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Finance Receivables, Net (Tables)
 3 Months Ended
Mar. 31, 2024
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 March 31,As of
December 31,
202420232023
Finance receivables, gross$222,087 $201,288 $227,474 
Merchant partner discounts and premiums, net(15,221)(6,328)(11,907)
Unearned origination fees(5,193)(4,257)(5,212)
Finance receivables, amortized cost201,673 190,703 210,355 
Less allowance for loan losses(96,020)(88,610)(96,454)
Finance receivables, net$105,653 $102,093 $113,901 
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,
20242023
Balance at beginning of period$96,454 $84,833 
Provision for loan losses30,418 29,285 
Charge-offs(33,279)(27,117)
Recoveries2,427 1,609 
Balance at end of period$96,020 $88,610 
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 March 31, 2024 and 2023, by origination year (in thousands):
Origination Year
202420232022Total
As of March 31, 2024
Delinquency:
1 to 30 days past due$6,215 $12,594 $1,304 $20,113 
31 to 60 days past due1,950 7,526 704 10,180 
61 to 89 days past due (1)
453 7,584 697 8,734 
Total past due finance receivables8,618 27,704 2,705 39,027 
Current finance receivables66,804 87,360 8,482 162,646 
Finance receivables, amortized cost$75,422 $115,064 $11,187 $201,673 
Origination Year
202320222021Total
As of March 31, 2023
Delinquency:
1 to 30 days past due$5,509 $9,822 $1,408 $16,739 
31 to 60 days past due1,632 6,163 870 8,665 
61 to 89 days past due (1)
419 6,507 858 7,784 
Total past due finance receivables7,560 22,492 3,136 33,188 
Current finance receivables
68,791 78,123 10,601 157,515 
Finance receivables, amortized cost$76,351 $100,615 $13,737 $190,703 

(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
The following table details the gross charge-offs of finance receivables for the three months ended March 31, 2024 and 2023, by origination year (in thousands):

Origination Year
2024202320222021Total
Finance receivables gross charge-offs:
Gross charge-offs during the three months ended March 31, 2024
$131 $29,270 $3,878 $— $33,279 
Gross charge-offs during the three months ended March 31, 2023
— 187 22,444 4,486 27,117