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

As of December 31,
20232022
Finance receivables, gross$227,474 $195,987 
Merchant partner discounts and premiums, net(11,907)(3,517)
Unearned origination fees(5,212)(4,143)
Finance receivables, amortized cost210,355 188,327 
Less allowance for loan losses(96,454)(84,833)
Finance receivables, net$113,901 $103,494 
Schedule of Allowance for Credit Losses hanges in the allowance for loan losses (in thousands):
As of December 31,
 20232022
Balance at beginning of year$84,833 $75,574 
Provision for loan losses
123,030 118,502 
Charge-offs(117,961)(114,535)
Recoveries6,552 5,292 
Balance at end of year$96,454 $84,833 
Finance Receivable, Charge-offs to allowance for credit losses
The following table details the gross charge-offs of finance receivables for the year ended December 31, 2023, by origination year (in thousands):

Origination Year
202320222021Total
Finance receivables gross charge-offs:
Gross charge-offs during 2023
$51,597 $58,571 $7,793 $117,961 
Schedule of Finance Receivables Credit Quality Indicators
The following is an assessment of the credit quality indicators of the amortized cost of finance receivables as of December 31, 2023 and 2022, by origination year (in thousands):

Origination Year
202320222021Total
As of December 31, 2023
Delinquency:
1 to 30 days past due$20,538 $2,771 $— $23,309 
31 to 60 days past due10,892 1,627 — 12,519 
61 to 89 days past due (1)
8,634 1,565 — 10,199 
Total past due finance receivables40,064 5,963 — 46,027 
Current finance receivables147,213 17,115 — 164,328 
Finance receivables, amortized cost$187,277 $23,078 $— $210,355 
Origination Year
202220212020Total
As of December 31, 2022
Delinquency:
1 to 30 days past due$16,996 $3,534 $— $20,530 
31 to 60 days past due8,290 1,869 — 10,159 
61 to 89 days past due (1)
6,732 1,779 — 8,511 
Total past due finance receivables32,018 7,182 — 39,200 
Current finance receivables129,008 20,119 — 149,127 
Finance receivables, amortized cost$161,026 $27,301 $— $188,327 

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