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Consumer Loans Receivable (Tables)
9 Months Ended
Dec. 26, 2020
Receivables [Abstract]  
Consumer Loans Receivable
The following table summarizes consumer loans receivable (in thousands):
December 26,
2020
March 28,
2020
Loans held for investment (at Acquisition Date, defined below)$33,726 $37,779 
Loans held for investment (originated after Acquisition Date)17,873 20,140 
Loans held for sale22,014 14,671 
Construction advances13,923 13,400 
87,536 85,990 
Deferred financing fees and other, net(2,525)(1,919)
Allowance for loan losses(3,419)(1,767)
81,592 82,304 
Less current portion(42,091)(32,376)
$39,501 $49,928 
Allowance for Loan Loss
The following table represents changes in the estimated allowance for loan losses, including related additions and deductions to the allowance for loan losses (in thousands):
Three Months EndedNine Months Ended
December 26,
2020
December 28,
2019
December 26,
2020
December 28,
2019
Allowance for loan losses at beginning of period$3,910 $415 $1,767 $415 
Impact of adoption of ASU 2016-13— — 2,276 — 
Change in estimated loan losses, net(491)16 (424)16 
Charge-offs— — (200)— 
Recoveries— — — — 
Allowance for loan losses at end of period$3,419 $431 $3,419 $431 
Deliquency Status of Consumer Loans
The following table is a consolidated summary of the delinquency status of the outstanding amortized cost of consumer loans receivable (in thousands):
December 26,
2020
March 28,
2020
Current$84,200 $83,861 
31 to 60 days834 547 
61 to 90 days178 307 
91+ days2,324 1,275 
$87,536 $85,990 
Gross Consumer Loans Receivable by Credit Quality and Fiscal Year of Origination
The following table disaggregates CountryPlace's gross consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):
December 26, 2020
20212020201920182017PriorTotalMarch 28,
2020
Prime- FICO score 680 and greater
$21,087 $4,191 $1,832 $996 $1,761 $24,582 $54,449 $55,513 
Near Prime- FICO score 620-679
11,502 4,074 1,809 1,141 614 10,875 30,015 27,767 
Sub-Prime- FICO score less than 620
426 54 — — 85 1,786 2,351 2,142 
No FICO score
151 — 28 — — 542 721 568 
$33,166 $8,319 $3,669 $2,137 $2,460 $37,785 $87,536 $85,990