v3.26.1
Leased Merchandise, Net (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Leased Merchandise, Net
Leased merchandise, net consists of the following (in thousands):

As of June 30,As of
December 31,
202620252025
Leased merchandise$205,440 $260,373 $252,064 
Processing fees(1,727)(2,229)(2,240)
Merchant partner (discounts) and premiums, net(189)(34)(175)
Accumulated depreciation(62,022)(87,754)(70,650)
Leased merchandise, before allowance for lease losses141,502 170,356 178,999 
Less allowance for lease losses(56,933)(69,667)(64,716)
Leased merchandise, net$84,569 $100,689 $114,283 
Leased Merchandise, Allowance for Credit Loss
The following table details the changes in the allowance for lease losses (in thousands):

Three Months EndedSix Months Ended
June 30,June 30,
 2026202520262025
Balance at beginning of period$61,069 $68,785 $64,716 $80,257 
Provision for lease losses24,439 32,543 54,183 60,105 
Charge-offs(31,127)(33,633)(66,858)(75,007)
Recoveries2,552 1,972 4,892 4,312 
Balance at end of period$56,933 $69,667 $56,933 $69,667