Consumer Loans Receivable (Tables)

9 Months Ended

Dec. 27, 2014

The following table summarizes consumer loans receivable (in thousands):



	December 27, 2014			March 29, 2014
Loans held for investment (acquired as part of the Palm Harbor transaction)	$	80,244		$	87,596
Loans held for investment (originated after the Palm Harbor transaction)	5,478			1,885
Loans held for sale	11,444			6,741
Construction advances	3,818			2,403
Consumer loans receivable	100,984			98,625
Deferred financing fees and other, net	(591		)	(341		)
Consumer loans receivable, net	$	100,393		$	98,284

Acquired Consumer Loans Receivable Held for Investment



	December 27, 2014			March 29, 2014
	(in thousands)
Consumer loans receivable held for investment – contractual amount	$	199,504		$	223,388
Purchase discount
Accretable	(72,917		)	(77,737		)
Non-accretable	(46,186		)	(57,672		)
Less consumer loans receivable reclassified as other assets	(157		)	(383		)
Total acquired consumer loans receivable held for investment, net	$	80,244		$	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						Nine Months Ended
	December 27, 2014			December 28, 2013			December 27, 2014			December 28, 2013
Balance at the beginning of the period	$	75,301		$	83,817		$	77,737		$	91,291
Accretion	(2,806		)	(2,980		)	(8,550		)	(9,143		)
Reclassifications from (to) non-accretable discount	422			(34		)	3,730			(1,345		)
Balance at the end of the period	$	72,917		$	80,803		$	72,917		$	80,803

Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score

The following table disaggregates gross consumer loans receivable as of December 27, 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	$	1,055	$	605	$	791	$	—	$	—	$	2,451
620-719	15,486		10,617		3,231		—		20		29,354
720+	17,339		11,267		2,022		—		22		30,650
Subtotal	33,880		22,489		6,044		—		42		62,455
Conforming mortgages
0-619	—		—		168		—		—		168
620-719	—		—		2,193		2,613		8,147		12,953
720+	—		—		120		1,205		3,255		4,580
Subtotal	—		—		2,481		3,818		11,402		17,701
Non-conforming mortgages
0-619	92		717		1,910		—		—		2,719
620-719	1,523		5,937		3,980		—		—		11,440
720+	1,860		3,776		1,018		—		—		6,654
Subtotal	3,475		10,430		6,908		—		—		20,813
Other loans
Subtotal	—		—		15		—		—		15
	$	37,355	$	32,919	$	15,448	$	3,818	$	11,444	$	100,984