LOANS RECEIVABLE AND REVENUE

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



	Three Months Ended March 31,
(in thousands)	2018		2017
Unsecured Installment	$	132,946	$	109,431
Secured Installment	26,856		23,669
Open-End	27,223		17,907
Single-Pay	63,705		63,790
Ancillary	11,028		9,783
Total revenue	$	261,758	$	224,580

The following tables summarize Loans receivable by product and the related delinquent loans receivable at March 31, 2018:



	March 31, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	87,075		$	132,159		$	65,448		$	51,564		$	336,246
Delinquent loans receivable	—			39,273			14,319			—			53,592
Total loans receivable	87,075			171,432			79,767			51,564			389,838
Less: allowance for losses	(4,485		)	(37,916		)	(11,639		)	(6,846		)	(60,886		)
Loans receivable, net	$	82,590		$	133,516		$	68,128		$	44,718		$	328,952



	March 31, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	13,133	$	6,274	$	19,407
31-60 days past due	12,500		4,366		16,866
61-90 days past due	13,640		3,679		17,319
Total delinquent loans receivable	$	39,273	$	14,319	$	53,592

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 consumer 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		)
Consumer 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 March 31, 2018:



	March 31, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	45,922		$	2,329		$	48,251
Delinquent loans receivable guaranteed by the Company	8,410			437			8,847
Total loans receivable guaranteed by the Company	54,332			2,766			57,098
Less: CSO guarantee liability	(9,886		)	(526		)	(10,412		)
Loans receivable guaranteed by the Company, net	$	44,446		$	2,240		$	46,686



	March 31, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	6,358	$	379	$	6,737
31-60 days past due	1,078		30		1,108
61-90 days past due	974		28		1,002
Total delinquent loans receivable	$	8,410	$	437	$	8,847

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 March 31, 2018:



	Three Months Ended March 31, 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	(47,707		)	(39,377		)	(11,485		)	(20,349		)	(675		)	(119,593		)
Recoveries	35,009			5,967			2,866			9,377			47			53,266
Net charge-offs	(12,698		)	(33,410		)	(8,619		)	(10,972		)	(628		)	(66,327		)
Provision for losses	11,302			27,477			6,786			11,428			628			57,621
Effect of foreign currency translation	(35		)	95			—			(36		)	—			24
Balance, end of period	$	4,485		$	37,916		$	11,639		$	6,846		$	—		$	60,886
Allowance for loan losses as a percentage of gross loan receivables	5.2		%	22.1		%	14.6		%	13.3		%	N/A			15.6		%

The following table summarizes activity in the CSO guarantee liability during the three months ended March 31, 2018:



	Three Months Ended March 31, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	17,073		$	722		$	17,795
Charge-offs	(41,719		)	(1,219		)	(42,938		)
Recoveries	10,976			1,169			12,145
Net charge-offs	(30,743		)	(50		)	(30,793		)
Provision for losses	23,556			(146		)	23,410
Balance, end of period	$	9,886		$	526		$	10,412

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended March 31, 2018:



	Three Months Ended March 31, 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	(47,707		)	(81,096		)	(12,704		)	(20,349		)	(675		)	(162,531		)
Recoveries	35,009			16,943			4,035			9,377			47			65,411
Net charge-offs	(12,698		)	(64,153		)	(8,669		)	(10,972		)	(628		)	(97,120		)
Provision for losses	11,302			51,033			6,640			11,428			628			81,031
Effect of foreign currency translation	(35		)	95			—			(36		)	—			24
Balance, end of period	$	4,485		$	47,802		$	12,165		$	6,846		$	—		$	71,298

The following table summarizes activity in the allowance for loan losses during the three months ended March 31, 2017:



	Three Months Ended March 31, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,425		$	17,853		$	10,737		$	5,179		$	—		$	39,194
Charge-offs	(44,885		)	—			—			(9,229		)	(1,139		)	(55,253		)
Recoveries	33,227			4,840			3,028			5,353			752			47,200
Net charge-offs	(11,658		)	4,840			3,028			(3,876		)	(387		)	(8,053		)
Provision for losses	10,894			19,309			6,504			3,265			387			40,359
Effect of foreign currency translation	58			38			1			4			—			101
Balance, end of period	$	4,719		$	42,040		$	20,270		$	4,572		$	—		$	71,601
Allowance for loan losses as a percentage of gross loan receivables	5.9		%	32.0		%	30.0		%	17.8		%	N/A			23.5		%

The following table summarizes activity in the CSO guarantee liability during the three months ended March 31, 2017:



	Three Months Ended March 31, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	274		$	15,630		$	1,148		$	17,052
Charge-offs	(1,821		)	(27,647		)	(3,163		)	(32,631		)
Recoveries	659			10,957			2,371			13,987
Net charge-offs	(1,162		)	(16,690		)	(792		)	(18,644		)
Provision for losses	904			19,542			931			21,377
Balance, end of period	$	16		$	18,482		$	1,287		$	19,785

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended March 31, 2017:



	Three Months Ended March 31, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,699		$	33,483		$	11,885		$	5,179		$	—		$	56,246
Charge-offs	(46,706		)	(27,647		)	(3,163		)	(9,229		)	(1,139		)	(87,884		)
Recoveries	33,886			15,797			5,399			5,353			752			61,187
Net charge-offs	(12,820		)	(11,850		)	2,236			(3,876		)	(387		)	(26,697		)
Provision for losses	11,798			38,851			7,435			3,265			387			61,736
Effect of foreign currency translation	58			38			1			4			—			101
Balance, end of period	$	4,735		$	60,522		$	21,557		$	4,572		$	—		$	91,386