XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.24.3

Finance Receivables, Net (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Receivables [Abstract] |
Schedule of Finance Receivables, Net | Finance receivables, net, which include retail installment sales agreements and bank-originated loans, consist of the following (in thousands):
| As of September 30, |  | As of December 31,
| 2024 |  | 2023 |  | 2023
Finance receivables, gross | $ | 259,485 |  |  | $ | 224,618 |  |  | $ | 227,474 |
Merchant partner discounts and premiums, net | (20,227) |  |  | (9,730) |  |  | (11,907) |
Unearned origination fees | (6,310) |  |  | (4,897) |  |  | (5,212) |
Finance receivables, amortized cost | 232,948 |  |  | 209,991 |  |  | 210,355 |
Less allowance for loan losses | (109,197) |  |  | (96,684) |  |  | (96,454) |
Finance receivables, net | $ | 123,751 |  |  | $ | 113,307 |  |  | $ | 113,901 |
Schedule of Allowance for Credit Losses | The following table details the changes in the allowance for loan losses (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Balance at beginning of period | $ | 99,961 |  |  | $ | 93,054 |  |  | $ | 96,454 |  |  | $ | 84,833 |
Provision for loan losses | 40,557 |  |  | 33,096 |  |  | 102,091 |  |  | 90,571 |
Charge-offs | (32,969) |  |  | (30,890) |  |  | (95,061) |  |  | (83,281) |
Recoveries | 1,648 |  |  | 1,424 |  |  | 5,713 |  |  | 4,561 |
Balance at end of period | $ | 109,197 |  |  | $ | 96,684 |  |  | $ | 109,197 |  |  | $ | 96,684 |
Schedule of Finance Receivables Credit Quality Indicators | The following is an assessment of the credit quality indicators of the amortized cost of finance receivables as of September 30, 2024 and 2023, by origination year (in thousands):
| Origination Year |  |
| 2024 |  | 2023 |  | 2022 |  | Total
As of September 30, 2024 |  |  |  |  |  |  |
Delinquency: |  |  |  |  |  |  |
1 to 30 days past due | $ | 16,957 |  |  | $ | 4,739 |  |  | $ | 173 |  |  | $ | 21,869 |
31 to 60 days past due | 9,835 |  |  | 3,471 |  |  | 131 |  |  | 13,437 |
61 to 89 days past due (1) | 7,060 |  |  | 3,162 |  |  | 155 |  |  | 10,377 |
Total past due finance receivables | 33,852 |  |  | 11,372 |  |  | 459 |  |  | 45,683 |
Current finance receivables | 152,138 |  |  | 34,253 |  |  | 874 |  |  | 187,265 |
Finance receivables, amortized cost | $ | 185,990 |  |  | $ | 45,625 |  |  | $ | 1,333 |  |  | $ | 232,948 |
| Origination Year |  |
| 2023 |  | 2022 |  | 2021 |  | Total
As of September 30, 2023 |  |  |  |  |  |  |
Delinquency: |  |  |  |  |  |  |
1 to 30 days past due | $ | 18,395 |  |  | $ | 5,014 |  |  | $ | 224 |  |  | $ | 23,633 |
31 to 60 days past due | 9,193 |  |  | 2,865 |  |  | 151 |  |  | 12,209 |
61 to 89 days past due (1) | 7,240 |  |  | 2,858 |  |  | 174 |  |  | 10,272 |
Total past due finance receivables | 34,828 |  |  | 10,737 |  |  | 549 |  |  | 46,114 |
Current finance receivables | 132,635 |  |  | 30,243 |  |  | 999 |  |  | 163,877 |
Finance receivables, amortized cost | $ | 167,463 |  |  | $ | 40,980 |  |  | $ | 1,548 |  |  | $ | 209,991 |
(1)The Company charges off finance receivables when a receivable is 90 days or more contractually past due.
Finance Receivable, Charge-offs to allowance for credit losses | The following table details the gross charge-offs of finance receivables for the nine months ended September 30, 2024 and 2023, by origination year (in thousands):
| Origination Year |  |
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | Total
Finance receivables gross charge-offs: |  |  |  |  |  |  |  |  |
Gross charge-offs during the nine months ended September 30, 2024 | $ | 25,359 |  |  | $ | 63,525 |  |  | $ | 6,177 |  |  | $ | — |  |  | $ | 95,061 |
Gross charge-offs during the nine months ended September 30, 2023 | — |  |  | 24,676 |  |  | 51,150 |  |  | 7,455 |  |  | 83,281 |

X
- Definition Finance Receivable, Charge-offs to allowance for credit losses + References No definition available. + Details
Name: | fcfs_FinanceReceivableChargeOffsToAllowanceForCreditLossesTableTextBlock
Namespace Prefix: | fcfs_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration