Investment in ECN Capital Corporation	12 Months Ended
Mar. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment in ECN Capital Corporation	6. Investment in ECN Capital Corporation In September 2023, the Company entered into a share subscription agreement with ECN Capital Corp. ("ECN") and made a $137.8 million equity investment in ECN on a private placement basis. The Company purchased 33.6 million common shares, representing approximately 12% of the total outstanding common shares of ECN, and 27.5 million mandatory convertible preferred shares (the “Preferred Shares”). The Preferred Shares receive cumulative cash dividends at an annual rate of 4.0%. Following the private placement, the Company owns approximately 19.9% of the voting shares of ECN. The Company's interest in the common stock investment in ECN is accounted for under the equity method and the Company’s share of the earnings or losses of ECN are recorded on a three-month lag. For the year ended March 30, 2024, the Company's share of ECN's net losses was $7.0 million. At March 30, 2024, the investment in the common stock of ECN totaled $71.9 million, including $3.1 million of capitalized transaction costs, and is included in Other Noncurrent Assets in the accompanying consolidated balance sheets. The aggregate value of the Company’s investment in the common stock of ECN based on quoted market price of ECN’s common stock at March 30, 2024 was approximately $51.6 million. The Company's investment in the Preferred Shares is included in Other Noncurrent Assets in the accompanying consolidated balance sheets. The investment is measured using the measurement alternative for equity investments without a readily determinable fair value. The carrying amount of $64.5 million at March 30, 2024 represents the purchase price and capitalized transaction costs of $2.5 million. There have been no adjustments to the carrying amount or impairment of the investment. For the year ended March 30, 2024, the Company recognized dividend income of $0.6 million in other expense (income) on the accompanying consolidated income statements from the dividend income on the investment in ECN Preferred Shares. ECN, a related party, through its wholly-owned subsidiary Triad Financial Services ("Triad"), provides loan servicing for the Company's floor plan receivables, for which we pay a fee that was immaterial for the period subsequent to the investment in ECN. Triad also provides floor plan financing of the Company's products to independent retailers. At March 30, 2024, the Company had repurchase commitments of $86.7 million on independent retailer floor plan loans outstanding with Triad. See Note 17, Commitments, Contingencies, and Concentrations, for further detail regarding the Company's contingent repurchase obligations.

Investment in ECN Capital Corporation

12 Months Ended

Mar. 30, 2024

Investments, Debt and Equity Securities [Abstract]

6. Investment in ECN Capital Corporation

In September 2023, the Company entered into a share subscription agreement with ECN Capital Corp. ("ECN") and made a $137.8 million equity investment in ECN on a private placement basis. The Company purchased 33.6 million common shares, representing approximately 12% of the total outstanding common shares of ECN, and 27.5 million mandatory convertible preferred shares (the “Preferred Shares”). The Preferred Shares receive cumulative cash dividends at an annual rate of 4.0%. Following the private placement, the Company owns approximately 19.9% of the voting shares of ECN.

The Company's interest in the common stock investment in ECN is accounted for under the equity method and the Company’s share of the earnings or losses of ECN are recorded on a three-month lag. For the year ended March 30, 2024, the Company's share of ECN's net losses was $7.0 million. At March 30, 2024, the investment in the common stock of ECN totaled $71.9 million, including $3.1 million of capitalized transaction costs, and is included in Other Noncurrent Assets in the accompanying consolidated balance sheets. The aggregate value of the Company’s investment in the common stock of ECN based on quoted market price of ECN’s common stock at March 30, 2024 was approximately $51.6 million.

The Company's investment in the Preferred Shares is included in Other Noncurrent Assets in the accompanying consolidated balance sheets. The investment is measured using the measurement alternative for equity investments without a readily determinable fair value. The carrying amount of $64.5 million at March 30, 2024 represents the purchase price and capitalized transaction costs of $2.5 million. There have been no adjustments to the carrying amount or impairment of the investment. For the year ended March 30, 2024, the Company recognized dividend income of $0.6 million in other expense (income) on the accompanying consolidated income statements from the dividend income on the investment in ECN Preferred Shares.

ECN, a related party, through its wholly-owned subsidiary Triad Financial Services ("Triad"), provides loan servicing for the Company's floor plan receivables, for which we pay a fee that was immaterial for the period subsequent to the investment in ECN. Triad also provides floor plan financing of the Company's products to independent retailers. At March 30, 2024, the Company had repurchase commitments of $86.7 million on independent retailer floor plan loans outstanding with Triad. See Note 17, Commitments, Contingencies, and Concentrations, for further detail regarding the Company's contingent repurchase obligations.