2021 Q4 Form 10-K Financial Statement

#000156459022008810 Filed on March 04, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $119.5M $111.5M $99.68M
YoY Change 22.62% 23.11% 10.94%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $44.26M $37.81M $51.17M
YoY Change 27.46% 4.14% 48.09%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.187M $2.894M $2.672M
YoY Change -18.28% -21.78% -4.57%
% of Gross Profit
Operating Expenses $87.64M $75.85M $51.17M
YoY Change 23.45% 12.63% -14.04%
Operating Profit
YoY Change
Interest Expense $7.597M $8.816M $7.801M
YoY Change -17.92% -5.2% -14.62%
% of Operating Profit
Other Income/Expense, Net $9.936M $7.675M
YoY Change
Pretax Income $25.35M $28.80M $24.94M
YoY Change 35.62% 87.0% 113.32%
Income Tax $4.569M $6.577M $4.771M
% Of Pretax Income 18.03% 22.84% 19.13%
Net Earnings $20.78M $22.22M $20.17M
YoY Change 44.82% 97.73% 169.96%
Net Earnings / Revenue 17.39% 19.94% 20.23%
Basic Earnings Per Share $2.18 $2.25 $1.98
Diluted Earnings Per Share $2.04 $2.11 $1.87
COMMON SHARES
Basic Shares Outstanding 9.861M 10.20M
Diluted Shares Outstanding 10.54M 10.80M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.51M $8.146M $6.086M
YoY Change 29.72% 89.44% -32.38%
Cash & Equivalents $149.2M $112.1M $106.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $10.51M $8.146M $6.086M
YoY Change 29.72% 89.44% -32.38%
LONG-TERM ASSETS
Property, Plant & Equipment $12.94M $41.39M $40.88M
YoY Change -7.64% 174.92% -4.26%
Goodwill $716.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $157.1M $116.5M $114.0M
YoY Change 101.67% 43.51% 51.84%
Total Long-Term Assets $1.449B $1.305B $1.185B
YoY Change 32.25% 26.33% 19.57%
TOTAL ASSETS
Total Short-Term Assets $10.51M $8.146M $6.086M
Total Long-Term Assets $1.449B $1.305B $1.185B
Total Assets $1.460B $1.314B $1.191B
YoY Change 32.23% 26.6% 19.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.28M $36.11M $38.32M
YoY Change 22.29% -17.17% 10.1%
Accrued Expenses $30.70M $31.29M $30.30M
YoY Change 5.14% 4.28% 3.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $79.98M $67.40M $68.61M
YoY Change 15.08% -8.43% 7.2%
LONG-TERM LIABILITIES
Long-Term Debt $1.097B $968.7M $843.7M
YoY Change 43.92% 40.09% 24.75%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.097B $968.7M $843.7M
YoY Change 43.92% 40.09% 24.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.98M $67.40M $68.61M
Total Long-Term Liabilities $1.097B $968.7M $843.7M
Total Liabilities $1.177B $1.036B $912.3M
YoY Change 41.5% 35.42% 23.24%
SHAREHOLDERS EQUITY
Retained Earnings $306.1M
YoY Change 34.64%
Common Stock $106.2M
YoY Change -0.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $129.5M
YoY Change 108.62%
Treasury Stock Shares $4.370M
Shareholders Equity $282.7M $277.5M $279.0M
YoY Change
Total Liabilities & Shareholders Equity $1.460B $1.314B $1.191B
YoY Change 32.23% 26.6% 19.11%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $20.78M $22.22M $20.17M
YoY Change 44.82% 97.73% 169.96%
Depreciation, Depletion And Amortization $3.187M $2.894M $2.672M
YoY Change -18.28% -21.78% -4.57%
Cash From Operating Activities $52.99M $50.37M $43.35M
YoY Change 11.56% 22.86% 9.75%
INVESTING ACTIVITIES
Capital Expenditures -$2.654M -$1.646M -$1.361M
YoY Change 89.57% 26.62% -24.39%
Acquisitions
YoY Change
Other Investing Activities -$121.9M -$141.6M -$93.82M
YoY Change 34.12% 162.17% -285.41%
Cash From Investing Activities -$124.6M -$143.2M -$95.18M
YoY Change 35.1% 158.51% -295.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 108.6M 98.98M 71.66M
YoY Change 100.41% 638.66% -176.07%
NET CHANGE
Cash From Operating Activities 52.99M 50.37M 43.35M
Cash From Investing Activities -124.6M -143.2M -95.18M
Cash From Financing Activities 108.6M 98.98M 71.66M
Net Change In Cash 37.04M 6.139M 19.83M
YoY Change 289.94% -713.9% -436.1%
FREE CASH FLOW
Cash From Operating Activities $52.99M $50.37M $43.35M
Capital Expenditures -$2.654M -$1.646M -$1.361M
Free Cash Flow $55.64M $52.02M $44.71M
YoY Change 13.79% 22.98% 8.26%

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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50141000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
149189000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
29428000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
31993000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
23077000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
7379000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7910000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10102000
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
388000
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
78000
CY2020Q4 us-gaap Cash
Cash
8052000
CY2019Q4 us-gaap Cash
Cash
2263000
CY2018Q4 us-gaap Cash
Cash
3657000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
138682000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
63824000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
54164000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
46484000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71876000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56427000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50141000
CY2021 us-gaap Nature Of Operations
NatureOfOperations
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Calibri;font-style:normal;text-transform:none;font-variant: normal;">Note 1. Nature of Business</p> <p style="margin-bottom:0pt;margin-top:4pt;text-indent:0%;font-size:10pt;font-family:Calibri;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Regional Management Corp. (the “<span style="text-decoration:underline;">Company</span>”) was incorporated and began operations in 1987. The Company is engaged in the consumer finance business, offering small loans, large loans, retail loans, and related payment and collateral protection insurance products. The Company previously offered automobile purchase loans, but ceased such originations in November 2017. As of December 31, 2021, the Company operated 350 branch locations under the name “Regional Finance” in 13 states across the United States. </p> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Calibri;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">The Company’s loan volume and contractual delinquency follow seasonal trends. Demand for the Company’s small and large loans is typically highest during the second, third, and fourth quarters, which the Company believes is largely due to customers borrowing money for vacation, back-to-school, and holiday spending. Loan demand has generally been the lowest during the first quarter, which the Company believes is largely due to the timing of income tax refunds. Delinquencies generally reach their lowest point in the first half of the year and rise in the second half of the year. The current expected credit loss (“</span><span style="text-decoration:underline;Background-color:#FFFFFF;">CECL</span><span style="Background-color:#FFFFFF;">”) accounting model requires earlier recognition of credit losses compared to the prior incurred loss approach. This could result in larger allowance for credit loss releases in periods of portfolio liquidation, and larger provisions for credit losses in periods of portfolio growth compared to prior years. Consequently, the Company experiences seasonal fluctuations in its operating results and cash needs. However, changes in borrower assistance programs and customer access to external economic stimulus measures related to the COVID-19 pandemic have impacted the Company’s typical seasonal trends for loan volume and delinquency.</span></p>
CY2021Q4 us-gaap Number Of Stores
NumberOfStores
350
CY2021Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
13
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Calibri;text-transform:none;font-variant: normal;">Use of estimates:<span style="font-weight:normal;font-style:normal;"> The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure of contingent assets and liabilities for the periods indicated in the financial statements. Actual results could differ from those estimates. </span></p> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-size:10pt;font-family:Calibri;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Estimates that are susceptible to change relate to the determination of the allowance for credit losses, the valuation of deferred tax assets and liabilities, and the fair value of financial instruments.</p>
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Calibri;text-transform:none;font-variant: normal;">Reclassifications and revisions:<span style="font-style:normal;"> </span><span style="font-weight:normal;font-style:normal;">Certain prior-period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income or stockholders’ equity. </span></p> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-size:10pt;font-family:Calibri;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Revision: Subsequent to issuance of the September 30, 2021 financial statements, the Company concluded that certain cash flow statement line items should be broken out to reflect cash receipts and cash payments on a gross basis, rather than net. As a result, the net originations of finance receivables, net advances (payments) on senior revolving credit facility, net advances (payments) on revolving warehouse credit facilities, and net advances on securitizations line items have been updated to reflect a gross presentation. The Company also concluded that the amortization of deferred origination fees and costs, accrued interest receivables, and unearned insurance premiums included in the net originations of finance receivables (previously in investing activities) and accrued interest payables included in debt (previously in financing activities) should be included in operating activities. These changes will classify cash flows related to interest received on finance receivables and interest paid on debt as operating activities and cash flows related to net loan origination fees and costs as investing activities. To correct these classification errors, amounts previously reported have been reclassified for the years ended December 31, 2020 and 2019. Impacts for the year ended December 31, 2020 included a decrease in net cash provided by operating activities of $7.2 million, a decrease in net cash used in investing activities of $6.7 million, and an increase in net cash provided by financing activities of $0.5 million. Impacts for the year ended December 31, 2019 included a decrease in net cash provided by operating activities of $6.9 million and a decrease in net cash used in investing activities of $6.9 million. </p>
CY2021 rm Threshold Period Past Due For Write Off Of Financing Receivables
ThresholdPeriodPastDueForWriteOffOfFinancingReceivables
P180D
CY2021 rm Bankruptcy Threshold Period Past Due For Write Off Of Financing Receivables
BankruptcyThresholdPeriodPastDueForWriteOffOfFinancingReceivables
P60D
CY2021 rm Finance Receivables Income Recognition Contractual Delinquent Period
FinanceReceivablesIncomeRecognitionContractualDelinquentPeriod
P90D
CY2021Q4 us-gaap Financing Receivable Threshold Period Past Due Writeoff
FinancingReceivableThresholdPeriodPastDueWriteoff
P90D
CY2021 us-gaap Concentration Risk Geographic
ConcentrationRiskGeographic
Customers living in South Carolina, Texas, and North Carolina accounted for 14%, 32%, and 15%, respectively, of the Company’s net finance receivables in 2021.
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2021Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
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14200
CY2020Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
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12600
CY2021Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
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CY2021Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
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CY2021Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
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CY2021Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
11574000
CY2021Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
2777000
CY2021Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
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CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
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CY2020Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
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CY2020Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
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CY2020Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
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CY2020Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
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CY2020Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
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CY2020Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
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CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2021Q4 us-gaap Financing Receivable Percent Past Due1
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CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2021Q4 rm Finance Receivable Net Percent
FinanceReceivableNetPercent
1.000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
45170000
CY2021Q4 rm Financing Receivable Recorded Investment Nonaccrual Status Percent
FinancingReceivableRecordedInvestmentNonaccrualStatusPercent
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CY2020Q4 us-gaap Financing Receivable Percent Past Due1
FinancingReceivablePercentPastDue1
0.053
CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1136259000
CY2020Q4 rm Finance Receivable Net Percent
FinanceReceivableNetPercent
1.000
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
32239000
CY2020Q4 rm Financing Receivable Recorded Investment Nonaccrual Status Percent
FinancingReceivableRecordedInvestmentNonaccrualStatusPercent
0.028
CY2021 rm Accrued Interest Reversed
AccruedInterestReversed
8900
CY2020 rm Accrued Interest Reversed
AccruedInterestReversed
10700
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2021 rm Covid Reserve Build Release
COVIDReserveBuildRelease
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CY2020 rm Covid Reserve Build Release
COVIDReserveBuildRelease
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CY2021 rm Portfolio Growth Reserve Build
PortfolioGrowthReserveBuild
25300000
CY2020 rm Portfolio Growth Reserve Build
PortfolioGrowthReserveBuild
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CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
150000000
CY2021Q4 rm Allowance Percentage Of Finance Receivables
AllowancePercentageOfFinanceReceivables
0.112
CY2020Q4 rm Allowance Percentage Of Finance Receivables
AllowancePercentageOfFinanceReceivables
0.132
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
150000000
CY2021 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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CY2021 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
83652000
CY2021 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
3937000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1426257000
CY2021Q4 rm Allowance Percentage Of Finance Receivables
AllowancePercentageOfFinanceReceivables
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CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2020 rm Impact Of Cecl Adoption On Beginning Allowance
ImpactOfCeclAdoptionOnBeginningAllowance
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CY2020 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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CY2020 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
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CY2020 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
4726000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2020Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1136259000
CY2020Q4 rm Allowance Percentage Of Finance Receivables
AllowancePercentageOfFinanceReceivables
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CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2019 us-gaap Provision For Loan And Lease Losses
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CY2019 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
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CY2019 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
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CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
62200000
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
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CY2019Q4 rm Allowance Percentage Of Finance Receivables
AllowancePercentageOfFinanceReceivables
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CY2021 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
4652
CY2021 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
16078000
CY2020 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6807
CY2020 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
21344000
CY2019 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
13135
CY2019 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
37320000
CY2021 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
1667
CY2021 rm Tdr Finance Receivables Defaulted
TDRFinanceReceivablesDefaulted
5468000
CY2020 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
3009
CY2020 rm Tdr Finance Receivables Defaulted
TDRFinanceReceivablesDefaulted
8964000
CY2019 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
4885
CY2019 rm Tdr Finance Receivables Defaulted
TDRFinanceReceivablesDefaulted
14145000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
37851000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
37838000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
24913000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23830000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12938000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14008000
CY2021 us-gaap Depreciation
Depreciation
4500
CY2020 us-gaap Depreciation
Depreciation
5000.0
CY2019 us-gaap Depreciation
Depreciation
4300
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7248000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4425000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2862000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35316000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4616000
CY2021Q4 us-gaap Operating Lease Liability
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30700000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
9573000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
648000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2021 us-gaap Lease Cost
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CY2020 us-gaap Lease Cost
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CY2019 us-gaap Lease Cost
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CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2021 us-gaap Operating Lease Expense
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CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
8800000
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
8400000
CY2021Q4 rm Intangible Assets Gross Including Goodwill
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CY2021Q4 us-gaap Goodwill Gross
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CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2021Q4 us-gaap Goodwill
Goodwill
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GoodwillGross
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CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
234000
CY2020Q4 us-gaap Goodwill
Goodwill
716000
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CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
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CY2020Q4 rm Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
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CY2020Q4 rm Intangible Assets Net Including Goodwill Accumulated Amortization
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CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
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CY2020 us-gaap Amortization Of Intangible Assets
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
674000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2021 us-gaap Goodwill Acquired During Period
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0
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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8675000
CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
8949000
CY2021Q4 rm Interest Rate Caps
InterestRateCaps
6586000
CY2020Q4 rm Interest Rate Caps
InterestRateCaps
265000
CY2021Q4 us-gaap Other Receivables
OtherReceivables
2906000
CY2020Q4 us-gaap Other Receivables
OtherReceivables
3262000
CY2021Q4 us-gaap Credit Card Receivables
CreditCardReceivables
2727000
CY2020Q4 us-gaap Credit Card Receivables
CreditCardReceivables
3170000
CY2021Q4 us-gaap Other Assets Miscellaneous
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863000
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
686000
CY2021Q4 us-gaap Other Assets
OtherAssets
21757000
CY2020Q4 us-gaap Other Assets
OtherAssets
16332000
CY2021Q4 us-gaap Derivative Asset Notional Amount
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CY2021Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
550000000
CY2020Q4 us-gaap Interest Rate Derivative Assets At Fair Value
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265000
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InterestRateDerivativeAssetsAtFairValue
249000
CY2021 rm Derivative Interest Rate Cap Purchases
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CY2020 rm Derivative Interest Rate Cap Purchases
DerivativeInterestRateCapPurchases
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2721000
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CY2019 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
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-249000
CY2021Q4 us-gaap Interest Rate Derivative Assets At Fair Value
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IncomeTaxExpenseBenefit
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NetIncomeLoss
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CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q3 us-gaap Earnings Per Share Diluted
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CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
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30000000.0
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000.0

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