XML 29 R25.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Operating Segment Information | 12 Months Ended
--- | ---
Sep. 30, 2011
Operating Segment Information [Abstract] |
Operating Segment Information | Note R: 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 433 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 178 Mexico pawn stores.
| • |  | The EZMONEY Operations segment offers signature loans in 430 U.S. and 64 Canadian financial services stores. The segment offers auto title loans in 397 of its U.S. stores and buys and sells second-hand goods 15 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:
|  | U.S. Pawn |  |  | Empeño |  |  | EZMONEY |  |  |  |
|  | Operations |  |  | Fácil |  |  | Operations |  |  | Consolidated |
|  | (In thousands) |
Year Ended September 30, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merchandise Sales |  | $ | 256,643 |  |  | $ | 25,237 |  |  | $ | 203 |  |  | $ | 282,083 |
Jewelry Scrapping Sales |  |  | 195,276 |  |  |  | 15,997 |  |  |  | 1,206 |  |  |  | 212,479 |
Pawn service charges |  |  | 184,234 |  |  |  | 16,901 |  |  |  | — |  |  |  | 201,135 |
Signature loan fees |  |  | 2,501 |  |  |  | — |  |  |  | 147,749 |  |  |  | 150,250 |
Auto title loan fees |  |  | 1,539 |  |  |  | — |  |  |  | 20,162 |  |  |  | 21,701 |
Other |  |  | 634 |  |  |  | 122 |  |  |  | 913 |  |  |  | 1,669 |
Total revenues |  |  | 640,827 |  |  |  | 58,257 |  |  |  | 170,233 |  |  |  | 869,317 |
Merchandise cost of goods sold |  |  | 147,239 |  |  |  | 14,672 |  |  |  | 149 |  |  |  | 162,060 |
Jewelry scrapping cost of goods sold |  |  | 120,767 |  |  |  | 12,205 |  |  |  | 588 |  |  |  | 133,560 |
Signature loan bad debt |  |  | 923 |  |  |  | — |  |  |  | 35,405 |  |  |  | 36,328 |
Auto title loan bad debt |  |  | 165 |  |  |  | — |  |  |  | 2,266 |  |  |  | 2,431 |
Net revenues |  |  | 371,733 |  |  |  | 31,380 |  |  |  | 131,825 |  |  |  | 534,938 |
Operations expense |  |  | 177,191 |  |  |  | 20,636 |  |  |  | 69,225 |  |  |  | 267,052 |
Store operating income |  | $ | 194,542 |  |  | $ | 10,744 |  |  | $ | 62,600 |  |  | $ | 267,886 |
|  | U.S. Pawn |  |  | Empeño |  |  | EZMONEY |  |  |  |
|  | Operations |  |  | Fácil |  |  | Operations |  |  | Consolidated |
|  | (In thousands) |
Year Ended September 30, 2010: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merchandise Sales |  | $ | 226,424 |  |  | $ | 14,030 |  |  | $ | — |  |  | $ | 240,454 |
Jewelry scrapping Sales |  |  | 163,667 |  |  |  | 7,389 |  |  |  | 355 |  |  |  | 171,411 |
Pawn service charges |  |  | 154,505 |  |  |  | 9,190 |  |  |  | — |  |  |  | 163,695 |
Signature loan fees |  |  | 1,930 |  |  |  | — |  |  |  | 137,385 |  |  |  | 139,315 |
Auto title loan fees |  |  | 1,659 |  |  |  | — |  |  |  | 16,048 |  |  |  | 17,707 |
Other |  |  | 442 |  |  |  | — |  |  |  | 21 |  |  |  | 463 |
Total revenues |  |  | 548,627 |  |  |  | 30,609 |  |  |  | 153,809 |  |  |  | 733,045 |
Merchandise cost of goods sold |  |  | 131,825 |  |  |  | 8,459 |  |  |  | — |  |  |  | 140,284 |
Jewelry scrapping cost of goods sold |  |  | 104,531 |  |  |  | 6,137 |  |  |  | 170 |  |  |  | 110,838 |
Signature loan bad debt |  |  | 641 |  |  |  | — |  |  |  | 31,068 |  |  |  | 31,709 |
Auto title loan bad debt |  |  | 236 |  |  |  | — |  |  |  | 2,499 |  |  |  | 2,735 |
Net revenues |  |  | 311,394 |  |  |  | 16,013 |  |  |  | 120,072 |  |  |  | 447,479 |
Operations expense |  |  | 161,145 |  |  |  | 11,658 |  |  |  | 63,861 |  |  |  | 236,664 |
Store operating income |  | $ | 150,249 |  |  | $ | 4,355 |  |  | $ | 56,211 |  |  | $ | 210,815 |
Year Ended September 30, 2009: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merchandise Sales |  | $ | 202,250 |  |  | $ | 8,751 |  |  | $ | — |  |  | $ | 211,001 |
Jewelry scrap Sales |  |  | 117,013 |  |  |  | 1,900 |  |  |  | 9 |  |  |  | 118,922 |
Pawn service charges |  |  | 124,396 |  |  |  | 5,773 |  |  |  | — |  |  |  | 130,169 |
Signature loan fees |  |  | 2,293 |  |  |  | — |  |  |  | 131,051 |  |  |  | 133,344 |
Auto title loan fees |  |  | 1,313 |  |  |  | — |  |  |  | 2,276 |  |  |  | 3,589 |
Other |  |  | 431 |  |  |  | — |  |  |  | — |  |  |  | 431 |
Total revenues |  |  | 447,696 |  |  |  | 16,424 |  |  |  | 133,336 |  |  |  | 597,456 |
Merchandise cost of goods sold |  |  | 121,170 |  |  |  | 5,392 |  |  |  | — |  |  |  | 126,562 |
Jewelry scraping cost of goods sold |  |  | 75,744 |  |  |  | 1,277 |  |  |  | 6 |  |  |  | 77,027 |
Signature loan bad debt |  |  | 828 |  |  |  | — |  |  |  | 32,725 |  |  |  | 33,553 |
Auto title loan bad debt |  |  | 124 |  |  |  | — |  |  |  | 256 |  |  |  | 380 |
Net revenues |  |  | 249,830 |  |  |  | 9,755 |  |  |  | 100,349 |  |  |  | 359,934 |
Operations expense |  |  | 140,525 |  |  |  | 5,833 |  |  |  | 59,879 |  |  |  | 206,237 |
Store operating income |  | $ | 109,305 |  |  | $ | 3,922 |  |  | $ | 40,470 |  |  | $ | 153,697 |
The following table reconciles store operating income, as shown above, to our consolidated income before income taxes:
|  | Fiscal Years Ended September 30, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  |  |  |  |  | (In thousands) |  |  |  |  |
Consolidated store operating income |  | $ | 267,886 |  |  | $ | 210,815 |  |  | $ | 153,697 |
Administrative expenses |  |  | 75,270 |  |  |  | 52,740 |  |  |  | 40,497 |
Depreciation and amortization |  |  | 18,344 |  |  |  | 14,661 |  |  |  | 12,746 |
(Gain) / loss on sale or disposal of assets |  |  | 309 |  |  |  | 1,528 |  |  |  | (1,024 | )
Interest income |  |  | (37 | ) |  |  | (186 | ) |  |  | (281 | )
Interest expense |  |  | 1,690 |  |  |  | 1,385 |  |  |  | 1,425 |
Equity in net income of unconsolidated affiliates |  |  | (16,237 | ) |  |  | (10,750 | ) |  |  | (5,016 | )
Other |  |  | (164 | ) |  |  | (93 | ) |  |  | 38 |
Consolidated income before income taxes |  | $ | 188,711 |  |  | $ | 151,530 |  |  | $ | 105,312 |
The following table presents separately identified segment assets:
|  | U.S. Pawn |  |  | Empeño |  |  | EZMONEY |  |  |  |
|  | Operations |  |  | Fácil |  |  | Operations |  |  | Consolidated |
|  | (In thousands) |
Assets at September 30, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pawn loans |  | $ | 134,457 |  |  | $ | 10,861 |  |  | $ | — |  |  | $ | 145,318 |
Signature loans, net |  |  | 990 |  |  |  | — |  |  |  | 10,399 |  |  |  | 11,389 |
Auto title loans, net |  |  | 930 |  |  |  | — |  |  |  | 2,292 |  |  |  | 3,222 |
Service charges and fees receivable, net |  |  | 25,148 |  |  |  | 1,663 |  |  |  | 6,419 |  |  |  | 33,230 |
Inventory, net |  |  | 81,257 |  |  |  | 8,514 |  |  |  | 602 |  |  |  | 90,373 |
Goodwill |  |  | 163,897 |  |  |  | 9,309 |  |  |  | — |  |  |  | 173,206 |
Total separately identified recorded segment assets |  | $ | 406,679 |  |  | $ | 30,347 |  |  | $ | 19,712 |  |  | $ | 456,738 |
Brokered signature loans outstanding from unaffiliated lenders |  | $ | 206 |  |  | $ | — |  |  | $ | 20,767 |  |  | $ | 20,973 |
Brokered auto title loans outstanding from unaffiliated lenders |  | $ | 175 |  |  | $ | — |  |  | $ | 5,892 |  |  | $ | 6,067 |
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 |
Assets at September 30, 2009: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pawn loans |  | $ | 98,099 |  |  | $ | 3,585 |  |  | $ | — |  |  | $ | 101,684 |
Signature loans, net |  |  | 453 |  |  |  | — |  |  |  | 7,904 |  |  |  | 8,357 |
Auto title loans, net |  |  | 685 |  |  |  | — |  |  |  | 978 |  |  |  | 1,663 |
Service charges and fees receivable, net |  |  | 17,910 |  |  |  | 513 |  |  |  | 5,892 |  |  |  | 24,315 |
Inventory, net |  |  | 61,196 |  |  |  | 2,804 |  |  |  | 1 |  |  |  | 64,001 |
Goodwill |  |  | 94,192 |  |  |  | 6,527 |  |  |  | — |  |  |  | 100,719 |
Total separately identified recorded segment assets |  | $ | 272,535 |  |  | $ | 13,429 |  |  | $ | 14,775 |  |  | $ | 300,739 |
Brokered signature loans outstanding from unaffiliated lenders |  | $ | 278 |  |  | $ | — |  |  | $ | 22,706 |  |  | $ | 22,984 |
Brokered auto title loans outstanding from unaffiliated lenders |  | $ | 276 |  |  | $ | — |  |  | $ | 1,910 |  |  | $ | 2,186 |
Brokered loans are not recorded as an asset on our balance sheet, as we do not own a participation in the loans made by unaffiliated 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 balance shown above is the gross principal balance of the loans outstanding. The following table reconciles separately identified recorded segment assets, as shown above, to our consolidated total assets:
|  | September 30, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (In thousands) |
Total separately identified recorded segment assets |  | $ | 456,738 |  |  | $ | 352,988 |  |  | $ | 300,739 |
Corporate assets |  |  | 299,712 |  |  |  | 253,424 |  |  |  | 191,778 |
Total assets |  | $ | 756,450 |  |  | $ | 606,412 |  |  | $ | 492,517 |

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