Note 3 - Segment Reporting

12 Months Ended

Dec. 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

December 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 years ended

December 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:

Year ended December 31, 2019	Credit and Other Investments			Auto Finance			Total
Interest income:
Consumer loans, including past due fees	$	229,388		$	31,444		$	260,832
Other		386			—			386
Total interest income		229,774			31,444			261,218
Interest expense		(49,065	)		(1,665	)		(50,730	)
Net interest income before fees and related income on earning assets and provision for losses on loans, interest and fees receivable	$	180,709		$	29,779		$	210,488
Fees and related income on earning assets	$	70,984		$	163		$	71,147
Servicing income	$	857		$	929		$	1,786
Gain on repurchase of convertible senior notes	$	5,127		$	—		$	5,127
Equity in income of equity-method investee	$	1,001		$	—		$	1,001
Income before income taxes	$	25,005		$	6,758		$	31,763
Income tax expense	$	(3,830	)	$	(1,723	)	$	(5,553	)
Total assets	$	856,354		$	79,912		$	936,266

Year ended December 31, 2018	Credit and Other Investments			Auto Finance			Total
Interest income:
Consumer loans, including past due fees	$	131,096		$	29,872		$	160,968
Other		200			—			200
Total interest income		131,296			29,872			161,168
Interest expense		(35,564	)		(1,332	)		(36,896	)
Net interest income before fees and related income on earning assets and provision for losses on loans, interest and fees receivable	$	95,732		$	28,540		$	124,272
Fees and related income on earning assets	$	29,912		$	80		$	29,992
Servicing income	$	947		$	1,022		$	1,969
Equity in income of equity-method investee	$	581		$	—		$	581
(Loss) income before income taxes	$	(6,767	)	$	10,249		$	3,482
Income tax benefit (expense)	$	6,345		$	(2,215	)	$	4,130
Total assets	$	507,232		$	75,376		$	582,608