Consumer Portfolio Services (CPSS) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-11416
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 Parkway
Entity Address, Address Line Two	Suite 1400
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 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 Common Stock, Shares Outstanding		21,405,198

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 8,071	$ 6,174
Restricted cash and equivalents	270,981	119,257
Finance receivables measured at fair value	3,132,310	2,722,662
Finance receivables	8,274	27,553
Less: Allowance for finance credit losses	(486)	(2,869)
Finance receivables, net	7,788	24,684
Furniture and equipment, net	1,078	1,372
Deferred tax assets, net	1,565	3,736
Other assets	40,899	25,861
Total assets	3,462,692	2,903,746
Liabilities
Accounts payable and accrued expenses	72,626	62,544
Warehouse lines of credit	105,783	234,025
Residual interest financing	99,127	49,875
Securitization trust debt	2,875,777	2,265,446
Subordinated renewable notes	24,288	17,188
Total liabilities	3,177,601	2,629,078
COMMITMENTS AND CONTINGENCIES
Shareholders' Equity
Common stock, no par value; authorized 75,000,000 shares; 21,405,198 and 21,174,856 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	25,043	28,678
Retained earnings	261,915	247,857
Accumulated other comprehensive loss	(1,867)	(1,867)
Total shareholders' equity	285,091	274,668
Total liabilities and shareholders' equity	3,462,692	2,903,746
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

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
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	21,405,198	21,174,856
Common stock, shares outstanding	21,405,198	21,174,856
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

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Interest income	$ 93,158	$ 83,261	$ 265,812	$ 245,960
Mark to finance receivables measured at fair value	5,500	6,000	16,000	6,000
Other income	1,922	2,818	6,391	8,077
Total revenues	100,580	92,079	288,203	260,037
Expenses:
Employee costs	24,162	21,812	72,303	64,991
General and administrative	13,276	13,045	40,288	36,224
Interest	50,056	37,889	138,735	106,354
Provision for credit losses	(994)	(2,000)	(4,579)	(20,700)
Sales	5,723	5,330	16,476	16,517
Occupancy	1,292	1,586	4,250	4,756
Depreciation and amortization	214	199	650	642
Total expenses	93,729	77,861	268,123	208,784
Income before income tax expense	6,851	14,218	20,080	51,253
Income tax expense	2,055	3,839	6,022	13,097
Net income	$ 4,796	$ 10,379	$ 14,058	$ 38,156
Earnings per share:
Basic	$ 0.22	$ 0.49	$ 0.66	$ 1.83
Diluted	$ 0.20	$ 0.41	$ 0.58	$ 1.51
Number of shares used in computing earnings per share:
Basic	21,343	21,154	21,250	20,815
Diluted	24,153	25,218	24,340	25,331

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net income	$ 4,796	$ 10,379	$ 14,058	$ 38,156
Other comprehensive income/(loss); change in funded status of pension plan	0	0	0	0
Comprehensive income	$ 4,796	$ 10,379	$ 14,058	$ 38,156

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 14,058	$ 38,156
Adjustments to reconcile net income to net cash provided by operating activities:
Net interest income accretion on fair value receivables	164,394	143,949
Depreciation and amortization	650	642
Amortization of deferred financing costs	7,740	7,264
Mark to finance receivables measured at fair value	(16,000)	(6,000)
Provision for credit losses	(4,579)	(20,700)
Stock-based compensation expense	2,368	2,634
Changes in assets and liabilities:
Deferred tax assets, net	2,171	4,414
Other assets	(15,126)	4,671
Accounts payable and accrued expenses	10,082	6,888
Net cash provided by operating activities	165,758	181,918
Cash flows from investing activities:
Payments received on finance receivables held for investment	21,475	56,986
Purchases of finance receivables measured at fair value	(1,195,886)	(958,587)
Payments received on finance receivables at fair value	637,844	625,715
Change in repossessions held in inventory	88	411
Purchase of furniture and equipment	(356)	(277)
Net cash used in investing activities	(536,835)	(275,752)
Cash flows from financing activities:
Proceeds from issuance of securitization trust debt	1,453,921	949,385
Proceeds from issuance of subordinated renewable notes	8,784	0
Payments on subordinated renewable notes	(1,684)	(6,100)
Net proceeds from (repayments of) warehouse lines of credit	(125,566)	(46,407)
Net Proceeds from (repayment of) residual interest financing debt	50,000	0
Repayment of securitization trust debt	(840,480)	(814,473)
Payment of financing costs	(14,274)	(5,984)
Purchase of common stock	(12,828)	(19,116)
Exercise of options and warrants	6,825	15,833
Net cash provided by financing activities	524,698	73,138
Increase in cash and cash equivalents	153,621	(20,696)
Cash and restricted cash at beginning of period	125,431	162,789
Cash and restricted cash at end of period	279,052	142,093
Supplemental disclosure of cash flow information:
Interest	129,335	97,812
Income taxes	9,552	4,389
Non-cash financing activities:
Right-of-use asset, net	(21,008)	(3,983)
Lease liability	22,944	4,307
Deferred office rent	$ (1,936)	$ (324)

UNAUDITED CONDENSED CONSOLIDA_6

UNAUDITED CONDENSED 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, shares at Dec. 31, 2022	20,131
Beginning balance, value at Dec. 31, 2022	$ 28,906	$ 202,514	$ (3,031)
Pension benefit obligation
Common stock issued upon exercise of options and warrants, shares	2,832
Common stock issued upon exercise of options and warrants	$ 15,833
Repurchase of common stock, shares	(1,850)
Repurchase of common stock	$ (19,116)
Stock-based compensation	$ 2,634
Net income		38,156		38,156
Ending balance, shares at Sep. 30, 2023	21,113
Ending balance, value at Sep. 30, 2023	$ 28,257	240,670	(3,031)	265,896
Beginning balance, shares at Jun. 30, 2023	21,152
Beginning balance, value at Jun. 30, 2023	$ 27,937	230,291	(3,031)
Pension benefit obligation
Common stock issued upon exercise of options and warrants, shares	27
Common stock issued upon exercise of options and warrants	$ 155
Repurchase of common stock, shares	(66)
Repurchase of common stock	$ (652)
Stock-based compensation	$ 817
Net income		10,379		10,379
Ending balance, shares at Sep. 30, 2023	21,113
Ending balance, value at Sep. 30, 2023	$ 28,257	240,670	(3,031)	265,896
Beginning balance, shares at Dec. 31, 2023	21,175
Beginning balance, value at Dec. 31, 2023	$ 28,678	247,857	(1,867)	274,668
Pension benefit obligation
Common stock issued upon exercise of options and warrants, shares	1,700
Common stock issued upon exercise of options and warrants	$ 6,825
Repurchase of common stock, shares	(1,470)
Repurchase of common stock	$ (12,828)
Stock-based compensation	$ 2,368
Net income		14,058		14,058
Ending balance, shares at Sep. 30, 2024	21,405
Ending balance, value at Sep. 30, 2024	$ 25,043	261,915	(1,867)	285,091
Beginning balance, shares at Jun. 30, 2024	21,305
Beginning balance, value at Jun. 30, 2024	$ 25,062	257,119	(1,867)
Pension benefit obligation
Common stock issued upon exercise of options and warrants, shares	272
Common stock issued upon exercise of options and warrants	$ 910
Repurchase of common stock, shares	(172)
Repurchase of common stock	$ (1,656)
Stock-based compensation	$ 727
Net income		4,796		4,796
Ending balance, shares at Sep. 30, 2024	21,405
Ending balance, value at Sep. 30, 2024	$ 25,043	$ 261,915	$ (1,867)	$ 285,091

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ 4,796	$ 10,379	$ 14,058	$ 38,156

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Insider Trading Arrangements [Line Items]
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	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(1) Summary of Significant Accounting Policies Description of Business We were formed in California on March 8, 1991. We specialize in purchasing and servicing retail automobile installment sale contracts (“automobile contracts” or “finance receivables”) originated by licensed motor vehicle dealers located throughout the United States (“dealers”) in the sale of new and used automobiles, light trucks and passenger vans. Through our purchases, we provide indirect financing to dealer customers for borrowers with limited credit histories or past credit problems (“sub-prime customers”). We serve as an alternative source of financing for dealers, allowing sales to customers who otherwise might not be able to obtain financing. In addition to purchasing installment purchase contracts directly from dealers, we have also (i) lent money directly to consumers for loans secured by vehicles, (ii) purchased immaterial amounts of vehicle purchase money loans from non-affiliated lenders, and (iii) acquired installment purchase contracts in four merger and acquisition transactions. In this report, we refer to all of such contracts and loans as "automobile contracts." Basis of Presentation Our Unaudited Condensed Consolidated Financial Statements have been prepared in conformity with accounting principles generally accepted in the United States of America, with the instructions to Form 10-Q and with Article 10 of Regulation S-X of the Securities and Exchange Commission, and include all adjustments that are, in management’s opinion, necessary for a fair presentation of the results for the interim periods presented. All such adjustments are, in the opinion of management, of a normal recurring nature. Results for the nine-month period ended September 30, 2024 are not necessarily indicative of the operating results to be expected for the full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted from these Unaudited Condensed Consolidated Financial Statements. These Unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2023. 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. 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. 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. Other Income The following table presents the primary components of Other Income for the three-month and nine-month periods ending September 30, 2024 and 2023: Schedule of other income Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Origination and servicing fees from third party receivables $ 1,647 $ 2,546 $ 5,485 $ 7,207 Sales tax refunds 254 256 803 780 Other 21 16 103 90 Other income for the period $ 1,922 $ 2,818 $ 6,391 $ 8,077 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. The following table presents the supplemental balance sheet information related to leases: Schedule of supplemental balance sheet information related to leases September 30, December 31, 2024 2023 (In thousands) Operating Leases Operating lease right-of-use assets $ 51,093 $ 29,575 Less: Accumulated amortization right-of-use assets (30,419 ) (26,651 ) Operating lease right-of-use assets, net $ 20,674 $ 2,924 Operating lease liabilities $ (22,601 ) $ (3,220 ) Finance Leases Property and equipment, at cost $ 3,794 $ 3,474 Less: Accumulated depreciation (3,460 ) (3,385 ) Property and equipment, net $ 334 $ 89 Finance lease liabilities $ (343 ) $ (93 ) 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 lease liabilities (In thousands) Operating Finance Year Ending December 31, Lease Lease 2024 (excluding the nine months ended September 30, 2024) $ 1,216 $ 33 2025 5,233 128 2026 5,084 118 2027 5,242 61 2028 5,408 30 Thereafter 4,747 10 Total undiscounted lease payments 26,930 380 Less amounts representing interest (4,329 ) (37 ) Lease Liability $ 22,601 $ 343 The following table presents the lease expense included in General and administrative and Occupancy expense on our Unaudited Condensed Consolidated Statement of Operations: Schedule of lease cost Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Operating lease cost $ 1,311 $ 1,410 $ 3,996 $ 4,181 Finance lease cost 34 18 82 144 Total lease cost $ 1,345 $ 1,428 $ 4,078 $ 4,325 The following table presents the supplemental cash flow information related to leases: Schedule of supplemental cash flow information related to leases Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: (In thousands) (In thousands) Operating cash flows from operating leases $ 1,311 $ 1,410 $ 3,996 $ 4,181 Operating cash flows from finance leases $ 29 $ 17 $ 70 $ 139 Financing cash flows from finance leases $ 6 $ 1 $ 13 $ 5 Stock-based Compensation We recognize compensation costs in the financial statements for all share-based payments based on the grant date fair value estimated in accordance with the provisions of ASC 718 “Stock Compensation”. For the three and nine months ended September 30, 2024, we recorded stock-based compensation costs in the amount of $ 727,000 2.4 816,000 2.6 3.7 1.3 The following represents stock option activity for the nine months ended September 30, 2024: Schedule of stock option activity Weighted Number of Weighted Average Shares Average Remaining (in thousands) Exercise Price Contractual Term Options outstanding at the beginning of period 8,125 $ 5.11 N/A Granted – – N/A Exercised (1,700 ) 4.01 N/A Forfeited (270 ) 5.30 N/A Options outstanding at the end of period 6,155 $ 5.41 2.91 Options exercisable at the end of period 5,145 $ 4.75 2.63 The following table presents the price distribution of stock options outstanding and exercisable for the years ended September 30, 2024 and December 31, 2023: Schedule of price distribution of stock options outstanding and exercisable Number of shares as of Number of shares as of September 30, 2024 December 31, 2023 Outstanding Exercisable Outstanding Exercisable (In thousands) (In thousands) Range of exercise prices: $2.00 - $2.99 1,205 1,205 1,410 1,082 $3.00 - $3.99 2,046 2,046 2,473 2,473 $4.00 - $4.99 1,262 972 2,539 1,929 $10.00 - $10.99 1,642 922 1,703 578 Total shares 6,155 5,145 8,125 6,062 At September 30, 2024 the aggregate intrinsic value of options outstanding and exercisable was $ 25.9 24.6 1.7 2.8 8 13.5 2,954,000 Purchases of Company Stock The table below describes the purchase of our common stock for the nine-month ended September 30, 2024 and 2023: Schedule of purchase of our common stock Nine Months Ended September 30, 2024 September 30, 2023 Shares Avg. Price Shares Avg. Price Open market purchases 473,202 $ 8.67 625,887 $ 11.20 Shares redeemed upon net exercise of stock options 876,456 8.66 1,224,673 13.56 Other 120,000 9.49 – – Total stock purchases 1,469,658 $ 8.73 1,850,560 $ 11.80 Reclassifications Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on net income or shareholders’ equity. Financial Covenants Certain of our securitization transactions, our warehouse credit facilities and our residual interest financing contain various financial covenants requiring minimum financial ratios and results. Such covenants include maintaining minimum levels of liquidity and net worth and not exceeding maximum leverage levels. As of September 30, 2024, we were in compliance with all such covenants. In addition, certain of our debt agreements other than our term securitizations contain cross-default provisions. Such cross-default provisions would allow the respective creditors to declare a default if an event of default occurred with respect to other indebtedness of ours, but only if such other event of default were to be accompanied by acceleration of such other indebtedness. 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. Recent Accounting Pronouncements 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.

Finance Receivables

Finance Receivables	9 Months Ended
	Sep. 30, 2024
Finance Receivables
Finance Receivables	(2) 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. 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 September 30, 2024 and December 31, 2023: Schedule of delinquency status of finance receivables September 30, December 31, 2024 2023 (In thousands) Delinquency Status Current $ 4,687 $ 17,771 31-60 days 1,900 5,626 61-90 days 1,316 3,087 91 + days 371 1,069 $ 8,274 $ 27,553 Finance receivables totaling $ 371,000 1.1 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 September 30, 2024 and December 31, 2023. Schedule of finance receivables by annual vintage September 30, December 31, 2024 2023 (In thousands) Annual Vintage Pool 2014 and prior $ 93 $ 370 2015 435 1,788 2016 2,101 7,673 2017 5,645 17,722 $ 8,274 $ 27,553 The following table presents a summary of the activity for the allowance for finance credit losses for the three-month and nine-month periods ended September 30, 2024 and 2023: Schedule of allowance for finance credit losses Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Balance at beginning of period $ 684 $ 5,721 $ 2,869 $ 21,753 Provision for credit losses on finance receivables (994 ) (2,000 ) (4,579 ) (20,700 ) Charge-offs (544 ) (1,477 ) (1,976 ) (6,391 ) Recoveries 1,340 1,984 4,172 9,566 Balance at end of period $ 486 $ 4,228 $ 486 $ 4,228 The following table presents the gross charge-offs by year of origination of our finance receivables for the three-month and nine-month ended September 30, 2024 and 2023: Schedule of gross charge-off Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Annual Vintage Pool 2014 and prior $ 69 $ 43 $ 249 $ 251 2015 60 129 242 870 2016 145 568 790 2,602 2017 446 948 972 3,548 Applied against repos in inventory (net) (176 ) (211 ) (277 ) (880 ) $ 544 $ 1,477 $ 1,976 $ 6,391 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 in repossessed inventory that is not included in the allowance for finance credit losses: Schedule of allowance for losses in repossessed inventory September 30, December 31, 2024 2023 (In thousands) Gross balance of repossessions in inventory $ 233 $ 597 Allowance for losses on repossessed inventory (195 ) (472 ) Net repossessed inventory included in other assets $ 38 $ 125

Securitization Trust Debt

Securitization Trust Debt	9 Months Ended
	Sep. 30, 2024
Securitization Trust Debt
Securitization Trust Debt	(3) Securitization Trust Debt We have completed many securitization transactions that are structured as secured borrowings for financial accounting purposes. The debt issued in these transactions is shown on our Unaudited Condensed 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 September 30, Initial September 30, December 31, September 30, Series Date (1) 2024 (2) Principal 2024 2023 2024 (Dollars in thousands) CPS 2019-B June 2026 $ – $ 228,275 $ – $ 15,742 – CPS 2019-C September 2026 – 243,513 – 19,725 – CPS 2019-D December 2026 – 274,313 – 27,445 – CPS 2020-A March 2027 – 260,000 – 26,382 – CPS 2020-B June 2027 22,376 202,343 14,713 24,197 7.38 CPS 2020-C November 2027 32,459 252,200 27,676 43,487 4.68 CPS 2021-A March 2028 36,454 230,545 25,947 39,039 2.14 CPS 2021-B June 2028 47,359 240,000 36,486 55,684 3.07 CPS 2021-C September 2028 72,712 291,000 56,495 85,563 2.34 CPS 2021-D December 2028 99,030 349,202 82,400 126,059 3.09 CPS 2022-A April 2029 111,547 316,800 90,679 137,479 3.23 CPS 2022-B October 2029 175,458 395,600 149,736 213,779 5.46 CPS 2022-C April 2030 206,276 391,600 160,019 230,273 6.35 CPS 2022-D June 2030 174,044 307,018 150,809 205,583 8.57 CPS 2023-A August 2030 207,876 324,768 164,803 231,906 6.64 CPS 2023-B November 2030 228,550 332,885 193,019 268,172 6.85 CPS 2023-C February 2031 218,498 291,732 194,436 257,568 6.82 CPS 2023-D May 2031 235,473 286,149 212,009 271,939 7.45 CPS 2024-A August 2031 249,646 280,924 227,163 – 6.16 CPS 2024-B November 2031 305,382 319,871 283,906 – 6.32 CPS 2024-C March 2032 435,745 436,310 406,350 – 6.19 CPS 2024-D June 2032 295,408 436,310 416,816 – 5.16 – $ 3,154,293 $ 6,691,358 $ 2,893,462 $ 2,280,021 _________________ (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 $ 262.7 1,003.5 686.9 460.9 288.5 134.8 38.5 (2) Includes repossessed assets that are included in Other assets on our Unaudited Condensed Consolidated Balance Sheet. Debt issuance costs of $ 17.7 14.6 All of the securitization trust debt was sold in private placement transactions to qualified institutional buyers. The debt was issued through our wholly-owned bankruptcy remote subsidiaries and is secured by the assets of such subsidiaries, but not by our other assets. The terms of the securitization agreements related to the issuance of the securitization trust debt and the warehouse credit facilities require that we meet certain delinquency and credit loss criteria with respect to the pool of receivables, and certain of the agreements require that we maintain minimum levels of liquidity and not exceed maximum leverage levels. As of September 30, 2024, we were in compliance with all such covenants. We are responsible for the administration and collection of the automobile contracts. The securitization agreements also require certain funds be held in restricted cash accounts to provide additional collateral for the borrowings, to be applied to make payments on the securitization trust debt or as pre-funding proceeds from a term securitization prior to the purchase of additional collateral. As of September 30, 2024, restricted cash under the various agreements totaled approximately $271.0 million. Interest expense on the securitization trust debt consists of the stated rate of interest plus amortization of additional costs of borrowing. Additional costs of borrowing include facility fees, amortization of deferred financing costs and discounts on notes sold. Deferred financing costs and discounts on notes sold related to the securitization trust debt are amortized using a level yield method. Accordingly, the effective cost of the securitization trust debt is greater than the contractual rate of interest disclosed above. 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 credit facilities. 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 other creditors.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	(4) Debt The terms and amounts of our other debt outstanding at September 30, 2024 and December 31, 2023 are summarized below: Schedule of debt outstanding Amount Outstanding at September 30, December 31, 2024 2023 (In thousands) Description Interest Rate Maturity Warehouse lines of credit 3.00% over CP yield rate (Minimum 3.75%) 8.27% and 8.58% July 2026 $ 109,059 $ 165,628 4.50% over a commercial paper rate (Minimum 7.50%) 9.60% and 9.63% March 2026 – 68,997 Residual interest financing 7.86 June 2026 50,000 50,000 Residual interest financing 11.50 March 2029 50,000 – Subordinated renewable notes Weighted average rate of 9.22 8.45 Weighted average maturity of October 2026 February 2026 24,288 17,188 $ 233,347 $ 301,813 On July 11, 2024, we renewed our two-year $ 200 109.1 On March 29, 2024, we renewed our two-year $ 200 no On March 22, 2024, we completed a $ 50 50 50 Unamortized debt issuance costs of $ 873,000 125,000 3.3 599,000

Interest Income and Interest Ex

Interest Income and Interest Expense	9 Months Ended
	Sep. 30, 2024
Interest Income And Interest Expense
Interest Income and Interest Expense	(5) Interest Income and Interest Expense The following table presents the components of interest income: Schedule of interest income Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Interest on finance receivables $ 1,516 $ 3,769 $ 5,634 $ 12,809 Interest on finance receivables at fair value 89,942 77,848 255,546 228,641 Other interest income 1,700 1,644 4,632 4,510 Interest income $ 93,158 $ 83,261 $ 265,812 $ 245,960 The following table presents the components of interest expense: Schedule of interest expense Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Securitization trust debt $ 42,998 $ 31,734 $ 116,859 $ 87,258 Warehouse lines of credit 4,000 4,665 14,022 14,521 Residual interest financing 2,477 1,050 6,225 3,149 Subordinated renewable notes 581 440 1,629 1,426 Interest expense $ 50,056 $ 37,889 $ 138,735 $ 106,354

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings per share:
Earnings Per Share	(6) Earnings Per Share Earnings per share for the three-month and nine-month periods ended September 30, 2024 and 2023 were calculated using the weighted average number of shares outstanding for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings per share for the three-month and nine-month periods ended September 30, 2024 and 2023: Schedule of earnings per share Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Weighted average number of common shares outstanding during the period used to compute basic earnings per share 21,343 21,154 21,250 20,815 Incremental common shares attributable to exercise of outstanding options and warrants 2,810 4,064 3,090 4,516 Weighted average number of common shares used to compute diluted earnings per share 24,153 25,218 24,340 25,331 If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three-month and nine-month periods ended September 30, 2024 would have included an additional 1.6 1.7 1.5

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	(7) Income Taxes We file numerous consolidated and separate income tax returns with the United States and with many states. With few exceptions, we are no longer subject to U.S. federal, state, or local examinations by tax authorities for years before 2015. As of September 30, 2024 and December 31, 2023, we had no unrecognized tax benefits for uncertain tax positions. We do not anticipate that total unrecognized tax benefits will significantly change due to any settlements of audits or expirations of statutes of limitations over the next 12 months. 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. 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 judgments, 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 $ 1.6 1.6 667,000 898,000 Income tax expense was $ 2.1 6 30 3.8 13.1 27 26

Legal Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	(8) Legal Proceedings Consumer Litigation. We are routinely involved in various legal proceedings resulting from our consumer finance activities and practices, both continuing and discontinued. Consumers can and do initiate lawsuits against us alleging violations of law applicable to collection of receivables, and such lawsuits sometimes allege that resolution as a class action is appropriate. For the most part, we have legal and factual defenses to consumer claims, which we routinely contest or settle (for immaterial amounts) depending on the particular circumstances of each case. 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 2024, 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 . On September 24, 2018, a former employee filed a lawsuit against us in the Superior Court of Orange County, California, alleging that we incorrectly classified our sales representatives as outside salespersons exempt from overtime wages, mandatory break periods and certain other employee protective provisions of California and federal law. The complaint seeks injunctive relief, an award of unpaid wages, liquidated damages, and attorney fees and interest. The plaintiff purports to act on behalf of a class of similarly situated employees and ex-employees. We believe that our compensation practices with respect to our sales representatives are compliant with applicable law. In August 2023, the parties settled by agreement the claims of the plaintiff and a California settlement class for $1.1 million. The settlement was approved by the court on October 9, 2024. Under the settlement, the Company paid, after September 30, 2024, $ 1.1 In General. There can be no assurance as to the outcomes of the matters described or referenced above. We record at each measurement date, most recently as of September 30, 2024, our best estimate of probable incurred losses for legal contingencies, including the matters identified above. The amount of losses that may ultimately be incurred cannot be estimated with certainty. However, based on such information as is available to us, we believe that the total of probable incurred losses for legal contingencies as of September 30, 2024 is $ 2.3 4.3 Accordingly, we believe that the ultimate resolution of such legal proceedings and contingencies should not have a material adverse effect on our consolidated financial condition. We note, however, that in light of the uncertainties inherent in contested proceedings there can be no assurance that the ultimate resolution of these matters will not be material to our operating results for a particular period, depending on, among other factors, the size of the loss or liability imposed and the level of our income for that period.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	(9) 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 would be 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 effect on our fair value measurement. For the quarter ended September 30, 2024, the Company evaluated the appropriate fair value and future earnings rate of existing receivables compared to recently acquired receivables and our assessment of potential additional future net losses on the portfolio of finance receivables carried at fair value and did not record a mark down to that portfolio. 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 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Balance at beginning of period $ 2,960,375 $ 2,618,420 $ 2,722,662 $ 2,476,617 Finance receivables at fair value acquired during period 442,126 300,539 1,195,886 958,587 Payments received on finance receivables at fair value (217,945 ) (203,775 ) (637,844 ) (625,715 ) Net interest income accretion on fair value receivables (57,746 ) (49,644 ) (164,394 ) (143,949 ) Mark to fair value 5,500 6,000 16,000 6,000 Balance at end of period $ 3,132,310 $ 2,671,540 $ 3,132,310 $ 2,671,540 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 September 30, 2024 December 31, 2023 Contractual Fair Contractual Fair Balance Value Balance Value (In thousands) Finance receivables measured at fair value $ 3,321,329 $ 3,132,310 $ 2,941,915 $ 2,722,662 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 Weighted Avg. Inputs as of September 30, December 31, September 30, December 31, 2024 2023 Unobservable Inputs 2024 2023 (In thousands) Finance receivables measured at fair value $ 3,132,310 $ 2,722,662 Discount rate 11.36% 11.35% Cumulative net losses 15.44% 15.25% The following table summarizes the delinquency status of these finance receivables measured at fair value as of September 30, 2024 and December 31, 2023: Schedule of delinquency status of finance receivables measured at fair value September 30, December 31, 2024 2023 (In thousands) Delinquency Status Current $ 2,857,495 $ 2,520,158 31 - 60 days 217,365 204,574 61 - 90 days 102,088 101,057 91 + days 51,675 49,541 Repo 92,706 66,585 $ 3,321,329 $ 2,941,915 There were no transfers in or out of level 1, level 2 or level 3 assets and liabilities for the three months ended September 30, 2024 and 2023. The estimated fair values of financial assets and liabilities at September 30, 2024 and December 31, 2023, were as follows: Schedule of fair values of financial assets and liabilities As of September 30, 2024 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 8,071 $ 8,071 $ – $ – $ 8,071 Restricted cash and equivalents 270,981 270,981 – – 270,981 Finance receivables, net 7,788 – – 6,201 6,201 Accrued interest receivable 91 – – 91 91 Liabilities: Warehouse lines of credit $ 105,783 $ – $ – $ 105,783 $ 105,783 Residual interest financing 99,127 99,127 99,127 Accrued interest payable 9,589 – – 9,589 9,589 Securitization trust debt 2,875,777 – – 2,897,538 2,897,538 Subordinated renewable notes 24,288 – – 24,288 24,288 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

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	(10) Subsequent Events On November 1, 2024, we amended our revolving credit agreement with Citibank, N.A., to add a subordinate third party lender that increases the rate at which we receive advances secured by automobile contracts pledged to this credit facility. The amendment allows us to advance up to 96% of the purchase price of the automobile contracts. This amendment also increases the capacity for this facility from $200 million to $225 million.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Description of Business	Description of Business We were formed in California on March 8, 1991. We specialize in purchasing and servicing retail automobile installment sale contracts (“automobile contracts” or “finance receivables”) originated by licensed motor vehicle dealers located throughout the United States (“dealers”) in the sale of new and used automobiles, light trucks and passenger vans. Through our purchases, we provide indirect financing to dealer customers for borrowers with limited credit histories or past credit problems (“sub-prime customers”). We serve as an alternative source of financing for dealers, allowing sales to customers who otherwise might not be able to obtain financing. In addition to purchasing installment purchase contracts directly from dealers, we have also (i) lent money directly to consumers for loans secured by vehicles, (ii) purchased immaterial amounts of vehicle purchase money loans from non-affiliated lenders, and (iii) acquired installment purchase contracts in four merger and acquisition transactions. In this report, we refer to all of such contracts and loans as "automobile contracts."
Basis of Presentation	Basis of Presentation Our Unaudited Condensed Consolidated Financial Statements have been prepared in conformity with accounting principles generally accepted in the United States of America, with the instructions to Form 10-Q and with Article 10 of Regulation S-X of the Securities and Exchange Commission, and include all adjustments that are, in management’s opinion, necessary for a fair presentation of the results for the interim periods presented. All such adjustments are, in the opinion of management, of a normal recurring nature. Results for the nine-month period ended September 30, 2024 are not necessarily indicative of the operating results to be expected for the full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted from these Unaudited Condensed Consolidated Financial Statements. These Unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2023.
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.
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. 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.
Other Income	Other Income The following table presents the primary components of Other Income for the three-month and nine-month periods ending September 30, 2024 and 2023: Schedule of other income Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Origination and servicing fees from third party receivables $ 1,647 $ 2,546 $ 5,485 $ 7,207 Sales tax refunds 254 256 803 780 Other 21 16 103 90 Other income for the period $ 1,922 $ 2,818 $ 6,391 $ 8,077
Leases	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. The following table presents the supplemental balance sheet information related to leases: Schedule of supplemental balance sheet information related to leases September 30, December 31, 2024 2023 (In thousands) Operating Leases Operating lease right-of-use assets $ 51,093 $ 29,575 Less: Accumulated amortization right-of-use assets (30,419 ) (26,651 ) Operating lease right-of-use assets, net $ 20,674 $ 2,924 Operating lease liabilities $ (22,601 ) $ (3,220 ) Finance Leases Property and equipment, at cost $ 3,794 $ 3,474 Less: Accumulated depreciation (3,460 ) (3,385 ) Property and equipment, net $ 334 $ 89 Finance lease liabilities $ (343 ) $ (93 ) 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 lease liabilities (In thousands) Operating Finance Year Ending December 31, Lease Lease 2024 (excluding the nine months ended September 30, 2024) $ 1,216 $ 33 2025 5,233 128 2026 5,084 118 2027 5,242 61 2028 5,408 30 Thereafter 4,747 10 Total undiscounted lease payments 26,930 380 Less amounts representing interest (4,329 ) (37 ) Lease Liability $ 22,601 $ 343 The following table presents the lease expense included in General and administrative and Occupancy expense on our Unaudited Condensed Consolidated Statement of Operations: Schedule of lease cost Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Operating lease cost $ 1,311 $ 1,410 $ 3,996 $ 4,181 Finance lease cost 34 18 82 144 Total lease cost $ 1,345 $ 1,428 $ 4,078 $ 4,325 The following table presents the supplemental cash flow information related to leases: Schedule of supplemental cash flow information related to leases Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: (In thousands) (In thousands) Operating cash flows from operating leases $ 1,311 $ 1,410 $ 3,996 $ 4,181 Operating cash flows from finance leases $ 29 $ 17 $ 70 $ 139 Financing cash flows from finance leases $ 6 $ 1 $ 13 $ 5
Stock-based Compensation	Stock-based Compensation We recognize compensation costs in the financial statements for all share-based payments based on the grant date fair value estimated in accordance with the provisions of ASC 718 “Stock Compensation”. For the three and nine months ended September 30, 2024, we recorded stock-based compensation costs in the amount of $ 727,000 2.4 816,000 2.6 3.7 1.3 The following represents stock option activity for the nine months ended September 30, 2024: Schedule of stock option activity Weighted Number of Weighted Average Shares Average Remaining (in thousands) Exercise Price Contractual Term Options outstanding at the beginning of period 8,125 $ 5.11 N/A Granted – – N/A Exercised (1,700 ) 4.01 N/A Forfeited (270 ) 5.30 N/A Options outstanding at the end of period 6,155 $ 5.41 2.91 Options exercisable at the end of period 5,145 $ 4.75 2.63 The following table presents the price distribution of stock options outstanding and exercisable for the years ended September 30, 2024 and December 31, 2023: Schedule of price distribution of stock options outstanding and exercisable Number of shares as of Number of shares as of September 30, 2024 December 31, 2023 Outstanding Exercisable Outstanding Exercisable (In thousands) (In thousands) Range of exercise prices: $2.00 - $2.99 1,205 1,205 1,410 1,082 $3.00 - $3.99 2,046 2,046 2,473 2,473 $4.00 - $4.99 1,262 972 2,539 1,929 $10.00 - $10.99 1,642 922 1,703 578 Total shares 6,155 5,145 8,125 6,062 At September 30, 2024 the aggregate intrinsic value of options outstanding and exercisable was $ 25.9 24.6 1.7 2.8 8 13.5 2,954,000
Purchases of Company Stock	Purchases of Company Stock The table below describes the purchase of our common stock for the nine-month ended September 30, 2024 and 2023: Schedule of purchase of our common stock Nine Months Ended September 30, 2024 September 30, 2023 Shares Avg. Price Shares Avg. Price Open market purchases 473,202 $ 8.67 625,887 $ 11.20 Shares redeemed upon net exercise of stock options 876,456 8.66 1,224,673 13.56 Other 120,000 9.49 – – Total stock purchases 1,469,658 $ 8.73 1,850,560 $ 11.80
Reclassifications	Reclassifications Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on net income or shareholders’ equity.
Financial Covenants	Financial Covenants Certain of our securitization transactions, our warehouse credit facilities and our residual interest financing contain various financial covenants requiring minimum financial ratios and results. Such covenants include maintaining minimum levels of liquidity and net worth and not exceeding maximum leverage levels. As of September 30, 2024, we were in compliance with all such covenants. In addition, certain of our debt agreements other than our term securitizations contain cross-default provisions. Such cross-default provisions would allow the respective creditors to declare a default if an event of default occurred with respect to other indebtedness of ours, but only if such other event of default were to be accompanied by acceleration of such other indebtedness.
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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements 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)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of other income	Schedule of other income Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Origination and servicing fees from third party receivables $ 1,647 $ 2,546 $ 5,485 $ 7,207 Sales tax refunds 254 256 803 780 Other 21 16 103 90 Other income for the period $ 1,922 $ 2,818 $ 6,391 $ 8,077
Schedule of supplemental balance sheet information related to leases	Schedule of supplemental balance sheet information related to leases September 30, December 31, 2024 2023 (In thousands) Operating Leases Operating lease right-of-use assets $ 51,093 $ 29,575 Less: Accumulated amortization right-of-use assets (30,419 ) (26,651 ) Operating lease right-of-use assets, net $ 20,674 $ 2,924 Operating lease liabilities $ (22,601 ) $ (3,220 ) Finance Leases Property and equipment, at cost $ 3,794 $ 3,474 Less: Accumulated depreciation (3,460 ) (3,385 ) Property and equipment, net $ 334 $ 89 Finance lease liabilities $ (343 ) $ (93 ) Weighted Average Discount Rate Operating lease 5.0% 5.0% Finance lease 6.5% 6.5%
Schedule of maturities of lease liabilities	Schedule of maturities of lease liabilities (In thousands) Operating Finance Year Ending December 31, Lease Lease 2024 (excluding the nine months ended September 30, 2024) $ 1,216 $ 33 2025 5,233 128 2026 5,084 118 2027 5,242 61 2028 5,408 30 Thereafter 4,747 10 Total undiscounted lease payments 26,930 380 Less amounts representing interest (4,329 ) (37 ) Lease Liability $ 22,601 $ 343
Schedule of lease cost	Schedule of lease cost Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Operating lease cost $ 1,311 $ 1,410 $ 3,996 $ 4,181 Finance lease cost 34 18 82 144 Total lease cost $ 1,345 $ 1,428 $ 4,078 $ 4,325
Schedule of supplemental cash flow information related to leases	Schedule of supplemental cash flow information related to leases Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: (In thousands) (In thousands) Operating cash flows from operating leases $ 1,311 $ 1,410 $ 3,996 $ 4,181 Operating cash flows from finance leases $ 29 $ 17 $ 70 $ 139 Financing cash flows from finance leases $ 6 $ 1 $ 13 $ 5
Schedule of stock option activity	Schedule of stock option activity Weighted Number of Weighted Average Shares Average Remaining (in thousands) Exercise Price Contractual Term Options outstanding at the beginning of period 8,125 $ 5.11 N/A Granted – – N/A Exercised (1,700 ) 4.01 N/A Forfeited (270 ) 5.30 N/A Options outstanding at the end of period 6,155 $ 5.41 2.91 Options exercisable at the end of period 5,145 $ 4.75 2.63
Schedule of price distribution of stock options outstanding and exercisable	Schedule of price distribution of stock options outstanding and exercisable Number of shares as of Number of shares as of September 30, 2024 December 31, 2023 Outstanding Exercisable Outstanding Exercisable (In thousands) (In thousands) Range of exercise prices: $2.00 - $2.99 1,205 1,205 1,410 1,082 $3.00 - $3.99 2,046 2,046 2,473 2,473 $4.00 - $4.99 1,262 972 2,539 1,929 $10.00 - $10.99 1,642 922 1,703 578 Total shares 6,155 5,145 8,125 6,062
Schedule of purchase of our common stock	Schedule of purchase of our common stock Nine Months Ended September 30, 2024 September 30, 2023 Shares Avg. Price Shares Avg. Price Open market purchases 473,202 $ 8.67 625,887 $ 11.20 Shares redeemed upon net exercise of stock options 876,456 8.66 1,224,673 13.56 Other 120,000 9.49 – – Total stock purchases 1,469,658 $ 8.73 1,850,560 $ 11.80

Finance Receivables (Tables)

Finance Receivables (Tables)	9 Months Ended
	Sep. 30, 2024
Finance Receivables
Schedule of delinquency status of finance receivables	Schedule of delinquency status of finance receivables September 30, December 31, 2024 2023 (In thousands) Delinquency Status Current $ 4,687 $ 17,771 31-60 days 1,900 5,626 61-90 days 1,316 3,087 91 + days 371 1,069 $ 8,274 $ 27,553
Schedule of finance receivables by annual vintage	Schedule of finance receivables by annual vintage September 30, December 31, 2024 2023 (In thousands) Annual Vintage Pool 2014 and prior $ 93 $ 370 2015 435 1,788 2016 2,101 7,673 2017 5,645 17,722 $ 8,274 $ 27,553
Schedule of allowance for finance credit losses	Schedule of allowance for finance credit losses Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Balance at beginning of period $ 684 $ 5,721 $ 2,869 $ 21,753 Provision for credit losses on finance receivables (994 ) (2,000 ) (4,579 ) (20,700 ) Charge-offs (544 ) (1,477 ) (1,976 ) (6,391 ) Recoveries 1,340 1,984 4,172 9,566 Balance at end of period $ 486 $ 4,228 $ 486 $ 4,228
Schedule of gross charge-off	Schedule of gross charge-off Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Annual Vintage Pool 2014 and prior $ 69 $ 43 $ 249 $ 251 2015 60 129 242 870 2016 145 568 790 2,602 2017 446 948 972 3,548 Applied against repos in inventory (net) (176 ) (211 ) (277 ) (880 ) $ 544 $ 1,477 $ 1,976 $ 6,391
Schedule of allowance for losses in repossessed inventory	Schedule of allowance for losses in repossessed inventory September 30, December 31, 2024 2023 (In thousands) Gross balance of repossessions in inventory $ 233 $ 597 Allowance for losses on repossessed inventory (195 ) (472 ) Net repossessed inventory included in other assets $ 38 $ 125

Securitization Trust Debt (Tabl

Securitization Trust Debt (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, Initial September 30, December 31, September 30, Series Date (1) 2024 (2) Principal 2024 2023 2024 (Dollars in thousands) CPS 2019-B June 2026 $ – $ 228,275 $ – $ 15,742 – CPS 2019-C September 2026 – 243,513 – 19,725 – CPS 2019-D December 2026 – 274,313 – 27,445 – CPS 2020-A March 2027 – 260,000 – 26,382 – CPS 2020-B June 2027 22,376 202,343 14,713 24,197 7.38 CPS 2020-C November 2027 32,459 252,200 27,676 43,487 4.68 CPS 2021-A March 2028 36,454 230,545 25,947 39,039 2.14 CPS 2021-B June 2028 47,359 240,000 36,486 55,684 3.07 CPS 2021-C September 2028 72,712 291,000 56,495 85,563 2.34 CPS 2021-D December 2028 99,030 349,202 82,400 126,059 3.09 CPS 2022-A April 2029 111,547 316,800 90,679 137,479 3.23 CPS 2022-B October 2029 175,458 395,600 149,736 213,779 5.46 CPS 2022-C April 2030 206,276 391,600 160,019 230,273 6.35 CPS 2022-D June 2030 174,044 307,018 150,809 205,583 8.57 CPS 2023-A August 2030 207,876 324,768 164,803 231,906 6.64 CPS 2023-B November 2030 228,550 332,885 193,019 268,172 6.85 CPS 2023-C February 2031 218,498 291,732 194,436 257,568 6.82 CPS 2023-D May 2031 235,473 286,149 212,009 271,939 7.45 CPS 2024-A August 2031 249,646 280,924 227,163 – 6.16 CPS 2024-B November 2031 305,382 319,871 283,906 – 6.32 CPS 2024-C March 2032 435,745 436,310 406,350 – 6.19 CPS 2024-D June 2032 295,408 436,310 416,816 – 5.16 – $ 3,154,293 $ 6,691,358 $ 2,893,462 $ 2,280,021 _________________ (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 $ 262.7 1,003.5 686.9 460.9 288.5 134.8 38.5 (2) Includes repossessed assets that are included in Other assets on our Unaudited Condensed Consolidated Balance Sheet.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of debt outstanding	Schedule of debt outstanding Amount Outstanding at September 30, December 31, 2024 2023 (In thousands) Description Interest Rate Maturity Warehouse lines of credit 3.00% over CP yield rate (Minimum 3.75%) 8.27% and 8.58% July 2026 $ 109,059 $ 165,628 4.50% over a commercial paper rate (Minimum 7.50%) 9.60% and 9.63% March 2026 – 68,997 Residual interest financing 7.86 June 2026 50,000 50,000 Residual interest financing 11.50 March 2029 50,000 – Subordinated renewable notes Weighted average rate of 9.22 8.45 Weighted average maturity of October 2026 February 2026 24,288 17,188 $ 233,347 $ 301,813

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	9 Months Ended
	Sep. 30, 2024
Interest Income And Interest Expense
Schedule of interest income	Schedule of interest income Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Interest on finance receivables $ 1,516 $ 3,769 $ 5,634 $ 12,809 Interest on finance receivables at fair value 89,942 77,848 255,546 228,641 Other interest income 1,700 1,644 4,632 4,510 Interest income $ 93,158 $ 83,261 $ 265,812 $ 245,960
Schedule of interest expense	Schedule of interest expense Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Securitization trust debt $ 42,998 $ 31,734 $ 116,859 $ 87,258 Warehouse lines of credit 4,000 4,665 14,022 14,521 Residual interest financing 2,477 1,050 6,225 3,149 Subordinated renewable notes 581 440 1,629 1,426 Interest expense $ 50,056 $ 37,889 $ 138,735 $ 106,354

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings per share:
Schedule of earnings per share	Schedule of earnings per share Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Weighted average number of common shares outstanding during the period used to compute basic earnings per share 21,343 21,154 21,250 20,815 Incremental common shares attributable to exercise of outstanding options and warrants 2,810 4,064 3,090 4,516 Weighted average number of common shares used to compute diluted earnings per share 24,153 25,218 24,340 25,331

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
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 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Balance at beginning of period $ 2,960,375 $ 2,618,420 $ 2,722,662 $ 2,476,617 Finance receivables at fair value acquired during period 442,126 300,539 1,195,886 958,587 Payments received on finance receivables at fair value (217,945 ) (203,775 ) (637,844 ) (625,715 ) Net interest income accretion on fair value receivables (57,746 ) (49,644 ) (164,394 ) (143,949 ) Mark to fair value 5,500 6,000 16,000 6,000 Balance at end of period $ 3,132,310 $ 2,671,540 $ 3,132,310 $ 2,671,540
Schedule of finance receivables to their contractual balances	Schedule of finance receivables to their contractual balances September 30, 2024 December 31, 2023 Contractual Fair Contractual Fair Balance Value Balance Value (In thousands) Finance receivables measured at fair value $ 3,321,329 $ 3,132,310 $ 2,941,915 $ 2,722,662
Schedule of level 3 fair value measurements	Schedule of level 3 fair value measurements Financial Instrument Fair Values as of Weighted Avg. Inputs as of September 30, December 31, September 30, December 31, 2024 2023 Unobservable Inputs 2024 2023 (In thousands) Finance receivables measured at fair value $ 3,132,310 $ 2,722,662 Discount rate 11.36% 11.35% Cumulative net losses 15.44% 15.25%
Schedule of delinquency status of finance receivables measured at fair value	Schedule of delinquency status of finance receivables measured at fair value September 30, December 31, 2024 2023 (In thousands) Delinquency Status Current $ 2,857,495 $ 2,520,158 31 - 60 days 217,365 204,574 61 - 90 days 102,088 101,057 91 + days 51,675 49,541 Repo 92,706 66,585 $ 3,321,329 $ 2,941,915
Schedule of fair values of financial assets and liabilities	Schedule of fair values of financial assets and liabilities As of September 30, 2024 Financial Instrument (In thousands) Carrying Fair Value Measurements Using: Value Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 8,071 $ 8,071 $ – $ – $ 8,071 Restricted cash and equivalents 270,981 270,981 – – 270,981 Finance receivables, net 7,788 – – 6,201 6,201 Accrued interest receivable 91 – – 91 91 Liabilities: Warehouse lines of credit $ 105,783 $ – $ – $ 105,783 $ 105,783 Residual interest financing 99,127 99,127 99,127 Accrued interest payable 9,589 – – 9,589 9,589 Securitization trust debt 2,875,777 – – 2,897,538 2,897,538 Subordinated renewable notes 24,288 – – 24,288 24,288 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

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details - Other income) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other income for the period	$ 1,922	$ 2,818	$ 6,391	$ 8,077
Origination And Servicing Fees From Third Party Receivables [Member]
Other income for the period	1,647	2,546	5,485	7,207
Sales Tax Refunds [Member]
Other income for the period	254	256	803	780
Other Income [Member]
Other income for the period	$ 21	$ 16	$ 103	$ 90

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details - Supplemental balance sheet information related to leases) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Operating Leases
Operating lease right-of-use assets	$ 51,093	$ 29,575
Less: Accumulated amortization right-of-use assets	(30,419)	(26,651)
Operating lease right-of-use assets, net	20,674	2,924
Operating lease liabilities	(22,601)	(3,220)
Finance Leases
Property and equipment, at cost	3,794	3,474
Less: Accumulated depreciation	(3,460)	(3,385)
Property and equipment, net	334	89
Finance lease liabilities	$ (343)	$ (93)
Weighted Average Discount Rate
Operating lease	5%	5%
Finance lease	6.50%	6.50%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details - Maturities of lease liabilities) $ in Thousands	Sep. 30, 2024 USD ($)
Operating Lease [Member]
2024 (excluding the nine months ended September 30, 2024)	$ 1,216
2025	5,233
2026	5,084
2027	5,242
2028	5,408
Thereafter	4,747
Total undiscounted lease payments	26,930
Less amounts representing interest	(4,329)
Lease Liability	22,601
Finance Lease [Member]
2024 (excluding the nine months ended September 30, 2024)	33
2025	128
2026	118
2027	61
2028	30
Thereafter	10
Total undiscounted lease payments	380
Less amounts representing interest	(37)
Lease Liability	$ 343

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details - Lease cost) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounting Policies [Abstract]
Operating lease cost	$ 1,311	$ 1,410	$ 3,996	$ 4,181
Finance lease cost	34	18	82	144
Total lease cost	$ 1,345	$ 1,428	$ 4,078	$ 4,325

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details - Lease - Cash flow) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 1,311	$ 1,410	$ 3,996	$ 4,181
Operating cash flows from finance leases	29	17	70	139
Financing cash flows from finance leases	$ 6	$ 1	$ 13	$ 5

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Details - Option activity) - $ / shares shares in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Number of shares options outstanding at the beginning of period	8,125
Weighted average exercise price options outstanding at the beginning of period	$ 5.11
Number of shares granted	0
Weighted average exercise price granted	$ 0
Number of shares exercised	(1,700)
Weighted average exercise price exercised	$ 4.01
Number of shares forfeited	(270)
Weighted average exercise price forfeited	$ 5.30
Number of shares options outstanding at the end of period	6,155
Weighted average exercise price options outstanding at the end of period	$ 5.41
Weighted average remaining contractual term Options outstanding at the end of period	2 years 10 months 28 days
Number of shares options exercisable at the end of period	5,145	6,062
Weighted average exercise price options exercisable at the end of period	$ 4.75
Weighted average remaining contractual term Options exercisable at the end of period	2 years 7 months 17 days

Summary of Significant Accou_10

Summary of Significant Accounting Policies (Details - Options outstanding and exercisable) - shares shares in Thousands	Sep. 30, 2024	Dec. 31, 2023
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	6,155	8,125
Number of shares, exercisable	5,145	6,062
$2.00 - $2.99 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,205	1,410
Number of shares, exercisable	1,205	1,082
$3.00 - $3.99 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	2,046	2,473
Number of shares, exercisable	2,046	2,473
$4.00 - $4.99 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,262	2,539
Number of shares, exercisable	972	1,929
$10.00 - $10.99 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares, outstanding	1,642	1,703
Number of shares, exercisable	922	578

Summary of Significant Accou_11

Summary of Significant Accounting Policies (Details - Stock purchases) - Common Stock [Member] - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share Repurchase Program [Line Items]
Total stock purchases, shares	1,469,658	1,850,560
Total stock purchases, average price	$ 8.73	$ 11.80
Open Market Purchases [Member]
Share Repurchase Program [Line Items]
Total stock purchases, shares	473,202	625,887
Total stock purchases, average price	$ 8.67	$ 11.20
Shares Redeemed [Member]
Share Repurchase Program [Line Items]
Total stock purchases, shares	876,456	1,224,673
Total stock purchases, average price	$ 8.66	$ 13.56
Other [Member]
Share Repurchase Program [Line Items]
Total stock purchases, shares	120,000	0
Total stock purchases, average price	$ 9.49	$ 0

Summary of Significant Accou_12

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation costs	$ 727,000	$ 816,000	$ 2,400,000	$ 2,600,000
Unrecognized stock-based compensation costs	3,700,000		$ 3,700,000
Weighted average period			1 year 3 months 18 days
Intrinsic value options outstanding	25,900,000		$ 25,900,000
Intrinsic value of options exercisable	$ 24,600,000		$ 24,600,000
Options exercised			1,700,000
Intrinsic value of options exercised			$ 8,000,000	$ 13,500,000
Shares available for grant	2,954,000		2,954,000
Options Exercised [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options exercised			1,700,000	2,800,000

Finance Receivables (Details -

Finance Receivables (Details - Delinquency status) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	$ 8,274	$ 27,553
Financial Asset, 1 to 29 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	4,687	17,771
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	1,900	5,626
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	1,316	3,087
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total finance receivables with delinquency status	$ 371	$ 1,069

Finance Receivables (Details _2

Finance Receivables (Details - Amortized cost basis) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Amortized cost basis of finance receivables	$ 8,274	$ 27,553
Vintage Pool 2014 [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost basis of finance receivables	93	370
Vintage Pool 2015 [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost basis of finance receivables	435	1,788
Vintage Pool 2016 [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost basis of finance receivables	2,101	7,673
Vintage Pool 2017 [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost basis of finance receivables	$ 5,645	$ 17,722

Finance Receivables (Details _3

Finance Receivables (Details - Summary of activity) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Finance Receivables
Balance at beginning of period	$ 684	$ 5,721	$ 2,869	$ 21,753
Provision for credit losses on finance receivables	(994)	(2,000)	(4,579)	(20,700)
Charge-offs	(544)	(1,477)	(1,976)	(6,391)
Recoveries	1,340	1,984	4,172	9,566
Balance at end of period	$ 486	$ 4,228	$ 486	$ 4,228

Finance Receivables (Details _4

Finance Receivables (Details - Charge-offs for financed receivables) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Past Due [Line Items]
Charge-offs	$ 544	$ 1,477	$ 1,976	$ 6,391
Vintage Pool 2014 [Member]
Financing Receivable, Past Due [Line Items]
Charge-offs	69	43	249	251
Vintage Pool 2015 [Member]
Financing Receivable, Past Due [Line Items]
Charge-offs	60	129	242	870
Vintage Pool 2016 [Member]
Financing Receivable, Past Due [Line Items]
Charge-offs	145	568	790	2,602
Vintage Pool 2017 [Member]
Financing Receivable, Past Due [Line Items]
Charge-offs	446	948	972	3,548
Applied Against Repos In Inventory Member [Member]
Financing Receivable, Past Due [Line Items]
Charge-offs	$ (176)	$ (211)	$ (277)	$ (880)

Finance Receivables (Details _5

Finance Receivables (Details - Repossessed inventory) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Finance Receivables
Gross balance of repossessions in inventory	$ 233	$ 597
Allowance for losses on repossessed inventory	(195)	(472)
Net repossessed inventory included in other assets	$ 38	$ 125

Finance Receivables (Details Na

Finance Receivables (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Finance Receivables
Finance receivables, non accrual status	$ 371,000	$ 1,100,000

Securitization Trust Debt (Deta

Securitization Trust Debt (Details - Debt components) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]
Receivables Pledged	[2]	$ 3,154,293
Initial Principal		6,691,358
Outstanding Principal		2,893,462	$ 2,280,021
Securitization Trust Debt [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Securitization trust debt, payable in 2024		262,700
Securitization trust debt, payable in 2025		1,003,500
Securitization trust debt, payable in 2026		686,900
Securitization trust debt, payable in 2027		460,900
Securitization trust debt, payable in 2028		288,500
Securitization trust debt, payable in 2029		134,800
Securitization trust debt, payable in 2030		$ 38,500
CPS 2019 B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	June 2026
Receivables Pledged	[2]	$ 0
Initial Principal		228,275
Outstanding Principal		$ 0	15,742
Weighted Average Contractual Debt Interest Rate		0%
CPS 2019 C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	September 2026
Receivables Pledged	[2]	$ 0
Initial Principal		243,513
Outstanding Principal		$ 0	19,725
Weighted Average Contractual Debt Interest Rate		0%
CPS 2019 D [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	December  2026
Receivables Pledged	[2]	$ 0
Initial Principal		274,313
Outstanding Principal		$ 0	27,445
Weighted Average Contractual Debt Interest Rate		0%
CPS 2020 A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	March 2027
Receivables Pledged	[2]	$ 0
Initial Principal		260,000
Outstanding Principal		$ 0	26,382
Weighted Average Contractual Debt Interest Rate		0%
CPS 2020 B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	June 2027
Receivables Pledged	[2]	$ 22,376
Initial Principal		202,343
Outstanding Principal		$ 14,713	24,197
Weighted Average Contractual Debt Interest Rate		7.38%
CPS 2020 C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	November 2027
Receivables Pledged	[2]	$ 32,459
Initial Principal		252,200
Outstanding Principal		$ 27,676	43,487
Weighted Average Contractual Debt Interest Rate		4.68%
CPS 2021 A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	March 2028
Receivables Pledged	[2]	$ 36,454
Initial Principal		230,545
Outstanding Principal		$ 25,947	39,039
Weighted Average Contractual Debt Interest Rate		2.14%
CPS 2021 B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	June 2028
Receivables Pledged	[2]	$ 47,359
Initial Principal		240,000
Outstanding Principal		$ 36,486	55,684
Weighted Average Contractual Debt Interest Rate		3.07%
CPS 2021 C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	September 2028
Receivables Pledged	[2]	$ 72,712
Initial Principal		291,000
Outstanding Principal		$ 56,495	85,563
Weighted Average Contractual Debt Interest Rate		2.34%
CPS 2021 D [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	December  2028
Receivables Pledged	[2]	$ 99,030
Initial Principal		349,202
Outstanding Principal		$ 82,400	126,059
Weighted Average Contractual Debt Interest Rate		3.09%
CPS 2022 A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	April 2029
Receivables Pledged	[2]	$ 111,547
Initial Principal		316,800
Outstanding Principal		$ 90,679	137,479
Weighted Average Contractual Debt Interest Rate		3.23%
CPS 2022 B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	October 2029
Receivables Pledged	[2]	$ 175,458
Initial Principal		395,600
Outstanding Principal		$ 149,736	213,779
Weighted Average Contractual Debt Interest Rate		5.46%
CPS 2022 C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	April 2030
Receivables Pledged	[2]	$ 206,276
Initial Principal		391,600
Outstanding Principal		$ 160,019	230,273
Weighted Average Contractual Debt Interest Rate		6.35%
CPS 2022 D [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	June 2030
Receivables Pledged	[2]	$ 174,044
Initial Principal		307,018
Outstanding Principal		$ 150,809	205,583
Weighted Average Contractual Debt Interest Rate		8.57%
CPS 2023 A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	August 2030
Receivables Pledged	[2]	$ 207,876
Initial Principal		324,768
Outstanding Principal		$ 164,803	231,906
Weighted Average Contractual Debt Interest Rate		6.64%
CPS 2023 B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	November 2030
Receivables Pledged	[2]	$ 228,550
Initial Principal		332,885
Outstanding Principal		$ 193,019	268,172
Weighted Average Contractual Debt Interest Rate		6.85%
CPS 2023 C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	February 2031
Receivables Pledged	[2]	$ 218,498
Initial Principal		291,732
Outstanding Principal		$ 194,436	257,568
Weighted Average Contractual Debt Interest Rate		6.82%
CPS 2023 D [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	May 2031
Receivables Pledged	[2]	$ 235,473
Initial Principal		286,149
Outstanding Principal		$ 212,009	271,939
Weighted Average Contractual Debt Interest Rate		7.45%
CPS 2024 A [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	August 2031
Receivables Pledged	[2]	$ 249,646
Initial Principal		280,924
Outstanding Principal		$ 227,163	0
Weighted Average Contractual Debt Interest Rate		6.16%
CPS 2024 B [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	November 2031
Receivables Pledged	[2]	$ 305,382
Initial Principal		319,871
Outstanding Principal		$ 283,906	0
Weighted Average Contractual Debt Interest Rate		6.32%
CPS 2024 C [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	March 2032
Receivables Pledged	[2]	$ 435,745
Initial Principal		436,310
Outstanding Principal		$ 406,350	0
Weighted Average Contractual Debt Interest Rate		6.19%
CPS 2024 D [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Final Scheduled Payment Date	[1]	June 2032
Receivables Pledged	[2]	$ 295,408
Initial Principal		436,310
Outstanding Principal		$ 416,816	$ 0
Weighted Average Contractual Debt Interest Rate		5.16%
[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 $ 262.7 1,003.5 686.9 460.9 288.5 134.8 38.5

Securitization Trust Debt (De_2

Securitization Trust Debt (Details Narrative) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Securitization Trust Debt
Debt issuance costs	$ 17.7	$ 14.6

Debt (Details - Debt outstandin

Debt (Details - Debt outstanding) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Warehouse lines of credit	$ 105,783	$ 234,025
Residual interest financing	99,127	49,875
Subordinated renewable notes	24,288	17,188
Total debt outstanding	$ 233,347	$ 301,813
Warehouse Lines Of Credit 1 [Member]
Line of Credit Facility [Line Items]
Interest rate	3.00% over CP yield rate (Minimum 3.75%) 8.27% and 8.58%	3.00% over CP yield rate (Minimum 3.75%) 8.27% and 8.58%
Maturity date description	July 2026
Warehouse lines of credit	$ 109,059	$ 165,628
Warehouse Lines Of Credit 2 [Member]
Line of Credit Facility [Line Items]
Interest rate	4.50% over a commercial paper rate (Minimum 7.50%) 9.60% and 9.63%	4.50% over a commercial paper rate (Minimum 7.50%) 9.60% and 9.63%
Maturity date description	March 2026
Warehouse lines of credit	$ 0	$ 68,997
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
Residual Interest Financing 1 [Member]
Line of Credit Facility [Line Items]
Maturity date description	March 2029
Interest rate	11.50%
Residual interest financing	$ 50,000	$ 0
Subordinated Renewable Notes [Member]
Line of Credit Facility [Line Items]
Maturity date description	October 2026	February 2026
Debt Instrument, Interest Rate Terms	9.22%	8.45%
Subordinated renewable notes	$ 24,288	$ 17,188

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)				9 Months Ended
	Jul. 11, 2024	Mar. 29, 2024	Mar. 22, 2024	Sep. 30, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Securitization of residual interests			$ 50,000,000
Purchase of secured notes			$ 50,000,000
Securitization of residual interests outstanding				$ 50,000,000
Unamortized debt issuance costs				873,000	$ 125,000
Warehouse Lines Of Credit [Member]
Short-Term Debt [Line Items]
Unamortized debt issuance costs				3,300,000	$ 599,000
Citibank N A [Member]
Short-Term Debt [Line Items]
Line of credit revolving amount	$ 200,000,000
Line of credit outstanding facility amount				109,100,000
Ares Agent Services L P [Member]
Short-Term Debt [Line Items]
Line of credit revolving amount		$ 200,000,000
Line of credit outstanding facility amount				$ 0

Interest Income and Interest _3

Interest Income and Interest Expense (Details - Interest income) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest Income And Interest Expense
Interest on finance receivables	$ 1,516	$ 3,769	$ 5,634	$ 12,809
Interest on finance receivables at fair value	89,942	77,848	255,546	228,641
Other interest income	1,700	1,644	4,632	4,510
Interest income	$ 93,158	$ 83,261	$ 265,812	$ 245,960

Interest Income and Interest _4

Interest Income and Interest Expense (Details - Interest expense) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Instrument [Line Items]
Interest expense	$ 50,056	$ 37,889	$ 138,735	$ 106,354
Securitization Trust Debt [Member]
Debt Instrument [Line Items]
Interest expense	42,998	31,734	116,859	87,258
Warehouse Lines Of Credit [Member]
Debt Instrument [Line Items]
Interest expense	4,000	4,665	14,022	14,521
Residual Interest Financing [Member]
Debt Instrument [Line Items]
Interest expense	2,477	1,050	6,225	3,149
Subordinated Renewable Notes [Member]
Debt Instrument [Line Items]
Interest expense	$ 581	$ 440	$ 1,629	$ 1,426

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings per share:
Weighted average number of common shares outstanding during the period used to compute basic earnings per share	21,343	21,154	21,250	20,815
Incremental common shares attributable to exercise of outstanding options and warrants	2,810	4,064	3,090	4,516
Weighted average number of common shares used to compute diluted earnings per share	24,153	25,218	24,340	25,331

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings per share:
Antidilutive shares	1.6	1.5	1.7	1.5

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Effective Income Tax Rate Reconciliation [Line Items]
Net deferred tax asset	$ 1,600,000		$ 1,600,000
Income tax expense	$ 2,100,000	$ 3,800,000	$ 6,000,000	$ 13,100,000
Effective income tax rate reconciliation, percent	30%	27%	30%	26%
Domestic Tax Jurisdiction [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Net deferred tax asset	$ 667,000		$ 667,000
State and Local Jurisdiction [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Net deferred tax asset	$ 898,000		$ 898,000

Legal Proceedings (Details Narr

Legal Proceedings (Details Narrative) - USD ($) $ in Millions	Oct. 02, 2024	Sep. 30, 2024
Subsequent Event [Line Items]
Probable legal contingencies		$ 2.3
Maximum possible losses for legal proceedings and contingencies		$ 4.3
Subsequent Event [Member]
Subsequent Event [Line Items]
Settlement claims	$ 1.1

Fair Value Measurements (Detail

Fair Value Measurements (Details - Reconciliation of finance receivables) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Balance at beginning of period	$ 2,960,375	$ 2,618,420	$ 2,722,662	$ 2,476,617
Finance receivables at fair value acquired during period	442,126	300,539	1,195,886	958,587
Payments received on finance receivables at fair value	(217,945)	(203,775)	(637,844)	(625,715)
Net interest income accretion on fair value receivables	(57,746)	(49,644)	(164,394)	(143,949)
Mark to fair value	5,500	6,000	16,000	6,000
Balance at end of period	$ 3,132,310	$ 2,671,540	$ 3,132,310	$ 2,671,540

Fair Value Measurements (Deta_2

Fair Value Measurements (Details - Finance receivables to their contractual balances) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Finance receivables contractual balance	$ 3,321,329		$ 2,941,915
Finance receivables measured at fair value	$ 3,132,310	$ 2,960,375	$ 2,722,662	$ 2,671,540	$ 2,618,420	$ 2,476,617

Fair Value Measurements (Deta_3

Fair Value Measurements (Details - Level 3 fair value measurements) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Receivables, Fair Value Disclosure	$ 3,132,310	$ 2,722,662	$ 2,960,375	$ 2,671,540	$ 2,618,420	$ 2,476,617
Discount Rate on Finance Receivables	11.36%	11.35%
Cumulative Net Losses (Percent) on Finance Receivables	15.44%	15.25%

Fair Value Measurements (Deta_4

Fair Value Measurements (Details - Delinquency status) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Finance receivables	$ 3,321,329	$ 2,941,915
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables	2,857,495	2,520,158
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables	217,365	204,574
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables	102,088	101,057
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables	51,675	49,541
Repossessed Vehicles [Member]
Financing Receivable, Past Due [Line Items]
Finance receivables	$ 92,706	$ 66,585

Fair Value Measurements (Deta_5

Fair Value Measurements (Details - Fair values) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	$ 8,071	$ 6,174
Restricted cash and equivalents	270,981	119,257
Finance receivables, net	6,201	20,848
Accrued interest receivable	91	292
Warehouse lines of credit	105,783	234,025
Residual interest financing	99,127
Accrued interest payable	9,589	7,928
Securitization trust debt	2,897,538	2,183,331
Subordinated renewable notes	24,288	17,188
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	8,071	6,174
Restricted cash and equivalents	270,981	119,257
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	6,201	20,848
Accrued interest receivable	91	292
Warehouse lines of credit	105,783	234,025
Residual interest financing	99,127
Accrued interest payable	9,589	7,928
Securitization trust debt	2,897,538	2,183,331
Subordinated renewable notes	24,288	17,188
Carrying Value [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	8,071	6,174
Restricted cash and equivalents	270,981	119,257
Finance receivables, net	7,788	24,684
Accrued interest receivable	91	292
Warehouse lines of credit	105,783	234,025
Residual interest financing	99,127
Accrued interest payable	9,589	7,928
Securitization trust debt	2,875,777	2,265,446
Subordinated renewable notes	$ 24,288	$ 17,188