Segment Information

12 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

Segment Information

Segment Information

We operate principally in two segments: (1) factory-built housing, which includes wholesale and retail factory-built housing operations and (2) financial services, which includes manufactured housing consumer finance and insurance, and qualifies as other activity under the segment reporting guidance as it does not meet the quantitative thresholds to be reported separately. The factory-built housing segment generates revenue from building and selling manufactured and modular homes to both wholesale customers and end consumers through Company owned retail stores. The Financial services segment generates revenue through lending products for manufactured home purchasers, and through writing and holding insurance policies for manufactured homes. The Company's Chief Executive Officer is the chief operating decision maker ("CODM"). The CODM assesses segment performance and allocates resources, including reinvesting profits and making acquisitions, based on Gross profit and Income before income taxes. The CODM also uses these metrics in the budgeting process when determining how to allocate resources. The CODM is not provided asset information by reportable segment. The following tables provide selected financial data by segment (dollars in thousands):

	Year Ended March 29, 2025
	Factory-built housing		Financial services		Consolidated
Net revenue	$	1,933,111	$	82,347	$	2,015,458
Cost of sales	1,491,314		58,553		1,549,867
Gross profit	441,797		23,794		465,591
Selling, general and administrative expenses	253,027		22,288		275,315
Income from operations	188,770		1,506		190,276
Interest income	21,089		—		21,089
Interest expense	(517)		—		(517)
Other income, net	222		—		222
Income before income taxes	209,564		1,506		211,070
Income tax expense	(39,821)		(213)		(40,034)
Net Income	$	169,743	$	1,293	$	171,036

	Year Ended March 29, 2025
	Factory-built housing		Financial services		Consolidated
Depreciation	$	17,475	$	254	$	17,729
Amortization	$	1,505	$	25	$	1,530
Capital expenditures	$	21,336	$	91	$	21,427
	Year Ended March 30, 2024
	Factory-built housing		Financial services		Consolidated
Net revenue	$	1,716,607	$	78,185	$	1,794,792
Cost of sales	1,317,688		50,202		1,367,890
Gross profit	398,919		27,983		426,902
Selling, general and administrative expenses	226,267		21,653		247,920
Income from operations	172,652		6,330		178,982
Interest income	20,998		—		20,998
Interest expense	(1,649)		—		(1,649)
Other income, net	813		36		849
Income before income taxes	192,814		6,366		199,180
Income tax expense	(39,749)		(1,526)		(41,275)
Net Income	153,065		4,840		157,905
Less: net income attributable to redeemable noncontrolling interest	88		—		88
Comprehensive income attributable to Cavco common stockholders	$	152,977	$	4,840	$	157,817
	Year Ended March 30, 2024
	Factory-built housing		Financial services		Consolidated
Depreciation	$	16,754	$	202	$	16,956
Amortization	$	1,544	$	25	$	1,569
Capital expenditures	$	17,189	$	232	$	17,421
	Year Ended April 1, 2023
	Factory-built housing		Financial services		Consolidated
Net revenue	$	2,069,450	$	73,263	$	2,142,713
Cost of sales	1,545,921		41,860		1,587,781
Gross profit	523,529		31,403		554,932
Selling, general and administrative expenses	237,898		20,425		258,323
Income from operations	285,631		10,978		296,609
Interest income	10,679		—		10,679
Interest expense	(280)		(630)		(910)
Other income (expense)	386		(1)		385

Income before income taxes	296,416		10,347		306,763
Income tax expense	(63,433)		(2,489)		(65,922)
Net Income	232,983		7,858		240,841
Less: net income attributable to redeemable noncontrolling interest	287		—		287
Comprehensive income attributable to Cavco common stockholders	$	232,696	$	7,858	$	240,554
	Year Ended April 1, 2023
	Factory-built housing		Financial services		Consolidated
Depreciation	$	14,651	$	182	$	14,833
Amortization	$	2,038	$	32	$	2,070
Capital expenditures	$	44,085	$	21	$	44,106

	March 29, 2025		March 30, 2024
Total assets:
Factory-built housing	$	1,191,216	$	1,141,237
Financial services	215,429		212,923
Consolidated	$	1,406,645	$	1,354,160

	Fiscal Year Ended
	March 29, 2025		March 30, 2024		April 1, 2023
Gross margin %:
Consolidated	23.1	%	23.8	%	25.9	%
Factory-built housing	22.9	%	23.2	%	25.3	%
Financial services	28.9	%	35.8	%	42.9	%