Company: CVCO
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000278166-25-000128
Chunk: 33

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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— — (50,369)Balance, June 28, 20259,453,363 $95 $(474,993)$289,821 $1,249,805 $105 $1,064,833 Treasury stockAdditional paid-in capitalRetained earningsAccumulated other comprehensive (loss) incomeTotalCommon StockSharesAmountBalance, March 30, 20249,389,953 $94 $(274,693)$281,216 $1,027,127 $(333)$1,033,411 Net income— — — — 34,429 — 34,429 Other comprehensive income, net— — — — — 58 58 Net issuance of common stock under stock incentive plans11,104 — — (2,348)— — (2,348)Stock-based compensation— — — 2,194 — — 2,194 Common stock repurchases— — (29,204)— — — (29,204)Balance, June 29, 20249,401,057 $94 $(303,897)$281,062 $1,061,556 $(275)$1,038,540 

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16. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (dollars in thousands, except per share amounts):Three Months EndedJune 28,2025June 29,2024Net income$51,642 $34,429 Weighted average shares outstandingBasic7,953,720 8,286,476 Effect of dilutive securities87,288 85,778 Diluted8,041,008 8,372,254 Net income per share Basic$6.49 $4.15 Diluted$6.42 $4.11 Anti-dilutive common stock equivalents excluded602 257 

17. Fair Value Measurements

The book value and estimated fair value of our financial instruments were as follows (in thousands):June 28, 2025March 29, 2025BookValueEstimatedFair ValueBookValueEstimatedFair ValueAvailable-for-sale debt securities$20,359 $20,359 $21,415 $21,415 Marketable equity securities11,805 11,805 11,425