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Consolidated Statements of Cash Flows
$ in Thousands
 6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Cash flows from operating activities:    
Net income $ 45,688 $ 1,145
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses 31,911 77,021
Depreciation and amortization 5,572 5,726
Loss on disposal of property and equipment 1 141
Share-based compensation 3,429 2,474
Fair value adjustment on interest rate caps (775) 62
Deferred income taxes, net 12 (5,886)
Changes in operating assets and liabilities:    
Increase in lease assets (1,108) (739)
(Increase) decrease in other assets 397 (3,380)
Increase (decrease) in accounts payable and accrued expenses (570) 6,795
Increase in lease liabilities 1,094 750
Net cash provided by operating activities 85,651 84,109
Cash flows from investing activities:    
Net repayments (originations) of finance receivables (84,715) 51,872
Purchase of intangible assets (1,509) (480)
Purchase of property and equipment (1,052) (2,624)
Proceeds from disposal of property and equipment   2
Net cash provided by (used in) investing activities (87,276) 48,770
Cash flows from financing activities:    
Net payments on senior revolving credit facility (141,582) (104,564)
Net advances (payments) on revolving warehouse credit facilities 107,173 (19,789)
Net advances on securitizations 118,567  
Payments for debt issuance costs (4,542) (319)
Taxes paid related to net share settlement of equity awards (5,137) (1,238)
Cash dividends (4,700)  
Repurchase of common stock (34,024)  
Net cash provided by (used in) financing activities 35,755 (125,910)
Net change in cash and restricted cash 34,130 6,969
Cash and restricted cash at beginning of period 71,876 56,427
Cash and restricted cash at end of period 106,006 63,396
Supplemental cash flow and non-cash information:    
Interest paid 13,834 17,449
Income taxes paid 14,007 40
Operating leases paid 4,222 4,174
Non-cash lease assets and liabilities acquired 4,550 $ 4,591
Non-cash dividends payable $ 159