Company: ATLCL
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025502
Chunk: 154

Company: Atlanticus Holdings Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 154
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786
 Merchant fees (2)   42,797   —   42,797
 Total revenue from contracts with customers  $56,377  $206  $56,583

 For the Six Months Ended June 30, 2024   CaaS    Auto Finance    Total  
 Interchange revenues, net (1)  $9,447  $—  $9,447 
 Servicing income   3,184   390   3,574 
 Service charges and other customer related fees   12,627   33   12,660 
 Total Other revenue   25,258   423   25,681 
 Merchant fees (2)   67,061   —   67,061 
 Total revenue from contracts with customers  $92,319  $423  $92,742 

   (1) Interchange revenue is presented net of customer reward expense.
   (2) Merchant fees are included in Consumer loans, including past due fees on our condensed consolidated statements of income.
    
   Recent Accounting Pronouncements
    
   In  November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures" which requires disaggregated disclosure of income statement expenses for public business entities. The ASU does not change the expense captions an entity presents on the face of the income statement. Instead, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. The amendments in this Update are effective for annual reporting periods beginning after  December 15, 2026, and interim reporting periods beginning after  December 15, 2027 and early adoption of the amendments is permitted. We are currently evaluating the potential impact of adopting this new guidance on our financial statement disclosures.
    
   In  December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("Topic 740"). Topic 740 modifies the rules on income tax disclosures to require entities to disclose (i) specific categories in the rate reconciliation, (ii) the income (loss) from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (iii) income tax expense or benefit from