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v3.22.2

(1) Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2022
Accounting Policies [Abstract] |
Schedule of other income |
Schedule of other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (In thousands) |  |  | (In thousands) |
Origination and servicing fees from third party receivables |  | $ | 1,408 |  |  | $ | – |  |  | $ | 2,252 |  |  | $ | – |
Direct mail revenues |  |  | – |  |  |  | 890 |  |  |  | 774 |  |  |  | 1,869 |
Convenience fee revenue |  |  | 40 |  |  |  | 180 |  |  |  | 120 |  |  |  | 420 |
Recoveries on previously charged-off contracts |  |  | 24 |  |  |  | 45 |  |  |  | 44 |  |  |  | 60 |
Sales tax refunds |  |  | 159 |  |  |  | 118 |  |  |  | 303 |  |  |  | 289 |
Other |  |  | 17 |  |  |  | 96 |  |  |  | 61 |  |  |  | 127 |
Other income for the period |  | $ | 1,648 |  |  | $ | 1,329 |  |  | $ | 3,554 |  |  | $ | 2,765 |
Supplemental balance sheet information related to leases |
Supplemental balance sheet information related to leases |  |  |  |  |  |  |  |
|  | June 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (In thousands) |
Operating Leases |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 25,819 |  |  | $ | 25,819 |
Less: Accumulated amortization right-of-use assets |  |  | (20,296 | ) |  |  | (17,624 | )
Operating lease right-of-use assets, net |  | $ | 5,523 |  |  | $ | 8,195 |
Operating lease liabilities |  | $ | (6,213 | ) |  | $ | (9,058 | )
Finance Leases |  |  |  |  |  |  |  |
Property and equipment, at cost |  | $ | 3,407 |  |  | $ | 3,407 |
Less: Accumulated depreciation |  |  | (2,853 | ) |  |  | (2,348 | )
Property and equipment, net |  | $ | 554 |  |  | $ | 1,059 |
Finance lease liabilities |  | $ | (597 | ) |  | $ | (1,124 | )
Weighted Average Discount Rate |  |  |  |  |  |  |  |
Operating lease |  |  | 5.0% |  |  |  | 5.0% |
Finance lease |  |  | 6.5% |  |  |  | 6.5% |
Schedule of maturities of lease liabilities |
Schedule of maturities of lease liabilities |  |  |  |  |  |  |  |
Maturities of lease liabilities were as follows: |  |  |  |  |  |
(In thousands) |  | Operating |  |  | Finance |
Year Ending June 30, |  | Lease |  |  | Lease |
2022 |  | $ | 2,738 |  |  | $ | 495 |
2023 |  |  | 1,888 |  |  |  | 84 |
2024 |  |  | 920 |  |  |  | 26 |
2025 |  |  | 795 |  |  |  | 9 |
2026 |  |  | 501 |  |  |  | – |
Thereafter |  |  | 1,160 |  |  |  | – |
Total undiscounted lease payments |  |  | 8,002 |  |  |  | 614 |
Less amounts representing interest |  |  | (1,789 | ) |  |  | (17 | )
Lease Liability |  | $ | 6,213 |  |  | $ | 597 |
Lease information |
Lease information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (In thousands) |  |  | (In thousands) |
Operating lease cost |  | $ | 1,760 |  |  | $ | 1,793 |  |  | $ | 3,630 |  |  | $ | 3,630 |
Finance lease cost |  |  | 257 |  |  |  | 308 |  |  |  | 555 |  |  |  | 616 |
Total lease cost |  | $ | 2,017 |  |  | $ | 2,101 |  |  | $ | 4,185 |  |  | $ | 4,246 |
Supplemental cash flow information related to leases |
Supplemental cash flow information related to leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |  | (In thousands) |  |  | (In thousands) |
Operating cash flows from operating leases |  | $ | 1,907 |  |  | $ | 1,892 |  |  | $ | 3,965 |  |  | $ | 3,822 |
Operating cash flows from finance leases |  |  | 245 |  |  |  | 278 |  |  |  | 527 |  |  |  | 552 |
Financing cash flows from finance leases |  |  | 12 |  |  |  | 30 |  |  |  | 28 |  |  |  | 65 |
Share-based payment arrangement option activity |
Share-based payment arrangement option activity |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Weighted
|  |  |  |  |  |  |  | Average
|  | Number of |  |  | Weighted |  |  | Remaining
|  | Shares |  |  | Average |  |  | Contractual
|  | (in thousands) |  |  | Exercise Price |  |  | Term
Options outstanding at the beginning of period |  |  | 13,075 |  |  | $ | 4.54 |  |  | N/A
Granted |  |  | 1,710 |  |  |  | 10.28 |  |  | N/A
Exercised |  |  | (2,895 | ) |  |  | 4.98 |  |  | N/A
Forfeited |  |  | (490 | ) |  |  | 7.07 |  |  | N/A
Options outstanding at the end of period |  |  | 11,400 |  |  | $ | 5.18 |  |  | 3.59 years
Options exercisable at the end of period |  |  | 7,185 |  |  | $ | 4.40 |  |  | 2.23 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 |
|  | June 30, 2022 |  |  | December 31, 2021 |
|  | Outstanding |  |  | Exercisable |  |  | Outstanding |  |  | Exercisable |
Range of exercise prices: |  | (In thousands) |  |  | (In thousands) |
$0.95 - $1.99 |  |  | 32 |  |  |  | 32 |  |  |  | 577 |  |  |  | 577 |
$2.00 - $2.99 |  |  | 1,453 |  |  |  | 783 |  |  |  | 1,517 |  |  |  | 489 |
$3.00 - $3.99 |  |  | 3,952 |  |  |  | 3,367 |  |  |  | 4,285 |  |  |  | 3,382 |
$4.00 - $4.99 |  |  | 2,745 |  |  |  | 1,495 |  |  |  | 2,870 |  |  |  | 1,410 |
$5.00 - $5.99 |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
$6.00 - $6.99 |  |  | 753 |  |  |  | 753 |  |  |  | 2,651 |  |  |  | 2,652 |
$7.00 - $7.99 |  |  | 755 |  |  |  | 755 |  |  |  | 1,175 |  |  |  | 1,175 |
$8.00 - $11.00 |  |  | 1,710 |  |  |  | – |  |  |  | – |  |  |  | – |
Total shares |  |  | 11,400 |  |  |  | 7,185 |  |  |  | 13,075 |  |  |  | 9,685 |
Schedule of purchases of company stock |
Schedule of purchases of company stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Six Months Ended |
|  | June 30, 2022 |  |  | June 30, 2021 |
|  | Shares |  |  | Avg. Price |  |  | Shares |  |  | Avg. Price |
Open market purchases |  |  | 1,938,637 |  |  | $ | 11.42 |  |  |  | 301,088 |  |  | $ | 4.18 |
Shares redeemed upon net exercise of stock options |  |  | 893,153 |  |  |  | 13.56 |  |  |  | 56,983 |  |  |  | 4.47 |
Total stock purchases |  |  | 2,831,790 |  |  | $ | 12.09 |  |  |  | 358,071 |  |  | $ | 4.42 |

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- 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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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