XML 34 R17.htm IDEA: XBRL DOCUMENT
v3.25.1

Goodwill and Other Intangibles | 12 Months Ended
--- | ---
Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | Goodwill and Other Intangibles Goodwill and other intangibles, net, consisted of the following (in thousands):
| March 29, 2025 |  | March 30, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 121,969 |  |  | $ | — |  |  | $ | 121,969 |  |  | $ | 121,934 |  |  | $ | — |  |  | $ | 121,934 |
Trademarks and trade names | 7,020 |  |  | — |  |  | 7,020 |  |  | 16,980 |  |  | — |  |  | 16,980 |
State insurance licenses | 1,100 |  |  | — |  |  | 1,100 |  |  | 1,100 |  |  | — |  |  | 1,100 |
| 130,089 |  |  | — |  |  | 130,089 |  |  | 140,014 |  |  | — |  |  | 140,014 |
Finite lived: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 15,000 |  |  | (6,676) |  |  | 8,324 |  |  | 15,000 |  |  | (5,314) |  |  | 9,686 |
Other | 1,114 |  |  | (827) |  |  | 287 |  |  | 1,114 |  |  | (659) |  |  | 455 |
| $ | 146,203 |  |  | $ | (7,503) |  |  | $ | 138,700 |  |  | $ | 156,128 |  |  | $ | (5,973) |  |  | $ | 150,155 |
Changes in the carrying amount of Goodwill were as follows for the years ended March 29, 2025 and March 30, 2024 (in thousands).
April 1, 2023 | $ | 114,547 |  |  |  |  |  |  |  |  |  |  |
Acquisitions(1) | 7,387 |  |  |  |  |  |  |  |  |  |  |
March 30, 2024 | 121,934 |  |  |  |  |  |  |  |  |  |  |
Acquisitions(1) | (35) |  |  |  |  |  |  |  |  |  |  |
March 29, 2025 | $ | 121,969 |  |  |  |  |  |  |  |  |  |  |
(1)Acquisitions includes any adjustments to Goodwill during the measurement period. The measurement periods for the valuation of assets acquired and liabilities assumed end as soon as information on the facts and circumstances that existed as of the acquisition dates becomes available, but do not exceed 12 months. Adjustments in purchase price allocations may require a change in the amounts allocated to goodwill during the periods in which the adjustments are determined. No measurement periods are open as of March 29, 2025. At March 29, 2025 and March 30, 2024 , the Company had Goodwill of $121,969 and $121,934, respectively. The change is due to adjustments to prior year acquisitions. All Goodwill resides in the factory-built housing segment. At March 29, 2025 there are no accumulated impairment losses related to Goodwill. In the fourth quarter of fiscal year 2025, the Company performed a strategic brand realignment. As a result, Cavco recorded a non-cash charge of $10.0 million in Selling, general and administrative expenses related to the adjustment of legacy indefinite lived trade name values. Amortization expense recognized on intangible assets was $1.5 million during fiscal year 2025, $1.6 million during fiscal year 2024 and $2.1 million during fiscal year 2023. Customer relationships have a weighted average remaining life of 5.9 years and other finite lived intangibles have a weighted average remaining life of 1.5 years. Expected amortization for future fiscal years is as follows (in thousands):
2026 | $ | 1,488 |
2027 | 1,415 |
2028 | 1,299 |
2029 | 1,265 |
2030 | 985 |
Thereafter | 2,159 |
| $ | 8,611 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration