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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:      
Net (loss) income from continuing operations $ 21,117 $ (142,585) $ 12,098
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization   16,119 17,070
Provision for losses 65,020 161,128 277,421
Amortization of debt issuance costs and bond discount   13,076 2,943
Extinguishment or modification of debt costs 3,702 8,864 3,702
Deferred income tax benefit   22,482 (15,470)
(Gain) loss on disposal of property and equipment   (19) 60
Gain on disposal of Legacy U.S. Direct Lending Business   0 (68,443)
Loss from equity method investment 2,309 7,000 2,053
Share-based compensation   4,352 8,465
Changes in operating assets and liabilities:      
Accrued interest on loans receivable   (4,608) 52,785
Prepaid expenses and other assets   8,281 8,029
Accounts payable and accrued liabilities   17,885 (50,246)
Deferred revenue   (1,107) 4,956
Income taxes payable   2,558 (679)
Income taxes receivable   (34,052) 17,544
Accrued interest   (12,492) (17,827)
Other long-term liabilities   (28,776) (4,363)
Net cash provided by continuing operating activities   38,106 250,098
Net cash (used in) provided by discontinued operating activities   (18,525) 45,633
Net cash provided by operating activities   19,581 295,731
Cash flows from investing activities:      
Purchase of property, equipment and software   (9,213) (19,160)
Loans receivable originated or acquired   (675,321) (1,109,119)
Loans receivable repaid   568,752 631,430
Divestiture of Legacy U.S. Direct Lending Business, net of cash provided   (2,027) 288,980
Acquisition of First Heritage, net of acquiree's cash received   0 (131,012)
Net cash used in continuing investing activities   (117,809) (338,881)
Net cash used in discontinued investing activities   (84,994) (290,411)
Net cash used in investing activities   (202,803) (629,292)
Cash flows from financing activities      
Debt issuance costs paid   (27,436) (9,801)
Payments to net share settle equity awards   (959) (2,930)
Repurchase of common stock   0 (13,531)
Dividends paid to stockholders   (473) (13,691)
Net cash provided by continuing financing activities   105,965 85,300
Net cash used in discontinued financing activities   47,828 282,350
Net cash provided by financing activities   153,793 367,650
Effect of exchange rate changes on cash, cash equivalents and restricted cash   120 (6,461)
Net increase (decrease) in cash, cash equivalents and restricted cash   (29,309) 27,628
Cash, cash equivalents and restricted cash at beginning of period   165,677 162,075
Cash, cash equivalents and restricted cash at end of period 189,703 136,368 189,703
Supplemental Cash Flow Elements [Abstract]      
Cash and cash equivalents 40,068 82,550 40,068
Restricted cash 66,962 53,818 66,962
Restricted cash, discontinued operations 77,058   77,058
Cash and cash equivalents, discontinued operations 5,615   5,615
Cash, discontinued operations 82,673 0 82,673
Total cash, cash equivalents and restricted cash used in the Statement of Cash Flows 189,703 136,368 189,703
Variable Interest Entity      
Supplemental Cash Flow Elements [Abstract]      
Restricted cash $ 20,263 24,613 20,263
SPV and SPE Facilities      
Cash flows from financing activities      
Proceeds from credit facilities   185,917 822,590
Payments on credit facilities   (166,084) (697,337)
Senior Revolver      
Cash flows from financing activities      
Proceeds from credit facilities   155,000 137,812
Payments on credit facilities   $ (40,000) $ (137,812)