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v3.25.3

Segment Information (Tables) | 6 Months Ended
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Sep. 27, 2025
Segment Reporting [Abstract] |
Schedule of Financial Information by Reportable Segments | Selected financial information by reportable segment was as follows:
|  | Three months ended September 27, 2025 |
(Dollars in thousands) |  | U.S. Factory-built Housing |  |  | Canadian Factory-built Housing |  |  | Corporate/Other |  |  | Consolidated |
Net sales |  | $ | 649,056 |  |  | $ | 26,118 |  |  | $ | 9,255 |  |  | $ | 684,429 |
Cost of sales(1) |  |  | (469,627 | ) |  |  | (18,252 | ) |  |  | (1,537 | ) |  |  |
Selling, general, and administrative expenses(2) |  |  | (79,511 | ) |  |  | (5,126 | ) |  |  | (23,902 | ) |  |  |
Other items(3) |  |  | — |  |  |  | — |  |  |  | (2,100 | ) |  |  |
Segment EBITDA |  | $ | 99,918 |  |  | $ | 2,740 |  |  | $ | (18,284 | ) |  |  |
U.S. Factory-built Housing EBITDA |  |  |  |  |  |  |  |  |  |  | $ | 99,918 |
Canadian Factory-built Housing EBITDA |  |  |  |  |  |  |  |  |  |  |  | 2,740 |
Corporate/Other EBITDA |  |  |  |  |  |  |  |  |  |  |  | (18,284 | )
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  | (11,658 | )
Interest income, net |  |  |  |  |  |  |  |  |  |  |  | 4,034 |
Equity in net loss of affiliate |  |  |  |  |  |  |  |  |  |  |  | 125 |
Net income attributable to non-controlling interest |  |  |  |  |  |  |  |  |  |  |  | 1,895 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 78,770 |
Depreciation |  | $ | 8,038 |  |  | $ | 467 |  |  | $ | 161 |  |  | $ | 8,666 |
Amortization |  | $ | 2,992 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,992 |
Expenditure for segment assets |  | $ | 8,258 |  |  | $ | 139 |  |  | $ | 519 |  |  | $ | 8,916 |
Segment assets(4) |  | $ | 1,298,899 |  |  | $ | 145,829 |  |  | $ | 676,077 |  |  | $ | 2,120,805 |
(1) Cost of sales is presented net of depreciation expense. (2) Selling, general, and administrative expenses are presented net of depreciation and amortization expense. (3) Other items for Corporate/Other include equity in net loss of affiliates and non-controlling interest. (4) 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.
|  | Six months ended September 27, 2025 |
(Dollars in thousands) |  | U.S. Factory-built Housing |  |  | Canadian Factory-built Housing |  |  | Corporate/Other |  |  | Consolidated |
Net sales |  | $ | 1,310,987 |  |  | $ | 56,238 |  |  | $ | 18,522 |  |  | $ | 1,385,747 |
Cost of sales(1) |  |  | (950,096 | ) |  |  | (39,669 | ) |  |  | (3,651 | ) |  |  |
Selling, general, and administrative expenses(2) |  |  | (161,873 | ) |  |  | (10,821 | ) |  |  | (42,740 | ) |  |  |
Other items(3) |  |  | — |  |  |  | — |  |  |  | (2,771 | ) |  |  |
Segment EBITDA |  | $ | 199,018 |  |  | $ | 5,748 |  |  | $ | (30,640 | ) |  |  |
U.S. Factory-built Housing EBITDA |  |  |  |  |  |  |  |  |  |  | $ | 199,018 |
Canadian Factory-built Housing EBITDA |  |  |  |  |  |  |  |  |  |  |  | 5,748 |
Corporate/Other EBITDA |  |  |  |  |  |  |  |  |  |  |  | (30,640 | )
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  | (23,560 | )
Interest income, net |  |  |  |  |  |  |  |  |  |  |  | 8,570 |
Equity in net loss of affiliate |  |  |  |  |  |  |  |  |  |  |  | 710 |
Net income attributable to non-controlling interest |  |  |  |  |  |  |  |  |  |  |  | 3,201 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 163,047 |
Depreciation |  | $ | 16,413 |  |  | $ | 927 |  |  | $ | 323 |  |  | $ | 17,663 |
Amortization |  | $ | 5,897 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,897 |
Expenditure for segment assets |  | $ | 16,435 |  |  | $ | 493 |  |  | $ | 889 |  |  | $ | 17,817 |
Segment assets(4) |  | $ | 1,298,899 |  |  | $ | 145,829 |  |  | $ | 676,077 |  |  | $ | 2,120,805 |
(1) Cost of sales is presented net of depreciation expense. (2) Selling, general, and administrative expenses are presented net of depreciation and amortization expense. (3) Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest. (4) 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.
|  | Three months ended September 28, 2024 |
(Dollars in thousands) |  | U.S. Factory-built Housing |  |  | Canadian Factory-built Housing |  |  | Corporate/Other |  |  | Consolidated |
Net sales |  | $ | 587,127 |  |  | $ | 22,234 |  |  | $ | 7,516 |  |  | $ | 616,877 |
Cost of sales(1) |  |  | (425,490 | ) |  |  | (16,981 | ) |  |  | (2,339 | ) |  |  |
Selling, general, and administrative expenses(2) |  |  | (73,189 | ) |  |  | (2,274 | ) |  |  | (20,416 | ) |  |  |
Other items(3) |  |  | — |  |  |  | — |  |  |  | (1,288 | ) |  |  |
Segment EBITDA |  | $ | 88,448 |  |  | $ | 2,979 |  |  | $ | (16,527 | ) |  |  |
U.S. Factory-built Housing EBITDA |  |  |  |  |  |  |  |  |  |  | $ | 88,448 |
Canadian Factory-built Housing EBITDA |  |  |  |  |  |  |  |  |  |  |  | 2,979 |
Corporate/Other EBITDA |  |  |  |  |  |  |  |  |  |  |  | (16,527 | )
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  | (9,511 | )
Interest income, net |  |  |  |  |  |  |  |  |  |  |  | 4,737 |
Equity in net loss of affiliate |  |  |  |  |  |  |  |  |  |  |  | 691 |
Net income attributable to non-controlling interest |  |  |  |  |  |  |  |  |  |  |  | 584 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 71,401 |
Depreciation |  | $ | 5,943 |  |  | $ | 448 |  |  | $ | 152 |  |  | $ | 6,543 |
Amortization |  | $ | 2,968 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,968 |
Expenditure for segment assets |  | $ | 12,465 |  |  | $ | 448 |  |  | $ | 1,202 |  |  | $ | 14,115 |
Segment assets(4) |  | $ | 1,251,635 |  |  | $ | 137,703 |  |  | $ | 638,334 |  |  | $ | 2,027,672 |
(1) Cost of sales is presented net of depreciation expense. (2) Selling, general, and administrative expenses are presented net of depreciation and amortization expense. (3) Other items for Corporate/Other include equity in net loss of affiliate and non-controlling interest. (4) 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.
|  | Six months ended September 28, 2024 |
(Dollars in thousands) |  | U.S. Factory-built Housing |  |  | Canadian Factory-built Housing |  |  | Corporate/Other |  |  | Consolidated |
Net sales |  | $ | 1,186,660 |  |  | $ | 43,033 |  |  | $ | 14,963 |  |  | $ | 1,244,656 |
Cost of sales(1) |  |  | (864,511 | ) |  |  | (32,020 | ) |  |  | (5,264 | ) |  |  |
Selling, general, and administrative expenses(2) |  |  | (154,680 | ) |  |  | (5,155 | ) |  |  | (40,839 | ) |  |  |
Other items(3) |  |  | — |  |  |  | — |  |  |  | (1,411 | ) |  |  |
Segment EBITDA |  | $ | 167,469 |  |  | $ | 5,858 |  |  | $ | (32,551 | ) |  |  |
U.S. Factory-built Housing EBITDA |  |  |  |  |  |  |  |  |  |  | $ | 167,469 |
Canadian Factory-built Housing EBITDA |  |  |  |  |  |  |  |  |  |  |  | 5,858 |
Corporate/Other EBITDA |  |  |  |  |  |  |  |  |  |  |  | (32,551 | )
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  | (20,123 | )
Interest income, net |  |  |  |  |  |  |  |  |  |  |  | 8,986 |
Equity in net loss of affiliate |  |  |  |  |  |  |  |  |  |  |  | 2,034 |
Net income attributable to non-controlling interest |  |  |  |  |  |  |  |  |  |  |  | 584 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 132,257 |
Depreciation |  | $ | 13,048 |  |  | $ | 885 |  |  | $ | 312 |  |  | $ | 14,245 |
Amortization |  | $ | 5,878 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,878 |
Expenditure for segment assets |  | $ | 21,992 |  |  | $ | 874 |  |  | $ | 1,961 |  |  | $ | 24,827 |
Segment assets(4) |  | $ | 1,251,635 |  |  | $ | 137,703 |  |  | $ | 638,334 |  |  | $ | 2,027,672 |
(1) Cost of sales is presented net of depreciation expense. (2) Selling, general, and administrative expenses are presented net of depreciation and amortization expense. (3) Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest. (4) 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 Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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