XML 28 R17.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Information
6 Months Ended
Jun. 30, 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, loss (gain) on foreign exchange, merger and acquisition expenses, gain on revaluation of contingent acquisition consideration, and other expenses (income), net, 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 and six month periods ended June 30, 2022 and 2021 (in thousands):

Three Months Ended June 30, 2022
 U.S.
Pawn
Latin America
Pawn
Retail POS
Payment
Solutions
CorporateConsolidated
Revenue:   
Retail merchandise sales$195,369 $102,888 $— $— $298,257 
Pawn loan fees87,743 46,324 — — 134,067 
Leased merchandise income— — 147,700 — 147,700 
Interest and fees on finance receivables— — 43,744 — 43,744 
Wholesale scrap jewelry sales15,673 8,175 — — 23,848 
Total revenue298,785 157,387 191,444 — 647,616 
Cost of revenue:    
Cost of retail merchandise sold114,390 64,919 — — 179,309 
Depreciation of leased merchandise— — 82,605 — 82,605 
Provision for lease losses— — 38,035 — 38,035 
Provision for loan losses— — 26,800 — 26,800 
Cost of wholesale scrap jewelry sold13,282 6,613 — — 19,895 
Total cost of revenue127,672 71,532 147,440 — 346,644 
Net revenue171,113 85,855 44,004 — 300,972 
Expenses and other income:    
Operating expenses101,242 48,053 31,260 — 180,555 
Administrative expenses— — — 37,068 37,068 
Depreciation and amortization5,868 4,553 699 14,862 25,982 
Interest expense— — — 16,246 16,246 
Interest income— — — (222)(222)
Loss on foreign exchange— — — 27 27 
Merger and acquisition expenses— — — 314 314 
Gain on revaluation of contingent acquisition consideration— — — (65,559)(65,559)
Other expenses (income), net— — — (3,062)(3,062)
Total expenses and other income107,110 52,606 31,959 (326)191,349 
Income before income taxes$64,003 $33,249 $12,045 $326 $109,623 
Three Months Ended June 30, 2021
 U.S.
Pawn
Latin America
Pawn
CorporateConsolidated
Revenue:   
Retail merchandise sales$173,254 $92,313 $— $265,567 
Pawn loan fees66,942 42,967 — 109,909 
Wholesale scrap jewelry sales6,846 7,256 — 14,102 
Total revenue247,042 142,536 — 389,578 
Cost of revenue:    
Cost of retail merchandise sold95,599 57,825 — 153,424 
Cost of wholesale scrap jewelry sold5,387 6,545 — 11,932 
Total cost of revenue100,986 64,370 — 165,356 
Net revenue146,056 78,166 — 224,222 
Expenses and other income:    
Operating expenses93,574 45,554 — 139,128 
Administrative expenses— — 27,398 27,398 
Depreciation and amortization5,347 4,534 1,021 10,902 
Interest expense— — 7,198 7,198 
Interest income— — (119)(119)
Gain on foreign exchange— — (577)(577)
Merger and acquisition expenses— — 1,086 1,086 
Other expenses (income), net— — 401 401 
Total expenses and other income98,921 50,088 36,408 185,417 
Income (loss) before income taxes$47,135 $28,078 $(36,408)$38,805 
Six Months Ended June 30, 2022
U.S.
Pawn
Latin America
Pawn
Retail POS
Payment
Solutions
CorporateConsolidated
Revenue:   
Retail merchandise sales$400,311 $200,765 $— $— $601,076 
Pawn loan fees178,082 87,804 — — 265,886 
Leased merchandise income— — 297,647 — 297,647 
Interest and fees on finance receivables— — 86,193 — 86,193 
Wholesale scrap jewelry sales32,197 24,456 — — 56,653 
Total revenue610,590 313,025 383,840 — 1,307,455 
Cost of revenue:    
Cost of retail merchandise sold234,108 127,415 — — 361,523 
Depreciation of leased merchandise— — 176,311 — 176,311 
Provision for lease losses— — 77,855 — 77,855 
Provision for loan losses— — 51,497 — 51,497 
Cost of wholesale scrap jewelry sold27,812 20,298 — — 48,110 
Total cost of revenue261,920 147,713 305,663 — 715,296 
Net revenue348,670 165,312 78,177 — 592,159 
Expenses and other income:    
Operating expenses200,064 93,595 60,192 — 353,851 
Administrative expenses— — — 73,931 73,931 
Depreciation and amortization11,455 8,954 1,381 29,734 51,524 
Interest expense— — — 32,467 32,467 
Interest income— — — (898)(898)
Gain on foreign exchange— — — (453)(453)
Merger and acquisition expenses— — — 979 979 
Gain on revaluation of contingent acquisition consideration— — — (62,989)(62,989)
Other expenses (income), net— — — (2,885)(2,885)
Total expenses and other income211,519 102,549 61,573 69,886 445,527 
Income (loss) before income taxes$137,151 $62,763 $16,604 $(69,886)$146,632 
Six Months Ended June 30, 2021
U.S.
Pawn
Latin America
Pawn
CorporateConsolidated
Revenue:   
Retail merchandise sales$363,211 $174,398 $— $537,609 
Pawn loan fees143,339 82,092 — 225,431 
Wholesale scrap jewelry sales16,049 18,428 — 34,477 
Total revenue522,599 274,918 — 797,517 
Cost of revenue:    
Cost of retail merchandise sold202,129 108,448 — 310,577 
Cost of wholesale scrap jewelry sold12,900 16,229 — 29,129 
Total cost of revenue215,029 124,677 — 339,706 
Net revenue307,570 150,241 — 457,811 
Expenses and other income:    
Operating expenses188,821 87,631 — 276,452 
Administrative expenses— — 58,397 58,397 
Depreciation and amortization10,729 8,797 1,988 21,514 
Interest expense— — 14,428 14,428 
Interest income— — (277)(277)
Gain on foreign exchange— — (310)(310)
Merger and acquisition expenses— — 1,252 1,252 
Other expenses (income), net— — 1,279 1,279 
Total expenses and other income199,550 96,428 76,757 372,735 
Income (loss) before income taxes$108,020 $53,813 $(76,757)$85,076