Company: CVCO
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0000278166-25-000007
Chunk: 38

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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— — (50,426)— Balance, December 30, 20239,381,147 $94 $(262,072)$277,847 $993,193 $(362)$1,008,700 $— 

14

15. 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 EndedNine Months EndedDecember 28,2024December 30,2023December 28,2024December 30,2023Net income attributable to Cavco common stockholders$56,462 $35,987 $134,706 $123,883 Weighted average shares outstandingBasic8,096,538 8,358,389 8,203,448 8,561,209 Effect of dilutive securities90,276 74,082 88,199 79,079 Diluted8,186,814 8,432,471 8,291,647 8,640,288 Net income per share attributable to Cavco common stockholdersBasic$6.97 $4.31 $16.42 $14.47 Diluted$6.90 $4.27 $16.25 $14.34 Anti-dilutive common stock equivalents excluded— — 169 316 

16. Fair Value Measurements

The book value and estimated fair value of our financial instruments were as follows (in thousands):December 28, 2024March 30, 2024BookValueEstimatedFair ValueBookValueEstimatedFair ValueAvailable-for-sale debt securities$21,783 $21,783 $18,669 $18,669 Marketable equity securities7,434 7,434 11,961 11,961 Non-marketable equity investments5,132 5,132 4,956 4,956 Consumer loans receivable53,636 57,114 44,067 49,105 Commercial loans receivable94,353 79,664 91,041 80,764 Other secured financing(1,622)(1,536)(1,916)(1,841)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