XML 60 R48.htm IDEA: XBRL DOCUMENT v3.23.3
Segment Information (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
segment
Sep. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Schedule of Revenues from External Customers [Line Items]          
Number of reportable segments | segment     3    
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)  
Merger and acquisition expenses 3,387 733 3,670 1,712  
(Gain) loss on foreign exchange (286) 255 (1,905) (198)  
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  
Pawn loans 483,785 404,227 483,785 404,227 $ 390,617
Finance receivables, net 113,307 111,945 113,307 111,945 103,494
Inventories 314,382 295,428 314,382 295,428 288,339
Leased merchandise, net 143,169 132,097 143,169 132,097 $ 153,302
Corporate/ Eliminations          
Revenue:          
Retail merchandise sales (1,472) (2,546) (4,935) (2,546)  
Pawn loan fees 0 0 0 0  
Leased merchandise income 0 0 0 0  
Interest and fees on finance receivables 0 0 0 0  
Wholesale scrap jewelry sales 0 0 0 0  
Total revenue (1,472) (2,546) (4,935) (2,546)  
Cost of revenue:          
Cost of retail merchandise sold (767) (1,342) (2,586) (1,342)  
Depreciation of leased merchandise (500) (184) (1,608) (184)  
Provision for lease losses 96 (434) (180) (434)  
Provision for loan losses 0 0 0 0  
Cost of wholesale scrap jewelry sold 0 0 0 0  
Total cost of revenue (1,171) (1,960) (4,374) (1,960)  
Net revenue (loss) (301) (586) (561) (586)  
Expenses and other income:          
Operating expenses 0 0 0 0  
Administrative expenses 45,056 36,951 124,428 110,882  
Depreciation and amortization 14,772 14,824 44,598 44,558  
Interest expense 24,689 18,282 66,657 50,749  
Interest income (328) (206) (1,253) (1,104)  
Merger and acquisition expenses 3,387 733 3,670 1,712  
(Gain) loss on foreign exchange (286) 255 (1,905) (198)  
Gain on revaluation of contingent acquisition consideration   (19,800)   (82,789)  
Other expenses (income), net (384) 164 (260) (2,721)  
Total expenses and other income 86,906 51,203 235,935 121,089  
Income (loss) before income taxes (87,207) (51,789) (236,496) (121,675)  
Pawn loans 0 0 0 0  
Finance receivables, net 0 0 0 0  
Inventories 0 0 0 0  
Leased merchandise, net (1,657) (586) (1,657) (586)  
Operating Segments | UNITED STATES | Retail POS Payment Solutions          
Revenue:          
Retail merchandise sales 0 0 0 0  
Pawn loan fees 0 0 0 0  
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 0 0 0 0  
Total revenue 250,795 206,935 736,872 590,775  
Cost of revenue:          
Cost of retail merchandise sold 0 0 0 0  
Depreciation of leased merchandise 104,198 86,703 309,432 263,014  
Provision for lease losses 39,640 32,350 141,854 110,205  
Provision for loan losses 33,096 31,956 90,571 83,453  
Cost of wholesale scrap jewelry sold 0 0 0 0  
Total cost of revenue 176,934 151,009 541,857 456,672  
Net revenue (loss) 73,861 55,926 195,015 134,103  
Expenses and other income:          
Operating expenses 33,641 35,060 104,280 95,252  
Administrative expenses 0 0 0 0  
Depreciation and amortization 771 775 2,258 2,156  
Interest expense 0 0 0 0  
Interest income 0 0 0 0  
Merger and acquisition expenses 0 0 0 0  
(Gain) loss on foreign exchange 0 0 0 0  
Gain on revaluation of contingent acquisition consideration   0   0  
Other expenses (income), net 0 0 0 0  
Total expenses and other income 34,412 35,835 106,538 97,408  
Income (loss) before income taxes 39,449 20,091 88,477 36,695  
Pawn loans 0 0 0 0  
Finance receivables, net 113,307 111,945 113,307 111,945  
Inventories 0 0 0 0  
Leased merchandise, net 144,826 132,683 144,826 132,683  
Operating Segments | UNITED STATES | Pawn Segment          
Revenue:          
Retail merchandise sales 203,769 195,854 610,493 596,165  
Pawn loan fees 114,022 96,222 315,679 274,304  
Leased merchandise income 0 0 0 0  
Interest and fees on finance receivables 0 0 0 0  
Wholesale scrap jewelry sales 17,140 12,956 61,108 45,153  
Total revenue 334,931 305,032 987,280 915,622  
Cost of revenue:          
Cost of retail merchandise sold 115,670 114,899 349,138 349,007  
Depreciation of leased merchandise 0 0 0 0  
Provision for lease losses 0 0 0 0  
Provision for loan losses 0 0 0 0  
Cost of wholesale scrap jewelry sold 14,297 11,338 49,604 39,150  
Total cost of revenue 129,967 126,237 398,742 388,157  
Net revenue (loss) 204,964 178,795 588,538 527,465  
Expenses and other income:          
Operating expenses 113,976 102,508 331,916 302,572  
Administrative expenses 0 0 0 0  
Depreciation and amortization 6,586 5,806 18,786 17,261  
Interest expense 0 0 0 0  
Interest income 0 0 0 0  
Merger and acquisition expenses 0 0 0 0  
(Gain) loss on foreign exchange 0 0 0 0  
Gain on revaluation of contingent acquisition consideration   0   0  
Other expenses (income), net 0 0 0 0  
Total expenses and other income 120,562 108,314 350,702 319,833  
Income (loss) before income taxes 84,402 70,481 237,836 207,632  
Pawn loans 341,123 279,645 341,123 279,645  
Finance receivables, net 0 0 0 0  
Inventories 217,406 204,359 217,406 204,359  
Leased merchandise, net 0 0 0 0  
Operating Segments | Latin America | Latin America Pawn Segment          
Revenue:          
Retail merchandise sales 132,784 107,591 378,302 308,356  
Pawn loan fees 60,538 49,505 164,619 137,309  
Leased merchandise income 0 0 0 0  
Interest and fees on finance receivables 0 0 0 0  
Wholesale scrap jewelry sales 8,725 5,626 37,524 30,082  
Total revenue 202,047 162,722 580,445 475,747  
Cost of revenue:          
Cost of retail merchandise sold 84,816 68,642 244,439 196,057  
Depreciation of leased merchandise 0 0 0 0  
Provision for lease losses 0 0 0 0  
Provision for loan losses 0 0 0 0  
Cost of wholesale scrap jewelry sold 7,108 4,923 29,408 25,221  
Total cost of revenue 91,924 73,565 273,847 221,278  
Net revenue (loss) 110,123 89,157 306,598 254,469  
Expenses and other income:          
Operating expenses 63,907 47,979 179,170 141,574  
Administrative expenses 0 0 0 0  
Depreciation and amortization 5,236 4,566 15,884 13,520  
Interest expense 0 0 0 0  
Interest income 0 0 0 0  
Merger and acquisition expenses 0 0 0 0  
(Gain) loss on foreign exchange 0 0 0 0  
Gain on revaluation of contingent acquisition consideration   0   0  
Other expenses (income), net 0 0 0 0  
Total expenses and other income 69,143 52,545 195,054 155,094  
Income (loss) before income taxes 40,980 36,612 111,544 99,375  
Pawn loans 142,662 124,582 142,662 124,582  
Finance receivables, net 0 0 0 0  
Inventories 96,976 91,069 96,976 91,069  
Leased merchandise, net $ 0 $ 0 $ 0 $ 0