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Consumer Loans Receivable (Tables) | 3 Months Ended
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Jul. 03, 2021
Receivables [Abstract] |
Consumer Loans Receivable | The following table summarizes consumer loans receivable (in thousands):
| July 3, 2021 |  | April 3, 2021
Loans held for investment, previously securitized | $ | 30,384 |  |  | $ | 31,949 |
Loans held for investment | 17,565 |  |  | 18,690 |
Loans held for sale | 13,542 |  |  | 15,587 |
Construction advances | 10,479 |  |  | 13,801 |
| 71,970 |  |  | 80,027 |
Deferred financing fees and other, net | (1,528) |  |  | (2,041) |
Allowance for loan losses | (2,918) |  |  | (3,188) |
| 67,524 |  |  | 74,798 |
Less current portion | (32,429) |  |  | (37,690) |
| $ | 35,095 |  |  | $ | 37,108 |
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
|  |  |  |  | July 3, 2021 |  | June 27, 2020
Allowance for loan losses at beginning of period |  |  |  |  | $ | 3,188 |  |  | $ | 1,767 |
Impact of adoption of Financial Accounting Standards Board's Accounting Standards Update 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13") |  |  |  |  | — |  |  | 2,276 |
Change in estimated loan losses, net |  |  |  |  | (267) |  |  | 161 |
Charge-offs |  |  |  |  | (3) |  |  | (192) |
Allowance for loan losses at end of period |  |  |  |  | $ | 2,918 |  |  | $ | 4,012 |
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):
| July 3, 2021 |  | April 3, 2021
Current | $ | 68,258 |  |  | $ | 76,378 |
31 to 60 days | 192 |  |  | 508 |
61 to 90 days | 3,112 |  |  | 21 |
91+ days | 408 |  |  | 3,120 |
| $ | 71,970 |  |  | $ | 80,027 |
Gross Consumer Loans Receivable by Credit Quality and Fiscal Year of Origination | The following tables disaggregate gross consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):
| July 3, 2021
| 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Total
Prime- FICO score 680 and greater | $ | 5,068 |  |  | $ | 10,500 |  |  | $ | 2,970 |  |  | $ | 1,578 |  |  | $ | 770 |  |  | $ | 24,028 |  |  | $ | 44,914 |
Near Prime- FICO score 620-679 | 2,312 |  |  | 6,528 |  |  | 2,159 |  |  | 1,676 |  |  | 1,360 |  |  | 10,353 |  |  | 24,388 |
Sub-Prime- FICO score less than 620 | — |  |  | 260 |  |  | 53 |  |  | — |  |  | — |  |  | 1,605 |  |  | 1,918 |
No FICO score | 150 |  |  | 149 |  |  | — |  |  | 27 |  |  | — |  |  | 424 |  |  | 750 |
| $ | 7,530 |  |  | $ | 17,437 |  |  | $ | 5,182 |  |  | $ | 3,281 |  |  | $ | 2,130 |  |  | $ | 36,410 |  |  | $ | 71,970 |
| April 3, 2021
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | Total
Prime- FICO score 680 and greater | $ | 18,250 |  |  | $ | 3,575 |  |  | $ | 1,718 |  |  | $ | 971 |  |  | $ | 1,959 |  |  | $ | 23,375 |  |  | $ | 49,848 |
Near Prime- FICO score 620-679 | 10,227 |  |  | 2,744 |  |  | 1,794 |  |  | 1,364 |  |  | 500 |  |  | 10,401 |  |  | 27,030 |
Sub-Prime- FICO score less than 620 | 348 |  |  | 53 |  |  | — |  |  | — |  |  | 84 |  |  | 1,579 |  |  | 2,064 |
No FICO score | 576 |  |  | — |  |  | 28 |  |  | — |  |  | — |  |  | 481 |  |  | 1,085 |
| $ | 29,401 |  |  | $ | 6,372 |  |  | $ | 3,540 |  |  | $ | 2,335 |  |  | $ | 2,543 |  |  | $ | 35,836 |  |  | $ | 80,027 |

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