XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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 and nine month periods ended September 30, 2021 and 2020 (in thousands):
|  | Three Months Ended September 30, 2021
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 167,257 |  |  | $ | 101,469 |  |  | $ | — |  |  | $ | 268,726 |
Pawn loan fees |  | 76,674 |  |  | 44,691 |  |  | — |  |  | 121,365 |
Wholesale scrap jewelry sales |  | 4,168 |  |  | 5,415 |  |  | — |  |  | 9,583 |
Total revenue |  | 248,099 |  |  | 151,575 |  |  | — |  |  | 399,674 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 93,326 |  |  | 64,731 |  |  | — |  |  | 158,057 |
Cost of wholesale scrap jewelry sold |  | 3,778 |  |  | 4,750 |  |  | — |  |  | 8,528 |
Total cost of revenue |  | 97,104 |  |  | 69,481 |  |  | — |  |  | 166,585 |
Net revenue |  | 150,995 |  |  | 82,094 |  |  | — |  |  | 233,089 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 93,247 |  |  | 45,372 |  |  | — |  |  | 138,619 |
Administrative expenses |  | — |  |  | — |  |  | 30,208 |  |  | 30,208 |
Depreciation and amortization |  | 5,662 |  |  | 4,591 |  |  | 964 |  |  | 11,217 |
Interest expense |  | — |  |  | — |  |  | 7,961 |  |  | 7,961 |
Interest income |  | — |  |  | — |  |  | (143) |  |  | (143) |
Merger and acquisition expenses |  | — |  |  | — |  |  | 12 |  |  | 12 |
Loss on foreign exchange |  | — |  |  | — |  |  | 558 |  |  | 558 |
Write-off of certain Cash America merger related lease intangibles |  | — |  |  | — |  |  | 361 |  |  | 361 |
Total expenses and other income |  | 98,909 |  |  | 49,963 |  |  | 39,921 |  |  | 188,793 |
Income (loss) before income taxes |  | $ | 52,086 |  |  | $ | 32,131 |  |  | $ | (39,921) |  |  | $ | 44,296 |
|  | 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 acquisition expenses |  | — |  |  | — |  |  | 7 |  |  | 7 |
Gain on foreign exchange |  | — |  |  | — |  |  | (432) |  |  | (432) |
Write-off of certain Cash America merger related lease intangibles |  | — |  |  | — |  |  | 837 |  |  | 837 |
Loss on extinguishment of debt |  | — |  |  | — |  |  | 11,737 |  |  | 11,737 |
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 |
|  | Nine Months Ended September 30, 2021
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 530,468 |  |  | $ | 275,867 |  |  | $ | — |  |  | $ | 806,335 |
Pawn loan fees |  | 220,013 |  |  | 126,783 |  |  | — |  |  | 346,796 |
Wholesale scrap jewelry sales |  | 20,217 |  |  | 23,843 |  |  | — |  |  | 44,060 |
Total revenue |  | 770,698 |  |  | 426,493 |  |  | — |  |  | 1,197,191 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 295,455 |  |  | 173,179 |  |  | — |  |  | 468,634 |
Cost of wholesale scrap jewelry sold |  | 16,678 |  |  | 20,979 |  |  | — |  |  | 37,657 |
Total cost of revenue |  | 312,133 |  |  | 194,158 |  |  | — |  |  | 506,291 |
Net revenue |  | 458,565 |  |  | 232,335 |  |  | — |  |  | 690,900 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 282,068 |  |  | 133,003 |  |  | — |  |  | 415,071 |
Administrative expenses |  | — |  |  | — |  |  | 88,605 |  |  | 88,605 |
Depreciation and amortization |  | 16,391 |  |  | 13,388 |  |  | 2,952 |  |  | 32,731 |
Interest expense |  | — |  |  | — |  |  | 22,389 |  |  | 22,389 |
Interest income |  | — |  |  | — |  |  | (420) |  |  | (420) |
Merger and acquisition expenses |  | — |  |  | — |  |  | 1,264 |  |  | 1,264 |
Loss on foreign exchange |  | — |  |  | — |  |  | 248 |  |  | 248 |
Write-off of certain Cash America merger related lease intangibles |  | — |  |  | — |  |  | 1,640 |  |  | 1,640 |
Total expenses and other income |  | 298,459 |  |  | 146,391 |  |  | 116,678 |  |  | 561,528 |
Income (loss) before income taxes |  | $ | 160,106 |  |  | $ | 85,944 |  |  | $ | (116,678) |  |  | $ | 129,372 |
|  | 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 acquisition expenses |  | — |  |  | — |  |  | 209 |  |  | 209 |
Loss on foreign exchange |  | — |  |  | — |  |  | 1,639 |  |  | 1,639 |
Write-off of certain Cash America merger related lease intangibles |  | — |  |  | — |  |  | 4,649 |  |  | 4,649 |
Loss on extinguishment of debt |  | — |  |  | — |  |  | 11,737 |  |  | 11,737 |
Impairment of certain other assets |  | — |  |  | — |  |  | 1,900 |  |  | 1,900 |
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 |

X
- 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=123359005&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=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration