Revenue

9 Months Ended

Aug. 04, 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 August 4, 2023	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	777,284	$	169,070	$	5,214	$	951,568
Irrigation	119,037		6,244		4,935		130,216
Total net sales	$	896,321	$	175,314	$	10,149	$	1,081,784
Revenue by geographic market:
United States	$	690,810	$	145,861	$	10,149	$	846,820
International countries	205,511		29,453		—		234,964
Total net sales	$	896,321	$	175,314	$	10,149	$	1,081,784

Nine Months Ended August 4, 2023	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	2,486,947	$	682,770	$	11,512	$	3,181,229
Irrigation	358,767		22,995		6,959		388,721
Total net sales	$	2,845,714	$	705,765	$	18,471	$	3,569,950
Revenue by geographic market:
United States	$	2,225,498	$	569,295	$	18,471	$	2,813,264
International countries	620,216		136,470		—		756,686
Total net sales	$	2,845,714	$	705,765	$	18,471	$	3,569,950

Three Months Ended July 29, 2022	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	780,738	$	265,469	$	1,102	$	1,047,309
Irrigation	105,494		4,493		3,254		113,241
Total net sales	$	886,232	$	269,962	$	4,356	$	1,160,550
Revenue by geographic market:
United States	$	710,386	$	229,666	$	4,356	$	944,408
International countries	175,846		40,296		—		216,142
Total net sales	$	886,232	$	269,962	$	4,356	$	1,160,550

Nine Months Ended July 29, 2022	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	2,149,549	$	823,536	$	6,207	$	2,979,292
Irrigation	335,378		21,503		6,505		363,386
Total net sales	$	2,484,927	$	845,039	$	12,712	$	3,342,678
Revenue by geographic market:
United States	$	1,969,933	$	703,234	$	12,712	$	2,685,879
International countries	514,994		141,805		—		656,799
Total net sales	$	2,484,927	$	845,039	$	12,712	$	3,342,678

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 August 4, 2023 and October 31, 2022, $25.0 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 and nine months ended August 4, 2023, the company recognized $3.5 million and $12.4 million, respectively, of the October 31, 2022 deferred revenue balance within net sales in the Condensed Consolidated Statements of (Loss) Earnings. The company expects to recognize approximately $2.3 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 $5.3 million thereafter.