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v3.23.2

Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2023
Accounting Policies [Abstract] |
Schedule of other income |
Schedule of other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |  |  | (In thousands) |
Origination and servicing fees from third party receivables |  | $ | 1,924 |  |  | $ | 1,408 |  |  | $ | 4,661 |  |  | $ | 2,252 |
Direct mail revenues |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 774 |
Sales tax refunds |  |  | 264 |  |  |  | 159 |  |  |  | 524 |  |  |  | 303 |
Other |  |  | 33 |  |  |  | 81 |  |  |  | 74 |  |  |  | 225 |
Other income for the period |  | $ | 2,221 |  |  | $ | 1,648 |  |  | $ | 5,259 |  |  | $ | 3,554 |
Supplemental balance sheet information related to leases |
Supplemental balance sheet information related to leases |  |  |  |  |  |  |  |
|  | June 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
Operating Leases |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 29,575 |  |  | $ | 28,397 |
Less: Accumulated amortization right-of-use assets |  |  | (24,649 | ) |  |  | (22,613 | )
Operating lease right-of-use assets, net |  | $ | 4,926 |  |  | $ | 5,784 |
Operating lease liabilities |  | $ | (5,271 | ) |  | $ | (6,234 | )
Finance Leases |  |  |  |  |  |  |  |
Property and equipment, at cost |  | $ | 3,454 |  |  | $ | 3,407 |
Less: Accumulated depreciation |  |  | (3,357 | ) |  |  | (3,301 | )
Property and equipment, net |  | $ | 97 |  |  | $ | 106 |
Finance lease liabilities |  | $ | (102 | ) |  | $ | (177 | )
Schedule of maturities of lease liabilities |
Schedule of maturities of lease liabilities |  |  |  |  |  |
(In thousands) |  | Operating |  |  | Finance |
Year Ending June 30, |  | Lease |  |  | Lease |
2023 |  | $ | 2,775 |  |  | $ | 30 |
2024 |  |  | 1,787 |  |  |  | 37 |
2025 |  |  | 737 |  |  |  | 20 |
2026 |  |  | 455 |  |  |  | 11 |
2027 |  |  | 452 |  |  |  | 11 |
Thereafter |  |  | 565 |  |  |  | 1 |
Total undiscounted lease payments |  |  | 6,771 |  |  |  | 110 |
Less amounts representing interest |  |  | (1,500 | ) |  |  | (8 | )
Lease Liability |  | $ | 5,271 |  |  | $ | 102 |
Lease information |
Lease information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |  |  | (In thousands) |
Operating lease cost |  | $ | 1,411 |  |  | $ | 1,760 |  |  | $ | 2,771 |  |  | $ | 3,630 |
Finance lease cost |  |  | 24 |  |  |  | 257 |  |  |  | 125 |  |  |  | 555 |
Total lease cost |  | $ | 1,435 |  |  | $ | 2,017 |  |  | $ | 2,896 |  |  | $ | 4,185 |
Supplemental cash flow information related to leases |
Supplemental cash flow information related to leases |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |  |  | (In thousands) |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 1,441 |  |  | $ | 1,907 |  |  | $ | 2,771 |  |  | $ | 3,965 |
Operating cash flows from finance leases |  |  | 23 |  |  |  | 245 |  |  |  | 122 |  |  |  | 527 |
Financing cash flows from finance leases |  |  | 2 |  |  |  | 12 |  |  |  | 4 |  |  |  | 28 |
Schedule of option activity |
Schedule of option activity |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Weighted
|  | Number of |  |  | Weighted |  |  | Average
|  | Shares |  |  | Average |  |  | Remaining
|  | (in thousands) |  |  | Exercise Price |  |  | Contractual Term
Options outstanding at the beginning of period |  |  | 11,167 |  |  | $ | 5.21 |  |  | N/A
Granted |  |  | – |  |  |  | – |  |  | N/A
Exercised |  |  | (2,805 | ) |  |  | 5.59 |  |  | N/A
Forfeited |  |  | – |  |  |  | – |  |  | N/A
Options outstanding at the end of period |  |  | 8,362 |  |  | $ | 5.09 |  |  | 3.61 years
Options exercisable at the end of period |  |  | 5,675 |  |  | $ | 4.31 |  |  | 2.94 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, 2023 |  |  | December 31, 2022 |
|  | Outstanding |  |  | Exercisable |  |  | Outstanding |  |  | Exercisable |
Range of exercise prices: |  | (In thousands) |  |  | (In thousands) |
$2.00 - $2.99 |  |  | 1,440 |  |  |  | 1,105 |  |  |  | 1,445 |  |  |  | 775 |
$3.00 - $3.99 |  |  | 2,543 |  |  |  | 2,253 |  |  |  | 3,785 |  |  |  | 3,495 |
$4.00 - $4.99 |  |  | 2,669 |  |  |  | 1,732 |  |  |  | 2,739 |  |  |  | 1,802 |
$5.00 - $5.99 |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
$6.00 - $6.99 |  |  | – |  |  |  | – |  |  |  | 740 |  |  |  | 740 |
$7.00 - $7.99 |  |  | – |  |  |  | – |  |  |  | 748 |  |  |  | 748 |
$10.00 - $10.99 |  |  | 1,710 |  |  |  | 585 |  |  |  | 1,710 |  |  |  | 210 |
Total shares |  |  | 8,362 |  |  |  | 5,675 |  |  |  | 11,167 |  |  |  | 7,770 |
Schedule of purchases of company stock |
Schedule of purchases of company stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Six Months Ended |
|  | June 30, 2023 |  |  | June 30, 2022 |
|  | Shares |  |  | Avg. Price |  |  | Shares |  |  | Avg. Price |
Open market purchases |  |  | 564,202 |  |  | $ | 10.36 |  |  |  | 1,938,637 |  |  | $ | 11.42 |
Shares redeemed upon net exercise of stock options |  |  | 1,220,044 |  |  |  | 10.34 |  |  |  | 893,153 |  |  |  | 13.56 |
Total stock purchases |  |  | 1,784,246 |  |  | $ | 10.35 |  |  |  | 2,831,790 |  |  | $ | 12.09 |

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