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v3.25.1

Segment Information (Tables) | 12 Months Ended
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Mar. 29, 2025
Segment Reporting [Abstract] |
Schedule of Business Segment Information | The following tables provide selected financial data by segment (dollars in thousands):
| Year Ended March 29, 2025
| Factory-built housing |  | Financial services |  | Consolidated
Net revenue | $ | 1,933,111 |  |  | $ | 82,347 |  |  | $ | 2,015,458 |
Cost of sales | 1,491,314 |  |  | 58,553 |  |  | 1,549,867 |
Gross profit | 441,797 |  |  | 23,794 |  |  | 465,591 |
Selling, general and administrative expenses | 253,027 |  |  | 22,288 |  |  | 275,315 |
Income from operations | 188,770 |  |  | 1,506 |  |  | 190,276 |
Interest income | 21,089 |  |  | — |  |  | 21,089 |
Interest expense | (517) |  |  | — |  |  | (517) |
Other income, net | 222 |  |  | — |  |  | 222 |
Income before income taxes | 209,564 |  |  | 1,506 |  |  | 211,070 |
Income tax expense | (39,821) |  |  | (213) |  |  | (40,034) |
Net Income | $ | 169,743 |  |  | $ | 1,293 |  |  | $ | 171,036 |
| Year Ended March 29, 2025
| Factory-built housing |  | Financial services |  | Consolidated
Depreciation | $ | 17,475 |  |  | $ | 254 |  |  | $ | 17,729 |
Amortization | $ | 1,505 |  |  | $ | 25 |  |  | $ | 1,530 |
Capital expenditures | $ | 21,336 |  |  | $ | 91 |  |  | $ | 21,427 |
| Year Ended March 30, 2024
| Factory-built housing |  | Financial services |  | Consolidated
Net revenue | $ | 1,716,607 |  |  | $ | 78,185 |  |  | $ | 1,794,792 |
Cost of sales | 1,317,688 |  |  | 50,202 |  |  | 1,367,890 |
Gross profit | 398,919 |  |  | 27,983 |  |  | 426,902 |
Selling, general and administrative expenses | 226,267 |  |  | 21,653 |  |  | 247,920 |
Income from operations | 172,652 |  |  | 6,330 |  |  | 178,982 |
Interest income | 20,998 |  |  | — |  |  | 20,998 |
Interest expense | (1,649) |  |  | — |  |  | (1,649) |
Other income, net | 813 |  |  | 36 |  |  | 849 |
Income before income taxes | 192,814 |  |  | 6,366 |  |  | 199,180 |
Income tax expense | (39,749) |  |  | (1,526) |  |  | (41,275) |
Net Income | 153,065 |  |  | 4,840 |  |  | 157,905 |
Less: net income attributable to redeemable noncontrolling interest | 88 |  |  | — |  |  | 88 |
Comprehensive income attributable to Cavco common stockholders | $ | 152,977 |  |  | $ | 4,840 |  |  | $ | 157,817 |
| Year Ended March 30, 2024
| Factory-built housing |  | Financial services |  | Consolidated
Depreciation | $ | 16,754 |  |  | $ | 202 |  |  | $ | 16,956 |
Amortization | $ | 1,544 |  |  | $ | 25 |  |  | $ | 1,569 |
Capital expenditures | $ | 17,189 |  |  | $ | 232 |  |  | $ | 17,421 |
| Year Ended April 1, 2023
| Factory-built housing |  | Financial services |  | Consolidated
Net revenue | $ | 2,069,450 |  |  | $ | 73,263 |  |  | $ | 2,142,713 |
Cost of sales | 1,545,921 |  |  | 41,860 |  |  | 1,587,781 |
Gross profit | 523,529 |  |  | 31,403 |  |  | 554,932 |
Selling, general and administrative expenses | 237,898 |  |  | 20,425 |  |  | 258,323 |
Income from operations | 285,631 |  |  | 10,978 |  |  | 296,609 |
Interest income | 10,679 |  |  | — |  |  | 10,679 |
Interest expense | (280) |  |  | (630) |  |  | (910) |
Other income (expense) | 386 |  |  | (1) |  |  | 385 |
Income before income taxes | 296,416 |  |  | 10,347 |  |  | 306,763 |
Income tax expense | (63,433) |  |  | (2,489) |  |  | (65,922) |
Net Income | 232,983 |  |  | 7,858 |  |  | 240,841 |
Less: net income attributable to redeemable noncontrolling interest | 287 |  |  | — |  |  | 287 |
Comprehensive income attributable to Cavco common stockholders | $ | 232,696 |  |  | $ | 7,858 |  |  | $ | 240,554 |
| Year Ended April 1, 2023
| Factory-built housing |  | Financial services |  | Consolidated
Depreciation | $ | 14,651 |  |  | $ | 182 |  |  | $ | 14,833 |
Amortization | $ | 2,038 |  |  | $ | 32 |  |  | $ | 2,070 |
Capital expenditures | $ | 44,085 |  |  | $ | 21 |  |  | $ | 44,106 |
| March 29, 2025 |  | March 30, 2024
Total assets: |  |  |
Factory-built housing | $ | 1,191,216 |  |  | $ | 1,141,237 |
Financial services | 215,429 |  |  | 212,923 |
Consolidated | $ | 1,406,645 |  |  | $ | 1,354,160 |
| Fiscal Year Ended
| March 29, 2025 |  | March 30, 2024 |  | April 1, 2023
Gross margin %: |  |  |  |  |
Consolidated | 23.1 | % |  | 23.8 | % |  | 25.9 | %
Factory-built housing | 22.9 | % |  | 23.2 | % |  | 25.3 | %
Financial services | 28.9 | % |  | 35.8 | % |  | 42.9 | %

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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