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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flow from operating activities:    
Net income $ 110,464 $ 105,131
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Non-cash portion of credit loss provision 2,351 7,101
Share-based compensation expense 6,945 4,125
Depreciation and amortization expense 31,058 33,085
Amortization of debt issuance costs 1,429 1,448
Amortization of favorable/(unfavorable) lease intangibles, net 0 (341)
Deferred income taxes, net 7,451 4,953
Changes in operating assets and liabilities, net of business combinations:    
Fees and service charges receivable (2,475) (3,988)
Inventories (358) 3,227
Prepaid expenses and other assets 576 (10)
Accounts payable, accrued liabilities and other liabilities 7,020 4,857
Income taxes (637) 14,631
Net cash flow provided by operating activities 163,824 174,219
Cash flow from investing activities:    
Loan receivables, net of cash repayments (2,998) (13,055)
Purchases of furniture, fixtures, equipment and improvements (33,104) (25,768)
Purchases of store real property (42,954) (14,986)
Acquisitions of pawn stores, net of cash acquired (41,986) (88,387)
Net cash flow used in investing activities (121,042) (142,196)
Cash flow from financing activities:    
Borrowings from revolving unsecured credit facility 191,000 357,500
Repayments of revolving unsecured credit facility (146,000) (159,500)
Purchases of treasury stock (67,221) (258,545)
Proceeds from exercise of share-based compensation awards 400 400
Dividends paid (32,409) (29,897)
Net cash flow used in financing activities (54,230) (90,042)
Effect of exchange rates on cash 838 621
Change in cash and cash equivalents (10,610) (57,398)
Cash and cash equivalents at beginning of the period 71,793 114,423
Cash and cash equivalents at end of the period $ 61,183 $ 57,025