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Finance Receivables, Net
 6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Finance Receivables, Net 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 June 30,As of
December 31,
202320222022
Finance receivables, gross$216,037 $190,256 $195,987 
Fair value premium on non-purchase credit deteriorated (”PCD”) finance receivables (1)
— 13,003 — 
Merchant partner discounts and premiums, net(7,812)(1,002)(3,517)
Unearned origination fees(4,616)(2,702)(4,143)
Finance receivables, amortized cost203,609 199,555 188,327 
Less allowance for loan losses(93,054)(73,936)(84,833)
Finance receivables, net$110,555 $125,619 $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.
The following table details the changes in the allowance for loan losses (in thousands):

Three Months EndedSix Months Ended
June 30,June 30,
2023202220232022
Balance at beginning of period$88,610 $72,332 $84,833 $75,574 
Provision for loan losses28,190 26,800 57,475 51,497 
Charge-offs(25,274)(26,579)(52,391)(55,987)
Recoveries1,528 1,383 3,137 2,852 
Balance at end of period$93,054 $73,936 $93,054 $73,936 

The following is an assessment of the credit quality indicators of the amortized cost of finance receivables as of June 30, 2023 and 2022, by origination year (in thousands):

Origination Year
202320222021Total
As of June 30, 2023
Delinquency:
1 to 30 days past due$10,963 $6,371 $580 $17,914 
31 to 60 days past due5,973 4,141 410 10,524 
61 to 89 days past due (1)
4,200 4,000 401 8,601 
Total past due finance receivables21,136 14,512 1,391 37,039 
Current finance receivables110,611 51,481 4,478 166,570 
Finance receivables, amortized cost$131,747 $65,993 $5,869 $203,609 
Origination Year
202220212020Total
As of June 30, 2022
Delinquency:
1 to 30 days past due$8,919 $7,849 $478 $17,246 
31 to 60 days past due4,467 5,275 286 10,028 
61 to 89 days past due (1)
3,014 4,837 293 8,144 
Total past due finance receivables before fair value adjustments16,400 17,961 1,057 35,418 
Current finance receivables before fair value adjustments89,414 57,852 3,868 151,134 
Finance receivables before fair value adjustments$105,814 $75,813 $4,925 186,552 
Fair value premium on non-PCD finance receivables13,003 
Finance receivables, amortized cost$199,555 

(1)The Company charges off finance receivables when a receivable is 90 days or more contractually past due.

The following table details the gross charge-offs of finance receivables for the six months ended June 30, 2023, by origination year (in thousands):

Origination Year
202320222021Total
Finance receivables gross charge-offs:
Gross charge-offs during the six months ended June 30, 2023
$6,110 $39,770 $6,511 $52,391