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Consumer Loans Receivable (Tables) | 3 Months Ended
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Jul. 02, 2022
Receivables [Abstract] |
Consumer Loans Receivable | The following table summarizes consumer loans receivable (in thousands):
| July 2, 2022 |  | April 2, 2022
Loans held for investment, previously securitized | $ | 24,732 |  |  | $ | 26,014 |
Loans held for investment | 14,670 |  |  | 14,771 |
Loans held for sale | 10,909 |  |  | 8,500 |
Construction advances | 1,908 |  |  | 3,547 |
| 52,219 |  |  | 52,832 |
Deferred financing fees and other, net | (727) |  |  | (833) |
Allowance for loan losses | (1,905) |  |  | (2,115) |
| 49,587 |  |  | 49,884 |
Less current portion | (20,888) |  |  | (20,639) |
| $ | 28,699 |  |  | $ | 29,245 |
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 2, 2022 |  | July 3, 2021
Allowance for loan losses at beginning of period |  |  |  |  | $ | 2,115 |  |  | $ | 3,188 |
Change in estimated loan losses, net |  |  |  |  | (210) |  |  | (267) |
Charge-offs |  |  |  |  | (19) |  |  | (3) |
Recoveries |  |  |  |  | 19 |  |  | — |
Allowance for loan losses at end of period |  |  |  |  | $ | 1,905 |  |  | $ | 2,918 |
Deliquency Status of Consumer Loans | The following table is a consolidated summary of the delinquency status of the outstanding consumer loans receivable (in thousands):
| July 2, 2022 |  | April 2, 2022
Current | $ | 50,382 |  |  | $ | 49,546 |
31 to 60 days | 192 |  |  | 1,202 |
61 to 90 days | 348 |  |  | 41 |
91+ days | 1,297 |  |  | 2,043 |
| $ | 52,219 |  |  | $ | 52,832 |
Gross Consumer Loans Receivable by Credit Quality and Fiscal Year of Origination | The following tables disaggregate the principal value of consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):
| July 2, 2022
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Total
Prime- FICO score 680 and greater | $ | 7,796 |  |  | $ | 3,095 |  |  | $ | 1,092 |  |  | $ | 2,300 |  |  | $ | 1,330 |  |  | $ | 19,940 |  |  | $ | 35,553 |
Near Prime- FICO score 620-679 | 335 |  |  | 727 |  |  | 1,389 |  |  | 1,240 |  |  | 1,962 |  |  | 9,304 |  |  | 14,957 |
Sub-Prime- FICO score less than 620 | — |  |  | — |  |  | 20 |  |  | 52 |  |  | — |  |  | 1,257 |  |  | 1,329 |
No FICO score | — |  |  | — |  |  | — |  |  | — |  |  | 26 |  |  | 354 |  |  | 380 |
| $ | 8,131 |  |  | $ | 3,822 |  |  | $ | 2,501 |  |  | $ | 3,592 |  |  | $ | 3,318 |  |  | $ | 30,855 |  |  | $ | 52,219 |
| April 2, 2022
| 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Total
Prime- FICO score 680 and greater | $ | 8,155 |  |  | $ | 1,615 |  |  | $ | 2,371 |  |  | $ | 1,339 |  |  | $ | 853 |  |  | $ | 20,485 |  |  | $ | 34,818 |
Near Prime- FICO score 620-679 | 1,661 |  |  | 1,274 |  |  | 1,413 |  |  | 1,976 |  |  | 617 |  |  | 9,266 |  |  | 16,207 |
Sub-Prime- FICO score less than 620 | 45 |  |  | 20 |  |  | 52 |  |  | — |  |  | — |  |  | 1,318 |  |  | 1,435 |
No FICO score | — |  |  | — |  |  | — |  |  | 26 |  |  | — |  |  | 346 |  |  | 372 |
| $ | 9,861 |  |  | $ | 2,909 |  |  | $ | 3,836 |  |  | $ | 3,341 |  |  | $ | 1,470 |  |  | $ | 31,415 |  |  | $ | 52,832 |

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