2. Finance Receivables (Tables)

6 Months Ended

Jun. 30, 2018

Finance Receivables

Schedule of financial receivables

The following table presents the components of Finance Receivables, net of unearned interest:

	June 30,		December 31,
	2018		2017
Finance receivables	(In thousands)
Automobile finance receivables, net of unearned interest	$	1,882,599	$	2,298,608
Unearned acquisition fees and originations costs		4,931		6,376
Finance receivables	$	1,887,530	$	2,304,984

Schedule of delinquency status of finance receivables

The following table summarizes the delinquency status of finance receivables as of June 30, 2018 and December 31, 2017:

	June 30,		December 31,
	2018		2017
	(In thousands)
Delinquency Status
Current	$	1,689,353	$	2,069,617
31 - 60 days		120,042		138,395
61 - 90 days		50,866		63,081
91 + days		22,338		27,515
	$	1,882,599	$	2,298,608

Schedule of allowance for credit losses

The following table presents a summary of the activity for the allowance for finance credit losses for the three-month and six-month periods ended June 30, 2018 and 2017:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2018			2017			2018			2017
	(In thousands)						(In thousands)
Balance at beginning of period	$	100,844		$	99,255		$	109,187		$	95,578
Provision for credit losses on finance receivables		35,531			48,550			76,038			95,717
Charge-offs		(53,493	)		(48,474	)		(109,595	)		(98,773	)
Recoveries		11,494			7,984			18,746			14,793
Balance at end of period	$	94,376		$	107,315		$	94,376		$	107,315

Schedule of allowance for losses on repossessed inventory

The following table presents a summary of such repossessed inventory together with the allowance for losses in repossessed inventory that is not included in the allowance for finance credit losses:

	June 30,			December 31,
	2018			2017
	(In thousands)
Gross balance of repossessions in inventory	$	33,673		$	33,679
Allowance for losses on repossessed inventory		(24,063	)		(24,024	)
Net repossessed inventory included in other assets	$	9,610		$	9,655