XML 62 R51.htm IDEA: XBRL DOCUMENT v3.23.3
Borrowings - Additional Information (Detail)
 3 Months Ended 9 Months Ended
Jul. 19, 2023
USD ($)
Feb. 16, 2023
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Aug. 31, 2023
USD ($)
installment
Jul. 18, 2023
USD ($)
Dec. 31, 2022
USD ($)
Short-term Debt [Line Items]                  
Secured borrowing payable held by variable interest entity [1]     $ 0   $ 0       $ 756,000
Interest expense     11,483,000 $ 8,513,000 32,807,000 $ 22,795,000      
Amortized debt issuance costs     594,000 582,000 1,872,000 1,626,000      
Debt issuance costs, net [1]     4,217,000   4,217,000       4,049,000
Secured borrowing payable                  
Short-term Debt [Line Items]                  
Extinguishment of debt, amount   $ 100,000              
Finance receivable purchased                 165,000,000
Secured borrowing payable held by variable interest entity                 800,000
Interest expense     0 100,000 10,000 1,300,000      
Capitalized issuance costs         200,000        
Amortized debt issuance costs     0 0 0 0      
Debt issuance costs, net     0   0       0
Line of credit facility, maximum borrowing capacity     0   0        
Senior debt, net                  
Short-term Debt [Line Items]                  
Capitalized issuance costs         2,200,000        
Line of credit facility, maximum borrowing capacity     525,000,000   525,000,000        
Senior debt, net | Revolving Line Of Credit, Maturing January 2024, Opportunity Funding SPE III, LLC                  
Short-term Debt [Line Items]                  
Interest expense     0 2,800,000 0 8,000,000      
Amortized debt issuance costs     0 100,000 0 500,000      
Debt issuance costs, net     0   0       0
Senior debt, net | Revolving Line Of Credit, Maturing April 2024, Opportunity Funding SPE V, LLC; Opportunity Funding SPE VII, LLC                  
Short-term Debt [Line Items]                  
Interest expense     4,700,000 2,900,000 13,600,000 5,500,000      
Capitalized issuance costs         4,100,000        
Amortized debt issuance costs     200,000 100,000 500,000 400,000      
Debt issuance costs, net     2,200,000   2,200,000       1,300,000
Senior debt, net | Revolving Line Of Credit, Maturing April 2023, Opportunity Funding SPE VI, LLC                  
Short-term Debt [Line Items]                  
Interest expense     0   0 1,600,000      
Capitalized issuance costs         900,000        
Amortized debt issuance costs     0   0 100,000      
Debt issuance costs, net     0   0       0
Senior debt, net | Revolving Line Of Credit, Maturing February 2024, Opportunity Funding SPE IV, LLC; SalaryTap Funding SPE, LLC                  
Short-term Debt [Line Items]                  
Interest expense     0 100,000 6,000 300,000      
Capitalized issuance costs         1,100,000        
Amortized debt issuance costs     9,000 100,000 200,000 200,000      
Debt issuance costs, net     0   0       200,000
Line of credit facility, maximum borrowing capacity     0   $ 0        
Basis spread on variable rate         3.85%        
Senior debt, net | Revolving Line Of Credit, Maturing February 2024, Opportunity Funding SPE IV, LLC; SalaryTap Funding SPE, LLC | Secured Overnight Financing Rate (SOFR)                  
Short-term Debt [Line Items]                  
Basis spread on variable rate         0.11%        
Senior debt, net | Revolving Line Of Credit, Maturing December 2026, Opportunity Funding SPE IX, LLC                  
Short-term Debt [Line Items]                  
Interest expense     3,100,000   $ 8,900,000        
Capitalized issuance costs         2,500,000        
Amortized debt issuance costs     200,000   600,000        
Debt issuance costs, net     1,800,000   1,800,000       2,200,000
Line of credit facility, maximum borrowing capacity     150,000,000   $ 150,000,000        
Senior debt, net | Revolving Line Of Credit, Maturing December 2026, Opportunity Funding SPE IX, LLC | Secured Overnight Financing Rate (SOFR)                  
Short-term Debt [Line Items]                  
Basis spread on variable rate         7.50%        
Senior debt, net | Revolving Line Of Credit, Maturing April 2025, Gray Rock SPV, LLC                  
Short-term Debt [Line Items]                  
Interest expense     1,700,000 1,000,000 $ 4,400,000 1,500,000      
Capitalized issuance costs         500,000        
Amortized debt issuance costs     39,000 100,000 100,000 100,000      
Debt issuance costs, net     200,000   200,000       400,000
Line of credit facility, maximum borrowing capacity     75,000,000   $ 75,000,000        
Senior debt, net | Revolving Line Of Credit, Maturing April 2025, Gray Rock SPV, LLC | Secured Overnight Financing Rate (SOFR)                  
Short-term Debt [Line Items]                  
Basis spread on variable rate         7.25%        
Senior debt, net | Term loan, net                  
Short-term Debt [Line Items]                  
Interest expense     2,000,000 1,600,000 $ 5,700,000 4,600,000      
Capitalized issuance costs         2,400,000        
Amortized debt issuance costs     200,000 200,000 400,000 400,000      
Debt issuance costs, net     700,000   700,000       1,000,000
Line of credit facility, maximum borrowing capacity     50,000,000   50,000,000        
Principal amount of debt     50,000,000   50,000,000       $ 50,000,000
Line of Credit | A&R Credit Agreement                  
Short-term Debt [Line Items]                  
Line of credit facility, maximum borrowing capacity $ 250,000,000             $ 200,000,000  
Line of Credit | A&R Credit Agreement | Secured Overnight Financing Rate (SOFR)                  
Short-term Debt [Line Items]                  
Basis spread on variable rate 7.50%                
Line of Credit | A And R Credit Agreement , Tranche B, Maturing July 2027                  
Short-term Debt [Line Items]                  
Line of credit facility, maximum borrowing capacity $ 125,000,000                
Line of Credit | A And R Credit Agreement , Tranche C, Maturing July 2027                  
Short-term Debt [Line Items]                  
Line of credit facility, maximum borrowing capacity 125,000,000                
Line of credit facility, accordion feature, increase limit 25,000,000                
Line of credit facility, accordion feature, maximum borrowing capacity $ 150,000,000                
Total notes payable                  
Short-term Debt [Line Items]                  
Interest expense     26,000 $ 2,000 77,000 $ 4,000      
Line of credit facility, maximum borrowing capacity     $ 2,173,000   $ 2,173,000        
Face amount             $ 2,400,000    
Number of installments | installment             10    
Installment costs             $ 200,000    
[1] (1) Includes amounts in consolidated variable interest entities ("VIEs") presented separately in the table below.