Segment Information

12 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

Segment Information

16.Segment Information

Financial results for the Company's reportable segments have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's chief operating decision maker in allocating resources and in assessing performance. The Company’s chief operating decision maker, the Chief Executive Officer, evaluates the performance of the Company’s segments and allocates resources based on net sales, before elimination of inter-company shipments and earnings before interest, taxes, depreciation and amortization (“EBITDA”).

The Company operates in two reportable segments: (i) U.S. Factory-built Housing, which includes manufacturing and retail housing operations and (ii) Canadian Factory-built Housing. Corporate/Other includes the Company’s transportation operations, the Company's financing activities, corporate costs directly incurred for all segments and intersegment eliminations. Segments are generally determined by geography. Segment data includes intersegment revenues and corporate office costs that are directly and exclusively incurred for each segment. Total assets for Corporate/Other primarily include cash and certain deferred tax items not specifically allocated to another segment.

Beginning in fiscal 2025, the Company adopted ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures". Selected financial information by reportable segment was as follows:

	Year Ended March 29, 2025
(Dollars in thousands)	U.S. Factory-built Housing			Canadian Factory-built Housing			Corporate/Other			Consolidated
Net sales	$	2,357,916		$	94,172		$	31,360		$	2,483,448
Cost of sales(1)		(1,716,443	)		(68,696	)		(8,475	)
Selling, general, and administrative expenses(2)		(311,660	)		(10,786	)		(88,446	)
Other items(3)		—			—			(1,869	)
Segment EBITDA	$	329,813		$	14,690		$	(67,430	)
U.S. Factory-built Housing EBITDA										$	329,813
Canadian Factory-built Housing EBITDA											14,690
Corporate/Other EBITDA											(67,430	)
Depreciation and amortization											(41,910	)
Interest income, net											16,974
Equity in net loss of affiliate											2,004
Net income attributable to non-controlling interest											3,227
Income before income taxes										$	257,368
Depreciation	$	27,857		$	1,780		$	616		$	30,253
Amortization	$	11,657		$	—		$	—		$	11,657
Expenditure for segment assets	$	44,824		$	2,087		$	3,621		$	50,532
Segment assets(4)	$	1,275,488		$	140,230		$	694,690		$	2,110,408

(1)Cost of sales is presented net of depreciation expense.

(2)Selling, general, and administrative expenses are presented net of depreciation and amortization expense.

(3)Other items for Corporate/Other include dividend income, and equity in net loss of affiliates, and non-controlling interest.

(4)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.

	Year Ended March 30, 2024
(Dollars in thousands)	U.S. Factory-built Housing			Canadian Factory-built Housing			Corporate/Other			Consolidated
Net sales	$	1,885,507		$	109,089		$	30,227		$	2,024,823
Cost of sales(1)		(1,425,962	)		(77,176	)		(15,074	)
Selling, general, and administrative expenses(2)		(218,923	)		(10,545	)		(67,028	)
Other items(3)		—			—			(9,627	)
Segment EBITDA	$	240,622		$	21,368		$	(61,502	)
U.S. Factory-built Housing EBITDA										$	240,622
Canadian Factory-built Housing EBITDA											21,368
Corporate/Other EBITDA											(61,502	)
Depreciation and amortization											(34,910	)
Interest income, net											28,254
Equity in net loss of affiliate											7,023
Income before income taxes										$	200,855
Depreciation	$	22,041		$	1,482		$	613		$	24,136
Amortization	$	10,774		$	—		$	—		$	10,774
Expenditure for segment assets	$	47,856		$	3,553		$	1,506		$	52,915
Segment assets(4)	$	1,239,338		$	132,420		$	551,583		$	1,923,341

(1)Cost of sales is presented net of depreciation expense.

(2)Selling, general, and administrative expenses are presented net of depreciation and amortization expense.

(3)Other items for Corporate/Other include acquisition costs, dividend income, and equity in net loss of affiliates.

(4)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.

	Year Ended April 1, 2023
(Dollars in thousands)	U.S. Factory-built Housing			Canadian Factory-built Housing			Corporate/Other			Consolidated
Net sales	$	2,411,342		$	144,289		$	50,929		$	2,606,560
Cost of sales(1)		(1,641,120	)		(98,457	)		(34,409	)
Selling, general, and administrative expenses(2)		(211,234	)		(12,895	)		(63,434	)
Other items(3)		—			—			634
Segment EBITDA	$	558,988		$	32,937		$	(46,280	)
U.S. Factory-built Housing EBITDA										$	558,988
Canadian Factory-built Housing EBITDA											32,937
Corporate/Other EBITDA											(46,280	)
Depreciation and amortization											(26,726	)
Interest income, net											14,977
Income before income taxes										$	533,896
Depreciation	$	13,624		$	1,228		$	1,233		$	16,085
Amortization	$	10,641		$	—		$	—		$	10,641
Expenditure for segment assets	$	47,328		$	4,189		$	727		$	52,244
Segment assets(4)	$	708,573		$	124,673		$	729,478		$	1,562,724

(1)Cost of sales is presented net of depreciation expense.

(2)Selling, general, and administrative expenses are presented net of depreciation and amortization expense.

(3)Other items for Corporate/Other include transaction costs and other income.

(4)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.