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Discontinued Operations
12 Months Ended
Dec. 31, 2015
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 loan and credit services products. 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.

All revenue, expenses and income reported in these financial statements have been adjusted to reflect the 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, 2015, 2014 and 2013 (in thousands, except per share data):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Consumer loan and credit services fees
$

 
$
124

 
$
3,337

Consumer loan and credit services loss provision

 
(120
)
 
(691
)
Net revenue

 
4

 
2,646

 
 
 
 
 
 
Expenses and other losses:
 
 
 
 
 
Operating and administrative expenses

 
423

 
2,322

Loss on disposition of consumer loan stores

 

 
1,298

Total expenses and other losses

 
423

 
3,620

Loss from discontinued operations before income taxes

 
(419
)
 
(974
)
Tax benefit

 
147

 
341

Loss from discontinued operations, net of tax
$

 
$
(272
)
 
$
(633
)
Loss from discontinued operations (basic)
$

 
$
(0.01
)
 
$
(0.02
)
Loss from discontinued operations (diluted)
$

 
$
(0.01
)
 
$
(0.02
)