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Consumer Loans Receivable (Tables) | 12 Months Ended
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Mar. 30, 2013
Receivables [Abstract] |
Consumer Loans Receivable | The following table summarizes consumer loans receivable (in thousands):
| March 30, 2013 |  | March 31, 2012
Loans held for investment (acquired on Palm Harbor Acquisition Date) | $ | 99,854 |  |  | $ | 110,629 |
Loans held for investment (originated after Palm Harbor Acquisition Date) | 606 |  |  | 511 |
Loans held for sale | 7,410 |  |  | 4,534 |
Construction advances | 3,597 |  |  | 3,865 |
Consumer loans receivable | 111,467 |  |  | 119,539 |
Deferred financing fees and other, net | (477 | ) |  | (240 | )
Consumer loans receivable, net | $ | 110,990 |  |  | $ | 119,299 |
Acquired Consumer Loans Receivable Held for Investment |
| March 30, 2013 |  | March 31, 2012
| (In thousands)
Consumer loans receivable held for investment – contractual amount | $ | 263,038 |  |  | $ | 293,818 |
Purchase Discount |  |  |
Accretable | (91,291 | ) |  | (106,949 | )
Non-accretable | (71,451 | ) |  | (75,928 | )
Less consumer loans receivable reclassified as other assets | (442 | ) |  | (312 | )
Total acquired consumer loans receivable held for investment, net | $ | 99,854 |  |  | $ | 110,629 |
Accretable Yield Movement on Acquired Consumer Loans Receivable | The changes in accretable yield on acquired consumer loans receivable held for investment were as follows (in thousands):
| Year Ended
| March 30, 2013 |  | March 31, 2012
Balance at the beginning of the period | $ | 106,949 |  |  | $ | — |
Additions | — |  |  | 118,335 |
Accretion | (13,554 | ) |  | (15,013 | )
Reclassifications (to) from nonaccretable discount | (2,104 | ) |  | 3,627 |
Balance at the end of the period | $ | 91,291 |  |  | $ | 106,949 |
Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score | The following table disaggregates CountryPlace’s gross consumer loans receivable as of March 30, 2013, for each class by portfolio segment and credit quality indicator as of the time of origination (in thousands):
| Consumer Loans Held for Investment |  |  |  | Consumer |  |
| Securitized 2005 |  | Securitized 2007 |  | Unsecuritized |  | Construction Advances |  | Loans Held For Sale |  | Total
Asset Class |  |  |  |  |  |  |  |  |  |  |
Credit Quality Indicator |  |  |  |  |  |  |  |  |  |
Chattel loans |  |  |  |  |  |  |  |  |  |  |
0-619 | $ | 1,307 |  |  | $ | 832 |  |  | $ | 875 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,014 |
620-719 | 19,169 |  |  | 12,882 |  |  | 1,097 |  |  | — |  |  | — |  |  | 33,148 |
720+ | 21,888 |  |  | 14,386 |  |  | 658 |  |  | — |  |  | — |  |  | 36,932 |
Subtotal | 42,364 |  |  | 28,100 |  |  | 2,630 |  |  | — |  |  | — |  |  | 73,094 |
Conforming mortgages |  |  |  |  |  |  |  |  |  |  |
0-619 | — |  |  | — |  |  | 275 |  |  | 48 |  |  | 59 |  |  | 382 |
620-719 | — |  |  | — |  |  | 1,536 |  |  | 2,569 |  |  | 4,414 |  |  | 8,519 |
720+ | — |  |  | — |  |  | 11 |  |  | 980 |  |  | 2,937 |  |  | 3,928 |
Subtotal | — |  |  | — |  |  | 1,822 |  |  | 3,597 |  |  | 7,410 |  |  | 12,829 |
Non-conforming mortgages |  |  |  |  |  |  |  |  |  |  |
0-619 | 96 |  |  | 836 |  |  | 2,398 |  |  | — |  |  | — |  |  | 3,330 |
620-719 | 2,027 |  |  | 7,124 |  |  | 4,874 |  |  | — |  |  | — |  |  | 14,025 |
720+ | 1,970 |  |  | 4,751 |  |  | 1,451 |  |  | — |  |  | — |  |  | 8,172 |
Subtotal | 4,093 |  |  | 12,711 |  |  | 8,723 |  |  | — |  |  | — |  |  | 25,527 |
Other loans |  |  |  |  |  |  |  |  |  |  |
Subtotal | — |  |  | — |  |  | 17 |  |  | — |  |  | — |  |  | 17 |
| $ | 46,457 |  |  | $ | 40,811 |  |  | $ | 13,192 |  |  | $ | 3,597 |  |  | $ | 7,410 |  |  | $ | 111,467 |
Geographic Concentration of Consumer Loans Receivable | Consumer loans receivable are located in the key states shown below with the corresponding percentage of loans aged 61 days or more:
|  | March 30, 2013
|  |  |  | Aging 61 days or more
|  | Portfolio |  | Percent of state’s |  | Percent of total
State |  | concentration |  | loan balance |  | loan balance
Texas |  | 41.9 | % |  | 1.77 | % |  | 0.74 | %
Florida |  | 6.7 | % |  | 2.26 | % |  | 0.15 | %
New Mexico |  | 6.6 | % |  | 2.44 | % |  | 0.16 | %
Arizona |  | 6.2 | % |  | 3.05 | % |  | 0.19 | %
Alabama |  | 5.8 | % |  | 1.62 | % |  | 0.09 | %
California |  | 2.2 | % |  | 3.18 | % |  | 0.07 | %
All others |  | 30.6 | % |  | 3.35 | % |  | 1.03 | %
|  | 100.0 | % |  |  |  | 2.43 | %

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