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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 5,377 $ 9,510
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of deferred acquisition fees and origination costs 1,374 2,119
Net interest income accretion on fair value receivables 64,131 13,010
Depreciation and amortization 789 746
Amortization of deferred financing costs 6,226 6,430
Mark to fair value of finance receivables measured at fair value (604) 0
Provision for credit losses 64,319 107,997
Stock-based compensation expense 1,496 2,816
Changes in assets and liabilities:    
Accrued interest receivable 19,240 10,521
Deferred tax assets, net 3,063 3,760
Other assets 2,708 (2,892)
Accounts payable and accrued expenses 1,870 4,609
Net cash provided by operating activities 169,989 158,626
Cash flows from investing activities:    
Payments received on finance receivables held for investment 379,365 470,312
Purchases of finance receivables measured at fair value (756,555) (659,641)
Payments received on finance receivables at fair value 200,889 31,824
Change in repossessions held in inventory (733) 624
Purchase of furniture and equipment (654) (795)
Net cash used in investing activities (177,688) (157,676)
Cash flows from financing activities:    
Proceeds from issuance of securitization trust debt 726,188 622,098
Proceeds from issuance of subordinated renewable notes 1,452 2,226
Payments on subordinated renewable notes (3,213) (1,844)
Net advances of warehouse lines of credit 20,914 15,005
Net advances of residual interest financing debt 0 40,000
Repayment of securitization trust debt (723,205) (671,700)
Payment of financing costs (6,099) (6,467)
Purchase of common stock (1,440) (4,437)
Exercise of options and warrants 347 483
Net cash provided by (used in) financing activities 14,944 (4,636)
Increase in cash and cash equivalents 7,245 (3,686)
Cash and restricted cash at beginning of period 130,110 124,696
Cash and restricted cash at end of period 137,355 121,010
Supplemental disclosure of cash flow information:    
Interest 76,269 68,042
Income taxes (3,231) 7,256
Non-cash financing activities:    
Right-of-use asset, net (21,869) 0
Lease liability 23,327 0
Deferred office rent $ (1,458) $ 0