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Consumer Loans Receivable (Tables)
9 Months Ended
Dec. 26, 2015
Receivables [Abstract]  
Consumer Loans Receivable
The following table summarizes consumer loans receivable (in thousands):
 
December 26,
2015
 
March 28,
2015
Loans held for investment (acquired on Palm Harbor Acquisition Date)
$
71,559

 
$
77,670

Loans held for investment (originated after Palm Harbor Acquisition Date)
6,909

 
5,005

Loans held for sale
8,365

 
11,903

Construction advances
6,413

 
4,076

Consumer loans receivable
93,246

 
98,654

Deferred financing fees and other, net
(949
)
 
(496
)
Consumer loans receivable, net
$
92,297

 
$
98,158

Acquired Consumer Loans Receivable Held for Investment
 
December 26,
2015
 
March 28,
2015
 
(in thousands)
Consumer loans receivable held for investment – contractual amount
$
173,942

 
$
192,523

Purchase discount
 
 
 
Accretable
(67,624
)
 
(73,202
)
Non-accretable
(34,418
)
 
(41,305
)
Less consumer loans receivable reclassified as other assets
(341
)
 
(346
)
Total acquired consumer loans receivable held for investment, net
$
71,559

 
$
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
 
Nine Months Ended
 
December 26,
2015
 
December 27,
2014
 
December 26,
2015
 
December 27,
2014
Balance at the beginning of the period
$
70,450

 
$
75,301

 
$
73,202

 
$
77,737

Accretion
(2,692
)
 
(2,806
)
 
(8,128
)
 
(8,550
)
Reclassifications from non-accretable discount
(134
)
 
422

 
2,550

 
3,730

Balance at the end of the period
$
67,624

 
$
72,917

 
$
67,624

 
$
72,917

Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score
The following table disaggregates CountryPlace's gross consumer loans receivable as of December 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
$
797

 
$
557

 
$
348

 
$

 
$

 
$
1,702

620-719
13,688

 
9,444

 
3,453

 

 
88

 
26,673

720+
15,320

 
9,979

 
2,515

 

 

 
27,814

Other
59

 

 
453

 

 

 
512

Subtotal
29,864

 
19,980

 
6,769

 

 
88

 
56,701

Conforming mortgages
 
 
 
 
 
 
 
 
 
 
0-619

 

 
165

 
93

 
286

 
544

620-719

 

 
2,332

 
3,368

 
5,999

 
11,699

720+

 

 
322

 
2,952

 
1,992

 
5,266

Other

 

 

 

 

 

Subtotal

 

 
2,819

 
6,413

 
8,277

 
17,509

Non-conforming mortgages
 
 
 
 
 
 
 
 
 
 
0-619
89

 
593

 
1,413

 

 

 
2,095

620-719
1,398

 
5,426

 
3,825

 

 

 
10,649

720+
1,702

 
3,430

 
832

 

 

 
5,964

Other

 

 
314

 

 

 
314

Subtotal
3,189

 
9,449

 
6,384

 

 

 
19,022

Other loans
 
 
 
 
 
 
 
 
 
 
Subtotal

 

 
14

 

 

 
14

 
$
33,053

 
$
29,429

 
$
15,986

 
$
6,413

 
$
8,365

 
$
93,246