XML 117 R64.htm IDEA: XBRL DOCUMENT v2.4.0.6
FCFI Transaction (Details) (USD $)
In Thousands, unless otherwise specified
1 Months Ended 0 Months Ended
Dec. 31, 2010
Dec. 31, 2012
Dec. 31, 2011
Nov. 30, 2010
Dec. 31, 2009
Nov. 30, 2010
AGF Holding Inc.
Nov. 30, 2010
Push-down adjustment
Nov. 30, 2010
Predecessor company
Dec. 31, 2009
Predecessor company
Nov. 30, 2010
Predecessor company
Prior to FCFI Transaction
Dec. 31, 2012
FCFI Acquisition LLC
AGF Holding Inc.
Dec. 31, 2012
AIG Capital Corporation
AGF Holding Inc.
Nov. 30, 2010
SLFI
Nov. 30, 2010
SLFI
AGF Holding Inc.
Nov. 30, 2010
SLFI
FCFI Acquisition LLC
Nov. 30, 2010
SLFI
AIG Capital Corporation
FCFI Transaction                                
Economic interest acquired (as a percent)           20.00%         80.00% 20.00%     80.00% 20.00%
Assets                                
Cash and cash equivalents   $ 1,400,000   $ 1,473,796       $ 1,473,796 $ 1,292,621 $ 1,473,796            
Investment securities       762,127           762,127            
Net finance receivables   11,696,727 13,016,119 14,327,857     (2,349,685)     16,677,542            
Allowance for finance receivable losses (7,120) (180,136) (72,000)   (1,516,298)   1,383,768     (1,383,768)            
Net finance receivables, less allowance for finance receivable losses       14,327,857     (965,917)     15,293,774            
Net other intangible assets   29,065 42,683 83,680     83,680                  
Other assets   460,106 614,598 1,640,283     154,134     1,486,149            
Total assets 18,132,960 14,654,771 15,382,414 18,287,743     (728,103)     19,015,846            
Liabilities and Shareholder's Equity                                
Long-term debt   12,454,316 12,885,392 14,965,669     (1,562,043)     16,527,712            
Insurance claims and policyholder liabilities   365,238 327,857 341,201     20,725     320,476            
Deferred and accrued taxes       559,597     552,705     6,892            
Other liabilities   268,179 338,256 731,940     292,984     438,956            
Total liabilities       16,598,407     (695,629)     17,294,036            
Shareholder's equity:                                
Common stock       5,080           5,080            
Additional paid-in capital       215,074     (1,463,787)     1,678,861            
Accumulated other comprehensive income   29,606 (25,538)       (37,869)     37,869            
Retained earnings       1,469,182     1,469,182                  
Total shareholder's equity       1,689,336     (32,474) 1,721,810 2,375,614 1,721,810            
Total liabilities and shareholder's equity       18,287,743     (728,103)     19,015,846            
Additional information                                
Ownership interest (as a percent)           20.00%           20.00%        
Ownership of affiliated entity (as a percent)           20.00%         80.00% 20.00%     80.00% 20.00%
Bargain purchase gain 1,469,182                       1,469,182 1,500,000    
Excess of fair value net assets                           71,700    
Purchase consideration                                
Cash plus fair value of AGF Holding shares issued to ACC for purchase of SLFI                         148,458 148,458    
Fair value of net liabilities of SLFI other than its investment in SLFC                         71,696      
Fair value of consideration transferred that was allocated to SLFC                         220,154      
Long-term debt                         14,965,669      
Other liabilities                         1,632,738      
Total purchase consideration                         16,818,561 17,000,000    
Acquisition-date fair value of the consideration transferred                                
Cash                           118,767    
Common stock                           29,691    
Total                         148,458 148,458    
Fair value adjusted amount                                
Total assets acquired                         18,287,743      
Less total liabilities assumed                         16,598,407      
Net assets acquired                         1,689,336      
Less fair value of consideration transferred that was allocated to SLFC                         220,154      
AGF Holding bargain purchase $ 1,469,182                       $ 1,469,182 $ 1,500,000