Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2016

Following is a summary of the Company’s long-term debt as of the periods indicated:


	September 30, 2016							December 31, 2015
In thousands	Long-term Debt		Unamortized Debt Issuance Costs			Net Long-term Debt		Long-term Debt		Unamortized Debt Issuance Costs			Net Long-term Debt
Senior revolving credit facility	$	435,400	$	(1,242	)	$	434,158	$	338,281	$	(1,022	)	$	337,259
Amortizing loan		46,366		(1,161	)		45,205		72,896		(1,670	)		71,226

Total	$	481,766	$	(2,403	)	$	479,363	$	411,177	$	(2,692	)	$	408,485

Unused amount of senior revolving credit facility (subject to borrowing base)	$	149,600						$	199,719

Variable Interest Entity, Primary Beneficiary [Member]

Schedule of Carrying Amount of the VIE's Assets and Liabilities

The carrying amount of VIE assets and liabilities are as follows:


In thousands	September 30, 2016			December 31, 2015
Assets
Cash	$	41		$	376
Finance receivables		49,608			80,309
Allowance for credit losses		(2,976	)		(2,588	)
Restricted cash		4,786			7,605
Repossessed assets at net realizable value		142			36
Other assets		10			—

Total assets	$	51,611		$	85,738


Liabilities
Net long-term debt	$	45,205		$	71,226
Accounts payable and accrued expenses		4			50

Total liabilities	$	45,209		$	71,276

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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