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Debt Obligations (Tables)
3 Months Ended
Jun. 29, 2019
Debt Disclosure [Abstract]  
Debt Obligations
Debt obligations primarily consist of amounts related to loans sold that did not qualify for loan sale accounting treatment. The following table summarizes debt and finance lease obligations (in thousands):
 
June 29,
2019
 
March 30,
2019
Acquired 2007-1 securitized financings (acquired as part of the Palm Harbor transaction)
$
17,744

 
$
18,364

Secured credit facilities
11,139

 
11,289

Other secured financings
4,405

 
4,487

Finance lease liabilities
1,054

 

 
$
34,342

 
$
34,140


Acquired Securitized Financings
The following table summarizes acquired securitized financings (in thousands):
 
June 29,
2019
 
March 30,
2019
Securitized financings – contractual amount
$
17,950

 
$
18,855

Purchase discount
 
 
 
Accretable
(206
)
 
(491
)
Non-accretable (1)

 

Total acquired securitized financings, net
$
17,744

 
$
18,364

(1) There is no non-accretable difference, as the contractual payments on acquired securitized financings 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
 
June 29,
2019
 
June 30,
2018
Balance at the beginning of the period
$
491

 
$
3,515

Accretion
(371
)
 
(803
)
Adjustment to cash flows
86

 
(15
)
Balance at the end of the period
$
206

 
$
2,697