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Commercial Loans Receivables and Allowance for Loan Loss (Tables) | 9 Months Ended
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Dec. 28, 2019
Receivables [Abstract] |
Commercial Loans Receivables | Commercial loans receivable, net consisted of the following, by class of financing notes receivable (in thousands):
| December 28, 2019 |  | March 30, 2019
Direct loans receivable | $ | 44,619 |  |  | $ | 42,899 |
Participation loans receivable | 148 |  |  | 495 |
Allowance for loan losses | (162 | ) |  | (180 | )
Deferred financing fees, net | (248 | ) |  | (208 | )
| $ | 44,357 |  |  | $ | 43,006 |
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):
| Three Months Ended |  | Nine Months Ended
| December 28, 2019 |  | December 29, 2018 |  | December 28, 2019 |  | December 29, 2018
Balance at beginning of period | $ | 163 |  |  | $ | 135 |  |  | $ | 180 |  |  | $ | 42 |
Change in estimated loan losses, net | (1 | ) |  | 25 |  |  | (18 | ) |  | 118 |
Loans charged off, net of recoveries | — |  |  | — |  |  | — |  |  | — |
Balance at end of period | $ | 162 |  |  | $ | 160 |  |  | $ | 162 |  |  | $ | 160 |
Allowance for Loan Losses and Commercial 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
| December 28, 2019 |  | March 30, 2019 |  | December 28, 2019 |  | March 30, 2019
Commercial loans receivable: |  |  |  |  |  |  |
Collectively evaluated for impairment | $ | 16,186 |  |  | $ | 18,018 |  |  | $ | — |  |  | $ | — |
Individually evaluated for impairment | 28,433 |  |  | 24,881 |  |  | 148 |  |  | 495 |
| $ | 44,619 |  |  | $ | 42,899 |  |  | $ | 148 |  |  | $ | 495 |
Allowance for loan losses: |  |  |  |  |  |  |
Collectively evaluated for impairment | $ | (162 | ) |  | $ | (180 | ) |  | $ | — |  |  | $ | — |
Individually evaluated for impairment | — |  |  | — |  |  | — |  |  | — |
| $ | (162 | ) |  | $ | (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
| December 28, 2019 |  | March 30, 2019 |  | December 28, 2019 |  | March 30, 2019
Risk profile based on payment activity: |  |  |  |  |  |  |
Performing | $ | 44,619 |  |  | $ | 42,899 |  |  | $ | 148 |  |  | $ | 495 |
Watch list | — |  |  | — |  |  | — |  |  | — |
Nonperforming | — |  |  | — |  |  | — |  |  | — |
| $ | 44,619 |  |  | $ | 42,899 |  |  | $ | 148 |  |  | $ | 495 |
Geographic Concentration of Commercial Loans Receivables in Key States | The Company had concentrations of commercial loans receivables related to factory-built homes in excess of 10% of the commercial loans receivables principal balance located in the following states:
| December 28, 2019 |  | March 30, 2019
California | 20.4 | % |  | 21.1 | %
Arizona | 17.5 | % |  | 16.3 | %

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- Definition Allowance for loan losses and commercial loans receivables by class individually and collectively evaluated for impairment. + References No definition available. + Details
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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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