XML 63 R45.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Segment Information (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2016
Segment Reporting [Abstract] |
Schedule of operating segment information | The following tables present operating segment information for the three years ending September 30, 2016, 2015 and 2014, including reclassifications discussed in Note 2 and adjustments to reflect reclassification of all discontinued operations including Grupo Finmart discussed in Note 3.
| Fiscal Year Ended September 30, 2016
| U.S. Pawn |  | Mexico Pawn |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 348,771 |  |  | $ | 60,331 |  |  | $ | 5 |  |  | $ | 409,107 |  |  | $ | — |  |  | $ | 409,107 |
Jewelry scrapping sales | 47,810 |  |  | 2,282 |  |  | 21 |  |  | 50,113 |  |  | — |  |  | 50,113 |
Pawn service charges | 229,893 |  |  | 31,907 |  |  | — |  |  | 261,800 |  |  | — |  |  | 261,800 |
Other revenues | 331 |  |  | 385 |  |  | 8,769 |  |  | 9,485 |  |  | — |  |  | 9,485 |
Total revenues | 626,805 |  |  | 94,905 |  |  | 8,795 |  |  | 730,505 |  |  | — |  |  | 730,505 |
Merchandise cost of goods sold | 217,268 |  |  | 41,002 |  |  | 1 |  |  | 258,271 |  |  | — |  |  | 258,271 |
Jewelry scrapping cost of goods sold | 40,138 |  |  | 1,885 |  |  | 16 |  |  | 42,039 |  |  | — |  |  | 42,039 |
Other cost of revenues | — |  |  | — |  |  | 1,965 |  |  | 1,965 |  |  | — |  |  | 1,965 |
Net revenues | 369,399 |  |  | 52,018 |  |  | 6,813 |  |  | 428,230 |  |  | — |  |  | 428,230 |
Operating expenses (income): |  |  |  |  |  |  |  |  |  |  |
Operations | 255,321 |  |  | 38,481 |  |  | 7,585 |  |  | 301,387 |  |  | — |  |  | 301,387 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 68,101 |  |  | 68,101 |
Depreciation and amortization | 12,242 |  |  | 2,965 |  |  | 218 |  |  | 15,425 |  |  | 11,117 |  |  | 26,542 |
Loss on sale or disposal of assets | 664 |  |  | 169 |  |  | 4 |  |  | 837 |  |  | 269 |  |  | 1,106 |
Restructuring | 993 |  |  | 543 |  |  | 202 |  |  | 1,738 |  |  | 183 |  |  | 1,921 |
Interest expense | 125 |  |  | 109 |  |  | — |  |  | 234 |  |  | 16,243 |  |  | 16,477 |
Interest income | (2 | ) |  | (30 | ) |  | — |  |  | (32 | ) |  | (49 | ) |  | (81 | )
Loss from investment in unconsolidated affiliate | — |  |  | — |  |  | 255 |  |  | 255 |  |  | — |  |  | 255 |
Impairment of investment | — |  |  | — |  |  | 10,957 |  |  | 10,957 |  |  | — |  |  | 10,957 |
Other expense (income) | — |  |  | 1,273 |  |  | 2 |  |  | 1,275 |  |  | (73 | ) |  | 1,202 |
Segment contribution (loss) | $ | 100,056 |  |  | $ | 8,508 |  |  | $ | (12,410 | ) |  | $ | 96,154 |  |  |  |  |  |  |
Income from continuing operations before income taxes |  |  |  |  |  |  | $ | 96,154 |  |  | $ | (95,791 | ) |  | $ | 363 |
| Fiscal Year Ended September 30, 2015
| U.S. Pawn |  | Mexico Pawn |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 334,635 |  |  | $ | 65,408 |  |  | $ | 2,075 |  |  | $ | 402,118 |  |  | $ | — |  |  | $ | 402,118 |
Jewelry scrapping sales | 54,343 |  |  | 3,267 |  |  | 363 |  |  | 57,973 |  |  | — |  |  | 57,973 |
Pawn service charges | 216,211 |  |  | 30,993 |  |  | — |  |  | 247,204 |  |  | — |  |  | 247,204 |
Other revenues | 945 |  |  | 1,021 |  |  | 10,739 |  |  | 12,705 |  |  | — |  |  | 12,705 |
Total revenues | 606,134 |  |  | 100,689 |  |  | 13,177 |  |  | 720,000 |  |  | — |  |  | 720,000 |
Merchandise cost of goods sold | 218,953 |  |  | 47,371 |  |  | 1,465 |  |  | 267,789 |  |  | — |  |  | 267,789 |
Jewelry scrapping cost of goods sold | 42,845 |  |  | 2,954 |  |  | 267 |  |  | 46,066 |  |  | — |  |  | 46,066 |
Other cost of revenues | — |  |  | — |  |  | 3,125 |  |  | 3,125 |  |  | — |  |  | 3,125 |
Net revenues | 344,336 |  |  | 50,364 |  |  | 8,320 |  |  | 403,020 |  |  | — |  |  | 403,020 |
Operating expenses (income): |  |  |  |  |  |  |  |  |  |  |
Operations | 244,232 |  |  | 43,927 |  |  | 6,780 |  |  | 294,939 |  |  | — |  |  | 294,939 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 72,986 |  |  | 72,986 |
Depreciation and amortization | 15,227 |  |  | 4,440 |  |  | 616 |  |  | 20,283 |  |  | 10,676 |  |  | 30,959 |
Loss (gain) on sale or disposal of assets | 995 |  |  | 258 |  |  | (1 | ) |  | 1,252 |  |  | 1,407 |  |  | 2,659 |
Restructuring | 4,016 |  |  | 799 |  |  | 2,563 |  |  | 7,378 |  |  | 9,702 |  |  | 17,080 |
Interest expense | 60 |  |  | 15 |  |  | — |  |  | 75 |  |  | 16,310 |  |  | 16,385 |
Interest income | (42 | ) |  | (78 | ) |  | — |  |  | (120 | ) |  | (158 | ) |  | (278 | )
Loss from investment in unconsolidated affiliate | — |  |  | — |  |  | 5,473 |  |  | 5,473 |  |  | — |  |  | 5,473 |
Impairment of investments | — |  |  | — |  |  | 26,837 |  |  | 26,837 |  |  | — |  |  | 26,837 |
Other expense | — |  |  | 1,988 |  |  | 7 |  |  | 1,995 |  |  | 192 |  |  | 2,187 |
Segment contribution (loss) | $ | 79,848 |  |  | $ | (985 | ) |  | $ | (33,955 | ) |  | $ | 44,908 |  |  |  |  |  |  |
Loss from continuing operations before income taxes |  |  |  |  |  |  | $ | 44,908 |  |  | $ | (111,115 | ) |  | $ | (66,207 | )
| Fiscal Year Ended September 30, 2014
| U.S. Pawn |  | Mexico Pawn |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 325,337 |  |  | $ | 60,302 |  |  | $ | 2,383 |  |  | $ | 388,022 |  |  | $ | — |  |  | $ | 388,022 |
Jewelry scrapping sales | 89,471 |  |  | 6,302 |  |  | 468 |  |  | 96,241 |  |  | — |  |  | 96,241 |
Pawn service charges | 217,891 |  |  | 30,487 |  |  | — |  |  | 248,378 |  |  | — |  |  | 248,378 |
Other revenues | 1,377 |  |  | 1,016 |  |  | 10,736 |  |  | 13,129 |  |  | — |  |  | 13,129 |
Total revenues | 634,076 |  |  | 98,107 |  |  | 13,587 |  |  | 745,770 |  |  | — |  |  | 745,770 |
Merchandise cost of goods sold | 205,144 |  |  | 42,044 |  |  | 1,449 |  |  | 248,637 |  |  | — |  |  | 248,637 |
Jewelry scrapping cost of goods sold | 66,713 |  |  | 5,807 |  |  | 310 |  |  | 72,830 |  |  | — |  |  | 72,830 |
Other cost of revenues | 5 |  |  | — |  |  | 2,441 |  |  | 2,446 |  |  | — |  |  | 2,446 |
Net revenues | 362,214 |  |  | 50,256 |  |  | 9,387 |  |  | 421,857 |  |  | — |  |  | 421,857 |
Operating expenses (income): |  |  |  |  |  |  |  |  |  |  |
Operations | 236,225 |  |  | 48,907 |  |  | 8,605 |  |  | 293,737 |  |  | — |  |  | 293,737 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | 79,944 |  |  | 79,944 |
Depreciation and amortization | 13,333 |  |  | 5,374 |  |  | 817 |  |  | 19,524 |  |  | 9,735 |  |  | 29,259 |
(Gain) loss on sale or disposal of assets | (6,809 | ) |  | 27 |  |  | (23 | ) |  | (6,805 | ) |  | 964 |  |  | (5,841 | )
Restructuring | — |  |  | — |  |  | — |  |  | — |  |  | 6,664 |  |  | 6,664 |
Interest expense | 3 |  |  | 25 |  |  | — |  |  | 28 |  |  | 7,883 |  |  | 7,911 |
Interest income | (18 | ) |  | (3 | ) |  | — |  |  | (21 | ) |  | (278 | ) |  | (299 | )
Income from investment in unconsolidated affiliates | — |  |  | — |  |  | (5,948 | ) |  | (5,948 | ) |  | — |  |  | (5,948 | )
Impairment of investments | — |  |  | — |  |  | 7,940 |  |  | 7,940 |  |  | — |  |  | 7,940 |
Other expense | 1 |  |  | 116 |  |  | 109 |  |  | 226 |  |  | 375 |  |  | 601 |
Segment contribution (loss) | $ | 119,479 |  |  | $ | (4,190 | ) |  | $ | (2,113 | ) |  | $ | 113,176 |  |  |  |  |
Income from continuing operations before income taxes |  |  |  |  |  |  | $ | 113,176 |  |  | $ | (105,287 | ) |  | $ | 7,889 |
Reconciliation of segment assets to consolidated | The following table presents separately identified segment assets:
| U.S. Pawn |  | Mexico Pawn |  | Other International |  | Total
| (in thousands)
Assets as of September 30, 2016 |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2,547 |  |  | $ | 3,724 |  |  | $ | 1,530 |  |  | $ | 7,801 |
Pawn loans | 149,791 |  |  | 17,538 |  |  | — |  |  | 167,329 |
Pawn service charges receivable, net | 28,368 |  |  | 2,694 |  |  | — |  |  | 31,062 |
Inventory, net | 121,183 |  |  | 19,038 |  |  | 3 |  |  | 140,224 |
Prepaid expenses and other current assets* | — |  |  | — |  |  | 2,241 |  |  | 2,241 |
Investment in unconsolidated affiliate | — |  |  | — |  |  | 37,128 |  |  | 37,128 |
Property and equipment, net | 33,326 |  |  | 8,995 |  |  | 622 |  |  | 42,943 |
Goodwill | 247,538 |  |  | 6,438 |  |  | — |  |  | 253,976 |
Intangible assets, net | 14,089 |  |  | 245 |  |  | 251 |  |  | 14,585 |
Total separately identified segment assets | $ | 596,842 |  |  | $ | 58,672 |  |  | $ | 41,775 |  |  | $ | 697,289 |
* | Amount is comprised of consumer loans and accrued fees and interest.
| U.S. Pawn |  | Mexico Pawn |  | Other International |  | Total
| (in thousands)
Assets as of September 30, 2015 |  |  |  |  |  |  |
Cash and cash equivalents | $ | 4,812 |  |  | $ | 3,662 |  |  | $ | 812 |  |  | $ | 9,286 |
Pawn loans | 143,500 |  |  | 16,464 |  |  | — |  |  | 159,964 |
Pawn service charges receivable, net | 28,338 |  |  | 2,544 |  |  | — |  |  | 30,882 |
Inventory, net | 107,568 |  |  | 16,502 |  |  | 14 |  |  | 124,084 |
Prepaid expenses and other current assets* | — |  |  | — |  |  | 2,601 |  |  | 2,601 |
Investment in unconsolidated affiliate | — |  |  | — |  |  | 56,182 |  |  | 56,182 |
Property and equipment, net | 42,717 |  |  | 12,985 |  |  | 815 |  |  | 56,517 |
Goodwill | 244,330 |  |  | 7,316 |  |  | — |  |  | 251,646 |
Intangible assets, net | 14,208 |  |  | 338 |  |  | 8 |  |  | 14,554 |
Total separately identified segment assets | $ | 585,473 |  |  | $ | 59,811 |  |  | $ | 60,432 |  |  | $ | 705,716 |
* | Amount is comprised of consumer loans and accrued fees and interest.
The following table reconciles separately identified recorded segment assets, as shown above, to our consolidated total assets:
| September 30,
| 2016 |  | 2015
| (in thousands)
Total separately identified recorded segment assets | $ | 697,289 |  |  | $ | 705,716 |
Corporate assets* | 285,955 |  |  | 483,274 |
Total assets | $ | 983,244 |  |  | $ | 1,188,990 |
* Amounts include assets included within discontinued operations. See Note 3 for further discussion.
Schedule of revenues by geographic information | The following tables provide geographic information required by FASB ASC 280-10-50-41:
| Fiscal Year Ended September 30,
| 2016 |  | 2015 |  | 2014
| (in thousands)
Revenues: |  |  |  |  |
United States | $ | 626,805 |  |  | $ | 606,134 |  |  | $ | 634,076 |
Mexico | 94,905 |  |  | 100,689 |  |  | 98,128 |
Canada | 8,795 |  |  | 13,177 |  |  | 13,566 |
Total revenues | $ | 730,505 |  |  | $ | 720,000 |  |  | $ | 745,770 |
Schedule of long-lived assets by geographic information |
| September 30,
| 2016 |  | 2015
| (in thousands)
Long-lived assets: |  |  |
United States | $ | 326,591 |  |  | $ | 334,541 |
Mexico | 15,893 |  |  | 20,995 |
Canada and Other | 628 |  |  | 826 |
Total long-lived assets | $ | 343,112 |  |  | $ | 356,362 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: 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=68060357&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: 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=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration