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Segment Information (Tables)
3 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segments

Selected financial information by reportable segment was as follows:

 

 

 

Three months ended

 

(Dollars in thousands)

 

June 29, 2024

 

 

July 1, 2023

 

Net sales:

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

599,533

 

 

$

428,785

 

Canadian Factory-built Housing

 

 

20,799

 

 

 

26,120

 

Corporate/Other

 

 

7,447

 

 

 

9,864

 

Consolidated net sales

 

$

627,779

 

 

$

464,769

 

Operating income:

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

79,021

 

 

$

74,233

 

Canadian Factory-built Housing EBITDA

 

 

2,879

 

 

 

4,764

 

Corporate/Other EBITDA

 

 

(16,024

)

 

 

(12,171

)

Other (income)

 

 

(1,219

)

 

 

 

Depreciation

 

 

(7,702

)

 

 

(4,633

)

Amortization

 

 

(2,910

)

 

 

(2,959

)

Equity in net loss of affiliates

 

 

1,343

 

 

 

 

Consolidated operating income

 

$

55,388

 

 

$

59,234

 

Depreciation:

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

7,104

 

 

$

4,128

 

Canadian Factory-built Housing

 

 

437

 

 

 

356

 

Corporate/Other

 

 

161

 

 

 

149

 

Consolidated depreciation

 

$

7,702

 

 

$

4,633

 

 

 

 

 

 

 

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

 

$

2,910

 

 

$

2,959

 

Capital expenditures:

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

9,527

 

 

$

9,678

 

Canadian Factory-built Housing

 

 

426

 

 

 

466

 

Corporate/Other

 

 

759

 

 

 

197

 

Consolidated capital expenditures

 

$

10,712

 

 

$

10,341

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

June 29, 2024

 

 

March 30, 2024

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

$

1,239,898

 

 

$

1,239,338

 

Canadian Factory-built Housing (1)

 

 

133,030

 

 

 

132,420

 

Corporate/Other (1)

 

 

614,202

 

 

 

551,583

 

Consolidated total assets

 

$

1,987,130

 

 

$

1,923,341

 

 

(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.