Condensed Consolidating Financial Information (Tables)

3 Months Ended

Dec. 31, 2012

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheets

	December 31, 2012
	Parent		Subsidiary Guarantors			Other Subsidiaries			Eliminations			Consolidated
	(in thousands)
Assets:
Current assets:
Cash and cash equivalents	$	703	$	27,775		$	18,190		$	—		$	46,668
Restricted cash	—		—			1,133			—			1,133
Pawn loans	—		147,145			14,950			—			162,095
Consumer loans, net	—		18,857			21,742			—			40,599
Pawn service charges receivable, net	—		28,760			2,317			—			31,077
Consumer loan fees receivable, net	—		7,647			26,427			—			34,074
Inventory, net	—		101,636			18,690			—			120,326
Deferred tax asset	9,484		6,232			—			—			15,716
Intercompany receivables	364,851		87,313			—			(452,164		)	—
Prepaid expenses and other assets	17		42,824			7,553			—			50,394
Total current assets	375,055		468,189			111,002			(452,164		)	502,082
Investments in unconsolidated affiliates	89,673		54,559			—			—			144,232
Investments in subsidiaries	622,847		99,942			—			(722,789		)	—
Property and equipment, net	—		79,259			35,417			—			114,676
Restricted cash, non-current	—		—			1,994			—			1,994
Goodwill	—		276,539			151,472			—			428,011
Intangible assets, net	1,398		33,974			25,290			—			60,662
Non-current consumer loans, net	—		—			66,615			—			66,615
Other assets, net	—		9,380			9,694			—			19,074
Total assets	$	1,088,973	$	1,021,842		$	401,484		$	(1,174,953	)	$	1,337,346
Liabilities and stockholders’ equity:
Current liabilities:
Current maturities of long-term debt	$	—	$	—		$	27,562		$	—		$	27,562
Current capital lease obligations	—		533			—			—			533
Accounts payable and other accrued expenses	102		56,810			13,807			—			70,719
Other current liabilities	12,000		425			11,971			—			24,396
Customer layaway deposits	—		5,696			558			—			6,254
Intercompany payables	—		336,574			101,715			(438,289		)	—
Income taxes payable	659		—			—			—			659
Total current liabilities	12,761		400,038			155,613			(438,289		)	130,123
Long-term debt, less current maturities	142,600		—			79,253			(13,875		)	207,978
Long-term capital lease obligations	—		771			—			—			771
Deferred tax liability	9,503		1,312			—			—			10,815
Deferred gains and other long-term liabilities	12,000		2,247			11,980			—			26,227
Total liabilities	176,864		404,368			246,846			(452,164		)	375,914
Commitments and contingencies
Temporary equity:
Redeemable noncontrolling interest	—		—			49,323			—			49,323
Stockholders’ equity:
Class A Non-voting Common Stock, par value $.01 per share;	508		12			—			(12		)	508
Class B Voting Common Stock, convertible, par value $.01 per share;	30		—			—			—			30
Additional paid-in capital	313,068		154,017			103,765			(257,782		)	313,068
Retained earnings	596,520		463,905			5,644			(469,549		)	596,520
Accumulated other comprehensive income (loss)	1,983		(460		)	(4,094		)	4,554			1,983
EZCORP stockholders’ equity	912,109		617,474			105,315			(722,789		)	912,109
Total liabilities and stockholders’ equity	$	1,088,973	$	1,021,842		$	401,484		$	(1,174,953	)	$	1,337,346

	December 31, 2011
	Parent			Subsidiary Guarantors			Other Subsidiaries			Eliminations			Consolidated
	(in thousands)
Assets:
Current assets:
Cash and cash equivalents	$	703		$	15,869		$	6,416		$	—		$	22,988
Pawn loans	—			140,386			9,674			—			150,060
Consumer loans, net	—			13,898			2,290			—			16,188
Pawn service charges receivable, net	—			27,061			1,532			—			28,593
Consumer loan fees receivable, net	—			7,407			204			—			7,611
Inventory, net	—			90,241			10,144			—			100,385
Deferred tax asset	12,747			5,422			—			—			18,169
Receivable from affiliates	297,078			—			—			(297,078		)	—
Prepaid expenses and other assets	17			35,764			3,120			—			38,901
Total current assets	310,545			336,048			33,380			(297,078		)	382,895
Investments in unconsolidated affiliates	68,204			49,616			—			—			117,820
Investments in subsidiaries	377,295			44,573			—			(421,868		)	—
Property and equipment, net	—			62,009			22,504			—			84,513
Goodwill	—			203,295			8,968			—			212,263
Intangible assets, net	2,038			16,120			2,410			—			20,568
Other assets, net	—			6,364			1,417			—			7,781
Total assets	$	758,082		$	718,025		$	68,679		$	(718,946	)	$	825,840
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable and other accrued expenses	46			45,539			7,502			—			53,087
Other current liabilities	—			4,122			203			—			4,325
Customer layaway deposits	—			5,845			307			—			6,152
Intercompany payables	—			274,490			22,588			(297,078		)	—
Income taxes payable	12,672			—			—			—			12,672
Total current liabilities	12,718			329,996			30,600			(297,078		)	76,236
Long-term debt, less current maturities	40,500			—			—			—			40,500
Deferred tax liability	6,481			1,371			872			—			8,724
Deferred gains and other long-term liabilities	—			1,997			—			—			1,997
Total liabilities	59,699			333,364			31,472			(297,078		)	127,457
Commitments and contingencies
Temporary equity:
Redeemable noncontrolling interest	—			—			—			—			—
Stockholders’ equity:
Class A Non-voting Common Stock, par value $.01 per share;	474			12			—			(12		)	474
Class B Voting Common Stock, convertible, par value $.01 per share;	30			—			1			(1		)	30
Additional paid-in capital	243,919			100,431			50,818			(151,249		)	243,919
Retained earnings	461,447			285,322			(4,174		)	(281,148		)	461,447
Accumulated other comprehensive income (loss)	(7,487		)	(1,104		)	(9,438		)	10,542			(7,487		)
EZCORP stockholders’ equity	698,383			384,661			37,207			(421,868		)	698,383
Total liabilities and stockholders’ equity	$	758,082		$	718,025		$	68,679		$	(718,946	)	$	825,840

	September 30, 2012
	Parent			Subsidiary Guarantors			Other Subsidiaries			Eliminations			Consolidated
	(in thousands)
Assets:
Current assets:
Cash and cash equivalents	$	703		$	27,686		$	20,088		$	—		$	48,477
Restricted cash	—			—			1,145			—			1,145
Pawn loans	—			140,885			16,763			—			157,648
Consumer loans, net	—			16,562			17,590			—			34,152
Pawn service charges receivable, net	—			26,663			2,738			—			29,401
Consumer loan fees receivable, net	—			6,899			23,517			—			30,416
Inventory, net	—			93,165			16,049			—			109,214
Deferred tax asset	9,484			5,500			—			—			14,984
Receivable from affiliates	363,065			—			—			(363,065		)	—
Income taxes receivable	10,209			—			302			—			10,511
Prepaid expenses and other assets	2,243			38,629			4,579			—			45,451
Total current assets	385,704			355,989			102,771			(363,065		)	481,399
Investments in unconsolidated affiliates	74,255			51,811			—			—			126,066
Investments in subsidiaries	510,044			95,943			—			(605,987		)	—
Property and equipment, net	—			74,837			33,294			—			108,131
Restricted cash, non-current	—			—			4,337			—			4,337
Goodwill	—			224,275			150,388			—			374,663
Intangible assets, net	1,548			17,228			26,409			—			45,185
Non-current consumer loans, net	—			—			61,997			—			61,997
Other assets, net	—			8,585			7,644			—			16,229
Total assets	$	971,551		$	828,668		$	386,840		$	(969,052	)	$	1,218,007
Current liabilities:
Current maturities of long-term debt	$	—		$	—		$	21,085		$	—		$	21,085
Current capital lease obligations	—			594			—			—			594
Accounts payable and other accrued expenses	128			53,169			10,807			—			64,104
Other current liabilities	—			2,925			11,896			—			14,821
Customer layaway deposits	—			6,251			987			—			7,238
Intercompany payables	—			257,571			84,850			(342,421		)	—
Total current liabilities	128			320,510			129,625			(342,421		)	107,842
Long-term debt, less current maturities	130,000			—			89,480			(20,644		)	198,836
Long-term capital lease obligations	—			995			—			—			995
Deferred tax liability	6,595			1,327			—			—			7,922
Deferred gains and other long-term liabilities	—			1,898			12,005			—			13,903
Total liabilities	136,723			324,730			231,110			(363,065		)	329,498
Commitments and contingencies
Temporary equity:
Redeemable noncontrolling interest	—			—			53,681			—			53,681
Stockholders’ equity:
Class A Non-voting Common Stock, par value $.01 per share;	482			12			—			(12		)	482
Class B Voting Common Stock, convertible, par value $.01 per share;	30			1			—			(1		)	30
Additional paid-in capital	268,626			80,210			102,188			(182,398		)	268,626
Retained earnings	565,803			425,024			2,373			(427,397		)	565,803
Accumulated other comprehensive income (loss)	(113		)	(1,309		)	(2,512		)	3,821			(113		)
EZCORP stockholders’ equity	834,828			503,938			102,049			(605,987		)	834,828
Total liabilities and stockholders’ equity	$	971,551		$	828,668		$	386,840		$	(969,052	)	$	1,218,007

Condensed Consolidated Statements of Income

Condensed Consolidating Statements of Operations

	Three Months Ended December 31, 2012
	Parent			Subsidiary Guarantors			Other Subsidiaries			Eliminations			Consolidated
	(in thousands)
Revenues:
Merchandise sales	$	—		$	79,202		$	16,380		$	—		$	95,582
Jewelry scrapping sales	—			41,838			4,087			—			45,925
Pawn service charges	—			58,210			7,814			—			66,024
Consumer loan fees	—			42,936			21,829			—			64,765
Other revenues	—			2,569			2,261			—			4,830
Total revenues	—			224,755			52,371			—			277,126
Merchandise cost of goods sold	—			46,051			9,450			—			55,501
Jewelry scrapping cost of goods sold	—			28,989			3,210			—			32,199
Consumer loan bad debt	—			10,647			3,427			—			14,074
Net revenues	—			139,068			36,284			—			175,352
Operating expenses:
Operations	—			82,516			24,746			—			107,262
Administrative	(103		)	13,514			260			—			13,671
Depreciation and amortization	—			5,411			2,241			—			7,652
Loss on sale or disposal of assets	—			28			1			—			29
Total operating expenses	(103		)	101,469			27,248			—			128,614
Operating income	103			37,599			9,036			—			46,738
Interest (income) expense	1,016			(370		)	2,991			—			3,637
Equity in net income of unconsolidated affiliates	(3,168		)	(1,870		)	—			—			(5,038		)
Equity of net income in subsidiaries	(42,152		)	—			—			42,152			—
Other income	—			(499		)	(2		)	—			(501		)
Income before income taxes	44,407			40,338			6,047			(42,152		)	48,640
Income tax expense	13,690			2			2,793			—			16,485
Net income	30,717			40,336			3,254			(42,152		)	32,155
Net income attributable to redeemable noncontrolling interest	—			—			1,438			—			1,438
Net income attributable to EZCORP	$	30,717		$	40,336		$	1,816		$	(42,152	)	$	30,717

	Three Months Ended December 31, 2011
	Parent			Subsidiary Guarantors			Other Subsidiaries			Eliminations			Consolidated
	(in thousands)
Revenues:
Merchandise sales	$	—		$	75,972		$	10,922		$	—		$	86,894
Jewelry scrapping sales	—			52,574			3,829			—			56,403
Pawn service charges	—			54,370			5,422			—			59,792
Consumer loan fees	—			42,417			2,671			—			45,088
Other revenues	20,139			850			318			(20,611		)	696
Total revenues	20,139			226,183			23,162			(20,611		)	248,873
Merchandise cost of goods sold	—			43,115			5,281			—			48,396
Jewelry scrap cost of goods sold	—			33,006			2,418			—			35,424
Consumer loan bad debt	—			10,191			834			—			11,025
Net revenues	20,139			139,871			14,629			(20,611		)	154,028
Operating expenses:
Operations	—			71,597			10,961			—			82,558
Administrative	—			10,817			1,309			(472		)	11,654
Depreciation and amortization	—			4,147			1,108			—			5,255
(Gain) loss on sale or disposal of assets	—			(224		)	23			—			(201		)
Total operating expense	—			86,337			13,401			(472		)	99,266
Operating income	20,139			53,534			1,228			(20,139		)	54,762
Interest (income) expense	(1,873		)	2,453			(29		)	—			551
Equity in net income of unconsolidated affiliates	(2,336		)	(1,825		)	—			—			(4,161		)
Equity of net income in subsidiaries	(33,913		)	—			—			33,913			—
Other (income) expense	—			(1,137		)	18			—			(1,119		)
Income before income taxes	58,261			54,043			1,239			(54,052		)	59,491
Income tax expense	18,909			20,139			1,230			(20,139		)	20,139
Net income	39,352			33,904			9			(33,913		)	39,352
Net income attributable to redeemable noncontrolling interest	—			—			—			—			—
Net income attributable to EZCORP	$	39,352		$	33,904		$	9		$	(33,913	)	$	39,352

Condensed consolidated statements of comprehensive income

Condensed Consolidating Statements of Comprehensive Income

	Three Months Ended December 31, 2012
	Parent			Subsidiary Guarantors			Other Subsidiaries			Eliminations			Consolidated
	(in thousands)
Net income (loss)	$	30,717		$	40,336		$	3,254		$	(42,152	)	$	32,155
Other comprehensive income (loss):
Foreign currency translation gain (loss)	4,119			1,349			(2,233		)	233			3,468
Unrealized holding gains (losses) arising during period	(43		)	(43		)	—			43			(43		)
Income tax benefit (provision)	(1,980		)	(457		)	—			457			(1,980		)
Other comprehensive income (loss), net of tax	2,096			849			(2,233		)	733			1,445
Comprehensive income (loss)	$	32,813		$	41,185		$	1,021		$	(41,419	)	$	33,600
Attributable to redeemable noncontrolling interest:
Net income	—			—			1,438			—			1,438
Foreign currency translation (loss)	—			—			(651		)	—			(651		)
Comprehensive income attributable to noncontrolling interest	—			—			787			—			787
Comprehensive income (loss) attributable to EZCORP	$	32,813		$	41,185		$	234		$	(41,419	)	$	32,813

	Three Months Ended December 31, 2011
	Parent			Subsidiary Guarantors			Other Subsidiaries		Eliminations			Consolidated
	(in thousands)
Net income (loss)	$	39,352		$	33,904		$	9	$	(33,913	)	$	39,352
Other comprehensive income (loss):
Foreign currency translation gain (loss)	(8,768		)	(877		)	1,940		(1,063		)	(8,768		)
Unrealized holding gains (losses) arising during period	(559		)	(559		)	—		559			(559		)
Income tax benefit (provision)	2,586			503			—		(503		)	2,586
Other comprehensive income (loss), net of tax	(6,741		)	(933		)	1,940		(1,007		)	(6,741		)
Comprehensive income (loss)	$	32,611		$	32,971		$	1,949	$	(34,920	)	$	32,611
Attributable to redeemable noncontrolling interest:
Net income	—			—			—		—			—
Foreign currency translation gain (loss)	—			—			—		—			—
Comprehensive income attributable to noncontrolling interest	—			—			—		—			—
Comprehensive income (loss) attributable to EZCORP	$	32,611		$	32,971		$	1,949	$	(34,920	)	$	32,611

Condensed consolidated Statement of cash flows

Condensed Consolidating Statements of Cash Flows

	Three Months Ended December 31, 2012
	Parent			Subsidiary Guarantors			Other Subsidiaries			Eliminations			Consolidated
	(in thousands)
Net cash provided by (used in) operating activities	$	1,503		$	12,737		$	16,268		$	—		$	30,508
Investing Activities:
Loans made	—			(174,357		)	(56,710		)	—			(231,067		)
Loans repaid	—			107,794			34,456			—			142,250
Recovery of pawn loan principal through sale of forfeited collateral	—			63,985			9,279			—			73,264
Additions to property and equipment	—			(5,316		)	(3,590		)	—			(8,906		)
Acquisitions, net of cash acquired	—			(11,162		)	(1,116		)	—			(12,278		)
Proceeds on advances to subsidiaries	—			6,521			—			(6,521		)	—
Investment in unconsolidated affiliates	(11,018		)	—			—			—			(11,018		)
Net cash used in investing activities	$	(11,018	)	$	(12,535	)	$	(17,681	)	$	(6,521	)	$	(47,755	)
Financing Activities:
Excess tax benefit from stock compensation	346			—			—			—			346
Taxes paid related to net share settlement of equity awards	(3,431		)	—			—			—			(3,431		)
Change in restricted cash	—			—			2,298			—			2,298
Proceeds from revolving line of credit	74,000			—			6,125			—			80,125
Payments on revolving line of credit	(61,400		)	—			(452		)	—			(61,852		)
Proceeds from bank borrowings	—			—			1,159			—			1,159
Payments on bank borrowings and capital lease obligations	—			(113		)	(9,431		)	6,521			(3,023		)
Net cash provided by (used in) financing activities	$	9,515		$	(113	)	$	(301	)	$	6,521		$	15,622
Effect of exchange rate changes on cash and cash equivalents	—			—			(184		)	—			(184		)
Net increase (decrease) in cash and cash equivalents	—			89			(1,898		)	—			(1,809		)
Cash and cash equivalents at beginning of period	703			27,686			20,088			—			48,477
Cash and cash equivalents at end of period	$	703		$	27,775		$	18,190		$	—		$	46,668

	Three Months Ended December 31, 2011
	Parent			Subsidiary Guarantors			Other Subsidiaries			Eliminations		Consolidated
	(in thousands)
Net cash provided by (used in) operating activities	$	(21,769	)	$	57,848		$	9,518		$	—	$	45,597
Investing Activities:
Loans made	—			(154,584		)	(28,173		)	—		(182,757		)
Loans repaid	—			89,880			21,108			—		110,988
Recovery of pawn loan principal through sale of forfeited collateral	—			55,885			5,816			—		61,701
Additions to property and equipment	—			(5,182		)	(4,399		)	—		(9,581		)
Acquisitions, net of cash acquired	—			(48,838		)	(441		)	—		(49,279		)
Net cash provided by (used in) investing activities	$	—		$	(62,839	)	$	(6,089	)	$	—	$	(68,928	)
Financing Activities:
Excess tax benefit from stock compensation	460			—			—			—		460
Taxes paid related to net share settlement of equity awards	(988		)	—			—			—		(988		)
Proceeds on revolving line of credit	116,500			—			—			—		116,500
Payments on revolving line of credit	(93,500		)	—			—			—		(93,500		)
Net cash used in financing activities	$	22,472		$	—		$	—		$	—	$	22,472
Effect of exchange rate changes on cash and cash equivalents	—			—			(122		)	—		(122		)
Net (decrease) increase in cash and cash equivalents	703			(4,991		)	3,307			—		(981		)
Cash and cash equivalents at beginning of period	—			20,860			3,109			—		23,969
Cash and cash equivalents at end of period	$	703		$	15,869		$	6,416		$	—	$	22,988