Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 139

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 139
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 such as inflation or other macroeconomic changes; changes in underwriting criteria; unfunded commitments (to the extent they are unconditional), and estimated recoveries. The aforementioned inputs are calculated using historical trends over the most recent two year period, and adjusted as needed for current trends and reasonable and supportable forecasts. We  may individually evaluate a receivable or pool of receivables for credit losses if circumstances indicate that the receivable or pool of receivables  may be at higher risk for non-performance than other receivables (e.g., if a particular retail or auto-finance partner has indications of nonperformance (such as a bankruptcy) that could impact the underlying pool of receivables we purchased from the partner).
    
   Certain of our loans at amortized cost also contain components of deferred revenue related to loan discounts on the purchase of our auto finance receivables. As of  March 31, 2025 and  December 31, 2024, the weighted average remaining accretion period for the $20.1 million and $19.8 million of deferred revenue reflected in the condensed consolidated balance sheets was 23 and 24 months, respectively.
    
   A roll-forward (in millions) of our allowance for credit losses by class of receivable is as follows:

     For the Three Months Ended March 31,   2025    2024  
   Notes Receivable    Auto Finance    Total    Notes Receivable    Auto Finance    Total  
 Allowance for credit losses:                         
 Balance at beginning of period  $(5.9) $(4.9) $(10.8) $—  $(1.8) $(1.8)
 Provision for credit losses   —   (1.1)  (1.1)  —   (2.9)  (2.9)
 Charge-offs   —   1.8   1.8   —   1.8   1.8 
 Recoveries   —   (0.6)  (0.6)  —   (0.5)  (0.5)
 Balance at end of period  $(5.9) $(4.8) $(10.7) $—  $(3.4) $(3.4)

       March 31