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Consumer Loans Receivable (Tables) | 6 Months Ended
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Oct. 02, 2021
Receivables [Abstract] |
Consumer Loans Receivable | The following table summarizes consumer loans receivable (in thousands):
| October 2, 2021 |  | April 3, 2021
Loans held for investment, previously securitized | $ | 28,631 |  |  | $ | 31,949 |
Loans held for investment | 16,207 |  |  | 18,690 |
Loans held for sale | 10,253 |  |  | 15,587 |
Construction advances | 7,485 |  |  | 13,801 |
| 62,576 |  |  | 80,027 |
Deferred financing fees and other, net | (1,178) |  |  | (2,041) |
Allowance for loan losses | (2,799) |  |  | (3,188) |
| 58,599 |  |  | 74,798 |
Less current portion | (26,475) |  |  | (37,690) |
| $ | 32,124 |  |  | $ | 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 |  | Six Months Ended
| October 2, 2021 |  | September 26, 2020 |  | October 2, 2021 |  | September 26, 2020
Allowance for loan losses at beginning of period | $ | 2,918 |  |  | $ | 4,012 |  |  | $ | 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 | 210 |  |  | (94) |  |  | (57) |  |  | 67 |
Charge-offs | (329) |  |  | (8) |  |  | (332) |  |  | (200) |
Allowance for loan losses at end of period | $ | 2,799 |  |  | $ | 3,910 |  |  | $ | 2,799 |  |  | $ | 3,910 |
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):
| October 2, 2021 |  | April 3, 2021
Current | $ | 59,602 |  |  | $ | 76,378 |
31 to 60 days | 110 |  |  | 508 |
61 to 90 days | 2,502 |  |  | 21 |
91+ days | 362 |  |  | 3,120 |
| $ | 62,576 |  |  | $ | 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):
| October 2, 2021
| 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Total
Prime- FICO score 680 and greater | $ | 6,664 |  |  | $ | 5,077 |  |  | $ | 2,776 |  |  | $ | 1,408 |  |  | $ | 765 |  |  | $ | 22,669 |  |  | $ | 39,359 |
Near Prime- FICO score 620-679 | 2,247 |  |  | 3,445 |  |  | 2,175 |  |  | 1,856 |  |  | 1,354 |  |  | 9,978 |  |  | 21,055 |
Sub-Prime- FICO score less than 620 | — |  |  | 21 |  |  | 53 |  |  | — |  |  | — |  |  | 1,547 |  |  | 1,621 |
No FICO score | — |  |  | 149 |  |  | 19 |  |  | 27 |  |  | — |  |  | 346 |  |  | 541 |
| $ | 8,911 |  |  | $ | 8,692 |  |  | $ | 5,023 |  |  | $ | 3,291 |  |  | $ | 2,119 |  |  | $ | 34,540 |  |  | $ | 62,576 |
| 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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