Company: CVCO
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047849
Chunk: 33

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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Common stock repurchases— — (44,509)— — — (44,509)Balance, September 28, 20249,417,332 $94 $(348,406)$284,995 $1,105,371 $(77)$1,041,977 

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 EndedSix Months EndedSeptember 27,2025September 28,2024September 27,2025September 28,2024Net income$52,381 $43,815 $104,023 $78,244 Weighted average shares outstandingBasic7,909,326 8,226,298 7,931,589 8,256,664 Effect of dilutive securities83,419 79,028 93,131 81,007 Diluted7,992,745 8,305,326 8,024,720 8,337,671 Net income per share Basic$6.62 $5.33 $13.12 $9.48 Diluted$6.55 $5.28 $12.96 $9.38 Anti-dilutive common stock equivalents excluded— 257 264 428 

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17. Fair Value Measurements

The book value and estimated fair value of our financial instruments were as follows (in thousands):September 27, 2025March 29, 2025BookValueEstimatedFair ValueBookValueEstimatedFair ValueAvailable-for-sale debt securities$23,197 $23,197 $21,415 $21,415 Marketable equity securities12,859 12,859 11,425 11,425 Non-marketable equity investments5,150 5,150 5,069 5,069 Consumer loans receivable52,883 54,402 56,537 59,365 Commercial loans receivable107,445 97,352 99,746 89,216 Other secured financing(1,535)(1,534)(1,594)(1,569)See Note 20, Fair Value Measurements, and the Fair Value of Financial Instruments caption in Note 1, Summary of Significant Accounting Policies, in the Form 10-K for more information on the methodologies we use