v3.25.2
Revenue Recognition
 12 Months Ended
Apr. 26, 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 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 2025
CommercialLive EventsHigh School Park and
Recreation		TransportationInternationalTotal
Type of performance obligation
Unique configuration$27,405 $226,780 $35,235 $49,280 $17,715 $356,415 
Limited configuration105,358 34,464 119,397 24,847 36,013 320,079 
Service and other23,440 30,240 11,289 6,934 8,080 79,983 
$156,203 $291,484 $165,921 $81,061 $61,808 $756,477 
Timing of revenue recognition
Goods/services transferred at a point in time$116,605 $46,102 $120,138 $29,453 $39,903 $352,201 
Goods/services transferred over time39,598 245,382 45,783 51,608 21,905 404,276 
$156,203 $291,484 $165,921 $81,061 $61,808 $756,477 
Fiscal Year 2024
CommercialLive EventsHigh School Park and
Recreation		TransportationInternationalTotal
Type of performance obligation
Unique configuration$32,914 $269,184 $38,819 $52,142 $29,562 $422,621 
Limited configuration109,458 41,805 124,113 27,913 24,164 327,453 
Service and other19,254 27,519 7,417 5,335 8,484 68,009 
$161,626 $338,508 $170,349 $85,390 $62,210 $818,083 
Timing of revenue recognition
Goods/services transferred at a point in time$115,836 $48,899 $121,175 $30,866 $27,049 $343,825 
Goods/services transferred over time45,790 289,609 49,174 54,524 35,161 474,258 
$161,626 $338,508 $170,349 $85,390 $62,210 $818,083 
Fiscal Year 2023
CommercialLive EventsHigh School Park and
Recreation		TransportationInternationalTotal
Type of performance obligation
Unique configuration$25,821 $223,560 $22,730 $45,286 $33,623 $351,020 
Limited configuration128,346 36,259 114,951 23,946 43,007 346,509 
Service and other16,423 25,081 4,067 3,074 8,022 56,667 
$170,590 $284,900 $141,748 $72,306 $84,652 $754,196 
Timing of revenue recognition
Goods/services transferred at a point in time$132,728 $43,761 $109,323 $24,950 $45,687 $356,449 
Goods/services transferred over time37,862 241,139 32,425 47,356 38,965 397,747 
$170,590 $284,900 $141,748 $72,306 $84,652 $754,196 
See “Note 3. Segment Reporting” of the Notes to our Consolidated Financial Statements included in this Form 10-K 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 changes in our contract assets and liabilities:
April 26, 2025April 27, 2024Dollar ChangePercent Change
Contract assets$41,169 $55,800 $(14,631)(26.2)%
Contract liabilities - current69,050 65,524 3,526 5.4 
Contract liabilities - non-current18,421 16,342 2,079 12.7 
The changes in our contract assets and contract liabilities from April 27, 2024 to April 26, 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 fiscal 2025, 2024, and 2023.
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 Consolidated Balance Sheets. Changes in unearned service-type warranty contracts, net were as follows:
April 26, 2025April 27, 2024
Balance at beginning of year$32,159 $28,338 
New contracts sold55,480 49,099 
Less: reductions for revenue recognized(52,885)(43,520)
Foreign currency translation and other375 (1,758)
Balance at end of year$35,129 $32,159 
Contracts in process identified as loss contracts as of April 26, 2025 and April 27, 2024 were immaterial. Loss provisions are recorded in the “Accrued expenses” line item in our Consolidated Balance Sheets.
During fiscal 2025, we recognized revenue of $62,228 related to our contract liabilities as of April 27, 2024.
Remaining performance obligations and revenue recognized from past performance obligations
As of April 26, 2025, the aggregate amount of the transaction price allocated to the remaining performance obligations was $408,332. Remaining performance obligations related to product and service agreements as of April 26, 2025 were $341,624 and $66,708, respectively. We expect approximately $342,338 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 years ended April 26, 2025 and April 27, 2024 was immaterial.