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Revenue Recognition
 12 Months Ended
Apr. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition 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:
Fiscal Year 2022
CommercialLive EventsHigh School Park and
Recreation		TransportationInternationalTotal
Type of performance obligation
Unique configuration$20,849 $144,095 $20,175 $38,843 $32,658 $256,620 
Limited configuration118,308 30,181 88,162 21,370 43,029 301,050 
Service and other15,054 24,830 3,479 2,494 7,443 53,300 
$154,211 $199,106 $111,816 $62,707 $83,130 $610,970 
Timing of revenue recognition
Goods/services transferred at a point in time$120,776 $37,229 $82,678 $22,088 $45,036 $307,807 
Goods/services transferred over time33,435 161,877 29,138 40,619 38,094 303,163 
$154,211 $199,106 $111,816 $62,707 $83,130 $610,970 
Fiscal Year 2021
CommercialLive EventsHigh School Park and
Recreation		TransportationInternationalTotal
Type of performance obligation
Unique configuration$16,535 $104,682 $22,258 $36,398 $22,266 $202,139 
Limited configuration96,420 18,679 66,697 19,690 32,583 234,069 
Service and other14,345 19,688 2,602 2,196 6,994 45,825 
$127,300 $143,049 $91,557 $58,284 $61,843 $482,033 
Timing of revenue recognition
Goods/services transferred at a point in time$98,243 $23,906 $60,859 $20,180 $34,388 $237,576 
Goods/services transferred over time29,057 119,143 30,698 38,104 27,455 244,457 
$127,300 $143,049 $91,557 $58,284 $61,843 $482,033 
Fiscal Year 2020
CommercialLive EventsHigh School Park and
Recreation		TransportationInternationalTotal
Type of performance obligation
Unique configuration$35,212 $140,044 $19,176 $43,519 $40,454 $278,405 
Limited configuration102,847 31,897 74,266 24,588 45,626 279,224 
Service and other14,568 24,650 2,972 2,032 7,081 51,303 
$152,627 $196,591 $96,414 $70,139 $93,161 $608,932 
Timing of revenue recognition
Goods/services transferred at a point in time$105,096 $39,521 $68,582 $25,157 $47,345 $285,701 
Goods/services transferred over time47,531 157,070 27,832 44,982 45,816 323,231 
$152,627 $196,591 $96,414 $70,139 $93,161 $608,932 
See "Note 3. 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 balances and changes in our contract assets and liabilities:
April 30, 2022May 1, 2021
Contract assets$41,687 $32,799 
Contract liabilities - current90,393 64,495 
Contract liabilities - non-current10,998 10,720 
The changes in our contract assets and contract liabilities from May 1, 2021 to April 30, 2022 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 fiscal 2022.
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". Changes in unearned service-type warranty contracts, net were as follows:
April 30, 2022May 1, 2021
Balance at beginning of year$24,590 $24,490 
New contracts sold42,619 35,623 
Less: reductions for revenue recognized(40,614)(36,723)
Foreign currency translation and other(249)1,200 
Balance at end of year$26,346 $24,590 
As of April 30, 2022 and May 1, 2021, 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 consolidated balance sheets.
During fiscal 2022, we recognized revenue of $53,241 related to our contract liabilities as of May 1, 2021.
Remaining performance obligations
As of April 30, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligations was $533,340. We expect approximately $452,289 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 April 30, 2022 are $471,589 and $61,751, 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.