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Revenue Recognition (Tables)

6 Months Ended

Oct. 26, 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 October 26, 2024																								Quarter Ended October 28, 2023
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Upholstered Furniture						$	287,105					$	179,772					$	32,387					$	499,264					$	287,016					$	172,989					$	26,101					$	486,106
Casegoods Furniture						19,962						12,503						2,401						34,866						18,970						12,942						2,582						34,494
Delivery						40,306						8,093						2,208						50,607						43,655						7,987						1,755						53,397
Other (1)						16,524						21,196						5,091						42,811						15,326						20,391						5,794						41,511
Total						$	363,897					$	221,564					$	42,087					$	627,548					$	364,967					$	214,309					$	36,232					$	615,508
Eliminations																								(106,521)																								(104,073)
Consolidated Net Sales																								$	521,027																							$	511,435
						Six Months Ended October 26, 2024																								Six Months Ended October 28, 2023
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Upholstered Furniture						$	568,285					$	346,647					$	60,263					$	975,195					$	547,389					$	343,703					$	54,791					$	945,883
Casegoods Furniture						36,050						23,878						5,520						65,448						38,223						24,775						5,492						68,490
Delivery						78,819						15,475						4,276						98,570						83,698						15,558						3,657						102,913
Other (1)						31,643						37,934						10,736						80,313						29,132						38,516						12,353						80,001
Total						$	714,797					$	423,934					$	80,795					$	1,219,526					$	698,442					$	422,552					$	76,293					$	1,197,287
Eliminations																								(202,967)																								(204,201)
Consolidated Net Sales																								$	1,016,559																							$	993,086

(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)						10/26/2024						4/27/2024
Contract assets						$	34,672					$	35,518
Customer deposits						$	85,918					$	88,798
Deferred revenue						34,672						35,518
Total contract liabilities (1)						$	120,590					$	124,316

(1)During the six months ended October 26, 2024, we recognized revenue of $115.6 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

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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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No definition available.

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