Segment Information

The Company organizes its operations into two reportable segments as follows:


•	U.S. operations - Includes all pawn and consumer loan operations in the U.S.


•	Latin America operations - Includes all pawn and consumer loan operations in Latin America, which currently includes operations in Mexico, Guatemala, El Salvador and Colombia

The following tables present reportable segment information for the three month period ended March 31, 2018 and 2017 (in thousands):



	Three Months Ended March 31, 2018
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	186,052	$	83,789	$	—		$	269,841
Pawn loan fees	96,242		33,551		—			129,793
Wholesale scrap jewelry sales	29,457		5,268		—			34,725
Consumer loan and credit services fees	15,039		402		—			15,441
Total revenue	326,790		123,010		—			449,800

Cost of revenue:
Cost of retail merchandise sold	120,616		53,881		—			174,497
Cost of wholesale scrap jewelry sold	27,653		4,842		—			32,495
Consumer loan and credit services loss provision	3,644		83		—			3,727
Total cost of revenue	151,913		58,806		—			210,719

Net revenue	174,877		64,204		—			239,081

Expenses and other income:
Store operating expenses	104,383		34,178		—			138,561
Administrative expenses	—		—		28,002			28,002
Depreciation and amortization	5,555		2,709		3,019			11,283
Interest expense	—		—		6,198			6,198
Interest income	—		—		(981		)	(981		)
Merger and other acquisition expenses	—		—		239			239
Total expenses and other income	109,938		36,887		36,477			183,302

Income (loss) before income taxes	$	64,939	$	27,317	$	(36,477	)	$	55,779



	Three Months Ended March 31, 2017
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	193,666	$	66,328	$	—		$	259,994
Pawn loan fees	101,818		26,433		—			128,251
Wholesale scrap jewelry sales	32,897		5,214		—			38,111
Consumer loan and credit services fees	20,815		405		—			21,220
Total revenue	349,196		98,380		—			447,576

Cost of revenue:
Cost of retail merchandise sold	123,497		42,138		—			165,635
Cost of wholesale scrap jewelry sold	30,682		4,267		—			34,949
Consumer loan and credit services loss provision	3,990		102		—			4,092
Total cost of revenue	158,169		46,507		—			204,676

Net revenue	191,027		51,873		—			242,900

Expenses and other income:
Store operating expenses	107,968		28,776		—			136,744
Administrative expenses	—		—		33,238			33,238
Depreciation and amortization	6,419		2,397		5,427			14,243
Interest expense	—		—		6,113			6,113
Interest income	—		—		(327		)	(327		)
Merger and other acquisition expenses	—		—		647			647
Total expenses and other income	114,387		31,173		45,098			190,658

Income (loss) before income taxes	$	76,640	$	20,700	$	(45,098	)	$	52,242