2. Finance Receivables (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Schedule of financial receivables

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

	June 30,		December 31,
	2019		2018
	(In thousands)
Finance receivables
Automobile finance receivables, net of unearned interest	$	1,177,484	$	1,518,395
Unearned acquisition fees and originations costs		2,769		3,690
Finance receivables	$	1,180,253	$	1,522,085

Schedule of delinquency status of finance receivables

The following table summarizes the delinquency status of finance receivables as of June 30, 2019 and December 31, 2018:

	June 30,		December 31,
	2019		2018
	(In thousands)
Delinquency Status
Current	$	948,130	$	1,262,730
31 - 60 days		135,066		157,688
61 - 90 days		65,294		66,134
91 + days		28,994		31,843
	$	1,177,484	$	1,518,395

Schedule of allowance for credit losses

The following table presents a summary of the activity for the allowance for finance credit losses for the three-month and six-month periods ended June 30, 2019 and 2018:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
		2019			2018			2019			2018
		(In thousands)						(In thousands)
Balance at beginning of period	$	48,196		$	100,844		$	67,376		$	109,187
Provision for credit losses on finance receivables		20,489			35,531			44,445			76,038
Charge-offs		(50,409	)		(53,493	)		(102,919	)		(109,595	)
Recoveries		14,388			11,494			23,762			18,746
Balance at end of period	$	32,664		$	94,376		$	32,664		$	94,376

Schedule of allowance for losses on repossessed inventory

The following table presents a summary of such repossessed inventory together with the allowance for losses in repossessed inventory that is not included in the allowance for finance credit losses:

	June 30,			December 31,
	2019			2018
	(In thousands)
Gross balance of repossessions in inventory	$	32,359		$	33,462
Allowance for losses on repossessed inventory		(23,886	)		(24,564	)
Net repossessed inventory included in other assets	$	8,473		$	8,898