Allowance for Losses and Credit Quality of Consumer Loans (Tables)

3 Months Ended

Dec. 31, 2014

Allowance for credit losses and recorded investment in financing receivables

The following table presents changes in the allowance for credit losses, as well as the recorded investment in our financing receivables by portfolio segment for the periods presented:



Description	Allowance Balance at Beginning of Period		Charge-offs			Recoveries		Provision		Translation Adjustment			Allowance Balance at End of Period		Financing Receivable at End of Period
	(in thousands)
Unsecured short-term consumer loans:
Three Months Ended December 31, 2014	$	14,645	$	(9,051	)	$	3,291	$	4,996	$	(513	)	$	13,368	$	31,159
Three Months Ended December 31, 2013	2,928		(12,202		)	4,195		7,915		12			2,848		22,870
Secured short-term consumer loans:
Three Months Ended December 31, 2014	$	1,049	$	(14,437	)	$	12,989	$	1,533	$	—		$	1,134	$	7,866
Three Months Ended December 31, 2013	1,804		(16,686		)	15,182		2,032		—			2,332		11,386
Unsecured long-term consumer loans:
Three Months Ended December 31, 2014	$	7,177	$	(29	)	$	136	$	874	$	(624	)	$	7,534	$	81,840
Three Months Ended December 31, 2013	972		(841		)	431		1,391		3			1,956		116,437

Schedule of sales of unsecured long-term consumer loan portfolios



Description of Portfolio			Book Value of Principal		Book Value of Accrued Interest		Promissory Note Received (4)		Realized Gain on Sale (1)		Accelerated Amortization (2)
			(in millions, except number of loans)
14,500 payroll loans sold October 21, 2013	(3	)	$	14.0	$	0.7	$	19.3	$	4.6	$	1.2
10,900 payroll loans sold December 19, 2014	(5	)	13.9		1.5		22.0		6.6		1.0



(1) All realized gains on sale are included under "Consumer loan sales and other" in our condensed consolidated statements of operations in the period of sale.
(2) As a result of these portfolio sales, we accelerated the amortization of the sales commissions related to the loans sold, which are included under "Operations" expense in our condensed consolidated statements of operations in the period of sale.
(3) Grupo Finmart was retained by the trust as the primary servicer at agreed upon market rates through the duration of the portfolio, an expected 48 months.
(4) Cash from promissory note was received in full in the period of sale.
(5) Grupo Finmart was retained by the trust as the primary servicer at agreed upon market rates through the duration of the portfolio, an expected 60 months.

Aging Analysis of past due financing receivables

The following table presents an aging analysis of past due financing receivables by portfolio segment:



	Days Past Due								Total		Current		Fair Value			Total Financing		Allowance		Recorded Investment > 90 Days
	1-30		31-60		61-90		>90		Past Due		Receivable		Adjustment			Receivable		Balance		Accruing
	(in thousands)
Unsecured short-term consumer loans*:
December 31, 2013	$	66	$	289	$	81	$	—	$	436	$	119	$	—		$	555	$	267	$	—
Secured short-term consumer loans:
December 31, 2014	$	1,844	$	761	$	543	$	538	$	3,686	$	4,180	$	—		$	7,866	$	1,134	$	—
December 31, 2013	2,629		1,366		1,123		1,398		6,516		4,870		—			11,386		2,332		—
September 30, 2014	2,196		823		448		412		3,879		4,294		—			8,173		1,049		—
Unsecured long-term consumer loans:
December 31, 2014
In Payroll	$	10,601	$	1,385	$	1,061	$	16,253	$	29,300	$	46,078	$	934		$	76,312	$	2,383	$	16,253
Out of payroll	124		18		149		4,957		5,248		282		(2		)	5,528		5,151		—
	$	10,725	$	1,403	$	1,210	$	21,210	$	34,548	$	46,360	$	932		$	81,840	$	7,534	$	16,253
December 31, 2013
In Payroll	$	3,497	$	3,525	$	1,480	$	31,371	$	39,873	$	72,793	$	2,667		$	115,333	$	1,747	$	31,966
Out of payroll	162		191		71		595		1,019		593		(508		)	1,104		209		—
	$	3,659	$	3,716	$	1,551	$	31,966	$	40,892	$	73,386	$	2,159		$	116,437	$	1,956	$	31,966
September 30, 2014
In Payroll	$	8,445	$	2,192	$	1,048	$	19,921	$	31,606	$	52,471	$	1,473		$	85,550	$	2,345	$	19,921
Out of payroll	24		271		170		4,541		5,006		385		46			5,437		4,832		—
	$	8,469	$	2,463	$	1,218	$	24,462	$	36,612	$	52,856	$	1,519		$	90,987	$	7,177	$	19,921

* Unsecured short-term consumer loan amounts are included for the periods after the December 20, 2012 acquisition of Go Cash, and prior to our discontinuance of Go Cash operations as of September 30, 2014. As a result of our discontinuance of Go Cash, we wrote our unsecured short-term consumer loans down to net realized value, or a nominal amount, as of September 30, 2014.