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Operating Segment Information | 3 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
OPERATING SEGMENT INFORMATION | NOTE 12: OPERATING SEGMENT INFORMATION Segment information is prepared on the same basis that our management reviews financial information for operational decision-making purposes. We currently report our segments as follows:
• | U.S. & Canada — All business activities in the United States and Canada
• | Latin America — All business activities in Mexico and other parts of Latin America
• | Other International — All business activities in the rest of the world (currently consisting of Cash Genie online lending business in the United Kingdom and our equity interests in the results of operations of Albemarle & Bond and Cash Converters International)
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 for the three months ending December 31, 2013 and 2012, including reclassifications discussed in Note 1 "Organization and Summary of Significant Accounting Policies."
| Three Months Ended December 31, 2013
| U.S. & Canada |  | Latin America |  | Other International |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |
Merchandise sales | $ | 88,890 |  |  | $ | 16,697 |  |  | $ | — |  |  | $ | 105,587 |
Jewelry scrapping sales | 25,925 |  |  | 1,778 |  |  | — |  |  | 27,703 |
Pawn service charges | 57,069 |  |  | 7,064 |  |  | — |  |  | 64,133 |
Consumer loan fees and interest | 48,702 |  |  | 14,293 |  |  | 3,334 |  |  | 66,329 |
Other revenues | 485 |  |  | 5,122 |  |  | (2 | ) |  | 5,605 |
Total revenues | 221,071 |  |  | 44,954 |  |  | 3,332 |  |  | 269,357 |
Merchandise cost of goods sold | 53,047 |  |  | 10,541 |  |  | — |  |  | 63,588 |
Jewelry scrapping cost of goods sold | 18,570 |  |  | 1,450 |  |  | — |  |  | 20,020 |
Consumer loan bad debt | 15,556 |  |  | 1,391 |  |  | 1,485 |  |  | 18,432 |
Net revenues | 133,898 |  |  | 31,572 |  |  | 1,847 |  |  | 167,317 |
Segment expenses (income): |  |  |  |  |  |  |
Operations | 90,682 |  |  | 18,382 |  |  | 3,705 |  |  | 112,769 |
Depreciation | 4,267 |  |  | 1,459 |  |  | 103 |  |  | 5,829 |
Amortization | 652 |  |  | 617 |  |  | 26 |  |  | 1,295 |
(Gain) loss on sale or disposal of assets | (6,318 | ) |  | 6 |  |  | — |  |  | (6,312 | )
Interest expense (income), net | 5 |  |  | 3,148 |  |  | (2 | ) |  | 3,151 |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (1,271 | ) |  | (1,271 | )
Other income | — |  |  | (30 | ) |  | (29 | ) |  | (59 | )
Segment contribution (loss) | $ | 44,610 |  |  | $ | 7,990 |  |  | $ | (685 | ) |  | $ | 51,915 |
Corporate expenses (income): |  |  |  |  |  |  |
Administrative |  |  |  |  |  |  | 15,745 |
Depreciation |  |  |  |  |  |  | 1,637 |
Amortization |  |  |  |  |  |  | 645 |
Loss on sale or disposal of assets |  |  |  |  |  |  | 22 |
Interest expense, net |  |  |  |  |  |  | 1,181 |
Other income |  |  |  |  |  |  | (109 | )
Income from continuing operations before income taxes |  |  |  |  |  |  | 32,794 |
Income tax expense |  |  |  |  |  |  | 9,881 |
Income from continuing operations, net of tax |  |  |  |  |  |  | 22,913 |
Income from discontinued operations, net of tax |  |  |  |  |  |  | 1,482 |
Net income |  |  |  |  |  |  | 24,395 |
Net income from continuing operations attributable to redeemable noncontrolling interest |  |  |  | 1,826 |
Net income attributable to EZCORP, Inc. |  |  |  |  |  |  | $ | 22,569 |
| Three Months Ended December 31, 2012
| U.S. & Canada |  | Latin America |  | Other International |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |
Merchandise sales | $ | 79,704 |  |  | $ | 14,900 |  |  | $ | — |  |  | $ | 94,604 |
Jewelry scrapping sales | 41,988 |  |  | 2,721 |  |  | — |  |  | 44,709 |
Pawn service charges | 58,197 |  |  | 7,203 |  |  | — |  |  | 65,400 |
Consumer loan fees and interest | 44,328 |  |  | 11,877 |  |  | 6,929 |  |  | 63,134 |
Other revenues | 2,791 |  |  | 1,641 |  |  | 382 |  |  | 4,814 |
Total revenues | 227,008 |  |  | 38,342 |  |  | 7,311 |  |  | 272,661 |
Merchandise cost of goods sold | 46,322 |  |  | 8,623 |  |  | — |  |  | 54,945 |
Jewelry scrapping cost of goods sold | 29,074 |  |  | 2,231 |  |  | — |  |  | 31,305 |
Consumer loan bad debt expense (benefit) | 10,928 |  |  | (1,048 | ) |  | 3,641 |  |  | 13,521 |
Net revenues | 140,684 |  |  | 28,536 |  |  | 3,670 |  |  | 172,890 |
Segment expenses (income): |  |  |  |  |  |  |
Operations | 84,572 |  |  | 14,635 |  |  | 4,078 |  |  | 103,285 |
Depreciation | 3,691 |  |  | 1,105 |  |  | 71 |  |  | 4,867 |
Amortization | 147 |  |  | 435 |  |  | 26 |  |  | 608 |
Loss on sale or disposal of assets | 29 |  |  | — |  |  | — |  |  | 29 |
Interest expense, net | 17 |  |  | 2,613 |  |  | — |  |  | 2,630 |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (5,038 | ) |  | (5,038 | )
Other (income) expense | (4 | ) |  | 20 |  |  | (69 | ) |  | (53 | )
Segment contribution | $ | 52,232 |  |  | $ | 9,728 |  |  | $ | 4,602 |  |  | $ | 66,562 |
Corporate expenses: |  |  |  |  |  |  |
Administrative |  |  |  |  |  |  | 13,671 |
Depreciation |  |  |  |  |  |  | 1,693 |
Amortization |  |  |  |  |  |  | 106 |
Interest expense, net |  |  |  |  |  |  | 1,007 |
Other income |  |  |  |  |  |  | (448 | )
Income from continuing operations before income taxes |  |  |  |  |  |  | 50,533 |
Income tax expense |  |  |  |  |  |  | 16,672 |
Income from continuing operations, net of tax |  |  |  |  |  |  | 33,861 |
Loss from discontinued operations, net of tax |  |  |  |  |  |  | (1,706 | )
Net income |  |  |  |  |  |  | 32,155 |
Net income from continuing operations attributable to redeemable noncontrolling interest |  |  |  | 1,438 |
Net income attributable to EZCORP, Inc. |  |  |  |  |  |  | $ | 30,717 |
The following tables provide geographic information required by ASC 280-10-50-41:
| Three Months Ended December 31,
| 2013 |  | 2012
| (in thousands)
Revenues: |  |  |
U.S. | $ | 217,486 |  |  | $ | 224,035 |
Mexico | 44,954 |  |  | 38,342 |
Canada | 3,585 |  |  | 2,973 |
U.K | 3,332 |  |  | 7,311 |
Total | $ | 269,357 |  |  | $ | 272,661 |

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- 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 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 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 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=6534315&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 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: 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 11: 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 Reference 12: 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 13: 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 14: 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 15: 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 + Details
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