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Commercial Loans Receivable (Tables)
3 Months Ended
Jul. 01, 2023
Receivables [Abstract]  
Commercial Loans Receivables
Commercial loans receivable, net consisted of the following (in thousands):
July 1,
2023
April 1,
2023
Loans receivable$107,246 $103,726 
Allowance for loan losses (1,614)(1,586)
Deferred financing fees, net(173)(163)
105,459 101,977 
Less current portion of commercial loans receivable (including from affiliates), net(50,263)(44,054)
$55,196 $57,923 
Changes in the Allowance for Loan Losses on Commercial Loans Receivables
The following table represents changes in the estimated allowance for loan losses (in thousands):
Three Months Ended
July 1,
2023
July 2,
2022
Balance at beginning of period
$1,586 $1,011 
Change in estimated loan losses, net
28 43 
Balance at end of period
$1,614 $1,054 
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):
July 1, 2023
20242023202220212020PriorTotal
Performing
$26,639 $63,412 $10,907 $3,268 $2,015 $1,005 $107,246 
April 1, 2023
20232022202120202019PriorTotal
Performing
$80,193 $16,028 $4,071 $2,203 $1,231 $— $103,726 
Geographic Concentration of Commercial Loans Receivables in Key States As of July 1, 2023 and April 1, 2023, we had concentrations of our outstanding principal balance of the commercial loans receivable balance in New York of 17% and 18%, respectively. No other state had concentrations in excess of 10% of the outstanding principal balance of the commercial loans receivable as of July 1, 2023 or April 1, 2023.