XML 32 R23.htm IDEA: XBRL DOCUMENT v3.23.3

Note C - Finance Receivables, Net (Tables)

6 Months Ended

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	%

X

- Definition

Tabular disclosure of the change in finance receivables over specified time period.

+ References

No definition available.

+ Details

Name:	crmt_ChangeInFinanceReceivablesNetTableTextBlock
Namespace Prefix:	crmt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The tabular disclosure of financing receivables by fiscal year of origination.

+ References

No definition available.

+ Details

Name:	crmt_ScheduleOfFinancingReceivableByFiscalYearOfOriginationTableTextBlock
Namespace Prefix:	crmt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-29

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-80

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration