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(9) Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2021
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 |
|  | March 31, |
|  |  | 2021 |  |  |  | 2020 |
|  |  | (In thousands) |
Balance at beginning of period |  | $ | 1,523,726 |  |  | $ | 1,444,038 |
Finance receivables at fair value acquired during period |  |  | 205,459 |  |  |  | 265,282 |
Payments received on finance receivables at fair value |  |  | (156,020 | ) |  |  | (109,558 | )
Net interest income accretion on fair value receivables |  |  | (35,025 | ) |  |  | (29,715 | )
Mark to fair value |  |  | (4,417 | ) |  |  | (10,350 | )
Balance at end of period |  | $ | 1,533,723 |  |  | $ | 1,559,697 |
Schedule of finance receivables to their contractual balances |
Schedule of finance receivables to their contractual balances |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2021 |  |  | December 31, 2020 |
|  | Contractual |  |  | Fair |  |  | Contractual |  |  | Fair |
|  | Balance |  |  | Value |  |  | Balance |  |  | Value |
|  | (In thousands) |
Finance receivables measured at fair value |  | $ | 1,698,110 |  |  | $ | 1,533,723 |  |  | $ | 1,668,076 |  |  | $ | 1,523,726 |
Schedule of level 3 fair value measurements |
Schedule of level 3 fair value measurements |  |  |  |  |  |  |  |  |  |  |
Financial Instrument | Fair Values as of |  |  |  | Inputs as of
|  | March 31, |  |  | December 31, |  |  |  | March 31, |  | December 31,
|  | 2021 |  |  | 2020 |  | Unobservable Inputs |  | 2021 |  | 2020
| (In thousands) |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |
Finance receivables measured at fair value | $ | 1,533,723 |  | $ | 1,523,726 |  | Discount rate |  | 11.0% - 11.3% |  | 10.4% - 11.1%
|  |  |  |  |  |  | Cumulative net losses |  | 15.4% - 18.4% |  | 15.3% - 18.4%
Schedule of delinquency status of finance receivables measured at fair value |
Schedule of delinquency status of finance receivables measured at fair value |  | March 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
|  | (In thousands) |
Delinquency Status |  |  |  |  |  |  |  |
Current |  | $ | 1,594,070 |  |  | $ | 1,505,486 |
31 - 60 days |  |  | 58,534 |  |  |  | 96,296 |
61 - 90 days |  |  | 20,114 |  |  |  | 36,436 |
91 + days |  |  | 5,378 |  |  |  | 9,607 |
Repo |  |  | 20,014 |  |  |  | 20,251 |
|  | $ | 1,698,110 |  |  | $ | 1,668,076 |
Schedule of estimated fair values of financial assets and liabilities |
Schedule of estimated fair values of financial assets and liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of March 31, 2021 |
Financial Instrument |  | (In thousands) |
|  | Carrying |  |  | Fair Value Measurements Using: |  |  |  |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 9,197 |  |  | $ | 9,197 |  |  | $ | – |  |  | $ | – |  |  | $ | 9,197 |
Restricted cash and equivalents |  |  | 159,404 |  |  |  | 159,404 |  |  |  | – |  |  |  | – |  |  |  | 159,404 |
Finance receivables, net |  |  | 337,612 |  |  |  | – |  |  |  | – |  |  |  | 348,892 |  |  |  | 348,892 |
Accrued interest receivable |  |  | 3,744 |  |  |  | – |  |  |  | – |  |  |  | 3,744 |  |  |  | 3,744 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warehouse lines of credit |  | $ | 71,097 |  |  | $ | – |  |  | $ | – |  |  | $ | 71,097 |  |  | $ | 71,097 |
Accrued interest payable |  |  | 4,740 |  |  |  | – |  |  |  | – |  |  |  | 4,740 |  |  |  | 4,740 |
Securitization trust debt |  |  | 1,791,583 |  |  |  | – |  |  |  | – |  |  |  | 1,813,370 |  |  |  | 1,813,370 |
Subordinated renewable notes |  |  | 23,740 |  |  |  | – |  |  |  | – |  |  |  | 23,740 |  |  |  | 23,740 |
|  | As of December 31, 2020 |
Financial Instrument |  | (In thousands) |
|  | Carrying |  |  | Fair Value Measurements Using: |  |  |  |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 13,466 |  |  | $ | 13,466 |  |  | $ | – |  |  | $ | – |  |  | $ | 13,466 |
Restricted cash and equivalents |  |  | 130,686 |  |  |  | 130,686 |  |  |  | – |  |  |  | – |  |  |  | 130,686 |
Finance receivables, net |  |  | 411,343 |  |  |  | – |  |  |  | – |  |  |  | 429,972 |  |  |  | 429,972 |
Accrued interest receivable |  |  | 5,017 |  |  |  | – |  |  |  | – |  |  |  | 5,017 |  |  |  | 5,017 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warehouse lines of credit |  | $ | 118,999 |  |  | $ | – |  |  | $ | – |  |  | $ | 118,999 |  |  | $ | 118,999 |
Accrued interest payable |  |  | 4,919 |  |  |  | – |  |  |  | – |  |  |  | 4,919 |  |  |  | 4,919 |
Securitization trust debt |  |  | 1,803,673 |  |  |  | – |  |  |  | – |  |  |  | 1,862,630 |  |  |  | 1,862,630 |
Subordinated renewable notes |  |  | 21,323 |  |  |  | – |  |  |  | – |  |  |  | 21,323 |  |  |  | 21,323 |

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