REVENUE RECOGNITION
 
The Company generates revenue from sales of modular carpet, resilient flooring, rubber flooring, and other flooring-related material, and from the installation of carpet and other flooring-related material. A summary of these revenue streams, as a percentage of net sales, for fiscal years 2025, 2024 and 2023 is as follows:

Fiscal Year
202520242023
Revenue from the sale of flooring material98%97%98%
Revenue from installation of flooring material2%3%2%
 
Disaggregation of Revenue
 
For fiscal years 2025, 2024 and 2023, revenue from the Company’s customers is broken down by geography as follows:
 
Fiscal Year
Geography202520242023
Americas60.9%60.9%58.4%
Europe29.0%28.6%30.1%
Asia-Pacific10.1%10.5%11.5%

Revenue from the Company’s customers in the Americas corresponds to the AMS reportable segment, and the EAAA reportable segment includes revenue from the Europe and Asia-Pacific geographies. See Note 19 entitled “Segment Information” for additional information.


For fiscal years 2025, 2024, and 2023, revenue by material market segment as a percentage of consolidated totals is as follows:

Fiscal Year
Market Segment202520242023
Corporate Office
44%47%49%
Education
20%19%18%
Healthcare
11%9%10%
Other
25%25%23%

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 26, 2025
2023Feb 28, 2024
2022Mar 2, 2022
2021Mar 3, 2021
2019Feb 26, 2020
2018Feb 28, 2019

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.