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Segment Information (Tables)
3 Months Ended
Jul. 01, 2023
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segments

Selected financial information by reportable segment was as follows:

 

 

Three months ended

 

(Dollars in thousands)

 

July 1,
2023

 

 

July 2,
2022

 

Net sales:

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

428,785

 

 

$

661,081

 

Canadian Factory-built Housing

 

 

26,120

 

 

 

45,062

 

Corporate/Other

 

 

9,864

 

 

 

19,738

 

Consolidated net sales

 

$

464,769

 

 

$

725,881

 

Operating income:

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

74,233

 

 

$

161,565

 

Canadian Factory-built Housing EBITDA

 

 

4,764

 

 

 

11,327

 

Corporate/Other EBITDA

 

 

(12,171

)

 

 

(9,589

)

Other (income)

 

 

 

 

 

(634

)

Depreciation

 

 

(4,633

)

 

 

(3,670

)

Amortization

 

 

(2,959

)

 

 

(1,946

)

Consolidated operating income

 

$

59,234

 

 

$

157,053

 

Depreciation:

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

4,128

 

 

$

3,037

 

Canadian Factory-built Housing

 

 

356

 

 

 

281

 

Corporate/Other

 

 

149

 

 

 

352

 

Consolidated depreciation

 

$

4,633

 

 

$

3,670

 

Amortization of U.S. Factory-built Housing intangible assets:

 

$

2,959

 

 

$

1,946

 

Capital expenditures:

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

9,678

 

 

$

8,933

 

Canadian Factory-built Housing

 

 

466

 

 

 

361

 

Corporate/Other

 

 

197

 

 

 

141

 

Consolidated capital expenditures

 

$

10,341

 

 

$

9,435

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

July 1,
2023

 

 

April 1,
2023

 

Total Assets:

 

 

 

 

 

 

U.S. Factory-built Housing (1)

 

$

691,008

 

 

$

708,573

 

Canadian Factory-built Housing (1)

 

 

129,233

 

 

 

124,673

 

Corporate/Other (1)

 

 

797,418

 

 

 

729,478

 

Consolidated total assets

 

$

1,617,659

 

 

$

1,562,724

 

 

(1)
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.