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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following tables present reportable segment information for the three month period ended March 31, 2025 and 2024 as well as certain segment assets (in thousands):
|  | Three Months Ended March 31, 2025
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 251,225 |  |  | $ | 120,532 |  |  | $ | — |  |  | $ | (701) |  | (1) | $ | 371,056 |
Pawn loan fees |  | 137,948 |  |  | 53,923 |  |  | — |  |  | — |  |  | 191,871 |
Leased merchandise income |  | — |  |  | — |  |  | 156,918 |  |  | — |  |  | 156,918 |
Interest and fees on finance receivables |  | — |  |  | — |  |  | 73,413 |  |  | — |  |  | 73,413 |
Wholesale scrap jewelry sales |  | 33,492 |  |  | 9,673 |  |  | — |  |  | — |  |  | 43,165 |
Total revenue |  | 422,665 |  |  | 184,128 |  |  | 230,331 |  |  | (701) |  |  | 836,423 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 145,758 |  |  | 78,739 |  |  | — |  |  | (373) |  | (1) | 224,124 |
Depreciation of leased merchandise |  | — |  |  | — |  |  | 89,143 |  |  | (324) |  | (1) | 88,819 |
Provision for lease losses |  | — |  |  | — |  |  | 27,604 |  |  | (42) |  | (1) | 27,562 |
Provision for loan losses |  | — |  |  | — |  |  | 36,360 |  |  | — |  |  | 36,360 |
Cost of wholesale scrap jewelry sold |  | 27,224 |  |  | 8,131 |  |  | — |  |  | — |  |  | 35,355 |
Total cost of revenue |  | 172,982 |  |  | 86,870 |  |  | 153,107 |  |  | (739) |  |  | 412,220 |
Net revenue |  | 249,683 |  |  | 97,258 |  |  | 77,224 |  |  | 38 |  |  | 424,203 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 128,951 |  |  | 61,417 |  |  | 24,218 |  |  | — |  |  | 214,586 |
Administrative expenses |  | — |  |  | — |  |  | — |  |  | 48,523 |  |  | 48,523 |
Depreciation and amortization |  | 7,600 |  |  | 4,436 |  |  | 705 |  |  | 12,761 |  |  | 25,502 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 27,471 |  |  | 27,471 |
Interest income |  | — |  |  | — |  |  | — |  |  | (1,229) |  |  | (1,229) |
Gain on foreign exchange |  | — |  |  | — |  |  | — |  |  | (14) |  |  | (14) |
Merger and acquisition expenses |  | — |  |  | — |  |  | — |  |  | 462 |  |  | 462 |
Other income, net |  | — |  |  | — |  |  | — |  |  | (2,315) |  |  | (2,315) |
Total expenses and other income |  | 136,551 |  |  | 65,853 |  |  | 24,923 |  |  | 85,659 |  |  | 312,986 |
Income (loss) before income taxes |  | $ | 113,132 |  |  | $ | 31,405 |  |  | $ | 52,301 |  |  | $ | (85,621) |  |  | $ | 111,217 |
(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 March 31, 2025
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Pawn loans |  | $ | 365,972 |  |  | $ | 133,738 |  |  | $ | — |  |  | $ | — |  |  | $ | 499,710 |
Finance receivables, net |  | — |  |  | — |  |  | 145,079 |  |  | — |  |  | 145,079 |
Inventories |  | 246,237 |  |  | 88,463 |  |  | — |  |  | — |  |  | 334,700 |
Leased merchandise, net |  | — |  |  | — |  |  | 103,809 |  |  | (197) |  | (1) | 103,612 |
Goodwill |  | 1,153,513 |  |  | 175,421 |  |  | 486,205 |  |  | — |  |  | 1,815,139 |
Total assets |  | 2,681,376 |  |  | 659,716 |  |  | 911,261 |  |  | 173,924 |  |  | 4,426,277 |
(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 March 31, 2024
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 236,990 |  |  | $ | 130,849 |  |  | $ | — |  |  | $ | (1,018) |  | (1) | $ | 366,821 |
Pawn loan fees |  | 122,974 |  |  | 56,561 |  |  | — |  |  | — |  |  | 179,535 |
Leased merchandise income |  | — |  |  | — |  |  | 205,671 |  |  | — |  |  | 205,671 |
Interest and fees on finance receivables |  | — |  |  | — |  |  | 57,387 |  |  | — |  |  | 57,387 |
Wholesale scrap jewelry sales |  | 17,726 |  |  | 9,230 |  |  | — |  |  | — |  |  | 26,956 |
Total revenue |  | 377,690 |  |  | 196,640 |  |  | 263,058 |  |  | (1,018) |  |  | 836,370 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 139,914 |  |  | 84,183 |  |  | — |  |  | (568) |  | (1) | 223,529 |
Depreciation of leased merchandise |  | — |  |  | — |  |  | 120,774 |  |  | (490) |  | (1) | 120,284 |
Provision for lease losses |  | — |  |  | — |  |  | 43,180 |  |  | (170) |  | (1) | 43,010 |
Provision for loan losses |  | — |  |  | — |  |  | 30,418 |  |  | — |  |  | 30,418 |
Cost of wholesale scrap jewelry sold |  | 15,266 |  |  | 8,023 |  |  | — |  |  | — |  |  | 23,289 |
Total cost of revenue |  | 155,180 |  |  | 92,206 |  |  | 194,372 |  |  | (1,228) |  |  | 440,530 |
Net revenue |  | 222,510 |  |  | 104,434 |  |  | 68,686 |  |  | 210 |  |  | 395,840 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 118,895 |  |  | 67,425 |  |  | 34,816 |  |  | — |  |  | 221,136 |
Administrative expenses |  | — |  |  | — |  |  | — |  |  | 44,018 |  |  | 44,018 |
Depreciation and amortization |  | 7,013 |  |  | 5,105 |  |  | 721 |  |  | 13,188 |  |  | 26,027 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 25,418 |  |  | 25,418 |
Interest income |  | — |  |  | — |  |  | — |  |  | (743) |  |  | (743) |
Gain on foreign exchange |  | — |  |  | — |  |  | — |  |  | (186) |  |  | (186) |
Merger and acquisition expenses |  | — |  |  | — |  |  | — |  |  | 597 |  |  | 597 |
Other income, net |  | — |  |  | — |  |  | — |  |  | (2,312) |  |  | (2,312) |
Total expenses and other income |  | 125,908 |  |  | 72,530 |  |  | 35,537 |  |  | 79,980 |  |  | 313,955 |
Income (loss) before income taxes |  | $ | 96,602 |  |  | $ | 31,904 |  |  | $ | 33,149 |  |  | $ | (79,770) |  |  | $ | 81,885 |
(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 March 31, 2024
|  | U.S. Pawn |  | Latin America Pawn |  | Retail POS Payment Solutions |  | Corporate/ Eliminations |  | Consolidated
Pawn loans |  | $ | 315,792 |  | $ | 140,287 |  | $ | — |  | $ | — |  | $ | 456,079
Finance receivables, net |  | — |  | — |  | 105,653 |  | — |  | 105,653
Inventories |  | 216,762 |  | 85,623 |  | — |  | — |  | 302,385
Leased merchandise, net |  | — |  | — |  | 158,090 |  | (305) | (1) | 157,785
Goodwill |  | 1,043,583 |  |  | 200,565 |  |  | 486,205 |  |  | — |  |  | 1,730,353 |
Total assets |  | 2,391,699 |  |  | 703,046 |  |  | 983,803 |  |  | 168,904 |  |  | 4,247,452 |
(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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