XML 21 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flow from operating activities:    
Net income $ 71,806 $ 47,884
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Non-cash portion of credit loss provision 4,291 5,973
Share-based compensation expense 2,750 1,535
Depreciation and amortization expense 22,235 28,932
Amortization of debt issuance costs 963 864
Amortization of favorable/(unfavorable) lease intangibles, net (356) (487)
Loss on extinguishment of debt 0 (14,094)
Deferred income taxes, net 2,801 11,886
Changes in operating assets and liabilities, net of business combinations:    
Fees and service charges receivable 553 (478)
Inventories 8,931 8,588
Prepaid expenses and other assets (1,824) 12,379
Accounts payable, accrued liabilities and other liabilities (10,327) (30,959)
Income taxes 18,144 2,602
Net cash flow provided by operating activities 119,967 102,813
Cash flow from investing activities:    
Loan receivables, net of cash repayments 30,913 33,963
Purchases of property and equipment (23,188) (17,401)
Acquisitions of pawn stores, net of cash acquired (36,171) (1,115)
Net cash flow provided by (used in) investing activities (28,446) 15,447
Cash flow from financing activities:    
Borrowings from revolving unsecured credit facility 220,000 120,000
Repayments of revolving unsecured credit facility (105,500) (283,000)
Issuance of senior unsecured notes 0 300,000
Repurchase/redemption of senior unsecured notes 0 (200,000)
Repurchase/redemption premiums paid on senior unsecured notes 0 (10,875)
Debt issuance costs paid 0 4,718
Purchases of treasury stock (217,288) (26,274)
Proceeds from exercise of share-based compensation awards 400 307
Dividends paid (20,166) (18,348)
Net cash flow used in financing activities (122,554) (122,908)
Effect of exchange rates on cash (263) 6,127
Change in cash and cash equivalents (31,296) 1,479
Cash and cash equivalents at beginning of the period 114,423 89,955
Cash and cash equivalents at end of the period $ 83,127 $ 91,434