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Finance Receivables, Net
 6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Finance Receivables, Net Finance Receivables, Net
Finance receivables, net, which include retail installment sales agreements and bank-originated loans, consist of the following (in thousands):

As of June 30,As of
December 31,
202420232023
Finance receivables, gross$227,694 $216,037 $227,474 
Merchant partner discounts and premiums, net(16,935)(7,812)(11,907)
Unearned origination fees(5,397)(4,616)(5,212)
Finance receivables, amortized cost205,362 203,609 210,355 
Less allowance for loan losses(99,961)(93,054)(96,454)
Finance receivables, net$105,401 $110,555 $113,901 

The following table details the changes in the allowance for loan losses (in thousands):

Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Balance at beginning of period$96,020 $88,610 $96,454 $84,833 
Provision for loan losses31,116 28,190 61,534 57,475 
Charge-offs(28,813)(25,274)(62,092)(52,391)
Recoveries1,638 1,528 4,065 3,137 
Balance at end of period$99,961 $93,054 $99,961 $93,054 
The following is an assessment of the credit quality indicators of the amortized cost of finance receivables as of June 30, 2024 and 2023, by origination year (in thousands):
Origination Year
202420232022Total
As of June 30, 2024
Delinquency:
1 to 30 days past due$12,057 $8,377 $519 $20,953 
31 to 60 days past due6,054 4,883 364 11,301 
61 to 89 days past due (1)
4,089 4,754 342 9,185 
Total past due finance receivables22,200 18,014 1,225 41,439 
Current finance receivables103,684 56,747 3,492 163,923 
Finance receivables, amortized cost$125,884 $74,761 $4,717 $205,362 
Origination Year
202320222021Total
As of June 30, 2023
Delinquency:
1 to 30 days past due$11,825 $7,141 $613 $19,579 
31 to 60 days past due6,002 4,136 409 10,547 
61 to 89 days past due (1)
4,324 4,128 413 8,865 
Total past due finance receivables22,151 15,405 1,435 38,991 
Current finance receivables
109,597 50,588 4,433 164,618 
Finance receivables, amortized cost$131,748 $65,993 $5,868 $203,609 

(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, 2024 and 2023, by origination year (in thousands):

Origination Year
2024202320222021Total
Finance receivables gross charge-offs:
Gross charge-offs during the six months ended June 30, 2024
$6,589 $50,049 $5,454 $— $62,092 
Gross charge-offs during the six months ended June 30, 2023
— 6,110 39,770 6,511 52,391