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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Reconciliation

Income tax expense was $14.9 million, $14.8 million, and $9.1 million for the years ended December 31, 2016, 2015, and 2014, respectively, which differed from the amount computed by applying the federal income tax rate of 35% to total income before income taxes as a result of the following:

		Year Ended December 31,
In thousands		2016				2015				2014
Federal tax expense at statutory rate		$	13,632			$	13,349			$	8,379
Increase (reduction) in income taxes resulting from:
State tax, net of federal benefit			1,275				1,098				603
Non-deductible compensation			—				378				—
Other			10				(51	)			155
		$	14,917			$	14,774			$	9,137

Income Tax Expense Attributable to Total Income Before Income Taxes

Income tax expense attributable to total income before income taxes consists of the following for the periods indicated:

		Year Ended December 31,
In thousands		2016				2015				2014
Current:
Federal		$	11,431			$	13,037			$	11,827
State and local			1,584				1,859				1,859
			13,015				14,896				13,686
Deferred:
Federal			1,694				(104	)			(3,958	)
State and local			208				(18	)			(591	)
			1,902				(122	)			(4,549	)
Total		$	14,917			$	14,774			$	9,137

Net Deferred Tax Assets and Liabilities

Net deferred tax assets and liabilities consist of the following as of the periods indicated:

		December 31,
In thousands		2016				2015
Deferred tax assets:
Allowance for credit losses		$	15,823			$	14,463
Share-based compensation			2,888				2,241
Unearned insurance premiums			2,612				2,152
Amortization of intangible assets			675				661
Accrued expenses			565				475
Deferred contract incentive			307				—
State net operating loss carryforward			32				17
Other			50				111
Gross deferred tax assets			22,952				20,120
Deferred tax liabilities:
Fair market value adjustment of finance receivables			17,448				13,469
Deferred loan costs			2,283				2,302
Tax over book depreciation			2,266				1,585
Prepaid expenses			724				616
Other			198				166
Gross deferred tax liabilities			22,919				18,138
Net deferred tax asset		$	33			$	1,982

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- References

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

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