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v3.24.2.u1

Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2024
Accounting Policies [Abstract] |
Schedule of other income |
Schedule of other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In thousands) |  |  | (In thousands) |
Origination and servicing fees from third party receivables |  | $ | 1,694 |  |  | $ | 1,924 |  |  | $ | 3,838 |  |  | $ | 4,661 |
Sales tax refunds |  |  | 260 |  |  |  | 264 |  |  |  | 549 |  |  |  | 524 |
Other |  |  | 59 |  |  |  | 33 |  |  |  | 82 |  |  |  | 74 |
Other income for the period |  | $ | 2,013 |  |  | $ | 2,221 |  |  | $ | 4,469 |  |  | $ | 5,259 |
Schedule of supplemental balance sheet information related to leases |
Schedule of supplemental balance sheet information related to leases |  |  |  |  |  |  |  |
|  | June 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (In thousands) |
Operating Leases |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 51,093 |  |  | $ | 29,575 |
Less: Accumulated amortization right-of-use assets |  |  | (29,166 | ) |  |  | (26,651 | )
Operating lease right-of-use assets, net |  | $ | 21,927 |  |  | $ | 2,924 |
Operating lease liabilities |  | $ | (23,230 | ) |  | $ | (3,220 | )
Finance Leases |  |  |  |  |  |  |  |
Property and equipment, at cost |  | $ | 3,757 |  |  | $ | 3,474 |
Less: Accumulated depreciation |  |  | (3,428 | ) |  |  | (3,385 | )
Property and equipment, net |  | $ | 329 |  |  | $ | 89 |
Finance lease liabilities |  | $ | (335 | ) |  | $ | (93 | )
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 |  |  |  |  |  |  |  |
(In thousands) |  | Operating |  |  | Finance |
Year Ending December 31, |  | Lease |  |  | Lease |
2024 (excluding the six months ended June 30, 2024) |  | $ | 1,903 |  |  | $ | 64 |
2025 |  |  | 5,233 |  |  |  | 120 |
2026 |  |  | 5,084 |  |  |  | 110 |
2027 |  |  | 5,242 |  |  |  | 52 |
2028 |  |  | 5,408 |  |  |  | 22 |
Thereafter |  |  | 4,747 |  |  |  | 5 |
Total undiscounted lease payments |  |  | 27,617 |  |  |  | 373 |
Less amounts representing interest |  |  | (4,387 | ) |  |  | (38 | )
Lease Liability |  | $ | 23,230 |  |  | $ | 335 |
Schedule of lease cost |
Schedule of lease cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In thousands) |  |  | (In thousands) |
Operating lease cost |  | $ | 1,311 |  |  | $ | 1,411 |  |  | $ | 2,685 |  |  | $ | 2,771 |
Finance lease cost |  |  | 34 |  |  |  | 24 |  |  |  | 48 |  |  |  | 125 |
Total lease cost |  | $ | 1,345 |  |  | $ | 1,435 |  |  | $ | 2,733 |  |  | $ | 2,896 |
Schedule of supplemental cash flow information related to leases |
Schedule of supplemental cash flow information related to leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Cash paid for amounts included in the measurement of lease liabilities: |  | (In thousands) |  |  | (In thousands) |
Operating cash flows from operating leases |  | $ | 1,311 |  |  | $ | 1,441 |  |  | $ | 2,685 |  |  | $ | 2,771 |
Operating cash flows from finance leases |  | $ | 28 |  |  | $ | 23 |  |  | $ | 41 |  |  | $ | 122 |
Financing cash flows from finance leases |  | $ | 6 |  |  | $ | 2 |  |  | $ | 7 |  |  | $ | 4 |
Schedule of stock option activity |
Schedule of stock option activity |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Weighted
|  | Number of |  |  | Weighted |  |  | Average
|  | Shares |  |  | Average |  |  | Remaining
|  | (in thousands) |  |  | Exercise Price |  |  | Contractual Term
Options outstanding at the beginning of period |  |  | 8,125 |  |  | $ | 5.11 |  |  | N/A
Granted |  |  | – |  |  |  | – |  |  | N/A
Exercised |  |  | (1,428 | ) |  |  | 4.14 |  |  | N/A
Forfeited |  |  | (210 | ) |  |  | 4.64 |  |  | N/A
Options outstanding at the end of period |  |  | 6,487 |  |  | $ | 5.34 |  |  | 3.15 years
Options exercisable at the end of period |  |  | 5,127 |  |  | $ | 4.66 |  |  | 2.80 years
Schedule of price distribution of stock options outstanding and exercisable |
Schedule of price distribution of stock options outstanding and exercisable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Number of shares as of |  |  | Number of shares as of |
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | Outstanding |  |  | Exercisable |  |  | Outstanding |  |  | Exercisable |
Range of exercise prices: |  | (In thousands) |  |  | (In thousands) |
$2.00 - $2.99 |  |  | 1,290 |  |  |  | 1,290 |  |  |  | 1,410 |  |  |  | 1,082 |
$3.00 - $3.99 |  |  | 2,203 |  |  |  | 2,203 |  |  |  | 2,473 |  |  |  | 2,473 |
$4.00 - $4.99 |  |  | 1,322 |  |  |  | 712 |  |  |  | 2,539 |  |  |  | 1,929 |
$10.00 - $10.99 |  |  | 1,672 |  |  |  | 922 |  |  |  | 1,703 |  |  |  | 578 |
Total shares |  |  | 6,487 |  |  |  | 5,127 |  |  |  | 8,125 |  |  |  | 6,062 |
Schedule of purchase of our common stock |
Schedule of purchase of our common stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Six Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |
|  | Shares |  |  | Avg. Price |  |  | Shares |  |  | Avg. Price |
Open market purchases |  |  | 473,202 |  |  | $ | 8.67 |  |  |  | 564,202 |  |  | $ | 10.36 |
Shares redeemed upon net exercise of stock options |  |  | 824,511 |  |  |  | 8.57 |  |  |  | 1,220,044 |  |  |  | 10.34 |
Total stock purchases |  |  | 1,297,713 |  |  | $ | 8.61 |  |  |  | 1,784,246 |  |  | $ | 10.35 |

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