Goodwill and Other Intangible Assets

9 Months Ended

Jun. 30, 2011

Goodwill and Other Intangible Assets [Abstract]

Note F: Goodwill and Other Intangible Assets

The following table presents the balance of each major class of indefinite-lived intangible asset at the specified dates (in thousands):


	June 30, 2011		June 30, 2010		September 30, 2010
Pawn licenses	$	8,836	$	8,229	$	8,836
Trade name		4,870		4,870		4,870
Goodwill		167,017		115,570		117,305

Total	$	180,723	$	128,669	$	131,011

The following table presents the changes in the carrying value of goodwill, by segment, over the periods presented (in thousands):


	U.S Pawn				EZMONEY
	Operations		Empeño Fácil		Operations		Consolidated
Balance at September 30, 2010	$	110,255	$	7,050	$	—	$	117,305
Acquisitions		49,317		—		—		49,317
Effect of foreign currency translation changes		—		395		—		395

Balance at June 30, 2011	$	159,572	$	7,445	$	—	$	167,017


	U.S Pawn				EZMONEY
	Operations		Empeño Fácil		Operations		Consolidated
Balance at September 30, 2009	$	94,192	$	6,527	$	—	$	100,719
Post-closing purchase price allocation adjustments for prior year acquisitions		193		—		—		193
Acquisitions		14,221		—		—		14,221
Effect of foreign currency translation changes		—		437		—		437

Balance at June 30, 2010	$	108,606	$	6,964	$	—	$	115,570

The following table presents the gross carrying amount and accumulated amortization for each major class of definite-lived intangible asset at the specified dates (in thousands):


	June 30, 2011					June 30, 2010					September 30, 2010
	Carrying		Accumulated			Carrying		Accumulated			Carrying		Accumulated
	Amount		Amortization			Amount		Amortization			Amount		Amortization
License application fees	$	345	$	(345	)	$	345	$	(345	)	$	345	$	(345	)
Real estate finders’ fees		1,147		(465	)		824		(392	)		948		(401	)
Non-compete agreements		3,837		(2,472	)		3,019		(1,639	)		3,081		(1,834	)
Favorable lease		755		(289	)		644		(189	)		644		(219	)
Franchise Rights		1,636		(17	)		—		—			—		—
Other		66		(11	)		53		(4	)		48		(6	)

Total	$	7,786	$	(3,599	)	$	4,885	$	(2,569	)	$	5,066	$	(2,805	)

The amortization of most definite lived intangible assets is recorded as amortization expense. The favorable lease asset and other intangibles are amortized to Operations expense (rent expense) over the related lease terms. The following table presents the amount and classification of amortization recognized as expense in each of the periods presented (in thousands):


	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Amortization Expense	$	221	$	151	$	654	$	433
Operations Expense		28		32		76		98

Total expense from the amortization of definite-lived intangible assets	$	249	$	183	$	730	$	531

The following table presents our estimate of the amount and classification of amortization expense for definite-lived intangible assets for each of the five succeeding full fiscal years beginning October 1, 2010 (in thousands):


Fiscal Year	Amortization Expense		Operations Expense
2011	$	870	$	103
2012		802		93
2013		319		77
2014		248		63
2015		223		52

As acquisitions and dispositions occur in the future, amortization and operations expense may vary from these estimates.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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