Elevate Credit (ELVT) 10-Q 9 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 07, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	Elevate Credit, Inc.
Entity Central Index Key	1,651,094
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		43,197,206
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Sep. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	[1]	$ 54,794	$ 41,142
Restricted cash		1,593	1,595
Loans receivable, net of allowance for loan losses of $89,422 and $87,946, respectively	[1]	542,976	524,619
Prepaid expenses and other assets	[1]	13,217	10,306
Receivable from CSO lenders		17,846	22,811
Receivable from payment processors	[1]	28,519	21,126
Deferred tax assets, net		21,499	23,545
Property and equipment, net		36,738	24,249
Goodwill		16,027	16,027
Intangible assets, net		1,856	2,123
Derivative assets at fair value (cost basis of $436 and $0, respectively)	[1]	1,238	0
Total assets		736,303	687,543
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities ($45 and $95 payable to Think Finance at September 30, 2018 and December 31, 2017, respectively)	[1]	44,955	42,213
State and other taxes payable		696	884
Deferred revenue	[1]	30,639	33,023
Notes payable, net	[1]	548,960	513,295
Derivative liability		0	1,972
Total liabilities		625,250	591,387
COMMITMENTS, CONTINGENCIES AND GUARANTEES (Note 10)
STOCKHOLDERS’ EQUITY
Preferred stock; $0.0004 par value; 24,500,000 authorized shares; None issued and outstanding at September 30, 2018 and December 31, 2017.		0	0
Common stock; $0.0004 par value; 300,000,000 authorized shares; 43,191,526 and 42,165,524 issued and outstanding, respectively		17	17
Additional paid-in capital		180,610	174,090
Accumulated deficit		(70,657)	(79,954)
Accumulated other comprehensive income, net of tax benefit of $1,257 and $2,273, respectively	[1]	1,083	2,003
Total stockholders’ equity		111,053	96,156
Total liabilities and stockholders’ equity		$ 736,303	$ 687,543
[1]	These balances include certain assets and liabilities of a variable interest entity (“VIE”) that can only be used to settle the liabilities of that VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIE. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entity.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Loans receivable, allowance	$ 89,422	$ 87,946
Derivative assets, cost basis	436	0
Payable to Think Finance	$ 119	$ 65
Preferred stock, par value (in usd per share)	$ 0.0004	$ 0.0004
Preferred stock, shares authorized	24,500,000	24,500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in usd per share)	$ 0.0004	$ 0.0004
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	43,191,526	42,165,524
Common stock, shares outstanding	43,191,526	42,165,524
AOCI tax benefit	$ 1,257	$ 2,273
Think Finance | Affiliated Entity
Payable to Think Finance	$ 45	$ 95

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues	$ 201,480	$ 172,851	$ 579,394	$ 479,689
Cost of sales:
Provision for loan losses	113,896	96,203	294,636	251,293
Other cost of sales	7,997	5,834	20,892	14,367
Total cost of sales	143,173	122,279	379,683	315,982
Gross profit	58,307	50,572	199,711	163,707
Operating expenses:
Compensation and benefits	24,380	19,502	70,187	60,854
Professional services	9,789	8,618	26,475	25,045
Selling and marketing	2,170	2,042	7,525	6,662
Occupancy and equipment	4,553	3,227	13,302	10,003
Depreciation and amortization	3,490	2,656	9,167	7,657
Other	1,233	1,085	4,018	3,095
Total operating expenses	45,615	37,130	130,674	113,316
Operating income	12,692	13,442	69,037	50,391
Other income (expense):
Net interest expense	(19,810)	(17,261)	(58,286)	(54,602)
Foreign currency transaction (loss) gain	(325)	536	(800)	2,820
Non-operating gain (loss)	0	(106)	(38)	2,407
Total other expense	(20,135)	(16,831)	(59,124)	(49,375)
Income (loss) before taxes	(7,443)	(3,389)	9,913	1,016
Income tax expense (benefit)	(3,209)	(3,979)	1,536	(4,262)
Net income (loss)	$ (4,234)	$ 590	$ 8,377	$ 5,278
Basic earnings per share (in usd per share)	$ (0.10)	$ 0.01	$ 0.20	$ 0.17
Diluted earnings per share (in usd per share)	$ (0.10)	$ 0.01	$ 0.19	$ 0.16
Basic weighted average shares outstanding	43,182,208	41,717,231	42,653,947	31,211,084
Diluted weighted average shares outstanding	43,182,208	43,158,515	44,354,376	32,660,537
Direct marketing costs
Cost of sales:
Direct marketing costs	$ 21,280	$ 20,242	$ 64,155	$ 50,322

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (4,234)	$ 590	$ 8,377	$ 5,278
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment, net of tax of $0 for all periods	(305)	676	(707)	770
Reclassification of certain deferred tax effects	0	0	(920)	0
Change in derivative valuation, net of tax of $67 and $0 for the three months ended 2018 and 2017, respectively, and $96 and $0 for the nine months ended 2018 and 2017, respectively	(384)	0	707	0
Total other comprehensive income (loss), net of tax	(689)	676	(920)	770
Total comprehensive income (loss)	$ (4,923)	$ 1,266	$ 7,457	$ 6,048

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ 0	$ 0	$ 0
Change in derivative valuation, tax	$ 67	$ 0	$ 96	$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Preferred Stock	Preferred StockSeries A Convertible Preferred	Preferred StockSeries B Convertible Preferred	Common Stock	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive income
Comprehensive income (loss)
Cumulative effect of change in accounting	$ 3,347						$ 3,347
Balance at (in shares) at Dec. 31, 2016		0	2,957,059	2,682,351	13,001,216
Balance at at Dec. 31, 2016	13,567	$ 0	$ 3	$ 3	$ 5	$ 88,854	(76,385)	$ 1,087
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	4,436					4,436
Exercise of stock options (in shares)					358,738
Exercise of stock options	104					104
Tax benefit of equity issuance costs	(1,843)					(1,843)
Issuance of common stock net of deferred costs (in shares)					14,285,000
Issuance of common stock net of deferred costs	80,194				$ 6	80,188
Conversion of preferred shares (in shares)			(2,957,059)	(2,682,351)	(5,639,410)
Conversion of preferred shares			$ (3)	$ (3)	$ 6
2.5-for-1 common stock split net of deferred costs (in shares)					8,459,109
Comprehensive income (loss)
Foreign currency translation adjustment net of tax expense of $0	770							770
Reclassification of certain deferred tax effects	0
Net income (loss)	5,278						5,278
Balance at (in shares) at Sep. 30, 2017		0	0	0	41,743,473
Balance at at Sep. 30, 2017	105,853	$ 0	$ 0	$ 0	$ 17	171,739	(67,760)	1,857
Balance at (in shares) at Dec. 31, 2017		0	0	0	42,165,524
Balance at at Dec. 31, 2017	96,156	$ 0	$ 0	$ 0	$ 17	174,090	(79,954)	2,003
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	6,005					6,005
Exercise of stock options (in shares)					271,891
Exercise of stock options	997					997
Vesting of restricted stock units (in shares)					692,115
Vesting of restricted stock units	(216)					(216)
ESPP shares granted (in shares)					61,996
ESPP shares issued	408					408
Tax benefit of equity issuance costs	(674)					(674)
Comprehensive income (loss)
Foreign currency translation adjustment net of tax expense of $0	(707)							(707)
Change in derivative valuation net of tax expense of $96	707							707
Reclassification of certain deferred tax effects	(920)						920	(920)
Net income (loss)	8,377						8,377
Balance at (in shares) at Sep. 30, 2018		0	0	0	43,191,526
Balance at at Sep. 30, 2018	$ 111,053	$ 0	$ 0	$ 0	$ 17	$ 180,610	$ (70,657)	$ 1,083

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Stockholders' Equity [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ 0	$ 0	$ 0
Change in derivative valuation, tax	$ 67	$ 0	$ 96	$ 0

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018		Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 8,377		$ 5,278
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,167		7,657
Provision for loan losses	294,636		251,293
Share-based compensation	6,005		4,436
Amortization of debt issuance costs	280		410
Amortization of loan premium	4,583		3,933
Amortization of convertible note discount	138		3,241
Amortization of derivative assets	931		0
Deferred income tax expense, net	1,276		(4,848)
Unrealized gain from foreign currency transactions	800		(2,820)
Non-operating (gain) loss	38		(2,407)
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(2,473)		(1,941)
Receivables from payment processors	(7,688)		(3,584)
Receivables from CSO lenders	5,176		(3,881)
Interest receivable	(72,818)		(60,870)
State and other taxes payable	(162)		(50)
Deferred revenue	5,332		8,370
Accounts payable and accrued liabilities	3,552		5,411
Net cash provided by operating activities	257,150		209,628
CASH FLOWS FROM INVESTING ACTIVITIES:
Loans receivable originated or participations purchased	(1,000,059)		(837,047)
Principal collections and recoveries on loans receivable	749,145		576,007
Participation premium paid	(4,740)		(4,227)
Purchases of property and equipment	(21,437)		(12,503)
Net cash used in investing activities	(277,091)		(277,770)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable	35,932		67,500
Payments of notes payable	0		(84,950)
Cash paid for interest rate caps	(1,367)		0
Settlement of derivative liability	(2,010)		0
Payment of capital lease obligations	0		(21)
Debt issuance costs paid	(25)		(865)
Equity issuance costs paid	0		(1,731)
ESPP shares issued	408		0
Proceeds from issuance of common stock	0		86,699
Proceeds from stock option exercises	997		933
Taxes paid related to net share settlement of equity awards	(216)		(422)
Net cash provided by financing activities	33,719		67,143
Effect of exchange rates on cash	(128)		753
Net increase in cash, cash equivalents and restricted cash	13,650		(246)
Cash and cash equivalents, beginning of period	41,142	[1]	53,574
Restricted cash, beginning of period	1,595		1,785
Cash, cash equivalents and restricted cash, beginning of period	42,737		55,359
Cash and cash equivalents, end of period	54,794	[1]	53,473
Restricted cash, end of period	1,593		1,640
Cash, cash equivalents and restricted cash, end of period	56,387		55,113
Supplemental cash flow information:
Interest paid	56,818		51,340
Taxes paid	342		563
Non-cash activities:
CSO fees charged-off included in Deferred revenues and Loans receivable	7,716		8,027
Derivative debt discount on convertible term notes	0		2,517
Prepaid expenses accrued but not yet paid	582		937
Property and equipment accrued but not yet paid	209		0
Impact on deferred tax assets of adoption of ASU 2016-09	0		3,347
Impact on OCI and retained earnings of adoption of ASU 2018-02	920		0
Changes in fair value of interest rate caps	803		0
Deferred IPO costs included in Additional paid-in capital	0		6,708
Tax benefit of equity issuance costs included in Additional paid-in capital	$ 674		$ 1,843
[1]	These balances include certain assets and liabilities of a variable interest entity (“VIE”) that can only be used to settle the liabilities of that VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIE. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entity.

Basis of Presentation and Accou

Basis of Presentation and Accounting Changes	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Accounting Changes	BASIS OF PRESENTATION AND ACCOUNTING CHANGES Business Operations Elevate Credit, Inc. (the “Company”) is a Delaware corporation. The Company provides technology-driven, progressive online credit solutions to non-prime consumers. The Company uses advanced technology and proprietary risk analytics to provide more convenient and more responsible financial options to its customers, who are not well-served by either banks or legacy non-prime lenders. The Company currently offers unsecured online installment loans and lines of credit in the United States (the “US”) and the United Kingdom (the “UK”). The Company’s products, Rise, Elastic and Sunny, reflect its mission of “Good Today, Better Tomorrow” and provide customers with access to competitively priced credit and services while helping them build a brighter financial future with credit building and financial wellness features. In the UK, the Company directly offers unsecured installment loans via the internet through its wholly owned subsidiary, Elevate Credit International (UK), Limited, (“ECI”) under the brand name of Sunny. Basis of Presentation The accompanying unaudited condensed consolidated financial statements as of September 30, 2018 and for the three and nine month periods ended September 30, 2018 and 2017 include the accounts of the Company, its wholly owned subsidiaries and a variable interest entity ("VIE") where the Company is the primary beneficiary. See Note 4—Variable Interest Entities for more information. All significant intercompany transactions and accounts have been eliminated. The unaudited condensed consolidated financial information included in this report has been prepared in accordance with accounting principles generally accepted in the US (“US GAAP”) for interim financial information and Article 10 of Regulation S-X and conform, as applicable, to general practices within the finance company industry. The principles for interim financial information do not require the inclusion of all the information and footnotes required by US GAAP for complete financial statements. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2017 in the Company's Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission ("SEC") on March 9, 2018. In the opinion of the Company’s management, the unaudited condensed consolidated financial statements include all adjustments, all of which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods. Our business is seasonal in nature so the results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for the full year. Initial Public Offering and Share-Based Compensation On April 11, 2017, the Company completed its initial public offering (“IPO”) in which it issued and sold 12,400,000 shares of common stock at a price of $6.50 per share to the public. In connection with the closing, the underwriters exercised their option to purchase in full for an additional 1,860,000 shares. On April 6, 2017 , the Company's stock began trading on the New York Stock Exchange ("NYSE") under the symbol “ELVT.” The aggregate net proceeds received by the Company from the IPO, net of underwriting discounts and commissions and estimated offering expenses, were approximately $80.2 million . Immediately prior to the closing of the IPO, all then outstanding shares of the Company's convertible preferred stock were converted into 5,639,410 shares of common stock (or 14,098,519 shares of common stock after the 2.5 to 1 stock split described below). The related carrying value of shares of preferred stock, in the aggregate amount of approximately $6 thousand , was reclassified as common stock. Additionally, the Company amended and restated its certificate of incorporation, effective April 11, 2017 to, among other things, change the authorized number of shares of common stock to 300,000,000 and the authorized number of shares of preferred stock to 24,500,000 , each with a par value of $0.0004 per share. Stock options granted to certain employees vest upon the satisfaction of the earlier of either a service condition or a liquidity condition. The service condition for these awards is generally satisfied over four years . The liquidity condition is satisfied upon the occurrence of a qualifying event, defined as the completion of the IPO, which occurred on April 11, 2017. The satisfaction of this vesting condition accelerated the expense attribution period for those stock options, and the Company recognized a cumulative share-based compensation expense for the portion of those stock options that met the liquidity condition. Stock Split On December 11, 2015, the Board of Directors approved the ratio to effect a 2.5 -for-1 forward stock split of the Company's common stock. The stock split became effective in connection with the completion of the Company’s IPO. The Company's IPO and resulting stock split had the following effect on the Company's equity as of September 30, 2018 : • Convertible Preferred Stock: In April 2017, as a result of the IPO, all then outstanding shares of the Company's convertible preferred stock ( 5,639,410 ) were converted on a one-to-one basis without additional consideration into an aggregate of 5,639,410 shares of common stock and, thereafter, into 14,098,519 shares of common stock after the application of the 2.5 -for-1 forward stock split. • Common Stock: The IPO and resulting stock split caused an adjustment to the par value for the common stock, from $0.001 per share to $0.0004 per share, and caused a two-and-a-half times increase in the number of authorized and outstanding shares of common stock. The number of shares of common stock and per share common stock data in the accompanying unaudited condensed consolidated financial statements and related notes have been retroactively adjusted to reflect a 2.5 -for-1 forward stock split for all periods presented. • Share-Based Compensation: The IPO and resulting stock split decreased the exercise price for stock options by two-and-a-half times per share and reflected a two-and-a-half times increase in the number of stock options and restricted stock units ("RSUs") outstanding. The number of stock options and RSUs and per share common stock data in the accompanying unaudited condensed consolidated financial statements and related notes have been adjusted to reflect a 2.5 -for-1 forward stock split for all periods presented. Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include the valuation of the allowance for loan losses, goodwill, long-lived and intangible assets, deferred revenues, contingencies, the fair value of derivatives, the income tax provision, valuation of share-based compensation and the valuation allowance against deferred tax assets. The Company bases its estimates on historical experience, current data and assumptions that are believed to be reasonable. Actual results in future periods could differ from those estimates. Property and Equipment, net Property and equipment are stated at cost, net of accumulated depreciation and amortization. The following table summarizes the components of net property and equipment. (Dollars in thousands) September 30, 2018 December 31, 2017 Property and equipment, gross $ 89,886 $ 69,927 Accumulated depreciation and amortization (53,148 ) (45,678 ) Property and equipment, net $ 36,738 $ 24,249 Equity Issuance Costs Costs incurred related to the Company's IPO were deferred and included in Prepaid expenses and other assets in the unaudited condensed consolidated financial statements and were charged against the gross proceeds of the IPO (i.e., charged against Additional paid-in capital in the accompanying unaudited condensed consolidated financial statements) as of the closing of the IPO on April 11, 2017 . The balance of these equity issuance costs that were recorded against Additional paid-in capital in the unaudited Condensed Consolidated Balance Sheet at September 30, 2017 was approximately $6.7 million . Interest Rate Caps The Company applies the provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 815, Derivatives and Hedging ("ASC 815"). On January 11, 2018, the Company entered into two interest rate cap transactions with a counterparty to mitigate the floating rate interest risk on a portion of the debt underlying the Rise and Elastic portfolios. See Note 5—Notes Payable for additional information. The interest rate caps are designated as cash flow hedges against expected future cash flows attributable to future interest payments on debt facilities held by each entity. The Company initially reports the gains or losses related to the hedges as a component of Accumulated other comprehensive income in the Condensed Consolidated Balance Sheets in the period incurred and subsequently reclassifies the interest rate caps’ gains or losses to interest expense when the hedged expenses are recorded. The Company excludes the change in the time value of the interest rate caps in its assessment of their hedge effectiveness. The Company presents the cash flows from cash flow hedges in the same category in the Condensed Consolidated Statements of Cash Flows as the category for the cash flows from the hedged items. The interest rate caps do not contain any credit risk related contingent features. The Company’s hedging program is not designed for trading or speculative purposes. For additional information related to derivative instruments, see Note 8—Fair Value Measurements. Recently Adopted Accounting Standards In March 2018, the FASB issued Accounting Standards Update ("ASU") No. 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 ("ASU 2018-05"). The purpose of ASU 2018-05 is to incorporate the guidance pronounced through Staff Accounting Bulletin No. 118 ("SAB 118"). The Company has adopted all of the amendments of ASU 2018-05 on a prospective basis as of January 1, 2018. The adoption of ASU 2018-05 did not have a material impact on the Company's condensed consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ("ASU 2018-02"). The purpose of ASU 2018-02 is to allow an entity to elect to reclassify the stranded tax effects related to the Tax Cuts and Jobs Act from Accumulated other comprehensive income into Retained earnings. The amendments in ASU 2018-02 are effective for all entities for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Early adoption is permitted. The Company adopted all amendments of ASU 2018-02 on a prospective basis as of January 1, 2018 and elected to reclassify the stranded tax effects resulting from the Tax Cuts and Jobs Act from Accumulated other comprehensive income to Accumulated deficit. The amount of the reclassification for the three and nine months ended September 30, 2018 was $0 and $920 thousand , respectively. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815)—Targeted Improvements to Accounting for Hedging Activities ("ASU 2017-12"). The purpose of ASU 2017-12 is to improve the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements. In addition, ASU 2017-12 makes certain targeted improvements to simplify the application of the hedge accounting guidance. This guidance is effective for public companies for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Early adoption is permitted. The Company has adopted all of the amendments of ASU 2017-12 on a prospective basis as of January 1, 2018. Since the Company did not have derivatives accounted for as hedges prior to December 31, 2017, there was no cumulative-effect adjustment needed to Accumulated other comprehensive income and Accumulated deficit. The adoption of ASU 2017-12 did not have a material impact on the Company's condensed consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09"). The purpose of ASU 2017-09 is to provide clarity and reduce both the diversity in practice and the cost and complexity when applying the guidance to a change to the terms or conditions of a share-based payment award. Under this new guidance, an entity should account for the effects of a modification unless all of the following are met: (1) The fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the modified award is the same as the fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation technique that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification. (2) The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified. (3) The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. The Company adopted all amendments of ASU 2017-09 on a prospective basis as of January 1, 2018. The adoption of ASU 2017-09 did not have a material impact on the Company's financial condition, results of operations or cash flows. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash a consensus of the FASB Emerging Issues Task Force ("ASU 2016-18"). The purpose of ASU 2016-18 is to reduce diversity in practice related to the classification and presentation of changes in restricted cash on the statement of cash flows. Under this new guidance, the statement of cash flows during the reporting period must explain the change in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 is effective for public entities for fiscal years beginning after December 15, 2017 and for interim periods within those fiscal years. The Company adopted all amendments of ASU 2016-18 on a retrospective basis as of January 1, 2018. Upon adoption, the Company included any restricted cash balances as part of cash and cash equivalents in its Condensed Consolidated Statements of Cash Flows and did not present the change in restricted cash balances as a separate line item under investing activities. The amount of the reclassification for the nine months ended September 30, 2018 and 2017 was immaterial for both periods. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments ("ASU 2016-15") . ASU 2016-15 is intended to reduce diversity in practice for certain cash receipts and cash payments that are presented and classified in the statement of cash flows. For public entities, ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company adopted all amendments of ASU 2016-15 on a prospective basis as of January 1, 2018. The adoption of ASU 2016-15 did not have a material impact on the Company's condensed consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09 is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date ("ASU 2015-14"), which defers the effective date of this guidance by one year, to the annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. A reporting entity may choose to early adopt the guidance as of the original effective date. In April 2016, the FASB issued ASU 2016-10, Revenues from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing ("ASU 2016-10"), which clarifies the guidance related to identifying performance obligations and licensing implementation. The Company adopted all amendments of ASU 2016-10 using the alternative transition method, which requires the application of the guidance only to contracts that are uncompleted on the date of initial application. As a result of the scope exception for financial contracts, the Company's management determined that there are no material changes to the nature, extent or timing of revenues and expenses; additionally, the adoption of ASU 2014-09 did not have a significant impact to pretax income upon adoption as of September 30, 2018 . Accounting Standards to be Adopted in Future Periods In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract ("ASU 2018-15"). The purpose of ASU 2018-15 is to provide additional guidance on the accounting for costs of implementation activities performed in a cloud computing arrangement that is a service contract. This guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is still assessing the potential impact of ASU 2018-15 on the Company's condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement ("ASU 2018-13"). The purpose of ASU 2018-13 is to modify the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement. This guidance is effective for public companies for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years and requires both a prospective and retrospective approach to adoption based on amendment specifications. Early adoption of any removed or modified disclosures is permitted. Additional disclosures may be delayed until their effective date. The Company does not expect ASU 2018-13 to have a material impact on the Company's condensed consolidated financial statements. In July 2018, the FASB issued ASU No. 2018-09, Codification Improvements ("ASU 2018-09"). The purpose of ASU 2018-09 is to clarify, correct errors in, or make minor improvements to the Codification. Among other revisions, the amendments clarify that an entity should recognize excess tax benefits or tax deficiencies for share compensation expense that is taken on an entity’s tax return in the period in which the amount of the deduction is determined. This portion of the guidance is effective for public companies for fiscal years beginning after December 15, 2018 and requires a modified retrospective approach to adoption. The Company does not expect ASU 2018-09 to have a material impact on the Company's condensed consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). The purpose of ASU 2017-04 is to simplify the subsequent measurement of goodwill. The amendments modify the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. An entity no longer will determine goodwill impairment by calculating the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. This guidance is effective for public companies for goodwill impairment tests in fiscal years beginning after December 15, 2019. The Company is still assessing the potential impact of ASU 2017-04 on the Company's condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). ASU 2016-13 is intended to replace the incurred loss impairment methodology in current US GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates to improve the quality of information available to financial statement users about expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. For public entities, ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is still assessing the potential impact of ASU 2016-13 on the Company's condensed consolidated financial statements. The internal financial controls processes in place for the Company's loan loss reserve process are expected to be impacted. The Company expects to complete its analysis of the impact in 2018. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ("ASU 2016-02"). ASU 2016-02 is intended to improve the reporting of leasing transactions to provide users of financial statements with more decision-useful information. ASU 2016-02 will require organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases (“ASU 2018-10”), which clarifies certain matters in the codification with the intention to correct unintended application of the guidance. Also in July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (“ASU 2018-11”), which provides entities with an additional (and optional) transition method whereby the entity applies the new lease standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Additionally, under the new transition method, an entity’s reporting for the comparative periods presented in the financial statements in which it adopts the new lease standard will continue to be in accordance with current US GAAP (Topic 840, Leases). ASU 2016-02, as amended, is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company expects to adopt the transition method in ASU 2018-11 by applying the practical expedient prospectively and by using the retrospective approach at the beginning of the period of adoption through cumulative-effect adjustment. The Company is still assessing the potential impact of ASU 2016-02 on the Company's condensed consolidated financial statements. The Company is progressing as planned for implementation on January 1, 2019. The Company expects adoption of the standard to result in the recognition of significant additional right of use assets and liabilities for operating leases, but to not have a material impact on the Condensed Consolidated Statements of Operations.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE In April 2017, the Company effected a 2.5 -for-1 forward stock split of its common stock in connection with the completion of the IPO, which has been retroactively applied to previously reported share and earnings per share amounts. Basic earnings per share ("EPS") is computed by dividing net income (loss) by the weighted average number of common shares outstanding ("WASO") during each period. Also, basic EPS includes any fully vested stock and unit awards that have not yet been issued as common stock. There are no unissued fully vested stock and unit awards at September 30, 2018 and 2017 . Diluted EPS is computed by dividing net income (loss) by the WASO during each period plus any unvested stock option awards granted, vested unexercised stock options and unvested RSUs using the treasury stock method but only to the extent that these instruments dilute earnings per share. The computation of earnings (loss) per share was as follows for three and nine months ended September 30, 2018 and 2017 : Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands, except share and per share amounts) 2018 2017 2018 2017 Numerator (basic): Net income (loss) $ (4,234 ) $ 590 $ 8,377 $ 5,278 Numerator (diluted): Net income (loss) $ (4,234 ) $ 590 $ 8,377 $ 5,278 Denominator (basic): Basic weighted average number of shares outstanding 43,182,208 41,717,231 42,653,947 31,211,084 Denominator (diluted): Basic weighted average number of shares outstanding 43,182,208 41,717,231 42,653,947 31,211,084 Effect of potentially dilutive securities: Employee share plans (options, RSUs and ESPP) — 1,441,284 1,700,429 1,449,453 Diluted weighted average number of shares outstanding 43,182,208 43,158,515 44,354,376 32,660,537 Basic and diluted earnings per share: Basic earnings (loss) per share $ (0.10 ) $ 0.01 $ 0.20 $ 0.17 Diluted earnings (loss) per share $ (0.10 ) $ 0.01 $ 0.19 $ 0.16 For the three months ended September 30, 2018 and 2017 , the Company excluded the following potential common shares from its diluted earnings per share calculation because including these shares would be anti-dilutive: • 2,323,839 and 777,275 common shares issuable upon exercise of the Company's stock options; and • 3,360,382 and 27,057 common shares issuable upon vesting of the Company's RSUs. For the nine months ended September 30, 2018 and 2017 , the Company excluded the following potential common shares from its diluted earnings per share calculation because including these shares would be anti-dilutive: • 131,859 and 420,324 common shares issuable upon exercise of the Company's stock options; and • 699,318 and 1,196,858 common shares issuable upon vesting of the Company's RSUs. ASC Topic 260, “Earnings Per Share” (“ASC Topic 260”) requires companies with participating securities to utilize a two-class method for the computation of net income per share attributable to the Company. The two-class method requires a portion of net income attributable to the Company to be allocated to participating securities. Net losses are not allocated to participating securities unless those securities are obligated to participate in losses. The Company did not have any participating securities for the three and nine month periods ended September 30, 2018 and 2017 .

Loans Receivable and Revenue

Loans Receivable and Revenue	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Loans Receivable and Revenue	LOANS RECEIVABLE AND REVENUE Revenues generated from the Company’s consumer loans for the three and nine months ended September 30, 2018 and 2017 were as follows: Three Months Ended September 30, (Dollars in thousands) 2018 2017 Finance charges $ 119,147 $ 104,495 CSO fees 15,593 13,662 Lines of credit fees 65,676 52,261 Other 1,064 2,433 Total revenues $ 201,480 $ 172,851 Nine Months Ended September 30, (Dollars in thousands) 2018 2017 Finance charges $ 348,162 $ 294,436 CSO fees 44,029 42,526 Lines of credit fees 183,877 137,841 Other 3,326 4,886 Total revenues $ 579,394 $ 479,689 The Company's portfolio consists of both installment loans and lines of credit, which are considered the portfolio segments at September 30, 2018 and December 31, 2017 . The following reflects the credit quality of the Company’s loans receivable as of September 30, 2018 and December 31, 2017 as delinquency status has been identified as the primary credit quality indicator. The Company classifies its loans as either current or past due. A customer in good standing may request a 16 day grace period when or before a payment becomes due and, if granted, the loan is considered current during the grace period. Installment loans and lines of credit are considered past due if a grace period has not been requested and a scheduled payment is not paid on its due date. All impaired loans that were not accounted for as a troubled debt restructuring ("TDR") as of September 30, 2018 and December 31, 2017 have been charged off. September 30, 2018 (Dollars in thousands) Rise and Sunny Elastic Total Current loans $ 275,678 $ 270,756 $ 546,434 Past due loans 58,156 25,306 83,462 Total loans receivable 333,834 296,062 629,896 Net unamortized loan premium — 2,502 2,502 Less: Allowance for loan losses (54,888 ) (34,534 ) (89,422 ) Loans receivable, net $ 278,946 $ 264,030 $ 542,976 December 31, 2017 (Dollars in thousands) Rise and Sunny Elastic Total Current loans $ 298,964 $ 237,797 $ 536,761 Past due loans 52,379 21,076 73,455 Total loans receivable 351,343 258,873 610,216 Net unamortized loan premium — 2,349 2,349 Less: Allowance for loan losses (59,076 ) (28,870 ) (87,946 ) Loans receivable, net $ 292,267 $ 232,352 $ 524,619 Total loans receivable includes approximately $36.7 million and $36.6 million of interest receivable at September 30, 2018 and December 31, 2017 , respectively. The carrying value for Loans receivable, net of the allowance for loan losses approximates the fair value due to the short-term nature of the loans receivable. The changes in the allowance for loan losses for the three and nine months ended September 30, 2018 and 2017 are as follows: Three Months Ended September 30, 2018 (Dollars in thousands) Rise and Sunny Elastic Total Balance beginning of period $ 51,137 $ 29,394 $ 80,531 Provision for loan losses 75,653 38,243 113,896 Charge-offs (72,987 ) (35,832 ) (108,819 ) Recoveries of prior charge-offs 5,745 2,729 8,474 Effect of changes in foreign currency rates (150 ) — (150 ) Total 59,398 34,534 93,932 Accrual for CSO lender owned loans (4,510 ) — (4,510 ) Balance end of period $ 54,888 $ 34,534 $ 89,422 Three Months Ended September 30, 2017 (Dollars in thousands) Rise and Sunny Elastic Total Balance beginning of period $ 49,154 $ 20,686 $ 69,840 Provision for loan losses 64,396 31,807 96,203 Charge-offs (61,837 ) (26,727 ) (88,564 ) Recoveries of prior charge-offs 6,296 2,036 8,332 Effect of changes in foreign currency rates 258 — 258 Total 58,267 27,802 86,069 Accrual for CSO lender owned loans (5,097 ) — (5,097 ) Balance end of period $ 53,170 $ 27,802 $ 80,972 Nine Months Ended September 30, 2018 (Dollars in thousands) Rise and Sunny Elastic Total Balance beginning of period $ 64,919 $ 28,870 $ 93,789 Provision for loan losses 197,694 96,942 294,636 Charge-offs (220,181 ) (98,877 ) (319,058 ) Recoveries of prior charge-offs 17,316 7,599 24,915 Effect of changes in foreign currency rates (350 ) — (350 ) Total 59,398 34,534 93,932 Accrual for CSO lender owned loans (4,510 ) — (4,510 ) Balance end of period $ 54,888 $ 34,534 $ 89,422 Nine Months Ended September 30, 2017 (Dollars in thousands) Rise and Sunny Elastic Total Balance beginning of period $ 62,987 $ 19,389 $ 82,376 Provision for loan losses 174,250 77,043 251,293 Charge-offs (197,519 ) (74,022 ) (271,541 ) Recoveries of prior charge-offs 17,757 5,392 23,149 Effect of changes in foreign currency rates 792 — 792 Total 58,267 27,802 86,069 Accrual for CSO lender owned loans (5,097 ) — (5,097 ) Balance end of period $ 53,170 $ 27,802 $ 80,972 As of September 30, 2018 and December 31, 2017 , respectively, estimated losses of approximately $4.5 million and $5.8 million for the CSO owned loans receivable guaranteed by the Company of approximately $41.4 million and $45.5 million , respectively, are initially recorded at fair value and are included in Accounts payable and accrued liabilities in the Condensed Consolidated Balance Sheets. Troubled Debt Restructurings In certain circumstances, the Company modifies the terms of its finance receivables for borrowers experiencing financial difficulties. Modifications may include principal and interest forgiveness. A modification of finance receivable terms is considered a TDR if the Company grants a concession to a borrower for economic or legal reasons related to the borrower’s financial difficulties that would not otherwise have been considered. Management considers TDRs to include all installment and line of credit loans that were granted principal and interest forgiveness as a part of a loss mitigation strategy for Rise and Elastic that began in October 2017. Once a loan has been classified as a TDR, it is assessed for impairment based on the present value of expected future cash flows discounted at the loan's original effective interest rate considering all available evidence. There were no loans that were modified as TDRs prior to October 2017. The following table summarizes the financial effects, excluding impacts related to credit loss allowance and impairment, of TDRs for the three and nine months ended September 30, 2018 : Three Months Ended (Dollars in thousands) Installment loans and lines of credit Outstanding recorded investment before TDR $ 1,752 Outstanding recorded investment after TDR 1,437 Total principal and interest forgiveness included in charge-offs within the Allowance for loan losses $ 315 Nine Months Ended (Dollars in thousands) Installment loans and lines of credit Outstanding recorded investment before TDR $ 6,850 Outstanding recorded investment after TDR 5,229 Total principal and interest forgiveness included in charge-offs within the Allowance for loan losses $ 1,621 A loan that has been classified as a TDR remains classified as a TDR until it is liquidated through payoff or charge-off. The table below presents the Company's average outstanding recorded investment and interest income recognized on TDR loans for the three and nine months ended September 30, 2018 : Three Months Ended (Dollars in thousands) Installment loans and lines of credit Average outstanding recorded investment(1) $ 2,813 Interest income recognized $ 640 1. Simple average based on the number of days between the modification date and the earlier of the liquidation date or September 30, 2018. Nine Months Ended (Dollars in thousands) Installment loans and lines of credit Average outstanding recorded investment(1) $ 3,930 Interest income recognized $ 3,454 1. Simple average based on the number of days between the modification date and the earlier of the liquidation date or September 30, 2018. The table below presents the Company's loans modified as TDRs as of September 30, 2018 and December 31, 2017: Installment loans and lines of credit (Dollars in thousands) September 30, 2018 December 31, 2017 Current outstanding investment $ 960 $ 2,661 Delinquent outstanding investment 1,795 2,445 Outstanding recorded investment 2,755 5,106 Less: Impairment (538 ) (459 ) Outstanding recorded investment, net of impairment $ 2,217 $ 4,647 A TDR is considered to have defaulted upon charge-off when it is over 60 days past due or earlier if deemed uncollectible. There were approximately $1.3 million and $8.4 million loan restructurings accounted for as TDRs that subsequently defaulted for the three and nine months ended September 30, 2018 , respectively. The Company had commitments to lend additional funds of approximately $0.1 million to customers with available and unfunded lines of credit as of September 30, 2018 .

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	VARIABLE INTEREST ENTITIES The Company is involved with four entities that are deemed to be a VIE: Elastic SPV, Ltd. and three Credit Services Organization ("CSO") lenders. Under ASC 810-10-15, Variable Interest Entities , a VIE is an entity that: (1) has an insufficient amount of equity investment at risk to permit the entity to finance its activities without additional subordinated financial support by other parties; (2) the equity investors are unable to make significant decisions about the entity’s activities through voting rights or similar rights; or (3) the equity investors do not have the obligation to absorb expected losses or the right to receive residual returns of the entity. The Company is required to consolidate a VIE if it is determined to be the primary beneficiary, that is, the enterprise has both (1) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (2) the obligation to absorb losses of the entity that could potentially be significant to the VIE. The Company evaluates its relationships with VIEs to determine whether it is the primary beneficiary of a VIE at the time it becomes involved with the entity and it re-evaluates that conclusion each reporting period. Elastic SPV, Ltd. On July 1, 2015, the Company entered into several agreements with a third-party lender and Elastic SPV, Ltd. (“ESPV”), an entity formed by third party investors for the purpose of purchasing loan participations from the third-party lender. Per the terms of the agreements, the Company provides customer acquisition services to generate loan applications submitted to the third-party lender. In addition, the Company licenses loan underwriting software and provides services to the third party lender to evaluate the credit quality of those loan applications in accordance with the third-party lender’s credit policies. ESPV accounts for the loan participations acquired in accordance with ASC 860-10-40, Transfers and Services, Derecognition , as the lines of credit acquired meet the criteria of a participation interest. Once the third-party lender originates the loan, ESPV has the right, but not the obligation, to purchase a 90% interest in each Elastic line of credit. Victory Park Management, LLC (“VPC”) entered into an agreement (the "ESPV Facility") under which it loans ESPV all funds necessary up to a maximum borrowing amount to purchase such participation interests in exchange for a fixed return (see Note 5—Notes Payable—ESPV Facility). The Company entered into a separate credit default protection agreement with ESPV whereby the Company agreed to provide credit protection to the investors in ESPV against Elastic loan losses in return for a credit premium. The Company does not hold a direct ownership interest in ESPV, however, as a result of the credit default protection agreement, ESPV was determined to be a VIE and the Company qualifies as the primary beneficiary. The following table summarizes the assets and liabilities of the VIE that are included within the Company’s Condensed Consolidated Balance Sheets at September 30, 2018 and December 31, 2017 : (Dollars in thousands) September 30, December 31, ASSETS Cash and cash equivalents $ 14,377 $ 14,928 Loans receivable, net of allowance for loan losses of $34,534 and $28,869, respectively 264,030 232,353 Prepaid expenses and other assets ($64 and $50, respectively, eliminates upon consolidation) 168 50 Derivative asset at fair value (cost basis of $206 and $0, respectively) 587 — Receivable from payment processors 12,620 9,889 Total assets $ 291,782 $ 257,220 LIABILITIES AND SHAREHOLDER’S EQUITY Accounts payable and accrued liabilities ($5,305 and $7,606, respectively, eliminates upon consolidation) $ 15,713 $ 13,922 Deferred revenue 5,572 4,363 Reserve deposit liability ($35,250 and $31,200, respectively, eliminates upon consolidation) 35,250 31,200 Notes payable, net 234,867 207,735 Accumulated other comprehensive income 380 — Total liabilities and shareholder’s equity $ 291,782 $ 257,220 CSO Lenders The three CSO lenders are considered VIE's of the Company; however, the Company does not have any ownership interest in the CSO lenders, does not exercise control over them, and is not the primary beneficiary, and therefore, does not consolidate the CSO lenders’ results with its results.

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Notes Payable	NOTES PAYABLE The Company has two debt facilities with VPC. The Rise SPV, LLC ("RSPV," a subsidiary of the Company) credit facility (the "VPC Facility") and the ESPV Facility. VPC Facility The VPC Facility provides the following term notes: • A maximum borrowing amount of $350 million at a base rate (defined as the 3-month LIBOR, with a 1% floor) plus 11% used to fund the Rise loan portfolio (“US Term Note”). The blended interest rate on the outstanding balance at September 30, 2018 and December 31, 2017 was 12.75% and 12.64% , respectively. The Company entered into an interest rate cap on January 11, 2018 to mitigate the floating rate interest risk on the aggregate $240 million outstanding as of September 30, 2018 . See Note 8—Fair Value Measurements. • A maximum borrowing amount of $48 million at a base rate (defined as the 3-month LIBOR) plus 14% used to fund the UK Sunny loan portfolio (“UK Term Note”) as of September 30, 2018 . As of December 31, 2017 , the maximum borrowing amount was $48 million bearing interest at a base rate (defined as the 3-month LIBOR) plus 16% . The blended interest rate at September 30, 2018 and December 31, 2017 was 16.32% and 17.64% , respectively. • A maximum borrowing amount of $35 million at a base rate (defined as the 3-month LIBOR, with a 1% floor) plus 13% (“4 th Tranche Term Note”) as of September 30, 2018 . As of December 31, 2017 , the maximum borrowing amount was $25 million bearing interest at the greater of 18% or a base rate (defined as the 3-month LIBOR, with a 1% floor) plus 17% . The blended interest rate at September 30, 2018 and December 31, 2017 was 15.32% and 18.64% , respectively. • A maximum borrowing amount of $0 and $10 million as of September 30, 2018 and December 31, 2017 , respectively. As of December 31, 2017 , the interest rate was the greater of 10% or a base rate (defined as the 3-month LIBOR, with a 1% floor) plus 9% (“Convertible Term Notes”). The blended interest rate at December 31, 2017 was 10.64% . • As of January 30, 2018, the balance of the Convertible Term Notes was converted into the 4 th Tranche Term Notes. In August 2018, the maturity date of $75 million outstanding under the US Term Note, which previously had a maturity date of August 13, 2018, was automatically extended to February 1, 2021 per the terms of the agreement. As a result of this extension, all amounts outstanding under the US Term Note, the UK Term Note and the 4th Tranche Term Note have a maturity date of February 1, 2021. The Convertible Term Note had a maturity date of January 30, 2018 but became a part of the 4 th Tranche Term Note on that date. There are no principal payments due or scheduled until the maturity date. All assets of the Company are pledged as collateral to secure the VPC Facility. The VPC Facility contains certain financial covenants that require, among other things, maintenance of minimum amounts and ratios of working capital; minimum amounts of tangible net worth; maximum ratio of indebtedness; and maximum ratios of charge-offs. The Company was in compliance with all covenants related to the VPC Facility as of September 30, 2018 and December 31, 2017 . 2017 Convertible Term Notes The Convertible Term Notes were convertible, at the lender's option, into common stock upon the completion of specific defined liquidity events including certain equity financings, certain mergers and acquisitions or the sale of substantially all of the Company's assets, or during the period from the receipt of notice of the anticipated commencement of a roadshow in connection with the Company's IPO until immediately prior to the effectiveness of the Registration Statement in connection with such IPO. The Convertible Term Notes were convertible into common stock at the market value (or a set discount to market value) of the shares on the date of conversion and since the Convertible Term Notes included a conversion option that continuously reset as the underlying stock price increased or decreased and provided a fixed value of common stock to the lender, it was considered share-settled debt. The Company did not elect and was not required to measure the Convertible Term Notes at fair value; as such, the Company measured the Convertible Term Notes at the accreted value, determined using the effective interest method. The conversion rights were not exercised, and the Convertible Term Notes became a part of the 4 th Tranche Term Note on January 30, 2018. The Convertible Term Notes contained embedded features that were required to be assessed as derivatives. The Company determined that two of the features it assessed were required to be bifurcated and accounted for under derivative accounting as follows: (i) An embedded redemption feature upon conversion into common shares of the Company's stock ("Share-Settlement Feature") that includes a provision for the adjustment to the conversion price to a price less than the transaction-date fair value price per share if the Company is a party to certain qualifying liquidity or equity financing transactions. The incremental undiscounted present value of the embedded redemption feature is $6.25 million . (ii) An embedded redemption feature that requires the Company to pay an amount up to $5 million ("Redemption Premium Feature") upon a cash redemption at maturity or upon a redemption caused by certain events of default. These two embedded features have been accounted for together as a single compound derivative. The Company estimated the fair value of the compound derivative using a probability-weighted valuation scenario model. The assumptions included in the calculations are highly subjective and subject to interpretation. The fair value of the single compound derivative was recognized as principal draw-downs were made and in proportion to the amount of principal draw-downs to the maximum borrowing amount. The initial fair value of the single compound derivative is recognized and presented as a debt discount and a derivative liability. The debt discount is amortized using the effective interest method from the principal draw-down date(s) through the maturity date. The derivative liability is accounted for in the same manner as a freestanding derivative pursuant to ASC 815, with subsequent changes in fair value recorded in earnings each period. During the period from the receipt of notice from the Company to VPC of the anticipated commencement of the roadshow in connection with its IPO until immediately prior to the effectiveness of the Registration Statement, VPC had the option to convert the Convertible Term Notes, in whole or in part, into that number of shares of the Company's common stock determined by the outstanding principal balance of and accrued, but unpaid, interest on the Convertible Term Notes divided by the product of (a) 0.8 multiplied by (b) the IPO price per share. VPC did not elect to exercise its right to convert; however, VPC purchased 2.3 million shares in the offering at the IPO price, and the Company used the proceeds from that purchase, approximately $14.9 million , to reduce an equivalent amount of indebtedness under the Convertible Term Notes. Accordingly, the Company released $2.0 million of the debt discount associated with this repayment into Net interest expense on the Condensed Consolidated Statements of Operations. Additionally, upon the effectiveness of the Registration Statement, VPC's option to convert was terminated, and the Convertible Term Notes were no longer convertible in whole or in part into shares of the Company's common stock. Furthermore, VPC agreed to waive approximately $3 million of the Redemption Premium Feature associated with the $14.9 million of Convertible Term Notes the Company repaid. The remaining fair value of the derivative recognized by the Company at December 31, 2017 relates to the Redemption Premium Feature. See Note 8—Fair Value Measurements for additional information. The debt discount on the Convertible Term Notes was fully amortized and the exit premium under the Convertible Term Notes of $2.0 million was due and paid on January 30, 2018. ESPV Facility The ESPV Facility is used to purchase loan participations from a third-party lender and has a $250 million commitment amount. Interest is charged at a base rate (defined as the greater of the 3 month LIBOR rate or 1% per annum) plus 13% for the outstanding balance up to $50 million , plus 12% for the outstanding balance greater than $50 million up to $100 million , plus 13.5% for any amounts greater than $100 million up to $150 million , and plus 12.75% for borrowing amounts greater than $150 million . All of the tiered rates will decrease by 1% effective July 1, 2019. In August 2018, the maturity date of $49 million outstanding under the ESPV Facility, which previously had a maturity date of August 13, 2018, was automatically extended to July 1, 2021 per the terms of the agreement. As a result of this extension, all amounts outstanding under the ESPV Facility have a maturity date of July 1, 2021. The blended interest rate at September 30, 2018 and December 31, 2017 was 14.60% and 14.45% , respectively. The Company entered into an interest rate cap on January 11, 2018 to mitigate the floating rate interest risk on an aggregate $216 million outstanding as of September 30, 2018 . See Note 8—Fair Value Measurements. There are no principal payments due or scheduled until the respective maturity dates. All assets of the Company and ESPV are pledged as collateral to secure the ESPV Facility. The ESPV Facility contains financial covenants, including a borrowing base calculation and certain financial ratios. ESPV was in compliance with all covenants related to the ESPV Facility as of September 30, 2018 and December 31, 2017 . VPC and ESPV Facilities: The outstanding balances of Notes payable, net of debt issuance costs, are as follows: (Dollars in thousands) September 30, December 31, US Term Note bearing interest at 3-month LIBOR +11% $ 240,000 $ 240,000 UK Term Note bearing interest at 3-month LIBOR + 14% (2018) + 16% (2017) 39,481 31,210 4th Tranche Term Note bearing interest at 3-month LIBOR + 13% (2018) + 17% (2017) 35,050 25,000 Convertible Term Notes bearing interest at 3-month LIBOR + 9% — 10,050 ESPV Term Note bearing interest at 3-month LIBOR + 12-13.5% 235,000 208,000 Debt discount and issuance costs (571 ) (965 ) Total $ 548,960 $ 513,295 The Company has evaluated the interest rates for its debt and believes they represent market rates based on the Company’s size, industry, operations and recent amendments. As a result, the carrying value for the debt approximates the fair value. Future debt maturities as of September 30, 2018 are as follows: Year (dollars in thousands) September 30, 2018 Remainder of 2018 $ — 2019 — 2020 — 2021 549,531 2022 — Total $ 549,531

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS The carrying value of goodwill at September 30, 2018 and December 31, 2017 was approximately $16 million . There were no changes to goodwill during the three and nine months ended September 30, 2018 . Goodwill represents the excess purchase price over the estimated fair market value of the net assets acquired by the predecessor parent company, Think Finance, Inc. ("Think Finance") related to the Elastic and UK reporting units. Of the total goodwill balance, approximately $0.5 million is deductible for tax purposes. The carrying value of acquired intangible assets as of September 30, 2018 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 946 (946 ) $ — Non-compete 3,404 (2,228 ) 1,176 Customers 126 (126 ) — Assets not subject to amortization: Domain names 680 — 680 Total $ 5,156 $ (3,300 ) $ 1,856 The carrying value of acquired intangible assets as of December 31, 2017 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 946 $ (946 ) $ — Non-compete 3,404 (1,961 ) 1,443 Customers 126 (126 ) — Assets not subject to amortization: Domain names 680 — 680 Total $ 5,156 $ (3,033 ) $ 2,123 In May 2018, a party to a non-compete agreement terminated employment with the Company. The terms of the non-compete agreement expire one year after termination. The Company determined that the useful life of the non-compete agreement should coincide with its expiration and will therefore amortize the remaining carrying value on a straight line basis through May 2019. As of September 30, 2018, the non-compete agreement has a carrying value of $304 thousand . Total amortization expense recognized for the three months ended September 30, 2018 and 2017 was approximately $144 thousand and $45 thousand , respectively. Total amortization expense recognized for the nine months ended September 30, 2018 and 2017 was approximately $267 thousand and $136 thousand , respectively. The weighted average remaining amortization period for the intangible assets was 5.5 years at September 30, 2018 . Estimated amortization expense relating to intangible assets subject to amortization for each of the five succeeding fiscal years is as follows: Year (dollars in thousands) Amount 2019 $ 310 2020 120 2021 120 2022 120 2023 120

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION Share-based compensation expense recognized for the three months ended September 30, 2018 and 2017 totaled approximately $2.4 million and $1.6 million , respectively. Share-based compensation expense recognized for the nine months ended September 30, 2018 and 2017 totaled approximately $6.0 million and $4.4 million , respectively. 2016 Omnibus Incentive Plan The 2016 Omnibus Incentive Plan ("2016 Plan") was adopted by the Company’s Board of Directors on January 5, 2016 and approved by the Company’s stockholders thereafter. The 2016 Plan became effective on June 23, 2016. The 2016 Plan provides for the grant of incentive stock options to the Company’s employees, and for the grant of non-qualified stock options, stock appreciation rights, restricted stock, RSUs, dividend equivalent rights, cash-based awards (including annual cash incentives and long-term cash incentives), and any combination thereof to the Company’s employees, directors and consultants. In connection with the 2016 Plan, the Company has reserved but not issued 6,474,914 shares of common stock, which includes shares that would otherwise return to the 2014 Equity Incentive Plan (the "2014 Plan") as a result of forfeiture, termination, or expiration of awards previously granted under the 2014 Plan and outstanding when the 2016 Plan became effective. The 2016 Plan will automatically terminate 10 years following the date it became effective, unless the Company terminates it sooner. In addition, the Company’s Board of Directors has the authority to amend, suspend or terminate the 2016 Plan provided such action does not impair the rights under any outstanding award. As of September 30, 2018, the total number of shares available for future grants under the 2016 Plan was 845,986 shares. The Company has in the past and may in the future make grants of share-based compensation as inducement awards to new employees who are outside the 2016 Plan. The Company's board may rely on the employment inducement exception under NYSE Rule 303A.08 in order to approve the grants. 2014 Equity Incentive Plan The Company adopted the 2014 Plan on May 1, 2014. The 2014 Plan permitted the grant of incentive stock options, nonstatutory stock options, and restricted stock. On April 27, 2017, the Company's Board of Directors terminated the 2014 Plan as to future awards and confirmed that underlying shares corresponding to awards under the 2014 Plan that were outstanding at the time the 2016 Plan became effective, that are forfeited, terminated or expired, will become available for issuance under the 2016 Plan. For the nine months ended September 30, 2018 , the Company had the following activity related to outstanding share-based awards: Stock Options Stock options are awarded to encourage ownership of the Company's common stock by employees and to provide increased incentive for employees to render services and to exert maximum effort for the success of the Company. The Company's stock options generally permit net-share settlement upon exercise. The option exercise price, vesting schedule and exercise period are determined for each grant by the administrator of the applicable plan. The Company's stock options generally have a 10 -year contractual term and vest over a 4 -year period. A summary of stock option activity as of and for the nine months ended September 30, 2018 is presented below: Stock Options Shares Weighted Average Weighted Average Remaining Contractual Life (in years) Outstanding at December 31, 2017 2,528,925 $ 4.48 Granted 89,731 6.27 Exercised (271,891 ) 3.67 Forfeited (16,598 ) 6.45 Outstanding at September 30, 2018 2,330,167 4.63 5.05 Options exercisable at September 30, 2018 2,172,363 $ 4.49 4.81 On March 9, 2018, the Company began offering a Save as You Earn Plan ("SAYE") to eligible UK employees. The Company granted 89,731 SAYE options under the 2016 Plan for the nine months ended September 30, 2018 . At September 30, 2018 , there was approximately $0.4 million of unrecognized compensation cost related to non-vested stock options which is expected to be recognized over a weighted average period of 1.9 years. The total intrinsic value of options exercised for the nine months ended September 30, 2018 was $1.2 million . Restricted Stock Units RSUs are awarded to serve as a key retention tool for the Company to retain its executives and key employees. RSUs will transfer value to the holder even if the Company’s stock price falls below the price on the date of grant, provided that the recipient provides the requisite service during the period required for the award to “vest.” The weighted-average grant-date fair value for RSUs granted under the 2016 Plan during the nine months ended September 30, 2018 was $8.39 . These RSUs primarily vest 25% on the first anniversary of the effective date, and 25% each year thereafter, until full vesting on the fourth anniversary of the effective date. A summary of RSU activity as of and for the nine months ended September 30, 2018 is presented below: RSUs Shares Weighted Average Weighted Average Remaining Contractual Life (in years) Nonvested at December 31, 2017 2,784,524 $ 7.55 Granted 1,545,393 8.35 Vested (717,225 ) 7.56 Forfeited (246,730 ) 7.59 Nonvested at September 30, 2018 3,365,962 7.91 9.06 Expected to vest at September 30, 2018 2,650,330 $ 7.89 9.04 Included in the above grants, the Company entered into an RSU Agreement with a certain employee in January 2018 whereby 67,204 RSUs at a weighted average grant date fair value of $7.44 were authorized and granted as an inducement award outside the 2016 Plan. This award has a contractual term of 10 years and vests 25% on the first anniversary of the effective date, and 25% each year thereafter, until full vesting on the fourth anniversary of the effective date. At September 30, 2018 , there was approximately $17.7 million of unrecognized compensation cost related to non-vested RSUs which is expected to be recognized over a weighted average period of 2.9 years. During the nine months ended September 30, 2018 , the total vest-date fair value of RSUs was approximately $5.4 million . As of September 30, 2018 , the aggregate intrinsic value of the vested and expected to vest RSUs was approximately $21.4 million . Employee Stock Purchase Plan The Company offers an Employee Stock Purchase Plan ("ESPP") to eligible US employees. There are currently 946,655 shares authorized and 804,750 reserved for the ESPP. There have been 61,996 shares purchased under the ESPP for the nine months ended September 30, 2018 . Within share-based compensation expense for the three and nine months ended September 30, 2018 , $147 thousand and $415 thousand , respectively, relates to the ESPP. There was $166 thousand of ESPP expense for both the three and nine months ended September 30, 2017 .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The accounting guidance on fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The Company groups its assets and liabilities measured at fair value in three levels of the fair value hierarchy, based on the fair value measurement technique, as described below: Level 1—Valuation is based upon quoted prices (unadjusted) for identical assets and liabilities in active exchange markets that the Company has the ability to access at the measurement date. Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques with significant assumptions and inputs that are observable in the market or can be derived principally from or corroborated by observable market data. Level 3—Valuation is derived from model-based techniques that use inputs and significant assumptions that are supported by little or no observable market data. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of pricing models, discounted cash flow models and similar techniques. The Company monitors the market conditions and evaluates the fair value hierarchy levels at least quarterly. For any transfers in and out of the levels of the fair value hierarchy, the Company discloses the fair value measurement at the beginning of the reporting period during which the transfer occurred. For the nine month periods ended September 30, 2018 and 2017 , there were no significant transfers between levels. The level of fair value hierarchy within which a fair value measurement in its entirety falls is based on the lowest-level input that is most significant to the fair value measurement in its entirety. In the determination of the classification of assets and liabilities in Level 2 or Level 3 of the fair value hierarchy, the Company considers all available information, including observable market data, indications of market conditions, and its understanding of the valuation techniques and significant inputs used. Based upon the specific facts and circumstances, judgments are made regarding the significance of the Level 3 inputs to the fair value measurements of the respective assets and liabilities in their entirety. If the valuation techniques that are most significant to the fair value measurements are principally derived from assumptions and inputs that are corroborated by little or no observable market data, the asset or liability is classified as Level 3. Financial Assets and Liabilities Not Measured at Fair Value The Company has evaluated Loans receivable, net of allowance for loan losses, Receivable from CSO lenders, Receivable from payment processors and Accounts payable and accrued expenses and believes the carrying value approximates the fair value due to the short-term nature of these balances. The Company has also evaluated the interest rates for Notes payable, net and believes they represent market rates based on the Company’s size, industry, operations and recent amendments. As a result, the carrying value for Notes payable, net approximates the fair value. The Company classifies its fair value measurement techniques for the fair value disclosures associated with Loans receivable, net of allowance for loan losses, Receivable from CSO lenders, Receivable from payment processors, Accounts payable and accrued liabilities and Notes payable, net as Level 3 in accordance with ASC 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”). Fair Value Measurements on a Recurring Basis As previously discussed, the Company's Convertible Term Notes had embedded features that were required to be assessed as derivatives. This liability was considered to be Level 3 in accordance with ASC 820-10 and was measured at fair value on a recurring basis. See Note 5—Notes Payable for additional information. On January 11, 2018, the Company entered into two interest rate cap transactions with a counterparty to mitigate the floating rate interest risk on a portion of the debt under the VPC Facility and the ESPV Facility. On January 16, 2018, the Company paid fixed premiums of $719 thousand and $648 thousand for the interest rate caps on the US Term Note (under the VPC Facility) and the ESPV Facility, respectively. The interest rate caps qualify for hedge accounting as cash flow hedges. Gains and losses on the interest rate caps are recognized in Accumulated other comprehensive income in the period incurred and are subsequently reclassified to Interest expense when the hedged expenses are recorded. The interest rate caps have a maturity date of February 1, 2019; therefore the Company expects all of the gains to be recognized in Interest expense in the next twelve months. The Company uses model-derived valuations that discount the future expected cash receipts that would occur if variable interest rates rise above the strike price of the caps. The variable interest rates used in the calculation of projected receipts on the caps are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities in active markets (Level 2). The following tables summarize these interest rate caps as of and for the three and nine months ended September 30, 2018 (dollars in thousands): Contract date Maturity date Hedged interest rate payments' related note payable Strike rate Notional amount Fair value January 11, 2018 February 1, 2019 US Term Note 1.75 % $ 240,000 $ 652 January 11, 2018 February 1, 2019 ESPV Facility 1.75 % 216,000 586 $ 456,000 $ 1,238 Unrealized gains (losses) recognized in Accumulated other comprehensive income As of September 30, 2018 US Term Note interest rate cap $ 423 ESPV Facility interest rate cap 380 $ 803 Gains recognized in Interest expense Three months ended September 30, 2018 Nine months ended September 30, 2018 US Term Note interest rate cap $ 358 $ 766 ESPV Facility interest rate cap 322 690 $ 680 $ 1,456 The Company has no derivative amounts subject to enforceable master netting arrangements that are offset on the Condensed Consolidated Balance Sheets. The Derivative liability related to the Convertible Term Notes is measured at fair value on a recurring basis. The changes in the Derivative liability for the three and nine months ended September 30, 2018 and 2017 are shown in the following table: (Dollars in thousands) Embedded Derivative Liability in Convertible Term Notes Balance, December 31, 2016 $ 1,750 Additional derivative recognized upon $15.0 million draw on the underlying Convertible Term Note 2,517 Fair value adjustment (Non-Operating expense in the Condensed Consolidated Statements of Operations) 133 Balance, March 31, 2017 $ 4,400 Reduction of derivative due to $14.9 million repayment of the underlying Convertible Term Note (Non-Operating expense in the Condensed Consolidated Statements of Operations) (2,746 ) Fair value adjustment (Non-Operating expense in the Condensed Consolidated Statements of Operations) 100 Balance, June 30, 2017 $ 1,754 Fair value adjustment (Non-Operating expense in the Condensed Consolidated Statements of Operations) 106 Balance, September 30, 2017 $ 1,860 Balance, December 31, 2017 $ 1,972 Settlement of derivative due to conversion of the underlying Convertible Term Note to 4 th Tranche Term Note (2,010 ) Fair value adjustment (Non-Operating expense in the Condensed Consolidated Statements of Operations) 38 Balance, March 31, 2018 $ — Balance, June 30, 2018 $ — Balance, September 30, 2018 $ — The Company’s derivative liability associated with its Convertible Term Notes was measured at fair value using a probability-weighted valuation scenario model based on the likelihood of the Company successfully completing an IPO or other qualified financing. The inputs and assumptions included in the calculations were highly subjective and subject to interpretation and included inputs and assumptions including estimates of redemption and conversion behaviors. Significant unobservable estimates of redemption and conversion behaviors prior to the IPO included (i) the 75% cumulative probability for the Company’s successful achievement of an IPO or other qualified financing prior to January 31, 2018 and (ii) the 90% probability that the Convertible Term Notes would be required to be redeemed at their maturation on January 31, 2018 (i.e., the holder would opt-out of converting the Convertible Term Notes into shares of the Company's common stock). The floating rate was based on the three-month LIBOR rate. The risk-free interest rate was based on the implied yield available on US Treasury zero-coupon issues over the expected life of the Convertible Term Notes. The expected life was impacted by all of the underlying assumptions and calibration of the Company’s model. Significant increases or decreases in inputs would result in significantly lower or higher fair value measurements. The ranges of significant inputs and assumptions used in measuring the fair value of the embedded derivative liability in the Convertible Term Notes as of December 31, 2017 were as follows: December 31, 2017 Expected life (months) 1 Conversion discount percentage N/A Floating rate 10.69% - 10.77% Risk-free rate 1.58 % Market yield 23.81 % Non-marketability discount N/A Non-marketability discount volatility N/A

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Income tax expense for the three and nine months ended September 30, 2018 and 2017 consists of the following: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2018 2017 2018 2017 Current income tax expense (benefit): Federal $ — $ 72 $ (5 ) $ 227 State 117 (57 ) 150 359 Foreign — — 115 — Total current income tax expense 117 15 260 586 Deferred income tax expense (benefit): Federal (1,903 ) (3,029 ) 2,844 (2,464 ) State (402 ) (842 ) 502 (767 ) Stock options 41 (68 ) (213 ) (758 ) Deductible IPO costs — (55 ) — (859 ) R&D credits (1,062 ) — (1,857 ) — Total deferred income tax expense (benefit) (3,326 ) (3,994 ) 1,276 (4,848 ) Total income tax expense (benefit) $ (3,209 ) $ (3,979 ) $ 1,536 $ (4,262 ) On December 22, 2017, the Tax Cuts and Jobs Act (the "Act", or "Tax Reform") was enacted into law. The Act contains several changes to the US federal tax law including a reduction to the US federal corporate tax rate from 35% to 21%, an acceleration of the expensing of certain business assets, a reduction to the amount of executive pay that could qualify as a tax deduction, the addition of a repatriation tax on any accumulated offshore earnings and profit and a new minimum tax on certain non-US earnings, irrespective of the territorial system of taxation. In addition, it generally allows for the repatriation of future earnings of foreign subsidiaries without incurring additional US taxes by transitioning to a territorial system of taxation (Global Intangible Low-Taxed Income or “GILTI”). The Act is unclear in many respects and could be subject to potential amendments and technical correction, as well as interpretations and implementing regulations by the Treasury Department and Internal Revenue Service (the “IRS”), any of which could affect the estimates included in these financial statements. In addition, it is unclear how these US federal income tax changes will affect state and local taxation, which often uses federal taxable income as a starting point for computing state and local tax liabilities. The Company will continue to evaluate if any adjustment is required, and if any adjustment is required, it will be reflected as an additional expense or benefit in the 2018 financial statements, as allowed by SEC Staff Accounting Bulletin No. 118 ("SAB 118"). On December 22, 2017, the SEC issued SAB 118, which provides guidance on accounting for tax effects of the Tax Reform. SAB 118 provides a measurement period of up to one year from the enactment date to complete the accounting. The Company has completed its accounting of the impact of the reduction in the corporate tax rate and the remeasurement of certain deferred tax assets and liabilities based on the rate at which they are expected to reverse in the future, which is generally 21%. The ultimate impact may differ from the amounts recorded, possibly materially, due to, among other things, additional analysis, changes in interpretations and assumptions the Company has made and additional regulatory guidance that may be issued. Any adjustments made to provisional amounts under SAB 118 will be recorded as discrete adjustments in the period identified, not to extend beyond the one-year measurement period provided in SAB 118. During the three and nine months ended September 30, 2018 , the Company recorded benefits of $0 and $50 thousand , respectively, to its provisional amounts related to Tax Reform, which had no material impact to the consolidated and the US effective tax rates for the nine months ended September 30, 2018 . The Company also continues to evaluate the impact of the GILTI provisions under the Tax Reform, which are complex and subject to continuing regulatory interpretation by the IRS. The Company is required to make an accounting policy election of either (1) treating taxes due on future US inclusions in taxable income related to GILTI as a current period expense when incurred (the “period cost method”) or (2) factoring such amounts into the Company’s measurement of its deferred taxes (the “deferred method”). The Company’s accounting policy election with respect to the new GILTI tax rules will depend, in part, on analyzing its consolidated income to determine whether it can reasonably estimate the tax impact. In addition, the Company is awaiting further interpretive guidance in connection with the computation of the GILTI tax. While the Company has included an estimate of GILTI in its estimated effective tax rate for 2018, it has not completed its analysis and is not yet able to determine which method to elect. Adjustments related to the amount of GILTI tax recorded in its consolidated financial statements may be required based on the outcome of this election. The Company's tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items arising in that quarter. In each quarter, the Company updates its estimate of the annual effective tax rate, and if the estimated annual effective tax rate changes, the Company would make a cumulative adjustment in that quarter. The Company’s consolidated effective tax rates for the nine months ended September 30, 2018 and 2017 , including discrete items, were 15% and negative 419% , respectively, while the US effective tax rates were 10% and 153% , respectively. For the nine months ended September 30, 2018 and 2017 , the Company’s effective tax rate differed from the standard corporate federal income tax rate of 21% and 35% for the US, respectively, and 19% for the UK primarily due to its permanent non-deductible and discrete tax items. In addition, the US effective tax rate is impacted by the Company's corporate state tax obligations in the states where it has lending activities. The Company's US cash effective tax rate was approximately 1% . For purposes of evaluating the need for a deferred tax valuation allowance, significant weight is given to evidence that can be objectively verified. The following provides an overview of the assessment that was performed for both the domestic and foreign deferred tax assets, net. US deferred tax assets, net At September 30, 2018 and December 31, 2017 , the Company did not establish a valuation allowance for its US deferred tax assets (“DTA”) based on management’s expectation of generating sufficient taxable income in a look forward period over the next three to five years. The unutilized net operating loss ("NOL") carryforward from US operations at September 30, 2018 and December 31, 2017 was approximately $43.4 million for both periods. The NOLs were generated prior to January 1, 2018 and can be carried forward until 2034. The ultimate realization of the resulting deferred tax asset is dependent upon generating sufficient taxable income. The Company considered the following positive and negative factors when making their assessment regarding the ultimate realizability of the deferred tax assets. Significant positive factors included the following: • The Company is in a forecasted 3-year cumulative pre-tax income position through December 31, 2018. The Company had incurred pre-tax losses in prior years with the pre-tax loss narrowing each year due to the growth in the products and scaling of the business since the spin-off date. • In 2017, the Company continued to grow its operating income (from $48 million in 2016 to $71 million in 2017). The US-only pre-tax loss decreased from $10.4 million in 2016 to $4.5 million in 2017, a 57% improvement from prior year. The US only pre-tax loss is attributed to slower loan growth for Rise early in the year, due to a delay in the tax refund season, coupled with slower loan growth for Elastic, in September and October, due to the impact of the hurricanes in Texas and Florida. • In 2018, the Company is forecasting US pre-tax income as it continues to grow its business and generate even greater operating income and is in a forecasted three-year cumulative pre-tax income position. The continued growth of the loan portfolio within the credit quality and marketing cost targets will drive improved gross margins for the Company. The Company's operating expenses are within targeted efficiency ratios and are expected to hold flat. The Company used the IPO proceeds to pay down its debt balances, as well as re-negotiated its debt facilities to lower interest rates, which will drive improved profitability from lower interest costs in future years. Various forecast scenarios have been performed with the results reflecting usage of approximately 13% of the US NOL in 2018 and the balance during 2019. The Company's operating income for the nine months ended September 30, 2018 was $69.0 million , a 37% improvement over the prior year period. • Management’s success in developing accurate forecasts and management’s track record of launching new and successful products is another source of positive evidence which was evaluated. The Company believes that the unique circumstance of the 2014 spin-off from a company that was successful prior to the spin-off provides it with several positive objectively verifiable factors that would not normally be available to a new company with a limited operating history. There were no significant negative factors. The Company has given due consideration to all the factors and believes the positive evidence outweighs the negative evidence and has concluded that the US deferred tax asset is expected to be realized based on management’s expectation of generating sufficient pre-tax income over the next three to five years. Although realization is not assured, management believes it is more likely than not that all of the recorded deferred tax assets will be realized. The amount of the deferred tax assets considered realizable, however, could be adjusted in the future if estimates of future taxable income change. UK deferred tax assets, net At September 30, 2018 and December 31, 2017 , the Company recognized a full valuation allowance for its foreign deferred tax assets due to the lack of sufficient objective evidence regarding the realization of these assets in the foreseeable future. The Company assesses the UK deferred tax assets on a quarterly basis, and, as a result, there have been no changes as of September 30, 2018 . Regardless of the deferred tax valuation allowance recognized at September 30, 2018 and December 31, 2017 , the Company continues to retain NOL carryforwards for foreign income tax purposes of approximately $59.4 million , available to offset future foreign taxable income. To the extent that the Company generates taxable income in the future to utilize the tax benefits of the related deferred tax assets, subject to certain potential limitations, it may be able to reduce its effective tax rate by reducing the valuation allowance. The Company’s foreign NOL carryforward of approximately $59.4 million at September 30, 2018 and December 31, 2017 can be carried forward indefinitely.

Commitments Contingencies and G

Commitments Contingencies and Guarantees	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments Contingencies and Guarantees	COMMITMENTS, CONTINGENCIES AND GUARANTEES Contingencies Currently and from time to time, the Company may become a defendant in various legal and regulatory actions that arise in the ordinary course of business. The Company generally cannot predict the eventual outcome, the timing of the resolution or the potential losses, fines or penalties of such legal and regulatory actions. Actual outcomes or losses may differ materially from the Company's current assessments and estimates, which could have a material adverse effect on the Company's business, financial condition and results of operation. In accordance with applicable accounting guidance, the Company establishes an accrued liability for litigation, regulatory matters and other legal proceedings when those matters present material loss contingencies that are both probable and reasonably estimable. Even when an accrual is recorded, the Company may be exposed to loss in excess of any amounts accrued. UK Claims Accrual: During the three months ended September 30, 2018 , the Company's UK business began to receive an increased number of customer complaints initiated by claims management companies ("CMCs") related to the affordability assessment of certain loans. If the Company's evidence supports the affordability assessment and the Company rejects the claim, the customer has the right to take the complaint to the Financial Ombudsman Service for further adjudication. The CMCs' campaign against the high cost lending industry increased significantly during the third quarter of 2018 resulting in a significant increase in affordability claims against all companies in the industry during this period. The Company believes that many of the increased claims against it are without merit and reflect the use of abusive and deceptive tactics by the CMCs. The Financial Conduct Authority, a regulator in the UK financial services industry, expects to begin regulating the CMCs in April 2019 in order to ensure that the methods used by the CMCs are in the best interests of the consumer and the industry. As of September 30, 2018 , the Company accrued approximately $947 thousand for the claims that were determined to be probable and reasonably estimable based on the Company's historical loss rates related to these claims. This accrual is recognized as Other cost of sales in the Statement of Operations and as Accounts payable and accrued liabilities on the Condensed Consolidated Balance Sheets. There was no expense accrued in the prior year. The outcomes of the adjudication of these claims may differ from the Company's estimates, and as a result, the Company's estimates may change in the near term and the effect of any such change could be material to the financial statements. The Company continues to monitor the matters for further developments that could affect the amount of the accrued liability recognized. Commitments The Elastic product, which offers lines of credit to consumers, had approximately $254.6 million and $198.9 million in available and unfunded credit lines at September 30, 2018 and December 31, 2017 , respectively. In May 2017, the Rise product began offering lines of credit to consumers in certain states and had approximately $9.4 million and $3.5 million at September 30, 2018 and December 31, 2017 , respectively, in available and unfunded credit lines. While these amounts represented the total available unused credit lines, the Company has not experienced and does not anticipate that all line of credit customers will access their entire available credit lines at any given point in time. The Company has not recorded a loan loss reserve for unfunded credit lines as the Company has the ability to cancel commitments within a relatively short timeframe. Effective June 2017, the Company entered into a seven year lease agreement for office space in California. Upon the commencement of the lease, the Company was required to provide the lessor with an irrevocable and unconditional $500 thousand letter of credit. Provided the Company is not in default of any terms of the lease agreement, the outstanding required balance of the letter of credit will be reduced by $100 thousand per year beginning on the second anniversary of the lease commencement and ending on the fifth anniversary of the lease agreement. The minimum balance of the letter of credit will be at least $100 thousand throughout the duration of the lease. At both September 30, 2018 and December 31, 2017 , the Company had $500 thousand of cash balances securing the letter of credit which is included in Restricted cash within the Condensed Consolidated Balance Sheets. Guarantees In connection with its CSO programs, the Company guarantees consumer loan payment obligations to CSO lenders and is required to purchase any defaulted loans it has guaranteed. The guarantee represents an obligation to purchase specific loans that go into default. Indemnification In the ordinary course of business, the Company may indemnify customers, vendors, lessors, investors, and other parties for certain matters subject to various terms and scopes. For example, the Company's may indemnify certain parties for losses due to the Company's breach of certain agreements or due to certain services it provides. The Company has not incurred material costs to settle claims related to such indemnification provisions as of September 30, 2018 and December 31, 2017 . The fair value of these liabilities is immaterial; accordingly, there are no liabilities recorded for these agreements as of September 30, 2018 and December 31, 2017 .

Operating Segment Information

Operating Segment Information	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Operating Segment Information	OPERATING SEGMENT INFORMATION The Company determines operating segments based on how its chief operating decision-maker manages the business, including making operating decisions, deciding how to allocate resources and evaluating operating performance. The Company's chief operating decision-maker is its Chief Executive Officer, who reviews its consolidated operating results on a monthly basis. The Company has one reportable segment, which provides online credit products for non-prime consumers, which is composed of the Company’s operations in the US and the UK. The Company has aggregated all components of its business into a single reportable segment based on the similarities of the economic characteristics, the nature of the products and services, the distribution methods, the type of customers, and the nature of the regulatory environments. Information related to each reportable segment is outlined below. Segment revenue is used to measure performance because management believes that this information is the most relevant in evaluating the results of the respective segments relative to other entities that operate in the same industry. The following tables summarize the allocation of net revenues and long-lived assets based on geography: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2018 2017 2018 2017 Revenues United States $ 169,468 $ 146,904 $ 487,683 $ 403,990 United Kingdom 32,012 25,947 91,711 75,699 Total $ 201,480 $ 172,851 $ 579,394 $ 479,689 September 30, December 31, Long-lived assets United States $ 38,300 $ 29,317 United Kingdom 16,321 13,082 Total $ 54,621 $ 42,399

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Parties	RELATED PARTIES The Company has entered into sublease agreements with Think Finance for office space that expire beginning in 2018 through 2019. Total rent and utility payments made to Think Finance for office space were approximately $233 thousand and $219 thousand for the three months ended September 30, 2018 and 2017 , respectively, and approximately $818 thousand and $678 thousand for the nine months ended September 30, 2018 and 2017 , respectively. Rent and utility expense is included in Occupancy and equipment within the Condensed Consolidated Statements of Operations. There were no expenses for equipment for each of the three months ended September 30, 2018 and 2017 , and approximately $0 thousand and $42 thousand for the nine months ended September 30, 2018 and 2017 , respectively. Equipment payments were included as a reduction of the capital lease liability included in Accounts payable and accrued liabilities within the Condensed Consolidated Balance Sheets and as interest expense included in Net interest expense within the Condensed Consolidated Statements of Operations. At September 30, 2018 and December 31, 2017 , the Company had approximately $45 thousand and $95 thousand , respectively, due to Think Finance related to reimbursable costs, which is included in Accounts payable and accrued liabilities within the Condensed Consolidated Balance Sheets. Expenses related to our board of directors, including board fees, travel reimbursements, share-based compensation, and a consulting arrangement with a related party for the three and nine months ended September 30, 2018 and 2017 are included in Professional services within the Condensed Consolidated Statements of Operations and were as follows: Three Months Ended September 30, (Dollars in thousands) 2018 2017 Fees and travel expenses $ 126 $ 134 Stock compensation 386 254 Consulting 75 75 Total board related expenses $ 587 $ 463 Nine Months Ended September 30, (Dollars in thousands) 2018 2017 Fees and travel expenses $ 410 $ 404 Stock compensation 897 582 Consulting 225 225 Total board related expenses $ 1,532 $ 1,211 In addition to amounts due to Think Finance as disclosed above, at September 30, 2018 and December 31, 2017 , the Company had approximately $119 thousand and $65 thousand , respectively, due to related parties, which is included in Accounts payable and accrued liabilities within the Condensed Consolidated Balance Sheets.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS The Company evaluated subsequent events as of the date these financial statements are made available and determined there has been no material subsequent events that required recognition or additional disclosure in these condensed consolidated financial statements.

Basis of Presentation and Acc_2

Basis of Presentation and Accounting Changes (Policies)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements as of September 30, 2018 and for the three and nine month periods ended September 30, 2018 and 2017 include the accounts of the Company, its wholly owned subsidiaries and a variable interest entity ("VIE") where the Company is the primary beneficiary. See Note 4—Variable Interest Entities for more information. All significant intercompany transactions and accounts have been eliminated. The unaudited condensed consolidated financial information included in this report has been prepared in accordance with accounting principles generally accepted in the US (“US GAAP”) for interim financial information and Article 10 of Regulation S-X and conform, as applicable, to general practices within the finance company industry. The principles for interim financial information do not require the inclusion of all the information and footnotes required by US GAAP for complete financial statements. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2017 in the Company's Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission ("SEC") on March 9, 2018. In the opinion of the Company’s management, the unaudited condensed consolidated financial statements include all adjustments, all of which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods. Our business is seasonal in nature so the results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for the full year.
Stock-Based Compensation	Stock options granted to certain employees vest upon the satisfaction of the earlier of either a service condition or a liquidity condition. The service condition for these awards is generally satisfied over four years . The liquidity condition is satisfied upon the occurrence of a qualifying event, defined as the completion of the IPO, which occurred on April 11, 2017. The satisfaction of this vesting condition accelerated the expense attribution period for those stock options, and the Company recognized a cumulative share-based compensation expense for the portion of those stock options that met the liquidity condition.
Use of Estimates	The preparation of the unaudited condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include the valuation of the allowance for loan losses, goodwill, long-lived and intangible assets, deferred revenues, contingencies, the fair value of derivatives, the income tax provision, valuation of share-based compensation and the valuation allowance against deferred tax assets. The Company bases its estimates on historical experience, current data and assumptions that are believed to be reasonable. Actual results in future periods could differ from those estimates.
Recently Adopted and to be Adopted Accounting Standards	Recently Adopted Accounting Standards In March 2018, the FASB issued Accounting Standards Update ("ASU") No. 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 ("ASU 2018-05"). The purpose of ASU 2018-05 is to incorporate the guidance pronounced through Staff Accounting Bulletin No. 118 ("SAB 118"). The Company has adopted all of the amendments of ASU 2018-05 on a prospective basis as of January 1, 2018. The adoption of ASU 2018-05 did not have a material impact on the Company's condensed consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ("ASU 2018-02"). The purpose of ASU 2018-02 is to allow an entity to elect to reclassify the stranded tax effects related to the Tax Cuts and Jobs Act from Accumulated other comprehensive income into Retained earnings. The amendments in ASU 2018-02 are effective for all entities for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Early adoption is permitted. The Company adopted all amendments of ASU 2018-02 on a prospective basis as of January 1, 2018 and elected to reclassify the stranded tax effects resulting from the Tax Cuts and Jobs Act from Accumulated other comprehensive income to Accumulated deficit. The amount of the reclassification for the three and nine months ended September 30, 2018 was $0 and $920 thousand , respectively. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815)—Targeted Improvements to Accounting for Hedging Activities ("ASU 2017-12"). The purpose of ASU 2017-12 is to improve the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements. In addition, ASU 2017-12 makes certain targeted improvements to simplify the application of the hedge accounting guidance. This guidance is effective for public companies for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Early adoption is permitted. The Company has adopted all of the amendments of ASU 2017-12 on a prospective basis as of January 1, 2018. Since the Company did not have derivatives accounted for as hedges prior to December 31, 2017, there was no cumulative-effect adjustment needed to Accumulated other comprehensive income and Accumulated deficit. The adoption of ASU 2017-12 did not have a material impact on the Company's condensed consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09"). The purpose of ASU 2017-09 is to provide clarity and reduce both the diversity in practice and the cost and complexity when applying the guidance to a change to the terms or conditions of a share-based payment award. Under this new guidance, an entity should account for the effects of a modification unless all of the following are met: (1) The fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the modified award is the same as the fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation technique that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification. (2) The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified. (3) The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. The Company adopted all amendments of ASU 2017-09 on a prospective basis as of January 1, 2018. The adoption of ASU 2017-09 did not have a material impact on the Company's financial condition, results of operations or cash flows. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash a consensus of the FASB Emerging Issues Task Force ("ASU 2016-18"). The purpose of ASU 2016-18 is to reduce diversity in practice related to the classification and presentation of changes in restricted cash on the statement of cash flows. Under this new guidance, the statement of cash flows during the reporting period must explain the change in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 is effective for public entities for fiscal years beginning after December 15, 2017 and for interim periods within those fiscal years. The Company adopted all amendments of ASU 2016-18 on a retrospective basis as of January 1, 2018. Upon adoption, the Company included any restricted cash balances as part of cash and cash equivalents in its Condensed Consolidated Statements of Cash Flows and did not present the change in restricted cash balances as a separate line item under investing activities. The amount of the reclassification for the nine months ended September 30, 2018 and 2017 was immaterial for both periods. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments ("ASU 2016-15") . ASU 2016-15 is intended to reduce diversity in practice for certain cash receipts and cash payments that are presented and classified in the statement of cash flows. For public entities, ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company adopted all amendments of ASU 2016-15 on a prospective basis as of January 1, 2018. The adoption of ASU 2016-15 did not have a material impact on the Company's condensed consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09 is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date ("ASU 2015-14"), which defers the effective date of this guidance by one year, to the annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. A reporting entity may choose to early adopt the guidance as of the original effective date. In April 2016, the FASB issued ASU 2016-10, Revenues from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing ("ASU 2016-10"), which clarifies the guidance related to identifying performance obligations and licensing implementation. The Company adopted all amendments of ASU 2016-10 using the alternative transition method, which requires the application of the guidance only to contracts that are uncompleted on the date of initial application. As a result of the scope exception for financial contracts, the Company's management determined that there are no material changes to the nature, extent or timing of revenues and expenses; additionally, the adoption of ASU 2014-09 did not have a significant impact to pretax income upon adoption as of September 30, 2018 . Accounting Standards to be Adopted in Future Periods In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract ("ASU 2018-15"). The purpose of ASU 2018-15 is to provide additional guidance on the accounting for costs of implementation activities performed in a cloud computing arrangement that is a service contract. This guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is still assessing the potential impact of ASU 2018-15 on the Company's condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement ("ASU 2018-13"). The purpose of ASU 2018-13 is to modify the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement. This guidance is effective for public companies for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years and requires both a prospective and retrospective approach to adoption based on amendment specifications. Early adoption of any removed or modified disclosures is permitted. Additional disclosures may be delayed until their effective date. The Company does not expect ASU 2018-13 to have a material impact on the Company's condensed consolidated financial statements. In July 2018, the FASB issued ASU No. 2018-09, Codification Improvements ("ASU 2018-09"). The purpose of ASU 2018-09 is to clarify, correct errors in, or make minor improvements to the Codification. Among other revisions, the amendments clarify that an entity should recognize excess tax benefits or tax deficiencies for share compensation expense that is taken on an entity’s tax return in the period in which the amount of the deduction is determined. This portion of the guidance is effective for public companies for fiscal years beginning after December 15, 2018 and requires a modified retrospective approach to adoption. The Company does not expect ASU 2018-09 to have a material impact on the Company's condensed consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). The purpose of ASU 2017-04 is to simplify the subsequent measurement of goodwill. The amendments modify the concept of impairment from the condition that exists when the carrying amount of goodwill exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. An entity no longer will determine goodwill impairment by calculating the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. This guidance is effective for public companies for goodwill impairment tests in fiscal years beginning after December 15, 2019. The Company is still assessing the potential impact of ASU 2017-04 on the Company's condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). ASU 2016-13 is intended to replace the incurred loss impairment methodology in current US GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates to improve the quality of information available to financial statement users about expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. For public entities, ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is still assessing the potential impact of ASU 2016-13 on the Company's condensed consolidated financial statements. The internal financial controls processes in place for the Company's loan loss reserve process are expected to be impacted. The Company expects to complete its analysis of the impact in 2018. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ("ASU 2016-02"). ASU 2016-02 is intended to improve the reporting of leasing transactions to provide users of financial statements with more decision-useful information. ASU 2016-02 will require organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases (“ASU 2018-10”), which clarifies certain matters in the codification with the intention to correct unintended application of the guidance. Also in July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (“ASU 2018-11”), which provides entities with an additional (and optional) transition method whereby the entity applies the new lease standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Additionally, under the new transition method, an entity’s reporting for the comparative periods presented in the financial statements in which it adopts the new lease standard will continue to be in accordance with current US GAAP (Topic 840, Leases). ASU 2016-02, as amended, is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company expects to adopt the transition method in ASU 2018-11 by applying the practical expedient prospectively and by using the retrospective approach at the beginning of the period of adoption through cumulative-effect adjustment. The Company is still assessing the potential impact of ASU 2016-02 on the Company's condensed consolidated financial statements. The Company is progressing as planned for implementation on January 1, 2019. The Company expects adoption of the standard to result in the recognition of significant additional right of use assets and liabilities for operating leases, but to not have a material impact on the Condensed Consolidated Statements of Operations.

Basis of Presentation and Acc_3

Basis of Presentation and Accounting Changes (Tables)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property, Plant and Equipment	The following table summarizes the components of net property and equipment. (Dollars in thousands) September 30, 2018 December 31, 2017 Property and equipment, gross $ 89,886 $ 69,927 Accumulated depreciation and amortization (53,148 ) (45,678 ) Property and equipment, net $ 36,738 $ 24,249

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Computation of earnings (loss) per share	The computation of earnings (loss) per share was as follows for three and nine months ended September 30, 2018 and 2017 : Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands, except share and per share amounts) 2018 2017 2018 2017 Numerator (basic): Net income (loss) $ (4,234 ) $ 590 $ 8,377 $ 5,278 Numerator (diluted): Net income (loss) $ (4,234 ) $ 590 $ 8,377 $ 5,278 Denominator (basic): Basic weighted average number of shares outstanding 43,182,208 41,717,231 42,653,947 31,211,084 Denominator (diluted): Basic weighted average number of shares outstanding 43,182,208 41,717,231 42,653,947 31,211,084 Effect of potentially dilutive securities: Employee share plans (options, RSUs and ESPP) — 1,441,284 1,700,429 1,449,453 Diluted weighted average number of shares outstanding 43,182,208 43,158,515 44,354,376 32,660,537 Basic and diluted earnings per share: Basic earnings (loss) per share $ (0.10 ) $ 0.01 $ 0.20 $ 0.17 Diluted earnings (loss) per share $ (0.10 ) $ 0.01 $ 0.19 $ 0.16

Loans Receivable and Revenue (T

Loans Receivable and Revenue (Tables)	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Revenue from consumer loans	Revenues generated from the Company’s consumer loans for the three and nine months ended September 30, 2018 and 2017 were as follows: Three Months Ended September 30, (Dollars in thousands) 2018 2017 Finance charges $ 119,147 $ 104,495 CSO fees 15,593 13,662 Lines of credit fees 65,676 52,261 Other 1,064 2,433 Total revenues $ 201,480 $ 172,851 Nine Months Ended September 30, (Dollars in thousands) 2018 2017 Finance charges $ 348,162 $ 294,436 CSO fees 44,029 42,526 Lines of credit fees 183,877 137,841 Other 3,326 4,886 Total revenues $ 579,394 $ 479,689
Schedule of loans receivable	The Company's portfolio consists of both installment loans and lines of credit, which are considered the portfolio segments at September 30, 2018 and December 31, 2017 . The following reflects the credit quality of the Company’s loans receivable as of September 30, 2018 and December 31, 2017 as delinquency status has been identified as the primary credit quality indicator. The Company classifies its loans as either current or past due. A customer in good standing may request a 16 day grace period when or before a payment becomes due and, if granted, the loan is considered current during the grace period. Installment loans and lines of credit are considered past due if a grace period has not been requested and a scheduled payment is not paid on its due date. All impaired loans that were not accounted for as a troubled debt restructuring ("TDR") as of September 30, 2018 and December 31, 2017 have been charged off. September 30, 2018 (Dollars in thousands) Rise and Sunny Elastic Total Current loans $ 275,678 $ 270,756 $ 546,434 Past due loans 58,156 25,306 83,462 Total loans receivable 333,834 296,062 629,896 Net unamortized loan premium — 2,502 2,502 Less: Allowance for loan losses (54,888 ) (34,534 ) (89,422 ) Loans receivable, net $ 278,946 $ 264,030 $ 542,976 December 31, 2017 (Dollars in thousands) Rise and Sunny Elastic Total Current loans $ 298,964 $ 237,797 $ 536,761 Past due loans 52,379 21,076 73,455 Total loans receivable 351,343 258,873 610,216 Net unamortized loan premium — 2,349 2,349 Less: Allowance for loan losses (59,076 ) (28,870 ) (87,946 ) Loans receivable, net $ 292,267 $ 232,352 $ 524,619
Changes in the allowance for loan losses	The changes in the allowance for loan losses for the three and nine months ended September 30, 2018 and 2017 are as follows: Three Months Ended September 30, 2018 (Dollars in thousands) Rise and Sunny Elastic Total Balance beginning of period $ 51,137 $ 29,394 $ 80,531 Provision for loan losses 75,653 38,243 113,896 Charge-offs (72,987 ) (35,832 ) (108,819 ) Recoveries of prior charge-offs 5,745 2,729 8,474 Effect of changes in foreign currency rates (150 ) — (150 ) Total 59,398 34,534 93,932 Accrual for CSO lender owned loans (4,510 ) — (4,510 ) Balance end of period $ 54,888 $ 34,534 $ 89,422 Three Months Ended September 30, 2017 (Dollars in thousands) Rise and Sunny Elastic Total Balance beginning of period $ 49,154 $ 20,686 $ 69,840 Provision for loan losses 64,396 31,807 96,203 Charge-offs (61,837 ) (26,727 ) (88,564 ) Recoveries of prior charge-offs 6,296 2,036 8,332 Effect of changes in foreign currency rates 258 — 258 Total 58,267 27,802 86,069 Accrual for CSO lender owned loans (5,097 ) — (5,097 ) Balance end of period $ 53,170 $ 27,802 $ 80,972 Nine Months Ended September 30, 2018 (Dollars in thousands) Rise and Sunny Elastic Total Balance beginning of period $ 64,919 $ 28,870 $ 93,789 Provision for loan losses 197,694 96,942 294,636 Charge-offs (220,181 ) (98,877 ) (319,058 ) Recoveries of prior charge-offs 17,316 7,599 24,915 Effect of changes in foreign currency rates (350 ) — (350 ) Total 59,398 34,534 93,932 Accrual for CSO lender owned loans (4,510 ) — (4,510 ) Balance end of period $ 54,888 $ 34,534 $ 89,422 Nine Months Ended September 30, 2017 (Dollars in thousands) Rise and Sunny Elastic Total Balance beginning of period $ 62,987 $ 19,389 $ 82,376 Provision for loan losses 174,250 77,043 251,293 Charge-offs (197,519 ) (74,022 ) (271,541 ) Recoveries of prior charge-offs 17,757 5,392 23,149 Effect of changes in foreign currency rates 792 — 792 Total 58,267 27,802 86,069 Accrual for CSO lender owned loans (5,097 ) — (5,097 ) Balance end of period $ 53,170 $ 27,802 $ 80,972
Troubled debt restructurings	The table below presents the Company's loans modified as TDRs as of September 30, 2018 and December 31, 2017: Installment loans and lines of credit (Dollars in thousands) September 30, 2018 December 31, 2017 Current outstanding investment $ 960 $ 2,661 Delinquent outstanding investment 1,795 2,445 Outstanding recorded investment 2,755 5,106 Less: Impairment (538 ) (459 ) Outstanding recorded investment, net of impairment $ 2,217 $ 4,647 The table below presents the Company's average outstanding recorded investment and interest income recognized on TDR loans for the three and nine months ended September 30, 2018 : Three Months Ended (Dollars in thousands) Installment loans and lines of credit Average outstanding recorded investment(1) $ 2,813 Interest income recognized $ 640 1. Simple average based on the number of days between the modification date and the earlier of the liquidation date or September 30, 2018. Nine Months Ended (Dollars in thousands) Installment loans and lines of credit Average outstanding recorded investment(1) $ 3,930 Interest income recognized $ 3,454 1. Simple average based on the number of days between the modification date and the earlier of the liquidation date or September 30, 2018. The following table summarizes the financial effects, excluding impacts related to credit loss allowance and impairment, of TDRs for the three and nine months ended September 30, 2018 : Three Months Ended (Dollars in thousands) Installment loans and lines of credit Outstanding recorded investment before TDR $ 1,752 Outstanding recorded investment after TDR 1,437 Total principal and interest forgiveness included in charge-offs within the Allowance for loan losses $ 315 Nine Months Ended (Dollars in thousands) Installment loans and lines of credit Outstanding recorded investment before TDR $ 6,850 Outstanding recorded investment after TDR 5,229 Total principal and interest forgiveness included in charge-offs within the Allowance for loan losses $ 1,621

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of the assets and liabilities of the VIE	The following table summarizes the assets and liabilities of the VIE that are included within the Company’s Condensed Consolidated Balance Sheets at September 30, 2018 and December 31, 2017 : (Dollars in thousands) September 30, December 31, ASSETS Cash and cash equivalents $ 14,377 $ 14,928 Loans receivable, net of allowance for loan losses of $34,534 and $28,869, respectively 264,030 232,353 Prepaid expenses and other assets ($64 and $50, respectively, eliminates upon consolidation) 168 50 Derivative asset at fair value (cost basis of $206 and $0, respectively) 587 — Receivable from payment processors 12,620 9,889 Total assets $ 291,782 $ 257,220 LIABILITIES AND SHAREHOLDER’S EQUITY Accounts payable and accrued liabilities ($5,305 and $7,606, respectively, eliminates upon consolidation) $ 15,713 $ 13,922 Deferred revenue 5,572 4,363 Reserve deposit liability ($35,250 and $31,200, respectively, eliminates upon consolidation) 35,250 31,200 Notes payable, net 234,867 207,735 Accumulated other comprehensive income 380 — Total liabilities and shareholder’s equity $ 291,782 $ 257,220

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Outstanding balance of notes payable, net of debt issuance costs	The outstanding balances of Notes payable, net of debt issuance costs, are as follows: (Dollars in thousands) September 30, December 31, US Term Note bearing interest at 3-month LIBOR +11% $ 240,000 $ 240,000 UK Term Note bearing interest at 3-month LIBOR + 14% (2018) + 16% (2017) 39,481 31,210 4th Tranche Term Note bearing interest at 3-month LIBOR + 13% (2018) + 17% (2017) 35,050 25,000 Convertible Term Notes bearing interest at 3-month LIBOR + 9% — 10,050 ESPV Term Note bearing interest at 3-month LIBOR + 12-13.5% 235,000 208,000 Debt discount and issuance costs (571 ) (965 ) Total $ 548,960 $ 513,295
Future debt maturities	Future debt maturities as of September 30, 2018 are as follows: Year (dollars in thousands) September 30, 2018 Remainder of 2018 $ — 2019 — 2020 — 2021 549,531 2022 — Total $ 549,531

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying value of acquired finite-lived intangible assets	The carrying value of acquired intangible assets as of September 30, 2018 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 946 (946 ) $ — Non-compete 3,404 (2,228 ) 1,176 Customers 126 (126 ) — Assets not subject to amortization: Domain names 680 — 680 Total $ 5,156 $ (3,300 ) $ 1,856 The carrying value of acquired intangible assets as of December 31, 2017 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 946 $ (946 ) $ — Non-compete 3,404 (1,961 ) 1,443 Customers 126 (126 ) — Assets not subject to amortization: Domain names 680 — 680 Total $ 5,156 $ (3,033 ) $ 2,123
Carrying value of acquired indefinite-lived intangible assets	The carrying value of acquired intangible assets as of September 30, 2018 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 946 (946 ) $ — Non-compete 3,404 (2,228 ) 1,176 Customers 126 (126 ) — Assets not subject to amortization: Domain names 680 — 680 Total $ 5,156 $ (3,300 ) $ 1,856 The carrying value of acquired intangible assets as of December 31, 2017 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 946 $ (946 ) $ — Non-compete 3,404 (1,961 ) 1,443 Customers 126 (126 ) — Assets not subject to amortization: Domain names 680 — 680 Total $ 5,156 $ (3,033 ) $ 2,123
Estimated amortization expense relating to intangible assets subject to amortization	Estimated amortization expense relating to intangible assets subject to amortization for each of the five succeeding fiscal years is as follows: Year (dollars in thousands) Amount 2019 $ 310 2020 120 2021 120 2022 120 2023 120

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of stock option activity	A summary of stock option activity as of and for the nine months ended September 30, 2018 is presented below: Stock Options Shares Weighted Average Weighted Average Remaining Contractual Life (in years) Outstanding at December 31, 2017 2,528,925 $ 4.48 Granted 89,731 6.27 Exercised (271,891 ) 3.67 Forfeited (16,598 ) 6.45 Outstanding at September 30, 2018 2,330,167 4.63 5.05 Options exercisable at September 30, 2018 2,172,363 $ 4.49 4.81
Summary of RSU activity	A summary of RSU activity as of and for the nine months ended September 30, 2018 is presented below: RSUs Shares Weighted Average Weighted Average Remaining Contractual Life (in years) Nonvested at December 31, 2017 2,784,524 $ 7.55 Granted 1,545,393 8.35 Vested (717,225 ) 7.56 Forfeited (246,730 ) 7.59 Nonvested at September 30, 2018 3,365,962 7.91 9.06 Expected to vest at September 30, 2018 2,650,330 $ 7.89 9.04

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of interest rate caps	The following tables summarize these interest rate caps as of and for the three and nine months ended September 30, 2018 (dollars in thousands): Contract date Maturity date Hedged interest rate payments' related note payable Strike rate Notional amount Fair value January 11, 2018 February 1, 2019 US Term Note 1.75 % $ 240,000 $ 652 January 11, 2018 February 1, 2019 ESPV Facility 1.75 % 216,000 586 $ 456,000 $ 1,238 Unrealized gains (losses) recognized in Accumulated other comprehensive income As of September 30, 2018 US Term Note interest rate cap $ 423 ESPV Facility interest rate cap 380 $ 803 Gains recognized in Interest expense Three months ended September 30, 2018 Nine months ended September 30, 2018 US Term Note interest rate cap $ 358 $ 766 ESPV Facility interest rate cap 322 690 $ 680 $ 1,456
Summary of the changes in derivative liability and interest rate caps	The changes in the Derivative liability for the three and nine months ended September 30, 2018 and 2017 are shown in the following table: (Dollars in thousands) Embedded Derivative Liability in Convertible Term Notes Balance, December 31, 2016 $ 1,750 Additional derivative recognized upon $15.0 million draw on the underlying Convertible Term Note 2,517 Fair value adjustment (Non-Operating expense in the Condensed Consolidated Statements of Operations) 133 Balance, March 31, 2017 $ 4,400 Reduction of derivative due to $14.9 million repayment of the underlying Convertible Term Note (Non-Operating expense in the Condensed Consolidated Statements of Operations) (2,746 ) Fair value adjustment (Non-Operating expense in the Condensed Consolidated Statements of Operations) 100 Balance, June 30, 2017 $ 1,754 Fair value adjustment (Non-Operating expense in the Condensed Consolidated Statements of Operations) 106 Balance, September 30, 2017 $ 1,860 Balance, December 31, 2017 $ 1,972 Settlement of derivative due to conversion of the underlying Convertible Term Note to 4 th Tranche Term Note (2,010 ) Fair value adjustment (Non-Operating expense in the Condensed Consolidated Statements of Operations) 38 Balance, March 31, 2018 $ — Balance, June 30, 2018 $ — Balance, September 30, 2018 $ —
Schedule of significant inputs and assumptions used in measuring the fair value	The ranges of significant inputs and assumptions used in measuring the fair value of the embedded derivative liability in the Convertible Term Notes as of December 31, 2017 were as follows: December 31, 2017 Expected life (months) 1 Conversion discount percentage N/A Floating rate 10.69% - 10.77% Risk-free rate 1.58 % Market yield 23.81 % Non-marketability discount N/A Non-marketability discount volatility N/A

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of income tax expense	Income tax expense for the three and nine months ended September 30, 2018 and 2017 consists of the following: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2018 2017 2018 2017 Current income tax expense (benefit): Federal $ — $ 72 $ (5 ) $ 227 State 117 (57 ) 150 359 Foreign — — 115 — Total current income tax expense 117 15 260 586 Deferred income tax expense (benefit): Federal (1,903 ) (3,029 ) 2,844 (2,464 ) State (402 ) (842 ) 502 (767 ) Stock options 41 (68 ) (213 ) (758 ) Deductible IPO costs — (55 ) — (859 ) R&D credits (1,062 ) — (1,857 ) — Total deferred income tax expense (benefit) (3,326 ) (3,994 ) 1,276 (4,848 ) Total income tax expense (benefit) $ (3,209 ) $ (3,979 ) $ 1,536 $ (4,262 )

Operating Segment Information (

Operating Segment Information (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Summary of the allocation of net revenues and long-lived assets based on geography	The following tables summarize the allocation of net revenues and long-lived assets based on geography: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2018 2017 2018 2017 Revenues United States $ 169,468 $ 146,904 $ 487,683 $ 403,990 United Kingdom 32,012 25,947 91,711 75,699 Total $ 201,480 $ 172,851 $ 579,394 $ 479,689 September 30, December 31, Long-lived assets United States $ 38,300 $ 29,317 United Kingdom 16,321 13,082 Total $ 54,621 $ 42,399

Related Parties (Tables)

Related Parties (Tables)	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Expenses related to board of directors	Expenses related to our board of directors, including board fees, travel reimbursements, share-based compensation, and a consulting arrangement with a related party for the three and nine months ended September 30, 2018 and 2017 are included in Professional services within the Condensed Consolidated Statements of Operations and were as follows: Three Months Ended September 30, (Dollars in thousands) 2018 2017 Fees and travel expenses $ 126 $ 134 Stock compensation 386 254 Consulting 75 75 Total board related expenses $ 587 $ 463 Nine Months Ended September 30, (Dollars in thousands) 2018 2017 Fees and travel expenses $ 410 $ 404 Stock compensation 897 582 Consulting 225 225 Total board related expenses $ 1,532 $ 1,211

Basis of Presentation and Acc_4

Basis of Presentation and Accounting Changes (Details) $ / shares in Units, $ in Thousands	Apr. 11, 2017USD ($)$ / sharesshares	Dec. 11, 2015$ / shares	Apr. 30, 2017shares	Sep. 30, 2018USD ($)$ / sharesshares	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)$ / sharesshares	Sep. 30, 2017USD ($)shares	Jan. 11, 2018derivative	Dec. 31, 2017$ / sharesshares
Class of Stock [Line Items]
Stock split of common shares	2.5	2.5	2.5
Common stock, shares authorized	300,000,000			300,000,000		300,000,000			300,000,000
Preferred stock, shares authorized	24,500,000			24,500,000		24,500,000			24,500,000
Preferred stock, par value (in usd per share) | $ / shares	$ 0.0004			$ 0.0004		$ 0.0004			$ 0.0004
Common stock, par value (in usd per share) | $ / shares	$ 0.001	$ 0.0004		$ 0.0004		$ 0.0004			$ 0.0004
Reclassification from Aoci to retained earnings, tax effects | $				$ 0	$ 0	$ 920	$ 0
Stock Option
Class of Stock [Line Items]
Vesting period	4 years					4 years
Common Stock
Class of Stock [Line Items]
2.5-for-1 common stock split (in shares)							8,459,109
Preferred stock, carrying value | $	$ 6						$ 6
Accumulated other comprehensive income
Class of Stock [Line Items]
Reclassification from Aoci to retained earnings, tax effects | $				$ 0		$ 920
Convertible Preferred Stock
Class of Stock [Line Items]
Convertible preferred stock converted (in shares)			5,639,410
Common Stock
Class of Stock [Line Items]
Convertible preferred stock, converted into (in shares)			14,098,519
Pre-Split Common Stock
Class of Stock [Line Items]
Convertible preferred stock, converted into (in shares)			5,639,410
IPO
Class of Stock [Line Items]
Shares issued and sold (in shares)	12,400,000
Shares issued and sold (in usd per share) | $ / shares	$ 6.50
Net proceeds from sale of stock | $	$ 80,200
Deferred offering costs | $					$ 6,700		$ 6,700
Underwriters Option
Class of Stock [Line Items]
Shares issued and sold (in shares)	1,860,000
Interest Rate Cap
Class of Stock [Line Items]
Number of derivative instruments held | derivative								2

Basis of Presentation and Acc_5

Basis of Presentation and Accounting Changes (Property, plant and equipment) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property and equipment, gross	$ 89,886	$ 69,927
Accumulated depreciation and amortization	(53,148)	(45,678)
Property and equipment, net	$ 36,738	$ 24,249

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details)	Apr. 11, 2017	Dec. 11, 2015	Apr. 30, 2017	Sep. 30, 2018shares	Sep. 30, 2017shares	Sep. 30, 2018shares	Sep. 30, 2017shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Stock split of common shares	2.5	2.5	2.5
Stock options
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive shares				2,323,839	777,275	131,859	420,324
RSUs
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive shares				3,360,382	27,057	699,318	1,196,858

Earnings Per Share - Computatio

Earnings Per Share - Computation of Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Numerator (basic):
Net income (loss)	$ (4,234)	$ 590	$ 8,377	$ 5,278
Numerator (diluted):
Net income (loss)	$ (4,234)	$ 590	$ 8,377	$ 5,278
Denominator (basic):
Basic weighted average number of shares outstanding	43,182,208	41,717,231	42,653,947	31,211,084
Denominator (diluted):
Basic weighted average number of shares outstanding	43,182,208	41,717,231	42,653,947	31,211,084
Effect of potentially dilutive securities:
Employee share plans (options, RSUs and ESPP) (in shares)	0	1,441,284	1,700,429	1,449,453
Diluted weighted average number of shares outstanding	43,182,208	43,158,515	44,354,376	32,660,537
Basic and diluted earnings per share:
Basic earnings per share (in usd per share)	$ (0.10)	$ 0.01	$ 0.20	$ 0.17
Diluted earnings per share (in usd per share)	$ (0.10)	$ 0.01	$ 0.19	$ 0.16

Loans Receivable and Revenue -

Loans Receivable and Revenue - Revenue from Consumer Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total revenues	$ 201,480	$ 172,851	$ 579,394	$ 479,689
Finance charges
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	119,147	104,495	348,162	294,436
CSO fees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	15,593	13,662	44,029	42,526
Lines of credit fees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	65,676	52,261	183,877	137,841
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total revenues	$ 1,064	$ 2,433	$ 3,326	$ 4,886

Loans Receivable and Revenue _2

Loans Receivable and Revenue - Schedule of Receivables (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, grace period before past due		16 days
Current loans		$ 546,434	$ 536,761
Past due loans		83,462	73,455
Total loans receivable		629,896	610,216
Net unamortized loan premium		2,502	2,349
Less: Allowance for loan losses		(89,422)	(87,946)
Loans receivable, net	[1]	542,976	524,619
Interest receivable		36,700	36,600
Rise and Sunny
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current loans		275,678	298,964
Past due loans		58,156	52,379
Total loans receivable		333,834	351,343
Net unamortized loan premium		0	0
Less: Allowance for loan losses		(54,888)	(59,076)
Loans receivable, net		278,946	292,267
Elastic
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current loans		270,756	237,797
Past due loans		25,306	21,076
Total loans receivable		296,062	258,873
Net unamortized loan premium		2,502	2,349
Less: Allowance for loan losses		(34,534)	(28,870)
Loans receivable, net		$ 264,030	$ 232,352
[1]	These balances include certain assets and liabilities of a variable interest entity (“VIE”) that can only be used to settle the liabilities of that VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIE. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entity.

Loans Receivable and Revenue _3

Loans Receivable and Revenue - Allowance for Loan Losses (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance beginning of period		$ 80,531	$ 69,840	$ 93,789	$ 82,376
Provision for loan losses		113,896	96,203	294,636	251,293
Charge-offs		(108,819)	(88,564)	(319,058)	(271,541)
Recoveries of prior charge-offs		8,474	8,332	24,915	23,149
Effect of changes in foreign currency rates		(150)	258	(350)	792
Total						$ 93,932		$ 86,069
Accrual for CSO lender owned loans		(4,510)	(5,097)	(4,510)	(5,097)
Balance end of period		89,422	80,972	89,422	80,972
Estimated losses		(80,531)	(69,840)	(93,789)	(82,376)	(89,422)	$ (93,789)	(80,972)
Lines of credit to customers	[1]					542,976	524,619
Rise and Sunny
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance beginning of period		51,137	49,154	64,919	62,987
Provision for loan losses		75,653	64,396	197,694	174,250
Charge-offs		(72,987)	(61,837)	(220,181)	(197,519)
Recoveries of prior charge-offs		5,745	6,296	17,316	17,757
Effect of changes in foreign currency rates		(150)	258	(350)	792
Total						59,398		58,267
Accrual for CSO lender owned loans		(4,510)	(5,097)	(4,510)	(5,097)
Balance end of period		54,888	53,170	54,888	53,170
Estimated losses		(51,137)	(49,154)	(64,919)	(62,987)	(54,888)	(64,919)	(53,170)
Lines of credit to customers						278,946	292,267
Elastic
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance beginning of period		29,394	20,686	28,870	19,389
Provision for loan losses		38,243	31,807	96,942	77,043
Charge-offs		(35,832)	(26,727)	(98,877)	(74,022)
Recoveries of prior charge-offs		2,729	2,036	7,599	5,392
Effect of changes in foreign currency rates		0	0	0	0
Total						34,534		27,802
Accrual for CSO lender owned loans		0	0	0	0
Balance end of period		34,534	27,802	34,534	27,802
Estimated losses		(29,394)	$ (20,686)	(28,870)	$ (19,389)	(34,534)	(28,870)	$ (27,802)
Lines of credit to customers						264,030	232,352
CSO fees
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance beginning of period				5,800
Balance end of period		4,500		4,500
Estimated losses		$ (4,500)		$ (5,800)		(4,500)	(5,800)
Lines of credit to customers						$ 41,400	$ 45,500
[1]	These balances include certain assets and liabilities of a variable interest entity (“VIE”) that can only be used to settle the liabilities of that VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIE. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entity.

Loans Receivable and Revenue _4

Loans Receivable and Revenue - Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Dec. 31, 2017
Receivables [Abstract]
Outstanding recorded investment before TDR	$ 1,752	$ 6,850
Outstanding recorded investment after TDR	1,437	5,229
Total principal and interest forgiveness included in charge-offs within the Allowance for loan losses	315	1,621
Average outstanding recorded investment	2,813	3,930
Interest income recognized	640	3,454
Current outstanding investment	960	960	$ 2,661
Delinquent outstanding investment	1,795	1,795	2,445
Outstanding recorded investment	2,755	2,755	5,106
Less: Impairment	(538)	(538)	(459)
Outstanding recorded investment, net of impairment	2,217	$ 2,217	$ 4,647
Threshold period past due for write-off		60 days
Troubled debt restructurings, subsequently defaulted during the year	1,300	$ 8,400
Troubled debt restructurings, commitments to lend funds	$ 100	$ 100

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details)	9 Months Ended
	Sep. 30, 2018entity
Variable Interest Entity [Line Items]
Variable interest entity, number of entities	4
Credit Services Organization Lenders
Variable Interest Entity [Line Items]
Variable interest entity, number of entities	3
Elastic SPV, Ltd. | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Loan purchase interest percentage	90.00%

Variable Interest Entities - Su

Variable Interest Entities - Summary of Assets and Liabilities (Details) - USD ($) $ in Thousands		Sep. 30, 2018		Dec. 31, 2017		Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents		$ 54,794	[1]	$ 41,142	[1]	$ 53,473	$ 53,574
Loans receivable, net of allowance for loan losses of $34,534 and $28,869, respectively	[1]	542,976		524,619
Prepaid expenses and other assets ($64 and $50, respectively, eliminates upon consolidation)	[1]	13,217		10,306
Derivative asset at fair value (cost basis of $206 and $0, respectively)	[1]	1,238		0
Receivable from payment processors	[1]	28,519		21,126
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities ($5,305 and $7,606, respectively, eliminates upon consolidation)	[1]	44,955		42,213
Deferred revenue	[1]	30,639		33,023
Notes payable, net	[1]	548,960		513,295
Accumulated other comprehensive income	[1]	1,083		2,003
Loans receivable, allowance		89,422		87,946
Derivative assets, cost basis		436		0
Variable Interest Entity, Primary Beneficiary
ASSETS
Cash and cash equivalents		14,377		14,928
Loans receivable, net of allowance for loan losses of $34,534 and $28,869, respectively		264,030		232,353
Prepaid expenses and other assets ($64 and $50, respectively, eliminates upon consolidation)		168		50
Derivative asset at fair value (cost basis of $206 and $0, respectively)		587		0
Receivable from payment processors		12,620		9,889
Total assets		291,782		257,220
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities ($5,305 and $7,606, respectively, eliminates upon consolidation)		15,713		13,922
Deferred revenue		5,572		4,363
Reserve deposit liability ($35,250 and $31,200, respectively, eliminates upon consolidation)		35,250		31,200
Notes payable, net		234,867		207,735
Accumulated other comprehensive income		380		0
Total liabilities and shareholder’s equity		291,782		257,220
Loans receivable, allowance		34,534		28,869
Derivative assets, cost basis		206		0
Consolidation, Eliminations | Variable Interest Entity, Primary Beneficiary
ASSETS
Prepaid expenses and other assets ($64 and $50, respectively, eliminates upon consolidation)		64		50
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities ($5,305 and $7,606, respectively, eliminates upon consolidation)		5,305		7,606
Reserve deposit liability ($35,250 and $31,200, respectively, eliminates upon consolidation)		$ 35,250		$ 31,200
[1]	These balances include certain assets and liabilities of a variable interest entity (“VIE”) that can only be used to settle the liabilities of that VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIE. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entity.

Notes Payable - Narrative (Deta

Notes Payable - Narrative (Details)	9 Months Ended
	Sep. 30, 2018debt_facility
VPC
Debt Instrument [Line Items]
Number of debt facilities	2

Notes Payable - VPC Facility (D

Notes Payable - VPC Facility (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt	$ 549,531,000
US Term Note | Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 240,000,000	$ 240,000,000
US Term Note | Line of Credit | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	11.00%
US Term Note | Term Notes | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing amount	$ 350,000,000
Blended interest rate	12.75%	12.64%
Long-term debt	$ 240,000,000
US Term Note | Term Notes | Line of Credit | 3-month LIBOR
Debt Instrument [Line Items]
Basis rate, floor	1.00%
Basis spread on variable rate	11.00%
UK Term Note | Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 39,481,000	$ 31,210,000
UK Term Note | Line of Credit | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	14.00%	16.00%
UK Term Note | Term Notes | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing amount	$ 48,000,000	$ 48,000,000
Blended interest rate	16.32%	17.64%
UK Term Note | Term Notes | Line of Credit | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	14.00%	16.00%
4th Tranche Term Note | Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 35,050,000	$ 25,000,000
4th Tranche Term Note | Line of Credit | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	13.00%	17.00%
4th Tranche Term Note | Term Notes | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing amount	$ 35,050,000	$ 25,000,000
Blended interest rate	15.32%	18.64%
Effective interest rate (at the greater of)		18.00%
4th Tranche Term Note | Term Notes | Line of Credit | 3-month LIBOR
Debt Instrument [Line Items]
Basis rate, floor	1.00%	1.00%
Basis spread on variable rate	13.00%	17.00%
Convertible Term Note | Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 10,050,000
Convertible Term Note | Line of Credit | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	9.00%
Convertible Term Note | Convertible Term Notes | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing amount	$ 0	$ 10,100,000
Blended interest rate		10.64%
Effective interest rate (at the greater of)		10.00%
Convertible Term Note | Convertible Term Notes | Line of Credit | 3-month LIBOR
Debt Instrument [Line Items]
Basis rate, floor		1.00%
Basis spread on variable rate		9.00%
US Term Note, August 13, 2018 Maturity Date | Line of Credit
Debt Instrument [Line Items]
Line of credit outstanding	$ 75,000,000

Notes Payable - 2017 Convertibl

Notes Payable - 2017 Convertible Term Notes (Details) $ in Thousands, shares in Millions	Jan. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Sep. 30, 2018USD ($)shares	Sep. 30, 2017USD ($)
Debt Instrument [Line Items]
Repayments of debt			$ 0	$ 84,950
Line of Credit | Convertible Term Note
Debt Instrument [Line Items]
Present value of the embedded redemption feature			6,250
Redemption premium feature, cash redemption value			5,000
Debt discount released			2,000
Amount waived of redemption premium feature			3,000
Repayments of debt		$ 14,900	$ 14,900
Debt exit premium	$ 2,000
Probability Weighted Valuation Technique
Debt Instrument [Line Items]
IPO stock price multiplier			0.8
VPC
Debt Instrument [Line Items]
Shares issued and sold (in shares) | shares			2.3
Net proceeds from sale of stock			$ 14,900

Notes Payable - ESPV Facility (

Notes Payable - ESPV Facility (Details) - USD ($)	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt	$ 549,531,000
Line of Credit | ESPV Facility
Debt Instrument [Line Items]
Maximum borrowing amount	$ 250,000,000
Blended interest rate	14.60%	14.45%
Line of Credit | ESPV Facility | 3-month LIBOR
Debt Instrument [Line Items]
Basis rate, floor	1.00%
Decrease in base rates	1.00%
Line of Credit | ESPV Facility | 3-month LIBOR | Outstanding balance up to $50 Million
Debt Instrument [Line Items]
Basis spread on variable rate	13.00%
Line of Credit | ESPV Facility | 3-month LIBOR | Outstanding balance greater than $50 Million up to $100 Million
Debt Instrument [Line Items]
Basis spread on variable rate	12.00%
Line of Credit | ESPV Facility | 3-month LIBOR | Outstanding balance greater than $100 Million up to $150 Million
Debt Instrument [Line Items]
Basis spread on variable rate	13.50%
Line of Credit | ESPV Facility | 3-month LIBOR | Outstanding amounts greater than $150 Million
Debt Instrument [Line Items]
Basis spread on variable rate	12.75%
Line of Credit | ESPV Term Note, August 13, 2018 Maturity Date
Debt Instrument [Line Items]
Long-term debt	$ 49,000,000
Minimum | Line of Credit | ESPV Facility | Outstanding balance greater than $50 Million up to $100 Million
Debt Instrument [Line Items]
Line of credit outstanding	50,000,000
Minimum | Line of Credit | ESPV Facility | Outstanding balance greater than $100 Million up to $150 Million
Debt Instrument [Line Items]
Line of credit outstanding	100,000,000
Minimum | Line of Credit | ESPV Facility | Outstanding amounts greater than $150 Million
Debt Instrument [Line Items]
Line of credit outstanding	150,000,000
Maximum | Line of Credit | ESPV Facility | Outstanding balance up to $50 Million
Debt Instrument [Line Items]
Line of credit outstanding	50,000,000
Maximum | Line of Credit | ESPV Facility | Outstanding balance greater than $50 Million up to $100 Million
Debt Instrument [Line Items]
Line of credit outstanding	100,000,000
Maximum | Line of Credit | ESPV Facility | Outstanding balance greater than $100 Million up to $150 Million
Debt Instrument [Line Items]
Line of credit outstanding	150,000,000
Interest Rate Cap | Line of Credit | ESPV Facility
Debt Instrument [Line Items]
Long-term debt	$ 216,000,000

Notes Payable - Schedule of Deb

Notes Payable - Schedule of Debt (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt		$ 549,531
Debt discount and issuance costs		(571)	$ (965)
Total	[1]	548,960	513,295
Line of Credit | US Term Note
Debt Instrument [Line Items]
Long-term debt		$ 240,000	240,000
Line of Credit | US Term Note | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		11.00%
Line of Credit | UK Term Note
Debt Instrument [Line Items]
Long-term debt		$ 39,481	$ 31,210
Line of Credit | UK Term Note | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		14.00%	16.00%
Line of Credit | 4th Tranche Term Note
Debt Instrument [Line Items]
Long-term debt		$ 35,050	$ 25,000
Line of Credit | 4th Tranche Term Note | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		13.00%	17.00%
Line of Credit | Convertible Term Note
Debt Instrument [Line Items]
Long-term debt		$ 0	$ 10,050
Line of Credit | Convertible Term Note | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		9.00%
Line of Credit | ESPV Term Note
Debt Instrument [Line Items]
Long-term debt		$ 235,000	$ 208,000
Line of Credit | ESPV Term Note | 3-month LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		12.00%
Line of Credit | ESPV Term Note | 3-month LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		13.50%
[1]	These balances include certain assets and liabilities of a variable interest entity (“VIE”) that can only be used to settle the liabilities of that VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIE. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entity.

Notes Payable - Future Debt Mat

Notes Payable - Future Debt Maturities (Details) $ in Thousands	Sep. 30, 2018USD ($)
Maturities of Long-term Debt [Abstract]
Remainder of 2018	$ 0
2,019	0
2,020	0
2,021	549,531
2,022	0
Total	$ 549,531

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 16,027,000		$ 16,027,000		$ 16,027,000
Goodwill, period increase (decrease)	0		0
Goodwill deductible for tax purposes	500,000		500,000
Finite-lived intangible assets, net	1,856,000		1,856,000		$ 2,123,000
Amortization expense	144,000	$ 45,000	$ 267,000	$ 136,000
Weighted average remaining amortization period for the intangible assets			5 years 6 months
Non-compete
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 304,000		$ 304,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, accumulated amortization	$ (3,300)	$ (3,033)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible assets, cost	5,156	5,156
Intangible assets, net	1,856	2,123
Domain names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	680	680
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, cost	946	946
Finite-lived intangible assets, accumulated amortization	(946)	(946)
Finite-lived intangible assets, net	0	0
Non-compete
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, cost	3,404	3,404
Finite-lived intangible assets, accumulated amortization	(2,228)	(1,961)
Finite-lived intangible assets, net	1,176	1,443
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible assets, net	304
Customers
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, cost	126	126
Finite-lived intangible assets, accumulated amortization	(126)	(126)
Finite-lived intangible assets, net	$ 0	$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Sep. 30, 2018USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,019	$ 310
2,020	120
2,021	120
2,022	120
2,023	$ 120

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 2.4	$ 1.6	$ 6	$ 4.4
2016 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for issuance (in shares)	6,474,914		6,474,914
Plan expiration period			10 years
Shares available for grant (in shares)	845,986		845,986

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Option Activity (Details) - Stock Option - USD ($) $ / shares in Units, $ in Millions	Apr. 11, 2017	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation contractual term		P10Y
Vesting period	4 years	4 years
Stock Option Activity
Options outstanding (in shares)		2,528,925
Options granted (in shares)		89,731
Options exercised (in shares)		(271,891)
Options forfeited (in shares)		(16,598)
Options outstanding (in shares)		2,330,167
Options exercisable at (in shares)		2,172,363
Stock Options, Weighted Average Exercise Price
Options Outstanding, Weighted Average Exercise Price (in usd per share)		$ 4.48
Options Granted, Weighted Average Exercise Price (in usd per share)		6.27
Options Exercised, Weighted Average Exercise Price (in usd per share)		3.67
Options Forfeited, Weighted Average Exercise Price (in usd per share)		6.45
Options Outstanding, Weighted Average Exercise Price (in usd per share)		4.63
Options exercisable, Weighted Average Exercise Price (in usd per share)		$ 4.49
Options Outstanding, Weighted Average Remaining Contractual Life		5 years 17 days
Options exercisable, Weighted Average Remaining Contractual Life		4 years 9 months 22 days
Unrecognized compensation cost related to non-vested stock		$ 0.4
Unrecognized compensation, weighted average period for recognition		1 year 10 months 7 days
Total intrinsic value of options exercised		$ 1.2

Share-Based Compensation - RSU

Share-Based Compensation - RSU Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended
	Jan. 31, 2018	Sep. 30, 2018
Weighted Average Grant Date Fair Value
Aggregate intrinsic value of vested RSUs		$ 216
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value (in usd per share)		$ 8.35
Nonvested Restricted Stock Unit Activity
Nonvested (in shares)	2,784,524	2,784,524
Granted (in shares)		1,545,393
Vested (in shares)		(717,225)
Forfeited (in shares)		(246,730)
Nonvested (in shares)		3,365,962
Expected to vest (in shares)		2,650,330
Weighted Average Grant Date Fair Value
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)	$ 7.55	$ 7.55
Granted, Weighted Average Grant Date Fair Value (in usd per share)		8.35
Vested, Weighted Average Grant Date Fair Value (in usd per share)		7.56
Forfeited, Weighted Average Grant Date Fair Value (in usd per share)		7.59
Nonvested, Weighted Average Grant Date Fair Value (in usd per share)		7.91
Expected to vest (in usd per share)		$ 7.89
Nonvested, Weighted Average Remaining Contractual Life		9 years 23 days
Expected to vest, Weighted Average Remaining Contractual Life		9 years 13 days
Unrecognized compensation		$ 17,700
Unrecognized compensation, weighted average period for recognition		2 years 10 months 19 days
Vesting date fair value of RSUs		$ 5,400
Aggregate intrinsic value of vested RSUs		$ 21,400
Inducement Award Restricted Stock Units | Certain employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value (in usd per share)	$ 7.44
Nonvested Restricted Stock Unit Activity
Granted (in shares)	67,204
Weighted Average Grant Date Fair Value
Granted, Weighted Average Grant Date Fair Value (in usd per share)	$ 7.44
Stock compensation contractual term	P10Y
Inducement Award Restricted Stock Units | Vesting as of first anniversary | Certain employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25.00%
Inducement Award Restricted Stock Units | Vesting each year after first anniversary date | Certain employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25.00%
2016 Omnibus Incentive Plan | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value (in usd per share)		$ 8.39
Weighted Average Grant Date Fair Value
Granted, Weighted Average Grant Date Fair Value (in usd per share)		$ 8.39
2016 Omnibus Incentive Plan | RSUs | Vesting as of first anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		25.00%
2016 Omnibus Incentive Plan | RSUs | Vesting each year after first anniversary date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		25.00%

Share-Based Compensation - Empl

Share-Based Compensation - Employee Stock Purchase Plan (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 2,400,000	$ 1,600,000	$ 6,000,000	$ 4,400,000
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized and reserved for the Employee Stock Purchase Plan (in shares)	946,655		946,655
Number of shares reserved for the Employee Stock Purchase Plan (in shares)	804,750		804,750
Number of shares purchased under the Employee Stock Purchase Plan (in shares)			61,996
Stock based compensation expense	$ 147,000	$ 166,000	$ 415,000	$ 166,000

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - Interest Rate Cap $ in Thousands	Jan. 16, 2018USD ($)	Jan. 11, 2018derivative
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number of derivative instruments held | derivative		2
US Term Note
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cost of derivative hedge fixed premiums	$ 719
ESPV Facility
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cost of derivative hedge fixed premiums	$ 648

Fair Value Measurements - Inter

Fair Value Measurements - Interest Rate Caps (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Dec. 31, 2017
Derivative [Line Items]
Notional amount	$ 436	$ 436	$ 0
Interest Rate Cap
Derivative [Line Items]
Notional amount	456,000	456,000
Fair value	$ 1,238	1,238
Unrealized gains (losses) recognized in Accumulated other comprehensive income		$ 803
Interest Rate Cap | US Term Note
Derivative [Line Items]
Strike rate	1.75%	1.75%
Notional amount	$ 240,000	$ 240,000
Fair value	$ 652	652
Unrealized gains (losses) recognized in Accumulated other comprehensive income		$ 423
Interest Rate Cap | ESPV Facility
Derivative [Line Items]
Strike rate	1.75%	1.75%
Notional amount	$ 216,000	$ 216,000
Fair value	586	586
Unrealized gains (losses) recognized in Accumulated other comprehensive income		380
Interest Rate Cap | Interest expense
Derivative [Line Items]
Gains recognized in Interest expense	680	1,456
Interest Rate Cap | Interest expense | US Term Note
Derivative [Line Items]
Gains recognized in Interest expense	358	766
Interest Rate Cap | Interest expense | ESPV Facility
Derivative [Line Items]
Gains recognized in Interest expense	$ 322	$ 690

Fair Value Measurements - Chang

Fair Value Measurements - Changes in Derivative Liability and Interest Rate Caps (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Mar. 31, 2018	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Sep. 30, 2018	Sep. 30, 2017
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Repayments of debt					$ 0	$ 84,950
Embedded Derivative Liability in Convertible Term Notes
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,972	$ 1,754	$ 4,400	$ 1,750	1,972	1,750
Additional derivative recognized upon $15.0 million draw on the underlying Convertible Term Note				2,517
Fair value adjustment (Non-Operating expense in the Condensed Consolidated Statements of Operations)	38	106	100	133
Settlement of derivative due to conversion of the underlying Convertible Term Note to 4th Tranche Term Note	(2,010)		2,746
Ending balance	$ 0	$ 1,860	1,754	4,400	0	$ 1,860
Convertible Term Note | Line of Credit
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Draw on the convertible term notes				$ 15,000
Repayments of debt			$ 14,900		$ 14,900

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Assumptions (Details) - Probability Weighted Valuation Technique	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] (Deprecated 2018-01-31)
Cumulative probability for the company’s successful achievement of an IPO, percentage	75.00%
Probability that the convertible term notes will be required to be redeemed at their maturation, percentage	90.00%
Convertible Term Notes | Fair Value, Inputs, Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] (Deprecated 2018-01-31)
Expected life (months)		1 month
Convertible Term Notes | Risk-free rate | Fair Value, Inputs, Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] (Deprecated 2018-01-31)
Measurement input		0.0158
Convertible Term Notes | Market yield | Fair Value, Inputs, Level 3
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] (Deprecated 2018-01-31)
Measurement input		0.2381
Convertible Term Notes | Floating rate | London Interbank Offered Rate (LIBOR) | Minimum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] (Deprecated 2018-01-31)
Measurement input		0.1069
Convertible Term Notes | Floating rate | London Interbank Offered Rate (LIBOR) | Maximum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] (Deprecated 2018-01-31)
Measurement input		0.1077

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Current income tax expense (benefit):
Federal	$ 0	$ 72	$ (5)	$ 227
State	117	(57)	150	359
Foreign	0	0	115	0
Total current income tax expense	117	15	260	586
Deferred income tax expense (benefit):
Federal	(1,903)	(3,029)	2,844	(2,464)
State	(402)	(842)	502	(767)
Stock options	41	(68)	(213)	(758)
Deductible IPO costs	0	(55)	0	(859)
R&D credits	(1,062)	0	(1,857)	0
Total deferred income tax expense (benefit)	(3,326)	(3,994)	1,276	(4,848)
Total income tax expense (benefit)	$ (3,209)	$ (3,979)	$ 1,536	$ (4,262)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Adjustment to provisional amounts related to tax reform	$ 0		$ 50
Impact of adjustment to provisional amounts related to tax reform			0.00%
Effective tax rates			15.00%	419.00%
Cash effective tax rate			1.00%
Operating income (loss)	12,692	$ 13,442	$ 69,037	$ 50,391		$ 71,000	$ 48,000
Percentage of improvement of operating income (loss) over prior period			37.00%
Minimum
Operating Loss Carryforwards [Line Items]
Look forward period			3 years
Maximum
Operating Loss Carryforwards [Line Items]
Look forward period			5 years
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Effective tax rates			10.00%	153.00%
Operating loss carryforwards	43,400		$ 43,400			0
Operating income (loss)						$ (4,500)	$ (10,400)
Percentage of improvement of operating income (loss) over prior period						57.00%
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 59,400		$ 59,400			$ 59,400
Subsequent Event | Scenario, Forecast | Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Percentage of Net Operating Loss Usage					13.00%

Commitments Contingencies and_2

Commitments Contingencies and Guarantees (Details) - USD ($)		Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Estimated litigation liability		$ 947,000
Lines of credit to customers	[1]	542,976,000	$ 524,619,000
Lease agreement term					7 years
Lease, letter of credit					$ 500,000
Lease, annual reduction of letter credit					100,000
Lessee, letter of credit, minimum balance					$ 100,000
Cash balance securing letter of credit		1,593,000	1,595,000	$ 1,640,000		$ 1,785,000
Letter of Credit
Loans and Leases Receivable Disclosure [Line Items]
Cash balance securing letter of credit		500,000	500,000
Elastic Product | Unfunded Credit Lines
Loans and Leases Receivable Disclosure [Line Items]
Lines of credit to customers		254,600,000	198,900,000
Rise Product | Unfunded Credit Lines
Loans and Leases Receivable Disclosure [Line Items]
Lines of credit to customers		$ 9,400,000	$ 3,500,000
[1]	These balances include certain assets and liabilities of a variable interest entity (“VIE”) that can only be used to settle the liabilities of that VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIE. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entity.

Operating Segment Information_2

Operating Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)segment	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			1
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 201,480	$ 172,851	$ 579,394	$ 479,689
Long-lived assets	54,621		54,621		$ 42,399
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	169,468	146,904	487,683	403,990
Long-lived assets	38,300		38,300		29,317
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	32,012	$ 25,947	91,711	$ 75,699
Long-lived assets	$ 16,321		$ 16,321		$ 13,082

Related Parties (Details)

Related Parties (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Rent and utility expense	$ 4,553,000	$ 3,227,000	$ 13,302,000	$ 10,003,000
Total payments	0	0	0	42,000
Accounts payable to related parties	119,000		119,000		$ 65,000
Affiliated Entity
Related Party Transaction [Line Items]
Operating expenses	587,000	463,000	1,532,000	1,211,000
Affiliated Entity | Fees and travel expenses
Related Party Transaction [Line Items]
Operating expenses	126,000	134,000	410,000	404,000
Affiliated Entity | Stock compensation
Related Party Transaction [Line Items]
Operating expenses	386,000	254,000	897,000	582,000
Affiliated Entity | Consulting
Related Party Transaction [Line Items]
Operating expenses	75,000	75,000	225,000	225,000
Affiliated Entity | Think Finance
Related Party Transaction [Line Items]
Rent and utility expense	233,000	$ 219,000	818,000	$ 678,000
Accounts payable to related parties	$ 45,000		$ 45,000		$ 95,000

Uncategorized Items - elvt-2018

Label	Element	Value
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	$ 0