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Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following tables present reportable segment information for the years ended December 31, 2023, 2022 and 2021 as well as segment earning assets (in thousands):
|  | Year Ended December 31, 2023
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 854,190 |  |  | $ | 533,612 |  |  | $ | — |  |  | $ | (6,530) |  | (1) | $ | 1,381,272 |
Pawn loan fees |  | 435,762 |  |  | 222,774 |  |  | — |  |  | — |  |  | 658,536 |
Leased merchandise income |  | — |  |  | — |  |  | 752,682 |  |  | — |  |  | 752,682 |
Interest and fees on finance receivables |  | — |  |  | — |  |  | 233,818 |  |  | — |  |  | 233,818 |
Wholesale scrap jewelry sales |  | 78,571 |  |  | 46,917 |  |  | — |  |  | — |  |  | 125,488 |
Total revenue |  | 1,368,523 |  |  | 803,303 |  |  | 986,500 |  |  | (6,530) |  |  | 3,151,796 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 490,544 |  |  | 345,309 |  |  | — |  |  | (3,460) |  | (1) | 832,393 |
Depreciation of leased merchandise |  | — |  |  | — |  |  | 413,546 |  |  | (2,091) |  | (1) | 411,455 |
Provision for lease losses |  | — |  |  | — |  |  | 177,418 |  |  | (1,560) |  | (1) | 175,858 |
Provision for loan losses |  | — |  |  | — |  |  | 123,030 |  |  | — |  |  | 123,030 |
Cost of wholesale scrap jewelry sold |  | 64,545 |  |  | 37,276 |  |  | — |  |  | — |  |  | 101,821 |
Total cost of revenue |  | 555,089 |  |  | 382,585 |  |  | 713,994 |  |  | (7,111) |  |  | 1,644,557 |
Net revenue |  | 813,434 |  |  | 420,718 |  |  | 272,506 |  |  | 581 |  |  | 1,507,239 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 451,543 |  |  | 243,146 |  |  | 137,460 |  |  | — |  |  | 832,149 |
Administrative expenses |  | — |  |  | — |  |  | — |  |  | 176,315 |  |  | 176,315 |
Depreciation and amortization |  | 25,585 |  |  | 21,350 |  |  | 3,030 |  |  | 59,196 |  |  | 109,161 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 93,243 |  |  | 93,243 |
Interest income |  | — |  |  | — |  |  | — |  |  | (1,469) |  |  | (1,469) |
Gain on foreign exchange |  | — |  |  | — |  |  | — |  |  | (1,529) |  |  | (1,529) |
Merger and acquisition expenses |  | — |  |  | — |  |  | — |  |  | 7,922 |  |  | 7,922 |
Other expenses (income), net |  | — |  |  | — |  |  | — |  |  | (1,402) |  |  | (1,402) |
Total expenses and other income |  | 477,128 |  |  | 264,496 |  |  | 140,490 |  |  | 332,276 |  |  | 1,214,390 |
Income (loss) before income taxes |  | $ | 336,306 |  |  | $ | 156,222 |  |  | $ | 132,016 |  |  | $ | (331,695) |  |  | $ | 292,849 |
(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.
|  | As of December 31, 2023
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Pawn loans |  | $ | 344,152 |  |  | $ | 127,694 |  |  | $ | — |  |  | $ | — |  |  | $ | 471,846 |
Finance receivables, net |  | — |  |  | — |  |  | 113,901 |  |  | — |  |  | 113,901 |
Inventories |  | 221,843 |  |  | 90,246 |  |  | — |  |  | — |  |  | 312,089 |
Leased merchandise, net |  | — |  |  | — |  |  | 171,706 |  |  | (515) |  | (1) | 171,191 |
Goodwill |  | 1,042,867 |  |  | 198,580 |  |  | 486,205 |  |  | — |  |  | 1,727,652 |
Total assets |  | 2,423,092 |  |  | 693,650 |  |  | 1,011,541 |  |  | 161,632 |  |  | 4,289,915 |
(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.
|  | Year Ended December 31, 2022
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 818,548 |  |  | $ | 447,523 |  |  | $ | — |  |  | $ | (4,935) |  | (1) | $ | 1,261,136 |
Pawn loan fees |  | 373,416 |  |  | 187,974 |  |  | — |  |  | — |  |  | 561,390 |
Leased merchandise income |  | — |  |  | — |  |  | 622,163 |  |  | — |  |  | 622,163 |
Interest and fees on finance receivables |  | — |  |  | — |  |  | 181,280 |  |  | — |  |  | 181,280 |
Wholesale scrap jewelry sales |  | 63,004 |  |  | 39,969 |  |  | — |  |  | — |  |  | 102,973 |
Total revenue |  | 1,254,968 |  |  | 675,466 |  |  | 803,443 |  |  | (4,935) |  |  | 2,728,942 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 478,718 |  |  | 288,449 |  |  | — |  |  | (2,614) |  | (1) | 764,553 |
Depreciation of leased merchandise |  | — |  |  | — |  |  | 354,104 |  |  | (609) |  | (1) | 353,495 |
Provision for lease losses |  | — |  |  | — |  |  | 140,118 |  |  | (616) |  | (1) | 139,502 |
Provision for loan losses |  | — |  |  | — |  |  | 118,502 |  |  | — |  |  | 118,502 |
Cost of wholesale scrap jewelry sold |  | 54,893 |  |  | 33,411 |  |  | — |  |  | — |  |  | 88,304 |
Total cost of revenue |  | 533,611 |  |  | 321,860 |  |  | 612,724 |  |  | (3,839) |  |  | 1,464,356 |
Net revenue (loss) |  | 721,357 |  |  | 353,606 |  |  | 190,719 |  |  | (1,096) |  |  | 1,264,586 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 407,039 |  |  | 193,254 |  |  | 128,616 |  |  | — |  |  | 728,909 |
Administrative expenses |  | — |  |  | — |  |  | — |  |  | 147,943 |  |  | 147,943 |
Depreciation and amortization |  | 23,205 |  |  | 18,325 |  |  | 2,912 |  |  | 59,390 |  |  | 103,832 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 70,708 |  |  | 70,708 |
Interest income |  | — |  |  | — |  |  | — |  |  | (1,313) |  |  | (1,313) |
Gain on foreign exchange |  | — |  |  | — |  |  | — |  |  | (585) |  |  | (585) |
Merger and acquisition expenses |  | — |  |  | — |  |  | — |  |  | 3,739 |  |  | 3,739 |
Gain on revaluation of contingent acquisition consideration |  | — |  |  | — |  |  | — |  |  | (109,549) |  |  | (109,549) |
Other expenses (income), net |  | — |  |  | — |  |  | — |  |  | (2,731) |  |  | (2,731) |
Total expenses and other income |  | 430,244 |  |  | 211,579 |  |  | 131,528 |  |  | 167,602 |  |  | 940,953 |
Income (loss) before income taxes |  | $ | 291,113 |  |  | $ | 142,027 |  |  | $ | 59,191 |  |  | $ | (168,698) |  |  | $ | 323,633 |
(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.
|  | As of December 31, 2022
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Pawn loans |  | $ | 282,089 |  |  | $ | 108,528 |  |  | $ | — |  |  | $ | — |  |  | $ | 390,617 |
Finance receivables, net |  | — |  |  | — |  |  | 103,494 |  |  | — |  |  | 103,494 |
Inventories |  | 202,594 |  |  | 85,745 |  |  | — |  |  | — |  |  | 288,339 |
Leased merchandise, net |  | — |  |  | — |  |  | 154,398 |  |  | (1,096) |  | (1) | 153,302 |
Goodwill |  | 916,048 |  |  | 179,128 |  |  | 486,205 |  |  | — |  |  | 1,581,381 |
Total assets |  | 2,108,157 |  |  | 619,839 |  |  | 1,047,814 |  |  | 129,057 |  |  | 3,904,867 |
(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.
|  | Year Ended December 31, 2021
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 742,374 |  |  | $ | 391,875 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,134,249 |
Pawn loan fees |  | 305,350 |  |  | 170,432 |  |  | — |  |  | — |  |  | 475,782 |
Leased merchandise income |  | — |  |  | — |  |  | 22,720 |  |  | — |  |  | 22,720 |
Interest and fees on finance receivables |  | — |  |  | — |  |  | 9,024 |  |  | — |  |  | 9,024 |
Wholesale scrap jewelry sales |  | 27,163 |  |  | 30,027 |  |  | — |  |  | — |  |  | 57,190 |
Total revenue |  | 1,074,887 |  |  | 592,334 |  |  | 31,744 |  |  | — |  |  | 1,698,965 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 416,039 |  |  | 247,425 |  |  | — |  |  | — |  |  | 663,464 |
Depreciation of leased merchandise |  | — |  |  | — |  |  | 12,826 |  |  | — |  |  | 12,826 |
Provision for lease losses |  | — |  |  | — |  |  | 5,442 |  |  | — |  |  | 5,442 |
Provision for loan losses |  | — |  |  | — |  |  | 48,952 |  |  | — |  |  | 48,952 |
Cost of wholesale scrap jewelry sold |  | 22,886 |  |  | 26,243 |  |  | — |  |  | — |  |  | 49,129 |
Total cost of revenue |  | 438,925 |  |  | 273,668 |  |  | 67,220 |  |  | — |  |  | 779,813 |
Net revenue (loss) |  | 635,962 |  |  | 318,666 |  |  | (35,476) |  |  | — |  |  | 919,152 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 380,895 |  |  | 179,020 |  |  | 4,917 |  |  | — |  |  | 564,832 |
Administrative expenses |  | — |  |  | — |  |  | — |  |  | 111,259 |  |  | 111,259 |
Depreciation and amortization |  | 22,234 |  |  | 17,834 |  |  | 122 |  |  | 5,716 |  |  | 45,906 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 32,386 |  |  | 32,386 |
Interest income |  | — |  |  | — |  |  | — |  |  | (696) |  |  | (696) |
Loss on foreign exchange |  | — |  |  | — |  |  | — |  |  | 436 |  |  | 436 |
Merger and acquisition expenses |  | — |  |  | — |  |  | — |  |  | 15,449 |  |  | 15,449 |
Gain on revaluation of contingent acquisition consideration |  | — |  |  | — |  |  | — |  |  | (17,871) |  |  | (17,871) |
Other expenses (income), net |  | — |  |  | — |  |  | — |  |  | 949 |  |  | 949 |
Total expenses and other income |  | 403,129 |  |  | 196,854 |  |  | 5,039 |  |  | 147,628 |  |  | 752,650 |
Income (loss) before income taxes |  | $ | 232,833 |  |  | $ | 121,812 |  |  | $ | (40,515) |  |  | $ | (147,628) |  |  | $ | 166,502 |
|  | As of December 31, 2021
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Pawn loans |  | $ | 256,311 |  |  | $ | 91,662 |  |  | $ | — |  |  | $ | — |  |  | $ | 347,973 |
Finance receivables, net |  | — |  |  | — |  |  | 181,021 |  |  | — |  |  | 181,021 |
Inventories |  | 197,486 |  |  | 65,825 |  |  | — |  |  | — |  |  | 263,311 |
Leased merchandise, net |  | — |  |  | — |  |  | 143,944 |  |  | — |  |  | 143,944 |
Goodwill |  | 861,793 |  |  | 171,279 |  |  | 503,106 |  |  | — |  |  | 1,536,178 |
Total assets |  | 1,944,487 |  |  | 562,661 |  |  | 1,178,729 |  |  | 150,575 |  |  | 3,836,452 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | The following table shows revenue and long-lived assets (all non-current assets except operating lease right of use asset, goodwill, intangibles, net and deferred tax assets, net) by geographic area (in thousands):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Revenue: |  |  |  |  |  |
U.S. |  | $ | 2,348,493 |  |  | $ | 2,053,476 |  |  | $ | 1,106,631 |
Mexico |  | 762,563 |  |  | 639,199 |  |  | 562,493 |
Other Latin America |  | 40,740 |  |  | 36,267 |  |  | 29,841 |
|  | $ | 3,151,796 |  |  | $ | 2,728,942 |  |  | $ | 1,698,965 |
Long-lived assets: |  |  |  |  |  |
U.S. |  | $ | 529,180 |  |  | $ | 449,201 |  |  | $ | 373,218 |
Mexico |  | 101,649 |  |  | 88,233 |  |  | 84,648 |
Other Latin America |  | 12,137 |  |  | 10,662 |  |  | 13,191 |
|  | $ | 642,966 |  |  | $ | 548,096 |  |  | $ | 471,057 |

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