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Acquisitions Purchase Price Allocation Table (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Sep. 01, 2016
Jan. 06, 2016
Dec. 31, 2015
Dec. 31, 2014
Business Acquisition [Line Items]          
Goodwill $ 831,151     $ 295,609 $ 276,882
Revolving unsecured credit facility (232,000)     0 0
Notes payable assumed in acquisition $ (6,630)     $ 0 $ 0
Customer Relationships          
Business Acquisition [Line Items]          
Intangible assets amortization period 5 years        
Cash America Merger          
Business Acquisition [Line Items]          
Cash and cash equivalents   $ 42,520      
Pawn loans   234,761      
Fees and service charges receivable   26,893      
Consumer loans   27,549      
Inventory   224,644      
Income taxes receivable   23,095      
Other current assets   28,324      
Investment in common stock of Enova International, Inc. [1]   60,785      
Property and equipment   118,381      
Goodwill [2]   522,064      
Intangible assets [3]   103,250      
Other assets   62,994      
Current liabilities   (95,268)      
Customer deposits   (21,536)      
Revolving unsecured credit facility [4]   (232,000)      
Deferred tax liabilities   (28,002)      
Other liabilities   (32,177)      
Aggregate merger consideration   $ 1,066,277      
U.S. Acquisitions          
Business Acquisition [Line Items]          
Pawn loans $ 385        
Fees and service charges receivable 18        
Inventory 359        
Other current assets 0        
Property and equipment 10        
Goodwill [5] 1,239        
Intangible assets [6] 36        
Other assets 0        
Deferred tax assets 0        
Current liabilities (96)        
Notes payable assumed in acquisition 0        
Aggregate merger consideration 1,951        
Latin America Acquisition          
Business Acquisition [Line Items]          
Pawn loans 10,586        
Fees and service charges receivable 885        
Inventory 3,014        
Other current assets 1,795        
Property and equipment 6,821        
Goodwill [5] 20,413        
Intangible assets [6] 405        
Other assets 512        
Deferred tax assets 2,392        
Current liabilities (10,299)        
Notes payable assumed in acquisition (6,630)   $ (6,630)    
Aggregate merger consideration 29,894        
Business Acquisition          
Business Acquisition [Line Items]          
Pawn loans 10,971        
Fees and service charges receivable 903        
Inventory 3,373        
Other current assets 1,795        
Property and equipment 6,831        
Goodwill [5] 21,652        
Intangible assets [6] 441        
Other assets 512        
Deferred tax assets 2,392        
Current liabilities (10,395)        
Notes payable assumed in acquisition (6,630)        
Aggregate merger consideration $ 31,845        
[1] Represents Cash America’s investment in the common stock of Enova International, Inc. (“Enova”), a publicly traded company focused on providing online consumer lending products. Prior to December 31, 2016, all of the Enova shares acquired were sold in open market transactions at an average price of $10.40 per share, which resulted in a net gain on sale of $1,299 and generated net proceeds of $62,084.
[2] The goodwill is attributable to the excess of the aggregate merger consideration over the fair value of the net tangible and intangible assets acquired and liabilities assumed and is considered to represent the synergies and economies of scale expected from combining the operations of the Company and Cash America. This goodwill has been assigned to the U.S. operations reporting unit. Approximately $223,000 of the goodwill arising from the Merger is expected to be deductible for U.S. income tax purposes.
[3] Intangible assets acquired and the respective useful lives assigned consist of the following: Amount Useful life (in years)Trade names $46,300 IndefinitePawn licenses 32,300 IndefiniteCustomer relationships 14,700 FiveExecutive non-compete agreements 8,700 TwoFranchise agreements related to check cashing operation 1,250 Indefinite $103,250 The customer relationships are being amortized using an accelerated amortization method that reflects the future cash flows expected from the returning pawn customers of Cash America. The non-compete agreements are being amortized over a straight-line basis over the life of the non-compete agreements. As the trade names, pawn licenses and franchise agreements have indefinite lives, they are not amortized.
[4] Represents outstanding borrowings under Cash America’s revolving unsecured credit facility that became due upon completion of the Merger. The Cash America revolving unsecured credit facility was repaid by the Company using proceeds from the 2016 Credit Facility (as described in Note 11) and was terminated upon completion of the Merger.
[5] Substantially all of the goodwill for the U.S. Acquisitions is expected to be deductible for U.S. income tax purposes. However, the goodwill for the Latin America Acquisition is not expected to be deductible for Mexico and El Salvador income tax purposes.
[6] Intangible assets primarily consist of customer relationships, which are generally amortized over five years.