Finance Receivables | Period [Axis] |
---|
2016-01-01 - 2016-12-31 |
---|
Finance Receivables | |
Schedule of finance receivables |
| |
December
31, | |
| |
2016 | | |
2015 | |
Finance receivables | |
(In thousands) | |
Automobile finance receivables,
net of unearned interest | |
$ | 2,266,619 | | |
$ | 1,990,913 | |
Unearned acquisition
fees, discounts and deferred origination costs, net | |
| 1,324 | | |
| (5,820 | ) |
Finance receivables | |
$ | 2,267,943 | | |
$ | 1,985,093 | |
|
Delinquency status of finance receivables |
| |
December
31, | |
| |
2016 | | |
2015 | |
| |
(In thousands) | |
Delinquency Status | |
| | | |
| | |
Current | |
$ | 2,053,759 | | |
$ | 1,836,267 | |
31 - 60 days | |
| 116,073 | | |
| 70,036 | |
61 - 90 days | |
| 52,404 | | |
| 41,136 | |
91 + days | |
| 44,383 | | |
| 43,474 | |
| |
$ | 2,266,619 | | |
$ | 1,990,913 | |
|
Allowance for credit losses |
|
| |
December
31, | |
|
| |
2016 | | |
2015 | | |
2014 | |
|
| |
| | |
(In thousands) | | |
| |
|
Balance at beginning of year | |
$ | 75,603 | | |
$ | 61,460 | | |
$ | 39,626 | |
|
Provision for credit losses | |
| 178,511 | | |
| 142,618 | | |
| 108,228 | |
|
Charge-offs | |
| (192,366 | ) | |
| (156,553 | ) | |
| (109,914 | ) |
|
Recoveries | |
| 33,830 | | |
| 28,078 | | |
| 23,520 | |
|
Balance at end of year | |
$ | 95,578 | | |
$ | 75,603 | | |
$ | 61,460 | |
|
Allowance for losses on repossessed inventory |
| |
December
31, | |
| |
2016 | | |
2015 | |
| |
(In thousands) | |
Gross balance of repossessions in inventory | |
$ | 40,069 | | |
$ | 39,728 | |
Allowance for losses on repossessed inventory | |
| (28,924 | ) | |
| (26,954 | ) |
Net repossessed inventory included in other
assets | |
$ | 11,145 | | |
$ | 12,774 | |
|