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Commercial Loans Receivables and Allowance for Loan Loss (Tables)
 9 Months Ended
Dec. 30, 2017
Receivables [Abstract]  
Inventory Finance Receivables
receivables, net, consist of the following by class of financing notes receivable (in thousands):
 
December 30,
2017
 
April 1,
2017
Direct loans receivable
$
25,801

 
$
24,959

Participation loans receivable
1,206

 
1,084

Allowance for loan loss
(153
)
 
(210
)
 
$
26,854

 
$
25,833
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 30,
2017
 
December 31,
2016
 
December 30,
2017
 
December 31,
2016
Balance at beginning of period
$
242

 
$
126

 
$
210

 
$
128

Provision for inventory finance credit losses
(89
)
 
4

 
(57
)
 
2

Loans charged off, net of recoveries
—

 
—

 
—

 
—

Balance at end of period
$
153

 
$
130

 
$
153

 
$
130
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 30,
2017
 
April 1,
2017
 
December 30,
2017
 
April 1,
2017
Inventory finance notes receivable:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
15,253

 
$
13,688

 
$
—

 
$
—

Individually evaluated for impairment
10,548

 
11,271

 
1,206

 
1,084

 
$
25,801

 
$
24,959

 
$
1,206

 
$
1,084

Allowance for loan loss:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
(153
)
 
$
(137
)
 
$
—

 
$
—

Individually evaluated for impairment
—

 
(73
)
 
—

 
—

 
$
(153
)
 
$
(210
)
 
$
—

 
$
—
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 30,
2017
 
April 1,
2017
 
December 30,
2017
 
April 1,
2017
Risk profile based on payment activity:
 
 
 
 
 
 
 
Performing
$
25,801

 
$
24,886

 
$
1,206

 
$
1,084

Watch list
—

 
—

 
—

 
—

Nonperforming
—

 
73

 
—

 
—

 
$
25,801

 
$
24,959

 
$
1,206

 
$
1,084
Geographic Concentration of Inventory Finance Receivables in Key States
The Company has concentrations of commercial loans receivable related to factory-built homes in excess of 10% located in the following states, measured as a percentage of commercial loans receivables principal balance outstanding:
 
December 30,
2017
 
April 1,
2017
Arizona
15.7
%
 
21.3
%
Oregon
13.8
%
 
15.7
%
Texas
13.1
%
 
11.0
%
Washington
10.7
%
 
6.0
%