Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Fair Value by Balance Sheet Grouping

The Company’s financial assets and liabilities as of September 30, 2020, 2019 and December 31, 2019 that are not measured at fair value in the consolidated balance sheets are as follows (in thousands):


	Carrying Value		Estimated Fair Value
	September 30,		September 30,		Fair Value Measurements Using
	2020		2020		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	78,844	$	78,844	$	78,844	$	—	$	—
Fees and service charges receivable	36,423		36,423		—		—		36,423
Pawn loans	270,619		270,619		—		—		270,619

	$	385,886	$	385,886	$	78,844	$	—	$	307,042

Financial liabilities:
Revolving unsecured credit facilities	$	40,000	$	40,000	$	—	$	40,000	$	—
Senior unsecured notes (outstanding principal)	500,000		508,000		—		508,000		—
	$	540,000	$	548,000	$	—	$	548,000	$	—


	Carrying Value		Estimated Fair Value
	September 30,		September 30,		Fair Value Measurements Using
	2019		2019		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	61,183	$	61,183	$	61,183	$	—	$	—
Fees and service charges receivable	48,587		48,587		—		—		48,587
Pawn loans	385,907		385,907		—		—		385,907
Consumer loans, net	895		895		—		—		895
	$	496,572	$	496,572	$	61,183	$	—	$	435,389

Financial liabilities:
Revolving unsecured credit facility	$	340,000	$	340,000	$	—	$	340,000	$	—
Senior unsecured notes (outstanding principal)	300,000		309,000		—		309,000		—
	$	640,000	$	649,000	$	—	$	649,000	$	—


	Carrying Value		Estimated Fair Value
	December 31,		December 31,		Fair Value Measurements Using
	2019		2019		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	46,527	$	46,527	$	46,527	$	—	$	—
Fees and service charges receivable	46,686		46,686		—		—		46,686
Pawn loans	369,527		369,527		—		—		369,527
Consumer loans, net	751		751		—		—		751
	$	463,491	$	463,491	$	46,527	$	—	$	416,964

Financial liabilities:
Revolving unsecured credit facility	$	335,000	$	335,000	$	—	$	335,000	$	—
Senior unsecured notes (outstanding principal)	300,000		310,000		—		310,000		—
	$	635,000	$	645,000	$	—	$	645,000	$	—