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(9) Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2022
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 |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (In thousands) |  |  | (In thousands) |
Balance at beginning of period |  | $ | 1,903,857 |  |  | $ | 1,533,723 |  |  | $ | 1,749,098 |  |  | $ | 1,523,726 |
Finance receivables at fair value acquired during period |  |  | 511,068 |  |  |  | 279,658 |  |  |  | 904,475 |  |  |  | 485,117 |
Payments received on finance receivables at fair value |  |  | (215,930 | ) |  |  | (199,419 | ) |  |  | (425,774 | ) |  |  | (355,439 | )
Net interest income accretion on fair value receivables |  |  | (29,562 | ) |  |  | (31,787 | ) |  |  | (60,766 | ) |  |  | (66,812 | )
Mark to fair value |  |  | 4,700 |  |  |  | – |  |  |  | 7,100 |  |  |  | (4,417 | )
Balance at end of period |  | $ | 2,174,133 |  |  | $ | 1,582,175 |  |  | $ | 2,174,133 |  |  | $ | 1,582,175 |
Finance receivables fair and contractual balances |
Finance receivables fair and contractual balances |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | June 30, 2022 |  |  | December 31, 2021 |
|  | Contractual |  |  | Fair |  |  | Contractual |  |  | Fair |
|  | Balance |  |  | Value |  |  | Balance |  |  | Value |
|  | (In thousands) |
Finance receivables measured at fair value |  | $ | 2,402,830 |  |  | $ | 2,174,133 |  |  | $ | 1,972,699 |  |  | $ | 1,749,098 |
Schedule of level 3 fair value measurements |
Schedule of level 3 fair value measurements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Instrument |  | Fair Values as of |  |  |  |  | Inputs as of |
|  | June 30, |  |  | December 31, |  |  |  |  | June 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |  |  | Unobservable Inputs |  | 2022 |  |  | 2021 |
|  |  | (In thousands) |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance receivables measured at fair value |  | $ | 2,174,133 |  |  | $ | 1,749,098 |  |  | Discount rate |  |  | 9.9% - 11.3% |  |  |  | 10.6% - 11.3% |
|  |  |  |  |  |  |  |  |  | Cumulative net losses |  |  | 10.0% - 18.4% |  |  |  | 10.0% - 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, |
|  | 2022 |  |  | 2021 |
|  | (In thousands) |
Delinquency Status |  |  |  |  |  |  |  |
Current |  | $ | 2,191,162 |  |  | $ | 1,787,641 |
31 - 60 days |  |  | 127,654 |  |  |  | 115,924 |
61 - 90 days |  |  | 45,258 |  |  |  | 38,999 |
91 + days |  |  | 14,820 |  |  |  | 11,564 |
Repo |  |  | 23,936 |  |  |  | 18,571 |
|  | $ | 2,402,830 |  |  | $ | 1,972,699 |
Schedule of estimated fair values of financial assets and liabilities |
Schedule of estimated fair values of financial assets and liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of June 30, 2022 |
Financial Instrument |  | (In thousands) |
|  | Carrying |  |  | Fair Value Measurements Using: |  |  |  |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 11,348 |  |  | $ | 11,348 |  |  | $ | – |  |  | $ | – |  |  | $ | 11,348 |
Restricted cash and equivalents |  |  | 157,021 |  |  |  | 157,021 |  |  |  | – |  |  |  | – |  |  |  | 157,021 |
Finance receivables, net |  |  | 113,338 |  |  |  | – |  |  |  | – |  |  |  | 101,305 |  |  |  | 101,305 |
Accrued interest receivable |  |  | 1,383 |  |  |  | – |  |  |  | – |  |  |  | 1,383 |  |  |  | 1,383 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warehouse lines of credit |  | $ | 228,906 |  |  | $ | – |  |  | $ | – |  |  | $ | 228,906 |  |  | $ | 228,906 |
Accrued interest payable |  |  | 4,302 |  |  |  | – |  |  |  | – |  |  |  | 4,302 |  |  |  | 4,302 |
Securitization trust debt |  |  | 1,934,156 |  |  |  | – |  |  |  | – |  |  |  | 1,829,109 |  |  |  | 1,829,109 |
Subordinated renewable notes |  |  | 27,208 |  |  |  | – |  |  |  | – |  |  |  | 27,208 |  |  |  | 27,208 |
|  | As of December 31, 2021 |
Financial Instrument |  | (In thousands) |
|  | Carrying |  |  | Fair Value Measurements Using: |  |  |  |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 29,928 |  |  | $ | 29,928 |  |  | $ | – |  |  | $ | – |  |  | $ | 29,928 |
Restricted cash and equivalents |  |  | 146,620 |  |  |  | 146,620 |  |  |  | – |  |  |  | – |  |  |  | 146,620 |
Finance receivables, net |  |  | 176,184 |  |  |  | – |  |  |  | – |  |  |  | 178,795 |  |  |  | 178,795 |
Accrued interest receivable |  |  | 2,269 |  |  |  | – |  |  |  | – |  |  |  | 2,269 |  |  |  | 2,269 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warehouse lines of credit |  | $ | 105,610 |  |  | $ | – |  |  | $ | – |  |  | $ | 105,610 |  |  | $ | 105,610 |
Accrued interest payable |  |  | 3,568 |  |  |  | – |  |  |  | – |  |  |  | 3,568 |  |  |  | 3,568 |
Securitization trust debt |  |  | 1,759,972 |  |  |  | – |  |  |  | – |  |  |  | 1,740,901 |  |  |  | 1,740,901 |
Subordinated renewable notes |  |  | 26,459 |  |  |  | – |  |  |  | – |  |  |  | 26,459 |  |  |  | 26,459 |

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