XML 56 R42.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Information (Tables)
12 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segments 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.