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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:    
Net income $ 21,005 $ 69,408
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of deferred acquisition fees (20,565) (15,957)
Accretion of purchase discount on receivables measured at fair value (1,421) (4,144)
Amortization of discount on securitization trust debt 600 1,913
Amortization of discount on senior secured debt, related party 1,992 2,296
Accretion of premium on debt secured by receivables measured at fair value 2,726 4,579
Mark to fair value on debt secured by receivables at fair value (747) 7,113
Mark to fair value of receivables measured at fair value 595 (6,634)
Depreciation and amortization 437 543
Amortization of deferred financing costs 6,803 5,954
Provision for credit losses 76,869 33,495
Provision for contingent liabilities 7,841 0
Stock-based compensation expense 3,864 1,134
Interest income on residual assets 0 (410)
Gain on cancellation of debt (10,947) 0
Change in fair value of warrants 0 695
Changes in assets and liabilities:    
Accrued interest receivable (8,259) (3,979)
Other assets (2,183) 5,625
Deferred tax assets 16,425 (60,640)
Accounts payable and accrued expenses 4,337 (6,002)
Net cash provided by operating activities 99,372 34,989
Cash flows from investing activities:    
Purchases of finance receivables held for investment (764,087) (551,742)
Payments received on finance receivables held for investment 337,095 295,734
Payments on receivables portfolio at fair value 46,018 111,363
Proceeds received on residual interest in securitizations 3,970 0
Change in repossessions in inventory (4,246) (1,237)
Decreases (increases) in restricted cash and equivalents, net (27,839) 54,783
Purchase of furniture and equipment (477) (394)
Net cash used in investing activities (409,566) (91,493)
Cash flows from financing activities:    
Proceeds from issuance of securitization trust debt 778,000 558,500
Proceeds from issuance of subordinated renewable notes 1,276 4,957
Proceeds from issuance of senior secured debt, related party 5,284 0
Payments on subordinated renewable notes (5,415) (2,426)
Net repayments of warehouse lines of credit (12,279) (3,662)
Net proceeds from (repayments of) residual interest financing debt 5,323 (8,111)
Repayment of securitization trust debt (382,591) (350,981)
Repayment of debt secured by receivables measured at fair value (45,969) (121,413)
Repayment of senior secured debt, related party (18,852) (11,200)
Payment of financing costs (8,734) (7,059)
Purchase of common stock 0 (435)
Exercise of options and warrants 3,297 1,206
Net cash provided by financing activities 319,340 59,376
Increase in cash and cash equivalents 9,146 2,872
Cash and cash equivalents at beginning of period 12,966 10,094
Cash and cash equivalents at end of period 22,112 12,966
Cash paid during the period for:    
Interest 50,663 75,654
Income taxes 2,277 1,139
Non-cash financing activities:    
Pension benefit obligation, net (4,542) (2,898)
Derivative warrants reclassified from accounts payable to common stock $ 583 $ 1,307