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(9) Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 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 |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (In thousands) |  |  | (In thousands) |
Balance at beginning of period |  | $ | 1,582,175 |  |  | $ | 1,537,649 |  |  | $ | 1,523,726 |  |  | $ | 1,444,038 |
Finance receivables at fair value acquired during period |  |  | 310,340 |  |  |  | 173,209 |  |  |  | 795,457 |  |  |  | 572,938 |
Payments received on finance receivables at fair value |  |  | (191,458 | ) |  |  | (132,847 | ) |  |  | (546,897 | ) |  |  | (354,910 | )
Net interest income accretion on fair value receivables |  |  | (33,864 | ) |  |  | (33,904 | ) |  |  | (100,676 | ) |  |  | (98,060 | )
Mark to fair value |  |  | – |  |  |  | (3,152 | ) |  |  | (4,417 | ) |  |  | (23,051 | )
Balance at end of period |  | $ | 1,667,193 |  |  | $ | 1,540,955 |  |  | $ | 1,667,193 |  |  | $ | 1,540,955 |
Schedule of finance receivables to their contractual balances |
Schedule of finance receivables to their contractual balances |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | September 30, 2021 |  |  | December 31, 2020 |
|  | Contractual |  |  | Fair |  |  | Contractual |  |  | Fair |
|  | Balance |  |  | Value |  |  | Balance |  |  | Value |
|  | (In thousands) |
Finance receivables measured at fair value |  | $ | 1,874,111 |  |  | $ | 1,667,193 |  |  | $ | 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
|  | September 30, |  |  | December 31, |  |  |  |  | September 30, |  | December 31,
|  | 2021 |  |  | 2020 |  |  | Unobservable Inputs |  | 2021 |  | 2020
|  | (In thousands) |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Finance receivables measured at fair value |  | $ | 1,667,193 |  |  | $ | 1,523,726 |  |  | Discount rate |  | 10.9% - 11.3% |  | 10.4% - 11.1%
|  |  |  |  |  |  |  |  |  | Cumulative net losse |  | 10.3% - 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 |  |  |  |  |  |  |  |
|  | June 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
|  | (In thousands) |
Delinquency Status |  |  |  |  |  |
Current |  | $ | 1,722,619 |  |  | $ | 1,505,486 |
31 - 60 days |  |  | 93,723 |  |  |  | 96,296 |
61 - 90 days |  |  | 31,221 |  |  |  | 36,436 |
91 + days |  |  | 9,445 |  |  |  | 9,607 |
Repo |  |  | 17,103 |  |  |  | 20,251 |
|  | $ | 1,874,111 |  |  | $ | 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 September 30, 2021 |
Financial Instrument |  | (In thousands) |
|  | Carrying |  |  | Fair Value Measurements Using: |  |  |  |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 28,799 |  |  | $ | 28,799 |  |  | $ | – |  |  | $ | – |  |  | $ | 28,799 |
Restricted cash and equivalents |  |  | 144,966 |  |  |  | 144,966 |  |  |  | – |  |  |  | – |  |  |  | 144,966 |
Finance receivables, net |  |  | 213,916 |  |  |  | – |  |  |  | – |  |  |  | 219,530 |  |  |  | 219,530 |
Accrued interest receivable |  |  | 2,930 |  |  |  | – |  |  |  | – |  |  |  | 2,930 |  |  |  | 2,930 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warehouse lines of credit |  | $ | 97,768 |  |  | $ | – |  |  | $ | – |  |  | $ | 97,768 |  |  | $ | 97,768 |
Accrued interest payable |  |  | 3,888 |  |  |  | – |  |  |  | – |  |  |  | 3,888 |  |  |  | 3,888 |
Securitization trust debt |  |  | 1,703,465 |  |  |  | – |  |  |  | – |  |  |  | 1,445,461 |  |  |  | 1,445,461 |
Subordinated renewable notes |  |  | 27,462 |  |  |  | – |  |  |  | – |  |  |  | 27,462 |  |  |  | 27,462 |
|  | 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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