XML 20 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flow from operating activities:    
Net income $ 22,682 $ 20,264
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Non-cash portion of credit loss provision 213 249
Share-based compensation expense 550 428
Depreciation and amortization expense 4,272 3,625
Amortization of debt issuance costs 162 47
Deferred income taxes 451 700
Changes in operating assets and liabilities, net of business combinations:    
Pawn fees and service charges receivable 154 62
Merchandise inventories 1,805 975
Prepaid expenses and other assets (185) (2,670)
Accounts payable and accrued expenses (459) 2,110
Income taxes payable, current (4,051) (596)
Net cash flow provided by operating activities 25,594 25,194
Cash flow from investing activities:    
Loan receivables, net of cash repayments 5,773 3,136
Purchases of property and equipment (5,674) (4,704)
Acquisitions of pawn stores, net of cash acquired (4,889) (1,468)
Net cash flow used in investing activities (4,790) (3,036)
Cash flow from financing activities:    
Borrowings from revolving credit facilities 2,500 0
Repayments of revolving credit facilities (184,500) (50,500)
Repayments of notes payable (8,352) (792)
Issuance of senior notes 200,000 0
Debt issuance costs paid (5,909) 0
Proceeds from exercise of share-based compensation awards 0 8,422
Income tax benefit from exercise of stock options 0 7,218
Net cash flow provided by (used in) financing activities 3,739 (35,652)
Effect of exchange rates on cash (257) 1,548
Change in cash and cash equivalents 24,286 (11,946)
Cash and cash equivalents at beginning of the period 70,643 50,285
Cash and cash equivalents at end of the period $ 94,929 $ 38,339