XML 45 R34.htm IDEA: XBRL DOCUMENT v3.24.3
Reinsurance and Insurance Loss Reserves (Tables)
 6 Months Ended
Sep. 28, 2024
Insurance [Abstract]  
Schedule of Effects of Reinsurance
The effects of reinsurance on premiums written and earned were as follows (in thousands):

Three Months Ended
September 28, 2024September 30, 2023
WrittenEarnedWrittenEarned
Direct premiums
$9,380 $12,177 $10,067 $9,371 
Assumed premiums—nonaffiliated
11,303 10,095 9,505 8,851 
Ceded premiums—nonaffiliated
(8,880)(8,880)(6,438)(6,438)

$11,803 $13,392 $13,134 $11,784 
Six Months Ended
September 28, 2024September 30, 2023
WrittenEarnedWrittenEarned
Direct premiums
$22,883 $24,479 $20,446 $18,047 
Assumed premiums—nonaffiliated
23,038 19,599 19,305 17,421 
Ceded premiums—nonaffiliated
(17,065)(17,065)(12,565)(12,565)

$28,856 $27,013 $27,186 $22,903 
Schedule of Loss Reserve Rollforward
The following details the activity in the incurred but not reported ("IBNR") reserve for the three and six months ended September 28, 2024 and September 30, 2023 (in thousands):
Three Months EndedSix Months Ended
September 28,
2024		September 30,
2023		September 28,
2024		September 30,
2023
Balance at beginning of period$18,927 $13,001 $10,540 $10,939 
Net incurred losses during the period14,128 8,586 32,091 19,663 
Net claim payments during the period(18,435)(12,433)(28,011)(21,448)
Balance at end of period$14,620 $9,154 $14,620 $9,154