SEGMENT AND GEOGRAPHIC INFORMATION

Segment Information

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


•	U.S. operations - Includes all pawn and consumer loan operations in the U.S.


•	Latin America operations - Includes all pawn and consumer loan operations in Latin America, which currently includes operations in Mexico, Guatemala and El Salvador

The following tables present reportable segment information for the three years ended December 31, 2017, 2016 and 2015 as well as separately identified segment assets (in thousands):



	Year Ended December 31, 2017
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	717,490	$	333,609	$	—		$	1,051,099
Pawn loan fees	380,596		130,309		—			510,905
Wholesale scrap jewelry sales	119,197		21,645		—			140,842
Consumer loan and credit services fees	75,209		1,767		—			76,976
Total revenue	1,292,492		487,330		—			1,779,822

Cost of revenue:
Cost of retail merchandise sold	468,527		211,176		—			679,703
Cost of wholesale scrap jewelry sold	112,467		20,327		—			132,794
Consumer loan and credit services loss provision	19,431		388		—			19,819
Total cost of revenue	600,425		231,891		—			832,316

Net revenue	692,067		255,439		—			947,506

Expenses and other income:
Store operating expenses	423,214		128,660		—			551,874
Administrative expenses	—		—		122,473			122,473
Depreciation and amortization	24,073		10,311		20,849			55,233
Interest expense	—		—		24,035			24,035
Interest income	—		—		(1,597		)	(1,597		)
Merger and other acquisition expenses	—		—		9,062			9,062
Loss on extinguishment of debt	—		—		14,114			14,114
Total expenses and other income	447,287		138,971		188,936			775,194

Income (loss) before income taxes	$	244,780	$	116,468	$	(188,936	)	$	172,312



	December 31, 2017
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	276,570	$	68,178	$	—	$	344,748
Consumer loans, net	$	23,179	$	343	$	—	$	23,522
Inventories	$	216,739	$	60,032	$	—	$	276,771
Total assets	$	1,527,012	$	282,605	$	253,167	$	2,062,784



	Year Ended December 31, 2016
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	386,026	$	283,105	$	—		$	669,131
Pawn loan fees	195,883		116,874		—			312,757
Wholesale scrap jewelry sales	47,680		14,958		—			62,638
Consumer loan and credit services fees	41,922		1,929		—			43,851
Total revenue	671,511		416,866		—			1,088,377

Cost of revenue:
Cost of retail merchandise sold	241,086		177,470		—			418,556
Cost of wholesale scrap jewelry sold	41,357		11,668		—			53,025
Consumer loan and credit services loss provision	11,494		499		—			11,993
Total cost of revenue	293,937		189,637		—			483,574

Net revenue	377,574		227,229		—			604,803

Expenses and other income:
Store operating expenses	215,227		112,787		—			328,014
Administrative expenses	—		—		96,537			96,537
Depreciation and amortization	13,618		10,429		7,818			31,865
Interest expense	—		—		20,320			20,320
Interest income	—		—		(751		)	(751		)
Merger and other acquisition expenses	—		—		36,670			36,670
Net gain on sale of common stock of Enova	—		—		(1,299		)	(1,299		)
Total expenses and other income	228,845		123,216		159,295			511,356

Income (loss) before income taxes	$	148,729	$	104,013	$	(159,295	)	$	93,447



	December 31, 2016
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	293,392	$	57,114	$	—	$	350,506
Consumer loans, net	$	28,847	$	357	$	—	$	29,204
Inventories	$	282,860	$	47,823	$	—	$	330,683
Total assets	$	1,637,995	$	247,915	$	259,293	$	2,145,203



	Year Ended December 31, 2015
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	197,011	$	252,285	$	—		$	449,296
Pawn loan fees	94,761		100,687		—			195,448
Wholesale scrap jewelry sales	19,380		12,675		—			32,055
Consumer loan and credit services fees	25,696		2,107		—			27,803
Total revenue	336,848		367,754		—			704,602

Cost of revenue:
Cost of retail merchandise sold	117,059		161,572		—			278,631
Cost of wholesale scrap jewelry sold	17,530		10,098		—			27,628
Consumer loan and credit services loss provision	6,770		389		—			7,159
Total cost of revenue	141,359		172,059		—			313,418

Net revenue	195,489		195,695		—			391,184

Expenses and other income:
Store operating expenses	107,852		99,720		—			207,572
Administrative expenses	—		—		51,883			51,883
Depreciation and amortization	6,146		8,803		2,990			17,939
Interest expense	—		—		16,887			16,887
Interest income	—		—		(1,566		)	(1,566		)
Merger and other acquisition expenses	—		—		2,875			2,875
Goodwill impairment - U.S. consumer loan operations	—		—		7,913			7,913
Total expenses and other income	113,998		108,523		80,982			303,503

Income (loss) before income taxes	$	81,491	$	87,172	$	(80,982	)	$	87,681



	December 31, 2015
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	68,153	$	49,448	$	—	$	117,601
Consumer loans, net	$	688	$	430	$	—	$	1,118
Inventories	$	56,040	$	37,418	$	—	$	93,458
Total assets	$	423,178	$	218,530	$	111,187	$	752,895

Geographic Information

The following table shows revenue and long-lived assets (all non-current assets except goodwill, intangibles, net and deferred tax assets) by geographic area (in thousands):



	Year Ended December 31,
	2017		2016		2015
Revenue:
U.S.	$	1,292,492	$	671,511	$	336,848
Mexico	464,161		397,549		367,754
Other Latin America	23,169		19,317		—
	$	1,779,822	$	1,088,377	$	704,602

Long-lived assets:
U.S.	$	227,659	$	257,939	$	65,742
Mexico	53,175		47,243		49,259
Other Latin America	3,552		2,554		1,349
	$	284,386	$	307,736	$	116,350