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v3.24.2

Leased Merchandise, Net | 6 Months Ended
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Jun. 30, 2024
Receivables [Abstract] |
Leased Merchandise, Net | Leased Merchandise, Net Leased merchandise, net consists of the following (in thousands):
| As of June 30, |  | As of December 31,
| 2024 |  | 2023 |  | 2023
Leased merchandise | $ | 364,831 |  |  | $ | 369,547 |  |  | $ | 384,129 |
Processing fees | (3,824) |  |  | (4,313) |  |  | (4,348) |
Merchant partner discounts and premiums, net | 1,851 |  |  | 2,735 |  |  | 2,501 |
Accumulated depreciation | (117,145) |  |  | (113,852) |  |  | (115,964) |
Leased merchandise, before allowance for lease losses | 245,713 |  |  | 254,117 |  |  | 266,318 |
Less allowance for lease losses | (102,778) |  |  | (110,972) |  |  | (95,127) |
Leased merchandise, net | $ | 142,935 |  |  | $ | 143,145 |  |  | $ | 171,191 |
The following table details the changes in the allowance for lease losses (in thousands):
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Balance at beginning of period | $ | 95,127 |  |  | $ | 93,149 |  |  | $ | 95,127 |  |  | $ | 79,189 |
Provision for lease losses | 47,653 |  |  | 52,873 |  |  | 90,663 |  |  | 101,938 |
Charge-offs | (41,666) |  |  | (36,723) |  |  | (86,679) |  |  | (73,501) |
Recoveries | 1,664 |  |  | 1,673 |  |  | 3,667 |  |  | 3,346 |
Balance at end of period | $ | 102,778 |  |  | $ | 110,972 |  |  | $ | 102,778 |  |  | $ | 110,972 |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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- References No definition available. + Details
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