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Stockholders' Equity and Redeemable Noncontrolling Interest
6 Months Ended
Oct. 02, 2021
Stockholders' Equity Note [Abstract]  
Stockholders' Equity and Redeemable Noncontrolling Interest Stockholders' Equity and Redeemable Noncontrolling Interest
The following table represents changes in stockholders' equity attributable to Cavco's stockholders and redeemable noncontrolling interest for each quarterly period during the six months ended October 2, 2021 (dollars in thousands):
Equity Attributable to Cavco Stockholders
Treasury StockAdditional paid-in capitalRetained earningsAccumulated other comprehensive incomeTotalRedeemable Noncontrolling Interest
Common Stock
SharesAmount
Balance, April 3, 20219,241,256 $92 $(1,441)$253,835 $431,057 $97 $683,640 $— 
Net income— — — — 27,046 — 27,046 — 
Other comprehensive income, net— — — — — (13)(13)— 
Issuance of common stock under stock incentive plans4,465 — — 136 — — 136 — 
Stock-based compensation— — — 1,100 — — 1,100 — 
Common stock repurchases— — (12,842)— — — (12,842)— 
Balance, July 3, 20219,245,721 $92 $(14,283)$255,071 $458,103 $84 $699,067 $— 
Initial value of noncontrolling interest upon transaction— — — — — — — 1,235 
Net income— — — — 37,610 — 37,610 73 
Other comprehensive income, net— — — — — (13)(13)— 
Issuance of common stock under stock incentive plans29,295 — 2,728 — — 2,729 — 
Stock-based compensation— — — 1,317 — — 1,317 — 
Common stock repurchases— — (7,594)— — — (7,594)— 
Distributions— — — — — — — (180)
Balance, October 2, 20219,275,016 $93 $(21,877)$259,116 $495,713 $71 $733,116 $1,128 
The following table represents changes in stockholders' equity attributable to Cavco's stockholders and redeemable noncontrolling interest for each quarterly period during the six months ended September 26, 2020 (dollars in thousands):
Equity Attributable to Cavco Stockholders
Treasury StockAdditional paid-in capitalRetained earningsAccumulated other comprehensive incomeTotalRedeemable Noncontrolling Interest
Common Stock
SharesAmount
Balance, March 28, 20209,173,242 $92 $— $252,260 $355,144 $90 $607,586 $— 
Cumulative effect of implementing ASU 2016-13, net— — — — (733)— (733)— 
Net income— — — — 16,674 — 16,674 — 
Other comprehensive income, net— — — — — 68 68 — 
Issuance of common stock under stock incentive plans3,822 — — (533)— — (533)— 
Stock-based compensation— — — 945 — — 945 — 
Balance, June 27, 20209,177,064 $92 $— $252,672 $371,085 $158 $624,007 $— 
Net income— — — — 15,049 — 15,049 — 
Other comprehensive income, net— — — — — — 
Issuance of common stock under stock incentive plans11,098 — — 522 — — 522 — 
Stock-based compensation— — — 1,103 — — 1,103 — 
Balance, September 26, 20209,188,162 $92 $— $254,297 $386,134 $165 $640,688 $—