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 and six month periods ended June 30, 2018 and 2017 (in thousands):



	Three Months Ended June 30, 2018
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	166,441	$	89,301	$	—		$	255,742
Pawn loan fees	87,825		35,187		—			123,012
Wholesale scrap jewelry sales	22,133		5,342		—			27,475
Consumer loan and credit services fees	13,401		342		—			13,743
Total revenue	289,800		130,172		—			419,972

Cost of revenue:
Cost of retail merchandise sold	105,272		58,302		—			163,574
Cost of wholesale scrap jewelry sold	18,955		5,121		—			24,076
Consumer loan and credit services loss provision	3,810		84		—			3,894
Total cost of revenue	128,037		63,507		—			191,544

Net revenue	161,763		66,665		—			228,428

Expenses and other income:
Store operating expenses	103,625		33,958		—			137,583
Administrative expenses	—		—		29,720			29,720
Depreciation and amortization	5,037		2,740		3,175			10,952
Interest expense	—		—		6,529			6,529
Interest income	—		—		(740		)	(740		)
Merger and other acquisition expenses	—		—		2,113			2,113
Total expenses and other income	108,662		36,698		40,797			186,157

Income (loss) before income taxes	$	53,101	$	29,967	$	(40,797	)	$	42,271



	Three Months Ended June 30, 2017
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	164,852	$	78,970	$	—		$	243,822
Pawn loan fees	90,254		32,378		—			122,632
Wholesale scrap jewelry sales	26,136		5,510		—			31,646
Consumer loan and credit services fees	18,085		444		—			18,529
Total revenue	299,327		117,302		—			416,629

Cost of revenue:
Cost of retail merchandise sold	106,731		49,742		—			156,473
Cost of wholesale scrap jewelry sold	25,400		5,190		—			30,590
Consumer loan and credit services loss provision	5,057		85		—			5,142
Total cost of revenue	137,188		55,017		—			192,205

Net revenue	162,139		62,285		—			224,424

Expenses and other income:
Store operating expenses	105,521		31,549		—			137,070
Administrative expenses	—		—		30,305			30,305
Depreciation and amortization	6,421		2,622		5,646			14,689
Interest expense	—		—		5,585			5,585
Interest income	—		—		(393		)	(393		)
Merger and other acquisition expenses	—		—		1,606			1,606
Loss on extinguishment of debt	—		—		14,094			14,094
Total expenses and other income	111,942		34,171		56,843			202,956

Income (loss) before income taxes	$	50,197	$	28,114	$	(56,843	)	$	21,468



	Six Months Ended June 30, 2018
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	352,493	$	173,090	$	—		$	525,583
Pawn loan fees	184,067		68,738		—			252,805
Wholesale scrap jewelry sales	51,590		10,610		—			62,200
Consumer loan and credit services fees	28,440		744		—			29,184
Total revenue	616,590		253,182		—			869,772

Cost of revenue:
Cost of retail merchandise sold	225,888		112,183		—			338,071
Cost of wholesale scrap jewelry sold	46,608		9,963		—			56,571
Consumer loan and credit services loss provision	7,454		167		—			7,621
Total cost of revenue	279,950		122,313		—			402,263

Net revenue	336,640		130,869		—			467,509

Expenses and other income:
Store operating expenses	208,008		68,136		—			276,144
Administrative expenses	—		—		57,722			57,722
Depreciation and amortization	10,592		5,449		6,194			22,235
Interest expense	—		—		12,727			12,727
Interest income	—		—		(1,721		)	(1,721		)
Merger and other acquisition expenses	—		—		2,352			2,352
Total expenses and other income	218,600		73,585		77,274			369,459

Income (loss) before income taxes	$	118,040	$	57,284	$	(77,274	)	$	98,050



	Six Months Ended June 30, 2017
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	358,518	$	145,298	$	—		$	503,816
Pawn loan fees	192,072		58,811		—			250,883
Wholesale scrap jewelry sales	59,033		10,724		—			69,757
Consumer loan and credit services fees	38,900		849		—			39,749
Total revenue	648,523		215,682		—			864,205

Cost of revenue:
Cost of retail merchandise sold	230,228		91,880		—			322,108
Cost of wholesale scrap jewelry sold	56,082		9,457		—			65,539
Consumer loan and credit services loss provision	9,047		187		—			9,234
Total cost of revenue	295,357		101,524		—			396,881

Net revenue	353,166		114,158		—			467,324

Expenses and other income:
Store operating expenses	213,489		60,325		—			273,814
Administrative expenses	—		—		63,543			63,543
Depreciation and amortization	12,840		5,019		11,073			28,932
Interest expense	—		—		11,698			11,698
Interest income	—		—		(720		)	(720		)
Merger and other acquisition expenses	—		—		2,253			2,253
Loss on extinguishment of debt	—		—		14,094			14,094
Total expenses and other income	226,329		65,344		101,941			393,614

Income (loss) before income taxes	$	126,837	$	48,814	$	(101,941	)	$	73,710