XML 34 R24.htm IDEA: XBRL DOCUMENT v3.22.2.2
Revenue (Tables)
6 Months Ended
Oct. 29, 2022
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue [Table Text Block]
Disaggregation of Revenue
The following table disaggregates the revenue associated with our major product and service offerings:
13 weeks ended26 weeks ended
October 29, 2022October 30, 2021October 29, 2022October 30, 2021
Retail
Course Materials Product Sales $419,879 $433,734 $547,476 $555,954 
General Merchandise Product Sales (a)
122,648 106,200 211,472 171,623 
Service and Other Revenue (b)
14,749 19,370 23,923 29,172 
Retail Product and Other Sales sub-total557,276 559,304 782,871 756,749 
Course Materials Rental Income41,334 49,648 52,246 62,672 
Retail Total Sales$598,610 $608,952 $835,117 $819,421 
Wholesale Sales$21,120 $21,669 $58,203 $66,153 
DSS Sales (c)
$8,465 $8,279 $17,649 $16,582 
Eliminations (d)
$(11,097)$(11,923)$(30,013)$(34,385)
Total Sales$617,098 $626,977 $880,956 $867,771 
(a)Effective in April 2021, as contemplated by the FLC Partnership's merchandising agreement and e-commerce agreement, we began to transition the fulfillment of logo and emblematic general merchandise sales to FLC and Fanatics. The transition to FLC for campus stores was effective in April 2021, and the e-commerce websites transitioned to Fanatics throughout Fiscal 2022. As the logo and emblematic general merchandise sales are fulfilled by FLC and Fanatics, we recognize commission revenue earned for these sales on a net basis in our condensed consolidated financial statements, as compared to the recognition of logo and emblematic sales on a gross basis in the periods prior to the transition.
(b)Service and other revenue primarily relates to brand partnerships and other service revenues.
(c)DSS sales primarily relate to direct-to-student subscription-based revenue.
(d)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 with Customer, Asset and Liability [Table Text Block] The following table presents changes in deferred revenue associated with our contract liabilities:
26 weeks ended
October 29, 2022October 30, 2021
Deferred revenue at the beginning of period$19,722 $18,139 
Additions to deferred revenue during the period114,975 82,515 
Reductions to deferred revenue for revenue recognized during the period(83,651)(66,364)
Deferred revenue balance at the end of period:$51,046 $34,290 
Balance Sheet classification:
Accrued liabilities$46,610 $29,820 
Other long-term liabilities4,436 4,470 
Deferred revenue balance at the end of period:$51,046 $34,290