XML 69 R60.htm IDEA: XBRL DOCUMENT
v3.21.2

Debt - USD ($) |  |  | 3 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Mar. 07, 2019 | Aug. 06, 2018 | Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | Dec. 31, 2020 | Dec. 18, 2019
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maximum hedging reserve |  |  |  | $ 1,000,000 |  |  |  |  |  | $ 1,000,000 |  |  |  |  |
Unamortized Debt Issuance Costs |  |  |  | (27,700,000) |  |  |  |  |  | $ (27,700,000) |  |  |  | $ (26,500,000) |
Percentage of collections on contributed loans |  |  |  |  |  |  |  |  |  | 6.00% |  |  |  |  |
Monthly servicing fee per financing |  |  |  |  |  |  |  |  |  | 6.00% |  |  |  |  |
Mortgage note | [1] |  |  | 9,900,000 |  |  |  |  |  | $ 9,900,000 |  |  |  | 10,500,000 |
Repayment of senior notes |  |  |  |  |  |  |  |  | $ 148,200,000 | 0 |  | $ 401,800,000 |  |  |
Senior notes |  |  |  | 792,000,000.0 |  |  |  |  |  | 792,000,000.0 |  |  |  | 790,600,000 |
Loss on extinguishment of debt |  |  |  | 0 |  | $ 0 | $ 7,400,000 |  | $ 1,800,000 | 0 |  | $ 7,400,000 |  |  |
Debt covenants |  |  |  | 1 |  |  |  |  |  | 1 |  |  |  |  |
Carrying Amount |  |  |  | 4,607,100,000 |  |  |  |  |  | 4,607,100,000 |  |  |  | 4,608,600,000 |
Senior Notes [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unamortized Debt Issuance Costs |  |  |  | (8,000,000.0) |  |  |  |  |  | (8,000,000.0) |  |  |  | (9,400,000) |
Carrying Amount |  |  |  | 792,000,000.0 |  |  |  |  |  | 792,000,000.0 |  |  |  | 790,600,000 |
Mortgages [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount |  |  | $ 12,000,000 | 12,000,000.0 | [2] |  |  |  |  | 12,000,000.0 | [2] |  |  |  |
Unamortized Debt Issuance Costs |  |  |  | 0 |  |  |  |  |  | 0 |  |  |  | 0 |
Close date, secured financings |  |  | Aug. 06, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Mortgage note |  |  |  | $ 9,900,000 |  |  |  |  |  | $ 9,900,000 |  |  |  | $ 10,500,000 |
Debt maturity date |  |  | Aug. 06, 2023 |  |  |  |  |  |  | Aug. 06, 2023 | [2] |  |  |  |
Senior notes yield to maturity |  |  |  | 1.59% |  |  |  |  |  | 1.59% |  |  |  | 1.65% |
Carrying Amount |  |  |  | $ 9,900,000 |  |  |  |  |  | $ 9,900,000 |  |  |  | $ 10,500,000 |
Revolving Secured Line of Credit [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of credit facility | [3] |  |  | 340,000,000.0 |  |  |  |  |  | $ 340,000,000.0 |  |  |  |  |
Percentage of net book value of loans |  |  |  |  |  |  |  |  |  | 80.00% |  |  |  |  |
Unamortized Debt Issuance Costs | [3] |  |  | 0 |  |  |  |  |  | $ 0 |  |  |  | 0 |
Carrying Amount | [3] |  |  | 72,200,000 |  |  |  |  |  | $ 72,200,000 |  |  |  | $ 95,900,000 |
Warehouse Facilities [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Percentage of net book value of loans |  |  |  |  |  |  |  |  |  | 80.00% |  |  |  |  |
Number of warehouse facilities |  |  |  |  |  |  |  |  |  | 6 |  |  |  |  |
Debt facility financing amount |  |  |  | 1,250,000,000 |  |  |  |  |  | $ 1,250,000,000 |  |  |  |  |
Warehouse Facility II [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2],[4] |  |  | $ 400,000,000.0 |  |  |  |  |  | $ 400,000,000.0 |  |  |  |  |
Debt maturity date | [2],[5] |  |  |  |  |  |  |  |  | Apr. 30, 2024 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 0.00% |  |  |  |  |  | 0.00% |  |  |  | 1.90% |
Warehouse Facility IV [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount |  |  |  | $ 300,000,000.0 | [2],[4] |  |  |  |  | $ 300,000,000.0 | [2],[4] |  |  | $ 300,000,000.0 |
Debt maturity date | [2],[5] |  |  |  |  |  |  |  |  | Nov. 17, 2023 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 0.00% |  |  |  |  |  | 0.00% |  |  |  | 0.00% |
Warehouse Facility V [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2],[4] |  |  | $ 125,000,000.0 |  |  |  |  |  | $ 125,000,000.0 |  |  |  |  |
Debt maturity date | [2],[6] |  |  |  |  |  |  |  |  | Dec. 18, 2023 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 0.00% |  |  |  |  |  | 0.00% |  |  |  | 0.00% |
Warehouse Facility VI [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2] |  |  | $ 75,000,000.0 |  |  |  |  |  | $ 75,000,000.0 |  |  |  |  |
Debt maturity date | [2],[5] |  |  |  |  |  |  |  |  | Sep. 30, 2022 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 0.00% |  |  |  |  |  | 0.00% |  |  |  | 0.00% |
Warehouse Facility VII [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2],[4] |  |  | $ 150,000,000.0 |  |  |  |  |  | $ 150,000,000.0 |  |  |  |  |
Debt maturity date | [2],[7] |  |  |  |  |  |  |  |  | Dec. 16, 2021 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 0.00% |  |  |  |  |  | 0.00% |  |  |  | 0.00% |
Term ABS 2017-3 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior notes yield to maturity |  |  |  | 0.00% |  |  |  |  |  | 0.00% |  |  |  | 3.41% |
Term ABS 2018-1 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior notes yield to maturity |  |  |  | 0.00% |  |  |  |  |  | 0.00% |  |  |  | 3.61% |
Term ABS 2018-2 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior notes yield to maturity |  |  |  | 0.00% |  |  |  |  |  | 0.00% |  |  |  | 3.85% |
Term ABS 2018-3 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2] |  |  | $ 398,300,000 |  |  |  |  |  | $ 398,300,000 |  |  |  |  |
Debt financing close date |  |  |  |  |  |  |  |  |  | Aug. 23, 2018 |  |  |  |  |
Debt maturity date | [2],[5] |  |  |  |  |  |  |  |  | Aug. 17, 2020 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 4.04% |  |  |  |  |  | 4.04% |  |  |  | 3.78% |
Net Book Value Of Loans Pledged As Collateral |  |  |  | $ 500,100,000 |  |  |  |  |  | $ 500,100,000 |  |  |  |  |
Term ABS 2019-1 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2] |  |  | $ 402,500,000 |  |  |  |  |  | $ 402,500,000 |  |  |  |  |
Debt financing close date |  |  |  |  |  |  |  |  |  | Feb. 21, 2019 |  |  |  |  |
Debt maturity date | [2],[5] |  |  |  |  |  |  |  |  | Feb. 15, 2021 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 3.73% |  |  |  |  |  | 3.73% |  |  |  | 3.53% |
Net Book Value Of Loans Pledged As Collateral |  |  |  | $ 503,100,000 |  |  |  |  |  | $ 503,100,000 |  |  |  |  |
Term ABS 2019-2 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2] |  |  | $ 500,000,000.0 |  |  |  |  |  | $ 500,000,000.0 |  |  |  |  |
Debt financing close date |  |  |  |  |  |  |  |  |  | Aug. 28, 2019 |  |  |  |  |
Debt maturity date | [2],[8] |  |  |  |  |  |  |  |  | Aug. 15, 2022 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 3.13% |  |  |  |  |  | 3.13% |  |  |  | 3.13% |
Net Book Value Of Loans Pledged As Collateral |  |  |  | $ 625,100,000 |  |  |  |  |  | $ 625,100,000 |  |  |  |  |
Term ABS 2019-3 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2] |  |  | $ 351,700,000 |  |  |  |  |  | $ 351,700,000 |  |  |  |  |
Debt financing close date |  |  |  |  |  |  |  |  |  | Nov. 21, 2019 |  |  |  |  |
Debt maturity date | [2],[5] |  |  |  |  |  |  |  |  | Nov. 15, 2021 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 2.56% |  |  |  |  |  | 2.56% |  |  |  | 2.56% |
Net Book Value Of Loans Pledged As Collateral |  |  |  | $ 439,600,000 |  |  |  |  |  | $ 439,600,000 |  |  |  |  |
Term ABS 2020-1 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2] |  |  | $ 500,000,000.0 |  |  |  |  |  | $ 500,000,000.0 |  |  |  |  |
Debt financing close date |  |  |  |  |  |  |  |  |  | Feb. 20, 2020 |  |  |  |  |
Debt maturity date | [2],[5] |  |  |  |  |  |  |  |  | Feb. 15, 2022 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 2.18% |  |  |  |  |  | 2.18% |  |  |  | 2.18% |
Net Book Value Of Loans Pledged As Collateral |  |  |  | $ 625,100,000 |  |  |  |  |  | $ 625,100,000 |  |  |  |  |
Term ABS 2020-2 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2] |  |  | $ 481,800,000 |  |  |  |  |  | $ 481,800,000 |  |  |  |  |
Debt financing close date |  |  |  |  |  |  |  |  |  | Jul. 23, 2020 |  |  |  |  |
Debt maturity date | [2],[9] |  |  |  |  |  |  |  |  | Jul. 15, 2022 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 1.65% |  |  |  |  |  | 1.65% |  |  |  | 1.65% |
Net Book Value Of Loans Pledged As Collateral |  |  |  | $ 602,300,000 |  |  |  |  |  | $ 602,300,000 |  |  |  |  |
2021 Senior Notes [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 300,000,000
Repayment of senior notes |  |  |  |  |  |  |  | $ 151,800,000 |  |  |  |  |  |  |
Senior notes yield to maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6.125%
2024 Senior Notes [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount |  |  |  | 400,000,000.0 |  |  |  |  |  | $ 400,000,000.0 |  |  |  |  |
Debt maturity date |  |  |  |  |  |  |  |  |  | Dec. 31, 2024 |  |  |  |  |
Senior notes |  |  |  | $ 400,000,000.0 |  |  |  |  |  | $ 400,000,000.0 |  |  |  | $ 400,000,000.0 | $ 400,000,000
Senior notes yield to maturity |  |  |  | 5.125% |  |  |  |  |  | 5.125% |  |  |  | 5.125% | 5.125%
2026 Senior Notes [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount |  | $ 400,000,000 |  | $ 400,000,000.0 |  |  |  |  |  | $ 400,000,000.0 |  |  |  |  |
Close date, secured financings |  | Mar. 07, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |
Senior notes stated interest rate |  | 6.625% |  |  |  |  |  |  |  |  |  |  |  |  |
Debt maturity date |  | Mar. 15, 2026 |  |  |  |  |  |  |  | Mar. 15, 2026 |  |  |  |  |
Senior notes |  |  |  | $ 400,000,000.0 |  |  |  |  |  | $ 400,000,000.0 |  |  |  | $ 400,000,000.0 |
Senior notes yield to maturity |  |  |  | 6.625% |  |  |  |  |  | 6.625% |  |  |  | 6.625% |
2023 Senior Notes [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior notes |  |  |  |  |  |  |  |  |  |  |  |  | $ 250,000,000 |  |
Senior notes yield to maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7.375%
Term ABS 2021-2 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt facility financing amount | [2] |  |  | $ 500,000,000.0 |  |  |  |  |  | $ 500,000,000.0 |  |  |  |  |
Monthly servicing fee per financing |  |  |  |  |  |  |  |  |  | 4.00% |  |  |  |  |
Debt financing close date |  |  |  |  |  |  |  |  |  | Feb. 18, 2021 |  |  |  |  |
Debt maturity date | [2],[9] |  |  |  |  |  |  |  |  | Feb. 15, 2023 |  |  |  |  |
Senior notes yield to maturity |  |  |  | 1.12% |  |  |  |  |  | 1.12% |  |  |  |  |
Net Book Value Of Loans Pledged As Collateral |  |  |  | $ 625,100,000 |  |  |  |  |  | $ 625,100,000 |  |  |  |  |
LIBOR [Member] | Mortgages [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | [2],[4] |  |  |  |  |  |  |  |  | 150.00% |  |  |  |  |
LIBOR [Member] | Revolving Secured Line of Credit [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  |  |  |  |  |  |  | 187.50% |  |  |  |  |
LIBOR [Member] | Warehouse Facility II [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | [2],[4] |  |  |  |  |  |  |  |  | 175.00% |  |  |  |  |
LIBOR [Member] | Warehouse Facility IV [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | [2],[4] |  |  |  |  |  |  |  |  | 210.00% |  |  |  |  |
LIBOR [Member] | Warehouse Facility V [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | [2],[4] |  |  |  |  |  |  |  |  | 225.00% |  |  |  |  |
LIBOR [Member] | Warehouse Facility VI [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | [2] |  |  |  |  |  |  |  |  | 200.00% |  |  |  |  |
Prime Rate [Member] | Revolving Secured Line of Credit [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  |  |  |  |  |  |  | 87.50% |  |  |  |  |
[1] | Measured at amortized cost with fair value disclosed.
[2] | Financing made available only to a specified subsidiary of the Company.
[3] | Excludes deferred debt issuance cost s of $2.3 million and $3.2 million as of September 30, 2021 and December 31, 2020, respectively, which are included in other assets.
[4] | Interest rate cap agreements are in place to limit the exposure to increasing interest rates
[5] | Represents the revolving maturity date. The outstanding balance will amortize after the revolving maturity date based on the cash flows of the pledged assets.
[6] | Represents the revolving maturity date. The outstanding balance will amortize after the revolving maturity date and any amounts remaining on December 16, 2025 will be due on that date.
[7] | Represents the revolving maturity date. The outstanding balance will amortize after the revolving maturity date and any amounts remaining on December 16, 2023 will be due on that date.
[8] | Represents the revolving maturity date. The Company has the option to redeem and retire the indebtedness after the revolving maturity date. If we do not elect this option, the outstanding balance will amortize based on the cash flows of the pledged assets.
[9] | 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.

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- Definition Debt Instrument Covenant Net Income For Past Two Quarters + References No definition available. + Details
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Namespace Prefix: | cacc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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- Definition Debt financing close date + References No definition available. + Details
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Namespace Prefix: | cacc_
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Balance Type: | na
Period Type: | duration

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- Definition Maximum hedging reserve + References No definition available. + Details
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Namespace Prefix: | cacc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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- Definition Monthly Servicing Fee Per Financing + References No definition available. + Details
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Namespace Prefix: | cacc_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

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- Definition Net Book Value Of Loans Pledged As Collateral + References No definition available. + Details
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Namespace Prefix: | cacc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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- Definition Number Warehouse Facilities + References No definition available. + Details
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Namespace Prefix: | cacc_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

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- Definition Percentage of collections on contributed loans + References No definition available. + Details
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Namespace Prefix: | cacc_
Data Type: | num:percentItemType
Balance Type: | na
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