XML 45 R36.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Commercial Loans Receivable (Tables) | 9 Months Ended
--- | ---
Jan. 01, 2022
Receivables [Abstract] |
Commercial Loans Receivables | Commercial loans receivable, net consisted of the following (in thousands):
| January 1, 2022 |  | April 3, 2021
Loans receivable | $ | 68,218 |  |  | $ | 45,377 |
Allowance for loan losses | (1,130) |  |  | (816) |
Deferred financing fees, net | (116) |  |  | (247) |
| 66,972 |  |  | 44,314 |
Less current portion of commercial loans receivable (including from affiliates), net | (29,525) |  |  | (19,232) |
| $ | 37,447 |  |  | $ | 25,082 |
Changes in the Allowance for Loan Losses on Commercial Loans Receivables | 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
| January 1, 2022 |  | December 26, 2020 |  | January 1, 2022 |  | December 26, 2020
Balance at beginning of period | $ | 826 |  |  | $ | 789 |  |  | $ | 816 |  |  | $ | 393 |
Impact of adoption of ASU 2016-13 | — |  |  | — |  |  | — |  |  | 435 |
Change in estimated loan losses, net | 304 |  |  | (24) |  |  | 314 |  |  | (63) |
Balance at end of period | $ | 1,130 |  |  | $ | 765 |  |  | $ | 1,130 |  |  | $ | 765 |
Commercial Loans Receivables by Class and Internal Credit Quality Indicator | The following table disaggregates our commercial loans receivable by fiscal year of origination (in thousands):
|  | January 1, 2022 |  |  |  |
|  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Total |  |  |  |
Performing |  | $ | 46,755 |  |  | $ | 13,529 |  |  | $ | 4,818 |  |  | $ | 2,050 |  |  | $ | 605 |  |  | $ | 461 |  |  | $ | 68,218 |  |  |  |  |
|  | April 3, 2021 |  |  |  |
|  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | 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 January 1, 2022, 20% of our outstanding commercial loans receivable principal balance was concentrated in Pennsylvania and 13% was concentrated in New York. As of April 3, 2021, 13% of our 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 January 1, 2022 or April 3, 2021.

X
- Definition Tabular disclosure of geographic concentration of commercial loans receivables by key state. + References No definition available. + Details
Name: | cvco_CommercialLoansReceivablesGeographicConcentrationTableTextBlock
Namespace Prefix: | cvco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Commercial Loans Receivables. + References No definition available. + Details
Name: | cvco_CommercialLoansReceivablesTableTextBlock
Namespace Prefix: | cvco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesNoncurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration