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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flow from operating activities:    
Net income $ 61,368 $ 47,388
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation of leased merchandise 120,284 101,605
Provision for lease losses 43,010 49,065
Provision for loan losses 30,418 29,285
Share-based compensation expense 4,101 3,375
Depreciation and amortization expense 26,027 27,111
Amortization of debt issuance costs 819 692
Net amortization of premiums, discounts and unearned origination fees on finance receivables (6,859) (3,344)
Impairments and dispositions of certain other assets 461 45
Deferred income taxes, net (2,421) (5,732)
Changes in operating assets and liabilities, net of business combinations:    
Accounts receivable, net 2,491 2,484
Inventories purchased directly from customers, wholesalers or manufacturers 3,912 12,819
Leased merchandise, net (149,888) (146,222)
Prepaid expenses and other assets 1,935 (2,138)
Accounts payable, accrued liabilities and other liabilities (31,722) (20,992)
Income taxes 18,596 15,153
Net cash flow provided by operating activities 122,532 110,594
Cash flow from investing activities:    
Pawn loans, net [1] 25,149 44,358
Finance receivables, net (15,311) (24,540)
Purchases of furniture, fixtures, equipment and improvements (26,427) (13,828)
Purchases of store real property (11,340) (17,483)
Acquisitions of pawn stores, net of cash acquired (1,705) (1,746)
Net cash flow used in investing activities (29,634) (13,239)
Cash flow from financing activities:    
Borrowings from unsecured credit facilities 50,000 73,000
Repayments of unsecured credit facilities (603,000) (104,000)
Issuance of senior unsecured notes 500,000 0
Debt issuance costs paid (9,094) 0
Purchases of treasury stock 0 (67,227)
Payment of withholding taxes on net share settlements of restricted stock unit awards (7,007) (2,463)
Dividends paid (15,833) (15,294)
Net cash flow used in financing activities (84,934) (115,984)
Effect of exchange rates on cash 88 2,094
Change in cash and cash equivalents 8,052 (16,535)
Cash and cash equivalents at beginning of the period 127,018 117,330
Cash and cash equivalents at end of the period $ 135,070 $ 100,795
[1] Includes the funding of new pawn loans net of cash repayments and recovery of principal through the sale of inventories acquired from forfeiture of pawn collateral.