XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2017
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company organizes its operations into two reportable segments as follows:
• | U.S. operations - Includes all pawn and consumer loan operations in the U.S.
• | Latin America operations - Includes all pawn and consumer loan operations in Latin America, which currently includes operations in Mexico, Guatemala and El Salvador
The following tables present reportable segment information for the three and six month periods ended June 30, 2017 and 2016:
|  | Three Months Ended June 30, 2017
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 164,852 |  |  | $ | 78,970 |  |  | $ | — |  |  | $ | 243,822 |
Pawn loan fees |  | 90,254 |  |  | 32,378 |  |  | — |  |  | 122,632 |
Consumer loan and credit services fees |  | 18,085 |  |  | 444 |  |  | — |  |  | 18,529 |
Wholesale scrap jewelry sales |  | 26,136 |  |  | 5,510 |  |  | — |  |  | 31,646 |
Total revenue |  | 299,327 |  |  | 117,302 |  |  | — |  |  | 416,629 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 106,731 |  |  | 49,742 |  |  | — |  |  | 156,473 |
Consumer loan and credit services loss provision |  | 5,057 |  |  | 85 |  |  | — |  |  | 5,142 |
Cost of wholesale scrap jewelry sold |  | 25,400 |  |  | 5,190 |  |  | — |  |  | 30,590 |
Total cost of revenue |  | 137,188 |  |  | 55,017 |  |  | — |  |  | 192,205 |
Net revenue |  | 162,139 |  |  | 62,285 |  |  | — |  |  | 224,424 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 105,521 |  |  | 31,549 |  |  | — |  |  | 137,070 |
Administrative expenses |  | — |  |  | — |  |  | 30,305 |  |  | 30,305 |
Depreciation and amortization |  | 6,421 |  |  | 2,622 |  |  | 5,646 |  |  | 14,689 |
Interest expense |  | — |  |  | — |  |  | 5,585 |  |  | 5,585 |
Interest income |  | — |  |  | — |  |  | (393 | ) |  | (393 | )
Merger and other acquisition expenses |  | — |  |  | — |  |  | 1,606 |  |  | 1,606 |
Loss on extinguishment of debt |  | — |  |  | — |  |  | 14,094 |  |  | 14,094 |
Total expenses and other income |  | 111,942 |  |  | 34,171 |  |  | 56,843 |  |  | 202,956 |
Income before income taxes |  | $ | 50,197 |  |  | $ | 28,114 |  |  | $ | (56,843 | ) |  | $ | 21,468 |
|  | Three Months Ended June 30, 2016
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 47,065 |  |  | $ | 68,478 |  |  | $ | — |  |  | $ | 115,543 |
Pawn loan fees |  | 21,844 |  |  | 30,034 |  |  | — |  |  | 51,878 |
Consumer loan and credit services fees |  | 4,419 |  |  | 497 |  |  | — |  |  | 4,916 |
Wholesale scrap jewelry sales |  | 6,070 |  |  | 3,572 |  |  | — |  |  | 9,642 |
Total revenue |  | 79,398 |  |  | 102,581 |  |  | — |  |  | 181,979 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 29,043 |  |  | 42,302 |  |  | — |  |  | 71,345 |
Consumer loan and credit services loss provision |  | 1,198 |  |  | 122 |  |  | — |  |  | 1,320 |
Cost of wholesale scrap jewelry sold |  | 5,097 |  |  | 2,756 |  |  | — |  |  | 7,853 |
Total cost of revenue |  | 35,338 |  |  | 45,180 |  |  | — |  |  | 80,518 |
Net revenue |  | 44,060 |  |  | 57,401 |  |  | — |  |  | 101,461 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 26,847 |  |  | 27,731 |  |  | — |  |  | 54,578 |
Administrative expenses |  | — |  |  | — |  |  | 16,509 |  |  | 16,509 |
Depreciation and amortization |  | 1,423 |  |  | 2,667 |  |  | 857 |  |  | 4,947 |
Interest expense |  | — |  |  | — |  |  | 4,326 |  |  | 4,326 |
Interest income |  | — |  |  | — |  |  | (224 | ) |  | (224 | )
Merger and other acquisition expenses |  | — |  |  | — |  |  | 4,079 |  |  | 4,079 |
Total expenses and other income |  | 28,270 |  |  | 30,398 |  |  | 25,547 |  |  | 84,215 |
Income before income taxes |  | $ | 15,790 |  |  | $ | 27,003 |  |  | $ | (25,547 | ) |  | $ | 17,246 |
|  | Six Months Ended June 30, 2017
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 358,518 |  |  | $ | 145,298 |  |  | $ | — |  |  | $ | 503,816 |
Pawn loan fees |  | 192,072 |  |  | 58,811 |  |  | — |  |  | 250,883 |
Consumer loan and credit services fees |  | 38,900 |  |  | 849 |  |  | — |  |  | 39,749 |
Wholesale scrap jewelry sales |  | 59,033 |  |  | 10,724 |  |  | — |  |  | 69,757 |
Total revenue |  | 648,523 |  |  | 215,682 |  |  | — |  |  | 864,205 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 230,228 |  |  | 91,880 |  |  | — |  |  | 322,108 |
Consumer loan and credit services loss provision |  | 9,047 |  |  | 187 |  |  | — |  |  | 9,234 |
Cost of wholesale scrap jewelry sold |  | 56,082 |  |  | 9,457 |  |  | — |  |  | 65,539 |
Total cost of revenue |  | 295,357 |  |  | 101,524 |  |  | — |  |  | 396,881 |
Net revenue |  | 353,166 |  |  | 114,158 |  |  | — |  |  | 467,324 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 213,489 |  |  | 60,325 |  |  | — |  |  | 273,814 |
Administrative expenses |  | — |  |  | — |  |  | 63,543 |  |  | 63,543 |
Depreciation and amortization |  | 12,840 |  |  | 5,019 |  |  | 11,073 |  |  | 28,932 |
Interest expense |  | — |  |  | — |  |  | 11,698 |  |  | 11,698 |
Interest income |  | — |  |  | — |  |  | (720 | ) |  | (720 | )
Merger and other acquisition expenses |  | — |  |  | — |  |  | 2,253 |  |  | 2,253 |
Loss on extinguishment of debt |  | — |  |  | — |  |  | 14,094 |  |  | 14,094 |
Total expenses and other income |  | 226,329 |  |  | 65,344 |  |  | 101,941 |  |  | 393,614 |
Income before income taxes |  | $ | 126,837 |  |  | $ | 48,814 |  |  | $ | (101,941 | ) |  | $ | 73,710 |
|  | Six Months Ended June 30, 2016
|  | U.S. Operations |  | Latin America Operations |  | Corporate |  | Consolidated
Revenue: |  |  |  |  |  |  |  |
Retail merchandise sales |  | $ | 102,126 |  |  | $ | 132,193 |  |  | $ | — |  |  | $ | 234,319 |
Pawn loan fees |  | 46,089 |  |  | 57,222 |  |  | — |  |  | 103,311 |
Consumer loan and credit services fees |  | 9,628 |  |  | 974 |  |  | — |  |  | 10,602 |
Wholesale scrap jewelry sales |  | 10,864 |  |  | 6,086 |  |  | — |  |  | 16,950 |
Total revenue |  | 168,707 |  |  | 196,475 |  |  | — |  |  | 365,182 |
Cost of revenue: |  |  |  |  |  |  |  |
Cost of retail merchandise sold |  | 62,710 |  |  | 83,057 |  |  | — |  |  | 145,767 |
Consumer loan and credit services loss provision |  | 2,105 |  |  | 262 |  |  | — |  |  | 2,367 |
Cost of wholesale scrap jewelry sold |  | 8,959 |  |  | 4,765 |  |  | — |  |  | 13,724 |
Total cost of revenue |  | 73,774 |  |  | 88,084 |  |  | — |  |  | 161,858 |
Net revenue |  | 94,933 |  |  | 108,391 |  |  | — |  |  | 203,324 |
Expenses and other income: |  |  |  |  |  |  |  |
Store operating expenses |  | 54,716 |  |  | 55,273 |  |  | — |  |  | 109,989 |
Administrative expenses |  | — |  |  | — |  |  | 33,777 |  |  | 33,777 |
Depreciation and amortization |  | 2,921 |  |  | 5,317 |  |  | 1,646 |  |  | 9,884 |
Interest expense |  | — |  |  | — |  |  | 8,786 |  |  | 8,786 |
Interest income |  | — |  |  | — |  |  | (498 | ) |  | (498 | )
Merger and other acquisition expenses |  | — |  |  | — |  |  | 4,479 |  |  | 4,479 |
Total expenses and other income |  | 57,637 |  |  | 60,590 |  |  | 48,190 |  |  | 166,417 |
Income before income taxes |  | $ | 37,296 |  |  | $ | 47,801 |  |  | $ | (48,190 | ) |  | $ | 36,907 |

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration