v3.26.3
Acquisitions
 6 Months Ended
Sep. 26, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
Fiscal Year 2026
American Homestar Acquisition
On September 29, 2025 (the "Acquisition Date"), we completed the acquisition of American Homestar, including its two manufacturing facilities, 19 wholly-owned retail locations and financial service operations, by acquiring 100% of the outstanding stock for total consideration of $181.3 million paid with cash on hand. This purchase enhances our position in the South Central U.S. while adding coverage and scale with high quality products. We believe this purchase will have a positive financial impact with accretive earnings and cash flow and meaningful improvement opportunities including cost, purchasing and product optimization synergies.
The following table presents the fair values of the assets that we acquired and the liabilities that we assumed as of the Acquisition Date (in thousands). During the second fiscal quarter of 2026, we finalized the purchase price allocation which did not have a material effect on the Consolidated Financial Statements:
September 29,
2025		AdjustmentsSeptember 29, 2025
(as adjusted)
Cash$8,484 $— $8,484 
Accounts receivable5,310 — 5,310 
Other current assets2,574 238 2,812 
Inventories47,855 — 47,855 
Property, plant and equipment37,160 (49)37,111 
Consumer loans receivable1,870 — 1,870 
Operating lease right-of-use asset2,952 (459)2,493 
Intangible assets(1)
13,300 — 13,300 
Accounts payable and accrued liabilities(16,757)(1,635)(18,392)
Operating lease liability(2,952)459 (2,493)
Deferred tax liability(5,700)(1,114)(6,814)
Net identifiable assets acquired94,096 (2,560)91,536 
Goodwill(2)(3)
85,834 3,898 89,732 
Net assets acquired$179,930 $1,338 $181,268 
(1) Consists of $13.3 million assigned to customer-related intangibles, subject to a useful life of 14 years amortized on a straight-line basis. Fair value was derived from an income approach, specifically a multi-period excess earnings method, which incorporates assumptions including customer attrition rates, projected revenues, and discount rates.
(2) Attributable to the Factory-built housing segment and not deductible for income tax purposes.
(3) Change in Goodwill due to adjustments to net identifiable assets acquired and an increase in purchase     price of $1.3 million due to finalization of closing adjustments.
Pro Forma Impact of American Homestar Acquisition (Unaudited). The following table presents supplemental pro forma information as if the above acquisition had occurred on March 30, 2025 (in thousands, except per share data):
September 27, 2025
Three Months EndedSix Months Ended
Net revenue$603,345 $1,213,657 
Net income $54,360 $110,756 
Diluted net income per share$6.80 $13.80