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Loan Receivables Held for Sale (Tables)
 6 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Activity in the balance of loan receivables held for sale
The following table summarizes the activity in the balance of loan receivables held for sale at lower of cost or fair value during the periods indicated.
 
Six Months Ended June 30,
2018
 
2017
 
 
 
 
Beginning balance
$
73,606

 
$
41,268

Additions
43,085

 
73,235

Proceeds from sales and customer payments(1)
(71,687
)
 
(28,691
)
Loss on sale
—

 
(88
)
Decrease/(increase) in valuation allowance
(220
)
 
—

Transfers(2)
24

 
(1,688
)
Write offs and other(3)
(1,319
)
 
(1,786
)
Ending balance
$
43,489

 
$
82,250

(1) 
Customer payments include accrued interest and fees, recoveries of previously charged-off loan receivables held for sale, as well as proceeds from transferring our rights to Charged-Off Receivables attributable to loan receivables held for sale. We retain servicing arrangements on sold loan receivables with the same terms and conditions as loans that are originated by our Bank Partners. Income from loan receivables held for sale activities is recorded within interest income and other gains in the Unaudited Consolidated Statements of Operations. We sold loan receivables held for sale to certain Bank Partners on the following dates during the six months ended June 30, 2018 and 2017:
2018
 
Amount
 
2017
 
Amount
May 21
 
$
9,552

 
June 29
 
$
17,900

June 27
 
50,614

 
 
 
 
Total
 
$
60,166

 
Total
 
$
17,900


(2) 
We temporarily hold certain loan receivables, which are originated by a Bank Partner, while non-originating Bank Partner eligibility is being determined. Once we determine that a loan receivable meets the investment requirements of an eligible Bank Partner, we transfer the loan to the Bank Partner at cost plus any accrued interest. The reported amount also includes loans that have been placed on non-accrual and non-payment status while we investigate consumer loan balance inquiries.
(3) 
We received recovery payments of $17 and $104 during the three months ended June 30, 2018 and 2017, respectively, and $33 and $189 during the six months ended June 30, 2018 and 2017, respectively, which are included within other income/(expense), net in the Unaudited Consolidated Statements of Operations. During the three and six months ended June 30, 2018, write offs and other were reduced by $17 and $171, respectively, related to cash proceeds received from transferring our rights to Charged-Off Receivables attributable to loan receivables held for sale. The cash proceeds received were recorded within other income/(expense), net in the Unaudited Consolidated Statements of Operations. There were no cash proceeds received for Charged-Off Receivable transfers during the first six months of 2017.
Accounts receivable consisted of the following as of the dates indicated.
 
Accounts
Receivable,
Gross
 
Allowance
for
Losses
 
Accounts
Receivable,
Net
June 30, 2018
 
 
 
 
 
Transaction related
$
19,508

 
$
(424
)
 
$
19,084

Servicing related
1,340

 
—

 
1,340

Total
$
20,848

 
$
(424
)
 
$
20,424

 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
Transaction related
$
15,997

 
$
(276
)
 
$
15,721

Servicing related
2,637

 
—

 
2,637

Total
$
18,634

 
$
(276
)
 
$
18,358
Activities associated with loan receivable sales and servicing activities
The following table presents activities associated with our loan receivable sales and servicing activities during the periods indicated.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
Gain/(loss) on sold loan receivables held for sale
$
—

 
$
(88
)
 
$
—

 
$
(88
)
Cash Flows
 
 
 
 
 
 
 
Sales of loans
$
60,166

 
$
17,900

 
$
60,166

 
$
17,900

Servicing fees
533

 
811

 
1,099

 
1,711
Principal balances of sold loan receivables
The following table presents information about the principal balances of sold loan receivables that are not recorded in our Unaudited Consolidated Balance Sheets, but with which we have a continuing involvement through our servicing arrangements with our Bank Partners. The sold loan receivables are pooled with other loans originated by the Bank Partners for purposes of determining escrow balances and incentive payments. The escrow balances represent our only direct exposure to potential losses associated with these sold loan receivables.
 
June 30, 2018
 
December 31, 2017
 
 
 
 
Total principal balance
$
322,661

 
$
305,748

Delinquent loans (unpaid principal balance)
14,926

 
20,409

 
Three Months Ended June 30,
 
Six Months Ended June 30,
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
Net charge-offs (unpaid principal balance)
$
1,787

 
$
1,353

 
$
4,712

 
$
3,005