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v3.22.2.2

Note C - Finance Receivables, Net (Tables) | 6 Months Ended
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Oct. 31, 2022
Notes Tables |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
(In thousands) |  | October 31, 2022 |  |  | April 30, 2022 |
Gross contract amount |  | $ | 1,584,745 |  |  | $ | 1,378,803 |
Less unearned finance charges |  |  | (325,096 | ) |  |  | (277,306 | )
Principal balance |  |  | 1,259,649 |  |  |  | 1,101,497 |
Less allowance for credit losses |  |  | (272,730 | ) |  |  | (237,823 | )
Finance receivables, net |  | $ | 986,919 |  |  | $ | 863,674 |
Change In Finance Receivables Net [Table Text Block] |
|  | Six Months Ended October 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Balance at beginning of period |  | $ | 863,674 |  |  | $ | 632,270 |
Finance receivable originations |  |  | 580,838 |  |  |  | 476,580 |
Finance receivable collections |  |  | (206,358 | ) |  |  | (194,546 | )
Provision for credit losses |  |  | (165,068 | ) |  |  | (106,341 | )
Losses on claims for accident protection plan |  |  | (11,232 | ) |  |  | (10,012 | )
Inventory acquired in repossession and accident protection plan claims |  |  | (74,935 | ) |  |  | (33,881 | )
Balance at end of period |  | $ | 986,919 |  |  | $ | 764,070 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | Six Months Ended October 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Balance at beginning of period |  | $ | 237,823 |  |  | $ | 177,267 |
Provision for credit losses |  |  | 165,068 |  |  |  | 106,341 |
Charge-offs, net of recovered collateral and deferred ancillary product revenue |  |  | (130,161 | ) |  |  | (74,651 | )
Balance at end of period |  | $ | 272,730 |  |  | $ | 208,957 |
Financing Receivable, Past Due [Table Text Block] |
(Dollars in thousands) |  | October 31, 2022 |  |  | April 30, 2022 |  |  | October 31, 2021 |
|  | Principal |  |  | Percent of |  |  | Principal |  |  | Percent of |  |  | Principal |  |  | Percent of |
|  | Balance |  |  | Portfolio |  |  | Balance |  |  | Portfolio |  |  | Balance |  |  | Portfolio |
Current |  | $ | 1,028,291 |  |  |  | 81.63 | % |  | $ | 958,808 |  |  |  | 87.05 | % |  | $ | 819,314 |  |  |  | 84.78 | %
3 - 29 days past due |  |  | 185,434 |  |  |  | 14.72 | % |  |  | 109,873 |  |  |  | 9.97 | % |  |  | 108,563 |  |  |  | 11.23 | %
30 - 60 days past due |  |  | 35,258 |  |  |  | 2.80 | % |  |  | 22,477 |  |  |  | 2.04 | % |  |  | 24,499 |  |  |  | 2.53 | %
61 - 90 days past due |  |  | 7,151 |  |  |  | 0.57 | % |  |  | 7,360 |  |  |  | 0.67 | % |  |  | 7,509 |  |  |  | 0.78 | %
> 90 days past due |  |  | 3,515 |  |  |  | 0.28 | % |  |  | 2,979 |  |  |  | 0.27 | % |  |  | 6,540 |  |  |  | 0.68 | %
Total |  | $ | 1,259,649 |  |  |  | 100.00 | % |  | $ | 1,101,497 |  |  |  | 100.00 | % |  | $ | 966,425 |  |  |  | 100.00 | %
Financing Receivable Credit Quality Indicators [Table Text Block] |
|  | Six Months Ended October 31, |
|  | 2022 |  |  | 2021 |
Average total collected per active customer per month |  | $ | 515 |  |  | $ | 486 |
Principal collected as a percent of average finance receivables |  |  | 17.4 | % |  |  | 21.9 | %
Average down-payment percentage |  |  | 5.2 | % |  |  | 6.4 | %
Average originating contract term (in months) |  |  | 42.5 |  |  |  | 39.7 |
|  | October 31, 2022 |  |  | October 31, 2021 |
Portfolio weighted average contract term, including modifications (in months) |  |  | 44.8 |  |  |  | 40.0 |
Schedule of Financing Receivable by Fiscal Year of Origination [Table Text Block] |
|  |  | As of October 31, 2022 |
(Dollars in thousands) |  |  | Fiscal Year of Origination |  |  | Prior to |  |  |  |  |  |  |  |  |
Customer Rating |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2019 |  |  | Total |  |  | % |
1-2 |  |  | $ | 23,888 |  |  | $ | 22,264 |  |  | $ | 5,838 |  |  | $ | 741 |  |  | $ | 12 |  |  | $ | - |  |  | $ | 52,743 |  |  |  | 4.2 | %
3-4 |  |  | $ | 174,553 |  |  | $ | 167,298 |  |  | $ | 48,272 |  |  | $ | 4,422 |  |  | $ | 157 |  |  | $ | 9 |  |  | $ | 394,711 |  |  |  | 31.3 | %
5-6 |  |  | $ | 329,882 |  |  | $ | 359,342 |  |  | $ | 110,775 |  |  | $ | 11,677 |  |  | $ | 505 |  |  | $ | 14 |  |  | $ | 812,195 |  |  |  | 64.5 | %
Total |  |  | $ | 528,323 |  |  | $ | 548,904 |  |  | $ | 164,885 |  |  | $ | 16,840 |  |  | $ | 674 |  |  | $ | 23 |  |  | $ | 1,259,649 |  |  |  | 100.0 | %
|  |  | As of October 31, 2021 |
(Dollars in thousands) |  |  | Fiscal Year of Origination |  |  | Prior to |  |  |  |  |  |  |  |  |
Customer Rating |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | 2018 |  |  | Total |  |  | % |
1-2 |  |  | $ | 24,599 |  |  | $ | 21,147 |  |  | $ | 6,009 |  |  | $ | 342 |  |  | $ | 17 |  |  | $ | - |  |  | $ | 52,114 |  |  |  | 5.4 | %
3-4 |  |  | $ | 150,049 |  |  | $ | 141,371 |  |  | $ | 34,291 |  |  | $ | 2,361 |  |  | $ | 100 |  |  | $ | 32 |  |  | $ | 328,204 |  |  |  | 34.0 | %
5-6 |  |  | $ | 263,270 |  |  | $ | 255,285 |  |  | $ | 60,690 |  |  | $ | 6,343 |  |  | $ | 477 |  |  | $ | 42 |  |  | $ | 586,107 |  |  |  | 60.6 | %
Total |  |  | $ | 437,918 |  |  | $ | 417,803 |  |  | $ | 100,990 |  |  | $ | 9,046 |  |  | $ | 594 |  |  | $ | 74 |  |  | $ | 966,425 |  |  |  | 100.0 | %

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