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Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following tables present reportable segment information for the three month period ended March 31, 2021 and 2020 (in thousands):

						Three Months Ended March 31, 2021
						U.S. Operations						Latin America Operations						Corporate						Consolidated
Revenue:
Retail merchandise sales						$	189,957					$	82,085					$	—					$	272,042
Pawn loan fees						76,397						39,125						—						115,522
Wholesale scrap jewelry sales						9,203						11,172						—						20,375
Total revenue						275,557						132,382						—						407,939
Cost of revenue:
Cost of retail merchandise sold						106,530						50,623						—						157,153
Cost of wholesale scrap jewelry sold						7,513						9,684						—						17,197
Total cost of revenue						114,043						60,307						—						174,350
Net revenue						161,514						72,075						—						233,589
Expenses and other income:
Store operating expenses						95,247						42,077						—						137,324
Administrative expenses						—						—						30,999						30,999
Depreciation and amortization						5,382						4,263						967						10,612
Interest expense						—						—						7,230						7,230
Interest income						—						—						(158)						(158)
Merger and acquisition expenses						—						—						166						166
Loss on foreign exchange						—						—						267						267
Write-off of certain Cash America merger related lease intangibles						—						—						878						878
Total expenses and other income						100,629						46,340						40,349						187,318
Income (loss) before income taxes						$	60,885					$	25,735					$	(40,349)					$	46,271

						Three Months Ended March 31, 2020
						U.S. Operations						Latin America Operations						Corporate						Consolidated
Revenue:
Retail merchandise sales						$	195,966					$	100,663					$	—					$	296,629
Pawn loan fees						97,857						44,258						—						142,115
Wholesale scrap jewelry sales						15,478						10,893						—						26,371
Consumer loan and credit services fees (1)						1,375						—						—						1,375
Total revenue						310,676						155,814						—						466,490
Cost of revenue:
Cost of retail merchandise sold						119,529						65,166						—						184,695
Cost of wholesale scrap jewelry sold						14,006						8,841						—						22,847
Consumer loan and credit services loss provision (1)						(361)						—						—						(361)
Total cost of revenue						133,174						74,007						—						207,181
Net revenue						177,502						81,807						—						259,309
Expenses and other income:
Store operating expenses						107,706						45,794						—						153,500
Administrative expenses						—						—						32,902						32,902
Depreciation and amortization						5,401						4,063						1,210						10,674
Interest expense						—						—						8,418						8,418
Interest income						—						—						(185)						(185)
Merger and acquisition expenses						—						—						68						68
Loss on foreign exchange						—						—						2,685						2,685
Write-off of certain Cash America merger related lease intangibles						—						—						3,630						3,630
Impairment of certain other assets						—						—						1,900						1,900
Total expenses and other income						113,107						49,857						50,628						213,592
Income (loss) before income taxes						$	64,395					$	31,950					$	(50,628)					$	45,717

(1)Effective June 30, 2020, the Company no longer offers an unsecured consumer loan product in the U.S.

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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

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- References

No definition available.

+ Details

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