XML 28 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Retail merchandise sales $ 1,261,136 $ 1,134,249 $ 1,075,518
Pawn loan fees 561,390 475,782 457,517
Leased merchandise income 622,163 22,720 0
Interest and fees on finance receivables 181,280 9,024 2,016
Wholesale scrap jewelry sales 102,973 57,190 96,233
Total revenue 2,728,942 1,698,965 1,631,284
Cost of revenue:      
Cost of retail merchandise sold 764,553 663,464 641,087
Depreciation of leased merchandise 353,495 12,826 0
Provision for Lease Losses 139,502 5,442 0
Provision for loan losses (1) 118,502 48,952 (488)
Cost of wholesale scrap jewelry sold 88,304 49,129 79,546
Total cost of revenue 1,464,356 779,813 720,145
Net revenue 1,264,586 919,152 911,139
Expenses and other income:      
Operating expenses 728,909 564,832 562,158
Administrative expenses 147,943 111,259 110,931
Depreciation and amortization 103,832 45,906 42,105
Interest expense 70,708 32,386 29,344
Interest income (1,313) (696) (1,540)
(Gain) loss on foreign exchange (585) 436 884
Merger and acquisition expenses 3,739 15,449 1,316
Gain on revaluation of contingent acquisition consideration (109,549) (17,871) 0
Loss on extinguishment of debt 0 0 11,737
Total expenses and other income 940,953 752,650 767,440
Income before income taxes 323,633 166,502 143,699
Provision for income taxes 70,138 41,593 37,120
Net income $ 253,495 $ 124,909 $ 106,579
Earnings per share:      
Basic (in dollars per share) $ 5.37 $ 3.05 $ 2.57
Diluted (in dollars per share $ 5.36 $ 3.04 $ 2.56
Other Nonoperating Income (Expense) $ (2,731) $ 949 $ 10,505