What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2023-03-15 compared with 2022-03-16 · 28 added, 137 removed, 12 unchanged (93% of the section changed)

Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

The Company’s Common Stock is traded on the

Nasdaq Global Market, under the symbol " CPSS.

The following table sets forth the high and low sale prices as reported by Nasdaq for our Common Stock for the periods shown.

January 1 - March 31, 2020

April 1 - June 30, 2020

July 1 - September 30, 2020

October 1 - December 31, 2020

January 1 - March 31, 2021

April 1 - June 30, 2021

July 1 - September 30, 2021

October 1 - December 31, 2021

As of January 1, 2022, there

were 27 holders of record of the Company’s Common Stock.

To date, we have not declared or paid any dividends on our Common Stock.

The payment of future dividends, if any, on our Common Stock is within the discretion of the Board of Directors and will depend upon our

income, capital requirements and financial condition, and other relevant factors.

The instruments governing our outstanding debt place

certain restrictions on the payment of dividends.

We do not intend to declare any dividends on our Common Stock in the foreseeable future,

but instead intend to retain any cash flow for use in our operations.

The Company’s Common

Stock is traded on the Nasdaq Global Market, under the symbol “ CPSS.”

As of January 1, 2023, there were 28 holders of record of the Company’s Common Stock.

To date, we have not declared

or paid any dividends on our Common Stock.

The payment of future dividends, if any, on our Common Stock is within the discretion of the

Board of Directors and will depend upon our income, capital requirements and financial condition, and other relevant factors.

The instruments

governing our outstanding debt place certain restrictions on the payment of dividends.

We do not intend to declare any dividends on our

Common Stock in the foreseeable future, but instead intend to retain any cash flow for use in our operations.

The table below presents information regarding

1 unchanged sentence

Plan category

Number of securities

to be issued upon

exercise of outstanding options, warrants

Weighted average

exercise price of outstanding

options, warrants

securities remaining available for future issuance under equity compensation plans

Number of securities to be issued upon

exercise of outstanding options, warrants and rights

Weighted average exercise price of

outstanding options, warrants and rights

Number of securities remaining

available for future issuance under equity compensation plans

Equity compensation plans approved by security holders

2 unchanged sentences

Fourth Quarter

Total Number of

Shares Purchased as

Part of Publicly

Announced Plans or

Approximate Dollar

Value of Shares that

Under the Plans

Total Number of Shares Purchased

Average Price Paid per Share

Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2)

Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs

November 2022

December 2022

___________________

(1) Each monthly period is the calendar month.

(2) Our board of directors authorized the purchase of $5.0 million and $8.675 million of our outstanding

securities in November and December 2021, respectively.

Through December 31, 2021, our board of directors had authorized the purchase

of up to $88.2 million of our outstanding securities, which program was first announced in our annual report for the year 2002, filed

on March 26, 2003.

All purchases described in the table above were under the plan announced in March 2003, which has no fixed expiration

(2) Our board of directors authorized the purchase of $5.0 million, $10 million and $20 million of our

outstanding securities in January, March and July 2022, respectively.

Through December 31, 2022, our board of directors had authorized

the purchase of up to $123.2 million of our outstanding securities, which program was first announced in our annual report for the year

2002, filed on March 26, 2003.

All purchases described in the table above were under the plan announced in March 2003, which has

no fixed expiration date.

As of December 31, 2022, we have purchased $109.9 million of our common stock representing 22,903,866 shares.

Selected Financial Data

The following table presents

our selected consolidated financial data and operating data as of and for the dates indicated.

The data under the captions " Statement

of Income Data " and " Balance

Sheet Data " have been derived from our audited consolidated financial

The remainder is derived from other records of ours.

You should read the selected consolidated financial data together with

" Management’s Discussion and Analysis of Financial Condition

and Results of Operations " and our audited and unaudited consolidated

financial statements and notes thereto that are included in this report, and in our quarterly and periodic filings.

As of and For the Year Ended December 31,

(in thousands, except

per share data)

Statement of Income Data

Interest income

Mark to finance receivables measured at fair value

Total revenues

Employee costs

General and administrative

Interest expense

Provision for credit losses

Total expenses

Income before income tax expense

Income tax expense (benefit)

Earnings per share-basic

Earnings per share-diluted

Pre-tax income per share-basic (1)

Pre-tax income per share-diluted (2)

Weighted average shares outstanding-basic

Weighted average shares outstanding-diluted

Balance Sheet Data

Cash and cash equivalents

Restricted cash and equivalents

Finance receivables, net

Finance receivables measured at fair value

Warehouse lines of credit

Residual interest financing

Securitization trust debt

Long-term debt

Shareholders' equity

____________________

before income tax expense divided by weighted average shares outstanding-basic.

for illustrative purposes because some of the periods presented include significant income

tax expense or benefit.

before income tax expense divided by weighted average shares outstanding-diluted.

for illustrative purposes because some of the periods presented include significant income

tax expense or benefit.

For the Year Ended December 31,

(in thousands)

Contract Originations / Securitizations

Automobile contract originations

Automobile contracts securitized

Managed Portfolio Data

Contracts associated with the allowance for finance credit losses

Contracts measured at fair value

Contracts held by consolidated subsidiaries

Third party portfolios (1)

Total managed portfolio

Average managed portfolio

Weighted average fixed effective interest rate (total managed portfolio)

Core operating expenses (% of average managed portfolio) (3)

Allowance for finance credit losses

Allowance for finance credit losses (% of total contracts associated with

the allowance) (7)

Aggregate allowance for finance credit losses and repossessions in inventory

Aggregate allowance for finance credit losses (% of repossessions in inventory

and contracts associated with the allowance)

Total delinquencies (2) (4)

Total delinquencies and repossessions in inventory (2) (4)

Net charge-offs, finance receivables portfolio (2) (5) (6)

Net charge-offs, fair value receivables portfolio (2) (5) (6)

Net charge-offs (2) (5)

_______________________

(1) Receivables related to the third

party portfolios, on which we earn only a servicing fee.

receivables related to the third party portfolios.

expenses excluding provision for credit losses, provision for contingent liabilities, interest

expense, loss on sale of receivables and impairment loss on residual assets.

further information regarding delinquencies and the managed portfolio, see the table captioned

" Delinquency

Experience, " in

Item 1, Part I of this report and the notes to that table.

charge-offs include the remaining principal balance, after the application of the net proceeds

from the liquidation of the vehicle (excluding accrued and unpaid interest) and amounts collected

subsequent to the date of the charge-off, including some recoveries which have been classified

as other income in the accompanying consolidated financial statements.

For further information

regarding charge-offs, see the table captioned " Net

Charge-Off Experience, "

in Item I, Part I of this report and the notes to that table.

finance receivables portfolio is comprised of contracts we acquired prior to January 2018.

The fair value receivables portfolio is comprised of contracts we have acquired since January

326 was adopted in 2020 for the finance receivables portfolio.

The allowance for finance

credit losses for the year ended December 31, 2020 and 2021 represent expected lifetime credit

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity