v3.25.2
Commercial Loans Receivables (Tables)
3 Months Ended
Jun. 28, 2025
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table summarizes consumer loans receivable (in thousands):
June 28,
2025
March 29,
2025
Loans held for investment, previously securitized$13,030 $13,775 
Loans held for investment12,122 12,196 
Loans held for sale30,155 27,981 
Construction advances4,257 4,210 
59,564 58,162 
Deferred financing fees and other, net(709)(686)
Allowance for loan losses(908)(939)
57,947 56,537 
Less current portion(37,795)(35,852)
$20,152 $20,685 
Commercial loans receivable, net consisted of the following (in thousands):
June 28,
2025
March 29,
2025
Loans receivable (including from affiliates)$108,143 $100,297 
Allowance for loan losses (338)(361)
Deferred financing fees, net(203)(190)
107,602 99,746 
Less current portion of commercial loans receivable (including from affiliates), net(48,952)(46,373)
$58,650 $53,373 
Schedule of Commercial Loans Receivable Characteristics
The commercial loans receivable balance had the following characteristics:
June 28,
2025
March 29,
2025
Weighted average contractual interest rate8.0 %8.3 %
Weighted average months outstanding1010
Schedule of Commercial Loans Receivables by Class and Internal Credit Quality Indicator
The following table disaggregates the outstanding principal balance of consumer loans receivable by credit quality indicator and fiscal year of origination (in thousands):
June 28, 2025
20262025202420232022PriorTotal
Prime- FICO score 680 and greater
$5,204 $13,661 $9,045 $322 $91 $13,386 $41,709 
Near Prime- FICO score 620-679
1,659 3,401 1,205 — — 9,836 16,101 
Sub-Prime- FICO score less than 620
14 322 — — — 651 987 
No FICO score
— 65 440 — — 262 767 
$6,877 $17,449 $10,690 $322 $91 $24,135 $59,564 
March 29, 2025
20252024202320222021PriorTotal
Prime- FICO score 680 and greater
$18,133 $9,209 $323 $92 $761 $13,197 $41,715 
Near Prime- FICO score 620-679
2,948 1,210 — — 1,026 9,000 14,184 
Sub-Prime- FICO score less than 620
537 — — — 17 680 1,234 
No FICO score
317 441 — — — 271 1,029 
$21,935 $10,860 $323 $92 $1,804 $23,148 $58,162 
The following table disaggregates the outstanding principal balance of our commercial loans receivable by fiscal year of origination (in thousands):
June 28, 2025
20262025202420232022PriorTotal
Performing
$33,246 $49,507 $19,163 $4,910 $998 $319 $108,143 
March 29, 2025
20252024202320222021PriorTotal
Performing
$66,843 $24,215 $7,006 $1,014 $1,219 $— $100,297