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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 19,203 $ 45,343 $ 85,983
Adjustments to reconcile net income to net cash provided by operating activities:      
Net interest income accretion on fair value receivables 224,304 193,541 135,147
Depreciation and amortization 862 847 1,618
Amortization of deferred financing costs 10,574 9,690 8,207
Mark to fair value of finance receivables measured at fair value (21,000) (12,000) (15,283)
Provision for credit losses (5,307) (22,300) (28,100)
Stock-based compensation expense 2,957 3,464 4,427
Changes in assets and liabilities:      
Other assets (10,028) 4,667 4,171
Deferred tax assets, net 2,726 6,441 9,398
Accounts payable and accrued expenses 9,464 8,287 10,364
Net cash provided by operating activities 233,755 237,980 215,932
Cash flows from investing activities:      
Payments received on finance receivables held for investment 25,004 68,167 133,733
Purchases of finance receivables measured at fair value (1,653,037) (1,251,020) (1,673,166)
Payments on receivables portfolio at fair value 858,628 823,434 825,783
Change in repossessions held in inventory 125 446 1,899
Purchase of furniture and equipment (433) (559) (2,149)
Net cash (used in) investing activities (769,713) (359,532) (713,900)
Cash flows from financing activities:      
Proceeds from issuance of securitization trust debt 1,453,921 1,235,534 1,411,018
Proceeds from issuance of subordinated renewable notes 11,037 0 4,004
Payments on subordinated renewable notes (1,736) (8,075) (5,200)
Net advances (repayments) of warehouse lines of credit 180,574 (53,253) 181,868
Net advances (repayments) of residual interest financing debt 50,000 0 (4,311)
Repayment of securitization trust debt (1,124,088) (1,078,432) (1,060,052)
Payment of financing costs (15,869) (7,888) (12,299)
Purchase of common stock (12,828) (20,273) (46,096)
Exercise of options and warrants 6,913 16,581 15,277
Net cash provided by financing activities 547,924 84,194 484,209
Increase (decrease) in cash and cash equivalents 11,966 (37,358) (13,759)
Cash and cash equivalents at beginning of year 125,431 162,789 176,548
Cash and cash equivalents at end of year 137,397 125,431 162,789
Cash paid during the period for:      
Interest 177,949 135,203 76,696
Income taxes $ 11,799 $ 3,552 $ 16,182