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3. Finance Receivables (Tables)
 12 Months Ended
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