Finance Receivables, Credit Quality Information (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2019

Dec. 31, 2018

Finance Receivables, Credit Quality Information

Schedule of finance receivables representing amounts due from customers for advances


	March 31,		December 31,
	2019		2018
Short-term consumer loans:
Secured	$	6,879	$	6,908
Unsecured		44,404		46,871
Total short-term consumer loans		51,283		53,779
Medium-term consumer loans
Secured		4,222		4,936
Unsecured		24,650		31,093
Total medium-term consumer loans		28,872		36,029
Total gross receivables		80,155		89,808
Unearned advance fees, net of deferred loan origination costs		(1,993)		(1,970)
Finance receivables before allowance for loan losses		78,162		87,838
Allowance for loan losses		(6,039)		(3,474)
Finance receivables, net	$	72,123	$	84,364

Finance receivables, net
Current portion	$	69,721	$	81,093
Non-current portion		2,402		3,271
Total finance receivables, net	$	72,123	$	84,364


	December 31,		December 31,
	2018		2017
	Successor		Predecessor
Short-term consumer loans:
Secured	$	6,908	$	9,608
Unsecured		46,871		56,857
Total short-term consumer loans		53,779		66,465
Medium-term consumer loans
Secured		4,936		5,932
Unsecured		31,093		40,971
Total medium-term consumer loans		36,029		46,903
Total gross receivables		89,808		113,368
Unearned advance fees, net of deferred loan origination costs		(1,970)		(2,702)
Finance receivables before allowance for loan losses		87,838		110,666
Allowance for loan losses		(3,474)		(16,327)
Finance receivables, net	$	84,364	$	94,339

Finance receivables, net
Current portion	$	81,093	$	89,707
Non-current portion		3,271		4,632
Total finance receivables, net	$	84,364	$	94,339

Schedule of changes in the allowance for loan losses by product type

Note 2. Finance Receivables, Credit Quality Information and Allowance for Loan Losses


													Allowance as
	Balance								Balance		Receivables		a percentage
	1/1/2018		Provision		Charge-Offs		Recoveries		3/31/2018		3/31/2018		of receivables
Short-term consumer loans	$	2,697	$	8,159	$	(18,424)	$	9,886	$	2,318	$	52,115	4.45	%
Medium-term consumer loans		13,630		8,397		(11,067)		1,525		12,485		36,860	33.87	%
	$	16,327	$	16,556	$	(29,491)	$	11,411	$	14,803	$	88,975	16.64	%


													Allowance as
	Balance								Balance		Receivables		a percentage
	1/1/2017		Provision		Charge-Offs		Recoveries		3/31/2017		3/31/2017		of receivables
Short-term consumer loans	$	2,223	$	6,433	$	(19,134)	$	12,324	$	1,846	$	51,325	3.60	%
Medium-term consumer loans		13,996		7,221		(11,979)		1,925		11,163		41,185	27.10	%
	$	16,219	$	13,654	$	(31,113)	$	14,249	$	13,009	$	92,510	14.06	%

Changes in the allowance for the loan losses by product type for the Successor period ended December 31, 2018 are as follows:


													Allowance as
	Balance								Balance		Receivables		a percentage
	12/13/2018		Provision		Charge-Offs		Recoveries		12/31/2018		12/31/2018		of receivables
Short-term consumer loans	$	—	$	1,180	$	(1,038)	$	1,876	$	2,018	$	53,779	3.75	%
Medium-term consumer loans		—		799		—		657		1,456		36,029	4.04	%
	$	—	$	1,979	$	(1,038)	$	2,533	$	3,474	$	89,808	3.87	%

Changes in the allowance for the loan losses by product type for the Predecessor period ended December 12, 2018 are as follows:


													Allowance as
	Balance								Balance		Receivables		a percentage
	1/1/2018		Provision		Charge-Offs		Recoveries		12/12/2018		12/12/2018		of receivables
Short-term consumer loans	$	2,697	$	38,012	$	(69,716)	$	31,825	$	2,818	$	60,780	4.64	%
Medium-term consumer loans		13,630		29,815		(33,911)		4,027		13,561		40,600	33.40	%
	$	16,327	$	67,827	$	(103,627)	$	35,852	$	16,379	$	101,380	16.16	%

Changes in the allowance for the loan losses by product type for the Predecessor year ended December 31, 2017 are as follows:


													Allowance as
	Balance								Balance		Receivables		a percentage
	1/1/2017		Provision		Charge-Offs		Recoveries		12/31/2017		12/31/2017		of receivable
Short-term consumer loans	$	2,223	$	46,240	$	(91,072)	$	45,306	$	2,697	$	66,465	4.06	%
Medium-term consumer loans		13,996		51,329		(57,263)		5,568		13,630		46,903	29.06	%
	$	16,219	$	97,569	$	(148,335)	$	50,874	$	16,327	$	113,368	14.40	%

Changes in the allowance for the loan losses by product type for the Predecessor year ended December 31, 2016 are as follows:


													Allowance as
	Balance								Balance		Receivables		a percentage
	1/1/2017		Provision		Charge-Offs		Recoveries		9/30/2017		12/31/2016		of receivable
Short-term consumer loans	$	2,223	$	30,264	$	(65,063)	$	35,458	$	2,882	$	67,616	4.26	%
Medium-term consumer loans		13,996		29,008		(33,488)		4,718		14,234		56,387	25.24	%
	$	16,219	$	59,272	$	(98,551)	$	40,176	$	17,116	$	124,003	13.80	%

Schedule of changes in the accrual for third-party lender losses


		Three Months Ended March 31,
	2019		2018
	Successor		Predecessor

Short-term balance, beginning of period	$	4,454	$	4,570
Provision for loan losses		2,857		4,938
Charge-offs, net		(4,410)		(5,928)
Short-term balance, end of period	$	2,901	$	3,580

Medium-term balance, beginning of period	$	59	$	248
Provision for loan losses		2,901		79
Charge-offs, net		(7)		(139)
Medium-term balance, end of period	$	2,953	$	188

Total balance, beginning of period	$	4,513	$	4,818
Provision for loan losses		5,758		5,017
Charge-offs, net		(4,417)		(6,067)
Total balance, end of period	$	5,854	$	3,768

Changes in the accrual for third-party lender losses for the Successor period ended December 31, 2018, and the Predecessor period ended December 12, 2018, and for the Predecessor years ended December 31, 2017, and 2016 were as follows:


	December 31,		December 12,		Years Ended December 31,
	2018		2018		2017		2016
	Successor		Predecessor		Predecessor		Predecessor

Short-term balance, beginning of period	$	4,379	$	4,571	$	2,907	$	2,390
Provision for loan losses		947		24,045		32,277		24,261
Charge-offs, net		(872)		(24,237)		(30,613)		(23,744)
Short-term balance, end of period	$	4,454	$	4,379	$	4,571	$	2,907

Medium-term balance, beginning of period	$	62	$	247	$	192	$	220
Provision for loan losses		-		213		389		903
Charge-offs, net		(3)		(398)		(334)		(931)
Medium-term balance, end of period	$	59	$	62	$	247	$	192

Total balance, beginning of period	$	4,441	$	4,818	$	3,099	$	2,610
Provision for loan losses		947		24,258		32,666		25,164
Charge-offs, net		(875)		(24,635)		(30,947)		(24,675)
Total balance, end of period	$	4,513	$	4,441	$	4,818	$	3,099

Schedule of aging of receivables


	March 31, 2019				December 31, 2018
Current finance receivables	$	73,126	91.2	%	$	81,097	90.3	%
Past due finance receivables (1 - 30 days)
Secured short-term consumer loans		606	0.8	%		629	0.7	%
Unsecured hurt-term consumer loans		396	0.5	%		449	0.5	%
Short-term consumer loans		1,002	1.3	%		1,078	1.2	%
Secured medium-term consumer loans		761	0.9	%		898	1.0	%
Unsecured medium-term consumer loans		3,058	3.8	%		3,772	4.2	%
Medium-term consumer loans		3,819	4.7	%		4,670	5.2	%
Total past due finance receivables (1 - 30 days)		4,821	6.0	%		5,748	6.4	%
Past due finance receivables (31 - 60 days)
Secured medium-term consumer loans		243	0.3	%		269	0.3	%
Unsecured medium-term consumer loans		1,727	2.2	%		2,425	2.7	%
Medium-term consumer loans		1,970	2.5	%		2,694	3.0	%
Total past due finance receivables (31 - 60 days)		1,970	2.5	%		2,694	3.0	%
Past due finance receivables (61 - 90 days)
Secured medium-term consumer loans		2	0.0	%		18	0.0	%
Unsecured medium-term consumer loans		236	0.3	%		251	0.3	%
Medium-term consumer loans		238	0.3	%		269	0.3	%
Total past due finance receivables (61 - 90 days)		238	0.3	%		269	0.3	%
Total delinquent		7,029	8.8	%		8,711	9.7	%
	$	80,155	100.0	%	$	89,808	100.0	%

The aging of receivables at December 31, 2018 and 2017 are as follows :


	December 31, 2018				December 31, 2017
	Successor				Predecessor
Current finance receivables	$	81,097	90.3	%	$	101,102	89.2	%
Past due finance receivables (1 - 30 days)
Secured short-term consumer loans		629	0.7	%		1,385	1.2	%
Unsecured short-term consumer loans		449	0.5	%		661	0.6	%
Short-term consumer loans		1,078	1.2	%		2,046	1.8	%
Secured medium-term consumer loans		898	1.0	%		428	0.3	%
Unsecured medium-term consumer loans		3,772	4.2	%		6,074	5.4	%
Medium-term consumer loans		4,670	5.2	%		6,502	5.7	%
Total past due finance receivables (1 - 30 days)		5,748	6.4	%		8,548	7.5	%
Past due finance receivables (31 - 60 days)
Secured medium-term consumer loans		269	0.3	%		197	0.2	%
Unsecured medium-term consumer loans		2,425	2.7	%		2,933	2.6	%
Medium-term consumer loans		2,694	3.0	%		3,130	2.8	%
Total past due finance receivables (31 - 60 days)		2,694	3.0	%		3,130	2.8	%
Past due finance receivables (61 - 90 days)
Secured medium-term consumer loans						-	-	%
Unsecured medium-term consumer loans		18	-	%		588	0.5	%
Medium-term consumer loans		251	0.3	%		588	0.5	%
Total past due finance receivables (61 - 90 days)		269	0.3	%		588	0.5	%
Total delinquent		8,711	9.7	%		12,266	10.8	%
	$	89,808	100.0	%	$	113,368	100.0	%