XML 60 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Finance Receivables (Tables)
 6 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
Summary of Finance Receivables Held for Investment
Finance receivables held for investment at June 30, 2014 and December 31, 2013, were comprised as follows:
 
June 30, 2014
 
Retail Installment Contracts Held for Investment
 
 
 
 
 
Loans
Acquired
Individually
 
Purchased
Receivables
Portfolios
 
Total
 
Receivables from
Dealers Held
for Investment
 
Unsecured
Consumer
Loans
Unpaid principal balance
$
23,675,889

 
$
1,272,807

 
$
24,948,696

 
$
85,885

 
$
1,448,709

Loan loss allowance (Note 3)
(2,668,587
)
 
(197,844
)
 
(2,866,431
)
 
(923
)
 
(212,954
)
Discount
(659,154
)
 
(13,679
)
 
(672,833
)
 
—

 
(3,067
)
Capitalized origination costs and fees
35,169

 
—

 
35,169

 
232

 
949

Net carrying balance
$
20,383,317

 
$
1,061,284

 
$
21,444,601

 
$
85,194

 
$
1,233,637

 
 
December 31, 2013
 
Retail Installment Contracts Held for Investment
 
 
 
 
 
Loans
Acquired
Individually
 
Purchased
Receivables
Portfolios
 
Total
 
Receivables from
Dealers Held
for Investment
 
Unsecured
Consumer
Loans
Unpaid principal balance
$
21,238,281

 
$
1,961,060

 
$
23,199,341

 
$
95,835

 
$
1,165,778

Loan loss allowance (Note 3)
(2,132,634
)
 
(226,356
)
 
(2,358,990
)
 
(1,090
)
 
(179,350
)
Discount
(573,462
)
 
(81,216
)
 
(654,678
)
 
—

 
(32,831
)
Capitalized origination costs and fees
33,936

 
—

 
33,936

 
—

 
592

Net carrying balance
$
18,566,121

 
$
1,653,488

 
$
20,219,609

 
$
94,745

 
$
954,189
Changes in Accretable Yield on Purchased Receivables Portfolios
Changes in accretable yield on the Company’s purchased receivables portfolios for the periods indicated were as follows:
 
For the Three Months Ended
 
For the Six Months Ended
 
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30, 2013
Balance — beginning of period
$
362,823

 
$
743,348

 
$
403,400

 
$
816,854

Accretion of accretable yield
(52,519
)
 
(112,513
)
 
(117,565
)
 
(247,712
)
Reclassifications from (to) nonaccretable difference
(5,050
)
 
(95,179
)
 
19,419

 
(33,486
)
Balance — end of period
$
305,254

 
$
535,656

 
$
305,254

 
$
535,656