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Consumer Loans Receivable (Tables)
 3 Months Ended
Jun. 28, 2014
Receivables [Abstract]  
Consumer Loans Receivable
The following table summarizes consumer loans receivable (in thousands):
 
June 28,
2014
 
March 29,
2014
Loans held for investment (acquired as part of the Palm Harbor transaction)
$
85,341

 
$
87,596

Loans held for investment (originated after the Palm Harbor transaction)
3,376

 
1,885

Loans held for sale
6,433

 
6,741

Construction advances
3,523

 
2,403

Consumer loans receivable
98,673

 
98,625

Deferred financing fees and other, net
(471
)
 
(341
)
Consumer loans receivable, net
$
98,202

 
$
98,284
Acquired Consumer Loans Receivable Held for Investment
 
June 28,
2014
 
March 29,
2014
 
(in thousands)
Consumer loans receivable held for investment – contractual amount
$
215,277

 
$
223,388

Purchase discount
 
 
 
Accretable
(74,794
)
 
(77,737
)
Non-accretable
(55,058
)
 
(57,672
)
Less consumer loans receivable reclassified as other assets
(84
)
 
(383
)
Total acquired consumer loans receivable held for investment, net
$
85,341

 
$
87,596
Accretable Yield Movement on Acquired Consumer Loans Receivable
The changes in accretable yield on acquired consumer loans receivable held for investment were as follows (in thousands):
 
Three Months Ended
 
June 28,
2014
 
June 29,
2013
Balance at the beginning of the period
$
77,737

 
$
91,291

Accretion
(2,895
)
 
(3,116
)
Reclassifications (to) from non-accretable discount
(48
)
 
(1,708
)
Balance at the end of the period
$
74,794

 
$
86,467
Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score
The following table disaggregates gross consumer loans receivable as of June 28, 2014, for each class by portfolio segment and credit quality indicator as of the time of origination (in thousands):
 
Consumer Loans Held for Investment
 
 
 
 
 
 
 
Securitized
2005
 
Securitized
2007
 
Unsecuritized
 
Construction
Advances
 
Consumer Loans Held
For Sale
 
Total
Asset Class
 
 
 
 
 
 
 
 
 
 
 
Credit Quality Indicator
 
 
 
 
 
 
 
 
 
 
Chattel loans
 
 
 
 
 
 
 
 
 
 
 
0-619
$
1,099

 
$
627

 
$
848

 
$
—

 
$
—

 
$
2,574

620-719
16,532

 
11,134

 
1,851

 
—

 
—

 
29,517

720+
18,341

 
12,059

 
1,195

 
—

 
—

 
31,595

Subtotal
35,972

 
23,820

 
3,894

 
—

 
—

 
63,686

Conforming mortgages
 
 
 
 
 
 
 
 
 
 
0-619
—

 
—

 
270

 
—

 
—

 
270

620-719
—

 
—

 
2,555

 
2,308

 
4,073

 
8,936

720+
—

 
—

 
10

 
1,215

 
2,360

 
3,585

Subtotal
—

 
—

 
2,835

 
3,523

 
6,433

 
12,791

Non-conforming mortgages
 
 
 
 
 
 
 
 
 
 
0-619
93

 
733

 
1,948

 
—

 
—

 
2,774

620-719
1,548

 
6,247

 
4,060

 
—

 
—

 
11,855

720+
1,891

 
4,251

 
1,409

 
—

 
—

 
7,551

Subtotal
3,532

 
11,231

 
7,417

 
—

 
—

 
22,180

Other loans
 
 
 
 
 
 
 
 
 
 
Subtotal
—

 
—

 
16

 
—

 
—

 
16

 
$
39,504

 
$
35,051

 
$
14,162

 
$
3,523

 
$
6,433

 
$
98,673