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Consumer Loans Receivable (Tables) | 12 Months Ended
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Mar. 30, 2024
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | The following table summarizes consumer loans receivable (in thousands):
| March 30, 2024 |  | April 1, 2023
Loans held for investment, previously securitized | $ | 16,968 |  |  | $ | 21,000 |
Loans held for investment | 12,826 |  |  | 13,117 |
Loans held for sale | 15,140 |  |  | 10,846 |
Construction advances | 722 |  |  | 706 |
| 45,656 |  |  | 45,669 |
Deferred financing fees and other, net | (523) |  |  | (368) |
Allowance for loan losses | (1,066) |  |  | (1,153) |
| 44,067 |  |  | 44,148 |
Less current portion | (20,713) |  |  | (17,019) |
| $ | 23,354 |  |  | $ | 27,129 |
Commercial loans receivable, net consisted of the following (in thousands):
| March 30, 2024 |  | April 1, 2023
Loans receivable (including from affiliates) | $ | 91,938 |  |  | $ | 103,726 |
Allowance for loan losses | (781) |  |  | (1,586) |
Deferred financing fees, net | (116) |  |  | (163) |
| 91,041 |  |  | 101,977 |
Less current portion of commercial loans receivable (including from affiliates), net | (43,316) |  |  | (44,054) |
| $ | 47,725 |  |  | $ | 57,923 |
Financing Receivable, Allowance for Credit 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):
| March 30, 2024 |  | April 1, 2023
Allowance for loan losses at beginning of fiscal year | $ | 1,153 |  |  | $ | 2,115 |
Change in estimated loan losses, net | (87) |  |  | (944) |
Charge-offs | — |  |  | (37) |
Recoveries | — |  |  | 19 |
Allowance for loan losses at end of fiscal year | $ | 1,066 |  |  | $ | 1,153 |
Consumer Loans Held for Investment Characteristics | The consumer loans held for investment had the following characteristics:
| March 30, 2024 |  | April 1, 2023
Weighted average contractual interest rate | 8.1 | % |  | 8.2 | %
Weighted average effective interest rate | 10.4 | % |  | 8.8 | %
Weighted average months to maturity | 196 |  | 150
Financing Receivable, Modified | The following table is a consolidated summary of the delinquency status of the outstanding amortized cost of consumer loans receivable (in thousands):
| March 30, 2024 |  | April 1, 2023
Current | $ | 43,810 |  |  | $ | 43,252 |
31 to 60 days | 1,063 |  |  | 1,247 |
61 to 90 days | 131 |  |  | 213 |
91+ days | 652 |  |  | 957 |
| $ | 45,656 |  |  | $ | 45,669 |
Financing Receivable Credit Quality Indicators | The following table disaggregates gross consumer loans receivable by credit quality indicator at loan inception and fiscal year of origination (in thousands):
| March 30, 2024
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Total
Prime- FICO score 680 and greater | $ | 14,107 |  |  | $ | 328 |  |  | $ | 96 |  |  | $ | 885 |  |  | $ | 1,808 |  |  | $ | 14,425 |  |  | $ | 31,649 |
Near Prime- FICO score 620-679 | 1,633 |  |  | — |  |  | — |  |  | 1,202 |  |  | 942 |  |  | 8,684 |  |  | 12,461 |
Sub-Prime- FICO score less than 620 | — |  |  | — |  |  | — |  |  | 18 |  |  | 49 |  |  | 723 |  |  | 790 |
No FICO score | 447 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 309 |  |  | 756 |
| $ | 16,187 |  |  | $ | 328 |  |  | $ | 96 |  |  | $ | 2,105 |  |  | $ | 2,799 |  |  | $ | 24,141 |  |  | $ | 45,656 |
| 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 |
The following table disaggregates our commercial loans receivable by credit quality indicator and fiscal year of origination (in thousands):
| March 30, 2024 |  |  |
|  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Total |  |  |  |
Performing |  | $ | 57,691 |  |  | $ | 25,066 |  |  | $ | 4,823 |  |  | $ | 2,144 |  |  | $ | 2,214 |  |  | $ | 91,938 |  |  |  |  |
| April 1, 2023 |  |  |
|  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Total |  |  |  |
Performing |  | $ | 80,193 |  |  | $ | 16,028 |  |  | $ | 4,071 |  |  | $ | 2,203 |  |  | $ | 1,231 |  |  | $ | 103,726 |  |  |  |  |

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