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Income Taxes (Tables)

12 Months Ended

Mar. 28, 2020

Income Tax Disclosure [Abstract]

Schedule of Pretax Income (Loss)

Pretax income (loss) for the fiscal years ended March 28, 2020, March 30, 2019, and March 31, 2018 was attributable to the following tax jurisdictions:

		Year Ended
(Dollars in thousands)		March 28, 2020				March 30, 2019				March 31, 2018
Domestic		$	76,224			$	(50,891	)		$	32,470
Foreign			8,830				9,588				10,646
Income (loss) before income taxes		$	85,054			$	(41,303	)		$	43,116

Schedule of Income Tax Provision by Jurisdiction

The income tax provision by jurisdiction for the fiscal years ended March 28, 2020, March 30, 2019, and March 31, 2018 was as follows:

		Year Ended
(Dollars in thousands)		March 28, 2020				March 30, 2019				March 31, 2018
Current:
U.S. federal		$	9,360			$	9,353			$	10,033
Foreign			1,938				1,452				2,269
State			3,800				3,053				2,100
Total current		$	15,098			$	13,858			$	14,402
Deferred
U.S. federal		$	5,660			$	1,854			$	9,694
Foreign			5,214				987				3,640
State			922				206				(420	)
Total deferred		$	11,796			$	3,047			$	12,914
Total income tax expense		$	26,894			$	16,905			$	27,316

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to income before income taxes as a result of the following differences:

		Year Ended
(Dollars in thousands)		March 28, 2020				March 30, 2019				March 31, 2018
Tax expense (benefit) at U.S federal statutory rate		$	17,861			$	(8,674	)		$	13,599
Increase (decrease) in rate resulting from:
State taxes, net of U.S. federal benefit		$	4,491			$	2,412			$	1,083
Change in deferred tax valuation allowance			3,652				(986	)			(8,632	)
Non-deductible compensation due to Section 162(m)			1,007				2,760				—
Other permanent difference			844				531				617
Deferred tax rate changes			538				928				9,115
Foreign tax rate differences			502				579				(413	)
Global intangible low-taxed income ("GILTI")			339				524				—
Recognition of foreign investment basis difference			25				247				12,199
Non-deductible equity-based compensation			—				17,545				203
Domestic production activities deduction			—				—				(970	)
Transaction costs related to the Exchange			—				2,051				—
Uncertain tax positions			(643	)			(590	)			23
U.S. tax credits			(1,005	)			(445	)			(75	)
Other			(717	)			23				567
Total income tax expense		$	26,894			$	16,905			$	27,316

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities at March 28, 2020 and March 30, 2019 consisted of the following:

(Dollars in thousands)		March 28, 2020				March 30, 2019
ASSETS
Intangible assets		$	9,665			$	11,110
U.S. federal net operating loss carryforwards			9,368				14,213
Warranty reserves			6,175				5,792
Employee compensation			5,665				6,326
Foreign net operating loss carryforwards			5,400				499
Self-insurance reserves			3,806				4,491
Lease assets			3,684				—
State net operating loss carryforwards			2,793				4,239
Outside basis difference in domestic partnership investment			2,229				2,133
U.S. tax credit carryforwards			2,030				2,131
Inventory reserves and impairments			1,656				1,660
Dealer volume discounts			1,216				1,409
Equity-based compensation			1,156				929
Capitalized transaction costs			456				534
Foreign capital loss carryforwards			168				186
Foreign currency translation adjustments			67				9
Foreign tax basis difference in investments			—				4,601
Other			1,130				648
Gross deferred tax assets		$	56,664			$	60,910
LIABILITIES
Intangible assets		$	10,711			$	11,997
Property, plant, and equipment			8,411				7,265
Lease liabilities			3,684				—
Foreign tax basis difference in investments			3,264				3,422
Other			837				297
Gross deferred tax liabilities		$	26,907			$	22,981
Valuation allowance			(11,209	)			(7,293	)
Net deferred tax assets		$	18,548			$	30,636

Schedule of Changes in Unrecognized Tax Benefits

The following table provides the changes in unrecognized tax benefits at March 28, 2020 and March 30, 2019:

(Dollars in thousands)		March 28, 2020				March 30, 2019
Unrecognized tax benefits, beginning of period		$	643			$	1,246
Increase related to tax positions taken during a prior period			—				44
Reductions as a result of a lapse of the applicable statute of limitations			(643	)			(647	)
Unrecognized tax benefits, end of period		$	—			$	643

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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