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Business Combination (Tables) | 12 Months Ended
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Mar. 30, 2024
Business Combinations [Abstract] |
Schedule of Purchase Price Preliminary Allocation on Assets and Liabilities | The following table presents the consideration transferred and the purchase price allocation:
Description |  | Amount |
Fair value of consideration transferred |  |  |
Fair value of Skyline Champion common stock issued as consideration (455,098 shares at $61.20) |  | $ | 27,852 |
Cash consideration, net of cash acquired |  |  | 279,545 |
Working capital adjustment |  |  | 3,644 |
Estimated earn out consideration |  |  | 5,904 |
Total consideration |  | $ | 316,945 |
Preliminary purchase price allocations: |  |  |
Trade accounts receivable |  |  | 16,300 |
Inventories |  |  | 138,933 |
Other current assets |  |  | 3,002 |
Property, plant, and equipment, net |  |  | 86,174 |
Amortizable intangible assets, net |  |  | 41,800 |
Other noncurrent assets |  |  | 10,640 |
Floor plan payable |  |  | (75,916 | )
Accounts payable |  |  | (14,427 | )
Other current liabilities |  |  | (35,662 | )
Long-term debt |  |  | (12,233 | )
Other liabilities |  |  | (3,065 | )
Identifiable net assets acquired |  |  | 155,546 |
Goodwill |  |  | 161,399 |
Total purchase price |  | $ | 316,945 |
Summary of Pro Forma Results of Operations | The following unaudited pro forma information presents a summary of the operating results as if the acquisition of Regional Homes had been completed on April 3, 2022, which is the beginning of the comparable annual reporting period:
|  | Year Ended |
(Dollars in thousands) |  | March 30, 2024 |  |  | April 1, 2023 |
Pro forma net sales |  | $ | 2,290,619 |  |  | $ | 3,130,426 |
Pro forma net income |  | $ | 162,986 |  |  | $ | 465,925 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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