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Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value by Balance Sheet Grouping

The Company’s financial assets and liabilities as of March 31, 2020, 2019 and December 31, 2019 that are not measured at fair value in the consolidated balance sheets are as follows (in thousands):

		Carrying Value				Estimated Fair Value
		March 31,				March 31,				Fair Value Measurements Using
		2020				2020				Level 1				Level 2				Level 3
Financial assets:
Cash and cash equivalents		$	75,464			$	75,464			$	75,464			$	—			$	—
Fees and service charges receivable		40,121				40,121				—				—				40,121
Pawn loans		314,296				314,296				—				—				314,296
Consumer loans, net		410				410				—				—				410
		$	430,291			$	430,291			$	75,464			$	—			$	354,827
Financial liabilities:
Revolving unsecured credit facilities		$	355,519			$	355,519			$	—			$	355,519			$	—
Senior unsecured notes (outstanding principal)		300,000				276,000				—				276,000				—
		$	655,519			$	631,519			$	—			$	631,519			$	—

		Carrying Value				Estimated Fair Value
		March 31,				March 31,				Fair Value Measurements Using
		2019				2019				Level 1				Level 2				Level 3
Financial assets:
Cash and cash equivalents		$	49,663			$	49,663			$	49,663			$	—			$	—
Fees and service charges receivable		43,993				43,993				—				—				43,993
Pawn loans		345,200				345,200				—				—				345,200
Consumer loans, net		11,017				11,017				—				—				11,017
		$	449,873			$	449,873			$	49,663			$	—			$	400,210
Financial liabilities:
Revolving unsecured credit facility		$	255,000			$	255,000			$	—			$	255,000			$	—
Senior unsecured notes (outstanding principal)		300,000				306,000				—				306,000				—
		$	555,000			$	561,000			$	—			$	561,000			$	—

		Carrying Value				Estimated Fair Value
		December 31,				December 31,				Fair Value Measurements Using
		2019				2019				Level 1				Level 2				Level 3
Financial assets:
Cash and cash equivalents		$	46,527			$	46,527			$	46,527			$	—			$	—
Fees and service charges receivable		46,686				46,686				—				—				46,686
Pawn loans		369,527				369,527				—				—				369,527
Consumer loans, net		751				751				—				—				751
		$	463,491			$	463,491			$	46,527			$	—			$	416,964
Financial liabilities:
Revolving unsecured credit facility		$	335,000			$	335,000			$	—			$	335,000			$	—
Senior unsecured notes (outstanding principal)		300,000				310,000				—				310,000				—
		$	635,000			$	645,000			$	—			$	645,000			$	—

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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X

- References

No definition available.

+ Details

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