Disaggregation of Revenue |
The following table presents our disaggregation of revenue by segments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year 2025 | | Commercial | | Live Events | | High School Park and Recreation | | Transportation | | International | | Total | Type of performance obligation | | | | | | | | | | | | Unique configuration | $ | 27,405 | | | $ | 226,780 | | | $ | 35,235 | | | $ | 49,280 | | | $ | 17,715 | | | $ | 356,415 | | Limited configuration | 105,358 | | | 34,464 | | | 119,397 | | | 24,847 | | | 36,013 | | | 320,079 | | Service and other | 23,440 | | | 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 time | 39,598 | | | 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 | | Commercial | | Live Events | | High School Park and Recreation | | Transportation | | International | | Total | Type of performance obligation | | | | | | | | | | | | Unique configuration | $ | 32,914 | | | $ | 269,184 | | | $ | 38,819 | | | $ | 52,142 | | | $ | 29,562 | | | $ | 422,621 | | Limited configuration | 109,458 | | | 41,805 | | | 124,113 | | | 27,913 | | | 24,164 | | | 327,453 | | Service and other | 19,254 | | | 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 time | 45,790 | | | 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 | | Commercial | | Live Events | | High School Park and Recreation | | Transportation | | International | | Total | Type of performance obligation | | | | | | | | | | | | Unique configuration | $ | 25,821 | | | $ | 223,560 | | | $ | 22,730 | | | $ | 45,286 | | | $ | 33,623 | | | $ | 351,020 | | Limited configuration | 128,346 | | | 36,259 | | | 114,951 | | | 23,946 | | | 43,007 | | | 346,509 | | Service and other | 16,423 | | | 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 time | 37,862 | | | 241,139 | | | 32,425 | | | 47,356 | | | 38,965 | | | 397,747 | | | $ | 170,590 | | | $ | 284,900 | | | $ | 141,748 | | | $ | 72,306 | | | $ | 84,652 | | | $ | 754,196 | |
|
Contract with Customer, Contract Asset, Contract Liability, and Receivable |
The following table reflects the changes in our contract assets and liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | April 26, 2025 | | April 27, 2024 | | Dollar Change | | Percent Change | Contract assets | $ | 41,169 | | | $ | 55,800 | | | $ | (14,631) | | | (26.2) | % | Contract liabilities - current | 69,050 | | | 65,524 | | | 3,526 | | | 5.4 | | Contract liabilities - non-current | 18,421 | | | 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, 2025 | | April 27, 2024 | Balance at beginning of year | $ | 32,159 | | | $ | 28,338 | | New contracts sold | 55,480 | | | 49,099 | | Less: reductions for revenue recognized | (52,885) | | | (43,520) | | Foreign currency translation and other | 375 | | | (1,758) | | Balance at end of year | $ | 35,129 | | | $ | 32,159 | |
|