Debt Obligations (Tables)

3 Months Ended

Jul. 02, 2016

Debt obligations consist of amounts related to loans sold that did not qualify for loan sale accounting treatment. The following table summarizes debt obligations (in thousands):



	July 2, 2016		April 2, 2016
Acquired securitized financings (acquired as part of the Palm Harbor transaction)
Securitized financing 2005-1	$	26,545	$	27,481
Securitized financing 2007-1	27,957		28,859
Other secured financings	4,965		4,831
Total securitized financings and other, net	$	59,467	$	61,171

Acquired Securitized Financings

The following table summarizes acquired securitized financings (in thousands):



	July 2, 2016			April 2, 2016
Securitized financings – contractual amount	$	65,961		$	68,673
Purchase discount
Accretable	(11,459		)	(12,333		)
Non-accretable (1)	—			—
Total acquired securitized financings, net	$	54,502		$	56,340

(1) There is no non-accretable difference, as the contractual payments on acquired securitized financing are determined by the cash collections from the underlying loans.

Accretable Yield Movement on Acquired Securitized Financings

The changes in accretable yield on securitized financings were as follows (in thousands):



	Three Months Ended
	July 2, 2016			June 27, 2015
Balance at the beginning of the period	$	12,333		$	12,128
Accretion	(968		)	(812		)
Adjustment to cash flows	94			(575		)
Balance at the end of the period	$	11,459		$	10,741