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Revenue (Notes)
3 Months Ended
Jul. 27, 2019
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]
Note 4. Revenue
Revenue from sales of our products and services is recognized either at the point in time when control of the products is transferred to our customers or over time as services are provided in an amount that reflects the consideration we expect to be entitled to in exchange for the products or services. See Note 2. Summary of Significant Accounting Pronouncements for additional information related to our revenue recognition policies and Note 6. Segment Reporting for a description of each segments product and service offerings.
Disaggregation of Revenue
The following table disaggregates the revenue associated with our major product and service offerings.
 
 
13 weeks ended
 
 
July 27, 2019
 
July 28, 2018
Retail
 
 
 
 
Product Sales
 
$
246,375

 
$
256,111

Rental Income
 
17,430

 
19,639

Service and Other Revenue (a)
 
10,851

 
11,335

Retail Total Sales
 
$
274,656

 
$
287,085

Wholesale Sales
 
$
72,309

 
$
89,944

DSS Sales (b)
 
$
5,374

 
$
5,677

Eliminations (c)
 
$
(32,682
)
 
$
(45,222
)
Total Sales
 
$
319,657

 
$
337,484

(a)
Service and other revenue primarily relates to brand partnerships and other service revenues.
(b)
DSS sales primarily relate to direct-to-student subscription-based revenue.
(c)
The sales eliminations represent the elimination of Wholesale sales and fulfillment service fees to Retail and the elimination of Retail commissions earned from Wholesale.
Contract Assets and Contract Liabilities
Contract assets represent the sale of goods or services to a customer before we have the right to obtain consideration from the customer. Contract assets consist of unbilled amounts at the reporting date and are transferred to accounts receivable when the rights become unconditional. Contract assets (unbilled receivables) were $0 as of July 27, 2019, July 28, 2018 and April 27, 2019 on our condensed consolidated balance sheets.
Contract liabilities represent an obligation to transfer goods or services to a customer for which we have received consideration and consists of our deferred revenue liability (deferred revenue). Deferred revenue primarily consists of advanced payments from customers related to textbook rental and subscription-based performance obligations that have not yet been satisfied, as well as unsatisfied performance obligations associated with partnership marketing services. Deferred revenue is recognized ratably over the terms of the related rental or subscription periods, or when the contracted services are provided to our partnership marketing customers. Deferred revenue of $14,188, $15,851, and $20,418 is recorded within Accrued Liabilities on our condensed consolidated balance sheets for the periods ended July 27, 2019, July 28, 2018 and April 27, 2019, respectively.
The following table presents changes in contract liabilities during the 13 weeks ended July 27, 2019:
 
 
13 weeks ended
 
 
July 27, 2019
 
July 28, 2018
Deferred revenue at the beginning of period
 
$
20,418

 
$
20,144

Additions to deferred revenue during the period
 
18,083

 
25,100

Reductions to deferred revenue for revenue recognized during the period
 
(24,313
)
 
(29,393
)
Deferred revenue balance at the end of period
 
$
14,188

 
$
15,851


As of July 27, 2019, we expect to recognize $14,188 of the deferred revenue balance within in the next 12 months.