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Note 7 - Fair Values of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

Assets – As of September 30, 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		$	—			$	—			$	97,303			$	89,084
Loans, interest and fees receivable, at fair value		$	—			$	—			$	1,728,091			$	1,728,091

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			(52,687	)			(83,052	)
Principal charge-offs, net of recoveries, included in earnings			(243,186	)			(45,679	)
Finance and fees, included in earnings			642,181				234,430
Finance charge-offs, included in earnings			(118,990	)			(16,948	)
Purchases			1,890,558				1,137,207
Settlements			(1,731,194	)			(796,896	)
Balance at September 30,		$	1,728,091			$	846,160

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

Fair Value Measurement		Fair Value at September 30, 2022 (in thousands)			Valuation Technique		Unobservable Input		Range (Weighted Average)
Loans, interest and fees receivable, at fair value		$	1,728,091		Discounted cash flows		Gross yield, net of finance charge charge-offs			25.4% to 37.7% (32.9%)
							Payment rate			5.3% to 12.4% (11.0%)
							Expected principal credit loss rate			6.1% to 32.5% (32.3%)
							Servicing rate			3.4% to 7.1% (3.8%)
							Discount rate			9.9% to 10.5% (10.3%)

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 September 30, 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		$	—			$	—			$	1,520,875			$	1,520,875
Amortizing debt facilities		$	—			$	—			$	23,233			$	23,233
Senior notes, net		$	131,460			$	—			$	—			$	144,027

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			(698	)
Balance at September 30,		$	2,221

Fair Value Option, Disclosures [Table Text Block]

As of September 30, 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		$	870			$	2,049,484
Aggregate unpaid principal balance included within loans, interest and fees receivable that are reported at fair value		$	840			$	1,852,196
Aggregate fair value of loans, interest and fees receivable that are reported at fair value		$	878			$	1,727,213
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)		$	7			$	6,431
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		$	7			$	132,877

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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