XML 45 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Revenue Recognition (Tables)

3 Months Ended

Jul. 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 July 27, 2024																								Quarter Ended July 29, 2023
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Upholstered Furniture						$	281,180					$	166,875					$	27,876					$	475,931					$	260,373					$	170,714					$	28,690					$	459,777
Casegoods Furniture						16,088						11,375						3,119						30,582						19,253						11,833						2,910						33,996
Delivery						38,513						7,382						2,068						47,963						40,043						7,571						1,902						49,516
Other (1)						15,119						16,738						5,645						37,502						13,806						18,125						6,559						38,490
Total						$	350,900					$	202,370					$	38,708					$	591,978					$	333,475					$	208,243					$	40,061					$	581,779
Eliminations																								(96,446)																								(100,128)
Consolidated Net Sales																								$	495,532																							$	481,651

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

Schedule of Contract with Customer, Contract Assets and Contract Liabilities

The following table presents our contract assets and liabilities:

(Unaudited, amounts in thousands)						7/27/2024						4/27/2024
Contract assets						$	36,198					$	35,518
Customer deposits						$	96,877					$	88,798
Deferred revenue						36,198						35,518
Total contract liabilities (1)						$	133,075					$	124,316

(1)During the quarter ended July 27, 2024, we recognized revenue of $109.9 million related to our contract liability balance at April 27, 2024.

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

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration