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Segment Information (Tables)
 6 Months Ended
Sep. 30, 2023
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)

 

September 30,
2023

 

 

October 1,
2022

 

 

September 30,
2023

 

 

October 1,
2022

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

428,132

 

 

$

754,237

 

 

$

856,917

 

 

$

1,415,318

 

Canadian Factory-built Housing

 

 

29,256

 

 

 

39,198

 

 

 

55,376

 

 

 

84,260

 

Corporate/Other

 

 

6,848

 

 

 

13,390

 

 

 

16,712

 

 

 

33,128

 

Consolidated net sales

 

$

464,236

 

 

$

806,825

 

 

$

929,005

 

 

$

1,532,706

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

64,752

 

 

$

199,284

 

 

$

138,985

 

 

$

360,849

 

Canadian Factory-built Housing EBITDA

 

 

5,763

 

 

 

10,141

 

 

 

10,527

 

 

 

21,468

 

Corporate/Other EBITDA

 

 

(13,759

)

 

 

(12,293

)

 

 

(25,930

)

 

 

(21,882

)

Other expense (income)

 

 

2,065

 

 

 

—

 

 

 

2,065

 

 

 

(634

)

Depreciation

 

 

(4,700

)

 

 

(4,166

)

 

 

(9,333

)

 

 

(7,836

)

Amortization

 

 

(2,086

)

 

 

(2,775

)

 

 

(5,045

)

 

 

(4,721

)

Consolidated operating income

 

$

52,035

 

 

$

190,191

 

 

$

111,269

 

 

$

347,244

 

Depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

4,198

 

 

$

3,505

 

 

$

8,326

 

 

$

6,542

 

Canadian Factory-built Housing

 

 

356

 

 

 

345

 

 

 

712

 

 

 

626

 

Corporate/Other

 

 

146

 

 

 

316

 

 

 

295

 

 

 

668

 

Consolidated depreciation

 

$

4,700

 

 

$

4,166

 

 

$

9,333

 

 

$

7,836

 

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

 

$

2,086

 

 

$

2,775

 

 

$

5,045

 

 

$

4,721

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

11,743

 

 

$

14,778

 

 

$

21,421

 

 

$

23,711

 

Canadian Factory-built Housing

 

 

475

 

 

 

1,068

 

 

 

941

 

 

 

1,429

 

Corporate/Other

 

 

288

 

 

 

332

 

 

 

485

 

 

 

473

 

Consolidated capital expenditures

 

$

12,506

 

 

$

16,178

 

 

$

22,847

 

 

$

25,613

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

September 30,
2023

 

 

April 1,
2023

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

 

 

 

 

 

 

$

697,547

 

 

$

708,573

 

Canadian Factory-built Housing (1)

 

 

 

 

 

 

 

 

125,961

 

 

 

124,673

 

Corporate/Other (1)

 

 

 

 

 

 

 

 

845,667

 

 

 

729,478

 

Consolidated total assets

 

 

 

 

 

 

 

$

1,669,175

 

 

$

1,562,724

 

 

(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.