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Commercial Loans Receivables and Allowance for Loan Loss (Tables) | 12 Months Ended
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Mar. 28, 2020
Receivables [Abstract] |
Commercial Loans Receivables | Commercial loans receivable, net consisted of the following, by class of financing notes receivable (in thousands):
| March 28, 2020 |  | March 30, 2019
Direct loans receivable | $ | 47,058 |  |  | $ | 42,899 |
Participation loans receivable | 144 |  |  | 495 |
Allowance for loan losses | (393 | ) |  | (180 | )
Deferred financing fees, net | (244 | ) |  | (208 | )
| $ | 46,565 |  |  | $ | 43,006 |
Commercial Loans Receivable Characteristics (Weighted averages) | The commercial loans receivable balance had the following characteristics:
| March 28, 2020 |  | March 30, 2019
Weighted average contractual interest rate | 5.7 | % |  | 5.7 | %
Weighted average months to maturity | 10 |  |  | 7 |
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 March 28, 2020 or March 30, 2019.
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 28, 2020 |  | March 30, 2019
Balance at beginning of period | $ | 180 |  |  | $ | 42 |
Change in estimated loan losses, net | 213 |  |  | 138 |
Loans charged off, net of recoveries | — |  |  | — |
Balance at end of period | $ | 393 |  |  | $ | 180 |
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 direct commercial loans by evaluation methodology (in thousands):
| Direct Commercial Loans
| March 28, 2020 |  | March 30, 2019
Commercial loans receivable: |  |  |
Collectively evaluated for impairment | $ | 16,483 |  |  | $ | 18,018 |
Individually evaluated for impairment | 30,575 |  |  | 24,881 |
| $ | 47,058 |  |  | $ | 42,899 |
Allowance for loan losses: |  |  |
Collectively evaluated for impairment | $ | (324 | ) |  | $ | (180 | )
Individually evaluated for impairment | (69 | ) |  | — |
| $ | (393 | ) |  | $ | (180 | )
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 28, 2020 |  | March 30, 2019 |  | March 28, 2020 |  | March 30, 2019
Risk profile based on payment activity: |  |  |  |  |  |  |
Performing | $ | 46,872 |  |  | $ | 42,899 |  |  | $ | 144 |  |  | $ | 495 |
Watch list | 186 |  |  | — |  |  | — |  |  | — |
Nonperforming | — |  |  | — |  |  | — |  |  | — |
| $ | 47,058 |  |  | $ | 42,899 |  |  | $ | 144 |  |  | $ | 495 |
Geographic Concentration of Commercial Loans Receivables in Key States | in California. As of March 30, 2019, 21.1% was concentrated in California, 16.3% was in Arizona and 10.4% was in Oregon.

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447 Reference 2: 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=118936363&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of allowance for credit loss of financing receivable, classified as noncurrent. + 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=118936363&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + Details
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