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Stockholders' Equity and Redeemable Noncontrolling Interest | 9 Months Ended
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Jan. 01, 2022
Stockholders' Equity Note [Abstract] |
Stockholders' Equity and Redeemable Noncontrolling Interest | Stockholders' Equity and Redeemable Noncontrolling Interest The following table represents changes in stockholders' equity attributable to Cavco's stockholders and redeemable noncontrolling interest for each quarterly period during the nine months ended January 1, 2022 (dollars in thousands):
| Equity Attributable to Cavco Stockholders |  |  |
|  |  |  |  | Treasury Stock |  | Additional paid-in capital |  | Retained earnings |  | Accumulated other comprehensive income (loss) |  | Total |  |  | Redeemable Noncontrolling Interest
| Common Stock |  |  |  |  |  |  |
| Shares |  | Amount |  |  |  |  |  |  |
Balance, April 3, 2021 | 9,241,256 |  |  | $ | 92 |  |  | $ | (1,441) |  |  | $ | 253,835 |  |  | $ | 431,057 |  |  | $ | 97 |  |  | $ | 683,640 |  |  |  | $ | — |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 27,046 |  |  | — |  |  | 27,046 |  |  |  | — |
Other comprehensive loss, net | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (13) |  |  | (13) |  |  |  | — |
Issuance of common stock under stock incentive plans | 4,465 |  |  | — |  |  | — |  |  | 136 |  |  | — |  |  | — |  |  | 136 |  |  |  | — |
Stock-based compensation | — |  |  | — |  |  | — |  |  | 1,100 |  |  | — |  |  | — |  |  | 1,100 |  |  |  | — |
Common stock repurchases | — |  |  | — |  |  | (12,842) |  |  | — |  |  | — |  |  | — |  |  | (12,842) |  |  |  | — |
Balance, July 3, 2021 | 9,245,721 |  |  | $ | 92 |  |  | $ | (14,283) |  |  | $ | 255,071 |  |  | $ | 458,103 |  |  | $ | 84 |  |  | $ | 699,067 |  |  |  | $ | — |
Initial value of noncontrolling interest upon transaction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 1,235 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 37,610 |  |  | — |  |  | 37,610 |  |  |  | 73 |
Other comprehensive loss, net | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (13) |  |  | (13) |  |  |  | — |
Issuance of common stock under stock incentive plans | 29,295 |  |  | 1 |  |  | — |  |  | 2,728 |  |  | — |  |  | — |  |  | 2,729 |  |  |  | — |
Stock-based compensation | — |  |  | — |  |  | — |  |  | 1,317 |  |  | — |  |  | — |  |  | 1,317 |  |  |  | — |
Common stock repurchases | — |  |  | — |  |  | (7,594) |  |  | — |  |  | — |  |  | — |  |  | (7,594) |  |  |  | — |
Distributions | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | (180) |
Balance, October 2, 2021 | 9,275,016 |  |  | $ | 93 |  |  | $ | (21,877) |  |  | $ | 259,116 |  |  | $ | 495,713 |  |  | $ | 71 |  |  | $ | 733,116 |  |  |  | $ | 1,128 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 79,419 |  |  | — |  |  | 79,419 |  |  |  | 196 |
Other comprehensive loss, net | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (113) |  |  | (113) |  |  |  | — |
Issuance of common stock under stock incentive plans | 14,592 |  |  | — |  |  | — |  |  | 1,437 |  |  | — |  |  | — |  |  | 1,437 |  |  |  | — |
Stock-based compensation | — |  |  | — |  |  | — |  |  | 1,043 |  |  | — |  |  | — |  |  | 1,043 |  |  |  | — |
Common stock repurchases | — |  |  | — |  |  | (8,690) |  |  | — |  |  | — |  |  | — |  |  | (8,690) |  |  |  | — |
Distributions | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | (120) |
Balance, January 1, 2022 | 9,289,608 |  |  | $ | 93 |  |  | $ | (30,567) |  |  | $ | 261,596 |  |  | $ | 575,132 |  |  | $ | (42) |  |  | $ | 806,212 |  |  |  | $ | 1,204 |
The following table represents changes in stockholders' equity attributable to Cavco's stockholders for each quarterly period during the nine months ended December 26, 2020 (dollars in thousands):
| Equity Attributable to Cavco Stockholders |  |  |
|  |  |  |  | Treasury Stock |  | Additional paid-in capital |  | Retained earnings |  | Accumulated other comprehensive income (loss) |  | Total |  |  |
| Common Stock |  |  |  |  |  |  |
| Shares |  | Amount |  |  |  |  |  |  |
Balance, March 28, 2020 | 9,173,242 |  |  | $ | 92 |  |  | $ | — |  |  | $ | 252,260 |  |  | $ | 355,144 |  |  | $ | 90 |  |  | $ | 607,586 |  |  |  |
Cumulative effect of implementing ASU 2016-13, net | — |  |  | — |  |  | — |  |  | — |  |  | (733) |  |  | — |  |  | (733) |  |  |  |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 16,674 |  |  | — |  |  | 16,674 |  |  |  |
Other comprehensive income, net | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 68 |  |  | 68 |  |  |  |
Issuance of common stock under stock incentive plans | 3,822 |  |  | — |  |  | — |  |  | (533) |  |  | — |  |  | — |  |  | (533) |  |  |  |
Stock-based compensation | — |  |  | — |  |  | — |  |  | 945 |  |  | — |  |  | — |  |  | 945 |  |  |  |
Balance, June 27, 2020 | 9,177,064 |  |  | $ | 92 |  |  | $ | — |  |  | $ | 252,672 |  |  | $ | 371,085 |  |  | $ | 158 |  |  | $ | 624,007 |  |  |  |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 15,049 |  |  | — |  |  | 15,049 |  |  |  |
Other comprehensive income, net | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | 7 |  |  |  |
Issuance of common stock under stock incentive plans | 11,098 |  |  | — |  |  | — |  |  | 522 |  |  | — |  |  | — |  |  | 522 |  |  |  |
Stock-based compensation | — |  |  | — |  |  | — |  |  | 1,103 |  |  | — |  |  | — |  |  | 1,103 |  |  |  |
Balance, September 26, 2020 | 9,188,162 |  |  | $ | 92 |  |  | $ | — |  |  | $ | 254,297 |  |  | $ | 386,134 |  |  | $ | 165 |  |  | $ | 640,688 |  |  |  |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 19,701 |  |  | — |  |  | 19,701 |  |  |  |
Other comprehensive loss, net | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (15) |  |  | (15) |  |  |  |
Issuance of common stock under stock incentive plans | 4,075 |  |  | — |  |  | — |  |  | 480 |  |  | — |  |  | — |  |  | 480 |  |  |  |
Stock-based compensation | — |  |  | — |  |  | — |  |  | 887 |  |  | — |  |  | — |  |  | 887 |  |  |  |
Balance, December 26, 2020 | 9,192,237 |  |  | $ | 92 |  |  | $ | — |  |  | $ | 255,664 |  |  | $ | 405,835 |  |  | $ | 150 |  |  | $ | 661,741 |  |  |  |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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