XML 57 R41.htm IDEA: XBRL DOCUMENT v3.6.0.2
Segment and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following tables present reportable segment information for the three years ended December 31, 2016, 2015 and 2014 as well as separately identified segment assets:

 
 
Year Ended December 31, 2016
 
 
U.S.
Operations
 
Latin America
Operations
 
Corporate
 
Consolidated
Revenue:
 
 
 
 
 
 
 
 
Retail merchandise sales
 
$
386,026

 
$
283,105

 
$

 
$
669,131

Pawn loan fees
 
195,883

 
116,874

 

 
312,757

Consumer loan and credit services fees
 
41,922

 
1,929

 

 
43,851

Wholesale scrap jewelry sales
 
47,680

 
14,958

 

 
62,638

Total revenue
 
671,511

 
416,866

 

 
1,088,377

 
 
 
 
 
 
 
 
 
Cost of revenue:
 
 
 
 
 
 
 
 
Cost of retail merchandise sold
 
241,086

 
177,470

 

 
418,556

Consumer loan and credit services loss provision
 
11,494

 
499

 

 
11,993

Cost of wholesale scrap jewelry sold
 
41,357

 
11,668

 

 
53,025

Total cost of revenue
 
293,937

 
189,637

 

 
483,574

 
 
 
 
 
 
 
 
 
Net revenue
 
377,574

 
227,229

 

 
604,803

 
 
 
 
 
 
 
 
 
Expenses and other income:
 
 
 
 
 
 
 
 
Store operating expenses
 
215,227

 
112,787

 

 
328,014

Administrative expenses
 

 

 
96,537

 
96,537

Depreciation and amortization
 
13,618

 
10,429

 
7,818

 
31,865

Interest expense
 

 

 
20,320

 
20,320

Interest income
 

 

 
(751
)
 
(751
)
Merger and other acquisition expenses
 

 

 
36,670

 
36,670

Net gain on sale of common stock of Enova
 

 

 
(1,299
)
 
(1,299
)
Total expenses and other income
 
228,845

 
123,216

 
159,295

 
511,356

 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
148,729

 
$
104,013

 
$
(159,295
)
 
$
93,447


 
 
December 31, 2016
 
 
U.S.
Operations
 
Latin America
Operations
 
Corporate
 
Consolidated
Pawn loans
 
$
293,392

 
$
57,114

 
$

 
$
350,506

Consumer loans, net
 
$
28,847

 
$
357

 
$

 
$
29,204

Inventories
 
$
282,860

 
$
47,823

 
$

 
$
330,683

Total assets
 
$
1,637,995

 
$
247,915

 
$
259,293

 
$
2,145,203


 
 
Year Ended December 31, 2015
 
 
U.S.
Operations
 
Latin America
Operations
 
Corporate
 
Consolidated
Revenue:
 
 
 
 
 
 
 
 
Retail merchandise sales
 
$
197,011

 
$
252,285

 
$

 
$
449,296

Pawn loan fees
 
94,761

 
100,687

 

 
195,448

Consumer loan and credit services fees
 
25,696

 
2,107

 

 
27,803

Wholesale scrap jewelry sales
 
19,380

 
12,675

 

 
32,055

Total revenue
 
336,848

 
367,754

 

 
704,602

 
 
 
 
 
 
 
 
 
Cost of revenue:
 
 
 
 
 
 
 
 
Cost of retail merchandise sold
 
117,059

 
161,572

 

 
278,631

Consumer loan and credit services loss provision
 
6,770

 
389

 

 
7,159

Cost of wholesale scrap jewelry sold
 
17,530

 
10,098

 

 
27,628

Total cost of revenue
 
141,359

 
172,059

 

 
313,418

 
 
 
 
 
 
 
 
 
Net revenue
 
195,489

 
195,695

 

 
391,184

 
 
 
 
 
 
 
 
 
Expenses and other income:
 
 
 
 
 
 
 
 
Store operating expenses
 
107,852

 
99,720

 

 
207,572

Administrative expenses
 

 

 
51,883

 
51,883

Depreciation and amortization
 
6,146

 
8,803

 
2,990

 
17,939

Interest expense
 

 

 
16,887

 
16,887

Interest income
 

 

 
(1,566
)
 
(1,566
)
Merger and other acquisition expenses
 

 

 
2,875

 
2,875

Goodwill impairment - U.S. consumer loan operations
 

 

 
7,913

 
7,913

Total expenses and other income
 
113,998

 
108,523

 
80,982

 
303,503

 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
81,491

 
$
87,172

 
$
(80,982
)
 
$
87,681


 
 
December 31, 2015
 
 
U.S.
Operations
 
Latin America
Operations
 
Corporate
 
Consolidated
Pawn loans
 
$
68,153

 
$
49,448

 
$

 
$
117,601

Consumer loans, net
 
$
688

 
$
430

 
$

 
$
1,118

Inventories
 
$
56,040

 
$
37,418

 
$

 
$
93,458

Total assets
 
$
423,178

 
$
218,530

 
$
111,187

 
$
752,895


 
 
Year Ended December 31, 2014
 
 
U.S.
Operations
 
Latin America
Operations
 
Corporate
 
Consolidated
Revenue:
 
 
 
 
 
 
 
 
Retail merchandise sales
 
$
172,354

 
$
255,828

 
$

 
$
428,182

Pawn loan fees
 
89,952

 
109,405

 

 
199,357

Consumer loan and credit services fees
 
34,051

 
2,698

 

 
36,749

Wholesale scrap jewelry sales
 
28,243

 
20,346

 

 
48,589

Total revenue
 
324,600

 
388,277

 

 
712,877

 
 
 
 
 
 
 
 
 
Cost of revenue:
 
 
 
 
 
 
 
 
Cost of retail merchandise sold
 
98,916

 
162,757

 

 
261,673

Consumer loan and credit services loss provision
 
8,723

 
564

 

 
9,287

Cost of wholesale scrap jewelry sold
 
24,179

 
16,865

 

 
41,044

Total cost of revenue
 
131,818

 
180,186

 

 
312,004

 
 
 
 
 
 
 
 
 
Net revenue
 
192,782

 
208,091

 

 
400,873

 
 
 
 
 
 
 
 
 
Expenses and other income:
 
 
 
 
 
 
 
 
Store operating expenses
 
97,865

 
101,121

 

 
198,986

Administrative expenses
 

 

 
53,588

 
53,588

Depreciation and amortization
 
5,402

 
9,174

 
2,900

 
17,476

Interest expense
 

 

 
13,527

 
13,527

Interest income
 

 

 
(682
)
 
(682
)
Merger and other acquisition expenses
 

 

 
998

 
998

Total expenses and other income
 
103,267

 
110,295

 
70,331

 
283,893

 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
 
$
89,515

 
$
97,796

 
$
(70,331
)
 
$
116,980


 
 
December 31, 2014
 
 
U.S.
Operations
 
Latin America
Operations
 
Corporate
 
Consolidated
Pawn loans
 
$
68,100

 
$
50,436

 
$

 
$
118,536

Consumer loans, net
 
$
790

 
$
451

 
$

 
$
1,241

Inventories
 
$
49,969

 
$
41,119

 
$

 
$
91,088

Total assets
 
$
396,642

 
$
226,656

 
$
88,582

 
$
711,880

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
The following table shows revenue and long-lived assets (all non-current assets except goodwill, intangibles, net and deferred tax assets) by geographic area:

 
Year Ended December 31,
 
2016
 
2015
 
2014
Revenue:
 
 
 
 
 
United States
$
671,511

 
$
336,848

 
$
324,600

Mexico
397,549

 
367,754

 
388,277

Other Latin America
19,317

 

 

 
$
1,088,377

 
$
704,602

 
$
712,877

 
 
 
 
 
 
Long-lived assets:
 
 
 
 
 
United States
$
257,939

 
$
65,742

 
$
64,713

Mexico
47,243

 
49,259

 
52,998

Other Latin America
$
2,554

 
1,349

 

 
$
307,736

 
$
116,350

 
$
117,711