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Business Combinations (Tables)
9 Months Ended
Dec. 30, 2023
Business Combinations [Abstract]  
Schedule of Consideration Transferred and Purchase Price Preliminary Allocation on Assets and Liabilities

The following table presents the consideration transferred and the preliminary purchase price allocation as of December 30, 2023:

 

Description

 

Amount

 

Fair value of consideration transferred

 

 

 

Fair value of Skyline Champion common stock issued as consideration (455,098 shares at $61.20)

 

$

27,852

 

Cash consideration

 

 

317,164

 

Preliminary working capital adjustment

 

 

5,000

 

Estimated earn out consideration

 

 

5,904

 

Total consideration

 

$

355,920

 

Preliminary purchase price allocations:

 

 

 

Cash and cash equivalents

 

$

37,619

 

Trade accounts receivable

 

 

20,654

 

Inventories

 

 

135,669

 

Other current assets

 

 

3,212

 

Property, plant, and equipment,

 

 

86,174

 

Amortizable intangible assets

 

 

41,800

 

Other noncurrent assets

 

 

9,199

 

Floorplan payable

 

 

(75,916

)

Accounts payable

 

 

(14,427

)

Other current liabilities

 

 

(35,452

)

Long-term debt

 

 

(12,233

)

Other liabilities

 

 

(3,065

)

Identifiable net assets acquired

 

 

193,234

 

Goodwill

 

 

162,686

 

Total purchase price

 

$

355,920

 

Summary of Pro Forma Results of Operations The following unaudited pro forma information presents a summary of the operating results as if the acquisition of Regional Homes had been completed on April 3, 2022, which is the beginning of the comparable annual reporting period:

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

December 30, 2023

 

 

December 31, 2022

 

 

December 30, 2023

 

 

December 31, 2022

 

Pro forma net sales

 

$

568,045

 

 

$

679,444

 

 

$

1,750,936

 

 

$

2,492,411

 

Pro forma net income

 

$

47,058

 

 

$

87,672

 

 

$

159,351

 

 

$

379,416