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Commercial Loans Receivable (Tables)
9 Months Ended
Jan. 01, 2022
Receivables [Abstract]  
Commercial Loans Receivables
Commercial loans receivable, net consisted of the following (in thousands):
January 1,
2022
April 3,
2021
Loans receivable$68,218 $45,377 
Allowance for loan losses (1,130)(816)
Deferred financing fees, net(116)(247)
66,972 44,314 
Less current portion of commercial loans receivable (including from affiliates), net(29,525)(19,232)
$37,447 $25,082 
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 losses (in thousands):
Three Months EndedNine Months Ended
January 1,
2022
December 26,
2020
January 1,
2022
December 26,
2020
Balance at beginning of period
$826 $789 $816 $393 
Impact of adoption of ASU 2016-13— — — 435 
Change in estimated loan losses, net
304 (24)314 (63)
Balance at end of period
$1,130 $765 $1,130 $765 
Commercial Loans Receivables by Class and Internal Credit Quality Indicator The following table disaggregates our commercial loans receivable by fiscal year of origination (in thousands):
January 1, 2022
20222021202020192018PriorTotal
Performing
$46,755 $13,529 $4,818 $2,050 $605 $461 $68,218 
April 3, 2021
20212020201920182017PriorTotal
Performing
$30,627 $8,677 $3,206 $1,864 $1,003 $— $45,377 
Geographic Concentration of Commercial Loans Receivables in Key States As of January 1, 2022, 20% of our outstanding commercial loans receivable principal balance was concentrated in Pennsylvania and 13% was concentrated in New York. As of April 3, 2021, 13% of our outstanding commercial loans receivable principal balance was concentrated in Arizona. No other state had concentrations in excess of 10% of the principal balance of the commercial loans receivable as of January 1, 2022 or April 3, 2021.