XML 40 R34.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information (Tables)
 6 Months Ended
Sep. 28, 2024
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 28, 2024

 

 

September 30, 2023

 

 

September 28, 2024

 

 

September 30, 2023

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

587,127

 

 

$

428,132

 

 

$

1,186,660

 

 

$

856,917

 

Canadian Factory-built Housing

 

 

22,234

 

 

 

29,256

 

 

 

43,033

 

 

 

55,376

 

Corporate/Other

 

 

7,516

 

 

 

6,848

 

 

 

14,963

 

 

 

16,712

 

Consolidated net sales

 

$

616,877

 

 

$

464,236

 

 

$

1,244,656

 

 

$

929,005

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

88,448

 

 

 

64,752

 

 

$

167,469

 

 

$

138,985

 

Canadian Factory-built Housing EBITDA

 

 

2,979

 

 

 

5,763

 

 

 

5,858

 

 

 

10,527

 

Corporate/Other EBITDA

 

 

(15,943

)

 

 

(13,759

)

 

 

(31,967

)

 

 

(25,930

)

Other expense (income)

 

 

14

 

 

 

2,065

 

 

 

(1,205

)

 

 

2,065

 

Depreciation

 

 

(6,543

)

 

 

(4,700

)

 

 

(14,245

)

 

 

(9,333

)

Amortization

 

 

(2,968

)

 

 

(2,086

)

 

 

(5,878

)

 

 

(5,045

)

Equity in net loss of affiliates

 

 

691

 

 

 

—

 

 

 

2,034

 

 

 

—

 

Consolidated operating income

 

$

66,678

 

 

$

52,035

 

 

$

122,066

 

 

$

111,269

 

Depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

5,944

 

 

$

4,198

 

 

$

13,048

 

 

$

8,326

 

Canadian Factory-built Housing

 

 

448

 

 

 

356

 

 

 

885

 

 

 

712

 

Corporate/Other

 

 

151

 

 

 

146

 

 

 

312

 

 

 

295

 

Consolidated depreciation

 

$

6,543

 

 

$

4,700

 

 

$

14,245

 

 

$

9,333

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

2,968

 

 

$

2,086

 

 

$

5,878

 

 

$

5,045

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

12,465

 

 

$

11,743

 

 

$

21,992

 

 

$

21,421

 

Canadian Factory-built Housing

 

 

448

 

 

 

475

 

 

 

874

 

 

 

941

 

Corporate/Other

 

 

1,202

 

 

 

288

 

 

 

1,961

 

 

 

485

 

Consolidated capital expenditures

 

$

14,115

 

 

$

12,506

 

 

$

24,827

 

 

$

22,847

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

September 28, 2024

 

 

March 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

 

 

 

 

 

 

$

1,251,635

 

 

$

1,239,338

 

Canadian Factory-built Housing (1)

 

 

 

 

 

 

 

 

137,703

 

 

 

132,420

 

Corporate/Other (1)

 

 

 

 

 

 

 

 

638,334

 

 

 

551,583

 

Consolidated total assets

 

 

 

 

 

 

 

$

2,027,672

 

 

$

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.