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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Sep. 30, 2015
Dec. 31, 2014
Current assets:      
Cash and cash equivalents $ 22,781 $ 59,124 $ 77,599
Restricted cash 16,157 15,137 60,218
Pawn loans 157,905 159,964 150,930
Consumer loans, net 32,175 36,533 61,347
Pawn service charges receivable, net 31,342 30,852 30,241
Consumer loan fees and interest receivable, net 12,827 19,802 13,199
Inventory, net 132,980 124,084 132,659
Prepaid income taxes 5,929 7,945 36,580
Income taxes receivable 35,131 37,230 16,243
Prepaid expenses and other current assets 25,296 21,076 34,075
Total current assets 472,523 511,747 613,091
Investment in unconsolidated affiliate 53,404 56,182 99,219
Property and equipment, net 69,963 75,594 104,353
Restricted cash, non-current 2,667 2,883 4,310
Goodwill 326,201 327,460 337,498
Intangible assets, net 40,443 41,263 49,523
Non-current consumer loans, net 71,502 75,824 78,362
Deferred tax asset, net 73,655 69,121 28,189
Other assets, net 35,482 42,985 77,352
Total assets [1],[2] 1,145,840 1,203,059 1,391,897
Current liabilities:      
Current maturities of long-term debt 75,586 74,345 74,832
Current capital lease obligations 0 0 258
Accounts payable and other accrued expenses 87,219 107,871 81,417
Other current liabilities 6,470 15,384 6,000
Customer layaway deposits 10,138 10,470 5,133
Total current liabilities 179,413 208,070 167,640
Long-term debt, less current maturities 281,545 297,166 374,600
Deferred gains and other long-term liabilities 5,917 6,157 8,446
Total liabilities [3],[4] $ 466,875 $ 511,393 $ 550,686
Commitments and contingencies
Temporary equity:      
Redeemable noncontrolling interest $ 2,379 $ 3,235 $ 18,550
Total temporary equity 14,075 14,931 18,550
Stockholders’ equity:      
Additional paid-in capital 309,562 307,080 329,443
Retained earnings 415,663 423,137 521,198
Accumulated other comprehensive loss (60,873) (54,019) (28,516)
EZCORP, Inc. stockholders’ equity 664,890 676,735 822,661
Total liabilities, temporary equity and stockholders’ equity 1,145,840 1,203,059 1,391,897
Common Stock Class A Non-voting, Subject to Possible Redemption      
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 December 31, 2015 and September 30, 2015; and none as of December 31, 2014 11,696 11,696 0
Common Stock Class A Non-voting      
Stockholders’ equity:      
Common stock 508 507 506
Common Stock Class B Voting      
Stockholders’ equity:      
Common stock $ 30 $ 30 $ 30
[1] Our consolidated assets as of December 31, 2015 and 2014 and September 30, 2015 include the following assets of Grupo Finmart's securitization trust that can only be used to settle its liabilities: December 31, 2015 December 31, 2014 September 30, 2015 (Unaudited) (in thousands)Restricted cash$10,360 $22,457 $12,033Consumer loans, net*38,996 35,069 36,845Consumer loan fees and interest receivable, net7,056 4,937 6,067Restricted cash, non-current194 123 197Total assets$56,606$62,586 $55,142* This amount includes current and non-current portions.
[2] Our consolidated assets as of December 31, 2015 and 2014 and September 30, 2015 include the following assets of our consolidated variable interest entities:December 31, 2015 December 31, 2014 September 30, 2015 (Unaudited) (in thousands)Restricted cash$1,565 $1,903 $1,361Consumer loans, net8,581 16,810 5,846Consumer loan fees and interest receivable, net3,703 3,579 6,399Non-current consumer loans, net20,623 36,297 27,162Total assets$34,472 $58,589 $40,768
[3] Our consolidated liabilities as of December 31, 2015 and 2014 and September 30, 2015 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.: December 31, 2015 December 31, 2014 September 30, 2015 (Unaudited) (in thousands)Long-term debt, less current maturities$40,080 $46,110 $40,493
[4] Our consolidated liabilities as of December 31, 2015 and 2014 and September 30, 2015 include the following liabilities of our consolidated variable interest entities: December 31, 2015 December 31, 2014 September 30, 2015 (Unaudited) (in thousands) Accounts payable and other accrued expenses$5,142 $3,007 $4,313 Current maturities of long-term debt40,715 50,043 42,017*Long-term debt, less current maturities20,741 63,125 31,247*Total liabilities$66,598 $116,175 $77,577