Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 68

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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$20,113 31 to 60 days past due1,950 7,526 704 10,180 61 to 89 days past due (1)453 7,584 697 8,734 Total past due finance receivables8,618 27,704 2,705 39,027 Current finance receivables66,804 87,360 8,482 162,646 Finance receivables, amortized cost$75,422 $115,064 $11,187 $201,673 (1)The Company charges off finance receivables when a receivable is 90 days or more contractually past due.The following table details the gross charge-offs of finance receivables for the three months ended March 31, 2025 and 2024, by origination year (in thousands):Origination Year2025202420232022TotalFinance receivables gross charge-offs:Gross charge-offs during the three months ended March 31, 2025$123 $34,410 $3,886 $— $38,419 Gross charge-offs during the three months ended March 31, 2024— 131 29,270 3,878 33,279 

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Note 6 - Leased Merchandise, Net 

Leased merchandise, net consists of the following (in thousands):As of March 31,As ofDecember 31,202520242024Leased merchandise$271,535 $369,298 $319,444 Processing fees(2,276)(4,022)(2,960)Merchant partner discounts and premiums, net6 2,203 493 Accumulated depreciation(96,868)(114,431)(108,283)Leased merchandise, before allowance for lease losses172,397 253,048 208,694 Less allowance for lease losses(68,785)(95,263)(80,257)Leased merchandise, net$103,612 $157,785 $128,437 The following table details the changes in the allowance for lease losses (in thousands):Three Months EndedMarch 31, 20252024Balance at beginning of period$80,257 $95,127 Provision for lease losses27,562 43,010 Charge-offs(41,374)(44,877)Recoveries2,340 2,