Enova International (ENVA) 10-Q 29 Oct 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Oct. 27, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Registrant Name	Enova International, Inc.
Entity Central Index Key	0001529864
Current Fiscal Year End Date	--12-31
Entity Filer Category	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		36,421,332
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		Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Assets
Cash and cash equivalents	[1]	$ 229,088	$ 297,273	$ 490,033
Restricted cash	[1]	59,053	71,927	45,017
Loans and finance receivables at fair value	[1]	1,635,282	1,241,506	693,370
Income taxes receivable		4,799
Other receivables and prepaid expenses	[1]	52,975	40,301	25,117
Property and equipment, net		81,149	79,417	63,403
Operating lease right-of-use assets		36,105	40,123	20,370
Goodwill		279,275	267,974	267,868
Intangible assets, net		37,458	26,008	1,623
Other assets	[1]	52,315	43,546	27,363
Total assets		2,467,499	2,108,075	1,634,164
Liabilities and Stockholders’ Equity
Accounts payable and accrued expenses	[1]	124,584	124,071	76,526
Operating lease liabilities		61,985	67,956	35,258
Income taxes currently payable			2,624	15,339
Deferred tax liabilities, net		71,297	48,129	69,874
Long-term debt	[1]	1,075,380	946,461	863,472
Total liabilities		1,333,246	1,189,241	1,060,469
Commitments and contingencies (Note 8)
Stockholders’ equity:
Common stock, $0.00001 par value, 250,000,000 shares authorized, 43,224,666, 36,190,857 and 41,936,784 shares issued and 36,427,705, 30,111,727 and 35,762,926 outstanding as of September 30, 2021 and 2020 and December 31, 2020, respectively		0	0	0
Preferred stock, $0.00001 par value, 25,000,000 shares authorized, no shares issued and outstanding
Additional paid in capital		217,051	187,981	74,868
Retained earnings		1,057,111	849,466	618,775
Accumulated other comprehensive loss		(8,185)	(6,898)	(8,547)
Treasury stock, at cost (6,796,961, 6,079,130 and 6,173,858 shares as of September 30, 2021 and 2020 and December 31, 2020, respectively)		(133,041)	(113,201)	(111,401)
Total Enova International, Inc. stockholders’ equity		1,132,936	917,348	573,695
Noncontrolling interest		1,317	1,486
Total stockholders’ equity		1,134,253	918,834	573,695
Total liabilities and stockholders’ equity		$ 2,467,499	$ 2,108,075	$ 1,634,164
[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	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
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	43,224,666	41,936,784	36,190,857
Common stock, shares outstanding	36,427,705	35,762,926	30,111,727
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	6,796,961	6,173,858	6,079,130

CONSOLIDATED BALANCE SHEETS (Co

CONSOLIDATED BALANCE SHEETS (Consolidated VIEs) (Unaudited) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Assets of consolidated VIEs, included in total assets above
Cash and cash equivalents	[1]	$ 229,088	$ 297,273	$ 490,033
Restricted cash	[1]	59,053	71,927	45,017
Loans and finance receivables at fair value	[1]	1,635,282	1,241,506	693,370
Other receivables and prepaid expenses	[1]	52,975	40,301	25,117
Other assets	[1]	52,315	43,546	27,363
Total assets		2,467,499	2,108,075	1,634,164
Liabilities of consolidated VIEs, included in total liabilities above
Accounts payable and accrued expenses	[1]	124,584	124,071	76,526
Long-term debt	[1]	1,075,380	946,461	863,472
Total liabilities		1,333,246	1,189,241	1,060,469
Variable Interest Entity, Primary Beneficiary
Assets of consolidated VIEs, included in total assets above
Cash and cash equivalents		1,807	420	525
Restricted cash		47,183	64,811	42,656
Loans and finance receivables at fair value		573,303	528,877	339,445
Other receivables and prepaid expenses		3,983	4,827	4,449
Other assets		2,176	1,639	1,870
Total assets		628,452	600,574	388,945
Liabilities of consolidated VIEs, included in total liabilities above
Accounts payable and accrued expenses		3,610	3,056	1,953
Affiliate note payable		5,692	4,065
Long-term debt		457,537	329,855	247,372
Total liabilities		$ 466,839	$ 336,976	$ 249,325
[1]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenue	$ 320,160	$ 204,545	$ 844,324	$ 819,858
Change in Fair Value	(73,778)	(22,777)	(100,443)	(379,168)
Net Revenue	246,382	181,768	743,881	440,690
Expenses
Marketing	79,726	4,629	163,548	42,175
Operations and technology	37,966	17,702	108,628	65,472
General and administrative	33,557	33,656	116,321	83,943
Depreciation and amortization	8,914	3,770	23,001	11,444
Total Expenses	160,163	59,757	411,498	203,034
Income from Operations	86,219	122,011	332,383	237,656
Interest expense, net	(18,163)	(18,634)	(57,493)	(59,387)
Foreign currency transaction loss	(109)	(30)	(383)	(7)
Equity method investment income	529		2,558
Other nonoperating expenses			(1,128)
Income before Income Taxes	68,476	103,347	275,937	178,262
Provision for income taxes	16,667	9,671	67,607	30,812
Net income from continuing operations before noncontrolling interest	51,809	93,676	208,330	147,450
Less: Net income attributable to noncontrolling interest	261		685
Net income from continuing operations	51,548	93,676	207,645	147,450
Net loss from discontinued operations		(9)		(297)
Net income attributable to Enova International, Inc.	$ 51,548	$ 93,667	$ 207,645	$ 147,153
Earnings (loss) per common share – basic:
Continuing operations	$ 1.40	$ 3.11	$ 5.68	$ 4.78
Discontinued operations				(0.01)
Earnings (loss) per common share – basic	1.40	3.11	5.68	4.77
Earnings (loss) per common share – diluted:
Continuing operations	1.36	3.09	5.48	4.73
Discontinued operations				(0.01)
Earnings (loss) per common share – diluted	$ 1.36	$ 3.09	$ 5.48	$ 4.72
Weighted average common shares outstanding:
Basic	36,744	30,108	36,554	30,880
Diluted	37,984	30,363	37,874	31,180

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income from continuing operations before noncontrolling interest		$ 51,809	$ 93,667	$ 208,330	$ 147,153
Other comprehensive loss, net of tax:
Foreign currency translation (loss) gain	[1]	(2,174)	52	(1,017)	(5,481)
Ownership change in noncontrolling interest				(270)
Total other comprehensive (loss) gain, net of tax		(2,174)	52	(1,287)	(5,481)
Comprehensive Income		49,635	93,719	207,043	141,672
Net income attributable to noncontrolling interest		(261)		(685)
Foreign currency translation loss attributable to noncontrolling interests		40		52
Ownership change in noncontrolling interest				802
Comprehensive (income) loss attributable to the noncontrolling interest		(221)		169
Comprehensive income attributable to Enova International, Inc.		$ 49,414	$ 93,719	$ 207,212	$ 141,672
[1]	Net of tax benefit of $682 and $621 for the three months ended September 30, 2021 and 2020, respectively, and $426 and $2,326 for the nine months ended September 30, 2021 and , respectively

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Tax benefit of foreign currency translation (loss) gain	$ 682	$ 621	$ 426	$ 2,326

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	Total Enova International, Inc. Stockholders'Equity	Total Enova International, Inc. Stockholders'EquityCumulative Effect, Period of Adoption, Adjustment	Noncontrolling Interest
Balance at Dec. 31, 2019	$ 376,613	$ 98,941		$ 63,791	$ 372,681	$ 98,941	$ (3,066)	$ (56,793)	$ 376,613	$ 98,941
Balance, in shares at Dec. 31, 2019			35,765,000					(2,790,000)
Stock-based compensation expense	10,888			10,888					10,888
Shares issued for vested RSUs, in shares			410,000
Shares issued for stock option exercises	189			189					189
Shares issued for stock option exercises, in shares			16,000
Net income attributable to Enova International, Inc.	147,153				147,153				147,153
Foreign currency translation loss, net of tax	(5,481)						(5,481)		(5,481)
Purchases of treasury shares, at cost	(54,608)							$ (54,608)	(54,608)
Purchases of treasury shares, at cost, in shares								(3,289,000)
Balance at Sep. 30, 2020	$ 573,695			74,868	618,775		(8,547)	$ (111,401)	573,695
Balance, in shares at Sep. 30, 2020	36,190,857		36,191,000					(6,079,000)
Balance at Jun. 30, 2020	$ 476,220			71,100	525,108		(8,599)	$ (111,389)	476,220
Balance, in shares at Jun. 30, 2020			36,180,000					(6,078,000)
Stock-based compensation expense	3,768			3,768					3,768
Shares issued for vested RSUs, in shares			11,000
Net income attributable to Enova International, Inc.	93,667				93,667				93,667
Foreign currency translation loss, net of tax	52						52		52
Purchases of treasury shares, at cost	(12)							$ (12)	(12)
Purchases of treasury shares, at cost, in shares								(1,000)
Balance at Sep. 30, 2020	$ 573,695			74,868	618,775		(8,547)	$ (111,401)	573,695
Balance, in shares at Sep. 30, 2020	36,190,857		36,191,000					(6,079,000)
Balance at Dec. 31, 2020	$ 918,834			187,981	849,466		(6,898)	$ (113,201)	917,348		$ 1,486
Balance, in shares at Dec. 31, 2020	41,936,784		41,937,000					(6,174,000)
Stock-based compensation expense	$ 16,072			16,072					16,072
Shares issued for vested RSUs, in shares			757,000
Shares issued for stock option exercises	11,926			11,926					11,926
Shares issued for stock option exercises, in shares			531,000
Net income attributable to Enova International, Inc.	207,645				207,645				207,645
Foreign currency translation loss, net of tax	(1,069)						(1,017)		(1,017)		(52)
Purchases of treasury shares, at cost	(19,840)							$ (19,840)	(19,840)
Purchases of treasury shares, at cost, in shares								(623,000)
Ownership change in noncontrolling interest				1,072			(270)		802		(802)
Net income attributable to noncontrolling interest	685										685
Balance at Sep. 30, 2021	$ 1,134,253			217,051	1,057,111		(8,185)	$ (133,041)	1,132,936		1,317
Balance, in shares at Sep. 30, 2021	43,224,666		43,225,000					(6,797,000)
Balance at Jun. 30, 2021	$ 1,094,757			211,548	1,005,563		(6,011)	$ (117,439)	1,093,661		1,096
Balance, in shares at Jun. 30, 2021			43,185,000					(6,313,000)
Stock-based compensation expense	5,018			5,018					5,018
Shares issued for vested RSUs, in shares			14,000
Shares issued for stock option exercises	485			485					485
Shares issued for stock option exercises, in shares			26,000
Net income attributable to Enova International, Inc.	51,548				51,548				51,548
Foreign currency translation loss, net of tax	(2,214)						(2,174)		(2,174)		(40)
Purchases of treasury shares, at cost	(15,602)							$ (15,602)	(15,602)
Purchases of treasury shares, at cost, in shares								(484,000)
Net income attributable to noncontrolling interest	261										261
Balance at Sep. 30, 2021	$ 1,134,253			$ 217,051	$ 1,057,111		$ (8,185)	$ (133,041)	$ 1,132,936		$ 1,317
Balance, in shares at Sep. 30, 2021	43,224,666		43,225,000					(6,797,000)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash Flows from Operating Activities
Net income before noncontrolling interest	$ 208,330	$ 147,153
Add: net loss from discontinued operations		297
Net income from continuing operations	208,330	147,450
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	23,001	11,444
Amortization of deferred loan costs and debt discount	5,022	4,607
Change in fair value of loans and finance receivables	98,254	379,168
Stock-based compensation expense	16,072	10,888
Loss on early extinguishment of debt	378
Operating leases, net	(1,835)	(1,255)
Lease termination and cease-use loss (gain)	(113)
Deferred income taxes, net	23,580	(4,174)
Changes in operating assets and liabilities:
Finance and service charges on loans and finance receivables	(18,265)	67,323
Other receivables and prepaid expenses and other assets	(10,505)	(1,747)
Accounts payable and accrued expenses	(7,560)	(25,094)
Current income taxes	(11,202)	34,920
Cash flows from operating activities - continuing operations	325,157	623,530
Cash flows from operating activities - discontinued operations		(297)
Net cash provided by operating activities	325,157	623,233
Cash Flows from Investing Activities
Loans and finance receivables originated or acquired	(1,832,008)	(584,515)
Loans and finance receivables repaid	1,361,592	625,020
Acquisitions, net of cash acquired	(29,153)	(3,597)
Purchases of property and equipment	(22,031)	(19,835)
Other investing activities	25	57
Net cash (used in) provided by investing activities	(521,575)	17,130
Cash Flows from Financing Activities
Borrowings under revolving line of credit	102,000	100,250
Repayments under revolving line of credit	(102,000)	(172,250)
Borrowings under securitization facilities	390,054	119,200
Repayments under securitization facilities	(260,798)	(178,496)
Debt issuance costs paid	(5,909)	(388)
Proceeds from exercise of stock options	11,926	189
Treasury shares purchased	(19,840)	(54,608)
Net cash provided by (used in) financing activities	115,433	(186,103)
Effect of exchange rates on cash, cash equivalents and restricted cash	(74)	(174)
Net (decrease) increase in cash, cash equivalents and restricted cash	(81,059)	454,086
Cash, cash equivalents and restricted cash at beginning of year	369,200	80,964
Cash, cash equivalents and restricted cash at end of period	288,141	535,050
Supplemental Disclosures
Loans and finance receivables renewed	$ 152,498	$ 34,554

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Significant Accounting Policies	1. Significant Accounting Policies Nature of the Company Enova International, Inc. and its subsidiaries (collectively, 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. 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 July 28, 2020, the Company and OnDeck Capital Inc. (“OnDeck”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) among the Company, OnDeck and Energy Merger Sub, Inc., a wholly owned subsidiary of the Company (“Merger Sub”), pursuant to which, subject to the satisfaction or waiver of the conditions set forth therein, Merger Sub would merge with and into OnDeck, with OnDeck surviving as an indirect wholly owned subsidiary of the Company. On October 13, 2020, the Company and OnDeck completed the transaction following the approval of OnDeck’s stockholders and the satisfaction of all other closing conditions. The accompanying unaudited consolidated results of operations for the three and nine months ended 2021 With the acquisition of OnDeck, the Company owns a controlling interest in On Deck Capital Australia PTY LTD (“OnDeck Australia”). The remaining interests are owned by an unrelated third party. The Company consolidates the financial position and results of operations of this entity under the voting interest model. The noncontrolling interest, which is presented as a separate component of consolidated equity, represents the minority owners’ proportionate share of the equity of the entity and is adjusted for the minority owners’ share of the earnings, losses, investments and distributions. The consolidated financial statements presented as of September 30, 2021 and 2020 and for the three and nine-month periods ended September 30, 2021 and 2020 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 nine-month periods are not necessarily indicative of the results that may be expected for the full fiscal year. Certain prior period amounts have been reclassified to conform to the current year presentation. With the acquisition of OnDeck, small business loans comprise a significantly larger portion of the Company’s overall loan portfolio. Where presented on a disaggregated basis, loans and finance receivables that were previously grouped as line of credit accounts and installment loans and RPAs, are now grouped at the consumer and small business levels as management has deemed these groupings to be more meaningful to users of the financial statements. These consolidated financial statements and related notes should be read in conjunction with the Company’s audited consolidated financial statements as of December 31, 2020 and 2019 and for the years ended December 31, 2020, 2019 and 2018 and related notes, which are included on Form 10-K filed with the SEC on February 26, 2021. 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 its 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. During the 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 agreement was extended and is scheduled to expire January 8, 2022 but with options to extend the term for three-month 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): September 30, 2021 2020 Cash and cash equivalents $ 229,088 $ 490,033 Restricted cash 59,053 45,017 Total cash, cash equivalents and restricted cash $ 288,141 $ 535,050 Loans and Finance Receivables 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, prepayments, utilization rates and servicing costs over the estimated duration of the underlying assets. Loss, prepayment, utilization and servicing cost 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 at fair value” 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. Excluding OnDeck loans and finance receivables, 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. For the OnDeck portfolio, a loan is considered to be delinquent when the scheduled payments are one day past due. Loans are placed in nonaccrual status and the accrual of interest income is stopped on loans that are delinquent and non-paying. Loans are returned to accrual status if they are brought to non-delinquent status or have performed in accordance with the contractual terms for a reasonable period of time and, in the Company’s judgment, will continue to make periodic principal and interest payments as scheduled. 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. 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 charges 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 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. For the OnDeck portfolio, the Company generally charges off a loan when it is probable that it will be unable to collect all of the remaining principal payments, which is generally after 90 days of delinquency and 30 days of non-activity. 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 or sold. Goodwill Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In accordance with Accounting Standards Codification (“ASC”) 350, Goodwill The Company first assesses qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. In assessing the qualitative factors, management considers relevant events and circumstances including but not limited to macroeconomic conditions, industry and market environment, overall financial performance of the Company, cash flow from operating activities, market capitalization and stock price. If the Company determines that the quantitative impairment test is required, management uses the income approach to complete its annual goodwill assessment. The income approach uses future cash flows and estimated terminal values for the Company that are discounted using a market participant perspective to determine the fair value, which is then compared to the carrying value to determine if there is impairment. The income approach includes assumptions about revenue growth rates, operating margins and terminal growth rates discounted by an estimated weighted-average cost of capital derived from other publicly-traded companies that are similar but not identical from an operational and economic standpoint. The Company completed its annual assessment of goodwill as of June 30, 2021 based on qualitative factors and determined that a quantitative analysis was not required; as such, no impairment existed at that date. The Company expects that its entire goodwill balance will be deductible for tax purposes. 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. Marketing Expenses Marketing expenses consist of digital costs, lead purchase costs and offline marketing costs such as television and direct mail advertising. All marketing expenses are expensed as incurred. Equity Method Investments With the acquisition of OnDeck, as discussed in Note 2, the Company records its interest in On Deck Capital Canada Holdings, Inc. (“OnDeck Canada”) On February 24, 2021 the Company contributed the platform-as-service business assumed in the OnDeck acquisition to Linear Financial Technologies Holding LLC (“Linear”) in exchange for ownership units in that entity. The Company records its interest in Linear under the equity method of accounting. As of September 30, 2021 , the carrying value of the Company’s investment in Linear was $ 5.6 million, which the Company has included in “Other assets” on the consolidated balance sheets. Equity method income has been included in “Equity method investment income” in the consolidated income statements. 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 transfers certain loan receivables to VIEs, which issue notes backed by the underlying 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 November 2019, the Financial Accounting Standards Board (“FASB”) Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes .

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
Acquisitions	2. Acquisitions On July 28, 2020, the Company and OnDeck entered into an Agreement and Plan of Merger among the Company, OnDeck and Energy Merger Sub, Inc., a wholly owned subsidiary of the Company, pursuant to which, subject to the satisfaction or waiver of the conditions set forth therein, Energy Merger Sub, Inc. would merge with and into OnDeck, with OnDeck surviving as an indirect wholly owned subsidiary of the Company. On October 13, 2020, the Company and OnDeck completed the transaction following the approval of OnDeck’s stockholders and the satisfaction of all other closing conditions. The acquisition increases the scale and portfolio diversification of the Company. OnDeck offers a range of term loans and lines of credit customized for the needs of small business owners. Under the terms of the transaction, each holder of OnDeck common stock received $0.12 per share in cash and a fixed exchange ratio of 0.092 shares of the Company’s common stock for each OnDeck share they owned as of the acquisition date. As a result, the Company issued 5.6 million shares of common stock to OnDeck stockholders. Based on the closing share price of the Company as of October 12, 2020 of $18.74, the value of Company common stock and cash provided in exchange for OnDeck common stock was $111.5 million. In addition to the exchange of common stock, the consideration transferred also included the cancellation or replacement of certain equity awards of OnDeck employees in effect prior to the transaction valued at approximately $4.2 million. For additional information, see “Note 2. Acquisitions” of the Annual Report on Form 10-K for the year ended December 31, 2020. On March 19, 2021, the Company completed the purchase of Pangea Universal Holdings, Inc. (“PUH”), a Chicago-based payments platform offering mobile international money transfer services. In accordance with the terms of the transaction, PUH was merged into Pangea Transfer Company, LLC (“Pangea”) with the separate corporate existence of PUH thereupon ceasing and Pangea continuing as the surviving, wholly-owned subsidiary of the Company. Pangea serves the international money transfer market with a focus on Latin America and Asia. Customers have the option to transfer funds directly into bank accounts or have cash picked up from partners in minutes. The total consideration of $32.9 million consists of $30.0 million in cash and $2.9 million in loan forgiveness. The Company has performed a valuation analysis of identifiable assets acquired and liabilities assumed and allocated the aggregate purchase consideration based on the fair values of those identifiable assets and liabilities. The preliminary allocation of the purchase consideration includes $19.8 million and $11.3 million of intangible assets and goodwill, respectively, with all other assets acquired and liabilities assumed being nominal. The purchase price allocation is subject to change as the Company finalizes the analysis of the fair value as of the acquisition date. The final determination of the fair value of assets acquired and liabilities assumed will be completed within the twelve-month measurement period from the acquisition date as required by applicable accounting guidance. The operating results of Pangea are included in, but not material to, the Company’s consolidated financial statements from the date of acquisition. Its revenues and cost of revenues are included in “Revenues” and “Change in Fair Value,” respectively, in the Consolidated Statements of Income.

Loans and Finance Receivables

Loans and Finance Receivables	9 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
Loans and Finance Receivables	3 . Loans and Finance Receivables Revenue generated from the Company’s loans and finance receivables for the three and nine months ended September 30, 2021 and 2020 was as follows (dollars in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Consumer loans and finance receivables revenue $ 215,432 $ 192,567 $ 571,681 $ 765,239 Small business loans and finance receivables revenue 100,610 10,830 261,731 49,666 Total loans and finance receivables revenue 316,042 203,397 833,412 814,905 Other 4,118 1,148 10,912 4,953 Total revenue $ 320,160 $ 204,545 $ 844,324 $ 819,858 Loans and Finance Receivables at Fair Value The components of Company-owned loans and finance receivables at September 30, 2021 and 2020 and December 31, 2020 were as follows (dollars in thousands): As of September 30, 2021 Small Consumer Business Total Principal balance - accrual $ 650,377 $ 840,778 $ 1,491,155 Principal balance - non-accrual 59,404 35,890 95,294 Total principal balance 709,781 876,668 1,586,449 Loans and finance receivables at fair value - accrual 718,194 891,722 1,609,916 Loans and finance receivables at fair value - non-accrual 5,359 20,007 25,366 Loans and finance receivables at fair value 723,553 911,729 1,635,282 Difference between principal balance and fair value $ 13,772 $ 35,061 $ 48,833 As of September 30, 2020 Small Consumer Business Total Principal balance - accrual $ 551,541 $ 72,664 $ 624,205 Principal balance - non-accrual 18,015 9,069 27,084 Total principal balance 569,556 81,733 651,289 Loans and finance receivables at fair value - accrual 613,975 69,934 683,909 Loans and finance receivables at fair value - non-accrual 3,946 5,515 9,461 Loans and finance receivables at fair value $ 617,921 $ 75,449 $ 693,370 Difference between principal balance and fair value $ 48,365 $ (6,284 ) $ 42,081 As of December 31, 2020 Small Consumer Business Total Principal balance - accrual $ 547,015 $ 634,476 $ 1,181,491 Principal balance - non-accrual 29,389 52,254 81,643 Total principal balance 576,404 686,730 1,263,134 Loans and finance receivables at fair value - accrual 621,257 592,654 1,213,911 Loans and finance receivables at fair value - non-accrual 3,962 23,633 27,595 Loans and finance receivables at fair value $ 625,219 $ 616,287 $ 1,241,506 Difference between principal balance and fair value $ 48,815 $ (70,443 ) $ (21,628 ) As of September 30, 2021 and 2020 and December 31, 2020, the aggregate fair value of loans and finance receivables that were 90 days or more past due was $6.2 million, $0.5 million and $14.3 million, respectively, of which, $6.1 million, $0.3 million and $14.1 million, respectively, was in non-accrual status. The aggregate unpaid principal balance for loans and finance receivables that were 90 days or more past due was $11.6 million, $1.9 million and $33.9 million, respectively. Changes in the fair value of Company-owned loans and finance receivables during the three and nine months ended September 30, 2021 and 2020 were as follows (dollars in thousands): Three Months Ended September 30, 2021 Small Consumer Business Total Balance at beginning of period $ 623,975 $ 784,728 $ 1,408,703 Originations or acquisitions 370,791 461,595 832,386 Interest and fees (1) 215,432 100,610 316,042 Repayments (389,035 ) (458,212 ) (847,247 ) Charge-offs, net (2) (57,836 ) (7,060 ) (64,896 ) Net change in fair value (2) (39,225 ) 31,575 (7,650 ) Effect of foreign currency translation (549 ) (1,507 ) (2,056 ) Balance at end of period $ 723,553 $ 911,729 $ 1,635,282 Three Months Ended September 30, 2020 Small Consumer Business Total Balance at beginning of period $ 690,957 $ 108,705 $ 799,662 Originations or acquisitions 120,838 2,500 123,338 Interest and fees (1) 192,567 10,830 203,397 Repayments (362,010 ) (48,187 ) (410,197 ) Charge-offs, net (2) (30,670 ) (4,496 ) (35,166 ) Net change in fair value (2) 6,292 6,097 12,389 Effect of foreign currency translation (53 ) — (53 ) Balance at end of period $ 617,921 $ 75,449 $ 693,370 Nine Months Ended September 30, 2021 Small Consumer Business Total Balance at beginning of period $ 625,219 $ 616,287 $ 1,241,506 Originations or acquisitions 800,101 1,184,405 1,984,506 Interest and fees (1) 571,681 261,731 833,412 Repayments (1,100,366 ) (1,222,675 ) (2,323,041 ) Charge-offs, net (2) (121,294 ) (30,204 ) (151,498 ) Net change in fair value (2) (51,547 ) 104,791 53,244 Effect of foreign currency translation (241 ) (2,606 ) (2,847 ) Balance at end of period $ 723,553 $ 911,729 $ 1,635,282 Nine Months Ended September 30, 2020 Small Consumer Business Total Balance at beginning of period $ 1,015,798 $ 171,785 $ 1,187,583 Originations or acquisitions 539,960 79,109 619,069 Interest and fees (1) 765,239 49,666 814,905 Repayments (1,362,099 ) (183,205 ) (1,545,304 ) Charge-offs, net (2) (363,169 ) (31,196 ) (394,365 ) Net change in fair value (2) 25,907 (10,710 ) 15,197 Effect of foreign currency translation (3,715 ) — (3,715 ) Balance at end of period $ 617,921 $ 75,449 $ 693,370 (1) Included in “Revenue” in the consolidated statements of income. (2) Included in “Change in Fair Value” in the consolidated statements of income. Guarantees of Consumer Loans In connection with its CSO programs, the Company guarantees consumer loan payment obligations to unrelated third-party lenders for consumer 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 September 30, 2021 and 2020 and December 31, 2020, the consumer loans guaranteed by the Company had an estimated fair value of $16.9 million, $7.4 million and $10.3 million, respectively and an outstanding principal balance of $11.4 million, $6.9 million and $8.8 million, respectively. As of September 30, 2021 and 2020 and December 31, 2020, the amount of consumer loans, including principal, fees and interest, guaranteed by the Company were $13.2 million, $8.1 million and $10.2 million, respectively. These loans are not included in the consolidated balance sheets as the Company does not own the loans prior to default.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Long-term Debt	4 . Long-term debt The Company’s long-term debt instruments and balances outstanding as of September 30, 2021 and 2020 and December 31, 2020, including maturity date, weighted average interest rate and borrowing capacity as of September 30, 2021, were as follows (dollars in thousands): Weighted Outstanding average Borrowing September 30, December 31, Maturity date interest rate (1) capacity 2021 2020 2020 Funding Debt: 2018-1 Securitization Facility September 2026 (2 ) 4.34% $ 150,000 $ 17,705 $ 41,152 $ 39,901 2018-2 Securitization Facility July 2025 (3 ) 4.19% 150,000 75,000 70,858 49,519 2019-1 Securitization Facility February 2022 (4 ) — — — 30,000 30,000 2018-A Notes May 2026 7.37% 3,925 3,925 23,291 18,140 2019-A Notes June 2026 6.99% 29,418 29,418 83,302 68,782 OnDeck Account Receivables Trust 2013-1 May 2021 (5 ) — — — — 29,728 Receivable Assets of OnDeck December 2023 (6 ) 2.57% 177,632 — — 22,915 OnDeck Asset Funding II August 2022 (7 ) — — — — 52,773 OnDeck Asset Securitization Trust III May 2027 (8 ) 2.07% 300,000 300,000 — — Other funding debt (9) Various (10 ) 4.66% 58,250 34,651 — 19,885 Total funding debt 3.10% $ 869,225 $ 460,699 $ 248,603 $ 331,643 Corporate Debt: 8.50% Senior Notes Due 2024 September 2024 8.50% $ 250,000 $ 250,000 $ 250,000 $ 250,000 8.50% Senior Notes Due 2025 September 2025 8.50% 375,000 375,000 375,000 375,000 Revolving line of credit June 2025 4.00% 310,000 (11 ) — — — Total corporate debt 8.50% $ 935,000 $ 625,000 $ 625,000 $ 625,000 Less: Long-term debt issuance costs $ (8,578 ) $ (10,126 ) $ (9,171 ) Less: Debt discounts (1,742 ) (6 ) (1,011 ) Total long-term debt $ 1,075,380 $ 863,472 $ 946,461 ( 1 ) The weighted average interest rate is determined based on the rates and principal balances on September 30, 2021. It does not include the impact of the amortization of deferred loan origination costs or debt discounts. ( 2 ) The period during which new borrowings may be made under this facility expires in September 2024. ( 3 ) The period during which new borrowings may be made under this facility expires in July 2023. ( 4 ) The period during which new borrowings may be made under this facility expired in February 2021. This facility was repaid and terminated on February 25, 2021. ( 5 ) The period during which new borrowings may be made under this facility expired in October 2020. This facility was repaid and terminated on February 19, 2021. ( 6 ) The period during which new borrowings may be made under this facility expires in December 2022. ( 7 ) This facility was repaid and terminated on June 15, 2021. ( 8 ) The period during which new borrowings may be made under this facility expires in April 2024. ( 9 ) These debt facilities support the Company’s operations in Australia and are denominated in Australian dollars. The total local currency borrowing capacity is AU$80.6 million, of which there is AU$47.9 million in principal outstanding at September 30, 2021. ( 10 ) The periods during which new borrowings may be made under the various agreements expire between June 2021 and March 2024. Maturity dates range from December 2021 through March 2024. ( 1 1 ) The Company had outstanding letters of credit under the Revolving line of credit of $0.8 million, $1.0 million and $1.0 million as of September 30, 2021 and 2020 and December 31, 2020, respectively. Weighted average interest rates on long-term debt were 7.65% and 8.15% during the nine months ended September 30, 2021 and 2020, respectively. As of September 30, 2021 and 2020 and December 31, 2020, the Company was in compliance with all covenants and other requirements set forth in the prevailing long-term debt agreements. Recent Updates to Debt Facilities 2018-1 Facility On September 15, 2021, the loan securitization facility (the “2018-1 Securitization Facility”) for EFR 2018-1, LLC, a wholly-owned indirect subsidiary of the Company, was amended to increase the advance rate from 80% to 90% and to reopen and extend the revolving period to September 15, 2024 and the final maturity date to September 15, 2026 . The amendment also increased the eligibility criteria around acceptable collateral and increased flexibility around certain financial covenants. 2018-2 Facility On July 23, 2021, the loan securitization facility (the “2018-2 Securitization Facility”) for EFR 2018-2, LLC was amended to increase the advance rate from 80% to 90% and to reopen and extend the revolving period for two years to July 23, 2023. The amendment also made certain changes in the scope of eligibility criteria for acceptable collateral. RAOD Facility Assumed in the OnDeck acquisition, the loan securitization facility (“RAOD Facility”) for Receivable Assets of OnDeck, LLC (“RAOD”), a wholly-owned indirect subsidiary of the Company, collateralizes certain eligible installment loans originated or purchased by OnDeck or certain other subsidiaries. On July 16, 2021, the RAOD facility was amended to increase the commitment from $100 million to $178 million and the advance rate from 76% to 90%. The scope of acceptable collateral was also expanded to include line of credit products from OnDeck in addition to installment loans. Revolving Credit Facility On May 10, 2021, the Company and certain of its subsidiaries amended their secured asset-backed revolving credit agreement (as previously amended, the “Credit Agreement”) by entering into the Fifth Amendment, Consent and Joinder to Credit Agreement and Amendment to Security Agreement (the “Fifth Amendment”) with TBK Bank, SSB, as administrative agent and collateral agent, and the lenders party thereto. The following table summarizes certain key terms of the Credit Agreement, as amended by the Fifth Amendment (dollars in thousands) : Original Credit Agreement Amended Credit Agreement Commitment amount $ 125,000 $ 310,000 Maturity date June 2022 June 2025 Advance rate 65.0% 75.0% Interest rate Prime Rate + 1.00% Prime Rate + 0.75% In addition to the above, the Fifth Amendment provides for certain prepayment penalties if the Credit Agreement, as amended by the Fifth Amendment, is terminated on or before the first and second anniversaries of the Fifth Amendment, subject to certain exceptions, including early renewal or extension. The syndicate of lenders in the TBK Facility, as amended by the Fifth Amendment, increased from four lenders to seven lenders. ODAST III Facility On May 5, 2021, OnDeck Asset Securitization Trust III LLC (“ODAST III”), a wholly-owned subsidiary of the Company, issued $300 million initial principal amount of Fixed-Rate Asset Backed Notes (the “Series 2021-1 Notes”) in a securitization transaction (the “Series 2021-1 Transaction” and such series, the “2021-1 Series”). The Series 2021-1 Notes are the first series of notes ever issued by ODAST III. On May 5, 2021, the proceeds of the Series 2021-1 Transaction were used to purchase small business loans from On Deck Capital, Inc. (“ODC”) and ODK Capital, LLC (“ODK”), each of which is a wholly-owned subsidiary of the Company, that will be pledged as collateral for the Series 2021-1 Notes. The Company used substantially all the proceeds from ODAST III to purchase such small business loans from certain of its subsidiaries and for other general corporate purposes. The Series 2021-1 Notes were issued in four classes with a weighted average fixed interest coupon of 2.07% per annum. The revolving period during which a certain portion of collections received on the portfolio of loans held by ODAST III may be used to continue to purchase loans from ODC and ODK ends in April 2024. The Series 2021-1 Notes have a final maturity in May 2027 The loans and other assets transferred by the Company to ODAST III are owned by ODAST III, are pledged to secure the payment of the notes issued by ODAST III, are assets of ODAST III and are not available to satisfy any of the Company’s obligations. Investors in the Series 2021-1 Transaction do not have direct recourse to the Company or OnDeck and the transaction is structured to be bankruptcy remote. ODAF II Facility On March 31, 2021, OnDeck Asset Funding II, LLC (“ODAF II”), a wholly-owned subsidiary of the Company, amended (the “ODAF II Amendment”) its asset-backed revolving debt facility (the “ODAF II Facility”) to modify the Credit Agreement, dated as of August 8, 2018, by and among ODAF II, as Borrower, the Lenders party thereto from time to time, Ares Agent Services, L.P., as Administrative Agent and Collateral Agent, and Wells Fargo Bank, N.A, as Paying Agent. The ODAF II Amendment extended the period during which an Enova Merger Change of Control (as defined in the ODAF II Facility) would not trigger any amortization event under the ODAF II Facility through June 30, 2021, and made certain technical, definitional, conforming and other changes. On June 15, 2021 all amounts outstanding under the ODAF II Facility were paid in full, and the ODAF II Facility and related credit documents were terminated along with the obligations thereunder and all security interests, pledges and liens were released.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	5 . Income Taxes The Company’s effective tax rate for the nine months ended September 30, 2021 was 24.5%, compared to 17.3% for the nine months ended September 30, 2020. The increase is primarily attributable to . As of September 30, 2021, the balance of unrecognized tax benefits was $35.3 million, which is included in “Accounts payable and accrued expenses” on the consolidated balance sheet The Company had $31.5 million and $39.0 million of unrecognized tax benefits as of 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 2016. However, the 2014 tax year is still open to the extent of the net operating loss that was carried back from the 2019 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 Company deferred the timing of federal tax estimates and payroll taxes as permitted by the CARES Act and has availed itself of net operating loss carryback provisions

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	6 . 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 nine months ended September 30, 2021 and 2020 (in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Numerator: Net income from continuing operations $ 51,548 $ 93,676 $ 207,645 $ 147,450 Net loss from discontinued operations — (9 ) — (297 ) Net income $ 51,548 $ 93,667 $ 207,645 $ 147,153 Denominator: Total weighted average basic shares 36,744 30,108 36,554 30,880 Shares applicable to stock-based compensation 1,240 255 1,320 300 Total weighted average diluted shares 37,984 30,363 37,874 31,180 Earnings per common share – basic: Continuing operations $ 1.40 $ 3.11 $ 5.68 $ 4.78 Discontinued operations — — — (0.01 ) Earnings per common share – basic $ 1.40 $ 3.11 $ 5.68 $ 4.77 Earnings per common share – diluted: Continuing operations $ 1.36 $ 3.09 $ 5.48 $ 4.73 Discontinued operations — — — (0.01 ) Earnings per common share – diluted $ 1.36 $ 3.09 $ 5.48 $ 4.72 For the three months ended September 30, and For the nine months ended and 2020 , 39,399 and 2,064,966 shares of common stock underlying stock options, respectively, and 57,349 and 835,192 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	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Operating Segment Information	7 . Operating Segment Information The Company provides online financial services to non-prime credit consumers and small businesses in the United States , Australia and Brazil single Geographic Information The following table presents the Company’s revenue by geographic region for the three and nine months ended September 30, 2021 and 2020 (dollars in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Revenue United States $ 313,502 $ 203,122 $ 826,923 $ 811,321 Other international countries 6,658 1,423 17,401 8,537 Total revenue $ 320,160 $ 204,545 $ 844,324 $ 819,858 The Company’s long-lived assets, which consist of the Company’s property and equipment, were $81.1 million, $63.4 million and $79.4 million at September 30, 2021 and 2020 and December 31, 2020, 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	9 Months Ended
	Sep. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	8 . 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 sought to enjoin NC Utah from continuing its then-existing lending practices in Virginia, and still seeks restitution, civil penalties, and costs and expenses in connection with the same. Due to a change in the law, NC Utah no longer lends to Virginia residents and the injunctive remedies sought against NC Utah’s lending practices are no longer applicable. 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	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	9 . Related Party Transactions With the acquisition of OnDeck, the Company records its interest in OnDeck Canada under the equity method of accounting; as such, OnDeck Canada is deemed a related party. As of September 30, 2021 and December 31, 2020, the Company had a due from affiliate balance of $1.2 million and $1.2 million, respectively, related to OnDeck Canada that is primarily the result of labor and software charges from people and technology assets at the OnDeck parent company. On February 24, 2021 the Company contributed the platform-as-service business assumed in the OnDeck acquisition to Linear in exchange for ownership units in that entity. The Company records its interest in Linear under the equity method of accounting. As of September 30, 2021, the Company had a due from affiliate balance of $0.7 million from Linear that is primarily comprised of reimbursable expenses paid by the Company on behalf of Linear and fees for services provided.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	10 . 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 nine months ended September 30, 2021 and 2020, 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. The Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2021 and 2020 and December 31, 2020 are as follows (dollars in thousands): September 30, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 723,553 $ — $ — $ 723,553 Small business loans and finance receivables (1)(2) 911,729 — — 911,729 Non-qualified savings plan assets (3) 5,192 5,192 — — Investment in trading security (4) 17,937 17,937 — — Total $ 1,658,411 $ 23,129 $ — $ 1,635,282 September 30, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 617,921 $ — $ — $ 617,921 Small business loans and finance receivables (1) 75,449 — — 75,449 Non-qualified savings plan assets (3) 3,544 3,544 — — Investment in trading security (4) 16,657 16,657 — — Total $ 713,571 $ 20,201 $ — $ 693,370 December 31, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 625,219 $ — $ — $ 625,219 Small business loans and finance receivables (1)(2) 616,287 — — 616,287 Non-qualified savings plan assets (3) 3,972 3,972 — — Investment in trading security (4) 19,273 19,273 — — Total $ 1,264,751 $ 23,245 $ — $ 1,241,506 (1) Consumer and small business loans and finance receivables are included in “Loans and finance receivables at fair value” in the consolidated balance sheets. (2) Consumer loans and finance receivables include $189.3 million, $339.4 million and $277.6 million in assets of consolidated VIEs as of September 30, 2021 and 2020 and December 31, 2020, respectively. Small business loans and finance receivables include $384.0 million and $251.3 million in assets of consolidated VIEs as of September 30, 2021 and December 31, 2020, respectively. (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, such as estimated losses, prepayments, utilization rates, servicing costs and discount rates, that are unobservable but reflect the Company’s best estimates of the assumptions a market participant would use to calculate fair value. 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 September 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 September 30, Financial Assets and Liabilities Not Measured at Fair Value The Company’s financial assets and liabilities as of September 30, 2021 and 2020 and December 31, 2020 that are not measured at fair value in the consolidated balance sheets are as follows (dollars in thousands): Balance at September 30, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 229,088 $ 229,088 $ — $ — Restricted cash (1) 59,053 59,053 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 295,059 $ 288,141 $ — $ 6,918 Financial liabilities: Securitization notes $ 458,958 $ — $ 463,030 $ — 8.50% senior notes due 2024 250,000 — 254,495 — 8.50% senior notes due 2025 375,000 — 387,116 — Total $ 1,083,958 $ — $ 1,104,641 $ — Balance at September 30, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 490,033 $ 490,033 $ — $ — Restricted cash (1) 45,017 45,017 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 541,968 $ 535,050 $ — $ 6,918 Financial liabilities: Securitization notes $ 248,598 $ — $ 250,510 $ — 8.50% senior notes due 2024 250,000 — 234,383 — 8.50% senior notes due 2025 375,000 — 355,140 — Total $ 873,598 $ — $ 840,033 $ — Balance at December 31, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 297,273 $ 297,273 $ — $ — Restricted cash (1) 71,927 71,927 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 376,118 $ 369,200 $ — $ 6,918 Financial liabilities: Securitization notes $ 330,632 $ — $ 333,532 $ — 8.50% senior notes due 2024 250,000 — 247,680 — 8.50% senior notes due 2025 375,000 — 367,770 — Total $ 955,632 $ — $ 948,982 $ — (1) Restricted cash includes $47.2 million, $42.7 million and $64.8 million in assets of consolidated VIEs as of September 30, 2021 and 2020 and December 31, 2020, respectively. (2) Investment in unconsolidated investee is included in “Other assets” in the consolidated balance sheets. 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. 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. 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	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	11 . Subsequent Events Subsequent events have been reviewed through the date these financial statements were issued.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
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 July 28, 2020, the Company and OnDeck Capital Inc. (“OnDeck”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) among the Company, OnDeck and Energy Merger Sub, Inc., a wholly owned subsidiary of the Company (“Merger Sub”), pursuant to which, subject to the satisfaction or waiver of the conditions set forth therein, Merger Sub would merge with and into OnDeck, with OnDeck surviving as an indirect wholly owned subsidiary of the Company. On October 13, 2020, the Company and OnDeck completed the transaction following the approval of OnDeck’s stockholders and the satisfaction of all other closing conditions. The accompanying unaudited consolidated results of operations for the three and nine months ended 2021 With the acquisition of OnDeck, the Company owns a controlling interest in On Deck Capital Australia PTY LTD (“OnDeck Australia”). The remaining interests are owned by an unrelated third party. The Company consolidates the financial position and results of operations of this entity under the voting interest model. The noncontrolling interest, which is presented as a separate component of consolidated equity, represents the minority owners’ proportionate share of the equity of the entity and is adjusted for the minority owners’ share of the earnings, losses, investments and distributions. The consolidated financial statements presented as of September 30, 2021 and 2020 and for the three and nine-month periods ended September 30, 2021 and 2020 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 nine-month periods are not necessarily indicative of the results that may be expected for the full fiscal year. Certain prior period amounts have been reclassified to conform to the current year presentation. With the acquisition of OnDeck, small business loans comprise a significantly larger portion of the Company’s overall loan portfolio. Where presented on a disaggregated basis, loans and finance receivables that were previously grouped as line of credit accounts and installment loans and RPAs, are now grouped at the consumer and small business levels as management has deemed these groupings to be more meaningful to users of the financial statements. These consolidated financial statements and related notes should be read in conjunction with the Company’s audited consolidated financial statements as of December 31, 2020 and 2019 and for the years ended December 31, 2020, 2019 and 2018 and related notes, which are included on Form 10-K filed with the SEC on February 26, 2021.
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 its 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. During the 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 agreement was extended and is scheduled to expire January 8, 2022 but with options to extend the term for three-month
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): September 30, 2021 2020 Cash and cash equivalents $ 229,088 $ 490,033 Restricted cash 59,053 45,017 Total cash, cash equivalents and restricted cash $ 288,141 $ 535,050
Loans and Finance Receivables	Loans and Finance Receivables 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, prepayments, utilization rates and servicing costs over the estimated duration of the underlying assets. Loss, prepayment, utilization and servicing cost 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 at fair value” 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. Excluding OnDeck loans and finance receivables, 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. For the OnDeck portfolio, a loan is considered to be delinquent when the scheduled payments are one day past due. Loans are placed in nonaccrual status and the accrual of interest income is stopped on loans that are delinquent and non-paying. Loans are returned to accrual status if they are brought to non-delinquent status or have performed in accordance with the contractual terms for a reasonable period of time and, in the Company’s judgment, will continue to make periodic principal and interest payments as scheduled. 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. 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 charges 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 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. For the OnDeck portfolio, the Company generally charges off a loan when it is probable that it will be unable to collect all of the remaining principal payments, which is generally after 90 days of delinquency and 30 days of non-activity. 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 or sold.
Goodwill	Goodwill Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In accordance with Accounting Standards Codification (“ASC”) 350, Goodwill The Company first assesses qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. In assessing the qualitative factors, management considers relevant events and circumstances including but not limited to macroeconomic conditions, industry and market environment, overall financial performance of the Company, cash flow from operating activities, market capitalization and stock price. If the Company determines that the quantitative impairment test is required, management uses the income approach to complete its annual goodwill assessment. The income approach uses future cash flows and estimated terminal values for the Company that are discounted using a market participant perspective to determine the fair value, which is then compared to the carrying value to determine if there is impairment. The income approach includes assumptions about revenue growth rates, operating margins and terminal growth rates discounted by an estimated weighted-average cost of capital derived from other publicly-traded companies that are similar but not identical from an operational and economic standpoint. The Company completed its annual assessment of goodwill as of June 30, 2021 based on qualitative factors and determined that a quantitative analysis was not required; as such, no impairment existed at that date. The Company expects that its entire goodwill balance will be deductible for tax purposes.
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.
Marketing Expenses	Marketing Expenses Marketing expenses consist of digital costs, lead purchase costs and offline marketing costs such as television and direct mail advertising. All marketing expenses are expensed as incurred.
Equity Method Investments	Equity Method Investments With the acquisition of OnDeck, as discussed in Note 2, the Company records its interest in On Deck Capital Canada Holdings, Inc. (“OnDeck Canada”) On February 24, 2021 the Company contributed the platform-as-service business assumed in the OnDeck acquisition to Linear Financial Technologies Holding LLC (“Linear”) in exchange for ownership units in that entity. The Company records its interest in Linear under the equity method of accounting. As of September 30, 2021 , the carrying value of the Company’s investment in Linear was $ 5.6 million, which the Company has included in “Other assets” on the consolidated balance sheets. Equity method income has been included in “Equity method investment income” in the consolidated income statements.
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 transfers certain loan receivables to VIEs, which issue notes backed by the underlying 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 November 2019, the Financial Accounting Standards Board (“FASB”) Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes .

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
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): September 30, 2021 2020 Cash and cash equivalents $ 229,088 $ 490,033 Restricted cash 59,053 45,017 Total cash, cash equivalents and restricted cash $ 288,141 $ 535,050

Loans and Finance Receivables (

Loans and Finance Receivables (Tables)	9 Months Ended
	Sep. 30, 2021
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 nine months ended September 30, 2021 and 2020 was as follows (dollars in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Consumer loans and finance receivables revenue $ 215,432 $ 192,567 $ 571,681 $ 765,239 Small business loans and finance receivables revenue 100,610 10,830 261,731 49,666 Total loans and finance receivables revenue 316,042 203,397 833,412 814,905 Other 4,118 1,148 10,912 4,953 Total revenue $ 320,160 $ 204,545 $ 844,324 $ 819,858
Components of Company-owned Loans and Finance Receivables at Fair Value	The components of Company-owned loans and finance receivables at September 30, 2021 and 2020 and December 31, 2020 were as follows (dollars in thousands): As of September 30, 2021 Small Consumer Business Total Principal balance - accrual $ 650,377 $ 840,778 $ 1,491,155 Principal balance - non-accrual 59,404 35,890 95,294 Total principal balance 709,781 876,668 1,586,449 Loans and finance receivables at fair value - accrual 718,194 891,722 1,609,916 Loans and finance receivables at fair value - non-accrual 5,359 20,007 25,366 Loans and finance receivables at fair value 723,553 911,729 1,635,282 Difference between principal balance and fair value $ 13,772 $ 35,061 $ 48,833 As of September 30, 2020 Small Consumer Business Total Principal balance - accrual $ 551,541 $ 72,664 $ 624,205 Principal balance - non-accrual 18,015 9,069 27,084 Total principal balance 569,556 81,733 651,289 Loans and finance receivables at fair value - accrual 613,975 69,934 683,909 Loans and finance receivables at fair value - non-accrual 3,946 5,515 9,461 Loans and finance receivables at fair value $ 617,921 $ 75,449 $ 693,370 Difference between principal balance and fair value $ 48,365 $ (6,284 ) $ 42,081 As of December 31, 2020 Small Consumer Business Total Principal balance - accrual $ 547,015 $ 634,476 $ 1,181,491 Principal balance - non-accrual 29,389 52,254 81,643 Total principal balance 576,404 686,730 1,263,134 Loans and finance receivables at fair value - accrual 621,257 592,654 1,213,911 Loans and finance receivables at fair value - non-accrual 3,962 23,633 27,595 Loans and finance receivables at fair value $ 625,219 $ 616,287 $ 1,241,506 Difference between principal balance and fair value $ 48,815 $ (70,443 ) $ (21,628 )
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 nine months ended September 30, 2021 and 2020 were as follows (dollars in thousands): Three Months Ended September 30, 2021 Small Consumer Business Total Balance at beginning of period $ 623,975 $ 784,728 $ 1,408,703 Originations or acquisitions 370,791 461,595 832,386 Interest and fees (1) 215,432 100,610 316,042 Repayments (389,035 ) (458,212 ) (847,247 ) Charge-offs, net (2) (57,836 ) (7,060 ) (64,896 ) Net change in fair value (2) (39,225 ) 31,575 (7,650 ) Effect of foreign currency translation (549 ) (1,507 ) (2,056 ) Balance at end of period $ 723,553 $ 911,729 $ 1,635,282 Three Months Ended September 30, 2020 Small Consumer Business Total Balance at beginning of period $ 690,957 $ 108,705 $ 799,662 Originations or acquisitions 120,838 2,500 123,338 Interest and fees (1) 192,567 10,830 203,397 Repayments (362,010 ) (48,187 ) (410,197 ) Charge-offs, net (2) (30,670 ) (4,496 ) (35,166 ) Net change in fair value (2) 6,292 6,097 12,389 Effect of foreign currency translation (53 ) — (53 ) Balance at end of period $ 617,921 $ 75,449 $ 693,370 Nine Months Ended September 30, 2021 Small Consumer Business Total Balance at beginning of period $ 625,219 $ 616,287 $ 1,241,506 Originations or acquisitions 800,101 1,184,405 1,984,506 Interest and fees (1) 571,681 261,731 833,412 Repayments (1,100,366 ) (1,222,675 ) (2,323,041 ) Charge-offs, net (2) (121,294 ) (30,204 ) (151,498 ) Net change in fair value (2) (51,547 ) 104,791 53,244 Effect of foreign currency translation (241 ) (2,606 ) (2,847 ) Balance at end of period $ 723,553 $ 911,729 $ 1,635,282 Nine Months Ended September 30, 2020 Small Consumer Business Total Balance at beginning of period $ 1,015,798 $ 171,785 $ 1,187,583 Originations or acquisitions 539,960 79,109 619,069 Interest and fees (1) 765,239 49,666 814,905 Repayments (1,362,099 ) (183,205 ) (1,545,304 ) Charge-offs, net (2) (363,169 ) (31,196 ) (394,365 ) Net change in fair value (2) 25,907 (10,710 ) 15,197 Effect of foreign currency translation (3,715 ) — (3,715 ) Balance at end of period $ 617,921 $ 75,449 $ 693,370 (1) Included in “Revenue” in the consolidated statements of income. (2) Included in “Change in Fair Value” in the consolidated statements of income.

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Summary of Long-Term Debt Instruments and Balances Outstanding Including Maturity Date, Weighted Average Interest Rate and Borrowing Capacity	The Company’s long-term debt instruments and balances outstanding as of September 30, 2021 and 2020 and December 31, 2020, including maturity date, weighted average interest rate and borrowing capacity as of September 30, 2021, were as follows (dollars in thousands): Weighted Outstanding average Borrowing September 30, December 31, Maturity date interest rate (1) capacity 2021 2020 2020 Funding Debt: 2018-1 Securitization Facility September 2026 (2 ) 4.34% $ 150,000 $ 17,705 $ 41,152 $ 39,901 2018-2 Securitization Facility July 2025 (3 ) 4.19% 150,000 75,000 70,858 49,519 2019-1 Securitization Facility February 2022 (4 ) — — — 30,000 30,000 2018-A Notes May 2026 7.37% 3,925 3,925 23,291 18,140 2019-A Notes June 2026 6.99% 29,418 29,418 83,302 68,782 OnDeck Account Receivables Trust 2013-1 May 2021 (5 ) — — — — 29,728 Receivable Assets of OnDeck December 2023 (6 ) 2.57% 177,632 — — 22,915 OnDeck Asset Funding II August 2022 (7 ) — — — — 52,773 OnDeck Asset Securitization Trust III May 2027 (8 ) 2.07% 300,000 300,000 — — Other funding debt (9) Various (10 ) 4.66% 58,250 34,651 — 19,885 Total funding debt 3.10% $ 869,225 $ 460,699 $ 248,603 $ 331,643 Corporate Debt: 8.50% Senior Notes Due 2024 September 2024 8.50% $ 250,000 $ 250,000 $ 250,000 $ 250,000 8.50% Senior Notes Due 2025 September 2025 8.50% 375,000 375,000 375,000 375,000 Revolving line of credit June 2025 4.00% 310,000 (11 ) — — — Total corporate debt 8.50% $ 935,000 $ 625,000 $ 625,000 $ 625,000 Less: Long-term debt issuance costs $ (8,578 ) $ (10,126 ) $ (9,171 ) Less: Debt discounts (1,742 ) (6 ) (1,011 ) Total long-term debt $ 1,075,380 $ 863,472 $ 946,461 ( 1 ) The weighted average interest rate is determined based on the rates and principal balances on September 30, 2021. It does not include the impact of the amortization of deferred loan origination costs or debt discounts. ( 2 ) The period during which new borrowings may be made under this facility expires in September 2024. ( 3 ) The period during which new borrowings may be made under this facility expires in July 2023. ( 4 ) The period during which new borrowings may be made under this facility expired in February 2021. This facility was repaid and terminated on February 25, 2021. ( 5 ) The period during which new borrowings may be made under this facility expired in October 2020. This facility was repaid and terminated on February 19, 2021. ( 6 ) The period during which new borrowings may be made under this facility expires in December 2022. ( 7 ) This facility was repaid and terminated on June 15, 2021. ( 8 ) The period during which new borrowings may be made under this facility expires in April 2024. ( 9 ) These debt facilities support the Company’s operations in Australia and are denominated in Australian dollars. The total local currency borrowing capacity is AU$80.6 million, of which there is AU$47.9 million in principal outstanding at September 30, 2021. ( 10 ) The periods during which new borrowings may be made under the various agreements expire between June 2021 and March 2024. Maturity dates range from December 2021 through March 2024. ( 1 1 ) The Company had outstanding letters of credit under the Revolving line of credit of $0.8 million, $1.0 million and $1.0 million as of September 30, 2021 and 2020 and December 31, 2020, respectively.
Summary of Credit Agreement	The following table summarizes certain key terms of the Credit Agreement, as amended by the Fifth Amendment (dollars in thousands) : Original Credit Agreement Amended Credit Agreement Commitment amount $ 125,000 $ 310,000 Maturity date June 2022 June 2025 Advance rate 65.0% 75.0% Interest rate Prime Rate + 1.00% Prime Rate + 0.75%

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2021
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 nine months ended September 30, 2021 and 2020 (in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Numerator: Net income from continuing operations $ 51,548 $ 93,676 $ 207,645 $ 147,450 Net loss from discontinued operations — (9 ) — (297 ) Net income $ 51,548 $ 93,667 $ 207,645 $ 147,153 Denominator: Total weighted average basic shares 36,744 30,108 36,554 30,880 Shares applicable to stock-based compensation 1,240 255 1,320 300 Total weighted average diluted shares 37,984 30,363 37,874 31,180 Earnings per common share – basic: Continuing operations $ 1.40 $ 3.11 $ 5.68 $ 4.78 Discontinued operations — — — (0.01 ) Earnings per common share – basic $ 1.40 $ 3.11 $ 5.68 $ 4.77 Earnings per common share – diluted: Continuing operations $ 1.36 $ 3.09 $ 5.48 $ 4.73 Discontinued operations — — — (0.01 ) Earnings per common share – diluted $ 1.36 $ 3.09 $ 5.48 $ 4.72

Operating Segment Information (

Operating Segment Information (Tables)	9 Months Ended
	Sep. 30, 2021
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 nine months ended September 30, 2021 and 2020 (dollars in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Revenue United States $ 313,502 $ 203,122 $ 826,923 $ 811,321 Other international countries 6,658 1,423 17,401 8,537 Total revenue $ 320,160 $ 204,545 $ 844,324 $ 819,858

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2021
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 September 30, 2021 and 2020 and December 31, 2020 are as follows (dollars in thousands): September 30, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 723,553 $ — $ — $ 723,553 Small business loans and finance receivables (1)(2) 911,729 — — 911,729 Non-qualified savings plan assets (3) 5,192 5,192 — — Investment in trading security (4) 17,937 17,937 — — Total $ 1,658,411 $ 23,129 $ — $ 1,635,282 September 30, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 617,921 $ — $ — $ 617,921 Small business loans and finance receivables (1) 75,449 — — 75,449 Non-qualified savings plan assets (3) 3,544 3,544 — — Investment in trading security (4) 16,657 16,657 — — Total $ 713,571 $ 20,201 $ — $ 693,370 December 31, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Consumer loans and finance receivables (1)(2) $ 625,219 $ — $ — $ 625,219 Small business loans and finance receivables (1)(2) 616,287 — — 616,287 Non-qualified savings plan assets (3) 3,972 3,972 — — Investment in trading security (4) 19,273 19,273 — — Total $ 1,264,751 $ 23,245 $ — $ 1,241,506 (1) Consumer and small business loans and finance receivables are included in “Loans and finance receivables at fair value” in the consolidated balance sheets. (2) Consumer loans and finance receivables include $189.3 million, $339.4 million and $277.6 million in assets of consolidated VIEs as of September 30, 2021 and 2020 and December 31, 2020, respectively. Small business loans and finance receivables include $384.0 million and $251.3 million in assets of consolidated VIEs as of September 30, 2021 and December 31, 2020, respectively. (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.
Financial Assets and Liabilities Not Measured at Fair Value	The Company’s financial assets and liabilities as of September 30, 2021 and 2020 and December 31, 2020 that are not measured at fair value in the consolidated balance sheets are as follows (dollars in thousands): Balance at September 30, Fair Value Measurements Using 2021 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 229,088 $ 229,088 $ — $ — Restricted cash (1) 59,053 59,053 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 295,059 $ 288,141 $ — $ 6,918 Financial liabilities: Securitization notes $ 458,958 $ — $ 463,030 $ — 8.50% senior notes due 2024 250,000 — 254,495 — 8.50% senior notes due 2025 375,000 — 387,116 — Total $ 1,083,958 $ — $ 1,104,641 $ — Balance at September 30, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 490,033 $ 490,033 $ — $ — Restricted cash (1) 45,017 45,017 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 541,968 $ 535,050 $ — $ 6,918 Financial liabilities: Securitization notes $ 248,598 $ — $ 250,510 $ — 8.50% senior notes due 2024 250,000 — 234,383 — 8.50% senior notes due 2025 375,000 — 355,140 — Total $ 873,598 $ — $ 840,033 $ — Balance at December 31, Fair Value Measurements Using 2020 Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 297,273 $ 297,273 $ — $ — Restricted cash (1) 71,927 71,927 — — Investment in unconsolidated investee (2) 6,918 — — 6,918 Total $ 376,118 $ 369,200 $ — $ 6,918 Financial liabilities: Securitization notes $ 330,632 $ — $ 333,532 $ — 8.50% senior notes due 2024 250,000 — 247,680 — 8.50% senior notes due 2025 375,000 — 367,770 — Total $ 955,632 $ — $ 948,982 $ — (1) Restricted cash includes $47.2 million, $42.7 million and $64.8 million in assets of consolidated VIEs as of September 30, 2021 and 2020 and December 31, 2020, respectively. (2) Investment in unconsolidated investee is included in “Other assets” in the consolidated balance sheets.

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Significant Accounting Policies [Line Items]
Revenue	$ 320,160	$ 204,545			$ 844,324	$ 819,858
Goodwill impairment loss				$ 0
ASU 2019-12
Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true				true
Change in accounting principle, accounting standards update, adoption date	Jan. 1, 2021				Jan. 1, 2021
Change in accounting principle, accounting standards update, immaterial effect [true false]	true				true
Other Assets | On Deck Capital Incorporation
Significant Accounting Policies [Line Items]
Carrying value of investment	$ 13,300				$ 13,300		$ 10,500
Other Assets | Linear
Significant Accounting Policies [Line Items]
Carrying value of investment	5,600				$ 5,600
Minimum
Significant Accounting Policies [Line Items]
Days for delinquent loans to be charged off					60 days
Delinquent loans expiry period (in days)					1 day
Maximum
Significant Accounting Policies [Line Items]
Days for delinquent loans to be charged off					65 days
Delinquent loans expiry period (in days)					64 days
U.K. Business
Significant Accounting Policies [Line Items]
Agreement, scheduled expiration date					January 8, 2022
Options to extend term					3 months
Revenue	800	1,000			$ 2,400	4,100
Administrative fee due	$ 700	$ 1,000			$ 700	$ 1,000	$ 900
Discontinued Operations
Significant Accounting Policies [Line Items]
Impairment charges			$ 400
Impairment charges, net of tax			$ 300

Significant Accounting Polici_5

Significant Accounting Policies - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Detail) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Cash and cash equivalents	[1]	$ 229,088	$ 297,273	$ 490,033
Restricted cash	[1]	59,053	71,927	45,017
Total cash, cash equivalents and restricted cash		$ 288,141	$ 369,200	$ 535,050	$ 80,964
[1]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 19, 2021	Oct. 12, 2020	Jul. 28, 2020	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Business Acquisition [Line Items]
Goodwill				$ 279,275	$ 267,974	$ 267,868
On Deck Capital Incorporation
Business Acquisition [Line Items]
Merger agreement date			Jul. 28, 2020
Business acquisition, transaction completed date			Oct. 13, 2020
Business acquisition per share price to be received by shareholders		$ 18.74	$ 0.12
Business acquisition number of common shares issuable for each common stock held by shareholders			0.092
Acquisition of OnDeck, shares		5,600,000
Business acquisition, value of common stock and cash provided in exchange		$ 111,500
Business acquisition, cancellation or replacement of certain equity awards		$ 4,200
Pangea Universal Holdings
Business Acquisition [Line Items]
Business acquisition, value of common stock and cash provided in exchange	$ 32,900
Cash paid	30,000
Loan forgiveness	2,900
Purchase Consideration, Intangible assets	19,800
Goodwill	$ 11,300

Loans and Finance Receivables -

Loans and Finance Receivables - Schedule of Revenue Generated from Loans and Finance Receivables (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Accounts Notes And Loans Receivable [Line Items]
Total loans and finance receivables revenue	[1]	$ 316,042	$ 203,397	$ 833,412	$ 814,905
Other		4,118	1,148	10,912	4,953
Total revenue		320,160	204,545	844,324	819,858
Consumer Loans and Finance Receivables Revenue
Accounts Notes And Loans Receivable [Line Items]
Total loans and finance receivables revenue		215,432	192,567	571,681	765,239
Small Business Loans and Finance Receivables Revenue
Accounts Notes And Loans Receivable [Line Items]
Total loans and finance receivables revenue		$ 100,610	$ 10,830	$ 261,731	$ 49,666
[1]	Included in “Revenue” in the consolidated statements of income.

Loans and Finance Receivables_2

Loans and Finance Receivables - Components of Company-owned Loans and Finance Receivables At Fair Value (Detail) - USD ($) $ in Thousands	Sep. 30, 2021		Jun. 30, 2021	Dec. 31, 2020		Sep. 30, 2020		Jun. 30, 2020	Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]
Principal balance - accrual	$ 1,491,155			$ 1,181,491		$ 624,205
Principal balance - non-accrual	95,294			81,643		27,084
Total principal balance	1,586,449			1,263,134		651,289
Loans and finance receivables at fair value - accrual	1,609,916			1,213,911		683,909
Loans and finance receivables at fair value - non-accrual	25,366			27,595		9,461
Loans and finance receivables at fair value	1,635,282	[1]	$ 1,408,703	1,241,506	[1]	693,370	[1]	$ 799,662	$ 1,187,583
Difference between principal balance and fair value	48,833			(21,628)		42,081
Consumer
Accounts Notes And Loans Receivable [Line Items]
Principal balance - accrual	650,377			547,015		551,541
Principal balance - non-accrual	59,404			29,389		18,015
Total principal balance	709,781			576,404		569,556
Loans and finance receivables at fair value - accrual	718,194			621,257		613,975
Loans and finance receivables at fair value - non-accrual	5,359			3,962		3,946
Loans and finance receivables at fair value	723,553		623,975	625,219		617,921		690,957	1,015,798
Difference between principal balance and fair value	13,772			48,815		48,365
Small Business
Accounts Notes And Loans Receivable [Line Items]
Principal balance - accrual	840,778			634,476		72,664
Principal balance - non-accrual	35,890			52,254		9,069
Total principal balance	876,668			686,730		81,733
Loans and finance receivables at fair value - accrual	891,722			592,654		69,934
Loans and finance receivables at fair value - non-accrual	20,007			23,633		5,515
Loans and finance receivables at fair value	911,729		$ 784,728	616,287		75,449		$ 108,705	$ 171,785
Difference between principal balance and fair value	$ 35,061			$ (70,443)		$ (6,284)
[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 - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Accounts Notes And Loans Receivable [Line Items]
Active consumer loans owned by third-party lenders	$ 13.2	$ 10.2	$ 8.1
Accrual for losses on consumer loan guaranty obligations	16.9	10.3	7.4
Accrual for third party lender owned consumer loans, outstanding principal amount	11.4	8.8	6.9
Financial Asset, Equal to or Greater than 90 Days Past Due
Accounts Notes And Loans Receivable [Line Items]
Aggregate fair value of loans and finance receivables that are 90 days or more past due	6.2	14.3	0.5
Aggregate fair value of loans and finance receivables in non-accrual status	6.1	14.1	0.3
Aggregate unpaid principal balance for loans and finance receivables that are 90 days or more past due	$ 11.6	$ 33.9	$ 1.9

Loans and Finance Receivables_4

Loans and Finance Receivables - Schedule of Changes in Fair Value of Company-owned Loans and Finance Receivables (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021		Sep. 30, 2020
Accounts Notes And Loans Receivable [Line Items]
Balance at beginning of period		$ 1,408,703	$ 799,662	$ 1,241,506	[1]	$ 1,187,583
Originations or acquisitions		832,386	123,338	1,984,506		619,069
Interest and fees	[2]	316,042	203,397	833,412		814,905
Repayments		(847,247)	(410,197)	(2,323,041)		(1,545,304)
Charge-offs, net	[3]	(64,896)	(35,166)	(151,498)		(394,365)
Net change in fair value	[3]	(7,650)	12,389	53,244		15,197
Effect of foreign currency translation		(2,056)	(53)	(2,847)		(3,715)
Balance at end of period	[1]	1,635,282	693,370	1,635,282		693,370
Consumer
Accounts Notes And Loans Receivable [Line Items]
Balance at beginning of period		623,975	690,957	625,219		1,015,798
Originations or acquisitions		370,791	120,838	800,101		539,960
Interest and fees	[2]	215,432	192,567	571,681		765,239
Repayments		(389,035)	(362,010)	(1,100,366)		(1,362,099)
Charge-offs, net	[3]	(57,836)	(30,670)	(121,294)		(363,169)
Net change in fair value	[3]	(39,225)	6,292	(51,547)		25,907
Effect of foreign currency translation		(549)	(53)	(241)		(3,715)
Balance at end of period		723,553	617,921	723,553		617,921
Small Business
Accounts Notes And Loans Receivable [Line Items]
Balance at beginning of period		784,728	108,705	616,287		171,785
Originations or acquisitions		461,595	2,500	1,184,405		79,109
Interest and fees	[2]	100,610	10,830	261,731		49,666
Repayments		(458,212)	(48,187)	(1,222,675)		(183,205)
Charge-offs, net	[3]	(7,060)	(4,496)	(30,204)		(31,196)
Net change in fair value	[3]	31,575	6,097	104,791		(10,710)
Effect of foreign currency translation		(1,507)		(2,606)
Balance at end of period		$ 911,729	$ 75,449	$ 911,729		$ 75,449
[1]	Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries (“VIEs”) presented separately in the table below.
[2]	Included in “Revenue” in the consolidated statements of income.
[3]	Included in “Change in Fair Value” in the consolidated statements of income.

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-Term Debt Instruments and Balances Outstanding Including Maturity Date, Weighted Average Interest Rate and Borrowing Capacity (Detail) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Debt Instrument [Line Items]
Weighted average interest rate		7.65%		8.15%
Less: Long-term debt issuance costs		$ (8,578)	$ (9,171)	$ (10,126)
Less: Debt discounts		(1,742)	(1,011)	(6)
Total long-term debt	[1]	$ 1,075,380	946,461	863,472
Funding Debt
Debt Instrument [Line Items]
Weighted average interest rate	[2]	3.10%
Borrowing capacity		$ 869,225
Total debt, outstanding		$ 460,699	331,643	248,603
Funding Debt | 2018-1 Securitization Facility
Debt Instrument [Line Items]
Maturity date	[3]	2026-09
Weighted average interest rate	[2]	4.34%
Borrowing capacity		$ 150,000
Total debt, outstanding		$ 17,705	39,901	41,152
Funding Debt | 2018-2 Securitization Facility
Debt Instrument [Line Items]
Maturity date	[4]	2025-07
Weighted average interest rate	[2]	4.19%
Borrowing capacity		$ 150,000
Total debt, outstanding		$ 75,000	49,519	70,858
Funding Debt | 2019-1 Securitization Facility
Debt Instrument [Line Items]
Maturity date	[5]	2022-02
Total debt, outstanding			30,000	30,000
Funding Debt | 2018-A Notes
Debt Instrument [Line Items]
Maturity date		2026-05
Weighted average interest rate	[2]	7.37%
Borrowing capacity		$ 3,925
Total debt, outstanding		$ 3,925	18,140	23,291
Funding Debt | 2019-A Notes
Debt Instrument [Line Items]
Maturity date		2026-06
Weighted average interest rate	[2]	6.99%
Borrowing capacity		$ 29,418
Total debt, outstanding		$ 29,418	68,782	83,302
Funding Debt | OnDeck Account Receivables Trust 2013-1
Debt Instrument [Line Items]
Maturity date	[6]	2021-05
Total debt, outstanding			29,728
Funding Debt | Receivable Assets of OnDeck
Debt Instrument [Line Items]
Maturity date	[7]	2023-12
Weighted average interest rate	[2]	2.57%
Borrowing capacity		$ 177,632
Total debt, outstanding			22,915
Funding Debt | OnDeck Asset Funding II
Debt Instrument [Line Items]
Maturity date	[8]	2022-08
Total debt, outstanding			52,773
Funding Debt | OnDeck Asset Securitization Trust III
Debt Instrument [Line Items]
Maturity date	[9]	2027-05
Weighted average interest rate	[2]	2.07%
Borrowing capacity		$ 300,000
Total debt, outstanding		$ 300,000
Funding Debt | Other Funding Debt
Debt Instrument [Line Items]
Weighted average interest rate	[2],[10]	4.66%
Borrowing capacity	[10]	$ 58,250
Total debt, outstanding	[10]	$ 34,651	19,885
Corporate Debt
Debt Instrument [Line Items]
Weighted average interest rate	[2]	8.50%
Borrowing capacity		$ 935,000
Total corporate debt		$ 625,000	625,000	625,000
Corporate Debt | Revolving Line of Credit
Debt Instrument [Line Items]
Maturity date		2025-06
Weighted average interest rate	[2]	4.00%
Borrowing capacity	[11]	$ 310,000
Corporate Debt | 8.50% Senior Notes Due 2024
Debt Instrument [Line Items]
Maturity date		2024-09
Weighted average interest rate	[2]	8.50%
Borrowing capacity		$ 250,000
Senior Notes		$ 250,000	250,000	250,000
Corporate Debt | 8.50% Senior Notes Due 2025
Debt Instrument [Line Items]
Maturity date		2025-09
Weighted average interest rate	[2]	8.50%
Borrowing capacity		$ 375,000
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.
[2]	The weighted average interest rate is determined based on the rates and principal balances on September 30, 2021. It does not include the impact of the amortization of deferred loan origination costs or debt discounts.
[3]	The period during which new borrowings may be made under this facility expires in September 2024.
[4]	The period during which new borrowings may be made under this facility expires in July 2023.
[5]	The period during which new borrowings may be made under this facility expired in February 2021. This facility was repaid and terminated on February 25, 2021.
[6]	The period during which new borrowings may be made under this facility expired in October 2020. This facility was repaid and terminated on February 19, 2021.
[7]	The period during which new borrowings may be made under this facility expires in December 2022.
[8]	This facility was repaid and terminated on June 15, 2021.
[9]	The period during which new borrowings may be made under this facility expires in April 2024.
[10]	These debt facilities support the Company’s operations in Australia and are denominated in Australian dollars. The total local currency borrowing capacity is AU$80.6 million, of which there is AU$47.9 million in principal outstanding at September 30, 2021
[11]	The Company had outstanding letters of credit under the Revolving line of credit of $0.8 million, $1.0 million and $1.0 million as of September 30, 2021 and 2020 and December 31, 2020, respectively.

Long-term Debt - Summary of L_2

Long-term Debt - Summary of Long-Term Debt Instruments and Balances Outstanding Including Maturity Date, Weighted Average Interest Rate and Borrowing Capacity (Parenthetical) (Detail) $ in Millions, $ in Millions	Sep. 30, 2021USD ($)	Sep. 30, 2021AUD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)
Revolving Credit Facility
Debt Instrument [Line Items]
Letters of credit outstanding amount	$ 0.8		$ 1	$ 1
Local Currency Borrowing Capacity
Debt Instrument [Line Items]
Borrowing capacity		$ 80.6
Principal outstanding		$ 47.9

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail) - USD ($)	Sep. 15, 2021	Jul. 23, 2021	May 05, 2021	Sep. 30, 2021	Sep. 14, 2021	Jul. 22, 2021	Jul. 16, 2021	Jul. 15, 2021	Sep. 30, 2020
Debt Instrument [Line Items]
Weighted average interest rates				7.65%					8.15%
2018-1 Securitization Facility
Debt Instrument [Line Items]
Advance rate	90.00%				80.00%
Debt instrument, revolving expiration date	Sep. 15, 2024
Debt instrument, maturity date	Sep. 15, 2026
2018-2 Securitization Facility
Debt Instrument [Line Items]
Advance rate		90.00%				80.00%
Debt instrument, maturity date		Jul. 23, 2023
Extended maturity term		2 years
RAOD Facility
Debt Instrument [Line Items]
Advance rate							90.00%	76.00%
Commitment amount							$ 178,000,000	$ 100,000,000
OnDeck Asset Securitization Trust III
Debt Instrument [Line Items]
Debt instrument, face amount			$ 300,000,000
Series 2021-1 Notes
Debt Instrument [Line Items]
Weighted average interest rates			2.07%
Debt instrument, face amount			$ 316,000,000
Credit agreement, maturity date			May 31, 2027

Long-term Debt - Summary of Cre

Long-term Debt - Summary of Credit Agreement (Detail) $ in Thousands	May 10, 2021USD ($)
Original Credit Agreement
Debt Instrument [Line Items]
Commitment amount	$ 125,000
Maturity date	2022-06
Advance rate	65.00%
Original Credit Agreement | Prime Rate
Debt Instrument [Line Items]
Interest rate	1.00%
Amended Credit Agreement
Debt Instrument [Line Items]
Commitment amount	$ 310,000
Maturity date	2025-06
Advance rate	75.00%
Amended Credit Agreement | Prime Rate
Debt Instrument [Line Items]
Interest rate	0.75%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Income Tax Contingency [Line Items]
Effective tax rate		24.50%	17.30%
Discrete benefit recognized as a component of effective tax rate	$ 11.6
Unrecognized tax benefits	$ 31.5	$ 35.3	$ 31.5	$ 39
Unrecognized tax benefits that would affect the effective tax rate		$ 11.7
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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Net income from continuing operations	$ 51,548	$ 93,676	$ 207,645	$ 147,450
Net loss from discontinued operations		(9)		(297)
Net income attributable to Enova International, Inc.	$ 51,548	$ 93,667	$ 207,645	$ 147,153
Denominator:
Total weighted average basic shares	36,744	30,108	36,554	30,880
Shares applicable to stock-based compensation	1,240	255	1,320	300
Total weighted average diluted shares	37,984	30,363	37,874	31,180
Earnings per common share – basic:
Continuing operations	$ 1.40	$ 3.11	$ 5.68	$ 4.78
Discontinued operations				(0.01)
Earnings (loss) per common share – basic	1.40	3.11	5.68	4.77
Earnings per common share – diluted:
Continuing operations	1.36	3.09	5.48	4.73
Discontinued operations				(0.01)
Earnings (loss) per common share – diluted	$ 1.36	$ 3.09	$ 5.48	$ 4.72

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options not included in computation of diluted earnings per share	76,307	2,014,449	39,399	2,064,966
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	57,398	970,273	57,349	835,192

Operating Segment Information -

Operating Segment Information - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)Segment	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)
Segment Reporting [Abstract]
Number of reportable segment	1
Number of operating segment	1
Property and equipment, net | $	$ 81,149	$ 79,417	$ 63,403

Operating Segment Information_2

Operating Segment Information - Summary of Company's Revenue by Geographical Region (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue [Abstract]
Revenue	$ 320,160	$ 204,545	$ 844,324	$ 819,858
United States
Revenue [Abstract]
Revenue	313,502	203,122	826,923	811,321
Other International Countries
Revenue [Abstract]
Revenue	$ 6,658	$ 1,423	$ 17,401	$ 8,537

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
OnDeck Canada
Related Party Transaction [Line Items]
Due from affiliate balance	$ 1.2	$ 1.2
Linear
Related Party Transaction [Line Items]
Due from affiliate balance	$ 0.7

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
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
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities fair value recurring	0	0	$ 0	0	$ 0
Fair Value Measurements Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities fair value recurring	0	0	0	0	0
Assets 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		Sep. 30, 2021		Dec. 31, 2020		Sep. 30, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Consumer loans and finance receivables	[1],[2]	$ 723,553		$ 625,219		$ 617,921
Small business loans and finance receivables	[1]	911,729	[2]	616,287	[2]	75,449
Non-qualified savings plan assets	[3]	5,192		3,972		3,544
Investment in trading security	[4]	17,937		19,273		16,657
Total		1,658,411		1,264,751		713,571
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Non-qualified savings plan assets	[3]	5,192		3,972		3,544
Investment in trading security	[4]	17,937		19,273		16,657
Total		23,129		23,245		20,201
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Consumer loans and finance receivables	[1],[2]	723,553		625,219		617,921
Small business loans and finance receivables	[1]	911,729	[2]	616,287	[2]	75,449
Total		$ 1,635,282		$ 1,241,506		$ 693,370
[1]	Consumer and small business loans and finance receivables are included in “Loans and finance receivables at fair value” in the consolidated balance sheets.
[2]	Consumer loans and finance receivables include $189.3 million, $339.4 million and $277.6 million in assets of consolidated VIEs as of September 30, 2021 and 2020 and December 31, 2020, respectively. Small business loans and finance receivables include $384.0 million and $251.3 million in assets of consolidated VIEs as of September 30, 2021 and December 31, 2020, respectively.
[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) - Variable Interest Entity, Primary Beneficiary - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Consumer loans and finance receivables	$ 189.3	$ 277.6	$ 339.4
Small business loans and finance receivables	$ 384	$ 251.3

Fair Value Measurements - Fin_2

Fair Value Measurements - Financial Assets and Liabilities Not Measured at Fair Value (Detail) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Carrying Value
Financial assets:
Cash and cash equivalents		$ 229,088	$ 297,273	$ 490,033
Restricted cash	[1]	59,053	71,927	45,017
Investment in unconsolidated investee	[2]	6,918	6,918	6,918
Total		295,059	376,118	541,968
Financial liabilities:
Securitization notes		458,958	330,632	248,598
Total		1,083,958	955,632	873,598
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		229,088	297,273	490,033
Restricted cash	[1]	59,053	71,927	45,017
Total		288,141	369,200	535,050
Level 2 | Estimated Fair Value
Financial liabilities:
Securitization notes		463,030	333,532	250,510
Total		1,104,641	948,982	840,033
Level 2 | Estimated Fair Value | 8.50% Senior Notes Due 2024
Financial liabilities:
Senior notes		254,495	247,680	234,383
Level 2 | Estimated Fair Value | 8.50% Senior Notes Due 2025
Financial liabilities:
Senior notes		387,116	367,770	355,140
Level 3 | Estimated Fair Value
Financial assets:
Investment in unconsolidated investee	[2]	6,918	6,918	6,918
Total		$ 6,918	$ 6,918	$ 6,918
[1]	Restricted cash includes $47.2 million, $42.7 million and $64.8 million in assets of consolidated VIEs as of September 30, 2021 and 2020 and December 31, 2020, respectively.
[2]	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	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Variable Interest Entity, Primary Beneficiary
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Restricted cash	$ 47.2	$ 42.7	$ 64.8
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%
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%
Debt instrument, maturity period	2025	2025	2025