XML 48 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The current and deferred portions (in thousands) of federal, foreign and state income tax benefit or expense are as follows:

		For the Year Ended December 31,
		2017				2016
Federal income tax benefit:
Current tax (expense) benefit		$	(113	)		$	59
Deferred tax benefit		6,187				5,884
Total federal income tax benefit		$	6,074			$	5,943
Foreign income tax expense:
Current tax expense		$	(94	)		$	(41	)
Deferred tax benefit		8				3
Total foreign income tax expense		$	(86	)		$	(38	)
State and other income tax benefit:
Current tax benefit (expense)		$	16			$	(116	)
Deferred tax benefit		374				226
Total state and other income tax benefit		$	390			$	110
Total income tax benefit		$	6,378			$	6,015

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following table reconciles our effective income tax benefit rates for 2017 and 2016:

		For the Year Ended December 31,
		2017			2016
Statutory benefit rate		35.0	%		35.0	%
Increase (decrease) in statutory tax benefit rate resulting from:
Changes in valuation allowances		(12.7	)		6.2
Interest and penalties related to uncertain tax positions		(0.9	)		(0.1	)
Foreign income taxes		0.6			7.5
Permanent and other prior year true ups		(0.4	)		(0.5	)
Impact of change in federal tax rate		(8.7	)		—
State and other income taxes, net		0.6			0.6
Effective benefit rate		13.5	%		48.7	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

As of December 31, 2017 and December 31, 2016, the respective significant components (in thousands) of our deferred tax assets and liabilities were:

		As of December 31,
		2017				2016
Deferred tax assets:
Software development costs/fixed assets		$	83			$	—
Goodwill and intangible assets		1,801				3,798
Provision for loan loss		16,320				18,353
Equity-based compensation		604				670
Accrued expenses		113				1,678
Accruals for state taxes and interest associated with unrecognized tax benefits		78				286
Federal net operating loss carry-forward		49,098				70,778
Alternative minimum tax credit carry-forward		2,005				2,145
Foreign net operating loss carry-forward		362				374
State tax benefits		44,643				35,409
Deferred tax assets, gross		$	115,107			$	133,491
Valuation allowances		(48,242		)		(33,924		)
Deferred tax assets net of valuation allowance		$	66,865			$	99,567
Deferred tax liabilities:
Prepaid expenses and other		$	(194	)		$	(184	)
Software development costs/fixed assets		—				(157		)
Equity in income of equity-method investee		(1,054		)		(1,455		)
Other		(511		)		(58		)
Credit card fair value election differences		(32,464		)		(42,939		)
Deferred costs		(466		)		(696		)
Convertible senior notes		(20,098		)		(28,921		)
Cancellation of indebtedness income		(9,841		)		(29,491		)
Deferred tax liabilities, gross		$	(64,628	)		$	(103,901	)
Deferred tax assets (liabilities), net		$	2,237			$	(4,334	)

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]

Reconciliations (in thousands) of our unrecognized tax benefits from the beginning to the end of 2017 and 2016, respectively, are as follows:

		2017				2016
Balance at January 1,		$	(818	)		$	(1,798	)
Reductions based on tax positions related to prior years		583				1,167
Additions based on tax positions related to the current year		(87		)		(82		)
Interest and penalties accrued		(51		)		(105		)
Balance at December 31,		$	(373	)		$	(818	)

X

- Definition

Income Taxes [Abstract]

+ References

No definition available.

+ Details

Name:	atlc_IncomeTaxesAbstract
Namespace Prefix:	atlc_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319

+ Details

Name:	us-gaap_SummaryOfPositionsForWhichSignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration