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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income $ 75,681 $ 110,922
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion, net 2,785 4,094
Provision for losses on loans, interest and fees receivable 1,551 710
Income from accretion of merchant fees and discount associated with receivables purchases (118,909) (109,312)
Changes in fair value of loans, interest and fees receivable recorded at fair value 505,505 414,863
Amortization of deferred loan costs 4,886 3,646
Stock-based compensation costs 2,870 3,227
Lease liability payments (1,116) (3,845)
Changes in assets and liabilities:    
Increase in uncollected fees on earning assets (173,459) (182,379)
Increase in income tax liability 20,487 4,326
Increase in accounts payable and accrued expenses 4,957 3,011
Other 1,412 (3,623)
Net cash provided by operating activities 326,650 245,640
Investing activities    
Proceeds from recoveries on charged off receivables 41,414 21,490
Investments in earning assets (1,860,302) (1,946,759)
Proceeds from earning assets 1,361,788 1,402,124
Purchases and development of property, net of disposals (3,909) (1,299)
Net cash used in investing activities (461,009) (524,444)
Financing activities    
Noncontrolling interests contributions 4 4
Proceeds from issuance of Series B preferred stock, net of issuance costs 1,118 191
Preferred dividends (18,650) (18,559)
Proceeds from exercise of stock options 3,090 3,629
Purchase and retirement of outstanding common and preferred stock (14,363) (89,008)
Proceeds from borrowings 671,951 481,236
Repayment of borrowings (541,964) (218,565)
Net cash provided by financing activities 101,186 158,928
Effect of exchange rate changes on cash and cash equivalents and restricted cash 3 (61)
Net decrease in cash and cash equivalents and restricted cash (33,170) (119,937)
Cash and cash equivalents and restricted cash at beginning of period 433,192 506,628
Cash and cash equivalents and restricted cash at end of period 400,022 386,691
Supplemental cash flow information    
Cash paid for interest 70,709 53,463
Net cash income tax payments 1,685 4,242
Decrease in accrued and unpaid preferred dividends $ (2) $ (7)