XML 12 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Dec. 31, 2022
Jan. 01, 2022
Income Statement [Abstract]        
Net revenue $ 500,603 $ 431,714 $ 1,666,333 $ 1,121,679
Cost of sales 368,635 316,506 1,232,042 842,530
Gross profit 131,968 115,208 434,291 279,149
Selling, general and administrative expenses 58,904 60,322 191,934 146,526
Income from operations 73,064 54,886 242,357 132,623
Interest expense (216) (209) (610) (576)
Other income, net 3,233 4,258 6,455 11,387
Income before income taxes 76,081 58,935 248,202 143,434
Income tax (expense) benefit (16,492) 20,680 (54,721) 910
Net income 59,589 79,615 193,481 144,344
Less: net income attributable to redeemable noncontrolling interest 65 196 239 269
Net income attributable to Cavco common stockholders 59,524 79,419 193,242 144,075
Comprehensive income:        
Net income 59,589 79,615 193,481 144,344
Reclassification adjustment for securities sold (13) (16) (19) (15)
Applicable income taxes 3 3 4 3
Net change in unrealized position of investments held 107 (127) (412) (161)
Applicable income taxes (23) 27 86 34
Comprehensive income 59,663 79,502 193,140 144,205
Less: comprehensive income attributable to redeemable noncontrolling interest 65 196 239 269
Comprehensive income attributable to Cavco common stockholders $ 59,598 $ 79,306 $ 192,901 $ 143,936
Net income per share attributable to Cavco common stockholders:        
Basic (usd per share) $ 6.71 $ 8.66 $ 21.72 $ 15.68
Diluted (usd per share) $ 6.66 $ 8.57 $ 21.55 $ 15.54
Weighted average shares outstanding:        
Basic 8,870,565 9,174,224 8,897,405 9,187,828
Diluted 8,936,075 9,270,438 8,969,104 9,270,855