Debt Obligations (Tables)

3 Months Ended

Jul. 01, 2017

Debt obligations consist of amounts related to loans sold that did not qualify for loan sale accounting treatment. The following table summarizes debt obligations (in thousands):



	July 1, 2017		April 1, 2017
Acquired securitized financings (acquired as part of the Palm Harbor transaction)
Securitized financing 2005-1	$	22,816	$	23,756
Securitized financing 2007-1	24,933		25,728
Other secured financings	4,913		4,987
Secured Term Loan	4,927		3,520
Total securitized financings and other, net	$	57,589	$	57,991

Acquired Securitized Financings

The following table summarizes acquired securitized financings (in thousands):



	July 1, 2017			April 1, 2017
Securitized financings – contractual amount	$	54,415		$	57,120
Purchase discount
Accretable	(6,666		)	(7,636		)
Non-accretable (1)	—			—
Total acquired securitized financings, net	$	47,749		$	49,484

(1) There is no non-accretable difference, as the contractual payments on acquired securitized financing are determined by the cash collections from the underlying loans.

Accretable Yield Movement on Acquired Securitized Financings

The changes in accretable yield on securitized financings were as follows (in thousands):



	Three Months Ended
	July 1, 2017			July 2, 2016
Balance at the beginning of the period	$	7,636		$	12,333
Accretion	(871		)	(968		)
Adjustment to cash flows	(99		)	94
Balance at the end of the period	$	6,666		$	11,459