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Debt Obligations (Tables)
 6 Months Ended
Sep. 28, 2013
Debt Disclosure [Abstract]  
Debt Obligations
Debt obligations consist of the following (in thousands):
 
September 28,
2013
 
March 30,
2013
Securitized financing 2005-1
$
36,139

 
$
39,850

Securitized financing 2007-1
39,364

 
42,437

 
$
75,503

 
$
82,287
Acquired Securitized Financings
The following table summarizes securitized financings (in thousands):
 
September 28,
2013
 
March 30,
2013
Securitized financings – contractual amount
$
93,946

 
$
102,203

Purchase discount
 
 
 
Accretable yield
(18,443
)
 
(19,916
)
Non-accretable difference (1)
—

 
—

Total securitized financings, net
$
75,503

 
$
82,287


(1)
There is no non-accretable difference, as the contractual payments on acquired securitized financing are determined by the cash collections from the underlying loans.
Accretable Yield Movement on Acquired Securitized Financings
The changes in accretable yield on securitized financings were as follows (in thousands):
 
Three Months Ended
 
Six Months Ended
 
September 28,
2013
 
September 30,
2012
 
September 28,
2013
 
September 30,
2012
Balance at the beginning of the period
$
18,879

 
$
24,634

 
$
19,916

 
$
26,032

Accretion
(1,088
)
 
(1,345
)
 
(2,238
)
 
(2,743
)
Adjustment to cash flows
652

 
390

 
765

 
390

Balance at the end of the period
$
18,443

 
$
23,679

 
$
18,443

 
$
23,679