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Revenue Recognition
 9 Months Ended
Jan. 25, 2025
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 determined 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 January 25, 2025
CommercialLive Events
High School
Park and Recreation
TransportationInternationalTotal
Type of performance obligation
Unique configuration$7,361 $29,934 $5,970 $11,228 $7,494 $61,987 
Limited configuration24,997 8,227 20,534 5,974 7,909 67,641 
Service and other5,618 7,911 2,863 1,587 1,900 19,879 
$37,976 $46,072 $29,367 $18,789 $17,303 $149,507 
Timing of revenue recognition
Goods/services transferred at a point in time$27,229 $11,184 $20,384 $6,921 $8,599 $74,317 
Goods/services transferred over time10,747 34,888 8,983 11,868 8,704 75,190 
$37,976 $46,072 $29,367 $18,789 $17,303 $149,507 
Nine Months Ended January 25, 2025
CommercialLive Events
High School
Park and Recreation
TransportationInternationalTotal
Type of performance obligation
Unique configuration$19,129 $181,541 $24,888 $38,810 $14,500 $278,868 
Limited configuration79,135 28,161 91,928 19,507 27,436 246,167 
Service and other17,350 22,185 8,628 4,440 6,288 58,891 
$115,614 $231,887 $125,444 $62,757 $48,224 $583,926 
Timing of revenue recognition
Goods/services transferred at a point in time$87,470 $37,101 $92,286 $22,302 $30,659 $269,818 
Goods/services transferred over time28,144 194,786 33,158 40,455 17,565 314,108 
$115,614 $231,887 $125,444 $62,757 $48,224 $583,926 
Three Months Ended January 27, 2024
CommercialLive Events
High School
Park and Recreation
TransportationInternationalTotal
Type of performance obligation
Unique configuration$5,802 $57,229 $5,021 $12,116 $6,508 $86,676 
Limited configuration22,157 8,395 20,900 5,646 6,702 63,800 
Service and other5,333 7,769 2,843 1,843 2,039 19,827 
$33,292 $73,393 $28,764 $19,605 $15,249 $170,303 
Timing of revenue recognition
Goods/services transferred at a point in time$24,361 $11,006 $20,819 $6,874 $7,473 $70,533 
Goods/services transferred over time8,931 62,387 7,945 12,731 7,776 99,770 
$33,292 $73,393 $28,764 $19,605 $15,249 $170,303 
Nine Months Ended January 27, 2024
CommercialLive Events
High School
Park and Recreation
TransportationInternationalTotal
Type of performance obligation
Unique configuration$28,231 $181,272 $31,679 $35,747 $25,291 $302,220 
Limited configuration80,822 32,127 97,514 22,182 19,243 251,888 
Service and other13,575 20,203 4,747 3,288 6,282 48,095 
$122,628 $233,602 $133,940 $61,217 $50,816 $602,203 
Timing of revenue recognition
Goods/services transferred at a point in time$84,758 $37,173 $94,622 $23,733 $21,235 $261,521 
Goods/services transferred over time37,870 196,429 39,318 37,484 29,581 340,682 
$122,628 $233,602 $133,940 $61,217 $50,816 $602,203 
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:
January 25,
2025		April 27,
2024		Dollar
Change		Percent
Change
Contract assets$39,867 $55,800 $(15,933)(28.6)%
Contract liabilities - current65,977 65,524 453 0.7 
Contract liabilities - noncurrent18,056 16,342 1,714 10.5 
The changes in our contract assets and contract liabilities from April 27, 2024 to January 25, 2025 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 nine months ended January 25, 2025.
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 for the nine months ended January 25, 2025 were as follows:
January 25,
2025
Balance as of April 27, 2024$32,159 
New contracts sold41,295 
Less: reductions for revenue recognized(37,687)
Foreign currency translation and other(91)
Balance as of January 25, 2025$35,676 
Contracts in progress identified as loss contracts as of January 25, 2025 and April 27, 2024 were immaterial. Loss provisions are recorded in the "Accrued expenses" line item in our Condensed Consolidated Balance Sheets.
During the nine months ended January 25, 2025, we recognized revenue of $58,407 related to our contract liabilities as of April 27, 2024.
Remaining performance obligations
As of January 25, 2025, the aggregate amount of the transaction price allocated to the remaining performance obligations was $338,339. Remaining performance obligations related to product and service agreements as of January 25, 2025 were $273,223 and $65,116, respectively. We expect approximately $285,680 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 nine months ended January 25, 2025 and January 27, 2024 was immaterial.