XML 50 R36.htm IDEA: XBRL DOCUMENT v3.23.3
Consumer Loans Receivable (Tables)
 6 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Consumer Loans Receivable
The following table summarizes consumer loans receivable (in thousands):
September 30,
2023		April 1,
2023
Loans held for investment, previously securitized$18,756 $21,000 
Loans held for investment13,045 13,117 
Loans held for sale5,208 10,846 
Construction advances84 706 
37,093 45,669 
Deferred financing fees and other, net(312)(368)
Allowance for loan losses(1,045)(1,153)
35,736 44,148 
Less current portion(10,503)(17,019)
$25,233 $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 EndedSix Months Ended
September 30,
2023		October 1,
2022		September 30,
2023		October 1,
2022
Allowance for loan losses at beginning of period$1,144 $1,905 $1,153 $2,115 
Change in estimated loan losses, net(99)(166)(108)(376)
Charge-offs— — — (19)
Recoveries— — — 19 
Allowance for loan losses at end of period$1,045 $1,739 $1,045 $1,739 
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):
September 30,
2023		April 1,
2023
Current$35,457 $43,252 
31 to 60 days157 1,247 
61 to 90 days185 213 
91+ days1,294 957 
$37,093 $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):
September 30, 2023
20242023202220212020PriorTotal
Prime- FICO score 680 and greater
$4,009 $668 $182 $991 $1,945 $16,007 $23,802 
Near Prime- FICO score 620-679
546 — — 1,217 1,062 9,238 12,063 
Sub-Prime- FICO score less than 620
— — — 18 50 834 902 
No FICO score
— — — — — 326 326 
$4,555 $668 $182 $2,226 $3,057 $26,405 $37,093 
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