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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Components of the provision for income taxes and the income to which it relates for the years ended December 31, 2013, 2012 and 2011 consist of the following (in thousands):

	Year Ended December 31,
	2013				2012				2011
Income from continuing operations before income taxes:
Domestic	$	43,936			$	48,419			$	44,199
Foreign	76,256				73,818				62,888
Income from continuing operations before income taxes	$	120,192			$	122,237			$	107,087
Current income taxes:
Federal	$	22,468			$	17,423			$	16,490
Foreign	20,392				19,748				17,304
State and local	781				962				749
Current provision for income taxes	43,641				38,133				34,543
Deferred provision (benefit) for income taxes:
Federal	(799		)		3,122				2,540
Foreign	(7,218		)		—				—
State and local	89				120				(133		)
Total deferred provision (benefit) for income taxes	(7,928		)		3,242				2,407
Provision for income taxes	$	35,713			$	41,375			$	36,950

Schedule of Deferred Tax Assets and Liabilities

The principal current and non-current deferred tax assets and liabilities consist of the following at December 31, 2013, and 2012 (in thousands):

	December 31,
	2013				2012
Deferred tax assets:
Depreciation	$	5,841			$	—
Cumulative foreign translation adjustment	4,010				3,447
Deferred cost of goods sold deduction	2,507				—
Interest accrual on forfeited pawn loans	1,053				1,365
Deferred compensation	773				—
Allowance for consumer loan losses	427				—
Other	1,091				495
Total deferred tax assets	15,702				5,307
Deferred tax liabilities:
Intangible asset amortization	17,760				15,823
Share-based compensation	918				1,101
Other	807				510
Total deferred tax liabilities	19,485				17,434
Net deferred tax liabilities	$	(3,783	)		$	(12,127	)
Reported as:
Current deferred tax assets	$	5,044			$	1,148
Non-current deferred income tax liabilities	(8,827		)		(13,275		)
Net deferred tax liabilities	$	(3,783	)		$	(12,127	)

Schedule of Effective Income Tax Rate Reconciliation

The effective rate on income from continuing operations differs from the U.S. federal statutory rate of 35%. The following is a reconciliation of such differences (in thousands):

	Year Ended December 31,
	2013				2012				2011
Tax at the U.S. federal statutory rate	$	42,067			$	42,783			$	37,480
State income taxes, net of federal tax benefit of $273, $337 and $262, respectively	508				625				487
Effect of indefinitely reinvesting foreign earnings	(2,281		)		—				—
Tax restructuring	(3,979		)		—				—
Additional foreign tax credit claimed from prior periods	—				(778		)		—
Other taxes and adjustments, net	(602		)		(1,255		)		(1,017		)
Provision for income taxes	$	35,713			$	41,375			$	36,950
Effective tax rate	29.7		%		33.8		%		34.5		%

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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