Consumer Loans Receivable (Tables)

6 Months Ended

Sep. 27, 2014

The following table summarizes consumer loans receivable (in thousands):



	September 27, 2014			March 29, 2014
Loans held for investment (acquired as part of the Palm Harbor transaction)	$	82,737		$	87,596
Loans held for investment (originated after the Palm Harbor transaction)	4,286			1,885
Loans held for sale	10,658			6,741
Construction advances	3,476			2,403
Consumer loans receivable	101,157			98,625
Deferred financing fees and other, net	(522		)	(341		)
Consumer loans receivable, net	$	100,635		$	98,284

Acquired Consumer Loans Receivable Held for Investment



	September 27, 2014			March 29, 2014
	(in thousands)
Consumer loans receivable held for investment – contractual amount	$	207,488		$	223,388
Purchase discount
Accretable	(75,301		)	(77,737		)
Non-accretable	(49,148		)	(57,672		)
Less consumer loans receivable reclassified as other assets	(302		)	(383		)
Total acquired consumer loans receivable held for investment, net	$	82,737		$	87,596

Accretable Yield Movement on Acquired Consumer Loans Receivable

The changes in accretable yield on acquired consumer loans receivable held for investment were as follows (in thousands):



	Three Months Ended						Six Months Ended
	September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
Balance at the beginning of the period	$	74,794		$	86,467		$	77,737		$	91,291
Accretion	(2,849		)	(3,048		)	(5,744		)	(6,164		)
Reclassifications from (to) non-accretable discount	3,356			398			3,308			(1,310		)
Balance at the end of the period	$	75,301		$	83,817		$	75,301		$	83,817

Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score

The following table disaggregates gross consumer loans receivable as of September 27, 2014, for each class by portfolio segment and credit quality indicator as of the time of origination (in thousands):



	Consumer Loans Held for Investment
	Securitized 2005		Securitized 2007		Unsecuritized		Construction Advances		Consumer Loans Held For Sale		Total
Asset Class
Credit Quality Indicator
Chattel loans
0-619	$	1,079	$	616	$	864	$	—	$	—	$	2,559
620-719	15,909		10,858		2,506		—		—		29,273
720+	17,818		11,742		1,652		—		—		31,212
Subtotal	34,806		23,216		5,022		—		—		63,044
Conforming mortgages
0-619	—		—		270		139		90		499
620-719	—		—		2,204		2,484		8,605		13,293
720+	—		—		10		853		1,963		2,826
Subtotal	—		—		2,484		3,476		10,658		16,618
Non-conforming mortgages
0-619	92		726		1,932		—		—		2,750
620-719	1,539		6,162		4,042		—		—		11,743
720+	1,879		3,978		1,130		—		—		6,987
Subtotal	3,510		10,866		7,104		—		—		21,480
Other loans
Subtotal	—		—		15		—		—		15
	$	38,316	$	34,082	$	14,625	$	3,476	$	10,658	$	101,157