Segment Information

9 Months Ended

Dec. 27, 2025

Segment Reporting [Abstract]

Segment Information

13. 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 primarily based on net sales, before elimination of inter-company shipments, earnings before interest, taxes, depreciation, and amortization (“EBITDA”) and operating assets.

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 U.S. 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:

	Three months ended December 27, 2025
(Dollars in thousands)	U.S. Factory-built Housing			Canadian Factory-built Housing			Corporate/Other			Consolidated
Net sales	$	622,364		$	25,790		$	8,460		$	656,614
Cost of sales(1)		(457,549	)		(18,213	)		(1,259	)
Selling, general, and administrative expenses(2)		(78,084	)		(2,726	)		(24,052	)
Other items(3)		—			—			466
Segment EBITDA	$	86,731		$	4,851		$	(16,385	)
U.S. Factory-built Housing EBITDA										$	86,731
Canadian Factory-built Housing EBITDA											4,851
Corporate/Other EBITDA											(16,385	)
Depreciation and amortization											(12,265	)
Interest income, net											3,779
Equity in net loss of affiliate											(913	)
Net income attributable to non-controlling interest											1,668
Income before income taxes										$	67,466
Depreciation	$	8,407		$	749		$	156		$	9,312
Amortization	$	2,953		$	—		$	—		$	2,953
Expenditure for segment assets	$	6,706		$	346		$	45		$	7,097
Segment assets(4)	$	1,252,251		$	152,424		$	709,640		$	2,114,315

(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, 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.

	Nine months ended December 27, 2025
(Dollars in thousands)	U.S. Factory-built Housing			Canadian Factory-built Housing			Corporate/Other			Consolidated
Net sales	$	1,933,351		$	82,028		$	26,982		$	2,042,361
Cost of sales(1)		(1,407,646	)		(57,882	)		(4,909	)
Selling, general, and administrative expenses(2)		(239,956	)		(13,547	)		(66,794	)
Other items(3)		—			—			(2,304	)
Segment EBITDA	$	285,749		$	10,599		$	(47,025	)
U.S. Factory-built Housing EBITDA										$	285,749
Canadian Factory-built Housing EBITDA											10,599
Corporate/Other EBITDA											(47,025	)
Depreciation and amortization											(35,825	)
Interest income, net											12,349
Equity in net loss of affiliate											(203	)
Net income attributable to non-controlling interest											4,869
Income before income taxes										$	230,513
Depreciation	$	24,819		$	1,678		$	478		$	26,975
Amortization	$	8,850		$	—		$	—		$	8,850
Expenditure for segment assets	$	23,141		$	839		$	934		$	24,914
Segment assets(4)	$	1,252,251		$	152,424		$	709,640		$	2,114,315

(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, 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.

	Three months ended December 28, 2024
(Dollars in thousands)	U.S. Factory-built Housing			Canadian Factory-built Housing			Corporate/Other			Consolidated
Net sales	$	610,757		$	25,692		$	8,476		$	644,925
Cost of sales(1)		(437,039	)		(18,482	)		(1,742	)
Selling, general, and administrative expenses(2)		(76,269	)		(2,637	)		(25,275	)
Other items(3)		—			—			1,436
Segment EBITDA	$	97,449		$	4,573		$	(17,105	)
U.S. Factory-built Housing EBITDA										$	97,449
Canadian Factory-built Housing EBITDA											4,573
Corporate/Other EBITDA											(17,105	)
Depreciation and amortization											(10,673	)
Interest income, net											3,991
Equity in net loss of affiliate											(568	)
Net income attributable to non-controlling interest											1,290
Income before income taxes										$	78,957
Depreciation	$	7,172		$	462		$	150		$	7,784
Amortization	$	2,889		$	—		$	—		$	2,889
Expenditure for segment assets	$	12,124		$	213		$	1,344		$	13,681
Segment assets(4)	$	1,235,694		$	131,779		$	669,996		$	2,037,469

(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, equity in net loss of affiliate 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.

	Nine months ended December 28, 2024
(Dollars in thousands)	U.S. Factory-built Housing			Canadian Factory-built Housing			Corporate/Other			Consolidated
Net sales	$	1,797,417		$	68,725		$	23,439		$	1,889,581
Cost of sales(1)		(1,301,549	)		(50,501	)		(7,006	)
Selling, general, and administrative expenses(2)		(230,950	)		(7,793	)		(69,044	)
Other items(3)		—			—			2,955
Segment EBITDA	$	264,918		$	10,431		$	(49,656	)
U.S. Factory-built Housing EBITDA										$	264,918
Canadian Factory-built Housing EBITDA											10,431
Corporate/Other EBITDA											(49,656	)
Depreciation and amortization											(30,796	)
Interest income, net											12,977
Equity in net income of affiliate											1,466
Net income attributable to non-controlling interest											1,874
Income before income taxes										$	211,214
Depreciation	$	20,220		$	1,347		$	462		$	22,029
Amortization	$	8,767		$	—		$	—		$	8,767
Expenditure for segment assets	$	34,116		$	1,087		$	2,768		$	37,971
Segment assets(4)	$	1,235,694		$	131,779		$	669,996		$	2,037,469

(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, 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.