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Discontinued Operations
 9 Months Ended
Sep. 30, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations     

The Company’s strategy has been to grow its pawn operations while reducing regulatory exposure from other consumer lending products, which include certain consumer loan and credit services products offered in the United States. In September 2012, the Company closed seven of its consumer loan stores located in the Texas cities of Austin and Dallas due in part to recently enacted ordinances in these cities, which significantly restrict the Company's ability to provide credit services products. The Company recorded a loss on disposal of $633,000, net of tax, or $0.03 per share, from these stores. The after-tax operating results from operations for these Texas stores were immaterial during the nine months ended September 30, 2012, and 2011.

In March 2011, the Company sold all ten of its consumer loan stores located in Illinois to a privately-held operator of check cashing and consumer lending stores. Under the terms of the agreement, the buyer purchased the outstanding customer loans, customer account lists and fixed assets, assumed leases at all the store locations and hired all of the store-level employees. During the nine months ended September 30, 2011, the Company recorded a gain of approximately $5,979,000, net of tax, or $0.19 per share, from the sale of these stores. The after-tax earnings from operations for the Illinois stores were an additional $514,000, or $0.02 per share during the nine months ended September 30, 2011.

All revenue, expenses and income reported in these financial statements have been adjusted to reflect reclassification of all discontinued operations. The carrying amounts of the assets and liabilities for discontinued operations at September 30, 2012, and 2011 were immaterial.

The following table summarizes the operating results, including gains from dispositions, of all the operations which have been reclassified as discontinued operations in the condensed consolidated statements of operations for the three and nine months ended September 30, 2012, and 2011 (unaudited, in thousands, except per share data):

 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2012
 
2011
 
2012
 
2011
Consumer loan and credit services fees
 
$
58

 
$
497

 
$
941

 
$
2,863

Consumer loan and credit services loss provision
 
(64
)
 
(193
)
 
(370
)
 
(511
)
Net revenue
 
(6
)
 
304

 
571

 
2,352

 
 
 
 
 
 
 
 
 
Expenses and other (gain) loss:
 
 
 
 
 
 
 
 
Operating and administrative expenses
 
165

 
244

 
610

 
1,317

Depreciation and amortization
 
3

 
10

 
19

 
46

Loss (gain) on disposition of consumer loan stores
 
966

 
(133
)
 
966

 
(9,965
)
Gain on excess collections of notes receivable
 
—

 
(115
)
 
—

 
(735
)
Total expenses and other (gains)/losses
 
1,134

 
6

 
1,595

 
(9,337
)
Income (loss) from discontinued operations before income taxes
 
(1,140
)
 
298

 
(1,024
)
 
11,689

Tax benefit (expense)
 
393

 
(117
)
 
353

 
(4,669
)
Income (loss) from discontinued operations, net of tax
 
$
(747
)
 
$
181

 
$
(671
)
 
$
7,020

Income (loss) from discontinued operations (basic)
 
$
(0.03
)
 
$
—

 
$
(0.03
)
 
$
0.23

Income (loss) from discontinued operations (diluted)
 
$
(0.03
)
 
$
0.01

 
$
(0.03
)
 
$
0.23