Skyline Champion (SKY) 10-Q 29 Jan 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 28, 2019	Jan. 26, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 28, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Trading Symbol	SKY
Entity Registrant Name	Skyline Champion Corporation
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		56,665,681
Entity File Number	001-04714
Entity Tax Identification Number	35-1038277
Entity Address, Address Line One	755 West Big Beaver Road
Entity Address, Address Line Two	Suite 1000
Entity Address, City or Town	Troy
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48084
City Area Code	248
Local Phone Number	614-8211
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	IN
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019
Current assets:
Cash and cash equivalents	$ 171,287	$ 126,634
Trade accounts receivable, net	42,233	57,649
Inventories, net	107,938	122,638
Other current assets	13,377	11,369
Total current assets	334,835	318,290
Long-term assets:
Property, plant, and equipment, net	110,944	108,587
Goodwill	173,521	173,406
Amortizable intangible assets, net	44,714	48,936
Deferred tax assets	30,435	34,058
Other noncurrent assets	30,029	16,677
Total assets	724,478	699,954
Current liabilities:
Floor plan payable	32,375	33,321
Accounts payable	27,325	43,421
Other current liabilities	118,603	129,561
Total current liabilities	178,303	206,303
Long-term liabilities:
Long-term debt	39,330	54,330
Deferred tax liabilities	3,746	3,422
Other	33,902	23,927
Total long-term liabilities	76,978	81,679
Stockholders' Equity:
Common stock, $0.0277 par value, 115,000 shares authorized, 56,666 and 56,657 shares issued (including 145 and 290 shares subject to restriction) as of December 28, 2019 and March 30, 2019, respectively	1,570	1,569
Additional paid-in capital	483,371	479,226
Accumulated deficit	(6,046)	(58,208)
Accumulated other comprehensive loss	(9,698)	(10,615)
Total stockholders’ equity	469,197	411,972
Total liabilities and stockholders’ equity	$ 724,478	$ 699,954

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 28, 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	56,666,000	56,657,000
Shares subject to restriction	145,000	290,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Income Statement [Abstract]
Net sales	$ 342,239	$ 354,671	$ 1,068,585	$ 1,032,368
Cost of sales	273,338	289,935	849,594	853,472
Gross profit	68,901	64,736	218,991	178,896
Selling, general, and administrative expenses	45,237	48,848	145,354	222,005
Operating income (loss)	23,664	15,888	73,637	(43,109)
Interest expense, net	328	813	1,019	2,712
Other expense		125		7,845
Income (loss) before income taxes	23,336	14,950	72,618	(53,666)
Income tax expense	6,299	4,437	20,456	13,699
Net income (loss)	$ 17,037	$ 10,513	$ 52,162	$ (67,365)
Net income (loss) per share:
Basic	$ 0.30	$ 0.19	$ 0.92	$ (1.28)
Diluted	$ 0.30	$ 0.19	$ 0.92	$ (1.28)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 17,037	$ 10,513	$ 52,162	$ (67,365)
Other comprehensive (loss) income:
Foreign currency translation adjustments	548	(2,099)	917	(2,206)
Total comprehensive income (loss)	$ 17,585	$ 8,414	$ 53,079	$ (69,571)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Cash flows from operating activities
Net income (loss)	$ 52,162	$ (67,365)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	9,826	8,219
Amortization of intangible assets	4,069	3,316
Amortization of deferred financing fees	384	409
Fair market value adjustment for asset classified as held for sale	986
Equity-based compensation	6,168	97,589
Deferred taxes	4,222	3,223
Loss on disposal of property, plant, and equipment	126	1
Foreign currency transaction (gain) loss	(93)	188
Change in assets and liabilities net of business acquired:
Accounts receivable	15,441	8,414
Inventories	14,980	4,991
Prepaids and other assets	(6,199)	(286)
Accounts payable	(16,130)	(11,756)
Accrued expenses and other liabilities	(12,865)	4,975
Net cash provided by operating activities	73,077	51,918
Cash flows from investing activities
Additions to property, plant, and equipment	(12,110)	(7,627)
Cash acquired in business acquisition		9,722
Proceeds from disposal of property, plant, and equipment	44	17
Proceeds from sale of held for sale asset	1,100
Decrease in note receivable		284
Net cash (used in) provided by investing activities	(10,966)	2,396
Cash flows from financing activities
Changes in floor plan financing, net	(946)	9,133
Borrowings on revolving debt facility		46,900
Payments on revolving debt facility	(15,000)
Payments on term-loans and other debt		(46,900)
Payments for deferred financing fees		(2,169)
Stock option exercises	109	1,615
Tax payments for equity-based compensation	(2,131)	(4,117)
Members' capital distribution		(65,277)
Net cash used in financing activities	(17,968)	(60,815)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	510	(1,130)
Net increase (decrease) in cash, cash equivalents, and restricted cash	44,653	(7,631)
Cash, cash equivalents, and restricted cash at beginning of period	126,634	136,616
Cash, cash equivalents, and restricted cash at end of period	$ 171,287	$ 128,985

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)	(67,365)				(67,365)
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	97,589			97,589
Net common stock issued under equity-based compensation plans	(2,658)	$ 16		(2,674)
Net common stock issued under equity-based compensation plans, shares		570
Foreign currency translation adjustments	(2,206)					(2,206)
Ending balance at Dec. 29, 2018	398,545	$ 1,571		475,838	(67,365)	(11,499)
Ending balance, shares at Dec. 29, 2018		56,713
Beginning balance at Sep. 29, 2018	386,469	$ 1,571		472,176	(77,878)	(9,400)
Beginning balance, shares at Sep. 29, 2018		56,713
Net income (loss)	10,513				10,513
Equity-based compensation	3,662			3,662
Foreign currency translation adjustments	(2,099)					(2,099)
Ending balance at Dec. 29, 2018	398,545	$ 1,571		475,838	(67,365)	(11,499)
Ending balance, shares at Dec. 29, 2018		56,713
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)	52,162				52,162
Equity-based compensation	6,168			6,168
Net common stock issued under equity-based compensation plans	(2,022)	$ 1		(2,023)
Net common stock issued under equity-based compensation plans, shares		9
Foreign currency translation adjustments	917					917
Ending balance at Dec. 28, 2019	469,197	$ 1,570		483,371	(6,046)	(9,698)
Ending balance, shares at Dec. 28, 2019		56,666
Beginning balance at Sep. 28, 2019	450,150	$ 1,570		481,909	(23,083)	(10,246)
Beginning balance, shares at Sep. 28, 2019		56,665
Net income (loss)	17,037				17,037
Equity-based compensation	1,465			1,465
Net common stock issued under equity-based compensation plans	(3)			(3)
Net common stock issued under equity-based compensation plans, shares		1
Foreign currency translation adjustments	548					548
Ending balance at Dec. 28, 2019	$ 469,197	$ 1,570		$ 483,371	$ (6,046)	$ (9,698)
Ending balance, shares at Dec. 28, 2019		56,666

Basis of Presentation and Busin

Basis of Presentation and Business	9 Months Ended
	Dec. 28, 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 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 nine months ending December 29, 2018 are comprised of the results of 1) 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 December 29, 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 and nine months ended December 28, 2019 and December 29, 2018 each included 13 weeks and 39 weeks, respectively. 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	9 Months Ended
	Dec. 28, 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 $6.9 million for the nine months ended December 29, 2018, which were classified as other expense in the condensed consolidated statements of operations. No acquisition-related costs were incurred during the three months ended December 29, 2018. Additionally, the Company incurred approximately $6.0 million in equity-based compensation expense related to former Skyline employees during the first quarter of fiscal 2019, which is recorded in selling, general, and administrative expenses in the condensed consolidated statements of operations. These types of costs were not incurred during fiscal 2020. 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 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 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, and accrued 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 rec ognized in the accompanying condensed consolidated balance sheet as a result of the allocation of the purchase price from the Exchange . 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 was evaluated each reporting period to determine if it has changed. A loss of $ 1.0 million was recorded during the first quarter of fiscal 2020 related to this held for sale property based on updated market information . The sale of the property was completed during the third quarter of fiscal 2020 for $ 1.1 million . Assets held for sale were $ 2.1 million as of March 30, 2019. 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 and nine months ended December 29, 2018 includes $63.2 million and $153.3 million, respectively, 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: Nine Months Ended December 29, 2018 (Dollars in thousands) Reported Pro forma Net sales $ 1,032,368 $ 1,078,172 Net loss (67,365 ) (52,256 ) 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	9 Months Ended
	Dec. 28, 2019
Inventory Disclosure [Abstract]
Inventories	3 . The components of inventory, net of reserves for obsolete inventory, were as follows: (Dollars in thousands) December 28, 2019 March 30, 2019 Raw materials $ 49,242 $ 48,531 Work in process 15,235 13,973 Finished goods and other 43,461 60,134 Total inventories $ 107,938 $ 122,638 At December 28, 2019 and March 30, 2019, reserves for obsolete inventory were $4.5 million and $4.1 million, respectively.

Property, Plant, and Equipment

Property, Plant, and Equipment	9 Months Ended
	Dec. 28, 2019
Property Plant And Equipment [Abstract]
Property, Plant, and Equipment	4 . Property, plant, and equipment are stated at cost. Depreciation is calculated primarily on a straight-line basis, 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 December 28, 2019 and December 29, 2018 was $3.2 million and $2.9 million, respectively. Depreciation expense for the nine months ended December 28, 2019 and December 29, 2018 was $9.8 million and $8.2 million, respectively. The components of property, plant, and equipment were as follows: (Dollars in thousands) December 28, 2019 March 30, 2019 Land and improvements $ 35,615 $ 34,264 Buildings and improvements 87,072 83,973 Machinery and equipment 49,288 42,476 Construction in progress 4,124 3,619 Property, plant, and equipment, at cost 176,099 164,332 Less: accumulated depreciation (65,155 ) (55,745 ) Property, plant, and equipment, net $ 110,944 $ 108,587

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Dec. 28, 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 December 28, 2019 and March 30, 2019, the Company had goodwill of $173.5 million and $173.4 million, respectively. The change from March 30, 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) December 28, 2019 March 30, 2019 Customer Relationships Trade Names Total Customer Relationships Trade Names Total Gross carrying amount $ 48,743 $ 13,220 $ 61,963 $ 48,782 $ 13,173 $ 61,955 Accumulated amortization (12,407 ) (4,842 ) (17,249 ) (9,052 ) (3,967 ) (13,019 ) Amortizable intangibles, net $ 36,336 $ 8,378 $ 44,714 $ 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 December 28, 2019 and December 29, 2018, amortization of intangible assets was $1.4 million and $1.6 million, respectively. During the nine months ended December 28, 2019 and December 29, 2018, amortization of intangible assets was $4.1 million and $3.3 million, respectively.

Other Current Liabilities

Other Current Liabilities	9 Months Ended
	Dec. 28, 2019
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	6 . The components of other current liabilities were as follows: (Dollars in thousands) December 28, 2019 March 30, 2019 Customer deposits $ 19,947 $ 27,873 Accrued volume rebates 20,766 21,020 Accrued warranty obligations 20,035 17,886 Accrued compensation and payroll taxes 24,431 32,075 Accrued insurance 15,674 16,245 Other 17,750 14,462 Total other current liabilities $ 118,603 $ 129,561

Accrued Warranty Obligations

Accrued Warranty Obligations	9 Months Ended
	Dec. 28, 2019
Guarantees And Product Warranties [Abstract]
Accrued Warranty Obligations	7 . Changes in the accrued warranty obligations were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) December 28, 2019 December 29, 2018 December 28, 2019 December 29, 2018 Balance at the beginning of the period $ 24,437 $ 22,871 $ 23,346 $ 15,430 Warranty assumed in the Exchange — — — 6,259 Warranty expense 9,727 9,167 28,060 25,834 Cash warranty payments (9,169 ) (8,972 ) (26,411 ) (24,457 ) Balance at end of period 24,995 23,066 24,995 23,066 Less: noncurrent portion in other long-term liabilities (4,960 ) (5,700 ) (4,960 ) (5,700 ) Total current portion $ 20,035 $ 17,366 $ 20,035 $ 17,366

Debt and Floor Plan Payable

Debt and Floor Plan Payable	9 Months Ended
	Dec. 28, 2019
Debt Disclosure [Abstract]
Debt and Floor Plan Payable	8 . Long-term debt consisted of the following: (Dollars in thousands) December 28, 2019 March 30, 2019 Revolving credit facility maturing in 2023 $ 26,900 $ 41,900 Obligations under industrial revenue bonds due 2029 12,430 12,430 Total debt 39,330 54,330 Less: current portion — — Total long-term debt $ 39,330 $ 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 and nine months ended December 28, 2019, the Company repaid $5.0 million and $15.0 million, respectively, 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 on borrowings 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 December 28, 2019 the interest rate on borrowings under the Credit Agreement was 3.2%. At December 28, 2019, letters of credit issued under the Credit Agreement totaled $28.7 million. Total available borrowings under the Credit Agreement as of December 28, 2019 were $44.4 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 December 28, 2019, including related costs and fees, was 3.78%. 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 December 28, 2019. Floor Plan Payable The Company’s retail operations utilize floor plan financing to fund the purchase of manufactured homes for display or resale. At December 28, 2019 and March 30, 2019, the Company had outstanding borrowings on floor plan financing agreements of $32.4 million and $33.3 million, respectively. Total credit line capacity provided under the agreements was $48.0 million as of December 28, 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	9 Months Ended
	Dec. 28, 2019
Revenue From Contract With Customer [Abstract]
Revenue Recognition	9 . The following tables disaggregate the Company’s revenue by sales category for the three and nine months ended December 28, 2019 and December 29, 2018: Three Months Ended December 28, 2019 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-Built Housing Corporate/ Other Total Manufacturing and retail $ 304,568 $ 22,809 $ — $ 327,377 Commercial 250 — — 250 Transportation — — 14,612 14,612 Total $ 304,818 $ 22,809 $ 14,612 $ 342,239 Nine Months Ended December 28, 2019 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-Built Housing Corporate/ Other Total Manufacturing and retail $ 944,472 $ 72,916 $ — $ 1,017,388 Commercial 4,781 — — 4,781 Transportation — — 46,416 46,416 Total $ 949,253 $ 72,916 $ 46,416 $ 1,068,585 Three Months Ended December 29, 2018 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-Built Housing Corporate/ Other Total Manufacturing and retail $ 308,013 $ 27,130 $ — $ 335,143 Commercial 1,505 — — 1,505 Transportation — — 18,023 18,023 Total $ 309,518 $ 27,130 $ 18,023 $ 354,671 Nine Months Ended December 29, 2018 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-Built Housing Corporate/ Other Total Manufacturing and retail $ 870,816 $ 79,885 $ — $ 950,701 Commercial 11,441 — — 11,441 Transportation — — 70,226 70,226 Total $ 882,257 $ 79,885 $ 70,226 $ 1,032,368

Leases

Leases	9 Months Ended
	Dec. 28, 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 December 28, 2019 Nine Months Ended December 28, 2019 Operating lease expense $ 1,359 $ 4,234 Short-term lease expense 402 1,005 Total lease expense $ 1,761 $ 5,239 Operating lease assets and obligations included in the accompanying condensed consolidated balance sheet are shown below: (Dollars in thousands) December 28, 2019 Right-of-use assets under operating leases: Other long-term assets $ 11,616 Lease obligations under operating leases: Other current liabilities 3,826 Other long-term liabilities 7,790 Total lease obligation $ 11,616 Maturities of lease obligations as of December 28, 2019, are shown below: (Dollars in thousands) December 28, 2019 Fiscal 2020 (1) $ 1,133 Fiscal 2021 4,155 Fiscal 2022 3,090 Fiscal 2023 2,234 Fiscal 2024 912 Thereafter 2,214 Total undiscounted cash flows 13,738 Less: imputed interest (2,122 ) Lease obligations under operating leases $ 11,616 (1) For remaining period The weighted average lease term and discount rate for operating leases are shown below: December 28, 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) Nine Months Ended December 28, 2019 Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 1,711 Operating cash flows: Cash paid related to operating lease obligations $ 4,262

Income Taxes

Income Taxes	9 Months Ended
	Dec. 28, 2019
Income Tax Disclosure [Abstract]
Income Taxes	1 1 . For the three months ended December 28, 2019 and December 29, 2018, the Company recorded $6.3 million and $4.4 million of income tax expense and had an effective tax rate of 27.0% and 29.7%, respectively. For the nine months ended December 28, 2019 and December 29, 2018, the Company recorded $20.5 million and $13.7 million of income tax expense and had an effective tax rate of 28.2% and (25.5%), respectively. The change in the effective tax rate for the three and nine months ended December 28, 2019, compared with the same respective periods of the prior year, was primarily due to costs related to the Exchange including non-deductible equity-based compensation for which no tax benefit could be recognized. The Company’s effective tax rate for the three and nine months ended December 28, 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 and nine months ended December 29, 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 nine months ended December 28, 2019, the Company’s uncertain tax position did not change. During the nine months ended December 29, 2018, the Company’s uncertain tax position decreased by $0.7 million due to expiration of certain statutes of limitations. The Company estimates a $0.6 million decrease to uncertain tax benefits in the next twelve months due to the expiration of statutes of limitations. 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	9 Months Ended
	Dec. 28, 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 and nine months ended December 28, 2019 and the three months ended December 29, 2018, the two-class method was more dilutive. The two-class method was not applicable to the computation for the nine months ended December 29, 2018 given the net loss recorded for that period. 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 Nine Months Ended (Dollars and shares in thousands, except per share data) December 28, 2019 December 29, 2018 December 28, 2019 December 29, 2018 Numerator: Net income (loss) $ 17,037 $ 10,513 $ 52,162 $ (67,365 ) Undistributed earnings allocated to participating securities (44 ) (86 ) (196 ) — Net income (loss) attributable to the Company's common shareholders $ 16,993 $ 10,427 $ 51,966 $ (67,365 ) Denominator: Basic weighted average shares outstanding 56,521 56,249 56,457 52,595 Dilutive securities 267 — 248 — Diluted weighted average shares outstanding 56,788 56,249 56,705 52,595 Basic net income (loss) per share $ 0.30 $ 0.19 $ 0.92 $ (1.28 ) Diluted net income (loss) per share $ 0.30 $ 0.19 $ 0.92 $ (1.28 )

Transactions with Related Parti

Transactions with Related Parties	9 Months Ended
	Dec. 28, 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 fiscal 2019, 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	9 Months Ended
	Dec. 28, 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 Nine Months Ended (Dollars in thousands) December 28, 2019 December 29, 2018 December 28, 2019 December 29, 2018 Net sales: U.S. Factory-built Housing $ 304,818 $ 309,518 $ 949,253 $ 882,257 Canadian Factory-built Housing 22,809 27,130 72,916 79,885 Corporate/Other 14,612 18,023 46,416 70,226 Consolidated net sales $ 342,239 $ 354,671 $ 1,068,585 $ 1,032,368 Operating income: U.S. Factory-built Housing EBITDA $ 33,165 $ 30,637 $ 104,624 $ 80,240 Canadian Factory-built Housing EBITDA 1,786 2,569 9,085 9,123 Corporate/Other EBITDA (6,771 ) (12,741 ) (26,177 ) (120,937 ) Depreciation (3,171 ) (2,944 ) (9,826 ) (8,219 ) Amortization (1,345 ) (1,633 ) (4,069 ) (3,316 ) Consolidated operating income (loss) $ 23,664 $ 15,888 $ 73,637 $ (43,109 ) Depreciation: U.S. Factory-built Housing $ 2,659 $ 2,486 $ 8,365 $ 6,946 Canadian Factory-built Housing 255 237 744 695 Corporate/Other 257 221 717 578 Consolidated depreciation $ 3,171 $ 2,944 $ 9,826 $ 8,219 Amortization of intangible assets: U.S. Factory-built Housing $ 1,345 $ 1,572 $ 4,069 $ 3,134 Canadian Factory-built Housing — 61 — 182 Corporate/Other — — — — Consolidated amortization of intangible assets $ 1,345 $ 1,633 $ 4,069 $ 3,316 Capital expenditures: U.S. Factory-built Housing $ 1,981 $ 1,463 $ 9,483 $ 4,919 Canadian Factory-built Housing 414 158 842 572 Corporate/Other 306 1,322 1,785 2,136 Consolidated capital expenditures $ 2,701 $ 2,943 $ 12,110 $ 7,627 (Dollars in thousands) December 28, 2019 March 30, 2019 Total Assets: U.S. Factory-built Housing (1) $ 474,427 $ 488,878 Canadian Factory-built Housing (1) 62,430 59,260 Corporate/Other (1) 187,621 151,816 Consolidated total assets $ 724,478 $ 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	9 Months Ended
	Dec. 28, 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 December 28, 2019 and $1.0 million at March 30, 2019. Excluding the resale value of the homes, the contingent repurchase obligation as of December 28, 2019 was estimated to be approximately $ million. Losses incurred on homes repurchased were immaterial during each of the three and nine months ended December 28, 2019 and December 29, 2018 . In addition to the repurchase agreements, the Company has agreed to guarantee a portion of certain retailers’ outstanding loans to a floor plan lender. At December 28, 2019, those guarantees totaled $0.6 million, all of which was outstanding at the end of the period. At December 28, 2019, the Company was contingently obligated for approximately $28.7 million under letters of credit, primarily consisting of $12.7 million to support long-term debt, $15.7 million to support the casualty insurance program, 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 $24.2 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)	9 Months Ended
	Dec. 28, 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)	9 Months Ended
	Dec. 28, 2019
Business Combinations [Abstract]
Schedule of Purchase Price Allocation on Assets and Liabilities	The purchase price was allocated as follows: (Dollars in thousands) Allocation 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
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: Nine Months Ended December 29, 2018 (Dollars in thousands) Reported Pro forma Net sales $ 1,032,368 $ 1,078,172 Net loss (67,365 ) (52,256 )

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Dec. 28, 2019
Inventory Disclosure [Abstract]
Summary of Components of Inventory, Net of Reserves for Obsolete Inventory	The components of inventory, net of reserves for obsolete inventory, were as follows: (Dollars in thousands) December 28, 2019 March 30, 2019 Raw materials $ 49,242 $ 48,531 Work in process 15,235 13,973 Finished goods and other 43,461 60,134 Total inventories $ 107,938 $ 122,638

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	9 Months Ended
	Dec. 28, 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) December 28, 2019 March 30, 2019 Land and improvements $ 35,615 $ 34,264 Buildings and improvements 87,072 83,973 Machinery and equipment 49,288 42,476 Construction in progress 4,124 3,619 Property, plant, and equipment, at cost 176,099 164,332 Less: accumulated depreciation (65,155 ) (55,745 ) Property, plant, and equipment, net $ 110,944 $ 108,587

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Dec. 28, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Components of Amortizable Intangible Assets	The components of amortizable intangible assets were as follows: (Dollars in thousands) December 28, 2019 March 30, 2019 Customer Relationships Trade Names Total Customer Relationships Trade Names Total Gross carrying amount $ 48,743 $ 13,220 $ 61,963 $ 48,782 $ 13,173 $ 61,955 Accumulated amortization (12,407 ) (4,842 ) (17,249 ) (9,052 ) (3,967 ) (13,019 ) Amortizable intangibles, net $ 36,336 $ 8,378 $ 44,714 $ 39,730 $ 9,206 $ 48,936

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	9 Months Ended
	Dec. 28, 2019
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	The components of other current liabilities were as follows: (Dollars in thousands) December 28, 2019 March 30, 2019 Customer deposits $ 19,947 $ 27,873 Accrued volume rebates 20,766 21,020 Accrued warranty obligations 20,035 17,886 Accrued compensation and payroll taxes 24,431 32,075 Accrued insurance 15,674 16,245 Other 17,750 14,462 Total other current liabilities $ 118,603 $ 129,561

Accrued Warranty Obligations (T

Accrued Warranty Obligations (Tables)	9 Months Ended
	Dec. 28, 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 Nine Months Ended (Dollars in thousands) December 28, 2019 December 29, 2018 December 28, 2019 December 29, 2018 Balance at the beginning of the period $ 24,437 $ 22,871 $ 23,346 $ 15,430 Warranty assumed in the Exchange — — — 6,259 Warranty expense 9,727 9,167 28,060 25,834 Cash warranty payments (9,169 ) (8,972 ) (26,411 ) (24,457 ) Balance at end of period 24,995 23,066 24,995 23,066 Less: noncurrent portion in other long-term liabilities (4,960 ) (5,700 ) (4,960 ) (5,700 ) Total current portion $ 20,035 $ 17,366 $ 20,035 $ 17,366

Debt and Floor Plan Payable (Ta

Debt and Floor Plan Payable (Tables)	9 Months Ended
	Dec. 28, 2019
Debt Disclosure [Abstract]
Summary of Long Term Debt	Long-term debt consisted of the following: (Dollars in thousands) December 28, 2019 March 30, 2019 Revolving credit facility maturing in 2023 $ 26,900 $ 41,900 Obligations under industrial revenue bonds due 2029 12,430 12,430 Total debt 39,330 54,330 Less: current portion — — Total long-term debt $ 39,330 $ 54,330

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Dec. 28, 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 and nine months ended December 28, 2019 and December 29, 2018: Three Months Ended December 28, 2019 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-Built Housing Corporate/ Other Total Manufacturing and retail $ 304,568 $ 22,809 $ — $ 327,377 Commercial 250 — — 250 Transportation — — 14,612 14,612 Total $ 304,818 $ 22,809 $ 14,612 $ 342,239 Nine Months Ended December 28, 2019 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-Built Housing Corporate/ Other Total Manufacturing and retail $ 944,472 $ 72,916 $ — $ 1,017,388 Commercial 4,781 — — 4,781 Transportation — — 46,416 46,416 Total $ 949,253 $ 72,916 $ 46,416 $ 1,068,585 Three Months Ended December 29, 2018 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-Built Housing Corporate/ Other Total Manufacturing and retail $ 308,013 $ 27,130 $ — $ 335,143 Commercial 1,505 — — 1,505 Transportation — — 18,023 18,023 Total $ 309,518 $ 27,130 $ 18,023 $ 354,671 Nine Months Ended December 29, 2018 (Dollars in thousands) U.S. Factory-Built Housing Canadian Factory-Built Housing Corporate/ Other Total Manufacturing and retail $ 870,816 $ 79,885 $ — $ 950,701 Commercial 11,441 — — 11,441 Transportation — — 70,226 70,226 Total $ 882,257 $ 79,885 $ 70,226 $ 1,032,368

Leases (Tables)

Leases (Tables)	9 Months Ended
	Dec. 28, 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 December 28, 2019 Nine Months Ended December 28, 2019 Operating lease expense $ 1,359 $ 4,234 Short-term lease expense 402 1,005 Total lease expense $ 1,761 $ 5,239
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) December 28, 2019 Right-of-use assets under operating leases: Other long-term assets $ 11,616 Lease obligations under operating leases: Other current liabilities 3,826 Other long-term liabilities 7,790 Total lease obligation $ 11,616
Summary of Maturities of Lease Obligations	Maturities of lease obligations as of December 28, 2019, are shown below: (Dollars in thousands) December 28, 2019 Fiscal 2020 (1) $ 1,133 Fiscal 2021 4,155 Fiscal 2022 3,090 Fiscal 2023 2,234 Fiscal 2024 912 Thereafter 2,214 Total undiscounted cash flows 13,738 Less: imputed interest (2,122 ) Lease obligations under operating leases $ 11,616 (1) For remaining period
Schedule of Weighted Average Remaining Lease Term and Discount Rate	The weighted average lease term and discount rate for operating leases are shown below: December 28, 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) Nine Months Ended December 28, 2019 Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 1,711 Operating cash flows: Cash paid related to operating lease obligations $ 4,262

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Dec. 28, 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 Nine Months Ended (Dollars and shares in thousands, except per share data) December 28, 2019 December 29, 2018 December 28, 2019 December 29, 2018 Numerator: Net income (loss) $ 17,037 $ 10,513 $ 52,162 $ (67,365 ) Undistributed earnings allocated to participating securities (44 ) (86 ) (196 ) — Net income (loss) attributable to the Company's common shareholders $ 16,993 $ 10,427 $ 51,966 $ (67,365 ) Denominator: Basic weighted average shares outstanding 56,521 56,249 56,457 52,595 Dilutive securities 267 — 248 — Diluted weighted average shares outstanding 56,788 56,249 56,705 52,595 Basic net income (loss) per share $ 0.30 $ 0.19 $ 0.92 $ (1.28 ) Diluted net income (loss) per share $ 0.30 $ 0.19 $ 0.92 $ (1.28 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Dec. 28, 2019
Segment Reporting [Abstract]
Schedule of Financial Information by Reportable Segments	Selected financial information by reportable segment was as follows: Three Months Ended Nine Months Ended (Dollars in thousands) December 28, 2019 December 29, 2018 December 28, 2019 December 29, 2018 Net sales: U.S. Factory-built Housing $ 304,818 $ 309,518 $ 949,253 $ 882,257 Canadian Factory-built Housing 22,809 27,130 72,916 79,885 Corporate/Other 14,612 18,023 46,416 70,226 Consolidated net sales $ 342,239 $ 354,671 $ 1,068,585 $ 1,032,368 Operating income: U.S. Factory-built Housing EBITDA $ 33,165 $ 30,637 $ 104,624 $ 80,240 Canadian Factory-built Housing EBITDA 1,786 2,569 9,085 9,123 Corporate/Other EBITDA (6,771 ) (12,741 ) (26,177 ) (120,937 ) Depreciation (3,171 ) (2,944 ) (9,826 ) (8,219 ) Amortization (1,345 ) (1,633 ) (4,069 ) (3,316 ) Consolidated operating income (loss) $ 23,664 $ 15,888 $ 73,637 $ (43,109 ) Depreciation: U.S. Factory-built Housing $ 2,659 $ 2,486 $ 8,365 $ 6,946 Canadian Factory-built Housing 255 237 744 695 Corporate/Other 257 221 717 578 Consolidated depreciation $ 3,171 $ 2,944 $ 9,826 $ 8,219 Amortization of intangible assets: U.S. Factory-built Housing $ 1,345 $ 1,572 $ 4,069 $ 3,134 Canadian Factory-built Housing — 61 — 182 Corporate/Other — — — — Consolidated amortization of intangible assets $ 1,345 $ 1,633 $ 4,069 $ 3,316 Capital expenditures: U.S. Factory-built Housing $ 1,981 $ 1,463 $ 9,483 $ 4,919 Canadian Factory-built Housing 414 158 842 572 Corporate/Other 306 1,322 1,785 2,136 Consolidated capital expenditures $ 2,701 $ 2,943 $ 12,110 $ 7,627 (Dollars in thousands) December 28, 2019 March 30, 2019 Total Assets: U.S. Factory-built Housing (1) $ 474,427 $ 488,878 Canadian Factory-built Housing (1) 62,430 59,260 Corporate/Other (1) 187,621 151,816 Consolidated total assets $ 724,478 $ 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	9 Months Ended
	Dec. 28, 2019USD ($)FacilityCentershares	Mar. 31, 2019USD ($)	Mar. 30, 2019shares	Jan. 05, 2018shares
Organization And Business Operations [Line Items]
Common stock, shares issued | shares	56,666,000		56,657,000
Operating lease, right-of-use asset	$ 11,616
Operating lease, liability	$ 11,616
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				9 Months Ended
	Dec. 28, 2019	Jun. 29, 2019	Dec. 29, 2018	Jun. 30, 2018	Dec. 28, 2019	Dec. 29, 2018	Mar. 30, 2019	Jun. 01, 2018
Business Acquisition [Line Items]
Common stock closing price								$ 33.39
Estimated weighted average useful lives					10 years
Proceeds from sale of property	$ 1,100,000				$ 44,000	$ 17,000
Deferred tax assets, net	27,300,000				27,300,000
Deferred tax liabilities	20,300,000				20,300,000
Net sales	342,239,000		$ 354,671,000		1,068,585,000	1,032,368,000
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		0	6,900,000
Skyco, LLC [Member] | Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Equity-based compensation expenses related to former Skyline employees				$ 6,000,000	0
Skyline Corporation [Member]
Business Acquisition [Line Items]
Assets held for sale								$ 2,086,000
Deferred tax assets, net								$ 7,034,000
Net sales			$ 63,200,000			$ 153,300,000
Skyline Corporation [Member] | Assets Classified as Held For Sale [Member]
Business Acquisition [Line Items]
Property classified as other current assets	2,100,000				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				40,200,000
Intangible assets, fair value	$ 52,100,000				$ 52,100,000
Property, plant and equipment, impairment loss		$ 1,000,000
Assets held for sale							$ 2,100,000

Business Combination - Schedule

Business Combination - Schedule of Purchase Price Allocation on Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Jun. 01, 2018
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

Business Combination - Summary

Business Combination - Summary of Results of Operation as Reported and Proforma Basis (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net [Abstract]
Net sale, Reported	$ 342,239	$ 354,671	$ 1,068,585	$ 1,032,368
Net loss, Reported				(67,365)
Net sale, Proforma				1,078,172
Net loss, Proforma				$ (52,256)

Inventories - Summary of Compon

Inventories - Summary of Components of Inventory, Net of Reserves for Obsolete Inventory (Detail) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 49,242	$ 48,531
Work in process	15,235	13,973
Finished goods and other	43,461	60,134
Total inventories	$ 107,938	$ 122,638

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Millions	Dec. 28, 2019	Mar. 30, 2019
Inventory Disclosure [Abstract]
Reserves for obsolete inventory	$ 4.5	$ 4.1

Property Plant, and Equipment -

Property Plant, and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 3,171	$ 2,944	$ 9,826	$ 8,219
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	Dec. 28, 2019	Mar. 30, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 176,099	$ 164,332
Less: accumulated depreciation	(65,155)	(55,745)
Property, plant, and equipment, net	110,944	108,587
Land and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	35,615	34,264
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	87,072	83,973
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	49,288	42,476
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 4,124	$ 3,619

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018	Mar. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	$ 173,521		$ 173,521		$ 173,406
Finite-lived intangibles, customer relationships	43,100		43,100
Finite-lived intangibles, trade names	9,000		9,000
Amortization expense	$ 1,400	$ 1,600	$ 4,069	$ 3,316

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Components of Amortizable Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 61,963	$ 61,955
Accumulated amortization	(17,249)	(13,019)
Amortizable intangibles, net	44,714	48,936
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	48,743	48,782
Accumulated amortization	(12,407)	(9,052)
Amortizable intangibles, net	36,336	39,730
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	13,220	13,173
Accumulated amortization	(4,842)	(3,967)
Amortizable intangibles, net	$ 8,378	$ 9,206

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Detail) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Other Liabilities Disclosure [Abstract]
Customer deposits	$ 19,947	$ 27,873
Accrued volume rebates	20,766	21,020
Accrued warranty obligations	20,035	17,886	$ 17,366
Accrued compensation and payroll taxes	24,431	32,075
Accrued insurance	15,674	16,245
Other	17,750	14,462
Total other current liabilities	$ 118,603	$ 129,561

Accrued Warranty Obligations -

Accrued Warranty Obligations - Summary of Changes in Accrued Product Warranty Obligations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018	Mar. 30, 2019
Guarantees And Product Warranties [Abstract]
Balance at the beginning of the period	$ 24,437	$ 22,871	$ 23,346	$ 15,430
Warranty assumed in the Exchange				6,259
Warranty expense	9,727	9,167	28,060	25,834
Cash warranty payments	(9,169)	(8,972)	(26,411)	(24,457)
Balance at end of period	24,995	23,066	24,995	23,066
Less: noncurrent portion in other long-term liabilities	(4,960)	(5,700)	(4,960)	(5,700)
Total current portion	$ 20,035	$ 17,366	$ 20,035	$ 17,366	$ 17,886

Debt and Floor Plan Payable - S

Debt and Floor Plan Payable - Summary of Long Term Debt (Detail) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019
Debt Instrument [Line Items]
Total debt	$ 39,330	$ 54,330
Total long-term debt	39,330	54,330
Revolving Credit Facility Maturing in 2023 [Member]
Debt Instrument [Line Items]
Total debt	26,900	41,900
Obligations Under Industrial Revenue Bonds Due 2029 [Member]
Debt Instrument [Line Items]
Total debt	$ 12,430	$ 12,430

Debt and Floor Plan Payable - A

Debt and Floor Plan Payable - Additional Information (Detail)	Jun. 05, 2018USD ($)	Dec. 28, 2019USD ($)	Dec. 28, 2019USD ($)	Mar. 30, 2019USD ($)
Obligations Under Industrial Revenue Bonds Due 2029 [Member]
Debt Instrument [Line Items]
Weighted-average interest rate		3.78%	3.78%	3.62%
Industrial revenue bonds maturity			2029
Floor Plan Financing Arrangements [Member]
Debt Instrument [Line Items]
Available borrowings under Credit Agreement		$ 48,000,000	$ 48,000,000
Outstanding borrowings		$ 32,400,000	$ 32,400,000	$ 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	2
Revolving credit facility maturity date			Jun. 5, 2023
Interest rate on borrowings			3.20%
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	$ 15,000,000
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		28,700,000	$ 28,700,000
Available borrowings under Credit Agreement		$ 44,400,000	$ 44,400,000
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		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	$ 342,239	$ 354,671	$ 1,068,585	$ 1,032,368
Manufacturing and Retail [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	327,377	335,143	1,017,388	950,701
Commercial [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	250	1,505	4,781	11,441
Transportation [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	14,612	18,023	46,416	70,226
U.S Factory-built Housing [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	304,818	309,518	949,253	882,257
U.S Factory-built Housing [Member] | Manufacturing and Retail [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	304,568	308,013	944,472	870,816
U.S Factory-built Housing [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	250	1,505	4,781	11,441
Canadian Factory-built Housing [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	22,809	27,130	72,916	79,885
Canadian Factory-built Housing [Member] | Manufacturing and Retail [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	22,809	27,130	72,916	79,885
Corporate Other [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	14,612	18,023	46,416	70,226
Corporate Other [Member] | Transportation [Member]
Disaggregation of Revenue [Line Items]
Consolidated Net Sales	$ 14,612	$ 18,023	$ 46,416	$ 70,226

Leases - Summary of Lease Expen

Leases - Summary of Lease Expense Included in Condensed Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 28, 2019	Dec. 28, 2019
Lease Cost [Abstract]
Operating lease expense	$ 1,359	$ 4,234
Short-term lease expense	402	1,005
Total lease expense	$ 1,761	$ 5,239

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Assets Included in Condensed Consolidated Balance Sheet (Detail) $ in Thousands	Dec. 28, 2019USD ($)
Leases [Abstract]
Operating lease, right-of-use asset	$ 11,616
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent
Other current liabilities	$ 3,826
Other long-term liabilities	7,790
Total lease obligation	$ 11,616

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Obligations (Detail) $ in Thousands	Dec. 28, 2019USD ($)
Operating Lease Liabilities Payments Due [Abstract]
Fiscal 2020	$ 1,133
Fiscal 2021	4,155
Fiscal 2022	3,090
Fiscal 2023	2,234
Fiscal 2024	912
Thereafter	2,214
Total undiscounted cash flows	13,738
Less: imputed interest	(2,122)
Lease obligations under operating leases	$ 11,616

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rate (Detail)	Dec. 28, 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	9 Months Ended
	Dec. 28, 2019USD ($)
Leases [Abstract]
Right-of-use assets obtained in exchange for operating lease obligations	$ 1,711
Cash paid related to operating lease obligations	$ 4,262

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 6,299	$ 4,437	$ 20,456	$ 13,699
Effective tax rate	27.00%	29.70%	28.20%	(25.50%)
Statutory federal income tax rate	21.00%		21.00%
Change in uncertain tax positions				$ (700)
Decrease to uncertain tax benefits in next twelve months			$ 600

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		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Numerator:
Net income (loss)	$ 17,037	$ 10,513	$ 52,162	$ (67,365)
Undistributed earnings allocated to participating securities	(44)	(86)	(196)
Net income (loss) attributable to the Company's common shareholders	$ 16,993	$ 10,427	$ 51,966	$ (67,365)
Denominator:
Basic weighted average shares outstanding	56,521	56,249	56,457	52,595
Dilutive securities	267		248
Diluted weighted average shares outstanding	56,788	56,249	56,705	52,595
Basic net income (loss) per share	$ 0.30	$ 0.19	$ 0.92	$ (1.28)
Diluted net income (loss) per share	$ 0.30	$ 0.19	$ 0.92	$ (1.28)

Transactions with Related Par_2

Transactions with Related Parties - Additional Information (Detail) $ in Millions	12 Months Ended
	Mar. 30, 2019USD ($)
Management Advisory [Member] | Services Agreement [Member]
Related Party Transaction [Line Items]
Annual management fee	$ 0.3

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Dec. 28, 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		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018	Mar. 30, 2019
Segment Reporting Information [Line Items]
Net sales	$ 342,239	$ 354,671	$ 1,068,585	$ 1,032,368
Operating income (loss)	23,664	15,888	73,637	(43,109)
Depreciation	3,171	2,944	9,826	8,219
Amortization	(1,345)	(1,633)	(4,069)	(3,316)
Amortization of intangible assets	1,400	1,600	4,069	3,316
Assets	724,478		724,478		$ 699,954
U.S Factory-built Housing [Member]
Segment Reporting Information [Line Items]
Net sales	304,818	309,518	949,253	882,257
Canadian Factory-built Housing [Member]
Segment Reporting Information [Line Items]
Net sales	22,809	27,130	72,916	79,885
Operating Segments [Member] | U.S Factory-built Housing [Member]
Segment Reporting Information [Line Items]
Net sales	304,818	309,518	949,253	882,257
Operating income (loss)	33,165	30,637	104,624	80,240
Depreciation	2,659	2,486	8,365	6,946
Amortization of intangible assets	1,345	1,572	4,069	3,134
Capital expenditures	1,981	1,463	9,483	4,919
Assets	474,427		474,427		488,878
Operating Segments [Member] | Canadian Factory-built Housing [Member]
Segment Reporting Information [Line Items]
Net sales	22,809	27,130	72,916	79,885
Operating income (loss)	1,786	2,569	9,085	9,123
Depreciation	255	237	744	695
Amortization of intangible assets		61		182
Capital expenditures	414	158	842	572
Assets	62,430		62,430		59,260
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Net sales	14,612	18,023	46,416	70,226
Operating income (loss)	(6,771)	(12,741)	(26,177)	(120,937)
Depreciation	257	221	717	578
Capital expenditures	306	1,322	1,785	2,136
Assets	187,621		187,621		151,816
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Net sales	342,239	354,671	1,068,585	1,032,368
Operating income (loss)	23,664	15,888	73,637	(43,109)
Depreciation	3,171	2,944	9,826	8,219
Amortization of intangible assets	1,345	1,633	4,069	3,316
Capital expenditures	2,701	$ 2,943	12,110	$ 7,627
Assets	$ 724,478		$ 724,478		$ 699,954

Commitments, Contingencies an_2

Commitments, Contingencies and Legal Proceedings - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018	Mar. 30, 2019
Commitment And Contingencies [Line Items]
Reserve for estimated losses under repurchase agreements	$ 900,000		$ 900,000		$ 1,000,000
Losses under repurchase obligations	147,900,000	$ 147,900,000	147,900,000	$ 147,900,000
Guarantee outstanding	600,000		$ 600,000
Guarantee obligations term			12 years
Letters of Credit [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	28,700,000		$ 28,700,000
Long-term Debt [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	12,700,000		12,700,000
Casualty Insurance Program [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	15,700,000		15,700,000
Bonding Agreements [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	300,000		300,000
Surety Bond [Member]
Commitment And Contingencies [Line Items]
Contingent obligation	$ 24,200,000		$ 24,200,000