Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 22

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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) loss on foreign exchange in the accompanying consolidated statements of income. During the six months ended June 30, 2025 and 2024, the Company recognized a foreign currency gain of $1.5 million and a loss of $1.6 million, respectively, related to these U.S. dollar denominated leases.

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Lease expense is recognized on a straight-line basis over the lease term, with variable lease expense recognized in the period such payments are incurred. The following table details the components of lease expense included in operating expenses in the consolidated statements of income during the three and six months ended June 30, 2025 and 2024 (in thousands):Three Months EndedSix Months EndedJune 30,June 30,2025202420252024Operating lease expense$36,588 $37,553 $71,217 $74,472 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 

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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