SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenues by segment: (1)
U.S.	$	131,674	$	132,848	$	386,960	$	491,936
Canada Direct Lending	66,190		49,155		186,510		153,382
Canada POS Lending	11,416		—		20,054		—
Consolidated revenue	$	209,280	$	182,003	$	593,524	$	645,318
Net revenues by segment:
U.S.	$	83,244	$	89,363	$	278,852	$	320,880
Canada Direct Lending	52,187		37,890		154,717		105,459
Canada POS Lending	3,131		—		7,927		—
Consolidated net revenue	$	138,562	$	127,253	$	441,496	$	426,339
Gross margin by segment:
U.S.	$	39,228	$	43,384	$	157,614	$	187,784
Canada Direct Lending	32,188		20,186		96,271		51,984
Canada POS Lending	2,508		—		6,702		—
Consolidated gross margin	$	73,924	$	63,570	$	260,587	$	239,768
Segment operating (loss) income:
U.S.	$	(62,099)	$	(696)	$	75,909	$	44,587
Canada Direct Lending	23,744		12,755		71,334		27,570
Canada POS Lending	(17,059)		—		(29,789)		—
Consolidated operating income	$	(55,414)	$	12,059	$	117,454	$	72,157
Expenditures for long-lived assets by segment:
U.S.	$	4,402	$	2,273	$	9,226	$	6,801
Canada Direct Lending	481		67		991		764
Canada POS Lending	2,603		—		5,134		—
Consolidated expenditures for long-lived assets	$	7,486	$	2,340	$	15,351	$	7,565
(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):

	September 30, 2021		December 31, 2020
U.S.	$	189,183	$	223,451
Canada Direct Lending	390,824		330,271
Canada POS Lending	302,349		—
Total gross loans receivable	$	882,356	$	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):

	September 30, 2021		December 31, 2020
U.S.	$	26,333	$	36,258
Canada Direct Lending	21,076		23,491
Canada POS Lending	592		—
Total net long-lived assets	$	48,001	$	59,749