Company: ATLCL
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025502
Chunk: 26

Company: Atlanticus Holdings Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 26
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 the transaction and ensure we earn adequate returns. These merchant fees are based on the value of the goods purchased from our retail partners, the consumer’s credit risk and the terms of our bank partners' related product offering. These fees are recognized upon completion of our services, which coincides with the funding of the loan by our bank partners, in Consumer loans, including past due fees on our condensed consolidated statements of income. These merchant fees often offset the negative impact of the initial acquisition of the underlying receivable. As such, it is not always necessary for us to collect the aggregate unpaid gross balance of the underlying receivable to achieve desired returns.

       16

   Valuations and Techniques for Liabilities
    
   Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the liability. The table below summarizes (in thousands) by fair value hierarchy the  June 30, 2025 and  December 31, 2024 fair values and carrying amounts of our liabilities not carried at fair value, but for which fair value disclosures are required:

     Liabilities – As of June 30, 2025   Quoted Prices in Active Markets for Identical Assets (Level 1)    Significant Other Observable Inputs (Level 2)    Significant Unobservable Inputs (Level 3)    Carrying Amount of Liabilities  
                 
 Loan purchase commitment  $—  $—  $283  $283 
 Bank partner fees carried at fair value  $—  $—  $15,779  $15,779 
 Liabilities not carried at fair value                 
 Revolving credit facilities  $—  $—  $2,482,381  $2,460,688 
 Amortizing debt facilities  $—  $—  $5,371  $5,371 
 Senior notes, net  $310,347  $—  $—  $308,339 

     Liabilities – As of December 31, 2024   Quoted Prices in Active Markets for Identical Assets (Level 1)    Significant Other Observable Inputs (Level 2)    Significant Unobservable Inputs (Level 3)    Carrying Amount of Liabilities  
                 
 Loan purchase commitment  $—  $—  $285