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v3.24.3

Leased Merchandise, Net | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
Leased Merchandise, Net | Leased Merchandise, Net Leased merchandise, net consists of the following (in thousands):
| As of September 30, |  | As of December 31,
| 2024 |  | 2023 |  | 2023
Leased merchandise | $ | 348,675 |  |  | $ | 365,677 |  |  | $ | 384,129 |
Processing fees | (3,809) |  |  | (4,155) |  |  | (4,348) |
Merchant partner discounts and premiums, net | 1,034 |  |  | 2,566 |  |  | 2,501 |
Accumulated depreciation | (114,762) |  |  | (115,774) |  |  | (115,964) |
Leased merchandise, before allowance for lease losses | 231,138 |  |  | 248,314 |  |  | 266,318 |
Less allowance for lease losses | (93,369) |  |  | (105,145) |  |  | (95,127) |
Leased merchandise, net | $ | 137,769 |  |  | $ | 143,169 |  |  | $ | 171,191 |
The following table details the changes in the allowance for lease losses (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Balance at beginning of period | $ | 102,778 |  |  | $ | 110,972 |  |  | $ | 95,127 |  |  | $ | 79,189 |
Provision for lease losses | 39,171 |  |  | 39,736 |  |  | 129,834 |  |  | 141,674 |
Charge-offs | (50,228) |  |  | (47,225) |  |  | (136,907) |  |  | (120,726) |
Recoveries | 1,648 |  |  | 1,662 |  |  | 5,315 |  |  | 5,008 |
Balance at end of period | $ | 93,369 |  |  | $ | 105,145 |  |  | $ | 93,369 |  |  | $ | 105,145 |

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- Definition The entire disclosure for claims held for amounts due to 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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- References No definition available. + Details
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