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Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Schedule of the Components of Loans Receivable, Net
Accounts receivable, net of allowances, consist of the following: 
(In Thousands)
March 31, 2020

December 31, 2019
Customers
$
68,319

 
$
76,819

Corporate
9,844

 
14,109

Franchisee
9,210

 
13,231

Accounts Receivable
$
87,373

 
$
104,159


The following is a summary of the Company’s loans receivable, net:
(In Thousands)
March 31, 2020
 
December 31, 2019
Loans Receivable, Gross
$
99,453

 
$
96,387

   Unamortized Fees
(6,712
)
 
(6,223
)
Loans Receivable, Amortized Cost
92,741

 
90,164

   Allowance for Loan Losses
(31,594
)
 
(14,911
)
Loans Receivable, Net of Allowances and Unamortized Fees
$
61,147

 
$
75,253
Loan Portfolio Credit Quality Indicators Below is a summary of the credit quality of the Company's loan portfolio as of March 31, 2020 and December 31, 2019 by Fair Isaac and Company (FICO) score as determined at the time of loan origination:
FICO Score Category
March 31, 2020
 
December 31, 2019
600 or Less
7.6
%
 
6.7
%
Between 600 and 700
79.7
%
 
80.1
%
700 or Greater
12.7
%
 
13.2
%

The table below presents credit quality indicators of the amortized cost of the Company's loans receivable by origination year:
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
As of March 31, 2020
2020
 
2019
 
2018
 
2017
 
2016
 
Prior
 
Total
FICO Score Category:
 
 
 
 
 
 
 
 
 
 
 
 
 
600 or Less
$
2,278

 
$
3,823

 
$
1,034

 
$
176

 
$
105

 
$
19

 
$
7,435

Between 600 and 700
14,645

 
32,952

 
13,206

 
7,547

 
4,229

 
1,082

 
73,661

700 or Greater
2,414

 
4,374

 
2,086

 
1,392

 
1,114

 
265

 
11,645

Total Amortized Cost
$
19,337

 
$
41,149

 
$
16,326

 
$
9,115

 
$
5,448

 
$
1,366

 
$
92,741
Aging of the Loans Receivable Balance
Included in the table below is an aging of the loans receivable, gross balance:
(Dollar Amounts in Thousands)
 
 
 
Aging Category1
March 31, 2020
 
December 31, 2019
30-59 days past due
6.2
%
 
6.9
%
60-89 days past due
3.2
%
 
3.6
%
90 or more days past due
4.7
%
 
5.0
%
Past due loans receivable
14.1
%
 
15.5
%
Current loans receivable
85.9
%
 
84.5
%
Balance of Credit Card Loans on Nonaccrual Status
$
2,562

 
$
2,284

Balance of Loans Receivable 90 or More Days Past Due and Still Accruing Interest and Fees
$
—

 
$
—


1 Customers that were granted a payment deferral due to factors caused by the COVID-19 pandemic maintained their delinquency status for an additional 30 days. This did not materially impact the aging disclosed above.
Components of the Allowance for Loan Losses
The tables below present the components of the allowance for loan losses for the three months ended March 31, 2020 and 2019:
 
Three Months Ended March 31,
(In Thousands)
2020
 
2019
Beginning Balance
$
14,911

 
$
12,970

CECL Transition Adjustment1
9,463

 
—

Provision for Loan Losses
12,722

 
4,255

Charge-offs
(6,201
)
 
(5,484
)
Recoveries
699

 
622

Ending Balance
$
31,594

 
$
12,363


1 Upon the January 1, 2020 adoption of CECL as further described in Note 1 to these condensed consolidated financial statements, the Company increased its allowance for loan losses by $9.5 million, which was recorded as a cumulative-effect adjustment to the opening balance of the Company's 2020 retained earnings adjustment.