XML 45 R35.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Debt Obligations (Tables) | 3 Months Ended
--- | ---
Jul. 01, 2017
Debt Disclosure [Abstract] |
Debt Obligations | Debt obligations consist of amounts related to loans sold that did not qualify for loan sale accounting treatment. The following table summarizes debt obligations (in thousands):
| July 1, 2017 |  | April 1, 2017
Acquired securitized financings (acquired as part of the Palm Harbor transaction) |  |  |
Securitized financing 2005-1 | $ | 22,816 |  |  | $ | 23,756 |
Securitized financing 2007-1 | 24,933 |  |  | 25,728 |
Other secured financings | 4,913 |  |  | 4,987 |
Secured Term Loan | 4,927 |  |  | 3,520 |
Total securitized financings and other, net | $ | 57,589 |  |  | $ | 57,991 |
Acquired Securitized Financings | The following table summarizes acquired securitized financings (in thousands):
| July 1, 2017 |  | April 1, 2017
Securitized financings – contractual amount | $ | 54,415 |  |  | $ | 57,120 |
Purchase discount |  |  |
Accretable | (6,666 | ) |  | (7,636 | )
Non-accretable (1) | — |  |  | — |
Total acquired securitized financings, net | $ | 47,749 |  |  | $ | 49,484 |
(1) There is no non-accretable difference, as the contractual payments on acquired securitized financing are determined by the cash collections from the underlying loans.
Accretable Yield Movement on Acquired Securitized Financings | The changes in accretable yield on securitized financings were as follows (in thousands):
| Three Months Ended
| July 1, 2017 |  | July 2, 2016
Balance at the beginning of the period | $ | 7,636 |  |  | $ | 12,333 |
Accretion | (871 | ) |  | (968 | )
Adjustment to cash flows | (99 | ) |  | 94 |
Balance at the end of the period | $ | 6,666 |  |  | $ | 11,459 |

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
- References No definition available. + 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