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Revenue Recognition (Tables)

9 Months Ended

Jan. 25, 2025

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 25, 2025																								Quarter Ended January 27, 2024
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Upholstered Furniture						$	284,175					$	183,076					$	31,564					$	498,815					$	279,959					$	168,473					$	28,049					$	476,481
Casegoods Furniture						18,316						13,275						1,932						33,523						17,955						11,021						2,231						31,207
Delivery						42,148						8,683						2,030						52,861						39,633						7,772						1,773						49,178
Other (1)						18,359						22,633						5,136						46,128						18,828						17,430						6,079						42,337
Total						$	362,998					$	227,667					$	40,662					$	631,327					$	356,375					$	204,696					$	38,132					$	599,203
Eliminations																								(109,550)																								(98,797)
Consolidated Net Sales																								$	521,777																							$	500,406
						Nine Months Ended January 25, 2025																								Nine Months Ended January 27, 2024
(Unaudited, amounts in thousands)						Wholesale						Retail						Corporate and Other						Total						Wholesale						Retail						Corporate and Other						Total
Upholstered Furniture						$	852,460					$	529,723					$	91,827					$	1,474,010					$	827,348					$	512,176					$	82,840					$	1,422,364
Casegoods Furniture						54,366						37,153						7,452						98,971						56,178						35,796						7,723						99,697
Delivery						120,967						24,158						6,306						151,431						123,331						23,330						5,430						152,091
Other (1)						50,002						60,567						15,872						126,441						47,960						55,946						18,432						122,338
Total						$	1,077,795					$	651,601					$	121,457					$	1,850,853					$	1,054,817					$	627,248					$	114,425					$	1,796,490
Eliminations																								(312,517)																								(302,998)
Consolidated Net Sales																								$	1,538,336																							$	1,493,492

(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)						1/25/2025						4/27/2024
Contract assets						$	41,859					$	35,518
Customer deposits						$	101,966					$	88,798
Deferred revenue						41,859						35,518
Total contract liabilities (1)						$	143,825					$	124,316

(1)During the nine months ended January 25, 2025, we recognized revenue of $116.5 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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