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Revenue Recognition
 3 Months Ended
Jul. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of revenue
The following table presents our disaggregation of revenue by segments:
Three Months Ended July 30, 2022
CommercialLive Events
High School
Park and Recreation
TransportationInternationalTotal
Type of performance obligation
Unique configuration$4,687 $42,168 $6,592 $12,486 $6,501 $72,434 
Limited configuration31,776 8,480 28,283 6,099 11,501 86,139 
Service and other3,655 5,735 934 955 2,068 13,347 
$40,118 $56,383 $35,809 $19,540 $20,070 $171,920 
Timing of revenue recognition
Goods/services transferred at a point in time$32,557 $9,222 $27,090 $6,382 $11,876 $87,127 
Goods/services transferred over time7,561 47,161 8,719 13,158 8,194 84,793 
$40,118 $56,383 $35,809 $19,540 $20,070 $171,920 
Three Months Ended July 31, 2021
CommercialLive Events
High School
Park and Recreation
TransportationInternationalTotal
Type of performance obligation
Unique configuration$3,587 $41,508 $4,166 $6,541 $5,883 $61,685 
Limited configuration25,907 5,842 22,957 5,352 11,545 71,603 
Service and other3,287 5,037 771 665 1,684 11,444 
$32,781 $52,387 $27,894 $12,558 $19,112 $144,732 
Timing of revenue recognition
Goods/services transferred at a point in time$26,379 $6,829 $21,941 $5,571 $12,019 $72,739 
Goods/services transferred over time6,402 45,558 5,953 6,987 7,093 71,993 
$32,781 $52,387 $27,894 $12,558 $19,112 $144,732 
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 customers in excess of revenue recognized to date.
The following table reflects the changes in our contract assets and liabilities:
July 30,
2022		April 30,
2022		Dollar
Change		Percent
Change
Contract assets$45,204 $41,687 $3,517 8.4 %
Contract liabilities - current96,404 90,393 6,011 6.6 
Contract liabilities - noncurrent11,764 10,998 766 7.0 
The changes in our contract assets and contract liabilities from April 30, 2022 to July 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 impairments of contract assets for the three months ended July 30, 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:
July 30,
2022
Balance at beginning of period$26,346 
New contracts sold13,007 
Less: reductions for revenue recognized(10,109)
Foreign currency translation and other(433)
Balance at end of period$28,811 
Contracts in progress identified as loss contracts as of July 30, 2022 were $839 and as of April 30, 2022 were immaterial. Loss provisions are recorded in the "Accrued expenses" line item in our condensed consolidated balance sheets.
During the three months ended July 30, 2022, we recognized revenue of $46,041 related to our contract liabilities as of April 30, 2022.
Remaining performance obligations
As of July 30, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligations was $530,457. We expect approximately $462,516 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 July 30, 2022 were $469,126 and $61,331, 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.