Consumer Loans Receivable (Tables)

6 Months Ended

Sep. 26, 2015

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



	September 26, 2015			March 28, 2015
Loans held for investment (acquired on Palm Harbor Acquisition Date)	$	73,233		$	77,670
Loans held for investment (originated after Palm Harbor Acquisition Date)	5,633			5,005
Loans held for sale	9,779			11,903
Construction advances	5,206			4,076
Consumer loans receivable	93,851			98,654
Deferred financing fees and other, net	(709		)	(496		)
Consumer loans receivable, net	$	93,142		$	98,158

Acquired Consumer Loans Receivable Held for Investment



	September 26, 2015			March 28, 2015
	(in thousands)
Consumer loans receivable held for investment – contractual amount	$	179,261		$	192,523
Purchase discount
Accretable	(70,450		)	(73,202		)
Non-accretable	(35,241		)	(41,305		)
Less consumer loans receivable reclassified as other assets	(337		)	(346		)
Total acquired consumer loans receivable held for investment, net	$	73,233		$	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						Six Months Ended
	September 26, 2015			September 27, 2014			September 26, 2015			September 27, 2014
Balance at the beginning of the period	$	70,261		$	74,794		$	73,202		$	77,737
Accretion	(2,685		)	(2,849		)	(5,436		)	(5,744		)
Reclassifications from non-accretable discount	2,874			3,356			2,684			3,308
Balance at the end of the period	$	70,450		$	75,301		$	70,450		$	75,301

Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score

The following table disaggregates CountryPlace's gross consumer loans receivable as of September 26, 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	$	836	$	567	$	356	$	—	$	—	$	1,759
620-719	14,068		9,619		3,272		—		—		26,959
720+	15,708		10,272		2,575		—		—		28,555
Other	61		—		458		—		—		519
Subtotal	30,673		20,458		6,661		—		—		57,792
Conforming mortgages
0-619	—		—		166		217		978		1,361
620-719	—		—		1,520		3,190		5,329		10,039
720+	—		—		9		1,799		3,255		5,063
Other	—		—		—		—		217		217
Subtotal	—		—		1,695		5,206		9,779		16,680
Non-conforming mortgages
0-619	89		599		1,466		—		—		2,154
620-719	1,442		5,480		3,911		—		—		10,833
720+	1,712		3,515		834		—		—		6,061
Other	—		—		316		—		—		316
Subtotal	3,243		9,594		6,527		—		—		19,364
Other loans
Subtotal	—		—		15		—		—		15
	$	33,916	$	30,052	$	14,898	$	5,206	$	9,779	$	93,851