CONSUMER RECEIVABLES, NET (Tables)

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Aging Analysis of Consumer Receivables held for Investment

The following table presents an aging analysis of the amortized cost of consumer receivables held for investment by delinquency status (in thousands):

	March 31, 2022
Non-delinquent loans	$	1,206,259
1 - 60 days past due	149,913
61 - 90 days past due	49,194
90+ days past due	8,758
Total amortized cost	$	1,414,124

Activity in Allowance for Credit Losses

The following table details activity in the allowance for credit losses subsequent to the acquisition of Afterpay (in thousands):

Allowance for credit losses, recorded from acquisition (i)	$	115,552
Provision for credit losses	36,505
Charge-offs and other adjustments	(42,233)
Allowance for credit losses, balance at March 31, 2022	$	109,824

(i) Consumer receivables acquired from Afterpay that reflect a more-than-insignificant deterioration of credit from origination are considered purchased credit deteriorated ("PCD") receivables. For PCD consumer receivables, the initial estimate of expected credit losses is recognized in the allowance for credit losses on the date of acquisition using the same methodology as other consumer receivables.