2. Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Schedule of financial receivables

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

	March 31,		December 31,
	2019		2018
Finance receivables	(In thousands)
Automobile finance receivables, net of unearned interest	$	1,341,131	$	1,518,395
Unearned acquisition fees and originations costs		3,229		3,690
Finance receivables	$	1,344,360	$	1,522,085

Schedule of delinquency status of finance receivables

The following table summarizes the delinquency status of finance receivables as of March 31, 2019 and December 31, 2018:

	March 31,		December 31,
	2019		2018
	(In thousands)
Delinquency Status
Current	$	1,136,824	$	1,262,730
31 - 60 days		121,505		157,688
61 - 90 days		56,654		66,134
91 + days		26,148		31,843
	$	1,341,131	$	1,518,395

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 periods ended March 31, 2019 and 2018:

	Three Months Ended
	March 31,
	2019			2018
	(In thousands)
Balance at beginning of period	$	67,376		$	109,187
Provision for credit losses on finance receivables		23,956			40,507
Charge-offs		(52,510	)		(56,102	)
Recoveries		9,374			7,252
Balance at end of period	$	48,196		$	100,844

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:

	March 31,			December 31,
	2019			2018
	(In thousands)
Gross balance of repossessions in inventory	$	36,188		$	33,462
Allowance for losses on repossessed inventory		(26,397	)		(24,564	)
Net repossessed inventory included in other assets	$	9,791		$	8,898