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Revolving Credit Facility and Notes Payable
 12 Months Ended
Dec. 31, 2012
Debt Disclosure [Abstract]  
Revolving Credit Facility and Notes Payable
REVOLVING CREDIT FACILITY AND NOTES PAYABLE

At December 31, 2012, the Company maintained a line of credit with five commercial lenders (“the Unsecured Credit Facility”) in the amount of $175,000,000, which matures in February 2015. At December 31, 2012, the Company had $102,500,000 outstanding under the Unsecured Credit Facility and $72,500,000 available for borrowings. The Unsecured Credit Facility charges interest at the prevailing LIBOR rate plus a fixed spread of 2.0%. The interest rate was 2.25% at December 31, 2012. Under the terms of the Unsecured Credit Facility, the Company is required to maintain certain financial ratios and comply with certain financial covenants, which include a fixed charge ratio, leverage ratio and maintain a defined level of tangible net worth. The Company’s Unsecured Credit Facility contains provisions that allow the Company to repurchase stock and/or pay cash dividends within certain parameters and restricts the Company from pledging any of its assets as collateral against other indebtedness. The Company was in compliance with the requirements and covenants of the Unsecured Credit Facility as of December 31, 2012. The Company is required to pay an annual commitment fee of 0.375% on the average daily unused portion of the Unsecured Credit Facility commitment.

At December 31, 2012, the Company had notes payable arising from a 16-store pawn acquisition in September 2012, with a remaining balance of $8,114,000 bearing interest at 4.0% per annum. The remaining balance is being paid in monthly payments of principal and interest scheduled through September 2017. Of the $8,114,000 in notes payable, $1,583,000 is classified as a current liability and $6,531,000 is classified as long-term debt.

At December 31, 2012, the Company also had a note payable arising from a 29-store pawn acquisition in January 2012, with a remaining balance of $3,449,000 bearing interest at 3.0% per annum. The remaining balance is being paid in monthly payments of principal and interest scheduled through January 2015. Of the $3,449,000 in notes payable, $1,629,000 is classified as a current liability and $1,820,000 is classified as long-term debt.

As of December 31, 2012, annual maturities of the outstanding long-term debt for each of the five years after December 31, 2012 are as follows (in thousands):
Fiscal
 
2013
$
3,212

2014
3,325

2015
104,356

2016
1,784

2017
1,386

Thereafter
—

 
$
114,063