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Commercial Loans Receivables and Allowance for Loan Loss (Tables)
 12 Months Ended
Mar. 28, 2020
Receivables [Abstract]  
Commercial Loans Receivables
Commercial loans receivable, net consisted of the following, by class of financing notes receivable (in thousands):
 
March 28,
2020
 
March 30,
2019
Direct loans receivable
$
47,058

 
$
42,899

Participation loans receivable
144

 
495

Allowance for loan losses
(393
)
 
(180
)
Deferred financing fees, net
(244
)
 
(208
)
 
$
46,565

 
$
43,006
Commercial Loans Receivable Characteristics (Weighted averages)
The commercial loans receivable balance had the following characteristics:
 
March 28,
2020
 
March 30,
2019
Weighted average contractual interest rate
5.7
%
 
5.7
%
Weighted average months to maturity
10

 
7

The Company evaluates the potential for loss from its participation loan programs based on the independent lender's overall financial stability, as well as historical experience, and has determined that an applicable allowance for loan losses was not needed at March 28, 2020 or March 30, 2019.
Changes in the Allowance for Loan Losses on Commercial Loans Receivables
The following table represents changes in the estimated allowance for loan losses, including related additions and deductions to the allowance for loan losses applicable to the direct programs (in thousands):
 
Year Ended
 
March 28,
2020
 
March 30,
2019
Balance at beginning of period
$
180

 
$
42

Change in estimated loan losses, net
213

 
138

Loans charged off, net of recoveries
—

 
—

Balance at end of period
$
393

 
$
180
Allowance for Loan Losses andCommercial Loans Receivables By Class Individually and Collectively Evaluated for Impairment
The following table disaggregates commercial loans receivable and the estimated allowance for loan losses for direct commercial loans by evaluation methodology (in thousands):
 
Direct Commercial Loans
 
March 28,
2020
 
March 30,
2019
Commercial loans receivable:
 
 
 
Collectively evaluated for impairment
$
16,483

 
$
18,018

Individually evaluated for impairment
30,575

 
24,881

 
$
47,058

 
$
42,899

Allowance for loan losses:
 
 
 
Collectively evaluated for impairment
$
(324
)
 
$
(180
)
Individually evaluated for impairment
(69
)
 
—

 
$
(393
)
 
$
(180
)
Commercial Loans Receivables by Class and Internal Credit Quality Indicator
The following table disaggregates the Company's commercial loans receivable by class and credit quality indicator (in thousands):
 
Direct Commercial Loans
 
Participation Commercial Loans
 
March 28,
2020
 
March 30,
2019
 
March 28,
2020
 
March 30,
2019
Risk profile based on payment activity:
 
 
 
 
 
 
 
Performing
$
46,872

 
$
42,899

 
$
144

 
$
495

Watch list
186

 
—

 
—

 
—

Nonperforming
—

 
—

 
—

 
—

 
$
47,058

 
$
42,899

 
$
144

 
$
495
Geographic Concentration of Commercial Loans Receivables in Key States in California. As of March 30, 2019, 21.1% was concentrated in California, 16.3% was in Arizona and 10.4% was in Oregon.