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Commercial Loans Receivables (Tables)
12 Months Ended
Mar. 30, 2024
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table summarizes consumer loans receivable (in thousands):
March 30,
2024
April 1,
2023
Loans held for investment, previously securitized$16,968 $21,000 
Loans held for investment12,826 13,117 
Loans held for sale
15,140 10,846 
Construction advances
722 706 
45,656 45,669 
Deferred financing fees and other, net
(523)(368)
Allowance for loan losses
(1,066)(1,153)
44,067 44,148 
Less current portion(20,713)(17,019)
$23,354 $27,129 
Commercial loans receivable, net consisted of the following (in thousands):
 March 30,
2024
April 1,
2023
Loans receivable (including from affiliates)$91,938 $103,726 
Allowance for loan losses
(781)(1,586)
Deferred financing fees, net(116)(163)
91,041 101,977 
Less current portion of commercial loans receivable (including from affiliates), net(43,316)(44,054)
$47,725 $57,923 
Commercial Loans Receivable Characteristics
The commercial loans receivable balance had the following characteristics:
March 30,
2024
April 1,
2023
Weighted average contractual interest rate7.4 %7.6 %
Weighted average months outstanding129
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):
 March 30,
2024
April 1,
2023
Balance at beginning of fiscal year$1,586 $1,011 
Change in estimated loan losses, net(805)575 
Balance at end of fiscal year$781 $1,586 
Commercial Loans Receivables by Class and Internal Credit Quality Indicator
The following table disaggregates gross consumer loans receivable by credit quality indicator at loan inception and fiscal year of origination (in thousands):
March 30, 2024
20242023202220212020PriorTotal
Prime- FICO score 680 and greater$14,107 $328 $96 $885 $1,808 $14,425 $31,649 
Near Prime- FICO score 620-6791,633 — — 1,202 942 8,684 12,461 
Sub-Prime- FICO score less than 620— — — 18 49 723 790 
No FICO score447 — — — — 309 756 
$16,187 $328 $96 $2,105 $2,799 $24,141 $45,656 
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 620-6791,695 — 1,012 1,131 1,550 8,244 13,632 
Sub-Prime- FICO score less than 62084 — 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 
The following table disaggregates our commercial loans receivable by credit quality indicator and fiscal year of origination (in thousands):
March 30, 2024
20242023202220212020Total
Performing$57,691 $25,066 $4,823 $2,144 $2,214 $91,938 
April 1, 2023
20232022202120202019Total
Performing$80,193 $16,028 $4,071 $2,203 $1,231 $103,726