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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flow from operating activities:      
Net income $ 124,909 $ 106,579 $ 164,618
Adjustments to reconcile net income to net cash flow provided by operating activities:      
Depreciation of leased merchandise 12,826 0 0
Provision for lease losses 5,442 0 0
Provision for loan losses 48,952 (839) 2,395
Share-based compensation expense 5,150 2,914 8,680
Depreciation and amortization expense 45,906 42,105 41,904
Amortization of debt issuance costs 1,671 1,649 1,430
Net amortization of premiums, discounts and unearned origination fees on finance receivables 1,132 0 0
Gain on revaluation of contingent acquisition consideration (17,871) 0 0
Impairments and dispositions of certain other assets 949 10,505 0
Loss on extinguishment of debt 0 11,737 0
Deferred income taxes, net 10,722 14,476 7,008
Changes in operating assets and liabilities, net of business combinations:      
Accounts receivable, net (2,492) 5,474 110
Inventories purchased directly from customers, wholesalers or manufacturers (27,006) 29,174 5,842
Prepaid expenses and other assets (22,563) 0 0
Prepaid expenses and other assets 3,094 1,400 (1,049)
Accounts payable, accrued liabilities and other liabilities 26,180 8,621 (3,383)
Income taxes 6,303 (11,531) 4,041
Net cash flow provided by operating activities 223,304 222,264 231,596
Cash flow from investing activities:      
Pawn loans, net (73,340) 105,418 21,650
Finance receivables, net (5,844) 1,590 12,756
Purchases of furniture, fixtures, equipment and improvements (42,022) (37,543) (44,311)
Purchases of store real property (79,507) (45,502) (74,661)
Portion of AFF Acquisition paid in cash, net of cash acquired (462,102) 0 0
Acquisitions of pawn stores, net of cash acquired (81,822) (44,315) (52,487)
Net cash flow used in investing activities (744,637) (20,352) (137,053)
Cash flow from financing activities:      
Borrowings from unsecured credit facilities 560,000 354,425 257,000
Repayments of unsecured credit facilities (424,000) (569,933) (217,000)
Issuance of senior unsecured notes 550,000 500,000 0
Redemption of senior unsecured notes 0 (300,000) 0
Redemption premium and other redemption costs on senior unsecured notes 0 (8,781) 0
Debt issuance costs paid (10,581) (7,963) (1,149)
Purchases of treasury stock (49,610) (106,970) (116,105)
Proceeds from exercise of stock options 380 1,140 400
Payment of minimum withholding taxes on net share settlement of stock options exercised (1,663) (3,668) 0
Payments of Dividends (47,533) (44,752) (43,952)
Net cash flow provided by (used in) financing activities 576,993 (186,502) (120,806)
Effect of exchange rates on cash (1,464) 3,913 997
Change in cash and cash equivalents 54,196 19,323 (25,266)
Cash and cash equivalents at beginning of the year 65,850 46,527 71,793
Cash and cash equivalents at end of the year 120,046 65,850 46,527
Supplemental disclosure of cash flow information:      
Interest 29,461 21,033 32,680
Income taxes 24,563 34,186 48,867
Supplemental disclosure of non-cash investing and financing activity:      
Non-cash transactions in connection with pawn loans settled through forfeitures of collateral transferred to inventories 430,306 340,891 500,744
Shares issued upon acquisition of American First Finance $ 505,546 $ 0 $ 0