Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 92

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 8
Chunk 92
---
NoncurrentOperatingLease liabilities16,144 18,582 Total Lease liabilities$22,642 $25,050 (1) Operating right-of-use assets are recorded net of accumulated amortization of $15.1 million and $14.5 million as of June 30, 2025 and December 31, 2024, respectively.Operating lease cost for the three and six months ended June 30, 2025 and 2024, was as follows (in thousands):Three Months Ended June 30,Six Months Ended June 30,Lease Cost2025202420252024Operating lease cost (2)$1,747 $1,722 $3,493 $3,524 (2) Operating lease cost is included in other selling, general and administrative expenses in the condensed consolidated statements of income and comprehensive income for the three and six months ended June 30, 2025 and 2024.As of June 30, 2025 and December 31, 2024, the Company’s weighted-average remaining lease terms on its operating leases is 6.5 and 6.6 years, and the Company’s weighted-average discount rate is 6.35% and 6.31%, respectively, which is the Company’s incremental borrowing rate. The Company used its incremental borrowing rate for all leases, as none of the Company’s lease agreements provide a readily determinable implicit rate. Lease PaymentsFuture minimum lease payments for assets under non-cancelable operating lease agreements with original terms of more than one year are as follows (in thousands):2025$3,618 20266,023 20274,379 20283,024 20292,311 Thereafter9,807 Total lease payments29,162 Less: Imputed interest(6,520)Present value of lease liabilities$22,642 

16

NOTE 8 – WIRE TRANSFERS AND MONEY ORDERS PAYABLE, NET

Wire transfers and money orders payable, net consisted of the following (in thousands):June 30, 2025December 31, 2024Wire transfers payable, net$77,746 $22,437 Customer voided wires payable35,034 32,583 Money orders payable31,416 30,024 $144,196 $85,044 Customer voided wires payable consist primarily of wire transfers that were not completed because the recipient did not collect the funds within 30