XML 29 R19.htm IDEA: XBRL DOCUMENT v3.21.2

(1) Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

Schedule of other income

Schedule of other income
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2021				2020				2021				2020
		(In thousands)								(In thousands)
Direct mail revenues		$	779			$	760			$	2,648			$	2,444
Convenience fee revenue			120				280				540				1,340
Recoveries on previously charged-off contracts			18				4				78				79
Sales tax refunds			134				192				423				601
Other			496				3				623				44
Other income for the period		$	1,547			$	1,239			$	4,312			$	4,508

Supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases
		September 30,				December 31,
		2021				2020
		(In thousands)
Operating Leases
Operating lease right-of-use assets		$	25,820			$	23,735
Less: Accumulated amortization right-of-use assets			(16,238	)			(12,792	)
Operating lease right-of-use assets, net		$	9,582			$	10,943
Operating lease liabilities		$	(10,471	)		$	(12,096	)
Finance Leases
Property and equipment, at cost		$	3,407			$	3,407
Less: Accumulated depreciation			(2,069	)			(1,226	)
Property and equipment, net		$	1,338			$	2,181
Finance lease liabilities		$	(1,408	)		$	(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 nine months ended September 30, 2021)		$	1,811			$	305
2022			6,433				1,050
2023			1,888				84
2024			921				26
2025			794				9
Thereafter			1,661				–
Total undiscounted lease payments			13,508				1,474
Less amounts representing interest			(3,037	)			(66	)
Lease Liability		$	10,471			$	1,408

Lease information

Lease information
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2021				2020				2021				2020
		(In thousands)								(In thousands)
Operating lease cost		$	1,768			$	1,885			$	5,398			$	5,654
Finance lease cost			308				299				924				871
Total lease cost		$	2,076			$	2,184			$	6,322			$	6,525

Supplemental cash flow information related to leases

Supplemental cash flow information related to leases
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2021				2020				2021				2020
Cash paid for amounts included in the measurement of lease liabilities:		(In thousands)								(In thousands)
Operating cash flows from operating leases		$	1,840			$	1,945			$	5,662			$	5,803
Operating cash flows from finance leases			283				256				834				737
Financing cash flows from finance leases			25				42				90				133

Share-based Payment Arrangement, Option, Activity

Share-based Payment Arrangement, Option, Activity
										Weighted
		Number of				Weighted				Average
		Shares				Average				Remaining
		(in thousands)				Exercise Price				Contractual Term
Options outstanding at the beginning of period			15,977			$	4.46			N/A
Granted			1,460				4.95			N/A
Exercised			(1,055	)			2.06			N/A
Forfeited			(2,071	)			6.31			N/A
Options outstanding at the end of period			14,311			$	4.42			2.89 years
Options exercisable at the end of period			10,916			$	4.61			1.97 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
		September 30, 2021								December 31, 2020
		Outstanding				Exercisable				Outstanding				Exercisable
Range of exercise prices:		(In thousands)								(In thousands)
$0.95 - $1.99			1,257				1,257				1,904				1,904
$2.00 - $2.99			1,525				497				1,570				180
$3.00 - $3.99			4,479				3,572				4,973				3,306
$4.00 - $4.99			2,925				1,465				1,540				1,217
$5.00 - $5.99			–				–				–				–
$6.00 - $6.99			2,935				2,935				4,770				4,770
$7.00 - $7.99			1,190				1,190				1,220				1,220
Total shares			14,311				10,916				15,977				12,597

Schedule of purchases of company stock

Schedule of purchases of company stock
		Nine Months Ended
		September 30, 2021								September 30, 2020
		Shares				Avg. Price				Shares				Avg. Price
Open market purchases			734,700			$	5.03				44,247			$	2.94
Shares redeemed upon net exercise of stock options			56,983				4.47				46,909				2.86
Other purchases			–				–				200,000				3.51
Total stock purchases			791,683			$	4.99				291,156			$	3.32

X

- References

No definition available.

+ Details

Name:	cpss_OtherIncomeTableTextBlock
Namespace Prefix:	cpss_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	cpss_SupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock
Namespace Prefix:	cpss_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

+ Details

Name:	us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration