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(9) Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2020
Fair Value Disclosures [Abstract] |
Schedule of reconciliation of the finance receivables measured at fair value on a recurring basis |
Schedule of reconciliation of the finance receivables measured at fair value on a recurring basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  | (In thousands) |  |  | (In thousands) |
Balance at beginning of period |  | $ | 1,559,697 |  |  | $ | 997,552 |  |  | $ | 1,444,038 |  |  | $ | 821,066 |
Finance receivables at fair value acquired during period |  |  | 134,447 |  |  |  | 249,873 |  |  |  | 399,729 |  |  |  | 494,626 |
Payments received on finance receivables at fair value |  |  | (112,505 | ) |  |  | (68,005 | ) |  |  | (222,063 | ) |  |  | (117,505 | )
Net interest income accretion on fair value receivables |  |  | (34,441 | ) |  |  | (21,055 | ) |  |  | (64,156 | ) |  |  | (39,822 | )
Mark to fair value |  |  | (9,549 | ) |  |  | – |  |  |  | (19,899 | ) |  |  | – |
Balance at end of period |  | $ | 1,537,649 |  |  | $ | 1,158,365 |  |  | $ | 1,537,649 |  |  | $ | 1,158,365 |
Schedule of finance receivables to their contractual balances |
Schedule of finance receivables to their contractual balances |  | June 30, 2020 |  |  | December 31, 2019 |
|  | Contractual |  |  | Fair |  |  | Contractual |  |  | Fair |
|  | Balance |  |  | Value |  |  | Balance |  |  | Value |
|  | (In thousands) |
Finance receivables measured at fair value |  | $ | 1,631,731 |  |  | $ | 1,537,649 |  |  | $ | 1,492,803 |  |  | $ | 1,444,038 |
Schedule of level 3 fair value measurements |
Schedule of level 3 fair value measurements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Instrument |  | Fair Values as of |  |  |  |  | Inputs as of |
|  | June 30, |  |  | December 31, |  |  |  |  | June 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |  |  | Unobservable Inputs |  | 2020 |  |  | 2019 |
|  |  | (In thousands) |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance receivables measured at fair value |  | $ | 1,537,649 |  |  | $ | 1,444,038 |  |  | Discount rate |  |  | 10.0% - 11.1% |  |  |  | 8.9% - 11.1% |
|  |  |  |  |  |  |  |  |  | Cumulative net losses |  |  | 15.3% - 18.4% |  |  |  | 15.0% - 16.1% |
Schedule of delinquency status of finance receivables measured at fair value |
Schedule of delinquency status of finance receivables measured at fair value |  | June 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Delinquency Status |  |  |  |  |  |  |  |
Current |  | $ | 1,523,495 |  |  | $ | 1,344,883 |
31 - 60 days |  |  | 62,675 |  |  |  | 81,262 |
61 - 90 days |  |  | 22,246 |  |  |  | 34,280 |
91 + days |  |  | 8,127 |  |  |  | 15,167 |
Repo |  |  | 15,188 |  |  |  | 17,211 |
|  | $ | 1,631,731 |  |  | $ | 1,492,803 |
Schedule of estimated fair values of financial assets and liabilities |
Schedule of estimated fair values of financial assets and liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of June 30, 2020 |
Financial Instrument |  | (In thousands) |
|  | Carrying |  |  | Fair Value Measurements Using: |  |  |  |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 7,475 |  |  | $ | 7,475 |  |  | $ | – |  |  | $ | – |  |  | $ | 7,475 |
Restricted cash and equivalents |  |  | 139,191 |  |  |  | 139,191 |  |  |  | – |  |  |  | – |  |  |  | 139,191 |
Finance receivables, net |  |  | 571,170 |  |  |  | – |  |  |  | – |  |  |  | 526,888 |  |  |  | 526,888 |
Accrued interest receivable |  |  | 7,229 |  |  |  | – |  |  |  | – |  |  |  | 7,229 |  |  |  | 7,229 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warehouse lines of credit |  | $ | 56,668 |  |  | $ | – |  |  | $ | – |  |  | $ | 56,668 |  |  | $ | 56,668 |
Accrued interest payable |  |  | 5,231 |  |  |  | – |  |  |  | – |  |  |  | 5,231 |  |  |  | 5,231 |
Residual interest financing |  |  | 37,544 |  |  |  | – |  |  |  | – |  |  |  | 37,544 |  |  |  | 37,544 |
Securitization trust debt |  |  | 2,051,172 |  |  |  | – |  |  |  | – |  |  |  | 2,034,363 |  |  |  | 2,034,363 |
Subordinated renewable notes |  |  | 19,580 |  |  |  | – |  |  |  | – |  |  |  | 19,580 |  |  |  | 19,580 |
|  | As of December 31, 2019 |
Financial Instrument |  | (In thousands) |
|  | Carrying |  |  | Fair Value Measurements Using: |  |  |  |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5,295 |  |  | $ | 5,295 |  |  | $ | – |  |  | $ | – |  |  | $ | 5,295 |
Restricted cash and equivalents |  |  | 135,537 |  |  |  | 135,537 |  |  |  | – |  |  |  | – |  |  |  | 135,537 |
Finance receivables, net |  |  | 885,890 |  |  |  | – |  |  |  | – |  |  |  | 841,160 |  |  |  | 841,160 |
Accrued interest receivable |  |  | 11,645 |  |  |  | – |  |  |  | – |  |  |  | 11,645 |  |  |  | 11,645 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warehouse lines of credit |  | $ | 134,791 |  |  | $ | – |  |  | $ | – |  |  | $ | 134,791 |  |  | $ | 134,791 |
Accrued interest payable |  |  | 5,254 |  |  |  | – |  |  |  | – |  |  |  | 5,254 |  |  |  | 5,254 |
Residual interest financing |  |  | 39,478 |  |  |  | – |  |  |  | – |  |  |  | 39,478 |  |  |  | 39,478 |
Securitization trust debt |  |  | 2,097,728 |  |  |  | – |  |  |  | – |  |  |  | 2,116,520 |  |  |  | 2,116,520 |
Subordinated renewable notes |  |  | 17,534 |  |  |  | – |  |  |  | – |  |  |  | 17,534 |  |  |  | 17,534 |

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