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Commercial Loans Receivable (Tables)
9 Months Ended
Dec. 30, 2023
Receivables [Abstract]  
Commercial Loans Receivables
Commercial loans receivable, net consisted of the following (in thousands):
December 30,
2023
April 1,
2023
Loans receivable$94,178 $103,726 
Allowance for loan losses (1,423)(1,586)
Deferred financing fees, net(183)(163)
92,572 101,977 
Less current portion of commercial loans receivable (including from affiliates), net(50,952)(44,054)
$41,620 $57,923 
Commercial Loans Receivables by Class and Internal Credit Quality Indicator The following table disaggregates the outstanding principal balance of our commercial loans receivable by fiscal year of origination (in thousands):
December 30, 2023
20242023202220212020PriorTotal
Performing
$48,598 $34,344 $6,522 $2,462 $1,478 $774 $94,178 
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 December 30, 2023, we had concentrations of our outstanding principal balance of the commercial loans receivable balance in New York of 15% and California of 16%. 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 December 30, 2023 or April 1, 2023.