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Commercial Loans Receivables (Tables) | 12 Months Ended
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Apr. 02, 2022
Receivables [Abstract] |
Commercial Loans Receivables | Commercial loans receivable, net consisted of the following, by class of financing notes receivable (in thousands):
| April 2, 2022 |  | April 3, 2021
Loans receivable | $ | 69,693 |  |  | $ | 45,377 |
Allowance for loan losses | (1,011) |  |  | (816) |
Deferred financing fees, net | (116) |  |  | (247) |
| 68,566 |  |  | 44,314 |
Less current portion of commercial loans receivable (including from affiliates), net | (32,644) |  |  | (19,232) |
| $ | 35,922 |  |  | $ | 25,082 |
Commercial Loans Receivable Characteristics | The commercial loans receivable balance had the following characteristics:
| April 2, 2022 |  | April 3, 2021
Weighted average contractual interest rate | 6.4 | % |  | 6.4 | %
Weighted average months outstanding | 9 |  | 11
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 2, 2022 |  | April 3, 2021
Balance at beginning of period | $ | 816 |  |  | $ | 393 |
Impact of adoption of ASU 2016-13 | — |  |  | 435 |
Purchase accounting additions | 408 |  |  | — |
Change in estimated loan losses, net | (213) |  |  | (12) |
Loans charged off, net of recoveries | — |  |  | — |
Balance at end of period | $ | 1,011 |  |  | $ | 816 |
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 2, 2022 |  |  |
|  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Total |  |  |  |
Performing |  | $ | 52,592 |  |  | $ | 10,181 |  |  | $ | 4,031 |  |  | $ | 1,391 |  |  | $ | 1,498 |  |  | $ | 69,693 |  |  |  |  |
| April 3, 2021 |  |  |
|  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Total |  |  |  |
Performing |  | $ | 30,627 |  |  | $ | 8,677 |  |  | $ | 3,206 |  |  | $ | 1,864 |  |  | $ | 1,003 |  |  | $ | 45,377 |  |  |  |  |
Geographic Concentration of Commercial Loans Receivables in Key States | As of April 2, 2022, 24.9% of our outstanding commercial loans receivable principal balance was concentrated in New York. As of April 3, 2021, 13.1% of the outstanding commercial loans receivable principal balance was concentrated in Arizona. No other state had concentrations in excess of 10% of the principal balance of the commercial loans receivable as of April 2, 2022 or April 3, 2021.

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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 https://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 https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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