XML 14 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt Obligations (Tables)
12 Months Ended
Mar. 29, 2014
Debt Disclosure [Abstract]  
Debt Obligations
Debt obligations consist of the following (in thousands):
 
March 29,
2014
 
March 30,
2013
Securitized financing 2005-1
$
33,291

 
$
39,850

Securitized financing 2007-1
36,761

 
42,437

 
$
70,052

 
$
82,287

Acquired Securitized Financings
The following table summarizes securitized financings (in thousands):
 
March 29,
2014
 
March 30,
2013
Securitized financings – contractual amount
$
85,251

 
$
102,203

Purchase Discount
 
 
 
Accretable
(15,199
)
 
(19,916
)
Non-accretable (1)

 

Total securitized financings, net
$
70,052

 
$
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): 
 
Year Ended
 
March 29,
2014
 
March 30,
2013
Balance at the beginning of the period
$
19,916

 
$
26,032

Additions

 

Accretion
(4,427
)
 
(5,174
)
Adjustment to cash flows
(290
)
 
(942
)
Balance at the end of the period
$
15,199

 
$
19,916

Scheduled Maturities of the Company's Debt Obligations
Scheduled maturities of the Company’s debt obligations consist of the following (in thousands):
Fiscal Year
 
2015
$
10,188

2016
8,638

2017
7,501

2018
6,638

2019
24,782