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Loans Receivable (Tables) | 3 Months Ended
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Mar. 31, 2014
Loans Receivable [Abstract] |
Schedule Of Loans Receivable |
(In millions) | As of March 31, 2014
| Dealer Loans |  | Purchased Loans |  | Total
Loans receivable | $ | 2,247.0 |  | $ | 271.1 |  | $ | 2,518.1
Allowance for credit losses |  | (190.8) |  |  | (9.3) |  |  | (200.1)
Loans receivable, net | $ | 2,056.2 |  | $ | 261.8 |  | $ | 2,318.0
(In millions) | As of December 31, 2013
| Dealer Loans |  | Purchased Loans |  | Total
Loans receivable | $ | 2,155.5 |  | $ | 252.7 |  | $ | 2,408.2
Allowance for credit losses |  | (185.7) |  |  | (9.7) |  |  | (195.4)
Loans receivable, net | $ | 1,969.8 |  | $ | 243.0 |  | $ | 2,212.8
Summary Of Changes In Loans Receivable |
(In millions) | For the Three Months Ended March 31, 2014
| Dealer Loans |  | Purchased Loans |  | Total
Balance, beginning of period | $ | 2,155.5 |  | $ | 252.7 |  | $ | 2,408.2
New Consumer Loan assignments (1) |  | 421.3 |  |  | 51.1 |  |  | 472.4
Principal collected on Loans receivable |  | (370.7) |  |  | (38.0) |  |  | (408.7)
Accelerated Dealer Holdback payments |  | 11.2 |  |  | – |  |  | 11.2
Dealer Holdback payments |  | 34.5 |  |  | – |  |  | 34.5
Transfers (2) |  | (5.3) |  |  | 5.3 |  |  | –
Write-offs |  | (0.5) |  |  | – |  |  | (0.5)
Recoveries (3) |  | 0.5 |  |  | – |  |  | 0.5
Net change in other loans |  | 0.5 |  |  | – |  |  | 0.5
Balance, end of period | $ | 2,247.0 |  | $ | 271.1 |  | $ | 2,518.1
(In millions) | For the Three Months Ended March 31, 2013
| Dealer Loans |  | Purchased Loans |  | Total
Balance, beginning of period | $ | 1,869.4 |  | $ | 240.5 |  | $ | 2,109.9
New Consumer Loan assignments (1) |  | 378.6 |  |  | 27.9 |  |  | 406.5
Principal collected on Loans receivable |  | (309.3) |  |  | (36.2) |  |  | (345.5)
Accelerated Dealer Holdback payments |  | 9.5 |  |  | – |  |  | 9.5
Dealer Holdback payments |  | 30.0 |  |  | – |  |  | 30.0
Transfers (2) |  | (5.0) |  |  | 5.0 |  |  | –
Write-offs |  | (1.1) |  |  | – |  |  | (1.1)
Recoveries (3) |  | 0.6 |  |  | – |  |  | 0.6
Net change in other loans |  | 0.4 |  |  | – |  |  | 0.4
Balance, end of period | $ | 1,973.1 |  | $ | 237.2 |  | $ | 2,210.3
(1)The Dealer Loans amount represents advances paid to Dealers on Consumer Loans assigned under our Portfolio Program. The Purchased Loans amount represents one-time payments made to Dealers to purchase Consumer Loans assigned under our Purchase Program. (2)Under our Portfolio Program, certain events may result in Dealers forfeiting their rights to Dealer Holdback. We transfer the Dealer’s outstanding Dealer Loan balance to Purchased Loans in the period this forfeiture occurs. (3)Represents collections received on previously written off Loans.
Summary Of Changes In Accretable Yield |
(In millions) | For the Three Months Ended March 31, 2014
| Dealer Loans |  | Purchased Loans |  | Total
Balance, beginning of period | $ | 667.5 |  | $ | 112.8 |  | $ | 780.3
New Consumer Loan assignments (1) |  | 170.8 |  |  | 20.0 |  |  | 190.8
Finance charge income |  | (134.5) |  |  | (18.3) |  |  | (152.8)
Forecast changes |  | 4.8 |  |  | 1.9 |  |  | 6.7
Transfers (2) |  | (1.9) |  |  | 3.3 |  |  | 1.4
Balance, end of period | $ | 706.7 |  | $ | 119.7 |  | $ | 826.4
(In millions) | For the Three Months Ended March 31, 2013
| Dealer Loans |  | Purchased Loans |  | Total
Balance, beginning of period | $ | 602.9 |  | $ | 115.2 |  | $ | 718.1
New Consumer Loan assignments (1) |  | 163.6 |  |  | 11.7 |  |  | 175.3
Finance charge income |  | (124.1) |  |  | (18.8) |  |  | (142.9)
Forecast changes |  | (0.2) |  |  | 3.0 |  |  | 2.8
Transfers (2) |  | (2.2) |  |  | 3.3 |  |  | 1.1
Balance, end of period | $ | 640.0 |  | $ | 114.4 |  | $ | 754.4
(1)The Dealer Loans amount represents the net cash flows expected at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related advances paid to Dealers. The Purchased Loans amount represents the net cash flows expected at the time of assignment on Consumer Loans assigned under our Purchase Program, less the related one-time payments made to Dealers. (2)Under our Portfolio Program, certain events may result in Dealers forfeiting their rights to Dealer Holdback. We transfer the Dealer’s outstanding Dealer Loan balance and related expected future net cash flows to Purchased Loans in the period this forfeiture occurs.
Summary Of Information Related To New Consumer Loan Assignments |
(In millions) | For the Three Months Ended March 31, 2014
| Dealer Loans |  | Purchased Loans |  | Total
Contractual net cash flows at the time of assignment (1) | $ | 643.3 |  | $ | 99.1 |  | $ | 742.4
Expected net cash flows at the time of assignment (2) |  | 592.0 |  |  | 71.2 |  |  | 663.2
Fair value at the time of assignment (3) |  | 421.3 |  |  | 51.1 |  |  | 472.4
(In millions) | For the Three Months Ended March 31, 2013
| Dealer Loans |  | Purchased Loans |  | Total
Contractual net cash flows at the time of assignment (1) | $ | 578.6 |  | $ | 54.8 |  | $ | 633.4
Expected net cash flows at the time of assignment (2) |  | 542.1 |  |  | 39.7 |  |  | 581.8
Fair value at the time of assignment (3) |  | 378.6 |  |  | 27.9 |  |  | 406.5
(1)The Dealer Loans amount represents the repayments that we were contractually owed at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related Dealer Holdback payments that we would be required to make if we collected all of the contractual repayments. The Purchased Loans amount represents the repayments that we were contractually owed at the time of assignment on Consumer Loans assigned under our Purchase Program. (2)The Dealer Loans amount represents the repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related Dealer Holdback payments that we expected to make. The Purchased Loans amount represents the repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Purchase Program. (3)The Dealer Loans amount represents advances paid to Dealers on Consumer Loans assigned under our Portfolio Program. The Purchased Loans amount represents one-time payments made to Dealers to purchase Consumer Loans assigned under our Purchase Program.
Schedule Of Consumer Loans Forecasted Collection Percentage |
|  | Forecasted Collection Percentage as of (1) |  |  |  |  |  |  |
Consumer Loan Assignment Year |  | March 31, 2014 |  | December 31, 2013 |  | Initial Forecast |  | December 31, 2013 |  | Initial Forecast
2005 |  | 73.7 | % |  | 73.7 | % |  | 74.0 | % |  | 0.0 | % |  | (0.3) | %
2006 |  | 70.0 | % |  | 70.0 | % |  | 71.4 | % |  | 0.0 | % |  | (1.4) | %
2007 |  | 68.0 | % |  | 67.9 | % |  | 70.7 | % |  | 0.1 | % |  | (2.7) | %
2008 |  | 70.2 | % |  | 70.1 | % |  | 69.7 | % |  | 0.1 | % |  | 0.5 | %
2009 |  | 79.3 | % |  | 79.2 | % |  | 71.9 | % |  | 0.1 | % |  | 7.4 | %
2010 |  | 77.1 | % |  | 77.0 | % |  | 73.6 | % |  | 0.1 | % |  | 3.5 | %
2011 |  | 74.1 | % |  | 74.1 | % |  | 72.5 | % |  | 0.0 | % |  | 1.6 | %
2012 |  | 73.4 | % |  | 73.5 | % |  | 71.4 | % |  | (0.1) | % |  | 2.0 | %
2013 |  | 73.3 | % |  | 73.3 | % |  | 72.0 | % |  | 0.0 | % |  | 1.3 | %
| (1) |  | Represents the total forecasted collections we expect to collect on the Consumer Loans as a percentage of the repayments that we were contractually owed on the Consumer Loans at the time of assignment. Contractual repayments include both principal and interest.
Schedule Of Consumer Loans Performance |
(In millions) |  | As of March 31, 2014
|  | Loan Pool Performance Meets or Exceeds Initial Estimates |  | Loan Pool Performance Less than Initial Estimates
|  | Dealer Loans |  | Purchased Loans |  | Total |  | Dealer Loans |  | Purchased Loans |  | Total
Loans receivable |  | $ | 693.6 |  | $ | 229.1 |  | $ | 922.7 |  | $ | 1,553.4 |  | $ | 42.0 |  | $ | 1,595.4
Allowance for credit losses |  |  | – |  |  | – |  |  | – |  |  | (190.8) |  |  | (9.3) |  |  | (200.1)
Loans receivable, net |  | $ | 693.6 |  | $ | 229.1 |  | $ | 922.7 |  | $ | 1,362.6 |  | $ | 32.7 |  | $ | 1,395.3
(In millions) |  | As of March 31, 2013
|  | Loan Pool Performance Meets or Exceeds Initial Estimates |  | Loan Pool Performance Less than Initial Estimates
|  | Dealer Loans |  | Purchased Loans |  | Total |  | Dealer Loans |  | Purchased Loans |  | Total
Loans receivable |  | $ | 681.4 |  | $ | 227.3 |  | $ | 908.7 |  | $ | 1,474.1 |  | $ | 25.4 |  | $ | 1,499.5
Allowance for credit losses |  |  | – |  |  | – |  |  | – |  |  | (185.7) |  |  | (9.7) |  |  | (195.4)
Loans receivable, net |  | $ | 681.4 |  | $ | 227.3 |  | $ | 908.7 |  | $ | 1,288.4 |  | $ | 15.7 |  | $ | 1,304.1
Summary Of Changes In Allowance For Credit Losses |
(In millions) | For the Three Months Ended March 31, 2014
| Dealer Loans |  | Purchased Loans |  | Total
Balance, beginning of period | $ | 185.7 |  | $ | 9.7 |  | $ | 195.4
Provision for credit losses |  | 5.1 |  |  | (0.4) |  |  | 4.7
Write-offs |  | (0.5) |  |  | – |  |  | (0.5)
Recoveries (1) |  | 0.5 |  |  | – |  |  | 0.5
Balance, end of period | $ | 190.8 |  | $ | 9.3 |  | $ | 200.1
(In millions) | For the Three Months Ended March 31, 2013
| Dealer Loans |  | Purchased Loans |  | Total
Balance, beginning of period | $ | 167.4 |  | $ | 9.0 |  | $ | 176.4
Provision for credit losses |  | 6.0 |  |  | (0.2) |  |  | 5.8
Write-offs |  | (1.1) |  |  | – |  |  | (1.1)
Recoveries (1) |  | 0.6 |  |  | – |  |  | 0.6
Balance, end of period | $ | 172.9 |  | $ | 8.8 |  | $ | 181.7
(1) Represents collections received on previously written off Loans.

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 + Details
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