Goodwill and Other Intangibles

12 Months Ended

Mar. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

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


	March 29, 2025						March 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Indefinite-lived:
Goodwill	$	121,969	$	—	$	121,969	$	121,934	$	—	$	121,934
Trademarks and trade names	7,020		—		7,020		16,980		—		16,980
State insurance licenses	1,100		—		1,100		1,100		—		1,100
	130,089		—		130,089		140,014		—		140,014
Finite lived:
Customer relationships	15,000		(6,676)		8,324		15,000		(5,314)		9,686
Other	1,114		(827)		287		1,114		(659)		455
	$	146,203	$	(7,503)	$	138,700	$	156,128	$	(5,973)	$	150,155

Changes in the carrying amount of Goodwill were as follows for the years ended March 29, 2025 and March 30, 2024 (in thousands).


April 1, 2023	$	114,547
Acquisitions(1)	7,387
March 30, 2024	121,934
Acquisitions(1)	(35)
March 29, 2025	$	121,969

(1)Acquisitions includes any adjustments to Goodwill during the measurement period. The measurement periods for the valuation of assets acquired and liabilities assumed end as soon as information on the facts and circumstances that existed as of the acquisition dates becomes available, but do not exceed 12 months. Adjustments in purchase price allocations may require a change in the amounts allocated to goodwill during the periods in which the adjustments are determined. No measurement periods are open as of March 29, 2025.

At March 29, 2025 and March 30, 2024 , the Company had Goodwill of $121,969 and $121,934, respectively. The change is due to adjustments to prior year acquisitions. All Goodwill resides in the factory-built housing segment. At March 29, 2025 there are no accumulated impairment losses related to Goodwill.

In the fourth quarter of fiscal year 2025, the Company performed a strategic brand realignment. As a result, Cavco recorded a non-cash charge of $10.0 million in Selling, general and administrative expenses related to the adjustment of legacy indefinite lived trade name values.

Amortization expense recognized on intangible assets was $1.5 million during fiscal year 2025, $1.6 million during fiscal year 2024 and $2.1 million during fiscal year 2023. Customer relationships have a weighted average remaining life of 5.9 years and other finite lived intangibles have a weighted average remaining life of 1.5 years.

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


2026	$	1,488
2027	1,415
2028	1,299
2029	1,265
2030	985
Thereafter	2,159
	$	8,611