VARIABLE INTEREST ENTITIES

3 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES

We hold a credit facility whereby certain loan receivables are sold to wholly-owned, bankruptcy-remote special purpose subsidiaries (VIEs) and additional debt is incurred through the Non-Recourse U.S. SPV facility (See Note 5, "Long-Term Debt," for further discussion) that is collateralized by these underlying loan receivables.

We have determined that we are the primary beneficiary of the VIEs and are required to consolidate them. We include the assets and liabilities related to the VIEs in our Consolidated Financial Statements and we account for them as secured borrowings. We parenthetically disclose on our Consolidated Balance Sheets the VIEs’ assets that can only be used to settle the VIEs' obligations and liabilities if the VIEs’ creditors have no recourse against our general credit.

The carrying amounts of consolidated VIEs' assets and liabilities associated with our special purpose subsidiaries were as follows:

(in thousands)	March 31, 2018		December 31, 2017
Assets
Restricted Cash	$	12,268	$	6,871
Loans receivable less allowance for loan losses	149,873		167,706
Total Assets	$	162,141	$	174,577
Liabilities
Accounts payable and accrued liabilities	$	15	$	12
Accrued interest	1,263		1,266
Long-term debt	111,150		120,402
Total Liabilities	$	112,428	$	121,680