Fair Value Measurements |
Fair Value Measurements The book value and estimated fair value of our financial instruments were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | June 28, 2025 | | March 29, 2025 | | Book Value | | Estimated Fair Value | | Book Value | | Estimated Fair Value | Available-for-sale debt securities | $ | 20,359 | | | $ | 20,359 | | | $ | 21,415 | | | $ | 21,415 | | Marketable equity securities | 11,805 | | | 11,805 | | | 11,425 | | | 11,425 | | Non-marketable equity investments | 5,019 | | | 5,019 | | | 5,069 | | | 5,069 | | Consumer loans receivable | 57,947 | | | 59,672 | | | 56,537 | | | 59,365 | | Commercial loans receivable | 107,602 | | | 98,675 | | | 99,746 | | | 89,216 | | Other secured financing | (1,567) | | | (1,555) | | | (1,594) | | | (1,569) | | | | | | | | | |
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. | | | | | | | | | | | | | June 28, 2025 | | March 29, 2025 | Number of loans serviced with MSRs | 3,595 | | | 3,647 | | Weighted average servicing fee (basis points) | 34.45 | | | 34.74 | | Capitalized servicing multiple | 176.69 | % | | 179.97 | % | Capitalized servicing rate (basis points) | 60.87 | | | 62.52 | | Serviced portfolio with MSRs (in thousands) | $ | 444,256 | | | $ | 451,080 | | MSRs (in thousands) | $ | 2,704 | | | $ | 2,820 | |
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