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v3.22.2.2

Note C - Finance Receivables, Net (Tables) | 3 Months Ended
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Jul. 31, 2022
Notes Tables |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
(In thousands) |  | July 31, 2022 |  |  | April 30, 2022 |
Gross contract amount |  | $ | 1,490,047 |  |  | $ | 1,378,803 |
Less unearned finance charges |  |  | (304,771 | ) |  |  | (277,306 | )
Principal balance |  |  | 1,185,276 |  |  |  | 1,101,497 |
Less allowance for credit losses |  |  | (265,818 | ) |  |  | (247,207 | )
Finance receivables, net |  | $ | 919,458 |  |  | $ | 854,290 |
Change In Finance Receivables Net [Table Text Block] |
|  | Three Months Ended July 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Balance at beginning of period |  | $ | 854,290 |  |  | $ | 625,119 |
Finance receivable originations |  |  | 287,416 |  |  |  | 234,893 |
Finance receivable collections |  |  | (103,879 | ) |  |  | (97,342 | )
Provision for credit losses |  |  | (82,903 | ) |  |  | (54,108 | )
Losses on claims for accident protection plan |  |  | (6,108 | ) |  |  | (4,518 | )
Inventory acquired in repossession and accident protection plan claims |  |  | (29,358 | ) |  |  | (15,451 | )
Balance at end of period |  | $ | 919,458 |  |  | $ | 688,593 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | Three Months Ended July 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Balance at beginning of period |  | $ | 247,207 |  |  | $ | 184,418 |
Provision for credit losses |  |  | 82,903 |  |  |  | 54,108 |
Charge-offs, net of recovered collateral |  |  | (64,292 | ) |  |  | (36,652 | )
Balance at end of period |  | $ | 265,818 |  |  | $ | 201,874 |
Financing Receivable, Past Due [Table Text Block] |
(Dollars in thousands) |  | July 31, 2022 |  |  | April 30, 2022 |  |  | July 31, 2021 |
|  | Principal |  |  | Percent of |  |  | Principal |  |  | Percent of |  |  | Principal |  |  | Percent of |
|  | Balance |  |  | Portfolio |  |  | Balance |  |  | Portfolio |  |  | Balance |  |  | Portfolio |
Current |  | $ | 990,391 |  |  |  | 83.56 | % |  | $ | 958,808 |  |  |  | 87.05 | % |  | $ | 767,375 |  |  |  | 86.18 | %
3 - 29 days past due |  |  | 151,953 |  |  |  | 12.82 | % |  |  | 109,873 |  |  |  | 9.97 | % |  |  | 93,712 |  |  |  | 10.53 | %
30 - 60 days past due |  |  | 33,576 |  |  |  | 2.83 | % |  |  | 22,477 |  |  |  | 2.04 | % |  |  | 19,328 |  |  |  | 2.17 | %
61 - 90 days past due |  |  | 6,675 |  |  |  | 0.56 | % |  |  | 7,360 |  |  |  | 0.67 | % |  |  | 6,096 |  |  |  | 0.68 | %
> 90 days past due |  |  | 2,681 |  |  |  | 0.23 | % |  |  | 2,979 |  |  |  | 0.27 | % |  |  | 3,956 |  |  |  | 0.44 | %
Total |  | $ | 1,185,276 |  |  |  | 100.00 | % |  | $ | 1,101,497 |  |  |  | 100.00 | % |  | $ | 890,467 |  |  |  | 100.00 | %
Financing Receivable Credit Quality Indicators [Table Text Block] |
|  | Three Months Ended July 31, |
|  | 2022 |  |  | 2021 |
Average total collected per active customer per month |  | $ | 516 |  |  | $ | 487 |
Principal collected as a percent of average finance receivables |  |  | 9.1 | % |  |  | 11.5 | %
Average down-payment percentage |  |  | 5.4 | % |  |  | 6.9 | %
Average originating contract term (in months) |  |  | 42.8 |  |  |  | 38.8 |
|  | July 31, 2022 |  |  | July 31, 2021 |
Portfolio weighted average contract term, including modifications (in months) |  |  | 44.0 |  |  |  | 38.7 |
Schedule of Financing Receivable by Fiscal Year of Origination [Table Text Block] |
|  |  | As of July 31, 2022 |
(Dollars in thousands) |  |  | Fiscal Year of Origination |  |  | Prior to |  |  |  |  |  |  |  |  |
Customer Rating |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2019 |  |  | Total |  |  | % |
1-2 |  |  | $ | 13,884 |  |  | $ | 28,789 |  |  | $ | 8,207 |  |  | $ | 1,283 |  |  | $ | 51 |  |  | $ | - |  |  | $ | 52,214 |  |  |  | 4.4 | %
3-4 |  |  | $ | 95,459 |  |  | $ | 208,770 |  |  | $ | 64,427 |  |  | $ | 8,036 |  |  | $ | 313 |  |  | $ | 21 |  |  | $ | 377,026 |  |  |  | 31.8 | %
5-6 |  |  | $ | 176,849 |  |  | $ | 420,932 |  |  | $ | 139,152 |  |  | $ | 18,122 |  |  | $ | 939 |  |  | $ | 42 |  |  | $ | 756,036 |  |  |  | 63.8 | %
Total |  |  | $ | 286,192 |  |  | $ | 658,491 |  |  | $ | 211,786 |  |  | $ | 27,441 |  |  | $ | 1,303 |  |  | $ | 63 |  |  | $ | 1,185,276 |  |  |  | 100.0 | %
|  |  | As of July 31, 2021 |
(Dollars in thousands) |  |  | Fiscal Year of Origination |  |  | Prior to |  |  |  |  |  |  |  |  |
Customer Rating |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | 2018 |  |  | Total |  |  | % |
1-2 |  |  | $ | 13,031 |  |  | $ | 27,001 |  |  | $ | 8,695 |  |  | $ | 697 |  |  | $ | 35 |  |  | $ | - |  |  | $ | 49,459 |  |  |  | 5.6 | %
3-4 |  |  | $ | 79,135 |  |  | $ | 176,149 |  |  | $ | 48,573 |  |  | $ | 4,551 |  |  | $ | 201 |  |  | $ | 23 |  |  | $ | 308,632 |  |  |  | 34.7 | %
5-6 |  |  | $ | 137,320 |  |  | $ | 299,843 |  |  | $ | 83,001 |  |  | $ | 11,155 |  |  | $ | 977 |  |  | $ | 80 |  |  | $ | 532,376 |  |  |  | 59.7 | %
Total |  |  | $ | 229,486 |  |  | $ | 502,993 |  |  | $ | 140,269 |  |  | $ | 16,403 |  |  | $ | 1,213 |  |  | $ | 103 |  |  | $ | 890,467 |  |  |  | 100.0 | %

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