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Commercial Loans Receivables and Allowance for Loan Loss (Tables)
 12 Months Ended
Apr. 03, 2021
Receivables [Abstract]  
Commercial Loans Receivables
Commercial loans receivable, net consisted of the following, by class of financing notes receivable (in thousands):
 April 3,
2021		March 28,
2020
Loans receivable$45,377 $47,202 
Allowance for loan losses
(816)(393)
Deferred financing fees, net(247)(244)
44,314 46,565 
Less current portion of commercial loans receivable (including from affiliates), net(19,232)(15,423)
$25,082 $31,142 
Commercial Loans Receivable Characteristics
The commercial loans receivable balance had the following characteristics:
April 3,
2021		March 28,
2020
Weighted average contractual interest rate
6.4 %5.7 %
Weighted average months to maturity
1110
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 (in thousands):
 April 3,
2021		March 28,
2020
Balance at beginning of period
$393 $180 
Impact of adoption of ASU 2016-13435 — 
Change in estimated loan losses, net(12)213 
Loans charged off, net of recoveries— — 
Balance at end of period$816 $393 
Commercial Loans Receivables by Class and Internal Credit Quality Indicator
The following table disaggregates our commercial loans receivable by credit quality indicator and fiscal year of origination (in thousands):
April 3, 2021
20212020201920182017TotalMarch 28,
2020
Risk profile based on payment activity:
Performing
$30,627 $8,677 $3,206 $1,864 $1,003 $45,377 $47,016 
Watch list
— — — — — — 186 
Nonperforming
— — — — — — — 
$30,627 $8,677 $3,206 $1,864 $1,003 $45,377 $47,202 
Geographic Concentration of Commercial Loans Receivables in Key States As of April 3, 2021, 13% of our outstanding commercial loans receivable principal balance was concentrated in Arizona. As of March 28, 2020, 11% of the outstanding commercial loans receivable principal balance was concentrated in California. No other state had concentrations in excess of 10% of the principal balance of the consumer loans receivable as of April 3, 2021 or March 28, 2020.