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Acquisitions Purchase Price Allocation Table (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Sep. 01, 2016
Jan. 06, 2016
Dec. 31, 2015
Business Acquisition [Line Items]          
Goodwill $ 831,145 $ 831,151     $ 295,609
Revolving unsecured credit facility 0 (232,000)     0
Notes payable assumed in acquisition $ 0 $ (6,630)     $ 0
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     224,548    
Income taxes receivable     25,276    
Other current assets     28,547    
Investment in common stock of Enova International, Inc. [1]     60,785    
Property and equipment     118,199    
Goodwill [2]     519,418    
Intangible assets [3]     103,250    
Other assets     62,994    
Current liabilities     (95,630)    
Customer deposits     (21,536)    
Revolving unsecured credit facility [4]     (232,000)    
Deferred tax liabilities     (27,120)    
Other liabilities     (32,177)    
Aggregate merger consideration     $ 1,066,277    
Latin America Acquisition          
Business Acquisition [Line Items]          
Notes payable assumed in acquisition       $ (6,600)  
[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 $1.3 million and generated net proceeds of $62.1 million.
[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 $223.0 million 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 (dollars in thousands): 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 10) and was terminated upon completion of the Merger.