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v3.20.2

(1) Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2020
Accounting Policies [Abstract] |
Schedule of other income |
Schedule of other income |  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  | (In thousands) |  |  | (In thousands) |
Direct mail revenues |  | $ | 501 |  |  | $ | 1,051 |  |  | $ | 1,684 |  |  | $ | 2,387 |
Convenience fee revenue |  |  | 530 |  |  |  | 570 |  |  |  | 1,060 |  |  |  | 1,270 |
Recoveries on previously charged-off contracts |  |  | 50 |  |  |  | 45 |  |  |  | 75 |  |  |  | 102 |
Sales tax refunds |  |  | 208 |  |  |  | 204 |  |  |  | 409 |  |  |  | 431 |
Other |  |  | – |  |  |  | 6 |  |  |  | 41 |  |  |  | 71 |
Other income for the period |  | $ | 1,289 |  |  | $ | 1,876 |  |  | $ | 3,269 |  |  | $ | 4,261 |
Supplemental balance sheet information related to leases |
Supplemental balance sheet information related to leases |  | June 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Operating Leases |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 23,735 |  |  | $ | 23,735 |
Less: Accumulated amortization right-of-use assets |  |  | (9,729 | ) |  |  | (6,600 | )
Operating lease right-of-use assets, net |  | $ | 14,006 |  |  | $ | 17,135 |
Operating lease liabilities |  | $ | (15,308 | ) |  | $ | (18,527 | )
Finance Leases |  |  |  |  |  |  |  |
Property and equipment, at cost |  | $ | 3,224 |  |  | $ | 876 |
Less: Accumulated depreciation |  |  | (672 | ) |  |  | (150 | )
Property and equipment, net |  | $ | 2,552 |  |  | $ | 726 |
Finance lease liabilities |  | $ | (2,586 | ) |  | $ | (718 | )
Weighted Average Discount Rate |  |  |  |  |  |  |  |
Operating lease |  |  | 5.0 | % |  |  | 5.0 | %
Finance lease |  |  | 6.6 | % |  |  | 6.4 | %
Maturities of leases |
Maturities of leases |  |  |  |  |  |  |  |
(In thousands) |  | Operating |  |  | Finance |
Year Ending December 31, |  | Lease |  |  | Lease |
2020 (excluding the six months ended June 30, 2020) |  | $ | 3,903 |  |  | $ | 587 |
2021 |  |  | 7,458 |  |  |  | 1,170 |
2022 |  |  | 6,066 |  |  |  | 992 |
2023 |  |  | 1,397 |  |  |  | 42 |
2024 |  |  | 419 |  |  |  | 14 |
Thereafter |  |  | 282 |  |  |  | – |
Total undiscounted lease payments |  |  | 19,525 |  |  |  | 2,805 |
Less amounts representing interest |  |  | (4,524 | ) |  |  | (219 | )
Lease Liability |  | $ | 15,308 |  |  | $ | 2,586 |
Lease information |
Lease information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  | (In thousands) |  |  | (In thousands) |
Operating lease cost |  | $ | 1,885 |  |  | $ | 1,886 |  |  | $ | 3,769 |  |  | $ | 3,775 |
Finance lease cost |  |  | 293 |  |  |  | 44 |  |  |  | 572 |  |  |  | 44 |
Total lease cost |  | $ | 2,178 |  |  | $ | 1,930 |  |  | $ | 4,341 |  |  | $ | 3,819 |
Supplemental cash flow information related to leases |
Supplemental cash flow information related to leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  | (In thousands) |  |  | (In thousands) |
Operating cash flows from operating leases |  | $ | 1,932 |  |  | $ | 1,890 |  |  | $ | 3,858 |  |  | $ | 3,776 |
Operating cash flows from finance leases |  |  | 248 |  |  |  | 36 |  |  |  | 481 |  |  |  | 36 |
Financing cash flows from finance leases |  |  | 45 |  |  |  | 8 |  |  |  | 91 |  |  |  | 8 |
Schedule of stock option activity |
Schedule of stock option activity |  | Number of Shares (in thousands) |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term |
Options outstanding at the beginning of period |  |  | 15,348 |  |  | $ | 4.59 |  |  |  | N/A |
Granted |  |  | 1,600 |  |  |  | 2.47 |  |  |  | N/A |
Exercised |  |  | (256 | ) |  |  | 1.76 |  |  |  | N/A |
Forfeited |  |  | (164 | ) |  |  | 5.48 |  |  |  | N/A |
Options outstanding at the end of period |  |  | 16,528 |  |  | $ | 4.42 |  |  |  | 3.31 years |
Options exercisable at the end of period |  |  | 12,535 |  |  | $ | 4.81 |  |  |  | 2.45 years |
Schedule of purchases of company stock |
Schedule of purchases of company stock |  | Six Months Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |
|  | Shares |  |  | Avg. Price |  |  | Shares |  |  | Avg. Price |
Open market purchases |  |  | 25,113 |  |  | $ | 2.85 |  |  |  | 335,546 |  |  | $ | 3.95 |
Shares redeemed upon net exercise of stock options |  |  | 46,909 |  |  |  | 2.86 |  |  |  | 18,424 |  |  |  | 3.76 |
Other purchases |  |  | – |  |  |  | – |  |  |  | 24,500 |  |  |  | 4.20 |
Total stock purchases |  |  | 72,022 |  |  | $ | 2.85 |  |  |  | 378,470 |  |  | $ | 3.97 |

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