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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of components of the purchase price allocation


Purchase Price:
Total purchase consideration paid			$	196,303

Allocation of purchase price:
Investments in receivables, net:
Unpaid principal balance		407,718
Allowance for credit losses at time of acquisition		(304,792)
Non-credit premium / (discount)		93,376
Total investments in receivables, net			$	196,303

Schedule of relative fair values of the assets acquired and liabilities assumed

The Company has determined the relative fair values of the assets acquired and liabilities assumed, as of the date of acquisition, as presented (in thousands):


Purchase Price:
Total purchase consideration paid			$	244,937

Allocation of purchase price:
Cash and cash equivalents				1,224
Investments in receivables, net:
Unpaid principal balance		566,696
Allowance for credit losses at time of acquisition		(251,317)
Non-credit discount		(89,316)
Investment in previously charged-off receivables		11,964
Total investments in receivables, net				238,028
Prepaid expenses and other assets:
Lease (ROU asset)		789
Information Technology Hardware		413
Total prepaid expenses and other assets:				1,202
Other intangible assets:
Intellectual property		2,881
Assembled workforce		2,391
Total other intangible assets				5,272

Accounts payable and accrued expenses
Lease (ROU liability)				789

Total net assets acquired			$	244,937