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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Retail merchandise sales $ 335,081 $ 300,899 $ 983,860 $ 901,975
Pawn loan fees 174,560 145,727 480,298 411,613
Leased merchandise income 189,382 158,089 562,625 455,736
Interest and fees on finance receivables 61,413 48,846 174,247 135,039
Wholesale scrap jewelry sales 25,865 18,582 98,632 75,235
Total revenue 786,301 672,143 2,299,662 1,979,598
Cost of revenue:        
Cost of retail merchandise sold 199,719 182,199 590,991 543,722
Depreciation of leased merchandise 103,698 86,519 307,824 262,830
Provision for lease losses 39,736 31,916 141,674 109,771
Provision for loan losses 33,096 31,956 90,571 83,453
Cost of wholesale scrap jewelry sold 21,405 16,261 79,012 64,371
Total cost of revenue 397,654 348,851 1,210,072 1,064,147
Net revenue (loss) 388,647 323,292 1,089,590 915,451
Expenses and other income:        
Operating expenses 211,524 185,547 615,366 539,398
Administrative expenses 45,056 36,951 124,428 110,882
Depreciation and amortization 27,365 25,971 81,526 77,495
Interest expense 24,689 18,282 66,657 50,749
Interest income (328) (206) (1,253) (1,104)
(Gain) loss on foreign exchange (286) 255 (1,905) (198)
Merger and acquisition expenses 3,387 733 3,670 1,712
Gain on revaluation of contingent acquisition consideration 0 (19,800) 0 (82,789)
Other expenses (income), net (384) 164 (260) (2,721)
Total expenses and other income 311,023 247,897 888,229 693,424
Income (loss) before income taxes 77,624 75,395 201,361 222,027
Provision for income taxes 20,480 16,079 51,649 48,598
Net income $ 57,144 $ 59,316 $ 149,712 $ 173,429
Earnings per share:        
Basic (USD per share) $ 1.27 $ 1.26 $ 3.29 $ 3.65
Diluted (USD per share) $ 1.26 $ 1.26 $ 3.27 $ 3.64