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Segment Information | 6 Months Ended
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Jun. 30, 2021
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, Colombia and El Salvador Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, merger and acquisition expenses, (gain) loss on foreign exchange, write-offs of certain lease intangibles and impairments of certain other assets, 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 six month periods ended June 30, 2021 and 2020 (in thousands):
|  | Three Months Ended June 30, 2021
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 173,254 |  |  | $ | 92,313 |  |  | $ | — |  |  | $ | 265,567 |
Pawn loan fees |  | 66,942 |  |  | 42,967 |  |  | — |  |  | 109,909 |
Wholesale scrap jewelry sales |  | 6,846 |  |  | 7,256 |  |  | — |  |  | 14,102 |
Total revenue |  | 247,042 |  |  | 142,536 |  |  | — |  |  | 389,578 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 95,599 |  |  | 57,825 |  |  | — |  |  | 153,424 |
Cost of wholesale scrap jewelry sold |  | 5,387 |  |  | 6,545 |  |  | — |  |  | 11,932 |
Total cost of revenue |  | 100,986 |  |  | 64,370 |  |  | — |  |  | 165,356 |
Net revenue |  | 146,056 |  |  | 78,166 |  |  | — |  |  | 224,222 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 93,574 |  |  | 45,554 |  |  | — |  |  | 139,128 |
Administrative expenses |  | — |  |  | — |  |  | 27,398 |  |  | 27,398 |
Depreciation and amortization |  | 5,347 |  |  | 4,534 |  |  | 1,021 |  |  | 10,902 |
Interest expense |  | — |  |  | — |  |  | 7,198 |  |  | 7,198 |
Interest income |  | — |  |  | — |  |  | (119) |  |  | (119) |
Merger and acquisition expenses |  | — |  |  | — |  |  | 1,086 |  |  | 1,086 |
Gain on foreign exchange |  | — |  |  | — |  |  | (577) |  |  | (577) |
Write-off of certain Cash America merger related lease intangibles |  | — |  |  | — |  |  | 401 |  |  | 401 |
Total expenses and other income |  | 98,921 |  |  | 50,088 |  |  | 36,408 |  |  | 185,417 |
Income (loss) before income taxes |  | $ | 47,135 |  |  | $ | 28,078 |  |  | $ | (36,408) |  |  | $ | 38,805 |
|  | Three Months Ended June 30, 2020
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 208,944 |  |  | $ | 78,456 |  |  | $ | — |  |  | $ | 287,400 |
Pawn loan fees |  | 71,900 |  |  | 30,090 |  |  | — |  |  | 101,990 |
Wholesale scrap jewelry sales |  | 9,557 |  |  | 13,228 |  |  | — |  |  | 22,785 |
Consumer loan and credit services fees |  | 571 |  |  | — |  |  | — |  |  | 571 |
Total revenue |  | 290,972 |  |  | 121,774 |  |  | — |  |  | 412,746 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 121,661 |  |  | 49,850 |  |  | — |  |  | 171,511 |
Cost of wholesale scrap jewelry sold |  | 8,432 |  |  | 9,925 |  |  | — |  |  | 18,357 |
Consumer loan and credit services loss provision |  | (223) |  |  | — |  |  | — |  |  | (223) |
Total cost of revenue |  | 129,870 |  |  | 59,775 |  |  | — |  |  | 189,645 |
Net revenue |  | 161,102 |  |  | 61,999 |  |  | — |  |  | 223,101 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 103,302 |  |  | 37,749 |  |  | — |  |  | 141,051 |
Administrative expenses |  | — |  |  | — |  |  | 28,386 |  |  | 28,386 |
Depreciation and amortization |  | 5,561 |  |  | 3,602 |  |  | 1,161 |  |  | 10,324 |
Interest expense |  | — |  |  | — |  |  | 6,974 |  |  | 6,974 |
Interest income |  | — |  |  | — |  |  | (525) |  |  | (525) |
Merger and acquisition expenses |  | — |  |  | — |  |  | 134 |  |  | 134 |
Gain on foreign exchange |  | — |  |  | — |  |  | (614) |  |  | (614) |
Write-off of certain Cash America merger related lease intangibles |  | — |  |  | — |  |  | 182 |  |  | 182 |
Total expenses and other income |  | 108,863 |  |  | 41,351 |  |  | 35,698 |  |  | 185,912 |
Income (loss) before income taxes |  | $ | 52,239 |  |  | $ | 20,648 |  |  | $ | (35,698) |  |  | $ | 37,189 |
|  | Six Months Ended June 30, 2021
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 363,211 |  |  | $ | 174,398 |  |  | $ | — |  |  | $ | 537,609 |
Pawn loan fees |  | 143,339 |  |  | 82,092 |  |  | — |  |  | 225,431 |
Wholesale scrap jewelry sales |  | 16,049 |  |  | 18,428 |  |  | — |  |  | 34,477 |
Total revenue |  | 522,599 |  |  | 274,918 |  |  | — |  |  | 797,517 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 202,129 |  |  | 108,448 |  |  | — |  |  | 310,577 |
Cost of wholesale scrap jewelry sold |  | 12,900 |  |  | 16,229 |  |  | — |  |  | 29,129 |
Total cost of revenue |  | 215,029 |  |  | 124,677 |  |  | — |  |  | 339,706 |
Net revenue |  | 307,570 |  |  | 150,241 |  |  | — |  |  | 457,811 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 188,821 |  |  | 87,631 |  |  | — |  |  | 276,452 |
Administrative expenses |  | — |  |  | — |  |  | 58,397 |  |  | 58,397 |
Depreciation and amortization |  | 10,729 |  |  | 8,797 |  |  | 1,988 |  |  | 21,514 |
Interest expense |  | — |  |  | — |  |  | 14,428 |  |  | 14,428 |
Interest income |  | — |  |  | — |  |  | (277) |  |  | (277) |
Merger and acquisition expenses |  | — |  |  | — |  |  | 1,252 |  |  | 1,252 |
Gain on foreign exchange |  | — |  |  | — |  |  | (310) |  |  | (310) |
Write-off of certain Cash America merger related lease intangibles |  | — |  |  | — |  |  | 1,279 |  |  | 1,279 |
Total expenses and other income |  | 199,550 |  |  | 96,428 |  |  | 76,757 |  |  | 372,735 |
Income (loss) before income taxes |  | $ | 108,020 |  |  | $ | 53,813 |  |  | $ | (76,757) |  |  | $ | 85,076 |
|  | Six Months Ended June 30, 2020
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 404,910 |  |  | $ | 179,119 |  |  | $ | — |  |  | $ | 584,029 |
Pawn loan fees |  | 169,757 |  |  | 74,348 |  |  | — |  |  | 244,105 |
Wholesale scrap jewelry sales |  | 25,035 |  |  | 24,121 |  |  | — |  |  | 49,156 |
Consumer loan and credit services fees |  | 1,946 |  |  | — |  |  | — |  |  | 1,946 |
Total revenue |  | 601,648 |  |  | 277,588 |  |  | — |  |  | 879,236 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 241,190 |  |  | 115,016 |  |  | — |  |  | 356,206 |
Cost of wholesale scrap jewelry sold |  | 22,438 |  |  | 18,766 |  |  | — |  |  | 41,204 |
Consumer loan and credit services loss provision |  | (584) |  |  | — |  |  | — |  |  | (584) |
Total cost of revenue |  | 263,044 |  |  | 133,782 |  |  | — |  |  | 396,826 |
Net revenue |  | 338,604 |  |  | 143,806 |  |  | — |  |  | 482,410 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 211,008 |  |  | 83,543 |  |  | — |  |  | 294,551 |
Administrative expenses |  | — |  |  | — |  |  | 61,288 |  |  | 61,288 |
Depreciation and amortization |  | 10,962 |  |  | 7,665 |  |  | 2,371 |  |  | 20,998 |
Interest expense |  | — |  |  | — |  |  | 15,392 |  |  | 15,392 |
Interest income |  | — |  |  | — |  |  | (710) |  |  | (710) |
Merger and acquisition expenses |  | — |  |  | — |  |  | 202 |  |  | 202 |
Loss on foreign exchange |  | — |  |  | — |  |  | 2,071 |  |  | 2,071 |
Write-off of certain Cash America merger related lease intangibles |  | — |  |  | — |  |  | 3,812 |  |  | 3,812 |
Impairment of certain other assets |  | — |  |  | — |  |  | 1,900 |  |  | 1,900 |
Total expenses and other income |  | 221,970 |  |  | 91,208 |  |  | 86,326 |  |  | 399,504 |
Income (loss) before income taxes |  | $ | 116,634 |  |  | $ | 52,598 |  |  | $ | (86,326) |  |  | $ | 82,906 |

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