XML 24 R17.htm IDEA: XBRL DOCUMENT ﻿
v2.3.0.11

Operating Segment Information | 9 Months Ended
--- | ---
Jun. 30, 2011
Operating Segment Information [Abstract] |
Operating Segment Information | Note L: Operating Segment Information We manage our business and internal reporting as three reportable segments with operating results reported separately for each segment.
| • |  | The U.S. Pawn Operations segment offers pawn related activities in our 426 U.S. pawn stores, offers signature loans in 43 pawn stores and six EZMONEY stores and offers auto title loans in 44 pawn stores.
| • |  | The Empeño Fácil segment offers pawn related activities in 155 Mexico pawn stores.
| • |  | The EZMONEY Operations segment offers signature loans in 436 U.S. and 60 Canadian financial services stores. The segment also offers auto title loans in 365 of its U.S. stores and buys and sells second-hand goods in three of its Canadian stores.
There are no inter-segment revenues, and the amounts below were determined in accordance with the same accounting principles used in our consolidated financial statements. The following tables present operating segment information (in thousands):
|  | Three Months Ended June 30, |
|  | US Pawn Operations |  |  | Empeño Fácil |  |  | EZMONEY Operations |
|  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merchandise sales |  | $ | 58,168 |  |  | $ | 49,749 |  |  | $ | 6,401 |  |  | $ | 3,529 |  |  | $ | 5 |  |  | $ | — |
Jewelry scrapping sales |  |  | 46,157 |  |  |  | 41,423 |  |  |  | 4,257 |  |  |  | 2,181 |  |  |  | 357 |  |  |  | 169 |
Pawn service charges |  |  | 43,846 |  |  |  | 37,014 |  |  |  | 4,519 |  |  |  | 2,410 |  |  |  | — |  |  |  | — |
Signature loan fees |  |  | 691 |  |  |  | 455 |  |  |  | — |  |  |  | — |  |  |  | 33,504 |  |  |  | 31,841 |
Auto title loan fees |  |  | 352 |  |  |  | 359 |  |  |  | — |  |  |  | — |  |  |  | 4,323 |  |  |  | 4,299 |
Other |  |  | 161 |  |  |  | 105 |  |  |  | 6 |  |  |  | — |  |  |  | 405 |  |  |  | 8 |
Total revenues |  |  | 149,375 |  |  |  | 129,105 |  |  |  | 15,183 |  |  |  | 8,120 |  |  |  | 38,594 |  |  |  | 36,317 |
Merchandise cost of goods sold |  |  | 32,911 |  |  |  | 27,749 |  |  |  | 3,767 |  |  |  | 1,961 |  |  |  | 13 |  |  |  | — |
Jewelry scrapping cost of goods sold |  |  | 28,754 |  |  |  | 27,328 |  |  |  | 3,486 |  |  |  | 1,862 |  |  |  | 197 |  |  |  | 85 |
Signature loan bad debt |  |  | 325 |  |  |  | 159 |  |  |  | — |  |  |  | — |  |  |  | 10,166 |  |  |  | 8,758 |
Auto title loan bad debt |  |  | 69 |  |  |  | 44 |  |  |  | — |  |  |  | — |  |  |  | 467 |  |  |  | 792 |
Net revenues |  |  | 87,316 |  |  |  | 73,825 |  |  |  | 7,930 |  |  |  | 4,297 |  |  |  | 27,751 |  |  |  | 26,682 |
Operations expense |  |  | 44,280 |  |  |  | 39,148 |  |  |  | 5,406 |  |  |  | 2,999 |  |  |  | 17,067 |  |  |  | 15,805 |
Store operating income |  | $ | 43,036 |  |  | $ | 34,677 |  |  | $ | 2,524 |  |  | $ | 1,298 |  |  | $ | 10,684 |  |  | $ | 10,877 |
|  | Nine Months Ended June 30, |
|  | US Pawn Operations |  |  | Empeño Fácil |  |  | EZMONEY Operations |
|  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merchandise sales |  | $ | 196,893 |  |  | $ | 174,060 |  |  | $ | 17,329 |  |  | $ | 10,142 |  |  | $ | 5 |  |  | $ | — |
Jewelry scrapping sales |  |  | 137,221 |  |  |  | 112,660 |  |  |  | 11,363 |  |  |  | 4,550 |  |  |  | 847 |  |  |  | 233 |
Pawn service charges |  |  | 133,355 |  |  |  | 112,211 |  |  |  | 11,589 |  |  |  | 6,316 |  |  |  | — |  |  |  | — |
Signature loan fees |  |  | 1,607 |  |  |  | 1,442 |  |  |  | — |  |  |  | — |  |  |  | 107,757 |  |  |  | 101,174 |
Auto title loan fees |  |  | 1,092 |  |  |  | 1,261 |  |  |  | — |  |  |  | — |  |  |  | 15,196 |  |  |  | 10,455 |
Other |  |  | 420 |  |  |  | 365 |  |  |  | 34 |  |  |  | — |  |  |  | 524 |  |  |  | 8 |
Total revenues |  |  | 470,588 |  |  |  | 401,999 |  |  |  | 40,315 |  |  |  | 21,008 |  |  |  | 124,329 |  |  |  | 111,870 |
Merchandise cost of goods sold |  |  | 112,592 |  |  |  | 101,713 |  |  |  | 10,036 |  |  |  | 6,342 |  |  |  | 13 |  |  |  | — |
Jewelry scrapping cost of goods sold |  |  | 86,979 |  |  |  | 71,635 |  |  |  | 9,201 |  |  |  | 3,911 |  |  |  | 437 |  |  |  | 116 |
Signature loan bad debt |  |  | 583 |  |  |  | 446 |  |  |  | — |  |  |  | — |  |  |  | 25,392 |  |  |  | 21,658 |
Auto title loan bad debt |  |  | 110 |  |  |  | 166 |  |  |  | — |  |  |  | — |  |  |  | 1,710 |  |  |  | 1,450 |
Net revenues |  |  | 270,324 |  |  |  | 228,039 |  |  |  | 21,078 |  |  |  | 10,755 |  |  |  | 96,777 |  |  |  | 88,646 |
Operations expense |  |  | 131,293 |  |  |  | 119,259 |  |  |  | 14,533 |  |  |  | 7,736 |  |  |  | 51,476 |  |  |  | 47,343 |
Store operating income |  | $ | 139,031 |  |  | $ | 108,780 |  |  | $ | 6,545 |  |  | $ | 3,019 |  |  | $ | 45,301 |  |  | $ | 41,303 |
The following table reconciles store operating income as shown above, to our consolidated income before income taxes (in thousands):
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
U.S. Pawn Operations store operating income |  | $ | 43,036 |  |  | $ | 34,677 |  |  | $ | 139,031 |  |  | $ | 108,780 |
Empeño Fácil store operating income |  |  | 2,524 |  |  |  | 1,298 |  |  |  | 6,545 |  |  |  | 3,019 |
EZMONEY Operations store operating income |  |  | 10,684 |  |  |  | 10,877 |  |  |  | 45,301 |  |  |  | 41,303 |
Consolidated store operating income |  |  | 56,244 |  |  |  | 46,852 |  |  |  | 190,877 |  |  |  | 153,102 |
Administrative expenses |  |  | 14,379 |  |  |  | 13,576 |  |  |  | 56,250 |  |  |  | 39,356 |
Depreciation and amortization |  |  | 4,679 |  |  |  | 3,759 |  |  |  | 13,324 |  |  |  | 10,688 |
(Gain) / loss on sale or disposal of assets |  |  | 169 |  |  |  | 734 |  |  |  | (2 | ) |  |  | 1,301 |
Interest income |  |  | (21 | ) |  |  | (135 | ) |  |  | (35 | ) |  |  | (151 | )
Interest expense |  |  | 586 |  |  |  | 311 |  |  |  | 1,186 |  |  |  | 1,071 |
Equity in net income of unconsolidated affiliates |  |  | (4,099 | ) |  |  | (2,930 | ) |  |  | (12,157 | ) |  |  | (7,519 | )
Other |  |  | (103 | ) |  |  | (100 | ) |  |  | (160 | ) |  |  | (103 | )
Consolidated income before income taxes |  | $ | 40,654 |  |  | $ | 31,637 |  |  | $ | 132,471 |  |  | $ | 108,459 |
The following table presents separately identified segment assets (in thousands):
|  | U.S Pawn |  |  | Empeño |  |  | EZMONEY |  |  |  |
|  | Operations |  |  | Fácil |  |  | Operations |  |  | Consolidated |
Assets at June 30, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pawn loans |  | $ | 124,810 |  |  | $ | 9,823 |  |  | $ | — |  |  | $ | 134,633 |
Signature loans, net |  |  | 1,174 |  |  |  | — |  |  |  | 10,915 |  |  |  | 12,089 |
Auto title loans, net |  |  | 757 |  |  |  | — |  |  |  | 1,591 |  |  |  | 2,348 |
Service charges and fees receivable, net |  |  | 23,169 |  |  |  | 1,524 |  |  |  | 6,563 |  |  |  | 31,256 |
Inventory, net |  |  | 70,320 |  |  |  | 8,400 |  |  |  | 311 |  |  |  | 79,031 |
Goodwill |  |  | 159,572 |  |  |  | 7,445 |  |  |  | — |  |  |  | 167,017 |
Total separately identified recorded segment assets |  | $ | 379,802 |  |  | $ | 27,192 |  |  | $ | 19,380 |  |  | $ | 426,374 |
Brokered signature loans outstanding from unaffiliated lenders |  | $ | 168 |  |  | $ | — |  |  | $ | 20,571 |  |  | $ | 20,739 |
Brokered auto title loans outstanding from unaffiliated lenders |  | $ | 152 |  |  | $ | — |  |  | $ | 5,408 |  |  | $ | 5,560 |
Assets at June 30, 2010: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pawn loans |  | $ | 107,419 |  |  | $ | 5,388 |  |  | $ | — |  |  | $ | 112,807 |
Signature loans, net |  |  | 425 |  |  |  | — |  |  |  | 8,490 |  |  |  | 8,915 |
Auto title loans, net |  |  | 638 |  |  |  | — |  |  |  | 2,164 |  |  |  | 2,802 |
Service charges and fees receivable, net |  |  | 19,322 |  |  |  | 813 |  |  |  | 6,571 |  |  |  | 26,706 |
Inventory, net |  |  | 57,176 |  |  |  | 3,819 |  |  |  | 32 |  |  |  | 61,027 |
Goodwill |  |  | 108,606 |  |  |  | 6,964 |  |  |  | — |  |  |  | 115,570 |
Total separately identified recorded segment assets |  | $ | 293,586 |  |  | $ | 16,984 |  |  | $ | 17,257 |  |  | $ | 327,827 |
Brokered signature loans outstanding from unaffiliated lenders |  | $ | 228 |  |  | $ | — |  |  | $ | 21,442 |  |  | $ | 21,670 |
Brokered auto title loans outstanding from unaffiliated lenders |  | $ | 210 |  |  | $ | — |  |  | $ | 5,557 |  |  | $ | 5,767 |
Assets at September 30, 2010: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pawn loans |  | $ | 113,944 |  |  | $ | 7,257 |  |  | $ | — |  |  | $ | 121,201 |
Signature loans, net |  |  | 456 |  |  |  | — |  |  |  | 10,319 |  |  |  | 10,775 |
Auto title loans, net |  |  | 651 |  |  |  | — |  |  |  | 2,494 |  |  |  | 3,145 |
Service charges and fees receivable, net |  |  | 20,830 |  |  |  | 1,053 |  |  |  | 7,177 |  |  |  | 29,060 |
Inventory, net |  |  | 66,542 |  |  |  | 4,935 |  |  |  | 25 |  |  |  | 71,502 |
Goodwill |  |  | 110,255 |  |  |  | 7,050 |  |  |  | — |  |  |  | 117,305 |
Total separately identified recorded segment assets |  | $ | 312,678 |  |  | $ | 20,295 |  |  | $ | 20,015 |  |  | $ | 352,988 |
Brokered signature loans outstanding from unaffiliated lenders |  | $ | 231 |  |  | $ | — |  |  | $ | 22,709 |  |  | $ | 22,940 |
Brokered auto title loans outstanding from unaffiliated lenders |  | $ | 236 |  |  | $ | — |  |  | $ | 6,589 |  |  | $ | 6,825 |
Brokered loans are not recorded as an asset on our balance sheets, as we do not own a participation in the loans made by independent lenders. We monitor the principal balance of these loans, as our credit service fees and bad debt are directly related to their volume due to the letters of credit we issue on these loans. The brokered loan balances shown above are the gross principal balances of the loans outstanding at the specified dates.

X
- 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 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: 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=6534315&loc=d3e8538-108599 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=6534315&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 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: 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=6534315&loc=d3e8864-108599 Reference 6: 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=6534315&loc=d3e8380-108599 Reference 7: 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=6534315&loc=d3e8984-108599 Reference 8: 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=6534315&loc=d3e9038-108599 Reference 9: 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=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: 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=6534315&loc=d3e8906-108599 Reference 12: 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=6534315&loc=d3e8844-108599 Reference 13: 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=6534315&loc=d3e9031-108599 Reference 14: 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=6534315&loc=d3e9054-108599 Reference 15: 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=6534315&loc=d3e8924-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration