Segment Reporting

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

We operate primarily within one industry consisting of two reportable segments by which we manage our business. Our two reportable segments are:  Credit and Other Investments, and Auto Finance.

As of both September 30, 2016 and December 31, 2015, we did not have a material amount of long-lived assets located outside of the U.S., and only a negligible portion of our revenues for the nine months ended September 30, 2016 and 2015 were generated outside of the U.S.

We measure the profitability of our reportable segments based on their income after allocation of specific costs and corporate overhead; however, our segment results do not reflect any charges for internal capital allocations among our segments. Overhead costs are allocated based on headcounts and other applicable measures to better align costs with the associated revenues.

Summary operating segment information (in thousands) is as follows:

Three months ended September 30, 2016	Credit and Other Investments			Auto Finance			Total
Interest income:
Consumer loans, including past due fees	$	16,701		$	7,352		$	24,053
Other	36			—			36
Total interest income	16,737			7,352			24,089
Interest expense	(4,944		)	(313		)	(5,257		)
Net interest income before fees and related income on earning assets and provision for losses on loans and fees receivable	$	11,793		$	7,039		$	18,832
Fees and related income on earning assets	$	92		$	(17	)	$	75
Servicing income	$	645		$	240		$	885
Gain on repurchase of convertible senior notes	$	—		$	—		$	—
Depreciation of rental merchandise	$	(458	)	$	—		$	(458	)
Equity in income of equity-method investee	$	629		$	—		$	629
(Loss) income before income taxes	$	(15,709	)	$	1,978		$	(13,731	)
Income tax benefit (expense)	$	5,296		$	(630	)	$	4,666
Nine months ended September 30, 2016	Credit and Other Investments			Auto Finance			Total
Interest income:
Consumer loans, including past due fees	$	42,018		$	21,645		$	63,663
Other	188			—			188
Total interest income	42,206			21,645			63,851
Interest expense	(13,735		)	(958		)	(14,693		)
Net interest income before fees and related income on earning assets and provision for losses on loans and fees receivable	$	28,471		$	20,687		$	49,158
Fees and related income on earning assets	$	13,761		$	79		$	13,840
Servicing income	$	2,569		$	744		$	3,313
Gain on repurchase of convertible senior notes	$	1,037		$	—		$	1,037
Depreciation of rental merchandise	$	(5,172	)	$	—		$	(5,172	)
Equity in income of equity-method investee	$	1,956		$	—		$	1,956
(Loss) income before income taxes	$	(13,047	)	$	4,996		$	(8,051	)
Income tax benefit (expense)	$	5,500		$	(1,689	)	$	3,811
Total assets	$	267,390		$	68,440		$	335,830

Three months ended September 30, 2015	Credit and Other Investments			Auto Finance			Total
Interest income:
Consumer loans, including past due fees	$	9,902		$	6,961		$	16,863
Other	10			—			10
Total interest income	9,912			6,961			16,873
Interest expense	(4,349		)	(304		)	(4,653		)
Net interest income before fees and related income on earning assets and provision for losses on loans and fees receivable	$	5,563		$	6,657		$	12,220
Fees and related income on earning assets	$	14,577		$	2,100		$	16,677
Servicing income	$	890		$	234		$	1,124
Depreciation of rental merchandise	$	(9,847	)	$	—		$	(9,847	)
Equity in income of equity-method investee	$	431		$	—		$	431
(Loss) income before income taxes	$	(3,853	)	$	3,379		$	(474	)
Income tax benefit (expense)	$	2,067		$	(1,164	)	$	903
Nine months ended September 30, 2015	Credit and Other Investments			Auto Finance			Total
Interest income:
Consumer loans, including past due fees	$	30,520		$	20,655		$	51,175
Other	52			—			52
Total interest income	30,572			20,655			51,227
Interest expense	(12,828		)	(911		)	(13,739		)
Net interest income before fees and related income on earning assets and provision for losses on loans and fees receivable	$	17,744		$	19,744		$	37,488
Fees and related income on earning assets	$	40,333		$	2,314		$	42,647
Servicing income	$	3,428		$	646		$	4,074
Depreciation of rental merchandise	$	(31,470	)	$	—		$	(31,470	)
Equity in income of equity-method investee	$	2,213		$	—		$	2,213
(Loss) income before income taxes	$	(3,246	)	$	6,956		$	3,710
Income tax benefit (expense)	$	2,419		$	(2,338	)	$	81
Total assets	$	201,706		$	69,310		$	271,016