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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
ASSETS:    
Cash and cash equivalents $ 8.3 $ 13.2
Restricted cash and cash equivalents 509.3 457.7
Debt Securities, Available-for-sale, Restricted 106.1 93.2
Loans receivable [1],[2] 10,884.2 10,020.1
Allowance for credit losses (3,336.5) (3,064.8)
Loans receivable, net 7,547.7 6,955.3
Property and equipment, net 16.1 46.5
Income taxes receivable 39.9 4.3
Other assets 28.0 40.0
Total assets 8,255.4 7,610.2
Liabilities:    
Accounts payable and accrued liabilities 344.2 318.8
Revolving secured lines of credit 84.3 79.2
Secured financing 4,872.2 3,990.9
Senior notes 990.1 989.0
Mortgage note 0.0 8.4 [3]
Deferred income taxes, net 409.5 389.2
Income taxes payable 0.2 81.0
Total liabilities 6,700.5 5,856.5
Commitments and Contingencies - See Note 16
Shareholders' Equity:    
Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued 0.0 0.0
Common stock, $.01 par value, 80,000,000 shares authorized, 12,111,128 and 12,522,397 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 0.1 0.1
Paid-in capital 313.8 279.0
Retained earnings 1,242.2 1,475.6
Accumulated other comprehensive loss (1.2) (1.0)
Total shareholders’ equity 1,554.9 1,753.7
Total liabilities and shareholders’ equity $ 8,255.4 $ 7,610.2
Preferred stock, par value (in usd per share) $ 0.01 $ 0.01
Preferred stock, shares authorized 1,000,000 1,000,000
Preferred stock, shares issued 0 0
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, shares authorized 80,000,000 80,000,000
Common stock, shares issued 12,111,128 12,522,397
Balance, shares 12,111,128 12,522,397
[1] As Consumer Loans are aggregated by Dealer for purposes of recognizing revenue and measuring credit losses, the Dealer Loan amount was estimated by allocating the balance of each Dealer Loan to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.
[2] As certain Consumer Loans are aggregated by Dealer or month of purchase for purposes of recognizing revenue and measuring credit losses, the Purchased Loan amount was estimated by allocating the balance of certain Purchased Loans to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.
[3] Measured at amortized cost with fair value disclosed.