XML 103 R84.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements (Book Value and Estimated Fair Value) (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 28, 2013
Mar. 30, 2013
Summary of the Fair Value and Carrying Value of Financial Instruments    
Mortgage servicing rights $ 372 $ 335
Book Value [Member]
   
Summary of the Fair Value and Carrying Value of Financial Instruments    
Cash and cash equivalents 61,671 [1] 47,823 [1]
Restricted cash 9,270 [1] 7,952 [1]
Investments 17,809 [2] 17,698 [2]
Consumer loans receivable 104,326 [3] 110,990 [3]
Interest rate lock commitment derivatives 65 [4] 28 [4]
Forward loan sale commitment derivatives (151) [4] (3) [4]
Inventory finance receivable 24,113 [5] 22,950 [5]
Securitized financings 75,503 [6] 82,287 [6]
Mortgage servicing rights 372 [7] 335 [7]
Estimated Fair Value [Member]
   
Summary of the Fair Value and Carrying Value of Financial Instruments    
Cash and cash equivalents 61,671 [1] 47,823 [1]
Restricted cash 9,270 [1] 7,952 [1]
Investments 17,809 [2] 17,698 [2]
Consumer loans receivable 106,135 [3] 115,044 [3]
Interest rate lock commitment derivatives 65 [4] 28 [4]
Forward loan sale commitment derivatives (151) [4] (3) [4]
Inventory finance receivable 24,113 [5] 22,950 [5]
Securitized financings 83,818 [6] 90,895 [6]
Mortgage servicing rights $ 372 [7] $ 335 [7]
[1] The fair value approximates book value due to the instruments’ short-term maturity
[2] The fair value is based on quoted market prices.
[3] Includes consumer loans receivable held for investment, held for sale and construction advances. The fair value of the loans held for investment is based on the discounted value of the remaining principal and interest cash flows. The fair value of the loans held for sale are estimated based on recent GSE mortgage backed bond prices. The fair value of the construction advances approximates book value and the sales price of these loans is estimated based on construction completed.
[4] The fair values are based on changes in GSE mortgage backed bond prices and, additionally for IRLCs, pull through rates.
[5] The fair value approximates book value based on current market rates and the revolving nature of the instruments.
[6] The fair value is estimated using recent public transactions of similar asset-backed securities.
[7] The fair value of the mortgage servicing rights is based on the present value of expected net cash flows related to servicing these loans.