Segment Disclosure

3 Months Ended

Aug. 01, 2020

Segment Reporting [Abstract]

Segment Disclosure

Note 5. Segment Reporting

We organize and manage our business by the following five segments which meet the definition of reportable segments under ASC 280-10, Segment Reporting: Commercial, Live Events, High School Park and Recreation, Transportation, and International. These segments are based on the customer type or geography and are the same as our business units. We evaluate segment performance based on operating results through contribution margin, which is comprised of gross profit less selling expense. We exclude general and administration expense, product design and development expense, non-operating income and expense, and income tax expense in the segment analysis. Separate financial information is available and regularly evaluated by our chief operating decision-maker (CODM), who is our president and chief executive officer, in making resource allocation decisions for our segments.  

The following table sets forth certain financial information for each of our five reporting segments for the periods indicated:

	Three Months Ended
	August 1, 2020			August 3, 2019
Net sales:
Commercial	$	34,506		$	44,035
Live Events	51,474			59,306
High School Park and Recreation	28,943			30,465
Transportation	14,498			19,018
International	14,223			27,432
	143,644			180,256
Gross profit:
Commercial	7,742			9,218
Live Events	9,354			12,737
High School Park and Recreation	10,476			10,187
Transportation	5,143			6,754
International	3,046			6,609
	35,761			45,505
Contribution margin: (1)
Commercial	4,441			4,084
Live Events	7,138			8,872
High School Park and Recreation	7,915			6,592
Transportation	4,381			5,452
International	330			2,208
	24,205			27,208
Non-allocated operating expenses:
General and administrative	7,124			9,093
Product design and development	7,532			10,500
Operating income	9,549			7,615
Nonoperating income (expense):
Interest income	85			269
Interest expense	(73		)	(35		)
Other (expense) income, net	(627		)	193
Income before income taxes	8,934			8,042
Income tax expense	1,467			1,012
Net income	$	7,467		$	7,030
Depreciation and amortization:
Commercial	$	772		$	974
Live Events	1,451			1,398
High School Park and Recreation	496			512
Transportation	237			264
International	693			524
Unallocated corporate depreciation	688			711
	$	4,337		$	4,383

(1) Contribution margin consists of gross profit less selling expense. 

No single geographic area comprises a material amount of our net sales or property and equipment, net of accumulated depreciation, other than the United States.  The following table presents information about net sales and property and equipment, net of accumulated depreciation, in the United States and elsewhere:

	Three Months Ended
	August 1, 2020		August 3, 2019
Net sales:
United States	$	128,069	$	149,460
Outside United States	15,575		30,796
	$	143,644	$	180,256
	August 1, 2020		May 2, 2020
Property and equipment, net of accumulated depreciation:
United States	$	56,822	$	58,422
Outside United States	9,237		9,062
	$	66,059	$	67,484

We have numerous customers worldwide for sales of our products and services, and no customer accounted for 10% or more of net sales; therefore, we are not economically dependent on a limited number of customers for the sale of our products and services. 

We have numerous raw material and component suppliers, and no supplier accounts for 10% or more of our cost of sales; however, we have a number of single-source suppliers that could limit our supply or cause delays in obtaining raw material and components needed in manufacturing.