XML 53 R29.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Fair Value of Financial Instruments Fair Value, Assets Measured on Recurring Basis (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | he Company did not have any financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023. The Company’s financial assets and liabilities as of December 31, 2022 that are measured at fair value on a recurring basis are as follows (in thousands):
|  | Estimated Fair Value
|  | Fair Value Measurements Using
|  | Level 1 |  | Level 2 |  | Level 3
Financial liabilities: |  |  |  |  |  |
Contingent consideration as of December 31, 2022 (1) |  | $ | — |  |  | $ | — |  |  | $ | — |
(1)Under the AFF purchase agreement, the seller parties had the right to receive up to $50.0 million of additional consideration if AFF achieved certain adjusted EBITDA targets for the first half of 2023. AFF did not achieve the threshold adjusted EBITDA target for the first half of 2023 and, therefore, the $50.0 million of additional consideration was not earned by the seller parties. As of June 30, 2023, there was no remaining contingent consideration available to the seller parties. The Company estimated the preliminary fair value of the AFF Acquisition contingent consideration to be $127.4 million, as of the AFF Acquisition date. The Company revalued the contingent consideration to fair value at the end of each reporting period. The estimate of the fair value of contingent consideration is determined by applying a Monte Carlo simulation, which includes inputs not observable in the market, such as the risk-free rate, risk-adjusted discount rate, the volatility of the underlying financial metrics and projected financial forecast of AFF over the earn-out period, and therefore represents a Level 3 measurement. Significant increases or decreases in these inputs could result in a significantly lower or higher fair value measurement of the contingent consideration.
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 year ended December 31, 2023 and 2022 is as follows (in thousands):
| Year Ended December 31,
| 2023 |  | 2022
Contingent consideration at beginning of period | $ | — |  |  | $ | 109,549 |
Change in fair value (1) | — |  |  | (109,549) |
Contingent consideration at end of period | $ | — |  |  | $ | — |
(1)The Company recognized a gain of $109.5 million during the year ended December 31, 2022 as a result of the change in fair value of the contingent consideration, which is included in gain on revaluation of contingent acquisition consideration in the accompanying consolidated statements of income.
Fair Value, by Balance Sheet Grouping | The Company’s financial assets and liabilities as of December 31, 2023 and 2022 that are not measured at fair value in the consolidated balance sheets are as follows (in thousands):
|  | Carrying Value |  | Estimated Fair Value
|  | December 31, |  | December 31, |  | Fair Value Measurements Using
|  | 2023 |  | 2023 |  | Level 1 |  | Level 2 |  | Level 3
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 127,018 |  |  | $ | 127,018 |  |  | $ | 127,018 |  |  | $ | — |  |  | $ | — |
Accounts receivable, net |  | 71,922 |  |  | 71,922 |  |  | — |  |  | — |  |  | 71,922 |
Pawn loans |  | 471,846 |  |  | 471,846 |  |  | — |  |  | — |  |  | 471,846 |
Finance receivables, net (1) |  | 113,901 |  |  | 227,732 |  |  | — |  |  | — |  |  | 227,732 |
|  | $ | 784,687 |  |  | $ | 898,518 |  |  | $ | 127,018 |  |  | $ | — |  |  | $ | 771,500 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Revolving unsecured credit facilities |  | $ | 568,000 |  |  | $ | 568,000 |  |  | $ | — |  |  | $ | 568,000 |  |  | $ | — |
Senior unsecured notes (outstanding principal) |  | 1,050,000 |  |  | 987,000 |  |  | — |  |  | 987,000 |  |  | — |
|  | $ | 1,618,000 |  |  | $ | 1,555,000 |  |  | $ | — |  |  | $ | 1,555,000 |  |  | $ | — |
(1)Finance receivables, gross as of December 31, 2023 was $227.5 million. See Note 7.
|  | Carrying Value |  | Estimated Fair Value
|  | December 31, |  | December 31, |  | Fair Value Measurements Using
|  | 2022 |  | 2022 |  | Level 1 |  | Level 2 |  | Level 3
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 117,330 |  |  | $ | 117,330 |  |  | $ | 117,330 |  |  | $ | — |  |  | $ | — |
Accounts receivable, net |  | 57,792 |  |  | 57,792 |  |  | — |  |  | — |  |  | 57,792 |
Pawn loans |  | 390,617 |  |  | 390,617 |  |  | — |  |  | — |  |  | 390,617 |
Finance receivables, net (1) |  | 103,494 |  |  | 201,895 |  |  | — |  |  | — |  |  | 201,895 |
|  | $ | 669,233 |  |  | $ | 767,634 |  |  | $ | 117,330 |  |  | $ | — |  |  | $ | 650,304 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Revolving unsecured credit facilities |  | $ | 339,000 |  |  | $ | 339,000 |  |  | $ | — |  |  | $ | 339,000 |  |  | $ | — |
Senior unsecured notes (outstanding principal) |  | 1,050,000 |  |  | 932,000 |  |  | — |  |  | 932,000 |  |  | — |
|  | $ | 1,389,000 |  |  | $ | 1,271,000 |  |  | $ | — |  |  | $ | 1,271,000 |  |  | $ | — |
(1)Finance receivables, gross as of December 31, 2022 was $196.0 million. See Note 7.

X
- Definition Schedule of Fair Value, Changes in Assets and Liabilities Measured on Recurring Basis Level 3 Fair Value Measurement + References No definition available. + Details
Name: | fcfs_ScheduleOfFairValueChangesInAssetsAndLiabilitiesMeasuredOnRecurringBasisLevel3FairValueMeasurementTableTextBlock
Namespace Prefix: | fcfs_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration