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Segment Information | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company organizes its operations into two reportable segments as follows: •U.S. operations •Latin America operations - Includes operations in Mexico, Guatemala, El Salvador and Colombia Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, merger and other acquisition expenses and (gain) loss on foreign exchange, are incurred or earned in both the U.S. and Latin America, but presented on a consolidated basis and are not allocated between the U.S. operations segment and Latin America operations segment. The following tables present reportable segment information for the three and nine month periods ended September 30, 2020 and 2019 (in thousands):
|  | Three Months Ended September 30, 2020 |  |  |  |  |  |
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 151,618 |  |  | $ | 83,364 |  |  | $ | — |  |  | $ | 234,982 |
Pawn loan fees |  | 66,180 |  |  | 33,390 |  |  | — |  |  | 99,570 |
Wholesale scrap jewelry sales |  | 12,692 |  |  | 12,589 |  |  | — |  |  | 25,281 |
Consumer loan and credit services fees |  | 57 |  |  | — |  |  | — |  |  | 57 |
Total revenue |  | 230,547 |  |  | 129,343 |  |  | — |  |  | 359,890 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 84,673 |  |  | 52,557 |  |  | — |  |  | 137,230 |
Cost of wholesale scrap jewelry sold |  | 10,316 |  |  | 9,502 |  |  | — |  |  | 19,818 |
Consumer loan and credit services loss provision |  | 104 |  |  | — |  |  | — |  |  | 104 |
Total cost of revenue |  | 95,093 |  |  | 62,059 |  |  | — |  |  | 157,152 |
Net revenue |  | 135,454 |  |  | 67,284 |  |  | — |  |  | 202,738 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 92,678 |  |  | 39,383 |  |  | — |  |  | 132,061 |
Administrative expenses |  | — |  |  | — |  |  | 24,354 |  |  | 24,354 |
Depreciation and amortization |  | 5,390 |  |  | 3,903 |  |  | 1,133 |  |  | 10,426 |
Interest expense |  | — |  |  | — |  |  | 6,561 |  |  | 6,561 |
Interest income |  | — |  |  | — |  |  | (499) |  |  | (499) |
Merger and other acquisition expenses |  | — |  |  | — |  |  | 7 |  |  | 7 |
Gain on foreign exchange |  | — |  |  | — |  |  | (432) |  |  | (432) |
Loss on extinguishment of debt |  | — |  |  | — |  |  | 11,737 |  |  | 11,737 |
Write-offs and impairments of certain lease intangibles and other assets |  | — |  |  | — |  |  | 837 |  |  | 837 |
Total expenses and other income |  | 98,068 |  |  | 43,286 |  |  | 43,698 |  |  | 185,052 |
Income (loss) before income taxes |  | $ | 37,386 |  |  | $ | 23,998 |  |  | $ | (43,698) |  |  | $ | 17,686 |
|  | Three Months Ended September 30, 2019 |  |  |  |  |  |
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 168,092 |  |  | $ | 113,266 |  |  | $ | — |  |  | $ | 281,358 |
Pawn loan fees |  | 95,125 |  |  | 47,754 |  |  | — |  |  | 142,879 |
Wholesale scrap jewelry sales |  | 18,369 |  |  | 7,292 |  |  | — |  |  | 25,661 |
Consumer loan and credit services fees |  | 2,561 |  |  | — |  |  | — |  |  | 2,561 |
Total revenue |  | 284,147 |  |  | 168,312 |  |  | — |  |  | 452,459 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 103,728 |  |  | 74,869 |  |  | — |  |  | 178,597 |
Cost of wholesale scrap jewelry sold |  | 16,217 |  |  | 6,443 |  |  | — |  |  | 22,660 |
Consumer loan and credit services loss provision |  | 223 |  |  | — |  |  | — |  |  | 223 |
Total cost of revenue |  | 120,168 |  |  | 81,312 |  |  | — |  |  | 201,480 |
Net revenue |  | 163,979 |  |  | 87,000 |  |  | — |  |  | 250,979 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 103,315 |  |  | 46,504 |  |  | — |  |  | 149,819 |
Administrative expenses |  | — |  |  | — |  |  | 30,576 |  |  | 30,576 |
Depreciation and amortization |  | 5,213 |  |  | 3,795 |  |  | 1,666 |  |  | 10,674 |
Interest expense |  | — |  |  | — |  |  | 8,922 |  |  | 8,922 |
Interest income |  | — |  |  | — |  |  | (429) |  |  | (429) |
Merger and other acquisition expenses |  | — |  |  | — |  |  | 805 |  |  | 805 |
Loss on foreign exchange |  | — |  |  | — |  |  | 1,648 |  |  | 1,648 |
Total expenses and other income |  | 108,528 |  |  | 50,299 |  |  | 43,188 |  |  | 202,015 |
Income (loss) before income taxes |  | $ | 55,451 |  |  | $ | 36,701 |  |  | $ | (43,188) |  |  | $ | 48,964 |
|  | Nine Months Ended September 30, 2020 |  |  |  |  |  |
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 556,528 |  |  | $ | 262,483 |  |  | $ | — |  |  | $ | 819,011 |
Pawn loan fees |  | 235,937 |  |  | 107,738 |  |  | — |  |  | 343,675 |
Wholesale scrap jewelry sales |  | 37,727 |  |  | 36,710 |  |  | — |  |  | 74,437 |
Consumer loan and credit services fees |  | 2,003 |  |  | — |  |  | — |  |  | 2,003 |
Total revenue |  | 832,195 |  |  | 406,931 |  |  | — |  |  | 1,239,126 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 325,863 |  |  | 167,573 |  |  | — |  |  | 493,436 |
Cost of wholesale scrap jewelry sold |  | 32,754 |  |  | 28,268 |  |  | — |  |  | 61,022 |
Consumer loan and credit services loss provision |  | (480) |  |  | — |  |  | — |  |  | (480) |
Total cost of revenue |  | 358,137 |  |  | 195,841 |  |  | — |  |  | 553,978 |
Net revenue |  | 474,058 |  |  | 211,090 |  |  | — |  |  | 685,148 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 303,686 |  |  | 122,926 |  |  | — |  |  | 426,612 |
Administrative expenses |  | — |  |  | — |  |  | 85,642 |  |  | 85,642 |
Depreciation and amortization |  | 16,352 |  |  | 11,568 |  |  | 3,504 |  |  | 31,424 |
Interest expense |  | — |  |  | — |  |  | 21,953 |  |  | 21,953 |
Interest income |  | — |  |  | — |  |  | (1,209) |  |  | (1,209) |
Merger and other acquisition expenses |  | — |  |  | — |  |  | 209 |  |  | 209 |
Loss on foreign exchange |  | — |  |  | — |  |  | 1,639 |  |  | 1,639 |
Loss on extinguishment of debt |  | — |  |  | — |  |  | 11,737 |  |  | 11,737 |
Write-offs and impairments of certain lease intangibles and other assets |  | — |  |  | — |  |  | 6,549 |  |  | 6,549 |
Total expenses and other income |  | 320,038 |  |  | 134,494 |  |  | 130,024 |  |  | 584,556 |
Income (loss) before income taxes |  | $ | 154,020 |  |  | $ | 76,596 |  |  | $ | (130,024) |  |  | $ | 100,592 |
|  | Nine Months Ended September 30, 2019 |  |  |  |  |  |
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 523,825 |  |  | $ | 320,528 |  |  | $ | — |  |  | $ | 844,353 |
Pawn loan fees |  | 283,127 |  |  | 137,867 |  |  | — |  |  | 420,994 |
Wholesale scrap jewelry sales |  | 56,942 |  |  | 25,410 |  |  | — |  |  | 82,352 |
Consumer loan and credit services fees |  | 18,378 |  |  | — |  |  | — |  |  | 18,378 |
Total revenue |  | 882,272 |  |  | 483,805 |  |  | — |  |  | 1,366,077 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 326,134 |  |  | 208,084 |  |  | — |  |  | 534,218 |
Cost of wholesale scrap jewelry sold |  | 52,340 |  |  | 24,607 |  |  | — |  |  | 76,947 |
Consumer loan and credit services loss provision |  | 3,829 |  |  | — |  |  | — |  |  | 3,829 |
Total cost of revenue |  | 382,303 |  |  | 232,691 |  |  | — |  |  | 614,994 |
Net revenue |  | 499,969 |  |  | 251,114 |  |  | — |  |  | 751,083 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 310,208 |  |  | 134,810 |  |  | — |  |  | 445,018 |
Administrative expenses |  | — |  |  | — |  |  | 94,426 |  |  | 94,426 |
Depreciation and amortization |  | 15,527 |  |  | 10,679 |  |  | 4,852 |  |  | 31,058 |
Interest expense |  | — |  |  | — |  |  | 25,840 |  |  | 25,840 |
Interest income |  | — |  |  | — |  |  | (788) |  |  | (788) |
Merger and other acquisition expenses |  | — |  |  | — |  |  | 1,510 |  |  | 1,510 |
Loss on foreign exchange |  | — |  |  | — |  |  | 926 |  |  | 926 |
Total expenses and other income |  | 325,735 |  |  | 145,489 |  |  | 126,766 |  |  | 597,990 |
Income (loss) before income taxes |  | $ | 174,234 |  |  | $ | 105,625 |  |  | $ | (126,766) |  |  | $ | 153,093 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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