Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 144

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 144
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   —   33,577 
 Total revenue from contracts with customers  $52,275  $179  $52,454 

 For the Three Months Ended March 31, 2024   CaaS    Auto Finance    Total  
 Interchange revenues, net (1)  $4,664  $—  $4,664 
 Servicing income   1,335   200   1,535 
 Service charges and other customer related fees   5,679   17   5,696 
 Total Other revenue   11,678   217   11,895
 Merchant fees (2)   24,264   —   24,264
 Total revenue from contracts with customers  $35,942  $217  $36,159

   (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 continuing operations (separated by federal, state and foreign).