Revenue |
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| Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue | Note 2. Revenue Disaggregated revenue information Revenue from contracts with customers is disaggregated by segment and geographical location. Net sales are attributed to regions based on the location of production. Though revenue recognition patterns and contracts are generally consistent, the amount, timing, and uncertainty of revenue and cash flows may vary in each reportable segment due to geographic and economic factors. In the following table, revenue is disaggregated accordingly:
Contract assets and liabilities A contract asset is an entity’s right to consideration in exchange for goods or services that the entity has transferred to a customer. A contract liability exists when an entity has received consideration, or the amount is due from the customer in advance of revenue recognition. Contract assets and contract liabilities are recognized in other current assets or other accrued liabilities in the condensed consolidated balance sheets. Contract liabilities were $1.7 million as of August 1, 2026 and May 2, 2026. Contract assets were immaterial as of August 1, 2026 and May 2, 2026. During the fiscal year ended May 2, 2026, the Company finalized commercial negotiations with certain customers relating to performance obligations satisfied in the ordinary course of business. As of August 1, 2026, the Company had $11.0 million in accounts receivable and $6.3 million in notes receivable, compared to $11.0 million in accounts receivable and $13.3 million in notes receivable as of May 2, 2026. For the three months ended August 1, 2026 and August 2, 2025, revenue recognized over time was $2.9 million and $3.5 million, respectively. |
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