Elevate Credit (ELVT) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Aug. 05, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-37680
Entity Registrant Name	ELEVATE CREDIT, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-4714474
Entity Address, Address Line One	4150 International Plaza,
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Fort Worth,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76109
City Area Code	(817)
Local Phone Number	928-1500
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Title of 12(b) Security	Common Shares, $0.0004 par value
Trading Symbol	ELVT
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		40,788,816
Entity Central Index Key	0001651094
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	[1]	$ 167,735	$ 71,215
Restricted cash		2,135	2,235
Loans receivable, net of allowance for loan losses of $59,438 and $79,912, respectively	[1]	373,024	542,073
Prepaid expenses and other assets	[1]	9,492	6,737
Operating lease right of use assets		9,286	10,191
Receivable from CSO lenders		3,854	8,696
Receivable from payment processors	[1]	6,603	8,681
Deferred tax assets, net		22,887	8,784
Property and equipment, net		36,686	35,944
Goodwill, net		6,776	6,776
Intangible assets, net		1,193	1,253
Assets from discontinued operations (see Note 13)		0	81,002
Total assets		639,671	783,587
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities (See Note 14)	[1]	25,404	38,679
Operating lease liabilities		13,207	14,352
Income taxes payable		235	0
Deferred revenue	[1]	5,310	12,087
Notes payable, net (See Note 14)	[1]	438,174	525,439
Liabilities from discontinued operations (see Note 13)		1,209	36,541
Total liabilities		483,539	627,098
COMMITMENTS, CONTINGENCIES AND GUARANTEES (Note 12)
STOCKHOLDERS’ EQUITY
Preferred stock; $0.0004 par value; 24,500,000 authorized shares; None issued and outstanding at June 30, 2020 and December 31, 2019.		0	0
Common stock; $0.0004 par value; 300,000,000 authorized shares; 44,960,438 and 44,445,736 issued; 42,007,167 and 43,676,826 outstanding, respectively		18	18
Additional paid-in capital		198,188	193,061
Treasury stock; at cost; 2,953,271 and 768,910 shares of common stock, respectively		(7,955)	(3,344)
Accumulated deficit		(34,119)	(34,342)
Accumulated other comprehensive income, net of tax benefit of $0 and $1,353, respectively	[1]	0	1,096
Total stockholders’ equity		156,132	156,489
Total liabilities and stockholders’ equity		$ 639,671	$ 783,587
[1]	These balances include certain assets and liabilities of variable interest entities (“VIEs”) that can only be used to settle the liabilities of that respective VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIEs. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entities.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Loans receivable, allowance	$ 59,438	$ 79,912
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	44,960,438	44,445,736
Common stock, shares outstanding	42,007,167	43,676,826
Accumulated other comprehensive (loss) income, tax benefit	$ 0	$ 1,353
Treasury stock, common stock shares	2,953,271	768,910

CONDENSED CONSOLIDATED INCOME S

CONDENSED CONSOLIDATED INCOME STATEMENTS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenues	$ 117,991	$ 150,374	$ 280,458	$ 310,440
Cost of sales:
Provision for loan losses	41,477	68,282	120,052	143,637
Direct marketing costs	344	11,074	11,313	18,271
Other cost of sales	1,607	2,508	4,277	4,786
Total cost of sales	43,428	81,864	135,642	166,694
Gross profit	74,563	68,510	144,816	143,746
Operating expenses:
Compensation and benefits	16,844	21,938	40,318	44,139
Professional services	8,471	7,686	16,397	15,864
Selling and marketing	904	1,460	1,858	2,552
Occupancy and equipment	4,843	4,013	9,479	7,835
Depreciation and amortization	4,529	3,955	8,825	7,811
Other	907	1,505	1,978	2,622
Total operating expenses	36,498	40,557	78,855	80,823
Operating income	38,065	27,953	65,961	62,923
Other expense:
Net interest expense (See Note 14)	(12,177)	(16,936)	(25,833)	(34,936)
Non-operating loss	(1,422)	0	(5,685)	0
Total other expense	(13,599)	(16,936)	(31,518)	(34,936)
Income from continuing operations before taxes	24,466	11,017	34,443	27,987
Income tax expense	8,373	2,634	10,428	8,649
Net income from continuing operations	16,093	8,383	24,015	19,338
Net loss from discontinued operations	(7,540)	(2,611)	(20,373)	(208)
Net income	$ 8,553	$ 5,772	$ 3,642	$ 19,130
Basic income per share
Continuing operations (in usd per share)	$ 0.38	$ 0.19	$ 0.56	$ 0.44
Discontinued operations (in usd per share)	(0.18)	(0.06)	(0.47)	0
Basic earnings per share (in usd per share)	0.20	0.13	0.09	0.44
Diluted income per share
Continuing operations (in usd per share)	0.38	0.19	0.56	0.44
Discontinued operations (in usd per share)	(0.18)	(0.06)	(0.47)	(0.01)
Diluted earnings per share (in usd per share)	$ 0.20	$ 0.13	$ 0.09	$ 0.43
Basic weighted average shares outstanding (in shares)	42,182,412	43,681,159	42,673,879	43,514,862
Diluted weighted average shares outstanding (in shares)	42,511,808	44,291,816	43,090,730	44,142,947

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 8,553	$ 5,772	$ 3,642	$ 19,130
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustment, net of tax of $0 and $1 for the three months ended 2020 and 2019, respectively, and $(14) and $(1) for the six months ended 2020 and 2019, respectively	(58)	(724)	(2,061)	(59)
Reclassification to Net loss from discontinued operations, net of tax of $1,369 and $0 for the three and six months ended 2020 and 2019, respectively	965	0	965	0
Change in derivative valuation, net of tax of $0 and $(95) for the three and six months ended 2020 and 2019, respectively	0	0	0	(208)
Total other comprehensive (loss) income, net of tax	907	(724)	(1,096)	(267)
Total comprehensive income	$ 9,460	$ 5,048	$ 2,546	$ 18,863

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax expense (tax benefit)	$ 0	$ 1	$ (14)	$ (1)
Reclassification of net loss from cumulative translation adjustments, tax benefit	1,369	0	1,369	0
Change in derivative valuation, tax expense (benefit)	$ 0	$ (95)	$ 0	$ (95)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional paid-in capital	Treasury Stock	Accumulated deficit	Accumulated other comprehensive income (loss)	United States	United StatesAdditional paid-in capital	United Kingdom	United KingdomAdditional paid-in capital
Balance at beginning (in shares) at Dec. 31, 2018		0	43,329,262		0
Balance at beginning at Dec. 31, 2018	$ 116,791	$ 0	$ 18	$ 183,244	$ 0	$ (66,525)	$ 54
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation								$ 4,922	$ 4,922	$ (11)	$ (11)
Exercise of stock options (in shares)			25,000
Exercise of stock options	81			81
Vesting of restricted stock units (in shares)			677,343
Vesting of restricted stock units	(1,211)			(1,211)
ESPP shares issued (in shares)			142,267
ESPP shares issued	498			498
Tax benefit of equity issuance costs	(2)			(2)
Comprehensive loss:
Foreign currency translation adjustment, net of tax of $0 and $1 for the three months ended 2020 and 2019, respectively, and $(14) and $(1) for the six months ended 2020 and 2019, respectively	(59)						(59)
Change in derivative valuation net of tax benefit of $(95)	(208)						(208)
Net income from continuing operations	19,338					19,338
Net loss from discontinued operations	(208)					(208)
Balance at end (in shares) at Jun. 30, 2019		0	44,173,872		0
Balance at ending at Jun. 30, 2019	139,931	$ 0	$ 18	187,521	$ 0	(47,395)	(213)
Balance at beginning (in shares) at Dec. 31, 2019		0	43,676,826		768,910
Balance at beginning at Dec. 31, 2019	156,489	$ 0	$ 18	193,061	$ (3,344)	(34,342)	1,096
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	5,347			5,347						$ 45	$ 45
Exercise of stock options (in shares)			34,185
Exercise of stock options	(51)			(51)
Vesting of restricted stock units (in shares)			199,933
Vesting of restricted stock units	(567)			(567)
ESPP shares issued (in shares)			280,584
ESPP shares issued	353			353
Comprehensive loss:
Foreign currency translation adjustment, net of tax of $0 and $1 for the three months ended 2020 and 2019, respectively, and $(14) and $(1) for the six months ended 2020 and 2019, respectively	(2,061)
Foreign currency translation adjustment net of tax of $1,355	(1,096)						(1,096)
Treasury stock reissued for RSUs vesting (in shares)			785,218		785,218
Treasury stock reissued for RSUs vesting	0				$ 3,419	(3,419)
Treasury stock acquired (in shares)			2,969,579		2,969,579
Treasury stock acquired	(8,030)				$ (8,030)
Net income from continuing operations	24,015					24,015
Net loss from discontinued operations	(20,373)					(20,373)
Balance at end (in shares) at Jun. 30, 2020		0	42,007,167		2,953,271
Balance at ending at Jun. 30, 2020	$ 156,132	$ 0	$ 18	$ 198,188	$ (7,955)	$ (34,119)	$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Statement of Stockholders' Equity [Abstract]
Foreign currency translation adjustment, tax expense (tax benefit)	$ (14)
Change in derivative valuation, tax expense (benefit)	0
Foreign currency translation adjustment, tax expense (tax benefit)	$ 1,355

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020		Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 3,642		$ 19,130
Less: Net loss from discontinued operations, net of tax	(20,373)		(208)
Net income from continuing operations	24,015		19,338
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	8,825		7,812
Provision for loan losses	120,052		143,637
Share-based compensation	5,347		4,922
Amortization of debt issuance costs	343		278
Amortization of loan premium	2,740		2,981
Amortization of derivative assets	0		108
Amortization of operating leases	(239)		145
Deferred income tax expense, net	10,096		8,117
Non-operating loss	5,685		0
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(3,219)		(186)
Income taxes payable	700		0
Receivables from payment processors	2,077		(612)
Receivables from CSO lenders	4,842		5,937
Interest receivable	(26,124)		(32,109)
State and other taxes payable	(91)		232
Deferred revenue	(6,226)		(9,583)
Accounts payable and accrued liabilities	(17,579)		1,461
Net cash provided by continuing operating activities	131,244		152,478
Net cash provided by discontinued operating activities	1,335		16,949
Net cash provided by operating activities	132,579		169,427
CASH FLOWS FROM INVESTING ACTIVITIES:
Loans receivable originated or participations purchased	(307,170)		(484,601)
Principal collections and recoveries on loans receivable	379,791		387,529
Participation premium paid	(2,036)		(2,491)
Purchases of property and equipment	(9,508)		(9,750)
Net cash provided by (used in) continuing investing activities	61,077		(109,313)
Net cash provided by (used in) discontinued investing activities	9,457		(18,016)
Net cash provided by (used in) investing activities	70,534		(127,329)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable	6,500		27,000
Payments of notes payable	(94,000)		(60,000)
Debt issuance costs paid	(108)		(2,598)
Debt prepayment costs paid	0		(850)
ESPP shares issued	354		498
Common stock repurchased	(8,030)		0
Proceeds from stock option exercises	27		81
Taxes paid related to net share settlement of equity awards	(644)		(1,211)
Net cash used in continuing financing activities	(95,901)		(37,080)
Net cash used in discontinued financing activities	(16,310)		0
Net cash used in financing activities	(112,211)		(37,080)
Net increase in cash, cash equivalents and restricted cash	90,902		5,018
Less: increase in cash, cash equivalents and restricted cash from discontinued operations	5,518		1,067
Change in cash, cash equivalents and restricted cash from continuing operations	96,420		6,085
Cash and cash equivalents, beginning of period	71,215	[1]	48,349
Restricted cash, beginning of period	2,235		2,535
Cash, cash equivalents and restricted cash, beginning of period	73,450		50,884
Cash and cash equivalents, end of period	167,735	[1]	54,535
Restricted cash, end of period	2,135		2,435
Cash, cash equivalents and restricted cash, end of period	169,870		56,970
Supplemental cash flow information:
Interest paid	25,531		34,611
Taxes paid	50		338
Non-cash activities:
CSO fees charged-off included in Deferred revenues and Loans receivable	630		3,432
CSO fees on loans paid-off prior to maturity included in Receivable from CSO lenders and Deferred revenue	33		127
Annual membership fee included in Deferred revenues and Loans receivable	113		126
Reissuances of Treasury stock	3,419		0
Changes in fair value of interest rate caps	0		304
Tax benefit of equity issuance costs included in Additional paid-in capital	0		2
Impact of deferred tax asset included in Other comprehensive income	1,354		0
Leasehold improvements allowance included in Property and equipment, net	0		439
Lease incentive allowance included in Accounts payable and accrued expenses	0		3,720
Operating lease right of use assets recognized	0		13,399
Operating lease liabilities recognized	$ 0		$ 17,556
[1]	These balances include certain assets and liabilities of variable interest entities (“VIEs”) that can only be used to settle the liabilities of that respective VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIEs. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entities.

Basis of Presentation and Accou

Basis of Presentation and Accounting Changes	6 Months Ended
	Jun. 30, 2020
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, lines of credit and credit cards in the United States (the “US”). The Company’s products, Rise, Elastic and Today Card, 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 United Kingdom ("UK"), the Company previously offered unsecured installment loans via the internet through its wholly owned subsidiary, Elevate Credit International Limited, (“ECIL”) under the brand name of Sunny. On June 29, 2020, ECIL entered into administration in accordance with the provisions of the UK Insolvency Act 1986 and pursuant to a resolution of the board of directors of ECIL. The onset of Coronavirus Disease 2019 ("COVID-19") coupled with the lack of clarity within the UK regulatory environment led to the decision to place ECIL into administration. The management, business, affairs and property of ECIL have been placed into the direct control of the appointed administrators, KPMG LLP. Accordingly, the Company deconsolidated ECIL as of June 29, 2020 and presents ECIL's results as discontinued operations for all periods presented. See Note 13—Discontinued Operations for more information regarding the presentation of ECIL. Basis of Presentation The accompanying unaudited condensed consolidated financial statements as of June 30, 2020 and for the three and six month periods ended June 30, 2020 and 2019 include the accounts of the Company, its wholly owned subsidiaries and variable interest entities ("VIEs") where the Company is the primary beneficiary. 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, 2019 in the Company's Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission ("SEC") on February 14, 2020. 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 six months ended June 30, 2020 are not necessarily indicative of the results to be expected for the full year. Reclassifications Certain amounts in the prior periods presented herein have been reclassified to conform to the current period financial statement presentation. The Company does not believe that these reclassifications have a material impact on the consolidated financial statements. The Company reclassified $605 thousand to Accounts payable and accrued liabilities with an offset to Income taxes payable related to December 31, 2019 state and other taxes payable. Correction of Immaterial Errors in Previously-Issued Financial Statements The Company has corrected immaterial errors in its presentation of total comprehensive income for the three months ended June 30, 2019. The Company determined that the historical presentation was in error because it presented the quarter-to-date foreign currency translation adjustment, net of tax as increasing total comprehensive income when it was decreasing total comprehensive income. The presentation of the year-to-date total comprehensive income was not impacted. The Company corrected the foreign currency translation adjustment, net of tax to be ($724) thousand , a correction which lowered total comprehensive income by $1.4 million . The Company concluded the error was immaterial to the unaudited Condensed Consolidated Financial Statements included in the Company's Quarterly Report on Form 10-Q for the three and six months ended June 30, 2019 and has revised its Condensed Consolidated Financial Statements for the three months ended June 30, 2019 presented in this Form 10-Q. A summary of the correction is below. (Dollars in thousands) Three Months Ended June 30, 2019 As reported: Foreign currency translation adjustment, net of tax of $(1) $ 724 Total other comprehensive income, net of tax 724 Total comprehensive income $ 6,496 As corrected: Foreign currency translation adjustment, net of tax of $1 $ (724 ) Total other comprehensive income, net of tax (724 ) Total comprehensive income $ 5,048 Reclassification of Accumulated Other Comprehensive Income to Net Income For the three and six months ended June 30, 2020 , the Company reclassified a $2.3 million net loss from cumulative translation adjustments within Accumulated other comprehensive income to Net loss from discontinued operations as part of the Company's loss on disposal related to the placement of ECIL into administration. In addition, a $1.4 million deferred tax benefit was reclassified to remove the associated deferred tax asset as part of this transaction. For the six months ended June 30, 2019 , the Company and ESPV utilized interest rate caps to offset interest rate fluctuations in the Company's and ESPV's future interest payments on certain of their Notes payable. Effective gains or losses related to these cash flow hedges were reported in Accumulated other comprehensive income and reclassified into earnings, through interest expense, in the period or periods in which the hedged transactions affected earnings. The Company recorded a $0.3 million gain related to the maturation of the interest rate caps in the six months ended June 30, 2019 . See Note 9—Fair Value for additional information on these cash flow hedges. 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, operating lease right of use assets, operating lease liabilities 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. Revenue Recognition The Company recognizes consumer loan fees as revenues for each of the loan products it offers. Revenues on the Condensed Consolidated Income Statements include: finance charges, lines of credit fees, fees for services provided through CSO programs (“CSO fees”), and interest, as well as any other fees or charges permitted by applicable laws and pursuant to the agreement with the borrower. The Company also records revenues related to the sale of customer applications to unrelated third parties. These applications are sold with the customer’s consent in the event that the Company or its CSO lenders are unable to offer the customer a loan. Revenue is recognized at the time of the sale. Other revenues also include marketing and licensing fees received from the originating lender related to the Elastic product and Rise bank-originated loans and from CSO fees related to the Rise product. Revenues related to these fees are recognized when the service is performed. The Company accrues finance charges on installment loans on a constant yield basis over their terms. The Company accrues and defers fixed charges such as CSO fees and lines of credit fees when they are assessed and recognizes them to earnings as they are earned over the life of the loan. The Company accrues interest on credit cards based on the amount of the outstanding credit card balance and the related contractual interest rate. Credit card membership fees are amortized to revenue over the card membership period. Other credit card fees, such as late payment fees and returned payment fees, are accrued when assessed. The Company does not accrue finance charges and other fees on installment loans or lines of credit for which payment is greater than 60 days past due. Credit card interest charges are recognized based on the contractual provisions of the underlying arrangements and are not accrued when payment is past due by more than 90 days. 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. Credit cards have a grace period of 25 days and are considered delinquent after the grace period. Payments received on past due loans are applied against the loan and accrued interest balance to bring the loan current. Payments are generally first applied to accrued fees and interest and then to the principal loan balance. In March 2020, the outbreak of the novel coronavirus (“COVID-19”) was recognized as a pandemic by the World Health Organization, and the spread of COVID-19 has created a global public health crisis that has resulted in unprecedented disruption to businesses and economies. In response to the pandemic's effects, and in accordance with federal and state guidelines, the Company expanded its payment flexibility programs for its customers, including payment deferrals. This program allows for a deferral of payments for an initial period of 30 to 60 days, and up to a maximum of 180 days on a cumulative basis. A customer will return to the normal payment schedule after the end of the deferral period with the extension of the maturity date equivalent to the deferral period, which is not to exceed an additional 180 days. The finance charges will continue to accrue at a lower effective interest rate over the expected term of the loan as adjusted for the deferral period provided (not to exceed an amount greater than the amount at which the borrower could settle the loan) or placed on non-accrual status. The Company’s business is affected by seasonality, which can cause significant changes in portfolio size and profit margins from quarter to quarter. Although this seasonality does not impact the Company’s policies for revenue recognition, it does generally impact the Company’s results of operations by potentially causing an increase in its profit margins in the first quarter of the year and decreased margins in the second through fourth quarters. Installment Loans, Lines of Credit and Credit Cards Installment loans, lines of credit and credit cards, including receivables for finance charges, fees and interest, are unsecured and reported as Loans receivable, net of allowance for loan losses on the Condensed Consolidated Balance Sheets. Installment loans are multi-payment loans that require the pay-down of portions of the outstanding principal balance in multiple installments through the Rise brand. Line of credit accounts include customer cash advances made through the Rise brand in two states and the Elastic brand. Credit cards represent credit card balances, uncollected billed interest and fees through the Today Card brand. All outstanding balances, allowance for loan losses, and revenues for the Today Card were immaterial in 2019 and for the six months ended June 30, 2020 . The Company offers Rise installment and line of credit products directly to customers. Elastic lines of credit, Rise bank-originated installment loans and Today credit card receivables represent participation interests acquired from third-party lenders through a wholly owned subsidiary or by a VIE. Based on agreements with the third-party lenders, the VIEs pay a loan premium on the participation interests. The loan premium is amortized over the expected life of the outstanding loan amount. See Note 4—Variable Interest Entities for more information regarding these participation interests in Rise and Elastic receivables. The Company considers impaired loans as accounts over 60 days past due (for installment loans and lines of credit) or 120 days past due (for credit cards), or loans which become uncollectible based on information that the Company becomes aware of (e.g., receipt of customer bankruptcy notice). The impaired loans are charged-off at the time that they are deemed to be uncollectible. A modification of finance receivable terms is considered a troubled debt restructuring ("TDR") if the borrower is experiencing financial difficulty and the Company grants a concession it would not otherwise have considered to a borrower. The Company typically considers TDRs to include all installment and line of credit loans that were modified by granting principal and interest forgiveness or by extension of the maturity date for more than 60 days as a part of a loss mitigation strategy. On March 22, 2020, federal and state banking regulators issued a joint statement on working with customers affected by COVID-19 (the "Interagency Statement"). The Interagency Statement includes guidance on accounting for loan modifications. In accordance with the Interagency Statement, the Company has elected to not recognize modified loans as TDRs if the borrower was both not more than 30 days past due as of March 1, 2020 and the modification stems from the effects of the COVID-19 outbreak. The minor modifications offered by the Company to borrowers that meet both qualifications may include payment deferrals less than six months , interest or fee waivers, extensions of payment terms or delays in payment. If the borrower was not current at March 1, 2020, the Company offers similar modifications that are considered TDRs. This election is applicable from March 1, 2020 until the earlier of 60 days following the date the COVID-19 national emergency comes to an end or December 31, 2020. Operating Segments 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 the Company's operating results monthly on a consolidated basis. The Company has one reportable segment, which provides online financial services for non-prime consumers. 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. With the disposal of ECIL, all of the Company's assets and revenue are in one geographic location, therefore, segment reporting based on geography has been discontinued. 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) June 30, 2020 December 31, 2019 Property and equipment, gross $ 110,187 $ 100,766 Accumulated depreciation and amortization (73,501 ) (64,822 ) Property and equipment, net $ 36,686 $ 35,944 Goodwill and Indefinite Lived Intangible Assets Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In accordance with Accounting Standards Codification ("ASC") 350-20-35, Goodwill— Subsequent Measurement, the Company performs a quantitative approach method impairment review of goodwill and intangible assets with an indefinite life annually at October 1 and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Prior to 2019, the Company performed this test at October 31. The Company completed its annual test as of October 1, 2019 and determined that there was no evidence of impairment of goodwill or indefinite lived intangible assets. As a result of the recent global economic impact and uncertainty due to COVID-19, the Company concluded a triggering event had occurred as of March 31, 2020, and accordingly, performed interim impairment testing on the goodwill balances of its reporting units. The Company performed a detailed qualitative and quantitative assessment of each reporting unit and concluded that the goodwill associated with the previously consolidated UK reporting unit was impaired as the fair value of the UK reporting unit was less than its carrying amount. The impairment loss of $9.3 million is included in Loss from discontinued operations due to the deconsolidation of ECIL. While there was a decline in the fair value of the Elastic reporting unit, there was no impairment identified during the quantitative assessment. The Company has $6.8 million of goodwill (all related to the Elastic reporting unit) remaining on the Condensed Consolidated Balance Sheets as of June 30, 2020 . Prior to the adoption of ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"), the Company’s impairment evaluation of goodwill was already based on comparing the fair value of the Company’s reporting units to their carrying value. The adoption of ASU 2017-04 as of January 1, 2020 had no impact on the Company's evaluation procedures. The fair value of the reporting units is determined based on a weighted average of the income and market approaches. The income approach establishes fair value based on estimated future cash flows of the reporting units, discounted by an estimated weighted-average cost of capital developed using the capital asset pricing model, which reflects the overall level of inherent risk of the reporting units. The income approach uses the Company’s projections of financial performance for a six - to nine -year period and includes assumptions about future revenues growth rates, operating margins and terminal values. The market approach establishes fair value by applying cash flow multiples to the reporting units’ operating performance. The multiples are derived from other publicly traded companies that are similar but not identical to the Company from an operational and economic standpoint. Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in Operating lease right of use (“ROU”) assets and Operating lease liabilities on our Condensed Consolidated Balance Sheets. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. As most of our leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. The operating lease ROU asset may also include initial direct costs incurred and excludes any lease payments made and lease incentives. The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components. The lease and non-lease components are accounted for as a single lease component. Treasury Stock The Company evaluates each stock repurchase transaction in the period in which it is completed. If the repurchase transaction is significantly in excess of the current market price at purchase, the Company will identify whether the price paid included payment for other agreements, rights, and privileges. Repurchase transactions that do not contain these elements or are not significantly in excess of the current market price at purchase are accounted for using the cost method. The Company anticipates using its treasury stock to fulfill certain employee stock compensation grants and settlements. The Company has elected to use a first in, first out ("FIFO") method for assigning share cost at reissuance. Any gain or loss in the stock value will be credited or charged to paid in capital upon subsequent reissuance of the shares, with losses in excess of previously recognized gains charged to retained earnings. The Company is not obligated to purchase or reissue any shares at any time in accordance with its previously disclosed share repurchase plan. Recently Adopted Accounting Standards 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 elected to adopt the transition method in ASU 2018-11 by applying the practical expedient prospectively at January 1, 2019. The Company also elected to apply the optional practical expedient package to not reassess existing or expired contracts for lease components, lease classification or initial direct costs. The adoption of ASU 2016-02, as amended, resulted in the recognition of approximately $11.5 million right of use assets and $15.4 million liabilities for operating leases, of which $10.3 million and $14.2 million related to continuing operations, respectively. ASU 2016-02 did not have a material impact on the Company's Condensed Consolidated Income Statements. In July 2019, the FASB issued Accounting Standards Update ("ASU") No. 2019-07, Codification Updates to SEC Sections ("ASU 2019-07"). The purpose of ASU 2019-07 is to amend various SEC paragraphs pursuant to the issuance of SEC Final Rule Releases No. 33-10532, Disclosure Update and Simplification , and Nos. 33-10231 and 33-10442, Investment Company Reporting Modernization . Among other revisions, the amendments reduce duplication and clarify the inclusion of comprehensive income. The Company has adopted all of the amendments of ASU 2019-07 as of July 2019 with no impact to the Company's condensed consolidated financial statements. 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. The Company elected to adopt this ASU prospectively as of January 1, 2020 and has implemented a control structure to identify cloud computing arrangements for appropriate accounting treatment similar to its procedures for right of use assets. ASU 2018-15 did not have a material impact 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 adoption of ASU 2018-13 at January 1, 2020 did not 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 has adopted all of the amendments of ASU 2017-04 as of January 2020 with no impact to the Company's condensed consolidated financial statements. The Company used the simplified subsequent measurement requirements per ASU 2017-04 in its impairment analysis. In March 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was enacted in response to COVID-19. Among other things, the CARES Act provides income tax relief inclusive of permitting NOL carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The Company has reviewed the tax relief provisions of the CARES Act regarding its eligibility and determined that the impact is likely to be insignificant with regard to its effective tax rate. The Company continues to monitor and evaluate its eligibility for the CARES Act tax relief provisions to identify any that may become applicable in the future. Accounting Standards to be Adopted in Future Periods In March 2020, the FASB issued Accounting Standards Update ("ASU") No. 2020-03, Codification Improvements to Financial Instruments ("ASU 2020-03"). The purpose of ASU 2020-03 is to clarify, correct errors in or make minor improvements to the codification. Among other revisions, the amendments clarify that an entity should record an allowance for credit losses when an entity regains control of financial assets sold in accordance with Topic 326. ASU 2020-03 also clarifies disclosure requirements for debt securities under Topic 942 and affirms that all entities are required to provide the fair value option disclosures within paragraphs 825-10-50-24 through 50-32 of the codification. The amendments in this update are effective on the latter of the issuance of ASU 2020-03 or the effective date of their related topic. The Company does not anticipate the adoption of ASU 2020-03 to have a material impact on the Company's condensed consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). The purpose of ASU 2020-04 is to provide optional guidance for a period of time related to accounting for reference rate reform on financial reporting. It is intended to reduce the potential burden of reviewing contract modifications related to discontinued rates. The amendments and expedients in this update are effective as of March 12, 2020 through December 31, 2022 and may be elected by topic. The Company is assessing the potential impact of electing all or portions of ASU 2020-04 on the Company's condensed consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU 2019-12"). The purpose of ASU 2019-12 is to reduce complexity in the accounting standards for income taxes by removing certain exceptions as well as clarifying certain allocations. This update also addresses the split recognition of franchise taxes that are partially based on income between income-based tax and non-income-based tax. This guidance is effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is still assessing the potential impact of ASU 2019-12 on the Company's condensed consolidated financial statements. In June 2016, the FASB issued 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. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments ("ASU 2019-04"). This amendment clarifies the guidance in ASU 2016-13. The guidance in ASU 2016-13 was further clarified by ASU No. 2019-11, Codification Improvements to Topic 326, Financial Instruments ("ASU 2019-11") issued in November 2019. ASU 2019-11 provides transition relief such as permitting entities an accounting policy election regarding existing TDRs, among other things. In May 2019, the FASB issued ASU No. 2019-05, Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief ("ASU 2019-05"). The purpose of this amendment is to provide entities that have certain instruments within the scope of Subtopic 326-20, Financial Instruments-Credit Losses-Measured at Amortized Cost, with an option to irrevocably elect the fair value option in Subtopic 825-10, Financial Instruments-Overall , on an instrument-by-instrument basis. Election of this option is intended to increase comparability of financial statement information and reduce costs for certain entities to comply with ASU 2016-13. For public entities, ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2019, the FASB issued ASU No. 2019-10, Financial Instruments - Credit Losses (To

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Basic earnings per share ("EPS") is computed by dividing net income 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 June 30, 2020 and 2019 . Diluted EPS is computed by dividing net income by the WASO during each period plus any unvested stock option awards granted, vested unexercised stock options and unvested restricted stock units ("RSUs") using the treasury stock method but only to the extent that these instruments dilute earnings per share. The computation of earnings per share was as follows for three and six months ended June 30, 2020 and 2019 : Three Months Ended Six Months Ended (Dollars in thousands, except share and per share amounts) 2020 2019 2020 2019 Numerator (basic and diluted): Net income from continuing operations $ 16,093 $ 8,383 $ 24,015 $ 19,338 Net loss from discontinued operations (7,540 ) (2,611 ) (20,373 ) (208 ) Net income $ 8,553 $ 5,772 $ 3,642 $ 19,130 Denominator (basic): Basic weighted average number of shares outstanding 42,182,412 43,681,159 42,673,879 43,514,862 Denominator (diluted): Basic weighted average number of shares outstanding 42,182,412 43,681,159 42,673,879 43,514,862 Effect of potentially dilutive securities: Employee share plans (options, RSUs and ESPP) 329,396 610,657 416,851 628,085 Diluted weighted average number of shares outstanding 42,511,808 44,291,816 43,090,730 44,142,947 Basic and diluted earnings per share: Continuing operations $ 0.38 $ 0.19 $ 0.56 $ 0.44 Discontinued operations (0.18 ) (0.06 ) (0.47 ) — Basic earnings per share $ 0.20 $ 0.13 $ 0.09 $ 0.44 Continuing operations $ 0.38 $ 0.19 $ 0.56 $ 0.44 Discontinued operations (0.18 ) (0.06 ) (0.47 ) (0.01 ) Diluted earnings per share $ 0.20 $ 0.13 $ 0.09 $ 0.43 For the three months ended June 30, 2020 and 2019 , the Company excluded the following potential common shares from its diluted earnings per share calculation because including these shares would be anti-dilutive: • 2,189,205 and 1,482,143 common shares issuable upon exercise of the Company's stock options; and • 3,887,556 and 2,470,870 common shares issuable upon vesting of the Company's RSUs. For the six months ended June 30, 2020 and 2019 , the Company excluded the following potential common shares from its diluted earnings per share calculation because including these shares would be anti-dilutive: • 1,517,926 and 1,622,111 common shares issuable upon exercise of the Company's stock options; and • 3,780,963 and 3,415,118 common shares issuable upon vesting of the Company's RSUs.

Loans Receivable and Revenue

Loans Receivable and Revenue	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans Receivable and Revenue	LOANS RECEIVABLE AND REVENUE Revenues generated from the Company’s consumer loans for the three and six months ended June 30, 2020 and 2019 were as follows: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Finance charges $ 71,565 $ 80,292 $ 167,730 $ 161,469 CSO fees 3,967 10,092 11,308 23,800 Lines of credit fees 42,271 59,317 100,844 124,050 Other 188 673 576 1,121 Total revenues $ 117,991 $ 150,374 $ 280,458 $ 310,440 The Company's portfolio consists of both installment loans and lines of credit, which are considered the portfolio segments for all periods presented. The Rise product is primarily installment loans with lines of credit offered in two states. The Elastic product is a line of credit product. In November of 2018, the Company expanded a test launch of the Today Card, a credit card product. Balances and activity for the Today Card as of and for the six months ended June 30, 2020 and 2019 were not material. The following reflects the credit quality of the Company’s loans receivable as of June 30, 2020 and December 31, 2019 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 up to a 16 -day grace period when or before a payment becomes due and, if granted, the loan is considered current during the grace period. In response to the COVID-19 pandemic, the Company, along with the banks it supports, has also expanded existing payment flexibility programs to provide temporary payment relief to certain customers who meet the program’s qualifications. These programs allow for a deferral of payments for an initial period of 30 to 60 days, which the Company may extend for an additional 30 days, for a maximum of 180 days on a cumulative basis. A customer will return to the normal payment schedule after the end of the deferral period, with the extension of the maturity date equivalent to the deferral period, which is not to exceed an additional 180 days. Customers that were 30 days past due or less as of March 1, 2020 or the date the customer requested the deferral are considered current. Customers more than 30 days past due as of March 1, 2020 or the date the customer requested the deferral are considered delinquent. As of June 30, 2020 , 12.5% of customers have been provided relief through a COVID-19 payment deferral program for a total of $50.7 million in loans with deferred payments . We believe the Allowance for loan losses is adequate to absorb the losses inherent in the portfolio as of June 30, 2020 . Installment loans, lines of credit and credit cards not impacted by COVID 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 TDR as of June 30, 2020 and December 31, 2019 have been charged off. June 30, 2020 (Dollars in thousands) Rise Elastic(1) Total Current loans $ 237,252 $ 171,652 $ 408,904 Past due loans 15,568 6,600 22,168 Total loans receivable 252,820 178,252 431,072 Net unamortized loan premium 142 1,248 1,390 Less: Allowance for loan losses (39,458 ) (19,980 ) (59,438 ) Loans receivable, net $ 213,504 $ 159,520 $ 373,024 December 31, 2019 (Dollars in thousands) Rise Elastic(1) Total Current loans $ 307,406 $ 243,380 $ 550,786 Past due loans 46,386 22,395 68,781 Total loans receivable 353,792 265,775 619,567 Net unamortized loan premium 290 2,128 2,418 Less: Allowance for loan losses (50,019 ) (29,893 ) (79,912 ) Loans receivable, net $ 304,063 $ 238,010 $ 542,073 (1) Includes immaterial balances related to the Today Card. Total loans receivable includes approximately $21.5 million and $6.1 million of loans in a non-accrual status at June 30, 2020 and December 31, 2019 , respectively. Additionally, total loans receivable includes approximately $25.6 million and $33.0 million of interest receivable at June 30, 2020 and December 31, 2019 , 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 six months ended June 30, 2020 and 2019 are as follows: Three Months Ended June 30, 2020 (Dollars in thousands) Rise Elastic(1) Total Balance beginning of period $ 51,707 $ 26,053 $ 77,760 Provision for loan losses 27,007 14,470 41,477 Charge-offs (41,993 ) (22,355 ) (64,348 ) Recoveries of prior charge-offs 3,893 1,812 5,705 Total 40,614 19,980 60,594 Accrual for CSO lender owned loans (1,156 ) — (1,156 ) Balance end of period $ 39,458 $ 19,980 $ 59,438 Three Months Ended June 30, 2019 (Dollars in thousands) Rise Elastic(1) Total Balance beginning of period $ 39,350 $ 28,341 $ 67,691 Provision for loan losses 43,013 25,269 68,282 Charge-offs (46,078 ) (30,452 ) (76,530 ) Recoveries of prior charge-offs 5,108 3,321 8,429 Total 41,393 26,479 67,872 Accrual for CSO lender owned loans (1,983 ) — (1,983 ) Balance end of period $ 39,410 $ 26,479 $ 65,889 Six Months Ended June 30, 2020 (Dollars in thousands) Rise Elastic(1) Total Balance beginning of period $ 52,099 $ 29,893 $ 81,992 Provision for loan losses 81,576 38,476 120,052 Charge-offs (102,130 ) (52,669 ) (154,799 ) Recoveries of prior charge-offs 9,069 4,280 13,349 Total 40,614 19,980 60,594 Accrual for CSO lender owned loans (1,156 ) — (1,156 ) Balance end of period $ 39,458 $ 19,980 $ 59,438 Six Months Ended June 30, 2019 (Dollars in thousands) Rise Elastic(1) Total Balance beginning of period $ 50,597 $ 36,050 $ 86,647 Provision for loan losses 88,806 54,831 143,637 Charge-offs (107,897 ) (70,012 ) (177,909 ) Recoveries of prior charge-offs 9,887 5,610 15,497 Total 41,393 26,479 67,872 Accrual for CSO lender owned loans (1,983 ) — (1,983 ) Balance end of period $ 39,410 $ 26,479 $ 65,889 (1) Includes immaterial balances related to the Today Card. As of June 30, 2020 and December 31, 2019 , estimated losses of approximately $1.2 million and $2.1 million for the CSO owned loans receivable guaranteed by the Company of approximately $7.4 million and $19.6 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/or 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, unless excluded by policy. 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. The following table summarizes the financial effects, excluding impacts related to credit loss allowance and impairment, of TDRs for the three and six months ended June 30, 2020 and 2019 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Outstanding recorded investment before TDR $ 489 $ 5,152 $ 6,917 $ 13,496 Outstanding recorded investment after TDR 457 4,734 6,562 12,063 Total principal and interest forgiveness included in charge-offs within the Allowance for loan losses $ 32 $ 418 $ 355 $ 1,433 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 six months ended June 30, 2020 and 2019 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Average outstanding recorded investment(1) $ 13,266 $ 11,943 $ 13,914 $ 12,050 Interest income recognized $ 2,522 $ 3,265 $ 6,252 $ 4,849 1. Simple average as of June 30, 2020 and 2019, respectively. The table below presents the Company's loans modified as TDRs as of June 30, 2020 and December 31, 2019 : (Dollars in thousands) 2020 2019 Current outstanding investment $ 9,558 $ 11,313 Delinquent outstanding investment 1,408 5,549 Outstanding recorded investment 10,966 16,862 Less: Impairment included in Allowance for loan losses (1,624 ) (4,414 ) Outstanding recorded investment, net of impairment $ 9,342 $ 12,448 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 loan restructurings accounted for as TDRs that subsequently defaulted of approximately $3.4 million and $2.4 million for the three months ended June 30, 2020 and 2019 , respectively, and $9.3 million and $6.8 million for the six months ended June 30, 2020 and 2019 , respectively. The Company had commitments to lend additional funds of approximately $3.0 million to customers with available and unfunded lines of credit as of June 30, 2020

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	VARIABLE INTEREST ENTITIES The Company is involved with five entities that are deemed to be a VIE: Elastic SPV, Ltd., EF 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 June 30, 2020 and December 31, 2019 : (Dollars in thousands) June 30, December 31, ASSETS Cash and cash equivalents $ 80,028 $ 26,245 Loans receivable, net of allowance for loan losses of $18,604 and $28,852, respectively 152,591 234,504 Receivable from payment processors 4,245 6,363 Total assets $ 236,864 $ 267,112 LIABILITIES AND SHAREHOLDER’S EQUITY Accounts payable and accrued liabilities ($7,700 and $7,690, respectively, eliminates upon consolidation) $ 13,442 $ 15,902 Deferred revenue 2,715 4,280 Reserve deposit liability ($23,150 and $23,150, respectively, eliminates upon consolidation) 23,150 23,150 Notes payable, net 197,557 223,780 Total liabilities and shareholder’s equity $ 236,864 $ 267,112 EF SPV, Ltd. On October 15, 2018, the Company entered into several agreements with a third-party lender and EF SPV, Ltd. (“EF SPV”), 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. EF SPV accounts for the loan participations acquired in accordance with ASC 860-10-40, Transfers and Services, Derecognition , as the installment loans acquired meet the criteria of a participation interest. Once the third-party lender originates the loan, EF SPV has the right, but not the obligation, to purchase an interest in each Rise bank originated installment loan. Prior to August 1, 2019, FinWise Bank retained 5% of the balances and sold a 95% participation to EF SPV. On August 1, 2019, EF SPV purchased an additional 1% participation in the outstanding portfolio with the participation percentage revised going forward to 96% . VPC lends EF SPV 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—EF SPV Facility). The Company entered into a separate credit default protection agreement with EF SPV whereby the Company agreed to provide credit protection to the investors in EF SPV against Rise bank originated loan losses in return for a credit premium. The Company does not hold a direct ownership interest in EF SPV, however, as a result of the credit default protection agreement, EF SPV 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 June 30, 2020 and December 31, 2019 : (Dollars in thousands) June 30, December 31, ASSETS Cash and cash equivalents $ 20,847 $ 7,541 Loans receivable, net of allowance for loan losses of $18,097 and $17,436, respectively 93,337 111,281 Receivable from payment processors ($293 and $0 eliminates upon consolidation) 709 681 Total assets $ 114,893 $ 119,503 LIABILITIES AND SHAREHOLDER’S EQUITY Accounts payable and accrued liabilities ($11,294 and $7,114, respectively, eliminates upon consolidation) $ 12,463 $ 8,576 Reserve deposit liability ($8,950 and $8,950, respectively, eliminates upon consolidation) 8,950 8,950 Notes payable, net 93,480 101,977 Total liabilities and shareholder’s equity $ 114,893 $ 119,503 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, Net

Notes Payable, Net	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Notes Payable, Net	NOTES PAYABLE, NET The Company has three debt facilities with VPC. The Rise SPV, LLC credit facility (the "VPC Facility"), the EF SPV Facility, and the ESPV Facility. The facilities were modified effective February 1, 2019 to the following terms. VPC Facility The VPC Facility is primarily used to fund the Rise loan portfolio with a subordinated debt component used for general corporate purposes. It provides the following term notes: • A maximum borrowing amount of $350 million used to fund the Rise loan portfolio (“US Term Note”). Prior to the February 1, 2019 amendment, the interest rate paid on this facility was a base rate (defined as the 3-month LIBOR, with a 1% floor) plus 11% . Upon the February 1, 2019 amendment date, the interest rate on the debt outstanding as of the amendment date was fixed through the January 1, 2024 maturity date at 10.23% (base rate of 2.73% plus 7.5% , which was reduced to 7.25% on January 1, 2020 as part of the amendment). At December 31, 2019 , the weighted average base rate on the outstanding balance was 2.73% and the overall interest rate was 10.23% . At June 30, 2020 , the weighted average base rate on the outstanding balance was 2.73% and the overall interest rate was 9.98% . All future borrowings under this facility will bear an interest rate at a base rate (defined as the greater of 3-month LIBOR, the five-year LIBOR swap rate or 1% ) plus 7.25% at the borrowing date. • A maximum borrowing amount of $18 million used to fund working capital, and prior to February 1, 2019, at a base rate (defined as the 3-month LIBOR, with a 1% floor) plus 13% (“4 th Tranche Term Note”). Upon the February 1, 2019 amendment date, the interest rate was fixed through the February 1, 2021 maturity date at a base rate of 2.73% plus 13% . The interest rate at both June 30, 2020 and December 31, 2019 was 15.73% . There was no change in the interest rate spread on this facility upon the February 1, 2019 amendment. • Revolving feature providing the option to pay down up to 20% of the outstanding balance, excluding the 4 th Tranche Term Note, once per year during the first quarter. Amounts paid down may be drawn again at a later date prior to maturity. The 4 th Tranche Term Note matures on February 1, 2021. The US Term Note matures on January 1, 2024. There are no principal payments due or scheduled until the respective maturity dates. All assets of the Company are pledged as collateral to secure the VPC Facility. The VPC Facility contains certain covenants for the Company such as minimum cash requirements and a minimum book value of equity requirement. There are also certain covenants for the product portfolio underlying the facility including, among other things, excess spread requirements, maximum roll rate and charge-off rate levels, and maximum loan-to-value ratios. The Company was in compliance with all covenants related to the VPC Facility as of June 30, 2020 and December 31, 2019 . Prior to ECIL entering administration and being classified a discontinued operation by the Company on June 29, 2020, the VPC Facility included a note used to fund the UK Sunny loan portfolio (“UK Term Note”). Upon deconsolidation of ECIL, this note was removed from the Company's Condensed Consolidated Balance Sheets and is presented within Liabilities from discontinued operations in all prior periods presented. Under the terms of the VPC Facility, Elevate Credit, Inc. (the "Parent") has provided a guarantee to VPC for the repayment of the debt of any subsidiary, which includes the outstanding debt of ECIL of approximately £10.2 million as of June 29, 2020. Upon deconsolidation of ECIL, the Company is required to evaluate and separately recognize a liability at the Parent level related to the guarantee of ECIL's outstanding debt balance. The liability is recognized at the fair value of the guarantee obligation based on ECIL's cash flows and ability to repay the outstanding debt balance. The fair value of the guarantee obligation was $566 thousand and was recognized at June 30, 2020 within Net loss from discontinued operations in the Condensed Consolidated Income Statements and as Liabilities from discontinued operations on the Condensed Consolidated Balance Sheets. EF SPV Facility The EF SPV Facility has a maximum borrowing amount of $150 million used to purchase loan participations from a third-party lender. Prior to execution of the agreement with VPC effective February 1, 2019, EF SPV was a borrower on the US Term Note under the VPC Facility and the interest rate paid on this facility was a base rate (defined as 3-month LIBOR, with a 1% floor) plus 11% . Upon the February 1, 2019 amendment date, $43 million was re-allocated into the EF SPV Facility and the interest rate on the debt outstanding as of the amendment date was fixed through the January 1, 2024 maturity date at 10.23% (base rate of 2.73% plus 7.5% , which was reduced to 7.25% on January 1, 2020 as part of the amendment). The weighted average base rate on the outstanding balance at December 31, 2019 was 2.49% and the overall interest rate was 9.99% . The weighted average base rate on the outstanding balance at June 30, 2020 was 2.45% and the overall interest rate was 9.70% . All future borrowings under this facility will bear an interest rate at a base rate (defined as the greater of 3-month LIBOR, the five-year LIBOR swap rate or 1% ) plus 7.25% at the borrowing date. The EF SPV Term Note has a revolving feature providing the option to pay down up to 20% of the outstanding balance once per year during the first quarter. Amounts paid down may be drawn again at a later date prior to maturity. The EF SPV Term Note matures on January 1, 2024. There are no principal payments due or scheduled until the maturity date. All assets of the Company and EF SPV are pledged as collateral to secure the EF SPV Facility. The EF SPV Facility contains certain covenants for the Company such as minimum cash requirements and a minimum book value of equity requirement. There are also certain covenants for the product portfolio underlying the facility including, among other things, excess spread requirements, maximum roll rate and charge-off rate levels, and maximum loan-to-value ratios. The Company was in compliance with all covenants related to the EF SPV Facility as of June 30, 2020 and December 31, 2019 . ESPV Facility The ESPV Facility has a maximum borrowing amount of $350 million used to purchase loan participations from a third-party lender. Prior to the February 1, 2019 amendment, the interest rate paid on this facility was 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 . Upon the February 1, 2019 amendment date, the interest rate on the debt outstanding as of the amendment date was fixed at 15.48% (base rate of 2.73% plus 12.75% ). Effective July 1, 2019, the interest rate on the debt outstanding as of the amendment date was set at 10.23% (base rate of 2.73% plus 7.50% , which was reduced to 7.25% on January 1, 2020 as part of the amendment). At December 31, 2019 the weighted average base rate on the outstanding balance was 2.72% and the overall interest rate was 10.22% . At June 30, 2020 , the weighted average base rate on the outstanding balance was 2.72% and the overall interest rate was 9.97% . All future borrowings under this facility will bear an interest rate at a base rate (defined as the greater of 3-month LIBOR, the five-year LIBOR swap rate or 1% ) plus 7.25% at the borrowing date. The ESPV Term Note has a revolving feature providing the option to pay down up to 20% of the outstanding balance once per year during the first quarter. Amounts paid down may be drawn again at a later date prior to maturity. There are no principal payments due or scheduled until the maturity date. All assets of the Company and ESPV are pledged as collateral to secure the ESPV Facility. The ESPV Facility contains certain covenants for the Company such as minimum cash requirements and a minimum book value of equity requirement. There are also certain covenants for the product portfolio underlying the facility including, among other things, excess spread requirements, maximum roll rate and charge-off rate levels, and maximum loan-to-value ratios. The Company was in compliance with all covenants related to the ESPV Facility as of June 30, 2020 and December 31, 2019 . VPC, EF SPV and ESPV Facilities: The outstanding balances of Notes payable, net of debt issuance costs, are as follows: (Dollars in thousands) June 30, December 31, US Term Note bearing interest at the base rate + 7.25% (2020) or + 7.5% (2019) $ 129,500 $ 182,000 4 th Tranche Term Note bearing interest at the base rate + 13% 18,050 18,050 EF SPV Term Note bearing interest at the base rate + 7.25% (2020) or + 7.5% (2019) 93,500 102,000 ESPV Term Note bearing interest at the base rate + 7.25% (2020) or + 7.5% (2019) 199,500 226,000 Debt issuance costs (2,376 ) (2,611 ) Total $ 438,174 $ 525,439 The change in the facility balances includes the following: • US Term Note - Paydown of $27.5 million and $25 million in the first and second quarter of 2020, respectively; • EF SPV Term note - Draw of $6.5 million in the first quarter of 2020 and a paydown of $15 million in the second quarter of 2020; and • ESPV Term Note - Paydown of $6.5 million and $20 million in the first and second quarter of 2020, respectively. The Company paid a $2.4 million amendment fee on the ESPV Facility during the first quarter of 2019 that is included in deferred debt issuance costs and will be amortized into interest expense over the remaining life of the facility (through January 1, 2024). Per the terms of the February 2019 amendments, the Company qualified for a 25 bps rate reduction on all three facilities effective January 1, 2020 and may qualify for an additional 25 bps rate reduction on January 1, 2021 subject to meeting certain performance metrics. 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 June 30, 2020 are as follows: Year (dollars in thousands) June 30, 2020 Remainder of 2020 $ — 2021 18,050 2022 — 2023 — 2024 422,500 Thereafter — Total $ 440,550

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS The Company’s 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 previously consolidated UK reporting units. As a result of the recent global economic impact and uncertainty due to the COVID-19 pandemic, the Company concluded a triggering event had occurred as of March 31, 2020, and accordingly, performed interim impairment testing on the goodwill balances of its reporting units. The Company performed a detailed qualitative and quantitative assessment of each reporting unit and concluded that the goodwill associated with the previously consolidated UK reporting unit was impaired as the fair value of the UK reporting unit was less than its carrying amount. The impairment loss of $9.3 million is included in Loss from discontinued operations due to the deconsolidation of ECIL. While there was a decline in the fair value of the Elastic reporting unit, there was no impairment identified during the quantitative assessment. The Company has $6.8 million of goodwill (all related to the Elastic reporting unit) on the Condensed Consolidated Balance Sheets as of June 30, 2020 and December 31, 2019 , respectively. Of the total goodwill balance, approximately $300 thousand is deductible for tax purposes. As quoted market prices are not available for these reporting units, the Company used the income approach to estimate the fair value of its reporting units. In prior valuations, the Company weighted the results of the income method most heavily in the overall determination of fair value. The income approach estimates the fair value by discounting each unit’s estimated future cash flows using the Company’s estimate of the discount rate, or expected return, that a market participant would have required as of the valuation date. Some of the more significant assumptions inherent in the income approach include the estimated future net annual cash flows for each reporting unit and the discount rate. The Company selected the assumptions used in the discounted cash flow projections using historical data supplemented by current and anticipated market conditions. The Company’s estimates are based upon assumptions believed to be reasonable. However, given the inherent uncertainty in determining the assumptions underlying a discounted cash flow analysis, particularly in the current volatile market, actual results may differ from those used in these valuations which could result in additional impairment charges in the future. The discount rates used to value the Company’s reporting units were between 19% and 20.4% . Assuming all other assumptions and inputs used in each of the respective discounted cash flow analysis were held constant, a 50-basis point increase or decrease in the discount rate assumptions would have changed the fair value of the two reporting units, on average, by less than 3% . The carrying value of acquired intangible assets as of June 30, 2020 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 211 $ (211 ) $ — Non-compete 2,461 (1,799 ) 662 Customers 126 (126 ) — Assets not subject to amortization: Domain names 531 — 531 Total $ 3,329 $ (2,136 ) $ 1,193 The carrying value of acquired intangible assets as of December 31, 2019 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 211 $ (211 ) $ — Non-compete 2,461 (1,739 ) 722 Customers 126 (126 ) — Assets not subject to amortization: Domain names 531 — 531 Total $ 3,329 $ (2,076 ) $ 1,253 Total amortization expense recognized for the three months ended June 30, 2020 and 2019 was approximately $30 thousand and $106 thousand , respectively. Total amortization expense recognized for the six months ended June 30, 2020 and 2019 was approximately $60 thousand and $250 thousand , respectively. The weighted average remaining amortization period for the intangible assets was 5.5 years at June 30, 2020 . Due to the deconsolidation of the UK entity, the related domain name was determined to be fully impaired and the resulting impairment expense of $149 thousand is included in Net loss from discontinued operations in the Condensed Consolidated Income Statements. 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 2021 $ 120 2022 120 2023 120 2024 120 2025 120

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	LEASES The Company has non-cancelable operating leases for facility space and equipment with varying terms. All of the leases for facility space qualified for capitalization under FASB ASC 842, Leases . These leases have remaining lease terms of three years to seven years , and some may include options to extend the leases for up to ten years . The extension terms are not recognized as part of the right-of-use assets. The Company has elected not to capitalize leases with terms equal to or less than one year. As of June 30, 2020 and December 31, 2019 , net assets recorded under operating leases totaled $9.3 million and $10.2 million , respectively, and net lease liabilities totaled $13.2 million and $14.4 million , respectively. The Company analyzes contracts above certain thresholds to identify leases and lease components. Lease and non-lease components are not separated for facility space leases. The Company uses its contractual borrowing rate to determine lease discount rates when an implicit rate is not available. Total lease cost for the three and six months ended June 30, 2020 , included in Occupancy and equipment in the Condensed Consolidated Income Statements, is detailed in the table below: Three Months Ended June 30, Lease cost (dollars in thousands) 2020 2019 Operating lease cost $ 808 $ 795 Short-term lease cost — 7 Total lease cost $ 808 $ 802 Six Months Ended June 30, Lease cost (dollars in thousands) 2020 2019 Operating lease cost $ 1,616 $ 1,523 Short-term lease cost — 17 Total lease cost $ 1,616 $ 1,540 Further information related to leases is as follows: Three Months Ended June 30, Supplemental cash flows information (dollars in thousands) 2020 2019 Cash paid for amounts included in the measurement of lease liabilities $ 931 $ 778 Right-of-use assets obtained in exchange for lease obligations $ — $ 1,110 Weighted average remaining lease term 4.0 years 4.6 years Weighted average discount rate 10.23 % 10.23 % Six Months Ended June 30, Supplemental cash flows information (dollars in thousands) 2020 2019 Cash paid for amounts included in the measurement of lease liabilities $ 1,855 $ 1,378 Right-of-use assets obtained in exchange for lease obligations $ — $ 1,110 Weighted average remaining lease term 4.0 years 4.6 years Weighted average discount rate 10.23 % 10.23 % Future minimum lease payments as of June 30, 2020 are as follows: Year (dollars in thousands) Operating Leases 2020 $ 1,905 2021 3,876 2022 3,984 2023 3,486 2024 1,438 Thereafter 1,892 Total future minimum lease payments $ 16,581 Less: Imputed interest (3,374 ) Operating lease liabilities $ 13,207

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION Share-based compensation expense recognized for the three months ended June 30, 2020 and 2019 totaled approximately $2.6 million and $2.5 million , respectively. Share-based compensation expense recognized for the six months ended June 30, 2020 and 2019 totaled approximately $5.3 million and $4.9 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 8,069,926 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 June 30, 2020 , the total number of shares available for future grants under the 2016 Plan was 1,751,915 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 six months ended June 30, 2020 , 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 six months ended June 30, 2020 is presented below: Stock Options Shares Weighted Average Weighted Average Remaining Contractual Life (in years) Outstanding at December 31, 2019 2,269,178 $ 4.58 Granted 55,161 3.39 Exercised (87,500 ) 2.13 Expired (12,500 ) 2.13 Forfeited (49,273 ) 3.99 Outstanding at June 30, 2020 2,175,066 4.67 3.59 Options exercisable at June 30, 2020 2,079,200 $ 4.71 3.33 At June 30, 2020 , there was approximately $115 thousand of unrecognized compensation cost related to unvested stock options which is expected to be recognized over a weighted average period of 2.2 years. The total intrinsic value of options exercised for the six months ended June 30, 2020 was $216 thousand . 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 six months ended June 30, 2020 was $1.64 . 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 six months ended June 30, 2020 is presented below: RSUs Shares Weighted Average Unvested at December 31, 2019 4,161,862 $ 6.10 Granted 1,246,948 1.64 Vested (1,207,839 ) 6.63 Forfeited (58,029 ) 5.04 Unvested at June 30, 2020 4,142,942 4.62 Expected to vest at June 30, 2020 3,191,998 $ 4.77 At June 30, 2020 , there was approximately $12.3 million of unrecognized compensation cost related to unvested RSUs which is expected to be recognized over a weighted average period of 2.3 years. During the six months ended June 30, 2020 , the total intrinsic value of RSUs that vested during the period was approximately $2.8 million . As of June 30, 2020 , the aggregate intrinsic value of the vested and expected to vest RSUs was approximately $4.7 million . Employee Stock Purchase Plan The Company offers an Employee Stock Purchase Plan ("ESPP") to eligible US employees. There are currently 1,816,716 shares authorized and 952,598 reserved for the ESPP. There were 280,584 shares purchased under the ESPP for the six months ended June 30, 2020 . Within share-based compensation expense for the six months ended June 30, 2020 and 2019 , $283 thousand and $386 thousand , respectively, relates to the ESPP. For the three months ended June 30, 2020 and 2019 , $142 thousand and $193 thousand

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
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 six month periods ended June 30, 2020 and 2019 , 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 On January 11, 2018, the Company and ESPV each entered into one interest rate cap transaction with a counterparty to mitigate the floating rate interest risk on a portion of the debt under the VPC Facility and the ESPV Facility, respectively. On January 16, 2018, the Company and ESPV 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 matured on February 1, 2019. The interest rate caps qualified for hedge accounting as cash flow hedges. Gains and losses on the interest rate caps were recognized in Accumulated other comprehensive income in the period incurred and subsequently reclassified to Interest expense when the hedged expenses were recorded. There were no gains or losses recognized in Accumulated other comprehensive income for the six months ended June 30, 2020 and 2019 . The Company used model-derived valuations that discounted the future expected cash receipts that would occur if variable interest rates rose above the strike price of the caps. The variable interest rates used in the calculation of projected receipts on the caps were based on an expectation of future interest rates derived from observable market interest rate curves and volatilities in active markets (Level 2). The following table summarizes these interest rate caps for the six months ended June 30, 2020 and 2019 (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, Gains recognized in Interest expense 2020 2019 2020 2019 US Term Note interest rate cap $ — $ — $ — $ 159 ESPV Facility interest rate cap — — — 144 $ — $ — $ — $ 303 On June 29, 2020, ECIL entered administration and was therefore deconsolidated by the Company and its results presented as discontinued operations. The Company has guaranteed ECIL's repayment of its outstanding debt to VPC. See Note 5—Notes Payable for more information regarding the guarantee of the UK Term Note. The fair value of the guarantee obligation was $566 thousand and was recognized at June 30, 2020 within Net loss from discontinued operations in the Condensed Consolidated Income Statements and as Liabilities from discontinued operations on the Condensed Consolidated Balance Sheets. The fair value of the guarantee obligation was determined by using estimated cash flow scenarios that discounted ECIL's debt repayment schedules by the current interest rate on the UK Term Note which approximated a market value rate. The Company probability-weighted each scenario to calculate the weighted average fair value of the guarantee obligation. The wind down of ECIL is expected to be concluded by the end of 2020. The Company will record any future adjustments to Net loss from discontinued operations as the fair value of the guarantee changes.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	DERIVATIVES The Company and ESPV have periodically used hedging programs to manage interest rate risk associated with future interest payments. The Company and ESPV entered into two interest rate cap instruments on January 11, 2018, which matured on February 1, 2019. The Company had no outstanding derivative instruments as of June 30, 2020 and 2019 and December 31, 2019 . Cash Flow Hedges The Company and ESPV utilized interest rate caps to offset interest rate fluctuations in the Company's and ESPV's future interest payments on certain of their Notes payable. The financial instruments were designated and accounted for as cash flow hedges, and the Company and ESPV measured the effectiveness of the hedges at least quarterly. Effective gains or losses related to these cash flow hedges were reported in Accumulated other comprehensive income and reclassified into earnings, through interest expense, in the period or periods in which the hedged transactions affected earnings. See Note 9—Fair Value for additional information on these cash flow hedges. The following table summarizes the activity that was recorded in Accumulated other comprehensive income in addition to reclassifications from Accumulated other comprehensive income into earnings related to each of the Company's and ESPV's interest rate caps during the six months ended June 30, 2020 and 2019 . There was no activity during the three months ended June 30, 2020 and 2019 . Six Months Ended Six Months Ended (Dollars in thousands) US Term Note ESPV Facility US Term Note ESPV Facility Beginning unrealized gains in Accumulated other comprehensive income $ — $ — $ 159 $ 144 Gross gains recognized in Accumulated other comprehensive income — — — — Gains reclassified to income through Interest expense — — (159 ) (144 ) Ending unrealized gains in Accumulated other comprehensive income $ — $ — $ — $ —

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Income tax expense for the three and six months ended June 30, 2020 and 2019 consists of the following: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Current income tax expense (benefit): Federal $ (1,152 ) $ — $ — $ — State (155 ) 254 332 532 Total current income tax expense (benefit) (1,307 ) 254 332 532 Deferred income tax expense: Federal 6,284 2,108 6,357 6,447 State 3,396 272 3,739 1,670 Total deferred income tax expense 9,680 2,380 10,096 8,117 Total income tax expense $ 8,373 $ 2,634 $ 10,428 $ 8,649 No material penalties or interest related to taxes were recognized for the three and six months ended June 30, 2020 and 2019 . The Company’s effective tax rates for continuing operations for the six months ended June 30, 2020 and 2019 , including discrete items, were 30.3% and 30.9% , respectively. For the six months ended June 30, 2020 and 2019 , the Company’s effective tax rate differed from the standard corporate federal income tax rate of 21% due to permanent non-deductible items, corporate state tax obligations in the states where it has lending activities and the impact of the Global Intangible Low-Taxed Income ("GILTI") provision of the Tax Cuts and Jobs Act of 2017. The Company's cash effective tax rate was approximately 6.31% . On March 27, 2020 the CARES Act was signed into law. The Company has reviewed the tax relief provisions of the CARES Act, including the Company's eligibility for such provisions, and determined that the impact is likely to be insignificant with regard to our effective tax rate. We are continuing to monitor and evaluate our eligibility of the CARES Act tax relief provisions to identify any portions that may become applicable in the future. 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. 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 the deferred tax assets, net. Deferred tax assets, net At June 30, 2020 and December 31, 2019 , the Company did not establish a valuation allowance for its deferred tax assets (“DTA”) based on management’s expectation of generating sufficient taxable income in a look forward period over the next one to three years . The Federal net operating loss ("NOL") carryforward from operations at December 31, 2019 was approximately $42.0 million and the results from operations in 2019 fully utilized this NOL carryforward, leaving no remaining Federal NOL at June 30, 2020 .Any remaining NOL carryforward relates to certain states and is immaterial at June 30, 2020 . Any research and development credits expire beginning in 2036. The ultimate realization of the resulting deferred tax asset is dependent upon generating sufficient taxable income prior to the expiration of this carryforward. The Company considered the following factors when making their assessment regarding the ultimate realizability of the deferred tax assets. Significant positive factors included the following: • In 2019, the Company continued to grow its operating income from continuing operations (from $61 million in 2017 to $88 million in 2018 to $102 million in 2019). Pre-tax earnings improved from pre-tax income of $14.1 million in 2018 to pre-tax income of $38.4 million in 2019, a 172% improvement from prior year. The primary driver for the increase in operating income was related to our continued margin expansion and lower interest expense. • The Company is in a three -year cumulative pre-tax income position at the end of 2019. Additionally, the Company expects full utilization of its NOL carryforward when its 2019 federal return is filed in the third quarter of 2020, as well as approximately 20% of its research and development credits. • Due to the short-term nature of the loan portfolio and the other material items that comprise the deferred tax assets, net, the Company estimates that the majority of these deferred tax items will reverse within one year and the remainder to reverse within three to seven years . The Company has given due consideration to all the factors and has concluded that the deferred tax asset, which includes the $24.2 million deferred tax asset related to the disposition of ECIL, is expected to be realized based on management’s expectation of generating sufficient taxable income and the reversal of tax timing differences in a look-forward period over the next one to three 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. As a result, as of June 30, 2020 and December 31, 2019 , the Company did not establish a valuation allowance for the DTA.

Commitments, Contingencies and

Commitments, Contingencies and Guarantees	6 Months Ended
	Jun. 30, 2020
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, prospects, results of operations, financial condition or cash flows. 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. Other Matters: The Company is cooperating with the Consumer Financial Protection Bureau (the "CFPB") related to a civil investigative demand ("CID") received by Think Finance, Inc. ("TFI") requesting information about the operations of TFI prior to the spin-off. In November 2017, the CFPB sued TFI in Montana District Court. Elevate is not a party to this lawsuit. The CFPB and TFI have settled all claims and have received final court approval in the United States Bankruptcy Court for the Northern District of Texas. While no TFI related litigation has been filed directly against Elevate, we can provide no assurance that there will not be any future TFI related litigation filed against the Company. In October 2019, Elevate entered into tolling agreements with the Think Finance Creditors' Committee and class claimants in regard to any potential future claims against Elevate. These tolling agreements have been extended to August 2020. In December 2019, the TFI bankruptcy plan was confirmed, and any claims from the TFI Creditors' Committee were assigned to the Think Finance Litigation Trust (“TFLT”). Elevate and the TFLT have commenced mediation in an attempt to resolve, prior to any litigation being filed, any potential claims that the TFLT may have against Elevate including, among other things, whether or not the spin-off of Elevate from TFI was a fraudulent conveyance and any other avoidance actions associated with the spin-off. Although we do not anticipate liability for any obligations not expressly assumed by us pursuant to the separation and distribution agreement, it is possible that we could be required to assume responsibility for certain obligations retained by TFI should TFI fail to pay or perform its retained obligations. If it were determined that the spin-off constituted a fraudulent conveyance or that there were other avoidance actions associated with the spin-off, then the spin-off could be deemed void and there could be a number of different remedies imposed against Elevate, including without limitation, the requirement that Elevate has to pay money damages in an amount equal to the difference between the consideration received by TFI in the spin-off and the fair market value of Elevate at the time of the spin-off. We can provide no assurances as to how long the mediation proceedings may take, or the outcome of such proceedings. Because no claims have been filed against Elevate, no reasonable estimate of possible loss, if any, can be made at this time. We believe any future claims are without merit, and we intend to defend ourselves vigorously. On June 5, 2020, the District of Columbia (the "District") sued Elevate in the Superior Court of the District of Columbia alleging that Elevate may have violated the District's Consumer Protection Procedures Act and the District of Columbia's Municipal Regulations in connection with loans issued by banks in the District of Columbia. This action has been removed to federal court. Elevate disagrees that it has violated the above referenced laws and regulations and it intends to vigorously defend its position. In addition, on January 27, 2020, an Elevate wholly-owned subsidiary and other non-affiliated service providers to banks were sued in a class action lawsuit in Washington state. The Plaintiff in the case claims that Elevate and the other non-affiliated service providers to banks are engaged in “predatory lending practices that target financially vulnerable consumers” and have violated Washington’s Consumer Protection Act by engaging in unfair or deceptive practices. Elevate disagrees that it has violated the above referenced law and it intends to vigorously defend its position. In California, two separate actions have been filed seeking damages and public injunctive relief and alleging unconscionable interest rates on Rise loans - one lawsuit in the Superior Court of California, and one demand for arbitration. The Plaintiffs in these actions assert claims under the “unlawful,” “unfair,” and “fraudulent” prongs of the California Unfair Competition Law (“UCL”) and for breach of contract and civil conspiracy. The “unlawful” UCL claims are premised upon alleged violations of (a) the California Financing Law’s prohibition on unconscionable loans and (b) the California False Advertising Law. Elevate disagrees that it has violated the above referenced laws and it intends to vigorously defend its position. Commitments The Elastic product, which offers lines of credit to consumers, had approximately $296.4 million and $251.2 million in available and unfunded credit lines at June 30, 2020 and December 31, 2019 , respectively. In May 2017, the Rise product began offering lines of credit to consumers in certain states and had approximately $6.2 million and $8.3 million in available and unfunded credit lines at June 30, 2020 and December 31, 2019 , respectively. The Today Card, which expanded its test launch in November 2018, had approximately $4.2 million and $0.6 million in available and unfunded credit lines as of June 30, 2020 and December 31, 2019 , respectively. 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 June 30, 2020 and December 31, 2019 , the Company had $300 thousand and $400 thousand , respectively, of cash balances securing the letter of credit which is included in Restricted cash within the Condensed Consolidated Balance Sheets. Guarantees CSO Program: 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. UK Debt Guarantee: As a result of ECIL’s entry into administration and deconsolidation, the Company must recognize a guarantee obligation related to the repayment of the UK Term Note by ECIL. The fair value of the guarantee obligation was $566 thousand and was recognized at June 30, 2020 within Net loss from discontinued operations in the Condensed Consolidated Income Statements and as Liabilities from discontinued operations on the Condensed Consolidated Balance Sheets. See Note 5—Notes Payable for more information regarding the guarantee of the UK Term Note. Indemnifications and contingent loss accrual 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 may indemnify certain parties for losses due to the Company's breach of certain agreements or due to certain services it provides. As the Company has previously disclosed, the Company has also entered into separate indemnification agreements with the Company’s directors and executive officers, in addition to the indemnification provided for in the Company’s amended and restated bylaws. These agreements, among other things, provide that the Company will indemnify its directors and executive officers for certain expenses, including attorneys’ fees, judgments, penalties, fines and settlement amounts incurred by a director or executive officer in any action or proceeding arising out of their services as one of the Company’s or, where applicable, TFI’s directors or executive officers, or any of the Company’s subsidiaries or any other company or enterprise to which the person provides services at the Company’s request. The indemnification agreements also set forth certain procedures that will apply in the event of a claim for indemnification thereunder. At June 30, 2020 , the Company had accrued a contingent loss related to a legal matter in the amount of $5.7 million . The accrual is recognized as Non-operating loss in the Condensed Consolidated Income Statements and as Accounts payable and accrued liabilities on the Condensed Consolidated Balance Sheets. This contingent loss is based on a probable settlement composed of both cash and certain amounts that are subject to valuation adjustments until the final settlement. The table below presents a rollforward of the amounts accrued for the three and six months ended June 30, 2020 . (Dollars in thousands) Six Months Ended June 30, 2020 Beginning balance at December 31, 2019 $ — Expected loss accrual 4,263 Net contingent loss related to a legal matter at March 31, 2020 $ 4,263 Expected loss accrual 1,407 Net contingent loss related to a legal matter at June 30, 2020 $ 5,670

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	DISCONTINUED OPERATIONS On June 29, 2020, ECIL entered into administration in accordance with the provisions of the UK Insolvency Act 1986 and pursuant to a resolution of the board of directors of ECIL. The management, business, affairs and property of ECIL have been placed into the direct control of the appointed administrators, KPMG LLP. Accordingly, the Company deconsolidated ECIL as of June 29, 2020 and presents ECIL's results as Discontinued operations for all periods presented. The table below presents the financial results of ECIL, which are considered Discontinued operations and are excluded from the Company's results of continuing operations: Three Months Ended Six Months Ended (Dollars in thousands) 2020 (1) 2019 2020 (1) 2019 Revenues $ 9,024 $ 27,386 $ 24,012 $ 56,824 Cost of sales: Provision for loan losses 607 9,743 4,785 21,819 Direct marketing costs 270 5,120 1,372 9,077 Other cost of sales 5,130 6,054 10,790 8,836 Total cost of sales 6,007 20,917 16,947 39,732 Gross profit 3,017 6,469 7,065 17,092 Operating expenses: Compensation and benefits 2,068 3,700 4,785 7,209 Professional services 1,598 1,174 2,879 2,695 Selling and marketing 135 745 605 1,499 Occupancy and equipment 1,028 1,166 2,141 2,396 Depreciation and amortization 926 369 1,427 779 Other 108 205 288 395 Total operating expenses 5,863 7,359 12,125 14,973 Operating (loss) income (2,846 ) (890 ) (5,060 ) 2,119 Other expense: Net interest expense (357 ) (1,011 ) (896 ) (2,230 ) Foreign currency transaction loss (42 ) (710 ) (854 ) (97 ) Impairment loss — — (9,251 ) — Non-operating income 17 — — — Total other expense (382 ) (1,721 ) (11,001 ) (2,327 ) Loss from operations of discontinued operations (3,228 ) (2,611 ) (16,061 ) (208 ) Loss on disposal of discontinued operations (28,512 ) — (28,512 ) — Loss from discontinued operations before taxes (31,740 ) (2,611 ) (44,573 ) (208 ) Income tax benefit 24,200 — 24,200 — Net loss from discontinued operations $ (7,540 ) $ (2,611 ) $ (20,373 ) $ (208 ) (1) Includes ECIL financial results for the period through June 28, 2020. The table below presents the aggregate carrying amounts of the assets and liabilities of ECIL and those carried by the Company as discontinued operations related to ECIL: (Dollars in thousands except share amounts) June 30, December 31, (unaudited) ASSETS Cash and cash equivalents $ — $ 17,698 Restricted cash — 59 Loans receivable, net of allowance for loan losses of $0 and $7,083, respectively — 31,604 Prepaid expenses and other assets — 4,871 Receivable from payment processors — 1,970 Deferred tax assets, net — 1,355 Property and equipment, net — 14,045 Goodwill, net — 9,251 Intangible assets, net — 149 Total assets classified as discontinued operations in the Condensed Consolidated Balance Sheets $ — $ 81,002 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable and accrued liabilities $ 1,209 $ 6,917 Notes payable, net — 29,624 Total liabilities classified as discontinued operations in the Condensed Consolidated Balance Sheets $ 1,209 $ 36,541 The Company has continuing involvement with ECIL as the guarantor of ECIL's debt of approximately £10.2 million as of June 29, 2020 and a guarantee obligation of $566 thousand was recognized at fair value within Liabilities from discontinued operations on the Condensed Consolidated Balance Sheets and within Net loss from discontinued operations on the Condensed Consolidated Income Statements. This guarantee will expire upon ECIL's repayment of the UK Term Note which is expected to occur by the end of 2020. See Note 5—Notes Payable for more information regarding the guarantee of the UK Term Note. The Company also has obligations related to severance pay due to certain employees of ECIL of $643 thousand . The severance pay obligation is recorded within Liabilities from discontinued operations on the Condensed Consolidated Balance Sheets and within Net loss from discontinued operations on the Condensed Consolidated Income Statements.

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Parties	RELATED PARTIES 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 six months ended June 30, 2020 and 2019 are included in Professional services within the Condensed Consolidated Income Statements and were as follows: Three Months Ended June 30, (Dollars in thousands) 2020 2019 Fees and travel expenses $ 122 $ 133 Stock compensation (1) 808 353 Consulting 50 75 Total board related expenses $ 980 $ 561 Six Months Ended June 30, (Dollars in thousands) 2020 2019 Fees and travel expenses $ 255 $ 265 Stock compensation (1) 1,787 720 Consulting 150 150 Total board related expenses $ 2,192 $ 1,135 (1) Includes Elevate's former CEO beginning August 1, 2019. During the year ended December 31, 2017, a member of the board of directors entered into a direct investment of $800 thousand in the VPC Facility. For the three months ended June 30, 2020 and 2019 , the interest payments on this loan were $20 thousand and $21 thousand , respectively. The interest payments were $40 thousand and $43 thousand for the six months ended June 30, 2020 and 2019 , respectively. At June 30, 2020 and December 31, 2019 , the Company had approximate ly $122 thousand and $123 thousand , respectively, due to board members related to the above expenses, which is included in Accounts payable and accrued liabilities within the Condensed Consolidated Balance Sheets.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
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, except as follows: On July 23, 2020, ECIL paid down £5.0 million on the UK Term Note, and plans to repay the full remaining balance by the end of the year. For the period from July 1, 2020 to August 6, 2020, the Company repurchased 1,696,448 shares of its common stock on the open market for a total purchase price of $3.2 million , including any fees or commissions.

Basis of Presentation and Acc_2

Basis of Presentation and Accounting Changes (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements as of June 30, 2020 and for the three and six month periods ended June 30, 2020 and 2019 include the accounts of the Company, its wholly owned subsidiaries and variable interest entities ("VIEs") where the Company is the primary beneficiary. 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, 2019 in the Company's Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission ("SEC") on February 14, 2020. 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 six months ended June 30, 2020
Reclassifications	Reclassifications Certain amounts in the prior periods presented herein have been reclassified to conform to the current period financial statement presentation. The Company does not believe that these reclassifications have a material impact on the consolidated financial statements. The Company reclassified $605 thousand to Accounts payable and accrued liabilities with an offset to Income taxes payable related to December 31, 2019 state and other taxes payable.
Use of Estimates	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, operating lease right of use assets, operating lease liabilities 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.
Revenue Recognition	Revenue Recognition The Company recognizes consumer loan fees as revenues for each of the loan products it offers. Revenues on the Condensed Consolidated Income Statements include: finance charges, lines of credit fees, fees for services provided through CSO programs (“CSO fees”), and interest, as well as any other fees or charges permitted by applicable laws and pursuant to the agreement with the borrower. The Company also records revenues related to the sale of customer applications to unrelated third parties. These applications are sold with the customer’s consent in the event that the Company or its CSO lenders are unable to offer the customer a loan. Revenue is recognized at the time of the sale. Other revenues also include marketing and licensing fees received from the originating lender related to the Elastic product and Rise bank-originated loans and from CSO fees related to the Rise product. Revenues related to these fees are recognized when the service is performed. The Company accrues finance charges on installment loans on a constant yield basis over their terms. The Company accrues and defers fixed charges such as CSO fees and lines of credit fees when they are assessed and recognizes them to earnings as they are earned over the life of the loan. The Company accrues interest on credit cards based on the amount of the outstanding credit card balance and the related contractual interest rate. Credit card membership fees are amortized to revenue over the card membership period. Other credit card fees, such as late payment fees and returned payment fees, are accrued when assessed. The Company does not accrue finance charges and other fees on installment loans or lines of credit for which payment is greater than 60 days past due. Credit card interest charges are recognized based on the contractual provisions of the underlying arrangements and are not accrued when payment is past due by more than 90 days. 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. Credit cards have a grace period of 25 days and are considered delinquent after the grace period. Payments received on past due loans are applied against the loan and accrued interest balance to bring the loan current. Payments are generally first applied to accrued fees and interest and then to the principal loan balance. In March 2020, the outbreak of the novel coronavirus (“COVID-19”) was recognized as a pandemic by the World Health Organization, and the spread of COVID-19 has created a global public health crisis that has resulted in unprecedented disruption to businesses and economies. In response to the pandemic's effects, and in accordance with federal and state guidelines, the Company expanded its payment flexibility programs for its customers, including payment deferrals. This program allows for a deferral of payments for an initial period of 30 to 60 days, and up to a maximum of 180 days on a cumulative basis. A customer will return to the normal payment schedule after the end of the deferral period with the extension of the maturity date equivalent to the deferral period, which is not to exceed an additional 180 days. The finance charges will continue to accrue at a lower effective interest rate over the expected term of the loan as adjusted for the deferral period provided (not to exceed an amount greater than the amount at which the borrower could settle the loan) or placed on non-accrual status.
Installment Loans, Lines of Credit and Credit Cards	Installment Loans, Lines of Credit and Credit Cards Installment loans, lines of credit and credit cards, including receivables for finance charges, fees and interest, are unsecured and reported as Loans receivable, net of allowance for loan losses on the Condensed Consolidated Balance Sheets. Installment loans are multi-payment loans that require the pay-down of portions of the outstanding principal balance in multiple installments through the Rise brand. Line of credit accounts include customer cash advances made through the Rise brand in two states and the Elastic brand. Credit cards represent credit card balances, uncollected billed interest and fees through the Today Card brand. All outstanding balances, allowance for loan losses, and revenues for the Today Card were immaterial in 2019 and for the six months ended June 30, 2020 . The Company offers Rise installment and line of credit products directly to customers. Elastic lines of credit, Rise bank-originated installment loans and Today credit card receivables represent participation interests acquired from third-party lenders through a wholly owned subsidiary or by a VIE. Based on agreements with the third-party lenders, the VIEs pay a loan premium on the participation interests. The loan premium is amortized over the expected life of the outstanding loan amount. See Note 4—Variable Interest Entities for more information regarding these participation interests in Rise and Elastic receivables. The Company considers impaired loans as accounts over 60 days past due (for installment loans and lines of credit) or 120 days past due (for credit cards), or loans which become uncollectible based on information that the Company becomes aware of (e.g., receipt of customer bankruptcy notice). The impaired loans are charged-off at the time that they are deemed to be uncollectible. A modification of finance receivable terms is considered a troubled debt restructuring ("TDR") if the borrower is experiencing financial difficulty and the Company grants a concession it would not otherwise have considered to a borrower. The Company typically considers TDRs to include all installment and line of credit loans that were modified by granting principal and interest forgiveness or by extension of the maturity date for more than 60 days as a part of a loss mitigation strategy. On March 22, 2020, federal and state banking regulators issued a joint statement on working with customers affected by COVID-19 (the "Interagency Statement"). The Interagency Statement includes guidance on accounting for loan modifications. In accordance with the Interagency Statement, the Company has elected to not recognize modified loans as TDRs if the borrower was both not more than 30 days past due as of March 1, 2020 and the modification stems from the effects of the COVID-19 outbreak. The minor modifications offered by the Company to borrowers that meet both qualifications may include payment deferrals less than six months , interest or fee waivers, extensions of payment terms or delays in payment. If the borrower was not current at March 1, 2020, the Company offers similar modifications that are considered TDRs. This election is applicable from March 1, 2020 until the earlier of 60
Operating Segments	Operating Segments 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 the Company's operating results monthly on a consolidated basis. The Company has one reportable segment, which provides online financial services for non-prime consumers. 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. With the disposal of ECIL, all of the Company's assets and revenue are in one geographic location, therefore, segment reporting based on geography has been discontinued.
Property and Equipment, net	Property and Equipment, net
Goodwill and Indefinite Lived Intangible Assets	Goodwill and Indefinite Lived Intangible Assets Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In accordance with Accounting Standards Codification ("ASC") 350-20-35, Goodwill— Subsequent Measurement, the Company performs a quantitative approach method impairment review of goodwill and intangible assets with an indefinite life annually at October 1 and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Prior to 2019, the Company performed this test at October 31. The Company completed its annual test as of October 1, 2019 and determined that there was no evidence of impairment of goodwill or indefinite lived intangible assets. As a result of the recent global economic impact and uncertainty due to COVID-19, the Company concluded a triggering event had occurred as of March 31, 2020, and accordingly, performed interim impairment testing on the goodwill balances of its reporting units. The Company performed a detailed qualitative and quantitative assessment of each reporting unit and concluded that the goodwill associated with the previously consolidated UK reporting unit was impaired as the fair value of the UK reporting unit was less than its carrying amount. The impairment loss of $9.3 million is included in Loss from discontinued operations due to the deconsolidation of ECIL. While there was a decline in the fair value of the Elastic reporting unit, there was no impairment identified during the quantitative assessment. The Company has $6.8 million of goodwill (all related to the Elastic reporting unit) remaining on the Condensed Consolidated Balance Sheets as of June 30, 2020 . Prior to the adoption of ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"), the Company’s impairment evaluation of goodwill was already based on comparing the fair value of the Company’s reporting units to their carrying value. The adoption of ASU 2017-04 as of January 1, 2020 had no impact on the Company's evaluation procedures. The fair value of the reporting units is determined based on a weighted average of the income and market approaches. The income approach establishes fair value based on estimated future cash flows of the reporting units, discounted by an estimated weighted-average cost of capital developed using the capital asset pricing model, which reflects the overall level of inherent risk of the reporting units. The income approach uses the Company’s projections of financial performance for a six - to nine -year period and includes assumptions about future revenues growth rates, operating margins and terminal values. The market approach establishes fair value by applying cash flow multiples to the reporting units’ operating performance. The multiples are derived from other publicly traded companies that are similar but not identical to the Company from an operational and economic standpoint.
Leases	Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in Operating lease right of use (“ROU”) assets and Operating lease liabilities on our Condensed Consolidated Balance Sheets. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. As most of our leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. The operating lease ROU asset may also include initial direct costs incurred and excludes any lease payments made and lease incentives. The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components. The lease and non-lease components are accounted for as a single lease component.
Treasury Stock	Treasury Stock The Company evaluates each stock repurchase transaction in the period in which it is completed. If the repurchase transaction is significantly in excess of the current market price at purchase, the Company will identify whether the price paid included payment for other agreements, rights, and privileges. Repurchase transactions that do not contain these elements or are not significantly in excess of the current market price at purchase are accounted for using the cost method. The Company anticipates using its treasury stock to fulfill certain employee stock compensation grants and settlements. The Company has elected to use a first in, first out ("FIFO") method for assigning share cost at reissuance. Any gain or loss in the stock value will be credited or charged to paid in capital upon subsequent reissuance of the shares, with losses in excess of previously recognized gains charged to retained earnings. The Company is not obligated to purchase or reissue any shares at any time in accordance with its previously disclosed share repurchase plan.
Recently Adopted Accounting Standards and Accounting Standards to be Adopted in Future Periods	Recently Adopted Accounting Standards 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 elected to adopt the transition method in ASU 2018-11 by applying the practical expedient prospectively at January 1, 2019. The Company also elected to apply the optional practical expedient package to not reassess existing or expired contracts for lease components, lease classification or initial direct costs. The adoption of ASU 2016-02, as amended, resulted in the recognition of approximately $11.5 million right of use assets and $15.4 million liabilities for operating leases, of which $10.3 million and $14.2 million related to continuing operations, respectively. ASU 2016-02 did not have a material impact on the Company's Condensed Consolidated Income Statements. In July 2019, the FASB issued Accounting Standards Update ("ASU") No. 2019-07, Codification Updates to SEC Sections ("ASU 2019-07"). The purpose of ASU 2019-07 is to amend various SEC paragraphs pursuant to the issuance of SEC Final Rule Releases No. 33-10532, Disclosure Update and Simplification , and Nos. 33-10231 and 33-10442, Investment Company Reporting Modernization . Among other revisions, the amendments reduce duplication and clarify the inclusion of comprehensive income. The Company has adopted all of the amendments of ASU 2019-07 as of July 2019 with no impact to the Company's condensed consolidated financial statements. 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. The Company elected to adopt this ASU prospectively as of January 1, 2020 and has implemented a control structure to identify cloud computing arrangements for appropriate accounting treatment similar to its procedures for right of use assets. ASU 2018-15 did not have a material impact 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 adoption of ASU 2018-13 at January 1, 2020 did not 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 has adopted all of the amendments of ASU 2017-04 as of January 2020 with no impact to the Company's condensed consolidated financial statements. The Company used the simplified subsequent measurement requirements per ASU 2017-04 in its impairment analysis. In March 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was enacted in response to COVID-19. Among other things, the CARES Act provides income tax relief inclusive of permitting NOL carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The Company has reviewed the tax relief provisions of the CARES Act regarding its eligibility and determined that the impact is likely to be insignificant with regard to its effective tax rate. The Company continues to monitor and evaluate its eligibility for the CARES Act tax relief provisions to identify any that may become applicable in the future. Accounting Standards to be Adopted in Future Periods In March 2020, the FASB issued Accounting Standards Update ("ASU") No. 2020-03, Codification Improvements to Financial Instruments ("ASU 2020-03"). The purpose of ASU 2020-03 is to clarify, correct errors in or make minor improvements to the codification. Among other revisions, the amendments clarify that an entity should record an allowance for credit losses when an entity regains control of financial assets sold in accordance with Topic 326. ASU 2020-03 also clarifies disclosure requirements for debt securities under Topic 942 and affirms that all entities are required to provide the fair value option disclosures within paragraphs 825-10-50-24 through 50-32 of the codification. The amendments in this update are effective on the latter of the issuance of ASU 2020-03 or the effective date of their related topic. The Company does not anticipate the adoption of ASU 2020-03 to have a material impact on the Company's condensed consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). The purpose of ASU 2020-04 is to provide optional guidance for a period of time related to accounting for reference rate reform on financial reporting. It is intended to reduce the potential burden of reviewing contract modifications related to discontinued rates. The amendments and expedients in this update are effective as of March 12, 2020 through December 31, 2022 and may be elected by topic. The Company is assessing the potential impact of electing all or portions of ASU 2020-04 on the Company's condensed consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU 2019-12"). The purpose of ASU 2019-12 is to reduce complexity in the accounting standards for income taxes by removing certain exceptions as well as clarifying certain allocations. This update also addresses the split recognition of franchise taxes that are partially based on income between income-based tax and non-income-based tax. This guidance is effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is still assessing the potential impact of ASU 2019-12 on the Company's condensed consolidated financial statements. In June 2016, the FASB issued 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. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments ("ASU 2019-04"). This amendment clarifies the guidance in ASU 2016-13. The guidance in ASU 2016-13 was further clarified by ASU No. 2019-11, Codification Improvements to Topic 326, Financial Instruments ("ASU 2019-11") issued in November 2019. ASU 2019-11 provides transition relief such as permitting entities an accounting policy election regarding existing TDRs, among other things. In May 2019, the FASB issued ASU No. 2019-05, Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief ("ASU 2019-05"). The purpose of this amendment is to provide entities that have certain instruments within the scope of Subtopic 326-20, Financial Instruments-Credit Losses-Measured at Amortized Cost, with an option to irrevocably elect the fair value option in Subtopic 825-10, Financial Instruments-Overall , on an instrument-by-instrument basis. Election of this option is intended to increase comparability of financial statement information and reduce costs for certain entities to comply with ASU 2016-13. For public entities, ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2019, the FASB issued ASU No. 2019-10, Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates ("ASU 2019-10") . The purpose of this amendment is to create a two-tier rollout of major updates, staggering the effective dates between larger public companies and all other entities. This granted certain classes of companies, including Smaller Reporting Companies ("SRCs"), additional time to implement major FASB standards, including ASU 2016-13. Larger public companies will still have an effective date for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. All other entities are permitted to defer adoption of ASU 2016-13, and its related amendments, until the earlier of fiscal periods beginning after December 15, 2022. In February 2020, the FASB issued ASU No. 2020-02, Financial Instruments - Credit Losses (Topic 326), and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-12 ("ASU 2020-02") . ASU 2020-02 updates the SEC staff guidance related to ASU 2016-13 and all contingent amendments.

Basis of Presentation and Acc_3

Basis of Presentation and Accounting Changes (Tables)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Immaterial Error Corrections	The Company concluded the error was immaterial to the unaudited Condensed Consolidated Financial Statements included in the Company's Quarterly Report on Form 10-Q for the three and six months ended June 30, 2019 and has revised its Condensed Consolidated Financial Statements for the three months ended June 30, 2019 presented in this Form 10-Q. A summary of the correction is below. (Dollars in thousands) Three Months Ended June 30, 2019 As reported: Foreign currency translation adjustment, net of tax of $(1) $ 724 Total other comprehensive income, net of tax 724 Total comprehensive income $ 6,496 As corrected: Foreign currency translation adjustment, net of tax of $1 $ (724 ) Total other comprehensive income, net of tax (724 ) Total comprehensive income $ 5,048
Property, Plant and Equipment	The following table summarizes the components of net property and equipment. (Dollars in thousands) June 30, 2020 December 31, 2019 Property and equipment, gross $ 110,187 $ 100,766 Accumulated depreciation and amortization (73,501 ) (64,822 ) Property and equipment, net $ 36,686 $ 35,944

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Computation of earnings (loss) per share	The computation of earnings per share was as follows for three and six months ended June 30, 2020 and 2019 : Three Months Ended Six Months Ended (Dollars in thousands, except share and per share amounts) 2020 2019 2020 2019 Numerator (basic and diluted): Net income from continuing operations $ 16,093 $ 8,383 $ 24,015 $ 19,338 Net loss from discontinued operations (7,540 ) (2,611 ) (20,373 ) (208 ) Net income $ 8,553 $ 5,772 $ 3,642 $ 19,130 Denominator (basic): Basic weighted average number of shares outstanding 42,182,412 43,681,159 42,673,879 43,514,862 Denominator (diluted): Basic weighted average number of shares outstanding 42,182,412 43,681,159 42,673,879 43,514,862 Effect of potentially dilutive securities: Employee share plans (options, RSUs and ESPP) 329,396 610,657 416,851 628,085 Diluted weighted average number of shares outstanding 42,511,808 44,291,816 43,090,730 44,142,947 Basic and diluted earnings per share: Continuing operations $ 0.38 $ 0.19 $ 0.56 $ 0.44 Discontinued operations (0.18 ) (0.06 ) (0.47 ) — Basic earnings per share $ 0.20 $ 0.13 $ 0.09 $ 0.44 Continuing operations $ 0.38 $ 0.19 $ 0.56 $ 0.44 Discontinued operations (0.18 ) (0.06 ) (0.47 ) (0.01 ) Diluted earnings per share $ 0.20 $ 0.13 $ 0.09 $ 0.43

Loans Receivable and Revenue (T

Loans Receivable and Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Revenue from consumer loans	Revenues generated from the Company’s consumer loans for the three and six months ended June 30, 2020 and 2019 were as follows: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Finance charges $ 71,565 $ 80,292 $ 167,730 $ 161,469 CSO fees 3,967 10,092 11,308 23,800 Lines of credit fees 42,271 59,317 100,844 124,050 Other 188 673 576 1,121 Total revenues $ 117,991 $ 150,374 $ 280,458 $ 310,440
Schedule of loans receivable	The following reflects the credit quality of the Company’s loans receivable as of June 30, 2020 and December 31, 2019 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 up to a 16 -day grace period when or before a payment becomes due and, if granted, the loan is considered current during the grace period. In response to the COVID-19 pandemic, the Company, along with the banks it supports, has also expanded existing payment flexibility programs to provide temporary payment relief to certain customers who meet the program’s qualifications. These programs allow for a deferral of payments for an initial period of 30 to 60 days, which the Company may extend for an additional 30 days, for a maximum of 180 days on a cumulative basis. A customer will return to the normal payment schedule after the end of the deferral period, with the extension of the maturity date equivalent to the deferral period, which is not to exceed an additional 180 days. Customers that were 30 days past due or less as of March 1, 2020 or the date the customer requested the deferral are considered current. Customers more than 30 days past due as of March 1, 2020 or the date the customer requested the deferral are considered delinquent. As of June 30, 2020 , 12.5% of customers have been provided relief through a COVID-19 payment deferral program for a total of $50.7 million in loans with deferred payments . We believe the Allowance for loan losses is adequate to absorb the losses inherent in the portfolio as of June 30, 2020 . Installment loans, lines of credit and credit cards not impacted by COVID 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 TDR as of June 30, 2020 and December 31, 2019 have been charged off. June 30, 2020 (Dollars in thousands) Rise Elastic(1) Total Current loans $ 237,252 $ 171,652 $ 408,904 Past due loans 15,568 6,600 22,168 Total loans receivable 252,820 178,252 431,072 Net unamortized loan premium 142 1,248 1,390 Less: Allowance for loan losses (39,458 ) (19,980 ) (59,438 ) Loans receivable, net $ 213,504 $ 159,520 $ 373,024 December 31, 2019 (Dollars in thousands) Rise Elastic(1) Total Current loans $ 307,406 $ 243,380 $ 550,786 Past due loans 46,386 22,395 68,781 Total loans receivable 353,792 265,775 619,567 Net unamortized loan premium 290 2,128 2,418 Less: Allowance for loan losses (50,019 ) (29,893 ) (79,912 ) Loans receivable, net $ 304,063 $ 238,010 $ 542,073 (1) Includes immaterial balances related to the Today Card.
Changes in the allowance for loan losses	The changes in the allowance for loan losses for the three and six months ended June 30, 2020 and 2019 are as follows: Three Months Ended June 30, 2020 (Dollars in thousands) Rise Elastic(1) Total Balance beginning of period $ 51,707 $ 26,053 $ 77,760 Provision for loan losses 27,007 14,470 41,477 Charge-offs (41,993 ) (22,355 ) (64,348 ) Recoveries of prior charge-offs 3,893 1,812 5,705 Total 40,614 19,980 60,594 Accrual for CSO lender owned loans (1,156 ) — (1,156 ) Balance end of period $ 39,458 $ 19,980 $ 59,438 Three Months Ended June 30, 2019 (Dollars in thousands) Rise Elastic(1) Total Balance beginning of period $ 39,350 $ 28,341 $ 67,691 Provision for loan losses 43,013 25,269 68,282 Charge-offs (46,078 ) (30,452 ) (76,530 ) Recoveries of prior charge-offs 5,108 3,321 8,429 Total 41,393 26,479 67,872 Accrual for CSO lender owned loans (1,983 ) — (1,983 ) Balance end of period $ 39,410 $ 26,479 $ 65,889 Six Months Ended June 30, 2020 (Dollars in thousands) Rise Elastic(1) Total Balance beginning of period $ 52,099 $ 29,893 $ 81,992 Provision for loan losses 81,576 38,476 120,052 Charge-offs (102,130 ) (52,669 ) (154,799 ) Recoveries of prior charge-offs 9,069 4,280 13,349 Total 40,614 19,980 60,594 Accrual for CSO lender owned loans (1,156 ) — (1,156 ) Balance end of period $ 39,458 $ 19,980 $ 59,438 Six Months Ended June 30, 2019 (Dollars in thousands) Rise Elastic(1) Total Balance beginning of period $ 50,597 $ 36,050 $ 86,647 Provision for loan losses 88,806 54,831 143,637 Charge-offs (107,897 ) (70,012 ) (177,909 ) Recoveries of prior charge-offs 9,887 5,610 15,497 Total 41,393 26,479 67,872 Accrual for CSO lender owned loans (1,983 ) — (1,983 ) Balance end of period $ 39,410 $ 26,479 $ 65,889
Troubled debt restructurings	The table below presents the Company's average outstanding recorded investment and interest income recognized on TDR loans for the three and six months ended June 30, 2020 and 2019 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Average outstanding recorded investment(1) $ 13,266 $ 11,943 $ 13,914 $ 12,050 Interest income recognized $ 2,522 $ 3,265 $ 6,252 $ 4,849 1. Simple average as of June 30, 2020 and 2019, respectively. The following table summarizes the financial effects, excluding impacts related to credit loss allowance and impairment, of TDRs for the three and six months ended June 30, 2020 and 2019 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Outstanding recorded investment before TDR $ 489 $ 5,152 $ 6,917 $ 13,496 Outstanding recorded investment after TDR 457 4,734 6,562 12,063 Total principal and interest forgiveness included in charge-offs within the Allowance for loan losses $ 32 $ 418 $ 355 $ 1,433 The table below presents the Company's loans modified as TDRs as of June 30, 2020 and December 31, 2019 : (Dollars in thousands) 2020 2019 Current outstanding investment $ 9,558 $ 11,313 Delinquent outstanding investment 1,408 5,549 Outstanding recorded investment 10,966 16,862 Less: Impairment included in Allowance for loan losses (1,624 ) (4,414 ) Outstanding recorded investment, net of impairment $ 9,342 $ 12,448

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 and December 31, 2019 : (Dollars in thousands) June 30, December 31, ASSETS Cash and cash equivalents $ 20,847 $ 7,541 Loans receivable, net of allowance for loan losses of $18,097 and $17,436, respectively 93,337 111,281 Receivable from payment processors ($293 and $0 eliminates upon consolidation) 709 681 Total assets $ 114,893 $ 119,503 LIABILITIES AND SHAREHOLDER’S EQUITY Accounts payable and accrued liabilities ($11,294 and $7,114, respectively, eliminates upon consolidation) $ 12,463 $ 8,576 Reserve deposit liability ($8,950 and $8,950, respectively, eliminates upon consolidation) 8,950 8,950 Notes payable, net 93,480 101,977 Total liabilities and shareholder’s equity $ 114,893 $ 119,503 The following table summarizes the assets and liabilities of the VIE that are included within the Company’s Condensed Consolidated Balance Sheets at June 30, 2020 and December 31, 2019 : (Dollars in thousands) June 30, December 31, ASSETS Cash and cash equivalents $ 80,028 $ 26,245 Loans receivable, net of allowance for loan losses of $18,604 and $28,852, respectively 152,591 234,504 Receivable from payment processors 4,245 6,363 Total assets $ 236,864 $ 267,112 LIABILITIES AND SHAREHOLDER’S EQUITY Accounts payable and accrued liabilities ($7,700 and $7,690, respectively, eliminates upon consolidation) $ 13,442 $ 15,902 Deferred revenue 2,715 4,280 Reserve deposit liability ($23,150 and $23,150, respectively, eliminates upon consolidation) 23,150 23,150 Notes payable, net 197,557 223,780 Total liabilities and shareholder’s equity $ 236,864 $ 267,112

Notes Payable, Net (Tables)

Notes Payable, Net (Tables)	6 Months Ended
	Jun. 30, 2020
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) June 30, December 31, US Term Note bearing interest at the base rate + 7.25% (2020) or + 7.5% (2019) $ 129,500 $ 182,000 4 th Tranche Term Note bearing interest at the base rate + 13% 18,050 18,050 EF SPV Term Note bearing interest at the base rate + 7.25% (2020) or + 7.5% (2019) 93,500 102,000 ESPV Term Note bearing interest at the base rate + 7.25% (2020) or + 7.5% (2019) 199,500 226,000 Debt issuance costs (2,376 ) (2,611 ) Total $ 438,174 $ 525,439
Future debt maturities	Future debt maturities as of June 30, 2020 are as follows: Year (dollars in thousands) June 30, 2020 Remainder of 2020 $ — 2021 18,050 2022 — 2023 — 2024 422,500 Thereafter — Total $ 440,550

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying value of acquired finite-lived intangible assets	The carrying value of acquired intangible assets as of June 30, 2020 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 211 $ (211 ) $ — Non-compete 2,461 (1,799 ) 662 Customers 126 (126 ) — Assets not subject to amortization: Domain names 531 — 531 Total $ 3,329 $ (2,136 ) $ 1,193 The carrying value of acquired intangible assets as of December 31, 2019 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 211 $ (211 ) $ — Non-compete 2,461 (1,739 ) 722 Customers 126 (126 ) — Assets not subject to amortization: Domain names 531 — 531 Total $ 3,329 $ (2,076 ) $ 1,253
Carrying value of acquired indefinite-lived intangible assets	The carrying value of acquired intangible assets as of June 30, 2020 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 211 $ (211 ) $ — Non-compete 2,461 (1,799 ) 662 Customers 126 (126 ) — Assets not subject to amortization: Domain names 531 — 531 Total $ 3,329 $ (2,136 ) $ 1,193 The carrying value of acquired intangible assets as of December 31, 2019 is presented in the table below: (Dollars in thousands) Cost Accumulated Amortization Net Assets subject to amortization: Acquired technology $ 211 $ (211 ) $ — Non-compete 2,461 (1,739 ) 722 Customers 126 (126 ) — Assets not subject to amortization: Domain names 531 — 531 Total $ 3,329 $ (2,076 ) $ 1,253
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 2021 $ 120 2022 120 2023 120 2024 120 2025 120

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Summary of total lease cost and supplemental cash flow information	Total lease cost for the three and six months ended June 30, 2020 , included in Occupancy and equipment in the Condensed Consolidated Income Statements, is detailed in the table below: Three Months Ended June 30, Lease cost (dollars in thousands) 2020 2019 Operating lease cost $ 808 $ 795 Short-term lease cost — 7 Total lease cost $ 808 $ 802 Six Months Ended June 30, Lease cost (dollars in thousands) 2020 2019 Operating lease cost $ 1,616 $ 1,523 Short-term lease cost — 17 Total lease cost $ 1,616 $ 1,540 Further information related to leases is as follows: Three Months Ended June 30, Supplemental cash flows information (dollars in thousands) 2020 2019 Cash paid for amounts included in the measurement of lease liabilities $ 931 $ 778 Right-of-use assets obtained in exchange for lease obligations $ — $ 1,110 Weighted average remaining lease term 4.0 years 4.6 years Weighted average discount rate 10.23 % 10.23 % Six Months Ended June 30, Supplemental cash flows information (dollars in thousands) 2020 2019 Cash paid for amounts included in the measurement of lease liabilities $ 1,855 $ 1,378 Right-of-use assets obtained in exchange for lease obligations $ — $ 1,110 Weighted average remaining lease term 4.0 years 4.6 years Weighted average discount rate 10.23 % 10.23 %
Summary of future lease payments	Future minimum lease payments as of June 30, 2020 are as follows: Year (dollars in thousands) Operating Leases 2020 $ 1,905 2021 3,876 2022 3,984 2023 3,486 2024 1,438 Thereafter 1,892 Total future minimum lease payments $ 16,581 Less: Imputed interest (3,374 ) Operating lease liabilities $ 13,207

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Summary of stock option activity	A summary of stock option activity as of and for the six months ended June 30, 2020 is presented below: Stock Options Shares Weighted Average Weighted Average Remaining Contractual Life (in years) Outstanding at December 31, 2019 2,269,178 $ 4.58 Granted 55,161 3.39 Exercised (87,500 ) 2.13 Expired (12,500 ) 2.13 Forfeited (49,273 ) 3.99 Outstanding at June 30, 2020 2,175,066 4.67 3.59 Options exercisable at June 30, 2020 2,079,200 $ 4.71 3.33
Summary of RSU activity	A summary of RSU activity as of and for the six months ended June 30, 2020 is presented below: RSUs Shares Weighted Average Unvested at December 31, 2019 4,161,862 $ 6.10 Granted 1,246,948 1.64 Vested (1,207,839 ) 6.63 Forfeited (58,029 ) 5.04 Unvested at June 30, 2020 4,142,942 4.62 Expected to vest at June 30, 2020 3,191,998 $ 4.77

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of interest rate caps	The following table summarizes these interest rate caps for the six months ended June 30, 2020 and 2019 (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, Gains recognized in Interest expense 2020 2019 2020 2019 US Term Note interest rate cap $ — $ — $ — $ 159 ESPV Facility interest rate cap — — — 144 $ — $ — $ — $ 303

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of activity recorded in accumulated other comprehensive income and reclassifications into earnings	The following table summarizes the activity that was recorded in Accumulated other comprehensive income in addition to reclassifications from Accumulated other comprehensive income into earnings related to each of the Company's and ESPV's interest rate caps during the six months ended June 30, 2020 and 2019 . There was no activity during the three months ended June 30, 2020 and 2019 . Six Months Ended Six Months Ended (Dollars in thousands) US Term Note ESPV Facility US Term Note ESPV Facility Beginning unrealized gains in Accumulated other comprehensive income $ — $ — $ 159 $ 144 Gross gains recognized in Accumulated other comprehensive income — — — — Gains reclassified to income through Interest expense — — (159 ) (144 ) Ending unrealized gains in Accumulated other comprehensive income $ — $ — $ — $ —

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of income tax expense	Income tax expense for the three and six months ended June 30, 2020 and 2019 consists of the following: Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2020 2019 2020 2019 Current income tax expense (benefit): Federal $ (1,152 ) $ — $ — $ — State (155 ) 254 332 532 Total current income tax expense (benefit) (1,307 ) 254 332 532 Deferred income tax expense: Federal 6,284 2,108 6,357 6,447 State 3,396 272 3,739 1,670 Total deferred income tax expense 9,680 2,380 10,096 8,117 Total income tax expense $ 8,373 $ 2,634 $ 10,428 $ 8,649

Commitments, Contingencies an_2

Commitments, Contingencies and Guarantees (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Rollforward of amounts accrued	The table below presents a rollforward of the amounts accrued for the three and six months ended June 30, 2020 . (Dollars in thousands) Six Months Ended June 30, 2020 Beginning balance at December 31, 2019 $ — Expected loss accrual 4,263 Net contingent loss related to a legal matter at March 31, 2020 $ 4,263 Expected loss accrual 1,407 Net contingent loss related to a legal matter at June 30, 2020 $ 5,670

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued operations, income statement, balance sheet and cash flow disclosures	The table below presents the financial results of ECIL, which are considered Discontinued operations and are excluded from the Company's results of continuing operations: Three Months Ended Six Months Ended (Dollars in thousands) 2020 (1) 2019 2020 (1) 2019 Revenues $ 9,024 $ 27,386 $ 24,012 $ 56,824 Cost of sales: Provision for loan losses 607 9,743 4,785 21,819 Direct marketing costs 270 5,120 1,372 9,077 Other cost of sales 5,130 6,054 10,790 8,836 Total cost of sales 6,007 20,917 16,947 39,732 Gross profit 3,017 6,469 7,065 17,092 Operating expenses: Compensation and benefits 2,068 3,700 4,785 7,209 Professional services 1,598 1,174 2,879 2,695 Selling and marketing 135 745 605 1,499 Occupancy and equipment 1,028 1,166 2,141 2,396 Depreciation and amortization 926 369 1,427 779 Other 108 205 288 395 Total operating expenses 5,863 7,359 12,125 14,973 Operating (loss) income (2,846 ) (890 ) (5,060 ) 2,119 Other expense: Net interest expense (357 ) (1,011 ) (896 ) (2,230 ) Foreign currency transaction loss (42 ) (710 ) (854 ) (97 ) Impairment loss — — (9,251 ) — Non-operating income 17 — — — Total other expense (382 ) (1,721 ) (11,001 ) (2,327 ) Loss from operations of discontinued operations (3,228 ) (2,611 ) (16,061 ) (208 ) Loss on disposal of discontinued operations (28,512 ) — (28,512 ) — Loss from discontinued operations before taxes (31,740 ) (2,611 ) (44,573 ) (208 ) Income tax benefit 24,200 — 24,200 — Net loss from discontinued operations $ (7,540 ) $ (2,611 ) $ (20,373 ) $ (208 ) (1) Includes ECIL financial results for the period through June 28, 2020. The table below presents the aggregate carrying amounts of the assets and liabilities of ECIL and those carried by the Company as discontinued operations related to ECIL: (Dollars in thousands except share amounts) June 30, December 31, (unaudited) ASSETS Cash and cash equivalents $ — $ 17,698 Restricted cash — 59 Loans receivable, net of allowance for loan losses of $0 and $7,083, respectively — 31,604 Prepaid expenses and other assets — 4,871 Receivable from payment processors — 1,970 Deferred tax assets, net — 1,355 Property and equipment, net — 14,045 Goodwill, net — 9,251 Intangible assets, net — 149 Total assets classified as discontinued operations in the Condensed Consolidated Balance Sheets $ — $ 81,002 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable and accrued liabilities $ 1,209 $ 6,917 Notes payable, net — 29,624 Total liabilities classified as discontinued operations in the Condensed Consolidated Balance Sheets $ 1,209 $ 36,541

Related Parties (Tables)

Related Parties (Tables)	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020 and 2019 are included in Professional services within the Condensed Consolidated Income Statements and were as follows: Three Months Ended June 30, (Dollars in thousands) 2020 2019 Fees and travel expenses $ 122 $ 133 Stock compensation (1) 808 353 Consulting 50 75 Total board related expenses $ 980 $ 561 Six Months Ended June 30, (Dollars in thousands) 2020 2019 Fees and travel expenses $ 255 $ 265 Stock compensation (1) 1,787 720 Consulting 150 150 Total board related expenses $ 2,192 $ 1,135 (1) Includes Elevate's former CEO beginning August 1, 2019.

Basis of Presentation and Acc_4

Basis of Presentation and Accounting Changes - Narrative (Details)		1 Months Ended	3 Months Ended		6 Months Ended
		Mar. 31, 2020	Jun. 30, 2020USD ($)statecountry	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)statesegmentcountry	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Jan. 01, 2019USD ($)
Class of Stock [Line Items]
Accounts payable and accrued liabilities	[1]		$ 25,404,000		$ 25,404,000		$ 38,679,000
Income taxes payable			235,000		235,000		0
Foreign currency translation adjustment, net of tax			(58,000)	$ (724,000)	(2,061,000)	$ (59,000)
Comprehensive loss due to correction of immaterial errors			(9,460,000)	(5,048,000)	(2,546,000)	(18,863,000)
Reclassification of net loss from cumulative translation adjustments			2,300,000		2,300,000
Reclassification of net loss from cumulative translation adjustments, tax benefit			$ 1,369,000	0	$ 1,369,000	0
Loans, grace period before past due					16 days
Number of reportable segments | segment					1
Number of countries in which entity operates in | country			1		1
Goodwill, net			$ 6,776,000		$ 6,776,000		6,776,000
Operating lease right of use assets			9,286,000		9,286,000		10,191,000
Operating lease liabilities			$ 13,207,000		$ 13,207,000		14,352,000
Accounting Standards Update 2016-02
Class of Stock [Line Items]
Operating lease right of use assets								$ 11,500,000
Operating lease liabilities								15,400,000
Installment Loans and Lines of Credit
Class of Stock [Line Items]
Minimum period past due for nonaccrual, installment loans and lies of credit					60 days
Period past due for loans to be classified as troubled debt restructuring (greater than)					60 days
Loan modifications not recognized as troubled debt restructuring, deferral period					6 months
Credit Card Receivable
Class of Stock [Line Items]
Minimum period past due for nonaccrual, installment loans and lies of credit					90 days
Loans, grace period before past due					25 days
Minimum period past due for nonaccrual, credit cards					120 days
Minimum
Class of Stock [Line Items]
Initial deferral period		30 days			30 days
Projection period of financial performance used in income approach for fair value of reporting unit					6 years
Maximum
Class of Stock [Line Items]
Initial deferral period		60 days			60 days
Deferral period		180 days			180 days
Projection period of financial performance used in income approach for fair value of reporting unit					9 years
Elastic Reporting Unit
Class of Stock [Line Items]
Impairment of goodwill					$ 0
Restatement Adjustment
Class of Stock [Line Items]
Accounts payable and accrued liabilities							605,000
Income taxes payable							$ (605,000)
Revision of Prior Period, Error Correction, Adjustment
Class of Stock [Line Items]
Comprehensive loss due to correction of immaterial errors				1,400,000
Rise Product, Lines of Credit
Class of Stock [Line Items]
Number of states, rise product, lines of credit offered | state			2		2
Discontinued Operations, Disposed of by Means Other than Sale | Elevate Credit International Limited
Class of Stock [Line Items]
Goodwill impairment loss			$ 0	0	$ (9,251,000)	0
Continuing Operations | Accounting Standards Update 2016-02
Class of Stock [Line Items]
Operating lease right of use assets								10,300,000
Operating lease liabilities								$ 14,200,000
Interest expense | Interest Rate Cap
Class of Stock [Line Items]
Gain related to the maturation of the interest rate caps			$ 0	$ 0	$ 0	$ 303,000
[1]	These balances include certain assets and liabilities of variable interest entities (“VIEs”) that can only be used to settle the liabilities of that respective VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIEs. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entities.

Basis of Presentation and Acc_5

Basis of Presentation and Accounting Changes - Schedule of Immaterial Error Corrections (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Foreign currency translation adjustment, net of tax	$ (58)	$ (724)	$ (2,061)	$ (59)
Total other comprehensive (loss) income, net of tax	907	(724)	(1,096)	(267)
Total comprehensive income	9,460	5,048	2,546	18,863
Foreign currency translation adjustment, tax expense (tax benefit)	$ 0	1	$ (14)	$ (1)
Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Foreign currency translation adjustment, net of tax		724
Total other comprehensive (loss) income, net of tax		724
Total comprehensive income		6,496
Foreign currency translation adjustment, tax expense (tax benefit)		$ (1)

Basis of Presentation and Acc_6

Basis of Presentation and Accounting Changes - Schedule of Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property and equipment, gross	$ 110,187	$ 100,766
Accumulated depreciation and amortization	(73,501)	(64,822)
Property and equipment, net	$ 36,686	$ 35,944

Earnings Per Share - Computatio

Earnings Per Share - Computation of Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator (basic and diluted):
Net income from continuing operations	$ 16,093	$ 8,383	$ 24,015	$ 19,338
Net loss from discontinued operations	(7,540)	(2,611)	(20,373)	(208)
Net income	$ 8,553	$ 5,772	$ 3,642	$ 19,130
Denominator (basic):
Basic weighted average number of shares outstanding (in shares)	42,182,412	43,681,159	42,673,879	43,514,862
Denominator (diluted):
Basic weighted average number of shares outstanding (in shares)	42,182,412	43,681,159	42,673,879	43,514,862
Effect of potentially dilutive securities:
Employee share plans (options, RSUs and ESPP) (in shares)	329,396	610,657	416,851	628,085
Diluted weighted average number of shares outstanding (in shares)	42,511,808	44,291,816	43,090,730	44,142,947
Basic and diluted earnings per share:
Continuing operations (in usd per share)	$ 0.38	$ 0.19	$ 0.56	$ 0.44
Discontinued operations (in usd per share)	(0.18)	(0.06)	(0.47)	0
Basic earnings per share (in usd per share)	0.20	0.13	0.09	0.44
Continuing operations (in usd per share)	0.38	0.19	0.56	0.44
Discontinued operations (in usd per share)	(0.18)	(0.06)	(0.47)	(0.01)
Diluted earnings per share (in usd per share)	$ 0.20	$ 0.13	$ 0.09	$ 0.43

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stock options
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive shares	2,189,205	1,482,143	1,517,926	1,622,111
RSUs
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive shares	3,887,556	2,470,870	3,780,963	3,415,118

Loans Receivable and Revenue -

Loans Receivable and Revenue - Revenue from Consumer Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total revenues	$ 117,991	$ 150,374	$ 280,458	$ 310,440
Finance charges
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	71,565	80,292	167,730	161,469
CSO fees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	3,967	10,092	11,308	23,800
Lines of credit fees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	42,271	59,317	100,844	124,050
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total revenues	$ 188	$ 673	$ 576	$ 1,121

Loans Receivable and Revenue _2

Loans Receivable and Revenue - Schedule of Receivables (Details) $ in Thousands		1 Months Ended	6 Months Ended
		Mar. 31, 2020USD ($)	Jun. 30, 2020USD ($)state	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Financing Receivable, Past Due [Line Items]
Loans, grace period before past due			16 days
Loans, deferral period, additional extension period			30 days
Loans, threshold period before past due			30 days
Loans, threshold period past due (more than)			30 days
Percentage of customers provided relief through payment deferral program			12.50%
Loans on deferred payment			$ 50,700
Current loans			408,904	$ 550,786
Past due loans			22,168	68,781
Total loans receivable			431,072	619,567
Net unamortized loan premium			1,390	2,418
Less: Allowance for loan losses			(59,438)	(79,912)
Loans receivable, net	[1]		373,024	542,073
Loans in a non-accrual status			21,500	6,100
Interest receivable			25,600	33,000
Rise
Financing Receivable, Past Due [Line Items]
Current loans			237,252	307,406
Past due loans			15,568	46,386
Total loans receivable			252,820	353,792
Net unamortized loan premium			142	290
Less: Allowance for loan losses			(39,458)	(50,019)
Loans receivable, net			213,504	304,063
Elastic
Financing Receivable, Past Due [Line Items]
Current loans			171,652	243,380
Past due loans			6,600	22,395
Total loans receivable			178,252	265,775
Net unamortized loan premium			1,248	2,128
Less: Allowance for loan losses		$ (26,053)	(19,980)	(29,893)	$ (26,479)	$ (28,341)	$ (36,050)
Loans receivable, net			$ 159,520	$ 238,010
Rise Product, Lines of Credit
Financing Receivable, Past Due [Line Items]
Number of states, rise product, lines of credit offered | state			2
Minimum
Financing Receivable, Past Due [Line Items]
Loans, initial deferral period		30 days	30 days
Maximum
Financing Receivable, Past Due [Line Items]
Loans, initial deferral period		60 days	60 days
Loans, deferral period		180 days	180 days
[1]	These balances include certain assets and liabilities of variable interest entities (“VIEs”) that can only be used to settle the liabilities of that respective VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIEs. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entities.

Loans Receivable and Revenue _3

Loans Receivable and Revenue - Allowance for Loan Losses (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance beginning of period				$ 79,912
Provision for loan losses		$ 41,477	$ 68,282	120,052	$ 143,637
Charge-offs		(64,348)	(76,530)	(154,799)	(177,909)
Recoveries of prior charge-offs		5,705	8,429	13,349	15,497
Total						$ 60,594		$ 67,872
Accrual for CSO lender owned loans		(1,156)	(1,983)	(1,156)	(1,983)
Balance end of period		59,438		59,438
Loans receivable, allowance		59,438		79,912		59,438	$ 79,912
Lines of credit to customers	[1]					373,024	542,073
Rise
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance beginning of period		51,707	39,350	52,099	50,597
Provision for loan losses		27,007	43,013	81,576	88,806
Charge-offs		(41,993)	(46,078)	(102,130)	(107,897)
Recoveries of prior charge-offs		3,893	5,108	9,069	9,887
Total						40,614		41,393
Accrual for CSO lender owned loans		(1,156)	(1,983)	(1,156)	(1,983)
Balance end of period		39,458	39,410	39,458	39,410
Loans receivable, allowance		39,458	39,410	39,458	50,597	39,458	52,099	39,410
Elastic
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance beginning of period		26,053	28,341	29,893	36,050
Provision for loan losses		14,470	25,269	38,476	54,831
Charge-offs		(22,355)	(30,452)	(52,669)	(70,012)
Recoveries of prior charge-offs		1,812	3,321	4,280	5,610
Total						19,980		26,479
Accrual for CSO lender owned loans		0	0	0	0
Balance end of period		19,980	26,479	19,980	26,479
Loans receivable, allowance		19,980	26,479	19,980	36,050	19,980	29,893	26,479
Lines of credit to customers						159,520	238,010
Loans Including CSO Lender Owned Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance beginning of period		77,760	67,691	81,992	86,647
Balance end of period		59,438	65,889	59,438	65,889
Loans receivable, allowance		59,438	$ 65,889	81,992	$ 65,889	59,438	81,992	$ 65,889
CSO fees
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance beginning of period				2,100
Balance end of period		1,200		1,200
Loans receivable, allowance		$ 1,200		$ 2,100		1,200	2,100
Lines of credit to customers						$ 7,400	$ 19,600
[1]	These balances include certain assets and liabilities of variable interest entities (“VIEs”) that can only be used to settle the liabilities of that respective VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIEs. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entities.

Loans Receivable and Revenue _4

Loans Receivable and Revenue - Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Outstanding recorded investment before TDR	$ 489	$ 5,152	$ 6,917	$ 13,496
Outstanding recorded investment after TDR	457	4,734	6,562	12,063
Total principal and interest forgiveness included in charge-offs within the Allowance for loan losses	32	418	355	1,433
Average outstanding recorded investment	13,266	11,943	13,914	12,050
Interest income recognized	2,522	3,265	6,252	4,849
Recorded investment	10,966		10,966		$ 16,862
Less: Impairment included in Allowance for loan losses	(1,624)		(1,624)		(4,414)
Outstanding recorded investment, net of impairment	$ 9,342		$ 9,342		12,448
Threshold period past due for write-off	60 days		60 days
Troubled debt restructurings, subsequently defaulted during the year	$ 3,400	$ 2,400	$ 9,300	$ 6,800
Troubled debt restructurings, commitments to lend funds	3,000		3,000
Current outstanding investment
Financing Receivable, Impaired [Line Items]
Recorded investment	9,558		9,558		11,313
Delinquent outstanding investment
Financing Receivable, Impaired [Line Items]
Recorded investment	$ 1,408		$ 1,408		$ 5,549

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details) - entity	Aug. 01, 2019	Jul. 31, 2019	Jun. 30, 2020
Variable Interest Entity [Line Items]
Variable interest entity, number of entities			5
Credit Services Organization Lenders
Variable Interest Entity [Line Items]
Variable interest entity, number of entities			3
Variable Interest Entity, Primary Beneficiary | Elastic SPV, Ltd.
Variable Interest Entity [Line Items]
Loan purchase right percentage			90.00%
Variable Interest Entity, Primary Beneficiary | EF SPV, Ltd.
Variable Interest Entity [Line Items]
Loan purchase right percentage	96.00%	95.00%
Loan purchase right percentage, additional purchased	1.00%
Variable Interest Entity, Primary Beneficiary | FinWise Bank
Variable Interest Entity [Line Items]
Loan purchase right percentage		5.00%

Variable Interest Entities - Su

Variable Interest Entities - Summary of Assets and Liabilities (Details) - USD ($) $ in Thousands		Jun. 30, 2020		Dec. 31, 2019		Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents		$ 167,735	[1]	$ 71,215	[1]	$ 54,535	$ 48,349
Loans receivable, net of allowance for loan losses	[1]	373,024		542,073
Loans receivable, allowance		59,438		79,912
Prepaid expenses and other assets	[1]	9,492		6,737
Receivable from payment processors	[1]	6,603		8,681
Total assets		639,671		783,587
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities	[1]	25,404		38,679
Deferred revenue	[1]	5,310		12,087
Notes payable, net	[1]	438,174		525,439
Total liabilities and stockholders’ equity		639,671		783,587
Variable Interest Entity, Primary Beneficiary | Elastic SPV, Ltd.
ASSETS
Cash and cash equivalents		80,028		26,245
Loans receivable, net of allowance for loan losses		152,591		234,504
Loans receivable, allowance		18,604		28,852
Receivable from payment processors		4,245		6,363
Total assets		236,864		267,112
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities		13,442		15,902
Deferred revenue		2,715		4,280
Reserve deposit liability		23,150		23,150
Notes payable, net		197,557		223,780
Total liabilities and stockholders’ equity		236,864		267,112
Variable Interest Entity, Primary Beneficiary | Elastic SPV, Ltd. | Consolidation, Eliminations
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities		7,700		7,690
Reserve deposit liability		23,150		23,150
Variable Interest Entity, Primary Beneficiary | EF SPV, Ltd.
ASSETS
Cash and cash equivalents		20,847		7,541
Loans receivable, net of allowance for loan losses		93,337		111,281
Loans receivable, allowance		18,097		17,436
Receivable from payment processors		709		681
Total assets		114,893		119,503
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities		12,463		8,576
Reserve deposit liability		8,950		8,950
Notes payable, net		93,480		101,977
Total liabilities and stockholders’ equity		114,893		119,503
Variable Interest Entity, Primary Beneficiary | EF SPV, Ltd. | Consolidation, Eliminations
ASSETS
Receivable from payment processors		293		0
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities		11,294		7,114
Reserve deposit liability		$ 8,950		$ 8,950
[1]	These balances include certain assets and liabilities of variable interest entities (“VIEs”) that can only be used to settle the liabilities of that respective VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIEs. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entities.

Notes Payable, Net - Narrative

Notes Payable, Net - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020debt_facility	Mar. 31, 2019USD ($)
VPC
Debt Instrument [Line Items]
Number of debt facilities | debt_facility	3
Line of Credit | ESPV Term Note
Debt Instrument [Line Items]
Amendment fee | $		$ 2.4

Notes Payable, Net - VPC Facili

Notes Payable, Net - VPC Facility (Details) - Line of Credit £ in Millions	Feb. 01, 2019	Jun. 30, 2020USD ($)	Dec. 31, 2019	Dec. 31, 2018	Jun. 29, 2020GBP (£)
US Term Note | Greater of 3-month London Interbank Offered Rate (LIBOR) or Five-Year LIBOR Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate		7.25%	7.50%
US Term Note | Term Notes
Debt Instrument [Line Items]
Maximum borrowing amount		$ 350,000,000
Blended interest rate	10.23%	9.98%	10.23%
Option to pay down amount outstanding, percentage (up to)		20.00%
US Term Note | Term Notes | 3-month LIBOR
Debt Instrument [Line Items]
Basis rate, floor				1.00%
Basis spread on variable rate				11.00%
US Term Note | Term Notes | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.73%
US Term Note | Term Notes | Greater of 3-month London Interbank Offered Rate (LIBOR) or Five-Year LIBOR Swap Rate
Debt Instrument [Line Items]
Basis rate, floor		1.00%
Basis spread on variable rate	7.50%	7.25%
4th Tranche Term Note | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		13.00%
4th Tranche Term Note | Term Notes
Debt Instrument [Line Items]
Maximum borrowing amount		$ 18,000,000
Blended interest rate		15.73%	15.73%
4th Tranche Term Note | Term Notes | 3-month LIBOR
Debt Instrument [Line Items]
Basis rate, floor		1.00%
Basis spread on variable rate		13.00%
4th Tranche Term Note | Term Notes | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		2.73%
Weighted Average | US Term Note | Term Notes | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		2.73%	2.73%
Discontinued Operations, Disposed of by Means Other than Sale | Elevate Credit International Limited | UK Term Note
Debt Instrument [Line Items]
Outstanding balance | £					£ 10.2
Fair value of guarantee obligation		$ 566,000

Notes Payable, Net - EF SPV Fac

Notes Payable, Net - EF SPV Facility (Details) - Line of Credit - USD ($)	Feb. 01, 2019	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
EF SPV Facility
Line of Credit Facility [Line Items]
Maximum borrowing amount		$ 150,000,000
Amount outstanding, re-allocated		$ 43,000,000
Stated interest rate		10.23%
Blended interest rate		9.70%	9.99%
Option to pay down amount outstanding, percentage (up to)		20.00%
Base Rate | EF SPV Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate		2.73%
Greater of 3-month London Interbank Offered Rate (LIBOR) or Five-Year LIBOR Swap Rate | EF SPV Facility
Line of Credit Facility [Line Items]
Basis rate, floor		1.00%
Basis spread on variable rate	7.50%	7.25%	7.50%
Greater of 3-month London Interbank Offered Rate (LIBOR) or Five-Year LIBOR Swap Rate | US Term Note
Line of Credit Facility [Line Items]
Basis spread on variable rate		7.25%	7.50%
Term Notes | US Term Note
Line of Credit Facility [Line Items]
Maximum borrowing amount		$ 350,000,000
Blended interest rate	10.23%	9.98%	10.23%
Option to pay down amount outstanding, percentage (up to)		20.00%
Term Notes | 3-month LIBOR | US Term Note
Line of Credit Facility [Line Items]
Basis rate, floor				1.00%
Basis spread on variable rate				11.00%
Term Notes | Base Rate | US Term Note
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.73%
Term Notes | Greater of 3-month London Interbank Offered Rate (LIBOR) or Five-Year LIBOR Swap Rate | US Term Note
Line of Credit Facility [Line Items]
Basis rate, floor		1.00%
Basis spread on variable rate	7.50%	7.25%
Weighted Average | Base Rate | EF SPV Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate		2.45%	2.49%
Weighted Average | Term Notes | Base Rate | US Term Note
Line of Credit Facility [Line Items]
Basis spread on variable rate		2.73%	2.73%

Notes Payable, Net - ESPV Facil

Notes Payable, Net - ESPV Facility (Details) - Line of Credit - ESPV Term Note - USD ($)	Jul. 01, 2019	Feb. 01, 2019	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Maximum borrowing amount			$ 350,000,000
Blended interest rate	10.23%	15.48%	9.97%	10.22%
Option to pay down amount outstanding, percentage (up to)			20.00%
Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.73%	2.73%
Greater of 3-month London Interbank Offered Rate (LIBOR) or Five-Year LIBOR Swap Rate
Debt Instrument [Line Items]
Basis rate, floor	1.00%
Basis spread on variable rate	7.50%	12.75%	7.25%	7.50%
3-month LIBOR
Debt Instrument [Line Items]
Basis rate, floor					1.00%
Debt Instrument, Interest Rate, Tranche One
Debt Instrument [Line Items]
Outstanding balance					$ 50,000,000
Debt Instrument, Interest Rate, Tranche One | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate					13.00%
Debt Instrument, Interest Rate, Tranche Two | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate					12.00%
Debt Instrument, Interest Rate, Tranche Three | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate					13.50%
Minimum | Debt Instrument, Interest Rate, Tranche Two
Debt Instrument [Line Items]
Outstanding balance					$ 50,000,000
Minimum | Debt Instrument, Interest Rate, Tranche Three
Debt Instrument [Line Items]
Outstanding balance					100,000,000
Maximum | Debt Instrument, Interest Rate, Tranche Two
Debt Instrument [Line Items]
Outstanding balance					100,000,000
Maximum | Debt Instrument, Interest Rate, Tranche Three
Debt Instrument [Line Items]
Outstanding balance					$ 150,000,000
Maximum | Debt Instrument, Interest Rate, Tranche Four
Debt Instrument [Line Items]
Basis spread on variable rate					12.75%
Outstanding balance					$ 150,000,000
Weighted Average | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate			2.72%	2.72%

Notes Payable, Net - Schedule o

Notes Payable, Net - Schedule of Debt (Details) - USD ($) $ in Thousands		Jan. 01, 2020	Jul. 01, 2019	Feb. 01, 2019	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Long term debt					$ 440,550		$ 440,550
Debt issuance costs					(2,376)		(2,376)		$ (2,611)
Total	[1]				438,174		438,174		525,439
Repayments of debt							94,000	$ 60,000
Proceeds from notes payable							6,500	$ 27,000
Line of Credit | US Term Note bearing interest at the base rate 7.25% (2020) or 7.5% (2019)
Debt Instrument [Line Items]
Long term debt					129,500		$ 129,500		$ 182,000
Repayments of debt					25,000	$ 27,500
Line of Credit | US Term Note bearing interest at the base rate 7.25% (2020) or 7.5% (2019) | Greater of 3-month London Interbank Offered Rate (LIBOR) or Five-Year LIBOR Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate							7.25%		7.50%
Line of Credit | 4th Tranche Term Note bearing interest at the base rate 13%
Debt Instrument [Line Items]
Long term debt					18,050		$ 18,050		$ 18,050
Line of Credit | 4th Tranche Term Note bearing interest at the base rate 13% | 3-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate							13.00%
Line of Credit | EF SPV Term Note bearing interest at the base rate 7.25% (2020) or 7.5% (2019)
Debt Instrument [Line Items]
Long term debt					93,500		$ 93,500		$ 102,000
Repayments of debt					15,000
Proceeds from notes payable						6,500
Line of Credit | EF SPV Term Note bearing interest at the base rate 7.25% (2020) or 7.5% (2019) | Greater of 3-month London Interbank Offered Rate (LIBOR) or Five-Year LIBOR Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate				7.50%			7.25%		7.50%
Line of Credit | ESPV Term Note bearing interest at the base rate 7.25% (2020) or 7.5% (2019)
Debt Instrument [Line Items]
Long term debt					199,500		$ 199,500		$ 226,000
Repayments of debt					$ 20,000	$ 6,500
Line of Credit | ESPV Term Note bearing interest at the base rate 7.25% (2020) or 7.5% (2019) | Greater of 3-month London Interbank Offered Rate (LIBOR) or Five-Year LIBOR Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate			7.50%	12.75%			7.25%		7.50%
Line of Credit | US Term Note, EF SPV Facility and ESPV Term Note
Debt Instrument [Line Items]
Reduction on basis spread of variable rate		0.25%
Potential reduction on basis spread on variable rate							0.25%
[1]	These balances include certain assets and liabilities of variable interest entities (“VIEs”) that can only be used to settle the liabilities of that respective VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIEs. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entities.

Notes Payable, Net - Future Deb

Notes Payable, Net - Future Debt Maturities (Details) $ in Thousands	Jun. 30, 2020USD ($)
Maturities of Long-term Debt [Abstract]
Remainder of 2020	$ 0
2021	18,050
2022	0
2023	0
2024	422,500
Thereafter	0
Total	$ 440,550

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)reporting_unit	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Goodwill [Line Items]
Goodwill, net	$ 6,776,000		$ 6,776,000		$ 6,776,000
Goodwill deductible for tax purposes	$ 300,000		$ 300,000
Number of reporting units | reporting_unit			2
Impact of 50 basis point increase or decrease of discount rate on goodwill	3.00%		3.00%
Amortization expense	$ 30,000	$ 106,000	$ 60,000	$ 250,000
Weighted average remaining amortization period for the intangible assets			5 years 6 months
Elastic Reporting Unit
Goodwill [Line Items]
Impairment of goodwill			$ 0
Minimum | Valuation Technique, Discounted Cash Flow | Measurement Input, Discount Rate
Goodwill [Line Items]
Discount rate used to value reporting units under discounted cash flow analysis	0.19		0.19
Maximum | Valuation Technique, Discounted Cash Flow | Measurement Input, Discount Rate
Goodwill [Line Items]
Discount rate used to value reporting units under discounted cash flow analysis	0.204		0.204
Elevate Credit International Limited | Discontinued Operations, Disposed of by Means Other than Sale
Goodwill [Line Items]
Goodwill impairment loss	$ 0	$ 0	$ 9,251,000	$ 0
Domain impairment			$ 149,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, accumulated amortization	$ (2,136)	$ (2,076)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible assets, cost	3,329	3,329
Intangible assets, net	1,193	1,253
Domain names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	531	531
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, cost	211	211
Finite-lived intangible assets, accumulated amortization	(211)	(211)
Finite-lived intangible assets, net	0	0
Non-compete
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, cost	2,461	2,461
Finite-lived intangible assets, accumulated amortization	(1,799)	(1,739)
Finite-lived intangible assets, net	662	722
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	Jun. 30, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 120
2022	120
2023	120
2024	120
2025	$ 120

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Term of option to extend (up to)	10 years
Operating lease right of use assets	$ 9,286	$ 10,191
Operating lease liabilities	$ 13,207	$ 14,352
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	3 years
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	7 years

Leases - Summary of Total Lease

Leases - Summary of Total Lease Cost and Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 808	$ 795	$ 1,616	$ 1,523
Short-term lease cost	0	7	0	17
Total lease cost	808	802	1,616	1,540
Cash paid for amounts included in the measurement of lease liabilities	931	778	1,855	1,378
Right-of-use assets obtained in exchange for lease obligations	$ 0	$ 1,110	$ 0	$ 1,110
Weighted average remaining lease term	4 years	4 years 7 months 6 days	4 years	4 years 7 months 6 days
Weighted average discount rate	10.23%	10.23%	10.23%	10.23%

Leases - Summary of Future Leas

Leases - Summary of Future Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
2020	$ 1,905
2021	3,876
2022	3,984
2023	3,486
2024	1,438
Thereafter	1,892
Total future minimum lease payments	16,581
Less: Imputed interest	(3,374)
Operating lease liabilities	$ 13,207	$ 14,352

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 2.6	$ 2.5	$ 5.3	$ 4.9
2016 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for issuance (in shares)	8,069,926		8,069,926
Plan expiration period			10 years
Shares available for grant (in shares)	1,751,915		1,751,915

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Option Activity (Details) - Stock Option $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation contractual term	P10Y
Vesting period	4 years
Stock Option Activity
Options, Outstanding (in shares) | shares	2,269,178
Options, Granted (in shares) | shares	55,161
Options, Exercised (in shares) | shares	(87,500)
Options, Expired (in shares) | shares	(12,500)
Options, Forfeited (in shares) | shares	(49,273)
Options, Outstanding (in shares) | shares	2,175,066
Weighted Average Exercise Price
Options Outstanding, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 4.58
Options Granted, Weighted Average Exercise Price (in usd per share) | $ / shares	3.39
Options Exercised, Weighted Average Exercise Price (in usd per share) | $ / shares	2.13
Options Expired, Weighted Average Expired Price (in usd per share) | $ / shares	2.13
Options Forfeited, Weighted Average Exercise Price (in usd per share) | $ / shares	3.99
Options Outstanding, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 4.67
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options exercisable (in shares) | shares	2,079,200
Options exercisable, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 4.71
Options Outstanding, Weighted Average Remaining Contractual Life	3 years 7 months 2 days
Options exercisable, Weighted Average Remaining Contractual Life	3 years 3 months 29 days
Unrecognized compensation cost related to non-vested stock | $	$ 115
Unrecognized compensation, weighted average period for recognition	2 years 2 months 12 days
Total intrinsic value of options exercised | $	$ 216

Share-Based Compensation - RSU

Share-Based Compensation - RSU Activity (Details) - RSUs $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value (in usd per share)	$ 1.64
Nonvested Restricted Stock Unit Activity
Unvested (in shares) | shares	4,161,862
Granted (in shares) | shares	1,246,948
Vested (in shares) | shares	(1,207,839)
Forfeited (in shares) | shares	(58,029)
Unvested (in shares) | shares	4,142,942
Weighted Average Grant-Date Fair Value
Unvested, Weighted Average Grant Date Fair Value (in usd per share)	$ 6.10
Granted, Weighted Average Grant Date Fair Value (in usd per share)	1.64
Vested, Weighted Average Grant Date Fair Value (in usd per share)	6.63
Forfeited, Weighted Average Grant Date Fair Value (in usd per share)	5.04
Unvested, Weighted Average Grant Date Fair Value (in usd per share)	$ 4.62
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Expected to vest (in shares) | shares	3,191,998
Expected to vest (in usd per share)	$ 4.77
Unrecognized compensation | $	$ 12.3
Unrecognized compensation, weighted average period for recognition	2 years 3 months 18 days
Total intrinsic value of vested RSUs | $	$ 2.8
Aggregate intrinsic value of the vested and expected to vest RSUs | $	$ 4.7
2016 Omnibus Incentive Plan | Vesting as of first anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25.00%
2016 Omnibus Incentive Plan | 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 ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 2,600	$ 2,500	$ 5,300	$ 4,900
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)	1,816,716		1,816,716
Number of shares reserved for the Employee Stock Purchase Plan (in shares)	952,598		952,598
Number of shares purchased under the Employee Stock Purchase Plan (in shares)			280,584
Stock based compensation expense	$ 283	$ 386	$ 142	$ 193

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	Jan. 16, 2018	Jun. 30, 2020	Jun. 30, 2019
Interest Rate Cap | US Term Note
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cost of derivative hedge fixed premiums	$ 719,000
Interest Rate Cap | ESPV Facility
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cost of derivative hedge fixed premiums	$ 648,000
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Interest Rate Cap
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Gross gains recognized in accumulated other comprehensive (loss) income		$ 0	$ 0
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Interest Rate Cap | US Term Note
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Gross gains recognized in accumulated other comprehensive (loss) income		0	0
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Interest Rate Cap | ESPV Facility
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Gross gains recognized in accumulated other comprehensive (loss) income		0	$ 0
Discontinued Operations, Disposed of by Means Other than Sale | Elevate Credit International Limited | Line of Credit | UK Term Note
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of guarantee obligation		$ 566,000

Fair Value Measurements - Inter

Fair Value Measurements - Interest Rate Caps (Details) - Interest Rate Cap - Interest expense - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative [Line Items]
Gains recognized in Interest expense	$ 0	$ 0	$ 0	$ 303
US Term Note
Derivative [Line Items]
Gains recognized in Interest expense	0	0	0	159
ESPV Facility
Derivative [Line Items]
Gains recognized in Interest expense	$ 0	$ 0	$ 0	$ 144

Derivatives (Details)

Derivatives (Details)	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jan. 11, 2018derivative
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning	$ 156,489,000	$ 116,791,000
Balance at ending	156,132,000	139,931,000
Interest Rate Cap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of derivative instruments held | derivative			2
Interest Rate Cap | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Gross gains recognized in Accumulated other comprehensive (loss) income	0	0
Interest Rate Cap | US Term Note | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning	0	159,000
Gross gains recognized in Accumulated other comprehensive (loss) income	0	0
Gains reclassified to (loss) income through Interest expense	0	(159,000)
Balance at ending	0	0
Interest Rate Cap | ESPV Facility | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning	0	144,000
Gross gains recognized in Accumulated other comprehensive (loss) income	0	0
Gains reclassified to (loss) income through Interest expense	0	(144,000)
Balance at ending	$ 0	$ 0

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Current income tax expense (benefit):
Federal	$ (1,152)	$ 0	$ 0	$ 0
State	(155)	254	332	532
Total current income tax expense (benefit)	(1,307)	254	332	532
Deferred income tax expense:
Federal	6,284	2,108	6,357	6,447
State	3,396	272	3,739	1,670
Total deferred income tax expense	9,680	2,380	10,096	8,117
Total income tax expense	$ 8,373	$ 2,634	$ 10,428	$ 8,649

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
Effective tax rates			30.30%	30.90%
Cash effective tax rate			6.31%
Operating income	$ 38,065,000	$ 27,953,000	$ 65,961,000	$ 62,923,000	$ 102,000,000	$ 88,000,000	$ 61,000,000
Income from continuing operations before taxes	24,466,000	$ 11,017,000	$ 34,443,000	$ 27,987,000
Period of cumulative pre-tax income position					3 years
Utilization of research and development credit					20.00%
Look forward period for majority of deferred tax assets			1 year
Minimum
Operating Loss Carryforwards [Line Items]
Look forward period			1 year
Look forward period for minority of deferred tax assets			3 years
Maximum
Operating Loss Carryforwards [Line Items]
Look forward period			3 years
Look forward period for minority of deferred tax assets			7 years
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	0		$ 0		$ 42,000,000
Income from continuing operations before taxes					$ 38,400,000	$ 14,100,000
Percentage of improvement of pre-tax earnings over prior period					172.00%
Elevate Credit International Limited | Discontinued Operations, Disposed of by Means Other than Sale
Operating Loss Carryforwards [Line Items]
Deferred tax asset related to disposition	$ 24,200,000		$ 24,200,000

Commitments, Contingencies an_3

Commitments, Contingencies and Guarantees - Narrative (Details)		6 Months Ended
		Jun. 30, 2020USD ($)lawsuit	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2017USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Lines of credit to customers	[1]	$ 373,024,000		$ 542,073,000
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		2,135,000		2,235,000	$ 2,435,000	$ 2,535,000
Letter of Credit
Loans and Leases Receivable Disclosure [Line Items]
Cash balance securing letter of credit		300,000		400,000
Indemnification Agreement
Loans and Leases Receivable Disclosure [Line Items]
Loss contingency accrual		5,670,000	$ 4,263,000	0
Elastic Product | Unfunded Credit Lines
Loans and Leases Receivable Disclosure [Line Items]
Lines of credit to customers		296,400,000		251,200,000
Rise Product | Unfunded Credit Lines
Loans and Leases Receivable Disclosure [Line Items]
Lines of credit to customers		6,200,000		8,300,000
Today Card | Unfunded Credit Lines
Loans and Leases Receivable Disclosure [Line Items]
Lines of credit to customers		$ 4,200,000		$ 600,000
California Rise Loans
Loans and Leases Receivable Disclosure [Line Items]
Number of lawsuits filed | lawsuit		2
Elevate Credit International Limited | Discontinued Operations, Disposed of by Means Other than Sale | Line of Credit | UK Term Note
Loans and Leases Receivable Disclosure [Line Items]
Fair value of guarantee obligation		$ 566,000
[1]	These balances include certain assets and liabilities of variable interest entities (“VIEs”) that can only be used to settle the liabilities of that respective VIE. All assets of the Company are pledged as security for the Company’s outstanding debt, including debt held by the VIEs. For further information regarding the assets and liabilities included in our consolidated accounts, see Note 4—Variable Interest Entities.

Commitments, Contingencies an_4

Commitments, Contingencies and Guarantees - Amounts Accrued for Contingent Loss under Indemnification Agreement (Details) - Indemnification Agreement - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020
Loss Contingency Accrual [Roll Forward]
Beginning balance	$ 4,263	$ 0
Expected loss accrual	1,407	4,263
Ending balance	$ 5,670	$ 4,263

Discontinued Operations - Incom

Discontinued Operations - Income Statement Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other expense:
Net loss from discontinued operations	$ (7,540)	$ (2,611)	$ (20,373)	$ (208)
Elevate Credit International Limited | Discontinued Operations, Disposed of by Means Other than Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	9,024	27,386	24,012	56,824
Cost of sales:
Provision for loan losses	607	9,743	4,785	21,819
Direct marketing costs	270	5,120	1,372	9,077
Other cost of sales	5,130	6,054	10,790	8,836
Total cost of sales	6,007	20,917	16,947	39,732
Gross profit	3,017	6,469	7,065	17,092
Operating expenses:
Compensation and benefits	2,068	3,700	4,785	7,209
Professional services	1,598	1,174	2,879	2,695
Selling and marketing	135	745	605	1,499
Occupancy and equipment	1,028	1,166	2,141	2,396
Depreciation and amortization	926	369	1,427	779
Other	108	205	288	395
Total operating expenses	5,863	7,359	12,125	14,973
Operating (loss) income	(2,846)	(890)	(5,060)	2,119
Other expense:
Net interest expense	(357)	(1,011)	(896)	(2,230)
Foreign currency transaction loss	(42)	(710)	(854)	(97)
Impairment loss	0	0	(9,251)	0
Non-operating income	17	0	0	0
Total other expense	(382)	(1,721)	(11,001)	(2,327)
Loss from operations of discontinued operations	(3,228)	(2,611)	(16,061)	(208)
Loss on disposal of discontinued operations	(28,512)	0	(28,512)	0
Loss from discontinued operations before taxes	(31,740)	(2,611)	(44,573)	(208)
Income tax benefit	24,200	0	24,200	0
Net loss from discontinued operations	$ (7,540)	$ (2,611)	$ (20,373)	$ (208)

Discontinued Operations - Balan

Discontinued Operations - Balance Sheet Disclosures (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Allowance for loan losses	$ 0	$ 7,083
Total assets classified as discontinued operations in the Condensed Consolidated Balance Sheets	0	81,002
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total liabilities classified as discontinued operations in the Condensed Consolidated Balance Sheets	1,209	36,541
Elevate Credit International Limited | Discontinued Operations, Disposed of by Means Other than Sale
ASSETS
Cash and cash equivalents	0	17,698
Restricted cash	0	59
Loans receivable, net of allowance for loan losses of $0 and $7,083, respectively	0	31,604
Prepaid expenses and other assets	0	4,871
Receivable from payment processors	0	1,970
Deferred tax assets, net	0	1,355
Property and equipment, net	0	14,045
Goodwill, net	0	9,251
Intangible assets, net	0	149
Total assets classified as discontinued operations in the Condensed Consolidated Balance Sheets	0	81,002
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities	1,209	6,917
Notes payable, net	0	29,624
Total liabilities classified as discontinued operations in the Condensed Consolidated Balance Sheets	$ 1,209	$ 36,541

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Elevate Credit International Limited - Discontinued Operations, Disposed of by Means Other than Sale $ in Thousands, £ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 29, 2020GBP (£)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Severance costs	$ 643
Line of Credit | UK Term Note
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Outstanding balance | £		£ 10.2
Fair value of guarantee obligation	$ 566

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2017
Related Party Transaction [Line Items]
Accounts payable to related parties	$ 122		$ 122		$ 123
Affiliated Entity
Related Party Transaction [Line Items]
Operating expenses	980	$ 561	2,192	$ 1,135
Affiliated Entity | Fees and travel expenses
Related Party Transaction [Line Items]
Operating expenses	122	133	255	265
Affiliated Entity | Stock compensation
Related Party Transaction [Line Items]
Operating expenses	808	353	1,787	720
Affiliated Entity | Consulting
Related Party Transaction [Line Items]
Operating expenses	50	75	150	150
Line of Credit | VPC Facility | Affiliated Entity
Related Party Transaction [Line Items]
Direct investments in VPC Facility						$ 800
Interest payments on loan	$ 20	$ 21	$ 40	$ 43

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands, £ in Millions	Jul. 23, 2020GBP (£)	Aug. 06, 2020USD ($)shares	Jun. 30, 2020USD ($)
Subsequent Event [Line Items]
Common stock repurchased			$ 8,030
Subsequent Event
Subsequent Event [Line Items]
Common stock repurchased (in shares) | shares		1,696,448
Common stock repurchased		$ 3,200
Elevate Credit International Limited | Term Notes | Line of Credit | UK Term Note | Subsequent Event
Subsequent Event [Line Items]
Debt paydown | £	£ 5