XML 59 R43.htm IDEA: XBRL DOCUMENT v3.25.4
Acquisitions (Details)
$ in Thousands
12 Months Ended
Dec. 04, 2025
USD ($)
Dec. 03, 2024
USD ($)
Dec. 31, 2025
USD ($)
employee
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jan. 31, 2025
employee
Dec. 04, 2024
employee
Allocation of purchase price:              
Cash and cash equivalents     $ 23,231 $ 35,506 $ 14,371    
Prepaid expenses and other assets:              
Lease (ROU asset)     3,658 4,449      
Accounts payable and accrued expenses              
Operating lease liabilities     4,179 4,860      
Portfolio revenue     566,417 395,885 293,574    
Servicing revenue     39,676 29,118 20,678    
Net Operating Income     316,495 220,267 $ 164,051    
Bluestem Receivables Asset Acquisition              
Acquisitions              
Transaction costs $ 200            
Secure implementation obligations 20,000            
Purchase Price:              
Total purchase consideration paid 196,303            
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            
Accounts payable and accrued expenses              
Portfolio revenue     5,400        
Net Operating Income     $ 2,500        
Conn's Portfolio Purchase              
Acquisitions              
Number of former employees hired | employee     91     197 197
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 premium / (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:              
Total other intangible assets   5,272          
Accounts payable and accrued expenses              
Operating lease liabilities   789          
Total net assets acquired   $ 244,937          
Portfolio revenue     $ 95,800 9,400      
Servicing revenue     10,000 1,900      
Net Operating Income     $ 73,200 $ 3,100      
Conn's Portfolio Purchase | Information technology hardware              
Accounts payable and accrued expenses              
Estimated useful life   36 months          
Conn's Portfolio Purchase | Intellectual property              
Other intangible assets:              
Total other intangible assets   $ 2,881          
Accounts payable and accrued expenses              
Acquired intangible assets weighted average amortization period   31 months          
Conn's Portfolio Purchase | Assembled workforce              
Other intangible assets:              
Total other intangible assets   $ 2,391          
Accounts payable and accrued expenses              
Acquired intangible assets weighted average amortization period   31 months