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Debt Obligations (Tables)
 9 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Debt Obligations
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):
 
December 31,
2016
 
April 2,
2016
Acquired securitized financings (acquired as part of the Palm Harbor transaction)
 
 
 
Securitized financing 2005-1
$
24,524

 
$
27,481

Securitized financing 2007-1
26,544

 
28,859

Other secured financings
6,685

 
4,831

Total securitized financings and other, net
$
57,753

 
$
61,171
Acquired Securitized Financings
The following table summarizes acquired securitized financings (in thousands):
 
December 31,
2016
 
April 2,
2016
Securitized financings – contractual amount
$
59,824

 
$
68,673

Purchase discount
 
 
 
Accretable
(8,756
)
 
(12,333
)
Non-accretable (1)
—

 
—

Total acquired securitized financings, net
$
51,068

 
$
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
 
Nine Months Ended
 
December 31,
2016
 
December 26,
2015
 
December 31,
2016
 
December 26,
2015
Balance at the beginning of the period
$
9,790

 
$
13,993

 
$
12,333

 
$
12,128

Accretion
(923
)
 
(1,022
)
 
(2,829
)
 
(2,575
)
Adjustment to cash flows
(111
)
 
(4
)
 
(748
)
 
3,414

Balance at the end of the period
$
8,756

 
$
12,967

 
$
8,756

 
$
12,967