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Commercial Loans Receivables and Allowance for Loan Loss (Tables)
 3 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Commercial Loans Receivables
receivable, net, consisted of the following by class of financing notes receivable (in thousands):
 
June 30,
2018
 
March 31,
2018
Direct loans receivable
$
30,414

 
$
16,368

Participation loans receivable
332

 
275

Allowance for loan losses
(113
)
 
(42
)
 
$
30,633

 
$
16,601
Changes in the Allowance for Loan Losses on Commercial Loans Receivables
he following table represents changes in the estimated allowance for loan losses, including related additions and deductions to the allowance for loan losses applicable to the direct programs (in thousands):
 
Three Months Ended
 
June 30,
2018
 
July 1,
2017
Balance at beginning of period
$
42

 
$
210

Provision for inventory finance credit losses
71

 
12

Loans charged off, net of recoveries
—

 
—

Balance at end of period
$
113

 
$
222
Allowance for Loan Losses and Commercial Loans Receivables By Class Individually and Collectively Evaluated for Impairment
The following table disaggregates commercial loans receivable and the estimated allowance for loan losses for each class of financing receivable by evaluation methodology (in thousands):
 
Direct Commercial Loans
 
Participation Commercial Loans
 
June 30,
2018
 
March 31,
2018
 
June 30,
2018
 
March 31,
2018
Inventory finance notes receivable:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
11,349

 
$
4,193

 
$
—

 
$
—

Individually evaluated for impairment
19,065

 
12,175

 
332

 
275

 
$
30,414

 
$
16,368

 
$
332

 
$
275

Allowance for loan losses:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
(113
)
 
$
(42
)
 
$
—

 
$
—

Individually evaluated for impairment
—

 
—

 
—

 
—

 
$
(113
)
 
$
(42
)
 
$
—

 
$
—
Commercial Loans 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
 
June 30,
2018
 
March 31,
2018
 
June 30,
2018
 
March 31,
2018
Risk profile based on payment activity:
 
 
 
 
 
 
 
Performing
$
30,414

 
$
16,368

 
$
332

 
$
275

Watch list
—

 
—

 
—

 
—

Nonperforming
—

 
—

 
—

 
—

 
$
30,414

 
$
16,368

 
$
332

 
$
275
Geographic Concentration of Commercial Loans 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:
 
June 30,
2018
 
March 31,
2018
Arizona
16.0
%
 
16.7
%
California
13.4
%
 
14.4
%
Oregon
11.1
%
 
14.7
%
Texas
10.6
%
 
9.0
%