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Pay vs Performance Disclosure
Pure in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

Pay Versus Performance

 

Overview

 

As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between “compensation actually paid” to our principal executive officer (“PEO”) and the average of our other NEOs and certain of our financial performance measures. Compensation actually paid, as determined under SEC requirements, does not fully represent the actual final amount of compensation earned by, or paid to, our NEOs during the applicable years.

 

The Compensation Committee did not use the information displayed in the tables below, including the calculation of compensation actually paid, as a basis for making compensation decisions. For further information regarding Atlanticus’ compensation philosophy, see “Compensation Discussion and Analysis.”

 

Pay Versus Performance Table

 

The table below sets forth additional compensation information for our NEOs, calculated in accordance with SEC regulations, for fiscal years 2022, 2021 and 2020:

 

                                                    Value of Initial Fixed $100 Investment Based On:                  

Year

 

Summary
Compensation
Table Total for
PEO

(a)

   

Compensation
Actually Paid
to PEO

(b)

   

Average
Summary
Compensation
Table total for
Non-PEO
NEOs

(c)

   

Average
Compensation
Actually Paid
to Non-PEO
NEOs

(d)

   

Atlanticus

Total
Shareholder
Return

(e)

   

Peer Group
Total
Shareholder
Return

(f)

   

Net
Income
($ thousands)

(g)

   

Company
Selected
Measure
(CSM) -
Total Revenue
($ thousands)

(h)

 
   

First

PEO

   

Second

PEO

   

First

PEO

   

Second

PEO

                                                 

2022

  $ 2,189,624       N/A     $ 398,008       N/A     $ 2,144,495     $ 2,018,996     $ 290.79     $ 100.12     $ 134,612     $ 1,046,913  

2021

  $ 1,672,241     $ 1,652,267     $ 1,719,163     $ 18,083,032     $ 1,462,683     $ 6,083,605     $ 791.56     $ 131.98     $ 177,789     $ 748,056  

2020

  $ 1,304,157       N/A     $ 3,472,241       N/A     $ 1,016,245     $ 6,630,170     $ 273.36     $ 103.72     $ 93,917     $ 563,410  

 

Column (a). Reflects compensation amounts reported in the Summary Compensation Table. For 2022, the PEO was Jeffrey A. Howard. For 2021, the first PEO was David G. Hanna and the second PEO was Jeffrey A. Howard. For 2020, the PEO was David G. Hanna.

Column (b). Reflects the respective amounts set forth in column (a) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and computed in accordance with the methodology used for financial reporting purposes. The dollar amounts reflected in column (b) of the table above do not reflect the actual amount of compensation earned, realized, or received by the PEO during the applicable year, with a significant portion of the value subject to forfeiture in the event that the underlying vesting conditions with respect to the equity awards are not achieved. For information regarding the decisions made by our Compensation Committee in regard to the PEO’s compensation for each fiscal year, see “Compensation Discussion and Analysis” and the tables and narrative explanations reporting pay for the fiscal years covered in the table above.

   
PEO Total Compensation Amount $ 2,189,624   $ 1,304,157
PEO Actually Paid Compensation Amount $ 398,008   3,472,241
Adjustment To PEO Compensation, Footnote [Text Block]

Year

 

Summary
Compensation
Table Total for
PEO

   

Less: Summary
Compensation
Table Total
Equity (Stock
Awards +
Option
Awards)

   

Plus: Fair Value
as of Fiscal
Year-End
of Stock and
Option Awards
Granted in
Covered Year

   

Plus: Change in
Fair Value of
Outstanding
Unvested Stock
and Option
Awards From
Prior Years

   

Plus: Change in
Fair Value of
Stock and
Option Awards
from Prior
Years that
Vested in the
Covered Year ($)

   

Less: Fair Value
at Prior Fiscal
Year-End
of Stock and
Option Awards
Forfeited
during the
Covered Year ($)

   

Compensation
Actually Paid
to PEO

 

2022

  $ 2,189,624     $ (860,049 )   $ 494,368     $ (14,280 )   $ (1,411,655 )         $ 398,008  

2021

First PEO

  $ 1,672,241                 $ 28,902     $ 18,020           $ 1,719,163  

2021

Second PEO

  $ 1,652,267                 $ 9,078,015     $ 7,352,750           $ 18,083,032  

2020

  $ 1,304,157     $ (9,470 )   $ 17,459           $ 2,160,095           $ 3,472,241  

 

Column (c). Reflects compensation amounts reported in the Summary Compensation Table. The following non-PEO NEOs are included in the average amounts shown:

2022: David G. Hanna and William R. McCamey

2021: William R. McCamey

2020: Jeffrey A. Howard and William R. McCamey

Column (d). Reflects the respective amounts set forth in column (c) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and computed in accordance with the methodology used for financial reporting purposes. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned, realized, or received by the non-PEO NEOs during the applicable year, with a significant portion of the value subject to forfeiture in the event that the underlying vesting conditions with respect to the equity awards are not achieved. For information regarding the decisions made by our Compensation Committee in regard to the non-PEO NEOs’ compensation for each fiscal year, see “Compensation Discussion and Analysis” and the tables and narrative explanations reporting pay for the fiscal years covered in the table above.

   
Non-PEO NEO Average Total Compensation Amount $ 2,144,495 $ 1,462,683 1,016,245
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,018,996 6,083,605 6,630,170
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

Year

 

Summary
Compensation
Table Total for
Non-PEO
NEOs

   

Less: Summary
Compensation
Table Total
Equity (Stock
Awards +
Option
Awards)

   

Plus: Fair Value
as of Fiscal Year-End
of Stock and
Option Awards
Granted in
Covered Year

   

Plus: Change
in Fair Value of
Outstanding
Unvested
Stock and
Option Awards From
Prior Years

   

Plus: Change in
Fair Value of
Stock and
Option Awards
from Prior
Years that
Vested in the
Covered Year ($)

   

Less: Fair Value
at Prior Fiscal Year-End
of Stock and
Option Awards
Forfeited during the
Covered Year ($)

   

Compensation
Actually Paid
to Non-PEO
NEOs

 

2022

  $ 2,144,495     $ (230,020 )   $ 132,219     $ (14,280 )   $ (13,418 )         $ 2,018,996  

2021

  $ 1,462,683                 $ 28,902     $ 4,592,020           $ 6,083,605  

2020

  $ 1,016,245     $ (9,470 )   $ 17,459     $ 5,559,452     $ 46,484           $ 6,630,170  

 

Column (e). For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of Atlanticus through December 31 of the applicable fiscal year, assuming $100 was invested on December 31, 2019.

Column (f). For the relevant fiscal year, represents the cumulative TSR of the Nasdaq Financial 100 (“Peer Group TSR”) through December 31 of the applicable fiscal year, assuming $100 was invested on December 31, 2019 and reinvestment of dividends. 

Column (g). Reflects Net Income in Atlanticus’ Consolidated Statements of Income included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2022, 2021 and 2020.

Column (h). Company Selected Measure (“CSM”) is Total Revenue from Atlanticus’ Consolidated Statements of Income included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2022, 2021 and 2020.

   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Relationship Between Compensation Actually Paid and Certain Financial Performance Measures

 

The following graphs illustrate the relationship between compensation actually paid to our PEO and other NEOs in 2022, 2021 and 2020 and certain financial performance measures.         

 

Relationship Between Compensation Actually Paid and TSR

 

The following graph illustrates the relationship between compensation actually paid to our PEO and other NEOs, the cumulative total shareholder return (“TSR”) on $100 investing in Atlanticus’ common stock at the close of the market on December 31, 2019, with dividends reinvested on the date paid through December 31, 2022, and the cumulative Peer Group TSR. The Peer Group TSR is calculated in a similar manner to Atlanticus’ TSR.

 
proxy125.jpg
   
Compensation Actually Paid vs. Net Income [Text Block]

Relationship Between Compensation Actually Paid and Net Income

 

The following graph illustrates the relationship between compensation actually paid to our PEO and other NEOs and Atlanticus’ Net Income in 2022, 2021 and 2020.

 

proxy225.jpg
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]

Relationship Between Compensation Actually Paid and Total Revenue

 

The following graph illustrates the relationship between compensation actually paid to our PEO and other NEOs and Atlanticus’ Total Revenue in 2022, 2021 and 2020.

 

proxy325.jpg

   
Tabular List [Table Text Block]

Most Important Performance Measures

 

We believe the following performance measures represent the most important financial performance measures used by our Compensation Committee to link compensation actually paid to our NEOs for the fiscal year ended December 31, 2022:

 

Total Revenue

Net Income Attributable to Common Shareholders Per Common Share – Diluted

Total Assets

   
Total Shareholder Return Amount $ 290.79 791.56 273.36
Peer Group Total Shareholder Return Amount 100.12 131.98 103.72
Net Income (Loss) $ 134,612,000 $ 177,789,000 $ 93,917,000
Company Selected Measure Amount 1,046,913 748,056 563,410
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Total Revenue    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Net Income Attributable to Common Shareholders Per Common Share – Diluted    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Total Assets    
PEO Less: Summary Compensation Table Total Equity (Stock Awards +Option Awards) [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (860,049)   $ (9,470)
PEO Plus: Fair Value as of Fiscal Year-End of Stock and Option Awards Granted in Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 494,368   17,459
PEO Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards From Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (14,280)    
PEO Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,411,655)   2,160,095
First PEO Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards From Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   $ 28,902  
First PEO Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   18,020  
Second PEO Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards From Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   9,078,015  
Second PEO Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   7,352,750  
NEO Less: Summary Compensation Table Total Equity (Stock Awards +Option Awards) [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (230,020)   (9,470)
NEO Plus: Fair Value as of Fiscal Year-End of Stock and Option Awards Granted in Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 132,219   17,459
NEO Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards From Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (14,280) 28,902 5,559,452
NEO Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (13,418) 4,592,020 46,484
First PEO [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount 2,189,624 1,672,241 1,304,157
PEO Actually Paid Compensation Amount $ 398,008 1,719,163 $ 3,472,241
Second PEO [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount   1,652,267  
PEO Actually Paid Compensation Amount   $ 18,083,032