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Note 6 - Fair Values of Assets and Liabilities (Tables) | 3 Months Ended
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Mar. 31, 2022
Notes Tables |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
Assets – As of March 31, 2022 (1) |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Carrying Amount of Assets |
Loans, interest and fees receivable, net for which it is practicable to estimate fair value |  | $ | — |  |  | $ | — |  |  | $ | 90,585 |  |  | $ | 82,426 |
Loans, interest and fees receivable, at fair value |  | $ | — |  |  | $ | — |  |  | $ | 1,405,765 |  |  | $ | 1,405,765 |
Assets – As of December 31, 2021 (1) |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Carrying Amount of Assets |
Loans, interest and fees receivable, net for which it is practicable to estimate fair value |  | $ | — |  |  | $ | — |  |  | $ | 402,380 |  |  | $ | 383,811 |
Loans, interest and fees receivable, at fair value |  | $ | — |  |  | $ | — |  |  | $ | 1,026,424 |  |  | $ | 1,026,424 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  | Loans, Interest and Fees Receivables, at Fair Value |
|  | 2022 |  |  | 2021 |
Balance at January 1, |  | $ | 1,026,424 |  |  | $ | 417,098 |
Cumulative effects from adoption of fair value under the CECL standard |  |  | 314,985 |  |  |  | — |
Net revaluations of loans, interest and fees receivable, at fair value, included in earnings |  |  | (3,372 | ) |  |  | (13,303 | )
Principal charge-offs, net of recoveries, included in earnings |  |  | (68,797 | ) |  |  | (10,686 | )
Finance charge-offs, included in earnings |  |  | (32,511 | ) |  |  | (3,630 | )
Purchases |  |  | 537,573 |  |  |  | 250,469 |
Settlements |  |  | (563,104 | ) |  |  | (211,065 | )
Finance and fees, included in earnings |  |  | 194,567 |  |  |  | 52,551 |
Balance at March 31, |  | $ | 1,405,765 |  |  | $ | 481,434 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
Fair Value Measurement |  | Fair Value at March 31, 2022 (in thousands) |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average) |
Loans, interest and fees receivable, at fair value |  | $ | 1,405,765 |  | Discounted cash flows |  | Gross yield, net of finance charge charge-offs |  |  | 27.6% to 35.8% (32.4%) |
|  |  |  |  |  |  | Payment rate |  |  | 5.6% to 12.2% (10.9%) |
|  |  |  |  |  |  | Expected principal credit loss rate |  |  | 8.1% to 32.1% (30.5%) |
|  |  |  |  |  |  | Servicing rate |  |  | 3.6% to 6.2% (3.7%) |
|  |  |  |  |  |  | Discount rate |  |  | 12.1% to 13.5% (12.7%) |
Fair Value Measurement |  | Fair Value at December 31, 2021 (in thousands) |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average) |
Loans, interest and fees receivable, at fair value |  | $ | 1,026,424 |  | Discounted cash flows |  | Gross yield, net of finance charge charge-offs |  |  | 27.8% to 46.9% (40.9%) |
|  |  |  |  |  |  | Payment rate |  |  | 5.4% to 12.9% (10.6%) |
|  |  |  |  |  |  | Expected principal credit loss rate |  |  | 7.8% to 26.4% (23.5%) |
|  |  |  |  |  |  | Servicing rate |  |  | 3.4% to 5.7% (4.6%) |
|  |  |  |  |  |  | Discount rate |  |  | 12.3% to 13.5% (12.9%) |
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] |
Liabilities – As of March 31, 2022 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Carrying Amount of Liabilities |
Liabilities not carried at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving credit facilities |  | $ | — |  |  | $ | — |  |  | $ | 1,245,513 |  |  | $ | 1,245,513 |
Amortizing debt facilities |  | $ | — |  |  | $ | — |  |  | $ | 23,308 |  |  | $ | 23,308 |
Senior notes, net |  | $ | 148,200 |  |  | $ | — |  |  | $ | — |  |  | $ | 143,310 |
Liabilities – As of December 31, 2021 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Carrying Amount of Liabilities |
Liabilities not carried at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving credit facilities |  | $ | — |  |  | $ | — |  |  | $ | 1,255,518 |  |  | $ | 1,255,518 |
Amortizing debt facilities |  | $ | — |  |  | $ | — |  |  | $ | 23,346 |  |  | $ | 23,346 |
Senior notes, net |  | $ | 153,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 142,951 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  | Notes Payable Associated with Structured Financings, at Fair Value |
|  | 2021 |
Balance at January 1, |  | $ | 2,919 |
Net revaluations of notes payable associated with structured financings, at fair value, included in earnings |  |  | (128 | )
Balance at March 31, |  | $ | 2,791 |
Fair Value Option, Disclosures [Table Text Block] |
As of March 31, 2022 |  | Loans, Interest and Fees Receivable at Fair Value |  |  | Loans, Interest and Fees Receivable Pledged as Collateral under Structured Financings at Fair Value |
Aggregate unpaid gross balance of loans, interest and fees receivable that are reported at fair value |  | $ | 1,102 |  |  | $ | 1,677,610 |
Aggregate unpaid principal balance included within loans, interest and fees receivable that are reported at fair value |  | $ | 1,064 |  |  | $ | 1,530,777 |
Aggregate fair value of loans, interest and fees receivable that are reported at fair value |  | $ | 1,065 |  |  | $ | 1,404,700 |
Aggregate fair value of receivables carried at fair value that are 90 days or more past due (which also coincides with finance charge and fee non-accrual policies) |  | $ | 5 |  |  | $ | 5,100 |
Unpaid principal balance of receivables within loans, interest and fees receivable that are reported at fair value and are 90 days or more past due (which also coincides with finance charge and fee non-accrual policies) over the fair value of such loans, interest and fees receivable |  | $ | 13 |  |  | $ | 94,519 |
As of December 31, 2021 |  | Loans, Interest and Fees Receivable at Fair Value |  |  | Loans, Interest and Fees Receivable Pledged as Collateral under Structured Financings at Fair Value |
Aggregate unpaid gross balance of loans, interest and fees receivable that are reported at fair value |  | $ | 1,249 |  |  | $ | 1,234,039 |
Aggregate unpaid principal balance included within loans, interest and fees receivable that are reported at fair value |  | $ | 1,204 |  |  | $ | 1,131,895 |
Aggregate fair value of loans, interest and fees receivable that are reported at fair value |  | $ | 1,215 |  |  | $ | 1,025,209 |
Aggregate fair value of receivables carried at fair value that are 90 days or more past due (which also coincides with finance charge and fee non-accrual policies) |  | $ | 8 |  |  | $ | 4,640 |
Unpaid principal balance of receivables within loans, interest and fees receivable that are reported at fair value and are 90 days or more past due (which also coincides with finance charge and fee non-accrual policies) over the fair value of such loans, interest and fees receivable |  | $ | 13 |  |  | $ | 59,656 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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