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

Selected financial information by reportable segment was as follows:

 

 

 

Three months ended

 

 

Six months ended

 

(Dollars in thousands)

 

October 1,
2022

 

 

October 2,
2021

 

 

October 1,
2022

 

 

October 2,
2021

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

754,237

 

 

$

471,699

 

 

$

1,415,318

 

 

$

929,019

 

Canadian Factory-built Housing

 

 

39,198

 

 

 

38,501

 

 

 

84,260

 

 

 

76,332

 

Corporate/Other

 

 

13,390

 

 

 

14,025

 

 

 

33,128

 

 

 

29,071

 

Consolidated net sales

 

$

806,825

 

 

$

524,225

 

 

$

1,532,706

 

 

$

1,034,422

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

199,284

 

 

$

78,075

 

 

$

360,849

 

 

$

141,092

 

Canadian Factory-built Housing EBITDA

 

 

10,141

 

 

 

6,390

 

 

 

21,468

 

 

 

12,056

 

Corporate/Other EBITDA

 

 

(12,293

)

 

 

(11,351

)

 

 

(21,882

)

 

 

(17,328

)

Other expense (income)

 

 

—

 

 

 

11

 

 

 

(634

)

 

 

(43

)

Depreciation

 

 

(4,166

)

 

 

(3,264

)

 

 

(7,836

)

 

 

(6,521

)

Amortization

 

 

(2,775

)

 

 

(1,874

)

 

 

(4,721

)

 

 

(3,762

)

Consolidated operating income

 

$

190,191

 

 

$

67,987

 

 

$

347,244

 

 

$

125,494

 

Depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

3,505

 

 

$

2,619

 

 

$

6,542

 

 

$

5,229

 

Canadian Factory-built Housing

 

 

345

 

 

 

273

 

 

 

626

 

 

 

558

 

Corporate/Other

 

 

316

 

 

 

372

 

 

 

668

 

 

 

734

 

Consolidated depreciation

 

$

4,166

 

 

$

3,264

 

 

$

7,836

 

 

$

6,521

 

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

 

$

2,775

 

 

$

1,874

 

 

$

4,721

 

 

$

3,762

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

14,778

 

 

$

5,269

 

 

$

23,711

 

 

$

12,527

 

Canadian Factory-built Housing

 

 

1,068

 

 

 

236

 

 

 

1,429

 

 

 

341

 

Corporate/Other

 

 

332

 

 

 

379

 

 

 

473

 

 

 

2,237

 

Consolidated capital expenditures

 

$

16,178

 

 

$

5,884

 

 

$

25,613

 

 

$

15,105

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

October 1,
2022

 

 

April 2,
2022

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

 

 

 

 

 

 

$

724,859

 

 

$

695,500

 

Canadian Factory-built Housing (1)

 

 

 

 

 

 

 

 

115,188

 

 

 

107,459

 

Corporate/Other (1)

 

 

 

 

 

 

 

 

667,571

 

 

 

431,660

 

Consolidated total assets

 

 

 

 

 

 

 

$

1,507,618

 

 

$

1,234,619

 

 

(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.