Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 61

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 61
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ables portfolios and services primarily include fees and finance charges, merchant fees or annual fees associated with the private label credit and general purpose credit card receivables.

We record (i) the finance charges, merchant fees and late fees assessed on our CaaS segment receivables in the Revenue - Consumer loans, including past due fees category on our condensed consolidated statements of income, (ii) the annual, monthly maintenance, returned-check, cash advance and other fees in the Revenue - Fees and related income on earning assets category on our condensed consolidated statements of income, and (iii) the charge-offs (and recoveries thereof) as a component within our Changes in fair value of loans on our condensed consolidated statements of income. Additionally, we show the effects of fair value changes for those credit card receivables for which we have elected the fair value option as a component of Changes in fair value of loans in our condensed consolidated statements of income.

We historically have invested in receivables portfolios through subsidiary entities. If we control through direct ownership or exert a controlling interest in the entity, we consolidate it and reflect its operations as noted above.

       33

Below is the reconciliation of Loans at fair value to Total managed receivables:

      At or for the Three Months Ended 

     2025

     2024

     2023

      (in Millions) 
      
      Mar. 31 

      Dec. 31 

      Sep. 30 

      Jun. 30 

      Mar. 31 

      Dec. 31 

      Sep. 30 

      Jun. 30 

      Loans at fair value 
      
     $
     2,668.5

     $
     2,630.3

     $
     2,511.6

     $
     2,277.4

     $
     2,150.6

     $
     2,173.8

     $
     2,050.0

     $
     1,916.1

      Fair value mark against receivable (1) 

     37.8

     94.5

     142.5

     137.7

     167.5

     237.5

     265.2

     257.9

      Total managed receivables (2) 
      
     $
     2,706.3

     $
     2,724.8

     $
     2,654