Segment Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information

Segment Information

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

•U.S. pawn

•Latin America pawn

•Retail POS payment solutions (AFF)

Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, (gain) loss on foreign exchange, merger and acquisition expenses, loss on revaluation of contingent acquisition consideration, and impairment and dispositions of certain other assets, are presented on a consolidated basis and are not allocated between the U.S. pawn segment, Latin America pawn segment or retail POS payment solutions segment.

The following tables present reportable segment information for the three-month periods ended March 31, 2022 and 2021 (in thousands):

	Three Months Ended March 31, 2022
	U.S. Pawn		Latin America Pawn		Retail POS Payment Solutions		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	204,942	$	97,877	$	—	$	—	$	302,819
Pawn loan fees	90,339		41,480		—		—		131,819
Leased merchandise income	—		—		149,947		—		149,947
Interest and fees on finance receivables	—		—		42,449		—		42,449
Wholesale scrap jewelry sales	16,524		16,281		—		—		32,805
Total revenue	311,805		155,638		192,396		—		659,839
Cost of revenue:
Cost of retail merchandise sold	119,718		62,496		—		—		182,214
Depreciation of leased merchandise	—		—		93,706		—		93,706
Provision for lease losses	—		—		39,820		—		39,820
Provision for loan losses	—		—		24,697		—		24,697
Cost of wholesale scrap jewelry sold	14,530		13,685		—		—		28,215
Total cost of revenue	134,248		76,181		158,223		—		368,652
Net revenue	177,557		79,457		34,173		—		291,187
Expenses and other income:
Operating expenses	98,822		45,542		28,932		—		173,296
Administrative expenses	—		—		—		36,863		36,863
Depreciation and amortization	5,587		4,401		682		14,872		25,542
Interest expense	—		—		—		16,221		16,221
Interest income	—		—		—		(676)		(676)
Gain on foreign exchange	—		—		—		(480)		(480)
Merger and acquisition expenses	—		—		—		665		665
Loss on revaluation of contingent acquisition consideration	—		—		—		2,570		2,570
Impairments and dispositions of certain other assets	—		—		—		177		177
Total expenses and other income	104,409		49,943		29,614		70,212		254,178
Income (loss) before income taxes	$	73,148	$	29,514	$	4,559	$	(70,212)	$	37,009

	Three Months Ended March 31, 2021
	U.S. Pawn		Latin America Pawn		Corporate		Consolidated
Revenue:
Retail merchandise sales	$	189,957	$	82,085	$	—	$	272,042
Pawn loan fees	76,397		39,125		—		115,522
Wholesale scrap jewelry sales	9,203		11,172		—		20,375
Total revenue	275,557		132,382		—		407,939
Cost of revenue:
Cost of retail merchandise sold	106,530		50,623		—		157,153
Cost of wholesale scrap jewelry sold	7,513		9,684		—		17,197
Total cost of revenue	114,043		60,307		—		174,350
Net revenue	161,514		72,075		—		233,589
Expenses and other income:
Operating expenses	95,247		42,077		—		137,324
Administrative expenses	—		—		30,999		30,999
Depreciation and amortization	5,382		4,263		967		10,612
Interest expense	—		—		7,230		7,230
Interest income	—		—		(158)		(158)
Loss on foreign exchange	—		—		267		267
Merger and acquisition expenses	—		—		166		166
Impairments and dispositions of certain other assets	—		—		878		878
Total expenses and other income	100,629		46,340		40,349		187,318
Income (loss) before income taxes	$	60,885	$	25,735	$	(40,349)	$	46,271