LOANS RECEIVABLE AND REVENUE

The following table summarizes revenue by product for the periods indicated:



	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2018		2017		2018		2017
Unsecured Installment	$	123,473	$	105,149	$	256,419	$	214,580
Secured Installment	25,777		23,173		52,633		46,842
Open-End	27,222		15,805		54,445		33,712
Single-Pay	61,602		63,241		125,307		127,031
Ancillary	10,909		9,576		21,937		19,359
Total revenue	$	248,983	$	216,944	$	510,741	$	441,524

The following tables summarize Loans receivable by product and the related delinquent loans receivable at June 30, 2018:



	June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	89,574		$	139,142		$	69,788		$	91,034		$	389,538
Delinquent loans receivable	—			40,272			14,817			—			55,089
Total loans receivable	89,574			179,414			84,605			91,034			444,627
Less: allowance for losses	(4,372		)	(35,279		)	(10,386		)	(9,717		)	(59,754		)
Loans receivable, net	$	85,202		$	144,135		$	74,219		$	81,317		$	384,873



	June 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	17,052	$	7,551	$	24,603
31-60 days past due	11,886		3,892		15,778
61-90 days past due	11,334		3,374		14,708
Total delinquent loans receivable	$	40,272	$	14,817	$	55,089

The following tables summarize Loans receivable by product and the related delinquent loans receivable at December 31, 2017:



	December 31, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	99,400		$	151,343		$	73,165		$	47,949		$	371,857
Delinquent loans receivable	—			44,963			16,017			—			60,980
Total loans receivable	99,400			196,306			89,182			47,949			432,837
Less: allowance for losses	(5,916		)	(43,754		)	(13,472		)	(6,426		)	(69,568		)
Loans receivable, net	$	93,484		$	152,552		$	75,710		$	41,523		$	363,269



	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	18,358	$	8,116	$	26,474
31-60 days past due	12,836		3,628		16,464
61-90 days past due	13,769		4,273		18,042
Total delinquent loans receivable	$	44,963	$	16,017	$	60,980

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at June 30, 2018:



	June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	56,055		$	2,379		$	58,434
Delinquent loans receivable guaranteed by the Company	10,318			428			10,746
Total loans receivable guaranteed by the Company	66,373			2,807			69,180
Less: CSO guarantee liability	(11,193		)	(426		)	(11,619		)
Loans receivable guaranteed by the Company, net	$	55,180		$	2,381		$	57,561



	June 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	8,835	$	362	$	9,197
31-60 days past due	1,043		39		1,082
61-90 days past due	440		27		467
Total delinquent loans receivable	$	10,318	$	428	$	10,746

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at December 31, 2017:



	December 31, 2017
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	62,676		$	3,098		$	65,774
Delinquent loans receivable guaranteed by the Company	12,480			537			13,017
Total loans receivable guaranteed by the Company	75,156			3,635			78,791
Less: CSO guarantee liability	(17,073		)	(722		)	(17,795		)
Loans receivable guaranteed by the Company, net	$	58,083		$	2,913		$	60,996



	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	10,477	$	459	$	10,936
31-60 days past due	1,364		41		1,405
61-90 days past due	639		37		676
Total delinquent loans receivable	$	12,480	$	537	$	13,017

The following table summarizes activity in the allowance for loan losses during the three months ended June 30, 2018:



	Three Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,485		$	37,916		$	11,639		$	6,846		$	—		$	60,886
Charge-offs	(44,817		)	(36,102		)	(11,082		)	(23,807		)	(593		)	(116,401		)
Recoveries	30,274			6,368			2,296			11,883			40			50,861
Net charge-offs	(14,543		)	(29,734		)	(8,786		)	(11,924		)	(553		)	(65,540		)
Provision for losses	14,527			27,434			7,533			14,848			553			64,895
Effect of foreign currency translation	(97		)	(337		)	—			(53		)	—			(487		)
Balance, end of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Allowance for loan losses as a percentage of gross loan receivables	4.9		%	19.7		%	12.3		%	10.7		%	N/A			13.4		%

The following table summarizes activity in the CSO guarantee liability during the three months ended June 30, 2018:



	Three Months Ended June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	9,886		$	526		$	10,412
Charge-offs	(33,017		)	(993		)	(34,010		)
Recoveries	7,350			776			8,126
Net charge-offs	(25,667		)	(217		)	(25,884		)
Provision for losses	26,974			117			27,091
Balance, end of period	$	11,193		$	426		$	11,619

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended June 30, 2018:



	Three Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,485		$	47,802		$	12,165		$	6,846		$	—		$	71,298
Charge-offs	(44,817		)	(69,119		)	(12,075		)	(23,807		)	(593		)	(150,411		)
Recoveries	30,274			13,718			3,072			11,883			40			58,987
Net charge-offs	(14,543		)	(55,401		)	(9,003		)	(11,924		)	(553		)	(91,424		)
Provision for losses	14,527			54,408			7,650			14,848			553			91,986
Effect of foreign currency translation	(97		)	(337		)	—			(53		)	—			(487		)
Balance, end of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373

The following table summarizes activity in the allowance for loan losses during the three months ended June 30, 2017:



	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,719		$	42,040		$	20,270		$	4,572		$	—		$	71,601
Charge-offs	(44,020		)	(24,574		)	(6,941		)	(8,447		)	(1,261		)	(85,243		)
Recoveries	30,190			5,716			1,787			4,104			777			42,574
Net charge-offs	(13,830		)	(18,858		)	(5,154		)	(4,343		)	(484		)	(42,669		)
Provision for losses	14,284			17,845			4,081			4,298			484			40,992
Effect of foreign currency translation	140			379			(1		)	(4		)	—			514
Balance, end of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Allowance for loan losses as a percentage of gross loan receivables	5.8		%	26.5		%	25.2		%	16.9		%	N/A			20.1		%

The following table summarizes activity in the CSO guarantee liability during the three months ended June 30, 2017:



	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	14		$	18,482		$	1,287		$	19,783
Charge-offs	(373		)	(33,166		)	(2,141		)	(35,680		)
Recoveries	354			5,857			814			7,025
Net charge-offs	(19		)	(27,309		)	(1,327		)	(28,655		)
Provision for losses	5			23,575			874			24,454
Balance, end of period	$	—		$	14,748		$	834		$	15,582

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended June 30, 2017:



	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,733		$	60,522		$	21,557		$	4,572		$	—		$	91,384
Charge-offs	(44,393		)	(57,740		)	(9,082		)	(8,447		)	(1,261		)	(120,923		)
Recoveries	30,544			11,573			2,601			4,104			777			49,599
Net charge-offs	(13,849		)	(46,167		)	(6,481		)	(4,343		)	(484		)	(71,324		)
Provision for losses	14,289			41,420			4,955			4,298			484			65,446
Effect of foreign currency translation	140			379			(1		)	(4		)	—			514
Balance, end of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020

The following table summarizes activity in the allowance for loan losses during the six months ended June 30, 2018:



	Six Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	43,754		$	13,472		$	6,426		$	—		$	69,568
Charge-offs	(92,524		)	(75,479		)	(22,567		)	(44,156		)	(1,268		)	(235,994		)
Recoveries	65,283			12,335			5,162			21,260			87			104,127
Net charge-offs	(27,241		)	(63,144		)	(17,405		)	(22,896		)	(1,181		)	(131,867		)
Provision for losses	25,829			54,911			14,319			26,276			1,181			122,516
Effect of foreign currency translation	(132		)	(242		)	—			(89		)	—			(463		)
Balance, end of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Allowance for loan losses as a percentage of gross loan receivables	4.9		%	19.7		%	12.3		%	10.7		%	N/A			13.4		%

The following table summarizes activity in the CSO guarantee liability during the six months ended June 30, 2018:



	Six Months Ended June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	17,073		$	722		$	17,795
Charge-offs	(74,736		)	(2,212		)	(76,948		)
Recoveries	18,326			1,945			20,271
Net charge-offs	(56,410		)	(267		)	(56,677		)
Provision for losses	50,530			(29		)	50,501
Balance, end of period	$	11,193		$	426		$	11,619

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the six months ended June 30, 2018:



	Six Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	60,827		$	14,194		$	6,426		$	—		$	87,363
Charge-offs	(92,524		)	(150,215		)	(24,779		)	(44,156		)	(1,268		)	(312,942		)
Recoveries	65,283			30,661			7,107			21,260			87			124,398
Net charge-offs	(27,241		)	(119,554		)	(17,672		)	(22,896		)	(1,181		)	(188,544		)
Provision for losses	25,829			105,441			14,290			26,276			1,181			173,017
Effect of foreign currency translation	(132		)	(242		)	—			(89		)	—			(463		)
Balance, end of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373

The following table summarizes activity in the allowance for loan losses during the six months ended June 30, 2017:



	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,501		$	17,775		$	10,737		$	5,179		$	—		$	39,192
Charge-offs	(88,905		)	(24,574		)	(6,941		)	(17,676		)	(2,400		)	(140,496		)
Recoveries	63,341			10,634			4,815			9,457			1,529			89,776
Net charge-offs	(25,564		)	(13,940		)	(2,126		)	(8,219		)	(871		)	(50,720		)
Provision for losses	25,178			37,154			10,585			7,563			871			81,351
Effect of foreign currency translation	198			417			—			—			—			615
Balance, end of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Allowance for loan losses as a percentage of gross loan receivables	5.8		%	26.5		%	25.2		%	16.9		%	N/A			20.1		%

The following table summarizes activity in the CSO guarantee liability during the six months ended June 30, 2017:



	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	274		$	15,630		$	1,148		$	17,052
Charge-offs	(1,886		)	(61,122		)	(5,303		)	(68,311		)
Recoveries	1,102			16,725			3,183			21,010
Net charge-offs	(784		)	(44,397		)	(2,120		)	(47,301		)
Provision for losses	510			43,515			1,806			45,831
Balance, end of period	$	—		$	14,748		$	834		$	15,582

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the six months ended June 30, 2017:



	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,775		$	33,405		$	11,885		$	5,179		$	—		$	56,244
Charge-offs	(90,791		)	(85,696		)	(12,244		)	(17,676		)	(2,400		)	(208,807		)
Recoveries	64,443			27,359			7,998			9,457			1,529			110,786
Net charge-offs	(26,348		)	(58,337		)	(4,246		)	(8,219		)	(871		)	(98,021		)
Provision for losses	25,688			80,669			12,391			7,563			871			127,182
Effect of foreign currency translation	198			417			—			—			—			615
Balance, end of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020