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Leased Merchandise, Net (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Leased Merchandise, Net
Leased merchandise, net, consists of the following (in thousands):

As of December 31,
20232022
Leased merchandise
$384,129 $335,038 
Processing fees(4,348)(4,124)
Merchant partner discounts and premiums, net2,501 2,456 
Accumulated depreciation(115,964)(100,879)
Leased merchandise, before allowance for lease losses266,318 232,491 
Less allowance for lease losses(95,127)(79,189)
Leased merchandise, net$171,191 $153,302 
Leased Merchandise, Allowance for Credit Loss hanges in the allowance for lease losses (in thousands):
As of December 31,
 20232022
Balance at beginning of year$79,189 $5,442 
Provision for lease losses
175,858 139,502 
Charge-offs
(166,630)(70,114)
Recoveries6,710 4,359 
Balance at end of year$95,127 $79,189