COVER PAGE - USD ($)	12 Months Ended
COVER PAGE - USD ($)	Dec. 31, 2019	Jan. 28, 2020	Jun. 30, 2019
Cover page.
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-10960
Entity Registrant Name	FIRSTCASH, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-2237318
Entity Address, Address Line One	1600 West 7th Street
Entity Address, City or Town	Fort Worth
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76102
City Area Code	817
Local Phone Number	335-1100
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	FCFS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 3,102,000,000
Entity Common Stock, Shares Outstanding		41,997,062
Entity Central Index Key	0000840489
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 46,527	$ 71,793
Fees and service charges receivable	46,686	45,430
Pawn loans	369,527	362,941
Consumer loans, net	751	15,902
Inventories	265,256	275,130
Income taxes receivable	875	1,379
Prepaid expenses and other current assets	11,367	17,317
Total current assets	740,989	789,892
Property and equipment, net	336,167	251,645
Operating lease right of use asset	304,549	0
Goodwill	948,643	917,419
Intangible assets, net	85,875	88,140
Other assets	11,506	49,238
Deferred tax assets	11,711	11,640
Total assets	2,439,440	2,107,974
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities	72,398	96,928
Customer deposits	39,736	35,368
Income taxes payable	4,302	749
Lease liability, current	86,466	0
Total current liabilities	202,902	133,045
Revolving unsecured credit facility	335,000	295,000
Senior unsecured notes	296,568	295,887
Deferred tax liabilities	61,431	54,854
Lease liability, non-current	193,504	0
Other liabilities	0	11,084
Total liabilities	1,089,405	789,870
Commitments and contingencies (Note 12)
Stockholders’ equity:
Common stock; $0.01 par value; 90,000 shares authorized; 49,276 and 49,276 shares issued, respectively; 43,603 and 46,914 shares outstanding, respectively	493	493
Additional paid-in capital	1,231,528	1,224,608
Retained earnings	727,476	606,810
Accumulated other comprehensive loss	(96,969)	(113,117)
Common stock held in treasury, 6,947 and 5,673 shares at cost, respectively	(512,493)	(400,690)
Total stockholders’ equity	1,350,035	1,318,104
Total liabilities and stockholders’ equity	$ 2,439,440	$ 2,107,974

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	90,000,000	90,000,000
Common stock, issued	49,276,000	49,276,000
Common stock, outstanding	42,329,000	43,603,000
Treasury stock	6,947,000	5,673,000

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue:
Retail merchandise sales									$ 1,175,561	$ 1,091,614	$ 1,051,099
Pawn loan fees									564,824	525,146	510,905
Wholesale scrap jewelry sales									103,876	107,821	140,842
Consumer loan and credit services fees									20,178	56,277	76,976
Total revenue	$ 498,362	$ 452,459	$ 446,014	$ 467,604	$ 481,208	$ 429,878	$ 419,972	$ 449,800	1,864,439	1,780,858	1,779,822
Cost of revenue:
Cost of retail merchandise sold									745,861	696,666	679,703
Cost of wholesale scrap jewelry sold									96,072	99,964	132,794
Consumer loan and credit services loss provision									4,159	17,461	19,819
Total cost of revenue	231,098	201,480	201,709	211,805	219,208	192,620	191,544	210,719	846,092	814,091	832,316
Net revenue	267,264	250,979	244,305	255,799	262,000	237,258	228,428	239,081	1,018,347	966,767	947,506
Expenses and other income:
Store operating expenses									595,539	563,321	552,191
Administrative expenses									122,334	120,042	122,473
Depreciation and amortization									41,904	42,961	55,233
Interest expense									34,035	29,173	24,035
Interest income									(1,055)	(2,444)	(1,597)
Merger and other acquisition expenses									1,766	7,643	9,062
(Gain) loss on foreign exchange									(787)	762	(317)
Loss on extinguishment of debt									0	0	14,114
Total expenses and other income	195,746	202,015	199,019	196,956	198,824	193,175	186,157	183,302	793,736	761,458	775,194
Income before income taxes									224,611	205,309	172,312
Provision for income taxes									59,993	52,103	28,420
Net income	$ 54,154	$ 34,761	$ 33,048	$ 42,655	$ 48,075	$ 33,325	$ 30,171	$ 41,635	$ 164,618	$ 153,206	$ 143,892
Earnings per share:
Basic (in dollars per share)									$ 3.83	$ 3.42	$ 3.01
Diluted (in dollars per share	$ 1.27	$ 0.81	$ 0.76	$ 0.98	$ 1.09	$ 0.76	$ 0.67	$ 0.90	$ 3.81	$ 3.41	$ 3.00

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 164,618	$ 153,206	$ 143,892
Other comprehensive income:
Currency translation adjustment	16,148	(1,240)	7,929
Comprehensive income	$ 180,766	$ 151,966	$ 151,821

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Common Stock Held in Treasury
Balance at beginning of period (shares) at Dec. 31, 2016		49,276				769
Balance at beginning of period (value) at Dec. 31, 2016	$ 1,449,986	$ 493	$ 1,217,969	$ 387,401	$ (119,806)	$ (36,071)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under share-based compensation (shares)		0				(10)
Shares issued under share-based compensation (value)	0	$ 0	(440)			$ 440
Exercise of stock options, net of shares net-settled (shares)		0				(13)
Exercise of stock options, net of shares net-settled (value)	307	$ 0	(242)			$ 549
Share-based compensation expense (value)	3,069		3,069
Net income	143,892			143,892
Dividends paid	(36,836)			(36,836)
Currency translation adjustment	7,929				7,929
Repurchases of treasury stock (shares)						1,616
Repurchases of treasury stock (value)	(93,014)					$ (93,014)
Balance at end of period (shares) at Dec. 31, 2017		49,276				2,362
Balance at end of period (value) at Dec. 31, 2017	1,475,333	$ 493	1,220,356	494,457	(111,877)	$ (128,096)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under share-based compensation (shares)		0				(22)
Shares issued under share-based compensation (value)	0	$ 0	(1,240)			$ 1,240
Exercise of stock options, net of shares net-settled (shares)						(10)
Exercise of stock options, net of shares net-settled (value)	400		(294)			$ 694
Share-based compensation expense (value)	5,786		5,786
Net income	153,206			153,206
Dividends paid	(40,853)			(40,853)
Currency translation adjustment	(1,240)				(1,240)
Repurchases of treasury stock (shares)						3,343
Repurchases of treasury stock (value)	(274,528)					$ (274,528)
Balance at end of period (shares) at Dec. 31, 2018		49,276				5,673
Balance at end of period (value) at Dec. 31, 2018	1,318,104	$ 493	1,224,608	606,810	(113,117)	$ (400,690)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under share-based compensation (shares)						(21)
Shares issued under share-based compensation (value)	0		(1,441)			$ 1,441
Exercise of stock options, net of shares net-settled (shares)						(10)
Exercise of stock options, net of shares net-settled (value)	400		(319)			$ 719
Share-based compensation expense (value)	8,680		8,680
Net income	164,618			164,618
Dividends paid	(43,952)			(43,952)
Currency translation adjustment	16,148				16,148
Repurchases of treasury stock (shares)						1,305
Repurchases of treasury stock (value)	(113,963)					$ (113,963)
Balance at end of period (shares) at Dec. 31, 2019		49,276				6,947
Balance at end of period (value) at Dec. 31, 2019	$ 1,350,035	$ 493	$ 1,231,528	$ 727,476	$ (96,969)	$ (512,493)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flow from operating activities:
Net income	$ 164,618	$ 153,206	$ 143,892
Adjustments to reconcile net income to net cash flow provided by operating activities:
Non-cash portion of credit loss provision	2,395	9,405	12,727
Share-based compensation expense	8,680	5,786	3,069
Depreciation and amortization expense	41,904	42,961	55,233
Asset impairments related to consumer loan operations	0	1,514	0
Amortization of debt issuance costs	1,430	1,920	1,838
Amortization of favorable/(unfavorable) lease intangibles, net	0	(259)	(976)
Loss on extinguishment of debt	0	0	14,114
Deferred income taxes, net	7,008	7,427	(14,497)
Changes in operating assets and liabilities, net of business combinations:
Fees and service charges receivable	110	(432)	(1,411)
Inventories	5,842	3,321	16,193
Prepaid expenses and other assets	(1,049)	681	13,702
Accounts payable, accrued liabilities and other liabilities	(3,383)	3,077	(35,135)
Income taxes	4,041	14,822	11,608
Net cash flow provided by operating activities	231,596	243,429	220,357
Cash flow from investing activities:
Loan receivables, net of cash repayments	34,406	10,125	40,735
Purchases of furniture, fixtures, equipment and improvements	(44,311)	(35,677)	(25,971)
Purchases of store real property	(74,661)	(19,996)	(11,164)
Acquisitions of pawn stores, net of cash acquired	(52,487)	(113,699)	(2,203)
Net cash flow provided by (used in) investing activities	(137,053)	(159,247)	1,397
Cash flow from financing activities:
Borrowings from revolving unsecured credit facility	257,000	416,000	206,000
Repayments of revolving unsecured credit facility	(217,000)	(228,000)	(359,000)
Issuance of senior unsecured notes	0	0	300,000
Repurchase/redemption of senior unsecured notes	0	0	(200,000)
Repurchase/redemption premiums paid on senior unsecured notes	0	0	(10,895)
Debt issuance costs paid	(1,149)	(948)	(5,342)
Purchases of treasury stock	(116,105)	(273,660)	(91,740)
Proceeds from exercise of share-based compensation awards	400	400	307
Dividends paid	(43,952)	(40,853)	(36,836)
Net cash flow used in financing activities	(120,806)	(127,061)	(197,506)
Effect of exchange rates on cash	997	249	220
Change in cash and cash equivalents	(25,266)	(42,630)	24,468
Cash and cash equivalents at beginning of the year	71,793	114,423	89,955
Cash and cash equivalents at end of the year	46,527	71,793	114,423
Cash paid during the period for:
Interest	32,680	27,121	24,301
Income taxes	48,867	29,597	29,813
Supplemental disclosure of non-cash investing and financing activity:
Non-cash transactions in connection with pawn loans settled through forfeitures of collateral transferred to inventories	$ 500,744	$ 492,743	$ 436,705

Operating Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Operating Leases

OPERATING LEASES

As described in Note 2, the Company adopted ASC 842 prospectively as of January 1, 2019. The Company leases the majority of its pawnshop locations under operating leases and determines if an arrangement is or contains a lease at inception. Many leases include both lease and non-lease components, which the Company accounts for separately. Lease components include rent, taxes and insurance costs while non-lease components include common area or other maintenance costs. Operating leases are included in operating lease right of use assets, lease liability, current and lease liability, non-current in the consolidated balance sheets. The Company does not have any finance leases.

The following table details the components of the operating lease right of use asset and lease liability recognized upon adoption of ASC 842 on January 1, 2019 (in thousands):



Initial measurement of operating lease right of use asset (present value of the future minimum lease payments)	$	295,063
Accrued straight-line rent liability ⁽¹⁾	(4,237		)
Amounts previously recognized in respect of business combinations:
Favorable lease intangible assets ⁽²⁾	45,596
Unfavorable lease intangible liabilities ⁽³⁾	(17,275		)
Total initial operating lease right of use asset	$	319,147

Lease liability, current	$	(87,608	)
Lease liability, non-current	(207,455		)
Total initial lease liability (present value of the future minimum lease payments)	$	(295,063	)


⁽¹⁾	Included in accounts payable and accrued liabilities in the accompanying consolidated balance sheet as of December 31, 2018.


⁽²⁾	Included in prepaid expenses and other current assets and other assets in the accompanying consolidated balance sheet as of December 31, 2018.


⁽³⁾	Included in accounts payable and accrued liabilities and other liabilities in the accompanying consolidated balance sheet as of December 31, 2018.

Leased facilities are generally leased for a term of three to five years with one or more options to renew for an additional three to five years, typically at the Company’s sole discretion. In addition, the majority of these leases can be terminated early upon an adverse change in law which negatively affects the store’s profitability. The Company regularly evaluates renewal and termination options to determine if the Company is reasonably certain to exercise the option, and excludes these options from the lease term included in the recognition of the operating lease right of use asset and lease liability until such certainty exists. The weighted-average remaining lease term for operating leases as of December 31, 2019 was 3.9 years.

The operating lease right of use asset and lease liability is recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. The Company’s leases do not provide an implicit rate and therefore, it uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments. The Company utilizes a portfolio approach for determining the incremental borrowing rate to apply to groups of leases with similar characteristics. The weighted-average discount rate used to measure the lease liability as of December 31, 2019 was 7.8%.

The Company has certain operating leases in Mexico which are denominated in U.S. dollars. The liability related to these leases is considered a monetary liability, and requires remeasurement each reporting period into the functional currency (Mexican pesos) using reporting date exchange rates. The remeasurement results in the recognition of foreign currency exchange gains or losses each reporting period, which can produce a certain level of earnings volatility. The Company recognized a foreign currency gain of $0.9 million during the year ended December 31, 2019 related to the remeasurement of these U.S. dollar denominated operating leases, which is included in gain on foreign exchange in the accompanying consolidated statements of income.

Lease expense is recognized on a straight-line basis over the lease term, with variable lease expense recognized in the period such payments are incurred. The following table details the components of lease expense included in store operating expenses in the consolidated statements of income during the year ended December 31, 2019 (in thousands):



Operating lease expense ⁽¹⁾	$	124,082
Variable lease expense ⁽²⁾	7,775
Total operating lease expense	$	131,857


⁽¹⁾	Includes $0.8 million of net amortization related to the favorable/unfavorable lease intangible assets/liabilities that were reclassified to the operating lease right of use asset in the accompanying consolidated balance sheets upon adoption of ASC 842 on January 1, 2019.


⁽²⁾	Variable lease costs consist primarily of taxes, insurance and common area or other maintenance costs paid based on actual costs incurred by the lessor and can therefore vary over the lease term.

The following table details the maturity of lease liabilities for all operating leases as of December 31, 2019 (in thousands):



2020	$	105,118
2021	84,541
2022	60,690
2023	40,514
2024	18,760
Thereafter	15,477
Total	$	325,100
Less amount of lease payments representing interest	(45,130		)
Total present value of lease payments	$	279,970

The following table details supplemental cash flow information related to operating leases for the year ended December 31, 2019 (in thousands):



Cash paid for amounts included in the measurement of operating lease liabilities	$	116,448
Leased assets obtained in exchange for new operating lease liabilities	$	71,117

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed in the preparation of these financial statements:

Principles of consolidation - The accompanying consolidated financial statements include the accounts of FirstCash, Inc. and its wholly-owned subsidiaries. The Company regularly makes acquisitions and the results of operations for the acquired stores have been consolidated since the acquisition dates. All significant intercompany accounts and transactions have been eliminated. See Note 3.

Cash and cash equivalents - The Company considers any highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents. As of December 31, 2019, the amount of cash associated with indefinitely reinvested foreign earnings was $19.6 million, which is primarily held in Mexican pesos.

Customer loans and revenue recognition - Pawn loans typically have a term of 30 days and are secured by the customer’s pledge of tangible personal property, which the Company holds during the term of the loan. In certain markets, the Company also provides pawn loans collateralized by automobiles, which remain in the Company’s possession or in limited cases, remain in the possession of the customer. If a pawn loan defaults, the Company relies on the sale of the pawned property to recover the principal amount of an unpaid pawn loan, plus a yield on the investment, because the Company’s pawn loans are non-recourse against the customer. The customer’s creditworthiness does not affect the Company’s financial position or results of operations. The Company accrues pawn loan fee revenue on a constant-yield basis over the life of the pawn loan for all pawns for which the Company deems collection to be probable based on historical pawn redemption statistics. If the pawn loan is not repaid, the principal amount loaned becomes the inventory carrying value of the forfeited collateral, which is recovered through sales to other customers at prices above the carrying value.

The Company’s pawn merchandise sales are primarily retail sales to the general public in its pawn stores. The Company typically acquires pawn merchandise inventory through forfeited pawn loans and through purchases of used goods directly from the general public. The Company also retails limited quantities of new or refurbished merchandise obtained directly from wholesalers and manufacturers. The Company records sales revenue at the time of the sale. The Company presents merchandise sales net of any sales or value-added taxes collected. The Company does not provide direct financing to customers for the purchase of its merchandise, but does permit its customers to purchase merchandise on an interest-free “layaway” plan. Should the customer fail to make a required payment pursuant to a layaway plan, the item is returned to inventory and all or a portion of previous payments are typically forfeited to the Company. Interim payments from customers on layaway sales are recorded as deferred revenue and subsequently recorded as retail merchandise sales revenue when the merchandise is delivered to the customer upon receipt of final payment or when previous payments are forfeited to the Company. Some jewelry is processed at third-party facilities and the precious metal and diamond content is sold at either prevailing market commodity prices or a previously agreed upon price with a commodity buyer. The Company records revenue from these wholesale scrap jewelry transactions when a price has been agreed upon and the Company ships the commodity to the buyer.

Unsecured consumer loans are cash advances with terms that typically range from 7 to 45 days. The Company accrues unsecured consumer loan fees on a constant-yield basis over the term of the consumer loan. The Company offers a fee-based credit services organization program (“CSO Program”) to assist consumers in obtaining extensions of credit from an independent, non-bank, consumer lending company (the “Independent Lender”). The Company’s stand-alone unsecured consumer loan stores and select pawn stores in the state of Texas offer the CSO Program. The Company recognizes credit services fees ratably over the life of the

extension of credit made by the Independent Lender. The extensions of credit made by the Independent Lender to credit services customers typically have terms of 7 to 180 days.

Credit loss provisions - The Company has determined no allowance related to credit losses on pawn loans is required, as the fair value of the pledged collateral is significantly in excess of the pawn loan amount. The Company maintains an allowance for credit losses on unsecured consumer loans on an aggregate basis at a level it considers sufficient to cover estimated losses in the collection of its unsecured consumer loans. The allowance for credit losses is periodically reviewed by management with any changes reflected in current operations.

Under the CSO Program, the Company assists customers in applying for a short-term extension of credit from an Independent Lender and issues the Independent Lender a guarantee for the repayment of the extension of credit. The Company is required to recognize, at the inception of the guarantee, a liability for the estimated fair value of the obligation undertaken by issuing the guarantee, which is included in accrued liabilities. The estimated fair value of the liability is periodically reviewed by management with any changes reflected in current operations.

Foreign currency transactions - The Company has significant operations in Latin America, where in Mexico, Guatemala and Colombia the functional currency is the Mexican peso, Guatemalan quetzal and Colombian peso, respectively. Accordingly, the assets and liabilities of these subsidiaries are translated into U.S. dollars at the exchange rate in effect at each balance sheet date, and the resulting adjustments are accumulated in other comprehensive income (loss) as a separate component of stockholders’ equity. Revenues and expenses are translated at the average exchange rates occurring during the respective period. Prior to translation, U.S. dollar-denominated transactions of the foreign subsidiaries are remeasured into their functional currency using current rates of exchange for monetary assets and liabilities and historical rates of exchange for non-monetary assets and liabilities. Gains and losses from remeasurement of dollar-denominated monetary assets and liabilities in Mexico, Guatemala and Colombia are included in (gain) loss on foreign exchange in the consolidated statements of income. Deferred taxes are not currently recorded on cumulative foreign currency translation adjustments as the Company indefinitely reinvests earnings of its foreign subsidiaries. The Company also has operations in El Salvador where the reporting and functional currency is the U.S. dollar.

The average value of the Mexican peso to the U.S. dollar exchange rate for 2019 was 19.3 to 1, compared to 19.2 to 1 in 2018 and 18.9 to 1 in 2017. The average value of the Guatemalan quetzal to the U.S. dollar exchange rate for 2019 was 7.7 to 1, compared to 7.5 to 1 in 2018 and 7.4 to 1 in 2017. The average value of the Colombian peso to the U.S. dollar exchange rate for 2019 was 3,280 to 1, compared to 2,956 to 1 in 2018 and 2,951 to 1 in 2017.

Store operating expenses - Costs incurred in operating the Company’s stores have been classified as store operating expenses. Operating expenses include salary and benefit expense of store-level employees, occupancy costs, bank charges, security, insurance, utilities, supplies and other costs incurred by the stores.

Layaway and deferred revenue - Interim payments from customers on layaway sales are credited to deferred revenue and subsequently recorded as retail merchandise sales revenue when the merchandise is delivered to the customer upon receipt of final payment or when the previous payments are forfeited to the Company. Layaway payments from customers are included in customer deposits in the accompanying consolidated balance sheets.

Inventories - Inventories represent merchandise acquired from forfeited pawns and merchandise purchased directly from the general public. The Company also retails limited quantities of new or refurbished merchandise obtained directly from wholesalers and manufacturers. Inventories from forfeited pawns are recorded at the amount of the pawn principal on the unredeemed goods, exclusive of accrued interest. Inventories purchased directly from customers, wholesalers and manufacturers are recorded at cost. The cost of inventories is determined on the specific identification method. Inventories are stated at the lower of cost or net realizable value and, accordingly, inventory valuation allowances are established if inventory carrying values are in excess of estimated selling prices, net of direct costs of disposal. Management has evaluated inventories and determined that a valuation allowance is not necessary.

Property and equipment - Property and equipment are recorded at cost. Depreciation is recorded on the straight-line method generally based on estimated useful lives of 30 to 40 years for buildings and three to five years for furniture, fixtures and equipment. The costs of improvements on leased stores are capitalized as leasehold improvements and are depreciated using the straight-line method over the applicable lease period, or useful life, if shorter. Maintenance and repairs are charged to expense as incurred and renewals and betterments are charged to the appropriate property and equipment accounts. Upon sale or retirement of depreciable assets, the cost and related accumulated depreciation is removed from the accounts, and the resulting gain or loss is included in the results of operations in the period the assets are sold or retired.

Goodwill and other indefinite-lived intangible assets - Goodwill represents the excess of the purchase price over the fair value of the net assets acquired in each business combination. The Company performs its goodwill impairment assessment annually as of December 31, and between annual assessments if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company’s reporting units, which are tested for impairment, are U.S. operations and Latin America operations. The Company assesses goodwill for impairment at a reporting unit level by first assessing a range of qualitative factors, including, but not limited to, macroeconomic conditions, industry conditions, the competitive environment, changes in the market for the Company’s products and services, regulatory and political developments, entity specific factors, such as strategy and changes in key personnel, and overall financial performance. If, after completing this assessment, it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying value, the Company proceeds to the two-step impairment testing methodology. See Note 13.

The Company’s material indefinite-lived intangible assets consist of trade names and pawn licenses. The Company performs its indefinite-lived intangible asset impairment assessment annually as of December 31, and between annual assessments if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. See Note 13.

Merger and other acquisition expenses - The Company incurs incremental costs directly associated with merger and acquisition activity, including, but not limited to, professional fees, legal expenses, severance, retention and other employee-related costs, contract breakage costs and costs related to consolidation of technology systems and corporate facilities. The Company presents merger and other acquisition expenses separately in the consolidated statements of income to identify these incremental activities apart from the expenses incurred to operate the business.

Long-lived assets - Property and equipment, intangible assets subject to amortization and non-current assets are reviewed for impairment whenever events or changes in circumstances indicate that the net book value of the asset may not be recoverable. An impairment loss is recognized if the sum of the expected future cash flows (undiscounted and before interest) from the use of the asset is less than the net book value of the asset. Generally, the amount of the impairment loss is measured as the difference between the net book value of the asset and the estimated fair value of the related asset. As a result of certain regulatory impacts to the Company’s consumer loan operations, the Company recorded a fixed asset impairment charge of approximately $1.5 million related to certain stores primarily offering unsecured consumer loan products during the fourth quarter of 2018. The Company did not record any impairment loss for the years ended December 31, 2019 and 2017.

Fair value of financial instruments - The fair value of financial instruments is determined by reference to various market data and other valuation techniques, as appropriate. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. All fair value measurements related to acquisitions are level 3, non-recurring measurements, based on unobservable inputs. Unless otherwise disclosed, the fair values of financial instruments approximate their recorded values, due primarily to their short-term nature. See Note 6.

Income taxes - The Company uses the asset and liability method of computing deferred income taxes on all material temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. See Note 11.

Advertising - The Company expenses the costs of advertising the first time the advertising takes place. Advertising expense for the years ended December 31, 2019, 2018 and 2017, was $1.2 million, $1.4 million, and $1.8 million, respectively.

Share-based compensation - All share-based payments to employees and directors are recognized in the financial statements based on the grant date or if applicable, the subsequent modification date fair value. The Company recognizes compensation cost net of estimated forfeitures and recognizes the compensation cost for only those awards expected to vest on a straight-line basis over the requisite service period of the award, which is generally the vesting term. The Company records share-based compensation cost as an administrative expense. See Note 14.

Forward sales commitments - The Company periodically uses forward sale agreements with a major gold bullion bank to sell a portion of the expected amount of scrap gold, which is typically jewelry that is broken or of low retail value, produced in the normal course of business from its liquidation of such merchandise. These commitments qualify for an exemption from derivative accounting as normal sales, based on historical terms, conditions and quantities, and are therefore not recorded on the Company's balance sheet.

Earnings per share - Basic earnings per share is computed by dividing net income by the weighted-average number of shares outstanding during the year. Diluted earnings per share is calculated by giving effect to the potential dilution that could occur if securities or other contracts to issue common shares were exercised and converted into common shares during the year.

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):



	Year Ended December 31,
	2019		2018		2017
Numerator:
Net income	$	164,618	$	153,206	$	143,892

Denominator:
Weighted-average common shares for calculating basic earnings per share	43,020		44,777		47,854
Effect of dilutive securities:
Stock options and restricted stock unit awards	188		107		34
Weighted-average common shares for calculating diluted earnings per share	43,208		44,884		47,888

Earnings per share:
Basic	$	3.83	$	3.42	$	3.01
Diluted	3.81		3.41		3.00

Pervasiveness of estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and related revenue and expenses, and the disclosure of gain and loss contingencies at the date of the financial statements. Such estimates and assumptions are subject to a number of risks and uncertainties, which may cause actual results to differ materially from the Company’s estimates. Significant estimates include the accrual for earned but uncollected pawn loan fees, impairment of goodwill and other intangible assets and current and deferred tax assets and liabilities.

Recent accounting pronouncements - On January 1, 2019, the Financial Accounting Standards Board’s lease accounting standard (“ASC 842”) became effective requiring lessees to recognize, in the statement of financial position, a liability for the present value of future minimum lease payments (the lease liability) and an asset representing its right to use the underlying leased property for the lease term (the right of use asset). Leases will be classified as either financing or operating, with classification affecting the pattern of expense recognition in the income statement. Lessor accounting remains largely unchanged. ASC 842 provides for a modified retrospective transition approach, which requires lessees to recognize and measure leases on the balance sheet at the beginning of the earliest period presented, or a cumulative effect adjustment transition approach, which requires prospective application from the adoption date. The Company adopted ASC 842 prospectively as of January 1, 2019 using the cumulative effect adjustment approach. As a result of the transition method used, ASC 842 was not applied to periods prior to adoption and the adoption of ASC 842 had no impact on the Company’s comparative prior periods presented.

ASC 842 provides a number of optional practical expedients in transition. The Company elected the package of practical expedients, which permit it to not reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs but did not elect any other practical expedient available under ASC 842.

The adoption of ASC 842 resulted in a material increase in the assets and liabilities reflected on the Company’s consolidated balance sheets, but did not have a material impact on its consolidated statements of income or consolidated statements of cash flows. See Note 4.

In June 2016, the Financial Accounting Standards Board issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 amends the impairment model by requiring entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables. In November 2018, the Financial Accounting Standards Board issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses” (“ASU 2018-19”), which clarifies that receivables arising from operating leases are accounted for using lease guidance and not as financial instruments. In April 2019,

the Financial Accounting Standards Board issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” (“ASU 2019-04”), which clarifies the treatment of certain credit losses. In May 2019, the Financial Accounting Standards Board issued ASU No. 2019-05, “Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief” (“ASU 2019-05”), which provides an option to irrevocably elect to measure certain individual financial assets at fair value instead of amortized cost. In November 2019, the Financial Accounting Standards Board issued ASU No. 2019-11, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses” (“ASU 2019-11”), which provides guidance around how to report expected recoveries. ASU 2016-13, ASU 2018-19, ASU 2019-04, ASU 2019-05 and ASU 2019-11 (collectively, “ASC 326”) are effective for public entities for fiscal years beginning after December 15, 2019, with early adoption permitted. The Company will adopt ASC 326 on January 1, 2020 prospectively and has concluded ASC 326 will not materially impact the Company’s recognition of financial instruments within the scope of the standard.

In January 2017, the Financial Accounting Standards Board issued ASU No. 2017-04, “Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”), which eliminates step 2 from the goodwill impairment test. ASU 2017-04 also eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017 and should be adopted on a prospective basis. The Company does not expect ASU 2017-04 to have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.

In June 2018, the Financial Accounting Standards Board issued ASU No. 2018-07, “Compensation-Stock Compensation (Topic 718) - Improvements to Nonemployee Share-Based Payment Accounting” (“ASU 2018-07”). ASU 2018-07 simplifies the accounting for nonemployee share-based payment transactions. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. ASU 2018-07 is effective for public entities for fiscal years beginning after December 15, 2018. The adoption of ASU 2018-07 did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.

In July 2018, the Financial Accounting Standards Board issued ASU No. 2018-09, “Codification Improvements” (“ASU 2018-09”). ASU 2018-09 does not prescribe any new accounting guidance, but instead makes minor improvements and clarifications of several different Financial Accounting Standards Board Accounting Standards Codification areas based on comments and suggestions made by various stakeholders. Certain updates are applicable immediately while others provide for a transition period to adopt in fiscal years beginning after December 15, 2018. The adoption of ASU 2018-09 did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.

In August 2018, the Financial Accounting Standards Board issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 modifies the disclosure requirements on fair value measurements. ASU 2018-13 is effective for public entities for fiscal years beginning after December 15, 2019, with early adoption permitted for any removed or modified disclosures. The removed and modified disclosures will be adopted on a retrospective basis and the new disclosures will be adopted on a prospective basis. The Company does not expect ASU 2018-13 to have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.

In July 2019, the Financial Accounting Standards Board issued ASU 2019-07, “Codification Updates to SEC Sections - Amendments to SEC Paragraphs Pursuant to SEC Final Rule Releases No. 33-10532, Disclosure Update and Simplification, and Nos. 33-10231 and 33-10442, Investment Company Reporting Modernization and Miscellaneous Updates” (“ASU 2019-07”). ASU 2019-07 aligns the guidance in various SEC sections of the Codification with the requirements of certain SEC final rules. ASU 2019-07 is effective immediately and the adoption of ASU 2019-07 did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.

In November 2019, the Financial Accounting Standards Board issued ASU No. 2019-08, “Compensation-Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements—Share-Based Consideration Payable to a Customer” (“ASU 2019-08”). ASU 2019-08 expands the scope of ASC Topic 718 to provide guidance for share-based payment awards granted to a customer in conjunction with selling goods or services accounted for under Topic 606. For entities that have adopted the amendments in ASU 2018-07, the amendments in ASU 2019-08 are effective in fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. An entity may early adopt the amendments in ASU 2019-08, but not before it adopts the amendments in ASU 2018-07. The Company adopted ASU 2019-08 effective December 31, 2019.

The adoption of ASU 2019-08 did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.

In December 2019, the Financial Accounting Standards Board issued ASU No 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” (“ASU 2019-12”). ASU 2019-12 removes certain exceptions to the general principles in Topic 740 in Generally Accepted Accounting Principles. ASU 2019-12 is effective for public entities for fiscal years beginning after December 15, 2020, with early adoption permitted. The Company does not expect ASU 2019-12 to have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.

Acquisitions

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Acquisitions

ACQUISITIONS

2019 Acquisitions

Consistent with the Company’s strategy to continue its expansion of pawn stores in selected markets, during 2019, the Company acquired 163 pawn stores located in Mexico in 13 separate transactions and 27 pawn stores located in the U.S. in nine separate transactions. The aggregate purchase price for these acquisitions totaled $46.8 million, net of cash acquired and subject to future post-closing adjustments. The aggregate purchase price was composed of $44.9 million in cash paid during 2019 and remaining short-term amounts payable to the sellers of approximately $1.9 million. During 2019, the Company also paid $7.6 million of purchase price amounts payable related to prior-year acquisitions.

The purchase price of each of the 2019 acquisitions was allocated to assets acquired and liabilities assumed based upon the estimated fair market values at the date of acquisition. The excess purchase price over the estimated fair market value of the net assets acquired has been recorded as goodwill. The goodwill arising from these acquisitions consists largely of the synergies and economies of scale expected from combining the operations of the Company and the pawn stores acquired.

The estimated fair value of the assets acquired and liabilities assumed are preliminary, as the Company is gathering information to finalize the valuation of these assets and liabilities. The preliminary allocation of the aggregate purchase prices for these individually immaterial acquisitions during 2019 is as follows (in thousands):



Pawn loans	$	9,991
Pawn loan fees receivable	815
Inventories	6,729
Other current assets	259
Property and equipment	1,642
Goodwill ⁽¹⁾	27,306
Intangible assets ⁽²⁾	545
Current liabilities	(523		)
Aggregate purchase price	$	46,764


⁽¹⁾	Goodwill associated with the U.S. operations segment and the Latin America operations segment was $11.8 million and $15.5 million, respectively. Substantially all of the goodwill is expected to be deductible for respective U.S. and Mexico income tax purposes.


⁽²⁾	Intangible assets primarily consist of customer relationships, which are generally amortized over five years.

The results of operations for the acquired stores have been consolidated since the respective acquisition dates. During 2019, revenue from the acquired stores was $31.0 million and the earnings from the combined acquisitions since the acquisition dates (including $1.3 million of transaction and integration costs, net of tax) was approximately $1.2 million.

Historical pre-acquisition financial statements of the 13 separate Mexico acquisitions were created in local country GAAP and the Company did not obtain pre-acquisition financial statements prepared in accordance with U.S. GAAP. As a result, and due to the insignificance of these acquisitions, it is impractical for the Company to adequately present supplemental pro forma information.

2018 Acquisitions

During 2018, the Company acquired 366 pawn stores located in Mexico in six separate transactions and 27 pawn stores located in the U.S. in nine separate transactions. The aggregate purchase price for these acquisitions totaled $125.4 million, net of cash acquired. The aggregate purchase price was composed of $113.7 million in cash paid during 2018 and remaining short-term amounts payable to the sellers of approximately $11.7 million.

In regard to the Mexico acquisitions, in February 2018, the Company acquired the operating assets of 126 pawn stores operating under the Prendamex brand. The seller of these pawn stores also owned and operated a franchise business whereby independent franchisees entered into individual franchise agreements allowing the franchisee, among other things, the use of the Prendamex brand. Subsequent to the February 2018 transaction, the Company entered into five additional asset acquisitions in 2018 and 13 additional asset acquisitions in 2019 of stores owned by certain of the independent Prendamex franchisees, representing aggregate purchases of 403 locations. Each of the 18 acquisitions involved different independent ownership groups and were individually negotiated and completed separately. Also in conjunction with the February 2018 transaction, the Company assumed certain of the franchisor rights and obligations from the original Prendamex seller representing a total of 43 franchised store locations under which the Company continues to operate as the franchisor of these locations as of December 31, 2019.

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair value of financial instruments is determined by reference to various market data and other valuation techniques, as appropriate. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. The three fair value levels are (from highest to lowest):

Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data.

Level 3: Unobservable inputs that are not corroborated by market data.

Recurring Fair Value Measurements

As of December 31, 2019 and 2018, the Company did not have any financial assets or liabilities that are measured at fair value on a recurring basis.

Fair Value Measurements on a Non-Recurring Basis

The Company measures non-financial assets and liabilities such as property and equipment and intangible assets at fair value on a non-recurring basis or when events or circumstances indicate that the carrying amount of the assets may be impaired.

Financial Assets and Liabilities Not Measured at Fair Value

The Company’s financial assets and liabilities as of December 31, 2019 and 2018 that are not measured at fair value in the consolidated balance sheets are as follows (in thousands):



	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	$	—



	Carrying Value		Estimated Fair Value
	December 31,		December 31,		Fair Value Measurements Using
	2018		2018		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	71,793	$	71,793	$	71,793	$	—	$	—
Fees and service charges receivable	45,430		45,430		—		—		45,430
Pawn loans	362,941		362,941		—		—		362,941
Consumer loans, net	15,902		15,902		—		—		15,902
	$	496,066	$	496,066	$	71,793	$	—	$	424,273

Financial liabilities:
Revolving unsecured credit facility	$	295,000	$	295,000	$	—	$	295,000	$	—
Senior unsecured notes (outstanding principal)	300,000		293,000		—		293,000		—
	$	595,000	$	588,000	$	—	$	588,000	$	—

As cash and cash equivalents have maturities of less than three months, the carrying value of cash and cash equivalents approximates fair value. Due to their short-term maturities, the carrying value of pawn loans and fees and service charges receivable approximate fair value. Consumer loans, net are carried net of the allowance for estimated loan losses, which is calculated by applying historical loss rates combined with recent default trends to the gross consumer loan balance. Therefore, the carrying value approximates the fair value.

The carrying value of the Company’s revolving unsecured credit facility approximates fair value as of December 31, 2019 and 2018. The fair value of the revolving unsecured credit facility is estimated based on market values for debt issuances with similar characteristics or rates currently available for debt with similar terms. In addition, the revolving unsecured credit facility has a variable interest rate based on a fixed spread over LIBOR and reprices with any changes in LIBOR. The fair value of the senior unsecured notes is estimated based on quoted prices in markets that are not active.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Long-Term Debt

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Long-Term Debt

LONG-TERM DEBT

The following table details the Company’s long-term debt at the respective principal amounts, net of unamortized debt issuance costs on the senior unsecured notes (in thousands):



	As of December 31,
	2019		2018
Revolving unsecured credit facility, maturing 2024 ⁽¹⁾	$	335,000	$	295,000
5.375% senior unsecured notes due 2024 ⁽²⁾	296,568		295,887
Total long-term debt	$	631,568	$	590,887


⁽¹⁾	Debt issuance costs related to the Company’s revolving unsecured credit facility are included in other assets in the accompanying consolidated balance sheets.


⁽²⁾	As of December 31, 2019 and 2018, deferred debt issuance costs of $3.4 million and $4.1 million, respectively, are included as a direct deduction from the carrying amount of the senior unsecured notes in the accompanying consolidated balance sheets.

Revolving Unsecured Credit Facility

During the period from January 1, 2019 through December 19, 2019, the Company maintained an unsecured line of credit with a group of U.S. based commercial lenders (the “Credit Facility”) in the amount of $425.0 million, which was scheduled to mature in October 2023. The Credit Facility charged interest, at the Company’s option, at either (1) the prevailing London Interbank Offered Rate (“LIBOR”) (with interest periods of 1 week or 1, 2, 3 or 6 months at the Company’s option) plus a fixed spread of 2.5% or (2) the prevailing prime or base rate plus a fixed spread of 1.5%.

On December 19, 2019, the Company amended and extended the Credit Facility. The total lender commitment under the amended facility increased from $425.0 million to $500.0 million and the term was extended to December 19, 2024, which would accelerate to 90 days prior to the maturity of the Company’s senior unsecured notes due June 1, 2024 if the Company’s senior unsecured notes have not been refinanced or otherwise extended past December 19, 2024 by such date. Certain financial covenants in the facility were amended, including a temporary increase in the permitted domestic leverage ratio from 4.0 to 4.5 times domestic

EBITDA, adjusted for certain customary items as more fully set forth in the Credit Facility (“Adjusted Domestic EBITDA”), through December 31, 2020 and to 4.25 times Adjusted Domestic EBITDA from January 1, 2021 through December 31, 2021 and a temporary decrease in the consolidated leverage ratio from 3.0 to 2.75 times consolidated EBTIDA, adjusted for certain customary items as more fully set forth in the Credit Agreement, through December 31, 2021. The temporary changes to the leverage ratios will revert to the previous ratios effective January 1, 2022. In addition, the amendment allowed for a permanent exclusion of up to $50 million in parent guaranteed indebtedness of foreign subsidiaries from funded indebtedness used in the calculation of the domestic leverage ratio.

At December 31, 2019, the Company had $335.0 million in outstanding borrowings and $3.3 million in outstanding letters of credit under the Credit Facility, leaving $161.7 million available for future borrowings. The Credit Facility is unsecured and bears interest, at the Company’s option, of either (1) the prevailing LIBOR (with interest periods of 1 week or 1, 2, 3 or 6 months at the Company’s option) plus a fixed spread of 2.5% or (2) the prevailing prime or base rate plus a fixed spread of 1.5%. The agreement has a LIBOR floor of 0%. Additionally, the Company is required to pay an annual commitment fee of 0.50% on the average daily unused portion of the Credit Facility commitment. The weighted-average interest rate on amounts outstanding under the Credit Facility at December 31, 2019 was 4.13% based on 1 week LIBOR. Under the terms of the Credit Facility, the Company is required to maintain certain financial ratios and comply with certain financial covenants. The Credit Facility also contains customary restrictions on the Company’s ability to incur additional debt, grant liens, make investments, consummate acquisitions and similar negative covenants with customary carve-outs and baskets. The Company was in compliance with the covenants of the Credit Facility as of December 31, 2019. During 2019, the Company received net proceeds of $40.0 million from borrowings pursuant to the Credit Facility.

Senior Unsecured Notes

On May 30, 2017, the Company issued $300.0 million of 5.375% senior unsecured notes due on June 1, 2024 (the “Notes”), all of which are currently outstanding. Interest on the Notes is payable semi-annually in arrears on June 1 and December 1. The Notes are fully and unconditionally guaranteed on a senior unsecured basis jointly and severally by all of the Company's existing and future domestic subsidiaries that guarantee its Credit Facility. The Notes will permit the Company to make restricted payments, such as purchasing shares of its stock and paying cash dividends, in an unlimited amount if, after giving pro forma effect to the incurrence of any indebtedness to make such payment, the Company's consolidated total debt ratio (“Net Debt Ratio”) is less than 2.25 to 1. The Net Debt Ratio is defined generally in the indenture governing the Notes as the ratio of (1) the total consolidated debt of the Company minus cash and cash equivalents of the Company to (2) the Company’s consolidated trailing twelve months EBITDA, as adjusted to exclude certain non-recurring expenses and giving pro forma effect to operations acquired during the measurement period.

The Company used the proceeds from the Notes to repurchase, or otherwise redeem, its previously outstanding $200.0 million, 6.75% senior unsecured notes due 2021 (the “2021 Notes”). As a result, during 2017, the Company recognized a $14.1 million loss on extinguishment of debt related to the repurchase or redemption of the 2021 Notes.

As of December 31, 2019, annual maturities of the outstanding long-term debt for each of the five years after December 31, 2019 are as follows (in thousands):



2020	$	—
2021	—
2022	—
2023	—
2024	635,000
Thereafter	—
	$	635,000

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

Components of the provision for income taxes and the income to which it relates for the years ended December 31, 2019, 2018 and 2017 consist of the following (in thousands):



	Year Ended December 31,
	2019		2018			2017
Income before income taxes ⁽¹⁾:
Domestic	$	145,570	$	125,056		$	93,365
Foreign	79,041		80,253			78,947
Income before income taxes	$	224,611	$	205,309		$	172,312

Current income taxes:
Federal⁽²⁾	$	26,624	$	18,751		$	15,995
Foreign	21,904		23,231			23,340
State and local	2,553		2,506			968
Current provision for income taxes	51,081		44,488			40,303

Deferred provision (benefit) for income taxes:
Federal ⁽³⁾	7,498		7,621			(11,509		)
Foreign	863		(566		)	(1,079		)
State and local	551		560			705
Total deferred provision (benefit) for income taxes	8,912		7,615			(11,883		)

Provision for income taxes	$	59,993	$	52,103		$	28,420


⁽¹⁾	Includes the allocation of certain administrative expenses and intercompany payments, such as royalties and interest, between domestic and foreign subsidiaries.

⁽²⁾

The year ended December 31, 2017 includes a provisional $1.9 million income tax expense relating to the one-time mandatory tax on previously deferred earnings of the Company’s foreign subsidiaries as a result of the Tax Cuts and Jobs Act (“Tax Act”). The year ended December 31, 2018 includes a $1.5 million income tax benefit as a result of the Company’s finalization of certain estimates and tax positions used to record the 2017 provisional tax expense. The years ended December 31, 2019 and 2018 include $1.1 million and $0.8 million of income tax expense, respectively, relating to the global intangible low-taxed income (GILTI) inclusion.

⁽³⁾

The year ended December 31, 2017 includes a provisional $29.2 million income tax benefit resulting from the remeasurement of the Company’s domestic net deferred tax liabilities based on the lower corporate income tax rate as a result of the Tax Act. During 2018, the Company finalized certain estimates and tax positions used in the analysis of the 2017 provisional tax benefit resulting in no adjustments.

The Company does not include foreign subsidiaries in its consolidated U.S. federal income tax return, and it is the Company’s intent to indefinitely reinvest the earnings of these subsidiaries outside the U.S. At December 31, 2019, the cumulative amount of indefinitely reinvested earnings of foreign subsidiaries was $256.5 million, which would not be subject to additional U.S. taxes if the earnings were repatriated into the U.S.

The principal deferred tax assets and liabilities consist of the following (in thousands):



	As of December 31,
	2019			2018
Deferred tax assets:
Property and equipment	$	10,407		$	8,073
Accrued fees on forfeited pawn loans	8,006			7,489
Deferred cost of goods sold deduction	5,721			3,494
Accrued compensation and employee benefits	2,163			1,912
State net operating losses	6,012			6,430
Other	4,428			6,027
Total deferred tax assets	36,737			33,425

Deferred tax liabilities:
Intangible assets	71,814			66,734
Net operating lease asset	5,819			—
Property and equipment	—			1,668
Other	2,812			1,807
Total deferred tax liabilities	80,445			70,209

Net deferred tax liabilities before valuation allowance	(43,708		)	(36,784		)
Valuation allowance	(6,012		)	(6,430		)
Net deferred tax liabilities	$	(49,720	)	$	(43,214	)

Reported as:
Deferred tax assets	$	11,711		$	11,640
Deferred tax liabilities	(61,431		)	(54,854		)
Net deferred tax liabilities	$	(49,720	)	$	(43,214	)

The Company has a valuation allowance of $6.0 million and $6.4 million as of December 31, 2019 and 2018, respectively, related to the deferred tax assets associated with its state net operating losses. The Company has evaluated the nature and timing of its other deferred tax assets and concluded that no additional valuation allowance is necessary.

The following is a reconciliation of income taxes calculated at the U.S. federal statutory rate to the provision for income taxes (dollars in thousands):



	Year Ended December 31,
	2019			2018			2017
U.S. federal statutory rate	21		%	21		%	35		%

Tax at the U.S. federal statutory rate	$	47,168		$	43,115		$	60,309
State income tax, net of federal tax benefit of $652, $644 and $586, respectively	2,452			2,422			1,087
Net incremental income tax expense (benefit) from foreign earnings ⁽¹⁾	6,314			6,031			(5,442		)
Net tax benefit resulting from the enactment of the Tax Act	—			(1,494		)	(27,269		)
Non-deductible compensation expense	2,074			1,827			—
Other taxes and adjustments, net	1,985			202			(265		)
Provision for income taxes	$	59,993		$	52,103		$	28,420

Effective tax rate	26.7		%	25.4		%	16.5		%


⁽¹⁾	Includes a $2.3 million, $3.3 million and $4.0 million foreign permanent tax benefit related to an inflation index adjustment allowed under Mexico tax law for the years ended December 31, 2019, 2018 and 2017, respectively.

The Company’s foreign operating subsidiaries are owned by a wholly-owned subsidiary located in the Netherlands. The foreign operating subsidiaries are subject to their respective foreign statutory rates, which differ from the U.S. federal statutory rate. The statutory tax rates in Mexico, Guatemala, El Salvador and Colombia are generally 30%, 25%, 30% and 33%, respectively. The statutory tax rate in the Netherlands is 0% on eligible dividends received from its foreign subsidiaries.

The Company reviews the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. Interest and penalties related to income tax liabilities that could arise would be classified as interest expense in the Company’s consolidated statements of income.

As of December 31, 2019 and 2018, the Company had no unrecognized tax benefits and, therefore, the Company did not have a liability for accrued interest and penalties and no such interest or penalties were incurred for the years ended December 31, 2019, 2018 and 2017.

The Company files federal income tax returns in the U.S., Mexico, Guatemala, El Salvador, Colombia and the Netherlands, as well as multiple state and local income tax returns in the U.S. The Company’s U.S. federal returns are not subject to examination for tax years prior to 2016. The Company’s U.S. state income tax returns are not subject to examination for the tax years prior to 2016 with the exception of six states, which are not subject to examination for tax years prior to 2015. With respect to federal tax returns in Mexico, Guatemala, El Salvador, Colombia and the Netherlands, the tax years prior to 2014 are closed to examination. There are no state income taxes in Mexico, Guatemala, El Salvador, Colombia or the Netherlands.

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

Changes in the carrying value of goodwill by segment were as follows (in thousands):



December 31, 2019	U.S. operations segment		Latin America operations segment			Total
Balance, beginning of year	$	759,538	$	157,881		$	917,419
Acquisitions (see Note 3)	11,773		15,533			27,306
Effect of foreign currency translation	—		5,175			5,175
Other adjustments	—		(1,257		)	(1,257		)
Balance, end of year	$	771,311	$	177,332		$	948,643

December 31, 2018
Balance, beginning of year	$	743,997	$	87,148		$	831,145
Acquisitions (see Note 3)	15,541		71,427			86,968
Effect of foreign currency translation	—		(694		)	(694		)
Balance, end of year	$	759,538	$	157,881		$	917,419

The Company performed its annual assessment of goodwill and determined there was no impairment as of December 31, 2019 and 2018.

Definite-Lived Intangible Assets

The following table summarizes the components of gross and net definite-lived intangible assets subject to amortization (in thousands):



	As of December 31,
	2019							2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	25,899	$	(21,681	)	$	4,218	$	25,453	$	(18,955	)	$	6,498
Executive non-compete agreements	—		—			—		8,700		(8,700		)	—
	$	25,899	$	(21,681	)	$	4,218	$	34,153	$	(27,655	)	$	6,498

Customer relationships are generally amortized using an accelerated amortization method that reflects the future cash flows expected from the returning pawn customers. The executive non-compete agreements expired and were fully amortized during 2018.

Amortization expense for definite-lived intangible assets was $2.9 million, $6.6 million and $10.7 million for the years ended December 31, 2019, 2018 and 2017, respectively. The remaining weighted-average amortization period for customer relationships is 1.1 years. Estimated future amortization expense is as follows (in thousands):



2020	$	2,368
2021	1,300
2022	299
2023	231
2024	20
	$	4,218

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets as of December 31, 2019 and 2018, consist of the following (in thousands):



	As of December 31,
	2019		2018
Trade names	$	46,300	$	46,300
Pawn licenses ⁽¹⁾	34,107		34,092
Other indefinite-lived intangibles	1,250		1,250
	$	81,657	$	81,642


⁽¹⁾	Costs to renew licenses with indefinite lives are expensed as incurred and recorded in store operating expenses in the consolidated statements of income.

The Company performed its annual assessment of indefinite-lived intangible assets and determined there was no impairment as of December 31, 2019 and 2018.

Equity Compensation Plans and Share-Based Compensation

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Equity Compensation Plans and Share-Based Compensation

EQUITY COMPENSATION PLANS AND SHARE-BASED COMPENSATION

The Company has previously adopted equity and share-based compensation plans to attract and retain executive officers, directors and key employees. Under these plans, the Company has granted qualified and non-qualified common stock options and restricted stock unit awards to executive officers, directors and other key employees. At December 31, 2019, 3,500,000 shares were reserved for future grants to all employees and directors under the plans.

Restricted Stock Unit Awards

The Company has granted restricted stock units under the Company’s equity and share-based incentive compensation plans. The restricted stock units are settled in shares of common stock upon vesting. The performance-based awards vest three years from the date of the grant. The performance period for each of the performance-based grants is a three-year cumulative period beginning in January of the respective grant year. The Company’s level of achievement of the performance goals at the end of each respective performance period will result in awards between zero and the maximum share award. The award criteria for the 2019 performance-based grants relate to growth in the Company’s net income, adjusted for certain non-core and/or non-recurring items, growth in constant currency pawn revenue (retail merchandise sales, pawn loan fees and wholesale scrap jewelry sales) and new (“de novo”) store openings over the three-year cumulative period. The award criteria for the 2018 and 2017 performance-based grants relate to growth in the Company’s net income, adjusted for certain non-core and/or non-recurring items, and total store additions over the respective three-year cumulative period. The time-based awards granted in 2019, 2018 and 2017 vest in equal annual installments, subject to continued employment with the Company, over a five year period from the grant date. The grant date fair value of the restricted stock units is based on the Company’s closing stock price on the day of the grant or subsequent award modification date, if applicable, and the fair value of performance-based awards is based on the maximum amount of the award expected to be achieved. The amount attributable to award grants is amortized to expense over the vesting periods. The Company

typically issues treasury shares to satisfy vested restricted stock unit awards.

The following table summarizes the restricted stock unit award activity for the years ended December 31, 2019, 2018 and 2017 (shares in thousands):



	2019				2018				2017
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
	Underlying		Fair Value		Underlying		Fair Value		Underlying		Fair Value
	Shares		of Grant		Shares		of Grant		Shares		of Grant
Outstanding at beginning of year	254		$	59.53	157		$	47.36	30		$	45.93
Performance-based grants ⁽¹⁾	109		86.86		102		72.70		117		48.25
Time-based grants	19		86.86		17		72.70		20		43.55
Performance-based vested	(10	)	45.93		(10	)	45.93		(10	)	45.93
Time-based vested	(15	)	73.78		(12	)	43.55		—		—
Outstanding at end of year	357		$	69.13	254		$	59.53	157		$	47.36


⁽¹⁾	Represents the maximum possible award. The Company’s level of achievement of the respective performance goals will result in actual vesting of between zero shares and the maximum share award.

Restricted stock unit awards vesting in 2019, 2018 and 2017 had an aggregate intrinsic value of $2.1 million, $1.6 million and $0.7 million, respectively, based on the closing price of the Company’s stock on the date of vesting. The outstanding award units had an aggregate intrinsic value of $28.8 million at December 31, 2019.

Stock Options

The Company has not issued common stock options in the last eight years. Previous option awards have been granted to purchase the Company’s common stock at an exercise price equal to or greater than the fair market value at the date of grant and generally had a maximum duration of ten years. The Company typically issues treasury shares to satisfy stock option exercises.

Stock options outstanding as of December 31, 2019 are as follows (shares in thousands):



					Weighted-Average	Currently
Exercise Price			Option Shares		Remaining Life	Exercisable Shares
	$	38.00		40	1.9		20
	40.00			30	1.0		20
				70	1.5		40

The following table summarizes stock option activity for the years ended December 31, 2019, 2018 and 2017 (shares in thousands):



	2019				2018				2017
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
	Underlying		Exercise		Underlying		Exercise		Underlying		Exercise
	Shares		Price		Shares		Price		Shares		Price
Outstanding at beginning of year	80		$	39.00	90		$	39.11	103		$	37.34
Exercised	(10	)	40.00		(10	)	40.00		(13	)	24.57
Outstanding at end of year	70		38.86		80		39.00		90		39.11

Exercisable at end of year	40		39.00		30		39.33		20		40.00

At December 31, 2019, the aggregate intrinsic value for the stock options outstanding was $2.9 million, of which $1.7 million was exercisable at the end of the year, with weighted-average remaining contractual terms of 1.5 years. The aggregate intrinsic value reflects the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on December 31, 2019.

The total intrinsic value of options exercised for 2019, 2018 and 2017 was $0.6 million, $0.5 million and $0.3 million, respectively. The intrinsic values are based on the closing price of the Company’s stock on the date of exercise.

Share-Based Compensation Expense

The Company’s net income includes the following compensation costs related to share-based compensation arrangements (in thousands):



	Year Ended December 31,
	2019			2018			2017
Gross compensation costs:
Restricted stock unit awards	$	8,637		$	5,712		$	2,959
Stock options	43			74			110
Total gross compensation costs	8,680			5,786			3,069

Income tax benefits:
Restricted stock unit awards	(302		)	(1,320		)	(1,036		)
Exercise of stock options	(114		)	(94		)	(39		)
Total income tax benefits	(416		)	(1,414		)	(1,075		)

Net compensation expense	$	8,264		$	4,372		$	1,994

As of December 31, 2019, the total compensation cost related to non-vested restricted stock unit awards not yet recognized was $9.8 million and is expected to be recognized over the weighted-average period of 1.4 years. As of December 31, 2019, the total compensation cost related to non-vested stock options not yet recognized was $16,000 and is expected to be recognized over the weighted-average period of 0.5 years.

Segment and Geographic Information

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment and Geographic Information

SEGMENT AND GEOGRAPHIC INFORMATION

Segment Information

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


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


•	Latin America operations - Includes all pawn operations in Latin America, which includes operations in Mexico, Guatemala, El Salvador and Colombia.

Corporate expenses, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, merger and other acquisition expenses and loss (gain) on foreign exchange, are incurred or earned in both the U.S. and Latin America, but presented on a consolidated basis and are not allocated between the U.S. operations segment and Latin America operations segment.

The following tables present reportable segment information for the years ended December 31, 2019, 2018 and 2017 as well as separately identified segment assets (in thousands):



	Year Ended December 31, 2019
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	722,127	$	453,434	$	—		$	1,175,561
Pawn loan fees	379,395		185,429		—			564,824
Wholesale scrap jewelry sales	71,813		32,063		—			103,876
Consumer loan and credit services fees ⁽¹⁾	20,178		—		—			20,178
Total revenue	1,193,513		670,926		—			1,864,439

Cost of revenue:
Cost of retail merchandise sold	447,911		297,950		—			745,861
Cost of wholesale scrap jewelry sold	65,941		30,131		—			96,072
Consumer loan and credit services loss provision ⁽¹⁾	4,159		—		—			4,159
Total cost of revenue	518,011		328,081		—			846,092

Net revenue	675,502		342,845		—			1,018,347

Expenses and other income:
Store operating expenses	412,508		183,031		—			595,539
Administrative expenses	—		—		122,334			122,334
Depreciation and amortization	20,860		14,626		6,418			41,904
Interest expense	—		—		34,035			34,035
Interest income	—		—		(1,055		)	(1,055		)
Merger and other acquisition expenses	—		—		1,766			1,766
Loss on foreign exchange	—		—		(787		)	(787		)
Total expenses and other income	433,368		197,657		162,711			793,736

Income (loss) before income taxes	$	242,134	$	145,188	$	(162,711	)	$	224,611



	As of December 31, 2019
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	268,793	$	100,734	$	—	$	369,527
Consumer loans, net ⁽¹⁾	751		—		—		751
Inventories	181,320		83,936		—		265,256
Goodwill	771,311		177,332		—		948,643
Total assets	1,767,504		574,059		97,877		2,439,440


⁽¹⁾	The Company ceased offering unsecured consumer lending and credit services products in all of its Ohio locations on April 26, 2019 and closed 52 Ohio locations during the second quarter of 2019.



	Year Ended December 31, 2018
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	709,594	$	382,020	$	—		$	1,091,614
Pawn loan fees	373,406		151,740		—			525,146
Wholesale scrap jewelry sales	85,718		22,103		—			107,821
Consumer loan and credit services fees ⁽¹⁾	55,417		860		—			56,277
Total revenue	1,224,135		556,723		—			1,780,858

Cost of revenue:
Cost of retail merchandise sold	450,516		246,150		—			696,666
Cost of wholesale scrap jewelry sold	78,308		21,656		—			99,964
Consumer loan and credit services loss provision ⁽¹⁾	17,223		238		—			17,461
Total cost of revenue	546,047		268,044		—			814,091

Net revenue	678,088		288,679		—			966,767

Expenses and other income:
Store operating expenses	414,097		149,224		—			563,321
Administrative expenses	—		—		120,042			120,042
Depreciation and amortization	21,021		11,333		10,607			42,961
Interest expense	—		—		29,173			29,173
Interest income	—		—		(2,444		)	(2,444		)
Merger and other acquisition expenses	—		—		7,643			7,643
Loss on foreign exchange	—		—		762			762
Total expenses and other income	435,118		160,557		165,783			761,458

Income (loss) before income taxes	$	242,970	$	128,122	$	(165,783	)	$	205,309



	As of December 31, 2018
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	271,584	$	91,357	$	—	$	362,941
Consumer loans, net ⁽¹⁾	15,902		—		—		15,902
Inventories	199,978		75,152		—		275,130
Goodwill	759,538		157,881		—		917,419
Total assets	1,534,542		407,282		166,150		2,107,974


⁽¹⁾	Effective June 30, 2018, the Company no longer offers an unsecured consumer loan product in Latin America.



	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 ⁽¹⁾	423,214		128,977		—			552,191
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
Gain on foreign exchange⁽¹⁾	—		—		(317		)	(317		)
Loss on extinguishment of debt	—		—		14,114			14,114
Total expenses and other income	447,287		139,288		188,619			775,194

Income (loss) before income taxes	$	244,780	$	116,151	$	(188,619	)	$	172,312


⁽¹⁾	The gain on foreign exchange for the Latin America operations segment of $0.3 million for 2017 was reclassified on the consolidated statements of income in order to conform with the presentation for the year ended December 31, 2019. The gain on foreign exchange was reclassified from store operating expenses and reported separately on the consolidated statements of income.



	As of 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
Goodwill	743,997		87,148		—		831,145
Total assets	1,527,012		282,605		253,167		2,062,784

Geographic Information

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



	Year Ended December 31,
	2019		2018		2017
Revenue:
U.S.	$	1,193,513	$	1,224,135	$	1,292,492
Mexico	641,505		531,744		464,161
Other Latin America	29,421		24,979		23,169
	$	1,864,439	$	1,780,858	$	1,779,822

Long-lived assets:
U.S.	$	254,395	$	226,358	$	227,659
Mexico	80,385		65,260		53,175
Other Latin America	12,893		9,265		3,552
	$	347,673	$	300,883	$	284,386

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Principles of consolidation

Cash and cash equivalents

Customer loans and revenue recognition

extension of credit made by the Independent Lender. The extensions of credit made by the Independent Lender to credit services customers typically have terms of 7 to 180 days.

Credit loss provisions

Foreign Currency Transactions

Store operating expenses

Layaway and deferred revenue

Inventories

Property and equipment

Goodwill and other indefinite-lived intangible assets

Long-lived assets

Fair value of financial instruments

Income taxes

Advertising

Share-based compensation

Earnings per share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):



	Year Ended December 31,
	2019		2018		2017
Numerator:
Net income	$	164,618	$	153,206	$	143,892

Denominator:
Weighted-average common shares for calculating basic earnings per share	43,020		44,777		47,854
Effect of dilutive securities:
Stock options and restricted stock unit awards	188		107		34
Weighted-average common shares for calculating diluted earnings per share	43,208		44,884		47,888

Earnings per share:
Basic	$	3.83	$	3.42	$	3.01
Diluted	3.81		3.41		3.00

Pervasiveness of estimates

Revisions and reclassifications

Recent accounting pronouncements

The adoption of ASU 2019-08 did not have a material effect on the Company’s current financial position, results of operations or financial statement disclosures.

Operating Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Right-of-Use Asset and Lease Liability

The following table details the components of the operating lease right of use asset and lease liability recognized upon adoption of ASC 842 on January 1, 2019 (in thousands):



Initial measurement of operating lease right of use asset (present value of the future minimum lease payments)	$	295,063
Accrued straight-line rent liability ⁽¹⁾	(4,237		)
Amounts previously recognized in respect of business combinations:
Favorable lease intangible assets ⁽²⁾	45,596
Unfavorable lease intangible liabilities ⁽³⁾	(17,275		)
Total initial operating lease right of use asset	$	319,147

Lease liability, current	$	(87,608	)
Lease liability, non-current	(207,455		)
Total initial lease liability (present value of the future minimum lease payments)	$	(295,063	)


⁽¹⁾	Included in accounts payable and accrued liabilities in the accompanying consolidated balance sheet as of December 31, 2018.


⁽²⁾	Included in prepaid expenses and other current assets and other assets in the accompanying consolidated balance sheet as of December 31, 2018.

⁽³⁾

Included in accounts payable and accrued liabilities and other liabilities in the accompanying consolidated balance sheet as of December 31, 2018.

Schedule of Lease Expense and Supplemental Cash Flow Information

The following table details the components of lease expense included in store operating expenses in the consolidated statements of income during the year ended December 31, 2019 (in thousands):



Operating lease expense ⁽¹⁾	$	124,082
Variable lease expense ⁽²⁾	7,775
Total operating lease expense	$	131,857


⁽¹⁾	Includes $0.8 million of net amortization related to the favorable/unfavorable lease intangible assets/liabilities that were reclassified to the operating lease right of use asset in the accompanying consolidated balance sheets upon adoption of ASC 842 on January 1, 2019.

⁽²⁾

Variable lease costs consist primarily of taxes, insurance and common area or other maintenance costs paid based on actual costs incurred by the lessor and can therefore vary over the lease term.

The following table details supplemental cash flow information related to operating leases for the year ended December 31, 2019 (in thousands):



Cash paid for amounts included in the measurement of operating lease liabilities	$	116,448
Leased assets obtained in exchange for new operating lease liabilities	$	71,117

Schedule of Maturity of Lease Liabilities

The following table details the maturity of lease liabilities for all operating leases as of December 31, 2019 (in thousands):



2020	$	105,118
2021	84,541
2022	60,690
2023	40,514
2024	18,760
Thereafter	15,477
Total	$	325,100
Less amount of lease payments representing interest	(45,130		)
Total present value of lease payments	$	279,970

Customer Loans and Valuation Accounts (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Schedule of Consumer Loans

Consumer loans, net are composed of the following (in thousands):



December 31, 2019
Total consumer loans	$	785
Less allowance for doubtful accounts	(34		)
Consumer loans, net	$	751

December 31, 2018
Total consumer loans	$	16,785
Less allowance for doubtful accounts	(883		)
Consumer loans, net	$	15,902

Allowance for Credit Losses

Changes in the allowance for consumer loan credit losses are as follows (in thousands):



	Year Ended December 31,
	2019			2018			2017
Balance at beginning of year	$	883		$	1,815		$	2,251
Provision for credit losses	2,395			9,405			12,762
Charge-offs, net of recoveries from customers	(3,244		)	(10,337		)	(13,198		)
Balance at end of year	$	34		$	883		$	1,815

Under the CSO Program, the Company assists customers in applying for a short-term extension of credit from an Independent Lender and issues the Independent Lender a guarantee for the repayment of the extension of credit. The Company is required to recognize, at the inception of the guarantee, a liability for the estimated fair value of the obligation undertaken by issuing the guarantee. The Company records the estimated fair value of the liability in accrued liabilities. Changes in the liability for credit services losses are as follows (in thousands):



	Year Ended December 31,
	2019			2018			2017
Balance at beginning of year	$	252		$	440		$	582
Provision for credit losses	1,764			8,056			7,057
Amounts paid to Independent Lenders under guarantees, net of recoveries from customers	(1,926		)	(8,244		)	(7,199		)
Balance at end of year	$	90		$	252		$	440

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Components of the provision for income taxes and the income to which it relates for the years ended December 31, 2019, 2018 and 2017 consist of the following (in thousands):



	Year Ended December 31,
	2019		2018			2017
Income before income taxes ⁽¹⁾:
Domestic	$	145,570	$	125,056		$	93,365
Foreign	79,041		80,253			78,947
Income before income taxes	$	224,611	$	205,309		$	172,312

Current income taxes:
Federal⁽²⁾	$	26,624	$	18,751		$	15,995
Foreign	21,904		23,231			23,340
State and local	2,553		2,506			968
Current provision for income taxes	51,081		44,488			40,303

Deferred provision (benefit) for income taxes:
Federal ⁽³⁾	7,498		7,621			(11,509		)
Foreign	863		(566		)	(1,079		)
State and local	551		560			705
Total deferred provision (benefit) for income taxes	8,912		7,615			(11,883		)

Provision for income taxes	$	59,993	$	52,103		$	28,420


⁽¹⁾	Includes the allocation of certain administrative expenses and intercompany payments, such as royalties and interest, between domestic and foreign subsidiaries.

⁽²⁾

⁽³⁾

Schedule of Deferred Tax Assets and Liabilities

The principal deferred tax assets and liabilities consist of the following (in thousands):



	As of December 31,
	2019			2018
Deferred tax assets:
Property and equipment	$	10,407		$	8,073
Accrued fees on forfeited pawn loans	8,006			7,489
Deferred cost of goods sold deduction	5,721			3,494
Accrued compensation and employee benefits	2,163			1,912
State net operating losses	6,012			6,430
Other	4,428			6,027
Total deferred tax assets	36,737			33,425

Deferred tax liabilities:
Intangible assets	71,814			66,734
Net operating lease asset	5,819			—
Property and equipment	—			1,668
Other	2,812			1,807
Total deferred tax liabilities	80,445			70,209

Net deferred tax liabilities before valuation allowance	(43,708		)	(36,784		)
Valuation allowance	(6,012		)	(6,430		)
Net deferred tax liabilities	$	(49,720	)	$	(43,214	)

Reported as:
Deferred tax assets	$	11,711		$	11,640
Deferred tax liabilities	(61,431		)	(54,854		)
Net deferred tax liabilities	$	(49,720	)	$	(43,214	)

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of income taxes calculated at the U.S. federal statutory rate to the provision for income taxes (dollars in thousands):



	Year Ended December 31,
	2019			2018			2017
U.S. federal statutory rate	21		%	21		%	35		%

Tax at the U.S. federal statutory rate	$	47,168		$	43,115		$	60,309
State income tax, net of federal tax benefit of $652, $644 and $586, respectively	2,452			2,422			1,087
Net incremental income tax expense (benefit) from foreign earnings ⁽¹⁾	6,314			6,031			(5,442		)
Net tax benefit resulting from the enactment of the Tax Act	—			(1,494		)	(27,269		)
Non-deductible compensation expense	2,074			1,827			—
Other taxes and adjustments, net	1,985			202			(265		)
Provision for income taxes	$	59,993		$	52,103		$	28,420

Effective tax rate	26.7		%	25.4		%	16.5		%

⁽¹⁾

Includes a $2.3 million, $3.3 million and $4.0 million foreign permanent tax benefit related to an inflation index adjustment allowed under Mexico tax law for the years ended December 31, 2019, 2018 and 2017, respectively.

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Rollforward

Changes in the carrying value of goodwill by segment were as follows (in thousands):



December 31, 2019	U.S. operations segment		Latin America operations segment			Total
Balance, beginning of year	$	759,538	$	157,881		$	917,419
Acquisitions (see Note 3)	11,773		15,533			27,306
Effect of foreign currency translation	—		5,175			5,175
Other adjustments	—		(1,257		)	(1,257		)
Balance, end of year	$	771,311	$	177,332		$	948,643

December 31, 2018
Balance, beginning of year	$	743,997	$	87,148		$	831,145
Acquisitions (see Note 3)	15,541		71,427			86,968
Effect of foreign currency translation	—		(694		)	(694		)
Balance, end of year	$	759,538	$	157,881		$	917,419

Definite Lived Intangible Assets Amortization

The following table summarizes the components of gross and net definite-lived intangible assets subject to amortization (in thousands):



	As of December 31,
	2019							2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	25,899	$	(21,681	)	$	4,218	$	25,453	$	(18,955	)	$	6,498
Executive non-compete agreements	—		—			—		8,700		(8,700		)	—
	$	25,899	$	(21,681	)	$	4,218	$	34,153	$	(27,655	)	$	6,498

Goodwill Future Amortization Expense

Estimated future amortization expense is as follows (in thousands):



2020	$	2,368
2021	1,300
2022	299
2023	231
2024	20
	$	4,218

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets as of December 31, 2019 and 2018, consist of the following (in thousands):



	As of December 31,
	2019		2018
Trade names	$	46,300	$	46,300
Pawn licenses ⁽¹⁾	34,107		34,092
Other indefinite-lived intangibles	1,250		1,250
	$	81,657	$	81,642


⁽¹⁾	Costs to renew licenses with indefinite lives are expensed as incurred and recorded in store operating expenses in the consolidated statements of income.

The Company performed its annual assessment of indefinite-lived intangible assets and determined there was no impairment as of December 31, 2019 and 2018.

Equity Compensation Plans and Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Nonvested Stock Options Activity

The following table summarizes the restricted stock unit award activity for the years ended December 31, 2019, 2018 and 2017 (shares in thousands):



	2019				2018				2017
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
	Underlying		Fair Value		Underlying		Fair Value		Underlying		Fair Value
	Shares		of Grant		Shares		of Grant		Shares		of Grant
Outstanding at beginning of year	254		$	59.53	157		$	47.36	30		$	45.93
Performance-based grants ⁽¹⁾	109		86.86		102		72.70		117		48.25
Time-based grants	19		86.86		17		72.70		20		43.55
Performance-based vested	(10	)	45.93		(10	)	45.93		(10	)	45.93
Time-based vested	(15	)	73.78		(12	)	43.55		—		—
Outstanding at end of year	357		$	69.13	254		$	59.53	157		$	47.36

⁽¹⁾

Represents the maximum possible award. The Company’s level of achievement of the respective performance goals will result in actual vesting of between zero shares and the maximum share award.

Schedule of Share-based Compensation, Shares Authorized under Stock Option and Warrant Plans, by Exercise Price

Stock options outstanding as of December 31, 2019 are as follows (shares in thousands):



					Weighted-Average	Currently
Exercise Price			Option Shares		Remaining Life	Exercisable Shares
	$	38.00		40	1.9		20
	40.00			30	1.0		20
				70	1.5		40

Schedule of Stock Options Activity

The following table summarizes stock option activity for the years ended December 31, 2019, 2018 and 2017 (shares in thousands):



	2019				2018				2017
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
	Underlying		Exercise		Underlying		Exercise		Underlying		Exercise
	Shares		Price		Shares		Price		Shares		Price
Outstanding at beginning of year	80		$	39.00	90		$	39.11	103		$	37.34
Exercised	(10	)	40.00		(10	)	40.00		(13	)	24.57
Outstanding at end of year	70		38.86		80		39.00		90		39.11

Exercisable at end of year	40		39.00		30		39.33		20		40.00

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The Company’s net income includes the following compensation costs related to share-based compensation arrangements (in thousands):



	Year Ended December 31,
	2019			2018			2017
Gross compensation costs:
Restricted stock unit awards	$	8,637		$	5,712		$	2,959
Stock options	43			74			110
Total gross compensation costs	8,680			5,786			3,069

Income tax benefits:
Restricted stock unit awards	(302		)	(1,320		)	(1,036		)
Exercise of stock options	(114		)	(94		)	(39		)
Total income tax benefits	(416		)	(1,414		)	(1,075		)

Net compensation expense	$	8,264		$	4,372		$	1,994

Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following tables present reportable segment information for the years ended December 31, 2019, 2018 and 2017 as well as separately identified segment assets (in thousands):



	Year Ended December 31, 2019
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	722,127	$	453,434	$	—		$	1,175,561
Pawn loan fees	379,395		185,429		—			564,824
Wholesale scrap jewelry sales	71,813		32,063		—			103,876
Consumer loan and credit services fees ⁽¹⁾	20,178		—		—			20,178
Total revenue	1,193,513		670,926		—			1,864,439

Cost of revenue:
Cost of retail merchandise sold	447,911		297,950		—			745,861
Cost of wholesale scrap jewelry sold	65,941		30,131		—			96,072
Consumer loan and credit services loss provision ⁽¹⁾	4,159		—		—			4,159
Total cost of revenue	518,011		328,081		—			846,092

Net revenue	675,502		342,845		—			1,018,347

Expenses and other income:
Store operating expenses	412,508		183,031		—			595,539
Administrative expenses	—		—		122,334			122,334
Depreciation and amortization	20,860		14,626		6,418			41,904
Interest expense	—		—		34,035			34,035
Interest income	—		—		(1,055		)	(1,055		)
Merger and other acquisition expenses	—		—		1,766			1,766
Loss on foreign exchange	—		—		(787		)	(787		)
Total expenses and other income	433,368		197,657		162,711			793,736

Income (loss) before income taxes	$	242,134	$	145,188	$	(162,711	)	$	224,611



	As of December 31, 2019
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	268,793	$	100,734	$	—	$	369,527
Consumer loans, net ⁽¹⁾	751		—		—		751
Inventories	181,320		83,936		—		265,256
Goodwill	771,311		177,332		—		948,643
Total assets	1,767,504		574,059		97,877		2,439,440


⁽¹⁾	The Company ceased offering unsecured consumer lending and credit services products in all of its Ohio locations on April 26, 2019 and closed 52 Ohio locations during the second quarter of 2019.



	Year Ended December 31, 2018
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	709,594	$	382,020	$	—		$	1,091,614
Pawn loan fees	373,406		151,740		—			525,146
Wholesale scrap jewelry sales	85,718		22,103		—			107,821
Consumer loan and credit services fees ⁽¹⁾	55,417		860		—			56,277
Total revenue	1,224,135		556,723		—			1,780,858

Cost of revenue:
Cost of retail merchandise sold	450,516		246,150		—			696,666
Cost of wholesale scrap jewelry sold	78,308		21,656		—			99,964
Consumer loan and credit services loss provision ⁽¹⁾	17,223		238		—			17,461
Total cost of revenue	546,047		268,044		—			814,091

Net revenue	678,088		288,679		—			966,767

Expenses and other income:
Store operating expenses	414,097		149,224		—			563,321
Administrative expenses	—		—		120,042			120,042
Depreciation and amortization	21,021		11,333		10,607			42,961
Interest expense	—		—		29,173			29,173
Interest income	—		—		(2,444		)	(2,444		)
Merger and other acquisition expenses	—		—		7,643			7,643
Loss on foreign exchange	—		—		762			762
Total expenses and other income	435,118		160,557		165,783			761,458

Income (loss) before income taxes	$	242,970	$	128,122	$	(165,783	)	$	205,309



	As of December 31, 2018
	U.S. Operations		Latin America Operations		Corporate		Consolidated
Pawn loans	$	271,584	$	91,357	$	—	$	362,941
Consumer loans, net ⁽¹⁾	15,902		—		—		15,902
Inventories	199,978		75,152		—		275,130
Goodwill	759,538		157,881		—		917,419
Total assets	1,534,542		407,282		166,150		2,107,974


⁽¹⁾	Effective June 30, 2018, the Company no longer offers an unsecured consumer loan product in Latin America.



	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 ⁽¹⁾	423,214		128,977		—			552,191
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
Gain on foreign exchange⁽¹⁾	—		—		(317		)	(317		)
Loss on extinguishment of debt	—		—		14,114			14,114
Total expenses and other income	447,287		139,288		188,619			775,194

Income (loss) before income taxes	$	244,780	$	116,151	$	(188,619	)	$	172,312


⁽¹⁾	The gain on foreign exchange for the Latin America operations segment of $0.3 million for 2017 was reclassified on the consolidated statements of income in order to conform with the presentation for the year ended December 31, 2019. The gain on foreign exchange was reclassified from store operating expenses and reported separately on the consolidated statements of income.



	As of 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
Goodwill	743,997		87,148		—		831,145
Total assets	1,527,012		282,605		253,167		2,062,784

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas



	Year Ended December 31,
	2019		2018		2017
Revenue:
U.S.	$	1,193,513	$	1,224,135	$	1,292,492
Mexico	641,505		531,744		464,161
Other Latin America	29,421		24,979		23,169
	$	1,864,439	$	1,780,858	$	1,779,822

Long-lived assets:
U.S.	$	254,395	$	226,358	$	227,659
Mexico	80,385		65,260		53,175
Other Latin America	12,893		9,265		3,552
	$	347,673	$	300,883	$	284,386

Operating Leases - Supplemental Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Initial measurement of operating lease right of use asset (present value of the future minimum lease payments)
Initial measurement of operating lease right of use asset (present value of the future minimum lease payments)		$ 295,063
Accrued straight-line rent liability		(4,237)
Amounts previously recognized in respect of business combinations:
Favorable lease intangible assets		45,596
Unfavorable lease intangible liabilities		(17,275)
Total initial operating lease right of use asset	$ 304,549	319,147	$ 0
Lease liability, current	(86,466)	(87,608)	0
Lease liability, non-current	(193,504)	(207,455)	$ 0
Total initial lease liability (present value of the future minimum lease payments)	$ (279,970)	$ (295,063)

Operating Leases - Narrative (Details) $ in Thousands	12 Months Ended
Operating Leases - Narrative (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	3 years 10 months 24 days
Weighted average discount rate (as a percent)	7.80%
Unrealized foreign currency gain (loss)	$ 900
Minimum
Lessee, Lease, Description [Line Items]
General term of leased facilities	3 years
Maximum
Lessee, Lease, Description [Line Items]
General term of leased facilities	5 years

Operating Leases - Lease Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019
Leases [Abstract]
2020	$ 105,118
2021	84,541
2022	60,690
2023	40,514
2024	18,760
Thereafter	15,477
Total	325,100
Less amount of lease payments representing interest	(45,130)
Total present value of lease payments	$ 279,970	$ 295,063

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash associated with undistributed earnings of foreign subsidiaries		$ 19,600
Pawn loans, term		30 days
Asset impairments related to consumer loan operations	$ 1,500	$ 0	$ 1,514	$ 0
U.S. federal statutory rate				35.00%
Advertising expense		1,200	1,400	$ 1,800
(Gain) loss on foreign exchange		787	(762)	317
Purchases of store real property		$ 74,661	$ 19,996	$ 11,164
Mexico, Pesos
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreign currency exchange rate, translation	1920.00%	1930.00%	1920.00%	1890.00%
United States of America, Dollars
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreign currency exchange rate, translation	100.00%	100.00%	100.00%	100.00%
Guatemala, Quetzales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreign currency exchange rate, translation	750.00%	770.00%	750.00%	740.00%
Colombia, Pesos
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreign currency exchange rate, translation	295600.00%	328000.00%	295600.00%	295100.00%
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Consumer loans term		7 days
Extensions of credit made by the Independent Lender to credit services customers terms		7 days
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Consumer loans term		45 days
Extensions of credit made by the Independent Lender to credit services customers terms		180 days
Buildings \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment useful life (years)		30 years
Buildings \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment useful life (years)		40 years
Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment useful life (years)		3 years
Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment useful life (years)		5 years
United States
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
U.S. federal statutory rate		21.00%	21.00%
(Gain) loss on foreign exchange		$ 0	$ 0	$ 0

Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Net income	$ 54,154	$ 34,761	$ 33,048	$ 42,655	$ 48,075	$ 33,325	$ 30,171	$ 41,635	$ 164,618	$ 153,206	$ 143,892
Weighted-average common shares for calculating basic earnings per share									43,020	44,777	47,854
Stock options and restricted stock unit awards									188	107	34
Weighted-average common shares for calculating diluted earnings per share	42,760	43,167	43,256	43,658	43,936	44,116	45,043	46,479	43,208	44,884	47,888
Basic (in dollars per share)									$ 3.83	$ 3.42	$ 3.01
Diluted (in dollars per share	$ 1.27	$ 0.81	$ 0.76	$ 0.98	$ 1.09	$ 0.76	$ 0.67	$ 0.90	$ 3.81	$ 3.41	$ 3.00

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 220
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-Section S99
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-Subparagraph (SX 210.5-03(21))
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Acquisitions - Narrative (Details) $ in Millions	12 Months Ended
Acquisitions - Narrative (Details) $ in Millions	Dec. 31, 2019 USD ($) store	Dec. 31, 2018 USD ($) store	Nov. 30, 2018 store	Feb. 28, 2018 store
Business Acquisition [Line Items]
Purchase price \| $	$ 46.8	$ 125.4
Cash paid \| $	44.9	113.7
Liabilities incurred \| $	1.9	$ 11.7
Revenue since acquisition \| $	31.0
Transaction and integration costs \| $	1.3
Net earnings since acquisition \| $	1.2
Payments for Previous Acquisition \| $	$ 7.6
Mexico
Business Acquisition [Line Items]
Number of stores acquired	163
Number of acquisitions	13
United States
Business Acquisition [Line Items]
Number of stores acquired	27
Number of acquisitions	9
Latin America Operations
Business Acquisition [Line Items]
Number of stores acquired		366	403	126
Number of acquisitions	13	6	5
Latin America Operations \| Mexico
Business Acquisition [Line Items]
Number of acquisitions	18
Latin America Operations \| Franchise [Member]
Business Acquisition [Line Items]
Number of stores acquired	43
U.S. Acquisitions
Business Acquisition [Line Items]
Number of stores acquired		27
Number of acquisitions		9

Acquisitions - Acquisitions Purchase Price Allocation Table (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill	$ 948,643	$ 917,419	$ 831,145
Customer Relationships
Business Acquisition [Line Items]
Intangible assets amortization period	5 years
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Pawn loans	$ 9,991
Fees and service charges receivable	815
Inventory	6,729
Other current assets	259
Property and equipment	1,642
Goodwill	27,306
Intangible assets	545
Current liabilities	(523)
Aggregate merger consideration	46,764
U.S. Acquisitions
Business Acquisition [Line Items]
Goodwill	11,800
Latin America Acquisition
Business Acquisition [Line Items]
Goodwill	$ 15,500

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Equity, Class of Treasury Stock [Line Items]
Stock repurchased during period (shares)	1,305,000	3,343,000
Dollar Amount Purchased in 2019	$ 113,963	$ 274,500
Stock repurchase program, average cost per share (in dollars per share)	$ 87.37	$ 82.12
Dollar Amount Authorized	$ 100,000
Remaining Dollar Amount Authorized For Future Purchases	28,797
Payments of dividends	$ 43,952	$ 40,853	$ 36,836
July 25, 2018
Equity, Class of Treasury Stock [Line Items]
Stock repurchased during period (shares)	496,000
Dollar Amount Purchased in 2019	$ 42,760
Remaining Dollar Amount Authorized For Future Purchases	$ 0
October 24, 2018
Equity, Class of Treasury Stock [Line Items]
Stock repurchased during period (shares)	809,000
Dollar Amount Purchased in 2019	$ 71,203
Remaining Dollar Amount Authorized For Future Purchases	$ 28,797

Fair Value of Financial Instruments Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 46,527	$ 71,793
Pawn loan fees and service charges receivable	46,686	45,430
Total assets	463,491	496,066
Total liabilities	635,000	595,000
Carrying Value \| Revolving unsecured credit facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	335,000	295,000
Carrying Value \| Senior unsecured notes, outstanding principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	300,000	300,000
Carrying Value \| Pawn Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	369,527	362,941
Carrying Value \| Consumer loans, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	751	15,902
Estimate Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	46,527	71,793
Pawn loan fees and service charges receivable	46,686	45,430
Total assets	463,491	496,066
Total liabilities	645,000	588,000
Estimate Value \| Revolving unsecured credit facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	335,000	295,000
Estimate Value \| Senior unsecured notes, outstanding principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	310,000	293,000
Estimate Value \| Pawn Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	369,527	362,941
Estimate Value \| Consumer loans, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	751	15,902
Estimate Value \| Fair Value Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	46,527	71,793
Pawn loan fees and service charges receivable	0	0
Total assets	46,527	71,793
Total liabilities	0	0
Estimate Value \| Fair Value Level 1 \| Revolving unsecured credit facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	0	0
Estimate Value \| Fair Value Level 1 \| Senior unsecured notes, outstanding principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	0	0
Estimate Value \| Fair Value Level 1 \| Pawn Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	0	0
Estimate Value \| Fair Value Level 1 \| Consumer loans, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	0	0
Estimate Value \| Fair Value Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Pawn loan fees and service charges receivable	0	0
Total assets	0	0
Total liabilities	645,000	588,000
Estimate Value \| Fair Value Level 2 \| Revolving unsecured credit facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	335,000	295,000
Estimate Value \| Fair Value Level 2 \| Senior unsecured notes, outstanding principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	310,000	293,000
Estimate Value \| Fair Value Level 2 \| Pawn Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	0	0
Estimate Value \| Fair Value Level 2 \| Consumer loans, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	0	0
Estimate Value \| Fair Value Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Pawn loan fees and service charges receivable	46,686	45,430
Total assets	416,964	424,273
Total liabilities	0	0
Estimate Value \| Fair Value Level 3 \| Revolving unsecured credit facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	0	0
Estimate Value \| Fair Value Level 3 \| Senior unsecured notes, outstanding principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	0	0
Estimate Value \| Fair Value Level 3 \| Pawn Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	369,527	362,941
Estimate Value \| Fair Value Level 3 \| Consumer loans, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	$ 751	$ 15,902

Customer Loans and Valuation Accounts - Schedule of Customer Loans (Details) - Consumer Loan - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]
Total consumer loans	$ 785	$ 16,785
Less allowance for doubtful accounts	(34)	(883)
Consumer loan, net	$ 751	$ 15,902

Customer Loans and Valuation Accounts - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Consumer Loan
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	$ 883	$ 1,815	$ 2,251
Provision for credit losses	2,395	9,405	12,762
Charge-offs, net of recoveries from customers	(3,244)	(10,337)	(13,198)
Balance at end of year	34	883	1,815
CSO loan
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	252	440	582
Provision for credit losses	1,764	8,056	7,057
Charge-offs, net of recoveries from customers	(1,926)	(8,244)	(7,199)
Balance at end of year	$ 90	$ 252	$ 440

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 588,500	$ 462,604
Less: accumulated depreciation	(252,333)	(210,959)
Property and equipment, net	336,167	251,645
Depreciation expense	39,100	36,400	$ 44,500
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	66,198	37,578
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	123,397	76,406
Furniture, fixtures, equipment and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 398,905	$ 348,620

Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Accrued compensation	$ 27,738	$ 28,130
Sales, property, and payroll withholding taxes payable	15,237	12,563
Acquisition purchase price amounts payable to sellers	6,374	12,636
Trade accounts payable	5,871	6,886
Current unfavorable lease intangible liability (1)	0	6,191
Deferred fees from CSO Program	28	4,501
Benefits liabilities and withholding payable	3,353	3,541
Accrued interest payable	1,459	1,534
Liability for expected losses on outstanding guarantees from CSO Program	90	252
Other accrued liabilities	12,248	20,694
Accounts payable and accrued liabilities	$ 72,398	$ 96,928

Long-Term Debt - Schedule of Maturities for Long-term Debt (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Debt Disclosure [Abstract]
2020	$ 0
2021	0
2022	0
2023	0
2024	635,000
Thereafter	0
Total long-term debt	$ 635,000

Long-Term Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term line of credit	$ 335,000
Senior unsecured notes	296,568	$ 295,887
Total long-term debt	631,568	590,887
Debt Issuance Costs, Net	3,400	4,100
Line of Credit
Debt Instrument [Line Items]
Long-term line of credit	335,000	295,000
Senior Notes \| 5.375% senior notes due 2024
Debt Instrument [Line Items]
Senior unsecured notes	$ 296,568	$ 295,887

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Long-Term Debt - Narrative (Details)		12 Months Ended
Long-Term Debt - Narrative (Details)	Dec. 19, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 18, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2019 USD ($)	May 30, 2017 USD ($)
Debt Instrument [Line Items]
Line of credit facility, leverage ratio	4.5		4.0
Line of credit facility, leverage ratio, adjusted domestic EBITDA		4.25
Line of credit facility, consolidation leverage ratio	2.75		3.0
Foreign indebtedness, exclusion amount from leverage ratio		$ 50,000,000
Long-term line of credit		335,000,000.0
Letters of credit outstanding, amount		$ 1,400,000		$ 6,200,000
Total debt ratio threshold		2.25
Loss on extinguishment of debt		$ 0		0	$ 14,114,000
Senior notes 2024
Debt Instrument [Line Items]
Interest rate							5.375%
Face Amount							$ 300,000,000.0
Senior notes 2021
Debt Instrument [Line Items]
Interest rate							6.75%
Face Amount							$ 200,000,000.0
Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 500,000,000.0		$ 425,000,000.0			$ 425,000,000.0
Long-term line of credit		335,000,000		$ 295,000,000
Letters of credit outstanding, amount		3,300,000
Remaining borrowing capacity		$ 161,700,000
Commitment fee percentage		0.50%
Interest rate at period end		4.13%
Repayments of debt		$ 40,000,000.0
Line of Credit \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		2.50%
Line of Credit \| Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
Minimum \| LIBOR
Debt Instrument [Line Items]
Interest rate		0.00%

Income Taxes - Narrative (Details)	12 Months Ended
Income Taxes - Narrative (Details)	Dec. 31, 2019 USD ($) state	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Entity Location [Line Items]
U.S. federal statutory rate			35.00%
Tax Cuts and Jobs Act of 2017, Provisional income tax expense (benefit)	$ 1,500,000
Undistributed earnings of foreign subsidiaries	256,500,000
Valuation allowance	$ 6,012,000	$ 6,430,000
Income tax benefit, percent of likelihood of being realized upon settlement	5000.00%
Unrecognized tax benefits	$ 0	0
Income tax penalties and interest accrued	0	0
Income tax penalties and interest expense	$ 0	0	$ 0
Number of states subject to examination in years prior to 2010 \| state	6
Other Tax Expense (Benefit)	$ 1,100,000	$ 800,000
United States
Entity Location [Line Items]
U.S. federal statutory rate	21.00%	21.00%
Mexico
Entity Location [Line Items]
U.S. federal statutory rate	30.00%
Guatemala
Entity Location [Line Items]
U.S. federal statutory rate	25.00%
EL Salvador
Entity Location [Line Items]
U.S. federal statutory rate	30.00%
COLOMBIA
Entity Location [Line Items]
U.S. federal statutory rate	33.00%
NETHERLANDS
Entity Location [Line Items]
U.S. federal statutory rate	0.00%

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income from continuing operations before income taxes
Domestic	$ 145,570	$ 125,056	$ 93,365
Foreign	79,041	80,253	78,947
Income before income taxes	224,611	205,309	172,312
Current income taxes:
Federal	26,624	18,751	15,995
Foreign	21,904	23,231	23,340
State and local	2,553	2,506	968
Current provision for income taxes	51,081	44,488	40,303
Deferred provision (benefit) for income taxes:
Federal	7,498	7,621	(11,509)
Foreign	863	(566)	(1,079)
State and local	551	560	705
Total deferred provision (benefit) for income taxes	8,912	7,615	(11,883)
Provision for income taxes	59,993	52,103	$ 28,420
Tax on previously deferred earnings of foreign subsidiaries		1,900
Tax Cuts and Jobs Act of 2017, Provisional income tax expense (benefit)	1,500
Other Tax Expense (Benefit)	$ 1,100	800
Tax Cuts And Jobs Act of 2017, deferred tax liability, provisional income tax (expense) benefit		$ 29,200

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Property and equipment	$ 10,407	$ 8,073
Accrued fees on forfeited pawn loans	8,006	7,489
Deferred cost of goods sold deduction	5,721	3,494
Accrued compensation and employee benefits	2,163	1,912
State net operating losses	6,012	6,430
Other	4,428	6,027
Total deferred tax assets	36,737	33,425
Deferred tax liabilities:
Intangible assets	71,814	66,734
Deferred Tax Liabilities, Leasing Arrangements	5,819	0
Property and equipment	0	1,668
Other	2,812	1,807
Total deferred tax liabilities	80,445	70,209
Net deferred tax liabilities before valuation allowance	43,708	36,784
Valuation allowance	(6,012)	(6,430)
Net deferred tax liabilities	(49,720)	(43,214)
Deferred tax assets	11,711	11,640
Deferred tax liabilities	$ (61,431)	$ (54,854)

Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S. federal statutory rate			35.00%
Tax at the U.S. federal statutory rate	$ 47,168	$ 43,115	$ 60,309
State income tax, net of federal tax benefit of $652, $644 and $586, respectively	2,452	2,422	1,087
Federal Income tax provision (benefit) for state income taxes	652	644	586
Net incremental income tax expense (benefit) from foreign earnings (1)	6,314	6,031	(5,442)
Net tax benefit resulting from the enactment of the Tax Act	0	(1,494)	(27,269)
Non-deductible compensation expense	2,074	1,827	0
Other taxes and adjustments, net	1,985	202	(265)
Provision for income taxes	$ 59,993	$ 52,103	$ 28,420
Effective tax rate	26.70%	25.40%	16.50%
Foreign inflation index adjustment	$ 2,300	$ 3,300	$ 4,000

Commitments and Contingencies - Narrative (Details) $ in Millions	Dec. 31, 2019 USD ($) oz $ / oz	Dec. 31, 2018 USD ($)
Guarantor Obligations [Line Items]
Maximum loss exposure under outstanding letters of credit \| $	$ 1.4	$ 6.2
Forward Contracts \| Gold, Ounces
Guarantor Obligations [Line Items]
Investment contract weight \| oz	30,500
Derivative, average forward price \| $ / oz	1,440
Minimum
Guarantor Obligations [Line Items]
Operating leases term	3 years
Maximum
Guarantor Obligations [Line Items]
Operating leases term	5 years

Goodwill and Other Intangible Assets - Goodwill Roll-forward (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Balance, beginning of year	$ 917,419,000	$ 831,145,000
Merger and other acquisitions	27,306,000	86,968,000
Effect of foreign currency translation	5,175,000	(694,000)
Other adjustments	(1,257,000)
Balance, end of year	948,643,000	917,419,000
Goodwill impairment	0	0
United States
Goodwill [Line Items]
Balance, beginning of year	759,538,000	743,997,000
Merger and other acquisitions	11,773,000	15,541,000
Effect of foreign currency translation	0	0
Other adjustments	0
Balance, end of year	771,311,000	759,538,000
Latin America Operations
Goodwill [Line Items]
Balance, beginning of year	157,881,000	87,148,000
Merger and other acquisitions	15,533,000	71,427,000
Effect of foreign currency translation	5,175,000	(694,000)
Other adjustments	(1,257,000)
Balance, end of year	$ 177,332,000	$ 157,881,000

Goodwill and Other Intangible Assets - Intangible Assets Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 25,899	$ 34,153
Accumulated Amortization	(21,681)	(27,655)
Net Carrying Amount	4,218	6,498
Amortization expenses of intangible assets	2,900	6,600	$ 10,700
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	25,899	25,453
Accumulated Amortization	(21,681)	(18,955)
Net Carrying Amount	$ 4,218	6,498
Weighted average amortization period remaining, in years	1 year 1 month 6 days
Executive non-compete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 0	8,700
Accumulated Amortization	0	(8,700)
Net Carrying Amount	$ 0	$ 0

Goodwill and Other Intangible Assets - Goodwill Future Amortization (Details) - Goodwill $ in Thousands	Dec. 31, 2019 USD ($)
2019	$ 2,368
2020	1,300
2021	299
2022	231
2023	20
Total future amortization	$ 4,218

Goodwill and Other Intangible Assets - Indefinite-Lived Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of intangible assets,indefinite-lived	$ 0	$ 0
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	81,657,000	81,642,000
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	46,300,000	46,300,000
Pawn licenses
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	34,107,000	34,092,000
Other indefinite-lived intangibles
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 1,250,000	$ 1,250,000

Equity Compensation Plans and Share-Based Compensation - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Additional Disclosures [Abstract]
Options and warrants outstanding, intrinsic value	$ 2,900,000
Options and warrants exercisable, intrinsic value	$ 1,700,000
Options and warrants outstanding, weighted average remaining contractual term (years)	1 year 6 months
Options and warrants exercises in period, total intrinsic value	$ 600,000	$ 500,000	$ 300,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Shares issued in period	0
Total compensation cost not yet recognized, nonvested stock options	$ 16,000
Nonvested “restricted” stock
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Total intrinsic value for nonvested common stock awards vested during period	2,100,000	$ 1,600,000	$ 700,000
Total intrinsic value for nonvested common stock awards outstanding	$ 28,800,000
Weighted-average period of recognition (years)	1 year 4 months 24 days
Total compensation cost not yet recognized, nonvested common stock awards	$ 9,800,000
Time Based Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (shares)	19,000	17,000	20,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Vesting period	5 years	5 years	5 years
Stock Options and Warrants \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	10 years
Stock options
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized [Abstract]
Weighted-average period of recognition (years)	6 months
Prior to merger
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant	3,500,000

Equity Compensation Plans and Share-Based Compensation - Restricted Stock Unit Award Activity (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Underlying Shares - Outstanding at beginning of year	254	157	30
Underlying Shares - Outstanding at end of year	357	254	157
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted-Average Exercise Price - Outstanding at beginning of year	$ 59.53	$ 47.36	$ 45.93
Weighted-Average Exercise Price - Outstanding at end of year	$ 69.13	$ 59.53	$ 47.36
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Underlying Shares - Granted	109	102	117
Underlying Shares - Exercised	(10)	(10)	(10)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted-Average Exercise Price - Granted	$ 86.86	$ 72.70	$ 48.25
Weighted-Average Exercise Price - Vested	$ 45.93	$ 45.93	$ 45.93
Vesting period	3 years
Time Based Shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Underlying Shares - Granted	19	17	20
Underlying Shares - Exercised	(15)	(12)	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted-Average Exercise Price - Granted	$ 86.86	$ 72.70	$ 43.55
Weighted-Average Exercise Price - Vested	$ 73.78	$ 43.55	$ 0
Vesting period	5 years	5 years	5 years

Equity Compensation Plans and Share-Based Compensation - Warrants and Options Exercise Prices and Remaining Life (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2019 $ / shares shares
Schedule of Share-based Compensation, Shares Authorized under Stock Options Plans and Warrants, by Exercise Price [Line Items]
Options	70
Weighted-Average Remaining Life (years)	1 year 6 months
Currently Exercisable (shares)	40
Exercise Price, $38.00
Schedule of Share-based Compensation, Shares Authorized under Stock Options Plans and Warrants, by Exercise Price [Line Items]
Exercise Price \| $ / shares	$ 38.00
Options	40
Weighted-Average Remaining Life (years)	1 year 10 months 24 days
Currently Exercisable (shares)	20
Exercise Price, $40.00
Schedule of Share-based Compensation, Shares Authorized under Stock Options Plans and Warrants, by Exercise Price [Line Items]
Exercise Price \| $ / shares	$ 40.00
Options	30
Weighted-Average Remaining Life (years)	1 year
Currently Exercisable (shares)	20

Equity Compensation Plans and Share-Based Compensation - Warranty and Options Activity (Details) - Stock Options and Warrants - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Outstanding [Roll Forward]
Underlying Shares - Outstanding at beginning of year	80	90	103
Underlying Shares - Exercised	(10)	(10)	(13)
Underlying Shares - Outstanding at end of year	70	80	90
Underlying Shares - Exercisable at end of year	40	30	20
Share-based Compensation Arrangement by Share-based Payment Award, Options and Warrants, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted-Average Exercise Price - Outstanding at beginning of year	$ 39.00	$ 39.11	$ 37.34
Weighted-Average Exercise Price - Exercised	40.00	40.00	24.57
Weighted-Average Exercise Price - Outstanding at end of year	38.86	39.00	39.11
Weighted-Average Exercise Price - Exercisable at end of year	$ 39.00	$ 39.33	$ 40.00

Equity Compensation Plans and Share-Based Compensation - Share-based Compensation Allocation of Period Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Gross compensation costs:	$ 8,680	$ 5,786	$ 3,069
Income tax benefits:	(416)	(1,414)	(1,075)
Net compensation expense	8,264	4,372	1,994
Stock options
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Gross compensation costs:	43	74	110
Income tax benefits:	(114)	(94)	(39)
Nonvested “restricted” stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Gross compensation costs:	8,637	5,712	2,959
Income tax benefits:	$ (302)	$ (1,320)	$ (1,036)

Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
Benefit Plans (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Contribution Plan Disclosure [Line Items]
Maximum annual contribution per employee	100.00%
Vesting period for company contributions	5 years
Employer contribution amount	$ 3.1	$ 3.1	$ 4.2
Minimum
Defined Contribution Plan Disclosure [Line Items]
Vesting period until participation in 401(k)	6 months
First Cash
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution	5.00%
Rate of employer match	50.00%

Segment and Geographic Information - Segment Information (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019 USD ($)	Sep. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2019 USD ($) store segment	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Schedule of Revenues from External Customers and Assets [Line Items]
Number of reportable segments \| segment									2
Number of consumer loan stores closed \| store									52
Revenue:
Retail merchandise sales									$ 1,175,561	$ 1,091,614	$ 1,051,099
Pawn loan fees									564,824	525,146	510,905
Wholesale scrap jewelry sales									103,876	107,821	140,842
Consumer loan and credit services fees									20,178	56,277	76,976
Total revenue	$ 498,362	$ 452,459	$ 446,014	$ 467,604	$ 481,208	$ 429,878	$ 419,972	$ 449,800	1,864,439	1,780,858	1,779,822
Cost of revenue:
Cost of retail merchandise sold									745,861	696,666	679,703
Cost of wholesale scrap jewelry sold									96,072	99,964	132,794
Consumer loan and credit services loss provision									4,159	17,461	19,819
Total cost of revenue	231,098	201,480	201,709	211,805	219,208	192,620	191,544	210,719	846,092	814,091	832,316
Net revenue	267,264	250,979	244,305	255,799	262,000	237,258	228,428	239,081	1,018,347	966,767	947,506
Expenses and other income:
Store operating expenses									595,539	563,321	552,191
Administrative expenses									122,334	120,042	122,473
Depreciation and amortization									41,904	42,961	55,233
Interest expense									34,035	29,173	24,035
Interest income									(1,055)	(2,444)	(1,597)
Merger and other acquisition expenses									1,766	7,643	9,062
(Gain) loss on foreign exchange									(787)	762	(317)
Loss on extinguishment of debt									0	0	14,114
Total expenses and other income	195,746	$ 202,015	$ 199,019	$ 196,956	198,824	$ 193,175	$ 186,157	$ 183,302	793,736	761,458	775,194
Income before income taxes									224,611	205,309	172,312
Pawn loans	369,527				362,941				369,527	362,941	344,748
Consumer loans, net	751				15,902				751	15,902	23,522
Inventories	265,256				275,130				265,256	275,130	276,771
Goodwill	948,643				917,419				948,643	917,419	831,145
Total assets	2,439,440				2,107,974				2,439,440	2,107,974	2,062,784
U.S. Operations
Revenue:
Retail merchandise sales									722,127	709,594	717,490
Pawn loan fees									379,395	373,406	380,596
Wholesale scrap jewelry sales									71,813	85,718	119,197
Consumer loan and credit services fees									20,178	55,417	75,209
Total revenue									1,193,513	1,224,135	1,292,492
Cost of revenue:
Cost of retail merchandise sold									447,911	450,516	468,527
Cost of wholesale scrap jewelry sold									65,941	78,308	112,467
Consumer loan and credit services loss provision									4,159	17,223	19,431
Total cost of revenue									518,011	546,047	600,425
Net revenue									675,502	678,088	692,067
Expenses and other income:
Store operating expenses									412,508	414,097	423,214
Administrative expenses									0	0	0
Depreciation and amortization									20,860	21,021	24,073
Interest expense									0	0	0
Interest income									0	0	0
Merger and other acquisition expenses									0	0	0
(Gain) loss on foreign exchange									0	0	0
Loss on extinguishment of debt											0
Total expenses and other income									433,368	435,118	447,287
Income before income taxes									242,134	242,970	244,780
Pawn loans	268,793				271,584				268,793	271,584	276,570
Consumer loans, net	751				15,902				751	15,902	23,179
Inventories	181,320				199,978				181,320	199,978	216,739
Goodwill	771,311				759,538				771,311	759,538
Total assets	1,767,504				1,534,542				1,767,504	1,534,542	1,527,012
Latin America Operations
Revenue:
Retail merchandise sales									453,434	382,020	333,609
Pawn loan fees									185,429	151,740	130,309
Wholesale scrap jewelry sales									32,063	22,103	21,645
Consumer loan and credit services fees									0	860	1,767
Total revenue									670,926	556,723	487,330
Cost of revenue:
Cost of retail merchandise sold									297,950	246,150	211,176
Cost of wholesale scrap jewelry sold									30,131	21,656	20,327
Consumer loan and credit services loss provision									0	238	388
Total cost of revenue									328,081	268,044	231,891
Net revenue									342,845	288,679	255,439
Expenses and other income:
Store operating expenses									183,031	149,224	128,977
Administrative expenses									0	0	0
Depreciation and amortization									14,626	11,333	10,311
Interest expense									0	0	0
Interest income									0	0	0
Merger and other acquisition expenses									0	0	0
(Gain) loss on foreign exchange									0	0	0
Loss on extinguishment of debt											0
Total expenses and other income									197,657	160,557	139,288
Income before income taxes									145,188	128,122	116,151
Pawn loans	100,734				91,357				100,734	91,357	68,178
Consumer loans, net	0				0				0	0	343
Inventories	83,936				75,152				83,936	75,152	60,032
Goodwill	177,332				157,881				177,332	157,881
Total assets	574,059				407,282				574,059	407,282	282,605
Corporate
Revenue:
Retail merchandise sales									0	0	0
Pawn loan fees									0	0	0
Wholesale scrap jewelry sales									0	0	0
Consumer loan and credit services fees									0	0	0
Total revenue									0	0	0
Cost of revenue:
Cost of retail merchandise sold									0	0	0
Cost of wholesale scrap jewelry sold									0	0	0
Consumer loan and credit services loss provision									0	0	0
Total cost of revenue									0	0	0
Net revenue									0	0	0
Expenses and other income:
Store operating expenses									0	0	0
Administrative expenses									122,334	120,042	122,473
Depreciation and amortization									6,418	10,607	20,849
Interest expense									34,035	29,173	24,035
Interest income									(1,055)	(2,444)	(1,597)
Merger and other acquisition expenses									1,766	7,643	9,062
(Gain) loss on foreign exchange									(787)	762	(317)
Loss on extinguishment of debt											14,114
Total expenses and other income									162,711	165,783	188,619
Income before income taxes									(162,711)	(165,783)	(188,619)
Pawn loans	0				0				0	0	0
Consumer loans, net	0				0				0	0	0
Inventories	0				0				0	0	0
Goodwill	0				0				0	0	0
Total assets	$ 97,877				$ 166,150				$ 97,877	$ 166,150	$ 253,167

Segment and Geographic Information - Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 498,362	$ 452,459	$ 446,014	$ 467,604	$ 481,208	$ 429,878	$ 419,972	$ 449,800	$ 1,864,439	$ 1,780,858	$ 1,779,822
Long-Lived Assets	347,673				300,883				347,673	300,883	284,386
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									1,193,513	1,224,135	1,292,492
Long-Lived Assets	254,395				226,358				254,395	226,358	227,659
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									641,505	531,744	464,161
Long-Lived Assets	80,385				65,260				80,385	65,260	53,175
Other Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									29,421	24,979	23,169
Long-Lived Assets	$ 12,893				$ 9,265				$ 12,893	$ 9,265	$ 3,552

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Total revenue	$ 498,362	$ 452,459	$ 446,014	$ 467,604	$ 481,208	$ 429,878	$ 419,972	$ 449,800	$ 1,864,439	$ 1,780,858	$ 1,779,822
Total cost of revenue	231,098	201,480	201,709	211,805	219,208	192,620	191,544	210,719	846,092	814,091	832,316
Net revenue	267,264	250,979	244,305	255,799	262,000	237,258	228,428	239,081	1,018,347	966,767	947,506
Total expenses and other income	195,746	202,015	199,019	196,956	198,824	193,175	186,157	183,302	793,736	761,458	775,194
Net income	$ 54,154	$ 34,761	$ 33,048	$ 42,655	$ 48,075	$ 33,325	$ 30,171	$ 41,635	$ 164,618	$ 153,206	$ 143,892
Diluted income per share:
Net income per diluted share (in dollars per share)	$ 1.27	$ 0.81	$ 0.76	$ 0.98	$ 1.09	$ 0.76	$ 0.67	$ 0.90	$ 3.81	$ 3.41	$ 3.00
Diluted weighted-average shares	42,760	43,167	43,256	43,658	43,936	44,116	45,043	46,479	43,208	44,884	47,888

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Common stock, dividends, declared (in dollars per share)	$ 1.020	$ 0.910	$ 0.770

Organization and Nature of the Company	12 Months Ended
Organization and Nature of the Company	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of the Company	ORGANIZATION AND NATURE OF THE COMPANY FirstCash, Inc., (together with its wholly-owned subsidiaries, the “Company”) is incorporated in the state of Delaware. The Company is engaged primarily in the operation of pawn stores, which lend money on the collateral of pledged personal property and retail previously owned merchandise acquired through pawn loan forfeitures and purchases directly from the general public. As of December 31, 2019, the Company owned and operated 2,679 stores in 24 U.S. states and the District of Columbia, all 32 states in Mexico and the countries of Guatemala, El Salvador and Colombia. On September 1, 2016, the Company completed its merger with Cash America International, Inc. (“Cash America”), whereby Cash America merged with and into a wholly owned subsidiary of the Company.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Litigation The Company, in the ordinary course of business, is a defendant (actual or threatened) in certain lawsuits, arbitration claims and other general claims. In management’s opinion, any potential adverse result should not have a material adverse effect on the Company’s financial position, results of operations, or cash flows. Guarantees The Company offers a fee-based CSO Program to assist consumers in obtaining extensions of credit from an Independent Lender. Under the CSO Program, the Company assists customers in applying for a short-term extension of credit from an Independent Lender and issues the Independent Lender a guarantee for the repayment of the extension of credit. The Company is required to recognize, at the inception of the guarantee, a liability for the estimated fair value of the obligation undertaken by issuing the guarantees. The Company records the estimated fair value of the liability in accrued liabilities. The Company’s maximum loss exposure under all of the outstanding guarantees issued on behalf of its customers to the Independent Lender as of December 31, 2019 was $1.4 million compared to $6.2 million at December 31, 2018. Gold Forward Sales Contracts As of December 31, 2019, the Company had contractual commitments to deliver a total of 30,500 gold ounces between the months of January and December 2020 at a weighted-average price of $1,440 per ounce. The ounces required to be delivered over this time period are within historical scrap gold volumes.

Benefit Plans	12 Months Ended
Benefit Plans	Dec. 31, 2019
Retirement Benefits [Abstract]
Benefit Plans	BENEFIT PLANS The Company’s 401(k) savings plan (the “Plan”) is available to all full-time, U.S.-based employees who have been employed with the Company for six months or longer. Under the Plan, a participant may contribute up to 100% of earnings, with the Company matching the first 5% of contributions at a rate of 50%. The employee and Company contributions are paid to a corporate trustee and invested in various funds based on participant direction. Company contributions made to participants’ accounts become fully vested upon completion of five years of service. The total Company matching contributions to the Plan were $3.1 million, $3.1 million and $4.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Organization and Nature of the Company (Details)	Dec. 31, 2019 state store
Organization and Nature of the Company [Line Items]
Number of stores \| store	2,679
United States
Organization and Nature of the Company [Line Items]
Number of states in which entity operates	24
Latin America Operations
Organization and Nature of the Company [Line Items]
Number of states in which entity operates	32

Operating Leases - Lease Cost (Details) $ in Thousands	12 Months Ended
Operating Leases - Lease Cost (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Leases [Abstract]
Operating lease expense	$ 124,082
Variable lease expense	7,775
Total operating lease expense	131,857
Amortization related to favorable/unfavorable lease intangible	$ 800