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Commercial Loans Receivables and Allowance for Loan Loss (Tables) | 12 Months Ended
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Apr. 03, 2021
Receivables [Abstract] |
Commercial Loans Receivables | Commercial loans receivable, net consisted of the following, by class of financing notes receivable (in thousands):
| April 3, 2021 |  | March 28, 2020
Loans receivable | $ | 45,377 |  |  | $ | 47,202 |
Allowance for loan losses | (816) |  |  | (393) |
Deferred financing fees, net | (247) |  |  | (244) |
| 44,314 |  |  | 46,565 |
Less current portion of commercial loans receivable (including from affiliates), net | (19,232) |  |  | (15,423) |
| $ | 25,082 |  |  | $ | 31,142 |
Commercial Loans Receivable Characteristics | The commercial loans receivable balance had the following characteristics:
| April 3, 2021 |  | March 28, 2020
Weighted average contractual interest rate | 6.4 | % |  | 5.7 | %
Weighted average months to maturity | 11 |  | 10
Changes in the Allowance for Loan Losses on Commercial Loans Receivables | The following table represents changes in the e stimated allowance for loan losses, including related additions and deductions to the allowance for loan losses (in thousands):
| April 3, 2021 |  | March 28, 2020
Balance at beginning of period | $ | 393 |  |  | $ | 180 |
Impact of adoption of ASU 2016-13 | 435 |  |  | — |
Change in estimated loan losses, net | (12) |  |  | 213 |
Loans charged off, net of recoveries | — |  |  | — |
Balance at end of period | $ | 816 |  |  | $ | 393 |
Commercial Loans Receivables by Class and Internal Credit Quality Indicator | The following table disaggregates our commercial loans receivable by credit quality indicator and fiscal year of origination (in thousands):
|  | April 3, 2021 |  |  |  |  |  |
|  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Total |  | March 28, 2020 |  |  |  |
Risk profile based on payment activity: |  |  |  |
Performing |  | $ | 30,627 |  |  | $ | 8,677 |  |  | $ | 3,206 |  |  | $ | 1,864 |  |  | $ | 1,003 |  |  | $ | 45,377 |  |  | $ | 47,016 |  |  |  |  |
Watch list |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 186 |  |  |  |  |
Nonperforming |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
|  | $ | 30,627 |  |  | $ | 8,677 |  |  | $ | 3,206 |  |  | $ | 1,864 |  |  | $ | 1,003 |  |  | $ | 45,377 |  |  | $ | 47,202 |  |  |  |  |
Geographic Concentration of Commercial Loans Receivables in Key States | As of April 3, 2021, 13% of our outstanding commercial loans receivable principal balance was concentrated in Arizona. As of March 28, 2020, 11% of the outstanding commercial loans receivable principal balance was concentrated in California. No other state had concentrations in excess of 10% of the principal balance of the consumer loans receivable as of April 3, 2021 or March 28, 2020.

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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=124255953&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=123577603&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=123577603&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=124255953&loc=SL82919249-210447 + Details
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