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Consumer Loans Receivable (Tables) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Mar. 31, 2018 | Sep. 29, 2018
Receivables [Abstract] |  |
Consumer Loans Receivable |  | The following table summarizes consumer loans receivable (in thousands):
| September 29, 2018 |  | March 31, 2018
Loans held for investment (at Acquisition Date) | $ | 47,948 |  |  | $ | 51,798 |
Loans held for investment (originated after Acquisition Date) | 23,469 |  |  | 21,183 |
Loans held for sale | 13,258 |  |  | 12,830 |
Construction advances | 11,001 |  |  | 11,088 |
Consumer loans receivable | 95,676 |  |  | 96,899 |
Deferred financing fees and other, net | (1,917 | ) |  | (1,551 | )
Allowance for loan losses | (411 | ) |  | (397 | )
| $ | 93,348 |  |  | $ | 94,951 |
Acquired Consumer Loans Receivable Held for Investment |  |
| September 29, 2018 |  | March 31, 2018
| (in thousands)
Consumer loans receivable held for investment – contractual amount | $ | 110,136 |  |  | $ | 120,096 |
Purchase discount |  |  |
Accretable | (40,937 | ) |  | (44,481 | )
Non-accretable | (21,138 | ) |  | (23,711 | )
Less consumer loans receivable reclassified as other assets | (113 | ) |  | (106 | )
Total acquired consumer loans receivable held for investment, net | $ | 47,948 |  |  | $ | 51,798 |
Loans and Leases Receivable, Other Information |  | The weighted averages of assumptions used in the calculation of expected cash flows to be collected were as follows:
| September 29, 2018 |  | March 31, 2018
Prepayment rate | 16.2 | % |  | 16.0 | %
Default rate | 1.2 | % |  | 1.2 | %
Assuming there was a 1% unfavorable variation from the expected level, for each key assumption, the expected cash flows for the life of the portfolio, as of September 29, 2018, would decrease by approximately $1.1 million and $3.2 million for the expected prepayment rate and expected default rate, respectively.
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):
| Three Months Ended |  | Six Months Ended
| September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
Balance at the beginning of the period | $ | 42,873 |  |  | $ | 54,912 |  |  | $ | 44,481 |  |  | $ | 56,686 |
Accretion | (1,968 | ) |  | (2,163 | ) |  | (3,867 | ) |  | (4,373 | )
Reclassifications from (to) non-accretable discount | 32 |  |  | (1,569 | ) |  | 323 |  |  | (1,133 | )
Balance at the end of the period | $ | 40,937 |  |  | $ | 51,180 |  |  | $ | 40,937 |  |  | $ | 51,180 |
Gross Consumer Loans Receivable by Portfolio Segment and Credit Risk Score |
| March 31, 2018
| Consumer Loans Held for Investment |  |  |  |  |  |
| Securitized 2005 |  | Securitized 2007 |  | Unsecuritized |  | Construction Advances |  | Consumer Loans Held For Sale |  | Total
Asset Class |  |  |  |  |  |  |  |  |  |  |
Credit Quality Indicator (FICO® score) |  |  |  |  |  |  |  |
Chattel loans |  |  |  |  |  |  |  |  |  |  |
0-619 | $ | 465 |  |  | $ | 354 |  |  | $ | 330 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,149 |
620-719 | 10,102 |  |  | 7,107 |  |  | 8,587 |  |  | — |  |  | 245 |  |  | 26,041 |
720+ | 10,594 |  |  | 6,410 |  |  | 11,285 |  |  | — |  |  | 155 |  |  | 28,444 |
Other | 49 |  |  | — |  |  | 403 |  |  | — |  |  | — |  |  | 452 |
Subtotal | 21,210 |  |  | 13,871 |  |  | 20,605 |  |  | — |  |  | 400 |  |  | 56,086 |
Conforming mortgages |  |  |  |  |  |  |  |  |  |
0-619 | — |  |  | — |  |  | 156 |  |  | 141 |  |  | 179 |  |  | 476 |
620-719 | — |  |  | — |  |  | 2,137 |  |  | 6,428 |  |  | 6,479 |  |  | 15,044 |
720+ | — |  |  | — |  |  | 199 |  |  | 4,519 |  |  | 5,663 |  |  | 10,381 |
Subtotal | — |  |  | — |  |  | 2,608 |  |  | 11,088 |  |  | 12,430 |  |  | 26,126 |
Non-conforming mortgages |  |  |  |  |  |  |  |  |  |
0-619 | 82 |  |  | 405 |  |  | 1,047 |  |  | — |  |  | — |  |  | 1,534 |
620-719 | 1,120 |  |  | 4,378 |  |  | 3,093 |  |  | — |  |  | — |  |  | 8,591 |
720+ | 1,348 |  |  | 2,526 |  |  | 395 |  |  | — |  |  | — |  |  | 4,269 |
Other | — |  |  | — |  |  | 282 |  |  | — |  |  | — |  |  | 282 |
Subtotal | 2,550 |  |  | 7,309 |  |  | 4,817 |  |  | — |  |  | — |  |  | 14,676 |
Other loans | — |  |  | — |  |  | 11 |  |  | — |  |  | — |  |  | 11 |
| $ | 23,760 |  |  | $ | 21,180 |  |  | $ | 28,041 |  |  | $ | 11,088 |  |  | $ | 12,830 |  |  | $ | 96,899 |
| The following table disaggregates the Company's gross consumer loans receivable for each class by portfolio segment and credit quality indicator as of the time of origination (in thousands):
| September 29, 2018
| Consumer Loans Held for Investment |  |  |  |  |  |
| Securitized 2005 |  | Securitized 2007 |  | Unsecuritized |  | Construction Advances |  | Consumer Loans Held For Sale |  | Total
Asset Class |  |  |  |  |  |  |  |  |  |  |
Credit Quality Indicator (FICO® score) |  |  |  |  |  |  |  |
Chattel loans |  |  |  |  |  |  |  |  |  |  |
0-619 | $ | 427 |  |  | $ | 263 |  |  | $ | 317 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,007 |
620-719 | 9,202 |  |  | 6,584 |  |  | 10,228 |  |  | — |  |  | — |  |  | 26,014 |
720+ | 9,850 |  |  | 5,872 |  |  | 11,305 |  |  | — |  |  | 133 |  |  | 27,160 |
Other | 48 |  |  | — |  |  | 479 |  |  | — |  |  | — |  |  | 527 |
Subtotal | 19,527 |  |  | 12,719 |  |  | 22,329 |  |  | — |  |  | 133 |  |  | 54,708 |
Conforming mortgages |  |  |  |  |  |  |  |  |  |
0-619 | — |  |  | — |  |  | 154 |  |  | 26 |  |  | — |  |  | 180 |
620-719 | — |  |  | — |  |  | 2,244 |  |  | 6,291 |  |  | 8,527 |  |  | 17,062 |
720+ | — |  |  | — |  |  | 464 |  |  | 4,684 |  |  | 4,598 |  |  | 9,746 |
Other | — |  |  | — |  |  | 116 |  |  | — |  |  | — |  |  | 116 |
Subtotal | — |  |  | — |  |  | 2,978 |  |  | 11,001 |  |  | 13,125 |  |  | 27,104 |
Non-conforming mortgages |  |  |  |  |  |  |  |  |  |
0-619 | 80 |  |  | 356 |  |  | 1,020 |  |  | — |  |  | — |  |  | 1,456 |
620-719 | 1,050 |  |  | 4,111 |  |  | 2,981 |  |  | — |  |  | — |  |  | 8,142 |
720+ | 1,266 |  |  | 2,394 |  |  | 375 |  |  | — |  |  | — |  |  | 4,035 |
Other | — |  |  | — |  |  | 221 |  |  | — |  |  | — |  |  | 221 |
Subtotal | 2,396 |  |  | 6,861 |  |  | 4,597 |  |  | — |  |  | — |  |  | 13,854 |
Other loans | — |  |  | — |  |  | 10 |  |  | — |  |  | — |  |  | 10 |
| $ | 21,923 |  |  | $ | 19,580 |  |  | $ | 29,914 |  |  | $ | 11,001 |  |  | $ | 13,258 |  |  | $ | 95,676 |

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