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Finance Receivables, Net
 9 Months Ended
Sep. 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 September 30,As of
December 31,
202420232023
Finance receivables, gross$259,485 $224,618 $227,474 
Merchant partner discounts and premiums, net(20,227)(9,730)(11,907)
Unearned origination fees(6,310)(4,897)(5,212)
Finance receivables, amortized cost232,948 209,991 210,355 
Less allowance for loan losses(109,197)(96,684)(96,454)
Finance receivables, net$123,751 $113,307 $113,901 

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

Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Balance at beginning of period$99,961 $93,054 $96,454 $84,833 
Provision for loan losses40,557 33,096 102,091 90,571 
Charge-offs(32,969)(30,890)(95,061)(83,281)
Recoveries1,648 1,424 5,713 4,561 
Balance at end of period$109,197 $96,684 $109,197 $96,684 
The following is an assessment of the credit quality indicators of the amortized cost of finance receivables as of September 30, 2024 and 2023, by origination year (in thousands):
Origination Year
202420232022Total
As of September 30, 2024
Delinquency:
1 to 30 days past due$16,957 $4,739 $173 $21,869 
31 to 60 days past due9,835 3,471 131 13,437 
61 to 89 days past due (1)
7,060 3,162 155 10,377 
Total past due finance receivables33,852 11,372 459 45,683 
Current finance receivables152,138 34,253 874 187,265 
Finance receivables, amortized cost$185,990 $45,625 $1,333 $232,948 
Origination Year
202320222021Total
As of September 30, 2023
Delinquency:
1 to 30 days past due$18,395 $5,014 $224 $23,633 
31 to 60 days past due9,193 2,865 151 12,209 
61 to 89 days past due (1)
7,240 2,858 174 10,272 
Total past due finance receivables34,828 10,737 549 46,114 
Current finance receivables
132,635 30,243 999 163,877 
Finance receivables, amortized cost$167,463 $40,980 $1,548 $209,991 

(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 nine months ended September 30, 2024 and 2023, by origination year (in thousands):

Origination Year
2024202320222021Total
Finance receivables gross charge-offs:
Gross charge-offs during the nine months ended September 30, 2024
$25,359 $63,525 $6,177 $— $95,061 
Gross charge-offs during the nine months ended September 30, 2023
— 24,676 51,150 7,455 83,281