Divestures	12 Months Ended
Dec. 31, 2012
Divestures
Divestures	4. Divestures Divestures—Mexican Acquisition Partnerships (Portfolio Asset Acquisition and Resolution Business Segment) In the fourth quarter of 2011, the Company determined that it expected to sell or otherwise dispose of its three consolidated Mexican Acquisition Partnerships over the next twelve months. The Company wholly-owned two of these subsidiaries, and held a majority ownership interest in the other subsidiary. In connection with the Company's disposal plan and expectations, each subsidiary was determined to be a separate disposal group, and the assets and liabilities of each subsidiary were measured at the lower of their respective carrying amount or estimated fair value (less costs to sell) and classified as "held for sale" on the Company's consolidated balance sheet. The Company determined that the carrying value of its majority-owned Mexican subsidiary (inclusive of cumulative translation adjustments) exceeded its estimated fair value, less estimated costs to sell, by $3.1 million (of which $1.8 million was attributed to FirstCity). As such, the Company recognized a net impairment charge of $1.8 million in the fourth quarter of 2011. The impact of this $1.8 million net impairment charge on the Company's 2011 consolidated statement of earnings comprised a $3.1 million estimated loss included in "Other costs and expenses" on the Company's consolidated statements of earnings for 2011, off-set partially by the noncontrolling investor's share of the loss (approximately $1.3 million) included in "Net income attributable to noncontrolling interests." The estimated fair value for each of our wholly-owned Mexican subsidiaries, less estimated costs to sell, exceeded their respective carrying values (inclusive of cumulative translation adjustments). These subsidiaries did not meet the accounting and reporting requirements as discontinued operations. At December 31, 2011, the consolidated assets and liabilities for these Mexican subsidiaries, as measured at the lower of their respective carrying amount or estimated fair value (less costs to sell), have been respectively classified as "Assets held for sale" ($9.9 million) and "Liabilities associated with assets held for sale" ($5.3 million) on our consolidated balance sheet. The assets included primarily Portfolio Assets ($4.8 million) and an affiliated loan receivable ($5.1 million), and the liabilities included primarily an affiliated note payable ($5.1 million). See Note 20 for additional information related to the affiliated loan receivable and affiliated note payable. In July 2012, the Company sold its interests in two of these Mexican subsidiaries for $5.5 million. The Company recognized a gain of approximately $1.3 million on this transaction, which included recognition of $0.5 million of previously-deferred income attributed to one of the subsidiaries. Subsequent to this transaction, the Company determined that it no longer expected to sell or otherwise dispose of its remaining Mexican subsidiary disposal group. As such, in July 2012, the Company reclassified the net assets of this Mexican subsidiary, comprised primarily of $0.7 million of Portfolio Assets, from "Assets held for sale" ("held for sale" classification) to "Portfolio Assets" ("held and used" classification) on the Company's consolidated balance sheet. The reclassification of this Mexican subsidiary did not have an impact on the Company's earnings.

Divestures

12 Months Ended

Dec. 31, 2012

4. Divestures

Divestures—Mexican Acquisition Partnerships (Portfolio Asset Acquisition and Resolution Business Segment)

In the fourth quarter of 2011, the Company determined that it expected to sell or otherwise dispose of its three consolidated Mexican Acquisition Partnerships over the next twelve months. The Company wholly-owned two of these subsidiaries, and held a majority ownership interest in the other subsidiary. In connection with the Company's disposal plan and expectations, each subsidiary was determined to be a separate disposal group, and the assets and liabilities of each subsidiary were measured at the lower of their respective carrying amount or estimated fair value (less costs to sell) and classified as "held for sale" on the Company's consolidated balance sheet. The Company determined that the carrying value of its majority-owned Mexican subsidiary (inclusive of cumulative translation adjustments) exceeded its estimated fair value, less estimated costs to sell, by $3.1 million (of which $1.8 million was attributed to FirstCity). As such, the Company recognized a net impairment charge of $1.8 million in the fourth quarter of 2011. The impact of this $1.8 million net impairment charge on the Company's 2011 consolidated statement of earnings comprised a $3.1 million estimated loss included in "Other costs and expenses" on the Company's consolidated statements of earnings for 2011, off-set partially by the noncontrolling investor's share of the loss (approximately $1.3 million) included in "Net income attributable to noncontrolling interests." The estimated fair value for each of our wholly-owned Mexican subsidiaries, less estimated costs to sell, exceeded their respective carrying values (inclusive of cumulative translation adjustments). These subsidiaries did not meet the accounting and reporting requirements as discontinued operations.

At December 31, 2011, the consolidated assets and liabilities for these Mexican subsidiaries, as measured at the lower of their respective carrying amount or estimated fair value (less costs to sell), have been respectively classified as "Assets held for sale" ($9.9 million) and "Liabilities associated with assets held for sale" ($5.3 million) on our consolidated balance sheet. The assets included primarily Portfolio Assets ($4.8 million) and an affiliated loan receivable ($5.1 million), and the liabilities included primarily an affiliated note payable ($5.1 million). See Note 20 for additional information related to the affiliated loan receivable and affiliated note payable.

In July 2012, the Company sold its interests in two of these Mexican subsidiaries for $5.5 million. The Company recognized a gain of approximately $1.3 million on this transaction, which included recognition of $0.5 million of previously-deferred income attributed to one of the subsidiaries. Subsequent to this transaction, the Company determined that it no longer expected to sell or otherwise dispose of its remaining Mexican subsidiary disposal group. As such, in July 2012, the Company reclassified the net assets of this Mexican subsidiary, comprised primarily of $0.7 million of Portfolio Assets, from "Assets held for sale" ("held for sale" classification) to "Portfolio Assets" ("held and used" classification) on the Company's consolidated balance sheet. The reclassification of this Mexican subsidiary did not have an impact on the Company's earnings.