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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated | 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 Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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