Goodwill and Other Intangibles

12 Months Ended

Mar. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangibles, net, consisted of the following (in thousands):


	March 30, 2024						April 1, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Indefinite-lived:
Goodwill	$	121,934	$	—	$	121,934	$	114,547	$	—	$	114,547
Trademarks and trade names	16,980		—		16,980		16,980		—		16,980
State insurance licenses	1,100		—		1,100		1,100		—		1,100
	140,014		—		140,014		132,627		—		132,627
Finite lived:
Customer relationships	15,000		(5,314)		9,686		16,900		(5,818)		11,082
Other	1,114		(659)		455		1,114		(486)		628
	$	156,128	$	(5,973)	$	150,155	$	150,641	$	(6,304)	$	144,337

At April 1, 2023 and March 30, 2024, the Company had Goodwill of $114,547 and $121,934, respectively. The change is due to current year acquisitions and adjustments to prior year acquisitions. All Goodwill resides in the Factory-built housing segment. At March 30, 2024 there are no accumulated impairment losses related to Goodwill.

Amortization expense recognized on intangible assets was $1.6 million during fiscal year 2024, $2.1 million during fiscal year 2023 and $1.4 million during fiscal year 2022. Customer relationships have a weighted average remaining life of 6.9 years and other finite lived intangibles have a weighted average remaining life of 2.5 years.

Expected amortization for future fiscal years is as follows (in thousands):


2025	$	1,530
2026	1,488
2027	1,415
2028	1,299
2029	1,265
Thereafter	3,144
	$	10,141