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Note C - Finance Receivables, Net (Tables) | 6 Months Ended
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Oct. 31, 2023
Notes Tables |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
(In thousands) |  | October 31, 2023 |  |  | April 30, 2023 |
Gross contract amount |  | $ | 1,872,863 |  |  | $ | 1,752,149 |
Less: unearned finance charges |  |  | (409,465 | ) |  |  | (378,777 | )
Principal balance |  |  | 1,463,398 |  |  |  | 1,373,372 |
Less: estimated insurance receivables for APP claims |  |  | (7,237 | ) |  |  | (5,694 | )
Less: allowance for APP claims |  |  | (7,305 | ) |  |  | (5,310 | )
Less: allowance for credit losses |  |  | (344,330 | ) |  |  | (299,608 | )
Finance receivables, net |  |  | 1,104,526 |  |  |  | 1,062,760 |
Loan origination costs |  |  | 710 |  |  |  | 700 |
Finance receivables, net, including loan origination costs |  |  | 1,105,236 |  |  |  | 1,063,460 |
Change In Finance Receivables Net [Table Text Block] |
|  | Six Months Ended October 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Balance at beginning of period |  | $ | 1,062,760 |  |  | $ | 855,423 |
Finance receivable originations |  |  | 580,082 |  |  |  | 580,838 |
Finance receivable collections |  |  | (218,208 | ) |  |  | (206,358 | )
Provision for credit losses |  |  | (231,718 | ) |  |  | (165,068 | )
Losses on claims for accident protection plan |  |  | (15,173 | ) |  |  | (11,232 | )
Inventory acquired in repossession and accident protection plan claims |  |  | (73,217 | ) |  |  | (76,042 | )
Balance at end of period |  | $ | 1,104,526 |  |  | $ | 977,561 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | Six Months Ended October 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Balance at beginning of period |  | $ | 299,608 |  |  | $ | 237,823 |
Provision for credit losses |  |  | 231,718 |  |  |  | 165,068 |
Charge-offs |  |  | (255,685 | ) |  |  | (190,609 | )
Recovered collateral |  |  | 68,689 |  |  |  | 60,448 |
Balance at end of period |  | $ | 344,330 |  |  | $ | 272,730 |
Financing Receivable, Past Due [Table Text Block] |
(Dollars in thousands) |  | October 31, 2023 |  |  | April 30, 2023 |  |  | October 31, 2022 |
|  | Principal |  |  | Percent of |  |  | Principal |  |  | Percent of |  |  | Principal |  |  | Percent of |
|  | Balance |  |  | Portfolio |  |  | Balance |  |  | Portfolio |  |  | Balance |  |  | Portfolio |
Current |  | $ | 1,121,215 |  |  |  | 76.62 | % |  | $ | 1,166,860 |  |  |  | 84.96 | % |  | $ | 1,028,291 |  |  |  | 81.63 | %
3 - 29 days past due |  |  | 290,123 |  |  |  | 19.83 | % |  |  | 156,943 |  |  |  | 11.43 | % |  |  | 185,434 |  |  |  | 14.72 | %
30 - 60 days past due |  |  | 37,602 |  |  |  | 2.57 | % |  |  | 37,214 |  |  |  | 2.71 | % |  |  | 35,258 |  |  |  | 2.80 | %
61 - 90 days past due |  |  | 7,068 |  |  |  | 0.48 | % |  |  | 8,407 |  |  |  | 0.61 | % |  |  | 7,151 |  |  |  | 0.57 | %
> 90 days past due |  |  | 7,390 |  |  |  | 0.51 | % |  |  | 3,948 |  |  |  | 0.29 | % |  |  | 3,515 |  |  |  | 0.28 | %
Total |  | $ | 1,463,398 |  |  |  | 100.00 | % |  | $ | 1,373,372 |  |  |  | 100.00 | % |  | $ | 1,259,649 |  |  |  | 100.00 | %
Financing Receivable Credit Quality Indicators [Table Text Block] |
|  | Six Months Ended October 31, |
|  | 2023 |  |  | 2022 |
Average total collected per active customer per month |  | $ | 534 |  |  | $ | 515 |
Principal collected as a percent of average finance receivables |  |  | 15.2 | % |  |  | 17.4 | %
Average down-payment percentage |  |  | 4.9 | % |  |  | 5.2 | %
Average originating contract term (in months) |  |  | 44.1 |  |  |  | 42.7 |
|  | As of |
|  | October 31, 2023 |  |  | October 31, 2022 |
Portfolio weighted average contract term, including modifications (in months) |  |  | 47.3 |  |  |  | 44.8 |
Schedule of Financing Receivable by Fiscal Year of Origination [Table Text Block] |
(Dollars in thousands) |  |  | Fiscal Year of Origination |  |  | Prior to |  |  |  |  |  |  |  |  |
Customer Rating |  |  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2020 |  |  | Total |  |  | % |
1-2 |  |  | $ | 26,044 |  |  | $ | 23,346 |  |  | $ | 7,271 |  |  | $ | 1,127 |  |  | $ | 150 |  |  | $ | 13 |  |  | $ | 57,951 |  |  |  | 4.0 | %
3-4 |  |  | $ | 189,850 |  |  | $ | 190,995 |  |  | $ | 64,672 |  |  | $ | 11,479 |  |  | $ | 643 |  |  | $ | 246 |  |  | $ | 457,885 |  |  |  | 31.3 | %
5-6 |  |  | $ | 317,130 |  |  | $ | 411,515 |  |  | $ | 178,564 |  |  | $ | 37,177 |  |  | $ | 2,485 |  |  | $ | 691 |  |  | $ | 947,562 |  |  |  | 64.8 | %
Total |  |  | $ | 533,024 |  |  | $ | 625,856 |  |  | $ | 250,507 |  |  | $ | 49,783 |  |  | $ | 3,278 |  |  | $ | 950 |  |  | $ | 1,463,398 |  |  |  | 100.0 | %
Gross charge-offs |  |  | $ | 36,228 |  |  | $ | 153,765 |  |  | $ | 54,307 |  |  | $ | 10,301 |  |  | $ | 791 |  |  | $ | 293 |  |  | $ | 255,685 |  |  |  |  |
(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 | %

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