Reinsurance and Insurance Loss Reserves (Tables)

3 Months Ended

Jun. 29, 2024

The effects of reinsurance on premiums written and earned were as follows (in thousands):


	Three Months Ended
	June 29, 2024				July 1, 2023








	Written		Earned		Written		Earned
Direct premiums	$	13,503	$	12,302	$	10,379	$	8,676
Assumed premiums—nonaffiliated	11,735		9,504		9,800		8,570
Ceded premiums—nonaffiliated	(8,185)		(8,185)		(6,127)		(6,127)
	$	17,053	$	13,621	$	14,052	$	11,119

Loss Reserve Rollforward

The following details the activity in the incurred but not reported ("IBNR") reserve for the three months ended June 29, 2024 and July 1, 2023 (in thousands):


	Three Months Ended
		June 29, 2024		July 1, 2023
Balance at beginning of period		$	10,540	$	10,939
Net incurred losses during the period		17,963		11,077
Net claim payments during the period		(9,576)		(9,015)
Balance at end of period		$	18,927	$	13,001