Note 3 - Segment Reporting

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

3. Segment Reporting

We operate primarily within

one

industry consisting of

two

reportable segments by which we manage our business. Our

two

reportable segments are: Credit and Other Investments, and Auto Finance.

As of both

March 

31,

2019

and

December 

31,

2018,

we did

not

have a material amount of long-lived assets located outside of the U.S., and only a negligible portion of our revenues for the

three

months ended

March 31, 2019

and

2018

were generated outside of the U.S.

We measure the profitability of our reportable segments based on their income after allocation of specific costs and corporate overhead; however, our segment results do

not

reflect any charges for internal capital allocations among our segments. Overhead costs are allocated based on headcounts and other applicable measures to better align costs with the associated revenues.

Summary operating segment information (in thousands) is as follows:

Three months ended March 31, 2019	Credit and Other Investments			Auto Finance			Total
Interest income:
Consumer loans, including past due fees	$	42,672		$	7,718		$	50,390
Other		69			—			69
Total interest income		42,741			7,718			50,459
Interest expense		(10,769	)		(377	)		(11,146	)
Net interest income before fees and related income on earning assets and provision for losses on loans, interest and fees receivable	$	31,972		$	7,341		$	39,313
Fees and related income on earning assets	$	11,236		$	28		$	11,264
Servicing income	$	419		$	267		$	686
Equity in income of equity-method investees	$	227		$	—		$	227
Income before income taxes	$	4,207		$	1,686		$	5,893
Income tax benefit (expense)	$	239		$	(477	)	$	(238	)
Total assets	$	557,281		$	78,953		$	636,234

Three months ended March 31, 2018	Credit and Other Investments			Auto Finance			Total
Interest income:
Consumer loans, including past due fees	$	28,562		$	7,119		$	35,681
Other		45			—			45
Total interest income		28,607			7,119			35,726
Interest expense		(7,892	)		(261	)		(8,153	)
Net interest income before fees and related income on earning assets and provision for losses on loans, interest and fees receivable	$	20,715		$	6,858		$	27,573
Fees and related income on earning assets	$	6,197		$	17		$	6,214
Servicing income	$	402		$	230		$	632
Equity in income of equity-method investees	$	9		$	—		$	9
(Loss) income before income taxes	$	(6,914	)	$	2,339		$	(4,575	)
Income tax benefit (expense)	$	399		$	(543	)	$	(144	)
Total assets	$	365,882		$	67,030		$	432,912