Skyline Champion (SKY) 10-Q 1 Aug 19 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 29, 2019	Jul. 29, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 29, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	SKY
Entity Registrant Name	SKYLINE CHAMPION CORP
Entity Central Index Key	0000090896
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--03-28
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		56,720,715
Entity File Number	001-04714
Entity Tax Identification Number	351038277
Entity Address, Address Line One	P.O. Box 743
Entity Address, Address Line Two	2520 By-Pass Road
Entity Address, City or Town	Elkhart
Entity Address, State or Province	Indiana
Entity Address, Postal Zip Code	46515
City Area Code	(574)
Local Phone Number	294-6521

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 29, 2019	Mar. 30, 2019
Current assets:
Cash and cash equivalents	$ 143,647	$ 126,634
Trade accounts receivable, net	57,692	57,649
Inventories	113,190	122,638
Other current assets	14,078	11,369
Total current assets	328,607	318,290
Long-term assets:
Property, plant and equipment, net	110,236	108,587
Goodwill	173,521	173,406
Amortizable intangible assets, net	47,421	48,936
Deferred tax assets	32,948	34,058
Other noncurrent assets	29,758	16,677
Total assets	722,491	699,954
Current liabilities:
Floor plan payable	32,668	33,321
Accounts payable	45,037	43,421
Other current liabilities	126,771	129,561
Total current liabilities	204,476	206,303
Long-term liabilities:
Long-term debt	49,330	54,330
Deferred tax liabilities	3,581	3,422
Other	32,936	23,927
Total long-term liabilities	85,847	81,679
Stockholders’ Equity:
Common stock, $0.0277 par value, 115,000 shares authorized, 56,657 shares issued as of both June 29, 2019 and March 30, 2019 (including 290 shares subject to restriction)	1,569	1,569
Additional paid-in capital	481,143	479,226
Accumulated deficit	(40,828)	(58,208)
Accumulated other comprehensive loss	(9,716)	(10,615)
Total stockholders’ equity	432,168	411,972
Total liabilities and stockholders’ equity	$ 722,491	$ 699,954

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 29, 2019	Mar. 30, 2019
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	56,657,000	56,657,000
Shares subject to restriction	290,000	290,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net sales	$ 371,888	$ 322,261
Cost of sales	295,853	267,101
Gross profit	76,035	55,160
Selling, general, and administrative expenses	51,715	45,088
Operating income	24,320	10,072
Interest expense, net	309	1,072
Other expense		6,413
Income before income taxes	24,011	2,587
Income tax expense	6,631	3,440
Net income (loss)	$ 17,380	$ (853)
Net income (loss) per share:
Basic	$ 0.31	$ (0.02)
Diluted	$ 0.31	$ (0.02)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 17,380	$ (853)
Other comprehensive income (loss):
Foreign currency translation adjustments	899	(695)
Total comprehensive income (loss)	$ 18,279	$ (1,548)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Cash flows from operating activities
Net income (loss)	$ 17,380	$ (853)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	3,110	2,430
Amortization of intangible assets	1,362	481
Amortization of deferred financing fees	131	159
Fair market value adjustment for asset classified as held for sale	986
Equity-based compensation	1,917	8,088
Deferred taxes	1,545	1,251
Gain on disposal of property, plant and equipment	(12)	(1)
Foreign currency transaction (gain) loss	(72)	67
Change in assets and liabilities net of business acquired:
Accounts receivable	55	(178)
Inventories	9,786	2,648
Accounts payable	1,568	(3,306)
Prepaids and other assets	(3,706)	(1,615)
Accrued expenses and other liabilities	(7,270)	(4,906)
Net cash provided by operating activities	26,780	4,265
Cash flows from investing activities
Additions to property, plant, and equipment	(4,526)	(2,020)
Cash acquired in business acquisition		9,722
Proceeds from disposal of property, plant and equipment	12	1
Decrease in note receivable		35
Net cash (used in) provided by investing activities	(4,514)	7,738
Cash flows from financing activities
Changes in floor plan financing, net	(653)	(325)
Borrowings on revolving debt facility		46,900
Payments on revolving debt facility	(5,000)
Payments on term-loans and other debt		(46,900)
Payments for deferred financing fees		(1,900)
Members' capital distribution		(65,277)
Net cash used in financing activities	(5,653)	(67,502)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	400	(226)
Net increase (decrease) in cash, cash equivalents and restricted cash	17,013	(55,725)
Cash, cash equivalents and restricted cash at beginning of period	126,634	136,616
Cash, cash equivalents and restricted cash at end of period	$ 143,647	$ 80,891

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholder's' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Members' Contributed Capital [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)
Net income (loss)	(853)				(853)
Members’ capital distributions	(65,277)		(42,763)		(22,514)
Exchange of membership interest for shares of Skyline Champion Corporation	285,165	$ 1,555	$ (97,313)	$ 380,923
Exchange of membership interest for shares of Skyline Champion Corporation , shares		56,143
Equity-based compensation	7,932	$ 1		7,931
Equity-based compensation, shares		45
Foreign currency translation adjustments	(695)					(695)
Ending balance at Jun. 30, 2018	379,569	$ 1,556		388,854	(853)	(9,988)
Ending balance, shares at Jun. 30, 2018		56,188
Beginning balance at Mar. 30, 2019	411,972	$ 1,569		479,226	(58,208)	(10,615)
Beginning balance, shares at Mar. 30, 2019		56,657
Net income (loss)	17,380				17,380
Equity-based compensation	1,917			1,917
Foreign currency translation adjustments	899					899
Ending balance at Jun. 29, 2019	$ 432,168	$ 1,569		$ 481,143	$ (40,828)	$ (9,716)
Ending balance, shares at Jun. 29, 2019		56,657

Basis of Presentation and Busin

Basis of Presentation and Business	3 Months Ended
	Jun. 29, 2019
Accounting Policies [Abstract]
Basis of Presentation and Business	1. On June 1, 2018, Skyline Champion Corporation (formerly known as Skyline Corporation), an Indiana corporation (the “Company”) and Champion Enterprises Holdings, LLC (“Champion Holdings”) completed the transactions contemplated by the Share Contribution & Exchange Agreement (the “Exchange Agreement”), dated as of January 5, 2018, by and between the Company and Champion Holdings. Under the Exchange Agreement, (i) Champion Holdings contributed to the Company all of the issued and outstanding equity interests of each of Champion Holdings’ wholly-owned operating subsidiaries (the “Contributed Shares”), and (ii) in exchange for the Contributed Shares, the Company issued to the members of Champion Holdings, in the aggregate, 47,752,008 shares of the Company common stock (“Skyline Common Stock”) (such issuance, the “Shares Issuance”). Immediately following the Shares Issuance, the members of Champion Holdings collectively held 84.5%, and the Company’s pre-closing shareholders collectively held 15.5%, of the issued and outstanding Skyline Common Stock on a fully-diluted basis. The contribution of the Contributed Shares by Champion Holdings to Skyline, and the Shares Issuance by the Company to the members of Champion Holdings are collectively referred to herein as the “Exchange.” The Exchange was treated as a purchase of the Company by Champion Holdings for accounting and financial reporting purposes. As a result, the financial results for the three months ending June 30, 2018 are comprised of 1) the results of Champion Holdings for the period between April 1, 2018 and May 31, 2018 and 2) the Company, after giving effect to the Exchange, from June 1, 2018 through June 30, 2018. The accompanying unaudited condensed consolidated financial statements of the Company, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “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 condensed 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 normal recurring adjustments necessary to fairly state the Company’s consolidated results of operations, cash flows and financial position. The Company has evaluated subsequent events after the balance sheet date through the date of the filing of this report with the SEC. 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 in the Company’s Annual Report on Form 10-K, which was filed with the SEC on May 23, 2019. 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 condensed 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, “fiscal 2020”, will end on March 28, 2020. References to “fiscal 2019” refer to the Company’s fiscal year ended March 30, 2019. The three months ended June 29, 2019 and June 30, 2018 each included 13 weeks. The Company’s operations consist of manufacturing, retail and transportation activities. The Company operates 33 manufacturing facilities throughout the United States (“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. The Company’s retail operations consist of 21 sales centers that sell manufactured houses to consumers primarily in the Southern U.S. The Company’s transportation business engages independent owners/drivers to transport recreational vehicles throughout the U.S. and Canada and manufactured houses in certain regions of the U.S. Recently Adopted Accounting Pronouncements: In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, (“ASC 842”), to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. A lessee should recognize in the consolidated balance sheet a liability to make lease payments (the lease liability) and an asset representing its right to use the underlying asset for the lease term. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous requirements. This ASC 842 is effective for fiscal years beginning after December 31, 2018 and modified retrospective application is permitted. The Company adopted ASC 842 as of March 31, 2019, the first day of fiscal 2020 using the modified retrospective approach and without restating comparative periods. The Company has elected to apply the transition package of three practical expedients which allow companies not to reassess whether agreements contain leases, the classification of leases, and the capitalization of initial direct costs. The Company did not elect the practical expedient which permits the use of hindsight when determining the lease term and assessing right-of-use assets for impairment. As permitted by the standard, the Company elected to: 1) recognize lease expense for leases with a term of 12 months or less on a straight-line basis over the lease term and will not recognize any right of use assets or lease liabilities for those leases, and 2) not separate lease and non-lease components. The primary financial statement impact upon adoption was the recognition, on a discounted basis, of the Company's minimum commitments under non-cancelable operating leases as right of use assets and obligations on the consolidated balance sheets. The adoption of ASC 842 resulted in the recognition of lease-related assets and liabilities of $13.7 Recently Issued Accounting Pronouncements Pending Adoption: In January 2017, the FASB issued ASU No. 2017-04, . The standard simplifies the accounting for goodwill impairments and allows a goodwill impairment charge to be based on the amount of a reporting unit’s carrying value in excess of its fair value. This eliminates the requirement to calculate the implied fair value of goodwill or what is known as “Step 2” under the current guidance. This guidance is effective for annual and interim periods of public entities beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the potential impact this ASU will have on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses There were no other accounting standards recently issued that are expected to have a material impact on the Company’s financial position or results of operations.

Business Combination

Business Combination	3 Months Ended
	Jun. 29, 2019
Business Combinations [Abstract]
Business Combination	2. 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. Champion Holdings was deemed to be the acquirer for accounting and financial reporting purposes. The assets acquired and liabilities assumed as a result of the Exchange were recorded at their respective fair values and added to the carrying value of Champion Holdings’ existing assets and liabilities. The Company incurred acquisition-related costs of approximately $6.4 million for the three months ended June 30, 2018 which was classified as other expense in the condensed consolidated statements of operations. Additionally, the Company incurred approximately $6.0 million in stock compensation expense related to former Skyline employees during the three months ended June 30, 2018, which is recorded in selling, general and administrative expenses in the condensed consolidated statements of operations. These types of costs were not incurred in the three months ended June 29, 2019. 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 the allocation have been used to prepare the accompanying condensed consolidated financial statements. The purchase price was allocated as follows: (Dollars in thousands) Allocation at March 30, 2019 Changes to Allocation Final Allocation at June 29, 2019 Cash $ 9,722 $ — $ 9,722 Trade accounts receivable 13,876 — 13,876 Inventory 19,028 — 19,028 Assets held for sale 2,086 — 2,086 Property, plant and equipment 40,220 — 40,220 Deferred tax assets, net 6,996 38 7,034 Other assets 6,706 — 6,706 Accounts payable and accrued liabilities (36,027 ) — (36,027 ) Intangibles 52,218 (153 ) 52,065 Goodwill 170,227 115 170,342 Total purchase price allocation $ 285,052 $ — $ 285,052 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 reporting unit. 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 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. appraisals were based on a combination of market and cost approaches, as appropriate. Level 3 fair value estimates of $ 40.2 million related to property, plant and equipment and $ million related to intangible assets were recorded in the accompanying condensed consolidated balance sheet as of June 29, 2019. The Company determined $ 2.1 million of property acquired in the Exchange met the definition of held for sale at the acquisition date and was classified in other current assets . The fair value less cost to sell of this held for sale property is evaluated each reporting period to determine if it has changed. A loss of $ 1.0 million was recorded during the three months ended June 29, 2019 related to this held for sale property based on updated market information . Assets held for sale were $ 1.1 million and $ 2.1 million as of June 29, 2019 and March 30, 2019, respectively. For further information on acquired assets measured at fair value, see Note 5 , Goodwill and Intangible Assets . The Company allocated a portion of the purchase price to certain realizable deferred tax assets totaling $27.3 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 $20.3 million resulting from the purchase price allocation step-up in fair value that exceed the historical tax basis. The statement of operations for the three months ended June 30, 2018 includes $22.1 million of net sales attributable to the acquired Skyline operations. 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 June 30, 2018 (Dollars in thousands) Reported Pro forma Net sales $ 322,261 $ 368,065 Net (loss) income (853 ) 14,256 The pro forma results are based on adding the historical results of operations of Champion Holdings and Skyline and adjusting those historical amounts 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 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 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 and $42.8 million was reflected as a reduction to members’ contributed capital).

Inventories

Inventories	3 Months Ended
	Jun. 29, 2019
Inventory Disclosure [Abstract]
Inventories	3 . The components of net inventory, including inventory for the Company’s manufacturing and retail operations, were as follows: (Dollars in thousands) June 29, 2019 March 30, 2019 Raw materials $ 46,660 $ 48,531 Work in process 13,549 13,973 Finished goods and other 52,981 60,134 Total inventories $ 113,190 $ 122,638 At both June 29, 2019 and March 30, 2019, reserves for obsolete inventory were $4.1 million.

Property, Plant, and Equipment

Property, Plant, and Equipment	3 Months Ended
	Jun. 29, 2019
Property Plant And Equipment [Abstract]
Property, Plant, and Equipment	4 . 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 for the three months ended June 29, 2019 and June 30, 2018 was $3.1 million and $2.4 million, respectively. The components of property, plant, and equipment were as follows: (Dollars in thousands) June 29, 2019 March 30, 2019 Land and improvements $ 34,412 $ 34,264 Buildings and improvements 84,958 83,973 Machinery and equipment 43,195 42,476 Construction in progress 6,668 3,619 Property, plant and equipment, at cost 169,233 164,332 Less: accumulated depreciation (58,997 ) (55,745 ) Property, plant, and equipment, net $ 110,236 $ 108,587

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Jun. 29, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	5 . 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 June 29, 2019 and March 30, 2019, the Company had goodwill of $173.5 million and $173.4 million, respectively. The change during the three months ended June 29, 2019 was a result of the finalization of the allocation of net assets recognized in connection with the Exchange. Intangible Assets The components of amortizable intangible assets were as follows: (Dollars in thousands) June 29, 2019 March 30, 2019 Customer Relationships Trade Names Total Customer Relationships Trade Names Total Gross carrying amount $ 48,740 $ 13,218 $ 61,958 $ 48,782 $ 13,173 $ 61,955 Accumulated amortization (10,251 ) (4,286 ) (14,537 ) (9,052 ) (3,967 ) (13,019 ) Amortizable intangibles, net $ 38,489 $ 8,932 $ 47,421 $ 39,730 $ 9,206 $ 48,936 The Company recognized finite-lived intangibles for customer relationships of $43.1 million and trade names of $9.0 million as a result of the allocation of the 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 fair value of the customer relationship intangible asset was determined based on estimates and assumptions of 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 fair value of the trade names intangible asset was determined based on estimates and 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. During the three months ended June 29, 2019 and June 30, 2018, amortization of intangible assets was $1.4 million and $0.5 million, respectively.

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Jun. 29, 2019
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	6 . The components of other current liabilities were as follows: (Dollars in thousands) June 29, 2019 March 30, 2019 Customer deposits and receipts in excess of revenues $ 24,780 $ 28,392 Accrued volume rebates 17,561 21,020 Accrued warranty obligations 19,030 17,886 Accrued compensation and payroll taxes 25,142 32,075 Accrued insurance 18,192 16,245 Other 22,066 13,943 Total other current liabilities $ 126,771 $ 129,561

Accrued Warranty Obligations

Accrued Warranty Obligations	3 Months Ended
	Jun. 29, 2019
Guarantees And Product Warranties [Abstract]
Accrued Warranty Obligations	7 . Changes in the accrued warranty obligations were as follows: Three Months Ended (Dollars in thousands) June 29, 2019 June 30, 2018 Balance at the beginning of the period $ 23,346 $ 15,430 Warranty assumed in the Exchange — 7,109 Warranty expense 10,530 7,219 Cash warranty payments (9,886 ) (7,010 ) Balance at end of period 23,990 22,748 Less: noncurrent portion in other long-term liabilities (4,960 ) (5,700 ) Total current portion $ 19,030 $ 17,048

Debt and Floor Plan Payable

Debt and Floor Plan Payable	3 Months Ended
	Jun. 29, 2019
Debt Disclosure [Abstract]
Debt and Floor Plan Payable	8 . Long-term debt consisted of the following: (Dollars in thousands) June 29, 2019 March 30, 2019 Revolving credit facility maturing in 2023 $ 36,900 $ 41,900 Obligations under industrial revenue bonds due 2029 12,430 12,430 Total debt 49,330 54,330 Less current portion — — Total long-term debt $ 49,330 $ 54,330 On June 5, 2018, the Company entered into a credit agreement (the “Credit Agreement”) with a syndicate of banks. The 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 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 revolving credit facility allows the Company to draw down, repay and re-draw loans on the available funds during the term of the Credit Agreement. During the three months ended June 29, 2019, the Company repaid $5.0 million of amounts previously drawn on the revolving credit facility. The Credit Agreement matures on June 5, 2023 and has no scheduled amortization. The interest rate under the Credit Agreement adjusts based on the first lien net leverage of the Company 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 an unused line fee ranging between 0.40% and 0.25% (depending on the first lien net leverage) in respect of unused commitments under the Credit Agreement. At June 29, 2019 the interest rate on borrowings under the Credit Agreement was 3.92%. At June 29, 2019, letters of credit issued under the Credit Agreement totaled $28.8 million. Total available borrowings under the Credit Agreement as of June 29, 2019 were $34.3 million. Obligations under industrial revenue bonds are supported by letters of credit and bear interest based on a municipal bond index rate. The weighted-average interest rate at June 29, 2019, including related costs and fees, was 3.83%. At March 30, 2019, the weighted average interest rate was 3.62%. The industrial revenue bonds require lump-sum payments of principal upon maturity in 2029. The 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 Credit Agreement as of June 29, 2019. Floor Plan Payable The Company’s retail operations utilize floor plan financing to fund the acquisition of manufactured homes for display or resale. At June 29, 2019 and March 30, 2019, the Company had outstanding borrowings on floor plan financing agreements of $32.7 million and $33.3 million, respectively. Total credit line capacity provided under the agreements was $47.0 million as of June 29, 2019. Borrowings are secured by the homes and are required to be repaid when the Company sells the home to a customer.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Jun. 29, 2019
Revenue From Contract With Customer [Abstract]
Revenue Recognition	9 . The following tables disaggregate the Company’s revenue by sales category for the three months ended June 29, 2019 and June 30, 2018: Three Months Ended June 29, 2019 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-built Housing Corporate/ Other Total Manufacturing and retail $ 331,605 $ 23,700 $ — $ 355,305 Commercial — — — — Transportation — — 16,583 16,583 Total $ 331,605 $ 23,700 $ 16,583 $ 371,888 Three Months Ended June 30, 2018 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-built Housing Corporate/ Other Total Manufacturing and retail $ 260,786 $ 27,354 $ — $ 288,140 Commercial 5,338 — — 5,338 Transportation — — 28,783 28,783 Total $ 266,124 $ 27,354 $ 28,783 $ 322,261

Leases

Leases	3 Months Ended
	Jun. 29, 2019
Leases [Abstract]
Leases	1 0 . The Company has operating leases for land, manufacturing and office facilities, and equipment. The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such option. The Company's leases do not contain material residual value guarantees or material restrictive covenants. Operating lease expense is recognized on a straight-line basis over the lease terms. Lease expense included in the accompanying condensed consolidated statement of operations is shown below: (Dollars in thousands) Three Months Ended June 29, 2019 Operating lease expense $ 1,405 Short-term lease expense 373 Total lease expense $ 1,778 Operating lease assets and obligations included in the accompanying condensed consolidated balance sheet are shown below: (Dollars in thousands) June 29, 2019 Right-of-use assets under operating leases: Other long-term assets $ 13,185 Lease obligations under operating leases: Other current liabilities 4,208 Other long-term liabilities 8,977 Total lease obligation $ 13,185 Maturities of lease obligations as of June 29, 2019, are shown below: (Dollars in thousands) June 29, 2019 Fiscal 2020 (1) $ 3,744 Fiscal 2021 3,891 Fiscal 2022 2,822 Fiscal 2023 2,035 Fiscal 2024 854 Thereafter 2,214 Total undiscounted cash flows 15,560 Less: imputed interest (2,375 ) Lease obligations under operating leases $ 13,185 (1) For remaining period in fiscal year. The weighted average lease term and discount rate for operating leases are shown below: June 29, 2019 Weighted average remaining lease term (in years) 5.1 Weighted average discount rate 5.6 The discount rate used to measure a lease obligation should be the rate implicit in the lease; however, the Company’s operating leases generally do not provide an implicit rate. Accordingly, the Company uses its incremental borrowing rate at lease commencement to determine the present value of lease payments. The incremental borrowing rate is an entity-specific rate which represents the rate of interest a lessee would pay to borrow on a collateralized basis over a similar term with similar payments. Cash flow information related to operating leases is shown below: (Dollars in thousands) Three Months Ended June 29, 2019 Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 854 Operating cash flows: Cash paid related to operating lease obligations $ 1,534

Income Taxes

Income Taxes	3 Months Ended
	Jun. 29, 2019
Income Tax Disclosure [Abstract]
Income Taxes	1 1 . For the three months ended June 29, 2019 and June 30, 2018, the Company recorded $6.6 million and $3.4 million of income tax expense and had an effective tax rate of 27.6% and 133.0%, respectively. The decrease in the effective tax rate for the three months ended June 29, 2019, compared with the same period of 2018, was primarily due to costs related to the Exchange for which no tax benefit could be recognized. The Company’s effective tax rate for the three months ended June 29, 2019 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 and results in foreign jurisdictions. The Company’s effective tax rate for the three months ended June 30, 2018 differed from the federal statutory rate primarily due 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. During the three months ended June 29, 2019 the Company’s uncertain tax position did not change. During the three months ended June 30, 2018, the Company’s uncertain tax position decreased by $0.4 million due to expiration of certain statutes of limitations. The Company estimates no material changes to uncertain tax benefits in the next twelve months. The Company records interest and penalties related to uncertain tax positions as a component of income tax expense. Net interest and penalties for the periods presented herein were not significant.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Jun. 29, 2019
Earnings Per Share [Abstract]
Earnings Per Share	1 2 . Basic net income (loss) per share (“EPS”) attributable to the Company was computed by dividing net income (loss) attributable to the Company by the average number of common shares outstanding during the period. Certain of the Company’s time-vesting restricted share awards 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 months ended June 29, 2019, the two-class method was more dilutive and was not applicable to the June 30, 2018 computation given the net loss recorded for the three months ended June 30, 2018. 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 Agreement. The following table sets forth the computation of basic and diluted earnings per common share: Three Months Ended (Dollars and shares in thousands, except per share data) June 29, 2019 June 30, 2018 Numerator: Net income (loss) $ 17,380 $ (853 ) Undistributed earnings allocated to participating securities (89 ) — Net income (loss) attributable to the Company's common shareholders $ 17,291 $ (853 ) Denominator: Basic weighted average shares outstanding 56,368 47,462 Dilutive securities 267 — Diluted weighted average shares outstanding 56,635 47,462 Basic net income (loss) per share $ 0.31 $ (0.02 ) Diluted net income (loss) per share $ 0.31 $ (0.02 )

Transactions with Related Parti

Transactions with Related Parties	3 Months Ended
	Jun. 29, 2019
Related Party Transactions [Abstract]
Transactions with Related Parties	1 3 . 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. Management fee expense during the three months ended June 30, 2018, recognized prior to the Exchange, was $0.3 million. The Services Agreement was terminated in connection with the Exchange. The Management fee expense is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operation.

Segment Information

Segment Information	3 Months Ended
	Jun. 29, 2019
Segment Reporting [Abstract]
Segment Information	1 4 . Financial results for the Company's reportable segments have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's chief operating decision maker in allocating resources and in assessing performance. The Company’s chief operating decision maker, the Chief Executive Officer, evaluates the performance of the Company’s segment primarily based on net sales, earnings before interest, taxes, depreciation and amortization (“EBITDA”) and operating assets. The Company operates in two reportable segments: (i) U.S. Factory-built Housing, which includes manufacturing 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. 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 (Dollars in thousands) June 29, 2019 June 30, 2018 Net sales: U.S. Factory-built Housing $ 331,605 $ 266,124 Canadian Factory-built Housing 23,700 27,354 Corporate/Other 16,583 28,783 Consolidated net sales $ 371,888 $ 322,261 Operating income: U.S. Factory-built Housing EBITDA $ 36,145 $ 22,916 Canadian Factory-built Housing EBITDA 3,055 3,521 Corporate/Other EBITDA (10,408 ) (13,454 ) Depreciation (3,110 ) (2,430 ) Amortization (1,362 ) (481 ) Consolidated operating income $ 24,320 $ 10,072 Depreciation: U.S. Factory-built Housing $ 2,638 $ 2,045 Canadian Factory-built Housing 242 231 Corporate/Other 230 154 Consolidated depreciation $ 3,110 $ 2,430 Amortization of intangible assets: U.S. Factory-built Housing $ 1,362 $ 420 Canadian Factory-built Housing — 61 Corporate/Other — — Consolidated amortization of intangible assets $ 1,362 $ 481 Capital expenditures: U.S. Factory-built Housing $ 3,358 $ 1,281 Canadian Factory-built Housing 111 210 Corporate/Other 1,057 529 Consolidated capital expenditures $ 4,526 $ 2,020 (Dollars in thousands) June 29, 2019 March 30, 2019 Total Assets: U.S. Factory-built Housing (1) $ 491,518 $ 488,878 Canadian Factory-built Housing (1) 60,350 59,260 Corporate/Other (1) 170,623 151,816 Consolidated total assets $ 722,491 $ 699,954 (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	3 Months Ended
	Jun. 29, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments, Contingencies and Legal Proceedings	1 5 . Repurchase Contingencies and Guarantees The Company is contingently liable under terms of repurchase agreements with lending institutions that provide wholesale floor plan financing to retailers. These arrangements, which are customary in the manufactured housing industry, provide for the repurchase of products sold to retailers in the event of default by the retailer on their agreement to pay the financial institution. The risk of loss from these agreements is spread over numerous retailers. The repurchase price is generally determined by the original sales price of the product and pre-defined curtailment arrangements. The Company accounts for the guarantees under its repurchase agreements with the retailers’ financing institutions by estimating and deferring a portion of the related product sale that represents the estimated fair value of the repurchase obligation. The estimated fair value takes into account the estimate of the loss the Company will incur upon resale of any repurchases. This estimate is based on recent historical experience supplemented by management’s assessment of current economic and other conditions affecting the Company’s retailers. The reserve for estimated losses under repurchase agreements was $0.9 million at June 29, 2019 and $1.0 million at March 30, 2019. Excluding the resale value of the homes, the contingent repurchase obligation as of June 29, 2019 was estimated to be approximately $166.9 million. Losses incurred on homes repurchased were immaterial during each of the three months ended June 29, 2019 and June 30, 2018. In addition to the repurchase agreements, the Company has agreed to guarantee from 3% to 50% of certain retailers’ outstanding loans to a floor plan lender. At June 29, 2019, those guarantees totaled $0.6 million of which $0.5 million was outstanding. At June 29, 2019, the Company was contingently obligated for approximately $28.8 million under letters of credit, primarily consisting of $12.6 million to support long-term debt, $15.7 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 $23.9 million under surety bonds, generally to support performance on long-term construction contracts and 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, the Company expects few, if any, claims to be 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)	3 Months Ended
	Jun. 29, 2019
Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements: In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, (“ASC 842”), to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. A lessee should recognize in the consolidated balance sheet a liability to make lease payments (the lease liability) and an asset representing its right to use the underlying asset for the lease term. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous requirements. This ASC 842 is effective for fiscal years beginning after December 31, 2018 and modified retrospective application is permitted. The Company adopted ASC 842 as of March 31, 2019, the first day of fiscal 2020 using the modified retrospective approach and without restating comparative periods. The Company has elected to apply the transition package of three practical expedients which allow companies not to reassess whether agreements contain leases, the classification of leases, and the capitalization of initial direct costs. The Company did not elect the practical expedient which permits the use of hindsight when determining the lease term and assessing right-of-use assets for impairment. As permitted by the standard, the Company elected to: 1) recognize lease expense for leases with a term of 12 months or less on a straight-line basis over the lease term and will not recognize any right of use assets or lease liabilities for those leases, and 2) not separate lease and non-lease components. The primary financial statement impact upon adoption was the recognition, on a discounted basis, of the Company's minimum commitments under non-cancelable operating leases as right of use assets and obligations on the consolidated balance sheets. The adoption of ASC 842 resulted in the recognition of lease-related assets and liabilities of $13.7 Recently Issued Accounting Pronouncements Pending Adoption: In January 2017, the FASB issued ASU No. 2017-04, . The standard simplifies the accounting for goodwill impairments and allows a goodwill impairment charge to be based on the amount of a reporting unit’s carrying value in excess of its fair value. This eliminates the requirement to calculate the implied fair value of goodwill or what is known as “Step 2” under the current guidance. This guidance is effective for annual and interim periods of public entities beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the potential impact this ASU will have on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses There were no other accounting standards recently issued that are expected to have a material impact on the Company’s financial position or results of operations.

Business Combination (Tables)

Business Combination (Tables)	3 Months Ended
	Jun. 29, 2019
Business Combinations [Abstract]
Schedule of Purchase Price Allocation on Assets and Liabilities	The purchase price was allocated as follows: (Dollars in thousands) Allocation at March 30, 2019 Changes to Allocation Final Allocation at June 29, 2019 Cash $ 9,722 $ — $ 9,722 Trade accounts receivable 13,876 — 13,876 Inventory 19,028 — 19,028 Assets held for sale 2,086 — 2,086 Property, plant and equipment 40,220 — 40,220 Deferred tax assets, net 6,996 38 7,034 Other assets 6,706 — 6,706 Accounts payable and accrued liabilities (36,027 ) — (36,027 ) Intangibles 52,218 (153 ) 52,065 Goodwill 170,227 115 170,342 Total purchase price allocation $ 285,052 $ — $ 285,052
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 June 30, 2018 (Dollars in thousands) Reported Pro forma Net sales $ 322,261 $ 368,065 Net (loss) income (853 ) 14,256

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jun. 29, 2019
Inventory Disclosure [Abstract]
Summary of Components of Net Inventory for Company's Manufacturing and Retail Operations	The components of net inventory, including inventory for the Company’s manufacturing and retail operations, were as follows: (Dollars in thousands) June 29, 2019 March 30, 2019 Raw materials $ 46,660 $ 48,531 Work in process 13,549 13,973 Finished goods and other 52,981 60,134 Total inventories $ 113,190 $ 122,638

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	3 Months Ended
	Jun. 29, 2019
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) June 29, 2019 March 30, 2019 Land and improvements $ 34,412 $ 34,264 Buildings and improvements 84,958 83,973 Machinery and equipment 43,195 42,476 Construction in progress 6,668 3,619 Property, plant and equipment, at cost 169,233 164,332 Less: accumulated depreciation (58,997 ) (55,745 ) Property, plant, and equipment, net $ 110,236 $ 108,587

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jun. 29, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Components of Amortizable Intangible Assets	The components of amortizable intangible assets were as follows: (Dollars in thousands) June 29, 2019 March 30, 2019 Customer Relationships Trade Names Total Customer Relationships Trade Names Total Gross carrying amount $ 48,740 $ 13,218 $ 61,958 $ 48,782 $ 13,173 $ 61,955 Accumulated amortization (10,251 ) (4,286 ) (14,537 ) (9,052 ) (3,967 ) (13,019 ) Amortizable intangibles, net $ 38,489 $ 8,932 $ 47,421 $ 39,730 $ 9,206 $ 48,936

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
	Jun. 29, 2019
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	The components of other current liabilities were as follows: (Dollars in thousands) June 29, 2019 March 30, 2019 Customer deposits and receipts in excess of revenues $ 24,780 $ 28,392 Accrued volume rebates 17,561 21,020 Accrued warranty obligations 19,030 17,886 Accrued compensation and payroll taxes 25,142 32,075 Accrued insurance 18,192 16,245 Other 22,066 13,943 Total other current liabilities $ 126,771 $ 129,561

Accrued Warranty Obligations (T

Accrued Warranty Obligations (Tables)	3 Months Ended
	Jun. 29, 2019
Guarantees And Product Warranties [Abstract]
Summary of Changes in Accrued Warranty Obligations	Changes in the accrued warranty obligations were as follows: Three Months Ended (Dollars in thousands) June 29, 2019 June 30, 2018 Balance at the beginning of the period $ 23,346 $ 15,430 Warranty assumed in the Exchange — 7,109 Warranty expense 10,530 7,219 Cash warranty payments (9,886 ) (7,010 ) Balance at end of period 23,990 22,748 Less: noncurrent portion in other long-term liabilities (4,960 ) (5,700 ) Total current portion $ 19,030 $ 17,048

Debt and Floor Plan Payable (Ta

Debt and Floor Plan Payable (Tables)	3 Months Ended
	Jun. 29, 2019
Debt Disclosure [Abstract]
Summary of Long Term Debt	Long-term debt consisted of the following: (Dollars in thousands) June 29, 2019 March 30, 2019 Revolving credit facility maturing in 2023 $ 36,900 $ 41,900 Obligations under industrial revenue bonds due 2029 12,430 12,430 Total debt 49,330 54,330 Less current portion — — Total long-term debt $ 49,330 $ 54,330

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Jun. 29, 2019
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 months ended June 29, 2019 and June 30, 2018: Three Months Ended June 29, 2019 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-built Housing Corporate/ Other Total Manufacturing and retail $ 331,605 $ 23,700 $ — $ 355,305 Commercial — — — — Transportation — — 16,583 16,583 Total $ 331,605 $ 23,700 $ 16,583 $ 371,888 Three Months Ended June 30, 2018 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-built Housing Corporate/ Other Total Manufacturing and retail $ 260,786 $ 27,354 $ — $ 288,140 Commercial 5,338 — — 5,338 Transportation — — 28,783 28,783 Total $ 266,124 $ 27,354 $ 28,783 $ 322,261

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jun. 29, 2019
Leases [Abstract]
Summary of Lease Expense Included in Condensed Consolidated Statement of Operations	Lease expense included in the accompanying condensed consolidated statement of operations is shown below: (Dollars in thousands) Three Months Ended June 29, 2019 Operating lease expense $ 1,405 Short-term lease expense 373 Total lease expense $ 1,778
Schedule of Operating Lease Assets Included in Condensed Consolidated Balance Sheet	Operating lease assets and obligations included in the accompanying condensed consolidated balance sheet are shown below: (Dollars in thousands) June 29, 2019 Right-of-use assets under operating leases: Other long-term assets $ 13,185 Lease obligations under operating leases: Other current liabilities 4,208 Other long-term liabilities 8,977 Total lease obligation $ 13,185
Summary of Maturities of Lease Obligations	Maturities of lease obligations as of June 29, 2019, are shown below: (Dollars in thousands) June 29, 2019 Fiscal 2020 (1) $ 3,744 Fiscal 2021 3,891 Fiscal 2022 2,822 Fiscal 2023 2,035 Fiscal 2024 854 Thereafter 2,214 Total undiscounted cash flows 15,560 Less: imputed interest (2,375 ) Lease obligations under operating leases $ 13,185 (1) For remaining period in fiscal year.
Schedule of Weighted Average Remaining Lease Term and Discount Rate	The weighted average lease term and discount rate for operating leases are shown below: June 29, 2019 Weighted average remaining lease term (in years) 5.1 Weighted average discount rate 5.6
Schedule of Cash Flow Information Related to Operating Leases	Cash flow information related to operating leases is shown below: (Dollars in thousands) Three Months Ended June 29, 2019 Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 854 Operating cash flows: Cash paid related to operating lease obligations $ 1,534

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Jun. 29, 2019
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 (Dollars and shares in thousands, except per share data) June 29, 2019 June 30, 2018 Numerator: Net income (loss) $ 17,380 $ (853 ) Undistributed earnings allocated to participating securities (89 ) — Net income (loss) attributable to the Company's common shareholders $ 17,291 $ (853 ) Denominator: Basic weighted average shares outstanding 56,368 47,462 Dilutive securities 267 — Diluted weighted average shares outstanding 56,635 47,462 Basic net income (loss) per share $ 0.31 $ (0.02 ) Diluted net income (loss) per share $ 0.31 $ (0.02 )

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jun. 29, 2019
Segment Reporting [Abstract]
Schedule of Financial Information by Reportable Segments	Selected financial information by reportable segment was as follows: Three Months Ended (Dollars in thousands) June 29, 2019 June 30, 2018 Net sales: U.S. Factory-built Housing $ 331,605 $ 266,124 Canadian Factory-built Housing 23,700 27,354 Corporate/Other 16,583 28,783 Consolidated net sales $ 371,888 $ 322,261 Operating income: U.S. Factory-built Housing EBITDA $ 36,145 $ 22,916 Canadian Factory-built Housing EBITDA 3,055 3,521 Corporate/Other EBITDA (10,408 ) (13,454 ) Depreciation (3,110 ) (2,430 ) Amortization (1,362 ) (481 ) Consolidated operating income $ 24,320 $ 10,072 Depreciation: U.S. Factory-built Housing $ 2,638 $ 2,045 Canadian Factory-built Housing 242 231 Corporate/Other 230 154 Consolidated depreciation $ 3,110 $ 2,430 Amortization of intangible assets: U.S. Factory-built Housing $ 1,362 $ 420 Canadian Factory-built Housing — 61 Corporate/Other — — Consolidated amortization of intangible assets $ 1,362 $ 481 Capital expenditures: U.S. Factory-built Housing $ 3,358 $ 1,281 Canadian Factory-built Housing 111 210 Corporate/Other 1,057 529 Consolidated capital expenditures $ 4,526 $ 2,020 (Dollars in thousands) June 29, 2019 March 30, 2019 Total Assets: U.S. Factory-built Housing (1) $ 491,518 $ 488,878 Canadian Factory-built Housing (1) 60,350 59,260 Corporate/Other (1) 170,623 151,816 Consolidated total assets $ 722,491 $ 699,954 (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) $ in Thousands	3 Months Ended
	Jun. 29, 2019USD ($)FacilityCentershares	Mar. 30, 2019shares	Jan. 05, 2018shares
Organization And Business Operations [Line Items]
Common stock, shares issued | shares	56,657,000	56,657,000
Operating lease, right-of-use asset	$ 13,185
Operating lease, liability	13,185
ASC 842 [Member]
Organization And Business Operations [Line Items]
Operating lease, right-of-use asset	13,700
Operating lease, liability	$ 13,700
U.S [Member]
Organization And Business Operations [Line Items]
Number of manufacturing facilities | Facility	33
Number of sales centers | Center	21
Canada [Member]
Organization And Business Operations [Line Items]
Number of manufacturing facilities | Facility	5
Indiana Corporation [Member]
Organization And Business Operations [Line Items]
Ownership percentage			15.50%
Champion Enterprises Holdings, LLC [Member]
Organization And Business Operations [Line Items]
Common stock, shares issued | shares			47,752,008
Ownership percentage			84.50%

Business Combination - Addition

Business Combination - Additional Information (Detail) - USD ($)	3 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Mar. 30, 2019	Jun. 01, 2018
Business Acquisition [Line Items]
Common stock closing price				$ 33.39
Estimated weighted average useful lives	10 years
Deferred tax assets, net	$ 27,300,000
Deferred tax liabilities	20,300,000
Net sales	371,888,000	$ 322,261,000
Capital distribution to members	65,300,000
Retained Earnings [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
Skyco, LLC [Member] | Other Expense [Member]
Business Acquisition [Line Items]
Business acquisition-related costs	0	6,400,000
Skyco, LLC [Member] | Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Stock based compensation expenses related to former Skyline employees	0	6,000,000
Skyline Corporation [Member]
Business Acquisition [Line Items]
Assets held for sale	2,086,000
Deferred tax assets, net	7,034,000
Net sales		$ 22,100,000
Skyline Corporation [Member] | Assets Classified as Held For Sale [Member]
Business Acquisition [Line Items]
Property classified as other current assets	2,100,000
Skyline Corporation [Member] | Level 3 Fair Value Estimates [Member]
Business Acquisition [Line Items]
Property, plant and equipment, fair value	40,200,000
Intangible assets, fair value	52,100,000
Property, plant and equipment, impairment loss	1,000,000
Assets held for sale	$ 1,100,000		$ 2,100,000

Business Combination - Schedule

Business Combination - Schedule of Purchase Price Allocation on Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jun. 29, 2019	Mar. 30, 2019
Business Acquisition [Line Items]
Deferred tax assets, net	$ 27,300
Goodwill	173,521	$ 173,406
Skyline [Member]
Business Acquisition [Line Items]
Cash	9,722
Trade accounts receivable	13,876
Inventory	19,028
Assets held for sale	2,086
Property, plant and equipment	40,220
Deferred tax assets, net	7,034
Other assets	6,706
Accounts payable and accrued liabilities	(36,027)
Intangibles	52,065
Goodwill	170,342
Total purchase price allocation	285,052
Skyline [Member] | Allocation [Member]
Business Acquisition [Line Items]
Cash		9,722
Trade accounts receivable		13,876
Inventory		19,028
Assets held for sale		2,086
Property, plant and equipment		40,220
Deferred tax assets, net		6,996
Other assets		6,706
Accounts payable and accrued liabilities		(36,027)
Intangibles		52,218
Goodwill		170,227
Total purchase price allocation		$ 285,052
Skyline [Member] | Changes to Allocation [Member]
Business Acquisition [Line Items]
Deferred tax assets, net	38
Intangibles	(153)
Goodwill	$ 115

Business Combination - Summary

Business Combination - Summary of Results of Operation as Reported and Proforma Basis (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net [Abstract]
Net sale, Reported	$ 371,888	$ 322,261
Net (loss) income, Reported		(853)
Net sale, Proforma		368,065
Net (loss) income, Proforma		$ 14,256

Inventories - Summary of Compon

Inventories - Summary of Components of Net Inventory for Company's Manufacturing and Retail Operations (Detail) - USD ($) $ in Thousands	Jun. 29, 2019	Mar. 30, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 46,660	$ 48,531
Work in process	13,549	13,973
Finished goods and other	52,981	60,134
Total inventories	$ 113,190	$ 122,638

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Millions	Jun. 29, 2019	Mar. 30, 2019
Inventory Disclosure [Abstract]
Reserves for obsolete inventory	$ 4.1	$ 4.1

Property Plant, and Equipment -

Property Plant, and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 3,110	$ 2,430
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] | Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	3 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] | Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	8 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	Jun. 29, 2019	Mar. 30, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 169,233	$ 164,332
Less: accumulated depreciation	(58,997)	(55,745)
Property, plant, and equipment, net	110,236	108,587
Land and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	34,412	34,264
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	84,958	83,973
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	43,195	42,476
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 6,668	$ 3,619

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Mar. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	$ 173,521		$ 173,406
Finite-lived intangibles, customer relationships	43,100
Finite-lived intangibles, trade names	9,000
Amortization expense	$ 1,362	$ 481

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Components of Amortizable Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 29, 2019	Mar. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 61,958	$ 61,955
Accumulated amortization	(14,537)	(13,019)
Amortizable intangibles, net	47,421	48,936
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	48,740	48,782
Accumulated amortization	(10,251)	(9,052)
Amortizable intangibles, net	38,489	39,730
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	13,218	13,173
Accumulated amortization	(4,286)	(3,967)
Amortizable intangibles, net	$ 8,932	$ 9,206

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jun. 29, 2019	Mar. 30, 2019	Jun. 30, 2018
Other Liabilities Disclosure [Abstract]
Customer deposits and receipts in excess of revenues	$ 24,780	$ 28,392
Accrued volume rebates	17,561	21,020
Accrued warranty obligations	19,030	17,886	$ 17,048
Accrued compensation and payroll taxes	25,142	32,075
Accrued insurance	18,192	16,245
Other	22,066	13,943
Total other current liabilities	$ 126,771	$ 129,561

Accrued Warranty Obligations -

Accrued Warranty Obligations - Summary of Changes in Accrued Product Warranty Obligations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Mar. 30, 2019
Guarantees And Product Warranties [Abstract]
Balance at the beginning of the period	$ 23,346	$ 15,430
Warranty assumed in the Exchange		7,109
Warranty expense	10,530	7,219
Cash warranty payments	(9,886)	(7,010)
Balance at end of period	23,990	22,748
Less: noncurrent portion in other long-term liabilities	(4,960)	(5,700)
Total current portion	$ 19,030	$ 17,048	$ 17,886

Debt and Floor Plan Payable - S

Debt and Floor Plan Payable - Summary of Long Term Debt (Detail) - USD ($) $ in Thousands	Jun. 29, 2019	Mar. 30, 2019
Debt Instrument [Line Items]
Long term debt	$ 49,330	$ 54,330
Total long-term debt	49,330	54,330
Revolving Credit Facility Maturing in 2023 [Member]
Debt Instrument [Line Items]
Long term debt	36,900	41,900
Obligations Under Industrial Revenue Bonds Due 2029 [Member]
Debt Instrument [Line Items]
Long term debt	$ 12,430	$ 12,430

Debt and Floor Plan Payable - A

Debt and Floor Plan Payable - Additional Information (Detail)	Jun. 05, 2018USD ($)	Jun. 29, 2019USD ($)	Mar. 30, 2019USD ($)
Obligations Under Industrial Revenue Bonds Due 2029 [Member]
Debt Instrument [Line Items]
Weighted-average interest rate		3.83%	3.62%
Industrial revenue bonds maturity		2029
Floor Plan Financing Arrangements [Member]
Debt Instrument [Line Items]
Available borrowings under Credit Agreement		$ 47,000,000
Outstanding borrowings		$ 32,700,000	$ 33,300,000
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.
Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility		$ 100,000,000
First lien leverage ratio		2
Revolving credit facility maturity date		Jun. 5, 2023
Interest rate on borrowings		3.92%
Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage Equal to Or Greater Than 2.00:1.00 [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		2.25%
Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage Equal to Or Greater Than 2.00:1.00 [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.25%
Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage Below 0.50:1.00 [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage Below 0.50:1.00 [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Credit Agreement [Member] | Revolving Credit Facility [Member] | Champion Enterprises Holdings, LLC [Member]
Debt Instrument [Line Items]
Repayments of Long-term Debt	$ 46,900,000	$ 5,000,000
Minimum [Member] | Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage [Member]
Debt Instrument [Line Items]
Unused line fee percentage		0.40%
Maximum [Member] | Credit Agreement [Member] | Revolving Credit Facility [Member] | First Lien Net Leverage [Member]
Debt Instrument [Line Items]
Unused line fee percentage		0.25%
Letter of Credit [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Letters of credit issued		$ 28,800,000
Available borrowings under Credit Agreement		34,300,000
Letter of Credit [Member] | Minimum [Member] | Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility		$ 45,000,000

Revenue Recognition - Summary o

Revenue Recognition - Summary of Corporate Net Sales (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	$ 371,888	$ 322,261
Manufacturing and Retail [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	355,305	288,140
Commercial [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales		5,338
Transportation [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	16,583	28,783
U.S Factory-built Housing [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	331,605	266,124
U.S Factory-built Housing [Member] | Manufacturing and Retail [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	331,605	260,786
U.S Factory-built Housing [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales		5,338
Canadian Factory-built Housing [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	23,700	27,354
Canadian Factory-built Housing [Member] | Manufacturing and Retail [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	23,700	27,354
Corporate Other [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	16,583	28,783
Corporate Other [Member] | Transportation [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	$ 16,583	$ 28,783

Leases - Summary of Lease Expen

Leases - Summary of Lease Expense Included in Condensed Consolidated Statement of Operations (Detail) $ in Thousands	3 Months Ended
	Jun. 29, 2019USD ($)
Lease Cost [Abstract]
Operating lease expense	$ 1,405
Short-term lease expense	373
Total lease expense	$ 1,778

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Assets Included in Condensed Consolidated Balance Sheet (Detail) $ in Thousands	Jun. 29, 2019USD ($)
Leases [Abstract]
Operating lease, right-of-use asset	$ 13,185
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent
Other current liabilities	$ 4,208
Other long-term liabilities	8,977
Total lease obligation	$ 13,185

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Obligations (Detail) $ in Thousands	Jun. 29, 2019USD ($)
Operating Lease Liabilities Payments Due [Abstract]
Fiscal 2020	$ 3,744
Fiscal 2021	3,891
Fiscal 2022	2,822
Fiscal 2023	2,035
Fiscal 2024	854
Thereafter	2,214
Total undiscounted cash flows	15,560
Less: imputed interest	(2,375)
Lease obligations under operating leases	$ 13,185

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rate (Detail)	Jun. 29, 2019
Lease Cost [Abstract]
Weighted average remaining lease term (in years)	5 years 1 month 6 days
Weighted average discount rate	5.60%

Leases - Schedule of Cash Flow

Leases - Schedule of Cash Flow Information Related to Operating Leases (Detail) $ in Thousands	3 Months Ended
	Jun. 29, 2019USD ($)
Leases [Abstract]
Right-of-use assets obtained in exchange for operating lease obligations	$ 854
Cash paid related to operating lease obligations	$ 1,534

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 6,631	$ 3,440
Effective tax rate	27.60%	133.00%
Statutory federal income tax rate	21.00%
Change in uncertain tax positions		$ (400)

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
	Jun. 29, 2019	Jun. 30, 2018
Numerator:
Net income (loss)	$ 17,380	$ (853)
Undistributed earnings allocated to participating securities	(89)
Net income (loss) attributable to the Company's common shareholders	$ 17,291	$ (853)
Denominator:
Basic weighted average shares outstanding	56,368	47,462
Dilutive securities	267
Diluted weighted average shares outstanding	56,635	47,462
Basic net income (loss) per share	$ 0.31	$ (0.02)
Diluted net income (loss) per share	$ 0.31	$ (0.02)

Transactions with Related Par_2

Transactions with Related Parties - Additional Information (Detail) $ in Millions	3 Months Ended
	Jun. 30, 2018USD ($)
Management Advisory [Member] | Services Agreement [Member]
Related Party Transaction [Line Items]
Annual management fee	$ 0.3

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Jun. 29, 2019Segment
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
	Jun. 29, 2019	Jun. 30, 2018	Mar. 30, 2019
Segment Reporting Information [Line Items]
Net sales	$ 371,888	$ 322,261
Operating income	24,320	10,072
Depreciation	3,110	2,430
Amortization	(1,362)	(481)
Amortization of intangible assets	1,362	481
Assets	722,491		$ 699,954
U.S Factory-built Housing [Member]
Segment Reporting Information [Line Items]
Net sales	331,605	266,124
Canadian Factory-built Housing [Member]
Segment Reporting Information [Line Items]
Net sales	23,700	27,354
Operating Segments [Member] | U.S Factory-built Housing [Member]
Segment Reporting Information [Line Items]
Net sales	331,605	266,124
Operating income	36,145	22,916
Depreciation	2,638	2,045
Amortization of intangible assets	1,362	420
Capital expenditures	3,358	1,281
Assets	491,518	488,878
Operating Segments [Member] | Canadian Factory-built Housing [Member]
Segment Reporting Information [Line Items]
Net sales	23,700	27,354
Operating income	3,055	3,521
Depreciation	242	231
Amortization of intangible assets		61
Capital expenditures	111	210
Assets	60,350	59,260
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Net sales	16,583	28,783
Operating income	(10,408)	(13,454)
Depreciation	230	154
Capital expenditures	1,057	529
Assets	170,623	151,816
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Net sales	371,888	322,261
Operating income	24,320	10,072
Depreciation	3,110	2,430
Amortization of intangible assets	1,362	481
Capital expenditures	4,526	2,020
Assets	$ 722,491	$ 699,954

Commitments, Contingencies an_2

Commitments, Contingencies and Legal Proceedings - Additional Information (Detail) - USD ($)	3 Months Ended
	Jun. 29, 2019	Mar. 30, 2019
Commitment And Contingencies [Line Items]
Reserve for estimated losses under repurchase agreements	$ 900,000	$ 1,000,000
Losses under repurchase obligations	166,900,000
Guarantee outstanding	600,000
Guarantee total amount	$ 500,000
Guarantee obligations term	12 years
Letters of Credit [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	$ 28,800,000
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	15,700,000
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	$ 23,900,000
Minimum [Member]
Commitment And Contingencies [Line Items]
Guarantee obligations percentage	3.00%
Maximum [Member]
Commitment And Contingencies [Line Items]
Guarantee obligations percentage	50.00%