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Segment Information (Tables)
 9 Months Ended
Jan. 01, 2022
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segments

Selected financial information by reportable segment was as follows:

 

 

 

Three months ended

 

 

Nine months ended

 

(Dollars in thousands)

 

January 1,
2022

 

 

December 26,
2020

 

 

January 1,
2022

 

 

December 26,
2020

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

484,319

 

 

$

336,358

 

 

$

1,413,338

 

 

$

868,577

 

Canadian Factory-built Housing

 

 

36,910

 

 

 

26,351

 

 

 

113,242

 

 

 

66,104

 

Corporate/Other

 

 

13,461

 

 

 

14,872

 

 

 

42,532

 

 

 

38,551

 

Consolidated net sales

 

$

534,690

 

 

$

377,581

 

 

$

1,569,112

 

 

$

973,232

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

98,724

 

 

$

35,538

 

 

$

239,816

 

 

$

88,628

 

Canadian Factory-built Housing EBITDA

 

 

7,571

 

 

 

2,933

 

 

 

19,627

 

 

 

13,790

 

Corporate/Other EBITDA

 

 

(9,638

)

 

 

(6,407

)

 

 

(26,966

)

 

 

(20,235

)

Other income

 

 

7

 

 

 

(180

)

 

 

(36

)

 

 

(6,993

)

Depreciation

 

 

(3,348

)

 

 

(3,025

)

 

 

(9,869

)

 

 

(8,994

)

Amortization

 

 

(1,902

)

 

 

(1,361

)

 

 

(5,664

)

 

 

(4,082

)

Consolidated operating income

 

$

91,414

 

 

$

27,498

 

 

$

216,908

 

 

$

62,114

 

Depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

2,706

 

 

$

2,378

 

 

$

7,935

 

 

$

7,167

 

Canadian Factory-built Housing

 

 

279

 

 

 

246

 

 

 

837

 

 

 

609

 

Corporate/Other

 

 

363

 

 

 

401

 

 

 

1,097

 

 

 

1,218

 

Consolidated depreciation

 

$

3,348

 

 

$

3,025

 

 

$

9,869

 

 

$

8,994

 

Amortization of U.S. Factory-built Housing intangible assets:

 

$

1,902

 

 

$

1,361

 

 

$

5,664

 

 

$

4,082

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

6,799

 

 

$

1,234

 

 

$

19,070

 

 

$

3,173

 

Canadian Factory-built Housing

 

 

248

 

 

 

312

 

 

 

589

 

 

 

554

 

Corporate/Other

 

 

632

 

 

 

137

 

 

 

3,125

 

 

 

508

 

Consolidated capital expenditures

 

$

7,679

 

 

$

1,683

 

 

$

22,784

 

 

$

4,235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

January 1,
2022

 

 

April 3,
2021

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

 

 

 

 

 

 

$

586,047

 

 

$

578,897

 

Canadian Factory-built Housing (1)

 

 

 

 

 

 

 

 

94,891

 

 

 

87,224

 

Corporate/Other (1)

 

 

 

 

 

 

 

 

387,213

 

 

 

251,781

 

Consolidated total assets

 

 

 

 

 

 

 

$

1,068,151

 

 

$

917,902

 

 

 

(1)
Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.