XML 42 R33.htm IDEA: XBRL DOCUMENT
v3.22.2

Commercial Loans Receivable (Tables) | 3 Months Ended
--- | ---
Jul. 02, 2022
Receivables [Abstract] |
Commercial Loans Receivables | Commercial loans receivable (including from affiliates), net consisted of the following (in thousands):
| July 2, 2022 |  | April 2, 2022
Loans receivable | $ | 73,489 |  |  | $ | 69,693 |
Allowance for loan losses | (1,054) |  |  | (1,011) |
Deferred financing fees, net | (117) |  |  | (116) |
| 72,318 |  |  | 68,566 |
Less current portion | (33,855) |  |  | (32,644) |
| $ | 38,463 |  |  | $ | 35,922 |
Changes in the Allowance for Loan Losses on Commercial Loans Receivables | The following table represents changes in the estimated allowance for loan losses (in thousands):
|  |  | Three Months Ended
|  |  |  |  | July 2, 2022 |  | July 3, 2021
Balance at beginning of period |  |  |  |  | $ | 1,011 |  |  | $ | 816 |
Change in estimated loan losses, net |  |  |  |  | 43 |  |  | (31) |
Balance at end of period |  |  |  |  | $ | 1,054 |  |  | $ | 785 |
Commercial Loans Receivables by Class and Internal Credit Quality Indicator | The following table disaggregates the principal value of our commercial loans receivable by fiscal year of origination (in thousands):
|  | July 2, 2022 |  |  |  |
|  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Total |  |  |  |
Performing |  | $ | 26,909 |  |  | $ | 32,564 |  |  | $ | 8,326 |  |  | $ | 3,165 |  |  | $ | 1,371 |  |  | $ | 1,154 |  |  | $ | 73,489 |  |  |  |  |
|  | April 2, 2022 |  |  |  |
|  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Total |  |  |  |
Performing |  | $ | 52,592 |  |  | $ | 10,181 |  |  | $ | 4,031 |  |  | $ | 1,391 |  |  | $ | 1,498 |  |  | $ | — |  |  | $ | 69,693 |  |  |  |  |
Geographic Concentration of Commercial Loans Receivables in Key States | As of July 2, 2022 and April 2, 2022, we had concentrations of our outstanding commercial loans receivable balance in New York of 20% and 25%, respectively. No other state had concentrations in excess of 10% of the principal balance of the commercial loans receivable as of July 2, 2022 or April 2, 2022.

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 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
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 https://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 https://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