Subsequent Events |
3 Months Ended |
|---|---|
Jun. 28, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events On July 4, 2025, the new tax law commonly referred to as the One Big Beautiful Bill Act was enacted. We are in the process of evaluating its impact on our Consolidated Financial Statements. On July 14, 2025, the Company entered into a definitive agreement to acquire American Homestar Corporation and its subsidiaries (collectively, "American Homestar"), a Houston-based company best known in the market as Oak Creek Homes. American Homestar operates two manufacturing facilities, nineteen retail locations, writes and sells a limited number of manufactured home loans and acts as an agent for third party insurers. Cavco will acquire American Homestar for $190 million in cash, subject to customary purchase price adjustments. The acquisition is intended to be funded entirely from the Company's cash on hand and is expected to close in the Company's third quarter of fiscal year 2026, subject to applicable regulatory approvals and the satisfaction of certain customary closing conditions.
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