Consumer Portfolio Services (CPSS) 10-K 10 Mar 21 2020 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 03, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020
Current Fiscal Year End Date	--12-31
Entity File Number	001-14116
Entity Registrant Name	CONSUMER PORTFOLIO SERVICES, INC.
Entity Central Index Key	0000889609
Entity Tax Identification Number	33-0459135
Entity Incorporation, State or Country Code	CA
Entity Address, Address Line One	3800 Howard Hughes Pkwy
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89169
City Area Code	949
Local Phone Number	753-6800
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	CPSS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 46,097,927
Entity Common Stock, Shares Outstanding		22,763,433
ICFR Auditor Attestation Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 13,466	$ 5,295
Restricted cash and equivalents	130,686	135,537
Finance receivables measured at fair value	1,523,726	1,444,038
Finance receivables	492,133	897,530
Less: Allowance for finance credit losses	(80,790)	(11,640)
Finance receivables, net	411,343	885,890
Furniture and equipment, net	828	1,512
Deferred tax assets, net	28,512	15,480
Accrued interest receivable	5,017	11,645
Other assets	32,317	39,852
Total Assets	2,145,895	2,539,249
Liabilities
Accounts payable and accrued expenses	43,112	47,077
Warehouse lines of credit	118,999	134,791
Residual interest financing	25,426	39,478
Securitization trust debt	1,803,673	2,097,728
Subordinated renewable notes	21,323	17,534
Total Liabilities	2,012,533	2,336,608
Shareholders' Equity
Preferred stock	0	0
Common stock, no par value; authorized 75,000,000 shares; 22,737,342 and 22,530,918 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively	72,926	71,257
Retained earnings	69,007	139,805
Accumulated other comprehensive loss	(8,571)	(8,421)
Total stockholders' equity	133,362	202,641
Total liabilities and stockholders' equity	2,145,895	2,539,249
Series A Preferred Stock [Member]
Shareholders' Equity
Preferred stock	0	0
Series B Preferred Stock [Member]
Shareholders' Equity
Preferred stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, authorized	4,998,130	4,998,130
Preferred stock, issued	0	0
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares, Issued	22,737,342	22,530,918
Common Stock, Shares, Outstanding	22,737,342	22,530,918
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Series B Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, authorized	1,870	1,870
Preferred stock, issued	0	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues:
Interest income	$ 294,982	$ 337,096	$ 380,297
Mark to finance receivables measured at fair value	(29,528)	0	0
Other income	5,707	8,704	9,478
Total revenues	271,161	345,800	389,775
Expenses:
Employee costs	80,198	80,877	79,318
General and administrative	31,981	33,004	31,037
Interest	101,338	110,528	101,466
Provision for credit losses	14,113	85,773	133,080
Sales	14,206	17,893	17,572
Occupancy	7,421	7,487	7,607
Depreciation and amortization	1,784	1,076	992
Total operating expenses	251,041	336,638	371,072
Income before income tax expense (benefit)	20,120	9,162	18,703
Income tax expense (benefit)	(1,557)	3,756	3,841
Net income	$ 21,677	$ 5,406	$ 14,862
Earnings per share:
Basic	$ 0.96	$ 0.24	$ 0.68
Diluted	$ 0.90	$ 0.22	$ 0.59
Number of shares used in computing earnings per share:
Basic	22,611	22,416	21,989
Diluted	24,003	24,064	24,988

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Net income	$ 21,677	$ 5,406	$ 14,862
Other comprehensive income (loss); change in funded status of pension plan, net of $55, $330 and $173 in tax for 2020, 2019 and 2018, respectively	(150)	(867)	(372)
Comprehensive income	$ 21,527	$ 4,539	$ 14,490

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Amount of tax expense (benefit) for (increase) decrease in value of benefit obligation	$ 55	$ 330	$ 173

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2017	$ 71,582	$ 119,537	$ (7,182)	$ 183,937
Balance at beginning (in shares) at Dec. 31, 2017	21,489
Common stock issued upon exercise of options and warrants	$ 483			483
Common stock issued upon exercise of options and warrants (in shares)	2,315
Repurchase of common stock	$ (5,307)			(5,307)
Repurchase of common stock (in shares)	(1,382)
Other comprehensive income (loss)			(372)	(372)
Stock-based compensation	3,515			3,515
Net income		14,862		14,862
Ending balance, value at Dec. 31, 2018	$ 70,273	134,399	(7,554)	197,118
Balance at end (in shares) at Dec. 31, 2018	22,422
Common stock issued upon exercise of options and warrants	$ 352			352
Common stock issued upon exercise of options and warrants (in shares)	488
Repurchase of common stock	$ (1,440)			(1,440)
Repurchase of common stock (in shares)	(379)
Other comprehensive income (loss)			(867)	(867)
Stock-based compensation	2,072			2,072
Net income		5,406		5,406
Ending balance, value at Dec. 31, 2019	$ 71,257	139,805	(8,421)	202,641
Balance at end (in shares) at Dec. 31, 2019	22,531
Balance, beginning of period (as adjusted after adoption of ASC)	$ 71,257	47,330	(8,421)	110,166
Balance, beginning of period (as adjusted after adoption of ASC) (in shares)	22,531
Adoption of ASC 326		(92,475)		(92,475)
Common stock issued upon exercise of options and warrants	$ 949			949
Common stock issued upon exercise of options and warrants (in shares)	558
Repurchase of common stock	$ (1,215)			(1,215)
Repurchase of common stock (in shares)	(352)
Other comprehensive income (loss)			(150)	(150)
Stock-based compensation	1,935			1,935
Net income		21,677		21,677
Ending balance, value at Dec. 31, 2020	$ 72,926	$ 69,007	$ (8,571)	$ 133,362
Balance at end (in shares) at Dec. 31, 2020	22,737

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net income	$ 21,677	$ 5,406	$ 14,862
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of deferred acquisition fees and origination costs	1,138	1,757	2,655
Net interest income accretion on fair value receivables	133,771	90,383	26,162
Depreciation and amortization	1,784	1,076	992
Amortization of deferred financing costs	8,102	8,281	8,453
Mark to fair value of finance receivables measured at fair value	29,528	(2,109)	0
Provision for credit losses	14,113	85,773	133,080
Stock-based compensation expense	1,935	2,072	3,515
Changes in assets and liabilities:
Accrued interest receivable	6,628	20,324	14,784
Other assets	2,713	7,464	(4,161)
Deferred tax assets, net	21,493	3,708	13,258
Accounts payable and accrued expenses	(4,115)	(7,351)	2,605
Net cash provided by operating activities	238,767	216,784	216,205
Cash flows from investing activities:
Payments received on finance receivables held for investment	332,296	481,289	605,353
Purchases of finance receivables measured at fair value	(739,734)	(1,004,194)	(914,949)
Payments on receivables portfolio at fair value	496,747	292,948	67,721
Change in repossessions held in inventory	3,746	1,354	757
Purchase of furniture and equipment	(24)	(751)	(1,077)
Net cash provided by (used in) investing activities	93,031	(229,354)	(242,195)
Cash flows from financing activities:
Proceeds from issuance of securitization trust debt	714,543	1,000,501	855,828
Proceeds from issuance of subordinated renewable notes	6,750	5,764	3,175
Payments on subordinated renewable notes	(2,961)	(5,520)	(2,451)
Net advances (repayments) of warehouse lines of credit	(16,271)	(1,300)	23,809
Net advances (repayments) of residual interest financing debt	(14,424)	0	40,000
Repayment of securitization trust debt	(1,009,988)	(966,144)	(876,094)
Payment of financing costs	(5,861)	(8,921)	(8,039)
Purchase of common stock	(1,215)	(1,440)	(5,307)
Exercise of options and warrants	949	352	483
Net cash provided by (used in) financing activities	(328,478)	23,292	31,404
Increase in cash and cash equivalents	3,320	10,722	5,414
Cash and cash equivalents at beginning of year	140,832	130,110	124,696
Cash and cash equivalents at end of year	144,152	140,832	130,110
Cash paid (received) during the period for:
Interest	93,571	101,812	92,405
Income taxes	$ (23,997)	$ (5,156)	$ 417

(1) Summary of Significant Acco

(1) Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
(1) Summary of Significant Accounting Policies	(1) Summary of Significant Accounting Policies Description of Business Consumer Portfolio Services, Inc. ( " " " " " " " " 13.5%, 11.1%, 5.4%, 5.3% 5.1%, 12.6%, 10.8%, 6.3%, 5.4% 4.2% We are subject to various regulations and laws as they relate to the extension of credit in consumer credit transactions. Failure to comply with such laws and regulations could have a material adverse effect on the Company. Principles of Consolidation The Consolidated Financial Statements include the accounts of Consumer Portfolio Services, Inc. and its wholly-owned subsidiaries, certain of which are special purpose subsidiaries ( " " 80% Cash and Cash Equivalents For purposes of the statements of cash flows, we consider all highly liquid debt instruments with original maturities of three months or less to be cash equivalents. Cash equivalents consist of cash on hand and due from banks and money market accounts. Substantially all of our cash is deposited at three financial institutions. We maintain cash due from banks in excess of the banks' insured deposit limits. We do not believe we are exposed to any significant credit risk on these deposits. As part of certain financial covenants related to debt facilities, we are required to maintain a minimum unrestricted cash balance. As of December 31, 2020, our unrestricted cash balance was $ 13.5 Finance Receivables Finance receivables, which we have the intent and ability to hold for the foreseeable future or until maturity or payoff, are presented at cost. All finance receivable contracts are held for investment. Interest income is accrued on the unpaid principal balance. Origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the interest method without anticipating prepayments. Generally, payments received on finance receivables are restricted to certain securitized pools, and the related contracts cannot be resold. Finance receivables are charged off pursuant to the controlling documents of certain securitized pools, generally as described below under Charge Off Policy. Management may authorize an extension of payment terms if collection appears likely during the next calendar month. Our portfolio of finance receivables consists of small-balance homogeneous contracts that are collectively evaluated for impairment on a portfolio basis. We report delinquency on a contractual basis. Once a Contract becomes greater than 90 days delinquent, we do not recognize additional interest income until the obligor under the Contract makes sufficient payments to be less than 90 days delinquent. Any payments received on a Contract that is greater than 90 days delinquent are first applied to accrued interest and then to principal reduction. Finance Receivables Measured at Fair Value Effective January 1, 2018, we adopted the fair value method of accounting for finance receivables acquired on or after that date. For each finance receivable acquired after 2017, we consider the price paid on the purchase date as the fair value for such receivable. We estimate the cash to be received in the future with respect to such receivables, based on our experience with similar receivables acquired in the past. We then compute the internal rate of return that results in the present value of those estimated cash receipts being equal to the purchase date fair value. Thereafter, we recognize interest income on such receivables on a level yield basis using that internal rate of return as the applicable interest rate. Cash received with respect to such receivables is applied first against such interest income, and then to reduce the recorded value of the receivables. We re-evaluate the fair value of such receivables at the close of each measurement period. If the reevaluation were to yield a value materially different from the recorded value, an adjustment would be required. For the period ended December 31, 2020, the Company considered the effect of the pandemic on the portfolio of finance receivables carried at fair value and recorded a mark down to that portfolio of $ 29.5 Anticipated credit losses are included in our estimation of cash to be received with respect to receivables. Because such credit losses are included in our computation of the appropriate level yield, we do not thereafter make periodic provision for credit losses, as our best estimate of the lifetime aggregate of credit losses is included in that initial computation. Also because we include anticipated credit losses in our computation of the level yield, the computed level yield is materially lower than the average contractual rate applicable to the receivables. Because our initial recorded value is fixed as the price we pay for the receivable, rather than as the contractual principal balance, we do not record acquisition fees as an amortizing asset related to the receivables, nor do we capitalize costs of acquiring the receivables. Rather we recognize the costs of acquisition as expenses in the period incurred. Allowance for Finance Credit Losses In order to estimate an appropriate allowance for losses likely incurred on finance receivables, we use a loss allowance methodology commonly referred to as " " Charge Off Policy Delinquent contracts for which the related financed vehicle has been repossessed are generally charged off at the earliest of (1) the month in which the proceeds from the sale of the financed vehicle are received, (2) the month in which 90 days have passed from the date of repossession or (3) the month in which the Contract becomes seven scheduled payments past due (see Repossessed and Other Assets below). The amount charged off is the remaining principal balance of the Contract, after the application of the net proceeds from the liquidation of the financed vehicle. With respect to delinquent contracts for which the related financed vehicle has not been repossessed, the remaining principal balance is generally charged off no later than the end of the month that the Contract becomes five scheduled payments past due. Contract Acquisition Fees and Origination Costs Upon purchase of a Contract from a Dealer, we generally either charge or advance the Dealer an acquisition fee. Dealer acquisition fees and deferred origination costs are applied to the recorded value of finance receivables and are accreted into earnings as an adjustment to the yield over the estimated life of the Contract using the interest method. However, for receivables measured at fair value, we do not record acquisition fees as an amortizing asset related to the receivables, nor do we capitalize costs of acquiring the receivables. Rather we recognize the costs of acquisition as expenses in the period incurred. Repossessed and Other Assets If a Contract obligor fails to make or keep promises for payments, or if the obligor is uncooperative or attempts to evade contact or hide the vehicle, a supervisor will review the collection activity relating to the account to determine if repossession of the vehicle is warranted. Generally, such a decision is made between the 60th and 90th day past the obligor’s payment due date, but could occur sooner or later, depending on the specific circumstances. At the time the vehicle is repossessed we stop accruing interest on the Contract, and reclassify the remaining Contract balance to the line item "Other Assets" on our Consolidated Balance Sheet at its estimated fair value less costs to sell. Included in other assets in the accompanying Consolidated Balance Sheets are repossessed vehicles pending sale of $ 3.8 7.5 Treatment of Securitizations Our term securitization structure has generally been as follows: We sell contracts we acquire to a wholly-owned SPS, which has been established for the limited purpose of buying and reselling our contracts. The SPS then transfers the same contracts to another entity, typically a statutory trust ( " " " " " " " " " " " " Our warehouse securitization structures are similar to the above, except that (i) the SPS that purchases the contracts pledges the contracts to secure promissory notes or loans that it issues, and (ii) no increase in the required amount of Credit Enhancement is contemplated. Upon each sale of contracts in a securitization structured as a secured financing, we retain as assets on our Consolidated Balance Sheet the securitized contracts and record as indebtedness the Notes issued in the transaction. We have the power to direct the most significant activities of the SPS. In addition, we have the obligation to absorb losses and the rights to receive benefits from the SPS, both of which could be potentially significant to the SPS. These types of securitization structures are treated as secured financings, in which the receivables remain on our Consolidated Balance Sheet, and the debt issued by the SPS is shown as a securitization trust debt on our Consolidated Balance Sheet. We receive periodic base servicing fees for the servicing and collection of the contracts. In addition, we are entitled to the cash flows from the Trusts that represent collections on the contracts in excess of the amounts required to pay principal and interest on the Notes, the base servicing fees, and certain other fees (such as trustee and custodial fees). Required principal payments on the Notes are generally defined as the payments sufficient to keep the principal balance of the Notes equal to the aggregate principal balance of the related contracts (excluding those contracts that have been charged off), or a pre-determined percentage of such balance. Where that percentage is less than 100%, the related Securitization Agreements require accelerated payment of principal until the principal balance of the Notes is reduced to the specified percentage. Such accelerated principal payment is said to create " " If the amount of cash required for payment of fees, interest and principal on the senior Notes exceeds the amount collected during the collection period, the shortfall is generally withdrawn from the Spread Account, if any. If the cash collected during the period exceeds the amount necessary for the above allocations plus required principal payments on the subordinated Notes, if any, and there is no shortfall in the related Spread Account or other form of Credit Enhancement, the excess is released to us. If the total Credit Enhancement amount is not at the required level, then the excess cash collected is retained in the Trust until the specified level is achieved. Cash in the Spread Accounts is restricted from our use. Cash held in the various Spread Accounts is invested in high quality, liquid investment securities, as specified in the Securitization Agreements. In all of our term securitizations we have transferred the receivables (through a subsidiary) to the securitization Trust. We report the assets and liabilities of the securitization Trust on our Consolidated Balance Sheet. The Noteholders’ and the related securitization Trusts’ recourse against us for failure of the contract obligors to make payments on a timely basis is limited, in general, to our Finance Receivables, and Spread Accounts. Servicing We consider the contractual servicing fee received on our managed portfolio held by non-consolidated subsidiaries to be equal to adequate compensation. Additionally, we consider that these fees would fairly compensate a substitute servicer, should one be required. As a result, no servicing asset or liability has been recognized. Servicing fees received on the managed portfolio held by non-consolidated subsidiaries are reported as income when earned. Servicing fees received on the managed portfolio held by consolidated subsidiaries are included in interest income when earned. Servicing costs are charged to expense as incurred. Servicing fees receivable, which are included in Other Assets in the accompanying Consolidated Balance Sheets, represent fees earned but not yet remitted to us by the trustee. Furniture and Equipment Furniture and equipment are stated at cost net of accumulated depreciation. We calculate depreciation using the straight-line method over the estimated useful lives of the assets, which range from three to five years. Assets held under capital leases and leasehold improvements are amortized over the lesser of the estimated useful lives of the assets or the related lease terms. Amortization expense on assets acquired under capital lease is included with depreciation expense on owned assets. Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of Long-lived assets and certain identifiable intangibles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell. Other Income The following table presents the primary components of Other Income: Schedule of other income Year Ended December 31, 2020 2019 2018 (In thousands) Direct mail revenues $ 3,312 $ 4,659 $ 5,829 Convenience fee revenue 1,490 2,440 1,700 Recoveries on previously charged-off contracts 111 158 248 Sales tax refunds 748 1,239 887 Other 46 208 814 Other income for the period $ 5,707 $ 8,704 $ 9,478 On January 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”. The majority of the Company’s revenues come from interest income which is outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented within Other Income and are recognized as revenue as the Company satisfies its obligation to the customer. Services within the scope of ASC 606 include revenue associated with direct mail and other related products and services that we offer to our dealers. Earnings Per Share Earnings per share were calculated using the weighted average number of shares outstanding for the related period. The following table illustrates the computation of basic and diluted earnings per share: Schedule of computation of earnings per share Year Ended December 31, 2020 2019 2018 (In thousands, except per share data) Numerator: Numerator for basic and diluted earnings per share $ 21,677 $ 5,406 $ 14,862 Denominator: Denominator for basic earnings per share - weighted average number of common shares outstanding during the year 22,611 22,416 21,989 Incremental common shares attributable to exercise of outstanding options and warrants 1,392 1,648 2,999 Denominator for diluted earnings per share 24,003 24,064 24,988 Basic earnings per share $ 0.96 $ 0.24 $ 0.68 Diluted earnings per share $ 0.90 $ 0.22 $ 0.59 Incremental shares of 13.6 11.3 10.3 Deferral and Amortization of Debt Issuance Costs Costs related to the issuance of debt are deferred and amortized using the interest method over the contractual or expected term of the related debt. Unamortized debt issuance costs are presented as a direct deduction to the carrying amount of the related debt on our Consolidated Balance Sheets. Income Taxes The Company and its subsidiaries file a consolidated federal income tax return and combined or stand-alone state franchise tax returns for certain states. We utilize the asset and liability method of accounting for income taxes, under which deferred income taxes are recognized for the future tax consequences attributable to the differences between the financial statement values of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. We estimate a valuation allowance against that portion of the deferred tax asset whose utilization in future periods is not more than likely. Purchases of Company Stock We record purchases of our own common stock at cost and treat the shares as retired. Stock Option Plan The Company accounts for stock-based compensation in accordance with FASB ASC Topic 718, Compensation—Stock Compensation Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, as well as the reported amounts of income and expenses during the reported periods. These are material estimates that could be susceptible to changes in the near term and, accordingly, actual results could differ from those estimates. Reclassification Certain amounts for the prior year have been reclassified to conform to the current year’s presentation with no effect on previously reported earnings or shareholders’ equity. Financial Covenants Certain of our securitization transactions, our residual interest financing and our warehouse credit facilities contain various financial covenants requiring certain minimum financial ratios and results. Such covenants include maintaining minimum levels of liquidity and net worth and not exceeding maximum leverage levels. In addition, certain securitization and non-securitization related debt contain cross-default provisions that would allow certain creditors to declare a default if a default occurred under a different facility. As of December 31, 2020 we were in compliance with all such financial covenants. Provision for Contingent Liabilities We are routinely involved in various legal proceedings resulting from our consumer finance activities and practices, both continuing and discontinued. Our legal counsel has advised us on such matters where, based on information available at the time of this report, there is an indication that it is both probable that a liability has been incurred and the amount of the loss can be reasonably determined. We have recorded a liability as of December 31, 2020, which represents our estimate of the immaterial aggregate probable incurred losses for legal contingencies. The amount of losses that may ultimately be incurred, over and above such losses as are probable, cannot be estimated with certainty. Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification ("ASC")Topic 326, which changes the criteria under which credit losses on financial instruments (such as the Company’s finance receivables) are measured. ASC 326 introduces a new credit reserving model known as the Current Expected Credit Loss (“CECL”) model, which replaces the incurred loss impairment methodology previously used under U.S. GAAP with a methodology that records currently the expected lifetime credit losses on financial instruments. To establish such lifetime credit loss estimates, consideration of a broadened range of reasonable and supportable information to establish credit loss estimates is required. ASC 326 was initially scheduled to become effective for interim and annual reporting periods beginning after December 15, 2019, however on October 16, 2019, the FASB changed the effective date for smaller reporting companies to interim and annual reporting periods beginning after December 15, 2022, with early adoption permitted. Effective January 1, 2020, the Company adopted the CECL model. The adoption of CECL required that we establish an allowance for the remaining expected lifetime credit losses on the portion of the Company’s receivable portfolio for which the Company was not already using fair value accounting. We refer to that portion, which is those receivables that were originated prior to January 2018, as our “legacy portfolio”. To comply with CECL, the Company recorded an addition to its allowance for finance credit losses of $127.0 million. In accordance with the rules for adopting CECL, the offset to the addition to the allowance for finance credit losses was a tax affected reduction to retained earnings using the modified retrospective method, and not a current period expense. Coronavirus Pandemic In December 2019, a new strain of coronavirus (the “COVID-19 virus”) originated in Wuhan, China. Since its discovery, the COVID-19 virus has spread throughout the world, and the outbreak has been declared to be a pandemic by the World Health Organization. We refer from time to time in this report to the outbreak and spread of the COVID-19 virus as “the pandemic.” Results for the year ended December 31, 2020 include the estimated potential effect on credit performance resulting from the pandemic. We recorded a $14.1 14,113 We measure our portfolio of finance receivables carried at fair value with consideration for unobservable inputs that reflect our own assumptions about the factors that market participants use in pricing similar receivables and are based on the best information available in the circumstances. They include such inputs as estimates for the magnitude and timing of net charge-offs and the rate of amortization of the portfolio. The pandemic and the adverse effect it may have on the U.S. economy and our obligors may cause us to consider s ignificant changes in any of those inputs, which in turn may have a significant effect on our fair value measurement.

(2) Restricted Cash

(2) Restricted Cash	12 Months Ended
	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
(2) Restricted Cash	(2) Restricted Cash Restricted cash consists of cash and cash equivalent accounts relating to our outstanding securitization trusts and credit facilities. The amount of restricted cash on our Consolidated Balance Sheets was $ 130.7 135.5 Our securitization transactions and one of our warehouse credit facilities require that we establish cash reserves, or spread accounts, as additional credit enhancement. These cash reserves, which are included in restricted cash, were $ 52.2 54.8

(3) Finance Receivables

(3) Finance Receivables	12 Months Ended
	Dec. 31, 2020
Finance Receivables
(3) Finance Receivables	(3) Finance Receivables Our portfolio of finance receivables consists of small-balance homogeneous contracts comprising a single segment and class that is collectively evaluated for impairment on a portfolio basis according to delinquency status. Our contract purchase guidelines are designed to produce a homogenous portfolio. For key terms such as interest rate, length of contract, monthly payment and amount financed, there is relatively little variation from the average for the portfolio. We report delinquency on a contractual basis. Once a contract becomes greater than 90 days delinquent, we do not recognize additional interest income until the obligor under the contract makes sufficient payments to be less than 90 days delinquent. Any payments received on a contract that is greater than 90 days delinquent are first applied to accrued interest and then to principal reduction. In January 2018 the Company adopted the fair value method of accounting for finance receivables acquired after 2017. Finance receivables measured at fair value are recorded separately on the Company’s Balance Sheet and are excluded from all tables in this footnote. The following table presents the components of finance receivables, net of unearned interest: Schedule of finance receivables December 31, 2020 2019 Finance receivables (In thousands) Automobile finance receivables, net of unearned interest $ 491,307 $ 895,566 Unearned acquisition fees, discounts and deferred origination costs, net 826 1,964 Finance receivables $ 492,133 $ 897,530 We consider an automobile contract delinquent when an obligor fails to make at least 90% of a contractually due payment by the following due date, which date may have been extended within limits specified in the servicing agreements. The period of delinquency is based on the number of days payments are contractually past due, as extended where applicable. Automobile contracts less than 31 days delinquent are not reported as delinquent. In certain circumstances we will grant obligors one-month payment extensions. The only modification of terms is to advance the obligor’s next due date by one month and extend the maturity date of the receivable by one month. In certain limited cases, a two-month extension may be granted. There are no other concessions, such as a reduction in interest rate, forgiveness of principal or of accrued interest. Accordingly, we consider such extensions to be insignificant delays in payments rather than troubled debt restructurings. The following table summarizes the delinquency status of finance receivables as of December 31, 2020 and 2019: Schedule of amortized cost basis of finance receivables December 31, 2020 2019 (In thousands) Delinquency Status Current $ 406,693 $ 698,870 31 - 60 days 56,572 107,951 61 - 90 days 22,660 57,395 91 + days 5,382 31,350 $ 491,307 $ 895,566 Finance receivables totaling $5.4 5,400 31,400 Allowance for Credit Losses – Finance Receivables The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of finance receivables to present the net amount expected to be collected. Charge offs are deducted from the allowance when management believes that collectability is unlikely. Management estimates the allowance using relevant available information, from internal and external sources, relating to past events, current conditions and, reasonable and supportable forecasts. We believe our historical credit loss experience provides the best basis for the estimation of expected credit losses. Consequently, we use historical loss experience for older receivables, aggregated into vintage pools based on their calendar quarter of origination, to forecast expected losses for less seasoned quarterly vintage pools. We measure the weighted average monthly incremental change in cumulative net losses for the vintage pools in the relevant historical period. For the pools in the relevant historical period, we consider each pool’s performance from its inception through the end of the current period. We then apply the results of the historical analysis to less seasoned vintage pools beginning with each vintage pool’s most recent actual cumulative net loss experience and extrapolating from that point based on the historical data. We believe the pattern and magnitude of losses on older vintages allows us to establish a reasonable and supportable forecast of less seasoned vintages. Our contract purchase guidelines are designed to produce a homogenous portfolio. For key credit characteristics of individual contracts such as obligor credit history, job stability, residence stability and ability to pay, there is relatively little variation from the average for the portfolio. Similarly, for key structural characteristics such as loan-to-value, length of contract, monthly payment and amount financed, there is relatively little variation from the average for the portfolio. Consequently, we do not believe there are significant differences in risk characteristics between various segments of our portfolio. Our methodology incorporates historical pools that are sufficiently seasoned to capture the magnitude and trends of losses within those vintage pools. Furthermore, the historical period encompasses a substantial volume of receivables over periods that include fluctuations in the competitive landscape, the Company’s rates of growth, size of our managed portfolio and fluctuations in economic growth and unemployment. In consideration of the depth and breadth of the historical period, and the homogeneity of our portfolio, we generally do not adjust historical loss information for differences in risk characteristics such as credit or structural composition of segments of the portfolio or for changes in environmental conditions such as changes in unemployment rates, collateral values or other factors. Throughout our history we have observed how events such as extreme weather, political unrest, and other qualitative factors have influenced the performance of our portfolio. Consequently, we have considered how such qualitative factors may affect future credit losses and have incorporated our judgement of the effect of those factors into our estimates. The following table presents the amortized cost basis of our finance receivables by annual vintage as of December 31, 2020 and 2019: Schedule of amortized cost basis of finance receivables December 31, December 31, 2020 2019 (In thousands) Annual Vintage Pool 2012 and prior $ 608 $ 2,432 2013 4,483 15,489 2014 23,115 61,290 2015 78,457 162,242 2016 163,677 292,360 2017 220,967 361,753 $ 491,307 $ 895,566 At the adoption of CECL, the Company recorded an addition to its allowance for finance credit losses of $127.0 million. In accordance with the rules for adopting CECL, the offset to the addition to the allowance for finance credit losses was a tax affected reduction to retained earnings using the modified retrospective method. In consideration of the uncertainty associated with the pandemic, the Company made additional provisions for credit losses on finance receivables for the year ended December 31, 2020 in the amount of $14.1 million. The following table presents a summary of the activity for the allowance for finance credit losses, for the years ended December 31, 2020, 2019 and 2018: Schedule of allowance for finance credit losses December 31, 2020 2019 2018 (In thousands) Balance at beginning of year $ 11,640 $ 67,376 $ 109,187 Impact of adopting ASC 326 127,000 n/a n/a Provision for credit losses on finance receivables 14,113 85,773 133,080 Charge-offs (90,824 ) (184,449 ) (220,523 ) Recoveries 18,861 42,940 45,632 Balance at end of year $ 80,790 $ 11,640 $ 67,376 Excluded from finance receivables are contracts that were previously classified as finance receivables but were reclassified as other assets because we have repossessed the vehicle securing the Contract. The following table presents a summary of such repossessed inventory together with the allowance for losses on repossessed inventory: Schedule of allowance for losses on repossessed inventory December 31, 2020 2019 (In thousands) Gross balance of repossessions in inventory $ 15,589 $ 28,933 Allowance for losses on repossessed inventory (11,790 ) (21,389 ) Net repossessed inventory included in other assets $ 3,799 $ 7,544

(4) Furniture and Equipment

(4) Furniture and Equipment	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
(4) Furniture and Equipment	(4) Furniture and Equipment The following table presents the components of furniture and equipment: Schedule of furniture and equipment December 31, 2020 2019 (In thousands) Furniture and fixtures $ 1,648 $ 1,648 Computer and telephone equipment 4,672 6,803 Leasehold improvements 1,507 1,507 7,827 9,958 Less: accumulated depreciation and amortization (6,999 ) (8,446 ) $ 828 $ 1,512 Depreciation expense totaled $ 1,784,000 1,076,000 992,000 2.2

(5) Securitization Trust Debt

(5) Securitization Trust Debt	12 Months Ended
	Dec. 31, 2020
Securitization Trust Debt
(5) Securitization Trust Debt	(5) Securitization Trust Debt We have completed numerous term securitization transactions that are structured as secured borrowings for financial accounting purposes. The debt issued in these transactions is shown on our Consolidated Balance Sheets as “Securitization trust debt,” and the components of such debt are summarized in the following table: Schedule of securitization trust debt Series Final Scheduled Payment Date (1) Receivables Pledged at December 31, 2020 (2) Initial Principal Outstanding Principal at December 31, 2020 Outstanding Principal at December 31, 2019 Weighted Average Contractual Interest Rate at December 31, 2020 (Dollars in thousands) CPS 2014-C December 2021 – 273,000 – 19,758 0.00% CPS 2014-D March 2022 – 267,500 – 23,755 0.00% CPS 2015-A June 2022 – 245,000 – 26,713 0.00% CPS 2015-B September 2022 17,737 250,000 17,984 36,338 6.01% CPS 2015-C December 2022 27,788 300,000 28,529 53,579 6.77% CPS 2016-A March 2023 35,042 329,460 37,158 71,599 7.24% CPS 2016-B June 2023 45,407 332,690 46,079 82,667 7.42% CPS 2016-C September 2023 47,358 318,500 47,325 83,696 7.53% CPS 2016-D April 2024 38,498 206,325 36,455 65,021 5.81% CPS 2017-A April 2024 42,972 206,320 40,619 71,450 5.82% CPS 2017-B December 2023 53,753 225,170 39,016 76,201 5.00% CPS 2017-C September 2024 56,048 224,825 47,553 80,315 4.82% CPS 2017-D June 2024 57,986 196,300 49,297 83,801 4.32% CPS 2018-A March 2025 62,902 190,000 53,549 91,258 4.11% CPS 2018-B December 2024 75,400 201,823 66,955 111,188 4.51% CPS 2018-C September 2025 87,223 230,275 77,345 130,064 4.62% CPS 2018-D June 2025 104,155 233,730 88,228 149,470 4.58% CPS 2019-A March 2026 131,575 254,400 114,373 186,900 4.38% CPS 2019-B June 2026 128,787 228,275 118,982 184,308 3.95% CPS 2019-C September 2026 150,637 243,513 142,080 216,650 3.26% CPS 2019-D December 2026 190,916 274,313 181,485 265,035 2.80% CPS 2020-A March 2027 187,537 260,000 184,944 – 2.80% CPS 2020-B June 2027 187,597 202,343 164,403 – 3.09% CPS 2020-C November 2027 243,367 252,200 231,961 – 1.67% $ 1,972,684 $ 5,945,962 $ 1,814,320 $ 2,109,766 _________________________ (1) The Final Scheduled Payment Date represents final legal maturity of the securitization trust debt. Securitization trust debt is expected to become due and to be paid prior to those dates, based on amortization of the finance receivables pledged to the Trusts. Expected payments, which will depend on the performance of such receivables, as to which there can be no assurance, are $ 818.4 450.9 350.7 81.1 83.7 18.7 (2) Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets. Debt issuance costs of $ 10.6 12.0 All of the securitization trust debt was issued in private placement transactions to qualified institutional investors. The debt was issued by our wholly-owned, bankruptcy remote subsidiaries and is secured by the assets of such subsidiaries, but not by any of our other assets. The terms of the various securitization agreements related to the issuance of the securitization trust debt require that certain delinquency and credit loss criteria be met with respect to the collateral pool, and require that we maintain minimum levels of liquidity and net worth and not exceed maximum leverage levels. We were in compliance with all such covenants as of December 31, 2020. We are responsible for the administration and collection of the contracts. The securitization agreements also require certain funds be held in restricted cash accounts to provide additional credit enhancement for the Notes or to be applied to make payments on the securitization trust debt. As of December 31, 2020, restricted cash under the various agreements totaled approximately $ 130.7 Our wholly-owned, bankruptcy remote subsidiaries were formed to facilitate the above asset-backed financing transactions. Similar bankruptcy remote subsidiaries issue the debt outstanding under our warehouse line of credit. Bankruptcy remote refers to a legal structure in which it is expected that the applicable entity would not be included in any bankruptcy filing by its parent or affiliates. All of the assets of these subsidiaries have been pledged as collateral for the related debt. All such transactions, treated as secured financings for accounting and tax purposes, are treated as sales for all other purposes, including legal and bankruptcy purposes. None of the assets of these subsidiaries are available to pay any of our other creditors.

(6) Debt

(6) Debt	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
(6) Debt	(6) Debt The terms of our debt outstanding at December 31, 2020 and 2019 are summarized below: Schedule of debt outstanding Amount Outstanding at December 31, December 31, 2020 2019 (In thousands) Description Interest Rate Maturity Warehouse lines of credit 5.50% over one month Libor (Minimum 6.50%) February 2021 $ 42,558 $ 40,558 3.00% over one month Libor (Minimum 3.75%) December 2022 45,689 96,225 4.00% over a commercial paper rate (Minimum 5.00%) December 2021 32,265 – Residual interest financing 8.60% January 2026 25,576 40,000 Subordinated renewable notes Weighted average rate of 10.09% and 9.75% at December 31, 2020 and December 31, 2019, respectively Weighted average maturity of January 2023 and April 2022 at December 31, 2020 and December 31, 2019, respectively 21,323 17,534 $ 167,411 $ 194,317 Debt issuance costs of $ 1.5 2.0 On May 11, 2012, we entered into a $ 100 45.7 On April 17, 2015, we entered into an additional $ 100 42.6 On November 24, 2015, we entered into an additional $ 100 32.3 The total outstanding debt on our three warehouse lines of credit was $ 120.6 136.8 On May 16, 2018, we completed a $ 40.0 The agreed valuation of the collateral for the 2018-1 Notes is the sum of the amounts on deposit in the underlying spread accounts for each related securitization and the over-collateralization of each related securitization, which is the difference between the outstanding principal balances of the related receivables less the principal balance of the outstanding notes issued in the related securitization. With respect to the securitizations conducted by CPS in 2017, only 80% of such amounts are included in the collateral. On each monthly payment date, the 2018-1 Notes are entitled to interest at the coupon rate and, if necessary, a principal payment necessary to maintain a specified minimum collateral ratio. At December 31, 2020 there was $ 25.6 Unamortized debt issuance costs of $ 150,000 We must comply with certain affirmative and negative covenants related to debt facilities, which require, among other things, that we maintain certain financial ratios related to liquidity, net worth and capitalization. Further covenants include matters relating to investments, acquisitions, restricted payments and certain dividend restrictions. See the discussion of financial covenants in Note 1. The following table summarizes the contractual and expected maturity amounts of long term debt as of December 31, 2020: Schedule of expected maturity amounts for long-term debt Subordinated Contractual maturity renewable date notes (In thousands) 2021 $ 9,506 2022 3,350 2023 3,331 2024 1,162 2025 2,322 Thereafter 1,652 Total $ 21,323

(7) Shareholders_ Equity

(7) Shareholders’ Equity	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
(7) Shareholders’ Equity	(7) Shareholders’ Equity Common Stock Holders of common stock are entitled to such dividends as our board of directors, in its discretion, may declare out of funds available, subject to the terms of any outstanding shares of preferred stock and other restrictions. In the event of liquidation of the Company, holders of common stock are entitled to receive, pro rata Stock Purchases For the year ending December 31, 2020, we purchased 351,926 3.45 10 5.1 Schedule of stock purchases Twelve Months Ended December 31, 2020 December 31, 2019 Shares Avg. Price Shares Avg. Price Open market purchases 105,017 $ 3.60 335,546 $ 3.95 Shares redeemed upon net exercise of stock options 46,909 2.86 18,424 3.76 Other 200,000 3.51 24,500 4.20 Total stock purchases 351,926 $ 3.45 378,470 $ 3.97 Options and Warrants In 2006, the Company adopted and its shareholders approved the CPS 2006 Long-Term Equity Incentive Plan (the “2006 Plan”) pursuant to which our Board of Directors, or a duly-authorized committee thereof, may grant stock options, restricted stock, restricted stock units and stock appreciation rights to our employees or employees of our subsidiaries, to directors of the Company, and to individuals acting as consultants to the Company or its subsidiaries. In June 2008, May 2012, April 2013, May 2015 and again in July 2018, the shareholders of the Company approved an amendment to the 2006 Plan to increase the maximum number of shares that may be subject to awards under the 2006 Plan to 5,000,000, 7,200,000, 12,200,000, 17,200,000 and 19,200,000 The per share weighted-average fair value of stock options granted during the years ended December 31, 2020, 2019 and 2018 was $ 1.33 1.11 1.06 72% 80% 37% 39% 31% 34% Schedule of assumptions for stock options Year Ended December 31, 2020 2019 2018 Expected life (years) 4.01 4.02 3.99 Risk-free interest rate 0.25% 1.53% 2.74% Volatility 73% 37% 34% Expected dividend yield – – – For the years ended December 31, 2020, 2019 and 2018, we recorded stock-based compensation costs in the amount of $1.9 1,935 2,072 3,515 3.2 2.2 At December 31, 2020 and 2019, options outstanding had intrinsic values of $ 11.9 4.8 8.2 4.8 1.0 1.4 949,000 270,000 Stock option activity for the year ended December 31, 2020 for stock options under the 2006 and 1997 plans is as follows: Schedule of option activity Number of Shares (in thousands) Weighted Average Exercise Price Weighted Average Remaining Contractual Term Options outstanding at the beginning of period 15,348 $ 4.59 N/A Granted 1,600 2.47 N/A Exercised (558 ) 1.70 N/A Forfeited/Expired (413 ) 5.13 N/A Options outstanding at the end of period 15,977 $ 4.46 2.85 Options exercisable at the end of period 12,597 $ 4.81 2.15 The following table presents the price distribution of stock options outstanding and exercisable for the years ended December 31, 2020 and 2019: Schedule of options outstanding and exercisable Number of shares as of December 31, 2020 Number of shares as of December 31, 2019 Range of exercise prices: Outstanding Exercisable Outstanding Exercisable (In thousands) (In thousands) $0.95 - $1.99 1,904 1,904 2,436 2,436 $2.00 - $2.99 1,570 180 – – $3.00 - $3.99 4,973 3,306 5,145 2,158 $4.00 - $4.99 1,540 1,217 1,547 903 $5.00 - $5.99 – – – – $6.00 - $6.99 4,770 4,770 4,955 4,955 $7.00 - $7.99 1,220 1,220 1,265 1,265 Total shares 15,977 12,597 15,348 11,717 We did not issue any stock options with an exercise price above or below the market price of the stock on the grant date for the years ended December 31, 2020, 2019 and 2018.

(8) Interest Income and Interes

(8) Interest Income and Interest Expense	12 Months Ended
	Dec. 31, 2020
(8) Interest Income and Interest Expense	(8) Interest Income and Interest Expense The following table presents the components of interest income: Schedule of interest income Year Ended December 31, 2020 2019 2018 (In thousands) Interest on finance receivables $ 126,043 $ 211,138 $ 334,634 Interest on finance receivables at fair value 168,266 123,059 43,863 Mark to finance receivables measured at fair value (29,528 ) – – Other interest income 673 2,899 1,800 Interest income $ 265,454 $ 337,096 $ 380,297 The following table presents the components of interest expense: Schedule of interest expense Year Ended December 31, 2020 2019 2018 (In thousands) Securitization trust debt $ 88,031 $ 96,870 $ 89,926 Warehouse lines of credit 7,678 8,402 7,752 Residual interest financing 3,454 3,822 2,343 Subordinated renewable notes 2,175 1,434 1,445 Interest expense $ 101,338 $ 110,528 $ 101,466

(9) Income Taxes

(9) Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
(9) Income Taxes	(9) Income Taxes Income taxes consist of the following: Schedule of income tax expense Year Ended December 31, 2020 2019 2018 (In thousands) Current federal tax expense $ (23,576 ) $ (574 ) $ (7,526 ) Current state tax expense 472 105 (2,064 ) Deferred federal tax expense 18,937 2,759 9,074 Deferred state tax expense 2,610 1,466 4,357 Income tax expense $ (1,557 ) $ 3,756 $ 3,841 Income tax expense for the years ended December 31, 2020, 2019 and 2018 differs from the amount determined by applying the statutory federal rate to income before income taxes as follows: Schedule of reconciliation of income taxes Year Ended December 31, 2020 2019 2018 (In thousands) Expense at federal tax rate $ 4,225 $ 1,924 $ 3,928 State taxes, net of federal income tax effect 1,505 1,027 1,718 Stock-based compensation 35 169 238 Non-deductible expenses 974 856 824 Net operating loss carryback (9,435 ) – – Effect of change in tax rate – – – Accounting method change – – (2,100 ) Other 1,139 (220 ) (767 ) income tax expense $ (1,557 ) $ 3,756 $ 3,841 On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (“CARES”) Act was adopted, providing wide ranging economic relief for individuals and businesses. One component of the CARES Act provides the Company with an opportunity to carry back net operating losses (“NOLs”) arising from 2018, 2019 and 2020 to the prior five tax years. The Company has such NOLs reflected on its balance sheet as a portion of deferred tax assets. The Company has previously valued its NOLs at the federal corporate income tax rate of 21%. However, the provisions of the CARES Act provide for NOL carryback claims to be calculated based on a rate of 35%, which was the federal corporate tax rate in effect for the carryback years. Consequently, the Company has revalued the benefit from its NOLs to reflect a 35% 8.8 For the year ended December 31, 2018, we recorded income tax expense of $3.8 million 3,841 2.1 The tax effected cumulative temporary differences that give rise to deferred tax assets and liabilities as of December 31, 2020 and 2019 are as follows: Schedule of deferred tax assets and liabilities December 31, 2020 2019 (In thousands) Deferred Tax Assets: Finance receivables $ 10,930 $ – Accrued liabilities 541 307 NOL carryforwards 7,470 17,240 Built in losses 3,312 4,008 Pension accrual 1,745 1,927 Stock compensation 4,463 4,385 Lease liability 3,843 5,232 Other 46 164 Total deferred tax assets 32,350 33,263 Deferred Tax Liabilities: Finance receivables $ – $ (12,180 ) Deferred loan costs (205 ) (542 ) Lease right-of-use assets (3,517 ) (4,855 ) Furniture and equipment (116 ) (206 ) Total deferred tax liabilities (3,838 ) (17,783 ) Net deferred tax asset $ 28,512 $ 15,480 We acquired certain net operating losses and built-in loss assets as part of our acquisitions of MFN Financial Corp. (“MFN”) in 2002 and TFC Enterprises, Inc. (“TFC”) in 2003. Moreover, both MFN and TFC have undergone an ownership change for purposes of Internal Revenue Code (“IRC”) Section 382. In general, IRC Section 382 imposes an annual limitation on the ability of a loss corporation (that is, a corporation with a net operating loss (“NOL”) carryforward, credit carryforward, or certain built-in losses (“BILs”)) to utilize its pre-change NOL carryforwards or BILs to offset taxable income arising after an ownership change. In determining the possible future realization of deferred tax assets, we have considered future taxable income from the following sources: (a) reversal of taxable temporary differences; and (b) tax planning strategies that, if necessary, would be implemented to accelerate taxable income into years in which net operating losses might otherwise expire. Deferred tax assets are recognized subject to management’s judgment that realization is more likely than not. A valuation allowance is recognized for a deferred tax asset if, based on the weight of the available evidence, it is more likely than not that some portion of the deferred tax asset will not be realized. In making such judgements, significant weight is given to evidence that can be objectively verified. Although realization is not assured, we believe that the realization of the recognized net deferred tax asset of $28.5 million 28,512 17.0 11.5 As of December 31, 2020, we had net operating loss carryforwards for state income tax purposes of $ 86.8 We recognize a tax position as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. We recognize potential interest and penalties related to unrecognized tax benefits as income tax expense. At December 31, 2020, we had no We are subject to taxation in the US and various state jurisdictions. With few exceptions, we are no longer subject to U.S. federal, state, or local examinations by tax authorities for years before 2017.

(10) Commitments and Contingenc

(10) Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
(10) Commitments and Contingencies	(10) Commitments and Contingencies Leases The Company has operating leases for corporate offices, equipment, software and hardware. The Company has entered into operating leases for the majority of its real estate locations, primarily office space. These leases are generally for periods of three to seven years with various renewal options. The depreciable life of leased assets is limited by the expected lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the related lease expense is recognized on a straight-line basis over the lease term. We determine if a contract contains a lease at contract inception. Right-of-use assets and liabilities are recognized based on the present value of lease payments over the lease term. In determining the present value of lease payments, we use the Company’s incremental borrowing rate. Right-of-use assets are included in other assets and lease liabilities are included in accounts payable and accrued expenses in our Condensed Consolidated Balance Sheet at December 31, 2020. The following table presents the supplemental balance sheet information related to leases: Supplemental balance sheet information related to leases December 31, December 31, 2020 2019 (In thousands) Operating Leases Operating lease right-of-use assets $ 23,735 $ 23,735 Less: Accumulated amortization right-of-use assets (12,792 ) (6,600 ) Operating lease right-of-use assets, net $ 10,943 $ 17,135 Operating lease liabilities $ (12,096 ) $ (18,527 ) Finance Leases Property and equipment, at cost $ 3,407 $ 876 Less: Accumulated depreciation (1,226 ) (150 ) Property and equipment, net $ 2,181 $ 726 Finance lease liabilities $ (2,243 ) $ (718 ) Weighted Average Discount Rate Operating lease 5.0% 5.0% Finance lease 6.5% 6.4% Maturities of leases Maturities of lease liabilities were as follows: (In thousands) Operating Finance Year Ending December 31, Lease Lease 2021 $ 7,458 $ 1,229 2022 6,066 1,050 2023 1,397 84 2024 419 26 2025 282 10 Total undiscounted lease payments 15,622 2,399 Less amounts representing interest (3,526 ) (156 ) Lease Liability $ 12,096 $ 2,243 The following table presents the leases expense included in Occupancy, General and administrative on our Condensed Consolidated Statement of Operations: Schedule of lease cost Year Ended December 31, 2020 2019 2018 (In thousands) Operating lease cost $ 7,523 $ 7,521 $ 7,124 Finance lease cost 1,179 160 – Total lease cost $ 8,702 $ 7,681 $ 7,124 The following table presents the supplemental cash flow information related to leases: Supplemental cash flow information related to leases Year Ended December 31, 2020 2019 2018 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,762 $ 7,584 $ 6,809 Operating cash flows from finance leases 1,007 133 37 Financing cash flows from finance leases 172 27 9 Legal Proceedings Consumer Litigation. For the most part, we have legal and factual defenses to consumer claims, which we routinely contest or settle (for immaterial amounts) depending on the particular circumstances of each case. Wage and Hour Claim. We believe that our compensation practices with respect to our sales representatives are compliant with applicable law. Accordingly, we have defended and intend to continue to defend this lawsuit. We have not recorded a liability with respect to this claim on the accompanying consolidated financial statements. In General. Accordingly, we believe that the ultimate resolution of such legal proceedings and contingencies should not have a material adverse effect on our consolidated financial condition. We note, however, that in light of the uncertainties inherent in contested proceedings there can be no assurance that the ultimate resolution of these matters will not be material to our operating results for a particular period, depending on, among other factors, the size of the loss or liability imposed and the level of our income for that period.

(11) Employee Benefits

(11) Employee Benefits	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
(11) Employee Benefits	(11) Employee Benefits We sponsor a pretax savings and profit sharing plan (the “401(k) Plan”) qualified under Section 401(k) of the Internal Revenue Code. Under the 401(k) Plan, eligible employees are able to contribute up to the maximum allowed under the law. We may, at our discretion, match 100% of employees’ contributions up to $2,000 per employee per calendar year. Our matching contributions to the 401(k) Plan were $ 1.4 1.6 1.5 We also sponsor a defined benefit plan, the MFN Financial Corporation Pension Plan (the “Plan”). The Plan benefits were frozen on June 30, 2001. The following tables represents a reconciliation of the change in the plan’s benefit obligations, fair value of plan assets, and funded status at December 31, 2020 and 2019: Schedule of reconciliation of the change in the plan's benefit obligations December 31, 2020 2019 (In thousands) Change in Projected Benefit Obligation Projected benefit obligation, beginning of year $ 22,997 $ 20,085 Service cost – – Interest cost 693 808 Assumption changes 2,418 3,047 Actuarial (gain) loss (89 ) 141 Settlements – – Benefits paid (1,341 ) (1,084 ) Projected benefit obligation, end of year $ 24,678 $ 22,997 Change in Plan Assets Fair value of plan assets, beginning of year $ 15,910 $ 14,368 Return on assets 2,775 3,017 Employer contribution 1,161 – Expenses (340 ) (391 ) Settlements – – Benefits paid (1,341 ) (1,084 ) Fair value of plan assets, end of year $ 18,165 $ 15,910 Funded Status at end of year $ (6,513 ) $ (7,087 ) Additional Information Weighted average assumptions used to determine benefit obligations and cost at December 31, 2020 and 2019 were as follows: Schedule of weighted average assumptions used to determine pension benefit obligations December, 31 2020 2019 Weighted average assumptions used to determine benefit obligations Discount rate 2.28% 3.07% Weighted average assumptions used to determine net periodic benefit cost Discount rate 3.07% 4.11% Expected return on plan assets 7.25% 7.25% Our overall expected long-term rate of return on assets is 7.25% Schedule of components of net periodic benefit cost December 31, 2020 2019 2018 (In thousands) Amounts recognized on Consolidated Balance Sheet Other assets $ – $ – $ – Other liabilities (6,513 ) (7,087 ) (5,717 ) Net amount recognized $ (6,513 ) $ (7,087 ) $ (5,717 ) Amounts recognized in accumulated other comprehensive loss consists of: Net loss $ 13,297 $ 13,092 $ 11,896 Unrecognized transition asset – – – Net amount recognized $ 13,297 $ 13,092 $ 11,896 Components of net periodic benefit cost Interest cost $ 693 $ 808 $ 775 Expected return on assets (1,150 ) (1,012 ) (1,163 ) Amortization of transition asset – – – Amortization of net loss 839 376 443 Net periodic benefit cost 382 172 55 Settlement (gain)/loss – – – Total $ 382 $ 172 $ 55 Benefit Obligation Recognized in Other Comprehensive Loss (Income) Net loss (gain) $ 205 $ 1,197 $ 545 Prior service cost (credit) – – – Amortization of prior service cost – – – Net amount recognized in other comprehensive loss (income) $ 205 $ 1,197 $ 545 The estimated net loss that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2020 is $ 148,000 The weighted average asset allocation of our pension benefits at December 31, 2020 and 2019 were as follows: Schedule of weighted average asset allocation of our pension benefits December 31, 2020 2019 Weighted Average Asset Allocation at Year-End Asset Category Equity securities 82% 82% Debt securities 18% 18% Cash and cash equivalents 0% 0% Total 100% 100% Our investment policies and strategies for the pension benefits plan utilize a target allocation of 75% equity securities and 25% fixed income securities (excluding Company stock). Our investment goals are to maximize returns subject to specific risk management policies. We address risk management and diversification by the use of a professional investment advisor and several sub-advisors which invest in domestic and international equity securities and domestic fixed income securities. Each sub-advisor focuses its investments within a specific sector of the equity or fixed income market. For the sub-advisors focused on the equity markets, the sectors are differentiated by the market capitalization, the relative valuation and the location of the underlying issuer. For the sub-advisors focused on the fixed income markets, the sectors are differentiated by the credit quality and the maturity of the underlying fixed income investment. The investments made by the sub-advisors are readily marketable and can be sold to fund benefit payment obligations as they become payable. Schedule of estimated Future Benefit Payments Cash Flows Estimated Future Benefit Payments (In thousands) 2021 $ 896 2022 933 2023 957 2024 983 2025 1,026 Years 2026 - 2029 5,678 Anticipated Contributions in 2021 $ 522 The fair value of plan assets at December 31, 2020 and 2019, by asset category, is as follows: Schedule of fair value of plan assets December 31, 2020 Level 1 (1) Level 2 (2) Level 3 (3) Total Investment Name: (in thousands) Company Common Stock $ 3,811 $ – $ – $ 3,811 Large Cap Value – 2,523 – 2,523 Mid Cap Index – 757 – 757 Small Cap Growth – 765 – 765 Small Cap Value – 785 – 785 Large Cap Blend – 691 – 691 Growth – 2,342 – 2,342 International Growth – 3,003 – 3,003 Core Bond – 1,809 – 1,809 High Yield – 381 – 381 Inflation Protected Bond – 485 – 485 Money Market – 813 – 813 Total $ 3,811 $ 14,354 $ – $ 18,165 December 31, 2019 Level 1 (1) Level 2 (2) Level 3 (3) Total Investment Name: (in thousands) Company Common Stock $ 2,950 $ – $ – $ 2,950 Large Cap Value – 2,370 – 2,370 Mid Cap Index – 658 – 658 Small Cap Growth – 655 – 655 Small Cap Value – 674 – 674 Large Cap Blend – 683 – 683 Growth – 2,342 – 2,342 International Growth – 2,667 – 2,667 Core Bond – 1,909 – 1,909 High Yield – 386 – 386 Inflation Protected Bond – 509 – 509 Money Market – 107 – 107 Total $ 2,950 $ 12,960 $ – $ 15,910 ________________________ (1) Company common stock is classified as level 1 and valued using quoted prices in active markets for identical assets. (2) All other plan assets in stock, bond and money market funds are classified as level 2 and valued using significant observable inputs. (3) There are no plan assets classified as level 3 in the fair value hierarchy as a result of having significant unobservable inputs.

(12) Fair Value Measurements

(12) Fair Value Measurements	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
(12) Fair Value Measurements	(12) Fair Value Measurements ASC 820, "Fair Value Measurements" clarifies the principle that fair value should be based on the assumptions market participants would use when pricing an asset or liability and establishes a fair value hierarchy that prioritizes the information used to develop those assumptions. Under the standard, fair value measurements are separately disclosed by level within the fair value hierarchy. ASC 820 defines fair value, establishes a framework for measuring fair value, establishes a three-level valuation hierarchy for disclosure of fair value measurement and enhances disclosure requirements for fair value measurements. The three levels are defined as follows: level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; and level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement. Effective January 2018 we have elected to use the fair value method to value our portfolio of finance receivables acquired in January 2018 and thereafter. Our valuation policies and procedures have been developed by our Accounting department in conjunction with our Risk department and with consultation with outside valuation experts. Our policies and procedures have been approved by our Chief Executive and our Board of Directors and include methodologies for valuation, internal reporting, calibration and back testing. Our periodic review of valuations includes an analysis of changes in fair value measurements and documentation of the reasons for such changes. There is little available third-party information such as broker quotes or pricing services available to assist us in our valuation process. Our level 3, unobservable inputs reflect our own assumptions about the factors that market participants use in pricing similar receivables and are based on the best information available in the circumstances. They include such inputs as estimates for the magnitude and timing of net charge-offs and the rate of amortization of the portfolio of finance receivable. Significant changes in any of those inputs in isolation would have a significant impact on our fair value measurement. The table below presents a reconciliation of the finance receivables measured at fair value on a recurring basis using significant unobservable inputs: Schedule of reconciliation of the finance receivables measured at fair value on a recurring basis Twelve Months Ended December 31, 2020 2019 (In thousands) Balance at beginning of period $ 1,444,038 $ 821,066 Finance receivables at fair value acquired during period 739,734 1,004,194 Payments received on finance receivables at fair value (496,747 ) (292,948 ) Net interest income accretion on fair value receivables (133,771 ) (90,383 ) Mark to fair value (29,528 ) 2,109 Balance at end of period $ 1,523,726 $ 1,444,038 The table below compares the fair values of these finance receivables to their contractual balances for the periods shown: Schedule of finance receivables to their contractual balances December 31, 2020 December 31, 2019 Contractual Fair Contractual Fair Balance Value Balance Value (In thousands) Finance receivables measured at fair value $ 1,668,076 $ 1,523,726 $ 1,492,803 $ 1,444,038 The following table provides certain qualitative information about our level 3 fair value measurements: Schedule of level 3 fair value measurements Financial Instrument Fair Values as of Inputs as of December 31, December 31, 2020 2019 Unobservable Inputs 2020 2019 (In thousands) Assets: Finance receivables measured at fair value $ 1,523,726 $ 1,444,038 Discount rate 10.4% - 11.1% 8.9% - 11.1% Cumulative net losses 15.3% - 18.4% 15.0% - 16.1% The following table summarizes the delinquency status using the contractual balance of these finance receivables measured at fair value as of December 31, 2020 and December 31, 2019: Schedule of delinquency status of finance receivables measured at fair value December 31, December 31, 2020 2019 (In thousands) Delinquency Status Current $ 1,505,486 $ 1,344,883 31 - 60 days 96,296 81,262 61 - 90 days 36,436 34,280 91 + days 9,607 15,167 Repo 20,251 17,211 $ 1,668,076 $ 1,492,803 Repossessed vehicle inventory, which is included in Other assets on our consolidated balance sheet, is measured at fair value using level 2 assumptions based on our actual loss experience on sale of repossessed vehicles. At December 31, 2020, the finance receivables related to the repossessed vehicles in inventory totaled $15.6 million 15,589 11,790 24% 3,799 7,544 21,389 There were no transfers in or out of level 1 or level 2 assets and liabilities for 2020 and 2019. We have no level 3 assets or liabilities that are measured at fair value on a non-recurring basis. The estimated fair values of financial assets and liabilities at December 31, 2020 and 2019, were as follows: Schedule of estimated fair values of financial assets and liabilities As of December 31, 2020 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 13,466 $ 13,466 $ – $ – $ 13,466 Restricted cash and equivalents 130,686 130,686 – – 130,686 Finance receivables, net 411,343 – – 429,972 429,972 Accrued interest receivable 5,017 – – 5,017 5,017 Liabilities: Warehouse lines of credit $ 118,999 $ – $ – $ 118,999 $ 118,999 Accrued interest payable 4,919 – – 4,919 4,919 Securitization trust debt 1,803,673 – – 1,862,630 1,862,630 Subordinated renewable notes 21,323 – – 21,323 21,323 As of December 31, 2019 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 5,295 $ 5,295 $ – $ – $ 5,295 Restricted cash and equivalents 135,537 135,537 – – 135,537 Finance receivables, net 885,890 – – 841,160 841,160 Accrued interest receivable 11,645 – – 11,645 11,645 Liabilities: Warehouse lines of credit $ 134,791 $ – $ – $ 134,791 $ 134,791 Accrued interest payable 5,254 – – 5,254 5,254 Securitization trust debt 2,097,728 – – 2,116,520 2,116,520 Subordinated renewable notes 17,534 – – 17,534 17,534

(13) Subsequent Events

(13) Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
(13) Subsequent Events	(13) Subsequent Events On January 27, 2021 we executed our first securitization of 2021. In the transaction, qualified institutional buyers purchased $230.5 million of asset-backed notes secured by $245.0 million in automobile receivables originated by CPS. The sold notes, issued by CPS Auto Receivables Trust 2021-A, consist of five classes. Ratings of the notes were provided by Standard & Poor’s and DBRS Morningstar, and were based on the structure of the transaction, the historical performance of similar receivables and CPS’s experience as a servicer. The weighted average yield on the notes is approximately 1.11%. The 2021-A transaction has initial credit enhancement consisting of a cash deposit equal to 1.00% of the original receivable pool balance and overcollateralization of 5.90%. The transaction agreements require accelerated payment of principal on the notes to reach overcollateralization of the lesser of 9.30% of the original receivable pool balance, or 32.05% of the then outstanding pool balance. The transaction utilizes a pre-funding structure, in which CPS sold approximately $184.4 million of receivables at inception approximately $60.6 million of additional receivables in February 2021. The transaction was a private offering of securities, not registered under the Securities Act of 1933, or any state securities law.

(1) Summary of Significant Ac_2

(1) Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Description of Business	Description of Business Consumer Portfolio Services, Inc. ( " " " " " " " " 13.5%, 11.1%, 5.4%, 5.3% 5.1%, 12.6%, 10.8%, 6.3%, 5.4% 4.2% We are subject to various regulations and laws as they relate to the extension of credit in consumer credit transactions. Failure to comply with such laws and regulations could have a material adverse effect on the Company.
Principles of Consolidation	Principles of Consolidation The Consolidated Financial Statements include the accounts of Consumer Portfolio Services, Inc. and its wholly-owned subsidiaries, certain of which are special purpose subsidiaries ( " " 80%
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statements of cash flows, we consider all highly liquid debt instruments with original maturities of three months or less to be cash equivalents. Cash equivalents consist of cash on hand and due from banks and money market accounts. Substantially all of our cash is deposited at three financial institutions. We maintain cash due from banks in excess of the banks' insured deposit limits. We do not believe we are exposed to any significant credit risk on these deposits. As part of certain financial covenants related to debt facilities, we are required to maintain a minimum unrestricted cash balance. As of December 31, 2020, our unrestricted cash balance was $ 13.5
Finance Receivables	Finance Receivables Finance receivables, which we have the intent and ability to hold for the foreseeable future or until maturity or payoff, are presented at cost. All finance receivable contracts are held for investment. Interest income is accrued on the unpaid principal balance. Origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the interest method without anticipating prepayments. Generally, payments received on finance receivables are restricted to certain securitized pools, and the related contracts cannot be resold. Finance receivables are charged off pursuant to the controlling documents of certain securitized pools, generally as described below under Charge Off Policy. Management may authorize an extension of payment terms if collection appears likely during the next calendar month. Our portfolio of finance receivables consists of small-balance homogeneous contracts that are collectively evaluated for impairment on a portfolio basis. We report delinquency on a contractual basis. Once a Contract becomes greater than 90 days delinquent, we do not recognize additional interest income until the obligor under the Contract makes sufficient payments to be less than 90 days delinquent. Any payments received on a Contract that is greater than 90 days delinquent are first applied to accrued interest and then to principal reduction.
Finance Receivables Measured at Fair Value	Finance Receivables Measured at Fair Value Effective January 1, 2018, we adopted the fair value method of accounting for finance receivables acquired on or after that date. For each finance receivable acquired after 2017, we consider the price paid on the purchase date as the fair value for such receivable. We estimate the cash to be received in the future with respect to such receivables, based on our experience with similar receivables acquired in the past. We then compute the internal rate of return that results in the present value of those estimated cash receipts being equal to the purchase date fair value. Thereafter, we recognize interest income on such receivables on a level yield basis using that internal rate of return as the applicable interest rate. Cash received with respect to such receivables is applied first against such interest income, and then to reduce the recorded value of the receivables. We re-evaluate the fair value of such receivables at the close of each measurement period. If the reevaluation were to yield a value materially different from the recorded value, an adjustment would be required. For the period ended December 31, 2020, the Company considered the effect of the pandemic on the portfolio of finance receivables carried at fair value and recorded a mark down to that portfolio of $ 29.5 Anticipated credit losses are included in our estimation of cash to be received with respect to receivables. Because such credit losses are included in our computation of the appropriate level yield, we do not thereafter make periodic provision for credit losses, as our best estimate of the lifetime aggregate of credit losses is included in that initial computation. Also because we include anticipated credit losses in our computation of the level yield, the computed level yield is materially lower than the average contractual rate applicable to the receivables. Because our initial recorded value is fixed as the price we pay for the receivable, rather than as the contractual principal balance, we do not record acquisition fees as an amortizing asset related to the receivables, nor do we capitalize costs of acquiring the receivables. Rather we recognize the costs of acquisition as expenses in the period incurred.
Allowance for Finance Credit Losses	Allowance for Finance Credit Losses In order to estimate an appropriate allowance for losses likely incurred on finance receivables, we use a loss allowance methodology commonly referred to as " "
Charge Off Policy	Charge Off Policy Delinquent contracts for which the related financed vehicle has been repossessed are generally charged off at the earliest of (1) the month in which the proceeds from the sale of the financed vehicle are received, (2) the month in which 90 days have passed from the date of repossession or (3) the month in which the Contract becomes seven scheduled payments past due (see Repossessed and Other Assets below). The amount charged off is the remaining principal balance of the Contract, after the application of the net proceeds from the liquidation of the financed vehicle. With respect to delinquent contracts for which the related financed vehicle has not been repossessed, the remaining principal balance is generally charged off no later than the end of the month that the Contract becomes five scheduled payments past due.
Contract Acquisition Fees and Origination Costs	Contract Acquisition Fees and Origination Costs Upon purchase of a Contract from a Dealer, we generally either charge or advance the Dealer an acquisition fee. Dealer acquisition fees and deferred origination costs are applied to the recorded value of finance receivables and are accreted into earnings as an adjustment to the yield over the estimated life of the Contract using the interest method. However, for receivables measured at fair value, we do not record acquisition fees as an amortizing asset related to the receivables, nor do we capitalize costs of acquiring the receivables. Rather we recognize the costs of acquisition as expenses in the period incurred.
Repossessed and Other Assets	Repossessed and Other Assets If a Contract obligor fails to make or keep promises for payments, or if the obligor is uncooperative or attempts to evade contact or hide the vehicle, a supervisor will review the collection activity relating to the account to determine if repossession of the vehicle is warranted. Generally, such a decision is made between the 60th and 90th day past the obligor’s payment due date, but could occur sooner or later, depending on the specific circumstances. At the time the vehicle is repossessed we stop accruing interest on the Contract, and reclassify the remaining Contract balance to the line item "Other Assets" on our Consolidated Balance Sheet at its estimated fair value less costs to sell. Included in other assets in the accompanying Consolidated Balance Sheets are repossessed vehicles pending sale of $ 3.8 7.5
Treatment of Securitizations	Treatment of Securitizations Our term securitization structure has generally been as follows: We sell contracts we acquire to a wholly-owned SPS, which has been established for the limited purpose of buying and reselling our contracts. The SPS then transfers the same contracts to another entity, typically a statutory trust ( " " " " " " " " " " " " Our warehouse securitization structures are similar to the above, except that (i) the SPS that purchases the contracts pledges the contracts to secure promissory notes or loans that it issues, and (ii) no increase in the required amount of Credit Enhancement is contemplated. Upon each sale of contracts in a securitization structured as a secured financing, we retain as assets on our Consolidated Balance Sheet the securitized contracts and record as indebtedness the Notes issued in the transaction. We have the power to direct the most significant activities of the SPS. In addition, we have the obligation to absorb losses and the rights to receive benefits from the SPS, both of which could be potentially significant to the SPS. These types of securitization structures are treated as secured financings, in which the receivables remain on our Consolidated Balance Sheet, and the debt issued by the SPS is shown as a securitization trust debt on our Consolidated Balance Sheet. We receive periodic base servicing fees for the servicing and collection of the contracts. In addition, we are entitled to the cash flows from the Trusts that represent collections on the contracts in excess of the amounts required to pay principal and interest on the Notes, the base servicing fees, and certain other fees (such as trustee and custodial fees). Required principal payments on the Notes are generally defined as the payments sufficient to keep the principal balance of the Notes equal to the aggregate principal balance of the related contracts (excluding those contracts that have been charged off), or a pre-determined percentage of such balance. Where that percentage is less than 100%, the related Securitization Agreements require accelerated payment of principal until the principal balance of the Notes is reduced to the specified percentage. Such accelerated principal payment is said to create " " If the amount of cash required for payment of fees, interest and principal on the senior Notes exceeds the amount collected during the collection period, the shortfall is generally withdrawn from the Spread Account, if any. If the cash collected during the period exceeds the amount necessary for the above allocations plus required principal payments on the subordinated Notes, if any, and there is no shortfall in the related Spread Account or other form of Credit Enhancement, the excess is released to us. If the total Credit Enhancement amount is not at the required level, then the excess cash collected is retained in the Trust until the specified level is achieved. Cash in the Spread Accounts is restricted from our use. Cash held in the various Spread Accounts is invested in high quality, liquid investment securities, as specified in the Securitization Agreements. In all of our term securitizations we have transferred the receivables (through a subsidiary) to the securitization Trust. We report the assets and liabilities of the securitization Trust on our Consolidated Balance Sheet. The Noteholders’ and the related securitization Trusts’ recourse against us for failure of the contract obligors to make payments on a timely basis is limited, in general, to our Finance Receivables, and Spread Accounts.
Servicing	Servicing We consider the contractual servicing fee received on our managed portfolio held by non-consolidated subsidiaries to be equal to adequate compensation. Additionally, we consider that these fees would fairly compensate a substitute servicer, should one be required. As a result, no servicing asset or liability has been recognized. Servicing fees received on the managed portfolio held by non-consolidated subsidiaries are reported as income when earned. Servicing fees received on the managed portfolio held by consolidated subsidiaries are included in interest income when earned. Servicing costs are charged to expense as incurred. Servicing fees receivable, which are included in Other Assets in the accompanying Consolidated Balance Sheets, represent fees earned but not yet remitted to us by the trustee.
Furniture and Equipment	Furniture and Equipment Furniture and equipment are stated at cost net of accumulated depreciation. We calculate depreciation using the straight-line method over the estimated useful lives of the assets, which range from three to five years. Assets held under capital leases and leasehold improvements are amortized over the lesser of the estimated useful lives of the assets or the related lease terms. Amortization expense on assets acquired under capital lease is included with depreciation expense on owned assets.
Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of	Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of Long-lived assets and certain identifiable intangibles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell.
Other Income	Other Income The following table presents the primary components of Other Income: Schedule of other income Year Ended December 31, 2020 2019 2018 (In thousands) Direct mail revenues $ 3,312 $ 4,659 $ 5,829 Convenience fee revenue 1,490 2,440 1,700 Recoveries on previously charged-off contracts 111 158 248 Sales tax refunds 748 1,239 887 Other 46 208 814 Other income for the period $ 5,707 $ 8,704 $ 9,478 On January 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”. The majority of the Company’s revenues come from interest income which is outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented within Other Income and are recognized as revenue as the Company satisfies its obligation to the customer. Services within the scope of ASC 606 include revenue associated with direct mail and other related products and services that we offer to our dealers.
Earnings Per Share	Earnings Per Share Earnings per share were calculated using the weighted average number of shares outstanding for the related period. The following table illustrates the computation of basic and diluted earnings per share: Schedule of computation of earnings per share Year Ended December 31, 2020 2019 2018 (In thousands, except per share data) Numerator: Numerator for basic and diluted earnings per share $ 21,677 $ 5,406 $ 14,862 Denominator: Denominator for basic earnings per share - weighted average number of common shares outstanding during the year 22,611 22,416 21,989 Incremental common shares attributable to exercise of outstanding options and warrants 1,392 1,648 2,999 Denominator for diluted earnings per share 24,003 24,064 24,988 Basic earnings per share $ 0.96 $ 0.24 $ 0.68 Diluted earnings per share $ 0.90 $ 0.22 $ 0.59 Incremental shares of 13.6 11.3 10.3
Deferral and Amortization of Debt Issuance Costs	Deferral and Amortization of Debt Issuance Costs Costs related to the issuance of debt are deferred and amortized using the interest method over the contractual or expected term of the related debt. Unamortized debt issuance costs are presented as a direct deduction to the carrying amount of the related debt on our Consolidated Balance Sheets.
Income Taxes	Income Taxes The Company and its subsidiaries file a consolidated federal income tax return and combined or stand-alone state franchise tax returns for certain states. We utilize the asset and liability method of accounting for income taxes, under which deferred income taxes are recognized for the future tax consequences attributable to the differences between the financial statement values of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. We estimate a valuation allowance against that portion of the deferred tax asset whose utilization in future periods is not more than likely.
Purchases of Company Stock	Purchases of Company Stock We record purchases of our own common stock at cost and treat the shares as retired.
Stock Option Plan	Stock Option Plan The Company accounts for stock-based compensation in accordance with FASB ASC Topic 718, Compensation—Stock Compensation
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, as well as the reported amounts of income and expenses during the reported periods. These are material estimates that could be susceptible to changes in the near term and, accordingly, actual results could differ from those estimates.
Reclassification	Reclassification Certain amounts for the prior year have been reclassified to conform to the current year’s presentation with no effect on previously reported earnings or shareholders’ equity.
Financial Covenants	Financial Covenants Certain of our securitization transactions, our residual interest financing and our warehouse credit facilities contain various financial covenants requiring certain minimum financial ratios and results. Such covenants include maintaining minimum levels of liquidity and net worth and not exceeding maximum leverage levels. In addition, certain securitization and non-securitization related debt contain cross-default provisions that would allow certain creditors to declare a default if a default occurred under a different facility. As of December 31, 2020 we were in compliance with all such financial covenants.
Provision for Contingent Liabilities	Provision for Contingent Liabilities We are routinely involved in various legal proceedings resulting from our consumer finance activities and practices, both continuing and discontinued. Our legal counsel has advised us on such matters where, based on information available at the time of this report, there is an indication that it is both probable that a liability has been incurred and the amount of the loss can be reasonably determined. We have recorded a liability as of December 31, 2020, which represents our estimate of the immaterial aggregate probable incurred losses for legal contingencies. The amount of losses that may ultimately be incurred, over and above such losses as are probable, cannot be estimated with certainty.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification ("ASC")Topic 326, which changes the criteria under which credit losses on financial instruments (such as the Company’s finance receivables) are measured. ASC 326 introduces a new credit reserving model known as the Current Expected Credit Loss (“CECL”) model, which replaces the incurred loss impairment methodology previously used under U.S. GAAP with a methodology that records currently the expected lifetime credit losses on financial instruments. To establish such lifetime credit loss estimates, consideration of a broadened range of reasonable and supportable information to establish credit loss estimates is required. ASC 326 was initially scheduled to become effective for interim and annual reporting periods beginning after December 15, 2019, however on October 16, 2019, the FASB changed the effective date for smaller reporting companies to interim and annual reporting periods beginning after December 15, 2022, with early adoption permitted. Effective January 1, 2020, the Company adopted the CECL model. The adoption of CECL required that we establish an allowance for the remaining expected lifetime credit losses on the portion of the Company’s receivable portfolio for which the Company was not already using fair value accounting. We refer to that portion, which is those receivables that were originated prior to January 2018, as our “legacy portfolio”. To comply with CECL, the Company recorded an addition to its allowance for finance credit losses of $127.0 million. In accordance with the rules for adopting CECL, the offset to the addition to the allowance for finance credit losses was a tax affected reduction to retained earnings using the modified retrospective method, and not a current period expense.
Coronavirus Pandemic	Coronavirus Pandemic In December 2019, a new strain of coronavirus (the “COVID-19 virus”) originated in Wuhan, China. Since its discovery, the COVID-19 virus has spread throughout the world, and the outbreak has been declared to be a pandemic by the World Health Organization. We refer from time to time in this report to the outbreak and spread of the COVID-19 virus as “the pandemic.” Results for the year ended December 31, 2020 include the estimated potential effect on credit performance resulting from the pandemic. We recorded a $14.1 14,113 We measure our portfolio of finance receivables carried at fair value with consideration for unobservable inputs that reflect our own assumptions about the factors that market participants use in pricing similar receivables and are based on the best information available in the circumstances. They include such inputs as estimates for the magnitude and timing of net charge-offs and the rate of amortization of the portfolio. The pandemic and the adverse effect it may have on the U.S. economy and our obligors may cause us to consider s ignificant changes in any of those inputs, which in turn may have a significant effect on our fair value measurement.

(1) Summary of Significant Ac_3

(1) Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of other income	Schedule of other income Year Ended December 31, 2020 2019 2018 (In thousands) Direct mail revenues $ 3,312 $ 4,659 $ 5,829 Convenience fee revenue 1,490 2,440 1,700 Recoveries on previously charged-off contracts 111 158 248 Sales tax refunds 748 1,239 887 Other 46 208 814 Other income for the period $ 5,707 $ 8,704 $ 9,478
Schedule of computation of earnings per share	Schedule of computation of earnings per share Year Ended December 31, 2020 2019 2018 (In thousands, except per share data) Numerator: Numerator for basic and diluted earnings per share $ 21,677 $ 5,406 $ 14,862 Denominator: Denominator for basic earnings per share - weighted average number of common shares outstanding during the year 22,611 22,416 21,989 Incremental common shares attributable to exercise of outstanding options and warrants 1,392 1,648 2,999 Denominator for diluted earnings per share 24,003 24,064 24,988 Basic earnings per share $ 0.96 $ 0.24 $ 0.68 Diluted earnings per share $ 0.90 $ 0.22 $ 0.59

(3) Finance Receivables (Tables

(3) Finance Receivables (Tables)	12 Months Ended
	Dec. 31, 2020
Finance Receivables
Schedule of finance receivables	Schedule of finance receivables December 31, 2020 2019 Finance receivables (In thousands) Automobile finance receivables, net of unearned interest $ 491,307 $ 895,566 Unearned acquisition fees, discounts and deferred origination costs, net 826 1,964 Finance receivables $ 492,133 $ 897,530
Schedule of amortized cost basis of finance receivables	Schedule of amortized cost basis of finance receivables December 31, 2020 2019 (In thousands) Delinquency Status Current $ 406,693 $ 698,870 31 - 60 days 56,572 107,951 61 - 90 days 22,660 57,395 91 + days 5,382 31,350 $ 491,307 $ 895,566
Schedule of amortized cost basis of finance receivables	Schedule of amortized cost basis of finance receivables December 31, December 31, 2020 2019 (In thousands) Annual Vintage Pool 2012 and prior $ 608 $ 2,432 2013 4,483 15,489 2014 23,115 61,290 2015 78,457 162,242 2016 163,677 292,360 2017 220,967 361,753 $ 491,307 $ 895,566
Schedule of allowance for finance credit losses	Schedule of allowance for finance credit losses December 31, 2020 2019 2018 (In thousands) Balance at beginning of year $ 11,640 $ 67,376 $ 109,187 Impact of adopting ASC 326 127,000 n/a n/a Provision for credit losses on finance receivables 14,113 85,773 133,080 Charge-offs (90,824 ) (184,449 ) (220,523 ) Recoveries 18,861 42,940 45,632 Balance at end of year $ 80,790 $ 11,640 $ 67,376
Schedule of allowance for losses on repossessed inventory	Schedule of allowance for losses on repossessed inventory December 31, 2020 2019 (In thousands) Gross balance of repossessions in inventory $ 15,589 $ 28,933 Allowance for losses on repossessed inventory (11,790 ) (21,389 ) Net repossessed inventory included in other assets $ 3,799 $ 7,544

(4) Furniture and Equipment (Ta

(4) Furniture and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of furniture and equipment	Schedule of furniture and equipment December 31, 2020 2019 (In thousands) Furniture and fixtures $ 1,648 $ 1,648 Computer and telephone equipment 4,672 6,803 Leasehold improvements 1,507 1,507 7,827 9,958 Less: accumulated depreciation and amortization (6,999 ) (8,446 ) $ 828 $ 1,512

(5) Securitization Trust Debt (

(5) Securitization Trust Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Securitization Trust Debt
Schedule of securitization trust debt	Schedule of securitization trust debt Series Final Scheduled Payment Date (1) Receivables Pledged at December 31, 2020 (2) Initial Principal Outstanding Principal at December 31, 2020 Outstanding Principal at December 31, 2019 Weighted Average Contractual Interest Rate at December 31, 2020 (Dollars in thousands) CPS 2014-C December 2021 – 273,000 – 19,758 0.00% CPS 2014-D March 2022 – 267,500 – 23,755 0.00% CPS 2015-A June 2022 – 245,000 – 26,713 0.00% CPS 2015-B September 2022 17,737 250,000 17,984 36,338 6.01% CPS 2015-C December 2022 27,788 300,000 28,529 53,579 6.77% CPS 2016-A March 2023 35,042 329,460 37,158 71,599 7.24% CPS 2016-B June 2023 45,407 332,690 46,079 82,667 7.42% CPS 2016-C September 2023 47,358 318,500 47,325 83,696 7.53% CPS 2016-D April 2024 38,498 206,325 36,455 65,021 5.81% CPS 2017-A April 2024 42,972 206,320 40,619 71,450 5.82% CPS 2017-B December 2023 53,753 225,170 39,016 76,201 5.00% CPS 2017-C September 2024 56,048 224,825 47,553 80,315 4.82% CPS 2017-D June 2024 57,986 196,300 49,297 83,801 4.32% CPS 2018-A March 2025 62,902 190,000 53,549 91,258 4.11% CPS 2018-B December 2024 75,400 201,823 66,955 111,188 4.51% CPS 2018-C September 2025 87,223 230,275 77,345 130,064 4.62% CPS 2018-D June 2025 104,155 233,730 88,228 149,470 4.58% CPS 2019-A March 2026 131,575 254,400 114,373 186,900 4.38% CPS 2019-B June 2026 128,787 228,275 118,982 184,308 3.95% CPS 2019-C September 2026 150,637 243,513 142,080 216,650 3.26% CPS 2019-D December 2026 190,916 274,313 181,485 265,035 2.80% CPS 2020-A March 2027 187,537 260,000 184,944 – 2.80% CPS 2020-B June 2027 187,597 202,343 164,403 – 3.09% CPS 2020-C November 2027 243,367 252,200 231,961 – 1.67% $ 1,972,684 $ 5,945,962 $ 1,814,320 $ 2,109,766 _________________________ (1) The Final Scheduled Payment Date represents final legal maturity of the securitization trust debt. Securitization trust debt is expected to become due and to be paid prior to those dates, based on amortization of the finance receivables pledged to the Trusts. Expected payments, which will depend on the performance of such receivables, as to which there can be no assurance, are $ 818.4 450.9 350.7 81.1 83.7 18.7 (2) Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets.

(6) Debt (Tables)

(6) Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of debt outstanding	Schedule of debt outstanding Amount Outstanding at December 31, December 31, 2020 2019 (In thousands) Description Interest Rate Maturity Warehouse lines of credit 5.50% over one month Libor (Minimum 6.50%) February 2021 $ 42,558 $ 40,558 3.00% over one month Libor (Minimum 3.75%) December 2022 45,689 96,225 4.00% over a commercial paper rate (Minimum 5.00%) December 2021 32,265 – Residual interest financing 8.60% January 2026 25,576 40,000 Subordinated renewable notes Weighted average rate of 10.09% and 9.75% at December 31, 2020 and December 31, 2019, respectively Weighted average maturity of January 2023 and April 2022 at December 31, 2020 and December 31, 2019, respectively 21,323 17,534 $ 167,411 $ 194,317
Schedule of expected maturity amounts for long-term debt	Schedule of expected maturity amounts for long-term debt Subordinated Contractual maturity renewable date notes (In thousands) 2021 $ 9,506 2022 3,350 2023 3,331 2024 1,162 2025 2,322 Thereafter 1,652 Total $ 21,323

(7) Shareholders_ Equity (Table

(7) Shareholders’ Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Schedule of stock purchases	Schedule of stock purchases Twelve Months Ended December 31, 2020 December 31, 2019 Shares Avg. Price Shares Avg. Price Open market purchases 105,017 $ 3.60 335,546 $ 3.95 Shares redeemed upon net exercise of stock options 46,909 2.86 18,424 3.76 Other 200,000 3.51 24,500 4.20 Total stock purchases 351,926 $ 3.45 378,470 $ 3.97
Schedule of assumptions for stock options	Schedule of assumptions for stock options Year Ended December 31, 2020 2019 2018 Expected life (years) 4.01 4.02 3.99 Risk-free interest rate 0.25% 1.53% 2.74% Volatility 73% 37% 34% Expected dividend yield – – –
Schedule of option activity	Schedule of option activity Number of Shares (in thousands) Weighted Average Exercise Price Weighted Average Remaining Contractual Term Options outstanding at the beginning of period 15,348 $ 4.59 N/A Granted 1,600 2.47 N/A Exercised (558 ) 1.70 N/A Forfeited/Expired (413 ) 5.13 N/A Options outstanding at the end of period 15,977 $ 4.46 2.85 Options exercisable at the end of period 12,597 $ 4.81 2.15
Schedule of options outstanding and exercisable	Schedule of options outstanding and exercisable Number of shares as of December 31, 2020 Number of shares as of December 31, 2019 Range of exercise prices: Outstanding Exercisable Outstanding Exercisable (In thousands) (In thousands) $0.95 - $1.99 1,904 1,904 2,436 2,436 $2.00 - $2.99 1,570 180 – – $3.00 - $3.99 4,973 3,306 5,145 2,158 $4.00 - $4.99 1,540 1,217 1,547 903 $5.00 - $5.99 – – – – $6.00 - $6.99 4,770 4,770 4,955 4,955 $7.00 - $7.99 1,220 1,220 1,265 1,265 Total shares 15,977 12,597 15,348 11,717

(8) Interest Income and Inter_2

(8) Interest Income and Interest Expense (Tables)	12 Months Ended
	Dec. 31, 2020
Schedule of interest income	Schedule of interest income Year Ended December 31, 2020 2019 2018 (In thousands) Interest on finance receivables $ 126,043 $ 211,138 $ 334,634 Interest on finance receivables at fair value 168,266 123,059 43,863 Mark to finance receivables measured at fair value (29,528 ) – – Other interest income 673 2,899 1,800 Interest income $ 265,454 $ 337,096 $ 380,297
Schedule of interest expense	Schedule of interest expense Year Ended December 31, 2020 2019 2018 (In thousands) Securitization trust debt $ 88,031 $ 96,870 $ 89,926 Warehouse lines of credit 7,678 8,402 7,752 Residual interest financing 3,454 3,822 2,343 Subordinated renewable notes 2,175 1,434 1,445 Interest expense $ 101,338 $ 110,528 $ 101,466

(9) Income Taxes (Tables)

(9) Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of income tax expense	Schedule of income tax expense Year Ended December 31, 2020 2019 2018 (In thousands) Current federal tax expense $ (23,576 ) $ (574 ) $ (7,526 ) Current state tax expense 472 105 (2,064 ) Deferred federal tax expense 18,937 2,759 9,074 Deferred state tax expense 2,610 1,466 4,357 Income tax expense $ (1,557 ) $ 3,756 $ 3,841
Schedule of reconciliation of income taxes	Schedule of reconciliation of income taxes Year Ended December 31, 2020 2019 2018 (In thousands) Expense at federal tax rate $ 4,225 $ 1,924 $ 3,928 State taxes, net of federal income tax effect 1,505 1,027 1,718 Stock-based compensation 35 169 238 Non-deductible expenses 974 856 824 Net operating loss carryback (9,435 ) – – Effect of change in tax rate – – – Accounting method change – – (2,100 ) Other 1,139 (220 ) (767 ) income tax expense $ (1,557 ) $ 3,756 $ 3,841
Schedule of deferred tax assets and liabilities	Schedule of deferred tax assets and liabilities December 31, 2020 2019 (In thousands) Deferred Tax Assets: Finance receivables $ 10,930 $ – Accrued liabilities 541 307 NOL carryforwards 7,470 17,240 Built in losses 3,312 4,008 Pension accrual 1,745 1,927 Stock compensation 4,463 4,385 Lease liability 3,843 5,232 Other 46 164 Total deferred tax assets 32,350 33,263 Deferred Tax Liabilities: Finance receivables $ – $ (12,180 ) Deferred loan costs (205 ) (542 ) Lease right-of-use assets (3,517 ) (4,855 ) Furniture and equipment (116 ) (206 ) Total deferred tax liabilities (3,838 ) (17,783 ) Net deferred tax asset $ 28,512 $ 15,480

(10) Commitments and Continge_2

(10) Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Supplemental balance sheet information related to leases	Supplemental balance sheet information related to leases December 31, December 31, 2020 2019 (In thousands) Operating Leases Operating lease right-of-use assets $ 23,735 $ 23,735 Less: Accumulated amortization right-of-use assets (12,792 ) (6,600 ) Operating lease right-of-use assets, net $ 10,943 $ 17,135 Operating lease liabilities $ (12,096 ) $ (18,527 ) Finance Leases Property and equipment, at cost $ 3,407 $ 876 Less: Accumulated depreciation (1,226 ) (150 ) Property and equipment, net $ 2,181 $ 726 Finance lease liabilities $ (2,243 ) $ (718 ) Weighted Average Discount Rate Operating lease 5.0% 5.0% Finance lease 6.5% 6.4%
Maturities of leases	Maturities of leases Maturities of lease liabilities were as follows: (In thousands) Operating Finance Year Ending December 31, Lease Lease 2021 $ 7,458 $ 1,229 2022 6,066 1,050 2023 1,397 84 2024 419 26 2025 282 10 Total undiscounted lease payments 15,622 2,399 Less amounts representing interest (3,526 ) (156 ) Lease Liability $ 12,096 $ 2,243
Schedule of lease cost	Schedule of lease cost Year Ended December 31, 2020 2019 2018 (In thousands) Operating lease cost $ 7,523 $ 7,521 $ 7,124 Finance lease cost 1,179 160 – Total lease cost $ 8,702 $ 7,681 $ 7,124
Supplemental cash flow information related to leases	Supplemental cash flow information related to leases Year Ended December 31, 2020 2019 2018 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,762 $ 7,584 $ 6,809 Operating cash flows from finance leases 1,007 133 37 Financing cash flows from finance leases 172 27 9

(11) Employee Benefits (Tables)

(11) Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Schedule of reconciliation of the change in the plan's benefit obligations	Schedule of reconciliation of the change in the plan's benefit obligations December 31, 2020 2019 (In thousands) Change in Projected Benefit Obligation Projected benefit obligation, beginning of year $ 22,997 $ 20,085 Service cost – – Interest cost 693 808 Assumption changes 2,418 3,047 Actuarial (gain) loss (89 ) 141 Settlements – – Benefits paid (1,341 ) (1,084 ) Projected benefit obligation, end of year $ 24,678 $ 22,997 Change in Plan Assets Fair value of plan assets, beginning of year $ 15,910 $ 14,368 Return on assets 2,775 3,017 Employer contribution 1,161 – Expenses (340 ) (391 ) Settlements – – Benefits paid (1,341 ) (1,084 ) Fair value of plan assets, end of year $ 18,165 $ 15,910 Funded Status at end of year $ (6,513 ) $ (7,087 )
Schedule of weighted average assumptions used to determine pension benefit obligations	Schedule of weighted average assumptions used to determine pension benefit obligations December, 31 2020 2019 Weighted average assumptions used to determine benefit obligations Discount rate 2.28% 3.07% Weighted average assumptions used to determine net periodic benefit cost Discount rate 3.07% 4.11% Expected return on plan assets 7.25% 7.25%
Schedule of components of net periodic benefit cost	Schedule of components of net periodic benefit cost December 31, 2020 2019 2018 (In thousands) Amounts recognized on Consolidated Balance Sheet Other assets $ – $ – $ – Other liabilities (6,513 ) (7,087 ) (5,717 ) Net amount recognized $ (6,513 ) $ (7,087 ) $ (5,717 ) Amounts recognized in accumulated other comprehensive loss consists of: Net loss $ 13,297 $ 13,092 $ 11,896 Unrecognized transition asset – – – Net amount recognized $ 13,297 $ 13,092 $ 11,896 Components of net periodic benefit cost Interest cost $ 693 $ 808 $ 775 Expected return on assets (1,150 ) (1,012 ) (1,163 ) Amortization of transition asset – – – Amortization of net loss 839 376 443 Net periodic benefit cost 382 172 55 Settlement (gain)/loss – – – Total $ 382 $ 172 $ 55 Benefit Obligation Recognized in Other Comprehensive Loss (Income) Net loss (gain) $ 205 $ 1,197 $ 545 Prior service cost (credit) – – – Amortization of prior service cost – – – Net amount recognized in other comprehensive loss (income) $ 205 $ 1,197 $ 545
Schedule of weighted average asset allocation of our pension benefits	Schedule of weighted average asset allocation of our pension benefits December 31, 2020 2019 Weighted Average Asset Allocation at Year-End Asset Category Equity securities 82% 82% Debt securities 18% 18% Cash and cash equivalents 0% 0% Total 100% 100%
Schedule of estimated Future Benefit Payments	Schedule of estimated Future Benefit Payments Cash Flows Estimated Future Benefit Payments (In thousands) 2021 $ 896 2022 933 2023 957 2024 983 2025 1,026 Years 2026 - 2029 5,678 Anticipated Contributions in 2021 $ 522
Schedule of fair value of plan assets	Schedule of fair value of plan assets December 31, 2020 Level 1 (1) Level 2 (2) Level 3 (3) Total Investment Name: (in thousands) Company Common Stock $ 3,811 $ – $ – $ 3,811 Large Cap Value – 2,523 – 2,523 Mid Cap Index – 757 – 757 Small Cap Growth – 765 – 765 Small Cap Value – 785 – 785 Large Cap Blend – 691 – 691 Growth – 2,342 – 2,342 International Growth – 3,003 – 3,003 Core Bond – 1,809 – 1,809 High Yield – 381 – 381 Inflation Protected Bond – 485 – 485 Money Market – 813 – 813 Total $ 3,811 $ 14,354 $ – $ 18,165 December 31, 2019 Level 1 (1) Level 2 (2) Level 3 (3) Total Investment Name: (in thousands) Company Common Stock $ 2,950 $ – $ – $ 2,950 Large Cap Value – 2,370 – 2,370 Mid Cap Index – 658 – 658 Small Cap Growth – 655 – 655 Small Cap Value – 674 – 674 Large Cap Blend – 683 – 683 Growth – 2,342 – 2,342 International Growth – 2,667 – 2,667 Core Bond – 1,909 – 1,909 High Yield – 386 – 386 Inflation Protected Bond – 509 – 509 Money Market – 107 – 107 Total $ 2,950 $ 12,960 $ – $ 15,910 ________________________ (1) Company common stock is classified as level 1 and valued using quoted prices in active markets for identical assets. (2) All other plan assets in stock, bond and money market funds are classified as level 2 and valued using significant observable inputs. (3) There are no plan assets classified as level 3 in the fair value hierarchy as a result of having significant unobservable inputs.

(12) Fair Value Measurements (T

(12) Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of reconciliation of the finance receivables measured at fair value on a recurring basis	Schedule of reconciliation of the finance receivables measured at fair value on a recurring basis Twelve Months Ended December 31, 2020 2019 (In thousands) Balance at beginning of period $ 1,444,038 $ 821,066 Finance receivables at fair value acquired during period 739,734 1,004,194 Payments received on finance receivables at fair value (496,747 ) (292,948 ) Net interest income accretion on fair value receivables (133,771 ) (90,383 ) Mark to fair value (29,528 ) 2,109 Balance at end of period $ 1,523,726 $ 1,444,038
Schedule of finance receivables to their contractual balances	Schedule of finance receivables to their contractual balances December 31, 2020 December 31, 2019 Contractual Fair Contractual Fair Balance Value Balance Value (In thousands) Finance receivables measured at fair value $ 1,668,076 $ 1,523,726 $ 1,492,803 $ 1,444,038
Schedule of level 3 fair value measurements	Schedule of level 3 fair value measurements Financial Instrument Fair Values as of Inputs as of December 31, December 31, 2020 2019 Unobservable Inputs 2020 2019 (In thousands) Assets: Finance receivables measured at fair value $ 1,523,726 $ 1,444,038 Discount rate 10.4% - 11.1% 8.9% - 11.1% Cumulative net losses 15.3% - 18.4% 15.0% - 16.1%
Schedule of delinquency status of finance receivables measured at fair value	Schedule of delinquency status of finance receivables measured at fair value December 31, December 31, 2020 2019 (In thousands) Delinquency Status Current $ 1,505,486 $ 1,344,883 31 - 60 days 96,296 81,262 61 - 90 days 36,436 34,280 91 + days 9,607 15,167 Repo 20,251 17,211 $ 1,668,076 $ 1,492,803
Schedule of estimated fair values of financial assets and liabilities	Schedule of estimated fair values of financial assets and liabilities As of December 31, 2020 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 13,466 $ 13,466 $ – $ – $ 13,466 Restricted cash and equivalents 130,686 130,686 – – 130,686 Finance receivables, net 411,343 – – 429,972 429,972 Accrued interest receivable 5,017 – – 5,017 5,017 Liabilities: Warehouse lines of credit $ 118,999 $ – $ – $ 118,999 $ 118,999 Accrued interest payable 4,919 – – 4,919 4,919 Securitization trust debt 1,803,673 – – 1,862,630 1,862,630 Subordinated renewable notes 21,323 – – 21,323 21,323 As of December 31, 2019 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 5,295 $ 5,295 $ – $ – $ 5,295 Restricted cash and equivalents 135,537 135,537 – – 135,537 Finance receivables, net 885,890 – – 841,160 841,160 Accrued interest receivable 11,645 – – 11,645 11,645 Liabilities: Warehouse lines of credit $ 134,791 $ – $ – $ 134,791 $ 134,791 Accrued interest payable 5,254 – – 5,254 5,254 Securitization trust debt 2,097,728 – – 2,116,520 2,116,520 Subordinated renewable notes 17,534 – – 17,534 17,534

(1) Summary of Significant Ac_4

(1) Summary of Significant Accounting Policies (Details - Other income) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other income for the period	$ 5,707	$ 8,704	$ 9,478
Direct Mail Revenues [Member]
Other income for the period	3,312	4,659	5,829
Convenience Fee Revenue [Member]
Other income for the period	1,490	2,440	1,700
Recoveries on previously charged-off contracts [Member]
Other income for the period	111	158	248
Sales Tax Refunds [Member]
Other income for the period	748	1,239	887
Other Income [Member]
Other income for the period	$ 46	$ 208	$ 814

(1) Summary of Significant Ac_5

(1) Summary of Significant Accounting Policies (Details - Earning per share) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Numerator for basic and diluted earnings per share	$ 21,677	$ 5,406	$ 14,862
Denominator for basic earnings per share - weighted average number of common shares outstanding during the year	22,611	22,416	21,989
Incremental common shares attributable to exercise of outstanding options and warrants	1,392	1,648	2,999
Denominator for diluted earnings per share	24,003	24,064	24,988
Basic earnings per share	$ 0.96	$ 0.24	$ 0.68
Diluted earnings per share	$ 0.90	$ 0.22	$ 0.59

(1) Summary of Significant Ac_6

(1) Summary of Significant Accounting Policies (Details Narrative) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)shares
Product Information [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 13,466	$ 5,295
[custom:MarkToFinanceReceivablesMeasuredAtFairValue]	29,528	0	$ 0
Other assets	$ 32,317	$ 39,852
Incremental shares excluded from EPS calculation | shares	13,600	11,300	10,300
Provision for Loan and Lease Losses	$ 14,113	$ 85,773	$ 133,080
Repossessed Vehicles [Member]
Product Information [Line Items]
Other assets	$ 3,800	$ 7,500
Repossessed Vehicles [Member]
Product Information [Line Items]
Ownership percentage in subsidiary	0.80
Dealer concentration [Member] | Geographic Concentration Risk [Member] | CALIFORNIA
Product Information [Line Items]
Concentration percentage	13.50%	12.60%
Dealer concentration [Member] | Geographic Concentration Risk [Member] | OHIO
Product Information [Line Items]
Concentration percentage	11.10%	10.80%
Dealer concentration [Member] | Geographic Concentration Risk [Member] | TEXAS
Product Information [Line Items]
Concentration percentage	5.40%	6.30%
Dealer concentration [Member] | Geographic Concentration Risk [Member] | NORTH CAROLINA
Product Information [Line Items]
Concentration percentage	5.30%	5.40%
Dealer concentration [Member] | Geographic Concentration Risk [Member] | INDIANA
Product Information [Line Items]
Concentration percentage	5.10%	4.20%

(2) Restricted Cash (Details Na

(2) Restricted Cash (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 130,686	$ 135,537
Securitizations and credit facility reserves [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 52,200,000	$ 54,800,000

(3) Finance Receivables (Detail

(3) Finance Receivables (Details - Components of Finance Receivables) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finance receivables
Automobile finance receivables, net of unearned interest	$ 491,307	$ 895,566
Unearned acquisition fees, discounts and deferred origination costs, net	826	1,964
Finance receivables	$ 492,133	$ 897,530

(3) Finance Receivables (Deta_2

(3) Finance Receivables (Details - Delinquency status) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	$ 491,307	$ 895,566
Financial Asset, 1 to 29 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables, current	406,693	698,870
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables, past due	56,572	107,951
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables, past due	22,660	57,395
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables, past due	$ 5,382	$ 31,350

(3) Finance Receivables (Deta_3

(3) Finance Receivables (Details - Amortized Cost Basis) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Nonaccrual [Line Items]
Amortized cost basis	$ 491,307	$ 895,566
Vintage Pool 2012 [Member]
Financing Receivable, Nonaccrual [Line Items]
Amortized cost basis	608	2,432
Vintage Pool 2013 [Member]
Financing Receivable, Nonaccrual [Line Items]
Amortized cost basis	4,483	15,489
Vintage Pool 2014 [Member]
Financing Receivable, Nonaccrual [Line Items]
Amortized cost basis	23,115	61,290
Vintage Pool 2015 [Member]
Financing Receivable, Nonaccrual [Line Items]
Amortized cost basis	78,457	162,242
Vintage Pool 2016 [Member]
Financing Receivable, Nonaccrual [Line Items]
Amortized cost basis	163,677	292,360
Vintage Pool 2017 [Member]
Financing Receivable, Nonaccrual [Line Items]
Amortized cost basis	$ 220,967	$ 361,753

(3) Finance Receivables (Deta_4

(3) Finance Receivables (Details - Summary of activity) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Finance Receivables
Balance at beginning of year	$ 11,640	$ 67,376	$ 109,187
Impact of adopting ASC 326	127,000
Provision for credit losses on finance receivables	14,113	85,773	133,080
Charge-offs	(90,824)	(184,449)	(220,523)
Recoveries	18,861	42,940	45,632
Balance at end of year	$ 80,790	$ 11,640	$ 67,376

(3) Finance Receivables (Deta_5

(3) Finance Receivables (Details - Repossessed inventory) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Finance Receivables
Gross balance of repossessions in inventory	$ 15,589	$ 28,933
Allowance for losses on repossessed inventory	(11,790)	(21,389)
Net repossessed inventory included in other assets	$ 3,799	$ 7,544

(3) Finance Receivables (Deta_6

(3) Finance Receivables (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finance Receivables
Financing Receivable, Nonaccrual	$ 5,400	$ 31,400

(4) Furniture and Equipment (De

(4) Furniture and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	$ 7,827	$ 9,958
Less: accumulated depreciation and amortization	(6,999)	(8,446)
Furniture and equipment, net	828	1,512
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	1,648	1,648
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	4,672	6,803
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	$ 1,507	$ 1,507

(4) Furniture and Equipment (_2

(4) Furniture and Equipment (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 1,784	$ 1,076	$ 992
Equipment disposals	$ 2,200

(5) Securitization Trust Debt_2

(5) Securitization Trust Debt (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Receivables Pledged at end of period	[1]	$ 1,972,684
Initial Principal		5,945,962
Outstanding Principal		1,814,320	$ 2,109,766
Expected finance receivable payments 2021		818,400
Expected finance receivable payments 2022		450,900
Expected finance receivable payments 2023		350,700
Expected finance receivable payments 2024		81,100
Expected finance receivable payments 2025		83,700
Expected finance receivable payments 2026		$ 18,700
CPS 2014-C [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	December 2021
Receivables Pledged at end of period	[1]	$ 0
Initial Principal		273,000
Outstanding Principal		$ 0	19,758
Weighted Average Contractual Interest Rate		0.00%
CPS 2014-D [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	March 2022
Receivables Pledged at end of period	[1]	$ 0
Initial Principal		267,500
Outstanding Principal		$ 0	23,755
Weighted Average Contractual Interest Rate		0.00%
CPS 2015-A [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	June 2022
Receivables Pledged at end of period	[1]	$ 0
Initial Principal		245,000
Outstanding Principal		$ 0	26,713
Weighted Average Contractual Interest Rate		0.00%
CPS 2015-B [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	September 2022
Receivables Pledged at end of period	[1]	$ 17,737
Initial Principal		250,000
Outstanding Principal		$ 17,984	36,338
Weighted Average Contractual Interest Rate		6.01%
CPS 2015-C [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	December 2022
Receivables Pledged at end of period	[1]	$ 27,788
Initial Principal		300,000
Outstanding Principal		$ 28,529	53,579
Weighted Average Contractual Interest Rate		6.77%
CPS 2016-A [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	March 2023
Receivables Pledged at end of period	[1]	$ 35,042
Initial Principal		329,460
Outstanding Principal		$ 37,158	71,599
Weighted Average Contractual Interest Rate		7.24%
CPS 2016-B [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	June 2023
Receivables Pledged at end of period	[1]	$ 45,407
Initial Principal		332,690
Outstanding Principal		$ 46,079	82,667
Weighted Average Contractual Interest Rate		7.42%
CPS 2016-C [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	September 2023
Receivables Pledged at end of period	[1]	$ 47,358
Initial Principal		318,500
Outstanding Principal		$ 47,325	83,696
Weighted Average Contractual Interest Rate		7.53%
CPS 2016-D [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	April 2024
Receivables Pledged at end of period	[1]	$ 38,498
Initial Principal		206,325
Outstanding Principal		$ 36,455	65,021
Weighted Average Contractual Interest Rate		5.81%
CPS 2017-A [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	April 2024
Receivables Pledged at end of period	[1]	$ 42,972
Initial Principal		206,320
Outstanding Principal		$ 40,619	71,450
Weighted Average Contractual Interest Rate		5.82%
CPS 2017-B [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	December 2023
Receivables Pledged at end of period	[1]	$ 53,753
Initial Principal		225,170
Outstanding Principal		$ 39,016	76,201
Weighted Average Contractual Interest Rate		5.00%
CPS 2017-C [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	September 2024
Receivables Pledged at end of period	[1]	$ 56,048
Initial Principal		224,825
Outstanding Principal		$ 47,553	80,315
Weighted Average Contractual Interest Rate		4.82%
CPS 2017-D [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	June 2024
Receivables Pledged at end of period	[1]	$ 57,986
Initial Principal		196,300
Outstanding Principal		$ 49,297	83,801
Weighted Average Contractual Interest Rate		4.32%
CPS 2018-A [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	March 2025
Receivables Pledged at end of period	[1]	$ 62,902
Initial Principal		190,000
Outstanding Principal		$ 53,549	91,258
Weighted Average Contractual Interest Rate		4.11%
CPS 2018-B [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	December 2024
Receivables Pledged at end of period	[1]	$ 75,400
Initial Principal		201,823
Outstanding Principal		$ 66,955	111,188
Weighted Average Contractual Interest Rate		4.51%
CPS 2018-C [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	September 2025
Receivables Pledged at end of period	[1]	$ 87,223
Initial Principal		230,275
Outstanding Principal		$ 77,345	130,064
Weighted Average Contractual Interest Rate		4.62%
CPS 2018-D [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	June 2025
Receivables Pledged at end of period	[1]	$ 104,155
Initial Principal		233,730
Outstanding Principal		$ 88,228	149,470
Weighted Average Contractual Interest Rate		4.58%
CPS 2019-A [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	March 2026
Receivables Pledged at end of period	[1]	$ 131,575
Initial Principal		254,400
Outstanding Principal		$ 114,373	186,900
Weighted Average Contractual Interest Rate		4.38%
CPS 2019-B [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	June 2026
Receivables Pledged at end of period	[1]	$ 128,787
Initial Principal		228,275
Outstanding Principal		$ 118,982	184,308
Weighted Average Contractual Interest Rate		3.95%
CPS 2019-C [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	September 2026
Receivables Pledged at end of period	[1]	$ 150,637
Initial Principal		243,513
Outstanding Principal		$ 142,080	216,650
Weighted Average Contractual Interest Rate		3.26%
CPS 2019-D [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	December 2026
Receivables Pledged at end of period	[1]	$ 190,916
Initial Principal		274,313
Outstanding Principal		$ 181,485	265,035
Weighted Average Contractual Interest Rate		2.80%
CPS 2020-A [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	March 2027
Receivables Pledged at end of period	[1]	$ 187,537
Initial Principal		260,000
Outstanding Principal		$ 184,944	0
Weighted Average Contractual Interest Rate		2.80%
CPS 2020-B [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	June 2027
Receivables Pledged at end of period	[1]	$ 187,597
Initial Principal		202,343
Outstanding Principal		$ 164,403	0
Weighted Average Contractual Interest Rate		3.09%
CPS 2020-C [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Final Scheduled Payment Date	[2]	November  2027
Receivables Pledged at end of period	[1]	$ 243,367
Initial Principal		252,200
Outstanding Principal		$ 231,961	$ 0
Weighted Average Contractual Interest Rate		1.67%
[1]	Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets.
[2]	The Final Scheduled Payment Date represents final legal maturity of the securitization trust debt. Securitization trust debt is expected to become due and to be paid prior to those dates, based on amortization of the finance receivables pledged to the Trusts. Expected payments, which will depend on the performance of such receivables, as to which there can be no assurance, are $ 818.4 450.9 350.7 81.1 83.7 18.7

(5) Securitization Trust Debt_3

(5) Securitization Trust Debt (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Securitization Trust Debt
Debt issuance costs	$ 10,600	$ 12,000
Restricted cash under various agreements	$ 13,070

(6) Debt (Details - Debt outsta

(6) Debt (Details - Debt outstanding) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Line of Credit Facility [Line Items]
Warehouse lines of credit	$ 118,999	$ 134,791
Residual interest financing	25,426	39,478
Subordinated renewable notes	21,323	17,534
Total debt outstanding	$ 167,411	194,317
Warehouse lines of credit [Member]
Line of Credit Facility [Line Items]
Interest rate	5.50% over one month Libor (Minimum 6.50%)
Maturity date description	February 2021
Warehouse lines of credit	$ 42,558	40,558
Warehouse lines of credit (2) [Member]
Line of Credit Facility [Line Items]
Interest rate	3.00% over one month Libor (Minimum 3.75%)
Maturity date description	December 2022
Warehouse lines of credit	$ 45,689	96,225
Warehouse lines of credit (3) [Member]
Line of Credit Facility [Line Items]
Interest rate	4.00% over a commercial paper rate (Minimum 5.00%)
Maturity date description	December 2021
Warehouse lines of credit	$ 32,265	0
Residual interest financing [Member]
Line of Credit Facility [Line Items]
Maturity date description	January 2026
Interest rate	8.60%
Residual interest financing	$ 25,576	40,000
Subordinated renewable notes [Member]
Line of Credit Facility [Line Items]
Interest rate	Weighted average rate of 10.09% and 9.75% at December 31, 2020 and December 31, 2019, respectively
Maturity date description	Weighted average maturity of January 2023 and April 2022 at December 31, 2020 and December 31, 2019, respectively
Subordinated renewable notes	$ 21,323	$ 17,534

(6) Debt (Details - Debt maturi

(6) Debt (Details - Debt maturity schedule) - Subordinated renewable notes [Member] $ in Thousands	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
2021	$ 9,506
2022	3,350
2023	3,331
2024	1,162
2025	2,322
Thereafter	1,652
Total	$ 21,323

(6) Debt (Details Narrative)

(6) Debt (Details Narrative) - USD ($) $ in Thousands	5 Months Ended
	May 16, 2018	Dec. 31, 2020	Dec. 31, 2019	Nov. 24, 2015	Apr. 17, 2015	May 11, 2012
Line of Credit Facility [Line Items]
Debt issuance costs		$ 1,500	$ 2,000
Warehouse lines of credit amount outstanding		118,999	134,791
Residual Interest Financings [Member]
Line of Credit Facility [Line Items]
Proceeds from residual interest financings	$ 40,000
Unamortized debt issuance costs		150
2018-1 Notes [Member]
Line of Credit Facility [Line Items]
Line of credit, outstanding balance		25,600
Warehouse Credit Facility [Member] | Citibank [Member]
Line of Credit Facility [Line Items]
Credit line maximum						$ 100,000
Warehouse lines of credit amount outstanding		45,700
Warehouse Credit Facility [Member] | Fortress Investment Group [Member]
Line of Credit Facility [Line Items]
Credit line maximum					$ 100,000
Warehouse lines of credit amount outstanding		42,600
Warehouse Credit Facility [Member] | Credit Suisse AG and Ares Agent Services [Member]
Line of Credit Facility [Line Items]
Credit line maximum				$ 100,000
Warehouse lines of credit amount outstanding		3,230
Expected finance receivable payments 2020
Line of Credit Facility [Line Items]
Warehouse lines of credit amount outstanding		$ 120,600	$ 136,800

(7) Shareholders' Equity (Detai

(7) Shareholders' Equity (Details - Stock purchases) - Common Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Total stock purchases, shares	351,926	378,470
Total stock purchases, average price per share	$ 3.45	$ 3.97
Open Market Purchases [Member]
Class of Stock [Line Items]
Total stock purchases, shares	105,017	335,546
Total stock purchases, average price per share	$ 3.60	$ 3.95
Shares Redeemed [Member]
Class of Stock [Line Items]
Total stock purchases, shares	46,909	18,424
Total stock purchases, average price per share	$ 2.86	$ 3.76
Other Repurchases [Member]
Class of Stock [Line Items]
Total stock purchases, shares	200,000	24,500
Total stock purchases, average price per share	$ 3.51	$ 4.20

(7) Shareholders' Equity (Det_2

(7) Shareholders' Equity (Details - Assumptions)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Expected life (years)	4 years 3 days	4 years 7 days	3 years 11 months 26 days
Risk-free interest rate	0.25%	1.53%	2.74%
Volatility	73.00%	37.00%	34.00%
Expected dividend yield	0.00%	0.00%	0.00%

(7) Shareholders' Equity (Det_3

(7) Shareholders' Equity (Details - Option activity) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Options outstanding at the beginning of period	15,348
Options outstanding at the beginning of period	$ 4.59
Granted	1,600
Granted	$ 2.47
Exercised	(558)
Exercised	$ 1.70
Forfeited/Expired	(413)
Forfeited/Expired	$ 5.13
Options outstanding at the end of period	15,977
Options outstanding at the end of period	$ 4.46
Weighted average remaining contractual term, end of period	2 years 10 months 6 days
Options exercisable at the end of period	12,597	11,717
Options exercisable at the end of period	$ 4.81
Weighted average remaining contractual term, exercisable at the end of period	2 years 1 month 24 days

(7) Shareholders' Equity (Det_4

(7) Shareholders' Equity (Details - Options outstanding and exercisable) - shares shares in Thousands	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	15,977	15,348
Number of shares, exercisable	12,597	11,717
$0.95 - $1.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,904	2,436
Number of shares, exercisable	1,904	2,436
$2.00 - $2.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,570	0
Number of shares, exercisable	180	0
$3.00 - $3.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	4,973	5,145
Number of shares, exercisable	3,306	2,158
$4.00 - $4.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,540	1,547
Number of shares, exercisable	1,217	903
$5.00 - $5.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	0	0
Number of shares, exercisable	0	0
$6.00 - $6.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	4,770	4,955
Number of shares, exercisable	4,770	4,955
$7.00 - $7.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,220	1,265
Number of shares, exercisable	1,220	1,265

(7) Shareholders_ Equity (Detai

(7) Shareholders’ Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Weighted average exercise price of stock options granted per share	$ 1.33	$ 1.11	$ 1.06
Voliatility assumptions, minimum	72.00%	37.00%	31.00%
Voliatility assumptions, maximum	80.00%	39.00%	34.00%
Stock-based compensation expense	$ 1,935	$ 2,072	$ 3,515
Unrecognized stock-based compensation costs	$ 3,200
Weighted-average period for unrecognized costs	2 years 2 months 12 days
Intrinsic value options outstanding	$ 11,900	4,800
Intrinsic value of options exercisable	8,200	4,800
Intrinsic value of options exercised	1,000	$ 1,400
Proceeds from options exercised	$ 949
Authorizations prior to December 31, 2015 [Member]
Class of Stock [Line Items]
Options authorized under plan	19,200,000
Shares available for grant	270,000
Common Stock [Member]
Class of Stock [Line Items]
Stock repurchase program, total shares authorized to be repurchased	$ 10,000
Amount remaining of stock repurchase authorized amount	$ 5,100
Common Stock [Member]
Class of Stock [Line Items]
Repurchase of common stock, shares	351,926	378,470
Average price per share of common stock repurchased (in dollars per share)	$ 3.45	$ 3.97

(8) Interest Income and Inter_3

(8) Interest Income and Interest Expense (Details - Interest income) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest on finance receivables	$ 126,043	$ 211,138	$ 334,634
Interest on finance receivables at fair value	168,266	123,059	43,863
Mark to finance receivables measured at fair value	(29,528)	0	0
Other interest income	673	2,899	1,800
Interest income	$ 265,454	$ 337,096	$ 380,297

(8) Interest Income and Inter_4

(8) Interest Income and Interest Expense (Details - Interest expense) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Obligation with Joint and Several Liability Arrangement [Line Items]
Total interest expense	$ 101,338	$ 110,528	$ 101,466
Securitization Trust Debt [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Total interest expense	88,031	96,870	89,926
WarehouseLinesOfCreditMember
Obligation with Joint and Several Liability Arrangement [Line Items]
Total interest expense	7,678	8,402	7,752
Residual interest financing [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Total interest expense	3,454	3,822	2,343
Subordinated renewable notes [Member]
Obligation with Joint and Several Liability Arrangement [Line Items]
Total interest expense	$ 2,175	$ 1,434	$ 1,445

(9) Income Taxes (Details - Inc

(9) Income Taxes (Details - Income tax expense) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Current federal tax expense	$ (23,576)	$ (574)	$ (7,526)
Current state tax expense	472	105	(2,064)
Deferred federal tax expense	18,937	2,759	9,074
Deferred state tax expense	2,610	1,466	4,357
Income tax expense	$ (1,557)	$ 3,756	$ 3,841

(9) Income Taxes (Details - Tax

(9) Income Taxes (Details - Tax rate effect) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Expense at federal tax rate	$ 4,225	$ 1,924	$ 3,928
State taxes, net of federal income tax effect	1,505	1,027	1,718
Stock-based compensation	35	169	238
Non-deductible expenses	974	856	824
Net operating loss carryback	(9,435)	0	0
Effect of change in tax rate	0	0	0
Accounting method change	0	0	(2,100)
Other	1,139	(220)	(767)
Income tax expense	$ (1,557)	$ 3,756	$ 3,841

(9) Income Taxes (Details - Def

(9) Income Taxes (Details - Deferred taxes) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred Tax Assets:
Finance receivables	$ 10,930	$ 0
Accrued liabilities	541	307
NOL carryforwards	7,470	17,240
Built in losses	3,312	4,008
Pension accrual	1,745	1,927
Stock compensation	4,463	4,385
Lease liability	3,843	5,232
Other	46	164
Total deferred tax assets	32,350	33,263
Deferred Tax Liabilities:
Finance receivables	0	(12,180)
Deferred loan costs	(205)	(542)
Lease right-of-use assets	(3,517)	(4,855)
Furniture and equipment	(116)	(206)
Total deferred tax liabilities	(3,838)	(17,783)
Net deferred tax asset	$ 28,512	$ 15,480

(9) Income Taxes (Details Narra

(9) Income Taxes (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective tax rate	35.00%
Current tax benefits	$ 8,800
Income tax expense (benefit)	(1,557)	$ 3,756	$ 3,841
Net deferred tax asset	28,512	$ 15,480
Unrecognized tax benefits	0
Domestic Tax Authority [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Net deferred tax asset	17,000
State and Local Jurisdiction [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Net deferred tax asset	11,500
Net operating loss carryforward	$ 86,800
Tax Planning Strategies [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Income tax expense (benefit)			$ 2,100

(10) Commitments and Continge_3

(10) Commitments and Contingencies (Details - Supplemental balance sheet information related to leases) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Operating Leases
Operating lease right-of-use assets	$ 23,735	$ 23,735
Less: Accumulated amortization right-of-use assets	(12,792)	(6,600)
Operating lease right-of-use assets, net	10,943	17,135
Operating lease liabilities	(12,096)	(18,527)
Finance Leases
Property and equipment, at cost	3,407	876
Less: Accumulated depreciation	(1,226)	(150)
Property and equipment, net	2,181	726
Finance lease liabilities	$ (2,243)	$ (718)
Operating lease	5.00%	5.00%
Finance lease	6.50%	6.40%

(10) Commitments and Continge_4

(10) Commitments and Contingencies (Details - Maturities of lease liabilities) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Operating lease maturing 2021	$ 7,458
Finance lease maturing 2021	1,229
Operating lease maturing 2022	6,066
Finance lease maturing 2022	1,050
Operating lease maturing 2023	1,397
Finance lease maturing 2023	84
Operating lease maturing 2024	419
Finance lease maturing 2024	26
Operating lease maturing 2025	282
Finance lease maturing 2025	10
Total undiscounted operating lease payments	15,622
Total undiscounted finance lease payments	2,399
Less amounts representing interest operating lease	(3,526)
Less amounts representing interest finance lease	(156)
Operating Lease Liability	12,096	$ 18,527
Finance Lease Liability	$ 2,243	$ 718

(10) Commitments and Continge_5

(10) Commitments and Contingencies (Details - Lease cost) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 7,523	$ 7,521	$ 7,124
Finance lease cost	1,179	160	0
Total lease cost	$ 8,702	$ 7,681	$ 7,124

(10) Commitments and Continge_6

(10) Commitments and Contingencies (Details - Lease - Cash flow) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 7,762	$ 7,584	$ 6,809
Operating cash flows from finance leases	1,007	133	37
Financing cash flows from finance leases	$ 172	$ 27	$ 9

(11) Employee Benefits (Details

(11) Employee Benefits (Details - Reconciliation) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of year	$ 22,997	$ 20,085
Service cost	0	0
Interest cost	693	808	$ 775
Assumption changes	2,418	3,047
Actuarial (gain) loss	(89)	141
Settlements	0	0
Benefits paid	(1,341)	(1,084)
Projected benefit obligation, end of year	24,678	22,997	20,085
Change in Plan Assets
Fair value of plan assets, beginning of year	15,910	14,368
Return on assets	2,775	3,017
Employer contribution	1,161	0
Expenses	(340)	(391)
Settlements	0	0
Benefits paid	(1,341)	(1,084)
Fair value of plan assets, end of year	18,165	15,910	$ 14,368
Funded Status at end of year	$ (6,513)	$ (7,087)

(11) Employee Benefits (Detai_2

(11) Employee Benefits (Details - Weighted average assumptions)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Weighted average assumptions used to determine benefit obligations
Discount rate	2.28%	3.07%
Weighted average assumptions used to determine net periodic benefit cost
Discount rate	3.07%	4.11%
Expected return on plan assets	7.25%	7.25%

(11) Employee Benefits (Detai_3

(11) Employee Benefits (Details - Amounts recognized) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Amounts recognized on Consolidated Balance Sheet
Other assets	$ 0	$ 0	$ 0
Other liabilities	(6,513)	(7,087)	(5,717)
Net amount recognized	(6,513)	(7,087)	(5,717)
Amounts recognized in accumulated other comprehensive loss consists of:
Net loss	13,297	13,092	11,896
Unrecognized transition asset	0	0	0
Net amount recognized	13,297	13,092	11,896
Components of net periodic benefit cost
Interest cost	693	808	775
Expected return on assets	(1,150)	(1,012)	(1,163)
Amortization of transition asset	0	0	0
Amortization of net  loss	839	376	443
Net periodic benefit cost	382	172	55
Settlement (gain)/loss	0	0	0
Total	382	172	55
Benefit Obligation Recognized in Other Comprehensive Loss (Income)
Net loss (gain)	205	1,197	545
Prior service cost (credit)	0	0	0
Amortization of prior service cost	0	0	0
Net amount recognized in other comprehensive loss (income)	$ 205	$ 1,197	$ 545

(11) Employee Benefits (Detai_4

(11) Employee Benefits (Details - Asset allocation)	Dec. 31, 2020	Dec. 31, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Asset Allocation at Year-End	100.00%	100.00%
Cash and Cash Equivalents [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Asset Allocation at Year-End	0.00%	0.00%
Equity Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Asset Allocation at Year-End	82.00%	82.00%
Debt Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Asset Allocation at Year-End	18.00%	18.00%

(11) Employee Benefits (Detai_5

(11) Employee Benefits (Details - Estimated future benefit payments) $ in Thousands	Dec. 31, 2020USD ($)
Estimated Future Benefit Payments (In thousands)
2021	$ 896
2022	933
2023	957
2024	983
2025	1,026
Years 2026 - 2029	5,678
Anticipated Contributions in 2021	$ 522

(11) Employee Benefits (Detai_6

(11) Employee Benefits (Details - Fair value of plan assets) - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 18,165	$ 15,910	$ 14,368
Company Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		3,811	2,950
Large Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		2,523	2,370
Mid Cap Index [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		757	658
Small Cap Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		765	655
Small Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		785	674
Large Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		691	683
Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		2,342	2,342
International Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		3,003	2,667
Core Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		1,809	1,909
High Yield [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		381	386
Inflation Protected Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		485	509
Money Market [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		813	107
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	3,811	2,950
Fair Value, Inputs, Level 1 [Member] | Company Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	3,811	2,950
Fair Value, Inputs, Level 1 [Member] | Large Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | Mid Cap Index [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | Small Cap Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | Small Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | Large Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | International Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | Core Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | High Yield [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | Inflation Protected Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 1 [Member] | Money Market [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	14,354	12,960
Fair Value, Inputs, Level 2 [Member] | Company Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	0	0
Fair Value, Inputs, Level 2 [Member] | Large Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	2,523	2,370
Fair Value, Inputs, Level 2 [Member] | Mid Cap Index [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	757	658
Fair Value, Inputs, Level 2 [Member] | Small Cap Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	765	655
Fair Value, Inputs, Level 2 [Member] | Small Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	785	674
Fair Value, Inputs, Level 2 [Member] | Large Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	691	683
Fair Value, Inputs, Level 2 [Member] | Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	2,342	2,342
Fair Value, Inputs, Level 2 [Member] | International Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	3,003	2,667
Fair Value, Inputs, Level 2 [Member] | Core Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	1,809	1,909
Fair Value, Inputs, Level 2 [Member] | High Yield [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	381	386
Fair Value, Inputs, Level 2 [Member] | Inflation Protected Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	485	509
Fair Value, Inputs, Level 2 [Member] | Money Market [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	813	107
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Company Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Large Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Mid Cap Index [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Small Cap Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Small Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Large Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | International Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Core Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | High Yield [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Inflation Protected Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Fair Value, Inputs, Level 3 [Member] | Money Market [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	$ 0	$ 0
[1]	Company common stock is classified as level 1 and valued using quoted prices in active markets for identical assets.
[2]	All other plan assets in stock, bond and money market funds are classified as level 2 and valued using significant observable inputs.
[3]	There are no plan assets classified as level 3 in the fair value hierarchy as a result of having significant unobservable inputs.

(11) Employee Benefits (Detai_7

(11) Employee Benefits (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
401(k) plan contributions	$ 1,400	$ 1,600	$ 1,500
Expected long term rate of return	7.25%	7.25%
Estimated net loss amortized into net periodic benefit cost	$ 148

(12) Fair Value Measurements (D

(12) Fair Value Measurements (Details - Reconciliation of Finance Receivables) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Balance at beginning of period	$ 1,444,038	$ 821,066
Finance receivables at fair value acquired during period	739,734	1,004,194	$ 914,949
Payments received on finance receivables at fair value	(496,747)	(292,948)
Net interest income accretion on fair value receivables	(133,771)	(90,383)	(26,162)
Mark to fair value	(29,528)	2,109
Balance at end of period	$ 1,523,726	$ 1,444,038	$ 821,066

(12) Fair Value Measurements _2

(12) Fair Value Measurements (Details - Finance Receivables to Their Contractual Balances) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance receivables measured at fair value	$ 1,523,726	$ 1,444,038	$ 821,066
Portion at Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance receivables measured at fair value	1,523,726	1,444,038
Contractual Balance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance receivables measured at fair value	$ 1,668,076	$ 1,492,803

(12) Fair Value Measurements _3

(12) Fair Value Measurements (Details - Level 3 Fair Value Measurements) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Finance receivables measured at fair value	$ 1,523,726	$ 1,444,038	$ 821,066
Portion at Fair Value Measurement [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Finance receivables measured at fair value	1,523,726	1,444,038
Portion at Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Finance receivables measured at fair value	$ 1,523,726	$ 1,444,038
Portion at Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Discount Rate [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants	10.40%	8.90%
Portion at Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Discount Rate [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants	11.10%	11.10%
Portion at Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input Cumulative Net Lossese [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants	15.30%	15.00%
Portion at Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input Cumulative Net Lossese [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants	18.40%	16.10%

(12) Fair Value Measurements _4

(12) Fair Value Measurements (Details - Delinquency status) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Finance receivables measured at fair value current	$ 1,505,486	$ 1,344,883
Finance receivables measured at fair value	1,668,076	1,492,803
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables measured at fair value	96,296	81,262
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables measured at fair value	36,436	34,280
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables measured at fair value	9,607	15,167
Repossessed Vehicles [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables measured at fair value	$ 20,251	$ 17,211

(12) Fair Value Measurements _5

(12) Fair Value Measurements (Details - Fair values) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets:
Cash and cash equivalents	$ 13,466	$ 5,295
Restricted cash and equivalents	130,686	135,537
Finance receivables, net	429,972	841,160
Accrued interest receivable	5,017	11,645
Liabilities:
Warehouse lines of credit	118,999	134,791
Accrued interest payable	4,919	5,254
Securitization trust debt	1,862,630	2,116,520
Subordinated renewable notes	21,323	17,534
Carrying Value [Member]
Assets:
Cash and cash equivalents	13,466	5,295
Restricted cash and equivalents	130,686	135,537
Finance receivables, net	411,343	885,890
Accrued interest receivable	5,017	11,645
Liabilities:
Warehouse lines of credit	118,999	134,791
Accrued interest payable	4,919	5,254
Securitization trust debt	1,803,673	2,097,728
Subordinated renewable notes	21,323	17,534
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and cash equivalents	13,466	5,295
Restricted cash and equivalents	130,686	135,537
Finance receivables, net	0	0
Accrued interest receivable	0	0
Liabilities:
Warehouse lines of credit	0	0
Accrued interest payable	0	0
Securitization trust debt	0	0
Subordinated renewable notes	0	0
Fair Value, Inputs, Level 2 [Member]
Assets:
Cash and cash equivalents	0	0
Restricted cash and equivalents	0	0
Finance receivables, net	0	0
Accrued interest receivable	0	0
Liabilities:
Warehouse lines of credit	0	0
Accrued interest payable	0	0
Securitization trust debt	0	0
Subordinated renewable notes	0	0
Fair Value, Inputs, Level 3 [Member]
Assets:
Cash and cash equivalents	0	0
Restricted cash and equivalents	0	0
Finance receivables, net	429,972	841,160
Accrued interest receivable	5,017	11,645
Liabilities:
Warehouse lines of credit	118,999	134,791
Accrued interest payable	4,919	5,254
Securitization trust debt	1,862,630	2,116,520
Subordinated renewable notes	$ 21,323	$ 17,534

(12) Fair Value Measurements _6

(12) Fair Value Measurements (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Gross balance of repossessions in inventory	$ 15,589	$ 28,933
Allowance for losses on repossessed inventory	$ 11,790	21,389
Recovery rate	(24.00%)
Net repossessed inventory included in other assets	$ (3,799)	$ (7,544)