Fair Value Measurements and Disclosures (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of financial instruments not required to be carried at fair value

The carrying amounts in the table are recorded in the Consolidated Balance Sheets at March 31, 2020 and December 31, 2019 (amounts in thousands):



	March 31, 2020				December 31, 2019
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial assets:
Cash and cash equivalents	$	179,995	$	179,995	$	119,774	$	119,774
Finance receivables, net	3,408,074		3,503,737		3,514,165		3,645,610
Financial liabilities:
Interest-bearing deposits	97,465		97,465		106,246		106,246
Revolving lines of credit	1,807,559		1,807,559		1,789,502		1,789,502
Term loans	422,500		422,500		425,000		425,000
Convertible senior notes	604,303		589,742		601,086		648,968

Schedule of financial instruments required to be carried at fair value

The carrying amounts in the following table are measured at fair value on a recurring basis in the accompanying Consolidated Balance Sheets at March 31, 2020 and December 31, 2019 (amounts in thousands):



	Fair Value Measurements as of March 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Available-for-sale investments
Government bonds	$	4,347	$	—	$	—	$	4,347
Fair value through net income
Mutual funds	33,353		—		—		33,353
Derivative contracts (recorded in other assets)	—		18,126		—		18,126
Liabilities:
Derivative contracts (recorded in other liabilities)	—		59,288		—		59,288
	Fair Value Measurements as of December 31, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Available-for-sale investments
Government bonds	$	5,052	$	—	$	—	$	5,052
Fair value through net income
Mutual funds	33,677		—		—		33,677
Derivative contracts (recorded in other assets)	—		875		—		875
Liabilities:
Derivative contracts (recorded in other liabilities)	—		23,663		—		23,663