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Operating Segment Information | 3 Months Ended
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Dec. 31, 2015
Segment Reporting [Abstract] |
OPERATING SEGMENT INFORMATION | NOTE 8: SEGMENT INFORMATION We currently report our segments as follows:
• | U.S. Pawn — All pawn activities in the United States
• | Mexico Pawn — All pawn activities in Mexico and other parts of Latin America
• | Grupo Finmart — All payroll lending activities in Mexico and other parts of Latin America
• | Other International — Our equity interest in the net income of Cash Converters International and consumer finance activities in Canada
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-month periods ended December 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 December 31, 2015
| U.S. Pawn |  | Mexico Pawn |  | Grupo Finmart |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 91,994 |  |  | $ | 16,586 |  |  | $ | — |  |  | $ | 4 |  |  | $ | 108,584 |  |  | $ | — |  |  | $ | 108,584 |
Jewelry scrapping sales | 9,600 |  |  | — |  |  | — |  |  | 21 |  |  | 9,621 |  |  | — |  |  | 9,621 |
Pawn service charges | 58,621 |  |  | 7,973 |  |  | — |  |  | — |  |  | 66,594 |  |  | — |  |  | 66,594 |
Consumer loan fees and interest | — |  |  | — |  |  | 10,814 |  |  | 2,374 |  |  | 13,188 |  |  | — |  |  | 13,188 |
Other revenues | 193 |  |  | 191 |  |  | 83 |  |  | — |  |  | 467 |  |  | — |  |  | 467 |
Total revenues | 160,408 |  |  | 24,750 |  |  | 10,897 |  |  | 2,399 |  |  | 198,454 |  |  | — |  |  | 198,454 |
Merchandise cost of goods sold | 55,461 |  |  | 10,798 |  |  | — |  |  | — |  |  | 66,259 |  |  | — |  |  | 66,259 |
Jewelry scrapping cost of goods sold | 8,060 |  |  | — |  |  | — |  |  | 16 |  |  | 8,076 |  |  | — |  |  | 8,076 |
Consumer loan bad debt | — |  |  | — |  |  | 11,991 |  |  | 612 |  |  | 12,603 |  |  | — |  |  | 12,603 |
Net revenues | 96,887 |  |  | 13,952 |  |  | (1,094 | ) |  | 1,771 |  |  | 111,516 |  |  | — |  |  | 111,516 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |  |  |
Operations | 63,545 |  |  | 11,193 |  |  | 9,588 |  |  | 1,280 |  |  | 85,606 |  |  | — |  |  | 85,606 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 19,983 |  |  | 19,983 |
Depreciation and amortization | 3,560 |  |  | 801 |  |  | 517 |  |  | 51 |  |  | 4,929 |  |  | 3,130 |  |  | 8,059 |
Loss on sale or disposal of assets | 7 |  |  | 26 |  |  | — |  |  | — |  |  | 33 |  |  | — |  |  | 33 |
Interest expense | 86 |  |  | 40 |  |  | 5,065 |  |  | — |  |  | 5,191 |  |  | 4,001 |  |  | 9,192 |
Interest income | (1 | ) |  | — |  |  | (131 | ) |  | — |  |  | (132 | ) |  | (8 | ) |  | (140 | )
Equity in net income of unconsolidated affiliate | — |  |  | — |  |  | — |  |  | (2,055 | ) |  | (2,055 | ) |  | — |  |  | (2,055 | )
Restructuring | 891 |  |  | 328 |  |  | — |  |  | 204 |  |  | 1,423 |  |  | 269 |  |  | 1,692 |
Other expense (income) | — |  |  | 128 |  |  | 768 |  |  | (3 | ) |  | 893 |  |  | (23 | ) |  | 870 |
Segment contribution (loss) | $ | 28,799 |  |  | $ | 1,436 |  |  | $ | (16,901 | ) |  | $ | 2,294 |  |  | $ | 15,628 |  |  |  |  |  |  |
Loss from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | 15,628 |  |  | $ | (27,352 | ) |  | $ | (11,724 | )
| Three Months Ended December 31, 2014
| U.S. Pawn |  | Mexico Pawn |  | Grupo Finmart |  | Other International |  | Total Segments |  | Corporate Items |  | Consolidated
| (in thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 89,442 |  |  | $ | 19,580 |  |  | $ | — |  |  | $ | 617 |  |  | $ | 109,639 |  |  | $ | — |  |  | $ | 109,639 |
Jewelry scrapping sales | 17,007 |  |  | 1,407 |  |  | — |  |  | 120 |  |  | 18,534 |  |  | — |  |  | 18,534 |
Pawn service charges | 57,035 |  |  | 7,892 |  |  | — |  |  | — |  |  | 64,927 |  |  | — |  |  | 64,927 |
Consumer loan fees and interest | — |  |  | — |  |  | 16,315 |  |  | 2,656 |  |  | 18,971 |  |  | — |  |  | 18,971 |
Other revenues | 184 |  |  | 240 |  |  | 56 |  |  | 175 |  |  | 655 |  |  | — |  |  | 655 |
Total revenues | 163,668 |  |  | 29,119 |  |  | 16,371 |  |  | 3,568 |  |  | 212,726 |  |  | — |  |  | 212,726 |
Merchandise cost of goods sold | 58,617 |  |  | 13,484 |  |  | — |  |  | 377 |  |  | 72,478 |  |  | — |  |  | 72,478 |
Jewelry scrapping cost of goods sold | 13,333 |  |  | 1,261 |  |  | — |  |  | 81 |  |  | 14,675 |  |  | — |  |  | 14,675 |
Consumer loan bad debt | — |  |  | — |  |  | 7,740 |  |  | 775 |  |  | 8,515 |  |  | — |  |  | 8,515 |
Net revenues | 91,718 |  |  | 14,374 |  |  | 8,631 |  |  | 2,335 |  |  | 117,058 |  |  | — |  |  | 117,058 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |  |  |
Operations | 59,507 |  |  | 10,520 |  |  | 8,288 |  |  | 1,772 |  |  | 80,087 |  |  | — |  |  | 80,087 |
Administrative | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,552 |  |  | 12,552 |
Depreciation and amortization | 3,452 |  |  | 1,244 |  |  | 566 |  |  | 191 |  |  | 5,453 |  |  | 2,555 |  |  | 8,008 |
Loss on sale or disposal of assets | — |  |  | 256 |  |  | — |  |  | — |  |  | 256 |  |  | — |  |  | 256 |
Restructuring | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22 |  |  | 22 |
Interest expense | 8 |  |  | 1 |  |  | 8,281 |  |  | — |  |  | 8,290 |  |  | 3,744 |  |  | 12,034 |
Interest income | (16 | ) |  | — |  |  | (481 | ) |  | — |  |  | (497 | ) |  | (34 | ) |  | (531 | )
Equity in net income of unconsolidated affiliate | — |  |  | — |  |  | — |  |  | (2,194 | ) |  | (2,194 | ) |  | — |  |  | (2,194 | )
Other expense | — |  |  | 438 |  |  | 174 |  |  | 3 |  |  | 615 |  |  | 144 |  |  | 759 |
Segment contribution (loss) | $ | 28,767 |  |  | $ | 1,915 |  |  | $ | (8,197 | ) |  | $ | 2,563 |  |  | $ | 25,048 |  |  |  |  |  |  |
Income from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | 25,048 |  |  | $ | (18,983 | ) |  | $ | 6,065 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: 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=51669610&loc=d3e8924-108599 Reference 14: 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=51669610&loc=d3e8906-108599 + Details
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