CONDENSED CONSOLIDATING FINANCIAL INFORMATION

6 Months Ended

Jun. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

In February 2017, CFTC issued $470.0 million aggregate principal amount Senior Secured Notes, the proceeds of which were used together with available cash, to (i) redeem the outstanding 10.75% Senior Secured Notes due 2018 of our wholly owned subsidiary, CURO Intermediate, (ii) redeem the outstanding 12.00% Senior Cash Pay Notes due 2017 and (iii) pay fees, expenses, premiums and accrued interest in connection with the offering. CFTC sold the Senior Secured Notes to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”); or outside the U.S. to non-U.S. persons in compliance with Regulation S of the Securities Act.

In November 2017, CFTC issued $135.0 million aggregate principal amount of additional Senior Secured Notes in a private offering exempt from the registration requirements of the Securities Act (the "Additional Notes Offering"). CFTC used the proceeds from the Additional Notes Offering, together with available cash, to (i) pay a cash dividend, in an amount of $140.0 million to us, CFTC’s sole stockholder, and ultimately our stockholders and (ii) pay fees, expenses, premiums and accrued interest in connection with the Additional Notes Offering. CFTC received the consent of the holders of a majority of the outstanding principal amount of the current Senior Secured Notes to a one-time waiver with respect to the restrictions contained in Section 5.07(a) of the indenture governing the Senior Secured Notes to permit the dividend.

On March 7, 2018, CFTC redeemed $77.5 million of the Senior Secured Notes at a price equal to 112.00% of the principal amount plus accrued and unpaid interest to the date of redemption. Following the redemption, $527.5 million of the original outstanding principal amount of the Senior Secured Notes remain outstanding. The redemption was conducted pursuant to the indenture governing the Senior Secured Notes, dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent. Consistent with the terms of the indenture, CFTC used a portion of the cash proceeds from our IPO, to redeem such Senior Secured Notes. See Note 5, "Long-Term Debt," for additional details.

The following condensed consolidating financing information, which has been prepared in accordance with the requirements for presentation of Rule 3-10(d) of Regulation S-X promulgated under the Securities Act, presents the condensed consolidating financial information separately for:

(i) CFTC as the issuer of the Senior Secured Notes;

(ii) CURO Intermediate as the issuer of the 10.75% senior secured notes that were redeemed in February 2017;

(iii) Our subsidiary guarantors, which are comprised of our domestic subsidiaries, excluding CFTC, SPV, and CURO Intermediate (the “Subsidiary Guarantors”), on a consolidated basis, which are 100% owned by CURO, and which are guarantors of the Senior Secured Notes issued in February 2017 and the 10.75% senior secured notes redeemed in February 2017;

(iv) Our other subsidiaries on a consolidated basis, which are not guarantors of the Senior Secured Notes (the “Subsidiary Non-Guarantors”)

(v) Consolidating and eliminating entries representing adjustments to:

a. eliminate intercompany transactions between or among us, the Subsidiary Guarantors and the Subsidiary Non-Guarantors; and

b. eliminate the investments in our subsidiaries;

(vi) Us and our subsidiaries on a consolidated basis.

Condensed Consolidating Balance Sheets

	June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—	$	69,013		$	46,092		$	—		$	—		$	115,105		$	—		$	—	$	115,105
Restricted cash	—			—		1,679			3,495			7,274			—			12,448			—			—		12,448
Loans receivable, net	—			—		81,387			132,154			171,332			—			384,873			—			—		384,873
Deferred income taxes	—			—		—			3,697			—			—			3,697			—			—		3,697
Income taxes receivable	—			—		—			623			—			—			623			—			—		623
Prepaid expenses and other	—			—		32,921			3,376			—			—			36,297			—			—		36,297
Property and equipment, net	—			—		49,087			31,333			—			—			80,420			—			—		80,420
Goodwill	—			—		91,131			52,622			—			—			143,753			—			—		143,753
Other intangibles, net	15			—		4,582			26,228			—			—			30,825			—			—		30,825
Intercompany receivable	—			38,781		42,511			(20,439		)	—			(60,853		)	—			—			—		—
Investment in subsidiaries	53,213			1,016,398		—			—			—			(1,069,611		)	—			(52,249		)	52,249		—
Other	6,608			—		5,230			971			—			—			12,809			—			—		12,809
Total assets	$	59,836		$	1,055,179	$	377,541		$	280,152		$	178,606		$	(1,130,464	)	$	820,850		$	(52,249	)	$	52,249	$	820,850
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,334		$	9	$	35,755		$	15,288		$	14		$	—		$	53,400		$	157		$	—	$	53,557
Deferred revenue	—			—		5,488			5,081			(21		)	—			10,548			—			—		10,548
Income taxes payable	(64,622		)	96,958		(22,534		)	—			—			—			9,802			(4,327		)	—		5,475
Accrued interest	20,946			—		—			(8		)	1,237			—			22,175			—			—		22,175
Payable to CURO Holdings Corp.	38,847			—		62,081			—			—			—			100,928			(100,928		)	—		—
CSO guarantee liability	—			—		11,619			—			—			—			11,619			—			—		11,619
Deferred rent	—			—		9,772			1,709			—			—			11,481			—			—		11,481
Long-term debt (excluding current maturities)	512,135			—		—			(76		)	114,774			—			626,833			—			—		626,833
Subordinated shareholder debt	—			—		—			2,278			—			—			2,278			—			—		2,278
Intercompany payable	(395,121		)	895,349		(347,983		)	60,853			(152,245		)	(60,853		)	—			—			—		—
Other long-term liabilities	—			—		5,095			1,494			—			—			6,589			—			—		6,589
Deferred tax liabilities	(2,434		)	9,650		2,534			7,696			—			—			17,446			—			—		17,446
Total liabilities	112,085			1,001,966		(238,173		)	94,315			(36,241		)	(60,853		)	873,099			(105,098		)	—		768,001
Stockholder’s equity	(52,249		)	53,213		615,714			185,837			214,847			(1,069,611		)	(52,249		)	52,849			52,249		52,849
Total liabilities and stockholder’s equity	$	59,836		$	1,055,179	$	377,541		$	280,152		$	178,606		$	(1,130,464	)	$	820,850		$	(52,249	)	$	52,249	$	820,850

	December 31, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—		$	117,379		$	44,915		$	—		$	—		$	162,294		$	80		$	—	$	162,374
Restricted cash	—			—			1,677			3,569			6,871			—			12,117			—			—		12,117
Loans receivable, net	—			—			84,912			110,651			167,706			—			363,269			—			—		363,269
Deferred income taxes	—			2,154			(4,646		)	3,502			—			—			1,010			(238		)	—		772
Income taxes receivable	—			—			—			—			—			—			—			3,455			—		3,455
Prepaid expenses and other	—			—			38,277			3,353			—			—			41,630			882			—		42,512
Property and equipment, net	—			—			52,627			34,459			—			—			87,086			—			—		87,086
Goodwill	—			—			91,131			54,476			—			—			145,607			—			—		145,607
Other intangibles, net	16			—			5,418			27,335			—			—			32,769			—			—		32,769
Intercompany receivable	—			37,877			33,062			(30,588		)	—			(40,351		)	—			—			—		—
Investment in subsidiaries	(14,504		)	899,371			—			—			—			(884,867		)	—			(84,889		)	84,889		—
Other	5,713			—			3,017			1,040			—			—			9,770			—			—		9,770
Total assets	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,606		$	13		$	35,753		$	15,954		$	12		$	—		$	54,338		$	1,454		$	—	$	55,792
Deferred revenue	—			—			6,529			5,455			—			—			11,984			—			—		11,984
Income taxes payable	(49,738		)	70,231			(18,450		)	2,077			—			—			4,120			—			—		4,120
Accrued interest	24,201			—			—			—			1,266			—			25,467			—			—		25,467
Payable to CURO Holdings Corp.	184,348			—			(95,048		)	—			—			—			89,300			(89,300		)	—		—
CSO guarantee liability	—			—			17,795			—			—			—			17,795			—			—		17,795
Deferred rent	—			—			9,896			1,681			—			—			11,577			—			—		11,577
Long-term debt	585,823			—			—			—			120,402			—			706,225			—			—		706,225
Subordinated shareholder debt	—			—			—			2,381			—			—			2,381			—			—		2,381
Intercompany payable	(668,536		)	876,869			(124,332		)	40,351			(84,001		)	(40,351		)	—			—			—		—
Other long-term liabilities	—			—			3,969			1,799			—			—			5,768			—			—		5,768
Deferred tax liabilities	(2,590		)	6,793			(143		)	7,426			—			—			11,486			—			—		11,486
Total liabilities	76,114			953,906			(164,031		)	77,124			37,679			(40,351		)	940,441			(87,846		)	—		852,595
Stockholder’s equity	(84,889		)	(14,504		)	586,885			175,588			136,898			(884,867		)	(84,889		)	7,136			84,889		7,136
Total liabilities and stockholder’s equity	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731

Condensed Consolidating Statements of Income

	Three Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	118,034		$	58,857		$	72,092				$	248,983	$	—		$	—		$	248,983
Provision for losses	—			—			46,320			19,999			25,667					91,986		—			—			91,986
Net revenue	—			—			71,714			38,858			46,425		—			156,997		—			—			156,997
Cost of providing services:
Salaries and benefits	—			—			18,070			8,837			—		—			26,907		—			—			26,907
Occupancy	—			—			7,643			5,677			—		—			13,320		—			—			13,320
Office	—			—			4,247			1,830			—		—			6,077		—			—			6,077
Other costs of providing services	—			—			11,254			1,007			466		—			12,727		—			—			12,727
Advertising	—			—			12,409			5,145			—		—			17,554		—			—			17,554
Total cost of providing services	—			—			53,623			22,496			466		—			76,585		—			—			76,585
Gross margin	—			—			18,091			16,362			45,959		—			80,412		—			—			80,412
Operating (income) expense:
Corporate, district and other	458			18			25,383			10,434			46		—			36,339		2,316			—			38,655
Intercompany management fee	—			—			(6,920		)	3,281			3,639		—			—		—			—			—
Interest expense	16,585			—			(60		)	—			3,940		—			20,465		—			—			20,465
Loss on extinguishment of debt	—			—			—			—			—		—			—		—			—			—
Intercompany interest (income) expense	—			(904		)	(180		)	1,084			—		—			—		—			—			—
Total operating expense	17,043			(886		)	18,223			14,799			7,625		—			56,804		2,316			—			59,120
Net income (loss) before income taxes	(17,043		)	886			(132		)	1,563			38,334		—			23,608		(2,316		)	—			21,292
Provision for income tax expense (benefit)	(5,418		)	13,668			(4,458		)	2,101			—		—			5,893		(576		)	—			5,317
Net income (loss)	(11,625		)	(12,782		)	4,326			(538		)	38,334		—			17,715		(1,740		)	—			15,975
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—			—		—			—		17,715			(17,715		)	—
CURO Intermediate	(12,782		)	—			—			—			—		12,782			—		—			—			—
Guarantor Subsidiaries	4,326			—			—			—			—		(4,326		)	—		—			—			—
Non-Guarantor Subsidiaries	(538		)	—			—			—			—		538			—		—			—			—
SPV Subs	38,334			—			—			—			—		(38,334		)	—		—			—			—
Net income (loss) attributable to CURO	$	17,715		$	(12,782	)	$	4,326		$	(538	)	$	38,334	$	(29,340	)	$	17,715	$	15,975		$	(17,715	)	$	15,975

	Three Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	102,189		$	53,180	$	61,575		$	—		$	216,944	$	—		$	—		$	216,944
Provision for losses	—			—			36,079			13,489		15,878			—			65,446		—			—			65,446
Net revenue	—			—			66,110			39,691		45,697			—			151,498		—			—			151,498
Cost of providing services:
Salaries and benefits	—			—			17,736			8,564		—			—			26,300		—			—			26,300
Occupancy	—			—			7,791			5,720		—			—			13,511		—			—			13,511
Office	—			—			3,721			1,215		—			—			4,936		—			—			4,936
Other store operating expenses	—			—			11,513			1,566		29			—			13,108		—			—			13,108
Advertising	—			—			7,898			3,743		—			—			11,641		—			—			11,641
Total cost of providing services	—			—			48,659			20,808		29			—			69,496		—			—			69,496
Gross Margin	—			—			17,451			18,883		45,668			—			82,002		—			—			82,002
Operating (income) expense:
Corporate, district and other	2,447			(78		)	21,484			8,563		4,067			—			36,483		74			—			36,557
Intercompany management fee	—			—			(3,865		)	3,865		—			—			—		—			—			—
Interest expense	15,174			—			—			61		3,249			—			18,484		—			—			18,484
Intercompany interest (income) expense	—			(1,042		)	1,691			1,207		(1,856		)	—			—		—			—			—
Total operating expense	17,621			(1,120		)	19,310			13,696		5,460			—			54,967		74			—			55,041
Net (loss) income before income taxes	(17,621		)	1,120			(1,859		)	5,187		40,208			—			27,035		(74		)	—			26,961
Provision for income tax (benefit) expense	(6,166		)	17,560			(3,072		)	2,389		—			—			10,711		(92		)	—			10,619
Net income (loss)	(11,455		)	(16,440		)	1,213			2,798		40,208			—			16,324		18			—			16,342
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—			—			—		16,324			(16,324		)	—
CURO Intermediate	(16,440		)	—			—			—		—			16,440			—		—			—			—
Guarantor Subsidiaries	1,213			—			—			—		—			(1,213		)	—		—			—			—
Non-Guarantor Subsidiaries	2,798			—			—			—		—			(2,798		)	—		—			—			—
SPV Subs	40,208			—			—			—		—			(40,208		)	—		—			—			—
Net income (loss) attributable to CURO	$	16,324		$	(16,440	)	$	1,213		$	2,798	$	40,208		$	(27,779	)	$	16,324	$	16,342		$	(16,324	)	$	16,342

	Six Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	246,442		$	116,022	$	148,277				$	510,741	$	—		$	—		$	510,741
Provision for losses	—			—			82,089			36,697		54,231					173,017		—			—			173,017
Net revenue	—			—			164,353			79,325		94,046		—			337,724		—			—			337,724
Cost of providing services:
Salaries and benefits	—			—			36,089			17,737		—		—			53,826		—			—			53,826
Occupancy	—			—			15,289			11,458		—		—			26,747		—			—			26,747
Office	—			—			9,830			3,227		—		—			13,057		—			—			13,057
Other costs of providing services	—			—			23,284			2,896		947		—			27,127		—			—			27,127
Advertising	—			—			17,568			9,742		—		—			27,310		—			—			27,310
Total cost of providing services	—			—			102,060			45,060		947		—			148,067		—			—			148,067
Gross margin	—			—			62,293			34,265		93,099		—			189,657		—			—			189,657
Operating (income) expense:
Corporate, district and other	906			25			53,375			20,356		76		—			74,738		4,371			—			79,109
Intercompany management fee	—			—			(13,822		)	6,775		7,047		—			—		—			—			—
Interest expense	34,907			—			(172		)	52		8,027		—			42,814		—			—			42,814
Loss on extinguishment of debt	11,683			—			—			—		—		—			11,683		—			—			11,683
Intercompany interest (income) expense	—			(1,784		)	(259		)	2,043		—		—			—		—			—			—
Total operating expense	47,496			(1,759		)	39,122			29,226		15,150		—			129,235		4,371			—			133,606
Net income (loss) before income taxes	(47,496		)	1,759			23,171			5,039		77,949		—			60,422		(4,371		)	—			56,051
Provision for income tax expense (benefit)	(12,259		)	32,165			(6,043		)	4,030		—		—			17,893		(1,109		)	—			16,784
Net income (loss)	(35,237		)	(30,406		)	29,214			1,009		77,949		—			42,529		(3,262		)	—			39,267
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—		42,529			(42,529		)	—
CURO Intermediate	(30,406		)	—			—			—		—		30,406			—		—			—			—
Guarantor Subsidiaries	29,214			—			—			—		—		(29,214		)	—		—			—			—
Non-Guarantor Subsidiaries	1,009			—			—			—		—		(1,009		)	—		—			—			—
SPV Subs	77,949			—			—			—		—		(77,949		)	—		—			—			—
Net income (loss) attributable to CURO	$	42,529		$	(30,406	)	$	29,214		$	1,009	$	77,949	$	(77,766	)	$	42,529	$	39,267		$	(42,529	)	$	39,267

	Six Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	214,312		$	103,438	$	123,774	$	—		$	441,524	$	—		$	—		$	441,524
Provision for losses	—			—			64,136			26,030		37,016		—			127,182		—			—			127,182
Net revenue	—			—			150,176			77,408		86,758		—			314,342		—			—			314,342
Cost of providing services:
Salaries and benefits	—			—			35,589			17,144		—		—			52,733		—			—			52,733
Occupancy	—			—			15,936			11,670		—		—			27,606		—			—			27,606
Office	—			—			7,486			2,318		—		—			9,804		—			—			9,804
Other store operating expenses	—			—			25,015			2,884		64		—			27,963		—			—			27,963
Advertising	—			—			12,592			6,737		—		—			19,329		—			—			19,329
Total cost of providing services	—			—			96,618			40,753		64		—			137,435		—			—			137,435
Gross Margin	—			—			53,558			36,655		86,694		—			176,907		—			—			176,907
Operating (income) expense:
Corporate, district and other	2,977			(70		)	43,787			16,507		4,181		—			67,382		2,168			—			69,550
Intercompany management fee	—			—			(6,809		)	6,809		—		—			—		—			—			—
Interest expense	22,456			9,613			1			82		6,388		—			38,540		3,310			—			41,850
Intercompany interest (income) expense	—			(2,190		)	(330		)	2,520		—		—			—		—			—			—
Loss on extinguishment of debt	—			11,884			—			—		—		—			11,884		574			—			12,458
Total operating expense	25,433			19,237			36,649			25,918		10,569		—			117,806		6,052			—			123,858
Net (loss) income before income taxes	(25,433		)	(19,237		)	16,909			10,737		76,125		—			59,101		(6,052		)	—			53,049
Provision for income tax (benefit) expense	(10,126		)	34,172			(6,047		)	4,433		—		—			22,432		(2,363		)	—			20,069
Net income (loss)	(15,307		)	(53,409		)	22,956			6,304		76,125		—			36,669		(3,689		)	—			32,980
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—		36,669			(36,669		)	—
CURO Intermediate	(53,409		)	—			—			—		—		53,409			—		—			—			—
Guarantor Subsidiaries	22,956			—			—			—		—		(22,956		)	—		—			—			—
Non-Guarantor Subsidiaries	6,304			—			—			—		—		(6,304		)	—		—			—			—
SPV Subs	76,125			—			—			—		—		(76,125		)	—		—			—			—
Net income (loss) attributable to CURO	$	36,669		$	(53,409	)	$	22,956		$	6,304	$	76,125	$	(51,976	)	$	36,669	$	32,980		$	(36,669	)	$	32,980

Condensed Consolidating Statements of Cash Flows

	Six Months Ended June 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash provided (used)	$	78,548		$	—	$	(46,381	)	$	4,174		$	6,566		$	3,538		$	46,445		$	(12,550	)	$	—	$	33,895
Cash flows from investing activities:
Purchase of property, equipment and software	—			—		(1,983		)	(1,072		)	—			—			(3,055		)	—			—		(3,055		)
Cash paid for Cognical Holdings preferred shares	(958		)	—		—			—			—			—			(958		)	—			—		(958		)
Change in restricted cash	—			—		(2		)	(6		)	(403		)	—			(411		)	—			—		(411		)
Net cash used	(958		)	—		(1,985		)	(1,078		)	(403		)	—			(4,424		)	—			—		(4,424		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility	—			—		—			—			13,000			—			13,000			—			—		13,000
Payments on Non-Recourse U.S. SPV facility	—			—		—			—			(19,163		)	—			(19,163		)	—			—		(19,163		)
Proceeds from revolving credit facilities	10,000			—		—			8,798			—			—			18,798			—			—		18,798
Payments on revolving credit facilities	(10,000		)	—		—			(8,798		)	—			—			(18,798		)	—			—		(18,798		)
Proceeds from issuance of common stock	—			—		—			—			—			—			—			12,431			—		12,431
Proceeds from exercise of stock options	—			—		—			—			—			—			—			39			—		39
Payments on 12.00% Senior Secured Notes	(77,500		)	—		—			—			—			—			(77,500		)	—			—		(77,500		)
Debt issuance costs paid	(90		)	—		—			(78		)	—			—			(168		)	—			—		(168		)
Net cash provided (used)	(77,590		)	—		—			(78		)	(6,163		)	—			(83,831		)	12,470			—		(71,361		)
Effect of exchange rate changes on cash	—			—		—			(1,841		)	—			(3,538		)	(5,379		)	—			—		(5,379		)
Net increase (decrease) in cash	—			—		(48,366		)	1,177			—			—			(47,189		)	(80		)	—		(47,269		)
Cash at beginning of period	—			—		117,379			44,915			—			—			162,294			80			—		162,374
Cash at end of period	$	—		$	—	$	69,013		$	46,092		$	—		$	—		$	115,105		$	—		$	—	$	115,105

	Six Months Ended June 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash (used) provided	$	(284,269	)	$	424,080		$	(55,496	)	$	(17,605	)	$	(11,422	)	$	(431	)	$	54,857		$	(5,083	)	$	—	$	49,774
Cash flows from investing activities:
Purchase of property, equipment and software	—			—			(4,648		)	(2,180		)	—			—			(6,828		)	—			—		(6,828		)
Cash paid for Cognical investment	(4,975		)	—			—			—			—			—			(4,975		)	—			—		(4,975		)
Change in restricted cash	—			—			8			121			(4,566		)	—			(4,437		)	—			—		(4,437		)
Net cash used	(4,975		)	—			(4,640		)	(2,059		)	(4,566		)	—			(16,240		)	—			—		(16,240		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			41,130			—			41,130			—			—		41,130
Payments on Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			(25,142		)	—			(25,142		)	—			—		(25,142		)
Proceeds from issuance of 12.00% Senior Secured Notes	461,329			—			—			—			—			—			461,329			—			—		461,329
Payments on 10.75% Senior Secured Notes	—			(426,034		)	—			—			—			—			(426,034		)	—			—		(426,034		)
Payments on 12.00% Senior Cash Pay Notes	—			—			—			—			—			—			—			(125,000		)	—		(125,000		)
Dividends (paid) received	(158,083		)	—			—			—			—			—			(158,083		)	130,083			—		(28,000		)
Debt issuance costs paid	(14,002		)	—			—			—			—			—			(14,002		)	—			—		(14,002		)
Net cash provided (used)	289,244			(426,034		)	—			—			15,988			—			(120,802		)	5,083			—		(115,719		)
Effect of exchange rate changes on cash	—			—			—			2,009			—			431			2,440			—			—		2,440
Net decrease in cash	—			(1,954		)	(60,136		)	(17,655		)	—			—			(79,745		)	—			—		(79,745		)
Cash at beginning of period	—			1,954			127,712			63,779			—			—			193,445			80			—		193,525
Cash at end of period	$	—		$	—		$	67,576		$	46,124		$	—		$	—		$	113,700		$	80		$	—	$	113,780