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Segment Information (Tables)
 6 Months Ended
Sep. 26, 2020
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segments

Selected financial information by reportable segment was as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(Dollars in thousands)

 

September 26,

2020

 

 

September 28,

2019

 

 

September 26,

2020

 

 

September 28,

2019

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

283,360

 

 

$

312,830

 

 

$

532,219

 

 

$

644,435

 

Canadian Factory-built Housing

 

 

24,558

 

 

 

26,407

 

 

 

39,753

 

 

 

50,107

 

Corporate/Other

 

 

14,448

 

 

 

15,221

 

 

 

23,679

 

 

 

31,804

 

Consolidated net sales

 

$

322,366

 

 

$

354,458

 

 

$

595,651

 

 

$

726,346

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

28,697

 

 

$

35,314

 

 

$

53,090

 

 

$

71,459

 

Canadian Factory-built Housing EBITDA

 

 

5,951

 

 

 

4,244

 

 

 

10,857

 

 

 

7,299

 

Corporate/Other EBITDA

 

 

(6,221

)

 

 

(8,998

)

 

 

(13,828

)

 

 

(19,406

)

Other income

 

 

(2,599

)

 

 

—

 

 

 

(6,813

)

 

 

—

 

Depreciation

 

 

(3,048

)

 

 

(3,545

)

 

 

(5,969

)

 

 

(6,655

)

Amortization

 

 

(1,360

)

 

 

(1,362

)

 

 

(2,721

)

 

 

(2,724

)

Consolidated operating income

 

$

21,420

 

 

$

25,653

 

 

$

34,616

 

 

$

49,973

 

Depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

2,391

 

 

$

3,068

 

 

$

4,789

 

 

$

5,706

 

Canadian Factory-built Housing

 

 

248

 

 

 

247

 

 

 

363

 

 

 

489

 

Corporate/Other

 

 

409

 

 

 

230

 

 

 

817

 

 

 

460

 

Consolidated depreciation

 

$

3,048

 

 

$

3,545

 

 

$

5,969

 

 

$

6,655

 

Amortization of intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

1,360

 

 

$

1,362

 

 

$

2,721

 

 

$

2,724

 

Canadian Factory-built Housing

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Corporate/Other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consolidated amortization of intangible assets

 

$

1,360

 

 

$

1,362

 

 

$

2,721

 

 

$

2,724

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

1,054

 

 

$

4,144

 

 

$

1,939

 

 

$

7,502

 

Canadian Factory-built Housing

 

 

85

 

 

 

317

 

 

 

242

 

 

 

428

 

Corporate/Other

 

 

102

 

 

 

422

 

 

 

371

 

 

 

1,479

 

Consolidated capital expenditures

 

$

1,241

 

 

$

4,883

 

 

$

2,552

 

 

$

9,409

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

September 26,

2020

 

 

March 28,

2020

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

 

 

 

 

 

 

 

 

$

489,399

 

 

$

491,110

 

Canadian Factory-built Housing (1)

 

 

 

 

 

 

 

 

 

 

68,696

 

 

 

56,760

 

Corporate/Other (1)

 

 

 

 

 

 

 

 

 

 

271,376

 

 

 

233,830

 

Consolidated total assets

 

 

 

 

 

 

 

 

 

$

829,471

 

 

$

781,700

 

 

(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.