Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2019

The following is a summary of the Company’s long-term debt as of the periods indicated:


	March 31, 2019							December 31, 2018
In thousands	Long-Term Debt		Unamortized Debt Issuance Costs			Net Long-Term Debt		Long-Term Debt		Unamortized Debt Issuance Costs			Net Long-Term Debt
Senior revolving credit facility	$	300,360	$	(1,574	)	$	298,786	$	328,074	$	(1,604	)	$	326,470
Amortizing loan		16,877		(151	)		16,726		21,642		(201	)		21,441
Revolving warehouse credit facility		30,954		(1,696	)		29,258		30,126		(1,899	)		28,227
RMIT 2018-1 securitization		150,246		(2,526	)		147,720		150,246		(2,849	)		147,397
RMIT 2018-2 securitization		130,349		(2,391	)		127,958		130,419		(2,605	)		127,814

Total	$	628,786	$	(8,338	)	$	620,448	$	660,507	$	(9,158	)	$	651,349

Unused amount of revolving credit facilities (subject to borrowing base)	$	433,440						$	406,600

Variable Interest Entity, Primary Beneficiary [Member]

Schedule of Carrying Amounts of Consolidated VIE Assets and Liabilities

The carrying amounts of consolidated VIE assets and liabilities are as follows:


In thousands	March 31, 2019			December 31, 2018
Assets
Cash	$	168		$	168
Finance receivables		340,396			342,481
Allowance for credit losses		(17,875	)		(18,378	)
Restricted cash		31,547			39,361
Other assets		110			75

Total assets	$	354,346		$	363,707

Liabilities
Net long-term debt	$	321,662		$	324,879
Accounts payable and accrued expenses		57			25

Total liabilities	$	321,719		$	324,904

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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