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Debt, Finance Lease and Mandatorily Redeemable Noncontrolling Interest Obligations
 6 Months Ended
Oct. 02, 2021
Debt Disclosure [Abstract]  
Debt, Finance Lease and Mandatorily Redeemable Noncontrolling Interest Obligations Debt, Finance Lease and Mandatorily Redeemable Noncontrolling Interest Obligations
The following table summarizes debt, finance lease and mandatorily redeemable noncontrolling interest obligations (in thousands):
October 2,
2021		April 3,
2021
Secured term loan$7,718 $8,210 
Finance lease obligations6,324 304 
Other secured financings
3,052 3,672 
Mandatorily redeemable noncontrolling interest2,471 — 
19,565 12,186 
Less current portion(2,260)(1,851)
$17,305 $10,335 
We entered into secured credit facilities with independent third-party banks to originate and hold consumer home-only loans secured by manufactured homes, which were pledged as collateral to the facilities. Those facilities have since been converted into an amortizing loan with maturity dates starting in 2028 and payments based on a 20 or 25-year amortization period, resulting in a balloon payment due upon maturity. The outstanding balance of the converted loans was $7.7 million as of October 2, 2021 and $8.2 million as of April 3, 2021 with a weighted average interest rate of 4.91%.