XML 41 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Aug. 31, 2022
Accounting Policies [Abstract]  
Rollforward of Allowance for Credit Loss
A rollforward of the allowance for credit losses related to our automobile loans for the three and nine months ended August 31, 2022 is as follows (in thousands):
Three Months Ended 
August 31, 2022
Nine Months Ended 
August 31, 2022
Beginning balance (1)$75,660 $67,236 
Provision for doubtful accounts10,278 26,758 
Charge-offs, net of recoveries(6,547)(14,603)
Ending balance$79,391 $79,391 
(1)The beginning balance for the nine months ended August 31, 2022 is at December 1, 2021 and is related to Jefferies’ transfer of its investment in Foursight to us.