Skyline Champion (SKY) 10-Q 8 Nov 18 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 29, 2018	Nov. 02, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 29, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2
Trading Symbol	SKY
Entity Registrant Name	SKYLINE CHAMPION CORP
Entity Central Index Key	90,896
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		56,713,294

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 29, 2018	Mar. 31, 2018
Current assets:
Cash and cash equivalents	$ 102,873	$ 113,731
Trade accounts receivable, net	55,165	41,984
Inventories	113,147	98,022
Other current assets	11,738	9,367
Total current assets	282,923	263,104
Property, plant and equipment, net	111,950	67,960
Restricted cash		22,885
Goodwill	177,485	3,179
Amortizable intangible assets, net	43,158	1,542
Deferred tax assets	37,112	30,290
Other noncurrent assets	12,784	6,438
Total assets	665,412	395,398
Current liabilities:
Floor plan payable	29,893	29,825
Short-term portion of debt		404
Accounts payable	46,021	36,773
Other current liabilities	119,736	100,112
Total current liabilities	195,650	167,114
Long-term liabilities:
Long-term debt	59,330	58,927
Deferred tax liabilities	3,459	3,294
Other long-term liabilities	20,504	12,766
Total long-term liabilities	83,293	74,987
Contingent liabilities (Note 17)
Equity:
Common stock, $0.0277 par value, 115,000 shares authorized, 56,713 shares issued as of September 29, 2018 (including 464 shares subject to restriction)	1,571
Additional paid-in capital	472,176
Members’ contributed capital		140,076
(Accumulated deficit) retained earnings	(77,878)	22,514
Accumulated other comprehensive loss	(9,400)	(9,293)
Total equity	386,469	153,297
Total liabilities and equity	$ 665,412	$ 395,398

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 29, 2018	Mar. 31, 2018
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.0277	$ 0.0277
Common stock, shares authorized	115,000,000	115,000,000
Common stock, shares issued	56,713,000
Shares subject to restriction	464,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Income Statement [Abstract]
Net sales	$ 355,436	$ 259,963	$ 677,697	$ 504,065
Cost of sales	296,436	218,636	563,537	426,706
Gross profit	59,000	41,327	114,160	77,359
Selling, general and administrative expenses	128,069	27,763	173,157	54,562
Operating (loss) income	(69,069)	13,564	(58,997)	22,797
Interest expense, net	827	1,065	1,899	2,165
Other expense	1,307	842	7,720	923
(Loss) income before income taxes	(71,203)	11,657	(68,616)	19,709
Income tax expense	5,822	4,249	9,262	7,038
Net (loss) income	(77,025)	7,408	(77,878)	12,671
Comprehensive (loss) income:
Net (loss) income	(77,025)	7,408	(77,878)	12,671
Foreign currency translation gain (loss)	588	1,382	(107)	2,199
Comprehensive (loss) income	$ (76,437)	$ 8,790	$ (77,985)	$ 14,870
Net (loss) income per share:
Basic	$ (1.42)	$ 0.16	$ (1.53)	$ 0.27
Diluted	$ (1.42)	$ 0.16	$ (1.53)	$ 0.27

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Cash flows from operating activities
Net (loss) income	$ (77,878)	$ 12,671
Adjustments to reconcile net (loss) income to net cash provided by operating activities
Depreciation	5,275	3,860
Amortization of intangible assets	1,683	238
Equity-based compensation	93,927	300
Deferred income taxes	3,025	2,023
Amortization of deferred financing fees	285	30
Loss on disposal of property, plant and equipment	3	11
Foreign currency transaction loss (gain)	33	(1,233)
(Increase) decrease in assets net of business acquired
Accounts receivable	398	(11,331)
Inventories	3,852	(8,806)
Prepaid expenses	(1,028)	(2,434)
Other assets	504	1,900
Increase (decrease) in liabilities net of business acquired
Accounts payable	(586)	5,430
Accrued expenses	447	(115)
Other liabilities	(922)	1,157
Net cash provided by operating activities	29,018	3,701
Cash flows from investing activities
Additions to property, plant, and equipment	(4,684)	(5,853)
Cash assumed in business acquisition	9,722
Proceeds from disposal of property, plant and equipment	11	395
Decrease in note receivable	132	120
Net cash provided by (used in) investing activities	5,181	(5,338)
Cash flows from financing activities
Borrowings on revolving credit facility	46,900
Payments on term loans and capital leases	(46,898)	(216)
Changes in floor plan financing, net	68	5,771
Payments for deferred financing fees	(1,976)
Members’ capital distributions	(65,277)
Stock option exercises	1,615
Tax payments for equity-based compensation	(2,336)
Net cash (used in) provided by financing activities	(67,904)	5,555
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(38)	1,693
Net (decrease) increase in cash, cash equivalents and restricted cash during the period	(33,743)	5,611
Cash, cash equivalents and restricted cash at beginning of period	136,616	102,692
Cash, cash equivalents and restricted cash at end of period	102,873	108,303
Supplemental disclosures of cash flow information
Cash paid for income taxes, net of refunds	5,878	4,298
Cash paid for interest	$ 2,572	$ 2,568

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholder's' Equity - 6 months ended Sep. 29, 2018 - USD ($) shares in Thousands, $ in Thousands	Total	Members' Contributed Capital [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Accumulated Deficit) [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning balance at Mar. 31, 2018	$ 153,297	$ 140,076			$ 22,514	$ (9,293)
Members’ capital distributions	(65,277)	(42,763)			(22,514)
Exchange of membership interest for shares of Skyline Champion Corporation	285,165	$ (97,313)	$ 1,555	$ 380,923
Exchange of membership interest for shares of Skyline Champion Corporation , shares			56,143
Equity-based compensation	93,927			93,927
Common stock issued under equity-based compensation plans, net of shares withheld for employee taxes	(2,658)		$ 16	(2,674)
Common stock issued under equity-based compensation plans, net of shares withheld for employee taxes, shares			570
Foreign currency translation adjustments	(107)					(107)
Net loss	(77,878)				(77,878)
Ending balance at Sep. 29, 2018	$ 386,469		$ 1,571	$ 472,176	$ (77,878)	$ (9,400)
Ending balance, shares at Sep. 29, 2018			56,713

Basis of Presentation and Busin

Basis of Presentation and Business	6 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Basis of Presentation and Business	1. The accompanying unaudited consolidated financial statements of Skyline Champion Corporation (the “Company”), have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for Quarterly Reports on Form 10-Q and Article 10 of SEC Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries after elimination of intercompany balances and transactions. In the opinion of management, these statements include all of the normal recurring adjustments necessary to fairly state the Company’s consolidated results of operations, cash flows and financial position. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes to the audited consolidated financial statements included as an exhibit to the Company’s Current Report on Form 8-K/A, which was filed with the SEC on June 14, 2018. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the accompanying notes thereto. Actual results could differ from those estimates. The condensed consolidated statements of comprehensive income (loss) and condensed consolidated statements of cash flows for the interim periods are not necessarily indicative of the results of operations or cash flows for the full year. The Company’s fiscal year is a 52- or 53-week period that ends on the Saturday nearest to March 31. The Company’s current fiscal year will end on March 30, 2019. The three months ended September 29, 2018 and September 30, 2017 each included 13 weeks. The six months ended September 29, 2018 and September 30, 2017 each included 26 weeks. References to “fiscal 2016” relate to the Company’s fiscal year ended April 2, 2016, references to “fiscal 2017” relate to the Company’s fiscal year ended April 1, 2017, references to “fiscal 2018” refer to the Company’s fiscal year ended March 31, 2018 and references to “fiscal 2019” refer to the Company’s fiscal year ending March 30, 2019. The Company is a leading producer of factory-built housing in the United States (“U.S.”) and Canada and serves as a complete solutions provider across complementary and vertically integrated businesses including manufactured construction, company-owned retail locations, and transportation logistics services. The Company is the second largest factory-built solutions provider in North America based on revenue and markets its homes under several nationally recognized brand names including Skyline Homes, Champion Homes, Redman Homes, Dutch Housing, Excel Homes, Silvercrest, Titan Homes, Moduline, and SRI Homes. As of September 29, 2018, the Company operates 31 manufacturing facilities throughout the U.S. and five manufacturing facilities in western Canada that primarily construct factory-built, timber-framed manufactured and modular houses that are sold primarily to independent retailers and builders/developers, including manufactured home community operators. The Company’s retail operations consist of 21 sales centers that sell manufactured homes to consumers primarily in the southern U.S. The Company’s transportation business primarily engages independent owners/drivers to transport manufactured homes and recreational vehicles throughout the U.S. and Canada. Recently Issued Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) The Company is currently evaluating the impact this standard will have on its consolidated financial position, results of operations and cash flows. The Company expects the impact to the Company's consolidated balance sheet will be significant. The Company (i) has formed a cross-functional implementation team; (ii) is engaging a third party to assist with the implementation, and (iii) is implementing a software solution to manage and account for leases under the new standard. The Company plans to adopt the standard by applying the modified retrospective method on the March 31, 2019 adoption date as a cumulative-effect adjustment to the balance sheet, without restatement of comparative periods' financial information, based on transition guidance recently issued by the FASB. In addition, the Company expects to elect the package of practical expedients, exclusive of the lease term hindsight, as defined in the standard. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment There were no other accounting standards recently issued that are expected to have a material impact on our financial position or results of operations.

Business Combination

Business Combination	6 Months Ended
	Sep. 29, 2018
Business Combinations [Abstract]
Business Combination	2. On January 5, 2018, Champion Holdings and the Company entered into the Exchange Agreement pursuant to which the two companies agreed to combine their operations. The Exchange was completed on June 1, 2018 and was accounted for as a reverse acquisition under the acquisition method of accounting as provided by the FASB Accounting Standards Codification 805, Business Combinations The purchase price of the acquisition was determined with reference to the value of equity (common stock) of the Company based on the closing price on June 1, 2018 of $33.39 per share. The purchase price has been allocated to the assets acquired and liabilities assumed using their estimated fair values at June 1, 2018, the closing of the Exchange. The purchase price and its allocation are preliminary and have been used to prepare the accompanying condensed consolidated financial statements. The final purchase price and its allocation will be determined when the Company has completed the necessary valuations and calculations. The final allocation could differ materially from the preliminary allocation used in the accompanying condensed consolidated financial statements. The final allocation may include changes in allocations to intangible assets and other changes to the fair value assigned to the assets acquired and liabilities assumed. The preliminary estimated purchase price was allocated as follows: (Dollars in thousands) Allocation Cash $ 9,722 Trade accounts receivable 13,876 Inventory 19,028 Property, plant and equipment 44,642 Deferred tax assets, net 9,733 Other assets 6,349 Accounts payable and accrued liabilities (35,763 ) Intangibles 43,300 Goodwill 174,278 Total preliminary estimated purchase price allocation $ 285,165 The preliminary estimated goodwill is primarily attributable to expected synergies from the combination of the companies, including, but not limited to, expected cost synergies through procurement activities and operational improvements through sharing of best practices. Goodwill, which is not deductible for income tax purposes, was allocated to the U.S. Factory-built Housing segment. Cash, trade receivables, other assets, accounts payable, accrued and other liabilities were generally stated at historical carrying values given the short-term nature of these assets and liabilities. Intangible assets consist primarily of provisional amounts recognized for the fair value of customer relationships and trade names and were based on an independent appraisal. Customer-based assets include the Company’s established relationships with its customers and the ability of those customers to generate future economic profits for the Company. The Company estimates that these intangible assets have a weighted average useful life of ten years. The Company allocated a portion of the preliminary estimated purchase price to certain realizable deferred tax assets totaling $28.4 million. Deferred tax assets are primarily federal and state net operating loss carryforwards and credits offset by a valuation allowance for certain state net operating loss carryforwards that are not expected to be realized. The deferred tax assets are offset by deferred tax liabilities of $18.7 million resulting from the purchase price allocation step-up in fair value that exceed the historical tax basis. Included in the Company’s results of operations for the three and six months ended September 29, 2018, are results from the business acquired as follows: (Dollars in thousands) Three Months Ended September 29, 2018 Six Months Ended September 29, 2018 Net sales $ 68,083 $ 90,144 A summary of the results of operations for the Company, on an as reported and on a pro forma basis, are as follows: Three Months Ended September 30, 2017 Six Months Ended September 29, 2018 Six Months Ended September 30, 2017 (Dollars in thousands) Reported Pro forma Reported Pro forma Reported Pro forma Net sales $ 259,963 $ 318,425 $ 677,697 $ 723,501 $ 504,065 $ 621,990 Net income (loss) 7,408 8,058 (77,878 ) (62,769 ) 12,671 14,247 The pro forma results are based on adding the historical results of operations of Champion Holdings and the Company and adjusting primarily for the amortization of intangibles created in the Exchange; the increase in depreciation as a result of the step-up in fair value of property, plant and equipment; removing transaction costs directly associated with the Exchange; removing one-time equity-based compensation expense directly resulting from the Exchange; reflecting the financing arrangements entered into in connection with the Exchange, and adjusting those items for income taxes. The pro forma disclosures do not give effect to the potential impact of current financial conditions, any anticipated synergies, operating efficiencies or cost savings that may result from the Exchange or any integration costs. The pro forma data is intended for informational purposes and is not indicative of the future results of operations. The Exchange was completed during the first quarter of fiscal 2019, and therefore, there was no difference between the results of operations on an as reported and pro forma basis for the three months ended September 29, 2018. The Exchange Agreement provided that Champion Holdings was permitted to pay a capital distribution prior to completion of the Exchange to the extent it had cash in excess of debt and other debt-like items and unpaid Exchange fees and expenses. Prior to the completion of the Exchange, Champion Holdings made a capital distribution to its members equal to an aggregate of $65.3 million (of which $22.5 million was reflected as a reduction to retained earnings (accumulated deficit) and $42.8 million was reflected as a reduction to members’ contributed capital).

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Sep. 29, 2018
Text Block [Abstract]
Cash, Cash Equivalents and Restricted Cash	3. On April 1, 2018, the Company adopted ASU 2016-18, Restricted Cash A reconciliation of cash, cash equivalents and restricted cash was as follows: (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Balance sheet - cash and cash equivalents $ 102,873 $ 113,731 Balance sheet - restricted cash — 22,885 Statement of cash flows - cash, cash equivalents and restricted cash $ 102,873 $ 136,616

Inventories

Inventories	6 Months Ended
	Sep. 29, 2018
Inventory Disclosure [Abstract]
Inventories	4. The components of inventories, including inventories for the Company’s manufacturing and retail operations, were as follows: (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Raw materials $ 47,194 $ 37,852 Work in process 14,371 10,004 Finished goods and other 51,582 50,166 Total inventories $ 113,147 $ 98,022 At September 29, 2018 and March 31, 2018, reserves for obsolete inventory were $3.6 million and $3.5 million, respectively.

Property, Plant, and Equipment

Property, Plant, and Equipment	6 Months Ended
	Sep. 29, 2018
Property Plant And Equipment [Abstract]
Property, Plant, and Equipment	5. Property, plant and equipment are stated at cost. Depreciation is calculated primarily on the straight-line method, generally over the following estimated useful lives: land improvements – 3 to 10 years; buildings and improvements – 8 to 25 years; and vehicles and machinery and equipment – 3 to 8 years. Depreciation expense, including amortization of assets under capital lease, for the three and six months ended September 29, 2018 was $2.8 million and $5.3 million, respectively, and for the three and six months ended September 30, 2017 was $2.0 million and $3.9 million, respectively. The components of property, plant, and equipment were as follows: (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Land and improvements $ 34,927 $ 22,071 Buildings and improvements 85,665 58,179 Machinery and equipment 38,912 31,924 Construction in progress 2,735 919 Property, plant and equipment, at cost 162,239 113,093 Less accumulated depreciation 50,289 45,133 Property, plant, and equipment, net $ 111,950 $ 67,960

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Sep. 29, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	6. Goodwill Goodwill represents the excess of the cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. At September 29, 2018 and March 31, 2018, the Company had goodwill of $177.5 million and $3.2 million, respectively. The increase during the six months ended September 29, 2018 was a result of goodwill recognized in the Exchange. Intangible Assets The components of amortizable intangible assets were as follows: (Dollars in thousands) September 29, 2018 March 31, 2018 Customer Relationships Trade Names Total Customer Relationships Trade Names Total (unaudited) Gross carrying amount $ 40,118 $ 13,158 $ 53,276 $ 5,739 $ 4,268 $ 10,007 Accumulated amortization (6,749 ) (3,369 ) (10,118 ) (5,610 ) (2,855 ) (8,465 ) Amortizable intangibles, net $ 33,369 $ 9,789 $ 43,158 $ 129 $ 1,413 $ 1,542 Weighted average amortization period, in years 9.7 9.1 9.5 4.3 5.5 5.4 During the six months ended September 29, 2018, the Company recognized finite-lived intangibles for customer relationships of $34.4 million and trade names of $8.9 million as a result of the allocation of the preliminary estimated purchase price from the Exchange. The fair value of the customer relationship intangible asset was estimated using the multi-period excess earnings method of the income approach. The final determination of the customer relationship intangible asset will depend on changes to the assumptions used for projected cash flows attributable to the acquired customer relationships, the annual attrition rate of existing customer relationships, the contributory asset charges attributable to the assets that support the customer relationships, such as net working capital, property, plant and equipment, trade name, and workforce, the economic life and the discount rate as determined at the time of the final valuation. The fair value of the trade name intangible asset was estimated using the relief-from-royalty method of the income approach. The final determination of the trade names intangible asset will depend on changes to assumptions used for the expected life of the intangible asset, the royalty rate and the discount rate that reflects the level of risk associated with the future cash flows as determined at the time of the final valuation. Amortization of intangible assets for the three and six months ended September 29, 2018 was $1.2 million and $1.7 million, respectively, and for the three and six months ended September 30, 2017 was $0.1 million and $0.2 million, respectively.

Other Current Liabilities

Other Current Liabilities	6 Months Ended
	Sep. 29, 2018
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	7. The components of other current liabilities were as follows: (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Customer deposits and receipts in excess of revenues $ 27,332 $ 24,557 Accrued volume rebates 19,773 17,037 Accrued warranty obligations 17,171 12,530 Accrued compensation and payroll taxes 26,889 24,100 Accrued insurance 15,915 11,112 Other 12,656 10,776 Total other current liabilities $ 119,736 $ 100,112

Accrued Warranty Obligations

Accrued Warranty Obligations	6 Months Ended
	Sep. 29, 2018
Guarantees And Product Warranties [Abstract]
Accrued Warranty Obligations	8. Changes in the accrued warranty obligations were as follows: Three Months Ended Six Months Ended (Dollars in thousands) September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 (unaudited) (unaudited) Balance at the beginning of the period $ 21,898 $ 15,309 $ 15,430 $ 14,534 Warranty assumed in the Exchange — — 6,259 — Warranty expense 9,448 5,343 16,667 11,616 Cash warranty payments (8,475 ) (5,584 ) (15,485 ) (11,082 ) Balance at end of period 22,871 15,068 22,871 15,068 Less noncurrent portion in other long-term liabilities 5,700 2,600 5,700 2,600 Total current portion $ 17,171 $ 12,468 $ 17,171 $ 12,468

Debt and Floor Plan Payable

Debt and Floor Plan Payable	6 Months Ended
	Sep. 29, 2018
Debt Disclosure [Abstract]
Debt and Floor Plan Payable	9. Long-term debt consisted of the following: (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Revolving credit facility $ 46,900 $ — Obligations under industrial revenue bonds due 2029 12,430 12,430 Capital lease obligations and other debt — 4 Term loans due March 2020 — 46,897 Total debt 59,330 59,331 Less current portion — 404 Total long-term debt $ 59,330 $ 58,927 On June 5, 2018, the Company entered into a credit agreement (the “New Credit Agreement”) with a syndicate of banks. The New Credit Agreement provides for a revolving credit facility of up to $100.0 million, including a letter of credit sub-facility of not less than $45.0 million. Initial borrowings under the New Credit Agreement were used to repay the Company’s existing $46.9 million term loans (“Term Loans”) and replace the Company’s existing cash collateralized stand-alone letter of credit facility. The New Credit Agreement matures on June 5, 2023 and has no scheduled amortization. The interest rate under the New Credit Agreement adjusts based on the first lien net leverage of the Company. From June 5, 2018 through December 31, 2018, the annual interest rate is the London Interbank Offered Rate (“LIBOR”) plus 1.75% or an alternative base rate (“ABR”) described in the New Credit Agreement plus 0.75%, at the election of the Company. Thereafter, the interest rate adjusts based on the first lien net leverage from a high of LIBOR plus 2.25% and ABR plus 1.25% when the first lien net leverage is equal to or greater than 2.00:1.00, to a low of LIBOR plus 1.50% and ABR plus 0.50% when the first lien net leverage is below 0.50:1.00. In addition, the Company is obligated to pay a commitment fee ranging between 0.40% and 0.25% (depending on the first lien net leverage) in respect of unused commitments under the New Credit Agreement. For the period between June 5, 2018 and September 29, 2018, the weighted average interest rate on borrowings under the New Credit Agreement was 4.0%. At September 29, 2018 the interest rate on borrowings under the New Credit Agreement was 3.9%. Prior to entering into the New Credit Agreement, the Company had outstanding Term Loans of $46.9 million under a prior credit agreement with lenders that primarily included the Company’s equity holders and certain other affiliates. The weighted average interest rate on the Term Loans, priced using LIBOR plus an applicable margin, was 7.4% for the period outstanding during the six months ended September 29, 2018 and was 6.6% during the six months ended September 30, 2017. Also, prior to entering into the New Credit Agreement, the Company provided letters of credit issued by a commercial bank under a separate stand-alone facility collateralized with restricted cash of 101% of the issued letters of credit. At September 29, 2018, letters of credit issued under the stand-alone facility totaled $21.0 million. Subsequent to entering into the New Credit Agreement, the Company is no longer required to back those letters of credit with restricted cash, rather they are supported by a $45.0 million sub-facility under the New Credit Agreement. Obligations under industrial revenue bonds are supported by letters of credit and bear interest based on a municipal bond index rate. The interest rate at September 29, 2018, including related costs and fees, was 3.9%. For the three and six months ended September 29, 2018, the weighted average interest rate, including related costs and fees, was 3.7% and 3.5%, respectively. For both the three and six months ended September 30, 2017, the weighted average interest rate, including related costs and fees, was 2.4%. The industrial revenue bonds require lump-sum payments of principal upon maturity in 2029. The New Credit Agreement contains covenants that restrict the amount of additional debt, liens and certain payments, including equity buybacks, investments, dispositions, mergers and consolidations, among other restrictions as defined. The Company was in compliance with all covenants of the New Credit Agreement as of September 29, 2018. Floor Plan Payable The Company’s retail operations utilize floor plan financing to fund the acquisition of manufactured homes for display or resale. At September 29, 2018 and March 31, 2018, the Company had outstanding borrowings on floor plan financing agreements of $29.9 million and $29.8 million, respectively. Total available borrowings under the agreements as of September 29, 2018 were $47.0 million. Borrowings are secured by the homes and are required to be repaid when the Company sells the home to a customer. For all periods presented the weighted average interest rate on floor plan payables was 6.0%.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Sep. 29, 2018
Revenue From Contract With Customer [Abstract]
Revenue Recognition	10. In May 2014, the FASB issued an amendment on revenue recognition. The amendment created Topic 606, Revenue from Contracts with Customers, Revenue Recognition Revenue Recognition - Construction-Type and Production-Type Contracts Other Assets and Deferred Costs - Contracts with Customers On April 1, 2018, the Company adopted ASC 606 using the modified retrospective method as applied to customer contracts that were not completed as of March 31, 2018. As a result, financial information for reporting periods beginning after March 31, 2018, are presented in accordance with ASC 606 while prior reporting periods are not adjusted and continue to be reported in accordance with the Company’s revenue recognition policies prior to the adoption of ASC 606. There was not a material impact to revenues as a result of applying ASC 606 for the three and six months ended September 29, 2018 and the post-adoption effects to the Company’s business processes, systems or internal controls were not significant. The Company’s revenue is recognized when performance obligations under the terms of a contract are satisfied which generally occurs with the transfer of control of products. The Company enters into contracts with its customers to provide manufactured homes, modular homes, park models, commercial structures and transportation services. Generally, the Company’s contracts do not provide for a specified quantity of products and may be terminated by the Company’s customers at any time. Historically, terminations of these contracts have been minimal. The Company receives signed sales quotes from its customers, which provide the terms for a specific home, including price. The Company also has agreements with certain customers that provide for certain variable considerations such as volume discounts that are deducted from the contract price and accrued at the time of sale. In certain situations, the Company may receive payment in advance of completion of its contractual obligations. In these situations, the arising contract liability is classified within customer deposits and receipts in excess of revenues. Following the receipt of the customer deposit, the Company typically completes its performance obligation within a twelve-month period. For sales to independent retailers and builders/developers, revenue is recognized at the point in time when wholesale floor plan financing or retailer credit approval has been received, the home has shipped and title has been transferred, which occurs when the Company has satisfied its contractual obligations and the control of its products has been transferred. The Company does not have an enforceable right to payment prior to shipment. The amount of revenue recognized reflects the consideration that the Company expects to be entitled to in exchange for those products. The Company’s customers pay for products received in accordance with payment terms that are customary within the industry. As is customary in the factory-built housing industry, a significant portion of the Company’s sales to independent retailers are financed under floor plan financing programs with certain third-party lenders. Floor plan financing arrangements are generally identified prior to shipment of products and payment for sales financed under floor plan programs is generally received 5 to 10 business days from the date of invoice. For retail sales to consumers from Company-owned retail sales centers, for which substantially all sales are of Company manufactured products, revenue is recognized when the home has been delivered, set up and accepted by the consumer, title has transferred and, depending on the nature of the transaction, either funds have been received from the finance company or directly from the home buyer. The Company recognizes commercial revenue and related cost of sales for long-term construction contracts (“Commercial”) over time as performance obligations are satisfied using the percentage-of-completion method (input method). Management estimates the stage of completion on each construction project based on progress and costs incurred. Unbilled revenue on long-term construction contracts are classified as a contract asset in accounts receivable and receipts in excess of billings are included in other current liabilities. At September 29, 2018 and March 31, 2018, uncollected billings related to long-term construction contracts totaled $3.4 million and $5.0 million, respectively. At September 29, 2018, there was no unbilled revenue for long-term contracts. At March 31, 2018, unbilled revenue for long-term construction contracts was $0.3 million. Revenue for the Company’s transportation operations is recognized when a shipment has been delivered to its final destination. Amounts billed to customers related to shipping and handling costs are included in net sales. Shipping and handling costs are accounted for as fulfillment costs and are included in cost of sales. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue producing transaction that are collected by the Company from a customer are excluded from net sales. The Company expenses sales commissions when incurred. Sales commissions are recorded in selling, general, and administrative expenses. The following tables disaggregate the Company’s revenue by sales category for the three and six months ended September 29, 2018: Three Months Ended September 29, 2018 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-built Housing Corporate/ Other Total (unaudited) Manufacturing and retail $ 302,017 $ 25,401 $ — $ 327,418 Commercial 4,598 — — 4,598 Transportation — — 23,420 23,420 Total $ 306,615 $ 25,401 $ 23,420 $ 355,436 Six Months Ended September 29, 2018 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-built Housing Corporate/ Other Total (unaudited) Manufacturing and retail $ 562,803 $ 52,755 $ — $ 615,558 Commercial 9,936 — — 9,936 Transportation — — 52,203 52,203 Total $ 572,739 $ 52,755 $ 52,203 $ 677,697

Other Expense

Other Expense	6 Months Ended
	Sep. 29, 2018
Other Income And Expenses [Abstract]
Other Expense	11. During the three and six months ended September 29, 2018, the Company incurred expenses of $0.5 million and $6.9 million, respectively, related to legal, accounting and advisory services attributable to the Exchange. The Company also incurred expenses during the three and six months ended September 29, 2018 of $0.8 million for legal and advisory services related to two public offerings for the Company’s common stock. During the three and six months ended September 30, 2017, the Company incurred expenses of $0.8 million related to legal, accounting and advisory services attributable to the Exchange. The Company also incurred $0.1 million of expenses related to a prior acquisition and the disposition of the Company’s former business unit in the United Kingdom during the six months ended September 30, 2017.

Income Taxes

Income Taxes	6 Months Ended
	Sep. 29, 2018
Income Tax Disclosure [Abstract]
Income Taxes	12. For the three months ended September 29, 2018 and September 30, 2017, the Company recorded $5.8 million and $4.2 million of income tax expense and had an effective tax rate of (8.2%) and 36.5%, respectively. For the six months ended September 29, 2018 and September 30, 2017, the Company recorded $9.3 million and $7.0 million of income tax expense and had an effective tax rate of (13.5%) and 35.7%, respectively. The change in the effective tax rate for the three and six months ended September 29, 2018, compared with the same periods of 2017, was primarily due to costs related to the Exchange for which no tax benefit can be recognized which included non-deductible equity-based compensation. The Company’s effective tax rate for the three and six months ended September 29, 2018 differs from the federal statutory income tax rate of 21.0%, due primarily to the effect of non-deductible expenses, state and local income taxes, one-time charges related to the Exchange and results in foreign jurisdictions and non-taxable entities. The Company’s effective tax rate for the three and six months ended September 30, 2017 differed from the federal statutory rate of 35% primarily due to the effect of non-deductible expenses, state and local income taxes and results in foreign jurisdictions and non-taxable entities. The Company has not completed its accounting for the income tax effects of the Tax Cuts and Jobs Act (the “Tax Act”) which was enacted on December 22, 2017. The Tax Act reduced the U.S. federal corporate tax rate from 35% to 21%, required companies to pay a one-time transition tax on all offshore earnings that were previously tax deferred and created new taxes on certain foreign sourced earnings. As discussed in SEC Staff Accounting Bulletin No. 118, the accounting for the Tax Act should be completed within one year from the Tax Act enactment. During the three and six months ended September 29, 2018, the Company made no material adjustments to the provisional amounts recorded at March 31, 2018. Adjustments to the provisional amounts recorded at March 31, 2018 will be reflected upon the completion of the accounting for the Tax Act. During the six months ended September 29, 2018, the Company’s uncertain tax positions decreased by $0.4 million due to the expiration of certain statutes of limitations. There was no change in the Company’s uncertain tax positions during the three months ended September 29, 2018. The Company estimates that the expected change to the total amount of uncertain tax benefits in the next twelve months will be a decrease of $0.2 million due to the expiration of certain statutes of limitations. The Company records interest and penalties related to uncertain tax positions as a component of income tax expense. Net interest expense for the periods presented herein was not significant.

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Sep. 29, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity-Based Compensation	13. Champion Holdings granted awards to its officers, management employees and certain members of the Board of Managers under an equity-classified management incentive plan (the “MIP”). In accordance with the provisions of the MIP, as modified on June 1, 2018, the unvested units of Champion Holdings granted under the MIP were exchanged for unregistered, time-vesting restricted shares and performance-vesting restricted shares of the Company subject to stock restriction agreements (the “SRAs”). The time-vesting restricted shares generally vest 20% per year over a five-year period, upon a change of control, or upon the occurrence of a follow-on public offering as defined in the SRAs. A portion of the performance-vesting restricted shares vested upon a follow-on public offering as defined in the SRAs. The remaining performance-vesting restricted shares vested based on meeting specified per share volume weighted average price targets subsequent to a follow-on public offering of the Company or upon a change of control as defined in the SRAs. During the three months ended September 29, 2018, a significant portion of the outstanding restricted shares vested in conjunction with certain follow-on public offerings. On September 26, 2018, the Company’s shareholders approved the Company’s 2018 Equity Incentive Plan (the “Equity Plan”) which provides for grants of options, stock appreciation rights, restricted and unrestricted stock and stock units, performance awards, and other awards convertible into or otherwise based on shares of the Company’s common stock. The full text of the Equity Plan was filed as an exhibit to the Company’s Current Report on Form 8-K filed on September 26, 2018. Prior to the approval of the Equity Plan, the Company maintained the Skyline Corporation 2015 Stock Incentive Plan, which allowed for the grant of stock options and other equity awards. Equity-based compensation expense of $85.8 million and $93.9 million was recognized during the three and six months ended September 29, 2018, respectively. Equity-based compensation expense of $0.2 million and $0.3 million was recognized during the three and six months ended September 30, 2017, respectively. Equity-based compensation expense was included in selling, general and administrative expenses in the accompanying condensed consolidated statements of comprehensive income (loss). As of September 29, 2018, the Company had 464,000 unvested time-vesting restricted shares issued to employees with a weighted average grant date fair value of $32.03 per share and an average remaining service period of 12 months. No other unvested shares were outstanding. Compensation expense for unvested shares is recognized over the vesting period.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Sep. 29, 2018
Earnings Per Share [Abstract]
Earnings Per Share	14. Basic net income (loss) per share (“EPS”) attributable to the Company was computed using the two-class method by dividing net income (loss) attributable to the Company, after deducting undistributed earnings allocated to participating securities, by the average number of common shares outstanding during the period. The Company’s time-vesting and performance-vesting restricted shares are considered participating securities. Diluted earnings per common share is computed based on the more dilutive of: (i) the two-class method, assuming the participating securities are not exercised or converted; or (ii) the summation of average common shares outstanding and additional common shares that would have been outstanding if the dilutive potential common shares had been issued. During the three and six months ended September 29, 2018 and September 30, 2017, diluted earnings per share was more dilutive under the two-class method. Securities that could potentially dilute basic EPS in the future that were antidilutive are described Note 13. The number of shares used to calculate earnings per share prior to the Exchange was determined based on the exchange ratio, as defined in the Exchange. The following table sets forth the computation of basic and diluted earnings per common share: Three Months Ended Six Months Ended (Dollars and shares in thousands, except per share data) September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 (unaudited) (unaudited) Numerator: Net (loss) income: $ (77,025 ) $ 7,408 $ (77,878 ) $ 12,671 Less: Undistributed earnings allocated to participating securities — 464 — 806 Net (loss) income attributable to the Company's common shareholders $ (77,025 ) $ 6,944 $ (77,878 ) $ 11,865 Denominator: Average common shares outstanding 54,105 44,525 50,747 44,457 Basic net (loss) income per share $ (1.42 ) $ 0.16 $ (1.53 ) $ 0.27 Diluted net (loss) income per share $ (1.42 ) $ 0.16 $ (1.53 ) $ 0.27

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
	Sep. 29, 2018
Related Party Transactions [Abstract]
Transactions with Related Parties	15. Prior to the Exchange, the Company was party to a Management Advisory Services Agreement (“Services Agreement”) with Centerbridge Advisors, LLC; MAK Management L.P.; and Sankaty Advisors, LLC (collectively, the “Managers”), affiliates of which collectively owned a majority of the units of Champion Holdings and the Company’s common stock (the “Principal Shareholders”), whereby the Principal Shareholders provided management, consulting, financial and other advisory services to Champion Holdings in exchange for an annual management fee totaling $1.5 million plus reimbursable expenses. Management fees during fiscal 2019, recognized prior to the Exchange, were $0.3 million. The Service Agreement was terminated in connection with the Exchange. Management fee expense was $0.4 million and $0.8 million for the three and six months ended September 30, 2017, respectively. Management fee expense is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of comprehensive income (loss).

Segment Information

Segment Information	6 Months Ended
	Sep. 29, 2018
Segment Reporting [Abstract]
Segment Information	16. The Company operates in two reportable segments: (i) U.S. Factory-built Housing, which includes wholesale and retail housing operations and (ii) Canadian Factory-built Housing. Corporate/Other includes the Company’s transportation operations, corporate costs directly incurred for all segments and intersegment eliminations. Segments are generally determined by geography. Segment data includes intersegment revenues and corporate office costs that are directly and exclusively incurred for each segment. The Company evaluates the performance of its segments and allocates resources to them primarily based on earnings before interest, taxes, depreciation and amortization (“EBITDA”). Total assets for Corporate/Other primarily include cash and certain deferred tax items not specifically allocated to another segment. Selected financial information by reportable segment was as follows: Three Months Ended Six Months Ended (Dollars in thousands) September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 (unaudited) (unaudited) Net sales: U.S. Factory-built Housing $ 306,615 $ 205,963 $ 572,739 $ 399,139 Canadian Factory-built Housing 25,401 26,653 52,755 49,056 Corporate/Other 23,420 27,347 52,203 55,870 Consolidated net sales $ 355,436 $ 259,963 $ 677,697 $ 504,065 Operating income: U.S. Factory-built Housing EBITDA $ 26,687 $ 14,817 $ 49,603 $ 25,804 Canadian Factory-built Housing EBITDA 3,035 3,781 6,555 6,639 Corporate/Other EBITDA (94,744 ) (2,904 ) (108,197 ) (5,548 ) Depreciation (2,845 ) (2,018 ) (5,275 ) (3,860 ) Amortization (1,202 ) (112 ) (1,683 ) (238 ) Consolidated operating (loss) income $ (69,069 ) $ 13,564 $ (58,997 ) $ 22,797 Depreciation: U.S. Factory-built Housing $ 2,415 $ 1,651 $ 4,460 $ 3,153 Canadian Factory-built Housing 227 235 458 444 Corporate/Other 203 132 357 263 Consolidated depreciation $ 2,845 $ 2,018 $ 5,275 $ 3,860 Amortization of intangible assets: U.S. Factory-built Housing $ 1,142 $ 49 $ 1,562 $ 117 Canadian Factory-built Housing 60 63 121 121 Corporate/Other — — — — Consolidated amortization of intangible assets $ 1,202 $ 112 $ 1,683 $ 238 Capital expenditures: U.S. Factory-built Housing $ 2,176 $ 1,464 $ 3,456 $ 5,020 Canadian Factory-built Housing 204 57 414 400 Corporate/Other 285 375 814 433 Consolidated capital expenditures $ 2,665 $ 1,896 $ 4,684 $ 5,853 (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Total Assets: U.S Factory-built Housing (1) $ 471,833 $ 190,323 Canadian Factory-built Housing (1) 56,484 54,449 Corporate/Other (1) 137,095 150,626 Consolidated total assets $ 665,412 $ 395,398 (1) Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

Commitments, Contingencies and

Commitments, Contingencies and Legal Proceedings	6 Months Ended
	Sep. 29, 2018
Commitments And Contingencies Disclosure [Abstract]
Commitments, Contingencies and Legal Proceedings	17. Repurchase Contingencies and Guarantees As is customary in the manufactured housing industry, a significant portion of the Company’s sales to independent retailers are made pursuant to repurchase agreements with lending institutions that provide wholesale floor plan financing to retailers. The Company enters into two types of repurchase agreements, (i) those that allow repurchase up to 24 months after the sale of a home to the retailer, and (ii) those that allow for repurchase until the home is sold by the retailer. For those homes sold to retailers with an unlimited repurchase period, the Company’s risk of loss upon repurchase declines due to required monthly principal payments by the retailer. After 24 or 30 months from the date of the Company’s sale of the home, the risk of loss on these homes is low, and by the 46 th. The Company guarantees a portion of its customers’ floor plan obligations beyond the customary repurchase arrangements discussed above. The Company has agreed to guarantee from 3% to 50% of certain retailers’ outstanding loans to a floor plan lender. At September 29, 2018, those guarantees totaled $0.8 million of which $0.8 million was outstanding. At September 29, 2018, the Company was contingently obligated for approximately $21.0 million under letters of credit, primarily consisting of $12.6 million to support long-term debt, $7.9 million to support the casualty insurance program, $0.2 million to support repurchase obligations, and $0.3 million to support bonding agreements. The letters of credit are backed by a sub-facility under the New Credit Agreement. The Company was also contingently obligated for $29.3 million under surety bonds, generally to support performance on long-term construction contracts, license and service bonding requirements. In the normal course of business, the Company’s former subsidiaries that operated in the United Kingdom historically provided certain guarantees to two customers. Those guarantees provide contractual liability for proven construction defects up to 12 years from the date of delivery of certain products. The guarantees remain a contingent liability of the Company which declines over time through October 2027. As of the date of this report, no claims have been reported under the terms of the guarantees. Legal Proceedings The Company has agreed to indemnify counterparties in the ordinary course of its business in agreements to acquire and sell business assets and in financing arrangements. The Company is subject to various legal proceedings and claims that arise in the ordinary course of its business. As of the date of this filing, the Company believes the ultimate liability with respect to these contingent obligations will not have, either individually or in the aggregate, a material adverse effect on the Company’s financial condition, results of operations, or cash flows.

Basis of Presentation and Bus_2

Basis of Presentation and Business (Policies)	6 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) The Company is currently evaluating the impact this standard will have on its consolidated financial position, results of operations and cash flows. The Company expects the impact to the Company's consolidated balance sheet will be significant. The Company (i) has formed a cross-functional implementation team; (ii) is engaging a third party to assist with the implementation, and (iii) is implementing a software solution to manage and account for leases under the new standard. The Company plans to adopt the standard by applying the modified retrospective method on the March 31, 2019 adoption date as a cumulative-effect adjustment to the balance sheet, without restatement of comparative periods' financial information, based on transition guidance recently issued by the FASB. In addition, the Company expects to elect the package of practical expedients, exclusive of the lease term hindsight, as defined in the standard. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment There were no other accounting standards recently issued that are expected to have a material impact on our financial position or results of operations.

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Sep. 29, 2018
Business Combinations [Abstract]
Schedule of Purchase Price Allocation on Assets and Liabilities	The preliminary estimated purchase price was allocated as follows: (Dollars in thousands) Allocation Cash $ 9,722 Trade accounts receivable 13,876 Inventory 19,028 Property, plant and equipment 44,642 Deferred tax assets, net 9,733 Other assets 6,349 Accounts payable and accrued liabilities (35,763 ) Intangibles 43,300 Goodwill 174,278 Total preliminary estimated purchase price allocation $ 285,165
Summary of Company's Results of Operations from Business Acquired	Included in the Company’s results of operations for the three and six months ended September 29, 2018, are results from the business acquired as follows: (Dollars in thousands) Three Months Ended September 29, 2018 Six Months Ended September 29, 2018 Net sales $ 68,083 $ 90,144
Summary of Results of Operation As Reported and Proforma Basis	A summary of the results of operations for the Company, on an as reported and on a pro forma basis, are as follows: Three Months Ended September 30, 2017 Six Months Ended September 29, 2018 Six Months Ended September 30, 2017 (Dollars in thousands) Reported Pro forma Reported Pro forma Reported Pro forma Net sales $ 259,963 $ 318,425 $ 677,697 $ 723,501 $ 504,065 $ 621,990 Net income (loss) 7,408 8,058 (77,878 ) (62,769 ) 12,671 14,247

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
	Sep. 29, 2018
Text Block [Abstract]
Summary of Reconciliation of cash, cash equivalents and restricted cash	A reconciliation of cash, cash equivalents and restricted cash was as follows: (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Balance sheet - cash and cash equivalents $ 102,873 $ 113,731 Balance sheet - restricted cash — 22,885 Statement of cash flows - cash, cash equivalents and restricted cash $ 102,873 $ 136,616

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Sep. 29, 2018
Inventory Disclosure [Abstract]
Summary of Components of Inventories for Company's Manufacturing and Retail Operations	The components of inventories, including inventories for the Company’s manufacturing and retail operations, were as follows: (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Raw materials $ 47,194 $ 37,852 Work in process 14,371 10,004 Finished goods and other 51,582 50,166 Total inventories $ 113,147 $ 98,022

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	6 Months Ended
	Sep. 29, 2018
Property Plant And Equipment [Abstract]
Summary of Components of Property, Plant, and Equipment	The components of property, plant, and equipment were as follows: (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Land and improvements $ 34,927 $ 22,071 Buildings and improvements 85,665 58,179 Machinery and equipment 38,912 31,924 Construction in progress 2,735 919 Property, plant and equipment, at cost 162,239 113,093 Less accumulated depreciation 50,289 45,133 Property, plant, and equipment, net $ 111,950 $ 67,960

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Sep. 29, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Components of Amortizable Intangible Assets	The components of amortizable intangible assets were as follows: (Dollars in thousands) September 29, 2018 March 31, 2018 Customer Relationships Trade Names Total Customer Relationships Trade Names Total (unaudited) Gross carrying amount $ 40,118 $ 13,158 $ 53,276 $ 5,739 $ 4,268 $ 10,007 Accumulated amortization (6,749 ) (3,369 ) (10,118 ) (5,610 ) (2,855 ) (8,465 ) Amortizable intangibles, net $ 33,369 $ 9,789 $ 43,158 $ 129 $ 1,413 $ 1,542 Weighted average amortization period, in years 9.7 9.1 9.5 4.3 5.5 5.4

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	6 Months Ended
	Sep. 29, 2018
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	The components of other current liabilities were as follows: (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Customer deposits and receipts in excess of revenues $ 27,332 $ 24,557 Accrued volume rebates 19,773 17,037 Accrued warranty obligations 17,171 12,530 Accrued compensation and payroll taxes 26,889 24,100 Accrued insurance 15,915 11,112 Other 12,656 10,776 Total other current liabilities $ 119,736 $ 100,112

Accrued Warranty Obligations (T

Accrued Warranty Obligations (Tables)	6 Months Ended
	Sep. 29, 2018
Guarantees And Product Warranties [Abstract]
Summary of Changes in Accrued Warranty Obligations	Changes in the accrued warranty obligations were as follows: Three Months Ended Six Months Ended (Dollars in thousands) September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 (unaudited) (unaudited) Balance at the beginning of the period $ 21,898 $ 15,309 $ 15,430 $ 14,534 Warranty assumed in the Exchange — — 6,259 — Warranty expense 9,448 5,343 16,667 11,616 Cash warranty payments (8,475 ) (5,584 ) (15,485 ) (11,082 ) Balance at end of period 22,871 15,068 22,871 15,068 Less noncurrent portion in other long-term liabilities 5,700 2,600 5,700 2,600 Total current portion $ 17,171 $ 12,468 $ 17,171 $ 12,468

Debt and Floor Plan Payable (Ta

Debt and Floor Plan Payable (Tables)	6 Months Ended
	Sep. 29, 2018
Debt Disclosure [Abstract]
Summary of Long Term Debt	Long-term debt consisted of the following: (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Revolving credit facility $ 46,900 $ — Obligations under industrial revenue bonds due 2029 12,430 12,430 Capital lease obligations and other debt — 4 Term loans due March 2020 — 46,897 Total debt 59,330 59,331 Less current portion — 404 Total long-term debt $ 59,330 $ 58,927

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Sep. 29, 2018
Revenue From Contract With Customer [Abstract]
Summary of Corporate Net Sales	The following tables disaggregate the Company’s revenue by sales category for the three and six months ended September 29, 2018: Three Months Ended September 29, 2018 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-built Housing Corporate/ Other Total (unaudited) Manufacturing and retail $ 302,017 $ 25,401 $ — $ 327,418 Commercial 4,598 — — 4,598 Transportation — — 23,420 23,420 Total $ 306,615 $ 25,401 $ 23,420 $ 355,436 Six Months Ended September 29, 2018 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-built Housing Corporate/ Other Total (unaudited) Manufacturing and retail $ 562,803 $ 52,755 $ — $ 615,558 Commercial 9,936 — — 9,936 Transportation — — 52,203 52,203 Total $ 572,739 $ 52,755 $ 52,203 $ 677,697

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Sep. 29, 2018
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings per Common Share	The following table sets forth the computation of basic and diluted earnings per common share: Three Months Ended Six Months Ended (Dollars and shares in thousands, except per share data) September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 (unaudited) (unaudited) Numerator: Net (loss) income: $ (77,025 ) $ 7,408 $ (77,878 ) $ 12,671 Less: Undistributed earnings allocated to participating securities — 464 — 806 Net (loss) income attributable to the Company's common shareholders $ (77,025 ) $ 6,944 $ (77,878 ) $ 11,865 Denominator: Average common shares outstanding 54,105 44,525 50,747 44,457 Basic net (loss) income per share $ (1.42 ) $ 0.16 $ (1.53 ) $ 0.27 Diluted net (loss) income per share $ (1.42 ) $ 0.16 $ (1.53 ) $ 0.27

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Sep. 29, 2018
Segment Reporting [Abstract]
Schedule of Financial Information by Reportable Segments	Selected financial information by reportable segment was as follows: Three Months Ended Six Months Ended (Dollars in thousands) September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 (unaudited) (unaudited) Net sales: U.S. Factory-built Housing $ 306,615 $ 205,963 $ 572,739 $ 399,139 Canadian Factory-built Housing 25,401 26,653 52,755 49,056 Corporate/Other 23,420 27,347 52,203 55,870 Consolidated net sales $ 355,436 $ 259,963 $ 677,697 $ 504,065 Operating income: U.S. Factory-built Housing EBITDA $ 26,687 $ 14,817 $ 49,603 $ 25,804 Canadian Factory-built Housing EBITDA 3,035 3,781 6,555 6,639 Corporate/Other EBITDA (94,744 ) (2,904 ) (108,197 ) (5,548 ) Depreciation (2,845 ) (2,018 ) (5,275 ) (3,860 ) Amortization (1,202 ) (112 ) (1,683 ) (238 ) Consolidated operating (loss) income $ (69,069 ) $ 13,564 $ (58,997 ) $ 22,797 Depreciation: U.S. Factory-built Housing $ 2,415 $ 1,651 $ 4,460 $ 3,153 Canadian Factory-built Housing 227 235 458 444 Corporate/Other 203 132 357 263 Consolidated depreciation $ 2,845 $ 2,018 $ 5,275 $ 3,860 Amortization of intangible assets: U.S. Factory-built Housing $ 1,142 $ 49 $ 1,562 $ 117 Canadian Factory-built Housing 60 63 121 121 Corporate/Other — — — — Consolidated amortization of intangible assets $ 1,202 $ 112 $ 1,683 $ 238 Capital expenditures: U.S. Factory-built Housing $ 2,176 $ 1,464 $ 3,456 $ 5,020 Canadian Factory-built Housing 204 57 414 400 Corporate/Other 285 375 814 433 Consolidated capital expenditures $ 2,665 $ 1,896 $ 4,684 $ 5,853 (Dollars in thousands) September 29, 2018 March 31, 2018 (unaudited) Total Assets: U.S Factory-built Housing (1) $ 471,833 $ 190,323 Canadian Factory-built Housing (1) 56,484 54,449 Corporate/Other (1) 137,095 150,626 Consolidated total assets $ 665,412 $ 395,398 (1) Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.

Basis of Presentation and Bus_3

Basis of Presentation and Business - Additional information (Detail)	6 Months Ended
	Sep. 29, 2018FacilityCenter
U.S [Member]
Organization And Business Operations [Line Items]
Number of manufacturing facilities	31
Number of sales centers | Center	21
Canada [Member]
Organization And Business Operations [Line Items]
Number of manufacturing facilities	5

Business Combination - Addition

Business Combination - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Jun. 01, 2018
Business Acquisition [Line Items]
Common stock closing price					$ 33.39
Estimated weighted average useful lives			10 years
Preliminary estimated purchase price allocation to deferred tax assets	$ 28,400,000		$ 28,400,000
Deferred tax liabilities	18,700,000		18,700,000
Pro forma basis operations	0
Capital distribution to members			65,300,000
Retained Earnings (Accumulated Deficit) [Member]
Business Acquisition [Line Items]
Capital distribution to members			22,500,000
Members' Contributed Capital [Member]
Business Acquisition [Line Items]
Capital distribution to members			42,800,000
Skyline Corporation [Member]
Business Acquisition [Line Items]
Preliminary estimated purchase price allocation to deferred tax assets	9,733,000		9,733,000
Pro forma basis operations		$ 8,058,000	(62,769,000)	$ 14,247,000
Skyline Corporation [Member] | Level 3 Fair Value Estimates [Member]
Business Acquisition [Line Items]
Property, plant and equipment, fair value	44,600,000		44,600,000
Intangible assets, fair value	$ 43,300,000		$ 43,300,000

Business Combination - Schedule

Business Combination - Schedule of Purchase Price Allocation on Assets and Liabilities (Detail) - USD ($) $ in Thousands	Sep. 29, 2018	Mar. 31, 2018
Business Acquisition [Line Items]
Deferred tax assets, net	$ 28,400
Goodwill	177,485	$ 3,179
Skyline [Member]
Business Acquisition [Line Items]
Cash	9,722
Trade accounts receivable	13,876
Inventory	19,028
Property, plant and equipment	44,642
Deferred tax assets, net	9,733
Other assets	6,349
Accounts payable and accrued liabilities	(35,763)
Intangibles	43,300
Goodwill	174,278
Total preliminary estimated purchase price allocation	$ 285,165

Business Combination - Summary

Business Combination - Summary of Company's Results of Operations from Business Acquired (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 29, 2018	Sep. 29, 2018
Skyline [Member]
Business Acquisition [Line Items]
Net sales	$ 68,083	$ 90,144

Business Combination - Summar_2

Business Combination - Summary of Results of Operation as Reported and Proforma Basis (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Business Acquisition [Line Items]
Net sale, Reported	$ 355,436,000	$ 259,963,000	$ 677,697,000	$ 504,065,000
Net income (loss), Proforma	$ 0
Skyline [Member]
Business Acquisition [Line Items]
Net sale, Reported		259,963,000	677,697,000	504,065,000
Net income (loss), Reported		7,408,000	(77,878,000)	12,671,000
Net sale, Proforma		318,425,000	723,501,000	621,990,000
Net income (loss), Proforma		$ 8,058,000	$ (62,769,000)	$ 14,247,000

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash - Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Detail) - USD ($) $ in Thousands	Sep. 29, 2018	Mar. 31, 2018	Sep. 30, 2017	Apr. 01, 2017
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Balance sheet - cash and cash equivalents	$ 102,873	$ 113,731
Balance sheet - restricted cash		22,885
Statement of cash flows - cash, cash equivalents and restricted cash	$ 102,873	$ 136,616	$ 108,303	$ 102,692

Inventories - Summary of Compon

Inventories - Summary of Components of Inventories for Company's Manufacturing and Retail Operations (Detail) - USD ($) $ in Thousands	Sep. 29, 2018	Mar. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 47,194	$ 37,852
Work in process	14,371	10,004
Finished goods and other	51,582	50,166
Total inventories	$ 113,147	$ 98,022

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
Inventory Disclosure [Abstract]
Reserves for obsolete inventory	$ 3.6	$ 3.5

Property Plant, and Equipment -

Property Plant, and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Property, Plant and Equipment [Line Items]
Depreciation expense, including amortization of assets under capital lease	$ 2.8	$ 2	$ 5.3	$ 3.9
Minimum [Member] | Land and Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment			3 years
Minimum [Member] | Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment			8 years
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment			3 years
Maximum [Member] | Land and Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment			10 years
Maximum [Member] | Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment			25 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment			8 years

Property Plant, and Equipment_2

Property Plant, and Equipment - Summary of Components of Property, Plant, and Equipment (Detail) - USD ($) $ in Thousands	Sep. 29, 2018	Mar. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 162,239	$ 113,093
Less accumulated depreciation	50,289	45,133
Property, plant, and equipment, net	111,950	67,960
Land and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	34,927	22,071
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	85,665	58,179
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	38,912	31,924
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 2,735	$ 919

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	$ 177,485		$ 177,485		$ 3,179
Finite-lived intangibles, customer relationships	34,400		34,400
Finite-lived intangibles, trade names	8,900		8,900
Amortization expense	$ 1,200	$ 100	$ 1,683	$ 238

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Components of Amortizable Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Sep. 29, 2018
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		$ 10,007	$ 53,276
Accumulated amortization		(8,465)	(10,118)
Amortizable intangibles, net		$ 1,542	43,158
Weighted average amortization period, in years	9 years 6 months	5 years 4 months 24 days
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		$ 5,739	40,118
Accumulated amortization		(5,610)	(6,749)
Amortizable intangibles, net		$ 129	33,369
Weighted average amortization period, in years	9 years 8 months 12 days	4 years 3 months 18 days
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		$ 4,268	13,158
Accumulated amortization		(2,855)	(3,369)
Amortizable intangibles, net		$ 1,413	$ 9,789
Weighted average amortization period, in years	9 years 1 month 6 days	5 years 6 months

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Detail) - USD ($) $ in Thousands	Sep. 29, 2018	Mar. 31, 2018	Sep. 30, 2017
Other Liabilities Disclosure [Abstract]
Customer deposits and receipts in excess of revenues	$ 27,332	$ 24,557
Accrued volume rebates	19,773	17,037
Accrued warranty obligations	17,171	12,530	$ 12,468
Accrued compensation and payroll taxes	26,889	24,100
Accrued insurance	15,915	11,112
Other	12,656	10,776
Total other current liabilities	$ 119,736	$ 100,112

Accrued Warranty Obligations -

Accrued Warranty Obligations - Summary of Changes in Accrued Product Warranty Obligations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Mar. 31, 2018
Guarantees And Product Warranties [Abstract]
Balance at the beginning of the period	$ 21,898	$ 15,309	$ 15,430	$ 14,534
Warranty assumed in the Exchange			6,259
Warranty expense	9,448	5,343	16,667	11,616
Cash warranty payments	(8,475)	(5,584)	(15,485)	(11,082)
Balance at end of period	22,871	15,068	22,871	15,068
Less noncurrent portion in other long-term liabilities	5,700	2,600	5,700	2,600
Total current portion	$ 17,171	$ 12,468	$ 17,171	$ 12,468	$ 12,530

Debt and Floor Plan Payable - S

Debt and Floor Plan Payable - Summary of Long Term Debt (Detail) - USD ($) $ in Thousands	Sep. 29, 2018	Mar. 31, 2018
Debt Instrument [Line Items]
Long term debt	$ 59,330	$ 59,331
Less current portion		404
Total long-term debt	59,330	58,927
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long term debt	46,900
Obligations Under Industrial Revenue Bonds Due 2029 [Member]
Debt Instrument [Line Items]
Long term debt	$ 12,430	12,430
Capital Lease Obligations and Other Debt [Member]
Debt Instrument [Line Items]
Long term debt		4
Term Loans Due March 2020 [Member]
Debt Instrument [Line Items]
Long term debt		$ 46,897

Debt and Floor Plan Payable - A

Debt and Floor Plan Payable - Additional Information (Detail)	Sep. 29, 2018USD ($)	Sep. 29, 2018USD ($)	Sep. 29, 2018USD ($)	Sep. 30, 2017	Dec. 31, 2018	Mar. 31, 2018USD ($)
Term Notes [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Margin rate			7.40%	6.60%
Stand Alone Facility [Member]
Debt Instrument [Line Items]
Percentage of restricted cash of issued letters of credit	101.00%	101.00%	101.00%
Obligations Under Industrial Revenue Bonds Due 2029 [Member]
Debt Instrument [Line Items]
Weighted average interest rate	3.90%	3.90%	3.90%
Industrial revenue bonds maturity			2,029
Floor Plan Financing Arrangements [Member]
Debt Instrument [Line Items]
Weighted average interest rate	6.00%	6.00%	6.00%			6.00%
Outstanding borrowings	$ 29,900,000	$ 29,900,000	$ 29,900,000			$ 29,800,000
Available borrowings	47,000,000	47,000,000	$ 47,000,000
Line of Credit Facility, description			Borrowings are secured by the homes and are required to be repaid when the Company sells the home to a customer.
New Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility	$ 100,000,000	$ 100,000,000	$ 100,000,000
Weighted average interest rate	4.00%	4.00%	4.00%
Interest rate on borrowings	3.90%
New Credit Agreement [Member] | Revolving Credit Facility [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
First lien leverage ratio					2
Revolving credit facility maturity date					Jun. 5, 2023
New Credit Agreement [Member] | Revolving Credit Facility [Member] | LIBOR [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Basis spread on variable rate					1.75%
New Credit Agreement [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Basis spread on variable rate					0.75%
New Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage Equal to Or Greater Than 2.00:1.00 [Member] | LIBOR [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Basis spread on variable rate					2.25%
New Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage Equal to Or Greater Than 2.00:1.00 [Member] | Base Rate [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Basis spread on variable rate					1.25%
New Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage Below 0.50:1.00 [Member] | LIBOR [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Basis spread on variable rate					1.50%
New Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage Below 0.50:1.00 [Member] | Base Rate [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Basis spread on variable rate					0.50%
New Credit Agreement [Member] | Revolving Credit Facility [Member] | Champion Enterprises Holdings, LLC [Member]
Debt Instrument [Line Items]
Repayments of Long-term Debt			$ 46,900,000
Minimum [Member] | New Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Commitment fee percentage					0.40%
Maximum [Member] | New Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Commitment fee percentage					0.25%
Weighted Average [Member] | Obligations Under Industrial Revenue Bonds Due 2029 [Member]
Debt Instrument [Line Items]
Weighted average interest rate				2.40%
Weighted average interest rate		3.70%	3.50%
Letter of Credit [Member] | Stand Alone Facility [Member]
Debt Instrument [Line Items]
Letters of credit issued	$ 21,000,000	$ 21,000,000	$ 21,000,000
Letter of Credit [Member] | New Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility	45,000,000	45,000,000	45,000,000
Letter of Credit [Member] | Minimum [Member] | New Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility	$ 45,000,000	$ 45,000,000	$ 45,000,000

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($)	6 Months Ended
	Sep. 29, 2018	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Uncollected billings related to long-term construction contracts	$ 3,400,000	$ 5,000,000
Unbilled revenue for long-term contracts	$ 0	$ 300,000
Minimum [Member]
Disaggregation of Revenue [Line Items]
Number of business days for the receipt of floor plan payment	5 days
Maximum [Member]
Disaggregation of Revenue [Line Items]
Number of business days for the receipt of floor plan payment	10 days

Revenue Recognition - Summary o

Revenue Recognition - Summary of Corporate Net Sales (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	$ 355,436	$ 259,963	$ 677,697	$ 504,065
U.S Factory-built Housing [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	306,615		572,739
Canadian Factory-built Housing [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	25,401		52,755
Corporate Other [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	23,420		52,203
Manufacturing and Retail [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	327,418		615,558
Manufacturing and Retail [Member] | U.S Factory-built Housing [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	302,017		562,803
Manufacturing and Retail [Member] | Canadian Factory-built Housing [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	25,401		52,755
Commercial [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	4,598		9,936
Commercial [Member] | U.S Factory-built Housing [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	4,598		9,936
Transportation [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	23,420		52,203
Transportation [Member] | Corporate Other [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	$ 23,420		$ 52,203

Other Expense - Additional Info

Other Expense - Additional Information (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 29, 2018USD ($)Offering	Sep. 30, 2017USD ($)
Other Income And Expenses [Line Items]
Legal, accounting and advisory services	$ 0.5	$ 0.8	$ 6.9	$ 0.8
Number of public offerings | Offering			2
Expenses related to prior acquisition and disposition of former business unit				$ 0.1
Public Offerings [Member]
Other Income And Expenses [Line Items]
Legal, accounting and advisory services	$ 0.8		$ 0.8

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Sep. 28, 2019
Income Tax Contingency [Line Items]
Income tax expense	$ 5,822,000	$ 4,249,000	$ 9,262,000	$ 7,038,000
Effective tax rate	(8.20%)	36.50%	(13.50%)	35.70%
Statutory federal income tax rate	21.00%	35.00%	21.00%	35.00%
Change in uncertain tax positions	$ 0		$ (400,000)
Scenario Forecast [Member]
Income Tax Contingency [Line Items]
Change in uncertain tax positions					$ (200,000)

Equity Based Compensation - Add

Equity Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation expense recognized	$ 85.8	$ 0.2	$ 93.9	$ 0.3
Time Vesting Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares, vesting percentage per annum			20.00%
Restricted shares, vesting period			5 years
Unvested restricted shares issued	464,000		464,000
Unvested restricted shares, weighted average grant date fair value	$ 32.03		$ 32.03
Unvested restricted shares, average remaining service period			12 months

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Numerator:
Net (loss) income	$ (77,025)	$ 7,408	$ (77,878)	$ 12,671
Less: Undistributed earnings allocated to participating securities		464		806
Net (loss) income attributable to the Company's common shareholders	$ (77,025)	$ 6,944	$ (77,878)	$ 11,865
Denominator:
Average common shares outstanding	54,105	44,525	50,747	44,457
Basic net (loss) income per share	$ (1.42)	$ 0.16	$ (1.53)	$ 0.27
Diluted net (loss) income per share	$ (1.42)	$ 0.16	$ (1.53)	$ 0.27

Transactions with Related Par_2

Transactions with Related Parties - Additional Information (Detail) - Management Advisory [Member] - Services Agreement [Member] - USD ($) $ in Millions	May 31, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Related Party Transaction [Line Items]
Annual management fee	$ 0.3		$ 1.5
General and Administrative Expense [Member]
Related Party Transaction [Line Items]
Annual management fee		$ 0.4		$ 0.8

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Sep. 29, 2018Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Information - Schedule

Segment Information - Schedule of Financial Information by Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Mar. 31, 2018
Segment Reporting Information [Line Items]
Net sales	$ 355,436	$ 259,963	$ 677,697	$ 504,065
Operating (loss) income	(69,069)	13,564	(58,997)	22,797
Depreciation	2,845	2,018	5,275	3,860
Amortization	(1,202)	(112)	(1,683)	(238)
Assets	665,412		665,412		$ 395,398
Operating Segments [Member] | U.S Factory-built Housing [Member]
Segment Reporting Information [Line Items]
Net sales	306,615	205,963	572,739	399,139
Operating (loss) income	26,687	14,817	49,603	25,804
Depreciation	2,415	1,651	4,460	3,153
Amortization	1,142	49	1,562	117
Capital expenditures	2,176	1,464	3,456	5,020
Assets	471,833		471,833		190,323
Operating Segments [Member] | Canadian Factory-built Housing [Member]
Segment Reporting Information [Line Items]
Net sales	25,401	26,653	52,755	49,056
Operating (loss) income	3,035	3,781	6,555	6,639
Depreciation	227	235	458	444
Amortization	60	63	121	121
Capital expenditures	204	57	414	400
Assets	56,484		56,484		54,449
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Net sales	23,420	27,347	52,203	55,870
Operating (loss) income	(94,744)	(2,904)	(108,197)	(5,548)
Depreciation	203	132	357	263
Capital expenditures	285	375	814	433
Assets	137,095		137,095		150,626
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Net sales	355,436	259,963	677,697	504,065
Depreciation	2,845	2,018	5,275	3,860
Amortization	1,202	112	1,683	238
Capital expenditures	2,665	$ 1,896	4,684	$ 5,853
Assets	$ 665,412		$ 665,412		$ 395,398

Commitments, Contingencies an_2

Commitments, Contingencies and Legal Proceedings - Additional Information (Detail) - USD ($)	6 Months Ended
	Sep. 29, 2018	Mar. 31, 2018
Commitment And Contingencies [Line Items]
Losses under repurchase obligations	$ 190,500,000
Reserve for estimated losses under repurchase agreements	800,000	$ 700,000
Guarantee outstanding	800,000
Guarantee total amount	$ 800,000
Guarantee obligations term	12 years
Letters of Credit [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	$ 21,000,000
Long-term Debt [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	12,600,000
Casualty Insurance Program [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	7,900,000
Repurchase Obligations [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	200,000
Bonding Agreements [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	300,000
Surety Bond [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	$ 29,300,000
Minimum [Member]
Commitment And Contingencies [Line Items]
Period to potentially repurchase units	24 months
Guarantee obligations percentage	3.00%
Maximum [Member]
Commitment And Contingencies [Line Items]
Period to potentially repurchase units	30 months
Guarantee obligations percentage	50.00%