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Commercial Loans Receivables and Allowance for Loan Loss (Tables)
 6 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Inventory Finance Receivables
receivables, net, consist of the following by class of financing notes receivable (in thousands):
 
September 30,
2017
 
April 1,
2017
Direct loans receivable
$
30,235

 
$
24,959

Participation loans receivable
1,163

 
1,084

Allowance for loan loss
(242
)
 
(210
)
 
$
31,156

 
$
25,833
Changes in the Allowance for Loan Losses on Inventory Finance Receivables
he following table represents changes in the estimated allowance for loan losses, including related additions and deductions to the allowance for loan loss applicable to the direct programs (in thousands):
 
Three Months Ended
 
Six Months Ended
 
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Balance at beginning of period
$
222

 
$
135

 
$
210

 
$
128

Provision for inventory finance credit losses
20

 
(9
)
 
32

 
(2
)
Loans charged off, net of recoveries
—

 
—

 
—

 
—

Balance at end of period
$
242

 
$
126

 
$
242

 
$
126
Allowance for Loan Losses and Inventory Finance Receivables By Class Individually and Collectively Evaluated for Impairment
The following table disaggregates commercial loans receivable and the estimated allowance for loan loss for each class of financing receivable by evaluation methodology (in thousands):
 
Direct Commercial Loans
 
Participation Commercial Loans
 
September 30,
2017
 
April 1,
2017
 
September 30,
2017
 
April 1,
2017
Inventory finance notes receivable:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
16,845

 
$
13,688

 
$
—

 
$
—

Individually evaluated for impairment
13,390

 
11,271

 
1,163

 
1,084

 
$
30,235

 
$
24,959

 
$
1,163

 
$
1,084

Allowance for loan loss:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
(169
)
 
$
(137
)
 
$
—

 
$
—

Individually evaluated for impairment
(73
)
 
(73
)
 
—

 
—

 
$
(242
)
 
$
(210
)
 
$
—

 
$
—
Inventory Finance Receivables by Class and Internal Credit Quality Indicator
The following table disaggregates the Company's inventory finance receivables by class and credit quality indicator (in thousands):
 
Direct Commercial Loans
 
Participation Commercial Loans
 
September 30,
2017
 
April 1,
2017
 
September 30,
2017
 
April 1,
2017
Risk profile based on payment activity:
 
 
 
 
 
 
 
Performing
$
30,162

 
$
24,886

 
$
1,163

 
$
1,084

Watch list
—

 
—

 
—

 
—

Nonperforming
73

 
73

 
—

 
—

 
$
30,235

 
$
24,959

 
$
1,163

 
$
1,084
Geographic Concentration of Inventory Finance Receivables in Key States
The Company has concentrations of commercial loans receivable related to factory-built homes located in the following states, measured as a percentage of commercial loans receivables principal balance outstanding:
 
September 30,
2017
 
April 1,
2017
Oregon
18.7
%
 
15.7
%
Arizona
16.1
%
 
21.3
%
California
11.3
%
 
11.0
%
Indiana
11.2
%
 
10.7
%
Texas
11.0
%
 
11.0
%