Revenue

3 Months Ended

Feb. 03, 2023

Revenue from Contract with Customer [Abstract]

Revenue

4 Revenue

The following tables disaggregate the company's reportable segment net sales by major product type and geographic market (dollars in thousands):

Three Months Ended February 3, 2023	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	778,251	$	253,432	$	2,444	$	1,034,127
Irrigation	102,409		11,183		1,121		114,713
Total net sales	$	880,660	$	264,615	$	3,565	$	1,148,840
Revenue by geographic market:
United States	$	696,494	$	203,444	$	3,565	$	903,503
International countries	184,166		61,171		—		245,337
Total net sales	$	880,660	$	264,615	$	3,565	$	1,148,840

Three Months Ended January 28, 2022	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	570,871	$	244,589	$	3,147	$	818,607
Irrigation	102,014		10,813		1,216		114,043
Total net sales	$	672,885	$	255,402	$	4,363	$	932,650
Revenue by geographic market:
United States	$	530,734	$	202,567	$	4,363	$	737,664
International countries	142,151		52,835		—		194,986
Total net sales	$	672,885	$	255,402	$	4,363	$	932,650

Contract Liabilities

Contract liabilities relate to deferred revenue recognized for cash consideration received at contract inception in advance of the company's performance under the respective contract and generally relate to the sale of separately priced extended warranty contracts, service contracts, and non-refundable customer deposits. The company recognizes revenue over the term of the contract in proportion to the costs expected to be incurred in satisfying the performance obligations under the separately priced extended warranty and service contracts. For non-refundable customer deposits, the company recognizes revenue as of the point in time in which the performance obligation has been satisfied under the contract with the customer, which typically occurs upon change in control at the time a product is shipped. As of February 3, 2023 and October 31, 2022, $27.0 million and $28.0 million, respectively, of deferred revenue associated with outstanding separately priced extended warranty contracts, service contracts, and non-refundable customer deposits was reported within accrued liabilities and other long-term liabilities in the Condensed Consolidated Balance Sheets. For the three months ended February 3, 2023, the company recognized $6.2 million of the October 31, 2022 deferred revenue balance within net sales in the Condensed Consolidated Statements of Earnings. The company expects to recognize approximately $8.5 million of the October 31, 2022 deferred revenue amount within net sales throughout the remainder of fiscal 2023, $8.1 million in fiscal 2024, and $5.2 million thereafter.