SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Summary of Financial Information by Segment

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Revenues by segment: (1)
U.S.	$	118,794	$	137,320	$	255,286	$	359,088
Canada Direct Lending	61,880		45,189		120,320		104,227
Canada POS Lending	7,019		—		8,638		—
Consolidated revenue	$	187,693	$	182,509	$	384,244	$	463,315
Net revenues by segment:
U.S.	$	85,172	$	95,790	$	195,608	$	231,517
Canada Direct Lending	53,324		36,026		102,530		67,569
Canada POS Lending	4,032		—		4,796		—
Consolidated net revenue	$	142,528	$	131,816	$	302,934	$	299,086
Gross margin by segment:
U.S.	$	47,246	$	56,860	$	118,386	$	144,400
Canada Direct Lending	33,863		19,639		64,083		31,798
Canada POS Lending	3,542		—		4,194		—
Consolidated gross margin	$	84,651	$	76,499	$	186,663	$	176,198
Segment operating (loss) income:
U.S.	$	123,277	$	11,857	$	138,008	$	45,283
Canada Direct Lending	25,343		10,291		47,590		14,815
Canada POS Lending	(9,931)		—		(12,730)		—
Consolidated operating income	$	138,689	$	22,148	$	172,868	$	60,098
Expenditures for long-lived assets by segment:
U.S.	$	2,162	$	248	$	4,824	$	4,528
Canada Direct Lending	361		144		510		697
Canada POS Lending	2,112		—		2,531		—
Consolidated expenditures for long-lived assets	$	4,635	$	392	$	7,865	$	5,225
(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 thousands):

	June 30, 2021		December 31, 2020
U.S.	$	186,511	$	223,451
Canada Direct Lending	361,264		330,271
Canada POS Lending	221,453		—
Total gross loans receivable	$	769,228	$	553,722

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 thousands):

	June 30, 2021		December 31, 2020
U.S.	$	28,399	$	36,258
Canada Direct Lending	22,270		23,491
Canada POS Lending	501		—
Total net long-lived assets	$	51,170	$	59,749