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Commercial Loans Receivables and Allowance for Loan Loss (Tables)
 12 Months Ended
Apr. 01, 2017
Receivables [Abstract]  
Commercial Loans Receivables
receivable, net, consist of the following by class of financing notes receivable (in thousands):
 
April 1,
2017
 
April 2,
2016
Direct loans receivable
$
24,959

 
$
24,392

Participation loans receivable
1,084

 
1,278

Allowance for loan loss
(210
)
 
(128
)
 
$
25,833

 
$
25,542
Commercial Loans Receivable Characteristics (Weighted averages) [Table Text Block]
The commercial loans receivable balance has the following characteristics:
 
April 1,
2017
 
April 2,
2016
Weighted average contractual interest rate
5.6
%
 
6.9
%
Weighted average months to maturity
6

 
9

The Company evaluates the potential for loss from its participation loan programs based on the independent lender’s overall financial stability, as well as historical experience, and has determined that an applicable allowance for loan loss was not needed at either April 1, 2017 or April 2, 2016.
Changes in the Allowance for Loan Losses on Commercial Loans Receivables
The 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):
 
Year Ended
 
April 1,
2017
 
April 2,
2016
Balance at beginning of period
$
128

 
$
73

Provision for commercial loan credit losses
82

 
55

Loans charged off, net of recoveries
—

 
—

Balance at end of period
$
210

 
$
128
Allowance for Loan Losses andCommercial Loans 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
 
April 1,
2017
 
April 2,
2016
 
April 1,
2017
 
April 2,
2016
Commercial loans receivable:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
13,688

 
$
12,761

 
$
—

 
$
—

Individually evaluated for impairment
11,271

 
11,631

 
1,084

 
1,278

 
$
24,959

 
$
24,392

 
$
1,084

 
$
1,278

Allowance for loan loss:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
(137
)
 
$
(128
)
 
$
—

 
$
—

Individually evaluated for impairment
(73
)
 
—

 
—

 
—

 
$
(210
)
 
$
(128
)
 
$
—

 
$
—
Commercial Loans Receivables by Class and Internal Credit Quality Indicator
The following table disaggregates the Company’s commercial loans receivable by class and credit quality indicator (in thousands):
 
Direct Commercial Loans
 
Participation Commercial Loans
 
April 1,
2017
 
April 2,
2016
 
April 1,
2017
 
April 2,
2016
Risk profile based on payment activity:
 
 
 
 
 
 
 
Performing
$
24,886

 
$
24,392

 
$
1,084

 
$
1,278

Watch list
—

 
—

 
—

 
—

Nonperforming
73

 
—

 
—

 
—

 
$
24,959

 
$
24,392

 
$
1,084

 
$
1,278
Geographic Concentration of Commercial Loans 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:
 
April 1,
2017
 
April 2,
2016
Arizona
21.3
%
 
13.3
%
Oregon
15.7
%
 
5.4
%
Texas
11.0
%
 
33.2
%
California
11.0
%
 
5.4
%
Indiana
10.7
%
 
7.1
%