(2) Finance Receivables (Tables)

9 Months Ended

Sep. 30, 2020

Finance Receivables

Schedule of finance receivables

	September 30,		December 31,
	2020		2019
	(In thousands)
Finance receivables
Automobile finance receivables, net of unearned interest	$	576,227	$	895,566
Unearned acquisition fees and originations costs		1,054		1,964
Finance receivables	$	577,281	$	897,530

Schedule of amortized cost basis of finance receivables

	September 30,		December 31,
	2020		2019
	(In thousands)
Delinquency Status
Current	$	490,096	$	698,870
31 - 60 days		57,463		107,951
61 - 90 days		21,760		57,395
91 + days		6,908		31,350
	$	576,227	$	895,566

Schedule of amortized cost basis of finance receivables

	September 30,		December 31,
	2020		2019
Annual Vintage Pool	(In thousands)
2012 and prior	$	851	$	2,432
2013		6,212		15,489
2014		29,878		61,290
2015		95,522		162,242
2016		190,788		292,360
2017		252,976		361,753
	$	576,227	$	895,566

Schedule of allowance for finance credit losses

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
	(In thousands)						(In thousands)
Balance at beginning of period	$	98,602		$	32,664		$	11,640		$	67,376
Early adoption of CECL		–			n/a			127,000			n/a
Provision for credit losses on finance receivables		7,400			19,874			14,113			64,319
Charge-offs		(15,574	)		(46,118	)		(73,096	)		(149,038	)
Recoveries		3,790			6,320			14,561			30,083
Balance at end of period	$	94,218		$	12,740		$	94,218		$	12,740

Schedule of allowance for losses on repossessed inventory

	September 30,			December 31,
	2020			2019
	(In thousands)
Gross balance of repossessions in inventory	$	17,005		$	28,933
Allowance for losses on repossessed inventory		(12,896	)		(21,389	)
Net repossessed inventory included in other assets	$	4,109		$	7,544