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3. Finance Receivables (Tables)

12 Months Ended

Dec. 31, 2017

Finance Receivables

Schedule of finance receivables

The following table presents the components of finance receivables, net of unearned interest:

		December 31,
		2017				2016
Finance receivables			(In thousands)
Automobile finance receivables, net of unearned interest		$	2,298,608			$	2,266,619
Unearned acquisition fees, discounts and deferred origination costs, net			6,376				1,324
Finance receivables		$	2,304,984			$	2,267,943

Schedule of delinquency status of finance receivables

The following table summarizes the delinquency status of finance receivables as of December 31, 2017 and 2016:

		December 31,
		2017				2016
		(In thousands)
Delinquency Status
Current		$	2,069,617			$	2,053,759
31 - 60 days			138,395				116,073
61 - 90 days			63,081				52,404
91 + days			27,515				44,383
		$	2,298,608			$	2,266,619

Schedule of allowance for credit losses

The following table presents a summary of the activity for the allowance for finance credit losses, for the years ended December 31, 2017, 2016 and 2015:

		December 31,
		2017				2016				2015
						(In thousands)
Balance at beginning of year		$	95,578			$	75,603			$	61,460
Provision for credit losses			186,713				178,511				142,618
Charge-offs			(211,948	)			(192,366	)			(156,553	)
Recoveries			38,844				33,830				28,078
Balance at end of year		$	109,187			$	95,578			$	75,603

Schedule of allowance for losses on repossessed inventory

The following table presents a summary of such repossessed inventory together with the allowance for losses on repossessed inventory: 

		December 31,
		2017				2016
		(In thousands)
Gross balance of repossessions in inventory		$	33,679			$	40,069
Allowance for losses on repossessed inventory			(24,024	)			(28,924	)
Net repossessed inventory included in other assets		$	9,655			$	11,145

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- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524

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Tabular disclosure of impaired financing receivables.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5212-111524

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