XML 36 R24.htm IDEA: XBRL DOCUMENT
v3.20.4

(3) Finance Receivables (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Finance Receivables |
Schedule of finance receivables |
Schedule of finance receivables |  |  |  |  |  |  |  |
|  | December 31, |
|  | 2020 |  |  | 2019 |
Finance receivables |  | (In thousands) |
Automobile finance receivables, net of unearned interest |  | $ | 491,307 |  |  | $ | 895,566 |
Unearned acquisition fees, discounts and deferred origination costs, net |  |  | 826 |  |  |  | 1,964 |
Finance receivables |  | $ | 492,133 |  |  | $ | 897,530 |
Schedule of amortized cost basis of finance receivables |
Schedule of amortized cost basis of finance receivables |  |  |  |  |  |  |  |
|  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Delinquency Status |  |  |  |  |  |  |  |
Current |  | $ | 406,693 |  |  | $ | 698,870 |
31 - 60 days |  |  | 56,572 |  |  |  | 107,951 |
61 - 90 days |  |  | 22,660 |  |  |  | 57,395 |
91 + days |  |  | 5,382 |  |  |  | 31,350 |
|  | $ | 491,307 |  |  | $ | 895,566 |
Schedule of amortized cost basis of finance receivables |
Schedule of amortized cost basis of finance receivables |  |  |  |  |  |  |  |
|  | December 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Annual Vintage Pool |  |  |  |  |  |  |  |
2012 and prior |  | $ | 608 |  |  | $ | 2,432 |
2013 |  |  | 4,483 |  |  |  | 15,489 |
2014 |  |  | 23,115 |  |  |  | 61,290 |
2015 |  |  | 78,457 |  |  |  | 162,242 |
2016 |  |  | 163,677 |  |  |  | 292,360 |
2017 |  |  | 220,967 |  |  |  | 361,753 |
|  | $ | 491,307 |  |  | $ | 895,566 |
Schedule of allowance for finance credit losses |
Schedule of allowance for finance credit losses |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (In thousands) |
Balance at beginning of year |  | $ | 11,640 |  |  | $ | 67,376 |  |  | $ | 109,187 |
Impact of adopting ASC 326 |  |  | 127,000 |  |  |  | n/a |  |  |  | n/a |
Provision for credit losses on finance receivables |  |  | 14,113 |  |  |  | 85,773 |  |  |  | 133,080 |
Charge-offs |  |  | (90,824 | ) |  |  | (184,449 | ) |  |  | (220,523 | )
Recoveries |  |  | 18,861 |  |  |  | 42,940 |  |  |  | 45,632 |
Balance at end of year |  | $ | 80,790 |  |  | $ | 11,640 |  |  | $ | 67,376 |
Schedule of allowance for losses on repossessed inventory |
Schedule of allowance for losses on repossessed inventory |  |  |  |  |  |  |  |
|  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (In thousands) |
Gross balance of repossessions in inventory |  | $ | 15,589 |  |  | $ | 28,933 |
Allowance for losses on repossessed inventory |  |  | (11,790 | ) |  |  | (21,389 | )
Net repossessed inventory included in other assets |  | $ | 3,799 |  |  | $ | 7,544 |

X
- References No definition available. + Details
Name: | cpss_AllowanceForLossesOnRepossessedInventoryTableTextBlock
Namespace Prefix: | cpss_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cpss_Disclosure3FinanceReceivablesAbstract
Namespace Prefix: | cpss_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cpss_ScheduleOfAmortizedCostBasisOfFinanceReceivablesTableTextBlock
Namespace Prefix: | cpss_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the annual minimum payments due from financing receivables, such as, but not limited to accounts, notes, loans, and other financing receivables. + References No definition available. + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesMinimumPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration