Consumer Loans Receivable (Tables)

6 Months Ended

Sep. 30, 2012

Consumer Loans Receivable/Inventory Finance Receivables and Allowance for Loan Loss [Abstract]

Consumer Loans Receivable

	September 30,			March 31,
	2012			2012
Loans held for investment (acquired on Palm Harbor Acquisition Date)	$	105,565		$	110,629
Loans held for investment (originated after Palm Harbor Acquisition Date)		627			511
Loans held for sale		5,033			4,534
Loans held—construction advances on non-conforming mortgages		5,381			3,865
Consumer loans receivable		116,606			119,539
Deferred financing fees and other, net		(293	)		(240	)
Consumer loans receivable, net	$	116,313		$	119,299

Acquired Consumer Loans Receivable Held for Investment

	September 30,			March 31,
	2012			2012
	(in thousands)
Consumer loans receivable held for investment – contractual amount	$	281,612		$	293,818
Purchase Discount
Accretable		(102,314	)		(106,949	)
Non-accretable		(73,275	)		(75,928	)
Less consumer loans receivable reclassified as other assets		(458	)		(312	)
Total acquired consumer loans receivable held for investment, net	$	105,565		$	110,629

Accretable Yield Movement on Acquired Consumer Loans Receivable

	Three Months Ended						Six Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Balance at the beginning of the period	$	103,385		$	115,471		$	106,949		$	—
Additions		—			—			—			118,335
Reclassifications from nonaccretable discount		2,460			—			2,460			—
Accretion		(3,531	)		(4,090	)		(7,095	)		(6,954	)
Balance at the end of the period	$	102,314		$	111,381		$	102,314		$	111,381

Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score

	Consumer Loans Held for Investment								Consumer
	Securitized		Securitized				Construction		Loans Held
	2005		2007		Unsecuritized		Advances		For Sale		Total
Asset Class
Credit Quality Indicator
Chattel loans
0-619	$	1,354	$	880	$	905	$	—	$	—	$	3,139
620-719		20,177		13,634		1,110		—		—		34,921
720+		23,023		15,527		698		—		—		39,248
Subtotal		44,554		30,041		2,713		—		—		77,308
Conforming mortgages
0-619		—		—		309		189		—		498
620-719		—		—		1,563		3,431		3,584		8,578
720+		—		—		11		1,761		1,449		3,221
Subtotal		—		—		1,883		5,381		5,033		12,297
Non-conforming mortgages
0-619		97		850		2,622		—		—		3,569
620-719		2,119		7,515		5,125		—		—		14,759
720+		2,179		4,935		1,541		—		—		8,655
Subtotal		4,395		13,300		9,288		—		—		26,983
Other loans
Subtotal		—		—		18		—		—		18
	$	48,949	$	43,341	$	13,902	$	5,381	$	5,033	$	116,606

Geographic Concentration of Consumer Loans Receivable

September 30, 2012
				Aging 61 days or more
	Portfolio			Percent of state’s			Percent of total
State	concentration			loan balance			loan balance
Texas		42.2	%		0.86	%		0.36	%
Florida		7.2	%		2.92	%		0.21	%
New Mexico		6.7	%		1.87	%		0.12	%
Arizona		5.9	%		2.89	%		0.17	%
Alabama		5.5	%		1.45	%		0.08	%
California		2.1	%		3.33	%		0.07	%
All others		30.4	%		4.23	%		1.29	%
		100.0	%					2.30	%