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Revenue Recognition | 6 Months Ended
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Oct. 26, 2024
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:
| Three Months Ended October 26, 2024
Commercial |  | Live Events |  | High School Park and Recreation |  | Transportation |  | International |  | Total
Type of performance obligation |  |  |  |  |  |  |  |  |  |  |
Unique configuration | $ | 9,506 |  |  | $ | 57,289 |  |  | $ | 8,284 |  |  | $ | 13,046 |  |  | $ | 4,392 |  |  | $ | 92,517 |
Limited configuration | 27,838 |  |  | 11,640 |  |  | 36,246 |  |  | 6,924 |  |  | 11,455 |  |  | 94,103 |
Service and other | 6,095 |  |  | 8,278 |  |  | 3,541 |  |  | 1,508 |  |  | 2,289 |  |  | 21,711 |
| $ | 43,439 |  |  | $ | 77,207 |  |  | $ | 48,071 |  |  | $ | 21,478 |  |  | $ | 18,136 |  |  | $ | 208,331 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |
Goods/services transferred at a point in time | $ | 30,728 |  |  | $ | 15,167 |  |  | $ | 36,523 |  |  | $ | 7,820 |  |  | $ | 12,919 |  |  | $ | 103,157 |
Goods/services transferred over time | 12,711 |  |  | 62,040 |  |  | 11,548 |  |  | 13,658 |  |  | 5,217 |  |  | 105,174 |
| $ | 43,439 |  |  | $ | 77,207 |  |  | $ | 48,071 |  |  | $ | 21,478 |  |  | $ | 18,136 |  |  | $ | 208,331 |
| Six Months Ended October 26, 2024
Commercial |  | Live Events |  | High School Park and Recreation |  | Transportation |  | International |  | Total
Type of performance obligation |  |  |  |  |  |  |  |  |  |  |
Unique configuration | $ | 11,768 |  |  | $ | 151,607 |  |  | $ | 18,918 |  |  | $ | 27,582 |  |  | $ | 7,006 |  |  | $ | 216,881 |
Limited configuration | 54,138 |  |  | 19,934 |  |  | 71,394 |  |  | 13,533 |  |  | 19,527 |  |  | 178,526 |
Service and other | 11,732 |  |  | 14,274 |  |  | 5,765 |  |  | 2,853 |  |  | 4,388 |  |  | 39,012 |
| $ | 77,638 |  |  | $ | 185,815 |  |  | $ | 96,077 |  |  | $ | 43,968 |  |  | $ | 30,921 |  |  | $ | 434,419 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |
Goods/services transferred at a point in time | $ | 60,241 |  |  | $ | 25,917 |  |  | $ | 71,902 |  |  | $ | 15,381 |  |  | $ | 22,060 |  |  | $ | 195,501 |
Goods/services transferred over time | 17,397 |  |  | 159,898 |  |  | 24,175 |  |  | 28,587 |  |  | 8,861 |  |  | 238,918 |
| $ | 77,638 |  |  | $ | 185,815 |  |  | $ | 96,077 |  |  | $ | 43,968 |  |  | $ | 30,921 |  |  | $ | 434,419 |
| Three Months Ended October 28, 2023
Commercial |  | Live Events |  | High School Park and Recreation |  | Transportation |  | International |  | Total
Type of performance obligation |  |  |  |  |  |  |  |  |  |  |
Unique configuration | $ | 9,511 |  |  | $ | 47,496 |  |  | $ | 11,539 |  |  | $ | 11,047 |  |  | $ | 9,993 |  |  | $ | 89,586 |
Limited configuration | 28,752 |  |  | 13,771 |  |  | 36,277 |  |  | 8,469 |  |  | 7,302 |  |  | 94,571 |
Service and other | 4,190 |  |  | 6,943 |  |  | 1,126 |  |  | 727 |  |  | 2,226 |  |  | 15,212 |
| $ | 42,453 |  |  | $ | 68,210 |  |  | $ | 48,942 |  |  | $ | 20,243 |  |  | $ | 19,521 |  |  | $ | 199,369 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |
Goods/services transferred at a point in time | $ | 29,379 |  |  | $ | 15,390 |  |  | $ | 34,722 |  |  | $ | 8,592 |  |  | $ | 7,919 |  |  | $ | 96,002 |
Goods/services transferred over time | 13,074 |  |  | 52,820 |  |  | 14,220 |  |  | 11,651 |  |  | 11,602 |  |  | 103,367 |
| $ | 42,453 |  |  | $ | 68,210 |  |  | $ | 48,942 |  |  | $ | 20,243 |  |  | $ | 19,521 |  |  | $ | 199,369 |
| Six Months Ended October 28, 2023
Commercial |  | Live Events |  | High School Park and Recreation |  | Transportation |  | International |  | Total
Type of performance obligation |  |  |  |  |  |  |  |  |  |  |
Unique configuration | $ | 22,429 |  |  | $ | 124,043 |  |  | $ | 26,658 |  |  | $ | 23,631 |  |  | $ | 18,783 |  |  | $ | 215,544 |
Limited configuration | 58,665 |  |  | 23,732 |  |  | 76,614 |  |  | 16,536 |  |  | 12,541 |  |  | 188,088 |
Service and other | 8,242 |  |  | 12,434 |  |  | 1,904 |  |  | 1,445 |  |  | 4,243 |  |  | 28,268 |
| $ | 89,336 |  |  | $ | 160,209 |  |  | $ | 105,176 |  |  | $ | 41,612 |  |  | $ | 35,567 |  |  | $ | 431,900 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |
Goods/services transferred at a point in time | $ | 60,397 |  |  | $ | 26,167 |  |  | $ | 73,803 |  |  | $ | 16,859 |  |  | $ | 13,762 |  |  | $ | 190,988 |
Goods/services transferred over time | 28,939 |  |  | 134,042 |  |  | 31,373 |  |  | 24,753 |  |  | 21,805 |  |  | 240,912 |
| $ | 89,336 |  |  | $ | 160,209 |  |  | $ | 105,176 |  |  | $ | 41,612 |  |  | $ | 35,567 |  |  | $ | 431,900 |
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 customers in excess of revenue recognized to date. The following table reflects the changes in our contract assets and liabilities:
| October 26, 2024 |  | April 27, 2024 |  | Dollar Change |  | Percent Change
Contract assets | $ | 44,955 |  |  | $ | 55,800 |  |  | $ | (10,845) |  |  | (19.4) | %
Contract liabilities - current | 62,458 |  |  | 65,524 |  |  | (3,066) |  |  | (4.7) |
Contract liabilities - noncurrent | 18,330 |  |  | 16,342 |  |  | 1,988 |  |  | 12.2 |
The changes in our contract assets and contract liabilities from April 27, 2024 to October 26, 2024 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 significant impairments of contract assets for the six months ended October 26, 2024. 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 of our condensed consolidated balance sheets. Changes in unearned service-type warranty contracts, net were as follows:
| October 26, 2024
Balance as of April 27, 2024 | $ | 32,159 |
New contracts sold | 26,007 |
Less: reductions for revenue recognized | (21,737) |
Foreign currency translation and other | (142) |
Balance as of October 26, 2024 | $ | 36,287 |
Contracts in progress identified as loss contracts as of October 26, 2024 and April 27, 2024 were immaterial. Loss provisions are recorded in the "Accrued expenses" line item in our condensed consolidated balance sheets. During the six months ended October 26, 2024, we recognized revenue of $52,024 related to our contract liabilities as of April 27, 2024. Remaining performance obligations As of October 26, 2024, the aggregate amount of the transaction price allocated to the remaining performance obligations was $301,525. Remaining performance obligations related to product and service agreements as of October 26, 2024 were $235,982 and $65,543, respectively. We expect approximately $240,423 of our remaining performance obligations to be recognized over the next 12 months, with the remainder recognized thereafter. 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. The amount of revenue recognized associated with performance obligations satisfied in prior years during the six months ended October 26, 2024 and October 28, 2023 was immaterial.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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