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Consumer Loans Receivable (Tables)
 12 Months Ended
Apr. 03, 2021
Receivables [Abstract]  
Consumer Loans Receivable
The following table summarizes consumer loans receivable (in thousands):
April 3,
2021		March 28,
2020
Loans held for investment (at Acquisition Date)$31,949 $37,779 
Loans held for investment (originated after Acquisition Date)
18,690 20,140 
Loans held for sale
15,587 14,671 
Construction advances
13,801 13,400 
80,027 85,990 
Deferred financing fees and other, net
(2,041)(1,919)
Allowance for loan losses
(3,188)(1,767)
74,798 82,304 
Less current portion(37,690)(32,376)
$37,108 $49,928 
Allowance for loan loss The following table represents changes in the estimated allowance for loan losses, including related additions and deductions to the allowance for loan losses (in thousands):
April 3,
2021		March 28,
2020
Allowance for loan losses at beginning of period$1,767 $415 
Impact of adoption of ASU 2016-132,276 — 
Change in estimated loan losses, net(655)1,352 
Charge-offs(201)— 
Recoveries1 — 
Allowance for loan losses at end of period$3,188 $1,767 
Consumer Loans Held for Investment Characteristics
The consumer loans held for investment had the following characteristics:
April 3,
2021		March 28,
2020
Weighted average contractual interest rate
8.26 %8.42 %
Weighted average effective interest rate
9.34 %9.27 %
Weighted average months to maturity
162164
Deliquency Status of Consumer Loans The following table is a consolidated summary of the delinquency status of the outstanding amortized cost of consumer loans receivable (in thousands):
April 3,
2021		March 28,
2020
Current$76,378 $83,861 
31 to 60 days508 547 
61 to 90 days21 307 
91+ days3,120 1,275 
$80,027 $85,990 
Gross Consumer Loans Receivable by Credit Quality and Fiscal Year of Origination
The following table disaggregates gross consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):
April 3, 2021
20212020201920182017PriorTotalMarch 28,
2020
Prime- FICO score 680 and greater
$18,250 $3,575 $1,718 $971 $1,959 $23,375 $49,848 $55,513 
Near Prime- FICO score 620-679
10,227 2,744 1,794 1,364 500 10,401 27,030 27,767 
Sub-Prime- FICO score less than 620
348 53 — — 84 1,579 2,064 2,142 
No FICO score
576 — 28 — — 481 1,085 568 
$29,401 $6,372 $3,540 $2,335 $2,543 $35,836 $80,027 $85,990 
Geographic Concentration of Consumer Loans Receivable Loan contracts secured by geographically concentrated collateral could experience higher rates of delinquencies, default and foreclosure losses than loan contracts secured by collateral that is more geographically dispersed. As of April 3, 2021, 35% of the outstanding principal balance of the consumer loans receivable portfolio was concentrated in Texas and 20% was concentrated in Florida. As of March 28, 2020, 36% of the outstanding principal balance of the consumer loans receivable portfolio was concentrated in Texas and 16% was concentrated in Florida. Other than Texas and Florida, no state had concentrations in excess of 10% of the principal balance of consumer loans receivable as of April 3, 2021 or March 28, 2020.