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Consumer Loans Receivable (Tables) | 6 Months Ended
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Sep. 30, 2023
Receivables [Abstract] |
Consumer Loans Receivable | The following table summarizes consumer loans receivable (in thousands):
| September 30, 2023 |  | April 1, 2023
Loans held for investment, previously securitized | $ | 18,756 |  |  | $ | 21,000 |
Loans held for investment | 13,045 |  |  | 13,117 |
Loans held for sale | 5,208 |  |  | 10,846 |
Construction advances | 84 |  |  | 706 |
| 37,093 |  |  | 45,669 |
Deferred financing fees and other, net | (312) |  |  | (368) |
Allowance for loan losses | (1,045) |  |  | (1,153) |
| 35,736 |  |  | 44,148 |
Less current portion | (10,503) |  |  | (17,019) |
| $ | 25,233 |  |  | $ | 27,129 |
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
| September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Allowance for loan losses at beginning of period | $ | 1,144 |  |  | $ | 1,905 |  |  | $ | 1,153 |  |  | $ | 2,115 |
Change in estimated loan losses, net | (99) |  |  | (166) |  |  | (108) |  |  | (376) |
Charge-offs | — |  |  | — |  |  | — |  |  | (19) |
Recoveries | — |  |  | — |  |  | — |  |  | 19 |
Allowance for loan losses at end of period | $ | 1,045 |  |  | $ | 1,739 |  |  | $ | 1,045 |  |  | $ | 1,739 |
Deliquency Status of Consumer Loans | The following table is a consolidated summary of the delinquency status of the outstanding amortized cost of consumer loans receivable (in thousands):
| September 30, 2023 |  | April 1, 2023
Current | $ | 35,457 |  |  | $ | 43,252 |
31 to 60 days | 157 |  |  | 1,247 |
61 to 90 days | 185 |  |  | 213 |
91+ days | 1,294 |  |  | 957 |
| $ | 37,093 |  |  | $ | 45,669 |
Gross Consumer Loans Receivable by Credit Quality and Fiscal Year of Origination | The following table disaggregates gross consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):
| September 30, 2023
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Total
Prime- FICO score 680 and greater | $ | 4,009 |  |  | $ | 668 |  |  | $ | 182 |  |  | $ | 991 |  |  | $ | 1,945 |  |  | $ | 16,007 |  |  | $ | 23,802 |
Near Prime- FICO score 620-679 | 546 |  |  | — |  |  | — |  |  | 1,217 |  |  | 1,062 |  |  | 9,238 |  |  | 12,063 |
Sub-Prime- FICO score less than 620 | — |  |  | — |  |  | — |  |  | 18 |  |  | 50 |  |  | 834 |  |  | 902 |
No FICO score | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 326 |  |  | 326 |
| $ | 4,555 |  |  | $ | 668 |  |  | $ | 182 |  |  | $ | 2,226 |  |  | $ | 3,057 |  |  | $ | 26,405 |  |  | $ | 37,093 |
| April 1, 2023
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Total
Prime- FICO score 680 and greater | $ | 9,471 |  |  | $ | 185 |  |  | $ | 1,051 |  |  | $ | 1,982 |  |  | $ | 1,191 |  |  | $ | 16,601 |  |  | $ | 30,481 |
Near Prime- FICO score 620-679 | 1,695 |  |  | — |  |  | 1,012 |  |  | 1,131 |  |  | 1,550 |  |  | 8,244 |  |  | 13,632 |
Sub-Prime- FICO score less than 620 | 84 |  |  | — |  |  | 19 |  |  | 51 |  |  | — |  |  | 1,033 |  |  | 1,187 |
No FICO score | — |  |  | — |  |  | — |  |  | — |  |  | 24 |  |  | 345 |  |  | 369 |
| $ | 11,250 |  |  | $ | 185 |  |  | $ | 2,082 |  |  | $ | 3,164 |  |  | $ | 2,765 |  |  | $ | 26,223 |  |  | $ | 45,669 |

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