| Schedule of the Components of Loans Receivable, Net |
Accounts receivable, net of allowances, consist of the following: | | | | | | | | | (In Thousands) | June 30, 2019 |
| December 31, 2018 | Customers | $ | 60,579 |
| | $ | 60,879 |
| Corporate | 12,024 |
| | 18,171 |
| Franchisee | 12,654 |
| | 19,109 |
| Accounts Receivable | $ | 85,257 |
| | $ | 98,159 |
|
The following is a summary of the Company’s loans receivable, net: | | | | | | | | | (In Thousands) | June 30, 2019 | | December 31, 2018 | Credit Card Loans1 | $ | 86,763 |
| | $ | 90,406 |
| Acquired Loans2 | 2,158 |
| | 5,688 |
| Loans Receivable, Gross | 88,921 |
| | 96,094 |
| | | | | Allowance for Loan Losses | (12,783 | ) | | (12,970 | ) | Unamortized Fees | (6,164 | ) | | (6,971 | ) | Loans Receivable, Net of Allowances and Unamortized Fees | $ | 69,974 |
| | $ | 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 | June 30, 2019 | | December 31, 2018 | 30-59 days past due | 6.9 | % | | 6.9 | % | 60-89 days past due | 3.6 | % | | 3.4 | % | 90 or more days past due | 4.1 | % | | 4.3 | % | Past due loans receivable | 14.6 | % | | 14.6 | % | Current loans receivable | 85.4 | % | | 85.4 | % | Balance of Credit Card Loans on Nonaccrual Status | $ | 1,756 |
| | $ | 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 tables below present the components of the allowance for loan losses for the three and six months ended June 30, 2019 and 2018: | | | | | | | | | | Three Months Ended June 30, | (In Thousands) | 2019 | | 2018 | Beginning Balance | $ | 12,363 |
| | $ | 10,699 |
| Provision for Loan Losses | 4,968 |
| | 5,048 |
| Charge-offs | (5,158 | ) | | (4,592 | ) | Recoveries | 610 |
| | 431 |
| Ending Balance | $ | 12,783 |
| | $ | 11,586 |
|
| | | | | | | | | | Six Months Ended June 30, | (In Thousands) | 2019 | | 2018 | Beginning Balance | $ | 12,970 |
| | $ | 11,454 |
| Provision for Loan Losses | 9,223 |
| | 9,540 |
| Charge-offs | (10,642 | ) | | (10,210 | ) | Recoveries | 1,232 |
| | 802 |
| Ending Balance | $ | 12,783 |
| | $ | 11,586 |
|
|