XML 106 R102.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Fair Value Measurements (Book Value and Estimated Fair Value) (Details) (USD $) In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013
--- | --- | ---
Summary of the Fair Value and Carrying Value of Financial Instruments |  |  |  |
Mortgage servicing rights | $ 350 |  | $ 335 |
Book Value [Member] |  |  |  |
Summary of the Fair Value and Carrying Value of Financial Instruments |  |  |  |
Investments | 19,802 | [1] | 17,698 | [1]
Non-marketable equity investments, Fair Value Disclosure | 5,652 | [2] | 0 | [2]
Consumer loans receivable | 98,284 | [3] | 110,990 | [3]
Interest rate lock commitment derivatives | (14) | [4] | 28 | [4]
Forward loan sale commitment derivatives | 24 | [4] | (3) | [4]
Inventory finance receivable | 21,308 | [5] | 22,950 | [5]
Securitized financings | 70,052 | [6] | 82,287 | [6]
Mortgage servicing rights | 350 | [7] | 335 | [7]
Estimated Fair Value [Member] |  |  |  |
Summary of the Fair Value and Carrying Value of Financial Instruments |  |  |  |
Investments | 19,802 | [1] | 17,698 | [1]
Non-marketable equity investments, Fair Value Disclosure | 5,652 | [2] | 0 | [2]
Consumer loans receivable | 131,384 | [3] | 115,044 | [3]
Interest rate lock commitment derivatives | (14) | [4] | 28 | [4]
Forward loan sale commitment derivatives | 24 | [4] | (3) | [4]
Inventory finance receivable | 21,308 | [5] | 22,950 | [5]
Securitized financings | 74,574 | [6] | 90,895 | [6]
Mortgage servicing rights | $ 350 | [7] | $ 335 | [7]
[1] | The fair value is based on quoted market prices.
[2] | The fair value approximates book value based on the non-marketable nature of the instruments.
[3] | Includes consumer loans receivable held for investment, held for sale and construction advances. The fair value of the loans held for investment is based on the discounted value of the remaining principal and interest cash flows. The fair value of the loans held for sale are estimated based on recent GSE mortgage backed bond prices. The fair value of the construction advances approximates book value and the sales price of these loans is estimated based on construction completed.
[4] | The fair values are based on changes in GSE mortgage backed bond prices, and additionally for IRLCs, pull through rates.
[5] | The fair value approximates book value based on current market rates and the revolving nature of the instruments.
[6] | The fair value is estimated using recent public transactions of similar asset-backed securities.
[7] | The fair value of the mortgage servicing rights is based on the present value of expected net cash flows related to servicing these loans.

X
- Definition Forward commitments. + References No definition available. + Details
Name: | cvco_ForwardCommitmentsFairValueDisclosure
Namespace Prefix: | cvco_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Interest rate lock commitments. + References No definition available. + Details
Name: | cvco_InterestRateLockCommitmentsFairValueDisclosure
Namespace Prefix: | cvco_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Non-marketable equity investments, Fair Value Disclosure + References No definition available. + Details
Name: | cvco_NonmarketableequityinvestmentsFairValueDisclosure
Namespace Prefix: | cvco_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13476-108611 + Details
Name: | us-gaap_DebtInstrumentFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Definition Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Available-for-Sale Securities -URI http://asc.fasb.org/extlink&oid=6505594 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Trading Securities -URI http://asc.fasb.org/extlink&oid=6526789 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28360136&loc=d3e22054-111558 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Subparagraph a, f, g -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 35 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=27723805&loc=d3e24584-111560 + Details
Name: | us-gaap_InvestmentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Glossary Loan -URI http://asc.fasb.org/extlink&oid=6517073 + Details
Name: | us-gaap_LoansReceivableFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of an agreement for an unconditional promise by the maker to pay the holder a definite sum of money at a future date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3 -Subparagraph b -Article 5 + Details
Name: | us-gaap_NotesReceivableFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant