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Fair Value of Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The Company’s financial assets and liabilities as of September 30, 2022 and December 31, 2021 that are measured at fair value on a recurring basis are as follows (in thousands):
|  | Estimated Fair Value
|  | September 30, |  | Fair Value Measurements Using
|  | 2022 |  | Level 1 |  | Level 2 |  | Level 3
Financial liabilities: |  |  |  |  |  |  |  |
Contingent AFF acquisition consideration (1) |  | $ | 26,760 |  |  | $ | — |  |  | $ | — |  |  | $ | 26,760 |
(1)The contingent consideration related to the AFF Acquisition is included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets.
|  | Estimated Fair Value
|  | December 31, |  | Fair Value Measurements Using
|  | 2021 |  | Level 1 |  | Level 2 |  | Level 3
Financial liabilities: |  |  |  |  |  |  |  |
Contingent AFF acquisition consideration (1) |  | $ | 109,549 |  |  | $ | — |  |  | $ | — |  |  | $ | 109,549 |
(1)The current portion of $95.6 million is included in accounts payable and accrued liabilities and the non-current portion of $14.0 million is included in other liabilities in the accompanying consolidated balance sheets.
Schedule of Fair Value, Changes in Assets and Liabilities Measured on Recurring Basis Level 3 Fair Value Measurement | The changes in financial assets and liabilities that are measured and recorded at fair value on a recurring basis using Level 3 fair value measurements for the three and nine months ended September 30, 2022 are as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, 2022 |  | September 30, 2022
Contingent AFF acquisition consideration at beginning of the period | $ | 46,560 |  |  | $ | 109,549 |
Change in fair value (1) | (19,800) |  |  | (82,789) |
Contingent AFF acquisition consideration at end of the period | $ | 26,760 |  |  | $ | 26,760 |
(1)The Company recognized a gain of $19.8 million and $82.8 million during the three and nine months ended September 30, 2022, respectively, as a result of the change in fair value of the contingent consideration related to the AFF Acquisition, which is included in gain on revaluation of contingent acquisition consideration in the accompanying consolidated statements of income.
Schedule of Fair Value by Balance Sheet Grouping | The Company’s financial assets and liabilities as of September 30, 2022, September 30, 2021 and December 31, 2021 that are not measured at fair value in the consolidated balance sheets are as follows (in thousands):
|  | Carrying Value |  | Estimated Fair Value
|  | September 30, |  | September 30, |  | Fair Value Measurements Using
|  | 2022 |  | 2022 |  | Level 1 |  | Level 2 |  | Level 3
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 100,620 |  |  | $ | 100,620 |  |  | $ | 100,620 |  |  | $ | — |  |  | $ | — |
Accounts receivable, net |  | 58,435 |  |  | 58,435 |  |  | — |  |  | — |  |  | 58,435 |
Pawn loans |  | 404,227 |  |  | 404,227 |  |  | — |  |  | — |  |  | 404,227 |
Finance receivables, net (1) |  | 111,945 |  |  | 193,750 |  |  | — |  |  | — |  |  | 193,750 |
|  | $ | 675,227 |  |  | $ | 757,032 |  |  | $ | 100,620 |  |  | $ | — |  |  | $ | 656,412 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Revolving unsecured credit facilities |  | $ | 338,000 |  |  | $ | 338,000 |  |  | $ | — |  |  | $ | 338,000 |  |  | $ | — |
Senior unsecured notes (outstanding principal) |  | 1,050,000 |  |  | 887,000 |  |  | — |  |  | 887,000 |  |  | — |
|  | $ | 1,388,000 |  |  | $ | 1,225,000 |  |  | $ | — |  |  | $ | 1,225,000 |  |  | $ | — |
(1)Finance receivables, gross as of September 30, 2022 was $188.9 million. See Note 6.
|  | Carrying Value |  | Estimated Fair Value
|  | September 30, |  | September 30, |  | Fair Value Measurements Using
|  | 2021 |  | 2021 |  | Level 1 |  | Level 2 |  | Level 3
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 49,907 |  |  | $ | 49,907 |  |  | $ | 49,907 |  |  | $ | — |  |  | $ | — |
Accounts receivable, net |  | 43,492 |  |  | 43,492 |  |  | — |  |  | — |  |  | 43,492 |
Pawn loans |  | 348,993 |  |  | 348,993 |  |  | — |  |  | — |  |  | 348,993 |
|  | $ | 442,392 |  |  | $ | 442,392 |  |  | $ | 49,907 |  |  | $ | — |  |  | $ | 392,485 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Revolving unsecured credit facilities |  | $ | 246,000 |  |  | $ | 246,000 |  |  | $ | — |  |  | $ | 246,000 |  |  | $ | — |
Senior unsecured notes (outstanding principal) |  | 500,000 |  |  | 516,000 |  |  | — |  |  | 516,000 |  |  | — |
|  | $ | 746,000 |  |  | $ | 762,000 |  |  | $ | — |  |  | $ | 762,000 |  |  | $ | — |
|  | Carrying Value |  | Estimated Fair Value
|  | December 31, |  | December 31, |  | Fair Value Measurements Using
|  | 2021 |  | 2021 |  | Level 1 |  | Level 2 |  | Level 3
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 120,046 |  |  | $ | 120,046 |  |  | $ | 120,046 |  |  | $ | — |  |  | $ | — |
Accounts receivable, net |  | 55,356 |  |  | 55,356 |  |  | — |  |  | — |  |  | 55,356 |
Pawn loans |  | 347,973 |  |  | 347,973 |  |  | — |  |  | — |  |  | 347,973 |
Finance receivables, net (1) |  | 181,021 |  |  | 233,000 |  |  | — |  |  | — |  |  | 233,000 |
|  | $ | 704,396 |  |  | $ | 756,375 |  |  | $ | 120,046 |  |  | $ | — |  |  | $ | 636,329 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Revolving unsecured credit facilities |  | $ | 259,000 |  |  | $ | 259,000 |  |  | $ | — |  |  | $ | 259,000 |  |  | $ | — |
Senior unsecured notes (outstanding principal) |  | 1,050,000 |  |  | 1,058,000 |  |  | — |  |  | 1,058,000 |  |  | — |
|  | $ | 1,309,000 |  |  | $ | 1,317,000 |  |  | $ | — |  |  | $ | 1,317,000 |  |  | $ | — |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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