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Discontinued Operations
12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
DISCONTINUED OPERATIONS

The Company’s strategy has been to grow its pawn operations while reducing the percentage of revenue from other consumer lending products, which include certain consumer loan and credit services products offered in the United States and Mexico. As a result, the Company discontinued the operations of the Cash & Go, Ltd. joint venture, a consolidated 50%-owned subsidiary, which owned and operated 37 check cashing and financial services kiosks located inside convenience stores in the state of Texas. The Company recorded an after-tax loss for Cash & Go, Ltd. of $272,000, or $0.01 per share, in fiscal 2014, which was reported as a loss from discontinued operations. In fiscal 2013, the Company recorded a charge of $844,000, net of tax, or $0.03 per share, and after-tax earnings from operations for Cash & Go, Ltd. were $211,000, or $0.01 per share. Comparable after-tax earnings were $243,000, or $0.01 per share, in 2012.

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 city ordinances enacted during 2012, which significantly restricted the Company’s ability to provide credit services products. The Company recorded a loss on disposal of $628,000, net of tax, or $0.03 per share, from these stores. The after-tax operating results from operations for these Texas stores were immaterial in 2012.

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 December 31, 2013 were immaterial.

The following table summarizes the operating results, including gains or losses from dispositions, of all the operations which have been reclassified as discontinued operations in the consolidated statements of operations for the years ended December 31, 2014, 2013 and 2012 (in thousands, except per share data):
 
Year Ended December 31,
 
2014
 
2013
 
2012
Consumer loan and credit services fees
$
124

 
$
3,337

 
$
5,308

Consumer loan and credit services loss provision
(120
)
 
(691
)
 
(1,264
)
Net revenue
4

 
2,646

 
4,044

 
 
 
 
 
 
Expenses and other losses:
 
 
 
 
 
Operating and administrative expenses
423

 
2,322

 
3,816

Depreciation and amortization

 

 
36

Loss on disposition of consumer loan stores

 
1,298

 
966

Total expenses and other losses
423

 
3,620

 
4,818

Loss from discontinued operations before income taxes
(419
)
 
(974
)
 
(774
)
Tax benefit
147

 
341

 
271

Loss from discontinued operations, net of tax
$
(272
)
 
$
(633
)
 
$
(503
)
Loss from discontinued operations (basic)
$
(0.01
)
 
$
(0.02
)
 
$
(0.02
)
Loss from discontinued operations (diluted)
$
(0.01
)
 
$
(0.02
)
 
$
(0.02
)