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Revenue Recognition Revenue Recognition
 3 Months Ended
Aug. 01, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
Note 4. Revenue Recognition

Disaggregation of revenue
In accordance with ASC 606-10-50, we disaggregate revenue from contracts with customers by the type of performance obligation and the timing of revenue recognition. We determine that disaggregating revenue in these categories achieves the disclosure objective to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors and to enable users of financial statements to understand the relationship to each reportable segment.

The following table presents our disaggregation of revenue by segments:
 
Three Months Ended August 1, 2020
 
Commercial
 
Live Events
 
High School Park and Recreation
 
Transportation
 
International
 
Total
Type of performance obligation
 
 
 
 
 
 
 
 
 
 
 
Unique configuration
$
8,727

 
$
41,975

 
$
7,668

 
$
7,724

 
$
4,012

 
$
70,106

Limited configuration
22,555

 
5,419

 
20,688

 
6,266

 
8,653

 
63,581

Service and other
3,224

 
4,080

 
587

 
508

 
1,558

 
9,957

 
$
34,506

 
$
51,474

 
$
28,943

 
$
14,498

 
$
14,223

 
$
143,644

Timing of revenue recognition
 
 
 
 
 
 
 
 
 
 
 
Goods/services transferred at a point in time
$
22,892

 
$
6,214

 
$
19,368

 
$
6,374

 
$
9,179

 
$
64,027

Goods/services transferred over time
11,614

 
45,260

 
9,575

 
8,124

 
5,044

 
79,617

 
$
34,506

 
$
51,474

 
$
28,943

 
$
14,498

 
$
14,223

 
$
143,644



 
Three Months Ended August 3, 2019
 
Commercial
 
Live Events
 
High School Park and Recreation
 
Transportation
 
International
 
Total
Type of performance obligation
 
 
 
 
 
 
 
 
 
 
 
Unique configuration
$
12,965

 
$
45,587

 
$
6,030

 
$
11,897

 
$
15,678

 
$
92,157

Limited configuration
27,235

 
7,713

 
23,800

 
6,587

 
9,930

 
75,265

Service and other
3,835

 
6,006

 
635

 
534

 
1,824

 
12,834

 
$
44,035

 
$
59,306

 
$
30,465

 
$
19,018

 
$
27,432

 
$
180,256

Timing of revenue recognition
 
 
 
 
 
 
 
 
 
 
 
Goods/services transferred at a point in time
$
27,703

 
$
9,120

 
$
22,599

 
$
6,697

 
$
10,188

 
$
76,307

Goods/services transferred over time
16,332

 
50,186

 
7,866

 
12,321

 
17,244

 
103,949

 
$
44,035

 
$
59,306

 
$
30,465

 
$
19,018

 
$
27,432

 
$
180,256



See "Note 5. Segment Reporting" for a disaggregation of revenue by geography.

Contract balances
Contract assets represent revenue recognized in excess of amounts billed and include unbilled receivables. Unbilled receivables, which represent an unconditional right to payment subject only to the passage of time, are reclassified to accounts receivable when they are billed according to the contract terms. Contract liabilities represent amounts billed to the clients in excess of revenue recognized to date.

The following table reflects the changes in our contract assets and liabilities:
 
August 1, 2020
 
May 2, 2020
 
Dollar Change
 
Percent Change
Contract assets
$
33,261

 
$
35,467

 
$
(2,206
)
 
(6.2
)%
Contract liabilities - current
50,159

 
50,897

 
(738
)
 
(1.4
)
Contract liabilities - noncurrent
10,715

 
10,707

 
8

 
0.1



The changes in our contract assets and contract liabilities from May 2, 2020 to August 1, 2020 were due to the timing of billing schedules and revenue recognition, which can vary significantly depending on the contractual payment terms and the seasonality of the sports markets. We had no material impairments of contract assets for the three months ended August 1, 2020.

For service-type warranty contracts, we allocate revenue to this performance obligation, recognize the revenue over time, and recognize costs as incurred. Earned and unearned revenues for these contracts are included in the "Contract assets" and "Contract liabilities" line items in our condensed consolidated balance sheets. Changes in unearned service-type warranty contracts, net were as follows:
 
 
August 1, 2020
Balance at beginning of period
 
$
24,490

New contracts sold
 
8,188

Less: reductions for revenue recognized
 
(9,115
)
Foreign currency translation and other
 
250

Balance at end of period
 
$
23,813



As of August 1, 2020 and May 2, 2020, our contracts in progress that were identified as loss contracts were immaterial. For these contracts, the provision for losses are included in the "Accrued expenses" line item in our condensed consolidated balance sheets.

During the three months ended August 1, 2020, we recognized revenue of $30,358 related to our contract liabilities as of May 2, 2020.

Remaining performance obligations
As of August 1, 2020, the aggregate amount of the transaction price allocated to the remaining performance obligations was $245,756. We expect approximately $204,878 of our remaining performance obligations to be recognized over the next 12 months, with the remainder recognized thereafter. Remaining performance obligations related to product and service agreements at August 1, 2020 are $191,717 and $54,039, respectively. Although remaining performance obligations reflect business that is considered to be legally binding, cancellations, deferrals or scope adjustments may occur. Any known project cancellations, revisions to project scope and cost, foreign currency exchange fluctuations and project deferrals are reflected or excluded in the remaining performance obligation balance, as appropriate.