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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Sep. 30, 2014
Jun. 30, 2014
Current assets:      
Cash and cash equivalents $ 114,387 $ 55,325 $ 49,434
Restricted cash 28,015 63,495 49,129
Pawn loans 144,377 162,444 157,491
Consumer loans, net 57,737 63,995 64,787
Pawn service charges receivable, net 26,989 31,044 29,307
Consumer loan fees and interest receivable, net 18,180 12,647 15,032
Inventory, net 115,283 138,175 130,839
Deferred tax asset 24,428 17,572 15,302
Prepaid income taxes 44,986 57,069 43,677
Receivables, prepaid expenses and other current assets 33,947 33,097 75,161
Total current assets 608,329 634,863 630,159
Investment in unconsolidated affiliate 90,423 91,781 90,730
Property and equipment, net 101,135 105,900 109,458
Restricted cash, non-current 2,978 5,070 4,578
Goodwill 331,849 346,577 436,765
Intangible assets, net 60,575 66,086 78,745
Non-current consumer loans, net 82,739 85,004 84,630
Deferred tax asset 10,984 12,142 9,331
Other assets, net 54,246 63,121 76,137
Total assets [1],[2] 1,343,258 1,410,544 1,520,533
Current liabilities:      
Current maturities of long-term debt 69,054 36,111 41,125
Current capital lease obligations 0 418 520
Accounts payable and other accrued expenses 84,036 94,993 89,217
Other current liabilities 6,124 8,595 8,716
Customer layaway deposits 9,635 8,097 8,206
Total current liabilities 168,849 148,214 147,784
Long-term debt, less current maturities 340,822 392,054 387,217
Deferred gains and other long-term liabilities 7,668 15,172 21,235
Total liabilities [3],[4] $ 517,339 $ 555,440 $ 556,236
Commitments and contingencies
Temporary equity:      
Redeemable noncontrolling interest $ 16,361 $ 22,800 $ 25,662
Total temporary equity 28,057 22,800 25,662
Stockholders’ equity:      
Additional paid-in capital 327,018 332,264 339,869
Retained earnings 512,694 509,586 610,050
Accumulated other comprehensive (loss) income (42,386) (10,082) 68
Treasury stock, at cost; none at June 30, 2015 and September 30, 2014 and 1 million shares at June 30, 2014 0 0 (11,901)
EZCORP, Inc. stockholders’ equity 797,862 832,304 938,635
Total liabilities, temporary equity and stockholders’ equity 1,343,258 1,410,544 1,520,533
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 June 30, 2015; and none as of June 30, 2014 and September 30, 2014 11,696 0 0
Common Stock Class A Non-voting [Member]      
Stockholders’ equity:      
Common stock 506 506 519
Common Stock Class B Voting [Member]      
Stockholders’ equity:      
Common stock $ 30 $ 30 $ 30
[1] Our consolidated assets as of June 30, 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: June 30, 2015 June 30, 2014 September 30, 2014 (Unaudited) (in thousands) Restricted cash$17,398 $5,873 $23,592Consumer loans, net37,288 42,936 41,588Consumer loan fees and interest receivable, net5,614 6,553 5,489Restricted cash, non-current117 16,660 133Other assets, net2,102 2,868 2,847Total assets$62,519 $74,890 73,649
[2] Our consolidated assets as of June 30, 2015 and 2014 and September 30, 2014 include the following assets of our consolidated variable interest entities:June 30, 2015 June 30, 2014 September 30, 2014 (Unaudited) (in thousands)Restricted cash$1,617 $17,422 $1,921Consumer loans, net13,207 11,180 16,465Consumer loan fees and interest receivable, net4,979 2,458 3,058Non-current consumer loans, net30,238 25,043 35,780Total assets$50,041 $56,103 $57,224
[3] Our consolidated liabilities as of June 30, 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.: June 30, 2015 June 30, 2014 September 30, 2014 (Unaudited) (in thousands) Long-term debt, less current maturities$44,450 $56,076 $54,045
[4] Our consolidated liabilities as of June 30, 2015 and 2014 and September 30, 2014 include the following liabilities of our consolidated variable interest entities: June 30, 2015 June 30, 2014 September 30, 2014 (Unaudited) (in thousands)Accounts payable and other accrued expenses$3,988 $1,090 $2,105Current maturities of long-term debt46,039 20,095 25,438Long-term debt, less current maturities40,744 26,589 35,624Total liabilities$90,771 $47,774 $63,167