| Schedule of roll forward of the balance of the investment in receivables, net and negative allowance for expected recoveries |
The following table presents the roll forward of the balance of the investment in receivables, net for the following periods (in thousands): | | | | | | | | | For the Three Months Ended | | | March 31, | | | 2026 | | 2025 | Balance, beginning of year | | $ | 1,928,742 | | $ | 1,497,748 | Purchases | | | 149,705 | | | 175,222 | Cash collections | | | (309,898) | | | (260,891) | Total portfolio income | | | 157,606 | | | 138,693 | Changes in expected current period recoveries | | | 10,731 | | | 6,398 | Changes in expected future period recoveries | | | (3,674) | | | (2,777) | Foreign currency adjustments | | | (4,143) | | | 7,202 | Balance, end of period | | $ | 1,929,069 | | $ | 1,561,595 |
The table below provides the detail on the establishment of negative allowance for expected recoveries of portfolios purchased during the periods presented (in thousands): | | | | | | | | | | For the Three Months Ended | | | | March 31, | | | | 2026 | | 2025 | | Purchase price | | $ | 149,705 | | $ | 175,222 | | Allowance for credit losses | | | 2,417,429 | | | 2,434,302 | | Amortized cost | | | 2,567,134 | | | 2,609,524 | | Noncredit discount | | | 141,038 | | | 147,851 | | Face value | | | 2,708,172 | | | 2,757,375 | | Write-off of amortized cost | | | (2,567,134) | | | (2,609,524) | | Write-off of noncredit discount | | | (141,038) | | | (147,851) | | Negative allowance | | | 149,705 | | | 175,222 | | Negative allowance for expected recoveries | | $ | 149,705 | | $ | 175,222 | |
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| Schedule of information on the past due and non-accrual buckets for the assets acquired in the Conn's portfolio purchase |
The table below presents the information on the past due and non-accrual buckets for the assets acquired in the Conn’s and Bluestem portfolio purchases, and does not include all other purchased loans as they were charged-off at the time of purchase (in thousands): | | | | | | | | | | | | As of March 31, | | As of December 31, | Delinquency vintage | | 2026 | | 2025 | United States | | | | | | | Current | | $ | 217,681 | | $ | 326,381 | 30-59 | | | 26,602 | | | 49,467 | 60-89 | | | 19,470 | | | 39,402 | >90 | | | 145,137 | | | 109,562 | Total | | $ | 408,890 | | $ | 524,812 |
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| Schedule of non-accrual performing loans by segment |
The following table presents non-accrual performing loans by segment (in thousands). | | | | | | | | | | | | | | | As of March 31, | | As of December 31, | | | 2026 | | 2025 | | | | | | Nonaccrual | | | | | Nonaccrual | | | | | | with No | | | | | with No | | | Nonaccrual | | Allowance | | Nonaccrual | | Allowance | United States | | | 145,137 | | | — | | | 109,562 | | | — | Total | | $ | 145,137 | | $ | — | | $ | 109,562 | | $ | — |
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