XML 65 R114.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements (Book Value and Estimated Fair Value) (Details) - USD ($)
$ in Thousands
Mar. 28, 2020
Mar. 30, 2019
Book Value    
Summary of the Fair Value and Carrying Value of Financial Instruments    
Available-for-sale debt securities [1] $ 14,774 $ 13,408
Marketable equity securities [1] 9,829 11,073
Non-marketable equity investments [2] 21,536 20,276
Consumer loans receivable [3] 82,304 86,785
Interest rate lock commitment derivatives [4] 164 11
Forward loan sale commitment derivatives [4] (1,011) (59)
Commercial loans receivable [5] 46,565 43,006
Securitized financings and other [6] (14,953) (34,140)
Estimated Fair Value    
Summary of the Fair Value and Carrying Value of Financial Instruments    
Available-for-sale debt securities [1] 14,774 13,408
Marketable equity securities [1] 9,829 11,073
Non-marketable equity investments [2] 21,536 20,276
Consumer loans receivable [3] 97,395 101,001
Interest rate lock commitment derivatives [4] 164 11
Forward loan sale commitment derivatives [4] (1,011) (59)
Commercial loans receivable [5] 46,819 43,582
Securitized financings and other [6] $ (15,592) $ (38,101)
[1]
For Level 1 classified securities, the fair value is based on quoted market prices. The fair value of Level 2 securities is based on other inputs, as further described below.
[2]
The fair value approximates book value based on the non-marketable nature of the investments.
[3]
Includes consumer loans receivable held for investment, held for sale and construction advances. The fair value of the loans held for investment is based on the discounted value of the remaining principal and interest cash flows. The fair value of the loans held for sale is estimated based on recent GSE mortgage-backed bond prices. The fair value of the construction advances approximates book value and the sales price of these loans.
[4]
The fair values are based on changes in GSE mortgage-backed bond prices and, additionally for IRLCs, pull through rates.
[5]
The fair value is estimated using market interest rates of comparable loans.
[6]
The fair value is estimated using recent public transactions of similar asset-backed securities.