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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 25,713 $ 21,506
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of deferred acquisition fees (7,345) (12,793)
Accretion of purchase discount on receivables measured at fair value 0 (353)
Amortization of discount on securitization trust debt 53 106
Amortization of discount on senior secured debt, related party 0 623
Accretion of premium on debt secured by receivables measured at fair value 0 631
Mark to fair value on debt secured by receivables measured at fair value 0 339
Mark to fair value of receivables measured at fair value 0 (43)
Depreciation and amortization 471 339
Amortization of deferred financing costs 5,149 5,054
Provision for credit losses 106,533 76,795
Stock-based compensation expense 3,609 2,578
Interest income on residual assets (85) (320)
Changes in assets and liabilities:    
Accrued interest receivable (8,435) (2,930)
Deferred tax assets, net (1,326) 12,628
Other assets 6,501 (1,220)
Accounts payable and accrued expenses 7,199 (1,966)
Net cash provided by operating activities 138,037 100,974
Cash flows from investing activities:    
Purchases of finance receivables held for investment (791,335) (680,569)
Payments received on finance receivables held for investment 403,246 324,195
Payments received on receivables portfolio at fair value 1,529 11,670
Proceeds received on residual interest in securitizations 0 1,039
Change in repossessions held in inventory 289 (2,092)
Increases in restricted cash and cash equivalents, net (31,244) (42,350)
Purchase of furniture and equipment (1,029) (639)
Net cash used in investing activities (418,544) (388,746)
Cash flows from financing activities:    
Proceeds from issuance of securitization trust debt 795,000 655,500
Proceeds from issuance of subordinated renewable notes 1,153 406
Payments on subordinated renewable notes (1,194) (4,055)
Net proceeds from (repayments of) warehouse lines of credit (9,905) 49,990
Proceeds from (repayments of) residual interest financing debt (1,755) (6,329)
Repayment of securitization trust debt (489,971) (363,495)
Repayment of debt secured by receivables measured at fair value (1,250) (10,917)
Repayment of senior secured debt, related party 0 (39,182)
Payment of financing costs (7,199) (5,937)
Purchase of common stock (2,846) 0
Exercise of options and warrants 1,530 2,815
Net cash provided by financing activities 283,563 278,796
Increase (decrease) in cash and cash equivalents 3,056 (8,976)
Cash and cash equivalents at beginning of period 17,859 22,112
Cash and cash equivalents at end of period 20,915 13,136
Cash paid during the period for:    
Interest 33,915 32,864
Income taxes $ 13,690 $ 6,259