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Segment Information (Tables)
 9 Months Ended
Dec. 28, 2024
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 28, 2024

 

 

December 30, 2023

 

 

December 28, 2024

 

 

December 30, 2023

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

610,757

 

 

$

521,124

 

 

$

1,797,417

 

 

$

1,378,041

 

Canadian Factory-built Housing

 

 

25,692

 

 

 

30,803

 

 

 

68,725

 

 

 

86,179

 

Corporate/Other

 

 

8,476

 

 

 

7,528

 

 

 

23,439

 

 

 

24,240

 

Consolidated net sales

 

$

644,925

 

 

$

559,455

 

 

$

1,889,581

 

 

$

1,488,460

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

97,449

 

 

$

71,862

 

 

$

264,918

 

 

$

210,847

 

Canadian Factory-built Housing EBITDA

 

 

4,573

 

 

 

6,473

 

 

 

10,431

 

 

 

17,000

 

Corporate/Other EBITDA

 

 

(17,105

)

 

 

(13,271

)

 

 

(49,656

)

 

 

(39,201

)

Other (income) expense

 

 

(2,158

)

 

 

756

 

 

 

(3,363

)

 

 

2,821

 

Depreciation

 

 

(7,784

)

 

 

(6,862

)

 

 

(22,029

)

 

 

(16,195

)

Amortization

 

 

(2,889

)

 

 

(2,777

)

 

 

(8,767

)

 

 

(7,822

)

Equity in net (income) loss of affiliates

 

 

(568

)

 

 

—

 

 

 

1,466

 

 

 

—

 

Net income attributable to non-controlling interest

 

 

1,290

 

 

 

—

 

 

 

1,874

 

 

 

—

 

Consolidated operating income

 

$

72,808

 

 

$

56,181

 

 

$

194,874

 

 

$

167,450

 

Depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

7,172

 

 

$

6,332

 

 

$

20,220

 

 

$

14,658

 

Canadian Factory-built Housing

 

 

462

 

 

 

372

 

 

 

1,347

 

 

 

1,084

 

Corporate/Other

 

 

150

 

 

 

158

 

 

 

462

 

 

 

453

 

Consolidated depreciation

 

$

7,784

 

 

$

6,862

 

 

$

22,029

 

 

$

16,195

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

2,889

 

 

$

2,777

 

 

$

8,767

 

 

$

7,822

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

12,124

 

 

$

16,670

 

 

$

34,116

 

 

$

38,091

 

Canadian Factory-built Housing

 

 

213

 

 

 

1,091

 

 

 

1,087

 

 

 

2,032

 

Corporate/Other

 

 

807

 

 

 

378

 

 

 

2,768

 

 

 

863

 

Consolidated capital expenditures

 

$

13,144

 

 

$

18,139

 

 

$

37,971

 

 

$

40,986

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

December 28, 2024

 

 

March 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

 

 

 

 

 

 

$

1,235,694

 

 

$

1,239,338

 

Canadian Factory-built Housing (1)

 

 

 

 

 

 

 

 

131,779

 

 

 

132,420

 

Corporate/Other (1)

 

 

 

 

 

 

 

 

669,996

 

 

 

551,583

 

Consolidated total assets

 

 

 

 

 

 

 

$

2,037,469

 

 

$

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.