Loans and Finance Receivables, Credit Quality Information and Allowances and Liabilities for Estimated Losses on Loans and Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Schedule of Revenue Generated from Loans and Finance Receivables

Revenue generated from the Company’s loans and finance receivables for the three months ended March 31, 2016 and 2015 was as follows (dollars in thousands):

	Three Months Ended
	March 31,
	2016		2015
Short-term loans	$	47,598	$	50,861
Line of credit accounts		48,973		55,653
Installment loans and RPAs		77,506		58,757
Total loans and finance receivables revenue		174,077		165,271
Other		576		405
Total revenue	$	174,653	$	165,676

Components of Company-Owned Loans and Finance Receivables

The components of Company-owned loans and finance receivables at March 31, 2016 and 2015 and December 31, 2015 were as follows (dollars in thousands):

	As of March 31, 2016
	Short-term			Line of Credit			Installment Loans and
	Loans			Accounts			RPAs			Total
Current receivables	$	36,263		$	91,482		$	317,467		$	445,212
Delinquent receivables:
Delinquent payment amounts(1)		—			3,105			1,469			4,574
Receivables on non-accrual status		16,118			3,764			26,238			46,120
Total delinquent receivables		16,118			6,869			27,707			50,694
Total loans and finance receivables, gross		52,381			98,351			345,174			495,906
Less: Allowance for losses		(11,693	)		(15,284	)		(40,727	)		(67,704	)
Loans and finance receivables, net	$	40,688		$	83,067		$	304,447		$	428,202

	As of March 31, 2015
	Short-term			Line of Credit			Installment Loans and
	Loans			Accounts			RPAs			Total
Current receivables	$	31,678		$	69,912		$	187,639		$	289,229
Delinquent receivables:
Delinquent payment amounts(1)		—			3,158			1,302			4,460
Receivables on non-accrual status		17,334			3,126			16,126			36,586
Total delinquent receivables		17,334			6,284			17,428			41,046
Total loans and finance receivables, gross		49,012			76,196			205,067			330,275
Less: Allowance for losses		(12,744	)		(12,340	)		(26,136	)		(51,220	)
Loans and finance receivables, net	$	36,268		$	63,856		$	178,931		$	279,055

	As of December 31, 2015
	Short-term			Line of Credit			Installment Loans and
	Loans			Accounts			RPAs			Total
Current receivables	$	37,951		$	92,732		$	317,231		$	447,914
Delinquent receivables:
Delinquent payment amounts(1)		—			3,072			1,510			4,582
Receivables on non-accrual status		20,842			5,051			23,566			49,459
Total delinquent receivables		20,842			8,123			25,076			54,041
Total loans and finance receivables, gross		58,793			100,855			342,307			501,955
Less: Allowance for losses		(14,652	)		(15,727	)		(36,943	)		(67,322	)
Loans and finance receivables, net	$	44,141		$	85,128		$	305,364		$	434,633

(1) Represents the delinquent portion of installment loans and line of credit account balances for customers that have only missed one payment. See “Current and Delinquent Loans and Finance Receivables” above for additional information.

Schedule of Changes in Allowance for Losses

Changes in the allowance for losses for the Company-owned loans and finance receivables and the liability for losses on the Company’s guarantees of third-party lender-owned loans during the three months ended March 31, 2016 and 2015 were as follows (dollars in thousands):

	Three Months Ended March 31, 2016
	Short-term			Line of Credit			Installment Loans and
	Loans			Accounts			RPAs			Total
Allowance for losses for Company-owned loans and finance receivables:
Balance at beginning of period	$	14,652		$	15,727		$	36,943		$	67,322
Cost of revenue		13,669			16,471			40,011			70,151
Charge-offs		(21,576	)		(20,599	)		(42,799	)		(84,974	)
Recoveries		5,036			3,685			6,258			14,979
Effect of foreign currency translation		(88	)		—			314			226
Balance at end of period	$	11,693		$	15,284		$	40,727		$	67,704
Liability for third-party lender-owned loans:
Balance at beginning of period	$	1,298		$	—		$	458		$	1,756
Decrease in liability		(393	)		—			(181	)		(574	)
Balance at end of period	$	905		$	—		$	277		$	1,182

	Three Months Ended March 31, 2015
	Short-term			Line of Credit			Installment Loans and
	Loans			Accounts			RPAs			Total
Allowance for losses for Company-owned loans and finance receivables:
Balance at beginning of period	$	14,324		$	19,749		$	30,875		$	64,948
Cost of revenue		12,512			7,813			18,876			39,201
Charge-offs		(19,778	)		(20,833	)		(29,882	)		(70,493	)
Recoveries		5,870			5,907			6,580			18,357
Effect of foreign currency translation		(184	)		(296	)		(313	)		(793	)
Balance at end of period	$	12,744		$	12,340		$	26,136		$	51,220
Liability for third-party lender-owned loans:
Balance at beginning of period	$	1,575		$	—		$	1		$	1,576
(Decrease) increase in liability		(669	)		—			38			(631	)
Balance at end of period	$	906		$	—		$	39		$	945