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Commercial Loans Receivables (Tables)
 12 Months Ended
Apr. 02, 2022
Receivables [Abstract]  
Commercial Loans Receivables
Commercial loans receivable, net consisted of the following, by class of financing notes receivable (in thousands):
 April 2,
2022		April 3,
2021
Loans receivable$69,693 $45,377 
Allowance for loan losses
(1,011)(816)
Deferred financing fees, net(116)(247)
68,566 44,314 
Less current portion of commercial loans receivable (including from affiliates), net(32,644)(19,232)
$35,922 $25,082 
Commercial Loans Receivable Characteristics
The commercial loans receivable balance had the following characteristics:
April 2,
2022		April 3,
2021
Weighted average contractual interest rate6.4 %6.4 %
Weighted average months outstanding911
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 2,
2022		April 3,
2021
Balance at beginning of period$816 $393 
Impact of adoption of ASU 2016-13— 435 
Purchase accounting additions408 — 
Change in estimated loan losses, net(213)(12)
Loans charged off, net of recoveries— — 
Balance at end of period$1,011 $816 
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 2, 2022
20222021202020192018Total
Performing$52,592 $10,181 $4,031 $1,391 $1,498 $69,693 
April 3, 2021
20212020201920182017Total
Performing$30,627 $8,677 $3,206 $1,864 $1,003 $45,377 
Geographic Concentration of Commercial Loans Receivables in Key States As of April 2, 2022, 24.9% of our outstanding commercial loans receivable principal balance was concentrated in New York. As of April 3, 2021, 13.1% of the outstanding commercial loans receivable principal balance was concentrated in Arizona. No other state had concentrations in excess of 10% of the principal balance of the commercial loans receivable as of April 2, 2022 or April 3, 2021.