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Revenue from Contracts with Customers | 3 Months Ended
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Aug. 31, 2019
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customer | Revenue from Contracts with Customers Disaggregated Revenue Revenue disaggregated by contract type has been provided in the table below:
| Three Months Ended
(In millions) | August 31, 2019 |  | September 1, 2018
Net Sales: |  |  |
Single performance obligation |  |  |
Product revenue | $ | 566.2 |  |  | $ | 535.2 |
Multiple performance obligations |  |  |
Product revenue | 99.9 |  |  | 84.8 |
Service revenue | 2.3 |  |  | 2.7 |
Other | 2.5 |  |  | 1.9 |
Total | $ | 670.9 |  |  | $ | 624.6 |
Revenue disaggregated by product type and reportable segment has been provided in the table below:
| Three Months Ended
(In millions) | August 31, 2019 |  | September 1, 2018
North America Contract: |  |  |
Systems | $ | 147.3 |  |  | $ | 146.1 |
Seating | 130.2 |  |  | 125.6 |
Freestanding and storage | 112.3 |  |  | 87.6 |
Textiles | 29.8 |  |  | 28.8 |
Other | 38.8 |  |  | 32.9 |
Total North America Contract | $ | 458.4 |  |  | $ | 421.0 |
International Contract: |  |  |
Systems | $ | 24.0 |  |  | $ | 22.8 |
Seating | 61.2 |  |  | 68.7 |
Freestanding and storage | 14.7 |  |  | 10.4 |
Other | 14.0 |  |  | 13.5 |
Total International Contract | $ | 113.9 |  |  | $ | 115.4 |
Retail: |  |  |
Seating | $ | 60.7 |  |  | $ | 53.7 |
Freestanding and storage | 17.0 |  |  | 17.2 |
Other | 20.9 |  |  | 17.3 |
Total Retail | $ | 98.6 |  |  | $ | 88.2 |
Total | $ | 670.9 |  |  | $ | 624.6 |
Refer to Note 16 of the Condensed Consolidated Financial Statements for further information related to our reportable segments. Contract Assets and Contract Liabilities The Company records contract assets and contract liabilities related to its revenue generating activities. Contract assets include certain receivables from customers that are unconditional as all performance obligations with respect to the contract with the customer have been completed. These amounts represent trade receivables and they are recorded within the caption “Accounts and notes receivable, net” in the Condensed Consolidated Balance Sheets. Contract assets also include amounts that are conditional because certain performance obligations in the contract with the customer are incomplete as of the balance sheet date. These contract assets generally arise due to contracts with the customer that include multiple performance obligations, both the product that is shipped to the customer by the Company, as well as installation services provided by independent third-party dealers. For these contracts, the Company recognizes revenue upon satisfaction of the product performance obligation. These contract assets are included in the caption "Unbilled accounts receivable" in the Condensed Consolidated Balance Sheets until all performance obligations in the contract with the customer have been satisfied. Contract liabilities represent deposits made by customers before the satisfaction of performance obligation and recognition of revenue. Upon completion of the performance obligation(s) that the Company has with the customer based on the terms of the contract, the liability for the customer deposit is relieved and revenue is recognized. These customer deposits are included within the caption “Customer deposits” in the Condensed Consolidated Balance Sheets. During the three months ended August 31, 2019, the Company recognized Net sales of $19.2 million related to customer deposits that were included in the balance sheet as of June 1, 2019.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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