Consumer Loans Receivable (Tables)

3 Months Ended

Jun. 27, 2015

Receivables [Abstract]

Consumer Loans Receivable

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

	June 27, 2015			March 28, 2015
Loans held for investment (acquired on Palm Harbor Acquisition Date)	$	75,833		$	77,670
Loans held for investment (originated after Palm Harbor Acquisition Date)	5,428			5,005
Loans held for sale	12,020			11,903
Construction advances	5,133			4,076
Consumer loans receivable	98,414			98,654
Deferred financing fees and other, net	(667		)	(496		)
Consumer loans receivable, net	$	97,747		$	98,158

Acquired Consumer Loans Receivable Held for Investment

	June 27, 2015			March 28, 2015
	(in thousands)
Consumer loans receivable held for investment – contractual amount	$	186,532		$	192,523
Purchase discount
Accretable	(70,261		)	(73,202		)
Non-accretable	(40,308		)	(41,305		)
Less consumer loans receivable reclassified as other assets	(130		)	(346		)
Total acquired consumer loans receivable held for investment, net	$	75,833		$	77,670

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 27, 2015			June 28, 2014
Balance at the beginning of the period	$	73,202		$	77,737
Accretion	(2,751		)	(2,895		)
Reclassifications from (to) non-accretable discount	(190		)	(48		)
Balance at the end of the period	$	70,261		$	74,794

Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score

The following table disaggregates CountryPlace's gross consumer loans receivable as of June 27, 2015, 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	$	902	$	580	$	366	$	—	$	26	$	1,874
620-719	14,475		9,898		3,291		—		287		27,951
720+	16,455		10,560		2,274		—		124		29,413
Other	63		—		461		—		—		524
Subtotal	31,895		21,038		6,392		—		437		59,762
Conforming mortgages
0-619	—		—		167		84		81		332
620-719	—		—		1,628		3,267		5,738		10,633
720+	—		—		10		1,782		3,008		4,800
Other	—		—		—		—		2,756		2,756
Subtotal	—		—		1,805		5,133		11,583		18,521
Non-conforming mortgages
0-619	90		668		1,560		—		—		2,318
620-719	1,457		5,704		3,936		—		—		11,097
720+	1,728		3,689		964		—		—		6,381
Other	—		—		319		—		—		319
Subtotal	3,275		10,061		6,779		—		—		20,115
Other loans
Subtotal	—		—		16		—		—		16
	$	35,170	$	31,099	$	14,992	$	5,133	$	12,020	$	98,414