1,654						59,767
Other (1)						(3,309)						16,772						(13,505)						(42)						6,804						19,289						(8,418)						17,675
Total						$	356,375					$	204,696					$	38,132					$	599,203					$	407,603					$	251,157					$	33,510					$	692,270
Eliminations																								(98,797)																								(119,547)
Consolidated Net Sales																								$	500,406																							$	572,723
						Nine Months Ended January 27, 2024																								Nine Months Ended January 28, 2023
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Upholstered Furniture						$	898,757					$	512,176					$	135,617					$	1,546,550					$	990,936					$	610,989					$	132,933					$	1,734,858
Casegoods Furniture						60,211						35,796						12,633						108,640						86,881						44,677						19,290						150,848
Delivery						123,331						25,542						5,430						154,303						162,783						24,293						5,657						192,733
Other (1)						(27,482)						53,734						(39,255)						(13,003)						55,052						59,371						(32,003)						82,420
Total						$	1,054,817					$	627,248					$	114,425					$	1,796,490					$	1,295,652					$	739,330					$	125,877					$	2,160,859
Eliminations																								(302,998)																								(372,713)
Consolidated Net Sales																								$	1,493,492																							$	1,788,146

(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)						1/27/2024						4/29/2023
Contract assets						$	43,259					$	44,939
Customer deposits						$	102,438					$	105,766
Deferred revenue						43,259						44,939
Total contract liabilities (1)						$	145,697					$	150,705

(1)During the nine months ended January 27, 2024, we recognized revenue of $138.8 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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