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SEGMENT REPORTING
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Segment information is prepared on the same basis that the Company's CODM reviews financial information for operational decision making purposes, including revenues, net revenue, gross margin, segment operating income and other items.
On March 10, 2021, the Company acquired Flexiti, as described in Note 14, "Goodwill" and Note 15, "Acquisitions." Under ASC 280, Segment Reporting, Flexiti met the definition of a separate reportable segment. In conjunction with the acquisition, the Company made required disclosures for Flexiti as a separate reportable segment known as "Canada POS Lending," further described below. The Company also renamed the "Canada" reportable segment to the "Canada Direct Lending" reportable segment.
Reportable Segments
U.S. As of September 30, 2021, the Company operated a total of 160 U.S. retail locations and had an online presence in 27 states. Refer to Note 17, "Store Closures" for additional details related to recent store closures. The Company provides Revolving LOC loans and Installment loans, which include Single-Pay and 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. As disclosed in Note 15, "Acquisitions," the acquisition of Ad Astra closed in January 2020. The results of Ad Astra are included within the U.S. reporting segment.

Canada Direct Lending. As of September 30, 2021, the Company operated a total of 201 stores across eight Canadian provinces and territories and had an online presence in seven provinces. The Company provides Revolving LOC loans and Installment loans, which include Single-Pay loans, insurance products to Revolving LOC and Installment loan customers, 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.

Canada POS Lending. As of September 30, 2021, the Company served Canadian customers through POS financing available at approximately 7,400 retail locations and online with nearly 2,350 merchant partners across 10 provinces and two territories. The Company provides Revolving LOC loans and a number of other ancillary financial products to its customers in Canada. Results of operations for the nine months ended September 30, 2021 from Canada POS Lending represent results from the date of Flexiti's acquisition, March 10, 2021, through September 30, 2021.
The following table illustrates summarized financial information concerning reportable segments (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2021202020212020
Revenues by segment: (1)
U.S.$131,674 $132,848 $386,960 $491,936 
Canada Direct Lending66,190 49,155 186,510 153,382 
Canada POS Lending11,416 — 20,054 — 
Consolidated revenue$209,280 $182,003 $593,524 $645,318 
Net revenues by segment:
U.S. $83,244 $89,363 $278,852 $320,880 
Canada Direct Lending52,187 37,890 154,717 105,459 
Canada POS Lending3,131 — 7,927 — 
Consolidated net revenue$138,562 $127,253 $441,496 $426,339 
Gross margin by segment:
U.S.$39,228 $43,384 $157,614 $187,784 
Canada Direct Lending32,188 20,186 96,271 51,984 
Canada POS Lending2,508 — 6,702 — 
Consolidated gross margin$73,924 $63,570 $260,587 $239,768 
Segment operating (loss) income:
U.S.$(62,099)$(696)$75,909 $44,587 
Canada Direct Lending23,744 12,755 71,334 27,570 
Canada POS Lending(17,059)— (29,789)— 
Consolidated operating income$(55,414)$12,059 $117,454 $72,157 
Expenditures for long-lived assets by segment:
U.S.$4,402 $2,273 $9,226 $6,801 
Canada Direct Lending481 67 991 764 
Canada POS Lending2,603 — 5,134 — 
Consolidated expenditures for long-lived assets$7,486 $2,340 $15,351 $7,565 
(1) For revenue by product, see Note 3, "Loans Receivable and Revenue."
The following table provides the proportion of gross loans receivable by segment (in thousands):
September 30,
2021		December 31,
2020
U.S.$189,183 $223,451 
Canada Direct Lending390,824 330,271 
Canada POS Lending302,349 — 
Total gross loans receivable$882,356 $553,722 

The following table represents 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):
September 30,
2021		December 31,
2020
U.S.$26,333 $36,258 
Canada Direct Lending21,076 23,491 
Canada POS Lending592 — 
Total net long-lived assets$48,001 $59,749 

The Company's CODM does not review assets by segment for purposes of allocating resources or decision-making purposes; therefore, total assets by segment are not disclosed.