Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 83

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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Variable lease expense (1)4,913 5,007 9,717 10,028 Total operating lease expense$41,501 $42,560 $80,934 $84,500 (1)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 June 30, 2025 (in thousands):Six months ending December 31, 2025$64,679 2026113,917 202786,104 202862,821 202937,494 Thereafter35,870 Total$400,885 Less amount of lease payments representing interest(62,842)Total present value of lease payments$338,043 The following table details supplemental cash flow information related to operating leases for the six months ended June 30, 2025 and 2024 (in thousands):Six Months EndedJune 30,20252024Cash paid for amounts included in the measurement of operating lease liabilities$64,927 $67,055 Leased assets obtained in exchange for new operating lease liabilities$61,208 $65,019 

11

Note 5 - 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 MeasurementsThe Company did not have any financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2025, June 30, 2024 and December 31, 2024. Fair Value Measurements on a Non-Recurring BasisThe Company measures non-financial assets and liabilities, such as property and equipment and intangible assets, at fair value on a