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Stockholders' Equity and Redeemable Noncontrolling Interest (Tables) | 9 Months Ended
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Jan. 01, 2022
Stockholders' Equity Note [Abstract] |
Schedule of 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 Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644 + Details
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