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Operating Segment Information | 9 Months Ended
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Jun. 30, 2014
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 and nine-month periods ending June 30, 2014 and 2013, including reclassifications discussed in Note 1 "Organization and Summary of Significant Accounting Policies."
| Three Months Ended June 30, 2014
| U.S. & Canada |  | Latin America |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 74,674 |  |  | $ | 14,496 |  |  | $ | — |  |  | $ | 89,170 |  |  | $ | — |  |  | $ | 89,170 |
Jewelry scrapping sales | 18,909 |  |  | 1,364 |  |  | — |  |  | 20,273 |  |  | — |  |  | 20,273 |
Pawn service charges | 51,894 |  |  | 8,023 |  |  | — |  |  | 59,917 |  |  | — |  |  | 59,917 |
Consumer loan fees and interest | 41,749 |  |  | 14,839 |  |  | 4,556 |  |  | 61,144 |  |  | — |  |  | 61,144 |
Consumer loan sales and other | 531 |  |  | 10,333 |  |  | 12 |  |  | 10,876 |  |  | — |  |  | 10,876 |
Total revenues | 187,757 |  |  | 49,055 |  |  | 4,568 |  |  | 241,380 |  |  | — |  |  | 241,380 |
Merchandise cost of goods sold | 45,927 |  |  | 9,824 |  |  | — |  |  | 55,751 |  |  | — |  |  | 55,751 |
Jewelry scrapping cost of goods sold | 13,894 |  |  | 1,237 |  |  | — |  |  | 15,131 |  |  | — |  |  | 15,131 |
Consumer loan bad debt | 12,894 |  |  | 1,361 |  |  | 2,991 |  |  | 17,246 |  |  | — |  |  | 17,246 |
Net revenues | 115,042 |  |  | 36,633 |  |  | 1,577 |  |  | 153,252 |  |  | — |  |  | 153,252 |
Operating expenses (income): |  |  |  |  |  |  |  |  |  |  |
Operations | 84,553 |  |  | 22,112 |  |  | 2,910 |  |  | 109,575 |  |  | — |  |  | 109,575 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 14,467 |  |  | 14,467 |
Depreciation | 4,305 |  |  | 1,502 |  |  | 80 |  |  | 5,887 |  |  | 1,664 |  |  | 7,551 |
Amortization | 414 |  |  | 329 |  |  | 4 |  |  | 747 |  |  | 893 |  |  | 1,640 |
Loss (gain) on sale or disposal of assets | 129 |  |  | 11 |  |  | (160 | ) |  | (20 | ) |  | (6 | ) |  | (26 | )
Interest expense (income), net | — |  |  | 4,234 |  |  | (2 | ) |  | 4,232 |  |  | 1,841 |  |  | 6,073 |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (2,117 | ) |  | (2,117 | ) |  | — |  |  | (2,117 | )
Other income | (7 | ) |  | (167 | ) |  | — |  |  | (174 | ) |  | (196 | ) |  | (370 | )
Segment contribution | $ | 25,648 |  |  | $ | 8,612 |  |  | $ | 862 |  |  | $ | 35,122 |  |  |  |  |  |  |
Income (loss) from continuing operations before income taxes |  |  |  |  |  |  | $ | 35,122 |  |  | $ | (18,663 | ) |  | $ | 16,459 |
| Three Months Ended June 30, 2013
| U.S. & Canada |  | Latin America |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 71,464 |  |  | $ | 15,112 |  |  | $ | — |  |  | $ | 86,576 |  |  | $ | — |  |  | $ | 86,576 |
Jewelry scrapping sales | 26,288 |  |  | — |  |  | — |  |  | 26,288 |  |  | — |  |  | 26,288 |
Pawn service charges | 52,505 |  |  | 7,892 |  |  | — |  |  | 60,397 |  |  | — |  |  | 60,397 |
Consumer loan fees and interest | 40,279 |  |  | 12,864 |  |  | 6,091 |  |  | 59,234 |  |  | — |  |  | 59,234 |
Consumer loan sales and other | 1,058 |  |  | 1,034 |  |  | 579 |  |  | 2,671 |  |  | — |  |  | 2,671 |
Total revenues | 191,594 |  |  | 36,902 |  |  | 6,670 |  |  | 235,166 |  |  | — |  |  | 235,166 |
Merchandise cost of goods sold | 41,795 |  |  | 9,255 |  |  | — |  |  | 51,050 |  |  | — |  |  | 51,050 |
Jewelry scrapping cost of goods sold | 20,285 |  |  | 92 |  |  | — |  |  | 20,377 |  |  | — |  |  | 20,377 |
Consumer loan bad debt expense | 9,994 |  |  | 685 |  |  | 1,839 |  |  | 12,518 |  |  | — |  |  | 12,518 |
Net revenues | 119,520 |  |  | 26,870 |  |  | 4,831 |  |  | 151,221 |  |  | — |  |  | 151,221 |
Operating expenses (income): |  |  |  |  |  |  |  |  |  |  |
Operations | 84,194 |  |  | 16,513 |  |  | 3,523 |  |  | 104,230 |  |  | — |  |  | 104,230 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 12,644 |  |  | 12,644 |
Depreciation | 4,184 |  |  | 1,420 |  |  | 93 |  |  | 5,697 |  |  | 1,680 |  |  | 7,377 |
Amortization | 721 |  |  | 434 |  |  | 25 |  |  | 1,180 |  |  | 411 |  |  | 1,591 |
Loss on sale or disposal of assets | 174 |  |  | 4 |  |  | — |  |  | 178 |  |  | — |  |  | 178 |
Interest (income) expense, net | (25 | ) |  | 2,790 |  |  | — |  |  | 2,765 |  |  | 872 |  |  | 3,637 |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (4,328 | ) |  | (4,328 | ) |  | — |  |  | (4,328 | )
Other expense | — |  |  | 57 |  |  | — |  |  | 57 |  |  | 39 |  |  | 96 |
Segment contribution | $ | 30,272 |  |  | $ | 5,652 |  |  | $ | 5,518 |  |  | $ | 41,442 |  |  |  |  |  |  |
Income (loss) from continuing operations before income taxes |  |  |  |  |  |  | $ | 41,442 |  |  | $ | (15,646 | ) |  | $ | 25,796 |
| Nine Months Ended June 30, 2014
| U.S. & Canada |  | Latin America |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 253,501 |  |  | $ | 44,710 |  |  | $ | — |  |  | $ | 298,211 |  |  | $ | — |  |  | $ | 298,211 |
Jewelry scrapping sales | 69,531 |  |  | 4,638 |  |  | — |  |  | 74,169 |  |  | — |  |  | 74,169 |
Pawn service charges | 161,117 |  |  | 22,095 |  |  | — |  |  | 183,212 |  |  | — |  |  | 183,212 |
Consumer loan fees and interest | 136,108 |  |  | 43,460 |  |  | 12,690 |  |  | 192,258 |  |  | — |  |  | 192,258 |
Consumer loan sales and other | 2,025 |  |  | 20,520 |  |  | 42 |  |  | 22,587 |  |  | — |  |  | 22,587 |
Total revenues | 622,282 |  |  | 135,423 |  |  | 12,732 |  |  | 770,437 |  |  | — |  |  | 770,437 |
Merchandise cost of goods sold | 153,864 |  |  | 29,332 |  |  | — |  |  | 183,196 |  |  | — |  |  | 183,196 |
Jewelry scrapping cost of goods sold | 51,257 |  |  | 4,005 |  |  | — |  |  | 55,262 |  |  | — |  |  | 55,262 |
Consumer loan bad debt | 37,571 |  |  | 3,206 |  |  | 5,323 |  |  | 46,100 |  |  | — |  |  | 46,100 |
Net revenues | 379,590 |  |  | 98,880 |  |  | 7,409 |  |  | 485,879 |  |  | — |  |  | 485,879 |
Operating expenses (income): |  |  |  |  |  |  |  |  |  |  |
Operations | 261,161 |  |  | 58,580 |  |  | 10,667 |  |  | 330,408 |  |  | — |  |  | 330,408 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 50,244 |  |  | 50,244 |
Depreciation | 12,867 |  |  | 4,411 |  |  | 288 |  |  | 17,566 |  |  | 4,990 |  |  | 22,556 |
Amortization | 1,723 |  |  | 1,553 |  |  | 55 |  |  | 3,331 |  |  | 2,224 |  |  | 5,555 |
(Gain) loss on sale or disposal of assets | (6,630 | ) |  | 15 |  |  | (1 | ) |  | (6,616 | ) |  | 642 |  |  | (5,974 | )
Interest (income) expense, net | (11 | ) |  | 11,628 |  |  | (4 | ) |  | 11,613 |  |  | 4,067 |  |  | 15,680 |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (3,880 | ) |  | (3,880 | ) |  | — |  |  | (3,880 | )
Impairment of investments | — |  |  | — |  |  | 7,940 |  |  | 7,940 |  |  | — |  |  | 7,940 |
Other (income) expense | (7 | ) |  | (208 | ) |  | 346 |  |  | 131 |  |  | 655 |  |  | 786 |
Segment contribution (loss) | $ | 110,487 |  |  | $ | 22,901 |  |  | $ | (8,002 | ) |  | $ | 125,386 |  |  |  |  |  |  |
Income (loss) from continuing operations before income taxes |  |  |  |  |  |  | $ | 125,386 |  |  | $ | (62,822 | ) |  | $ | 62,564 |
| Nine Months Ended June 30, 2013
| U.S. & Canada |  | Latin America |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 237,577 |  |  | $ | 43,685 |  |  | $ | — |  |  | $ | 281,262 |  |  | $ | — |  |  | $ | 281,262 |
Jewelry scrapping sales | 108,777 |  |  | 4,802 |  |  | — |  |  | 113,579 |  |  | — |  |  | 113,579 |
Pawn service charges | 165,202 |  |  | 22,610 |  |  | — |  |  | 187,812 |  |  | — |  |  | 187,812 |
Consumer loan fees and interest | 126,873 |  |  | 36,583 |  |  | 19,663 |  |  | 183,119 |  |  | — |  |  | 183,119 |
Consumer loan sales and other | 5,469 |  |  | 2,880 |  |  | 1,820 |  |  | 10,169 |  |  | — |  |  | 10,169 |
Total revenues | 643,898 |  |  | 110,560 |  |  | 21,483 |  |  | 775,941 |  |  | — |  |  | 775,941 |
Merchandise cost of goods sold | 138,936 |  |  | 25,775 |  |  | — |  |  | 164,711 |  |  | — |  |  | 164,711 |
Jewelry scrapping cost of goods sold | 76,922 |  |  | 4,071 |  |  | — |  |  | 80,993 |  |  | — |  |  | 80,993 |
Consumer loan bad debt expense (benefit) | 27,363 |  |  | (1,024 | ) |  | 8,157 |  |  | 34,496 |  |  | — |  |  | 34,496 |
Net revenues | 400,677 |  |  | 81,738 |  |  | 13,326 |  |  | 495,741 |  |  | — |  |  | 495,741 |
Operating expenses (income): |  |  |  |  |  |  |  |  |  |  |
Operations | 251,593 |  |  | 46,483 |  |  | 11,270 |  |  | 309,346 |  |  | — |  |  | 309,346 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 34,918 |  |  | 34,918 |
Depreciation | 11,905 |  |  | 3,782 |  |  | 263 |  |  | 15,950 |  |  | 5,058 |  |  | 21,008 |
Amortization | 1,490 |  |  | 1,285 |  |  | 74 |  |  | 2,849 |  |  | 772 |  |  | 3,621 |
Loss on sale or disposal of assets | 202 |  |  | 18 |  |  | — |  |  | 220 |  |  | — |  |  | 220 |
Interest expense (income), net | 7 |  |  | 8,205 |  |  | (1 | ) |  | 8,211 |  |  | 2,816 |  |  | 11,027 |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (13,491 | ) |  | (13,491 | ) |  | — |  |  | (13,491 | )
Other (income) expense | (5 | ) |  | (238 | ) |  | (69 | ) |  | (312 | ) |  | 312 |  |  | — |
Segment contribution | $ | 135,485 |  |  | $ | 22,203 |  |  | $ | 15,280 |  |  | $ | 172,968 |  |  |  |  |  |
Income (loss) from continuing operations before income taxes |  |  |  |  |  |  | $ | 172,968 |  |  | $ | (43,876 | ) |  | $ | 129,092 |
The following tables provide geographic information required by ASC 280-10-50-41:
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
| (in thousands)
Revenues: |  |  |  |  |  |  |
U.S. | $ | 184,396 |  |  | $ | 188,524 |  |  | $ | 612,261 |  |  | $ | 634,900 |
Mexico | 49,055 |  |  | 36,902 |  |  | 135,423 |  |  | 110,560 |
Canada | 3,361 |  |  | 3,070 |  |  | 10,021 |  |  | 8,998 |
U.K | 4,568 |  |  | 6,670 |  |  | 12,732 |  |  | 21,483 |
Total | $ | 241,380 |  |  | $ | 235,166 |  |  | $ | 770,437 |  |  | $ | 775,941 |

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