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Progressive Acquisition Fair Value of Assets Acquired and Liabilities Assumed (Detail) (USD $)
In Thousands, unless otherwise specified
0 Months Ended 6 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Apr. 14, 2014
Progressive Finance Holdings, LLC
Sep. 30, 2014
Progressive Finance Holdings, LLC
Business Acquisition [Line Items]        
Estimated Purchase Price     $ 705,810 $ 705,810
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]        
Cash and Cash Equivalents     5,810 [1] 5,810
Receivables     27,581 [1],[2] 27,581 [2]
Lease Merchandise     138,198 [1],[3] 140,685 [3]
Property, Plant and Equipment     4,010 [1] 4,010
Other Intangibles     333,000 [1],[4] 333,000 [4]
Prepaid Expenses and Other Assets     893 [1] 893
Total Identifiable Assets Acquired     509,492 [1] 511,979
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]        
Accounts Payable and Accrued Expenses2     (23,342) [1] (24,335)
Deferred Income Taxes Payable     (48,298) [1] (48,298)
Customer Deposits and Advance Payments     (10,000) [1] (10,000)
Total Liabilities Assumed     (81,640) [1] (82,633)
Goodwill 515,478 239,181 277,958 [1],[5] 276,464 [5]
Net Assets Acquired     705,810 [1] 705,810
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]        
Lease Merchandise       2,487 [3]
Total Identifiable Assets Acquired       2,487 [3]
Accounts Payable And Accrued Expenses       (993) [3]
Total Liabilities Assumed       993 [3]
Goodwill       $ (1,494) [3],[5]
[1] As previously reported in the notes to consolidated financial statements included in our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2014.
[2] Receivables include $15.8 million related to the secondary escrow amount, which the Company expects to recover prior to termination of the escrow agreement 36 months from the April 14, 2014 closing date. The gross amount due under customer-related receivables acquired was $22.7 million, of which $10.9 million was expected to be uncollectible.
[3] The measurement period adjustments primarily related to the resolution of certain sales tax exposures subsequent to the acquisition date, which also impacted the fair value estimates of lease merchandise.
[4] Identifiable intangible assets are further disaggregated in the following table.
[5] The total goodwill recognized in conjunction with the Progressive acquisition has been assigned to the Progressive operating segment. Of the goodwill recognized as part of this acquisition, $235.0 million is expected to be deductible for tax purposes. The primary reasons the purchase price of the acquisition exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, is related to synergistic value created from the combination of Progressive's virtual customer payment capabilities with the Company's leading traditional lease-to-own model. Goodwill also includes certain other intangible assets that do not qualify for separate recognition, such as an assembled workforce.