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Segment Information (Tables)
 12 Months Ended
Apr. 02, 2022
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segments

Selected financial information by reportable segment was as follows:

 

 

Year Ended

 

(Dollars in thousands)

 

April 2,
2022

 

 

April 3,
2021

 

 

March 28,
2020

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

1,991,066

 

 

$

1,266,308

 

 

$

1,226,393

 

Canadian Factory-built Housing

 

 

159,124

 

 

 

101,328

 

 

 

84,196

 

Corporate/Other

 

 

57,039

 

 

 

53,245

 

 

 

59,141

 

Consolidated net sales

 

$

2,207,229

 

 

$

1,420,881

 

 

$

1,369,730

 

Operating income:

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

360,978

 

 

$

142,699

 

 

$

131,339

 

Canadian Factory-built Housing EBITDA

 

 

31,692

 

 

 

19,564

 

 

 

9,272

 

Corporate/Other EBITDA

 

 

(38,793

)

 

 

(29,911

)

 

 

(35,610

)

Other income

 

 

(36

)

 

 

(5,889

)

 

 

—

 

Depreciation

 

 

(13,384

)

 

 

(12,087

)

 

 

(13,116

)

Amortization

 

 

(7,552

)

 

 

(5,617

)

 

 

(5,430

)

Consolidated operating income

 

$

332,905

 

 

$

108,759

 

 

$

86,455

 

Depreciation:

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

10,823

 

 

$

9,620

 

 

$

11,015

 

Canadian Factory-built Housing

 

 

1,111

 

 

 

860

 

 

 

1,073

 

Corporate/Other

 

 

1,450

 

 

 

1,607

 

 

 

1,028

 

Consolidated depreciation

 

$

13,384

 

 

$

12,087

 

 

$

13,116

 

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

 

$

7,552

 

 

$

5,617

 

 

$

5,430

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

29,133

 

 

$

6,261

 

 

$

11,753

 

Canadian Factory-built Housing

 

 

1,419

 

 

 

1,034

 

 

 

1,566

 

Corporate/Other

 

 

1,427

 

 

 

721

 

 

 

2,070

 

Consolidated capital expenditures

 

$

31,979

 

 

$

8,016

 

 

$

15,389

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

April 2,
2022

 

 

April 3,
2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

$

695,500

 

 

$

578,897

 

 

 

 

Canadian Factory-built Housing (1)

 

 

107,459

 

 

 

87,224

 

 

 

 

Corporate/Other (1)

 

 

431,660

 

 

 

251,781

 

 

 

 

Consolidated total assets

 

$

1,234,619

 

 

$

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.