Acquisitions

3 Months Ended

Jun. 27, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Acquisitions

Acquisitions

Fiscal Year 2026

American Homestar Acquisition

On September 29, 2025 (the "Acquisition Date"), we completed the acquisition of American Homestar, including its two manufacturing facilities, 19 wholly-owned retail locations and financial service operations, by acquiring 100% of the outstanding stock for total consideration of $181.3 million paid with cash on hand. This purchase enhances our position in the South Central U.S. while adding coverage and scale with high quality products. We believe this purchase will have a positive financial impact with accretive earnings and cash flow and meaningful improvement opportunities including cost, purchasing and product optimization synergies.

The following table presents the fair values of the assets that we acquired and the liabilities that we assumed as of the Acquisition Date (in thousands). The purchase accounting is provisional and certain estimated fair values for Accrued liabilities and Deferred tax liability are not yet finalized and are subject to change, which could be significant. We will finalize the amounts recognized as we obtain the information necessary to complete the analysis. We expect to finalize these amounts as soon as possible but no later than one year from the Acquisition Date ("Measurement Period"). We have made certain Measurement Period adjustments to the assets and liabilities based on information that became available:

	September 29, 2025		Measurement Period Adjustments		September 29, 2025 (as adjusted)
Cash	$	8,484	$	—	$	8,484
Accounts receivable	5,310		—		5,310
Other current assets	2,574		238		2,812
Inventories	47,855		—		47,855
Property, plant and equipment	37,160		(49)		37,111
Consumer loans receivable	1,870		—		1,870
Operating lease right-of-use asset	2,952		(459)		2,493
Intangible assets(1)	13,300		—		13,300
Accounts payable and accrued liabilities	(16,757)		825		(15,932)
Operating lease liability	(2,952)		459		(2,493)
Deferred tax liability	(5,700)		(1,114)		(6,814)
Total net identifiable assets acquired	94,096		(100)		93,996
Goodwill(2)(3)	85,834		1,438		87,272
Net assets acquired	$	179,930	$	1,338	$	181,268

(1) Consists of $13.3 million assigned to customer-related intangibles, subject to a useful life of 14 years amortized on a straight-line basis. Fair value was derived from an income approach, specifically a multi-period excess earnings method, which incorporates assumptions including customer attrition rates, projected revenues, and discount rates.

(2) Attributable to the Factory-built housing segment and not deductible for income tax purposes.

(3) Change in Goodwill due to Adjustments to Net identifiable assets acquired and an increase in purchase     price of $1.3 million due to finalization of closing adjustments.

Pro Forma Impact of American Homestar Acquisition (Unaudited). The following table presents supplemental pro forma information as if the above acquisition had occurred on March 30, 2025 (in thousands, except per share data):

	June 28, 2025
	Three Months Ended
Net revenue	$	610,311
Net income	56,396
Diluted net income per share	7.01