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Commercial Loans Receivables and Allowance for Loan Loss (Tables) | 12 Months Ended
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Mar. 30, 2019
Receivables [Abstract] |
Commercial Loans Receivables | Commercial loans receivable, net, consist of the following by class of financing notes receivable (in thousands):
| March 30, 2019 |  | March 31, 2018
Direct loans receivable | $ | 42,899 |  |  | $ | 16,368 |
Participation loans receivable | 495 |  |  | 275 |
Allowance for loan losses | (180 | ) |  | (42 | )
Deferred financing fees, net | (208 | ) |  | — |
| $ | 43,006 |  |  | $ | 16,601 |
Commercial Loans Receivable Characteristics (Weighted averages) | The commercial loans receivable balance has the following characteristics:
| March 30, 2019 |  | March 31, 2018
Weighted average contractual interest rate | 5.7 | % |  | 4.6 | %
Weighted average months to maturity | 7 |  |  | 6 |
The Company evaluates the potential for loss from its participation loan programs based on the independent lender's overall financial stability, as well as historical experience, and has determined that an applicable allowance for loan losses was not needed at either March 30, 2019 or March 31, 2018.
Changes in the Allowance for Loan Losses on Commercial Loans Receivables | The following table represents changes in the estimated allowance for loan losses, including related additions and deductions to the allowance for loan losses applicable to the direct programs (in thousands):
| Year Ended
| March 30, 2019 |  | March 31, 2018
Balance at beginning of period | $ | 42 |  |  | $ | 210 |
Provision for commercial loan credit losses | 138 |  |  | (168 | )
Loans charged off, net of recoveries | — |  |  | — |
Balance at end of period | $ | 180 |  |  | $ | 42 |
Allowance for Loan Losses andCommercial Loans Receivables By Class Individually and Collectively Evaluated for Impairment | The following table disaggregates commercial loans receivable and the estimated allowance for loan losses for each class of financing receivable by evaluation methodology (in thousands):
| Direct Commercial Loans |  | Participation Commercial Loans
| March 30, 2019 |  | March 31, 2018 |  | March 30, 2019 |  | March 31, 2018
Commercial loans receivable: |  |  |  |  |  |  |
Collectively evaluated for impairment | $ | 18,018 |  |  | $ | 4,193 |  |  | $ | — |  |  | $ | — |
Individually evaluated for impairment | 24,881 |  |  | 12,175 |  |  | 495 |  |  | 275 |
| $ | 42,899 |  |  | $ | 16,368 |  |  | $ | 495 |  |  | $ | 275 |
Allowance for loan losses: |  |  |  |  |  |  |
Collectively evaluated for impairment | $ | (180 | ) |  | $ | (42 | ) |  | $ | — |  |  | $ | — |
Individually evaluated for impairment | — |  |  | — |  |  | — |  |  | — |
| $ | (180 | ) |  | $ | (42 | ) |  | $ | — |  |  | $ | — |
Commercial Loans Receivables by Class and Internal Credit Quality Indicator | The following table disaggregates the Company's commercial loans receivable by class and credit quality indicator (in thousands):
| Direct Commercial Loans |  | Participation Commercial Loans
| March 30, 2019 |  | March 31, 2018 |  | March 30, 2019 |  | March 31, 2018
Risk profile based on payment activity: |  |  |  |  |  |  |
Performing | $ | 42,899 |  |  | $ | 16,368 |  |  | $ | 495 |  |  | $ | 275 |
Watch list | — |  |  | — |  |  | — |  |  | — |
Nonperforming | — |  |  | — |  |  | — |  |  | — |
| $ | 42,899 |  |  | $ | 16,368 |  |  | $ | 495 |  |  | $ | 275 |
Geographic Concentration of Commercial Loans Receivables in Key States | The Company has concentrations of commercial loans receivable related to factory-built homes located in the following states, measured as a percentage of commercial loans receivables principal balance outstanding:
| March 30, 2019 |  | March 31, 2018
California | 21.1 | % |  | 14.4 | %
Arizona | 16.3 | % |  | 16.7 | %
Oregon | 10.4 | % |  | 14.7 | %

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525 + Details
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- Definition Tabular disclosure of the activity in the total allowance for credit losses related to noncurrent financing receivables (such as loans or lease receivables), including the balance in the allowance at the beginning and end of each period, additions charged to operations, direct write-downs charged against the allowance, and recoveries of amounts previously charged off. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
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