Income Taxes (Tables)
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12 Months Ended |
Mar. 28, 2026 |
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| Income Tax Disclosure [Abstract] |
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| Schedule of Provision for Income Taxes |
The following details the provision for income taxes for fiscal years 2026, 2025 and 2024 (in thousands): | | | | | | | | | | | | | | | | | | | | 2026 | | 2025 | | 2024 | | Current | | | | | | | Federal | $ | 34,106 | | | $ | 37,755 | | | $ | 36,023 | | | State | 10,166 | | | 8,665 | | | 8,094 | | | Foreign | 155 | | | 133 | | | 218 | | | 44,427 | | | 46,553 | | | 44,335 | | | Deferred | | | | | | | Federal | 8,390 | | | (6,022) | | | (2,884) | | | State | 1,332 | | | (497) | | | (98) | | | Foreign | — | | | — | | | (78) | | | 9,722 | | | (6,519) | | | (3,060) | | | $ | 54,149 | | | $ | 40,034 | | | $ | 41,275 | |
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| Schedule of Effective Income Tax Rate Reconciliation |
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 Effects | 76 | | | — | | | 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 Compensation | 3,160 | | | 1.3 | | | Other | (45) | | | — | | | Changes in Unrecognized Tax Benefits | 107 | | | — | | | 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):
| | | | | | | | | | | | | | 2025 | | 2024 | | | | | | | | | | 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 effect | 8,630 | | | 7,984 | | | Tax Credits | (12,047) | | | (6,662) | | | Other | (874) | | | (1,875) | | | $ | 40,034 | | | $ | 41,275 | |
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| Schedule of Income Tax Paid |
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 | | | State | 9,115 | | | Foreign | 149 | | | Total net income taxes paid | $ | 39,264 | |
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| Schedule of Net deferred Tax Assets and Liabilities |
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 | | | Other | 3,346 | | | 6,698 | | | $ | (14,716) | | | $ | 1,853 | |
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