CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

Condensed Consolidating Balance Sheets

	March 31, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—	$	82,358		$	48,381		$	—		$	—		$	130,739		$	—		$	—	$	130,739
Restricted cash	—			—		1,678			3,710			12,268			—			17,656			—			—		17,656
Loans receivable, net	—			—		68,304			110,775			149,873			—			328,952			—			—		328,952
Deferred income taxes	—			1,002		(3,313		)	4,128			—			—			1,817			—			—		1,817
Prepaid expenses and other	—			—		29,304			3,449			—			—			32,753			—			—		32,753
Property and equipment, net	—			—		50,613			32,909			—			—			83,522			—			—		83,522
Goodwill	—			—		91,130			54,634			—			—			145,764			—			—		145,764
Other intangibles, net	16			—		5,024			26,921			—			—			31,961			—			—		31,961
Intercompany receivable	—			37,877		19,236			(17,249		)	—			(39,864		)	—			—			—		—
Investment in subsidiaries	31,067			981,468		—			—			—			(1,012,535		)	—			(62,855		)	62,855		—
Other	6,668			—		4,499			1,050			—			—			12,217			—			—		12,217
Total assets	$	37,751		$	1,020,347	$	348,833		$	268,708		$	162,141		$	(1,052,399	)	$	785,381		$	(62,855	)	$	62,855	$	785,381
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,346		$	16	$	33,274		$	17,176		$	15		$	—		$	52,827		$	33		$	—	$	52,860
Deferred revenue	—			—		5,031			5,145			(24		)	—			10,152			—			—		10,152
Income taxes payable	(56,738		)	87,519		(18,566		)	269			—			—			12,484			(3,750		)	—		8,734
Accrued interest	5,121			—		—			—			1,263			—			6,384			—			—		6,384
Payable to CURO Holdings Corp.	38,848			—		62,839			—			—			—			101,687			(101,687		)	—		—
CSO guarantee liability	—			—		10,412			—			—			—			10,412			—			—		10,412
Deferred rent	—			—		9,837			1,895			—			—			11,732			—			—		11,732
Long-term debt (excluding current maturities)	511,494			—		—			—			111,150			—			622,644			—			—		622,644
Subordinated shareholder debt	—			—		—			2,322			—			—			2,322			—			—		2,322
Intercompany payable	(398,033		)	894,896		(370,086		)	39,864			(126,777		)	(39,864		)	—			—			—		—
Other long-term liabilities	—			—		4,539			1,660			—			—			6,199			—			—		6,199
Deferred tax liabilities	(2,432		)	6,849		(276		)	7,252			—			—			11,393			—			—		11,393
Total liabilities	100,606			989,280		(262,996		)	75,583			(14,373		)	(39,864		)	848,236			(105,404		)	—		742,832
Stockholder’s equity	(62,855		)	31,067		611,829			193,125			176,514			(1,012,535		)	(62,855		)	42,549			62,855		42,549
Total liabilities and stockholder’s equity	$	37,751		$	1,020,347	$	348,833		$	268,708		$	162,141		$	(1,052,399	)	$	785,381		$	(62,855	)	$	62,855	$	785,381

	December 31, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			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 Income Statement

Condensed Consolidating Statements of Income

	Three Months Ended March 31, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs		Eliminations			Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	128,408		$	57,165	$	76,185	$	—		$	261,758	$	—		$	—		$	261,758
Provision for losses	—			—			35,769			16,698		28,564		—			81,031		—			—			81,031
Net revenue	—			—			92,639			40,467		47,621		—			180,727		—			—			180,727
Cost of providing services:
Salaries and benefits	—			—			18,018			8,900		—		—			26,918		—			—			26,918
Occupancy	—			—			7,646			5,781		—		—			13,427		—			—			13,427
Office	—			—			5,582			1,399		—		—			6,981		—			—			6,981
Other costs of providing services	—			—			12,030			1,889		481		—			14,400		—			—			14,400
Advertising	—			—			5,159			4,597		—		—			9,756		—			—			9,756
Total cost of providing services	—			—			48,435			22,566		481		—			71,482		—			—			71,482
Gross margin	—			—			44,204			17,901		47,140		—			109,245		—			—			109,245
Operating (income) expense:
Corporate, district and other	448			7			27,992			9,922		30		—			38,399		2,055			—			40,454
Intercompany management fee	—			—			(6,902		)	3,494		3,408		—			—		—			—			—
Interest expense	18,322			—			(112		)	52		4,087		—			22,349		—			—			22,349
Loss on extinguishment of debt	11,683			—			—			—		—		—			11,683		—			—			11,683
Intercompany interest (income) expense	—			(880		)	(79		)	959		—		—			—		—			—			—
Total operating expense	30,453			(873		)	20,899			14,427		7,525		—			72,431		2,055			—			74,486
Net income (loss) before income taxes	(30,453		)	873			23,305			3,474		39,615		—			36,814		(2,055		)	—			34,759
Provision for income tax expense (benefit)	(6,841		)	18,497			(1,585		)	1,929		—		—			12,000		(533		)	—			11,467
Net income (loss)	(23,612		)	(17,624		)	24,890			1,545		39,615		—			24,814		(1,522		)	—			23,292
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—		24,814			(24,814		)	—
CURO Intermediate	(17,624		)	—			—			—		—		17,624			—		—			—			—
Guarantor Subsidiaries	24,890			—			—			—		—		(24,890		)	—		—			—			—
Non-Guarantor Subsidiaries	1,545			—			—			—		—		(1,545		)	—		—			—			—
SPV Subs	39,615			—			—			—		—		(39,615		)	—		—			—			—
Net income (loss) attributable to CURO	$	24,814		$	(17,624	)	$	24,890		$	1,545	$	39,615	$	(48,426	)	$	24,814	$	23,292		$	(24,814	)	$	23,292

	Three Months Ended March 31, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs		Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	112,123		$	50,258	$	62,199	$	—		$	224,580	$	—		$	—		$	224,580
Provision for losses	—			—			28,056			12,542		21,138		—			61,736		—			—			61,736
Net revenue	—			—			84,067			37,716		41,061		—			162,844		—			—			162,844
Cost of providing services:
Salaries and benefits	—			—			17,853			8,580		—		—			26,433		—			—			26,433
Occupancy	—			—			8,145			5,950		—		—			14,095		—			—			14,095
Office	—			—			3,764			1,104		—		—			4,868		—			—			4,868
Other store operating expenses	—			—			13,504			1,316		35		—			14,855		—			—			14,855
Advertising	—			—			4,694			2,994		—		—			7,688		—			—			7,688
Total cost of providing services	—			—			47,960			19,944		35		—			67,939		—			—			67,939
Gross Margin	—			—			36,107			17,772		41,026		—			94,905		—			—			94,905
Operating (income) expense:
Corporate, district and other	530			8			19,358			10,888		115		—			30,899		2,094			—			32,993
Interest expense	7,282			9,613			1			21		3,139		—			20,056		3,310			—			23,366
Intercompany interest (income) expense	—			(1,148		)	(2,022		)	1,314		1,856		—			—		—			—			—
Loss on extinguishment of debt	—			11,884			—			—		—		—			11,884		574			—			12,458
Total operating expense	7,812			20,357			17,337			12,223		5,110		—			62,839		5,978			—			68,817
Net (loss) income before income taxes	(7,812		)	(20,357		)	18,770			5,549		35,916		—			32,066		(5,978		)	—			26,088
Provision for income tax (benefit) expense	(3,960		)	16,611			(2,975		)	2,044		—		—			11,720		(2,270		)	—			9,450
Net income (loss)	(3,852		)	(36,968		)	21,745			3,505		35,916		—			20,346		(3,708		)	—			16,638
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—		20,346			(20,346		)	—
CURO Intermediate	(36,968		)	—			—			—		—		36,968			—		—			—			—
Guarantor Subsidiaries	21,745			—			—			—		—		(21,745		)	—		—			—			—
Non-Guarantor Subsidiaries	3,505			—			—			—		—		(3,505		)	—		—			—			—
SPV Subs	35,916			—			—			—		—		(35,916		)	—		—			—			—
Net income (loss) attributable to CURO	$	(15,570	)	$	(36,968	)	$	21,745		$	3,505	$	35,916	$	11,718		$	20,346	$	16,638		$	(20,346	)	$	16,638

Condensed Cash Flow Statement

Condensed Consolidating Statements of Cash Flows

	Three Months Ended March 31, 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)	$	78,529		$	—	$	(34,233	)	$	4,868		$	14,916		$	3,922		$	68,002		$	(13,215	)	$	—	$	54,787
Cash flows from investing activities:
Purchase of property, equipment and software	—			—		(788		)	(821		)	—			—			(1,609		)	—			—		(1,609		)
Cash paid for Cognical Holdings preferred shares	(958		)	—		—			—			—			—			(958		)	—			—		(958		)
Change in restricted cash	—			—		—			(6		)	(5,397		)	—			(5,403		)	—			—		(5,403		)
Net cash provided (used)	(958		)	—		(788		)	(827		)	(5,397		)	—			(7,970		)	—			—		(7,970		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility	—			—		—			—			3,000			—			3,000			—			—		3,000
Payments on Non-Recourse U.S. SPV facility	—			—		—			—			(12,519		)	—			(12,519		)	—			—		(12,519		)
Proceeds from revolving credit facilities	10,000			—		—			—			—			—			10,000			—			—		10,000
Payments on revolving credit facilities	(10,000		)	—		—			—			—			—			(10,000		)	—			—		(10,000		)
Proceeds from issuance of common stock	—			—		—			—			—			—			—			13,135			—		13,135
Payments on 12.00% Senior Secured Notes	(77,500		)	—		—			—			—			—			(77,500		)	—			—		(77,500		)
Debt issuance costs paid	(71		)	—		—			—			—			—			(71		)	—			—		(71		)
Net cash provided (used)	(77,571		)	—		—			—			(9,519		)	—			(87,090		)	13,135			—		(73,955		)
Effect of exchange rate changes on cash	—			—		—			(575		)	—			(3,922		)	(4,497		)	—			—		(4,497		)
Net increase (decrease) in cash	—			—		(35,021		)	3,466			—			—			(31,555		)	(80		)	—		(31,635		)
Cash at beginning of period	—			—		117,379			44,915			—			—			162,294			80					162,374
Cash at end of period	$	—		$	—	$	82,358		$	48,381		$	—		$	—		$	130,739		$	—		$	—	$	130,739

	Three Months Ended March 31, 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	$	(317,556	)	$	427,790		$	(33,328	)	$	(13,996	)	$	(891	)	$	(11	)	$	62,008		$	(5,083	)	$	—	$	56,925
Cash flows from investing activities:
Purchase of property, equipment and software	—			—			(1,672		)	(1,421		)	—			—			(3,093		)	—			—		(3,093		)
Change in restricted cash	—			—			—			121			(7,114		)	—			(6,993		)	—			—		(6,993		)
Net cash used	—			—			(1,672		)	(1,300		)	(7,114		)	—			(10,086		)	—			—		(10,086		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			19,802			—			19,802			—			—		19,802
Payments on Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			(11,797		)	—			(11,797		)	—			—		(11,797		)
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	(130,083		)	—			—			—			—			—			(130,083		)	130,083			—		—
Debt issuance costs paid	(13,690		)	—			—			—			—			—			(13,690		)	—			—		(13,690		)
Net cash provided (used)	317,556			(426,034		)	—			—			8,005			—			(100,473		)	5,083			—		(95,390		)
Effect of exchange rate changes on cash	—			—			—			818			—			11			829			—			—		829
Net increase (decrease) in cash	—			1,756			(35,000		)	(14,478		)	—			—			(47,722		)	—			—		(47,722		)
Cash at beginning of period	—			1,954			127,712			63,779			—			—			193,445			80			—		193,525
Cash at end of period	$	—		$	3,710		$	92,712		$	49,301		$	—		$	—		$	145,723		$	80		$	—	$	145,803