XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.20.2

Revenue Recognition Revenue Recognition | 3 Months Ended
--- | ---
Aug. 01, 2020
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Note 4. Revenue Recognition Disaggregation of revenue In accordance with ASC 606-10-50, we disaggregate revenue from contracts with customers by the type of performance obligation and the timing of revenue recognition. We determine that disaggregating revenue in these categories achieves the disclosure objective to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors and to enable users of financial statements to understand the relationship to each reportable segment. The following table presents our disaggregation of revenue by segments:
| Three Months Ended August 1, 2020
| Commercial |  | Live Events |  | High School Park and Recreation |  | Transportation |  | International |  | Total
Type of performance obligation |  |  |  |  |  |  |  |  |  |  |
Unique configuration | $ | 8,727 |  |  | $ | 41,975 |  |  | $ | 7,668 |  |  | $ | 7,724 |  |  | $ | 4,012 |  |  | $ | 70,106 |
Limited configuration | 22,555 |  |  | 5,419 |  |  | 20,688 |  |  | 6,266 |  |  | 8,653 |  |  | 63,581 |
Service and other | 3,224 |  |  | 4,080 |  |  | 587 |  |  | 508 |  |  | 1,558 |  |  | 9,957 |
| $ | 34,506 |  |  | $ | 51,474 |  |  | $ | 28,943 |  |  | $ | 14,498 |  |  | $ | 14,223 |  |  | $ | 143,644 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |
Goods/services transferred at a point in time | $ | 22,892 |  |  | $ | 6,214 |  |  | $ | 19,368 |  |  | $ | 6,374 |  |  | $ | 9,179 |  |  | $ | 64,027 |
Goods/services transferred over time | 11,614 |  |  | 45,260 |  |  | 9,575 |  |  | 8,124 |  |  | 5,044 |  |  | 79,617 |
| $ | 34,506 |  |  | $ | 51,474 |  |  | $ | 28,943 |  |  | $ | 14,498 |  |  | $ | 14,223 |  |  | $ | 143,644 |
| Three Months Ended August 3, 2019
| Commercial |  | Live Events |  | High School Park and Recreation |  | Transportation |  | International |  | Total
Type of performance obligation |  |  |  |  |  |  |  |  |  |  |
Unique configuration | $ | 12,965 |  |  | $ | 45,587 |  |  | $ | 6,030 |  |  | $ | 11,897 |  |  | $ | 15,678 |  |  | $ | 92,157 |
Limited configuration | 27,235 |  |  | 7,713 |  |  | 23,800 |  |  | 6,587 |  |  | 9,930 |  |  | 75,265 |
Service and other | 3,835 |  |  | 6,006 |  |  | 635 |  |  | 534 |  |  | 1,824 |  |  | 12,834 |
| $ | 44,035 |  |  | $ | 59,306 |  |  | $ | 30,465 |  |  | $ | 19,018 |  |  | $ | 27,432 |  |  | $ | 180,256 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |
Goods/services transferred at a point in time | $ | 27,703 |  |  | $ | 9,120 |  |  | $ | 22,599 |  |  | $ | 6,697 |  |  | $ | 10,188 |  |  | $ | 76,307 |
Goods/services transferred over time | 16,332 |  |  | 50,186 |  |  | 7,866 |  |  | 12,321 |  |  | 17,244 |  |  | 103,949 |
| $ | 44,035 |  |  | $ | 59,306 |  |  | $ | 30,465 |  |  | $ | 19,018 |  |  | $ | 27,432 |  |  | $ | 180,256 |
See "Note 5. Segment Reporting" for a disaggregation of revenue by geography. Contract balances Contract assets represent revenue recognized in excess of amounts billed and include unbilled receivables. Unbilled receivables, which represent an unconditional right to payment subject only to the passage of time, are reclassified to accounts receivable when they are billed according to the contract terms. Contract liabilities represent amounts billed to the clients in excess of revenue recognized to date. The following table reflects the changes in our contract assets and liabilities:
| August 1, 2020 |  | May 2, 2020 |  | Dollar Change |  | Percent Change
Contract assets | $ | 33,261 |  |  | $ | 35,467 |  |  | $ | (2,206 | ) |  | (6.2 | )%
Contract liabilities - current | 50,159 |  |  | 50,897 |  |  | (738 | ) |  | (1.4 | )
Contract liabilities - noncurrent | 10,715 |  |  | 10,707 |  |  | 8 |  |  | 0.1 |
The changes in our contract assets and contract liabilities from May 2, 2020 to August 1, 2020 were due to the timing of billing schedules and revenue recognition, which can vary significantly depending on the contractual payment terms and the seasonality of the sports markets. We had no material impairments of contract assets for the three months ended August 1, 2020. For service-type warranty contracts, we allocate revenue to this performance obligation, recognize the revenue over time, and recognize costs as incurred. Earned and unearned revenues for these contracts are included in the "Contract assets" and "Contract liabilities" line items in our condensed consolidated balance sheets. Changes in unearned service-type warranty contracts, net were as follows:
|  | August 1, 2020
Balance at beginning of period |  | $ | 24,490 |
New contracts sold |  | 8,188 |
Less: reductions for revenue recognized |  | (9,115 | )
Foreign currency translation and other |  | 250 |
Balance at end of period |  | $ | 23,813 |
As of August 1, 2020 and May 2, 2020, our contracts in progress that were identified as loss contracts were immaterial. For these contracts, the provision for losses are included in the "Accrued expenses" line item in our condensed consolidated balance sheets. During the three months ended August 1, 2020, we recognized revenue of $30,358 related to our contract liabilities as of May 2, 2020. Remaining performance obligations As of August 1, 2020, the aggregate amount of the transaction price allocated to the remaining performance obligations was $245,756. We expect approximately $204,878 of our remaining performance obligations to be recognized over the next 12 months, with the remainder recognized thereafter. Remaining performance obligations related to product and service agreements at August 1, 2020 are $191,717 and $54,039, respectively. Although remaining performance obligations reflect business that is considered to be legally binding, cancellations, deferrals or scope adjustments may occur. Any known project cancellations, revisions to project scope and cost, foreign currency exchange fluctuations and project deferrals are reflected or excluded in the remaining performance obligation balance, as appropriate.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration