XML 51 R37.htm IDEA: XBRL DOCUMENT v3.23.3
Commercial Loans Receivable (Tables)
6 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Commercial Loans Receivables
Commercial loans receivable, net consisted of the following (in thousands):
September 30,
2023
April 1,
2023
Loans receivable$96,148 $103,726 
Allowance for loan losses (1,497)(1,586)
Deferred financing fees, net(183)(163)
94,468 101,977 
Less current portion of commercial loans receivable (including from affiliates), net(50,542)(44,054)
$43,926 $57,923 
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 EndedSix Months Ended
September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
Balance at beginning of period
$1,614 $1,054 $1,586 $1,011 
Change in estimated loan losses, net
(117)69 (89)112 
Balance at end of period
$1,497 $1,123 $1,497 $1,123 
Commercial Loans Receivables by Class and Internal Credit Quality Indicator The following table disaggregates our commercial loans receivable by credit quality indicator and fiscal year of origination (in thousands):
September 30, 2023
20242023202220212020PriorTotal
Performing
$34,942 $47,827 $8,306 $2,652 $1,538 $883 $96,148 
April 1, 2023
20232022202120202019PriorTotal
Performing
$80,193 $16,028 $4,071 $2,203 $1,231 $— $103,726 
Geographic Concentration of Commercial Loans Receivables in Key States As of September 30, 2023, we had concentrations of our outstanding principal balance of the commercial loans receivable balance in New York of 16% and California of 11%. As of April 1, 2023, 18% of our outstanding principal balance of the commercial loans receivable balance was in New York. No other state had concentrations in excess of 10% of the outstanding principal balance of the commercial loans receivable as of September 30, 2023 or April 1, 2023.