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Revenue Recognition | 6 Months Ended
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Nov. 01, 2025
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition Disaggregation of revenue In accordance with ASC 606-10-50, Revenue from Contracts with Customers, we disaggregate revenue based on the nature of the performance obligations and the timing of revenue recognition. This approach is intended to meet the disclosure objective of depicting how the nature, amount, timing, and uncertainty of revenue and cash flows are influenced by economic factors. It also enables users of the financial statements to understand the relationship between revenue streams and each of our reportable segments. The following table presents our disaggregated revenue by segment:
| Three Months Ended November 1, 2025
Commercial |  | Live Events |  | High School Park and Recreation |  | Transportation |  | International |  | Total
Type of performance obligation |  |  |  |  |  |  |  |  |  |  |
Unique configuration | $ | 5,968 |  |  | $ | 62,495 |  |  | $ | 4,631 |  |  | $ | 8,139 |  |  | $ | 9,719 |  |  | $ | 90,952 |
Limited configuration | 39,196 |  |  | 10,162 |  |  | 37,614 |  |  | 11,068 |  |  | 17,975 |  |  | 116,015 |
Service and other | 5,588 |  |  | 8,824 |  |  | 3,722 |  |  | 2,067 |  |  | 2,085 |  |  | 22,286 |
| $ | 50,752 |  |  | $ | 81,481 |  |  | $ | 45,967 |  |  | $ | 21,274 |  |  | $ | 29,779 |  |  | $ | 229,253 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |
Goods/services transferred at a point in time | $ | 41,936 |  |  | $ | 14,027 |  |  | $ | 37,858 |  |  | $ | 12,386 |  |  | $ | 18,625 |  |  | $ | 124,832 |
Goods/services transferred over time | 8,816 |  |  | 67,454 |  |  | 8,109 |  |  | 8,888 |  |  | 11,154 |  |  | 104,421 |
| $ | 50,752 |  |  | $ | 81,481 |  |  | $ | 45,967 |  |  | $ | 21,274 |  |  | $ | 29,779 |  |  | $ | 229,253 |
| Six Months Ended November 1, 2025
Commercial |  | Live Events |  | High School Park and Recreation |  | Transportation |  | International |  | Total
Type of performance obligation |  |  |  |  |  |  |  |  |  |  |
Unique configuration | $ | 14,882 |  |  | $ | 125,758 |  |  | $ | 19,528 |  |  | $ | 17,637 |  |  | $ | 16,327 |  |  | $ | 194,132 |
Limited configuration | 70,438 |  |  | 19,556 |  |  | 79,525 |  |  | 15,458 |  |  | 26,033 |  |  | 211,010 |
Service and other | 11,599 |  |  | 15,967 |  |  | 6,261 |  |  | 4,754 |  |  | 4,502 |  |  | 43,083 |
| $ | 96,919 |  |  | $ | 161,281 |  |  | $ | 105,314 |  |  | $ | 37,849 |  |  | $ | 46,862 |  |  | $ | 448,225 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |
Goods/services transferred at a point in time | $ | 76,005 |  |  | $ | 25,707 |  |  | $ | 79,652 |  |  | $ | 18,527 |  |  | $ | 27,528 |  |  | $ | 227,419 |
Goods/services transferred over time | 20,914 |  |  | 135,574 |  |  | 25,662 |  |  | 19,322 |  |  | 19,334 |  |  | 220,806 |
| $ | 96,919 |  |  | $ | 161,281 |  |  | $ | 105,314 |  |  | $ | 37,849 |  |  | $ | 46,862 |  |  | $ | 448,225 |
| 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 |
See "Note 5. Segment Reporting" for a disaggregation of revenue by geography. Contract balances Contract assets represent revenue recognized for performance obligations satisfied but not yet billed and include unbilled receivables. Unbilled receivables reflect an unconditional right to payment that is subject only to the passage of time and are reclassified to accounts receivable once billed in accordance with contractual terms. Contract liabilities represent amounts billed to customers in excess of revenue recognized to date and are recognized as revenue when the related performance obligations are satisfied. The following table summarizes the changes in our contract assets and contract liabilities for the periods presented:
| November 1, 2025 |  | April 26, 2025 |  | Dollar Change |  | Percent Change
Contract assets | $ | 34,602 |  |  | $ | 41,169 |  |  | $ | (6,567) |  |  | (16.0) | %
Contract liabilities - current | 69,012 |  |  | 69,050 |  |  | (38) |  |  | (0.1) |
Contract liabilities - noncurrent | 19,476 |  |  | 18,421 |  |  | 1,055 |  |  | 5.7 |
The changes in our contract assets and contract liabilities from April 26, 2025 to November 1, 2025 were primarily driven by the timing of billing schedules and revenue recognition. These fluctuations are influenced by the contractual payment terms and the seasonal nature of the sports markets. No significant impairments of contract assets were identified during the three months ended November 1, 2025. For service-type warranty contracts, revenue is allocated to the related performance obligation and recognized over time, while associated costs are recognized as incurred. Earned and unearned revenues related to these contracts are reported within the “Contract assets” and “Contract liabilities” line items in our Condensed Consolidated Balance Sheets. The following table summarizes the changes in unearned service-type warranty contracts, net, for the six months ended November 1, 2025:
| November 1, 2025
Balance as of April 26, 2025 | $ | 35,129 |
New contracts sold | 29,728 |
Less: reductions for revenue recognized | (26,361) |
Foreign currency translation and other | 303 |
Balance as of November 1, 2025 | $ | 38,799 |
Contracts in progress identified as loss contracts as of November 1, 2025 and April 26, 2025 were immaterial. Provisions for such losses are recorded in the “Accrued expenses” line item in our Condensed Consolidated Balance Sheets. During the six months ended November 1, 2025, we recognized $55,466 of revenue that was previously recorded as contract liabilities as of April 26, 2025. Remaining performance obligations As of November 1, 2025, the aggregate amount of the transaction price allocated to the remaining performance obligations was $387,750. This consists of $320,618 related to product agreements and $67,132 related to service agreements. We expect approximately $327,845 of these obligations to be recognized as revenue within the next 12 months, with the remainder recognized thereafter. While remaining performance obligations represent legally binding business commitments, they are subject to change due to cancellations, deferrals, or scope adjustments. Known changes—including project cancellations, scope revisions, foreign currency exchange fluctuations, and deferrals—are reflected or excluded from the reported balance, as appropriate. Revenue recognized during the six months ended November 1, 2025 and October 26, 2024 related to performance obligations satisfied in prior periods 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 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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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