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Consumer Loans Receivable
 9 Months Ended
Dec. 30, 2023
Receivables [Abstract]  
Consumer Loans Receivable Consumer Loans Receivable
The following table summarizes consumer loans receivable (in thousands):
December 30,
2023		April 1,
2023
Loans held for investment, previously securitized$18,001 $21,000 
Loans held for investment12,901 13,117 
Loans held for sale6,236 10,846 
Construction advances464 706 
37,602 45,669 
Deferred financing fees and other, net(362)(368)
Allowance for loan losses(1,106)(1,153)
36,134 44,148 
Less current portion(11,855)(17,019)
$24,279 $27,129 
The consumer loans held for investment had the following characteristics:
December 30,
2023		April 1,
2023
Weighted average contractual interest rate8.0 %8.2 %
Weighted average effective interest rate8.6 %8.8 %
Weighted average months to maturity173150
The following table is a consolidated summary of the delinquency status of the outstanding principal balance of consumer loans receivable (in thousands):
December 30,
2023		April 1,
2023
Current$35,403 $43,252 
31 to 60 days951 1,247 
61 to 90 days311 213 
91+ days937 957 
$37,602 $45,669 
The following table disaggregates the outstanding principal balance of consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):
December 30, 2023
20242023202220212020PriorTotal
Prime- FICO score 680 and greater
$5,628 $329 $97 $985 $1,914 $15,413 $24,366 
Near Prime- FICO score 620-679
744 — — 1,208 949 9,146 12,047 
Sub-Prime- FICO score less than 620
— — — 18 49 803 870 
No FICO score
— — — — — 319 319 
$6,372 $329 $97 $2,211 $2,912 $25,681 $37,602 
April 1, 2023
20232022202120202019PriorTotal
Prime- FICO score 680 and greater
$9,471 $185 $1,051 $1,982 $1,191 $16,601 $30,481 
Near Prime- FICO score 620-679
1,695 — 1,012 1,131 1,550 8,244 13,632 
Sub-Prime- FICO score less than 620
84 — 19 51 — 1,033 1,187 
No FICO score
— — — — 24 345 369 
$11,250 $185 $2,082 $3,164 $2,765 $26,223 $45,669 
As of December 30, 2023, 42% of the outstanding principal balance of the consumer loans receivable portfolio was concentrated in Texas and 14% was concentrated in Florida. As of April 1, 2023, 44% of the outstanding principal balance of the consumer loans receivable portfolio was concentrated in Texas and 13% was concentrated in Florida. Other than Texas and Florida, no state had concentrations in excess of 10% of the outstanding principal balance of the consumer loans receivable as of December 30, 2023 or April 1, 2023.
Repossessed homes totaled approximately $0.8 million and $1.1 million as of December 30, 2023 and April 1, 2023, respectively, and are included in Prepaid expenses and other current assets in the Consolidated Balance Sheets. Homes undergoing foreclosure or similar proceedings in progress totaled approximately $0.4 million and $0.5 million as of December 30, 2023 and April 1, 2023, respectively.