XML 30 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The Company’s financial assets and liabilities as of March 31, 2018, 2017 and December 31, 2017 that are not measured at fair value in the condensed consolidated balance sheets are as follows (in thousands):

 
 
Carrying Value
 
Estimated Fair Value
 
 
March 31,
 
March 31,
 
Fair Value Measurements Using
 
 
2018
 
2018
 
Level 1
 
Level 2
 
Level 3
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
110,408

 
$
110,408

 
$
110,408

 
$

 
$

Pawn loans
 
322,625

 
322,625

 

 

 
322,625

Consumer loans, net
 
17,447

 
17,447

 

 

 
17,447

Fees and service charges receivable
 
40,022

 
40,022

 

 

 
40,022

 
 
$
490,502

 
$
490,502

 
$
110,408

 
$

 
$
380,094

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Revolving unsecured credit facility
 
$
83,000

 
$
83,000

 
$

 
$
83,000

 
$

Senior unsecured notes, outstanding principal
 
300,000

 
305,000

 

 
305,000

 

 
 
$
383,000

 
$
388,000

 
$

 
$
388,000

 
$


 
 
Carrying Value
 
Estimated Fair Value
 
 
March 31,
 
March 31,
 
Fair Value Measurements Using
 
 
2017
 
2017
 
Level 1
 
Level 2
 
Level 3
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
73,148

 
$
73,148

 
$
73,148

 
$

 
$

Pawn loans
 
314,505

 
314,505

 

 

 
314,505

Consumer loans, net
 
22,209

 
22,209

 

 

 
22,209

Fees and service charges receivable
 
38,021

 
38,021

 

 

 
38,021

 
 
$
447,883

 
$
447,883

 
$
73,148

 
$

 
$
374,735

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Revolving unsecured credit facility
 
$
137,000

 
$
137,000

 
$

 
$
137,000

 
$

Senior unsecured notes, outstanding principal
 
200,000

 
208,000

 

 
208,000

 

 
 
$
337,000

 
$
345,000

 
$

 
$
345,000

 
$


 
 
Carrying Value
 
Estimated Fair Value
 
 
December 31,
 
December 31,
 
Fair Value Measurements Using
 
 
2017
 
2017
 
Level 1
 
Level 2
 
Level 3
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
114,423

 
$
114,423

 
$
114,423

 
$

 
$

Pawn loans
 
344,748

 
344,748

 

 

 
344,748

Consumer loans, net
 
23,522

 
23,522

 

 

 
23,522

Fees and service charges receivable
 
42,736

 
42,736

 

 

 
42,736

 
 
$
525,429

 
$
525,429

 
$
114,423

 
$

 
$
411,006

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Revolving unsecured credit facility
 
$
107,000

 
$
107,000

 
$

 
$
107,000

 
$

Senior unsecured notes, outstanding principal
 
300,000

 
314,000

 

 
314,000

 

 
 
$
407,000

 
$
421,000

 
$

 
$
421,000

 
$