XML 23 R13.htm IDEA: XBRL DOCUMENT v3.3.1.900
Capital Leases (Notes)
9 Months Ended
Dec. 26, 2015
Capital Leased Assets [Line Items]  
Capital Leases in Financial Statements of Lessee Disclosure [Text Block]
On May 1, 2015, in connection with the purchase of Fairmont Homes, the Company entered into a five-year lease covering the manufacturing facilities and land in Montevideo, Minnesota, which is accounted for as a capital lease. At the end of the lease term, the landlord has the option to require the Company to purchase the leased premises at a specified price. If the landlord does not exercise this option, the Company may purchase the facilities at the termination of the lease for that price. The following amounts were recorded for the leased assets as of December 26, 2015 (in thousands):
 
December 26,
2015
Land
$
92

Buildings and improvements
2,033

 
2,125

Accumulated amortization
(45
)
Leased assets, net
$
2,080

The minimum payments in future fiscal years under the lease as of December 26, 2015 are as follows (in thousands):
2016
$
75

2017
289

2018
277

2019
265

2020
253

Thereafter
1,721

Total remaining lease payments
2,880

Less: Amount representing interest
(815
)
Present value of future minimum lease payments
$
2,065