XML 25 R12.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Condensed Consolidating Guarantor Financial Statements | 3 Months Ended
--- | ---
Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Guarantor Financial Statements | Condensed Consolidating Guarantor Financial Statements In connection with the issuance of the Notes, certain of the Company’s domestic subsidiaries (collectively, “Guarantor Subsidiaries”), fully, unconditionally, jointly and severally guaranteed the payment obligations under the Notes. Each of the Guarantor Subsidiaries is 100% owned, directly or indirectly, by the Company. In conjunction with the Merger, Frontier Merger Sub, LLC, the surviving entity in the Merger and a wholly owned subsidiary of the Company, is included as a Guarantor Subsidiary. The following supplemental financial information sets forth, on a consolidating basis, the balance sheets, statements of comprehensive income (loss) and statements of cash flows of FirstCash, Inc. (the “Parent Company”), the Guarantor Subsidiaries and the Parent Company’s other subsidiaries (the “Non-Guarantor Subsidiaries”). The supplemental condensed consolidating financial information has been prepared pursuant to SEC rules and regulations for interim condensed financial information and does not include the more complete disclosures included in annual financial statements. Investments in consolidated subsidiaries have been presented under the equity method of accounting. The principal eliminating entries eliminate investments in subsidiaries, intercompany balances and intercompany revenues and expenses. The condensed financial information may not necessarily be indicative of the results of operations or financial position had the Guarantor Subsidiaries or Non-Guarantor Subsidiaries operated as independent entities.
Condensed Consolidating Balance Sheet
March 31, 2017
|  | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5,765 |  |  | $ | 26,431 |  |  | $ | 40,952 |  |  | $ | — |  |  | $ | 73,148 |
Fees and service charges receivable |  | — |  |  | 26,789 |  |  | 11,232 |  |  | — |  |  | 38,021 |
Pawn loans |  | — |  |  | 237,340 |  |  | 77,165 |  |  | — |  |  | 314,505 |
Consumer loans, net |  | — |  |  | 21,811 |  |  | 398 |  |  | — |  |  | 22,209 |
Inventories |  | — |  |  | 249,818 |  |  | 58,347 |  |  | — |  |  | 308,165 |
Income taxes receivable |  | — |  |  | 23,095 |  |  | 1,991 |  |  | (6,667 | ) |  | 18,419 |
Prepaid expenses and other current assets |  | 2,702 |  |  | 8,707 |  |  | 2,922 |  |  | — |  |  | 14,331 |
Intercompany receivable |  | — |  |  | — |  |  | 1,993 |  |  | (1,993 | ) |  | — |
Total current assets |  | 8,467 |  |  | 593,991 |  |  | 195,000 |  |  | (8,660 | ) |  | 788,798 |
Property and equipment, net |  | 5,444 |  |  | 175,695 |  |  | 56,119 |  |  | — |  |  | 237,258 |
Goodwill |  | — |  |  | 719,495 |  |  | 116,072 |  |  | — |  |  | 835,567 |
Intangible assets, net |  | — |  |  | 100,256 |  |  | 1,338 |  |  | — |  |  | 101,594 |
Other assets |  | 3,080 |  |  | 63,613 |  |  | 2,395 |  |  | — |  |  | 69,088 |
Deferred tax assets |  | — |  |  | — |  |  | 11,249 |  |  | — |  |  | 11,249 |
Investments in subsidiaries |  | 1,830,639 |  |  | — |  |  | — |  |  | (1,830,639 | ) |  | — |
Total assets |  | $ | 1,847,630 |  |  | $ | 1,653,050 |  |  | $ | 382,173 |  |  | $ | (1,839,299 | ) |  | $ | 2,043,554 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 18,014 |  |  | $ | 46,240 |  |  | $ | 15,472 |  |  | $ | — |  |  | $ | 79,726 |
Customer deposits |  | — |  |  | 26,689 |  |  | 10,294 |  |  | — |  |  | 36,983 |
Income taxes payable |  | 6,667 |  |  | — |  |  | 1,041 |  |  | (6,667 | ) |  | 1,041 |
Intercompany payable |  | 1,993 |  |  | — |  |  | — |  |  | (1,993 | ) |  | — |
Total current liabilities |  | 26,674 |  |  | 72,929 |  |  | 26,807 |  |  | (8,660 | ) |  | 117,750 |
Revolving unsecured credit facilities |  | 137,000 |  |  | — |  |  | — |  |  | — |  |  | 137,000 |
Senior unsecured notes |  | 196,721 |  |  | — |  |  | — |  |  | — |  |  | 196,721 |
Deferred tax liabilities |  | — |  |  | 71,094 |  |  | 3,274 |  |  | — |  |  | 74,368 |
Other liabilities |  | — |  |  | 30,480 |  |  | — |  |  | — |  |  | 30,480 |
Total liabilities |  | 360,395 |  |  | 174,503 |  |  | 30,081 |  |  | (8,660 | ) |  | 556,319 |
Total stockholders’ equity |  | 1,487,235 |  |  | 1,478,547 |  |  | 352,092 |  |  | (1,830,639 | ) |  | 1,487,235 |
Total liabilities and stockholders’ equity |  | $ | 1,847,630 |  |  | $ | 1,653,050 |  |  | $ | 382,173 |  |  | $ | (1,839,299 | ) |  | $ | 2,043,554 |
Condensed Consolidating Balance Sheet
March 31, 2016
|  | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 8,216 |  |  | $ | 2,838 |  |  | $ | 43,096 |  |  | $ | — |  |  | $ | 54,150 |
Fees and service charges receivable |  | — |  |  | 6,511 |  |  | 10,559 |  |  | — |  |  | 17,070 |
Pawn loans |  | — |  |  | 52,809 |  |  | 73,811 |  |  | — |  |  | 126,620 |
Consumer loans, net |  | — |  |  | 497 |  |  | 488 |  |  | — |  |  | 985 |
Inventories |  | — |  |  | 41,163 |  |  | 49,551 |  |  | — |  |  | 90,714 |
Income taxes receivable |  | 2,351 |  |  | — |  |  | — |  |  | — |  |  | 2,351 |
Prepaid expenses and other current assets |  | 1,949 |  |  | — |  |  | 2,611 |  |  | — |  |  | 4,560 |
Intercompany receivable |  | 10,570 |  |  | — |  |  | 1,601 |  |  | (12,171 | ) |  | — |
Total current assets |  | 23,086 |  |  | 103,818 |  |  | 181,717 |  |  | (12,171 | ) |  | 296,450 |
Property and equipment, net |  | 3,856 |  |  | 57,101 |  |  | 59,755 |  |  | — |  |  | 120,712 |
Goodwill |  | — |  |  | 196,733 |  |  | 118,706 |  |  | — |  |  | 315,439 |
Intangible assets, net |  | — |  |  | 4,138 |  |  | 1,986 |  |  | — |  |  | 6,124 |
Other assets |  | 1,222 |  |  | 493 |  |  | 2,452 |  |  | — |  |  | 4,167 |
Deferred tax assets |  | — |  |  | — |  |  | 10,993 |  |  | — |  |  | 10,993 |
Investments in subsidiaries |  | 665,322 |  |  | — |  |  | — |  |  | (665,322 | ) |  | — |
Total assets |  | $ | 693,486 |  |  | $ | 362,283 |  |  | $ | 375,609 |  |  | $ | (677,493 | ) |  | $ | 753,885 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 17,975 |  |  | $ | 1,068 |  |  | $ | 19,971 |  |  | $ | — |  |  | $ | 39,014 |
Customer deposits |  | — |  |  | 6,613 |  |  | 8,869 |  |  | — |  |  | 15,482 |
Income taxes payable |  | — |  |  | — |  |  | 1,433 |  |  | — |  |  | 1,433 |
Intercompany payable |  | — |  |  | — |  |  | 12,171 |  |  | (12,171 | ) |  | — |
Total current liabilities |  | 17,975 |  |  | 7,681 |  |  | 42,444 |  |  | (12,171 | ) |  | 55,929 |
Revolving unsecured credit facilities |  | 40,000 |  |  | — |  |  | — |  |  | — |  |  | 40,000 |
Senior unsecured notes |  | 196,037 |  |  | — |  |  | — |  |  | — |  |  | 196,037 |
Deferred tax liabilities |  | 186 |  |  | 19,964 |  |  | 2,482 |  |  | — |  |  | 22,632 |
Total liabilities |  | 254,198 |  |  | 27,645 |  |  | 44,926 |  |  | (12,171 | ) |  | 314,598 |
Total stockholders’ equity |  | 439,288 |  |  | 334,638 |  |  | 330,683 |  |  | (665,322 | ) |  | 439,287 |
Total liabilities and stockholders’ equity |  | $ | 693,486 |  |  | $ | 362,283 |  |  | $ | 375,609 |  |  | $ | (677,493 | ) |  | $ | 753,885 |
Condensed Consolidating Balance Sheet
December 31, 2016
|  | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 8,663 |  |  | $ | 34,854 |  |  | $ | 46,438 |  |  | $ | — |  |  | $ | 89,955 |
Fees and service charges receivable |  | — |  |  | 31,378 |  |  | 9,635 |  |  | — |  |  | 41,013 |
Pawn loans |  | — |  |  | 286,020 |  |  | 64,486 |  |  | — |  |  | 350,506 |
Consumer loans, net |  | — |  |  | 28,797 |  |  | 407 |  |  | — |  |  | 29,204 |
Inventories |  | — |  |  | 274,873 |  |  | 55,810 |  |  | — |  |  | 330,683 |
Income taxes receivable |  | 2,415 |  |  | 23,095 |  |  | — |  |  | — |  |  | 25,510 |
Prepaid expenses and other current assets |  | 2,750 |  |  | 21,177 |  |  | 1,337 |  |  | — |  |  | 25,264 |
Intercompany receivable |  | 1,025 |  |  | — |  |  | — |  |  | (1,025 | ) |  | — |
Total current assets |  | 14,853 |  |  | 700,194 |  |  | 178,113 |  |  | (1,025 | ) |  | 892,135 |
Property and equipment, net |  | 3,736 |  |  | 180,438 |  |  | 51,883 |  |  | — |  |  | 236,057 |
Goodwill |  | — |  |  | 719,527 |  |  | 111,624 |  |  | — |  |  | 831,151 |
Intangible assets, net |  | — |  |  | 103,109 |  |  | 1,365 |  |  | — |  |  | 104,474 |
Other assets |  | 3,254 |  |  | 66,261 |  |  | 2,164 |  |  | — |  |  | 71,679 |
Deferred tax assets |  | — |  |  | — |  |  | 9,707 |  |  | — |  |  | 9,707 |
Investments in subsidiaries |  | 1,906,444 |  |  | — |  |  | — |  |  | (1,906,444 | ) |  | — |
Total assets |  | $ | 1,928,287 |  |  | $ | 1,769,529 |  |  | $ | 354,856 |  |  | $ | (1,907,469 | ) |  | $ | 2,145,203 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 21,756 |  |  | $ | 72,979 |  |  | $ | 14,619 |  |  | $ | — |  |  | $ | 109,354 |
Customer deposits |  | — |  |  | 24,626 |  |  | 8,910 |  |  | — |  |  | 33,536 |
Income taxes payable |  | — |  |  | — |  |  | 738 |  |  | — |  |  | 738 |
Intercompany payable |  | — |  |  | — |  |  | 1,025 |  |  | (1,025 | ) |  | — |
Total current liabilities |  | 21,756 |  |  | 97,605 |  |  | 25,292 |  |  | (1,025 | ) |  | 143,628 |
Revolving unsecured credit facilities |  | 260,000 |  |  | — |  |  | — |  |  | — |  |  | 260,000 |
Senior unsecured notes |  | 196,545 |  |  | — |  |  | — |  |  | — |  |  | 196,545 |
Deferred tax liabilities |  | — |  |  | 58,286 |  |  | 2,989 |  |  | — |  |  | 61,275 |
Other liabilities |  | — |  |  | 33,769 |  |  | — |  |  | — |  |  | 33,769 |
Total liabilities |  | 478,301 |  |  | 189,660 |  |  | 28,281 |  |  | (1,025 | ) |  | 695,217 |
Total stockholders’ equity |  | 1,449,986 |  |  | 1,579,869 |  |  | 326,575 |  |  | (1,906,444 | ) |  | 1,449,986 |
Total liabilities and stockholders’ equity |  | $ | 1,928,287 |  |  | $ | 1,769,529 |  |  | $ | 354,856 |  |  | $ | (1,907,469 | ) |  | $ | 2,145,203 |
Condensed Consolidating Statement of Comprehensive Income (Loss)
Three Months Ended March 31, 2017
|  | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | — |  |  | $ | 184,721 |  |  | $ | 75,273 |  |  | $ | — |  |  | $ | 259,994 |
Pawn loan fees |  | — |  |  | 98,718 |  |  | 29,533 |  |  | — |  |  | 128,251 |
Consumer loan and credit services fees |  | — |  |  | 20,744 |  |  | 476 |  |  | — |  |  | 21,220 |
Wholesale scrap jewelry sales |  | — |  |  | 32,473 |  |  | 5,638 |  |  | — |  |  | 38,111 |
Total revenue |  | — |  |  | 336,656 |  |  | 110,920 |  |  | — |  |  | 447,576 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | — |  |  | 117,604 |  |  | 48,031 |  |  | — |  |  | 165,635 |
Consumer loan and credit services loss provision |  | — |  |  | 3,987 |  |  | 105 |  |  | — |  |  | 4,092 |
Cost of wholesale scrap jewelry sold |  | — |  |  | 30,361 |  |  | 4,588 |  |  | — |  |  | 34,949 |
Total cost of revenue |  | — |  |  | 151,952 |  |  | 52,724 |  |  | — |  |  | 204,676 |
Net revenue |  | — |  |  | 184,704 |  |  | 58,196 |  |  | — |  |  | 242,900 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Store operating expenses |  | — |  |  | 104,119 |  |  | 32,625 |  |  | — |  |  | 136,744 |
Administrative expenses (1) |  | 3,606 |  |  | 15,175 |  |  | 14,457 |  |  | — |  |  | 33,238 |
Depreciation and amortization |  | 380 |  |  | 11,100 |  |  | 2,763 |  |  | — |  |  | 14,243 |
Interest expense |  | 6,110 |  |  | 3 |  |  | — |  |  | — |  |  | 6,113 |
Interest income |  | (2 | ) |  | — |  |  | (325 | ) |  | — |  |  | (327 | )
Merger and other acquisition expenses |  | 11 |  |  | 636 |  |  | — |  |  | — |  |  | 647 |
Total expenses and other income |  | 10,105 |  |  | 131,033 |  |  | 49,520 |  |  | — |  |  | 190,658 |
Income (loss) before income taxes |  | (10,105 | ) |  | 53,671 |  |  | 8,676 |  |  | — |  |  | 52,242 |
Provision for income taxes |  | (3,289 | ) |  | 19,544 |  |  | 3,342 |  |  | — |  |  | 19,597 |
Income (loss) before equity in net income of subsidiaries |  | (6,816 | ) |  | 34,127 |  |  | 5,334 |  |  | — |  |  | 32,645 |
Equity in net income of subsidiaries |  | 39,461 |  |  | — |  |  | — |  |  | (39,461 | ) |  | — |
Net income (loss) |  | $ | 32,645 |  |  | $ | 34,127 |  |  | $ | 5,334 |  |  | $ | (39,461 | ) |  | $ | 32,645 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Currency translation adjustment |  | 23,005 |  |  | — |  |  | — |  |  | — |  |  | 23,005 |
Comprehensive income (loss) |  | $ | 55,650 |  |  | $ | 34,127 |  |  | $ | 5,334 |  |  | $ | (39,461 | ) |  | $ | 55,650 |
(1) | Includes the allocation of certain administrative expenses and the payment of royalties between the Parent Company and certain foreign Non-Guarantor Subsidiaries.
Condensed Consolidating Statement of Comprehensive Income (Loss)
Three Months Ended March 31, 2016
|  | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | — |  |  | $ | 45,825 |  |  | $ | 72,951 |  |  | $ | — |  |  | $ | 118,776 |
Pawn loan fees |  | — |  |  | 21,329 |  |  | 30,104 |  |  | — |  |  | 51,433 |
Consumer loan and credit services fees |  | — |  |  | 5,127 |  |  | 559 |  |  | — |  |  | 5,686 |
Wholesale scrap jewelry sales |  | — |  |  | 4,243 |  |  | 3,065 |  |  | — |  |  | 7,308 |
Total revenue |  | — |  |  | 76,524 |  |  | 106,679 |  |  | — |  |  | 183,203 |
Cost of revenue: |  |  |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | — |  |  | 27,601 |  |  | 46,821 |  |  | — |  |  | 74,422 |
Consumer loan and credit services loss provision |  | — |  |  | 907 |  |  | 140 |  |  | — |  |  | 1,047 |
Cost of wholesale scrap jewelry sold |  | — |  |  | 3,443 |  |  | 2,428 |  |  | — |  |  | 5,871 |
Total cost of revenue |  | — |  |  | 31,951 |  |  | 49,389 |  |  | — |  |  | 81,340 |
Net revenue |  | — |  |  | 44,573 |  |  | 57,290 |  |  | — |  |  | 101,863 |
Expenses and other income: |  |  |  |  |  |  |  |  |  |
Store operating expenses |  | — |  |  | 23,935 |  |  | 31,476 |  |  | — |  |  | 55,411 |
Administrative expenses (1) |  | 9,209 |  |  | — |  |  | 8,059 |  |  | — |  |  | 17,268 |
Depreciation and amortization |  | 174 |  |  | 1,696 |  |  | 3,067 |  |  | — |  |  | 4,937 |
Interest expense |  | 4,394 |  |  | — |  |  | 66 |  |  | — |  |  | 4,460 |
Interest income |  | (2 | ) |  | — |  |  | (272 | ) |  | — |  |  | (274 | )
Merger and other acquisition expenses |  | 400 |  |  | — |  |  | — |  |  | — |  |  | 400 |
Total expenses and other income |  | 14,175 |  |  | 25,631 |  |  | 42,396 |  |  | — |  |  | 82,202 |
Income (loss) before income taxes |  | (14,175 | ) |  | 18,942 |  |  | 14,894 |  |  | — |  |  | 19,661 |
Provision for income taxes |  | (5,178 | ) |  | 7,000 |  |  | 4,665 |  |  | — |  |  | 6,487 |
Income (loss) before equity in net income of subsidiaries |  | (8,997 | ) |  | 11,942 |  |  | 10,229 |  |  | — |  |  | 13,174 |
Equity in net income of subsidiaries |  | 22,171 |  |  | — |  |  | — |  |  | (22,171 | ) |  | — |
Net income (loss) |  | $ | 13,174 |  |  | $ | 11,942 |  |  | $ | 10,229 |  |  | $ | (22,171 | ) |  | $ | 13,174 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Currency translation adjustment |  | (2,489 | ) |  | — |  |  | — |  |  | — |  |  | (2,489 | )
Comprehensive income (loss) |  | $ | 10,685 |  |  | $ | 11,942 |  |  | $ | 10,229 |  |  | $ | (22,171 | ) |  | $ | 10,685 |
(1) | Includes the allocation of certain administrative expenses and the payment of royalties between the Parent Company and certain foreign Non-Guarantor Subsidiaries.
Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2017
|  | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Eliminations |  | Consolidated
Cash flow from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash flow provided by (used in) operating activities |  | $ | 160,336 |  |  | $ | 54,143 |  |  | $ | 2,219 |  |  | $ | (152,833 | ) |  | $ | 63,865 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |  |
Loan receivables, net of cash repayments |  | — |  |  | 72,131 |  |  | (4,942 | ) |  | — |  |  | 67,189 |
Purchases of property and equipment |  | (2,088 | ) |  | (3,638 | ) |  | (2,350 | ) |  | — |  |  | (8,076 | )
Acquisitions of pawn stores, net of cash acquired |  | — |  |  | (17 | ) |  | (837 | ) |  | — |  |  | (854 | )
Investing activity with subsidiaries |  | (18,969 | ) |  | — |  |  | — |  |  | 18,969 |  |  | — |
Net cash flow provided by (used in) investing activities |  | (21,057 | ) |  | 68,476 |  |  | (8,129 | ) |  | 18,969 |  |  | 58,259 |
Cash flow from financing activities: |  |  |  |  |  |  |  |  |  |
Borrowings from revolving credit facilities |  | 15,000 |  |  | — |  |  | — |  |  | — |  |  | 15,000 |
Repayments of revolving credit facilities |  | (138,000 | ) |  | — |  |  | — |  |  | — |  |  | (138,000 | )
Purchases of treasury stock |  | (10,005 | ) |  | — |  |  | — |  |  | — |  |  | (10,005 | )
Common stock dividends paid |  | (9,172 | ) |  | — |  |  | — |  |  | — |  |  | (9,172 | )
Proceeds from intercompany financing related activity |  | — |  |  | 18,055 |  |  | 914 |  |  | (18,969 | ) |  | — |
Intercompany dividends paid |  | — |  |  | (149,097 | ) |  | (3,736 | ) |  | 152,833 |  |  | — |
Net cash flow provided by (used in) financing activities |  | (142,177 | ) |  | (131,042 | ) |  | (2,822 | ) |  | 133,864 |  |  | (142,177 | )
Effect of exchange rates on cash |  | — |  |  | — |  |  | 3,246 |  |  | — |  |  | 3,246 |
Change in cash and cash equivalents |  | (2,898 | ) |  | (8,423 | ) |  | (5,486 | ) |  | — |  |  | (16,807 | )
Cash and cash equivalents at beginning of the period |  | 8,663 |  |  | 34,854 |  |  | 46,438 |  |  | — |  |  | 89,955 |
Cash and cash equivalents at end of the period |  | $ | 5,765 |  |  | $ | 26,431 |  |  | $ | 40,952 |  |  | $ | — |  |  | $ | 73,148 |
Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2016
|  | Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Eliminations |  | Consolidated
Cash flow from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash flow provided by (used in) operating activities |  | $ | 28,542 |  |  | $ | 17,178 |  |  | $ | 13,083 |  |  | $ | (33,727 | ) |  | $ | 25,076 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |  |
Loan receivables, net of cash repayments |  | — |  |  | 12,309 |  |  | (7,016 | ) |  | — |  |  | 5,293 |
Purchases of property and equipment |  | (462 | ) |  | (2,905 | ) |  | (2,976 | ) |  | — |  |  | (6,343 | )
Acquisitions of pawn stores, net of cash acquired |  | — |  |  | (774 | ) |  | (25,271 | ) |  | — |  |  | (26,045 | )
Investing activity with subsidiaries |  | (3,794 | ) |  | — |  |  | — |  |  | 3,794 |  |  | — |
Net cash flow provided by (used in) investing activities |  | (4,256 | ) |  | 8,630 |  |  | (35,263 | ) |  | 3,794 |  |  | (27,095 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |  |
Borrowings from revolving credit facilities |  | 11,500 |  |  | — |  |  | — |  |  | — |  |  | 11,500 |
Repayments of revolving credit facilities |  | (29,500 | ) |  | — |  |  | — |  |  | — |  |  | (29,500 | )
Repayments of debt assumed from acquisitions |  | — |  |  | — |  |  | (6,532 | ) |  | — |  |  | (6,532 | )
Common stock dividends paid |  | (3,530 | ) |  | — |  |  | — |  |  | — |  |  | (3,530 | )
Proceeds from intercompany financing related activity |  | — |  |  | 3,679 |  |  | 115 |  |  | (3,794 | ) |  | — |
Intercompany dividends paid |  | — |  |  | (30,414 | ) |  | (3,313 | ) |  | 33,727 |  |  | — |
Net cash flow provided by (used in) financing activities |  | (21,530 | ) |  | (26,735 | ) |  | (9,730 | ) |  | 29,933 |  |  | (28,062 | )
Effect of exchange rates on cash |  | — |  |  | — |  |  | (2,723 | ) |  | — |  |  | (2,723 | )
Change in cash and cash equivalents |  | 2,756 |  |  | (927 | ) |  | (34,633 | ) |  | — |  |  | (32,804 | )
Cash and cash equivalents at beginning of the period |  | 5,460 |  |  | 3,765 |  |  | 77,729 |  |  | — |  |  | 86,954 |
Cash and cash equivalents at end of the period |  | $ | 8,216 |  |  | $ | 2,838 |  |  | $ | 43,096 |  |  | $ | — |  |  | $ | 54,150 |

X
- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64809438&loc=d3e5614-111684 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01(a)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 + Details
Name: | us-gaap_CondensedFinancialStatementsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration