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Subsequent Event
12 Months Ended
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.