2022 Q1 Form 10-K Financial Statement

#000010838522000022 Filed on May 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q4
Revenue $166.3M $582.4M $148.6M
YoY Change 13.71% 10.82% 13.46%
Cost Of Revenue $11.04M $33.42M $10.17M
YoY Change 59.14% 30.06% 39.26%
Gross Profit $155.3M $549.0M $138.4M
YoY Change 11.44% 9.83% 11.98%
Gross Profit Margin 93.36% 94.26% 93.16%
Selling, General & Admin $73.33M $292.2M $72.95M
YoY Change -3.49% -1.53% -4.64%
% of Gross Profit 47.22% 53.22% 52.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.500M $6.300M $2.947M
YoY Change 251.03% -3.08% -42.21%
% of Gross Profit 1.61% 1.15% 2.13%
Operating Expenses $132.0M $483.4M $130.7M
YoY Change 59.0% 24.45% 22.48%
Operating Profit $23.24M $65.58M $7.718M
YoY Change -58.72% -41.13% -54.33%
Interest Expense $11.04M $33.42M $10.17M
YoY Change 59.14% 30.06% 39.16%
% of Operating Profit 47.52% 50.97% 131.72%
Other Income/Expense, Net
YoY Change
Pretax Income $23.24M $65.58M $7.718M
YoY Change -58.72% -41.13% -54.36%
Income Tax $4.857M $11.66M $391.0K
% Of Pretax Income 20.9% 17.78% 5.07%
Net Earnings $18.38M $53.92M $7.327M
YoY Change -59.05% -38.92% -49.44%
Net Earnings / Revenue 11.05% 9.26% 4.93%
Basic Earnings Per Share $3.10 $8.88 $1.20
Diluted Earnings Per Share $2.97 $8.47 $1.14
COMMON SHARES
Basic Shares Outstanding 6.546M shares 6.072M shares 6.119M shares
Diluted Shares Outstanding 6.364M shares 6.404M shares

Balance Sheet

Concept 2022 Q1 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.24M $19.24M $18.67M
YoY Change 22.16% 22.16% 92.45%
Cash & Equivalents $19.24M $19.24M $18.67M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $19.24M $19.24M $18.67M
YoY Change 22.16% 22.16% 92.45%
LONG-TERM ASSETS
Property, Plant & Equipment $24.48M $110.7M $24.53M
YoY Change -3.36% -4.88% -7.02%
Goodwill $7.371M $7.371M
YoY Change 0.0% 0.0%
Intangibles $19.76M $21.03M
YoY Change -16.07% -15.51%
Long-Term Investments
YoY Change
Other Assets $39.80M $39.80M $34.81M
YoY Change 52.28% 52.28% 25.66%
Total Long-Term Assets $1.199B $1.199B $1.252B
YoY Change 27.76% 27.76% 22.18%
TOTAL ASSETS
Total Short-Term Assets $19.24M $19.24M $18.67M
Total Long-Term Assets $1.199B $1.199B $1.252B
Total Assets $1.218B $1.218B $1.270B
YoY Change 27.67% 27.67% 22.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.04M $58.04M $51.07M
YoY Change 41.43% 41.43% 26.72%
Accrued Expenses $87.40M $87.40M $87.68M
YoY Change -4.71% -4.71% -7.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $152.8M $152.8M $140.3M
YoY Change 5.88% 5.88% 3.49%
LONG-TERM LIABILITIES
Long-Term Debt $692.4M $692.4M $720.5M
YoY Change 70.97% 70.97% 33.52%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $692.4M $692.4M $720.5M
YoY Change 70.97% 70.97% 33.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $152.8M $152.8M $140.3M
Total Long-Term Liabilities $692.4M $692.4M $720.5M
Total Liabilities $845.3M $845.3M $860.8M
YoY Change 53.87% 53.87% 27.49%
SHAREHOLDERS EQUITY
Retained Earnings $92.12M $134.4M
YoY Change -38.32% 13.86%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $373.0M $373.0M $409.4M
YoY Change
Total Liabilities & Shareholders Equity $1.218B $1.218B $1.270B
YoY Change 27.67% 27.67% 22.84%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $18.38M $53.92M $7.327M
YoY Change -59.05% -38.92% -49.44%
Depreciation, Depletion And Amortization $2.500M $6.300M $2.947M
YoY Change 251.03% -3.08% -42.21%
Cash From Operating Activities $110.4M $281.5M $60.46M
YoY Change 28.02% 29.56% 18.32%
INVESTING ACTIVITIES
Capital Expenditures -$1.592M $6.070M -$1.096M
YoY Change -42.03% -48.04% -85.59%
Acquisitions
YoY Change
Other Investing Activities -$20.41M -$453.6M -$185.7M
YoY Change -133.05% 709.29% 37.84%
Cash From Investing Activities -$22.00M -$460.9M -$186.8M
YoY Change -137.29% 537.52% 31.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $111.1M
YoY Change 8.48%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -87.86M $182.9M 128.1M
YoY Change -36.9% -229.9% 47.4%
NET CHANGE
Cash From Operating Activities 110.4M $281.5M 60.46M
Cash From Investing Activities -22.00M -$460.9M -186.8M
Cash From Financing Activities -87.86M $182.9M 128.1M
Net Change In Cash 568.7K $3.490M 1.781M
YoY Change -90.57% -15.45% -141.43%
FREE CASH FLOW
Cash From Operating Activities $110.4M $281.5M $60.46M
Capital Expenditures -$1.592M $6.070M -$1.096M
Free Cash Flow $112.0M $275.4M $61.56M
YoY Change 25.86% 33.97% 4.87%

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CY2022 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
38633 USD
CY2021 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
37579 USD
CY2020 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
251263 USD
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5010275 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5474240 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5010626 USD
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
3930753 USD
CY2021 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1736384 USD
CY2020 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
868192 USD
CY2022 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-16911599 USD
CY2021 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-17101722 USD
CY2020 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-23057541 USD
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1095325 USD
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
659292 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
517499 USD
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
186207341 USD
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
86244714 USD
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
181730182 USD
CY2022 us-gaap Depreciation
Depreciation
6253175 USD
CY2021 us-gaap Depreciation
Depreciation
6537957 USD
CY2020 us-gaap Depreciation
Depreciation
6800263 USD
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
407624 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
407624 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
347703 USD
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-419975 USD
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-2812404 USD
CY2020 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-339259 USD
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-14808715 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5651362 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
572914 USD
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
17582995 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
19281278 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
28952161 USD
CY2022 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
0 USD
CY2021 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
24667 USD
CY2020 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
0 USD
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8193529 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4234933 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8959922 USD
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-4191692 USD
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
6610559 USD
CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-6584895 USD
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
17001850 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18258393 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
19917429 USD
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
281478561 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
217255053 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
280977693 USD
CY2022 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
445343593 USD
CY2021 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
46445094 USD
CY2020 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
206539808 USD
CY2022 wrld Net Assets Acquired From Acquisition Primarily Loans
NetAssetsAcquiredFromAcquisitionPrimarilyLoans
9631112 USD
CY2020 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
0 USD
CY2021 wrld Net Assets Acquired From Acquisition Primarily Loans
NetAssetsAcquiredFromAcquisitionPrimarilyLoans
15210973 USD
CY2020 wrld Net Assets Acquired From Acquisition Primarily Loans
NetAssetsAcquiredFromAcquisitionPrimarilyLoans
47100694 USD
CY2022 wrld Net Assets Acquired From Acquisition Intangibles
NetAssetsAcquiredFromAcquisitionIntangibles
1228872 USD
CY2021 wrld Net Assets Acquired From Acquisition Intangibles
NetAssetsAcquiredFromAcquisitionIntangibles
4563279 USD
CY2020 wrld Net Assets Acquired From Acquisition Intangibles
NetAssetsAcquiredFromAcquisitionIntangibles
14455279 USD
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6070414 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11683858 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11277779 USD
CY2022 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
245935 USD
CY2021 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
346943 USD
CY2020 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
284869 USD
CY2022 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
1104895 USD
CY2021 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
2810391 USD
CY2020 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
0 USD
CY2022 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
0 USD
CY2021 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
449327 USD
CY2022 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
CY2021 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1997279 USD
CY2020 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-460923161 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-72299264 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-279088691 USD
CY2022 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
515315246 USD
CY2021 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
310984250 USD
CY2020 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
540691400 USD
CY2022 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
523350000 USD
CY2021 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
357076750 USD
CY2020 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
341531400 USD
CY2022 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
300000000 USD
CY2021 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 USD
CY2020 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 USD
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5119647 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2022 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
0 USD
CY2021 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
784250 USD
CY2020 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
991400 USD
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12805646 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12268554 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4612926 USD
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5072230 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3173735 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4476159 USD
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
111139261 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
102452302 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
197399964 USD
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
505286 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
594024 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
510916 USD
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
182934468 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-140828257 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
394487 USD
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3489868 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4127532 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2283489 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15746454 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11618922 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9335433 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19236322 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15746454 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11618922 USD
CY2022 us-gaap Interest Paid Net
InterestPaidNet
21318911 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
24993898 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
23942122 USD
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
30941852 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
14857555 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
15711692 USD
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates in the Preparation of Consolidated Financial Statements</span></div><div style="padding-left:22.5pt"><span><br/></span></div><div style="padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The most significant item subject to such estimates and assumptions that could materially change in the near term is the allowance for credit losses.</span></div>
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification</span></div><div style="padding-left:22.5pt;text-align:justify"><span><br/></span></div><div style="padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current presentation. Such reclassifications had no impact on previously reported net income or shareholders' equity.</span></div>
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segments
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7800000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7000000 USD
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1522788860 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1104746261 USD
CY2022Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
6900000 USD
CY2021Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
5100000 USD
CY2022Q1 wrld Bankrupt Accounts That Had Not Been Charged Off
BankruptAccountsThatHadNotBeenChargedOff
5400000 USD
CY2021Q1 wrld Bankrupt Accounts That Had Not Been Charged Off
BankruptAccountsThatHadNotBeenChargedOff
3200000 USD
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000 USD
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
15400000 USD
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
90000000 USD
CY2022Q1 us-gaap Line Of Credit
LineOfCredit
697000000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
373000000 USD
CY2022Q1 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
1.9
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="padding-left:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Risk</span></div><div style="padding-left:22.5pt"><span><br/></span></div><div style="padding-left:22.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company generally serves individuals with limited access to other sources of consumer credit such as banks, credit unions, other consumer finance businesses and credit card lenders. During the year ended March 31, 2022, the Company operated in sixteen states in the United States. For fiscal years ended March 31, 2022, 2021, and 2020, gross loan receivable within the Company's four largest states accounted for approximately 53% of the Company's gross loans receivable balance.</span></div>The Company maintains amounts in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced losses in such accounts, which are maintained with large domestic banks. Management believes the Company’s exposure to credit risk is minimal for these accounts.
CY2022Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
16 states
CY2022Q1 wrld Number Of States With Largest Concentration Of Revenue
NumberOfStatesWithLargestConcentrationOfRevenue
4 states
CY2022 us-gaap Advertising Expense
AdvertisingExpense
18300000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
17200000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
24300000 USD
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1522788860 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1104746261 USD
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1522788860 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1104746261 USD
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1522788860 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1104746261 USD
CY2022Q1 wrld Uncollected Accrued Interest Reversed
UncollectedAccruedInterestReversed
10300000 USD
CY2022 wrld Uncollected Accrued Interest Reversed
UncollectedAccruedInterestReversed
30600000 USD
CY2021 wrld Uncollected Accrued Interest Reversed
UncollectedAccruedInterestReversed
22400000 USD
CY2022Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
105649311 USD
CY2022Q1 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
0 USD
CY2022 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
12657746 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
61731356 USD
CY2021Q1 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
0 USD
CY2021 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
14690456 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
91722288 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
96487856 USD
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
81519624 USD
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
186207341 USD
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
86244714 USD
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
181730182 USD
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
164747550 USD
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
141270125 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
183439199 USD
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
21060785 USD
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
21631475 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
16677249 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
134242862 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
91722288 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
96487856 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
74851255 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
70872398 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
50375024 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
45546262 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24476231 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25326136 USD
CY2022 us-gaap Depreciation
Depreciation
6300000 USD
CY2021 us-gaap Depreciation
Depreciation
6500000 USD
CY2020 us-gaap Depreciation
Depreciation
6800000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
66258763 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
46502649 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
19756114 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
65029892 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
41492375 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23537517 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4500000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4200000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3800000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3200000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2700000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1400000 USD
CY2021Q1 us-gaap Goodwill Gross
GoodwillGross
7450422 USD
CY2020Q1 us-gaap Goodwill Gross
GoodwillGross
7450422 USD
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CY2021Q1 us-gaap Goodwill
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CY2020Q1 us-gaap Goodwill
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CY2021 us-gaap Goodwill Acquired During Period
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CY2022 us-gaap Goodwill Impairment Loss
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CY2021 us-gaap Goodwill Impairment Loss
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CY2021Q1 us-gaap Goodwill Gross
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CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2021Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
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CY2021 us-gaap Debt Instrument Unused Borrowing Capacity Fee
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0 USD
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CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2021 us-gaap Noninterest Income
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6400000 USD
CY2021Q1 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
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CY2021 wrld Non File Insurance Premiums Written
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CY2021 us-gaap Lease Cost
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CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
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CY2021Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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CY2022Q1 us-gaap Deferred Tax Assets Gross
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CY2021Q1 us-gaap Deferred Tax Assets Net
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CY2022Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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CY2021Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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CY2022Q1 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
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CY2021Q1 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
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CY2022Q1 us-gaap Deferred Tax Liabilities Prepaid Expenses
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24992742 USD
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3800000 USD
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3800000 USD
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3300000 USD
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7700000 USD
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200000 USD
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2200000 USD
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3100000 USD
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2600000 USD
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5200000 USD
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0 USD
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1811244 USD
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1300000 USD
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600000 USD
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1200000 USD
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1400000 USD
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200000 USD
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300000 USD
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53919837 USD
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6072170 shares
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8.88
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291896 shares
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53919837 USD
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6364066 shares
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8.47
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88282828 USD
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6493898 shares
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13.59
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178212 shares
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88282828 USD
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6672110 shares
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13.23
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28157478 USD
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7688242 shares
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3.66
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264658 shares
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28157478 USD
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7952900 shares
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3.54
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412015 shares
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656347 shares
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0.50
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0.06
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0.03
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1800000 USD
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1600000 USD
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1600000 USD
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0.035
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105660 shares
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1
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99.14
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58.48
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57.69
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0
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0
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0
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0.5782
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0.5753
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0.5228
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0.0102
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0.0059
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0.0158
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P6Y
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y3M18D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y3M18D
CY2022Q1 wrld Number Of Offices Purchased
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0 office
CY2021Q1 wrld Number Of Offices Purchased
NumberOfOfficesPurchased
0 office
CY2020Q1 wrld Number Of Offices Purchased
NumberOfOfficesPurchased
38 office
CY2022Q1 wrld Number Of Offices Purchased And Merged Into Existing Offices
NumberOfOfficesPurchasedAndMergedIntoExistingOffices
50 office
CY2021Q1 wrld Number Of Offices Purchased And Merged Into Existing Offices
NumberOfOfficesPurchasedAndMergedIntoExistingOffices
50 office
CY2020Q1 wrld Number Of Offices Purchased And Merged Into Existing Offices
NumberOfOfficesPurchasedAndMergedIntoExistingOffices
140 office
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50 office
CY2021Q1 wrld Total Acquisitions
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50 office
CY2020Q1 wrld Total Acquisitions
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178 office
CY2022Q1 us-gaap Business Combination Acquired Receivables Fair Value
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9631112 USD
CY2021Q1 us-gaap Business Combination Acquired Receivables Fair Value
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15210973 USD
CY2020Q1 us-gaap Business Combination Acquired Receivables Fair Value
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47026694 USD
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0 USD
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
0 USD
CY2020Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
74000 USD
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
9631112 USD
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
15210973 USD
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47100694 USD
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1228872 USD
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4563279 USD
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14455279 USD
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952872 USD
CY2021Q1 us-gaap Finite Lived Customer Lists Gross
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4365779 USD
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13228951 USD
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276000 USD
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197500 USD
CY2020Q1 us-gaap Finite Lived Noncompete Agreements Gross
FiniteLivedNoncompeteAgreementsGross
890000 USD
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0 USD
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GoodwillFairValueDisclosure
0 USD
CY2020Q1 us-gaap Goodwill Fair Value Disclosure
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336328 USD
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P8M
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P8M
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251000 USD
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129659000 USD
CY2021Q3 us-gaap Revenues
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148572000 USD
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166329000 USD
CY2020Q2 us-gaap Revenues
Revenues
123867000 USD
CY2020Q3 us-gaap Revenues
Revenues
124441000 USD
CY2020Q4 us-gaap Revenues
Revenues
130946000 USD
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146280000 USD
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30266000 USD
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42044000 USD
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56459000 USD
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57439000 USD
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ProvisionForLoanLossesExpensed
25661000 USD
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ProvisionForLoanLossesExpensed
26090000 USD
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28857000 USD
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ProvisionForLoanLossesExpensed
5636000 USD
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73351000 USD
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GeneralAndAdministrativeExpense
74989000 USD
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GeneralAndAdministrativeExpense
74229000 USD
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GeneralAndAdministrativeExpense
74607000 USD
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
71608000 USD
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
75293000 USD
CY2020Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
77875000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
77411000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
5501000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
6714000 USD
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InterestExpense
10166000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
11044000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
5562000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
5893000 USD
CY2020Q4 us-gaap Interest Expense
InterestExpense
7305000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
6940000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4770000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1641000 USD
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
391000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4857000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5527000 USD
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IncomeTaxExpenseBenefit
3767000 USD
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2418000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11409000 USD
CY2021Q2 us-gaap Net Income Loss
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15771000 USD
CY2021Q3 us-gaap Net Income Loss
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12439000 USD
CY2021Q4 us-gaap Net Income Loss
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7327000 USD
CY2022Q1 us-gaap Earnings Per Share Diluted
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2.97
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EarningsPerShareBasic
2.01
CY2022Q1 us-gaap Net Income Loss
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18382000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
15509000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
13398000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
14491000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
44884000 USD
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.56
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.04
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.20
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.10
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.26
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.32
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.25
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.44
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.94
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.24
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.96
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.25
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.96
CY2020Q3 wrld Assets Held For Sale Number Of Buildings Sold
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2 building
CY2020Q3 wrld Number Of Buildings
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3 building
CY2020Q3 us-gaap Gain Loss On Sale Of Properties
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37000 USD
CY2021Q3 us-gaap Gain Loss On Sale Of Properties
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39000 USD
CY2022Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Other
AssetsHeldForSaleNotPartOfDisposalGroupOther
0 USD
CY2021Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Other
AssetsHeldForSaleNotPartOfDisposalGroupOther
1143528 USD
CY2022Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Other
AssetsHeldForSaleNotPartOfDisposalGroupOther
0 USD
CY2021Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Other
AssetsHeldForSaleNotPartOfDisposalGroupOther
1143528 USD
CY2022 dei Auditor Name
AuditorName
RSM US LLP
CY2022 dei Auditor Location
AuditorLocation
Raleigh, North Carolina
CY2022 dei Auditor Firm
AuditorFirmId
49

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