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v3.24.3

Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2024
Accounting Policies [Abstract] |
Schedule of other income |
Schedule of other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In thousands) |  |  | (In thousands) |
Origination and servicing fees from third party receivables |  | $ | 1,647 |  |  | $ | 2,546 |  |  | $ | 5,485 |  |  | $ | 7,207 |
Sales tax refunds |  |  | 254 |  |  |  | 256 |  |  |  | 803 |  |  |  | 780 |
Other |  |  | 21 |  |  |  | 16 |  |  |  | 103 |  |  |  | 90 |
Other income for the period |  | $ | 1,922 |  |  | $ | 2,818 |  |  | $ | 6,391 |  |  | $ | 8,077 |
Schedule of supplemental balance sheet information related to leases |
Schedule of supplemental balance sheet information related to leases |  |  |  |  |  |  |  |
|  | September 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 |  |  | (30,419 | ) |  |  | (26,651 | )
Operating lease right-of-use assets, net |  | $ | 20,674 |  |  | $ | 2,924 |
Operating lease liabilities |  | $ | (22,601 | ) |  | $ | (3,220 | )
Finance Leases |  |  |  |  |  |  |  |
Property and equipment, at cost |  | $ | 3,794 |  |  | $ | 3,474 |
Less: Accumulated depreciation |  |  | (3,460 | ) |  |  | (3,385 | )
Property and equipment, net |  | $ | 334 |  |  | $ | 89 |
Finance lease liabilities |  | $ | (343 | ) |  | $ | (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 nine months ended September 30, 2024) |  | $ | 1,216 |  |  | $ | 33 |
2025 |  |  | 5,233 |  |  |  | 128 |
2026 |  |  | 5,084 |  |  |  | 118 |
2027 |  |  | 5,242 |  |  |  | 61 |
2028 |  |  | 5,408 |  |  |  | 30 |
Thereafter |  |  | 4,747 |  |  |  | 10 |
Total undiscounted lease payments |  |  | 26,930 |  |  |  | 380 |
Less amounts representing interest |  |  | (4,329 | ) |  |  | (37 | )
Lease Liability |  | $ | 22,601 |  |  | $ | 343 |
Schedule of lease cost |
Schedule of lease cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In thousands) |  |  | (In thousands) |
Operating lease cost |  | $ | 1,311 |  |  | $ | 1,410 |  |  | $ | 3,996 |  |  | $ | 4,181 |
Finance lease cost |  |  | 34 |  |  |  | 18 |  |  |  | 82 |  |  |  | 144 |
Total lease cost |  | $ | 1,345 |  |  | $ | 1,428 |  |  | $ | 4,078 |  |  | $ | 4,325 |
Schedule of supplemental cash flow information related to leases |
Schedule of supplemental cash flow information related to leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 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 |  |  | $ | 1,410 |  |  | $ | 3,996 |  |  | $ | 4,181 |
Operating cash flows from finance leases |  | $ | 29 |  |  | $ | 17 |  |  | $ | 70 |  |  | $ | 139 |
Financing cash flows from finance leases |  | $ | 6 |  |  | $ | 1 |  |  | $ | 13 |  |  | $ | 5 |
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 |  |  | (1,700 | ) |  |  | 4.01 |  |  | N/A
Forfeited |  |  | (270 | ) |  |  | 5.30 |  |  | N/A
Options outstanding at the end of period |  |  | 6,155 |  |  | $ | 5.41 |  |  | 2.91 years
Options exercisable at the end of period |  |  | 5,145 |  |  | $ | 4.75 |  |  | 2.63 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 |
|  | September 30, 2024 |  |  | December 31, 2023 |
|  | Outstanding |  |  | Exercisable |  |  | Outstanding |  |  | Exercisable |
|  | (In thousands) |  |  | (In thousands) |
Range of exercise prices: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$2.00 - $2.99 |  |  | 1,205 |  |  |  | 1,205 |  |  |  | 1,410 |  |  |  | 1,082 |
$3.00 - $3.99 |  |  | 2,046 |  |  |  | 2,046 |  |  |  | 2,473 |  |  |  | 2,473 |
$4.00 - $4.99 |  |  | 1,262 |  |  |  | 972 |  |  |  | 2,539 |  |  |  | 1,929 |
$10.00 - $10.99 |  |  | 1,642 |  |  |  | 922 |  |  |  | 1,703 |  |  |  | 578 |
Total shares |  |  | 6,155 |  |  |  | 5,145 |  |  |  | 8,125 |  |  |  | 6,062 |
Schedule of purchase of our common stock |
Schedule of purchase of our common stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Nine Months Ended |
|  | September 30, 2024 |  |  | September 30, 2023 |
|  | Shares |  |  | Avg. Price |  |  | Shares |  |  | Avg. Price |
Open market purchases |  |  | 473,202 |  |  | $ | 8.67 |  |  |  | 625,887 |  |  | $ | 11.20 |
Shares redeemed upon net exercise of stock options |  |  | 876,456 |  |  |  | 8.66 |  |  |  | 1,224,673 |  |  |  | 13.56 |
Other |  |  | 120,000 |  |  |  | 9.49 |  |  |  | – |  |  |  | – |
Total stock purchases |  |  | 1,469,658 |  |  | $ | 8.73 |  |  |  | 1,850,560 |  |  | $ | 11.80 |

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