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Operating Segment Information | 6 Months Ended
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Mar. 31, 2015
Segment Reporting [Abstract] |
OPERATING SEGMENT INFORMATION | NOTE 12: SEGMENT INFORMATION Segment information is prepared on the same basis that our chief operating decision maker 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 — Our equity interest in the net (loss) income of 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 condensed consolidated financial statements. The following tables present operating segment information for the three and six-month periods ended March 31, 2015 and 2014, including reclassifications discussed in Note 1 and adjustments to reflect reclassification of all discontinued operations discussed in Note 2.
| Three Months Ended March 31, 2015
| U.S. & Canada |  | Latin America |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 92,969 |  |  | $ | 14,883 |  |  | $ | — |  |  | $ | 107,852 |  |  | $ | — |  |  | $ | 107,852 |
Jewelry scrapping sales | 17,482 |  |  | 917 |  |  | — |  |  | 18,399 |  |  | — |  |  | 18,399 |
Pawn service charges | 52,317 |  |  | 7,153 |  |  | — |  |  | 59,470 |  |  | — |  |  | 59,470 |
Consumer loan fees and interest | 37,992 |  |  | 16,449 |  |  | — |  |  | 54,441 |  |  | — |  |  | 54,441 |
Other revenues | 922 |  |  | 273 |  |  | — |  |  | 1,195 |  |  | — |  |  | 1,195 |
Total revenues | 201,682 |  |  | 39,675 |  |  | — |  |  | 241,357 |  |  | — |  |  | 241,357 |
Merchandise cost of goods sold | 61,812 |  |  | 10,680 |  |  | — |  |  | 72,492 |  |  | — |  |  | 72,492 |
Jewelry scrapping cost of goods sold | 13,534 |  |  | 820 |  |  | — |  |  | 14,354 |  |  | — |  |  | 14,354 |
Consumer loan bad debt | 7,983 |  |  | 4,123 |  |  | — |  |  | 12,106 |  |  | — |  |  | 12,106 |
Net revenues | 118,353 |  |  | 24,052 |  |  | — |  |  | 142,405 |  |  | — |  |  | 142,405 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Operations | 82,665 |  |  | 17,625 |  |  | — |  |  | 100,290 |  |  | — |  |  | 100,290 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 10,849 |  |  | 10,849 |
Depreciation | 4,538 |  |  | 1,348 |  |  | — |  |  | 5,886 |  |  | 1,813 |  |  | 7,699 |
Amortization | 58 |  |  | 379 |  |  | — |  |  | 437 |  |  | 931 |  |  | 1,368 |
Loss on sale or disposal of assets | 256 |  |  | 1 |  |  | — |  |  | 257 |  |  | 369 |  |  | 626 |
Interest expense | 5 |  |  | 6,377 |  |  | — |  |  | 6,382 |  |  | 4,914 |  |  | 11,296 |
Interest income | (17 | ) |  | (447 | ) |  | — |  |  | (464 | ) |  | (50 | ) |  | (514 | )
Equity in net loss of unconsolidated affiliate | — |  |  | — |  |  | 3,678 |  |  | 3,678 |  |  | — |  |  | 3,678 |
Restructuring | — |  |  | — |  |  | — |  |  | — |  |  | 726 |  |  | 726 |
Other expense | 7 |  |  | 1,554 |  |  | — |  |  | 1,561 |  |  | 298 |  |  | 1,859 |
Segment contribution (loss) | $ | 30,841 |  |  | $ | (2,785 | ) |  | $ | (3,678 | ) |  | $ | 24,378 |  |  |  |  |  |  |
Income (loss) from continuing operations before income taxes |  |  |  |  |  |  | $ | 24,378 |  |  | $ | (19,850 | ) |  | $ | 4,528 |
| Three Months Ended March 31, 2014
| U.S. & Canada |  | Latin America |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 89,937 |  |  | $ | 13,517 |  |  | $ | — |  |  | $ | 103,454 |  |  | $ | — |  |  | $ | 103,454 |
Jewelry scrapping sales | 24,697 |  |  | 1,496 |  |  | — |  |  | 26,193 |  |  | — |  |  | 26,193 |
Pawn service charges | 52,154 |  |  | 7,008 |  |  | — |  |  | 59,162 |  |  | — |  |  | 59,162 |
Consumer loan fees and interest | 42,213 |  |  | 12,564 |  |  | — |  |  | 54,777 |  |  | — |  |  | 54,777 |
Other revenues | 1,098 |  |  | 447 |  |  | — |  |  | 1,545 |  |  | — |  |  | 1,545 |
Total revenues | 210,099 |  |  | 35,032 |  |  | — |  |  | 245,131 |  |  | — |  |  | 245,131 |
Merchandise cost of goods sold | 55,256 |  |  | 8,967 |  |  | — |  |  | 64,223 |  |  | — |  |  | 64,223 |
Jewelry scrapping cost of goods sold | 18,793 |  |  | 1,318 |  |  | — |  |  | 20,111 |  |  | — |  |  | 20,111 |
Consumer loan bad debt | 7,781 |  |  | 3,095 |  |  | — |  |  | 10,876 |  |  | — |  |  | 10,876 |
Net revenues | 128,269 |  |  | 21,652 |  |  | — |  |  | 149,921 |  |  | — |  |  | 149,921 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Operations | 83,377 |  |  | 17,730 |  |  | — |  |  | 101,107 |  |  | — |  |  | 101,107 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 19,996 |  |  | 19,996 |
Depreciation | 4,275 |  |  | 1,450 |  |  | — |  |  | 5,725 |  |  | 1,689 |  |  | 7,414 |
Amortization | 100 |  |  | 607 |  |  | — |  |  | 707 |  |  | 686 |  |  | 1,393 |
Loss (gain) on sale or disposal of assets | (537 | ) |  | (2 | ) |  | — |  |  | (539 | ) |  | 626 |  |  | 87 |
Interest expense | 2 |  |  | 5,024 |  |  | — |  |  | 5,026 |  |  | 1,088 |  |  | 6,114 |
Interest income | (18 | ) |  | (94 | ) |  | — |  |  | (112 | ) |  | (43 | ) |  | (155 | )
Equity in net income of unconsolidated affiliate | — |  |  | — |  |  | (492 | ) |  | (492 | ) |  | — |  |  | (492 | )
Impairment of investments | — |  |  | — |  |  | 7,940 |  |  | 7,940 |  |  | — |  |  | 7,940 |
Other expense (income) | — |  |  | (11 | ) |  | 375 |  |  | 364 |  |  | 78 |  |  | 442 |
Segment contribution (loss) | $ | 41,070 |  |  | $ | (3,052 | ) |  | $ | (7,823 | ) |  | $ | 30,195 |  |  |  |  |  |  |
Income (loss) from continuing operations before income taxes |  |  |  |  |  |  | $ | 30,195 |  |  | $ | (24,120 | ) |  | $ | 6,075 |
| Six Months Ended March 31, 2015
| U.S. & Canada |  | Latin America |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 183,028 |  |  | $ | 34,463 |  |  | $ | — |  |  | $ | 217,491 |  |  | $ | — |  |  | $ | 217,491 |
Jewelry scrapping sales | 34,609 |  |  | 2,324 |  |  | — |  |  | 36,933 |  |  | — |  |  | 36,933 |
Pawn service charges | 109,352 |  |  | 15,045 |  |  | — |  |  | 124,397 |  |  | — |  |  | 124,397 |
Consumer loan fees and interest | 80,524 |  |  | 32,764 |  |  | — |  |  | 113,288 |  |  | — |  |  | 113,288 |
Other revenues | 1,497 |  |  | 569 |  |  | — |  |  | 2,066 |  |  | — |  |  | 2,066 |
Total revenues | 409,010 |  |  | 85,165 |  |  | — |  |  | 494,175 |  |  | — |  |  | 494,175 |
Merchandise cost of goods sold | 120,806 |  |  | 24,164 |  |  | — |  |  | 144,970 |  |  | — |  |  | 144,970 |
Jewelry scrapping cost of goods sold | 26,948 |  |  | 2,081 |  |  | — |  |  | 29,029 |  |  | — |  |  | 29,029 |
Consumer loan bad debt | 22,293 |  |  | 11,863 |  |  | — |  |  | 34,156 |  |  | — |  |  | 34,156 |
Net revenues | 238,963 |  |  | 47,057 |  |  | — |  |  | 286,020 |  |  | — |  |  | 286,020 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |  |  |
Operations | 167,428 |  |  | 36,556 |  |  | — |  |  | 203,984 |  |  | — |  |  | 203,984 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 19,201 |  |  | 19,201 |
Depreciation | 8,938 |  |  | 2,739 |  |  | — |  |  | 11,677 |  |  | 3,595 |  |  | 15,272 |
Amortization | 129 |  |  | 798 |  |  | — |  |  | 927 |  |  | 1,898 |  |  | 2,825 |
Loss on sale or disposal of assets | 259 |  |  | 257 |  |  | — |  |  | 516 |  |  | 369 |  |  | 885 |
Interest expense | 13 |  |  | 14,659 |  |  | — |  |  | 14,672 |  |  | 8,658 |  |  | 23,330 |
Interest income | (34 | ) |  | (928 | ) |  | — |  |  | (962 | ) |  | (84 | ) |  | (1,046 | )
Equity in net loss of unconsolidated affiliate | — |  |  | — |  |  | 1,484 |  |  | 1,484 |  |  | — |  |  | 1,484 |
Restructuring | — |  |  | — |  |  | — |  |  | — |  |  | 726 |  |  | 726 |
Other expense | 10 |  |  | 2,166 |  |  | — |  |  | 2,176 |  |  | 442 |  |  | 2,618 |
Segment contribution (loss) | $ | 62,220 |  |  | $ | (9,190 | ) |  | $ | (1,484 | ) |  | $ | 51,546 |  |  |  |  |
Income (loss) from continuing operations before income taxes |  |  |  |  |  |  | $ | 51,546 |  |  | $ | (34,805 | ) |  | $ | 16,741 |
| Six Months Ended March 31, 2014
| U.S. & Canada |  | Latin America |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 178,827 |  |  | $ | 30,214 |  |  | $ | — |  |  | $ | 209,041 |  |  | $ | — |  |  | $ | 209,041 |
Jewelry scrapping sales | 50,622 |  |  | 3,274 |  |  | — |  |  | 53,896 |  |  | — |  |  | 53,896 |
Pawn service charges | 109,223 |  |  | 14,072 |  |  | — |  |  | 123,295 |  |  | — |  |  | 123,295 |
Consumer loan fees and interest | 87,963 |  |  | 22,018 |  |  | — |  |  | 109,981 |  |  | — |  |  | 109,981 |
Other revenues | 1,629 |  |  | 1,045 |  |  | — |  |  | 2,674 |  |  | — |  |  | 2,674 |
Total revenues | 428,264 |  |  | 70,623 |  |  | — |  |  | 498,887 |  |  | — |  |  | 498,887 |
Merchandise cost of goods sold | 108,856 |  |  | 19,508 |  |  | — |  |  | 128,364 |  |  | — |  |  | 128,364 |
Jewelry scrapping cost of goods sold | 37,363 |  |  | 2,768 |  |  | — |  |  | 40,131 |  |  | — |  |  | 40,131 |
Consumer loan bad debt | 21,964 |  |  | 7,100 |  |  | — |  |  | 29,064 |  |  | — |  |  | 29,064 |
Net revenues | 260,081 |  |  | 41,247 |  |  | — |  |  | 301,328 |  |  | — |  |  | 301,328 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |  |  |
Operations | 169,944 |  |  | 36,524 |  |  | — |  |  | 206,468 |  |  | — |  |  | 206,468 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 35,720 |  |  | 35,720 |
Depreciation | 8,519 |  |  | 2,909 |  |  | — |  |  | 11,428 |  |  | 3,326 |  |  | 14,754 |
Amortization | 203 |  |  | 1,224 |  |  | — |  |  | 1,427 |  |  | 1,331 |  |  | 2,758 |
(Gain) loss on sale or disposal of assets | (6,855 | ) |  | 4 |  |  | — |  |  | (6,851 | ) |  | 648 |  |  | (6,203 | )
Interest expense | 7 |  |  | 8,865 |  |  | — |  |  | 8,872 |  |  | 2,293 |  |  | 11,165 |
Interest income | (18 | ) |  | (267 | ) |  | — |  |  | (285 | ) |  | (67 | ) |  | (352 | )
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (1,763 | ) |  | (1,763 | ) |  | — |  |  | (1,763 | )
Impairment of investments | — |  |  | — |  |  | 7,940 |  |  | 7,940 |  |  | — |  |  | 7,940 |
Other expense (income) | — |  |  | (41 | ) |  | 346 |  |  | 305 |  |  | (31 | ) |  | 274 |
Segment contribution (loss) | $ | 88,281 |  |  | $ | (7,971 | ) |  | $ | (6,523 | ) |  | $ | 73,787 |  |  |  |  |
Income (loss) from continuing operations before income taxes |  |  |  |  |  |  | $ | 73,787 |  |  | $ | (43,220 | ) |  | $ | 30,567 |

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