Consumer Portfolio Services (CPSS) 10-K 15 Mar 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Mar. 01, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type		10-K
Amendment Flag		false
Document Annual Report		true
Document Transition Report		false
Document Period End Date		Dec. 31, 2023
Document Fiscal Period Focus		FY
Document Fiscal Year Focus		2023
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				$ 86,687,748
Entity Common Stock, Shares Outstanding			21,129,918
ICFR Auditor Attestation Flag		true
Document Financial Statement Error Correction [Flag]		false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Auditor Firm ID		173
Auditor Name		Crowe LLP
Auditor Location		Dallas, Texas

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 6,174	$ 13,490
Restricted cash and equivalents	119,257	149,299
Finance receivables measured at fair value	2,722,662	2,476,617
Finance receivables	27,553	92,304
Less: Allowance for finance credit losses	(2,869)	(21,753)
Finance receivables, net	24,684	70,551
Furniture and equipment, net	1,372	1,660
Deferred tax assets, net	3,736	10,177
Other assets	25,861	30,974
Total Assets	2,903,746	2,752,768
Liabilities
Accounts payable and accrued expenses	62,544	55,421
Warehouse lines of credit	234,025	285,328
Residual interest financing	49,875	49,623
Securitization trust debt	2,265,446	2,108,744
Subordinated renewable notes	17,188	25,263
Total Liabilities	2,629,078	2,524,379
COMMITMENTS AND CONTINGENCIES
Shareholders' Equity
Common stock, no par value; authorized 75,000,000 shares; 21,174,856 and 20,131,323 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	28,678	28,906
Retained earnings	247,857	202,514
Accumulated other comprehensive loss	(1,867)	(3,031)
Total stockholders' equity	274,668	228,389
Total liabilities and stockholders' equity	2,903,746	2,752,768
Preferred Stock [Member]
Shareholders' Equity
Preferred stock, value	0	0
Series A Preferred Stock [Member]
Shareholders' Equity
Preferred stock, value	0	0
Series B Preferred Stock [Member]
Shareholders' Equity
Preferred stock, value	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	4,998,130	4,998,130
Preferred stock, shares issued	0	0
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	21,174,856	20,131,323
Common stock, shares outstanding	21,174,856	20,131,323
Series A Preferred Stock [Member]
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Series B Preferred Stock [Member]
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	1,870	1,870
Preferred stock, shares issued	0	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Interest income	$ 329,219	$ 305,237	$ 266,266
Mark to finance receivables measured at fair value	12,000	15,283	(4,417)
Other income	10,795	9,189	5,962
Total revenues	352,014	329,709	267,811
Expenses:
Employee costs	88,148	84,282	80,534
General and administrative	50,001	37,618	34,616
Interest	146,631	87,524	75,239
Provision for credit losses	(22,300)	(28,100)	(14,590)
Sales	21,216	23,039	16,876
Occupancy	6,374	7,535	7,715
Depreciation and amortization	847	1,618	1,675
Total operating expenses	290,917	213,516	202,065
Income before income tax expense (benefit)	61,097	116,193	65,746
Income tax expense (benefit)	15,754	30,210	18,222
Net income	$ 45,343	$ 85,983	$ 47,524
Earnings per share:
Basic	$ 2.17	$ 4.10	$ 2.11
Diluted	$ 1.80	$ 3.23	$ 1.84
Number of shares used in computing earnings per share:
Basic	20,896	20,958	22,562
Diluted	25,218	26,589	25,780

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net income	$ 45,343	$ 85,983	$ 47,524
Other comprehensive income (loss); change in funded status of pension plan, net of $422, $513 and $2,554 in tax for 2023, 2022 and 2021, respectively	1,164	(1,409)	6,949
Comprehensive income	$ 46,507	$ 84,574	$ 54,473

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Amount of tax expense (benefit) for (increase) decrease in value of benefit obligation	$ 422	$ 513	$ 2,554

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 72,926	$ 69,007	$ (8,571)	$ 133,362
Beginning balance, 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, shares	2,291
Repurchase of common stock	$ (25,676)			(25,676)
Repurchase of common stock, 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
Ending balance, shares at Dec. 31, 2021	21,144
Common stock issued upon exercise of options and warrants	$ 15,277			15,277
Common stock issued upon exercise of options and warrants, shares	3,127
Repurchase of common stock	$ (46,096)			(46,096)
Repurchase of common stock, shares	(4,140)
Other comprehensive income (loss)			(1,409)	(1,409)
Stock-based compensation	4,427			4,427
Net income		85,983		85,983
Ending balance, value at Dec. 31, 2022	$ 28,906	202,514	(3,031)	228,389
Ending balance, shares at Dec. 31, 2022	20,131
Common stock issued upon exercise of options and warrants	$ 16,581			16,581
Common stock issued upon exercise of options and warrants, shares	3,020
Repurchase of common stock	$ (20,273)			(20,273)
Repurchase of common stock, shares	(1,976)
Other comprehensive income (loss)			1,164	1,164
Stock-based compensation	3,464			3,464
Net income		45,343		45,343
Ending balance, value at Dec. 31, 2023	$ 28,678	$ 247,857	$ (1,867)	$ 274,668
Ending balance, shares at Dec. 31, 2023	21,175

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 45,343	$ 85,983	$ 47,524
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of deferred acquisition fees and origination costs	0	0	651
Net interest income accretion on fair value receivables	193,541	135,147	134,020
Depreciation and amortization	847	1,618	1,675
Amortization of deferred financing costs	9,690	8,207	7,114
Mark to fair value of finance receivables measured at fair value	(12,000)	(15,283)	4,417
Provision for credit losses	(22,300)	(28,100)	(14,590)
Stock-based compensation expense	3,464	4,427	2,000
Changes in assets and liabilities:
Other assets	4,667	4,171	(1,039)
Deferred tax assets, net	6,441	9,398	8,937
Accounts payable and accrued expenses	8,287	10,364	7,485
Net cash provided by operating activities	237,980	215,932	198,194
Cash flows from investing activities:
Payments received on finance receivables held for investment	68,167	133,733	249,098
Purchases of finance receivables measured at fair value	(1,251,020)	(1,673,166)	(1,107,537)
Payments on receivables portfolio at fair value	823,434	825,783	743,728
Change in repossessions held in inventory	446	1,899	1,329
Purchase of furniture and equipment	(559)	(2,149)	(1,976)
Net cash (used in) investing activities	(359,532)	(713,900)	(115,358)
Cash flows from financing activities:
Proceeds from issuance of securitization trust debt	1,235,534	1,411,018	1,110,747
Proceeds from issuance of subordinated renewable notes	0	4,004	7,988
Payments on subordinated renewable notes	(8,075)	(5,200)	(2,852)
Net advances (repayments) of warehouse lines of credit	(53,253)	181,868	(14,503)
Net advances (repayments) of residual interest financing debt	0	(4,311)	28,735
Repayment of securitization trust debt	(1,078,432)	(1,060,052)	(1,153,114)
Payment of financing costs	(7,888)	(12,299)	(7,813)
Purchase of common stock	(20,273)	(46,096)	(25,676)
Exercise of options and warrants	16,581	15,277	6,048
Net cash provided by (used in) financing activities	84,194	484,209	(50,440)
Increase (decrease) in cash and cash equivalents	(37,358)	(13,759)	32,396
Cash and cash equivalents at beginning of year	162,789	176,548	144,152
Cash and cash equivalents at end of year	125,431	162,789	176,548
Supplemental disclosure of cash flow information:
Interest	135,203	76,696	69,476
Income taxes	$ 3,552	$ 16,182	$ 14,253

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure [Table]
Net Income (Loss) Attributable to Parent	$ 45,343	$ 85,983	$ 47,524

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual [Table]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
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 Texas, Illinois, Ohio, California, Florida, and Pennsylvania represented 7.1 6.9 6.2 6.0 5.4 5.0 7.8 5.7 7.6 8.2 5.1 4.6 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 ( “ ” 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, 2023, our unrestricted cash balance was $ 6.2 million 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 twelve-month period ended December 31, 2023 include a $ 12 15.3 Anticipated credit losses are included in our estimation of cash to be received with respect to receivables. In accordance with the fair value accounting standards, credit losses are included in our computation of the appropriate level yield, therefore 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 $ 125,000 571,000 Treatment of Securitizations Our term securitization structure has generally been as follows: We sell contracts we acquire to a wholly-owned SPS, which has been established for the limited purpose of buying and reselling our contracts. The SPS then transfers the same contracts to another entity, typically a statutory trust ( “ ” “ ” “ ” “ ” “ ” “ ” Our warehouse securitization structures are similar to the above, except that (i) the SPS that purchases the contracts pledges the contracts to secure promissory notes or loans that it issues, and (ii) no increase in the required amount of Credit Enhancement is contemplated. Upon each sale of contracts in a securitization structured as a secured financing, we retain as assets on our Consolidated Balance Sheet the securitized contracts and record as indebtedness the Notes issued in the transaction. We have the power to direct the most significant activities of the SPS. In addition, we have the obligation to absorb losses and the rights to receive benefits from the SPS, both of which could be potentially significant to the SPS. These types of securitization structures are treated as secured financings, in which the receivables remain on our Consolidated Balance Sheet, and the debt issued by the SPS is shown as a securitization trust debt on our Consolidated Balance Sheet. We receive periodic base servicing fees for the servicing and collection of the contracts. In addition, we are entitled to the cash flows from the Trusts that represent collections on the contracts in excess of the amounts required to pay principal and interest on the Notes, the base servicing fees, and certain other fees (such as trustee and custodial fees). Required principal payments on the Notes are generally defined as the payments sufficient to keep the principal balance of the Notes equal to the aggregate principal balance of the related contracts (excluding those contracts that have been charged off), or a pre-determined percentage of such balance. Where that percentage is less than 100%, the related Securitization Agreements require accelerated payment of principal until the principal balance of the Notes is reduced to the specified percentage. Such accelerated principal payment is said to create “ ” If the amount of cash required for payment of fees, interest and principal on the senior Notes exceeds the amount collected during the collection period, the shortfall is generally withdrawn from the Spread Account, if any. If the cash collected during the period exceeds the amount necessary for the above allocations plus required principal payments on the subordinated Notes, if any, and there is no shortfall in the related Spread Account or other form of Credit Enhancement, the excess is released to us. If the total Credit Enhancement amount is not at the required level, then the excess cash collected is retained in the Trust until the specified level is achieved. Cash in the Spread Accounts is restricted from our use. Cash held in the various Spread Accounts is invested in high quality, liquid investment securities, as specified in the Securitization Agreements. In all of our term securitizations we have transferred the receivables (through a subsidiary) to the securitization Trust. We report the assets and liabilities of the securitization Trust on our Consolidated Balance Sheet. The Noteholders’ and the related securitization Trusts’ recourse against us for failure of the contract obligors to make payments on a timely basis is limited, in general, to our Finance Receivables, and Spread Accounts. Servicing We consider the contractual servicing fee received on our managed portfolio held by non-consolidated subsidiaries to be equal to adequate compensation. Additionally, we consider that these fees would fairly compensate a substitute servicer, should one be required. As a result, no servicing asset or liability has been recognized. Servicing fees received on the managed portfolio held by non-consolidated subsidiaries are reported as income when earned. Servicing fees received on the managed portfolio held by consolidated subsidiaries are included in interest income when earned. Servicing costs are charged to expense as incurred. Servicing fees receivable, which are included in Other Assets in the accompanying Consolidated Balance Sheets, represent fees earned but not yet remitted to us by the trustee. Furniture and Equipment Furniture and equipment are stated at cost net of accumulated depreciation. We calculate depreciation using the straight-line method over the estimated useful lives of the assets, which range from three to five years. Assets held under capital leases and leasehold improvements are amortized over the lesser of the estimated useful lives of the assets or the related lease terms. Amortization expense on assets acquired under capital lease is included with depreciation expense on owned assets. Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of Long-lived assets and certain identifiable intangibles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell. Other Income The following table presents the primary components of Other Income: Schedule of other income Year Ended December 31, 2023 2022 2021 (In thousands) Third-party portfolio $ 9,350 $ 6,814 $ – Direct mail revenues – 774 3,391 Sales tax refunds 1,078 737 580 Other 367 864 1,991 Other income for the period $ 10,795 $ 9,189 $ 5,962 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, 2023 2022 2021 (In thousands, except per share data) Numerator: Numerator for basic and diluted earnings per share $ 45,343 $ 85,983 $ 47,524 Denominator: Denominator for basic earnings per share - weighted average number of common shares outstanding during the year 20,896 20,958 22,562 Incremental common shares attributable to exercise of outstanding options and warrants 4,322 5,631 3,218 Denominator for diluted earnings per share 25,218 26,589 25,780 Basic earnings per share $ 2.17 $ 4.10 $ 2.11 Diluted earnings per share $ 1.80 $ 3.23 $ 1.84 Incremental shares of 1.7 million 1.2 million 5.7 million 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, 2023 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, 2023, 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. Recent Accounting Pronouncements In March 2022, FASB issued ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this ASU eliminate the long-standing accounting guidance for Troubled Debt Restructurings (“TDRs”) by creditors in Subtopic 310-40, Receivables – Troubled Debt Restructurings by Creditors, as it is no longer meaningful due to the introduction of Topic 326, which requires an entity to consider lifetime expected credit losses on loans when establishing an allowance for credit losses. Thus, most losses that would have been realized for a TDR under Subtopic 310-40 are now captured by the accounting required under Topic 326. The amendments in this ASU also require that an entity disclose current-period gross write offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments – Credit Losses Measured at Amortized Cost. The Company adopted ASU No. 2022-02 effective January 1, 2023. Aside from the changes to the disclosures required by ASU No. 2022-02, the ASU did not have a material impact on our consolidated financial statements. In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280),” which is intended to enhance the disclosures on reportable segments. This new standard will be effective for annual reporting periods beginning after December 15, 2023, with early adoption permitted. The Company is currently evaluating the impact of ASU 2023-07; however, at the current time, the Company does not believe this ASU will have a material impact on its consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740),” which is intended to provide greater transparency in various income tax components that affect the rate reconciliation based on the applicable taxing jurisdictions, as well as the qualitative and quantitative aspects of those components. This new standard will be effective for annual reporting periods beginning on or after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of ASU 2023-09; however, at the current time, the Company does not believe this ASU will have a material impact on its consolidated financial statements.

Restricted Cash

Restricted Cash	12 Months Ended
	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
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 $ 119.3 million 149.3 million 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 $ 59 56.8 million

Finance Receivables

Finance Receivables	12 Months Ended
	Dec. 31, 2023
Finance Receivables
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, 2023 2022 Finance receivables (In thousands) Automobile finance receivables, net of unearned interest $ 27,553 $ 92,304 Unearned acquisition fees, discounts and deferred origination costs, net – – Finance receivables $ 27,553 $ 92,304 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. The following table summarizes the delinquency status of finance receivables as of December 31, 2023 and 2022: Schedule of delinquency status of finance receivables December 31, 2023 2022 Delinquency Status (In thousands) Current $ 17,771 $ 65,764 31-60 days 5,626 16,796 61-90 days 3,087 7,756 91 + days 1,069 1,988 $ 27,553 $ 92,304 Finance receivables totaling $ 1.1 million 2 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, 2023 and 2022: Schedule of amortized cost basis of finance receivables December 31, 2023 2022 Annual Vintage Pool (In thousands) 2014 and prior $ 370 $ 1,865 2015 1,788 8,627 2016 7,673 28,632 2017 17,722 53,180 $ 27,553 $ 92,304 At the adoption of CECL in 2020, the Company recorded an addition to its allowance for finance credit losses of $ 127 The Company recorded a reduction to provision for credit losses on finance receivables in the amount of $ 22.3 million 28.1 million 14.6 million The following table presents a summary of the activity for the allowance for finance credit losses, for the years ended December 31, 2023, 2022 and 2021: Schedule of allowance for finance credit losses December 31, 2023 2022 2021 (In thousands) Balance at beginning of period $ 21,753 $ 56,206 $ 80,790 Provision for credit losses on finance receivables (22,300 ) (28,100 ) (14,590 ) Charge-offs (8,064 ) (18,319 ) (30,940 ) Recoveries 11,480 11,966 20,946 Balance at end of period $ 2,869 $ 21,753 $ 56,206 The following table presents the gross charge-offs by year of origination of our finance receivables for the year ended December 31, 2023, 2022, and 2021: Schedule of charge-offs for financed receivables December 31, 2023 2022 2021 Annual Vintage Pool (In thousands) 2014 and prior $ 325 $ 963 $ 3,640 2015 1,031 3,047 9,816 2016 3,266 6,586 13,330 2017 4,294 8,271 14,073 Applied against repos in inventory (net) (852 ) (548 ) (9,919 ) $ 8,064 $ 18,319 $ 30,940 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, 2023 2022 (In thousands) Gross balance of repossessions in inventory $ 597 $ 1,894 Allowance for losses on repossessed inventory (472 ) (1,323 ) Net repossessed inventory included in other assets $ 125 $ 571

Furniture and Equipment

Furniture and Equipment	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Furniture and Equipment	(4) Furniture and Equipment The following table presents the components of furniture and equipment: Schedule of furniture and equipment December 31, 2023 2022 (In thousands) Furniture and fixtures $ 1,936 $ 1,936 Computer and telephone equipment 6,823 6,349 Leasehold improvements 1,570 1,570 10,329 9,855 Less: accumulated depreciation and amortization (8,957 ) (8,195 ) $ 1,372 $ 1,660 Depreciation expense totaled $ 847,000 1,618,000 1,675,000

Securitization Trust Debt

Securitization Trust Debt	12 Months Ended
	Dec. 31, 2023
Securitization Trust Debt
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 Debt Scheduled Pledged at Principal at Principal at Interest Rate at Payment December 31, Initial December 31, December 31, December 31, Series Date (1) 2023 (2) Principal 2023 2022 2023 (Dollars in thousands) CPS 2018-A March 2025 $ – $ 190,000 $ – $ 12,939 – CPS 2018-B December 2024 – 201,823 – 17,077 – CPS 2018-C September 2025 – 230,275 – 20,222 – CPS 2018-D June 2025 – 233,730 – 25,563 – CPS 2019-A March 2026 – 254,400 – 32,898 – CPS 2019-B June 2026 20,167 228,275 15,742 33,897 6.03 CPS 2019-C September 2026 24,448 243,513 19,725 41,515 5.05 CPS 2019-D December 2026 32,326 274,313 27,445 53,625 4.37 CPS 2020-A March 2027 31,101 260,000 26,382 52,705 4.79 CPS 2020-B June 2027 36,924 202,343 24,197 41,736 7.19 CPS 2020-C November 2027 51,128 252,200 43,487 72,894 4.00 CPS 2021-A March 2028 55,081 230,545 39,039 72,076 1.81 CPS 2021-B June 2028 69,614 240,000 55,684 101,206 2.50 CPS 2021-C September 2028 104,844 291,000 85,563 147,593 2.03 CPS 2021-D December 2028 143,579 349,202 126,059 209,277 2.53 CPS 2022-A April 2029 158,852 316,800 137,479 222,613 2.78 CPS 2022-B October 2029 243,310 395,600 213,779 325,907 4.83 CPS 2022-C April 2030 278,732 391,600 230,273 346,714 5.78 CPS 2022-D June 2030 232,868 307,018 205,583 292,461 7.91 CPS 2023-A August 2030 273,944 324,768 231,906 – 6.32 CPS 2023-B November 2030 303,157 332,885 268,172 – 6.59 CPS 2023-C February 2031 281,097 291,732 257,568 – 6.65 CPS 2023-D May 2031 293,940 286,149 271,939 – 7.22 $ 2,635,113 $ 6,328,171 $ 2,280,021 $ 2,122,919 _________________________ (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 $ 826.3 million 618.4 million 386.5 million 242.8 million 152.6 million 38.8 million (2) Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets. Debt issuance costs of $ 14.6 million 14.2 million 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, 2023. 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, 2023, restricted cash under the various agreements totaled approximately $ 119.3 million 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.

Debt

Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt	(6) Debt The terms of our debt outstanding at December 31, 2023 and 2022 are summarized below: Schedule of debt outstanding Amount Outstanding at December 31, December 31, 2023 2022 (In thousands) Description Interest Rate Maturity Warehouse lines of credit 3.00% over CP yield rate (Minimum 3.75%) 8.58% and 7.48% July 2024 $ 165,628 $ 150,293 4.15% over a commercial paper rate (Minimum 5.15%) 9.63% and 8.60% January 2024 68,997 137,585 Residual interest financing 7.86 June 2026 50,000 50,000 Subordinated renewable notes Weighted average rate of 8.45 7.82 Weighted average maturity of February 2026 October 2024 17,188 25,263 $ 301,813 $ 363,141 Debt issuance costs of $ 599,000 2.6 million On May 11, 2012, we entered into a $ 100 million 165.6 million On February 2, 2022, we renewed our two-year revolving credit agreement with Ares Agent Services, L.P. The facility is structured to allow us to fund a portion of the purchase price of automobile contracts by borrowing from a credit facility to our consolidated subsidiary Page Nine Funding, LLC. The facility provides for effective advances up to 85.25% of eligible finance receivables. The loans under the facility accrue interest at a commercial paper rate plus 4.15% per annum, with a minimum rate of 5.15% per annum. In June 2022, we increased the capacity of our credit agreement with Ares Agent Services, L.P. from $100 million to $200 million. This facility was amended to extend the revolving period to January 2024 followed by an amortization period through January 2028 for any receivables pledged to the facility at the end of the revolving period. At December 31, 2023 there was $ 69 The total outstanding debt on our two warehouse lines of credit was $ 234.6 million 287.9 million On June 30, 2021, we completed a $ 50 million 50 50 The agreed valuation of the collateral for the 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 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 $ 125,000 377,000 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, 2023: Schedule of contractual and expected maturity amounts of our outstanding subordinated renewable Subordinated Contractual maturity renewable date notes (In thousands) 2024 $ 5,373 2025 3,955 2026 4,066 2027 2,337 2028 235 Thereafter 1,222 Total $ 17,188

Shareholders_ Equity

Shareholders’ Equity	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
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, 2023, we purchased 1,976,356 10.26 35 1.5 million Schedule of stock purchases Twelve Months Ended December 31, 2023 December 31, 2022 Shares Avg. Price Shares Avg. Price Open market purchases 670,968 $ 10.20 3,246,511 $ 10.44 Shares redeemed upon net exercise of stock options 1,305,388 10.29 893,153 13.56 Other – – – – Total stock purchases 1,976,356 $ 10.26 4,139,664 $ 11.11 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 There were no stock options granted during the year ended December 31, 2023. The per share weighted-average fair value of stock options granted during the years ended December 31 2022 and 2021 was $ 5.42 2.65 75 80 79 71 Schedule of assumptions for stock options Year Ended December 31, 2022 2021 Expected life (years) 4.00 4.00 Risk-free interest rate 2.38 0.49 Volatility 76 72 Expected dividend yield – – For the years ended December 31, 2023, 2022 and 2021, we recorded stock-based compensation costs in the amount of $ 3.5 million 4.4 million 2 6 1.8 At December 31, 2023 and 2022, options outstanding had intrinsic values of $ 8.1 million 11.2 million 6.1 million 7.8 million 14.5 million 23.4 million 16.6 million 2,684,000 Stock option activity for the year ended December 31, 2023 for stock options under the 2006 and 1997 plans is as follows: Schedule of option activity Weighted Number of Weighted Average Shares Average Remaining (in thousands) Exercise Price Contractual Term Options outstanding at the beginning of period 11,167 $ 5.21 N/A Granted – – N/A Exercised (3,020 ) 5.49 N/A Forfeited/Expired (22 ) 4.12 N/A Options outstanding at the end of period 8,125 $ 5.11 3.14 Options exercisable at the end of period 6,062 $ 4.31 2.59 The following table presents the price distribution of stock options outstanding and exercisable for the years ended December 31, 2023 and 2022: Schedule of options outstanding and exercisable Number of shares as of Number of shares as of December 31, 2023 December 31, 2022 Outstanding Exercisable Outstanding Exercisable Range of exercise prices: (In thousands) (In thousands) $2.00 - $2.99 1,410 1,082 1,445 775 $3.00 - $3.99 2,473 2,473 3,785 3,495 $4.00 - $4.99 2,539 1,929 2,739 1,802 $6.00 - $6.99 – – 740 740 $7.00 - $7.99 – – 748 748 $10.00 - $10.99 1,703 578 1,710 210 Total shares 8,125 6,062 11,167 7,770 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, 2023, 2022 and 2021.

Interest Income and Interest Ex

Interest Income and Interest Expense	12 Months Ended
	Dec. 31, 2023
Interest Income And Interest Expense
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, 2023 2022 2021 (In thousands) Interest on finance receivables $ 15,567 $ 35,091 $ 69,783 Interest on finance receivables at fair value 307,543 268,621 196,461 Other interest income 6,109 1,525 22 Interest income $ 329,219 $ 305,237 $ 266,266 The following table presents the components of interest expense: Schedule of interest expense Year Ended December 31, 2023 2022 2021 (In thousands) Securitization trust debt $ 121,409 $ 70,627 $ 64,387 Warehouse lines of credit 19,192 10,310 4,448 Residual interest financing 4,199 4,243 3,763 Subordinated renewable notes 1,831 2,344 2,641 Interest expense $ 146,631 $ 87,524 $ 75,239

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	(9) Income Taxes Income taxes consist of the following: Schedule of income taxes expenses Year Ended December 31, 2023 2022 2021 (In thousands) Current federal tax expense $ 7,122 $ 16,946 $ 8,992 Current state tax expense 2,613 3,352 2,845 Deferred federal tax expense 4,307 5,573 3,012 Deferred state tax expense 1,712 4,339 3,373 Income tax expense $ 15,754 $ 30,210 $ 18,222 Income tax expense for the years ended December 31, 2023, 2022 and 2021 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, 2023 2022 2021 (In thousands) Expense at federal tax rate $ 12,830 $ 24,401 $ 13,807 State taxes, net of federal income tax effect 3,716 6,462 3,974 Stock-based compensation (1,184 ) (2,611 ) (947 ) Non-deductible expenses 1,629 1,056 1,129 Net operating loss carryback – – (1,694 ) Effect of change in tax rate – – – Accounting method change – – – Other (1,237 ) 902 1,953 Income tax expense $ 15,754 $ 30,210 $ 18,222 The tax effected cumulative temporary differences that give rise to deferred tax assets and liabilities as of December 31, 2023 and 2022 are as follows: Schedule of deferred tax assets and liabilities December 31, 2023 2022 (In thousands) Deferred Tax Assets: Finance receivables $ 895 $ 4,870 Accrued liabilities 1,423 1,708 NOL carryforwards 400 450 Built in losses 1,383 2,024 Pension accrual – – Stock compensation 1,131 2,172 Lease liability 883 1,711 Other – – Total deferred tax assets $ 6,115 $ 12,935 Deferred Tax Liabilities: Finance receivables $ – $ – Deferred loan costs – – Pension accrual (1,217 ) (752 ) Lease right-of-use assets (803 ) (1,572 ) Furniture and equipment and other (359 ) (434 ) Total deferred tax liabilities (2,379 ) (2,758 ) Net deferred tax asset $ 3,736 $ 10,177 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 $ 3.7 million 2.3 million 1.4 million As of December 31, 2023, we had net operating loss carryforwards for state income tax purposes of $ 6.6 million 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, 2023, 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 2019.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
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, 2023 2022 (In thousands) Operating Leases Operating lease right-of-use assets $ 29,575 $ 28,397 Less: Accumulated amortization right-of-use assets (26,651 ) (22,613 ) Operating lease right-of-use assets, net $ 2,924 $ 5,784 Operating lease liabilities $ (3,220 ) $ (6,234 ) Finance Leases Property and equipment, at cost $ 3,474 $ 3,407 Less: Accumulated depreciation (3,385 ) (3,301 ) Property and equipment, net $ 89 $ 106 Finance lease liabilities $ (93 ) $ (177 ) Weighted Average Discount Rate Operating lease 5.0% 5.0% Finance lease 6.5% 6.5% Maturities of lease liabilities were as follows: schedule of maturities of leases (In thousands) Operating Finance Year Ending December 31, Lease Lease 2024 $ 1,787 $ 41 2025 737 25 2026 455 15 2027 452 15 2028 452 4 Thereafter 113 – Total undiscounted lease payments 3,996 100 Less amounts representing interest (776 ) (7 ) Lease Liability $ 3,220 $ 93 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, 2023 2022 2021 (In thousands) Operating lease cost $ 5,547 $ 6,650 $ 7,184 Finance lease cost 158 987 1,229 Total lease cost $ 5,705 $ 7,637 $ 8,413 The following table presents the supplemental cash flow information related to leases: Schedule of supplemental cash flow information related to leases Year Ended December 31, 2023 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,547 $ 7,056 $ 7,474 Operating cash flows from finance leases 152 948 1,118 Financing cash flows from finance leases 6 40 111 Legal Proceedings Consumer Litigation. Following our filing of a complaint for a deficiency judgment in the Superior Court at Waterbury, Connecticut, the defendant filed a cross-claim on October 16, 2019 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 complaint seeks primarily damages, injunctive relief, waiver of contract deficiencies, and attorney fees and interest. 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. In April 2022, a motion for certification of a class was filed but has not been ruled upon. It is reasonable to expect that resolution of these claims will be on a class basis. Wage and Hour Claim. 1.1 million Massachusetts Civil Investigative Demand 1.24 million 75,000 In General. 3.6 million 5.6 million 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.

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
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 1.4 million 1.3 million 1.3 million 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, 2023 and 2022: Schedule of reconciliation of the change in the plan's benefit obligations December 31, 2023 2022 (In thousands) Change in Projected Benefit Obligation Projected benefit obligation, beginning of year $ 15,952 $ 22,280 Interest cost 753 579 Assumption changes (3 ) (5,450 ) Actuarial (gain) loss (271 ) 85 Settlements – (716 ) Benefits paid (954 ) (826 ) Projected benefit obligation, end of year $ 15,477 $ 15,952 Change in Plan Assets Fair value of plan assets, beginning of year $ 18,768 $ 26,098 Return on assets 2,347 (5,702 ) Employer contribution – – Expenses (113 ) (86 ) Settlements – (716 ) Benefits paid (954 ) (826 ) Fair value of plan assets, end of year $ 20,048 $ 18,768 Funded Status at end of year $ 4,571 $ 2,816 Additional Information Weighted average assumptions used to determine benefit obligations and cost at December 31, 2023 and 2022 were as follows: Schedule of weighted average assumptions used to determine pension benefit obligations December, 31 2023 2022 Weighted average assumptions used to determine benefit obligations Discount rate 4.68 4.87 Weighted average assumptions used to determine net periodic benefit cost Discount rate 4.87 2.65 Expected return on plan assets 7.00 7.25 Our overall expected long-term rate of return on assets is 7.00 Schedule of components of net periodic benefit cost December 31, 2023 2022 2021 (In thousands) Amounts recognized on Consolidated Balance Sheet Other assets $ 4,571 $ 2,816 $ 3,818 Other liabilities – – – Net amount recognized $ 4,571 $ 2,816 $ 3,818 Amounts recognized in accumulated other comprehensive loss consists of: Net loss $ 4,130 $ 5,716 $ 3,794 Unrecognized transition asset – – – Net amount recognized $ 4,130 $ 5,716 $ 3,794 Components of net periodic benefit cost Interest cost $ 753 $ 579 $ 553 Expected return on assets (1,280 ) (1,860 ) (1,301 ) Amortization of transition asset – – – Amortization of net loss 358 105 896 Net periodic benefit cost (169 ) (1,176 ) 148 Settlement (gain)/loss – 256 (865 ) Total $ (169 ) $ (920 ) $ (717 ) Benefit Obligation Recognized in Other Comprehensive Loss (Income) Net loss (gain) $ (1,755 ) $ 1,003 $ (9,503 ) Prior service cost (credit) – – – Amortization of prior service cost – – – Net amount recognized in other comprehensive loss (income) $ (1,755 ) $ 1,003 $ (9,503 ) The estimated net gain that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2024 is $ 400,000 The weighted average asset allocation of our pension benefits at December 31, 2023 and 2022 were as follows: Schedule of weighted average asset allocation of our pension benefits December 31, 2023 2022 Weighted Average Asset Allocation at Year-End Asset Category Equity securities 87 87 Debt securities 13 13 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. Cash Flows Schedule of estimated future benefit payments Estimated Future Benefit Payments (In thousands) 2024 $ 1,268 2025 1,185 2026 1,280 2027 1,201 2028 1,119 Years 2029 - 2033 5,917 Anticipated Contributions in 2024 $ – The fair value of plan assets at December 31, 2023 and 2022, by asset category, is as follows: Schedule of fair value of plan assets December 31, 2023 Level 1 (1) Level 2 (2) Level 3 (3) Total Investment Name: (in thousands) Company Common Stock $ 8,308 $ – $ – $ 8,308 Large Cap Value – 2,121 – 2,121 Mid Cap Index – 606 – 606 Small Cap Growth – 604 – 604 Small Cap Value – 596 – 596 Large Cap Blend – 638 – 638 Growth – 2,278 – 2,278 International Growth – 2,330 – 2,330 Core Bond – 1,763 – 1,763 High Yield – 351 – 351 Inflation Protected Bond – 437 – 437 Money Market – 16 – 16 Total $ 8,308 $ 11,740 $ – $ 20,048 December 31, 2022 Level 1 (1) Level 2 (2) Level 3 (3) Total Investment Name: (in thousands) Company Common Stock $ 7,848 $ – $ – $ 7,848 Large Cap Value – 2,037 – 2,037 Mid Cap Index – 594 – 594 Small Cap Growth – 546 – 546 Small Cap Value – 588 – 588 Large Cap Blend – 560 – 560 Growth – 1,843 – 1,843 International Growth – 2,251 – 2,251 Core Bond – 1,658 – 1,658 High Yield – 347 – 347 Inflation Protected Bond – 433 – 433 Money Market – 63 – 63 Total $ 7,848 $ 10,920 $ – $ 18,768 ________________________ (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.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
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, 2023 2022 (In thousands) Balance at beginning of period $ 2,476,617 $ 1,749,098 Finance receivables at fair value acquired during period 1,251,020 1,673,166 Payments received on finance receivables at fair value (823,434 ) (825,783 ) Net interest income accretion on fair value receivables (193,541 ) (135,147 ) Mark to fair value 12,000 15,283 Balance at end of period $ 2,722,662 $ 2,476,617 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, 2023 December 31, 2022 Contractual Fair Contractual Fair Balance Value Balance Value (In thousands) Finance receivables measured at fair value $ 2,941,915 $ 2,722,662 $ 2,701,184 $ 2,476,617 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, 2023 2022 Unobservable Inputs 2023 2022 (In thousands) Assets: Finance receivables measured at fair value $ 2,722,662 $ 2,476,617 Discount rate 11.0%-11.7% 11.0%-11.3% Cumulative net losses 10.0%-21.7% 13.4%-19.4% The following table summarizes the delinquency status using the contractual balance of these finance receivables measured at fair value as of December 31, 2023 and December 31, 2022: Schedule of delinquency status of finance receivables measured at fair value December 31, December 31, 2023 2022 (In thousands) Delinquency Status Current $ 2,520,158 $ 2,375,271 31 - 60 days 204,574 184,968 61 - 90 days 101,057 72,390 91 + days 49,541 29,048 Repo 66,585 39,507 $ 2,941,915 $ 2,701,184 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, 2023, the finance receivables related to the repossessed vehicles in inventory totaled $ 597,000 472,000 20 125,000 1.9 million 1.3 million There were no transfers in or out of level 1 or level 2 assets and liabilities for 2023 and 2022. 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, 2023 and 2022, were as follows: Schedule of fair values of financial assets and liabilities As of December 31, 2023 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 6,174 $ 6,174 $ – $ – $ 6,174 Restricted cash and equivalents 119,257 119,257 – – 119,257 Finance receivables, net 24,684 – – 20,848 20,848 Accrued interest receivable 292 – – 292 292 Liabilities: Warehouse lines of credit $ 234,025 $ – $ – $ 234,025 $ 234,025 Accrued interest payable 7,928 – – 7,928 7,928 Securitization trust debt 2,265,446 – – 2,183,331 2,183,331 Subordinated renewable notes 17,188 – – 17,188 17,188 As of December 31, 2022 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 13,490 $ 13,490 $ – $ – $ 13,490 Restricted cash and equivalents 149,299 149,299 – – 149,299 Finance receivables, net 70,551 – – 60,063 60,063 Accrued interest receivable 649 – – 649 649 Liabilities: Warehouse lines of credit $ 285,328 $ – $ – $ 285,328 $ 285,328 Accrued interest payable 6,190 – – 6,190 6,190 Securitization trust debt 2,108,744 – – 1,957,995 1,957,995 Subordinated renewable notes 25,263 – – 25,263 25,263

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	13) Subsequent Events On January 24, 2024 we executed our first securitization of 2024. In the transaction, qualified institutional buyers purchased $280.9 million of asset-backed notes secured by $300.6 million in automobile receivables originated by CPS. The sold notes, issued by CPS Auto Receivables Trust 2024-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 6.51%. The 2024-A transaction has initial credit enhancement consisting of a cash deposit equal to 1.00% of the original receivable pool balance and overcollateralization of 6.55%. The transaction agreements require accelerated payment of principal on the notes to reach overcollateralization of the lesser of 9.55% of the original receivable pool balance, or 26.55% of the then outstanding pool balance. The transaction was a private offering of securities, not registered under the Securities Act of 1933, or any state securities law.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
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 Texas, Illinois, Ohio, California, Florida, and Pennsylvania represented 7.1 6.9 6.2 6.0 5.4 5.0 7.8 5.7 7.6 8.2 5.1 4.6 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 ( “ ”
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, 2023, our unrestricted cash balance was $ 6.2 million
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 twelve-month period ended December 31, 2023 include a $ 12 15.3 Anticipated credit losses are included in our estimation of cash to be received with respect to receivables. In accordance with the fair value accounting standards, credit losses are included in our computation of the appropriate level yield, therefore 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 $ 125,000 571,000
Treatment of Securitizations	Treatment of Securitizations Our term securitization structure has generally been as follows: We sell contracts we acquire to a wholly-owned SPS, which has been established for the limited purpose of buying and reselling our contracts. The SPS then transfers the same contracts to another entity, typically a statutory trust ( “ ” “ ” “ ” “ ” “ ” “ ” Our warehouse securitization structures are similar to the above, except that (i) the SPS that purchases the contracts pledges the contracts to secure promissory notes or loans that it issues, and (ii) no increase in the required amount of Credit Enhancement is contemplated. Upon each sale of contracts in a securitization structured as a secured financing, we retain as assets on our Consolidated Balance Sheet the securitized contracts and record as indebtedness the Notes issued in the transaction. We have the power to direct the most significant activities of the SPS. In addition, we have the obligation to absorb losses and the rights to receive benefits from the SPS, both of which could be potentially significant to the SPS. These types of securitization structures are treated as secured financings, in which the receivables remain on our Consolidated Balance Sheet, and the debt issued by the SPS is shown as a securitization trust debt on our Consolidated Balance Sheet. We receive periodic base servicing fees for the servicing and collection of the contracts. In addition, we are entitled to the cash flows from the Trusts that represent collections on the contracts in excess of the amounts required to pay principal and interest on the Notes, the base servicing fees, and certain other fees (such as trustee and custodial fees). Required principal payments on the Notes are generally defined as the payments sufficient to keep the principal balance of the Notes equal to the aggregate principal balance of the related contracts (excluding those contracts that have been charged off), or a pre-determined percentage of such balance. Where that percentage is less than 100%, the related Securitization Agreements require accelerated payment of principal until the principal balance of the Notes is reduced to the specified percentage. Such accelerated principal payment is said to create “ ” If the amount of cash required for payment of fees, interest and principal on the senior Notes exceeds the amount collected during the collection period, the shortfall is generally withdrawn from the Spread Account, if any. If the cash collected during the period exceeds the amount necessary for the above allocations plus required principal payments on the subordinated Notes, if any, and there is no shortfall in the related Spread Account or other form of Credit Enhancement, the excess is released to us. If the total Credit Enhancement amount is not at the required level, then the excess cash collected is retained in the Trust until the specified level is achieved. Cash in the Spread Accounts is restricted from our use. Cash held in the various Spread Accounts is invested in high quality, liquid investment securities, as specified in the Securitization Agreements. In all of our term securitizations we have transferred the receivables (through a subsidiary) to the securitization Trust. We report the assets and liabilities of the securitization Trust on our Consolidated Balance Sheet. The Noteholders’ and the related securitization Trusts’ recourse against us for failure of the contract obligors to make payments on a timely basis is limited, in general, to our Finance Receivables, and Spread Accounts.
Servicing	Servicing We consider the contractual servicing fee received on our managed portfolio held by non-consolidated subsidiaries to be equal to adequate compensation. Additionally, we consider that these fees would fairly compensate a substitute servicer, should one be required. As a result, no servicing asset or liability has been recognized. Servicing fees received on the managed portfolio held by non-consolidated subsidiaries are reported as income when earned. Servicing fees received on the managed portfolio held by consolidated subsidiaries are included in interest income when earned. Servicing costs are charged to expense as incurred. Servicing fees receivable, which are included in Other Assets in the accompanying Consolidated Balance Sheets, represent fees earned but not yet remitted to us by the trustee.
Furniture and Equipment	Furniture and Equipment Furniture and equipment are stated at cost net of accumulated depreciation. We calculate depreciation using the straight-line method over the estimated useful lives of the assets, which range from three to five years. Assets held under capital leases and leasehold improvements are amortized over the lesser of the estimated useful lives of the assets or the related lease terms. Amortization expense on assets acquired under capital lease is included with depreciation expense on owned assets.
Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of	Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of Long-lived assets and certain identifiable intangibles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell.
Other Income	Other Income The following table presents the primary components of Other Income: Schedule of other income Year Ended December 31, 2023 2022 2021 (In thousands) Third-party portfolio $ 9,350 $ 6,814 $ – Direct mail revenues – 774 3,391 Sales tax refunds 1,078 737 580 Other 367 864 1,991 Other income for the period $ 10,795 $ 9,189 $ 5,962
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, 2023 2022 2021 (In thousands, except per share data) Numerator: Numerator for basic and diluted earnings per share $ 45,343 $ 85,983 $ 47,524 Denominator: Denominator for basic earnings per share - weighted average number of common shares outstanding during the year 20,896 20,958 22,562 Incremental common shares attributable to exercise of outstanding options and warrants 4,322 5,631 3,218 Denominator for diluted earnings per share 25,218 26,589 25,780 Basic earnings per share $ 2.17 $ 4.10 $ 2.11 Diluted earnings per share $ 1.80 $ 3.23 $ 1.84 Incremental shares of 1.7 million 1.2 million 5.7 million
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, 2023 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, 2023, 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2022, FASB issued ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this ASU eliminate the long-standing accounting guidance for Troubled Debt Restructurings (“TDRs”) by creditors in Subtopic 310-40, Receivables – Troubled Debt Restructurings by Creditors, as it is no longer meaningful due to the introduction of Topic 326, which requires an entity to consider lifetime expected credit losses on loans when establishing an allowance for credit losses. Thus, most losses that would have been realized for a TDR under Subtopic 310-40 are now captured by the accounting required under Topic 326. The amendments in this ASU also require that an entity disclose current-period gross write offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments – Credit Losses Measured at Amortized Cost. The Company adopted ASU No. 2022-02 effective January 1, 2023. Aside from the changes to the disclosures required by ASU No. 2022-02, the ASU did not have a material impact on our consolidated financial statements. In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280),” which is intended to enhance the disclosures on reportable segments. This new standard will be effective for annual reporting periods beginning after December 15, 2023, with early adoption permitted. The Company is currently evaluating the impact of ASU 2023-07; however, at the current time, the Company does not believe this ASU will have a material impact on its consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740),” which is intended to provide greater transparency in various income tax components that affect the rate reconciliation based on the applicable taxing jurisdictions, as well as the qualitative and quantitative aspects of those components. This new standard will be effective for annual reporting periods beginning on or after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of ASU 2023-09; however, at the current time, the Company does not believe this ASU will have a material impact on its consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of other income	Schedule of other income Year Ended December 31, 2023 2022 2021 (In thousands) Third-party portfolio $ 9,350 $ 6,814 $ – Direct mail revenues – 774 3,391 Sales tax refunds 1,078 737 580 Other 367 864 1,991 Other income for the period $ 10,795 $ 9,189 $ 5,962
Schedule of computation of earnings per share	Schedule of computation of earnings per share Year Ended December 31, 2023 2022 2021 (In thousands, except per share data) Numerator: Numerator for basic and diluted earnings per share $ 45,343 $ 85,983 $ 47,524 Denominator: Denominator for basic earnings per share - weighted average number of common shares outstanding during the year 20,896 20,958 22,562 Incremental common shares attributable to exercise of outstanding options and warrants 4,322 5,631 3,218 Denominator for diluted earnings per share 25,218 26,589 25,780 Basic earnings per share $ 2.17 $ 4.10 $ 2.11 Diluted earnings per share $ 1.80 $ 3.23 $ 1.84

Finance Receivables (Tables)

Finance Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Finance Receivables
Schedule of finance receivables	Schedule of finance receivables December 31, 2023 2022 Finance receivables (In thousands) Automobile finance receivables, net of unearned interest $ 27,553 $ 92,304 Unearned acquisition fees, discounts and deferred origination costs, net – – Finance receivables $ 27,553 $ 92,304
Schedule of delinquency status of finance receivables	Schedule of delinquency status of finance receivables December 31, 2023 2022 Delinquency Status (In thousands) Current $ 17,771 $ 65,764 31-60 days 5,626 16,796 61-90 days 3,087 7,756 91 + days 1,069 1,988 $ 27,553 $ 92,304
Schedule of amortized cost basis of finance receivables	Schedule of amortized cost basis of finance receivables December 31, 2023 2022 Annual Vintage Pool (In thousands) 2014 and prior $ 370 $ 1,865 2015 1,788 8,627 2016 7,673 28,632 2017 17,722 53,180 $ 27,553 $ 92,304
Schedule of allowance for finance credit losses	Schedule of allowance for finance credit losses December 31, 2023 2022 2021 (In thousands) Balance at beginning of period $ 21,753 $ 56,206 $ 80,790 Provision for credit losses on finance receivables (22,300 ) (28,100 ) (14,590 ) Charge-offs (8,064 ) (18,319 ) (30,940 ) Recoveries 11,480 11,966 20,946 Balance at end of period $ 2,869 $ 21,753 $ 56,206
Schedule of charge-offs for financed receivables	Schedule of charge-offs for financed receivables December 31, 2023 2022 2021 Annual Vintage Pool (In thousands) 2014 and prior $ 325 $ 963 $ 3,640 2015 1,031 3,047 9,816 2016 3,266 6,586 13,330 2017 4,294 8,271 14,073 Applied against repos in inventory (net) (852 ) (548 ) (9,919 ) $ 8,064 $ 18,319 $ 30,940
Schedule of allowance for losses on repossessed inventory	Schedule of allowance for losses on repossessed inventory December 31, 2023 2022 (In thousands) Gross balance of repossessions in inventory $ 597 $ 1,894 Allowance for losses on repossessed inventory (472 ) (1,323 ) Net repossessed inventory included in other assets $ 125 $ 571

Furniture and Equipment (Tables

Furniture and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of furniture and equipment	Schedule of furniture and equipment December 31, 2023 2022 (In thousands) Furniture and fixtures $ 1,936 $ 1,936 Computer and telephone equipment 6,823 6,349 Leasehold improvements 1,570 1,570 10,329 9,855 Less: accumulated depreciation and amortization (8,957 ) (8,195 ) $ 1,372 $ 1,660

Securitization Trust Debt (Tabl

Securitization Trust Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Securitization Trust Debt
Schedule of securitization trust debt	Schedule of securitization trust debt Weighted Average Final Receivables Outstanding Outstanding Contractual Debt Scheduled Pledged at Principal at Principal at Interest Rate at Payment December 31, Initial December 31, December 31, December 31, Series Date (1) 2023 (2) Principal 2023 2022 2023 (Dollars in thousands) CPS 2018-A March 2025 $ – $ 190,000 $ – $ 12,939 – CPS 2018-B December 2024 – 201,823 – 17,077 – CPS 2018-C September 2025 – 230,275 – 20,222 – CPS 2018-D June 2025 – 233,730 – 25,563 – CPS 2019-A March 2026 – 254,400 – 32,898 – CPS 2019-B June 2026 20,167 228,275 15,742 33,897 6.03 CPS 2019-C September 2026 24,448 243,513 19,725 41,515 5.05 CPS 2019-D December 2026 32,326 274,313 27,445 53,625 4.37 CPS 2020-A March 2027 31,101 260,000 26,382 52,705 4.79 CPS 2020-B June 2027 36,924 202,343 24,197 41,736 7.19 CPS 2020-C November 2027 51,128 252,200 43,487 72,894 4.00 CPS 2021-A March 2028 55,081 230,545 39,039 72,076 1.81 CPS 2021-B June 2028 69,614 240,000 55,684 101,206 2.50 CPS 2021-C September 2028 104,844 291,000 85,563 147,593 2.03 CPS 2021-D December 2028 143,579 349,202 126,059 209,277 2.53 CPS 2022-A April 2029 158,852 316,800 137,479 222,613 2.78 CPS 2022-B October 2029 243,310 395,600 213,779 325,907 4.83 CPS 2022-C April 2030 278,732 391,600 230,273 346,714 5.78 CPS 2022-D June 2030 232,868 307,018 205,583 292,461 7.91 CPS 2023-A August 2030 273,944 324,768 231,906 – 6.32 CPS 2023-B November 2030 303,157 332,885 268,172 – 6.59 CPS 2023-C February 2031 281,097 291,732 257,568 – 6.65 CPS 2023-D May 2031 293,940 286,149 271,939 – 7.22 $ 2,635,113 $ 6,328,171 $ 2,280,021 $ 2,122,919 _________________________ (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 $ 826.3 million 618.4 million 386.5 million 242.8 million 152.6 million 38.8 million (2) Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets.

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of debt outstanding	Schedule of debt outstanding Amount Outstanding at December 31, December 31, 2023 2022 (In thousands) Description Interest Rate Maturity Warehouse lines of credit 3.00% over CP yield rate (Minimum 3.75%) 8.58% and 7.48% July 2024 $ 165,628 $ 150,293 4.15% over a commercial paper rate (Minimum 5.15%) 9.63% and 8.60% January 2024 68,997 137,585 Residual interest financing 7.86 June 2026 50,000 50,000 Subordinated renewable notes Weighted average rate of 8.45 7.82 Weighted average maturity of February 2026 October 2024 17,188 25,263 $ 301,813 $ 363,141
Schedule of contractual and expected maturity amounts of our outstanding subordinated renewable	Schedule of contractual and expected maturity amounts of our outstanding subordinated renewable Subordinated Contractual maturity renewable date notes (In thousands) 2024 $ 5,373 2025 3,955 2026 4,066 2027 2,337 2028 235 Thereafter 1,222 Total $ 17,188

Shareholders_ Equity (Tables)

Shareholders’ Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of stock purchases	Schedule of stock purchases Twelve Months Ended December 31, 2023 December 31, 2022 Shares Avg. Price Shares Avg. Price Open market purchases 670,968 $ 10.20 3,246,511 $ 10.44 Shares redeemed upon net exercise of stock options 1,305,388 10.29 893,153 13.56 Other – – – – Total stock purchases 1,976,356 $ 10.26 4,139,664 $ 11.11
Schedule of assumptions for stock options	Schedule of assumptions for stock options Year Ended December 31, 2022 2021 Expected life (years) 4.00 4.00 Risk-free interest rate 2.38 0.49 Volatility 76 72 Expected dividend yield – –
Schedule of option activity	Schedule of option activity Weighted Number of Weighted Average Shares Average Remaining (in thousands) Exercise Price Contractual Term Options outstanding at the beginning of period 11,167 $ 5.21 N/A Granted – – N/A Exercised (3,020 ) 5.49 N/A Forfeited/Expired (22 ) 4.12 N/A Options outstanding at the end of period 8,125 $ 5.11 3.14 Options exercisable at the end of period 6,062 $ 4.31 2.59
Schedule of options outstanding and exercisable	Schedule of options outstanding and exercisable Number of shares as of Number of shares as of December 31, 2023 December 31, 2022 Outstanding Exercisable Outstanding Exercisable Range of exercise prices: (In thousands) (In thousands) $2.00 - $2.99 1,410 1,082 1,445 775 $3.00 - $3.99 2,473 2,473 3,785 3,495 $4.00 - $4.99 2,539 1,929 2,739 1,802 $6.00 - $6.99 – – 740 740 $7.00 - $7.99 – – 748 748 $10.00 - $10.99 1,703 578 1,710 210 Total shares 8,125 6,062 11,167 7,770

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	12 Months Ended
	Dec. 31, 2023
Interest Income And Interest Expense
Schedule of interest income	Schedule of interest income Year Ended December 31, 2023 2022 2021 (In thousands) Interest on finance receivables $ 15,567 $ 35,091 $ 69,783 Interest on finance receivables at fair value 307,543 268,621 196,461 Other interest income 6,109 1,525 22 Interest income $ 329,219 $ 305,237 $ 266,266
Schedule of interest expense	Schedule of interest expense Year Ended December 31, 2023 2022 2021 (In thousands) Securitization trust debt $ 121,409 $ 70,627 $ 64,387 Warehouse lines of credit 19,192 10,310 4,448 Residual interest financing 4,199 4,243 3,763 Subordinated renewable notes 1,831 2,344 2,641 Interest expense $ 146,631 $ 87,524 $ 75,239

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of income taxes expenses	Schedule of income taxes expenses Year Ended December 31, 2023 2022 2021 (In thousands) Current federal tax expense $ 7,122 $ 16,946 $ 8,992 Current state tax expense 2,613 3,352 2,845 Deferred federal tax expense 4,307 5,573 3,012 Deferred state tax expense 1,712 4,339 3,373 Income tax expense $ 15,754 $ 30,210 $ 18,222
Schedule of reconciliation of income taxes	Schedule of reconciliation of income taxes Year Ended December 31, 2023 2022 2021 (In thousands) Expense at federal tax rate $ 12,830 $ 24,401 $ 13,807 State taxes, net of federal income tax effect 3,716 6,462 3,974 Stock-based compensation (1,184 ) (2,611 ) (947 ) Non-deductible expenses 1,629 1,056 1,129 Net operating loss carryback – – (1,694 ) Effect of change in tax rate – – – Accounting method change – – – Other (1,237 ) 902 1,953 Income tax expense $ 15,754 $ 30,210 $ 18,222
Schedule of deferred tax assets and liabilities	Schedule of deferred tax assets and liabilities December 31, 2023 2022 (In thousands) Deferred Tax Assets: Finance receivables $ 895 $ 4,870 Accrued liabilities 1,423 1,708 NOL carryforwards 400 450 Built in losses 1,383 2,024 Pension accrual – – Stock compensation 1,131 2,172 Lease liability 883 1,711 Other – – Total deferred tax assets $ 6,115 $ 12,935 Deferred Tax Liabilities: Finance receivables $ – $ – Deferred loan costs – – Pension accrual (1,217 ) (752 ) Lease right-of-use assets (803 ) (1,572 ) Furniture and equipment and other (359 ) (434 ) Total deferred tax liabilities (2,379 ) (2,758 ) Net deferred tax asset $ 3,736 $ 10,177

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Supplemental balance sheet information related to leases	Supplemental balance sheet information related to leases December 31, December 31, 2023 2022 (In thousands) Operating Leases Operating lease right-of-use assets $ 29,575 $ 28,397 Less: Accumulated amortization right-of-use assets (26,651 ) (22,613 ) Operating lease right-of-use assets, net $ 2,924 $ 5,784 Operating lease liabilities $ (3,220 ) $ (6,234 ) Finance Leases Property and equipment, at cost $ 3,474 $ 3,407 Less: Accumulated depreciation (3,385 ) (3,301 ) Property and equipment, net $ 89 $ 106 Finance lease liabilities $ (93 ) $ (177 ) Weighted Average Discount Rate Operating lease 5.0% 5.0% Finance lease 6.5% 6.5%
schedule of maturities of leases	schedule of maturities of leases (In thousands) Operating Finance Year Ending December 31, Lease Lease 2024 $ 1,787 $ 41 2025 737 25 2026 455 15 2027 452 15 2028 452 4 Thereafter 113 – Total undiscounted lease payments 3,996 100 Less amounts representing interest (776 ) (7 ) Lease Liability $ 3,220 $ 93
Schedule of lease cost	Schedule of lease cost Year Ended December 31, 2023 2022 2021 (In thousands) Operating lease cost $ 5,547 $ 6,650 $ 7,184 Finance lease cost 158 987 1,229 Total lease cost $ 5,705 $ 7,637 $ 8,413
Schedule of supplemental cash flow information related to leases	Schedule of supplemental cash flow information related to leases Year Ended December 31, 2023 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,547 $ 7,056 $ 7,474 Operating cash flows from finance leases 152 948 1,118 Financing cash flows from finance leases 6 40 111

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 (In thousands) Change in Projected Benefit Obligation Projected benefit obligation, beginning of year $ 15,952 $ 22,280 Interest cost 753 579 Assumption changes (3 ) (5,450 ) Actuarial (gain) loss (271 ) 85 Settlements – (716 ) Benefits paid (954 ) (826 ) Projected benefit obligation, end of year $ 15,477 $ 15,952 Change in Plan Assets Fair value of plan assets, beginning of year $ 18,768 $ 26,098 Return on assets 2,347 (5,702 ) Employer contribution – – Expenses (113 ) (86 ) Settlements – (716 ) Benefits paid (954 ) (826 ) Fair value of plan assets, end of year $ 20,048 $ 18,768 Funded Status at end of year $ 4,571 $ 2,816
Schedule of weighted average assumptions used to determine pension benefit obligations	Schedule of weighted average assumptions used to determine pension benefit obligations December, 31 2023 2022 Weighted average assumptions used to determine benefit obligations Discount rate 4.68 4.87 Weighted average assumptions used to determine net periodic benefit cost Discount rate 4.87 2.65 Expected return on plan assets 7.00 7.25
Schedule of components of net periodic benefit cost	Schedule of components of net periodic benefit cost December 31, 2023 2022 2021 (In thousands) Amounts recognized on Consolidated Balance Sheet Other assets $ 4,571 $ 2,816 $ 3,818 Other liabilities – – – Net amount recognized $ 4,571 $ 2,816 $ 3,818 Amounts recognized in accumulated other comprehensive loss consists of: Net loss $ 4,130 $ 5,716 $ 3,794 Unrecognized transition asset – – – Net amount recognized $ 4,130 $ 5,716 $ 3,794 Components of net periodic benefit cost Interest cost $ 753 $ 579 $ 553 Expected return on assets (1,280 ) (1,860 ) (1,301 ) Amortization of transition asset – – – Amortization of net loss 358 105 896 Net periodic benefit cost (169 ) (1,176 ) 148 Settlement (gain)/loss – 256 (865 ) Total $ (169 ) $ (920 ) $ (717 ) Benefit Obligation Recognized in Other Comprehensive Loss (Income) Net loss (gain) $ (1,755 ) $ 1,003 $ (9,503 ) Prior service cost (credit) – – – Amortization of prior service cost – – – Net amount recognized in other comprehensive loss (income) $ (1,755 ) $ 1,003 $ (9,503 )
Schedule of weighted average asset allocation of our pension benefits	Schedule of weighted average asset allocation of our pension benefits December 31, 2023 2022 Weighted Average Asset Allocation at Year-End Asset Category Equity securities 87 87 Debt securities 13 13 Cash and cash equivalents 0 0 Total 100 100
Schedule of estimated future benefit payments	Schedule of estimated future benefit payments Estimated Future Benefit Payments (In thousands) 2024 $ 1,268 2025 1,185 2026 1,280 2027 1,201 2028 1,119 Years 2029 - 2033 5,917 Anticipated Contributions in 2024 $ –
Schedule of fair value of plan assets	Schedule of fair value of plan assets December 31, 2023 Level 1 (1) Level 2 (2) Level 3 (3) Total Investment Name: (in thousands) Company Common Stock $ 8,308 $ – $ – $ 8,308 Large Cap Value – 2,121 – 2,121 Mid Cap Index – 606 – 606 Small Cap Growth – 604 – 604 Small Cap Value – 596 – 596 Large Cap Blend – 638 – 638 Growth – 2,278 – 2,278 International Growth – 2,330 – 2,330 Core Bond – 1,763 – 1,763 High Yield – 351 – 351 Inflation Protected Bond – 437 – 437 Money Market – 16 – 16 Total $ 8,308 $ 11,740 $ – $ 20,048

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 (In thousands) Balance at beginning of period $ 2,476,617 $ 1,749,098 Finance receivables at fair value acquired during period 1,251,020 1,673,166 Payments received on finance receivables at fair value (823,434 ) (825,783 ) Net interest income accretion on fair value receivables (193,541 ) (135,147 ) Mark to fair value 12,000 15,283 Balance at end of period $ 2,722,662 $ 2,476,617
Schedule of finance receivables to their contractual balances	Schedule of finance receivables to their contractual balances December 31, 2023 December 31, 2022 Contractual Fair Contractual Fair Balance Value Balance Value (In thousands) Finance receivables measured at fair value $ 2,941,915 $ 2,722,662 $ 2,701,184 $ 2,476,617
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, 2023 2022 Unobservable Inputs 2023 2022 (In thousands) Assets: Finance receivables measured at fair value $ 2,722,662 $ 2,476,617 Discount rate 11.0%-11.7% 11.0%-11.3% Cumulative net losses 10.0%-21.7% 13.4%-19.4%
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, 2023 2022 (In thousands) Delinquency Status Current $ 2,520,158 $ 2,375,271 31 - 60 days 204,574 184,968 61 - 90 days 101,057 72,390 91 + days 49,541 29,048 Repo 66,585 39,507 $ 2,941,915 $ 2,701,184
Schedule of fair values of financial assets and liabilities	Schedule of fair values of financial assets and liabilities As of December 31, 2023 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 6,174 $ 6,174 $ – $ – $ 6,174 Restricted cash and equivalents 119,257 119,257 – – 119,257 Finance receivables, net 24,684 – – 20,848 20,848 Accrued interest receivable 292 – – 292 292 Liabilities: Warehouse lines of credit $ 234,025 $ – $ – $ 234,025 $ 234,025 Accrued interest payable 7,928 – – 7,928 7,928 Securitization trust debt 2,265,446 – – 2,183,331 2,183,331 Subordinated renewable notes 17,188 – – 17,188 17,188 As of December 31, 2022 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 13,490 $ 13,490 $ – $ – $ 13,490 Restricted cash and equivalents 149,299 149,299 – – 149,299 Finance receivables, net 70,551 – – 60,063 60,063 Accrued interest receivable 649 – – 649 649 Liabilities: Warehouse lines of credit $ 285,328 $ – $ – $ 285,328 $ 285,328 Accrued interest payable 6,190 – – 6,190 6,190 Securitization trust debt 2,108,744 – – 1,957,995 1,957,995 Subordinated renewable notes 25,263 – – 25,263 25,263

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details - Other income) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other income for the period	$ 10,795	$ 9,189	$ 5,962
Third Party Portfoilo [Member]
Other income for the period	9,350	6,814	0
Direct Mail Revenues [Member]
Other income for the period	0	774	3,391
Sales Tax Refunds [Member]
Other income for the period	1,078	737	580
Other Income [Member]
Other income for the period	$ 367	$ 864	$ 1,991

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details - Earning per share) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Numerator for basic and diluted earnings per share	$ 45,343	$ 85,983	$ 47,524
Denominator for basic earnings per share - weighted average number of common shares outstanding during the year	20,896	20,958	22,562
Incremental common shares attributable to exercise of outstanding options and warrants	4,322	5,631	3,218
Denominator for diluted earnings per share	25,218	26,589	25,780
Basic earnings per share	$ 2.17	$ 4.10	$ 2.11
Diluted earnings per share	$ 1.80	$ 3.23	$ 1.84

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Product Information [Line Items]
Unrestricted cash	$ 6,174,000	$ 13,490,000
Portfolio value	12,000,000	15,300,000
Other assets	$ 25,861,000	$ 30,974,000
Incremental shares excluded from EPS calculation	1,700,000	1,200,000	5,700,000
Repossessed Vehicles [Member]
Product Information [Line Items]
Other assets	$ 125,000	$ 571,000
Unrestricted Cash [Member]
Product Information [Line Items]
Unrestricted cash	$ 6,200,000
TEXAS | Dealer concentration [Member] | Geographic Concentration Risk [Member]
Product Information [Line Items]
Concentration percentage	7.10%	7.80%
ILLINOIS | Dealer concentration [Member] | Geographic Concentration Risk [Member]
Product Information [Line Items]
Concentration percentage	6.90%	5.70%
OHIO | Dealer concentration [Member] | Geographic Concentration Risk [Member]
Product Information [Line Items]
Concentration percentage	6.20%	7.60%
CALIFORNIA | Dealer concentration [Member] | Geographic Concentration Risk [Member]
Product Information [Line Items]
Concentration percentage	6%	8.20%
FLORIDA | Dealer concentration [Member] | Geographic Concentration Risk [Member]
Product Information [Line Items]
Concentration percentage	5.40%	5.10%
PENNSYLVANIA | Dealer concentration [Member] | Geographic Concentration Risk [Member]
Product Information [Line Items]
Concentration percentage	5%	4.60%

Restricted Cash (Details Narrat

Restricted Cash (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 119,300,000	$ 149,300,000
Securitization Transactions [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 59,000,000	$ 56,800,000

Finance Receivables (Details -

Finance Receivables (Details - Components of Finance Receivables) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finance Receivables
Automobile finance receivables, net of unearned interest	$ 27,553	$ 92,304
Unearned acquisition fees, discounts and deferred origination costs, net	0	0
Finance receivables	$ 27,553	$ 92,304

Finance Receivables (Details _2

Finance Receivables (Details - Delinquency status) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	$ 27,553	$ 92,304
Financial Asset, 1 to 29 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	17,771	65,764
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	5,626	16,796
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	3,087	7,756
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	$ 1,069	$ 1,988

Finance Receivables (Details _3

Finance Receivables (Details - Amortized Cost Basis) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Amortized cost basis	$ 27,553	$ 92,304
Vintage Pool 2014 [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost basis	370	1,865
Vintage Pool 2015 [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost basis	1,788	8,627
Vintage Pool 2016 [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost basis	7,673	28,632
Vintage Pool 2017 [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost basis	$ 17,722	$ 53,180

Finance Receivables (Details _4

Finance Receivables (Details - Summary of activity) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finance Receivables
Balance at beginning of year	$ 21,753	$ 56,206	$ 80,790
Provision for credit losses on finance receivables	(22,300)	(28,100)	(14,590)
Charge-offs	(8,064)	(18,319)	(30,940)
Recoveries	11,480	11,966	20,946
Balance at end of year	$ 2,869	$ 21,753	$ 56,206

Finance Receivables (Details _5

Finance Receivables (Details - Charge-Offs for Financed Receivables) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Charge-offs	$ 8,064	$ 18,319	$ 30,940
Vintage Pool 2014 [Member]
Financing Receivable, Past Due [Line Items]
Charge-offs	325	963	3,640
Vintage Pool 2015 [Member]
Financing Receivable, Past Due [Line Items]
Charge-offs	1,031	3,047	9,816
Vintage Pool 2016 [Member]
Financing Receivable, Past Due [Line Items]
Charge-offs	3,266	6,586	13,330
Vintage Pool 2017 [Member]
Financing Receivable, Past Due [Line Items]
Charge-offs	4,294	8,271	14,073
Applied Against Repos In Inventory Member [Member]
Financing Receivable, Past Due [Line Items]
Charge-Offs for financed receivables applied	$ (852)	$ (548)
Charge-Offs for financed receivables applied			$ (9,919)

Finance Receivables (Details _6

Finance Receivables (Details - Repossessed inventory) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Finance Receivables
Gross balance of repossessions in inventory	$ 597	$ 1,894
Allowance for losses on repossessed inventory	(472)	(1,323)
Net repossessed inventory included in other assets	$ 125	$ 571

Finance Receivables (Details Na

Finance Receivables (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finance Receivables
Finance receivables, non accrual status	$ 1,100,000	$ 2,000,000
Allowance for finance credit losses	127,000,000
Credit losses on finance receivables	$ 22,300,000	$ 28,100,000	$ 14,600,000

Furniture and Equipment (Detail

Furniture and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	$ 10,329	$ 9,855
Less: accumulated depreciation and amortization	(8,957)	(8,195)
Furniture and equipment, net	1,372	1,660
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	1,936	1,936
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	6,823	6,349
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	$ 1,570	$ 1,570

Furniture and Equipment (Deta_2

Furniture and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 847,000	$ 1,618,000	$ 1,675,000

Securitization Trust Debt (Deta

Securitization Trust Debt (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Receivables Pledged	[1]	$ 2,635,113
Initial Principal		6,328,171
Outstanding Principal		2,280,021	$ 2,122,919
Securitization Trust Debt [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Securitization Trust Debt, payable in 2024		826,300,000
Securitization Trust Debt, payable in 2025		618,400,000
Securitization Trust Debt, payable in 2026		386,500,000
Securitization Trust Debt, payable in 2027		242,800,000
Securitization Trust Debt, payable in 2028		152,600,000
Securitization Trust Debt, payable in 2029		$ 38,800,000
CPS 2018-A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	March 2025
Receivables Pledged	[1]	$ 0
Initial Principal		190,000
Outstanding Principal		$ 0	12,939
Weighted Average Contractual Interest Rate		0%
CPS 2018-B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	December 2024
Receivables Pledged	[1]	$ 0
Initial Principal		201,823
Outstanding Principal		$ 0	17,077
Weighted Average Contractual Interest Rate		0%
CPS 2018-C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	September 2025
Receivables Pledged	[1]	$ 0
Initial Principal		230,275
Outstanding Principal		$ 0	20,222
Weighted Average Contractual Interest Rate		0%
CPS 2018-D [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	June 2025
Receivables Pledged	[1]	$ 0
Initial Principal		233,730
Outstanding Principal		$ 0	25,563
Weighted Average Contractual Interest Rate		0%
CPS 2019-A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	March 2026
Receivables Pledged	[1]	$ 0
Initial Principal		254,400
Outstanding Principal		$ 0	32,898
Weighted Average Contractual Interest Rate		0%
CPS 2019-B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	June 2026
Receivables Pledged	[1]	$ 20,167
Initial Principal		228,275
Outstanding Principal		$ 15,742	33,897
Weighted Average Contractual Interest Rate		6.03%
CPS 2019-C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	September 2026
Receivables Pledged	[1]	$ 24,448
Initial Principal		243,513
Outstanding Principal		$ 19,725	41,515
Weighted Average Contractual Interest Rate		5.05%
CPS 2019-D [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	December 2026
Receivables Pledged	[1]	$ 32,326
Initial Principal		274,313
Outstanding Principal		$ 27,445	53,625
Weighted Average Contractual Interest Rate		4.37%
CPS 2020-A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	March 2027
Receivables Pledged	[1]	$ 31,101
Initial Principal		260,000
Outstanding Principal		$ 26,382	52,705
Weighted Average Contractual Interest Rate		4.79%
CPS 2020-B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	June 2027
Receivables Pledged	[1]	$ 36,924
Initial Principal		202,343
Outstanding Principal		$ 24,197	41,736
Weighted Average Contractual Interest Rate		7.19%
CPS 2020-C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	November 2027
Receivables Pledged	[1]	$ 51,128
Initial Principal		252,200
Outstanding Principal		$ 43,487	72,894
Weighted Average Contractual Interest Rate		4%
CPS 2021-A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	March 2028
Receivables Pledged	[1]	$ 55,081
Initial Principal		230,545
Outstanding Principal		$ 39,039	72,076
Weighted Average Contractual Interest Rate		1.81%
CPS 2021-B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	June 2028
Receivables Pledged	[1]	$ 69,614
Initial Principal		240,000
Outstanding Principal		$ 55,684	101,206
Weighted Average Contractual Interest Rate		2.50%
CPS 2021 C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	September 2028
Receivables Pledged	[1]	$ 104,844
Initial Principal		291,000
Outstanding Principal		$ 85,563	147,593
Weighted Average Contractual Interest Rate		2.03%
CPS 2021 D [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	December  2028
Receivables Pledged	[1]	$ 143,579
Initial Principal		349,202
Outstanding Principal		$ 126,059	209,277
Weighted Average Contractual Interest Rate		2.53%
CPS 2022 A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	April 2029
Receivables Pledged	[1]	$ 158,852
Initial Principal		316,800
Outstanding Principal		$ 137,479	222,613
Weighted Average Contractual Interest Rate		2.78%
CPS 2022 B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	October 2029
Receivables Pledged	[1]	$ 243,310
Initial Principal		395,600
Outstanding Principal		$ 213,779	325,907
Weighted Average Contractual Interest Rate		4.83%
CPS 2022 C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	April 2030
Receivables Pledged	[1]	$ 278,732
Initial Principal		391,600
Outstanding Principal		$ 230,273	346,714
Weighted Average Contractual Interest Rate		5.78%
CPS 2022-D [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	June 2030
Receivables Pledged	[1]	$ 232,868
Initial Principal		307,018
Outstanding Principal		$ 205,583	292,461
Weighted Average Contractual Interest Rate		7.91%
CPS 2023-A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	August 2030
Receivables Pledged	[1]	$ 273,944
Initial Principal		324,768
Outstanding Principal		$ 231,906	0
Weighted Average Contractual Interest Rate		6.32%
CPS 2023-B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	November 2030
Receivables Pledged	[1]	$ 303,157
Initial Principal		332,885
Outstanding Principal		$ 268,172	0
Weighted Average Contractual Interest Rate		6.59%
CPS 2023-C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	February 2031
Receivables Pledged	[1]	$ 281,097
Initial Principal		291,732
Outstanding Principal		$ 257,568	0
Weighted Average Contractual Interest Rate		6.65%
CPS 2023-D [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[2]	May 2031
Receivables Pledged	[1]	$ 293,940
Initial Principal		286,149
Outstanding Principal		$ 271,939	$ 0
Weighted Average Contractual Interest Rate		7.22%
[1]Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets.[2]The Final Scheduled Payment Date represents final legal maturity of the securitization trust debt. Securitization trust debt is expected to become due and to be paid prior to those dates, based on amortization of the finance receivables pledged to the Trusts. Expected payments, which will depend on the performance of such receivables, as to which there can be no assurance, are $ 826.3 million 618.4 million 386.5 million 242.8 million 152.6 million 38.8 million

Securitization Trust Debt (De_2

Securitization Trust Debt (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Securitization Trust Debt
Debt issuance costs	$ 14,600,000	$ 14,200,000
Restricted cash under various agreements	$ 119,300,000	$ 149,300,000

Debt (Details - Debt outstandin

Debt (Details - Debt outstanding) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Warehouse lines of credit	$ 234,025	$ 285,328
Residual interest financing	49,875	49,623
Subordinated renewable notes	17,188	25,263
Total debt outstanding	$ 301,813	$ 363,141
Warehouse Lines Of Credit 1 [Member]
Line of Credit Facility [Line Items]
Interest rate	3.00% over CP yield rate (Minimum 3.75%) 8.58% and 7.48%	3.00% over CP yield rate (Minimum 3.75%) 8.58% and 7.48%
Maturity date description	July 2024
Warehouse lines of credit	$ 165,628	$ 150,293
Warehouse Lines Of Credit 2 [Member]
Line of Credit Facility [Line Items]
Interest rate	4.15% over a commercial paper rate (Minimum 5.15%) 9.63% and 8.60%	4.15% over a commercial paper rate (Minimum 5.15%) 9.63% and 8.60%
Maturity date description	January 2024
Warehouse lines of credit	$ 68,997	$ 137,585
Residual interest financing [Member]
Line of Credit Facility [Line Items]
Maturity date description	June 2026
Interest rate	7.86%
Residual interest financing	$ 50,000	$ 50,000
Subordinated renewable notes [Member]
Line of Credit Facility [Line Items]
Maturity date description	February 2026	October 2024
Debt Instrument, Interest Rate Terms	8.45%	7.82%
Subordinated renewable notes	$ 17,188	$ 25,263

Debt (Details - Debt maturity)

Debt (Details - Debt maturity) - Subordinated renewable notes [Member] $ in Thousands	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
2024	$ 5,373
2025	3,955
2026	4,066
2027	2,337
2028	235
Thereafter	1,222
Total	$ 17,188

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)		12 Months Ended
	Jun. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	May 11, 2012
Line of Credit Facility [Line Items]
Debt issuance costs		$ 599,000	$ 2,600,000
Line of credit outstanding facility amount		234,600,000	287,900,000
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
Residual interest financing balance		50,000,000
Residual Interest Financings [Member]
Line of Credit Facility [Line Items]
Unamortized debt issuance costs		125,000	$ 377,000
Agent Services L P [Member]
Line of Credit Facility [Line Items]
Line of credit outstanding facility amount		69,000,000
Warehouse Credit Facility [Member] | Citibank [Member]
Line of Credit Facility [Line Items]
Credit line maximum				$ 100,000,000
Long-term Line of Credit		$ 165,600,000

Shareholders' Equity (Details -

Shareholders' Equity (Details - Stock purchases) - Common Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Equity, Class of Treasury Stock [Line Items]
Total stock purchases, shares	1,976,356	4,139,664
Total stock purchases, average price per share	$ 10.26	$ 11.11
Open Market Purchases [Member]
Equity, Class of Treasury Stock [Line Items]
Total stock purchases, shares	670,968	3,246,511
Total stock purchases, average price per share	$ 10.20	$ 10.44
Shares Redeemed [Member]
Equity, Class of Treasury Stock [Line Items]
Total stock purchases, shares	1,305,388	893,153
Total stock purchases, average price per share	$ 10.29	$ 13.56
Other Share Repurchases [Member]
Equity, Class of Treasury Stock [Line Items]
Total stock purchases, shares	0	0
Total stock purchases, average price per share	$ 0	$ 0

Shareholders' Equity (Details_2

Shareholders' Equity (Details - Assumptions)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Expected life (years)	4 years	4 years
Risk-free interest rate	2.38%	0.49%
Volatility	76%	72%
Expected dividend yield	0%	0%

Shareholders' Equity (Details_3

Shareholders' Equity (Details - Option activity) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares options outstanding at the beginning of period	11,167
Number of shares options outstanding at the end of period	8,125
Number of shares options exercisable at the end of period	6,062	7,770
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares options outstanding at the beginning of period	11,167
Weighted average exercise options outstanding at the beginning of period	$ 5.21
Number of shares Granted	0
Weighted average exercise granted	$ 0
Number of shares Exercised	(3,020)
Weighted average exercise exercised	$ 5.49
Number of shares Forfeited/Expired	(22)
Weighted average exercise Forfeited/Expired	$ 4.12
Number of shares options outstanding at the end of period	8,125
Weighted average exercise options outstanding at the end of period	$ 5.11
Weighted average remaining contractual term, end of period	3 years 1 month 20 days
Number of shares options exercisable at the end of period	6,062
Weighted average exercise options exercisable at the end of period	$ 4.31
Weighted average remaining contractual term, exercisable at the end of period	2 years 7 months 2 days

Shareholders' Equity (Details_4

Shareholders' Equity (Details - Options outstanding and exercisable) - shares shares in Thousands	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	8,125	11,167
Number of shares, exercisable	6,062	7,770
$2.00 - $2.99 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,410	1,445
Number of shares, exercisable	1,082	775
$3.00 - $3.99 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	2,473	3,785
Number of shares, exercisable	2,473	3,495
$4.00 - $4.99 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	2,539	2,739
Number of shares, exercisable	1,929	1,802
$6.00 - $6.99 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	0	740
Number of shares, exercisable	0	740
$7.00 - $7.99 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	0	748
Number of shares, exercisable	0	748
$10.00 - $10.99 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,703	1,710
Number of shares, exercisable	578	210

Shareholders_ Equity (Details N

Shareholders’ Equity (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 5.42	$ 2.65
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum		75%	79%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum		80%	71%
Stock-based compensation expense	$ 3,500,000	$ 4,400,000	$ 2,000,000
Unrecognized stock-based compensation costs	$ 6,000,000
Weighted-average period for unrecognized costs	1 year 9 months 18 days
Intrinsic value options outstanding	$ 8,100,000	11,200,000
Intrinsic value of options exercisable	6,100,000	7,800,000
Intrinsic value of options exercised	14,500,000	$ 23,400,000
Proceeds from options exercised	$ 16,600,000
Plan 2006 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Options authorized under plan	22,200,000
Shares available for grant	2,684,000
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Repurchased and Retired During Period, Shares	1,976,356	4,139,664
Shares Acquired, Average Cost Per Share	$ 10.26	$ 11.11
Stock Repurchase Program, Authorized Amount	$ 35,000,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 1,500,000

Interest Income and Interest _3

Interest Income and Interest Expense (Details - Interest income) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest Income And Interest Expense
Interest on finance receivables	$ 15,567	$ 35,091	$ 69,783
Interest on finance receivables at fair value	307,543	268,621	196,461
Other interest income	6,109	1,525	22
Interest income	$ 329,219	$ 305,237	$ 266,266

Interest Income and Interest _4

Interest Income and Interest Expense (Details - Interest expense) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Interest expense	$ 146,631	$ 87,524	$ 75,239
Securitization Trust Debt [Member]
Debt Instrument [Line Items]
Interest expense	121,409	70,627	64,387
Warehouse Lines Of Credit [Member]
Debt Instrument [Line Items]
Interest expense	19,192	10,310	4,448
Residual interest financing [Member]
Debt Instrument [Line Items]
Interest expense	4,199	4,243	3,763
Subordinated renewable notes [Member]
Debt Instrument [Line Items]
Interest expense	$ 1,831	$ 2,344	$ 2,641

Income Taxes (Details - Income

Income Taxes (Details - Income tax expense) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Current federal tax expense	$ 7,122	$ 16,946	$ 8,992
Current state tax expense	2,613	3,352	2,845
Deferred federal tax expense	4,307	5,573	3,012
Deferred state tax expense	1,712	4,339	3,373
Income tax expense	$ 15,754	$ 30,210	$ 18,222

Income Taxes (Details - Tax rat

Income Taxes (Details - Tax rate effect) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Expense at federal tax rate	$ 12,830	$ 24,401	$ 13,807
State taxes, net of federal income tax effect	3,716	6,462	3,974
Stock-based compensation	(1,184)	(2,611)	(947)
Non-deductible expenses	1,629	1,056	1,129
Net operating loss carryback	0	0	(1,694)
Effect of change in tax rate	0	0	0
Accounting method change	0	0	0
Other	(1,237)	902	1,953
Income tax expense	$ 15,754	$ 30,210	$ 18,222

Income Taxes (Details - Deferre

Income Taxes (Details - Deferred taxes) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets:
Finance receivables	$ 895	$ 4,870
Accrued liabilities	1,423	1,708
NOL carryforwards	400	450
Built in losses	1,383	2,024
Pension accrual	0	0
Stock compensation	1,131	2,172
Lease liability	883	1,711
Other	0	0
Total deferred tax assets	6,115	12,935
Deferred Tax Liabilities:
Finance receivables	0	0
Deferred loan costs	0	0
Pension accrual	1,217	752
Lease right-of-use assets	(803)	(1,572)
Furniture and equipment and other	(359)	(434)
Total deferred tax liabilities	(2,379)	(2,758)
Net deferred tax asset	$ 3,736	$ 10,177

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	Dec. 31, 2023 USD ($)
Operating Loss Carryforwards [Line Items]
Net deferred tax asset	$ 3,700,000
Federal [Member]
Operating Loss Carryforwards [Line Items]
Net deferred tax asset	2,300,000
State [Member]
Operating Loss Carryforwards [Line Items]
Net deferred tax asset	1,400,000
Net operating loss carryforward	$ 6,600,000

Commitments and Contingencies_2

Commitments and Contingencies (Details - Supplemental balance sheet information related to leases) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
Operating lease right-of-use assets	$ 29,575	$ 28,397
Less: Accumulated amortization right-of-use assets	(26,651)	(22,613)
Operating lease right-of-use assets, net	2,924	5,784
Operating lease liabilities	(3,220)	(6,234)
Finance Leases
Property and equipment, at cost	3,474	3,407
Less: Accumulated depreciation	(3,385)	(3,301)
Property and equipment, net	89	106
Finance lease liabilities	$ (93)	$ (177)
Operating lease	5%	5%
Finance lease	6.50%	6.50%

Commitments and Contingencies_3

Commitments and Contingencies (Details - Maturities of lease liabilities) $ in Thousands	Dec. 31, 2023 USD ($)
Operating Lease [Member]
2024	$ 1,787
2025	737
2026	455
2027	452
2028	452
Thereafter	113
Total undiscounted lease payments	3,996
Less amounts representing interest	(776)
Lease Liability	3,220
Finance Lease [Member]
2024	41
2025	25
2026	15
2027	15
2028	4
Thereafter	0
Total undiscounted lease payments	100
Less amounts representing interest	(7)
Lease Liability	$ 93

Commitments and Contingencies_4

Commitments and Contingencies (Details - Lease cost) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 5,547	$ 6,650	$ 7,184
Finance lease cost	158	987	1,229
Total lease cost	$ 5,705	$ 7,637	$ 8,413

Commitments and Contingencies_5

Commitments and Contingencies (Details - Lease - Cash flow) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 5,547	$ 7,056	$ 7,474
Operating cash flows from finance leases	152	948	1,118
Financing cash flows from finance leases	$ 6	$ 40	$ 111

Commitments and Contingencies_6

Commitments and Contingencies (Details Narrative) - USD ($)	1 Months Ended
	Aug. 31, 2023	Sep. 30, 2021	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Settlement claims	$ 1,100,000
Legal payments made		$ 1,240,000
Ffees and costs of trustee		$ 75,000
Probably losses for legal contingencies			$ 3,600,000
Maximum possible losses for legal proceedings and contingencies			$ 5,600,000

Employee Benefits (Details - Re

Employee Benefits (Details - Reconciliation) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Projected benefit obligation, beginning of year	$ 15,952	$ 22,280
Interest cost	753	579	$ 553
Assumption changes	(3)	(5,450)
Actuarial (gain) loss	(271)	85
Settlements	0	(716)
Benefits paid	(954)	(826)
Projected benefit obligation, end of year	15,477	15,952	22,280
Fair value of plan assets, beginning of year	18,768	26,098
Return on assets	2,347	(5,702)
Employer contribution	0	0
Expenses	(113)	(86)
Settlements	0	(716)
Benefits paid	(954)	(826)
Fair value of plan assets, end of year	20,048	18,768	$ 26,098
Funded Status at end of year	$ 4,571	$ 2,816

Employee Benefits (Details - We

Employee Benefits (Details - Weighted average assumptions)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Discount rate	4.68%	4.87%
Discount rate	4.87%	2.65%
Expected return on plan assets	7%	7.25%

Employee Benefits (Details - Am

Employee Benefits (Details - Amounts recognized) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Amounts recognized on Consolidated Balance Sheet
Other assets	$ 4,571	$ 2,816	$ 3,818
Other liabilities	0	0	0
Net amount recognized	4,571	2,816	3,818
Amounts recognized in accumulated other comprehensive loss consists of:
Net loss	4,130	5,716	3,794
Unrecognized transition asset	0	0	0
Net amount recognized	4,130	5,716	3,794
Components of net periodic benefit cost
Interest cost	753	579	553
Expected return on assets	(1,280)	(1,860)	(1,301)
Amortization of transition asset	0	0	0
Amortization of net  loss	358	105	896
Net periodic benefit cost	(169)	(1,176)	148
Settlement (gain)/loss	0	256	(865)
Total	(169)	(920)	(717)
Benefit Obligation Recognized in Other Comprehensive Loss (Income)
Net loss (gain)	(1,755)	1,003	(9,503)
Prior service cost (credit)	0	0	0
Amortization of prior service cost	0	0	0
Net amount recognized in other comprehensive loss (income)	$ (1,755)	$ 1,003	$ (9,503)

Employee Benefits (Details - As

Employee Benefits (Details - Asset allocation)	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Weighted Average Asset Allocation at Year-End	100%	100%
Equity Securities [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Weighted Average Asset Allocation at Year-End	87%	87%
Debt Securities [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Weighted Average Asset Allocation at Year-End	13%	13%
Cash and Cash Equivalents [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Weighted Average Asset Allocation at Year-End	0%	0%

Employee Benefits (Details - Es

Employee Benefits (Details - Estimated future benefit payments) $ in Thousands	Dec. 31, 2023 USD ($)
Retirement Benefits [Abstract]
2024	$ 1,268
2025	1,185
2026	1,280
2027	1,201
2028	1,119
Years 2029 - 2033	5,917
Anticipated Contributions in 2024	$ 0

Employee Benefits (Details - Fa

Employee Benefits (Details - Fair value of plan assets) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 20,048	$ 18,768	$ 26,098
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	8,308	7,848
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	11,740	10,920
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Company Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		8,308	7,848
Company Common Stock [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	8,308	7,848
Company Common Stock [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	0	0
Company Common Stock [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Large Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		2,121	2,037
Large Cap Value [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Large Cap Value [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	2,121	2,037
Large Cap Value [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Mid Cap Index [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		606	594
Mid Cap Index [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Mid Cap Index [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	606	594
Mid Cap Index [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Small Cap Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		604	546
Small Cap Growth [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Small Cap Growth [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	604	546
Small Cap Growth [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Small Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		596	588
Small Cap Value [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Small Cap Value [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	596	588
Small Cap Value [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Large Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		638	560
Large Cap Blend [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Large Cap Blend [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	638	560
Large Cap Blend [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		2,278	1,843
Growth [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Growth [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	2,278	1,843
Growth [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
International Growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		2,330	2,251
International Growth [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
International Growth [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	2,330	2,251
International Growth [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Core Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		1,763	1,658
Core Bond [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Core Bond [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	1,763	1,658
Core Bond [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
High Yield [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		351	347
High Yield [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
High Yield [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	351	347
High Yield [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Inflation Protected Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		437	433
Inflation Protected Bond [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Inflation Protected Bond [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	437	433
Inflation Protected Bond [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0	0
Money Market [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		16	63
Money Market [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Money Market [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	16	63
Money Market [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	$ 0	$ 0
[1]Company common stock is classified as level 1 and valued using quoted prices in active markets for identical assets.[2]All other plan assets in stock, bond and money market funds are classified as level 2 and valued using significant observable inputs.[3]There are no plan assets classified as level 3 in the fair value hierarchy as a result of having significant unobservable inputs.

Employee Benefits (Details Narr

Employee Benefits (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Employees contributions	$ 2,000
401(k) plan contributions	$ 1,400,000	$ 1,300,000	$ 1,300,000
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-Term Rate of Return on Plan Assets	7%	7.25%
Estimated net loss amortized into net periodic benefit cost	$ 400,000

Fair Value Measurements (Detail

Fair Value Measurements (Details - Reconciliation of Finance Receivables) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Balance at beginning of period	$ 2,476,617	$ 1,749,098
Finance receivables at fair value acquired during period	1,251,020	1,673,166	$ 1,107,537
Payments received on finance receivables at fair value	(823,434)	(825,783)
Net interest income accretion on fair value receivables	(193,541)	(135,147)	(134,020)
Mark to fair value	12,000	15,283
Balance at end of period	$ 2,722,662	$ 2,476,617	$ 1,749,098

Fair Value Measurements (Deta_2

Fair Value Measurements (Details - Finance Receivables to Their Contractual Balances) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Finance receivables contractual balance	$ 2,941,915	$ 2,701,184
Finance receivables measured at fair value	$ 2,722,662	$ 2,476,617	$ 1,749,098

Fair Value Measurements (Deta_3

Fair Value Measurements (Details - Level 3 Fair Value Measurements) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Receivables, Fair Value Disclosure	$ 2,722,662	$ 2,476,617	$ 1,749,098
Discount Rate on Finance Receivables	11.0%-11.7%	11.0%-11.3%
Cumulative Net Losses (Percent) on Finance Receivables	10.0%-21.7%	13.4%-19.4%

Fair Value Measurements (Deta_4

Fair Value Measurements (Details - Delinquency status) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Finance receivables	$ 2,941,915	$ 2,701,184
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables	2,520,158	2,375,271
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables	204,574	184,968
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables	101,057	72,390
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables	49,541	29,048
Repossessed Vehicles [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables	$ 66,585	$ 39,507

Fair Value Measurements (Deta_5

Fair Value Measurements (Details - Fair values) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	$ 6,174	$ 13,490
Restricted cash and equivalents	119,257	149,299
Finance receivables, net	20,848	60,063
Accrued interest receivable	292	649
Warehouse lines of credit	234,025	285,328
Accrued interest payable	7,928	6,190
Securitization trust debt	2,183,331	1,957,995
Subordinated renewable notes	17,188	25,263
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	6,174	13,490
Restricted cash and equivalents	119,257	149,299
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	20,848	60,063
Accrued interest receivable	292	649
Warehouse lines of credit	234,025	285,328
Accrued interest payable	7,928	6,190
Securitization trust debt	2,183,331	1,957,995
Subordinated renewable notes	17,188	25,263
Carrying Value [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	6,174	13,490
Restricted cash and equivalents	119,257	149,299
Finance receivables, net	24,684	70,551
Accrued interest receivable	292	649
Warehouse lines of credit	234,025	285,328
Accrued interest payable	7,928	6,190
Securitization trust debt	2,265,446	2,108,744
Subordinated renewable notes	$ 17,188	$ 25,263

Fair Value Measurements (Deta_6

Fair Value Measurements (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Inventory [Line Items]
Gross balance of repossessions in inventory	$ 597,000	$ 1,894,000
Allowance for losses on repossessed inventory	$ 472,000
Recovery rate	20%
Fair value and carrying amount of repossessed vehicles	$ 125,000
Net repossessed inventory included in other assets	125,000	571,000
Fair valuation adjustment of repossessed inventory		1,300,000
Inventories [Member]
Inventory [Line Items]
Net repossessed inventory included in other assets		$ 1,900,000
Vehicles [Member]
Inventory [Line Items]
Gross balance of repossessions in inventory	$ 597,000