Vehicle Service Agreement Liability (Tables)

9 Months Ended

Sep. 30, 2019

Guarantees and Product Warranties [Abstract]

Schedule of Product Warranty Liability

A reconciliation of the changes in the vehicle service agreement liability, including deferred service fees related to vehicle service agreements, as of September 30, 2019 and September 30, 2018 were as follows:

(in thousands)	September 30, 2019			September 30, 2018
Balance at January 1, net	$	43,734		$	40,794
Vehicle service agreement liability acquired during the year related to the purchase of Geminus	10,792			—
Gross service fees for vehicle service agreements sold	22,941			17,247
Recognition of service fees on vehicle service agreements	(20,489		)	(14,421		)
Liability for claims authorized on vehicle service agreements	6,838			4,206
Payments of claims authorized on vehicle service agreements	(4,305		)	(4,378		)
Re-estimation of deferred service fees	(351		)	(252		)
Balance at September 30, net	$	59,160		$	43,196

Components of Vehicle Service Agreement Liability

The vehicle service agreement liability is presented as components of deferred services fees and accrued expenses and other liabilities in the consolidated balance sheets as follows:

(in thousands)	September 30,		December 31,
	2019		2018
Deferred service fees	$	58,630	$	43,495
Accrued expenses and other liabilities	530		239
Balance at end of period, net	$	59,160	$	43,734