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v3.21.1

(1) Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2021
Accounting Policies [Abstract] |
Schedule of other income |
Schedule of other income |  |  |  |  |  |  |  |
|  | Three Months Ended |
|  | March 31, |
|  |  | 2021 |  |  |  | 2020 |
|  |  | (In thousands) |
Direct mail revenues |  | $ | 979 |  |  | $ | 1,183 |
Convenience fee revenue |  |  | 240 |  |  |  | 530 |
Recoveries on previously charged-off contracts |  |  | 15 |  |  |  | 25 |
Sales tax refunds |  |  | 171 |  |  |  | 202 |
Other |  |  | 31 |  |  |  | 41 |
Other income for the period |  | $ | 1,436 |  |  | $ | 1,981 |
Supplemental balance sheet information related to leases |
Supplemental balance sheet information related to leases |  |  |  |  |  |  |  |
|  | March 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
|  |  | (In thousands) |
Operating Leases |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 23,840 |  |  | $ | 23,735 |
Less: Accumulated amortization right-of-use assets |  |  | (14,257 | ) |  |  | (12,792 | )
Operating lease right-of-use assets, net |  | $ | 9,583 |  |  | $ | 10,943 |
|  |  | $ |  |  |  |  |
Operating lease liabilities |  | $ | (10,643 | ) |  | $ | (12,096 | )
|  |  | $ |  |  |  |  |
Finance Leases |  |  | $ |  |  |  |  |
Property and equipment, at cost |  | $ | 3,407 |  |  | $ | 3,407 |
Less: Accumulated depreciation |  |  | (1,507 | ) |  |  | (1,226 | )
Property and equipment, net |  | $ | 1,900 |  |  | $ | 2,181 |
|  |  | $ |  |  |  |  |
Finance lease liabilities |  | $ | (1,969 | ) |  | $ | (2,243 | )
|  |  | $ |  |  |  |  |
Weighted Average Discount Rate |  |  | $ |  |  |  |  |
Operating lease |  |  | 5.0% |  |  |  | 5.0% |
Finance lease |  |  | 6.5% |  |  |  | 6.5% |
Maturities of leases |
Maturities of leases |  |  |  |  |  |  |  |
Maturities of lease liabilities were as follows: |  |  | $ |  |  |  |  |
(In thousands) |  |  | Operating |  |  |  | Finance |
Year Ending December 31, |  |  | Lease |  |  |  | Lease |
2021 (excluding the three months ended March 31, 2021) |  | $ | 5,549 |  |  | $ | 921 |
2022 |  |  | 6,089 |  |  |  | 1,051 |
2023 |  |  | 1,421 |  |  |  | 84 |
2024 |  |  | 443 |  |  |  | 26 |
2025 |  |  | 305 |  |  |  | 9 |
Thereafter |  |  | 2 |  |  |  | – |
Total undiscounted lease payments |  |  | 13,809 |  |  |  | 2,091 |
Less amounts representing interest |  |  | (3,166 | ) |  |  | (122 | )
Lease Liability |  | $ | 10,643 |  |  | $ | 1,969 |
Lease information |
Lease information |  |  |  |  |  |  |  |
|  | Three Months Ended |
|  | March 31, |
|  |  | 2021 |  |  |  | 2020 |
|  |  | (In thousands) |
Operating lease cost |  | $ | 1,837 |  |  | $ | 1,885 |
Finance lease cost |  |  | 308 |  |  |  | 278 |
Total lease cost |  | $ | 2,145 |  |  | $ | 2,163 |
Supplemental cash flow information related to leases |
Supplemental cash flow information related to leases |  |  |  |  |  |  |  |
|  | Three Months Ended |
|  | March 31, |
|  |  | 2021 |  |  |  | 2020 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  | (In thousands) |
Operating cash flows from operating leases |  | $ | 1,930 |  |  | $ | 1,926 |
Operating cash flows from finance leases |  |  | 274 |  |  |  | 231 |
Financing cash flows from finance leases |  |  | 35 |  |  |  | 46 |
Share-based Payment Arrangement, Option, Activity [Table Text Block] |
|  | Number of Shares |  |  | Weighted Average Exercise |  |  | Weighted Average Remaining Contractual
|  | (in thousands) |  |  | Price |  |  | Term
Options outstanding at the beginning of period |  |  | 15,977 |  |  | $ | 4.46 |  |  | N/A
Granted |  |  | – |  |  |  | – |  |  | N/A
Exercised |  |  | (98 | ) |  |  | 3.05 |  |  | N/A
Forfeited |  |  | (45 | ) |  |  | 3.65 |  |  | N/A
Options outstanding at the end of period |  |  | 15,834 |  |  | $ | 4.47 |  |  | 2.58 years
Options exercisable at the end of period |  |  | 12,499 |  |  | $ | 4.82 |  |  | 1.87 years
Schedule of stock options outstanding and exercisable |
Schedule of stock options outstanding and exercisable |  | Number of shares as of |  |  | Number of shares as of |
|  | March 31, 2021 |  |  | December 31, 2020 |
|  |  | Outstanding |  |  |  | Exercisable |  |  |  | Outstanding |  |  |  | Exercisable |
Range of exercise prices: |  |  | (In thousands) |  |  |  | (In thousands) |
$0.95 - $1.99 |  |  | 1,878 |  |  |  | 1,878 |  |  |  | 1,904 |  |  |  | 1,904 |
$2.00 - $2.99 |  |  | 1,570 |  |  |  | 180 |  |  |  | 1,570 |  |  |  | 180 |
$3.00 - $3.99 |  |  | 4,863 |  |  |  | 3,234 |  |  |  | 4,973 |  |  |  | 3,306 |
$4.00 - $4.99 |  |  | 1,533 |  |  |  | 1,217 |  |  |  | 1,540 |  |  |  | 1,217 |
$5.00 - $5.99 |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
$6.00 - $6.99 |  |  | 4,770 |  |  |  | 4,770 |  |  |  | 4,770 |  |  |  | 4,770 |
$7.00 - $7.99 |  |  | 1,220 |  |  |  | 1,220 |  |  |  | 1,220 |  |  |  | 1,220 |
Total shares |  |  | 15,834 |  |  |  | 12,499 |  |  |  | 15,977 |  |  |  | 12,597 |
Schedule of purchases of company stock |
Schedule of purchases of company stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |
|  | March 31, 2021 |  |  | March 31, 2020 |
|  |  | Shares |  |  |  | Avg. Price |  |  |  | Shares |  |  |  | Avg. Price |
Open market purchases |  |  | 138,004 |  |  | $ | 4.18 |  |  |  | – |  |  | $ | – |
Shares redeemed upon net exercise of stock options |  |  | 40,727 |  |  |  | 4.36 |  |  |  | – |  |  |  | – |
Total stock purchases |  |  | 178,731 |  |  | $ | 4.22 |  |  |  | – |  |  | $ | – |

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