v3.26.3
Leased Merchandise, Net (Tables)
 9 Months Ended
Sep. 30, 2026
Receivables [Abstract]  
Leased Merchandise, Net
Leased merchandise, net consists of the following (in thousands):

As of September 30,As of
December 31,
202620252025
Leased merchandise$182,768 $242,961 $252,064 
Processing fees(1,433)(2,040)(2,240)
Merchant partner (discounts) and premiums, net(82)302 (175)
Accumulated depreciation(58,681)(77,457)(70,650)
Leased merchandise, before allowance for lease losses122,572 163,766 178,999 
Less allowance for lease losses(47,867)(64,041)(64,716)
Leased merchandise, net$74,705 $99,725 $114,283 
Leased Merchandise, Allowance for Credit Loss
The following table details the changes in the allowance for lease losses (in thousands):

Three Months EndedNine Months Ended
September 30,September 30,
2026202520262025
Balance at beginning of period$56,933 $69,667 $64,716 $80,257 
Provision for lease losses17,021 27,920 71,204 88,025 
Charge-offs(28,333)(35,189)(95,191)(110,196)
Recoveries2,246 1,643 7,138 5,955 
Balance at end of period$47,867 $64,041 $47,867 $64,041