Enova International (ENVA) 10-Q 29 Jul 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 27, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	Enova International, Inc.
Entity Central Index Key	0001529864
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Title of 12(b) Security	Common Stock, $.00001 par value per share
Trading Symbol	ENVA
Name of Exchange of which registered	NYSE
Entity Common Stock, Shares Outstanding		30,109,569
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	1-35503
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-3190813
Entity Address, Address Line One	175 West Jackson Blvd.
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60604
City Area Code	312
Local Phone Number	568-4200
Document Quarterly Report	true
Document Transition Report	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2020		Dec. 31, 2019	Jun. 30, 2019
Assets
Cash and cash equivalents	[1]	$ 321,472		$ 35,895	$ 33,849
Restricted cash	[1]	43,547		45,069	20,796
Loans and finance receivables at fair value		799,662	[1]	1,187,583
Loans and finance receivables at amortized cost, net	[1]			1,062,650	829,458
Income taxes receivable		10,510		32,859	9,101
Other receivables and prepaid expenses	[1]	28,541		31,643	33,355
Property and equipment, net		60,030		54,540	48,985
Operating lease right-of-use assets		20,302		19,586	20,490
Goodwill		267,868		267,013	267,013
Intangible assets, net		1,650		2,185	2,720
Other assets	[1]	25,391		22,912	11,761
Assets from discontinued operations					112,771
Total assets		1,578,973		1,574,352	1,390,299
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	[1]	87,691		122,163	107,765
Operating lease liabilities		35,605		35,712	37,403
Deferred tax liabilities, net		72,869		48,683	42,451
Long-term debt	[1]	906,588		991,181	785,504
Liabilities from discontinued operations					10,723
Total liabilities		1,102,753		1,197,739	983,846
Commitments and contingencies (Note 7)
Stockholders' equity:
Common stock, $0.00001 par value, 250,000,000 shares authorized, 36,179,966, 35,671,114 and 35,764,943 shares issued and 30,101,689, 33,989,158 and 32,974,714 outstanding as of June 30, 2020 and 2019 and December 31, 2019, respectively		0		0	0
Preferred stock, $0.00001 par value, 25,000,000 shares authorized, no shares issued and outstanding
Additional paid in capital		71,100		63,791	56,910
Retained earnings		525,108		372,681	396,149
Accumulated other comprehensive loss		(8,599)		(3,066)	(14,774)
Treasury stock, at cost (6,078,277, 1,681,956 and 2,790,229 shares as of June 30, 2020 and 2019 and December 31, 2019, respectively)		(111,389)		(56,793)	(31,832)
Total stockholders' equity		476,220		376,613	406,453
Total liabilities and stockholders' equity		$ 1,578,973		$ 1,574,352	$ 1,390,299
[1]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Statement Of Financial Position [Abstract]
Common stock, par value per share	$ 0.00001	$ 0.00001	$ 0.00001
Common stock, shares authorized	250,000,000	250,000,000	250,000,000
Common stock, shares issued	36,179,966	35,764,943	35,671,114
Common stock, shares outstanding	30,101,689	32,974,714	33,989,158
Preferred stock, par value per share	$ 0.00001	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	25,000,000	25,000,000	25,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Treasury stock, shares	6,078,277	2,790,229	1,681,956

CONSOLIDATED BALANCE SHEETS (Co

CONSOLIDATED BALANCE SHEETS (Consolidated VIEs) (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2020		Dec. 31, 2019	Jun. 30, 2019
Assets of consolidated VIEs, included in total assets above
Cash and cash equivalents	[1]	$ 321,472		$ 35,895	$ 33,849
Restricted cash	[1]	43,547		45,069	20,796
Loans and finance receivables at fair value		799,662	[1]	1,187,583
Loans and finance receivables at amortized cost, net	[1]			1,062,650	829,458
Other receivables and prepaid expenses	[1]	28,541		31,643	33,355
Other assets	[1]	25,391		22,912	11,761
Total assets		1,578,973		1,574,352	1,390,299
Liabilities of consolidated VIEs, included in total liabilities above
Accounts payable and accrued expenses	[1]	87,691		122,163	107,765
Long-term debt	[1]	906,588		991,181	785,504
Total liabilities		1,102,753		1,197,739	983,846
Variable Interest Entity, Primary Beneficiary
Assets of consolidated VIEs, included in total assets above
Cash and cash equivalents		525		420	420
Restricted cash		41,235		42,354	20,796
Loans and finance receivables at fair value		404,734
Loans and finance receivables at amortized cost, net				420,690	306,322
Other receivables and prepaid expenses		4,893		9	6,671
Other assets		2,102		2,161	2,530
Total assets		453,489		465,634	336,739
Liabilities of consolidated VIEs, included in total liabilities above
Accounts payable and accrued expenses		2,180		3,171	2,410
Long-term debt		290,993		304,598	171,931
Total liabilities		$ 293,173		$ 307,769	$ 174,341
[1]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.

CONSOLIDATED BALANCE SHEETS (_3

CONSOLIDATED BALANCE SHEETS (Consolidated VIEs) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Allowance for losses	$ 176,939	$ 137,265
Variable Interest Entity, Primary Beneficiary
Allowance for losses	$ 38,540	$ 31,522

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenue	$ 253,061	$ 259,445	$ 615,313	$ 523,883
Change in Fair Value	(120,672)		(356,391)
Cost of Revenue		(123,433)		(242,291)
Net Revenue/Gross Profit	132,389	136,012	258,922	281,592
Expenses
Marketing	2,988	25,861	37,546	44,922
Operations and technology	16,504	20,057	47,770	40,636
General and administrative	22,336	28,244	50,287	57,295
Depreciation and amortization	4,004	3,681	7,674	7,615
Total Expenses	45,832	77,843	143,277	150,468
Income from Operations	86,557	58,169	115,645	131,124
Interest expense, net	(20,372)	(18,116)	(40,753)	(37,618)
Foreign currency transaction (loss) gain	(18)	(35)	23	(178)
Loss on early extinguishment of debt				(2,321)
Income before Income Taxes	66,167	40,018	74,915	91,007
Provision for income taxes	18,141	9,392	21,141	21,402
Net income from continuing operations	48,026	30,626	53,774	69,605
Net loss from discontinued operations		(5,563)	(288)	(9,525)
Net Income	$ 48,026	$ 25,063	$ 53,486	$ 60,080
Earnings per common share – basic:
Continuing operations	$ 1.59	$ 0.91	$ 1.72	$ 2.07
Discontinued operations		(0.17)	(0.01)	(0.29)
Earnings per common share – basic	1.59	0.74	1.71	1.78
Earnings per common share – diluted:
Continuing operations	1.58	0.89	1.70	2.02
Discontinued operations		(0.16)	(0.01)	(0.28)
Earnings per common share – diluted	$ 1.58	$ 0.73	$ 1.69	$ 1.74
Weighted average common shares outstanding:
Basic	30,203	33,826	31,270	33,660
Diluted	30,352	34,469	31,592	34,451

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net Income		$ 48,026	$ 25,063	$ 53,486	$ 60,080
Other comprehensive loss, net of tax:
Foreign currency translation loss	[1]	(792)	(2,523)	(5,533)	(969)
Total other comprehensive loss, net of tax		(792)	(2,523)	(5,533)	(969)
Comprehensive Income		$ 47,234	$ 22,540	$ 47,953	$ 59,111
[1]	Net of tax benefit (provision) of $244 and $467 for the three months ended June 30, 2020 and 2019, respectively, and $1,705 and $(33) for the six months ended June 30, 2020 and 2019, respectively.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Tax benefit (provision) of foreign currency translation (loss) gain	$ 244	$ 467	$ 1,705	$ (33)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total		Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid in Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Treasury Stock
Balance at Dec. 31, 2018	$ 347,768				$ 48,175	$ 336,415		$ (13,805)	$ (23,017)
Balance (Adjustments for New Accounting Pronouncement) at Dec. 31, 2018			$ (346)				$ (346)
Balance, in shares at Dec. 31, 2018				34,857,000					(1,272,000)
Stock-based compensation expense	6,397				6,397
Shares issued for vested RSUs, in shares				524,000
Shares issued for stock option exercises	2,338				2,338
Shares issued for stock option exercises, in shares				290,000
Net income from continuing operations	69,605					69,605
Net loss from discontinued operations	(9,525)					(9,525)
Foreign currency translation loss, net of tax	(969)	[1]						(969)
Purchases of treasury shares, at cost	(8,815)								$ (8,815)
Purchases of treasury shares, at cost, in shares									(410,000)
Balance at Jun. 30, 2019	$ 406,453				56,910	396,149		(14,774)	$ (31,832)
Balance, in shares at Jun. 30, 2019	35,671,114			35,671,000					(1,682,000)
Balance at Mar. 31, 2019	$ 379,214				51,638	371,086		(12,251)	$ (31,259)
Balance, in shares at Mar. 31, 2019				35,340,000					(1,656,000)
Stock-based compensation expense	3,323				3,323
Shares issued for vested RSUs, in shares				97,000
Shares issued for stock option exercises	1,949				1,949
Shares issued for stock option exercises, in shares				234,000
Net income from continuing operations	30,626					30,626
Net loss from discontinued operations	(5,563)					(5,563)
Foreign currency translation loss, net of tax	(2,523)	[1]						(2,523)
Purchases of treasury shares, at cost	(573)								$ (573)
Purchases of treasury shares, at cost, in shares									(26,000)
Balance at Jun. 30, 2019	$ 406,453				56,910	396,149		(14,774)	$ (31,832)
Balance, in shares at Jun. 30, 2019	35,671,114			35,671,000					(1,682,000)
Balance at Dec. 31, 2019	$ 376,613				63,791	372,681		(3,066)	$ (56,793)
Balance (Adjustments for New Accounting Pronouncement) at Dec. 31, 2019			$ 98,941				$ 98,941
Balance, in shares at Dec. 31, 2019	35,764,943			35,765,000					(2,790,000)
Stock-based compensation expense	$ 7,120				7,120
Shares issued for vested RSUs, in shares				399,000
Shares issued for stock option exercises	189				189
Shares issued for stock option exercises, in shares				16,000
Net income from continuing operations	53,774					53,774
Net loss from discontinued operations	(288)					(288)
Foreign currency translation loss, net of tax	(5,533)	[1]						(5,533)
Purchases of treasury shares, at cost	(54,596)								$ (54,596)
Purchases of treasury shares, at cost, in shares									(3,288,000)
Balance at Jun. 30, 2020	$ 476,220				71,100	525,108		(8,599)	$ (111,389)
Balance, in shares at Jun. 30, 2020	36,179,966			36,180,000					(6,078,000)
Balance at Mar. 31, 2020	$ 438,214				67,440	477,082		(7,807)	$ (98,501)
Balance, in shares at Mar. 31, 2020				36,112,000					(5,104,000)
Stock-based compensation expense	3,660				3,660
Shares issued for vested RSUs, in shares				68,000
Net income from continuing operations	48,026					48,026
Foreign currency translation loss, net of tax	(792)	[1]						(792)
Purchases of treasury shares, at cost	(12,888)								$ (12,888)
Purchases of treasury shares, at cost, in shares									(974,000)
Balance at Jun. 30, 2020	$ 476,220				$ 71,100	$ 525,108		$ (8,599)	$ (111,389)
Balance, in shares at Jun. 30, 2020	36,179,966			36,180,000					(6,078,000)
[1]	Net of tax benefit (provision) of $244 and $467 for the three months ended June 30, 2020 and 2019, respectively, and $1,705 and $(33) for the six months ended June 30, 2020 and 2019, respectively.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities
Net Income	$ 53,486	$ 60,080
Add: net loss from discontinued operations	288	9,525
Net income from continuing operations	53,774	69,605
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,674	7,615
Amortization of deferred loan costs and debt discount	3,173	3,135
Change in fair value	356,391
Cost of revenue		242,291
Stock-based compensation expense	7,120	6,397
Loss on early extinguishment of debt		2,321
Operating leases, net	(839)	(761)
Lease termination and cease-use costs		370
Deferred income taxes, net	(1,793)	2,204
Changes in operating assets and liabilities:
Finance and service charges on loans and finance receivables	65,826	(6,525)
Other receivables and prepaid expenses and other assets	(2,452)	(3,136)
Accounts payable and accrued expenses	(27,970)	(2,507)
Current income taxes	22,830	65,052
Cash flows from operating activities - continuing operations	483,734	386,061
Cash flows from operating activities - discontinued operations	(288)	28,698
Net cash provided by operating activities	483,446	414,759
Cash Flows from Investing Activities
Loans and finance receivables originated or acquired	(467,468)	(741,590)
Loans and finance receivables repaid	426,376	454,675
Acquisitions, net of cash acquired	(3,597)
Purchases of property and equipment	(12,716)	(9,994)
Other investing activities	57	2
Cash flows from investing activities - continuing operations	(57,348)	(296,907)
Cash flows from investing activities - discontinued operations		(22,229)
Net cash used in investing activities	(57,348)	(319,136)
Cash Flows from Financing Activities
Borrowings under revolving line of credit	100,250	150,049
Repayments under revolving line of credit	(172,250)	(172,049)
Borrowings under securitization facilities	119,200	47,800
Repayments under securitization facilities	(134,297)	(101,418)
Debt issuance costs paid	(388)	(339)
Debt prepayment penalty paid		(1,392)
Proceeds from exercise of stock options	189	2,338
Treasury shares purchased	(54,596)	(8,815)
Net cash used in financing activities	(141,892)	(83,826)
Effect of exchange rates on cash, cash equivalents and restricted cash	(151)	(591)
Net increase in cash, cash equivalents and restricted cash	284,055	11,206
Less: increase in cash, cash equivalents and restricted cash from discontinued operations		(6,844)
Change in cash, cash equivalents and restricted cash from continuing operations	284,055	4,362
Cash, cash equivalents and restricted cash at beginning of year	80,964	50,283
Cash, cash equivalents and restricted cash at end of period	365,019	54,645
Supplemental Disclosures
Loans and finance receivables renewed	$ 28,263	$ 68,692

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	1. Significant Accounting Policies Nature of the Company The Company operates an internet-based lending platform to serve customers in need of cash to fulfill their financial responsibilities. Through a network of direct and indirect marketing channels, the Company offers funds to its customers through a variety of unsecured loan and finance receivable products. The business is operated primarily through the internet to provide convenient, fully-automated financial solutions to its customers. The Company originates, arranges, guarantees or purchases consumer loans and provides financing to small businesses through a line of credit account, installment loan or receivables purchase agreement product (“RPAs”). Consumer loans include installment loans and line of credit accounts. RPAs represent a right to receive future receivables from a small business. The Company also provides services related to third-party lenders’ consumer loan products by acting as a credit services organization or credit access business on behalf of consumers in accordance with applicable state laws (“CSO program”). Basis of Presentation The consolidated financial statements of the Company reflect the historical results of operations and cash flows of the Company during each respective period. The consolidated financial statements include goodwill and intangible assets arising from businesses previously acquired. The financial information included herein may not be indicative of the consolidated financial position, operating results, changes in stockholders’ equity and cash flows of the Company in the future. Intercompany transactions are eliminated. The Company consolidates any variable interest entity (“VIE”) where it has been determined it is the primary beneficiary. The primary beneficiary is the entity which has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance as well as the obligation to absorb losses or receive benefits of the entity that could potentially be significant to the VIE. On October 25, 2019, the Company’s U.K. businesses were placed into administration, which resulted in treatment of the businesses as discontinued operations for all periods presented. Throughout these consolidated financial statements, unless otherwise noted, current and prior year financial information is presented as if the U.K. businesses were excluded from continuing operations as required. For further information about the placement of the segment into administration, refer to “Discontinued Operations” below. The consolidated financial statements presented as of June 30, 2020 and 2019 and for the three and six-month periods ended June 30, 2020 and 2019 are unaudited but, in management’s opinion, include all adjustments necessary for a fair presentation of the results for such interim periods. Operating results for the three and six-month periods are not necessarily indicative of the results that may be expected for the full fiscal year. Certain reclassifications have been made to prior periods to conform to the current presentation, including the incorporation of short-term loans into “Installment loans and RPAs” in disclosures that include product groupings. These consolidated financial statements and related notes should be read in conjunction with the Company’s audited consolidated financial statements as of December 31, 2019 and 2018 and for the years ended December 31, 2019, 2018 and 2017 and related notes, which are included on Form 10-K filed with the SEC on February 27, 2020. Discontinued Operations Beginning in 2007, the Company provided services in the United Kingdom under various brands, including QuickQuid, Pounds to Pocket and On Stride. Due in part to the level of claim and legal settlement costs incurred in conducting our U.K. business and unsuccessful discussions with U.K regulators, on October 24, 2019, the Company announced its intent to exit the U.K. market. On October 25, 2019, Grant Thornton LLP, a licensed U.K. insolvency practitioner, was appointed as administrators (“Administrators”) to take control of management of the U.K. businesses. The effect of the U.K. businesses’ entry into administration was to place their management, affairs, business and property under the direct control of the Administrators. Accordingly, the Company deconsolidated its U.K. businesses as of October 25, 2019 and is presenting them as discontinued operations for all periods presented in these consolidated financial statements. The Company recorded a one-time after-tax charge of $74.5 million, including one-time cash charges of $52.2 million, in the fourth quarter of 2019 as a result of placing the U.K. businesses into administration. During the 2020, the Company recorded an impairment charge of $0.4 million ($0.3 million net of taxes) to write down a receivable on certain expenses incurred by the Company prior to administration that were deemed non-reimbursable by the Administrators. The Company entered into a service agreement with the Administrators under which the Company provides certain administrative, technical and other services in exchange for compensation by the Administrators. The initial term of the agreement is 12 months with options to extend the term for three-month million and $ 3.1 million, respectively, in revenue related to these service s . As of June 30, 2020 , the Administrators owed the Company $ 0.9 million related to services provided. The following table provides the aggregate carrying amounts of the assets and liabilities of the U.K. businesses included in the Company’s consolidated balance sheets (in thousands): June 30, 2019 Assets Cash and cash equivalents $ 31,654 Restricted cash 2,166 Loans and finance receivables at amortized cost, net 63,124 Income taxes receivable 3,592 Other receivables and prepaid expenses 1,104 Deferred tax assets, net 6,832 Property and equipment, net 3,893 Operating lease right-of-use assets 323 Other assets 83 Total assets $ 112,771 Liabilities and Stockholders' Equity Accounts payable and accrued expenses $ 10,430 Operating lease liabilities 293 Total liabilities $ 10,723 The following table provides the financial results of the U.K. businesses, which meet the criteria of discontinued operations and, therefore, are excluded from the Company's results of continuing operations (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenue $ — $ 26,255 $ — $ 55,000 Cost of Revenue — (14,864 ) — (35,051 ) Gross Profit — 11,391 — 19,949 Expenses Marketing — 6,043 — 10,644 Operations and technology — 12,354 — 21,375 General and administrative — 632 — 1,154 Depreciation and amortization — 261 — 511 Total Expenses — 19,290 — 33,684 Loss from Operations — (7,899 ) — (13,735 ) Interest income, net — 1 — 3 Foreign currency transaction loss — (3 ) — (3 ) Impairment charges upon placement into administration — — (392 ) — Loss before Income Taxes — (7,901 ) (392 ) (13,735 ) Benefit from income taxes — (2,338 ) (104 ) (4,210 ) Net loss from discontinued operations $ — $ (5,563 ) $ (288 ) $ (9,525 ) Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the consolidated balance sheets (in thousands): June 30, 2020 2019 Cash and cash equivalents $ 321,472 $ 33,849 Restricted cash 43,547 20,796 Total cash, cash equivalents and restricted cash $ 365,019 $ 54,645 Loans and Finance Receivables Prior to January 1, 2020, the Company carried its loans and finance receivables at amortized cost, less an allowance for estimated losses and unamortized net deferred origination costs. In determining the allowance, the Company applied a documented systematic methodology generally at a product level with charge-offs and recoveries, recorded as “Cost of revenue” in the consolidated statements of income. The allowance for single-pay installment loans classified as current was based on historical loss rates adjusted for recent default trends for current loans. For delinquent single-pay loans, the allowance was based on a six-month rolling average of loss rates by stage of collection. For other installment loans, RPAs and line of credit accounts, the Company generally used either a migration analysis or roll-rate based methodology to estimate losses inherent in the portfolio. The allowance under the migration analysis and roll-rate methodology was based on historical charge-off experience and the loss emergence period, which represented the average amount of time between the first occurrence of a loss event and the charge-off of a loan or RPA. The factors the Company considered to assess the adequacy of the allowance included past due performance, historical behavior of monthly vintages, underwriting changes, delinquency status, payment history and recency factors. Beginning January 1, 2020, the Company utilizes the fair value option on its entire loan and finance receivable portfolio. As such, loans and finance receivables are carried at fair value in the consolidated balance sheet with changes in fair value recorded in the consolidated income statement. To derive the fair value, the Company generally utilizes discounted cash flow analyses that factor in estimated losses and prepayments over the estimated duration of the underlying assets. Loss and prepayment assumptions are determined using historical loss data and include appropriate consideration of recent trends and anticipated future performance. Future cash flows are discounted using a rate of return that the Company believes a market participant would require. Accrued and unpaid interest and fees are included in “Loans and finance receivables” in the consolidated balance sheets. Current and Delinquent Loans and Finance Receivables The Company classifies its loans and finance receivables as either current or delinquent. When a customer does not make a scheduled payment as of the due date, that payment is considered delinquent, and the remainder of the receivable balance is considered current. If the customer does not make two consecutive payments, the entire account or loan is classified as delinquent and placed on a non-accrual status. The Company allows for normal payment processing time before considering a loan delinquent but does not provide for any additional grace period. Where permitted by law and as long as a loan is not considered delinquent, a customer may choose to renew or extend the due date on certain installment loans. In order to renew or extend a single-pay loan, a customer must agree to pay the current finance charge for the right to make a later payment of the outstanding principal balance plus an additional finance charge. In order to renew an installment loan, the customer enters into a new installment loan contract and agrees to pay the principal balance and finance charge in accordance with the terms of the new loan contract. If a single-pay loan is renewed, but the customer fails to pay that loan’s current finance charge as of the due date, the unpaid finance charge is classified as delinquent. In response to the COVID-19 pandemic, the Company enhanced the forbearance options on its loan products, offering additional relief to impacted customers with features such as payment deferrals without the incurrence of additional finance charge or late fees. If a loan is deemed to be current and the customer makes a deferral or payment modification, the loan is still deemed to be current until the next scheduled payment is missed. The Company does not accrue interest on delinquent loans and does not resume accrual of interest on a delinquent loan unless it is returned to current status. In addition, delinquent loans generally may not be renewed, and if, during its attempt to collect on a delinquent loan, the Company allows additional time for payment through a payment plan or a promise to pay, it is still considered delinquent. Generally, all payments received are first applied against accrued but unpaid interest and fees and then against the principal balance of the loan. The Company generally charges off loans and finance receivables between 60 and 65 days delinquent. If a loan or finance receivable is deemed uncollectible prior to this, it is charged off at that point. Loans and finance receivables classified as delinquent generally have an age of one to 64 days from the date any portion of the receivable became delinquent, as defined above. Recoveries on loans and finance receivables that were previously charged off are generally recognized when collected. Revenue Recognition The Company recognizes revenue based on the financing products and services it offers and on loans it acquires. “Revenue” in the consolidated statements of income includes: interest income, finance charges, fees for services provided through the Company’s CSO programs (“CSO fees”), revenue on RPAs, service charges, draw fees, minimum billing fees, purchase fees, origination fees, late fees and non-sufficient funds fees as permitted by applicable laws and pursuant to the agreement with the customer. Interest is generally recognized on an effective yield basis over the contractual term of the loan on installment loans, the estimated outstanding period of the draw on line of credit accounts, or the projected delivery term on RPAs. CSO fees are recognized over the term of the loan. Late and nonsufficient funds fees are recognized when assessed to the customer. Prior to the adoption of the fair value option effective January 1, 2020, origination fees as well as certain direct costs associated with originating loans were deferred and amortized into or against revenue on an effective yield basis over the term of the loan or the projected delivery term of the finance receivable. Subsequent to the election of the fair value option, these fees and costs are no longer eligible for deferral. As such, origination fees on installment loans, purchase fees on RPAs, and draw fees on line of credit accounts are recognized when assessed to the customer. Marketing Expenses Marketing expenses consist of digital costs, lead purchase costs and offline marketing costs such as television and direct mail advertising. With the adoption of the fair value option on January 1, 2020, all marketing expenses are expensed as incurred. Prior to January 1, 2020, marketing costs directly related to loan and RPA originations were deferred and amortized against revenue, whereas marketing costs not directly resulting in loan and RPA originations were expensed as incurred. Variable Interest Entities As part of the Company’s overall funding strategy and as part of its efforts to support its liquidity from varying sources, the Company has established a securitization program through several securitization facilities. The Company transferred certain consumer loan receivables to VIEs which issue notes backed by the underlying consumer loan receivables and are serviced by another wholly owned subsidiary of the Company. The cash flows from the loans held by the VIEs are used to repay obligations under the notes. The Company is required to evaluate the VIEs for consolidation. The Company has the ability to direct the activities of the VIEs that most significantly impact the economic performance of the entities as the servicer of the securitized loan receivables. Additionally, the Company has the right to receive residual payments, which expose it to potentially significant losses and returns. Accordingly, the Company determined it is the primary beneficiary of the VIEs and is required to consolidate them. The assets and liabilities related to the VIEs are included in the Company’s consolidated financial statements and are accounted for as secured borrowings. Adopted In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief, Financial Instruments—Credit Losses—Measured at Amortized Cost Financial Instruments—Overall Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates, effective date of ASU 2016 ‑13 for public business entities that meet the definition of an SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for annual periods beginning after December 15, 2019, and interim periods within those annual periods. The Company adopted ASU 2016-13 and the related aforementioned ASUs under the modified-retrospective method effective January 1, 2020 and elected the fair value option to account for all loans and finance receivables. The Company believes that the fair value option better reflects the value of its portfolio and its future economic performance as well as more closely aligning with the Company’s marginal decision-making processes that rely on risk-based pricing and discounted cash flow methodologies. In accordance with the transition guidance, the Company (i) released the allowance for estimated losses on loans and finance receivables at that date; (ii) released the unamortized net deferred origination costs at that date; and (iii) measured the loans and finance receivables at fair value. As a result of the adoption of this ASU, the Company’s loans and finance receivables are carried at fair value with changes in fair value recognized directly in earnings and origination fees and costs are no longer eligible for deferral. The following table summarizes the impact of adoption on the consolidated balance sheet as of January 1, 2020 (in thousands): Increase (decrease) Assets Loans and finance receivables at fair value $ 124,933 Total assets $ 124,933 Liabilities and Stockholders' Equity Accounts payable and accrued expenses $ (4,486 ) Deferred tax liabilities, net 30,478 Total liabilities 25,992 Stockholders' equity: Retained earnings 98,941 Total stockholders' equity 98,941 Total liabilities and stockholders' equity $ 124,933 In August 2018, the FASB issued ASU 2018 - Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract - - - In August 2018, the FASB issued ASU 2018-13, Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement In January 2017, the FASB issued ASU 2017 - Intangibles – Goodwill and Other (Topic 350) – Simplifying the Test for Goodwill Impairment - - - Accounting Standards to be Adopted in Future Periods In November 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes

Loans and Finance Receivables

Loans and Finance Receivables	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans and Finance Receivables	2. Loans and Finance Receivables Revenue generated from the Company’s loans and finance receivables for the three and six months ended June 30, 2020 and 2019 was as follows (dollars in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Installment loans and RPAs $ 126,224 $ 148,531 $ 300,258 $ 308,173 Line of credit accounts 125,478 110,670 311,250 215,153 Total loans and finance receivables revenue 251,702 259,201 611,508 523,326 Other 1,359 244 3,805 557 Total revenue $ 253,061 $ 259,445 $ 615,313 $ 523,883 Loans and Finance Receivables at Fair Value The components of Company-owned loans and finance receivables at June 30, 2020 were as follows (dollars in thousands): As of June 30, 2020 Installment Loans and Line of Credit RPAs Accounts Total Principal balance - accrual $ 536,245 $ 180,703 $ 716,948 Principal balance - non-accrual 34,245 16,411 50,656 Total principal balance 570,490 197,114 767,604 Loans and finance receivables at fair value - accrual 572,509 207,493 780,002 Loans and finance receivables at fair value - non-accrual 15,031 4,629 19,660 Loans and finance receivables at fair value 587,540 212,122 799,662 Difference between principal balance and fair value $ 17,050 $ 15,008 $ 32,058 Changes in the fair value of Company-owned loans and finance receivables during the three and six months ended June 30, 2020 were as follows (dollars in thousands): Three Months Ended June 30, 2020 Installment Loans and Line of Credit RPAs Accounts Total Balance at beginning of period $ 772,469 $ 320,738 $ 1,093,207 Originations or acquisitions 35,696 40,294 75,990 Interest and fees (1) 126,224 125,478 251,702 Repayments (276,245 ) (223,886 ) (500,131 ) Charge-offs, net (2) (71,362 ) (84,613 ) (155,975 ) Net change in fair value (2) 1,192 34,111 35,303 Effect of foreign currency translation (434 ) — (434 ) Balance at end of period $ 587,540 $ 212,122 $ 799,662 Six Months Ended June 30, 2020 Installment Loans and Line of Credit RPAs Accounts Total Balance at beginning of period $ 848,818 $ 338,765 $ 1,187,583 Originations or acquisitions 284,567 211,164 495,731 Interest and fees (1) 300,258 311,250 611,508 Repayments (640,760 ) (494,353 ) (1,135,113 ) Charge-offs, net (2) (167,634 ) (191,565 ) (359,199 ) Net change in fair value (2) (34,053 ) 36,861 2,808 Effect of foreign currency translation (3,656 ) — (3,656 ) Balance at end of period $ 587,540 $ 212,122 $ 799,662 (1) Included in “Revenue” in the consolidated statements of income. (2) Included in “Change in Fair Value” in the consolidated statements of income. Loans and Finance Receivables at Amortized Cost, net Prior to January 1, 2020, the Company carried its loans and finance receivables at amortized cost, including unamortized net deferred origination costs, less an allowance for estimated losses. The components of Company-owned loans and finance receivables at June 30, 2019 and December 31, 2019 were as follows (dollars in thousands): As of June 30, 2019 Installment Loans and Line of Credit RPAs Accounts Total Current receivables $ 641,984 $ 250,360 $ 892,344 Delinquent receivables: Delinquent payment amounts (1) 2,098 11,160 13,258 Receivables on non-accrual status 58,816 2,305 61,121 Total delinquent receivables 60,914 13,465 74,379 Total loans and finance receivables, gross 702,898 263,825 966,723 Less: Allowance for losses (85,846 ) (51,419 ) (137,265 ) Loans and finance receivables, net $ 617,052 $ 212,406 $ 829,458 As of December 31, 2019 Installment Loans and Line of Credit RPAs Accounts Total Current receivables $ 775,390 $ 365,820 $ 1,141,210 Delinquent receivables: Delinquent payment amounts (1) 1,924 22,441 24,365 Receivables on non-accrual status 69,438 4,576 74,014 Total delinquent receivables 71,362 27,017 98,379 Total loans and finance receivables, gross 846,752 392,837 1,239,589 Less: Allowance for losses (85,937 ) (91,002 ) (176,939 ) Loans and finance receivables, net $ 760,815 $ 301,835 $ 1,062,650 (1) Represents the delinquent portion of installment loans and line of credit account balances for customers that have only missed one payment and RPA customers who have not delivered agreed upon receivables. See “Current and Delinquent Loans and Finance Receivables” above for additional information. Changes in the allowance for losses for the Company-owned loans and finance receivables and the liability for losses on the Company’s guarantees of third-party lender-owned loans during the three and six months ended June 30, 2019 were as follows (dollars in thousands): Three Months Ended June 30, 2019 Installment Loans and Line of Credit RPAs Accounts Total Allowance for losses for Company-owned loans and finance receivables: Balance at beginning of period $ 81,126 $ 41,363 $ 122,489 Cost of revenue 74,422 48,549 122,971 Charge-offs (88,871 ) (42,089 ) (130,960 ) Recoveries 19,110 3,596 22,706 Effect of foreign currency translation 59 — 59 Balance at end of period $ 85,846 $ 51,419 $ 137,265 Liability for third-party lender-owned loans: Balance at beginning of period $ 1,264 $ — $ 1,264 Decrease in liability 462 — 462 Balance at end of period $ 1,726 $ — $ 1,726 Six Months Ended June 30, 2019 Installment Loans and Line of Credit RPAs Accounts Total Allowance for losses for Company-owned loans and finance receivables: Balance at beginning of period $ 93,205 $ 51,009 $ 144,214 Cost of revenue 156,282 86,449 242,731 Charge-offs (202,863 ) (93,295 ) (296,158 ) Recoveries 39,189 7,256 46,445 Effect of foreign currency translation 33 — 33 Balance at end of period $ 85,846 $ 51,419 $ 137,265 Liability for third-party lender-owned loans: Balance at beginning of period $ 2,166 $ — $ 2,166 Decrease in liability (440 ) — (440 ) Balance at end of period $ 1,726 $ — $ 1,726 Guarantees of Consumer Loans In connection with its CSO programs, the Company guarantees consumer loan payment obligations to unrelated third-party lenders for installment loans and is required to purchase any defaulted loans it has guaranteed. The guarantee represents an obligation to purchase specific loans that go into default. As of June 30, 2020 the consumer loans guaranteed by the Company had an estimated fair value of $6.6 million and an outstanding principal balance of $5.2 million. As of June 30, 2020, June 30, 2019 and December 31, 2019, the amount of consumer loans, including principal, fees and interest, guaranteed by the Company were $6.1

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-term Debt	3 . Long-term debt The Company’s long-term debt instruments and balances outstanding as of June 30, 2020 and 2019 and December 31, 2019 were as follows (dollars in thousands): June 30, December 31, 2020 2019 2019 Securitization notes $ 292,794 $ 173,675 $ 307,885 Revolving line of credit — — 72,000 8.50% senior notes due 2024 250,000 250,000 250,000 8.50% senior notes due 2025 375,000 375,000 375,000 Subtotal 917,794 798,675 1,004,885 Less: Long-term debt issuance costs (11,206 ) (13,171 ) (13,704 ) Total long-term debt $ 906,588 $ 785,504 $ 991,181 Weighted average interest rates on long-term debt were 8.06% and 8.85% during the six months ended June 30, 2020 and 2019, respectively. As of June 30, 2020 and 2019 and December 31, 2019, the Company was in compliance with all covenants and other requirements set forth in the prevailing long-term debt agreements. 8.50% Senior Unsecured Notes Due 2025 On September 19, 2018, the Company issued and sold $375.0 million in aggregate principal amount of 8.50% Senior Notes due 2025 (the “2025 Senior Notes”). The 2025 Senior Notes were sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States pursuant to Regulation S under the Securities Act. The 2025 Senior Notes bear interest at a rate of 8.50% annually on the principal amount payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2019. The 2025 Senior Notes were sold at a price of 100%. The 2025 Senior Notes will mature on September 15, 2025. The 2025 Senior Notes are unsecured debt obligations of the Company, and are unconditionally guaranteed by certain of the Company’s domestic subsidiaries. The 2025 Senior Notes are redeemable at the Company’s option, in whole or in part, (i) at any time prior to September 15, 2021 at 100% of the aggregate principal amount of 2025 Senior Notes redeemed plus the applicable “make whole” premium specified in the indenture that governs the Company’s 2025 Notes (the “2025 Senior Notes Indenture”), plus accrued and unpaid interest, if any, to the redemption date and (ii) at any time on or after September 15, 2021 at the premium, if any, specified in the 2025 Senior Notes Indenture that will decrease over time, plus accrued and unpaid interest, if any, to the redemption date. In addition, prior to September 15, 2021, at its option, the Company may redeem up to 40% of the aggregate principal amount of the 2025 Senior Notes at a redemption price of 108.5% of the aggregate principal amount of 2025 Senior Notes redeemed, plus accrued and unpaid interest, if any, to the redemption date, with the proceeds of certain equity offerings as described in the 2025 Senior Notes Indenture. The 2025 Senior Notes and the related guarantees have not been and will not be registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws. The Company used a portion of the net proceeds of the 2025 Senior Notes offering to retire $295.0 million of the remaining outstanding 9.75% senior notes due 2021 (the “2021 Senior Notes) and pay the related accrued interest, premiums, fees and expenses associated therewith. The remaining amount was used for general corporate purposes. 8.50% Senior Unsecured Notes Due 2024 On September 1, 2017, the Company issued and sold $250.0 million in aggregate principal amount of 8.50% Senior Notes due 2024 (the “2024 Senior Notes”). The 2024 Senior Notes were sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act. The 2024 Senior Notes bear interest at a rate of 8.50% annually on the principal amount payable semi-annually in arrears on March 1 and September 1 of each year, beginning on March 1, 2018. The 2024 Senior Notes were sold at a price of 100%. The 2024 Senior Notes will mature on September 1, 2024. The 2024 Senior Notes are unsecured debt obligations of the Company, and are unconditionally guaranteed by certain of its domestic subsidiaries. The 2024 Senior Notes are redeemable at the Company’s option, in whole or in part, (i) at any time prior to September 1, 2020 at 100% of the aggregate principal amount of 2024 Senior Notes redeemed plus the applicable “make whole” premium specified in the indenture that governs the Company’s 2024 Notes (the “2024 Senior Notes Indenture”), plus accrued and unpaid interest, if any, to the redemption date and (ii) at any time on or after September 1, 2020 at the premium, if any, specified in the 2024 Senior Notes Indenture that will decrease over time, plus accrued and unpaid interest, if any, to the redemption date. In addition, prior to September 1, 2020, at its option, the Company may redeem up to 40% of the aggregate principal amount of the 2024 Senior Notes at a redemption price of 108.5% of the aggregate principal amount of 2024 Senior Notes redeemed, plus accrued and unpaid interest, if any, to the redemption date, with the proceeds of certain equity offerings as described in the 2024 Senior Notes Indenture. The 2024 Senior Notes and the related guarantees have not been and will not be registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws. The Company used the net proceeds of the 2024 Senior Notes offering to retire a portion of the 2021 Senior Notes, to pay the related accrued interest, premiums, fees and expenses associated therewith and for general corporate purposes. Consumer Loan Securitizations 2019-A Notes On October 17, 2019 (the “2019-A Closing Date”), the Company issued $138,888,000 Class A Asset Backed Notes (the “2019-A Class A Notes”), $44,445,000 Class B Asset Backed Notes (the “2019-A Class B Notes”), and $16,667,000 Class C Asset Backed Notes (the “2019-A Class C Notes” and, collectively with the 2019-A Class A Notes and the 2019-A Class B Notes, the “2019-A Notes”), through an indirect subsidiary. The 2019-A Class A Notes bear interest at 3.96%, the 2019-A Class B Notes bear interest at 6.17%, and the 2019-A Class C Notes bear interest at 7.62%. The 2019-A Notes are backed by a pool of unsecured consumer installment loans (“Securitization Receivables”) The net proceeds of the offering of the 2019-A Notes on the 2019-A Closing Date were used to acquire the Securitization Receivables from the Company, fund a reserve account and pay fees and expenses incurred in connection with the transaction. The amount of Securitization Receivables sold to the issuer on the 2019-A Closing Date was approximately $200.0 million. Additional Securitization Receivables totaling approximately $22.2 million were sold to the issuer prior to December 31, 2019. The 2019-A Notes were offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to certain persons outside of the United States in compliance with Regulation S under the Securities Act. The 2019-A Notes have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws. 2019‑1 Facility On February 25, 2019 (the “2019‑1 Closing Date”), the Company and several of its subsidiaries entered into a receivables securitization (the “2019‑1 Facility”) with PCAM Credit II, LLC, as lender (the “2019‑1 Lender”). The 2019‑1 Lender is an affiliate of Park Cities Asset Management, LLC. The 2019‑1 Facility finances Securitization Receivables that have been and will be originated or acquired under the Company’s NetCredit and CashNetUSA brands by several of the Company’s subsidiaries and that meet specified eligibility criteria. Under the 2019 ‑1 Facility, eligible Securitization Receivables are sold to a wholly-owned subsidiary of the Company (the “2019 ‑1 Debtor”) and serviced by another subsidiary of the Company. The 2019‑1 2019‑1 2019‑1 2019‑1 2019‑1 As of June 30, 2020 and 2019 and December 31, 2019, the total outstanding amount of the 2019‑1 Facility was $30.0 million, $12.8 million and $12.8 million, respectively. The 2019‑1 2019‑1 2019‑1 2019‑1 2019‑1 2019‑1 2019‑1 2019‑1 2019‑1 2019‑1 2019‑1 2019‑1 All amounts due under the 2019‑1 2019‑1 2019‑1 2019‑1 2019‑1 The 2019‑1 2019‑1 2019‑1 2018‑A Notes On October 31, 2018 (the “2018‑A Closing Date”), the Company issued $95,000,000 Class A Asset Backed Notes (the “2018-A Class A Notes”) and $30,400,000 Class B Asset Backed Notes (the “2018-A Class B Notes” and, collectively with the 2018-A Class A Notes, the “2018‑A Notes”), through an indirect subsidiary. The 2018-A Class A Notes bear interest at 4.20% and the 2018-A Class B Notes bear interest at 7.37%. The 2018‑A Notes are backed by a pool of unsecured consumer installment loans (“Securitization Receivables”) and represent obligations of the issuer only. The 2018‑A Notes are not guaranteed by the Company. Under the 2018‑A Notes, Securitization Receivables are sold to a wholly-owned subsidiary of the Company and serviced by another subsidiary of the Company. As of June 30, 2020 and 2019 and December 31, 2019, the total outstanding amount of the 2018‑A Notes was $28.1 million, $63.1 million and $41.8 million, respectively. The net proceeds of the offering of the 2018‑A Notes on the 2018‑A Closing Date were used to acquire the Securitization Receivables from the Company, fund a reserve account and pay fees and expenses incurred in connection with the transaction. The 2018 ‑ ‑ 2018‑2 Facility On October 23, 2018, the Company and several of its subsidiaries entered into a receivables funding agreement (the “2018 ‑ ‑ ‑ that meet specified eligibility criteria in exchange for a revolving note. Under the 2018 ‑ 2 Facility, Securitization Receivables are sold to a wholly-owned subsidiary of the Company (the “2018 ‑ 2 Debtor”) and serviced by another subsidiary of the Company. The 2018 ‑ ‑ As of June 30, 2020 and 2019 and December 31, 2019, the total outstanding amount of the 2018‑2 Facility was $86.1 million, $50.0 million and $80.0 million, respectively The 2018 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ All amounts due under the 2018 ‑ ‑ ‑ The 2018 ‑ ‑ ‑ 2018‑1 Facility On July 23, 2018, the Company and several of its subsidiaries entered into a receivables funding agreement (the “2018‑1 Facility”) with Pacific Western Bank, as lender (the “2018‑1 Lender”). The 2018‑1 Facility collateralizes Securitization Receivables that have been and will be originated or acquired under the Company’s NetCredit brand by several of its subsidiaries and that meet specified eligibility criteria in exchange for a revolving note. Under the 2018‑1 Facility, Securitization Receivables are sold to a wholly-owned subsidiary of the Company (the “2018‑1 Debtor”) and serviced by another subsidiary of the Company. The 2018‑1 Debtor has issued a revolving note with an initial maximum principal balance of $150.0 million, which is required to be secured by 1.25 times the drawn amount in eligible Securitization Receivables. The 2018‑1 Facility is non-recourse to the Company and matures on July 22, 2023. As of June 30, 2020 and 2019, the total outstanding amount of the 2018‑1 Facility was $47.2 million, $46.0 million, respectively. There was no balance outstanding on the 2018-1 Facility as of December 31, 2019. The 2018 ‑ ‑ ‑ ‑ ‑ ‑ ‑ All amounts due under the 2018 ‑ ‑ ‑ The 2018 ‑ ‑ ‑ Revolving Credit Facility On June 30, 2017, the Company and certain of its operating subsidiaries entered into a secured revolving credit agreement with a syndicate of banks including TBK Bank, SSB (“TBK”), as administrative agent and collateral agent, Jefferies Finance LLC and TBK as Joint Lead Arrangers and joint lead bookrunners, and Veritex Community Bank (as successor in interest to Green Bank, N.A.), as lender (as amended the “Credit Agreement”). On April 13, 2018 and October 5, 2018, the Credit Agreement was amended to include Pacific Western Bank and Axos Bank, respectively, as lenders in the syndicate of lenders. Additionally, on July 1, 2019 the Credit Agreement was amended to, amongst other changes, extend the maturity date to June 30, 2022 from May 1, 2020 and increase the advance rate to 65% from 53%. The Credit Agreement is secured by domestic receivables. The borrowing limit in the Credit Agreement, as amended, is $125 million and its maturity date is June 30, 2022. The Company had no outstanding borrowings under the Credit Agreement as of June 30, 2020 and 2019. As of December 31, 2019 the Company had outstanding borrowings under the Credit Agreement of $72.0 million. The Credit Agreement provides for a revolving credit line with interest on borrowings under the facility at prime rate plus 1.00%. In addition, the Credit Agreement provides for payment of a commitment fee calculated with respect to the unused portion of the line, and ranges from 0.30% per annum to 0.50% per annum depending on usage. A portion of the revolving credit facility, up to a maximum of $20 million, is available for the issuance of letters of credit. The Company had outstanding letters of credit under the Credit Agreement of $1.0 million, $1.2 million and $1.2 million as of June 30, 2020 and 2019 and December 31, 2019, respectively. The Credit Agreement provides for certain prepayment penalties if it is terminated on or before its first and second anniversary date, subject to certain exceptions. The Credit Agreement contains certain limitations on the incurrence of additional indebtedness, investments, the attachment of liens to the Company’s property, the amount of dividends and other distributions, fundamental changes to the Company or its business and certain other activities of the Company. The Credit Agreement contains standard financial covenants for a facility of this type based on a leverage ratio and a fixed charge coverage ratio. The Credit Agreement also provides for customary affirmative covenants, including financial reporting requirements, and certain events of default, including payment defaults, covenant defaults and other customary defaults.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	4 . Income Taxes The Company’s effective tax rate for the six months ended June 30, 2020 was 28.2%, compared to 23.5% for the six months ended June 30, 2019. The increase is primarily attributable to the loss of excess tax benefits on stock compensation. As of June 30, 2020, the balance of unrecognized tax benefits was $ 45.3 which is included in “Accounts payable and accrued expenses” on the consolidated balance sheet The Company had $45.2 million and $53.6 million of unrecognized tax benefits as of The Company The Company’s U.S. tax returns are subject to examination by federal and state taxing authorities. The statute of limitations related to the Company’s consolidated Federal income tax returns is closed for all tax years up to and including 2015. However, the 2015 tax year is still open to the extent of the net operating loss that was carried back from the 2017 tax return. The years open to examination by state, local and foreign government authorities vary by jurisdiction, but the statute of limitation is generally three years from the date the tax return is filed. For jurisdictions that have generated net operating losses, carryovers may be subject to the statute of limitations applicable for the year those carryovers are utilized. In these cases, the period for which the losses may be adjusted will extend to conform with the statute of limitations for the year in which the losses are utilized. In most circumstances, this is expected to increase the length of time that the applicable taxing authority may examine the carryovers by one year or longer, in limited cases. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (“CARES”) Act was enacted and signed into U.S. law to provide economic relief to individuals and businesses facing economic hardship as a result of the COVID-19 pandemic. The CARES Act did not have a material tax impact on the Company's consolidated financial condi tion as of and for the six months ended June 30, 2020 . The Company plans to defer the timing of federal tax estimates and payroll taxes as permitted by the CARES Act and will avail itself of net operating loss carryback provisions to the extent possible, which may include changes to the uncertain tax position reserves .

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	5 . Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by giving effect to the potential dilution that could occur if securities or other contracts to issue common shares were exercised and converted into common shares during the period. Restricted stock units issued under the Company’s stock-based employee compensation plans are included in diluted shares upon the granting of the awards even though the vesting of shares will occur over time. The following table sets forth the reconciliation of numerators and denominators of basic and diluted earnings per share computations for the three and six months ended June 30, 2020 and 2019 (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Numerator: Net income from continuing operations $ 48,026 $ 30,626 $ 53,774 $ 69,605 Net loss from discontinued operations — (5,563 ) (288 ) (9,525 ) Net income $ 48,026 $ 25,063 $ 53,486 $ 60,080 Denominator: Total weighted average basic shares 30,203 33,826 31,270 33,660 Shares applicable to stock-based compensation 149 643 322 791 Total weighted average diluted shares 30,352 34,469 31,592 34,451 Earnings per common share – basic: Continuing operations $ 1.59 $ 0.91 $ 1.72 $ 2.07 Discontinued operations — (0.17 ) (0.01 ) (0.29 ) Earnings per common share – basic $ 1.59 $ 0.74 $ 1.71 $ 1.78 Earnings per common share – diluted: Continuing operations $ 1.58 $ 0.89 $ 1.70 $ 2.02 Discontinued operations — (0.16 ) (0.01 ) (0.28 ) Earnings per common share – diluted $ 1.58 $ 0.73 $ 1.69 $ 1.74 For the three months ended June 30, and For the six months ended June 30, 2020 and 2019, 2,090,225 and 802,535 shares of common stock underlying stock options, respectively, and 767,651 and 17,130 shares of common stock underlying restricted stock units, respectively, were excluded from the calculation of diluted net income per share because their effect would have been antidilutive.

Operating Segment Information

Operating Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Operating Segment Information	6 . Operating Segment Information The Company provides online financial services to non-prime credit consumers and small businesses in the United States and Brazil and has one reportable segment. The Company has aggregated all components of its business into a single Geographic Information The following table presents the Company’s revenue by geographic region for the three and six months ended June 30, 2020 and 2019 (dollars in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenue United States $ 250,483 $ 254,205 $ 608,199 $ 512,193 Other international countries 2,578 5,240 7,114 11,690 Total revenue $ 253,061 $ 259,445 $ 615,313 $ 523,883 The Company’s long-lived assets, which consist of the Company’s property and equipment, were $60.0 million, $49.0 million and $54.5 million at June 30, 2020 and 2019 and December 31, 2019, respectively. The operations for the Company’s businesses are primarily located within the United States, and the value of any long-lived assets located outside of the United States is immaterial.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	7 . Commitments and Contingencies Litigation On April 23, 2018, the Commonwealth of Virginia, through Attorney General Mark R. Herring, filed a lawsuit in the Circuit Court for the County of Fairfax, Virginia against NC Financial Solutions of Utah, LLC (“NC Utah”), a subsidiary of the Company. The lawsuit alleges violations of the Virginia Consumer Protection Act (“VCPA”) relating to NC Utah’s communications with customers, collections of certain payments, its loan agreements, and the rates it charged to Virginia borrowers. The plaintiff is seeking to enjoin NC Utah from continuing its current lending practices in Virginia, restitution, civil penalties, and costs and expenses in connection with the same. Neither the likelihood of an unfavorable decision nor the ultimate liability, if any, with respect to this matter can be determined at this time, and the Company is currently unable to estimate a range of reasonably possible losses, as defined by ASC 450-20-20, Contingencies–Loss Contingencies–Glossary, The Company is also involved in certain routine legal proceedings, claims and litigation matters encountered in the ordinary course of its business. Certain of these matters may be covered to an extent by insurance or by indemnification agreements with third parties. The Company has recorded accruals in its consolidated financial statements for those matters in which it is probable that it has incurred a loss and the amount of the loss, or range of loss, can be reasonably estimated. In the opinion of management, the resolution of these matters will not have a material adverse effect on the Company’s financial position, results of operations or liquidity.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	8 . Related Party Transactions The Company has an agreement for direct mail production and fulfillment services with a marketing services company where David Fisher, the Company’s Chief Executive Officer and Chairman of the Board, also serves as a member of the marketing services company’s board of directors. The Company incurred $0.8 million and $3.3 during the three months ended June 30, 2020 and 2019, respectively, and $4.8 million and $5.9 during the six months ended June 30, 2020 and 2019, respectively, in expenses related to these services. As of June 30, 2020 and 2019 and December 31, 2019, the Company owed the agency $40 thousand, $2.8 million and $4.6 million, respectively, related to services provided, which was included in “Accounts payable and accrued expenses” in the consolidated balance sheets. The Company believes that the transaction described above has been provided on terms no less favorable to the Company than could have been negotiated with non-affiliated third parties.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	9 . Fair Value Measurements Recurring Fair Value Measurements The Company uses a hierarchical framework that prioritizes and ranks the market observability of inputs used in its fair value measurements. Market price observability is affected by a number of factors, including the type of asset or liability and the characteristics specific to the asset or liability being measured. Assets and liabilities with readily available, active, quoted market prices or for which fair value can be measured from actively quoted prices generally are deemed to have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. The Company classifies the inputs used to measure fair value into one of three levels as follows: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Inputs other than Level 1, quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, and model-derived prices whose inputs are observable or whose significant value drivers are observable. Level 3: Unobservable inputs for the asset or liability measured. Observable inputs are based on market data obtained from independent sources, while unobservable inputs are based on the Company’s market assumptions. Unobservable inputs require significant management judgment or estimation. In some cases, the inputs used to measure an asset or liability may fall into different levels of the fair value hierarchy. In those cases, the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level of input that is significant to the entire measurement. Such determination requires significant management judgment. During the three and six months ended June 30, 2020 and 2019, there were no transfers of assets or liabilities in or out of Level 1, Level 2 or Level 3 fair value measurements. It is the Company’s policy to value any transfers between levels of the fair value hierarchy based on end of period fair values. Effective January 1, 2020, the Company elected the fair value option to account for all loans and finance receivables. The Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2020 and 2019 and December 31, 2019 are as follows (dollars in thousands): June 30, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Installment loans and RPAs (1)(2) $ 587,540 $ — $ — $ 587,540 Line of credit accounts (1) 212,122 — — 212,122 Non-qualified savings plan assets (3) 3,440 3,440 — — Investment in trading security (4) 14,171 14,171 — — Total $ 817,273 $ 17,611 $ — $ 799,662 June 30, Fair Value Measurements Using 2019 Level 1 Level 2 Level 3 Financial assets: Non-qualified savings plan assets (3) $ 2,804 $ 2,804 $ — $ — Total $ 2,804 $ 2,804 $ — $ — December 31, Fair Value Measurements Using 2019 Level 1 Level 2 Level 3 Financial assets: Non-qualified savings plan assets (3) $ 2,867 $ 2,867 $ — $ — Investment in trading security (4) 11,449 11,449 — — Total $ 14,316 $ 14,316 $ — $ — (1) Installment loans and RPAs and line of credit accounts are included in “Loans and finance receivables at fair value” in the consolidated balance sheets subsequent to December 31, 2019. (2) Installment loans and RPAs include $404.7 million in assets of consolidated VIEs as of June 30, 2020. (3) The non-qualified savings plan assets are included in “Other receivables and prepaid expenses” in the Company’s consolidated balance sheets and have an offsetting liability of equal amount, which is included in “Accounts payable and accrued expenses” in the Company’s consolidated balance sheets. (4) Investment in trading security is included in “Other assets” in the Company’s consolidated balance sheets. The Company primarily estimates the fair value of its loan and finance receivables portfolio using discounted cash flow models that have been internally developed. The models use inputs that are unobservable but reflect the Company’s best estimates of the assumptions a market participant would use to calculate fair value. The following table present s quantitative information about the significant unobservable inputs used for the Company’s loan and finance receivables fair value measurements as of June 30, 2020 : June 30, 2020 Weighted Minimum Maximum Average (1) Consumer near-prime (2) Net loss rates (4) 31.6 % 32.7 % 32.7 % Prepayment rates (4) 7.2 % 27.6 % 27.1 % Servicing costs (4) 3.0 % 3.0 % 3.0 % Discount rates 18.5 % 18.5 % 18.5 % Consumer sub-prime (2) Net loss rates (4) 15.3 % 31.6 % 28.1 % Prepayment rates (4)(5) 7.2 % 24.6 % 11.2 % Servicing costs (4) 6.5 % 28.0 % 7.0 % Discount rates 23.5 % 23.5 % 23.5 % Small business (3) Net loss rates (4) 5.4 % 32.1 % 27.0 % Prepayment rates (4) 16.5 % 22.8 % 21.4 % Servicing costs (4) 1.7 % 1.7 % 1.7 % Discount rates 13.5 % 13.5 % 13.5 % (1) Weighted by relative principal balance. (2) Includes installment loans and line of credit accounts. (3) Includes installment loans, RPAs and line of credit accounts. (4) Figure disclosed as a percentage of outstanding principal balance. (5) Not relevant for single-pay loans. Certain unobservable inputs may, in isolation, have either a directionally consistent or opposite impact on the fair value of the financial instrument for a given change in that input. An increase to the net loss rate, prepayment rate, servicing cost, or discount rate would decrease the fair value of the Company’s loans and finance receivables. When multiple inputs are used within the valuation techniques for loans, a change in one input in a certain direction may be offset by an opposite change from another input. The fair value of the nonqualified savings plan assets was deemed Level 1 as they are publicly traded equity securities for which market prices of identical assets are readily observable. The fair value of the investment in trading security was deemed Level 1 as it is a publicly traded fund with active market pricing that is readily available. The Company had no liabilities measured at fair value on a recurring basis as of June 30, Fair Value Measurements on a Non-Recurring Basis The Company measures non-financial assets and liabilities such as property and equipment and intangible assets at fair value on a non-recurring basis or when events or circumstances indicate that the carrying amount of the assets may be impaired. At June 30, Financial Assets and Liabilities Not Measured at Fair Value The Company’s financial assets and liabilities as of June 30, 2020 and 2019 and December 31, 2019 that are not measured at fair value in the consolidated balance sheets are as follows (dollars in thousands): Balance at June 30, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 321,472 $ 321,472 $ — $ — Restricted cash (1) 43,547 43,547 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 371,937 $ 365,019 $ — $ 6,918 Financial liabilities: Securitization notes 292,794 — 293,098 — 8.50% senior notes due 2024 250,000 — 223,475 — 8.50% senior notes due 2025 375,000 — 339,124 — Total $ 917,794 $ — $ 855,697 $ — Balance at June 30, Fair Value Measurements Using 2019 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 33,849 $ 33,849 $ — $ — Restricted cash (1) 20,796 20,796 — — Installment loans and RPAs, net (3)(4) 617,052 — — 653,078 Line of credit accounts, net (3) 212,406 — — 212,406 Investment in unconsolidated investee (2) 6,703 — — 6,703 Total $ 890,806 $ 54,645 $ — $ 872,187 Financial liabilities: Liability for estimated losses on consumer loans guaranteed by the Company $ 1,726 $ — $ — $ 1,726 Securitization notes 173,675 — 174,293 — 8.50% senior notes due 2024 250,000 — 239,308 — 8.50% senior notes due 2025 375,000 — 354,814 — Total $ 800,401 $ — $ 768,415 $ 1,726 Balance at December 31, Fair Value Measurements Using 2019 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 35,895 $ 35,895 $ — $ — Restricted cash (1) 45,069 45,069 — — Installment loans and RPAs, net (3)(4) 760,815 — — 848,818 Line of credit accounts, net (3) 301,835 — — 338,765 Investment in unconsolidated investee (2) 6,703 — — 6,703 Total $ 1,150,317 $ 80,964 $ — $ 1,194,286 Financial liabilities: Liability for estimated losses on consumer loans guaranteed by the Company $ 1,511 $ — $ — $ 1,511 Revolving line of credit 72,000 — — 72,000 Securitization notes 307,885 — 308,513 — 8.50% senior notes due 2024 250,000 — 238,750 — 8.50% senior notes due 2025 375,000 — 355,691 — Total $ 1,006,396 $ — $ 902,954 $ 73,511 (1) Restricted cash includes $41.2 million, $20.8 million and $42.4 million in assets of consolidated VIEs as of June 30, 2020 and 2019 and December 31, 2019, respectively. (2) Investment in unconsolidated investee is included in “Other assets” in the consolidated balance sheets. (3) Installment loans and RPAs and line of credit accounts are included in “Loans and finance receivables, net” in the consolidated balance sheets prior to January 1, 2020. (4) Installment loan and RPAs, net include $306.3 million and $420.7 million in net assets of consolidated VIEs as of June 30, 2019 and December 31, 2019, respectively. Cash and cash equivalents and restricted cash bear interest at market rates and have maturities of less than 90 days. The carrying amount of restricted cash and cash equivalents approximates fair value. Prior to January 1, 2020 short-term loans, line of credit accounts, installment loans and RPAs were carried in the consolidated balance sheet net of the allowance for estimated losses, which was calculated by applying historical loss rates combined with recent default trends to the gross receivable balance. Short-term loans and line of credit accounts have relatively short maturity periods that are generally 12 months The Company measures the fair value of its investment in unconsolidated investee using Level 3 inputs. Because the unconsolidated investee is a private company and financial information is limited, the Company estimates the fair value based on the best available information at the measurement date. In connection with its CSO programs, the Company guarantees consumer loan payment obligations to unrelated third-party lenders for short-term and installment loans the Company arranges for consumers on the third-party lenders’ behalf and is required to purchase any defaulted loans it has guaranteed. Prior to January 1, 2020 the Company measured the fair value of its liability for third-party lender-owned consumer loans under Level 3 inputs. The fair value of these liabilities was calculated by applying historical loss rates combined with recent default trends to the gross consumer loan balance. The unobservable inputs used to calculate the fair value of these loans included historical loss rates, recent default trends and estimated remaining loan terms; therefore, the carrying value of these liabilities approximated the fair value. The Company measures the fair value of its revolving line of credit using Level 3 inputs. The Company considered the fair value of its other long-term debt and the timing of expected payment(s). The fair values of the Company’s Securitization Notes and senior notes are estimated based on quoted prices in markets that are not active, which are deemed Level 2 inputs.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	1 0 . Subsequent Events Subsequent events have been reviewed through the date these financial statements were available to be issued. On July 28, 2020, the Company entered into a definitive agreement with On Deck Capital, Inc. (“OnDeck”) under which it will acquire all outstanding shares of OnDeck in a cash and stock transaction. Under the terms of the agreement, OnDeck shareholders will receive $0.12 cents per share in cash and 0.092 shares of Company common stock for each share of OnDeck common stock held. The transaction has been unanimously approved by the boards of directors of both companies and is subject to OnDeck shareholder approval and Hart-Scott-Rodino Act approval, along with customary closing conditions. The transaction is expected to close this year. OnDeck offers a wide range of term loans and lines of credit customized for the needs of small business owners. The company also offers bank clients a comprehensive technology and services platform that facilitates online lending to small business customers through ODX, a wholly owned subsidiary. OnDeck has provided over $13 billion in loans to customers in 700 different industries across the United States, Canada and Australia.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements of the Company reflect the historical results of operations and cash flows of the Company during each respective period. The consolidated financial statements include goodwill and intangible assets arising from businesses previously acquired. The financial information included herein may not be indicative of the consolidated financial position, operating results, changes in stockholders’ equity and cash flows of the Company in the future. Intercompany transactions are eliminated. The Company consolidates any variable interest entity (“VIE”) where it has been determined it is the primary beneficiary. The primary beneficiary is the entity which has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance as well as the obligation to absorb losses or receive benefits of the entity that could potentially be significant to the VIE. On October 25, 2019, the Company’s U.K. businesses were placed into administration, which resulted in treatment of the businesses as discontinued operations for all periods presented. Throughout these consolidated financial statements, unless otherwise noted, current and prior year financial information is presented as if the U.K. businesses were excluded from continuing operations as required. For further information about the placement of the segment into administration, refer to “Discontinued Operations” below. The consolidated financial statements presented as of June 30, 2020 and 2019 and for the three and six-month periods ended June 30, 2020 and 2019 are unaudited but, in management’s opinion, include all adjustments necessary for a fair presentation of the results for such interim periods. Operating results for the three and six-month periods are not necessarily indicative of the results that may be expected for the full fiscal year. Certain reclassifications have been made to prior periods to conform to the current presentation, including the incorporation of short-term loans into “Installment loans and RPAs” in disclosures that include product groupings. These consolidated financial statements and related notes should be read in conjunction with the Company’s audited consolidated financial statements as of December 31, 2019 and 2018 and for the years ended December 31, 2019, 2018 and 2017 and related notes, which are included on Form 10-K filed with the SEC on February 27, 2020.
Discontinued Operations	Discontinued Operations Beginning in 2007, the Company provided services in the United Kingdom under various brands, including QuickQuid, Pounds to Pocket and On Stride. Due in part to the level of claim and legal settlement costs incurred in conducting our U.K. business and unsuccessful discussions with U.K regulators, on October 24, 2019, the Company announced its intent to exit the U.K. market. On October 25, 2019, Grant Thornton LLP, a licensed U.K. insolvency practitioner, was appointed as administrators (“Administrators”) to take control of management of the U.K. businesses. The effect of the U.K. businesses’ entry into administration was to place their management, affairs, business and property under the direct control of the Administrators. Accordingly, the Company deconsolidated its U.K. businesses as of October 25, 2019 and is presenting them as discontinued operations for all periods presented in these consolidated financial statements. The Company recorded a one-time after-tax charge of $74.5 million, including one-time cash charges of $52.2 million, in the fourth quarter of 2019 as a result of placing the U.K. businesses into administration. During the 2020, the Company recorded an impairment charge of $0.4 million ($0.3 million net of taxes) to write down a receivable on certain expenses incurred by the Company prior to administration that were deemed non-reimbursable by the Administrators. The Company entered into a service agreement with the Administrators under which the Company provides certain administrative, technical and other services in exchange for compensation by the Administrators. The initial term of the agreement is 12 months with options to extend the term for three-month million and $ 3.1 million, respectively, in revenue related to these service s . As of June 30, 2020 , the Administrators owed the Company $ 0.9 million related to services provided. The following table provides the aggregate carrying amounts of the assets and liabilities of the U.K. businesses included in the Company’s consolidated balance sheets (in thousands): June 30, 2019 Assets Cash and cash equivalents $ 31,654 Restricted cash 2,166 Loans and finance receivables at amortized cost, net 63,124 Income taxes receivable 3,592 Other receivables and prepaid expenses 1,104 Deferred tax assets, net 6,832 Property and equipment, net 3,893 Operating lease right-of-use assets 323 Other assets 83 Total assets $ 112,771 Liabilities and Stockholders' Equity Accounts payable and accrued expenses $ 10,430 Operating lease liabilities 293 Total liabilities $ 10,723 The following table provides the financial results of the U.K. businesses, which meet the criteria of discontinued operations and, therefore, are excluded from the Company's results of continuing operations (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenue $ — $ 26,255 $ — $ 55,000 Cost of Revenue — (14,864 ) — (35,051 ) Gross Profit — 11,391 — 19,949 Expenses Marketing — 6,043 — 10,644 Operations and technology — 12,354 — 21,375 General and administrative — 632 — 1,154 Depreciation and amortization — 261 — 511 Total Expenses — 19,290 — 33,684 Loss from Operations — (7,899 ) — (13,735 ) Interest income, net — 1 — 3 Foreign currency transaction loss — (3 ) — (3 ) Impairment charges upon placement into administration — — (392 ) — Loss before Income Taxes — (7,901 ) (392 ) (13,735 ) Benefit from income taxes — (2,338 ) (104 ) (4,210 ) Net loss from discontinued operations $ — $ (5,563 ) $ (288 ) $ (9,525 )
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the consolidated balance sheets (in thousands): June 30, 2020 2019 Cash and cash equivalents $ 321,472 $ 33,849 Restricted cash 43,547 20,796 Total cash, cash equivalents and restricted cash $ 365,019 $ 54,645
Loans and Finance Receivables	Loans and Finance Receivables Prior to January 1, 2020, the Company carried its loans and finance receivables at amortized cost, less an allowance for estimated losses and unamortized net deferred origination costs. In determining the allowance, the Company applied a documented systematic methodology generally at a product level with charge-offs and recoveries, recorded as “Cost of revenue” in the consolidated statements of income. The allowance for single-pay installment loans classified as current was based on historical loss rates adjusted for recent default trends for current loans. For delinquent single-pay loans, the allowance was based on a six-month rolling average of loss rates by stage of collection. For other installment loans, RPAs and line of credit accounts, the Company generally used either a migration analysis or roll-rate based methodology to estimate losses inherent in the portfolio. The allowance under the migration analysis and roll-rate methodology was based on historical charge-off experience and the loss emergence period, which represented the average amount of time between the first occurrence of a loss event and the charge-off of a loan or RPA. The factors the Company considered to assess the adequacy of the allowance included past due performance, historical behavior of monthly vintages, underwriting changes, delinquency status, payment history and recency factors. Beginning January 1, 2020, the Company utilizes the fair value option on its entire loan and finance receivable portfolio. As such, loans and finance receivables are carried at fair value in the consolidated balance sheet with changes in fair value recorded in the consolidated income statement. To derive the fair value, the Company generally utilizes discounted cash flow analyses that factor in estimated losses and prepayments over the estimated duration of the underlying assets. Loss and prepayment assumptions are determined using historical loss data and include appropriate consideration of recent trends and anticipated future performance. Future cash flows are discounted using a rate of return that the Company believes a market participant would require. Accrued and unpaid interest and fees are included in “Loans and finance receivables” in the consolidated balance sheets.
Current and Delinquent Loans and Finance Receivables	Current and Delinquent Loans and Finance Receivables The Company classifies its loans and finance receivables as either current or delinquent. When a customer does not make a scheduled payment as of the due date, that payment is considered delinquent, and the remainder of the receivable balance is considered current. If the customer does not make two consecutive payments, the entire account or loan is classified as delinquent and placed on a non-accrual status. The Company allows for normal payment processing time before considering a loan delinquent but does not provide for any additional grace period. Where permitted by law and as long as a loan is not considered delinquent, a customer may choose to renew or extend the due date on certain installment loans. In order to renew or extend a single-pay loan, a customer must agree to pay the current finance charge for the right to make a later payment of the outstanding principal balance plus an additional finance charge. In order to renew an installment loan, the customer enters into a new installment loan contract and agrees to pay the principal balance and finance charge in accordance with the terms of the new loan contract. If a single-pay loan is renewed, but the customer fails to pay that loan’s current finance charge as of the due date, the unpaid finance charge is classified as delinquent. In response to the COVID-19 pandemic, the Company enhanced the forbearance options on its loan products, offering additional relief to impacted customers with features such as payment deferrals without the incurrence of additional finance charge or late fees. If a loan is deemed to be current and the customer makes a deferral or payment modification, the loan is still deemed to be current until the next scheduled payment is missed. The Company does not accrue interest on delinquent loans and does not resume accrual of interest on a delinquent loan unless it is returned to current status. In addition, delinquent loans generally may not be renewed, and if, during its attempt to collect on a delinquent loan, the Company allows additional time for payment through a payment plan or a promise to pay, it is still considered delinquent. Generally, all payments received are first applied against accrued but unpaid interest and fees and then against the principal balance of the loan. The Company generally charges off loans and finance receivables between 60 and 65 days delinquent. If a loan or finance receivable is deemed uncollectible prior to this, it is charged off at that point. Loans and finance receivables classified as delinquent generally have an age of one to 64 days from the date any portion of the receivable became delinquent, as defined above. Recoveries on loans and finance receivables that were previously charged off are generally recognized when collected.
Revenue Recognition	Revenue Recognition The Company recognizes revenue based on the financing products and services it offers and on loans it acquires. “Revenue” in the consolidated statements of income includes: interest income, finance charges, fees for services provided through the Company’s CSO programs (“CSO fees”), revenue on RPAs, service charges, draw fees, minimum billing fees, purchase fees, origination fees, late fees and non-sufficient funds fees as permitted by applicable laws and pursuant to the agreement with the customer. Interest is generally recognized on an effective yield basis over the contractual term of the loan on installment loans, the estimated outstanding period of the draw on line of credit accounts, or the projected delivery term on RPAs. CSO fees are recognized over the term of the loan. Late and nonsufficient funds fees are recognized when assessed to the customer. Prior to the adoption of the fair value option effective January 1, 2020, origination fees as well as certain direct costs associated with originating loans were deferred and amortized into or against revenue on an effective yield basis over the term of the loan or the projected delivery term of the finance receivable. Subsequent to the election of the fair value option, these fees and costs are no longer eligible for deferral. As such, origination fees on installment loans, purchase fees on RPAs, and draw fees on line of credit accounts are recognized when assessed to the customer.
Marketing Expenses	Marketing Expenses Marketing expenses consist of digital costs, lead purchase costs and offline marketing costs such as television and direct mail advertising. With the adoption of the fair value option on January 1, 2020, all marketing expenses are expensed as incurred. Prior to January 1, 2020, marketing costs directly related to loan and RPA originations were deferred and amortized against revenue, whereas marketing costs not directly resulting in loan and RPA originations were expensed as incurred.
Variable Interest Entities	Variable Interest Entities As part of the Company’s overall funding strategy and as part of its efforts to support its liquidity from varying sources, the Company has established a securitization program through several securitization facilities. The Company transferred certain consumer loan receivables to VIEs which issue notes backed by the underlying consumer loan receivables and are serviced by another wholly owned subsidiary of the Company. The cash flows from the loans held by the VIEs are used to repay obligations under the notes. The Company is required to evaluate the VIEs for consolidation. The Company has the ability to direct the activities of the VIEs that most significantly impact the economic performance of the entities as the servicer of the securitized loan receivables. Additionally, the Company has the right to receive residual payments, which expose it to potentially significant losses and returns. Accordingly, the Company determined it is the primary beneficiary of the VIEs and is required to consolidate them. The assets and liabilities related to the VIEs are included in the Company’s consolidated financial statements and are accounted for as secured borrowings.
Adopted Accounting Standards	Adopted In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief, Financial Instruments—Credit Losses—Measured at Amortized Cost Financial Instruments—Overall Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates, effective date of ASU 2016 ‑13 for public business entities that meet the definition of an SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for annual periods beginning after December 15, 2019, and interim periods within those annual periods. The Company adopted ASU 2016-13 and the related aforementioned ASUs under the modified-retrospective method effective January 1, 2020 and elected the fair value option to account for all loans and finance receivables. The Company believes that the fair value option better reflects the value of its portfolio and its future economic performance as well as more closely aligning with the Company’s marginal decision-making processes that rely on risk-based pricing and discounted cash flow methodologies. In accordance with the transition guidance, the Company (i) released the allowance for estimated losses on loans and finance receivables at that date; (ii) released the unamortized net deferred origination costs at that date; and (iii) measured the loans and finance receivables at fair value. As a result of the adoption of this ASU, the Company’s loans and finance receivables are carried at fair value with changes in fair value recognized directly in earnings and origination fees and costs are no longer eligible for deferral. The following table summarizes the impact of adoption on the consolidated balance sheet as of January 1, 2020 (in thousands): Increase (decrease) Assets Loans and finance receivables at fair value $ 124,933 Total assets $ 124,933 Liabilities and Stockholders' Equity Accounts payable and accrued expenses $ (4,486 ) Deferred tax liabilities, net 30,478 Total liabilities 25,992 Stockholders' equity: Retained earnings 98,941 Total stockholders' equity 98,941 Total liabilities and stockholders' equity $ 124,933 In August 2018, the FASB issued ASU 2018 - Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract - - - In August 2018, the FASB issued ASU 2018-13, Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement In January 2017, the FASB issued ASU 2017 - Intangibles – Goodwill and Other (Topic 350) – Simplifying the Test for Goodwill Impairment - - - Accounting Standards to be Adopted in Future Periods In November 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Discontinued Operations in Financial Statements	The following table provides the aggregate carrying amounts of the assets and liabilities of the U.K. businesses included in the Company’s consolidated balance sheets (in thousands): June 30, 2019 Assets Cash and cash equivalents $ 31,654 Restricted cash 2,166 Loans and finance receivables at amortized cost, net 63,124 Income taxes receivable 3,592 Other receivables and prepaid expenses 1,104 Deferred tax assets, net 6,832 Property and equipment, net 3,893 Operating lease right-of-use assets 323 Other assets 83 Total assets $ 112,771 Liabilities and Stockholders' Equity Accounts payable and accrued expenses $ 10,430 Operating lease liabilities 293 Total liabilities $ 10,723 The following table provides the financial results of the U.K. businesses, which meet the criteria of discontinued operations and, therefore, are excluded from the Company's results of continuing operations (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenue $ — $ 26,255 $ — $ 55,000 Cost of Revenue — (14,864 ) — (35,051 ) Gross Profit — 11,391 — 19,949 Expenses Marketing — 6,043 — 10,644 Operations and technology — 12,354 — 21,375 General and administrative — 632 — 1,154 Depreciation and amortization — 261 — 511 Total Expenses — 19,290 — 33,684 Loss from Operations — (7,899 ) — (13,735 ) Interest income, net — 1 — 3 Foreign currency transaction loss — (3 ) — (3 ) Impairment charges upon placement into administration — — (392 ) — Loss before Income Taxes — (7,901 ) (392 ) (13,735 ) Benefit from income taxes — (2,338 ) (104 ) (4,210 ) Net loss from discontinued operations $ — $ (5,563 ) $ (288 ) $ (9,525 )
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the consolidated balance sheets (in thousands): June 30, 2020 2019 Cash and cash equivalents $ 321,472 $ 33,849 Restricted cash 43,547 20,796 Total cash, cash equivalents and restricted cash $ 365,019 $ 54,645
Summary of Impact of Adoption ASU 2016-13	The following table summarizes the impact of adoption on the consolidated balance sheet as of January 1, 2020 (in thousands): Increase (decrease) Assets Loans and finance receivables at fair value $ 124,933 Total assets $ 124,933 Liabilities and Stockholders' Equity Accounts payable and accrued expenses $ (4,486 ) Deferred tax liabilities, net 30,478 Total liabilities 25,992 Stockholders' equity: Retained earnings 98,941 Total stockholders' equity 98,941 Total liabilities and stockholders' equity $ 124,933

Loans and Finance Receivables (

Loans and Finance Receivables (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of Revenue Generated from Loans and Finance Receivables	Revenue generated from the Company’s loans and finance receivables for the three and six months ended June 30, 2020 and 2019 was as follows (dollars in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Installment loans and RPAs $ 126,224 $ 148,531 $ 300,258 $ 308,173 Line of credit accounts 125,478 110,670 311,250 215,153 Total loans and finance receivables revenue 251,702 259,201 611,508 523,326 Other 1,359 244 3,805 557 Total revenue $ 253,061 $ 259,445 $ 615,313 $ 523,883
Components of Company-owned Loans and Finance Receivables at Fair Value	The components of Company-owned loans and finance receivables at June 30, 2020 were as follows (dollars in thousands): As of June 30, 2020 Installment Loans and Line of Credit RPAs Accounts Total Principal balance - accrual $ 536,245 $ 180,703 $ 716,948 Principal balance - non-accrual 34,245 16,411 50,656 Total principal balance 570,490 197,114 767,604 Loans and finance receivables at fair value - accrual 572,509 207,493 780,002 Loans and finance receivables at fair value - non-accrual 15,031 4,629 19,660 Loans and finance receivables at fair value 587,540 212,122 799,662 Difference between principal balance and fair value $ 17,050 $ 15,008 $ 32,058
Schedule of Changes in Fair Value of Company-owned Loans and Finance Receivables	Changes in the fair value of Company-owned loans and finance receivables during the three and six months ended June 30, 2020 were as follows (dollars in thousands): Three Months Ended June 30, 2020 Installment Loans and Line of Credit RPAs Accounts Total Balance at beginning of period $ 772,469 $ 320,738 $ 1,093,207 Originations or acquisitions 35,696 40,294 75,990 Interest and fees (1) 126,224 125,478 251,702 Repayments (276,245 ) (223,886 ) (500,131 ) Charge-offs, net (2) (71,362 ) (84,613 ) (155,975 ) Net change in fair value (2) 1,192 34,111 35,303 Effect of foreign currency translation (434 ) — (434 ) Balance at end of period $ 587,540 $ 212,122 $ 799,662 Six Months Ended June 30, 2020 Installment Loans and Line of Credit RPAs Accounts Total Balance at beginning of period $ 848,818 $ 338,765 $ 1,187,583 Originations or acquisitions 284,567 211,164 495,731 Interest and fees (1) 300,258 311,250 611,508 Repayments (640,760 ) (494,353 ) (1,135,113 ) Charge-offs, net (2) (167,634 ) (191,565 ) (359,199 ) Net change in fair value (2) (34,053 ) 36,861 2,808 Effect of foreign currency translation (3,656 ) — (3,656 ) Balance at end of period $ 587,540 $ 212,122 $ 799,662 (1) Included in “Revenue” in the consolidated statements of income. (2) Included in “Change in Fair Value” in the consolidated statements of income.
Components of Company-Owned Loans and Finance Receivables	Prior to January 1, 2020, the Company carried its loans and finance receivables at amortized cost, including unamortized net deferred origination costs, less an allowance for estimated losses. The components of Company-owned loans and finance receivables at June 30, 2019 and December 31, 2019 were as follows (dollars in thousands): As of June 30, 2019 Installment Loans and Line of Credit RPAs Accounts Total Current receivables $ 641,984 $ 250,360 $ 892,344 Delinquent receivables: Delinquent payment amounts (1) 2,098 11,160 13,258 Receivables on non-accrual status 58,816 2,305 61,121 Total delinquent receivables 60,914 13,465 74,379 Total loans and finance receivables, gross 702,898 263,825 966,723 Less: Allowance for losses (85,846 ) (51,419 ) (137,265 ) Loans and finance receivables, net $ 617,052 $ 212,406 $ 829,458 As of December 31, 2019 Installment Loans and Line of Credit RPAs Accounts Total Current receivables $ 775,390 $ 365,820 $ 1,141,210 Delinquent receivables: Delinquent payment amounts (1) 1,924 22,441 24,365 Receivables on non-accrual status 69,438 4,576 74,014 Total delinquent receivables 71,362 27,017 98,379 Total loans and finance receivables, gross 846,752 392,837 1,239,589 Less: Allowance for losses (85,937 ) (91,002 ) (176,939 ) Loans and finance receivables, net $ 760,815 $ 301,835 $ 1,062,650 (1) Represents the delinquent portion of installment loans and line of credit account balances for customers that have only missed one payment and RPA customers who have not delivered agreed upon receivables. See “Current and Delinquent Loans and Finance Receivables” above for additional information.
Schedule of Changes in Allowance for Losses	Changes in the allowance for losses for the Company-owned loans and finance receivables and the liability for losses on the Company’s guarantees of third-party lender-owned loans during the three and six months ended June 30, 2019 were as follows (dollars in thousands): Three Months Ended June 30, 2019 Installment Loans and Line of Credit RPAs Accounts Total Allowance for losses for Company-owned loans and finance receivables: Balance at beginning of period $ 81,126 $ 41,363 $ 122,489 Cost of revenue 74,422 48,549 122,971 Charge-offs (88,871 ) (42,089 ) (130,960 ) Recoveries 19,110 3,596 22,706 Effect of foreign currency translation 59 — 59 Balance at end of period $ 85,846 $ 51,419 $ 137,265 Liability for third-party lender-owned loans: Balance at beginning of period $ 1,264 $ — $ 1,264 Decrease in liability 462 — 462 Balance at end of period $ 1,726 $ — $ 1,726 Six Months Ended June 30, 2019 Installment Loans and Line of Credit RPAs Accounts Total Allowance for losses for Company-owned loans and finance receivables: Balance at beginning of period $ 93,205 $ 51,009 $ 144,214 Cost of revenue 156,282 86,449 242,731 Charge-offs (202,863 ) (93,295 ) (296,158 ) Recoveries 39,189 7,256 46,445 Effect of foreign currency translation 33 — 33 Balance at end of period $ 85,846 $ 51,419 $ 137,265 Liability for third-party lender-owned loans: Balance at beginning of period $ 2,166 $ — $ 2,166 Decrease in liability (440 ) — (440 ) Balance at end of period $ 1,726 $ — $ 1,726

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Summary of Long-Term Debt Instruments and Balances Outstanding	The Company’s long-term debt instruments and balances outstanding as of June 30, 2020 and 2019 and December 31, 2019 were as follows (dollars in thousands): June 30, December 31, 2020 2019 2019 Securitization notes $ 292,794 $ 173,675 $ 307,885 Revolving line of credit — — 72,000 8.50% senior notes due 2024 250,000 250,000 250,000 8.50% senior notes due 2025 375,000 375,000 375,000 Subtotal 917,794 798,675 1,004,885 Less: Long-term debt issuance costs (11,206 ) (13,171 ) (13,704 ) Total long-term debt $ 906,588 $ 785,504 $ 991,181

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted Earnings per Share Computations	The following table sets forth the reconciliation of numerators and denominators of basic and diluted earnings per share computations for the three and six months ended June 30, 2020 and 2019 (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Numerator: Net income from continuing operations $ 48,026 $ 30,626 $ 53,774 $ 69,605 Net loss from discontinued operations — (5,563 ) (288 ) (9,525 ) Net income $ 48,026 $ 25,063 $ 53,486 $ 60,080 Denominator: Total weighted average basic shares 30,203 33,826 31,270 33,660 Shares applicable to stock-based compensation 149 643 322 791 Total weighted average diluted shares 30,352 34,469 31,592 34,451 Earnings per common share – basic: Continuing operations $ 1.59 $ 0.91 $ 1.72 $ 2.07 Discontinued operations — (0.17 ) (0.01 ) (0.29 ) Earnings per common share – basic $ 1.59 $ 0.74 $ 1.71 $ 1.78 Earnings per common share – diluted: Continuing operations $ 1.58 $ 0.89 $ 1.70 $ 2.02 Discontinued operations — (0.16 ) (0.01 ) (0.28 ) Earnings per common share – diluted $ 1.58 $ 0.73 $ 1.69 $ 1.74

Operating Segment Information (

Operating Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Summary of Company's Revenue by Geographical Region	The following table presents the Company’s revenue by geographic region for the three and six months ended June 30, 2020 and 2019 (dollars in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenue United States $ 250,483 $ 254,205 $ 608,199 $ 512,193 Other international countries 2,578 5,240 7,114 11,690 Total revenue $ 253,061 $ 259,445 $ 615,313 $ 523,883

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Assets and Liabilities Measured on Recurring Basis	The Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2020 and 2019 and December 31, 2019 are as follows (dollars in thousands): June 30, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Installment loans and RPAs (1)(2) $ 587,540 $ — $ — $ 587,540 Line of credit accounts (1) 212,122 — — 212,122 Non-qualified savings plan assets (3) 3,440 3,440 — — Investment in trading security (4) 14,171 14,171 — — Total $ 817,273 $ 17,611 $ — $ 799,662 June 30, Fair Value Measurements Using 2019 Level 1 Level 2 Level 3 Financial assets: Non-qualified savings plan assets (3) $ 2,804 $ 2,804 $ — $ — Total $ 2,804 $ 2,804 $ — $ — December 31, Fair Value Measurements Using 2019 Level 1 Level 2 Level 3 Financial assets: Non-qualified savings plan assets (3) $ 2,867 $ 2,867 $ — $ — Investment in trading security (4) 11,449 11,449 — — Total $ 14,316 $ 14,316 $ — $ — (1) Installment loans and RPAs and line of credit accounts are included in “Loans and finance receivables at fair value” in the consolidated balance sheets subsequent to December 31, 2019. (2) Installment loans and RPAs include $404.7 million in assets of consolidated VIEs as of June 30, 2020. (3) The non-qualified savings plan assets are included in “Other receivables and prepaid expenses” in the Company’s consolidated balance sheets and have an offsetting liability of equal amount, which is included in “Accounts payable and accrued expenses” in the Company’s consolidated balance sheets. (4) Investment in trading security is included in “Other assets” in the Company’s consolidated balance sheets.
Summary of Quantitative Information About the Significant Unobservable Inputs Used for Loan and Finance Receivables Fair Value Measurements	The following table present s quantitative information about the significant unobservable inputs used for the Company’s loan and finance receivables fair value measurements as of June 30, 2020 : June 30, 2020 Weighted Minimum Maximum Average (1) Consumer near-prime (2) Net loss rates (4) 31.6 % 32.7 % 32.7 % Prepayment rates (4) 7.2 % 27.6 % 27.1 % Servicing costs (4) 3.0 % 3.0 % 3.0 % Discount rates 18.5 % 18.5 % 18.5 % Consumer sub-prime (2) Net loss rates (4) 15.3 % 31.6 % 28.1 % Prepayment rates (4)(5) 7.2 % 24.6 % 11.2 % Servicing costs (4) 6.5 % 28.0 % 7.0 % Discount rates 23.5 % 23.5 % 23.5 % Small business (3) Net loss rates (4) 5.4 % 32.1 % 27.0 % Prepayment rates (4) 16.5 % 22.8 % 21.4 % Servicing costs (4) 1.7 % 1.7 % 1.7 % Discount rates 13.5 % 13.5 % 13.5 % (1) Weighted by relative principal balance. (2) Includes installment loans and line of credit accounts. (3) Includes installment loans, RPAs and line of credit accounts. (4) Figure disclosed as a percentage of outstanding principal balance. (5) Not relevant for single-pay loans.
Financial Assets and Liabilities Not Measured at Fair Value	The Company’s financial assets and liabilities as of June 30, 2020 and 2019 and December 31, 2019 that are not measured at fair value in the consolidated balance sheets are as follows (dollars in thousands): Balance at June 30, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 321,472 $ 321,472 $ — $ — Restricted cash (1) 43,547 43,547 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 371,937 $ 365,019 $ — $ 6,918 Financial liabilities: Securitization notes 292,794 — 293,098 — 8.50% senior notes due 2024 250,000 — 223,475 — 8.50% senior notes due 2025 375,000 — 339,124 — Total $ 917,794 $ — $ 855,697 $ — Balance at June 30, Fair Value Measurements Using 2019 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 33,849 $ 33,849 $ — $ — Restricted cash (1) 20,796 20,796 — — Installment loans and RPAs, net (3)(4) 617,052 — — 653,078 Line of credit accounts, net (3) 212,406 — — 212,406 Investment in unconsolidated investee (2) 6,703 — — 6,703 Total $ 890,806 $ 54,645 $ — $ 872,187 Financial liabilities: Liability for estimated losses on consumer loans guaranteed by the Company $ 1,726 $ — $ — $ 1,726 Securitization notes 173,675 — 174,293 — 8.50% senior notes due 2024 250,000 — 239,308 — 8.50% senior notes due 2025 375,000 — 354,814 — Total $ 800,401 $ — $ 768,415 $ 1,726 Balance at December 31, Fair Value Measurements Using 2019 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 35,895 $ 35,895 $ — $ — Restricted cash (1) 45,069 45,069 — — Installment loans and RPAs, net (3)(4) 760,815 — — 848,818 Line of credit accounts, net (3) 301,835 — — 338,765 Investment in unconsolidated investee (2) 6,703 — — 6,703 Total $ 1,150,317 $ 80,964 $ — $ 1,194,286 Financial liabilities: Liability for estimated losses on consumer loans guaranteed by the Company $ 1,511 $ — $ — $ 1,511 Revolving line of credit 72,000 — — 72,000 Securitization notes 307,885 — 308,513 — 8.50% senior notes due 2024 250,000 — 238,750 — 8.50% senior notes due 2025 375,000 — 355,691 — Total $ 1,006,396 $ — $ 902,954 $ 73,511 (1) Restricted cash includes $41.2 million, $20.8 million and $42.4 million in assets of consolidated VIEs as of June 30, 2020 and 2019 and December 31, 2019, respectively. (2) Investment in unconsolidated investee is included in “Other assets” in the consolidated balance sheets. (3) Installment loans and RPAs and line of credit accounts are included in “Loans and finance receivables, net” in the consolidated balance sheets prior to January 1, 2020. (4) Installment loan and RPAs, net include $306.3 million and $420.7 million in net assets of consolidated VIEs as of June 30, 2019 and December 31, 2019, respectively.

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Oct. 24, 2019
Significant Accounting Policies [Line Items]
Revenue	$ 253,061	$ 259,445	$ 615,313	$ 523,883
U.K. Business
Significant Accounting Policies [Line Items]
Initial term of agreement			12 months
Options to extend term			3 months
Revenue	1,200		$ 3,100
Administrative fee due	$ 900		900
Discontinued Operations
Significant Accounting Policies [Line Items]
Impairment charges			400
Impairment charges, net of tax			$ 300
Discontinued Operations | U.K. Business
Significant Accounting Policies [Line Items]
Lending activities, recorded one-time exit charge, after tax					$ 74,500
Lending activities, recorded one-time exit cash charges					$ 52,200

Significant Accounting Polici_5

Significant Accounting Policies - Schedule of Aggregate Carrying Amounts of the Assets and Liabilities (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Assets
Total assets	$ 112,771
Liabilities and Stockholders' Equity
Total liabilities	10,723
U.K. Business
Assets
Cash and cash equivalents	31,654
Restricted cash	2,166
Loans and finance receivables at amortized cost, net	63,124
Income taxes receivable	3,592
Other receivables and prepaid expenses	1,104
Deferred tax assets, net	6,832
Property and equipment, net	3,893
Operating lease right-of-use assets	323
Other assets	83
Total assets	112,771
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	10,430
Operating lease liabilities	293
Total liabilities	$ 10,723

Significant Accounting Polici_6

Significant Accounting Policies - Schedule of Financial Results (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Expenses
Net loss from discontinued operations	$ (5,563)	$ (288)	$ (9,525)
U.K. Business
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Revenue	26,255		55,000
Cost of Revenue	(14,864)		(35,051)
Gross Profit	11,391		19,949
Expenses
Marketing	6,043		10,644
Operations and technology	12,354		21,375
General and administrative	632		1,154
Depreciation and amortization	261		511
Total Expenses	19,290		33,684
Loss from Operations	(7,899)		(13,735)
Interest income, net	1		3
Foreign currency transaction loss	(3)		(3)
Impairment charges upon placement into administration		(392)
Loss before Income Taxes	(7,901)	(392)	(13,735)
Benefit from income taxes	(2,338)	(104)	(4,210)
Net loss from discontinued operations	$ (5,563)	$ (288)	$ (9,525)

Significant Accounting Polici_7

Significant Accounting Policies - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Detail) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and cash equivalents	[1]	$ 321,472	$ 35,895	$ 33,849
Restricted cash	[1]	43,547	45,069	20,796
Total cash, cash equivalents and restricted cash		$ 365,019	$ 80,964	$ 54,645	$ 50,283
[1]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.

Significant Accounting Polici_8

Significant Accounting Policies -Summary of Impact of Adoption ASU 2016-13 (Detail) - USD ($) $ in Thousands		Jun. 30, 2020		Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets
Loans and finance receivables at fair value		$ 799,662	[1]	$ 1,093,207	$ 1,187,583
Total assets		1,578,973			1,574,352	$ 1,390,299
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	[1]	87,691			122,163	107,765
Deferred tax liabilities, net		72,869			48,683	42,451
Total liabilities		1,102,753			1,197,739	983,846
Stockholders' equity:
Retained earnings		525,108			372,681	396,149
Total stockholders' equity		476,220		$ 438,214	376,613	406,453	$ 379,214	$ 347,768
Total liabilities and stockholders' equity		1,578,973			$ 1,574,352	$ 1,390,299
ASU 2016-13 | Adjustments
Assets
Loans and finance receivables at fair value		124,933
Total assets		124,933
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses		(4,486)
Deferred tax liabilities, net		30,478
Total liabilities		25,992
Stockholders' equity:
Retained earnings		98,941
Total stockholders' equity		98,941
Total liabilities and stockholders' equity		$ 124,933
[1]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.

Loans and Finance Receivables -

Loans and Finance Receivables - Schedule of Revenue Generated from Loans and Finance Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounts Notes And Loans Receivable [Line Items]
Total loans and finance receivables revenue	$ 251,702	$ 259,201	$ 611,508	$ 523,326
Other	1,359	244	3,805	557
Total revenue	253,061	259,445	615,313	523,883
Line of Credit Accounts
Accounts Notes And Loans Receivable [Line Items]
Total loans and finance receivables revenue	125,478	110,670	311,250	215,153
Installment Loans and RPAs
Accounts Notes And Loans Receivable [Line Items]
Total loans and finance receivables revenue	$ 126,224	$ 148,531	$ 300,258	$ 308,173

Loans and Finance Receivables_2

Loans and Finance Receivables - Components of Company-owned Loans and Finance Receivables At Fair Value (Detail) - USD ($) $ in Thousands	Jun. 30, 2020		Mar. 31, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Principal balance - accrual	$ 716,948
Principal balance - non-accrual	50,656
Total principal balance	767,604
Loans and finance receivables at fair value - accrual	780,002
Loans and finance receivables at fair value - non-accrual	19,660
Loans and finance receivables at fair value	799,662	[1]	$ 1,093,207	$ 1,187,583
Difference between principal balance and fair value	32,058
Installment Loans and RPAs
Accounts Notes And Loans Receivable [Line Items]
Principal balance - accrual	536,245
Principal balance - non-accrual	34,245
Total principal balance	570,490
Loans and finance receivables at fair value - accrual	572,509
Loans and finance receivables at fair value - non-accrual	15,031
Loans and finance receivables at fair value	587,540		772,469	848,818
Difference between principal balance and fair value	17,050
Line of Credit Accounts
Accounts Notes And Loans Receivable [Line Items]
Principal balance - accrual	180,703
Principal balance - non-accrual	16,411
Total principal balance	197,114
Loans and finance receivables at fair value - accrual	207,493
Loans and finance receivables at fair value - non-accrual	4,629
Loans and finance receivables at fair value	212,122		$ 320,738	$ 338,765
Difference between principal balance and fair value	$ 15,008
[1]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.

Loans and Finance Receivables_3

Loans and Finance Receivables - Schedule of Changes in Fair Value of Company-owned Loans and Finance Receivables (Detail) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
		Jun. 30, 2020	Jun. 30, 2020
Accounts Notes And Loans Receivable [Line Items]
Balance at beginning of period		$ 1,093,207	$ 1,187,583
Originations or acquisitions		75,990	495,731
Interest and fees	[1]	251,702	611,508
Repayments		(500,131)	(1,135,113)
Charge-offs, net	[2]	(155,975)	(359,199)
Net change in fair value	[2]	35,303	2,808
Effect of foreign currency translation		(434)	(3,656)
Balance at end of period	[3]	799,662	799,662
Installment Loans and RPAs
Accounts Notes And Loans Receivable [Line Items]
Balance at beginning of period		772,469	848,818
Originations or acquisitions		35,696	284,567
Interest and fees	[1]	126,224	300,258
Repayments		(276,245)	(640,760)
Charge-offs, net	[2]	(71,362)	(167,634)
Net change in fair value	[2]	1,192	(34,053)
Effect of foreign currency translation		(434)	(3,656)
Balance at end of period		587,540	587,540
Line of Credit Accounts
Accounts Notes And Loans Receivable [Line Items]
Balance at beginning of period		320,738	338,765
Originations or acquisitions		40,294	211,164
Interest and fees	[1]	125,478	311,250
Repayments		(223,886)	(494,353)
Charge-offs, net	[2]	(84,613)	(191,565)
Net change in fair value	[2]	34,111	36,861
Balance at end of period		$ 212,122	$ 212,122
[1]	Included in “Revenue” in the consolidated statements of income.
[2]	Included in “Change in Fair Value” in the consolidated statements of income.
[3]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.

Loans and Finance Receivables_4

Loans and Finance Receivables - Components of Company-Owned Loans and Finance Receivables (Detail) - USD ($) $ in Thousands		Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts Notes And Loans Receivable [Line Items]
Current receivables		$ 1,141,210	$ 892,344
Delinquent payment amounts	[1]	24,365	13,258
Receivables on non-accrual status		74,014	61,121
Total delinquent receivables		98,379	74,379
Total loans and finance receivables, gross		1,239,589	966,723
Less: Allowance for losses		(176,939)	(137,265)	$ (122,489)	$ (144,214)
Loans and finance receivables, net	[2]	1,062,650	829,458
Installment Loans and RPAs
Accounts Notes And Loans Receivable [Line Items]
Current receivables		775,390	641,984
Delinquent payment amounts	[1]	1,924	2,098
Receivables on non-accrual status		69,438	58,816
Total delinquent receivables		71,362	60,914
Total loans and finance receivables, gross		846,752	702,898
Less: Allowance for losses		(85,937)	(85,846)	(81,126)	(93,205)
Loans and finance receivables, net		760,815	617,052
Line of Credit Accounts
Accounts Notes And Loans Receivable [Line Items]
Current receivables		365,820	250,360
Delinquent payment amounts	[1]	22,441	11,160
Receivables on non-accrual status		4,576	2,305
Total delinquent receivables		27,017	13,465
Total loans and finance receivables, gross		392,837	263,825
Less: Allowance for losses		(91,002)	(51,419)	$ (41,363)	$ (51,009)
Loans and finance receivables, net		$ 301,835	$ 212,406
[1]	Represents the delinquent portion of installment loans and line of credit account balances for customers that have only missed one payment and RPA customers who have not delivered agreed upon receivables. See “Current and Delinquent Loans and Finance Receivables” above for additional information.
[2]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.

Loans and Finance Receivables_5

Loans and Finance Receivables - Schedule of Changes in Allowance for Losses (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Allowance for losses for Company-owned loans and finance receivables
Balance at beginning of period	$ 122,489	$ 144,214
Cost of revenue	122,971	242,731
Charge-offs	(130,960)	(296,158)
Recoveries	22,706	46,445
Effect of foreign currency translation	59	33
Balance at end of period	137,265	137,265
Liability for third-party lender-owned loans
Balance at beginning of period	1,264	2,166
Decrease in liability	462	(440)
Balance at end of period	1,726	1,726
Installment Loans and RPAs
Allowance for losses for Company-owned loans and finance receivables
Balance at beginning of period	81,126	93,205
Cost of revenue	74,422	156,282
Charge-offs	(88,871)	(202,863)
Recoveries	19,110	39,189
Effect of foreign currency translation	59	33
Balance at end of period	85,846	85,846
Liability for third-party lender-owned loans
Balance at beginning of period	1,264	2,166
Decrease in liability	462	(440)
Balance at end of period	1,726	1,726
Line of Credit Accounts
Allowance for losses for Company-owned loans and finance receivables
Balance at beginning of period	41,363	51,009
Cost of revenue	48,549	86,449
Charge-offs	(42,089)	(93,295)
Recoveries	3,596	7,256
Balance at end of period	$ 51,419	$ 51,419

Loans and Finance Receivables_6

Loans and Finance Receivables - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Receivables [Abstract]
Active consumer loans owned by third-party lenders	$ 6.1	$ 27.6	$ 21.5
Accrual for losses on consumer loan guaranty obligations	6.6
Accrual for third party lender owned consumer loans, outstanding principle amount	$ 5.2

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt Instruments and Balances Outstanding (Detail) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Debt Instrument [Line Items]
Securitization notes		$ 292,794	$ 307,885	$ 173,675
Subtotal		917,794	1,004,885	798,675
Less: Long-term debt issuance costs		(11,206)	(13,704)	(13,171)
Total long-term debt	[1]	906,588	991,181	785,504
Revolving Line of Credit
Debt Instrument [Line Items]
Revolving line of credit			72,000
8.50% Senior Notes Due 2024
Debt Instrument [Line Items]
Senior notes		250,000	250,000	250,000
8.50% Senior Notes Due 2025
Debt Instrument [Line Items]
Senior notes		$ 375,000	$ 375,000	$ 375,000
[1]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.

Long-term Debt - Summary of L_2

Long-term Debt - Summary of Long-Term Debt Instruments and Balances Outstanding (Parenthetical) (Detail)	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Sep. 19, 2018	Sep. 01, 2017
8.50% Senior Notes Due 2024
Debt Instrument [Line Items]
Debt instrument, interest rate	8.50%	8.50%	8.50%		8.50%
Debt instrument, maturity period	2024	2024	2024
8.50% Senior Notes Due 2025
Debt Instrument [Line Items]
Debt instrument, interest rate	8.50%	8.50%	8.50%	8.50%
Debt instrument, maturity period	2025	2025	2025

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail) - USD ($)	Oct. 17, 2019	Jul. 01, 2019	Feb. 25, 2019	Oct. 23, 2018	Sep. 19, 2018	Jul. 23, 2018	Sep. 01, 2017	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Oct. 31, 2018
Debt Instrument [Line Items]
Weighted average interest rates								8.06%	8.85%
Securitization notes								$ 292,794,000	$ 173,675,000	$ 307,885,000
8.50% Senior Unsecured Notes Due 2025
Debt Instrument [Line Items]
Debt instrument, face amount					$ 375,000,000
Debt instrument, maturity date								Sep. 15, 2025
Debt instrument, interest rate					8.50%			8.50%	8.50%	8.50%
Debt instrument, payment terms								The 2025 Senior Notes bear interest at a rate of 8.50% annually on the principal amount payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2019.
Debt instrument, percentage of sale price					100.00%
Notes redemption, description								The 2025 Senior Notes are redeemable at the Company’s option, in whole or in part, (i) at any time prior to September 15, 2021 at 100% of the aggregate principal amount of 2025 Senior Notes redeemed plus the applicable “make whole” premium specified in the indenture that governs the Company’s 2025 Notes (the “2025 Senior Notes Indenture”), plus accrued and unpaid interest, if any, to the redemption date and (ii) at any time on or after September 15, 2021 at the premium, if any, specified in the 2025 Senior Notes Indenture that will decrease over time, plus accrued and unpaid interest, if any, to the redemption date.
Note redeem rate					100.00%
Debt instrument, maturity period								2025	2025	2025
8.50% Senior Unsecured Notes Due 2025 | $375.0 million 8.50% Senior Unsecured Notes Redemption, Under Additional Option Available
Debt Instrument [Line Items]
Note redeem rate					108.50%
Percentage of notes principal redeemable					40.00%
9.75% Senior Unsecured Notes Due 2021
Debt Instrument [Line Items]
Debt instrument, interest rate					9.75%
Debt instrument, repurchase of principal amount					$ 295,000,000
Debt instrument, maturity period					2021
8.50% Senior Unsecured Notes Due 2024
Debt Instrument [Line Items]
Debt instrument, face amount							$ 250,000,000
Debt instrument, maturity date								Sep. 1, 2024
Debt instrument, interest rate							8.50%	8.50%	8.50%	8.50%
Debt instrument, payment terms								The 2024 Senior Notes bear interest at a rate of 8.50% annually on the principal amount payable semi-annually in arrears on March 1 and September 1 of each year, beginning on March 1, 2018.
Debt instrument, percentage of sale price							100.00%
Notes redemption, description								The 2024 Senior Notes are redeemable at the Company’s option, in whole or in part, (i) at any time prior to September 1, 2020 at 100% of the aggregate principal amount of 2024 Senior Notes redeemed plus the applicable “make whole” premium specified in the indenture that governs the Company’s 2024 Notes (the “2024 Senior Notes Indenture”), plus accrued and unpaid interest, if any, to the redemption date and (ii) at any time on or after September 1, 2020 at the premium, if any, specified in the 2024 Senior Notes Indenture that will decrease over time, plus accrued and unpaid interest, if any, to the redemption date.
Note redeem rate							100.00%
Debt instrument, maturity period								2024	2024	2024
8.50% Senior Unsecured Notes Due 2024 | $250.0 million 8.50% Senior Unsecured Notes Redemption, Under Additional Option Available
Debt Instrument [Line Items]
Note redeem rate							108.50%
Percentage of notes principal redeemable							40.00%
2019-A Notes
Debt Instrument [Line Items]
Securitization notes								$ 101,400,000		$ 173,300,000
Sale of securitization receivables	$ 200,000,000
Sale of additional securitization receivables										22,200,000
2019-A Notes | Class A Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 138,888,000
Debt instrument, interest rate	3.96%
2019-A Notes | Class B Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 44,445,000
Debt instrument, interest rate	6.17%
2019-A Notes | Class C Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 16,667,000
Debt instrument, interest rate	7.62%
2019-1 Facility
Debt Instrument [Line Items]
Debt instrument, face amount			$ 50,000,000
Securitization notes								30,000,000	$ 12,800,000	12,800,000
Debt instrument maturity term			3 years
2019-1 Facility | LIBOR
Debt Instrument [Line Items]
Debt instrument, effective percentage			9.75%
Debt instrument, frequency of periodic payment			monthly
2019-1 Facility | PCAM Credit II, LLC
Debt Instrument [Line Items]
Debt instrument, face amount			$ 75,000,000
2019-1 Facility | Initial Term Note
Debt Instrument [Line Items]
Debt instrument, face amount			30,000,000
2019-1 Facility | Initial Term Note | PCAM Credit II, LLC
Debt Instrument [Line Items]
Debt instrument, face amount			50,000,000
2019-1 Facility | Revolving Note
Debt Instrument [Line Items]
Debt instrument, face amount			20,000,000
2019-1 Facility | Revolving Note | PCAM Credit II, LLC
Debt Instrument [Line Items]
Debt instrument, face amount			$ 25,000,000
2018-A Notes
Debt Instrument [Line Items]
Securitization notes								$ 28,100,000	63,100,000	41,800,000
2018-A Notes | Class A Notes
Debt Instrument [Line Items]
Debt instrument, face amount											$ 95,000,000
Debt instrument, interest rate											4.20%
2018-A Notes | Class B Notes
Debt Instrument [Line Items]
Debt instrument, face amount											$ 30,400,000
Debt instrument, interest rate											7.37%
2018-2 Facility
Debt Instrument [Line Items]
Debt instrument, face amount				$ 150,000,000
Debt instrument, maturity date								Oct. 23, 2022
Securitization notes								$ 86,100,000	50,000,000	80,000,000
2018-2 Facility | LIBOR
Debt Instrument [Line Items]
Debt instrument, effective percentage				3.75%
Debt instrument, frequency of periodic payment				monthly
2018-1 Facility
Debt Instrument [Line Items]
Debt instrument, face amount						$ 150,000,000
Debt instrument, maturity date								Jul. 22, 2023
Securitization notes								$ 47,200,000	46,000,000	0
2018-1 Facility | LIBOR
Debt Instrument [Line Items]
Debt instrument, effective percentage						4.00%
Debt instrument, frequency of periodic payment						monthly
Revolving Credit Facility Due 2022
Debt Instrument [Line Items]
Credit agreement, maturity date		Jun. 30, 2022						May 1, 2020
Credit agreement, advance rate		65.00%						53.00%
Credit agreement, description		Additionally, on July 1, 2019 the Credit Agreement was amended to, amongst other changes, extend the maturity date to June 30, 2022 from May 1, 2020 and increase the advance rate to 65% from 53%.
Maximum borrowing capacity		$ 125,000,000
Revolving line of credit								$ 0	$ 0	72,000,000
Revolving Credit Facility Due 2022 | Minimum
Debt Instrument [Line Items]
Commitment fee percentage									0.30%
Revolving Credit Facility Due 2022 | Maximum
Debt Instrument [Line Items]
Commitment fee percentage									0.50%
Revolving Credit Facility Due 2022 | Letters of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity									$ 20,000,000
Borrowings outstanding under credit agreement								$ 1,000,000	$ 1,200,000	$ 1,200,000
Revolving Credit Facility Due 2022 | Prime Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate									1.00%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Income Tax Contingency [Line Items]
Effective tax rate	28.20%	23.50%
Unrecognized tax benefits	$ 45.3	$ 45.2	$ 53.6
Unrecognized tax benefits that would affect the effective tax rate	$ 16.7
State Local And Foreign Jurisdiction Tax Authority
Income Tax Contingency [Line Items]
Statute of limitation period	3 years

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted Earnings per Share Computations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net income from continuing operations	$ 48,026	$ 30,626	$ 53,774	$ 69,605
Net loss from discontinued operations		(5,563)	(288)	(9,525)
Net Income	$ 48,026	$ 25,063	$ 53,486	$ 60,080
Denominator:
Total weighted average basic shares	30,203	33,826	31,270	33,660
Shares applicable to stock-based compensation	149	643	322	791
Total weighted average diluted shares	30,352	34,469	31,592	34,451
Earnings per common share – basic:
Continuing operations	$ 1.59	$ 0.91	$ 1.72	$ 2.07
Discontinued operations		(0.17)	(0.01)	(0.29)
Earnings per common share – basic	1.59	0.74	1.71	1.78
Earnings per common share – diluted:
Continuing operations	1.58	0.89	1.70	2.02
Discontinued operations		(0.16)	(0.01)	(0.28)
Earnings per common share – diluted	$ 1.58	$ 0.73	$ 1.69	$ 1.74

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options not included in computation of diluted earnings per share	2,422,512	884,640	2,090,225	802,535
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options not included in computation of diluted earnings per share	1,183,934	28,072	767,651	17,130

Operating Segment Information -

Operating Segment Information - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)Segment	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)
Segment Reporting [Abstract]
Number of reportable segment	1
Number of operating segment	1
Property and equipment, net | $	$ 60,030	$ 54,540	$ 48,985

Operating Segment Information_2

Operating Segment Information - Summary of Company's Revenue by Geographical Region (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue [Abstract]
Revenue	$ 253,061	$ 259,445	$ 615,313	$ 523,883
United States
Revenue [Abstract]
Revenue	250,483	254,205	608,199	512,193
Other International Countries
Revenue [Abstract]
Revenue	$ 2,578	$ 5,240	$ 7,114	$ 11,690

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - Marketing Agency - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Amount expenses incurred to related party	$ 800	$ 3,300	$ 4,800	$ 5,900
Accounts Payable and Accrued Expenses
Related Party Transaction [Line Items]
Due to related party	$ 40	$ 2,800	$ 40	$ 2,800	$ 4,600

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Transfer of liabilities, amount	$ 0	$ 0	$ 0	$ 0
Transfer of assets, amount	0	0	$ 0	0
Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalent maturity period			90 days
Maximum | Short-term Loans
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Term of loan			12 months
Maximum | Line of Credit Accounts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Term of loan			12 months
Maximum | Installment Loans and RPAs
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Term of loan			60 months
Maximum | RPAs
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Estimated delivery term			18 months
Minimum | Installment Loans and RPAs
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Term of loan			2 months
Minimum | RPAs
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Estimated delivery term			6 months
Fair Value Measurements Nonrecurring Member
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets fair value non-recurring	0	0	$ 0	0	$ 0
Liabilities fair value non-recurring	$ 0	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Assets and Liabilities Measured on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Installment loans and RPAs	[1],[2]	$ 587,540
Line of credit accounts	[1]	212,122
Non-qualified savings plan assets	[3]	3,440	$ 2,867	$ 2,804
Investment in trading security	[4]	14,171	11,449
Total		817,273	14,316	2,804
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Non-qualified savings plan assets	[3]	3,440	2,867	2,804
Investment in trading security	[4]	14,171	11,449
Total		17,611	$ 14,316	$ 2,804
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Installment loans and RPAs	[1],[2]	587,540
Line of credit accounts	[1]	212,122
Total		$ 799,662
[1]	Installment loans and RPAs and line of credit accounts are included in “Loans and finance receivables at fair value” in the consolidated balance sheets subsequent to December 31, 2019.
[2]	Installment loans and RPAs include $404.7 million in assets of consolidated VIEs as of June 30, 2020
[3]	The non-qualified savings plan assets are included in “Other receivables and prepaid expenses” in the Company’s consolidated balance sheets and have an offsetting liability of equal amount, which is included in “Accounts payable and accrued expenses” in the Company’s consolidated balance sheets
[4]	Investment in trading security is included in “Other assets” in the Company’s consolidated balance sheets

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured on Recurring Basis (Parenthetical) (Detail) $ in Millions	Jun. 30, 2020USD ($)
Variable Interest Entity, Primary Beneficiary
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Installment loans and RPAs, net	$ 404.7

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Quantitative Information About the Significant Unobservable Inputs Used for Loan and Finance Receivables Fair Value Measurements (Detail) - Level 3 - Loan and Finance Receivables Fair Value	Jun. 30, 2020
Minimum | Consumer Near-prime | Net Loss Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.316	[1],[2]
Minimum | Consumer Near-prime | Prepayment Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.072	[1],[2]
Minimum | Consumer Near-prime | Servicing Costs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.030	[1],[2]
Minimum | Consumer Near-prime | Discount Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.185	[2]
Minimum | Consumer Sub-prime | Net Loss Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.153	[1],[2]
Minimum | Consumer Sub-prime | Prepayment Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.072	[1],[2],[3]
Minimum | Consumer Sub-prime | Servicing Costs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.065	[1],[2]
Minimum | Consumer Sub-prime | Discount Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.235	[2]
Minimum | Small Business | Net Loss Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.054	[1],[4]
Minimum | Small Business | Prepayment Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.165	[1],[4]
Minimum | Small Business | Servicing Costs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.017	[1],[4]
Minimum | Small Business | Discount Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.135	[4]
Maximum | Consumer Near-prime | Net Loss Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.327	[1],[2]
Maximum | Consumer Near-prime | Prepayment Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.276	[1],[2]
Maximum | Consumer Near-prime | Servicing Costs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.030	[1],[2]
Maximum | Consumer Near-prime | Discount Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.185	[2]
Maximum | Consumer Sub-prime | Net Loss Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.316	[1],[2]
Maximum | Consumer Sub-prime | Prepayment Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.246	[1],[2],[3]
Maximum | Consumer Sub-prime | Servicing Costs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.280	[1],[2]
Maximum | Consumer Sub-prime | Discount Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.235	[2]
Maximum | Small Business | Net Loss Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.321	[1],[4]
Maximum | Small Business | Prepayment Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.228	[1],[4]
Maximum | Small Business | Servicing Costs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.017	[1],[4]
Maximum | Small Business | Discount Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.135	[4]
Weighted Average | Consumer Near-prime | Net Loss Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.327	[1],[2],[5]
Weighted Average | Consumer Near-prime | Prepayment Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.271	[1],[2],[5]
Weighted Average | Consumer Near-prime | Servicing Costs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.030	[1],[2],[5]
Weighted Average | Consumer Near-prime | Discount Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.185	[2],[5]
Weighted Average | Consumer Sub-prime | Net Loss Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.281	[1],[2],[5]
Weighted Average | Consumer Sub-prime | Prepayment Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.112	[1],[2],[3],[5]
Weighted Average | Consumer Sub-prime | Servicing Costs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.070	[1],[2],[5]
Weighted Average | Consumer Sub-prime | Discount Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.235	[2],[5]
Weighted Average | Small Business | Net Loss Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.270	[1],[4],[5]
Weighted Average | Small Business | Prepayment Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.214	[1],[4],[5]
Weighted Average | Small Business | Servicing Costs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.017	[1],[4],[5]
Weighted Average | Small Business | Discount Rates
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loan and finance receivables fair value measurements	0.135	[4],[5]
[1]	Figure disclosed as a percentage of outstanding principal balance.
[2]	Includes installment loans and line of credit accounts.
[3]	Not relevant for single-pay loans.
[4]	Includes installment loans, RPAs and line of credit accounts.
[5]	Weighted by relative principal balance.

Fair Value Measurements - Fin_2

Fair Value Measurements - Financial Assets and Liabilities Not Measured at Fair Value (Detail) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Financial liabilities:
Liability for estimated losses on consumer loans guaranteed by the Company				$ 1,726	$ 1,264	$ 2,166
Carrying Value
Financial assets:
Cash and cash equivalents		$ 321,472	$ 35,895	33,849
Restricted cash	[1]	43,547	45,069	20,796
Installment loans and RPAs, net	[2],[3]		760,815	617,052
Line of credit accounts, net	[3]		301,835	212,406
Investment in unconsolidated investee	[4]	6,918	6,703	6,703
Total		371,937	1,150,317	890,806
Financial liabilities:
Liability for estimated losses on consumer loans guaranteed by the Company			1,511	1,726
Securitization notes		292,794	307,885	173,675
Revolving line of credit			72,000
Total		917,794	1,006,396	800,401
Carrying Value | 8.50% Senior Notes Due 2024
Financial liabilities:
Senior notes		250,000	250,000	250,000
Carrying Value | 8.50% Senior Notes Due 2025
Financial liabilities:
Senior notes		375,000	375,000	375,000
Level 1 | Estimated Fair Value
Financial assets:
Cash and cash equivalents		321,472	35,895	33,849
Restricted cash	[1]	43,547	45,069	20,796
Total		365,019	80,964	54,645
Level 2 | Estimated Fair Value
Financial liabilities:
Securitization notes		293,098	308,513	174,293
Total		855,697	902,954	768,415
Level 2 | Estimated Fair Value | 8.50% Senior Notes Due 2024
Financial liabilities:
Senior notes		223,475	238,750	239,308
Level 2 | Estimated Fair Value | 8.50% Senior Notes Due 2025
Financial liabilities:
Senior notes		339,124	355,691	354,814
Level 3 | Estimated Fair Value
Financial assets:
Installment loans and RPAs, net	[2],[3]		848,818	653,078
Line of credit accounts, net	[3]		338,765	212,406
Investment in unconsolidated investee	[4]	6,918	6,703	6,703
Total		$ 6,918	1,194,286	872,187
Financial liabilities:
Liability for estimated losses on consumer loans guaranteed by the Company			1,511	1,726
Revolving line of credit			72,000
Total			$ 73,511	$ 1,726
[1]	Restricted cash includes $41.2 million, $20.8 million and $42.4 million in assets of consolidated VIEs as of June 30, 2020 and 2019 and December 31, 2019, respectively
[2]	Installment loan and RPAs, net include $306.3 million and $420.7 million in net assets of consolidated VIEs as of June 30, 2019 and December 31, 2019, respectively
[3]	Installment loans and RPAs and line of credit accounts are included in “Loans and finance receivables, net” in the consolidated balance sheets prior to January 1, 2020.
[4]	Investment in unconsolidated investee is included in “Other assets” in the consolidated balance sheets.

Fair Value Measurements - Fin_3

Fair Value Measurements - Financial Assets and Liabilities Not Measured at Fair Value (Parenthetical) (Detail) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Sep. 19, 2018	Sep. 01, 2017
Variable Interest Entity, Primary Beneficiary
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Restricted cash	$ 41.2	$ 20.8	$ 42.4
Installment loans and RPAs, net		$ 306.3	$ 420.7
8.50% Senior Notes Due 2024
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument, interest rate	8.50%	8.50%	8.50%		8.50%
Debt instrument, maturity period	2024	2024	2024
8.50% Senior Notes Due 2025
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument, interest rate	8.50%	8.50%	8.50%	8.50%
Debt instrument, maturity period	2025	2025	2025

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jul. 28, 2020	Dec. 31, 2019	Jun. 30, 2019
Subsequent Event [Line Items]
Loans to customers		$ 1,239,589	$ 966,723
Subsequent Event | On Deck Capital, Inc.
Subsequent Event [Line Items]
Business acquisition per share price to be received by shareholders	$ 0.12
Business acquisition number of common shares issuable for each common stock held by shareholders	0.092
Subsequent Event | On Deck Capital, Inc. | Minimum [Member]
Subsequent Event [Line Items]
Loans to customers	$ 13,000,000