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Finance Receivables, Net (Tables)
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Schedule of Finance Receivables, Net
Finance receivables, net, which include retail installment sales agreements and bank-originated installment loans, consist of the following (in thousands):

As of March 31,As of
December 31,
202320222022
Finance receivables, gross$201,288 $191,845 $195,987 
Fair value premium on non-purchase credit deteriorated (”PCD”) finance receivables (1)
— 22,981 — 
Merchant partner discounts and premiums, net(6,328)(430)(3,517)
Unearned origination fees(4,257)(1,583)(4,143)
Finance receivables, amortized cost190,703 212,813 188,327 
Less allowance for loan losses(88,610)(72,332)(84,833)
Finance receivables, net$102,093 $140,481 $103,494 

(1)Represents the difference between the initial fair value and the unpaid principal balance as of the date of the AFF acquisition, which is recognized through interest income on an effective yield basis over the lives of the related non-PCD finance receivables.
Schedule of Allowance for Credit Losses
The following table details the changes in the allowance for loan losses (in thousands):

Three Months Ended
March 31,
20232022
Balance at beginning of period$84,833 $75,574 
Provision for loan losses29,285 24,697 
Charge-offs(27,117)(29,408)
Recoveries1,609 1,469 
Balance at end of period$88,610 $72,332 
Financing Receivable, Past Due
The following is an assessment of the credit quality indicators of the amortized cost of finance receivables as of March 31, 2023 and 2022, by origination year (in thousands):

Origination Year
202320222021Total
As of March 31, 2023
Delinquency:
1 to 30 days past due$4,921 $8,873 $1,311 $15,105 
31 to 60 days past due1,517 5,822 843 8,182 
61 to 90 days past due (1)
406 6,455 848 7,709 
Total past due finance receivables6,844 21,150 3,002 30,996 
Current finance receivables69,507 79,465 10,735 159,707 
Finance receivables, amortized cost$76,351 $100,615 $13,737 $190,703 
Origination Year
202220212020Total
As of March 31, 2022
Delinquency:
1 to 30 days past due$3,083 $11,180 $1,132 $15,395 
31 to 60 days past due1,048 6,917 556 8,521 
61 to 90 days past due (1)
405 8,078 647 9,130 
Total past due finance receivables before fair value adjustments4,536 26,175 2,335 33,046 
Current finance receivables before fair value adjustments53,211 93,838 9,737 156,786 
Finance receivables before fair value adjustments$57,747 $120,013 $12,072 189,832 
Fair value premium on non-PCD finance receivables22,981 
Finance receivables, amortized cost$212,813 

(1)The Company charges off finance receivables when a receivable is 90 days or more contractually past due.
Finance Receivable, Charge-offs to allowance for credit losses (Table Text Block)
The following table details the gross charge-offs of finance receivables for the three months ended March 31, 2023, by origination year (in thousands):

Origination Year
202320222021Total
Finance receivables gross charge-offs:
Gross charge-offs during the three months ended March 31, 2023$187 $22,444 $4,486 $27,117