XML 37 R31.htm IDEA: XBRL DOCUMENT

Operating Segment Information (Tables)

3 Months Ended

Mar. 31, 2012

Operating Segment Information [Abstract]


	Three Months Ended March 31, 2012
	U.S. & Canada		Latin America		Other International			Consolidated
	(In thousands)
Revenues:
Merchandise sales	$	85,498	$	9,499	$	—		$	94,997
Jewelry scrapping sales		49,414		3,761		—			53,175
Pawn service charges		50,505		5,939		—			56,444
Consumer loan fees		42,806		7,383		130			50,319
Other revenues		1,219		124		—			1,343

Total revenues		229,442		26,706		130			256,278

Merchandise cost of goods sold		50,499		5,381		—			55,880
Jewelry scrapping cost of goods sold		29,537		2,773		—			32,310
Consumer loan bad debt		5,878		508		80			6,466

Net revenues		143,528		18,044		50			161,622

Operating expenses:
Store operations		68,890		8,211		168			77,269
Administrative		5,424		4,334		2			9,760
Depreciation and amortization		3,524		2,397		14			5,935
Loss on sale or disposal of assets		25		2		—			27
Interest, net		—		1,769		—			1,769
Equity in net income of unconsolidated affiliates		—		—		(4,577	)		(4,577	)
Other		791		11		—			802

Segment contribution	$	64,874	$	1,320	$	4,443		$	70,637
Corporate expenses									13,394

Income before taxes									57,243
Income tax expense									19,870

Net income									37,373
Net income attributable to redeemable noncontrolling interest									112

Net income attributable to EZCORP, Inc.								$	37,261


	Three Months Ended March 31, 2011
	U.S. & Canada			Latin America			Other International			Consolidated
	(In thousands)
Revenues:
Merchandise sales	$	72,420		$	5,353		$	—		$	77,773
Jewelry scrapping sales		44,351			3,644			—			47,995
Pawn service charges		43,073			3,696			—			46,769
Consumer loan fees		40,472			—			—			40,472
Other revenues		220			25			—			245

Total revenues		200,536			12,718			—			213,254

Merchandise cost of goods sold		41,484			3,155			—			44,639
Jewelry scrapping cost of goods sold		28,848			3,077			—			31,925
Consumer loan bad debt		5,740			—			—			5,740

Net revenues		124,464			6,486			—			130,950

Operating expenses:
Store operations		61,196			4,849			—			66,045
Administrative		4,407			1,079			27			5,513
Depreciation and amortization		2,885			678			—			3,563
Gain on sale or disposal of assets		(178	)		—			—			(178	)
Interest, net		—			1			—			1
Equity in net income of unconsolidated affiliates		—			—			(4,691	)		(4,691	)
Other		3			1			—			4

Segment contribution	$	56,151		$	(122	)	$	4,664		$	60,693
Corporate expenses											11,411

Income before taxes											49,282
Income tax expense											17,444

Net income											31,838
Net income attributable to redeemable noncontrolling interest											—

Net income attributable to EZCORP, Inc.										$	31,838


	Six Months Ended March 31, 2012
	U.S. & Canada			Latin America		Other International			Consolidated
	(In thousands)
Revenues:
Merchandise sales	$	162,050		$	19,841	$	—		$	181,891
Jewelry scrapping sales		102,280			7,298		—			109,578
Pawn service charges		104,875			11,361		—			116,236
Consumer loan fees		87,818			7,383		206			95,407
Other revenues		1,795			244		—			2,039

Total revenues		458,818			46,127		206			505,151

Merchandise cost of goods sold		93,950			10,326		—			104,276
Jewelry scrapping cost of goods sold		62,687			5,047		—			67,734
Consumer loan bad debt		16,768			508		215			17,491

Net revenues		285,413			30,246		(9	)		315,650

Operating expenses:
Store operations		137,215			14,209		346			151,770
Administrative		11,871			5,629		422			17,922
Depreciation and amortization		6,771			3,174		36			9,981
(Gain) loss on sale or disposal of assets		(175	)		1		—			(174	)
Interest, net		4			1,733		—			1,737
Equity in net income of unconsolidated affiliates		—			—		(8,738	)		(8,738	)
Other		(269	)		16		(64	)		(317	)

Segment contribution	$	129,996		$	5,484	$	7,989		$	143,469
Corporate expenses										26,735

Income before taxes										116,734
Income tax expense										40,009

Net income										76,725
Net income attributable to redeemable noncontrolling interest										112

Net income attributable to EZCORP, Inc.									$	76,613


	Six Months Ended March 31, 2011
	U.S. & Canada			Latin America		Other International			Consolidated
	(In thousands)
Revenues:
Merchandise sales	$	138,725		$	10,928	$	—		$	149,653
Jewelry scrapping sales		91,554			7,106		—			98,660
Pawn service charges		89,509			7,070		—			96,579
Consumer loan fees		86,782			—		—			86,782
Other revenues		378			28		—			406

Total revenues		406,948			25,132		—			432,080

Merchandise cost of goods sold		79,681			6,269		—			85,950
Jewelry scrapping cost of goods sold		58,465			5,715		—			64,180
Consumer loan bad debt		16,768			—		—			16,768

Net revenues		252,034			13,148		—			265,182

Operating expenses:
Store operations		121,422			9,127		—			130,549
Administrative		9,810			2,016		52			11,878
Depreciation and amoritzation		5,602			1,281		—			6,883
(Gain) loss on sale or disposal of assets		(172	)		1		—			(171	)
Interest, net		—			2		—			2
Equity in net income of unconsolidated affiliates		—			—		(8,058	)		(8,058	)
Other		3			1		(61	)		(57	)

Segment contribution	$	115,369		$	720	$	8,067		$	124,156
Corporate expenses										32,339

Income before taxes										91,817
Income tax expense										32,550

Net income										59,267
Net income attributable to redeemable noncontrolling interest										—

Net income attributable to EZCORP, Inc.									$	59,267

Separately identified segment assets


	U.S. & Canada		Latin America		Other International		Consolidated
	(In thousands)
Assets at March 31, 2012:
Pawn loans, net	$	108,804	$	13,501	$	—	$	122,305
Consumer loans, net		14,072		62,579		87		76,738
Service charges and fees receivable, net		25,886		20,933		28		46,847
Inventory, net		77,190		10,701		—		87,891
Property and equipment, net		57,241		19,180		—		76,421
Goodwill		213,967		106,725		—		320,692

Total separately identified recorded segment assets	$	497,160	$	233,619	$	115	$	730,894

Consumer loans outstanding from unaffiliated lenders	$	20,056	$	—	$	—	$	20,056

Assets at March 31, 2011:
Pawn loans, net	$	97,375	$	9,150	$	—	$	106,525
Consumer loans, net		11,948		—		—		11,948
Service charges and fees receivable, net		24,647		1,355		—		26,002
Inventory, net		63,242		7,033		—		70,275
Property and equipment, net		46,155		11,925		—		58,080
Goodwill		136,039		7,365		—		143,404

Total separately identified recorded segment assets	$	379,406	$	36,828	$	—	$	416,234

Consumer loans outstanding from unaffiliated lenders	$	21,504	$	—	$	—	$	21,504

Assets at September 30, 2011:
Pawn loans, net	$	134,457	$	10,861	$	—	$	145,318
Consumer loans, net		14,611		—		—		14,611
Service charges and fees receivable, net		31,567		1,663		—		33,230
Inventory, net		81,859		8,514		—		90,373
Property and equipment, net		51,469		12,769		—		64,238
Goodwill		163,897		9,309		—		173,206

Total separately identified recorded segment assets	$	477,860	$	43,116	$	—	$	520,976

Consumer loans outstanding from unaffiliated lenders	$	27,040	$	—	$	—	$	27,040

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details