Investment in Receivable Portfolios, Net (Tables)

3 Months Ended

Mar. 31, 2021

The table below provides the detail on the establishment of negative allowance for expected recoveries of portfolios purchased during the periods presented (in thousands):


	Three Months Ended March 31,
	2021		2020
Purchase price	$	170,178	$	214,113
Allowance for credit losses	374,575		521,194
Amortized cost	544,753		735,307
Noncredit discount	784,112		967,715
Face value	1,328,865		1,703,022
Write-off of amortized cost	(544,753)		(735,307)
Write-off of noncredit discount	(784,112)		(967,715)
Negative allowance	170,178		214,113
Negative allowance for expected recoveries - current period purchases	$	170,178	$	214,113

Schedule of Investment in Receivable Portfolios

The following table summarizes the changes in the balance of the investment in receivable portfolios during the periods presented (in thousands):


	Three Months Ended March 31,
	2021		2020
Balance, beginning of period	$	3,291,918	$	3,328,150
Purchases of receivable portfolios	170,178		214,113

Put-backs and Recalls	(3,153)		(5,068)
Disposals and transfers to assets held for sale	(1,665)		(1,531)
Cash collections	(606,461)		(527,279)
Revenue from receivable portfolios	338,018		357,365
Changes in expected current period recoveries	91,401		10,315
Changes in expected future period recoveries	(46,864)		(108,976)
Foreign currency adjustments	(7,694)		(101,071)
Balance, end of period	$	3,225,678	$	3,166,018