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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following tables present reportable segment information for the three and nine month periods ended September 30, 2024 and 2023 as well as segment earning assets (in thousands):
|  | Three Months Ended September 30, 2024
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 235,037 |  |  | $ | 129,081 |  |  | $ | — |  |  | $ | (977) |  | (1) | $ | 363,141 |
Pawn loan fees |  | 128,393 |  |  | 58,168 |  |  | — |  |  | — |  |  | 186,561 |
Leased merchandise income |  | — |  |  | — |  |  | 188,560 |  |  | — |  |  | 188,560 |
Interest and fees on finance receivables |  | — |  |  | — |  |  | 61,198 |  |  | — |  |  | 61,198 |
Wholesale scrap jewelry sales |  | 26,685 |  |  | 11,176 |  |  | — |  |  | — |  |  | 37,861 |
Total revenue |  | 390,115 |  |  | 198,425 |  |  | 249,758 |  |  | (977) |  |  | 837,321 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 134,966 |  |  | 83,729 |  |  | — |  |  | (517) |  | (1) | 218,178 |
Depreciation of leased merchandise |  | — |  |  | — |  |  | 105,308 |  |  | (380) |  | (1) | 104,928 |
Provision for lease losses |  | — |  |  | — |  |  | 39,268 |  |  | (97) |  | (1) | 39,171 |
Provision for loan losses |  | — |  |  | — |  |  | 40,557 |  |  | — |  |  | 40,557 |
Cost of wholesale scrap jewelry sold |  | 21,393 |  |  | 8,487 |  |  | — |  |  | — |  |  | 29,880 |
Total cost of revenue |  | 156,359 |  |  | 92,216 |  |  | 185,133 |  |  | (994) |  |  | 432,714 |
Net revenue |  | 233,756 |  |  | 106,209 |  |  | 64,625 |  |  | 17 |  |  | 404,607 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 128,104 |  |  | 63,062 |  |  | 33,760 |  |  | — |  |  | 224,926 |
Administrative expenses |  | — |  |  | — |  |  | — |  |  | 40,930 |  |  | 40,930 |
Depreciation and amortization |  | 7,365 |  |  | 4,676 |  |  | 679 |  |  | 13,213 |  |  | 25,933 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 27,424 |  |  | 27,424 |
Interest income |  | — |  |  | — |  |  | — |  |  | (403) |  |  | (403) |
Loss on foreign exchange |  | — |  |  | — |  |  | — |  |  | 882 |  |  | 882 |
Merger and acquisition expenses |  | — |  |  | — |  |  | — |  |  | 225 |  |  | 225 |
Other expenses (income), net |  | — |  |  | — |  |  | — |  |  | (490) |  |  | (490) |
Total expenses and other income |  | 135,469 |  |  | 67,738 |  |  | 34,439 |  |  | 81,781 |  |  | 319,427 |
Income (loss) before income taxes |  | $ | 98,287 |  |  | $ | 38,471 |  |  | $ | 30,186 |  |  | $ | (81,764) |  |  | $ | 85,180 |
(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.
|  | Nine Months Ended September 30, 2024
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 702,120 |  |  | $ | 394,375 |  |  | $ | — |  |  | $ | (3,070) |  | (1) | $ | 1,093,425 |
Pawn loan fees |  | 371,699 |  |  | 175,443 |  |  | — |  |  | — |  |  | 547,142 |
Leased merchandise income |  | — |  |  | — |  |  | 588,801 |  |  | — |  |  | 588,801 |
Interest and fees on finance receivables |  | — |  |  | — |  |  | 175,384 |  |  | — |  |  | 175,384 |
Wholesale scrap jewelry sales |  | 70,722 |  |  | 29,229 |  |  | — |  |  | — |  |  | 99,951 |
Total revenue |  | 1,144,541 |  |  | 599,047 |  |  | 764,185 |  |  | (3,070) |  |  | 2,504,703 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 407,329 |  |  | 254,188 |  |  | — |  |  | (1,663) |  | (1) | 659,854 |
Depreciation of leased merchandise |  | — |  |  | — |  |  | 336,649 |  |  | (1,280) |  | (1) | 335,369 |
Provision for lease losses |  | — |  |  | — |  |  | 130,272 |  |  | (438) |  | (1) | 129,834 |
Provision for loan losses |  | — |  |  | — |  |  | 102,091 |  |  | — |  |  | 102,091 |
Cost of wholesale scrap jewelry sold |  | 57,928 |  |  | 23,783 |  |  | — |  |  | — |  |  | 81,711 |
Total cost of revenue |  | 465,257 |  |  | 277,971 |  |  | 569,012 |  |  | (3,381) |  |  | 1,308,859 |
Net revenue |  | 679,284 |  |  | 321,076 |  |  | 195,173 |  |  | 311 |  |  | 1,195,844 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 372,191 |  |  | 198,389 |  |  | 103,851 |  |  | — |  |  | 674,431 |
Administrative expenses |  | — |  |  | — |  |  | — |  |  | 129,563 |  |  | 129,563 |
Depreciation and amortization |  | 21,609 |  |  | 15,199 |  |  | 2,078 |  |  | 39,621 |  |  | 78,507 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 78,029 |  |  | 78,029 |
Interest income |  | — |  |  | — |  |  | — |  |  | (1,407) |  |  | (1,407) |
Loss on foreign exchange |  | — |  |  | — |  |  | — |  |  | 2,133 |  |  | 2,133 |
Merger and acquisition expenses |  | — |  |  | — |  |  | — |  |  | 2,186 |  |  | 2,186 |
Other expenses (income), net |  | — |  |  | — |  |  | — |  |  | (841) |  |  | (841) |
Total expenses and other income |  | 393,800 |  |  | 213,588 |  |  | 105,929 |  |  | 249,284 |  |  | 962,601 |
Income (loss) before income taxes |  | $ | 285,484 |  |  | $ | 107,488 |  |  | $ | 89,244 |  |  | $ | (248,973) |  |  | $ | 233,243 |
(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 September 30, 2024
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Earning assets: |  |  |  |  |  |  |  |  |  |
Pawn loans |  | $ | 380,962 |  |  | $ | 136,915 |  |  | $ | — |  |  | $ | — |  |  | $ | 517,877 |
Finance receivables, net |  | — |  |  | — |  |  | 123,751 |  |  | — |  |  | 123,751 |
Inventories |  | 238,668 |  |  | 95,726 |  |  | — |  |  | — |  |  | 334,394 |
Leased merchandise, net |  | — |  |  | — |  |  | 137,973 |  |  | (204) |  | (1) | 137,769 |
(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.
|  | Three Months Ended September 30, 2023
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 203,769 |  |  | $ | 132,784 |  |  | $ | — |  |  | $ | (1,472) |  | (1) | $ | 335,081 |
Pawn loan fees |  | 114,022 |  |  | 60,538 |  |  | — |  |  | — |  |  | 174,560 |
Leased merchandise income |  | — |  |  | — |  |  | 189,382 |  |  | — |  |  | 189,382 |
Interest and fees on finance receivables |  | — |  |  | — |  |  | 61,413 |  |  | — |  |  | 61,413 |
Wholesale scrap jewelry sales |  | 17,140 |  |  | 8,725 |  |  | — |  |  | — |  |  | 25,865 |
Total revenue |  | 334,931 |  |  | 202,047 |  |  | 250,795 |  |  | (1,472) |  |  | 786,301 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 115,670 |  |  | 84,816 |  |  | — |  |  | (767) |  | (1) | 199,719 |
Depreciation of leased merchandise |  | — |  |  | — |  |  | 104,198 |  |  | (500) |  | (1) | 103,698 |
Provision for lease losses |  | — |  |  | — |  |  | 39,640 |  |  | 96 |  | (1) | 39,736 |
Provision for loan losses |  | — |  |  | — |  |  | 33,096 |  |  | — |  |  | 33,096 |
Cost of wholesale scrap jewelry sold |  | 14,297 |  |  | 7,108 |  |  | — |  |  | — |  |  | 21,405 |
Total cost of revenue |  | 129,967 |  |  | 91,924 |  |  | 176,934 |  |  | (1,171) |  |  | 397,654 |
Net revenue (loss) |  | 204,964 |  |  | 110,123 |  |  | 73,861 |  |  | (301) |  |  | 388,647 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 113,976 |  |  | 63,907 |  |  | 33,641 |  |  | — |  |  | 211,524 |
Administrative expenses |  | — |  |  | — |  |  | — |  |  | 45,056 |  |  | 45,056 |
Depreciation and amortization |  | 6,586 |  |  | 5,236 |  |  | 771 |  |  | 14,772 |  |  | 27,365 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 24,689 |  |  | 24,689 |
Interest income |  | — |  |  | — |  |  | — |  |  | (328) |  |  | (328) |
Gain on foreign exchange |  | — |  |  | — |  |  | — |  |  | (286) |  |  | (286) |
Merger and acquisition expenses |  | — |  |  | — |  |  | — |  |  | 3,387 |  |  | 3,387 |
Other expenses (income), net |  | — |  |  | — |  |  | — |  |  | (384) |  |  | (384) |
Total expenses and other income |  | 120,562 |  |  | 69,143 |  |  | 34,412 |  |  | 86,906 |  |  | 311,023 |
Income (loss) before income taxes |  | $ | 84,402 |  |  | $ | 40,980 |  |  | $ | 39,449 |  |  | $ | (87,207) |  |  | $ | 77,624 |
(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.
|  | Nine Months Ended September 30, 2023
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 610,493 |  |  | $ | 378,302 |  |  | $ | — |  |  | $ | (4,935) |  | (1) | $ | 983,860 |
Pawn loan fees |  | 315,679 |  |  | 164,619 |  |  | — |  |  | — |  |  | 480,298 |
Leased merchandise income |  | — |  |  | — |  |  | 562,625 |  |  | — |  |  | 562,625 |
Interest and fees on finance receivables |  | — |  |  | — |  |  | 174,247 |  |  | — |  |  | 174,247 |
Wholesale scrap jewelry sales |  | 61,108 |  |  | 37,524 |  |  | — |  |  | — |  |  | 98,632 |
Total revenue |  | 987,280 |  |  | 580,445 |  |  | 736,872 |  |  | (4,935) |  |  | 2,299,662 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 349,138 |  |  | 244,439 |  |  | — |  |  | (2,586) |  | (1) | 590,991 |
Depreciation of leased merchandise |  | — |  |  | — |  |  | 309,432 |  |  | (1,608) |  | (1) | 307,824 |
Provision for lease losses |  | — |  |  | — |  |  | 141,854 |  |  | (180) |  | (1) | 141,674 |
Provision for loan losses |  | — |  |  | — |  |  | 90,571 |  |  | — |  |  | 90,571 |
Cost of wholesale scrap jewelry sold |  | 49,604 |  |  | 29,408 |  |  | — |  |  | — |  |  | 79,012 |
Total cost of revenue |  | 398,742 |  |  | 273,847 |  |  | 541,857 |  |  | (4,374) |  |  | 1,210,072 |
Net revenue (loss) |  | 588,538 |  |  | 306,598 |  |  | 195,015 |  |  | (561) |  |  | 1,089,590 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 331,916 |  |  | 179,170 |  |  | 104,280 |  |  | — |  |  | 615,366 |
Administrative expenses |  | — |  |  | — |  |  | — |  |  | 124,428 |  |  | 124,428 |
Depreciation and amortization |  | 18,786 |  |  | 15,884 |  |  | 2,258 |  |  | 44,598 |  |  | 81,526 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 66,657 |  |  | 66,657 |
Interest income |  | — |  |  | — |  |  | — |  |  | (1,253) |  |  | (1,253) |
Gain on foreign exchange |  | — |  |  | — |  |  | — |  |  | (1,905) |  |  | (1,905) |
Merger and acquisition expenses |  | — |  |  | — |  |  | — |  |  | 3,670 |  |  | 3,670 |
Other expenses (income), net |  | — |  |  | — |  |  | — |  |  | (260) |  |  | (260) |
Total expenses and other income |  | 350,702 |  |  | 195,054 |  |  | 106,538 |  |  | 235,935 |  |  | 888,229 |
Income (loss) before income taxes |  | $ | 237,836 |  |  | $ | 111,544 |  |  | $ | 88,477 |  |  | $ | (236,496) |  |  | $ | 201,361 |
(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 September 30, 2023
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Earning assets: |  |  |  |  |  |  |  |  |  |
Pawn loans |  | $ | 341,123 |  | $ | 142,662 |  | $ | — |  | $ | — |  | $ | 483,785
Finance receivables, net |  | — |  | — |  | 113,307 |  | — |  | 113,307
Inventories |  | 217,406 |  | 96,976 |  | — |  | — |  | 314,382
Leased merchandise, net |  | — |  | — |  | 144,826 |  | (1,657) | (1) | 143,169
(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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