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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Store        
Rentals and fees $ 579,573 $ 550,795 $ 1,682,310 $ 1,665,829
Merchandise sales 91,233 65,552 300,693 240,864
Installment sales 16,580 16,952 48,970 49,658
Other 844 1,054 2,341 2,962
Total store revenues 688,230 634,353 2,034,314 1,959,313
Franchise        
Merchandise sales 19,069 11,178 49,553 30,307
Royalty income and fees 4,716 3,840 13,833 12,370
Total revenues 712,015 649,371 2,097,700 2,001,990
Store        
Cost of rentals and fees 167,027 161,971 489,606 473,001
Cost of merchandise sold 95,177 70,575 296,894 250,000
Cost of installment sales 5,713 5,527 16,830 16,133
Total cost of store revenues 267,917 238,073 803,330 739,134
Franchise cost of merchandise sold 19,070 11,302 49,632 29,923
Total cost of revenues 286,987 249,375 852,962 769,057
Gross profit 425,028 399,996 1,244,738 1,232,933
Store expenses        
Labor 150,493 158,666 434,216 473,221
Other store expenses 140,818 150,366 463,292 463,385
General and administrative expenses 41,576 34,364 113,694 105,822
Depreciation and amortization 13,810 14,894 43,071 45,788
Other (gains) and charges (1,856) 2,859 7,768 (41,308)
Total operating expenses 344,841 361,149 1,062,041 1,046,908
Operating profit 80,187 38,847 182,697 186,025
Debt refinancing charges 0 2,168 0 2,168
Interest expense 3,350 6,733 11,958 26,214
Interest income (152) (85) (561) (2,956)
Earnings before income taxes 76,989 30,031 171,300 160,599
Income tax expense (benefit) 12,959 (1,246) 19,485 27,544
Net earnings $ 64,030 $ 31,277 $ 151,815 $ 133,055
Basic earnings per common share $ 1.19 $ 0.57 $ 2.80 $ 2.46
Diluted earnings per common share $ 1.15 $ 0.56 $ 2.73 $ 2.39