XML 58 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flow from operating activities:      
Net income $ 80,359 $ 77,782 $ 57,658
Adjustments to reconcile net income to net cash flow provided by operating activities:      
Non-cash portion of credit loss provision 866 156 1,914
Share-based compensation expense 1,300 742 1,006
Depreciation and amortization expense 12,975 11,026 10,513
Deferred income taxes 3,242 1,200 1,845
Loss (gain) on disposition of consumer loan stores 966 (9,965) 0
Changes in operating assets and liabilities, net of business combinations:      
Pawn fees and service charges receivable (3,245) (697) (2,176)
Merchandise inventories (2,777) 445 (3,875)
Prepaid expenses and other assets 6,297 (4,076) 3,307
Accounts payable and accrued expenses (1,135) (883) 6,966
Income taxes payable, current (10,056) 4,645 (3,513)
Net cash flow provided by operating activities 88,792 80,375 73,645
Cash flow from investing activities:      
Pawn loan receivables (16,700) (5,092) (21,824)
Consumer loans (625) (116) (1,824)
Purchases of property and equipment (21,841) (28,974) (18,385)
Proceeds from disposition of consumer loan stores 0 19,857 0
Acquisitions of pawn stores, net of cash acquired (120,738) (7,779) (5,663)
Net cash flow used in investing activities (159,904) (22,104) (47,696)
Cash flow from financing activities:      
Change in line of credit, net 102,500 0 0
Payments of notes payable (1,837) (1,851) (9,810)
Purchases of treasury stock (61,275) (55,308) 0
Proceeds from exercise of share-based compensation awards 4,296 2,478 17,305
Income tax benefit from exercise of stock options and warrants 5,841 2,088 6,154
Net cash flow provided by (used in) financing activities 49,525 (52,593) 13,649
Effect of exchange rates on cash 1,576 (2,622) 865
Change in cash and cash equivalents (20,011) 3,056 40,463
Cash and cash equivalents at beginning of the year 70,296 67,240 26,777
Cash and cash equivalents at end of the year 50,285 70,296 67,240
Cash paid during the period for:      
Interest 1,357 145 265
Income taxes 38,810 24,579 22,336
Supplemental disclosure of non-cash investing activity:      
Non-cash transactions in connection with pawn loans settled through forfeitures of collateral transferred to inventories 100,572 90,293 98,134
Supplemental disclosure of non-cash financing activity:      
Notes payable issued in connection with pawn acquisitions $ 13,400 $ 0 $ 2,000