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Commercial Loans Receivables (Tables)
6 Months Ended
Sep. 28, 2024
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table summarizes consumer loans receivable (in thousands):
September 28,
2024
March 30,
2024
Loans held for investment, previously securitized$15,162 $16,968 
Loans held for investment12,230 12,826 
Loans held for sale23,708 15,140 
Construction advances2,409 722 
53,509 45,656 
Deferred financing fees and other, net(834)(523)
Allowance for loan losses(1,006)(1,066)
51,669 44,067 
Less current portion(30,899)(20,713)
$20,770 $23,354 
Commercial loans receivable, net consisted of the following (in thousands):
September 28,
2024
March 30,
2024
Loans receivable$91,588 $91,938 
Allowance for loan losses (484)(781)
Deferred financing fees, net(198)(116)
90,906 91,041 
Less current portion of commercial loans receivable (including from affiliates), net(39,781)(43,316)
$51,125 $47,725 
Schedule of Commercial Loans Receivable Characteristics
The commercial loans receivable balance had the following characteristics:
September 28,
2024
March 30,
2024
Weighted average contractual interest rate7.3 %7.4 %
Weighted average months outstanding1012
Schedule of Commercial Loans Receivables by Class and Internal Credit Quality Indicator
The following table disaggregates the outstanding principal balance of consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):
September 28, 2024
20252024202320222021PriorTotal
Prime- FICO score 680 and greater
$12,692 $9,455 $325 $94 $874 $14,477 $37,917 
Near Prime- FICO score 620-679
2,056 1,557 — — 1,038 9,235 13,886 
Sub-Prime- FICO score less than 620
26 — — — 17 718 761 
No FICO score
211 444 — — — 290 945 
$14,985 $11,456 $325 $94 $1,929 $24,720 $53,509 
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 620-679
1,633 — — 1,202 942 8,684 12,461 
Sub-Prime- FICO score less than 620
— — — 18 49 723 790 
No FICO score
447 — — — — 309 756 
$16,187 $328 $96 $2,105 $2,799 $24,141 $45,656 
The following table disaggregates the outstanding principal balance of our commercial loans receivable by fiscal year of origination (in thousands):
September 28, 2024
20252024202320222021Total
Performing
$40,830 $34,916 $11,789 $1,886 $2,167 $91,588 
March 30, 2024
20242023202220212020Total
Performing
$57,691 $25,066 $4,823 $2,144 $2,214 $91,938