0000840489-20-000073 | 10-Q | XBRL Viewer

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2020	Oct. 20, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-10960
Entity Registrant Name	FIRSTCASH, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-2237318
Entity Address, Address Line One	1600 West 7th Street
Entity Address, City or Town	Fort Worth
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76102
City Area Code	817
Local Phone Number	335-1100
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	FCFS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		41,440,498
Entity Central Index Key	0000840489
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
ASSETS
Cash and cash equivalents	$ 78,844	$ 46,527	$ 61,183
Fees and service charges receivable	36,423	46,686	48,587
Pawn loans	270,619	369,527	385,907
Consumer loans, net	0	751	895
Inventories	168,664	265,256	281,921
Income taxes receivable	7,534	875	1,944
Prepaid expenses and other current assets	10,647	11,367	9,275
Total current assets	572,731	740,989	789,712
Property and equipment, net	341,827	336,167	300,087
Operating lease right of use asset	289,175	304,549	288,460
Goodwill	932,329	948,643	936,562
Intangible assets, net	83,837	85,875	86,468
Other assets	9,087	11,506	10,880
Deferred tax assets	6,509	11,711	10,624
Total assets	2,235,495	2,439,440	2,422,793
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities	79,979	72,398	81,999
Customer deposits	36,189	39,736	41,686
Income taxes payable	183	4,302	713
Lease liability, current	84,970	86,466	83,328
Total current liabilities	201,321	202,902	207,726
Revolving unsecured credit facilities	40,000	335,000	340,000
Senior unsecured notes	492,775	296,568	296,394
Deferred tax liabilities	69,261	61,431	61,240
Lease liability, non-current	188,212	193,504	181,257
Total liabilities	991,569	1,089,405	1,086,617
Stockholders’ equity:
Common stock	493	493	493
Additional paid-in capital	1,226,512	1,231,528	1,229,793
Retained earnings	767,683	727,476	684,865
Accumulated other comprehensive loss	(164,877)	(96,969)	(113,516)
Common stock held in treasury, at cost	(585,885)	(512,493)	(465,459)
Total stockholders’ equity	1,243,926	1,350,035	1,336,176
Total liabilities and stockholders’ equity	$ 2,235,495	$ 2,439,440	$ 2,422,793

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue:
Retail merchandise sales	$ 234,982	$ 281,358	$ 819,011	$ 844,353
Pawn loan fees	99,570	142,879	343,675	420,994
Wholesale scrap jewelry sales	25,281	25,661	74,437	82,352
Consumer loan and credit services fees	57	2,561	2,003	18,378
Total revenue	359,890	452,459	1,239,126	1,366,077
Cost of revenue:
Cost of retail merchandise sold	137,230	178,597	493,436	534,218
Cost of wholesale scrap jewelry sold	19,818	22,660	61,022	76,947
Total cost of revenue	104	223	(480)	3,829
Total cost of revenue	157,152	201,480	553,978	614,994
Net revenue	202,738	250,979	685,148	751,083
Expenses and other income:
Store operating expenses	132,061	149,819	426,612	445,018
Administrative expenses	24,354	30,576	85,642	94,426
Depreciation and amortization	10,426	10,674	31,424	31,058
Interest expense	6,561	8,922	21,953	25,840
Interest income	(499)	(429)	(1,209)	(788)
Merger and other acquisition expenses	7	805	209	1,510
(Gain) loss on foreign exchange	(432)	1,648	1,639	926
Write-offs and impairments of certain lease intangibles and other assets	837	0	6,549	0
Total expenses and other income	185,052	202,015	584,556	597,990
Income (loss) before income taxes	17,686	48,964	100,592	153,093
Provision for income taxes	2,624	14,203	26,739	42,629
Net income	$ 15,062	$ 34,761	$ 73,853	$ 110,464
Earnings per share:
Basic (USD per share)	$ 0.36	$ 0.81	$ 1.78	$ 2.56
Diluted (USD per share)	$ 0.36	$ 0.81	$ 1.77	$ 2.55
Loss on extinguishment of debt	$ (11,737)	$ 0	$ (11,737)	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 15,062	$ 34,761	$ 73,853	$ 110,464
Other comprehensive income:
Currency translation adjustment	7,273	(9,584)	(67,908)	(399)
Comprehensive income	$ 22,335	$ 25,177	$ 5,945	$ 110,065

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Common Stock Held in Treasury
Balance at beginning of period (shares) at Dec. 31, 2018		49,276				5,673
Balance at beginning of period at Dec. 31, 2018	$ 1,318,104	$ 493	$ 1,224,608	$ 606,810	$ (113,117)	$ (400,690)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under share-based compensation plan	0		(1,441)			$ 1,441
Shares issued under share-based compensation plan (shares)						(21)
Share-based compensation expense	2,315		2,315
Net income	42,655			42,655
Cash dividends	10,891			10,891
Currency translation adjustment	5,423				5,423
Purchases of treasury stock (shares)						343
Purchases of treasury stock	(29,190)					$ (29,190)
Balance at end of period (shares) at Mar. 31, 2019		49,276				5,995
Balance at end of period at Mar. 31, 2019	1,328,416	$ 493	1,225,482	638,574	(107,694)	$ (428,439)
Balance at beginning of period (shares) at Dec. 31, 2018		49,276				5,673
Balance at beginning of period at Dec. 31, 2018	1,318,104	$ 493	1,224,608	606,810	(113,117)	$ (400,690)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	110,464
Balance at end of period (shares) at Sep. 30, 2019		49,276				6,393
Balance at end of period at Sep. 30, 2019	1,336,176	$ 493	1,229,793	684,865	(113,516)	$ (465,459)
Balance at beginning of period (shares) at Mar. 31, 2019		49,276				5,995
Balance at beginning of period at Mar. 31, 2019	1,328,416	$ 493	1,225,482	638,574	(107,694)	$ (428,439)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)						(10)
Exercise of stock options	400		(319)			$ 719
Share-based compensation expense	2,315		2,315
Net income	33,048			33,048
Cash dividends	10,777			10,777
Currency translation adjustment	3,762				3,762
Purchases of treasury stock (shares)						328
Purchases of treasury stock	(30,222)					$ (30,222)
Balance at end of period (shares) at Jun. 30, 2019		49,276				6,313
Balance at end of period at Jun. 30, 2019	1,326,942	$ 493	1,227,478	660,845	(103,932)	$ (457,942)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	2,315		2,315
Net income	34,761			34,761
Cash dividends	10,741			10,741	(9,584)
Currency translation adjustment	(9,584)
Purchases of treasury stock (shares)						80
Purchases of treasury stock	(7,517)					$ (7,517)
Balance at end of period (shares) at Sep. 30, 2019		49,276				6,393
Balance at end of period at Sep. 30, 2019	1,336,176	$ 493	1,229,793	684,865	(113,516)	$ (465,459)
Balance at beginning of period (shares) at Dec. 31, 2019		49,276				6,947
Balance at beginning of period at Dec. 31, 2019	1,350,035	$ 493	1,231,528	727,476	(96,969)	$ (512,493)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under share-based compensation plan	(3,327)		(10,266)			$ 6,939
Shares issued under share-based compensation plan (shares)						(93)
Share-based compensation expense	2,851		2,851
Net income	32,918			32,918
Cash dividends	11,268			11,268
Currency translation adjustment	(83,503)				(83,503)
Purchases of treasury stock (shares)						981
Purchases of treasury stock	(80,331)					$ (80,331)
Balance at end of period (shares) at Mar. 31, 2020		49,276				7,835
Balance at end of period at Mar. 31, 2020	1,207,375	$ 493	1,224,113	749,126	(180,472)	$ (585,885)
Balance at beginning of period (shares) at Dec. 31, 2019		49,276				6,947
Balance at beginning of period at Dec. 31, 2019	1,350,035	$ 493	1,231,528	727,476	(96,969)	$ (512,493)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	73,853
Balance at end of period (shares) at Sep. 30, 2020		49,276				7,835
Balance at end of period at Sep. 30, 2020	1,243,926	$ 493	1,226,512	767,683	(164,877)	$ (585,885)
Balance at beginning of period (shares) at Mar. 31, 2020		49,276				7,835
Balance at beginning of period at Mar. 31, 2020	1,207,375	$ 493	1,224,113	749,126	(180,472)	$ (585,885)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	2,399		2,399
Net income	25,873			25,873
Cash dividends	11,189			11,189
Currency translation adjustment	8,322				8,322
Balance at end of period (shares) at Jun. 30, 2020		49,276				7,835
Balance at end of period at Jun. 30, 2020	1,232,780	$ 493	1,226,512	763,810	(172,150)	$ (585,885)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,062			15,062
Cash dividends	11,189			11,189
Currency translation adjustment	7,273				7,273
Balance at end of period (shares) at Sep. 30, 2020		49,276				7,835
Balance at end of period at Sep. 30, 2020	$ 1,243,926	$ 493	$ 1,226,512	$ 767,683	$ (164,877)	$ (585,885)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares shares in Thousands	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Shares withheld for tax withholding obligation (in shares)			46
Dividends (USD per share)	$ 0.27	$ 0.27	$ 0.27	$ 0.25	$ 0.25	$ 0.25

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands

9 Months Ended

Sep. 30, 2020

Sep. 30, 2019

Cash flow from operating activities:

Net income

$ 73,853

$ 110,464

Adjustments to reconcile net income to net cash flow provided by operating activities:

Non-cash portion of consumer loan credit loss provision

(829)

2,351

Share-based compensation expense

5,250

6,945

Depreciation and amortization expense

31,424

31,058

Amortization of debt issuance costs

1,219

1,429

Loss on extinguishment of debt

11,737

Write-offs and impairments of certain lease intangibles and other assets

6,549

Deferred income taxes, net

11,401

7,451

Changes in operating assets and liabilities, net of business combinations:

Fees and service charges receivable

8,291

(2,475)

Inventories purchased directly from customers, wholesalers or manufacturers

26,628

(358)

Prepaid expenses and other assets

576

Accounts payable, accrued liabilities and other liabilities

12,971

7,020

Income taxes

(11,203)

(637)

Net cash flow provided by operating activities

177,366

163,824

Cash flow from investing activities:

Loan receivables, net

^[1]

145,930

(2,998)

Purchases of furniture, fixtures, equipment and improvements

(27,853)

(33,104)

Purchases of store real property

(20,946)

(42,954)

Acquisitions of pawn stores, net of cash acquired

(9,340)

(41,986)

Net cash flow provided by (used in) investing activities

87,791

(121,042)

Cash flow from financing activities:

Borrowings from unsecured credit facilities

221,925

191,000

Repayments of unsecured credit facilities

(520,433)

(146,000)

Issuance of senior unsecured notes

500,000

Early Repayment of Senior Debt

300,000

Repurchase/redemption premiums paid on senior unsecured notes

(8,781)

Debt issuance costs paid

(5,285)

Purchases of treasury stock

(80,331)

(67,221)

Proceeds from exercise of stock options

400

Payment of withholding taxes on net share settlements of restricted stock unit awards

(3,327)

Dividends paid

(33,646)

(32,409)

Net cash flow used in financing activities

(229,878)

(54,230)

Effect of exchange rates on cash

(2,962)

838

Change in cash and cash equivalents

32,317

(10,610)

Cash and cash equivalents at beginning of the period

46,527

71,793

Cash and cash equivalents at end of the period

$ 78,844

$ 61,183

[1]	⁽¹⁾Includes the funding of new loans net of cash repayments and recovery of principal through the sale of inventories acquired from forfeiture of pawn collateral.

General	9 Months Ended
General	Sep. 30, 2020
Accounting Policies [Abstract]
General	General Basis of Presentation The accompanying consolidated balance sheet as of December 31, 2019, which is derived from audited financial statements, and the unaudited consolidated financial statements, including the notes thereto, include the accounts of FirstCash, Inc. and its wholly-owned subsidiaries (together, the “Company”). The Company regularly makes acquisitions and the results of operations for the acquired stores have been consolidated since the acquisition dates. All significant intercompany accounts and transactions have been eliminated. These unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the rules and regulations for reporting on Form 10-Q. Accordingly, they do not include certain information and disclosures required for comprehensive financial statements. These interim period financial statements should be read in conjunction with the Company’s consolidated financial statements, which are included in the Company’s annual report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission (the “SEC”) on February 3, 2020. The consolidated financial statements as of September 30, 2020 and 2019, and for the three month and nine month periods ended September 30, 2020 and 2019, are unaudited, but in management’s opinion include all adjustments (consisting of only normal recurring adjustments) considered necessary to present fairly the financial position, results of operations and cash flow for such interim periods. Operating results for the periods ended September 30, 2020 are not necessarily indicative of the results that may be expected for the full year. The Company has significant operations in Latin America, where in Mexico, Guatemala and Colombia, the functional currency is the Mexican peso, Guatemalan quetzal and Colombian peso, respectively. Accordingly, the assets and liabilities of these subsidiaries are translated into U.S. dollars at the exchange rate in effect at each balance sheet date, and the resulting adjustments are accumulated in other comprehensive income (loss) as a separate component of stockholders’ equity. Revenues and expenses are translated at the average exchange rates occurring during the respective period. The Company also has operations in El Salvador where the reporting and functional currency is the U.S. dollar. Impact of COVID-19 In December 2019, a novel strain of coronavirus (“COVID-19”) surfaced in China and rapidly spread throughout the world. In March of 2020, the World Health Organization declared the outbreak a pandemic. Beginning at the end of the first quarter of 2020 and during the second quarter of 2020, many countries, states and other local government officials reacted by instituting quarantines, shelter-in-place and other orders mandating non-essential business closures, travel restrictions and other measures in an effort to reduce the spread of COVID-19 in addition to instituting broad-based stimulus, relief and forbearance programs in an effort to mitigate the economic impact of the pandemic. The broad shutdowns in response to COVID-19 caused significantly reduced levels of personal spending by consumers in the U.S. and Latin America. This resulted in a significant decline in pawn lending activities, including increased redemptions of existing loans and decreased originations of new loans. Further impacting pawn loan demand during the second quarter were federal stimulus payments, forbearance programs and enhanced unemployment benefits in the U.S. and increased cross-border remittance payments from the U.S. to many Latin American countries. Beginning in approximately May and continuing through September 30, 2020, pawn loan originations began to recover, although pawn loan balances as of September 30, 2020 were still significantly lower than balances in the prior year. Resulting pawn loan fees and inventory levels were negatively impacted during the second and third quarters as a result of the lower pawn loan balances. As most of the Company’s pawn stores were able to remain open as an essential business during the broad lock-downs, retail sales during the second quarter benefited from strong demand for stay-at-home products, such as consumer electronics, tools and sporting goods and were further enhanced by federal stimulus payments in the U.S., which drove additional demand across most product categories, including jewelry. These positive impacts on second quarter retail sales in Latin America were largely offset by a three-week regulatory prohibition of retail transactions in Mexico the last three weeks of May and closures of stores in El Salvador and Colombia during much of the second quarter. The strong retail demand experienced in the U.S. in the second quarter continued through much of the third quarter, although lower inventory balances also negatively impacted retail sales. Latin America’s sales were further impacted by a slower economic recovery compared to the U.S. As a result of the increased retail sales, especially in the second quarter, and less forfeited inventory from lower pawn receivable balances, inventory balances as of September 30, 2020 were significantly lower than balances in the prior year. In addition, the economic global uncertainty resulting from COVID-19 has resulted in increased currency volatility that has resulted in adverse currency rate fluctuations, especially with respect to the Mexican peso. The extent to which COVID-19 impacts the Company’s operations, results of operations, liquidity and financial condition will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration and severity of the outbreak, and the actions taken to contain its impact, as well as further actions, such as additional stimulus programs, taken to limit the resulting economic impact, among others. Use of Estimates The preparation of interim financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and related revenue and expenses, and the disclosure of gain and loss contingencies at the date of the financial statements. The extent to which COVID-19 impacts the Company’s operations, results of operations, liquidity and financial condition, including estimates and assumptions used by the Company in the calculation and evaluation of the accrual for earned but uncollected pawn loan fees, impairment of goodwill and other intangible assets and current and deferred tax assets and liabilities, will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration and severity of the outbreak, and the actions taken to contain its impact, as well as actions taken to limit the resulting economic impact, among others. The Company’s future assessment of the magnitude and duration of the COVID-19 pandemic, as well as other factors, could result in material impacts to the Company’s financial statements in future reporting periods. Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 amends the impairment model by requiring entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables. In November 2018, the Financial Accounting Standards Board issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses” (“ASU 2018-19”) which clarifies that receivables arising from operating leases are accounted for using lease guidance and not as financial instruments. In April 2019, the Financial Accounting Standards Board issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” (“ASU 2019-04”) which clarifies treatment of certain credit losses. In May 2019, the Financial Accounting Standards Board issued ASU No. 2019-05, “Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief ” (“ASU 2019-05”) which provides an option to irrevocably elect to measure certain individual financial assets at fair value instead of amortized cost. In November 2019, the Financial Accounting Standards Board issued ASU No. 2019-11, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses” (“ASU 2019-11”), which provides guidance around how to report expected recoveries. In February 2020, the Financial Accounting Standards Board issued ASU No. 2020-02, “Financial Instruments - Credit Losses (Topic 326) (“ASU 2020-02”) which provides updated guidance on how an entity should measure credit losses on financial instruments and delayed the effective date of the original pronouncement for smaller reporting companies. ASU 2016-13, ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-11 and ASU 2020-02 (collectively, “ASC 326”) are effective for public entities for fiscal years beginning after December 15, 2019, with early adoption permitted. The adoption of ASC 326 did not have a material impact on the Company’s recognition of financial instruments within the scope of the standard. In January 2017, the Financial Accounting Standards Board issued ASU No. 2017-04, “Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”), which eliminates step two from the goodwill impairment test and, instead, requires an entity to perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019 and should be adopted on a prospective basis. The adoption of ASU 2017-04 did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures. In August 2018, the Financial Accounting Standards Board issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 modifies the disclosure requirements on fair value measurements. ASU 2018-13 is effective for public entities for fiscal years beginning after December 15, 2019, with early adoption permitted for any removed or modified disclosures. The adoption of ASU 2018-13 did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures. In December 2019, the Financial Accounting Standards Board issued ASU No 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” (“ASU 2019-12”). ASU 2019-12 removes certain exceptions to the general principles in Topic 740 in Generally Accepted Accounting Principles. ASU 2019-12 is effective for public entities for fiscal years beginning after December 15, 2020, with early adoption permitted. The Company does not expect ASU 2019-12 to have a material effect on the Company’s current financial position, results of operations or financial statement disclosures. In March 2020, the Financial Accounting Standards Board issued ASU 2020-03, “Codification Improvements to Financial Instruments” (“ASU 2020-03”). ASU 2020-03 improves and clarifies various financial instruments topics. ASU 2020-03 includes seven different issues that describe the areas of improvement and the related amendments to GAAP, intended to make the standards easier to understand and apply by eliminating inconsistencies and providing clarifications. The Company adopted ASU 2020-03 upon issuance, which did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures. In March 2020, the Financial Accounting Standards Board issued ASU No 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”). ASU 2020-04 provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. ASU 2020-04 is effective beginning on March 12, 2020, and the Company may elect to apply the amendments prospectively through December 31, 2022. The Company does not expect ASU 2020-04 to have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.

Earnings Per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020		2019		2020		2019
Numerator:
Net income	$	15,062	$	34,761	$	73,853	$	110,464



Denominator:
Weighted-average common shares for calculating basic earnings per share	41,440		42,957		41,597		43,183
Effect of dilutive securities:
Stock options and restricted stock unit awards	96		210		94		175
Weighted-average common shares for calculating diluted earnings per share	41,536		43,167		41,691		43,358

Earnings per share:
Basic	$	0.36	$	0.81	$	1.78	$	2.56
Diluted	$	0.36	$	0.81	$	1.77	$	2.55

Acquisitions	9 Months Ended
Acquisitions	Sep. 30, 2020
Business Combinations [Abstract]
Acquisitions	Acquisitions Consistent with the Company’s strategy to continue its expansion of pawn stores in selected markets, during the nine months ended September 30, 2020, the Company acquired 40 pawn stores in Mexico in two separate transactions. The aggregate purchase price for these acquisitions totaled $7.2 million, net of cash acquired and subject to future post-closing adjustments. The aggregate purchase price was composed of $6.4 million in cash paid during the nine months ended September 30, 2020 and remaining short-term amounts payable to the seller of approximately $0.8 million. The purchase price of each of the 2020 acquisitions was allocated to assets acquired and liabilities assumed based upon the estimated fair market values at the date of acquisition. The excess purchase price over the estimated fair market value of the net assets acquired has been recorded as goodwill. The goodwill arising from these acquisitions consists largely of the synergies and economies of scale expected from combining the operations of the Company and the pawn stores acquired. These acquisitions were not material individually or in the aggregate to the Company’s consolidated financial statements.

Operating Leases

3 Months Ended

Sep. 30, 2020

Leases [Abstract]

Operating Leases

The Company leases the majority of its pawnshop locations under operating leases and determines if an arrangement is or contains a lease at inception. Many leases include both lease and non-lease components, which the Company accounts for separately. Lease components include rent, taxes and insurance costs while non-lease components include common area or other maintenance costs. Operating leases are included in operating lease right of use assets, lease liability, current and lease liability, non-current in the consolidated balance sheets. The Company does not have any finance leases.

Leased facilities are generally leased for a term of three to five years with one or more options to renew for an additional three to five years, typically at the Company’s sole discretion. In addition, the majority of these leases can be terminated early upon an adverse change in law which negatively affects the store’s profitability. The Company regularly evaluates renewal and termination options to determine if the Company is reasonably certain to exercise the option, and excludes these options from the lease term included in the recognition of the operating lease right of use asset and lease liability until such certainty exists. The weighted-average remaining lease term for operating leases as of September 30, 2020 and 2019 was 4.1 years and 3.9 years, respectively.

The operating lease right of use asset and lease liability is recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. The Company’s leases do not provide an implicit rate and therefore, it uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments. The Company utilizes a portfolio approach for determining the incremental borrowing rate to apply to groups of leases with similar characteristics. The weighted-average discount rate used to measure the lease liability as of September 30, 2020 and 2019 was 7.2% and 7.6%, respectively.

The Company has certain operating leases in Mexico which are denominated in U.S. dollars. The liability related to these leases is considered a monetary liability, and requires remeasurement each reporting period into the functional currency (Mexican pesos) using reporting date exchange rates. The remeasurement results in the recognition of foreign currency exchange gains or losses each reporting period, which can produce a certain level of earnings volatility. The Company recognized a foreign currency gain of $0.4 million and a loss of $0.5 million during the three months ended September 30, 2020 and 2019, respectively, related to the remeasurement of these U.S. dollar denominated operating leases, which is included in (gain) loss on foreign exchange in the accompanying consolidated statements of income. During the nine months ended September 30, 2020 and 2019, the Company recognized a foreign currency loss of $3.5 million and a gain of $49,000, respectively, related to these U.S. dollar denominated leases.

Lease expense is recognized on a straight-line basis over the lease term, with variable lease expense recognized in the period such payments are incurred. The following table details the components of lease expense included in store operating expenses in the consolidated statements of income during the three and nine months ended September 30, 2020 and 2019 (in thousands):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020		2019		2020		2019
Operating lease expense	$	30,038	$	31,083	$	90,673	$	93,355
Variable lease expense ⁽¹⁾	3,656		2,860		10,604		7,114
Total operating lease expense	$	33,694	$	33,943	$	101,277	$	100,469

⁽¹⁾ Variable lease costs consist primarily of taxes, insurance and common area or other maintenance costs paid based on actual costs incurred by the lessor and can therefore vary over the lease term.

The following table details the maturity of lease liabilities for all operating leases as of September 30, 2020 (in thousands):


Three months ending December 31, 2020	$	27,118
2021	96,255
2022	74,028
2023	54,502
2024	32,970
Thereafter	30,471
Total	$	315,344
Less amount of lease payments representing interest	(42,162)
Total present value of lease payments	$	273,182

The following table details supplemental cash flow information related to operating leases for the nine months ended September 30, 2020 and 2019 (in thousands):


	Nine Months Ended
	September 30,
	2020		2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	82,473	$	87,509
Leased assets obtained in exchange for new operating lease liabilities	$	81,151	$	43,616

Long-Term Debt

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Long-term Debt

Long-Term Debt

The following table details the Company’s long-term debt at the respective principal amounts, net of unamortized debt issuance costs on the senior unsecured notes (in thousands):


	As of September 30,						As of December 31,
	2020		2019		2019
Revolving unsecured credit facility, maturing 2024 ⁽¹⁾	$	40,000	$	340,000	$	335,000

5.375% senior unsecured notes due 2024 ⁽²⁾	—		296,394		296,568
4.625% senior unsecured notes due 2028 ⁽³⁾	492,775		—		—

Total long-term debt	$	532,775	$	636,394	$	631,568

⁽¹⁾Debt issuance costs related to the Company’s revolving unsecured credit facilities are included in other assets in the accompanying consolidated balance sheets.

⁽²⁾ As of September 30, 2019 and December 31, 2019, deferred debt issuance costs of $3.6 million and $3.4 million, respectively, are included as a direct deduction from the carrying amount of the senior unsecured notes due 2024 in the accompanying consolidated balance sheets.

⁽³⁾ As of September 30, 2020, deferred debt issuance costs of $7.2 million are included as a direct deduction from the carrying amount of the senior unsecured notes due 2028 in the accompanying consolidated balance sheets.

Revolving Unsecured Credit Facility

As of September 30, 2020, the Company maintained an unsecured line of credit with a group of U.S. based commercial lenders (the “Credit Facility”) in the amount of $500.0 million. The Credit Facility matures on December 19, 2024. As of September 30, 2020, the Company had $40.0 million in outstanding borrowings and $3.0 million in outstanding letters of credit under the Credit Facility, leaving $457.0 million available for future borrowings, subject to certain financial covenants. The Credit Facility is unsecured and bears interest, at the Company’s option, of either (1) the prevailing London Interbank Offered Rate (“LIBOR”) (with interest periods of 1 week or 1, 2, 3 or 6 months at the Company’s option) plus a fixed spread of 2.5% or (2) the prevailing prime or base rate plus a fixed spread of 1.5%. The agreement has a LIBOR floor of 0%. Additionally, the Company is required to pay an annual commitment fee of 0.50% on the average daily unused portion of the Credit Facility commitment. The weighted-average interest rate on amounts outstanding under the Credit Facility at September 30, 2020 was 2.63% based on 1 week LIBOR. Under the terms of the Credit Facility, the Company is required to maintain certain financial ratios and comply with certain financial covenants. The Credit Facility also contains customary restrictions on the Company’s ability to incur additional debt, grant liens, make investments, consummate acquisitions and similar negative covenants with customary carve-outs and baskets. The Company was in compliance with the covenants of the Credit Facility as of September 30, 2020. During the nine months ended September 30, 2020, the Company made net payments of $295.0 million pursuant to the Credit Facility.

Revolving Unsecured Uncommitted Credit Facility

During March 2020, the Company’s primary subsidiary in Mexico, First Cash S.A. de C.V., entered into an unsecured and uncommitted line of credit guaranteed by FirstCash, Inc. with a bank in Mexico (the “Mexico Credit Facility”) in the amount of $600.0 million Mexican pesos. The Mexico Credit Facility bears interest at the Mexican Central Bank’s interbank equilibrium rate (“TIIE”) plus a fixed spread of 2.5% and matures on March 9, 2023. Under the terms of the Mexico Credit Facility, the Company is required to maintain certain financial ratios and comply with certain financial covenants. The Company was in compliance with the covenants of the Mexico Credit Facility as of September 30, 2020. At September 30, 2020, the Company had no amount outstanding under the Mexico Credit Facility and $600.0 million Mexican pesos available for borrowings.

Senior Unsecured Notes Due 2028

On August 26, 2020, the Company completed an offering of $500.0 million of 4.625% senior unsecured notes due on September 1, 2028 (the “Notes”), all of which are currently outstanding. Interest on the Notes is payable semi-annually in arrears on March 1 and September 1, commencing on March 1, 2021. The Notes were sold in a private placement in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Company used the proceeds from the offering to redeem its outstanding $300.0 million, 5.375% senior notes due 2024 (the “2024 Notes”), to pay down a portion of the Credit Facility and to pay for related fees and expenses associated with the offering and the redemption of the 2024 Notes. The Company capitalized approximately $7.3 million in debt issuance costs, which consisted primarily of the initial purchaser’s discount and fees and legal and other professional expenses. The debt issuance costs are being amortized over the life of the Notes as a component of interest expense and are carried as a direct deduction from the carrying amount of the Notes in the accompanying consolidated balance sheets.

The Notes are fully and unconditionally guaranteed on a senior unsecured basis jointly and severally by all of the Company's existing and future domestic subsidiaries that guarantee its Credit Facility. The Notes will permit the Company to make restricted payments, such as purchasing shares of its stock and paying cash dividends, in an unlimited amount if, after giving pro forma effect to the incurrence of any indebtedness to make such payment, the Company's consolidated total debt ratio (“Net Debt Ratio”) is less than 2.75 to 1. The Net Debt Ratio is defined generally in the indenture governing the Notes (the “Indenture”) as the ratio of (1) the total consolidated debt of the Company minus cash and cash equivalents of the Company to (2) the Company’s consolidated trailing twelve months EBITDA, as adjusted to exclude certain non-recurring expenses and giving pro forma effect to operations acquired during the measurement period.

The Company may redeem some or all of the Notes at any time on or after September 1, 2023, at the redemption prices set forth in the Indenture, plus accrued and unpaid interest, if any. In addition, prior to September 1, 2023, the Company may redeem some or all of the Notes at a price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, plus a “make-whole” premium set forth in the Indenture. The Company may redeem up to 40% of the Notes on or prior to September 1, 2023 with the proceeds of certain equity offerings at the redemption prices set forth in the Indenture. If the Company sells certain assets or consummates certain change in control transactions, the Company will be required to make an offer to repurchase the Notes.

Redemption of 2024 Notes

During the three months ended September 30, 2020, the Company redeemed all outstanding 2024 Notes. As a result, the Company recognized a loss on extinguishment of debt of $11.7 million, which includes the redemption premium paid over the outstanding $300.0 million principal amount of the 2024 Notes and other redemption costs of $8.8 million and the write-off of unamortized debt issuance costs of $2.9 million.

Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

The fair value of financial instruments is determined by reference to various market data and other valuation techniques, as appropriate. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. The three fair value levels are (from highest to lowest):

Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data.

Level 3: Unobservable inputs that are not corroborated by market data.

Recurring Fair Value Measurements

As of September 30, 2020, 2019 and December 31, 2019, the Company did not have any financial assets or liabilities measured at fair value on a recurring basis.

Fair Value Measurements on a Non-Recurring Basis

The Company measures non-financial assets and liabilities, such as property and equipment and intangible assets, at fair value on a non-recurring basis, or when events or circumstances indicate that the carrying amount of the assets may be impaired. During the nine months ended September 30, 2020, the Company recorded a $1.9 million impairment related to a non-financial, non-operating asset that was included in other assets in the consolidated balance sheets.

Financial Assets and Liabilities Not Measured at Fair Value

The Company’s financial assets and liabilities as of September 30, 2020, 2019 and December 31, 2019 that are not measured at fair value in the consolidated balance sheets are as follows (in thousands):


	Carrying Value		Estimated Fair Value
	September 30,		September 30,		Fair Value Measurements Using
	2020		2020		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	78,844	$	78,844	$	78,844	$	—	$	—
Fees and service charges receivable	36,423		36,423		—		—		36,423
Pawn loans	270,619		270,619		—		—		270,619

	$	385,886	$	385,886	$	78,844	$	—	$	307,042

Financial liabilities:
Revolving unsecured credit facilities	$	40,000	$	40,000	$	—	$	40,000	$	—
Senior unsecured notes (outstanding principal)	500,000		508,000		—		508,000		—
	$	540,000	$	548,000	$	—	$	548,000	$	—


	Carrying Value		Estimated Fair Value
	September 30,		September 30,		Fair Value Measurements Using
	2019		2019		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	61,183	$	61,183	$	61,183	$	—	$	—
Fees and service charges receivable	48,587		48,587		—		—		48,587
Pawn loans	385,907		385,907		—		—		385,907
Consumer loans, net	895		895		—		—		895
	$	496,572	$	496,572	$	61,183	$	—	$	435,389

Financial liabilities:
Revolving unsecured credit facility	$	340,000	$	340,000	$	—	$	340,000	$	—
Senior unsecured notes (outstanding principal)	300,000		309,000		—		309,000		—
	$	640,000	$	649,000	$	—	$	649,000	$	—


	Carrying Value		Estimated Fair Value
	December 31,		December 31,		Fair Value Measurements Using
	2019		2019		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	46,527	$	46,527	$	46,527	$	—	$	—
Fees and service charges receivable	46,686		46,686		—		—		46,686
Pawn loans	369,527		369,527		—		—		369,527
Consumer loans, net	751		751		—		—		751
	$	463,491	$	463,491	$	46,527	$	—	$	416,964

Financial liabilities:
Revolving unsecured credit facility	$	335,000	$	335,000	$	—	$	335,000	$	—
Senior unsecured notes (outstanding principal)	300,000		310,000		—		310,000		—
	$	635,000	$	645,000	$	—	$	645,000	$	—

As cash and cash equivalents have maturities of less than three months, the carrying value of cash and cash equivalents approximates fair value. Due to their short-term maturities, the carrying value of pawn loans and fees and service charges receivable approximate fair value. Consumer loans, net are carried net of the allowance for estimated loan losses, which is calculated by applying historical loss rates combined with recent default trends to the gross consumer loan balance. Therefore, the carrying value approximates the fair value.

The carrying value of the unsecured credit facilities approximate fair value as of September 30, 2020, 2019 and December 31, 2019. The fair value of the unsecured credit facilities is estimated based on market values for debt issuances with similar characteristics or rates currently available for debt with similar terms. In addition, the unsecured credit facilities have a variable interest rate based on a fixed spread over LIBOR or TIIE and reprice with any changes in LIBOR or TIIE. The fair value of the senior unsecured notes is estimated based on quoted prices in markets that are not active.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Segment Information

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Information

The Company organizes its operations into two reportable segments as follows:

•U.S. operations

•Latin America operations - Includes operations in Mexico, Guatemala, El Salvador and Colombia

Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, merger and other acquisition expenses and (gain) loss on foreign exchange, are incurred or earned in both the U.S. and Latin America, but presented on a consolidated basis and are not allocated between the U.S. operations segment and Latin America operations segment.

The following tables present reportable segment information for the three and nine month periods ended September 30, 2020 and 2019 (in thousands):


	Three Months Ended September 30, 2020
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	151,618	$	83,364	$	—	$	234,982
Pawn loan fees	66,180		33,390		—		99,570
Wholesale scrap jewelry sales	12,692		12,589		—		25,281
Consumer loan and credit services fees	57		—		—		57
Total revenue	230,547		129,343		—		359,890

Cost of revenue:
Cost of retail merchandise sold	84,673		52,557		—		137,230
Cost of wholesale scrap jewelry sold	10,316		9,502		—		19,818
Consumer loan and credit services loss provision	104		—		—		104
Total cost of revenue	95,093		62,059		—		157,152

Net revenue	135,454		67,284		—		202,738

Expenses and other income:
Store operating expenses	92,678		39,383		—		132,061
Administrative expenses	—		—		24,354		24,354
Depreciation and amortization	5,390		3,903		1,133		10,426
Interest expense	—		—		6,561		6,561
Interest income	—		—		(499)		(499)
Merger and other acquisition expenses	—		—		7		7
Gain on foreign exchange	—		—		(432)		(432)
Loss on extinguishment of debt	—		—		11,737		11,737
Write-offs and impairments of certain lease intangibles and other assets	—		—		837		837
Total expenses and other income	98,068		43,286		43,698		185,052

Income (loss) before income taxes	$	37,386	$	23,998	$	(43,698)	$	17,686


	Three Months Ended September 30, 2019
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	168,092	$	113,266	$	—	$	281,358
Pawn loan fees	95,125		47,754		—		142,879
Wholesale scrap jewelry sales	18,369		7,292		—		25,661
Consumer loan and credit services fees	2,561		—		—		2,561
Total revenue	284,147		168,312		—		452,459

Cost of revenue:
Cost of retail merchandise sold	103,728		74,869		—		178,597
Cost of wholesale scrap jewelry sold	16,217		6,443		—		22,660
Consumer loan and credit services loss provision	223		—		—		223
Total cost of revenue	120,168		81,312		—		201,480

Net revenue	163,979		87,000		—		250,979

Expenses and other income:
Store operating expenses	103,315		46,504		—		149,819
Administrative expenses	—		—		30,576		30,576
Depreciation and amortization	5,213		3,795		1,666		10,674
Interest expense	—		—		8,922		8,922
Interest income	—		—		(429)		(429)
Merger and other acquisition expenses	—		—		805		805
Loss on foreign exchange	—		—		1,648		1,648


Total expenses and other income	108,528		50,299		43,188		202,015

Income (loss) before income taxes	$	55,451	$	36,701	$	(43,188)	$	48,964


	Nine Months Ended September 30, 2020
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	556,528	$	262,483	$	—	$	819,011
Pawn loan fees	235,937		107,738		—		343,675
Wholesale scrap jewelry sales	37,727		36,710		—		74,437
Consumer loan and credit services fees	2,003		—		—		2,003
Total revenue	832,195		406,931		—		1,239,126

Cost of revenue:
Cost of retail merchandise sold	325,863		167,573		—		493,436
Cost of wholesale scrap jewelry sold	32,754		28,268		—		61,022
Consumer loan and credit services loss provision	(480)		—		—		(480)
Total cost of revenue	358,137		195,841		—		553,978

Net revenue	474,058		211,090		—		685,148

Expenses and other income:
Store operating expenses	303,686		122,926		—		426,612
Administrative expenses	—		—		85,642		85,642
Depreciation and amortization	16,352		11,568		3,504		31,424
Interest expense	—		—		21,953		21,953
Interest income	—		—		(1,209)		(1,209)
Merger and other acquisition expenses	—		—		209		209
Loss on foreign exchange	—		—		1,639		1,639
Loss on extinguishment of debt	—		—		11,737		11,737
Write-offs and impairments of certain lease intangibles and other assets	—		—		6,549		6,549
Total expenses and other income	320,038		134,494		130,024		584,556

Income (loss) before income taxes	$	154,020	$	76,596	$	(130,024)	$	100,592


	Nine Months Ended September 30, 2019
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	523,825	$	320,528	$	—	$	844,353
Pawn loan fees	283,127		137,867		—		420,994
Wholesale scrap jewelry sales	56,942		25,410		—		82,352
Consumer loan and credit services fees	18,378		—		—		18,378
Total revenue	882,272		483,805		—		1,366,077

Cost of revenue:
Cost of retail merchandise sold	326,134		208,084		—		534,218
Cost of wholesale scrap jewelry sold	52,340		24,607		—		76,947
Consumer loan and credit services loss provision	3,829		—		—		3,829
Total cost of revenue	382,303		232,691		—		614,994

Net revenue	499,969		251,114		—		751,083

Expenses and other income:
Store operating expenses	310,208		134,810		—		445,018
Administrative expenses	—		—		94,426		94,426
Depreciation and amortization	15,527		10,679		4,852		31,058
Interest expense	—		—		25,840		25,840
Interest income	—		—		(788)		(788)
Merger and other acquisition expenses	—		—		1,510		1,510
Loss on foreign exchange	—		—		926		926


Total expenses and other income	325,735		145,489		126,766		597,990

Income (loss) before income taxes	$	174,234	$	105,625	$	(126,766)	$	153,093

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

General (Policies)	9 Months Ended
General (Policies)	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	The accompanying consolidated balance sheet as of December 31, 2019, which is derived from audited financial statements, and the unaudited consolidated financial statements, including the notes thereto, include the accounts of FirstCash, Inc. and its wholly-owned subsidiaries (together, the “Company”). The Company regularly makes acquisitions and the results of operations for the acquired stores have been consolidated since the acquisition dates. All significant intercompany accounts and transactions have been eliminated. These unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the rules and regulations for reporting on Form 10-Q. Accordingly, they do not include certain information and disclosures required for comprehensive financial statements. These interim period financial statements should be read in conjunction with the Company’s consolidated financial statements, which are included in the Company’s annual report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission (the “SEC”) on February 3, 2020. The consolidated financial statements as of September 30, 2020 and 2019, and for the three month and nine month periods ended September 30, 2020 and 2019, are unaudited, but in management’s opinion include all adjustments (consisting of only normal recurring adjustments) considered necessary to present fairly the financial position, results of operations and cash flow for such interim periods. Operating results for the periods ended September 30, 2020 are not necessarily indicative of the results that may be expected for the full year. The Company has significant operations in Latin America, where in Mexico, Guatemala and Colombia, the functional currency is the Mexican peso, Guatemalan quetzal and Colombian peso, respectively. Accordingly, the assets and liabilities of these subsidiaries are translated into U.S. dollars at the exchange rate in effect at each balance sheet date, and the resulting adjustments are accumulated in other comprehensive income (loss) as a separate component of stockholders’ equity. Revenues and expenses are translated at the average exchange rates occurring during the respective period. The Company also has operations in El Salvador where the reporting and functional currency is the U.S. dollar.
Recent Accounting Pronouncements	In June 2016, the Financial Accounting Standards Board issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 amends the impairment model by requiring entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables. In November 2018, the Financial Accounting Standards Board issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses” (“ASU 2018-19”) which clarifies that receivables arising from operating leases are accounted for using lease guidance and not as financial instruments. In April 2019, the Financial Accounting Standards Board issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” (“ASU 2019-04”) which clarifies treatment of certain credit losses. In May 2019, the Financial Accounting Standards Board issued ASU No. 2019-05, “Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief ” (“ASU 2019-05”) which provides an option to irrevocably elect to measure certain individual financial assets at fair value instead of amortized cost. In November 2019, the Financial Accounting Standards Board issued ASU No. 2019-11, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses” (“ASU 2019-11”), which provides guidance around how to report expected recoveries. In February 2020, the Financial Accounting Standards Board issued ASU No. 2020-02, “Financial Instruments - Credit Losses (Topic 326) (“ASU 2020-02”) which provides updated guidance on how an entity should measure credit losses on financial instruments and delayed the effective date of the original pronouncement for smaller reporting companies. ASU 2016-13, ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-11 and ASU 2020-02 (collectively, “ASC 326”) are effective for public entities for fiscal years beginning after December 15, 2019, with early adoption permitted. The adoption of ASC 326 did not have a material impact on the Company’s recognition of financial instruments within the scope of the standard. In January 2017, the Financial Accounting Standards Board issued ASU No. 2017-04, “Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”), which eliminates step two from the goodwill impairment test and, instead, requires an entity to perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019 and should be adopted on a prospective basis. The adoption of ASU 2017-04 did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures. In August 2018, the Financial Accounting Standards Board issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 modifies the disclosure requirements on fair value measurements. ASU 2018-13 is effective for public entities for fiscal years beginning after December 15, 2019, with early adoption permitted for any removed or modified disclosures. The adoption of ASU 2018-13 did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures. In December 2019, the Financial Accounting Standards Board issued ASU No 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” (“ASU 2019-12”). ASU 2019-12 removes certain exceptions to the general principles in Topic 740 in Generally Accepted Accounting Principles. ASU 2019-12 is effective for public entities for fiscal years beginning after December 15, 2020, with early adoption permitted. The Company does not expect ASU 2019-12 to have a material effect on the Company’s current financial position, results of operations or financial statement disclosures. In March 2020, the Financial Accounting Standards Board issued ASU 2020-03, “Codification Improvements to Financial Instruments” (“ASU 2020-03”). ASU 2020-03 improves and clarifies various financial instruments topics. ASU 2020-03 includes seven different issues that describe the areas of improvement and the related amendments to GAAP, intended to make the standards easier to understand and apply by eliminating inconsistencies and providing clarifications. The Company adopted ASU 2020-03 upon issuance, which did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures. In March 2020, the Financial Accounting Standards Board issued ASU No 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”). ASU 2020-04 provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. ASU 2020-04 is effective beginning on March 12, 2020, and the Company may elect to apply the amendments prospectively through December 31, 2022. The Company does not expect ASU 2020-04 to have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.
Fair Value Measurement	The fair value of financial instruments is determined by reference to various market data and other valuation techniques, as appropriate. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. The three fair value levels are (from highest to lowest): Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data.

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020		2019		2020		2019
Numerator:
Net income	$	15,062	$	34,761	$	73,853	$	110,464



Denominator:
Weighted-average common shares for calculating basic earnings per share	41,440		42,957		41,597		43,183
Effect of dilutive securities:
Stock options and restricted stock unit awards	96		210		94		175
Weighted-average common shares for calculating diluted earnings per share	41,536		43,167		41,691		43,358

Earnings per share:
Basic	$	0.36	$	0.81	$	1.78	$	2.56
Diluted	$	0.36	$	0.81	$	1.77	$	2.55

Operating Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of Lease Expense and Supplemental Cash Flow Information

The following table details the components of lease expense included in store operating expenses in the consolidated statements of income during the three and nine months ended September 30, 2020 and 2019 (in thousands):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020		2019		2020		2019
Operating lease expense	$	30,038	$	31,083	$	90,673	$	93,355
Variable lease expense ⁽¹⁾	3,656		2,860		10,604		7,114
Total operating lease expense	$	33,694	$	33,943	$	101,277	$	100,469

The following table details supplemental cash flow information related to operating leases for the nine months ended September 30, 2020 and 2019 (in thousands):


	Nine Months Ended
	September 30,
	2020		2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	82,473	$	87,509
Leased assets obtained in exchange for new operating lease liabilities	$	81,151	$	43,616

Schedule of Maturity of Lease Liabilities

The following table details the maturity of lease liabilities for all operating leases as of September 30, 2020 (in thousands):


Three months ending December 31, 2020	$	27,118
2021	96,255
2022	74,028
2023	54,502
2024	32,970
Thereafter	30,471
Total	$	315,344
Less amount of lease payments representing interest	(42,162)
Total present value of lease payments	$	273,182

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table details the Company’s long-term debt at the respective principal amounts, net of unamortized debt issuance costs on the senior unsecured notes (in thousands):


	As of September 30,						As of December 31,
	2020		2019		2019
Revolving unsecured credit facility, maturing 2024 ⁽¹⁾	$	40,000	$	340,000	$	335,000

5.375% senior unsecured notes due 2024 ⁽²⁾	—		296,394		296,568
4.625% senior unsecured notes due 2028 ⁽³⁾	492,775		—		—

Total long-term debt	$	532,775	$	636,394	$	631,568

⁽¹⁾Debt issuance costs related to the Company’s revolving unsecured credit facilities are included in other assets in the accompanying consolidated balance sheets.

(3) As of September 30, 2020, deferred debt issuance costs of $7.2 million are included as a direct deduction from the carrying amount of the senior unsecured notes due 2028 in the accompanying consolidated balance sheets.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value by Balance Sheet Grouping


	Carrying Value		Estimated Fair Value
	September 30,		September 30,		Fair Value Measurements Using
	2020		2020		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	78,844	$	78,844	$	78,844	$	—	$	—
Fees and service charges receivable	36,423		36,423		—		—		36,423
Pawn loans	270,619		270,619		—		—		270,619

	$	385,886	$	385,886	$	78,844	$	—	$	307,042

Financial liabilities:
Revolving unsecured credit facilities	$	40,000	$	40,000	$	—	$	40,000	$	—
Senior unsecured notes (outstanding principal)	500,000		508,000		—		508,000		—
	$	540,000	$	548,000	$	—	$	548,000	$	—


	Carrying Value		Estimated Fair Value
	September 30,		September 30,		Fair Value Measurements Using
	2019		2019		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	61,183	$	61,183	$	61,183	$	—	$	—
Fees and service charges receivable	48,587		48,587		—		—		48,587
Pawn loans	385,907		385,907		—		—		385,907
Consumer loans, net	895		895		—		—		895
	$	496,572	$	496,572	$	61,183	$	—	$	435,389

Financial liabilities:
Revolving unsecured credit facility	$	340,000	$	340,000	$	—	$	340,000	$	—
Senior unsecured notes (outstanding principal)	300,000		309,000		—		309,000		—
	$	640,000	$	649,000	$	—	$	649,000	$	—


	Carrying Value		Estimated Fair Value
	December 31,		December 31,		Fair Value Measurements Using
	2019		2019		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	46,527	$	46,527	$	46,527	$	—	$	—
Fees and service charges receivable	46,686		46,686		—		—		46,686
Pawn loans	369,527		369,527		—		—		369,527
Consumer loans, net	751		751		—		—		751
	$	463,491	$	463,491	$	46,527	$	—	$	416,964

Financial liabilities:
Revolving unsecured credit facility	$	335,000	$	335,000	$	—	$	335,000	$	—
Senior unsecured notes (outstanding principal)	300,000		310,000		—		310,000		—
	$	635,000	$	645,000	$	—	$	645,000	$	—

Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020 and 2019 (in thousands):


	Three Months Ended September 30, 2020
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	151,618	$	83,364	$	—	$	234,982
Pawn loan fees	66,180		33,390		—		99,570
Wholesale scrap jewelry sales	12,692		12,589		—		25,281
Consumer loan and credit services fees	57		—		—		57
Total revenue	230,547		129,343		—		359,890

Cost of revenue:
Cost of retail merchandise sold	84,673		52,557		—		137,230
Cost of wholesale scrap jewelry sold	10,316		9,502		—		19,818
Consumer loan and credit services loss provision	104		—		—		104
Total cost of revenue	95,093		62,059		—		157,152

Net revenue	135,454		67,284		—		202,738

Expenses and other income:
Store operating expenses	92,678		39,383		—		132,061
Administrative expenses	—		—		24,354		24,354
Depreciation and amortization	5,390		3,903		1,133		10,426
Interest expense	—		—		6,561		6,561
Interest income	—		—		(499)		(499)
Merger and other acquisition expenses	—		—		7		7
Gain on foreign exchange	—		—		(432)		(432)
Loss on extinguishment of debt	—		—		11,737		11,737
Write-offs and impairments of certain lease intangibles and other assets	—		—		837		837
Total expenses and other income	98,068		43,286		43,698		185,052

Income (loss) before income taxes	$	37,386	$	23,998	$	(43,698)	$	17,686


	Three Months Ended September 30, 2019
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	168,092	$	113,266	$	—	$	281,358
Pawn loan fees	95,125		47,754		—		142,879
Wholesale scrap jewelry sales	18,369		7,292		—		25,661
Consumer loan and credit services fees	2,561		—		—		2,561
Total revenue	284,147		168,312		—		452,459

Cost of revenue:
Cost of retail merchandise sold	103,728		74,869		—		178,597
Cost of wholesale scrap jewelry sold	16,217		6,443		—		22,660
Consumer loan and credit services loss provision	223		—		—		223
Total cost of revenue	120,168		81,312		—		201,480

Net revenue	163,979		87,000		—		250,979

Expenses and other income:
Store operating expenses	103,315		46,504		—		149,819
Administrative expenses	—		—		30,576		30,576
Depreciation and amortization	5,213		3,795		1,666		10,674
Interest expense	—		—		8,922		8,922
Interest income	—		—		(429)		(429)
Merger and other acquisition expenses	—		—		805		805
Loss on foreign exchange	—		—		1,648		1,648


Total expenses and other income	108,528		50,299		43,188		202,015

Income (loss) before income taxes	$	55,451	$	36,701	$	(43,188)	$	48,964


	Nine Months Ended September 30, 2020
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	556,528	$	262,483	$	—	$	819,011
Pawn loan fees	235,937		107,738		—		343,675
Wholesale scrap jewelry sales	37,727		36,710		—		74,437
Consumer loan and credit services fees	2,003		—		—		2,003
Total revenue	832,195		406,931		—		1,239,126

Cost of revenue:
Cost of retail merchandise sold	325,863		167,573		—		493,436
Cost of wholesale scrap jewelry sold	32,754		28,268		—		61,022
Consumer loan and credit services loss provision	(480)		—		—		(480)
Total cost of revenue	358,137		195,841		—		553,978

Net revenue	474,058		211,090		—		685,148

Expenses and other income:
Store operating expenses	303,686		122,926		—		426,612
Administrative expenses	—		—		85,642		85,642
Depreciation and amortization	16,352		11,568		3,504		31,424
Interest expense	—		—		21,953		21,953
Interest income	—		—		(1,209)		(1,209)
Merger and other acquisition expenses	—		—		209		209
Loss on foreign exchange	—		—		1,639		1,639
Loss on extinguishment of debt	—		—		11,737		11,737
Write-offs and impairments of certain lease intangibles and other assets	—		—		6,549		6,549
Total expenses and other income	320,038		134,494		130,024		584,556

Income (loss) before income taxes	$	154,020	$	76,596	$	(130,024)	$	100,592


	Nine Months Ended September 30, 2019
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	523,825	$	320,528	$	—	$	844,353
Pawn loan fees	283,127		137,867		—		420,994
Wholesale scrap jewelry sales	56,942		25,410		—		82,352
Consumer loan and credit services fees	18,378		—		—		18,378
Total revenue	882,272		483,805		—		1,366,077

Cost of revenue:
Cost of retail merchandise sold	326,134		208,084		—		534,218
Cost of wholesale scrap jewelry sold	52,340		24,607		—		76,947
Consumer loan and credit services loss provision	3,829		—		—		3,829
Total cost of revenue	382,303		232,691		—		614,994

Net revenue	499,969		251,114		—		751,083

Expenses and other income:
Store operating expenses	310,208		134,810		—		445,018
Administrative expenses	—		—		94,426		94,426
Depreciation and amortization	15,527		10,679		4,852		31,058
Interest expense	—		—		25,840		25,840
Interest income	—		—		(788)		(788)
Merger and other acquisition expenses	—		—		1,510		1,510
Loss on foreign exchange	—		—		926		926


Total expenses and other income	325,735		145,489		126,766		597,990

Income (loss) before income taxes	$	174,234	$	105,625	$	(126,766)	$	153,093

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 15,062	$ 25,873	$ 32,918	$ 34,761	$ 33,048	$ 42,655	$ 73,853	$ 110,464
Denominator:
Weighted-average common shares for calculating basic earnings per share (shares)	41,440			42,957			41,597	43,183
Stock options and nonvested stock awards (shares)	96			210			94	175
Weighted-average common shares for calculating diluted earnings per share (shares)	41,536			43,167			41,691	43,358
Earnings per share:
Basic (USD per share)	$ 0.36			$ 0.81			$ 1.78	$ 2.56
Diluted (USD per share)	$ 0.36			$ 0.81			$ 1.77	$ 2.55

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1448-109256

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=120380238&loc=d3e4984-109258

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120380238&loc=d3e3842-109258

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1252-109256

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=120380238&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120380238&loc=d3e3842-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1337-109256

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Acquisitions - Narrative (Details) - Mexico $ in Millions	9 Months Ended
Acquisitions - Narrative (Details) - Mexico $ in Millions	Sep. 30, 2020 USD ($) store acquisition
Entity Location [Line Items]
Number of stores acquired \| store	40
Number of acquisitions \| acquisition	2
Aggregate purchase price	$ 7.2
Cash paid in aggregate purchase price	6.4
Liabilities incurred in aggregate purchase price	$ 0.8

Operating Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	4 years 1 month 6 days	3 years 10 months 24 days	4 years 1 month 6 days	3 years 10 months 24 days
Weighted average discount rate (as a percent)	7.20%	7.60%	7.20%	7.60%
Foreign Currency Transaction Gain, before Tax	$ 400			$ 49
Foreign Currency Transaction Loss, before Tax		$ (500)	$ (3,500)
Minimum
Lessee, Lease, Description [Line Items]
General term of leased facilities	3 years		3 years
Maximum
Lessee, Lease, Description [Line Items]
General term of leased facilities	5 years		5 years

Operating Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating lease expense	$ 30,038	$ 31,083	$ 90,673	$ 93,355
Variable lease expense	3,656	2,860	10,604	7,114
Total operating lease expense	$ 33,694	$ 33,943	$ 101,277	$ 100,469

Operating Leases - Lease Maturities (Details) $ in Thousands	Sep. 30, 2020 USD ($)
Leases [Abstract]
Three months ending December 31, 2020	$ 27,118
2021	96,255
2022	74,028
2023	54,502
2024	32,970
Thereafter	30,471
Total	315,344
Less amount of lease payments representing interest	(42,162)
Total present value of lease payments	$ 273,182

Operating Leases - Supplemental Cash Flow (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 82,473	$ 87,509
Leased assets obtained in exchange for new operating lease liabilities	$ 81,151	$ 43,616

Long-Term Debt - Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Aug. 26, 2020	Dec. 31, 2019	Sep. 30, 2019	May 30, 2017
Debt Instrument [Line Items]
Total long-term debt	$ 532,775		$ 631,568	$ 636,394
Deferred finance costs, net	7,200	$ 7,300	3,400	3,600
Revolving Unsecured Credit Facility due 2024 \| Line of Credit
Debt Instrument [Line Items]
Total long-term debt	40,000		335,000	340,000
5.375% senior unsecured notes due 2024 \| Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 0		296,568	296,394
Stated interest rate (as a percent)	5.375%				5.375%
4.625% Senior Unsecured Notes due 2028 [Member] \| Senior Notes
Debt Instrument [Line Items]
Total long-term debt	$ 492,775		$ 0	$ 0
Stated interest rate (as a percent)	4.625%	4.625%

Long-Term Debt - Narrative (Details)	3 Months Ended		9 Months Ended
Long-Term Debt - Narrative (Details)	Sep. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2020 MXN ($)	Aug. 26, 2020 USD ($)	Dec. 31, 2019 USD ($)	May 30, 2017 USD ($)
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	40.00%
Loss on extinguishment of debt	$ 11,737,000	$ 0	$ 11,737,000	$ 0
Repurchase/redemption premiums paid on senior unsecured notes	8,800,000		8,781,000	0
Write off of Deferred Debt Issuance Cost	2,900,000
Deferred finance costs, net	7,200,000	$ 3,600,000	7,200,000	$ 3,600,000		$ 7,300,000	$ 3,400,000
Revolving Unsecured Credit Facility due 2024 \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	500,000,000.0		500,000,000.0
Amount outstanding	40,000,000.0		40,000,000.0
Letters of credit outstanding	3,000,000.0		3,000,000.0
Remaining borrowing capacity	$ 457,000,000.0		$ 457,000,000.0
Commitment fee (as a percent)			0.50%
Interest rate at end of period (as a percent)	2.63%		2.63%		2.63%
Net proceeds			$ (295,000,000.0)
Revolving Unsecured Credit Facility due 2024 \| Line of Credit \| 30-day LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			2.50%
Revolving Unsecured Credit Facility due 2024 \| Line of Credit \| 30-day LIBOR \| Minimum
Debt Instrument [Line Items]
Stated interest rate (as a percent)	0.00%		0.00%		0.00%
Revolving Unsecured Credit Facility due 2024 \| Line of Credit \| Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.50%
Revolving Unsecured Uncommitted Credit Facility due 2023 \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 600,000,000.0
Amount outstanding					0
Remaining borrowing capacity					$ 600,000,000.0
Revolving Unsecured Uncommitted Credit Facility due 2023 \| Line of Credit \| Mexican Central Bank Interbank Equilibrium Rate (TIIE)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			2.50%
5.375% senior unsecured notes due 2024 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	5.375%		5.375%		5.375%			5.375%
Face amount								$ 300,000,000.0
Debt ratio	2.75		2.75		2.75
4.625% Senior Unsecured Notes due 2028 [Member] \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	4.625%		4.625%		4.625%	4.625%
Face amount						$ 500,000,000.0

Fair Value of Financial Instruments - Financial Assets and Liabilities Not Measured at Fair Value (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other asset impairment charges	$ 1,900
Carrying Value
Financial assets:
Cash and cash equivalents	78,844	$ 46,527	$ 61,183
Fees and service charges receivable	36,423	46,686	48,587
Total assets	385,886	463,491	496,572
Financial liabilities:
Total liabilities	540,000	635,000	640,000
Carrying Value \| Revolving unsecured credit facilities
Financial liabilities:
Debt	40,000	335,000	340,000
Carrying Value \| Senior unsecured notes (outstanding principal)
Financial liabilities:
Debt	500,000	300,000	300,000
Carrying Value \| Pawn loans
Financial assets:
Loans receivable	270,619	369,527	385,907
Carrying Value \| Consumer loans, net
Financial assets:
Loans receivable		751	895
Estimated Fair Value
Financial assets:
Cash and cash equivalents	78,844	46,527	61,183
Fees and service charges receivable	36,423	46,686	48,587
Total assets	385,886	463,491	496,572
Financial liabilities:
Total liabilities	548,000	645,000	649,000
Estimated Fair Value \| Revolving unsecured credit facilities
Financial liabilities:
Debt	40,000	335,000	340,000
Estimated Fair Value \| Senior unsecured notes (outstanding principal)
Financial liabilities:
Debt	508,000	310,000	309,000
Estimated Fair Value \| Pawn loans
Financial assets:
Loans receivable	270,619	369,527	385,907
Estimated Fair Value \| Consumer loans, net
Financial assets:
Loans receivable		751	895
Estimated Fair Value \| Level 1
Financial assets:
Cash and cash equivalents	78,844	46,527	61,183
Fees and service charges receivable	0	0	0
Total assets	78,844	46,527	61,183
Financial liabilities:
Total liabilities	0	0	0
Estimated Fair Value \| Level 1 \| Revolving unsecured credit facilities
Financial liabilities:
Debt	0	0	0
Estimated Fair Value \| Level 1 \| Senior unsecured notes (outstanding principal)
Financial liabilities:
Debt	0	0	0
Estimated Fair Value \| Level 1 \| Pawn loans
Financial assets:
Loans receivable	0	0	0
Estimated Fair Value \| Level 1 \| Consumer loans, net
Financial assets:
Loans receivable		0	0
Estimated Fair Value \| Level 2
Financial assets:
Cash and cash equivalents	0	0	0
Fees and service charges receivable	0	0	0
Total assets	0	0	0
Financial liabilities:
Total liabilities	548,000	645,000	649,000
Estimated Fair Value \| Level 2 \| Revolving unsecured credit facilities
Financial liabilities:
Debt	40,000	335,000	340,000
Estimated Fair Value \| Level 2 \| Senior unsecured notes (outstanding principal)
Financial liabilities:
Debt	508,000	310,000	309,000
Estimated Fair Value \| Level 2 \| Pawn loans
Financial assets:
Loans receivable	0	0	0
Estimated Fair Value \| Level 2 \| Consumer loans, net
Financial assets:
Loans receivable		0	0
Estimated Fair Value \| Level 3
Financial assets:
Cash and cash equivalents	0	0	0
Fees and service charges receivable	36,423	46,686	48,587
Total assets	307,042	416,964	435,389
Financial liabilities:
Total liabilities	0	0	0
Estimated Fair Value \| Level 3 \| Revolving unsecured credit facilities
Financial liabilities:
Debt	0	0	0
Estimated Fair Value \| Level 3 \| Senior unsecured notes (outstanding principal)
Financial liabilities:
Debt	0	0	0
Estimated Fair Value \| Level 3 \| Pawn loans
Financial assets:
Loans receivable	$ 270,619	369,527	385,907
Estimated Fair Value \| Level 3 \| Consumer loans, net
Financial assets:
Loans receivable		$ 751	$ 895

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details) $ in Thousands	Sep. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2020 USD ($) segment	Sep. 30, 2019 USD ($)
Schedule of Revenues from External Customers [Line Items]
Number of reportable segments \| segment			2
Revenue:
Retail merchandise sales	$ 234,982	$ 281,358	$ 819,011	$ 844,353
Pawn loan fees	99,570	142,879	343,675	420,994
Wholesale scrap jewelry sales	25,281	25,661	74,437	82,352
Consumer loan and credit services fees	57	2,561	2,003	18,378
Total revenue	359,890	452,459	1,239,126	1,366,077
Cost of revenue:
Cost of retail merchandise sold	137,230	178,597	493,436	534,218
Cost of wholesale scrap jewelry sold	19,818	22,660	61,022	76,947
Total cost of revenue	104	223	(480)	3,829
Total cost of revenue	157,152	201,480	553,978	614,994
Net revenue	202,738	250,979	685,148	751,083
Expenses and other income:
Store operating expenses	132,061	149,819	426,612	445,018
Administrative expenses	24,354	30,576	85,642	94,426
Depreciation and amortization	10,426	10,674	31,424	31,058
Interest expense	6,561	8,922	21,953	25,840
Interest income	(499)	(429)	(1,209)	(788)
Merger and other acquisition expenses	7	805	209	1,510
(Gain) loss on foreign exchange	(432)	1,648	1,639	926
Write-offs and impairments of certain lease intangibles and other assets	837	0	6,549	0
Total expenses and other income	185,052	202,015	584,556	597,990
Income (loss) before income taxes	17,686	48,964	100,592	153,093
Loss on extinguishment of debt	11,737	0	11,737	0
U.S. Operations
Revenue:
Retail merchandise sales	151,618	168,092	556,528	523,825
Pawn loan fees	66,180	95,125	235,937	283,127
Wholesale scrap jewelry sales	12,692	18,369	37,727	56,942
Consumer loan and credit services fees	57	2,561	2,003	18,378
Total revenue	230,547	284,147	832,195	882,272
Cost of revenue:
Cost of retail merchandise sold	84,673	103,728	325,863	326,134
Cost of wholesale scrap jewelry sold	10,316	16,217	32,754	52,340
Total cost of revenue	104	223	(480)	3,829
Total cost of revenue	95,093	120,168	358,137	382,303
Net revenue	135,454	163,979	474,058	499,969
Expenses and other income:
Store operating expenses	92,678	103,315	303,686	310,208
Administrative expenses	0	0	0	0
Depreciation and amortization	5,390	5,213	16,352	15,527
Interest expense	0	0	0	0
Interest income	0	0	0	0
Merger and other acquisition expenses	0	0	0	0
(Gain) loss on foreign exchange	0	0	0	0
Write-offs and impairments of certain lease intangibles and other assets	0		0
Total expenses and other income	98,068	108,528	320,038	325,735
Income (loss) before income taxes	37,386	55,451	154,020	174,234
Loss on extinguishment of debt	0		0
Latin America Operations
Revenue:
Retail merchandise sales	83,364	113,266	262,483	320,528
Pawn loan fees	33,390	47,754	107,738	137,867
Wholesale scrap jewelry sales	12,589	7,292	36,710	25,410
Consumer loan and credit services fees	0	0	0	0
Total revenue	129,343	168,312	406,931	483,805
Cost of revenue:
Cost of retail merchandise sold	52,557	74,869	167,573	208,084
Cost of wholesale scrap jewelry sold	9,502	6,443	28,268	24,607
Total cost of revenue	0	0	0	0
Total cost of revenue	62,059	81,312	195,841	232,691
Net revenue	67,284	87,000	211,090	251,114
Expenses and other income:
Store operating expenses	39,383	46,504	122,926	134,810
Administrative expenses	0	0	0	0
Depreciation and amortization	3,903	3,795	11,568	10,679
Interest expense	0	0	0	0
Interest income	0	0	0	0
Merger and other acquisition expenses	0	0	0	0
(Gain) loss on foreign exchange	0	0	0	0
Write-offs and impairments of certain lease intangibles and other assets	0		0
Total expenses and other income	43,286	50,299	134,494	145,489
Income (loss) before income taxes	23,998	36,701	76,596	105,625
Loss on extinguishment of debt	0		0
Corporate
Revenue:
Retail merchandise sales	0	0	0	0
Pawn loan fees	0	0	0	0
Wholesale scrap jewelry sales	0	0	0	0
Consumer loan and credit services fees	0	0	0	0
Total revenue	0	0	0	0
Cost of revenue:
Cost of retail merchandise sold	0	0	0	0
Cost of wholesale scrap jewelry sold	0	0	0	0
Total cost of revenue	0	0	0	0
Total cost of revenue	0	0	0	0
Net revenue	0	0	0	0
Expenses and other income:
Store operating expenses	0	0	0	0
Administrative expenses	24,354	30,576	85,642	94,426
Depreciation and amortization	1,133	1,666	3,504	4,852
Interest expense	6,561	8,922	21,953	25,840
Interest income	(499)	(429)	(1,209)	(788)
Merger and other acquisition expenses	7	805	209	1,510
(Gain) loss on foreign exchange	(432)	1,648	1,639	926
Write-offs and impairments of certain lease intangibles and other assets	837		6,549
Total expenses and other income	43,698	43,188	130,024	126,766
Income (loss) before income taxes	(43,698)	$ (43,188)	(130,024)	$ (126,766)
Loss on extinguishment of debt	$ 11,737		$ 11,737