v3.26.1
Revenue Recognition
 3 Months Ended
Aug. 01, 2026
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 disaggregated revenue by segment:
Three Months Ended August 1, 2026
CommercialLive Events
High School
Park and Recreation
TransportationInternationalTotal
Type of performance obligation
Unique configuration$6,733 $71,562 $14,174 $11,353 $17,485 $121,307 
Limited configuration31,535 7,898 38,240 7,834 8,917 94,424 
Service and other5,435 6,938 2,297 2,191 1,973 18,833 
$43,703 $86,398 $54,711 $21,378 $28,375 $234,565 
Timing of revenue recognition
Goods/services transferred at a point in time$34,452 $10,041 $37,366 $9,267 $10,016 $101,142 
Goods/services transferred over time9,251 76,357 17,345 12,111 18,359 133,423 
$43,703 $86,398 $54,711 $21,378 $28,375 $234,565 
Three Months Ended August 2, 2025
CommercialLive Events
High School
Park and Recreation
TransportationInternationalTotal
Type of performance obligation
Unique configuration$8,914 $63,263 $14,897 $9,498 $6,608 $103,180 
Limited configuration31,242 9,394 41,911 4,390 8,058 94,995 
Service and other6,011 7,143 2,539 2,687 2,417 20,798 
$46,167 $79,800 $59,347 $16,575 $17,083 $218,972 
Timing of revenue recognition
Goods/services transferred at a point in time$34,069 $11,680 $41,794 $6,141 $8,903 $102,588 
Goods/services transferred over time12,098 68,120 17,553 10,434 8,180 116,385 
$46,167 $79,800 $59,347 $16,575 $17,083 $218,972 
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 clients in excess of revenue recognized to date.
The following table reflects the changes in our contract assets and liabilities:
August 1,
2026		May 2,
2026		Dollar
Change		Percent
Change
Contract assets$51,608 $66,552 $(14,944)(22.5)%
Contract liabilities - current85,969 65,310 20,659 31.6 
Contract liabilities - noncurrent20,301 20,655 (354)(1.7)
The changes in our contract assets and contract liabilities from May 2, 2026 to August 1, 2026 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 three months ended August 1, 2026.

For service-type warranty contracts, we allocate revenue to the 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:
August 1,
2026
Balance as of May 2, 2026$37,850 
New contracts sold12,094 
Less: reductions for revenue recognized(11,299)
Foreign currency translation and other579 
Balance as of August 1, 2026$39,224 
The loss provision on contracts in process identified as loss contracts as of August 1, 2026 and May 2, 2026 were immaterial. Loss provisions are recorded in the “Accrued expenses” line item in our Condensed Consolidated Balance Sheets.
During the three months ended August 1, 2026, we recognized $45,347 related to our contract liabilities as of May 2, 2026.
Remaining performance obligations and revenue recognized from past performance obligations
As of August 1, 2026, the aggregate amount of the transaction price allocated to the remaining performance obligations was $380,403. Remaining performance obligations related to product and service agreements as of August 1, 2026 were $311,280 and $69,123, respectively. We expect approximately $328,354 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 periods during the three months ended August 1, 2026 and August 2, 2025 was immaterial.