v3.24.0.1
CONSUMER RECEIVABLES, NET (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Aging Analysis of Consumer Receivables held for Investment
The following table presents an aging analysis of the amortized cost of consumer receivables by delinquency status (in thousands):
December 31, 2023December 31, 2022
Non-delinquent loans$2,074,532 $1,643,874 
1 - 60 days past due453,412 295,830 
61 - 90 days past due26,798 20,612 
90+ days past due75,227 62,134 
Total amortized cost$2,629,969 $2,022,450 
Change in Allowance for Credit Losses
The following table summarizes activity in the allowance for credit losses subsequent to the acquisition of Afterpay (in thousands):
Year Ended December 31, 2023From Acquisition on
January 31, 2022 to
December 31, 2022
Allowance for credit losses, beginning of the period (i)
$151,290 $115,552 
Provision for credit losses261,296 203,670 
Charge-offs and other adjustments(228,845)(168,664)
Foreign exchange effect1,534 732 
Allowance for credit losses, end of the period$185,275 $151,290 

(i) Consumer receivables acquired from Afterpay that reflect a more-than-insignificant deterioration of credit from origination are considered purchased credit deteriorated ("PCD") receivables. For PCD consumer receivables, the initial estimate of expected credit losses is recognized in the allowance for credit losses on the date of acquisition using the same methodology as other consumer receivables.