Consumer Loans Receivable (Tables)

9 Months Ended

Dec. 26, 2015

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



	December 26, 2015			March 28, 2015
Loans held for investment (acquired on Palm Harbor Acquisition Date)	$	71,559		$	77,670
Loans held for investment (originated after Palm Harbor Acquisition Date)	6,909			5,005
Loans held for sale	8,365			11,903
Construction advances	6,413			4,076
Consumer loans receivable	93,246			98,654
Deferred financing fees and other, net	(949		)	(496		)
Consumer loans receivable, net	$	92,297		$	98,158

Acquired Consumer Loans Receivable Held for Investment



	December 26, 2015			March 28, 2015
	(in thousands)
Consumer loans receivable held for investment – contractual amount	$	173,942		$	192,523
Purchase discount
Accretable	(67,624		)	(73,202		)
Non-accretable	(34,418		)	(41,305		)
Less consumer loans receivable reclassified as other assets	(341		)	(346		)
Total acquired consumer loans receivable held for investment, net	$	71,559		$	77,670

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						Nine Months Ended
	December 26, 2015			December 27, 2014			December 26, 2015			December 27, 2014
Balance at the beginning of the period	$	70,450		$	75,301		$	73,202		$	77,737
Accretion	(2,692		)	(2,806		)	(8,128		)	(8,550		)
Reclassifications from non-accretable discount	(134		)	422			2,550			3,730
Balance at the end of the period	$	67,624		$	72,917		$	67,624		$	72,917

Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score

The following table disaggregates CountryPlace's gross consumer loans receivable as of December 26, 2015, 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	$	797	$	557	$	348	$	—	$	—	$	1,702
620-719	13,688		9,444		3,453		—		88		26,673
720+	15,320		9,979		2,515		—		—		27,814
Other	59		—		453		—		—		512
Subtotal	29,864		19,980		6,769		—		88		56,701
Conforming mortgages
0-619	—		—		165		93		286		544
620-719	—		—		2,332		3,368		5,999		11,699
720+	—		—		322		2,952		1,992		5,266
Other	—		—		—		—		—		—
Subtotal	—		—		2,819		6,413		8,277		17,509
Non-conforming mortgages
0-619	89		593		1,413		—		—		2,095
620-719	1,398		5,426		3,825		—		—		10,649
720+	1,702		3,430		832		—		—		5,964
Other	—		—		314		—		—		314
Subtotal	3,189		9,449		6,384		—		—		19,022
Other loans
Subtotal	—		—		14		—		—		14
	$	33,053	$	29,429	$	15,986	$	6,413	$	8,365	$	93,246