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Fair Value Measurements | 9 Months Ended
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Dec. 30, 2023
Fair Value Disclosures [Abstract] |
Fair Value Measurements | Fair Value Measurements The book value and estimated fair value of our financial instruments were as follows (in thousands):
| December 30, 2023 |  | April 1, 2023
| Book Value |  | Estimated Fair Value |  | Book Value |  | Estimated Fair Value
Available-for-sale debt securities | $ | 19,207 |  |  | $ | 19,207 |  |  | $ | 18,555 |  |  | $ | 18,555 |
Marketable equity securities | 8,788 |  |  | 8,788 |  |  | 9,989 |  |  | 9,989 |
Non-marketable equity investments | 4,923 |  |  | 4,923 |  |  | 5,073 |  |  | 5,073 |
Consumer loans receivable | 36,134 |  |  | 41,661 |  |  | 44,148 |  |  | 50,686 |
Commercial loans receivable | 92,572 |  |  | 78,191 |  |  | 101,977 |  |  | 97,106 |
Other secured financing | (1,942) |  |  | (1,894) |  |  | (2,379) |  |  | (2,332) |
See Note 20, Fair Value Measurements, and the Fair Value of Financial Instruments caption in Note 1, Summary of Significant Accounting Policies, in the Form 10-K for more information on the methodologies we use in determining fair value. Mortgage Servicing. Mortgage Servicing Rights ("MSRs") are recorded at fair value in Prepaid expenses and other current assets on the Consolidated Balance Sheets.
| December 30, 2023 |  | April 1, 2023
Number of loans serviced with MSRs | 3,894 |  |  | 4,070 |
Weighted average servicing fee (basis points) | 34.79 |  |  | 34.71 |
Capitalized servicing multiple | 187.1 | % |  | 98.99 | %
Capitalized servicing rate (basis points) | 65.10 |  |  | 34.36 |
Serviced portfolio with MSRs (in thousands) | $ | 491,887 |  |  | $ | 520,458 |
MSRs (in thousands) | $ | 3,202 |  |  | $ | 1,788 |

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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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