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v3.23.2

Note C - Finance Receivables, Net (Tables) | 12 Months Ended
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Apr. 30, 2023
Notes Tables |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
(In thousands) |  | April 30, 2023 |  |  | April 30, 2022 |
Gross contract amount |  | $ | 1,752,149 |  |  | $ | 1,378,803 |
Less unearned finance charges |  |  | (378,777 | ) |  |  | (277,306 | )
Principal balance |  |  | 1,373,372 |  |  |  | 1,101,497 |
Less allowance for credit losses |  |  | (299,608 | ) |  |  | (237,823 | )
Finance receivables, net |  | $ | 1,073,764 |  |  | $ | 863,674 |
Change In Finance Receivables Net [Table Text Block] |
|  | Years Ended April 30, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Balance at beginning of period |  | $ | 863,674 |  |  | $ | 632,270 |  |  | $ | 472,401 |
Finance receivable originations |  |  | 1,161,132 |  |  |  | 1,009,858 |  |  |  | 762,717 |
Finance receivable collections |  |  | (434,458 | ) |  |  | (417,796 | ) |  |  | (370,254 | )
Provision for credit losses |  |  | (352,860 | ) |  |  | (238,054 | ) |  |  | (153,835 | )
Losses on claims for accident protection plan |  |  | (25,107 | ) |  |  | (21,871 | ) |  |  | (18,954 | )
Inventory acquired in repossession and accident protection plan claims |  |  | (138,617 | ) |  |  | (100,734 | ) |  |  | (59,805 | )
Balance at end of period |  | $ | 1,073,764 |  |  | $ | 863,674 |  |  | $ | 632,270 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | Years Ended April 30, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Balance at beginning of period |  | $ | 237,823 |  |  | $ | 177,267 |  |  | $ | 148,781 |
Provision for credit losses |  |  | 352,860 |  |  |  | 238,054 |  |  |  | 153,835 |
Charge-offs, net of recovered collateral |  |  | (291,075 | ) |  |  | (177,498 | ) |  |  | (125,349 | )
Balance at end of period |  | $ | 299,608 |  |  | $ | 237,823 |  |  | $ | 177,267 |
Financing Receivable, Past Due [Table Text Block] |
(Dollars in thousands) |  | April 30, 2023 |  |  | April 30, 2022 |
|  | Principal |  |  | Percent of |  |  | Principal |  |  | Percent of |
|  | Balance |  |  | Portfolio |  |  | Balance |  |  | Portfolio |
Current |  | $ | 1,166,860 |  |  |  | 84.96 | % |  | $ | 958,808 |  |  |  | 87.05 | %
3 - 29 days past due |  |  | 156,943 |  |  |  | 11.43 | % |  |  | 109,873 |  |  |  | 9.97 | %
30 - 60 days past due |  |  | 37,214 |  |  |  | 2.71 | % |  |  | 22,477 |  |  |  | 2.04 | %
61 - 90 days past due |  |  | 8,407 |  |  |  | 0.61 | % |  |  | 7,360 |  |  |  | 0.67 | %
> 90 days past due |  |  | 3,948 |  |  |  | 0.29 | % |  |  | 2,979 |  |  |  | 0.27 | %
Total |  | $ | 1,373,372 |  |  |  | 100.00 | % |  | $ | 1,101,497 |  |  |  | 100.00 | %
Financing Receivable Credit Quality Indicators [Table Text Block] |
|  | Twelve Months Ended April 30, |
|  | 2023 |  |  | 2022 |
Average total collected per active customer per month |  | $ | 534 |  |  | $ | 513 |
Principal collected as a percent of average finance receivables |  |  | 34.7 | % |  |  | 43.5 | %
Average down-payment percentage |  |  | 5.4 | % |  |  | 6.4 | %
Average originating contract term (in months) |  |  | 42.9 |  |  |  | 40.2 |
|  | April 30, 2023 |  |  | April 30, 2022 |
Portfolio weighted average contract term, including modifications (in months) |  |  | 46.3 |  |  |  | 42.9 |
Schedule of Financing Receivable by Fiscal Year of Origination [Table Text Block] |
|  |  | Customer Score by Fiscal Year of Origination |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior to 2019 |  |  | Total |  |  | % |
1-2 |  |  | $ | 38,743 |  |  | $ | 12,983 |  |  | $ | 2,736 |  |  | $ | 329 |  |  | $ | 32 |  |  | $ | 6 |  |  | $ | 54,829 |  |  |  | 4.0 | %
3-4 |  |  |  | 294,972 |  |  |  | 105,101 |  |  |  | 24,982 |  |  |  | 1,698 |  |  |  | 243 |  |  |  | 137 |  |  |  | 427,133 |  |  |  | 31.1 | %
5-6 |  |  |  | 563,581 |  |  |  | 254,945 |  |  |  | 66,436 |  |  |  | 5,390 |  |  |  | 687 |  |  |  | 371 |  |  |  | 891,410 |  |  |  | 64.9 | %
Total |  |  | $ | 897,296 |  |  | $ | 373,029 |  |  | $ | 94,154 |  |  | $ | 7,417 |  |  | $ | 962 |  |  | $ | 514 |  |  | $ | 1,373,372 |  |  |  | 100.0 | %
|  |  | Customer Score by Fiscal Year of Origination |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | Prior to 2018 |  |  | Total |  |  | % |
1-2 |  |  | $ | 37,916 |  |  | $ | 11,493 |  |  | $ | 2,221 |  |  | $ | 77 |  |  | $ | - |  |  | $ | 2 |  |  | $ | 51,709 |  |  |  | 4.7 | %
3-4 |  |  |  | 260,298 |  |  |  | 84,118 |  |  |  | 13,537 |  |  |  | 587 |  |  |  | 14 |  |  |  | 15 |  |  |  | 358,569 |  |  |  | 32.5 | %
5-6 |  |  |  | 488,257 |  |  |  | 172,843 |  |  |  | 28,193 |  |  |  | 1,803 |  |  |  | 115 |  |  |  | 8 |  |  |  | 691,219 |  |  |  | 62.8 | %
Total |  |  | $ | 786,471 |  |  | $ | 268,454 |  |  | $ | 43,951 |  |  | $ | 2,467 |  |  | $ | 129 |  |  | $ | 25 |  |  | $ | 1,101,497 |  |  |  | 100.0 | %

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