XML 45 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
9 Months Ended
Dec. 29, 2018
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segments

Selected financial information by reportable segment was as follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

(Dollars in thousands)

 

December 29,

2018

 

 

December 30,

2017

 

 

December 29,

2018

 

 

December 30,

2017

 

 

 

(unaudited)

 

 

(unaudited)

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

309,518

 

 

$

242,739

 

 

$

882,257

 

 

$

641,878

 

Canadian Factory-built Housing

 

 

27,130

 

 

 

24,950

 

 

 

79,885

 

 

 

74,006

 

Corporate/Other

 

 

18,023

 

 

 

26,689

 

 

 

70,226

 

 

 

82,559

 

Consolidated net sales

 

$

354,671

 

 

$

294,378

 

 

$

1,032,368

 

 

$

798,443

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing EBITDA

 

$

30,637

 

 

$

27,184

 

 

$

80,240

 

 

$

52,988

 

Canadian Factory-built Housing EBITDA

 

 

2,568

 

 

 

1,836

 

 

 

9,123

 

 

 

8,475

 

Corporate/Other EBITDA

 

 

(12,740

)

 

 

(3,609

)

 

 

(120,937

)

 

 

(9,157

)

Depreciation

 

 

(2,944

)

 

 

(1,901

)

 

 

(8,219

)

 

 

(5,761

)

Amortization

 

 

(1,633

)

 

 

(127

)

 

 

(3,316

)

 

 

(365

)

Consolidated operating income (loss)

 

$

15,888

 

 

$

23,383

 

 

$

(43,109

)

 

$

46,180

 

Depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

2,486

 

 

$

1,553

 

 

$

6,946

 

 

$

4,706

 

Canadian Factory-built Housing

 

 

237

 

 

 

231

 

 

 

695

 

 

 

675

 

Corporate/Other

 

 

221

 

 

 

117

 

 

 

578

 

 

 

380

 

Consolidated depreciation

 

$

2,944

 

 

$

1,901

 

 

$

8,219

 

 

$

5,761

 

Amortization of intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

1,572

 

 

$

65

 

 

$

3,134

 

 

$

182

 

Canadian Factory-built Housing

 

 

61

 

 

 

62

 

 

 

182

 

 

 

183

 

Corporate/Other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consolidated amortization of intangible assets

 

$

1,633

 

 

$

127

 

 

$

3,316

 

 

$

365

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Factory-built Housing

 

$

1,463

 

 

$

1,485

 

 

$

4,919

 

 

$

6,505

 

Canadian Factory-built Housing

 

 

158

 

 

 

354

 

 

 

572

 

 

 

754

 

Corporate/Other

 

 

1,322

 

 

 

175

 

 

 

2,136

 

 

 

608

 

Consolidated capital expenditures

 

$

2,943

 

 

$

2,014

 

 

$

7,627

 

 

$

7,867

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

December 29,

2018

 

 

March 31,

2018

 

 

 

 

 

 

 

 

 

 

 

(unaudited)

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S Factory-built Housing (1)

 

 

 

 

 

 

 

 

 

$

465,095

 

 

$

190,323

 

Canadian Factory-built Housing (1)

 

 

 

 

 

 

 

 

 

 

55,224

 

 

 

54,449

 

Corporate/Other (1)

 

 

 

 

 

 

 

 

 

 

157,945

 

 

 

150,626

 

Consolidated total assets

 

 

 

 

 

 

 

 

 

$

678,264

 

 

$

395,398

 

 

 

(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.