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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
ASSETS:    
Cash and cash equivalents $ 159,700,000 $ 13,200,000
Restricted cash and cash equivalents 556,600,000 457,700,000
Debt Securities, Available-for-sale, Restricted 113,900,000 93,200,000
Loans receivable [1],[2] 11,197,600,000 10,020,100,000
Allowance for credit losses (3,416,100,000) (3,064,800,000)
Loans receivable, net 7,781,500,000 6,955,300,000
Property and equipment, net 15,200,000 46,500,000
Income taxes receivable 26,400,000 4,300,000
Other assets 29,900,000 40,000,000.0
Total assets 8,683,200,000 7,610,200,000
Liabilities:    
Accounts payable and accrued liabilities 364,400,000 318,800,000
Revolving secured lines of credit 1,000,000.0 79,200,000
Secured financing 5,257,100,000 3,990,900,000
Senior notes 990,800,000 989,000,000.0
Mortgage note 0 8,400,000 [3]
Deferred income taxes, net 423,200,000 389,200,000
Income taxes payable 200,000 81,000,000.0
Total liabilities 7,036,700,000 5,856,500,000
Commitments and Contingencies - See Note 16
Shareholders' Equity:    
Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued 0 0
Common stock, $.01 par value, 80,000,000 shares authorized, 12,111,600 and 12,522,397 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 100,000 100,000
Paid-in capital 324,500,000 279,000,000.0
Retained earnings 1,321,000,000 1,475,600,000
Accumulated other comprehensive income (loss) 900,000 (1,000,000.0)
Total shareholders’ equity 1,646,500,000 1,753,700,000
Total liabilities and shareholders’ equity $ 8,683,200,000 $ 7,610,200,000
Preferred stock, par value (in usd per share) $ 0.01 $ 0.01
Preferred stock, shares authorized 1,000,000 1,000,000
Preferred stock, shares issued 0 0
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, shares authorized 80,000,000 80,000,000
Common stock, shares issued 12,111,600 12,522,397
Balance, shares 12,111,600 12,522,397
[1] As Consumer Loans are aggregated by Dealer for purposes of recognizing revenue and measuring credit losses, the Dealer Loan amount was estimated by allocating the balance of each Dealer Loan to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.
[2] As certain Consumer Loans are aggregated by Dealer or month of purchase for purposes of recognizing revenue and measuring credit losses, the Purchased Loan amount was estimated by allocating the balance of certain Purchased Loans to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.
[3] Measured at amortized cost with fair value disclosed.