Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Assets and Liabilities Measured on Recurring Basis

The Company’s financial assets that are measured at fair value on a recurring basis as of December 31, 2014 and 2013 are as follows (dollars in thousands):

	December 31,			Fair Value Measurements Using
	2014			Level 1		Level 2			Level 3
Financial assets (liabilities)
Forward currency exchange contracts	$	(213	)	$	—	$	(213	)	$	—
Nonqualified savings plan assets⁽¹⁾		755			755		—			—
Total	$	542		$	755	$	(213	)	$	—

	December 31,		Fair Value Measurements Using
	2013		Level 1		Level 2		Level 3
Financial assets (liabilities)
Nonqualified savings plan assets⁽¹⁾	$	559	$	559	$	—	$	—
Total	$	559	$	559	$	—	$	—

(1)	The non-qualified savings plan assets have an offsetting liability of equal amount, which is included in “Accounts payable and accrued expenses” in the Company’s consolidated balance sheets.

Financial Assets and Liabilities Not Measured at Fair Value

The Company’s financial assets and liabilities as of December 31, 2014 and 2013 that are not measured at fair value in the consolidated balance sheets are as follows (dollars in thousands):

	December 31,		Fair Value Measurements Using
	2014		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	75,106	$	75,106	$	—	$	—
Short-term loans and line of credit accounts, net ⁽¹⁾		140,905		—		—		140,905
Installment loans, net ⁽¹⁾		182,706		—		—		182,706
Total	$	398,717	$	75,106	$	—	$	323,611
Financial liabilities:
Liability for estimated losses on consumer loans guaranteed by the Company	$	1,576	$	—	$	—	$	1,576
Senior Notes		494,181		—		491,250		—
Total	$	495,757	$	—	$	491,250	$	1,576

	December 31,		Fair Value Measurements Using
	2013		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	47,480	$	47,480	$	—	$	—
Short-term loans and line of credit accounts, net ⁽¹⁾		156,845		—		—		156,845
Installment loans, net ⁽¹⁾		146,622		—		—		146,622
Total	$	350,947	$	47,480	$	—	$	303,467
Financial liabilities:
Liability for estimated losses on consumer loans guaranteed by the Company	$	2,047	$	—	$	—	$	2,047
Affiliate Line of Credit		424,133		—		429,978		—
Total	$	426,180	$	—	$	429,978	$	2,047

(1)	Short-term loans, line of credit accounts and installment loans are included in “Consumer loans, net” in the consolidated balance sheets.

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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