Business Segment Information

3 Months Ended

Jun. 27, 2026

Segment Reporting [Abstract]

Business Segment Information

Business 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):

	Three Months Ended June 27, 2026
	Factory-built housing		Financial services		Consolidated
Net revenue	$	585,972	$	23,987	$	609,959
Cost of sales	463,953		11,416		475,369
Gross profit	122,019		12,571		134,590
Selling, general and administrative expenses	73,970		7,865		81,835
Income from operations	48,049		4,706		52,755
Interest income	3,263		—		3,263
Interest expense	(132)		—		(132)
Other expense, net	(98)		—		(98)
Income before income taxes	51,082		4,706		55,788
Income tax expense	(12,517)		(1,000)		(13,517)
Net Income	$	38,565	$	3,706	$	42,271

	Three Months Ended June 27, 2026
	Factory-built housing		Financial services		Consolidated
Depreciation	$	6,040	$	46	$	6,086
Amortization	$	603	$	2	$	605
Capital expenditures	$	25,393	$	100	$	25,493

	Three Months Ended June 28, 2025
	Factory-built housing		Financial services		Consolidated
Net revenue	$	535,694	$	21,163	$	556,857
Cost of sales	414,850		12,501		427,351
Gross profit	120,844		8,662		129,506
Selling, general and administrative expenses	63,154		5,994		69,148
Income from operations	57,690		2,668		60,358
Interest income	5,103		—		5,103
Interest expense	(164)		—		(164)
Income before income taxes	62,629		2,668		65,297
Income tax expense	(13,128)		(527)		(13,655)
Net Income	$	49,501	$	2,141	$	51,642

	Three Months Ended June 28, 2025
	Factory-built housing		Financial services		Consolidated
Depreciation	$	4,735	$	62	$	4,797
Amortization	$	366	$	6	$	372
Capital expenditures	$	9,009	$	—	$	9,009

	June 27, 2026		March 28, 2026
Total assets:
Factory-built housing	$	1,277,063	$	1,235,105
Financial services	264,385		256,034
Consolidated	$	1,541,448	$	1,491,139