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ALLOWANCE FOR MERCHANT CASH ADVANCE LOSSES
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
ALLOWANCE FOR MERCHANT CASH ADVANCE LOSSES
ALLOWANCE FOR MERCHANT CASH ADVANCE LOSSES
The following table summarizes the activities of the Company’s allowance for uncollectible merchant cash advance receivables (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Allowance for uncollectible MCA receivables, beginning of the period
$
7,458

 
$
4,935

 
$
7,443

 
$
2,431

Provision for (reduction in) uncollectible MCA receivables
(166
)
 
644

 
(93
)
 
3,148

MCA receivables charged off
(2,201
)
 
(302
)
 
(2,259
)
 
(302
)
Allowance for uncollectible MCA receivables, end of the period
$
5,091

 
$
5,277

 
$
5,091

 
$
5,277


    
As of June 30, 2016, the Company has fully transitioned from offering MCAs to loans. The table above includes a reduction in uncollectible receivables for the three and six months ended June 30, 2016, primarily as a result of updates to the Company's provision estimates for historical balances. Additionally, the Company charged off certain MCA receivables based on payment inactivity.