XML 48 R33.htm IDEA: XBRL DOCUMENT v3.4.0.3
Segment Information (Tables)
6 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Operating segment information
The following tables present operating segment information for the three and six-months ended March 31, 2016 and 2015, including reclassifications discussed in Note 1 and adjustments to reflect reclassification of all discontinued operations discussed in Note 2.
 
Three Months Ended March 31, 2016
  
U.S. Pawn
 
Mexico Pawn
 
Grupo Finmart
 
Other
International
 
Total Segments
 
Corporate Items
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
Merchandise sales
$
94,740

 
$
14,603

 
$

 
$

 
$
109,343

 
$

 
$
109,343

Jewelry scrapping sales
11,599

 
1,181

 

 

 
12,780

 

 
12,780

Pawn service charges
56,614

 
7,516

 

 

 
64,130

 

 
64,130

Consumer loan fees and interest

 

 
13,589

 
2,027

 
15,616

 

 
15,616

Other revenues
49

 
(117
)
 
98

 

 
30

 

 
30

Total revenues
163,002

 
23,183

 
13,687

 
2,027

 
201,899

 

 
201,899

Merchandise cost of goods sold
58,241

 
10,090

 

 
1

 
68,332

 

 
68,332

Jewelry scrapping cost of goods sold
10,128

 
957

 

 

 
11,085

 

 
11,085

Consumer loan bad debt

 

 
8,252

 
431

 
8,683

 

 
8,683

Net revenues
94,633

 
12,136

 
5,435

 
1,595

 
113,799

 

 
113,799

Segment and corporate expenses (income):
 
 
 
 
 
 
 
 
 
 
 
 
 
Operations
61,240

 
9,024

 
8,026

 
1,992

 
80,282

 

 
80,282

Administrative

 

 

 

 

 
15,621

 
15,621

Depreciation and amortization
3,042

 
764

 
476

 
56

 
4,338

 
2,744

 
7,082

Loss on sale or disposal of assets
546

 
103

 

 

 
649

 

 
649

Restructuring
91

 
215

 

 
(2
)
 
304

 
(86
)
 
218

Interest expense
39

 
38

 
4,498

 

 
4,575

 
3,874

 
8,449

Interest income

 

 
(120
)
 

 
(120
)
 
(7
)
 
(127
)
Equity in net income of unconsolidated affiliate

 

 

 
(1,877
)
 
(1,877
)
 

 
(1,877
)
Impairment of goodwill

 

 
73,921

 

 
73,921

 

 
73,921

Other expense (income)

 
(79
)
 
(124
)
 
6

 
(197
)
 
286

 
89

Segment (loss) contribution
$
29,675

 
$
2,071

 
$
(81,242
)
 
$
1,420

 
$
(48,076
)
 
 
 
 
Loss from continuing operations before income taxes
 
 
 
 
 
 
 
 
$
(48,076
)
 
$
(22,432
)
 
$
(70,508
)
 
Three Months Ended March 31, 2015
  
U.S. Pawn
 
Mexico Pawn
 
Grupo Finmart
 
Other
International
 
Total Segments
 
Corporate Items
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
Merchandise sales
$
92,472

 
$
14,883

 
$

 
$
497

 
$
107,852

 
$

 
$
107,852

Jewelry scrapping sales
17,391

 
917

 

 
91

 
18,399

 

 
18,399

Pawn service charges
52,317

 
7,153

 

 

 
59,470

 

 
59,470

Consumer loan fees and interest

 

 
16,391

 
2,153

 
18,544

 

 
18,544

Other revenues
224

 
269

 
49

 
368

 
910

 

 
910

Total revenues
162,404

 
23,222

 
16,440

 
3,109

 
205,175

 

 
205,175

Merchandise cost of goods sold
61,490

 
10,680

 

 
322

 
72,492

 

 
72,492

Jewelry scrapping cost of goods sold
13,463

 
820

 

 
71

 
14,354

 

 
14,354

Consumer loan bad debt

 

 
4,110

 
651

 
4,761

 

 
4,761

Net revenues
87,451

 
11,722

 
12,330

 
2,065

 
113,568

 

 
113,568

Segment and corporate expenses (income):
 
 
 
 
 
 
 
 
 
 
 
 
 
Operations
57,920

 
10,406

 
7,109

 
1,755

 
77,190

 

 
77,190

Administrative

 

 

 

 

 
14,800

 
14,800

Depreciation and amortization
3,607

 
1,101

 
626

 
162

 
5,496

 
2,599

 
8,095

Loss on sale or disposal of assets
17

 
1

 

 

 
18

 
369

 
387

Restructuring

 

 

 

 

 
704

 
704

Interest expense
5

 
1

 
6,376

 

 
6,382

 
4,914

 
11,296

Interest income
(15
)
 
(24
)
 
(423
)
 

 
(462
)
 
(50
)
 
(512
)
Equity in net loss of unconsolidated affiliate

 

 

 
3,678

 
3,678

 

 
3,678

Other expense

 
282

 
1,272

 
7

 
1,561

 
301

 
1,862

Segment contribution (loss)
$
25,917

 
$
(45
)
 
$
(2,630
)
 
$
(3,537
)
 
$
19,705

 


 


Loss from continuing operations before income taxes
 
 
 
 
 
 
 
 
$
19,705

 
$
(23,637
)
 
$
(3,932
)


 
Six Months Ended March 31, 2016
  
U.S. Pawn
 
Mexico Pawn
 
Grupo Finmart
 
Other
International
 
Total Segments
 
Corporate Items
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
Merchandise sales
$
186,734

 
$
31,189

 
$

 
$
4

 
$
217,927

 
$

 
$
217,927

Jewelry scrapping sales
21,199

 
1,181

 

 
21

 
22,401

 

 
22,401

Pawn service charges
115,235

 
15,489

 

 

 
130,724

 

 
130,724

Consumer loan fees and interest

 

 
24,403

 
4,401

 
28,804

 

 
28,804

Other revenues
242

 
74

 
181

 

 
497

 

 
497

Total revenues
323,410

 
47,933

 
24,584

 
4,426

 
400,353

 

 
400,353

Merchandise cost of goods sold
113,702

 
20,888

 

 
1

 
134,591

 

 
134,591

Jewelry scrapping cost of goods sold
18,188

 
957

 

 
16

 
19,161

 

 
19,161

Consumer loan bad debt

 

 
20,243

 
1,043

 
21,286

 

 
21,286

Net revenues
191,520

 
26,088

 
4,341

 
3,366

 
225,315

 

 
225,315

Segment and corporate expenses (income):
 
 
 
 
 
 
 
 
 
 
 
 
 
Operations
124,785

 
20,217

 
17,614

 
3,272

 
165,888

 

 
165,888

Administrative

 

 

 

 

 
35,604

 
35,604

Depreciation and amortization
6,602

 
1,565

 
993

 
107

 
9,267

 
5,874

 
15,141

Loss on sale or disposal of assets
553

 
129

 

 

 
682

 

 
682

Restructuring
982

 
543

 

 
202

 
1,727

 
183

 
1,910

Interest expense
125

 
78

 
9,563

 

 
9,766

 
7,875

 
17,641

Interest income
(1
)
 

 
(251
)
 

 
(252
)
 
(15
)
 
(267
)
Equity in net income of unconsolidated affiliate

 

 

 
(3,932
)
 
(3,932
)
 

 
(3,932
)
Impairment of goodwill

 

 
73,921

 

 
73,921

 

 
73,921

Other expense

 
49

 
644

 
3

 
696

 
263

 
959

Segment (loss) contribution
$
58,474

 
$
3,507

 
$
(98,143
)
 
$
3,714

 
$
(32,448
)
 
 
 
 
Loss from continuing operations before income taxes
 
 
 
 
 
 
 
 
$
(32,448
)
 
$
(49,784
)
 
$
(82,232
)
 
Six Months Ended March 31, 2015
  
U.S. Pawn
 
Mexico Pawn
 
Grupo Finmart
 
Other
International
 
Total Segments
 
Corporate Items
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
Merchandise sales
$
181,914

 
$
34,463

 
$

 
$
1,114

 
$
217,491

 
$

 
$
217,491

Jewelry scrapping sales
34,398

 
2,324

 

 
211

 
36,933

 

 
36,933

Pawn service charges
109,352

 
15,045

 

 

 
124,397

 

 
124,397

Consumer loan fees and interest

 

 
32,706

 
4,809

 
37,515

 

 
37,515

Other revenues
408

 
509

 
105

 
543

 
1,565

 

 
1,565

Total revenues
326,072

 
52,341

 
32,811

 
6,677

 
417,901

 

 
417,901

Merchandise cost of goods sold
120,107

 
24,164

 

 
699

 
144,970

 

 
144,970

Jewelry scrapping cost of goods sold
26,796

 
2,081

 

 
152

 
29,029

 

 
29,029

Consumer loan bad debt

 

 
11,850

 
1,426

 
13,276

 

 
13,276

Net revenues
179,169

 
26,096

 
20,961

 
4,400

 
230,626

 

 
230,626

Segment and corporate expenses (income):
 
 
 
 
 
 
 
 
 
 
 
 
 
Operations
117,427

 
20,926

 
15,397

 
3,527

 
157,277

 

 
157,277

Administrative

 

 

 

 

 
27,352

 
27,352

Depreciation and amortization
7,059

 
2,345

 
1,192


353

 
10,949

 
5,154

 
16,103

Loss on sale or disposal of assets
17

 
257

 

 

 
274

 
369

 
643

Restructuring

 

 

 

 

 
726

 
726

Interest expense
13

 
2

 
14,657

 

 
14,672

 
8,658

 
23,330

Interest income
(31
)
 
(24
)
 
(904
)
 

 
(959
)
 
(84
)
 
(1,043
)
Equity in net loss of unconsolidated affiliate

 

 

 
1,484

 
1,484

 

 
1,484

Other expense

 
720

 
1,446

 
10

 
2,176

 
445

 
2,621

Segment contribution (loss)
$
54,684

 
$
1,870

 
$
(10,827
)
 
$
(974
)
 
$
44,753

 


 


Income from continuing operations before income taxes
 
 
 
 
 
 
 
 
$
44,753

 
$
(42,620
)
 
$
2,133