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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 3,539 $ 6,312
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of deferred acquisition fees and origination costs 952 1,444
Net interest income accretion on fair value receivables 39,822 4,743
Depreciation and amortization 513 490
Amortization of deferred financing costs 4,127 4,313
Provision for credit losses 44,445 76,038
Stock-based compensation expense 1,119 2,153
Changes in assets and liabilities:    
Accrued interest receivable 15,575 9,236
Deferred tax assets, net 2,069 1,016
Other assets (1,324) (3,048)
Accounts payable and accrued expenses 1,581 (1,402)
Net cash provided by operating activities 112,418 101,295
Cash flows from investing activities:    
Payments received on finance receivables held for investment 261,723 325,161
Purchases of finance receivables measured at fair value (494,626) (430,611)
Payments received on finance receivables at fair value 117,505 12,973
Change in repossessions held in inventory 425 45
Purchase of furniture and equipment (404) (637)
Net cash used in investing activities (115,377) (93,069)
Cash flows from financing activities:    
Proceeds from issuance of securitization trust debt 482,675 391,823
Proceeds from issuance of subordinated renewable notes 1,613 407
Payments on subordinated renewable notes (4,535) (1,142)
Net advances of warehouse lines of credit 2,677 24,766
Net advances of residual interest financing debt 0 40,000
Repayment of securitization trust debt (468,874) (444,818)
Payment of financing costs (4,383) (3,803)
Purchase of common stock (1,440) (3,260)
Exercise of options and warrants 347 480
Net cash provided by (used in) financing activities 8,080 4,453
Increase in cash and cash equivalents 5,121 12,679
Cash and restricted cash at beginning of period 130,110 124,696
Cash and restricted cash at end of period 135,231 137,375
Supplemental disclosure of cash flow information:    
Interest 50,417 44,534
Income taxes (3,227) 7,258
Non-cash financing activities:    
Right-of-use asset, net (20,687) 0
Lease liability 22,145 0
Deferred office rent $ (1,458) $ 0