XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.23.1

Goodwill, Intangible Assets, and Cloud Computing Arrangements | 12 Months Ended
--- | ---
Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill, Intangible Assets, and Cloud Computing Arrangements | 4. Goodwill, Intangible Assets, and Cloud Computing Arrangements Goodwill Goodwill represents the excess of the cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. At April 1, 2023 and April 2, 2022, the Company had goodwill of $196.6 million and $192.0 million, respectively. Goodwill is allocated to reporting units included in the U.S. Factory-built Housing segment, which include the Company’s U.S. manufacturing and retail operations. The change in the goodwill balance for fiscal 2023 was the result of acquisitions during the period. At April 1, 2023 there are no accumulated impairment losses related to goodwill. Intangible Assets The components of amortizable intangible assets were as follows:
(Dollars in thousands) |  | April 1, 2023 |  |  | April 2, 2022 |
|  | Customer Relationships & Other |  |  | Trade Names |  |  | Total |  |  | Customer Relationships & Other |  |  | Trade Names |  |  | Total |
Gross carrying amount |  | $ | 66,013 |  |  | $ | 21,497 |  |  | $ | 87,510 |  |  | $ | 61,986 |  |  | $ | 21,419 |  |  | $ | 83,405 |
Accumulated amortization |  |  | (32,103 | ) |  |  | (10,064 | ) |  |  | (42,167 | ) |  |  | (23,819 | ) |  |  | (8,303 | ) |  |  | (32,122 | )
Amortizable intangibles, net |  | $ | 33,910 |  |  | $ | 11,433 |  |  | $ | 45,343 |  |  | $ | 38,167 |  |  | $ | 13,116 |  |  | $ | 51,283 |
Weighted average remaining amortization period, in years |  |  | 5.4 |  |  |  | 6.3 |  |  |  | 5.6 |  |  |  | 6.8 |  |  |  | 6.9 |  |  |  | 6.8 |
Amortization of intangible assets for the fiscal years ended April 1, 2023, April 2, 2022, and April 3, 2021 was $10.6 million, $7.6 million, and $5.6 million respectively. Estimated amortization expense of intangible assets over the next five years is estimated to be (dollars in thousands):
Fiscal 2024 |  | $ | 8,613 |
Fiscal 2025 |  |  | 7,388 |
Fiscal 2026 |  |  | 7,388 |
Fiscal 2027 |  |  | 7,346 |
Fiscal 2028 |  |  | 7,317 |
Cloud Computing Arrangements The Company capitalizes costs associated with the development of cloud computing arrangements in a manner consistent with internally developed software. At April 1, 2023 and April 2, 2022, the Company had capitalized cloud computing costs of $25.0 million and $20.5 million, respectively. Cloud computing costs are included in other noncurrent assets in the accompanying consolidated balance sheets. Amortization of capitalized cloud computing costs was $0.8 million and $0.2 million for the fiscal year ended April 1, 2023 and April 2, 2022.

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration