Consumer Portfolio Services (CPSS) 10-K 15 Mar 22 2021 FY Annual report Financial data

Cover

Cover - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Mar. 08, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
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			$ 71,867,759
Entity Common Stock, Shares Outstanding		21,267,402
ICFR Auditor Attestation Flag	false
Auditor Name	CROWE LLP
Auditor Location	Texas
Auditor Firm ID	173

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 29,928	$ 13,466
Restricted cash and equivalents	146,620	130,686
Finance receivables measured at fair value	1,749,098	1,523,726
Finance receivables	232,390	492,133
Less: Allowance for finance credit losses	(56,206)	(80,790)
Finance receivables, net	176,184	411,343
Furniture and equipment, net	1,129	828
Deferred tax assets, net	19,575	28,512
Accrued interest receivable	2,269	5,017
Other assets	34,775	32,317
Total Assets	2,159,578	2,145,895
Liabilities
Accounts payable and accrued expenses	43,648	43,112
Warehouse lines of credit	105,610	118,999
Residual interest financing	53,682	25,426
Securitization trust debt	1,759,972	1,803,673
Subordinated renewable notes	26,459	21,323
Total Liabilities	1,989,371	2,012,533
Shareholders' Equity
Preferred stock	0	0
Common stock, no par value; authorized 75,000,000 shares; 21,143,764 and 22,737,342 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	55,298	72,926
Retained earnings	116,531	69,007
Accumulated other comprehensive loss	(1,622)	(8,571)
Total stockholders' equity	170,207	133,362
Total liabilities and stockholders' equity	2,159,578	2,145,895
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, 2021	Dec. 31, 2020
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	21,143,764	22,737,342
Common Stock, Shares, Outstanding	21,143,764	22,737,342
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Interest income	$ 266,266	$ 294,982	$ 337,096
Mark to finance receivables measured at fair value	(4,417)	(29,528)	0
Other income	5,962	5,707	8,704
Total revenues	267,811	271,161	345,800
Expenses:
Employee costs	80,534	80,198	80,877
General and administrative	34,616	31,981	33,004
Interest	75,239	101,338	110,528
Provision for credit losses	(14,590)	14,113	85,773
Sales	16,876	14,206	17,893
Occupancy	7,715	7,421	7,487
Depreciation and amortization	1,675	1,784	1,076
Total operating expenses	202,065	251,041	336,638
Income before income tax expense (benefit)	65,746	20,120	9,162
Income tax expense (benefit)	18,222	(1,557)	3,756
Net income	$ 47,524	$ 21,677	$ 5,406
Earnings per share:
Basic	$ 2.11	$ 0.96	$ 0.24
Diluted	$ 1.84	$ 0.90	$ 0.22
Number of shares used in computing earnings per share:
Basic	22,562	22,611	22,416
Diluted	25,780	24,003	24,064

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net income	$ 47,524	$ 21,677	$ 5,406
Other comprehensive income (loss); change in funded status of pension plan, net of $2,851, $55 and $330 in tax for 2021, 2020 and 2019, respectively	6,949	(150)	(867)
Comprehensive income	$ 54,473	$ 21,527	$ 4,539

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Amount of tax expense (benefit) for (increase) decrease in value of benefit obligation	$ 2,851	$ 55	$ 330

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDER'S 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, 2018	$ 70,273	$ 134,399	$ (7,554)	$ 197,118
Balance at beginning (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
Common stock issued upon exercise of options and warrants	$ 6,048			6,048
Common stock issued upon exercise of options and warrants (in shares)	2,291
Repurchase of common stock	$ (25,676)			(25,676)
Repurchase of common stock (in shares)	(3,884)
Other comprehensive income (loss)			6,949	6,949
Stock-based compensation	2,000			2,000
Net income		47,524		47,524
Ending balance, value at Dec. 31, 2021	$ 55,298	$ 116,531	$ (1,622)	$ 170,207
Balance at end (in shares) at Dec. 31, 2021	21,144

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 47,524	$ 21,677	$ 5,406
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of deferred acquisition fees and origination costs	651	1,138	1,757
Net interest income accretion on fair value receivables	134,020	133,771	90,383
Depreciation and amortization	1,675	1,784	1,076
Amortization of deferred financing costs	7,114	8,102	8,281
Mark to fair value of finance receivables measured at fair value	4,417	29,528	(2,109)
Provision for credit losses	(14,590)	14,113	85,773
Stock-based compensation expense	2,000	1,935	2,072
Changes in assets and liabilities:
Accrued interest receivable	2,748	6,628	20,324
Other assets	(3,787)	2,713	7,464
Deferred tax assets, net	8,937	21,493	3,708
Accounts payable and accrued expenses	7,485	(4,115)	(7,351)
Net cash provided by operating activities	198,194	238,767	216,784
Cash flows from investing activities:
Payments received on finance receivables held for investment	249,098	332,296	481,289
Purchases of finance receivables measured at fair value	(1,107,537)	(739,734)	(1,004,194)
Payments on receivables portfolio at fair value	743,728	496,747	292,948
Change in repossessions held in inventory	1,329	3,746	1,354
Purchase of furniture and equipment	(1,976)	(24)	(751)
Net cash provided by (used in) investing activities	(115,358)	93,031	(229,354)
Cash flows from financing activities:
Proceeds from issuance of securitization trust debt	1,110,747	714,543	1,000,501
Proceeds from issuance of subordinated renewable notes	7,988	6,750	5,764
Payments on subordinated renewable notes	(2,852)	(2,961)	(5,520)
Net advances (repayments) of warehouse lines of credit	(14,503)	(16,271)	(1,300)
Net advances (repayments) of residual interest financing debt	28,735	(14,424)	0
Repayment of securitization trust debt	(1,153,114)	(1,009,988)	(966,144)
Payment of financing costs	(7,813)	(5,861)	(8,921)
Purchase of common stock	(25,676)	(1,215)	(1,440)
Exercise of options and warrants	6,048	949	352
Net cash provided by (used in) financing activities	(50,440)	(328,478)	23,292
Increase in cash and cash equivalents	32,396	3,320	10,722
Cash and cash equivalents at beginning of year	144,152	140,832	130,110
Cash and cash equivalents at end of year	176,548	144,152	140,832
Cash paid (received) during the period for:
Interest	69,476	93,571	101,812
Income taxes	14,253	(23,997)	(5,156)
Non-cash financing activities:
Right-of-use asset, net			(21,869)
Lease liability			23,327
Deferred office rent			$ (1,458)

(1) Summary of Significant Acco

(1) Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
(1) Summary of Significant Accounting Policies	(1) Summary of Significant Accounting Policies Description of Business Consumer Portfolio Services, Inc. ("CPS") was incorporated in California on March 8, 1991. CPS and its subsidiaries (collectively, the “Company”) specialize in purchasing and servicing retail automobile installment sale contracts ("Contracts") originated by licensed motor vehicle dealers (“Dealers”) located throughout the United States. Customers located in California, Ohio, Texas, Florida, Indiana, and Pennsylvania represented 10.9 9.3 6.1 5.0 5.0 4.6 13.5 11.1 5.1 4.6 5.4 3.4 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, 2021, our unrestricted cash balance was $ 29.9 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 periods ended December 31, 2020 and 2021, 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 4.4 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 $ 2.5 3.8 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 “overcollateralization” of the Notes. 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, 2021 2020 2019 (In thousands) Direct mail revenues $ 3,391 $ 3,312 $ 4,659 Convenience fee revenue 590 1,490 2,440 Recoveries on previously charged-off contracts 115 111 158 Sales tax refunds 580 748 1,239 Other 1,286 46 208 Other income for the period $ 5,962 $ 5,707 $ 8,704 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, 2021 2020 2019 (In thousands, except per share data) Numerator: Numerator for basic and diluted earnings per share $ 47,524 $ 21,677 $ 5,406 Denominator: Denominator for basic earnings per share - weighted average number of common shares outstanding during the year 22,562 22,611 22,416 Incremental common shares attributable to exercise of outstanding options and warrants 3,218 1,392 1,648 Denominator for diluted earnings per share 25,780 24,003 24,064 Basic earnings per share $ 2.11 $ 0.96 $ 0.24 Diluted earnings per share $ 1.84 $ 0.90 $ 0.22 Incremental shares of 5.7 13.6 11.3 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, 2021 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, 2021, 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 uncertainty associated with the pandemic. We recorded a $ 14.1 29.5 During the twelve-month period ended December 31, 2021, we recorded a reduction to provision for credit losses in the amount of $ 14.6

(2) Restricted Cash

(2) Restricted Cash	12 Months Ended
	Dec. 31, 2021
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 $ 146.6 130.7 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 $ 49.0 52.2

(3) Finance Receivables

(3) Finance Receivables	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 Finance receivables (In thousands) Automobile finance receivables, net of unearned interest $ 232,390 $ 491,307 Unearned acquisition fees, discounts and deferred origination costs, net – 826 Finance receivables $ 232,390 $ 492,133 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, 2021 and 2020: Schedule of amortized cost basis of finance receivables December 31, 2021 2020 (In thousands) Delinquency Status Current $ 186,625 $ 406,693 31 - 60 days 30,980 56,572 61 - 90 days 12,070 22,660 91 + days 2,715 5,382 $ 232,390 $ 491,307 Finance receivables totaling $ 2.7 5.4 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, 2021 and 2020: Schedule of amortized cost basis of finance receivables December 31, December 31, 2021 2020 (In thousands) Annual Vintage Pool 2012 and prior $ 131 $ 608 2013 1,091 4,483 2014 6,881 23,115 2015 29,695 78,457 2016 76,728 163,677 2017 117,864 220,967 Total amortized cost basis $ 232,390 $ 491,307 At the adoption of CECL, the Company recorded an addition to its allowance for finance credit losses of $ 127.0 For the year ended December 31, 2021, we recorded a reduction to provision for credit losses on finance receivables in the amount of $ 14.6 14.1 The following table presents a summary of the activity for the allowance for finance credit losses, for the years ended December 31, 2021, 2020 and 2019: Schedule of allowance for finance credit losses December 31, 2021 2020 2019 (In thousands) Balance at beginning of year $ 80,790 $ 11,640 $ 67,376 Impact of adopting ASC 326 n/a 127,000 n/a Provision for credit losses on finance receivables (14,590 ) 14,113 85,773 Charge-offs (30,940 ) (90,824 ) (184,449 ) Recoveries 20,946 18,861 42,940 Balance at end of year $ 56,206 $ 80,790 $ 11,640 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, 2021 2020 (In thousands) Gross balance of repossessions in inventory $ 4,341 $ 15,589 Allowance for losses on repossessed inventory (1,871 ) (11,790 ) Net repossessed inventory included in other assets $ 2,470 $ 3,799

(4) Furniture and Equipment

(4) Furniture and Equipment	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 (In thousands) Furniture and fixtures $ 1,936 $ 1,648 Computer and telephone equipment 5,216 4,672 Leasehold improvements 1,507 1,507 8,659 7,827 Less: accumulated depreciation and amortization (7,530 ) (6,999 ) $ 1,129 $ 828 Depreciation expense totaled $ 1,675,000 1,784,000 1,076,000 21,000

(5) Securitization Trust Debt

(5) Securitization Trust Debt	12 Months Ended
	Dec. 31, 2021
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 Weighted Average Final Receivables Outstanding Outstanding Contractual Scheduled Pledged at Principal at Principal at Interest Rate at Payment December 31, Initial December 31, December 31, December 31, Series Date (1) 2021 (2) Principal 2021 2020 2021 (Dollars in thousands) CPS 2015-B September 2022 $ – $ 250,000 $ – $ 17,984 – CPS 2015-C December 2022 – 300,000 – 28,529 – CPS 2016-A March 2023 – 329,460 – 37,158 – CPS 2016-B June 2023 – 332,690 – 46,079 – CPS 2016-C September 2023 – 318,500 – 47,325 – CPS 2016-D April 2024 – 206,325 – 36,455 – CPS 2017-A April 2024 21,381 206,320 17,644 40,619 7.07 % CPS 2017-B December 2023 27,922 225,170 12,491 39,016 5.75 % CPS 2017-C September 2024 30,061 224,825 25,846 47,553 5.68 % CPS 2017-D June 2024 30,994 196,300 26,744 49,297 4.95 % CPS 2018-A March 2025 34,363 190,000 29,518 53,549 4.68 % CPS 2018-B December 2024 42,054 201,823 36,092 66,955 5.10 % CPS 2018-C September 2025 47,708 230,275 42,765 77,345 5.27 % CPS 2018-D June 2025 58,204 233,730 49,634 88,228 5.12 % CPS 2019-A March 2026 72,750 254,400 62,667 114,373 4.90 % CPS 2019-B June 2026 72,683 228,275 61,730 118,982 4.61 % CPS 2019-C September 2026 85,381 243,513 75,065 142,080 3.76 % CPS 2019-D December 2026 109,469 274,313 98,625 181,485 3.20 % CPS 2020-A March 2027 104,000 260,000 99,485 184,944 3.32 % CPS 2020-B June 2027 110,962 202,343 87,048 164,403 4.58 % CPS 2020-C November 2027 150,173 252,200 138,899 231,961 2.35 % CPS 2021-A March 2028 162,217 230,545 147,516 – 0.97 % CPS 2021-B June 2028 189,319 240,000 179,856 – 1.24 % CPS 2021-C September 2028 264,525 291,000 250,003 – 1.11 % CPS 2021-D December 2028 340,451 349,202 330,325 – 1.39 % $ 1,954,617 $ 6,271,209 $ 1,771,953 $ 1,814,320 _________________________ (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 $ 687.9 621.2 150.6 167.0 92.1 41.2 (2) Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets. Debt issuance costs of $ 12.0 10.6 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, 2021. 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, 2021, restricted cash under the various agreements totaled approximately $ 146.6 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, 2021
Debt Disclosure [Abstract]
(6) Debt	(6) Debt The terms of our debt outstanding at December 31, 2021 and 2020 are summarized below: Schedule of debt outstanding Amount Outstanding at December 31, December 31, 2021 2020 (In thousands) Description Interest Rate Maturity Warehouse lines of credit 5.50% over one month Libor (Minimum 6.50%) N/A $ – $ 42,558 3.00% over one month Libor (Minimum 3.75%) December 2022 70,590 45,689 3.50% over a commercial paper rate (Minimum 4.50%) January 2024 35,420 32,265 Residual interest financing 8.60% January 2026 4,311 25,576 Residual interest financing 7.86% June 2026 50,000 – Subordinated renewable notes Weighted average rate of 8.93% 10.09% Weighted average maturity of January 2024 January 2023 26,459 21,323 $ 186,780 $ 167,411 Debt issuance costs of $ 400,000 1.5 On May 11, 2012, we entered into a $ 100 70.6 On April 17, 2015, we entered into an additional $ 100 On November 24, 2015, we entered into an additional $ 100 35.4 The total outstanding debt on our three warehouse lines of credit was $ 106 120.5 On May 16, 2018, we completed a $ 40 40 4.3 On June 30, 2021, we completed a $ 50 50 50 The agreed valuation of the collateral for the 2018-1 and 2021-1 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. On each monthly payment date, the 2018-1 and 2021-1 Notes are entitled to interest at the coupon rate and, if necessary, a principal payment necessary to maintain a specified minimum collateral ratio. Unamortized debt issuance costs of $ 629,000 150,000 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 our outstanding subordinated renewable notes as of December 31, 2021: Schedule of expected maturity amounts for long-term debt Subordinated Contractual maturity renewable date notes (In thousands) 2022 $ 12,002 2023 5,235 2024 1,981 2025 2,436 2026 3,236 Thereafter 1,569 Total $ 26,459

(7) Shareholders_ Equity

(7) Shareholders’ Equity	12 Months Ended
	Dec. 31, 2021
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, 2021, we purchased 3,884,876 6.61 13.68 7.2 Schedule of stock purchases Twelve Months Ended December 31, 2021 December 31, 2020 Shares Avg. Price Shares Avg. Price Open market purchases 1,639,138 $ 6.98 105,017 $ 3.60 Shares redeemed upon net exercise of stock options 245,743 6.95 46,909 2.86 Other 1,999,995 6.26 200,000 3.51 Total stock purchases 3,884,876 $ 6.61 351,926 $ 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, July 2018 and again in November 2021, 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, 19,200,000 and 22,200,000 The per share weighted-average fair value of stock options granted during the years ended December 31, 2021, 2020 and 2019 was $ 2.65 1.33 1.11 79 71 72 80 37 39 Schedule of assumptions for stock options Year Ended December 31, 2021 2020 2019 Expected life (years) 4.00 4.01 4.02 Risk-free interest rate 0.49 % 0.25 % 1.53 % Volatility 72 % 73 % 37 % Expected dividend yield – – – For the years ended December 31, 2021, 2020 and 2019, we recorded stock-based compensation costs in the amount of $ 2.0 1.9 2.1 4.9 2.3 At December 31, 2021 and 2020, options outstanding had intrinsic values of $ 13.1 11.9 9.7 8.2 9.0 1.0 6.0 3,881,000 Stock option activity for the year ended December 31, 2021 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 15,977 $ 4.46 N/A Granted 1,460 4.95 N/A Exercised (2,291 ) 2.64 N/A Forfeited/Expired (2,071 ) 6.31 N/A Options outstanding at the end of period 13,075 $ 4.54 2.85 Options exercisable at the end of period 9,685 $ 4.80 1.89 The following table presents the price distribution of stock options outstanding and exercisable for the years ended December 31, 2021 and 2020: Schedule of options outstanding and exercisable Number of shares as of Number of shares as of December 31, 2021 December 31, 2020 Outstanding Exercisable Outstanding Exercisable Range of exercise prices: (In thousands) (In thousands) $0.95 - $1.99 577 577 1,904 1,904 $2.00 - $2.99 1,517 489 1,570 180 $3.00 - $3.99 4,285 3,382 4,973 3,306 $4.00 - $4.99 2,870 1,410 1,540 1,217 $5.00 - $5.99 – – – – $6.00 - $6.99 2,651 2,652 4,770 4,770 $7.00 - $7.99 1,175 1,175 1,220 1,220 Total shares 13,075 9,685 15,977 12,597 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, 2021, 2020 and 2019.

(8) Interest Income and Interes

(8) Interest Income and Interest Expense	12 Months Ended
	Dec. 31, 2021
(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, 2021 2020 2019 (In thousands) Interest on finance receivables $ 69,783 $ 126,043 $ 211,138 Interest on finance receivables at fair value 196,461 168,266 123,059 Mark to finance receivables measured at fair value (4,417 ) (29,528 ) – Other interest income 22 673 2,899 Interest income $ 261,849 $ 265,454 $ 337,096 The following table presents the components of interest expense: Schedule of interest expense Year Ended December 31, 2021 2020 2019 (In thousands) Securitization trust debt $ 64,387 $ 88,031 $ 96,870 Warehouse lines of credit 4,448 7,678 8,402 Residual interest financing 3,763 3,454 3,822 Subordinated renewable notes 2,641 2,175 1,434 Interest expense $ 75,239 $ 101,338 $ 110,528

(9) Income Taxes

(9) Income Taxes	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 2019 (In thousands) Current federal tax expense $ 8,992 $ (23,576 ) $ (574 ) Current state tax expense 2,845 472 105 Deferred federal tax expense 3,012 18,937 2,759 Deferred state tax expense 3,373 2,610 1,466 Income tax expense $ 18,222 $ (1,557 ) $ 3,756 Income tax expense for the years ended December 31, 2021, 2020 and 2019 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, 2021 2020 2019 (In thousands) Expense at federal tax rate $ 13,807 $ 4,225 $ 1,924 State taxes, net of federal income tax effect 3,974 1,505 1,027 Stock-based compensation (947 ) 35 169 Non-deductible expenses 1,129 974 856 Net operating loss carryback (1,694 ) (9,435 ) – Effect of change in tax rate – – – Accounting method change – – – Other 1,953 1,139 (220 ) Income tax expense $ 18,222 $ (1,557 ) $ 3,756 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 35 680 8.8 The tax effected cumulative temporary differences that give rise to deferred tax assets and liabilities as of December 31, 2021 and 2020 are as follows: Schedule of deferred tax assets and liabilities December 31, 2021 2020 (In thousands) Deferred Tax Assets: Finance receivables $ 10,644 $ 10,930 Accrued liabilities 1,694 541 NOL carryforwards 2,070 7,470 Built in losses 2,679 3,312 Pension accrual – 1,745 Stock compensation 3,584 4,463 Lease liability 2,737 3,843 Other – 46 Total deferred tax assets 23,408 32,350 Deferred Tax Liabilities: Finance receivables $ – $ – Deferred loan costs – (205 ) Pension accrual (1,026 ) – Lease right-of-use assets (2,487 ) (3,517 ) Furniture and equipment and other (320 ) (116 ) Total deferred tax liabilities (3,833 ) (3,838 ) Net deferred tax asset $ 19,575 $ 28,512 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 $ 19.6 12.2 7.4 As of December 31, 2021, we had net operating loss carryforwards for state income tax purposes of $ 42.4 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, 2021, we had no unrecognized tax benefits for uncertain tax positions. 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 2018.

(10) Commitments and Contingenc

(10) Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
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. The following table presents the supplemental balance sheet information related to leases: Supplemental balance sheet information related to leases December 31, December 31, 2021 2020 (In thousands) Operating Leases Operating lease right-of-use assets $ 25,819 $ 23,735 Less: Accumulated amortization right-of-use assets (17,624 ) (12,792 ) Operating lease right-of-use assets, net $ 8,195 $ 10,943 Operating lease liabilities $ (9,058 ) $ (12,096 ) http://fasb.org/us-gaap/2021-01-31#OtherLiabilities http://fasb.org/us-gaap/2021-01-31#OtherLiabilities Finance Leases Property and equipment, at cost $ 3,407 $ 3,407 Less: Accumulated depreciation (2,348 ) (1,226 ) Property and equipment, net $ 1,059 $ 2,181 Finance lease liabilities $ (1,124 ) $ (2,243 ) http://fasb.org/us-gaap/2021-01-31#OtherLiabilities http://fasb.org/us-gaap/2021-01-31#OtherLiabilities Weighted Average Discount Rate Operating lease 5.0% 5.0% Finance lease 6.5% 6.5% Maturities of leases Maturities of lease liabilities were as follows: (In thousands) Operating Finance Year Ending December 31, Lease Lease 2022 $ 6,434 $ 1,050 2023 1,888 84 2024 920 26 2025 795 9 2026 501 – Thereafter 1,160 – Total undiscounted lease payments 11,698 1,169 Less amounts representing interest (2,640 ) (45 ) Lease Liability $ 9,058 $ 1,124 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, 2021 2020 2019 (In thousands) Operating lease cost $ 7,184 $ 7,523 $ 7,521 Finance lease cost 1,229 1,179 160 Total lease cost $ 8,413 $ 8,702 $ 7,681 The following table presents the supplemental cash flow information related to leases: Supplemental cash flow information related to leases Year Ended December 31, 2021 2020 2019 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,474 $ 7,762 $ 7,584 Operating cash flows from finance leases 1,118 1,007 133 Financing cash flows from finance leases $ 111 $ 172 $ 27 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. There are as of the date of this report two civil actions that could possibly result in a material liability, if resolved adversely and on a class basis, as the respective plaintiffs allege would be appropriate. Following our filing of a complaint for a deficiency judgment in the Superior Court at Waterbury, Connecticut, the defendant filed a cross-claim alleging that our deficiency notices were not compliant with Connecticut law, and seeking relief on behalf of a class of Connecticut obligors whose vehicles we had repossessed. The defendant’s contract provided for resolution of disputes exclusively by arbitration, and exclusively on an individual basis, not a class basis. Nevertheless, in August 2021, the court denied our motion to compel arbitration, without opinion. As of the date of this report, no motion for certification of a class has been filed or granted; however, it would be reasonable to expect that resolution of these claims will be on a class basis. 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. 3.4 11.3 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, 2021
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 1.3 1.4 1.6 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, 2021 and 2020: Schedule of reconciliation of the change in the plan's benefit obligations December 31, 2021 2020 (In thousands) Change in Projected Benefit Obligation Projected benefit obligation, beginning of year $ 24,678 $ 22,997 Interest cost 553 693 Assumption changes (1,074 ) 2,418 Actuarial (gain) loss (222 ) (89 ) Settlements (865 ) – Benefits paid (790 ) (1,341 ) Projected benefit obligation, end of year $ 22,280 $ 24,678 Change in Plan Assets Fair value of plan assets, beginning of year $ 18,165 $ 15,910 Return on assets 8,703 2,775 Employer contribution 1,124 1,161 Expenses (239 ) (340 ) Settlements (865 ) – Benefits paid (790 ) (1,341 ) Fair value of plan assets, end of year $ 26,098 $ 18,165 Funded Status at end of year $ 3,818 $ (6,513 ) Additional Information Weighted average assumptions used to determine benefit obligations and cost at December 31, 2021 and 2020 were as follows: Schedule of weighted average assumptions used to determine pension benefit obligations December, 31 2021 2020 Weighted average assumptions used to determine benefit obligations Discount rate 2.65 2.28 Weighted average assumptions used to determine net periodic benefit cost Discount rate 2.28 3.07 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, 2021 2020 2019 (In thousands) Amounts recognized on Consolidated Balance Sheet Other assets $ 3,818 $ – $ – Other liabilities – (6,513 ) (7,087 ) Net amount recognized $ 3,818 $ (6,513 ) $ (7,087 ) Amounts recognized in accumulated other comprehensive loss consists of: Net loss $ 3,794 $ 13,297 $ 13,092 Unrecognized transition asset – – – Net amount recognized $ 3,794 $ 13,297 $ 13,092 Components of net periodic benefit cost Interest cost $ 553 $ 693 $ 808 Expected return on assets (1,301 ) (1,150 ) (1,012 ) Amortization of transition asset – – – Amortization of net loss 896 839 376 Net periodic benefit cost 148 382 172 Settlement (gain)/loss (865 ) – – Total $ (717 ) $ 382 $ 172 Benefit Obligation Recognized in Other Comprehensive Loss (Income) Net loss (gain) $ (9,503 ) $ 205 $ 1,197 Prior service cost (credit) – – – Amortization of prior service cost – – – Net amount recognized in other comprehensive loss (income) $ (9,503 ) $ 205 $ 1,197 The estimated net gain that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2022 is $ 1.2 The weighted average asset allocation of our pension benefits at December 31, 2021 and 2020 were as follows: Schedule of weighted average asset allocation of our pension benefits December 31, 2021 2020 Weighted Average Asset Allocation at Year-End Asset Category Equity securities 78 % 82 % Debt securities 22 % 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) 2022 $ 904 2023 934 2024 957 2025 989 2026 1,034 Years 2027 - 2031 5,605 Anticipated Contributions in 2022 $ – The fair value of plan assets at December 31, 2021 and 2020, by asset category, is as follows: Schedule of fair value of plan assets December 31, 2021 Level 1 (1) Level 2 (2) Level 3 (3) Total Investment Name: (in thousands) Company Common Stock $ 10,472 $ – $ – $ 10,472 Large Cap Value – 2,933 – 2,933 Mid Cap Index – 836 – 836 Small Cap Growth – 714 – 714 Small Cap Value – 868 – 868 Large Cap Blend – 859 – 859 Growth – 2,915 – 2,915 International Growth – 3,036 – 3,036 Core Bond – 2,316 – 2,316 High Yield – 473 – 473 Inflation Protected Bond – 641 – 641 Money Market – 35 – 35 Total $ 10,472 $ 15,626 $ – $ 26,098 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 ________________________ (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, 2021
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, 2021 2020 (In thousands) Balance at beginning of period $ 1,523,726 $ 1,444,038 Finance receivables at fair value acquired during period 1,107,537 739,734 Payments received on finance receivables at fair value (743,728 ) (496,747 ) Net interest income accretion on fair value receivables (134,020 ) (133,771 ) Mark to fair value (4,417 ) (29,528 ) Balance at end of period $ 1,749,098 $ 1,523,726 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, 2021 December 31, 2020 Contractual Fair Contractual Fair Balance Value Balance Value (In thousands) Finance receivables measured at fair value $ 1,972,699 $ 1,749,098 $ 1,668,076 $ 1,523,726 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, 2021 2020 Unobservable Inputs 2021 2020 (In thousands) Assets: Finance receivables measured at fair value $ 1,749,098 $ 1,523,726 Discount rate 10.6 11.3 10.4 11.1 Cumulative net losses 10.0 18.4 15.3 18.4 The following table summarizes the delinquency status using the contractual balance of these finance receivables measured at fair value as of December 31, 2021 and December 31, 2020: Schedule of delinquency status of finance receivables measured at fair value December 31, December 31, 2021 2020 (In thousands) Delinquency Status Current $ 1,787,641 $ 1,505,486 31 - 60 days 115,924 96,296 61 - 90 days 38,999 36,436 91 + days 11,564 9,607 Repo 18,571 20,251 $ 1,972,699 $ 1,668,076 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, 2021, the finance receivables related to the repossessed vehicles in inventory totaled $ 4.3 1.9 57 2.4 3.8 11.8 There were no transfers in or out of level 1 or level 2 assets and liabilities for 2021 and 2020. 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, 2021 and 2020, were as follows: Schedule of estimated fair values of financial assets and liabilities As of December 31, 2021 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 29,928 $ 29,928 $ – $ – $ 29,928 Restricted cash and equivalents 146,620 146,620 – – 146,620 Finance receivables, net 176,184 – – 178,795 178,795 Accrued interest receivable 2,269 – – 2,269 2,269 Liabilities: Warehouse lines of credit $ 105,610 $ – $ – $ 105,610 $ 105,610 Accrued interest payable 3,568 – – 3,568 3,568 Securitization trust debt 1,759,972 – – 1,740,901 1,740,901 Subordinated renewable notes 26,459 – – 26,459 26,459 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

13) Subsequent Events

13) Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
13) Subsequent Events	13) Subsequent Events On February 2, 2022 we executed our first securitization of 2022. In the transaction, qualified institutional buyers purchased $316.8 million of asset-backed notes secured by $330.0 million in automobile receivables originated by CPS. The sold notes, issued by CPS Auto Receivables Trust 2022-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 2.54%. The 2022-A transaction has initial credit enhancement consisting of a cash deposit equal to 1.00% of the original receivable pool balance and overcollateralization of 4.00%. The transaction agreements require accelerated payment of principal on the notes to reach overcollateralization of the lesser of 8.40% of the original receivable pool balance, or 25.80% of the then outstanding pool balance. The transaction utilizes a pre-funding structure, in which CPS sold approximately $217.8 million of receivables at inception and plans to sell approximately $112.2 million of additional receivables in February 2022. 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, 2021
Accounting Policies [Abstract]
Description of Business	Description of Business Consumer Portfolio Services, Inc. ("CPS") was incorporated in California on March 8, 1991. CPS and its subsidiaries (collectively, the “Company”) specialize in purchasing and servicing retail automobile installment sale contracts ("Contracts") originated by licensed motor vehicle dealers (“Dealers”) located throughout the United States. Customers located in California, Ohio, Texas, Florida, Indiana, and Pennsylvania represented 10.9 9.3 6.1 5.0 5.0 4.6 13.5 11.1 5.1 4.6 5.4 3.4 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, 2021, our unrestricted cash balance was $ 29.9
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 periods ended December 31, 2020 and 2021, 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 4.4 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 $ 2.5 3.8
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 “overcollateralization” of the Notes. 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, 2021 2020 2019 (In thousands) Direct mail revenues $ 3,391 $ 3,312 $ 4,659 Convenience fee revenue 590 1,490 2,440 Recoveries on previously charged-off contracts 115 111 158 Sales tax refunds 580 748 1,239 Other 1,286 46 208 Other income for the period $ 5,962 $ 5,707 $ 8,704
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, 2021 2020 2019 (In thousands, except per share data) Numerator: Numerator for basic and diluted earnings per share $ 47,524 $ 21,677 $ 5,406 Denominator: Denominator for basic earnings per share - weighted average number of common shares outstanding during the year 22,562 22,611 22,416 Incremental common shares attributable to exercise of outstanding options and warrants 3,218 1,392 1,648 Denominator for diluted earnings per share 25,780 24,003 24,064 Basic earnings per share $ 2.11 $ 0.96 $ 0.24 Diluted earnings per share $ 1.84 $ 0.90 $ 0.22 Incremental shares of 5.7 13.6 11.3
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, 2021 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, 2021, 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 uncertainty associated with the pandemic. We recorded a $ 14.1 29.5 During the twelve-month period ended December 31, 2021, we recorded a reduction to provision for credit losses in the amount of $ 14.6

(1) Summary of Significant Ac_3

(1) Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of other income	Schedule of other income Year Ended December 31, 2021 2020 2019 (In thousands) Direct mail revenues $ 3,391 $ 3,312 $ 4,659 Convenience fee revenue 590 1,490 2,440 Recoveries on previously charged-off contracts 115 111 158 Sales tax refunds 580 748 1,239 Other 1,286 46 208 Other income for the period $ 5,962 $ 5,707 $ 8,704
Schedule of computation of earnings per share	Schedule of computation of earnings per share Year Ended December 31, 2021 2020 2019 (In thousands, except per share data) Numerator: Numerator for basic and diluted earnings per share $ 47,524 $ 21,677 $ 5,406 Denominator: Denominator for basic earnings per share - weighted average number of common shares outstanding during the year 22,562 22,611 22,416 Incremental common shares attributable to exercise of outstanding options and warrants 3,218 1,392 1,648 Denominator for diluted earnings per share 25,780 24,003 24,064 Basic earnings per share $ 2.11 $ 0.96 $ 0.24 Diluted earnings per share $ 1.84 $ 0.90 $ 0.22

(3) Finance Receivables (Tables

(3) Finance Receivables (Tables)	12 Months Ended
	Dec. 31, 2021
Finance Receivables
Schedule of finance receivables	Schedule of finance receivables December 31, 2021 2020 Finance receivables (In thousands) Automobile finance receivables, net of unearned interest $ 232,390 $ 491,307 Unearned acquisition fees, discounts and deferred origination costs, net – 826 Finance receivables $ 232,390 $ 492,133
Schedule of amortized cost basis of finance receivables	Schedule of amortized cost basis of finance receivables December 31, 2021 2020 (In thousands) Delinquency Status Current $ 186,625 $ 406,693 31 - 60 days 30,980 56,572 61 - 90 days 12,070 22,660 91 + days 2,715 5,382 $ 232,390 $ 491,307
Schedule of amortized cost basis of finance receivables	Schedule of amortized cost basis of finance receivables December 31, December 31, 2021 2020 (In thousands) Annual Vintage Pool 2012 and prior $ 131 $ 608 2013 1,091 4,483 2014 6,881 23,115 2015 29,695 78,457 2016 76,728 163,677 2017 117,864 220,967 Total amortized cost basis $ 232,390 $ 491,307
Schedule of allowance for finance credit losses	Schedule of allowance for finance credit losses December 31, 2021 2020 2019 (In thousands) Balance at beginning of year $ 80,790 $ 11,640 $ 67,376 Impact of adopting ASC 326 n/a 127,000 n/a Provision for credit losses on finance receivables (14,590 ) 14,113 85,773 Charge-offs (30,940 ) (90,824 ) (184,449 ) Recoveries 20,946 18,861 42,940 Balance at end of year $ 56,206 $ 80,790 $ 11,640
Schedule of allowance for losses on repossessed inventory	Schedule of allowance for losses on repossessed inventory December 31, 2021 2020 (In thousands) Gross balance of repossessions in inventory $ 4,341 $ 15,589 Allowance for losses on repossessed inventory (1,871 ) (11,790 ) Net repossessed inventory included in other assets $ 2,470 $ 3,799

(4) Furniture and Equipment (Ta

(4) Furniture and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of furniture and equipment	Schedule of furniture and equipment December 31, 2021 2020 (In thousands) Furniture and fixtures $ 1,936 $ 1,648 Computer and telephone equipment 5,216 4,672 Leasehold improvements 1,507 1,507 8,659 7,827 Less: accumulated depreciation and amortization (7,530 ) (6,999 ) $ 1,129 $ 828

(5) Securitization Trust Debt (

(5) Securitization Trust Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Securitization Trust Debt
Schedule of securitization trust debt	Schedule of securitization trust debt Weighted Average Final Receivables Outstanding Outstanding Contractual Scheduled Pledged at Principal at Principal at Interest Rate at Payment December 31, Initial December 31, December 31, December 31, Series Date (1) 2021 (2) Principal 2021 2020 2021 (Dollars in thousands) CPS 2015-B September 2022 $ – $ 250,000 $ – $ 17,984 – CPS 2015-C December 2022 – 300,000 – 28,529 – CPS 2016-A March 2023 – 329,460 – 37,158 – CPS 2016-B June 2023 – 332,690 – 46,079 – CPS 2016-C September 2023 – 318,500 – 47,325 – CPS 2016-D April 2024 – 206,325 – 36,455 – CPS 2017-A April 2024 21,381 206,320 17,644 40,619 7.07 % CPS 2017-B December 2023 27,922 225,170 12,491 39,016 5.75 % CPS 2017-C September 2024 30,061 224,825 25,846 47,553 5.68 % CPS 2017-D June 2024 30,994 196,300 26,744 49,297 4.95 % CPS 2018-A March 2025 34,363 190,000 29,518 53,549 4.68 % CPS 2018-B December 2024 42,054 201,823 36,092 66,955 5.10 % CPS 2018-C September 2025 47,708 230,275 42,765 77,345 5.27 % CPS 2018-D June 2025 58,204 233,730 49,634 88,228 5.12 % CPS 2019-A March 2026 72,750 254,400 62,667 114,373 4.90 % CPS 2019-B June 2026 72,683 228,275 61,730 118,982 4.61 % CPS 2019-C September 2026 85,381 243,513 75,065 142,080 3.76 % CPS 2019-D December 2026 109,469 274,313 98,625 181,485 3.20 % CPS 2020-A March 2027 104,000 260,000 99,485 184,944 3.32 % CPS 2020-B June 2027 110,962 202,343 87,048 164,403 4.58 % CPS 2020-C November 2027 150,173 252,200 138,899 231,961 2.35 % CPS 2021-A March 2028 162,217 230,545 147,516 – 0.97 % CPS 2021-B June 2028 189,319 240,000 179,856 – 1.24 % CPS 2021-C September 2028 264,525 291,000 250,003 – 1.11 % CPS 2021-D December 2028 340,451 349,202 330,325 – 1.39 % $ 1,954,617 $ 6,271,209 $ 1,771,953 $ 1,814,320

(6) Debt (Tables)

(6) Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of debt outstanding	Schedule of debt outstanding Amount Outstanding at December 31, December 31, 2021 2020 (In thousands) Description Interest Rate Maturity Warehouse lines of credit 5.50% over one month Libor (Minimum 6.50%) N/A $ – $ 42,558 3.00% over one month Libor (Minimum 3.75%) December 2022 70,590 45,689 3.50% over a commercial paper rate (Minimum 4.50%) January 2024 35,420 32,265 Residual interest financing 8.60% January 2026 4,311 25,576 Residual interest financing 7.86% June 2026 50,000 – Subordinated renewable notes Weighted average rate of 8.93% 10.09% Weighted average maturity of January 2024 January 2023 26,459 21,323 $ 186,780 $ 167,411
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) 2022 $ 12,002 2023 5,235 2024 1,981 2025 2,436 2026 3,236 Thereafter 1,569 Total $ 26,459

(7) Shareholders_ Equity (Table

(7) Shareholders’ Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Schedule of stock purchases	Schedule of stock purchases Twelve Months Ended December 31, 2021 December 31, 2020 Shares Avg. Price Shares Avg. Price Open market purchases 1,639,138 $ 6.98 105,017 $ 3.60 Shares redeemed upon net exercise of stock options 245,743 6.95 46,909 2.86 Other 1,999,995 6.26 200,000 3.51 Total stock purchases 3,884,876 $ 6.61 351,926 $ 3.97
Schedule of assumptions for stock options	Schedule of assumptions for stock options Year Ended December 31, 2021 2020 2019 Expected life (years) 4.00 4.01 4.02 Risk-free interest rate 0.49 % 0.25 % 1.53 % Volatility 72 % 73 % 37 % 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 15,977 $ 4.46 N/A Granted 1,460 4.95 N/A Exercised (2,291 ) 2.64 N/A Forfeited/Expired (2,071 ) 6.31 N/A Options outstanding at the end of period 13,075 $ 4.54 2.85 Options exercisable at the end of period 9,685 $ 4.80 1.89
Schedule of options outstanding and exercisable	Schedule of options outstanding and exercisable Number of shares as of Number of shares as of December 31, 2021 December 31, 2020 Outstanding Exercisable Outstanding Exercisable Range of exercise prices: (In thousands) (In thousands) $0.95 - $1.99 577 577 1,904 1,904 $2.00 - $2.99 1,517 489 1,570 180 $3.00 - $3.99 4,285 3,382 4,973 3,306 $4.00 - $4.99 2,870 1,410 1,540 1,217 $5.00 - $5.99 – – – – $6.00 - $6.99 2,651 2,652 4,770 4,770 $7.00 - $7.99 1,175 1,175 1,220 1,220 Total shares 13,075 9,685 15,977 12,597

(8) Interest Income and Inter_2

(8) Interest Income and Interest Expense (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of interest income	Schedule of interest income Year Ended December 31, 2021 2020 2019 (In thousands) Interest on finance receivables $ 69,783 $ 126,043 $ 211,138 Interest on finance receivables at fair value 196,461 168,266 123,059 Mark to finance receivables measured at fair value (4,417 ) (29,528 ) – Other interest income 22 673 2,899 Interest income $ 261,849 $ 265,454 $ 337,096
Schedule of interest expense	Schedule of interest expense Year Ended December 31, 2021 2020 2019 (In thousands) Securitization trust debt $ 64,387 $ 88,031 $ 96,870 Warehouse lines of credit 4,448 7,678 8,402 Residual interest financing 3,763 3,454 3,822 Subordinated renewable notes 2,641 2,175 1,434 Interest expense $ 75,239 $ 101,338 $ 110,528

(9) Income Taxes (Tables)

(9) Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of income tax expense	Schedule of income tax expense Year Ended December 31, 2021 2020 2019 (In thousands) Current federal tax expense $ 8,992 $ (23,576 ) $ (574 ) Current state tax expense 2,845 472 105 Deferred federal tax expense 3,012 18,937 2,759 Deferred state tax expense 3,373 2,610 1,466 Income tax expense $ 18,222 $ (1,557 ) $ 3,756
Schedule of reconciliation of income taxes	Schedule of reconciliation of income taxes Year Ended December 31, 2021 2020 2019 (In thousands) Expense at federal tax rate $ 13,807 $ 4,225 $ 1,924 State taxes, net of federal income tax effect 3,974 1,505 1,027 Stock-based compensation (947 ) 35 169 Non-deductible expenses 1,129 974 856 Net operating loss carryback (1,694 ) (9,435 ) – Effect of change in tax rate – – – Accounting method change – – – Other 1,953 1,139 (220 ) Income tax expense $ 18,222 $ (1,557 ) $ 3,756
Schedule of deferred tax assets and liabilities	Schedule of deferred tax assets and liabilities December 31, 2021 2020 (In thousands) Deferred Tax Assets: Finance receivables $ 10,644 $ 10,930 Accrued liabilities 1,694 541 NOL carryforwards 2,070 7,470 Built in losses 2,679 3,312 Pension accrual – 1,745 Stock compensation 3,584 4,463 Lease liability 2,737 3,843 Other – 46 Total deferred tax assets 23,408 32,350 Deferred Tax Liabilities: Finance receivables $ – $ – Deferred loan costs – (205 ) Pension accrual (1,026 ) – Lease right-of-use assets (2,487 ) (3,517 ) Furniture and equipment and other (320 ) (116 ) Total deferred tax liabilities (3,833 ) (3,838 ) Net deferred tax asset $ 19,575 $ 28,512

(10) Commitments and Continge_2

(10) Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Supplemental balance sheet information related to leases	Supplemental balance sheet information related to leases December 31, December 31, 2021 2020 (In thousands) Operating Leases Operating lease right-of-use assets $ 25,819 $ 23,735 Less: Accumulated amortization right-of-use assets (17,624 ) (12,792 ) Operating lease right-of-use assets, net $ 8,195 $ 10,943 Operating lease liabilities $ (9,058 ) $ (12,096 ) http://fasb.org/us-gaap/2021-01-31#OtherLiabilities http://fasb.org/us-gaap/2021-01-31#OtherLiabilities Finance Leases Property and equipment, at cost $ 3,407 $ 3,407 Less: Accumulated depreciation (2,348 ) (1,226 ) Property and equipment, net $ 1,059 $ 2,181 Finance lease liabilities $ (1,124 ) $ (2,243 ) http://fasb.org/us-gaap/2021-01-31#OtherLiabilities http://fasb.org/us-gaap/2021-01-31#OtherLiabilities Weighted Average Discount Rate Operating lease 5.0% 5.0% Finance lease 6.5% 6.5%
Maturities of leases	Maturities of leases Maturities of lease liabilities were as follows: (In thousands) Operating Finance Year Ending December 31, Lease Lease 2022 $ 6,434 $ 1,050 2023 1,888 84 2024 920 26 2025 795 9 2026 501 – Thereafter 1,160 – Total undiscounted lease payments 11,698 1,169 Less amounts representing interest (2,640 ) (45 ) Lease Liability $ 9,058 $ 1,124
Schedule of lease cost	Schedule of lease cost Year Ended December 31, 2021 2020 2019 (In thousands) Operating lease cost $ 7,184 $ 7,523 $ 7,521 Finance lease cost 1,229 1,179 160 Total lease cost $ 8,413 $ 8,702 $ 7,681
Supplemental cash flow information related to leases	Supplemental cash flow information related to leases Year Ended December 31, 2021 2020 2019 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,474 $ 7,762 $ 7,584 Operating cash flows from finance leases 1,118 1,007 133 Financing cash flows from finance leases $ 111 $ 172 $ 27

(11) Employee Benefits (Tables)

(11) Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 (In thousands) Change in Projected Benefit Obligation Projected benefit obligation, beginning of year $ 24,678 $ 22,997 Interest cost 553 693 Assumption changes (1,074 ) 2,418 Actuarial (gain) loss (222 ) (89 ) Settlements (865 ) – Benefits paid (790 ) (1,341 ) Projected benefit obligation, end of year $ 22,280 $ 24,678 Change in Plan Assets Fair value of plan assets, beginning of year $ 18,165 $ 15,910 Return on assets 8,703 2,775 Employer contribution 1,124 1,161 Expenses (239 ) (340 ) Settlements (865 ) – Benefits paid (790 ) (1,341 ) Fair value of plan assets, end of year $ 26,098 $ 18,165 Funded Status at end of year $ 3,818 $ (6,513 )
Schedule of weighted average assumptions used to determine pension benefit obligations	Schedule of weighted average assumptions used to determine pension benefit obligations December, 31 2021 2020 Weighted average assumptions used to determine benefit obligations Discount rate 2.65 2.28 Weighted average assumptions used to determine net periodic benefit cost Discount rate 2.28 3.07 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, 2021 2020 2019 (In thousands) Amounts recognized on Consolidated Balance Sheet Other assets $ 3,818 $ – $ – Other liabilities – (6,513 ) (7,087 ) Net amount recognized $ 3,818 $ (6,513 ) $ (7,087 ) Amounts recognized in accumulated other comprehensive loss consists of: Net loss $ 3,794 $ 13,297 $ 13,092 Unrecognized transition asset – – – Net amount recognized $ 3,794 $ 13,297 $ 13,092 Components of net periodic benefit cost Interest cost $ 553 $ 693 $ 808 Expected return on assets (1,301 ) (1,150 ) (1,012 ) Amortization of transition asset – – – Amortization of net loss 896 839 376 Net periodic benefit cost 148 382 172 Settlement (gain)/loss (865 ) – – Total $ (717 ) $ 382 $ 172 Benefit Obligation Recognized in Other Comprehensive Loss (Income) Net loss (gain) $ (9,503 ) $ 205 $ 1,197 Prior service cost (credit) – – – Amortization of prior service cost – – – Net amount recognized in other comprehensive loss (income) $ (9,503 ) $ 205 $ 1,197
Schedule of weighted average asset allocation of our pension benefits	Schedule of weighted average asset allocation of our pension benefits December 31, 2021 2020 Weighted Average Asset Allocation at Year-End Asset Category Equity securities 78 % 82 % Debt securities 22 % 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) 2022 $ 904 2023 934 2024 957 2025 989 2026 1,034 Years 2027 - 2031 5,605 Anticipated Contributions in 2022 $ –
Schedule of fair value of plan assets	Schedule of fair value of plan assets December 31, 2021 Level 1 (1) Level 2 (2) Level 3 (3) Total Investment Name: (in thousands) Company Common Stock $ 10,472 $ – $ – $ 10,472 Large Cap Value – 2,933 – 2,933 Mid Cap Index – 836 – 836 Small Cap Growth – 714 – 714 Small Cap Value – 868 – 868 Large Cap Blend – 859 – 859 Growth – 2,915 – 2,915 International Growth – 3,036 – 3,036 Core Bond – 2,316 – 2,316 High Yield – 473 – 473 Inflation Protected Bond – 641 – 641 Money Market – 35 – 35 Total $ 10,472 $ 15,626 $ – $ 26,098 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

(12) Fair Value Measurements (T

(12) Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 (In thousands) Balance at beginning of period $ 1,523,726 $ 1,444,038 Finance receivables at fair value acquired during period 1,107,537 739,734 Payments received on finance receivables at fair value (743,728 ) (496,747 ) Net interest income accretion on fair value receivables (134,020 ) (133,771 ) Mark to fair value (4,417 ) (29,528 ) Balance at end of period $ 1,749,098 $ 1,523,726
Schedule of finance receivables to their contractual balances	Schedule of finance receivables to their contractual balances December 31, 2021 December 31, 2020 Contractual Fair Contractual Fair Balance Value Balance Value (In thousands) Finance receivables measured at fair value $ 1,972,699 $ 1,749,098 $ 1,668,076 $ 1,523,726
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, 2021 2020 Unobservable Inputs 2021 2020 (In thousands) Assets: Finance receivables measured at fair value $ 1,749,098 $ 1,523,726 Discount rate 10.6 11.3 10.4 11.1 Cumulative net losses 10.0 18.4 15.3 18.4
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, 2021 2020 (In thousands) Delinquency Status Current $ 1,787,641 $ 1,505,486 31 - 60 days 115,924 96,296 61 - 90 days 38,999 36,436 91 + days 11,564 9,607 Repo 18,571 20,251 $ 1,972,699 $ 1,668,076
Schedule of estimated fair values of financial assets and liabilities	Schedule of estimated fair values of financial assets and liabilities As of December 31, 2021 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 29,928 $ 29,928 $ – $ – $ 29,928 Restricted cash and equivalents 146,620 146,620 – – 146,620 Finance receivables, net 176,184 – – 178,795 178,795 Accrued interest receivable 2,269 – – 2,269 2,269 Liabilities: Warehouse lines of credit $ 105,610 $ – $ – $ 105,610 $ 105,610 Accrued interest payable 3,568 – – 3,568 3,568 Securitization trust debt 1,759,972 – – 1,740,901 1,740,901 Subordinated renewable notes 26,459 – – 26,459 26,459 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

(1) Summary of Significant Ac_4

(1) Summary of Significant Accounting Policies (Details - Other income) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other income for the period	$ 5,962	$ 5,707	$ 8,704
Direct Mail Revenues [Member]
Other income for the period	3,391	3,312	4,659
Convenience Fee Revenue [Member]
Other income for the period	590	1,490	2,440
Recoveries on previously charged-off contracts [Member]
Other income for the period	115	111	158
Sales Tax Refunds [Member]
Other income for the period	580	748	1,239
Other Income [Member]
Other income for the period	$ 1,286	$ 46	$ 208

(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, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Numerator for basic and diluted earnings per share	$ 47,524	$ 21,677	$ 5,406
- weighted average number of common shares outstanding during the year	22,562	22,611	22,416
Incremental common shares attributable to exercise of outstanding options and warrants	3,218	1,392	1,648
Denominator for diluted earnings per share	25,780	24,003	24,064
Basic earnings per share	$ 2.11	$ 0.96	$ 0.24
Diluted earnings per share	$ 1.84	$ 0.90	$ 0.22

(1) Summary of Significant Ac_6

(1) Summary of Significant Accounting Policies (Details Narrative) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019shares
Product Information [Line Items]
Unrestricted cash	$ 29,928	$ 13,466
Portfolio value	29,500	4,400
Other assets	$ 34,775	$ 32,317
Incremental shares excluded from EPS calculation | shares	5,700	13,600	11,300
Provision for credit losses	$ 14,600	$ 14,100
Receivables at fair value	29,500
Repossessed Vehicles [Member]
Product Information [Line Items]
Other assets	2,500	$ 3,800
Unrestricted Cash [Member]
Product Information [Line Items]
Unrestricted cash	$ 29,900
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	10.90%	13.50%
Dealer concentration [Member] | Geographic Concentration Risk [Member] | OHIO
Product Information [Line Items]
Concentration percentage	9.30%	11.10%
Dealer concentration [Member] | Geographic Concentration Risk [Member] | TEXAS
Product Information [Line Items]
Concentration percentage	6.10%	5.10%
Dealer concentration [Member] | Geographic Concentration Risk [Member] | NORTH CAROLINA
Product Information [Line Items]
Concentration percentage	5.00%	4.60%
Dealer concentration [Member] | Geographic Concentration Risk [Member] | INDIANA
Product Information [Line Items]
Concentration percentage	5.00%	5.40%
Dealer concentration [Member] | Geographic Concentration Risk [Member] | PANAMA
Product Information [Line Items]
Concentration percentage	4.60%	3.40%

(2) Restricted Cash (Details Na

(2) Restricted Cash (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 146,600	$ 130,700
Securitization Transactions [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 49,000	$ 52,200

(3) Finance Receivables (Detail

(3) Finance Receivables (Details - Components of Finance Receivables) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finance receivables
Automobile finance receivables, net of unearned interest	$ 232,390	$ 491,307
Unearned acquisition fees, discounts and deferred origination costs, net	0	826
Finance receivables	$ 232,390	$ 492,133

(3) Finance Receivables (Deta_2

(3) Finance Receivables (Details - Delinquency status) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	$ 232,390	$ 491,307
Financial Asset, 1 to 29 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	186,625	406,693
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	30,980	56,572
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	12,070	22,660
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	$ 2,715	$ 5,382

(3) Finance Receivables (Deta_3

(3) Finance Receivables (Details - Amortized Cost Basis) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finance Receivables
2012 and prior	$ 131	$ 608
2013	1,091	4,483
2014	6,881	23,115
2015	29,695	78,457
2016	76,728	163,677
2017	117,864	220,967
Total amortized cost basis	$ 232,390	$ 491,307

(3) Finance Receivables (Deta_4

(3) Finance Receivables (Details - Summary of activity) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finance Receivables
Balance at beginning of year	$ 80,790	$ 11,640	$ 67,376
Impact of adopting ASC 326		127,000
Provision for credit losses on finance receivables	(14,590)	14,113	85,773
Charge-offs	(30,940)	(90,824)	(184,449)
Recoveries	20,946	18,861	42,940
Balance at end of year	$ 56,206	$ 80,790	$ 11,640

(3) Finance Receivables (Deta_5

(3) Finance Receivables (Details - Repossessed inventory) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finance Receivables
Gross balance of repossessions in inventory	$ 4,341
Gross balance of repossessions in inventory		$ 15,589
Allowance for losses on repossessed inventory	(1,871)	(11,790)
Net repossessed inventory included in other assets	$ 2,470	$ 3,799

(3) Finance Receivables (Deta_6

(3) Finance Receivables (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finance Receivables
Finance receivables, non accrual status	$ 2,700	$ 5,400
Allowance for finance credit losses	127,000
Credit losses on finance receivables	$ 14,600	$ 14,100

(4) Furniture and Equipment (De

(4) Furniture and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	$ 8,659	$ 7,827
Less: accumulated depreciation and amortization	(7,530)	(6,999)
Furniture and equipment, net	1,129	828
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	1,936	1,648
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	5,216	4,672
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 ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 1,675,000	$ 1,784,000	$ 1,076,000
Equipment disposals	$ 21,000

(5) Securitization Trust Debt_2

(5) Securitization Trust Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Receivables Pledged at end of period	$ 1,954,617
Initial Principal	6,271,209
Outstanding Principal	1,771,953	$ 1,814,320
Securitization Trust Debt [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Securitization trust debt, expected payment 2022	687,900
Securitization trust debt, expected payment 2023	621,200
Securitization trust debt, expected payment 2024	150,600
Securitization trust debt, expected payment 2025	167,000
Securitization trust debt, expected payment 2026	92,100
Securitization trust debt, expected payment 2027	$ 41,200
CPS 2015-B [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	September 2022
Receivables Pledged at end of period	$ 0
Initial Principal	250,000
Outstanding Principal	$ 0	17,984
Weighted Average Contractual Interest Rate	0.00%
CPS 2015-C [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	December 2022
Receivables Pledged at end of period	$ 0
Initial Principal	300,000
Outstanding Principal	$ 0	28,529
Weighted Average Contractual Interest Rate	0.00%
CPS 2016-A [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	March 2023
Receivables Pledged at end of period	$ 0
Initial Principal	329,460
Outstanding Principal	$ 0	37,158
Weighted Average Contractual Interest Rate	0.00%
CPS 2016-B [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	June 2023
Receivables Pledged at end of period	$ 0
Initial Principal	332,690
Outstanding Principal	$ 0	46,079
Weighted Average Contractual Interest Rate	0.00%
CPS 2016-C [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	September 2023
Receivables Pledged at end of period	$ 0
Initial Principal	318,500
Outstanding Principal	$ 0	47,325
Weighted Average Contractual Interest Rate	0.00%
CPS 2016-D [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	April 2024
Receivables Pledged at end of period	$ 0
Initial Principal	206,325
Outstanding Principal	$ 0	36,455
Weighted Average Contractual Interest Rate	0.00%
CPS 2017-A [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	April 2024
Receivables Pledged at end of period	$ 21,381
Initial Principal	206,320
Outstanding Principal	$ 17,644	40,619
Weighted Average Contractual Interest Rate	7.07%
CPS 2017-B [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	December 2023
Receivables Pledged at end of period	$ 27,922
Initial Principal	225,170
Outstanding Principal	$ 12,491	39,016
Weighted Average Contractual Interest Rate	5.75%
CPS 2017-C [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	September 2024
Receivables Pledged at end of period	$ 30,061
Initial Principal	224,825
Outstanding Principal	$ 25,846	47,553
Weighted Average Contractual Interest Rate	5.68%
CPS 2017-D [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	June 2024
Receivables Pledged at end of period	$ 30,994
Initial Principal	196,300
Outstanding Principal	$ 26,744	49,297
Weighted Average Contractual Interest Rate	4.95%
CPS 2018-A [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	March 2025
Receivables Pledged at end of period	$ 34,363
Initial Principal	190,000
Outstanding Principal	$ 29,518	53,549
Weighted Average Contractual Interest Rate	4.68%
CPS 2018-B [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	December 2024
Receivables Pledged at end of period	$ 42,054
Initial Principal	201,823
Outstanding Principal	$ 36,092	66,955
Weighted Average Contractual Interest Rate	5.10%
CPS 2018-C [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	September 2025
Receivables Pledged at end of period	$ 47,708
Initial Principal	230,275
Outstanding Principal	$ 42,765	77,345
Weighted Average Contractual Interest Rate	5.27%
CPS 2018-D [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	June 2025
Receivables Pledged at end of period	$ 58,204
Initial Principal	233,730
Outstanding Principal	$ 49,634	88,228
Weighted Average Contractual Interest Rate	5.12%
CPS 2019-A [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	March 2026
Receivables Pledged at end of period	$ 72,750
Initial Principal	254,400
Outstanding Principal	$ 62,667	114,373
Weighted Average Contractual Interest Rate	4.90%
CPS 2019-B [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	June 2026
Receivables Pledged at end of period	$ 72,683
Initial Principal	228,275
Outstanding Principal	$ 61,730	118,982
Weighted Average Contractual Interest Rate	4.61%
CPS 2019-C [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	September 2026
Receivables Pledged at end of period	$ 85,381
Initial Principal	243,513
Outstanding Principal	$ 75,065	142,080
Weighted Average Contractual Interest Rate	3.76%
CPS 2019-D [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	December 2026
Receivables Pledged at end of period	$ 109,469
Initial Principal	274,313
Outstanding Principal	$ 98,625	181,485
Weighted Average Contractual Interest Rate	3.20%
CPS 2020-A [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	March 2027
Receivables Pledged at end of period	$ 104,000
Initial Principal	260,000
Outstanding Principal	$ 99,485	184,944
Weighted Average Contractual Interest Rate	3.32%
CPS 2020-B [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	June 2027
Receivables Pledged at end of period	$ 110,962
Initial Principal	202,343
Outstanding Principal	$ 87,048	164,403
Weighted Average Contractual Interest Rate	4.58%
CPS 2020-C [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	November 2027
Receivables Pledged at end of period	$ 150,173
Initial Principal	252,200
Outstanding Principal	$ 138,899	231,961
Weighted Average Contractual Interest Rate	2.35%
CPS 2021-A [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	March 2028
Receivables Pledged at end of period	$ 162,217
Initial Principal	230,545
Outstanding Principal	$ 147,516	0
Weighted Average Contractual Interest Rate	0.97%
CPS 2021-B
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	June 2028
Receivables Pledged at end of period	$ 189,319
Initial Principal	240,000
Outstanding Principal	$ 179,856	0
Weighted Average Contractual Interest Rate	1.24%
C P S 2021 C [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	September 2028
Receivables Pledged at end of period	$ 264,525
Initial Principal	291,000
Outstanding Principal	$ 250,003	0
Weighted Average Contractual Interest Rate	1.11%
C P S 2021 D [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	December 2028
Receivables Pledged at end of period	$ 340,451
Initial Principal	349,202
Outstanding Principal	$ 330,325	$ 0
Weighted Average Contractual Interest Rate	1.39%

(5) Securitization Trust Debt_3

(5) Securitization Trust Debt (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Securitization Trust Debt
Debt issuance costs	$ 12,000	$ 10,600
Restricted cash under various agreements	$ 146,600	$ 130,700

(6) Debt (Details - Debt outsta

(6) Debt (Details - Debt outstanding) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Warehouse lines of credit	$ 105,610	$ 118,999
Residual interest financing	53,682	25,426
Subordinated renewable notes	26,459	21,323
Total debt outstanding	$ 186,780	$ 167,411
Subordinated renewable notes [Member]
Line of Credit Facility [Line Items]
Interest rate	8.93%	10.09%
Maturity date description	January 2024	January 2023
Subordinated renewable notes	$ 26,459	$ 21,323
Warehouse lines of credit [Member]
Line of Credit Facility [Line Items]
Interest rate	5.50% over one month Libor (Minimum 6.50%)
Warehouse lines of credit	$ 0	42,558
Warehouse lines of credit 2 [Member]
Line of Credit Facility [Line Items]
Interest rate	3.00% over one month Libor (Minimum 3.75%)
Warehouse lines of credit	$ 70,590	45,689
Maturity date description	December 2022
Warehouse lines of credit 3 [Member]
Line of Credit Facility [Line Items]
Interest rate	3.50% over a commercial paper rate (Minimum 4.50%)
Warehouse lines of credit	$ 35,420	32,265
Maturity date description	January 2024
Residual interest financing [Member]
Line of Credit Facility [Line Items]
Maturity date description	January 2026
Interest rate	8.60%
Residual interest financing	$ 4,311	25,576
Residual interest financing [Member]
Line of Credit Facility [Line Items]
Maturity date description	June 2026
Interest rate	7.86%
Residual interest financing	$ 50,000	$ 0

(6) Debt (Details - Debt maturi

(6) Debt (Details - Debt maturity schedule) - Subordinated renewable notes [Member] $ in Thousands	Dec. 31, 2021USD ($)
Debt Instrument [Line Items]
2022	$ 12,002
2023	5,235
2024	1,981
2025	2,436
2026	3,236
Thereafter	1,569
Total	$ 26,459

(6) Debt (Details Narrative)

(6) Debt (Details Narrative) - USD ($)	Jun. 30, 2021	May 16, 2018	Dec. 31, 2021	May 16, 2021	Dec. 31, 2020	Nov. 24, 2015	Apr. 17, 2015	May 11, 2012
Line of Credit Facility [Line Items]
Debt issuance costs			$ 400,000		$ 1,500,000
Warehouse lines of credit amount outstanding			105,610,000		118,999,000
2018-1 Notes [Member]
Line of Credit Facility [Line Items]
Proceeds from residual interest financings		$ 40,000,000
Asset-backed notes issued				$ 40,000,000
2021-1 Notes [Member]
Line of Credit Facility [Line Items]
Proceeds from residual interest financings	$ 50,000,000
Asset-backed notes issued	$ 50,000,000
PurchasesOfFinanceReceivablesHeldForInvestment
Line of Credit Facility [Line Items]
Unamortized debt issuance costs			629,000		150,000
Line of Credit [Member]
Line of Credit Facility [Line Items]
Warehouse lines of credit amount outstanding			106,000,000		$ 120,500,000
Warehouse Credit Facility [Member] | Citibank [Member]
Line of Credit Facility [Line Items]
Credit line maximum								$ 100,000,000
Long-term Line of Credit			70,600,000
Warehouse Credit Facility [Member] | Fortress Investment Group [Member]
Line of Credit Facility [Line Items]
Credit line maximum							$ 100,000,000
Warehouse Credit Facility [Member] | Credit Suisse AG and Ares Agent Services [Member]
Line of Credit Facility [Line Items]
Credit line maximum						$ 100,000,000
Long-term Line of Credit			$ 35,400,000

(7) Shareholders' Equity (Detai

(7) Shareholders' Equity (Details - Stock purchases) - Common Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Total stock purchases, shares	3,884,876	351,926
Total stock purchases, average price per share	$ 6.61	$ 3.97
Open Market Purchases [Member]
Class of Stock [Line Items]
Total stock purchases, shares	1,639,138	105,017
Total stock purchases, average price per share	$ 6.98	$ 3.60
Shares Redeemed [Member]
Class of Stock [Line Items]
Total stock purchases, shares	245,743	46,909
Total stock purchases, average price per share	$ 6.95	$ 2.86
Other Share Repurchases [Member]
Class of Stock [Line Items]
Total stock purchases, shares	1,999,995	200,000
Total stock purchases, average price per share	$ 6.26	$ 3.51

(7) Shareholders' Equity (Det_2

(7) Shareholders' Equity (Details - Assumptions)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Expected life (years)	4 years	4 years 3 days	4 years 7 days
Risk-free interest rate	0.49%	0.25%	1.53%
Volatility	72.00%	73.00%	37.00%
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, 2021	Dec. 31, 2020
Equity [Abstract]
Number of shares options outstanding at the beginning of period	15,977
Weighted average exercise options outstanding at the beginning of period	$ 4.46
Number of shares Granted	1,460
Weighted average exercise granted	$ 4.95
Number of shares Exercised	(2,291)
Weighted average exercise exercised	$ 2.64
Number of shares Forfeited/Expired	(2,071)
Weighted average exercise Forfeited/Expired	$ 6.31
Number of shares options outstanding at the end of period	13,075
Weighted average exercise options outstanding at the end of period	$ 4.54
Weighted average remaining contractual term, end of period	2 years 10 months 6 days
Number of shares options exercisable at the end of period	9,685	12,597
Weighted average exercise options exercisable at the end of period	$ 4.80
Weighted average remaining contractual term, exercisable at the end of period	1 year 10 months 20 days

(7) Shareholders' Equity (Det_4

(7) Shareholders' Equity (Details - Options outstanding and exercisable) - shares shares in Thousands	Dec. 31, 2021	Dec. 31, 2020
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	13,075	15,977
Number of shares, exercisable	9,685	12,597
$0.95 - $1.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	577	1,904
Number of shares, exercisable	577	1,904
$2.00 - $2.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,517	1,570
Number of shares, exercisable	489	180
$3.00 - $3.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	4,285	4,973
Number of shares, exercisable	3,382	3,306
$4.00 - $4.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	2,870	1,540
Number of shares, exercisable	1,410	1,217
$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	2,651	4,770
Number of shares, exercisable	2,652	4,770
$7.00 - $7.99 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,175	1,220
Number of shares, exercisable	1,175	1,220

(7) Shareholders_ Equity (Detai

(7) Shareholders’ Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 2.65	$ 1.33	$ 1.11
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	79.00%	72.00%	37.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	71.00%	80.00%	39.00%
Stock-based compensation expense	$ 2,000	$ 1,900	$ 2,100
Unrecognized stock-based compensation costs	$ 4,900
Weighted-average period for unrecognized costs	2 years 3 months 18 days
Intrinsic value options outstanding	$ 13,100	11,900
Intrinsic value of options exercisable	9,700	8,200
Intrinsic value of options exercised	9,000	$ 1,000
Proceeds from options exercised	$ 6,000
Authorizations prior to December 31, 2015 [Member]
Class of Stock [Line Items]
Options authorized under plan	22,200,000
Shares available for grant	3,881,000
Common Stock [Member]
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount	$ 13,680
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 7,200
Common Stock [Member]
Class of Stock [Line Items]
Stock Repurchased During Period, Shares	3,884,876	351,926
Treasury Stock Acquired, Average Cost Per Share	$ 6.61	$ 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, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest on finance receivables	$ 69,783	$ 126,043	$ 211,138
Interest on finance receivables at fair value	196,461	168,266	123,059
Mark to finance receivables measured at fair value	(4,417)	(29,528)	0
Other interest income	22	673	2,899
Interest income	$ 261,849	$ 265,454	$ 337,096

(8) Interest Income and Inter_4

(8) Interest Income and Interest Expense (Details - Interest expense) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total interest expense	$ 75,239	$ 101,338	$ 110,528
Securitization Trust Debt [Member]
Debt Instrument [Line Items]
Total interest expense	64,387	88,031	96,870
Warehouse Lines Of Credit [Member]
Debt Instrument [Line Items]
Total interest expense	4,448	7,678	8,402
Residual interest financing [Member]
Debt Instrument [Line Items]
Total interest expense	3,763	3,454	3,822
Subordinated renewable notes [Member]
Debt Instrument [Line Items]
Total interest expense	$ 2,641	$ 2,175	$ 1,434

(9) Income Taxes (Details - Inc

(9) Income Taxes (Details - Income tax expense) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Current federal tax expense	$ 8,992	$ (23,576)	$ (574)
Current state tax expense	2,845	472	105
Deferred federal tax expense	3,012	18,937	2,759
Deferred state tax expense	3,373	2,610	1,466
Income tax expense	$ 18,222	$ (1,557)	$ 3,756

(9) Income Taxes (Details - Tax

(9) Income Taxes (Details - Tax rate effect) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Expense at federal tax rate	$ 13,807	$ 4,225	$ 1,924
State taxes, net of federal income tax effect	3,974	1,505	1,027
Stock-based compensation	(947)	35	169
Non-deductible expenses	1,129	974	856
Net operating loss carryback	(1,694)	(9,435)	0
Effect of change in tax rate	0	0	0
Accounting method change	0	0	0
Other	1,953	1,139	(220)
Income tax expense	$ 18,222	$ (1,557)	$ 3,756

(9) Income Taxes (Details - Def

(9) Income Taxes (Details - Deferred taxes) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets:
Finance receivables	$ 10,644	$ 10,930
Accrued liabilities	1,694	541
NOL carryforwards	2,070	7,470
Built in losses	2,679	3,312
Pension accrual	0	1,745
Stock compensation	3,584	4,463
Lease liability	2,737	3,843
Other	0	46
Total deferred tax assets	23,408	32,350
Deferred Tax Liabilities:
Finance receivables	0	0
Deferred loan costs	0	(205)
Pension accrual	(1,026)	0
Lease right-of-use assets	(2,487)	(3,517)
Furniture and equipment and other	(320)	(116)
Total deferred tax liabilities	(3,833)	(3,838)
Net deferred tax asset	$ 19,575	$ 28,512

(9) Income Taxes (Details Narra

(9) Income Taxes (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
IncomeTaxLineItems [Line Items]
Effective tax rate	35.00%
Current tax benefits	$ 680	$ 8,800
Net deferred tax asset	19,600
Federal [Member]
IncomeTaxLineItems [Line Items]
Net deferred tax asset	12,200
State [Member]
IncomeTaxLineItems [Line Items]
Net deferred tax asset	7,400
Net operating loss carryforward	$ 42,400

(10) Commitments and Continge_3

(10) Commitments and Contingencies (Details - Supplemental balance sheet information related to leases) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Leases
Operating lease right-of-use assets	$ 25,819	$ 23,735
Less: Accumulated amortization right-of-use assets	$ (17,624)	$ (12,792)
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	us-gaap:OtherLiabilities	us-gaap:OtherLiabilities
Finance Leases
Property and equipment, at cost	$ 3,407	$ 3,407
Less: Accumulated depreciation	$ (2,348)	$ (1,226)
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	us-gaap:OtherLiabilities	us-gaap:OtherLiabilities
Operating lease	5.00%	5.00%
Finance lease	6.50%	6.50%
Other Assets [Member]
Operating Leases
Operating lease right-of-use assets, net	$ 8,195	$ 10,943
Finance Leases
Property and equipment, net	1,059	2,181
Accounts Payable [Member]
Operating Leases
Operating lease liabilities	(9,058)	(12,096)
Finance Leases
Finance lease liabilities	$ (1,124)	$ (2,243)

(10) Commitments and Continge_4

(10) Commitments and Contingencies (Details - Maturities of lease liabilities) $ in Thousands	Dec. 31, 2021USD ($)
Finance Lease [Member]
Finance lease maturing 2022	$ 1,050
Finance lease maturing 2023	84
Finance lease maturing 2024	26
Finance lease maturing 2025	9
Finance lease maturing 2026	0
Finance lease maturing thereafter	0
Total undiscounted finance lease payments	1,169
Less amounts representing interest	(45)
Finance Lease Liability	1,124
Operating Lease [Member]
Operating lease maturing 2022	6,434
Operating lease maturing 2023	1,888
Operating lease maturing 2024	920
Operating lease maturing 2025	795
Operating lease maturing 2026	501
Operating lease maturing thereafter	1,160
Total undiscounted operating lease payments	11,698
Less amounts representing interest	(2,640)
Operating Lease Liability	$ 9,058

(10) Commitments and Continge_5

(10) Commitments and Contingencies (Details - Lease cost) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 7,184	$ 7,523	$ 7,521
Finance lease cost	1,229	1,179	160
Total lease cost	$ 8,413	$ 8,702	$ 7,681

(10) Commitments and Continge_6

(10) Commitments and Contingencies (Details - Lease - Cash flow) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 7,474	$ 7,762	$ 7,584
Operating cash flows from finance leases	1,118	1,007	133
Financing cash flows from finance leases	$ 111	$ 172	$ 27

(10) Commitments and Continge_7

(10) Commitments and Contingencies (Details Narrative) $ in Thousands	Dec. 31, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
Probably losses for legal contingencies	$ 3,400
Maximum possible losses for legal proceedings and contingencies	$ 11,300

(11) Employee Benefits (Details

(11) Employee Benefits (Details - Reconciliation) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Projected benefit obligation, beginning of year	$ 24,678	$ 22,997
Interest cost	553	693	$ 808
Assumption changes	(1,074)	2,418
Actuarial (gain) loss	(222)	(89)
Settlements	(865)	0
Benefits paid	(790)	(1,341)
Projected benefit obligation, end of year	22,280	24,678	22,997
Fair value of plan assets, beginning of year	18,165	15,910
Return on assets	8,703	2,775
Employer contribution	1,124	1,161
Expenses	(239)	(340)
Settlements	(865)	0
Settlements	865	0
Benefits paid	(790)	(1,341)
Fair value of plan assets, end of year	26,098	18,165	$ 15,910
Funded Status at end of year	$ 3,818	$ (6,513)

(11) Employee Benefits (Detai_2

(11) Employee Benefits (Details - Weighted average assumptions)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Discount rate	2.65%	2.28%
Discount rate	2.28%	3.07%
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Amounts recognized on Consolidated Balance Sheet
Other assets	$ 3,818	$ 0	$ 0
Other liabilities		(6,513)	(7,087)
Net amount recognized	3,818	(6,513)	(7,087)
Amounts recognized in accumulated other comprehensive loss consists of:
Net loss	3,794	13,297	13,092
Unrecognized transition asset	0	0	0
Net amount recognized	3,794	13,297	13,092
Components of net periodic benefit cost
Interest cost	553	693	808
Expected return on assets	(1,301)	(1,150)	(1,012)
Amortization of transition asset	0	0	0
Amortization of net loss	896	839	376
Net periodic benefit cost	148	382	172
Settlement (gain)/loss	(865)	0	0
Total	(717)	382	172
Benefit Obligation Recognized in Other Comprehensive Loss (Income)
Net loss (gain)	(9,503)	205	1,197
Prior service cost (credit)	0	0	0
Amortization of prior service cost	0	0	0
Net amount recognized in other comprehensive loss (income)	$ (9,503)	$ 205	$ 1,197

(11) Employee Benefits (Detai_4

(11) Employee Benefits (Details - Asset allocation)	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Weighted Average Asset Allocation at Year-End	100.00%	100.00%
Cash and Cash Equivalents [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Weighted Average Asset Allocation at Year-End	0.00%	0.00%
Equity Securities [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Weighted Average Asset Allocation at Year-End	78.00%	82.00%
Debt Securities [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Weighted Average Asset Allocation at Year-End	22.00%	18.00%

(11) Employee Benefits (Detai_5

(11) Employee Benefits (Details - Estimated future benefit payments) $ in Thousands	Dec. 31, 2021USD ($)
Estimated Future Benefit Payments (In thousands)
2022	$ 904
2023	934
2024	957
2025	989
2026	1,034
Years 2027 - 2031	5,605
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 0

(11) Employee Benefits (Detai_6

(11) Employee Benefits (Details - Fair value of plan assets) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 26,098	$ 18,165	$ 15,910
Company Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	10,472	3,811
Large Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,933	2,523
Mid Cap Index [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	836	757
Small Cap Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	714	765
Small Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	868	785
Large Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	859	691
Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,915	2,342
International Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,036	3,003
Core Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,316	1,809
High Yield [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	473	381
Inflation Protected Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	641	485
Money Market [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	35	813
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	10,472	3,811
Fair Value, Inputs, Level 1 [Member] | Company Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	10,472	3,811
Fair Value, Inputs, Level 1 [Member] | Large Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Mid Cap Index [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Small Cap Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Small Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Large Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | International Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Core Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | High Yield [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Inflation Protected Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Money Market [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	15,626	14,354
Fair Value, Inputs, Level 2 [Member] | Company Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Large Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,933	2,523
Fair Value, Inputs, Level 2 [Member] | Mid Cap Index [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	836	757
Fair Value, Inputs, Level 2 [Member] | Small Cap Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	714	765
Fair Value, Inputs, Level 2 [Member] | Small Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	868	785
Fair Value, Inputs, Level 2 [Member] | Large Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	859	691
Fair Value, Inputs, Level 2 [Member] | Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,915	2,342
Fair Value, Inputs, Level 2 [Member] | International Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,036	3,003
Fair Value, Inputs, Level 2 [Member] | Core Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,316	1,809
Fair Value, Inputs, Level 2 [Member] | High Yield [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	473	381
Fair Value, Inputs, Level 2 [Member] | Inflation Protected Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	641	485
Fair Value, Inputs, Level 2 [Member] | Money Market [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	35	813
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Company Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Large Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Mid Cap Index [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Small Cap Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Small Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Large Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | International Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Core Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | High Yield [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Inflation Protected Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Money Market [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0

(11) Employee Benefits (Detai_7

(11) Employee Benefits (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Employees contributions	$ 2,000
401(k) plan contributions	$ 1,300,000	$ 1,400,000	$ 1,600,000
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	7.25%	7.25%
Estimated net loss amortized into net periodic benefit cost	$ 1,200,000

(12) Fair Value Measurements (D

(12) Fair Value Measurements (Details - Reconciliation of Finance Receivables) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Balance at beginning of period	$ 1,523,726	$ 1,444,038
Finance receivables at fair value acquired during period	1,107,537	739,734	$ 1,004,194
Payments received on finance receivables at fair value	(743,728)	(496,747)
Net interest income accretion on fair value receivables	(134,020)	(133,771)	(90,383)
Mark to fair value	(4,417)	(29,528)
Balance at end of period	$ 1,749,098	$ 1,523,726	$ 1,444,038

(12) Fair Value Measurements _2

(12) Fair Value Measurements (Details - Finance Receivables to Their Contractual Balances) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance receivables measured at fair value	$ 1,749,098	$ 1,523,726	$ 1,444,038
Portion at Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance receivables measured at fair value	1,749,098	1,523,726
Contractual Balance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance receivables measured at fair value	$ 1,972,699	$ 1,668,076

(12) Fair Value Measurements _3

(12) Fair Value Measurements (Details - Level 3 Fair Value Measurements) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Finance receivables measured at fair value	$ 1,749,098	$ 1,523,726	$ 1,444,038
Portion at Fair Value Measurement [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Finance receivables measured at fair value	1,749,098	1,523,726
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	$ 1,749,098	$ 1,523,726
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	10.60%	10.40%
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	11.30%	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	10.00%	15.30%
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%	18.40%

(12) Fair Value Measurements _4

(12) Fair Value Measurements (Details - Delinquency status) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Finance receivables measured at fair value current	$ 1,787,641	$ 1,505,486
Finance receivables measured at fair value	1,972,699	1,668,076
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables measured at fair value	115,924	96,296
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables measured at fair value	38,999	36,436
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables measured at fair value	11,564	9,607
Repossessed Vehicles [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables measured at fair value	$ 18,571	$ 20,251

(12) Fair Value Measurements _5

(12) Fair Value Measurements (Details - Fair values) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	$ 29,928	$ 13,466
Restricted cash and equivalents	146,620	130,686
Finance receivables, net	178,795	429,972
Accrued interest receivable	2,269	5,017
Warehouse lines of credit	105,610	118,999
Accrued interest payable	3,568	4,919
Securitization trust debt	1,740,901	1,862,630
Subordinated renewable notes	26,459	21,323
Carrying Value [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	29,928	13,466
Restricted cash and equivalents	146,620	130,686
Finance receivables, net	176,184	411,343
Accrued interest receivable	2,269	5,017
Warehouse lines of credit	105,610	118,999
Accrued interest payable	3,568	4,919
Securitization trust debt	1,759,972	1,803,673
Subordinated renewable notes	26,459	21,323
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	29,928	13,466
Restricted cash and equivalents	146,620	130,686
Finance receivables, net	0	0
Accrued interest receivable	0	0
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]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	0	0
Restricted cash and equivalents	0	0
Finance receivables, net	0	0
Accrued interest receivable	0	0
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]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	0	0
Restricted cash and equivalents	0	0
Finance receivables, net	178,795	429,972
Accrued interest receivable	2,269	5,017
Warehouse lines of credit	105,610	118,999
Accrued interest payable	3,568	4,919
Securitization trust debt	1,740,901	1,862,630
Subordinated renewable notes	$ 26,459	$ 21,323

(12) Fair Value Measurements _6

(12) Fair Value Measurements (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Inventory [Line Items]
Gross balance of repossessions in inventory	$ 4,341
Allowance for losses on repossessed inventory	$ 1,900
Recovery rate	57.00%
Fair value and carrying amount of repossessed vehicles	$ 2,400
Net repossessed inventory included in other assets	2,470	$ 3,799
Fair valuation adjustment of repossessed inventory		11,800
Inventories [Member]
Inventory [Line Items]
Net repossessed inventory included in other assets		$ 3,800
Vehicles [Member]
Inventory [Line Items]
Gross balance of repossessions in inventory	$ 4,300