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Consumer Loans Receivable (Tables) | 6 Months Ended
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Oct. 01, 2022
Receivables [Abstract] |
Consumer Loans Receivable | The following table summarizes consumer loans receivable (in thousands):
| October 1, 2022 |  | April 2, 2022
Loans held for investment, previously securitized | $ | 23,241 |  |  | $ | 26,014 |
Loans held for investment | 14,213 |  |  | 14,771 |
Loans held for sale | 11,035 |  |  | 8,500 |
Construction advances | 993 |  |  | 3,547 |
| 49,482 |  |  | 52,832 |
Deferred financing fees and other, net | (773) |  |  | (833) |
Allowance for loan losses | (1,739) |  |  | (2,115) |
| 46,970 |  |  | 49,884 |
Less current portion | (18,400) |  |  | (20,639) |
| $ | 28,570 |  |  | $ | 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 |  | Six Months Ended
| October 1, 2022 |  | October 2, 2021 |  | October 1, 2022 |  | October 2, 2021
Allowance for loan losses at beginning of period | $ | 1,905 |  |  | $ | 2,918 |  |  | $ | 2,115 |  |  | $ | 3,188 |
Change in estimated loan losses, net | (166) |  |  | 210 |  |  | (376) |  |  | (57) |
Charge-offs | — |  |  | (329) |  |  | (19) |  |  | (332) |
Recoveries | — |  |  | — |  |  | 19 |  |  | — |
Allowance for loan losses at end of period | $ | 1,739 |  |  | $ | 2,799 |  |  | $ | 1,739 |  |  | $ | 2,799 |
Deliquency Status of Consumer Loans | The following table is a consolidated summary of the delinquency status of the outstanding consumer loans receivable (in thousands):
| October 1, 2022 |  | April 2, 2022
Current | $ | 47,539 |  |  | $ | 49,546 |
31 to 60 days | 336 |  |  | 1,202 |
61 to 90 days | 361 |  |  | 41 |
91+ days | 1,246 |  |  | 2,043 |
| $ | 49,482 |  |  | $ | 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):
| October 1, 2022
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Total
Prime- FICO score 680 and greater | $ | 8,596 |  |  | $ | 1,624 |  |  | $ | 1,064 |  |  | $ | 2,411 |  |  | $ | 1,265 |  |  | $ | 19,014 |  |  | $ | 33,974 |
Near Prime- FICO score 620-679 | 1,049 |  |  | 153 |  |  | 1,022 |  |  | 1,135 |  |  | 1,615 |  |  | 9,116 |  |  | 14,090 |
Sub-Prime- FICO score less than 620 | — |  |  | — |  |  | 20 |  |  | 52 |  |  | — |  |  | 1,173 |  |  | 1,245 |
No FICO score | — |  |  | — |  |  | — |  |  | 16 |  |  | 25 |  |  | 132 |  |  | 173 |
| $ | 9,645 |  |  | $ | 1,777 |  |  | $ | 2,106 |  |  | $ | 3,614 |  |  | $ | 2,905 |  |  | $ | 29,435 |  |  | $ | 49,482 |
| 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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