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Segment Information (Tables)
 9 Months Ended
Dec. 28, 2019
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segments

Selected financial information by reportable segment was as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(Dollars in thousands)

 

December 28,

2019

 

 

December 29,

2018

 

 

December 28,

2019

 

 

December 29,

2018

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

304,818

 

 

$

309,518

 

 

$

949,253

 

 

$

882,257

 

Canadian Factory-built Housing

 

 

22,809

 

 

 

27,130

 

 

 

72,916

 

 

 

79,885

 

Corporate/Other

 

 

14,612

 

 

 

18,023

 

 

 

46,416

 

 

 

70,226

 

Consolidated net sales

 

$

342,239

 

 

$

354,671

 

 

$

1,068,585

 

 

$

1,032,368

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

33,165

 

 

$

30,637

 

 

$

104,624

 

 

$

80,240

 

Canadian Factory-built Housing EBITDA

 

 

1,786

 

 

 

2,569

 

 

 

9,085

 

 

 

9,123

 

Corporate/Other EBITDA

 

 

(6,771

)

 

 

(12,741

)

 

 

(26,177

)

 

 

(120,937

)

Depreciation

 

 

(3,171

)

 

 

(2,944

)

 

 

(9,826

)

 

 

(8,219

)

Amortization

 

 

(1,345

)

 

 

(1,633

)

 

 

(4,069

)

 

 

(3,316

)

Consolidated operating income (loss)

 

$

23,664

 

 

$

15,888

 

 

$

73,637

 

 

$

(43,109

)

Depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

2,659

 

 

$

2,486

 

 

$

8,365

 

 

$

6,946

 

Canadian Factory-built Housing

 

 

255

 

 

 

237

 

 

 

744

 

 

 

695

 

Corporate/Other

 

 

257

 

 

 

221

 

 

 

717

 

 

 

578

 

Consolidated depreciation

 

$

3,171

 

 

$

2,944

 

 

$

9,826

 

 

$

8,219

 

Amortization of intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

1,345

 

 

$

1,572

 

 

$

4,069

 

 

$

3,134

 

Canadian Factory-built Housing

 

 

—

 

 

 

61

 

 

 

—

 

 

 

182

 

Corporate/Other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consolidated amortization of intangible assets

 

$

1,345

 

 

$

1,633

 

 

$

4,069

 

 

$

3,316

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

1,981

 

 

$

1,463

 

 

$

9,483

 

 

$

4,919

 

Canadian Factory-built Housing

 

 

414

 

 

 

158

 

 

 

842

 

 

 

572

 

Corporate/Other

 

 

306

 

 

 

1,322

 

 

 

1,785

 

 

 

2,136

 

Consolidated capital expenditures

 

$

2,701

 

 

$

2,943

 

 

$

12,110

 

 

$

7,627

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

December 28,

2019

 

 

March 30,

2019

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

 

 

 

 

 

 

 

 

$

474,427

 

 

$

488,878

 

Canadian Factory-built Housing (1)

 

 

 

 

 

 

 

 

 

 

62,430

 

 

 

59,260

 

Corporate/Other (1)

 

 

 

 

 

 

 

 

 

 

187,621

 

 

 

151,816

 

Consolidated total assets

 

 

 

 

 

 

 

 

 

$

724,478

 

 

$

699,954

 

 

(1)

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.