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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The Company’s financial assets and liabilities as of June 30, 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
 
 
June 30,
 
June 30,
 
Fair Value Measurements Using
 
 
2018
 
2018
 
Level 1
 
Level 2
 
Level 3
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
83,127

 
$
83,127

 
$
83,127

 
$

 
$

Pawn loans
 
348,295

 
348,295

 

 

 
348,295

Consumer loans, net
 
17,256

 
17,256

 

 

 
17,256

Fees and service charges receivable
 
42,920

 
42,920

 

 

 
42,920

 
 
$
491,598

 
$
491,598

 
$
83,127

 
$

 
$
408,471

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Revolving unsecured credit facility
 
$
221,500

 
$
221,500

 
$

 
$
221,500

 
$

Senior unsecured notes (outstanding principal)
 
300,000

 
300,000

 

 
300,000

 

 
 
$
521,500

 
$
521,500

 
$

 
$
521,500

 
$


 
 
Carrying Value
 
Estimated Fair Value
 
 
June 30,
 
June 30,
 
Fair Value Measurements Using
 
 
2017
 
2017
 
Level 1
 
Level 2
 
Level 3
Financial assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
91,434

 
$
91,434

 
$
91,434

 
$

 
$

Pawn loans
 
353,399

 
353,399

 

 

 
353,399

Consumer loans, net
 
24,192

 
24,192

 

 

 
24,192

Fees and service charges receivable
 
42,810

 
42,810

 

 

 
42,810

 
 
$
511,835

 
$
511,835

 
$
91,434

 
$

 
$
420,401

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
Revolving unsecured credit facility
 
$
97,000

 
$
97,000

 
$

 
$
97,000

 
$

Senior unsecured notes (outstanding principal)
 
300,000

 
312,000

 

 
312,000

 

 
 
$
397,000

 
$
409,000

 
$

 
$
409,000

 
$


 
 
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

 
$