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Commercial Loans Receivable (Tables)
9 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Commercial Loans Receivables
Commercial loans receivable (including from affiliates), net consisted of the following (in thousands):
December 31,
2022
April 2,
2022
Loans receivable$79,345 $69,693 
Allowance for loan losses (1,255)(1,011)
Deferred financing fees, net(117)(116)
77,973 68,566 
Less current portion(34,197)(32,644)
$43,776 $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 EndedNine Months Ended
December 31,
2022
January 1,
2022
December 31,
2022
January 1,
2022
Balance at beginning of period
$1,123 $826 $1,011 $816 
Change in estimated loan losses, net
132 304 244 314 
Balance at end of period
$1,255 $1,130 $1,255 $1,130 
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):
December 31, 2022
20232022202120202019PriorTotal
Performing
$52,498 $18,324 $4,770 $2,321 $682 $750 $79,345 
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 December 31, 2022 and April 2, 2022, we had concentrations of our outstanding principal balance of the commercial loans receivable balance in New York of 22% and 25%, respectively. No other state had concentrations in excess of 10% of the outstanding principal balance of the commercial loans receivable as of December 31, 2022 or April 2, 2022.