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Earnings Per Share | 9 Months Ended
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Dec. 29, 2012
Earnings Per Share [Abstract] |
Earnings Per Share | 17. Earnings Per Share Basic earnings per common share is computed based on the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per common share is computed based on the combination of dilutive common share equivalents, comprised of shares issuable under the Company’s share-based compensation plans and the weighted-average number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money options to purchase shares, which is calculated based on the average share price for each period using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share (dollars in thousands, except per share amounts):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 29, |  |  | December 31, |  |  | December 29, |  |  | December 31, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Net income attributable to Cavco common stockholders |  | $ | 1,457 |  |  | $ | 1,677 |  |  | $ | 3,571 |  |  | $ | 13,584 |
Weighted average shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 6,967,954 |  |  |  | 6,890,517 |  |  |  | 6,953,037 |  |  |  | 6,873,078 |
Common stock equivalents—treasury stock method |  |  | 69,379 |  |  |  | 61,441 |  |  |  | 65,243 |  |  |  | 62,976 |
Diluted |  |  | 7,037,333 |  |  |  | 6,951,958 |  |  |  | 7,018,280 |  |  |  | 6,936,054 |
Net income per share attributable to Cavco common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.21 |  |  | $ | 0.24 |  |  | $ | 0.51 |  |  | $ | 1.98 |
Diluted |  | $ | 0.21 |  |  | $ | 0.24 |  |  | $ | 0.51 |  |  | $ | 1.96 |
Anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the three months ended December 29, 2012 and December 31, 2011 were 14,389 and 20,427, respectively. There were 7,103 and 5,742 anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the nine months ended December 29, 2012 and December 31, 2011, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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