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Securities Available for Sale (Tables)
 6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation
The amortized cost, gross unrealized gains and losses, and fair value of securities available for sale as of June 30, 2018 and December 31, 2017, were as follows:
June 30, 2018
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Asset-backed senior securities related to Company-sponsored securitizations (1)
$
65,044

 
$
57

 
$
(114
)
 
$
64,987

Asset-backed subordinated residual certificates related to Company-sponsored securitizations and CLUB Certificate transactions (1)
29,127

 
56

 
(456
)
 
28,727

Corporate debt securities
17,747

 
3

 
(4
)
 
17,746

Certificates of deposit
15,796

 
—

 
—

 
15,796

Asset-backed securities
13,077

 
—

 
(2
)
 
13,075

Commercial paper
9,473

 
—

 
—

 
9,473

Total securities available for sale
$
150,264

 
$
116

 
$
(576
)
 
$
149,804

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Asset-backed senior securities related to Company-sponsored securitizations (1)
$
36,953

 
$
73

 
$
(6
)
 
$
37,020

Certificates of deposit
24,758

 
—

 
—

 
24,758

Corporate debt securities
16,268

 
1

 
(11
)
 
16,258

Asset-backed securities
14,843

 
1

 
(1
)
 
14,843

Commercial paper
14,665

 
—

 
—

 
14,665

Asset-backed subordinated residual certificates related to Company-sponsored securitizations and CLUB Certificate transactions (1)
10,058

 
11

 
(40
)
 
10,029

Total securities available for sale
$
117,545

 
$
86

 
$
(58
)
 
$
117,573


(1) 
As of June 30, 2018 and December 31, 2017, approximately $92.0 million and $45.3 million, respectively, of the asset-backed securities related to Company-sponsored securitizations and CLUB Certificate transactions at fair value are subject to restrictions on transfer pursuant to the Company's obligations as a “sponsor” under the U.S. Risk Retention Rules (as more fully described in “Part II. Other Information – Item 1A. Risk Factors – Risk retention rules and recent developments in our business may increase our compliance costs, impair our liquidity and otherwise adversely affect our operating results” in the Company’s Annual Report on Form 10-K).
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
A summary of securities available for sale with unrealized losses as of June 30, 2018 and December 31, 2017, aggregated by period of continuous unrealized loss, is as follows:
 
Less than
12 months
 
12 months
or longer
 
Total
June 30, 2018
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Asset-backed securities related to Company-sponsored securitizations and CLUB Certificate transactions
$
75,235

 
$
(570
)
 
$
—

 
$
—

 
$
75,235

 
$
(570
)
Corporate debt securities
10,101

 
(4
)
 
—

 
—

 
10,101

 
(4
)
Asset-backed securities
3,673

 
(2
)
 
—

 
—

 
3,673

 
(2
)
Total securities with unrealized losses (1)
$
89,009

 
$
(576
)
 
$
—

 
$
—

 
$
89,009

 
$
(576
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less than
12 months
 
12 months
or longer
 
Total
December 31, 2017
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Asset-backed securities related to Company-sponsored securitizations and CLUB Certificate transactions
$
26,534

 
$
(46
)
 
$
—

 
$
—

 
$
26,534

 
$
(46
)
Corporate debt securities
14,368

 
(11
)
 
—

 
—

 
14,368

 
(11
)
Asset-backed securities
4,401

 
(1
)
 
—

 
—

 
4,401

 
(1
)
Total securities with unrealized losses (1)
$
45,303

 
$
(58
)
 
$
—

 
$
—

 
$
45,303

 
$
(58
)
(1) 
The number of investment positions with unrealized losses at June 30, 2018 and December 31, 2017 totaled 43 and 24, respectively.
Available-for-sale Securities by Contractual Maturity
The contractual maturities of securities available for sale at June 30, 2018, were as follows:
 
Within
1 year
After 1 year
through
5 years
Total
Corporate debt securities
$
17,746

$
—

$
17,746

Certificates of deposit
$
15,796

$
—

$
15,796

Asset-backed securities
10,075

3,000

13,075

Commercial paper
9,473

—

9,473

Fair value
$
53,090

$
3,000

$
56,090

Asset-backed securities related to Company-sponsored securitizations and CLUB Certificate transactions
 
 
93,714

Total fair value
$
53,090

$
3,000

$
149,804

Total amortized cost
$
53,093

$
3,000

$
150,264