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Leased Merchandise, Net (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Leased Merchandise, Net
Leased merchandise, net, for the retail POS payment solutions segment, consists of the following (in thousands):

As of December 31,
20222021
Leased merchandise (1)
$335,038 $156,280 
Processing fees(4,124)(440)
Merchant partner discounts and premiums, net2,456 310 
Accumulated depreciation(100,879)(6,764)
Leased merchandise, before allowance for lease losses232,491 149,386 
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.
Leased Merchandise, Allowance for Credit Loss
Changes in the allowance for lease losses are as follows (in thousands):

As of December 31,
 20222021
Balance at beginning of year$5,442 $— 
Provision for lease losses (1)
139,502 5,442 
Charge-offs (2)
(70,114)— 
Recoveries4,359 — 
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