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4. Finance Receivables Measured at Fair Value
12 Months Ended
Dec. 31, 2012
Finance Receivables Measured At Fair Value  
Note 4 - Finance Receivables Measured at Fair Value

In September 2011 we purchased approximately $217.8 million of finance receivables from Fireside Bank. These receivables are recorded on our balance sheet at fair value.

 

The following table presents the components of Finance Receivables measured at fair value and includes $703,000 and $1.5 million in repossessed inventory at December 31, 2012 and December 31, 2011, respectively:

 

    December 31,     December 31,  
    2012     2011  
Finance Receivables Measured at Fair Value   (In thousands)  
             
Finance receivables and accrued interest, net of unearned interest   $ 60,804     $ 172,167  
Less: Fair value adjustment     (1,136 )     (11,914 )
Finance receivables measured at fair value   $ 59,668     $ 160,253  

  

The following table summarizes the delinquency status of finance receivables measured at fair value as of December 31, 2012 and December 31, 2011:

 

    December 31,     December 31,  
    2012     2011  
    (In thousands)  
Delinquency Status                
Current   $ 57,556     $ 164,625  
31 - 60 days     2,206       4,872  
61 - 90 days     710       1,767  
91 + days     332       903  
    $ 60,804     $ 172,167