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Consumer Loans Receivable (Tables)
3 Months Ended
Jul. 01, 2023
Receivables [Abstract]  
Consumer Loans Receivable
The following table summarizes consumer loans receivable (in thousands):
July 1,
2023
April 1,
2023
Loans held for investment, previously securitized$20,055 $21,000 
Loans held for investment12,880 13,117 
Loans held for sale7,599 10,846 
Construction advances376 706 
40,910 45,669 
Deferred financing fees and other, net(398)(368)
Allowance for loan losses(1,144)(1,153)
39,368 44,148 
Less current portion(13,477)(17,019)
$25,891 $27,129 
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 Ended
July 1,
2023
July 2,
2022
Allowance for loan losses at beginning of period$1,153 $2,115 
Change in estimated loan losses, net(9)(210)
Charge-offs— (19)
Recoveries— 19 
Allowance for loan losses at end of period$1,144 $1,905 
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):
July 1,
2023
April 1,
2023
Current$38,722 $43,252 
31 to 60 days1,040 1,247 
61 to 90 days77 213 
91+ days1,071 957 
$40,910 $45,669 
Gross Consumer Loans Receivable by Credit Quality and Fiscal Year of Origination
The following table disaggregates gross consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):
July 1, 2023
20242023202220212020PriorTotal
Prime- FICO score 680 and greater
$5,378 $1,440 $183 $996 $1,963 $16,864 $26,824 
Near Prime- FICO score 620-679
694 265 — 1,008 1,087 9,680 12,734 
Sub-Prime- FICO score less than 620
— — — 19 50 938 1,007 
No FICO score
— — — — — 345 345 
$6,072 $1,705 $183 $2,023 $3,100 $27,827 $40,910 
April 1, 2023
20232022202120202019PriorTotal
Prime- FICO score 680 and greater
$9,471 $185 $1,051 $1,982 $1,191 $16,601 $30,481 
Near Prime- FICO score 620-679
1,695 — 1,012 1,131 1,550 8,244 13,632 
Sub-Prime- FICO score less than 620
84 — 19 51 — 1,033 1,187 
No FICO score
— — — — 24 345 369 
$11,250 $185 $2,082 $3,164 $2,765 $26,223 $45,669