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LOANS RECEIVABLE AND REVENUE (Tables)
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Summary of Revenue by Product
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
Summary of Loans Receivable by Product and Related Delinquent Loans
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
Summary of the Activity in the Allowance for Loan Losses
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 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
%
Summary of Activity in Credit Services Organization Guarantee Liability
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 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
Summary of Activity in Allowance for Loan Losses, Credit Services Organization Guarantee Liability

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

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