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Leased Merchandise, Net | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Leased Merchandise, Net | LEASED MERCHANDISE, NET Leased merchandise, net, for the retail POS payment solutions segment, consists of the following (in thousands):
| As of December 31,
| 2022 |  | 2021
Leased merchandise (1) | $ | 335,038 |  |  | $ | 156,280 |
Processing fees | (4,124) |  |  | (440) |
Merchant partner discounts and premiums, net | 2,456 |  |  | 310 |
Accumulated depreciation | (100,879) |  |  | (6,764) |
Leased merchandise, before allowance for lease losses | 232,491 |  |  | 149,386 |
Less allowance for lease losses | (79,189) |  |  | (5,442) |
Leased merchandise, net | $ | 153,302 |  |  | $ | 143,944 |
(1)Acquired leased merchandise in the AFF Acquisition was recorded at fair value. See Note 3. Changes in the allowance for lease losses are as follows (in thousands):
| As of December 31,
| 2022 |  |  |  | 2021
Balance at beginning of year | $ | 5,442 |  |  |  |  | $ | — |
Provision for lease losses (1) | 139,502 |  |  |  |  | 5,442 |
Charge-offs (2) | (70,114) |  |  |  |  | — |
Recoveries | 4,359 |  |  |  |  | — |
Balance at end of year | $ | 79,189 |  |  |  |  | $ | 5,442 |
(1)During 2021, represents the provision for lease losses on leases originated from December 17, 2021 through December 31, 2021. (2)Acquired leased merchandise in the AFF Acquisition was recorded at fair value. As a result, leased merchandise charged-off between December 17, 2021 and December 31, 2021 was allocated no fair value. See Note 3

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 + Details
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