Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 80

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):Three Months EndedSix Months EndedJune 30,June 30, 2025202420252024Numerator:    Net income$59,805 $49,073 $143,396 $110,441 Denominator:    Weighted-average common shares for calculating basic earnings per share44,365 45,122 44,506 45,183 Effect of dilutive securities:    Restricted stock unit awards187 167 164 155 Weighted-average common shares for calculating diluted earnings per share44,552 45,289 44,670 45,338 Earnings per share:    Basic$1.35 $1.09 $3.22 $2.44 Diluted$1.34 $1.08 $3.21 $2.44 

Note 3 - Acquisitions 

Pending H&T Acquisition

On May 14, 2025, the Company agreed on final terms of the acquisition of H&T, the leading pawn operator in the United Kingdom with 285 store locations. The Company will acquire the entire issued and to be issued share capital of H&T by means of a court-sanctioned scheme of arrangement under Part 26 of the United Kingdom Companies Act 2006, as amended (“H&T Acquisition”). Under the terms of the H&T Acquisition, H&T shareholders will be entitled to receive 650 pence per share in cash. The total equity value for the H&T Acquisition, including cash consideration for the shares, is approximately £291.4 million ($396.3 million USD using GBP/USD exchange rate of 1.36) and H&T had outstanding indebtedness of approximately £72.6 million as of June 30, 2025 ($98.7 million USD using GBP/USD exchange rate of 1.36), which the Company expects will remain outstanding following the closing of the acquisition. 

On July 2, 2025, the H&T shareholders approved the H&T Acquisition, which is expected to be consummated in the third quarter of 2025, subject to the satisfaction of the remaining closing conditions, including, but not limited to, receipt of the required approvals by the FCA.

U.S. Pawn Acquisitions

Consistent with the Company’s strategy to continue its expansion of pawn stores in strategic markets,