Document and Entity Information
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9 Months Ended | |
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Sep. 30, 2013
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Oct. 21, 2013
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Document and Entity Information [Abstract] | ||
Entity Registrant Name | FIRST CASH FINANCIAL SERVICES INC | |
Entity Central Index Key | 0000840489 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2013 | |
Document Fiscal Year Focus | 2013 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 28,904,475 |
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Single payment short-term loans or installment loans. Amount is net of allowance. No definition available.
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Carrying amount as of the balance sheet date of finance and service charges earned but not received for pawn loans and short-term loans. No definition available.
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Short-term loans collateralized by tangible personal property. No definition available.
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Fees received for short-term loans, installment loans, and other credit services. No definition available.
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Costs of wholesaling scrap jewelry. No definition available.
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Revenue from finance and service charges on pawn loans. No definition available.
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Revenues from wholesaling scrap jewelry. No definition available.
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2013
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Sep. 30, 2012
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Sep. 30, 2013
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Sep. 30, 2012
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Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 23,141 | $ 18,889 | $ 59,068 | $ 52,750 |
Other comprehensive income (loss): | ||||
Currency translation adjustment, gross | (1,996) | 9,782 | (2,632) | 12,339 |
Tax (expense) benefit | 102 | (3,375) | 410 | (4,257) |
Comprehensive income | $ 21,247 | $ 25,296 | $ 56,846 | $ 60,832 |
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Depreciation and amortization expense in total for continuing and discontinued operations. No definition available.
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The non-cash portion of the credit loss provision, including continuing and discontinued operations. No definition available.
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The net change in the reporting period in the carrying amount of pawn, credit services and short-term loan finance and service charges earned but not received. No definition available.
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The net change in the reporting period in the carrying amount of pawn loans receivable. No definition available.
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Significant Accounting Policies
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9 Months Ended |
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Sep. 30, 2013
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Accounting Policies [Abstract] | |
Significant Accounting Policies | Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements, including the notes thereto, include the accounts of First Cash Financial Services, Inc. (the “Company”), and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. These unaudited consolidated financial statements are condensed and do not include all disclosures and footnotes required by generally accepted accounting principles in the United States of America for complete financial statements. These interim period financial statements should be read in conjunction with the Company's consolidated financial statements, which are included in the Company's annual report for the year ended December 31, 2012, on Form 10-K filed with the Securities and Exchange Commission on February 22, 2013. The condensed consolidated financial statements as of September 30, 2013, and for the three and nine month periods ended September 30, 2013, and 2012 are unaudited, but in management's opinion, include all adjustments (consisting of only normal recurring adjustments) considered necessary to present fairly the financial position, results of operations and cash flow for such interim periods. Operating results for the periods ended September 30, 2013, are not necessarily indicative of the results that may be expected for the full fiscal year. The Company manages its pawn and consumer loan operations under three operating segments: U.S. pawn operations, U.S. consumer loan operations and Mexico operations. The three operating segments have been aggregated into one reportable segment because they have similar economic characteristics and similar long-term financial performance metrics. Additionally, all three segments offer similar and overlapping products and services to a similar customer demographic, operate in similar regulatory environments, and are supported by a single, centralized administrative support platform. The functional currency for the Company’s Mexican subsidiaries is the Mexican peso. Accordingly, the assets and liabilities of these subsidiaries are translated into U.S. dollars at the exchange rate in effect at each balance sheet date, and the resulting adjustments are accumulated in other comprehensive income (loss) as a separate component of stockholders’ equity. Revenue and expenses are translated at the average exchange rates occurring during the three-month and year-to-date periods. Certain amounts in prior year comparative presentations have been reclassified in order to conform to the 2013 presentation. Recent Accounting Pronouncements In February 2013, the Financial Accounting Standards Board issued ASU No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income” (“ASU 2013-02”). The amendments in ASU 2013-02 require an entity to disclose the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. The amendments of ASU 2013-02 are effective prospectively for reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 did not have a material effect on the Company’s financial position, results of operations or financial statement disclosures. |
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Earnings Per Share
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Sep. 30, 2013
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Earnings Per Share | Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (unaudited, in thousands, except per share data):
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Acquisitions
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Sep. 30, 2013
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Acquisitions | Acquisitions Consistent with the Company’s strategy to continue its expansion of pawn stores in selected markets, in September 2013, the Company acquired from Baja Unlimited, LLC and its subsidiaries, the operating entity owning the pawn loans, inventory, layaways and other operating assets and liabilities of eight large format pawn stores located in the Cabo/La Paz markets in Baja California Sur, Mexico. The purchase price for the all-cash transaction was $12,350,000, net of cash acquired, plus a nominal residual payment to be determined based on certain post-closing adjustments. The acquisition has been accounted for using the purchase method of accounting for both financial reporting and tax purposes. Accordingly, the purchase price was allocated to assets and liabilities acquired based upon their estimated fair market values at the date of acquisition, which were comparable for financial and tax purposes. The excess purchase price over the estimated fair market value of the net assets acquired has been recorded as goodwill of approximately $9,955,000, which is not deductible for foreign income tax purposes. The goodwill arising from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of Baja Unlimited, LLC. The estimated fair values of the assets acquired are preliminary, as the Company is gathering information to finalize the valuation of these assets by year end. The assets, liabilities and results of operations of the locations are included in the Company’s consolidated results as of the acquisition date, September 30, 2013. Consistent with the Company’s strategy to continue its expansion of pawn stores in selected markets, in June 2013, the Company acquired from O'Pak Credit LP, Pro Pawn LP and Milar Credit LP (collectively "Valu + Pawn") the pawn loans, inventory, layaways and other operating assets and liabilities of 19 large format pawn stores located in Texas. The purchase price for the transaction was $69,967,000, net of cash acquired, and was composed of $68,967,000 in cash paid at closing and an additional $1,000,000 payable to the sellers in June 2014. The acquisition has been accounted for using the purchase method of accounting for both financial reporting and tax purposes. Accordingly, the purchase price was allocated to assets and liabilities acquired based upon their estimated fair market values at the date of acquisition, which were comparable for financial and tax purposes. The excess purchase price over the estimated fair market value of the net assets acquired has been recorded as goodwill of approximately $52,334,000, which is deductible for U.S. income tax purposes. The goodwill arising from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of Valu + Pawn. For tax purposes, the goodwill and intangible assets are being amortized over the statutory period of 15 years. The estimated fair values of the assets acquired are preliminary, as the Company is gathering information to finalize the valuation of these assets by year end. The assets, liabilities and results of operations of the locations are included in the Company’s consolidated results as of the acquisition date, June 25, 2013. Additionally, during the nine months ended September 30, 2013, three pawn stores located in three U.S. states were acquired in three separate acquisitions for an aggregate purchase price of $2,750,000, net of cash acquired, and was composed of $2,677,000 in cash and payables to the sellers of $73,000. These acquisitions resulted in additional goodwill of approximately $1,685,000. The preliminary allocations of the purchase prices for the Company's acquisitions during the nine months ended September 30, 2013 (the "2013 acquisitions") are as follows (in thousands):
During the nine months ended September 30, 2013, revenue from the 2013 acquisitions since the acquisition dates was $12,966,000. The combined transaction and non-recurring integration costs of the 2013 acquisitions recorded during the nine months ended September 30, 2013, were approximately $1,615,000. During the nine months ended September 30, 2013, the net earnings from the 2013 acquisitions since the acquisition dates (including acquisition and integration costs) were $774,000. The following unaudited pro forma financial information reflects the consolidated results of operations of the Company as if all the 2013 acquisitions had occurred on January 1, 2012. The unaudited pro forma financial information has been prepared for informational purposes only and does not purport to be indicative of what would have resulted had the acquisitions occurred on the date indicated or what may result in the future (in thousands, except per share data):
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Guarantees
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9 Months Ended |
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Sep. 30, 2013
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Guarantees [Abstract] | |
Guarantees | Guarantees The Company offers a fee-based credit services organization program (“CSO Program”) to assist consumers in Texas markets in obtaining extensions of credit. The Company’s CSO Program in Texas is licensed as a Credit Access Business (“CAB”) under Texas Finance Code Chapter 393 and regulated by the Texas Office of the Consumer Credit Commissioner. Under the CSO Program, the Company assists customers in applying for a short-term extension of credit from an independent, non-bank, consumer lending company (the “Independent Lender”) and issues the Independent Lender a letter of credit to guarantee the repayment of the extension of credit. The extensions of credit made by the Independent Lender to credit services customers of the Company range in amount from $50 to $1,500, have terms of 7 to 180 days and bear interest at a rate of 10% on an annualized basis. The Independent Lender is considered a variable interest entity of the Company. The Company does not have any ownership interest in the Independent Lender, does not exercise control over it and is not the primary beneficiary and, therefore, does not consolidate the Independent Lender’s results with its results. The letters of credit under the CSO Program constitute a guarantee for which the Company is required to recognize, at the inception of the guarantee, a liability for the fair value of the obligation undertaken by issuing the letters of credit. The Independent Lender may present the letter of credit to the Company for payment if the customer fails to repay the full amount of the extension of credit and accrued interest after the due date of the extension of credit. Each letter of credit expires approximately 30 days after the due date of the extension of credit. The Company’s maximum loss exposure under all of the outstanding letters of credit issued on behalf of its customers to the Independent Lender as of September 30, 2013, was $14,821,000 compared to $16,191,000 at September 30, 2012. According to the letter of credit, if the borrower defaults on the extension of credit, the Company will pay the Independent Lender the principal, accrued interest, insufficient funds fee, and late fees, all of which the Company records as a component of its credit loss provision. The Company is entitled to seek recovery, directly from its customers, of the amounts it pays the Independent Lender in performing under the letters of credit. The Company records the estimated fair value of the liability under the letters of credit, which was $619,000 at September 30, 2013, in accrued liabilities. The loss provision associated with the CSO Program is based primarily upon historical loss experience, with consideration given to recent loss trends, delinquency rates, economic conditions and management’s expectations of future credit losses. See additional discussion of the loss provision and related allowances and accruals in the section titled “Results of Continuing Operations.” |
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Revolving Credit Facility
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9 Months Ended |
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Sep. 30, 2013
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Debt Disclosure [Abstract] | |
Revolving Credit Facility | Revolving Credit Facility On September 30, 2013, the Company entered into an agreement to amend its existing revolving credit facility with five commercial lenders (as amended, the “Unsecured Credit Facility”). The amount of the Unsecured Credit Facility was increased from $175,000,000 to $205,000,000 and the amount of permitted acquisition investments over the previous twelve-month period was increased from 10% to 20% of the Company’s consolidated tangible net worth and included an additional allowance for permitted acquisition investments of up to $60,000,000 during the period beginning September 30, 2013, and ending December 31, 2013. The Unsecured Credit Facility continues to bear interest at the prevailing 30-day LIBOR rate plus a fixed spread of 2.0% and matures in February 2015. The interest rate on amounts outstanding under the Unsecured Credit Facility was 2.19% at September 30, 2013. At September 30, 2013, the Company had $152,500,000 outstanding under the Unsecured Credit Facility and $52,500,000 available for borrowings. During the nine months ended September 30, 2013, the Company received net proceeds of $50,000,000 from the Unsecured Credit Facility. |
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Income Taxes
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Income Taxes | Income Taxes In July 2013, the Company terminated an election to include foreign subsidiaries in its consolidated U.S. federal income tax return and it is the Company's intent to indefinitely reinvest the earnings of these subsidiaries outside the U.S. Under current U.S. income tax law, the undistributed earnings of the foreign subsidiaries will no longer be subject to U.S. federal income tax beginning in July 2013. The Company recognized an estimated non-recurring net income tax benefit of approximately $3,273,000 in the third quarter of 2013 related primarily to changes in deferred tax assets and liabilities, net of certain non-recurring U.S. tax liabilities associated with the terminated election. The principal current and non-current deferred tax assets and liabilities consist of the following at September 30, 2013, and December 31, 2012 (in thousands):
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Discontinued Operations
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9 Months Ended |
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Sep. 30, 2013
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Discontinued Operations and Disposal Groups [Abstract] | |
Discontinued Operations | Discontinued Operations The Company’s strategy has been to grow its pawn operations while reducing regulatory exposure from other consumer lending products, which include certain consumer loan and credit services products offered in the United States. In September 2012, the Company closed seven of its consumer loan stores located in the Texas cities of Austin and Dallas due in part to city ordinances enacted during 2012 in these cities, which significantly restricted the Company's ability to provide credit services products. The Company recorded a loss on disposal of $633,000, net of tax, or $0.03 per share, from these stores during the nine months ended September 30, 2012. The after-tax operating results from operations for these Texas stores were immaterial during the nine months ended September 30, 2012. All revenue, expenses and income reported in these financial statements have been adjusted to reflect reclassification of all discontinued operations. The carrying amounts of the assets and liabilities for discontinued operations at September 30, 2012, were immaterial. |
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Significant Accounting Policies (Policies)
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9 Months Ended |
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Sep. 30, 2013
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Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed consolidated financial statements, including the notes thereto, include the accounts of First Cash Financial Services, Inc. (the “Company”), and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. These unaudited consolidated financial statements are condensed and do not include all disclosures and footnotes required by generally accepted accounting principles in the United States of America for complete financial statements. These interim period financial statements should be read in conjunction with the Company's consolidated financial statements, which are included in the Company's annual report for the year ended December 31, 2012, on Form 10-K filed with the Securities and Exchange Commission on February 22, 2013. The condensed consolidated financial statements as of September 30, 2013, and for the three and nine month periods ended September 30, 2013, and 2012 are unaudited, but in management's opinion, include all adjustments (consisting of only normal recurring adjustments) considered necessary to present fairly the financial position, results of operations and cash flow for such interim periods. Operating results for the periods ended September 30, 2013, are not necessarily indicative of the results that may be expected for the full fiscal year. The Company manages its pawn and consumer loan operations under three operating segments: U.S. pawn operations, U.S. consumer loan operations and Mexico operations. The three operating segments have been aggregated into one reportable segment because they have similar economic characteristics and similar long-term financial performance metrics. Additionally, all three segments offer similar and overlapping products and services to a similar customer demographic, operate in similar regulatory environments, and are supported by a single, centralized administrative support platform. The functional currency for the Company’s Mexican subsidiaries is the Mexican peso. Accordingly, the assets and liabilities of these subsidiaries are translated into U.S. dollars at the exchange rate in effect at each balance sheet date, and the resulting adjustments are accumulated in other comprehensive income (loss) as a separate component of stockholders’ equity. Revenue and expenses are translated at the average exchange rates occurring during the three-month and year-to-date periods. Certain amounts in prior year comparative presentations have been reclassified in order to conform to the 2013 presentation. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In February 2013, the Financial Accounting Standards Board issued ASU No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income” (“ASU 2013-02”). The amendments in ASU 2013-02 require an entity to disclose the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. The amendments of ASU 2013-02 are effective prospectively for reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 did not have a material effect on the Company’s financial position, results of operations or financial statement disclosures. |
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Earnings Per Share (Tables)
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Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Computation of basic and diluted earnings per share | The following table sets forth the computation of basic and diluted earnings per share (unaudited, in thousands, except per share data):
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Acquisitions Schedule of Purchase Price Allocation (Tables)
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Sep. 30, 2013
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Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Purchase Price Allocation | The preliminary allocations of the purchase prices for the Company's acquisitions during the nine months ended September 30, 2013 (the "2013 acquisitions") are as follows (in thousands):
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Business Acquisition, Pro Forma Information | he unaudited pro forma financial information has been prepared for informational purposes only and does not purport to be indicative of what would have resulted had the acquisitions occurred on the date indicated or what may result in the future (in thousands, except per share data):
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Income Taxes (Tables)
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Deferred Tax Assets and Liabilities | The principal current and non-current deferred tax assets and liabilities consist of the following at September 30, 2013, and December 31, 2012 (in thousands):
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Significant Accounting Policies (Details)
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9 Months Ended |
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Sep. 30, 2013
segment
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Accounting Policies [Abstract] | |
Number of operating segments | 3 |
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Acquisitions Narrative (Details) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | 1 Months Ended | 9 Months Ended | ||
---|---|---|---|---|---|
Sep. 30, 2013
|
Sep. 30, 2013
Baja Unlimited, LLC
store
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Jun. 30, 2013
Valu Pawn
store
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Sep. 30, 2013
Valu Pawn
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Sep. 30, 2013
Other
acquisition
state
store
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Business Acquisition [Line Items] | |||||
Number of stores acquired | 8 | 19 | 3 | ||
Cash paid | $ 68,967 | $ 2,677 | |||
Accounts payable to sellers | 1,000 | 73 | |||
Goodwill | 63,974 | 9,955 | 52,334 | 52,334 | 1,685 |
Useful life, tax basis | 15 years | ||||
Number of States in which Entity Operates | 3 | ||||
Number of acquisitions | 3 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 85,067 | 12,350 | 69,967 | 69,967 | 2,750 |
Revenue of acquiree since acquisition date | 12,966 | ||||
Earnings or loss of acquiree since acquisition date | 774 | ||||
Transaction costs on acquisition | $ 1,615 |
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- Definition
The useful life of acquired intangible assets, for tax purposes. No definition available.
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- Definition
Accounts payable to sellers arising from business acquisition. No definition available.
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X | ||||||||||
- Definition
Number of acquisitions grouped together for disclosure. No definition available.
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X | ||||||||||
- Definition
Number of stores acquired. No definition available.
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- Definition
No authoritative reference available. No definition available.
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No authoritative reference available. No definition available.
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- Definition
The amount of acquisition cost of a business combination allocated to short-term collateralized pawn loans. No definition available.
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Business acquisitions pro forma revenue from continuing operations No definition available.
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Guarantees Narrative (Details) (USD $)
|
Sep. 30, 2013
|
Sep. 30, 2012
|
---|---|---|
Guarantor Obligations [Line Items] | ||
Extensions of credit made by the Independent Lender to credit services customers - rate | 10.00% | |
Letter of credit expires after the due date of the extension of credit | 30 days | |
Maximum loss exposure under all of the outstanding letters of credit | $ 14,821,000 | $ 16,191,000 |
Estimated Fair Value Liability For Outstanding Letters Of Credit | 619,000 | |
Minimum [Member]
|
||
Guarantor Obligations [Line Items] | ||
Extensions of credit made by the Independent Lender to credit services customers - range | 50 | |
Extensions of credit made by the Independent Lender to credit services customers - terms | 7 days | |
Maximum [Member]
|
||
Guarantor Obligations [Line Items] | ||
Extensions of credit made by the Independent Lender to credit services customers - range | $ 1,500 | |
Extensions of credit made by the Independent Lender to credit services customers - terms | 180 days |
X | ||||||||||
- Definition
Estimated fair value liability for outstanding letters of credit related to consumer loans under the CSO program. No definition available.
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X | ||||||||||
- Definition
Credit services organization program to assist consumers in obtaining extensions of credit - range. No definition available.
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X | ||||||||||
- Definition
Credit services organization program to assist consumers in obtaining extensions of credit - rate. No definition available.
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X | ||||||||||
- Definition
Credit services organization program to assist consumers in obtaining extensions of credit - terms. No definition available.
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X | ||||||||||
- Definition
Letter of credit expires after the due date of the extension of credit. No definition available.
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X | ||||||||||
- Definition
The maximum loss exposure under all of the outstanding letters of credit issued on behalf of its customers to the Independent Lender. No definition available.
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Revolving Credit Facility Narrative (Details) (USD $)
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9 Months Ended | |
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Sep. 30, 2013
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Sep. 29, 2013
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Debt Instrument [Line Items] | ||
Maximum borrowing capacity | $ 205,000,000 | $ 175,000,000 |
Line Of Credit Facility, Percent Of Tangible Net Worth Limit For Acquisition Investments | 20.00% | 10.00% |
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases | 60,000,000 | |
Line of credit facility expiration date | Feb. 28, 2015 | |
Amount outstanding | 152,500,000 | |
Remaining borrowing capacity | 52,500,000 | |
Unsecured credit facility interest rate | 2.19% | |
Proceeds from the unsecured credit facility | $ 50,000,000 | |
30-day LIBOR [Member]
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Debt Instrument [Line Items] | ||
Basis spread on variable rate | 2.00% |
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- Definition
Limit on line of credit facility proceeds that can be used for acquisition investments over the trailing twelve months, as a percentage of tangible net worth. No definition available.
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No authoritative reference available. No definition available.
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No authoritative reference available. No definition available.
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Income Taxes (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Sep. 30, 2013
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Dec. 31, 2012
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Income Tax Disclosure [Abstract] | ||
Non-recurring net income tax benefit | $ 3,273 | |
Deferred tax assets: | ||
Depreciation | 3,953 | 0 |
Cumulative foreign translation adjustment | 3,857 | 3,447 |
Deferred cost of goods sold deduction | 1,233 | 0 |
Interest accrual on forfeited pawn loans | 1,029 | 1,365 |
Other | 2,980 | 495 |
Total deferred tax assets | 13,052 | 5,307 |
Deferred tax liabilities: | ||
Intangible asset amortization | 16,593 | 15,823 |
Share-based compensation | 932 | 1,101 |
Other | 492 | 510 |
Total deferred tax liabilities | 18,017 | 17,434 |
Net deferred tax liabilities | (4,965) | (12,127) |
Current deferred tax assets | 3,348 | 1,148 |
Non-current deferred income tax liabilities | $ (8,313) | $ (13,275) |
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- Definition
Deferred Tax Liabilities, Deferred Expense, Compensation and Benefits, Share-based Compensation Cost No definition available.
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No authoritative reference available. No definition available.
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Discontinued Operations Narrative (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
9 Months Ended | |
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Sep. 30, 2013
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Sep. 30, 2012
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Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Net loss from sale of consumer loan stores | $ 0 | $ 633 |
Texas Consumer Loan Stores [Member]
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Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Number of stores sold | 7 | |
Net loss from sale of consumer loan stores | $ 633 | |
Net loss from sale of consumer loan stores (per share) | $ 0.03 |
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- Definition
Number of stores sold. No definition available.
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No authoritative reference available. No definition available.
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