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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2015
Sep. 30, 2014
Mar. 31, 2014
Current assets:      
Cash and cash equivalents $ 138,173 $ 55,325 $ 32,328
Restricted cash 47,909 63,495 27,244
Pawn loans 127,929 162,444 128,683
Consumer loans, net 55,529 63,995 57,447
Pawn service charges receivable, net 24,909 31,044 24,733
Consumer loan fees and interest receivable, net 13,063 12,647 15,870
Inventory, net 116,144 138,175 128,094
Deferred tax asset 24,428 17,572 15,302
Prepaid income taxes 52,234 57,069 35,134
Receivables, prepaid expenses and other current assets 32,383 33,097 38,364
Total current assets 632,701 634,863 503,199
Investment in unconsolidated affiliate 94,510 91,781 88,685
Property and equipment, net 102,252 105,900 111,419
Restricted cash, non-current 2,880 5,070 3,309
Goodwill 344,931 346,577 435,048
Intangible assets, net 61,107 66,086 68,873
Non-current consumer loans, net 79,860 85,004 83,325
Deferred tax asset 10,785 12,142 9,642
Other assets, net 60,041 63,121 29,644
Total assets [1],[2] 1,389,067 1,410,544 1,333,144
Current liabilities:      
Current maturities of long-term debt 71,471 36,111 20,889
Current capital lease obligations 93 418 533
Accounts payable and other accrued expenses 89,711 94,993 70,643
Other current liabilities 6,230 8,595 12,121
Customer layaway deposits 10,484 8,097 8,986
Total current liabilities 177,989 148,214 113,172
Long-term debt, less current maturities 356,393 392,054 224,379
Long-term capital lease obligations 0 0 106
Deferred gains and other long-term liabilities 7,673 15,172 21,810
Total liabilities [3],[4] $ 542,055 $ 555,440 $ 359,467
Commitments and contingencies
Temporary equity:      
Redeemable noncontrolling interest $ 16,827 $ 22,800 $ 43,717
Total temporary equity 28,523 22,800 43,717
Stockholders’ equity:      
Additional paid-in capital 329,973 332,264 327,066
Retained earnings 522,541 509,586 606,120
Accumulated other comprehensive loss (34,561) (10,082) (3,769)
EZCORP, Inc. stockholders’ equity 818,489 832,304 929,960
Total liabilities, temporary equity and stockholders’ equity 1,389,067 1,410,544 1,333,144
Common Stock Class A Non-voting, Subject to Possible Redemption [Member]      
Temporary equity:      
Class A Non-voting Common Stock, subject to possible redemption at $10.06 per share; 1,168,456 shares issued and outstanding at redemption value as of March 31, 2015; and none as of March 31, 2014 and September 30, 2014 11,696 0 0
Common Stock Class A Non-voting [Member]      
Stockholders’ equity:      
Common stock 506 506 513
Common Stock Class B Voting [Member]      
Stockholders’ equity:      
Common stock $ 30 $ 30 $ 30
[1] Our consolidated assets as of March 31, 2015 and 2014 and September 30, 2014 include the following assets of Grupo Finmart’s Securitization trust that can only be used to settle its liabilities: March 31, 2015 March 31, 2014 September 30, 2014 (Unaudited) (in thousands) Restricted cash$21,835 $17,813 $23,592Consumer loans, net34,803 42,219 41,588Consumer loan fees and interest receivable, net5,182 6,178 5,489Restricted cash, non-current119 5,805 133Other assets, net2,310 2,430 2,847Total assets$64,249 $74,445 73,649
[2] Our consolidated assets as of March 31, 2015 and 2014 and September 30, 2014 include the following assets of our consolidated variable interest entities:March 31, 2015 March 31, 2014 September 30, 2014 (Unaudited) (in thousands)Restricted cash$2,084 $3 $1,921Consumer loans, net14,826 5,702 16,465Consumer loan fees and interest receivable, net3,577 1,543 3,058Non-current consumer loans, net32,511 12,941 35,780Total assets$52,998 $20,189 $57,224
[3] Our consolidated liabilities as of March 31, 2015 and 2014 and September 30, 2014 include the following liabilities for which the creditors of Grupo Finmart’s securitization trust do not have recourse to the general credit of EZCORP, Inc.: March 31, 2015 March 31, 2014 September 30, 2014 (Unaudited) (in thousands) Long-term debt, less current maturities$47,826 $55,715 $54,045
[4] Our consolidated liabilities as of March 31, 2015 and 2014 and September 30, 2014 include the following liabilities of our consolidated variable interest entities: March 31, 2015 March 31, 2014 September 30, 2014 (Unaudited) (in thousands)Accounts payable and other accrued expenses$3,153 $632 $2,105Current maturities of long-term debt48,246 6,661 25,438Long-term debt, less current maturities51,854 10,125 35,624Total liabilities$103,253 $17,418 $63,167