3. Finance Receivables (Tables)

12 Months Ended

Dec. 31, 2012

Finance Receivables Tables

Financial Receivables

The following table presents the components of Finance Receivables, net of unearned interest:

	December 31,
	2012			2011
Finance Receivables	(In thousands)
Automobile finance receivables, net of unearned interest	$	795,786		$	536,773
Less: Unearned acquisition fees and discounts		(31,443	)		(20,143	)
Finance Receivables	$	764,343		$	516,630

Delinquency status of finance receivables

	December 31,
	2012		2011
	(In thousands)
Delinquency Status
Current	$	764,741	$	512,802
31 - 60 days		16,925		9,344
61 - 90 days		9,019		6,034
91 + days		5,101		8,593
	$	795,786	$	536,773

Allowance for credit losses

The following table presents a summary of the activity for the allowance for finance credit losses, for the years ended December 31, 2012 and 2011:

	December 31,
	2012			2011
	(In thousands)
Balance at beginning of year	$	10,351		$	13,168
Provision for credit losses		33,495			15,508
Charge-offs		(37,638	)		(35,516	)
Recoveries		13,386			17,191
Balance at end of year	$	19,594		$	10,351

Allowance for losses on repossessed inventory

The following table presents a summary of such repossessed inventory together with the allowance for losses on repossessed inventory:

	December 31,
	2012			2011
	(In thousands)
Gross balance of repossessions in inventory	$	12,102		$	9,246
Allowance for losses on repossessed inventory		(6,384	)		(4,765	)
Net repossessed inventory included in other assets	$	5,718		$	4,481