Goodwill, Intangible Assets, and Cloud Computing Arrangements

12 Months Ended

Mar. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Intangible Assets, and Cloud Computing Arrangements

Goodwill

Goodwill represents the excess of the cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. At both March 29, 2025 and March 30, 2024, the Company had goodwill of $358.0 million. Goodwill is allocated to reporting units included in the U.S. Factory-built Housing segment, which include the Company’s U.S. manufacturing and retail operations. At March 29, 2025, there were no accumulated impairment losses related to goodwill.

Intangible Assets

The components of amortizable intangible assets were as follows:


(Dollars in thousands)	March 29, 2025									March 30, 2024
	Customer Relationships & Other			Trade Names			Total			Customer Relationships & Other			Trade Names			Total
Gross carrying amount	$	82,634		$	46,284		$	128,918		$	82,909		$	46,393		$	129,302
Accumulated amortization		(46,913	)		(17,293	)		(64,206	)		(39,825	)		(13,108	)		(52,933	)
Amortizable intangibles, net	$	35,721		$	28,991		$	64,712		$	43,084		$	33,285		$	76,369
Weighted average remaining amortization period, in years		4.9			6.8			5.6			5.6			7.7			6.4

Amortization of intangible assets for the fiscal years ended March 29, 2025, March 30, 2024, and April 1, 2023 was $11.7 million, $10.8 million, and $10.6 million respectively. Estimated amortization expense of intangible assets over the next five years is estimated to be (dollars in thousands):


Fiscal 2026	$	11,533
Fiscal 2027		11,492
Fiscal 2028		11,462
Fiscal 2029		7,123
Fiscal 2030		6,255

Cloud Computing Arrangements

The Company capitalizes costs associated with the development of cloud computing arrangements in a manner consistent with internally developed software. At March 29, 2025 and March 30, 2024, the Company had capitalized cloud computing costs, net of accumulated amortization, of $23.0 million and $25.7 million, respectively. Cloud computing costs are included in other noncurrent assets in the accompanying consolidated balance sheets. Amortization of capitalized cloud computing costs for the years ended March 29, 2025, March 30, 2024, and April 1, 2023 was $2.7 million, $0.8 million, and $0.8 million, respectively.