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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flow from operating activities:    
Net income $ 58,791 $ 75,703
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Non-cash portion of credit loss provision (833) 2,262
Share-based compensation expense 5,250 4,630
Depreciation and amortization expense 20,998 20,384
Amortization of debt issuance costs 772 949
Write-offs and impairments of certain lease intangibles and other assets 5,712 0
Deferred income taxes, net 8,557 5,594
Changes in operating assets and liabilities, net of business combinations:    
Fees and service charges receivable 14,265 (537)
Inventories purchased directly from customers, wholesalers or manufacturers 21,143 4,461
Prepaid expenses and other assets 271 508
Accounts payable, accrued liabilities and other liabilities 4,294 (7,879)
Income taxes 4,079 (102)
Net cash flow provided by operating activities 143,299 105,973
Cash flow from investing activities:    
Loan receivables, net (1) 178,279 19,574
Purchases of furniture, fixtures, equipment and improvements (20,476) (22,904)
Purchases of store real property (19,596) (31,894)
Acquisitions of pawn stores, net of cash acquired (7,764) (38,241)
Net cash flow provided by (used in) investing activities 130,443 (73,465)
Cash flow from financing activities:    
Borrowings from unsecured credit facilities 143,925 144,000
Repayments of unsecured credit facilities (282,433) (99,000)
Debt issuance costs paid (134) 0
Purchases of treasury stock (80,331) (61,554)
Proceeds from exercise of stock options 0 400
Payment of withholding taxes on net share settlements of restricted stock unit awards (3,327) 0
Dividends paid (22,457) (21,668)
Net cash flow used in financing activities (244,757) (37,822)
Effect of exchange rates on cash (4,556) 533
Change in cash and cash equivalents 24,429 (4,781)
Cash and cash equivalents at beginning of the period 46,527 71,793
Cash and cash equivalents at end of the period $ 70,956 $ 67,012