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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income from continuing operations $ 88,213 $ 69,974
Adjustments to reconcile net income to net cash provided by continuing operating activities:    
Depreciation and amortization 19,685 13,312
Provision for loan losses 152,028 218,979
Amortization of debt issuance costs and bond discount 4,794 2,756
Loss on extinguishment of debt 40,206 0
Deferred income tax (benefit) expense (10,730) 14,187
Loss on disposal of property and equipment 6,816 145
Income from equity method investment (676) (2,653)
Gain from equity method investment (135,387) 0
Change in fair value of contingent consideration 3,825 0
Share-based compensation 10,148 9,896
Changes in operating assets and liabilities:    
Accrued interest on loans receivable 19,619 26,566
Prepaid expenses and other assets (2,989) 7,362
Accounts payable and accrued liabilities 16,591 (10,439)
Deferred revenue 10,084 (4,843)
Income taxes receivable 8,270 (23,790)
Accrued interest (9,017) (14,092)
Other long-term liabilities (770) 2,386
Net cash provided by continuing operating activities 220,710 309,746
Net cash provided by discontinued operating activities 0 1,714
Net cash provided by operating activities [1] 220,710 311,460
Cash flows from investing activities    
Purchase of property, equipment and software (14,924) (7,401)
Loans receivable originated or acquired (985,603) (951,803)
Loans receivable repaid 661,456 836,915
Proceeds from (Investment in) Katapult 146,878  
Proceeds from (Investment in) Katapult   (11,187)
Net cash used in continuing investing activities [1] (283,396) (147,894)
Cash flows from financing activities    
Debt issuance costs paid (15,957) (6,991)
Payments of call premiums from early debt extinguishments (31,250) 0
Proceeds from exercise of stock options 266 126
Payments to net settle restricted stock units vesting (1,818) (641)
Repurchase of common stock (17,191) (5,908)
Dividends paid to stockholders (11,497) (6,750)
Net cash provided by (used in) continuing financing activities [1] 66,707 (3,732)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (176) (257)
Net increase in cash, cash equivalents and restricted cash 3,845 159,577
Cash, cash equivalents and restricted cash at beginning of period 268,108 110,021
Cash, cash equivalents and restricted cash at end of period 271,953 269,598
Supplemental Cash Flow Elements [Abstract]    
Cash and cash equivalents 205,785 207,071
Restricted cash 66,168 62,527
Total cash, cash equivalents and restricted cash used in the Statement of Cash Flows 271,953 269,598
8.25% Senior Secured Notes    
Cash flows from financing activities    
Extinguishment of 8.25% Senior Secured Notes (690,000) 0
7.50% Senior Secured Notes    
Cash flows from financing activities    
Proceeds from credit facilities 750,000 0
Revolving Credit Facility | Non-Recourse Canada SPV And SPE Facilities | Line of Credit    
Cash flows from financing activities    
Proceeds from credit facilities 93,307 58,563
Payments on credit facilities (9,153) (42,131)
Revolving Credit Facility | Senior Revolver | Line of Credit    
Cash flows from financing activities    
Proceeds from credit facilities 20,931 69,853
Payments on credit facilities (20,931) (69,853)
Ad Astra    
Cash flows from investing activities    
Acquisition, net of cash received 0 (14,418)
Flexiti    
Cash flows from investing activities    
Acquisition, net of cash received $ (91,203) $ 0
[1] (1) Investing activities and Financing activities were not impacted by discontinued operations.