Business Segment (Tables)

12 Months Ended

Dec. 31, 2019

Business Segments

Summary of financial information of segments

The Company has elected to organize and report on its operations as two operating segments: Retail financial services and Internet financial services.

The following tables present summarized financial information for the Company’s segments:

	As of and for the Successor year ended December 31, 2019
	Retail				Internet				Unallocated
	Financial		% of		Financial		% of		(Income)				% of
	Services		Revenue		Services		Revenue		Expenses		Consolidated		Revenue
Total Assets	$	207,823			$	39,002					$	246,825
Goodwill		11,288				—						11,288
Other Intangible Assets		2,588				62						2,650
Total Revenues	$	290,067	100.0	%	$	44,794	100.0	%			$	334,861	100.0	%
Provision for Loan Losses		78,401	27.0	%		23,804	53.1	%				102,205	30.5	%
Depreciation and Amortization		24,004	8.3	%		—	—	%				24,004	7.2	%
Other Operating Expenses		134,175	46.3	%		5,296	11.8	%				139,471	41.6	%
Operating Gross Profit		53,487	18.4	%		15,694	35.1	%				69,181	20.7	%
Interest Expense, net		32,320	11.1	%		15,926	35.6	%				48,246	14.4	%
Depreciation and Amortization		5,572	1.9	%		190	0.4	%				5,762	1.7	%
Other Corporate Expenses (a)		—	—			—	—			67,891		67,891	20.3	%
Income (Loss) from Continuing Operations, before tax		15,595	5.4	%		(422)	(0.9)	%		(67,891)		(52,718)	(15.7)	%

(a) Represents expenses that are not allocated between reportable segments.

There were no intersegment revenues for the Successor year ending December 31, 2019.

	As of December 31, 2018 and for the Successor period from December 13 through December 31, 2018
	Retail				Internet				Unallocated
	Financial		% of		Financial		% of		(Income)				% of
	Services		Revenue		Services		Revenue		Expenses		Consolidated		Revenue
Total Assets	$	212,772			$	24,450					$	237,222
Goodwill		11,288				—						11,288
Other Intangible Assets		2,921				215						3,136
Total Revenues	$	16,556	100.0	%	$	2,424	100.0	%			$	18,980	100.0	%
Provision for Loan Losses		2,659	16.1	%		454	18.7	%				3,113	16.4	%
Depreciation and Amortization		334	2.0	%		—	—					334	1.8	%
Other Operating Expenses		6,774	40.9	%		190	7.9	%				6,964	36.7	%
Operating Gross Profit		6,789	41.0	%		1,780	73.4	%				8,569	45.1	%
Interest Expense, net		1,288	7.8	%		1,126	46.5	%				2,414	12.7	%
Depreciation and Amortization		849	5.1	%		18	0.7	%				867	4.6	%
Other Corporate Expenses (a)		—	—			—	—			3,650		3,650	19.2	%
Income (loss) from Continuing Operations, before tax		4,652	28.1	%		636	26.2	%		(3,650)		1,638	8.6	%

(a) Represents expenses that are not allocated between reportable segments. 

There were no  intersegment revenues for the Successor period ending December 31, 2018.

	For the Predecessor period from January 1 through December 12, 2018
	Retail				Internet				Unallocated
	Financial		% of		Financial		% of		(Income)				% of
	Services		Revenue		Services		Revenue		Expenses		Consolidated		Revenue
Total Revenues	$	278,659	100.0	%	$	48,599	100.0	%			$	327,258	100.0	%
Provision for Loan Losses		75,025	26.9	%		22,073	45.4	%				97,098	29.6	%
Depreciation and Amortization		7,695	2.8	%		—	—					7,695	2.3	%
Other Operating Expenses		129,174	46.4	%		6,019	12.4	%				135,193	41.4	%
Operating Gross Profit		66,765	24.0	%		20,507	42.2	%				87,272	26.7	%
Interest Expense, net		36,226	13.0	%		14,534	29.9	%				50,760	15.5	%
Depreciation and Amortization		3,965	1.4	%		353	0.7	%				4,318	1.3	%
Transaction expenses (a)		—	—			—	—			6,941		6,941	2.1	%
Loss on Debt Extinguishment (a)		—	—			—	—			10,832		10,832	3.3	%
Other Corporate Expenses (a)		—	—			—	—			65,677		65,677	20.1	%
Income (loss) from Continuing Operations, before tax		26,574	9.5	%		5,620	11.6	%		(83,450)		(51,256)	(15.7)	%

Represents expenses that are not allocated between reportable segments.