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Note 6 - Fair Values of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

Assets – As of March 31, 2024 (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 at amortized cost for which it is practicable to estimate fair value and which are carried at net amortized cost		$	—			$	—			$	105,470			$	100,144
Loans at fair value		$	—			$	—			$	2,150,636			$	2,150,636

Assets – As of December 31, 2023 (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 at amortized cost for which it is practicable to estimate fair value and which are carried at net amortized cost		$	—			$	—			$	105,409			$	98,425
Loans at fair value		$	—			$	—			$	2,173,759			$	2,173,759

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

		Loans at Fair Value
		2024				2023
Balance at January 1,		$	2,173,759			$	1,817,976
Changes in fair value of loans at fair value, included in earnings			72,508				42,061
Changes in fair value due to principal charge-offs, net of recoveries			(167,956	)			(130,175	)
Changes in fair value due to finance and fee charge-offs			(63,723	)			(61,708	)
Purchases			530,095				516,523
Finance and fees, added to the account balance			248,075				219,668
Settlements			(642,122	)			(608,756	)
Balance at March 31,		$	2,150,636			$	1,795,589

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

Liabilities – As of March 31, 2024		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		$	—			$	—			$	1,839,521			$	1,839,521
Amortizing debt facilities		$	—			$	—			$	22,997			$	22,997
Senior notes, net		$	193,003			$	—			$	—			$	199,028

Liabilities – As of December 31, 2023		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		$	—			$	—			$	1,838,647			$	1,838,647
Amortizing debt facilities		$	—			$	—			$	23,038			$	23,038
Senior notes, net		$	138,229			$	—			$	—			$	144,453

Fair Value Option, Disclosures [Table Text Block]

As of March 31, 2024		Loans at Fair Value				Loans at Fair Value Pledged as Collateral under Structured Financings
Aggregate unpaid gross balance of loans at fair value		$	456			$	2,317,648
Aggregate unpaid principal balance included within loans at fair value		$	442			$	2,104,637
Aggregate fair value of loans at fair value		$	456			$	2,150,180
Aggregate fair value of loans at fair value that are 90 days or more past due (which also coincides with finance charge and fee non-accrual policies)		$	—			$	28,203
Unpaid principal balance of loans 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		$	12			$	147,037

As of December 31, 2023		Loans at Fair Value				Loans at Fair Value Pledged as Collateral under Structured Financings
Aggregate unpaid gross balance of loans at fair value		$	507			$	2,410,748
Aggregate unpaid principal balance included within loans at fair value		$	491			$	2,176,845
Aggregate fair value of loans at fair value		$	508			$	2,173,251
Aggregate fair value of loans at fair value that are 90 days or more past due (which also coincides with finance charge and fee non-accrual policies)		$	—			$	29,149
Unpaid principal balance of loans 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		$	9			$	147,803

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Tabular disclosure of assets, 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).

+ References

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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.

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