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Derivative Instruments and Hedging Activities | 9 Months Ended
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Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | NOTE 15: DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Derivative Instruments Discontinued as Cash Flow Hedging Instruments During the quarter ended June 30, 2013, Grupo Finmart completed a $30.0 million cross-border debt offering for which it has to pay interest on a semiannual basis at a fixed rate. Grupo Finmart uses derivative instruments (the "foreign currency forwards") to manage its exposure related to changes in the foreign currency exchange rate on this instrument through its maturity on November 16, 2015. Grupo Finmart does not enter into derivative instruments for any purpose other than cash flow hedging. At the beginning of the quarter ended December 31, 2014, we discontinued hedge accounting for our foreign currency forwards due to a determination that repayment of the $30.0 million cross-border debt was to occur prior to maturity. As such, not all of the forecasted interest payments are expected to occur, resulting in the discontinuance of hedge accounting. Further, Grupo Finmart repaid $17.5 million of the outstanding cross-border debt and received proceeds of $2.3 million from settlement of the portion of the foreign currency forwards attributable to the repaid cross-border debt during the quarter ended December 31, 2014. Whenever hedge accounting is discontinued and the derivative remains outstanding, we continue to carry the derivative at its fair value on our condensed consolidated balance sheets and recognize any gains and losses currently in accumulated other comprehensive income attributable to any repaid portion of the hedged item in addition to any subsequent changes in the fair value of the derivative under "Other expense" in our condensed consolidated statements of operations. We amortize the gains and losses currently in accumulated other comprehensive income attributable to any remaining outstanding portion of the hedged item to earnings under "Other expense" in our condensed consolidated statements of operations over the remaining term of the outstanding hedged item. Prior to the discontinuance of hedge accounting, changes in the fair value of the foreign currency forwards designated as hedging instruments that effectively offset the variability of cash flows associated with the exchange rate were reported in accumulated other comprehensive income. These amounts subsequently were reclassified into earnings in the same period or periods during which the hedged transaction affected earnings. The following tables set forth certain information regarding our derivative instruments discontinued as cash flow hedging instruments:
|  |  |  | Fair Value of Derivative Instruments
Derivative Instrument |  | Balance Sheet Location |  | June 30, 2015 |  | June 30, 2014 |  | September 30, 2014
|  |  |  | (in thousands)
Foreign currency forwards — assets |  | Receivables, prepaid expenses and other current assets |  | $ | 2,833 |  |  | $ | 1,496 |  |  | $ | 2,420 |
|  |  |  | Amount of Loss Recognized in Other Comprehensive Income on Derivatives
|  |  |  | Three Months Ended June 30, |  | Nine Months Ended June 30,
Derivative Instrument |  | 2015 |  | 2014 |  | 2015 |  | 2014
|  |  |  | (in thousands)
Foreign currency forwards |  | $ | — |  |  | $ | 497 |  |  | $ | — |  |  | $ | 1,169 |
|  |  |  | Amount of Loss on Derivatives Reclassified into Income from Accumulated Other Comprehensive Income
|  |  |  | Three Months Ended June 30, |  | Nine Months Ended June 30,
Derivative Instrument |  | Income Statement Location |  | 2015 |  | 2014 |  | 2015 |  | 2014
|  |  |  | (in thousands)
Foreign currency forwards |  | Other expense |  | $ | 35 |  |  | $ | 272 |  |  | $ | 422 |  |  | $ | 814 |
Derivative Instruments Not Designated as Hedging Instruments During the nine-month periods ended June 30, 2015 and 2014 and the fiscal year ended September 30, 2014, Grupo Finmart entered into a cross currency forward contract in connection with the formation of the VIEs and the related transfers of certain loans as described in Note 17. The Company guarantees the future cash outflows of the forward contract, which is included in the Company’s consolidated balance sheets and adjusted to fair value each reporting period through earnings. As described in Note 7, in June 2014 we issued and settled $200.0 million aggregate principal amount of Cash Convertible Notes. We granted the initial purchasers the option to purchase up to an additional $30.0 million aggregate principal amount of Cash Convertible Notes. On June 27, 2014, such option was exercised in full. On July 2, 2014, the purchase of the additional $30.0 million of Cash Convertible Notes was settled. The conversion feature of the Cash Convertible Notes can only be settled in cash and is required to be bifurcated from the Cash Convertible Notes and treated as a separate derivative instrument. In order to offset the cash flow risk associated with the Cash Convertible Notes Embedded Derivative, we purchased Cash Convertible Notes Hedges, which are accounted for as derivative instruments. The Cash Convertible Notes Embedded Derivative and the Cash Convertible Notes Hedges are adjusted to fair value each reporting period and unrealized gains and losses are reflected in the condensed consolidated statements of operations. We expect that the realized gain or loss from the Cash Convertible Notes Hedges will substantially offset the realized loss or gain of the Cash Convertible Notes Embedded Derivative upon maturity of the Cash Convertible Notes. See Note 14 for additional information regarding the fair values of the Cash Convertible Notes Embedded Derivative and the Cash Convertible Notes Hedges. The following tables set forth certain information regarding our derivative instruments not designated as hedging instruments:
|  |  |  | Fair Value Asset (Liability) of Derivative Instruments
Derivative Instrument |  | Balance Sheet Location |  | June 30, 2015 |  | June 30, 2014 |  | September 30, 2014
|  |  |  | (in thousands)
Foreign currency forwards |  | Receivables, prepaid expenses and other current assets |  | $ | 8,440 |  |  | $ | — |  |  | $ | 1,152 |
Cash Convertible Notes hedges |  | Other assets, net |  | 23,160 |  |  | 46,454 |  |  | 36,994 |
Cash Convertible Notes embedded derivative |  | Long-term debt, less current maturities |  | (23,160 | ) |  | (46,454 | ) |  | (36,994 | )
|  |  |  | Amount of Unrealized Gain (Loss) on Derivatives
|  |  |  | Three Months Ended June 30, |  | Nine Months Ended June 30,
Derivative Instrument |  | Income Statement Location |  | 2015 |  | 2014 |  | 2015 |  | 2014
|  |  |  | (in thousands)
Foreign currency forwards |  | Other expense |  | $ | 5,811 |  |  | $ | 289 |  |  | $ | 7,288 |  |  | $ | 289 |

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