Income Taxes (Tables)

12 Months Ended

Mar. 29, 2025

Income Tax Disclosure [Abstract]

Schedule of Pretax Income

Pretax income for the fiscal years ended March 29, 2025, March 30, 2024, and April 1, 2023 was attributable to the following tax jurisdictions:

	Year Ended
(Dollars in thousands)	March 29, 2025		March 30, 2024		April 1, 2023
Domestic	$	237,329	$	175,465	$	499,715
Foreign		20,039		25,390		34,181
Income before income taxes	$	257,368	$	200,855	$	533,896

Schedule of Income Tax Provision by Jurisdiction

The income tax provision by jurisdiction for the fiscal years ended March 29, 2025, March 30, 2024, and April 1, 2023 was as follows:

	Year Ended
(Dollars in thousands)	March 29, 2025			March 30, 2024			April 1, 2023
Current:
U.S. federal	$	48,065		$	37,105		$	98,242
Foreign		3,905			5,058			8,560
State		12,270			11,200			24,000
Total current	$	64,240		$	53,363		$	130,802
Deferred
U.S. federal	$	(10,530	)	$	(6,873	)	$	78
Foreign		1,361			2,249			1,440
State		(1,347	)		(1,603	)		(226	)
Total deferred	$	(10,516	)	$	(6,227	)	$	1,292
Total income tax expense	$	53,724		$	47,136		$	132,094

Schedule of Income Tax Expense

Income tax expense differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to income before income taxes as a result of the following differences:

	Year Ended
(Dollars in thousands)	March 29, 2025			March 30, 2024			April 1, 2023
Tax expense at U.S federal statutory rate	$	54,047		$	42,180		$	112,118
Increase (decrease) in rate resulting from:
State taxes, net of U.S. federal benefit	$	8,420		$	7,575		$	18,956
Change in net operating loss carryforward		6,343			—			—
Non-deductible compensation due to Section 162(m)		1,486			2,435			1,924
Recognition of foreign investment basis difference		822			955			1,249
Foreign tax rate differences		793			1,134			1,566
Change in deferred tax valuation allowance		(6,659	)		(333	)		(703	)
U.S. tax credits		(11,820	)		(6,129	)		(2,694	)
Other		292			(681	)		(322	)
Total income tax expense	$	53,724		$	47,136		$	132,094

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities at March 29, 2025 and March 30, 2024 consisted of the following:

(Dollars in thousands)	March 29, 2025			March 30, 2024
ASSETS
Warranty reserves		12,759			11,328
Capitalized research expenditures		11,733			6,312
Employee compensation		8,427			4,245
Accrued product liability - water intrusion		8,291			8,353
Lease assets		8,034			9,573
Intangible assets		7,733			8,448
Self-insurance reserves		5,899			4,840
Equity-based compensation		3,800			4,720
Inventory reserves and impairments		3,688			3,427
Dealer volume discounts		2,354			1,821
Foreign net operating loss carryforwards		—			6,343
Other		5,391			3,323
Gross deferred tax assets	$	78,109		$	72,733
LIABILITIES
Property, plant, and equipment	$	21,559		$	20,329
Lease liabilities		7,908			9,553
Foreign tax basis difference in investments		7,350			6,905
Intangible assets		4,705			3,418
Other		893			850
Gross deferred tax liabilities		42,415			41,055
Valuation allowance		(5,046	)		(11,705	)
Net deferred tax assets	$	30,648		$	19,973