Revenue

6 Months Ended

May 05, 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 May 5, 2023	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	931,412	$	260,268	$	3,854	$	1,195,534
Irrigation	137,321		5,568		903		143,792
Total net sales	$	1,068,733	$	265,836	$	4,757	$	1,339,326
Revenue by geographic market:
United States	$	838,194	$	219,990	$	4,757	$	1,062,941
International countries	230,539		45,846		—		276,385
Total net sales	$	1,068,733	$	265,836	$	4,757	$	1,339,326

Six Months Ended May 5, 2023	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	1,709,663	$	513,700	$	6,298	$	2,229,661
Irrigation	239,730		16,751		2,024		258,505
Total net sales	$	1,949,393	$	530,451	$	8,322	$	2,488,166
Revenue by geographic market:
United States	$	1,534,688	$	423,434	$	8,322	$	1,966,444
International countries	414,705		107,017		—		521,722
Total net sales	$	1,949,393	$	530,451	$	8,322	$	2,488,166

Three Months Ended April 29, 2022	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	797,940	$	313,478	$	1,958	$	1,113,376
Irrigation	127,870		6,197		2,035		136,102
Total net sales	$	925,810	$	319,675	$	3,993	$	1,249,478
Revenue by geographic market:
United States	$	728,813	$	271,001	$	3,993	$	1,003,807
International countries	196,997		48,674		—		245,671
Total net sales	$	925,810	$	319,675	$	3,993	$	1,249,478

Six Months Ended April 29, 2022	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	1,368,811	$	558,067	$	5,105	$	1,931,983
Irrigation	229,884		17,010		3,251		250,145
Total net sales	$	1,598,695	$	575,077	$	8,356	$	2,182,128
Revenue by geographic market:
United States	$	1,259,547	$	473,568	$	8,356	$	1,741,471
International countries	339,148		101,509		—		440,657
Total net sales	$	1,598,695	$	575,077	$	8,356	$	2,182,128

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 May 5, 2023 and October 31, 2022, $26.2 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 and six months ended May 5, 2023, the company recognized $2.8 million and $8.9 million, respectively, of the October 31, 2022 deferred revenue balance within net sales in the Condensed Consolidated Statements of Earnings. The company expects to recognize approximately $5.7 million of the October 31, 2022 deferred revenue amount within net sales throughout the remainder of fiscal 2023, $8.0 million in fiscal 2024, and $5.4 million thereafter.