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Subsequent Event | 12 Months Ended
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Dec. 31, 2015
Subsequent Events [Abstract] |
Subsequent Event | SUBSEQUENT EVENT Consistent with the Company’s strategy to continue its expansion of pawn stores in Latin America, the Company acquired the operating entity owning the pawn loans, inventory, layaways and other operating assets and liabilities of 166 pawn stores located in Mexico on January 6, 2016 and the assets of 13 pawn stores located in El Salvador on February 2, 2016. As described in Note 4, the Company also acquired 32 pawn stores in Guatemala on December 31, 2015 in a related transaction. The combined purchase price for these stores was approximately $45,000,000, net of cash acquired before certain post-closing adjustments. In addition, the Company assumed approximately $7,000,000 in net debt from these acquisitions which was repaid in full by the Company in January 2016. The acquisitions of the stores in Mexico and El Salvador will be recorded in the first quarter of 2016 and the assets, liabilities and results of operations of the locations will be included in the Company’s consolidated results as of the respective acquisition dates. Certain disclosures related to these acquisitions, including the preliminary purchase price allocation and pro forma results, have not been presented because the initial accounting for the business combination is incomplete as of the filing date. The Company will include necessary disclosure in its quarterly report on Form 10-Q for the first fiscal quarter of 2016.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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