XML 48 R38.htm IDEA: XBRL DOCUMENT
v3.20.2

Commercial Loans Receivables (Tables) | 3 Months Ended
--- | ---
Jun. 27, 2020
Receivables [Abstract] |
Commercial Loans Receivables | Commercial loans receivable, net consisted of the following, by class of financing notes receivable (in thousands):
| June 27, 2020 |  | March 28, 2020
Direct loans receivable | $ | 44,915 |  |  | $ | 47,058 |
Participation loans receivable | 166 |  |  | 144 |
Allowance for loan losses | (828) |  |  | (393) |
Deferred financing fees, net | (244) |  |  | (244) |
| $ | 44,009 |  |  | $ | 46,565 |
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 (in thousands):
|  |  |  |  | Three Months Ended |  |
|  |  |  |  | June 27, 2020 |  | June 29, 2019
Balance at beginning of period |  |  |  |  | $ | 393 |  |  | $ | 180 |
Impact of adoption of ASU 2016-13 |  |  |  |  | 435 |  |  | — |
Change in estimated loan losses, net |  |  |  |  | — |  |  | 11 |
Loans charged off, net of recoveries |  |  |  |  | — |  |  | — |
Balance at end of period |  |  |  |  | $ | 828 |  |  | $ | 191 |
Commercial Loans Receivables by Class and Internal Credit Quality Indicator | The following table disaggregates the Company's commercial loans receivable by credit quality indicator and fiscal year of origination (in thousands):
|  | June 27, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Total |  | March 28, 2020 |  |  |  |
Risk profile based on payment activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 13,074 |  |  | $ | 18,359 |  |  | $ | 9,370 |  |  | $ | 2,534 |  |  | $ | 1,619 |  |  | $ | 44,956 |  |  | $ | 47,016 |  |  |  |  |
Watch list |  | — |  |  | — |  |  | 125 |  |  | — |  |  | — |  |  | 125 |  |  | 186 |  |  |  |  |
Nonperforming |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
|  | $ | 13,074 |  |  | $ | 18,359 |  |  | $ | 9,495 |  |  | $ | 2,534 |  |  | $ | 1,619 |  |  | $ | 45,081 |  |  | $ | 47,202 |  |  |  |  |
Geographic Concentration of Commercial Loans Receivables in Key States | As of June 27, 2020 and March 28, 2020, 10.0% and 11.0%, respectively, of the Company's outstanding commercial loans receivable principal balance was concentrated in California. Other than California, no state had concentrations in excess of 10% of the principal balance of the consumer loans receivable as of June 27, 2020 or March 28, 2020.

X
- Definition Tabular disclosure of geographic concentration of commercial loans receivables by key state. + References No definition available. + Details
Name: | cvco_CommercialLoansReceivablesGeographicConcentrationTableTextBlock
Namespace Prefix: | cvco_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Commercial Loans Receivables. + References No definition available. + Details
Name: | cvco_CommercialLoansReceivablesTableTextBlock
Namespace Prefix: | cvco_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=121599337&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=121611835&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=121611835&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=121599337&loc=SL82919249-210447 + Details
Name: | us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesNoncurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration