Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Significant Accounting Policies

Schedule of combined ownership interests in unconsolidated equity-method subsidiaries

The following is a summary of the Company's combined ownership interests in unconsolidated equity-method subsidiaries at December 31, 2012 and 2011:

	Ownership Interests
	2012	2011
Acquisition Partnerships:
Domestic	10% - 50%	10% - 50%
Latin America	8% - 50%	8% - 50%
Europe	N/A	22% - 50%
Operating and Servicing Entities:
Domestic	39% - 49%	39% - 49%
Latin America	50%	50%
Europe	25%	16% - 37%

Summary of analysis of the changes in the cumulative adjustments

An analysis of the changes in the cumulative adjustments for 2012 and 2011 follows (dollars in thousands):

Balance, December 31, 2010	$	(740	)
Aggregate adjustment for the year resulting from translation adjustments and gains and losses on certain hedge transactions		(1,113	)
Balance, December 31, 2011		(1,853	)
Aggregate adjustment for the year resulting from translation adjustments and gains and losses on certain hedge transactions		1,319
Balance, December 31, 2012	$	(534	)

Schedule of basic and diluted earnings per common share

	Year Ended December 31,
(In thousands, except per share data)	2012		2011
Net earnings	$	19,048	$	33,041
Less: Net income attributable to noncontrolling interests		4,710		8,824
Net earnings attributable to FirstCity	$	14,338	$	24,217
Less: Net earnings allocable to participating securities		251		180
Net earnings allocable to common shares	$	14,087	$	24,037
Weighted-average common shares outstanding—basic		10,333		10,283
Dilutive effect of restricted stock shares		31		8
Dilutive effect of stock options		44		13
Weighted-average common shares outstanding—diluted		10,408		10,304
Net earnings per share:
Basic	$	1.36	$	2.34
Diluted	$	1.35	$	2.33