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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

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, 2015, 2014 and 2013 consist of the following (in thousands):

	Year Ended December 31,
	2015				2014				2013
Income from continuing operations before income taxes (1):
Domestic	$	27,599			$	50,984			$	43,936
Foreign	60,082				65,996				76,256
Income from continuing operations before income taxes	$	87,681			$	116,980			$	120,192
Current income taxes:
Federal	$	7,933			$	11,494			$	22,468
Foreign	18,763				17,823				20,392
State and local	705				1,097				781
Current provision for income taxes	27,401				30,414				43,641
Deferred provision (benefit) for income taxes:
Federal	931				2,232				(799		)
Foreign	(1,414		)		(1,232		)		(7,218		)
State and local	53				128				89
Total deferred provision (benefit) for income taxes	(430		)		1,128				(7,928		)
Provision for income taxes	$	26,971			$	31,542			$	35,713

(1) Includes the allocation of certain administrative expenses and the payment of royalties between domestic and foreign subsidiaries.

Schedule of Deferred Tax Assets and Liabilities

The principal deferred tax assets and liabilities consist of the following at December 31, 2015 and 2014 (in thousands):

	December 31,
	2015				2014
Deferred tax assets:
Depreciation	$	5,652			$	6,010
Accrued fees on forfeited pawn loans	3,784				3,864
Deferred cost of goods sold deduction	2,101				2,391
Accrued compensation	859				778
Share-based compensation	507				—
Other	1,875				1,710
Total deferred tax assets	14,778				14,753
Deferred tax liabilities:
Intangible asset amortization	22,761				21,443
Depreciation	3,093				—
Share-based compensation	—				222
Other	1,067				1,241
Total deferred tax liabilities	$	26,921			$	22,906
Net deferred tax liabilities	$	(12,143	)		$	(8,153	)
Reported as:
Deferred tax assets	$	9,321			$	9,070
Deferred tax liabilities	(21,464		)		(17,223		)
Net deferred tax liabilities	$	(12,143	)		$	(8,153	)

The Company has evaluated the nature and timing of its deferred tax assets and concluded that no valuation allowance is necessary. Also, see Note 2 Revisions and reclassifications for a discussion of a revision made to the Company’s consolidated balance sheet as of December 31, 2014 impacting a previously reported deferred tax asset

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,
	2015				2014				2013
Tax at the U.S. federal statutory rate	$	30,688			$	40,943			$	42,067
State income taxes, net of federal tax benefit of $265, $429 and $273, respectively	493				796				508
Rate benefit from foreign earnings	(3,531		)		(4,576		)		(2,281		)
Net non-recurring benefit of Tax Restructuring	—				(5,841		)		(3,979		)
Other taxes and adjustments, net	(679		)		220				(602		)
Provision for income taxes	$	26,971			$	31,542			$	35,713
Effective tax rate	30.8		%		27.0		%		29.7		%

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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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