v3.10.0.1

Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2018

Receivables [Abstract]

Schedule of the Components of Loans Receivable, Net

Accounts receivable, net of allowances, consist of the following:

(In Thousands)	September 30, 2018				December 31, 2017
Customers	$	54,463			$	48,661
Corporate	15,500				23,431
Franchisee	22,348				27,795
Accounts Receivable	$	92,311			$	99,887

The following is a summary of the Company’s loans receivable, net:

(In Thousands)	September 30, 2018				December 31, 2017
Credit Card Loans1	$	90,944			$	89,728
Acquired Loans2	7,656				16,213
Loans Receivable, Gross	98,600				105,941
Allowance for Loan Losses	(13,138		)		(11,454		)
Unamortized Fees	(7,400		)		(8,375		)
Loans Receivable, Net of Allowances and Unamortized Fees	$	78,062			$	86,112

¹ "Credit Card Loans" are loans originated after the 2015 acquisition of DAMI.

² "Acquired Loans" are credit card loans the Company purchased in the 2015 acquisition of DAMI.

Aging of the Loans Receivable Balance

Included in the table below is an aging of the loans receivable, gross balance:

(Dollar Amounts in Thousands)
Aging Category1	September 30, 2018				December 31, 2017
30-59 days past due	7.0		%		7.1		%
60-89 days past due	3.4		%		3.6		%
90 or more days past due	4.5		%		4.1		%
Past due loans receivable	14.9		%		14.8		%
Current loans receivable	85.1		%		85.2		%
Balance of Credit Card Loans on Nonaccrual Status	$	2,016			$	2,016
Balance of Loans Receivable 90 or More Days Past Due and Still Accruing Interest and Fees	$	—			$	—

¹ This aging is based on the contractual amounts outstanding for each loan as of period end, and does not reflect the fair value adjustments for the Acquired Loans.

Components of the Allowance for Loan Losses

The table below presents the components of the allowance for loan losses:

	Nine Months Ended				Year Ended
(In Thousands)	September 30, 2018				December 31, 2017
Beginning Balance1	$	11,454			$	6,624
Provision for Loan Losses	16,011				20,973
Charge-offs	(15,504		)		(16,852		)
Recoveries	1,177				709
Ending Balance	$	13,138			$	11,454

¹ The Company acquired DAMI on October 15, 2015 and recorded $89.1 million of loans receivable as of the acquisition date. No corresponding allowance for loan losses was recorded as the loans receivable were established at fair value in acquisition accounting.

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524

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- Definition

Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953401-111524

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
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