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Commercial Loans Receivable (Tables)
3 Months Ended
Jul. 02, 2022
Receivables [Abstract]  
Commercial Loans Receivables
Commercial loans receivable (including from affiliates), net consisted of the following (in thousands):
July 2,
2022
April 2,
2022
Loans receivable$73,489 $69,693 
Allowance for loan losses (1,054)(1,011)
Deferred financing fees, net(117)(116)
72,318 68,566 
Less current portion(33,855)(32,644)
$38,463 $35,922 
Changes in the Allowance for Loan Losses on Commercial Loans Receivables
The following table represents changes in the estimated allowance for loan losses (in thousands):
Three Months Ended
July 2,
2022
July 3,
2021
Balance at beginning of period
$1,011 $816 
Change in estimated loan losses, net
43 (31)
Balance at end of period
$1,054 $785 
Commercial Loans Receivables by Class and Internal Credit Quality Indicator The following table disaggregates the principal value of our commercial loans receivable by fiscal year of origination (in thousands):
July 2, 2022
20232022202120202019PriorTotal
Performing
$26,909 $32,564 $8,326 $3,165 $1,371 $1,154 $73,489 
April 2, 2022
20222021202020192018PriorTotal
Performing
$52,592 $10,181 $4,031 $1,391 $1,498 $— $69,693 
Geographic Concentration of Commercial Loans Receivables in Key States As of July 2, 2022 and April 2, 2022, we had concentrations of our outstanding commercial loans receivable balance in New York of 20% and 25%, respectively. No other state had concentrations in excess of 10% of the principal balance of the commercial loans receivable as of July 2, 2022 or April 2, 2022.