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Acquisitions | 9 Months Ended
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Dec. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Acquisitions | Acquisitions Solitaire Acquisition On January 3, 2023 (the "Acquisition Date"), we completed the acquisition of Solitaire Homes, including their four manufacturing facilities and 22 retail locations, by acquiring 100% of the outstanding stock of Solitaire Homes for $110.8 million. Our 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. During the nine months ended December 30, 2023, we made certain adjustments to the assets and liabilities based on information that became available. The following table presents the fair values of the assets that we acquired and the liabilities that we assumed on the Acquisition Date as of December 30, 2023 (in thousands):
| January 3, 2023 |  | Adjustments |  | January 3, 2023 (as Adjusted at December 30, 2023)
Cash | $ | 5,119 |  |  | $ | (79) |  |  | $ | 5,040 |
Investments | 334 |  |  | — |  |  | 334 |
Accounts receivable | 3,536 |  |  | (787) |  |  | 2,749 |
Inventories | 58,045 |  |  | (143) |  |  | 57,902 |
Property, plant and equipment | 36,109 |  |  | (103) |  |  | 36,006 |
Other current assets | 1,519 |  |  | 59 |  |  | 1,578 |
Intangible assets | 3,400 |  |  | — |  |  | 3,400 |
Total identifiable assets acquired | 108,062 |  |  | (1,053) |  |  | 107,009 |
Accounts payable and accrued liabilities | 11,251 |  |  | 84 |  |  | 11,335 |
Net identifiable assets acquired | 96,811 |  |  | (1,137) |  |  | 95,674 |
Goodwill | 13,970 |  |  | 1,137 |  |  | 15,107 |
Net assets acquired | $ | 110,781 |  |  | $ | — |  |  | $ | 110,781 |
Pro Forma Impact of Solitaire 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):
| December 31, 2022
| Three Months Ended |  | Nine Months Ended
Net revenue | $ | 536,776 |  |  | $ | 1,774,853 |
Net income attributable to Cavco common stockholders | 61,567 |  |  | 199,371 |
Diluted net income per share | 6.89 |  |  | 22.23 |
Kentucky Dream Homes Acquisition On November 15, 2023, the Company acquired certain assets and assumed certain liabilities of Kentucky Dream Homes, LLC ("KDH"), a manufactured home retailer with locations in Kentucky and Florida for total consideration of $23.8 million, which includes $5.4 million non-cash commercial loan forgiveness. The remaining $18.4 million was paid with cash on hand. The final purchase price is subject to customary adjustments. The business is included in the Factory-built housing reportable business segment. The fair value of the assets acquired and liabilities assumed are included in the Consolidated Balance Sheet as of December 30, 2023, including $4.6 million allocated to goodwill. The purchase accounting is subject to final adjustment, primarily for the working capital and amounts allocated to goodwill. We have included the financial results in our unaudited Consolidated Financial Statements from the date of acquisition. Pro forma historical results of operations related to this acquisition have not been presented because they are not significant to our unaudited Consolidated Financial Statements for the periods presented.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//805/tableOfContent + Details
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