XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

(5) Interest Income and Interest Expense | 9 Months Ended
--- | ---
Sep. 30, 2021
Interest Income (Expense), Net [Abstract] |
(5) Interest Income and Interest Expense | (5) Interest Income and Interest Expense The following table presents the components of interest income:
Schedule of interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (In thousands) |  |  | (In thousands) |
Interest on finance receivables |  | $ | 16,062 |  |  | $ | 29,753 |  |  | $ | 56,652 |  |  | $ | 101,333 |
Interest on finance receivables at fair value |  |  | 50,951 |  |  |  | 42,808 |  |  |  | 141,882 |  |  |  | 125,273 |
Mark to finance receivables measured at fair value |  |  | – |  |  |  | (3,152 | ) |  |  | (4,417 | ) |  |  | (23,051 | )
Other interest income |  |  | 5 |  |  |  | 21 |  |  |  | 17 |  |  |  | 665 |
Interest income |  | $ | 67,018 |  |  | $ | 69,430 |  |  | $ | 194,134 |  |  | $ | 204,220 |
The following table presents the components of interest expense:
Schedule of interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (In thousands) |  |  | (In thousands) |
Securitization trust debt |  | $ | 15,292 |  |  | $ | 21,605 |  |  | $ | 50,568 |  |  | $ | 67,770 |
Warehouse lines of credit |  |  | 929 |  |  |  | 1,856 |  |  |  | 3,264 |  |  |  | 6,294 |
Residual interest financing |  |  | 1,413 |  |  |  | 876 |  |  |  | 2,446 |  |  |  | 2,734 |
Subordinated renewable notes |  |  | 700 |  |  |  | 564 |  |  |  | 1,982 |  |  |  | 1,579 |
Interest expense |  | $ | 18,334 |  |  | $ | 24,901 |  |  | $ | 58,260 |  |  | $ | 78,377 |

X
- Definition The entire disclosure for interest income and interest expense for enterprises that derive a significant portion of their revenue from interest collected on investments, loans, and securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1-12) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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