10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2018

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________to__________

Commission File Number 1-38315

CURO GROUP HOLDINGS CORP.

(Exact name of registrant as specified in its charter)

Delaware	90-0934597
(State or other jurisdiction Of incorporation or organization)	(I.R.S. Employer Identification No.)
3527 North Ridge Road, Wichita, KS	67205
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (316) 425-1410

Former name, former address and former fiscal year, if changed since last report: No Changes

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes ☒    No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐		Accelerated filer	☐
Non-accelerated filer	☒	(Do not check if a smaller reporting company)
Smaller reporting company	☐		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes ☐    No ☒

At July 31, 2018 there were 45,770,551 shares of the registrant’s Common Stock, $0.001 par value per share, outstanding.

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

FORM 10-Q

SECOND QUARTER ENDED JUNE 30, 2018

INDEX

		Page
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)
	Condensed Consolidated Balance Sheets –
	June 30, 2018 and December 31, 2017	3
	Condensed Consolidated Statements of Income –
	Three and six months ended June 30, 2018 and 2017	4
	Condensed Consolidated Statements of Comprehensive Income –
	Three and six months ended June 30, 2018 and 2017	5
	Condensed Consolidated Statements of Cash Flows -
	Six months ended June 30, 2018 and 2017	6
	Notes to Condensed Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	36
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	61
Item 4.	Controls and Procedures	62
PART 2 – OTHER INFORMATION
Item 1.	Legal Proceedings	62
Item 1A.	Risk Factors	62
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	63
Item 3.	Defaults Upon Senior Securities	63
Item 4.	Mine Safety Disclosures	63
Item 5.	Other Information	63
Item 6.	Exhibits	63

2

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

	June 30, 2018			December 31, 2017
	(Unaudited)
ASSETS
Cash	$	115,105		$	162,374
Restricted cash (includes restricted cash of consolidated VIEs of $7,274 and $6,871 as of June 30, 2018 and December 31, 2017, respectively)	12,448			12,117
Gross loans receivable (includes loans of consolidated VIEs of $199,877 and $213,846 as of June 30, 2018 and December 31, 2017, respectively)	444,627			432,837
Less: allowance for loan losses (includes loans of consolidated VIEs of $28,545 and $46,140 as of June 30, 2018 and December 31, 2017, respectively)	(59,754		)	(69,568		)
Loans receivable, net	384,873			363,269
Deferred income taxes	3,697			772
Income taxes receivable	623			3,455
Prepaid expenses and other	36,297			42,512
Property and equipment, net	80,420			87,086
Goodwill	143,753			145,607
Other intangibles, net of accumulated amortization of $42,382 and $41,156 as of June 30, 2018 and December 31, 2017, respectively)	30,825			32,769
Other	12,809			9,770
Total Assets	$	820,850		$	859,731
LIABILITIES AND STOCKHOLDER’S EQUITY
Accounts payable and accrued liabilities	$	53,557		$	55,792
Deferred revenue	10,548			11,984
Income taxes payable	5,475			4,120
Accrued interest (includes accrued interest of consolidated VIEs of $1,237 and $1,266 as of June 30, 2018 and December 31, 2017, respectively)	22,175			25,467
Credit services organization guarantee liability	11,619			17,795
Deferred rent	11,481			11,577
Long-term debt (includes long-term debt and issuance costs of consolidated VIEs of $118,427 and $3,653 as of June 30, 2018 and $124,590 and $4,188 as of December 31, 2017, respectively)	626,833			706,225
Subordinated shareholder debt	2,278			2,381
Other long-term liabilities	6,589			5,768
Deferred tax liabilities	17,446			11,486
Total Liabilities	768,001			852,595
Commitments and contingencies
Stockholder's Equity
Preferred stock - $0.001 par value, 25,000,000 shares authorized; no shares were issued at either period end	—			—
Class A common stock - $0.001 par value; 225,000,000 shares authorized; 45,770,551 and 44,561,419 issued and outstanding as of June 30, 2018 and December 31, 2017, respectively)	9			8
Paid-in capital	62,573			46,079
Retained earnings	43,254			3,988
Accumulated other comprehensive loss	(52,987		)	(42,939		)
Total Stockholders' Equity	52,849			7,136
Total Liabilities and Stockholders' Equity	$	820,850		$	859,731

See accompanying Notes to Condensed Consolidated Financial Statements.

3

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share data)

(unaudited)

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Revenue	$	248,983	$	216,944	$	510,741	$	441,524
Provision for losses	91,986		65,446		173,017		127,182
Net revenue	156,997		151,498		337,724		314,342
Cost of providing services
Salaries and benefits	26,907		26,300		53,826		52,733
Occupancy	13,320		13,511		26,747		27,606
Office	6,077		4,936		13,057		9,804
Other costs of providing services	12,727		13,108		27,127		27,963
Advertising	17,554		11,641		27,310		19,329
Total cost of providing services	76,585		69,496		148,067		137,435
Gross margin	80,412		82,002		189,657		176,907
Operating expense
Corporate, district and other	38,655		36,557		79,109		69,550
Interest expense	20,465		18,484		42,814		41,850
Loss on extinguishment of debt	—		—		11,683		12,458
Total operating expense	59,120		55,041		133,606		123,858
Net income before income taxes	21,292		26,961		56,051		53,049
Provision for income taxes	5,317		10,619		16,784		20,069
Net income	$	15,975	$	16,342	$	39,267	$	32,980
Weighted average common shares outstanding:
Basic	45,650		37,895		45,578		37,895
Diluted	47,996		38,987		47,757		38,983
Net income per common share:
Basic earnings per share	$	0.35	$	0.43	$	0.86	$	0.87
Diluted earnings per share:	$	0.33	$	0.42	$	0.82	$	0.85

See accompanying Notes to Condensed Consolidated Financial Statements.

4

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

(unaudited)

	Three Months Ended June 30,					Six Months Ended June 30,
	2018			2017		2018			2017
Net income	$	15,975		$	16,342	$	39,267		$	32,980
Other comprehensive income (loss):
Cash flow hedges, net of $0 tax in all periods	(439		)	375		(385		)	333
Foreign currency translation adjustment, net of $0 tax in all periods	(6,752		)	6,961		(9,663		)	9,751
Other comprehensive income (loss)	(7,191		)	7,336		(10,048		)	10,084
Comprehensive income	$	8,784		$	23,678	$	29,219		$	43,064

See accompanying Notes to Condensed Consolidated Financial Statements.

5

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

	Six Months Ended June 30,
	2018			2017
Cash flows from operating activities
Net income	$	39,267		$	32,980
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,259			9,330
Provision for loan losses	173,017			127,182
Amortization of debt issuance costs	2,493			1,702
Amortization of bond discount/(premium)	(376		)	424
Deferred income tax benefit	3,199			(653		)
Loss on disposal of property and equipment	517			244
Loss on extinguishment of debt	11,683			12,458
Call premium payment from debt extinguishment	(9,300		)	—
Increase in cash surrender value of life insurance	(2,223		)	(679		)
Share-based compensation expense	4,023			219
Changes in operating assets and liabilities:
Loans receivable	(206,147		)	(150,450		)
Prepaid expenses and other assets	6,092			2,974
Accounts payable and accrued liabilities	(2,292		)	(6,146		)
Deferred revenue	(1,215		)	(698		)
Income taxes payable	26,727			3,780
Income taxes receivable	(18,436		)	3,200
Deferred rent	(31		)	31
Accrued Interest	(3,284		)	—
Other liabilities	922			13,876
Net cash provided by operating activities	33,895			49,774
Cash flows from investing activities
Purchase of property, equipment and software	(3,055		)	(6,828		)
Cash paid for Cognical Holdings preferred shares	(958		)	(4,975		)
Changes in restricted cash	(411		)	(4,437		)
Net cash used in investing activities	(4,424		)	(16,240		)
Cash flows from financing activities
Net proceeds from issuance of common stock	12,431			—
Proceeds from exercise of stock options	39			—
Proceeds from Non-Recourse U.S. SPV facility	13,000			41,130
Payments on Non-Recourse U.S. SPV facility	(19,163		)	(25,142		)
Proceeds from issuance of 12.00% Senior Secured Notes	—			461,329
Payments on 10.75% Senior Secured Notes	—			(426,034		)
Payments on 12.00% Senior Secured Notes	(77,500		)	—
Payments on 12.00% Senior Cash Pay Notes	—			(125,000		)
Debt issuance costs paid	(168		)	(14,002		)
Proceeds from credit facilities	18,798			—
Payments on credit facilities	(18,798		)	—
Dividends paid to stockholders	—			(28,000		)
Net cash used in financing activities	(71,361		)	(115,719		)
Effect of exchange rate changes on cash	(5,379		)	2,440
Net decrease in cash	(47,269		)	(79,745		)
Cash at beginning of period	162,374			193,525
Cash at end of period	$	115,105		$	113,780

See accompanying Notes to Condensed Consolidated Financial Statements.

6

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

Basis of Presentation

The terms “CURO," "we,” “our,” “us,” and the “Company,” refer to CURO Group Holdings Corp. and its directly and indirectly owned subsidiaries as a combined entity, except where otherwise stated. The term "CFTC" refers to CURO Financial Technologies Corp., a subsidiary of CURO, and its directly and indirectly owned subsidiaries as a consolidated entity, except where otherwise stated.

We have prepared the accompanying unaudited Condensed Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and with the accounting policies described in our 2017 Annual Report on Form 10-K. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with US GAAP have been condensed or omitted, although we believe that the disclosures are adequate to enable a reasonable understanding of the information presented.

The unaudited Condensed Consolidated Financial Statements and the accompanying notes reflect all adjustments, which are, in the opinion of management, necessary to present fairly our results of operations, financial position and cash flows for the periods presented. The adjustments consist solely of normal recurring adjustments. You should read the Condensed Consolidated Financial Statements in conjunction with the Consolidated Financial Statements and related Notes included in our 2017 Annual Report on Form 10-K. Interim results of operations are not necessarily indicative of results that may be expected for future interim periods or for the year ending December 31, 2018.

We completed our initial public offering ("IPO") in December 2017. Prior to our IPO we effected a 36-for-1 split of our common stock. We have retroactively adjusted all share and per share data for all periods presented to reflect the stock split as if the stock split had occurred at the beginning of the earliest period presented.

We qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"). As an emerging growth company, we have elected to take advantage of specified reduced reporting and other requirements that are otherwise generally required of public companies.

Principles of Consolidation

The Condensed Consolidated Financial Statements include the accounts of CURO and its wholly-owned subsidiaries. We have eliminated intercompany transactions and balances in consolidation.

Use of Estimates

The preparation of Condensed Consolidated Financial Statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenues and expenses during the periods reported. Some of the significant estimates that we have made in the accompanying Condensed Consolidated Financial Statements include allowances for loan losses, certain assumptions related to goodwill and intangibles, accruals related to self-insurance, Credit Services Organization ("CSO") guarantee liability and estimated tax liabilities. Actual results may differ from those estimates.

Nature of Operations

We are a growth-oriented, technology-enabled, highly-diversified consumer finance company serving a wide range of underbanked consumers in the United States ("U.S."), Canada, and the United Kingdom ("U.K.").

7

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Recently Adopted Accounting Pronouncements

In May 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09"). Under modification accounting, an entity is required to re-value its equity awards each time there is a modification to the terms of the awards. The provisions in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to account for the effects of a modification, unless certain conditions are met. The amendments in this update were effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. ASU 2017-09 was effective for us as of January 1, 2018. The adoption of this amendment did not have a material impact on our Consolidated Financial Statements.

Recently Issued Accounting Pronouncements Not Yet Adopted

In February 2018, FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive income ("ASU 2018-02"). Current US GAAP requires deferred tax liabilities and assets to be adjusted for the effect of a change in tax laws or rates with the effect included in income from continuing operations in the period the change is enacted, including items of other comprehensive income for which the related tax effects are presented in other comprehensive income (“stranded tax effects”). ASU 2018-02 allows, but does not require, companies to reclassify stranded tax effects caused by the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") from accumulated other comprehensive income to retained earnings. Additionally, ASU 2018-02 requires new disclosures by all companies, whether they opt to do the reclassification or not. The provisions of ASU 2018-02 are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Companies should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the 2017 Tax Act is recognized. We are currently assessing the impact adoption of ASU 2018-02 will have on our Consolidated Financial Statements.

In September 2017, FASB issued ASU 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments ("ASU 2017-13"). ASU 2017-13 amends the early adoption date option for public entities related to the adoption of ASU No. 2014-09 and ASU No. 2016-02. We are currently assessing the impact adoption of Topic 606 and Topic 842 will have on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplified the goodwill impairment test by eliminating Step 2 of the test which requires an entity to compute the implied fair value of goodwill. Instead, an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, and is limited to the amount of total goodwill allocated to that reporting unit. Under ASU 2017-04, 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 provisions of ASU 2017-04 are effective for a public entity's annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019 and effective for us, as an emerging growth company, in fiscal years beginning after December 15, 2021. We are currently assessing the impact adoption of ASU 2017-04 will have on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the definition of a Business ("ASU 2017-01"). ASU 2017-01 narrows the definition of a business and provides a framework that gives an entity a basis for making reasonable judgments about whether a transaction involves an asset or a business and provides a screen to determine when a set (an integrated set of assets and activities) is not a business. The screen requires a determination that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If the screen is not met, ASU 2017-01 (i) requires that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (ii) remove the evaluation of whether a market participant could replace missing elements. The amendments provide a framework to assist

8

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

entities in evaluating whether both an input and a substantive process are present. ASU 2017-01 is effective prospectively for public companies for annual periods beginning after December 15, 2017 including interim periods therein, and it will be effective for us, as an emerging growth company, for annual periods beginning after December 15, 2018 and interim periods beginning after December 15, 2019. We are currently assessing the impact adoption of ASU 2017-01 will have on our Consolidated Financial Statements.

In November 2016, FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash ("ASU 2016-18"). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for public companies for fiscal years beginning after December 15, 2017 and interim periods therein, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods beginning after December 15, 2019. The amendments should be applied using a retrospective transition method to each period presented. We are currently assessing the impact adoption of ASU 2016-18 will have on our Consolidated Financial Statements.

In August 2016, FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) (“ASU 2016-15”). The amendments in ASU 2016-15 provide guidance on eight specific cash flow issues, including debt prepayment or debt extinguishment costs, contingent consideration payments made after a business combination, distributions received from equity method investees and beneficial interests in securitization transactions. ASU 2016-15 is currently effective for public companies, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. We are currently assessing the potential impact ASU 2016-15 will have on our Consolidated Statements of Cash Flows.

In June 2016, FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” ("ASU 2016-13"). This ASU modifies the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. ASU 2016-13 will be effective for public companies for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2020 and interim periods within fiscal years beginning after December 15, 2021. We anticipate that ASU 2016-13 will impact our current process for measuring credit losses and are currently assessing the impact it will have on our Consolidated Financial Statements.

In February 2016, FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payment arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged and lessees will no longer be provided with a source of off-balance sheet financing. ASU 2016-02 will be effective for public companies for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. We expect ASU 2016-02 will have an impact on our balance sheet with recognition of right-of-use assets which were previously operating leases. We are currently assessing the full impact ASU 2016-02 will have on our Consolidated Financial Statements and expect an estimate of impact in the second half of 2018.

9

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

In January 2016, FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”) which requires (i) equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, (ii) public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). ASU 2016-01 eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is currently effective for public companies, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. We are currently assessing the impact this ASU will have on our Consolidated Financial Statements.

In November 2015, FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-07 eliminates the requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. ASU 2015-17 is currently effective for public companies, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2017 and interim periods within fiscal years beginning after December 15, 2018. We do not expect that adoption of this amendment will have a material impact on our Consolidated Financial Statements.

In August 2015, FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) (“ASU 2015-14”), which deferred the effect date of ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), for public companies to fiscal years beginning after December 15, 2017 and interim periods within those fiscal years, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. If we are no longer an emerging growth company as of December 31, 2018, we must adopt the provision of this standard retroactively as of January 1, 2018. In May 2014, FASB issued ASU 2014-09 which amended the existing accounting standards for revenue recognition. ASU 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. We do not expect that adoption of ASU 2014-09 will have a material impact on our Consolidated Financial Statements.

NOTE 2 - VARIABLE INTEREST ENTITIES

We hold a credit facility whereby we sell certain loan receivables to wholly-owned, bankruptcy-remote special purpose subsidiaries ("VIEs") and we incur additional debt through the Non-Recourse U.S. SPV facility (See Note 5 - Long-Term Debt for further discussion) that is collateralized by these underlying loan receivables.

We have determined that we are the primary beneficiary of the VIEs and are required to consolidate them. We include the assets and liabilities related to the VIEs in our Consolidated Financial Statements and we account for them as secured borrowings. We parenthetically disclose on our Consolidated Balance Sheets the VIEs’ assets that can only be used to settle the VIEs' obligations and liabilities if the VIEs’ creditors have no recourse against our general credit.

10

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The carrying amounts of consolidated VIEs' assets and liabilities associated with our special purpose subsidiaries were as follows:

(in thousands)	June 30, 2018		December 31, 2017
Assets
Restricted Cash	$	7,274	$	6,871
Loans receivable less allowance for loan losses	171,332		167,706
Total Assets	$	178,606	$	174,577
Liabilities
Accounts payable and accrued liabilities	$	14	$	12
Accrued interest	1,237		1,266
Long-term debt	114,774		120,402
Total Liabilities	$	116,025	$	121,680

NOTE 3 – LOANS RECEIVABLE AND REVENUE

The following table summarizes revenue by product for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2018		2017		2018		2017
Unsecured Installment	$	123,473	$	105,149	$	256,419	$	214,580
Secured Installment	25,777		23,173		52,633		46,842
Open-End	27,222		15,805		54,445		33,712
Single-Pay	61,602		63,241		125,307		127,031
Ancillary	10,909		9,576		21,937		19,359
Total revenue	$	248,983	$	216,944	$	510,741	$	441,524

The following tables summarize Loans receivable by product and the related delinquent loans receivable at June 30, 2018:

	June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	89,574		$	139,142		$	69,788		$	91,034		$	389,538
Delinquent loans receivable	—			40,272			14,817			—			55,089
Total loans receivable	89,574			179,414			84,605			91,034			444,627
Less: allowance for losses	(4,372		)	(35,279		)	(10,386		)	(9,717		)	(59,754		)
Loans receivable, net	$	85,202		$	144,135		$	74,219		$	81,317		$	384,873

	June 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	17,052	$	7,551	$	24,603
31-60 days past due	11,886		3,892		15,778
61-90 days past due	11,334		3,374		14,708
Total delinquent loans receivable	$	40,272	$	14,817	$	55,089

11

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following tables summarize Loans receivable by product and the related delinquent loans receivable at December 31, 2017:

	December 31, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	99,400		$	151,343		$	73,165		$	47,949		$	371,857
Delinquent loans receivable	—			44,963			16,017			—			60,980
Total loans receivable	99,400			196,306			89,182			47,949			432,837
Less: allowance for losses	(5,916		)	(43,754		)	(13,472		)	(6,426		)	(69,568		)
Loans receivable, net	$	93,484		$	152,552		$	75,710		$	41,523		$	363,269

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	18,358	$	8,116	$	26,474
31-60 days past due	12,836		3,628		16,464
61-90 days past due	13,769		4,273		18,042
Total delinquent loans receivable	$	44,963	$	16,017	$	60,980

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at June 30, 2018:

	June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	56,055		$	2,379		$	58,434
Delinquent loans receivable guaranteed by the Company	10,318			428			10,746
Total loans receivable guaranteed by the Company	66,373			2,807			69,180
Less: CSO guarantee liability	(11,193		)	(426		)	(11,619		)
Loans receivable guaranteed by the Company, net	$	55,180		$	2,381		$	57,561

	June 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	8,835	$	362	$	9,197
31-60 days past due	1,043		39		1,082
61-90 days past due	440		27		467
Total delinquent loans receivable	$	10,318	$	428	$	10,746

12

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at December 31, 2017:    

	December 31, 2017
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	62,676		$	3,098		$	65,774
Delinquent loans receivable guaranteed by the Company	12,480			537			13,017
Total loans receivable guaranteed by the Company	75,156			3,635			78,791
Less: CSO guarantee liability	(17,073		)	(722		)	(17,795		)
Loans receivable guaranteed by the Company, net	$	58,083		$	2,913		$	60,996

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	10,477	$	459	$	10,936
31-60 days past due	1,364		41		1,405
61-90 days past due	639		37		676
Total delinquent loans receivable	$	12,480	$	537	$	13,017

13

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following table summarizes activity in the allowance for loan losses during the three months ended June 30, 2018:

	Three Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,485		$	37,916		$	11,639		$	6,846		$	—		$	60,886
Charge-offs	(44,817		)	(36,102		)	(11,082		)	(23,807		)	(593		)	(116,401		)
Recoveries	30,274			6,368			2,296			11,883			40			50,861
Net charge-offs	(14,543		)	(29,734		)	(8,786		)	(11,924		)	(553		)	(65,540		)
Provision for losses	14,527			27,434			7,533			14,848			553			64,895
Effect of foreign currency translation	(97		)	(337		)	—			(53		)	—			(487		)
Balance, end of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Allowance for loan losses as a percentage of gross loan receivables	4.9		%	19.7		%	12.3		%	10.7		%	N/A			13.4		%

The following table summarizes activity in the CSO guarantee liability during the three months ended June 30, 2018:

	Three Months Ended June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	9,886		$	526		$	10,412
Charge-offs	(33,017		)	(993		)	(34,010		)
Recoveries	7,350			776			8,126
Net charge-offs	(25,667		)	(217		)	(25,884		)
Provision for losses	26,974			117			27,091
Balance, end of period	$	11,193		$	426		$	11,619

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended June 30, 2018:

	Three Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,485		$	47,802		$	12,165		$	6,846		$	—		$	71,298
Charge-offs	(44,817		)	(69,119		)	(12,075		)	(23,807		)	(593		)	(150,411		)
Recoveries	30,274			13,718			3,072			11,883			40			58,987
Net charge-offs	(14,543		)	(55,401		)	(9,003		)	(11,924		)	(553		)	(91,424		)
Provision for losses	14,527			54,408			7,650			14,848			553			91,986
Effect of foreign currency translation	(97		)	(337		)	—			(53		)	—			(487		)
Balance, end of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373

14

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following table summarizes activity in the allowance for loan losses during the three months ended June 30, 2017:

	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,719		$	42,040		$	20,270		$	4,572		$	—		$	71,601
Charge-offs	(44,020		)	(24,574		)	(6,941		)	(8,447		)	(1,261		)	(85,243		)
Recoveries	30,190			5,716			1,787			4,104			777			42,574
Net charge-offs	(13,830		)	(18,858		)	(5,154		)	(4,343		)	(484		)	(42,669		)
Provision for losses	14,284			17,845			4,081			4,298			484			40,992
Effect of foreign currency translation	140			379			(1		)	(4		)	—			514
Balance, end of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Allowance for loan losses as a percentage of gross loan receivables	5.8		%	26.5		%	25.2		%	16.9		%	N/A			20.1		%

The following table summarizes activity in the CSO guarantee liability during the three months ended June 30, 2017:

	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	14		$	18,482		$	1,287		$	19,783
Charge-offs	(373		)	(33,166		)	(2,141		)	(35,680		)
Recoveries	354			5,857			814			7,025
Net charge-offs	(19		)	(27,309		)	(1,327		)	(28,655		)
Provision for losses	5			23,575			874			24,454
Balance, end of period	$	—		$	14,748		$	834		$	15,582

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended June 30, 2017:

	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,733		$	60,522		$	21,557		$	4,572		$	—		$	91,384
Charge-offs	(44,393		)	(57,740		)	(9,082		)	(8,447		)	(1,261		)	(120,923		)
Recoveries	30,544			11,573			2,601			4,104			777			49,599
Net charge-offs	(13,849		)	(46,167		)	(6,481		)	(4,343		)	(484		)	(71,324		)
Provision for losses	14,289			41,420			4,955			4,298			484			65,446
Effect of foreign currency translation	140			379			(1		)	(4		)	—			514
Balance, end of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020

15

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following table summarizes activity in the allowance for loan losses during the six months ended June 30, 2018:

	Six Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	43,754		$	13,472		$	6,426		$	—		$	69,568
Charge-offs	(92,524		)	(75,479		)	(22,567		)	(44,156		)	(1,268		)	(235,994		)
Recoveries	65,283			12,335			5,162			21,260			87			104,127
Net charge-offs	(27,241		)	(63,144		)	(17,405		)	(22,896		)	(1,181		)	(131,867		)
Provision for losses	25,829			54,911			14,319			26,276			1,181			122,516
Effect of foreign currency translation	(132		)	(242		)	—			(89		)	—			(463		)
Balance, end of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Allowance for loan losses as a percentage of gross loan receivables	4.9		%	19.7		%	12.3		%	10.7		%	N/A			13.4		%

The following table summarizes activity in the CSO guarantee liability during the six months ended June 30, 2018:

	Six Months Ended June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	17,073		$	722		$	17,795
Charge-offs	(74,736		)	(2,212		)	(76,948		)
Recoveries	18,326			1,945			20,271
Net charge-offs	(56,410		)	(267		)	(56,677		)
Provision for losses	50,530			(29		)	50,501
Balance, end of period	$	11,193		$	426		$	11,619

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the six months ended June 30, 2018:

	Six Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	60,827		$	14,194		$	6,426		$	—		$	87,363
Charge-offs	(92,524		)	(150,215		)	(24,779		)	(44,156		)	(1,268		)	(312,942		)
Recoveries	65,283			30,661			7,107			21,260			87			124,398
Net charge-offs	(27,241		)	(119,554		)	(17,672		)	(22,896		)	(1,181		)	(188,544		)
Provision for losses	25,829			105,441			14,290			26,276			1,181			173,017
Effect of foreign currency translation	(132		)	(242		)	—			(89		)	—			(463		)
Balance, end of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373

16

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following table summarizes activity in the allowance for loan losses during the six months ended June 30, 2017:

	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,501		$	17,775		$	10,737		$	5,179		$	—		$	39,192
Charge-offs	(88,905		)	(24,574		)	(6,941		)	(17,676		)	(2,400		)	(140,496		)
Recoveries	63,341			10,634			4,815			9,457			1,529			89,776
Net charge-offs	(25,564		)	(13,940		)	(2,126		)	(8,219		)	(871		)	(50,720		)
Provision for losses	25,178			37,154			10,585			7,563			871			81,351
Effect of foreign currency translation	198			417			—			—			—			615
Balance, end of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Allowance for loan losses as a percentage of gross loan receivables	5.8		%	26.5		%	25.2		%	16.9		%	N/A			20.1		%

The following table summarizes activity in the CSO guarantee liability during the six months ended June 30, 2017:

	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	274		$	15,630		$	1,148		$	17,052
Charge-offs	(1,886		)	(61,122		)	(5,303		)	(68,311		)
Recoveries	1,102			16,725			3,183			21,010
Net charge-offs	(784		)	(44,397		)	(2,120		)	(47,301		)
Provision for losses	510			43,515			1,806			45,831
Balance, end of period	$	—		$	14,748		$	834		$	15,582

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the six months ended June 30, 2017:

	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,775		$	33,405		$	11,885		$	5,179		$	—		$	56,244
Charge-offs	(90,791		)	(85,696		)	(12,244		)	(17,676		)	(2,400		)	(208,807		)
Recoveries	64,443			27,359			7,998			9,457			1,529			110,786
Net charge-offs	(26,348		)	(58,337		)	(4,246		)	(8,219		)	(871		)	(98,021		)
Provision for losses	25,688			80,669			12,391			7,563			871			127,182
Effect of foreign currency translation	198			417			—			—			—			615
Balance, end of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020

NOTE 4 – CREDIT SERVICES ORGANIZATION

The CSO fee receivable amounts under our CSO programs were $11.4 million and $14.5 million at June 30, 2018 and December 31, 2017, respectively. As noted, we bear the risk of loss through our guarantee to purchase any defaulted customer loans from the lenders. The terms of these loans range from three to 18 months. As of June 30, 2018 and December 31, 2017, the maximum amount payable under all such guarantees was $58.7 million and $65.2 million, respectively. Our guarantee liability was $11.6 million and $17.8 million at June 30, 2018 and December 31, 2017, respectively.

17

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

We have placed $15.2 million and $17.9 million in collateral accounts for the lenders at June 30, 2018 and December 31, 2017, respectively, which is reflected in "Prepaid expenses and other" in the Condensed Consolidated Balance Sheets. The balances required to be maintained in these collateral accounts vary based upon lender but are typically based on a percentage of the outstanding loan balances held by the lender. The percentage of outstanding loan balances required for collateral is defined within the terms agreed to between us and each such lender.

NOTE 5 – LONG-TERM DEBT

Long-term debt consisted of the following:

(in thousands)	June 30, 2018		December 31, 2017
2017 Senior Secured Notes (due 2022)	$	512,136	$	585,823
Non-Recourse U.S. SPV Facility	114,697		120,402
Senior Revolver	—		—
Cash Money Revolving Credit Facility	—		—
Long-term debt	$	626,833	$	706,225

Senior Secured Notes

In February and November 2017, CFTC issued $470.0 million and $135.0 million, respectively, of 12.00% Senior Secured Notes due March 1, 2022 ("Senior Secured Notes"). The February issuance refinanced similar notes that were nearing maturity, and the extinguishment of the existing notes resulted in a pretax loss of $12.5 million during the six months ended June 30, 2017. In connection with these Senior Secured Notes we capitalized financing costs of approximately $18.3 million, the balance of which is included in the Condensed Consolidated Balance Sheets as a component of Long-term debt and is being amortized over the term of the Senior Secured Notes and included as a component of interest expense.

On February 5, 2018 CFTC issued a notice of redemption for $77.5 million of its Senior Secured Notes (the transaction whereby the Senior Secured Notes were partially redeemed, the “Redemption”). The Redemption occurred on March 7, 2018 at a price equal to 112.00% of the principal amount of the Senior Secured Notes redeemed, plus accrued and unpaid interest paid thereon, to the date of Redemption. The Redemption price and the amortization of a corresponding portion of the capitalized financing costs resulted in a loss on Redemption of $11.7 million. Following the Redemption, $527.5 million of the original outstanding principal amount of the Senior Secured Notes remain outstanding. CFTC conducted the Redemption pursuant to the Indenture governing the Senior Secured Notes (the “Indenture”), dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent. Consistent with the terms of the Indenture, CFTC used a portion of the cash proceeds from our IPO to redeem such Senior Secured Notes.

Subject to the provisions of its Senior Secured Notes, CFTC is required to make an offer to purchase the maximum principal amount of Senior Secured Notes that may be redeemed with 50% of its Excess Cash Flow (as defined in the agreement) within 125 days after the end of each fiscal year commencing with the fiscal year ended December 31, 2017. CFTC is not required to make an offer unless its Excess Cash Flow exceeds $5.0 million (with lesser amounts being carried forward for purposes of determining whether the $5.0 million threshold has been met for any future period).  Upon completion of each Excess Cash Flow offer, the Excess Cash Flow amount is reset at zero.

On April 5, 2018, CFTC initiated an offer to purchase up to $37.7 million of its Senior Secured Notes at par, which represented 50% of its Excess Cash Flow for the fiscal year ended December 31, 2017. The offer expired on May 2, 2018 and did not result in the tender of any Senior Secured Notes.  According to the terms of the Indenture, the Excess Cash Flow amount has been reset at zero.

As of June 30, 2018, CFTC was in full compliance with the covenants and other provisions of the Senior Secured Notes.

18

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Non-Recourse U.S. SPV Facility

In November 2016, CURO Receivables Finance I, LLC, a Delaware limited liability company (the “SPV Borrower”) and a wholly-owned subsidiary, entered into a five-year revolving credit facility with Victory Park Management, LLC and certain other lenders that provides an $80.0 million term loan and $70.0 million revolving borrowing capacity that can expand over time (“Non-Recourse U.S. SPV Facility”). As of June 30, 2018, the SPV Borrower was in full compliance with the covenants and other provisions of the Non-Recourse U.S. SPV Facility.

Senior Revolver

In September 2017, CFTC and CURO Intermediate Holdings Corp. entered into a $25.0 million Senior Secured Revolving Loan Facility with BayCoast Bank (the “Senior Revolver”). The terms of the Senior Revolver generally conform to the related provisions in the Indenture dated February 15, 2017 for our Senior Secured Notes and complements our other financing sources, while providing seasonal short-term liquidity. In February 2018, the Senior Revolver capacity was increased to $29.0 million as permitted by the Indenture to the Senior Secured Notes based upon consolidated tangible assets. The Senior Revolver is now syndicated with participation by a second bank.

There is $29.0 million maximum availability under the Senior Revolver, including up to $5.0 million of standby letters of credit, for a one-year term, renewable for successive terms following annual review. The Senior Revolver was undrawn at June 30, 2018 and December 31, 2017. As of June 30, 2018, CFTC and CURO Intermediate Holdings Corp. were in full compliance with the covenants and other provisions of the Senior Revolver.

Cash Money Revolving Credit Facility

Cash Money Cheque Cashing, Inc., one of our Canadian subsidiaries, maintains a C$7.3 million revolving credit facility with Royal Bank of Canada (the "Cash Money Revolving Credit Facility"), which provides short-term liquidity required to meet the working capital needs of our Canadian operations. Aggregate draws under this facility are limited to the lesser of: (i) the borrowing base, which is defined as a percentage of cash, deposits in transit and accounts receivable, and (ii) C$7.3 million. As of December 31, 2017, the borrowing capacity under our revolving credit facility was reduced by C$0.3 million in stand-by-letters of credit.

The Cash Money Revolving Credit Facility is collateralized by substantially all of Cash Money’s assets and contains various covenants that include, among other things, that the aggregate borrowings outstanding under the facility not exceed the borrowing base, restrictions on the encumbrance of assets and the creation of indebtedness. Borrowings under the Cash Money Revolving Credit Facility bear interest (per annum) at the prime rate of a Canadian chartered bank plus 1.95%. The Cash Money Revolving Credit Facility was undrawn at June 30, 2018 and December 31, 2017.

In July 2018 the Cash Money Revolving Credit Facility capacity was increased from C$7.3 million to C$10.0 million.

NOTE 6 – SHARE-BASED COMPENSATION

On November 8, 2017, our stockholders approved a new incentive plan (“2017 Incentive Plan”). The 2017 Incentive Plan provides for the issuance of up to 5.0 million shares, subject to certain adjustment provisions, for the granting of stock options, restricted stock awards, restricted stock units (“RSUs”), stock appreciation rights, performance awards and other awards that may be settled in or based upon our common stock. Awards may be granted to certain of our officers, employees, consultants and directors. The 2017 Incentive Plan provides that shares of common stock subject to awards granted become available for issuance if such awards expire, terminate, are canceled for any reason, or are forfeited by the recipient.

RSUs are typically valued at the date of grant based on the value of our common stock and are expensed using the straight-line method over the service period. Grants of RSUs do not confer full stockholder rights such as voting rights and cash dividends, but provide for additional dividend equivalent RSU awards in lieu of cash dividends.

19

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Unvested shares of restricted stock units may be forfeited upon termination of employment depending on the circumstances of the termination, or failure to achieve the required performance condition, if applicable.

A summary of the status of restricted stock units as of June 30, 2018 and changes during the six months ended June 30, 2018 is presented in the following table:

	Units		Weighted Average Grant Date Fair Value
December 31, 2017	1,516,241		$	14.00
Granted	90,372		17.46
Vested	(49,994	)	14.20
Forfeited	—		—
June 30, 2018	1,556,619		$	14.19

Share-based compensation expense during the three months ended June 30, 2018 and 2017, which includes compensation costs from stock options and RSUs, was $2.2 million and $0.1 million, respectively, and during the six months ended June 30, 2018 and 2017 was $4.0 million and $0.2 million, respectively, and is included in the Condensed Consolidated Statements of Income as a component of "Corporate, district and other" expense. The increased expense during the six months ended June 30, 2018 is primarily due to grants of RSUs in December 2017, as further disclosed in our 2017 Annual Report on Form 10-K.

As of June 30, 2018, there was $18.4 million of unrecognized compensation cost related to share-based awards, which we will recognize over a weighted-average period of 2.4 years.

NOTE 7 – INCOME TAXES

Our effective tax rate was 25.0% and 39.4% during the three months ended June 30, 2018 and 2017, respectively. Our effective tax rate was 29.9% and 37.8% during the six months ended June 30, 2018 and 2017, respectively.

On December 22, 2017, the 2017 Tax Act became law, which enacted various changes to the U.S. corporate tax law. Some of the most significant provisions affecting us include a reduced U.S. corporate income tax rate from 35% to 21% effective in 2018, a one-time “deemed repatriation” tax on unremitted earnings accumulated in non-U.S. jurisdictions and reported on the 2017 corporate income tax return, and a 2018 and forward minimum tax on global intangible low-taxed income ("GILTI"). At 2017 year-end, we recorded an estimated provisional deemed repatriation tax of $8.1 million. Subsequently, the IRS issued additional guidance regarding the calculation of the deemed repatriation tax and we recorded an additional accrual of $1.2 million during the period ended March 31, 2018, increasing the effective tax rate by 2.1% for the six months ended June 30, 2018. In 2018, we recorded an estimated GILTI tax of $0.6 million increasing the effective tax rate by 1.1% for the six months ended June 30, 2018. Additionally, we have not recorded a tax benefit for losses in the UK resulting in an increase of 2.4% and 2.5% to the effective tax rate during the six months ended June 30, 2018 and 2017, respectively.

As of June 30, 2018, we estimated and provided U.S. net tax of $9.9 million on our cumulative undistributed non-U.S. earnings as part of the 2017 repatriation tax provision and the 2018 GILTI tax in the 2017 Tax Act.  We intend to reinvest our foreign earnings indefinitely in our non-U.S. operations and therefore have not provided for any non-U.S. withholding tax that would be assessed on dividend distributions.  If the earnings of $165.8 million were distributed to the U.S., we would be subject to estimated Canadian withholding taxes of approximately $8.3 million. In the event the earnings were distributed to the U.S., we would adjust our income tax provision for the period and would determine the amount of foreign tax credit that would be available.

20

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

NOTE 8 – FINANCIAL INSTRUMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. We are required to use valuation techniques that are consistent with the market approach, income approach, and/or cost approach. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability based on market data obtained from independent sources, or unobservable, meaning those that reflect our own estimate about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. Accounting standards establish a three-level fair value hierarchy based upon the assumptions (inputs) used to price assets or liabilities. The hierarchy requires us to maximize the use of observable inputs and minimize the use of unobservable inputs.

The three levels of inputs used to measure fair value are listed below.

Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities.

Level 2 – Inputs include quoted market prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 – Unobservable inputs reflecting our own judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. We develop these inputs based on the best information available, including our own data.

Financial Assets and Liabilities Not Measured at Fair Value

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at June 30, 2018.

			Estimated Fair Value
(dollars in thousands)	Carrying Value June 30, 2018		Level 1		Level 2		Level 3		June 30, 2018
Financial assets:
Cash	$	115,105	$	115,105	$	—	$	—	$	115,105
Restricted cash	12,448		12,448		—		—		12,448
Loans receivable, net	384,873		—		—		384,873		384,873
Investment in Cognical	6,600		—		—		6,600		6,600
Financial liabilities:
Credit services organization guarantee liability	$	11,619	$	—	$	—	$	11,619	$	11,619
Senior secured notes	512,136		—		—		553,308		553,308
Non-Recourse U.S. SPV facility	114,697		—		—		118,427		118,427

21

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at December 31, 2017.

			Estimated Fair Value
(dollars in thousands)	Carrying Value December 31, 2017		Level 1		Level 2		Level 3		December 31, 2017
Financial assets:
Cash	$	162,374	$	162,374	$	—	$	—	$	162,374
Restricted cash	12,117		12,117		—		—		12,117
Loans receivable, net	363,269		—		—		363,269		363,269
Investment in Cognical	5,600		—		—		5,600		5,600
Financial liabilities:
Credit services organization guarantee liability	17,795		—		—		17,795		17,795
2017 Senior Secured notes	585,823		—		—		663,475		663,475
Non-Recourse U.S. SPV facility	120,402		—		—		124,590		124,590

Loans receivable are carried on the Condensed Consolidated Balance Sheets net of the allowance for estimated loan losses, which we calculate primarily based upon models that back-test subsequent collections history for each type of loan product. The unobservable inputs used to calculate the carrying value include additional quantitative factors, such as current default trends and changes to the portfolio mix are also considered in evaluating the accuracy of the models, as well as additional qualitative factors such as the impact of new loan products, changes to underwriting criteria or lending policies, new store development or entrance into new markets, changes in jurisdictional regulations or laws, recent credit trends and general economic conditions. Loans have terms ranging up to 60 months. The carrying value of loans receivable approximates the fair value.

In connection with our CSO programs, we guarantee consumer loan payment obligations to unrelated third-party lenders for loans that we arrange for consumers on the third-party lenders’ behalf. We are required to purchase from the lender defaulted loans we have guaranteed. The estimated fair value of the guarantee liability related to CSO loans we have guaranteed was $11.6 million and $17.8 million as of June 30, 2018 and December 31, 2017, respectively. We record the initial measurement of this guarantee liability at fair value using Level 3 inputs with subsequent measurement of the liability measured as a contingent loss. The unobservable inputs used to calculate fair value include the nature of the loan products, the creditworthiness of the borrowers in the customer base, our historical loan default history for similar loans, industry loan default history, historical collection rates on similar products, current default trends, past-due account roll rates, changes to underwriting criteria or lending policies, new store development or entrance into new markets, changes in jurisdictional regulations or laws, recent credit trends and general economic conditions.

The fair value of our Senior Secured Notes was based on broker quotations. The fair value of the Non-Recourse U.S. SPV facility was based on the cash needed for final settlement.

Derivative Financial Instrument

We seek to minimize risks from foreign currency rate fluctuations on anticipated transactions in the ordinary course of business through the use of cash flow hedges. During the six months ended June 30, 2018, we entered into a series of cash flow hedges in which the hedging instruments were forwards to purchase £7.9 million. These contracts will complete in the three months ended September 30, 2018.

We performed an assessment that determined all critical terms of the hedging instrument and the hedged transaction match and, as such, have qualitatively concluded that changes in the hedge instrument’s intrinsic value will completely offset the change in the expected cash flows based on changes in the spot rate. Since the effectiveness of this hedge

22

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

is assessed based on changes in the hedge instrument’s intrinsic value, the change in the time value of the contract would be excluded from the assessment of hedge effectiveness. We recorded changes in the hedge instrument’s intrinsic value, to the extent that they were effective as a hedge, in "Other comprehensive income." As of June 30, 2018 we have recorded an unrealized loss of $0.4 million in "Other comprehensive income" associated with this hedge.

Foreign Currency Forward Contract

On June 29, 2018, we entered into a forward contract that is not designated to receive hedge accounting treatment. The purpose of this forward contract is to reduce income statement volatility resulting from our foreign currency denominated assets and liabilities in Canada and to protect the cash required to settle those items. The forward contract is recorded at fair value on the balance sheet with changes in the fair value being recorded in the income statement. As of June 30, 2018, the forward contract did not have a fair value and did not impact the Condensed Consolidated Financial Statements.

Purchase of Cognical Holdings Inc. Preferred Shares

During the three months ended March 31, 2018, we purchased 560,872 additional preferred shares of Cognical Holdings, Inc. ("Cognical") for $1.0 million. As a result of this transaction, along with share purchases during 2017, we currently own 10.4% of the equity of Cognical. We record these purchases in "Other assets" on our Consolidated Balance Sheets.

NOTE 9 – STOCKHOLDERS' EQUITY

In connection with our IPO in December 2017, the underwriters had a 30-day option to purchase up to an additional 1.0 million shares at the initial public offering prices, less the underwriting discount to over-allotments, if any. The underwriters exercised this option and purchased 1.0 million shares on January 5, 2018. The exercise of this option provided additional proceeds to us of $13.1 million.

NOTE 10 – EARNINGS PER SHARE

The following presents the computation of basic earnings per share (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Basic: (1)
Net income	$	15,975	$	16,342	$	39,267	$	32,980
Weight average common shares	45,650		37,895		45,578		37,895
Basic earnings per share	$	0.35	$	0.43	$	0.86	$	0.87
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred In November 2017.

23

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Diluted: (1)
Net income	$	15,975	$	16,342	$	39,267	$	32,980
Weighted average common shares - basic	45,650		37,895		45,578		37,895
Dilutive effect of stock options and restricted stock units	2,346		1,092		2,179		1,088
Weighted average common shares - diluted	47,996		38,987		47,757		38,983
Diluted earnings per share	$	0.33	$	0.42	$	0.82	$	0.85
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred in November 2017.

Potential common shares that would have the effect of increasing diluted earnings per share or decreasing diluted loss per share are considered to be anti-dilutive and as such, we do not include these shares in calculating "Diluted earnings per share." For the three and six months ended June 30,2018and 2017, there were no potential common shares excluded from the calculation of diluted earnings per share because their effect was anti-dilutive.

NOTE 11 – SUPPLEMENTAL CASH FLOW INFORMATION

The following table provides supplemental cash flow information:

	Six Months Ended June 30,
(dollars in thousands)	2018		2017
Cash paid for:
Interest	$	44,250	$	25,788
Income taxes	11,621		14,594
Non-cash investing activities:
Property and equipment accrued in accounts payable	$	595	$	40

NOTE 12 – SEGMENT REPORTING

We prepare segment information on the same basis that our chief operating decision maker reviews financial information for operational decision making purposes. We have three reportable operating segments: the U.S., Canada and the U.K.

The segment performance measure below is based on gross margin. In management’s evaluation of performance, certain costs, such as corporate expenses, district expenses and interest expense, are not allocated by segment. Accordingly the following reporting segment results do not include such allocated costs. There are no intersegment revenues, and we determined the amounts below in accordance with the same accounting principles used in our Condensed Consolidated Financial Statements.

24

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following table illustrates summarized financial information concerning our reportable segments.

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2018		2017		2018		2017
Revenues by segment:
U.S.	$	190,126	$	163,764	$	394,719	$	338,086
Canada	47,043		43,595		93,293		85,161
U.K.	11,814		9,585		22,729		18,277
Consolidated revenue	$	248,983	$	216,944	$	510,741	$	441,524
Gross margin by segment:
U.S.	$	64,048	$	63,119	$	155,392	$	140,251
Canada	13,300		15,962		27,802		30,262
U.K.	3,064		2,921		6,463		6,394
Consolidated gross margin	$	80,412	$	82,002	$	189,657	$	176,907
Expenditures for long-lived assets by segment:
U.S.	$	1,195	$	2,976	$	1,983	$	4,648
Canada	220		61		974		1,352
U.K.	31		698		98		828
Consolidated expenditures for long-lived assets	$	1,446	$	3,735	$	3,055	$	6,828

The following table provides the proportion of gross loans receivable by segment:

(dollars in thousands)	June 30, 2018		December 31, 2017
U.S.	$	298,546	$	308,696
Canada	122,042		104,551
U.K.	24,039		19,590
Total gross loans receivable	$	444,627	$	432,837

The following table illustrates our net long-lived assets, comprised of property and equipment by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located:

(dollars in thousands)	June 30, 2018		December 31, 2017
U.S.	$	49,087	$	52,627
Canada	29,957		32,924
U.K.	1,376		1,535
Total net long-lived assets	$	80,420	$	87,086

Our chief operating decision maker does not review assets by segment for purposes of allocating resources or

decision-making purposes; therefore, total assets by segment are not disclosed.

NOTE 13 – CONTINGENT LIABILITIES

Harrison, et al v. Principal Investments, Inc. et al

During the period relevant to this class action litigation, we pursued in excess of 16,000 claims in the limited actions and jurisdiction court in Clark County, Nevada, seeking payment of loans on which customers had defaulted. We utilized outside counsel to file these debt collection lawsuits. On Scene Mediations, a process serving company, was employed to serve the summons and petitions in the majority of these cases. In an unrelated matter, the principal

25

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

of On Scene Mediations was convicted of multiple accounts of perjury and filing false affidavits to obtain judgments on behalf of a Las Vegas collection agency. In September 2010, we were sued by four former customers in a proposed class action suit filed in the District Court in Clark County, Nevada. The plaintiffs in this case claimed that they, and others in the proposed class, were not properly served notice of the debt collection lawsuits by the Company.

On June 7, 2017, the parties reached a settlement in this matter and we accrued approximately $2.3 million as a result of this settlement. On October 30, 2017, the District Court in Clark County, Nevada, issued final approval of the class settlement. We paid the approved settlement amount and released the related liability.

Reimbursement Offer; Possible Changes in Payment Practices

During 2017, it was determined that a limited universe of borrowers may have incurred bank overdraft or non-sufficient funds fees because of possible confusion about certain electronic payments we initiated on their loans. As a result, we decided to reimburse such fees through payments or credits against outstanding loan balances, subject to per-customer dollar limitations, upon receipt of (i) claims from potentially affected borrowers stating that they were in fact confused by our practices and (ii) bank statements from such borrowers showing that fees for which reimbursement is sought were incurred at a time that such borrowers might reasonably have been confused about our practices. As of June 30, 2018, net of payments made, a liability of $1.8 million remains for this matter.

Additionally, in June 2018, we discontinued the use of secondary payment cards for affected borrowers referenced above who did not explicitly reauthorize the use of secondary payment cards.  For those borrowers, in the event we were not able to obtain payment through the bank account or payment card listed on the borrower’s application, we will need to rely exclusively on other collection methods such as delinquency notices and/or collection calls.  The discontinuation for affected borrowers of our current use of secondary cards will increase collections costs and reduce collections effectiveness.

City of Austin

We were cited on July 5, 2016 by the City of Austin, Texas for alleged violations of the Austin ordinance addressing products offered by CSOs. The Austin ordinance regulates aspects of products offered under our Credit Access Business programs, including loan sizes and repayment terms. We believe that: (i) the Austin ordinance (like its counterparts elsewhere in the state) conflicts with Texas state law and (ii) our product in any event complies with the ordinance, when the ordinance is properly construed. The Austin Municipal Court agreed with our position that the ordinance conflicts with Texas law and, accordingly, did not address our second argument. In September 2017, the Travis County Court reversed the Municipal Court’s decision and remanded the case for further proceedings. We do not anticipate having a final determination of the lawfulness of our CAB program under the Austin ordinance (and similar ordinances in other Texas cities) in the near future. A final adverse decision could potentially result in material monetary liability in Austin and elsewhere in Texas, and would force us to restructure the loans we originate in Austin and elsewhere in Texas.

Other Legal Matters

We are also a defendant in certain routine litigation matters encountered in the ordinary course of our business. Certain of these matters may be covered to an extent by insurance. In the opinion of management, based upon the advice of legal counsel, the likelihood is remote that the impact of any pending legal proceedings and claims, either individually or in the aggregate, would have a material adverse effect on our Consolidated Financial Statements.

26

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

NOTE 14 – CONDENSED CONSOLIDATING FINANCIAL INFORMATION

In February 2017, CFTC issued $470.0 million aggregate principal amount Senior Secured Notes, the proceeds of which were used together with available cash, to (i) redeem the outstanding 10.75% Senior Secured Notes due 2018 of our wholly owned subsidiary, CURO Intermediate, (ii) redeem the outstanding 12.00% Senior Cash Pay Notes due 2017 and (iii) pay fees, expenses, premiums and accrued interest in connection with the offering. CFTC sold the Senior Secured Notes to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”); or outside the U.S. to non-U.S. persons in compliance with Regulation S of the Securities Act.

In November 2017, CFTC issued $135.0 million aggregate principal amount of additional Senior Secured Notes in a private offering exempt from the registration requirements of the Securities Act (the "Additional Notes Offering"). CFTC used the proceeds from the Additional Notes Offering, together with available cash, to (i) pay a cash dividend, in an amount of $140.0 million to us, CFTC’s sole stockholder, and ultimately our stockholders and (ii) pay fees, expenses, premiums and accrued interest in connection with the Additional Notes Offering. CFTC received the consent of the holders of a majority of the outstanding principal amount of the current Senior Secured Notes to a one-time waiver with respect to the restrictions contained in Section 5.07(a) of the indenture governing the Senior Secured Notes to permit the dividend.

On March 7, 2018, CFTC redeemed $77.5 million of the Senior Secured Notes at a price equal to 112.00% of the principal amount plus accrued and unpaid interest to the date of redemption. Following the redemption, $527.5 million of the original outstanding principal amount of the Senior Secured Notes remain outstanding. The redemption was conducted pursuant to the indenture governing the Senior Secured Notes, dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent. Consistent with the terms of the indenture, CFTC used a portion of the cash proceeds from our IPO, to redeem such Senior Secured Notes. See Note 5, "Long-Term Debt," for additional details.

The following condensed consolidating financing information, which has been prepared in accordance with the requirements for presentation of Rule 3-10(d) of Regulation S-X promulgated under the Securities Act, presents the condensed consolidating financial information separately for:

(i) CFTC as the issuer of the Senior Secured Notes;

(ii) CURO Intermediate as the issuer of the 10.75% senior secured notes that were redeemed in February 2017;

(iii) Our subsidiary guarantors, which are comprised of our domestic subsidiaries, excluding CFTC, SPV, and CURO Intermediate (the “Subsidiary Guarantors”), on a consolidated basis, which are 100% owned by CURO, and which are guarantors of the Senior Secured Notes issued in February 2017 and the 10.75% senior secured notes redeemed in February 2017;

(iv) Our other subsidiaries on a consolidated basis, which are not guarantors of the Senior Secured Notes (the “Subsidiary Non-Guarantors”)

(v) Consolidating and eliminating entries representing adjustments to:

a. eliminate intercompany transactions between or among us, the Subsidiary Guarantors and the Subsidiary Non-Guarantors; and

b. eliminate the investments in our subsidiaries;

(vi) Us and our subsidiaries on a consolidated basis.

27

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Condensed Consolidating Balance Sheets

	June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—	$	69,013		$	46,092		$	—		$	—		$	115,105		$	—		$	—	$	115,105
Restricted cash	—			—		1,679			3,495			7,274			—			12,448			—			—		12,448
Loans receivable, net	—			—		81,387			132,154			171,332			—			384,873			—			—		384,873
Deferred income taxes	—			—		—			3,697			—			—			3,697			—			—		3,697
Income taxes receivable	—			—		—			623			—			—			623			—			—		623
Prepaid expenses and other	—			—		32,921			3,376			—			—			36,297			—			—		36,297
Property and equipment, net	—			—		49,087			31,333			—			—			80,420			—			—		80,420
Goodwill	—			—		91,131			52,622			—			—			143,753			—			—		143,753
Other intangibles, net	15			—		4,582			26,228			—			—			30,825			—			—		30,825
Intercompany receivable	—			38,781		42,511			(20,439		)	—			(60,853		)	—			—			—		—
Investment in subsidiaries	53,213			1,016,398		—			—			—			(1,069,611		)	—			(52,249		)	52,249		—
Other	6,608			—		5,230			971			—			—			12,809			—			—		12,809
Total assets	$	59,836		$	1,055,179	$	377,541		$	280,152		$	178,606		$	(1,130,464	)	$	820,850		$	(52,249	)	$	52,249	$	820,850
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,334		$	9	$	35,755		$	15,288		$	14		$	—		$	53,400		$	157		$	—	$	53,557
Deferred revenue	—			—		5,488			5,081			(21		)	—			10,548			—			—		10,548
Income taxes payable	(64,622		)	96,958		(22,534		)	—			—			—			9,802			(4,327		)	—		5,475
Accrued interest	20,946			—		—			(8		)	1,237			—			22,175			—			—		22,175
Payable to CURO Holdings Corp.	38,847			—		62,081			—			—			—			100,928			(100,928		)	—		—
CSO guarantee liability	—			—		11,619			—			—			—			11,619			—			—		11,619
Deferred rent	—			—		9,772			1,709			—			—			11,481			—			—		11,481
Long-term debt (excluding current maturities)	512,135			—		—			(76		)	114,774			—			626,833			—			—		626,833
Subordinated shareholder debt	—			—		—			2,278			—			—			2,278			—			—		2,278
Intercompany payable	(395,121		)	895,349		(347,983		)	60,853			(152,245		)	(60,853		)	—			—			—		—
Other long-term liabilities	—			—		5,095			1,494			—			—			6,589			—			—		6,589
Deferred tax liabilities	(2,434		)	9,650		2,534			7,696			—			—			17,446			—			—		17,446
Total liabilities	112,085			1,001,966		(238,173		)	94,315			(36,241		)	(60,853		)	873,099			(105,098		)	—		768,001
Stockholder’s equity	(52,249		)	53,213		615,714			185,837			214,847			(1,069,611		)	(52,249		)	52,849			52,249		52,849
Total liabilities and stockholder’s equity	$	59,836		$	1,055,179	$	377,541		$	280,152		$	178,606		$	(1,130,464	)	$	820,850		$	(52,249	)	$	52,249	$	820,850

28

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	December 31, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—		$	117,379		$	44,915		$	—		$	—		$	162,294		$	80		$	—	$	162,374
Restricted cash	—			—			1,677			3,569			6,871			—			12,117			—			—		12,117
Loans receivable, net	—			—			84,912			110,651			167,706			—			363,269			—			—		363,269
Deferred income taxes	—			2,154			(4,646		)	3,502			—			—			1,010			(238		)	—		772
Income taxes receivable	—			—			—			—			—			—			—			3,455			—		3,455
Prepaid expenses and other	—			—			38,277			3,353			—			—			41,630			882			—		42,512
Property and equipment, net	—			—			52,627			34,459			—			—			87,086			—			—		87,086
Goodwill	—			—			91,131			54,476			—			—			145,607			—			—		145,607
Other intangibles, net	16			—			5,418			27,335			—			—			32,769			—			—		32,769
Intercompany receivable	—			37,877			33,062			(30,588		)	—			(40,351		)	—			—			—		—
Investment in subsidiaries	(14,504		)	899,371			—			—			—			(884,867		)	—			(84,889		)	84,889		—
Other	5,713			—			3,017			1,040			—			—			9,770			—			—		9,770
Total assets	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,606		$	13		$	35,753		$	15,954		$	12		$	—		$	54,338		$	1,454		$	—	$	55,792
Deferred revenue	—			—			6,529			5,455			—			—			11,984			—			—		11,984
Income taxes payable	(49,738		)	70,231			(18,450		)	2,077			—			—			4,120			—			—		4,120
Accrued interest	24,201			—			—			—			1,266			—			25,467			—			—		25,467
Payable to CURO Holdings Corp.	184,348			—			(95,048		)	—			—			—			89,300			(89,300		)	—		—
CSO guarantee liability	—			—			17,795			—			—			—			17,795			—			—		17,795
Deferred rent	—			—			9,896			1,681			—			—			11,577			—			—		11,577
Long-term debt	585,823			—			—			—			120,402			—			706,225			—			—		706,225
Subordinated shareholder debt	—			—			—			2,381			—			—			2,381			—			—		2,381
Intercompany payable	(668,536		)	876,869			(124,332		)	40,351			(84,001		)	(40,351		)	—			—			—		—
Other long-term liabilities	—			—			3,969			1,799			—			—			5,768			—			—		5,768
Deferred tax liabilities	(2,590		)	6,793			(143		)	7,426			—			—			11,486			—			—		11,486
Total liabilities	76,114			953,906			(164,031		)	77,124			37,679			(40,351		)	940,441			(87,846		)	—		852,595
Stockholder’s equity	(84,889		)	(14,504		)	586,885			175,588			136,898			(884,867		)	(84,889		)	7,136			84,889		7,136
Total liabilities and stockholder’s equity	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731

29

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Condensed Consolidating Statements of Income

	Three Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	118,034		$	58,857		$	72,092				$	248,983	$	—		$	—		$	248,983
Provision for losses	—			—			46,320			19,999			25,667					91,986		—			—			91,986
Net revenue	—			—			71,714			38,858			46,425		—			156,997		—			—			156,997
Cost of providing services:
Salaries and benefits	—			—			18,070			8,837			—		—			26,907		—			—			26,907
Occupancy	—			—			7,643			5,677			—		—			13,320		—			—			13,320
Office	—			—			4,247			1,830			—		—			6,077		—			—			6,077
Other costs of providing services	—			—			11,254			1,007			466		—			12,727		—			—			12,727
Advertising	—			—			12,409			5,145			—		—			17,554		—			—			17,554
Total cost of providing services	—			—			53,623			22,496			466		—			76,585		—			—			76,585
Gross margin	—			—			18,091			16,362			45,959		—			80,412		—			—			80,412
Operating (income) expense:
Corporate, district and other	458			18			25,383			10,434			46		—			36,339		2,316			—			38,655
Intercompany management fee	—			—			(6,920		)	3,281			3,639		—			—		—			—			—
Interest expense	16,585			—			(60		)	—			3,940		—			20,465		—			—			20,465
Loss on extinguishment of debt	—			—			—			—			—		—			—		—			—			—
Intercompany interest (income) expense	—			(904		)	(180		)	1,084			—		—			—		—			—			—
Total operating expense	17,043			(886		)	18,223			14,799			7,625		—			56,804		2,316			—			59,120
Net income (loss) before income taxes	(17,043		)	886			(132		)	1,563			38,334		—			23,608		(2,316		)	—			21,292
Provision for income tax expense (benefit)	(5,418		)	13,668			(4,458		)	2,101			—		—			5,893		(576		)	—			5,317
Net income (loss)	(11,625		)	(12,782		)	4,326			(538		)	38,334		—			17,715		(1,740		)	—			15,975
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—			—		—			—		17,715			(17,715		)	—
CURO Intermediate	(12,782		)	—			—			—			—		12,782			—		—			—			—
Guarantor Subsidiaries	4,326			—			—			—			—		(4,326		)	—		—			—			—
Non-Guarantor Subsidiaries	(538		)	—			—			—			—		538			—		—			—			—
SPV Subs	38,334			—			—			—			—		(38,334		)	—		—			—			—
Net income (loss) attributable to CURO	$	17,715		$	(12,782	)	$	4,326		$	(538	)	$	38,334	$	(29,340	)	$	17,715	$	15,975		$	(17,715	)	$	15,975

30

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	Three Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	102,189		$	53,180	$	61,575		$	—		$	216,944	$	—		$	—		$	216,944
Provision for losses	—			—			36,079			13,489		15,878			—			65,446		—			—			65,446
Net revenue	—			—			66,110			39,691		45,697			—			151,498		—			—			151,498
Cost of providing services:
Salaries and benefits	—			—			17,736			8,564		—			—			26,300		—			—			26,300
Occupancy	—			—			7,791			5,720		—			—			13,511		—			—			13,511
Office	—			—			3,721			1,215		—			—			4,936		—			—			4,936
Other store operating expenses	—			—			11,513			1,566		29			—			13,108		—			—			13,108
Advertising	—			—			7,898			3,743		—			—			11,641		—			—			11,641
Total cost of providing services	—			—			48,659			20,808		29			—			69,496		—			—			69,496
Gross Margin	—			—			17,451			18,883		45,668			—			82,002		—			—			82,002
Operating (income) expense:
Corporate, district and other	2,447			(78		)	21,484			8,563		4,067			—			36,483		74			—			36,557
Intercompany management fee	—			—			(3,865		)	3,865		—			—			—		—			—			—
Interest expense	15,174			—			—			61		3,249			—			18,484		—			—			18,484
Intercompany interest (income) expense	—			(1,042		)	1,691			1,207		(1,856		)	—			—		—			—			—
Total operating expense	17,621			(1,120		)	19,310			13,696		5,460			—			54,967		74			—			55,041
Net (loss) income before income taxes	(17,621		)	1,120			(1,859		)	5,187		40,208			—			27,035		(74		)	—			26,961
Provision for income tax (benefit) expense	(6,166		)	17,560			(3,072		)	2,389		—			—			10,711		(92		)	—			10,619
Net income (loss)	(11,455		)	(16,440		)	1,213			2,798		40,208			—			16,324		18			—			16,342
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—			—			—		16,324			(16,324		)	—
CURO Intermediate	(16,440		)	—			—			—		—			16,440			—		—			—			—
Guarantor Subsidiaries	1,213			—			—			—		—			(1,213		)	—		—			—			—
Non-Guarantor Subsidiaries	2,798			—			—			—		—			(2,798		)	—		—			—			—
SPV Subs	40,208			—			—			—		—			(40,208		)	—		—			—			—
Net income (loss) attributable to CURO	$	16,324		$	(16,440	)	$	1,213		$	2,798	$	40,208		$	(27,779	)	$	16,324	$	16,342		$	(16,324	)	$	16,342

31

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	Six Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	246,442		$	116,022	$	148,277				$	510,741	$	—		$	—		$	510,741
Provision for losses	—			—			82,089			36,697		54,231					173,017		—			—			173,017
Net revenue	—			—			164,353			79,325		94,046		—			337,724		—			—			337,724
Cost of providing services:
Salaries and benefits	—			—			36,089			17,737		—		—			53,826		—			—			53,826
Occupancy	—			—			15,289			11,458		—		—			26,747		—			—			26,747
Office	—			—			9,830			3,227		—		—			13,057		—			—			13,057
Other costs of providing services	—			—			23,284			2,896		947		—			27,127		—			—			27,127
Advertising	—			—			17,568			9,742		—		—			27,310		—			—			27,310
Total cost of providing services	—			—			102,060			45,060		947		—			148,067		—			—			148,067
Gross margin	—			—			62,293			34,265		93,099		—			189,657		—			—			189,657
Operating (income) expense:
Corporate, district and other	906			25			53,375			20,356		76		—			74,738		4,371			—			79,109
Intercompany management fee	—			—			(13,822		)	6,775		7,047		—			—		—			—			—
Interest expense	34,907			—			(172		)	52		8,027		—			42,814		—			—			42,814
Loss on extinguishment of debt	11,683			—			—			—		—		—			11,683		—			—			11,683
Intercompany interest (income) expense	—			(1,784		)	(259		)	2,043		—		—			—		—			—			—
Total operating expense	47,496			(1,759		)	39,122			29,226		15,150		—			129,235		4,371			—			133,606
Net income (loss) before income taxes	(47,496		)	1,759			23,171			5,039		77,949		—			60,422		(4,371		)	—			56,051
Provision for income tax expense (benefit)	(12,259		)	32,165			(6,043		)	4,030		—		—			17,893		(1,109		)	—			16,784
Net income (loss)	(35,237		)	(30,406		)	29,214			1,009		77,949		—			42,529		(3,262		)	—			39,267
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—		42,529			(42,529		)	—
CURO Intermediate	(30,406		)	—			—			—		—		30,406			—		—			—			—
Guarantor Subsidiaries	29,214			—			—			—		—		(29,214		)	—		—			—			—
Non-Guarantor Subsidiaries	1,009			—			—			—		—		(1,009		)	—		—			—			—
SPV Subs	77,949			—			—			—		—		(77,949		)	—		—			—			—
Net income (loss) attributable to CURO	$	42,529		$	(30,406	)	$	29,214		$	1,009	$	77,949	$	(77,766	)	$	42,529	$	39,267		$	(42,529	)	$	39,267

32

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	Six Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	214,312		$	103,438	$	123,774	$	—		$	441,524	$	—		$	—		$	441,524
Provision for losses	—			—			64,136			26,030		37,016		—			127,182		—			—			127,182
Net revenue	—			—			150,176			77,408		86,758		—			314,342		—			—			314,342
Cost of providing services:
Salaries and benefits	—			—			35,589			17,144		—		—			52,733		—			—			52,733
Occupancy	—			—			15,936			11,670		—		—			27,606		—			—			27,606
Office	—			—			7,486			2,318		—		—			9,804		—			—			9,804
Other store operating expenses	—			—			25,015			2,884		64		—			27,963		—			—			27,963
Advertising	—			—			12,592			6,737		—		—			19,329		—			—			19,329
Total cost of providing services	—			—			96,618			40,753		64		—			137,435		—			—			137,435
Gross Margin	—			—			53,558			36,655		86,694		—			176,907		—			—			176,907
Operating (income) expense:
Corporate, district and other	2,977			(70		)	43,787			16,507		4,181		—			67,382		2,168			—			69,550
Intercompany management fee	—			—			(6,809		)	6,809		—		—			—		—			—			—
Interest expense	22,456			9,613			1			82		6,388		—			38,540		3,310			—			41,850
Intercompany interest (income) expense	—			(2,190		)	(330		)	2,520		—		—			—		—			—			—
Loss on extinguishment of debt	—			11,884			—			—		—		—			11,884		574			—			12,458
Total operating expense	25,433			19,237			36,649			25,918		10,569		—			117,806		6,052			—			123,858
Net (loss) income before income taxes	(25,433		)	(19,237		)	16,909			10,737		76,125		—			59,101		(6,052		)	—			53,049
Provision for income tax (benefit) expense	(10,126		)	34,172			(6,047		)	4,433		—		—			22,432		(2,363		)	—			20,069
Net income (loss)	(15,307		)	(53,409		)	22,956			6,304		76,125		—			36,669		(3,689		)	—			32,980
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—		36,669			(36,669		)	—
CURO Intermediate	(53,409		)	—			—			—		—		53,409			—		—			—			—
Guarantor Subsidiaries	22,956			—			—			—		—		(22,956		)	—		—			—			—
Non-Guarantor Subsidiaries	6,304			—			—			—		—		(6,304		)	—		—			—			—
SPV Subs	76,125			—			—			—		—		(76,125		)	—		—			—			—
Net income (loss) attributable to CURO	$	36,669		$	(53,409	)	$	22,956		$	6,304	$	76,125	$	(51,976	)	$	36,669	$	32,980		$	(36,669	)	$	32,980

33

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Condensed Consolidating Statements of Cash Flows

	Six Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash provided (used)	$	78,548		$	—	$	(46,381	)	$	4,174		$	6,566		$	3,538		$	46,445		$	(12,550	)	$	—	$	33,895
Cash flows from investing activities:
Purchase of property, equipment and software	—			—		(1,983		)	(1,072		)	—			—			(3,055		)	—			—		(3,055		)
Cash paid for Cognical Holdings preferred shares	(958		)	—		—			—			—			—			(958		)	—			—		(958		)
Change in restricted cash	—			—		(2		)	(6		)	(403		)	—			(411		)	—			—		(411		)
Net cash used	(958		)	—		(1,985		)	(1,078		)	(403		)	—			(4,424		)	—			—		(4,424		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility	—			—		—			—			13,000			—			13,000			—			—		13,000
Payments on Non-Recourse U.S. SPV facility	—			—		—			—			(19,163		)	—			(19,163		)	—			—		(19,163		)
Proceeds from revolving credit facilities	10,000			—		—			8,798			—			—			18,798			—			—		18,798
Payments on revolving credit facilities	(10,000		)	—		—			(8,798		)	—			—			(18,798		)	—			—		(18,798		)
Proceeds from issuance of common stock	—			—		—			—			—			—			—			12,431			—		12,431
Proceeds from exercise of stock options	—			—		—			—			—			—			—			39			—		39
Payments on 12.00% Senior Secured Notes	(77,500		)	—		—			—			—			—			(77,500		)	—			—		(77,500		)
Debt issuance costs paid	(90		)	—		—			(78		)	—			—			(168		)	—			—		(168		)
Net cash provided (used)	(77,590		)	—		—			(78		)	(6,163		)	—			(83,831		)	12,470			—		(71,361		)
Effect of exchange rate changes on cash	—			—		—			(1,841		)	—			(3,538		)	(5,379		)	—			—		(5,379		)
Net increase (decrease) in cash	—			—		(48,366		)	1,177			—			—			(47,189		)	(80		)	—		(47,269		)
Cash at beginning of period	—			—		117,379			44,915			—			—			162,294			80			—		162,374
Cash at end of period	$	—		$	—	$	69,013		$	46,092		$	—		$	—		$	115,105		$	—		$	—	$	115,105

34

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	Six Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash (used) provided	$	(284,269	)	$	424,080		$	(55,496	)	$	(17,605	)	$	(11,422	)	$	(431	)	$	54,857		$	(5,083	)	$	—	$	49,774
Cash flows from investing activities:
Purchase of property, equipment and software	—			—			(4,648		)	(2,180		)	—			—			(6,828		)	—			—		(6,828		)
Cash paid for Cognical investment	(4,975		)	—			—			—			—			—			(4,975		)	—			—		(4,975		)
Change in restricted cash	—			—			8			121			(4,566		)	—			(4,437		)	—			—		(4,437		)
Net cash used	(4,975		)	—			(4,640		)	(2,059		)	(4,566		)	—			(16,240		)	—			—		(16,240		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			41,130			—			41,130			—			—		41,130
Payments on Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			(25,142		)	—			(25,142		)	—			—		(25,142		)
Proceeds from issuance of 12.00% Senior Secured Notes	461,329			—			—			—			—			—			461,329			—			—		461,329
Payments on 10.75% Senior Secured Notes	—			(426,034		)	—			—			—			—			(426,034		)	—			—		(426,034		)
Payments on 12.00% Senior Cash Pay Notes	—			—			—			—			—			—			—			(125,000		)	—		(125,000		)
Dividends (paid) received	(158,083		)	—			—			—			—			—			(158,083		)	130,083			—		(28,000		)
Debt issuance costs paid	(14,002		)	—			—			—			—			—			(14,002		)	—			—		(14,002		)
Net cash provided (used)	289,244			(426,034		)	—			—			15,988			—			(120,802		)	5,083			—		(115,719		)
Effect of exchange rate changes on cash	—			—			—			2,009			—			431			2,440			—			—		2,440
Net decrease in cash	—			(1,954		)	(60,136		)	(17,655		)	—			—			(79,745		)	—			—		(79,745		)
Cash at beginning of period	—			1,954			127,712			63,779			—			—			193,445			80			—		193,525
Cash at end of period	$	—		$	—		$	67,576		$	46,124		$	—		$	—		$	113,700		$	80		$	—	$	113,780

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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward Looking Statements

The following discussion of financial condition, results of operations, liquidity and capital resources, and certain factors that may affect future results, including economic and industry-wide factors, should be read in conjunction with our Condensed Consolidated Financial Statements and accompanying notes included herein. This Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements. The matters discussed in these forward-looking statements are subject to risk, uncertainties, and other factors that could cause actual results to differ materially from those made, projected or implied in the forward-looking statements. Except as required by applicable law and regulations, we undertake no obligation to update any forward-looking statements or other statements we may make in the following discussion or elsewhere in this document even though these statements may be affected by events or circumstances occurring after the forward-looking statements or other statements were made. Please see the sections titled "Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors” in our 2017 Annual Report on Form 10-K for a discussion of the uncertainties, risks and assumptions associated with these statements.

Overview

We are a growth-oriented, technology-enabled, highly-diversified consumer finance company serving a wide range of underbanked consumers in the United States ("U.S."), Canada and the United Kingdom ("U.K.") and are a market leader in our industry based on revenues.

History

The CURO business was founded in 1997 to meet the growing needs of consumers looking for access to credit. The Company set out to offer a variety of convenient, easily-accessible financial and loan services and over its 20 years of operations, expanded across the U.S., Canada and the U.K.

CURO Financial Technologies Corp. ("CFTC") (then known as Speedy Cash Holdings Corp.), was incorporated in Delaware on July 16, 2008. On September 10, 2008, our founders sold or otherwise contributed all of the outstanding equity of the various operating entities that comprised the CURO business to a wholly-owned subsidiary of CFTC in connection with an investment in CFTC by Friedman Fleischer & Lowe Capital Partners II, L.P. and its affiliated funds. CURO Group Holdings Corp. (then known as Speedy Group Holdings Corp.) was incorporated in Delaware on February 7, 2013 as the parent company of CFTC. On May 11, 2016, we changed the name of Speedy Group Holdings Corp. to CURO Group Holdings Corp. We similarly changed the names of some of its subsidiaries.

Our growth has been fueled by acquisitions in the U.S., Canada and the U.K., as well as organically, including the launch of new brands. Recent brand launches include the March 2016 launch of LendDirect, an online installment loan brand in Alberta, Canada, that is now offered in four provinces, and the June 2017 launch of Avio Credit, an online Installment and Open-End Loan brand in the U.S. market that is currently available in eleven states.

Recent Developments

In April 2018, we announced that we expect to begin offering U.S. consumers a new line of credit product through a relationship with MetaBank® ("Meta"), a wholly-owned subsidiary of Meta Financial Group, Inc. CURO and Meta are currently developing the pilot launch. Under the program partnership agreement, Meta may hold up to $350.0 million of product receivables on its balance sheet for the first three years of the relationship, although there can be no assurance as to the level of success in selling this credit product.

On May 21, 2018, certain of our stockholders sold shares of our common stock pursuant to an underwritten public offering, at a price to the public of $23.00 per share. The underwriters subsequently exercised their option to purchase additional shares of our common stock from certain of these selling stockholders, which together

36

with the May offering, totaled more than 5.5 million shares. We did not sell any shares in the offering and did not receive any proceeds from the sale of the shares offered by the selling stockholders in the offering.

Revenue by Product and Segment and Related Loan Portfolio Performance

Revenue by Product

The following table summarizes revenue by product, including CSO fees, for the periods indicated:

	Three Months Ended
	June 30, 2018								June 30, 2017
(in thousands)	U.S.		Canada		U.K.		Total		U.S.		Canada		U.K.		Total
Unsecured Installment	$	111,244	$	3,692	$	8,537	$	123,473	$	94,897	$	4,223	$	6,029	$	105,149
Secured Installment	25,777		—		—		25,777		23,173		—		—		23,173
Open-End	23,261		3,961		—		27,222		15,805		—		—		15,805
Single-Pay	24,978		33,347		3,277		61,602		24,881		34,947		3,413		63,241
Ancillary	4,866		6,043		—		10,909		5,008		4,425		143		9,576
Total revenue	$	190,126	$	47,043	$	11,814	$	248,983	$	163,764	$	43,595	$	9,585	$	216,944

During the three months ended June 30,2018, total lending revenue (excluding revenues from ancillary products) grew$30.7 million, or 14.8%, to $238.1 million, compared to the prior year period, predominantly driven by growth in Installment and Open-End loans. Geographically, revenue in the U.S., Canada and the U.K. grew 16.1%, 7.9% and 23.3%, respectively. From a product perspective, Unsecured Installment revenues rose17.4% and Secured Installment revenues rose11.2% driven by related loan growth. Single-Pay revenues were affected primarily by regulatory changes in Canada (rate changes in Alberta, Ontario and British Columbia) and continued product shift from Single-Pay to Installment and Open-End loans in all countries. Open-End revenues rose 72.2% on organic growth in the U.S. and the introduction of Open-End products in Virginia and Canada. Open-End adoption in Canada accelerated this quarter as related loan balances grew $34.3 million sequentially from the first quarter. Even with the accelerated Open-End growth, Single-Pay balances in Canada only shrank sequentially by $1.4 million. Ancillary revenues increased13.9% versus the same quarter a year ago primarily due to non-lending revenue in Canada.

The following table summarizes revenue by product, including CSO fees, for the periods indicated:

	Six Months Ended
	June 30, 2018								June 30, 2017
(in thousands)	U.S.		Canada		U.K.		Total		U.S.		Canada		U.K.		Total
Unsecured Installment	$	231,720	$	8,595	$	16,104	$	256,419	$	195,651	$	7,643	$	11,286	$	214,580
Secured Installment	52,633		—		—		52,633		46,842		—		—		46,842
Open-End	49,095		5,350		—		54,445		33,712		—		—		33,712
Single-Pay	51,043		67,639		6,625		125,307		51,208		69,126		6,697		127,031
Ancillary	10,228		11,709		—		21,937		10,673		8,392		294		19,359
Total revenue	$	394,719	$	93,293	$	22,729	$	510,741	$	338,086	$	85,161	$	18,277	$	441,524

During the six months ended June 30,2018, total lending revenue (excluding revenues from ancillary products) grew$66.6 million, or 15.8%, to $488.8 million, compared to the prior year period, predominantly driven by growth in Installment loans in all three countries and Open-End loans in the U.S. and Canada. Geographically, revenue in the U.S., Canada and U.K. grew 16.8%, 9.5% and 24.4%, respectively. From a product perspective, Unsecured Installment revenues rose19.5% and Secured Installment revenues rose12.4% because of loan growth. Single-Pay revenues and combined loans receivable were affected primarily by regulatory changes in Canada (rate changes in Alberta, Ontario and British Columbia) and continued product shift from Single-Pay to Installment and Open-End loans in all countries. Open-End revenues rose61.5% on organic growth in the U.S. and the introduction of Open-End products in Virginia and Canada. Earning assets for our Open-End product in Canada, which we began offering in the fourth quarter of 2017, was $50.0 million as of June 30, 2018. Ancillary revenues increased13.3% versus the same quarter a year ago primarily due to non-lending revenue in Canada.

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The following charts present revenue composition, including CSO fees, of the products and services that we currently offer for the three months ended June 30, 2018 and 2017:

For the three months ended June 30, 2018 and 2017, revenue generated through our online channel was 43% and 36%, respectively, of consolidated revenue.

The following charts present revenue composition, including CSO fees, of the products and services that we currently offer for the six months ended June 30, 2018 and 2017:

For the six months ended June 30, 2018 and 2017, revenue generated through our online channel was 43% and 36%, respectively, of consolidated revenue.

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Loan Volume and Portfolio Performance Analysis

Unsecured Installment Loans

Unsecured Installment revenue and gross combined loans receivable increased from the prior year quarter due to growth in the United States, primarily in California, and growth in the United Kingdom. Gross combined Unsecured Installment Loan balances grew$31.4 million, or 14.6%, compared to June 30,2017, but the comparisons are affected by mix shift in Canada from Installment to Open-End. As expected, Canadian Installment loan balances declined by $19.4 million while Open-End balances in Canada grew by $51.3 million year-over-year.

Because of the aforementioned effects of the Q1 Loss Recognition Change on the first half of 2017, we utilize sequential trends in analyzing net charge-off rates and allowance levels. Net charge-off rates for Company-owned Unsecured Installment loans improved 488 basis points sequentially compared to the first quarter of 2018. Similarly, net charge-off rates for Unsecured Installment loans Guaranteed by the Company improved nearly 2,000 basis points versus last quarter. First-pay default rates ("FPDs") reflect the number of payments made by customers compared to the number of payments scheduled to be paid during a period. First-pay default metrics cited in this Quarterly Report on Form 10-Q are calculated based on originations from January through May of 2017 and 2018. FPDs for Company Owned Unsecured Installment loans were stable overall to the same periods last year but improved for California which is the largest portion of the portfolio. FPDs for Unsecured Installment loans Guaranteed by the Company improved by an average of nearly 140 basis points, or 8%.The improvement in net charge-off rates, FPDs and the related underlying improvement in cumulative loss development trends in open vintages resulted in lower required allowance coverage for Unsecured installment, primarily due to: (i) loan growth proportionally being driven by the extension of more credit to our best customers, (ii) tightening of credit scoring and approval rates during first quarter’s U.S. income tax refund season and (iii) continuing improvement in scoring models.

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	2018						2017
(dollars in thousands, unaudited)	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter
Unsecured Installment loans:
Revenue - Company Owned	$	63,404		$	66,004		$	67,800		$	61,653		$	52,550
Provision for losses - Company Owned	27,434			27,477			29,917			29,079			17,845
Net revenue - Company Owned	$	35,970		$	38,527		$	37,883		$	32,574		$	34,705
Net charge-offs - Company Owned	$	29,734		$	33,410		$	32,894		$	23,858		$	18,858
Revenue - Guaranteed by the Company	$	60,069		$	66,942		$	69,078		$	67,132		$	52,599
Provision for losses - Guaranteed by the Company	26,974			23,556			32,915			36,212			23,575
Net revenue - Guaranteed by the Company	$	33,095		$	43,386		$	36,163		$	30,920		$	29,024
Net charge-offs - Guaranteed by the Company	$	25,667		$	30,743		$	31,898		$	34,904		$	27,309
Unsecured Installment gross combined loans receivable:
Company Owned	$	179,414		$	171,432		$	196,306		$	181,831		$	156,075
Guaranteed by the Company(1)(2)	66,351			54,332			75,156			67,438			58,289
Unsecured Installment gross combined loans receivable(1)(2)	$	245,765		$	225,764		$	271,462		$	249,269		$	214,364
Unsecured Installment Allowance for loan losses(3)	$	35,277		$	37,916		$	43,755		$	46,938		$	41,406
Unsecured Installment CSO guarantee liability(3)	$	11,193		$	9,886		$	17,072		$	16,056		$	14,748
Unsecured Installment Allowance for loan losses as a percentage of Unsecured Installment gross loans receivable	19.7		%	22.1		%	22.3		%	25.8		%	26.5		%
Unsecured Installment CSO guarantee liability as a percentage of Unsecured Installment gross loans guaranteed by the Company	16.9		%	18.2		%	22.7		%	23.8		%	25.3		%
Unsecured Installment past-due balances:
Unsecured Installment gross loans receivable	$	40,272		$	39,273		$	44,963		$	41,353		$	33,534
Unsecured Installment gross loans guaranteed by the Company	$	10,319		$	8,410		$	12,480		$	10,462		$	8,204
Past-due Unsecured Installment gross loans receivable -- percentage(2)	22.4		%	22.9		%	22.9		%	22.7		%	21.5		%
Past-due Unsecured Installment gross loans guaranteed by the Company -- percentage(2)	15.6		%	15.5		%	16.6		%	15.5		%	14.1		%
Unsecured Installment other information:
Originations-Company Owned	$	128,146		$	99,418		$	135,284		$	137,618		$	119,636
Originations - Guaranteed by the Company(1)	$	84,082		$	60,593		$	82,326		$	83,680		$	68,338
Unsecured Installment ratios:
Provision as a percentage of originations - Company Owned	21.4		%	27.6		%	22.1		%	21.1		%	14.9		%
Provision as a percentage of gross loans receivable - Company Owned	15.3		%	16.0		%	15.2		%	16.0		%	11.4		%
Provision as a percentage of originations - Guaranteed by the Company	32.1		%	38.9		%	40.0		%	43.3		%	34.5		%
Provision as a percentage of gross loans receivable - Guaranteed by the Company	40.7		%	43.4		%	43.8		%	53.7		%	40.4		%
(1) Includes loans originated by third-party lenders through CSO programs, which are not included in our consolidated financial statements.
(2) Non-GAAP measure.
(3) Allowance for loan losses is reported as a contra-asset reducing gross loans receivable while the CSO guarantee liability is reported as a liability on our Condensed Consolidated Balance Sheets.

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Secured Installment Loans

Secured Installment gross combined loans receivable balances as of June 30, 2018 increased by $7.4 million, or 9.2%, compared to June 30,2017, primarily due to growth in Arizona, while related revenue grew 11.2%.

Secured Installment Allowance for loan losses and CSO guarantee liability as a percentage of Secured Installment gross loans receivable improved from the first quarter of 2018 from 14.7% to 12.4%. For the three months ended June 30, 2018, delinquency rates of 17.4% and net charge offs of $9.0 million were consistent with the first quarter delinquency rates of 17.9% and net charge offs of $8.7 million. Net charge off rates for Secured Installment rose 282 basis points sequentially versus the first quarter of 2018. FPDs have improved an average of nearly 200 basis points, or 11.9%, versus the same periods last year. The lower required Allowance for loan losses and CSO guarantee liability as a percentage of gross combined loans receivable is largely due to origination mix and modest improvement in vintage cumulative loss development.

	2018						2017
(dollars in thousands, unaudited)	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter
Secured Installment loans:
Revenue	$	25,777		$	26,856		$	27,732		$	26,407		$	23,173
Provision for losses	7,650			6,640			10,051			6,512			4,955
Net revenue	$	18,127		$	20,216		$	17,681		$	19,895		$	18,218
Net charge-offs	$	9,003		$	8,669		$	10,802		$	11,597		$	6,481
Secured Installment gross combined loan balances:
Secured Installment gross combined loans receivable(1)(2)	$	87,434		$	82,534		$	92,817		$	88,730		$	80,077
Secured Installment Allowance for loan losses and CSO guarantee liability(3)	$	10,812		$	12,165		$	14,194		$	14,945		$	20,030
Secured Installment Allowance for loan losses and CSO guarantee liability as a percentage of Secured Installment gross combined loans receivable	12.4		%	14.7		%	15.3		%	16.8		%	25.0		%
Secured Installment past-due balances:
Secured Installment past-due gross loans receivable and gross loans guaranteed by the Company	$	15,246		$	14,756		$	16,554		$	15,265		$	12,630
Past-due Secured Installment gross loans receivable and gross loans guaranteed by the Company -- percentage(2)	17.4		%	17.9		%	17.8		%	17.2		%	15.8		%
Secured Installment other information:
Originations(1)	$	53,597		$	34,750		$	48,577		$	52,526		$	45,596
Secured Installment ratios:
Provision as a percentage of originations	14.3		%	19.1		%	20.7		%	12.4		%	10.9		%
Provision as a percentage of gross combined loans receivable	8.7		%	8.0		%	10.8		%	7.3		%	6.2		%
(1) Includes loans originated by third-party lenders through CSO programs, which are not included in our consolidated financial statements.
(2) Non-GAAP measure.
(3) Allowance for loan losses is reported as a contra-asset reducing gross loans receivable while the CSO guarantee liability is reported as a liability on our Condensed Consolidated Balance Sheets.

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Open-End Loans

Open-End loan balances as of June 30, 2018 increased by $64.3 million, or 240.0% compared to June 30, 2017 from year-over-year growth in Kansas and Tennessee of 26.9% and 20.6%, respectively, the third quarter of 2017 launch of Open-End in Virginia, conversion of most of Alberta's Unsecured Installment loans to Open-End loans and the launch of Open-End loans in Ontario. Open-End adoption in Canada accelerated this quarter as related loan balances grew $34.3 million sequentially from the first quarter.

The Open-End Allowance for loan losses as a percentage of Open-End gross loans receivable declined year-over-year and sequentially, primarily due to geographic mix and seasoning of the U.S. portfolio. At June 30, 2018, Canadian Open-End gross loans receivable comprised 56.4% of the total, compared to none at the end of the prior year quarter. FPDs for the U.S. Open-End portfolio have improved an average of approximately 50 basis points, or 2%, versus the same periods a year ago primarily because of seasoning and scoring improvements in mature states, and are improving sequentially as the Virginia new market portfolio seasons.

	2018						2017
(dollars in thousands, unaudited)	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter
Open-End loans:
Revenue	$	27,222		$	27,223		$	21,154		$	18,630		$	15,805
Provision for losses	14,848			11,428			8,334			6,348			4,298
Net revenue	$	12,374		$	15,795		$	12,820		$	12,282		$	11,507
Net charge-offs	$	11,924		$	10,972		$	6,799		$	5,991		$	4,343
Open-End gross loan balances:
Open-End gross loans receivable	$	91,033		$	51,564		$	47,949		$	32,133		$	26,771
Allowance for loan losses	$	9,717		$	6,846		$	6,426		$	4,880		$	4,523
Open-End Allowance for loan losses as a percentage of Open-End gross loans receivable	10.7		%	13.3		%	13.4		%	15.2		%	16.9		%
Open-End ratios:
Provision as a percentage of gross loans receivable	16.3		%	22.2		%	17.4		%	19.8		%	16.1		%

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Single-Pay

Single-Pay revenue and loans receivable during the three months ended June 30, 2018 declined slightly year-over-year, primarily due to regulatory changes in Canada (rate changes in Alberta, Ontario and British Columbia) and continued product shift from Single-Pay to Installment and Open-End loans in all countries compared to the three months ended June 30, 2017. Even with the aforementioned accelerated Open-End growth in Canada, Single-Pay balances in Canada only shrank sequentially by $1.4 million. Provision for losses and Net charge-offs were consistent for the quarter and Single Pay Allowance for loan losses as a percentage of gross loans receivable remained consistent sequentially.

	2018						2017
(dollars in thousands, unaudited)	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter
Single-pay loans:
Revenue	$	61,602		$	63,705		$	70,868		$	70,895		$	63,241
Provision for losses	14,527			11,302			17,952			20,632			14,289
Net revenue	$	47,075		$	52,403		$	52,916		$	50,263		$	48,952
Net charge-offs	$	14,543		$	12,698		$	17,362		$	20,515		$	13,849
Single-Pay gross loan balances:
Single-Pay gross loans receivable	$	89,575		$	87,075		$	99,400		$	94,476		$	91,230
Single-Pay Allowance for loan losses	$	4,372		$	4,485		$	5,915		$	5,342		$	5,313
Single-Pay Allowance for loan losses as a percentage of Single-Pay gross loans receivable	4.9		%	5.2		%	6.0		%	5.7		%	5.8		%

Gross Combined Loans Receivable

The following table summarizes Company Owned gross loans receivable, a GAAP balance sheet measure, and reconciles it to gross combined loans receivable, a non-GAAP measure including loans originated by third-party lenders through CSO programs, which are not included in our Condensed Consolidated Financial Statements but from which we earn revenue and for which we provide a guarantee to the lender. Management believes this analysis provides investors with important information needed to evaluate overall lending performance.

	Three Months Ended
(in millions)	June 30, 2018		March 31, 2018		December 31, 2017		September 30, 2017		June 30, 2017
Company Owned gross loans receivable	$	444.6	$	389.8	$	432.8	$	393.4	$	350.3
Gross loans receivable Guaranteed by the Company	69.2		57.1		78.8		71.2		62.1
Gross combined loans receivable	$	513.8	$	446.9	$	511.6	$	464.6	$	412.4

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Gross combined loans receivable by product are presented below:

Gross combined loans receivable increased $101.4 million, or 24.6%, to $513.8 million as of June 30, 2018 compared to $412.4 million as of June 30, 2017. Geographically, gross combined loans receivable grew 23.6%, 33.8% and 36.0%, respectively in the U.S., Canada and U.K.

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Results of Operations - CURO Group Consolidated Operations

Condensed Consolidated Statements of Income

(Unaudited)

(in thousands)	Three Months Ended June 30,									Six Months Ended June 30,
	2018		2017		Change $			Change %		2018		2017		Change $			Change %
Revenue	$	248,983	$	216,944	$	32,039		14.8	%	$	510,741	$	441,524	$	69,217		15.7	%
Provision for losses	91,986		65,446		26,540			40.6	%	173,017		127,182		45,835			36.0	%
Net revenue	156,997		151,498		5,499			3.6	%	337,724		314,342		23,382			7.4	%
Advertising costs	17,554		11,641		5,913			50.8	%	27,310		19,329		7,981			41.3	%
Non-advertising costs of providing services	59,031		57,855		1,176			2.0	%	120,757		118,106		2,651			2.2	%
Total cost of providing services	76,585		69,496		7,089			10.2	%	148,067		137,435		10,632			7.7	%
Gross margin	80,412		82,002		(1,590		)	(1.9	)%	189,657		176,907		12,750			7.2	%
Operating (income) expense
Corporate, district and other	38,655		36,557		2,098			5.7	%	79,109		69,550		9,559			13.7	%
Interest expense	20,465		18,484		1,981			10.7	%	42,814		41,850		964			2.3	%
Loss on extinguishment of debt	—		—		—			#		11,683		12,458		(775		)	(6.2	)%
Total operating expense	59,120		55,041		4,079			7.4	%	133,606		123,858		9,748			7.9	%
Net income before income taxes	21,292		26,961		(5,669		)	(21.0	)%	56,051		53,049		3,002			5.7	%
Provision for income taxes	5,317		10,619		(5,302		)	(49.9	)%	16,784		20,069		(3,285		)	(16.4	)%
Net income	$	15,975	$	16,342	$	(367	)	(2.2	)%	$	39,267	$	32,980	$	6,287		19.1	%
# - Variance greater than 100% or not meaningful.

For the three months ended June 30, 2018 and 2017

Revenue and Net Revenue

Revenue increased $32.0 million, or 14.8%, to $249.0 million for the three months ended June 30, 2018 from $216.9 million for the three months ended June 30, 2017. U.S. revenue increased 16.1% on volume growth. Canadian revenue increased 7.9% as volume growth offset regulatory impacts on rates and product mix. U.K. revenue increased by 23.3%.

Provision for losses increased $26.5 million, or 40.6%, to $92.0 million for the three months ended June 30, 2018 from $65.4 million for the three months ended June 30, 2017. Refer to "--Segment Analysis" below for further explanations on the provision for losses.

Cost of Providing Services

The total cost of providing services increased $7.1 million, or 10.2%, to $76.6 million in the three months ended June 30, 2018, compared to $69.5 million in the three months ended June 30, 2017 primarily because of increased customer acquisition spend analyzed further in "--Segment Analysis" below.

Operating Expenses

Corporate, district and other expense increased $2.1 million, or 5.7% primarily related to increased headcount and $1.0 million of additional share-based compensation expense.

Provision for Income Taxes

The effective tax rate for the three months ended June 30, 2018 was 25.0% compared to 39.4% for the three months ended June 30, 2017. As a result of the Tax Cuts and Jobs Act of 2017 ("2017 Tax Act"), the corporate income tax rate for the U.S. decreased from 35% to 21%, effective in 2018. No tax benefit is recognized for losses in the U.K.

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For the six months ended June 30, 2018 and 2017

Revenue and Net Revenue

Revenue increased $69.2 million, or 15.7%, to $510.7 million for the six months ended June 30, 2018 from $441.5 million for the six months ended June 30, 2017. U.S. revenue increased 16.8% on volume growth. Canadian revenue increased 9.5% as volume growth offset regulatory impacts on rates and product mix. U.K. revenue increased by 24.4%.

Provision for losses increased $45.8 million, or 36.0%, to $173.0 million for the six months ended June 30, 2018 from $127.2 million for the six months ended June 30, 2017. Refer to "--Segment Analysis" below for further explanations on the provision for losses.

Cost of Providing Services

The total cost of providing services increased $10.6 million, or 7.7%, to $148.1 million in the six months ended June 30, 2018, compared to $137.4 million in the six months ended June 30, 2017, primarily because of higher customer acquisition spend.

Operating Expenses

Corporate, district and other expense increased $9.6 million, or 13.7%, primarily due to $5.1 million in additional compensation expense related to increased collections activity, online customer support and technology headcount and $2.7 million of additional share-based compensation expense.

Provision for Income Taxes

The effective tax rate for the six months ended June 30, 2018 was 29.9% compared to 37.8% for the six months ended June 30, 2017. As a result of the 2017 Tax Act, the federal corporate income tax rate for the U.S. decreased from 35% to 21%, effective in 2018. The provision for income tax as of June 30, 2018 includes an additional accrual of $1.2 million for adjustments to estimates of the tax on prior years' foreign repatriation and an estimated Global Intangible Low-Taxed Income ("GILTI") tax of $0.6 million. The $1.2 million additional provision on prior years' foreign repatriation was the result of additional interpretative guidance from the IRS issued during the first quarter of 2018 while the GILTI provision is a new, continuous requirement under the 2017 Tax Act.

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Segment Analysis

We report financial results for three reportable segments: the U.S., Canada and the U.K. Following is a recap of results of operations for the segment and period indicated:

U.S. Segment Results	Three Months Ended June 30,
(dollars in thousands)	2018			2017			Change $			Change %
Revenue	$	190,126		$	163,764		$	26,362		16.1	%
Provision for losses	71,987			51,958			20,029			38.5	%
Net revenue	118,139			111,806			6,333			5.7	%
Advertising costs	12,409			7,897			4,512			57.1	%
Non-advertising costs of providing services	41,682			40,790			892			2.2	%
Total cost of providing services	54,091			48,687			5,404			11.1	%
Gross margin	64,048			63,119			929			1.5	%
Corporate, district and other	28,221			27,993			228			0.8	%
Interest expense	20,465			18,423			2,042			11.1	%
Total operating expense	48,686			46,416			2,270			4.9	%
Segment operating income	15,362			16,703			(1,341		)	(8.0	)%
Interest expense	20,465			18,423			2,042			11.1	%
Depreciation and amortization	3,379			3,393			(14		)	(0.4	)%
EBITDA	39,206			38,519			687			1.8	%
Legal settlement cost	—			1,950			(1,950		)
Other adjustments	(66		)	(20		)	(46		)
Transaction related costs	—			146			(146		)
Share-based cash and non-cash compensation	2,181			1,176			1,005
Adjusted EBITDA	$	41,321		$	41,771		$	(450	)	(1.1	)%

U.S. Segment Results - For the three months ended June 30, 2018 and 2017

Second quarter U.S. revenues increased by $26.4 million or 16.1% to $190.1 million.

U.S revenue growth was driven by a $64.2 million, or 21.1%, increase in gross combined loans receivable to $367.7 million at June 30, 2018 compared to $303.6 million at June 30, 2017. We experienced volume growth primarily from Unsecured Installment receivables, which increased year-over-year $44.0 million, or 27.6%. Secured Installment receivables increased from the prior year period by $7.4 million or 9.2%, and Open-End receivables increased $12.9 million, or 48.3% compared to the prior year period. Open-End growth was driven by year-over-year expansion in Kansas and Tennessee of 26.9% and 20.6%, respectively, and the 2017 third quarter launch of Open-End in Virginia.

The increase of $20.0 million, or 38.5%, in provision for losses was primarily driven by the increase in combined loans receivable and the aforementioned 2017 Q1 Loss Recognition Change.

U.S. cost of providing services for the three months ended June 30, 2018 were $54.1 million, an increase of $5.4 million, or 11.1% compared to $48.7 million for the three months ended June 30, 2017, primarily due to $4.5 million, or 57.1%, higher advertising costs. Advertising for the U.S. online channel comprised $3.4 million of the year-over-year increase, $2.6 million of which related to our new Avio installment loans. U.S. store advertising rose 22.2% year-over-year. Advertising as a percentage of revenue was 6.5% and in the range we expected given the ramping of Avio and mix shift to online.

Corporate, district and other operating expenses remained consistent with the same period in the prior year. Interest expense increased $2.0 million, resulting from interest on the additional 12.00% Senior Secured Notes issued in November 2017.

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U.S. Segment Results	Six Months Ended June 30,
(dollars in thousands)	2018			2017			Change $			Change %
Revenue	$	394,719		$	338,086		$	56,633		16.8	%
Provision for losses	136,320			101,152			35,168			34.8	%
Net revenue	258,399			236,934			21,465			9.1	%
Advertising costs	17,568			12,591			4,977			39.5	%
Non-advertising costs of providing services	85,439			84,091			1,348			1.6	%
Total cost of providing services	103,007			96,682			6,325			6.5	%
Gross margin	155,392			140,252			15,140			10.8	%
Corporate, district and other	58,753			53,042			5,711			10.8	%
Interest expense	42,762			41,768			994			2.4	%
Gain on extinguishment of debt	11,683			12,458			(775		)	(6.2	)%
Total operating expense	113,198			107,268			5,930			5.5	%
Segment operating income	42,194			32,984			9,210			27.9	%
Interest expense	42,762			41,768			994			2.4	%
Depreciation and amortization	6,786			6,753			33			0.5	%
EBITDA	91,742			81,505			10,237			12.6	%
Gain on extinguishment of debt	11,683			12,458			(775		)
Legal settlement cost	—			1,950			(1,950		)
Other adjustments	(125		)	(14		)	(111		)
Transaction related costs	—			2,400			(2,400		)
Share-based cash and non-cash compensation	4,023			1,302			2,721
Adjusted EBITDA	$	107,323		$	99,601		$	7,722		7.8	%

U.S. Segment Results - For the six months ended June 30, 2018 and 2017

U.S. revenues increased by $56.6 million, or 16.8%, to $394.7 million for the six months ended June 30, 2018.

U.S revenue growth was driven by a $64.2 million, or 21.1%, increase in gross combined loans receivable to $367.7 million at June 30, 2018 compared to $303.6 million in the prior year period. We experienced volume growth primarily from Unsecured Installment receivables, which increased year-over-year $44.0 million, or 27.6%. Secured Installment receivables increased from the prior year period by $7.4 million, or 9.2%, and Open-End receivables increased $12.9 million, or 48.3%, compared to the prior year period. Open-End growth was driven by year-over-year expansion in Kansas and Tennessee of 26.9% and 20.6%, respectively, and the 2017 third quarter launch of Open-End in Virginia.

The increase of $35.2 million, or 34.8%, in provision for losses was primarily driven by the increase in combined loans receivable as previously discussed.

U.S. cost of providing services were $103.0 million, an increase of $6.3 million, or 6.5%, compared to $96.7 million for the six months ended June 30, 2017. The increase is primarily due to $5.0 million, or 39.5%, higher advertising costs.

The $5.7 million increase of corporate, district and other operating expenses includes $4.0 million of additional compensation expense, primarily due to increased collections, online customer support and technology headcount and $2.7 million of additional share-based compensation expense.

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Canada Segment Results	Three Months Ended June 30,
(dollars in thousands)	2018		2017			Change $			Change %
Revenue	$	47,043	$	43,595		$	3,448		7.9	%
Provision for losses	14,360		10,300			4,060			39.4	%
Net revenue	32,683		33,295			(612		)	(1.8	)%
Advertising costs	2,704		2,264			440			19.4	%
Non-advertising costs of providing services	16,679		15,069			1,610			10.7	%
Total cost of providing services	19,383		17,333			2,050			11.8	%
Gross margin	13,300		15,962			(2,662		)	(16.7	)%
Corporate, district and other	4,759		4,372			387			8.9	%
Interest expense	7		53			(46		)	(86.8	)%
Total operating expense	4,766		4,425			341			7.7	%
Segment operating income	8,534		11,537			(3,003		)	(26.0	)%
Interest expense	7		53			(46		)	(86.8	)%
Depreciation and amortization	1,091		1,100			(9		)	(0.8	)%
EBITDA	9,632		12,690			(3,058		)	(24.1	)%
Other adjustments	157		(158		)	315
Adjusted EBITDA	$	9,789	$	12,532		$	(2,743	)	(21.9	)%

Canada Segment Results - For the three months ended June 30, 2018 and 2017

Canada revenue improved $3.4 million, or 7.9%, to $47.0 million for the three months ended June 30, 2018 from $43.6 million in the prior year period. On a constant currency basis, revenue was up $1.6 million, or 3.6%. Revenue growth in Canada was impacted by the product transition from Single-Pay loans to Unsecured Installment and Open-End loans and the impact of regulatory rate changes in Alberta, Ontario and British Columbia.

Single-Pay revenue decreased $1.6 million, or 4.6%, to $33.3 million for the three months ended June 30, 2018 and Single-Pay ending receivables decreased $1.1 million, or 2.2%, to $47.3 million from $48.4 million in the prior year period due to mix shift in Ontario where we launched Open-End loans in the fourth quarter of 2017.

Canadian non-Single-Pay revenue increased $5.0 million, or 58.4%, to $13.7 million compared to $8.6 million the same quarter a year ago on $31.9 million, or 74.5%, growth in related loan balances. The increase was primarily related to the launch of Open-End products in Alberta and Ontario in the fourth quarter of 2017.

The provision for losses increased $4.1 million, or 39.4%, to $14.4 million for the three months ended June 30, 2018 compared to $10.3 million in the prior year period, because of upfront provisioning on relative loan volumes (total Open-End and Installment loans grew sequentially by $20.9 million this second quarter compared to $10.9 million in the second quarter of 2017), and mix shift from Single-Pay loans to Unsecured Installment and Open-End loans. On a constant currency basis, provision for losses increased $3.5 million, or 33.7%.

The cost of providing services in Canada increased $2.1 million, or 11.8%, to $19.4 million for the three months ended June 30, 2018, compared to $17.3 million in the prior year period. Advertising rose 19.4% due to increased spend for online and stores to support the ramp up of our LendDirect brand. The increase in non-advertising cost of providing services was due primarily to an increase in salary expense and occupancy expense from higher store counts. We have opened seven LendDirect stores since the second quarter of 2017. On a constant currency basis, cost of providing services increased $1.3 million, or 7.3%.

Canada operating expenses remained relatively flat to the same period in the prior year. Total operating expense increased to $4.8 million in the three months ended June 30, 2018, from $4.4 million in the prior year period.

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Canada Segment Results	Six Months Ended June 30,
(dollars in thousands)	2018		2017			Change $			Change %
Revenue	$	93,293	$	85,161		$	8,132		9.5	%
Provision for losses	26,910		20,528			6,382			31.1	%
Net revenue	66,383		64,633			1,750			2.7	%
Advertising costs	5,430		4,045			1,385			34.2	%
Non-advertising costs of providing services	33,151		30,326			2,825			9.3	%
Total cost of providing services	38,581		34,371			4,210			12.2	%
Gross margin	27,802		30,262			(2,460		)	(8.1	)%
Corporate, district and other	9,656		7,747			1,909			24.6	%
Interest expense	64		82			(18		)	(22.0	)%
Total operating expense	9,720		7,829			1,891			24.2	%
Segment operating income	18,082		22,433			(4,351		)	(19.4	)%
Interest expense	64		82			(18		)	(22.0	)%
Depreciation and amortization	2,219		2,219			—			—	%
EBITDA	20,365		24,734			(4,369		)	(17.7	)%
Other adjustments	173		(472		)	645
Adjusted EBITDA	$	20,538	$	24,262		$	(3,724	)	(15.3	)%

Canada Segment Results - For the six months ended June 30, 2018 and 2017

Canada revenue improved $8.1 million, or 9.5%, to $93.3 million for the six months ended June 30, 2018 from $85.2 million in the prior year period. On a constant currency basis, revenue was up $4.2 million, or 4.9%. Revenue growth in Canada was impacted by the product transition from Single-Pay loans to Unsecured Installment and Open-End loans and the impact of regulatory rate changes in Alberta, Ontario and British Columbia.

Single-Pay revenue decreased $1.5 million, or 2.2%, to $67.6 million for the six months ended June 30, 2018 on related Single-Pay ending receivables decrease of $1.1 million, or 2.2%, to $47.3 million from $48.4 million in the prior year period due to mix shift in Ontario where we launched Open-End loans in the fourth quarter of 2017.

Canadian non-Single-Pay revenue increased $9.6 million, or 60.0%, to $25.7 million compared to $16.0 million the same period a year ago on $31.9 million, or 74.5%, growth in related loan balances. The increase was primarily related to the launch of Open-End products in Alberta and Ontario in the fourth quarter of 2017.

The provision for losses increased $6.4 million, or 31.1%, to $26.9 million for the six months ended June 30, 2018 compared to $20.5 million in the prior year period, because of relative loan volumes and mix shift from Single-Pay loans to Unsecured Installment and Open-End loans. On a constant currency basis, provision for losses increased $5.3 million, or 25.6%.

The cost of providing services in Canada increased $4.2 million, or 12.2%, to $38.6 million for the six months ended June 30, 2018, compared to $34.4 million in the prior year period. The increase was due primarily to $1.4 million, or 34.2%, higher advertising costs compared to the prior year period and an increase in occupancy expense from higher store counts. We have opened seven LendDirect stores since the second quarter of 2017. On a constant currency basis, cost of providing services increased $2.6 million, or 7.5%.

Operating expenses increased $1.9 million, or 24.2%, to $9.7 million in the six months ended June 30, 2018, from $7.8 million in the prior year period, due to increased collections and customer support payroll expenses from seasonality, increased volumes, expansion of the LendDirect business and product shifts from Single-Pay loans to Unsecured Installment and Open-End loans. On a constant currency basis, operating expenses increased $1.5 million, or 19.0%.

50

U.K. Segment Results	Three Months Ended June 30,
(dollars in thousands)	2018			2017			Change $			Change %
Revenue	$	11,814		$	9,585		$	2,229		23.3	%
Provision for losses	5,639			3,188			2,451			76.9	%
Net revenue	6,175			6,397			(222		)	(3.5	)%
Advertising costs	2,441			1,479			962			65.0	%
Non-advertising costs of providing services	670			1,997			(1,327		)	(66.4	)%
Total cost of providing services	3,111			3,476			(365		)	(10.5	)%
Gross margin	3,064			2,921			143			4.9	%
Corporate, district and other	5,675			4,192			1,483			35.4	%
Interest income	(7		)	9			16			#
Total operating expense	5,668			4,201			1,467			34.9	%
Segment operating loss	(2,604		)	(1,280		)	(1,324		)	(103.4	)%
Interest income	(7		)	9			16			#
Depreciation and amortization	128			182			(54		)	(29.7	)%
EBITDA	(2,483		)	(1,089		)	(1,394		)	(128.0	)%
Other adjustments	(6		)	(12		)	6
Adjusted EBITDA	$	(2,489	)	$	(1,101	)	$	(1,388	)	(126.1	)%
# - Variance greater than 100% or not meaningful

U.K. Segment Results - For the three months ended June 30, 2018 and 2017

U.K. revenue improved $2.2 million, or 23.3%, to $11.8 million for the three months ended June 30, 2018 from $9.6 million in the prior year period. On a constant currency basis, revenue was up $1.5 million, or 16.0%. Provision for losses increased $2.5 million, and on a constant currency basis, increased $2.1 million, or 66.0%, due to upfront provisioning on volume growth and the high percentage of new customers in the origination mix. Installment loans in the U.K. grew sequentially by $3.7 million in the second quarter compared to $1.9 million in the second quarter of 2017.

The cost of providing services in the U.K. decreased $0.4 million, or 10.5%, for the three months ended June 30, 2018 compared to prior year period due to reduction in costs related to the completion of store closures in the third quarter of 2017, partially offset by higher customer acquisition spend. On a constant currency basis, the cost of providing services decreased $0.6 million, or 16.4%.

Corporate, district and other expenses increased $1.5 million, or 35.4%, to $5.7 million for the three months ended June 30, 2018 compared to the prior year period. This increase includes costs related to customer redress pursuant to a complaint resolution process for all lenders in the U.K. The cost in the second quarter of 2018 to administer the complaint resolution process and the direct customer redress paid or accrued totaled $1.4 million, an increase of $0.9 million compared to the prior year period. On a constant currency basis, corporate, district and other expenses increased $1.2 million, or 27.6%.

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U.K. Segment Results	Six Months Ended June 30,
(dollars in thousands)	2018			2017			Change $			Change %
Revenue	$	22,729		$	18,277		$	4,452		24.4	%
Provision for losses	9,787			5,502			4,285			77.9	%
Net revenue	12,942			12,775			167			1.3	%
Advertising costs	4,312			2,692			1,620			60.2	%
Non-advertising costs of providing services	2,167			3,689			(1,522		)	(41.3	)%
Total cost of providing services	6,479			6,381			98			1.5	%
Gross margin	6,463			6,394			69			1.1	%
Corporate, district and other	10,700			8,761			1,939			22.1	%
Interest income	(12		)	1			13			#
Total operating expense	10,688			8,762			1,926			22.0	%
Segment operating loss	(4,225		)	(2,368		)	(1,857		)	78.4	%
Interest income	(12		)	1			13			#
Depreciation and amortization	254			357			(103		)	(28.9	)%
EBITDA	(3,983		)	(2,010		)	(1,973		)	98.2	%
Other adjustments	(42		)	(18		)	(24		)
Adjusted EBITDA	$	(4,025	)	$	(2,028	)	$	(1,997	)	98.5	%
# - Variance greater than 100% or not meaningful

U.K. Segment Results - For the six months ended June 30, 2018 and 2017

U.K. revenue improved $4.5 million, or 24.4%, to $22.7 million for the six months ended June 30, 2018 from $18.3 million in the prior year period. On a constant currency basis, revenue was up $2.5 million, or 13.9%. Provision for losses increased $4.3 million, and, on a constant currency basis, increased $3.5 million, or 62.9%, due to volume growth.

The cost of providing services in the U.K. increased $0.1 million, or 1.5%, for the six months ended June 30, 2018 compared to prior year period due to higher customer acquisition spend offset by a lower cost basis upon completion of store closures in the third quarter of 2017. On a constant currency basis, the cost of providing services decreased $0.5 million, or 7.4%.

Corporate, district and other expenses increased $1.9 million, or 22.1%, to $10.7 million for the six months ended June 30, 2018 compared to the prior year period. This increase includes costs related to customer redress pursuant to a complaint resolution process for all lenders in the U.K. The cost in the six months ended June 30, 2018 to administer the complaint resolution process and the direct customer redress paid or accrued totaled $2.9 million, an increase of $2.0 million compared to the prior year period. On a constant currency basis, corporate, district and other expenses increased $1.0 million, or 12.0%.

Supplemental Non-GAAP Financial Information

Non-GAAP Financial Measures

In addition to the financial information prepared in conformity with U.S. GAAP, we provide certain “non-GAAP financial measures” as defined under SEC rules, including:

• Adjusted Net Income and Adjusted Earnings Per Share, or the Adjusted Earnings Measures (net income plus or minus gain (loss) on extinguishment of debt, restructuring and other costs, goodwill and intangible asset impairments, transaction-related costs, share-based compensation, intangible asset amortization and cumulative tax effect of adjustments, on a total and per share basis);

• EBITDA (earnings before interest, income taxes, depreciation and amortization);

• Adjusted EBITDA (EBITDA plus or minus certain non-cash and other adjusting items); and

• Gross Combined Loans Receivable (includes loans originated by third-party lenders through CSO programs which are not included in our consolidated financial statements).

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We believe that presentation of non-GAAP financial information is meaningful and useful in understanding the activities and business metrics of our operations. We believe that these non-GAAP financial measures reflect an additional way of viewing aspects of our business that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting our business.

We believe that investors regularly rely on non-GAAP financial measures to assess operating performance and that such measures may highlight trends in our business that may not otherwise be apparent when relying on financial measures calculated in accordance with GAAP. We believe that the adjustments shown below are useful to investors in order to allow them to compare our financial results during the periods shown without the effect of each of these income or expense items. In addition, we believe that Adjusted Net Income, EBITDA and Adjusted EBITDA are frequently used by securities analysts, investors and other interested parties in the evaluation of public companies in our industry, many of which present Adjusted Net Income, EBITDA and/or Adjusted EBITDA when reporting their results.

We provide non-GAAP financial information for informational purposes and to enhance understanding of our GAAP consolidated financial statements. Adjusted Net Income, EBITDA, Adjusted EBITDA and Gross Combined Loans Receivable should not be considered as alternatives to income from continuing operations or any other performance measure derived in accordance with U.S. GAAP, or as an alternative to cash flows from operating activities or any other liquidity measure derived in accordance with U.S. GAAP. Rather, these measures should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for, or superior to, U.S. GAAP results. This non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes.

Description and Reconciliations of Non-GAAP Financial Measures

Adjusted Earnings Measures, EBITDA and Adjusted EBITDA have limitations as analytical tools, and you should not consider these measures in isolation or as a substitute for analysis of our income or cash flows as reported under U.S. GAAP. Some of these limitations are:

• they do not include our cash expenditures or future requirements for capital expenditures or contractual commitments;

• they do not include changes in, or cash requirements for our working capital needs;

• they do not include the interest expense, or the cash requirements necessary to service interest or principal payments on our debt;

• depreciation and amortization are non-cash expense items reported in our statements of cash flows; and

• other companies in our industry may calculate these measures differently, limiting their usefulness as comparative measures.

As noted above, Gross Combined Loans Receivable includes loans originated by third-party lenders through CSO programs which are not included in the consolidated financial statements but from which we earn revenue and for which we provide a guarantee to the lender. Management believes this analysis provides investors with important information needed to evaluate overall lending performance.

We evaluate our stores based on revenue per store, net charge-offs at each store and EBITDA per store, with consideration given to the length of time a store has been open and its geographic location. We monitor newer stores for their progress to profitability and their rate of revenue growth.

We believe Adjusted Earnings Measures, EBITDA and Adjusted EBITDA are used by investors to analyze operating performance and evaluate our ability to incur and service debt and our capacity for making capital expenditures. Adjusted EBITDA is also useful to investors to help assess our estimated enterprise value. The computation of Adjusted EBITDA as presented below may differ from the computation of similarly-titled measures provided by other companies.

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Reconciliation of Net Income and Diluted Earnings per Share to Adjusted Net Income and Adjusted Diluted Earnings per Share, non-GAAP measures

	Three Months Ended June 30,						Change
(in thousands except per share data)	2018			2017			$			%
Net income	$	15,975		$	16,342		$	(367	)	(2.2	)%
Adjustments:
Loss on extinguishment of debt(1)	—			—
Legal settlement costs(7)	—			1,950
Transaction related costs(2)	—			146
Share-based compensation(3)	2,181			1,180
Intangible asset amortization	655			590
Impact of tax law changes(6)	—			—
Cumulative tax effect of adjustments	(709		)	(1,523		)
Adjusted Net Income	$	18,102		$	18,685		$	(583	)	(3.1	)%
Net income	$	15,975		$	16,342
Diluted Weighted Average Shares Outstanding (4)	47,996			38,987
Diluted Earnings per Share (4)	$	0.33		$	0.42		$	(0.09	)	(21.4	)%
Per Share impact of adjustments to Net Income (4)	0.05			0.06
Adjusted Diluted Earnings per Share (4)	$	0.38		$	0.48		$	(0.10	)	(20.8	)%

	Six Months Ended June 30,						Change
(in thousands except per share data)	2018			2017			$			%
Net income	$	39,267		$	32,980		$	6,287		19.1	%
Adjustments:
Loss on extinguishment of debt(1)	11,683			12,458
Legal settlement costs(7)	—			1,950
Transaction related costs(2)	—			2,400
Share-based compensation(3)	4,023			1,306
Intangible asset amortization	1,331			1,173
Impact of tax law changes(6)	1,800			—
Cumulative tax effect of adjustments	(4,401		)	(7,105		)
Adjusted Net Income	$	53,703		$	45,162		$	8,541		18.9	%
Net income	$	39,267		$	32,980
Diluted Weighted Average Shares Outstanding (4)	47,757			38,983
Diluted Earnings per Share (4)	$	0.82		$	0.85		$	(0.03	)	(3.5	)%
Per Share impact of adjustments to Net Income (4)	0.31			0.31
Adjusted Diluted Earnings per Share (4)	$	1.13		$	1.16		$	(0.03	)	(2.6	)%

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Reconciliation of Net income to EBITDA and Adjusted EBITDA, non-GAAP measures

	Three Months Ended June 30,						Change
(dollars in thousands)	2018			2017			$			%
Net income	$	15,975		$	16,342		$	(367	)	(2.2	)%
Provision for income taxes	5,317			10,619			(5,302		)	(49.9	)%
Interest expense	20,465			18,484			1,981			10.7	%
Depreciation and amortization	4,598			4,676			(78		)	(1.7	)%
EBITDA	46,355			50,121			$	(3,766	)	(7.5	)%
Loss on extinguishment of debt(1)	—			—
Legal Settlement costs(7)	—			1,950
Transaction related costs(2)	—			146
Share-based compensation(3)	2,181			1,180
Other adjustments(5)	85			(201		)
Adjusted EBITDA	48,621			53,196			(4,575		)	(8.6	)%
Adjusted EBITDA Margin	19.5		%	24.5		%

	Six Months Ended June 30,						Change
(dollars in thousands)	2018			2017			$			%
Net income	$	39,267		$	32,980		$	6,287		19.1	%
Provision for income taxes	16,784			20,069			(3,285		)	(16.4	)%
Interest expense	42,814			41,850			964			2.3	%
Depreciation and amortization	9,259			9,330			(71		)	(0.8	)%
EBITDA	108,124			104,229			$	3,895		3.7	%
Loss on extinguishment of debt(1)	11,683			12,458
Legal settlement costs	—			1,950
Transaction related costs(2)	—			2,400
Share-based compensation(3)	4,023			1,306
Other adjustments(5)	6			(515		)
Adjusted EBITDA	123,836			121,828			2,008			1.6	%
Adjusted EBITDA Margin	24.2		%	27.6		%
(1) For the six months ended June 30, 2018, the $11.7 million loss from the extinguishment of debt was due to the redemption of CFTC's 12.00% Senior Secured Notes due 2022. For the six months ended June 30, 2017, the $12.5 million loss from extinguishment of debt was due to the redemption of CURO Intermediate Holding Corp's 10.75% Senior Secured Notes due 2018 and the 12.00% Senior Cash Pay Notes due 2017.
(2) Transaction-related costs include professional fees paid in connection with potential transactions and the original issuance of $470.0 million of Senior Secured Notes due 2022 in the first quarter of 2017.
(3) The Company approved the adoption of a share-based compensation plans during 2010 and 2017 for key members of its senior management team. The estimated fair value of share-based awards is recognized as non-cash compensation expense on a straight-line basis over the vesting period.
(4)The share and per share information have been adjusted to give effect to the 36-to-1 split of the Company's common stock that occurred during the fourth quarter of 2017.
(5) Other adjustments include deferred rent and the intercompany foreign exchange impact. Deferred rent represents the non-cash component of rent expense. Rent expense is recognized ratably on a straight-line basis over the lease term.
(6) As a result of the 2017 Tax Act, which became law on December 22, 2017, we provided an estimate of the new repatriation tax as of December 31, 2017. Subsequent to further guidance published in the first quarter of 2018, we booked additional tax expense of $1.2 million for the 2017 repatriation tax. Additionally, the 2017 Tax Act provided for a new GILTI tax starting in 2018 and we estimated and provided tax expense of $0.6 million as of June 30, 2018.
(7) Legal settlement cost for the three and six months ended June 30, 2017 includes $2.0 million for the settlement of the Harrison, et. al. v. Principal Investment Inc. et al. For more information, see Note 18 -- "Contingent Liabilities" of the Notes to the Consolidated Financial Statements included in the Company's Form 10-K filed with the SEC on March 13, 2018.

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Currency Information

We operate in the U.S., Canada and the U.K. and report our consolidated results in U.S. dollars.

Changes in our reported revenues and net income include the effect of changes in currency exchange rates. All balance sheet accounts are translated into U.S. dollars at the currency exchange rate in effect at the end of each period. The income statement is translated at the average rates of exchange for the period. Currency translation adjustments are recorded as a component of Accumulated Other Comprehensive Income in Stockholders’ Equity.

Constant Currency Analysis

In the three months ended June 30,2018 and 2017, approximately 23.6% and 24.5%, respectively, of our revenues were originated in currencies other than the U.S. Dollar. As a result, changes in our reported results include the impacts of changes in foreign currency exchange rates for the Canadian Dollar and the British Pound Sterling.

Three Months Ended June 30,2018 and 2017

	Average Exchange Rates
	Three Months Ended June 30,				Change
	2018		2017		$		%
Canadian Dollar	$	0.7749	$	0.7434		$0.0315	4.2	%
British Pound Sterling	$	1.3610	$	1.2784		$0.0826	6.5	%

Six Months Ended June 30,2018 and 2017

	Average Exchange Rates
	Six Months Ended June 30,				Change
	2018		2017		$		%
Canadian Dollar	$	0.7831	$	0.7495		$0.0336	4.5	%
British Pound Sterling	$	1.3763	$	1.2587		$0.1176	9.3	%

The following constant currency analysis removes the impact of the fluctuation in foreign exchange rates and utilizes constant currency results in our analysis of segment performance. Our constant currency assessment assumes foreign exchange rates in the current fiscal periods remained the same as in the prior fiscal periods. All conversion rates below are based on the U.S. Dollar equivalent to one of the applicable foreign currencies. We believe that the constant currency assessment below is a useful measure in assessing the comparable growth and profitability of our operations.

The revenues and gross margin below during the three months ended June 30,2018 were calculated using the actual average exchange rate during the three months ended June 30,2017.

	Three Months Ended June 30,				Change
(dollars in thousands)	2018		2017		$			%
Revenues – constant currency basis:
Canada	$	45,146	$	43,595	$	1,551		3.6	%
United Kingdom	11,115		9,585		1,530			16.0	%
Gross margin - constant currency basis:
Canada	12,777		15,962		(3,185		)	(20.0	)%
United Kingdom	2,915		2,921		(6		)	(0.2	)%

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The revenues and gross margin below during the six months ended June 30,2018 were calculated using the actual average exchange rate during the six months ended June 30,2017.

	Six Months Ended June 30,				Change
(dollars in thousands)	2018		2017		$			%
Revenues – constant currency basis:
Canada	$	89,343	$	85,161	$	4,182		4.9	%
United Kingdom	20,818		18,277		2,541			13.9	%
Gross margin - constant currency basis:
Canada	26,630		30,262		(3,632		)	(12.0	)%
United Kingdom	5,946		6,394		(448		)	(7.0	)%

LIQUIDITY AND CAPITAL RESOURCES

Our principal sources of liquidity to fund the loans we make to our customers are cash provided by operations, our Senior Revolver (defined below), funds from third party lenders under our CSO programs, and our Non-Recourse U.S. SPV Facility, which finances the originations of eligible U.S. Unsecured and Secured Installment Loans at an advance rate of 80%. In 2017, we issued our 12.00% Senior Secured Notes due March 1, 2022 ("Senior Secured Notes") to refinance similar notes that were nearing maturity and to pay dividends to our stockholders. As of June 30, 2018, we were in compliance with all financial ratios, covenants and other requirements set forth in our debt agreements. We anticipate that our primary use of cash will be to fund growth in our working capital, finance capital expenditures and meet our debt obligations. Our level of cash flow provided by operating activities typically experiences some seasonal fluctuation related to our levels of net income and changes in working capital levels, particularly loans receivable.

Unexpected changes in our financial condition or other unforeseen factors may result in our inability to obtain third-party financing or could increase our borrowing costs in the future. We have the ability to adjust our volume of lending to consumers which would reduce cash outflow requirements while increasing cash inflows through loan repayments to the extent we experience any short-term or long-term funding shortfalls. We may also sell or securitize our assets, draw on our available revolving credit facility or line of credit, enter into additional refinancing agreements and reduce our capital spending in order to generate additional liquidity. We believe our cash on hand and available borrowings provide us with sufficient liquidity for at least the next 12 months.

Borrowings

Our long-term debt consisted of the following as of June 30,2018 and December 31, 2017 (net of deferred financing costs):

	June 30,		December 31,
(dollars in thousands)	2018		2017
2017 Senior Secured Notes (due 2022)	$	512,136	$	585,823
Non-Recourse U.S. SPV Facility	114,697		120,402
Senior Revolver	—		—
Cash Money Revolving Credit Facility	—		—
Long-term debt	$	626,833	$	706,225

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Available Credit Facilities and Other Resources

12.00% Senior Secured Notes

In February and November 2017, CFTC issued $470.0 million and $135.0 million, respectively, of Senior Secured Notes. Interest on the Senior Secured Notes is payable semiannually, in arrears, on March 1 and September 1 of each year, beginning on September 1, 2017. The February issuance refinanced similar notes that were nearing maturity. The extinguishment of the existing notes resulted in a pretax loss of $11.7 million during the six months ended June 30, 2017. In connection with these 2017 debt issuances we capitalized financing costs of approximately $18.3 million, the balance of which is included in the Condensed Consolidated Balance Sheets as a component of Long-Term Debt, and is being amortized over the term of the Senior Secured Notes and included as a component of interest expense.

On March 7, 2018, CFTC redeemed $77.5 million of its Senior Secured Notes (the transaction whereby the Senior Secured Notes were partially redeemed, the “Redemption”) at a price equal to 112.00% of the principal amount of the Senior Secured Notes redeemed, plus accrued and unpaid interest paid thereon to the date of Redemption. Following the Redemption, $527.5 million of the original outstanding principal amount of the Senior Secured Notes remain outstanding. The Redemption was conducted pursuant to the Indenture governing the Senior Secured Notes (the “Indenture”), dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent. Consistent with the terms of the Indenture, CFTC used a portion of the cash proceeds from our initial public offering, completed in December 2017, to redeem such Senior Secured Notes.

Non-Recourse U.S. SPV Facility

In November 2016, CURO Receivables Finance I, LLC, a Delaware limited liability company (the “SPV Borrower”) and a wholly-owned subsidiary, entered into a five-year revolving credit facility with Victory Park Management, LLC and certain other lenders that provides an $80.0 million term loan and $70.0 million of revolving borrowing capacity that can expand time (“Non-Recourse U.S. SPV Facility”).

Senior Revolver

In September 2017, we closed a $25.0 million Senior Secured Revolving Loan Facility (the "Senior Revolver"). In February 2018, the Senior Revolver capacity was increased to $29.0 million as permitted by the Indenture to the Senior Secured Notes based upon consolidated tangible assets. The Senior Revolver is now syndicated with participation by a second bank. The negative covenants of the Senior Revolver generally conform to the related provisions in the Indenture for our 12.00% Senior Secured Notes. We believe this facility complements our other financing sources, while providing seasonal short-term liquidity. Under the Senior Revolver, there is $29.0 million maximum availability, including up to $5.0 million of standby letters of credit, for a one-year term, renewable for successive terms following annual review. The Senior Revolver accrues interest at the one-month LIBOR (which may not be negative) plus 5.00% per annum and is repayable on demand. The terms of the Senior Revolver require that the outstanding balance be reduced to $0 for at least 30 consecutive days in each calendar year. The Senior Revolver is guaranteed by all subsidiaries of CURO that guarantee our 12.00% Senior Secured Notes and is secured by a lien on substantially all assets of CURO and the guarantor subsidiaries that is senior to the lien securing our 12.00% Senior Secured Notes. The Senior Revolver was undrawn at June 30, 2018.

Cash Money Revolving Credit Facility

Cash Money Cheque Cashing, Inc., one of our Canadian subsidiaries, maintains a C$7.3 million revolving credit facility with Royal Bank of Canada. The Cash Money Revolving Credit Facility provides short-term liquidity required to meet the working capital needs of our Canadian operations. Aggregate draws under the revolving credit facility are limited to the lesser of: (i) the borrowing base, which is defined as a percentage of cash, deposits in transit and accounts receivable, and (ii) C$7.3 million. As of December 31, 2017, the borrowing capacity under our revolving credit facility was reduced by C$0.3 million in stand-by-letters of credit.

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The Cash Money Revolving Credit Facility is collateralized by substantially all of Cash Money’s assets and contains various covenants that include, among other things, that the aggregate borrowings outstanding under the facility not exceed the borrowing base, restrictions on the encumbrance of assets and the creation of indebtedness. Borrowings under the Cash Money Revolving Credit Facility bear interest (per annum) at the prime rate of a Canadian chartered bank plus 1.95%. The Cash Money Revolving Credit Facility was undrawn at June 30, 2018 and December 31, 2017.

Cash Flows

The following highlights our cash flow activity and the sources and uses of funding during the periods indicated:

	Six Months Ended June 30,
(dollars in thousands)	2018			2017
Net cash provided by operating activities	$	33,895		$	49,774
Net cash used in investing activities	(4,424		)	(16,240		)
Net cash used in financing activities	(71,361		)	(115,719		)

Operating activities

Net cash provided by operating activities for the six months ended June 30,2018 was $33.9 million. Contributing to current year net cash provided by operating activities were net income of $39.3 million and non-cash expenses of $192.3 million. Major components of non-cash expenses include depreciation and amortization, provision for loan losses and loss on debt extinguishment. Contributions from net income and non-cash expenses were offset by changes in our operating assets and liabilities of $197.7 million. Our loans receivable change represented $206.1 million of the total change in operating assets and liabilities.

Net cash provided by operating activities for the six months ended June 30, 2017 was $49.8 million. Contributing to net cash provided by operating activities were net income of $33.0 million, and non-cash expenses, such as depreciation and amortization, the provision for loan losses, and a loss on debt extinguishment for a total of $150.2 million, partially offset by changes in our operating assets and liabilities of $133.4 million. The most significant change within operating assets and liabilities was a $150.5 million increase in loans receivable, net of provision for losses.

Loans receivable will fluctuate from period to period depending on the timing of loan issuances and collections. A seasonal decline in consumer loans receivable typically takes place during the first quarter of the year and is driven by income tax refunds in the United States. Typically, customers will use the proceeds from income tax refunds to pay outstanding loan balances, resulting in an increase of our net cash balances and a decrease of our consumer loans receivable balances. Consumer loans receivable balances typically reflect growth during the remainder of the year.

Investing activities

Net cash used in investing activities for the six months ended June 30,2018 was $4.4 million. We used cash to purchase approximately $3.1 million of property and equipment, including software licenses, and to purchase $1.0 million of Cognical Holdings preferred shares. Additionally, the increase in restricted cash of $0.4 million was primarily attributable to our Non-Recourse U.S. SPV Facility.

Net cash used in investing activities for the six months ended June 30, 2017 was $16.2 million. Restricted cash increased by approximately $4.4 million primarily attributable to our Non-Recourse U.S. SPV Facility. Additionally, we purchased approximately $6.8 million of property and equipment, including software licenses, and $5.0 million of Cognical Holdings preferred shares.

59

Financing activities

Net cash used in financing activities for the six months ended June 30,2018 was $71.4 million. We redeemed $77.5 million of our 12.00% Senior Secured Notes for $86.8 million (which included $9.3 million of call premium). The underwriters from our 2017 initial public offering exercised their option on January 5, 2018 and acquired one million shares of our common stock, providing net proceeds of $12.4 million as of June 30, 2018. We also had net borrowings of $6.2 million from our U.S. SPV Facility.

Net cash used in financing activities for the six months ended June 30, 2017 was $115.7 million. During this period, CFTC extinguished its 10.75% Senior Secured Notes for $426.0 million (which included $8.9 million of call premium) and extinguished our Senior Cash Pay Notes for $125.0 million. We also paid a dividend of $28.0 million to our stockholders in May 2017. These payments were partially financed by proceeds of $447.6 million (net of $14.0 million of debt issuance costs and $8.5 million of discount on notes issued) from the issuance of our 12.00% Senior Secured Notes due 2022. We had net borrowings of $16.0 million from our U.S. SPV Facility and our ABL Facility.

Contractual Obligations

There have been no significant developments with respect to our contractual obligations since December 31, 2017, as described in our Annual Report on Form 10-K.

Regulatory Environment and Compliance

There have been no significant developments with respect to our regulatory environment and compliance since December 31, 2017, as described in our Annual Report on Form 10-K, other than the following:

Recent developments regarding the CFPB Rule

The CFPB adopted a new rule applicable to payday vehicle title, and certain high-cost installment loans in November 2017 (the "CFPB Rule"), with most provisions currently scheduled to become effective in August 2019. In January 2018, the CFPB announced that it intends to engage in a rulemaking process to reconsider the CFPB Rule pursuant to the Administrative Procedure Act ("APA"). On April 9, 2018, the Community Financial Services Association of America ("CFSA") and the Consumer Service Alliance of Texas ("CSAT") filed a lawsuit against the CFPB in the U.S. District Court for the Western District of Texas, Austin Division, seeking to invalidate the CFPB Rule. The lawsuit alleges that the rule violates the APA because it exceeds the CFPB's statutory authority and is arbitrary, capricious and unsupported by substantial evidence. The lawsuit also argues that the CFPB’s structure is unconstitutional under the Constitution’s separation of powers because the agency’s powers are concentrated in a single, unchecked Director who is improperly insulated from both presidential supervision and congressional appropriation, and hence unaccountable to the American people. On May 31, 2018, CFSA together with CSAT and CFPB filed a joint motion to effectively stay the litigation between the parties and stay the compliance date of the CFPB Rule. On June 12, 2018, the judge granted the motion to stay the litigation but denied the motion to stay the compliance date of the CFPB Rule. On June 22, 2018, CFSA and CSAT filed a motion for reconsideration to stay the compliance date of the CFPB Rule. The court has not yet ruled on such motion for reconsideration. It is impossible to predict whether and when the CFPB Rule will go into effect and, if so, whether and how it might be modified.

California legislative activity

Three bills were introduced in the California Assembly which would have directly impacted the products currently offered by us. Assembly Bill 2500 as introduced would have imposed a 36% APR cap on all consumer loans between $2,500 and $5,000 and, a 24% APR cap on all consumer loans between $5,000 and $10,000. Assembly Bill 2953 would have imposed a 36% APR cap on all auto title loans. Assembly Bill 3010 as introduced would have limited borrowers to one outstanding payday loan at a time across all lenders using a common database to enforce the one loan restriction.

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Assembly Bill 2500 did not pass out of the Assembly by the May 31, 2018 deadline. Assembly Bills 2953 and 3010 advanced to the Senate but did not pass out of the Senate Banking and Insurance Committee by the June 30, 2018 deadline. As a result, activity for all three bills has concluded for this legislative session. California represented 18.2% and 18.0%, respectively, of our consolidated revenues for the three and six months ended June 30, 2018.

Ohio legislative activity

House Bill 123 was first introduced in March of 2017. As initially introduced, the bill would significantly limit the permissible fees and charges on short term loans and eliminate the CSO arrangement. In late July 2018, the Ohio legislature passed House Bill 123 and the Governor signed the bill into law on July 30, 2018. The bill is effective in 90 days and, certain sections apply to loans made 180 calendar days after the effective date. As a result, loan product changes will occur on or near May 1, 2019.

Ohio revenue for the trailing twelve months ended June 30, 2018, was $20.1 million. After loss provisions and direct costs, state-level contribution from Ohio was immaterial.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

For quantitative and qualitative disclosures about our market risks, see "Quantitative and Qualitative Disclosures about Market Risk" in our 2017 Annual Report on Form 10-K. There have been no material changes to the amounts presented therein except for the following:

Foreign Currency Exchange Rate Risk

As foreign currency exchange rates change, translation of the financial results of the U.K. and Canadian operations into U.S. Dollars will be impacted. Our operations in Canada and the U.K. represent a significant portion of our total operations, and as a result, a material change in foreign currency exchange rates in either country could have a significant impact on our consolidated financial position, results of operations or cash flows. From time to time, we may elect to purchase financial instruments as hedges against foreign exchange rate risks with the objective of protecting our results of operations in the U.K. and/or Canada against foreign currency fluctuations. We typically hedge anticipated cash flows between our foreign subsidiaries and domestic subsidiaries.

During the six months ended June 30, 2018, we entered into a series of cash flow hedges in which the hedging instruments were forwards to purchase GBP 7.9 million. These contracts will complete during the three months ended September 30, 2018.

We performed an assessment that determined all critical terms of the hedging instrument and the hedged transaction match and, as such, have qualitatively concluded that changes in the hedge instrument’s intrinsic value will completely offset the change in the expected cash flows based on changes in the spot rate. Since the effectiveness of this hedge is assessed based on changes in the hedge instrument’s intrinsic value, the change in the time value of the contract would be excluded from the assessment of hedge effectiveness. We recorded changes in the hedge instrument’s intrinsic value, to the extent that they were effective as a hedge, in "Other comprehensive income."

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ITEM 4. CONTROLS AND PROCEDURES

Disclosure controls and procedures 

We maintain disclosure controls and procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, including without limitation, controls and procedures designed to ensure that information required to be disclosed in reports we file under the Exchange Act is accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objective and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based on an evaluation of our disclosure controls and procedures as of the end of the period covered by this report conducted by our management, with the participation of the Chief Executive Officer and Chief Financial Officer, the Chief Executive Officer and Chief Financial Officer concluded that these controls and procedures were effective as of June 30, 2018. 

Internal control over financial reporting 

There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) during the three months ended June 30, 2018, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART 2. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The information required by this item is included in Note 13 - Contingent Liabilities of the Notes to the Condensed Consolidated Financial Statements in this Quarterly Report and is incorporated herein by reference.

ITEM 1A. RISK FACTORS

There were no material changes to our risk factors as described in our Annual Report on Form 10-K for the year ended December 31, 2017 other than the following:

The CFPB promulgated new rules applicable to our loans that could have a material adverse effect on our business and results of operations.

In January 2018, the CFPB announced that it intends to engage in a rulemaking process to reconsider the CFPB Rule pursuant to the Administrative Procedure Act ("APA"). On April 9 2018, the Community Financial Services Association of America ("CFSA") and the Consumer Service Alliance of Texas filed a lawsuit against the CFPB in the U.S. District Court for the Western District of Texas, Austin Division, seeking to invalidate the CFPB Rule. The lawsuit alleges that the rule violates the APA because it exceeds the CFPB’s statutory authority and is arbitrary, capricious and unsupported by substantial evidence. The lawsuit also argues that the CFPB’s structure is unconstitutional under the Constitution’s separation of powers because the agency’s powers are concentrated in a single, unchecked Director who is improperly insulated from both presidential supervision and congressional appropriation, and hence unaccountable to the American people. On May 31, 2018, CFSA together with CSAT and CFPB filed a joint motion to effectively stay the litigation between the parties and stay the compliance date of the CFPB Rule. On June 12, 2018, the judge granted the motion to stay the litigation but denied the motion to stay the compliance date of the CFPB Rule. On June 22, 2018, CFSA and CSAT filed a motion for reconsideration to stay the compliance date of the CFPB Rule. The court has not yet ruled on such motion for reconsideration. It is impossible to predict whether and when the CFPB Rule will go into effect and, if so, whether and how it might be modified.

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ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

None.

ITEM 5. OTHER INFORMATION

(a)    Disclosure of Unreported 8-K Information

None.

(b)    Material Changes to Director Nominee Procedures

None.

ITEM 6. EXHIBITS

Exhibit no.	Exhibit Description
3.1	Amended and Restated Certificate of Incorporation of the Registrant (previously filed as Exhibit 3.1 to the Current Report on Form 8-K filed on December 11, 2017)
3.2	Form of Amended and Restated Bylaws of the Registrant (previously filed as Exhibit 3.2 to the Current Report on Form 8-K filed on December 11, 2017)
31.1	Certifications of Chief Executive Officer of the Company under Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 *
31.2	Certifications of Chief Financial Officer of the Company under Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 *
32.1	Certifications of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. This certification accompanies this report and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed for purposes of §18 of the Securities Exchange Act of 1934, as amended **
32.2	Certifications of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. This certification accompanies this report and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed for purposes of §18 of the Securities Exchange Act of 1934, as amended **
101	The following unaudited financial information from the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2018, filed with the SEC on August 1, 2018, formatted in Extensible Business Reporting Language (“XBRL”) includes: (i) Condensed Consolidated Balance Sheets at June 30, 2018 and December 31, 2017, (ii) Condensed Consolidated Statements of Income for the quarter ended June 30, 2018 and 2017, (iii) Condensed Consolidated Statements of Comprehensive Income for the quarter ended June 30, 2018 and 2017, (iv) Condensed Consolidated Statements of Cash Flows for the quarter ended June 30, 2018 and 2017, and (v) Notes to Condensed Consolidated Financial Statements*
*	Filed herewith.
**	Furnished herewith.

63

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: August 2, 2018            CURO Group Holdings Corp.

By:	/s/ ROGER DEAN
	Roger Dean
	Executive Vice-President and Chief Financial Officer

64

EX-31.1

CERTIFICATIONS

I, Don Gayhardt, certify that:

1. I have reviewed this quarterly report on Form 10-Q of CURO Group Holdings Corp. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. (Paragraph omitted pursuant to SEC Release Nos. 33-8238/34-47986 and 33-8392/34-49313);

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 2, 2018

By:	/s/ DON GAYHARDT
	Don Gayhardt
	President, Chief Executive Officer and Director

EX-31.2

CERTIFICATIONS

I, Roger Dean, certify that:

1. I have reviewed this quarterly report on Form 10-Q of CURO Group Holdings Corp. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. (Paragraph omitted pursuant to SEC Release Nos. 33-8238/34-47986 and 33-8392/34-49313);

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 2, 2018

By:	/s/ ROGER DEAN
	Roger Dean
	Treasurer, Executive Vice President and Chief Financial Officer

EX-32

CERTIFICATION OF CEO PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Don Gayhardt, Chief Executive Officer of CURO Group Holdings Corp. (the “Company”), hereby certify pursuant to Section 1350 of chapter 63 of title 18 of the United States Code, and Section 906 of the Sarbanes-Oxley Act of 2002, that: (1) the quarterly report on Form 10-Q of the Company to which this Exhibit is attached (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and (2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ DON GAYHARDT

Don Gayhardt

Chief Executive Officer

August 2, 2018

EX-32.2

CERTIFICATION OF CFO PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Roger Dean, Chief Financial Officer of CURO Group Holdings Corp. (the “Company”), hereby certify pursuant to Section 1350 of chapter 63 of title 18 of the United States Code, and Section 906 of the Sarbanes-Oxley Act of 2002, that: (1) the quarterly report on Form 10-Q of the Company to which this Exhibit is attached (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and (2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ ROGER DEAN

Roger Dean

Chief Financial Officer

August 2, 2018

XML

DOCUMENT AND ENTITY INFORMATION - shares	6 Months Ended
	Jun. 30, 2018	Jul. 31, 2018
DOCUMENT AND ENTITY INFORMATION [Abstract]
Entity Registrant Name	CURO GROUP HOLDINGS CORP.
Entity Central Index Key	0001711291
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		45,770,551

XML

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash	$ 115,105	$ 162,374
Restricted cash (includes restricted cash of consolidated VIEs of $7,274 and $6,871 as of June 30, 2018 and December 31, 2017, respectively)	12,448	12,117
Gross loans receivable (includes loans of consolidated VIEs of $199,877 and $213,846 as of June 30, 2018 and December 31, 2017, respectively)	444,627	432,837
Less: allowance for loan losses (includes loans of consolidated VIEs of $28,545 and $46,140 as of June 30, 2018 and December 31, 2017, respectively)	(59,754)	(69,568)
Loans receivable, net	384,873	363,269
Deferred income taxes	3,697	772
Income taxes receivable	623	3,455
Prepaid expenses and other	36,297	42,512
Property and equipment, net	80,420	87,086
Goodwill	143,753	145,607
Other intangibles, net of accumulated amortization of $42,382 and $41,156 as of June 30, 2018 and December 31, 2017, respectively)	30,825	32,769
Other	12,809	9,770
Total Assets	820,850	859,731
LIABILITIES AND STOCKHOLDER’S EQUITY
Accounts payable and accrued liabilities	53,557	55,792
Deferred revenue	10,548	11,984
Income taxes payable	5,475	4,120
Accrued interest (includes accrued interest of consolidated VIEs of $1,237 and $1,266 as of June 30, 2018 and December 31, 2017, respectively)	22,175	25,467
Credit services organization guarantee liability	11,619	17,795
Deferred rent	11,481	11,577
Long-term debt (includes long-term debt and issuance costs of consolidated VIEs of $118,427 and $3,653 as of June 30, 2018 and $124,590 and $4,188 as of December 31, 2017, respectively)	626,833	706,225
Subordinated shareholder debt	2,278	2,381
Other long-term liabilities	6,589	5,768
Deferred tax liabilities	17,446	11,486
Total Liabilities	768,001	852,595
Commitments and contingencies
Stockholder's Equity
Preferred stock - $0.001 par value, 25,000,000 shares authorized; no shares were issued at either period end	0	0
Class A common stock - $0.001 par value; 225,000,000 shares authorized; 45,770,551 and 44,561,419 issued and outstanding as of June 30, 2018 and December 31, 2017, respectively)	9	8
Paid-in capital	62,573	46,079
Retained earnings	43,254	3,988
Accumulated other comprehensive loss	(52,987)	(42,939)
Total Stockholders' Equity	52,849	7,136
Total Liabilities and Stockholders' Equity	$ 820,850	$ 859,731

XML

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Restricted cash	$ 12,448	$ 12,117
Total gross loans receivable	444,627	432,837
Allowance for loan losses	59,754	69,568
Other intangibles accumulated amortization	42,382	41,156
Accrued interest	22,175	25,467
Long-term debt (excluding current maturities)	$ 626,833	$ 706,225
Preferred stock par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred shares issued (in shares)	0	0
Class A common stock, par value (in usd per share)	$ 0.001	$ 0.001
Class A common stock, authorized (in shares)	225,000,000	225,000,000
Class A common stock, issued (in shares)	45,770,551	44,561,419
Class A common stock, outstanding (in shares)	45,770,551	44,561,419
Variable Interest Entity
Restricted cash	$ 7,274	$ 6,871
Total gross loans receivable	199,877	213,846
Allowance for loan losses	28,545	46,140
Accrued interest	1,237	1,266
Long-term debt (excluding current maturities)	118,427	124,590
Issuance costs	$ 3,653	$ 4,188

XML

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Revenue	$ 248,983	$ 216,944	$ 510,741	$ 441,524
Provision for losses	91,986	65,446	173,017	127,182
Net revenue	156,997	151,498	337,724	314,342
Cost of providing services
Salaries and benefits	26,907	26,300	53,826	52,733
Occupancy	13,320	13,511	26,747	27,606
Office	6,077	4,936	13,057	9,804
Other costs of providing services	12,727	13,108	27,127	27,963
Advertising	17,554	11,641	27,310	19,329
Total cost of providing services	76,585	69,496	148,067	137,435
Gross margin	80,412	82,002	189,657	176,907
Operating expense
Corporate, district and other	38,655	36,557	79,109	69,550
Interest expense	20,465	18,484	42,814	41,850
Loss on extinguishment of debt	0	0	11,683	12,458
Total operating expense	59,120	55,041	133,606	123,858
Net income before income taxes	21,292	26,961	56,051	53,049
Provision for income taxes	5,317	10,619	16,784	20,069
Net income	$ 15,975	$ 16,342	$ 39,267	$ 32,980
Weighted average common shares outstanding:
Basic (in shares)	45,650	37,895	45,578	37,895
Diluted (in shares)	47,996	38,987	47,757	38,983
Net income per common share:
Basic earnings per share (in dollars per share)	$ 0.35	$ 0.43	$ 0.86	$ 0.87
Diluted earnings per share (in dollars per share)	$ 0.33	$ 0.42	$ 0.82	$ 0.85

XML

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 15,975	$ 16,342	$ 39,267	$ 32,980
Other comprehensive income (loss):
Cash flow hedges, net of $0 tax in all periods	(439)	375	(385)	333
Foreign currency translation adjustment, net of $0 tax in all periods	(6,752)	6,961	(9,663)	9,751
Other comprehensive income (loss)	(7,191)	7,336	(10,048)	10,084
Comprehensive income	$ 8,784	$ 23,678	$ 29,219	$ 43,064

XML

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Cash flow hedges, tax effect	$ 0	$ 0	$ 0	$ 0
Foreign currency translation adjustment, tax effect	$ 0	$ 0	$ 0	$ 0

XML

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities
Net income	$ 39,267	$ 32,980
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,259	9,330
Provision for losses	173,017	127,182
Amortization of debt issuance costs	2,493	1,702
Amortization of bond discount/(premium)	(376)	424
Deferred income tax benefit	3,199	(653)
Loss on disposal of property and equipment	517	244
Loss on extinguishment of debt	11,683	12,458
Call premium payment from debt extinguishment	(9,300)	0
Increase in cash surrender value of life insurance	(2,223)	(679)
Share-based compensation expense	4,023	219
Changes in operating assets and liabilities:
Loans receivable	(206,147)	(150,450)
Prepaid expenses and other assets	6,092	2,974
Accounts payable and accrued liabilities	(2,292)	(6,146)
Deferred revenue	(1,215)	(698)
Income taxes payable	26,727	3,780
Income taxes receivable	(18,436)	3,200
Deferred rent	(31)	31
Accrued Interest	(3,284)	0
Other liabilities	922	13,876
Net cash provided by operating activities	33,895	49,774
Cash flows from investing activities
Purchase of property, equipment and software	(3,055)	(6,828)
Cash paid for Cognical Holdings preferred shares	(958)	(4,975)
Changes in restricted cash	(411)	(4,437)
Net cash used in investing activities	(4,424)	(16,240)
Cash flows from financing activities
Net proceeds from issuance of common stock	12,431	0
Proceeds from exercise of stock options	39	0
Proceeds from credit facilities	18,798
Payments on credit facilities	(18,798)
Proceeds from issuance of 12.00% Senior Secured Notes	0	461,329
Payments on Senior Secured Notes	(77,500)
Payments on 12.00% Senior Cash Pay Notes	0	(125,000)
Debt issuance costs paid	(168)	(14,002)
Dividends paid to stockholders	0	(28,000)
Net cash used in financing activities	(71,361)	(115,719)
Effect of exchange rate changes on cash	(5,379)	2,440
Net decrease in cash	(47,269)	(79,745)
Cash at beginning of period	162,374	193,525
Cash at end of period	115,105	113,780
10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes	0	(426,034)
12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		461,329
Payments on Senior Secured Notes	(77,500)	0
Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities	13,000	41,130
Payments on credit facilities	(19,163)	(25,142)
Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities	18,798	0
Payments on credit facilities	$ (18,798)	$ 0

XML

CONDENSED CONSOLIDATED STATEMENTS OF CASHFLOWS (Parenthetical)	Jun. 30, 2018
10.75% Senior Secured Notes
Stated interest rate (as percent)	10.75%
Senior Notes | 12% Senior Secured Notes
Stated interest rate (as percent)	12.00%
Senior Notes | 10.75% Senior Secured Notes
Stated interest rate (as percent)	10.75%
Senior Notes | 12% Senior Cash Pay Notes
Stated interest rate (as percent)	12.00%

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

6 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

Basis of Presentation

The terms “CURO," "we,” “our,” “us,” and the “Company,” refer to CURO Group Holdings Corp. and its directly and indirectly owned subsidiaries as a combined entity, except where otherwise stated. The term "CFTC" refers to CURO Financial Technologies Corp., a subsidiary of CURO, and its directly and indirectly owned subsidiaries as a consolidated entity, except where otherwise stated.

We have prepared the accompanying unaudited Condensed Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and with the accounting policies described in our 2017 Annual Report on Form 10-K. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with US GAAP have been condensed or omitted, although we believe that the disclosures are adequate to enable a reasonable understanding of the information presented.

The unaudited Condensed Consolidated Financial Statements and the accompanying notes reflect all adjustments, which are, in the opinion of management, necessary to present fairly our results of operations, financial position and cash flows for the periods presented. The adjustments consist solely of normal recurring adjustments. You should read the Condensed Consolidated Financial Statements in conjunction with the Consolidated Financial Statements and related Notes included in our 2017 Annual Report on Form 10-K. Interim results of operations are not necessarily indicative of results that may be expected for future interim periods or for the year ending December 31, 2018.

We completed our initial public offering ("IPO") in December 2017. Prior to our IPO we effected a 36-for-1 split of our common stock. We have retroactively adjusted all share and per share data for all periods presented to reflect the stock split as if the stock split had occurred at the beginning of the earliest period presented.

We qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"). As an emerging growth company, we have elected to take advantage of specified reduced reporting and other requirements that are otherwise generally required of public companies.

Principles of Consolidation

The Condensed Consolidated Financial Statements include the accounts of CURO and its wholly-owned subsidiaries. We have eliminated intercompany transactions and balances in consolidation.

Use of Estimates

The preparation of Condensed Consolidated Financial Statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenues and expenses during the periods reported. Some of the significant estimates that we have made in the accompanying Condensed Consolidated Financial Statements include allowances for loan losses, certain assumptions related to goodwill and intangibles, accruals related to self-insurance, Credit Services Organization ("CSO") guarantee liability and estimated tax liabilities. Actual results may differ from those estimates.

Nature of Operations

We are a growth-oriented, technology-enabled, highly-diversified consumer finance company serving a wide range of underbanked consumers in the United States ("U.S."), Canada, and the United Kingdom ("U.K.").

Recently Adopted Accounting Pronouncements

In May 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09"). Under modification accounting, an entity is required to re-value its equity awards each time there is a modification to the terms of the awards. The provisions in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to account for the effects of a modification, unless certain conditions are met. The amendments in this update were effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. ASU 2017-09 was effective for us as of January 1, 2018. The adoption of this amendment did not have a material impact on our Consolidated Financial Statements.

Recently Issued Accounting Pronouncements Not Yet Adopted

In February 2018, FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive income ("ASU 2018-02"). Current US GAAP requires deferred tax liabilities and assets to be adjusted for the effect of a change in tax laws or rates with the effect included in income from continuing operations in the period the change is enacted, including items of other comprehensive income for which the related tax effects are presented in other comprehensive income (“stranded tax effects”). ASU 2018-02 allows, but does not require, companies to reclassify stranded tax effects caused by the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") from accumulated other comprehensive income to retained earnings. Additionally, ASU 2018-02 requires new disclosures by all companies, whether they opt to do the reclassification or not. The provisions of ASU 2018-02 are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Companies should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the 2017 Tax Act is recognized. We are currently assessing the impact adoption of ASU 2018-02 will have on our Consolidated Financial Statements.

In September 2017, FASB issued ASU 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments ("ASU 2017-13"). ASU 2017-13 amends the early adoption date option for public entities related to the adoption of ASU No. 2014-09 and ASU No. 2016-02. We are currently assessing the impact adoption of Topic 606 and Topic 842 will have on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplified the goodwill impairment test by eliminating Step 2 of the test which requires an entity to compute the implied fair value of goodwill. Instead, an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, and is limited to the amount of total goodwill allocated to that reporting unit. Under ASU 2017-04, 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 provisions of ASU 2017-04 are effective for a public entity's annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019 and effective for us, as an emerging growth company, in fiscal years beginning after December 15, 2021. We are currently assessing the impact adoption of ASU 2017-04 will have on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the definition of a Business ("ASU 2017-01"). ASU 2017-01 narrows the definition of a business and provides a framework that gives an entity a basis for making reasonable judgments about whether a transaction involves an asset or a business and provides a screen to determine when a set (an integrated set of assets and activities) is not a business. The screen requires a determination that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If the screen is not met, ASU 2017-01 (i) requires that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (ii) remove the evaluation of whether a market participant could replace missing elements. The amendments provide a framework to assist entities in evaluating whether both an input and a substantive process are present. ASU 2017-01 is effective prospectively for public companies for annual periods beginning after December 15, 2017 including interim periods therein, and it will be effective for us, as an emerging growth company, for annual periods beginning after December 15, 2018 and interim periods beginning after December 15, 2019. We are currently assessing the impact adoption of ASU 2017-01 will have on our Consolidated Financial Statements.

In November 2016, FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash ("ASU 2016-18"). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for public companies for fiscal years beginning after December 15, 2017 and interim periods therein, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods beginning after December 15, 2019. The amendments should be applied using a retrospective transition method to each period presented. We are currently assessing the impact adoption of ASU 2016-18 will have on our Consolidated Financial Statements.

In August 2016, FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) (“ASU 2016-15”). The amendments in ASU 2016-15 provide guidance on eight specific cash flow issues, including debt prepayment or debt extinguishment costs, contingent consideration payments made after a business combination, distributions received from equity method investees and beneficial interests in securitization transactions. ASU 2016-15 is currently effective for public companies, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. We are currently assessing the potential impact ASU 2016-15 will have on our Consolidated Statements of Cash Flows.

In June 2016, FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” ("ASU 2016-13"). This ASU modifies the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. ASU 2016-13 will be effective for public companies for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2020 and interim periods within fiscal years beginning after December 15, 2021. We anticipate that ASU 2016-13 will impact our current process for measuring credit losses and are currently assessing the impact it will have on our Consolidated Financial Statements.

In February 2016, FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payment arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged and lessees will no longer be provided with a source of off-balance sheet financing. ASU 2016-02 will be effective for public companies for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. We expect ASU 2016-02 will have an impact on our balance sheet with recognition of right-of-use assets which were previously operating leases. We are currently assessing the full impact ASU 2016-02 will have on our Consolidated Financial Statements and expect an estimate of impact in the second half of 2018.

In January 2016, FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”) which requires (i) equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, (ii) public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). ASU 2016-01 eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is currently effective for public companies, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. We are currently assessing the impact this ASU will have on our Consolidated Financial Statements.

In November 2015, FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-07 eliminates the requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. ASU 2015-17 is currently effective for public companies, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2017 and interim periods within fiscal years beginning after December 15, 2018. We do not expect that adoption of this amendment will have a material impact on our Consolidated Financial Statements.

In August 2015, FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) (“ASU 2015-14”), which deferred the effect date of ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), for public companies to fiscal years beginning after December 15, 2017 and interim periods within those fiscal years, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. If we are no longer an emerging growth company as of December 31, 2018, we must adopt the provision of this standard retroactively as of January 1, 2018. In May 2014, FASB issued ASU 2014-09 which amended the existing accounting standards for revenue recognition. ASU 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. We do not expect that adoption of ASU 2014-09 will have a material impact on our Consolidated Financial Statements.

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VARIABLE INTEREST ENTITIES

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES

We hold a credit facility whereby we sell certain loan receivables to wholly-owned, bankruptcy-remote special purpose subsidiaries ("VIEs") and we incur additional debt through the Non-Recourse U.S. SPV facility (See Note 5 - Long-Term Debt for further discussion) that is collateralized by these underlying loan receivables.

We have determined that we are the primary beneficiary of the VIEs and are required to consolidate them. We include the assets and liabilities related to the VIEs in our Consolidated Financial Statements and we account for them as secured borrowings. We parenthetically disclose on our Consolidated Balance Sheets the VIEs’ assets that can only be used to settle the VIEs' obligations and liabilities if the VIEs’ creditors have no recourse against our general credit.

The carrying amounts of consolidated VIEs' assets and liabilities associated with our special purpose subsidiaries were as follows:

(in thousands)	June 30, 2018		December 31, 2017
Assets
Restricted Cash	$	7,274	$	6,871
Loans receivable less allowance for loan losses	171,332		167,706
Total Assets	$	178,606	$	174,577
Liabilities
Accounts payable and accrued liabilities	$	14	$	12
Accrued interest	1,237		1,266
Long-term debt	114,774		120,402
Total Liabilities	$	116,025	$	121,680

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LOANS RECEIVABLE AND REVENUE

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

LOANS RECEIVABLE AND REVENUE

LOANS RECEIVABLE AND REVENUE

The following table summarizes revenue by product for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2018		2017		2018		2017
Unsecured Installment	$	123,473	$	105,149	$	256,419	$	214,580
Secured Installment	25,777		23,173		52,633		46,842
Open-End	27,222		15,805		54,445		33,712
Single-Pay	61,602		63,241		125,307		127,031
Ancillary	10,909		9,576		21,937		19,359
Total revenue	$	248,983	$	216,944	$	510,741	$	441,524

The following tables summarize Loans receivable by product and the related delinquent loans receivable at June 30, 2018:

	June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	89,574		$	139,142		$	69,788		$	91,034		$	389,538
Delinquent loans receivable	—			40,272			14,817			—			55,089
Total loans receivable	89,574			179,414			84,605			91,034			444,627
Less: allowance for losses	(4,372		)	(35,279		)	(10,386		)	(9,717		)	(59,754		)
Loans receivable, net	$	85,202		$	144,135		$	74,219		$	81,317		$	384,873

	June 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	17,052	$	7,551	$	24,603
31-60 days past due	11,886		3,892		15,778
61-90 days past due	11,334		3,374		14,708
Total delinquent loans receivable	$	40,272	$	14,817	$	55,089

The following tables summarize Loans receivable by product and the related delinquent loans receivable at December 31, 2017:

	December 31, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	99,400		$	151,343		$	73,165		$	47,949		$	371,857
Delinquent loans receivable	—			44,963			16,017			—			60,980
Total loans receivable	99,400			196,306			89,182			47,949			432,837
Less: allowance for losses	(5,916		)	(43,754		)	(13,472		)	(6,426		)	(69,568		)
Loans receivable, net	$	93,484		$	152,552		$	75,710		$	41,523		$	363,269

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	18,358	$	8,116	$	26,474
31-60 days past due	12,836		3,628		16,464
61-90 days past due	13,769		4,273		18,042
Total delinquent loans receivable	$	44,963	$	16,017	$	60,980

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at June 30, 2018:

	June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	56,055		$	2,379		$	58,434
Delinquent loans receivable guaranteed by the Company	10,318			428			10,746
Total loans receivable guaranteed by the Company	66,373			2,807			69,180
Less: CSO guarantee liability	(11,193		)	(426		)	(11,619		)
Loans receivable guaranteed by the Company, net	$	55,180		$	2,381		$	57,561

	June 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	8,835	$	362	$	9,197
31-60 days past due	1,043		39		1,082
61-90 days past due	440		27		467
Total delinquent loans receivable	$	10,318	$	428	$	10,746

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at December 31, 2017:    

	December 31, 2017
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	62,676		$	3,098		$	65,774
Delinquent loans receivable guaranteed by the Company	12,480			537			13,017
Total loans receivable guaranteed by the Company	75,156			3,635			78,791
Less: CSO guarantee liability	(17,073		)	(722		)	(17,795		)
Loans receivable guaranteed by the Company, net	$	58,083		$	2,913		$	60,996

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	10,477	$	459	$	10,936
31-60 days past due	1,364		41		1,405
61-90 days past due	639		37		676
Total delinquent loans receivable	$	12,480	$	537	$	13,017

The following table summarizes activity in the allowance for loan losses during the three months ended June 30, 2018:

	Three Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,485		$	37,916		$	11,639		$	6,846		$	—		$	60,886
Charge-offs	(44,817		)	(36,102		)	(11,082		)	(23,807		)	(593		)	(116,401		)
Recoveries	30,274			6,368			2,296			11,883			40			50,861
Net charge-offs	(14,543		)	(29,734		)	(8,786		)	(11,924		)	(553		)	(65,540		)
Provision for losses	14,527			27,434			7,533			14,848			553			64,895
Effect of foreign currency translation	(97		)	(337		)	—			(53		)	—			(487		)
Balance, end of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Allowance for loan losses as a percentage of gross loan receivables	4.9		%	19.7		%	12.3		%	10.7		%	N/A			13.4		%

The following table summarizes activity in the CSO guarantee liability during the three months ended June 30, 2018:

	Three Months Ended June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	9,886		$	526		$	10,412
Charge-offs	(33,017		)	(993		)	(34,010		)
Recoveries	7,350			776			8,126
Net charge-offs	(25,667		)	(217		)	(25,884		)
Provision for losses	26,974			117			27,091
Balance, end of period	$	11,193		$	426		$	11,619

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended June 30, 2018:

	Three Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,485		$	47,802		$	12,165		$	6,846		$	—		$	71,298
Charge-offs	(44,817		)	(69,119		)	(12,075		)	(23,807		)	(593		)	(150,411		)
Recoveries	30,274			13,718			3,072			11,883			40			58,987
Net charge-offs	(14,543		)	(55,401		)	(9,003		)	(11,924		)	(553		)	(91,424		)
Provision for losses	14,527			54,408			7,650			14,848			553			91,986
Effect of foreign currency translation	(97		)	(337		)	—			(53		)	—			(487		)
Balance, end of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373

The following table summarizes activity in the allowance for loan losses during the three months ended June 30, 2017:

	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,719		$	42,040		$	20,270		$	4,572		$	—		$	71,601
Charge-offs	(44,020		)	(24,574		)	(6,941		)	(8,447		)	(1,261		)	(85,243		)
Recoveries	30,190			5,716			1,787			4,104			777			42,574
Net charge-offs	(13,830		)	(18,858		)	(5,154		)	(4,343		)	(484		)	(42,669		)
Provision for losses	14,284			17,845			4,081			4,298			484			40,992
Effect of foreign currency translation	140			379			(1		)	(4		)	—			514
Balance, end of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Allowance for loan losses as a percentage of gross loan receivables	5.8		%	26.5		%	25.2		%	16.9		%	N/A			20.1		%

The following table summarizes activity in the CSO guarantee liability during the three months ended June 30, 2017:

	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	14		$	18,482		$	1,287		$	19,783
Charge-offs	(373		)	(33,166		)	(2,141		)	(35,680		)
Recoveries	354			5,857			814			7,025
Net charge-offs	(19		)	(27,309		)	(1,327		)	(28,655		)
Provision for losses	5			23,575			874			24,454
Balance, end of period	$	—		$	14,748		$	834		$	15,582

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended June 30, 2017:

	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,733		$	60,522		$	21,557		$	4,572		$	—		$	91,384
Charge-offs	(44,393		)	(57,740		)	(9,082		)	(8,447		)	(1,261		)	(120,923		)
Recoveries	30,544			11,573			2,601			4,104			777			49,599
Net charge-offs	(13,849		)	(46,167		)	(6,481		)	(4,343		)	(484		)	(71,324		)
Provision for losses	14,289			41,420			4,955			4,298			484			65,446
Effect of foreign currency translation	140			379			(1		)	(4		)	—			514
Balance, end of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020

The following table summarizes activity in the allowance for loan losses during the six months ended June 30, 2018:

	Six Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	43,754		$	13,472		$	6,426		$	—		$	69,568
Charge-offs	(92,524		)	(75,479		)	(22,567		)	(44,156		)	(1,268		)	(235,994		)
Recoveries	65,283			12,335			5,162			21,260			87			104,127
Net charge-offs	(27,241		)	(63,144		)	(17,405		)	(22,896		)	(1,181		)	(131,867		)
Provision for losses	25,829			54,911			14,319			26,276			1,181			122,516
Effect of foreign currency translation	(132		)	(242		)	—			(89		)	—			(463		)
Balance, end of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Allowance for loan losses as a percentage of gross loan receivables	4.9		%	19.7		%	12.3		%	10.7		%	N/A			13.4		%

The following table summarizes activity in the CSO guarantee liability during the six months ended June 30, 2018:

	Six Months Ended June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	17,073		$	722		$	17,795
Charge-offs	(74,736		)	(2,212		)	(76,948		)
Recoveries	18,326			1,945			20,271
Net charge-offs	(56,410		)	(267		)	(56,677		)
Provision for losses	50,530			(29		)	50,501
Balance, end of period	$	11,193		$	426		$	11,619

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the six months ended June 30, 2018:

	Six Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	60,827		$	14,194		$	6,426		$	—		$	87,363
Charge-offs	(92,524		)	(150,215		)	(24,779		)	(44,156		)	(1,268		)	(312,942		)
Recoveries	65,283			30,661			7,107			21,260			87			124,398
Net charge-offs	(27,241		)	(119,554		)	(17,672		)	(22,896		)	(1,181		)	(188,544		)
Provision for losses	25,829			105,441			14,290			26,276			1,181			173,017
Effect of foreign currency translation	(132		)	(242		)	—			(89		)	—			(463		)
Balance, end of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373

The following table summarizes activity in the allowance for loan losses during the six months ended June 30, 2017:

	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,501		$	17,775		$	10,737		$	5,179		$	—		$	39,192
Charge-offs	(88,905		)	(24,574		)	(6,941		)	(17,676		)	(2,400		)	(140,496		)
Recoveries	63,341			10,634			4,815			9,457			1,529			89,776
Net charge-offs	(25,564		)	(13,940		)	(2,126		)	(8,219		)	(871		)	(50,720		)
Provision for losses	25,178			37,154			10,585			7,563			871			81,351
Effect of foreign currency translation	198			417			—			—			—			615
Balance, end of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Allowance for loan losses as a percentage of gross loan receivables	5.8		%	26.5		%	25.2		%	16.9		%	N/A			20.1		%

The following table summarizes activity in the CSO guarantee liability during the six months ended June 30, 2017:

	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	274		$	15,630		$	1,148		$	17,052
Charge-offs	(1,886		)	(61,122		)	(5,303		)	(68,311		)
Recoveries	1,102			16,725			3,183			21,010
Net charge-offs	(784		)	(44,397		)	(2,120		)	(47,301		)
Provision for losses	510			43,515			1,806			45,831
Balance, end of period	$	—		$	14,748		$	834		$	15,582

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the six months ended June 30, 2017:

	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,775		$	33,405		$	11,885		$	5,179		$	—		$	56,244
Charge-offs	(90,791		)	(85,696		)	(12,244		)	(17,676		)	(2,400		)	(208,807		)
Recoveries	64,443			27,359			7,998			9,457			1,529			110,786
Net charge-offs	(26,348		)	(58,337		)	(4,246		)	(8,219		)	(871		)	(98,021		)
Provision for losses	25,688			80,669			12,391			7,563			871			127,182
Effect of foreign currency translation	198			417			—			—			—			615
Balance, end of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020

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CREDIT SERVICES ORGANIZATION

6 Months Ended

Jun. 30, 2018

Guarantees [Abstract]

CREDIT SERVICES ORGANIZATION

CREDIT SERVICES ORGANIZATION

The CSO fee receivable amounts under our CSO programs were $11.4 million and $14.5 million at June 30, 2018 and December 31, 2017, respectively. As noted, we bear the risk of loss through our guarantee to purchase any defaulted customer loans from the lenders. The terms of these loans range from three to 18 months. As of June 30, 2018 and December 31, 2017, the maximum amount payable under all such guarantees was $58.7 million and $65.2 million, respectively. Our guarantee liability was $11.6 million and $17.8 million at June 30, 2018 and December 31, 2017, respectively.

We have placed $15.2 million and $17.9 million in collateral accounts for the lenders at June 30, 2018 and December 31, 2017, respectively, which is reflected in "Prepaid expenses and other" in the Condensed Consolidated Balance Sheets. The balances required to be maintained in these collateral accounts vary based upon lender but are typically based on a percentage of the outstanding loan balances held by the lender. The percentage of outstanding loan balances required for collateral is defined within the terms agreed to between us and each such lender.

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LONG-TERM DEBT

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

LONG-TERM DEBT

LONG-TERM DEBT

Long-term debt consisted of the following:

(in thousands)	June 30, 2018		December 31, 2017
2017 Senior Secured Notes (due 2022)	$	512,136	$	585,823
Non-Recourse U.S. SPV Facility	114,697		120,402
Senior Revolver	—		—
Cash Money Revolving Credit Facility	—		—
Long-term debt	$	626,833	$	706,225

Senior Secured Notes

In February and November 2017, CFTC issued $470.0 million and $135.0 million, respectively, of 12.00% Senior Secured Notes due March 1, 2022 ("Senior Secured Notes"). The February issuance refinanced similar notes that were nearing maturity, and the extinguishment of the existing notes resulted in a pretax loss of $12.5 million during the six months ended June 30, 2017. In connection with these Senior Secured Notes we capitalized financing costs of approximately $18.3 million, the balance of which is included in the Condensed Consolidated Balance Sheets as a component of Long-term debt and is being amortized over the term of the Senior Secured Notes and included as a component of interest expense.

On February 5, 2018 CFTC issued a notice of redemption for $77.5 million of its Senior Secured Notes (the transaction whereby the Senior Secured Notes were partially redeemed, the “Redemption”). The Redemption occurred on March 7, 2018 at a price equal to 112.00% of the principal amount of the Senior Secured Notes redeemed, plus accrued and unpaid interest paid thereon, to the date of Redemption. The Redemption price and the amortization of a corresponding portion of the capitalized financing costs resulted in a loss on Redemption of $11.7 million. Following the Redemption, $527.5 million of the original outstanding principal amount of the Senior Secured Notes remain outstanding. CFTC conducted the Redemption pursuant to the Indenture governing the Senior Secured Notes (the “Indenture”), dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent. Consistent with the terms of the Indenture, CFTC used a portion of the cash proceeds from our IPO to redeem such Senior Secured Notes.

Subject to the provisions of its Senior Secured Notes, CFTC is required to make an offer to purchase the maximum principal amount of Senior Secured Notes that may be redeemed with 50% of its Excess Cash Flow (as defined in the agreement) within 125 days after the end of each fiscal year commencing with the fiscal year ended December 31, 2017. CFTC is not required to make an offer unless its Excess Cash Flow exceeds $5.0 million (with lesser amounts being carried forward for purposes of determining whether the $5.0 million threshold has been met for any future period).  Upon completion of each Excess Cash Flow offer, the Excess Cash Flow amount is reset at zero.

On April 5, 2018, CFTC initiated an offer to purchase up to $37.7 million of its Senior Secured Notes at par, which represented 50% of its Excess Cash Flow for the fiscal year ended December 31, 2017. The offer expired on May 2, 2018 and did not result in the tender of any Senior Secured Notes.  According to the terms of the Indenture, the Excess Cash Flow amount has been reset at zero.

As of June 30, 2018, CFTC was in full compliance with the covenants and other provisions of the Senior Secured Notes.

Non-Recourse U.S. SPV Facility

In November 2016, CURO Receivables Finance I, LLC, a Delaware limited liability company (the “SPV Borrower”) and a wholly-owned subsidiary, entered into a five-year revolving credit facility with Victory Park Management, LLC and certain other lenders that provides an $80.0 million term loan and $70.0 million revolving borrowing capacity that can expand over time (“Non-Recourse U.S. SPV Facility”). As of June 30, 2018, the SPV Borrower was in full compliance with the covenants and other provisions of the Non-Recourse U.S. SPV Facility.

Senior Revolver

In September 2017, CFTC and CURO Intermediate Holdings Corp. entered into a $25.0 million Senior Secured Revolving Loan Facility with BayCoast Bank (the “Senior Revolver”). The terms of the Senior Revolver generally conform to the related provisions in the Indenture dated February 15, 2017 for our Senior Secured Notes and complements our other financing sources, while providing seasonal short-term liquidity. In February 2018, the Senior Revolver capacity was increased to $29.0 million as permitted by the Indenture to the Senior Secured Notes based upon consolidated tangible assets. The Senior Revolver is now syndicated with participation by a second bank.

There is $29.0 million maximum availability under the Senior Revolver, including up to $5.0 million of standby letters of credit, for a one-year term, renewable for successive terms following annual review. The Senior Revolver was undrawn at June 30, 2018 and December 31, 2017. As of June 30, 2018, CFTC and CURO Intermediate Holdings Corp. were in full compliance with the covenants and other provisions of the Senior Revolver.

Cash Money Revolving Credit Facility

Cash Money Cheque Cashing, Inc., one of our Canadian subsidiaries, maintains a C$7.3 million revolving credit facility with Royal Bank of Canada (the "Cash Money Revolving Credit Facility"), which provides short-term liquidity required to meet the working capital needs of our Canadian operations. Aggregate draws under this facility are limited to the lesser of: (i) the borrowing base, which is defined as a percentage of cash, deposits in transit and accounts receivable, and (ii) C$7.3 million. As of December 31, 2017, the borrowing capacity under our revolving credit facility was reduced by C$0.3 million in stand-by-letters of credit.

The Cash Money Revolving Credit Facility is collateralized by substantially all of Cash Money’s assets and contains various covenants that include, among other things, that the aggregate borrowings outstanding under the facility not exceed the borrowing base, restrictions on the encumbrance of assets and the creation of indebtedness. Borrowings under the Cash Money Revolving Credit Facility bear interest (per annum) at the prime rate of a Canadian chartered bank plus 1.95%. The Cash Money Revolving Credit Facility was undrawn at June 30, 2018 and December 31, 2017.

In July 2018 the Cash Money Revolving Credit Facility capacity was increased from C$7.3 million to C$10.0 million.

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SHARE-BASED COMPENSATION

6 Months Ended

Jun. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

On November 8, 2017, our stockholders approved a new incentive plan (“2017 Incentive Plan”). The 2017 Incentive Plan provides for the issuance of up to 5.0 million shares, subject to certain adjustment provisions, for the granting of stock options, restricted stock awards, restricted stock units (“RSUs”), stock appreciation rights, performance awards and other awards that may be settled in or based upon our common stock. Awards may be granted to certain of our officers, employees, consultants and directors. The 2017 Incentive Plan provides that shares of common stock subject to awards granted become available for issuance if such awards expire, terminate, are canceled for any reason, or are forfeited by the recipient.

RSUs are typically valued at the date of grant based on the value of our common stock and are expensed using the straight-line method over the service period. Grants of RSUs do not confer full stockholder rights such as voting rights and cash dividends, but provide for additional dividend equivalent RSU awards in lieu of cash dividends. Unvested shares of restricted stock units may be forfeited upon termination of employment depending on the circumstances of the termination, or failure to achieve the required performance condition, if applicable.

A summary of the status of restricted stock units as of June 30, 2018 and changes during the six months ended June 30, 2018 is presented in the following table:

	Units		Weighted Average Grant Date Fair Value
December 31, 2017	1,516,241		$	14.00
Granted	90,372		17.46
Vested	(49,994	)	14.20
Forfeited	—		—
June 30, 2018	1,556,619		$	14.19

Share-based compensation expense during the three months ended June 30, 2018 and 2017, which includes compensation costs from stock options and RSUs, was $2.2 million and $0.1 million, respectively, and during the six months ended June 30, 2018 and 2017 was $4.0 million and $0.2 million, respectively, and is included in the Condensed Consolidated Statements of Income as a component of "Corporate, district and other" expense. The increased expense during the six months ended June 30, 2018 is primarily due to grants of RSUs in December 2017, as further disclosed in our 2017 Annual Report on Form 10-K.

As of June 30, 2018, there was $18.4 million of unrecognized compensation cost related to share-based awards, which we will recognize over a weighted-average period of 2.4 years.

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INCOME TAXES

6 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

Our effective tax rate was 25.0% and 39.4% during the three months ended June 30, 2018 and 2017, respectively. Our effective tax rate was 29.9% and 37.8% during the six months ended June 30, 2018 and 2017, respectively.

On December 22, 2017, the 2017 Tax Act became law, which enacted various changes to the U.S. corporate tax law. Some of the most significant provisions affecting us include a reduced U.S. corporate income tax rate from 35% to 21% effective in 2018, a one-time “deemed repatriation” tax on unremitted earnings accumulated in non-U.S. jurisdictions and reported on the 2017 corporate income tax return, and a 2018 and forward minimum tax on global intangible low-taxed income ("GILTI"). At 2017 year-end, we recorded an estimated provisional deemed repatriation tax of $8.1 million. Subsequently, the IRS issued additional guidance regarding the calculation of the deemed repatriation tax and we recorded an additional accrual of $1.2 million during the period ended March 31, 2018, increasing the effective tax rate by 2.1% for the six months ended June 30, 2018. In 2018, we recorded an estimated GILTI tax of $0.6 million increasing the effective tax rate by 1.1% for the six months ended June 30, 2018. Additionally, we have not recorded a tax benefit for losses in the UK resulting in an increase of 2.4% and 2.5% to the effective tax rate during the six months ended June 30, 2018 and 2017, respectively.

As of June 30, 2018, we estimated and provided U.S. net tax of $9.9 million on our cumulative undistributed non-U.S. earnings as part of the 2017 repatriation tax provision and the 2018 GILTI tax in the 2017 Tax Act.  We intend to reinvest our foreign earnings indefinitely in our non-U.S. operations and therefore have not provided for any non-U.S. withholding tax that would be assessed on dividend distributions.  If the earnings of $165.8 million were distributed to the U.S., we would be subject to estimated Canadian withholding taxes of approximately $8.3 million. In the event the earnings were distributed to the U.S., we would adjust our income tax provision for the period and would determine the amount of foreign tax credit that would be available.

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FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. We are required to use valuation techniques that are consistent with the market approach, income approach, and/or cost approach. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability based on market data obtained from independent sources, or unobservable, meaning those that reflect our own estimate about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. Accounting standards establish a three-level fair value hierarchy based upon the assumptions (inputs) used to price assets or liabilities. The hierarchy requires us to maximize the use of observable inputs and minimize the use of unobservable inputs.

The three levels of inputs used to measure fair value are listed below.

Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities.

Level 2 – Inputs include quoted market prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 – Unobservable inputs reflecting our own judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. We develop these inputs based on the best information available, including our own data.

Financial Assets and Liabilities Not Measured at Fair Value

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at June 30, 2018.

			Estimated Fair Value
(dollars in thousands)	Carrying Value June 30, 2018		Level 1		Level 2		Level 3		June 30, 2018
Financial assets:
Cash	$	115,105	$	115,105	$	—	$	—	$	115,105
Restricted cash	12,448		12,448		—		—		12,448
Loans receivable, net	384,873		—		—		384,873		384,873
Investment in Cognical	6,600		—		—		6,600		6,600
Financial liabilities:
Credit services organization guarantee liability	$	11,619	$	—	$	—	$	11,619	$	11,619
Senior secured notes	512,136		—		—		553,308		553,308
Non-Recourse U.S. SPV facility	114,697		—		—		118,427		118,427

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at December 31, 2017.

			Estimated Fair Value
(dollars in thousands)	Carrying Value December 31, 2017		Level 1		Level 2		Level 3		December 31, 2017
Financial assets:
Cash	$	162,374	$	162,374	$	—	$	—	$	162,374
Restricted cash	12,117		12,117		—		—		12,117
Loans receivable, net	363,269		—		—		363,269		363,269
Investment in Cognical	5,600		—		—		5,600		5,600
Financial liabilities:
Credit services organization guarantee liability	17,795		—		—		17,795		17,795
2017 Senior Secured notes	585,823		—		—		663,475		663,475
Non-Recourse U.S. SPV facility	120,402		—		—		124,590		124,590

Loans receivable are carried on the Condensed Consolidated Balance Sheets net of the allowance for estimated loan losses, which we calculate primarily based upon models that back-test subsequent collections history for each type of loan product. The unobservable inputs used to calculate the carrying value include additional quantitative factors, such as current default trends and changes to the portfolio mix are also considered in evaluating the accuracy of the models, as well as additional qualitative factors such as the impact of new loan products, changes to underwriting criteria or lending policies, new store development or entrance into new markets, changes in jurisdictional regulations or laws, recent credit trends and general economic conditions. Loans have terms ranging up to 60 months. The carrying value of loans receivable approximates the fair value.

In connection with our CSO programs, we guarantee consumer loan payment obligations to unrelated third-party lenders for loans that we arrange for consumers on the third-party lenders’ behalf. We are required to purchase from the lender defaulted loans we have guaranteed. The estimated fair value of the guarantee liability related to CSO loans we have guaranteed was $11.6 million and $17.8 million as of June 30, 2018 and December 31, 2017, respectively. We record the initial measurement of this guarantee liability at fair value using Level 3 inputs with subsequent measurement of the liability measured as a contingent loss. The unobservable inputs used to calculate fair value include the nature of the loan products, the creditworthiness of the borrowers in the customer base, our historical loan default history for similar loans, industry loan default history, historical collection rates on similar products, current default trends, past-due account roll rates, changes to underwriting criteria or lending policies, new store development or entrance into new markets, changes in jurisdictional regulations or laws, recent credit trends and general economic conditions.

The fair value of our Senior Secured Notes was based on broker quotations. The fair value of the Non-Recourse U.S. SPV facility was based on the cash needed for final settlement.

Derivative Financial Instrument

We seek to minimize risks from foreign currency rate fluctuations on anticipated transactions in the ordinary course of business through the use of cash flow hedges. During the six months ended June 30, 2018, we entered into a series of cash flow hedges in which the hedging instruments were forwards to purchase £7.9 million. These contracts will complete in the three months ended September 30, 2018.

We performed an assessment that determined all critical terms of the hedging instrument and the hedged transaction match and, as such, have qualitatively concluded that changes in the hedge instrument’s intrinsic value will completely offset the change in the expected cash flows based on changes in the spot rate. Since the effectiveness of this hedge is assessed based on changes in the hedge instrument’s intrinsic value, the change in the time value of the contract would be excluded from the assessment of hedge effectiveness. We recorded changes in the hedge instrument’s intrinsic value, to the extent that they were effective as a hedge, in "Other comprehensive income." As of June 30, 2018 we have recorded an unrealized loss of $0.4 million in "Other comprehensive income" associated with this hedge.

Foreign Currency Forward Contract

On June 29, 2018, we entered into a forward contract that is not designated to receive hedge accounting treatment. The purpose of this forward contract is to reduce income statement volatility resulting from our foreign currency denominated assets and liabilities in Canada and to protect the cash required to settle those items. The forward contract is recorded at fair value on the balance sheet with changes in the fair value being recorded in the income statement. As of June 30, 2018, the forward contract did not have a fair value and did not impact the Condensed Consolidated Financial Statements.

Purchase of Cognical Holdings Inc. Preferred Shares

During the three months ended March 31, 2018, we purchased 560,872 additional preferred shares of Cognical Holdings, Inc. ("Cognical") for $1.0 million. As a result of this transaction, along with share purchases during 2017, we currently own 10.4% of the equity of Cognical. We record these purchases in "Other assets" on our Consolidated Balance Sheets.

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STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2018

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

In connection with our IPO in December 2017, the underwriters had a 30-day option to purchase up to an additional 1.0 million shares at the initial public offering prices, less the underwriting discount to over-allotments, if any. The underwriters exercised this option and purchased 1.0 million shares on January 5, 2018. The exercise of this option provided additional proceeds to us of $13.1 million.

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EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following presents the computation of basic earnings per share (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Basic: (1)
Net income	$	15,975	$	16,342	$	39,267	$	32,980
Weight average common shares	45,650		37,895		45,578		37,895
Basic earnings per share	$	0.35	$	0.43	$	0.86	$	0.87
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred In November 2017.

The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Diluted: (1)
Net income	$	15,975	$	16,342	$	39,267	$	32,980
Weighted average common shares - basic	45,650		37,895		45,578		37,895
Dilutive effect of stock options and restricted stock units	2,346		1,092		2,179		1,088
Weighted average common shares - diluted	47,996		38,987		47,757		38,983
Diluted earnings per share	$	0.33	$	0.42	$	0.82	$	0.85
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred in November 2017.

Potential common shares that would have the effect of increasing diluted earnings per share or decreasing diluted loss per share are considered to be anti-dilutive and as such, we do not include these shares in calculating "Diluted earnings per share." For the three and six months ended June 30,2018and 2017, there were no potential common shares excluded from the calculation of diluted earnings per share because their effect was anti-dilutive.

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SUPPLEMENTAL CASH FLOW INFORMATION

6 Months Ended

Jun. 30, 2018

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

SUPPLEMENTAL CASH FLOW INFORMATION

The following table provides supplemental cash flow information:

	Six Months Ended June 30,
(dollars in thousands)	2018		2017
Cash paid for:
Interest	$	44,250	$	25,788
Income taxes	11,621		14,594
Non-cash investing activities:
Property and equipment accrued in accounts payable	$	595	$	40

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SEGMENT REPORTING

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

We prepare segment information on the same basis that our chief operating decision maker reviews financial information for operational decision making purposes. We have three reportable operating segments: the U.S., Canada and the U.K.

The segment performance measure below is based on gross margin. In management’s evaluation of performance, certain costs, such as corporate expenses, district expenses and interest expense, are not allocated by segment. Accordingly the following reporting segment results do not include such allocated costs. There are no intersegment revenues, and we determined the amounts below in accordance with the same accounting principles used in our Condensed Consolidated Financial Statements.

The following table illustrates summarized financial information concerning our reportable segments.

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2018		2017		2018		2017
Revenues by segment:
U.S.	$	190,126	$	163,764	$	394,719	$	338,086
Canada	47,043		43,595		93,293		85,161
U.K.	11,814		9,585		22,729		18,277
Consolidated revenue	$	248,983	$	216,944	$	510,741	$	441,524
Gross margin by segment:
U.S.	$	64,048	$	63,119	$	155,392	$	140,251
Canada	13,300		15,962		27,802		30,262
U.K.	3,064		2,921		6,463		6,394
Consolidated gross margin	$	80,412	$	82,002	$	189,657	$	176,907
Expenditures for long-lived assets by segment:
U.S.	$	1,195	$	2,976	$	1,983	$	4,648
Canada	220		61		974		1,352
U.K.	31		698		98		828
Consolidated expenditures for long-lived assets	$	1,446	$	3,735	$	3,055	$	6,828

The following table provides the proportion of gross loans receivable by segment:

(dollars in thousands)	June 30, 2018		December 31, 2017
U.S.	$	298,546	$	308,696
Canada	122,042		104,551
U.K.	24,039		19,590
Total gross loans receivable	$	444,627	$	432,837

The following table illustrates our net long-lived assets, comprised of property and equipment by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located:

(dollars in thousands)	June 30, 2018		December 31, 2017
U.S.	$	49,087	$	52,627
Canada	29,957		32,924
U.K.	1,376		1,535
Total net long-lived assets	$	80,420	$	87,086

Our chief operating decision maker does not review assets by segment for purposes of allocating resources or

decision-making purposes; therefore, total assets by segment are not disclosed.

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CONTINGENT LIABILITIES

6 Months Ended

Jun. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

CONTINGENT LIABILITIES

CONTINGENT LIABILITIES

Harrison, et al v. Principal Investments, Inc. et al

During the period relevant to this class action litigation, we pursued in excess of 16,000 claims in the limited actions and jurisdiction court in Clark County, Nevada, seeking payment of loans on which customers had defaulted. We utilized outside counsel to file these debt collection lawsuits. On Scene Mediations, a process serving company, was employed to serve the summons and petitions in the majority of these cases. In an unrelated matter, the principal of On Scene Mediations was convicted of multiple accounts of perjury and filing false affidavits to obtain judgments on behalf of a Las Vegas collection agency. In September 2010, we were sued by four former customers in a proposed class action suit filed in the District Court in Clark County, Nevada. The plaintiffs in this case claimed that they, and others in the proposed class, were not properly served notice of the debt collection lawsuits by the Company.

On June 7, 2017, the parties reached a settlement in this matter and we accrued approximately $2.3 million as a result of this settlement. On October 30, 2017, the District Court in Clark County, Nevada, issued final approval of the class settlement. We paid the approved settlement amount and released the related liability.

Reimbursement Offer; Possible Changes in Payment Practices

During 2017, it was determined that a limited universe of borrowers may have incurred bank overdraft or non-sufficient funds fees because of possible confusion about certain electronic payments we initiated on their loans. As a result, we decided to reimburse such fees through payments or credits against outstanding loan balances, subject to per-customer dollar limitations, upon receipt of (i) claims from potentially affected borrowers stating that they were in fact confused by our practices and (ii) bank statements from such borrowers showing that fees for which reimbursement is sought were incurred at a time that such borrowers might reasonably have been confused about our practices. As of June 30, 2018, net of payments made, a liability of $1.8 million remains for this matter.

Additionally, in June 2018, we discontinued the use of secondary payment cards for affected borrowers referenced above who did not explicitly reauthorize the use of secondary payment cards.  For those borrowers, in the event we were not able to obtain payment through the bank account or payment card listed on the borrower’s application, we will need to rely exclusively on other collection methods such as delinquency notices and/or collection calls.  The discontinuation for affected borrowers of our current use of secondary cards will increase collections costs and reduce collections effectiveness.

City of Austin

We were cited on July 5, 2016 by the City of Austin, Texas for alleged violations of the Austin ordinance addressing products offered by CSOs. The Austin ordinance regulates aspects of products offered under our Credit Access Business programs, including loan sizes and repayment terms. We believe that: (i) the Austin ordinance (like its counterparts elsewhere in the state) conflicts with Texas state law and (ii) our product in any event complies with the ordinance, when the ordinance is properly construed. The Austin Municipal Court agreed with our position that the ordinance conflicts with Texas law and, accordingly, did not address our second argument. In September 2017, the Travis County Court reversed the Municipal Court’s decision and remanded the case for further proceedings. We do not anticipate having a final determination of the lawfulness of our CAB program under the Austin ordinance (and similar ordinances in other Texas cities) in the near future. A final adverse decision could potentially result in material monetary liability in Austin and elsewhere in Texas, and would force us to restructure the loans we originate in Austin and elsewhere in Texas.

Other Legal Matters

We are also a defendant in certain routine litigation matters encountered in the ordinary course of our business. Certain of these matters may be covered to an extent by insurance. In the opinion of management, based upon the advice of legal counsel, the likelihood is remote that the impact of any pending legal proceedings and claims, either individually or in the aggregate, would have a material adverse effect on our Consolidated Financial Statements.

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION

6 Months Ended

Jun. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

In February 2017, CFTC issued $470.0 million aggregate principal amount Senior Secured Notes, the proceeds of which were used together with available cash, to (i) redeem the outstanding 10.75% Senior Secured Notes due 2018 of our wholly owned subsidiary, CURO Intermediate, (ii) redeem the outstanding 12.00% Senior Cash Pay Notes due 2017 and (iii) pay fees, expenses, premiums and accrued interest in connection with the offering. CFTC sold the Senior Secured Notes to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”); or outside the U.S. to non-U.S. persons in compliance with Regulation S of the Securities Act.

In November 2017, CFTC issued $135.0 million aggregate principal amount of additional Senior Secured Notes in a private offering exempt from the registration requirements of the Securities Act (the "Additional Notes Offering"). CFTC used the proceeds from the Additional Notes Offering, together with available cash, to (i) pay a cash dividend, in an amount of $140.0 million to us, CFTC’s sole stockholder, and ultimately our stockholders and (ii) pay fees, expenses, premiums and accrued interest in connection with the Additional Notes Offering. CFTC received the consent of the holders of a majority of the outstanding principal amount of the current Senior Secured Notes to a one-time waiver with respect to the restrictions contained in Section 5.07(a) of the indenture governing the Senior Secured Notes to permit the dividend.

On March 7, 2018, CFTC redeemed $77.5 million of the Senior Secured Notes at a price equal to 112.00% of the principal amount plus accrued and unpaid interest to the date of redemption. Following the redemption, $527.5 million of the original outstanding principal amount of the Senior Secured Notes remain outstanding. The redemption was conducted pursuant to the indenture governing the Senior Secured Notes, dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent. Consistent with the terms of the indenture, CFTC used a portion of the cash proceeds from our IPO, to redeem such Senior Secured Notes. See Note 5, "Long-Term Debt," for additional details.

The following condensed consolidating financing information, which has been prepared in accordance with the requirements for presentation of Rule 3-10(d) of Regulation S-X promulgated under the Securities Act, presents the condensed consolidating financial information separately for:

(i) CFTC as the issuer of the Senior Secured Notes;

(ii) CURO Intermediate as the issuer of the 10.75% senior secured notes that were redeemed in February 2017;

(iii) Our subsidiary guarantors, which are comprised of our domestic subsidiaries, excluding CFTC, SPV, and CURO Intermediate (the “Subsidiary Guarantors”), on a consolidated basis, which are 100% owned by CURO, and which are guarantors of the Senior Secured Notes issued in February 2017 and the 10.75% senior secured notes redeemed in February 2017;

(iv) Our other subsidiaries on a consolidated basis, which are not guarantors of the Senior Secured Notes (the “Subsidiary Non-Guarantors”)

(v) Consolidating and eliminating entries representing adjustments to:

a. eliminate intercompany transactions between or among us, the Subsidiary Guarantors and the Subsidiary Non-Guarantors; and

b. eliminate the investments in our subsidiaries;

(vi) Us and our subsidiaries on a consolidated basis.

Condensed Consolidating Balance Sheets

	June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—	$	69,013		$	46,092		$	—		$	—		$	115,105		$	—		$	—	$	115,105
Restricted cash	—			—		1,679			3,495			7,274			—			12,448			—			—		12,448
Loans receivable, net	—			—		81,387			132,154			171,332			—			384,873			—			—		384,873
Deferred income taxes	—			—		—			3,697			—			—			3,697			—			—		3,697
Income taxes receivable	—			—		—			623			—			—			623			—			—		623
Prepaid expenses and other	—			—		32,921			3,376			—			—			36,297			—			—		36,297
Property and equipment, net	—			—		49,087			31,333			—			—			80,420			—			—		80,420
Goodwill	—			—		91,131			52,622			—			—			143,753			—			—		143,753
Other intangibles, net	15			—		4,582			26,228			—			—			30,825			—			—		30,825
Intercompany receivable	—			38,781		42,511			(20,439		)	—			(60,853		)	—			—			—		—
Investment in subsidiaries	53,213			1,016,398		—			—			—			(1,069,611		)	—			(52,249		)	52,249		—
Other	6,608			—		5,230			971			—			—			12,809			—			—		12,809
Total assets	$	59,836		$	1,055,179	$	377,541		$	280,152		$	178,606		$	(1,130,464	)	$	820,850		$	(52,249	)	$	52,249	$	820,850
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,334		$	9	$	35,755		$	15,288		$	14		$	—		$	53,400		$	157		$	—	$	53,557
Deferred revenue	—			—		5,488			5,081			(21		)	—			10,548			—			—		10,548
Income taxes payable	(64,622		)	96,958		(22,534		)	—			—			—			9,802			(4,327		)	—		5,475
Accrued interest	20,946			—		—			(8		)	1,237			—			22,175			—			—		22,175
Payable to CURO Holdings Corp.	38,847			—		62,081			—			—			—			100,928			(100,928		)	—		—
CSO guarantee liability	—			—		11,619			—			—			—			11,619			—			—		11,619
Deferred rent	—			—		9,772			1,709			—			—			11,481			—			—		11,481
Long-term debt (excluding current maturities)	512,135			—		—			(76		)	114,774			—			626,833			—			—		626,833
Subordinated shareholder debt	—			—		—			2,278			—			—			2,278			—			—		2,278
Intercompany payable	(395,121		)	895,349		(347,983		)	60,853			(152,245		)	(60,853		)	—			—			—		—
Other long-term liabilities	—			—		5,095			1,494			—			—			6,589			—			—		6,589
Deferred tax liabilities	(2,434		)	9,650		2,534			7,696			—			—			17,446			—			—		17,446
Total liabilities	112,085			1,001,966		(238,173		)	94,315			(36,241		)	(60,853		)	873,099			(105,098		)	—		768,001
Stockholder’s equity	(52,249		)	53,213		615,714			185,837			214,847			(1,069,611		)	(52,249		)	52,849			52,249		52,849
Total liabilities and stockholder’s equity	$	59,836		$	1,055,179	$	377,541		$	280,152		$	178,606		$	(1,130,464	)	$	820,850		$	(52,249	)	$	52,249	$	820,850

	December 31, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—		$	117,379		$	44,915		$	—		$	—		$	162,294		$	80		$	—	$	162,374
Restricted cash	—			—			1,677			3,569			6,871			—			12,117			—			—		12,117
Loans receivable, net	—			—			84,912			110,651			167,706			—			363,269			—			—		363,269
Deferred income taxes	—			2,154			(4,646		)	3,502			—			—			1,010			(238		)	—		772
Income taxes receivable	—			—			—			—			—			—			—			3,455			—		3,455
Prepaid expenses and other	—			—			38,277			3,353			—			—			41,630			882			—		42,512
Property and equipment, net	—			—			52,627			34,459			—			—			87,086			—			—		87,086
Goodwill	—			—			91,131			54,476			—			—			145,607			—			—		145,607
Other intangibles, net	16			—			5,418			27,335			—			—			32,769			—			—		32,769
Intercompany receivable	—			37,877			33,062			(30,588		)	—			(40,351		)	—			—			—		—
Investment in subsidiaries	(14,504		)	899,371			—			—			—			(884,867		)	—			(84,889		)	84,889		—
Other	5,713			—			3,017			1,040			—			—			9,770			—			—		9,770
Total assets	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,606		$	13		$	35,753		$	15,954		$	12		$	—		$	54,338		$	1,454		$	—	$	55,792
Deferred revenue	—			—			6,529			5,455			—			—			11,984			—			—		11,984
Income taxes payable	(49,738		)	70,231			(18,450		)	2,077			—			—			4,120			—			—		4,120
Accrued interest	24,201			—			—			—			1,266			—			25,467			—			—		25,467
Payable to CURO Holdings Corp.	184,348			—			(95,048		)	—			—			—			89,300			(89,300		)	—		—
CSO guarantee liability	—			—			17,795			—			—			—			17,795			—			—		17,795
Deferred rent	—			—			9,896			1,681			—			—			11,577			—			—		11,577
Long-term debt	585,823			—			—			—			120,402			—			706,225			—			—		706,225
Subordinated shareholder debt	—			—			—			2,381			—			—			2,381			—			—		2,381
Intercompany payable	(668,536		)	876,869			(124,332		)	40,351			(84,001		)	(40,351		)	—			—			—		—
Other long-term liabilities	—			—			3,969			1,799			—			—			5,768			—			—		5,768
Deferred tax liabilities	(2,590		)	6,793			(143		)	7,426			—			—			11,486			—			—		11,486
Total liabilities	76,114			953,906			(164,031		)	77,124			37,679			(40,351		)	940,441			(87,846		)	—		852,595
Stockholder’s equity	(84,889		)	(14,504		)	586,885			175,588			136,898			(884,867		)	(84,889		)	7,136			84,889		7,136
Total liabilities and stockholder’s equity	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731

Condensed Consolidating Statements of Income

	Three Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	118,034		$	58,857		$	72,092				$	248,983	$	—		$	—		$	248,983
Provision for losses	—			—			46,320			19,999			25,667					91,986		—			—			91,986
Net revenue	—			—			71,714			38,858			46,425		—			156,997		—			—			156,997
Cost of providing services:
Salaries and benefits	—			—			18,070			8,837			—		—			26,907		—			—			26,907
Occupancy	—			—			7,643			5,677			—		—			13,320		—			—			13,320
Office	—			—			4,247			1,830			—		—			6,077		—			—			6,077
Other costs of providing services	—			—			11,254			1,007			466		—			12,727		—			—			12,727
Advertising	—			—			12,409			5,145			—		—			17,554		—			—			17,554
Total cost of providing services	—			—			53,623			22,496			466		—			76,585		—			—			76,585
Gross margin	—			—			18,091			16,362			45,959		—			80,412		—			—			80,412
Operating (income) expense:
Corporate, district and other	458			18			25,383			10,434			46		—			36,339		2,316			—			38,655
Intercompany management fee	—			—			(6,920		)	3,281			3,639		—			—		—			—			—
Interest expense	16,585			—			(60		)	—			3,940		—			20,465		—			—			20,465
Loss on extinguishment of debt	—			—			—			—			—		—			—		—			—			—
Intercompany interest (income) expense	—			(904		)	(180		)	1,084			—		—			—		—			—			—
Total operating expense	17,043			(886		)	18,223			14,799			7,625		—			56,804		2,316			—			59,120
Net income (loss) before income taxes	(17,043		)	886			(132		)	1,563			38,334		—			23,608		(2,316		)	—			21,292
Provision for income tax expense (benefit)	(5,418		)	13,668			(4,458		)	2,101			—		—			5,893		(576		)	—			5,317
Net income (loss)	(11,625		)	(12,782		)	4,326			(538		)	38,334		—			17,715		(1,740		)	—			15,975
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—			—		—			—		17,715			(17,715		)	—
CURO Intermediate	(12,782		)	—			—			—			—		12,782			—		—			—			—
Guarantor Subsidiaries	4,326			—			—			—			—		(4,326		)	—		—			—			—
Non-Guarantor Subsidiaries	(538		)	—			—			—			—		538			—		—			—			—
SPV Subs	38,334			—			—			—			—		(38,334		)	—		—			—			—
Net income (loss) attributable to CURO	$	17,715		$	(12,782	)	$	4,326		$	(538	)	$	38,334	$	(29,340	)	$	17,715	$	15,975		$	(17,715	)	$	15,975

	Three Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	102,189		$	53,180	$	61,575		$	—		$	216,944	$	—		$	—		$	216,944
Provision for losses	—			—			36,079			13,489		15,878			—			65,446		—			—			65,446
Net revenue	—			—			66,110			39,691		45,697			—			151,498		—			—			151,498
Cost of providing services:
Salaries and benefits	—			—			17,736			8,564		—			—			26,300		—			—			26,300
Occupancy	—			—			7,791			5,720		—			—			13,511		—			—			13,511
Office	—			—			3,721			1,215		—			—			4,936		—			—			4,936
Other store operating expenses	—			—			11,513			1,566		29			—			13,108		—			—			13,108
Advertising	—			—			7,898			3,743		—			—			11,641		—			—			11,641
Total cost of providing services	—			—			48,659			20,808		29			—			69,496		—			—			69,496
Gross Margin	—			—			17,451			18,883		45,668			—			82,002		—			—			82,002
Operating (income) expense:
Corporate, district and other	2,447			(78		)	21,484			8,563		4,067			—			36,483		74			—			36,557
Intercompany management fee	—			—			(3,865		)	3,865		—			—			—		—			—			—
Interest expense	15,174			—			—			61		3,249			—			18,484		—			—			18,484
Intercompany interest (income) expense	—			(1,042		)	1,691			1,207		(1,856		)	—			—		—			—			—
Total operating expense	17,621			(1,120		)	19,310			13,696		5,460			—			54,967		74			—			55,041
Net (loss) income before income taxes	(17,621		)	1,120			(1,859		)	5,187		40,208			—			27,035		(74		)	—			26,961
Provision for income tax (benefit) expense	(6,166		)	17,560			(3,072		)	2,389		—			—			10,711		(92		)	—			10,619
Net income (loss)	(11,455		)	(16,440		)	1,213			2,798		40,208			—			16,324		18			—			16,342
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—			—			—		16,324			(16,324		)	—
CURO Intermediate	(16,440		)	—			—			—		—			16,440			—		—			—			—
Guarantor Subsidiaries	1,213			—			—			—		—			(1,213		)	—		—			—			—
Non-Guarantor Subsidiaries	2,798			—			—			—		—			(2,798		)	—		—			—			—
SPV Subs	40,208			—			—			—		—			(40,208		)	—		—			—			—
Net income (loss) attributable to CURO	$	16,324		$	(16,440	)	$	1,213		$	2,798	$	40,208		$	(27,779	)	$	16,324	$	16,342		$	(16,324	)	$	16,342

	Six Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	246,442		$	116,022	$	148,277				$	510,741	$	—		$	—		$	510,741
Provision for losses	—			—			82,089			36,697		54,231					173,017		—			—			173,017
Net revenue	—			—			164,353			79,325		94,046		—			337,724		—			—			337,724
Cost of providing services:
Salaries and benefits	—			—			36,089			17,737		—		—			53,826		—			—			53,826
Occupancy	—			—			15,289			11,458		—		—			26,747		—			—			26,747
Office	—			—			9,830			3,227		—		—			13,057		—			—			13,057
Other costs of providing services	—			—			23,284			2,896		947		—			27,127		—			—			27,127
Advertising	—			—			17,568			9,742		—		—			27,310		—			—			27,310
Total cost of providing services	—			—			102,060			45,060		947		—			148,067		—			—			148,067
Gross margin	—			—			62,293			34,265		93,099		—			189,657		—			—			189,657
Operating (income) expense:
Corporate, district and other	906			25			53,375			20,356		76		—			74,738		4,371			—			79,109
Intercompany management fee	—			—			(13,822		)	6,775		7,047		—			—		—			—			—
Interest expense	34,907			—			(172		)	52		8,027		—			42,814		—			—			42,814
Loss on extinguishment of debt	11,683			—			—			—		—		—			11,683		—			—			11,683
Intercompany interest (income) expense	—			(1,784		)	(259		)	2,043		—		—			—		—			—			—
Total operating expense	47,496			(1,759		)	39,122			29,226		15,150		—			129,235		4,371			—			133,606
Net income (loss) before income taxes	(47,496		)	1,759			23,171			5,039		77,949		—			60,422		(4,371		)	—			56,051
Provision for income tax expense (benefit)	(12,259		)	32,165			(6,043		)	4,030		—		—			17,893		(1,109		)	—			16,784
Net income (loss)	(35,237		)	(30,406		)	29,214			1,009		77,949		—			42,529		(3,262		)	—			39,267
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—		42,529			(42,529		)	—
CURO Intermediate	(30,406		)	—			—			—		—		30,406			—		—			—			—
Guarantor Subsidiaries	29,214			—			—			—		—		(29,214		)	—		—			—			—
Non-Guarantor Subsidiaries	1,009			—			—			—		—		(1,009		)	—		—			—			—
SPV Subs	77,949			—			—			—		—		(77,949		)	—		—			—			—
Net income (loss) attributable to CURO	$	42,529		$	(30,406	)	$	29,214		$	1,009	$	77,949	$	(77,766	)	$	42,529	$	39,267		$	(42,529	)	$	39,267

	Six Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	214,312		$	103,438	$	123,774	$	—		$	441,524	$	—		$	—		$	441,524
Provision for losses	—			—			64,136			26,030		37,016		—			127,182		—			—			127,182
Net revenue	—			—			150,176			77,408		86,758		—			314,342		—			—			314,342
Cost of providing services:
Salaries and benefits	—			—			35,589			17,144		—		—			52,733		—			—			52,733
Occupancy	—			—			15,936			11,670		—		—			27,606		—			—			27,606
Office	—			—			7,486			2,318		—		—			9,804		—			—			9,804
Other store operating expenses	—			—			25,015			2,884		64		—			27,963		—			—			27,963
Advertising	—			—			12,592			6,737		—		—			19,329		—			—			19,329
Total cost of providing services	—			—			96,618			40,753		64		—			137,435		—			—			137,435
Gross Margin	—			—			53,558			36,655		86,694		—			176,907		—			—			176,907
Operating (income) expense:
Corporate, district and other	2,977			(70		)	43,787			16,507		4,181		—			67,382		2,168			—			69,550
Intercompany management fee	—			—			(6,809		)	6,809		—		—			—		—			—			—
Interest expense	22,456			9,613			1			82		6,388		—			38,540		3,310			—			41,850
Intercompany interest (income) expense	—			(2,190		)	(330		)	2,520		—		—			—		—			—			—
Loss on extinguishment of debt	—			11,884			—			—		—		—			11,884		574			—			12,458
Total operating expense	25,433			19,237			36,649			25,918		10,569		—			117,806		6,052			—			123,858
Net (loss) income before income taxes	(25,433		)	(19,237		)	16,909			10,737		76,125		—			59,101		(6,052		)	—			53,049
Provision for income tax (benefit) expense	(10,126		)	34,172			(6,047		)	4,433		—		—			22,432		(2,363		)	—			20,069
Net income (loss)	(15,307		)	(53,409		)	22,956			6,304		76,125		—			36,669		(3,689		)	—			32,980
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—		36,669			(36,669		)	—
CURO Intermediate	(53,409		)	—			—			—		—		53,409			—		—			—			—
Guarantor Subsidiaries	22,956			—			—			—		—		(22,956		)	—		—			—			—
Non-Guarantor Subsidiaries	6,304			—			—			—		—		(6,304		)	—		—			—			—
SPV Subs	76,125			—			—			—		—		(76,125		)	—		—			—			—
Net income (loss) attributable to CURO	$	36,669		$	(53,409	)	$	22,956		$	6,304	$	76,125	$	(51,976	)	$	36,669	$	32,980		$	(36,669	)	$	32,980

Condensed Consolidating Statements of Cash Flows

	Six Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash provided (used)	$	78,548		$	—	$	(46,381	)	$	4,174		$	6,566		$	3,538		$	46,445		$	(12,550	)	$	—	$	33,895
Cash flows from investing activities:
Purchase of property, equipment and software	—			—		(1,983		)	(1,072		)	—			—			(3,055		)	—			—		(3,055		)
Cash paid for Cognical Holdings preferred shares	(958		)	—		—			—			—			—			(958		)	—			—		(958		)
Change in restricted cash	—			—		(2		)	(6		)	(403		)	—			(411		)	—			—		(411		)
Net cash used	(958		)	—		(1,985		)	(1,078		)	(403		)	—			(4,424		)	—			—		(4,424		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility	—			—		—			—			13,000			—			13,000			—			—		13,000
Payments on Non-Recourse U.S. SPV facility	—			—		—			—			(19,163		)	—			(19,163		)	—			—		(19,163		)
Proceeds from revolving credit facilities	10,000			—		—			8,798			—			—			18,798			—			—		18,798
Payments on revolving credit facilities	(10,000		)	—		—			(8,798		)	—			—			(18,798		)	—			—		(18,798		)
Proceeds from issuance of common stock	—			—		—			—			—			—			—			12,431			—		12,431
Proceeds from exercise of stock options	—			—		—			—			—			—			—			39			—		39
Payments on 12.00% Senior Secured Notes	(77,500		)	—		—			—			—			—			(77,500		)	—			—		(77,500		)
Debt issuance costs paid	(90		)	—		—			(78		)	—			—			(168		)	—			—		(168		)
Net cash provided (used)	(77,590		)	—		—			(78		)	(6,163		)	—			(83,831		)	12,470			—		(71,361		)
Effect of exchange rate changes on cash	—			—		—			(1,841		)	—			(3,538		)	(5,379		)	—			—		(5,379		)
Net increase (decrease) in cash	—			—		(48,366		)	1,177			—			—			(47,189		)	(80		)	—		(47,269		)
Cash at beginning of period	—			—		117,379			44,915			—			—			162,294			80			—		162,374
Cash at end of period	$	—		$	—	$	69,013		$	46,092		$	—		$	—		$	115,105		$	—		$	—	$	115,105

	Six Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash (used) provided	$	(284,269	)	$	424,080		$	(55,496	)	$	(17,605	)	$	(11,422	)	$	(431	)	$	54,857		$	(5,083	)	$	—	$	49,774
Cash flows from investing activities:
Purchase of property, equipment and software	—			—			(4,648		)	(2,180		)	—			—			(6,828		)	—			—		(6,828		)
Cash paid for Cognical investment	(4,975		)	—			—			—			—			—			(4,975		)	—			—		(4,975		)
Change in restricted cash	—			—			8			121			(4,566		)	—			(4,437		)	—			—		(4,437		)
Net cash used	(4,975		)	—			(4,640		)	(2,059		)	(4,566		)	—			(16,240		)	—			—		(16,240		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			41,130			—			41,130			—			—		41,130
Payments on Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			(25,142		)	—			(25,142		)	—			—		(25,142		)
Proceeds from issuance of 12.00% Senior Secured Notes	461,329			—			—			—			—			—			461,329			—			—		461,329
Payments on 10.75% Senior Secured Notes	—			(426,034		)	—			—			—			—			(426,034		)	—			—		(426,034		)
Payments on 12.00% Senior Cash Pay Notes	—			—			—			—			—			—			—			(125,000		)	—		(125,000		)
Dividends (paid) received	(158,083		)	—			—			—			—			—			(158,083		)	130,083			—		(28,000		)
Debt issuance costs paid	(14,002		)	—			—			—			—			—			(14,002		)	—			—		(14,002		)
Net cash provided (used)	289,244			(426,034		)	—			—			15,988			—			(120,802		)	5,083			—		(115,719		)
Effect of exchange rate changes on cash	—			—			—			2,009			—			431			2,440			—			—		2,440
Net decrease in cash	—			(1,954		)	(60,136		)	(17,655		)	—			—			(79,745		)	—			—		(79,745		)
Cash at beginning of period	—			1,954			127,712			63,779			—			—			193,445			80			—		193,525
Cash at end of period	$	—		$	—		$	67,576		$	46,124		$	—		$	—		$	113,700		$	80		$	—	$	113,780

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS (Policies)

6 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The terms “CURO," "we,” “our,” “us,” and the “Company,” refer to CURO Group Holdings Corp. and its directly and indirectly owned subsidiaries as a combined entity, except where otherwise stated. The term "CFTC" refers to CURO Financial Technologies Corp., a subsidiary of CURO, and its directly and indirectly owned subsidiaries as a consolidated entity, except where otherwise stated.

We have prepared the accompanying unaudited Condensed Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and with the accounting policies described in our 2017 Annual Report on Form 10-K. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with US GAAP have been condensed or omitted, although we believe that the disclosures are adequate to enable a reasonable understanding of the information presented.

The unaudited Condensed Consolidated Financial Statements and the accompanying notes reflect all adjustments, which are, in the opinion of management, necessary to present fairly our results of operations, financial position and cash flows for the periods presented. The adjustments consist solely of normal recurring adjustments. You should read the Condensed Consolidated Financial Statements in conjunction with the Consolidated Financial Statements and related Notes included in our 2017 Annual Report on Form 10-K. Interim results of operations are not necessarily indicative of results that may be expected for future interim periods or for the year ending December 31, 2018.

We completed our initial public offering ("IPO") in December 2017. Prior to our IPO we effected a 36-for-1 split of our common stock. We have retroactively adjusted all share and per share data for all periods presented to reflect the stock split as if the stock split had occurred at the beginning of the earliest period presented.

We qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"). As an emerging growth company, we have elected to take advantage of specified reduced reporting and other requirements that are otherwise generally required of public companies.

Principles of Consolidation

Principles of Consolidation

The Condensed Consolidated Financial Statements include the accounts of CURO and its wholly-owned subsidiaries. We have eliminated intercompany transactions and balances in consolidation.

Use of Estimates

Use of Estimates

The preparation of Condensed Consolidated Financial Statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenues and expenses during the periods reported. Some of the significant estimates that we have made in the accompanying Condensed Consolidated Financial Statements include allowances for loan losses, certain assumptions related to goodwill and intangibles, accruals related to self-insurance, Credit Services Organization ("CSO") guarantee liability and estimated tax liabilities. Actual results may differ from those estimates.

Recently Adopted and Issued Accounting Pronouncements Not Yet Adopted

Recently Adopted Accounting Pronouncements

In May 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09"). Under modification accounting, an entity is required to re-value its equity awards each time there is a modification to the terms of the awards. The provisions in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to account for the effects of a modification, unless certain conditions are met. The amendments in this update were effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. ASU 2017-09 was effective for us as of January 1, 2018. The adoption of this amendment did not have a material impact on our Consolidated Financial Statements.

Recently Issued Accounting Pronouncements Not Yet Adopted

In February 2018, FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive income ("ASU 2018-02"). Current US GAAP requires deferred tax liabilities and assets to be adjusted for the effect of a change in tax laws or rates with the effect included in income from continuing operations in the period the change is enacted, including items of other comprehensive income for which the related tax effects are presented in other comprehensive income (“stranded tax effects”). ASU 2018-02 allows, but does not require, companies to reclassify stranded tax effects caused by the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") from accumulated other comprehensive income to retained earnings. Additionally, ASU 2018-02 requires new disclosures by all companies, whether they opt to do the reclassification or not. The provisions of ASU 2018-02 are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Companies should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the 2017 Tax Act is recognized. We are currently assessing the impact adoption of ASU 2018-02 will have on our Consolidated Financial Statements.

In September 2017, FASB issued ASU 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments ("ASU 2017-13"). ASU 2017-13 amends the early adoption date option for public entities related to the adoption of ASU No. 2014-09 and ASU No. 2016-02. We are currently assessing the impact adoption of Topic 606 and Topic 842 will have on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplified the goodwill impairment test by eliminating Step 2 of the test which requires an entity to compute the implied fair value of goodwill. Instead, an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, and is limited to the amount of total goodwill allocated to that reporting unit. Under ASU 2017-04, 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 provisions of ASU 2017-04 are effective for a public entity's annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019 and effective for us, as an emerging growth company, in fiscal years beginning after December 15, 2021. We are currently assessing the impact adoption of ASU 2017-04 will have on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the definition of a Business ("ASU 2017-01"). ASU 2017-01 narrows the definition of a business and provides a framework that gives an entity a basis for making reasonable judgments about whether a transaction involves an asset or a business and provides a screen to determine when a set (an integrated set of assets and activities) is not a business. The screen requires a determination that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If the screen is not met, ASU 2017-01 (i) requires that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (ii) remove the evaluation of whether a market participant could replace missing elements. The amendments provide a framework to assist entities in evaluating whether both an input and a substantive process are present. ASU 2017-01 is effective prospectively for public companies for annual periods beginning after December 15, 2017 including interim periods therein, and it will be effective for us, as an emerging growth company, for annual periods beginning after December 15, 2018 and interim periods beginning after December 15, 2019. We are currently assessing the impact adoption of ASU 2017-01 will have on our Consolidated Financial Statements.

In November 2016, FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash ("ASU 2016-18"). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for public companies for fiscal years beginning after December 15, 2017 and interim periods therein, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods beginning after December 15, 2019. The amendments should be applied using a retrospective transition method to each period presented. We are currently assessing the impact adoption of ASU 2016-18 will have on our Consolidated Financial Statements.

In August 2016, FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) (“ASU 2016-15”). The amendments in ASU 2016-15 provide guidance on eight specific cash flow issues, including debt prepayment or debt extinguishment costs, contingent consideration payments made after a business combination, distributions received from equity method investees and beneficial interests in securitization transactions. ASU 2016-15 is currently effective for public companies, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. We are currently assessing the potential impact ASU 2016-15 will have on our Consolidated Statements of Cash Flows.

In June 2016, FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” ("ASU 2016-13"). This ASU modifies the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. ASU 2016-13 will be effective for public companies for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2020 and interim periods within fiscal years beginning after December 15, 2021. We anticipate that ASU 2016-13 will impact our current process for measuring credit losses and are currently assessing the impact it will have on our Consolidated Financial Statements.

In February 2016, FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payment arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged and lessees will no longer be provided with a source of off-balance sheet financing. ASU 2016-02 will be effective for public companies for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. We expect ASU 2016-02 will have an impact on our balance sheet with recognition of right-of-use assets which were previously operating leases. We are currently assessing the full impact ASU 2016-02 will have on our Consolidated Financial Statements and expect an estimate of impact in the second half of 2018.

In January 2016, FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”) which requires (i) equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, (ii) public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). ASU 2016-01 eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is currently effective for public companies, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. We are currently assessing the impact this ASU will have on our Consolidated Financial Statements.

In November 2015, FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-07 eliminates the requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. ASU 2015-17 is currently effective for public companies, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2017 and interim periods within fiscal years beginning after December 15, 2018. We do not expect that adoption of this amendment will have a material impact on our Consolidated Financial Statements.

In August 2015, FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) (“ASU 2015-14”), which deferred the effect date of ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), for public companies to fiscal years beginning after December 15, 2017 and interim periods within those fiscal years, and it will be effective for us, as an emerging growth company, for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. If we are no longer an emerging growth company as of December 31, 2018, we must adopt the provision of this standard retroactively as of January 1, 2018. In May 2014, FASB issued ASU 2014-09 which amended the existing accounting standards for revenue recognition. ASU 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. We do not expect that adoption of ASU 2014-09 will have a material impact on our Consolidated Financial Statements.

Variable Interest Entity

We have determined that we are the primary beneficiary of the VIEs and are required to consolidate them. We include the assets and liabilities related to the VIEs in our Consolidated Financial Statements and we account for them as secured borrowings. We parenthetically disclose on our Consolidated Balance Sheets the VIEs’ assets that can only be used to settle the VIEs' obligations and liabilities if the VIEs’ creditors have no recourse against our general credit.

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. We are required to use valuation techniques that are consistent with the market approach, income approach, and/or cost approach. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability based on market data obtained from independent sources, or unobservable, meaning those that reflect our own estimate about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. Accounting standards establish a three-level fair value hierarchy based upon the assumptions (inputs) used to price assets or liabilities. The hierarchy requires us to maximize the use of observable inputs and minimize the use of unobservable inputs.

The three levels of inputs used to measure fair value are listed below.

Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities.

Level 2 – Inputs include quoted market prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 – Unobservable inputs reflecting our own judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. We develop these inputs based on the best information available, including our own data.

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VARIABLE INTEREST ENTITIES (Tables)

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of the Carrying Amounts of Consolidated VIEs' Assets and Liabilities

The carrying amounts of consolidated VIEs' assets and liabilities associated with our special purpose subsidiaries were as follows:

(in thousands)	June 30, 2018		December 31, 2017
Assets
Restricted Cash	$	7,274	$	6,871
Loans receivable less allowance for loan losses	171,332		167,706
Total Assets	$	178,606	$	174,577
Liabilities
Accounts payable and accrued liabilities	$	14	$	12
Accrued interest	1,237		1,266
Long-term debt	114,774		120,402
Total Liabilities	$	116,025	$	121,680

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LOANS RECEIVABLE AND REVENUE (Tables)

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

Summary of Revenue by Product

The following table summarizes revenue by product for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2018		2017		2018		2017
Unsecured Installment	$	123,473	$	105,149	$	256,419	$	214,580
Secured Installment	25,777		23,173		52,633		46,842
Open-End	27,222		15,805		54,445		33,712
Single-Pay	61,602		63,241		125,307		127,031
Ancillary	10,909		9,576		21,937		19,359
Total revenue	$	248,983	$	216,944	$	510,741	$	441,524

Summary of Loans Receivable by Product and Related Delinquent Loans

The following tables summarize Loans receivable by product and the related delinquent loans receivable at June 30, 2018:

	June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	89,574		$	139,142		$	69,788		$	91,034		$	389,538
Delinquent loans receivable	—			40,272			14,817			—			55,089
Total loans receivable	89,574			179,414			84,605			91,034			444,627
Less: allowance for losses	(4,372		)	(35,279		)	(10,386		)	(9,717		)	(59,754		)
Loans receivable, net	$	85,202		$	144,135		$	74,219		$	81,317		$	384,873

	June 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	17,052	$	7,551	$	24,603
31-60 days past due	11,886		3,892		15,778
61-90 days past due	11,334		3,374		14,708
Total delinquent loans receivable	$	40,272	$	14,817	$	55,089

The following tables summarize Loans receivable by product and the related delinquent loans receivable at December 31, 2017:

	December 31, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	99,400		$	151,343		$	73,165		$	47,949		$	371,857
Delinquent loans receivable	—			44,963			16,017			—			60,980
Total loans receivable	99,400			196,306			89,182			47,949			432,837
Less: allowance for losses	(5,916		)	(43,754		)	(13,472		)	(6,426		)	(69,568		)
Loans receivable, net	$	93,484		$	152,552		$	75,710		$	41,523		$	363,269

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	18,358	$	8,116	$	26,474
31-60 days past due	12,836		3,628		16,464
61-90 days past due	13,769		4,273		18,042
Total delinquent loans receivable	$	44,963	$	16,017	$	60,980

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at June 30, 2018:

	June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	56,055		$	2,379		$	58,434
Delinquent loans receivable guaranteed by the Company	10,318			428			10,746
Total loans receivable guaranteed by the Company	66,373			2,807			69,180
Less: CSO guarantee liability	(11,193		)	(426		)	(11,619		)
Loans receivable guaranteed by the Company, net	$	55,180		$	2,381		$	57,561

	June 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	8,835	$	362	$	9,197
31-60 days past due	1,043		39		1,082
61-90 days past due	440		27		467
Total delinquent loans receivable	$	10,318	$	428	$	10,746

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at December 31, 2017:    

	December 31, 2017
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	62,676		$	3,098		$	65,774
Delinquent loans receivable guaranteed by the Company	12,480			537			13,017
Total loans receivable guaranteed by the Company	75,156			3,635			78,791
Less: CSO guarantee liability	(17,073		)	(722		)	(17,795		)
Loans receivable guaranteed by the Company, net	$	58,083		$	2,913		$	60,996

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	10,477	$	459	$	10,936
31-60 days past due	1,364		41		1,405
61-90 days past due	639		37		676
Total delinquent loans receivable	$	12,480	$	537	$	13,017

Summary of the Activity in the Allowance for Loan Losses

The following table summarizes activity in the allowance for loan losses during the six months ended June 30, 2018:

	Six Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	43,754		$	13,472		$	6,426		$	—		$	69,568
Charge-offs	(92,524		)	(75,479		)	(22,567		)	(44,156		)	(1,268		)	(235,994		)
Recoveries	65,283			12,335			5,162			21,260			87			104,127
Net charge-offs	(27,241		)	(63,144		)	(17,405		)	(22,896		)	(1,181		)	(131,867		)
Provision for losses	25,829			54,911			14,319			26,276			1,181			122,516
Effect of foreign currency translation	(132		)	(242		)	—			(89		)	—			(463		)
Balance, end of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Allowance for loan losses as a percentage of gross loan receivables	4.9		%	19.7		%	12.3		%	10.7		%	N/A			13.4		%

The following table summarizes activity in the allowance for loan losses during the three months ended June 30, 2017:

	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,719		$	42,040		$	20,270		$	4,572		$	—		$	71,601
Charge-offs	(44,020		)	(24,574		)	(6,941		)	(8,447		)	(1,261		)	(85,243		)
Recoveries	30,190			5,716			1,787			4,104			777			42,574
Net charge-offs	(13,830		)	(18,858		)	(5,154		)	(4,343		)	(484		)	(42,669		)
Provision for losses	14,284			17,845			4,081			4,298			484			40,992
Effect of foreign currency translation	140			379			(1		)	(4		)	—			514
Balance, end of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Allowance for loan losses as a percentage of gross loan receivables	5.8		%	26.5		%	25.2		%	16.9		%	N/A			20.1		%

The following table summarizes activity in the allowance for loan losses during the six months ended June 30, 2017:

	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,501		$	17,775		$	10,737		$	5,179		$	—		$	39,192
Charge-offs	(88,905		)	(24,574		)	(6,941		)	(17,676		)	(2,400		)	(140,496		)
Recoveries	63,341			10,634			4,815			9,457			1,529			89,776
Net charge-offs	(25,564		)	(13,940		)	(2,126		)	(8,219		)	(871		)	(50,720		)
Provision for losses	25,178			37,154			10,585			7,563			871			81,351
Effect of foreign currency translation	198			417			—			—			—			615
Balance, end of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Allowance for loan losses as a percentage of gross loan receivables	5.8		%	26.5		%	25.2		%	16.9		%	N/A			20.1		%

The following table summarizes activity in the allowance for loan losses during the three months ended June 30, 2018:

	Three Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,485		$	37,916		$	11,639		$	6,846		$	—		$	60,886
Charge-offs	(44,817		)	(36,102		)	(11,082		)	(23,807		)	(593		)	(116,401		)
Recoveries	30,274			6,368			2,296			11,883			40			50,861
Net charge-offs	(14,543		)	(29,734		)	(8,786		)	(11,924		)	(553		)	(65,540		)
Provision for losses	14,527			27,434			7,533			14,848			553			64,895
Effect of foreign currency translation	(97		)	(337		)	—			(53		)	—			(487		)
Balance, end of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Allowance for loan losses as a percentage of gross loan receivables	4.9		%	19.7		%	12.3		%	10.7		%	N/A			13.4		%

Summary of Activity in Credit Services Organization Guarantee Liability

The following table summarizes activity in the CSO guarantee liability during the six months ended June 30, 2017:

	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	274		$	15,630		$	1,148		$	17,052
Charge-offs	(1,886		)	(61,122		)	(5,303		)	(68,311		)
Recoveries	1,102			16,725			3,183			21,010
Net charge-offs	(784		)	(44,397		)	(2,120		)	(47,301		)
Provision for losses	510			43,515			1,806			45,831
Balance, end of period	$	—		$	14,748		$	834		$	15,582

The following table summarizes activity in the CSO guarantee liability during the six months ended June 30, 2018:

	Six Months Ended June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	17,073		$	722		$	17,795
Charge-offs	(74,736		)	(2,212		)	(76,948		)
Recoveries	18,326			1,945			20,271
Net charge-offs	(56,410		)	(267		)	(56,677		)
Provision for losses	50,530			(29		)	50,501
Balance, end of period	$	11,193		$	426		$	11,619

The following table summarizes activity in the CSO guarantee liability during the three months ended June 30, 2018:

	Three Months Ended June 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	9,886		$	526		$	10,412
Charge-offs	(33,017		)	(993		)	(34,010		)
Recoveries	7,350			776			8,126
Net charge-offs	(25,667		)	(217		)	(25,884		)
Provision for losses	26,974			117			27,091
Balance, end of period	$	11,193		$	426		$	11,619

The following table summarizes activity in the CSO guarantee liability during the three months ended June 30, 2017:

	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	14		$	18,482		$	1,287		$	19,783
Charge-offs	(373		)	(33,166		)	(2,141		)	(35,680		)
Recoveries	354			5,857			814			7,025
Net charge-offs	(19		)	(27,309		)	(1,327		)	(28,655		)
Provision for losses	5			23,575			874			24,454
Balance, end of period	$	—		$	14,748		$	834		$	15,582

Summary of Activity in Allowance for Loan Losses, Credit Services Organization Guarantee Liability

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the six months ended June 30, 2017:

	Six Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,775		$	33,405		$	11,885		$	5,179		$	—		$	56,244
Charge-offs	(90,791		)	(85,696		)	(12,244		)	(17,676		)	(2,400		)	(208,807		)
Recoveries	64,443			27,359			7,998			9,457			1,529			110,786
Net charge-offs	(26,348		)	(58,337		)	(4,246		)	(8,219		)	(871		)	(98,021		)
Provision for losses	25,688			80,669			12,391			7,563			871			127,182
Effect of foreign currency translation	198			417			—			—			—			615
Balance, end of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the six months ended June 30, 2018:

	Six Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	60,827		$	14,194		$	6,426		$	—		$	87,363
Charge-offs	(92,524		)	(150,215		)	(24,779		)	(44,156		)	(1,268		)	(312,942		)
Recoveries	65,283			30,661			7,107			21,260			87			124,398
Net charge-offs	(27,241		)	(119,554		)	(17,672		)	(22,896		)	(1,181		)	(188,544		)
Provision for losses	25,829			105,441			14,290			26,276			1,181			173,017
Effect of foreign currency translation	(132		)	(242		)	—			(89		)	—			(463		)
Balance, end of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended June 30, 2017:

	Three Months Ended June 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,733		$	60,522		$	21,557		$	4,572		$	—		$	91,384
Charge-offs	(44,393		)	(57,740		)	(9,082		)	(8,447		)	(1,261		)	(120,923		)
Recoveries	30,544			11,573			2,601			4,104			777			49,599
Net charge-offs	(13,849		)	(46,167		)	(6,481		)	(4,343		)	(484		)	(71,324		)
Provision for losses	14,289			41,420			4,955			4,298			484			65,446
Effect of foreign currency translation	140			379			(1		)	(4		)	—			514
Balance, end of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended June 30, 2018:

	Three Months Ended June 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,485		$	47,802		$	12,165		$	6,846		$	—		$	71,298
Charge-offs	(44,817		)	(69,119		)	(12,075		)	(23,807		)	(593		)	(150,411		)
Recoveries	30,274			13,718			3,072			11,883			40			58,987
Net charge-offs	(14,543		)	(55,401		)	(9,003		)	(11,924		)	(553		)	(91,424		)
Provision for losses	14,527			54,408			7,650			14,848			553			91,986
Effect of foreign currency translation	(97		)	(337		)	—			(53		)	—			(487		)
Balance, end of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373

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LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following:

(in thousands)	June 30, 2018		December 31, 2017
2017 Senior Secured Notes (due 2022)	$	512,136	$	585,823
Non-Recourse U.S. SPV Facility	114,697		120,402
Senior Revolver	—		—
Cash Money Revolving Credit Facility	—		—
Long-term debt	$	626,833	$	706,225

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SHARE-BASED COMPENSATION Tables (Tables)

6 Months Ended

Jun. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Restricted Stock Activity

A summary of the status of restricted stock units as of June 30, 2018 and changes during the six months ended June 30, 2018 is presented in the following table:

	Units		Weighted Average Grant Date Fair Value
December 31, 2017	1,516,241		$	14.00
Granted	90,372		17.46
Vested	(49,994	)	14.20
Forfeited	—		—
June 30, 2018	1,556,619		$	14.19

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FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Not Measured At Fair Value

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at June 30, 2018.

			Estimated Fair Value
(dollars in thousands)	Carrying Value June 30, 2018		Level 1		Level 2		Level 3		June 30, 2018
Financial assets:
Cash	$	115,105	$	115,105	$	—	$	—	$	115,105
Restricted cash	12,448		12,448		—		—		12,448
Loans receivable, net	384,873		—		—		384,873		384,873
Investment in Cognical	6,600		—		—		6,600		6,600
Financial liabilities:
Credit services organization guarantee liability	$	11,619	$	—	$	—	$	11,619	$	11,619
Senior secured notes	512,136		—		—		553,308		553,308
Non-Recourse U.S. SPV facility	114,697		—		—		118,427		118,427

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at December 31, 2017.

			Estimated Fair Value
(dollars in thousands)	Carrying Value December 31, 2017		Level 1		Level 2		Level 3		December 31, 2017
Financial assets:
Cash	$	162,374	$	162,374	$	—	$	—	$	162,374
Restricted cash	12,117		12,117		—		—		12,117
Loans receivable, net	363,269		—		—		363,269		363,269
Investment in Cognical	5,600		—		—		5,600		5,600
Financial liabilities:
Credit services organization guarantee liability	17,795		—		—		17,795		17,795
2017 Senior Secured notes	585,823		—		—		663,475		663,475
Non-Recourse U.S. SPV facility	120,402		—		—		124,590		124,590

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EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Summary of the Computation of Basic Earnings Per Share

The following presents the computation of basic earnings per share (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Basic: (1)
Net income	$	15,975	$	16,342	$	39,267	$	32,980
Weight average common shares	45,650		37,895		45,578		37,895
Basic earnings per share	$	0.35	$	0.43	$	0.86	$	0.87
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred In November 2017.

Summary of the Computation of Diluted Earnings Per Share

The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Diluted: (1)
Net income	$	15,975	$	16,342	$	39,267	$	32,980
Weighted average common shares - basic	45,650		37,895		45,578		37,895
Dilutive effect of stock options and restricted stock units	2,346		1,092		2,179		1,088
Weighted average common shares - diluted	47,996		38,987		47,757		38,983
Diluted earnings per share	$	0.33	$	0.42	$	0.82	$	0.85
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred in November 2017.

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SUPPLEMENTAL CASH FLOW INFORMATION (Tables)

6 Months Ended

Jun. 30, 2018

Supplemental Cash Flow Elements [Abstract]

Schedule of Supplemental Cash Flow Information

The following table provides supplemental cash flow information:

	Six Months Ended June 30,
(dollars in thousands)	2018		2017
Cash paid for:
Interest	$	44,250	$	25,788
Income taxes	11,621		14,594
Non-cash investing activities:
Property and equipment accrued in accounts payable	$	595	$	40

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SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The following table illustrates summarized financial information concerning our reportable segments.

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2018		2017		2018		2017
Revenues by segment:
U.S.	$	190,126	$	163,764	$	394,719	$	338,086
Canada	47,043		43,595		93,293		85,161
U.K.	11,814		9,585		22,729		18,277
Consolidated revenue	$	248,983	$	216,944	$	510,741	$	441,524
Gross margin by segment:
U.S.	$	64,048	$	63,119	$	155,392	$	140,251
Canada	13,300		15,962		27,802		30,262
U.K.	3,064		2,921		6,463		6,394
Consolidated gross margin	$	80,412	$	82,002	$	189,657	$	176,907
Expenditures for long-lived assets by segment:
U.S.	$	1,195	$	2,976	$	1,983	$	4,648
Canada	220		61		974		1,352
U.K.	31		698		98		828
Consolidated expenditures for long-lived assets	$	1,446	$	3,735	$	3,055	$	6,828

The following table provides the proportion of gross loans receivable by segment:

(dollars in thousands)	June 30, 2018		December 31, 2017
U.S.	$	298,546	$	308,696
Canada	122,042		104,551
U.K.	24,039		19,590
Total gross loans receivable	$	444,627	$	432,837

Summary of Long-lived Assets by Geographic Region

The following table illustrates our net long-lived assets, comprised of property and equipment by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located:

(dollars in thousands)	June 30, 2018		December 31, 2017
U.S.	$	49,087	$	52,627
Canada	29,957		32,924
U.K.	1,376		1,535
Total net long-lived assets	$	80,420	$	87,086

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

Condensed Consolidating Balance Sheets

	June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—	$	69,013		$	46,092		$	—		$	—		$	115,105		$	—		$	—	$	115,105
Restricted cash	—			—		1,679			3,495			7,274			—			12,448			—			—		12,448
Loans receivable, net	—			—		81,387			132,154			171,332			—			384,873			—			—		384,873
Deferred income taxes	—			—		—			3,697			—			—			3,697			—			—		3,697
Income taxes receivable	—			—		—			623			—			—			623			—			—		623
Prepaid expenses and other	—			—		32,921			3,376			—			—			36,297			—			—		36,297
Property and equipment, net	—			—		49,087			31,333			—			—			80,420			—			—		80,420
Goodwill	—			—		91,131			52,622			—			—			143,753			—			—		143,753
Other intangibles, net	15			—		4,582			26,228			—			—			30,825			—			—		30,825
Intercompany receivable	—			38,781		42,511			(20,439		)	—			(60,853		)	—			—			—		—
Investment in subsidiaries	53,213			1,016,398		—			—			—			(1,069,611		)	—			(52,249		)	52,249		—
Other	6,608			—		5,230			971			—			—			12,809			—			—		12,809
Total assets	$	59,836		$	1,055,179	$	377,541		$	280,152		$	178,606		$	(1,130,464	)	$	820,850		$	(52,249	)	$	52,249	$	820,850
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,334		$	9	$	35,755		$	15,288		$	14		$	—		$	53,400		$	157		$	—	$	53,557
Deferred revenue	—			—		5,488			5,081			(21		)	—			10,548			—			—		10,548
Income taxes payable	(64,622		)	96,958		(22,534		)	—			—			—			9,802			(4,327		)	—		5,475
Accrued interest	20,946			—		—			(8		)	1,237			—			22,175			—			—		22,175
Payable to CURO Holdings Corp.	38,847			—		62,081			—			—			—			100,928			(100,928		)	—		—
CSO guarantee liability	—			—		11,619			—			—			—			11,619			—			—		11,619
Deferred rent	—			—		9,772			1,709			—			—			11,481			—			—		11,481
Long-term debt (excluding current maturities)	512,135			—		—			(76		)	114,774			—			626,833			—			—		626,833
Subordinated shareholder debt	—			—		—			2,278			—			—			2,278			—			—		2,278
Intercompany payable	(395,121		)	895,349		(347,983		)	60,853			(152,245		)	(60,853		)	—			—			—		—
Other long-term liabilities	—			—		5,095			1,494			—			—			6,589			—			—		6,589
Deferred tax liabilities	(2,434		)	9,650		2,534			7,696			—			—			17,446			—			—		17,446
Total liabilities	112,085			1,001,966		(238,173		)	94,315			(36,241		)	(60,853		)	873,099			(105,098		)	—		768,001
Stockholder’s equity	(52,249		)	53,213		615,714			185,837			214,847			(1,069,611		)	(52,249		)	52,849			52,249		52,849
Total liabilities and stockholder’s equity	$	59,836		$	1,055,179	$	377,541		$	280,152		$	178,606		$	(1,130,464	)	$	820,850		$	(52,249	)	$	52,249	$	820,850

	December 31, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—		$	117,379		$	44,915		$	—		$	—		$	162,294		$	80		$	—	$	162,374
Restricted cash	—			—			1,677			3,569			6,871			—			12,117			—			—		12,117
Loans receivable, net	—			—			84,912			110,651			167,706			—			363,269			—			—		363,269
Deferred income taxes	—			2,154			(4,646		)	3,502			—			—			1,010			(238		)	—		772
Income taxes receivable	—			—			—			—			—			—			—			3,455			—		3,455
Prepaid expenses and other	—			—			38,277			3,353			—			—			41,630			882			—		42,512
Property and equipment, net	—			—			52,627			34,459			—			—			87,086			—			—		87,086
Goodwill	—			—			91,131			54,476			—			—			145,607			—			—		145,607
Other intangibles, net	16			—			5,418			27,335			—			—			32,769			—			—		32,769
Intercompany receivable	—			37,877			33,062			(30,588		)	—			(40,351		)	—			—			—		—
Investment in subsidiaries	(14,504		)	899,371			—			—			—			(884,867		)	—			(84,889		)	84,889		—
Other	5,713			—			3,017			1,040			—			—			9,770			—			—		9,770
Total assets	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,606		$	13		$	35,753		$	15,954		$	12		$	—		$	54,338		$	1,454		$	—	$	55,792
Deferred revenue	—			—			6,529			5,455			—			—			11,984			—			—		11,984
Income taxes payable	(49,738		)	70,231			(18,450		)	2,077			—			—			4,120			—			—		4,120
Accrued interest	24,201			—			—			—			1,266			—			25,467			—			—		25,467
Payable to CURO Holdings Corp.	184,348			—			(95,048		)	—			—			—			89,300			(89,300		)	—		—
CSO guarantee liability	—			—			17,795			—			—			—			17,795			—			—		17,795
Deferred rent	—			—			9,896			1,681			—			—			11,577			—			—		11,577
Long-term debt	585,823			—			—			—			120,402			—			706,225			—			—		706,225
Subordinated shareholder debt	—			—			—			2,381			—			—			2,381			—			—		2,381
Intercompany payable	(668,536		)	876,869			(124,332		)	40,351			(84,001		)	(40,351		)	—			—			—		—
Other long-term liabilities	—			—			3,969			1,799			—			—			5,768			—			—		5,768
Deferred tax liabilities	(2,590		)	6,793			(143		)	7,426			—			—			11,486			—			—		11,486
Total liabilities	76,114			953,906			(164,031		)	77,124			37,679			(40,351		)	940,441			(87,846		)	—		852,595
Stockholder’s equity	(84,889		)	(14,504		)	586,885			175,588			136,898			(884,867		)	(84,889		)	7,136			84,889		7,136
Total liabilities and stockholder’s equity	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731

Condensed Income Statement

Condensed Consolidating Statements of Income

	Three Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	118,034		$	58,857		$	72,092				$	248,983	$	—		$	—		$	248,983
Provision for losses	—			—			46,320			19,999			25,667					91,986		—			—			91,986
Net revenue	—			—			71,714			38,858			46,425		—			156,997		—			—			156,997
Cost of providing services:
Salaries and benefits	—			—			18,070			8,837			—		—			26,907		—			—			26,907
Occupancy	—			—			7,643			5,677			—		—			13,320		—			—			13,320
Office	—			—			4,247			1,830			—		—			6,077		—			—			6,077
Other costs of providing services	—			—			11,254			1,007			466		—			12,727		—			—			12,727
Advertising	—			—			12,409			5,145			—		—			17,554		—			—			17,554
Total cost of providing services	—			—			53,623			22,496			466		—			76,585		—			—			76,585
Gross margin	—			—			18,091			16,362			45,959		—			80,412		—			—			80,412
Operating (income) expense:
Corporate, district and other	458			18			25,383			10,434			46		—			36,339		2,316			—			38,655
Intercompany management fee	—			—			(6,920		)	3,281			3,639		—			—		—			—			—
Interest expense	16,585			—			(60		)	—			3,940		—			20,465		—			—			20,465
Loss on extinguishment of debt	—			—			—			—			—		—			—		—			—			—
Intercompany interest (income) expense	—			(904		)	(180		)	1,084			—		—			—		—			—			—
Total operating expense	17,043			(886		)	18,223			14,799			7,625		—			56,804		2,316			—			59,120
Net income (loss) before income taxes	(17,043		)	886			(132		)	1,563			38,334		—			23,608		(2,316		)	—			21,292
Provision for income tax expense (benefit)	(5,418		)	13,668			(4,458		)	2,101			—		—			5,893		(576		)	—			5,317
Net income (loss)	(11,625		)	(12,782		)	4,326			(538		)	38,334		—			17,715		(1,740		)	—			15,975
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—			—		—			—		17,715			(17,715		)	—
CURO Intermediate	(12,782		)	—			—			—			—		12,782			—		—			—			—
Guarantor Subsidiaries	4,326			—			—			—			—		(4,326		)	—		—			—			—
Non-Guarantor Subsidiaries	(538		)	—			—			—			—		538			—		—			—			—
SPV Subs	38,334			—			—			—			—		(38,334		)	—		—			—			—
Net income (loss) attributable to CURO	$	17,715		$	(12,782	)	$	4,326		$	(538	)	$	38,334	$	(29,340	)	$	17,715	$	15,975		$	(17,715	)	$	15,975

	Three Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	102,189		$	53,180	$	61,575		$	—		$	216,944	$	—		$	—		$	216,944
Provision for losses	—			—			36,079			13,489		15,878			—			65,446		—			—			65,446
Net revenue	—			—			66,110			39,691		45,697			—			151,498		—			—			151,498
Cost of providing services:
Salaries and benefits	—			—			17,736			8,564		—			—			26,300		—			—			26,300
Occupancy	—			—			7,791			5,720		—			—			13,511		—			—			13,511
Office	—			—			3,721			1,215		—			—			4,936		—			—			4,936
Other store operating expenses	—			—			11,513			1,566		29			—			13,108		—			—			13,108
Advertising	—			—			7,898			3,743		—			—			11,641		—			—			11,641
Total cost of providing services	—			—			48,659			20,808		29			—			69,496		—			—			69,496
Gross Margin	—			—			17,451			18,883		45,668			—			82,002		—			—			82,002
Operating (income) expense:
Corporate, district and other	2,447			(78		)	21,484			8,563		4,067			—			36,483		74			—			36,557
Intercompany management fee	—			—			(3,865		)	3,865		—			—			—		—			—			—
Interest expense	15,174			—			—			61		3,249			—			18,484		—			—			18,484
Intercompany interest (income) expense	—			(1,042		)	1,691			1,207		(1,856		)	—			—		—			—			—
Total operating expense	17,621			(1,120		)	19,310			13,696		5,460			—			54,967		74			—			55,041
Net (loss) income before income taxes	(17,621		)	1,120			(1,859		)	5,187		40,208			—			27,035		(74		)	—			26,961
Provision for income tax (benefit) expense	(6,166		)	17,560			(3,072		)	2,389		—			—			10,711		(92		)	—			10,619
Net income (loss)	(11,455		)	(16,440		)	1,213			2,798		40,208			—			16,324		18			—			16,342
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—			—			—		16,324			(16,324		)	—
CURO Intermediate	(16,440		)	—			—			—		—			16,440			—		—			—			—
Guarantor Subsidiaries	1,213			—			—			—		—			(1,213		)	—		—			—			—
Non-Guarantor Subsidiaries	2,798			—			—			—		—			(2,798		)	—		—			—			—
SPV Subs	40,208			—			—			—		—			(40,208		)	—		—			—			—
Net income (loss) attributable to CURO	$	16,324		$	(16,440	)	$	1,213		$	2,798	$	40,208		$	(27,779	)	$	16,324	$	16,342		$	(16,324	)	$	16,342

	Six Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	246,442		$	116,022	$	148,277				$	510,741	$	—		$	—		$	510,741
Provision for losses	—			—			82,089			36,697		54,231					173,017		—			—			173,017
Net revenue	—			—			164,353			79,325		94,046		—			337,724		—			—			337,724
Cost of providing services:
Salaries and benefits	—			—			36,089			17,737		—		—			53,826		—			—			53,826
Occupancy	—			—			15,289			11,458		—		—			26,747		—			—			26,747
Office	—			—			9,830			3,227		—		—			13,057		—			—			13,057
Other costs of providing services	—			—			23,284			2,896		947		—			27,127		—			—			27,127
Advertising	—			—			17,568			9,742		—		—			27,310		—			—			27,310
Total cost of providing services	—			—			102,060			45,060		947		—			148,067		—			—			148,067
Gross margin	—			—			62,293			34,265		93,099		—			189,657		—			—			189,657
Operating (income) expense:
Corporate, district and other	906			25			53,375			20,356		76		—			74,738		4,371			—			79,109
Intercompany management fee	—			—			(13,822		)	6,775		7,047		—			—		—			—			—
Interest expense	34,907			—			(172		)	52		8,027		—			42,814		—			—			42,814
Loss on extinguishment of debt	11,683			—			—			—		—		—			11,683		—			—			11,683
Intercompany interest (income) expense	—			(1,784		)	(259		)	2,043		—		—			—		—			—			—
Total operating expense	47,496			(1,759		)	39,122			29,226		15,150		—			129,235		4,371			—			133,606
Net income (loss) before income taxes	(47,496		)	1,759			23,171			5,039		77,949		—			60,422		(4,371		)	—			56,051
Provision for income tax expense (benefit)	(12,259		)	32,165			(6,043		)	4,030		—		—			17,893		(1,109		)	—			16,784
Net income (loss)	(35,237		)	(30,406		)	29,214			1,009		77,949		—			42,529		(3,262		)	—			39,267
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—		42,529			(42,529		)	—
CURO Intermediate	(30,406		)	—			—			—		—		30,406			—		—			—			—
Guarantor Subsidiaries	29,214			—			—			—		—		(29,214		)	—		—			—			—
Non-Guarantor Subsidiaries	1,009			—			—			—		—		(1,009		)	—		—			—			—
SPV Subs	77,949			—			—			—		—		(77,949		)	—		—			—			—
Net income (loss) attributable to CURO	$	42,529		$	(30,406	)	$	29,214		$	1,009	$	77,949	$	(77,766	)	$	42,529	$	39,267		$	(42,529	)	$	39,267

	Six Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	214,312		$	103,438	$	123,774	$	—		$	441,524	$	—		$	—		$	441,524
Provision for losses	—			—			64,136			26,030		37,016		—			127,182		—			—			127,182
Net revenue	—			—			150,176			77,408		86,758		—			314,342		—			—			314,342
Cost of providing services:
Salaries and benefits	—			—			35,589			17,144		—		—			52,733		—			—			52,733
Occupancy	—			—			15,936			11,670		—		—			27,606		—			—			27,606
Office	—			—			7,486			2,318		—		—			9,804		—			—			9,804
Other store operating expenses	—			—			25,015			2,884		64		—			27,963		—			—			27,963
Advertising	—			—			12,592			6,737		—		—			19,329		—			—			19,329
Total cost of providing services	—			—			96,618			40,753		64		—			137,435		—			—			137,435
Gross Margin	—			—			53,558			36,655		86,694		—			176,907		—			—			176,907
Operating (income) expense:
Corporate, district and other	2,977			(70		)	43,787			16,507		4,181		—			67,382		2,168			—			69,550
Intercompany management fee	—			—			(6,809		)	6,809		—		—			—		—			—			—
Interest expense	22,456			9,613			1			82		6,388		—			38,540		3,310			—			41,850
Intercompany interest (income) expense	—			(2,190		)	(330		)	2,520		—		—			—		—			—			—
Loss on extinguishment of debt	—			11,884			—			—		—		—			11,884		574			—			12,458
Total operating expense	25,433			19,237			36,649			25,918		10,569		—			117,806		6,052			—			123,858
Net (loss) income before income taxes	(25,433		)	(19,237		)	16,909			10,737		76,125		—			59,101		(6,052		)	—			53,049
Provision for income tax (benefit) expense	(10,126		)	34,172			(6,047		)	4,433		—		—			22,432		(2,363		)	—			20,069
Net income (loss)	(15,307		)	(53,409		)	22,956			6,304		76,125		—			36,669		(3,689		)	—			32,980
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—		36,669			(36,669		)	—
CURO Intermediate	(53,409		)	—			—			—		—		53,409			—		—			—			—
Guarantor Subsidiaries	22,956			—			—			—		—		(22,956		)	—		—			—			—
Non-Guarantor Subsidiaries	6,304			—			—			—		—		(6,304		)	—		—			—			—
SPV Subs	76,125			—			—			—		—		(76,125		)	—		—			—			—
Net income (loss) attributable to CURO	$	36,669		$	(53,409	)	$	22,956		$	6,304	$	76,125	$	(51,976	)	$	36,669	$	32,980		$	(36,669	)	$	32,980

Condensed Cash Flow Statement

Condensed Consolidating Statements of Cash Flows

	Six Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash provided (used)	$	78,548		$	—	$	(46,381	)	$	4,174		$	6,566		$	3,538		$	46,445		$	(12,550	)	$	—	$	33,895
Cash flows from investing activities:
Purchase of property, equipment and software	—			—		(1,983		)	(1,072		)	—			—			(3,055		)	—			—		(3,055		)
Cash paid for Cognical Holdings preferred shares	(958		)	—		—			—			—			—			(958		)	—			—		(958		)
Change in restricted cash	—			—		(2		)	(6		)	(403		)	—			(411		)	—			—		(411		)
Net cash used	(958		)	—		(1,985		)	(1,078		)	(403		)	—			(4,424		)	—			—		(4,424		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility	—			—		—			—			13,000			—			13,000			—			—		13,000
Payments on Non-Recourse U.S. SPV facility	—			—		—			—			(19,163		)	—			(19,163		)	—			—		(19,163		)
Proceeds from revolving credit facilities	10,000			—		—			8,798			—			—			18,798			—			—		18,798
Payments on revolving credit facilities	(10,000		)	—		—			(8,798		)	—			—			(18,798		)	—			—		(18,798		)
Proceeds from issuance of common stock	—			—		—			—			—			—			—			12,431			—		12,431
Proceeds from exercise of stock options	—			—		—			—			—			—			—			39			—		39
Payments on 12.00% Senior Secured Notes	(77,500		)	—		—			—			—			—			(77,500		)	—			—		(77,500		)
Debt issuance costs paid	(90		)	—		—			(78		)	—			—			(168		)	—			—		(168		)
Net cash provided (used)	(77,590		)	—		—			(78		)	(6,163		)	—			(83,831		)	12,470			—		(71,361		)
Effect of exchange rate changes on cash	—			—		—			(1,841		)	—			(3,538		)	(5,379		)	—			—		(5,379		)
Net increase (decrease) in cash	—			—		(48,366		)	1,177			—			—			(47,189		)	(80		)	—		(47,269		)
Cash at beginning of period	—			—		117,379			44,915			—			—			162,294			80			—		162,374
Cash at end of period	$	—		$	—	$	69,013		$	46,092		$	—		$	—		$	115,105		$	—		$	—	$	115,105

	Six Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash (used) provided	$	(284,269	)	$	424,080		$	(55,496	)	$	(17,605	)	$	(11,422	)	$	(431	)	$	54,857		$	(5,083	)	$	—	$	49,774
Cash flows from investing activities:
Purchase of property, equipment and software	—			—			(4,648		)	(2,180		)	—			—			(6,828		)	—			—		(6,828		)
Cash paid for Cognical investment	(4,975		)	—			—			—			—			—			(4,975		)	—			—		(4,975		)
Change in restricted cash	—			—			8			121			(4,566		)	—			(4,437		)	—			—		(4,437		)
Net cash used	(4,975		)	—			(4,640		)	(2,059		)	(4,566		)	—			(16,240		)	—			—		(16,240		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			41,130			—			41,130			—			—		41,130
Payments on Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			(25,142		)	—			(25,142		)	—			—		(25,142		)
Proceeds from issuance of 12.00% Senior Secured Notes	461,329			—			—			—			—			—			461,329			—			—		461,329
Payments on 10.75% Senior Secured Notes	—			(426,034		)	—			—			—			—			(426,034		)	—			—		(426,034		)
Payments on 12.00% Senior Cash Pay Notes	—			—			—			—			—			—			—			(125,000		)	—		(125,000		)
Dividends (paid) received	(158,083		)	—			—			—			—			—			(158,083		)	130,083			—		(28,000		)
Debt issuance costs paid	(14,002		)	—			—			—			—			—			(14,002		)	—			—		(14,002		)
Net cash provided (used)	289,244			(426,034		)	—			—			15,988			—			(120,802		)	5,083			—		(115,719		)
Effect of exchange rate changes on cash	—			—			—			2,009			—			431			2,440			—			—		2,440
Net decrease in cash	—			(1,954		)	(60,136		)	(17,655		)	—			—			(79,745		)	—			—		(79,745		)
Cash at beginning of period	—			1,954			127,712			63,779			—			—			193,445			80			—		193,525
Cash at end of period	$	—		$	—		$	67,576		$	46,124		$	—		$	—		$	113,700		$	80		$	—	$	113,780

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS - Narrative (Details)		1 Months Ended
	Nov. 30, 2017	Nov. 30, 2017
Accounting Policies [Abstract]
Stock split conversion ratio	36	36

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VARIABLE INTEREST ENTITIES - Carrying Amounts Of Consolidated VIE Assets And Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Restricted cash	$ 12,448	$ 12,117
Loans receivable less allowance for loan losses	384,873	363,269
Total Assets	820,850	859,731
Liabilities
Accounts payable and accrued liabilities	53,557	55,792
Accrued interest	22,175	25,467
Long-term debt	626,833	706,225
Total Liabilities	768,001	852,595
Variable Interest Entity
ASSETS
Restricted cash	7,274	6,871
Loans receivable less allowance for loan losses	171,332	167,706
Total Assets	178,606	174,577
Liabilities
Accounts payable and accrued liabilities	14	12
Accrued interest	1,237	1,266
Long-term debt	114,774	120,402
Total Liabilities	$ 116,025	$ 121,680

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LOANS RECEIVABLE AND REVENUE - Revenue by Product (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue from External Customer [Line Items]
Revenue	$ 248,983	$ 216,944	$ 510,741	$ 441,524
Consumer Portfolio Segment | Unsecured Installment
Revenue from External Customer [Line Items]
Revenue	123,473	105,149	256,419	214,580
Consumer Portfolio Segment | Secured Installment
Revenue from External Customer [Line Items]
Revenue	25,777	23,173	52,633	46,842
Consumer Portfolio Segment | Open-End
Revenue from External Customer [Line Items]
Revenue	27,222	15,805	54,445	33,712
Consumer Portfolio Segment | Single-Pay
Revenue from External Customer [Line Items]
Revenue	61,602	63,241	125,307	127,031
Ancillary
Revenue from External Customer [Line Items]
Revenue	$ 10,909	$ 9,576	$ 21,937	$ 19,359

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LOANS RECEIVABLE AND REVENUE - Loans Receivable by Product and Delinquency (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	$ 389,538		$ 371,857
Delinquent loans receivable	55,089		60,980
Total loans receivable	444,627		432,837
Less: allowance for losses	(59,754)	$ (60,886)	(69,568)	$ (70,438)	$ (71,601)	$ (39,192)
Loans receivable, net	384,873		363,269
Consumer Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Delinquent loans receivable	55,089		60,980
Consumer Portfolio Segment | Single-Pay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	89,574		99,400
Delinquent loans receivable	0		0
Total loans receivable	89,574		99,400
Less: allowance for losses	(4,372)	(4,485)	(5,916)	(5,313)	(4,719)	(5,501)
Loans receivable, net	85,202		93,484
Consumer Portfolio Segment | Unsecured Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	139,142		151,343
Delinquent loans receivable	40,272		44,963
Total loans receivable	179,414		196,306
Less: allowance for losses	(35,279)	(37,916)	(43,754)	(41,406)	(42,040)	(17,775)
Loans receivable, net	144,135		152,552
Consumer Portfolio Segment | Secured Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	69,788		73,165
Delinquent loans receivable	14,817		16,017
Total loans receivable	84,605		89,182
Less: allowance for losses	(10,386)	(11,639)	(13,472)	(19,196)	(20,270)	(10,737)
Loans receivable, net	74,219		75,710
Consumer Portfolio Segment | Open-End
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	91,034		47,949
Delinquent loans receivable	0		0
Total loans receivable	91,034		47,949
Less: allowance for losses	(9,717)	$ (6,846)	(6,426)	$ (4,523)	$ (4,572)	$ (5,179)
Loans receivable, net	$ 81,317		$ 41,523

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LOANS RECEIVABLE AND REVENUE - Delinquent Loans - Aging Analysis (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	$ 55,089	$ 60,980
Consumer Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	55,089	60,980
Consumer Portfolio Segment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	24,603	26,474
Consumer Portfolio Segment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	15,778	16,464
Consumer Portfolio Segment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	14,708	18,042
Consumer Portfolio Segment | Unsecured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	40,272	44,963
Consumer Portfolio Segment | Unsecured Installment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	17,052	18,358
Consumer Portfolio Segment | Unsecured Installment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	11,886	12,836
Consumer Portfolio Segment | Unsecured Installment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	11,334	13,769
Consumer Portfolio Segment | Secured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	14,817	16,017
Consumer Portfolio Segment | Secured Installment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	7,551	8,116
Consumer Portfolio Segment | Secured Installment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	3,892	3,628
Consumer Portfolio Segment | Secured Installment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	$ 3,374	$ 4,273

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LOANS RECEIVABLE AND REVENUE - Loans Receivable By Product, Credit Services Organization (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Current loans receivable guaranteed by the Company	$ 58,434		$ 65,774
Delinquent loans receivable guaranteed by the Company	10,746		13,017
Total loans receivable guaranteed by the Company	69,180		78,791
Less: CSO guarantee liability	(11,619)	$ (10,412)	(17,795)	$ (15,582)	$ (19,783)	$ (17,052)
Loans receivable guaranteed by the Company, net	57,561		60,996
Consumer Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	10,746		13,017
Consumer Portfolio Segment | Unsecured Installment
Loans and Leases Receivable Disclosure [Line Items]
Current loans receivable guaranteed by the Company	56,055		62,676
Delinquent loans receivable guaranteed by the Company	10,318		12,480
Total loans receivable guaranteed by the Company	66,373		75,156
Less: CSO guarantee liability	(11,193)	(9,886)	(17,073)	(14,748)	(18,482)	(15,630)
Loans receivable guaranteed by the Company, net	55,180		58,083
Consumer Portfolio Segment | Secured Installment
Loans and Leases Receivable Disclosure [Line Items]
Current loans receivable guaranteed by the Company	2,379		3,098
Delinquent loans receivable guaranteed by the Company	428		537
Total loans receivable guaranteed by the Company	2,807		3,635
Less: CSO guarantee liability	(426)	$ (526)	(722)	$ (834)	$ (1,287)	$ (1,148)
Loans receivable guaranteed by the Company, net	$ 2,381		$ 2,913

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LOANS RECEIVABLE AND REVENUE - Delinquent Loans, Credit Services Organization - Aging Analysis (Details) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	$ 10,746	$ 13,017
Consumer Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	10,746	13,017
Consumer Portfolio Segment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	9,197	10,936
Consumer Portfolio Segment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	1,082	1,405
Consumer Portfolio Segment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	467	676
Consumer Portfolio Segment | Unsecured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	10,318	12,480
Consumer Portfolio Segment | Unsecured Installment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	8,835	10,477
Consumer Portfolio Segment | Unsecured Installment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	1,043	1,364
Consumer Portfolio Segment | Unsecured Installment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	440	639
Consumer Portfolio Segment | Secured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	428	537
Consumer Portfolio Segment | Secured Installment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	362	459
Consumer Portfolio Segment | Secured Installment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	39	41
Consumer Portfolio Segment | Secured Installment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	$ 27	$ 37

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LOANS RECEIVABLE AND REVENUE - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 60,886	$ 71,601	$ 69,568	$ 39,192
Charge-offs	(116,401)	(85,243)	(235,994)	(140,496)
Recoveries	50,861	42,574	104,127	89,776
Net charge-offs	(65,540)	(42,669)	(131,867)	(50,720)
Provision for losses	64,895	40,992	122,516	81,351
Effect of foreign currency translation	(487)	514	(463)	615
Balance, end of period	$ 59,754	$ 70,438	$ 59,754	$ 70,438
Allowance for Losses on Finance Receivables | Credit Concentration Risk
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Concentration risk, percentage	13.40%	20.10%	13.40%	20.10%
Consumer Portfolio Segment | Single-Pay
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 4,485	$ 4,719	$ 5,916	$ 5,501
Charge-offs	(44,817)	(44,020)	(92,524)	(88,905)
Recoveries	30,274	30,190	65,283	63,341
Net charge-offs	(14,543)	(13,830)	(27,241)	(25,564)
Provision for losses	14,527	14,284	25,829	25,178
Effect of foreign currency translation	(97)	140	(132)	198
Balance, end of period	$ 4,372	$ 5,313	$ 4,372	$ 5,313
Consumer Portfolio Segment | Single-Pay | Allowance for Losses on Finance Receivables | Credit Concentration Risk
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Concentration risk, percentage	4.90%	5.80%	4.90%	5.80%
Consumer Portfolio Segment | Unsecured Installment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 37,916	$ 42,040	$ 43,754	$ 17,775
Charge-offs	(36,102)	(24,574)	(75,479)	(24,574)
Recoveries	6,368	5,716	12,335	10,634
Net charge-offs	(29,734)	(18,858)	(63,144)	(13,940)
Provision for losses	27,434	17,845	54,911	37,154
Effect of foreign currency translation	(337)	379	(242)	417
Balance, end of period	$ 35,279	$ 41,406	$ 35,279	$ 41,406
Consumer Portfolio Segment | Unsecured Installment | Allowance for Losses on Finance Receivables | Credit Concentration Risk
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Concentration risk, percentage	19.70%	26.50%	19.70%	26.50%
Consumer Portfolio Segment | Secured Installment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 11,639	$ 20,270	$ 13,472	$ 10,737
Charge-offs	(11,082)	(6,941)	(22,567)	(6,941)
Recoveries	2,296	1,787	5,162	4,815
Net charge-offs	(8,786)	(5,154)	(17,405)	(2,126)
Provision for losses	7,533	4,081	14,319	10,585
Effect of foreign currency translation	0	(1)	0	0
Balance, end of period	$ 10,386	$ 19,196	$ 10,386	$ 19,196
Consumer Portfolio Segment | Secured Installment | Allowance for Losses on Finance Receivables | Credit Concentration Risk
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Concentration risk, percentage	12.30%	25.20%	12.30%	25.20%
Consumer Portfolio Segment | Open-End
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 6,846	$ 4,572	$ 6,426	$ 5,179
Charge-offs	(23,807)	(8,447)	(44,156)	(17,676)
Recoveries	11,883	4,104	21,260	9,457
Net charge-offs	(11,924)	(4,343)	(22,896)	(8,219)
Provision for losses	14,848	4,298	26,276	7,563
Effect of foreign currency translation	(53)	(4)	(89)	0
Balance, end of period	$ 9,717	$ 4,523	$ 9,717	$ 4,523
Consumer Portfolio Segment | Open-End | Allowance for Losses on Finance Receivables | Credit Concentration Risk
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Concentration risk, percentage	10.70%	16.90%	10.70%	16.90%
Consumer Portfolio Segment | Other
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 0	$ 0	$ 0	$ 0
Charge-offs	(593)	(1,261)	(1,268)	(2,400)
Recoveries	40	777	87	1,529
Net charge-offs	(553)	(484)	(1,181)	(871)
Provision for losses	553	484	1,181	871
Effect of foreign currency translation	0	0	0	0
Balance, end of period	$ 0	$ 0	$ 0	$ 0

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LOANS RECEIVABLE AND REVENUE - CSO Guarantee Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Guarantor Obligations [Roll Forward]
Balance, beginning of period	$ 10,412	$ 19,783	$ 17,795	$ 17,052
Charge-offs	(34,010)	(35,680)	(76,948)	(68,311)
Recoveries	8,126	7,025	20,271	21,010
Net charge-offs	(25,884)	(28,655)	(56,677)	(47,301)
Provision for losses	27,091	24,454	50,501	45,831
Balance, end of period	11,619	15,582	11,619	15,582
Consumer Portfolio Segment | Single-Pay
Guarantor Obligations [Roll Forward]
Balance, beginning of period		14		274
Charge-offs		(373)		(1,886)
Recoveries		354		1,102
Net charge-offs		(19)		(784)
Provision for losses		5		510
Balance, end of period		0		0
Consumer Portfolio Segment | Unsecured Installment
Guarantor Obligations [Roll Forward]
Balance, beginning of period	9,886	18,482	17,073	15,630
Charge-offs	(33,017)	(33,166)	(74,736)	(61,122)
Recoveries	7,350	5,857	18,326	16,725
Net charge-offs	(25,667)	(27,309)	(56,410)	(44,397)
Provision for losses	26,974	23,575	50,530	43,515
Balance, end of period	11,193	14,748	11,193	14,748
Consumer Portfolio Segment | Secured Installment
Guarantor Obligations [Roll Forward]
Balance, beginning of period	526	1,287	722	1,148
Charge-offs	(993)	(2,141)	(2,212)	(5,303)
Recoveries	776	814	1,945	3,183
Net charge-offs	(217)	(1,327)	(267)	(2,120)
Provision for losses	117	874	(29)	1,806
Balance, end of period	$ 426	$ 834	$ 426	$ 834

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LOANS RECEIVABLE AND REVENUE - Allowance For Doubtful Accounts - CSO Guarantee Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	$ 71,298	$ 91,384	$ 87,363	$ 56,244
Charge-offs	(150,411)	(120,923)	(312,942)	(208,807)
Recoveries	58,987	49,599	124,398	110,786
Net charge-offs	(91,424)	(71,324)	(188,544)	(98,021)
Provision for losses	91,986	65,446	173,017	127,182
Effect of foreign currency translation	(487)	514	(463)	615
Balance, end of period	71,373	86,020	71,373	86,020
Consumer Portfolio Segment | Single-Pay
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	4,485	4,733	5,916	5,775
Charge-offs	(44,817)	(44,393)	(92,524)	(90,791)
Recoveries	30,274	30,544	65,283	64,443
Net charge-offs	(14,543)	(13,849)	(27,241)	(26,348)
Provision for losses	14,527	14,289	25,829	25,688
Effect of foreign currency translation	(97)	140	(132)	198
Balance, end of period	4,372	5,313	4,372	5,313
Consumer Portfolio Segment | Unsecured Installment
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	47,802	60,522	60,827	33,405
Charge-offs	(69,119)	(57,740)	(150,215)	(85,696)
Recoveries	13,718	11,573	30,661	27,359
Net charge-offs	(55,401)	(46,167)	(119,554)	(58,337)
Provision for losses	54,408	41,420	105,441	80,669
Effect of foreign currency translation	(337)	379	(242)	417
Balance, end of period	46,472	56,154	46,472	56,154
Consumer Portfolio Segment | Secured Installment
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	12,165	21,557	14,194	11,885
Charge-offs	(12,075)	(9,082)	(24,779)	(12,244)
Recoveries	3,072	2,601	7,107	7,998
Net charge-offs	(9,003)	(6,481)	(17,672)	(4,246)
Provision for losses	7,650	4,955	14,290	12,391
Effect of foreign currency translation	0	(1)	0	0
Balance, end of period	10,812	20,030	10,812	20,030
Consumer Portfolio Segment | Open-End
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	6,846	4,572	6,426	5,179
Charge-offs	(23,807)	(8,447)	(44,156)	(17,676)
Recoveries	11,883	4,104	21,260	9,457
Net charge-offs	(11,924)	(4,343)	(22,896)	(8,219)
Provision for losses	14,848	4,298	26,276	7,563
Effect of foreign currency translation	(53)	(4)	(89)	0
Balance, end of period	9,717	4,523	9,717	4,523
Consumer Portfolio Segment | Other
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	0	0	0	0
Charge-offs	(593)	(1,261)	(1,268)	(2,400)
Recoveries	40	777	87	1,529
Net charge-offs	(553)	(484)	(1,181)	(871)
Provision for losses	553	484	1,181	871
Effect of foreign currency translation	0	0	0	0
Balance, end of period	$ 0	$ 0	$ 0	$ 0

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CREDIT SERVICES ORGANIZATION (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Credit services organization, fees receivable	$ 11,400		$ 14,500
Guarantor obligations, maximum exposure, undiscounted	58,700		65,200
Credit services organization guarantee liability	11,619	$ 10,412	17,795	$ 15,582	$ 19,783	$ 17,052
Amounts placed in collateral accounts	$ 15,200		$ 17,900
Minimum
Loans and Leases Receivable Disclosure [Line Items]
CSO program loan terms	3 months
Maximum
Loans and Leases Receivable Disclosure [Line Items]
CSO program loan terms	18 months

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LONG-TERM DEBT - Schedule Of Long Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 07, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt	$ 626,833		$ 706,225
Senior Notes | 2017 Senior Secured Notes (due 2022)
Debt Instrument [Line Items]
Long-term debt	512,136	$ 527,500	585,823
Line of Credit and Secured Debt | Non-Recourse U.S. SPV Facility
Debt Instrument [Line Items]
Long-term debt	114,697		120,402
Line of Credit | Revolving Credit Facility | Senior Revolver
Debt Instrument [Line Items]
Long-term debt	0		0
Line of Credit | Revolving Credit Facility | Cash Money Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	$ 0		$ 0

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LONG-TERM DEBT - Senior Secured Notes (Details) - USD ($)			3 Months Ended		6 Months Ended
	Apr. 05, 2018	Mar. 07, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	May 02, 2018	Feb. 05, 2018	Dec. 31, 2017	Nov. 30, 2017	Feb. 28, 2017
Line of Credit Facility [Line Items]
Loss on extinguishment of debt			$ 0	$ 0	$ 11,683,000	$ 12,458,000
Long-term debt			$ 626,833,000		$ 626,833,000				$ 706,225,000
Senior Notes | 12% Senior Secured Notes
Line of Credit Facility [Line Items]
Debt instrument, face amount										$ 135,000,000	$ 470,000,000
Stated interest rate (as percent)			12.00%		12.00%
Loss on extinguishment of debt		$ 11,700,000				$ 12,500,000
Debt issuance costs capitalized									18,300,000
Notice of redemption, amount	$ 37,700,000							$ 77,500,000
Redemption price, percentage of redemption amount (as percent)		112.00%
Long-term debt		$ 527,500,000	$ 512,136,000		$ 512,136,000				$ 585,823,000
Redemption price, percentage of excess cash flow (as percent)	50.00%	50.00%
Redemption period					125 days
Excess cash flow requirement, amount					$ 5,000,000
Excess cash flow, amount							$ 0

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LONG-TERM DEBT - Non-Recourse U.S. SPV Facility (Details) - Non-Recourse U.S. SPV Facility	1 Months Ended
	Nov. 30, 2016 USD ($)
Line of Credit and Secured Debt
Debt Instrument [Line Items]
Debt instrument, term	5 years
Secured Debt
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 80,000,000
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 70,000,000

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LONG-TERM DEBT - Senior Revolver (Details) - Line of Credit - Senior Revolver - USD ($)	1 Months Ended
	Feb. 28, 2018	Sep. 30, 2017
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 29,000,000	$ 25,000,000
Letter of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5,000,000
Debt instrument, term	1 year

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LONG-TERM DEBT - Cash Money Revolving Credit Facility (Details) - Line of Credit - Cash Money Revolving Credit Facility - CAD ($)	1 Months Ended	6 Months Ended
	Dec. 31, 2017	Jun. 30, 2018	Jul. 31, 2018
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 7,300,000.0
Revolving Credit Facility | Subsequent Event
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 10,000,000.0
Revolving Credit Facility | Prime Rate
Debt Instrument [Line Items]
Basis spread (as percent)		1.95%
Standby Letters of Credit
Debt Instrument [Line Items]
Reduction in borrowing capacity	$ 300,000

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SHARE-BASED COMPENSATION - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Nov. 08, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 2.2	$ 0.1	$ 4.0	$ 0.2
Unrecognized compensation costs	$ 18.4		$ 18.4
Compensation cost not yet recognized, period for recognition			2 years 4 months 24 days
2017 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)					5,000,000

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SHARE-BASED COMPENSATION - Summary of Restricted Stock Units (Details) - Restricted Stock	6 Months Ended
	Jun. 30, 2018 $ / shares shares
Units
Outstanding, beginning of period (in shares) | shares	1,516,241
Granted (in shares) | shares	90,372
Vested (in shares) | shares	(49,994)
Forfeited (in shares) | shares	0
Outstanding, end of period (in shares) | shares	1,556,619
Weighted Average Grant Date Fair Value
Weighted average grant date fair value, beginning of period (USD per share) | $ / shares	$ 14.00
Weighted average grant date fair value, granted (USD per share) | $ / shares	17.46
Weighted average grant date fair value, vested (USD per share) | $ / shares	14.20
Weighted average grant date fair value, forfeited (USD per share) | $ / shares	0.00
Weighted average grant date fair value, end of period (USD per share) | $ / shares	$ 14.19

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INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended		7 Months Ended	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Income Tax Contingency [Line Items]
Effective income tax rate (as percent)	25.00%		39.40%	29.90%	37.80%
Tax Cuts and Jobs Act of 2017, incomplete accounting, transition tax for accumulated foreign earnings, provisional income tax expense								$ 8.1
Tax Cuts and Jobs Act of 2017, incomplete accounting, transition tax for accumulated foreign earnings, additional amounts, provisional income tax expense		$ 1.2
Increase in the effective tax rate as a result of Tax Cuts and Jobs Act of 2017, transition tax (as percent)				2.10%
Tax Cuts and Jobs Act of 2017, global intangible low-taxed income, provisional income tax expense (benefit)				$ 0.6
Increase in the effective income tax rate due to GILTI tax (as percent)				1.10%
Tax Cuts and Jobs Act of 2017, incomplete accounting, provisional income tax expense (benefit)						$ 9.9
Undistributed foreign earnings	$ 165.8			$ 165.8		$ 165.8
Her Majesty's Revenue and Customs (HMRC)
Income Tax Contingency [Line Items]
Effective income tax rate reconciliation, change in enacted tax rate (as percent)				2.40%	2.50%
Canada Revenue Agency | Pro forma | Subsequent Event
Income Tax Contingency [Line Items]
Expected tax if earnings were distributed to the U.S.							$ 8.3

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FINANCIAL INSTRUMENTS - Summary of Assets and Liabilities Not Measured At Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Financial assets:
Restricted cash	$ 12,448	$ 12,117
Carrying Value
Financial assets:
Cash	115,105	162,374
Restricted cash	12,448	12,117
Loans receivable, net	384,873	363,269
Investment in Cognical	6,600	5,600
Financial liabilities:
Credit services organization guarantee liability	11,619	17,795
Carrying Value | 12% Senior Secured Notes
Financial liabilities:
Senior secured notes	512,136	585,823
Carrying Value | Non-Recourse U.S. SPV Facility
Financial liabilities:
Senior secured notes	114,697	120,402
Estimated Fair Value
Financial assets:
Cash	115,105	162,374
Restricted cash	12,448	12,117
Loans receivable, net	384,873	363,269
Investment in Cognical	6,600	5,600
Financial liabilities:
Credit services organization guarantee liability	11,619	17,795
Estimated Fair Value | 12% Senior Secured Notes
Financial liabilities:
Senior secured notes	553,308	663,475
Estimated Fair Value | Non-Recourse U.S. SPV Facility
Financial liabilities:
Senior secured notes	118,427	124,590
Estimated Fair Value | Level 1
Financial assets:
Cash	115,105	162,374
Restricted cash	12,448	12,117
Loans receivable, net	0	0
Investment in Cognical	0	0
Financial liabilities:
Credit services organization guarantee liability	0	0
Estimated Fair Value | Level 1 | 12% Senior Secured Notes
Financial liabilities:
Senior secured notes	0	0
Estimated Fair Value | Level 1 | Non-Recourse U.S. SPV Facility
Financial liabilities:
Senior secured notes	0	0
Estimated Fair Value | Level 2
Financial assets:
Cash	0	0
Restricted cash	0	0
Loans receivable, net	0	0
Investment in Cognical	0	0
Financial liabilities:
Credit services organization guarantee liability	0	0
Estimated Fair Value | Level 2 | 12% Senior Secured Notes
Financial liabilities:
Senior secured notes	0	0
Estimated Fair Value | Level 2 | Non-Recourse U.S. SPV Facility
Financial liabilities:
Senior secured notes	0	0
Estimated Fair Value | Level 3
Financial assets:
Cash	0	0
Restricted cash	0	0
Loans receivable, net	384,873	363,269
Investment in Cognical	6,600	5,600
Financial liabilities:
Credit services organization guarantee liability	11,619	17,795
Estimated Fair Value | Level 3 | 12% Senior Secured Notes
Financial liabilities:
Senior secured notes	553,308	663,475
Estimated Fair Value | Level 3 | Non-Recourse U.S. SPV Facility
Financial liabilities:
Senior secured notes	$ 118,427	$ 124,590

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FINANCIAL INSTRUMENTS - Narrative (Details) $ in Thousands, £ in Millions	6 Months Ended
	Jun. 30, 2018 USD ($)	Jun. 30, 2018 GBP (£)	Mar. 31, 2018 USD ($) shares	Dec. 31, 2017 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unrealized loss recorded in the statement of income relating to the foreign currency derivative	$ 400
Cognical Holdings, Inc.
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost method, ownership (as percen)	10.40%
Cognical Holdings, Inc.
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Business combination, preferred shares purchased (in shares) | shares			560,872
Purchase of cost method investment			$ 1,000
Foreign Exchange Forward
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Forward hedge agreement | £		£ 7.9
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Credit services organization guarantee liability	$ 11,619			$ 17,795
Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable, expected term	60 months

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STOCKHOLDERS' EQUITY (Details) - Over-Allotment Option $ in Millions	Jan. 05, 2018 USD ($) shares
Subsidiary, Sale of Stock [Line Items]
Number of shares issued via sale of stock (in shares) | shares	1,000,000
Proceeds received for the sale of stock | $	$ 13.1

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EARNINGS PER SHARE - Summary of Basic Earnings Per Share (Details) $ / shares in Units, shares in Thousands, $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended
	Nov. 30, 2017	Nov. 30, 2017	Jun. 30, 2018 USD ($) $ / shares shares	Jun. 30, 2017 USD ($) $ / shares shares	Jun. 30, 2018 USD ($) $ / shares shares	Jun. 30, 2017 USD ($) $ / shares shares
Earnings Per Share [Abstract]
Net income | $			$ 15,975	$ 16,342	$ 39,267	$ 32,980
Weight average common shares - basic (in shares) | shares			45,650	37,895	45,578	37,895
Basic earnings per share (in dollars per share) | $ / shares			$ 0.35	$ 0.43	$ 0.86	$ 0.87
Stock split conversion ratio	36	36

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EARNINGS PER SHARE - Summary of Diluted Earnings Per Share (Details) $ / shares in Units, shares in Thousands, $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended
	Nov. 30, 2017	Nov. 30, 2017	Jun. 30, 2018 USD ($) $ / shares shares	Jun. 30, 2017 USD ($) $ / shares shares	Jun. 30, 2018 USD ($) $ / shares shares	Jun. 30, 2017 USD ($) $ / shares shares
Earnings Per Share [Abstract]
Net income | $			$ 15,975	$ 16,342	$ 39,267	$ 32,980
Weight average common shares - basic (in shares)			45,650	37,895	45,578	37,895
Dilutive effect of stock options and restricted stock units (in shares)			2,346	1,092	2,179	1,088
Weighted average common shares - diluted (in shares)			47,996	38,987	47,757	38,983
Diluted earnings per share (in dollars per share) | $ / shares			$ 0.33	$ 0.42	$ 0.82	$ 0.85
Stock split conversion ratio	36	36

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EARNINGS PER SHARE - Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	0	0

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SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash paid for:
Interest	$ 44,250	$ 25,788
Income taxes	11,621	14,594
Non-cash investing activities:
Property and equipment accrued in accounts payable	$ 595	$ 40

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SEGMENT REPORTING - Narrative (Details)	6 Months Ended
	Jun. 30, 2018 segment
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	3

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SEGMENT REPORTING - Summary of Financial Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Consolidated revenue	$ 248,983	$ 216,944	$ 510,741	$ 441,524
Consolidated gross margin	80,412	82,002	189,657	176,907
Consolidated expenditures for long-lived assets	1,446	3,735	3,055	6,828
Total gross loans receivable	444,627		444,627		$ 432,837
U.S.
Segment Reporting Information [Line Items]
Consolidated revenue	190,126	163,764	394,719	338,086
Consolidated gross margin	64,048	63,119	155,392	140,251
Consolidated expenditures for long-lived assets	1,195	2,976	1,983	4,648
Total gross loans receivable	298,546		298,546		308,696
Canada
Segment Reporting Information [Line Items]
Consolidated revenue	47,043	43,595	93,293	85,161
Consolidated gross margin	13,300	15,962	27,802	30,262
Consolidated expenditures for long-lived assets	220	61	974	1,352
Total gross loans receivable	122,042		122,042		104,551
U.K.
Segment Reporting Information [Line Items]
Consolidated revenue	11,814	9,585	22,729	18,277
Consolidated gross margin	3,064	2,921	6,463	6,394
Consolidated expenditures for long-lived assets	31	$ 698	98	$ 828
Total gross loans receivable	$ 24,039		$ 24,039		$ 19,590

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SEGMENT REPORTING - Summary of Long-lived Assets by Geographical Region (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	$ 80,420	$ 87,086
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	49,087	52,627
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	29,957	32,924
U.K.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	$ 1,376	$ 1,535

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CONTINGENT LIABILITIES (Details) claim in Thousands, $ in Millions	1 Months Ended
	Sep. 30, 2010 plaintiff	Dec. 31, 2017 USD ($)	Jun. 07, 2017 USD ($)	Jun. 06, 2017 claim
Reimbursement Offer
Loss Contingencies [Line Items]
Loss contingency accrual		$ 1.8
Harrison, et al v. Principal Investments, Inc. et al
Loss Contingencies [Line Items]
Number of claims filed by the company (more than) | claim				16
Harrison, et al v. Principal Investments, Inc. et al | Pending Litigation
Loss Contingencies [Line Items]
Number of plaintiffs | plaintiff	4
Loss contingency accrual			$ 2.3

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Additional Information (Details) - USD ($)		1 Months Ended	6 Months Ended
	Mar. 07, 2018	Nov. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Apr. 05, 2018	Feb. 05, 2018	Dec. 31, 2017	Feb. 28, 2017
Debt Instrument [Line Items]
Dividends paid to CURO Group Holdings Corp.			$ 0	$ 28,000,000
Long-term debt			$ 626,833,000				$ 706,225,000
12% Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)			12.00%
Notice of redemption, amount					$ 37,700,000	$ 77,500,000
Redemption price, percentage (as percent)	112.00%
Long-term debt	$ 527,500,000		$ 512,136,000				$ 585,823,000
10.75% Senior Secured Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)			10.75%
10.75% Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)			10.75%
12% Senior Cash Pay Notes | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)			12.00%
CFTC | 12% Senior Secured Notes
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity								$ 470,000,000.0
CFTC | 12% Senior Secured Notes | Additional Notes Offering
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 135,000,000.0
Dividends paid to CURO Group Holdings Corp.		$ 140,000,000
CFTC | 12% Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Notice of redemption, amount	$ 77,500,000
Redemption price, percentage (as percent)	112.00%
Long-term debt	$ 527,500,000
CFTC | 10.75% Senior Secured Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)			10.75%
CFTC | 12% Senior Cash Pay Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)			12.00%

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Assets:
Cash	$ 115,105		$ 162,374	$ 113,780		$ 193,525
Restricted cash	12,448		12,117
Loans receivable, net	384,873		363,269
Deferred income taxes	3,697		772
Income taxes receivable	623		3,455
Prepaid expenses and other	36,297		42,512
Property and equipment, net	80,420		87,086
Goodwill	143,753		145,607
Other intangibles, net	30,825		32,769
Intercompany receivable	0		0
Investment in subsidiaries	0		0
Other	12,809		9,770
Total Assets	820,850		859,731
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	53,557		55,792
Deferred revenue	10,548		11,984
Income taxes payable	5,475		4,120
Accrued interest	22,175		25,467
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	11,619	$ 10,412	17,795	15,582	$ 19,783	17,052
Deferred rent	11,481		11,577
Long-term debt (excluding current maturities)	626,833		706,225
Subordinated shareholder debt	2,278		2,381
Intercompany payable	0		0
Other long-term liabilities	6,589		5,768
Deferred tax liabilities	17,446		11,486
Total Liabilities	768,001		852,595
Stockholder’s equity	52,849		7,136
Total Liabilities and Stockholders' Equity	820,850		859,731
Eliminations
Assets:
Cash	0		0	0		0
Restricted cash	0		0
Loans receivable, net	0		0
Deferred income taxes	0		0
Income taxes receivable	0		0
Prepaid expenses and other	0		0
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	0		0
Intercompany receivable	0		0
Investment in subsidiaries	52,249		84,889
Other	0		0
Total Assets	52,249		84,889
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	0		0
Deferred revenue	0		0
Income taxes payable	0		0
Accrued interest	0		0
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	0		0
Subordinated shareholder debt	0		0
Intercompany payable	0		0
Other long-term liabilities	0		0
Deferred tax liabilities	0		0
Total Liabilities	0		0
Stockholder’s equity	52,249		84,889
Total Liabilities and Stockholders' Equity	52,249		84,889
Subsidiaries
Assets:
Cash	115,105		162,294	113,700		193,445
Restricted cash	12,448		12,117
Loans receivable, net	384,873		363,269
Deferred income taxes	3,697		1,010
Income taxes receivable	623		0
Prepaid expenses and other	36,297		41,630
Property and equipment, net	80,420		87,086
Goodwill	143,753		145,607
Other intangibles, net	30,825		32,769
Intercompany receivable	0		0
Investment in subsidiaries	0		0
Other	12,809		9,770
Total Assets	820,850		855,552
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	53,400		54,338
Deferred revenue	10,548		11,984
Income taxes payable	9,802		4,120
Accrued interest	22,175		25,467
Payable to CURO Holdings Corp.	100,928		89,300
CSO guarantee liability	11,619		17,795
Deferred rent	11,481		11,577
Long-term debt (excluding current maturities)	626,833		706,225
Subordinated shareholder debt	2,278		2,381
Intercompany payable	0		0
Other long-term liabilities	6,589		5,768
Deferred tax liabilities	17,446		11,486
Total Liabilities	873,099		940,441
Stockholder’s equity	(52,249)		(84,889)
Total Liabilities and Stockholders' Equity	820,850		855,552
Subsidiaries | Eliminations
Assets:
Cash	0		0	0		0
Restricted cash	0		0
Loans receivable, net	0		0
Deferred income taxes	0		0
Income taxes receivable	0		0
Prepaid expenses and other	0		0
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	0		0
Intercompany receivable	(60,853)		(40,351)
Investment in subsidiaries	(1,069,611)		(884,867)
Other	0		0
Total Assets	(1,130,464)		(925,218)
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	0		0
Deferred revenue	0		0
Income taxes payable	0		0
Accrued interest	0		0
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	0		0
Subordinated shareholder debt	0		0
Intercompany payable	(60,853)		(40,351)
Other long-term liabilities	0		0
Deferred tax liabilities	0		0
Total Liabilities	(60,853)		(40,351)
Stockholder’s equity	(1,069,611)		(884,867)
Total Liabilities and Stockholders' Equity	(1,130,464)		(925,218)
Subsidiary Guarantors | Reportable Legal Entities
Assets:
Cash	69,013		117,379	67,576		127,712
Restricted cash	1,679		1,677
Loans receivable, net	81,387		84,912
Deferred income taxes	0		(4,646)
Income taxes receivable	0		0
Prepaid expenses and other	32,921		38,277
Property and equipment, net	49,087		52,627
Goodwill	91,131		91,131
Other intangibles, net	4,582		5,418
Intercompany receivable	42,511		33,062
Investment in subsidiaries	0		0
Other	5,230		3,017
Total Assets	377,541		422,854
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	35,755		35,753
Deferred revenue	5,488		6,529
Income taxes payable	(22,534)		(18,450)
Accrued interest	0		0
Payable to CURO Holdings Corp.	62,081		(95,048)
CSO guarantee liability	11,619		17,795
Deferred rent	9,772		9,896
Long-term debt (excluding current maturities)	0		0
Subordinated shareholder debt	0		0
Intercompany payable	(347,983)		(124,332)
Other long-term liabilities	5,095		3,969
Deferred tax liabilities	2,534		(143)
Total Liabilities	(238,173)		(164,031)
Stockholder’s equity	615,714		586,885
Total Liabilities and Stockholders' Equity	377,541		422,854
Subsidiary Non-Guarantors | Reportable Legal Entities
Assets:
Cash	46,092		44,915	46,124		63,779
Restricted cash	3,495		3,569
Loans receivable, net	132,154		110,651
Deferred income taxes	3,697		3,502
Income taxes receivable	623		0
Prepaid expenses and other	3,376		3,353
Property and equipment, net	31,333		34,459
Goodwill	52,622		54,476
Other intangibles, net	26,228		27,335
Intercompany receivable	(20,439)		(30,588)
Investment in subsidiaries	0		0
Other	971		1,040
Total Assets	280,152		252,712
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	15,288		15,954
Deferred revenue	5,081		5,455
Income taxes payable	0		2,077
Accrued interest	(8)		0
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	0		0
Deferred rent	1,709		1,681
Long-term debt (excluding current maturities)	(76)		0
Subordinated shareholder debt	2,278		2,381
Intercompany payable	60,853		40,351
Other long-term liabilities	1,494		1,799
Deferred tax liabilities	7,696		7,426
Total Liabilities	94,315		77,124
Stockholder’s equity	185,837		175,588
Total Liabilities and Stockholders' Equity	280,152		252,712
SPV Subs | Reportable Legal Entities
Assets:
Cash	0		0	0		0
Restricted cash	7,274		6,871
Loans receivable, net	171,332		167,706
Deferred income taxes	0		0
Income taxes receivable	0		0
Prepaid expenses and other	0		0
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	0		0
Intercompany receivable	0		0
Investment in subsidiaries	0		0
Other	0		0
Total Assets	178,606		174,577
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	14		12
Deferred revenue	(21)		0
Income taxes payable	0		0
Accrued interest	1,237		1,266
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	114,774		120,402
Subordinated shareholder debt	0		0
Intercompany payable	(152,245)		(84,001)
Other long-term liabilities	0		0
Deferred tax liabilities	0		0
Total Liabilities	(36,241)		37,679
Stockholder’s equity	214,847		136,898
Total Liabilities and Stockholders' Equity	178,606		174,577
CURO
Assets:
Cash	0		80	80		80
Restricted cash	0		0
Loans receivable, net	0		0
Deferred income taxes	0		(238)
Income taxes receivable	0		3,455
Prepaid expenses and other	0		882
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	0		0
Intercompany receivable	0		0
Investment in subsidiaries	(52,249)		(84,889)
Other	0		0
Total Assets	(52,249)		(80,710)
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	157		1,454
Deferred revenue	0		0
Income taxes payable	(4,327)		0
Accrued interest	0		0
Payable to CURO Holdings Corp.	(100,928)		(89,300)
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	0		0
Subordinated shareholder debt	0		0
Intercompany payable	0		0
Other long-term liabilities	0		0
Deferred tax liabilities	0		0
Total Liabilities	(105,098)		(87,846)
Stockholder’s equity	52,849		7,136
Total Liabilities and Stockholders' Equity	(52,249)		(80,710)
CFTC | Reportable Legal Entities
Assets:
Income taxes receivable	0
CFTC | Subsidiary Issuer | Reportable Legal Entities
Assets:
Cash	0		0	0		0
Restricted cash	0		0
Loans receivable, net	0		0
Deferred income taxes	0		0
Income taxes receivable			0
Prepaid expenses and other	0		0
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	15		16
Intercompany receivable	0		0
Investment in subsidiaries	53,213		(14,504)
Other	6,608		5,713
Total Assets	59,836		(8,775)
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	2,334		2,606
Deferred revenue	0		0
Income taxes payable	(64,622)		(49,738)
Accrued interest	20,946		24,201
Payable to CURO Holdings Corp.	38,847		184,348
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	512,135		585,823
Subordinated shareholder debt	0		0
Intercompany payable	(395,121)		(668,536)
Other long-term liabilities	0		0
Deferred tax liabilities	(2,434)		(2,590)
Total Liabilities	112,085		76,114
Stockholder’s equity	(52,249)		(84,889)
Total Liabilities and Stockholders' Equity	59,836		(8,775)
CURO Intermediate | Reportable Legal Entities
Assets:
Income taxes receivable	0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities
Assets:
Cash	0		0	$ 0		$ 1,954
Restricted cash	0		0
Loans receivable, net	0		0
Deferred income taxes	0		2,154
Income taxes receivable			0
Prepaid expenses and other	0		0
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	0		0
Intercompany receivable	38,781		37,877
Investment in subsidiaries	1,016,398		899,371
Other	0		0
Total Assets	1,055,179		939,402
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	9		13
Deferred revenue	0		0
Income taxes payable	96,958		70,231
Accrued interest	0		0
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	0		0
Subordinated shareholder debt	0		0
Intercompany payable	895,349		876,869
Other long-term liabilities	0		0
Deferred tax liabilities	9,650		6,793
Total Liabilities	1,001,966		953,906
Stockholder’s equity	53,213		(14,504)
Total Liabilities and Stockholders' Equity	$ 1,055,179		$ 939,402

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Condensed Income Statements (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Condensed Income Statements, Captions [Line Items]
Revenue	$ 248,983	$ 216,944	$ 510,741	$ 441,524
Provision for losses	91,986	65,446	173,017	127,182
Net revenue	156,997	151,498	337,724	314,342
Cost of providing services
Salaries and benefits	26,907	26,300	53,826	52,733
Occupancy	13,320	13,511	26,747	27,606
Office	6,077	4,936	13,057	9,804
Other store operating expenses	12,727	13,108	27,127	27,963
Advertising	17,554	11,641	27,310	19,329
Total cost of providing services	76,585	69,496	148,067	137,435
Gross margin	80,412	82,002	189,657	176,907
Operating (income) expense:
Corporate, district and other	38,655	36,557	79,109	69,550
Intercompany management fee	0	0	0	0
Interest expense	20,465	18,484	42,814	41,850
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	0	0	11,683	12,458
Total operating expense	59,120	55,041	133,606	123,858
Net income before income taxes	21,292	26,961	56,051	53,049
Provision for income taxes	5,317	10,619	16,784	20,069
Net income	15,975	16,342	39,267	32,980
Equity in net income (loss) of subsidiaries	15,975	16,342	39,267	32,980
CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
SPV Subs
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenue	248,983	216,944	510,741	441,524
Provision for losses	91,986	65,446	173,017	127,182
Net revenue	156,997	151,498	337,724	314,342
Cost of providing services
Salaries and benefits	26,907	26,300	53,826	52,733
Occupancy	13,320	13,511	26,747	27,606
Office	6,077	4,936	13,057	9,804
Other store operating expenses	12,727	13,108	27,127	27,963
Advertising	17,554	11,641	27,310	19,329
Total cost of providing services	76,585	69,496	148,067	137,435
Gross margin	80,412	82,002	189,657	176,907
Operating (income) expense:
Corporate, district and other	36,339	36,483	74,738	67,382
Intercompany management fee	0	0	0	0
Interest expense	20,465	18,484	42,814	38,540
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	0		11,683	11,884
Total operating expense	56,804	54,967	129,235	117,806
Net income before income taxes	23,608	27,035	60,422	59,101
Provision for income taxes	5,893	10,711	17,893	22,432
Net income	17,715	16,324	42,529	36,669
Equity in net income (loss) of subsidiaries	17,715	16,324	42,529	36,669
Subsidiaries | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiaries | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiaries | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiaries | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiaries | SPV Subs
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Provision for losses	0	0	0	0
Net revenue	0	0	0	0
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	0	0	0	0
Advertising	0	0	0	0
Total cost of providing services	0	0	0	0
Gross margin	0	0	0	0
Operating (income) expense:
Corporate, district and other	2,316	74	4,371	2,168
Intercompany management fee	0	0	0	0
Interest expense	0	0	0	3,310
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	0		0	574
Total operating expense	2,316	74	4,371	6,052
Net income before income taxes	(2,316)	(74)	(4,371)	(6,052)
Provision for income taxes	(576)	(92)	(1,109)	(2,363)
Net income	(1,740)	18	(3,262)	(3,689)
Equity in net income (loss) of subsidiaries	15,975	16,342	39,267	32,980
CURO | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	17,715	16,324	42,529	36,669
CURO | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO | SPV Subs
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Guarantors
Condensed Income Statements, Captions [Line Items]
Revenue	118,034	102,189	246,442	214,312
Provision for losses	46,320	36,079	82,089	64,136
Net revenue	71,714	66,110	164,353	150,176
Cost of providing services
Salaries and benefits	18,070	17,736	36,089	35,589
Occupancy	7,643	7,791	15,289	15,936
Office	4,247	3,721	9,830	7,486
Other store operating expenses	11,254	11,513	23,284	25,015
Advertising	12,409	7,898	17,568	12,592
Total cost of providing services	53,623	48,659	102,060	96,618
Gross margin	18,091	17,451	62,293	53,558
Operating (income) expense:
Corporate, district and other	25,383	21,484	53,375	43,787
Intercompany management fee	(6,920)	(3,865)	(13,822)	(6,809)
Interest expense	(60)	0	(172)	1
Intercompany interest (income) expense	(180)	1,691	(259)	(330)
Loss on extinguishment of debt	0		0	0
Total operating expense	18,223	19,310	39,122	36,649
Net income before income taxes	(132)	(1,859)	23,171	16,909
Provision for income taxes	(4,458)	(3,072)	(6,043)	(6,047)
Net income	4,326	1,213	29,214	22,956
Equity in net income (loss) of subsidiaries	4,326	1,213	29,214	22,956
Reportable Legal Entities | Subsidiary Guarantors | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Guarantors | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Guarantors | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Guarantors | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Guarantors | SPV Subs
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Non-Guarantors
Condensed Income Statements, Captions [Line Items]
Revenue	58,857	53,180	116,022	103,438
Provision for losses	19,999	13,489	36,697	26,030
Net revenue	38,858	39,691	79,325	77,408
Cost of providing services
Salaries and benefits	8,837	8,564	17,737	17,144
Occupancy	5,677	5,720	11,458	11,670
Office	1,830	1,215	3,227	2,318
Other store operating expenses	1,007	1,566	2,896	2,884
Advertising	5,145	3,743	9,742	6,737
Total cost of providing services	22,496	20,808	45,060	40,753
Gross margin	16,362	18,883	34,265	36,655
Operating (income) expense:
Corporate, district and other	10,434	8,563	20,356	16,507
Intercompany management fee	3,281	3,865	6,775	6,809
Interest expense	0	61	52	82
Intercompany interest (income) expense	1,084	1,207	2,043	2,520
Loss on extinguishment of debt	0		0	0
Total operating expense	14,799	13,696	29,226	25,918
Net income before income taxes	1,563	5,187	5,039	10,737
Provision for income taxes	2,101	2,389	4,030	4,433
Net income	(538)	2,798	1,009	6,304
Equity in net income (loss) of subsidiaries	(538)	2,798	1,009	6,304
Reportable Legal Entities | Subsidiary Non-Guarantors | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Non-Guarantors | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Non-Guarantors | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Non-Guarantors | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Non-Guarantors | SPV Subs
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | SPV Subs
Condensed Income Statements, Captions [Line Items]
Revenue	72,092	61,575	148,277	123,774
Provision for losses	25,667	15,878	54,231	37,016
Net revenue	46,425	45,697	94,046	86,758
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	466	29	947	64
Advertising	0	0	0	0
Total cost of providing services	466	29	947	64
Gross margin	45,959	45,668	93,099	86,694
Operating (income) expense:
Corporate, district and other	46	4,067	76	4,181
Intercompany management fee	3,639	0	7,047	0
Interest expense	3,940	3,249	8,027	6,388
Intercompany interest (income) expense	0	(1,856)	0	0
Loss on extinguishment of debt	0		0	0
Total operating expense	7,625	5,460	15,150	10,569
Net income before income taxes	38,334	40,208	77,949	76,125
Provision for income taxes	0	0	0	0
Net income	38,334	40,208	77,949	76,125
Equity in net income (loss) of subsidiaries	38,334	40,208	77,949	76,125
Reportable Legal Entities | SPV Subs | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | SPV Subs | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | SPV Subs | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | SPV Subs | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | SPV Subs | SPV Subs
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Provision for losses	0	0	0	0
Net revenue	0	0	0	0
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	0	0	0	0
Advertising	0	0	0	0
Total cost of providing services	0	0	0	0
Gross margin	0	0	0	0
Operating (income) expense:
Corporate, district and other	0	0	0	0
Intercompany management fee	0	0	0	0
Interest expense	0	0	0	0
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	0		0	0
Total operating expense	0	0	0	0
Net income before income taxes	0	0	0	0
Provision for income taxes	0	0	0	0
Net income	0	0	0	0
Equity in net income (loss) of subsidiaries	(17,715)	(16,324)	(42,529)	(36,669)
Eliminations | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	(17,715)	(16,324)	(42,529)	(36,669)
Eliminations | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations | SPV Subs
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations | Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenue		0		0
Provision for losses		0		0
Net revenue	0	0	0	0
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	0	0	0	0
Advertising	0	0	0	0
Total cost of providing services	0	0	0	0
Gross margin	0	0	0	0
Operating (income) expense:
Corporate, district and other	0	0	0	0
Intercompany management fee	0		0	0
Interest expense	0	0	0	0
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	0		0	0
Total operating expense	0	0	0	0
Net income before income taxes	0	0	0	0
Provision for income taxes	0	0	0	0
Net income	0	0	0	0
Equity in net income (loss) of subsidiaries	(29,340)	(27,779)	(77,766)	(51,976)
Eliminations | Subsidiaries | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations | Subsidiaries | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	12,782	16,440	30,406	53,409
Eliminations | Subsidiaries | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	(4,326)	(1,213)	(29,214)	(22,956)
Eliminations | Subsidiaries | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	538	(2,798)	(1,009)	(6,304)
Eliminations | Subsidiaries | SPV Subs
Operating (income) expense:
Equity in net income (loss) of subsidiaries	(38,334)	(40,208)	(77,949)	(76,125)
CFTC | Reportable Legal Entities | Subsidiary Issuer
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Provision for losses	0	0	0	0
Net revenue	0	0	0	0
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	0	0	0	0
Advertising	0	0	0	0
Total cost of providing services	0	0	0	0
Gross margin	0	0	0	0
Operating (income) expense:
Corporate, district and other	458	2,447	906	2,977
Intercompany management fee	0	0	0	0
Interest expense	16,585	15,174	34,907	22,456
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	0		11,683	0
Total operating expense	17,043	17,621	47,496	25,433
Net income before income taxes	(17,043)	(17,621)	(47,496)	(25,433)
Provision for income taxes	(5,418)	(6,166)	(12,259)	(10,126)
Net income	(11,625)	(11,455)	(35,237)	(15,307)
Equity in net income (loss) of subsidiaries	17,715	16,324	42,529	36,669
CFTC | Reportable Legal Entities | Subsidiary Issuer | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CFTC | Reportable Legal Entities | Subsidiary Issuer | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	(12,782)	(16,440)	(30,406)	(53,409)
CFTC | Reportable Legal Entities | Subsidiary Issuer | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	4,326	1,213	29,214	22,956
CFTC | Reportable Legal Entities | Subsidiary Issuer | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	(538)	2,798	1,009	6,304
CFTC | Reportable Legal Entities | Subsidiary Issuer | SPV Subs
Operating (income) expense:
Equity in net income (loss) of subsidiaries	38,334	40,208	77,949	76,125
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Provision for losses	0	0	0	0
Net revenue	0	0	0	0
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	0	0	0	0
Advertising	0	0	0	0
Total cost of providing services	0	0	0	0
Gross margin	0	0	0	0
Operating (income) expense:
Corporate, district and other	18	(78)	25	(70)
Intercompany management fee	0	0	0	0
Interest expense	0	0	0	9,613
Intercompany interest (income) expense	(904)	(1,042)	(1,784)	(2,190)
Loss on extinguishment of debt	0		0	11,884
Total operating expense	(886)	(1,120)	(1,759)	19,237
Net income before income taxes	886	1,120	1,759	(19,237)
Provision for income taxes	13,668	17,560	32,165	34,172
Net income	(12,782)	(16,440)	(30,406)	(53,409)
Equity in net income (loss) of subsidiaries	(12,782)	(16,440)	(30,406)	(53,409)
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer | SPV Subs
Operating (income) expense:
Equity in net income (loss) of subsidiaries	$ 0	$ 0	$ 0	$ 0

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Condensed Cash Flow Statement (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities
Net cash (used) provided	$ 33,895	$ 49,774
Cash flows from investing activities
Purchase of property, equipment and software	(3,055)	(6,828)
Cash paid for Cognical Holdings preferred shares	(958)	(4,975)
Changes in restricted cash	(411)	(4,437)
Net cash used in investing activities	(4,424)	(16,240)
Cash flows from financing activities
Proceeds from credit facilities	18,798
Payments on credit facilities	(18,798)
Net proceeds from issuance of common stock	12,431	0
Proceeds from exercise of stock options	39	0
Proceeds from issuance of 12.00% Senior Secured Notes	0	461,329
Payments on Senior Secured Notes	(77,500)
Payments on 12.00% Senior Cash Pay Notes	0	(125,000)
Dividends (paid) received	0	(28,000)
Debt issuance costs paid	(168)	(14,002)
Net cash used in financing activities	(71,361)	(115,719)
Effect of exchange rate changes on cash	(5,379)	2,440
Net increase (decrease) in cash	(47,269)	(79,745)
Cash at beginning of period	162,374	193,525
Cash at end of period	115,105	113,780
Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	13,000
Payments on credit facilities	(19,163)
12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		461,329
Payments on Senior Secured Notes	(77,500)	0
10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes	0	(426,034)
Eliminations
Cash flows from operating activities
Net cash (used) provided	0	0
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on Senior Secured Notes	0
Payments on 12.00% Senior Cash Pay Notes		0
Dividends (paid) received		0
Debt issuance costs paid	0	0
Net cash used in financing activities	0	0
Effect of exchange rate changes on cash	0	0
Net increase (decrease) in cash	0	0
Cash at beginning of period	0	0
Cash at end of period	0	0
Eliminations | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Eliminations | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		0
Eliminations | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
Subsidiary Guarantors | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	(46,381)	(55,496)
Cash flows from investing activities
Purchase of property, equipment and software	(1,983)	(4,648)
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	(2)	8
Net cash used in investing activities	(1,985)	(4,640)
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on Senior Secured Notes	0
Payments on 12.00% Senior Cash Pay Notes		0
Dividends (paid) received		0
Debt issuance costs paid	0	0
Net cash used in financing activities	0	0
Effect of exchange rate changes on cash	0	0
Net increase (decrease) in cash	(48,366)	(60,136)
Cash at beginning of period	117,379	127,712
Cash at end of period	69,013	67,576
Subsidiary Guarantors | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Subsidiary Guarantors | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		0
Subsidiary Guarantors | Reportable Legal Entities | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
Subsidiary Non-Guarantors | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	4,174	(17,605)
Cash flows from investing activities
Purchase of property, equipment and software	(1,072)	(2,180)
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	(6)	121
Net cash used in investing activities	(1,078)	(2,059)
Cash flows from financing activities
Proceeds from credit facilities	8,798
Payments on credit facilities	(8,798)
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on Senior Secured Notes	0
Payments on 12.00% Senior Cash Pay Notes		0
Dividends (paid) received		0
Debt issuance costs paid	(78)	0
Net cash used in financing activities	(78)	0
Effect of exchange rate changes on cash	(1,841)	2,009
Net increase (decrease) in cash	1,177	(17,655)
Cash at beginning of period	44,915	63,779
Cash at end of period	46,092	46,124
Subsidiary Non-Guarantors | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Subsidiary Non-Guarantors | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		0
Subsidiary Non-Guarantors | Reportable Legal Entities | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
SPV Subs | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	6,566	(11,422)
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	(403)	(4,566)
Net cash used in investing activities	(403)	(4,566)
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on Senior Secured Notes	0
Payments on 12.00% Senior Cash Pay Notes		0
Dividends (paid) received		0
Debt issuance costs paid	0	0
Net cash used in financing activities	(6,163)	15,988
Effect of exchange rate changes on cash	0	0
Net increase (decrease) in cash	0	0
Cash at beginning of period	0	0
Cash at end of period	0	0
SPV Subs | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	13,000
Payments on credit facilities	(19,163)
SPV Subs | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		0
SPV Subs | Reportable Legal Entities | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
Subsidiaries
Cash flows from operating activities
Net cash (used) provided	46,445	54,857
Cash flows from investing activities
Purchase of property, equipment and software	(3,055)	(6,828)
Cash paid for Cognical Holdings preferred shares	(958)	(4,975)
Changes in restricted cash	(411)	(4,437)
Net cash used in investing activities	(4,424)	(16,240)
Cash flows from financing activities
Proceeds from credit facilities	18,798
Payments on credit facilities	(18,798)
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on Senior Secured Notes	(77,500)
Payments on 12.00% Senior Cash Pay Notes		0
Dividends (paid) received		(158,083)
Debt issuance costs paid	(168)	(14,002)
Net cash used in financing activities	(83,831)	(120,802)
Effect of exchange rate changes on cash	(5,379)	2,440
Net increase (decrease) in cash	(47,189)	(79,745)
Cash at beginning of period	162,294	193,445
Cash at end of period	115,105	113,700
Subsidiaries | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	13,000
Payments on credit facilities	(19,163)
Subsidiaries | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		461,329
Subsidiaries | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		(426,034)
Subsidiaries | Eliminations
Cash flows from operating activities
Net cash (used) provided	3,538	(431)
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on Senior Secured Notes	0
Payments on 12.00% Senior Cash Pay Notes		0
Dividends (paid) received		0
Debt issuance costs paid	0	0
Net cash used in financing activities	0	0
Effect of exchange rate changes on cash	(3,538)	431
Net increase (decrease) in cash	0	0
Cash at beginning of period	0	0
Cash at end of period	0	0
Subsidiaries | Eliminations | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Subsidiaries | Eliminations | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		0
Subsidiaries | Eliminations | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
CURO
Cash flows from operating activities
Net cash (used) provided	(12,550)	(5,083)
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	12,431
Proceeds from exercise of stock options	39
Payments on Senior Secured Notes	0
Payments on 12.00% Senior Cash Pay Notes		(125,000)
Dividends (paid) received		130,083
Debt issuance costs paid	0	0
Net cash used in financing activities	12,470	5,083
Effect of exchange rate changes on cash	0	0
Net increase (decrease) in cash	(80)	0
Cash at beginning of period	80	80
Cash at end of period	0	80
CURO | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
CURO | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		0
CURO | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
CFTC | Subsidiary Issuer | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	78,548	(284,269)
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	(958)	(4,975)
Changes in restricted cash	0	0
Net cash used in investing activities	(958)	(4,975)
Cash flows from financing activities
Proceeds from credit facilities	10,000
Payments on credit facilities	(10,000)
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on Senior Secured Notes	(77,500)
Payments on 12.00% Senior Cash Pay Notes		0
Dividends (paid) received		(158,083)
Debt issuance costs paid	(90)	(14,002)
Net cash used in financing activities	(77,590)	289,244
Effect of exchange rate changes on cash	0	0
Net increase (decrease) in cash	0	0
Cash at beginning of period	0	0
Cash at end of period	0	0
CFTC | Subsidiary Issuer | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
CFTC | Subsidiary Issuer | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		461,329
CFTC | Subsidiary Issuer | Reportable Legal Entities | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	0	424,080
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on Senior Secured Notes	0
Payments on 12.00% Senior Cash Pay Notes		0
Dividends (paid) received		0
Debt issuance costs paid	0	0
Net cash used in financing activities	0	(426,034)
Effect of exchange rate changes on cash	0	0
Net increase (decrease) in cash	0	(1,954)
Cash at beginning of period	0	1,954
Cash at end of period	0	0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes		0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		(426,034)
Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities	13,000	41,130
Payments on credit facilities	$ (19,163)	(25,142)
Revolving Credit Facility | Eliminations
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Revolving Credit Facility | Subsidiary Guarantors | Reportable Legal Entities
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Revolving Credit Facility | Subsidiary Non-Guarantors | Reportable Legal Entities
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Revolving Credit Facility | SPV Subs | Reportable Legal Entities
Cash flows from financing activities
Proceeds from credit facilities		41,130
Payments on credit facilities		(25,142)
Revolving Credit Facility | Subsidiaries
Cash flows from financing activities
Proceeds from credit facilities		41,130
Payments on credit facilities		(25,142)
Revolving Credit Facility | Subsidiaries | Eliminations
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Revolving Credit Facility | CURO
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Revolving Credit Facility | CFTC | Subsidiary Issuer | Reportable Legal Entities
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Revolving Credit Facility | CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		$ 0