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Segment Information | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company organizes its operations into three reportable segments as follows: •U.S. pawn •Latin America pawn •Retail POS payment solutions (AFF) Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, (gain) loss on foreign exchange, merger and acquisition expenses, loss on revaluation of contingent acquisition consideration, and impairment and dispositions of certain other assets, are presented on a consolidated basis and are not allocated between the U.S. pawn segment, Latin America pawn segment or retail POS payment solutions segment. The following tables present reportable segment information for the three-month periods ended March 31, 2022 and 2021 (in thousands):
|  | Three Months Ended March 31, 2022
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 204,942 |  |  | $ | 97,877 |  |  | $ | — |  |  | $ | — |  |  | $ | 302,819 |
Pawn loan fees |  | 90,339 |  |  | 41,480 |  |  | — |  |  | — |  |  | 131,819 |
Leased merchandise income |  | — |  |  | — |  |  | 149,947 |  |  | — |  |  | 149,947 |
Interest and fees on finance receivables |  | — |  |  | — |  |  | 42,449 |  |  | — |  |  | 42,449 |
Wholesale scrap jewelry sales |  | 16,524 |  |  | 16,281 |  |  | — |  |  | — |  |  | 32,805 |
Total revenue |  | 311,805 |  |  | 155,638 |  |  | 192,396 |  |  | — |  |  | 659,839 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 119,718 |  |  | 62,496 |  |  | — |  |  | — |  |  | 182,214 |
Depreciation of leased merchandise |  | — |  |  | — |  |  | 93,706 |  |  | — |  |  | 93,706 |
Provision for lease losses |  | — |  |  | — |  |  | 39,820 |  |  | — |  |  | 39,820 |
Provision for loan losses |  | — |  |  | — |  |  | 24,697 |  |  | — |  |  | 24,697 |
Cost of wholesale scrap jewelry sold |  | 14,530 |  |  | 13,685 |  |  | — |  |  | — |  |  | 28,215 |
Total cost of revenue |  | 134,248 |  |  | 76,181 |  |  | 158,223 |  |  | — |  |  | 368,652 |
Net revenue |  | 177,557 |  |  | 79,457 |  |  | 34,173 |  |  | — |  |  | 291,187 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 98,822 |  |  | 45,542 |  |  | 28,932 |  |  | — |  |  | 173,296 |
Administrative expenses |  | — |  |  | — |  |  | — |  |  | 36,863 |  |  | 36,863 |
Depreciation and amortization |  | 5,587 |  |  | 4,401 |  |  | 682 |  |  | 14,872 |  |  | 25,542 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 16,221 |  |  | 16,221 |
Interest income |  | — |  |  | — |  |  | — |  |  | (676) |  |  | (676) |
Gain on foreign exchange |  | — |  |  | — |  |  | — |  |  | (480) |  |  | (480) |
Merger and acquisition expenses |  | — |  |  | — |  |  | — |  |  | 665 |  |  | 665 |
Loss on revaluation of contingent acquisition consideration |  | — |  |  | — |  |  | — |  |  | 2,570 |  |  | 2,570 |
Impairments and dispositions of certain other assets |  | — |  |  | — |  |  | — |  |  | 177 |  |  | 177 |
Total expenses and other income |  | 104,409 |  |  | 49,943 |  |  | 29,614 |  |  | 70,212 |  |  | 254,178 |
Income (loss) before income taxes |  | $ | 73,148 |  |  | $ | 29,514 |  |  | $ | 4,559 |  |  | $ | (70,212) |  |  | $ | 37,009 |
|  | Three Months Ended March 31, 2021
|  | U.S. Pawn |  | Latin America Pawn |  |  |  | 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: |  |  |  |  |  |  |  |  |  |
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) |
Loss on foreign exchange |  | — |  |  | — |  |  |  |  | 267 |  |  | 267 |
Merger and acquisition expenses |  | — |  |  | — |  |  |  |  | 166 |  |  | 166 |
Impairments and dispositions of certain other assets |  | — |  |  | — |  |  |  |  | 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 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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