Capital Lease (Notes)

12 Months Ended

Mar. 31, 2018

Capital Leases [Abstract]

Capital Lease

8. Capital Lease

On April 3, 2017, in connection with the purchase of Lexington Homes, the Company recorded capital leases covering the manufacturing facilities and land in Lexington, Mississippi. The following amounts were recorded for the leased assets as of March 31, 2018 (in thousands):

	March 31, 2018
Land	$	699
Buildings and improvements	1,050
	1,749
Accumulated amortization	(35		)
Leased assets, net	$	1,714

The future minimum payments under the leases as of March 31, 2018 are as follows (in thousands):

FY 2019	$	136
FY 2020	766
FY 2021	73
FY 2022	73
FY 2023	73
Thereafter	196
Total remaining lease payments	$	1,317
Less: Amount representing interest	(162		)
Present value of future minimum lease payments	$	1,155