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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flow from operating activities:    
Net income $ 73,853 $ 110,464
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Non-cash portion of consumer loan credit loss provision (829) 2,351
Share-based compensation expense 5,250 6,945
Depreciation and amortization expense 31,424 31,058
Amortization of debt issuance costs 1,219 1,429
Loss on extinguishment of debt 11,737 0
Write-offs and impairments of certain lease intangibles and other assets 6,549 0
Deferred income taxes, net 11,401 7,451
Changes in operating assets and liabilities, net of business combinations:    
Fees and service charges receivable 8,291 (2,475)
Inventories purchased directly from customers, wholesalers or manufacturers 26,628 (358)
Prepaid expenses and other assets 75 576
Accounts payable, accrued liabilities and other liabilities 12,971 7,020
Income taxes (11,203) (637)
Net cash flow provided by operating activities 177,366 163,824
Cash flow from investing activities:    
Loan receivables, net [1] 145,930 (2,998)
Purchases of furniture, fixtures, equipment and improvements (27,853) (33,104)
Purchases of store real property (20,946) (42,954)
Acquisitions of pawn stores, net of cash acquired (9,340) (41,986)
Net cash flow provided by (used in) investing activities 87,791 (121,042)
Cash flow from financing activities:    
Borrowings from unsecured credit facilities 221,925 191,000
Repayments of unsecured credit facilities (520,433) (146,000)
Issuance of senior unsecured notes 500,000 0
Early Repayment of Senior Debt 300,000 0
Repurchase/redemption premiums paid on senior unsecured notes (8,781) 0
Debt issuance costs paid (5,285) 0
Purchases of treasury stock (80,331) (67,221)
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 (33,646) (32,409)
Net cash flow used in financing activities (229,878) (54,230)
Effect of exchange rates on cash (2,962) 838
Change in cash and cash equivalents 32,317 (10,610)
Cash and cash equivalents at beginning of the period 46,527 71,793
Cash and cash equivalents at end of the period $ 78,844 $ 61,183
[1] (1) Includes the funding of new loans net of cash repayments and recovery of principal through the sale of inventories acquired from forfeiture of pawn collateral.