SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The following table illustrates summarized financial information concerning reportable segments (in millions):

	Three Months Ended March 31,
	2021		2020
Revenues by segment: (1)
U.S.	$	136.5	$	221.8
Canada Direct Lending	58.5		59.0
Canada POS Lending	1.6		—
Consolidated revenue	$	196.6	$	280.8
Net revenues by segment:
U.S.	$	110.4	$	135.7
Canada Direct Lending	49.2		31.6
Canada POS Lending	0.8		—
Consolidated net revenue	$	160.4	$	167.3
Gross margin by segment:
U.S.	$	71.1	$	87.5
Canada Direct Lending	30.2		12.2
Canada POS Lending	0.6		—
Consolidated gross margin	$	101.9	$	99.7
Segment operating (loss) income:
U.S.	$	14.7	$	33.5
Canada Direct Lending	22.2		4.5
Canada POS Lending	(2.8)		—
Consolidated operating income	$	34.1	$	38.0
Expenditures for long-lived assets by segment:
U.S.	$	2.7	$	4.3
Canada Direct Lending	0.1		0.6
Canada POS Lending	0.4		—
Consolidated expenditures for long-lived assets	$	3.2	$	4.9
(1) For revenue by product, see Note 3, "Loans Receivable and Revenue."

The following table provides the proportion of gross loans receivable by segment (in millions):

	March 31, 2021		December 31, 2020
U.S.	$	185.8	$	223.4
Canada Direct Lending	343.7		330.3
Canada POS Lending	201.5		—
Total gross loans receivable	$	731.0	$	553.7

Summary of Long-lived Assets by Geographic Region

The following table represents the Company's net long-lived assets, comprised of property and equipment, by segment. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located (in millions):

	March 31, 2021		December 31, 2020
U.S.	$	34.3	$	36.3
Canada Direct Lending	22.8		23.4
Canada POS Lending	0.5		—
Total net long-lived assets	$	57.6	$	59.7