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Segment Information (Tables)
 9 Months Ended
Dec. 30, 2023
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 30, 2023

 

 

December 31, 2022

 

 

December 30, 2023

 

 

December 31, 2022

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

521,124

 

 

$

541,838

 

 

$

1,378,041

 

 

$

1,957,156

 

Canadian Factory-built Housing

 

 

30,803

 

 

 

31,342

 

 

 

86,179

 

 

 

115,602

 

Corporate/Other

 

 

7,528

 

 

 

9,142

 

 

 

24,240

 

 

 

42,270

 

Consolidated net sales

 

$

559,455

 

 

$

582,322

 

 

$

1,488,460

 

 

$

2,115,028

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

71,862

 

 

$

115,483

 

 

$

210,847

 

 

$

476,332

 

Canadian Factory-built Housing EBITDA

 

 

6,473

 

 

 

5,893

 

 

 

17,000

 

 

 

27,361

 

Corporate/Other EBITDA

 

 

(13,271

)

 

 

(12,323

)

 

 

(39,201

)

 

 

(34,205

)

Other expense (income)

 

 

756

 

 

 

—

 

 

 

2,821

 

 

 

(634

)

Depreciation

 

 

(6,862

)

 

 

(3,824

)

 

 

(16,195

)

 

 

(11,660

)

Amortization

 

 

(2,777

)

 

 

(2,960

)

 

 

(7,822

)

 

 

(7,681

)

Consolidated operating income

 

$

56,181

 

 

$

102,269

 

 

$

167,450

 

 

$

449,513

 

Depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

6,332

 

 

$

3,245

 

 

$

14,658

 

 

$

9,787

 

Canadian Factory-built Housing

 

 

372

 

 

 

277

 

 

 

1,084

 

 

 

903

 

Corporate/Other

 

 

158

 

 

 

302

 

 

 

453

 

 

 

970

 

Consolidated depreciation

 

$

6,862

 

 

$

3,824

 

 

$

16,195

 

 

$

11,660

 

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

 

$

2,777

 

 

$

2,960

 

 

$

7,822

 

 

$

7,681

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

16,670

 

 

$

11,181

 

 

$

38,091

 

 

$

34,892

 

Canadian Factory-built Housing

 

 

1,091

 

 

 

1,163

 

 

 

2,032

 

 

 

2,592

 

Corporate/Other

 

 

378

 

 

 

220

 

 

 

863

 

 

 

693

 

Consolidated capital expenditures

 

$

18,139

 

 

$

12,564

 

 

$

40,986

 

 

$

38,177

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

December 30, 2023

 

 

April 1,
2023

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

 

 

 

 

 

 

$

1,180,081

 

 

$

708,573

 

Canadian Factory-built Housing (1)

 

 

 

 

 

 

 

 

133,363

 

 

 

124,673

 

Corporate/Other (1)

 

 

 

 

 

 

 

 

555,975

 

 

 

729,478

 

Consolidated total assets

 

 

 

 

 

 

 

$

1,869,419

 

 

$

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.