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Debt Obligations (Tables)
 9 Months Ended
Dec. 28, 2013
Debt Disclosure [Abstract]  
Debt Obligations
Debt obligations consist of the following (in thousands):
 
December 28,
2013
 
March 30,
2013
Securitized financing 2005-1
$
34,636

 
$
39,850

Securitized financing 2007-1
38,199

 
42,437

 
$
72,835

 
$
82,287
Acquired Securitized Financings
The following table summarizes securitized financings (in thousands):
 
December 28,
2013
 
March 30,
2013
Securitized financings – contractual amount
$
90,145

 
$
102,203

Purchase discount
 
 
 
Accretable yield
(17,310
)
 
(19,916
)
Non-accretable difference (1)
—

 
—

Total securitized financings, net
$
72,835

 
$
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
 
Nine Months Ended
 
December 28,
2013
 
December 29,
2012
 
December 28,
2013
 
December 29,
2012
Balance at the beginning of the period
$
18,443

 
$
23,679

 
$
19,916

 
$
26,032

Accretion
(1,115
)
 
(1,245
)
 
(3,353
)
 
(3,988
)
Adjustment to cash flows
(18
)
 
(190
)
 
747

 
200

Balance at the end of the period
$
17,310

 
$
22,244

 
$
17,310

 
$
22,244