Long Term Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt Instruments

Debt instruments, excluding vehicle floorplan facilities, which are discussed in Note 10 — Vehicle Floorplan Facilities, and warehouse credit facilities of consolidated VIEs, which are discussed in Note 11 — Warehouse Credit Facilities of Consolidated VIEs, consisted of the following (in thousands):

	March 31,		December 31,
	2022		2021
Current portion of securitization debt of consolidated VIEs	$	138,935	$	—
Convertible senior notes		611,424		610,618
Securitization debt of consolidated VIEs, net of current portion		65,692		—
Junior subordinated debentures		10,310		—
Long term debt, net of current portion	$	687,426	$	610,618
Total debt	$	826,361	$	610,618

Schedule of Securitization Debt of Consolidated VIEs

The debt issued is included in "Long Term Debt" on the consolidated balance sheet. The securitization debt of consolidated VIEs consisted of the following (in thousands):

As of March 31, 2022
Series	Final Scheduled Payment Date	Initial Principal		Contractual Interest Rate		Outstanding Principal		Fair Value
United Auto Credit 2020-1-C	February 10, 2025	$	32,780	2.15	%	$	10,748	$	10,750
United Auto Credit 2020-1-D	February 10, 2025		31,450	2.88	%		31,450		31,532
United Auto Credit 2020-1-E	February 10, 2025		18,730	5.19	%		18,730		18,897
United Auto Credit 2020-1-F	January 12, 2026		7,360	9.08	%		7,360		7,389
United Auto Credit 2021-1-A	July 10, 2023		122,070	0.34	%		11,433		11,422
United Auto Credit 2021-1-B	March 11, 2024		33,540	0.68	%		33,540		33,382
United Auto Credit 2021-1-C	June 10, 2026		29,640	0.84	%		29,640		29,228
United Auto Credit 2021-1-D	June 10, 2026		29,380	1.14	%		29,380		28,560
United Auto Credit 2021-1-E	June 10, 2026		20,800	2.58	%		20,800		19,962
United Auto Credit 2021-1-F	September 10, 2027		13,910	4.30	%		13,910		13,505
		$	339,660			$	206,991	$	204,627

Schedule of Aggregate Principal Balance and Fair Value of Finance Receivables Pledged to Securitization Debt

The aggregate principal balance and the fair value of finance receivables pledged to the securitization debt consists of the following (in thousands):

	As of March 31, 2022
	Aggregate Principal Balance		Fair Value
United Auto Credit 2020-1	$	76,086	$	62,338
United Auto Credit 2021-1		142,157		127,131
Total finance receivables of CFEs	$	218,243	$	189,469