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Acquisition (Tables) | 6 Months Ended
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Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Acquisition | On January 3, 2023 (the "Acquisition Date"), we completed the acquisition of Solitaire Homes, including their four manufacturing facilities and twenty-two retail locations by acquiring 100% of the outstanding stock of Solitaire Homes for $110.8 million, subject to customary adjustments. Our provisional estimates of the fair values of the assets that we acquired and the liabilities that we assumed were based on the information that was available as of the Acquisition Date. We are continuing to evaluate the underlying inputs and assumptions used in our valuations. Accordingly, these provisional estimates are subject to change during the measurement period, which is up to one year from the Acquisition Date. During the six months ended September 30, 2023, we made certain adjustments to the assets and liabilities based on information that became available. The following table presents our provisional estimates of the fair values of the assets that we acquired and the liabilities that we assumed on the Acquisition Date as of the end of the 2024 second quarter (in thousands):
| January 3, 2023 |  | Adjustments |  | January 3, 2023 (as Adjusted at September 30, 2023)
Cash | $ | 5,119 |  |  | $ | (77) |  |  | $ | 5,042 |
Investments | 334 |  |  | — |  |  | 334 |
Accounts receivable | 3,536 |  |  | (778) |  |  | 2,758 |
Inventories | 58,045 |  |  | (54) |  |  | 57,991 |
Property, plant and equipment | 36,109 |  |  | (70) |  |  | 36,039 |
Other current assets | 1,519 |  |  | — |  |  | 1,519 |
Intangible assets | 3,400 |  |  | — |  |  | 3,400 |
Total identifiable assets acquired | 108,062 |  |  | (979) |  |  | 107,083 |
Accounts payable and accrued liabilities | 11,251 |  |  | 21 |  |  | 11,272 |
Net identifiable assets acquired | 96,811 |  |  | (1,000) |  |  | 95,811 |
Goodwill | 13,970 |  |  | 1,000 |  |  | 14,970 |
Net assets acquired | $ | 110,781 |  |  | $ | — |  |  | $ | 110,781 |
Pro Forma Impact of Acquisition (Unaudited) | Pro Forma Impact of Acquisition (Unaudited). The following table presents supplemental pro forma information as if the above acquisition had occurred on April 3, 2022 (in thousands, except per share data):
| October 1, 2022
| Three Months Ended |  | Six Months Ended
Net revenue | $ | 613,566 |  |  | $ | 1,238,077 |
Net income attributable to Cavco common stockholders | 76,159 |  |  | 137,804 |
Diluted net income per share | 8.48 |  |  | 15.34 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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