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Consumer Loans Receivable (Tables) | 9 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Consumer Loans Receivable | The following table summarizes consumer loans receivable (in thousands):
| December 31, 2022 |  | April 2, 2022
Loans held for investment, previously securitized | $ | 22,221 |  |  | $ | 26,014 |
Loans held for investment | 14,513 |  |  | 14,771 |
Loans held for sale | 5,049 |  |  | 8,500 |
Construction advances | 757 |  |  | 3,547 |
| 42,540 |  |  | 52,832 |
Deferred financing fees and other, net | (590) |  |  | (833) |
Allowance for loan losses | (1,284) |  |  | (2,115) |
| 40,666 |  |  | 49,884 |
Less current portion | (13,763) |  |  | (20,639) |
| $ | 26,903 |  |  | $ | 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 |  | Nine Months Ended
| December 31, 2022 |  | January 1, 2022 |  | December 31, 2022 |  | January 1, 2022
Allowance for loan losses at beginning of period | $ | 1,739 |  |  | $ | 2,799 |  |  | $ | 2,115 |  |  | $ | 3,188 |
Change in estimated loan losses, net | (436) |  |  | (327) |  |  | (812) |  |  | (384) |
Charge-offs | (19) |  |  | (85) |  |  | (38) |  |  | (417) |
Recoveries | — |  |  | — |  |  | 19 |  |  | — |
Allowance for loan losses at end of period | $ | 1,284 |  |  | $ | 2,387 |  |  | $ | 1,284 |  |  | $ | 2,387 |
Deliquency Status of Consumer Loans | The following table is a consolidated summary of the delinquency status of the principal value of outstanding consumer loans receivable (in thousands):
| December 31, 2022 |  | April 2, 2022
Current | $ | 40,022 |  |  | $ | 49,546 |
31 to 60 days | 1,140 |  |  | 1,202 |
61 to 90 days | 163 |  |  | 41 |
91+ days | 1,215 |  |  | 2,043 |
| $ | 42,540 |  |  | $ | 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):
| December 31, 2022
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Total
Prime- FICO score 680 and greater | $ | 4,788 |  |  | $ | 1,085 |  |  | $ | 1,059 |  |  | $ | 2,124 |  |  | $ | 1,198 |  |  | $ | 17,690 |  |  | $ | 27,944 |
Near Prime- FICO score 620-679 | 479 |  |  | 154 |  |  | 1,017 |  |  | 967 |  |  | 1,562 |  |  | 8,667 |  |  | 12,846 |
Sub-Prime- FICO score less than 620 | 125 |  |  | — |  |  | 20 |  |  | 51 |  |  | — |  |  | 1,106 |  |  | 1,302 |
No FICO score | 69 |  |  | — |  |  | — |  |  | — |  |  | 25 |  |  | 354 |  |  | 448 |
| $ | 5,461 |  |  | $ | 1,239 |  |  | $ | 2,096 |  |  | $ | 3,142 |  |  | $ | 2,785 |  |  | $ | 27,817 |  |  | $ | 42,540 |
| 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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