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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Apr. 02, 2022
Apr. 03, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE TABLE
 
 
The following table provides information regarding compensation actually paid to our Principle Executive Officer (“PEO”) and non-PEO NEOs during the last four fiscal years, as well as total shareholder return, net income and revenue.
 
  
 
 
Summary
Compensation
Table Total
for PEO ($)
(1)
 
Compensation
Actually Paid
to PEO
($) 
(1) (2)
 
Average
Summary
Compensation
Table Total
for
Non-PEO

Named
Executive
Officers ($) 
(3)
 
Average
Compensation
Actually Paid
to
Non-PEO

Named
Executive
Officers ($) 
(3)
(4)
 
Value of Initial Fixed
$100 Investment Based
on:
 
Net
Income (in
thousands)
($)
 
Company Selected
  Measure—Revenue  
(in thousands)
($) 
(6)
Year
 
Cumulative
Total
Shareholder
Return ($)
 
Cumulative
Peer Group
Shareholder
Return
($) (5)
2024
      5,672,498       4,968,664       1,756,948       1,609,135       542.16       416.21       146,696       2,024,823
2023
      8,077,646       11,308,701       2,807,914       3,727,096       479.78       273.42       401,802       2,606,560
2022
      5,765,742       9,156,467       2,160,329       3,003,453       350.00       217.54       248,044       2,207,229
2021
      2,635,562       7,280,148       1,104,635       2,446,060       288.65       269.19       84,899       1,420,881
 
Year
 
Summary
Compensation
Table Total
for PEO ($)
 
Less: Grant Date
Fair Value of
Equity Awards
Granted in Fiscal
Year ($)
 
Plus: Fair Value
of Unvested
Equity at Fiscal
Year-End

(Current Year
Awards) ($)
 
Plus:
Increase/(Decrease)
in Fair Value of
Equity Vested
During Fiscal Year
($)
 
Plus:
Increase/(Decrease)
in Fair Value of
Unvested Equity at
Fiscal
Year-End

(Prior Year Awards)
($)
 
 Compensation 
Actually Paid to
PEO ($)
2024
      5,672,498       (4,908,968 )       4,908,968       96,634       (800,468 )       4,968,664
2023
      8,077,646       (5,822,066 )       6,585,723       746,685       1,720,714       11,308,701
2022
      5,765,742       (3,660,296 )       2,908,784       2,538,546       1,603,691       9,156,467
2021
      2,635,562       (1,247,012 )       2,278,688       916,685       2,696,225       7,280,148
 
Year
 
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs ($) (3)
 
Less: Grant Date
Fair Value of
Equity Awards
Granted in
Fiscal Year ($)
 
Plus: Average Fair
Value of Unvested
Equity at Fiscal
Year-End
(Current
Year Awards) ($)
 
Plus:
Increase/(Decrease)
in Fair Value of
Equity Vested
During Fiscal Year
($)
 
Plus:
Increase/(Decrease)
in Fair Value of
Unvested Equity at
Fiscal
Year-End

(Prior Year Awards)
($)
 
Average
 Compensation 
Actually Paid
to Non-PEO

NEOs ($)
2024
      1,756,948       (1,328,377 )       1,328,377       62,140       (209,953 )       1,609,135
2023
      2,807,914       (1,618,567 )       1,830,868       161,192       545,689       3,727,096
2022
      2,160,329       (1,125,595 )       936,428       647,903       384,389       3,003,453
2021
      1,104,635       (383,918 )       701,542       276,522       747,279       2,446,060
 
 
LOGO
 
(1)
 
For the four years presented, Mark Yost, President and CEO served as the Company’s PEO. The amounts shown in the “Summary Compensation Table Total for PEO” column reflect the amounts of total compensation reported for Mr. Yost for each corresponding year in the “Total” column of the Summary Compensation Table.
 
(2)
 
Adjustments to the Summary Compensation Table Total to arrive at Compensation Actually Paid (“CAP”) for our PEO are shown below. No adjustments were necessary for defined benefit and pension plans, dividends, equity awards granted and vested during the same fiscal year, or forfeitures. The assumptions used for determining the fair values shown in this table are materially consistent with those used to determine the fair values disclosed as of the grant date of such awards.
 
(3)
 
Non-PEO NEOs were: Laurie Hough, Tim Larson, Joseph Kimmel, and Wade Lyall in fiscal 2024 and 2023; Laurie Hough, Tim Larson, Joseph Kimmel, Wade Lyall, and Robert Spence in fiscal 2022; and Laurie Hough, Joseph Kimmel, Wade Lyall, and Robert Spence in fiscal 2021.
 
(4)
 
Adjustments to the Summary Compensation Table Total to arrive at CAP for non-PEO NEOs are shown below. No adjustments were necessary for defined benefit and pension plans, dividends, equity awards granted and vested during the same fiscal year, or forfeitures.
 
(5)
 
The peer group consists of Beazer Homes USA, Cavco Industries, Century Communities, LGI Homes, MDC Holdings, M/I Homes, Meritage Homes, Quanex Building Products Corp, and Tri Pointe Group, which is the same peer group we use in our fiscal 2024 Annual Report on Form 10-K. The peer group TSR calculation is weighted by market capitalization at the beginning of the applicable period. The comparison assumes $100 was invested for the period starting March 28, 2020, through the end of the listed fiscal year. The below graph illustrates the relationship between our Cumulative TSR and peer group TSR, and the relationship between our CAP and the cumulative TSR for the Company and our peer group:
     
Company Selected Measure Name Revenue      
Named Executive Officers, Footnote Non-PEO NEOs were: Laurie Hough, Tim Larson, Joseph Kimmel, and Wade Lyall in fiscal 2024 and 2023; Laurie Hough, Tim Larson, Joseph Kimmel, Wade Lyall, and Robert Spence in fiscal 2022; and Laurie Hough, Joseph Kimmel, Wade Lyall, and Robert Spence in fiscal 2021.      
Peer Group Issuers, Footnote The peer group consists of Beazer Homes USA, Cavco Industries, Century Communities, LGI Homes, MDC Holdings, M/I Homes, Meritage Homes, Quanex Building Products Corp, and Tri Pointe Group, which is the same peer group we use in our fiscal 2024 Annual Report on Form 10-K.      
PEO Total Compensation Amount $ 5,672,498 $ 8,077,646 $ 5,765,742 $ 2,635,562
PEO Actually Paid Compensation Amount $ 4,968,664 11,308,701 9,156,467 7,280,148
Adjustment To PEO Compensation, Footnote
(2)
 
Adjustments to the Summary Compensation Table Total to arrive at Compensation Actually Paid (“CAP”) for our PEO are shown below. No adjustments were necessary for defined benefit and pension plans, dividends, equity awards granted and vested during the same fiscal year, or forfeitures. The assumptions used for determining the fair values shown in this table are materially consistent with those used to determine the fair values disclosed as of the grant date of such awards.
 
Year
 
Summary
Compensation
Table Total
for PEO ($)
 
Less: Grant Date
Fair Value of
Equity Awards
Granted in Fiscal
Year ($)
 
Plus: Fair Value
of Unvested
Equity at Fiscal
Year-End

(Current Year
Awards) ($)
 
Plus:
Increase/(Decrease)
in Fair Value of
Equity Vested
During Fiscal Year
($)
 
Plus:
Increase/(Decrease)
in Fair Value of
Unvested Equity at
Fiscal
Year-End

(Prior Year Awards)
($)
 
 Compensation 
Actually Paid to
PEO ($)
2024
      5,672,498       (4,908,968 )       4,908,968       96,634       (800,468 )       4,968,664
2023
      8,077,646       (5,822,066 )       6,585,723       746,685       1,720,714       11,308,701
2022
      5,765,742       (3,660,296 )       2,908,784       2,538,546       1,603,691       9,156,467
2021
      2,635,562       (1,247,012 )       2,278,688       916,685       2,696,225       7,280,148
 
     
Non-PEO NEO Average Total Compensation Amount $ 1,756,948 2,807,914 2,160,329 1,104,635
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,609,135 3,727,096 3,003,453 2,446,060
Adjustment to Non-PEO NEO Compensation Footnote
 
(4)
 
Adjustments to the Summary Compensation Table Total to arrive at CAP for non-PEO NEOs are shown below. No adjustments were necessary for defined benefit and pension plans, dividends, equity awards granted and vested during the same fiscal year, or forfeitures.
 
Year
 
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs ($) (3)
 
Less: Grant Date
Fair Value of
Equity Awards
Granted in
Fiscal Year ($)
 
Plus: Average Fair
Value of Unvested
Equity at Fiscal
Year-End
(Current
Year Awards) ($)
 
Plus:
Increase/(Decrease)
in Fair Value of
Equity Vested
During Fiscal Year
($)
 
Plus:
Increase/(Decrease)
in Fair Value of
Unvested Equity at
Fiscal
Year-End

(Prior Year Awards)
($)
 
Average
 Compensation 
Actually Paid
to Non-PEO

NEOs ($)
2024
      1,756,948       (1,328,377 )       1,328,377       62,140       (209,953 )       1,609,135
2023
      2,807,914       (1,618,567 )       1,830,868       161,192       545,689       3,727,096
2022
      2,160,329       (1,125,595 )       936,428       647,903       384,389       3,003,453
2021
      1,104,635       (383,918 )       701,542       276,522       747,279       2,446,060
     
Compensation Actually Paid vs. Total Shareholder Return
 
 
LOGO
     
Compensation Actually Paid vs. Net Income
 
LOGO
 
     
Compensation Actually Paid vs. Company Selected Measure
LOGO
 
     
Total Shareholder Return Vs Peer Group
 
 
LOGO
 
     
Tabular List, Table
We structure our executive compensation program to award compensation that depends on, and rewards executives on the basis of individual and Company short and long-term performance and thereby fosters a pay-for-performance culture. The Compensation Committee selects the metrics used for both our short-term and long-term incentive awards because it believes they effectively drive financial and operational performance and incentivize our executives to pursue actions that create sustainable shareholder value. The financial performance measures used by the Company for fiscal 2024 to align the compensation actually paid to the Company’s NEOs to Company performance are:
 
Financial Performance Measures
Revenue
Earnings per Share
Relative Total Shareholder Return
Single Family Home Completion Market Share
     
Total Shareholder Return Amount $ 542.16 479.78 350 288.65
Peer Group Total Shareholder Return Amount 416.21 273.42 217.54 269.19
Net Income (Loss) $ 146,696,000 $ 401,802,000 $ 248,044,000 $ 84,899,000
Company Selected Measure Amount 2,024,823,000 2,606,560,000 2,207,229,000 1,420,881,000
PEO Name Mark Yost      
Measure:: 1        
Pay vs Performance Disclosure        
Name Revenue      
Measure:: 2        
Pay vs Performance Disclosure        
Name Earnings per Share      
Measure:: 3        
Pay vs Performance Disclosure        
Name Relative Total Shareholder Return      
Measure:: 4        
Pay vs Performance Disclosure        
Name Single Family Home Completion Market Share      
PEO | Grant Date Fair Value of Equity Awards Granted in Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (4,908,968) $ (5,822,066) $ (3,660,296) $ (1,247,012)
PEO | Fair Value of Unvested Equity at Fiscal YearEnd (Current Year Awards) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,908,968 6,585,723 2,908,784 2,278,688
PEO | Increase (Decrease) in Fair Value of Equity Vested During Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 96,634 746,685 2,538,546 916,685
PEO | Increase (Decrease) in Fair Value of Unvested Equity at Fiscal YearEnd (Prior Year Awards) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (800,468) 1,720,714 1,603,691 2,696,225
Non-PEO NEO | Grant Date Fair Value of Equity Awards Granted in Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,328,377) (1,618,567) (1,125,595) (383,918)
Non-PEO NEO | Fair Value of Unvested Equity at Fiscal YearEnd (Current Year Awards) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,328,377 1,830,868 936,428 701,542
Non-PEO NEO | Increase (Decrease) in Fair Value of Equity Vested During Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 62,140 161,192 647,903 276,522
Non-PEO NEO | Increase (Decrease) in Fair Value of Unvested Equity at Fiscal YearEnd (Prior Year Awards) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (209,953) $ 545,689 $ 384,389 $ 747,279