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Consumer Loans Receivable (Tables) | 9 Months Ended
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Dec. 26, 2020
Receivables [Abstract] |
Consumer Loans Receivable | The following table summarizes consumer loans receivable (in thousands):
| December 26, 2020 |  | March 28, 2020
Loans held for investment (at Acquisition Date, defined below) | $ | 33,726 |  |  | $ | 37,779 |
Loans held for investment (originated after Acquisition Date) | 17,873 |  |  | 20,140 |
Loans held for sale | 22,014 |  |  | 14,671 |
Construction advances | 13,923 |  |  | 13,400 |
| 87,536 |  |  | 85,990 |
Deferred financing fees and other, net | (2,525) |  |  | (1,919) |
Allowance for loan losses | (3,419) |  |  | (1,767) |
| 81,592 |  |  | 82,304 |
Less current portion | (42,091) |  |  | (32,376) |
| $ | 39,501 |  |  | $ | 49,928 |
Allowance for Loan Loss | 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 |  | Nine Months Ended
| December 26, 2020 |  | December 28, 2019 |  | December 26, 2020 |  | December 28, 2019
Allowance for loan losses at beginning of period | $ | 3,910 |  |  | $ | 415 |  |  | $ | 1,767 |  |  | $ | 415 |
Impact of adoption of ASU 2016-13 | — |  |  | — |  |  | 2,276 |  |  | — |
Change in estimated loan losses, net | (491) |  |  | 16 |  |  | (424) |  |  | 16 |
Charge-offs | — |  |  | — |  |  | (200) |  |  | — |
Recoveries | — |  |  | — |  |  | — |  |  | — |
Allowance for loan losses at end of period | $ | 3,419 |  |  | $ | 431 |  |  | $ | 3,419 |  |  | $ | 431 |
Deliquency Status of Consumer Loans | The following table is a consolidated summary of the delinquency status of the outstanding amortized cost of consumer loans receivable (in thousands):
| December 26, 2020 |  | March 28, 2020
Current | $ | 84,200 |  |  | $ | 83,861 |
31 to 60 days | 834 |  |  | 547 |
61 to 90 days | 178 |  |  | 307 |
91+ days | 2,324 |  |  | 1,275 |
| $ | 87,536 |  |  | $ | 85,990 |
Gross Consumer Loans Receivable by Credit Quality and Fiscal Year of Origination | The following table disaggregates CountryPlace's gross consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):
| December 26, 2020 |  |
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | Total |  | March 28, 2020
Prime- FICO score 680 and greater | $ | 21,087 |  |  | $ | 4,191 |  |  | $ | 1,832 |  |  | $ | 996 |  |  | $ | 1,761 |  |  | $ | 24,582 |  |  | $ | 54,449 |  |  | $ | 55,513 |
Near Prime- FICO score 620-679 | 11,502 |  |  | 4,074 |  |  | 1,809 |  |  | 1,141 |  |  | 614 |  |  | 10,875 |  |  | 30,015 |  |  | 27,767 |
Sub-Prime- FICO score less than 620 | 426 |  |  | 54 |  |  | — |  |  | — |  |  | 85 |  |  | 1,786 |  |  | 2,351 |  |  | 2,142 |
No FICO score | 151 |  |  | — |  |  | 28 |  |  | — |  |  | — |  |  | 542 |  |  | 721 |  |  | 568 |
| $ | 33,166 |  |  | $ | 8,319 |  |  | $ | 3,669 |  |  | $ | 2,137 |  |  | $ | 2,460 |  |  | $ | 37,785 |  |  | $ | 87,536 |  |  | $ | 85,990 |

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