Notes Payable (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of structured financing notes at fair value

Scheduled (in millions) in the table below are (1) the carrying amount of our structured financing note secured by certain credit card receivables and reported at fair value as of September 30, 2016 and December 31, 2015, (2) the outstanding face amount of our structured financing note secured by certain credit card receivables and reported at fair value as of September 30, 2016, and (3) the carrying amount of the credit card receivables and restricted cash that provide the exclusive means of repayment for the note (i.e., lenders have recourse only to the specific credit card receivables and restricted cash underlying each respective facility and cannot look to our general credit for repayment) as of September 30, 2016 and December 31, 2015.

	Carrying Amounts at Fair Value as of
	September 30, 2016		December 31, 2015
Amortizing securitization facility issued out of our upper-tier originated portfolio master trust (stated maturity of December 2021), outstanding face amount of $102.7 million ($107.0 million as of December 31, 2015) bearing interest at a weighted average 5.9% interest rate (5.6% as of December 31, 2015), which is secured by credit card receivables and restricted cash aggregating $14.4 million ($21.0 million as of December 31, 2015) in carrying amount	$	14.4	$	21.0

Schedule of structured financing notes at face value

Other notes payable outstanding as of September 30, 2016 and December 31, 2015 that are secured by the financial and operating assets of either the borrower, another of our subsidiaries or both, include the following, scheduled (in millions); except as otherwise noted, the assets of our holding company (Atlanticus Holdings Corporation) are subject to creditor claims under these scheduled facilities:

	As of
	September 30, 2016		December 31, 2015
Revolving credit facilities at a weighted average rate equal to 4.9% (4.4% at December 31, 2015) secured by the financial and operating assets of CAR and/or certain receivables and restricted cash with a combined aggregate carrying amount of $105.8 million ($97.4 million at December 31, 2015)
Revolving credit facility (expiring October 4, 2017) (1) (5)	$	25.2	$	28.9
Revolving credit facility (expiring October 29, 2017) (2) (3)	34.7		24.9
Amortizing facilities at a weighted average rate equal to 5.3% (5.4% at December 31, 2015) secured by certain receivables and restricted cash with a combined aggregate carrying amount of $67.4 million ($41.6 million as of December 31, 2015)
Amortizing debt facility (expiring July 14, 2017) (2) (3)	29.2		23.0
Amortizing debt facility (repaid in June 2016) (2) (3)	—		9.2
Amortizing debt facility (expiring August 17, 2018) (2) (3)	5.4		4.0
Amortizing debt facility (expiring August 24, 2018) (2) (3)	13.4		—
Amortizing debt facility (expiring September 1, 2017) (2) (3)	10.0		—
Other facilities
Senior secured term loan to related parties (expiring November 22, 2016) that is secured by certain assets of the Company with an annual rate equal to 9.0% (4)	40.0		20.0
Total notes payable outstanding	$	157.9	$	110.0

(1) Loan is subject to certain affirmative covenants, including a coverage ratio, a leverage ratio and a collateral performance test, the failure of which could result in required early repayment of all or a portion of the outstanding balance by our CAR Auto Finance operations.

(2) Loans are subject to certain affirmative covenants tied to default rates and other performance metrics the failure of which could result in required early repayment of the remaining unamortized balances of the notes.

(3) These notes reflect modifications to either extend the maturity date, increase the loaned amount or both.

(4) See below for additional information regarding this note.

(5) Loan was repaid in October 2016. See additional information below.