XML 24 R12.htm IDEA: XBRL DOCUMENT
v3.20.4

Note 5 - Segment Reporting | 9 Months Ended
--- | ---
Jan. 30, 2021
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 5. Segment Reporting We organize and manage our business by the following five segments which meet the definition of reportable segments under ASC 280-10, Segment Reporting: Commercial, Live Events, High School Park and Recreation, Transportation, and International. These segments are based on the customer type or geography and are the same as our business units. Separate financial information is available and regularly evaluated by our chief operating decision-maker (CODM), who is our president and chief executive officer, in making resource allocation decisions for our segments. Our CODM evaluates segment performance to the GAAP measure of gross profit. We exclude general and administration expense, product design and development expense, non-operating income and expense, and income tax expense (benefit) in the segment analysis. The following table sets forth certain financial information for each of our five reporting segments for the periods indicated:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | January 30, |  |  | February 1, |  |  | January 30, |  |  | February 1, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 30,085 |  |  | $ | 36,880 |  |  | $ | 94,947 |  |  | $ | 120,566 |
Live Events |  |  | 23,330 |  |  |  | 40,571 |  |  |  | 112,626 |  |  |  | 159,196 |
High School Park and Recreation |  |  | 14,644 |  |  |  | 14,775 |  |  |  | 71,165 |  |  |  | 75,433 |
Transportation |  |  | 11,769 |  |  |  | 13,916 |  |  |  | 41,590 |  |  |  | 53,264 |
International |  |  | 14,311 |  |  |  | 21,515 |  |  |  | 44,822 |  |  |  | 74,365 |
Total company net sales |  |  | 94,139 |  |  |  | 127,657 |  |  |  | 365,150 |  |  |  | 482,824 |
Gross profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  | 8,410 |  |  |  | 5,399 |  |  |  | 24,730 |  |  |  | 22,479 |
Live Events |  |  | 4,256 |  |  |  | 7,815 |  |  |  | 20,910 |  |  |  | 32,486 |
High School Park and Recreation |  |  | 6,437 |  |  |  | 3,184 |  |  |  | 25,410 |  |  |  | 22,595 |
Transportation |  |  | 3,845 |  |  |  | 4,316 |  |  |  | 14,300 |  |  |  | 18,073 |
International |  |  | 993 |  |  |  | 3,768 |  |  |  | 7,666 |  |  |  | 14,441 |
|  |  | 23,941 |  |  |  | 24,482 |  |  |  | 93,016 |  |  |  | 110,074 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling |  |  | 12,004 |  |  |  | 16,552 |  |  |  | 36,214 |  |  |  | 51,026 |
General and administrative |  |  | 6,389 |  |  |  | 8,640 |  |  |  | 20,777 |  |  |  | 26,698 |
Product design and development |  |  | 5,784 |  |  |  | 8,442 |  |  |  | 20,053 |  |  |  | 29,063 |
|  |  | 24,177 |  |  |  | 33,634 |  |  |  | 77,044 |  |  |  | 106,787 |
Operating (loss) income |  |  | (236 | ) |  |  | (9,152 | ) |  |  | 15,972 |  |  |  | 3,287 |
Nonoperating income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 52 |  |  |  | 233 |  |  |  | 203 |  |  |  | 664 |
Interest expense |  |  | (92 | ) |  |  | 13 |  |  |  | (249 | ) |  |  | (53 | )
Other (expense) income, net |  |  | (913 | ) |  |  | (331 | ) |  |  | (2,377 | ) |  |  | (652 | )
(Loss) income before income taxes |  | $ | (1,189 | ) |  | $ | (9,237 | ) |  | $ | 13,549 |  |  | $ | 3,246 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 760 |  |  | $ | 930 |  |  | $ | 2,253 |  |  | $ | 2,799 |
Live Events |  |  | 1,436 |  |  |  | 1,395 |  |  |  | 4,311 |  |  |  | 4,187 |
High School Park and Recreation |  |  | 464 |  |  |  | 501 |  |  |  | 1,452 |  |  |  | 1,520 |
Transportation |  |  | 233 |  |  |  | 255 |  |  |  | 704 |  |  |  | 771 |
International |  |  | 738 |  |  |  | 646 |  |  |  | 2,132 |  |  |  | 1,733 |
Unallocated corporate depreciation |  |  | 653 |  |  |  | 746 |  |  |  | 1,996 |  |  |  | 2,187 |
|  | $ | 4,284 |  |  | $ | 4,473 |  |  | $ | 12,848 |  |  | $ | 13,197 |
No single geographic area comprises a material amount of our net sales or property and equipment, net of accumulated depreciation, other than the United States. The following table presents information about net sales and property and equipment, net of accumulated depreciation, in the United States and elsewhere:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | January 30, |  |  | February 1, |  |  | January 30, |  |  | February 1, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 78,152 |  |  | $ | 103,347 |  |  | $ | 314,674 |  |  | $ | 399,913 |
Outside United States |  |  | 15,987 |  |  |  | 24,310 |  |  |  | 50,476 |  |  |  | 82,911 |
|  | $ | 94,139 |  |  | $ | 127,657 |  |  | $ | 365,150 |  |  | $ | 482,824 |
|  | January 30, |  |  | May 2, |
|  | 2021 |  |  | 2020 |
Property and equipment, net of accumulated depreciation: |  |  |  |  |  |  |  |
United States |  | $ | 52,657 |  |  | $ | 58,422 |
Outside United States |  |  | 9,148 |  |  |  | 9,062 |
|  | $ | 61,805 |  |  | $ | 67,484 |
We have numerous customers worldwide for sales of our products and services, and no customer accounted for 10 percent or more of net sales; therefore, we are not economically dependent on a limited number of customers for the sale of our products and services. We have numerous raw material and component suppliers, and no supplier accounts for 10 percent or more of our cost of sales; however, we have a number of single-source suppliers that could limit our supply or cause delays in obtaining raw material and components needed in manufacturing.

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration