XML 97 R64.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Condensed Balance Sheets (Details) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Mar. 31, 2017
Dec. 31, 2016
Assets:        
Cash $ 130,739 $ 162,374 $ 145,803 $ 193,525
Restricted cash 17,656 12,117    
Loans receivable, net 328,952 363,269    
Deferred income taxes 1,817 772    
Income taxes receivable 0 3,455    
Prepaid expenses and other 32,753 42,512    
Property and equipment, net 83,522 87,086    
Goodwill 145,764 145,607    
Other intangibles, net 31,961 32,769    
Intercompany receivable 0 0    
Investment in subsidiaries 0 0    
Other 12,217 9,770    
Total Assets 785,381 859,731    
Liabilities and Stockholder's equity:        
Accounts payable and accrued liabilities 52,860 55,792    
Deferred revenue 10,152 11,984    
Income taxes payable 8,734 4,120    
Accrued interest (includes accrued interest of consolidated VIEs of $1,263 and $1,266 as of March 31, 2018 and December 31, 2017, respectively) 6,384 25,467    
Payable to CURO Holdings Corp. 0 0    
Credit services organization guarantee liability 10,412 17,795 19,785 17,052
Deferred rent 11,732 11,577    
Long-term debt (excluding current maturities) 622,644 706,225    
Subordinated shareholder debt 2,322 2,381    
Intercompany payable 0 0    
Other long-term liabilities 6,199 5,768    
Deferred tax liabilities 11,393 11,486    
Total Liabilities 742,832 852,595    
Stockholder’s equity 42,549 7,136    
Total Liabilities and Stockholder’s Equity 785,381 859,731    
Consolidation, Eliminations        
Assets:        
Cash 0 0 0 0
Restricted cash 0 0    
Loans receivable, net 0 0    
Deferred income taxes 0 0    
Income taxes receivable   0    
Prepaid expenses and other 0 0    
Property and equipment, net 0 0    
Goodwill 0 0    
Other intangibles, net 0 0    
Intercompany receivable 0 0    
Investment in subsidiaries 62,855 84,889    
Other 0 0    
Total Assets 62,855 84,889    
Liabilities and Stockholder's equity:        
Accounts payable and accrued liabilities 0 0    
Deferred revenue 0 0    
Income taxes payable 0 0    
Accrued interest (includes accrued interest of consolidated VIEs of $1,263 and $1,266 as of March 31, 2018 and December 31, 2017, respectively) 0 0    
Payable to CURO Holdings Corp. 0 0    
Credit services organization guarantee liability 0 0    
Deferred rent 0 0    
Long-term debt (excluding current maturities) 0 0    
Subordinated shareholder debt 0 0    
Intercompany payable 0 0    
Other long-term liabilities 0 0    
Deferred tax liabilities 0 0    
Total Liabilities 0 0    
Stockholder’s equity 62,855 84,889    
Total Liabilities and Stockholder’s Equity 62,855 84,889    
Subsidiaries        
Assets:        
Cash 130,739 162,294 145,723 193,445
Restricted cash 17,656 12,117    
Loans receivable, net 328,952 363,269    
Deferred income taxes 1,817 1,010    
Income taxes receivable   0    
Prepaid expenses and other 32,753 41,630    
Property and equipment, net 83,522 87,086    
Goodwill 145,764 145,607    
Other intangibles, net 31,961 32,769    
Intercompany receivable 0 0    
Investment in subsidiaries 0 0    
Other 12,217 9,770    
Total Assets 785,381 855,552    
Liabilities and Stockholder's equity:        
Accounts payable and accrued liabilities 52,827 54,338    
Deferred revenue 10,152 11,984    
Income taxes payable 12,484 4,120    
Accrued interest (includes accrued interest of consolidated VIEs of $1,263 and $1,266 as of March 31, 2018 and December 31, 2017, respectively) 6,384 25,467    
Payable to CURO Holdings Corp. 101,687 89,300    
Credit services organization guarantee liability 10,412 17,795    
Deferred rent 11,732 11,577    
Long-term debt (excluding current maturities) 622,644 706,225    
Subordinated shareholder debt 2,322 2,381    
Intercompany payable 0 0    
Other long-term liabilities 6,199 5,768    
Deferred tax liabilities 11,393 11,486    
Total Liabilities 848,236 940,441    
Stockholder’s equity (62,855) (84,889)    
Total Liabilities and Stockholder’s Equity 785,381 855,552    
Subsidiaries | Consolidation, Eliminations        
Assets:        
Cash 0 0 0 0
Restricted cash 0 0    
Loans receivable, net 0 0    
Deferred income taxes 0 0    
Income taxes receivable   0    
Prepaid expenses and other 0 0    
Property and equipment, net 0 0    
Goodwill 0 0    
Other intangibles, net 0 0    
Intercompany receivable (39,864) (40,351)    
Investment in subsidiaries (1,012,535) (884,867)    
Other 0 0    
Total Assets (1,052,399) (925,218)    
Liabilities and Stockholder's equity:        
Accounts payable and accrued liabilities 0 0    
Deferred revenue 0 0    
Income taxes payable 0 0    
Accrued interest (includes accrued interest of consolidated VIEs of $1,263 and $1,266 as of March 31, 2018 and December 31, 2017, respectively) 0 0    
Payable to CURO Holdings Corp. 0 0    
Credit services organization guarantee liability 0 0    
Deferred rent 0 0    
Long-term debt (excluding current maturities) 0 0    
Subordinated shareholder debt 0 0    
Intercompany payable (39,864) (40,351)    
Other long-term liabilities 0 0    
Deferred tax liabilities 0 0    
Total Liabilities (39,864) (40,351)    
Stockholder’s equity (1,012,535) (884,867)    
Total Liabilities and Stockholder’s Equity (1,052,399) (925,218)    
Subsidiary Guarantors | Reportable Legal Entities        
Assets:        
Cash 82,358 117,379 92,712 127,712
Restricted cash 1,678 1,677    
Loans receivable, net 68,304 84,912    
Deferred income taxes (3,313) (4,646)    
Income taxes receivable   0    
Prepaid expenses and other 29,304 38,277    
Property and equipment, net 50,613 52,627    
Goodwill 91,130 91,131    
Other intangibles, net 5,024 5,418    
Intercompany receivable 19,236 33,062    
Investment in subsidiaries 0 0    
Other 4,499 3,017    
Total Assets 348,833 422,854    
Liabilities and Stockholder's equity:        
Accounts payable and accrued liabilities 33,274 35,753    
Deferred revenue 5,031 6,529    
Income taxes payable (18,566) (18,450)    
Accrued interest (includes accrued interest of consolidated VIEs of $1,263 and $1,266 as of March 31, 2018 and December 31, 2017, respectively) 0 0    
Payable to CURO Holdings Corp. 62,839 (95,048)    
Credit services organization guarantee liability 10,412 17,795    
Deferred rent 9,837 9,896    
Long-term debt (excluding current maturities) 0 0    
Subordinated shareholder debt 0 0    
Intercompany payable (370,086) (124,332)    
Other long-term liabilities 4,539 3,969    
Deferred tax liabilities (276) (143)    
Total Liabilities (262,996) (164,031)    
Stockholder’s equity 611,829 586,885    
Total Liabilities and Stockholder’s Equity 348,833 422,854    
Subsidiary Non-Guarantors | Reportable Legal Entities        
Assets:        
Cash 48,381 44,915 49,301 63,779
Restricted cash 3,710 3,569    
Loans receivable, net 110,775 110,651    
Deferred income taxes 4,128 3,502    
Income taxes receivable   0    
Prepaid expenses and other 3,449 3,353    
Property and equipment, net 32,909 34,459    
Goodwill 54,634 54,476    
Other intangibles, net 26,921 27,335    
Intercompany receivable (17,249) (30,588)    
Investment in subsidiaries 0 0    
Other 1,050 1,040    
Total Assets 268,708 252,712    
Liabilities and Stockholder's equity:        
Accounts payable and accrued liabilities 17,176 15,954    
Deferred revenue 5,145 5,455    
Income taxes payable 269 2,077    
Accrued interest (includes accrued interest of consolidated VIEs of $1,263 and $1,266 as of March 31, 2018 and December 31, 2017, respectively) 0 0    
Payable to CURO Holdings Corp. 0 0    
Credit services organization guarantee liability 0 0    
Deferred rent 1,895 1,681    
Long-term debt (excluding current maturities) 0 0    
Subordinated shareholder debt 2,322 2,381    
Intercompany payable 39,864 40,351    
Other long-term liabilities 1,660 1,799    
Deferred tax liabilities 7,252 7,426    
Total Liabilities 75,583 77,124    
Stockholder’s equity 193,125 175,588    
Total Liabilities and Stockholder’s Equity 268,708 252,712    
SPV Subs | Reportable Legal Entities        
Assets:        
Cash 0 0 0 0
Restricted cash 12,268 6,871    
Loans receivable, net 149,873 167,706    
Deferred income taxes 0 0    
Income taxes receivable   0    
Prepaid expenses and other 0 0    
Property and equipment, net 0 0    
Goodwill 0 0    
Other intangibles, net 0 0    
Intercompany receivable 0 0    
Investment in subsidiaries 0 0    
Other 0 0    
Total Assets 162,141 174,577    
Liabilities and Stockholder's equity:        
Accounts payable and accrued liabilities 15 12    
Deferred revenue (24) 0    
Income taxes payable 0 0    
Accrued interest (includes accrued interest of consolidated VIEs of $1,263 and $1,266 as of March 31, 2018 and December 31, 2017, respectively) 1,263 1,266    
Payable to CURO Holdings Corp. 0 0    
Credit services organization guarantee liability 0 0    
Deferred rent 0 0    
Long-term debt (excluding current maturities) 111,150 120,402    
Subordinated shareholder debt 0 0    
Intercompany payable (126,777) (84,001)    
Other long-term liabilities 0 0    
Deferred tax liabilities 0 0    
Total Liabilities (14,373) 37,679    
Stockholder’s equity 176,514 136,898    
Total Liabilities and Stockholder’s Equity 162,141 174,577    
CURO        
Assets:        
Cash 0 80 80 80
Restricted cash 0 0    
Loans receivable, net 0 0    
Deferred income taxes 0 (238)    
Income taxes receivable   3,455    
Prepaid expenses and other 0 882    
Property and equipment, net 0 0    
Goodwill 0 0    
Other intangibles, net 0 0    
Intercompany receivable 0 0    
Investment in subsidiaries (62,855) (84,889)    
Other 0 0    
Total Assets (62,855) (80,710)    
Liabilities and Stockholder's equity:        
Accounts payable and accrued liabilities 33 1,454    
Deferred revenue 0 0    
Income taxes payable (3,750) 0    
Accrued interest (includes accrued interest of consolidated VIEs of $1,263 and $1,266 as of March 31, 2018 and December 31, 2017, respectively) 0 0    
Payable to CURO Holdings Corp. (101,687) (89,300)    
Credit services organization guarantee liability 0 0    
Deferred rent 0 0    
Long-term debt (excluding current maturities) 0 0    
Subordinated shareholder debt 0 0    
Intercompany payable 0 0    
Other long-term liabilities 0 0    
Deferred tax liabilities 0 0    
Total Liabilities (105,404) (87,846)    
Stockholder’s equity 42,549 7,136    
Total Liabilities and Stockholder’s Equity (62,855) (80,710)    
CFTC | Subsidiary Issuer | Reportable Legal Entities        
Assets:        
Cash 0 0 0 0
Restricted cash 0 0    
Loans receivable, net 0 0    
Deferred income taxes 0 0    
Income taxes receivable   0    
Prepaid expenses and other 0 0    
Property and equipment, net 0 0    
Goodwill 0 0    
Other intangibles, net 16 16    
Intercompany receivable 0 0    
Investment in subsidiaries 31,067 (14,504)    
Other 6,668 5,713    
Total Assets 37,751 (8,775)    
Liabilities and Stockholder's equity:        
Accounts payable and accrued liabilities 2,346 2,606    
Deferred revenue 0 0    
Income taxes payable (56,738) (49,738)    
Accrued interest (includes accrued interest of consolidated VIEs of $1,263 and $1,266 as of March 31, 2018 and December 31, 2017, respectively) 5,121 24,201    
Payable to CURO Holdings Corp. 38,848 184,348    
Credit services organization guarantee liability 0 0    
Deferred rent 0 0    
Long-term debt (excluding current maturities) 511,494 585,823    
Subordinated shareholder debt 0 0    
Intercompany payable (398,033) (668,536)    
Other long-term liabilities 0 0    
Deferred tax liabilities (2,432) (2,590)    
Total Liabilities 100,606 76,114    
Stockholder’s equity (62,855) (84,889)    
Total Liabilities and Stockholder’s Equity 37,751 (8,775)    
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities        
Assets:        
Cash 0 0 $ 3,710 $ 1,954
Restricted cash 0 0    
Loans receivable, net 0 0    
Deferred income taxes 1,002 2,154    
Income taxes receivable   0    
Prepaid expenses and other 0 0    
Property and equipment, net 0 0    
Goodwill 0 0    
Other intangibles, net 0 0    
Intercompany receivable 37,877 37,877    
Investment in subsidiaries 981,468 899,371    
Other 0 0    
Total Assets 1,020,347 939,402    
Liabilities and Stockholder's equity:        
Accounts payable and accrued liabilities 16 13    
Deferred revenue 0 0    
Income taxes payable 87,519 70,231    
Accrued interest (includes accrued interest of consolidated VIEs of $1,263 and $1,266 as of March 31, 2018 and December 31, 2017, respectively) 0 0    
Payable to CURO Holdings Corp. 0 0    
Credit services organization guarantee liability 0 0    
Deferred rent 0 0    
Long-term debt (excluding current maturities) 0 0    
Subordinated shareholder debt 0 0    
Intercompany payable 894,896 876,869    
Other long-term liabilities 0 0    
Deferred tax liabilities 6,849 6,793    
Total Liabilities 989,280 953,906    
Stockholder’s equity 31,067 (14,504)    
Total Liabilities and Stockholder’s Equity $ 1,020,347 $ 939,402