CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Revenue: |
|
|
| Retail merchandise sales |
$ 269,841
|
$ 259,994
|
| Pawn loan fees |
129,793
|
128,251
|
| Wholesale scrap jewelry sales |
34,725
|
38,111
|
| Consumer loan and credit services fees |
15,441
|
21,220
|
| Total revenue |
449,800
|
447,576
|
| Cost of revenue: |
|
|
| Cost of retail merchandise sold |
174,497
|
165,635
|
| Cost of wholesale scrap jewelry sold |
32,495
|
34,949
|
| Consumer loan and credit services loss provision |
3,727
|
4,092
|
| Total cost of revenue |
210,719
|
204,676
|
| Net revenue |
239,081
|
242,900
|
| Expenses and other income: |
|
|
| Store operating expenses |
138,561
|
136,744
|
| Administrative expenses |
28,002
|
33,238
|
| Depreciation and amortization |
11,283
|
14,243
|
| Interest expense |
6,198
|
6,113
|
| Interest income |
(981)
|
(327)
|
| Merger and other acquisition expenses |
239
|
647
|
| Total expenses and other income |
183,302
|
190,658
|
| Income (loss) before income taxes |
55,779
|
52,242
|
| Provision for income taxes |
14,144
|
19,597
|
| Net income |
$ 41,635
|
$ 32,645
|
| Net income per share: |
|
|
| Basic (in dollars per share) |
$ 0.90
|
$ 0.67
|
| Diluted (in dollars per share) |
0.90
|
0.67
|
| Dividends declared per common share (in dollars per share) |
$ 0.22
|
$ 0.19
|