Company: FCFS
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000840489-25-000120
Chunk: 87

Company: FirstCash Holdings, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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, related to the remeasurement of these U.S. dollar-denominated operating leases, which is included in (gain) loss on foreign exchange in the accompanying consolidated statements of income. During the nine months ended September 30, 2025 and 2024, the Company recognized a foreign currency gain of $2.1 million and a loss of $3.0 million, respectively, related to these U.S. dollar denominated leases.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 nine months ended September 30, 2025 and 2024 (in thousands):Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Operating lease expense$38,208 $36,288 $109,425 $110,760 Variable lease expense (1)5,066 4,917 14,783 14,945 Total operating lease expense$43,274 $41,205 $124,208 $125,705 (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 September 30, 2025 (in thousands):Three months ending December 31, 2025$35,572 2026128,573 202798,473 202873,408 202946,270 Thereafter45,844 Total$428,140 Less amount of lease payments representing interest(61,803)Total present value of lease payments$366,337 The following table details supplemental cash flow information related to operating leases for the nine months ended September 30, 2025 and 2024 (in thousands):Nine Months EndedSeptember 30,20252024Cash paid for amounts included in the measurement of operating lease liabilities$99,350 $99,910 Leased assets obtained in exchange for new operating lease liabilities$85,718 $104,584 

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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