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Warranties
3 Months Ended
Jun. 30, 2012
Warranties/Commitments and Contingencies [Abstract]  
Warranties

10. Warranties

Homes are generally warranted against manufacturing defects for a period of one year commencing at the time of sale to the retail customer. Estimated costs relating to home warranties are provided at the date of sale. The Company has recorded a liability for estimated future warranty costs relating to homes sold based upon management’s assessment of historical experience factors, an estimate of the amount of homes in the distribution channel and current industry trends. Activity in the liability for estimated warranties was as follows (in thousands):

 

                 
    Three Months Ended  
    June 30,  
    2012     2011  

Balance at beginning of period

  $ 9,456     $ 9,371  

Liability assumed with

               

Palm Harbor transaction

    —         1,932  
     

Charged to costs and expenses

    2,673       3,006  

Payments and deductions

    (3,047     (2,826
   

 

 

   

 

 

 

Balance at end of period

  $ 9,082     $ 11,483