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Commercial Loans Receivables and Allowance for Loan Loss (Tables)
 9 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Inventory Finance Receivables
receivables, net, consist of the following by class of financing notes receivable (in thousands):
 
December 31,
2016
 
April 2,
2016
Direct loans receivable
$
22,433

 
$
24,392

Participation loans receivable
1,103

 
1,278

Allowance for loan loss
(130
)
 
(128
)
 
$
23,406

 
$
25,542
Changes in the Allowance for Loan Losses on Inventory Finance Receivables
he following table represents changes in the estimated allowance for loan losses, including related additions and deductions to the allowance for loan loss applicable to the direct programs (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
December 31,
2016
 
December 26,
2015
 
December 31,
2016
 
December 26,
2015
Balance at beginning of period
$
126

 
$
110

 
$
128

 
$
73

Provision for inventory finance credit losses
4

 
6

 
2

 
43

Loans charged off, net of recoveries
—

 
—

 
—

 
—

Balance at end of period
$
130

 
$
116

 
$
130

 
$
116
Allowance for Loan Losses and Inventory Finance Receivables By Class Individually and Collectively Evaluated for Impairment
The following table disaggregates commercial loans receivable and the estimated allowance for loan loss for each class of financing receivable by evaluation methodology (in thousands):
 
Direct Commercial Loans
 
Participation Commercial Loans
 
December 31,
2016
 
April 2,
2016
 
December 31,
2016
 
April 2,
2016
Inventory finance notes receivable:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
13,016

 
$
12,761

 
$
—

 
$
—

Individually evaluated for impairment
9,417

 
11,631

 
1,103

 
1,278

 
$
22,433

 
$
24,392

 
$
1,103

 
$
1,278

Allowance for loan loss:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
(130
)
 
$
(128
)
 
$
—

 
$
—

Individually evaluated for impairment
—

 
—

 
—

 
—

 
$
(130
)
 
$
(128
)
 
$
—

 
$
—
Inventory Finance Receivables by Class and Internal Credit Quality Indicator
The following table disaggregates the Company's inventory finance receivables by class and credit quality indicator (in thousands):
 
Direct Commercial Loans
 
Participation Commercial Loans
 
December 31,
2016
 
April 2,
2016
 
December 31,
2016
 
April 2,
2016
Risk profile based on payment activity:
 
 
 
 
 
 
 
Performing
$
22,433

 
$
24,392

 
$
1,103

 
$
1,278

Watch list
—

 
—

 
—

 
—

Nonperforming
—

 
—

 
—

 
—

 
$
22,433

 
$
24,392

 
$
1,103

 
$
1,278
Geographic Concentration of Inventory Finance Receivables in Key States
The Company has concentrations of commercial loans receivable related to factory-built homes located in the following states, measured as a percentage of commercial loans receivables principal balance outstanding:
 
December 31,
2016
 
April 2,
2016
Arizona
19.7
%
 
13.3
%
Oregon
15.6
%
 
5.4
%
Indiana
12.8
%
 
7.1
%
Texas
11.0
%
 
33.2
%