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3. Finance Receivables (Tables) | 12 Months Ended
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Dec. 31, 2019
Finance Receivables |
Schedule of finance receivables | The following table presents the components of finance receivables, net of unearned interest:
|  | December 31, |
|  | 2019 |  |  | 2018 |
|  | (In thousands) |
Finance receivables |  |  |
Automobile finance receivables, net of unearned interest |  | $ | 895,566 |  |  | $ | 1,518,395 |
Unearned acquisition fees, discounts and deferred origination costs, net |  |  | 1,964 |  |  |  | 3,690 |
Finance receivable |  | $ | 897,530 |  |  | $ | 1,522,085 |
Schedule of delinquency status of finance receivables | The following table summarizes the delinquency status of finance receivables as of December 31, 2019 and 2018:
|  | December 31, |
|  | 2019 |  |  | 2018 |
|  | (In thousands) |
Delinquency Status |  |  |  |  |  |  |  |
Current |  | $ | 698,870 |  |  | $ | 1,262,730 |
31 - 60 days |  |  | 107,951 |  |  |  | 157,688 |
61 - 90 days |  |  | 57,395 |  |  |  | 66,134 |
91 + days |  |  | 31,350 |  |  |  | 31,843 |
|  | $ | 895,566 |  |  | $ | 1,518,395 |
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, 2019, 2018 and 2017:
|  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  |  |  |  | (In thousands) |  |  |  |
Balance at beginning of year |  | $ | 67,376 |  |  | $ | 109,187 |  |  | $ | 95,578 |
Provision for credit losses |  |  | 85,773 |  |  |  | 133,080 |  |  |  | 186,713 |
Charge-offs |  |  | (184,449 | ) |  |  | (220,523 | ) |  |  | (211,948 | )
Recoveries |  |  | 42,940 |  |  |  | 45,632 |  |  |  | 38,844 |
Balance at end of year |  | $ | 11,640 |  |  | $ | 67,376 |  |  | $ | 109,187 |
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, |
|  | 2019 |  |  | 2018 |
|  | (In thousands) |
Gross balance of repossessions in inventory |  | $ | 28,933 |  |  | $ | 33,462 |
Allowance for losses on repossessed inventory |  |  | (21,389 | ) |  |  | (24,564 | )
Net repossessed inventory included in other assets |  | $ | 7,544 |  |  | $ | 8,898 |

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