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Segment Information | 9 Months Ended
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Dec. 28, 2019
Segment Reporting [Abstract] |
Segment Information |
14. | Segment Information
Financial results for the Company's reportable segments have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's chief operating decision maker in allocating resources and in assessing performance. The Company’s chief operating decision maker, the Chief Executive Officer, evaluates the performance of the Company’s segment primarily based on net sales, earnings before interest, taxes, depreciation and amortization (“EBITDA”) and operating assets. The Company operates in two reportable segments: (i) U.S. Factory-built Housing, which includes manufacturing and retail housing operations and (ii) Canadian Factory-built Housing. Corporate/Other includes the Company’s transportation operations, corporate costs directly incurred for all segments and intersegment eliminations. Segments are generally determined by geography. Segment data includes intersegment revenues and corporate office costs that are directly and exclusively incurred for each segment. Total assets for Corporate/Other primarily include cash and certain deferred tax items not specifically allocated to another segment. Selected financial information by reportable segment was as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
(Dollars in thousands) |  | December 28, 2019 |  |  | December 29, 2018 |  |  | December 28, 2019 |  |  | December 29, 2018 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Factory-built Housing |  | $ | 304,818 |  |  | $ | 309,518 |  |  | $ | 949,253 |  |  | $ | 882,257 |
Canadian Factory-built Housing |  |  | 22,809 |  |  |  | 27,130 |  |  |  | 72,916 |  |  |  | 79,885 |
Corporate/Other |  |  | 14,612 |  |  |  | 18,023 |  |  |  | 46,416 |  |  |  | 70,226 |
Consolidated net sales |  | $ | 342,239 |  |  | $ | 354,671 |  |  | $ | 1,068,585 |  |  | $ | 1,032,368 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Factory-built Housing EBITDA |  | $ | 33,165 |  |  | $ | 30,637 |  |  | $ | 104,624 |  |  | $ | 80,240 |
Canadian Factory-built Housing EBITDA |  |  | 1,786 |  |  |  | 2,569 |  |  |  | 9,085 |  |  |  | 9,123 |
Corporate/Other EBITDA |  |  | (6,771 | ) |  |  | (12,741 | ) |  |  | (26,177 | ) |  |  | (120,937 | )
Depreciation |  |  | (3,171 | ) |  |  | (2,944 | ) |  |  | (9,826 | ) |  |  | (8,219 | )
Amortization |  |  | (1,345 | ) |  |  | (1,633 | ) |  |  | (4,069 | ) |  |  | (3,316 | )
Consolidated operating income (loss) |  | $ | 23,664 |  |  | $ | 15,888 |  |  | $ | 73,637 |  |  | $ | (43,109 | )
Depreciation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Factory-built Housing |  | $ | 2,659 |  |  | $ | 2,486 |  |  | $ | 8,365 |  |  | $ | 6,946 |
Canadian Factory-built Housing |  |  | 255 |  |  |  | 237 |  |  |  | 744 |  |  |  | 695 |
Corporate/Other |  |  | 257 |  |  |  | 221 |  |  |  | 717 |  |  |  | 578 |
Consolidated depreciation |  | $ | 3,171 |  |  | $ | 2,944 |  |  | $ | 9,826 |  |  | $ | 8,219 |
Amortization of intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Factory-built Housing |  | $ | 1,345 |  |  | $ | 1,572 |  |  | $ | 4,069 |  |  | $ | 3,134 |
Canadian Factory-built Housing |  |  | — |  |  |  | 61 |  |  |  | — |  |  |  | 182 |
Corporate/Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consolidated amortization of intangible assets |  | $ | 1,345 |  |  | $ | 1,633 |  |  | $ | 4,069 |  |  | $ | 3,316 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Factory-built Housing |  | $ | 1,981 |  |  | $ | 1,463 |  |  | $ | 9,483 |  |  | $ | 4,919 |
Canadian Factory-built Housing |  |  | 414 |  |  |  | 158 |  |  |  | 842 |  |  |  | 572 |
Corporate/Other |  |  | 306 |  |  |  | 1,322 |  |  |  | 1,785 |  |  |  | 2,136 |
Consolidated capital expenditures |  | $ | 2,701 |  |  | $ | 2,943 |  |  | $ | 12,110 |  |  | $ | 7,627 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  | December 28, 2019 |  |  | March 30, 2019 |
Total Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Factory-built Housing (1) |  |  |  |  |  |  |  |  |  | $ | 474,427 |  |  | $ | 488,878 |
Canadian Factory-built Housing (1) |  |  |  |  |  |  |  |  |  |  | 62,430 |  |  |  | 59,260 |
Corporate/Other (1) |  |  |  |  |  |  |  |  |  |  | 187,621 |  |  |  | 151,816 |
Consolidated total assets |  |  |  |  |  |  |  |  |  | $ | 724,478 |  |  | $ | 699,954 |
(1) | Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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