XML 53 R39.htm IDEA: XBRL DOCUMENT
v3.23.1

Commercial Loans Receivables (Tables) | 12 Months Ended
--- | ---
Apr. 01, 2023
Receivables [Abstract] |
Commercial Loans Receivables | Commercial loans receivable, net consisted of the following, by class of financing notes receivable (in thousands):
| April 1, 2023 |  | April 2, 2022
Loans receivable | $ | 103,726 |  |  | $ | 69,693 |
Allowance for loan losses | (1,586) |  |  | (1,011) |
Deferred financing fees, net | (163) |  |  | (116) |
| 101,977 |  |  | 68,566 |
Less current portion of commercial loans receivable (including from affiliates), net | (44,054) |  |  | (32,644) |
| $ | 57,923 |  |  | $ | 35,922 |
Commercial Loans Receivable Characteristics | The commercial loans receivable balance had the following characteristics:
| April 1, 2023 |  | April 2, 2022
Weighted average contractual interest rate | 7.6 | % |  | 6.4 | %
Weighted average months outstanding | 9 |  | 9
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):
| April 1, 2023 |  | April 2, 2022
Balance at beginning of period | $ | 1,011 |  |  | $ | 816 |
Purchase accounting additions | — |  |  | 408 |
Change in estimated loan losses, net | 575 |  |  | (213) |
Balance at end of period | $ | 1,586 |  |  | $ | 1,011 |
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 1, 2023 |  |  |
|  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Total |  |  |  |
Performing |  | $ | 80,193 |  |  | $ | 16,028 |  |  | $ | 4,071 |  |  | $ | 2,203 |  |  | $ | 1,231 |  |  | $ | 103,726 |  |  |  |  |
| April 2, 2022 |  |  |
|  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 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 April 1, 2023 and April 2, 2022, 17.8% and 24.9%, respectively, of our outstanding commercial loans receivable principal balance was concentrated in New York. No other state had concentrations in excess of 10% of the principal balance of the commercial loans receivable as of April 1, 2023 or April 2, 2022.

X
- Definition [Table Text Block] for Commercial Loans Receivable Characteristics (Weighted averages) [Table] + References No definition available. + Details
Name: | cvco_CommercialLoansReceivableCharacteristicsWeightedaveragesTableTextBlock
Namespace Prefix: | cvco_
Data Type: | dtr-types1: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-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of geographic concentration of inventory finance receivables by key state. + References No definition available. + Details
Name: | cvco_InventoryFinanceReceivablesGeographicConcentrationTableTextBlock
Namespace Prefix: | cvco_
Data Type: | dtr-types1: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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesNoncurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration