2020 Q4 Form 10-K Financial Statement

#000125860221000027 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q1 2020
Revenue $326.1M $189.2M $619.7M
YoY Change -20.41% -24.5% -34.68%
Cost Of Revenue $76.60M $28.39M $105.0M
YoY Change -55.47% 9.95% 2.93%
Gross Profit $249.5M $160.8M $514.6M
YoY Change 4.96% -28.46% -39.21%
Gross Profit Margin 76.51% 85.0% 83.05%
Selling, General & Admin $136.6M $119.9M $515.7M
YoY Change 6.8% 5.27% 8.27%
% of Gross Profit 54.75% 74.56% 100.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.30M $48.76M $198.5M
YoY Change -1.79% 3.87% 3.02%
% of Gross Profit 19.76% 30.32% 38.57%
Operating Expenses $213.9M $190.9M $781.1M
YoY Change 14.81% 6.6% 2.4%
Operating Profit $35.60M -$30.11M -$266.5M
YoY Change -30.74% -165.91% -417.88%
Interest Expense -$1.700M $134.1M $330.1M
YoY Change -525.0% -30.06% -52.8%
% of Operating Profit -4.78%
Other Income/Expense, Net $45.39M $43.38M $160.6M
YoY Change -2.82% -0.99% -17.35%
Pretax Income $302.2M -$49.90M $450.5M
YoY Change 493.71% -194.08% 154.88%
Income Tax $70.57M -$10.13M $100.9M
% Of Pretax Income 23.35% 22.39%
Net Earnings $235.0M -$40.53M $352.4M
YoY Change 454.49% -197.45% 148.54%
Net Earnings / Revenue 72.06% -21.42% 56.88%
Basic Earnings Per Share $9.02
Diluted Earnings Per Share $6.104M -$1.028M $9.02
COMMON SHARES
Basic Shares Outstanding 39.06M shares
Diluted Shares Outstanding 39.06M shares

Balance Sheet

Concept 2020 Q4 2020 Q1 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $511.9M $288.2M $121.0M
YoY Change 156.58% 97.48% -9.7%
Cash & Equivalents $121.2M $204.8M $121.0M
Short-Term Investments $390.6M $83.31M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $76.00M $63.00M $76.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $197.0M $268.0M $197.0M
YoY Change -79.96% -69.09% -79.96%
LONG-TERM ASSETS
Property, Plant & Equipment $123.5M $351.1M $142.0M
YoY Change -64.53% 7.1% -62.73%
Goodwill $142.1M $156.9M
YoY Change -9.44% 0.0%
Intangibles $75.07M $74.13M
YoY Change -7.93% -29.93%
Long-Term Investments $993.0M $254.0M $993.0M
YoY Change 302.02% 9.96% 302.02%
Other Assets $837.0M $895.0M $837.0M
YoY Change -23.14% -8.39% -23.14%
Total Long-Term Assets $22.45B $23.01B $22.45B
YoY Change -1.22% -3.53% -1.22%
TOTAL ASSETS
Total Short-Term Assets $197.0M $268.0M $197.0M
Total Long-Term Assets $22.45B $23.01B $22.45B
Total Assets $22.65B $23.28B $22.65B
YoY Change -4.48% -5.83% -4.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $301.0M $220.0M $301.0M
YoY Change -31.28% 1.85% -31.28%
Accrued Expenses $29.00M $44.00M $53.00M
YoY Change -64.2% -54.64% -38.37%
Deferred Revenue
YoY Change
Short-Term Debt $55.00M $0.00 $55.00M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $385.0M $264.0M $409.0M
YoY Change -25.82% -15.65% -21.95%
LONG-TERM LIABILITIES
Long-Term Debt $19.32B $20.47B $19.32B
YoY Change -5.88% -6.27% -5.88%
Other Long-Term Liabilities $312.0M $224.0M $288.0M
YoY Change 15.56% -7.44% 8.68%
Total Long-Term Liabilities $19.63B $20.69B $19.61B
YoY Change -5.61% -6.28% -5.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $385.0M $264.0M $409.0M
Total Long-Term Liabilities $19.63B $20.69B $19.61B
Total Liabilities $20.02B $20.95B $20.01B
YoY Change -6.1% -6.42% -6.13%
SHAREHOLDERS EQUITY
Retained Earnings $2.622B $2.359B
YoY Change 10.27% 1.61%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.632B $2.321B $2.632B
YoY Change
Total Liabilities & Shareholders Equity $22.65B $23.28B $22.65B
YoY Change -4.48% -5.83% -4.48%

Cashflow Statement

Concept 2020 Q4 2020 Q1 2020
OPERATING ACTIVITIES
Net Income $235.0M -$40.53M $352.4M
YoY Change 454.49% -197.45% 148.54%
Depreciation, Depletion And Amortization $49.30M $48.76M $198.5M
YoY Change -1.79% 3.87% 3.02%
Cash From Operating Activities $39.80M -$144.5M $212.8M
YoY Change -74.49% 3.43% -28.8%
INVESTING ACTIVITIES
Capital Expenditures -$32.60M $25.56M $113.3M
YoY Change 31.45% 3.01% 22.5%
Acquisitions $29.99M
YoY Change
Other Investing Activities -$299.8M $32.89M $168.2M
YoY Change -184.02% 105.96% 62.92%
Cash From Investing Activities -$332.4M $105.7M $621.2M
YoY Change -200.12% -72.65% -59.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $842.0K $71.71M
YoY Change -94.7% 84.53%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 349.5M -$83.48M -$1.098B
YoY Change -186.6% -78.45% -38.76%
NET CHANGE
Cash From Operating Activities 39.80M -$144.5M $212.8M
Cash From Investing Activities -332.4M $105.7M $621.2M
Cash From Financing Activities 349.5M -$83.48M -$1.098B
Net Change In Cash 56.90M -$122.3M -$264.2M
YoY Change -32.58% -13.14% -974.56%
FREE CASH FLOW
Cash From Operating Activities $39.80M -$144.5M $212.8M
Capital Expenditures -$32.60M $25.56M $113.3M
Free Cash Flow $72.40M -$170.0M $99.50M
YoY Change -59.96% 3.37% -51.79%

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CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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140383000 USD
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227533000 USD
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CY2019 us-gaap Comprehensive Income Net Of Tax
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9000 USD
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525000 USD
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6194000 USD
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4103000 USD
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4851000 USD
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7290000 USD
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73358000 USD
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600000 USD
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ProfitLoss
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ProfitLoss
227524000 USD
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198473000 USD
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192662000 USD
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StudentLoanDiscountAccretion
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StudentLoanDiscountAccretion
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63360000 USD
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ProvisionForLoanLossesExpensed
39000000 USD
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ProvisionForLoanLossesExpensed
23000000 USD
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DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-28144000 USD
CY2019 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2018 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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1014000 USD
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ProceedsFromPaymentsToTerminateAndOrAmendDerivativeInstruments
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ProceedsFromPaymentsToTerminateAndOrAmendDerivativeInstruments
10283000 USD
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-26747000 USD
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PaymentsForProceedsFromClearinghouse
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PaymentsForProceedsFromClearinghouse
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GainOnSaleOfInvestments
0 USD
CY2018 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
0 USD
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GainLossOnSalesOfLoansNet
33023000 USD
CY2019 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
17261000 USD
CY2018 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
0 USD
CY2020 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
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CY2019 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
3095000 USD
CY2018 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
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CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1924000 USD
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CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
359000 USD
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DeferredIncomeTaxExpenseBenefit
7974000 USD
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DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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ShareBasedCompensation
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ShareBasedCompensation
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AssetImpairmentCharges
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AssetImpairmentCharges
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AssetImpairmentCharges
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OtherNoncashIncomeExpense
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OtherNoncashIncomeExpense
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OtherNoncashIncomeExpense
2551000 USD
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IncreaseDecreaseInAccruedInterestReceivableNet
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CY2019 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
54586000 USD
CY2018 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
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IncreaseDecreaseInAccountsReceivable
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CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
55949000 USD
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IncreaseDecreaseInOtherOperatingAssets
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CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
19858000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4069000 USD
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IncreaseDecreaseInOperatingLeaseRightOfUseAsset
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CY2019 nni Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
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CY2018 nni Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
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CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-18584000 USD
CY2019 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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CY2018 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
11640000 USD
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IncreaseDecreaseInOtherOperatingLiabilities
35907000 USD
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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IncreaseDecreaseInOtherOperatingLiabilities
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IncreaseDecreaseInOperatingLeaseLiability
-9401000 USD
CY2019 nni Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-8678000 USD
CY2018 nni Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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IncreaseDecreaseInPayablesToCustomers
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CY2019 us-gaap Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
68078000 USD
CY2018 us-gaap Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
59388000 USD
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NetCashProvidedByUsedInOperatingActivities
212815000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
298915000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
270892000 USD
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PaymentsToAcquireFinanceReceivables
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CY2019 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
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CY2018 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
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CY2020 us-gaap Payments To Fund Longterm Loans To Related Parties
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CY2019 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
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CY2018 us-gaap Payments To Fund Longterm Loans To Related Parties
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ProceedsFromCollectionOfFinanceReceivables
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CY2019 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
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CY2018 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
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CY2020 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
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CY2019 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
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CY2018 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
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PaymentsToAcquireAvailableForSaleSecuritiesDebt
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CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1010000 USD
CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
46424000 USD
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ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
173784000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
105000 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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CY2020 us-gaap Proceeds From Securitizations Of Consumer Loans
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44213000 USD
CY2019 us-gaap Proceeds From Securitizations Of Consumer Loans
ProceedsFromSecuritizationsOfConsumerLoans
6593000 USD
CY2018 us-gaap Proceeds From Securitizations Of Consumer Loans
ProceedsFromSecuritizationsOfConsumerLoans
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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ProceedsFromInvestmentsAndNotesReceivables
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ProceedsFromInvestmentsAndNotesReceivables
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ProceedsFromInvestmentsAndNotesReceivables
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PaymentsToAcquirePropertyPlantAndEquipment
113312000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
92499000 USD
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PaymentsToAcquireBusinessesNetOfCashAcquiredAndProceedsFromDivestitureOfBusiness
29989000 USD
CY2019 nni Payments To Acquire Businesses Net Of Cash Acquired And Proceeds From Divestiture Of Business
PaymentsToAcquireBusinessesNetOfCashAcquiredAndProceedsFromDivestitureOfBusiness
0 USD
CY2018 nni Payments To Acquire Businesses Net Of Cash Acquired And Proceeds From Divestiture Of Business
PaymentsToAcquireBusinessesNetOfCashAcquiredAndProceedsFromDivestitureOfBusiness
12562000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Repayments Of Debt And Capital Lease Obligations
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CY2018 us-gaap Payments Of Debt Extinguishment Costs
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0 USD
CY2020 us-gaap Increase Decrease In Deposits
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CY2019 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
0 USD
CY2018 us-gaap Increase Decrease In Deposits
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0 USD
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ProceedsFromIssuanceOfCommonStock
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ProceedsFromIssuanceOfCommonStock
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CY2020 us-gaap Payments To Minority Shareholders
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CY2019 us-gaap Proceeds From Minority Shareholders
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PaymentsOfDividendsMinorityInterest
235000 USD
CY2018 us-gaap Payments Of Dividends Minority Interest
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
30210000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
250325000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1222601000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1192391000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
942066000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
958395000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1222601000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1192391000 USD
CY2020 us-gaap Interest Paid Net
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301570000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
657436000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
591394000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
29685000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17672000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
473000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
11488000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
9966000 USD
CY2018 us-gaap Operating Lease Payments
OperatingLeasePayments
0 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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Description of Business<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Nelnet, Inc. and its subsidiaries (“Nelnet” or the “Company”) is a diverse company with a purpose to serve others and a vision to make customers' dreams possible by delivering customer focused products and services. The largest operating businesses engage in loan servicing and education technology, services, and payment processing, and the Company also has a significant investment in communications. A significant portion of the Company's revenue is net interest income earned on a portfolio of federally insured student loans. The Company also makes investments to further diversify the Company both within and outside of its historical core education-related businesses, including, but not limited to, investments in real estate, early-stage and emerging growth companies, and renewable energy. Substantially all revenue from external customers is earned, and all long-lived assets are located, in the United States.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company was formed as a Nebraska corporation in 1978 to service federal student loans for two local banks. The Company built on this initial foundation as a servicer to become a leading originator, holder, and servicer of federal student loans, principally consisting of loans originated under the Federal Family Education Loan Program (“FFELP” or “FFEL Program”) of the U.S. Department of Education (the “Department”).</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Health Care and Education Reconciliation Act of 2010 (the “Reconciliation Act of 2010”) discontinued new loan originations under the FFEL Program, effective July 1, 2010, and requires that all new federal student loan originations be made directly by the Department through the Federal Direct Loan Program. This law does not alter or affect the terms and conditions of existing FFELP loans. As a result of this law, the Company no longer originates new FFELP loans. To reduce its reliance on interest income on student loans, the Company has expanded its services and products. This expansion has been accomplished through internal growth and innovation as well as business acquisitions.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's reportable operating segments include:</span></div><div style="text-align:justify;text-indent:31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:1pt"> Loan Servicing and Systems (“LSS”)</span></div><div style="text-align:justify;text-indent:31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:1pt"> Education Technology, Services, and Payment Processing (“ETS&amp;PP”)</span></div><div style="text-align:justify;text-indent:31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:1pt"> Communications</span></div><div style="text-align:justify;text-indent:31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:1pt"> Asset Generation and Management (“AGM”)</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:1pt"> Nelnet Bank</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A description of each reportable operating segment is included below. See note 15 for additional information on the Company's segment reporting.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Loan Servicing and Systems</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The primary service offerings of the Loan Servicing and Systems operating segment include:</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Servicing federally-owned student loans for the Department of Education</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Servicing FFELP loans</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Originating and servicing private education and consumer loans</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Backup servicing for FFELP, private education and consumer loans</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Providing student loan servicing software and other information technology products and services</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Customer acquisition, management services, and backup servicing for community solar developers</span></div><div style="margin-bottom:9pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Providing outsourced services including call center, processing, and marketing services</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LSS provides for the servicing of the Company's student loan portfolio and the portfolios of third parties. The loan servicing activities include loan conversion activities, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliations, and claim processing. These activities are performed internally for the Company's portfolio in addition to generating external fee revenue when performed for third-party clients. In addition, LSS provides backup servicing to third-parties, which allows a transfer of the customer’s servicing volume to the Company’s platform and becoming a full servicing customer if their existing servicer cannot perform their duties.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On February 7, 2018, NDS acquired Great Lakes Educational Loan Services, Inc. (“Great Lakes”). See note 8 for additional information related to this acquisition. Nelnet Servicing, LLC, (“Nelnet Servicing”), a subsidiary of the Company, and Great Lakes are two of four large private sector companies (referred to as Title IV Additional Servicers, or “TIVAS”) awarded a student loan servicing contract by the Department to provide additional servicing capacity for loans owned by the Department.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This segment also provides student loan servicing software, which is used internally and licensed to third-party student loan holders and servicers. These software systems have been adapted so that they can be offered as hosted servicing software solutions usable by third parties to service various types of student loans, including Federal Direct Loan Program and FFEL Program loans.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This segment also provides business process outsourcing primarily specializing in contact center management. The contact center solutions and services include taking inbound calls, helping with outreach campaigns and sales, interacting with customers through multi-channels, and processing and technology services.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Education Technology, Services, and Payment Processing</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Education Technology, Services, and Payment Processing segment (known as Nelnet Business Solutions (“NBS”)) provides service and technology to administrators, teachers, students, and families of K-12 schools and higher education institutions. The Company's payment processing services and technologies also serve customers outside of education.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the K-12 market, the Company (known as FACTS) offers (i) financial management, including tuition payment plans, financial needs assessment (grant and aid), incidental billing, advanced accounting, and payment forms; (ii) school administration solutions, including school information system software that automates the flow of information between school administrators, teachers, and parents and includes administrative processes such as admissions, enrollment, scheduling, cafeteria management, attendance, and grade book management; (iii) advancement (giving management), including a comprehensive donation platform that streamlines donor communications, organizes donor information, and provides access to data analysis and reporting; (iv) enrollment and communications, including website design and cost effective admissions software; (v) professional development and educational instruction services; and (vi) innovative technology products that aid in teacher and student evaluations. In the higher education market, the Company (known as Nelnet Campus Commerce) offers solutions including (i) tuition payment plans and (ii) payment technology and processing.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Outside of the education market, the Company also offers technology and payment services including electronic transfer and credit card processing, reporting, billing and invoicing, mobile and virtual terminal solutions, and specialized integrations to business software. In addition, this operating segment offers mobile first technology focused on increasing engagement, online giving, and communication for church and not-for-profit customers. Additionally, the Company may earn revenue for payment processing fees when families make tuition payments.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Communications</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ALLO Communications LLC (“ALLO”) provides pure fiber optic service to homes and businesses for internet, television, and telephone services. ALLO derives its revenue primarily from the sale of communication services to residential, governmental, and business customers in Nebraska and Colorado. Internet and television services include revenue from residential and business customers for subscriptions to ALLO's data and video products. ALLO data services provide high-speed internet access over ALLO's all-fiber network at various symmetrical speeds of up to 1 gigabit per second for residential customers and is capable of providing symmetrical speeds of over 1 gigabit per second for business customers. Telephone services include local and long distance telephone service, hosted PBX services, and other services.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On December 21, 2020 the Company deconsolidated ALLO from the Company’s consolidated financial statements due to ALLO’s recapitalization. The recapitalization of ALLO is not considered a strategic shift in the Company’s involvement with ALLO and ALLO’s results of operations, prior to deconsolidation, are presented by the Company as a reportable operating segment. See note 2, “Recent Developments - ALLO Recapitalization,” for a description of this transaction and the Company’s continued involvement.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Asset Generation and Management</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's Asset Generation and Management operating segment includes the acquisition, management, and ownership of the Company's loan assets (excluding loan assets held by Nelnet Bank). Substantially all loan assets included in this segment are student loans originated under the FFEL Program, including the Stafford Loan Program, the PLUS Loan program, and loans that reflect the consolidation into a single loan of certain previously separate borrower obligations (“Consolidation” loans). AGM also acquires private education and consumer loans. AGM generates a substantial portion of its earnings from the spread, referred to as the Company's loan spread, between the yield it receives on its loan portfolio and the associated costs to finance such portfolio. The loan assets are held in a series of lending subsidiaries and associated securitization trusts designed specifically for this purpose. In addition to the loan spread earned on its portfolio, all costs and activity associated with managing the portfolio, such as servicing of the assets and debt maintenance, are included in this segment.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Nelnet Bank</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 2, 2020, the Company obtained final approval from the Federal Deposit Insurance Corporation ("FDIC") for federal deposit insurance and for a bank charter from the Utah Department of Financial Institutions ("UDFI") in connection with the establishment of Nelnet Bank, and Nelnet Bank launched operations. Nelnet Bank operates as an internet Utah-chartered industrial bank franchise focused on the private education loan marketplace, with a home office in Salt Lake City, Utah.</span></div><div style="margin-bottom:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Corporate and Other Activities</span></div><div style="margin-bottom:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other business activities and operating segments that are not reportable are combined and included in Corporate and Other Activities. Corporate and Other Activities include the following items:</span></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">The operating results of Whitetail Rock Capital Management, LLC (“WRCM”), the Company's SEC-registered investment advisor subsidiary</span></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Income earned on certain investment activities, including renewable energy (solar) and real estate</span></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Interest expense incurred on unsecured and certain other corporate related debt transactions</span></div><div style="margin-bottom:9pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Other product and service offerings that are not considered reportable operating segments</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Corporate and Other Activities also include certain corporate activities and overhead functions related to executive management, internal audit, human resources, accounting, legal, enterprise risk management, information technology, occupancy, and marketing. These costs are allocated to each operating segment based on estimated use of such activities and services.</span></div>
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CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts previously reported have been reclassified to conform to the current period presentation. These reclassifications include:</span></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Reclassifying the line item "accrued interest receivable" on the Company's consolidated balance sheet to "loans and accrued interest receivable" and "investments";</span></div><div style="margin-bottom:9pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Reclassifying "gain on sale of loans" that was previously included in "other income" to a new line item on the Company's consolidated statements of income; and</span></div>•Reclassifying “impairment expense” that was previously included in “other expenses” to a new line on the Company’s consolidated statements of income.
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make a number of estimates and assumptions that affect the reported amounts of assets and liabilities, reported amounts of revenues and expenses, and other disclosures. Actual results may differ from those estimates.</span></div>
CY2020Q4 nni Purchased Accrued Interest
PurchasedAccruedInterest
92300000 USD
CY2019Q4 nni Purchased Accrued Interest
PurchasedAccruedInterest
112900000 USD
CY2018Q4 nni Purchased Accrued Interest
PurchasedAccruedInterest
181000000.0 USD
CY2020 nni Loans Receivable Consolidation Loans Rebate Fee Percent
LoansReceivableConsolidationLoansRebateFeePercent
0.0105
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
19576651000 USD
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
20798719000 USD
CY2020Q4 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
794611000 USD
CY2019Q4 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
733497000 USD
CY2020Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-9908000 USD
CY2019Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-35036000 USD
CY2020Q4 nni Non Accretable Discount
NonAccretableDiscount
0 USD
CY2019Q4 nni Non Accretable Discount
NonAccretableDiscount
32398000 USD
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
20185656000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
21402868000 USD
CY2020Q3 nni Securitization Interest Percent
SecuritizationInterestPercent
0.254
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
61914000 USD
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
63360000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
28729000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1763000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration Increase
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
15800000 USD
CY2020 nni Purchase Saleof Financing Receivables
PurchaseSaleofFinancingReceivables
-29424000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
175698000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
60388000 USD
CY2019 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
39000000 USD
CY2019 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
28010000 USD
CY2019 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1536000 USD
CY2019 us-gaap Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration Increase
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
0 USD
CY2019 nni Purchase Saleof Financing Receivables
PurchaseSaleofFinancingReceivables
-11000000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
61914000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
54590000 USD
CY2018 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
23000000 USD
CY2018 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
18867000 USD
CY2018 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
665000 USD
CY2018 us-gaap Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration Increase
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
0 USD
CY2018 nni Purchase Saleof Financing Receivables
PurchaseSaleofFinancingReceivables
1000000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
60388000 USD
CY2020 us-gaap Financing Receivable Purchased With Credit Deterioration Amount At Par Value
FinancingReceivablePurchasedWithCreditDeteriorationAmountAtParValue
835000000.0 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
238123000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
19320726000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
274126000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
20529054000 USD
CY2020 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
27445000 USD
CY2019 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
0 USD
CY2018 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
12905000 USD
CY2020 nni Debt Instrument Repurchase Price
DebtInstrumentRepurchasePrice
-25521000 USD
CY2019 nni Debt Instrument Repurchase Price
DebtInstrumentRepurchasePrice
0 USD
CY2018 nni Debt Instrument Repurchase Price
DebtInstrumentRepurchasePrice
-12546000 USD
CY2020 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
1924000 USD
CY2019 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
0 USD
CY2018 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
359000 USD
CY2020 nni Derivative Settlements Expense Income
DerivativeSettlementsExpenseIncome
3679000 USD
CY2019 nni Derivative Settlements Expense Income
DerivativeSettlementsExpenseIncome
45406000 USD
CY2018 nni Derivative Settlements Expense Income
DerivativeSettlementsExpenseIncome
70071000 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-28144000 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-76195000 USD
CY2018 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1014000 USD
CY2020 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
-24465000 USD
CY2019 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
-30789000 USD
CY2018 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
71085000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
340578000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
8042000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
13000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
348607000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
48790000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3911000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
52701000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
36227000 USD
CY2020Q4 nni Equity Securities Fvni Unrealized Gain Gross
EquitySecuritiesFVNIUnrealizedGainGross
8768000 USD
CY2020Q4 nni Equity Securities Fvni Unrealized Loss Gross
EquitySecuritiesFVNIUnrealizedLossGross
2954000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
42041000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
9622000 USD
CY2019Q4 nni Equity Securities Fvni Unrealized Gain Gross
EquitySecuritiesFVNIUnrealizedGainGross
4561000 USD
CY2019Q4 nni Equity Securities Fvni Unrealized Loss Gross
EquitySecuritiesFVNIUnrealizedLossGross
1283000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
12900000 USD
CY2020Q4 nni Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
376805000 USD
CY2020Q4 nni Marketable Securities Unrealized Gain
MarketableSecuritiesUnrealizedGain
16810000 USD
CY2020Q4 nni Marketable Securities Unrealized Loss
MarketableSecuritiesUnrealizedLoss
2967000 USD
CY2020Q4 us-gaap Marketable Securities
MarketableSecurities
390648000 USD
CY2019Q4 nni Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
58412000 USD
CY2019Q4 nni Marketable Securities Unrealized Gain
MarketableSecuritiesUnrealizedGain
8472000 USD
CY2019Q4 nni Marketable Securities Unrealized Loss
MarketableSecuritiesUnrealizedLoss
1283000 USD
CY2019Q4 us-gaap Marketable Securities
MarketableSecurities
65601000 USD
CY2020Q4 nni Beneficial Interest In Securitization Allowance For Credit Loss
BeneficialInterestInSecuritizationAllowanceForCreditLoss
4449000 USD
CY2020Q4 us-gaap Other Investments
OtherInvestments
602292000 USD
CY2019Q4 us-gaap Other Investments
OtherInvestments
181498000 USD
CY2020Q4 nni Investments And Notes Receivables
InvestmentsAndNotesReceivables
992940000 USD
CY2019Q4 nni Investments And Notes Receivables
InvestmentsAndNotesReceivables
247099000 USD
CY2020Q4 nni Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date Rolling Within One Through Ten Years
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateRollingWithinOneThroughTenYears
58600000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
2600000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
31200000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
24800000 USD
CY2020 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P91M
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
75070000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
81532000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
30800000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32800000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
30200000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
23042000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9939000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9830000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7457000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4644000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
20158000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
75070000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
156912000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6292000 USD
CY2020 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
21112000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
142092000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
123527000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
348259000 USD
CY2020 us-gaap Depreciation
Depreciation
87900000 USD
CY2019 us-gaap Depreciation
Depreciation
72300000 USD
CY2018 us-gaap Depreciation
Depreciation
56700000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
16000000.0 USD
CY2020Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
6700000 USD
CY2020Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
6700000 USD
CY2020Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
5000000 shares
CY2020Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
3200000 shares
CY2020 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1594394 shares
CY2020 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
73358000 USD
CY2020 nni Average Price Of Shares Repurchased Per Share
AveragePriceOfSharesRepurchasedPerShare
46.01
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
726273 shares
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
40411000 USD
CY2019 nni Average Price Of Shares Repurchased Per Share
AveragePriceOfSharesRepurchasedPerShare
55.64
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
868147 shares
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
45331000 USD
CY2018 nni Average Price Of Shares Repurchased Per Share
AveragePriceOfSharesRepurchasedPerShare
52.22
CY2020 us-gaap Net Income Loss
NetIncomeLoss
352443000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
141803000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
227913000 USD
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
39059588 shares
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
40047402 shares
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
40909022 shares
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
9.02
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
3.54
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
5.57
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20300000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20148000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23445000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
634000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
651000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2523000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1339000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1810000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
69000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
380000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2918000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3097000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20318000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20148000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5400000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5000000.0 USD
CY2020 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
400000 USD
CY2019 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
100000 USD
CY2018 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
400000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
82832000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
38931000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
45822000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9815000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3546000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1969000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
239000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
239000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-2000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
92886000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
42716000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
47789000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
7269000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-4280000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
11783000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
718000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2922000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-883000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-13000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-63000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
81000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7974000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7265000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10981000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100860000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35451000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58770000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.028
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.025
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.011
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.030
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.019
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.002
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.007
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
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EffectiveIncomeTaxRateContinuingOperations
0.223
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.200
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.205
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26894000 USD
CY2019Q4 nni Deferred Tax Assets Student Loans
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15479000 USD
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DeferredTaxAssetsDeferredIncome
18081000 USD
CY2019Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
18037000 USD
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10661000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
4112000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
5987000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
9394000 USD
CY2020Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
5061000 USD
CY2019Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
0 USD
CY2020Q4 nni Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
4123000 USD
CY2019Q4 nni Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
5891000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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2546000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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2167000 USD
CY2020Q4 nni Deferredtaxassetsecuritizations
Deferredtaxassetsecuritizations
694000 USD
CY2019Q4 nni Deferredtaxassetsecuritizations
Deferredtaxassetsecuritizations
1261000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
647000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
551000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
74694000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
56892000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
569000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
548000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
74125000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
56344000 USD
CY2020Q4 nni Deferred Tax Liabilitiesin Partnership Basis
DeferredTaxLiabilitiesinPartnershipBasis
64023000 USD
CY2019Q4 nni Deferred Tax Liabilitiesin Partnership Basis
DeferredTaxLiabilitiesinPartnershipBasis
56741000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
20538000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
3775000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
14092000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
11489000 USD
CY2020Q4 nni Deferred Tax Liabilities Unrealized Gain On Debt And Equity Securities
DeferredTaxLiabilitiesUnrealizedGainOnDebtAndEquitySecurities
7703000 USD
CY2019Q4 nni Deferred Tax Liabilities Unrealized Gain On Debt And Equity Securities
DeferredTaxLiabilitiesUnrealizedGainOnDebtAndEquitySecurities
5399000 USD
CY2020Q4 nni Deferred Tax Liabilities Loan Origination Services
DeferredTaxLiabilitiesLoanOriginationServices
5040000 USD
CY2019Q4 nni Deferred Tax Liabilities Loan Origination Services
DeferredTaxLiabilitiesLoanOriginationServices
4647000 USD
CY2020Q4 nni Deferred Tax Liabilities Lease Right Of Use Asset
DeferredTaxLiabilitiesLeaseRightOfUseAsset
4037000 USD
CY2019Q4 nni Deferred Tax Liabilities Lease Right Of Use Asset
DeferredTaxLiabilitiesLeaseRightOfUseAsset
5684000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
0 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
2730000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
661000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1003000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
116094000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
91468000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
41969000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
35124000 USD
CY2020Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
21500000 USD
CY2019Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
27300000 USD
nni Effective Income Tax Rate Reconciliation Percent Allocated To Segments
EffectiveIncomeTaxRateReconciliationPercentAllocatedToSegments
0.24
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InterestAndDividendIncomeOperating
619656000 USD
CY2020 us-gaap Interest Expense
InterestExpense
330071000 USD
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InterestIncomeExpenseNet
289585000 USD
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
63360000 USD
CY2020 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
226225000 USD
CY2020 nni Intersegment Servicing Revenue
IntersegmentServicingRevenue
0 USD
CY2020 us-gaap Other Income
OtherIncome
57561000 USD
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33023000 USD
CY2020 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
258588000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
24723000 USD
CY2020 nni Derivative Settlements Expense Income
DerivativeSettlementsExpenseIncome
3679000 USD
CY2020 nni Derivative Market Value And Foreign Currency Adjustment Net
DerivativeMarketValueAndForeignCurrencyAdjustmentNet
-28144000 USD
CY2020 us-gaap Noninterest Income
NoninterestIncome
1110384000 USD
CY2020 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
105018000 USD
CY2020 us-gaap Labor And Related Expense
LaborAndRelatedExpense
501832000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
118699000 USD
CY2020 us-gaap Other Expenses
OtherExpenses
160574000 USD
CY2020 nni Intersegment Expenses
IntersegmentExpenses
0 USD
CY2020 us-gaap Operating Expenses
OperatingExpenses
781105000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
450486000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100860000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
349626000 USD
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2020 us-gaap Net Income Loss
NetIncomeLoss
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CY2018 us-gaap Other Income
OtherIncome
54805000 USD
CY2018 nni Gains On Sale Of Student Loans And Debt Repurchases Net.
GainsOnSaleOfStudentLoansAndDebtRepurchasesNet.
0 USD
CY2018 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
0 USD
CY2018 nni Derivative Market Value And Foreign Currency Adjustment Net
DerivativeMarketValueAndForeignCurrencyAdjustmentNet
1014000 USD
CY2020Q4 us-gaap Assets
Assets
22646160000 USD
CY2019 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
948677000 USD
CY2019 us-gaap Interest Expense
InterestExpense
699327000 USD
CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
249350000 USD
CY2019 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
39000000 USD
CY2019 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
210350000 USD
CY2019 nni Intersegment Servicing Revenue
IntersegmentServicingRevenue
0 USD
CY2019 us-gaap Other Income
OtherIncome
47918000 USD
CY2019 nni Gains On Sale Of Student Loans And Debt Repurchases Net.
GainsOnSaleOfStudentLoansAndDebtRepurchasesNet.
17261000 USD
CY2019 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
0 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2019 nni Derivative Settlements Expense Income
DerivativeSettlementsExpenseIncome
45406000 USD
CY2019 nni Derivative Market Value And Foreign Currency Adjustment Net
DerivativeMarketValueAndForeignCurrencyAdjustmentNet
-76195000 USD
CY2019 us-gaap Noninterest Income
NoninterestIncome
831245000 USD
CY2019 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
102026000 USD
CY2019 us-gaap Labor And Related Expense
LaborAndRelatedExpense
463503000 USD
CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
11721000 USD
CY2018 nni Derivative Settlements Expense Income
DerivativeSettlementsExpenseIncome
70071000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
105049000 USD
CY2019 us-gaap Other Expenses
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194272000 USD
CY2019 nni Intersegment Expenses
IntersegmentExpenses
0 USD
CY2019 us-gaap Operating Expenses
OperatingExpenses
762824000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
176745000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35451000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
141294000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2019 us-gaap Net Income Loss
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CY2019Q4 us-gaap Assets
Assets
23708970000 USD
CY2018 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
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CY2018 us-gaap Interest Expense
InterestExpense
669906000 USD
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InterestIncomeExpenseNet
254360000 USD
CY2018 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
23000000 USD
CY2018 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
231360000 USD
CY2018 nni Intersegment Servicing Revenue
IntersegmentServicingRevenue
0 USD
CY2018 us-gaap Noninterest Income
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820811000 USD
CY2018 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2018 nni Intersegment Expenses
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0 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
286294000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58770000 USD
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ProfitLoss
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NetIncomeLossAttributableToNoncontrollingInterest
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CY2018 us-gaap Net Income Loss
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CY2018Q4 us-gaap Assets
Assets
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OperatingLeaseWeightedAverageDiscountRatePercent
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OperatingLeaseRightOfUseAsset
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CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2020 us-gaap Gain Loss On Investments
GainLossOnInvestments
51018000 USD
CY2019 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
CY2018 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
CY2020 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
5194000 USD
CY2019 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
12884000 USD
CY2018 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
12302000 USD
CY2020 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
2205000 USD
CY2019 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
8356000 USD
CY2018 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
9579000 USD
CY2020 nni Other Income Miscellaneous
OtherIncomeMiscellaneous
16271000 USD
CY2019 nni Other Income Miscellaneous
OtherIncomeMiscellaneous
16221000 USD
CY2018 nni Other Income Miscellaneous
OtherIncomeMiscellaneous
19631000 USD
CY2020 us-gaap Other Income
OtherIncome
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CY2020 us-gaap Lease Cost
LeaseCost
13882000 USD
CY2019 us-gaap Lease Cost
LeaseCost
12780000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M14D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0243
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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6578000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3857000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2938000 USD
CY2019 us-gaap Other Income
OtherIncome
47918000 USD
CY2018 us-gaap Other Income
OtherIncome
54805000 USD
CY2017Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
32276000 USD
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ContractWithCustomerLiabilityIncreaseDecreaseDeferredRevenue
113292000 USD
CY2018 nni Contract With Customer Liability Revenue Recognized From Prior And Current Period
ContractWithCustomerLiabilityRevenueRecognizedFromPriorAndCurrentPeriod
106446000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
39122000 USD
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ContractWithCustomerLiabilityIncreaseDecreaseDeferredRevenue
136487000 USD
CY2019 nni Contract With Customer Liability Revenue Recognized From Prior And Current Period
ContractWithCustomerLiabilityRevenueRecognizedFromPriorAndCurrentPeriod
135963000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
39646000 USD
CY2020 nni Contract With Customer Liability Increase Decrease Deferred Revenue
ContractWithCustomerLiabilityIncreaseDecreaseDeferredRevenue
139478000 USD
CY2020 nni Contract With Customer Liability Revenue Recognized From Prior And Current Period
ContractWithCustomerLiabilityRevenueRecognizedFromPriorAndCurrentPeriod
140422000 USD
CY2020 nni Contract With Customer Liability Increase Decrease From Deconsolidation
ContractWithCustomerLiabilityIncreaseDecreaseFromDeconsolidation
-3925000 USD
CY2020 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
1419000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
36196000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1562000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1424000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4437000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
20796000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2063000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
18733000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
9181000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
8261000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5776000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3745000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2904000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
5479000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
35346000 USD
CY2018 us-gaap Operating Lease Expense
OperatingLeaseExpense
8400000 USD
CY2020Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
87143000 USD
CY2020Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
96672000 USD
CY2020 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
11600000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10800000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
9800000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.15
CY2020 nni Non Employee Director Stock At Lower Cost
NonEmployeeDirectorStockAtLowerCost
0.85
CY2020 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1200000 USD
CY2019 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1200000 USD
CY2018 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1000000.0 USD
CY2020 nni Net Premium Paid For Acquisition Of Finance Receivables
NetPremiumPaidForAcquisitionOfFinanceReceivables
1200000 USD
CY2019 nni Net Premium Paid For Acquisition Of Finance Receivables
NetPremiumPaidForAcquisitionOfFinanceReceivables
1200000 USD
CY2018 nni Net Premium Paid For Acquisition Of Finance Receivables
NetPremiumPaidForAcquisitionOfFinanceReceivables
0 USD
CY2018Q4 nni Asset Ownership Percentage
AssetOwnershipPercentage
0.65
CY2018Q4 nni Asset Ownership Percentage Increase From Purchase
AssetOwnershipPercentageIncreaseFromPurchase
0.175
CY2018Q4 nni Payments To Acquire Additional Asset Ownership
PaymentsToAcquireAdditionalAssetOwnership
717500 USD
CY2018Q4 nni Asset Ownership Percentage
AssetOwnershipPercentage
0.825
CY2020Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
390648000 USD
CY2019Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
65601000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
390648000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
65601000 USD
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
55073000 USD
CY2020Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
66635000 USD
CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
81322000 USD
CY2020Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
86556000 USD
CY2020Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
76299000 USD
CY2020Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2999000 USD
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-5821000 USD
CY2020Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-10116000 USD
CY2020Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
-21226000 USD
CY2020Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
63636000 USD
CY2020Q1 us-gaap Other Income
OtherIncome
8281000 USD
CY2020Q2 us-gaap Other Income
OtherIncome
60127000 USD
CY2020Q3 us-gaap Other Income
OtherIncome
1502000 USD
CY2020Q4 us-gaap Other Income
OtherIncome
-12350000 USD
CY2020Q1 nni Gains On Sale Of Student Loans And Debt Repurchases Net.
GainsOnSaleOfStudentLoansAndDebtRepurchasesNet.
18206000 USD
CY2020Q2 nni Gains On Sale Of Student Loans And Debt Repurchases Net.
GainsOnSaleOfStudentLoansAndDebtRepurchasesNet.
0 USD
CY2020Q3 nni Gains On Sale Of Student Loans And Debt Repurchases Net.
GainsOnSaleOfStudentLoansAndDebtRepurchasesNet.
14817000 USD
CY2020Q4 nni Gains On Sale Of Student Loans And Debt Repurchases Net.
GainsOnSaleOfStudentLoansAndDebtRepurchasesNet.
0 USD
CY2020Q1 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
0 USD
CY2020Q2 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
0 USD
CY2020Q3 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
0 USD
CY2020Q4 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
258588000 USD
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
34087000 USD
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
332000 USD
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
-9696000 USD
CY2020Q1 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
-16365000 USD
CY2020Q2 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
1910000 USD
CY2020Q3 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
1049000 USD
CY2020Q4 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
-11059000 USD
CY2020Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
119878000 USD
CY2020Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
119247000 USD
CY2020Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
126096000 USD
CY2020Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
136612000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
27648000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
29393000 USD
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
30308000 USD
CY2020Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
31350000 USD
CY2020Q1 us-gaap Other Expenses
OtherExpenses
43384000 USD
CY2020Q2 us-gaap Other Expenses
OtherExpenses
37052000 USD
CY2020Q3 us-gaap Other Expenses
OtherExpenses
34744000 USD
CY2020Q4 us-gaap Other Expenses
OtherExpenses
45391000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10133000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21264000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19156000 USD
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70573000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-39765000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
86610000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
86610000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
71176000 USD
CY2020Q4 us-gaap Profit Loss
ProfitLoss
231606000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
767000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
128000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-327000 USD
CY2020Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3385000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-40532000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
86482000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
71503000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
234991000 USD
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.01
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
2.21
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.86
CY2020Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
6.10
CY2019Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
58816000 USD
CY2019Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
59825000 USD
CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
66457000 USD
CY2019Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
64252000 USD
CY2019Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
7000000 USD
CY2019Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
9000000 USD
CY2019Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
10000000 USD
CY2019Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
13000000 USD
CY2019Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
51816000 USD
CY2019Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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CY2019Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
56457000 USD
CY2019Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
51252000 USD
CY2019Q1 us-gaap Other Income
OtherIncome
9067000 USD
CY2019Q2 us-gaap Other Income
OtherIncome
14440000 USD
CY2019Q3 us-gaap Other Income
OtherIncome
13439000 USD
CY2019Q4 us-gaap Other Income
OtherIncome
10973000 USD
CY2019Q1 nni Gains On Sale Of Student Loans And Debt Repurchases Net.
GainsOnSaleOfStudentLoansAndDebtRepurchasesNet.
0 USD
CY2019Q2 nni Gains On Sale Of Student Loans And Debt Repurchases Net.
GainsOnSaleOfStudentLoansAndDebtRepurchasesNet.
1712000 USD
CY2019Q3 nni Gains On Sale Of Student Loans And Debt Repurchases Net.
GainsOnSaleOfStudentLoansAndDebtRepurchasesNet.
0 USD
CY2019Q4 nni Gains On Sale Of Student Loans And Debt Repurchases Net.
GainsOnSaleOfStudentLoansAndDebtRepurchasesNet.
15549000 USD
CY2019Q1 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
-11539000 USD
CY2019Q2 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
-24088000 USD
CY2019Q3 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
1668000 USD
CY2019Q4 nni Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
3170000 USD
CY2019Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
111059000 USD
CY2019Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
111214000 USD
CY2019Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
116670000 USD
CY2019Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
124561000 USD
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
24213000 USD
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
24484000 USD
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
27701000 USD
CY2019Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
28651000 USD
CY2019Q1 us-gaap Other Expenses
OtherExpenses
43816000 USD
CY2019Q2 us-gaap Other Expenses
OtherExpenses
45417000 USD
CY2019Q3 us-gaap Other Expenses
OtherExpenses
58329000 USD
CY2019Q4 us-gaap Other Expenses
OtherExpenses
46710000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11391000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6209000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8829000 USD
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9022000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
41647000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
24678000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
33135000 USD
CY2019Q4 us-gaap Profit Loss
ProfitLoss
41834000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
56000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
59000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-77000 USD
CY2019Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-546000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
41591000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
24619000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
33212000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
42380000 USD
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.03
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.61
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.83
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.06

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