Company: CVCO
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000278166-25-000128
Chunk: 47

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 47
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01"). ASU 2024-03 requires additional disclosure of the nature of expenses included in the income statement as well as disclosures about specific types of expenses included in the expense captions presented in the income statement. ASU 2024-03, as clarified by ASU 2025-01, is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Both early adoption and retrospective application are permitted. The Company is currently evaluating the impact that the adoption of these standards will have on its Consolidated Financial Statements.

3. Revenue from Contracts with Customers

The following table summarizes Net revenue disaggregated by reportable segment and source (in thousands):Three Months Ended June 28,2025June 29,2024Factory-built housing     Home sales$509,736 $436,429      Delivery, setup and other revenues25,958 21,619 535,694 458,048 Financial services     Insurance agency commissions received from third-party insurance companies1,410 1,406      All other sources19,753 18,145 21,163 19,551 $556,857 $477,599 

4. Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of Cash and cash equivalents and Restricted cash reported within the Consolidated Balance Sheets to the combined amounts shown in the Consolidated Statements of Cash Flows (in thousands):June 28,2025March 29,2025Cash and cash equivalents$344,626 $356,225 Restricted cash, current23,213 18,535 Restricted cash585 585 $368,424 $375,345 

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5. Investments

Investments consisted of the following (in thousands):June 28,2025March 29,2025Available-for-sale debt securities$20,359 $21,415 Marketable equity securities11,805 11,425 Non-marketable equity investments5,019 5,069 37,183 37,909 Less short-term investments(17,821)(19,842)$19,362 $18,067 The amortized cost and fair value of our investments in available-for-sale debt securities, by security type, are shown in the table below (in thousands):June 28, 2025March 29, 2025Amort