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Segment Information (Tables)
 9 Months Ended
Dec. 31, 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)

 

December 31,
2022

 

 

January 1,
2022

 

 

December 31,
2022

 

 

January 1,
2022

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

541,838

 

 

$

484,319

 

 

$

1,957,156

 

 

$

1,413,338

 

Canadian Factory-built Housing

 

 

31,342

 

 

 

36,910

 

 

 

115,602

 

 

 

113,242

 

Corporate/Other

 

 

9,142

 

 

 

13,461

 

 

 

42,270

 

 

 

42,532

 

Consolidated net sales

 

$

582,322

 

 

$

534,690

 

 

$

2,115,028

 

 

$

1,569,112

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

115,483

 

 

$

98,724

 

 

$

476,332

 

 

$

239,816

 

Canadian Factory-built Housing EBITDA

 

 

5,893

 

 

 

7,571

 

 

 

27,361

 

 

 

19,627

 

Corporate/Other EBITDA

 

 

(12,323

)

 

 

(9,638

)

 

 

(34,205

)

 

 

(26,966

)

Other expense (income)

 

 

—

 

 

 

7

 

 

 

(634

)

 

 

(36

)

Depreciation

 

 

(3,824

)

 

 

(3,348

)

 

 

(11,660

)

 

 

(9,869

)

Amortization

 

 

(2,960

)

 

 

(1,902

)

 

 

(7,681

)

 

 

(5,664

)

Consolidated operating income

 

$

102,269

 

 

$

91,414

 

 

$

449,513

 

 

$

216,908

 

Depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

3,245

 

 

$

2,706

 

 

$

9,787

 

 

$

7,935

 

Canadian Factory-built Housing

 

 

277

 

 

 

279

 

 

 

903

 

 

 

837

 

Corporate/Other

 

 

302

 

 

 

363

 

 

 

970

 

 

 

1,097

 

Consolidated depreciation

 

$

3,824

 

 

$

3,348

 

 

$

11,660

 

 

$

9,869

 

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

 

$

2,960

 

 

$

1,902

 

 

$

7,681

 

 

$

5,664

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

11,181

 

 

$

6,799

 

 

$

34,892

 

 

$

19,070

 

Canadian Factory-built Housing

 

 

1,163

 

 

 

248

 

 

 

2,592

 

 

 

589

 

Corporate/Other

 

 

220

 

 

 

632

 

 

 

693

 

 

 

3,125

 

Consolidated capital expenditures

 

$

12,564

 

 

$

7,679

 

 

$

38,177

 

 

$

22,784

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

December 31,
2022

 

 

April 2,
2022

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

 

 

 

 

 

 

$

702,432

 

 

$

695,500

 

Canadian Factory-built Housing (1)

 

 

 

 

 

 

 

 

121,366

 

 

 

107,459

 

Corporate/Other (1)

 

 

 

 

 

 

 

 

687,889

 

 

 

431,660

 

Consolidated total assets

 

 

 

 

 

 

 

$

1,511,687

 

 

$

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.