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(2) Finance Receivables (Tables) | 9 Months Ended
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Sep. 30, 2020
Finance Receivables |
Schedule of finance receivables |
Schedule of finance receivables |  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Finance receivables |  |  |
Automobile finance receivables, net of unearned interest |  | $ | 576,227 |  |  | $ | 895,566 |
Unearned acquisition fees and originations costs |  |  | 1,054 |  |  |  | 1,964 |
Finance receivables |  | $ | 577,281 |  |  | $ | 897,530 |
Schedule of amortized cost basis of finance receivables |
Schedule of amortized cost basis of finance receivables |  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Delinquency Status |  |  |  |  |  |  |  |
Current |  | $ | 490,096 |  |  | $ | 698,870 |
31 - 60 days |  |  | 57,463 |  |  |  | 107,951 |
61 - 90 days |  |  | 21,760 |  |  |  | 57,395 |
91 + days |  |  | 6,908 |  |  |  | 31,350 |
|  | $ | 576,227 |  |  | $ | 895,566 |
Schedule of amortized cost basis of finance receivables |
Schedule of amortized cost basis of finance receivables |  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Annual Vintage Pool |  | (In thousands) |
2012 and prior |  | $ | 851 |  |  | $ | 2,432 |
2013 |  |  | 6,212 |  |  |  | 15,489 |
2014 |  |  | 29,878 |  |  |  | 61,290 |
2015 |  |  | 95,522 |  |  |  | 162,242 |
2016 |  |  | 190,788 |  |  |  | 292,360 |
2017 |  |  | 252,976 |  |  |  | 361,753 |
|  | $ | 576,227 |  |  | $ | 895,566 |
Schedule of allowance for finance credit losses |
Schedule of allowance for finance credit losses |  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  | (In thousands) |  |  | (In thousands) |
Balance at beginning of period |  | $ | 98,602 |  |  | $ | 32,664 |  |  | $ | 11,640 |  |  | $ | 67,376 |
Early adoption of CECL |  |  | – |  |  |  | n/a |  |  |  | 127,000 |  |  |  | n/a |
Provision for credit losses on finance receivables |  |  | 7,400 |  |  |  | 19,874 |  |  |  | 14,113 |  |  |  | 64,319 |
Charge-offs |  |  | (15,574 | ) |  |  | (46,118 | ) |  |  | (73,096 | ) |  |  | (149,038 | )
Recoveries |  |  | 3,790 |  |  |  | 6,320 |  |  |  | 14,561 |  |  |  | 30,083 |
Balance at end of period |  | $ | 94,218 |  |  | $ | 12,740 |  |  | $ | 94,218 |  |  | $ | 12,740 |
Schedule of allowance for losses on repossessed inventory |
Schedule of allowance for losses on repossessed inventory |  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Gross balance of repossessions in inventory |  | $ | 17,005 |  |  | $ | 28,933 |
Allowance for losses on repossessed inventory |  |  | (12,896 | ) |  |  | (21,389 | )
Net repossessed inventory included in other assets |  | $ | 4,109 |  |  | $ | 7,544 |

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