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v3.20.2

(1) Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2020
Accounting Policies [Abstract] |
Schedule of other income |
Schedule of other income |  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  | (In thousands) |  |  | (In thousands) |
Direct mail revenues |  | $ | 760 |  |  | $ | 1,121 |  |  | $ | 2,444 |  |  | $ | 3,508 |
Convenience fee revenue |  |  | 280 |  |  |  | 600 |  |  |  | 1,340 |  |  |  | 1,870 |
Recoveries on previously charged-off contracts |  |  | 4 |  |  |  | 30 |  |  |  | 79 |  |  |  | 132 |
Sales tax refunds |  |  | 192 |  |  |  | 200 |  |  |  | 601 |  |  |  | 631 |
Other |  |  | 3 |  |  |  | 43 |  |  |  | 44 |  |  |  | 114 |
Other income for the period |  | $ | 1,239 |  |  | $ | 1,994 |  |  | $ | 4,508 |  |  | $ | 6,255 |
Supplemental balance sheet information related to leases |
Supplemental balance sheet information related to leases |  | September, |  |  | 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 |  |  | (11,280 | ) |  |  | (6,600 | )
Operating lease right-of-use assets, net |  | $ | 12,455 |  |  | $ | 17,135 |
Operating lease liabilities |  | $ | (13,698 | ) |  | $ | (18,527 | )
Finance Leases |  |  |  |  |  |  |  |
Property and equipment, at cost |  | $ | 3,352 |  |  | $ | 876 |
Less: Accumulated depreciation |  |  | (945 | ) |  |  | (150 | )
Property and equipment, net |  | $ | 2,407 |  |  | $ | 726 |
Finance lease liabilities |  | $ | (2,457 | ) |  | $ | (718 | )
Weighted Average Discount Rate |  |  |  |  |  |  |  |
Operating lease |  |  | 5.0 | % |  |  | 5.0 | %
Finance lease |  |  | 6.5 | % |  |  | 6.4 | %
Maturities of leases |
Maturities of leases |  |  |  |  |  |  |  |
(In thousands) |  | Operating |  |  | Finance |
Year Ending December 31, |  | Lease |  |  | Lease |
2020 (excluding the nine months ended September 30, 2020) |  | $ | 1,959 |  |  | $ | 305 |
2021 |  |  | 7,458 |  |  |  | 1,217 |
2022 |  |  | 6,066 |  |  |  | 1,038 |
2023 |  |  | 1,397 |  |  |  | 71 |
2024 |  |  | 419 |  |  |  | 14 |
Thereafter |  |  | 282 |  |  |  | – |
Total undiscounted lease payments |  |  | 17,581 |  |  |  | 2,645 |
Less amounts representing interest |  |  | (4,524 | ) |  |  | (188 | )
Lease Liability |  | $ | 13,698 |  |  | $ | 2,457 |
Lease information |
Lease information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  | (In thousands) |  |  | (In thousands) |
Operating lease cost |  | $ | 1,885 |  |  | $ | 1,884 |  |  | $ | 5,654 |  |  | $ | 5,659 |
Finance lease cost |  |  | 299 |  |  |  | 46 |  |  |  | 871 |  |  |  | 90 |
Total lease cost |  | $ | 2,184 |  |  | $ | 1,930 |  |  | $ | 6,525 |  |  | $ | 5,749 |
Supplemental cash flow information related to leases |
Supplemental cash flow information related to leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 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 |  | $ | 1,945 |  |  | $ | 1,901 |  |  | $ | 5,803 |  |  | $ | 5,678 |
Operating cash flows from finance leases |  |  | 256 |  |  |  | 37 |  |  |  | 737 |  |  |  | 73 |
Financing cash flows from finance leases |  |  | 42 |  |  |  | 9 |  |  |  | 133 |  |  |  | 17 |
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 |  |  | (269 | ) |  |  | 1.75 |  |  | N/A
Forfeited |  |  | (215 | ) |  |  | 5.55 |  |  | N/A
Options outstanding at the end of period |  |  | 16,464 |  |  | $ | 4.41 |  |  | 3.07 years
Options exercisable at the end of period |  |  | 12,816 |  |  | $ | 4.78 |  |  | 2.30 years
Schedule of purchases of company stock |
Schedule of purchases of company stock |  | Nine Months Ended |
|  | September 30, 2020 |  |  | September 30, 2019 |
|  | Shares |  |  | Avg. Price |  |  | Shares |  |  | Avg. Price |
Open market purchases |  |  | 44,247 |  |  | $ | 2.94 |  |  |  | 335,546 |  |  | $ | 3.95 |
Shares redeemed upon net exercise of stock options |  |  | 46,909 |  |  |  | 2.86 |  |  |  | 18,424 |  |  |  | 3.76 |
Other purchases |  |  | 200,000 |  |  |  | 3.51 |  |  |  | 24,500 |  |  |  | 4.20 |
Total stock purchases |  |  | 291,156 |  |  | $ | 3.32 |  |  |  | 378,470 |  |  | $ | 3.97 |

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