0000840489-21-000028 | 10-K | XBRL Viewer

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COVER PAGE - USD ($)	12 Months Ended
COVER PAGE - USD ($)	Dec. 31, 2020	Jan. 27, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 2,420,000,000
Entity Common Stock, Shares Outstanding		41,038,154
Entity Central Index Key	0000840489
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 65,850	$ 46,527
Fees and service charges receivable	41,110	46,686
Pawn loans	308,231	369,527
Consumer loans, net	0	751
Inventories	190,352	265,256
Income taxes receivable	9,634	875
Prepaid expenses and other current assets	9,388	11,367
Total current assets	624,565	740,989
Property and equipment, net	373,667	336,167
Operating lease right of use asset	298,957	304,549
Goodwill	977,381	948,643
Intangible assets, net	83,651	85,875
Other assets	9,818	11,506
Deferred tax assets	4,158	11,711
Total assets	2,372,197	2,439,440
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities	81,917	72,398
Income taxes payable	1,148	4,302
Lease liability, current	88,622	86,466
Total current liabilities	206,406	202,902
Revolving unsecured credit facilities	123,000	335,000
Senior unsecured notes	492,916	296,568
Deferred tax liabilities	71,173	61,431
Lease liability, non-current	194,887	193,504
Total liabilities	1,088,382	1,089,405
Commitments and contingencies (Note 11)
Stockholders’ equity:
Common stock; $0.01 par value; 90,000 shares authorized; 49,276 and 49,276 shares issued, respectively; 43,603 and 46,914 shares outstanding, respectively	493	493
Additional paid-in capital	1,221,788	1,231,528
Retained earnings	789,303	727,476
Accumulated other comprehensive loss	(118,432)	(96,969)
Common stock held in treasury, 8,238 and 6,947 shares at cost, respectively	(609,337)	(512,493)
Total stockholders’ equity	1,283,815	1,350,035
Total liabilities and stockholders’ equity	$ 2,372,197	$ 2,439,440
Vesting period for company contributions	5 years
Common Stock, Par or Stated Value Per Share	$ 0.01
Common Stock, Shares Authorized	90,000,000
Common Stock, Shares, Issued	49,276,000	49,276,000
Contract with Customer, Liability, Current	$ 34,719	$ 39,736

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.01
Common Stock, Shares Authorized	90,000,000
Common Stock, Shares, Issued	49,276,000	49,276,000
Common Stock, Shares, Outstanding	41,038,000	42,329,000
Treasury Stock, Shares	8,238,000	6,947,000

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue:
Retail merchandise sales										$ 1,075,518	$ 1,175,561	$ 1,091,614
Pawn loan fees										457,517	564,824	525,146
Wholesale scrap jewelry sales										96,233	103,876	107,821
Consumer loan and credit services fees										2,016	20,178	56,277
Total revenue	$ 392,158	$ 359,890	$ 412,746	$ 466,490	$ 498,362	$ 452,459	$ 446,014	$ 467,604		1,631,284	1,864,439	1,780,858
Cost of revenue:
Cost of retail merchandise sold										641,087	745,861	696,666
Cost of wholesale scrap jewelry sold										79,546	96,072	99,964
Total cost of revenue	166,167	157,152	189,645	207,181	231,098	201,480	201,709	211,805		720,145	846,092	814,091
Net revenue	225,991	202,738	223,101	259,309	267,264	250,979	244,305	255,799		911,139	1,018,347	966,767
Expenses and other income:
Store operating expenses										562,158	595,539	563,321
Administrative expenses										110,931	122,334	120,042
Depreciation and amortization										42,105	41,904	42,961
Interest expense										29,344	34,035	29,173
Interest income										(1,540)	(1,055)	(2,444)
Merger and acquisition expenses										1,316	1,766	7,643
Loss (gain) on foreign exchange										884	(787)	762
Loss on extinguishment of debt										11,737	0	0
Asset Impairment Charges									$ 1,500	10,505	0	0
Total expenses and other income	182,884	185,052	185,912	213,592	195,746	202,015	199,019	196,956		767,440	793,736	761,458
Income before income taxes										143,699	224,611	205,309
Provision for income taxes										37,120	59,993	52,103
Net income	$ 32,726	$ 15,062	$ 25,873	$ 32,918	$ 54,154	$ 34,761	$ 33,048	$ 42,655		$ 106,579	$ 164,618	$ 153,206
Earnings per share:
Basic (in dollars per share)										$ 2.57	$ 3.83	$ 3.42
Diluted (in dollars per share	$ 0.79	$ 0.36	$ 0.62	$ 0.78	$ 1.27	$ 0.81	$ 0.76	$ 0.98		$ 2.56	$ 3.81	$ 3.41
Provision for Loan and Lease Losses										$ (488)	$ 4,159	$ 17,461

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 106,579	$ 164,618	$ 153,206
Other comprehensive income:
Currency translation adjustment	(21,463)	16,148	(1,240)
Comprehensive income	$ 85,116	$ 180,766	$ 151,966

- Definition

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

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+ Details

CONSOLIDATED STATEMENTS OF 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, 2017		49,276				2,362
Balance at beginning of period (value) at Dec. 31, 2017	$ 1,475,333	$ 493	$ 1,220,356	$ 494,457	$ (111,877)	$ (128,096)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under share-based compensation (shares)		0				(22)
Shares issued under share-based compensation (value)	0	$ 0	(1,240)			$ 1,240
Exercise of stock options, net of shares net-settled (shares)		0				(10)
Exercise of stock options, net of shares net-settled (value)	400	$ 0	(294)			$ 694
Share-based compensation expense (value)	5,786		5,786
Net income	153,206			153,206
Dividends paid	(40,853)			(40,853)
Currency translation adjustment	(1,240)				(1,240)
Repurchases of treasury stock (shares)						3,343
Repurchases of treasury stock (value)	(274,528)					$ (274,528)
Balance at end of period (shares) at Dec. 31, 2018		49,276				5,673
Balance at end of period (value) 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 (shares)		0				(21)
Shares issued under share-based compensation (value)	0	$ 0	(1,441)			$ 1,441
Exercise of stock options, net of shares net-settled (shares)						(10)
Exercise of stock options, net of shares net-settled (value)	400		(319)			$ 719
Share-based compensation expense (value)	8,680		8,680
Net income	164,618			164,618
Dividends paid	(43,952)			(43,952)
Currency translation adjustment	16,148				16,148
Repurchases of treasury stock (shares)						1,305
Repurchases of treasury stock (value)	(113,963)					$ (113,963)
Balance at end of period (shares) at Dec. 31, 2019		49,276				6,947
Balance at end of period (value) 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 (shares)						(98)
Shares issued under share-based compensation (value)	(3,326)		(10,663)			$ 7,337
Exercise of stock options, net of shares net-settled (shares)						(38)
Exercise of stock options, net of shares net-settled (value)	798		(1,991)			$ 2,789
Share-based compensation expense (value)	2,914		2,914
Net income	106,579			106,579
Dividends paid	(44,752)			(44,752)
Currency translation adjustment	(21,463)				(21,463)
Repurchases of treasury stock (shares)						1,427
Repurchases of treasury stock (value)	(106,970)					$ (106,970)
Balance at end of period (shares) at Dec. 31, 2020		49,276				8,238
Balance at end of period (value) at Dec. 31, 2020	$ 1,283,815	$ 493	$ 1,221,788	$ 789,303	$ (118,432)	$ (609,337)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	46
Exercise of stock options, net of 22 shares net-settled	22

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Common stock, dividends, declared (in dollars per share)	$ 1.08	$ 1.02	$ 0.91

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

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Cash flow from operating activities:

Net income

$ 106,579

$ 164,618

$ 153,206

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

Non-cash portion of consumer loan credit loss provision

(839)

2,395

9,405

Share-based compensation expense

2,914

8,680

5,786

Depreciation and amortization expense

42,105

41,904

42,961

Amortization of debt issuance costs

1,649

1,430

1,920

Amortization of favorable/(unfavorable) lease intangibles, net

(259)

Loss on extinguishment of debt

11,737

Other Asset Impairment Charges

10,505

1,514

Deferred income taxes, net

14,476

7,008

7,427

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

Fees and service charges receivable

5,474

110

(432)

Inventories purchased directly from customers, wholesalers or manufacturers

29,174

5,842

3,321

Prepaid expenses and other assets

1,400

(1,049)

681

Accounts payable, accrued liabilities and other liabilities

8,621

(3,383)

3,077

Income taxes

(11,531)

4,041

14,822

Net cash flow provided by operating activities

222,264

231,596

243,429

Cash flow from investing activities:

Loan receivables, net (1)

^[1]

107,008

34,406

10,125

Purchases of furniture, fixtures, equipment and improvements

(37,543)

(44,311)

(35,677)

Purchases of store real property

(45,502)

(74,661)

(19,996)

Acquisitions of pawn stores, net of cash acquired

(44,315)

(52,487)

(113,699)

Net cash flow used in investing activities

(20,352)

(137,053)

(159,247)

Cash flow from financing activities:

Borrowings from unsecured credit facilities

354,425

257,000

416,000

Repayments of unsecured credit facilities

(569,933)

(217,000)

(228,000)

Issuance of senior unsecured notes due 2028

500,000

Redemption of senior unsecured notes due 2024

(300,000)

Redemption premium and other redemption costs on senior unsecured notes due 2024

(8,781)

Debt issuance costs paid

(7,963)

(1,149)

(948)

Purchases of treasury stock

(106,970)

(116,105)

(273,660)

Proceeds from exercise of stock options

1,140

400

Payment of minimum withholding taxes on net share settlement of stock options exercised

(3,668)

Dividends paid

(44,752)

(43,952)

(40,853)

Net cash flow used in financing activities

(186,502)

(120,806)

(127,061)

Effect of exchange rates on cash

3,913

997

249

Change in cash and cash equivalents

19,323

(25,266)

(42,630)

Cash and cash equivalents at beginning of the year

46,527

71,793

114,423

Cash and cash equivalents at end of the year

65,850

46,527

71,793

Supplemental disclosure of cash flow information:

Interest

21,033

32,680

27,121

Income taxes

34,186

48,867

29,597

Supplemental disclosure of non-cash investing and financing activity:

Non-cash transactions in connection with pawn loans settled through forfeitures of collateral transferred to inventories

$ 340,891

$ 500,744

$ 492,743

[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.

Organization and Nature of the Company	12 Months Ended
Organization and Nature of the Company	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of the Company	GENERAL Organization and Nature of the Company FirstCash, Inc., (together with its wholly-owned subsidiaries, the “Company”) is incorporated in the state of Delaware. The Company is engaged in the operation of pawn stores, which generate retail sales primarily from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers. In addition, the stores help customers meet small short-term cash needs by providing non-recourse pawn loans and buying merchandise directly from customers. As of December 31, 2020, the Company owned and operated 2,748 stores in 24 U.S. states and the District of Columbia, all 32 states in Mexico and the countries of Guatemala,Colombia and El Salvador. Effective June 30, 2020, the Company ceased offering domestic payday and installment loans and no longer has any unsecured consumer lending or credit services operations in the U.S. or Latin America. 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. During the end of the first quarter of 2020 and the first part of 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. Further impacting consumer liquidity in the U.S. during the second quarter were federal stimulus payments, forbearance programs and enhanced unemployment benefits. While there were limited government stimulus programs in Latin America in response to the pandemic, increased cross-border remittance payments from the U.S. to many Latin American countries further impacted Latin America consumer liquidity during the second quarter. The additional consumer liquidity resulted in a significant decline in pawn lending activities, including increased redemptions of existing loans and decreased originations of new loans. Pawn loans as of June 30, 2020 were 39% lower than the prior year, before beginning to recover. The recovery in pawn loans continued throughout the third and fourth quarters, although pawn loan balances as of December 31, 2020 were still lower than prior-year balances. Resulting pawn loan fees were negatively impacted during the second, third and fourth quarters of 2020 as a result of the lower pawn loan balances. In general, in most jurisdictions where the Company has stores, pawnshops were designated an essential service by federal guidelines and/or local regulations and were allowed to remain open during the broad shutdowns in response to COVID-19. As a result, retail sales in the U.S. during the second quarter increased 24% compared to the prior-year quarter, benefiting from strong demand for stay-at-home products, such as consumer electronics, tools and sporting goods, and were further enhanced by federal stimulus payments made directly to consumers in the U.S. Although the Company experienced strong demand in Latin America for stay-at-home products, retail sales were negatively impacted by a regulatory prohibition of retail transactions enacted in Mexico during the last three weeks of May and the closure of all stores in Colombia and El Salvador during much of the second quarter due to broad government shutdowns. As a result of the significant second quarter increase in retail sales in the U.S. and less forfeited inventory from lower pawn receivable balances, inventory balances were negatively impacted and decreased 32% at June 30, 2020 compared to the prior year-quarter. The lower inventory balances and the lack of government stimulus and a more limited economic recovery in Latin America during the second half of 2020 compared to the U.S. negatively impacted retail sales during the third and fourth quarters but was offset by an increase in retail sales margin, which was primarily a result of continued retail demand for value-priced pre-owned merchandise, increased buying of merchandise directly from customers and lower levels of aged inventory, all of which limited the need for normal discounting. In addition, the economic global uncertainty resulting from COVID-19 has resulted in increased currency volatility, which caused 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.

Operating Leases

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Operating Leases

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 December 31, 2020 and 2019 was 4.0 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 December 31, 2020 and 2019 was 7.0% and 7.8%, 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 loss of $1.2 million and gain of $0.9 million during the year ended December 31, 2020 and 2019, respectively, related to the remeasurement of these U.S. dollar denominated operating leases, which is included in loss (gain) on foreign exchange in the accompanying consolidated statements of income.

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 year ended December 31, 2020 and 2019 (in thousands):


	Year Ended December 31,
	2020		2019
Operating lease expense	$	121,649	$	124,082
Variable lease expense (1)	14,444		7,775
Total operating lease expense	$	136,093	$	131,857

(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 December 31, 2020 (in thousands):


2021	$	104,951
2022	82,580
2023	62,245
2024	39,501
2025	15,549
Thereafter	20,526
Total	$	325,352
Less amount of lease payments representing interest	(41,843)
Total present value of lease payments	$	283,509

The following table details supplemental cash flow information related to operating leases for the year ended December 31, 2020 and 2019 (in thousands):


	Year Ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	110,965	$	116,448
Leased assets obtained in exchange for new operating lease liabilities	$	104,576	$	71,117

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed in the preparation of these financial statements:

Principles of consolidation - The accompanying consolidated financial statements include the accounts of FirstCash, Inc. and its wholly-owned subsidiaries. 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. See Note 3.

Cash and cash equivalents - The Company considers any highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents. As of December 31, 2020, the amount of cash associated with indefinitely reinvested foreign earnings was $28.3 million, which is primarily held in Mexican pesos.

Pawn loans and revenue recognition - Pawn loans are secured by the customer’s pledge of tangible personal property, which the Company holds during the term of the loan. If a pawn loan defaults, the Company relies on the sale of the pawned property to recover the principal amount of an unpaid pawn loan, plus a yield on the investment, as the Company’s pawn loans are non-recourse against the customer. The customer’s creditworthiness does not affect the Company’s financial position or results of operations. The Company accrues pawn loan fee revenue on a constant-yield basis over the life of the pawn loan for all pawns for which the Company deems collection to be probable based on historical pawn redemption statistics. If the pawn loan is not repaid prior to the expiration of the loan term, including any extension or grace period, if applicable, the principal amount loaned becomes the inventory carrying value of the forfeited collateral, which is typically recovered through sales of the forfeited items at prices well above the carrying value. The Company has determined no allowance related to credit losses on pawn loans is required, as the fair value of the pledged collateral is significantly in excess of the pawn loan amount.

Inventories and merchandise sales revenue recognition - Inventories represent merchandise acquired from forfeited pawn loans and merchandise purchased directly from the general public. The Company also retails limited quantities of new or refurbished merchandise obtained directly from wholesalers and manufacturers. Inventories from forfeited pawn loans are recorded at the amount of the pawn principal on the unredeemed goods, exclusive of accrued interest. Inventories purchased directly from customers, wholesalers and manufacturers are recorded at cost. The cost of inventories is determined on the specific identification method. Inventories are stated at the lower of cost or net realizable value and, accordingly, inventory valuation allowances are established if inventory carrying values are in excess of estimated selling prices, net of direct costs of disposal. Management has evaluated inventories and determined that a valuation allowance is not necessary.

The Company’s pawn merchandise sales are primarily retail sales to the general public in its pawn stores. The Company records sales revenue at the time of the sale. The Company presents merchandise sales net of any sales or value-added taxes collected. Some jewelry inventory is melted and processed at third-party facilities and the precious metal and diamond content is sold at either prevailing market commodity prices or a previously agreed upon price with a commodity buyer. The Company records revenue from these wholesale scrap jewelry transactions when a price has been agreed upon and the Company ships the commodity to the buyer.

Layaway plan and deferred revenue - The Company does not provide direct financing to customers for the purchase of its merchandise, but does permit its customers to purchase merchandise on an interest-free “layaway” plan. Should the customer fail to make a required payment pursuant to a layaway plan, the item is returned to inventory and all or a portion of previous payments are typically forfeited to the Company. Deposits and interim payments from customers on layaway sales are recorded as deferred revenue and subsequently recorded as retail merchandise sales revenue when the merchandise is delivered to the customer upon receipt of final payment or when previous payments are forfeited to the Company. Layaway payments from customers are included in customer deposits in the accompanying consolidated balance sheets.

exchange for monetary assets and liabilities and historical rates of exchange for non-monetary assets and liabilities. Gains and losses from remeasurement of dollar-denominated monetary assets and liabilities in Mexico, Guatemala and Colombia are included in (gain) loss on foreign exchange in the consolidated statements of income. Deferred taxes are not currently recorded on cumulative foreign currency translation adjustments as the Company indefinitely reinvests earnings of its foreign subsidiaries. The Company also has operations in El Salvador where the reporting and functional currency is the U.S. dollar.

The average value of the Mexican peso to the U.S. dollar exchange rate for 2020 was 21.5 to 1, compared to 19.3 to 1 in 2019 and 19.2 to 1 in 2018. The average value of the Guatemalan quetzal to the U.S. dollar exchange rate for 2020 was 7.7 to 1, compared to 7.7 to 1 in 2019 and 7.5 to 1 in 2018. The average value of the Colombian peso to the U.S. dollar exchange rate for 2020 was 3,693 to 1, compared to 3,280 to 1 in 2019 and 2,956 to 1 in 2018.

Store operating expenses - Costs incurred in operating the Company’s stores have been classified as store operating expenses. Operating expenses include salary and benefit expense of store-level employees, occupancy costs, bank charges, security, insurance, utilities, supplies and other costs incurred by the stores.

Property and equipment - Property and equipment are recorded at cost. Depreciation is recorded on the straight-line method generally based on estimated useful lives of 30 to 40 years for buildings and three to five years for furniture, fixtures and equipment. The costs of improvements on leased stores are capitalized as leasehold improvements and are depreciated using the straight-line method over the applicable lease period, or useful life, if shorter. Maintenance and repairs are charged to expense as incurred and renewals and betterments are charged to the appropriate property and equipment accounts. Upon sale or retirement of depreciable assets, the cost and related accumulated depreciation is removed from the accounts, and the resulting gain or loss is included in the results of operations in the period the assets are sold or retired.

Goodwill and other indefinite-lived intangible assets - Goodwill represents the excess of the purchase price over the fair value of the net assets acquired in each business combination. The Company performs its goodwill impairment assessment annually as of December 31, and between annual assessments if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company’s reporting units, which are tested for impairment, are U.S. operations and Latin America operations. The Company assesses goodwill for impairment at a reporting unit level by first assessing a range of qualitative factors, including, but not limited to, macroeconomic conditions, industry conditions, the competitive environment, changes in the market for the Company’s products and services, regulatory and political developments, entity specific factors, such as strategy and changes in key personnel, and overall financial performance. If, after completing this assessment, it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying value, the Company proceeds to the impairment testing methodology. See Note 12.

The Company’s other material indefinite-lived intangible assets consist of trade names and pawn licenses. The Company performs its indefinite-lived intangible asset impairment assessment annually as of December 31, and between annual assessments if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. See Note 12.

Merger and acquisition expenses - The Company incurs incremental costs directly associated with merger and acquisition activity, including, but not limited to, professional fees, legal expenses, severance, retention and other employee-related costs, contract breakage costs and costs related to consolidation of technology systems and corporate facilities. The Company presents merger and acquisition expenses separately in the consolidated statements of income to identify these incremental activities apart from the expenses incurred to operate the business.

During 2020, the Company recorded a $1.9 million impairment of other assets and a $1.5 million impairment of property and equipment, and during 2018, the Company recorded a $1.5 million impairment of property and equipment. The Company did not record any impairment loss for the year ended December 31, 2019.

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. All fair value measurements related to acquisitions are level 3, non-recurring measurements, based on unobservable inputs. Unless otherwise disclosed, the fair values of financial instruments approximate their recorded values, due primarily to their short-term nature. See Note 6.

Income taxes - The Company uses the asset and liability method of computing deferred income taxes on all material temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. See Note 10.

Advertising - The Company expenses the costs of advertising the first time the advertising takes place. Advertising expense for the years ended December 31, 2020, 2019 and 2018, was $1.1 million, $1.2 million, and $1.4 million, respectively.

Forward sales commitments - The Company periodically uses forward sale agreements with a major gold bullion bank to sell a portion of the expected amount of scrap gold, which is typically jewelry that is broken or of low retail value, produced in the normal course of business from its liquidation of such merchandise. These commitments qualify for an exemption from derivative accounting as normal sales, based on historical terms, conditions and quantities, and are therefore not recorded on the Company's balance sheet.

Earnings per share - Basic earnings per share is computed by dividing net income by the weighted-average number of shares outstanding during the year. Diluted earnings per share is calculated by giving effect to the potential dilution that could occur if securities or other contracts to issue common shares were exercised and converted into common shares during the year.

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


	Year Ended December 31,
	2020		2019		2018
Numerator:
Net income	$	106,579	$	164,618	$	153,206

Denominator:
Weighted-average common shares for calculating basic earnings per share	41,502		43,020		44,777
Effect of dilutive securities:
Stock options and restricted stock unit awards	98		188		107
Weighted-average common shares for calculating diluted earnings per share	41,600		43,208		44,884

Earnings per share:
Basic	$	2.57	$	3.83	$	3.42
Diluted	2.56		3.81		3.41

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.

Reclassification - Certain amounts in the Notes to Consolidated Financial Statements for the years ended December 31, 2019 and 2018 have been reclassified in order to conform to the 2020 presentation.

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 the 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 effect on the Company’s current financial position, results of operations or financial statement disclosures.

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.

In October 2020, the Financial Accounting Standards Board issued ASU No 2020-10, “Codification Improvements” (“ASU 2020-10”). ASU 2020-10 updates various codification topics by clarifying or improving disclosure requirements. ASU 2020-10 is effective for public entities for fiscal years beginning after December 15, 2020, with early adoption permitted. The Company adopted ASU 2020-10 upon issuance, which did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.

Acquisitions

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Acquisitions

ACQUISITIONS

2020 Acquisitions

Consistent with the Company’s strategy to continue its expansion of pawn stores in selected markets, during 2020, the Company acquired 40 pawn stores in Mexico in two separate transactions and 22 pawn stores in the U.S. in two separate transactions. The aggregate purchase price for these acquisitions totaled $43.6 million, net of cash acquired and subject to future post-closing adjustments. The aggregate purchase price was composed of $41.4 million in cash paid during 2020 and remaining short-term amounts payable to the sellers of approximately $2.2 million. During 2020, the Company also paid $2.9 million of purchase price amounts payable related to prior-year acquisitions.

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.

The estimated fair value of the assets acquired and liabilities assumed are preliminary, as the Company is gathering information to finalize the valuation of these assets and liabilities. The preliminary allocation of the aggregate purchase prices for these individually immaterial acquisitions during 2020 is as follows (in thousands):


Pawn loans	$	5,839
Pawn loan fees receivable	644

Inventories	3,594
Other current assets	154
Property and equipment	241
Goodwill (1)	33,434
Intangible assets	190
Other non-current assets	40
Current liabilities	(547)


Aggregate purchase price	$	43,589

(1)Goodwill associated with the U.S. operations segment and the Latin America operations segment was $29.0 million and $4.5 million, respectively. Substantially all of the goodwill is expected to be deductible for respective U.S. and Mexico income tax purposes.

The results of operations for the acquired stores have been consolidated since the respective acquisition dates. During 2020, revenue from the acquired stores was $7.5 million and the earnings from the combined acquisitions since the acquisition dates (including $1.0 million of transaction and integration costs, net of tax) was approximately $0.3 million.

Historical pre-acquisition financial statements of the two separate Mexico acquisitions were created in local country GAAP and the Company did not obtain pre-acquisition financial statements prepared in accordance with U.S. GAAP. As a result, and due to the insignificance of the acquisitions, it is impractical for the Company to adequately present supplemental pro forma information.

2019 Acquisitions

During 2019, the Company acquired 163 pawn stores in Mexico in 13 separate transactions and 27 pawn stores in the U.S. in nine separate transactions. The aggregate purchase price for these acquisitions totaled $46.8 million, net of cash acquired. The aggregate purchase price was composed of $44.9 million in cash paid during 2019 and remaining short-term amounts payable to the sellers of approximately $1.9 million.

Stockholders' Equity

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Capital Stock

STOCKHOLDERS' EQUITY

During 2020, the Company repurchased a total of 1,427,000 shares of common stock at an aggregate cost of $107.0 million and an average cost per share of $74.96, and during 2019, repurchased 1,305,000 shares of common stock at an aggregate cost of $114.0 million and an average cost per share of $87.37. The Company intends to continue repurchases under its active share repurchase program through open market transactions under trading plans in accordance with Rule 10b5-1 and Rule 10b-18 under the Exchange Act of 1934, as amended, subject to a variety of factors, including, but not limited to, the level of cash balances, credit availability, debt covenant restrictions, general business conditions, regulatory requirements, the market price of the Company’s stock, dividend policy, the availability of alternative investment opportunities, including acquisitions, and the impact of COVID-19.

The following table provides purchases made by the Company of shares of its common stock under each share repurchase program in effect during 2020 (dollars in thousands):


Plan Authorization Date	Plan Completion Date	Dollar Amount Authorized		Shares Purchased in 2020	Dollar Amount Purchased in 2020		Remaining Dollar Amount Authorized For Future Purchases
October 24, 2018	January 30, 2020	$	100,000	344,000	$	28,797	$	—
January 28, 2020	Currently active	100,000		1,083,000	78,173		21,827
Total				1,427,000	$	106,970	$	21,827

Total cash dividends paid in 2020 and 2019 were $44.8 million and $44.0 million, respectively. The declaration and payment of cash dividends in the future (quarterly or otherwise) will be made by the Board of Directors, from time to time, subject to the Company’s financial condition, results of operations, business requirements, compliance with legal requirements and debt covenant restrictions.

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

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 December 31, 2020 and 2019, the Company did not have any financial assets or liabilities that are 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 2020, the Company recorded a $1.9 million impairment of other assets and a $1.5 million impairment of property and equipment.

Financial Assets and Liabilities Not Measured at Fair Value

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


	Carrying Value		Estimated Fair Value
	December 31,		December 31,		Fair Value Measurements Using
	2020		2020		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	65,850	$	65,850	$	65,850	$	—	$	—
Fees and service charges receivable	41,110		41,110		—		—		41,110
Pawn loans	308,231		308,231		—		—		308,231

	$	415,191	$	415,191	$	65,850	$	—	$	349,341

Financial liabilities:
Revolving unsecured credit facilities	$	123,000	$	123,000	$	—	$	123,000	$	—
Senior unsecured notes (outstanding principal)	500,000		516,000		—		516,000		—
	$	623,000	$	639,000	$	—	$	639,000	$	—


	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 December 31, 2020 and 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 the Mexican Central Bank’s interbank equilibrium rate (“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

Property and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment consists of the following (in thousands):


	As of December 31,
	2020		2019
Land	$	83,458	$	66,198
Buildings	150,132		123,397
Furniture, fixtures, equipment and improvements	425,360		398,905
	658,950		588,500
Less: accumulated depreciation	(285,283)		(252,333)
	$	373,667	$	336,167

Depreciation expense for the years ended December 31, 2020, 2019 and 2018 was $39.8 million, $39.1 million and $36.4 million, respectively.

Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2020

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities consist of the following (in thousands):


	As of December 31,
	2020		2019
Sales, property, and payroll taxes payable	$	24,984	$	15,237
Accrued compensation	21,874		27,738
Accrued interest payable	8,121		1,459
Trade accounts payable	7,187		5,871
Acquisition purchase price amounts payable to sellers	5,965		6,374
Benefits liabilities and withholding payable	2,852		3,353


Other accrued liabilities	10,934		12,366
	$	81,917	$	72,398

Long-Term Debt

12 Months Ended

Dec. 31, 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 December 31,
	2020		2019
Revolving unsecured credit facility, maturing 2024 (1)	$	123,000	$	335,000


5.375% senior unsecured notes due 2024 (2)	—		296,568
4.625% senior notes due 2028 (3)	492,916		—


Total long-term debt	$	615,916	$	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 December 31, 2019, deferred debt issuance costs of $3.4 million are included as a direct deduction from the carrying amount of the senior unsecured notes in the accompanying consolidated balance sheets.

(3)As of December 31, 2020, deferred debt issuance costs of $7.1 million are included as a direct deduction from the carrying amount of the senior unsecured notes in the accompanying consolidated balance sheets.

As of December 31, 2020, annual maturities of the outstanding long-term debt for each of the five years after December 31, 2020 are as follows (in thousands):


2021	$	—
2022	—
2023	—
2024	123,000
2025	—
Thereafter	500,000
	$	623,000

Revolving Unsecured Credit Facility

As of December 31, 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. On November 9, 2020, the Credit Facility was amended (the “2020 Amendment”). Under the 2020 Amendment, the annual commitment fee on the average daily unused portion of the Credit Facility was reduced from 50 basis points to 32.5 basis points. In addition, certain financial covenants were amended temporarily, as described below, due to the expected short-term impact of COVID-19 on the Company’s earnings.

The permitted domestic leverage ratio and consolidated leverage ratio were temporarily increased under the 2020 Amendment. The domestic leverage ratio will remain at the current level of 4.5 times domestic EBITDA, adjusted for certain customary items as more fully set forth in the Credit Facility (“Adjusted Domestic EBITDA”), through December 31, 2020, then increases to 4.75 times Adjusted Domestic EBITDA through June 30, 2021 and then decreases to 4.5 times Adjusted Domestic EBITDA through December 31, 2021. The consolidated leverage ratio was increased from 2.75 to 3.25 times consolidated EBITDA, adjusted for certain customary items as more fully set forth in the Credit Facility (“Adjusted EBITDA”), through December 31, 2020 and then increases to 3.5 times Adjusted EBITDA through June 30, 2021 and then it decreases to 3.25 times Adjusted EBITDA through December 31, 2021. The temporary changes to the leverage ratios as provided in the 2020 Amendment will revert to the previously scheduled ratios of 4.0 times Adjusted Domestic EBITDA and 3.0 times Adjusted EBITDA effective January 1, 2022. The 2020 Amendment also includes additional limits to certain restricted payments when the domestic leverage ratio is equal to or greater than 4.0 times Adjusted Domestic EBITDA or when the consolidated leverage ratio is equal to or greater than 3.25 times Adjusted EBITDA, which are more fully described in the 2020 Amendment.

As of December 31, 2020, the Company had $123.0 million in outstanding borrowings and $3.4 million in outstanding letters of credit under the Credit Facility, leaving $373.6 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 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 0.325% on the average daily unused portion of the Credit Facility commitment. The weighted-average interest rate on amounts outstanding under the Credit Facility at December 31, 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 December 31, 2020. During 2020, the Company made net payments of $212.0 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 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 December 31, 2020. At December 31, 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 repay 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 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.

Income Taxes

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

Components of the provision for income taxes and the income to which it relates for the years ended December 31, 2020, 2019 and 2018 consist of the following (in thousands):


	Year Ended December 31,
	2020		2019		2018
Income before income taxes (1):
Domestic	$	98,111	$	145,570	$	125,056
Foreign	45,588		79,041		80,253
Income before income taxes	$	143,699	$	224,611	$	205,309

Current income taxes:
Federal	$	14,951	$	26,624	$	18,751
Foreign	9,909		21,904		23,231
U.S. state and local	2,158		2,553		2,506
Current provision for income taxes	27,018		51,081		44,488

Deferred provision (benefit) for income taxes:
Federal	4,485		7,498		7,621
Foreign	5,287		863		(566)
U.S. state and local	330		551		560
Total deferred provision for income taxes	10,102		8,912		7,615

Provision for income taxes	$	37,120	$	59,993	$	52,103

(1)Includes the allocation of certain administrative expenses and intercompany payments, such as royalties and interest, between domestic and foreign subsidiaries.

At December 31, 2020, the cumulative amount of undistributed earnings of foreign subsidiaries was $225.2 million. The Tax Cuts and Jobs Act imposed a mandatory transition tax on accumulated foreign earnings and generally eliminated U.S. federal income taxes on dividends from foreign subsidiaries with the exception of foreign withholding taxes and other foreign local tax. During 2020, the Company repatriated $43.0 million from certain foreign subsidiaries, which was not subject to withholding or federal income tax. It is the Company’s intent to indefinitely reinvest the remaining undistributed earnings and future earnings of these subsidiaries outside the U.S. and, therefore, deferred taxes are not currently recorded on cumulative foreign currency translation adjustments.

The principal deferred tax assets and liabilities consist of the following (in thousands):


	As of December 31,
	2020		2019
Deferred tax assets:
Property and equipment	$	9,905	$	10,407
Accrued fees on forfeited pawn loans	5,246		8,006
Deferred cost of goods sold deduction	3,622		5,721
Accrued compensation, payroll taxes and employee benefits	4,235		2,163
U.S. state and certain foreign net operating losses	5,942		6,012
Other	3,364		4,428
Total deferred tax assets	32,314		36,737

Deferred tax liabilities:
Intangible assets	81,749		71,814
Net operating lease asset	4,188		5,819
Property and equipment	3,759		—
Other	3,691		2,812
Total deferred tax liabilities	93,387		80,445

Net deferred tax liabilities before valuation allowance	(61,073)		(43,708)
Valuation allowance	(5,942)		(6,012)
Net deferred tax liabilities	$	(67,015)	$	(49,720)

Reported as:
Deferred tax assets	$	4,158	$	11,711
Deferred tax liabilities	(71,173)		(61,431)
Net deferred tax liabilities	$	(67,015)	$	(49,720)

The Company has a valuation allowance of $5.9 million and $6.0 million as of December 31, 2020 and 2019, respectively, related to the deferred tax assets associated with its U.S. state and certain foreign net operating losses. The Company has evaluated the nature and timing of its other deferred tax assets and concluded that no additional valuation allowance is necessary.

The following is a reconciliation of income taxes calculated at the U.S. federal statutory rate to the provision for income taxes (dollars in thousands):


	Year Ended December 31,
	2020			2019			2018
U.S. federal statutory rate	21		%	21		%	21		%

Tax at the U.S. federal statutory rate	$	30,177		$	47,168		$	43,115
U.S. state income tax, net of federal tax benefit of $522, $652 and $644, respectively	1,965			2,452			2,422
Net incremental income tax expense from foreign earnings (1)	5,732			6,314			6,031
Non-deductible compensation expense	1,050			2,074			1,827
Global intangible low-taxed income tax (2)	(1,863)			1,100			763
Net tax benefit resulting from the enactment of the Tax Act	—			—			(1,494)
Other taxes and adjustments, net	59			885			(561)
Provision for income taxes	$	37,120		$	59,993		$	52,103

Effective tax rate	25.8		%	26.7		%	25.4		%

(1)Includes a $2.0 million, $2.3 million and $3.3 million foreign permanent tax benefit related to an inflation index adjustment allowed under Mexico tax law for the years ended December 31, 2020, 2019 and 2018, respectively.

(2)The global intangible low-taxed income tax (“GILTI tax”) provisions for foreign operations in the U.S. federal tax code became effective in 2018, and based on preliminary IRS guidance, the Company recognized $1.1 million and $0.8 million of income tax expense in 2019 and 2018, respectively, as a result of the GILTI tax. In July 2020, the Internal Revenue Service finalized regulations for the GILTI tax. The finalized regulations effectively eliminated the impact of the incremental GILTI tax to the Company and permitted retroactive application. As a result, the Company recognized a $1.9 million income tax benefit in 2020 related to the reversal of the 2019 and 2018 GILTI tax expense.

The Company’s foreign operating subsidiaries are owned by a wholly-owned subsidiary located in the Netherlands. The foreign operating subsidiaries are subject to their respective foreign statutory rates, which differ from the U.S. federal statutory rate. The statutory tax rates in Mexico, Guatemala, Colombia and El Salvador are approximately 30%, 25%, 32% and 30%, respectively. The statutory tax rate in the Netherlands is 0% on eligible dividends received from its foreign subsidiaries.

The Company reviews the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. Interest and penalties related to income tax liabilities that could arise would be classified as interest expense in the Company’s consolidated statements of income.

As of December 31, 2020 and 2019, the Company had no unrecognized tax benefits and, therefore, the Company did not have a liability for accrued interest and penalties and no such interest or penalties were incurred for the years ended December 31, 2020, 2019 and 2018.

The Company files federal income tax returns in the U.S., Mexico, Guatemala, Colombia, El Salvador and the Netherlands, as well as multiple state and local income tax returns in the U.S. The Company’s U.S. federal returns are not subject to examination for tax years prior to 2016. The Company’s U.S. state income tax returns are not subject to examination for the tax years prior to 2017 with the exception of six states, which are not subject to examination for tax years prior to 2016. With respect to federal tax returns in Mexico, Guatemala, Colombia, El Salvador and the Netherlands, the tax years prior to 2015 are closed to examination. There are no state income taxes in Mexico, Guatemala, Colombia, El Salvador or the Netherlands.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Litigation The Company, in the ordinary course of business, is a defendant (actual or threatened) in certain lawsuits, arbitration proceedings and other general claims. In management’s opinion, any potential adverse result should not have a material adverse effect on the Company’s financial position, results of operations, or cash flows. Gold Forward Sales Contracts As of December 31, 2020, the Company had contractual commitments to deliver a total of 24,500 gold ounces between the months of January and December 2021 at a weighted-average price of $1,840 per ounce. The ounces required to be delivered over this time period are within historical scrap gold volumes.

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

Changes in the carrying value of goodwill by segment were as follows (in thousands):


December 31, 2020	U.S. operations segment		Latin America operations segment		Total
Balance, beginning of year	$	771,311	$	177,332	$	948,643
Acquisitions (see Note 3)	28,978		4,456		33,434

Effect of foreign currency translation	—		(6,505)		(6,505)
Other adjustments	1,859		(50)		1,809
Balance, end of year	$	802,148	$	175,233	$	977,381

December 31, 2019
Balance, beginning of year	$	759,538	$	157,881	$	917,419
Acquisitions (see Note 3)	11,773		15,533		27,306

Effect of foreign currency translation	—		5,175		5,175
Other adjustments	—		(1,257)		(1,257)
Balance, end of year	$	771,311	$	177,332	$	948,643

The Company performed its annual assessment of goodwill and determined there was no impairment as of December 31, 2020 and 2019.

Definite-Lived Intangible Assets

The following table summarizes the components of gross and net definite-lived intangible assets subject to amortization (in thousands):


	As of December 31,
	2020						2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	25,782	$	(23,918)	$	1,864	$	25,899	$	(21,681)	$	4,218

Customer relationships are generally amortized using an accelerated amortization method that reflects the future cash flows expected from the returning pawn customers.

Amortization expense for definite-lived intangible assets was $2.3 million, $2.9 million and $6.6 million for the years ended December 31, 2020, 2019 and 2018, respectively. The remaining weighted-average amortization period for customer relationships is 0.9 years. Estimated future amortization expense is as follows (in thousands):


2021	$	1,299
2022	295
2023	230
2024	31
2025	9
	$	1,864

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets as of December 31, 2020 and 2019 consist of the following (in thousands):


	As of December 31,
	2020		2019
Trade names	$	46,300	$	46,300
Pawn licenses (1)	34,237		34,107
Other indefinite-lived intangibles	1,250		1,250
	$	81,787	$	81,657

(1)Costs to renew licenses with indefinite lives are expensed as incurred and recorded in store operating expenses in the consolidated statements of income.

The Company performed its annual assessment of indefinite-lived intangible assets and determined there was no impairment as of December 31, 2020 and 2019.

Segment and Geographic Information

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment and Geographic Information

SEGMENT AND GEOGRAPHIC INFORMATION

Segment Information

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

•U.S. operations

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

Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, merger and acquisition expenses and loss (gain) 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 years ended December 31, 2020, 2019 and 2018 as well as separately identified segment assets (in thousands):


	Year Ended December 31, 2020
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	720,281	$	355,237	$	—	$	1,075,518
Pawn loan fees	310,437		147,080		—		457,517
Wholesale scrap jewelry sales	45,405		50,828		—		96,233
Consumer loan and credit services fees (1)	2,016		—		—		2,016
Total revenue	1,078,139		553,145		—		1,631,284

Cost of revenue:
Cost of retail merchandise sold	415,938		225,149		—		641,087
Cost of wholesale scrap jewelry sold	39,584		39,962		—		79,546
Consumer loan and credit services loss provision (1)	(488)		—		—		(488)
Total cost of revenue	455,034		265,111		—		720,145

Net revenue	623,105		288,034		—		911,139

Expenses and other income:
Store operating expenses	396,627		165,531		—		562,158
Administrative expenses	—		—		110,931		110,931
Depreciation and amortization	21,743		15,816		4,546		42,105
Interest expense	—		—		29,344		29,344
Interest income	—		—		(1,540)		(1,540)
Merger and acquisition expenses	—		—		1,316		1,316
Loss on foreign exchange	—		—		884		884
Loss on extinguishment of debt	—		—		11,737		11,737
Write-offs and impairments of certain lease intangibles and other assets	—		—		10,505		10,505

Total expenses and other income	418,370		181,347		167,723		767,440

Income (loss) before income taxes	$	204,735	$	106,687	$	(167,723)	$	143,699

(1)Effective June 30, 2020, the Company no longer offers an unsecured consumer loan product in the U.S.


	As of December 31, 2020
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	220,391	$	87,840	$	—	$	308,231

Inventories	136,109		54,243		—		190,352
Goodwill	802,148		175,233		—		977,381
Total assets	1,718,975		540,473		112,749		2,372,197


	Year Ended December 31, 2019
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	722,127	$	453,434	$	—	$	1,175,561
Pawn loan fees	379,395		185,429		—		564,824
Wholesale scrap jewelry sales	71,813		32,063		—		103,876
Consumer loan and credit services fees	20,178		—		—		20,178
Total revenue	1,193,513		670,926		—		1,864,439

Cost of revenue:
Cost of retail merchandise sold	447,911		297,950		—		745,861
Cost of wholesale scrap jewelry sold	65,941		30,131		—		96,072
Consumer loan and credit services loss provision	4,159		—		—		4,159
Total cost of revenue	518,011		328,081		—		846,092

Net revenue	675,502		342,845		—		1,018,347

Expenses and other income:
Store operating expenses	412,508		183,031		—		595,539
Administrative expenses	—		—		122,334		122,334
Depreciation and amortization	20,860		14,626		6,418		41,904
Interest expense	—		—		34,035		34,035
Interest income	—		—		(1,055)		(1,055)
Merger and acquisition expenses	—		—		1,766		1,766
Gain on foreign exchange	—		—		(787)		(787)



Total expenses and other income	433,368		197,657		162,711		793,736

Income (loss) before income taxes	$	242,134	$	145,188	$	(162,711)	$	224,611


	As of December 31, 2019
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	268,793	$	100,734	$	—	$	369,527
Consumer loans, net	751		—		—		751
Inventories	181,320		83,936		—		265,256
Goodwill	771,311		177,332		—		948,643
Total assets	1,767,504		574,059		97,877		2,439,440


	Year Ended December 31, 2018
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	709,594	$	382,020	$	—	$	1,091,614
Pawn loan fees	373,406		151,740		—		525,146
Wholesale scrap jewelry sales	85,718		22,103		—		107,821
Consumer loan and credit services fees	55,417		860		—		56,277
Total revenue	1,224,135		556,723		—		1,780,858

Cost of revenue:
Cost of retail merchandise sold	450,516		246,150		—		696,666
Cost of wholesale scrap jewelry sold	78,308		21,656		—		99,964
Consumer loan and credit services loss provision	17,223		238		—		17,461
Total cost of revenue	546,047		268,044		—		814,091

Net revenue	678,088		288,679		—		966,767

Expenses and other income:
Store operating expenses	414,097		149,224		—		563,321
Administrative expenses	—		—		120,042		120,042
Depreciation and amortization	21,021		11,333		10,607		42,961
Interest expense	—		—		29,173		29,173
Interest income	—		—		(2,444)		(2,444)
Merger and acquisition expenses	—		—		7,643		7,643
Loss on foreign exchange	—		—		762		762



Total expenses and other income	435,118		160,557		165,783		761,458

Income (loss) before income taxes	$	242,970	$	128,122	$	(165,783)	$	205,309


	As of December 31, 2018
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	271,584	$	91,357	$	—	$	362,941
Consumer loans, net	15,902		—		—		15,902
Inventories	199,978		75,152		—		275,130
Goodwill	759,538		157,881		—		917,419
Total assets	1,534,542		407,282		166,150		2,107,974

Geographic Information

The following table shows revenue and long-lived assets (all non-current assets except operating lease right of use asset, goodwill, intangibles, net and deferred tax assets) by geographic area (in thousands):


	Year Ended December 31,
	2020		2019		2018
Revenue:
U.S.	$	1,078,139	$	1,193,513	$	1,224,135
Mexico	530,462		641,505		531,744
Other Latin America	22,683		29,421		24,979
	$	1,631,284	$	1,864,439	$	1,780,858

Long-lived assets:
U.S.	$	286,079	$	254,395	$	226,358
Mexico	82,438		80,385		65,260
Other Latin America	14,968		12,893		9,265
	$	383,485	$	347,673	$	300,883

- 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
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+ Details

Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Data [Abstract]

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data for the years ended December 31, 2020 and 2019 are set forth in the table below (in thousands, except per share amounts). The Company’s operations are subject to seasonal fluctuations. The Company computed the quarterly diluted earnings per share amounts as if each quarter was a discrete period based on that quarter’s weighted-average shares outstanding. As a result, the sum of the diluted earnings per share by quarter will not necessarily total the annual diluted earnings per share.


	Quarter Ended
	March 31		June 30		September 30		December 31
2020
Total revenue	$	466,490	$	412,746	$	359,890	$	392,158
Total cost of revenue	207,181		189,645		157,152		166,167
Net revenue	259,309		223,101		202,738		225,991
Total expenses and other income	213,592		185,912		185,052		182,884


Net income	32,918		25,873		15,062		32,726



Diluted earnings per share	0.78		0.62		0.36		0.79
Diluted weighted-average shares	42,007		41,531		41,536		41,331

2019
Total revenue	$	467,604	$	446,014	$	452,459	$	498,362
Total cost of revenue	211,805		201,709		201,480		231,098
Net revenue	255,799		244,305		250,979		267,264
Total expenses and other income	196,956		199,019		202,015		195,746


Net income	42,655		33,048		34,761		54,154



Diluted earnings per share	0.98		0.76		0.81		1.27
Diluted weighted-average shares	43,658		43,256		43,167		42,760

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Principles of consolidation

Cash and cash equivalents

Customer loans and revenue recognition

Foreign Currency Transactions

Foreign currency transactions - The Company has operations in Mexico, Guatemala and Colombia where the functional currency is the Mexican peso, Guatemalan quetzal and Colombian peso. 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. Prior to translation, U.S. dollar-denominated transactions of the foreign subsidiaries are remeasured into their functional currency using current rates of exchange for monetary assets and liabilities and historical rates of exchange for non-monetary assets and liabilities. Gains and losses from remeasurement of dollar-denominated monetary assets and liabilities in Mexico, Guatemala and Colombia are included in (gain) loss on foreign exchange in the consolidated statements of income. Deferred taxes are not currently recorded on cumulative foreign currency translation adjustments as the Company indefinitely reinvests earnings of its foreign subsidiaries. The Company also has operations in El Salvador where the reporting and functional currency is the U.S. dollar.The average value of the Mexican peso to the U.S. dollar exchange rate for 2020 was 21.5 to 1, compared to 19.3 to 1 in 2019 and 19.2 to 1 in 2018. The average value of the Guatemalan quetzal to the U.S. dollar exchange rate for 2020 was 7.7 to 1, compared to 7.7 to 1 in 2019 and 7.5 to 1 in 2018. The average value of the Colombian peso to the U.S. dollar exchange rate for 2020 was 3,693 to 1, compared to 3,280 to 1 in 2019 and 2,956 to 1 in 2018.

Store operating expenses

Property and equipment

Goodwill and other indefinite-lived intangible assets

Long-lived assets

Long-lived assets - Property and equipment, intangible assets subject to amortization and non-current assets are reviewed for impairment whenever events or changes in circumstances indicate that the net book value of the asset may not be recoverable. An impairment loss is recognized if the sum of the expected future cash flows (undiscounted and before interest) from the use of the asset is less than the net book value of the asset. Generally, the amount of the impairment loss is measured as the difference between the net book value of the asset and the estimated fair value of the related asset. During 2020, the Company recorded a $1.9 million impairment of other assets and a $1.5 million impairment of property and equipment, and during 2018, the Company recorded a $1.5 million impairment of property and equipment. The Company did not record any impairment loss for the year ended December 31, 2019.

Fair value of financial instruments

Income taxes

Advertising

Share-based compensation

Share-based compensation - All share-based payments to employees and directors are recognized in the financial statements based on the grant date or if applicable, the subsequent modification date fair value. The Company recognizes compensation cost net of estimated forfeitures and recognizes the compensation cost for only those awards expected to vest on a straight-line basis over the requisite service period of the award, which is generally the vesting term. The Company records share-based compensation cost as an administrative expense. See Note 13.Forward sales commitments - The Company periodically uses forward sale agreements with a major gold bullion bank to sell a portion of the expected amount of scrap gold, which is typically jewelry that is broken or of low retail value, produced in the normal course of business from its liquidation of such merchandise. These commitments qualify for an exemption from derivative accounting as normal sales, based on historical terms, conditions and quantities, and are therefore not recorded on the Company's balance sheet.

Earnings per share

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


	Year Ended December 31,
	2020		2019		2018
Numerator:
Net income	$	106,579	$	164,618	$	153,206

Denominator:
Weighted-average common shares for calculating basic earnings per share	41,502		43,020		44,777
Effect of dilutive securities:
Stock options and restricted stock unit awards	98		188		107
Weighted-average common shares for calculating diluted earnings per share	41,600		43,208		44,884

Earnings per share:
Basic	$	2.57	$	3.83	$	3.42
Diluted	2.56		3.81		3.41

Pervasiveness of estimates

Use of estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Such estimates and assumptions are subject to a number of risks and uncertainties, which may cause actual results to differ materially from the Company’s estimates. 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.

Revisions and reclassifications

Recent accounting pronouncements

Operating Leases (Tables)

12 Months Ended

Dec. 31, 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 year ended December 31, 2020 and 2019 (in thousands):


	Year Ended December 31,
	2020		2019
Operating lease expense	$	121,649	$	124,082
Variable lease expense (1)	14,444		7,775
Total operating lease expense	$	136,093	$	131,857

(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 supplemental cash flow information related to operating leases for the year ended December 31, 2020 and 2019 (in thousands):


	Year Ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	110,965	$	116,448
Leased assets obtained in exchange for new operating lease liabilities	$	104,576	$	71,117

Schedule of Maturity of Lease Liabilities

The following table details the maturity of lease liabilities for all operating leases as of December 31, 2020 (in thousands):


2021	$	104,951
2022	82,580
2023	62,245
2024	39,501
2025	15,549
Thereafter	20,526
Total	$	325,352
Less amount of lease payments representing interest	(41,843)
Total present value of lease payments	$	283,509

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of Calculation of Numerator and Denominator in EPS

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


	Year Ended December 31,
	2020		2019		2018
Numerator:
Net income	$	106,579	$	164,618	$	153,206

Denominator:
Weighted-average common shares for calculating basic earnings per share	41,502		43,020		44,777
Effect of dilutive securities:
Stock options and restricted stock unit awards	98		188		107
Weighted-average common shares for calculating diluted earnings per share	41,600		43,208		44,884

Earnings per share:
Basic	$	2.57	$	3.83	$	3.42
Diluted	2.56		3.81		3.41

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Preliminary Allocations of Purchase Price

The preliminary allocation of the aggregate purchase prices for these individually immaterial acquisitions during 2020 is as follows (in thousands):


Pawn loans	$	5,839
Pawn loan fees receivable	644

Inventories	3,594
Other current assets	154
Property and equipment	241
Goodwill (1)	33,434
Intangible assets	190
Other non-current assets	40
Current liabilities	(547)


Aggregate purchase price	$	43,589

Stockholders' Equity Equity (Tables)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Class of Treasury Stock

The following table provides purchases made by the Company of shares of its common stock under each share repurchase program in effect during 2020 (dollars in thousands):


Plan Authorization Date	Plan Completion Date	Dollar Amount Authorized		Shares Purchased in 2020	Dollar Amount Purchased in 2020		Remaining Dollar Amount Authorized For Future Purchases
October 24, 2018	January 30, 2020	$	100,000	344,000	$	28,797	$	—
January 28, 2020	Currently active	100,000		1,083,000	78,173		21,827
Total				1,427,000	$	106,970	$	21,827

Fair Value of Financial Instruments Fair Value, Assets Measured on Recurring Basis (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

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


	Carrying Value		Estimated Fair Value
	December 31,		December 31,		Fair Value Measurements Using
	2020		2020		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	65,850	$	65,850	$	65,850	$	—	$	—
Fees and service charges receivable	41,110		41,110		—		—		41,110
Pawn loans	308,231		308,231		—		—		308,231

	$	415,191	$	415,191	$	65,850	$	—	$	349,341

Financial liabilities:
Revolving unsecured credit facilities	$	123,000	$	123,000	$	—	$	123,000	$	—
Senior unsecured notes (outstanding principal)	500,000		516,000		—		516,000		—
	$	623,000	$	639,000	$	—	$	639,000	$	—


	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	$	—

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consists of the following (in thousands):


	As of December 31,
	2020		2019
Land	$	83,458	$	66,198
Buildings	150,132		123,397
Furniture, fixtures, equipment and improvements	425,360		398,905
	658,950		588,500
Less: accumulated depreciation	(285,283)		(252,333)
	$	373,667	$	336,167

Accounts Payable and Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following (in thousands):


	As of December 31,
	2020		2019
Sales, property, and payroll taxes payable	$	24,984	$	15,237
Accrued compensation	21,874		27,738
Accrued interest payable	8,121		1,459
Trade accounts payable	7,187		5,871
Acquisition purchase price amounts payable to sellers	5,965		6,374
Benefits liabilities and withholding payable	2,852		3,353


Other accrued liabilities	10,934		12,366
	$	81,917	$	72,398

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Maturities of Long-term Debt

As of December 31, 2020, annual maturities of the outstanding long-term debt for each of the five years after December 31, 2020 are as follows (in thousands):


2021	$	—
2022	—
2023	—
2024	123,000
2025	—
Thereafter	500,000
	$	623,000

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 December 31,
	2020		2019
Revolving unsecured credit facility, maturing 2024 (1)	$	123,000	$	335,000


5.375% senior unsecured notes due 2024 (2)	—		296,568
4.625% senior notes due 2028 (3)	492,916		—


Total long-term debt	$	615,916	$	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.

- 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

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+ Details

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Components of the provision for income taxes and the income to which it relates for the years ended December 31, 2020, 2019 and 2018 consist of the following (in thousands):


	Year Ended December 31,
	2020		2019		2018
Income before income taxes (1):
Domestic	$	98,111	$	145,570	$	125,056
Foreign	45,588		79,041		80,253
Income before income taxes	$	143,699	$	224,611	$	205,309

Current income taxes:
Federal	$	14,951	$	26,624	$	18,751
Foreign	9,909		21,904		23,231
U.S. state and local	2,158		2,553		2,506
Current provision for income taxes	27,018		51,081		44,488

Deferred provision (benefit) for income taxes:
Federal	4,485		7,498		7,621
Foreign	5,287		863		(566)
U.S. state and local	330		551		560
Total deferred provision for income taxes	10,102		8,912		7,615

Provision for income taxes	$	37,120	$	59,993	$	52,103

(1)Includes the allocation of certain administrative expenses and intercompany payments, such as royalties and interest, between domestic and foreign subsidiaries.

Schedule of Deferred Tax Assets and Liabilities

The principal deferred tax assets and liabilities consist of the following (in thousands):


	As of December 31,
	2020		2019
Deferred tax assets:
Property and equipment	$	9,905	$	10,407
Accrued fees on forfeited pawn loans	5,246		8,006
Deferred cost of goods sold deduction	3,622		5,721
Accrued compensation, payroll taxes and employee benefits	4,235		2,163
U.S. state and certain foreign net operating losses	5,942		6,012
Other	3,364		4,428
Total deferred tax assets	32,314		36,737

Deferred tax liabilities:
Intangible assets	81,749		71,814
Net operating lease asset	4,188		5,819
Property and equipment	3,759		—
Other	3,691		2,812
Total deferred tax liabilities	93,387		80,445

Net deferred tax liabilities before valuation allowance	(61,073)		(43,708)
Valuation allowance	(5,942)		(6,012)
Net deferred tax liabilities	$	(67,015)	$	(49,720)

Reported as:
Deferred tax assets	$	4,158	$	11,711
Deferred tax liabilities	(71,173)		(61,431)
Net deferred tax liabilities	$	(67,015)	$	(49,720)

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of income taxes calculated at the U.S. federal statutory rate to the provision for income taxes (dollars in thousands):


	Year Ended December 31,
	2020			2019			2018
U.S. federal statutory rate	21		%	21		%	21		%

Tax at the U.S. federal statutory rate	$	30,177		$	47,168		$	43,115
U.S. state income tax, net of federal tax benefit of $522, $652 and $644, respectively	1,965			2,452			2,422
Net incremental income tax expense from foreign earnings (1)	5,732			6,314			6,031
Non-deductible compensation expense	1,050			2,074			1,827
Global intangible low-taxed income tax (2)	(1,863)			1,100			763
Net tax benefit resulting from the enactment of the Tax Act	—			—			(1,494)
Other taxes and adjustments, net	59			885			(561)
Provision for income taxes	$	37,120		$	59,993		$	52,103

Effective tax rate	25.8		%	26.7		%	25.4		%

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Lease Future Amortization Expense

Estimated future amortization expense is as follows (in thousands):


2021	$	1,299
2022	295
2023	230
2024	31
2025	9
	$	1,864

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Rollforward

Changes in the carrying value of goodwill by segment were as follows (in thousands):


December 31, 2020	U.S. operations segment		Latin America operations segment		Total
Balance, beginning of year	$	771,311	$	177,332	$	948,643
Acquisitions (see Note 3)	28,978		4,456		33,434

Effect of foreign currency translation	—		(6,505)		(6,505)
Other adjustments	1,859		(50)		1,809
Balance, end of year	$	802,148	$	175,233	$	977,381

December 31, 2019
Balance, beginning of year	$	759,538	$	157,881	$	917,419
Acquisitions (see Note 3)	11,773		15,533		27,306

Effect of foreign currency translation	—		5,175		5,175
Other adjustments	—		(1,257)		(1,257)
Balance, end of year	$	771,311	$	177,332	$	948,643

Definite Lived Intangible Assets Amortization

The following table summarizes the components of gross and net definite-lived intangible assets subject to amortization (in thousands):


	As of December 31,
	2020						2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	25,782	$	(23,918)	$	1,864	$	25,899	$	(21,681)	$	4,218

Goodwill Future Amortization Expense

Estimated future amortization expense is as follows (in thousands):


2021	$	1,299
2022	295
2023	230
2024	31
2025	9
	$	1,864

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets as of December 31, 2020 and 2019 consist of the following (in thousands):


	As of December 31,
	2020		2019
Trade names	$	46,300	$	46,300
Pawn licenses (1)	34,237		34,107
Other indefinite-lived intangibles	1,250		1,250
	$	81,787	$	81,657

(1)Costs to renew licenses with indefinite lives are expensed as incurred and recorded in store operating expenses in the consolidated statements of income.

The Company performed its annual assessment of indefinite-lived intangible assets and determined there was no impairment as of December 31, 2020 and 2019.

Equity Compensation Plans and Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Nonvested Stock Options Activity

The following table summarizes the restricted stock unit award activity for the years ended December 31, 2020, 2019 and 2018 (shares in thousands):


	2020			2019			2018
		Weighted-			Weighted-			Weighted-
		Average			Average			Average
	Underlying	Fair Value		Underlying	Fair Value		Underlying	Fair Value
	Shares	of Grant		Shares	of Grant		Shares	of Grant
Outstanding at beginning of year	357	$	69.13	254	$	59.53	157	$	47.36
Performance-based grants (1)	238	78.40		109	86.86		102	72.70
Time-based grants	21	84.93		19	86.86		17	72.70
Performance-based vested	(117)	48.25		(10)	45.93		(10)	45.93
Time-based vested	(12)	76.84		(15)	73.78		(12)	43.55
Performance-based canceled (2)	(114)	84.93		—	—		—	—
Outstanding at end of year	373	$	77.40	357	$	69.13	254	$	59.53

(1)Represents the maximum possible award. The Company’s level of achievement of the respective performance goals will result in actual vesting of between zero shares and the maximum share award. Performance-based grants for 2020 include 114 shares which were subsequently cancelled in 2020 as described in footnote (2) below.

(2)Represents cancellation of performance-based awards granted in January of 2020 that were subsequently replaced with a new performance-based award granted in December 2020. The grant date fair value of the December 2020 replacement performance-based awards was $72.37 per share.

Schedule of Stock Options Activity

The following table summarizes stock option activity for the years ended December 31, 2020, 2019 and 2018 (shares in thousands):


	2020			2019			2018
		Weighted-			Weighted-			Weighted-
		Average			Average			Average
	Underlying	Exercise		Underlying	Exercise		Underlying	Exercise
	Shares	Price		Shares	Price		Shares	Price
Outstanding at beginning of year	70	$	38.86	80	$	39.00	90	$	39.11

Exercised	(60)	39.00		(10)	40.00		(10)	40.00

Outstanding at end of year	10	38.00		70	38.86		80	39.00

Exercisable at end of year	—	—		40	39.00		30	39.33

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The Company’s net income includes the following compensation costs related to share-based compensation arrangements (in thousands):


	Year Ended December 31,
	2020		2019		2018
Gross compensation costs:
Restricted stock unit awards	$	2,899	$	8,637	$	5,712
Stock options	15		43		74
Total gross compensation costs	2,914		8,680		5,786

Income tax benefits:
Restricted stock unit awards	(901)		(302)		(1,320)
Exercise of stock options	(94)		(114)		(94)
Total income tax benefits	(995)		(416)		(1,414)

Net compensation expense	$	1,919	$	8,264	$	4,372

Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following tables present reportable segment information for the years ended December 31, 2020, 2019 and 2018 as well as separately identified segment assets (in thousands):


	Year Ended December 31, 2020
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	720,281	$	355,237	$	—	$	1,075,518
Pawn loan fees	310,437		147,080		—		457,517
Wholesale scrap jewelry sales	45,405		50,828		—		96,233
Consumer loan and credit services fees (1)	2,016		—		—		2,016
Total revenue	1,078,139		553,145		—		1,631,284

Cost of revenue:
Cost of retail merchandise sold	415,938		225,149		—		641,087
Cost of wholesale scrap jewelry sold	39,584		39,962		—		79,546
Consumer loan and credit services loss provision (1)	(488)		—		—		(488)
Total cost of revenue	455,034		265,111		—		720,145

Net revenue	623,105		288,034		—		911,139

Expenses and other income:
Store operating expenses	396,627		165,531		—		562,158
Administrative expenses	—		—		110,931		110,931
Depreciation and amortization	21,743		15,816		4,546		42,105
Interest expense	—		—		29,344		29,344
Interest income	—		—		(1,540)		(1,540)
Merger and acquisition expenses	—		—		1,316		1,316
Loss on foreign exchange	—		—		884		884
Loss on extinguishment of debt	—		—		11,737		11,737
Write-offs and impairments of certain lease intangibles and other assets	—		—		10,505		10,505

Total expenses and other income	418,370		181,347		167,723		767,440

Income (loss) before income taxes	$	204,735	$	106,687	$	(167,723)	$	143,699

(1)Effective June 30, 2020, the Company no longer offers an unsecured consumer loan product in the U.S.


	As of December 31, 2020
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	220,391	$	87,840	$	—	$	308,231

Inventories	136,109		54,243		—		190,352
Goodwill	802,148		175,233		—		977,381
Total assets	1,718,975		540,473		112,749		2,372,197


	Year Ended December 31, 2019
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	722,127	$	453,434	$	—	$	1,175,561
Pawn loan fees	379,395		185,429		—		564,824
Wholesale scrap jewelry sales	71,813		32,063		—		103,876
Consumer loan and credit services fees	20,178		—		—		20,178
Total revenue	1,193,513		670,926		—		1,864,439

Cost of revenue:
Cost of retail merchandise sold	447,911		297,950		—		745,861
Cost of wholesale scrap jewelry sold	65,941		30,131		—		96,072
Consumer loan and credit services loss provision	4,159		—		—		4,159
Total cost of revenue	518,011		328,081		—		846,092

Net revenue	675,502		342,845		—		1,018,347

Expenses and other income:
Store operating expenses	412,508		183,031		—		595,539
Administrative expenses	—		—		122,334		122,334
Depreciation and amortization	20,860		14,626		6,418		41,904
Interest expense	—		—		34,035		34,035
Interest income	—		—		(1,055)		(1,055)
Merger and acquisition expenses	—		—		1,766		1,766
Gain on foreign exchange	—		—		(787)		(787)



Total expenses and other income	433,368		197,657		162,711		793,736

Income (loss) before income taxes	$	242,134	$	145,188	$	(162,711)	$	224,611


	As of December 31, 2019
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	268,793	$	100,734	$	—	$	369,527
Consumer loans, net	751		—		—		751
Inventories	181,320		83,936		—		265,256
Goodwill	771,311		177,332		—		948,643
Total assets	1,767,504		574,059		97,877		2,439,440


	Year Ended December 31, 2018
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	709,594	$	382,020	$	—	$	1,091,614
Pawn loan fees	373,406		151,740		—		525,146
Wholesale scrap jewelry sales	85,718		22,103		—		107,821
Consumer loan and credit services fees	55,417		860		—		56,277
Total revenue	1,224,135		556,723		—		1,780,858

Cost of revenue:
Cost of retail merchandise sold	450,516		246,150		—		696,666
Cost of wholesale scrap jewelry sold	78,308		21,656		—		99,964
Consumer loan and credit services loss provision	17,223		238		—		17,461
Total cost of revenue	546,047		268,044		—		814,091

Net revenue	678,088		288,679		—		966,767

Expenses and other income:
Store operating expenses	414,097		149,224		—		563,321
Administrative expenses	—		—		120,042		120,042
Depreciation and amortization	21,021		11,333		10,607		42,961
Interest expense	—		—		29,173		29,173
Interest income	—		—		(2,444)		(2,444)
Merger and acquisition expenses	—		—		7,643		7,643
Loss on foreign exchange	—		—		762		762



Total expenses and other income	435,118		160,557		165,783		761,458

Income (loss) before income taxes	$	242,970	$	128,122	$	(165,783)	$	205,309


	As of December 31, 2018
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	271,584	$	91,357	$	—	$	362,941
Consumer loans, net	15,902		—		—		15,902
Inventories	199,978		75,152		—		275,130
Goodwill	759,538		157,881		—		917,419
Total assets	1,534,542		407,282		166,150		2,107,974

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas


	Year Ended December 31,
	2020		2019		2018
Revenue:
U.S.	$	1,078,139	$	1,193,513	$	1,224,135
Mexico	530,462		641,505		531,744
Other Latin America	22,683		29,421		24,979
	$	1,631,284	$	1,864,439	$	1,780,858

Long-lived assets:
U.S.	$	286,079	$	254,395	$	226,358
Mexico	82,438		80,385		65,260
Other Latin America	14,968		12,893		9,265
	$	383,485	$	347,673	$	300,883

Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Data [Abstract]

Schedule of Quarterly Financial Information


	Quarter Ended
	March 31		June 30		September 30		December 31
2020
Total revenue	$	466,490	$	412,746	$	359,890	$	392,158
Total cost of revenue	207,181		189,645		157,152		166,167
Net revenue	259,309		223,101		202,738		225,991
Total expenses and other income	213,592		185,912		185,052		182,884


Net income	32,918		25,873		15,062		32,726



Diluted earnings per share	0.78		0.62		0.36		0.79
Diluted weighted-average shares	42,007		41,531		41,536		41,331

2019
Total revenue	$	467,604	$	446,014	$	452,459	$	498,362
Total cost of revenue	211,805		201,709		201,480		231,098
Net revenue	255,799		244,305		250,979		267,264
Total expenses and other income	196,956		199,019		202,015		195,746


Net income	42,655		33,048		34,761		54,154



Diluted earnings per share	0.98		0.76		0.81		1.27
Diluted weighted-average shares	43,658		43,256		43,167		42,760

Organization and Nature of the Company (Details)	3 Months Ended
Organization and Nature of the Company (Details)	Jun. 30, 2020	Dec. 31, 2020 store state
Organization and Nature of the Company [Line Items]
Number of stores \| store		2,748
Decrease in pawn loans	39.00%
United States
Organization and Nature of the Company [Line Items]
Number of states in which entity operates		24
Increase in pawn sales	24.00%
Decrease in pawn inventory balances	32.00%
Latin America Operations
Organization and Nature of the Company [Line Items]
Number of states in which entity operates		32

Operating Leases - Supplemental Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Operating Leases [Abstract]
Operating lease right of use asset	$ 298,957	$ 304,549
Operating Lease, Liability, Current	(88,622)	(86,466)
Operating Lease, Liability, Noncurrent	(194,887)	$ (193,504)
Operating Lease, Liability	$ (283,509)

Operating Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	4 years	3 years 10 months 24 days
Weighted average discount rate (as a percent)	7.00%	7.80%
Foreign Currency Transaction Loss, before Tax	$ (1.2)
Foreign Currency Transaction Gain, before Tax		$ 0.9
Minimum
Lessee, Lease, Description [Line Items]
General term of leased facilities	3 years
Maximum
Lessee, Lease, Description [Line Items]
General term of leased facilities	5 years

Operating Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease expense	$ 121,649	$ 124,082
Variable lease expense	14,444	7,775
Total operating lease expense	$ 136,093	$ 131,857

Operating Leases - Lease Maturities (Details) $ in Thousands	Dec. 31, 2020 USD ($)
Leases [Abstract]
2020	$ 104,951
2021	82,580
2022	62,245
2023	39,501
2024	15,549
Thereafter	20,526
Total	325,352
Less amount of lease payments representing interest	(41,843)
Total present value of lease payments	$ 283,509

Operating Leases - Supplemental Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 110,965	$ 116,448
Leased assets obtained in exchange for new operating lease liabilities	$ 104,576	$ 71,117

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash associated with undistributed earnings of foreign subsidiaries		$ 28,300
Asset Impairment Charges	$ 1,500	10,505	$ 0	$ 0
U.S. federal statutory rate				21.00%
Advertising expense		1,100	1,200	$ 1,400
(Gain) loss on foreign exchange		(884)	787	(762)
Purchases of store real property		$ 45,502	$ 74,661	$ 19,996
Mexico, Pesos
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreign currency exchange rate, translation	1920.00%	2150.00%	1930.00%	1920.00%
United States of America, Dollars
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreign currency exchange rate, translation	100.00%	100.00%	100.00%	100.00%
Guatemala, Quetzales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreign currency exchange rate, translation	750.00%	770.00%	770.00%	750.00%
Colombia, Pesos
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreign currency exchange rate, translation	295600.00%	369300.00%	328000.00%	295600.00%
Buildings \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment useful life (years)		30 years
Buildings \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment useful life (years)		40 years
Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment useful life (years)		3 years
Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment useful life (years)		5 years
United States
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset Impairment Charges		$ 0
U.S. federal statutory rate		21.00%	21.00%
(Gain) loss on foreign exchange		$ 0	$ 0	$ 0

Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Net income	$ 32,726	$ 15,062	$ 25,873	$ 32,918	$ 54,154	$ 34,761	$ 33,048	$ 42,655	$ 106,579	$ 164,618	$ 153,206
Weighted-average common shares for calculating basic earnings per share									41,502	43,020	44,777
Stock options and restricted stock unit awards									98	188	107
Weighted-average common shares for calculating diluted earnings per share	41,331	41,536	41,531	42,007	42,760	43,167	43,256	43,658	41,600	43,208	44,884
Basic (in dollars per share)									$ 2.57	$ 3.83	$ 3.42
Diluted (in dollars per share	$ 0.79	$ 0.36	$ 0.62	$ 0.78	$ 1.27	$ 0.81	$ 0.76	$ 0.98	$ 2.56	$ 3.81	$ 3.41

- Definition

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

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+ 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.

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+ 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) $ in Thousands	12 Months Ended
Acquisitions - Narrative (Details) $ in Thousands	Dec. 31, 2020 USD ($) store	Dec. 31, 2019 USD ($) store
Business Acquisition [Line Items]
Purchase price	$ 43,600	$ 46,800
Cash paid	41,400	44,900
Liabilities incurred	2,200	1,900
Revenue since acquisition	7,500
Transaction and integration costs	1,000
Net earnings since acquisition	300
Payments for Previous Acquisition	2,900
Merger and other acquisitions	$ 33,434	$ 27,306
Mexico
Business Acquisition [Line Items]
Number of stores acquired \| store	40	163
Number of acquisitions \| store	2	13
United States
Business Acquisition [Line Items]
Number of stores acquired \| store	22	27
Number of acquisitions \| store	2	9
Merger and other acquisitions	$ 28,978	$ 11,773

Acquisitions - Acquisitions Purchase Price Allocation Table (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 977,381	$ 948,643	$ 917,419
Merger and other acquisitions	33,434	27,306
Latin America Operations
Business Acquisition [Line Items]
Goodwill	175,233	177,332	157,881
Merger and other acquisitions	4,456	15,533
United States
Business Acquisition [Line Items]
Goodwill	802,148	771,311	$ 759,538
Merger and other acquisitions	28,978	$ 11,773
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Pawn loans	5,839
Fees and service charges receivable	644
Inventory	3,594
Other current assets	154
Property and equipment	241
Goodwill	33,434
Intangible assets	190
Other non-current assets	40
Current liabilities	(547)
Aggregate merger consideration	$ 43,589

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity, Class of Treasury Stock [Line Items]
Stock repurchased during period (shares)	1,427,000	1,305,000
Dollar Amount Purchased in 2020	$ 106,970	$ 114,000
Stock repurchase program, average cost per share (in dollars per share)	$ 74.96	$ 87.37
Dollar Amount Authorized	$ 100,000
Remaining Dollar Amount Authorized For Future Purchases	21,827
Payments of dividends	$ 44,752	$ 43,952	$ 40,853
43397
Equity, Class of Treasury Stock [Line Items]
Stock repurchased during period (shares)	344,000
Dollar Amount Purchased in 2020	$ 28,797
Remaining Dollar Amount Authorized For Future Purchases	$ 0
43858
Equity, Class of Treasury Stock [Line Items]
Stock repurchased during period (shares)	1,083,000
Dollar Amount Purchased in 2020	$ 78,173
Remaining Dollar Amount Authorized For Future Purchases	$ 21,827

Fair Value of Financial Instruments Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other Asset Impairment Charges	$ 1,900	$ 10,505	$ 0	$ 1,514
Tangible Asset Impairment Charges		1,500
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		65,850	46,527
Pawn loan fees and service charges receivable		41,110	46,686
Total assets		415,191	463,491
Total liabilities		623,000	635,000
Carrying Value \| Revolving unsecured credit facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		123,000	335,000
Carrying Value \| Senior unsecured notes, outstanding principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		500,000	300,000
Carrying Value \| Pawn Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable		308,231	369,527
Carrying Value \| Consumer loans, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable			751
Estimate Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		65,850	46,527
Pawn loan fees and service charges receivable		41,110	46,686
Total assets		415,191	463,491
Total liabilities		639,000	645,000
Estimate Value \| Revolving unsecured credit facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		123,000	335,000
Estimate Value \| Senior unsecured notes, outstanding principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		516,000	310,000
Estimate Value \| Pawn Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable		308,231	369,527
Estimate Value \| Consumer loans, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable			751
Estimate Value \| Fair Value Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		65,850	46,527
Pawn loan fees and service charges receivable		0	0
Total assets		65,850	46,527
Total liabilities		0	0
Estimate Value \| Fair Value Level 1 \| Revolving unsecured credit facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		0	0
Estimate Value \| Fair Value Level 1 \| Senior unsecured notes, outstanding principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		0	0
Estimate Value \| Fair Value Level 1 \| Pawn Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable		0	0
Estimate Value \| Fair Value Level 1 \| Consumer loans, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable			0
Estimate Value \| Fair Value Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		0	0
Pawn loan fees and service charges receivable		0	0
Total assets		0	0
Total liabilities		639,000	645,000
Estimate Value \| Fair Value Level 2 \| Revolving unsecured credit facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		123,000	335,000
Estimate Value \| Fair Value Level 2 \| Senior unsecured notes, outstanding principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		516,000	310,000
Estimate Value \| Fair Value Level 2 \| Pawn Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable		0	0
Estimate Value \| Fair Value Level 2 \| Consumer loans, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable			0
Estimate Value \| Fair Value Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents		0	0
Pawn loan fees and service charges receivable		41,110	46,686
Total assets		349,341	416,964
Total liabilities		0	0
Estimate Value \| Fair Value Level 3 \| Revolving unsecured credit facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		0	0
Estimate Value \| Fair Value Level 3 \| Senior unsecured notes, outstanding principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt		0	0
Estimate Value \| Fair Value Level 3 \| Pawn Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable		$ 308,231	369,527
Estimate Value \| Fair Value Level 3 \| Consumer loans, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable			$ 751

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 658,950	$ 588,500
Less: accumulated depreciation	(285,283)	(252,333)
Property and equipment, net	373,667	336,167
Depreciation expense	39,800	39,100	$ 36,400
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	83,458	66,198
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	150,132	123,397
Furniture, fixtures, equipment and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 425,360	$ 398,905

Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Sales, property, and payroll taxes payable	$ 24,984	$ 15,237
Accrued compensation	21,874	27,738
Acquisition purchase price amounts payable to sellers	5,965	6,374
Trade accounts payable	7,187	5,871
Benefits liabilities and withholding payable	2,852	3,353
Accrued interest payable	8,121	1,459
Other accrued liabilities	10,934	12,366
Accounts payable and accrued liabilities	$ 81,917	$ 72,398

Long-Term Debt - Schedule of Maturities for Long-term Debt (Details) $ in Thousands	Dec. 31, 2020 USD ($)
Debt Disclosure [Abstract]
2020	$ 0
2021	0
2022	0
2023	123,000
2024	0
Thereafter	500,000
Total long-term debt	$ 623,000

Long-Term Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Aug. 26, 2020	Dec. 31, 2019	May 30, 2017
Debt Instrument [Line Items]
Long-term line of credit	$ 123,000
Senior unsecured notes	492,916		$ 296,568
Total long-term debt	615,916		631,568
Debt Issuance Costs, Net	7,100	$ 7,300	3,400
Long-term Debt	623,000
Line of Credit
Debt Instrument [Line Items]
Long-term line of credit	123,000		335,000
Senior Notes \| 5.375% senior notes due 2024
Debt Instrument [Line Items]
Senior unsecured notes	0		296,568
Senior Notes \| 4.625% Senior Unsecured Notes due 2028 [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 492,916		$ 0
Interest rate	4.625%	4.625%
Senior Notes \| Senior notes 2024
Debt Instrument [Line Items]
Interest rate	5.375%			5.375%

Long-Term Debt - Narrative (Details)			2 Months Ended		3 Months Ended	12 Months Ended
Long-Term Debt - Narrative (Details)	Dec. 31, 2020 USD ($)	Nov. 09, 2020	Dec. 31, 2020 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2020 MXN ($)	Aug. 26, 2020 USD ($)	Dec. 19, 2019 USD ($)	May 30, 2017 USD ($)
Debt Instrument [Line Items]
Line of credit facility, leverage ratio, adjusted domestic EBITDA	4.0	4.0
Long-term line of credit	$ 123,000,000.0		$ 123,000,000.0	$ 123,000,000.0	$ 123,000,000.0	$ 123,000,000.0
Loss on extinguishment of debt						11,737,000	$ 0	$ 0
Debt Issuance Costs, Net	$ 7,100,000		$ 7,100,000	$ 7,100,000	7,100,000	7,100,000	3,400,000			$ 7,300,000
Repurchase/redemption premiums on senior unsecured notes					8,800,000	8,781,000	0	$ 0
Write off of Deferred Debt Issuance Cost					2,900,000
Line of Credit Facility, Leverage Ratio, Temporary Adjusted Domestic EBITDA	4.5	4.5		4.75
Line of Credit Facility, Leverage Ratio, Adjusted EBITDA	3.25	3.0
Line of Credit Facility, Leverage Ratio, Temporary Adjusted EBITDA	3.5	2.75	3.25	3.25
Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity											$ 500,000,000.0
Long-term line of credit	$ 123,000,000		$ 123,000,000	$ 123,000,000	123,000,000	123,000,000	$ 335,000,000
Letters of credit outstanding, amount	3,400,000		3,400,000	3,400,000	3,400,000	3,400,000
Remaining borrowing capacity	$ 373,600,000		$ 373,600,000	$ 373,600,000	$ 373,600,000	$ 373,600,000
Commitment fee percentage						0.325%
Interest rate at period end	2.63%		2.63%	2.63%	2.63%	2.63%			2.63%
Repayments of debt						$ (212,000,000.0)
Line of Credit \| Revolving Unsecured Uncommitted Credit Facility due 2023 [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity									$ 600,000,000.0
Long-term line of credit									0
Remaining borrowing capacity									$ 600,000,000.0
Line of Credit \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate						2.50%
Line of Credit \| Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate						1.50%
Line of Credit \| Mexican Central Bank Interbank Equilibrium Rate (TIIE) [Member] \| Revolving Unsecured Uncommitted Credit Facility due 2023 [Member]
Debt Instrument [Line Items]
Basis spread on variable rate						2.50%
Senior Notes \| 4.625% Senior Unsecured Notes due 2028 [Member]
Debt Instrument [Line Items]
Interest rate	4.625%		4.625%	4.625%	4.625%	4.625%			4.625%	4.625%
Face Amount										$ 500,000,000.0
Senior Notes \| Senior notes 2024
Debt Instrument [Line Items]
Interest rate	5.375%		5.375%	5.375%	5.375%	5.375%			5.375%			5.375%
Face Amount												$ 300,000,000.0
Total debt ratio threshold	2.75		2.75	2.75	2.75	2.75			2.75
Redemption price						100.00%
Redemption price (up to)						40.00%
Maximum \| Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Commitment Fee Percentage						50.00%
Minimum \| LIBOR
Debt Instrument [Line Items]
Interest rate	0.00%		0.00%	0.00%	0.00%	0.00%			0.00%
Minimum \| Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Commitment Fee Percentage						32.50%

Income Taxes - Narrative (Details)	12 Months Ended
Income Taxes - Narrative (Details)	Dec. 31, 2020 USD ($) state	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Entity Location [Line Items]
U.S. federal statutory rate			21.00%
Undistributed earnings of foreign subsidiaries	$ 225,200,000
Valuation allowance	$ 5,942,000	$ 6,012,000
Income tax benefit, percent of likelihood of being realized upon settlement	5000.00%
Unrecognized tax benefits	$ 0	0
Income tax penalties and interest accrued	0	0
Income tax penalties and interest expense	$ 0	0	$ 0
Number of states subject to examination in years prior to 2010 \| state	6
Other Tax Expense (Benefit)	$ (1,863,000)	$ 1,100,000	$ 763,000
Foreign Earnings Repatriated	$ 43,000,000.0
United States
Entity Location [Line Items]
U.S. federal statutory rate	21.00%	21.00%
Mexico
Entity Location [Line Items]
U.S. federal statutory rate	30.00%
Guatemala
Entity Location [Line Items]
U.S. federal statutory rate	25.00%
EL Salvador
Entity Location [Line Items]
U.S. federal statutory rate	30.00%
NETHERLANDS
Entity Location [Line Items]
U.S. federal statutory rate	0.00%
COLOMBIA
Entity Location [Line Items]
U.S. federal statutory rate	32.00%

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income from continuing operations before income taxes
Domestic	$ 98,111	$ 145,570	$ 125,056
Foreign	45,588	79,041	80,253
Income before income taxes	143,699	224,611	205,309
Current income taxes:
Federal	14,951	26,624	18,751
Foreign	9,909	21,904	23,231
U.S. state and local	2,158	2,553	2,506
Current provision for income taxes	27,018	51,081	44,488
Deferred provision (benefit) for income taxes:
Federal	4,485	7,498	7,621
Foreign	5,287	863	(566)
U.S. state and local	330	551	560
Total deferred provision for income taxes	10,102	8,912	7,615
Provision for income taxes	37,120	59,993	52,103
Other Tax Expense (Benefit)	$ (1,863)	$ 1,100	$ 763

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Property and equipment	$ 9,905	$ 10,407
Accrued fees on forfeited pawn loans	5,246	8,006
Deferred cost of goods sold deduction	3,622	5,721
Accrued compensation, payroll taxes and employee benefits	4,235	2,163
U.S. state and certain foreign net operating losses	5,942	6,012
Other	3,364	4,428
Total deferred tax assets	32,314	36,737
Deferred tax liabilities:
Intangible assets	81,749	71,814
Deferred Tax Liabilities, Leasing Arrangements	4,188	5,819
Property and equipment	3,759	0
Other	3,691	2,812
Total deferred tax liabilities	93,387	80,445
Net deferred tax liabilities before valuation allowance	61,073	43,708
Valuation allowance	(5,942)	(6,012)
Net deferred tax liabilities	(67,015)	(49,720)
Deferred tax assets	4,158	11,711
Deferred tax liabilities	$ (71,173)	$ (61,431)

Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
U.S. federal statutory rate			21.00%
Tax at the U.S. federal statutory rate	$ 30,177	$ 47,168	$ 43,115
U.S. state income tax, net of federal tax benefit of $522, $652 and $644, respectively	1,965	2,452	2,422
Federal Income tax provision (benefit) for state income taxes	522	652	644
Net incremental income tax expense from foreign earnings (1)	5,732	6,314	6,031
Effective Income Tax Rate Reconciliation, Tax Cuts and Jobs Act, Amount	0	0	(1,494)
Non-deductible compensation expense	1,050	2,074	1,827
Other taxes and adjustments, net	59	885	(561)
Provision for income taxes	$ 37,120	$ 59,993	$ 52,103
Effective tax rate	25.80%	26.70%	25.40%
Foreign inflation index adjustment	$ 2,000	$ 2,300	$ 3,300
Other Tax Expense (Benefit)	$ (1,863)	$ 1,100	$ 763

Commitments and Contingencies - Narrative (Details)	Dec. 31, 2020 oz $ / oz
Forward Contracts \| Gold, Ounces
Guarantor Obligations [Line Items]
Investment contract weight \| oz	24,500
Derivative, average forward price \| $ / oz	1,840
Minimum
Guarantor Obligations [Line Items]
Operating leases term	3 years
Maximum
Guarantor Obligations [Line Items]
Operating leases term	5 years

Goodwill and Other Intangible Assets - Goodwill Roll-forward (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Balance, beginning of year	$ 948,643,000	$ 917,419,000
Merger and other acquisitions	33,434,000	27,306,000
Effect of foreign currency translation	(6,505,000)	5,175,000
Other adjustments	1,809,000	(1,257,000)
Balance, end of year	977,381,000	948,643,000
Goodwill impairment	0	0
United States
Goodwill [Line Items]
Balance, beginning of year	771,311,000	759,538,000
Merger and other acquisitions	28,978,000	11,773,000
Effect of foreign currency translation	0	0
Other adjustments	1,859,000	0
Balance, end of year	802,148,000	771,311,000
Latin America Operations
Goodwill [Line Items]
Balance, beginning of year	177,332,000	157,881,000
Merger and other acquisitions	4,456,000	15,533,000
Effect of foreign currency translation	(6,505,000)	5,175,000
Other adjustments	(50,000)	(1,257,000)
Balance, end of year	$ 175,233,000	$ 177,332,000

Goodwill and Other Intangible Assets - Intangible Assets Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expenses of intangible assets	$ 2,300	$ 2,900	$ 6,600
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	25,782	25,899
Accumulated Amortization	(23,918)	(21,681)
Net Carrying Amount	$ 1,864	$ 4,218
Weighted average amortization period remaining, in years	10 months 24 days

Goodwill and Other Intangible Assets - Goodwill Future Amortization (Details) - Goodwill $ in Thousands	Dec. 31, 2020 USD ($)
2019	$ 1,299
2020	295
2021	230
2022	31
2023	9
Total future amortization	$ 1,864

Goodwill and Other Intangible Assets - Indefinite-Lived Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of intangible assets,indefinite-lived	$ 0	$ 0
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	81,787,000	81,657,000
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	46,300,000	46,300,000
Pawn licenses
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	34,237,000	34,107,000
Other indefinite-lived intangibles
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 1,250,000	$ 1,250,000

Equity Compensation Plans and Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Additional Disclosures [Abstract]
Exercise price (in dollars per share)	$ 38
Options and warrants outstanding, intrinsic value	$ 0.3
Options and warrants exercises in period, total intrinsic value	$ 1.8	$ 0.6	$ 0.5
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Shares issued in period	0
Nonvested “restricted” stock
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Total intrinsic value for nonvested common stock awards vested during period	$ 9.4	$ 2.1	$ 1.6
Total intrinsic value for nonvested common stock awards outstanding	$ 26.2
Weighted-average period of recognition (years)	1 year 6 months
Total compensation cost not yet recognized, nonvested common stock awards	$ 13.5
Time Based Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (shares)	21,000	19,000	17,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Vesting period	5 years	5 years	5 years
Stock Options and Warrants
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Additional Disclosures [Abstract]
Exercise price (in dollars per share)	$ 0	$ 39.00	$ 39.33
Stock Options and Warrants \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	10 years
2020 Performance Based Awards \| Minimum
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Target share award earned, percentage	0.00%
2020 Performance Based Awards \| Maximum
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Target share award earned, percentage	150.00%
2019 And 2018 Performance Based Awards \| Minimum
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Target share award earned, percentage	0.00%
2019 And 2018 Performance Based Awards \| Maximum
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Target share award earned, percentage	150.00%
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Additional Disclosures [Abstract]
Unvested option to purchase shares (in shares)	10,000
Prior to merger
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant	3,395,000

Equity Compensation Plans and Share-Based Compensation - Restricted Stock Unit Award Activity (Details) - $ / shares shares in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Underlying Shares - Outstanding at beginning of year		357	254	157
Underlying Shares - Outstanding at end of year	373	373	357	254
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted-Average Exercise Price - Outstanding at beginning of year		$ 69.13	$ 59.53	$ 47.36
Weighted-Average Exercise Price - Outstanding at end of year	$ 77.40	$ 77.40	$ 69.13	$ 59.53
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Underlying Shares - Granted		238	109	102
Underlying Shares - Exercised		(117)	(10)	(10)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted-Average Exercise Price - Granted		$ 78.40	$ 86.86	$ 72.70
Weighted-Average Exercise Price - Vested		$ 48.25	$ 45.93	$ 45.93
Vesting period		3 years
Time Based Shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Underlying Shares - Granted		21	19	17
Underlying Shares - Exercised		(12)	(15)	(12)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted-Average Exercise Price - Granted		$ 84.93	$ 86.86	$ 72.70
Weighted-Average Exercise Price - Vested		$ 76.84	$ 73.78	$ 43.55
Vesting period		5 years	5 years	5 years
Performance-Based Canceled
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Underlying Shares - Exercised		(114)	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted-Average Exercise Price - Vested		$ 84.93	$ 0	$ 0
Grant date fair value of replacement performance-based awards	$ 72.37

Equity Compensation Plans and Share-Based Compensation - Warranty and Options Activity (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted-Average Exercise Price - Exercisable at end of year	$ 38
Stock Options and Warrants
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Outstanding [Roll Forward]
Underlying Shares - Outstanding at beginning of year	70	80	90
Underlying Shares - Exercised	(60)	(10)	(10)
Underlying Shares - Outstanding at end of year	10	70	80
Underlying Shares - Exercisable at end of year	0	40	30
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted-Average Exercise Price - Outstanding at beginning of year	$ 38.86	$ 39.00	$ 39.11
Weighted-Average Exercise Price - Exercised	39.00	40.00	40.00
Weighted-Average Exercise Price - Outstanding at end of year	38.00	38.86	39.00
Weighted-Average Exercise Price - Exercisable at end of year	$ 0	$ 39.00	$ 39.33

Equity Compensation Plans and Share-Based Compensation - Share-based Compensation Allocation of Period Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Gross compensation costs:	$ 2,914	$ 8,680	$ 5,786
Income tax benefits:	(995)	(416)	(1,414)
Net compensation expense	1,919	8,264	4,372
Stock options
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Gross compensation costs:	15	43	74
Income tax benefits:	(94)	(114)	(94)
Nonvested “restricted” stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Gross compensation costs:	2,899	8,637	5,712
Income tax benefits:	$ (901)	$ (302)	$ (1,320)

Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
Benefit Plans (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Contribution Plan Disclosure [Line Items]
Maximum annual contribution per employee	100.00%
Vesting period for company contributions	5 years
Employer contribution amount	$ 3.3	$ 3.1	$ 3.1
Minimum
Defined Contribution Plan Disclosure [Line Items]
Vesting period until participation in 401(k)	6 months
First Cash
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution	5.00%
Rate of employer match	50.00%

Segment and Geographic Information - Segment Information (Details) $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 31, 2020 USD ($)	Sep. 30, 2020 USD ($)	Jun. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Sep. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2020 USD ($) segment	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Schedule of Revenues from External Customers and Assets [Line Items]
Number of reportable segments \| segment										2
Revenue:
Retail merchandise sales										$ 1,075,518	$ 1,175,561	$ 1,091,614
Pawn loan fees										457,517	564,824	525,146
Wholesale scrap jewelry sales										96,233	103,876	107,821
Consumer loan and credit services fees										2,016	20,178	56,277
Total revenue	$ 392,158	$ 359,890	$ 412,746	$ 466,490	$ 498,362	$ 452,459	$ 446,014	$ 467,604		1,631,284	1,864,439	1,780,858
Cost of revenue:
Cost of retail merchandise sold										641,087	745,861	696,666
Cost of wholesale scrap jewelry sold										79,546	96,072	99,964
Total cost of revenue	166,167	157,152	189,645	207,181	231,098	201,480	201,709	211,805		720,145	846,092	814,091
Net revenue	225,991	202,738	223,101	259,309	267,264	250,979	244,305	255,799		911,139	1,018,347	966,767
Expenses and other income:
Store operating expenses										562,158	595,539	563,321
Administrative expenses										110,931	122,334	120,042
Depreciation and amortization										42,105	41,904	42,961
Interest expense										29,344	34,035	29,173
Interest income										(1,540)	(1,055)	(2,444)
Merger and acquisition expenses										1,316	1,766	7,643
Loss (gain) on foreign exchange										884	(787)	762
Loss on extinguishment of debt										11,737	0	0
Total expenses and other income	182,884	$ 185,052	$ 185,912	$ 213,592	195,746	$ 202,015	$ 199,019	$ 196,956		767,440	793,736	761,458
Income before income taxes										143,699	224,611	205,309
Pawn loans	308,231				369,527				$ 362,941	308,231	369,527	362,941
Consumer loans, net	0				751				15,902	0	751	15,902
Inventories	190,352				265,256				275,130	190,352	265,256	275,130
Goodwill	977,381				948,643				917,419	977,381	948,643	917,419
Total assets	2,372,197				2,439,440				2,107,974	2,372,197	2,439,440	2,107,974
Asset Impairment Charges									1,500	10,505	0	0
Provision for Loan and Lease Losses										(488)	4,159	17,461
U.S. Operations
Revenue:
Retail merchandise sales										720,281	722,127	709,594
Pawn loan fees										310,437	379,395	373,406
Wholesale scrap jewelry sales										45,405	71,813	85,718
Consumer loan and credit services fees										2,016	20,178	55,417
Total revenue										1,078,139	1,193,513	1,224,135
Cost of revenue:
Cost of retail merchandise sold										415,938	447,911	450,516
Cost of wholesale scrap jewelry sold										39,584	65,941	78,308
Total cost of revenue										455,034	518,011	546,047
Net revenue										623,105	675,502	678,088
Expenses and other income:
Store operating expenses										396,627	412,508	414,097
Administrative expenses										0	0	0
Depreciation and amortization										21,743	20,860	21,021
Interest expense										0	0	0
Interest income										0	0	0
Merger and acquisition expenses										0	0	0
Loss (gain) on foreign exchange										0	0	0
Loss on extinguishment of debt										0
Total expenses and other income										418,370	433,368	435,118
Income before income taxes										204,735	242,134	242,970
Pawn loans	220,391				268,793				271,584	220,391	268,793	271,584
Consumer loans, net					751				15,902		751	15,902
Inventories	136,109				181,320				199,978	136,109	181,320	199,978
Goodwill	802,148				771,311				759,538	802,148	771,311	759,538
Total assets	1,718,975				1,767,504				1,534,542	1,718,975	1,767,504	1,534,542
Asset Impairment Charges										0
Provision for Loan and Lease Losses										(488)	4,159	17,223
Latin America Operations
Revenue:
Retail merchandise sales										355,237	453,434	382,020
Pawn loan fees										147,080	185,429	151,740
Wholesale scrap jewelry sales										50,828	32,063	22,103
Consumer loan and credit services fees										0	0	860
Total revenue										553,145	670,926	556,723
Cost of revenue:
Cost of retail merchandise sold										225,149	297,950	246,150
Cost of wholesale scrap jewelry sold										39,962	30,131	21,656
Total cost of revenue										265,111	328,081	268,044
Net revenue										288,034	342,845	288,679
Expenses and other income:
Store operating expenses										165,531	183,031	149,224
Administrative expenses										0	0	0
Depreciation and amortization										15,816	14,626	11,333
Interest expense										0	0	0
Interest income										0	0	0
Merger and acquisition expenses										0	0	0
Loss (gain) on foreign exchange										0	0	0
Loss on extinguishment of debt										0
Total expenses and other income										181,347	197,657	160,557
Income before income taxes										106,687	145,188	128,122
Pawn loans	87,840				100,734				91,357	87,840	100,734	91,357
Consumer loans, net					0				0		0	0
Inventories	54,243				83,936				75,152	54,243	83,936	75,152
Goodwill	175,233				177,332				157,881	175,233	177,332	157,881
Total assets	540,473				574,059				407,282	540,473	574,059	407,282
Asset Impairment Charges										0
Provision for Loan and Lease Losses										0	0	238
Corporate
Revenue:
Retail merchandise sales										0	0	0
Pawn loan fees										0	0	0
Wholesale scrap jewelry sales										0	0	0
Consumer loan and credit services fees										0	0	0
Total revenue										0	0	0
Cost of revenue:
Cost of retail merchandise sold										0	0	0
Cost of wholesale scrap jewelry sold										0	0	0
Total cost of revenue										0	0	0
Net revenue										0	0	0
Expenses and other income:
Store operating expenses										0	0	0
Administrative expenses										110,931	122,334	120,042
Depreciation and amortization										4,546	6,418	10,607
Interest expense										29,344	34,035	29,173
Interest income										(1,540)	(1,055)	(2,444)
Merger and acquisition expenses										1,316	1,766	7,643
Loss (gain) on foreign exchange										884	(787)	762
Loss on extinguishment of debt										11,737
Total expenses and other income										167,723	162,711	165,783
Income before income taxes										(167,723)	(162,711)	(165,783)
Pawn loans	0				0				0	0	0	0
Consumer loans, net					0				0		0	0
Inventories	0				0				0	0	0	0
Goodwill	0				0				0	0	0	0
Total assets	$ 112,749				$ 97,877				$ 166,150	112,749	97,877	166,150
Asset Impairment Charges										10,505
Provision for Loan and Lease Losses										$ 0	$ 0	$ 0

Segment and Geographic Information - Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 392,158	$ 359,890	$ 412,746	$ 466,490	$ 498,362	$ 452,459	$ 446,014	$ 467,604	$ 1,631,284	$ 1,864,439	$ 1,780,858
Long-Lived Assets	383,485				347,673				383,485	347,673	300,883
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									1,078,139	1,193,513	1,224,135
Long-Lived Assets	286,079				254,395				286,079	254,395	226,358
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									530,462	641,505	531,744
Long-Lived Assets	82,438				80,385				82,438	80,385	65,260
Other Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									22,683	29,421	24,979
Long-Lived Assets	$ 14,968				$ 12,893				$ 14,968	$ 12,893	$ 9,265

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Total revenue	$ 392,158	$ 359,890	$ 412,746	$ 466,490	$ 498,362	$ 452,459	$ 446,014	$ 467,604	$ 1,631,284	$ 1,864,439	$ 1,780,858
Total cost of revenue	166,167	157,152	189,645	207,181	231,098	201,480	201,709	211,805	720,145	846,092	814,091
Net revenue	225,991	202,738	223,101	259,309	267,264	250,979	244,305	255,799	911,139	1,018,347	966,767
Total expenses and other income	182,884	185,052	185,912	213,592	195,746	202,015	199,019	196,956	767,440	793,736	761,458
Net income	$ 32,726	$ 15,062	$ 25,873	$ 32,918	$ 54,154	$ 34,761	$ 33,048	$ 42,655	$ 106,579	$ 164,618	$ 153,206
Diluted income per share:
Net income per diluted share (in dollars per share)	$ 0.79	$ 0.36	$ 0.62	$ 0.78	$ 1.27	$ 0.81	$ 0.76	$ 0.98	$ 2.56	$ 3.81	$ 3.41
Diluted weighted-average shares	41,331	41,536	41,531	42,007	42,760	43,167	43,256	43,658	41,600	43,208	44,884

Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.

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+ Details

- Definition

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