XML 67 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Note B - Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended
--- | ---
Apr. 30, 2013 | Apr. 30, 2012 | Apr. 30, 2011
Note B - Summary of Significant Accounting Policies (Details) [Line Items] |  |  |
Number of Reportable Segments | 1 |  |
Concentration Risk, Percentage | 39.00% |  |
Finance Receivables Interest Rate Range Start | 11.00% |  |
Finance Receivable Interest Rate Range End | 19.00% |  |
Interest Earned On Financing Receivables (in Dollars) | $ 1,800,000 | $ 1,400,000 |
Finance Receivables, Customer Payments Due Either Weekly or Bi-Weekly, Percentage | 75.00% |  |
Financing Receivable, Greater Than Or Equal To 30 Days Past Due, Percent Of Portfolio | 5.10% | 4.10% |
Financing Receivable, Allowance for Credit Losses, Policy for Uncollectible Amounts [Policy Text Block] | The calculation of the allowance for credit losses uses the following primary factors:
· | The number of units repossessed or charged-off as a percentage of total units financed over specific historical periods of time.
· | The average net repossession and charge-off loss per unit during the last eighteen months, segregated by the number of months since the contract origination date, and adjusted for the expected future average net charge-off loss per unit. Approximately 50% of the charge-offs that will ultimately occur in the portfolio are expected to occur within 10-11 months following the balance sheet date. The average age of an account at charge-off date is 10.6 months.
· | The timing of repossession and charge-off losses relative to the date of sale (i.e., how long it takes for a repossession or charge-off to occur) for repossessions and charge-offs occurring during the last eighteen months.
A point estimate is produced by this analysis which is then supplemented by any positive or negative subjective factors to arrive at an overall reserve amount that management considers to be a reasonable estimate of losses inherent in the portfolio at the balance sheet date that will be realized via actual charge-offs in the future. Although it is at least reasonably possible that events or circumstances could occur in the future that are not presently foreseen which could cause actual credit losses to be materially different from the recorded allowance for credit losses, the Company believes that it has given appropriate consideration to all relevant factors and has made reasonable assumptions in determining the allowance for credit losses. Periods of economic downturn do not necessarily lead to increased credit losses because the Company provides basic affordable transportation to customers that, for the most part, do not have access to public transportation. The effectiveness of the execution of internal policies and procedures within the collections area has historically had a more significant effect on collection results than macro-economic issues. In most states, the Company offers retail customers who finance their vehicle the option of purchasing a payment protection plan product as an add-on to the installment sale contract. This product contractually obligates the Company to cancel the remaining principal outstanding for any contract where the retail customer has totaled the vehicle, as defined, or the vehicle has been stolen. The Company periodically evaluates anticipated losses to ensure that if anticipated losses exceed deferred payment protection plan revenues, an additional liability is recorded for such difference. |  |
Percent of Charge-Offs | 50.00% |  |
Average Age of Account At Charge-Off Date | 10 months 18 days |  |
Financing Receivable Recorded Investment Greater Than 90 Days Past Due (in Dollars) | 1,964,000 | 656,000 |
Late Fee Income Generated by Servicing Financial Assets, Amount (in Dollars) | 2,000,000 | 1,700,000 | 1,700,000
Advertising Expense (in Dollars) | 4,100,000 | 3,500,000 | 3,400,000
Defined Contribution Plan, Employer Match Percentage | 50.00% |  |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 4.00% |  |
Defined Contribution Plan, Employer Discretionary Contribution Amount (in Dollars) | 290,000 | 236,000 | 201,000
Common Stock, Discount on Shares (in Dollars) | 0.15 |  |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | 200,000 |  |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | 167,537 |  |
Stock Repurchased During Period, Shares (in Shares) | 398,548 | 1,212,791 | 848,900
Stock Repurchased During Period, Value (in Dollars) | $ 17,300,000 | $ 39,400,000 | $ 20,300,000
Summary Of Significant Accounting Policies Note [Member] |  |  |
Note B - Summary of Significant Accounting Policies (Details) [Line Items] |  |  |
Line of Credit Facility, Dividend Restrictions | Restrictions on Distributions/Dividends The Company's revolving credit facilities generally limit distributions by the Company to its shareholders in order to repurchase the Company's common stock.The distribution limitations under the Agreement allow the Company to repurchase the Company's stock so long as: either (a) the aggregate amount of such repurchases does not exceed $40 million and the sum of borrowing bases combined minus the principal balances of all revolver loans after giving effect to such repurchases is equal to or greater than 25% of the sum of the borrowing bases, or (b) the aggregate amount of such repurchases does not exceed 75% of the consolidated net income of the Company measured on a trailing twelve month basis; provided that immediately before and after giving effect to the stock repurchases, at least 12.5% of the aggregate funds committed under the credit facilities remain available. Thus, the Company is limited in the amount of dividends or other distributions it can make to its shareholders without the consent of the Company's lenders. |  |
Furniture, fixtures, and equipment [Member] | Minimum [Member] |  |  |
Note B - Summary of Significant Accounting Policies (Details) [Line Items] |  |  |
Property, Plant and Equipment, Useful Life | 3 years |  |
Furniture, fixtures, and equipment [Member] | Maximum [Member] |  |  |
Note B - Summary of Significant Accounting Policies (Details) [Line Items] |  |  |
Property, Plant and Equipment, Useful Life | 7 years |  |
Leasehold Improvements [Member] | Minimum [Member] |  |  |
Note B - Summary of Significant Accounting Policies (Details) [Line Items] |  |  |
Property, Plant and Equipment, Useful Life | 5 years |  |
Leasehold Improvements [Member] | Maximum [Member] |  |  |
Note B - Summary of Significant Accounting Policies (Details) [Line Items] |  |  |
Property, Plant and Equipment, Useful Life | 15 years |  |
Building and Building Improvements [Member] | Minimum [Member] |  |  |
Note B - Summary of Significant Accounting Policies (Details) [Line Items] |  |  |
Property, Plant and Equipment, Useful Life | 18 years |  |
Building and Building Improvements [Member] | Maximum [Member] |  |  |
Note B - Summary of Significant Accounting Policies (Details) [Line Items] |  |  |
Property, Plant and Equipment, Useful Life | 39 years |  |

X
- Definition Represents the average age of an account at charge-off date. + References No definition available. + Details
Name: | crmt_AverageAgeOfAccountAtChargeOffDate
Namespace Prefix: | crmt_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition No authoritative reference available. + References No definition available. + Details
Name: | crmt_DefinedContributionPlanEmployerMatchPercentage
Namespace Prefix: | crmt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The highest interest rate offered in the range of interest rates charged on installment sales. + References No definition available. + Details
Name: | crmt_FinanceReceivableInterestRateRangeEnd
Namespace Prefix: | crmt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage of of customer payments on Finance Receivables due either weekly or bi-weekly. + References No definition available. + Details
Name: | crmt_FinanceReceivablesCustomerPaymentsDueEitherWeeklyOrBiWeeklyPercentage
Namespace Prefix: | crmt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The lowest interest rate offered in the range of interest rates charged on installment sales. + References No definition available. + Details
Name: | crmt_FinanceReceivablesInterestRateRangeStart
Namespace Prefix: | crmt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Financing Receivable, Greater Than Or Equal To 30 Days Past Due, Percent Of Portfolio + References No definition available. + Details
Name: | crmt_FinancingReceivableGreaterThanOrEqualTo30DaysPastDuePercentOfPortfolio
Namespace Prefix: | crmt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Financing receivables that are greater than 90 days past due. + References No definition available. + Details
Name: | crmt_FinancingReceivableRecordedInvestmenGreaterThan90DaysPastDue
Namespace Prefix: | crmt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Interest Earned On Financing Receivables + References No definition available. + Details
Name: | crmt_InterestEarnedOnFinancingReceivables
Namespace Prefix: | crmt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | crmt_NoteBSummaryofSignificantAccountingPoliciesDetailsLineItems
Namespace Prefix: | crmt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percent of Charge-Offs + References No definition available. + Details
Name: | crmt_PercentofChargeOffs
Namespace Prefix: | crmt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -SubTopic 35 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6420018&loc=d3e36677-107848 + Details
Name: | us-gaap_AdvertisingExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Discount on common shares, or any unamortized balance thereof, shown separately as a deduction from the applicable account(s) as circumstances require. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187103-122770 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 07 -Article 4 + Details
Name: | us-gaap_CommonStockDiscountOnShares
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13537-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13531-108611 + Details
Name: | us-gaap_ConcentrationRiskPercentage1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of discretionary contributions made by an employer to a defined contribution plan. + References No definition available. + Details
Name: | us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Percentage of employees' gross pay for which the employer contributes a matching contribution to a defined contribution plan. + References No definition available. + Details
Name: | us-gaap_DefinedContributionPlanEmployerMatchingContributionPercent
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of accounting policy for charging off uncollectible financing receivables, including, but not limited to, factors and methodologies used in estimating the allowance for credit loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (a,b) -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition All amounts that are due to the servicer of a financial asset as a result of the debt holder not meeting the monthly payment terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122596-111746 + Details
Name: | us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Description of restrictions on the entity's ability to pay dividends as required by the terms of the credit facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph e -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e)(1)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_LineOfCreditFacilityDividendRestrictions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. + References No definition available. + Details
Name: | us-gaap_NumberOfReportableSegments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. + References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentUsefulLife
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30 -Article 5 + Details
Name: | us-gaap_StockRepurchasedDuringPeriodShares
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 + Details
Name: | us-gaap_StockRepurchasedDuringPeriodValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration