v3.19.1

Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Schedule of the Components of Loans Receivable, Net

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

(In Thousands)	March 31, 2019				December 31, 2018
Customers	$	54,517			$	60,879
Corporate	13,405				18,171
Franchisee	16,115				19,109
Accounts Receivable	$	84,037			$	98,159

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

(In Thousands)	March 31, 2019				December 31, 2018
Credit Card Loans1	$	87,768			$	90,406
Acquired Loans2	3,721				5,688
Loans Receivable, Gross	91,489				96,094
Allowance for Loan Losses	(12,363		)		(12,970		)
Unamortized Fees	(6,562		)		(6,971		)
Loans Receivable, Net of Allowances and Unamortized Fees	$	72,564			$	76,153

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	March 31, 2019				December 31, 2018
30-59 days past due	6.3		%		6.9		%
60-89 days past due	3.1		%		3.4		%
90 or more days past due	4.1		%		4.3		%
Past due loans receivable	13.5		%		14.6		%
Current loans receivable	86.5		%		85.4		%
Balance of Credit Card Loans on Nonaccrual Status	$	1,954			$	2,110
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:

	Three Months Ended
(In Thousands)	March 31, 2019				March 31, 2018
Beginning Balance	$	12,970			$	11,454
Provision for Loan Losses	4,255				4,492
Charge-offs	(5,484		)		(5,619		)
Recoveries	622				372
Ending Balance	$	12,363			$	10,699

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
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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
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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

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-SubTopic 10
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