XML 34 R37.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Debt Obligations (Tables) | 9 Months Ended
--- | ---
Dec. 29, 2012
Debt Obligations [Abstract] |
Debt Obligations | Debt obligations consist of the following (in thousands):
|  | December 29, |  |  | March 31, |
|  | 2012 |  |  | 2012 |
Securitized financing 2005-1 |  | $ | 41,024 |  |  | $ | 44,726 |
Securitized financing 2007-1 |  |  | 43,500 |  |  |  | 46,749 |
Construction lending lines |  |  | — |  |  |  | 4,550 |
|  | $ | 84,524 |  |  | $ | 96,025 |
Acquired Securitized Financings | The following table summarizes securitized financings (in thousands):
|  | December 29, |  |  | March 31, |
|  | 2012 |  |  | 2012 |
Securitized financings – contractual amount |  | $ | 106,768 |  |  | $ | 117,507 |
Purchase Discount |  |  |  |  |  |  |  |
Accretable |  |  | (22,244 | ) |  |  | (26,032 | )
Non-accretable (1) |  |  | — |  |  |  | — |
Total securitized financings, net |  | $ | 84,524 |  |  | $ | 91,475 |
(1) | As the contractual payments on acquired securitized financing are determined by the cash collections from the underlying loans, the Company expects that there will not be a non-accretable difference.
Accretable Yield Movement on Acquired Securitized Financings | The changes in accretable yield on securitized financings were as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 29, |  |  | December 31, |  |  | December 29, |  |  | December 31, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Balance at the beginning of the period |  | $ | 23,679 |  |  | $ | 29,779 |  |  | $ | 26,032 |  |  | $ | — |
Additions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 32,072 |
Accretion |  |  | (1,245 | ) |  |  | (1,521 | ) |  |  | (3,988 | ) |  |  | (3,814 | )
Adjustment to cash flows (1) |  |  | (190 | ) |  |  | — |  |  |  | 200 |  |  |  | — |
Balance at the end of the period |  | $ | 22,244 |  |  | $ | 28,258 |  |  | $ | 22,244 |  |  | $ | 28,258 |
(1) | As the contractual payments on acquired securitized financing are determined by the cash collections from the underlying loans, the Company expects that there will not be a non-accretable difference.

X
- Definition Accretable yield movement on acquired securitized financings. + References No definition available. + Details
Name: | cvco_AccretableYieldMovementOnAcquiredSecuritizedFinancingsTableTextBlock
Namespace Prefix: | cvco_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securitized financings, which were acquired in a business combination, including contractual amount, purchase discount consisting of accretable and non-accretable differences. + References No definition available. + Details
Name: | cvco_AcquiredSecuritizedFinancingsTableTextBlock
Namespace Prefix: | cvco_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration