3. Securitization Trust Debt (Tables)

3 Months Ended

Mar. 31, 2016

Securitization Trust Debt

Securitization trust debt

Series		Final Scheduled Payment Date (1)	Receivables Pledged at March 31, 2016 (2)		Initial Principal		Outstanding Principal at March 31, 2016		Outstanding Principal at December 31, 2015		Weighted Average Contractual Interest Rate at March 31, 2016
		(Dollars in thousands)
	CPS 2011-B	September 2018	$	–	$	109,936	$	–	$	10,023		–
	CPS 2011-C	March 2019		11,958		119,400		12,000		14,785		4.91%
	CPS 2012-A	June 2019		14,785		155,000		13,461		16,795		3.09%
	CPS 2012-B	September 2019		22,682		141,500		22,490		26,758		3.06%
	CPS 2012-C	December 2019		26,217		147,000		26,004		30,653		2.36%
	CPS 2012-D	March 2020		33,015		160,000		31,916		37,464		1.90%
	CPS 2013-A	June 2020		50,001		185,000		48,693		56,583		1.80%
	CPS 2013-B	September 2020		62,166		205,000		60,768		70,332		2.33%
	CPS 2013-C	December 2020		73,202		205,000		72,651		82,851		3.68%
	CPS 2013-D	March 2021		72,948		183,000		71,963		82,337		3.19%
	CPS 2014-A	June 2021		82,550		180,000		82,371		92,571		2.67%
	CPS 2014-B	September 2021		108,109		202,500		108,183		121,515		2.35%
	CPS 2014-C	December 2021		165,468		273,000		165,152		183,802		2.54%
	CPS 2014-D	March 2022		178,281		267,500		179,567		198,533		2.75%
	CPS 2015-A	June 2022		184,209		245,000		183,802		201,527		2.57%
	CPS 2015-B	September 2022		207,940		250,000		206,213		221,587		2.64%
	CPS 2015-C	December 2022		271,082		300,000		266,817		283,482		3.03%
	CPS 2016-A	March 2023		328,330		329,460		316,400		–		3.32%
			$	1,892,943	$	3,658,296	$	1,868,451	$	1,731,598

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(1) The Final Scheduled Payment Date represents final legal maturity of the securitization trust debt. Securitization trust debt is expected to become due and to be paid prior to those dates, based on amortization of the finance receivables pledged to the trusts. Expected payments, which will depend on the performance of such receivables, as to which there can be no assurance, are $555.0 million in 2016, $594.2 million in 2017, $385.4 million in 2018, $216.8 million in 2019, $97.9 million in 2020, $19.2 million in 2021.

(2) Includes repossessed assets that are included in Other assets on our Unaudited Condensed Consolidated Balance Sheet.