v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Apr. 01, 2023
Apr. 02, 2022
Apr. 03, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE TABLE
 
 
The following table provides information regarding compensation actually paid to our Principal Executive Officers (“PEO”) and
non-PEO
NEOs during the last four fiscal years, as well as total shareholder return, net income and revenue.
 
Year
  
Summary
Compensation
Table Total
for PEO Tim
Larson
($) (1)
  
Compensation
Actually Paid
to PEO Tim
Larson
($) (1) (2)
  
Summary
Compensation
Table Total
for PEO Mark
Yost
($) (1)
  
Compensation
Actually Paid
to PEO Mark
Yost
($) (1) (2)
  
Average
Summary
Compensation
Table Total
for Non-PEO

Named
Executive
Officers
($) (3)
  
Average
Compensation
Actually Paid
to Non-PEO
Named
Executive
Officers
($) (3) (4)
  
Value of Initial Fixed
$100 Investment Based
on:
  
Net
Income (in
thousands)
($)
  
Company
Selected
Measure
—Revenue
(in
thousands)
($) (6)
 
Cumulative
Total
Shareholder
Return
($)
  
Cumulative
Peer Group
Shareholder
Return
($) (5)
2025
       6,363,206       6,891,860       1,784,022       (5,787,784 )       2,304,344       2,838,848       604.34       332.48       198,413       2,483,448 
2024
       —       —       5,672,498       4,968,664       1,756,948       1,609,135       542.16       416.21       146,696       2,024,823 
2023
       —       —       8,077,646       11,308,701       2,807,914       3,727,096       479.78       273.42       401,802       2,606,560 
2022
       —       —       5,765,742       9,156,467       2,160,329       3,003,454       350.00       217.54       248,044       2,207,229 
2021
       —       —       2,635,562       7,280,148       1,104,635       2,446,060       288.65       269.19       84,899       1,420,881 
 
Year
  
Summary
Compensation
Table Total
for PEO Mark
Yost ($)
  
Less: Grant Date
Fair Value of
Equity Awards
Granted in
Fiscal Year ($)
  
Plus: Fair Value
of Unvested
Equity at Fiscal
Year-End
(Current Year
Awards) ($)
  
Plus:
Increase/(Decrease)
in Fair Value of
Equity Vested
During Fiscal Year
($)
  
Plus:
Increase/(Decrease)
in Fair Value of
Unvested Equity at
Fiscal Year-End
(Prior Year Awards)
($)
  
Plus:
Increase/(Decrease)
in Fair Value at
Prior Fiscal
Year-End
of Equity
Forfeited during the
Current Year
  
 Compensation 
Actually Paid to
PEO Mark Yost
($) 
2025
       1,784,022       —       —       850,932       —       (8,422,738 )       (5,787,784 )
2024
       5,672,498       (4,908,968 )       4,908,968       96,634       (800,468 )       —       4,968,664
2023
       8,077,646       (5,822,066 )       6,585,723       746,685       1,720,714       —       11,308,701
2022
       5,765,742       (3,660,296 )       2,908,784       2,538,546       1,603,691       —       9,156,467
2021
       2,635,562       (1,247,012 )       2,278,688       916,685       2,696,225       —       7,280,148
 
Year
  
Summary
Compensation
Table Total
for PEO Tim
Larson ($)
  
Less: Grant Date
Fair Value of
Equity Awards
Granted in
Fiscal Year ($)
  
Plus: Fair Value
of Unvested
Equity at Fiscal
Year-End
(Current Year
Awards) ($)
  
Plus:
Increase/(Decrease)
in Fair Value of
Equity Vested
During Fiscal Year
($)
  
Plus:
Increase/
(Decrease) in Fair
Value of Unvested
Equity at Fiscal
Year-End
(Prior Year Awards)
($)
  
Plus:
Increase/(Decrease)
in Fair Value at
Prior Fiscal Year-
End of Equity
Forfeited during the
Current Year
  
 Compensation 
Actually Paid to
PEO Tim Larson
($)
2025
       6,363,206       (5,158,929 )       4,962,056       135,545       589,982       —       6,891,860
 
    
 
Year
  
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs ($) (3)
  
Less: Grant
Date Fair
Value of
Equity
Awards
Granted in
Fiscal Year
($)
  
Plus: Average
Fair Value of
Unvested
Equity at
Fiscal Year-
End (Current
Year Awards)
($)
  
Plus:
Increase/(Decrease)
in Fair Value of
Equity Vested
During Fiscal Year
($)
  
Plus:
Increase/(Decrease)
in Fair Value of
Unvested Equity at
Fiscal Year-End
(Prior Year Awards)
($)
  
Plus:
Increase/(Decrease)
in Fair Value at
Prior Fiscal
Year-End

of Equity Forfeited
during the Current
Year
  
Average
 Compensation 
Actually Paid to
Non-PEO NEOs
($) 
2025
       2,304,344       (1,266,531 )       1,272,960       82,983       445,092       —       2,838,848
2024
       1,756,948       (1,328,377 )       1,328,377       62,140       (209,953 )       —       1,609,135
2023
       2,807,914       (1,618,567 )       1,830,868       161,192       545,689       —       3,727,096
2022
       2,160,329       (1,125,595 )       936,428       647,903       384,389       —       3,003,454
2021
       1,104,635       (383,918 )       701,542       276,522       747,279       —       2,446,060
 
 
(1)
 
Reflects compensation amounts reported in the Summary Compensation Table for our current CEO, Tim Larson, and our former CEO, Mark Yost, for the respective years shown.
 
(2)
 
Adjustments to the Summary Compensation Table Total to arrive at Compensation Actually Paid (“CAP”) for our PEOs are shown below. No adjustments were necessary for defined benefit and pension plans, dividends, or equity awards granted and vested during the same fiscal year. The assumptions used for determining the fair values shown in this table are materially consistent with those used to determine the fair values disclosed as of the grant date of such awards.
 
(3)
 
Non-PEO
NEOs were: Laurie Hough, Joseph Kimmel, Wade Lyall and Laurel Krueger for fiscal 2025; Laurie Hough, Tim Larson, Joseph Kimmel, Wade Lyall in fiscal 2024 and 2023; Laurie Hough, Tim Larson, Joseph Kimmel, Wade Lyall and Robert Spence in fiscal 2022; and Laurie Hough, Joseph Kimmel, Wade Lyall, and Robert Spence in fiscal 2021.
 
(4)
 
Adjustments to the Summary Compensation Table Total to arrive at CAP for
non-PEO
NEOs are shown below. No adjustments were necessary for defined benefit and pension plans, dividends, equity awards granted and vested during the same fiscal year, or forfeitures.
 
(5)
 
The peer group consists of Beazer Homes USA, Cavco Industries, Century Communities, LGI Homes, MDC Holdings, M/I Homes, Meritage Homes, Quanex Building Products Corp, and Tri Pointe Group, which is the same peer group we use in our fiscal 2025 Annual Report on Form
10-K.
The peer group TSR calculation is weighted by market capitalization at the beginning of the applicable period. The comparison assumes $100 was invested for the period starting March 28, 2020, through the end of the listed fiscal year. The below graph illustrates the relationship between our Cumulative TSR and peer group TSR, and the relationship between our CAP and the cumulative TSR for the Company and our peer group.
 
(6)
 
The Company Selected Measure of Revenue reflects net sales from the Company’s consolidated income statements in the Company’s annual reports on Form
10-K
for fiscal years 2021 through 2025.
       
Company Selected Measure Name Revenue        
Named Executive Officers, Footnote
Non-PEO
NEOs were: Laurie Hough, Joseph Kimmel, Wade Lyall and Laurel Krueger for fiscal 2025; Laurie Hough, Tim Larson, Joseph Kimmel, Wade Lyall in fiscal 2024 and 2023; Laurie Hough, Tim Larson, Joseph Kimmel, Wade Lyall and Robert Spence in fiscal 2022; and Laurie Hough, Joseph Kimmel, Wade Lyall, and Robert Spence in fiscal 2021. 		       
Peer Group Issuers, Footnote The peer group consists of Beazer Homes USA, Cavco Industries, Century Communities, LGI Homes, MDC Holdings, M/I Homes, Meritage Homes, Quanex Building Products Corp, and Tri Pointe Group, which is the same peer group we use in our fiscal 2025 Annual Report on Form
10-K.
        
Adjustment To PEO Compensation, Footnote
(2)
 
Adjustments to the Summary Compensation Table Total to arrive at Compensation Actually Paid (“CAP”) for our PEOs are shown below. No adjustments were necessary for defined benefit and pension plans, dividends, or equity awards granted and vested during the same fiscal year. The assumptions used for determining the fair values shown in this table are materially consistent with those used to determine the fair values disclosed as of the grant date of such awards.
 
Year
  
Summary
Compensation
Table Total
for PEO Mark
Yost ($)
  
Less: Grant Date
Fair Value of
Equity Awards
Granted in
Fiscal Year ($)
  
Plus: Fair Value
of Unvested
Equity at Fiscal
Year-End
(Current Year
Awards) ($)
  
Plus:
Increase/(Decrease)
in Fair Value of
Equity Vested
During Fiscal Year
($)
  
Plus:
Increase/(Decrease)
in Fair Value of
Unvested Equity at
Fiscal Year-End
(Prior Year Awards)
($)
  
Plus:
Increase/(Decrease)
in Fair Value at
Prior Fiscal
Year-End
of Equity
Forfeited during the
Current Year
  
 Compensation 
Actually Paid to
PEO Mark Yost
($) 
2025
       1,784,022       —       —       850,932       —       (8,422,738 )       (5,787,784 )
2024
       5,672,498       (4,908,968 )       4,908,968       96,634       (800,468 )       —       4,968,664
2023
       8,077,646       (5,822,066 )       6,585,723       746,685       1,720,714       —       11,308,701
2022
       5,765,742       (3,660,296 )       2,908,784       2,538,546       1,603,691       —       9,156,467
2021
       2,635,562       (1,247,012 )       2,278,688       916,685       2,696,225       —       7,280,148
 
Year
  
Summary
Compensation
Table Total
for PEO Tim
Larson ($)
  
Less: Grant Date
Fair Value of
Equity Awards
Granted in
Fiscal Year ($)
  
Plus: Fair Value
of Unvested
Equity at Fiscal
Year-End
(Current Year
Awards) ($)
  
Plus:
Increase/(Decrease)
in Fair Value of
Equity Vested
During Fiscal Year
($)
  
Plus:
Increase/
(Decrease) in Fair
Value of Unvested
Equity at Fiscal
Year-End
(Prior Year Awards)
($)
  
Plus:
Increase/(Decrease)
in Fair Value at
Prior Fiscal Year-
End of Equity
Forfeited during the
Current Year
  
 Compensation 
Actually Paid to
PEO Tim Larson
($)
2025
       6,363,206       (5,158,929 )       4,962,056       135,545       589,982       —       6,891,860
       
Non-PEO NEO Average Total Compensation Amount $ 2,304,344 $ 1,756,948 $ 2,807,914 $ 2,160,329 $ 1,104,635
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,838,848 1,609,135 3,727,096 3,003,454 2,446,060
Adjustment to Non-PEO NEO Compensation Footnote
(4)
 
Adjustments to the Summary Compensation Table Total to arrive at CAP for
non-PEO
NEOs are shown below. No adjustments were necessary for defined benefit and pension plans, dividends, equity awards granted and vested during the same fiscal year, or forfeitures.
 
Year
  
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs ($) (3)
  
Less: Grant
Date Fair
Value of
Equity
Awards
Granted in
Fiscal Year
($)
  
Plus: Average
Fair Value of
Unvested
Equity at
Fiscal Year-
End (Current
Year Awards)
($)
  
Plus:
Increase/(Decrease)
in Fair Value of
Equity Vested
During Fiscal Year
($)
  
Plus:
Increase/(Decrease)
in Fair Value of
Unvested Equity at
Fiscal Year-End
(Prior Year Awards)
($)
  
Plus:
Increase/(Decrease)
in Fair Value at
Prior Fiscal
Year-End

of Equity Forfeited
during the Current
Year
  
Average
 Compensation 
Actually Paid to
Non-PEO NEOs
($) 
2025
       2,304,344       (1,266,531 )       1,272,960       82,983       445,092       —       2,838,848
2024
       1,756,948       (1,328,377 )       1,328,377       62,140       (209,953 )       —       1,609,135
2023
       2,807,914       (1,618,567 )       1,830,868       161,192       545,689       —       3,727,096
2022
       2,160,329       (1,125,595 )       936,428       647,903       384,389       —       3,003,454
2021
       1,104,635       (383,918 )       701,542       276,522       747,279       —       2,446,060
       
Compensation Actually Paid vs. Total Shareholder Return LOGO        
Compensation Actually Paid vs. Net Income LOGO        
Compensation Actually Paid vs. Company Selected Measure LOGO        
Total Shareholder Return Vs Peer Group LOGO        
Tabular List, Table
We structure our executive compensation program to award compensation that depends on, and rewards executives on the basis of individual and Company short and long-term performance and thereby fosters a pay-for-performance culture. The Compensation Committee selects the metrics used for both our short-term and long-term incentive awards because it believes they effectively drive financial and operational performance and incentivize our executives to pursue actions that create sustainable shareholder value. The financial performance measures used by the Company for fiscal 2025 to align the compensation actually paid to the Company’s NEOs to Company performance are:
 
Financial Performance Measures
Revenue
Earnings per Share
Relative Total Shareholder Return
Single Family Home Completion Market Share
        
Total Shareholder Return Amount $ 604.34 542.16 479.78 350 288.65
Peer Group Total Shareholder Return Amount 332.48 416.21 273.42 217.54 269.19
Net Income (Loss) $ 198,413,000 $ 146,696,000 $ 401,802,000 $ 248,044,000 $ 84,899,000
Company Selected Measure Amount 2,483,448,000 2,024,823,000 2,606,560,000 2,207,229,000 1,420,881,000
Measure:: 1          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Earnings per Share        
Measure:: 3          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return        
Measure:: 4          
Pay vs Performance Disclosure          
Name Single Family Home Completion Market Share        
Tim Larson [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 6,363,206 $ 0 $ 0 $ 0 $ 0
PEO Actually Paid Compensation Amount $ 6,891,860 0 0 0 0
PEO Name Tim Larson        
Mark Yost [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 1,784,022 5,672,498 8,077,646 5,765,742 2,635,562
PEO Actually Paid Compensation Amount $ (5,787,784) 4,968,664 11,308,701 9,156,467 7,280,148
PEO Name Mark Yost        
PEO | Tim Larson [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 4,962,056        
PEO | Tim Larson [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 589,982        
PEO | Tim Larson [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 135,545        
PEO | Tim Larson [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Tim Larson [Member] | Grant Date Fair Value of Equity Awards Granted in Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,158,929)        
PEO | Mark Yost [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 4,908,968 6,585,723 2,908,784 2,278,688
PEO | Mark Yost [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 (800,468) 1,720,714 1,603,691 2,696,225
PEO | Mark Yost [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 850,932 96,634 746,685 2,538,546 916,685
PEO | Mark Yost [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (8,422,738) 0 0 0 0
PEO | Mark Yost [Member] | Grant Date Fair Value of Equity Awards Granted in Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 (4,908,968) (5,822,066) (3,660,296) (1,247,012)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,272,960 1,328,377 1,830,868 936,428 701,542
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 445,092 (209,953) 545,689 384,389 747,279
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 82,983 62,140 161,192 647,903 276,522
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Grant Date Fair Value of Equity Awards Granted in Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,266,531) $ (1,328,377) $ (1,618,567) $ (1,125,595) $ (383,918)