Company: CVCO
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0000278166-25-000007
Chunk: 63

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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— — — — (974)Balance, September 30, 20239,356,421 94 (211,646)274,204 957,206 (603)1,019,255 — Net income— — — — 35,987 — 35,987 — Other comprehensive income, net— — — — — 241 241 — Net issuance of common stock under stock incentive plans24,726 — — 1,934 — — 1,934 — Stock-based compensation— — — 1,709 — — 1,709 — Common stock repurchases— — (50,426)— — — (50,426)— Balance, December 30, 20239,381,147 $94 $(262,072)$277,847 $993,193 $(362)$1,008,700 $— 

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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