v3.26.1
Income Taxes
 12 Months Ended
Mar. 28, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The provision for income taxes generally represents income taxes paid or payable for the current year plus the change in deferred taxes during the year. The following details the provision for income taxes for fiscal years 2026, 2025 and 2024 (in thousands):
 202620252024
Current
Federal$34,106 $37,755 $36,023 
State10,166 8,665 8,094 
Foreign155 133 218 
44,427 46,553 44,335 
Deferred
Federal8,390 (6,022)(2,884)
State1,332 (497)(98)
Foreign— — (78)
9,722 (6,519)(3,060)
$54,149 $40,034 $41,275 

We adopted ASU 2023-09 "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" on a prospective basis beginning with the year ended March 28, 2026. The following table presents required disclosure pursuant to ASU 2023-09 and reconciles the U.S. federal statutory tax amount and rate to our actual effective amount and rate for the year ended March 28, 2026 (in thousands):
 2026
Federal income tax at statutory rate$51,387 21.0 %
State income taxes, net of federal benefit1
8,674 3.5 
Foreign Tax Effects76 — 
Effect of Cross-Border Tax Laws (GILTI, FDII, Foreign Tax Credits)(84)— 
Tax Credits
Home Energy Efficiency Related Tax Credits(6,776)(2.8)
Other Tax Credits(1,743)(0.7)
Changes in Valuation Allowances— — 
Nontaxable or Nondeductible Items
Non-Deductible Executive Compensation3,160 1.3 
Other(45)— 
Changes in Unrecognized Tax Benefits107 — 
Other Adjustments(607)(0.2)
$54,149 22.1 %
1For the year ended March 28, 2026, the majority of state income taxes were incurred in Texas, California, Arizona, Oregon, Florida, New York, and North Carolina.
For the years ended March 29, 2025 and March 30, 2024, prior to the adoption of ASU 2023-09, the principal reconciling items from the U.S. statutory income tax rate to the effective tax rate are as follows (in thousands):

 20252024
Income tax provision for continuing operations at the expected Federal income tax rate of 21%$44,325 $41,828 
State income taxes, net of federal tax effect8,630 7,984 
Tax Credits(12,047)(6,662)
Other(874)(1,875)
$40,034 $41,275 
The effective income tax rate for the current year was lower compared to the statutory rate primarily due to $6.8 million related to the sale of energy efficient homes and Energy Star credits available under the Internal Revenue Code §45L, and $1.7 million related to the Research and Development, Solar, and Work Opportunity tax Credits.
Compared to fiscal year 2025, the effective income tax rate increased due to a $3.7 million reduction in Energy Star credits available in the current year compared to the prior year. The lower effective income tax rate in fiscal year 2025 compared to fiscal year 2024 is due to an increase of $5.4 million in Energy Star credits compared to the prior year.

We adopted ASU 2023-09 on a prospective basis for the year ended March 28, 2026 and have included the following table as a result of our adoption, which presents income taxes paid (net of refunds received) for the year ended March 28, 2026 (in thousands).

 2026
Federal$30,000 
State9,115 
Foreign149 
Total net income taxes paid$39,264 

Net deferred tax assets and liabilities were as follows (in thousands):
 March 28,
2026		March 29,
2025
Net deferred tax (liabilities) assets
Fixed assets and depreciation $(19,347)$(13,291)
Goodwill (19,320)(17,935)
Warranty reserves 9,776 8,016 
Operating lease liability 8,467 6,312 
Lease right of use asset (8,042)(5,862)
Rebates payable 3,847 3,317 
Salaries, wages and benefits 3,603 3,592 
Inventory 2,390 2,983 
Research and experimentation expenditures 564 8,023 
Other3,346 6,698 
$(14,716)$1,853 
We periodically evaluate the deferred tax assets based on the requirements established in ASC 740, which requires the recording of a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The determination of the need for, or amount of, any valuation allowance involves significant management judgment and is based upon the evaluation of both positive and negative evidence, including management projections of anticipated taxable income. At March 28, 2026, we had no state net operating loss carryforwards and no associated valuation allowance. We have evaluated our historical profits earned and forecasted taxable income and determined that all of the deferred tax assets would be utilized in future periods. Ultimate realization of the deferred tax assets depends on our ability to continue to earn profits, as we have historically, and to meet these forecasts in future periods.
Income tax returns are filed in the U.S. federal jurisdiction, in several state jurisdictions, and in Mexico. In general, we are no longer subject to examination by the IRS for years before fiscal year 2023 or state and local income tax examinations by tax authorities for years before fiscal year 2022; however, we have filed refund claims for fiscal 2018 which is currently being processed by the IRS and fiscal 2020 which has been received in the first quarter of fiscal 2027.