XML 47 R22.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Supplemental Consolidated Financial Information | 3 Months Ended
--- | ---
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION | NOTE 15: SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION Supplemental Condensed Consolidated Balance Sheets Information The following table provides information on net amounts included in pawn service charges receivable, consumer loan fees and interest receivable, inventory, receivables, prepaid expenses and other current assets and property and equipment:
| December 31, |  | September 30,
| 2014 |  | 2013 |  | 2014
| (in thousands)
Pawn service charges receivable, net: |  |  |  |  |
Gross pawn service charges receivable | $ | 38,568 |  |  | $ | 38,571 |  |  | $ | 41,351 |
Allowance for uncollectible pawn service charges receivable | (8,327 | ) |  | (7,729 | ) |  | (10,307 | )
Total | $ | 30,241 |  |  | $ | 30,842 |  |  | $ | 31,044 |
Consumer loan fees and interest receivable, net: |  |  |  |  |
Gross consumer loan fees and interest receivable | $ | 36,683 |  |  | $ | 43,215 |  |  | $ | 39,333 |
Allowance for uncollectible consumer loan fees and interest receivable | (8,328 | ) |  | (3,034 | ) |  | (8,680 | )
Total | $ | 28,355 |  |  | $ | 40,181 |  |  | $ | 30,653 |
Inventory, net: |  |  |  |  |
Inventory, gross | $ | 144,442 |  |  | $ | 147,975 |  |  | $ | 154,218 |
Inventory reserves | (10,456 | ) |  | (5,264 | ) |  | (14,799 | )
Total | $ | 133,986 |  |  | $ | 142,711 |  |  | $ | 139,419 |
Receivables, prepaid expenses and other current assets: |  |  |  |  |
Receivable from sale of long-term consumer loan portfolio | $ | — |  |  | $ | — |  |  | $ | 43,780 |
Other receivables, prepaid expenses and other current assets | 34,195 |  |  | 42,895 |  |  | 33,179 |
Total | $ | 34,195 |  |  | $ | 42,895 |  |  | $ | 76,959 |
Property and equipment, net: |  |  |  |  |
Property and equipment, gross | $ | 241,419 |  |  | $ | 225,634 |  |  | $ | 237,183 |
Accumulated depreciation | (137,066 | ) |  | (111,095 | ) |  | (131,283 | )
Total | $ | 104,353 |  |  | $ | 114,539 |  |  | $ | 105,900 |
During the quarter ended December 31, 2013, we sold seven U.S. pawn stores (three in Louisiana, two in Mississippi, one in Alabama and one in Florida) for $11.0 million, of which $10.0 million was paid in cash and $1.0 million with a 14% promissory note due on December 31, 2018. The carrying value of the stores' net assets amounted to $3.7 million, primarily consisting of $1.5 million of pawn loans, $1.9 million of inventory, and $0.4 million of pawn service charge receivable, offset by $0.1 million of assumed liabilities. During the quarter ended December 31, 2013 we realized a gain of $6.3 million, which is included under the (gain) loss on sale or disposal of assets in the condensed consolidated statement of operations. In addition, we recorded a deferred gain of $0.7 million. Other Supplemental Information We issue letters of credit ("LOC") to enhance the creditworthiness of our customers seeking unsecured loans from unaffiliated lenders. The letters of credit assure the lenders that if borrowers default on the loans, we will pay the lenders, upon demand, the principal and accrued interest owed to the lenders by the borrowers plus any insufficient funds fees. In addition we post as cash collateral a specified percentage of the maximum exposure for LOC losses. Our current carrying value of cash collateral and other assets is included in "Receivables, prepaid expenses and other current assets" in our condensed consolidated balance sheets. Expected LOC losses and accounts payable are included in "Accounts payable and other accrued expenses" in our condensed consolidated balance sheets. Maximum exposure for losses on letters of credit if all brokered loans defaulted and none was collected including the portion of that exposure secured by titles to customers' automobiles, not included in our condensed consolidated balance sheets, is summarized below.
| December 31, |  | September 30,
| 2014 |  | 2013 |  | 2014
| (in thousands)
Consumer loans: |  |  |  |  |
Cash collateral and other assets | $ | 9,063 |  |  | $ | 11,840 |  |  | $ | 9,135 |
Expected LOC losses | 3,297 |  |  | 3,041 |  |  | 4,708 |
Accounts payable | 1,113 |  |  | 1,355 |  |  | 1,026 |
Maximum exposure for LOC losses* | 28,132 |  |  | 35,592 |  |  | 29,502 |
* These amounts are not recorded in our condensed consolidated balance sheets. Of the total maximum exposure for LOC losses as of December 31, 2014 and 2013, and September 30, 2014, $8.2 million, $9.9 million and $7.8 million, respectively, was secured by titles to customers' automobiles.

X
- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
Name: | us-gaap_AdditionalFinancialInformationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration