10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K /A

(Amendment No. 1)

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

For the fiscal year ended December 31, 2019

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) 722-3801

Securities Registered Pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock, $0.001 par value per share	CURO	New York Stock Exchange

Securities Registered Pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  ☐    No  ☒

Indicate by check if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes  ☐    No  ☒

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 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 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	☐	Emerging growth company	☐
Smaller reporting 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  ☒

The aggregate market value of 17,510,720 shares of the registrant’s common stock, par value $0.001 per share, held by non-affiliates on June 28, 2019 was approximately $193,493,456.

At February 28, 2020 there were 40,733,957 shares of the registrant’s common stock, $0.001 par value per share, outstanding.

Documents incorporated by reference:

The information required by Part III of Form 10-K is incorporated by reference to the registrant's definitive Proxy Statement relating to its 2020 Annual Meeting of Stockholders, which will be filed with the Commission within 120 days after the end of the registrant's fiscal year.

EXPLANATORY NOTE

This Amendment No. 1 to the Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the “2019 Annual Report”) of CURO Group Holdings Corp. is being filed for the sole purpose of correcting an error in which Exhibit 101 containing the XBRL (eXtensible Business Reporting Language) Interactive Data File for the financial statements and notes included in Part II, Item 8 of the 2019 Annual Report was inadvertently omitted from the EDGAR filing of the 2019 Annual Report, as originally filed on March 9, 2020. This Amendment No. 1 contains currently dated Section 302 certifications as Exhibits 31.1 and 31.2. CURO Group Holdings Corp. has not modified or updated the disclosures presented in the 2019 Annual Report as previously filed. This Amendment No. 1 does not reflect events occurring after the filing of the original 2019 Annual Report nor does it modify or update those disclosures that may be affected by subsequent events. Accordingly, this Amendment No. 1 should be read in conjunction with the 2019 Annual Report and the registrant’s other filings with the SEC.

EXHIBIT INDEX

Exhibit	Description
23.1	Consent of Independent Registered Public Accounting Firm - Deloitte & Touche LLP
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.
101.INS*	XBRL Instance Document
101.SCH*	XBRL Taxonomy Extension Schema Document
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*	XBRL Taxonomy Label Linkbase Document
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document

* Attached as Exhibit 101 to this report are the following formatted in XBRL (Extensible Business Reporting Language): (i) Consolidated Balance Sheets at December 31, 2019 and December 31, 2018; (ii) Consolidated Statements of Operations for the years ended December 31, 2019, December 31, 2018 and December 31, 2017; (iii) Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2019, December 31, 2018 and December 31, 2017; (iv) Consolidated Statements of Changes in Equity at December 31, 2019, December 31, 2018 and December 31, 2017; (v) Consolidated Statements of Cash Flows for the years ended December 31, 2019, December 31, 2018 and December 31, 2017; and (vi) Notes to Consolidated Financial Statements.

SIGNATURES

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

Dated: March 12, 2020            CURO Group Holdings Corp.

By:    /s/ Don Gayhardt___________________________

Don Gayhardt

President and Chief Executive Officer

4

EX-23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement No. 333-230905 on Form S-3 and Registration Statement No. 333-221945 on Form S-8 of our reports dated March 9, 2020, relating to the financial statements of CURO Group Holdings Corp. and the effectiveness of CURO Group Holdings Corp.'s internal control over financial reporting appearing in this Annual Report on Form 10-K for the year ended December 31, 2019.

/s/ Deloitte & Touche LLP

Chicago, Illinois

March 12, 2020

EX-31.1

CERTIFICATIONS

I, Don Gayhardt, certify that:

1. I have reviewed this Amendment No. 1 on Form 10-K/A of CURO Group Holdings Corp.;

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.

Date: March 12, 2020

By: __/s/ Don Gayhardt___________

Don Gayhardt

President and Chief Executive Officer

EX-31.2

CERTIFICATIONS

I, Roger Dean, certify that:

1. I have reviewed this Amendment No. 1 on Form 10-K/A of CURO Group Holdings Corp.;

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;

Date: March 12, 2020

By: __/s/ Roger Dean_________________________________

Roger Dean

Treasurer, Executive Vice President and Chief Financial Officer

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

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of Cash

The following table provides a reconciliation of cash and restricted cash to amounts reported within the Consolidated Balance Sheets (in thousands):

	December 31,
	2019		2018		2017
Cash and cash equivalents	$	75,242	$	61,175	$	153,483
Restricted cash (includes restricted cash of consolidated VIEs of $17,427 and $12,840 as of December 31, 2019 and 2018, respectively)	34,779		25,439		8,548
Total cash, cash equivalents and restricted cash from continuing operations	110,021		86,614		162,031
Cash and restricted cash from discontinued operations	—		13,243		12,460
Total cash, cash equivalents and restricted cash used in the Statements of Cash Flows	$	110,021	$	99,857	$	174,491

Schedule of Restricted Cash

The following table provides a reconciliation of cash and restricted cash to amounts reported within the Consolidated Balance Sheets (in thousands):

	December 31,
	2019		2018		2017
Cash and cash equivalents	$	75,242	$	61,175	$	153,483
Restricted cash (includes restricted cash of consolidated VIEs of $17,427 and $12,840 as of December 31, 2019 and 2018, respectively)	34,779		25,439		8,548
Total cash, cash equivalents and restricted cash from continuing operations	110,021		86,614		162,031
Cash and restricted cash from discontinued operations	—		13,243		12,460
Total cash, cash equivalents and restricted cash used in the Statements of Cash Flows	$	110,021	$	99,857	$	174,491

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DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

On February 25, 2019, in accordance with the provisions of the U.K. Insolvency Act 1986 and as approved by the Boards of Directors of the U.K. Subsidiaries, insolvency practitioners from KPMG were appointed as Administrators for the U.K. Subsidiaries. The effect of the U.K. Subsidiaries’ entry into administration was to place their management, affairs, business and property of the U.K. Subsidiaries under the direct control of the Administrators. Accordingly, the Company deconsolidated the U.K. Subsidiaries, which comprised the U.K. reportable operating segment, as of February 25, 2019. The Company reported the historical results of operations and financial position of the U.K. reportable operating segment as discontinued operations in the Consolidated Financial Statements for all periods presented.

The following table presents the results from the discontinued operations of the U.K. Subsidiaries included in the Consolidated Statement of Operations (in thousands):

	For the Year Ended December 31,
	2019			2018			2017
Revenue	$	6,957		$	49,238		$	39,496
Provision for losses	1,703			21,632			13,660
Net revenue	5,254			27,606			25,836
Cost of providing services
Advertising	775			8,970			5,495
Non-advertising costs of providing services	307			3,209			6,269
Total cost of providing services	1,082			12,179			11,764
Gross margin	4,172			15,427			14,072
Operating expense (income)
Corporate, district and other	3,810			31,639			17,218
Interest income	(4		)	(26		)	(12		)
Restructuring costs	—			—			7,393
Goodwill impairment	—			22,496			—
Loss on disposition	39,414			—			—
Total operating expense	43,220			54,109			24,599
Loss from operations of discontinued operations before income taxes	(39,048		)	(38,682		)	(10,527		)
(Benefit) / provision for income tax	(46,638		)	(170		)	929
Income (loss) from discontinued operations	$	7,590		$	(38,512	)	$	(11,456	)

The effective tax rate for the year ending December 31, 2019 was 119.4%, and primarily relates to the worthlessness of the U.K. stock resulting in a U.S. tax benefit.

The following table presents the aggregate carrying amounts of the assets and liabilities of the discontinued operations of the U.K. Subsidiaries (in thousands):

	December 31, 2019		December 31, 2018
ASSETS
Cash	$	—	$	9,859
Restricted cash	—		3,384
Gross loans receivable	—		25,256
Less: allowance for loan losses	—		(5,387		)
Loans receivable, net	—		19,869
Prepaid expenses and other	—		1,482
Other	—		267
Total assets classified as discontinued operations in the Consolidated Balance Sheets	$	—	$	34,861
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	$	—	$	8,136
Deferred revenue	—		180
Accrued interest	—		(5		)
Deferred rent	—		149
Other long-term liabilities	—		422
Total liabilities classified as discontinued operations in the Consolidated Balance Sheets	$	—	$	8,882

The following table presents cash flows of the discontinued operations of the U.K. Subsidiaries (in thousands):

	Year Ended December 31,
	2019			2018			2017
Net cash (used in) provided by discontinued operating activities	$	(504	)	$	10,808		$	9,666
Net cash used in discontinued investing activities	(14,213		)	(27,891		)	(15,761		)
Net cash used in discontinued financing activities	—			—			—

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

Nature of Operations and Basis of Presentation

The terms “CURO" and the “Company” refer to CURO Group Holdings Corp. and its direct and indirect subsidiaries as a combined entity, except where otherwise stated. The term "CFTC" refers to CURO Financial Technologies Corp., the Company's wholly-owned subsidiary, and its directly and indirectly owned subsidiaries as a consolidated entity, except where otherwise stated.

CURO is 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, through February 25, 2019, the U.K.

The Company has prepared the accompanying audited Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). The Company qualifies as a smaller reporting company ("SRC") as defined by the Securities and Exchange Commission ("SEC"), which allows registrants to report information under scaled disclosure requirements. SRC status is determined on an annual basis as of the last business day of the most recently completed second fiscal quarter. Under these rules, the Company met the definition of an SRC as of June 30, 2019, and it will reevaluate as of June 30, 2020.

U.K. Segment Financial Information Recast for Discontinued Operations

On February 25, 2019, the Company placed its U.K. segment into administration, which resulted in treatment of the U.K. segment as discontinued operations for all periods presented. Throughout this report, current and prior period financial information is presented on a continuing operations basis, excluding the results and positions of the U.K. segment. See Note 22, "Discontinued Operations" for additional information. For a full recast of the 2018 Annual Report on Form 10-K on a discontinued operations basis, see the Company's Current Report on Form 8-K filed with the SEC on June 28, 2019.

Initial Public Offering

The Company completed an initial public offering ("IPO") in December 2017. Prior to the IPO, the Company effected a 36-for-1 split of its common stock. CURO has 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. See Note 13, "Stockholders' Equity" for additional information concerning the IPO and stock split.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of CURO, its wholly-owned subsidiaries and Variable Interest Entities ("VIEs") that meet the requirements of consolidation. Intercompany transactions and balances have been eliminated in consolidation.

Equity Investment in Unconsolidated Entity

As of December 31, 2019, the Company owned a 43.8% investment in Cognical Holdings, Inc. ("Katapult", formerly known as Zibby), a private lease-to-own platform for online, brick and mortar and omni-channel retailers. Katapult provides customers with payment options in store or via the Katapult link on a retailer’s website. Customers approved under Katapult's terms can qualify for leases of merchandise with a purchase price ranging between $300 and $3,500. Katapult strives to increase retailer sales by providing lease payment options for nonprime customers seeking to purchase furniture, appliances, electronics and other consumer durables. The Company records the equity method investment in "Other" assets on the Consolidated Balance Sheets.

During the second and third quarters of 2019, Katapult completed an equity raising round through which the Company increased its investment to 43.8%, resulting in the accounting of the investment under the equity method. This round included additional investments from existing shareholders and investments by new investors and was considered indicative of the fair value of shares in Katapult. As the fair value was below the carrying value, the Company recognized a $3.7 million loss to adjust the Company's carrying value of Katapult.

The carrying value was further reduced by $2.5 million, which represents the Company's pro rata share of Katapult's losses during the period in which the Company accounted for its investment in Katapult under the equity method of accounting.

The Company holds immaterial warrants, subject to vesting restrictions, to purchase the common stock of Katapult and has also guaranteed to pay $5.5 million of certain notes, held by Katapult, to a third-party lender in the event of default by Katapult.

See Note 12 - "Fair Value Measurements"for additional detail on Katapult's fair value considerations for the year ended December 31, 2019.

Use of Estimates

The preparation of 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 the Company has made in the accompanying Consolidated Financial Statements include allowances for loan losses, certain assumptions related to goodwill and intangibles, accruals related to self-insurance, Credit Services Organization ("CSO") liability for losses and estimated tax liabilities. Actual results may differ from those estimates.

Revenue Recognition

CURO offers a broad range of consumer finance products including Unsecured Installment, Secured Installment, Open-End and Single-Pay loans. Revenue in the Consolidated Statements of Operations includes: interest income, finance charges, CSO fees, late fees, non-sufficient funds fees and other ancillary fees as permitted by applicable laws and pursuant to the customer agreements. Product offerings differ by jurisdiction and are governed by the laws in each separate jurisdiction. Installment loans include Secured Installment loans and Unsecured Installment loans. These loans are fully amortizing, with a fixed payment amount, which includes principal and accrued interest, due each period during the loan term. The loan terms for Installment loans can range up to 60 months depending on state or provincial regulations. The Company records revenue from Installment loans on a simple-interest basis. Accrued interest and fees are included in gross loans receivable in the Consolidated Balance Sheets as earned. CSO fees are recognized ratably over the term of the loan as earned.

Open-End loans function much like a revolving line-of-credit, whereby the periodic payment is a fixed percentage of the customer’s outstanding loan balance, and there is no defined loan term. The Company records revenue from Open-End loans on a simple-interest basis. Accrued interest and fees are included in gross loans receivable in the Consolidated Balance Sheets.

Single-Pay loans are primarily unsecured, short-term, small denomination loans, with a small portion being auto title loans, which allow a customer to obtain a loan using their car as collateral. Revenues from Single-Pay loan products are recognized each period on a constant-yield basis ratably over the term of each loan as earned. The Company defers recognition of the unearned fees the Company expects to collect based on the remaining term of the loan at the end of each reporting period.

Check cashing fees, money order fees and other fees from ancillary products and services are generally recognized at the point-of-sale when the transaction is completed. The Company also earns revenue from the sale of credit protection insurance in the Canadian market, which are recognized ratably over the term of the loan.

Cash and cash equivalents

The Company considers deposits in banks and short-term investments with original maturities of 90 days or less as cash and cash equivalents.

Restricted Cash

The Company's restricted cash includes deposits in collateral accounts with financial institutions, consumer deposits related to prepaid cards and checking account programs, and funds related to loan facilities disclosed in Note 5, "Variable Interest Entities".

The following table provides a reconciliation of cash and restricted cash to amounts reported within the Consolidated Balance Sheets (in thousands):

	December 31,
	2019		2018		2017
Cash and cash equivalents	$	75,242	$	61,175	$	153,483
Restricted cash (includes restricted cash of consolidated VIEs of $17,427 and $12,840 as of December 31, 2019 and 2018, respectively)	34,779		25,439		8,548
Total cash, cash equivalents and restricted cash from continuing operations	110,021		86,614		162,031
Cash and restricted cash from discontinued operations	—		13,243		12,460
Total cash, cash equivalents and restricted cash used in the Statements of Cash Flows	$	110,021	$	99,857	$	174,491

Consumer Loans Receivable

Consumer loans receivable are net of the allowance for loan losses and are comprised of Unsecured Installment, Secured Installment, Open-End and Single-Pay loans. Single-Pay loans are primarily comprised of payday loans and auto title loans. A payday loan transaction consists of providing a customer cash in exchange for the customer’s personal check or Automated Clearing House (“ACH”) authorization (in the aggregate amount of that cash plus a service fee), with an agreement to defer the presentment or deposit of that check or scheduled ACH withdrawal until the customer’s next payday, which is typically either two weeks or a month from the loan’s origination date. An auto title loan allows a customer to obtain a loan using the customer’s car as collateral for the loan, with a typical loan term of 30 days.

Unsecured Installment, Secured Installment and Open-End loans require periodic payments of principal and interest. Installment loans are fully amortized loans with a fixed payment amount due each period during the term of the loan. Open-End loans function much like a revolving line-of-credit, whereby the periodic payment is a set percentage of the customer’s outstanding loan balance, and there is no defined loan term. The loan terms for Installment loans can range up to 60 months, depending on state regulations. Installment and Open-End loans are offered as both Secured auto title loans and as Unsecured loan products. The product offerings differ by jurisdiction and are governed by the laws in each separate jurisdiction.

Current and Past-Due Loans Receivable

CURO classifies loans receivable as either current or past-due. Single-Pay loans are considered past-due if a customer misses a scheduled payment, at which point the loan is charged-off to the allowance for loan losses. If a customer misses a scheduled payment for Installment and Open-End loans, the entire customer balance is classified as past-due. Installment and Open-End loans are charged-off when the loan has been contractually past-due for 90 consecutive days. All Unsecured and Secured Installment loans were impacted by a change in accounting estimate in the first quarter of 2017, while Open-End loans were impacted by the Q1 2019 Open-End Loss Recognition. These changes in accounting estimates are discussed immediately below.

Q1 2019 Open-End Loss Recognition Change

Effective January 1, 2019, the Company modified the timeframe over which it charges-off Open-End loans and made related refinements to its loss provisioning methodology. Prior to January 1, 2019, the Company deemed Open-End loans uncollectible and charged-off when a customer missed a scheduled payment and the loan was considered past-due. Because of the continued shift to Open-End loans in Canada and analysis of payment patterns on early-stage versus late-stage delinquencies, the Company revised its estimates and now consider Open-End loans uncollectible when the loan has been contractually past-due for 90 consecutive days. Consequently, past-due Open-End loans and related accrued interest now remain in loans receivable for 90 days before being charged off against the allowance for loan losses. All recoveries on charged-off loans are credited to the allowance for loan losses. Quarterly, the Company evaluates the adequacy of the allowance for loan losses compared to the related gross loans receivable balances that include accrued interest.

The aforementioned change was treated as a change in accounting estimate for accounting purposes and applied prospectively beginning January 1, 2019, which the Company refers to throughout this Annual Report as the "Q1 2019 Open-End Loss Recognition Change".

The change affects comparability to prior periods as follows:

• Gross combined loans receivable: balances as of December 31, 2019 include $50.1 million of Open-End loans that are up to 90 days past-due with related accrued interest, while such balances for periods prior to March 31, 2019 do not include any past-due loans.

• Revenues: for the year ended December 31, 2019, gross revenues include interest earned on past-due loan balances of approximately $49 million, while revenues in prior-year periods do not include comparable amounts.

• Provision for Losses: prospectively from January 1, 2019, past-due, unpaid balances plus related accrued interest charge-off on day 91. Provision for losses is affected by NCOs (total charge-offs less total recoveries) plus changes to the Allowance for loan losses. Because NCOs prospectively include unpaid principal and up to 90 days of related accrued interest, NCO amounts and rates are higher and the Open-End Allowance for loan losses as a percentage of Open-End gross loans receivable is higher. The Open-End Allowance for loan losses as a percentage of Open-End gross loans receivable increased to 16.4% at December 31, 2019, compared to 9.6% at December 31, 2018.

For Single-Pay loans, past-due loans are charged-off upon payment default and typically do not return to current for any subsequent payment activity. For Installment and Open-End loans, customers with payment delinquency of 90 consecutive days are charged off. Charged-off loans are never returned to current or performing and all subsequent activity is accounted for within recoveries in the Allowance for loan losses. If a past-due Installment loan customer makes payments sufficient to bring the account current for principal plus all accrued interest or fees pursuant to the original terms of the loan contract before becoming 90 consecutive days past-due, the underlying loan balance returns to current classification.

Depending upon underlying state or provincial regulations, a borrower may be eligible for more than one outstanding loan.

Allowance for Loan Losses

The Company maintains an allowance for loan losses for loans and interest receivable at a level estimated to be adequate to absorb incurred losses based primarily on the Company's analysis of historical loss or charge-off rates for loans containing similar risk characteristics. The allowance for loan losses on the Company-Owned gross loans receivables reduces the outstanding gross loans receivables balance in the Consolidated Balance Sheets. The liability for estimated losses related to loans Guaranteed by the Company under CSO programs is reported in “Liability for losses on CSO lender-owned consumer loans” in the Consolidated Balance Sheets. Changes in either the allowance or the liability, net of charge-offs and recoveries, are recorded as “Provision for losses” in the Consolidated Statements of Operations.

In addition to an analysis of historical loss and charge-off rates, the Company also considers delinquency trends and any macro-economic conditions that it believes may affect portfolio losses. If a loan is deemed to be uncollectible before it is fully reserved based on received information (e.g., receipt of customer bankruptcy notice or death), the Company charges off such loan at that time. 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 impact management’s judgment on the overall adequacy of the allowance for loan losses. Any recoveries on loans previously charged to the allowance are credited to the allowance when collected.

Additionally, during the year ended December 31, 2018, the Company changed the estimated allowance for loan losses for Installment gross combined loans receivable. This was a prospective change in estimate affected by a change in accounting principle. Prior to the change in the estimate, the Company utilized historic collection experience by grouping accounts receivable aging for these products to assess losses inherent in the portfolio and incurred as of the balance sheet date. Given that the Company now has history on performance subsequent to the Q1 2017 Loss Recognition Change, the Company refined the estimation process to utilize charge-off and recovery rates and estimate losses inherent in the portfolio.

Credit Services Organization

Through the CSO programs, the Company acts as a CSO/credit access business ("CAB") on behalf of customers in accordance with applicable state laws. The Company currently offers loans through CSO programs in stores and online in the state of Texas. As a CSO, CURO earns revenue by charging the customer a fee ("CSO fee") for arranging an unrelated third-party to make a loan to that customer. When a customer executes an agreement with CURO under the CSO programs, the Company agrees, for a CSO fee payable to the Company by the customer, to provide certain services to the customer, one of which is to guarantee the customer’s obligation to repay the loan to the third-party lender. CSO fees are calculated based on the amount of the customer's outstanding loan. For CSO loans, each lender is responsible for providing the criteria by which the customer’s application is underwritten and, if approved, determining the amount of the customer loan. The Company is, in turn, responsible for assessing whether or not to guarantee the loan. This guarantee represents an obligation to purchase specific loans if they go in to default.

Prior to May 2019, the Company operated as a CSO in Ohio. In July 2018, the Ohio legislature passed House Bill 123 which significantly limited permissible fees and other terms on short term loans in Ohio. As a result, the Company stopped operating as a CSO in Ohio in April 2019.

CURO currently has relationships with three unaffiliated third-party lenders for CSO programs. The Company periodically evaluates the competitive terms of the unaffiliated third-party lender contracts and such evaluation may result in the transfer of volume and loan balances between lenders. The process does not require significant effort or resources outside the normal course of business and the Company believes the incremental cost of changing or acquiring new unaffiliated third-party lender relationships to be immaterial.

As of December 31,2019, the maximum amount guaranteed by the Company under CSO programs was $62.7 million, compared to $66.9 million at December 31, 2018. Should the Company be required to purchase any portion of the total amount of the loans guaranteed, the Company will attempt to recover some or all of the entire amount from the customers. CURO holds no collateral in respect of the guarantees.

CURO estimates a liability for losses associated with the guaranty provided to the CSO lenders using assumptions and methodologies similar to the allowance for loan losses, which is recognized for the consumer loans. The liability for incurred losses on CSO loans guaranteed by the Company was $10.6 million and $12.0 million at December 31,2019 and 2018, respectively.

CSO fees are calculated based on the amount of the customer’s outstanding loan. The Company complies with the applicable jurisdiction’s Credit Services Organization Act or a similar statue. These laws generally define the services that CURO can provide to consumers and require the Company to provide a contract to the customer outlining its services and related costs. For services provided under the CSO programs, the Company receives payments from customers on their scheduled loan repayment due dates. The CSO fee is earned ratably over the term of the loan as the customers make payments. If a loan is paid off early, no additional CSO fees are due or collected. The maximum CSO loan term is 180 days. During the years ended December 31,2019, 2018 and 2017, approximately 58.2%, 57.3% and 53.6%, respectively, of Unsecured Installment loans, and 54.3%, 54.5% and 53.6%, respectively, of Secured Installment loans originated under CSO programs were paid off prior to the original maturity date.

The Company placed $6.2 million and $17.2 million in collateral accounts for the benefit of lenders at December 31, 2019 and December 31, 2018, respectively, which is reflected in "Prepaid expenses and other" in the Consolidated Balance Sheets. The balances required to be maintained in these collateral accounts vary by lender, typically based on a percentage of the outstanding loan balances held by the lender. The percentage of outstanding loan balances required for collateral is negotiated between the Company and each such lender.

Since CSO loans are made by a third-party lender, they are not included in the Company's Consolidated Balance Sheets as loans receivable. CSO fees receivable are included in “Prepaid expense and other” in the Consolidated Balance Sheets. The Company receives cash from customers for these fees on their scheduled loan repayment due dates.

Income Taxes

The Company utilizes the asset and liability method of accounting for income taxes as set forth in ASC 740. Under the liability method, deferred taxes are determined based on the temporary differences between the financial statement and tax basis of assets and liabilities using tax rates expected to be in effect during the years in which the basis differences reverse. A valuation allowance is recorded when it is more likely than not that some of the deferred tax assets will not be realized. In determining the need for valuation allowances, the Company considers projected future taxable income and the availability of tax planning strategies. If in the future the Company determines that it would not be able to realize the recorded deferred tax assets, an increase in the valuation allowance would be recorded, decreasing earnings in the period in which such determination is made.

The Company is subject to income taxes throughout the U.S. and Canada and, prior to deconsolidation of the U.K. subsidiaries, in the U.K. The Company recognizes the financial statement benefits for uncertain tax positions as set forth in ASC 740 only if it is more-likely-than-not to be sustained in the event of challenges by relevant taxing authorities based on the technical merit of each tax position. The amounts of uncertain tax positions recognized are the largest benefits that have a greater than 50 percent likelihood of being realized upon settlement with the relevant tax authorities.

Variable Interest Entity

As part of the Company's funding strategy and efforts to support the liquidity from sources other than the traditional capital market sources, the Company established a securitization program through Non-Recourse U.S. and Canada SPV Facilities. The Company entered into the Non-Recourse Canada SPV Facility during the third quarter of 2018 and fully extinguished the Non-Recourse U.S. SPV Facility during the fourth quarter of 2018. The Company transferred certain consumer loan receivables to a wholly-owned, bankruptcy-remote special purpose subsidiary (“VIE”) that issues term notes backed by the underlying consumer loan receivables which are serviced by another wholly-owned subsidiary.

The Company has the ability to direct the activities of the VIE that most significantly impact the economic performance of the entities as the servicer of the securitized loan receivables. Additionally, CURO has the right to receive residual payments, which exposes the Company to the potential for significant losses and returns. Accordingly, the Company determined that they are the primary beneficiary of the VIE and are required to consolidate them. See Note 5, "Variable Interest Entities" for further discussion of the Company's VIEs.

Derivatives

As foreign currency exchange rates change, translation of the financial results of the Canadian operations into U.S. Dollars will be impacted. Operations in Canada represent a significant portion of total operations, and as a result, material changes in the currency exchange rates as between these two countries could have a significant impact on the Company's consolidated financial condition, results of operations or cash flows. From time-to-time, the Company may elect to purchase derivatives to hedge exposures that would qualify as a cash flow or fair value hedge. All other derivatives that are entered into for economic reasons are carried at fair value with the resulting change in fair value recorded the results of operations.

As of December 31, 2019 and 2018, the Company had $112.2 million and $107.5 million, respectively, in variable interest rate debt outstanding related to the Non-Recourse Canada SPV Facility. In August 2018, the Company entered into a four-year C$175.0 million interest rate cap agreement with the Royal Bank of Canada that capped the related three-month CDOR rate at 4.50% beginning in September 2018. During the year ended December 31, 2019 and 2018, the three-month CDOR rate did not exceed 4.50% and did not have any impact on the Company's Statement of Operations.

The Company records derivative instruments at fair value as either an asset or liability on the Consolidated Balance Sheet. Changes in the options intrinsic value, to the extent that they are effective as a hedge, are recorded in Other Comprehensive Income (Loss). For derivatives that qualify and have been designated as cash flow or fair value hedges for accounting purposes, the changes in fair value have no net impact on earnings, to the extent the derivative is considered perfectly effective in achieving offsetting changes in fair value or cash flows attributable to the risk being hedged, until the hedged item is recognized in earnings (commonly referred to as the “hedge accounting” method).

Property and Equipment

Property and equipment is carried at cost less accumulated depreciation and amortization, except for property and equipment accounted for as part of a business combination, which is carried at fair value as of the acquisition date less accumulated depreciation and amortization. Expenditures for significant additions and improvements are capitalized. Maintenance repairs and renewals, that do not materially add to the fixed asset's value or appreciably prolong its life, are charged to expense as incurred. Gains and losses on dispositions of property and equipment are included in results of operations.

The estimated useful lives for furniture, fixtures and equipment are five to seven years. The estimated useful lives for leasehold improvements are the shorter of the estimated useful life of the asset, or the term of the lease, and can vary from one year to 15 years. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the depreciable or amortizable assets.

Goodwill and Other Intangible Assets

Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination at the time of acquisition. In accordance with Accounting Standards Codification ("ASC") 350 Intangibles - Goodwill and Other ("ASC 350"), the Company performs impairment testing for goodwill and indefinite-lived intangible assets annually, as of October 1st, or whenever indicators of impairment exist. An impairment would occur if the carrying amount of a reporting unit exceeded the fair value of that reporting unit. These events or circumstances could include a significant change in the business climate, a change in strategic direction, legal factors, operating performance indicators, a change in the competitive environment, the sale or disposition of a significant portion of a reporting unit or economic outlook. The Company did not record any impairment losses on goodwill from continuing operations during the years ended December 31, 2019, 2018 and 2017.

Goodwill

The annual impairment review for goodwill consists of performing a qualitative assessment to determine whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount as a basis for determining whether or not further testing is required. The Company may elect to bypass the qualitative assessment and proceed directly to the two-step process, for any reporting unit, in any period. The Company can resume the qualitative assessment for any reporting unit in any subsequent period. If the Company determines, on the basis of qualitative factors, that it is more likely than not that the fair value of the reporting unit is less than the carrying amount, the Company will then apply a two-step process of (i) determining the fair value of the reporting unit and (ii) comparing it to the carrying value of the net assets allocated to the reporting unit. When performing the two-step process, if the fair value of the reporting unit exceeds it carrying value, no further analysis or write-down of goodwill is required. In the event the estimated fair value of a reporting unit is less than the carrying value, the Company would recognize an impairment loss equal to such excess, which could significantly and adversely impact reported results of operations and stockholders’ equity.

During the fourth quarter of 2019, the Company performed a quantitative assessment for the U.S. and Canada reporting units. Management concluded that the estimated fair values of these two reporting units were greater than their respective carrying values. As such, no further analysis was required for these reporting units. Refer to Note 4, "Goodwill and Intangibles" for further information.

During the fourth quarter of 2018, the Company performed the qualitative assessment for the U.S. and Canada reporting units. Management concluded that the estimated fair values of these two reporting units were greater than their respective carrying values. As such, no further analysis was required for these reporting units.

Other Intangible Assets

The Company's identifiable intangible assets, resulting from business combinations and internally developed capitalized software, consist of trade names, customer relationships and computer software.

The Company applied the guidance under ASC 350, to software that is purchased or internally developed. Under ASC 350, eligible internal and external costs incurred for the development of computer software applications, as well as for upgrades and enhancements that result in additional functionality of the applications, are capitalized to "Other Intangible Assets, net of accumulated amortization" in the Consolidated Balance Sheets. Internal and external training and maintenance costs are charged to expense as incurred or over the related service period. When a software application is placed in service, the Company begins amortizing the related capitalized software costs using the straight-line method over its estimated useful life, which ranges from three to 10 years.

The “Cash Money” trade name was determined to be an intangible asset with an indefinite life. Intangible assets with indefinite lives are not amortized, but instead are tested annually for impairment and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset might not be recoverable. Impairment of identifiable intangible assets with indefinite lives occurs when the fair value of the asset is less than its carrying amount. If deemed impaired, the asset’s carrying amount is reduced to its estimated fair value. No intangible impairments were recorded during the years ended December 31, 2019, 2018 or 2017. See Note 4, "Goodwill and Intangibles" for further information.

The Company's finite lived intangible assets are amortized over their estimated economic benefit period, generally from three to 10 years. The Company reviews the intangible assets for impairment annually in the fourth quarter or whenever events or changes in circumstances have indicated that the carrying amount of these assets might not be recoverable. If the Company were to determine that events and circumstances warrant a change to the estimate of an identifiable intangible asset’s remaining useful life, then the remaining carrying amount of the identifiable intangible asset would be amortized prospectively over that revised remaining useful life. Additionally, information resulting from the annual assessment, or other events and circumstances, may indicate that the carrying value of one or more identifiable intangible assets is not recoverable which would result in recognition of an impairment charge. There were no changes in events or circumstances related to the Company's continuing operations that caused the Company to review the finite lived intangible assets for impairment for the years ended December 31, 2019, 2018 or 2017. Additionally, no impairments were recorded during the years ended December 31, 2019, 2018 or 2017. See Note 4, "Goodwill and Intangibles" for further information.

Business Combination Accounting

CURO has acquired businesses in the past, and may acquire additional businesses in the future. Business combination accounting requires that the Company determines the fair value of all assets acquired, including identifiable intangible assets, liabilities assumed and contingent consideration issued in a business combination. The cost of the acquisition is allocated to these assets and liabilities in amounts equal to the estimated fair value of each asset and liability as of the acquisition date, and any remaining acquisition cost is classified as goodwill. This allocation process requires extensive use of estimates and assumptions, including estimates of future cash flows to be generated by the acquired assets. The Company engages third-party appraisal firms to assist in fair value determination when appropriate. The acquisitions may also include contingent consideration, or earn-out provisions, which provide for additional consideration to be paid to the seller if certain conditions are met in the future. These earn-out provisions are estimated and recognized at fair value at the acquisition date based on projected earnings or other financial metrics over specified future periods. These estimates are reviewed during each subsequent reporting period and adjusted based upon actual results. Acquisition-related costs for potential and completed acquisitions are expensed as incurred and included in "Corporate, district and other expenses" in the Consolidated Statements of Operations.

Goodwill is initially valued based on the excess of the purchase price of a business combination over the fair value of the acquired net assets recognized and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Intangible assets other than goodwill are initially valued at fair value. When appropriate, the Company utilizes independent valuation experts to advise and assist in determining the fair value of the identified intangible assets acquired in connection with a business acquisition and in determining appropriate amortization methods and periods for those intangible assets. Any contingent consideration included as part of the purchase is recognized at its fair value on the acquisition date.

Deferred Financing Costs

Deferred financing costs consist of debt issuance costs incurred in obtaining financing. These costs are presented in the Consolidated Balance Sheets as a direct reduction from the carrying amount of associated debt, consistent with discounts or premiums. The effective interest rate method is used to amortize the deferred financing costs over the life of the Senior Secured Notes and the straight-line method is used to amortize the deferred financing costs of the Non-Recourse SPV facilities. See Note 9, "Debt" for additional details on the Company's capital resources.

Fair Value Measurements

The Company determines fair value measurements of financial and non-financial assets and liabilities in accordance with FASB ASC 820, Fair Value Measurements and Disclosures. This guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (also referred to as an exit price). This guidance also establishes a framework for measuring fair value and expands disclosures about fair value measurements. The standard applies whenever other standards require (or permit) assets or liabilities to be measured at fair value. See Note 12, “Fair Value Measurements” for additional information.

Concentration Risk

Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of its loans receivable. Concentrations of credit risk with respect to loans receivable are limited due to the large number of customers comprising the Company's customer base.

Revenues originated in Texas, California and Ontario represented approximately 24.6%, 18.4%and13.6%, respectively, of the Company's consolidated revenues for the year ended December 31, 2019. Revenues originated in Texas, California and Ontario represented approximately 26.0%, 19.2% and 11.5%, respectively, of the Company's consolidated revenues for the year ended December 31, 2018.

To the extent that laws and regulations are passed that affect the manner in which the Company conducts business in any one of those markets, its financial condition, results of operations and cash flows could be adversely affected. Additionally, the Company's ability to meet its financial obligations could be negatively impacted.

The Company holds cash at major financial institutions that often exceed FDIC insured limits. The Company manages its concentration risk by placing cash deposits in high quality financial institutions and by periodically evaluating the credit quality of the financial institutions holding such deposits. Historically, the Company has not experienced any losses due to such cash concentration.

Operating Leases

The Company has entered into operating leases for store locations and corporate offices, some of which contain provisions for future rent increases or periods in which rent payments are reduced (abated). As of January 1, 2019, the Company adopted ASU 2016-02, Leases ("Topic 842") which requires leases to be recognized on the balance sheet with the present value of lease payments over the lease term at the commencement date to be expensed. See "Recently Adopted Accounting Pronouncements", below, and Note 17, "Leases" for required disclosures by Topic 842.

Prior to January 1, 2019, in accordance with US GAAP, the Company recorded monthly rent expense equal to the total of the payments due over the lease term, divided by the number of months of the lease term. The difference between rent expense recorded and the amount paid was charged to "Deferred rent" in the Consolidated Balance Sheets.

Cost of Providing Services

Salaries and Benefits—Salaries and benefits include personnel-related costs for store operations, including salaries, benefits and bonuses and are driven by the number of employees.

Occupancy—Occupancy and equipment includes rent expense for leased facilities, as well as depreciation, maintenance, insurance and utility expense.

Office—Office primarily includes expenses related to bank service charges and credit scoring charges at store locations.

Other Costs of Providing Services—The Company's other costs of providing services includes expenses related to operations such as processing fees, collections expense, security expense, taxes, repairs and professional fees incurred as part of store operations.

Advertising Costs—Advertising costs are expensed as incurred.

Operating Expense

Corporate, District and Other Expenses—include costs such as salaries and benefits associated with the corporate and district-level employees, as well as other corporate-related costs such as rent, insurance, professional fees, utilities, travel and entertainment expenses and depreciation expense. Other (income) and expense includes the foreign currency impact to the intercompany balances, gains or losses on foreign currency exchanges and disposals of fixed assets and other miscellaneous income and expense amounts.

Interest Expense—includes interest related to the Company's Senior Secured Notes, Non-Recourse SPV facilities and Senior Revolver.

Share-Based Compensation

CURO accounts for share-based compensation expense for awards to employees and directors at the estimated fair value on the grant date. The Company determines the fair value of stock option grants using the Black-Scholes option pricing model, which requires CURO to make several assumptions including, but not limited to, the risk-free interest rate and the expected volatility of publicly-traded stocks in the financial services industry. The expected option term is calculated using the average of the vesting period and the original contractual term. For restricted stock units ("RSUs"), the value of the award is calculated using the closing market price of the common stock on the grant date for time-based RSUs and using the Monte Carlo simulation pricing model for the market-based RSUs. The Company recognizes the estimated fair value of share-based awards as compensation expense on a straight-line basis over the vesting period. The Company accounts for forfeitures as they occur for all share-based awards.

In accordance with ASC 718, Compensation - Stock Compensation, the Company may choose, upon vesting of employees' RSUs, to return shares of common stock underlying the vested RSUs to the Company in satisfaction of employees' tax withholding obligations (collectively, "net-share settlements") rather than requiring shares of common stock to be sold on the open market to satisfy these tax withholding obligations. The total number of shares of common stock returned to the Company is based on the closing price of the Company's common stock on the applicable vesting date. These net-share settlements reduced the number of shares of common stock that would have otherwise been outstanding on the open market, and the cash CURO paid to satisfy the employee portion of the tax withholding obligations are reflected as a reduction to "Paid-in capital" in the Company's Consolidated Balance Sheets and Consolidated Statements of Changes in Equity.

Income Taxes

A deferred tax asset or liability is recognized for the anticipated future tax consequences of temporary differences between the tax basis of assets or liabilities and their reported amounts in the financial statements and for operating loss and tax credit carryforwards. A valuation allowance is provided when, in the opinion of management, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Realization of the deferred tax assets is dependent on the Company's ability to generate sufficient future taxable income and, if necessary, execution of tax planning strategies. In the event CURO determines that future taxable income, taking into consideration tax planning strategies, may not generate sufficient taxable income to fully realize net deferred tax assets, the Company may be required to establish or increase valuation allowances by a charge to income tax expense in the period such a determination is made, which may have a material impact on the Consolidated Statements of Operations. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which they expect those temporary differences to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date and it may have a material impact on the Consolidated Statements of Operations.

CURO follows accounting guidance which prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under this guidance, tax positions are initially recognized in the financial statements when it is more likely than not that the position will be sustained upon examination by the tax authorities. Such tax positions are initially and subsequently measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and all relevant facts. Application of this guidance requires numerous estimates based on available information. The Company considers many factors when evaluating and estimating tax positions and tax benefits, and the recognized tax positions and tax benefits may not accurately anticipate actual outcomes. As the Company obtains additional information, they may need to adjust the recognized tax positions and tax benefits. For additional information related to uncertain tax positions, see Note 11, "Income Taxes."

Foreign Currency Translation

The Canadian dollar is considered the functional currency for operations in Canada. All balance sheet accounts are translated into U.S. dollars ("USD") at the exchange rate in effect at each Balance Sheet date. The Statements of Operations are translated at the average rates of exchange during each period. The Company has determined that certain intercompany balances are long-term in nature, and therefore, currency translation adjustments related to those accounts are recorded as a component of "Accumulated other comprehensive (loss)" in the Statements of Stockholders' Equity. For intercompany balances that are settled on a regular basis, currency translation adjustments related to those accounts are recorded as a component of "Corporate, district and other expenses" in the Consolidated Statements of Operations.

Legal and Other Commitments and Contingencies

The Company is subject to litigation in the normal course of its business. The Company applies the provisions as defined in the guidance related to accounting for contingencies in determining the recognition and measurement of expense recognition associated with legal claims against the Company. Management uses guidance from internal and external legal counsel on the potential outcome of litigation in determining the need to record liabilities for potential losses and the disclosure of pending legal claims.

Advertising Costs

Advertising costs are expensed as incurred.

Recently Adopted Accounting Pronouncements

ASU 2016-02

In February 2016, the Financial Accounting Standards Board ("FASB") established Topic 842, Leases, by issuing ASU No. 2016-02, which requires lessees to recognize leases on the balance sheet and disclose key information about leasing arrangements. The Company adopted the standard as of January 1, 2019 using the modified retrospective method, also known as the transition relief method, permitted under ASU 2018-11, which allows companies to retain the comparative prior period presentation method in the period of adoption. The Company elected the package of practical expedients permitted under the transition guidance which, among other things, permits companies to not reassess prior conclusions on lease identification, lease classification and initial direct costs. Under the practical expedient package, the Company also elected to combine lease and non-lease components and to exclude short-term leases, defined as having an initial term of 12 months or less, from the Consolidated Balance Sheets. The Company did not elect the hindsight practical expedient.

As of December 31, 2019, the Company held right of use assets ("ROU assets") and operating lease liabilities ("lease liabilities") of $117.5 million and $125.0 million, respectively. Prepaid rent of $2.7 million and deferred rent of $10.9 million were included in ROU assets and lease liabilities, respectively, at the time of adoption.

See Note 17 - "Leases" for additional information and disclosures required by Topic 842.

ASU 2018-02

In February 2018, the 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"), which permits the reclassification to retained earnings of disproportionate tax effects in accumulated other comprehensive income (loss) caused by the Tax Cuts and Jobs Act of 2017 ("2017 Tax Act"). The Company adopted ASU 2018-02 as of January 1, 2019, which did not have a material impact on the Consolidated Financial Statements.

Recently Issued Accounting Pronouncements Not Yet Adopted

Accounting Pronouncements Related to the Current Expected Credit Loss ("CECL") Standard

ASU 2016-13

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” and subsequent amendments to the guidance: ASU 2018-19 in November 2018, ASU 2019-04 in April 2019, ASU 2019-05 in May 2019, and ASU 2019-10 and ASU 2019-11 in November 2019. The standard, as amended, changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard will replace the current “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. For available-for-sale debt securities, entities will be required to record allowances rather than reduce the carrying amount, as they currently do under the other-than-temporary impairment model. The standard also simplifies the accounting model for purchased credit-impaired debt securities and loans. The amendment will affect loans, debt securities, trade receivables, net investments in leases, off-balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2019-04 clarifies that equity instruments without readily determinable fair values for which an entity has elected the measurement alternative should be remeasured to fair value as of the date that an observable transaction occurred. ASU 2019-05 provides an option to irrevocably elect to measure certain individual financial assets at fair value instead of amortized cost. ASU 2019-10 amends the mandatory effective date for ASU 2016-13. The amendments are effective for fiscal years beginning after December 15, 2022 for entities that are eligible to be defined by the SEC as a SRC, for which the Company qualifies. ASU 2019-11 provides clarity and improves the codification to ASU 2016-13. The amendments should be applied on either a prospective transition or modified-retrospective approach depending on the subtopic. As issued, ASU 2016-13 is effective for annual periods beginning after December 15, 2019, and interim periods therein. Early adoption is permitted for annual periods beginning after December 15, 2018, and interim periods therein. The Company is evaluating its alternatives with respect to the available accounting methods under ASU 2016‑13, including the fair value option. If the fair value option is not utilized, adoption of ASU 2016-13 will increase the allowance for credit losses with a resulting negative adjustment to retained earnings on the date of adoption. The Company expects to defer the adoption of ASU 2016-13 until at least January 1, 2021 as permitted under ASU 2019-10. The Company is currently assessing the impact the adoption of ASU 2016-13 will have on the Consolidated Financial Statements.

ASU 2019-12

In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes,” (Topic 740). The ASU intends to simplify various aspects related to accounting for income taxes and removes certain exceptions to the general principles in the standard. Additionally, the ASU clarifies and amends existing guidance to improve consistent application of its requirements. The amendments of the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The adoption of ASU 2019-12 is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2018-15

In August 2018, the FASB issued ASU 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract (“ASU 2018-15”). ASU 2018-15 requires implementation costs incurred by customers in cloud computing arrangements to be deferred over the noncancellable term of the cloud computing arrangements plus any optional renewal periods (i) that are reasonably certain to be exercised by the customer or (ii) for which exercise of the renewal option is controlled by the cloud service provider. ASU 2018-15 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted. The standard can be adopted either using the prospective or retrospective transition approach. The Company is currently assessing the impact that adoption of ASU 2018-15 will have on the Consolidated Financial Statements.

ASU 2018-13

In August 2018, the FASB issued ASU No. 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which amends ASC 820, Fair Value Measurement. ASU 2018-13 modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The provisions of ASU 2018-13 are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods therein. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU 2018-13 and delay adoption of the additional disclosures until their effective date. The removed and modified disclosures will be adopted on a retrospective basis and the new disclosures will be adopted on a prospective basis. The adoption of ASU 2018-13 is not expected to have a material impact on the Consolidated Financial Statements.

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VARIABLE INTEREST ENTITIES

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES

In August 2018, the Company closed a second financing facility, the Non-Recourse Canada SPV facility, whereby certain loan receivables were sold to wholly-owned VIEs and additional debt was incurred through the ABL facility and the Non-Recourse Canada SPV facility that was collateralized by these underlying loan receivables (see Note 9, "Debt" for further discussion).

The Company has determined that they are the primary beneficiary of the VIEs and are required to consolidate them. The Company includes the assets and liabilities related to the VIEs in the Consolidated Financial Statements. As required, CURO parenthetically discloses on the 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 the Company's general credit.

The carrying amounts of consolidated VIEs' assets and liabilities associated with the Company's special purpose subsidiaries were as follows (in thousands):

	December 31, 2019		December 31, 2018
Assets
Restricted cash	$	17,427	$	12,840
Loans receivable less allowance for loan losses	220,067		136,187
Total Assets	$	237,494	$	149,027
Liabilities
Accounts payable and accrued liabilities	$	13,462	$	4,980
Deferred revenue	46		40
Accrued interest	871		831
Intercompany payable	69,639		44,330
Debt	112,221		107,479
Total Liabilities	$	196,239	$	157,660

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DEBT

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

DEBT

DEBT

Debt consisted of the following (in thousands):

	December 31,		December 31,
	2019		2018
8.25% Senior Secured Notes (due 2025)	$	678,323	$	676,661
Non-Recourse Canada SPV Facility	112,221		107,479
Senior Revolver	—		20,000
Debt	$	790,544	$	804,140

8.25% Senior Secured Notes

In August 2018, the Company issued $690.0 million of 8.25% Senior Secured Notes which mature on September 1, 2025 ("8.25% Senior Secured Notes"). Interest on the notes is payable semiannually, in arrears, on March 1 and September 1. In connection with the 8.25% Senior Secured Notes, the balance of capitalized financing costs of $11.7 million, net of amortization, is included in the Consolidated Balance Sheets as a component of "Debt." These costs are amortized over the term of the 8.25% Senior Secured Notes as a component of interest expense.

The proceeds of this issuance were used to (i) redeem the outstanding 12.00% Senior Secured Notes of CFTC, (ii) to repay a portion of the outstanding indebtedness under the five-year revolving credit facility of CURO Receivables Finance I, LLC, a wholly-owned subsidiary, which consisted of a term loan and revolving borrowing capacity, (iii) for general corporate purposes and (iv) to pay fees, expenses, premiums and accrued interest in connection therewith.

12.00% 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 ("12.00% Senior Secured Notes"). In connection with these 12.00% Senior Secured Notes, the Company capitalized financing costs of $18.3 million. These costs were amortized over the term of the 12.00% Senior Secured Notes as a component of interest expense.

On March 7, 2018, CFTC redeemed $77.5 million of its 12.00% Senior Secured Notes using a portion of the proceeds from the Company's IPO, as required by the underlying indentures (the transaction whereby the 12.00% Senior Secured Notes were partially redeemed, the “Redemption”), at a price equal to 112.00% of the principal amount of the 12.00% Senior Secured Notes redeemed, plus accrued and unpaid interest paid thereon, to the date of Redemption. The Redemption price and the amortization of the corresponding portion of the capitalized financing costs resulted in a loss on Redemption of $11.7 million for the three months ended March 31, 2018. Following the Redemption, $527.5 million of the original outstanding principal amount of the 12.00% Senior Secured Notes remained outstanding. The Redemption was conducted pursuant to the Indenture governing the 12.00% 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.

The remainder of the 12.00% Senior Secured Notes were extinguished effective September 7, 2018 using proceeds from the 8.25% Senior Secured Notes as described above. The early extinguishment of the 12.00% Senior Secured Notes resulted in a pretax loss of $69.2 million during the year ended December 31, 2018.

Non-Recourse Canada SPV Facility

On August 2, 2018, CURO Canada Receivables Limited Partnership, a newly created, bankruptcy-remote special purpose vehicle (the “Canada SPV Borrower”) and a wholly-owned subsidiary, entered into a four-year revolving credit facility with Waterfall Asset Management, LLC that provides for C$175.0 million of initial borrowing capacity and the ability to expand such capacity up to C $250.0 million (“Non-Recourse Canada SPV Facility”). The loans bear interest at an annual rate of 6.75% plus the three-month CDOR. The Canada SPV Borrower also pays a 0.50% per annum commitment fee on the unused portion of the commitments. In April 2019, the facility's maturity date was extended one year, to 2023.

As of December 31, 2019, outstanding borrowings under the Non-Recourse Canada SPV Facility were $112.2 million, net of deferred financing costs of $3.0 million. For further information on the Non-Recourse Canada SPV, refer to Note 5, "Variable Interest Entities."

Senior Revolver

On September 1, 2017, the Company entered into a $25.0 million Senior Secured Revolving Loan Facility (the “Senior Revolver”). The terms of the Senior Revolver generally conform to the related provisions in the Indenture dated February 15, 2017 for the 12.00% Senior Secured Notes and complements the Company's 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 12.00% Senior Secured Notes, based upon consolidated tangible assets. Additionally, in November 2018, the Senior Revolver capacity was increased to $50.0 million, as permitted by the Indenture to the 8.25% Senior Secured Notes. The Senior Revolver is now syndicated with participation by four banks.

Under the Senior Revolver, there is $50.0 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 current term expires June 30, 2020. The Senior Revolver accrues interest at the one-month LIBOR plus 5.00% (subject to a 5% overall minimum) and is repayable on demand.

The terms of the Senior Revolver require that its outstanding balance be zero for at least 30 consecutive days in each calendar year. The Senior Revolver is guaranteed by all subsidiaries that guarantee the Company's 8.25% 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 the Company's 8.25% Senior Secured Notes. Additionally, the negative covenants of the Senior Revolver generally conform to the related provisions in the Indenture for the 8.25% Senior Secured Notes. The revolver was undrawn at December 31, 2019.

The Senior Revolver contains various conditions to borrowing and affirmative, negative and financial maintenance covenants. Certain of the more significant covenants are (i) minimum eligible collateral value, (ii) consolidated interest coverage ratio and (iii) consolidated leverage ratio. The Senior Revolver also contains various events of default, the occurrence of which could result in termination of the lenders’ commitments to lend and the acceleration of all obligations under the Senior Revolver. 

Cash Money Revolving Credit Facility

Cash Money Cheque Cashing, Inc., a Canadian subsidiary ("Cash Money"), maintains a C$10 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 the Company's 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$10 million. As of December 31, 2019, the borrowing capacity under the Cash Money Revolving Credit Facility, which was C$9.9 million, net of C$0.1 million in outstanding 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 require, among other things, that the aggregate borrowings outstanding under the facility not exceed the borrowing base, as well as 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 December 31, 2019 and December 31, 2018.

Subordinated Stockholder Debt

As part of the acquisition of Cash Money in 2011, the Company received indemnification for certain claims through issuance of an escrow note to the seller, bearing interest at 10.0% per annum with quarterly interest payments. This note matured and was paid during the second quarter of 2019.

Non-Recourse U.S. SPV Facility

In November 2016, CURO Receivables Finance I, LLC and a wholly-owned subsidiary entered into a five-year revolving credit facility with Victory Park Management, LLC and certain other lenders that provides for an $80.0 million term loan and $70.0 million revolving borrowing capacity that could expand over time (collectively, “Non-Recourse U.S. SPV Facility”). Borrowings under this facility bore interest at an annual rate of up to 12.00% plus the greater of (i) 1.0% per annum and (ii) the three-month LIBOR. The Company also paid a 0.50% per annum fee on the unused portion of the commitments. In connection with this facility, the capitalized financing costs at the time of extinguishment, as discussed below, were $5.3 million, net of amortization. These capitalized financing costs were included in the Consolidated Balance Sheets as a component of "Debt" and were amortized over the term of the Non-Recourse U.S. SPV Facility.

On September 30, 2018, a portion of the proceeds from the 8.25% Senior Secured Notes were used to extinguish the revolver's balance of $42.4 million. In October 2018, the Company extinguished the remaining term loan balance of $80.0 million and made the final termination payment of $2.7 million, resulting in a loss on the extinguishment of debt of $9.7 million for the year ended December 31, 2018.

Ranking and Guarantees

The 8.25% Senior Secured Notes rank senior in right of payment to all of the Company and the Company's guarantor entities’ existing and future subordinated indebtedness and equal in right of payment with all of the Company and the Company's guarantor entities’ existing and future senior indebtedness, including borrowings under revolving credit facilities. Pursuant to the Inter-creditor Agreement, these notes and the guarantees will be effectively subordinated to credit facilities and certain other indebtedness to the extent of the value of the assets securing such indebtedness and to liabilities of subsidiaries that are not guarantors.

The 8.25% Senior Secured Notes are secured by liens on substantially all of the Company's and the guarantors’ assets, subject to certain exceptions. At any time prior to September 1, 2021, the Company may redeem (i) up to 40% of the aggregate principal amount of the notes at a price equal to 108.2% of the principal amount, plus accrued and unpaid interest, if any, to the applicable redemption date with the net proceeds to the Company of certain equity offerings; and (ii) some or all of the notes at a make-whole price. On or after September 1, 2021, the Company may redeem some or all of the Notes at a premium that will decrease over time, plus accrued and unpaid interest, if any, to the applicable date of redemption. The redemption price for the notes if redeemed during the 12 months beginning (i) September 1, 2021 is 104.1%, (ii) September 1, 2022 is 102.1% and (iii) on or after September 1, 2023 is 100.0%.

Future Maturities of Debt

Annual maturities of outstanding debt for each of the five years after December 31, 2019 are as follows (in thousands):

	Amount
2020	$	—
2021	—
2022	38,414
2023	76,829
2024	—
Thereafter	690,000
Debt (before deferred financing costs and discounts)	805,243
Less: deferred financing costs and discounts	14,699
Debt, net	$	790,544

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INCOME TAXES - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income (loss) before taxes:
U.S. tax jurisdictions	$ 119,241	$ 16,759	$ 67,771
Non-U.S. tax jurisdictions	23,214	1,359	34,485
Income from continuing operations before income taxes	142,455	18,118	102,256
Current tax provision (benefit)
Federal	3,160	(7,983)	19,935
State	395	(1,518)	2,409
Foreign	930	7,748	10,542
Total current provision (benefit)	4,485	(1,753)	32,886
Deferred tax provision (benefit)
Federal	22,978	7,471	6,283
State	5,145	631	2,647
Foreign	5,949	(4,690)	(169)
Total deferred tax provision (benefit)	34,072	3,412	8,761
Total provision for income taxes	$ 38,557	$ 1,659	$ 41,647

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DEBT - Senior Revolver (Details)	1 Months Ended
	Nov. 30, 2018 USD ($)	Aug. 31, 2018	Nov. 30, 2016	Dec. 31, 2019 lender	Nov. 02, 2018	Sep. 30, 2018	Feb. 28, 2018 USD ($)	Nov. 30, 2017	Sep. 01, 2017 USD ($)
8.25% Senior Notes Due 2025
Debt Instrument [Line Items]
Stated interest rate				8.25%
Line of Credit | Senior Revolver | Minimum
Debt Instrument [Line Items]
Interest rate			5.00%
Line of Credit | Senior Revolver | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread			5.00%
Line of Credit | Revolving Credit Facility | Senior Revolver
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 50,000,000						$ 29,000,000.0		$ 25,000,000.0
Number of banks participating in syndicated credit facility | lender				4
Outstanding balance requirement for calendar year	$ 0
Number of days to maintain outstanding balance requirement	30 days
Line of Credit | Letter of Credit | Senior Revolver
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5,000,000
Debt instrument, term	1 year
Senior Notes | 8.25% Senior Notes Due 2025
Debt Instrument [Line Items]
Stated interest rate		8.25%		8.25%		8.25%
Debt instrument, term		5 years
Senior Notes | 12.00% Senior Secured Notes
Debt Instrument [Line Items]
Stated interest rate				12.00%	12.00%			12.00%

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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Trade accounts payable	$ 25,972	$ 24,463
Money orders payable	4,805	7,822
Accrued taxes, other than income taxes	295	944
Accrued payroll and fringe benefits	24,837	14,518
Other accrued liabilities	4,174	1,399
Total accounts payable and accrued liabilities	$ 60,083	$ 49,146

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SHARE-BASED COMPENSATION - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Nov. 08, 2017	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants in period (in shares)	0	0	99,396
Share-based compensation expense	$ 10,323	$ 8,210	$ 965
Unrecognized compensation costs	$ 13,100
Compensation cost not yet recognized, period for recognition	1 year 7 months 6 days
2010 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)					2,160,000
2017 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)				5,000,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights (as percent)	20.00%
Vesting period	5 years
Term of award	10 years
Expected volatility (as percent)			45.30%
Expected term			6 years 1 month 6 days
Risk-free interest rate (as percent)			2.20%
Expected dividend yield (as percent)			0.00%
Time-Based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs	$ 10,300
Market-Based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Unrecognized compensation costs	$ 2,500

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DEBT - Subordinated Stockholder Debt (Details)	Dec. 31, 2011
Subordinated Debt | Subordinated Stockholder Debt
Debt Instrument [Line Items]
Stated interest rate	10.00%

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LOANS RECEIVABLE AND REVENUE - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 73,997	$ 64,127
Charge-offs	(474,460)	(472,364)
Recoveries	165,873	190,394
Net charge-offs	(308,587)	(281,970)
Provision for losses	340,624	293,327
Effect of foreign currency translation	801	(1,487)
Balance, end of period	$ 106,835	$ 73,997
Credit Concentration Risk
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Concentration risk, percentage	16.00%	12.90%
Consumer Portfolio Segment | Single-Pay
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 4,189	$ 5,204
Charge-offs	(155,250)	(164,342)
Recoveries	109,124	115,118
Net charge-offs	(46,126)	(49,224)
Provision for losses	47,739	48,575
Effect of foreign currency translation	67	(366)
Balance, end of period	$ 5,869	$ 4,189
Consumer Portfolio Segment | Single-Pay | Allowance For Loan Losses | Credit Concentration Risk
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Concentration risk, percentage	7.20%	5.20%
Consumer Portfolio Segment | Unsecured Installment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 37,716	$ 39,025
Charge-offs	(158,251)	(141,963)
Recoveries	23,660	20,175
Net charge-offs	(134,591)	(121,788)
Provision for losses	132,433	120,469
Effect of foreign currency translation	29	10
Balance, end of period	$ 35,587	$ 37,716
Consumer Portfolio Segment | Unsecured Installment | Allowance For Loan Losses | Credit Concentration Risk
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Concentration risk, percentage	22.10%	19.80%
Consumer Portfolio Segment | Secured Installment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 12,191	$ 13,472
Charge-offs	(47,195)	(46,996)
Recoveries	10,744	10,041
Net charge-offs	(36,451)	(36,955)
Provision for losses	34,565	35,674
Effect of foreign currency translation	0	0
Balance, end of period	$ 10,305	$ 12,191
Consumer Portfolio Segment | Secured Installment | Credit Concentration Risk
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Concentration risk, percentage	11.70%	13.10%
Consumer Portfolio Segment | Open-End
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 19,901	$ 6,426
Charge-offs	(108,319)	(113,150)
Recoveries	19,061	41,457
Net charge-offs	(89,258)	(71,693)
Provision for losses	123,726	86,299
Effect of foreign currency translation	705	(1,131)
Balance, end of period	$ 55,074	$ 19,901
Consumer Portfolio Segment | Open-End | Credit Concentration Risk
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Concentration risk, percentage	16.40%	9.60%
Consumer Portfolio Segment | Open-End | Allowance For Loan Losses | Credit Concentration Risk
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Concentration risk, percentage	16.40%	9.60%
Consumer Portfolio Segment | Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 0	$ 0
Charge-offs	(5,445)	(5,913)
Recoveries	3,284	3,603
Net charge-offs	(2,161)	(2,310)
Provision for losses	2,161	2,310
Effect of foreign currency translation	0	0
Balance, end of period	$ 0	$ 0

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LEASES - Summary of Operating Lease Costs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 33,943
Third-Party
Lessee, Lease, Description [Line Items]
Operating lease cost	30,479
Related-Party
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 3,464

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SHARE REPURCHASE PROGRAM (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of Share Repurchase Program

The table below summarizes share repurchase activity during the year ended December 31, 2019 (in thousands, except for per share amounts and number of share amounts):

	Year Ended December 31, 2019
Total number of shares repurchased	3,614,541
Average price paid per share	$	12.52
Total value of shares repurchased	$	45,241
Total authorized repurchase amount for the period presented	$	50,000
Total value of shares repurchased	45,241
Total remaining authorized repurchase amount	$	4,759

The Company completed the $50.0 million share repurchase program announced in April 2019 by repurchasing 455,255 remaining shares between January 1, 2020 through February 5, 2020, as disclosed below (in thousands, except per share and number of share amounts):

	January 1 - February 5
	2020
Total number of shares repurchased	455,255
Average price paid per share	$	10.45
Total value of shares repurchased	$	4,759

On February 5, 2020, the Company's Board of Directors announced the authorization of a new share repurchase program for up to $25.0 million of its common stock. The share repurchase program will continue until completed or terminated. Under the program, shares may be repurchased in the open market or in privately negotiated transactions at times and amounts considered appropriate by CURO. The Company repurchased 51,302 shares between February 24, 2020 through March 6, 2020 (in thousands, except per share amounts and number of share amounts):

	February 24 - March 6
	2020
Total number of shares repurchased	51,302
Average price paid per share	$	9.75
Total value of shares repurchased	$	500

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BENEFIT PLANS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Deferred compensation plan, vesting period of employer contributions	3 years
Amount of deferred compensation plan liability	$ 4.7	$ 3.6	$ 3.3
Registered Retirement Savings Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percent of employer's match (as percent)	50.00%
Percent of employees compensation (as percent)	6.00%
Contributions	$ 0.3	0.2	0.2
401(k) Retirement Savings Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percent of employer's match (as percent)	50.00%
Percent of employees compensation (as percent)	6.00%
Vesting rights (as percent)	33.33%
Contributions	$ 1.5	$ 1.4	$ 1.3
Maximum employee contribution (as percent)	90.00%
2018 Employee Stock Purchase Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of shares authorized (in shares)	2,500,000
After One Year | Registered Retirement Savings Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Vesting rights (as percent)	50.00%
After Two Years | Registered Retirement Savings Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Vesting rights (as percent)	100.00%

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PREPAID EXPENSES AND OTHER (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Settlements and collateral due from third-party lenders	$ 6,156	$ 17,205
Fees receivable from customers under CSO programs	14,564	13,771
Prepaid expenses	4,546	6,456
Other assets	10,624	6,156
Total prepaid expenses and other	$ 35,890	$ 43,588

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GOODWILL AND INTANGIBLES - Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount	$ 57,667	$ 63,700
Accumulated Amortization	(23,740)	(33,916)
Net	33,927	29,784
Trade name
Schedule of Intangible Assets [Line Items]
Carrying value of indefinite-lived intangible asset	$ 22,357	21,350
Customer relationships
Schedule of Intangible Assets [Line Items]
Weighted-Average Remaining Life	0 years
Gross Carrying Amount	$ 8,982	18,299
Accumulated Amortization	(8,982)	(17,643)
Net	$ 0	656
Computer software
Schedule of Intangible Assets [Line Items]
Weighted-Average Remaining Life	9 years 2 months 12 days
Gross Carrying Amount	$ 26,328	24,051
Accumulated Amortization	(14,758)	(16,273)
Net	$ 11,570	$ 7,778

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax effect	$ 0	$ 0	$ 0

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INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Net current deferred tax assets	$ 5,055	$ 1,534
Net long-term deferred tax liabilities	(4,452)	(13,730)
Net deferred tax liabilities	$ 603
Net deferred tax liabilities		$ (12,196)

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CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 75,242	$ 61,175
Restricted cash (includes restricted cash of consolidated VIEs of $17,427 and $12,840 as of December 31, 2019 and 2018, respectively)	34,779	25,439
Gross loans receivable (includes loans of consolidated VIEs of $244,492 and $148,876 as of December 31, 2019 and 2018, respectively)	665,828	571,531
Less: allowance for loan losses (includes allowance for losses of consolidated VIEs of $24,425 and $12,688 as of December 31, 2019 and 2018, respectively)	(106,835)	(73,997)
Loans receivable, net	558,993	497,534
Right of use asset - operating leases (Note 1 and Note 17)	117,453
Deferred tax assets	5,055	1,534
Income taxes receivable	11,426	16,741
Prepaid expenses and other	35,890	43,588
Property and equipment, net	70,811	76,750
Goodwill	120,609	119,281
Other intangibles assets, net	33,927	29,784
Other	17,710	12,930
Assets from discontinued operations (Note 22)	0	34,861
Total Assets	1,081,895	919,617
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities (includes accounts payable and accrued liabilities of consolidated VIEs of $13,462 and $4,980 as of December 31, 2019 and 2018, respectively)	60,083	49,146
Deferred revenue	10,170	9,483
Lease liability - operating leases (Note 1 and Note 17)	124,999
Income taxes payable	0	1,579
Accrued interest (includes accrued interest of consolidated VIEs of $871 and $831 as of December 31, 2019 and 2018, respectively)	19,847	20,904
Liability for losses on CSO lender-owned consumer loans	10,623	12,007
Deferred rent	0	10,851
Debt (includes debt and issuance costs of consolidated VIEs of $115,243 and $3,022 and $111,335 and $3,856 as of December 31, 2019 and 2018, respectively)	790,544	804,140
Subordinated stockholder debt	0	2,196
Other long-term liabilities	10,664	5,800
Deferred tax liabilities	4,452	13,730
Liabilities from discontinued operations (Note 22)	0	8,882
Total Liabilities	1,031,382	938,718
Commitments and contingencies (Note 16)
Stockholders' Equity
Preferred stock - $0.001 par value; 25,000,000 shares authorized; no shares were issued	0	0
Common stock - $0.001 par value; 225,000,000 shares authorized; 46,770,765 and 46,412,231 shares issued; and 41,156,224 and 46,412,231 shares outstanding at the respective period ends	9	9
Treasury stock, at cost - 5,614,541 as of December 31, 2019	(72,343)	0
Paid-in capital	68,087	60,015
Retained earnings (accumulated deficit)	93,423	(18,065)
Accumulated other comprehensive loss	(38,663)	(61,060)
Total Stockholders' Equity (Deficit)	50,513	(19,101)
Total Liabilities and Stockholders' Equity (Deficit)	$ 1,081,895	$ 919,617

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FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2019	Sep. 30, 2018	Aug. 31, 2018
8.25% Senior Notes Due 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate		8.25%
8.25% Senior Notes Due 2025 | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate		8.25%	8.25%	8.25%
Katapult
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loss on investment	$ 3.7	$ 2.5
Ownership percentage	43.80%	43.80%

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LOANS RECEIVABLE AND REVENUE - Revenue by Product (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue from External Customer [Line Items]
Revenue	$ 302,294	$ 297,264	$ 264,300	$ 277,939	$ 287,579	$ 269,482	$ 237,169	$ 250,843	$ 1,141,797	$ 1,045,073	$ 924,137
Consumer Portfolio Segment | Unsecured Installment
Revenue from External Customer [Line Items]
Revenue									530,730	523,282	454,758
Consumer Portfolio Segment | Secured Installment
Revenue from External Customer [Line Items]
Revenue									110,513	110,677	100,981
Consumer Portfolio Segment | Open-End
Revenue from External Customer [Line Items]
Revenue									245,256	141,963	73,496
Consumer Portfolio Segment | Single-Pay
Revenue from External Customer [Line Items]
Revenue									191,449	218,992	255,170
Ancillary
Revenue from External Customer [Line Items]
Revenue									63,849	50,159	39,732
Credit Services Organization Programs
Revenue from External Customer [Line Items]
Revenue									$ 289,300	$ 291,500	$ 265,200

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LOANS RECEIVABLE AND REVENUE - Delinquent Loans, Credit Services Organization - Aging Analysis (Details) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	$ 12,869	$ 12,154
0-30 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	10,718	10,053
31-60 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	1,296	1,303
61 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	855	798
Consumer Portfolio Segment | Unsecured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	12,477	11,708
Consumer Portfolio Segment | Unsecured Installment | 0-30 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	10,392	9,684
Consumer Portfolio Segment | Unsecured Installment | 31-60 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	1,256	1,255
Consumer Portfolio Segment | Unsecured Installment | 61 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	829	769
Consumer Portfolio Segment | Secured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	392	446
Consumer Portfolio Segment | Secured Installment | 0-30 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	326	369
Consumer Portfolio Segment | Secured Installment | 31-60 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	40	48
Consumer Portfolio Segment | Secured Installment | 61 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	$ 26	$ 29

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SEGMENT REPORTING - Summary of Financial Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 302,294	$ 297,264	$ 264,300	$ 277,939	$ 287,579	$ 269,482	$ 237,169	$ 250,843	$ 1,141,797	$ 1,045,073	$ 924,137
Net revenues	172,005	173,397	152,290	175,554	156,901	141,790	150,822	173,960	673,246	623,473	611,571
Consolidated gross margin	95,299	$ 96,639	$ 81,181	$ 105,497	81,682	$ 60,594	$ 77,348	$ 105,846	378,616	325,470	335,165
Consolidated operating profit									142,455	18,118	102,256
Consolidated expenditures for long-lived assets									14,612	14,033	8,717
Total gross loans receivable	665,828				571,531				665,828	571,531
U.S.
Segment Reporting Information [Line Items]
Revenues									913,506	853,141	737,729
Net revenues									521,401	504,530	470,238
Consolidated gross margin									302,952	284,828	267,215
Consolidated operating profit									99,152	1,117	51,459
Consolidated expenditures for long-lived assets									12,733	11,105	7,406
Total gross loans receivable	363,453				361,473				363,453	361,473
Canada
Segment Reporting Information [Line Items]
Revenues									228,291	191,932	186,408
Net revenues									151,845	118,943	141,333
Consolidated gross margin									75,664	40,642	67,950
Consolidated operating profit									43,303	17,001	50,797
Consolidated expenditures for long-lived assets									1,879	2,928	$ 1,311
Total gross loans receivable	$ 302,375				$ 210,058				$ 302,375	$ 210,058

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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Not Measured At Fair Value

The table below presents the assets and liabilities that were not carried at fair value on the Consolidated Balance Sheets at December 31, 2019 (in thousands).

			Estimated Fair Value
	Carrying Value December 31, 2019		Level 1		Level 2		Level 3		December 31, 2019
Financial assets:
Cash	$	75,242	$	75,242	$	—	$	—	$	75,242
Restricted cash	34,779		34,779		—		—		34,779
Loans receivable, net	558,993		—		—		558,993		558,993
Equity method investment	10,068		—		—		10,068		10,068
Financial liabilities:
Liability for losses on CSO lender-owned consumer loans	$	10,623	$	—	$	—	$	10,623	$	10,623
8.25% Senior Secured Notes	678,323		—		596,924		—		596,924
Non-Recourse Canada SPV facility	112,221		—		—		115,243		115,243

The table below presents the assets and liabilities that were not carried at fair value on the Consolidated Balance Sheets at December 31, 2018 (in thousands).

			Estimated Fair Value
	Carrying Value December 31, 2018		Level 1		Level 2		Level 3		December 31, 2018
Financial assets:
Cash	$	61,175	$	61,175	$	—	$	—	$	61,175
Restricted cash	25,439		25,439		—		—		25,439
Loans receivable, net	497,534		—		—		497,534		497,534
Equity method investment	6,558		—		—		6,558		6,558
Financial liabilities:
Liability for losses on CSO lender-owned consumer loans	$	12,007	$	—	$	—	$	12,007	$	12,007
8.25% Senior Secured Notes	676,661		—		531,179		—		531,179
Non-Recourse Canada SPV facility	107,479		—		—		111,335		111,335
Senior Revolver	20,000		—		—		20,000		20,000

The table below presents the assets and liabilities that were carried at fair value on the Consolidated Balance Sheets at December 31, 2019 (in thousands):

			Estimated Fair Value
	Carrying Value December 31, 2019		Level 1		Level 2		Level 3		Total
Financial assets:
Cash Surrender Value of Life Insurance	$	6,171	$	6,171	$	—	$	—	$	6,171
Financial liabilities:
Non-qualified deferred compensation plan	$	4,666	$	4,666	$	—	$	—	$	4,666

The table below presents the assets and liabilities that were carried at fair value on the Consolidated Balance Sheets at December 31, 2018 (in thousands):

			Estimated Fair Value
	Carrying Value December 31, 2018		Level 1		Level 2		Level 3		Total
Financial assets:
Cash Surrender Value of Life Insurance	$	4,790	$	4,790	$	—	$	—	$	4,790
Financial liabilities:(1)
Non-qualified deferred compensation plan	$	3,639	$	3,639	$	—	$	—	$	3,639

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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Components of Accounts Payable and Accrued Liabilities

Components of Accounts payable and accrued liabilities were as follows (in thousands):

	December 31,		December 31,
	2019		2018
Trade accounts payable	$	25,972	$	24,463
Money orders payable	4,805		7,822
Accrued taxes, other than income taxes	295		944
Accrued payroll and fringe benefits	24,837		14,518
Other accrued liabilities	4,174		1,399
Total accounts payable and accrued liabilities	$	60,083	$	49,146

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SHARE REPURCHASE PROGRAM (Details) - USD ($)		1 Months Ended			12 Months Ended
		Mar. 06, 2020	Feb. 05, 2020	Aug. 31, 2019	Dec. 31, 2019	Apr. 30, 2019	Dec. 31, 2018	Dec. 11, 2017
Equity, Class of Treasury Stock [Line Items]
Total value of shares repurchased	[1]				$ 72,343,000
Common stock, par value (in usd per share)					$ 0.001		$ 0.001	$ 0.001
Repurchase Program, 2019
Equity, Class of Treasury Stock [Line Items]
Total authorized repurchase amount for the period presented					$ 50,000,000	$ 50,000,000.0
Total number of shares repurchased (in shares)					3,614,541
Average price paid per share (in dollars per share)					$ 12.52
Total value of shares repurchased					$ 45,241,000
Remaining authorized repurchase amount					$ 4,759,000
Share Repurchase Agreement with FFL | Affiliated Entity
Equity, Class of Treasury Stock [Line Items]
Total number of shares repurchased (in shares)				2,000,000
Average price paid per share (in dollars per share)				$ 13.55
Common stock, par value (in usd per share)				$ 0.001
Subsequent event
Equity, Class of Treasury Stock [Line Items]
Total number of shares repurchased (in shares)			455,255
Subsequent event | Repurchase Program, 2019
Equity, Class of Treasury Stock [Line Items]
Total number of shares repurchased (in shares)			455,255
Average price paid per share (in dollars per share)			$ 10.45
Total value of shares repurchased			$ 4,759,000
Subsequent event | Repurchase Program, 2020
Equity, Class of Treasury Stock [Line Items]
Total authorized repurchase amount for the period presented			$ 25,000,000.0
Total number of shares repurchased (in shares)		51,302
Average price paid per share (in dollars per share)		$ 9.75
Total value of shares repurchased		$ 500,000

[1] Includes the repurchase of 2,000,000 shares of common stock from FFL for $13.55 per share. See Note 23 - "Share Repurchase Program" for additional information.

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STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2019

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

In connection with the completion of its IPO in 2017, the Company entered into the Amended and Restated Investors Rights Agreement with certain of its existing stockholders, including the original founders of the Company ("Founder Holders") and Freidman Fleisher & Lowe Capital Partners II, L.P. and its affiliated funds, (collectively, the “FFL Funds”), whom the Company collectively refers to as the "principal holders." Pursuant to this Amended and Restated Investors Rights Agreement, the Company agreed to register the sale of shares of its common stock held by the principal holders under certain circumstances.

On December 6, 2017 the Company effected a 36-for-1 split of its common stock, and on December 11, 2017, the Company increased the authorized number of shares of its common stock to 250 million, consisting of 225 million shares of common stock, with a par value of $0.001 per share, and 25 million shares of preferred stock, with a par value of $0.001 per share. All share and per share data have been retroactively adjusted for all periods presented to reflect the stock split as if the stock split had occurred at the beginning of the earliest period presented.

The Company completed its IPO of 6,666,667 shares of common stock on December 11, 2017, at a price of $14.00 per share, which provided net proceeds of $81.1 million. On December 7, 2017, the Company's stock began trading on the New York Stock Exchange ("NYSE") under the symbol "CURO." On January 5, 2018, the underwriters exercised their option to purchase additional shares at the IPO price, less the underwriting discount, which provided additional proceeds of $13.1 million.

On March 7, 2018, the Company used a portion of the IPO net proceeds to redeem $77.5 million of the 12.00% Senior Secured Notes due 2022, together with related fees, expenses, premiums and accrued interest.

In February 2017, CFTC paid the Company a $130.1 million dividend to fund the redemption of the 12.00% Senior Cash Pay Notes. The Company paid dividends to its stockholders of $28.0 million in May 2017, $8.5 million in August 2017 and $5.5 million in October 2017. In connection with the issuance of $135.0 million of additional 12.00% Senior Secured Notes on November 2, 2017, CFTC paid a cash dividend in the amount of $140.0 million to us, and the Company declared a dividend of $140.0 million, which was paid to its stockholders on November 2, 2017.

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LEASES

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

LEASES

Operating leases entered into by the Company are primarily for retail stores in certain U.S. states and Canadian provinces. Leases classified as finance are immaterial to the Company as of December 31, 2019. Operating leases expire at various times through 2030. The Company determines if an arrangement is a lease at inception. Operating leases are included in "Right of use asset - operating leases" and "Lease liability - operating leases" on the Consolidated Balance Sheets.

Typically, a contract is or contains a lease if it conveys the right to control the use of an identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. To determine whether a contract conveys the right to control the use of an identified asset for a period of time, an entity shall assess whether, throughout the period of use, the customer has both (a) the right to obtain substantially all of the economic benefits from use of the identified asset and (b) the right to direct the use of the identified asset. If the customer has the right to control the use of an identified asset for only a portion of the term of the contract, the contract contains a lease for that portion of the term.

The Company recognizes ROU assets and lease liabilities based on the present value of lease payments over the lease term at commencement date. The rate implicit in the Company's leases typically are not readily determinable. As a result, the Company uses its estimated incremental borrowing rate, as allowed by ASC 842, in determining the present value of lease payments. The incremental borrowing rate is based on internal and external information available at the lease commencement date and is determined using a portfolio approach (i.e. using the weighted average terms of all leases in the Company's portfolio). This rate is the theoretical rate the Company would pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term as that of the portfolio.

The Company uses quoted interest rates obtained from financial institutions as an input, adjusted for Company specific factors, to derive the incremental borrowing rate as the discount rate for the leases. As new leases are added each period, the Company evaluates whether the incremental borrowing rate has changed. If the incremental borrowing rate has changed, the Company will apply the rate to new leases if not doing so would result in a material difference to the ROU asset and lease liability presented on the balance sheet.

The majority of the leases have an original term of five years with twofive-year renewal options. The consumer price index is used in determining future lease payments and for purposes of calculating operating lease liabilities, lease terms include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Most of the leases have escalation clauses and certain leases also require payment of period costs, including maintenance, insurance and property taxes. Some of the leases are with related parties and have terms similar to the non-related party leases. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The following table summarizes the operating lease costs for the year ended December 31, 2019 (in thousands):

	Year Ended December 31, 2019
Operating lease costs:
Third-Party	$	30,479
Related-Party	3,464
Total (1)	$	33,943
(1) Includes immaterial variable lease costs.

During the year ended December 31, 2019, cash paid for amounts included in the measurement of the liabilities and the operating cash flows were $34.9 million. ROU assets obtained in exchange for lease liabilities were $15.8 million.

The following table summarizes the aggregate operating lease maturities that the Company is contractually obligated to make under operating leases as of December 31, 2019 (in thousands):

	Third-Party			Related-Party			Total
2020	$	30,965		$	3,754		$	34,719
2021	27,520			3,773			31,293
2022	24,497			3,667			28,164
2023	19,574			1,322			20,896
2024	14,657			967			15,624
Thereafter	36,170			3,536			39,706
Total	153,383			17,019			170,402
Less: Imputed interest	(41,237		)	(4,167		)	(45,404		)
Operating lease liabilities	$	112,146		$	12,852		$	124,998

There are no material leases subsequent to the balance sheet date.

As of December 31, 2019, the weighted average remaining lease term was 6.1 years, and the weighted average operating discount rate used to determine the operating lease liability remained 10.3%. The discount rates applied to each lease reflect the Company's estimated incremental borrowing rate. This includes an assessment of our credit position to determine the rate that the Company would have to pay to borrow, on a collateralized basis for similar terms.

In accordance with the prior guidance, ASC 840, Leases, the future minimum lease payments by fiscal year as determined prior to the adoption of ASC 842, Leases, as disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, were as follows (in thousands):

	Third Party		Related Party		Total
2019	$	24,211	$	3,330	$	27,541
2020	20,547		3,285		23,832
2021	17,301		3,324		20,625
2022	14,558		3,322		17,880
2023	10,269		705		10,974
Thereafter	13,446		730		14,176
Total (1)	$	100,332	$	14,696	$	115,028
(1) Future minimum lease payments exclude the U.K. as all U.K. subsidiaries were placed into administration effective February 25, 2019.

Rent expense on unrelated third-party leases for the years ended December 31, 2018 and 2017 was $22.4 million and $22.1 million, respectively; and for related party leases was $3.5 million and $3.3 million, respectively.

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LOANS RECEIVABLE AND REVENUE - Loans Receivable by Product, Credit Services Organization (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Current loans receivable guaranteed by the Company	$ 63,784	$ 68,247
Delinquent loans receivable guaranteed by the Company	12,869	12,154
Total loans receivable guaranteed by the Company	76,653	80,401
Less: Liability for losses on CSO lender-owned consumer loans	(10,623)	(12,007)	$ (17,795)
Loans receivable guaranteed by the Company, net	66,030	68,394
Consumer Portfolio Segment | Unsecured Installment
Loans and Leases Receivable Disclosure [Line Items]
Current loans receivable guaranteed by the Company	61,840	65,743
Delinquent loans receivable guaranteed by the Company	12,477	11,708
Total loans receivable guaranteed by the Company	74,317	77,451
Less: Liability for losses on CSO lender-owned consumer loans	(10,553)	(11,582)	(17,073)
Loans receivable guaranteed by the Company, net	63,764	65,869
Consumer Portfolio Segment | Secured Installment
Loans and Leases Receivable Disclosure [Line Items]
Current loans receivable guaranteed by the Company	1,944	2,504
Delinquent loans receivable guaranteed by the Company	392	446
Total loans receivable guaranteed by the Company	2,336	2,950
Less: Liability for losses on CSO lender-owned consumer loans	(70)	(425)	$ (722)
Loans receivable guaranteed by the Company, net	$ 2,266	$ 2,525

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SEGMENT REPORTING - Narrative (Details)	12 Months Ended
	Dec. 31, 2019 state segment store
Segment Reporting Information [Line Items]
Number of operating segments | segment	2
Number of reportable segments | segment	2
United States
Segment Reporting Information [Line Items]
Number of stores | store	214
United States | Online Products
Segment Reporting Information [Line Items]
Number of states in which entity operates	27
Canada | Retail Products
Segment Reporting Information [Line Items]
Number of stores | store	202
Number of states in which entity operates	7
Canada | Online Products
Segment Reporting Information [Line Items]
Number of states in which entity operates	5

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GOODWILL AND INTANGIBLES - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Goodwill	$ 119,281	$ 121,647
Foreign currency translation	1,328	(2,366)
Goodwill	120,609	119,281
U.S.
Goodwill [Roll Forward]
Goodwill	91,131	91,131
Foreign currency translation	0	0
Goodwill	91,131	91,131
Canada
Goodwill [Roll Forward]
Goodwill	28,150	30,516
Foreign currency translation	1,328	(2,366)
Goodwill	$ 29,478	$ 28,150

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands		Total	Common Stock	Paid-in capital	Treasury Stock	Retained Earnings (Deficit)	AOCI	[1]
Balance, beginning period at Dec. 31, 2016		$ 40,855	$ 1	$ (35,996)	$ 0	$ 136,835	$ (59,985)
Balance, beginning period (in shares) at Dec. 31, 2016			37,894,752
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		49,153				49,153
Foreign currency translation adjustment		16,713					16,713
Cash flow hedge expiration		333					333
Initial Public Offering, Net Proceeds		81,117	$ 7	81,110
Initial Public Offering, Net Proceeds (in shares)			6,666,667
Dividends		(182,000)				(182,000)
Share based compensation expense		$ 965		965
Proceeds from exercise of stock options (in shares)		0
Balance, ending period at Dec. 31, 2017		$ 7,136	$ 8	46,079	0	3,988	(42,939)
Balance, ending period (in shares) at Dec. 31, 2017			44,561,419
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(22,053)				(22,053)
Foreign currency translation adjustment		(18,121)					(18,121)
Cash flow hedge expiration		0
Initial Public Offering, Net Proceeds		7,110	$ 1	7,109
Initial Public Offering, Net Proceeds (in shares)			1,000,000
Share based compensation expense		8,210		8,210
Proceeds from exercise of stock options		$ 559		559
Proceeds from exercise of stock options (in shares)		500,924	500,924
Common stock issued for RSU's vesting, net of shares withheld and withholding paid for employee taxes		$ (1,942)		(1,942)
Common stock issued for RSU's vesting, net of shares withheld and withholding paid for employee taxes (in shares)			349,888
Balance, ending period at Dec. 31, 2018		(19,101)	$ 9	60,015	0	(18,065)	(61,060)
Balance, ending period (in shares) at Dec. 31, 2018			46,412,231
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		111,488				111,488
Foreign currency translation adjustment		22,397					22,397
Share based compensation expense		10,323		10,323
Proceeds from exercise of stock options		$ 149		149
Proceeds from exercise of stock options (in shares)		40,014	40,014
Repurchase of common stock	[2]	$ (72,343)			(72,343)
Repurchase of common stock (in shares)	[2]		(5,614,541)
Common stock issued for RSU's vesting, net of shares withheld and withholding paid for employee taxes		(2,400)		(2,400)
Common stock issued for RSU's vesting, net of shares withheld and withholding paid for employee taxes (in shares)			318,520
Balance, ending period at Dec. 31, 2019		$ 50,513	$ 9	$ 68,087	$ (72,343)	$ 93,423	$ (38,663)
Balance, ending period (in shares) at Dec. 31, 2019			41,156,224

[1] Accumulated other comprehensive income (loss)

[2] Includes the repurchase of 2,000,000 shares of common stock from FFL for $13.55 per share. See Note 23 - "Share Repurchase Program" for additional information.

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INCOME TAXES - Deferred Income Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets related to:
Accrued expenses and other reserves	$ 2,092	$ 3,267
Lease liability	32,009
Compensation accruals	6,354	4,954
Deferred revenue	461	78
Federal net operating loss and capital loss carryforwards	13,693	0
State and provincial net operating loss carryforwards	3,228	1,611
Foreign net operating loss and capital loss carryforwards	4,754	3,592
Tax credit carryforwards	158	0
Gross deferred tax assets	62,749	13,502
Less: Valuation allowance	(8,328)	(6,996)	$ (4,375)	$ (3,717)
Net deferred tax assets	54,421	6,506
Deferred tax liabilities related to:
Property and equipment	(3,339)	(3,870)
Right of use asset	(29,251)
Goodwill and other intangible assets	(14,986)	(14,508)
Prepaid expenses and other assets	(628)	(197)
Loans receivable	(5,614)	(127)
Gross deferred tax liabilities	(53,818)	(18,702)
Net deferred tax liabilities	$ 603
Net deferred tax liabilities		$ (12,196)

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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Restricted cash	$ 34,779	$ 25,439
Total gross loans receivable	665,828	571,531
Allowance for loan losses	106,835	73,997
Accounts payable and accrued liabilities	60,083	49,146
Accrued interest	19,847	20,904
Long-term debt (excluding current maturities)	$ 790,544	$ 804,140
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)	46,770,765	46,412,231
Class A common stock, outstanding (in shares)	41,156,224	46,412,231
Treasury stock (in shares)	5,614,541
Variable Interest Entity
Restricted cash	$ 17,427	$ 12,840
Total gross loans receivable	244,492	148,876
Allowance for loan losses	24,425	12,688
Accounts payable and accrued liabilities	13,462	4,980
Accrued interest	871	831
Long-term debt (excluding current maturities)	115,243	111,335
Issuance costs	$ 3,022	$ 3,856

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FAIR VALUE MEASUREMENTS - Summary of Assets and Liabilities Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financial assets:
Restricted cash	$ 34,779	$ 25,439	$ 8,548
Fair Value, Recurring | Carrying Value
Financial assets:
Cash Surrender Value of Life Insurance	6,171	4,790
Financial liabilities:
Non-qualified deferred compensation plan	4,666	3,639
Fair Value, Recurring | Estimated Fair Value
Financial assets:
Cash Surrender Value of Life Insurance	6,171	4,790
Financial liabilities:
Non-qualified deferred compensation plan	4,666	3,639
Fair Value, Recurring | Estimated Fair Value | Level 1
Financial assets:
Cash Surrender Value of Life Insurance	6,171	4,790
Financial liabilities:
Non-qualified deferred compensation plan	4,666	3,639
Fair Value, Recurring | Estimated Fair Value | Level 2
Financial assets:
Cash Surrender Value of Life Insurance	0	0
Financial liabilities:
Non-qualified deferred compensation plan	0	0
Fair Value, Recurring | Estimated Fair Value | Level 3
Financial assets:
Cash Surrender Value of Life Insurance	0	0
Financial liabilities:
Non-qualified deferred compensation plan	0	0
Fair Value, Nonrecurring | Carrying Value
Financial assets:
Cash	75,242	61,175
Restricted cash	34,779	25,439
Loans receivable, net	558,993	497,534
Equity method investment	10,068	6,558
Financial liabilities:
Liability for losses on CSO lender-owned consumer loans	10,623	12,007
Fair Value, Nonrecurring | Carrying Value | 8.25% Senior Notes Due 2025
Financial liabilities:
Debt	678,323	676,661
Fair Value, Nonrecurring | Carrying Value | Non-Recourse Canada SPV Facility
Financial liabilities:
Debt	112,221	107,479
Fair Value, Nonrecurring | Carrying Value | Senior Revolver
Financial liabilities:
Debt		20,000
Fair Value, Nonrecurring | Estimated Fair Value
Financial assets:
Cash	75,242	61,175
Restricted cash	34,779	25,439
Loans receivable, net	558,993	497,534
Equity method investment	10,068	6,558
Financial liabilities:
Liability for losses on CSO lender-owned consumer loans	10,623	12,007
Fair Value, Nonrecurring | Estimated Fair Value | 8.25% Senior Notes Due 2025
Financial liabilities:
Debt	596,924	531,179
Fair Value, Nonrecurring | Estimated Fair Value | Non-Recourse Canada SPV Facility
Financial liabilities:
Debt	115,243	111,335
Fair Value, Nonrecurring | Estimated Fair Value | Senior Revolver
Financial liabilities:
Debt		20,000
Fair Value, Nonrecurring | Estimated Fair Value | Level 1
Financial assets:
Cash	75,242	61,175
Restricted cash	34,779	25,439
Loans receivable, net	0	0
Equity method investment	0	0
Financial liabilities:
Liability for losses on CSO lender-owned consumer loans	0	0
Fair Value, Nonrecurring | Estimated Fair Value | Level 1 | 8.25% Senior Notes Due 2025
Financial liabilities:
Debt	0	0
Fair Value, Nonrecurring | Estimated Fair Value | Level 1 | Non-Recourse Canada SPV Facility
Financial liabilities:
Debt	0	0
Fair Value, Nonrecurring | Estimated Fair Value | Level 1 | Senior Revolver
Financial liabilities:
Debt		0
Fair Value, Nonrecurring | Estimated Fair Value | Level 2
Financial assets:
Cash	0	0
Restricted cash	0	0
Loans receivable, net	0	0
Equity method investment	0	0
Financial liabilities:
Liability for losses on CSO lender-owned consumer loans	0	0
Fair Value, Nonrecurring | Estimated Fair Value | Level 2 | 8.25% Senior Notes Due 2025
Financial liabilities:
Debt	596,924	531,179
Fair Value, Nonrecurring | Estimated Fair Value | Level 2 | Non-Recourse Canada SPV Facility
Financial liabilities:
Debt	0	0
Fair Value, Nonrecurring | Estimated Fair Value | Level 2 | Senior Revolver
Financial liabilities:
Debt		0
Fair Value, Nonrecurring | Estimated Fair Value | Level 3
Financial assets:
Cash	0	0
Restricted cash	0	0
Loans receivable, net	558,993	497,534
Equity method investment	10,068	6,558
Financial liabilities:
Liability for losses on CSO lender-owned consumer loans	10,623	12,007
Fair Value, Nonrecurring | Estimated Fair Value | Level 3 | 8.25% Senior Notes Due 2025
Financial liabilities:
Debt	0	0
Fair Value, Nonrecurring | Estimated Fair Value | Level 3 | Non-Recourse Canada SPV Facility
Financial liabilities:
Debt	$ 115,243	111,335
Fair Value, Nonrecurring | Estimated Fair Value | Level 3 | Senior Revolver
Financial liabilities:
Debt		$ 20,000

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LOANS RECEIVABLE AND REVENUE - Narrative (Details)	Dec. 31, 2019
Consumer Portfolio Segment | Installment Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Late fees, percent of revenue (less than) (as percent)	1.00%

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SUPPLEMENTAL CASH FLOW INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

Supplemental Cash Flow Elements [Abstract]

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information was as follows (in thousands):

	Year Ended December 31,
	2019		2018		2017
Cash paid for:
Interest	$	69,134	$	84,823	$	60,054
Income taxes, net of refunds	2,355		16,311		26,863
Non-cash investing activities:
Property and equipment accrued in accounts payable	631		1,718		1,631

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DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt consisted of the following (in thousands):

	December 31,		December 31,
	2019		2018
8.25% Senior Secured Notes (due 2025)	$	678,323	$	676,661
Non-Recourse Canada SPV Facility	112,221		107,479
Senior Revolver	—		20,000
Debt	$	790,544	$	804,140

Future Maturities of Long-Term Debt

Annual maturities of outstanding debt for each of the five years after December 31, 2019 are as follows (in thousands):

	Amount
2020	$	—
2021	—
2022	38,414
2023	76,829
2024	—
Thereafter	690,000
Debt (before deferred financing costs and discounts)	805,243
Less: deferred financing costs and discounts	14,699
Debt, net	$	790,544

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DISCONTINUED OPERATIONS - Schedules of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating expense (income)
Loss from operations of discontinued operations before income taxes									$ (39,048)	$ (38,682)	$ (10,527)
(Benefit) / provision for income tax									(46,638)	(170)	929
Net income (loss) from discontinued operations	$ 647	$ (598)	$ (834)	$ 8,375	$ (29,716)	$ (4,432)	$ (2,743)	$ (1,621)	7,590	(38,512)	(11,456)
ASSETS
Total assets classified as discontinued operations in the Consolidated Balance Sheets	0				34,861				0	34,861
LIABILITIES AND STOCKHOLDERS' EQUITY
Total liabilities classified as discontinued operations in the Consolidated Balance Sheets	0				8,882				0	8,882
Cash Flow Disclosures
Net cash (used in) provided by discontinued operating activities									(504)	10,808	9,666
Net cash used in discontinued investing activities									(14,213)	(27,891)	(15,761)
U.K. Segment | Discontinued Operations, Disposed of by Means Other than Sale
Income Statement Disclosures
Revenue									6,957	49,238	39,496
Provision for losses									1,703	21,632	13,660
Net revenue									5,254	27,606	25,836
Cost of providing services
Advertising									775	8,970	5,495
Non-advertising costs of providing services									307	3,209	6,269
Total cost of providing services									1,082	12,179	11,764
Gross margin									4,172	15,427	14,072
Operating expense (income)
Corporate, district and other									3,810	31,639	17,218
Interest income									(4)	(26)	(12)
Restructuring costs									0	0	7,393
Goodwill impairment									0	22,496	0
Loss on disposition									39,414	0	0
Total operating expense									43,220	54,109	24,599
Loss from operations of discontinued operations before income taxes									(39,048)	(38,682)	(10,527)
(Benefit) / provision for income tax									(46,638)	(170)	929
Net income (loss) from discontinued operations									7,590	(38,512)	(11,456)
ASSETS
Cash	0				9,859				0	9,859
Restricted cash	0				3,384				0	3,384
Gross loans receivable	0				25,256				0	25,256
Less: allowance for loan losses	0				(5,387)				0	(5,387)
Loans receivable, net	0				19,869				0	19,869
Prepaid expenses and other	0				1,482				0	1,482
Other	0				267				0	267
Total assets classified as discontinued operations in the Consolidated Balance Sheets	0				34,861				0	34,861
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	0				8,136				0	8,136
Deferred revenue	0				180				0	180
Accrued interest	0				(5)				0	(5)
Deferred rent	0				149				0	149
Other long-term liabilities	0				422				0	422
Total liabilities classified as discontinued operations in the Consolidated Balance Sheets	$ 0				$ 8,882				0	8,882
Cash Flow Disclosures
Net cash (used in) provided by discontinued operating activities									(504)	10,808	9,666
Net cash used in discontinued investing activities									(14,213)	(27,891)	(15,761)
Net cash used in discontinued financing activities									$ 0	$ 0	$ 0

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FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

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. The Company is 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 observable market data obtained from independent sources, or unobservable, meaning those that reflect the Company's 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 the Company 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 unadjusted quoted prices in active markets for identical assets or liabilities that the Company has access to at the measurement date.

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 the Company's own judgments about the assumptions market participants would use in pricing the asset or liability because limited market data exists. The Company develops these inputs based on the best information available, including its own data.

Financial Assets and Liabilities Carried at Fair Value

The table below presents the assets and liabilities that were carried at fair value on the Consolidated Balance Sheets at December 31, 2019 (in thousands):

			Estimated Fair Value
	Carrying Value December 31, 2019		Level 1		Level 2		Level 3		Total
Financial assets:
Cash Surrender Value of Life Insurance	$	6,171	$	6,171	$	—	$	—	$	6,171
Financial liabilities:
Non-qualified deferred compensation plan	$	4,666	$	4,666	$	—	$	—	$	4,666

The table below presents the assets and liabilities that were carried at fair value on the Consolidated Balance Sheets at December 31, 2018 (in thousands):

			Estimated Fair Value
	Carrying Value December 31, 2018		Level 1		Level 2		Level 3		Total
Financial assets:
Cash Surrender Value of Life Insurance	$	4,790	$	4,790	$	—	$	—	$	4,790
Financial liabilities:(1)
Non-qualified deferred compensation plan	$	3,639	$	3,639	$	—	$	—	$	3,639

Financial Assets and Liabilities Not Carried at Fair Value

The table below presents the assets and liabilities that were not carried at fair value on the Consolidated Balance Sheets at December 31, 2019 (in thousands).

			Estimated Fair Value
	Carrying Value December 31, 2019		Level 1		Level 2		Level 3		December 31, 2019
Financial assets:
Cash	$	75,242	$	75,242	$	—	$	—	$	75,242
Restricted cash	34,779		34,779		—		—		34,779
Loans receivable, net	558,993		—		—		558,993		558,993
Equity method investment	10,068		—		—		10,068		10,068
Financial liabilities:
Liability for losses on CSO lender-owned consumer loans	$	10,623	$	—	$	—	$	10,623	$	10,623
8.25% Senior Secured Notes	678,323		—		596,924		—		596,924
Non-Recourse Canada SPV facility	112,221		—		—		115,243		115,243

The table below presents the assets and liabilities that were not carried at fair value on the Consolidated Balance Sheets at December 31, 2018 (in thousands).

			Estimated Fair Value
	Carrying Value December 31, 2018		Level 1		Level 2		Level 3		December 31, 2018
Financial assets:
Cash	$	61,175	$	61,175	$	—	$	—	$	61,175
Restricted cash	25,439		25,439		—		—		25,439
Loans receivable, net	497,534		—		—		497,534		497,534
Equity method investment	6,558		—		—		6,558		6,558
Financial liabilities:
Liability for losses on CSO lender-owned consumer loans	$	12,007	$	—	$	—	$	12,007	$	12,007
8.25% Senior Secured Notes	676,661		—		531,179		—		531,179
Non-Recourse Canada SPV facility	107,479		—		—		111,335		111,335
Senior Revolver	20,000		—		—		20,000		20,000

Loans receivable are carried on the Consolidated Balance Sheets net of the Allowance for estimated loan losses. The unobservable inputs used to calculate the carrying values include quantitative factors, such as current default trends. Also considered in evaluating the accuracy of the models are changes to the loan portfolio mix, 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. The carrying value of loans receivable approximates their fair value. Refer to Note 6, "Loans Receivable and Revenue" for additional information.

During 2019, Katapult completed an equity raising round at a value per share less than the value per share raised in prior raises. This round included additional investments from existing shareholders and investments by new investors and is considered indicative of the fair value of shares in Katapult. Accordingly, the Company recognized a $3.7 million loss on the investment to adjust it to market value. As of December 31, 2019, the Company owned approximately 43.8% of the outstanding shares of Katapult. Refer to Note 1, "Summary of Significant Accounting Policies and Nature of Operations," for additional information on the Company's investment in Katapult.

In connection with the Company's CSO programs, the accounting for which is discussed in detail in Note 1, "Summary of Significant Accounting Policies and Nature of Operations," the Company guarantees consumer loan payment obligations to unrelated third-party lenders for loans that the Company arranges for consumers on the third-party lenders’ behalf. The Company is required to purchase from the lender defaulted loans that it has guaranteed. Refer to Note 6, "Loans Receivable and Revenue" for additional information.

The 8.25% Senior Secured Notes fair value level was transferred from Level 3, as previously reported, to Level 2 for the years ended December 31, 2019 and 2018. Upon management's review of the inputs, the Level 2 disclosure is appropriate given the limited trading activity in this public (observable) market. The fair values of the Non-Recourse Canada SPV facility and the Senior Revolver were based on the cash needed for their respective final settlement. Refer to Note 9, "Debt" for additional information.

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COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

Securities Litigation

On December 5, 2018, a putative securities fraud class action lawsuit was filed against the Company and its chief executive officer, chief financial officer and chief operating officer in the United States District Court for the District of Kansas, captioned Yellowdog Partners, LP v. CURO Group Holdings Corp., Donald F. Gayhardt, William Baker and Roger W. Dean, Civil Action No. 18-2662. On May 31, 2019, plaintiffs filed a consolidated complaint naming Doug Rippel, Chad Faulkner, Mike McKnight, Friedman Fleischer & Lowe Capital Partners II, L.P., FFL Executive Partners II, L.P., and FFL Parallel Fund II, L.P. as additional defendants. The complaint alleges that the Company and the individual defendants violated Section 10(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and that certain defendants also violated Section 20(a) of the Exchange Act as "control persons" of CURO. Plaintiffs purport to bring these claims on behalf of a class of investors who purchased Company common stock between April 27, 2018 and October 24, 2018.

Plaintiffs allege generally that, during the putative class period, the Company made misleading statements and omitted material information regarding its efforts to transition the Canadian inventory of products from Single-Pay loans to Open-End loans. Plaintiffs assert that the Company and the individual defendants made these misstatements and omissions to keep the stock price high. Plaintiffs seek unspecified damages and other relief.

While the Company is vigorously contesting this lawsuit, it cannot determine the final resolution or when it might be resolved. In addition to the expenses incurred in defending this litigation and any damages that may be awarded in the event of an adverse ruling, management’s efforts and attention may be diverted from the ordinary business operations to address these claims. Regardless of the outcome, this litigation may have a material adverse impact on results because of defense costs, including costs related to indemnification obligations, diversion of resources and other factors. In 2019, the Company accrued $2.5 million in costs related to the litigation.

During the first quarter of 2019, the Company received an inquiry from the SEC regarding the Company's public disclosures surrounding its efforts to transition the Canadian inventory of products from Single-Pay loans to Open-End loans.

City of Austin

The Company was cited in July 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 the Company's credit access bureau ("CAB") program, including loan sizes and repayment terms. The Company believes that: (i) the Austin ordinance (similar to its counterparts elsewhere in Texas) conflicts with Texas state law and (ii) in any event, the Company's product complies with the ordinance, when the ordinance is properly construed. The Austin Municipal Court agreed with the Company's position that the ordinance conflicts with Texas law and, accordingly, did not address the second argument. In September 2017, the Travis County Court reversed the Municipal Court’s decision and remanded the case for further proceedings. To date, a hearing and trial on the merits have not been scheduled. The Company does not anticipate having a final determination of the lawfulness of its 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 the Company to restructure the loans it originates in Austin and elsewhere in Texas.

Other Legal Matters

The Company is a defendant in certain litigation matters encountered from time-to-time in the ordinary course of business. Certain of these matters may be covered to an extent by insurance. While it is difficult to predict the outcome of any particular proceeding, the Company does not believe the result of any of these matters will have a material adverse effect on the Company's business, results of operations or financial condition.

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PREPAID EXPENSES AND OTHER (Tables)

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Components of Prepaid Expenses and Other Assets

Components of Prepaid expenses and other assets were as follows (in thousands):

	December 31, 2019		December 31, 2018
Settlements and collateral due from third-party lenders	$	6,156	$	17,205
Fees receivable from customers under CSO programs	14,564		13,771
Prepaid expenses	4,546		6,456
Other assets	10,624		6,156
Total prepaid expenses and other	$	35,890	$	43,588

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SHARE REPURCHASE PROGRAM

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

SHARE REPURCHASE PROGRAM

SHARE REPURCHASE PROGRAM

In April 2019, the Board of Directors authorized a share repurchase program providing for the repurchase of up to $50.0 million of its common stock. As discussed below, the repurchase program, which commenced in June 2019, was completed in February 2020. Purchases under the program were required to be made from time-to-time in the open market, in privately negotiated transactions, or both, at the Company's discretion and subject to market conditions and other factors. Any repurchased shares are available for use in connection with equity plans or other corporate purposes.

The table below summarizes share repurchase activity during the year ended December 31, 2019 (in thousands, except for per share amounts and number of share amounts):

	Year Ended December 31, 2019
Total number of shares repurchased	3,614,541
Average price paid per share	$	12.52
Total value of shares repurchased	$	45,241
Total authorized repurchase amount for the period presented	$	50,000
Total value of shares repurchased	45,241
Total remaining authorized repurchase amount	$	4,759

As previously mentioned, the Company completed the $50.0 million share repurchase program in February 2020. Also in February 2020, the Company's Board of Directors authorized an additional share repurchase program providing for the repurchase of up to $25.0 million of its common stock. See Note 24, "Subsequent Events" for additional details.

Separately, in August 2019, the Company entered into a Share Repurchase Agreement (the “Share Repurchase Agreement”) with FFL, a related party to the Company. Pursuant to the Share Repurchase Agreement, the Company repurchased 2,000,000 shares of its common stock, par value $0.001 per share, owned by FFL, in a private transaction at a purchase price equal to $13.55 per share of common stock. This transaction occurred outside of the share repurchase program authorized in April 2019.

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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Components of Accounts payable and accrued liabilities were as follows (in thousands):

	December 31,		December 31,
	2019		2018
Trade accounts payable	$	25,972	$	24,463
Money orders payable	4,805		7,822
Accrued taxes, other than income taxes	295		944
Accrued payroll and fringe benefits	24,837		14,518
Other accrued liabilities	4,174		1,399
Total accounts payable and accrued liabilities	$	60,083	$	49,146

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Dec. 31, 2019
8.25% Senior Notes Due 2025
Stated interest rate	8.25%
Senior Notes | 10.75% Senior Secured Notes
Stated interest rate	10.75%
Senior Notes | 12.00% Senior Cash Pay Notes
Stated interest rate	12.00%
Senior Notes | 12.00% Senior Secured Notes
Stated interest rate	12.00%
Senior Notes | 8.25% Senior Notes Due 2025
Stated interest rate	8.25%

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GOODWILL AND INTANGIBLES

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLES

The Goodwill balance includes no accumulated impairment. The change in the carrying amount of Goodwill by operating segment for the years ended December 31, 2019 and 2018 was as follows (in thousands):

	U.S.		Canada			Total
Goodwill at December 31, 2017	$	91,131	$	30,516		$	121,647
Foreign currency translation - 2018	—		(2,366		)	(2,366		)
Goodwill at December 31, 2018	91,131		28,150			119,281
Foreign currency translation - 2019	—		1,328			1,328
Goodwill at December 31, 2019	91,131		29,478			120,609

The Company tests goodwill at least annually for impairment (the Company has elected to annually test for potential impairment of goodwill on the first day of the fourth quarter) and more frequently if indicators are present or changes in circumstances suggest that impairment may exist. The indicators include, among others, declines in sales, earning or cash flows or the development of a material adverse change in business climate. The Company assesses goodwill for impairment at the reporting unit level, which is defined as an operating segment or one level below an operating segment, referred to as a reporting unit. See Note 1, "Summary of Significant Accounting Policies and Nature of Operations" for additional detail on the Company's policy for assessing goodwill for impairment.

Identifiable intangible assets consisted of the following:

		December 31, 2019							December 31, 2018
	Weighted-Average Remaining Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Assets not subject to amortization
Trade name	—	$	22,357	$	—		$	22,357	$	21,350	$	—		$	21,350
Assets subject to amortization
Customer relationships	—	8,982		(8,982		)	—		18,299		(17,643		)	656
Computer software	9.2	26,328		(14,758		)	11,570		24,051		(16,273		)	7,778
Balance, end of year		$	57,667	$	(23,740	)	$	33,927	$	63,700	$	(33,916	)	$	29,784

The Company's identifiable intangible assets are amortized using the straight-line method over the estimated remaining useful lives, except for the Cash Money trade name intangible asset that has a carrying amount of $22.4 million, which was determined to have an indefinite life and is not amortized. The estimated useful lives for the Company's other intangible assets range from 1 to 10 years. Aggregate amortization expense related to identifiable intangible assets was $2.9 million, $2.7 million and $2.4 million for the years ended December 31, 2019, 2018 and 2017, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held at December 31, 2019 for each of the following five fiscal years (in thousands):

	Year Ending December 31,
2020	$	2,065
2021	1,508
2022	838
2023	519
2024	519

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DEBT - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Aug. 31, 2018
Debt Instrument [Line Items]
Debt	$ 790,544	$ 804,140
8.25% Senior Notes Due 2025
Debt Instrument [Line Items]
Stated interest rate	8.25%
Senior Notes | 8.25% Senior Notes Due 2025
Debt Instrument [Line Items]
Debt	$ 678,323	676,661
Stated interest rate	8.25%		8.25%	8.25%
Line of Credit | Revolving Credit Facility | Non-Recourse Canada SPV Facility
Debt Instrument [Line Items]
Debt	$ 112,221	107,479
Line of Credit | Revolving Credit Facility | Senior Revolver
Debt Instrument [Line Items]
Debt	$ 0	$ 20,000

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SHARE-BASED COMPENSATION - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Stock Options
Beginning balance (in shares)	1,445,332	1,977,480	1,879,308
Granted (in shares)	0	0	99,396
Exercised (in shares)	(40,014)	(500,924)	0
Forfeited (in shares)	(696)	(31,224)	(1,224)
Ending balance (in shares)	1,404,622	1,445,332	1,977,480	1,879,308
Weighted Average Exercise Price
Beginning balance (in usd per share)	$ 3.56	$ 3.04	$ 2.73
Granted (in usd per share)	0.00	0.00	8.86
Exercised (in usd per share)	3.71	1.46	0.00
Forfeited (in usd per share)	8.86	4.03	3.39
Ending balance (in usd per share)	$ 3.56	3.56	3.04	$ 2.73
Options exercisable (in shares)	1,226,422
Options exercisable, weighted average exercise price (in usd per share)	$ 3.42
Options granted, weighted average grant date fair value (in usd per share)		0.00	$ 4.11
Options forfeited, weighted average grant date fair value (in usd per share)	$ 4.07	$ 1.84
Options outstanding, weighted average remaining contractual term	2 years 7 months 1 day	3 years 8 months 1 day	5 years 2 months 12 days	4 years 7 months 6 days
Options exercisable, weighted average remaining contractual term	2 years 1 month 6 days
Options outstanding, intrinsic value	$ 12.1	$ 8.6	$ 21.8	$ 2.1
Options exercised, intrinsic value	0.3	$ 4.0
Options exercisable, intrinsic value	$ 10.7

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DEBT - Non-Recourse U.S. SPV Facility (Details) - USD ($)		1 Months Ended				12 Months Ended
	Oct. 26, 2018	Oct. 31, 2018	Sep. 30, 2018	Aug. 31, 2018	Nov. 30, 2016	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Loss on extinguishment of debt						$ 0	$ 90,569,000	$ 12,458,000
8.25% Senior Notes Due 2025
Debt Instrument [Line Items]
Stated interest rate						8.25%
Line of Credit and Secured Debt | Non-Recourse U.S. SPV Facility
Debt Instrument [Line Items]
Debt instrument, term					5 years
Senior Notes | Non-Recourse U.S. SPV Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 80,000,000
Senior Notes | 8.25% Senior Notes Due 2025
Debt Instrument [Line Items]
Debt instrument, term				5 years
Debt issuance costs capitalized				$ 11,700,000
Stated interest rate			8.25%	8.25%		8.25%
Loss on extinguishment of debt							69,200,000
Line of Credit | Non-Recourse U.S. SPV Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					70,000,000.0
Debt issuance costs capitalized					$ 5,300,000
Extinguishment of debt			$ 42,400,000
Secured Debt | Non-Recourse U.S. SPV Facility
Debt Instrument [Line Items]
Maximum effective interest rate					12.00%
Commitment fee on unused portion					0.50%
Extinguishment of debt	$ 2,700,000	$ 80,000,000
Loss on extinguishment of debt							$ 9,700,000
Secured Debt | Non-Recourse U.S. SPV Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread					1.00%

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LOANS RECEIVABLE AND REVENUE - Liability for Losses on CSO Lender-Owned Consumer Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Guarantor Obligations [Roll Forward]
Balance, beginning of period	$ 12,007	$ 17,795
Charge-offs	(165,167)	(169,735)
Recoveries	35,856	35,674
Net charge-offs	(129,311)	(134,061)
Provision for losses	127,927	128,273
Balance, end of period	10,623	12,007
Consumer Portfolio Segment | Unsecured Installment
Guarantor Obligations [Roll Forward]
Balance, beginning of period	11,582	17,073
Charge-offs	(161,557)	(165,266)
Recoveries	33,248	32,341
Net charge-offs	(128,309)	(132,925)
Provision for losses	127,280	127,434
Balance, end of period	10,553	11,582
Consumer Portfolio Segment | Secured Installment
Guarantor Obligations [Roll Forward]
Balance, beginning of period	425	722
Charge-offs	(3,610)	(4,469)
Recoveries	2,608	3,333
Net charge-offs	(1,002)	(1,136)
Provision for losses	647	839
Balance, end of period	$ 70	$ 425

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INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended			24 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Income Tax Contingency [Line Items]
Transition tax expense (benefit) related to the deemed repatriation of unremitted earnings of foreign subsidiaries		$ (1,600,000)	$ 8,100,000	$ 6,500,000
Tax benefit related to remeasurement of net deferred tax liabilities		4,200,000
Undistributed foreign earnings	$ 181,300,000
Unrecognized tax benefits	0	0		0
Federal net operating loss and capital loss carryforwards	13,693,000	0		0
Deferred tax assets, valuation allowance	8,328,000	6,996,000	4,375,000	$ 6,996,000	$ 3,717,000
Penalties and interest recorded	0	$ 0	$ 0
Foreign
Income Tax Contingency [Line Items]
Operating loss carryforwards	6,100,000
Operating loss carryforwards, valuation allowance	6,100,000
State
Income Tax Contingency [Line Items]
Operating loss carryforwards	1,900,000
Operating loss carryforwards, valuation allowance	500,000
Canada Revenue Agency | Pro forma
Income Tax Contingency [Line Items]
Expected tax if earnings were distributed to the U.S.	$ 9,100,000

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DEBT - Cash Money Revolving Credit Facility (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 CAD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Debt Instrument [Line Items]
Debt		$ 790,544	$ 804,140
Revolving Credit Facility | Line of Credit | Cash Money Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 10,000,000
Line of credit facility, remaining borrowing capacity	$ 9,900,000
Revolving Credit Facility | Line of Credit | Cash Money Revolving Credit Facility | Prime Rate
Debt Instrument [Line Items]
Basis spread	1.95%
Standby Letters of Credit | Line of Credit | Cash Money Revolving Credit Facility
Debt Instrument [Line Items]
Debt	$ 100,000

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LEASES - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($) options	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease original term of contract	5 years
Number of renewal terms | options	2
Operating lease renewal term	5 years
Operating lease payments	$ 34.9
ROU assets obtained in exchange for lease liabilities	$ 15.8
Weighted average remaining lease term	6 years 1 month 10 days
Weighted average operating discount rate	10.30%
Third-Party
Lessee, Lease, Description [Line Items]
Rent expense		$ 22.4	$ 22.1
Related-Party
Lessee, Lease, Description [Line Items]
Rent expense		$ 3.5	$ 3.3

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DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations aggregate carrying amounts of the assets and liabilities

The following table presents the results from the discontinued operations of the U.K. Subsidiaries included in the Consolidated Statement of Operations (in thousands):

	For the Year Ended December 31,
	2019			2018			2017
Revenue	$	6,957		$	49,238		$	39,496
Provision for losses	1,703			21,632			13,660
Net revenue	5,254			27,606			25,836
Cost of providing services
Advertising	775			8,970			5,495
Non-advertising costs of providing services	307			3,209			6,269
Total cost of providing services	1,082			12,179			11,764
Gross margin	4,172			15,427			14,072
Operating expense (income)
Corporate, district and other	3,810			31,639			17,218
Interest income	(4		)	(26		)	(12		)
Restructuring costs	—			—			7,393
Goodwill impairment	—			22,496			—
Loss on disposition	39,414			—			—
Total operating expense	43,220			54,109			24,599
Loss from operations of discontinued operations before income taxes	(39,048		)	(38,682		)	(10,527		)
(Benefit) / provision for income tax	(46,638		)	(170		)	929
Income (loss) from discontinued operations	$	7,590		$	(38,512	)	$	(11,456	)

The effective tax rate for the year ending December 31, 2019 was 119.4%, and primarily relates to the worthlessness of the U.K. stock resulting in a U.S. tax benefit.

The following table presents the aggregate carrying amounts of the assets and liabilities of the discontinued operations of the U.K. Subsidiaries (in thousands):

	December 31, 2019		December 31, 2018
ASSETS
Cash	$	—	$	9,859
Restricted cash	—		3,384
Gross loans receivable	—		25,256
Less: allowance for loan losses	—		(5,387		)
Loans receivable, net	—		19,869
Prepaid expenses and other	—		1,482
Other	—		267
Total assets classified as discontinued operations in the Consolidated Balance Sheets	$	—	$	34,861
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	$	—	$	8,136
Deferred revenue	—		180
Accrued interest	—		(5		)
Deferred rent	—		149
Other long-term liabilities	—		422
Total liabilities classified as discontinued operations in the Consolidated Balance Sheets	$	—	$	8,882

The following table presents cash flows of the discontinued operations of the U.K. Subsidiaries (in thousands):

	Year Ended December 31,
	2019			2018			2017
Net cash (used in) provided by discontinued operating activities	$	(504	)	$	10,808		$	9,666
Net cash used in discontinued investing activities	(14,213		)	(27,891		)	(15,761		)
Net cash used in discontinued financing activities	—			—			—

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RELATED-PARTY TRANSACTIONS (Details) - Affiliated Entity - Ad Astra - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Commissions
Related Party Transaction [Line Items]
Related party transaction, rate (as percent)	30.00%
Settlement period	1 month
Prepaid expenses and other	$ 1.4	$ 1.1	$ 0.7
Other costs of providing services	$ 15.5	$ 13.8	$ 12.4
Minimum
Related Party Transaction [Line Items]
Period of delinquency for referral to related party for collection	91 days
Maximum
Related Party Transaction [Line Items]
Period of delinquency for referral to related party for collection	121 days

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS - Cash and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 75,242	$ 61,175	$ 153,483
Restricted cash (includes restricted cash of consolidated VIEs of $17,427 and $12,840 as of December 31, 2019 and 2018, respectively)	34,779	25,439	8,548
Total cash, cash equivalents and restricted cash from continuing operations	110,021	86,614	162,031
Cash and restricted cash from discontinued operations	0	13,243	12,460
Total cash, cash equivalents and restricted cash used in the Statements of Cash Flows	110,021	99,857	$ 174,491	$ 201,353
Variable Interest Entity
Cash and Cash Equivalents [Line Items]
Restricted cash (includes restricted cash of consolidated VIEs of $17,427 and $12,840 as of December 31, 2019 and 2018, respectively)	$ 17,427	$ 12,840

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LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Summary of Operating Lease Costs

The following table summarizes the operating lease costs for the year ended December 31, 2019 (in thousands):

	Year Ended December 31, 2019
Operating lease costs:
Third-Party	$	30,479
Related-Party	3,464
Total (1)	$	33,943
(1) Includes immaterial variable lease costs.

Summary of Future Minimum Lease Payments, ASC 842

The following table summarizes the aggregate operating lease maturities that the Company is contractually obligated to make under operating leases as of December 31, 2019 (in thousands):

	Third-Party			Related-Party			Total
2020	$	30,965		$	3,754		$	34,719
2021	27,520			3,773			31,293
2022	24,497			3,667			28,164
2023	19,574			1,322			20,896
2024	14,657			967			15,624
Thereafter	36,170			3,536			39,706
Total	153,383			17,019			170,402
Less: Imputed interest	(41,237		)	(4,167		)	(45,404		)
Operating lease liabilities	$	112,146		$	12,852		$	124,998

Summary of Future Minimum Lease Payments, ASC 840

In accordance with the prior guidance, ASC 840, Leases, the future minimum lease payments by fiscal year as determined prior to the adoption of ASC 842, Leases, as disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, were as follows (in thousands):

	Third Party		Related Party		Total
2019	$	24,211	$	3,330	$	27,541
2020	20,547		3,285		23,832
2021	17,301		3,324		20,625
2022	14,558		3,322		17,880
2023	10,269		705		10,974
Thereafter	13,446		730		14,176
Total (1)	$	100,332	$	14,696	$	115,028
(1) Future minimum lease payments exclude the U.K. as all U.K. subsidiaries were placed into administration effective February 25, 2019.

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SUBSEQUENT EVENTS - Schedule of Share Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		12 Months Ended
		Mar. 06, 2020	Feb. 05, 2020	Dec. 31, 2019
Subsequent Event [Line Items]
Total value of shares repurchased	[1]			$ 72,343
Subsequent event
Subsequent Event [Line Items]
Total number of shares repurchased (in shares)			455,255
Repurchase Program, 2019
Subsequent Event [Line Items]
Total number of shares repurchased (in shares)				3,614,541
Average price paid per share (in dollars per share)				$ 12.52
Total value of shares repurchased				$ 45,241
Repurchase Program, 2019 | Subsequent event
Subsequent Event [Line Items]
Total number of shares repurchased (in shares)			455,255
Average price paid per share (in dollars per share)			$ 10.45
Total value of shares repurchased			$ 4,759
Repurchase Program, 2020 | Subsequent event
Subsequent Event [Line Items]
Total number of shares repurchased (in shares)		51,302
Average price paid per share (in dollars per share)		$ 9.75
Total value of shares repurchased		$ 500

[1] Includes the repurchase of 2,000,000 shares of common stock from FFL for $13.55 per share. See Note 23 - "Share Repurchase Program" for additional information.

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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

Income before taxes and income tax expense (benefit) was comprised of the following:

	Year Ended December 31,
(in thousands)	2019		2018			2017
Income (loss) before taxes:
U.S. tax jurisdictions	$	119,241	$	16,759		$	67,771
Non-U.S. tax jurisdictions	23,214		1,359			34,485
Total income (loss) before taxes	$	142,455	$	18,118		$	102,256
Current tax provision (benefit)
Federal	$	3,160	$	(7,983	)	$	19,935
State	395		(1,518		)	2,409
Foreign	930		7,748			10,542
Total current provision (benefit)	4,485		(1,753		)	32,886
Deferred tax provision (benefit)
Federal	22,978		7,471			6,283
State	5,145		631			2,647
Foreign	5,949		(4,690		)	(169		)
Total deferred tax provision (benefit)	34,072		3,412			8,761
Total provision for income taxes	$	38,557	$	1,659		$	41,647

Schedule of Deferred Income Tax Assets (Liabilities)

The sources of deferred income tax assets (liabilities) are summarized as follows:

	Year Ended December 31,
(in thousands)	2019			2018
Deferred tax assets related to:
Accrued expenses and other reserves	$	2,092		$	3,267
Lease liability	32,009			—
Compensation accruals	6,354			4,954
Deferred revenue	461			78
Federal net operating loss and capital loss carryforwards	13,693			—
State and provincial net operating loss carryforwards	3,228			1,611
Foreign net operating loss and capital loss carryforwards	4,754			3,592
Tax credit carryforwards	158			—
Gross deferred tax assets	62,749			13,502
Less: Valuation allowance	(8,328		)	(6,996		)
Net deferred tax assets	$	54,421		$	6,506
Deferred tax liabilities related to:
Property and equipment	$	(3,339	)	$	(3,870	)
Right of use asset	(29,251		)	—
Goodwill and other intangible assets	(14,986		)	(14,508		)
Prepaid expenses and other assets	(628		)	(197		)
Loans receivable	(5,614		)	(127		)
Gross deferred tax liabilities	(53,818		)	(18,702		)
Net deferred tax liabilities	$	603		$	(12,196	)

Deferred tax assets and liabilities are included in the following line items in the Consolidated Balance Sheets:

	Year Ended December 31,
(in thousands)	2019			2018
Net current deferred tax assets	$	5,055		$	1,534
Net long-term deferred tax liabilities	(4,452		)	(13,730		)
Net deferred tax liabilities	$	603		$	(12,196	)

Schedule of Effective Tax Rate

Differences between the Company's effective income tax rate computed on net earnings or loss before income taxes and the statutory federal income tax rate were as follows (dollars in thousands):

	Year Ended December 31,
	2019			2018			2017
Income tax expense using the statutory federal rate in effect	$	29,916		$	3,805		$	35,790
Tax effect of:
Effects of foreign rates different than U.S. statutory rate	(1,393		)	(65		)	(6,993		)
State, local and provincial income taxes, net of federal benefit	8,959			313			7,128
Tax credits	(138		)	(116		)	(450		)
Nondeductible expenses	33			77			409
Valuation allowance	1,609			1,983			631
Deferred remeasurement	—			—			683
Repatriation tax	—			(1,610		)	8,100
Deferred remeasurement due to the 2017 Tax Act	—			—			(4,162		)
Share-based compensation	150			(2,944		)	—
Other	(579		)	216			511
Total provision for income taxes	$	38,557		$	1,659		$	41,647
Effective income tax rate	27.1		%	8.4		%	40.7		%
Statutory federal income tax rate	21.0		%	21.0		%	35.0		%

Summary of Valuation Allowance

A summary of the valuation allowance was as follows (in thousands):

	Year Ended December 31,
	2019			2018		2017
Balance at the beginning of year	$	6,996		$	4,375	$	3,717
Increase to balance charged as expense	1,609			1,983		631
Effect of foreign currency translation	(277		)	638		27
Balance at end of year	$	8,328		$	6,996	$	4,375

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DISCONTINUED OPERATIONS - Narrative (Details)	12 Months Ended
	Dec. 31, 2019
U.K. Segment | Discontinued Operations, Disposed of by Means Other than Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Effective tax rate	119.40%

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LOANS RECEIVABLE AND REVENUE (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Summary of Revenue by Product

The following table summarizes revenue by product (in thousands):

	Year Ended December 31,
	2019		2018		2017
Unsecured Installment	$	530,730	$	523,282	$	454,758
Secured Installment	110,513		110,677		100,981
Open-End	245,256		141,963		73,496
Single-Pay	191,449		218,992		255,170
Ancillary	63,849		50,159		39,732
Total revenue(1)	$	1,141,797	$	1,045,073	$	924,137
(1) Includes revenue from CSO programs of $281.6 million, $283.0 million and $256.1 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Summary of Loans Receivable by Product and Related Delinquent Loans

The following tables summarize loans guaranteed by the Company under CSO programs and the related delinquent receivables (in thousands):

	December 31, 2019
	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	61,840		$	1,944		$	63,784
Delinquent loans receivable guaranteed by the Company	12,477			392			12,869
Total loans receivable guaranteed by the Company	74,317			2,336			76,653
Less: Liability for losses on CSO lender-owned consumer loans	(10,553		)	(70		)	(10,623		)
Loans receivable guaranteed by the Company, net	$	63,764		$	2,266		$	66,030

	December 31, 2019
	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past-due	$	10,392	$	326	$	10,718
31-60 days past-due	1,256		40		1,296
61 + days past-due	829		26		855
Total delinquent loans receivable	$	12,477	$	392	$	12,869

	December 31, 2018
	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	65,743		$	2,504		$	68,247
Delinquent loans receivable guaranteed by the Company	11,708			446			12,154
Total loans receivable guaranteed by the Company	77,451			2,950			80,401
Less: Liability for losses on CSO lender-owned consumer loans	(11,582		)	(425		)	(12,007		)
Loans receivable guaranteed by the Company, net	$	65,869		$	2,525		$	68,394

	December 31, 2018
	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past-due	$	9,684	$	369	$	10,053
31-60 days past-due	1,255		48		1,303
61 + days past-due	769		29		798
Total delinquent loans receivable	$	11,708	$	446	$	12,154

The following tables summarize loans receivable by product and the related delinquent loans receivable (in thousands):

	December 31, 2019
	Single-Pay(1)			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	81,447		$	117,682		$	70,565		$	285,452		$	555,146
Delinquent loans receivable	—			43,100			17,510			50,072			110,682
Total loans receivable	81,447			160,782			88,075			335,524			665,828
Less: allowance for losses	(5,869		)	(35,587		)	(10,305		)	(55,074		)	(106,835		)
Loans receivable, net	$	75,578		$	125,195		$	77,770		$	280,450		$	558,993
(1) Of the $81.4 million of Single-Pay receivables, $22.4 million relate to mandated extended payment options for certain Canada Single-Pay loans.

	December 31, 2019
	Unsecured Installment		Secured Installment		Open-End		Total
Delinquent loans receivable
0-30 days past-due	$	15,369	$	8,039	$	21,823	$	45,231
31-60 days past-due	12,403		4,885		13,191		30,479
61 + days past-due	15,328		4,586		15,058		34,972
Total delinquent loans receivable	$	43,100	$	17,510	$	50,072	$	110,682

	December 31, 2018
	Single-Pay(1)			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	80,823		$	141,318		$	75,583		$	207,333		$	505,057
Delinquent loans receivable	—			49,085			17,389			—			66,474
Total loans receivable	80,823			190,403			92,972			207,333			571,531
Less: allowance for losses	(4,189		)	(37,716		)	(12,191		)	(19,901		)	(73,997		)
Loans receivable, net	$	76,634		$	152,687		$	80,781		$	187,432		$	497,534
(1) Of the $80.8 million of Single-Pay receivables, $23.7 million relate to mandated extended payment options for certain Canada Single-Pay loans.

	December 31, 2018
	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past-due	$	17,848	$	7,870	$	25,718
31-60 days past-due	14,705		4,725		19,430
61 + days past-due	16,532		4,794		21,326
Total delinquent loans receivable	$	49,085	$	17,389	$	66,474

Summary of the Activity in the Allowance for Loan Losses

The following table summarizes activity in the allowance for loan losses (dollars in thousands):

	Year Ended December 31, 2018
	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,204		$	39,025		$	13,472		$	6,426		$	—		$	64,127
Charge-offs	(164,342		)	(141,963		)	(46,996		)	(113,150		)	(5,913		)	(472,364		)
Recoveries	115,118			20,175			10,041			41,457			3,603			190,394
Net charge-offs	(49,224		)	(121,788		)	(36,955		)	(71,693		)	(2,310		)	(281,970		)
Provision for losses	48,575			120,469			35,674			86,299			2,310			293,327
Effect of foreign currency translation	(366		)	10			—			(1,131		)	—			(1,487		)
Balance, end of period	$	4,189		$	37,716		$	12,191		$	19,901		$	—		$	73,997
Allowance for loan losses as a percentage of gross loan receivables	5.2		%	19.8		%	13.1		%	9.6		%	N/A			12.9		%

The following table summarizes activity in the allowance for loan losses (dollars in thousands):

	Year Ended December 31, 2019
	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,189		$	37,716		$	12,191		$	19,901		$	—		$	73,997
Charge-offs	(155,250		)	(158,251		)	(47,195		)	(108,319		)	(5,445		)	(474,460		)
Recoveries	109,124			23,660			10,744			19,061			3,284			165,873
Net charge-offs	(46,126		)	(134,591		)	(36,451		)	(89,258		)	(2,161		)	(308,587		)
Provision for losses	47,739			132,433			34,565			123,726			2,161			340,624
Effect of foreign currency translation	67			29			—			705			—			801
Balance, end of period	$	5,869		$	35,587		$	10,305		$	55,074		$	—		$	106,835
Allowance for loan losses as a percentage of gross loan receivables	7.2		%	22.1		%	11.7		%	16.4		%	N/A			16.0		%

Summary of Activity in Credit Services Organization Guarantee Liability

The following table summarizes activity in the liability for losses on CSO lender-owned consumer loans (in thousands):

	Year Ended December 31, 2019
	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	11,582		$	425		$	12,007
Charge-offs	(161,557		)	(3,610		)	(165,167		)
Recoveries	33,248			2,608			35,856
Net charge-offs	(128,309		)	(1,002		)	(129,311		)
Provision for losses	127,280			647			127,927
Balance, end of period	$	10,553		$	70		$	10,623

The following table summarizes activity in the liability for losses on CSO lender-owned consumer loans (in thousands):

	Year Ended December 31, 2018
	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	17,073		$	722		$	17,795
Charge-offs	(165,266		)	(4,469		)	(169,735		)
Recoveries	32,341			3,333			35,674
Net charge-offs	(132,925		)	(1,136		)	(134,061		)
Provision for losses	127,434			839			128,273
Balance, end of period	$	11,582		$	425		$	12,007

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 liability for losses on CSO lender-owned consumer loans, in total (in thousands):

	Year Ended December 31, 2019
	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,189		$	49,298		$	12,616		$	19,901		$	—		$	86,004
Charge-offs	(155,250		)	(319,808		)	(50,805		)	(108,319		)	(5,445		)	(639,627		)
Recoveries	109,124			56,908			13,352			19,061			3,284			201,729
Net charge-offs	(46,126		)	(262,900		)	(37,453		)	(89,258		)	(2,161		)	(437,898		)
Provision for losses	47,739			259,713			35,212			123,726			2,161			468,551
Effect of foreign currency translation	67			29			—			705			—			801
Balance, end of period	$	5,869		$	46,140		$	10,375		$	55,074		$	—		$	117,458

The following table summarizes activity in the allowance for loan losses and the liability for losses on CSO lender-owned consumer loans, in total (in thousands):

	Year Ended December 31, 2018
	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,204		$	56,098		$	14,194		$	6,426		$	—		$	81,922
Charge-offs	(164,342		)	(307,229		)	(51,465		)	(113,150		)	(5,913		)	(642,099		)
Recoveries	115,118			52,516			13,374			41,457			3,603			226,068
Net charge-offs	(49,224		)	(254,713		)	(38,091		)	(71,693		)	(2,310		)	(416,031		)
Provision for losses	48,575			247,903			36,513			86,299			2,310			421,600
Effect of foreign currency translation	(366		)	10			—			(1,131		)	—			(1,487		)
Balance, end of period	$	4,189		$	49,298		$	12,616		$	19,901		$	—		$	86,004

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CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Cash flows from operating activities
Net income from continuing operations	$ 103,898	$ 16,459	$ 60,609
Adjustments to reconcile net income to net cash provided by continuing operating activities:
Depreciation and amortization	18,630	18,337	18,185
Provision for losses	468,551	421,600	312,566
Amortization of debt issuance costs and bond discount	2,971	3,658	4,554
Deferred income taxes	(6,396)	2,126	9,036
Loss on disposal of property and equipment	85	889	2,278
Loss on extinguishment of debt	0	90,569	12,458
Loss from equity method investment	6,295	0	0
Share-based compensation expense	10,323	8,210	965
Realized loss on cash flow hedge	0	556	333
Changes in operating assets and liabilities:
Accrued interest on loans receivable	(12,844)	(11,096)	(16,770)
Prepaid expenses and other assets	10,771	(2,578)	(4,574)
Accounts payable and accrued liabilities	9,798	(5,085)	6,232
Deferred revenue	527	(1,630)	(682)
Income taxes payable	34,102	1,636	529
Income taxes receivable	9,798	(13,287)	2,557
Other assets and liabilities	(5,374)	(6,708)	16,962
Net cash provided by continuing operating activities	651,135	523,656	425,238
Net cash (used in) provided by discontinued operating activities	(504)	10,808	9,666
Net cash provided by continuing operating activities	650,631	534,464	434,904
Cash flows from investing activities
Purchase of property, equipment and software	(13,981)	(14,033)	(8,717)
Loans receivable originated or acquired	(1,835,301)	(2,136,164)	(2,063,213)
Loans receivable repaid	1,327,190	1,558,201	1,660,440
Investments in Cognical Holdings, Inc. (Katapult, formerly known as Zibby)	(8,168)	(958)	(5,600)
Net cash used in continuing investing activities	(530,260)	(592,954)	(417,090)
Net cash used in discontinued investing activities	(14,213)	(27,891)	(15,761)
Net cash used in investing activities	(544,473)	(620,845)	(432,851)
Cash flows from financing activities
Payments on 12.00% Senior Cash Pay Notes	0	0	(125,000)
Payments on subordinated stockholder debt	(2,256)	0	0
Debt issuance costs paid	(200)	(18,609)	(18,701)
Payments of call premiums from early debt extinguishments	0	(69,650)	0
Net proceeds from issuance of common stock	0	11,167	81,117
Payments to net share settle restricted stock units vesting	(2,400)	(1,942)	0
Proceeds from exercise of stock options	149	559	0
Repurchase of common stock	(71,942)	0	0
Dividends paid to stockholders	0	0	(182,000)
Net cash (used in) provided by financing activities	(97,968)	19,092	(36,691)
Effect of exchange rate changes on cash and restricted cash	1,974	(7,345)	7,776
Net increase (decrease) in cash and restricted cash	10,164	(74,634)	(26,862)
Cash and restricted cash at beginning of period	99,857	174,491	201,353
Cash and restricted cash at end of period	110,021	99,857	174,491
Less: Cash and restricted cash of discontinued operations at end of period	0	13,243	12,460
Cash and restricted cash of continuing operations at end of period	110,021	86,614	162,031
10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes	0	0	(426,034)
12.00% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes	0	(605,000)	0
Proceeds from issuance of Senior Secured Notes	0	0	601,054
Non-Recourse U.S. SPV Facility and ABL Facility | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities	0	17,000	60,130
Payments on credit facilities	0	(141,590)	(27,257)
Non-Recourse Canada SPV Facility | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities	23,558	117,157	0
8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	0	690,000	0
Revolving Credit Facility | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Payments on credit facilities	(24,877)	0	0
Revolving Credit Facility | Senior Revolver
Cash flows from financing activities
Proceeds from credit facilities	210,346	131,902	43,084
Payments on credit facilities	$ (230,346)	$ (111,902)	$ (43,084)

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GOODWILL AND INTANGIBLES - Estimated future amortization expense (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 2,065
2021	1,508
2022	838
2023	519
2024	$ 519

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INCOME TAXES - Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income tax expense using the statutory federal rate in effect	$ 29,916	$ 3,805	$ 35,790
Tax effect of:
Effects of foreign rates different than U.S. statutory rate	(1,393)	(65)	(6,993)
State, local and provincial income taxes, net of federal benefit	8,959	313	7,128
Tax credits	(138)	(116)	(450)
Nondeductible expenses	33	77	409
Valuation allowance	1,609	1,983	631
Deferred remeasurement	0	0	683
Repatriation tax	0	(1,610)	8,100
Deferred remeasurement due to the 2017 Tax Act	0	0	(4,162)
Share-based compensation	150	(2,944)	0
Other	(579)	216	511
Total provision for income taxes	$ 38,557	$ 1,659	$ 41,647
Effective income tax rate (as percent)	27.10%	8.40%	40.70%
Statutory federal income tax rate (as percent)	21.00%	21.00%	35.00%

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 111,488	$ (22,053)	$ 49,153
Other comprehensive income (loss):
Cash flow hedges	0
Cash flow hedges		0	333
Foreign currency translation adjustment, net of $0 tax in all periods	22,397	(18,121)	16,713
Other comprehensive income (loss)	22,397	(18,121)	17,046
Comprehensive income (loss)	$ 133,885	$ (40,174)	$ 66,199

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STOCKHOLDERS' EQUITY (Details)							1 Months Ended				12 Months Ended
	Mar. 07, 2018 USD ($)	Jan. 05, 2018 USD ($)	Dec. 11, 2017 USD ($) $ / shares shares	Dec. 06, 2017	Nov. 30, 2017 USD ($)	Nov. 02, 2017 USD ($)	Oct. 31, 2017 USD ($)	Aug. 31, 2017 USD ($)	May 31, 2017 USD ($)	Feb. 28, 2017 USD ($)	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 USD ($) $ / shares shares	Dec. 31, 2017 USD ($)	Feb. 29, 2020 $ / shares	Feb. 05, 2020 $ / shares	Nov. 02, 2018 USD ($)	Dec. 07, 2017 $ / shares
Subsidiary, Sale of Stock [Line Items]
Stock split conversion ratio				36	36
Common stock and preferred stock, authorized (in shares) | shares			250,000,000
Common stock, authorized (in shares) | shares			225,000,000								225,000,000	225,000,000
Common stock, par value (in usd per share) | $ / shares			$ 0.001								$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares) | shares			25,000,000								25,000,000	25,000,000
Preferred stock par value (in usd per share) | $ / shares			$ 0.001								$ 0.001	$ 0.001
Proceeds from IPO			$ 81,100,000
Net proceeds from issuance of common stock	$ 77,500,000										$ 0	$ 11,167,000	$ 81,117,000
Proceeds from dividends received						$ 140,000,000				$ 130,100,000
Dividends paid to stockholders						$ 140,000,000	$ 5,500,000	$ 8,500,000	$ 28,000,000		$ 0	$ 0	$ 182,000,000
12.00% Senior Secured Notes | Senior Notes
Subsidiary, Sale of Stock [Line Items]
Debt instrument, face amount					$ 135,000,000.0					$ 470,000,000.0						$ 135,000,000.0
Stated interest rate					12.00%						12.00%					12.00%
IPO
Subsidiary, Sale of Stock [Line Items]
Number of shares issued via sale of stock (in shares) | shares			6,666,667
Sale price (in usd per share) | $ / shares																	$ 14
Over-Allotment Option
Subsidiary, Sale of Stock [Line Items]
Net proceeds from issuance of common stock		$ 13,100,000
Subsequent event
Subsidiary, Sale of Stock [Line Items]
Dividend payable (in dollars per share) | $ / shares														$ 0.055	$ 0.055
Dividend payable, annualized (in dollars per share) | $ / shares														$ 0.22	$ 0.22

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DOCUMENT AND ENTITY INFORMATION - USD ($)	12 Months Ended
	Dec. 31, 2019	Feb. 28, 2020	Jun. 28, 2019
Cover page.
Entity Registrant Name	CURO Group Holdings Corp.
Entity Central Index Key	0001711291
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Document Type	10-K/A
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	true
Amendment Description	On March 9, 2020, the SEC stopped accepting the INVEST taxonomy. On the day of our filing, our 10-K included the INVEST taxonomy, resulting in Exhibit 101 containing the XBRL Interactive Data File being omitted from the EDGAR filing.
Entity Common Stock, Shares Outstanding		40,733,957
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Public Float			$ 193,493,456

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LOANS RECEIVABLE AND REVENUE - Loans Receivable by Product and Delinquency (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	$ 555,146	$ 505,057
Delinquent loans receivable	110,682	66,474
Total loans receivable	665,828	571,531
Less: allowance for losses	(106,835)	(73,997)	$ (64,127)
Loans receivable, net	558,993	497,534
Consumer Portfolio Segment | Single-Pay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	81,447	80,823
Delinquent loans receivable	0	0
Total loans receivable	81,447	80,823
Less: allowance for losses	(5,869)	(4,189)	(5,204)
Loans receivable, net	75,578	76,634
Consumer Portfolio Segment | Unsecured Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	117,682	141,318
Delinquent loans receivable	43,100	49,085
Total loans receivable	160,782	190,403
Less: allowance for losses	(35,587)	(37,716)	(39,025)
Loans receivable, net	125,195	152,687
Consumer Portfolio Segment | Secured Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	70,565	75,583
Delinquent loans receivable	17,510	17,389
Total loans receivable	88,075	92,972
Less: allowance for losses	(10,305)	(12,191)	(13,472)
Loans receivable, net	77,770	80,781
Consumer Portfolio Segment | Open-End
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	285,452	207,333
Delinquent loans receivable	50,072	0
Total loans receivable	335,524	207,333
Less: allowance for losses	(55,074)	(19,901)	$ (6,426)
Loans receivable, net	280,450	187,432
Canada | Consumer Portfolio Segment | Single-Pay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 22,400	$ 23,700

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SHARE-BASED COMPENSATION

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

The 2010 Equity Incentive Plan (the “2010 Plan”) was originally approved by the Company's stockholders in November 2010, and amended in December 2013. The 2010 Plan provides for the issuance of up to 2,160,000 shares, subject to certain adjustment provisions, and provides for grants of stock options, restricted stock, and stock grants. Awards may be granted to employees, consultants and the Company's directors. In conjunction with approval of the 2017 Incentive Plan, no new awards will be granted under the 2010 Plan.

The Company's stockholder-approved 2017 Incentive Plan provides for the issuance of up to 5.0 million shares, subject to certain adjustment provisions, which may be issued in the form 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 on common stock. Awards may be granted to officers, employees, consultants and directors. The 2017 Incentive Plan provides that shares of common stock subject to awards granted become available for re-issuance if such awards expire, terminate, are canceled for any reason or are forfeited by the recipient.

Stock Options

Stock options are awards which allow the grantee to purchase shares of common stock at prices equal to the fair value at the date of grant. Stock options granted under the 2010 Plan typically vest at a rate of 20% per year over a 5-year period, have a term of 10 years and are subject to limitations on transferability. The Company did not grant stock option awards in 2019 or 2018.

For the year ended December 31, 2017, the fair value of the options granted was calculated at each grant date using a Black-Scholes option-pricing model which assumed the following weighted average assumptions: expected volatility of 45.3%, expected term of 6.1 years, risk-free interest rate of 2.2%, and no expected dividends.

Estimates of fair value are not intended to predict actual future events or the value ultimately realized by individuals who receive equity awards, and subsequent events are not indicative of the reasonableness of the Company's original estimates of fair value. The Company has estimated the expected term of stock options using a formula considering the weighted average vesting term and the original contract term. The expected volatility is estimated based upon the historical volatility of publicly traded stocks from the Company's industry sector (the alternative financial services sector). The expected risk-free interest rate is based on an average of various U.S. Treasury rates based on the expected term of the awards.

CURO's share-based compensation is measured at the grant date, based on the fair value of the award, which is recognized on a straight-line basis over the requisite service period. The Company accounts for forfeitures as they occur in accordance with the election provided under ASU 2016-09, Stock Compensation. See Note 1, "Summary of Significant Accounting Policies and Nature of Operations" for additional information on share-based compensation.

The following table summarizes the Company's stock option activity for the years ended December 31, 2019, 2018 and 2017:

	Stock Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Outstanding at January 1, 2017	1,879,308		$	2.73			4.6	$	2.1
Granted	99,396		$	8.86	$	4.11
Exercised	—		$	—
Forfeited	(1,224	)	$	3.39
Outstanding at December 31, 2017	1,977,480		$	3.04			5.2	$	21.8
Granted	—		$	—	$	—
Exercised	(500,924	)	$	1.46				$	4.0
Forfeited	(31,224	)	$	4.03	$	1.84
Outstanding at December 31, 2018	1,445,332		$	3.56			3.7	$	8.6
Granted	—		$	—
Exercised	(40,014	)	$	3.71				$	0.3
Forfeited	(696	)	$	8.86	$	4.07
Outstanding at December 31, 2019	1,404,622		$	3.56			2.6	$	12.1
Options exercisable at December 31, 2019	1,226,422		$	3.42			2.1	$	10.7

Restricted Stock Units

Grants of time-based RSUs are valued at the date of grant based on the closing market price of common stock and are expensed using the straight-line method over the service period. These RSUs are subject to time-based vesting and typically vest over a three-year period.

Grants of market-based RSUs are valued using the Monte Carlo simulation pricing model. In March 2019, the Company awarded market-based RSUs designed to drive the performance of the management team toward achievement of key corporate objectives. The market-based RSUs vest after three years if the Company's total stockholder return over the three-year performance period meets a specified target relative to other companies in its selected peer group. Expense recognition for the market-based awards occurs over the service period using the straight-line method.

Unvested shares of RSUs 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 activity of time-based and market-based unvested RSUs for the years ended December 31, 2019 and 2018 is presented in the following table:

	Number of RSUs				Weighted Average Grant Date Fair Value per Share
	Time-Based		Market-Based
January 1, 2017	—		—		$	—
Granted	1,516,241		—		$	14.00
Vested	—		—		$	—
Forfeited	—		—		$	—
December 31, 2017	1,516,241		—		$	14.00
Granted	73,663		—		$	18.20
Vested	(508,126	)	—		$	14.00
Forfeited	(21,428	)	—		$	14.00
December 31, 2018	1,060,350		—		$	14.29
Granted	598,114		397,752		$	10.08
Vested	(514,552	)	—		$	14.21
Forfeited	(82,159	)	(2,891	)	$	13.71
December 31, 2019	1,061,753		394,861		$	11.47

Share-based compensation expense, which includes compensation costs from stock options and RSUs, included in the Consolidated Statements of Operations as a component of "Corporate, district and other" expenses is summarized in the following table (in thousands):

	For the year ended,
	2019			2018			2017
Pre-tax share-based compensation expense	$	10,323		$	8,210		$	965
Income tax benefit	(2,632		)	(2,217		)	(386		)
Total share-based compensation expense, net of tax	$	7,691		$	5,993		$	579

As of December 31, 2019, there was $13.1 million of unrecognized compensation cost related to stock options and RSUs, of which $10.3 million related to time-based RSUs and $2.5 million related to market-based RSUs. Total unrecognized compensation costs will be recognized over a weighted-average period of 1.6 years.

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SUPPLEMENTAL CASH FLOW INFORMATION

12 Months Ended

Dec. 31, 2019

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental cash flow information was as follows (in thousands):

	Year Ended December 31,
	2019		2018		2017
Cash paid for:
Interest	$	69,134	$	84,823	$	60,054
Income taxes, net of refunds	2,355		16,311		26,863
Non-cash investing activities:
Property and equipment accrued in accounts payable	631		1,718		1,631

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RELATED-PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2019

Related Party Transactions [Abstract]

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS

The Company has historically used Ad Astra Recovery Services, Inc. (“Ad Astra”), which is owned by the Founder Holders, as its third-party collection services for U.S. operations. The Company acquired Ad Astra on January 3, 2020. See Note 24 - "Subsequent Events" for further information. Generally, once loans are between 91 and 121 days delinquent, the Company referred them to Ad Astra for collections and Ad Astra earned a commission fee equal to 30% of any amounts successfully recovered. Payments collected by Ad Astra on the Company's behalf and commissions payable to Ad Astra were net settled on a one-month lag. The net amount receivable from Ad Astra at December 31, 2019, 2018 and 2017 was $1.4 million, $1.1 million and $0.7 million, respectively. These amounts are included in “Prepaid expenses and other” in the Consolidated Balance Sheets. The commission expense paid to Ad Astra for the years ended December 31, 2019, 2018 and 2017 was $15.5 million, $13.8 million and $12.4 million, respectively, and is included in “Other costs of providing services” in the Consolidated Statements of Operations.

The Company has entered into several operating lease agreements for its corporate office, collection office and stores in which the Company operates, with several real estate entities that are related through common ownership. These operating leases are discussed in Note 17 - "Leases."

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PREPAID EXPENSES AND OTHER

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

PREPAID EXPENSES AND OTHER

PREPAID EXPENSES AND OTHER

Components of Prepaid expenses and other assets were as follows (in thousands):

	December 31, 2019		December 31, 2018
Settlements and collateral due from third-party lenders	$	6,156	$	17,205
Fees receivable from customers under CSO programs	14,564		13,771
Prepaid expenses	4,546		6,456
Other assets	10,624		6,156
Total prepaid expenses and other	$	35,890	$	43,588

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LOANS RECEIVABLE AND REVENUE

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

LOANS RECEIVABLE AND REVENUE

LOANS RECEIVABLE AND REVENUE

Unsecured and Secured Installment revenue includes interest income and non-sufficient-funds or returned-items fees on late or defaulted payments on past-due loans (collectively, “late fees”). Late fees comprise less than 1.0% of Installment revenues.

Open-End revenues include interest income on outstanding revolving balances and other usage or maintenance fees as permitted by underlying statutes.

Single-Pay revenues represent deferred presentment or other fees as defined by the underlying state, provincial or national regulations.

The following table summarizes revenue by product (in thousands):

	Year Ended December 31,
	2019		2018		2017
Unsecured Installment	$	530,730	$	523,282	$	454,758
Secured Installment	110,513		110,677		100,981
Open-End	245,256		141,963		73,496
Single-Pay	191,449		218,992		255,170
Ancillary	63,849		50,159		39,732
Total revenue(1)	$	1,141,797	$	1,045,073	$	924,137
(1) Includes revenue from CSO programs of $281.6 million, $283.0 million and $256.1 million for the years ended December 31, 2019, 2018 and 2017, respectively.

The following tables summarize loans receivable by product and the related delinquent loans receivable (in thousands):

	December 31, 2019
	Single-Pay(1)			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	81,447		$	117,682		$	70,565		$	285,452		$	555,146
Delinquent loans receivable	—			43,100			17,510			50,072			110,682
Total loans receivable	81,447			160,782			88,075			335,524			665,828
Less: allowance for losses	(5,869		)	(35,587		)	(10,305		)	(55,074		)	(106,835		)
Loans receivable, net	$	75,578		$	125,195		$	77,770		$	280,450		$	558,993
(1) Of the $81.4 million of Single-Pay receivables, $22.4 million relate to mandated extended payment options for certain Canada Single-Pay loans.

	December 31, 2019
	Unsecured Installment		Secured Installment		Open-End		Total
Delinquent loans receivable
0-30 days past-due	$	15,369	$	8,039	$	21,823	$	45,231
31-60 days past-due	12,403		4,885		13,191		30,479
61 + days past-due	15,328		4,586		15,058		34,972
Total delinquent loans receivable	$	43,100	$	17,510	$	50,072	$	110,682

	December 31, 2018
	Single-Pay(1)			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	80,823		$	141,318		$	75,583		$	207,333		$	505,057
Delinquent loans receivable	—			49,085			17,389			—			66,474
Total loans receivable	80,823			190,403			92,972			207,333			571,531
Less: allowance for losses	(4,189		)	(37,716		)	(12,191		)	(19,901		)	(73,997		)
Loans receivable, net	$	76,634		$	152,687		$	80,781		$	187,432		$	497,534
(1) Of the $80.8 million of Single-Pay receivables, $23.7 million relate to mandated extended payment options for certain Canada Single-Pay loans.

	December 31, 2018
	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past-due	$	17,848	$	7,870	$	25,718
31-60 days past-due	14,705		4,725		19,430
61 + days past-due	16,532		4,794		21,326
Total delinquent loans receivable	$	49,085	$	17,389	$	66,474

The following tables summarize loans guaranteed by the Company under CSO programs and the related delinquent receivables (in thousands):

	December 31, 2019
	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	61,840		$	1,944		$	63,784
Delinquent loans receivable guaranteed by the Company	12,477			392			12,869
Total loans receivable guaranteed by the Company	74,317			2,336			76,653
Less: Liability for losses on CSO lender-owned consumer loans	(10,553		)	(70		)	(10,623		)
Loans receivable guaranteed by the Company, net	$	63,764		$	2,266		$	66,030

	December 31, 2019
	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past-due	$	10,392	$	326	$	10,718
31-60 days past-due	1,256		40		1,296
61 + days past-due	829		26		855
Total delinquent loans receivable	$	12,477	$	392	$	12,869

	December 31, 2018
	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	65,743		$	2,504		$	68,247
Delinquent loans receivable guaranteed by the Company	11,708			446			12,154
Total loans receivable guaranteed by the Company	77,451			2,950			80,401
Less: Liability for losses on CSO lender-owned consumer loans	(11,582		)	(425		)	(12,007		)
Loans receivable guaranteed by the Company, net	$	65,869		$	2,525		$	68,394

	December 31, 2018
	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past-due	$	9,684	$	369	$	10,053
31-60 days past-due	1,255		48		1,303
61 + days past-due	769		29		798
Total delinquent loans receivable	$	11,708	$	446	$	12,154

The following table summarizes activity in the allowance for loan losses (dollars in thousands):

	Year Ended December 31, 2019
	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,189		$	37,716		$	12,191		$	19,901		$	—		$	73,997
Charge-offs	(155,250		)	(158,251		)	(47,195		)	(108,319		)	(5,445		)	(474,460		)
Recoveries	109,124			23,660			10,744			19,061			3,284			165,873
Net charge-offs	(46,126		)	(134,591		)	(36,451		)	(89,258		)	(2,161		)	(308,587		)
Provision for losses	47,739			132,433			34,565			123,726			2,161			340,624
Effect of foreign currency translation	67			29			—			705			—			801
Balance, end of period	$	5,869		$	35,587		$	10,305		$	55,074		$	—		$	106,835
Allowance for loan losses as a percentage of gross loan receivables	7.2		%	22.1		%	11.7		%	16.4		%	N/A			16.0		%

The following table summarizes activity in the liability for losses on CSO lender-owned consumer loans (in thousands):

	Year Ended December 31, 2019
	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	11,582		$	425		$	12,007
Charge-offs	(161,557		)	(3,610		)	(165,167		)
Recoveries	33,248			2,608			35,856
Net charge-offs	(128,309		)	(1,002		)	(129,311		)
Provision for losses	127,280			647			127,927
Balance, end of period	$	10,553		$	70		$	10,623

The following table summarizes activity in the allowance for loan losses and the liability for losses on CSO lender-owned consumer loans, in total (in thousands):

	Year Ended December 31, 2019
	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,189		$	49,298		$	12,616		$	19,901		$	—		$	86,004
Charge-offs	(155,250		)	(319,808		)	(50,805		)	(108,319		)	(5,445		)	(639,627		)
Recoveries	109,124			56,908			13,352			19,061			3,284			201,729
Net charge-offs	(46,126		)	(262,900		)	(37,453		)	(89,258		)	(2,161		)	(437,898		)
Provision for losses	47,739			259,713			35,212			123,726			2,161			468,551
Effect of foreign currency translation	67			29			—			705			—			801
Balance, end of period	$	5,869		$	46,140		$	10,375		$	55,074		$	—		$	117,458

The following table summarizes activity in the allowance for loan losses (dollars in thousands):

	Year Ended December 31, 2018
	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,204		$	39,025		$	13,472		$	6,426		$	—		$	64,127
Charge-offs	(164,342		)	(141,963		)	(46,996		)	(113,150		)	(5,913		)	(472,364		)
Recoveries	115,118			20,175			10,041			41,457			3,603			190,394
Net charge-offs	(49,224		)	(121,788		)	(36,955		)	(71,693		)	(2,310		)	(281,970		)
Provision for losses	48,575			120,469			35,674			86,299			2,310			293,327
Effect of foreign currency translation	(366		)	10			—			(1,131		)	—			(1,487		)
Balance, end of period	$	4,189		$	37,716		$	12,191		$	19,901		$	—		$	73,997
Allowance for loan losses as a percentage of gross loan receivables	5.2		%	19.8		%	13.1		%	9.6		%	N/A			12.9		%

The following table summarizes activity in the liability for losses on CSO lender-owned consumer loans (in thousands):

	Year Ended December 31, 2018
	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	17,073		$	722		$	17,795
Charge-offs	(165,266		)	(4,469		)	(169,735		)
Recoveries	32,341			3,333			35,674
Net charge-offs	(132,925		)	(1,136		)	(134,061		)
Provision for losses	127,434			839			128,273
Balance, end of period	$	11,582		$	425		$	12,007

The following table summarizes activity in the allowance for loan losses and the liability for losses on CSO lender-owned consumer loans, in total (in thousands):

	Year Ended December 31, 2018
	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,204		$	56,098		$	14,194		$	6,426		$	—		$	81,922
Charge-offs	(164,342		)	(307,229		)	(51,465		)	(113,150		)	(5,913		)	(642,099		)
Recoveries	115,118			52,516			13,374			41,457			3,603			226,068
Net charge-offs	(49,224		)	(254,713		)	(38,091		)	(71,693		)	(2,310		)	(416,031		)
Provision for losses	48,575			247,903			36,513			86,299			2,310			421,600
Effect of foreign currency translation	(366		)	10			—			(1,131		)	—			(1,487		)
Balance, end of period	$	4,189		$	49,298		$	12,616		$	19,901		$	—		$	86,004

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GOODWILL AND INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Change in the Carrying Amount of Goodwill

The change in the carrying amount of Goodwill by operating segment for the years ended December 31, 2019 and 2018 was as follows (in thousands):

	U.S.		Canada			Total
Goodwill at December 31, 2017	$	91,131	$	30,516		$	121,647
Foreign currency translation - 2018	—		(2,366		)	(2,366		)
Goodwill at December 31, 2018	91,131		28,150			119,281
Foreign currency translation - 2019	—		1,328			1,328
Goodwill at December 31, 2019	91,131		29,478			120,609

Identifiable Intangible Assets, Finite-Lived

Identifiable intangible assets consisted of the following:

		December 31, 2019							December 31, 2018
	Weighted-Average Remaining Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Assets not subject to amortization
Trade name	—	$	22,357	$	—		$	22,357	$	21,350	$	—		$	21,350
Assets subject to amortization
Customer relationships	—	8,982		(8,982		)	—		18,299		(17,643		)	656
Computer software	9.2	26,328		(14,758		)	11,570		24,051		(16,273		)	7,778
Balance, end of year		$	57,667	$	(23,740	)	$	33,927	$	63,700	$	(33,916	)	$	29,784

Identifiable Intangible Assets, Indefinite-Lived

Identifiable intangible assets consisted of the following:

		December 31, 2019							December 31, 2018
	Weighted-Average Remaining Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Assets not subject to amortization
Trade name	—	$	22,357	$	—		$	22,357	$	21,350	$	—		$	21,350
Assets subject to amortization
Customer relationships	—	8,982		(8,982		)	—		18,299		(17,643		)	656
Computer software	9.2	26,328		(14,758		)	11,570		24,051		(16,273		)	7,778
Balance, end of year		$	57,667	$	(23,740	)	$	33,927	$	63,700	$	(33,916	)	$	29,784

Estimated Future Amortization Expense Related to Intangible Assets Held

The following table outlines the estimated future amortization expense related to intangible assets held at December 31, 2019 for each of the following five fiscal years (in thousands):

	Year Ending December 31,
2020	$	2,065
2021	1,508
2022	838
2023	519
2024	519

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

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Nature of Operations and Basis of Presentation

Nature of Operations and Basis of Presentation

The terms “CURO" and the “Company” refer to CURO Group Holdings Corp. and its direct and indirect subsidiaries as a combined entity, except where otherwise stated. The term "CFTC" refers to CURO Financial Technologies Corp., the Company's wholly-owned subsidiary, and its directly and indirectly owned subsidiaries as a consolidated entity, except where otherwise stated.

CURO is 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, through February 25, 2019, the U.K.

The Company has prepared the accompanying audited Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). The Company qualifies as a smaller reporting company ("SRC") as defined by the Securities and Exchange Commission ("SEC"), which allows registrants to report information under scaled disclosure requirements. SRC status is determined on an annual basis as of the last business day of the most recently completed second fiscal quarter. Under these rules, the Company met the definition of an SRC as of June 30, 2019, and it will reevaluate as of June 30, 2020.

U.K. Segment Financial Information Recast for Discontinued Operations

On February 25, 2019, the Company placed its U.K. segment into administration, which resulted in treatment of the U.K. segment as discontinued operations for all periods presented. Throughout this report, current and prior period financial information is presented on a continuing operations basis, excluding the results and positions of the U.K. segment. See Note 22, "Discontinued Operations" for additional information. For a full recast of the 2018 Annual Report on Form 10-K on a discontinued operations basis, see the Company's Current Report on Form 8-K filed with the SEC on June 28, 2019.

Initial Public Offering

The Company completed an initial public offering ("IPO") in December 2017. Prior to the IPO, the Company effected a 36-for-1 split of its common stock. CURO has 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. See Note 13, "Stockholders' Equity" for additional information concerning the IPO and stock split.

Principles of Consolidation

Principles of Consolidation

The Consolidated Financial Statements include the accounts of CURO, its wholly-owned subsidiaries and Variable Interest Entities ("VIEs") that meet the requirements of consolidation. Intercompany transactions and balances have been eliminated in consolidation.

Use of Estimates

Use of Estimates

The preparation of 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 the Company has made in the accompanying Consolidated Financial Statements include allowances for loan losses, certain assumptions related to goodwill and intangibles, accruals related to self-insurance, Credit Services Organization ("CSO") liability for losses and estimated tax liabilities. Actual results may differ from those estimates.

Revenue Recognition

Revenue Recognition

CURO offers a broad range of consumer finance products including Unsecured Installment, Secured Installment, Open-End and Single-Pay loans. Revenue in the Consolidated Statements of Operations includes: interest income, finance charges, CSO fees, late fees, non-sufficient funds fees and other ancillary fees as permitted by applicable laws and pursuant to the customer agreements. Product offerings differ by jurisdiction and are governed by the laws in each separate jurisdiction. Installment loans include Secured Installment loans and Unsecured Installment loans. These loans are fully amortizing, with a fixed payment amount, which includes principal and accrued interest, due each period during the loan term. The loan terms for Installment loans can range up to 60 months depending on state or provincial regulations. The Company records revenue from Installment loans on a simple-interest basis. Accrued interest and fees are included in gross loans receivable in the Consolidated Balance Sheets as earned. CSO fees are recognized ratably over the term of the loan as earned.

Open-End loans function much like a revolving line-of-credit, whereby the periodic payment is a fixed percentage of the customer’s outstanding loan balance, and there is no defined loan term. The Company records revenue from Open-End loans on a simple-interest basis. Accrued interest and fees are included in gross loans receivable in the Consolidated Balance Sheets.

Single-Pay loans are primarily unsecured, short-term, small denomination loans, with a small portion being auto title loans, which allow a customer to obtain a loan using their car as collateral. Revenues from Single-Pay loan products are recognized each period on a constant-yield basis ratably over the term of each loan as earned. The Company defers recognition of the unearned fees the Company expects to collect based on the remaining term of the loan at the end of each reporting period.

Check cashing fees, money order fees and other fees from ancillary products and services are generally recognized at the point-of-sale when the transaction is completed. The Company also earns revenue from the sale of credit protection insurance in the Canadian market, which are recognized ratably over the term of the loan.

Cash and cash equivalents, and Restricted cash

Cash and cash equivalents

The Company considers deposits in banks and short-term investments with original maturities of 90 days or less as cash and cash equivalents.

Restricted Cash

The Company's restricted cash includes deposits in collateral accounts with financial institutions, consumer deposits related to prepaid cards and checking account programs, and funds related to loan facilities disclosed in Note 5, "Variable Interest Entities".

Consumer Loans Receivable, Current and Past-Due Loans Receivable, Allowance for Loan Losses, and Credit Services Organization

Consumer Loans Receivable

Consumer loans receivable are net of the allowance for loan losses and are comprised of Unsecured Installment, Secured Installment, Open-End and Single-Pay loans. Single-Pay loans are primarily comprised of payday loans and auto title loans. A payday loan transaction consists of providing a customer cash in exchange for the customer’s personal check or Automated Clearing House (“ACH”) authorization (in the aggregate amount of that cash plus a service fee), with an agreement to defer the presentment or deposit of that check or scheduled ACH withdrawal until the customer’s next payday, which is typically either two weeks or a month from the loan’s origination date. An auto title loan allows a customer to obtain a loan using the customer’s car as collateral for the loan, with a typical loan term of 30 days.

Unsecured Installment, Secured Installment and Open-End loans require periodic payments of principal and interest. Installment loans are fully amortized loans with a fixed payment amount due each period during the term of the loan. Open-End loans function much like a revolving line-of-credit, whereby the periodic payment is a set percentage of the customer’s outstanding loan balance, and there is no defined loan term. The loan terms for Installment loans can range up to 60 months, depending on state regulations. Installment and Open-End loans are offered as both Secured auto title loans and as Unsecured loan products. The product offerings differ by jurisdiction and are governed by the laws in each separate jurisdiction.

Current and Past-Due Loans Receivable

CURO classifies loans receivable as either current or past-due. Single-Pay loans are considered past-due if a customer misses a scheduled payment, at which point the loan is charged-off to the allowance for loan losses. If a customer misses a scheduled payment for Installment and Open-End loans, the entire customer balance is classified as past-due. Installment and Open-End loans are charged-off when the loan has been contractually past-due for 90 consecutive days. All Unsecured and Secured Installment loans were impacted by a change in accounting estimate in the first quarter of 2017, while Open-End loans were impacted by the Q1 2019 Open-End Loss Recognition. These changes in accounting estimates are discussed immediately below.

Q1 2019 Open-End Loss Recognition Change

Effective January 1, 2019, the Company modified the timeframe over which it charges-off Open-End loans and made related refinements to its loss provisioning methodology. Prior to January 1, 2019, the Company deemed Open-End loans uncollectible and charged-off when a customer missed a scheduled payment and the loan was considered past-due. Because of the continued shift to Open-End loans in Canada and analysis of payment patterns on early-stage versus late-stage delinquencies, the Company revised its estimates and now consider Open-End loans uncollectible when the loan has been contractually past-due for 90 consecutive days. Consequently, past-due Open-End loans and related accrued interest now remain in loans receivable for 90 days before being charged off against the allowance for loan losses. All recoveries on charged-off loans are credited to the allowance for loan losses. Quarterly, the Company evaluates the adequacy of the allowance for loan losses compared to the related gross loans receivable balances that include accrued interest.

The aforementioned change was treated as a change in accounting estimate for accounting purposes and applied prospectively beginning January 1, 2019, which the Company refers to throughout this Annual Report as the "Q1 2019 Open-End Loss Recognition Change".

The change affects comparability to prior periods as follows:

• Gross combined loans receivable: balances as of December 31, 2019 include $50.1 million of Open-End loans that are up to 90 days past-due with related accrued interest, while such balances for periods prior to March 31, 2019 do not include any past-due loans.

• Revenues: for the year ended December 31, 2019, gross revenues include interest earned on past-due loan balances of approximately $49 million, while revenues in prior-year periods do not include comparable amounts.

• Provision for Losses: prospectively from January 1, 2019, past-due, unpaid balances plus related accrued interest charge-off on day 91. Provision for losses is affected by NCOs (total charge-offs less total recoveries) plus changes to the Allowance for loan losses. Because NCOs prospectively include unpaid principal and up to 90 days of related accrued interest, NCO amounts and rates are higher and the Open-End Allowance for loan losses as a percentage of Open-End gross loans receivable is higher. The Open-End Allowance for loan losses as a percentage of Open-End gross loans receivable increased to 16.4% at December 31, 2019, compared to 9.6% at December 31, 2018.

For Single-Pay loans, past-due loans are charged-off upon payment default and typically do not return to current for any subsequent payment activity. For Installment and Open-End loans, customers with payment delinquency of 90 consecutive days are charged off. Charged-off loans are never returned to current or performing and all subsequent activity is accounted for within recoveries in the Allowance for loan losses. If a past-due Installment loan customer makes payments sufficient to bring the account current for principal plus all accrued interest or fees pursuant to the original terms of the loan contract before becoming 90 consecutive days past-due, the underlying loan balance returns to current classification.

Depending upon underlying state or provincial regulations, a borrower may be eligible for more than one outstanding loan.

Allowance for Loan Losses

The Company maintains an allowance for loan losses for loans and interest receivable at a level estimated to be adequate to absorb incurred losses based primarily on the Company's analysis of historical loss or charge-off rates for loans containing similar risk characteristics. The allowance for loan losses on the Company-Owned gross loans receivables reduces the outstanding gross loans receivables balance in the Consolidated Balance Sheets. The liability for estimated losses related to loans Guaranteed by the Company under CSO programs is reported in “Liability for losses on CSO lender-owned consumer loans” in the Consolidated Balance Sheets. Changes in either the allowance or the liability, net of charge-offs and recoveries, are recorded as “Provision for losses” in the Consolidated Statements of Operations.

In addition to an analysis of historical loss and charge-off rates, the Company also considers delinquency trends and any macro-economic conditions that it believes may affect portfolio losses. If a loan is deemed to be uncollectible before it is fully reserved based on received information (e.g., receipt of customer bankruptcy notice or death), the Company charges off such loan at that time. 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 impact management’s judgment on the overall adequacy of the allowance for loan losses. Any recoveries on loans previously charged to the allowance are credited to the allowance when collected.

Additionally, during the year ended December 31, 2018, the Company changed the estimated allowance for loan losses for Installment gross combined loans receivable. This was a prospective change in estimate affected by a change in accounting principle. Prior to the change in the estimate, the Company utilized historic collection experience by grouping accounts receivable aging for these products to assess losses inherent in the portfolio and incurred as of the balance sheet date. Given that the Company now has history on performance subsequent to the Q1 2017 Loss Recognition Change, the Company refined the estimation process to utilize charge-off and recovery rates and estimate losses inherent in the portfolio.

Credit Services Organization

Through the CSO programs, the Company acts as a CSO/credit access business ("CAB") on behalf of customers in accordance with applicable state laws. The Company currently offers loans through CSO programs in stores and online in the state of Texas. As a CSO, CURO earns revenue by charging the customer a fee ("CSO fee") for arranging an unrelated third-party to make a loan to that customer. When a customer executes an agreement with CURO under the CSO programs, the Company agrees, for a CSO fee payable to the Company by the customer, to provide certain services to the customer, one of which is to guarantee the customer’s obligation to repay the loan to the third-party lender. CSO fees are calculated based on the amount of the customer's outstanding loan. For CSO loans, each lender is responsible for providing the criteria by which the customer’s application is underwritten and, if approved, determining the amount of the customer loan. The Company is, in turn, responsible for assessing whether or not to guarantee the loan. This guarantee represents an obligation to purchase specific loans if they go in to default.

Prior to May 2019, the Company operated as a CSO in Ohio. In July 2018, the Ohio legislature passed House Bill 123 which significantly limited permissible fees and other terms on short term loans in Ohio. As a result, the Company stopped operating as a CSO in Ohio in April 2019.

CURO currently has relationships with three unaffiliated third-party lenders for CSO programs. The Company periodically evaluates the competitive terms of the unaffiliated third-party lender contracts and such evaluation may result in the transfer of volume and loan balances between lenders. The process does not require significant effort or resources outside the normal course of business and the Company believes the incremental cost of changing or acquiring new unaffiliated third-party lender relationships to be immaterial.

As of December 31,2019, the maximum amount guaranteed by the Company under CSO programs was $62.7 million, compared to $66.9 million at December 31, 2018. Should the Company be required to purchase any portion of the total amount of the loans guaranteed, the Company will attempt to recover some or all of the entire amount from the customers. CURO holds no collateral in respect of the guarantees.

CURO estimates a liability for losses associated with the guaranty provided to the CSO lenders using assumptions and methodologies similar to the allowance for loan losses, which is recognized for the consumer loans. The liability for incurred losses on CSO loans guaranteed by the Company was $10.6 million and $12.0 million at December 31,2019 and 2018, respectively.

CSO fees are calculated based on the amount of the customer’s outstanding loan. The Company complies with the applicable jurisdiction’s Credit Services Organization Act or a similar statue. These laws generally define the services that CURO can provide to consumers and require the Company to provide a contract to the customer outlining its services and related costs. For services provided under the CSO programs, the Company receives payments from customers on their scheduled loan repayment due dates. The CSO fee is earned ratably over the term of the loan as the customers make payments. If a loan is paid off early, no additional CSO fees are due or collected. The maximum CSO loan term is 180 days. During the years ended December 31,2019, 2018 and 2017, approximately 58.2%, 57.3% and 53.6%, respectively, of Unsecured Installment loans, and 54.3%, 54.5% and 53.6%, respectively, of Secured Installment loans originated under CSO programs were paid off prior to the original maturity date.

The Company placed $6.2 million and $17.2 million in collateral accounts for the benefit of lenders at December 31, 2019 and December 31, 2018, respectively, which is reflected in "Prepaid expenses and other" in the Consolidated Balance Sheets. The balances required to be maintained in these collateral accounts vary by lender, typically based on a percentage of the outstanding loan balances held by the lender. The percentage of outstanding loan balances required for collateral is negotiated between the Company and each such lender.

Since CSO loans are made by a third-party lender, they are not included in the Company's Consolidated Balance Sheets as loans receivable. CSO fees receivable are included in “Prepaid expense and other” in the Consolidated Balance Sheets. The Company receives cash from customers for these fees on their scheduled loan repayment due dates.

Income Taxes

Income Taxes

The Company utilizes the asset and liability method of accounting for income taxes as set forth in ASC 740. Under the liability method, deferred taxes are determined based on the temporary differences between the financial statement and tax basis of assets and liabilities using tax rates expected to be in effect during the years in which the basis differences reverse. A valuation allowance is recorded when it is more likely than not that some of the deferred tax assets will not be realized. In determining the need for valuation allowances, the Company considers projected future taxable income and the availability of tax planning strategies. If in the future the Company determines that it would not be able to realize the recorded deferred tax assets, an increase in the valuation allowance would be recorded, decreasing earnings in the period in which such determination is made.

The Company is subject to income taxes throughout the U.S. and Canada and, prior to deconsolidation of the U.K. subsidiaries, in the U.K. The Company recognizes the financial statement benefits for uncertain tax positions as set forth in ASC 740 only if it is more-likely-than-not to be sustained in the event of challenges by relevant taxing authorities based on the technical merit of each tax position. The amounts of uncertain tax positions recognized are the largest benefits that have a greater than 50 percent likelihood of being realized upon settlement with the relevant tax authorities.

Income Taxes

A deferred tax asset or liability is recognized for the anticipated future tax consequences of temporary differences between the tax basis of assets or liabilities and their reported amounts in the financial statements and for operating loss and tax credit carryforwards. A valuation allowance is provided when, in the opinion of management, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Realization of the deferred tax assets is dependent on the Company's ability to generate sufficient future taxable income and, if necessary, execution of tax planning strategies. In the event CURO determines that future taxable income, taking into consideration tax planning strategies, may not generate sufficient taxable income to fully realize net deferred tax assets, the Company may be required to establish or increase valuation allowances by a charge to income tax expense in the period such a determination is made, which may have a material impact on the Consolidated Statements of Operations. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which they expect those temporary differences to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date and it may have a material impact on the Consolidated Statements of Operations.

CURO follows accounting guidance which prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under this guidance, tax positions are initially recognized in the financial statements when it is more likely than not that the position will be sustained upon examination by the tax authorities. Such tax positions are initially and subsequently measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and all relevant facts. Application of this guidance requires numerous estimates based on available information. The Company considers many factors when evaluating and estimating tax positions and tax benefits, and the recognized tax positions and tax benefits may not accurately anticipate actual outcomes. As the Company obtains additional information, they may need to adjust the recognized tax positions and tax benefits.

Variable Interest Entity

Variable Interest Entity

As part of the Company's funding strategy and efforts to support the liquidity from sources other than the traditional capital market sources, the Company established a securitization program through Non-Recourse U.S. and Canada SPV Facilities. The Company entered into the Non-Recourse Canada SPV Facility during the third quarter of 2018 and fully extinguished the Non-Recourse U.S. SPV Facility during the fourth quarter of 2018. The Company transferred certain consumer loan receivables to a wholly-owned, bankruptcy-remote special purpose subsidiary (“VIE”) that issues term notes backed by the underlying consumer loan receivables which are serviced by another wholly-owned subsidiary.

The Company has the ability to direct the activities of the VIE that most significantly impact the economic performance of the entities as the servicer of the securitized loan receivables. Additionally, CURO has the right to receive residual payments, which exposes the Company to the potential for significant losses and returns. Accordingly, the Company determined that they are the primary beneficiary of the VIE and are required to consolidate them. See Note 5, "Variable Interest Entities" for further discussion of the Company's VIEs.

Derivatives

Derivatives

As foreign currency exchange rates change, translation of the financial results of the Canadian operations into U.S. Dollars will be impacted. Operations in Canada represent a significant portion of total operations, and as a result, material changes in the currency exchange rates as between these two countries could have a significant impact on the Company's consolidated financial condition, results of operations or cash flows. From time-to-time, the Company may elect to purchase derivatives to hedge exposures that would qualify as a cash flow or fair value hedge. All other derivatives that are entered into for economic reasons are carried at fair value with the resulting change in fair value recorded the results of operations.

As of December 31, 2019 and 2018, the Company had $112.2 million and $107.5 million, respectively, in variable interest rate debt outstanding related to the Non-Recourse Canada SPV Facility. In August 2018, the Company entered into a four-year C$175.0 million interest rate cap agreement with the Royal Bank of Canada that capped the related three-month CDOR rate at 4.50% beginning in September 2018. During the year ended December 31, 2019 and 2018, the three-month CDOR rate did not exceed 4.50% and did not have any impact on the Company's Statement of Operations.

The Company records derivative instruments at fair value as either an asset or liability on the Consolidated Balance Sheet. Changes in the options intrinsic value, to the extent that they are effective as a hedge, are recorded in Other Comprehensive Income (Loss). For derivatives that qualify and have been designated as cash flow or fair value hedges for accounting purposes, the changes in fair value have no net impact on earnings, to the extent the derivative is considered perfectly effective in achieving offsetting changes in fair value or cash flows attributable to the risk being hedged, until the hedged item is recognized in earnings (commonly referred to as the “hedge accounting” method).

Property and Equipment

Property and Equipment

Property and equipment is carried at cost less accumulated depreciation and amortization, except for property and equipment accounted for as part of a business combination, which is carried at fair value as of the acquisition date less accumulated depreciation and amortization. Expenditures for significant additions and improvements are capitalized. Maintenance repairs and renewals, that do not materially add to the fixed asset's value or appreciably prolong its life, are charged to expense as incurred. Gains and losses on dispositions of property and equipment are included in results of operations.

The estimated useful lives for furniture, fixtures and equipment are five to seven years. The estimated useful lives for leasehold improvements are the shorter of the estimated useful life of the asset, or the term of the lease, and can vary from one year to 15 years. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the depreciable or amortizable assets.

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination at the time of acquisition. In accordance with Accounting Standards Codification ("ASC") 350 Intangibles - Goodwill and Other ("ASC 350"), the Company performs impairment testing for goodwill and indefinite-lived intangible assets annually, as of October 1st, or whenever indicators of impairment exist. An impairment would occur if the carrying amount of a reporting unit exceeded the fair value of that reporting unit. These events or circumstances could include a significant change in the business climate, a change in strategic direction, legal factors, operating performance indicators, a change in the competitive environment, the sale or disposition of a significant portion of a reporting unit or economic outlook. The Company did not record any impairment losses on goodwill from continuing operations during the years ended December 31, 2019, 2018 and 2017.

Goodwill

The annual impairment review for goodwill consists of performing a qualitative assessment to determine whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount as a basis for determining whether or not further testing is required. The Company may elect to bypass the qualitative assessment and proceed directly to the two-step process, for any reporting unit, in any period. The Company can resume the qualitative assessment for any reporting unit in any subsequent period. If the Company determines, on the basis of qualitative factors, that it is more likely than not that the fair value of the reporting unit is less than the carrying amount, the Company will then apply a two-step process of (i) determining the fair value of the reporting unit and (ii) comparing it to the carrying value of the net assets allocated to the reporting unit. When performing the two-step process, if the fair value of the reporting unit exceeds it carrying value, no further analysis or write-down of goodwill is required. In the event the estimated fair value of a reporting unit is less than the carrying value, the Company would recognize an impairment loss equal to such excess, which could significantly and adversely impact reported results of operations and stockholders’ equity.

During the fourth quarter of 2019, the Company performed a quantitative assessment for the U.S. and Canada reporting units. Management concluded that the estimated fair values of these two reporting units were greater than their respective carrying values. As such, no further analysis was required for these reporting units. Refer to Note 4, "Goodwill and Intangibles" for further information.

During the fourth quarter of 2018, the Company performed the qualitative assessment for the U.S. and Canada reporting units. Management concluded that the estimated fair values of these two reporting units were greater than their respective carrying values. As such, no further analysis was required for these reporting units.

Other Intangible Assets

The Company's identifiable intangible assets, resulting from business combinations and internally developed capitalized software, consist of trade names, customer relationships and computer software.

The Company applied the guidance under ASC 350, to software that is purchased or internally developed. Under ASC 350, eligible internal and external costs incurred for the development of computer software applications, as well as for upgrades and enhancements that result in additional functionality of the applications, are capitalized to "Other Intangible Assets, net of accumulated amortization" in the Consolidated Balance Sheets. Internal and external training and maintenance costs are charged to expense as incurred or over the related service period. When a software application is placed in service, the Company begins amortizing the related capitalized software costs using the straight-line method over its estimated useful life, which ranges from three to 10 years.

The “Cash Money” trade name was determined to be an intangible asset with an indefinite life. Intangible assets with indefinite lives are not amortized, but instead are tested annually for impairment and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset might not be recoverable. Impairment of identifiable intangible assets with indefinite lives occurs when the fair value of the asset is less than its carrying amount. If deemed impaired, the asset’s carrying amount is reduced to its estimated fair value. No intangible impairments were recorded during the years ended December 31, 2019, 2018 or 2017. See Note 4, "Goodwill and Intangibles" for further information.

The Company's finite lived intangible assets are amortized over their estimated economic benefit period, generally from three to 10 years. The Company reviews the intangible assets for impairment annually in the fourth quarter or whenever events or changes in circumstances have indicated that the carrying amount of these assets might not be recoverable. If the Company were to determine that events and circumstances warrant a change to the estimate of an identifiable intangible asset’s remaining useful life, then the remaining carrying amount of the identifiable intangible asset would be amortized prospectively over that revised remaining useful life. Additionally, information resulting from the annual assessment, or other events and circumstances, may indicate that the carrying value of one or more identifiable intangible assets is not recoverable which would result in recognition of an impairment charge. There were no changes in events or circumstances related to the Company's continuing operations that caused the Company to review the finite lived intangible assets for impairment for the years ended December 31, 2019, 2018 or 2017. Additionally, no impairments were recorded during the years ended December 31, 2019, 2018 or 2017. See Note 4, "Goodwill and Intangibles" for further information.

Business Combination Accounting

Business Combination Accounting

CURO has acquired businesses in the past, and may acquire additional businesses in the future. Business combination accounting requires that the Company determines the fair value of all assets acquired, including identifiable intangible assets, liabilities assumed and contingent consideration issued in a business combination. The cost of the acquisition is allocated to these assets and liabilities in amounts equal to the estimated fair value of each asset and liability as of the acquisition date, and any remaining acquisition cost is classified as goodwill. This allocation process requires extensive use of estimates and assumptions, including estimates of future cash flows to be generated by the acquired assets. The Company engages third-party appraisal firms to assist in fair value determination when appropriate. The acquisitions may also include contingent consideration, or earn-out provisions, which provide for additional consideration to be paid to the seller if certain conditions are met in the future. These earn-out provisions are estimated and recognized at fair value at the acquisition date based on projected earnings or other financial metrics over specified future periods. These estimates are reviewed during each subsequent reporting period and adjusted based upon actual results. Acquisition-related costs for potential and completed acquisitions are expensed as incurred and included in "Corporate, district and other expenses" in the Consolidated Statements of Operations.

Goodwill is initially valued based on the excess of the purchase price of a business combination over the fair value of the acquired net assets recognized and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Intangible assets other than goodwill are initially valued at fair value. When appropriate, the Company utilizes independent valuation experts to advise and assist in determining the fair value of the identified intangible assets acquired in connection with a business acquisition and in determining appropriate amortization methods and periods for those intangible assets. Any contingent consideration included as part of the purchase is recognized at its fair value on the acquisition date.

Deferred Financing Charges

Deferred Financing Costs

Deferred financing costs consist of debt issuance costs incurred in obtaining financing. These costs are presented in the Consolidated Balance Sheets as a direct reduction from the carrying amount of associated debt, consistent with discounts or premiums. The effective interest rate method is used to amortize the deferred financing costs over the life of the Senior Secured Notes and the straight-line method is used to amortize the deferred financing costs of the Non-Recourse SPV facilities. See Note 9, "Debt" for additional details on the Company's capital resources.

Fair Value Measurements

Fair Value Measurements

The Company determines fair value measurements of financial and non-financial assets and liabilities in accordance with FASB ASC 820, Fair Value Measurements and Disclosures. This guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (also referred to as an exit price). This guidance also establishes a framework for measuring fair value and expands disclosures about fair value measurements. The standard applies whenever other standards require (or permit) assets or liabilities to be measured at fair value.

Concentration Risk

Concentration Risk

Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of its loans receivable. Concentrations of credit risk with respect to loans receivable are limited due to the large number of customers comprising the Company's customer base.

Revenues originated in Texas, California and Ontario represented approximately 24.6%, 18.4%and13.6%, respectively, of the Company's consolidated revenues for the year ended December 31, 2019. Revenues originated in Texas, California and Ontario represented approximately 26.0%, 19.2% and 11.5%, respectively, of the Company's consolidated revenues for the year ended December 31, 2018.

To the extent that laws and regulations are passed that affect the manner in which the Company conducts business in any one of those markets, its financial condition, results of operations and cash flows could be adversely affected. Additionally, the Company's ability to meet its financial obligations could be negatively impacted.

The Company holds cash at major financial institutions that often exceed FDIC insured limits. The Company manages its concentration risk by placing cash deposits in high quality financial institutions and by periodically evaluating the credit quality of the financial institutions holding such deposits. Historically, the Company has not experienced any losses due to such cash concentration.

Operating Leases

Operating Leases

The Company has entered into operating leases for store locations and corporate offices, some of which contain provisions for future rent increases or periods in which rent payments are reduced (abated). As of January 1, 2019, the Company adopted ASU 2016-02, Leases ("Topic 842") which requires leases to be recognized on the balance sheet with the present value of lease payments over the lease term at the commencement date to be expensed. See "Recently Adopted Accounting Pronouncements", below, and Note 17, "Leases" for required disclosures by Topic 842.

Prior to January 1, 2019, in accordance with US GAAP, the Company recorded monthly rent expense equal to the total of the payments due over the lease term, divided by the number of months of the lease term. The difference between rent expense recorded and the amount paid was charged to "Deferred rent" in the Consolidated Balance Sheets.

Advertising Costs

Advertising Costs—Advertising costs are expensed as incurred.

Advertising Costs

Advertising costs are expensed as incurred.

Share-Based Compensation

Share-Based Compensation

CURO accounts for share-based compensation expense for awards to employees and directors at the estimated fair value on the grant date. The Company determines the fair value of stock option grants using the Black-Scholes option pricing model, which requires CURO to make several assumptions including, but not limited to, the risk-free interest rate and the expected volatility of publicly-traded stocks in the financial services industry. The expected option term is calculated using the average of the vesting period and the original contractual term. For restricted stock units ("RSUs"), the value of the award is calculated using the closing market price of the common stock on the grant date for time-based RSUs and using the Monte Carlo simulation pricing model for the market-based RSUs. The Company recognizes the estimated fair value of share-based awards as compensation expense on a straight-line basis over the vesting period. The Company accounts for forfeitures as they occur for all share-based awards.

In accordance with ASC 718, Compensation - Stock Compensation, the Company may choose, upon vesting of employees' RSUs, to return shares of common stock underlying the vested RSUs to the Company in satisfaction of employees' tax withholding obligations (collectively, "net-share settlements") rather than requiring shares of common stock to be sold on the open market to satisfy these tax withholding obligations. The total number of shares of common stock returned to the Company is based on the closing price of the Company's common stock on the applicable vesting date. These net-share settlements reduced the number of shares of common stock that would have otherwise been outstanding on the open market, and the cash CURO paid to satisfy the employee portion of the tax withholding obligations are reflected as a reduction to "Paid-in capital" in the Company's Consolidated Balance Sheets and Consolidated Statements of Changes in Equity.

Foreign Currency Translation

Foreign Currency Translation

The Canadian dollar is considered the functional currency for operations in Canada. All balance sheet accounts are translated into U.S. dollars ("USD") at the exchange rate in effect at each Balance Sheet date. The Statements of Operations are translated at the average rates of exchange during each period. The Company has determined that certain intercompany balances are long-term in nature, and therefore, currency translation adjustments related to those accounts are recorded as a component of "Accumulated other comprehensive (loss)" in the Statements of Stockholders' Equity. For intercompany balances that are settled on a regular basis, currency translation adjustments related to those accounts are recorded as a component of "Corporate, district and other expenses" in the Consolidated Statements of Operations.

Legal and Other Commitments and Contingencies

Legal and Other Commitments and Contingencies

The Company is subject to litigation in the normal course of its business. The Company applies the provisions as defined in the guidance related to accounting for contingencies in determining the recognition and measurement of expense recognition associated with legal claims against the Company. Management uses guidance from internal and external legal counsel on the potential outcome of litigation in determining the need to record liabilities for potential losses and the disclosure of pending legal claims.

Recently Adopted and Issued Accounting Pronouncements Not Yet Adopted

Recently Adopted Accounting Pronouncements

ASU 2016-02

In February 2016, the Financial Accounting Standards Board ("FASB") established Topic 842, Leases, by issuing ASU No. 2016-02, which requires lessees to recognize leases on the balance sheet and disclose key information about leasing arrangements. The Company adopted the standard as of January 1, 2019 using the modified retrospective method, also known as the transition relief method, permitted under ASU 2018-11, which allows companies to retain the comparative prior period presentation method in the period of adoption. The Company elected the package of practical expedients permitted under the transition guidance which, among other things, permits companies to not reassess prior conclusions on lease identification, lease classification and initial direct costs. Under the practical expedient package, the Company also elected to combine lease and non-lease components and to exclude short-term leases, defined as having an initial term of 12 months or less, from the Consolidated Balance Sheets. The Company did not elect the hindsight practical expedient.

As of December 31, 2019, the Company held right of use assets ("ROU assets") and operating lease liabilities ("lease liabilities") of $117.5 million and $125.0 million, respectively. Prepaid rent of $2.7 million and deferred rent of $10.9 million were included in ROU assets and lease liabilities, respectively, at the time of adoption.

See Note 17 - "Leases" for additional information and disclosures required by Topic 842.

ASU 2018-02

In February 2018, the 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"), which permits the reclassification to retained earnings of disproportionate tax effects in accumulated other comprehensive income (loss) caused by the Tax Cuts and Jobs Act of 2017 ("2017 Tax Act"). The Company adopted ASU 2018-02 as of January 1, 2019, which did not have a material impact on the Consolidated Financial Statements.

Recently Issued Accounting Pronouncements Not Yet Adopted

Accounting Pronouncements Related to the Current Expected Credit Loss ("CECL") Standard

ASU 2016-13

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” and subsequent amendments to the guidance: ASU 2018-19 in November 2018, ASU 2019-04 in April 2019, ASU 2019-05 in May 2019, and ASU 2019-10 and ASU 2019-11 in November 2019. The standard, as amended, changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard will replace the current “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. For available-for-sale debt securities, entities will be required to record allowances rather than reduce the carrying amount, as they currently do under the other-than-temporary impairment model. The standard also simplifies the accounting model for purchased credit-impaired debt securities and loans. The amendment will affect loans, debt securities, trade receivables, net investments in leases, off-balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2019-04 clarifies that equity instruments without readily determinable fair values for which an entity has elected the measurement alternative should be remeasured to fair value as of the date that an observable transaction occurred. ASU 2019-05 provides an option to irrevocably elect to measure certain individual financial assets at fair value instead of amortized cost. ASU 2019-10 amends the mandatory effective date for ASU 2016-13. The amendments are effective for fiscal years beginning after December 15, 2022 for entities that are eligible to be defined by the SEC as a SRC, for which the Company qualifies. ASU 2019-11 provides clarity and improves the codification to ASU 2016-13. The amendments should be applied on either a prospective transition or modified-retrospective approach depending on the subtopic. As issued, ASU 2016-13 is effective for annual periods beginning after December 15, 2019, and interim periods therein. Early adoption is permitted for annual periods beginning after December 15, 2018, and interim periods therein. The Company is evaluating its alternatives with respect to the available accounting methods under ASU 2016‑13, including the fair value option. If the fair value option is not utilized, adoption of ASU 2016-13 will increase the allowance for credit losses with a resulting negative adjustment to retained earnings on the date of adoption. The Company expects to defer the adoption of ASU 2016-13 until at least January 1, 2021 as permitted under ASU 2019-10. The Company is currently assessing the impact the adoption of ASU 2016-13 will have on the Consolidated Financial Statements.

ASU 2019-12

In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes,” (Topic 740). The ASU intends to simplify various aspects related to accounting for income taxes and removes certain exceptions to the general principles in the standard. Additionally, the ASU clarifies and amends existing guidance to improve consistent application of its requirements. The amendments of the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The adoption of ASU 2019-12 is not expected to have a material impact on the Consolidated Financial Statements.

ASU 2018-15

In August 2018, the FASB issued ASU 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract (“ASU 2018-15”). ASU 2018-15 requires implementation costs incurred by customers in cloud computing arrangements to be deferred over the noncancellable term of the cloud computing arrangements plus any optional renewal periods (i) that are reasonably certain to be exercised by the customer or (ii) for which exercise of the renewal option is controlled by the cloud service provider. ASU 2018-15 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted. The standard can be adopted either using the prospective or retrospective transition approach. The Company is currently assessing the impact that adoption of ASU 2018-15 will have on the Consolidated Financial Statements.

ASU 2018-13

In August 2018, the FASB issued ASU No. 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which amends ASC 820, Fair Value Measurement. ASU 2018-13 modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The provisions of ASU 2018-13 are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods therein. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU 2018-13 and delay adoption of the additional disclosures until their effective date. The removed and modified disclosures will be adopted on a retrospective basis and the new disclosures will be adopted on a prospective basis. The adoption of ASU 2018-13 is not expected to have a material impact on the Consolidated Financial Statements.

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QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

The following is a summary of the quarterly results of operations for the years ended December 31, 2019 and 2018 (dollars in thousands, except per share amounts):

	2019
	First Quarter		Second Quarter			Third Quarter			Fourth Quarter
Revenue	$	277,939	$	264,300		$	297,264		$	302,294
Provision for losses	102,385		112,010			123,867			130,289
Net revenue	$	175,554	$	152,290		$	173,397		$	172,005
Total cost of providing services	$	70,057	$	71,109		$	76,758		$	76,706
Gross margin	$	105,497	$	81,181		$	96,639		$	95,299
Net income from continuing operations	28,673		17,667			27,987			29,571
Net income (loss) from discontinued operations, net of tax	$	8,375	$	(834	)	$	(598	)	$	647
Net income	$	37,048	$	16,833		$	27,389		$	30,218
Basic income (loss) per share:
Continuing operations	$	0.62	$	0.38		$	0.63		$	0.71
Discontinued operations	0.18		(0.02		)	(0.01		)	0.02
Basic income per share	$	0.80	$	0.36		$	0.62		$	0.73
Diluted income (loss) per share:
Continuing operations	$	0.61	$	0.38		$	0.61		$	0.68
Discontinued operations	0.18		(0.02		)	(0.01		)	0.01
Diluted income per share	$	0.79	$	0.36		$	0.60		$	0.69
Basic weighted average shares outstanding	46,424		46,451			44,422			41,500
Diluted weighted average shares outstanding	47,319		47,107			46,010			43,243

	2018
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Revenue	$	250,843		$	237,169		$	269,482		$	287,579
Provision for losses	76,883			86,347			127,692			130,678
Net revenue	$	173,960		$	150,822		$	141,790		$	156,901
Total cost of providing services	$	68,114		$	73,474		$	81,196		$	75,219
Gross margin	$	105,846		$	77,348		$	60,594		$	81,682
Net income (loss) from continuing operations	24,913			18,718			(42,590		)	15,418
Net loss from discontinued operations, net of tax	$	(1,621	)	$	(2,743	)	$	(4,432	)	$	(29,716	)
Net income (loss)	$	23,292		$	15,975		$	(47,022	)	$	(14,298	)
Basic income (loss) per share:
Continuing operations	$	0.55		$	0.41		$	(0.93	)	$	0.33
Discontinued operations	(0.04		)	(0.06		)	(0.10		)	(0.64		)
Basic income (loss) per share	$	0.51		$	0.35		$	(1.03	)	$	(0.31	)
Diluted income (loss) per share:
Continuing operations	$	0.53		$	0.39		$	(0.93	)	$	0.32
Discontinued operations	(0.03		)	(0.06		)	(0.10		)	(0.62		)
Diluted income (loss) per share	$	0.50		$	0.33		$	(1.03	)	$	(0.30	)
Basic weighted average shares outstanding	45,506			45,650			45,853			46,158
Diluted weighted average shares outstanding	47,416			47,996			45,853			47,773

The Company's operations are subject to seasonal fluctuations. Typically, the Company's cost of revenue, which represents loan loss provision, is lowest as a percentage of revenue in the first quarter of each year.

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EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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

	Year Ended December 31,
	2019		2018			2017(1)
Net income from continuing operations	$	103,898	$	16,459		$	60,609
Income (loss) from discontinued operations, net of tax	7,590		(38,512		)	(11,456		)
Net income (loss)	$	111,488	$	(22,053	)	$	49,153
Weighted average common shares - basic	44,685		45,815			38,351
Dilutive effect of stock options and restricted stock units	1,289		2,150			926
Weighted average common shares - diluted	45,974		47,965			39,277
Basic earnings (loss) per share:
Continuing operations	$	2.33	$	0.36		$	1.58
Discontinued operations	0.17		(0.84		)	(0.30		)
Basic earnings (loss) per share	$	2.50	$	(0.48	)	$	1.28
Diluted earnings (loss) per share:
Continuing operations	$	2.26	$	0.34		$	1.54
Discontinued operations	0.17		(0.80		)	(0.29		)
Diluted earnings (loss) per share	$	2.43	$	(0.46	)	$	1.25
(1) The per share information has been adjusted to give effect to the 36-to-1 stock split of the Company's common stock which was effective December 6, 2017.

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SEGMENT REPORTING - Summary of Long-lived Assets by Geographical Region (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	$ 70,811	$ 76,750
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	43,618	47,918
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	$ 27,193	$ 28,832

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SUBSEQUENT EVENTS (Tables)

12 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

Schedule of Share Repurchase Program

The table below summarizes share repurchase activity during the year ended December 31, 2019 (in thousands, except for per share amounts and number of share amounts):

	Year Ended December 31, 2019
Total number of shares repurchased	3,614,541
Average price paid per share	$	12.52
Total value of shares repurchased	$	45,241
Total authorized repurchase amount for the period presented	$	50,000
Total value of shares repurchased	45,241
Total remaining authorized repurchase amount	$	4,759

The Company completed the $50.0 million share repurchase program announced in April 2019 by repurchasing 455,255 remaining shares between January 1, 2020 through February 5, 2020, as disclosed below (in thousands, except per share and number of share amounts):

	January 1 - February 5
	2020
Total number of shares repurchased	455,255
Average price paid per share	$	10.45
Total value of shares repurchased	$	4,759

On February 5, 2020, the Company's Board of Directors announced the authorization of a new share repurchase program for up to $25.0 million of its common stock. The share repurchase program will continue until completed or terminated. Under the program, shares may be repurchased in the open market or in privately negotiated transactions at times and amounts considered appropriate by CURO. The Company repurchased 51,302 shares between February 24, 2020 through March 6, 2020 (in thousands, except per share amounts and number of share amounts):

	February 24 - March 6
	2020
Total number of shares repurchased	51,302
Average price paid per share	$	9.75
Total value of shares repurchased	$	500

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LEASES - Schedule of Future Minimum Lease Payments, ASC 842 (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
2020	$ 34,719
2021	31,293
2022	28,164
2023	20,896
2024	15,624
Thereafter	39,706
Total	170,402
Less: Imputed interest	(45,404)
Operating lease liabilities	124,998
Third-Party
Lessee, Lease, Description [Line Items]
2020	30,965
2021	27,520
2022	24,497
2023	19,574
2024	14,657
Thereafter	36,170
Total	153,383
Less: Imputed interest	(41,237)
Operating lease liabilities	112,146
Related-Party
Lessee, Lease, Description [Line Items]
2020	3,754
2021	3,773
2022	3,667
2023	1,322
2024	967
Thereafter	3,536
Total	17,019
Less: Imputed interest	(4,167)
Operating lease liabilities	$ 12,852

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EARNINGS PER SHARE - Summary of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Net income from continuing operations	$ 29,571	$ 27,987	$ 17,667	$ 28,673	$ 15,418	$ (42,590)	$ 18,718	$ 24,913	$ 103,898	$ 16,459	$ 60,609
Net (loss) income from discontinued operations, before income tax	647	(598)	(834)	8,375	(29,716)	(4,432)	(2,743)	(1,621)	7,590	(38,512)	(11,456)
Net income (loss)	$ 30,218	$ 27,389	$ 16,833	$ 37,048	$ (14,298)	$ (47,022)	$ 15,975	$ 23,292	$ 111,488	$ (22,053)	$ 49,153
Weighted average common shares - basic (in shares)	41,500	44,422	46,451	46,424	46,158	45,853	45,650	45,506	44,685	45,815	38,351
Dilutive effect of stock options and restricted stock units (in shares)									1,289	2,150	926
Weighted average common shares - diluted (in shares)	43,243	46,010	47,107	47,319	47,773	45,853	47,996	47,416	45,974	47,965	39,277
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	$ 0.71	$ 0.63	$ 0.38	$ 0.62	$ 0.33	$ (0.93)	$ 0.41	$ 0.55	$ 2.33	$ 0.36	$ 1.58
Discontinued operations (in dollars per share)	0.02	(0.01)	(0.02)	0.18	(0.64)	(0.10)	(0.06)	(0.04)	0.17	(0.84)	(0.30)
Basic earnings per share (in dollars per share)	0.73	0.62	0.36	0.80	(0.31)	(1.03)	0.35	0.51	2.50	(0.48)	1.28
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	0.68	0.61	0.38	0.61	0.32	(0.93)	0.39	0.53	2.26	0.34	1.54
Discontinued operations (in dollars per share)	0.01	(0.01)	(0.02)	0.18	(0.62)	(0.10)	(0.06)	(0.03)	0.17	(0.80)	(0.29)
Diluted earnings per share (in dollars per share)	$ 0.69	$ 0.60	$ 0.36	$ 0.79	$ (0.30)	$ (1.03)	$ 0.33	$ 0.50	$ 2.43	$ (0.46)	$ 1.25

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PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 172,300	$ 161,799
Accumulated depreciation and amortization	(101,489)	(85,049)
Property and equipment, net	70,811	76,750
Depreciation expense	15,800	15,600	$ 16,100
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	134,574	126,903
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 37,726	$ 34,896

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DEBT - Non-Recourse Canada SPV Facility (Details) $ in Thousands		1 Months Ended
	Aug. 02, 2018 CAD ($)	Apr. 30, 2019	Aug. 31, 2018 CAD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Line of Credit Facility [Line Items]
Debt				$ 790,544	$ 804,140
Line of Credit | Non-Recourse Canada SPV Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument, term	4 years		4 years
Line of credit facility, maximum borrowing capacity	$ 175,000,000.0		$ 175,000,000.0
Credit facility, expansion capacity	$ 250,000,000.0
Commitment fee on unused portion	0.50%
Debt instrument, extended term		1 year
Debt				112,221	$ 107,479
Debt issuance costs capitalized				$ 3,000
Line of Credit | Non-Recourse Canada SPV Facility | Revolving Credit Facility | CDOR
Line of Credit Facility [Line Items]
Basis spread	6.75%

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SHARE-BASED COMPENSATION - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Payment Arrangement [Abstract]
Pre-tax share-based compensation expense	$ 10,323	$ 8,210	$ 965
Income tax benefit	(2,632)	(2,217)	(386)
Total share-based compensation expense, net of tax	$ 7,691	$ 5,993	$ 579

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DEBT - Future Maturities of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
2020	$ 0
2021	0
2022	38,414
2023	76,829
2024	0
Thereafter	690,000
Debt (before deferred financing costs and discounts)	805,243
Less: deferred financing costs and discounts	14,699
Debt, net	$ 790,544	$ 804,140

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CREDIT SERVICES ORGANIZATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Liability for losses on CSO lender-owned consumer loans	$ 10,623	$ 12,007	$ 17,795
Credit Services Organization Programs
Loans and Leases Receivable Disclosure [Line Items]
Credit services organization, fees receivable	14,700	14,300
Liability for losses on CSO lender-owned consumer loans	10,600	12,000
Amounts placed in collateral accounts	$ 6,200	17,200
Credit Services Organization Programs | Maximum
Loans and Leases Receivable Disclosure [Line Items]
CSO program loan terms	6 months
Credit Services Organization Programs | Financial Guarantee
Loans and Leases Receivable Disclosure [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 62,700	$ 66,900

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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

The classification of property and equipment was as follows (in thousands):

	December 31, 2019			December 31, 2018
Leasehold improvements	$	134,574		$	126,903
Furniture, fixtures and equipment	37,726			34,896
Property and equipment, gross	172,300			161,799
Accumulated depreciation and amortization	(101,489		)	(85,049		)
Property and equipment, net	$	70,811		$	76,750

Depreciation expense for continuing operations was $15.8 million, $15.6 million and $16.1 million for the years ended December 31, 2019, 2018 and 2017, respectively.

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CREDIT SERVICES ORGANIZATION

12 Months Ended

Dec. 31, 2019

Guarantees [Abstract]

CREDIT SERVICES ORGANIZATION

CREDIT SERVICES ORGANIZATION

The CSO fee receivables under CSO programs were $14.7 million and $14.3 million at December 31, 2019 and December 31, 2018, respectively. The Company bears the risk of loss through its guarantee to purchase specific customer loans that are in default with the lenders. The terms of these loans range up to six months. See Note 1, "Significant Accounting Policies and Nature of Operations" for a description of its accounting policies. As of December 31, 2019 and December 31, 2018, the maximum amount payable under all such guarantees was $62.7 million and $66.9 million, respectively. If the Company is required to pay any portion of the total amount of the loans it has guaranteed, it will attempt to recover some or the entire amount from the applicable customers. The Company holds no collateral in respect of the guarantees. The Company estimates a liability for losses associated with the guaranty provided to the CSO lenders using assumptions and methodologies similar to the Allowance for loan losses, which it recognizes for its consumer loans. Liability for incurred losses on CSO loans Guaranteed by the Company was $10.6 million and $12.0 million at December 31, 2019 and December 31, 2018, respectively.

The Company placed $6.2 million and $17.2 million in collateral accounts for the benefit of lenders at December 31, 2019 and December 31, 2018, respectively, which is reflected in "Prepaid expenses and other" in the Consolidated Balance Sheets. The balances required to be maintained in these collateral accounts vary by lender, typically based on a percentage of the outstanding loan balances held by the lender. The percentage of outstanding loan balances required for collateral is negotiated between the Company and each such lender.

Deferred revenue associated with the CSO program was immaterial for the years ended December 31, 2019, 2018, and 2017 and there were no costs to obtain or costs to fulfill capitalized under the program. See Note 6, "Loans Receivable and Revenue" for additional information related to loan balances and the revenue recognized under the program.

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SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

Acquisition

In December 2019, the Company entered into a Stock Purchase Agreement to acquire Ad Astra (the "Acquisition") for a base purchase price of $15.8 million. Ad Astra, a related party, discussed further in Note 18 - "Related Party Transactions", provides account servicing and recovery and served as the Company's exclusive third-party servicer prior to the acquisition. The transaction was subject to customary adjustments for net-working capital, cash and debt, and closed on January 3, 2020 for total cash of $17.8 million. Ad Astra will be consolidated and included in the Condensed Consolidated Financial Statements beginning in the first quarter of 2020. The Acquisition will be accounted for as a business combination, subject to the provisions of ASC 805-10-50, Business Combinations. Due to the timing of the Acquisition, the Company is currently in process of completing the initial purchase accounting and has not made all of the remaining disclosures required by ASC 805 Business Combinations, such as the fair value of assets acquired and supplemental pro forma information, which will be disclosed in subsequent filings upon the completion of the initial purchase accounting.

Share Repurchase Programs

The Company completed the $50.0 million share repurchase program announced in April 2019 by repurchasing 455,255 remaining shares between January 1, 2020 through February 5, 2020, as disclosed below (in thousands, except per share and number of share amounts):

	January 1 - February 5
	2020
Total number of shares repurchased	455,255
Average price paid per share	$	10.45
Total value of shares repurchased	$	4,759

On February 5, 2020, the Company's Board of Directors announced the authorization of a new share repurchase program for up to $25.0 million of its common stock. The share repurchase program will continue until completed or terminated. Under the program, shares may be repurchased in the open market or in privately negotiated transactions at times and amounts considered appropriate by CURO. The Company repurchased 51,302 shares between February 24, 2020 through March 6, 2020 (in thousands, except per share amounts and number of share amounts):

	February 24 - March 6
	2020
Total number of shares repurchased	51,302
Average price paid per share	$	9.75
Total value of shares repurchased	$	500

Dividend

On February 5, 2020, the Company's Board of Directors announced the initiation of a dividend program and declared its first quarterly cash dividend of $0.055 per share ($0.22 per share annualized). The dividend was paid on March 2, 2020 to stockholders of record as of the close of business on February 18, 2020.

New Credit Facility

On February 4, 2020, the Company executed a non-binding letter of intent for an additional $200.0 million Non-Recourse Revolving Credit Facility to fund growing U.S. portfolios. The facility would have a 90% advance rate with a 5.75% LIBOR spread.

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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

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

	Year Ended December 31,
	2019		2018			2017(1)
Net income from continuing operations	$	103,898	$	16,459		$	60,609
Income (loss) from discontinued operations, net of tax	7,590		(38,512		)	(11,456		)
Net income (loss)	$	111,488	$	(22,053	)	$	49,153
Weighted average common shares - basic	44,685		45,815			38,351
Dilutive effect of stock options and restricted stock units	1,289		2,150			926
Weighted average common shares - diluted	45,974		47,965			39,277
Basic earnings (loss) per share:
Continuing operations	$	2.33	$	0.36		$	1.58
Discontinued operations	0.17		(0.84		)	(0.30		)
Basic earnings (loss) per share	$	2.50	$	(0.48	)	$	1.28
Diluted earnings (loss) per share:
Continuing operations	$	2.26	$	0.34		$	1.54
Discontinued operations	0.17		(0.80		)	(0.29		)
Diluted earnings (loss) per share	$	2.43	$	(0.46	)	$	1.25
(1) The per share information has been adjusted to give effect to the 36-to-1 stock split of the Company's common stock which was effective December 6, 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, these shares are not included in calculating diluted earnings per share. For the year ended December 31, 2019, there were 0.4 million of potential shares of common stock excluded from the calculation of Diluted earnings per share because their effect was anti-dilutive. There was no effect for the years ended December 31, 2018 and 2017.

The Company utilizes the "control number" concept in the computation of Diluted earnings per share to determine whether potential common stock instruments are dilutive. The control number used is income from continuing operations. The control number concept requires that the same number of potentially dilutive securities applied in computing diluted earnings per share from continuing operations be applied to all other categories of income or loss, regardless of their anti-dilutive effect on such categories.

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PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Classification of Property and Equipment

The classification of property and equipment was as follows (in thousands):

	December 31, 2019			December 31, 2018
Leasehold improvements	$	134,574		$	126,903
Furniture, fixtures and equipment	37,726			34,896
Property and equipment, gross	172,300			161,799
Accumulated depreciation and amortization	(101,489		)	(85,049		)
Property and equipment, net	$	70,811		$	76,750

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EARNINGS PER SHARE - Narrative (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	0.4	0.0	0.0

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GOODWILL AND INTANGIBLES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Accumulated impairment	$ 0
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 2,900,000	$ 2,700,000	$ 2,400,000
Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life, finite-lived intangible assets	3 years
Minimum | Customer relationships and computer software
Finite-Lived Intangible Assets [Line Items]
Estimated useful life, finite-lived intangible assets	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life, finite-lived intangible assets	10 years
Maximum | Customer relationships and computer software
Finite-Lived Intangible Assets [Line Items]
Estimated useful life, finite-lived intangible assets	10 years
Cash Money Trade Name
Indefinite-lived Intangible Assets [Line Items]
Carrying value of indefinite-lived intangible asset	$ 22,400,000

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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

The following is a summary of the quarterly results of operations for the years ended December 31, 2019 and 2018 (dollars in thousands, except per share amounts):

	2019
	First Quarter		Second Quarter			Third Quarter			Fourth Quarter
Revenue	$	277,939	$	264,300		$	297,264		$	302,294
Provision for losses	102,385		112,010			123,867			130,289
Net revenue	$	175,554	$	152,290		$	173,397		$	172,005
Total cost of providing services	$	70,057	$	71,109		$	76,758		$	76,706
Gross margin	$	105,497	$	81,181		$	96,639		$	95,299
Net income from continuing operations	28,673		17,667			27,987			29,571
Net income (loss) from discontinued operations, net of tax	$	8,375	$	(834	)	$	(598	)	$	647
Net income	$	37,048	$	16,833		$	27,389		$	30,218
Basic income (loss) per share:
Continuing operations	$	0.62	$	0.38		$	0.63		$	0.71
Discontinued operations	0.18		(0.02		)	(0.01		)	0.02
Basic income per share	$	0.80	$	0.36		$	0.62		$	0.73
Diluted income (loss) per share:
Continuing operations	$	0.61	$	0.38		$	0.61		$	0.68
Discontinued operations	0.18		(0.02		)	(0.01		)	0.01
Diluted income per share	$	0.79	$	0.36		$	0.60		$	0.69
Basic weighted average shares outstanding	46,424		46,451			44,422			41,500
Diluted weighted average shares outstanding	47,319		47,107			46,010			43,243

	2018
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Revenue	$	250,843		$	237,169		$	269,482		$	287,579
Provision for losses	76,883			86,347			127,692			130,678
Net revenue	$	173,960		$	150,822		$	141,790		$	156,901
Total cost of providing services	$	68,114		$	73,474		$	81,196		$	75,219
Gross margin	$	105,846		$	77,348		$	60,594		$	81,682
Net income (loss) from continuing operations	24,913			18,718			(42,590		)	15,418
Net loss from discontinued operations, net of tax	$	(1,621	)	$	(2,743	)	$	(4,432	)	$	(29,716	)
Net income (loss)	$	23,292		$	15,975		$	(47,022	)	$	(14,298	)
Basic income (loss) per share:
Continuing operations	$	0.55		$	0.41		$	(0.93	)	$	0.33
Discontinued operations	(0.04		)	(0.06		)	(0.10		)	(0.64		)
Basic income (loss) per share	$	0.51		$	0.35		$	(1.03	)	$	(0.31	)
Diluted income (loss) per share:
Continuing operations	$	0.53		$	0.39		$	(0.93	)	$	0.32
Discontinued operations	(0.03		)	(0.06		)	(0.10		)	(0.62		)
Diluted income (loss) per share	$	0.50		$	0.33		$	(1.03	)	$	(0.30	)
Basic weighted average shares outstanding	45,506			45,650			45,853			46,158
Diluted weighted average shares outstanding	47,416			47,996			45,853			47,773

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COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Dec. 31, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Accrual for costs related to litigation	$ 2.5

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS - Narrative (Details)				1 Months Ended	3 Months Ended		6 Months Ended	12 Months Ended
	Aug. 02, 2018 CAD ($)	Dec. 06, 2017	Nov. 30, 2017	Aug. 31, 2018 CAD ($)	Dec. 31, 2019 USD ($) lender reporting_unit	Dec. 31, 2018 USD ($) reporting_unit	Sep. 30, 2019 USD ($)	Dec. 31, 2019 USD ($) lender	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Jan. 01, 2019 USD ($)	Sep. 30, 2018
Debt Instrument [Line Items]
Stock split conversion ratio		36	36
Loans receivable, expected term								60 months
Delinquent loans receivable					$ 110,682,000	$ 66,474,000		$ 110,682,000	$ 66,474,000
CSO guarantee liability					10,623,000	12,007,000		10,623,000	12,007,000	$ 17,795,000
Debt					$ 790,544,000	$ 804,140,000		790,544,000	804,140,000
Number of reporting units | reporting_unit					2	2
Intangible impairments, indefinite lived								0	0	0
Intangible impairments, definite lived								0	0	0
Right of use asset - operating leases					$ 117,453,000			117,453,000
Lease liability - operating leases					$ 124,999,000			$ 124,999,000
Accounting Standards Update 2016-02
Debt Instrument [Line Items]
Prepaid rent											$ 2,700,000
Deferred rent											$ 10,900,000
Credit Services Organization Programs
Debt Instrument [Line Items]
Number of unaffiliated third-party lenders for CSO programs | lender					3			3
CSO guarantee liability					$ 10,600,000	$ 12,000,000		$ 10,600,000	12,000,000
Amounts placed in collateral accounts					6,200,000	17,200,000		6,200,000	17,200,000
Credit Services Organization Programs | Financial Guarantee
Debt Instrument [Line Items]
Guarantor obligations, maximum exposure, undiscounted					62,700,000	66,900,000		$ 62,700,000	66,900,000
Consumer Portfolio Segment | Auto Title Loan
Debt Instrument [Line Items]
Loans receivable, expected term								30 days
Consumer Portfolio Segment | Open-End
Debt Instrument [Line Items]
Delinquent loans receivable					50,072,000	0		$ 50,072,000	0
Interest earned on past-due loan balances								49,000,000
Consumer Portfolio Segment | Unsecured Installment
Debt Instrument [Line Items]
Delinquent loans receivable					43,100,000	49,085,000		43,100,000	49,085,000
CSO guarantee liability					10,553,000	11,582,000		$ 10,553,000	$ 11,582,000	$ 17,073,000
Consumer Portfolio Segment | Unsecured Installment | Credit Services Organization Programs
Debt Instrument [Line Items]
Loans receivable loans paid off prior to maturity date under CSO program								58.20%	57.30%	53.60%
Consumer Portfolio Segment | Secured Installment
Debt Instrument [Line Items]
Delinquent loans receivable					17,510,000	17,389,000		$ 17,510,000	$ 17,389,000
CSO guarantee liability					$ 70,000	425,000		$ 70,000	$ 425,000	$ 722,000
Consumer Portfolio Segment | Secured Installment | Credit Services Organization Programs
Debt Instrument [Line Items]
Loans receivable loans paid off prior to maturity date under CSO program								54.30%	54.50%	53.60%
Minimum
Debt Instrument [Line Items]
Estimated useful life, finite-lived intangible assets								3 years
Minimum | Computer software
Debt Instrument [Line Items]
Estimated useful life, finite-lived intangible assets								3 years
Minimum | Furniture, fixtures and equipment
Debt Instrument [Line Items]
Estimated useful lives								5 years
Minimum | Leasehold improvements
Debt Instrument [Line Items]
Estimated useful lives								1 year
Maximum
Debt Instrument [Line Items]
Estimated useful life, finite-lived intangible assets								10 years
Maximum | Computer software
Debt Instrument [Line Items]
Estimated useful life, finite-lived intangible assets								10 years
Maximum | Furniture, fixtures and equipment
Debt Instrument [Line Items]
Estimated useful lives								7 years
Maximum | Leasehold improvements
Debt Instrument [Line Items]
Estimated useful lives								15 years
Maximum | Consumer Portfolio Segment | Installment Loans
Debt Instrument [Line Items]
Loans receivable, expected term								60 months
Texas | Maximum | Credit Services Organization Programs
Debt Instrument [Line Items]
Loans receivable, expected term								180 days
Credit Concentration Risk
Debt Instrument [Line Items]
Concentration risk, percentage								16.00%	12.90%
Credit Concentration Risk | Consumer Portfolio Segment | Open-End
Debt Instrument [Line Items]
Concentration risk, percentage								16.40%	9.60%
Credit Concentration Risk | Consumer Portfolio Segment | Secured Installment
Debt Instrument [Line Items]
Concentration risk, percentage								11.70%	13.10%
Credit Concentration Risk | Allowance For Loan Losses | Consumer Portfolio Segment | Open-End
Debt Instrument [Line Items]
Concentration risk, percentage								16.40%	9.60%
Credit Concentration Risk | Allowance For Loan Losses | Consumer Portfolio Segment | Unsecured Installment
Debt Instrument [Line Items]
Concentration risk, percentage								22.10%	19.80%
Geographic Concentration Risk | Revenue Benchmark | Texas
Debt Instrument [Line Items]
Concentration risk, percentage								24.60%	26.00%
Geographic Concentration Risk | Revenue Benchmark | California
Debt Instrument [Line Items]
Concentration risk, percentage								18.40%	19.20%
Geographic Concentration Risk | Revenue Benchmark | Ontario
Debt Instrument [Line Items]
Concentration risk, percentage								13.60%	11.50%
Katapult
Debt Instrument [Line Items]
Ownership percentage					43.80%		43.80%	43.80%
Loss on investment							$ 3,700,000	$ 2,500,000
Amount of obligations guaranteed to be paid					$ 5,500,000			5,500,000
Katapult | Minimum
Debt Instrument [Line Items]
Contract pricing								300
Katapult | Maximum
Debt Instrument [Line Items]
Contract pricing								3,500
Revolving Credit Facility | Non-Recourse Canada SPV Facility | Line of Credit
Debt Instrument [Line Items]
Debt					$ 112,221,000	$ 107,479,000		$ 112,221,000	$ 107,479,000
Debt instrument, term	4 years			4 years
Line of credit facility, maximum borrowing capacity	$ 175,000,000.0			$ 175,000,000.0
CDOR | Revolving Credit Facility | Non-Recourse Canada SPV Facility | Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate					4.50%	4.50%		4.50%	4.50%			4.50%

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LEASES - Schedule of Future Minimum Lease Payments, ASC 840 (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Lessee, Lease, Description [Line Items]
2019	$ 27,541
2020	23,832
2021	20,625
2022	17,880
2023	10,974
Thereafter	14,176
Total	115,028
Third-Party
Lessee, Lease, Description [Line Items]
2019	24,211
2020	20,547
2021	17,301
2022	14,558
2023	10,269
Thereafter	13,446
Total	100,332
Related-Party
Lessee, Lease, Description [Line Items]
2019	3,330
2020	3,285
2021	3,324
2022	3,322
2023	705
Thereafter	730
Total	$ 14,696

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DEBT - Senior Secured Notes (Details) - USD ($)		1 Months Ended	12 Months Ended
	Mar. 07, 2018	Aug. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Nov. 02, 2018	Sep. 30, 2018	Nov. 30, 2017	Feb. 28, 2017
Line of Credit Facility [Line Items]
Loss on extinguishment of debt			$ 0	$ 90,569,000	$ 12,458,000
Debt			$ 790,544,000	804,140,000
8.25% Senior Notes Due 2025
Line of Credit Facility [Line Items]
Stated interest rate			8.25%
Senior Notes | 8.25% Senior Notes Due 2025
Line of Credit Facility [Line Items]
Stated interest rate		8.25%	8.25%				8.25%
Debt instrument, face amount		$ 690,000,000.0
Debt issuance costs capitalized		$ 11,700,000
Debt instrument, term		5 years
Loss on extinguishment of debt				69,200,000
Debt			$ 678,323,000	$ 676,661,000
Senior Notes | 12.00% Senior Secured Notes
Line of Credit Facility [Line Items]
Stated interest rate			12.00%			12.00%		12.00%
Debt instrument, face amount						$ 135,000,000.0		$ 135,000,000.0	$ 470,000,000.0
Debt issuance costs capitalized								$ 18,300,000
Amount of redemption	$ 77,500,000
Redemption price, percentage of redemption amount (as percent)	112.00%
Loss on extinguishment of debt	$ 11,700,000
Debt	$ 527,500,000

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SHARE-BASED COMPENSATION - Summary of Restricted Stock Units (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Time-Based
Restricted Stock Units
Outstanding, beginning of period (in shares)	1,060,350	1,516,241	0
Granted (in shares)	598,114	73,663	1,516,241
Vested (in shares)	(514,552)	(508,126)	0
Forfeited (in shares)	(82,159)	(21,428)	0
Outstanding, end of period (in shares)	1,061,753	1,060,350	1,516,241
Weighted Average Grant Date Fair Value
Weighted average grant date fair value, beginning of period (in usd per share)	$ 14.29	$ 14.00	$ 0.00
Weighted average grant date fair value, granted (in usd per share)	10.08	18.20	14.00
Weighted average grant date fair value, vested (in usd per share)	14.21	14.00	0.00
Weighted average grant date fair value, forfeited (in usd per share)	13.71	14.00	0.00
Weighted average grant date fair value, end of period (in usd per share)	$ 11.47	$ 14.29	$ 14.00
Market-Based
Restricted Stock Units
Outstanding, beginning of period (in shares)	0	0	0
Granted (in shares)	397,752	0	0
Vested (in shares)	0	0	0
Forfeited (in shares)	(2,891)	0	0
Outstanding, end of period (in shares)	394,861	0	0

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DEBT - Ranking and Guarantees (Details) - 8.25% Senior Notes Due 2025	12 Months Ended
	Dec. 31, 2019	Sep. 30, 2018	Aug. 31, 2018
Debt Instrument [Line Items]
Stated interest rate	8.25%
Senior Notes
Debt Instrument [Line Items]
Stated interest rate	8.25%	8.25%	8.25%
Senior Notes | Prior to September 1, 2021
Debt Instrument [Line Items]
Redemption price as percent of principal redeemed (as percent)	40.00%
Redemption price, percentage (as percent)	108.20%
Senior Notes | 12 months beginning September 1, 2021
Debt Instrument [Line Items]
Redemption price, percentage (as percent)	104.10%
Senior Notes | 12 months beginning September 1, 2022
Debt Instrument [Line Items]
Redemption price, percentage (as percent)	102.10%
Senior Notes | 12 months beginning September 1, 2023 and thereafter
Debt Instrument [Line Items]
Redemption price, percentage (as percent)	100.00%

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LOANS RECEIVABLE AND REVENUE - Allowance For Doubtful Accounts, CSO Guarantee Liability (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period				$ 86,004				$ 81,922	$ 86,004	$ 81,922
Charge-offs									(639,627)	(642,099)
Recoveries									201,729	226,068
Net charge-offs									(437,898)	(416,031)
Provision for losses	$ 130,289	$ 123,867	$ 112,010	102,385	$ 130,678	$ 127,692	$ 86,347	76,883	468,551	421,600	$ 312,566
Effect of foreign currency translation									801	(1,487)
Balance, end of period	117,458				86,004				117,458	86,004	81,922
Consumer Portfolio Segment | Single-Pay
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period				4,189				5,204	4,189	5,204
Charge-offs									(155,250)	(164,342)
Recoveries									109,124	115,118
Net charge-offs									(46,126)	(49,224)
Provision for losses									47,739	48,575
Effect of foreign currency translation									67	(366)
Balance, end of period	5,869				4,189				5,869	4,189	5,204
Consumer Portfolio Segment | Unsecured Installment
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period				49,298				56,098	49,298	56,098
Charge-offs									(319,808)	(307,229)
Recoveries									56,908	52,516
Net charge-offs									(262,900)	(254,713)
Provision for losses									259,713	247,903
Effect of foreign currency translation									29	10
Balance, end of period	46,140				49,298				46,140	49,298	56,098
Consumer Portfolio Segment | Secured Installment
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period				12,616				14,194	12,616	14,194
Charge-offs									(50,805)	(51,465)
Recoveries									13,352	13,374
Net charge-offs									(37,453)	(38,091)
Provision for losses									35,212	36,513
Effect of foreign currency translation									0	0
Balance, end of period	10,375				12,616				10,375	12,616	14,194
Consumer Portfolio Segment | Open-End
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period				19,901				6,426	19,901	6,426
Charge-offs									(108,319)	(113,150)
Recoveries									19,061	41,457
Net charge-offs									(89,258)	(71,693)
Provision for losses									123,726	86,299
Effect of foreign currency translation									705	(1,131)
Balance, end of period	55,074				19,901				55,074	19,901	6,426
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									(5,445)	(5,913)
Recoveries									3,284	3,603
Net charge-offs									(2,161)	(2,310)
Provision for losses									2,161	2,310
Effect of foreign currency translation									0	0
Balance, end of period	$ 0				$ 0				$ 0	$ 0	$ 0

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SUBSEQUENT EVENTS - Narrative (Details) - USD ($)				1 Months Ended			12 Months Ended
		Feb. 04, 2020	Jan. 03, 2020	Mar. 06, 2020	Feb. 05, 2020	Dec. 31, 2019	Dec. 31, 2019	Feb. 29, 2020	Apr. 30, 2019
Subsequent Event [Line Items]
Total value of shares repurchased	[1]						$ 72,343,000
Subsequent event
Subsequent Event [Line Items]
Total number of shares repurchased (in shares)					455,255
Dividend payable (in dollars per share)					$ 0.055			$ 0.055
Dividend payable, annualized (in dollars per share)					$ 0.22			$ 0.22
Ad Astra
Subsequent Event [Line Items]
Acquisition price						$ 15,800,000
Ad Astra | Subsequent event
Subsequent Event [Line Items]
Acquisition price			$ 17,800,000
Repurchase Program, 2019
Subsequent Event [Line Items]
Total authorized repurchase amount for the period presented						$ 50,000,000	$ 50,000,000		$ 50,000,000.0
Total number of shares repurchased (in shares)							3,614,541
Average price paid per share (in dollars per share)							$ 12.52
Total value of shares repurchased							$ 45,241,000
Repurchase Program, 2019 | Subsequent event
Subsequent Event [Line Items]
Total number of shares repurchased (in shares)					455,255
Average price paid per share (in dollars per share)					$ 10.45
Total value of shares repurchased					$ 4,759,000
Repurchase Program, 2020 | Subsequent event
Subsequent Event [Line Items]
Total authorized repurchase amount for the period presented					$ 25,000,000.0
Total number of shares repurchased (in shares)				51,302
Average price paid per share (in dollars per share)				$ 9.75
Total value of shares repurchased				$ 500,000
Non-Recourse Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Subsequent event
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity		$ 200,000,000.0
Advance rate		90.00%
London Interbank Offered Rate (LIBOR) | Non-Recourse Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Subsequent event
Subsequent Event [Line Items]
Basis spread		5.75%

[1] Includes the repurchase of 2,000,000 shares of common stock from FFL for $13.55 per share. See Note 23 - "Share Repurchase Program" for additional information.

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SHARE-BASED COMPENSATION Tables (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes the Company's stock option activity for the years ended December 31, 2019, 2018 and 2017:

	Stock Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in millions)
Outstanding at January 1, 2017	1,879,308		$	2.73			4.6	$	2.1
Granted	99,396		$	8.86	$	4.11
Exercised	—		$	—
Forfeited	(1,224	)	$	3.39
Outstanding at December 31, 2017	1,977,480		$	3.04			5.2	$	21.8
Granted	—		$	—	$	—
Exercised	(500,924	)	$	1.46				$	4.0
Forfeited	(31,224	)	$	4.03	$	1.84
Outstanding at December 31, 2018	1,445,332		$	3.56			3.7	$	8.6
Granted	—		$	—
Exercised	(40,014	)	$	3.71				$	0.3
Forfeited	(696	)	$	8.86	$	4.07
Outstanding at December 31, 2019	1,404,622		$	3.56			2.6	$	12.1
Options exercisable at December 31, 2019	1,226,422		$	3.42			2.1	$	10.7

Schedule of Restricted Stock Activity

A summary of the activity of time-based and market-based unvested RSUs for the years ended December 31, 2019 and 2018 is presented in the following table:

	Number of RSUs				Weighted Average Grant Date Fair Value per Share
	Time-Based		Market-Based
January 1, 2017	—		—		$	—
Granted	1,516,241		—		$	14.00
Vested	—		—		$	—
Forfeited	—		—		$	—
December 31, 2017	1,516,241		—		$	14.00
Granted	73,663		—		$	18.20
Vested	(508,126	)	—		$	14.00
Forfeited	(21,428	)	—		$	14.00
December 31, 2018	1,060,350		—		$	14.29
Granted	598,114		397,752		$	10.08
Vested	(514,552	)	—		$	14.21
Forfeited	(82,159	)	(2,891	)	$	13.71
December 31, 2019	1,061,753		394,861		$	11.47

Share-based Compensation Expense

Share-based compensation expense, which includes compensation costs from stock options and RSUs, included in the Consolidated Statements of Operations as a component of "Corporate, district and other" expenses is summarized in the following table (in thousands):

	For the year ended,
	2019			2018			2017
Pre-tax share-based compensation expense	$	10,323		$	8,210		$	965
Income tax benefit	(2,632		)	(2,217		)	(386		)
Total share-based compensation expense, net of tax	$	7,691		$	5,993		$	579

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QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 302,294	$ 297,264	$ 264,300	$ 277,939	$ 287,579	$ 269,482	$ 237,169	$ 250,843	$ 1,141,797	$ 1,045,073	$ 924,137
Provision for losses	130,289	123,867	112,010	102,385	130,678	127,692	86,347	76,883	468,551	421,600	312,566
Net revenue	172,005	173,397	152,290	175,554	156,901	141,790	150,822	173,960	673,246	623,473	611,571
Total cost of providing services	76,706	76,758	71,109	70,057	75,219	81,196	73,474	68,114	294,630	298,003	276,406
Gross margin	95,299	96,639	81,181	105,497	81,682	60,594	77,348	105,846	378,616	325,470	335,165
Net income from continuing operations	29,571	27,987	17,667	28,673	15,418	(42,590)	18,718	24,913	103,898	16,459	60,609
Net income (loss) from discontinued operations, net of tax	647	(598)	(834)	8,375	(29,716)	(4,432)	(2,743)	(1,621)	7,590	(38,512)	(11,456)
Net income	$ 30,218	$ 27,389	$ 16,833	$ 37,048	$ (14,298)	$ (47,022)	$ 15,975	$ 23,292	$ 111,488	$ (22,053)	$ 49,153
Continuing operations (in dollars per share)	$ 0.71	$ 0.63	$ 0.38	$ 0.62	$ 0.33	$ (0.93)	$ 0.41	$ 0.55	$ 2.33	$ 0.36	$ 1.58
Discontinued operations (in dollars per share)	0.02	(0.01)	(0.02)	0.18	(0.64)	(0.10)	(0.06)	(0.04)	0.17	(0.84)	(0.30)
Basic earnings per share (in dollars per share)	0.73	0.62	0.36	0.80	(0.31)	(1.03)	0.35	0.51	2.50	(0.48)	1.28
Continuing operations (in dollars per share)	0.68	0.61	0.38	0.61	0.32	(0.93)	0.39	0.53	2.26	0.34	1.54
Discontinued operations (in dollars per share)	0.01	(0.01)	(0.02)	0.18	(0.62)	(0.10)	(0.06)	(0.03)	0.17	(0.80)	(0.29)
Diluted earnings per share (in dollars per share)	$ 0.69	$ 0.60	$ 0.36	$ 0.79	$ (0.30)	$ (1.03)	$ 0.33	$ 0.50	$ 2.43	$ (0.46)	$ 1.25
Weighted average common shares - basic (in shares)	41,500	44,422	46,451	46,424	46,158	45,853	45,650	45,506	44,685	45,815	38,351
Weighted average common shares - diluted (in shares)	43,243	46,010	47,107	47,319	47,773	45,853	47,996	47,416	45,974	47,965	39,277

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VARIABLE INTEREST ENTITIES (Tables)

12 Months Ended

Dec. 31, 2019

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 the Company's special purpose subsidiaries were as follows (in thousands):

	December 31, 2019		December 31, 2018
Assets
Restricted cash	$	17,427	$	12,840
Loans receivable less allowance for loan losses	220,067		136,187
Total Assets	$	237,494	$	149,027
Liabilities
Accounts payable and accrued liabilities	$	13,462	$	4,980
Deferred revenue	46		40
Accrued interest	871		831
Intercompany payable	69,639		44,330
Debt	112,221		107,479
Total Liabilities	$	196,239	$	157,660

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SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The following table presents summarized financial information concerning the Company's reportable segments (in thousands):

	Year Ended December 31,
	2019		2018		2017
Revenues by segment: (1)
U.S.	$	913,506	$	853,141	$	737,729
Canada	228,291		191,932		186,408
Consolidated revenue	$	1,141,797	$	1,045,073	$	924,137
Net revenues by segment:
U.S.	$	521,401	$	504,530	$	470,238
Canada	151,845		118,943		141,333
Consolidated net revenue	$	673,246	$	623,473	$	611,571
Gross margin by segment:
U.S.	$	302,952	$	284,828	$	267,215
Canada	75,664		40,642		67,950
Consolidated gross margin	$	378,616	$	325,470	$	335,165
Segment operating income (loss):
U.S.	$	99,152	$	1,117	$	51,459
Canada	43,303		17,001		50,797
Consolidated operating profit	$	142,455	$	18,118	$	102,256
Expenditures for long-lived assets by segment:
U.S.	$	12,733	$	11,105	$	7,406
Canada	1,879		2,928		1,311
Consolidated expenditures for long-lived assets	$	14,612	$	14,033	$	8,717
(1) For revenue by product, see Note 6, "Loans Receivable and Revenue."

The following table provides the proportion of gross loans receivable by segment (in thousands):

	December 31, 2019		December 31, 2018
U.S.	$	363,453	$	361,473
Canada	302,375		210,058
Total gross loans receivable	$	665,828	$	571,531

Summary of Long-lived Assets by Geographic Region

The following table presents the Company's net long-lived assets, comprised of property and equipment, by segment. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located (in thousands):

	December 31, 2019		December 31, 2018
U.S.	$	43,618	$	47,918
Canada	27,193		28,832
Total	$	70,811	$	76,750

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VARIABLE INTEREST ENTITIES - Carrying Amounts of Consolidated VIE Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets:
Total Assets	$ 1,081,895	$ 919,617
Liabilities
Total Liabilities	1,031,382	938,718
Variable Interest Entity
Assets:
Restricted cash	17,427	12,840
Loans receivable less allowance for loan losses	220,067	136,187
Total Assets	237,494	149,027
Liabilities
Accounts payable and accrued liabilities	13,462	4,980
Deferred revenue	46	40
Accrued interest	871	831
Intercompany payable	69,639	44,330
Debt	112,221	107,479
Total Liabilities	$ 196,239	$ 157,660

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INCOME TAXES - Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred Tax Assets, Valuation Allowance [Roll Forward]
Balance at the beginning of year	$ 6,996	$ 4,375	$ 3,717
Increase to balance charged as expense	1,609	1,983	631
Effect of foreign currency translation	(277)	638	27
Balance at end of year	$ 8,328	$ 6,996	$ 4,375

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Revenue	$ 1,141,797	$ 1,045,073	$ 924,137
Provision for losses	468,551	421,600	312,566
Net revenue	673,246	623,473	611,571
Cost of providing services
Salaries and benefits	108,980	106,754	104,103
Occupancy	55,987	53,684	53,568
Office	23,187	26,533	19,703
Other costs of providing services	53,078	51,669	52,469
Advertising	53,398	59,363	46,563
Total cost of providing services	294,630	298,003	276,406
Gross margin	378,616	325,470	335,165
Operating expense
Corporate, district and other expenses	160,103	132,401	137,755
Interest expense	69,763	84,382	82,696
Loss on extinguishment of debt	0	90,569	12,458
Loss from equity method investment	6,295	0	0
Total operating expense	236,161	307,352	232,909
Income from continuing operations before income taxes	142,455	18,118	102,256
Provision for income taxes	38,557	1,659	41,647
Net income from continuing operations	103,898	16,459	60,609
Loss from discontinued operations, before income taxes	(39,048)	(38,682)	(10,527)
Income tax (benefit) expense related to disposition	(46,638)	(170)	929
Net income (loss) from discontinued operations	7,590	(38,512)	(11,456)
Net income (loss)	$ 111,488	$ (22,053)	$ 49,153
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	$ 2.33	$ 0.36	$ 1.58
Discontinued operations (in dollars per share)	0.17	(0.84)	(0.30)
Basic earnings per share (in dollars per share)	2.50	(0.48)	1.28
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	2.26	0.34	1.54
Discontinued operations (in dollars per share)	0.17	(0.80)	(0.29)
Diluted earnings per share (in dollars per share)	$ 2.43	$ (0.46)	$ 1.25
Weighted average common shares outstanding:
Basic (in shares)	44,685	45,815	38,351
Diluted (in shares)	45,974	47,965	39,277

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SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash paid for:
Interest	$ 69,134	$ 84,823	$ 60,054
Income taxes, net of refunds	2,355	16,311	26,863
Non-cash investing activities:
Property and equipment accrued in accounts payable	$ 631	$ 1,718	$ 1,631

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LOANS RECEIVABLE AND REVENUE - Delinquent Loans - Aging Analysis (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	$ 110,682	$ 66,474
0-30 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	45,231	25,718
31-60 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	30,479	19,430
61 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	34,972	21,326
Consumer Portfolio Segment | Unsecured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	43,100	49,085
Consumer Portfolio Segment | Unsecured Installment | 0-30 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	15,369	17,848
Consumer Portfolio Segment | Unsecured Installment | 31-60 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	12,403	14,705
Consumer Portfolio Segment | Unsecured Installment | 61 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	15,328	16,532
Consumer Portfolio Segment | Secured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	17,510	17,389
Consumer Portfolio Segment | Secured Installment | 0-30 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	8,039	7,870
Consumer Portfolio Segment | Secured Installment | 31-60 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	4,885	4,725
Consumer Portfolio Segment | Secured Installment | 61 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	4,586	4,794
Consumer Portfolio Segment | Open-End
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	50,072	$ 0
Consumer Portfolio Segment | Open-End | 0-30 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	21,823
Consumer Portfolio Segment | Open-End | 31-60 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	13,191
Consumer Portfolio Segment | Open-End | 61 days past-due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	$ 15,058

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - Affiliated Entity - Share Repurchase Agreement with FFL	1 Months Ended
	Aug. 31, 2019 $ / shares shares
Total number of shares repurchased (in shares) | shares	2,000,000
Average price paid per share (in dollars per share) | $ / shares	$ 13.55

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BENEFIT PLANS

12 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

BENEFIT PLANS

BENEFIT PLANS

In conjunction with its IPO, the Company approved the 2017 Employee Stock Purchase Plan ("ESPP") that provides certain of its employees the opportunity to purchase shares of its common stock through separate offerings that may vary in terms. The Company has provided for the issuance of up to 2,500,000 shares to be utilized in the ESPP. Although approved, the Company has not authorized employees to purchase shares under the ESPP.

In 2015, the Company instituted a nonqualified deferred compensation plan that provides certain of its employees with the opportunity to elect to defer base salary and performance-based compensation, which, upon such election, will be credited to the participant’s deferred compensation account. Participant contributions are fully vested at all times. Each deferred compensation account will be invested in one or more investment funds made available by the Company and selected by the participant. The Company may make discretionary contributions to the individual deferred compensation accounts, with the amount, if any, determined annually by us. The Company's contributions vest over three years. Each vested deferred compensation account will be paid out in a lump sum either upon a participant’s separation from service or a future date chosen by the participant at the time of enrollment. The amount deferred under this plan totaled $4.7 million, $3.6 million and $3.3 million as of December 31, 2019, 2018 and 2017, respectively, and was recorded in "Other long-term liabilities" on the Consolidated Statement of Operations.

In 2013, the Company instituted a Registered Retirement Savings Plan (“RRSP”) which covers all Canadian employees. The Company matches the employee contribution at a rate of 50% of the first 6% of compensation contributed to the RRSP. Employee contributions vest immediately. Employer contributions vest 50% after one year and 100% after two years. The Company's contributions to the RRSP were $0.3 million, $0.2 million and $0.2 million as of December 31, 2019, 2018 and 2017, respectively.

In 2010, the Company instituted a 401(k) retirement savings plan which covers all U.S. employees. Employees may voluntarily contribute up to 90% of their compensation, as defined, to the 401(k) plan. The Company matches the employee contribution at a rate of 50% of the first 6% of compensation contributed to the plan. Employee contributions vest immediately. Employer contributions vest one-third for each of the first three years of employment until fully vested after three years of employment. The Company's contributions to the plan were $1.5 million, $1.4 million and $1.3 million for the years ended December 31, 2019, 2018 and 2017, respectively.

The Company owns life insurance policies on plan beneficiaries as an informal funding vehicle to meet future benefit obligations. These policies are recorded at their cash surrender value and are included in other assets. Income generated from policies is recorded in "Corporate, district and other expenses" on the Consolidated Statement of Operations.

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INCOME TAXES

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

Income before taxes and income tax expense (benefit) was comprised of the following:

	Year Ended December 31,
(in thousands)	2019		2018			2017
Income (loss) before taxes:
U.S. tax jurisdictions	$	119,241	$	16,759		$	67,771
Non-U.S. tax jurisdictions	23,214		1,359			34,485
Total income (loss) before taxes	$	142,455	$	18,118		$	102,256
Current tax provision (benefit)
Federal	$	3,160	$	(7,983	)	$	19,935
State	395		(1,518		)	2,409
Foreign	930		7,748			10,542
Total current provision (benefit)	4,485		(1,753		)	32,886
Deferred tax provision (benefit)
Federal	22,978		7,471			6,283
State	5,145		631			2,647
Foreign	5,949		(4,690		)	(169		)
Total deferred tax provision (benefit)	34,072		3,412			8,761
Total provision for income taxes	$	38,557	$	1,659		$	41,647

The Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act”) enacted various changes to the U.S. federal corporate tax law. Some of the most significant provisions impacting the Company include a reduced U.S. corporate income tax rate from 35% to 21% effective in 2018 and a one-time “deemed repatriation” tax on unremitted earnings accumulated in non-U.S. jurisdictions. Pursuant to ASC 740, Income Taxes, the Company recognized the effects of changes in tax laws and rates on deferred tax assets and liabilities. The total impact of the 2017 Tax Act was comprised of expense of $6.5 million related to the deemed repatriation of unremitted earnings of foreign subsidiaries ($8.1 million provisional expense in 2017 and a benefit of $1.6 million in 2018) and a benefit of $4.2 million related to the remeasurement of the Company's net deferred tax liabilities arising from a lower U.S. corporate tax rate. The remaining provisions of the 2017 Tax Act are not expected to have a material impact on the Company's results of operations or financial condition.

The benefit associated with the remeasurement of the Company's net deferred tax liabilities arising from a lower U.S. corporate tax rate will be recognized as cash benefits at varying times as related assets and liabilities impact current tax expense.

As of December 31, 2019, the Company had undistributed earnings of certain foreign subsidiaries of $181.3 million. The Company intends to reinvest its foreign earnings indefinitely in the 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 $181.3 million were distributed to the U.S., the Company would be subject to estimated Canadian withholding taxes of approximately $9.1 million. In the event the earnings were distributed to the U.S., the Company would adjust its income tax provision for the period and would determine the amount of foreign tax credit that would be available.

The sources of deferred income tax assets (liabilities) are summarized as follows:

	Year Ended December 31,
(in thousands)	2019			2018
Deferred tax assets related to:
Accrued expenses and other reserves	$	2,092		$	3,267
Lease liability	32,009			—
Compensation accruals	6,354			4,954
Deferred revenue	461			78
Federal net operating loss and capital loss carryforwards	13,693			—
State and provincial net operating loss carryforwards	3,228			1,611
Foreign net operating loss and capital loss carryforwards	4,754			3,592
Tax credit carryforwards	158			—
Gross deferred tax assets	62,749			13,502
Less: Valuation allowance	(8,328		)	(6,996		)
Net deferred tax assets	$	54,421		$	6,506
Deferred tax liabilities related to:
Property and equipment	$	(3,339	)	$	(3,870	)
Right of use asset	(29,251		)	—
Goodwill and other intangible assets	(14,986		)	(14,508		)
Prepaid expenses and other assets	(628		)	(197		)
Loans receivable	(5,614		)	(127		)
Gross deferred tax liabilities	(53,818		)	(18,702		)
Net deferred tax liabilities	$	603		$	(12,196	)

Deferred tax assets and liabilities are included in the following line items in the Consolidated Balance Sheets:

	Year Ended December 31,
(in thousands)	2019			2018
Net current deferred tax assets	$	5,055		$	1,534
Net long-term deferred tax liabilities	(4,452		)	(13,730		)
Net deferred tax liabilities	$	603		$	(12,196	)

Differences between the Company's effective income tax rate computed on net earnings or loss before income taxes and the statutory federal income tax rate were as follows (dollars in thousands):

	Year Ended December 31,
	2019			2018			2017
Income tax expense using the statutory federal rate in effect	$	29,916		$	3,805		$	35,790
Tax effect of:
Effects of foreign rates different than U.S. statutory rate	(1,393		)	(65		)	(6,993		)
State, local and provincial income taxes, net of federal benefit	8,959			313			7,128
Tax credits	(138		)	(116		)	(450		)
Nondeductible expenses	33			77			409
Valuation allowance	1,609			1,983			631
Deferred remeasurement	—			—			683
Repatriation tax	—			(1,610		)	8,100
Deferred remeasurement due to the 2017 Tax Act	—			—			(4,162		)
Share-based compensation	150			(2,944		)	—
Other	(579		)	216			511
Total provision for income taxes	$	38,557		$	1,659		$	41,647
Effective income tax rate	27.1		%	8.4		%	40.7		%
Statutory federal income tax rate	21.0		%	21.0		%	35.0		%

At December 31, 2019 and December 31, 2018, the Company had no reserves related to uncertain tax positions.

The tax years 2016 through 2018 remain open to examination by the taxing authorities in the U.S. The tax years 2014 through 2018 remain open to examination by the taxing authorities in Canada. The Company expects no material change related to its current positions in recorded unrecognized income tax benefit liability in the next 12 months.

The Company files income tax returns in U.S. federal and various state jurisdictions, Canada (including provinces).

A summary of the valuation allowance was as follows (in thousands):

	Year Ended December 31,
	2019			2018		2017
Balance at the beginning of year	$	6,996		$	4,375	$	3,717
Increase to balance charged as expense	1,609			1,983		631
Effect of foreign currency translation	(277		)	638		27
Balance at end of year	$	8,328		$	6,996	$	4,375

As of December 31, 2019, the Company's deferred tax assets from foreign net operating loss carryforwards were approximately $6.1 million. The Canadian net operating loss carryforwards expire in varying amounts in 2033 through 2039. The Company does not expect to have taxable income in the near future in these jurisdictions. As of December 31, 2019, the Company had a $6.1 million valuation allowance related to these foreign operating losses. As of December 31, 2019, the Company's federal net operating loss carryforward deferred tax assets were approximately $13.7 million. The Company expects to have future federal taxable income in the United States and has not recorded a valuation allowance related to these domestic operating losses. As of December 31, 2019, the Company had state net operating loss carryforward deferred tax assets of $1.9 million. These carryforwards expire in varying amounts in 2020 through 2040 and exist in states in which the Company may not have taxable income in the near future. The Company has recorded a valuation allowance of $0.5 million related to these state net operating losses. During the years ended December 31, 2019, 2018 and 2017, the Company did not record any estimated interest or penalties.

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SEGMENT REPORTING

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

Segment information is prepared on the same basis that the Company's Chief Operating Decision Maker ("CODM") reviews financial information for operational decision-making purposes, including revenues, net revenue, gross margin, segment operating income and other items.

The Company has two reportable operating segments: the U.S. and Canada.

U.S. As of December 31, 2019, the Company operated a total of 214 U.S. retail locations and has an online presence in 27 states. The Company provides Single-Pay loans, Installment loans and Open-End loans, vehicle title loans, check cashing, money transfer services, reloadable prepaid debit cards and a number of other ancillary financial products and services to its customers in the U.S.

Canada. As of December 31, 2019, the Company operated a total of 202 stores across seven Canadian provinces and territories and has an online presence in five provinces. The Company provides Single-Pay loans, Installment loans and Open-End loans, check cashing, money transfer services, foreign currency exchange, reloadable prepaid debit cards, and a number of other ancillary financial products and services to its customers in Canada.

Management’s evaluation of segment performance utilizes gross margin and operating profit before the allocation of interest expense and professional services. The following reporting segment results reflect this basis for evaluation and were determined in accordance with the same accounting principles used in the Consolidated Financial Statements.

The following table presents summarized financial information concerning the Company's reportable segments (in thousands):

	Year Ended December 31,
	2019		2018		2017
Revenues by segment: (1)
U.S.	$	913,506	$	853,141	$	737,729
Canada	228,291		191,932		186,408
Consolidated revenue	$	1,141,797	$	1,045,073	$	924,137
Net revenues by segment:
U.S.	$	521,401	$	504,530	$	470,238
Canada	151,845		118,943		141,333
Consolidated net revenue	$	673,246	$	623,473	$	611,571
Gross margin by segment:
U.S.	$	302,952	$	284,828	$	267,215
Canada	75,664		40,642		67,950
Consolidated gross margin	$	378,616	$	325,470	$	335,165
Segment operating income (loss):
U.S.	$	99,152	$	1,117	$	51,459
Canada	43,303		17,001		50,797
Consolidated operating profit	$	142,455	$	18,118	$	102,256
Expenditures for long-lived assets by segment:
U.S.	$	12,733	$	11,105	$	7,406
Canada	1,879		2,928		1,311
Consolidated expenditures for long-lived assets	$	14,612	$	14,033	$	8,717
(1) For revenue by product, see Note 6, "Loans Receivable and Revenue."

The following table provides the proportion of gross loans receivable by segment (in thousands):

	December 31, 2019		December 31, 2018
U.S.	$	363,453	$	361,473
Canada	302,375		210,058
Total gross loans receivable	$	665,828	$	571,531

The following table presents the Company's net long-lived assets, comprised of property and equipment, by segment. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located (in thousands):

	December 31, 2019		December 31, 2018
U.S.	$	43,618	$	47,918
Canada	27,193		28,832
Total	$	70,811	$	76,750

The 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.