Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended |
Sep. 30, 2013 | |
Document and Entity Information [Abstract] | ' |
Document Type | '8-K |
Document Period End Date | 30-Sep-13 |
Amendment Flag | 'false |
Entity Registrant Name | 'CASH AMERICA INTERNATIONAL INC |
Entity Central Index Key | '0000807884 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $84,096 | $63,134 | $78,663 | $62,542 |
Pawn loans | 253,678 | 244,640 | 254,077 | 253,519 |
Consumer loans, net | 328,281 | 289,418 | 256,825 | 222,778 |
Merchandise held for disposition, net | 193,115 | 167,409 | 171,285 | 161,884 |
Pawn loan fees and service charges receivable | 50,090 | 48,991 | 48,771 | 48,003 |
Income Taxes Receivable | 10,931 | ' | 684 | ' |
Prepaid expenses and other assets | 28,840 | 35,605 | 36,912 | 31,301 |
Deferred tax assets | 46,429 | 48,992 | 39,826 | 35,065 |
Total current assets | 995,460 | 898,189 | 887,043 | 815,092 |
Property and equipment, net | 257,787 | 261,771 | 258,214 | 246,429 |
Goodwill | 670,037 | 608,216 | 599,337 | 562,721 |
Intangible assets, net | 46,860 | 36,473 | 34,877 | 34,771 |
Other assets | 21,185 | 13,609 | 12,936 | 15,236 |
Total assets | 1,991,329 | 1,818,258 | 1,792,407 | 1,674,249 |
Current liabilities: | ' | ' | ' | ' |
Accounts payable and accrued expenses | 137,473 | 126,664 | 109,986 | 113,113 |
Customer deposits | 15,123 | 11,420 | 12,944 | 9,935 |
Income taxes currently payable | 0 | 5,922 | 0 | 12,880 |
Current portion of long-term debt | 22,606 | 43,617 | 44,205 | 34,273 |
Total current liabilities | 175,202 | 187,623 | 167,135 | 170,201 |
Deferred tax liabilities | 96,286 | 101,711 | 102,048 | 89,712 |
Noncurrent income tax payable | 0 | 2,703 | 2,697 | 2,315 |
Other liabilities | 1,287 | 888 | 1,007 | 1,413 |
Long-term debt | 660,243 | 534,713 | 545,258 | 503,018 |
Total liabilities | 933,018 | 827,638 | 818,145 | 766,659 |
Stockholders' Equity | ' | ' | ' | ' |
Common stock, $0.10 par value per share, 80,000,000 shares authorized, 30,235,164 shares issued | 3,024 | 3,024 | 3,024 | 3,024 |
Additional paid-in capital | 152,872 | 157,613 | 157,874 | 167,683 |
Retained earnings | 991,682 | 879,434 | 855,972 | 776,060 |
Accumulated other comprehensive income (loss) | 2,614 | 3,128 | 4,366 | -6,896 |
Treasury shares, at cost (2,164,873 shares and 1,214,646 shares as of September 30, 2013 and 2012, respectively. 1,351,712 shares and 1,011,356 shares at December 31, 2012 and 2011, respectively.) | -91,881 | -51,304 | -46,175 | -37,419 |
Total Cash America International, Inc. shareholders' equity | 1,058,311 | 991,895 | 975,061 | 902,452 |
Noncontrolling interest | 0 | -1,275 | -799 | 5,138 |
Total equity | 1,058,311 | 990,620 | 974,262 | 907,590 |
Total liabilities and equity | $1,991,329 | $1,818,258 | $1,792,407 | $1,674,249 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
Consolidated Balance Sheets [Abstract] | ' | ' | ' | ' |
Common stock, par value per share | $0.10 | $0.10 | $0.10 | $0.10 |
Authorized to issue of shares | 80,000,000 | 80,000,000 | 80,000,000 | 80,000,000 |
Common stock, shares issued | 30,235,164 | 30,235,164 | 30,235,164 | 30,235,164 |
Treasury shares at cost | 2,164,873 | 1,351,712 | 1,214,646 | 1,011,356 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |||||||
Revenue | ' | ' | ' | ' | ' | ' | ' | |||||||
Pawn loan fees and service charges | $79,298 | $76,500 | $227,940 | $221,450 | $300,929 | $282,197 | $243,713 | |||||||
Proceeds from disposition of merchandise | 128,660 | 153,493 | 438,909 | 517,832 | 703,767 | 688,884 | 588,190 | |||||||
Consumer loan fees | 227,563 | 205,094 | 640,199 | 558,656 | 781,520 | 598,646 | 490,952 | |||||||
Other | 2,280 | 4,607 | 9,832 | 10,888 | 14,214 | 13,337 | 14,195 | |||||||
Total Revenue | 437,801 | 439,694 | 1,316,880 | 1,308,826 | 1,800,430 | 1,583,064 | 1,337,050 | |||||||
Cost of Revenue | ' | ' | ' | ' | ' | ' | ' | |||||||
Disposed merchandise | 91,101 | 106,918 | 301,397 | 350,878 | 478,179 | 447,617 | 382,467 | |||||||
Consumer loan loss provision | 99,693 | 84,299 | 251,774 | 219,079 | 316,294 | 225,688 | 182,394 | |||||||
Total Cost of Revenue | 190,794 | 191,217 | 553,171 | 569,957 | 794,473 | 673,305 | 564,861 | |||||||
Gross Profit | ' | ' | ' | ' | ' | ' | ' | |||||||
Net Revenue | 247,007 | 248,477 | 763,709 | 738,869 | 1,005,957 | 909,759 | 772,189 | |||||||
Expenses | ' | ' | ' | ' | ' | ' | ' | |||||||
Operation and administration | 199,705 | 181,215 | 554,042 | 515,560 | 714,614 | 611,268 | 521,134 | |||||||
Other Depreciation and Amortization | 18,783 | 27,074 | 54,314 | 56,882 | 75,428 | 54,149 | 43,923 | |||||||
Total Expenses | 218,488 | 208,289 | 608,356 | 572,442 | 790,042 | 665,417 | 565,057 | |||||||
Operating Income Loss | ' | ' | ' | ' | ' | ' | ' | |||||||
Income (loss) from Operations | 28,519 | 40,188 | 155,353 | 166,427 | 215,915 | 244,342 | 207,132 | |||||||
Income From Continuing Operations | ' | ' | ' | ' | ' | ' | ' | |||||||
Interest expense | -9,260 | -7,196 | -25,608 | -21,065 | -29,131 | -25,528 | -22,345 | |||||||
Interest income | 1 | 22 | 69 | 79 | 144 | 81 | 325 | |||||||
Gains (Losses) On Extinguishment Of Debt | -346 | 0 | -346 | 0 | ' | ' | ' | |||||||
Foreign currency transaction gain (loss) | -741 | 93 | -1,053 | -72 | -313 | -1,265 | -463 | |||||||
Equity in income (loss) of unconsolidated subsidiary | 0 | -61 | -136 | -209 | -295 | -104 | -136 | |||||||
Income From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | |||||||
Income (loss) before Income Taxes | 18,173 | 33,046 | 128,279 | 145,160 | 186,320 | 217,526 | 184,513 | |||||||
Income Tax Expense (Benefit) | -28,013 | 25,116 | 12,727 | 67,487 | 84,656 | 82,360 | 69,269 | |||||||
Net Income Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | |||||||
Net Income (loss) | 46,186 | 7,930 | 115,552 | 77,673 | 101,664 | 135,166 | 115,244 | |||||||
Net Income (Loss) | ' | ' | ' | ' | ' | ' | ' | |||||||
Net loss (income) attributable to the noncontrolling interest | 0 | 3,773 | -308 | 5,317 | 5,806 | 797 | 294 | |||||||
Net Income (Loss) Attributable to Cash America International, Inc. | $46,186 | $11,703 | [1] | $115,244 | $82,990 | $107,470 | $135,963 | $115,538 | ||||||
Earnings Per Share: | ' | ' | ' | ' | ' | ' | ' | |||||||
Basic | $1.62 | $0.40 | $4.01 | $2.80 | $3.64 | $4.59 | $3.90 | |||||||
Diluted | $1.52 | $0.37 | [2] | $3.73 | $2.62 | $3.42 | $4.25 | $3.67 | ||||||
Weighted average common shares outstanding: | ' | ' | ' | ' | ' | ' | ' | |||||||
Basic | 28,426 | [3] | 29,536 | [3] | 28,747 | [3] | 29,599 | [3] | 29,514 | [4] | 29,602 | [4] | 29,640 | [4] |
Diluted | 30,379 | [5] | 31,375 | [5] | 30,857 | [5] | 31,643 | [5] | 31,452 | [6] | 31,991 | [6] | 31,521 | [6] |
Dividends declared per common share | $0.04 | $0.04 | $0.11 | $0.11 | $0.14 | $0.14 | $0.14 | |||||||
[1] | Net income attributable to Cash America International, Inc. for the third and fourth quarter of 2012 did not follow the normal seasonal trend due to the expenses recognized in connection with the Mexico ReorganizationB and the Ohio Reimbursements.B See Notes 4 and 15. | |||||||||||||
[2] | The sum of the quarterly net income per share amounts may not total to each full year amount presented in the Company's financial statements because these computations are made independently for each quarter and for the full year and take into account the weighted average number of common shares outstanding for each period, including the effect of dilutive securities for that period. | |||||||||||||
[3] | Includes vested and deferred restricted stock units of 301 and 291, as well as 31 and 31 shares held in the Company's nonqualified deferred compensation plan for the three months ended September 30, 2013 and 2012, respectively, and vested and deferred restricted stock units of 308 and 285, as well as 31 and 31 shares held in the Company's nonqualified deferred compensation plan for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||
[4] | Includes vested restricted stock units of 287, 231 and 191, as well as shares in the Company's nonqualified deferred compensation plan of 31, 32 and 33 for the years ended December 31, 2012, 2011 and 2010, respectively. | |||||||||||||
[5] | There were 25 anti-dilutive shares for the nine months ended September 30, 2013 and no anti-dilutive shares for the three months ended September 30, 2013 and three and nine months ended September 30, 2012. | |||||||||||||
[6] | Except as described in footnote (b), there are no anti-dilutive shares. |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |||||||
Net Income Loss [Abstract] | ' | ' | ' | ' | ' | ' | ' | |||||||
Net income | $46,186 | $7,930 | $115,552 | $77,673 | $101,664 | $135,166 | $115,244 | |||||||
Other comprehensive (loss) gain, net of tax: | ' | ' | ' | ' | ' | ' | ' | |||||||
Unrealized derivatives gain (loss) | 0 | [1] | 0 | [1] | 0 | [1] | 12 | [1] | 12 | [2] | 98 | [2] | -97 | [2] |
Foreign currency translation (loss) gain | 2,976 | [3] | 7,664 | [3] | -371 | [3] | 10,038 | [3] | 9,064 | [4] | -12,679 | [4] | 5,372 | [4] |
Marketable securities unrealized gain (loss) | 0 | [5] | 767 | [5] | -254 | [5] | 1,311 | [5] | 1,060 | [6] | 496 | [6] | -1,302 | [6] |
Total other comprehensive (loss) gain, net of tax | 2,976 | 8,431 | -625 | 11,361 | 10,136 | -12,085 | 3,973 | |||||||
Comprehensive income | 49,162 | 16,361 | 114,927 | 89,034 | 111,800 | 123,081 | 119,217 | |||||||
Net loss (income) attributable to the noncontrolling interest | 0 | 3,773 | -308 | 5,317 | 5,806 | 797 | 294 | |||||||
Foreign currency translation loss (gain) attributable to the noncontrolling interest | 0 | -77 | 111 | -99 | -112 | 392 | -357 | |||||||
Comprehensive income attributable to the noncontrolling interest | 0 | 3,696 | -197 | 5,218 | 5,694 | 1,189 | -63 | |||||||
Comprehensive Income attributable to Cash America International, Inc. | $49,162 | $20,057 | $114,730 | $94,252 | $117,494 | $124,270 | $119,154 | |||||||
[1] | Net of tax provision of $6 for the nine months ended September 30, 2012. | |||||||||||||
[2] | Net of tax benefit (provision) of $(6), $(53) and $52 for the years ended December 31, 2012, 2011 and 2010. | |||||||||||||
[3] | Net of tax benefit (provision) of $1,977 and $1,529 for the three months ended September 30, 2013 and 2012, respectively, and $238 and $1,581 for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||
[4] | Net of tax benefit (provision) of $(1,426), $626 and $219 for the years ended December 31, 2012, 2011 and 2010. | |||||||||||||
[5] | Net of tax (provision) benefit of $(413) for the three months ended September 30, 2012 and $136 and $(705) for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||
[6] | Net of tax benefit (provision) of $(570), $(266) and $700 for the years ended December 31, 2012, 2011 and 2010. |
Consolidated_Statements_Of_Com1
Consolidated Statements Of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Statement of Other Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Tax (provision)/benefit of unrealized derivatives gain (loss) | ' | ' | ' | ($6) | ($6) | ($53) | $52 |
Tax (provision)/benefit of foreign currency translation gain (loss) | -1,977 | -1,529 | -238 | -1,581 | -1,426 | 626 | 219 |
Tax (provision)/benefit of marketable securities unrealized gain (loss) | $0 | ($413) | $136 | ($705) | ($570) | ($266) | $700 |
Consolidated_Statements_Of_Equ
Consolidated Statements Of Equity (USD $) | Total | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] | Treasury Stock [Member] | Total Stock Holders Equity [Member] | Minority Interest And Earnings Losses Equity Investments [Member] | |
In Thousands, except Share data | |||||||||
Beginning Balance at Dec. 31, 2009 | $683,199 | $3,024 | $166,761 | $532,805 | $1,181 | ($26,836) | $676,935 | $6,264 | |
Beginning Balance, in shares, at Dec. 31, 2009 | ' | 30,235,164 | ' | ' | ' | -933,082 | ' | ' | |
Reissuance of treasury shares | 10,854 | ' | -699 | ' | ' | 11,553 | 10,854 | ' | |
Reissuance of treasury shares, in shares | ' | ' | ' | ' | ' | 366,097 | ' | ' | |
Shares issued under stock-based plans | 2,013 | ' | -6,469 | ' | ' | 8,482 | 2,013 | ' | |
Shares issued under stock-based plans, in shares | ' | ' | ' | ' | ' | 289,921 | ' | ' | |
Stock-based compensation expense | 3,815 | ' | 3,815 | ' | ' | ' | 3,815 | ' | |
Income tax benefit from stock-based compensation | 2,250 | ' | 2,250 | ' | ' | ' | 2,250 | ' | |
Net income attributable to Cash America International, Inc. | 115,538 | ' | ' | 115,538 | ' | ' | 115,538 | ' | |
Dividends paid | -4,135 | ' | ' | -4,135 | ' | ' | -4,135 | ' | |
Unrealized derivatives gain (loss), net of tax | -97 | ' | ' | ' | -97 | ' | -97 | ' | |
Foreign currency translation gain (loss), net of tax | 5,372 | [1] | ' | ' | ' | 5,015 | ' | 5,015 | 357 |
Marketable securities unrealized gain (loss), net of tax | -1,302 | [2] | ' | ' | ' | -1,302 | ' | -1,302 | ' |
Purchases of treasury shares, in shares | ' | ' | ' | ' | ' | -408,251 | ' | ' | |
Purchases of treasury shares | -14,482 | ' | ' | ' | ' | -14,482 | -14,482 | ' | |
Loss attributable to noncontrolling interests | -294 | ' | ' | ' | ' | ' | ' | -294 | |
Ending Balance at Dec. 31, 2010 | 802,731 | 3,024 | 165,658 | 644,208 | 4,797 | -21,283 | 796,404 | 6,327 | |
Ending Balance, in shares, at Dec. 31, 2010 | ' | 30,235,164 | ' | ' | ' | -685,315 | ' | ' | |
Shares issued under stock-based plans | 403 | ' | -3,949 | ' | ' | 4,352 | 403 | ' | |
Shares issued under stock-based plans, in shares | ' | ' | ' | ' | ' | 131,382 | ' | ' | |
Stock-based compensation expense | 4,934 | ' | 4,934 | ' | ' | ' | 4,934 | ' | |
Income tax benefit from stock-based compensation | 1,040 | ' | 1,040 | ' | ' | ' | 1,040 | ' | |
Net income attributable to Cash America International, Inc. | 135,963 | ' | ' | 135,963 | ' | ' | 135,963 | ' | |
Dividends paid | -4,111 | ' | ' | -4,111 | ' | ' | -4,111 | ' | |
Unrealized derivatives gain (loss), net of tax | 98 | ' | ' | ' | 98 | ' | 98 | ' | |
Foreign currency translation gain (loss), net of tax | -12,679 | [1] | ' | ' | ' | -12,287 | ' | -12,287 | -392 |
Marketable securities unrealized gain (loss), net of tax | 496 | [2] | ' | ' | ' | 496 | ' | 496 | ' |
Purchases of treasury shares, in shares | ' | ' | ' | ' | ' | -457,423 | ' | ' | |
Purchases of treasury shares | -20,488 | ' | ' | ' | ' | -20,488 | -20,488 | ' | |
Loss attributable to noncontrolling interests | -797 | ' | ' | ' | ' | ' | ' | -797 | |
Ending Balance at Dec. 31, 2011 | 907,590 | 3,024 | 167,683 | 776,060 | -6,896 | -37,419 | 902,452 | 5,138 | |
Ending Balance, in shares, at Dec. 31, 2011 | ' | 30,235,164 | ' | ' | ' | -1,011,356 | ' | ' | |
Shares issued under stock-based plans | 1,251 | ' | -8,208 | ' | ' | 9,459 | 1,251 | ' | |
Shares issued under stock-based plans, in shares | ' | ' | ' | ' | ' | 250,470 | ' | ' | |
Stock-based compensation expense | 3,982 | ' | 3,982 | ' | ' | ' | 3,982 | ' | |
Income tax benefit from stock-based compensation | 2,082 | ' | 2,082 | ' | ' | ' | 2,082 | ' | |
Net income attributable to Cash America International, Inc. | 82,990 | ' | ' | 82,990 | ' | ' | 82,990 | ' | |
Dividends paid | -3,078 | ' | ' | -3,078 | ' | ' | -3,078 | ' | |
Unrealized derivatives gain (loss), net of tax | 12 | ' | ' | ' | 12 | ' | 12 | ' | |
Foreign currency translation gain (loss), net of tax | 10,038 | [3] | ' | ' | ' | 9,939 | ' | 9,939 | 99 |
Marketable securities unrealized gain (loss), net of tax | 1,311 | [4] | ' | ' | ' | 1,311 | ' | 1,311 | ' |
Purchases of treasury shares, in shares | ' | ' | ' | ' | ' | -453,760 | ' | ' | |
Purchases of treasury shares | -18,215 | ' | ' | ' | ' | -18,215 | -18,215 | ' | |
Loss attributable to noncontrolling interests | -5,317 | ' | ' | ' | ' | ' | ' | -5,317 | |
Purchase of noncontrolling interest | -8,384 | ' | -7,665 | ' | ' | ' | -7,665 | -719 | |
Ending Balance at Sep. 30, 2012 | 974,262 | 3,024 | 157,874 | 855,972 | 4,366 | -46,175 | 975,061 | -799 | |
Ending Balance, in shares, at Sep. 30, 2012 | ' | 30,235,164 | ' | ' | ' | -1,214,646 | ' | ' | |
Beginning Balance at Dec. 31, 2011 | 907,590 | 3,024 | 167,683 | 776,060 | -6,896 | -37,419 | 902,452 | 5,138 | |
Beginning Balance, in shares, at Dec. 31, 2011 | ' | 30,235,164 | ' | ' | ' | -1,011,356 | ' | ' | |
Shares issued under stock-based plans | 1,784 | ' | -9,847 | ' | ' | 11,631 | 1,784 | ' | |
Shares issued under stock-based plans, in shares | ' | ' | ' | ' | ' | 307,070 | ' | ' | |
Stock-based compensation expense | 4,804 | ' | 4,804 | ' | ' | ' | 4,804 | ' | |
Income tax benefit from stock-based compensation | 2,638 | ' | 2,638 | ' | ' | ' | 2,638 | ' | |
Net income attributable to Cash America International, Inc. | 107,470 | ' | ' | 107,470 | ' | ' | 107,470 | ' | |
Dividends paid | -4,096 | ' | ' | -4,096 | ' | ' | -4,096 | ' | |
Unrealized derivatives gain (loss), net of tax | 12 | ' | ' | ' | 12 | ' | 12 | ' | |
Foreign currency translation gain (loss), net of tax | 9,064 | [1] | ' | ' | ' | 8,952 | ' | 8,952 | 112 |
Marketable securities unrealized gain (loss), net of tax | 1,060 | [2] | ' | ' | ' | 1,060 | ' | 1,060 | ' |
Purchases of treasury shares, in shares | ' | ' | ' | ' | ' | -647,426 | ' | ' | |
Purchases of treasury shares | -25,516 | ' | ' | ' | ' | -25,516 | -25,516 | ' | |
Loss attributable to noncontrolling interests | -5,806 | ' | ' | ' | ' | ' | ' | -5,806 | |
Purchase of noncontrolling interest | -8,384 | ' | -7,665 | ' | ' | ' | -7,665 | -719 | |
Ending Balance at Dec. 31, 2012 | 990,620 | 3,024 | 157,613 | 879,434 | 3,128 | -51,304 | 991,895 | -1,275 | |
Ending Balance, in shares, at Dec. 31, 2012 | ' | 30,235,164 | ' | ' | ' | -1,351,712 | ' | ' | |
Shares issued under stock-based plans | 0 | ' | -4,871 | ' | ' | 4,871 | 0 | ' | |
Shares issued under stock-based plans, in shares | ' | ' | ' | ' | ' | 127,087 | ' | ' | |
Stock-based compensation expense | 3,899 | ' | 3,899 | ' | ' | ' | 3,899 | ' | |
Income tax benefit from stock-based compensation | 595 | ' | 595 | ' | ' | ' | 595 | ' | |
Redemption of convertible debt | -4,573 | ' | -4,573 | ' | ' | ' | -4,573 | ' | |
Net income attributable to Cash America International, Inc. | 115,244 | ' | ' | 115,244 | ' | ' | 115,244 | ' | |
Dividends paid | -2,996 | ' | ' | -2,996 | ' | ' | -2,996 | ' | |
Foreign currency translation gain (loss), net of tax | -371 | [3] | ' | ' | ' | -260 | ' | -260 | -111 |
Marketable securities unrealized gain (loss), net of tax | -254 | [4] | ' | ' | ' | -254 | ' | -254 | ' |
Purchases of treasury shares, in shares | ' | ' | ' | ' | ' | -940,248 | ' | ' | |
Purchases of treasury shares | -45,448 | ' | ' | ' | ' | -45,448 | -45,448 | ' | |
Loss attributable to noncontrolling interests | 308 | ' | ' | ' | ' | ' | ' | 308 | |
Purchase of noncontrolling interest | 1,287 | ' | 209 | ' | ' | ' | 209 | 1,078 | |
Ending Balance at Sep. 30, 2013 | $1,058,311 | $3,024 | $152,872 | $991,682 | $2,614 | ($91,881) | $1,058,311 | $0 | |
Ending Balance, in shares, at Sep. 30, 2013 | ' | 30,235,164 | ' | ' | ' | -2,164,873 | ' | ' | |
[1] | Net of tax benefit (provision) of $(1,426), $626 and $219 for the years ended December 31, 2012, 2011 and 2010. | ||||||||
[2] | Net of tax benefit (provision) of $(570), $(266) and $700 for the years ended December 31, 2012, 2011 and 2010. | ||||||||
[3] | Net of tax benefit (provision) of $1,977 and $1,529 for the three months ended September 30, 2013 and 2012, respectively, and $238 and $1,581 for the nine months ended September 30, 2013 and 2012, respectively. | ||||||||
[4] | Net of tax (provision) benefit of $(413) for the three months ended September 30, 2012 and $136 and $(705) for the nine months ended September 30, 2013 and 2012, respectively. |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Cash Flows from Operating Activities | ' | ' | ' | ' | ' |
Net income | $115,552 | $77,673 | $101,664 | $135,166 | $115,244 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' | ' | ' |
Depreciation and amortization | 54,314 | 56,882 | 75,428 | 54,149 | 43,923 |
Amortization of debt discount | 4,665 | 2,835 | 3,811 | 3,566 | 3,340 |
Consumer loan loss provision | 251,774 | 219,079 | 316,294 | 225,688 | 182,394 |
Stock-based compensation | 3,899 | 3,982 | 4,804 | 4,934 | 3,815 |
Deferred income taxes, net | -2,963 | 5,614 | -3,521 | 25,563 | 8,842 |
Excess income tax benefit from stock-based compensation | -595 | -2,082 | -2,638 | -1,040 | -2,250 |
Other | 1,267 | 3,985 | 8,601 | 2,884 | 718 |
Changes in operating assets and liabilities, net of assets acquired | ' | ' | ' | ' | ' |
Merchandise held for disposition | 7,011 | 8,216 | 10,229 | -7,150 | -1,869 |
Pawn loan fees and service charges receivable | 1,025 | 979 | 1,312 | -5,707 | -2,120 |
Finance and service charges on consumer loans | -3,773 | -2,989 | -8,218 | -9,426 | -3,590 |
Prepaid expenses and other assets | 1,920 | -681 | -284 | 2,337 | 4,146 |
Accounts payable and accrued expenses | 12,890 | -6,680 | 14,038 | 9,916 | 11,569 |
Current income taxes | -16,025 | -10,787 | -3,886 | 12,310 | -5,415 |
Other operating assets and liabilities | 2,335 | 1,820 | 647 | 814 | 413 |
Net cash provided by operating activities | 433,296 | 357,846 | 518,281 | 454,004 | 359,160 |
Cash Flows from Investing Activities | ' | ' | ' | ' | ' |
Pawn loans made | -552,280 | -573,465 | -760,925 | -779,668 | -644,683 |
Pawn loans repaid | 320,055 | 323,891 | 426,583 | 408,105 | 340,267 |
Principal recovered through dispositions of forfeited pawn loans | 209,399 | 244,686 | 336,791 | 316,651 | 291,163 |
Consumer loans repaid | 1,222,379 | 1,124,728 | 1,537,930 | 1,324,807 | 1,374,445 |
Consumer loans made or purchased | -1,512,668 | -1,375,293 | -1,912,962 | -1,621,836 | -1,591,467 |
Acquisitions, net of cash acquired | -104,668 | -56,919 | -78,217 | -49,539 | -82,263 |
Purchases of property and equipment | -43,006 | -58,566 | -79,399 | -75,049 | -59,697 |
Proceeds From Sales Of Assets | ' | ' | 5,471 | 0 | 0 |
Proceeds from sales of marketable securities | 6,616 | 0 | ' | ' | ' |
Investment in equity securities | ' | ' | -1,000 | -5,000 | -5,652 |
Other investing activities | 1,182 | -784 | -926 | -515 | 822 |
Net cash provided by (used in) investing activities | -452,991 | -371,722 | -526,654 | -482,044 | -377,065 |
Cash Flows from Financing Activities | ' | ' | ' | ' | ' |
Net borrowings (repayments) under bank lines of credit | -180,786 | 7,427 | 20,172 | 65,814 | 25,362 |
Issuance of long-term debt | 300,000 | 52,000 | 52,000 | 50,000 | 25,000 |
Net proceeds from re-issuance of treasury shares | 0 | 1,251 | 1,784 | 403 | 2,013 |
Debt issuance costs paid | -9,941 | -425 | -440 | -2,902 | -293 |
Payments on notes payable | -21,787 | -9,585 | -34,272 | -38,113 | -25,493 |
Excess income tax benefit from stock-based compensation | 595 | 2,082 | 2,638 | 1,040 | 2,250 |
Treasury shares purchased | -45,448 | -17,832 | -25,133 | -20,488 | -14,482 |
Dividends paid | -2,996 | -3,078 | -4,096 | -4,111 | -4,135 |
Purchase of noncontrolling interest | -4 | -5,625 | -5,625 | 0 | 0 |
Net cash provided by (used in) financing activities | 39,633 | 26,215 | 7,028 | 51,643 | 10,222 |
Effect of exchange rates on cash | 1,024 | 3,782 | 1,937 | 615 | 3 |
Net increase (decrease) in cash and cash equivalents | 20,962 | 16,121 | 592 | 24,218 | -7,680 |
Cash and cash equivalents at beginning of year | 63,134 | 62,542 | 62,542 | 38,324 | 46,004 |
Cash and cash equivalents at end of period | 84,096 | 78,663 | 63,134 | 62,542 | 38,324 |
Non-cash investing and financing activities | ' | ' | ' | ' | ' |
Pawn loans forfeited and transferred to merchandise held for disposition | 237,685 | 257,278 | 350,122 | 334,869 | 297,045 |
Pawn loans renewed | 197,781 | 206,412 | 279,553 | 207,661 | 134,539 |
Consumer loans renewed | $487,258 | $471,415 | $629,516 | $571,651 | $416,168 |
Nature_Of_The_Company
Nature Of The Company | 12 Months Ended |
Dec. 31, 2012 | |
Nature Of The Company [Abstract] | ' |
Nature Of The Company | ' |
1. Nature of the Company | |
Cash America International, Inc. and its subsidiaries (collectively, the “Company”) provides specialty financial services to individuals through retail services locations and e-commerce activities. | |
The Company offers secured non-recourse loans, commonly referred to as pawn loans. Pawn loans are short-term loans (generally 30 to 90 days) made on the pledge of tangible personal property. Pawn loan fees and service charges revenue is generated from the Company's pawn loan portfolio. A related activity of the pawn lending operations is the disposition of collateral from unredeemed pawn loans and the liquidation of a smaller volume of merchandise purchased directly from customers or from third parties. | |
The Company originates, guarantees or purchases consumer loans (collectively referred to as “consumer loans” throughout this discussion). Consumer loans provide customers with cash, typically in exchange for an obligation to repay the amount advanced plus fees and any applicable interest. Consumer loans include short-term loans (commonly referred to as payday loans), line of credit accounts and installment loans. | |
Short-term loans include unsecured short-term loans written by the Company or by a third-party lender through the Company's credit services organization programs (“CSO programs” as further described below) that the Company guarantees. Line of credit accounts include draws made through the Company's line of credit product, and, in 2010, included micro line of credit (“MLOC”) receivables, which are participation interests in receivables acquired from a third-party lender in connection with MLOC services the Company offered. Installment loans are longer-term multi-payment loans that generally require the pay-down of portions of the outstanding principal balance in multiple installments and include unsecured loans and auto equity loans, which are secured by a customer's vehicle, that are written by the Company or by a third-party lender through the Company's CSO programs that the Company guarantees. The Company offers consumer loans over the Internet under the names “CashNetUSA” and “NetCredit” in the United States, under the names “QuickQuid” and “Pounds to Pocket” in the United Kingdom and under the name “DollarsDirect” in Australia and Canada. The Company also offers a line of credit product, which is similar to the MLOC product for which the Company previously provided services, under the name “Debit Plus” in Mexico. | |
Through the Company's CSO programs the Company provides services related to a third-party lender's consumer loan products in some markets by acting as a credit services organization or credit access business on behalf of consumers in accordance with applicable state laws. Services offered under the CSO programs include credit-related services such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents (“CSO loans”). Under the CSO programs, the Company guarantees consumer loan payment obligations to the third-party lender in the event that the customer defaults on the loan. CSO loans are not included in the Company's financial statements, but the Company has established a liability for the estimated losses in support of the guarantee on these loans in its consolidated balance sheets. | |
In addition, the Company provides check cashing and other ancillary services through many of its retail services locations and through its franchised check cashing centers. The ancillary services provided mainly include money orders, wire transfers, prepaid debit cards, tax filing services and auto insurance. Most of these ancillary services are provided through third-party vendors. | |
Significant_Accounting_Policie
Significant Accounting Policies | 9 Months Ended | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||
Significant Accounting Policies [Abstract] | ' | ' | ||||||||||||||||
Significant Accounting Policies | ' | ' | ||||||||||||||||
1. Significant Accounting Policies | 2. Significant Accounting Policies | |||||||||||||||||
Basis of Presentation | Basis of Presentation | |||||||||||||||||
The consolidated financial statements include all of the accounts of Cash America International, Inc. and its subsidiaries (the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. | The consolidated financial statements include all of the accounts of the Company. All significant intercompany accounts and transactions have been eliminated in consolidation. | |||||||||||||||||
The financial statements as of September 30, 2013 and 2012 and for the three- and nine-month periods then ended are unaudited but, in management's opinion, include all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for such interim periods. The year-end consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by generally accepted accounting principles in the United States of America (“GAAP”). Operating results for the three- and nine-month periods are not necessarily indicative of the results that may be expected for the full fiscal year. | Prior to 2012, the Company had a contractual relationship with a third-party entity, Huminal, S.A. de C.V., a Mexican sociedad anónima de capital variable ("Huminal"), to compensate and maintain the labor force of its Mexico-based pawn operations that formerly operated under the name “Prenda Fácil” (“Prenda Fácil”). Prenda Fácil was owned by Creazione Estilo, S.A. de C.V., a Mexican sociedad anónima de capital variable (“Creazione”). On January 1, 2012, the labor force of the Mexico pawn operations was transferred from Huminal to a wholly-owned subsidiary of Creazione. However, Prenda Fácil qualifies as the primary beneficiary of Huminal in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation (“ASC 810”). Therefore, the results and balances of Huminal are consolidated and allocated to net income attributable to noncontrolling interests. In January 2013, the Company's remaining Mexico-based pawn operations were sold by Creazione to another wholly-owned subsidiary, CA Empeños Mexico, S. de R.L. de C.V., and began operating exclusively under the name “Cash America case de empeño.” In connection with the reorganization of the Company's Mexico-based pawn lending operations during 2012 (the “Mexico Reorganization”), the Company intends to liquidate the remaining assets of Creazione, which are insignificant, in 2013. See Note 4 for additional discussion. | |||||||||||||||||
These financial statements and related notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2012. | In the first quarter of 2012, the Company changed its accounting policy with respect to its foreign pawn operations to reflect pledged collateral underlying delinquent pawn loans as “Merchandise held for disposition, net,” the proceeds received from the disposition of this collateral as “Proceeds from disposition of merchandise” and the cost basis for this collateral as “Cost of disposed merchandise” in its consolidated financial statements. The Company believes this change, from one generally accepted accounting principle to another generally accepted accounting principle, is preferable because it enhances comparability of its financial statements by reporting financial results associated with its foreign pawn operations in the same manner as the financial results associated with its domestic pawn operations. The Company did not change its accounting policy with respect to its domestic pawn operations, and the change in the Company's accounting policy with respect to its foreign pawn operations had no impact on the Company's consolidated Net Revenue or Net Income previously reported. The change has been applied retrospectively. The following tables summarize the impact of the accounting change in the Company's consolidated financial statements as of December 31, 2011 and for the years ended December 31, 2011 and 2010, respectively (dollars in thousands): | |||||||||||||||||
Through April 2013, the Company had a contractual relationship with a third party entity, Huminal, S.A. de C.V., a Mexican sociedad anónima de capital variable (“Huminal”). The Company qualified as the primary beneficiary of Huminal in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation (“ASC 810”). Therefore, the results and balances of Huminal were consolidated and allocated to net income attributable to noncontrolling interests. In May 2013, the Company acquired the remaining outstanding common stock of Huminal to increase its ownership to 100% of Huminal and, as a result, Huminal became a wholly-owned subsidiary of the Company as of that date. The Company accounted for this transaction as a change in ownership interests that does not result in a change in control. | Year Ended | Year Ended | ||||||||||||||||
31-Dec-11 | 31-Dec-10 | |||||||||||||||||
Cash and Cash Equivalents | As previously reported | As Adjusted | As previously reported | As Adjusted | ||||||||||||||
Consolidated Statements of Income | ||||||||||||||||||
The Company considers cash on hand in operating locations, deposits in banks and short-term investments with original maturities of 90 days or less as cash and cash equivalents. Cash equivalents are principally invested in short-term money market funds. | Pawn loan fees and service charges | $ | 291,891 | $ | 282,197 | $ | 253,314 | $ | 243,713 | |||||||||
Proceeds from disposition of merchandise | 636,728 | 688,884 | 534,878 | 588,190 | ||||||||||||||
Goodwill and Other Indefinite-Lived Intangible Assets | Total revenue | 1,540,602 | 1,583,064 | 1,293,339 | 1,337,050 | |||||||||||||
Disposed merchandise | 405,155 | 447,617 | 338,756 | 382,467 | ||||||||||||||
Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In accordance with ASC 350-20-35, Goodwill—Subsequent Measurement, the Company tests goodwill and intangible assets with an indefinite life for potential impairment annually as of June 30 and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. | Total cost of revenue | 630,843 | 673,305 | 521,150 | 564,861 | |||||||||||||
Net revenue | 909,759 | 909,759 | 772,189 | 772,189 | ||||||||||||||
The Company uses the income approach to complete its annual goodwill assessment. The income approach uses future cash flows and estimated terminal values for each of the Company's reporting units that are discounted using a market participant perspective to determine the fair value of each reporting unit, which is then compared to the carrying value of that reporting unit to determine if there is impairment. The income approach includes assumptions about revenue growth rates, operating margins and terminal growth rates discounted by an estimated weighted-average cost of capital derived from other publicly-traded companies that are similar but not identical from an operational and economic standpoint. The Company completed its annual assessment of goodwill as of June 30, 2013 and determined that the fair value of its goodwill was in excess of carrying value, and, as a result, no impairment existed at that date. | ||||||||||||||||||
Consolidated Statement of Cash Flows | ||||||||||||||||||
The Company performed its annual indefinite-lived intangible asset impairment test as of June 30, 2013. The Company elected to perform a qualitative assessment in accordance with Accounting Standards Update (“ASU”) No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment (“ASU 2012-02”), and determined that it was not more likely than not that the indefinite-lived intangible assets were impaired. Therefore, no further quantitative assessment was required. | Merchandise other than forfeited | $ | -7,238 | $ | -7,150 | $ | -6,914 | $ | -1,869 | |||||||||
Prepaid expenses and other assets | -2,723 | 2,337 | 1,337 | 4,146 | ||||||||||||||
Adopted Accounting Standards | Net cash provided by operating activities | 448,856 | 454,004 | 351,306 | 359,160 | |||||||||||||
Pawn loans repaid | 453,350 | 408,105 | 391,440 | 340,267 | ||||||||||||||
In February 2013, the FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220) — Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which improves the reporting of reclassifications out of accumulated other comprehensive income. ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income by the respective line items on the consolidated statements of income that compose net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety from accumulated other comprehensive income to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. The Company adopted ASU 2013-02 on January 1, 2013, and the adoption did not have a material effect on its financial position, results of operations or other comprehensive income. See Note 7 for further discussion. | Principal recovered through dispositions of forfeited pawn loans | 275,547 | 316,651 | 248,850 | 291,163 | |||||||||||||
Net cash used in investing activities | -477,903 | -482,044 | -368,205 | -377,065 | ||||||||||||||
In July 2012, the FASB issued ASU 2012-02. ASU 2012-02 provides companies with the option to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not (a likelihood of more than 50 percent) that the indefinite-lived intangible asset is impaired. If a company concludes that it is more likely than not that the asset is impaired, it is required to determine the fair value of the intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying value in accordance with ASC 350, Intangibles—Goodwill and Other. If a company concludes otherwise, no further quantitative assessment is required. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, although early adoption is permitted. The Company adopted ASU 2012-02 on January 1, 2013, and the adoption did not have a material effect on its financial position or results of operations. | ||||||||||||||||||
Consolidated Statement of Cash Flows—Supplemental Disclosures | ||||||||||||||||||
In December 2011, the FASB issued ASU No. 2011-11, Disclosures about Offsetting Assets and Liabilities (Topic 210) (“ASU 2011-11”). ASU 2011-11 requires a company to provide enhanced disclosures about financial instruments and derivative instruments that are either presented on a net basis on the balance sheet or are subject to an enforceable master netting or similar arrangement. In January 2013, the FASB issued ASU No. 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01”), which limits the scope of ASU 2011-11 by requiring additional disclosure about financial instruments and derivative instruments that are either offset in the statement of financial position or subject to an enforceable master netting arrangement. ASU 2013-01 requires retrospective disclosure for all comparative periods. ASU 2011-11 and ASU 2013-01 are effective for annual and interim reporting periods beginning January 1, 2013. The Company adopted ASU 2011-11 and ASU 2013-01 on January 1, 2013, and the adoption of these standards did not have a material effect on its financial position or results of operations. See Note 13 for further discussion. | Pawn loans forfeited and transferred to merchandise held for disposition | $ | 299,693 | $ | 334,869 | $ | 245,872 | $ | 297,045 | |||||||||
Accounting Standards to be Adopted in Future Periods | As of December 31, 2011 | |||||||||||||||||
As previously reported | As Adjusted | |||||||||||||||||
In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”), which provides guidance on the presentation of unrecognized tax benefits when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. The amendments in this update are effective for fiscal years (and interim periods within those years) beginning after December 15, 2013. Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The Company does not expect ASU 2013-11 to have a material effect on the Company's financial condition or results of operations. | Consolidated Balance Sheet | |||||||||||||||||
Merchandise held for disposition, net | $ | 151,274 | $ | 161,884 | ||||||||||||||
In March 2013, the FASB issued ASU No. 2013-05, Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity (a consensus of the FASB Emerging Issues Task Force) (“ASU 2013-05”), which applies to the release of the cumulative translation adjustment into net income when a parent either sells all or a part of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity. ASU 2013-05 is effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. The Company does not expect ASU 2013-05 to have a material effect on the Company's financial condition or results of operations. | Prepaid expenses and other assets | 41,911 | 31,301 | |||||||||||||||
Use of Estimates | ||||||||||||||||||
The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. On an on-going basis, management evaluates its estimates and judgments, including those related to revenue recognition on pawn loan fees and service charges, allowance for losses on consumer loans, goodwill, long-lived and intangible assets, income taxes, contingencies and litigation. Management bases its estimates on historical experience, empirical data and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates. | ||||||||||||||||||
Foreign Currency Translations | ||||||||||||||||||
The functional currencies for the Company's subsidiaries that serve residents of the United Kingdom, Australia, Canada and Mexico are the British pound, the Australian dollar, the Canadian dollar and the Mexican peso, respectively. The assets and liabilities of these subsidiaries are translated into U.S. dollars at the exchange rates in effect at each balance sheet date, and the resulting adjustments are recorded in “Accumulated other comprehensive income (loss)” as a separate component of equity. Revenue and expenses are translated at the monthly average exchange rates occurring during each period. | ||||||||||||||||||
Cash and Cash Equivalents | ||||||||||||||||||
The Company considers cash on hand in operating locations, deposits in banks and short-term marketable securities with original maturities of 90 days or less as cash and cash equivalents. | ||||||||||||||||||
Pawn Loans, Pawn Loan Fees and Service Charges | ||||||||||||||||||
Revenue Recognition | ||||||||||||||||||
Pawn loan fees and service charges revenue are accrued ratably over the term of the loan for the portion of those pawn loans deemed collectible. | ||||||||||||||||||
Pawn Loans and Pawn Loan Fees and Service Charges Receivable | ||||||||||||||||||
Pawn loans are short-term loans made on the pledge of tangible personal property. The maximum pawn loan amount is generally assessed as a percentage of the personal property's estimated disposition value. The typical loan term is generally 30 to 90 days and, in many cases, an additional grace period (typically 10 to 60 days) may be available to the borrower. A pawn loan is considered delinquent if the customer does not repay or, where allowed by law, renew or extend the loan on or prior to its contractual maturity date plus any applicable grace period. Pawn loan fees and service charges do not accrue on delinquent pawn loans. When a pawn loan is considered delinquent, any accrued pawn loan fees and service charges are reversed and no additional pawn loan fees and service charges are accrued. Pawn loans written during each calendar month are aggregated and tracked for performance. This empirical data allows the Company to analyze the characteristics of its outstanding pawn loan portfolio and assess the collectability of the principal balance in addition to pawn loan fees and service charges. | ||||||||||||||||||
Consumer Loans and Allowance and Liability for Estimated Losses on Consumer Loans | ||||||||||||||||||
Revenue Recognition | ||||||||||||||||||
The Company recognizes consumer loan fees for each of the loan products it offers. “Consumer loan fees” in the consolidated statements of income include: interest income, finance charges, CSO fees, service charges, draw fees, minimum fees, late fees, nonsufficient funds fees and any other fees or charges permitted by applicable laws and pursuant to the agreement with the borrower. For short-term loans that the Company writes, revenue is recognized on an effective yield basis over the term of the loan, and fees are recognized when assessed to the customer. CSO fees, which are fees for services provided through the CSO programs, are recognized on an effective yield basis over the term of the loan. For line of credit accounts, interest is recognized on an effective yield basis over the term of the loan, and fees are recognized when assessed to the customer. For installment loans, revenue is recognized on an effective yield basis over the term of the loan and fees are recognized when assessed to the customer. Unpaid and accrued interest and fees are included in “Consumer loans, net” in the consolidated balance sheets. | ||||||||||||||||||
Current and Delinquent Consumer Loans | ||||||||||||||||||
The Company classifies its consumer loans as either current or delinquent. Short-term loans are considered delinquent when payment of an amount due is not made as of the due date. If a line of credit account or installment loan customer misses one payment, that payment is considered delinquent. If a line of credit account or installment loan customer does not make two consecutive payments, the entire account or loan is classified as delinquent. The Company allows for normal payment processing time before considering a loan delinquent but does not provide for any additional grace period. | ||||||||||||||||||
Where permitted by law, a customer may choose to renew a short-term loan contract or extend the due date on a short-term loan before it is considered delinquent by agreeing to pay the current finance charge for the right to make a later payment of the outstanding principal balance plus an additional finance charge. In addition, in some instances, customers agree to repay a new short-term loan in two or three payments, and in these cases the Company considers the obligation to make the first payment a new loan and the obligation to make the second and third payments renewals or extensions of that loan because the customer pays the finance charge due at the time of each payment, similar to a loan that has been renewed or extended. All references to renewals include both renewals and extensions made by customers to their existing short-term loans. If a short-term loan is renewed, but the customer fails to pay that loan's current finance charge as of the due date, the unpaid finance charge is classified as delinquent. | ||||||||||||||||||
The Company generally does not accrue interest on delinquent consumer loans and does not resume accrual of interest unless a loan is returned to current status. Delinquent consumer loans may not be renewed, and if, during its attempt to collect on a delinquent consumer loan, the Company allows additional time for payment through a payment plan or a promise to pay, it is still considered delinquent. All payments received are first applied against accrued but unpaid interest and fees and then against the principal balance of the loan. | ||||||||||||||||||
Allowance and Liability for Estimated Losses on Consumer Loans | ||||||||||||||||||
The Company monitors the performance of its consumer loan portfolio and maintains either an allowance or liability for estimated losses on consumer loans (including fees and interest) at a level estimated to be adequate to absorb credit losses inherent in the portfolio. The allowance for losses on the Company's owned consumer loans reduces the outstanding loan balance in the consolidated balance sheets. The liability for estimated losses related to loans guaranteed under the CSO programs, which approximates the fair value of the liability, is included in “Accounts payable and accrued expenses” in the consolidated balance sheets. | ||||||||||||||||||
In determining the allowance or liability for estimated losses on consumer loans, the Company applies a documented systematic methodology. In calculating the allowance or liability for loan losses, outstanding loans are divided into discrete groups of short-term loans, line of credit accounts and installment loans and are analyzed as current or delinquent. Increases in either the allowance or the liability, net of charge-offs and recoveries, are recorded as a “Consumer loan loss provision” in the consolidated statements of income. The allowance or liability for short-term loans classified as current is based on historical loss rates adjusted for recent default trends for current loans. During the fourth quarter of 2012, in order to better reflect portfolio trends, management revised the estimation process for evaluating the adequacy of the allowance and liability for estimated losses on consumer loans. This change is described below and did not have a material impact on the financial statements. | ||||||||||||||||||
For delinquent short-term loans, the allowance or liability is based on a six-month rolling average of loss rates by stage of collection. For line of credit and installment loan portfolios, the Company generally uses a migration analysis to estimate losses inherent in the portfolio. The allowance or liability calculation under the migration analysis is based on historical charge-off experience and the loss emergence period, which represents the average amount of time between the first occurrence of a loss event to the charge-off of a loan. The factors the Company considers to assess the adequacy of the allowance or liability include past due performance, historical behavior of monthly vintages, underwriting changes and recent trends in delinquency in the migration analysis. | ||||||||||||||||||
The Company fully reserves and generally charges off consumer loans once the loan or a portion of the loan has been classified as delinquent for 60 consecutive days. If a loan is deemed uncollectible before it is fully reserved, it is charged off at that point. Consumer loans classified as delinquent generally have an age of one to 59 days from the date any portion of the loan became delinquent, as defined above. Recoveries on loans previously charged to the allowance are credited to the allowance when collected. | ||||||||||||||||||
Merchandise Held for Disposition, Proceeds from Disposition of Merchandise and Cost of Disposed Merchandise | ||||||||||||||||||
Proceeds From and Cost of Disposed Merchandise | ||||||||||||||||||
Upon the sale of merchandise, the Company realizes gross profit, which is the difference between the Company's cost basis in the loan or the amount paid for purchased merchandise, both of which are recorded as cost of sales, and the amount of proceeds from the sale. The cost of disposed merchandise is computed on the specific identification basis. Interim customer payments for layaway sales are recorded as customer deposits and subsequently recognized as revenue during the period in which the final payment is received. | ||||||||||||||||||
Merchandise Held for Disposition | ||||||||||||||||||
Merchandise held for disposition consists primarily of forfeited collateral from pawn loans not repaid and merchandise that is purchased directly from customers or from third parties. The carrying value of the forfeited collateral and other merchandise held for disposition is stated at the lower of cost (which is the cost basis in the loan or the amount paid for purchased merchandise) or fair value. With respect to the Company's foreign pawn operations, collateral underlying unredeemed pawn loans is not owned by the Company; however, the Company assumes the risk of loss on such collateral and is solely responsible for its care and disposition. Accordingly, the Company classifies these domestic and foreign assets as “Merchandise held for disposition, net” in the consolidated balance sheets. The Company provides an allowance for returns and an allowance for valuation based on management's evaluation of the current trends in performance, characteristics of the merchandise and historical shrinkage rates. Because the Company's pawn loans are made without recourse to the borrower, the Company does not investigate or rely upon the borrower's creditworthiness, but instead bases its lending decision on an evaluation of the pledged personal property. The amount financed is typically based on a percentage of the pledged personal property's estimated disposition value. The Company uses numerous sources in determining an item's estimated disposition value, including the Company's automated product valuation system as well as catalogs, “blue books,” newspapers, internet research and previous disposition experience. The Company performs a physical count of its merchandise in each location on multiple occasions on a cyclical basis and reviews the composition of inventory by category and age in order to assess the adequacy of the allowance. | ||||||||||||||||||
The allowance deducted from the carrying value of merchandise held for disposition amounted to $0.9 million and $0.7 million at December 31, 2012 and 2011, respectively. The Company offers customers a 30-day satisfaction guarantee, whereby the customer can return merchandise and receive a full refund, a replacement item of comparable value or store credit. Based on management's analysis of historical refund trends, the Company provided a return allowance of $0.3 million as of December 31, 2012 and 2011. | ||||||||||||||||||
Property and Equipment | ||||||||||||||||||
Property and equipment is recorded at cost. The cost of property retired or sold and the related accumulated depreciation are removed from the accounts, and any resulting gain or loss is recognized in the consolidated statements of income. Costs associated with repair and maintenance activities are expensed as incurred. Depreciation expense is generally provided on a straight-line basis, using the following estimated useful lives: | ||||||||||||||||||
Buildings and building improvements(a) | 7 to 40 years | |||||||||||||||||
Leasehold improvements(b) | 2 to 10 years | |||||||||||||||||
Furniture, fixtures and equipment | 3 to 7 years | |||||||||||||||||
Computer hardware and software | 1 to 10 years | |||||||||||||||||
(a) | Structural components are depreciated over 30 to 40 years, and the remaining building systems and features are depreciated over 7 to 20 years. | a a | ||||||||||||||||
(b) | Leasehold improvements are depreciated over the terms of the lease agreements with a maximum life of 10 years. | |||||||||||||||||
Software Development Costs | ||||||||||||||||||
The Company applies ASC 350-40, Internal Use Software (“ASC 350-40”), to its software purchase and development activities. Under ASC 350-40, eligible internal and external costs incurred for the development of computer applications, as well as for upgrades and enhancements that result in additional functionality of the applications, are capitalized. Internal and external training and maintenance costs are charged to expense as incurred or over the related service period. When a software application is placed in service, the Company begins amortizing the related capitalized software costs using the straight-line method based on its estimated useful life, which currently ranges from two to five years, except the Company's proprietary point-of-sale system, which is being amortized over 10 years. | ||||||||||||||||||
Goodwill and Other Indefinite Lived Intangible Assets | ||||||||||||||||||
Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In accordance with ASC 350-20-35, Goodwill – Subsequent Measurement, the Company tests goodwill and intangible assets with an indefinite life for potential impairment annually as of June 30 and between annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. | ||||||||||||||||||
The Company uses the income approach to complete its annual goodwill assessment. The income approach uses future cash flows and estimated terminal values for each of the Company's reporting units that are discounted using a market participant perspective to determine the fair value of each reporting unit, which is then compared to the carrying value of that reporting unit to determine if there is impairment. The income approach includes assumptions about revenue growth rates, operating margins and terminal growth rates discounted by an estimated weighted-average cost of capital derived from other publicly-traded companies that are similar but not identical from an operational and economic standpoint. The Company completed its annual assessment of goodwill as of June 30, 2012 and determined that the fair value is significantly in excess of carrying value, and, as a result, no impairment existed at that date. See “Impairment Testing Related to the Mexico Reorganization” in Note 4 for a discussion of the goodwill assessment completed in September 2012 as a result of the Mexico Reorganization. | ||||||||||||||||||
All of the amounts of goodwill recorded in connection with the Company's acquisitions, except for the acquisition of Prenda Fácil, are expected to be deductible for tax purposes. | ||||||||||||||||||
Long-Lived Assets Other Than Goodwill and Other Intangible Assets | ||||||||||||||||||
An evaluation of the recoverability of property and equipment and intangible assets subject to amortization is performed whenever the facts and circumstances indicate that the carrying value may be impaired. An impairment loss is recognized if the future undiscounted cash flows associated with the asset and the estimated fair value of the asset are less than the asset's corresponding carrying value. The amount of the impairment loss, if any, is the excess of the asset's carrying value over its estimated fair value. See “Impairment Testing Related to the Mexico Reorganization” in Note 4 for a discussion of the goodwill assessment completed in September 2012 as a result of the Mexico Reorganization. | ||||||||||||||||||
The Company amortizes intangible assets subject to amortization on the basis of their expected periods of benefit, generally three to ten years. The costs of start-up activities and organization costs are charged to expense as incurred. | ||||||||||||||||||
Hedging and Derivatives Activity | ||||||||||||||||||
As a policy, the Company does not hold, issue or trade derivative instruments for speculative purposes. The Company does periodically use derivative financial instruments, such as interest rate cap agreements and foreign currency forward contracts for hedging purposes. Prior to 2012, the Company used interest rate cap agreements for the purpose of managing interest rate exposures that exist from ongoing business operations. During the year ended December 31, 2009, the Company entered into an interest rate cap agreement that was determined to be a perfectly effective cash flow hedge, pursuant to ASC 815-20-25, Derivatives and Hedging—Recognition (“ASC 815-20-25”), at inception and on an ongoing basis. The fair value of this interest rate cap agreement was recognized in “Other assets” in the accompanying consolidated balance sheets and changes in fair value were recognized in “Accumulated other comprehensive income (loss)” in the accompanying consolidated statements of equity. This interest rate cap agreement terminated in March 2012. The Company uses foreign currency forward contracts to minimize the effects of foreign currency risk in the United Kingdom, Australia and, prior to 2012, in Mexico. See Note 18. The Company may periodically enter into forward sale contracts with a major gold bullion bank to sell refined gold that is acquired in the normal course of business from the Company's liquidation of forfeited gold merchandise. These contracts are not accounted for as derivatives because they meet the criteria for the normal purchases and normal sales scope exception in ASC 815-20-25. | ||||||||||||||||||
Equity Securities | ||||||||||||||||||
The Company accounts for its marketable and non-marketable equity securities in accordance with ASC 323-10, Investments—Equity Method and Joint Ventures and ASC 325-20, Investments—Other—Cost Method Investments, respectively. The Company's marketable securities, except for marketable securities related to the Company's Nonqualified Savings Plan, which are described below, are classified as available-for-sale and unrecognized gains and losses, net of tax, are recorded in “Accumulated other comprehensive income (loss)” in the consolidated statements of equity. The Company's non-marketable equity securities are recorded on a cost basis. The Company evaluates marketable and non-marketable equity securities for impairment on a quarterly basis. If an impairment of an equity security is determined to be other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary-impairment is identified. Marketable and non-marketable equity securities are held in “Other assets” in the consolidated balance sheets. | ||||||||||||||||||
The Company also holds marketable securities related to its Nonqualified Savings Plan. See Note 16 for a description of the Nonqualified Savings Plan. The securities are classified as trading securities and the unrealized gains and losses on these securities are netted with the costs of the plans in “Operations and administration expenses” on the consolidated statements of income. These marketable securities are recorded at fair value and have an offsetting liability of equal amount. The Nonqualified Savings Plan assets are held in “Other Assets” and the offsetting liability is held in “Accounts payable and accrued expenses" in the Company's consolidated balance sheets. | ||||||||||||||||||
Investments in Unconsolidated Subsidiaries | ||||||||||||||||||
The Company records investments in unconsolidated subsidiaries initially at cost and subsequently adjusts them for equity in earnings and cash contributions and distributions. Earnings on unconsolidated investments are recorded under the equity method of accounting in “Equity in loss (income) of unconsolidated subsidiary” in the consolidated statements of income. Investments in unconsolidated subsidiaries are held in “Other assets” in the consolidated balance sheets. | ||||||||||||||||||
Operations and Administration Expenses | ||||||||||||||||||
Operations expenses include expenses incurred for occupancy, marketing and other charges that are directly related to the retail services and e-commerce segments. Operations expenses are incurred within the retail services locations and the Company's call centers for customer service and collections. In addition, costs related to management supervision, oversight of locations and other costs for the oversight of the Company's retail services locations are included in operations expenses. Administration expenses include expenses related to corporate service functions, such as legal, occupancy, executive oversight, insurance and risk management, public and government relations, internal audit, treasury, payroll, compliance and licensing, finance, accounting, tax and information systems. | ||||||||||||||||||
Marketing Expenses | ||||||||||||||||||
Marketing expenses consist of online marketing costs such as sponsored search and advertising on social networking sites, and other marketing costs such as television, radio and print advertising. In addition, marketing expense includes lead purchase costs paid to marketers in exchange for providing leads to potential customers interested in using the Company's services. Online marketing and lead purchase costs are expensed as incurred. The production costs associated with other marketing are expensed as incurred. Other marketing costs are expensed over the media campaign period. The Company also has an agreement with an independent third party pursuant to which it pays a portion of the net revenue received from the customers referred to the Company by such third party. These expenses are included in “Operations and administration expenses” in the consolidated statements of income. | ||||||||||||||||||
Stock-Based Compensation | ||||||||||||||||||
The Company accounts for its stock-based employee compensation plans in accordance with ASC 718-10-30, Compensation—Stock Compensation (“ASC 718-10-30”). In accordance with ASC 718-10-30, the Company recognizes compensation expense over the remaining vesting periods for stock-based awards. For performance-based stock awards, compensation expense is originally based on the number of shares that would vest if the Company achieved the level of performance that management estimates is the most probable outcome at the grant date. Throughout the requisite service period, management monitors the probability of achievement of the performance condition and adjusts stock-based compensation expense if necessary. | ||||||||||||||||||
Income Taxes | ||||||||||||||||||
The provision for income taxes is based on income before income taxes as reported for financial statement purposes. Deferred income taxes are provided for in accordance with the assets and liability method of accounting for income taxes in order to recognize the tax effects of temporary differences between financial statement and income tax accounting. | ||||||||||||||||||
The Company performs an evaluation of the recoverability of its deferred tax assets on a quarterly basis. The Company establishes a valuation allowance if it is more likely than not (greater than 50 percent) that all or some portion of the deferred tax asset will not be realized. The Company analyzes several factors, including the nature and frequency of operating losses, the Company's carry-forward period for any losses, the reversal of future taxable temporary differences, the expected occurrence of future income or loss and the feasibility of available tax planning strategies to protect against the loss of deferred tax assets. | ||||||||||||||||||
The Company accounts for uncertainty in income taxes in accordance with ASC 740-10-25, Accounting for Uncertainty in Income Taxes (“ASC 740-10-25”). ASC 740-10-25 requires that a more-likely-than-not threshold be met before the benefit of a tax position may be recognized in the consolidated financial statements and prescribes how such benefit should be measured. It also provides guidance on recognition adjustment, classification, accrual of interest and penalties, accounting in interim periods, disclosure and transition. See Note 14. | ||||||||||||||||||
It is the Company's policy to classify interest and penalties on income tax liabilities as interest expense and operations and administration expense, respectively. | ||||||||||||||||||
Net Income Per Share | ||||||||||||||||||
Basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during the year. Diluted net income per share is calculated by giving effect to the potential dilution that could occur if securities or other contracts to issue common shares were exercised and converted into common shares during the year. Restricted stock units issued under the Company's stock-based employee compensation plans are included in diluted shares upon the granting of the awards even though the vesting of shares will occur over time. Performance-based awards are included in diluted shares based on the level of performance that management estimates is the most probable outcome at the grant date. Throughout the requisite service period, management monitors the probability of achievement of the performance condition and, if material, adjusts the number of shares included in diluted shares accordingly. | ||||||||||||||||||
The following table sets forth the reconciliation of numerators and denominators of basic and diluted earnings per share computations for the years ended December 31, 2012, 2011 and 2010 (dollars and shares in thousands, except per share amounts): | ||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||
2012 | 2011 | 2010 | ||||||||||||||||
Numerator: | ||||||||||||||||||
Net income attributable to Cash America International, Inc. | $ | 107,470 | $ | 135,963 | $ | 115,538 | ||||||||||||
Denominator: | ||||||||||||||||||
Total weighted average basic shares (a) | 29,514 | 29,602 | 29,640 | |||||||||||||||
Shares applicable to stock-based compensation(b) | 174 | 251 | 548 | |||||||||||||||
Convertible debt(c) | 1,764 | 2,138 | 1,333 | |||||||||||||||
Total weighted average diluted shares (d) | 31,452 | 31,991 | 31,521 | |||||||||||||||
Net income – basic | $ | 3.64 | $ | 4.59 | $ | 3.9 | ||||||||||||
Net income – diluted | $ | 3.42 | $ | 4.25 | $ | 3.67 | ||||||||||||
(a)c | Includes vested restricted stock units of 287, 231 and 191, as well as shares in the Company's nonqualified deferred compensation plan of 31, 32 and 33 for the years ended December 31, 2012, 2011 and 2010, respectively. | |||||||||||||||||
(b) | For the years ended December 31, 2012, 2011 and 2010, includes shares related to outstanding option awards that are exercisable and unvested or deferred restricted stock unit awards. Although there were no stock option awards outstanding as of December 31, 2012, the dilutive effect of stock-based compensation is based on weighted amount of outstanding awards during the year; therefore, a portion of the stock option awards outstanding during 2012 are included in this amount. For the year ended December 31, 2011, there is an immaterial amount of unvested or deferred restricted stock units that are excluded from shares applicable to stock-based compensation because its impact would be anti-dilutive. | |||||||||||||||||
(c)C | The shares issuable with respect to the Company's 2009 Convertible Notes due 2029 have been calculated using the treasury stock method. The Company intends to settle the principal portion of the convertible debt in cash; therefore, only the shares related to the conversion spread have been included in weighted average diluted shares. | |||||||||||||||||
(d) | Except as described in footnote (b), there are no anti-dilutive shares. | |||||||||||||||||
Recently Adopted Accounting Pronouncements | ||||||||||||||||||
In September 2011, the FASB issued ASU No. 2011-08, Testing Goodwill for Impairment (“ASU 2011-08”). This update is intended to simplify goodwill impairment testing by adding an optional qualitative review step to assess whether the required quantitative impairment analysis that exists under generally accepted accounting principles in the United States (“GAAP”) is necessary. Under ASU 2011-08, a company will not be required to calculate the fair value of a reporting unit that contains recorded goodwill unless it concludes, based on the qualitative assessment, that it is more likely than not (a likelihood of more than 50 percent) that the fair value of that reporting unit is less than its book value. If such a decline in fair value is deemed more likely than not to have occurred, then the quantitative goodwill impairment test that exists under current GAAP must be completed. If not, goodwill is deemed not impaired and no further testing is required until the next annual test date, unless conditions or events before that date raise concerns of potential impairment. The amended goodwill impairment guidance does not affect the manner in which a company estimates fair value. The Company adopted ASU 2011-08 on January 1, 2012 and exercised its option to bypass the qualitative assessment and utilized only a quantitative assessment in its annual goodwill assessment, which was completed in June 2012, and its additional goodwill assessment completed in September 2012. See Notes 4 and 22. The adoption of ASU 2011-08 did not have a material effect on the Company's financial position or results of operations. | ||||||||||||||||||
In June 2011, the FASB issued ASU No. 2011-05, Presentation of Comprehensive Income (“ASU 2011-05”), which enhances comparability between entities that report under GAAP and those that report under International Financial Reporting Standards (“IFRS”). ASU 2011-05 requires companies to present the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements. It eliminates the option to present components of other comprehensive income as part of the statement of equity. ASU 2011-05 is effective for the Company's interim and annual periods beginning after December 15, 2011 and must be applied retrospectively. In December 2011, the FASB issued ASU No. 2011-12, Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05 ("ASU 2011-12"). ASU 2011-12 effectively defers only those changes in ASU 2011-05 that relate to the presentation of reclassification adjustments out of accumulated other comprehensive income. The Company adopted ASU 2011-05 and ASU 2011-12 on January 1, 2012 and the adoption did not have a material effect on its financial position or results of operations. | ||||||||||||||||||
In May 2011, the FASB issued ASU No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (“ASU 2011-04”), which amends ASC 820, Fair Value Measurement (“ASC 820”). ASU 2011-04 provides a consistent definition and measurement of fair value, as well as similar disclosure requirements between GAAP and IFRS. ASU 2011-04 changes certain fair value measurement principles, clarifies the application of existing fair value measurement and expands the ASC 820 disclosure requirements, particularly for Level 3 fair value measurements. ASU 2011-04 is effective for the Company prospectively for interim and annual periods beginning after December 15, 2011. The Company adopted ASU 2011-04 on January 1, 2012 and the adoption did not have a material effect on its financial position or results of operations. | ||||||||||||||||||
Recently Issued Accounting Pronouncements | ||||||||||||||||||
In July 2012, the FASB issued Accounting Standards Update (“ASU”) 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment (“ASU 2012-02”). ASU 2012-02 provides companies with the option to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not (a likelihood of more than 50 percent) that the indefinite-lived intangible asset is impaired. If a company concludes that it is more likely than not that the asset is impaired, it is required to determine the fair value of the intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying value in accordance with ASC 350, Intangibles—Goodwill and Other. If a company concludes otherwise, no further quantitative assessment is required. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, although early adoption is permitted. The Company intends to adopt ASU 2012-02 beginning with its annual indefinite-lived intangible asset impairment test during the second quarter of 2013. The Company does not expect the adoption to have a material effect on its financial position or results of operations. | ||||||||||||||||||
In December 2011, the FASB issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities (Topic 210) (“ASU 2011-11”). ASU 2011-11 requires a company to provide enhanced disclosures about financial instruments and derivative instruments that are either presented net in the statement of financial position or are subject to an enforceable master netting or similar arrangement. ASU 2011-11 is effective for annual and interim reporting periods beginning on or after January 1, 2013. The Company does not expect the adoption of ASU 2011-11 to have a material effect on its financial position or results of operations. | ||||||||||||||||||
Acquisitions
Acquisitions | 9 Months Ended | 12 Months Ended | |||||||
Sep. 30, 2013 | Dec. 31, 2012 | ||||||||
Acquisitions [Abstract] | ' | ' | |||||||
Acquisitions | ' | ' | |||||||
2. Acquisitions | 3. Acquisitions | ||||||||
Recent Acquisitions | The Company's acquisitions for the years ended December 31, 2012, 2011 and 2010 are described below. The Company has made all acquisitions pursuant to its business strategy of expanding storefront operations for its pawn business in the United States and Latin America and expanding its product offerings in its e-commerce segment. Goodwill arising from these acquisitions consists largely of the synergies and economies of scale expected from combining the operations of the Company and these acquisitions in the retail services and e-commerce segments. | ||||||||
For the acquisitions described below, the Company has made these acquisitions pursuant to its business strategy of expanding storefront operations for its pawn business in the United States. Goodwill arising from these acquisitions consists largely of the synergies and economies of scale expected from combining the operations of the Company and the pawn lending locations acquired through these acquisitions in the retail services segments. All goodwill associated with these acquisitions is expected to be deductible for tax purposes. | |||||||||
Acquisition of Nine-Store Chain of Pawn Lending Locations in Arizona | |||||||||
Acquisition of 41 Pawn Lending Locations in Texas | |||||||||
On October 8, 2012, the Company's wholly-owned subsidiary, Cash America, Inc. of Nevada, entered into an agreement to acquire substantially all of the assets of a nine-store chain of pawn lending locations in Arizona owned by Ca$h Corporation, Pawn Corp #1, Inc., Pawncorp #2, Inc. and Pawncorp #4, Inc. The aggregate cash consideration paid in 2012 for this transaction, which was funded with borrowings under the Company's line of credit, was approximately $15.4 million. The closing for the transaction occurred on October 25, 2012. The Company incurred an immaterial amount of acquisition costs related to the acquisition. The activities and goodwill related to this acquisition are included in the results of the Company's retail services segment, which is further described in Note 21. | |||||||||
In August 2013, the Company completed the acquisition of a chain of pawn lending locations in Texas that included 41 operating locations and the rights to one additional Texas pawn lending location (that was under construction but not open for business at the time of the acquisition), all of which were acquired from TDP Superstores Corp. and operate primarily under the name “Top Dollar Pawn.” The aggregate consideration paid for the acquisition was approximately $103.7 million, including consideration for non-competition covenants. The acquisition price was paid in cash and funded by available cash and through the Company's line of credit. The Company incurred approximately $0.4 million of acquisition costs related to the acquisition, which were expensed. The activities and goodwill related to this acquisition are included in the results of the Company's retail services segment. | |||||||||
The allocation of the purchase price for this acquisition is as follows (dollars in thousands): | |||||||||
The allocation of the purchase price for this acquisition is as follows (dollars in thousands): | Pawn loans | $ | 3,887 | ||||||
Merchandise held for disposition | 712 | ||||||||
Pawn loans | $ | 14,468 | Pawn loan fees and service charges receivable | 509 | |||||
Merchandise acquired | 8,024 | Property and equipment | 200 | ||||||
Pawn loan fees and service charges receivable | 2,094 | Goodwill | 7,662 | ||||||
Property and equipment | 4,230 | Intangible assets | 2,500 | ||||||
Goodwill | 62,335 | Other assets | 103 | ||||||
Intangible assets (a) | 14,404 | Customer deposits | -14 | ||||||
Other assets | 383 | Net assets acquired | $ | 15,559 | |||||
Other liabilities | -829 | Cash consideration payable as of acquisition date | -128 | ||||||
Customer deposits | -1,365 | Total cash paid for acquisition as of acquisition date | $ | 15,431 | |||||
Total consideration paid for acquisition, net of cash acquired | $ | 103,744 | Acquisition of 25-Store Chain of Pawn Lending Locations in Kentucky, North Carolina and Tennessee | ||||||
Includes $11.9 million related to customer relationships being amortized over seven years and $2.5 million related to a non-competition agreement being amortized over 10 years. | |||||||||
Pending Acquisition of 34 Pawn Lending Locations in Georgia and North Carolina | On September 27, 2012, the Company and three of its wholly-owned subsidiaries, Cash America, Inc. of Tennessee, Cash America, Inc. of North Carolina and Cash America, Inc. of Kentucky, entered into an agreement to acquire substantially all of the assets of a 25-store chain of pawn lending locations located in Kentucky, North Carolina, and Tennessee owned by Standon, Inc., Casa Credit, Inc., Classic Credit, Inc. and Falcon Credit, Inc. As of that date, the Company assumed the economic benefits of all of these pawnshops by operating them under management agreements that commenced on September 27, 2012, and the final agreement terminated on December 16, 2012. The aggregate cash consideration for the transaction, which was funded with borrowings under the Company's line of credit, was approximately $55.1 million, of which $52.0 million was paid in September 2012. The remaining $3.1 million of consideration was paid during the fourth quarter of 2012. The Company incurred an immaterial amount of acquisition costs related to the acquisition. The activities and goodwill related to this acquisition are included in the results of the Company's retail services segment. | ||||||||
In August 2013, the Company signed an asset purchase agreement for the acquisition of substantially all of the assets of a 34-store chain of pawn lending locations in Georgia and North Carolina (31 locations in Georgia and three locations in North Carolina) owned by PawnMart, Inc. and operating primarily under the PawnMart brand in both markets. The Company estimates the aggregate purchase price of the acquisition to be approximately $62.0 million, including consideration for certain non-competition covenants. The purchase price is expected to be paid in cash and funded through borrowings under the Company's line of credit. The purchase price may be adjusted based on the aggregate value of the pawn loan balance and merchandise inventory balance held by the seller at closing. The closing of the transaction is subject to the satisfaction of certain closing conditions, such as the receipt of certain approvals to be obtained by the seller and its parent company, Xponential, Inc., licensing and the receipt of certain regulatory approvals. If all conditions are satisfied, the closing of the acquisition is expected to occur in the fourth quarter of 2013. | The allocation of the purchase price for this acquisition is as follows (dollars in thousands): | ||||||||
Pawn loans | $ | 7,057 | |||||||
Merchandise held for disposition | 7,534 | ||||||||
Pawn loan fees and service charges receivable | 1,506 | ||||||||
Property and equipment | 631 | ||||||||
Goodwill | 31,521 | ||||||||
Intangible assets | 8,000 | ||||||||
Customer deposits | -1,158 | ||||||||
Total consideration paid for acquisition | $ | 55,091 | |||||||
Pawn Partners Acquisition | |||||||||
The Company's wholly-owned subsidiary, Cash America, Inc. of Nevada, entered into an agreement to acquire substantially all of the assets of Pawn Partners, Inc., Pawn Partners -Tucson, Inc., Pawn Partners—Tucson II, Inc., Pawn Partners—Tucson 3, Inc., Pawn Partners—Tucson 4, Inc. and Pawn Partners—Yuma, Inc. (collectively, “Pawn Partners”) on November 22, 2011 (the “Pawn Partners acquisition”), the final closing for which was to occur following receipt of all applicable licensing and regulatory approvals; however, the Company assumed the economic benefits of these pawnshops by operating them under a management arrangement that commenced on November 30, 2011. Pawn Partners operated a seven-store chain of pawn lending locations as franchised Cash America locations under the name “SuperPawn.” The seven locations are located in Tucson, Flagstaff and Yuma, Arizona. The Company obtained all regulatory licenses in the first quarter of 2012 and terminated the management arrangement. Prior to the acquisition, these locations were operated as franchised Cash America locations under the name “SuperPawn.” The Company paid aggregate consideration of $53.6 million, of which $49.3 million was paid during 2011, with the remaining $4.3 million paid in 2012, which was related to the receipt of the regulatory licenses described above. The Company incurred acquisition costs of $0.1 million related to the acquisition. The activities and goodwill related to this acquisition are included in the results of the Company's retail services segment. | |||||||||
The purchase price of the Pawn Partners acquisition was allocated as follows (dollars in thousands): | |||||||||
Pawn loans | $ | 10,657 | |||||||
Merchandise held for disposition | 5,485 | ||||||||
Pawn loan fees and service charges receivable | 1,424 | ||||||||
Property and equipment | 70 | ||||||||
Goodwill | 26,679 | ||||||||
Intangible assets | 9,570 | ||||||||
Other liabilities | -99 | ||||||||
Customer deposits | -225 | ||||||||
Net assets acquired | $ | 53,561 | |||||||
Cash consideration payable | -4,300 | ||||||||
Total cash paid for acquisition as of December 31, 2011 | $ | 49,261 | |||||||
Cash paid in 2012 upon receipt of regulatory licenses | 4,300 | ||||||||
Total consideration paid for acquisition | $ | 53,561 | |||||||
Maxit | |||||||||
The Company's wholly-owned subsidiary, Cash America, Inc. of Nevada, completed the purchase of substantially all of the assets (the “Maxit acquisition”) of Maxit Financial, LLC (“Maxit”) on October 4, 2010. Maxit owned and operated a 39-store chain of pawn lending locations in Washington and Arizona under the names “Maxit” and “Pawn X-Change.” Per the terms of the Asset Purchase Agreement, the acquisition consideration consisted of a cash payment of approximately $58.2 million, which was funded with borrowings under the Company's line of credit, and 366,097 shares of the Company's common stock, with a fair value of $10.9 million as of the closing date. In addition, the Company incurred acquisition costs of $1.5 million related to the acquisition, which were included in “Operations and administration expenses” in the consolidated statements of income. The activities and goodwill of Maxit are included in the results of the Company's retail services segment. | |||||||||
The purchase price of Maxit was allocated as follows (dollars in thousands): | |||||||||
Pawn loans | $ | 20,714 | |||||||
Merchandise acquired | 6,217 | ||||||||
Pawn loan fees and service charges receivable | 2,268 | ||||||||
Property and equipment | 7,578 | ||||||||
Goodwill | 26,246 | ||||||||
Intangible assets | 7,500 | ||||||||
Other assets | 80 | ||||||||
Other liabilities | -1,426 | ||||||||
Customer deposits | -149 | ||||||||
Total consideration paid for acquisition, net of cash acquired | $ | 69,028 | |||||||
Restricted stock paid for acquisition | -10,854 | ||||||||
Total cash paid for acquisition, net of cash acquired | $ | 58,174 | |||||||
Prenda Fácil | |||||||||
The Company, through its wholly-owned subsidiary, Cash America of Mexico, Inc., completed the acquisition of 80% of the outstanding stock of Creazione, which operated retail services locations in Mexico under the name “Prenda Fácil,” in December 2008. The Company paid an aggregate initial consideration of $90.5 million, net of cash acquired, of which $82.6 million was paid in cash, including acquisition costs of approximately $3.6 million. The remainder of the initial consideration was paid in the form of 391,236 shares of the Company's common stock with a fair value of $7.9 million as of the closing date. The Company also agreed to pay a supplemental earn-out payment in an amount based on a five times multiple of the consolidated earnings of Prenda Fácil's business as specifically defined in the Stock Purchase Agreement (generally earnings before interest, income taxes, depreciation and amortization expenses denominated in its local currency) for the twelve-month period ending June 30, 2011, reduced by amounts previously paid. The calculation of the supplemental payment produced an amount that was zero; therefore, no supplemental payment was required or made pursuant to the terms of the Stock Purchase Agreement. The Company paid post-closing acquisition costs of $0.3 million, resulting in a total of $82.9 million paid in cash for the acquisition, net of cash acquired. | |||||||||
The activities of Prenda Fácil (now known as Cash America casa de empeño) are included in the results of the Company's retail services segment. | |||||||||
See Note 4 for further discussion of the Company's Mexico-based pawn operations, including the Mexico Reorganization and the Company's purchase of the remaining 20% of the outstanding stock of Creazione during 2012. | |||||||||
Debit Plus, LLC (formerly known as Primary Innovations, LLC) | |||||||||
On July 23, 2008, the Company, through its wholly-owned subsidiary, Primary Cash Holdings, LLC (now known as “Debit Plus, LLC,” or “Debit Plus”), purchased substantially all the assets of Primary Business Services, Inc., Primary Finance, Inc., Primary Processing, Inc. and Primary Members Insurance Services, Inc. (collectively, “PBSI”). PBSI, among other things, provided loan processing services for, and participated in receivables associated with, a bank-issued MLOC made available on certain stored-value debit cards issued by banks. The purchase price consisted of approximately $5.6 million in cash, of which approximately $4.9 million was used to repay a loan made to PBSI prior to the acquisition, and transaction costs of approximately $0.3 million. | |||||||||
The Company also agreed to pay up to eight supplemental earn-out payments during the four-year period after the closing, with measurement dates of December 31 and June 30 of each year. Supplemental payments of approximately $23.9 million were paid in cash in 2009 and 2010. The final measurement date was June 30, 2012, and the total consideration paid, including all supplemental payments, for Debit Plus was $24.9 million. All of the supplemental payments associated with the earn-out were accounted for as goodwill, which reflects the expected future benefits to be realized through expansion of the PBSI platform to expand the customer base and product offering. | |||||||||
The activities of Debit Plus are included in the results of the Company's e-commerce segment, which is further described in Note 21. | |||||||||
Other | |||||||||
In addition to the acquisitions discussed above, the Company acquired three, one and five domestic retail services locations for $3.2 million, $0.3 million and $2.9 million during the years ended December 31, 2012, 2011 and 2010, respectively. | |||||||||
In addition to the acquisitions noted above, the Company's e-commerce segment also acquired approximately $0.2 million of intangible assets during the year ended December 31, 2012. |
Reorganization_of_Mexicobased_
Reorganization of Mexico-based Pawn Operations | 12 Months Ended | ||||||||||||||
Dec. 31, 2012 | |||||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||||
Reorganization of Mexico-based Pawn Operations [Text Block] | ' | ||||||||||||||
4. Reorganization of Mexico-based Pawn Operations and Purchase of Noncontrolling Interest | |||||||||||||||
On September 24, 2012, the Company's Board of Directors approved a plan to significantly modify the business plan and strategy of the Company's Mexico-based pawn operations, which comprise the foreign component of its retail services segment. The Company reorganized these operations to include only full-service pawn locations that offer pawn loans based on the pledge of general merchandise and jewelry-based collateral and discontinued the operations of 148 of its Mexico-based pawn locations that primarily offered pawn loans based on the pledge of jewelry-based collateral. The Mexico Reorganization was substantially completed as of December 31, 2012. As of December 31, 2012, the Company was operating 47 full-service pawn locations in Mexico. The Mexico Reorganization reflects management's decision to modify its strategy in Mexico to achieve profitability in its Mexico-based pawn operations and to evaluate the potential to expand its services to customers in Latin American markets. | |||||||||||||||
In connection with the Mexico Reorganization, the Company incurred charges for employee termination costs, lease termination costs, asset impairments, loss on sale of assets, the recognition of a deferred tax asset valuation allowance, uncollectible receivables and other charges. The Company recognized $28.9 million of charges related to the Mexico Reorganization during the year ended December 31, 2012. | |||||||||||||||
The following table summarizes the charges recognized for the year ended December 31, 2012 related to the Mexico Reorganization (dollars in thousands): | |||||||||||||||
Type of expense | Description | Amount | |||||||||||||
Depreciation and amortization expenses | Impairment and losses on property and equipment | $ | 7,478 | ||||||||||||
Provision for income taxes | Deferred tax asset valuation allowance | 7,161 | |||||||||||||
Depreciation and amortization expenses | Impairment of intangible assets | 5,086 | |||||||||||||
Operations and administration expenses | Employee termination costs | 2,424 | |||||||||||||
Operations and administration expenses | Inventory shrinkage and loss on sale of assets | 2,395 | |||||||||||||
Operations and administration expenses | Lease termination costs | 1,628 | |||||||||||||
Operations and administration expenses | Impairment of other assets | 1,211 | |||||||||||||
Operations and administration expenses | Other restructuring charges | 798 | |||||||||||||
Revenue | Uncollectible receivables | 692 | |||||||||||||
Total charges related to the Mexico Reorganization | $ | 28,873 | |||||||||||||
The following table summarizes the balance of accrued reorganization charges related to the Mexico Reorganization and the changes in the accrued expenses as of and for the year ended December 31, 2012 (dollars in thousands): | |||||||||||||||
For the year ended December 31, 2012 | |||||||||||||||
Charges | Cash Payments | Foreign currency changes | Non-cash charges | Accrued balance as of December 31, 2012 | |||||||||||
Employee termination costs | $ | 2,424 | $ | -2,427 | $ | 3 | $ | - | $ | - | |||||
Lease termination costs | 1,628 | -597 | 7 | -929 | 109 | ||||||||||
Total | $ | 4,052 | $ | -3,024 | $ | 10 | $ | -929 | $ | 109 | |||||
The accrued reorganization charges are included in “Accounts payable and accrued liabilities” in the Company's consolidated balance sheets and in “Operations and administration expenses” in the consolidated statements of income. | |||||||||||||||
Prior to September 26, 2012, the Company owned 80% of the outstanding stock of Creazione, which owned the Company's Mexico-based pawn operations. On September 26, 2012, the Company acquired all outstanding shares of Creazione that were held by minority shareholders (approximately 20% of the outstanding shares), and, as a result, Creazione became a wholly-owned subsidiary of the Company as of that date. The Company paid approximately $5.6 million in cash and released the minority shareholders from certain contingent obligations estimated at approximately $2.8 million. The Company accounted for this transaction as an acquisition of the remaining interest of a majority-owned subsidiary. The purchase resulted in a reduction to additional paid in capital of $7.7 million, representing the excess of the cash amount paid and the released contingent obligations (totaling $8.4 million) less the carrying amount of the noncontrolling interest of $0.7 million. In January 2013, the Company's remaining Mexico-based pawn operations were sold by Creazione to another wholly-owned subsidiary, CA Empeños Mexico, S. de R.L. de C.V., and began operating exclusively under the name “Cash America casa de empeño.” In connection with the Mexico Reorganization, the Company intends to liquidate the remaining assets of Creazione, which are insignificant, in 2013. Following this transaction, the Company's noncontrolling interest consists of Huminal. See Note 2. | |||||||||||||||
Impairment Testing Related to the Mexico Reorganization | |||||||||||||||
The Mexico Reorganization was considered a triggering event for purposes of impairment testing of the retail services segment. As a result, the Company tested goodwill, indefinite-lived intangible assets, other intangible assets and long-lived assets for impairment following the approval of the Mexico Reorganization as described below. | |||||||||||||||
The Company tested goodwill for the retail services segment following the approval of the Mexico Reorganization and noted no impairment. The Company also tested indefinite-lived intangible assets and other intangible assets following the approval of the Mexico Reorganization. As a result, during the year ended December 31, 2012, the Company recognized impairment charges of $5.1 million related to indefinite-lived intangible assets and other intangible assets, which is included in “Depreciation and amortization expense” in the consolidated statements of income. The Company also tested property and equipment following the approval of the Mexico Reorganization. As a result, during the year ended December 31, 2012, the Company recognized impairment charges and losses on property and equipment related to its Mexico operations of $7.5 million (consisting of $6.0 million of impairment charges recognized in the third quarter of 2012 and $1.5 million of losses on disposition incurred in the fourth quarter of 2012), which is included in “Depreciation and amortization expenses” in the consolidated statements of income. The fair value measurements of intangible assets and property and equipment are considered Level 3 in the fair value hierarchy as they are based on management's judgment about future cash flows. |
Credit_Quality_Information_On_
Credit Quality Information On Pawn Loans | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Credit Quality Information On Pawn Loans [Abstract] | ' | ' |
Credit Quality Information On Pawn Loans | ' | ' |
3. Credit Quality Information on Pawn Loans | 5. Credit Quality Information on Pawn Loans | |
The Company manages its pawn loan portfolio by monitoring the type and adequacy of collateral compared to historical gross profit margins. If a pawn loan defaults, the Company relies on the disposition of pawned property to recover the principal amount of an unpaid pawn loan, plus a yield on the investment, because the Company's pawn loans are non-recourse against the customer. In addition, the customer's creditworthiness does not affect the Company's financial position or results of operations. Generally, forfeited merchandise has historically sold for an amount in excess of the cost of goods sold (which is the lower of cost, or the cost basis in the loan or amount paid for purchased merchandise, or fair value). Goods pledged to secure pawn loans are tangible personal property items such as jewelry, tools, televisions and other electronics, musical instruments and other miscellaneous items. A pawn loan is considered delinquent if the customer does not repay or, where allowed by law, renew or extend the loan on or prior to its contractual maturity date plus any applicable grace period. Pawn loan fees and service charges do not accrue on delinquent pawn loans. When a pawn loan is considered delinquent, any accrued pawn loan fees and service charges are reversed and no additional pawn loan fees and service charges are accrued. As of September 30, 2013 and 2012 and December 31, 2012, the Company had current pawn loans outstanding of $245.5 million, $246.0 million and $235.3 million, respectively, and delinquent pawn loans outstanding of $8.2 million, $8.1 million and $9.3 million, respectively. | The Company manages its pawn loan portfolio by monitoring the type and adequacy of collateral compared to historical gross profit margins. If a pawn loan defaults, the Company relies on the disposition of pawned property to recover the principal amount of an unpaid pawn loan, plus a yield on the investment, because the Company's pawn loans are non-recourse against the customer. In addition, the customer's creditworthiness does not affect the Company's financial position or results of operations. Generally, forfeited merchandise has historically sold for an amount in excess of the cost of goods sold (which is the lower of cost, or the cost basis in the loan or amount paid for purchased merchandise, or fair value). Goods pledged to secure pawn loans are tangible personal property items such as jewelry, tools, televisions and other electronics, musical instruments and other miscellaneous items. A pawn loan is considered delinquent if the customer does not repay or, where allowed by law, renew or extend the loan on or prior to its contractual maturity date plus any applicable grace period. Pawn loan fees and service charges do not accrue on delinquent pawn loans. When a pawn loan is considered delinquent, any accrued pawn loan fees and service charges are reversed and no additional pawn loan fees and service charges are accrued. As of December 31, 2012 and 2011, the Company had current pawn loans outstanding of $235.3 million and $248.4 million, respectively, and delinquent pawn loans outstanding of $9.3 million and $5.1 million, respectively. | |
Consumer_Loans_Credit_Quality_
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Estimated Losses On Consumer Loans | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Estimated Losses On Consumer Loans [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Estimated Losses On Consumer Loans | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||
4. Consumer Loans, Credit Quality Information on Consumer Loans, Allowance and Liability for Estimated Losses on Consumer Loans and Guarantees of Consumer Loans | 6. Consumer Loans, Credit Quality Information on Consumer Loans and Allowances and Liability for Estimated Losses on Consumer Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loan fee revenue generated from the Company's consumer loans for the years ended December 31, 2012 and 2011 was as follows (dollars in thousands): | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loan fee revenue generated from the Company's consumer loans for the three and nine months ended September 30, 2013 and 2012 was as follows (dollars in thousands): | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | 2012 | 2011 | 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest and fees on short-term loans | $ | 569,765 | $ | 510,881 | $ | 445,220 | ||||||||||||||||||||||||||||||||||||||||||||||
Interest and fees on short-term loans | $ | 118,775 | $ | 145,857 | $ | 385,548 | $ | 420,439 | Interest and fees on line of credit accounts | 73,572 | 30,590 | 33,655 | (a) | |||||||||||||||||||||||||||||||||||||||
Interest and fees on line of credit accounts | 50,504 | 20,077 | 102,021 | 45,998 | Interest and fees on installment loans | 138,183 | 57,175 | 12,077 | ||||||||||||||||||||||||||||||||||||||||||||
Interest and fees on installment loans | 58,284 | 39,160 | 152,630 | 92,219 | Total consumer loan revenue | $ | 781,520 | $ | 598,646 | $ | 490,952 | |||||||||||||||||||||||||||||||||||||||||
Total consumer loan revenue | $ | 227,563 | $ | 205,094 | $ | 640,199 | $ | 558,656 | (a)a a a | Includes MLOC receivables, which are participation interests in receivables acquired from a third-party lender in connection with the MLOC services the Company offered. The Company stopped providing MLOC services on behalf of a third-party lender in October 2010 when the lender discontinued offering MLOC advances. | ||||||||||||||||||||||||||||||||||||||||||
Current and Delinquent Consumer Loans | The components of Company-owned consumer loan portfolio receivables at December 31, 2012 and 2011 was as follows (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||||
The Company classifies its consumer loans as either current or delinquent. Short-term loans are considered delinquent when payment of an amount due is not made as of the due date. If a line of credit account or installment loan customer misses one payment, that payment is considered delinquent. If a line of credit account or installment loan customer does not make two consecutive payments, the entire account or loan is classified as delinquent. The Company allows for normal payment processing time before considering a loan delinquent but does not provide for any additional grace period. | As of December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
The Company generally does not accrue interest on delinquent consumer loans and does not resume accrual of interest unless a loan is returned to current status. In addition, generally delinquent consumer loans may not be renewed, and if, during its attempt to collect on a delinquent consumer loan, the Company allows additional time for payment through a payment plan or a promise to pay, it is still considered delinquent. All payments received are first applied against accrued but unpaid interest and fees and then against the principal balance of the loan. | Current loans | $ | 146,732 | $ | 36,603 | $ | 117,641 | $ | 300,976 | |||||||||||||||||||||||||||||||||||||||||||
Delinquent loans | 52,565 | 6,097 | 15,483 | 74,145 | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance and Liability for Estimated Losses on Consumer Loans | Total consumer loans, gross | 199,297 | 42,700 | 133,124 | 375,121 | |||||||||||||||||||||||||||||||||||||||||||||||
Less: Allowance for losses | -45,982 | -11,107 | -28,614 | -85,703 | ||||||||||||||||||||||||||||||||||||||||||||||||
The Company monitors the performance of its consumer loan portfolio and maintains either an allowance or liability for estimated losses on consumer loans (including fees and interest) at a level estimated to be adequate to absorb credit losses inherent in the portfolio. The allowance for losses on the Company's owned consumer loans reduces the outstanding loan balance in the consolidated balance sheets. The liability for estimated losses related to loans guaranteed by the Company under its credit services organization programs (“CSO programs”), which approximates the fair value of the liability, is included in “Accounts payable and accrued expenses” in the consolidated balance sheets. | Consumer loans, net | $ | 153,315 | $ | 31,593 | $ | 104,510 | $ | 289,418 | |||||||||||||||||||||||||||||||||||||||||||
In determining the allowance or liability for estimated losses on consumer loans, the Company applies a documented systematic methodology. In calculating the allowance or liability for loan losses, outstanding loans are divided into discrete groups of short-term loans, line of credit accounts and installment loans and are analyzed as current or delinquent. Increases in either the allowance or the liability, net of charge-offs and recoveries, are recorded as a “Consumer loan loss provision” in the consolidated statements of income. | As of December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
The allowance or liability for short-term loans classified as current is based on historical loss rates adjusted for recent default trends in current loans. For delinquent short-term loans, the allowance or liability for estimated losses is based on a six-month rolling average of loss rates by stage of collection. For line of credit accounts and installment loan portfolios, the Company uses a migration analysis to estimate losses inherent in the portfolio. The allowance or liability calculation under the migration analysis is based on historical charge-off experience and the loss emergence period, which represents the average amount of time between the first occurrence of a loss event to the charge-off of a loan. The factors the Company considers to assess the adequacy of the allowance or liability include past due performance, historical behavior of monthly vintages, underwriting changes and recent trends in delinquency in the migration analysis. | Current loans | $ | 137,672 | $ | 19,384 | $ | 59,146 | $ | 216,202 | |||||||||||||||||||||||||||||||||||||||||||
Delinquent loans | 56,884 | 2,264 | 10,500 | 69,648 | ||||||||||||||||||||||||||||||||||||||||||||||||
The Company fully reserves and generally charges off consumer loans once the loan or a portion of the loan has been classified as delinquent for 60 consecutive days. If a loan is deemed uncollectible before it is fully reserved, it is charged off at that point. Consumer loans classified as delinquent generally have an age of one to 59 days from the date any portion of the loan became delinquent, as defined above. Recoveries on loans previously charged to the allowance are credited to the allowance when collected. | Total consumer loans, gross | 194,556 | 21,648 | 69,646 | 285,850 | |||||||||||||||||||||||||||||||||||||||||||||||
Less: Allowance for losses | -46,406 | -3,723 | -12,943 | -63,072 | ||||||||||||||||||||||||||||||||||||||||||||||||
The components of Company-owned consumer loan portfolio receivables as of September 30, 2013 and 2012 and December 31, 2012 were as follows (dollars in thousands): | Consumer loans, net | $ | 148,150 | $ | 17,925 | $ | 56,703 | $ | 222,778 | |||||||||||||||||||||||||||||||||||||||||||
The amount of loans on non-accrual status at December 31, 2012 and 2011 was $62.0 million and $58.3 million, respectively. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | Changes in the allowance for losses for the Company-owned loans and the liability for estimated losses on the Company's guarantees of third-party lender-owned loans for the years ended December 31, 2012, 2011 and 2010 were as follows (dollars in thousands): | ||||||||||||||||||||||||||||||||||||||||||||||||
Current loans | $ | 103,320 | $ | 87,554 | $ | 155,100 | $ | 345,974 | Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||
Delinquent loans | 41,706 | 12,052 | 18,505 | 72,263 | Short-term Loans | Line of Credit Accounts | Installment Loans | Total | ||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans, gross | 145,026 | 99,606 | 173,605 | 418,237 | ||||||||||||||||||||||||||||||||||||||||||||||||
Less: allowance for losses | -34,829 | -21,934 | -33,193 | -89,956 | Allowance for losses for Company-owned consumer loans: | |||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans, net | $ | 110,197 | $ | 77,672 | $ | 140,412 | $ | 328,281 | Balance at beginning of period | $ | 46,406 | $ | 3,723 | $ | 12,943 | $ | 63,072 | |||||||||||||||||||||||||||||||||||
Consumer loan loss provision | 202,008 | 34,793 | 79,057 | 315,858 | ||||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | Charge-offs | -241,641 | -31,399 | -69,438 | -342,478 | |||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | Recoveries | 39,209 | 3,990 | 6,052 | 49,251 | ||||||||||||||||||||||||||||||||||||||||||||
Current loans | $ | 130,034 | $ | 33,724 | $ | 98,262 | $ | 262,020 | Balance at end of period | $ | 45,982 | $ | 11,107 | $ | 28,614 | $ | 85,703 | |||||||||||||||||||||||||||||||||||
Delinquent loans | 52,438 | 4,879 | 16,734 | 74,051 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans, gross | 182,472 | 38,603 | 114,996 | 336,071 | Liability for third-party lender-owned consumer loans: | |||||||||||||||||||||||||||||||||||||||||||||||
Less: allowance for losses | -43,852 | -8,163 | -27,231 | -79,246 | Balance at beginning of period | $ | 2,617 | $ | - | $ | 445 | $ | 3,062 | |||||||||||||||||||||||||||||||||||||||
Consumer loans, net | $ | 138,620 | $ | 30,440 | $ | 87,765 | $ | 256,825 | Increase in liability | 317 | - | 119 | 436 | |||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 2,934 | $ | - | $ | 564 | $ | 3,498 | ||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||
Current loans | $ | 146,732 | $ | 36,603 | $ | 117,641 | $ | 300,976 | Short-term Loans | Line of Credit Accounts | Installment Loans | Total | ||||||||||||||||||||||||||||||||||||||||
Delinquent loans | 52,565 | 6,097 | 15,483 | 74,145 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans, gross | 199,297 | 42,700 | 133,124 | 375,121 | Allowance for losses for Company-owned consumer loans: | |||||||||||||||||||||||||||||||||||||||||||||||
Less: allowance for losses | -45,982 | -11,107 | -28,614 | -85,703 | Balance at beginning of period | $ | 32,942 | $ | 3,023 | $ | 2,988 | $ | 38,953 | |||||||||||||||||||||||||||||||||||||||
Consumer loans, net | $ | 153,315 | $ | 31,593 | $ | 104,510 | $ | 289,418 | Consumer loan loss provision | 180,791 | 7,825 | 36,848 | 225,464 | |||||||||||||||||||||||||||||||||||||||
Changes in the allowance for losses for the Company-owned loans and the liability for estimated losses on the Company's guarantees of third-party lender-owned loans during the three and nine months ended September 30, 2013 and 2012 were as follows (dollars in thousands): | Charge-offs | -196,643 | -7,877 | -28,201 | -232,721 | |||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 29,316 | 752 | 1,308 | 31,376 | ||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Balance at end of period | $ | 46,406 | $ | 3,723 | $ | 12,943 | $ | 63,072 | |||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Liability for third-party lender-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for losses for Company-owned consumer loans: | Balance at beginning of period | $ | 2,610 | $ | - | $ | 228 | $ | 2,838 | |||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 42,068 | $ | 10,649 | $ | 27,146 | $ | 79,863 | Increase in liability | 7 | - | 217 | 224 | |||||||||||||||||||||||||||||||||||||||
Consumer loan loss provision | 42,032 | 25,140 | 32,738 | 99,910 | Balance at end of period | $ | 2,617 | $ | - | $ | 445 | $ | 3,062 | |||||||||||||||||||||||||||||||||||||||
Charge-offs | -58,862 | -15,414 | -30,762 | -105,038 | ||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 9,591 | 1,559 | 4,071 | 15,221 | Year Ended December 31, 2010 | |||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 34,829 | $ | 21,934 | $ | 33,193 | $ | 89,956 | Short-term Loans | Line of Credit Accounts(a) | Installment Loans | Total | ||||||||||||||||||||||||||||||||||||||||
Liability for third-party lender-owned consumer loans: | Allowance for losses for Company-owned consumer loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 2,439 | $ | - | 608 | $ | 3,047 | Balance at beginning of period | $ | 25,194 | $ | 1,636 | $ | 520 | $ | 27,350 | ||||||||||||||||||||||||||||||||||||
(Decrease) increase in liability | -226 | - | 9 | -217 | Consumer loan loss provision | 161,155 | 14,787 | 6,558 | 182,500 | |||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 2,213 | $ | - | 617 | $ | 2,830 | Charge-offs | -178,774 | -14,462 | -4,375 | -197,611 | ||||||||||||||||||||||||||||||||||||||||
Recoveries | 25,367 | 1,062 | 285 | 26,714 | ||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2012 | Balance at end of period | $ | 32,942 | $ | 3,023 | $ | 2,988 | $ | 38,953 | |||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Liability for third-party lender-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for losses for Company-owned consumer loans: | Balance at beginning of period | $ | 2,944 | $ | - | $ | - | $ | 2,944 | |||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 45,409 | $ | 5,243 | $ | 19,919 | $ | 70,571 | (Decrease) increase in liability | -334 | - | 228 | -106 | |||||||||||||||||||||||||||||||||||||||
Consumer loan loss provision | 50,846 | 9,656 | 23,155 | 83,657 | Balance at end of period | $ | 2,610 | $ | - | $ | 228 | $ | 2,838 | |||||||||||||||||||||||||||||||||||||||
Charge-offs | -63,281 | -8,817 | -17,635 | -89,733 | Includes MLOC receivables. The Company stopped providing MLOC services in the United States on behalf of a third-party lender in October 2010 when the lender discontinued offering MLOC advances. | |||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 10,878 | 2,081 | 1,792 | 14,751 | In connection with its CSO programs, the Company guarantees consumer loan payment obligations to unrelated third-party lenders and is required to purchase defaulted loans. The guarantee represents an obligation to purchase specific loans that go into default. Short-term loans that are guaranteed generally have terms of less than 90 days. Secured auto equity loans that are guaranteed generally have terms up to 42 months. As of December 31, 2012 and 2011, the amount of consumer loans guaranteed by the Company was $64.7 million and $59.4 million, respectively, representing amounts due under consumer loans originated by third-party lenders under the CSO programs. The estimated fair value of the liability for estimated losses on consumer loans guaranteed by the Company of $3.5 million and $3.1 million as of December 31, 2012 and 2011, respectively, is included in “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. | |||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 43,852 | $ | 8,163 | $ | 27,231 | $ | 79,246 | ||||||||||||||||||||||||||||||||||||||||||||
Liability for third-party lender-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 2,417 | $ | - | $ | 378 | $ | 2,795 | ||||||||||||||||||||||||||||||||||||||||||||
Increase in liability | 618 | - | 24 | 642 | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 3,035 | $ | - | $ | 402 | $ | 3,437 | ||||||||||||||||||||||||||||||||||||||||||||
NIne Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for losses for Company-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 45,982 | $ | 11,107 | $ | 28,614 | $ | 85,703 | ||||||||||||||||||||||||||||||||||||||||||||
Consumer loan loss provision | 130,624 | 41,612 | 80,206 | 252,442 | ||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | -172,504 | -35,490 | -86,237 | -294,231 | ||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 30,727 | 4,705 | 10,610 | 46,042 | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 34,829 | $ | 21,934 | $ | 33,193 | $ | 89,956 | ||||||||||||||||||||||||||||||||||||||||||||
Liability for third-party lender-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 2,934 | $ | - | $ | 564 | $ | 3,498 | ||||||||||||||||||||||||||||||||||||||||||||
(Decrease) increase in liability | -721 | - | 53 | -668 | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | -1 | $ | 2,213 | $ | - | $ | 617 | $ | 2,830 | |||||||||||||||||||||||||||||||||||||||||||
NIne Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for losses for Company-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 46,406 | $ | 3,723 | $ | 12,943 | $ | 63,072 | ||||||||||||||||||||||||||||||||||||||||||||
Consumer loan loss provision | 146,156 | 18,259 | 54,289 | 218,704 | ||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | -178,095 | -16,572 | -44,178 | -238,845 | ||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 29,385 | 2,753 | 4,177 | 36,315 | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 43,852 | $ | 8,163 | $ | 27,231 | $ | 79,246 | ||||||||||||||||||||||||||||||||||||||||||||
Liability for third-party lender-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 2,617 | $ | - | $ | 445 | $ | 3,062 | ||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in liability | 418 | - | -43 | 375 | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 3,035 | $ | - | $ | 402 | $ | 3,437 | ||||||||||||||||||||||||||||||||||||||||||||
Guarantees of Consumer Loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||
In connection with its CSO programs, the Company guarantees consumer loan payment obligations to unrelated third-party lenders and is required to purchase any defaulted loans it has guaranteed. The guarantee represents an obligation to purchase specific loans that go into default. Short-term loans that are guaranteed generally have terms of less than 90 days. Secured auto equity loans, which are included in the Company's installment loan portfolio, that are guaranteed typically have an average term of less than 24 months, with available terms of up to 42 months. As of September 30, 2013 and 2012 and December 31, 2012, the amount of consumer loans guaranteed by the Company was $50.1 million, $55.3 million and $64.7 million, respectively, representing amounts due under consumer loans originated by third-party lenders under the CSO programs. The estimated fair value of the liability for estimated losses on consumer loans guaranteed by the Company of $2.8 million, $3.4 million and $3.5 million, as of September 30, 2013 and 2012 and December 31, 2012, respectively, is included in “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Merchandise_Held_For_Dispositi
Merchandise Held For Disposition | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||
Inventory Disclosure Abstract | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||
InventoryDisclosureTextBlock | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||
5. Merchandise Held for Disposition | 7. Merchandise Held for Disposition | ||||||||||||||||||||||||||||||||||||||||||||||
Merchandise held for disposition and the related allowance as of September 30, 2013 and 2012 and December 31, 2012 associated with the Company's domestic and foreign retail services operations were as follows (dollars in thousands): | Merchandise held for disposition and the related allowance as of December 31, 2012 and 2011, associated with the Company's domestic and foreign retail services operations was as follows (dollars in thousands): | ||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, | |||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, | As of December 31, | 2012 | 2011 | ||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2012 | Total | Allowance | Net | Total | Allowance | Net | |||||||||||||||||||||||||||||||||||||||
Total | Allowance | Net | Total | Allowance | Net | Total | Allowance | Net | Domestic | $ | 162,495 | $ | -840 | $ | 161,655 | $ | 151,974 | $ | -700 | $ | 151,274 | ||||||||||||||||||||||||||
Domestic | $ | 187,718 | $ | -840 | $ | 186,878 | $ | 160,775 | $ | -700 | $ | 160,075 | $ | 162,495 | $ | -840 | $ | 161,655 | Foreign | 5,765 | -11 | 5,754 | 10,610 | - | 10,610 | ||||||||||||||||||||||
Foreign | 6,345 | -108 | 6,237 | 11,221 | -11 | 11,210 | 5,765 | -11 | 5,754 | Total | $ | 168,260 | $ | -851 | $ | 167,409 | $ | 162,584 | $ | -700 | $ | 161,884 | |||||||||||||||||||||||||
Total | $ | 194,063 | $ | -948 | $ | 193,115 | $ | 171,996 | $ | -711 | $ | 171,285 | $ | 168,260 | $ | -851 | $ | 167,409 |
Prepaid_Expenses_And_Other_Ass
Prepaid Expenses And Other Assets | 12 Months Ended | ||||||
Dec. 31, 2012 | |||||||
Prepaid Expenses And Other Assets [Abstract] | ' | ||||||
Prepaid Expenses And Other Assets | ' | ||||||
8. Prepaid Expenses and Other Assets | |||||||
Prepaid expenses and other assets as of December 31, 2012 and 2011, were as follows (dollars in thousands): | |||||||
As of December 31, | |||||||
2012 | 2011 | ||||||
Nonqualified savings plan assets | $ | 11,347 | $ | 8,264 | |||
Marketable equity securities | 6,042 | 4,412 | |||||
CSO fees receivable | 6,758 | 5,822 | |||||
Prepaid advertising | 1,532 | 1,628 | |||||
Prepaid insurance | 1,329 | 1,045 | |||||
Prepaid hardware and software maintenance | 2,487 | 2,273 | |||||
Other prepaid expenses | 3,878 | 6,271 | |||||
Other assets | 2,232 | 1,586 | |||||
Total | $ | 35,605 | $ | 31,301 |
Property_And_Equipment
Property And Equipment | 12 Months Ended | |||||||||||||||||
Dec. 31, 2012 | ||||||||||||||||||
Property And Equipment [Abstract] | ' | |||||||||||||||||
Property And Equipment | ' | |||||||||||||||||
9. Property and Equipment | ||||||||||||||||||
Major classifications of property and equipment as of December 31, 2012 and 2011, were as follows (dollars in thousands): | ||||||||||||||||||
As of December 31, | ||||||||||||||||||
2012 | 2011 | |||||||||||||||||
Accumulated | Accumulated | |||||||||||||||||
Cost | Depreciation | Net | Cost | Depreciation | Net | |||||||||||||
Land | $ | 5,335 | $ | - | $ | 5,335 | $ | 5,335 | $ | - | $ | 5,335 | ||||||
Buildings and leasehold improvements | 230,665 | -124,690 | 105,975 | 210,337 | -111,946 | 98,391 | ||||||||||||
Furniture, fixtures and equipment | 155,118 | -100,139 | 54,979 | 135,487 | -88,422 | 47,065 | ||||||||||||
Computer software | 168,728 | -73,246 | 95,482 | 151,142 | -55,504 | 95,638 | ||||||||||||
Total | $ | 559,846 | $ | -298,075 | $ | 261,771 | $ | 502,301 | $ | -255,872 | $ | 246,429 | ||||||
The Company recognized depreciation expense of $65.9 million, $47.9 million and $39.1 million during 2012, 2011 and 2010, respectively. | ||||||||||||||||||
Goodwill_And_Other_Intangible_
Goodwill And Other Intangible Assets | 12 Months Ended | |||||||||||||||||
Dec. 31, 2012 | ||||||||||||||||||
Goodwill And Other Intangible Assets [Abstract] | ' | |||||||||||||||||
Goodwill And Other Intangible Assets | ' | |||||||||||||||||
10. Goodwill and Other Intangible Assets | ||||||||||||||||||
Goodwill is tested for impairment at least annually. See Note 2. The Mexico Reorganization was considered a triggering event for purposes of goodwill and other intangible assets impairment testing of the retail services segment. See Note 4 for further discussion of the results of impairment testing associated with the Mexico Reorganization. | ||||||||||||||||||
Goodwill | ||||||||||||||||||
Changes in the carrying value of goodwill for the years ended December 31, 2012 and 2011 were as follows (dollars in thousands): | ||||||||||||||||||
Retail | ||||||||||||||||||
Services | E-Commerce | Consolidated | ||||||||||||||||
Balance as of January 1, 2012 | $ | 352,439 | $ | 210,282 | $ | 562,721 | ||||||||||||
Acquisitions and purchase price adjustments | 41,209 | 89 | 41,298 | |||||||||||||||
Effect of foreign currency translation | 4,197 | - | 4,197 | |||||||||||||||
Balance as of December 31, 2012 | $ | 397,845 | $ | 210,371 | $ | 608,216 | ||||||||||||
Balance as of January 1, 2011 | $ | 333,042 | $ | 210,282 | $ | 543,324 | ||||||||||||
Acquisitions and purchase price adjustments | 26,679 | - | 26,679 | |||||||||||||||
Effect of foreign currency translation | -7,282 | - | -7,282 | |||||||||||||||
Balance as of December 31, 2011 | $ | 352,439 | $ | 210,282 | $ | 562,721 | ||||||||||||
Acquired Intangible Assets | ||||||||||||||||||
Acquired intangible assets that are subject to amortization as of December 31, 2012 and 2011, were as follows (dollars in thousands): | ||||||||||||||||||
As of December 31, | ||||||||||||||||||
2012 | 2011 | |||||||||||||||||
Accumulated | Accumulated | |||||||||||||||||
Cost | Amortization | Net | Cost | Amortization | Net | |||||||||||||
Non-competition agreements | $ | 18,033 | $ | -12,968 | $ | 5,065 | $ | 21,364 | $ | -13,537 | $ | 7,827 | ||||||
Customer relationships | 30,515 | -14,440 | 16,075 | 26,607 | -17,297 | 9,310 | ||||||||||||
Trademarks | 360 | -259 | 101 | 211 | -199 | 12 | ||||||||||||
Other | 586 | -353 | 233 | 576 | -300 | 276 | ||||||||||||
Total | $ | 49,494 | $ | -28,020 | $ | 21,474 | $ | 48,758 | $ | -31,333 | $ | 17,425 | ||||||
Non-competition agreements are amortized over the applicable terms of the contract from two to five years. Customer and lead provider relationships are generally amortized on a straight-line basis over three to ten years, based on the period over which economic benefits are provided. Trademarks are amortized generally over three years on a straight-line basis. | ||||||||||||||||||
Amortization | ||||||||||||||||||
Amortization expense for acquired intangible assets was $9.5 million, $6.3 million and $4.8 million for the years ended December 31, 2012, 2011 and 2010, respectively. | ||||||||||||||||||
Estimated future amortization expense for the years ended December 31, is as follows (dollars in thousands): | ||||||||||||||||||
Year | Amount | |||||||||||||||||
2013 | $ | 4,746 | ||||||||||||||||
2014 | 3,511 | |||||||||||||||||
2015 | 3,318 | |||||||||||||||||
2016 | 2,976 | |||||||||||||||||
2017 | 2,391 | |||||||||||||||||
Indefinite-Lived Intangible Assets | ||||||||||||||||||
As of December 31, 2012 and 2011, licenses of $9.7 million obtained in conjunction with acquisitions were not amortized. As of December 31, 2012 and 2011, trademarks of $5.3 million and $7.7 million, respectively, obtained in conjunction with acquisitions were not amortized. Costs to renew licenses with indefinite lives are recorded in “Operations and administration expenses” in the consolidated statements of income. |
Accounts_Payable_And_Accrued_E
Accounts Payable And Accrued Expenses | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Accounts Payable And Accrued Expenses [Abstract] | ' | |||||
Accounts Payable And Accrued Expenses | ' | |||||
11. Accounts Payable and Accrued Expenses | ||||||
Accounts payable and accrued expenses as of December 31, 2012 and 2011, were as follows (dollars in thousands): | ||||||
As of December 31, | ||||||
2012 | 2011 | |||||
Trade accounts payable | $ | 35,380 | $ | 36,710 | ||
Accrued taxes, other than income taxes | 5,847 | 5,568 | ||||
Accrued payroll and fringe benefits | 40,036 | 40,412 | ||||
Accrued interest payable | 3,030 | 1,957 | ||||
Accrual for consumer loan payments rejected for non-sufficient funds | 10,134 | 10,224 | ||||
Liability for losses on third-party lender-owned consumer loans | 3,498 | 3,062 | ||||
Ohio Reimbursements(a) | 13,400 | - | ||||
Other accrued liabilities | 15,339 | 15,180 | ||||
Total | $ | 126,664 | $ | 113,113 | ||
See Note 15 for further discussion of the Ohio Reimbursements (as defined in Note 15). | ||||||
(a) |
Marketing_Expenses
Marketing Expenses | 12 Months Ended |
Dec. 31, 2012 | |
Marketing Expenses [Abstract] | ' |
Marketing Expenses | ' |
12. Marketing Expenses | |
Marketing expenses, excluding lead purchase costs, were $72.2 million, $41.2 million and $30.1 million, respectively, and lead purchase expense was $49.7 million, $43.2 million and $40.5 million, respectively, for the years ended December 31, 2012, 2011 and 2010. See Note 2. |
LongTerm_Debt
Long-Term Debt | 9 Months Ended | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||
Long-Term Debt [Abstract] | ' | ' | ||||||||||||||||
Long-Term Debt | ' | ' | ||||||||||||||||
6. Long-Term Debt | 13. Long-Term Debt | |||||||||||||||||
The Company's long-term debt instruments and balances outstanding as of December 31, 2012 and 2011 were as follows (dollars in thousands): | ||||||||||||||||||
The Company's long-term debt instruments and balances outstanding as of September 30, 2013 and 2012 and December 31, 2012 were as follows (dollars in thousands): | ||||||||||||||||||
Balance at | ||||||||||||||||||
Balance as of | December 31, | |||||||||||||||||
September 30, | December 31, | 2012 | 2011 | |||||||||||||||
2013 | 2012 | 2012 | Domestic and multi-currency line of credit up to $380,000 ($100,000 matures 2013, $280,000 matures 2015) | $ | 301,011 | $ | 280,839 | |||||||||||
Domestic and multi-currency line of credit due 2018 | $ | 120,225 | $ | 288,266 | $ | 301,011 | 6.12% senior unsecured notes due 2012 | - | 16,667 | |||||||||
6.12% senior unsecured notes due 2012 | - | 13,333 | - | Variable rate senior unsecured note due 2015 | 41,667 | 50,000 | ||||||||||||
6.09% Series A senior unsecured notes due 2016 | 28,000 | 35,000 | 28,000 | 6.09% senior unsecured notes due 2016 | 28,000 | 35,000 | ||||||||||||
7.26% senior unsecured notes due 2017 | 20,000 | 25,000 | 25,000 | 7.26% senior unsecured notes due 2017 | 25,000 | 25,000 | ||||||||||||
Variable rate senior unsecured notes due 2018 | 35,417 | 43,750 | 41,667 | 6.00% Series A senior unsecured notes due 2019 | 47,000 | 0 | ||||||||||||
5.75% senior unsecured notes due 2018 | 300,000 | 0 | 0 | 6.21% senior unsecured notes due 2021 | 20,455 | 22,727 | ||||||||||||
6.00% Series A senior unsecured notes due 2019 | 47,000 | 47,000 | 47,000 | 6.58% Series B senior unsecured notes due 2022 | 5,000 | 0 | ||||||||||||
6.21% Series B senior unsecured notes due 2021 | 20,455 | 22,727 | 20,455 | 5.25% convertible senior notes due 2029 | 110,197 | 107,058 | ||||||||||||
6.58% Series B senior unsecured notes due 2022 | 5,000 | 5,000 | 5,000 | Total debt | $ | 578,330 | $ | 537,291 | ||||||||||
5.25% convertible senior notes due 2029 | 106,752 | 109,387 | 110,197 | Less current portion | 43,617 | 34,273 | ||||||||||||
Total debt | $ | 682,849 | $ | 589,463 | $ | 578,330 | Total long-term debt | $ | 534,713 | $ | 503,018 | |||||||
Less current portion | -22,606 | -44,205 | -43,617 | Domestic and Multi-Currency Line | ||||||||||||||
Total long-term debt | $ | 660,243 | $ | 545,258 | $ | 534,713 | On March 30, 2011, the Company entered into a new credit agreement for up to $330.0 million of credit with a group of commercial banks (the “Original Credit Agreement”). On November 29, 2011, the Company amended the Original Credit Agreement to increase the amount available by $100.0 million to $430.0 million (the “Credit Agreement”). The Credit Agreement consists of a $380.0 million line of credit, which includes the ability to borrow up to $50.0 million in specified foreign currencies or U.S. dollars (the “Domestic and Multi-currency Line”) and a $50.0 million term loan facility (the “2015 Variable Rate Notes”). The Domestic and Multi-currency Line will decrease by $100.0 million to $280.0 million on the earlier of May 29, 2013 or the second business day following the closing of an initial public offering of common stock of Enova International, Inc., a wholly-owned subsidiary of the Company (“Enova”), that results in Enova no longer being considered a majority-owned subsidiary of the Company. The Domestic and Multi-currency Line matures on March 31, 2015. Beginning March 31, 2012, the 2015 Variable Rate Notes became payable in equal quarterly principal installments of $2.1 million with any outstanding principal remaining due at maturity on March 31, 2015. Interest on the Domestic and Multi-currency Line is charged, at the Company's option, at either the London Interbank Offered Rate (“LIBOR”) plus a margin varying from 2.00% to 3.25% or at the agent's base rate plus a margin varying from 0.50% to 1.75%. Interest on the 2015 Variable Rate Notes is charged, at the Company's option, at either LIBOR plus a margin of 3.50% or at the agent's base rate plus a margin of 2.00%. The margin for the Domestic and Multi-currency Line is dependent on the Company's cash flow leverage ratios as defined in the Credit Agreement. The Company also pays a fee on the unused portion of the Domestic and Multi-currency Line ranging from 0.25% to 0.50% (0.38% at December 31, 2012) based on the Company's cash flow leverage ratios. The weighted average interest rate (including margin) on the Domestic and Multi-currency Line was 3.06% and 3.08% at December 31, 2012 and 2011, respectively. The weighted average interest rate (including margin) on the 2015 Variable Rate Notes was 3.75% and 3.81% at December 31, 2012 and 2011, respectively. | |||||||||||
Domestic and Multi-Currency Line of Credit | In conjunction with the entry into the Original Credit Agreement, the Company repaid all outstanding revolving credit loans under its $300.0 million domestic line of credit due 2012 (the “USD Line of Credit”) and its variable rate senior unsecured note due 2012 with proceeds of the Original Credit Agreement. | |||||||||||||||||
The Company's domestic and multi-currency line of credit, which includes the ability to borrow up to $50.0 million in specified foreign currencies or U.S. dollars (the “Domestic and Multi-currency Line of Credit”), was amended by the Company on May 10, 2013. The primary provisions of the amendment to the Domestic and Multi-currency Line of Credit include an extension of the maturity date from March 31, 2015 to March 31, 2018 and a decrease in the total credit available from $380.0 million to $280.0 million, subject to an accordion feature whereby the revolving line of credit may be increased up to an additional $100.0 million with the consent of any increasing lenders. Interest on the Domestic and Multi-currency Line of Credit is charged, at the Company's option, at either the London Interbank Offered Rate for one-, two-, three- or six-month periods, as selected by the Company for the first interest rate period, and for subsequent interest rate periods, one week or two weeks or one-, two-, three- or six-month periods, as selected by the Company (“LIBOR”), plus a margin varying from 2.00% to 3.25% or at the agent's base rate plus a margin varying from 0.50% to 1.75%. The margin for the Domestic and Multi-currency Line of Credit is dependent on the Company's cash flow leverage ratios as defined in the credit agreement entered into in connection with the Domestic and Multi-currency Line of Credit. The Company also pays a fee on the unused portion of the Domestic and Multi-currency Line of Credit ranging from 0.25% to 0.50% (0.38% as of September 30, 2013) based on the Company's cash flow leverage ratios. The weighted average interest rate (including margin) on the Domestic and Multi-currency Line of Credit was 2.81%, 2.75% and 3.06% as of September 30, 2013 and 2012 and December 31, 2012, respectively. | As of December 31, 2012, borrowings under the Company's Domestic and Multi-currency Line consisted of three pricing tranches with maturity dates ranging from two to 31 days, and as of December 31, 2011, borrowings under the Company's Domestic and Multi-currency Line consisted of multiple pricing tranches with maturity dates ranging from three to 31 days. However, the Company routinely refinances borrowings pursuant to the terms of its Domestic and Multi-currency Line. Therefore, these borrowings are reported as part of the applicable line of credit and as long-term debt. | |||||||||||||||||
As of September 30, 2013, borrowings under the Company's Domestic and Multi-currency Line of Credit consisted of three pricing tranches with maturity dates ranging from one to 31 days, and as of September 30, 2012, borrowings under the Company's Domestic and Multi-currency Line of Credit consisted of three pricing tranches with maturity dates ranging from two to 31 days. The Company routinely refinances borrowings pursuant to the terms of its Domestic and Multi-currency Line of Credit; therefore, these borrowings are reported as part of the applicable line of credit and as long-term debt. | In connection with the Domestic and Multi-currency Line and the 2015 Variable Rate Notes, the Company incurred approximately $2.6 million for issuance costs in 2011, which primarily consisted of underwriting fees, legal and other professional expenses. These costs are being amortized over a period of three years and are included in “Other assets” in the Company's consolidated balance sheets. | |||||||||||||||||
Variable Rate Senior Unsecured Notes | Series A and Series B Notes | |||||||||||||||||
When the Company amended its Domestic and Multi-currency Line of Credit, it also extended the maturity date of its $50.0 million variable rate term loan facility (the “2018 Variable Rate Notes”) from March 31, 2015 to March 31, 2018. The 2018 Variable Rate Notes are payable in equal quarterly principal installments of $2.1 million with any outstanding principal remaining due at maturity on March 31, 2018. Interest on the 2018 Variable Rate Notes is charged, at the Company's option, at either LIBOR (as defined above) plus a margin of 3.50% or at the agent's base rate plus a margin of 2.00%. The weighted average interest rate (including margin) on the 2018 Variable Rate Notes was 3.69% for September 30, 2013 and 3.75% as of each of September 30, 2012 and December 31, 2012. | On August 28, 2012, the Company issued and sold a total of $52.0 million in long-term notes in two series, including $47.0 million aggregate principal amount of its 6.00% Series A Senior Notes due August 28, 2019 (the “Series A Notes”) and $5.0 million aggregate principal amount of its 6.58% Series B Senior Notes due August 28, 2022 (the “Series B Notes,” and together with the Series A Notes, the “Notes”). The Notes were sold in a private placement pursuant to a Note Purchase Agreement dated August 28, 2012 by and among the Company and certain purchasers listed therein. The Notes are senior unsecured obligations of the Company. The Series A Notes are payable in five annual installments of $9.4 million beginning August 28, 2015, and the Series B Notes are payable in seven annual installments of approximately $0.7 million beginning August 28, 2016. In addition, the Company may, at its option, prepay all or a minimum portion of $1.0 million of the Notes at a price equal to the principal amount thereof plus a make-whole premium and accrued interest. The Notes are guaranteed by all of the Company's U.S. subsidiaries. The Company used a portion of the net proceeds of the offering to repay existing indebtedness, including outstanding balances under the Domestic and Multi-Currency Line, and used the remaining portion for general corporate purposes. | |||||||||||||||||
In connection with the amendment of the Domestic and Multi-currency Line of Credit and the 2018 Variable Rate Notes, the Company incurred debt issuance costs of approximately $1.8 million during the nine months ended September 30, 2013, which primarily consisted of commitment fees, legal and other professional expenses. These costs are being amortized over a period of five years and are included in “Other assets” in the Company's consolidated balance sheets. | 2009 Convertible Notes | |||||||||||||||||
$300.0 Million 5.75% Senior Unsecured Notes | On May 19, 2009, the Company completed the offering of $115.0 million aggregate principal amount of 5.25% Convertible Senior Notes due May 15, 2029 (the “2009 Convertible Notes”). The 2009 Convertible Notes are senior unsecured obligations of the Company. The 2009 Convertible Notes bear interest at a rate of 5.25% per year, payable semi-annually on May 15 and November 15 of each year. The 2009 Convertible Notes will be convertible, in certain circumstances, at an initial conversion rate of 39.2157 shares per $1,000 aggregate principal amount of 2009 Convertible Notes (which is equivalent to a conversion price of approximately $25.50 per share), subject to adjustment upon the occurrence of certain events, into either, at the Company's election: (i) shares of common stock or (ii) cash up to their principal amount and shares of its common stock with respect to the remainder, if any, of the conversion value in excess of the principal amount. The Company may not redeem the 2009 Convertible Notes prior to May 14, 2014. The Company may, at its option, redeem some or all of the 2009 Convertible Notes on or after May 15, 2014 solely for cash. Holders of the 2009 Convertible Notes will have the right to require the Company to repurchase some or all of the outstanding 2009 Convertible Notes, solely for cash, on May 15, 2014, May 15, 2019 and May 15, 2024 at a price equal to 100% of the principal amount plus any accrued and unpaid interest. | |||||||||||||||||
On May 15, 2013, the Company issued and sold $300.0 million in aggregate principal amount of 5.75% Senior Notes due 2018 (the “2018 Senior Notes”). The Company offered and sold the 2018 Senior Notes to initial purchasers in reliance on the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”). The initial purchasers then resold the 2018 Senior Notes pursuant to the exemptions from registration under the Securities Act in reliance on Rule 144A and Regulation S. The 2018 Senior Notes bear interest at a rate of 5.75% annually on the principal amount, payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2013. The 2018 Senior Notes will mature on May 15, 2018. The 2018 Senior Notes are senior unsecured debt obligations of the Company and are guaranteed by all of the Company's domestic subsidiaries. | As of December 31, 2012 and 2011, the carrying amount of the 2009 Convertible Notes was $110.2 million and $107.1 million, respectively, and the unamortized discount was $4.8 million and $7.9 million, respectively. The discount is being amortized to interest expense over a period of five years, through the first redemption date of May 19, 2014. The total interest expense recognized was $9.2 million, $8.9 million and $8.7 million for the years ended December 31, 2012, 2011 and 2010, respectively, of which $3.2 million, $2.9 million and $2.7 million represented the non-cash amortization of the discount, and $6.0 million, $6.0 million and $6.0 million represented the contractual interest expense for the years ended December 31, 2012, 2011 and 2010, respectively. The 2009 Convertible Notes have an effective interest rate of 8.46% at both December 31, 2012 and 2011, respectively. As of December 31, 2012, the if-converted value of the 2009 Convertible Notes exceeds the principal amount by approximately $59.7 million. | |||||||||||||||||
The 2018 Senior Notes are redeemable at the Company's option, in whole or in part, at any time at 100% of the aggregate principal amount of 2018 Senior Notes redeemed plus the applicable “make whole” redemption price specified in the Indenture that governs the 2018 Senior Notes (the “2018 Senior Notes Indenture”), plus accrued and unpaid interest, if any, to the redemption date. In addition, if a change of control occurs, as that term is defined in the 2018 Senior Notes Indenture, the holders of 2018 Senior Notes will have the right, subject to certain conditions, to require the Company to repurchase their 2018 Senior Notes at a purchase price equal to 101% of the aggregate principal amount of 2018 Senior Notes repurchased plus accrued and unpaid interest, if any, as of the date of repurchase. | In connection with the issuance of the 2009 Convertible Notes, the Company incurred approximately $3.9 million for issuance costs, which primarily consisted of underwriting fees, legal and other professional expenses. The unamortized balance of these costs as of December 31, 2012 is included in “Other assets” in the Company's consolidated balance sheets. These costs are being amortized to interest expense over five years. | |||||||||||||||||
In addition, on May 15, 2013 the Company entered into a registration rights agreement with the initial purchasers (the “Registration Rights Agreement”) of the 2018 Senior Notes, pursuant to which the Company agreed to use commercially reasonable efforts to issue in exchange for the 2018 Senior Notes, on or prior to the 270th day following the closing date of the issuance and sale of the 2018 Senior Notes, identical new notes registered under the Securities Act. In certain circumstances, the Company may be required to file a shelf registration statement to cover resales of the 2018 Senior Notes. If the Company does not comply with certain covenants set forth in the Registration Rights Agreement, it must pay liquidated damages to holders of the 2018 Senior Notes. | As of both December 31, 2012 and 2011, the carrying amount of the equity component recorded as additional paid-in capital was $9.4 million, net of deferred taxes and equity issuance costs. | |||||||||||||||||
In connection with the issuance of the 2018 Senior Notes, the Company incurred debt issuance costs of approximately $8.1 million during the nine months ended September 30, 2013, which primarily consisted of underwriting fees, legal and other professional expenses. These costs are being amortized over a period of five years and are included in “Other assets” in the Company's consolidated balance sheets. | Other | |||||||||||||||||
Other | On March 30, 2011, in conjunction with the establishment of the Original Credit Agreement, the Company entered into a separate credit agreement for the issuance of $20.0 million in letters of credit (the “Letter of Credit Facility”). The Company had standby letters of credit of $17.7 million issued under the Letter of Credit Facility as of December 31, 2012. | |||||||||||||||||
When the Company entered into its Domestic and Multi-currency Line of Credit, it also entered into a separate credit agreement for the issuance of up to $20.0 million in letters of credit (the “Letter of Credit Facility”). When the Company amended its Domestic and Multi-currency Line of Credit, it also extended the maturity date of its Letter of Credit Facility from March 31, 2015 to March 31, 2018. The Company had standby letters of credit of $16.3 million under its Letter of Credit Facility as of September 30, 2013. | Each of the Company's credit agreements and senior unsecured notes require the Company to maintain certain financial ratios. As of December 31, 2012, the Company was in compliance with all covenants or other requirements set forth in its debt agreements. | |||||||||||||||||
The Company's debt agreements for its Domestic and Multi-currency Line of Credit and its senior unsecured notes require the Company to maintain certain financial ratios. As of September 30, 2013, the Company was in compliance with all covenants or other requirements set forth in its debt agreements. | As of December 31, 2012, required principal payments under the terms of the long-term debt, including the Company's line of credit, for each of the five years after December 31, 2012 are as follows (dollars in thousands): | |||||||||||||||||
Year | Amount | |||||||||||||||||
2013 | $ | 43,617 | ||||||||||||||||
2014 | 22,606 | |||||||||||||||||
2015 | 328,674 | |||||||||||||||||
2016 | 24,387 | |||||||||||||||||
2017 | 17,387 | |||||||||||||||||
Thereafter | 141,659 | |||||||||||||||||
$ | 578,330 |
Reclassification_of_OCI
Reclassification of OCI | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Comprehensive Income Net Of Tax [Abstract] | ' | |||||||||||||||||
Reclassification out of Other Comprehensive Income | ' | |||||||||||||||||
7. Reclassification out of Accumulated Other Comprehensive Income | ||||||||||||||||||
In accordance with ASU 2013-02, the reclassification adjustments from accumulated other comprehensive income (“AOCI”) to net income for the three and nine months ended September 30, 2013 were as follows (dollars in thousands): | ||||||||||||||||||
Three Months Ended September 30, 2013 | NIne Months Ended September 30, 2013 | |||||||||||||||||
Foreign currency translation gain (loss), net of tax | Marketable securities, net of tax | Total | Foreign currency translation gain (loss), net of tax | Marketable securities, net of tax | Total | |||||||||||||
Balance at the beginning of period | $ | -362 | $ | - | $ | -362 | $ | 2,874 | $ | 254 | $ | 3,128 | ||||||
Other comprehensive income before reclassifications | 2,976 | - | 2,976 | -260 | 373 | 113 | ||||||||||||
Amounts reclassified from AOCI(a) | - | - | - | - | -627 | -627 | ||||||||||||
Net change in AOCI | 2,976 | - | 2,976 | -260 | -254 | -514 | ||||||||||||
Balance at the end of period | $ | 2,614 | $ | - | $ | 2,614 | $ | 2,614 | $ | - | $ | 2,614 | ||||||
The gain on marketable securities reclassified out of AOCI for the nine months ended September 30, 2013 is composed of a $964 gain and income tax expense of $337. The gain and income tax expense are included in “Other revenue” and “Provision for income taxes,” respectively, in the consolidated statements of income. | ||||||||||||||||||
Earnings_Per_Share_Computation
Earnings Per Share Computation | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Earnings Per Share Computation [Abstract] | ' | |||||||||||||
Earnings Per Share [Text Block] | ' | |||||||||||||
8. Net Income Per Share | ||||||||||||||
Basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per share is calculated by giving effect to the potential dilution that could occur if securities or other contracts to issue common shares were exercised and converted into common shares during the period. Restricted stock units issued under the Company's stock-based employee compensation plans are included in diluted shares upon the granting of the awards even though the vesting of shares will occur over time. Performance-based awards are included in diluted shares based on the level of performance that management estimates is the most probable outcome at the grant date. Throughout the requisite service period, management monitors the probability of achievement of the performance condition and, if material, adjusts the number of shares included in diluted shares accordingly. | ||||||||||||||
The following table sets forth the reconciliation of numerators and denominators of basic and diluted net income per share computations for the three and nine months ended September 30, 2013 and 2012 (dollars and shares in thousands, except per share amounts): | ||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||
September 30, | September 30, | |||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||
Numerator: | ||||||||||||||
Net income attributable to Cash America International, Inc. | $ | 46,186 | $ | 11,703 | $ | 115,244 | $ | 82,990 | ||||||
Denominator: | ||||||||||||||
Total weighted average basic shares (a) | 28,426 | 29,536 | 28,747 | 29,599 | ||||||||||
Shares applicable to stock-based compensation(b) | 102 | 164 | 92 | 188 | ||||||||||
Convertible debt(c) | 1,851 | 1,675 | 2,018 | 1,856 | ||||||||||
Total weighted average diluted shares (d) | 30,379 | 31,375 | 30,857 | 31,643 | ||||||||||
Net income – basic | $ | 1.62 | $ | 0.4 | $ | 4.01 | $ | 2.8 | ||||||
Net income – diluted | $ | 1.52 | $ | 0.37 | $ | 3.73 | $ | 2.62 | ||||||
(a)a | Includes vested and deferred restricted stock units of 301 and 291, as well as 31 and 31 shares held in the Company's nonqualified deferred compensation plan for the three months ended September 30, 2013 and 2012, respectively, and vested and deferred restricted stock units of 308 and 285, as well as 31 and 31 shares held in the Company's nonqualified deferred compensation plan for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||
(b) | For the three and nine months ended September 30, 2013, includes shares related to unvested restricted stock unit awards. For the three and nine months ended September 30, 2012, includes shares related to outstanding option awards that were exercisable and shares related to unvested restricted stock unit awards. | |||||||||||||
(c)a a a | The shares issuable with respect to the Company's senior unsecured convertible notes due 2029 (the “2029 Convertible Notes”) have been calculated using the treasury stock method. The Company intends to settle the principal portion of the convertible debt in cash; therefore, only the shares related to the conversion spread have been included in weighted average diluted shares. | |||||||||||||
(d) | There were 25 anti-dilutive shares for the nine months ended September 30, 2013 and no anti-dilutive shares for the three months ended September 30, 2013 and three and nine months ended September 30, 2012. |
Income_Taxes
Income Taxes | 9 Months Ended | 12 Months Ended | |||||||||
Sep. 30, 2013 | Dec. 31, 2012 | ||||||||||
Income Taxes [Abstract] | ' | ' | |||||||||
Income Tax | ' | ' | |||||||||
9. Income Taxes | 14. Income Taxes | ||||||||||
During 2012, the Company's Mexico-based pawn operations that operated under the name Prenda Fácil were owned by Creazione Estilo, S.A. de C.V., a Mexican sociedad anónima de capital variable (“Creazione”). In January 2013, the Company's Mexico-based pawn operations were sold by Creazione to another wholly-owned subsidiary of the Company, CA Empeños Mexico, S. de R.L. de C.V., and began operating exclusively under the name “Cash America casa de empeño.” The Company is currently in the process of liquidating the remaining assets of Creazione, which are insignificant. In connection with the liquidation of Creazione, the Company intends to claim a deduction on its 2013 federal income tax return for its tax basis in the stock of Creazione and has recognized an income tax benefit of $33.2 million as a result of the deduction. The Company believes that it meets the requirements for this deduction and that it should be treated as an ordinary loss, which will reduce the Company's cash taxes paid in 2013, and the Company has obtained a Private Letter Ruling from the Internal Revenue Service with respect to one of the various factors that it considered in making this determination. As of December 31, 2012, the Company had recorded an income tax benefit of $9.3 million and an offsetting valuation allowance associated with the Company's excess tax basis over its basis for financial purposes in the stock of Creazione. During the three months ended March 31, 2013, the Company recorded an additional income tax benefit of $23.9 million associated with its remaining tax basis in the stock of Creazione. In addition, the Company released the valuation allowance recorded in 2012 of $9.3 million and recorded a $33.2 million liability for uncertain tax benefits. Following the receipt of a favorable Private Letter Ruling from the Internal Revenue Service in September of 2013, the Company determined that it met the more-likely-than-not threshold for recording a tax benefit related to the Creazione stock basis deduction and released the $33.2 million liability for uncertain tax benefits during the three months ended September 30, 2013. | The components of the Company's deferred tax assets and liabilities as of December 31, 2012 and 2011, were as follows (dollars in thousands): | ||||||||||
As of December 31, | |||||||||||
During 2013, the statute of limitations expired related to the Mexico tax returns of Creazione for periods before it was acquired by the Company (pre-2008). As a result, in the third quarter of 2013, the Company released reserves established for unrecognized tax benefits of $1.0 million and the related accrued interest and penalties of $1.9 million. | 2012 | 2011 | |||||||||
Deferred tax assets: | |||||||||||
The Company recognized income tax (benefit) expense of ($28.0) million and $12.7 million for the three and nine months ended September 30, 2013, respectively, compared to income tax expense of $25.1 million and $67.5 million for the three and nine months ended September 30, 2012, respectively. The decrease in income tax expense and the effective tax rate of (154.1%) and 9.9% for the three and nine months ended September 30, 2013, respectively, is primarily due to the recognition of the $33.2 million tax benefit associated with the Creazione stock basis deduction and the $1.0 million release of the reserve for uncertain tax benefits related to the Creazione pre-acquisition Mexico tax returns noted above. In addition, the income tax expense for the three and nine months ended September 30, 2012 was negatively impacted by the recognition of a $12.6 million valuation allowance related to the Mexico deferred tax assets of Creazione. | Deferred finish-out allowances from lessors | $ | 760 | $ | 717 | ||||||
Tax over book accrual of pawn loan fees and service charges | 7,915 | 7,578 | |||||||||
Ohio Reimbursements(a) | 4,821 | 0 | |||||||||
Allowance for consumer loan losses | 31,801 | 23,498 | |||||||||
Deferred compensation | 11,252 | 8,844 | |||||||||
Net operating losses | 15,468 | 5,746 | |||||||||
Deferred state credits | 1,206 | 1,306 | |||||||||
Investment in Subsidiaries | 9,338 | - | |||||||||
Other | 5,273 | 3,038 | |||||||||
Total deferred tax assets | 87,834 | 50,727 | |||||||||
Deferred tax liabilities: | |||||||||||
Amortization of acquired intangibles | $ | 66,972 | $ | 56,372 | |||||||
Property and equipment | 49,166 | 45,598 | |||||||||
Convertible debt | 897 | 2,180 | |||||||||
Other | 1,672 | 1,224 | |||||||||
Total deferred tax liabilities | 118,707 | 105,374 | |||||||||
Net deferred tax liabilities before valuation allowance | $ | -30,873 | $ | -54,647 | |||||||
Valuation Allowance | -21,846 | - | |||||||||
Net deferred tax liabilities after valuation allowance | $ | -52,719 | -54,647 | ||||||||
Balance sheet classification: | |||||||||||
Current deferred tax assets, net | $ | 48,992 | $ | 35,065 | |||||||
Non-current deferred tax liabilities, net | -101,711 | -89,712 | |||||||||
Net deferred tax liabilities | $ | -52,719 | $ | -54,647 | |||||||
(a) | |||||||||||
See Note 15 for further discussion of the Ohio Reimbursements. | |||||||||||
The components of the provision for income taxes and the income to which it relates for the years ended December 31, 2012, 2011 and 2010, were as follows (dollars in thousands): | |||||||||||
Year Ended December 31, | |||||||||||
2012 | 2011 | 2010 | |||||||||
Income (loss) before income taxes: | |||||||||||
Domestic | $ | 214,463 | $ | 225,351 | $ | 182,292 | |||||
Foreign | -28,143 | -7,825 | 2,221 | ||||||||
Income before income taxes | 186,320 | 217,526 | 184,513 | ||||||||
Current provision: | |||||||||||
Federal | $ | 81,756 | $ | 51,613 | $ | 56,215 | |||||
Foreign | 603 | 440 | 106 | ||||||||
State and local | 5,818 | 4,744 | 4,106 | ||||||||
Total current provision for income taxes | 88,177 | 56,797 | 60,427 | ||||||||
Deferred provision (benefit): | |||||||||||
Federal | $ | -8,031 | $ | 27,475 | $ | 7,700 | |||||
Foreign | 4,811 | -2,998 | 1,053 | ||||||||
State and local | -301 | 1,086 | 89 | ||||||||
Total deferred provision for income taxes | -3,521 | 25,563 | 8,842 | ||||||||
Total provision for income taxes | $ | 84,656 | $ | 82,360 | $ | 69,269 | |||||
The Company recognized income tax expense of $84.7 million for the year ended December 31, 2012 compared to income tax expense of $82.4 million for the year ended December 31, 2011. The increase in income tax expense and the effective tax rate for the year ended December 31, 2012 is primarily due to the Mexico Reorganization as noted below and by the tax effect of lower earnings for the year ended December 31, 2012. | |||||||||||
The effective tax rate on income differs from the federal statutory rate of 35% for the following reasons (dollars in thousands): | |||||||||||
Year Ended December 31, | |||||||||||
2012 | 2011 | 2010 | |||||||||
Tax provision computed at the federal statutory income tax rate | $ | 65,212 | $ | 76,134 | $ | 64,579 | |||||
State and local income taxes, net of federal tax benefits | 3,587 | 3,790 | 2,727 | ||||||||
Nondeductible lobbying | 865 | 882 | 1,039 | ||||||||
Foreign tax difference | 2,027 | 587 | 442 | ||||||||
Investment in Subsidiaries | -9,338 | - | - | ||||||||
Change in deferred tax valuation allowance | 21,846 | - | - | ||||||||
Other | 457 | 967 | 482 | ||||||||
Total provision | $ | 84,656 | $ | 82,360 | $ | 69,269 | |||||
Effective tax rate | 45.4 | % | 37.9 | % | 37.5 | % | |||||
As of December 31, 2012, the Company had net operating losses totaling $51.5 million related to its Mexico subsidiaries. Mexico allows a ten year carry-forward period, and, if unutilized, these net operating losses will expire in varying amounts beginning in 2018. | |||||||||||
The Company performs an evaluation of the recoverability of its deferred tax assets on a quarterly basis. The Company establishes a valuation allowance if it is more-likely-than-not (greater than 50 percent) that all or some portion of the deferred tax asset will not be realized. The Company analyzes several factors, including the nature and frequency of operating losses, the Company's carry-forward period for any losses, the reversal of future taxable temporary differences, the expected occurrence of future income or loss and the feasibility of available tax planning strategies to protect against the loss of deferred tax assets. | |||||||||||
In 2012, the Company recorded a valuation allowance of $21.8 million, including $12.0 million related to net deferred tax assets at its Mexico-based pawn operations (see Note 4 for further information related to the Mexico Reorganization), $0.5 million related to the net deferred tax asset in Mexico generated by the e-commerce segment, and $9.3 million related to the deferred tax asset associated with the Company's excess tax basis over its basis for financial reporting purposes in the stock of Creazione. | |||||||||||
The aggregate change in the balance of the unrecognized tax benefits for the years ended December 31, 2012, 2011 and 2010 is summarized below (dollars in thousands): | |||||||||||
2012 | 2011 | 2010 | |||||||||
Balance at January 1, | $ | 955 | $ | 1,082 | $ | 1,021 | |||||
Effect of change in foreign currency rates | 66 | -127 | 61 | ||||||||
Balance at December 31, | $ | 1,021 | $ | 955 | $ | 1,082 | |||||
The balance in unrecognized tax benefits relate to pre-acquisition tax matters of Prenda Fácil. As part of the initial acquisition of Creazione, the sellers agreed to reimburse the Company for taxes, penalties and interest that the Company may be required to pay to taxing authorities upon challenge of pre-acquisition tax positions of Prenda Fácil. Accordingly, the Company had recognized a receivable from the sellers for unrecognized tax benefits, including related interest and penalties. The receivable from the sellers was included in “Prepaid expenses and other assets” in the consolidated balance sheets as of December 31, 2012. As a result of the Company's acquisition of the remaining shares of Creazione in 2012, the Company released the sellers from certain contingent liabilities including any liabilities associated with the pre-acquisition tax matters of Prenda Fácil. As a result, the receivable from the sellers was written off as part of the remaining shares. | |||||||||||
The Company believes that it is reasonably possible that the entire amount of its uncertain tax benefits will be recognized in 2013 as a result of the lapse of the statute of limitations. The liability for unrecognized tax benefits, including related interest and penalties, is classified as a non-current liability in the accompanying consolidated balance sheets. The Company has accrued $1.7 million, $1.3 million and $1.3 million of interest and penalties as of December 31, 2012, 2011 and 2010, respectively. | |||||||||||
As of December 31, 2012, the Company's 2009 through 2011 tax years were open to examination by the Internal Revenue Service and major state taxing jurisdictions. The 2007 through 2011 tax years of the Company's Mexican subsidiaries were open to examination by the Mexican taxing authorities. | |||||||||||
Commitments_And_Contingencies
Commitments And Contingencies | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||
Commitments And Contingencies [Abstract] | ' | ' | ||||
Commitments And Contingencies | ' | ' | ||||
11. Commitments and Contingencies | 15. Commitments and Contingencies | |||||
Litigation | Leases | |||||
On August 6, 2004, James E. Strong filed a purported class action lawsuit in the State Court of Cobb County, Georgia against Georgia Cash America, Inc., Cash America International, Inc. (together with Georgia Cash America, Inc., “Cash America”), Daniel R. Feehan, and several unnamed officers, directors, owners and “stakeholders” of Cash America. In August 2006, James H. Greene and Mennie Johnson were permitted to join the lawsuit as named plaintiffs, and in June 2009, the court agreed to the removal of James E. Strong as a named plaintiff. The lawsuit alleges many different causes of action, among the most significant of which is that Cash America made illegal short-term loans in Georgia in violation of Georgia's usury law, the Georgia Industrial Loan Act and Georgia's Racketeer Influenced and Corrupt Organizations Act (“RICO”). First National Bank of Brookings, South Dakota (“FNB”) and Community State Bank of Milbank, South Dakota (“CSB”) for some time made loans to Georgia residents through Cash America's Georgia operating locations. The complaint in this lawsuit claims that Cash America was the true lender with respect to the loans made to Georgia borrowers and that FNB and CSB's involvement in the process is “a mere subterfuge.” Based on this claim, the suit alleges that Cash America was the “de facto” lender and was illegally operating in Georgia. The complaint seeks unspecified compensatory damages, attorney's fees, punitive damages and the trebling of any compensatory damages. In November 2009 the case was certified as a class action lawsuit. | The Company leases certain of its facilities under operating leases with terms ranging from one to 23 years and certain rights to extend for additional periods. Future minimum rentals due under non-cancelable leases are as follows for each of the years ending December 31 (dollars in thousands): | |||||
This case was scheduled to go to trial in November 2013, but on October 9, 2013, the parties agreed to a memorandum of understanding (the “Settlement Memorandum”). Pursuant to the Settlement Memorandum, the parties filed a joint motion containing the full terms of the settlement (the “Settlement Agreement”) to the trial court for approval on October 24, 2013. The Settlement Agreement requires a minimum payment by the Company of $18.0 million and a maximum payment of $36.0 million, to cover class claims (including honorarium payments to the named plaintiffs) and the plaintiffs' attorneys' fees and costs (including the costs of claims administration) (the “Class Claims and Costs”), all of which will count towards the aggregate payment for purposes of determining whether the minimum payment has been made or the maximum payment has been reached. The actual payout will depend on the number of claimants who submit claims for payment. If the Company does not pay at least $18.0 million towards the Class Claims and Costs, the Settlement Agreement requires the Company to pay, into a cy pres (non-profit) fund approved by the court, an amount equal to $18.0 million less the aggregate amount the Company pays towards the Class Claims and Costs. In accordance with ASC 855-10-55―Subsequent Events and ASC-20-50, Contingencies, the Company recognized a liability during the third quarter of 2013 in the amount of $18.0 million, which it deems the most probable payment amount. The Company denies all of the material allegations of the lawsuit and denies any and all liability or wrongdoing in connection with the conduct described in the lawsuit. If the Settlement Agreement is not approved by the court, the Company cannot predict the outcome of this litigation. | Year | Amount | ||||
2013 | $ | 52,531 | ||||
The Company is also a defendant in certain routine litigation matters encountered in the ordinary course of its business. Certain of these matters are covered to an extent by insurance. In the opinion of management, the resolution of these matters is not expected to have a material adverse effect on the Company's financial position, results of operations or liquidity. | 2014 | 43,774 | ||||
2015 | 33,584 | |||||
Consumer Financial Protection Bureau | 2016 | 26,332 | ||||
The Company has been advised by the Enforcement Division of the Consumer Financial Protection Bureau (the “CFPB”) that it is contemplating an enforcement action against the Company related to the improper preparation of certain court documents in connection with collections lawsuits initiated by the Company in Ohio, which were previously disclosed by the Company and for which it implemented a voluntarily reimbursement program for affected customers at an originally estimated cost to the Company of approximately $13.4 million before taxes, and a limited number of other issues that arose during the CFPB's 2012 examination. The Company has fully cooperated with the CFPB and continues to do so. Currently, the Company is seeking to negotiate a settlement to resolve all pending issues. The Company anticipates that a settlement will require, among other things, the payment of a civil money penalty and the enhancement of various procedures and controls. There is no certainty that a settlement will be successfully negotiated, or that the consequences of a settlement or an unsettled action will not have a material adverse impact on the Company's business, results of operations or financial position. Based upon the Company's assessment of the matter in accordance with ASC 450-20-20, Contingencies―Loss Contingencies―Glossary as of the date of filing this report on Form 10-Q, the Company currently expects that the CFPB enforcement action, including any monetary penalties or changes to its business that result from such enforcement action, will not have a material adverse impact on its business, results of operations or financial position. | 2017 | 16,913 | ||||
Thereafter | 34,288 | |||||
Total | $ | 207,422 | ||||
Rent expense was $55.4 million, $52.2 million and $46.6 million for the years ended December 31, 2012, 2011 and 2010, respectively. | ||||||
Guarantees | ||||||
The Company guarantees consumer loan payment obligations to unrelated third-party lenders through its CSO program and is required to purchase the loan in the event that a customer defaults on the loan. The guarantee represents an obligation to purchase specific loans that go into default. Short-term loans that are guaranteed generally have terms of less than 90 days. Secured auto equity loans that are guaranteed generally have terms up to 42 months. As of December 31, 2012 and 2011, the amount of consumer loans guaranteed by the Company was $64.7 million and $59.4 million, respectively, representing amounts due under consumer loans originated by third-party lenders under the CSO programs. The estimated fair value of the liability related to these guarantees of $3.5 million and $3.1 million as of December 31, 2012 and 2011, respectively, is included in “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. | ||||||
Litigation | ||||||
On August 6, 2004, James E. Strong filed a purported class action lawsuit in the State Court of Cobb County, Georgia against Georgia Cash America, Inc., Cash America International, Inc. (together with Georgia Cash America, Inc., “Cash America”), Daniel R. Feehan, and several unnamed officers, directors, owners and “stakeholders” of Cash America. The lawsuit alleges many different causes of action, among the most significant of which is that Cash America made illegal short-term loans in Georgia in violation of Georgia's usury law, the Georgia Industrial Loan Act and Georgia's Racketeer Influenced and Corrupt Organizations Act (“RICO”). First National Bank of Brookings, South Dakota (“FNB”) and Community State Bank of Milbank, South Dakota (“CSB”) for some time made loans to Georgia residents through Cash America's Georgia operating locations. The complaint in this lawsuit claims that Cash America was the true lender with respect to the loans made to Georgia borrowers and that FNB and CSB's involvement in the process is “a mere subterfuge.” Based on this claim, the suit alleges that Cash America was the “de facto” lender and was illegally operating in Georgia. The complaint seeks unspecified compensatory damages, attorney's fees, punitive damages and the trebling of any compensatory damages. In November 2009 the case was certified as a class action lawsuit. In August 2011, Cash America filed a motion for summary judgment, and in October 2011, the plaintiffs filed a cross-motion for partial summary judgment. Hearings on the motions were held in October and November 2011, and the trial court entered an order granting summary judgment in favor of Cash America on one of the plaintiff's claims, denying the remainder of Cash America's motion and granting the plaintiff's cross-motion for partial summary judgment. Cash America filed a notice of appeal with the Georgia Court of Appeals in December 2011 on the grant of plaintiff's partial summary judgment, and on November 6, 2012, the Georgia Court of Appeals reversed the trial court's grant of partial summary judgment to plaintiffs and affirmed the trial court's denial of Cash America's motion for summary judgment. Cash America filed a Petition for Certiorari with the Supreme Court of Georgia to appeal the decision of the Georgia Court of Appeals regarding Cash America's motion for summary judgment on November 26, 2012, which was denied on February 18, 2013. The Company is currently unable to estimate a range of reasonably possible losses, as defined by ASC 450-20-20, Contingencies—Loss Contingencies—Glossary, for this litigation. Cash America believes that the Plaintiffs' claims in this suit are without merit and is vigorously defending this lawsuit. | ||||||
The Company is also a defendant in certain routine litigation matters encountered in the ordinary course of its business. Certain of these matters are covered to an extent by insurance. In the opinion of management, the resolution of these matters is not expected to have a material adverse effect on the Company's financial position, results of operations or liquidity. | ||||||
Voluntary Reimbursements to Ohio Customers | ||||||
On December 4, 2012, the Company announced a voluntary program to fully reimburse approximately 14,000 Ohio customers for all funds collected, plus interest accrued from the date collected, in connection with legal collections proceedings initiated by the Company in Ohio from January 1, 2008 through December 4, 2012 (the “Ohio Reimbursements”). In 2012, the Company determined that a small number of employees did not prepare certain court documents in many of its Ohio legal collections proceedings in accordance with court rules. In connection with the reimbursement program, for all trial court collections proceedings filed by the Company in Ohio from January 1, 2008 through December 4, 2012, with the exception of one appellate matter, the Company is in the process of filing dismissals, terminating all existing post-judgment collections activities, and requesting to vacate each judgment entered and/or notifying credit reporting bureaus of the vacated judgments, as necessary, for each case. | ||||||
The Company estimates the cost of the reimbursement program and related expenses will be approximately $13.4 million before taxes and has recorded this amount in “Accounts payable and accrued expenses” in the consolidated balance sheets and in “Operations and administration expense” in the consolidated statements of income for the year ended December 31, 2012. |
Equity
Equity | 12 Months Ended | ||||||||||
Dec. 31, 2012 | |||||||||||
Equity [Abstract] | ' | ||||||||||
Equity | ' | ||||||||||
16. Equity | |||||||||||
Share Repurchases | |||||||||||
On January 24, 2013, the Company's Board of Directors authorized management to purchase up to a total of 2,500,000 shares of the Company's common stock at management's discretion in open market transactions and cancelled the Company's previous share repurchase authorization, which had been in place since January 26, 2011 (the “2011 Authorizations”). Prior to the 2011 Authorization, the Company repurchased its common stock under a share repurchase authorization that had been in place since October 24, 2007. The following table summarizes the aggregate shares purchased under these plans during each of the three years ended December 31: | |||||||||||
Year Ended December 31, | |||||||||||
2012 | 2011 | 2010 | |||||||||
Shares purchased under 2011 and 2007 authorization | 576,064 | 435,000 | 385,100 | ||||||||
Aggregate amount (in thousands) | $ | 22,509 | $ | 19,576 | $ | 13,583 | |||||
Average price paid per share | $ | 39.07 | $ | 45 | $ | 35.27 | |||||
Periodically, shares are purchased in the open market on behalf of participants relating to the Company's nonqualified deferred compensation plans. Certain amounts are subsequently distributed to participants. In January 2012, the Company purchased 1,211 shares of the Company's common stock from the rabbi trust that held the shares for the Nonqualified Savings Plan, which no longer permits investments in the Company's common stock. Activities during each of the three years ended December 31 are summarized as follows (dollars in thousands): | |||||||||||
Year Ended December 31, | |||||||||||
2012 | 2011 | 2010 | |||||||||
Purchases: | |||||||||||
Number of shares | 108 | 93 | 1,552 | ||||||||
Aggregate amount | $ | 4 | $ | 5 | $ | 58 | |||||
Sales: | |||||||||||
Number of shares | 1,211 | (a) | 9 | 1,727 | |||||||
Aggregate amount | $ | 25 | $ | - | $ | 36 | |||||
Distributions and transfers to 401(k) savings plan: | |||||||||||
Number of shares | 0 | 0 | 4 | ||||||||
Aggregate amount | $ | - | $ | - | $ | 0 | |||||
(a) | Represents shares purchased by the Company from the rabbi trust that held the shares for the Nonqualified Savings Plan. | ||||||||||
Accumulated Other Comprehensive Income (Loss) | |||||||||||
Components of accumulated other comprehensive income (loss), after tax, for the years ended December 31, 2012, 2011 and 2010 were as follows (dollars in thousands): | |||||||||||
As of December 31, | |||||||||||
2012 | 2011 | 2010 | |||||||||
Unrealized derivatives loss, net of tax | $ | -1 | $ | -13 | $ | -111 | |||||
Foreign currency translation gain (loss), net of tax | 2,875 | -6,077 | 6,210 | ||||||||
Marketable securities unrealized (gain) loss, net of tax | 254 | -806 | -1,302 | ||||||||
Accumulated other comprehensive income (loss) | $ | 3,128 | $ | -6,896 | $ | 4,797 |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | ||||||
Dec. 31, 2012 | |||||||
Employee Benefit Plans [Abstract] | ' | ||||||
Employee Benefit Plans | ' | ||||||
17. Employee Benefit Plans | |||||||
Prior to July 1, 2012, the Cash America International, Inc. 401(k) Savings Plan was open to substantially all U.S. employees. Effective on July 1, 2012, the Enova International, Inc. 401(k) Savings Plan was established and is open to substantially all employees in the Company's e-commerce segment. The Cash America International, Inc. 401(k) Savings Plan remains open to substantially all other U.S. employees. New employees are automatically enrolled in the applicable 401(k) Savings Plan unless they elect not to participate. The Cash America International, Inc. Nonqualified Savings Plan is available to certain members of management. The Enova International, Inc. Nonqualified Savings Plan was established effective July 1, 2012 and is available in lieu of the Cash America International, Inc. Nonqualified Savings Plan to certain members of management in the Company's e-commerce segment. Participants may contribute up to 75% of their eligible earnings to the applicable 401(k) Savings Plan, subject to regulatory and other plan restrictions. Nonqualified Savings Plan participants may contribute up to 100% of their annual bonus and up to 50% of their other eligible compensation to the applicable Nonqualified Savings Plan. The Company makes matching cash contributions of 50% of each participant's contributions, based on participant contributions of up to 5% of eligible compensation. Company contributions vest at the rate of 20% each year after one year of service; thus a participant is 100% vested after five years of service. The Company's consolidated contributions to the 401(k) Savings Plan and the Nonqualified Savings Plan were $4.7 million, $3.6 million and $2.8 million for the year ended December 31, 2012 and 2011 and 2010, respectively. | |||||||
In addition to the plans mentioned above, the Company established a Supplemental Executive Retirement Plan (“SERP”) for its officers in 2003. The Company established a separate SERP for officers in the Company's e-commerce segment in 2012. Under each of these defined contribution plans, the Company makes an annual supplemental cash contribution to each SERP based on the objectives of each plan as approved by the Management Development and Compensation Committee of the Board of Directors. The Company recorded consolidated compensation expense of $1.0 million, $0.9 million and $0.8 million for SERP contributions for the years ended December 31, 2012, 2011 and 2010, respectively. | |||||||
The Nonqualified Savings Plan and the SERP are nonqualified tax-deferred plans. Benefits under the Nonqualified Savings Plan and SERP are unfunded. As of December 31, 2012, the Company held securities in rabbi trusts to pay benefits under these plans. As of December 31, 2011 and 2010, the rabbi trust for the Cash America International, Inc. 401(k) Savings Plan also held shares of the Company's common stock. The securities other than Company stock are classified as trading securities and the unrealized gains and losses on these securities are netted with the costs of the plans in “Operations and administration expenses” in the consolidated statements of income. The Company's common stock held in the Cash America International, Inc. Nonqualified Savings Plan is included in treasury shares. | |||||||
Amounts included in the consolidated balance sheets relating to the Nonqualified Savings Plan and the SERP were as follows (dollars in thousands): | |||||||
As of December 31, | |||||||
2012 | 2011 | ||||||
Prepaid expenses and other assets | $ | 11,347 | $ | 8,264 | |||
Accounts payable and accrued expenses | 12,397 | 9,192 | |||||
Other liabilities | 581 | 616 | |||||
Treasury shares | 662 | 683 |
Derivative_Instruments
Derivative Instruments | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||
Derivative Instruments [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||
Derivative Instruments | ' | ' | ||||||||||||||||||||||||||||||||
13. Derivative Instruments | 18. Derivative Instruments | |||||||||||||||||||||||||||||||||
The Company periodically uses derivative instruments to manage risk from changes in market conditions that may affect the Company's financial performance. The Company primarily uses derivative instruments to manage its primary market risks, which are interest rate risk and foreign currency exchange rate risk. | The Company periodically uses derivative instruments to manage interest rate risk and foreign currency exchange rate risk. | |||||||||||||||||||||||||||||||||
The Company uses forward currency exchange contracts to hedge foreign currency risk in the United Kingdom and Australia. The Company's forward currency exchange contracts are non-designated derivatives. Any gain or loss resulting from these contracts is recorded as income or loss and is included in “Foreign currency transaction gain (loss)” in the Company's consolidated statements of income. | Prior to 2012, the Company used interest rate cap agreements for the purpose of managing interest rate exposure on its floating rate debt. For derivatives designated as cash flow hedges, the effective portions of changes in the estimated fair value of the derivative are reported in “Accumulated other comprehensive income (loss)” (or “OCI”) and are subsequently reclassified into earnings when the hedged item affects earnings. The change in the estimated fair value of the ineffective portion of the hedge, if any, was recorded as income or expense. | |||||||||||||||||||||||||||||||||
The Company's derivative instruments are presented in its financial statements on a net basis. The following table presents information related to the Company's derivative instruments as of September 30, 2013 and 2012 and December 31, 2012 (dollars in thousands): | On March 27, 2009, the Company entered into an interest rate cap agreement with a notional amount of $15.0 million to hedge the Company's outstanding floating rate line of credit for a term of 36 months at a fixed rate of 3.25%.This interest rate contract was determined to be a perfectly effective cash flow hedge, pursuant to ASC 815-20-25, at its inception and on an ongoing basis until its expiration in 2012. | |||||||||||||||||||||||||||||||||
The Company uses forward currency exchange contracts to hedge foreign currency risk in the United Kingdom and Australia, and, prior to 2012, in Mexico. The Company's forward currency exchange contracts are non-designated derivatives. Any gain or loss resulting from these contracts is recorded as income or loss and is included in “Foreign currency transaction (loss) gain” in the Company's consolidated statements of income. | ||||||||||||||||||||||||||||||||||
Assets | As of September 30, 2013 | The fair values of the Company's derivative instruments as of December 31, 2012 and 2011 were as follows (dollars in thousands): | ||||||||||||||||||||||||||||||||
Non-designated derivatives: | Notional Amount | Gross Amounts of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheet(a) | Net Amounts of Assets Presented in the Consolidated Balance Sheet(b) | ||||||||||||||||||||||||||||||
Forward currency exchange contracts | $ | 97,290 | $ | - | $ | -790 | $ | -790 | Balance as of December 31, | |||||||||||||||||||||||||
Assets | Balance Sheet Location | 2012 | 2011 | |||||||||||||||||||||||||||||||
Assets | As of Septebmer 30, 2012 | Derivatives designated as hedges: | Notional Amount | Fair Value | Notional Amount | Fair Value | ||||||||||||||||||||||||||||
Non-designated derivatives: | Notional Amount | Gross Amounts of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheet(a) | Net Amounts of Assets Presented in the Consolidated Balance Sheet(b) | Interest rate contracts | Prepaid expenses and other assets | $ | - | $ | - | $ | 15,000 | $ | - | ||||||||||||||||||||
Forward currency exchange contracts | $ | 93,642 | $ | - | $ | -307 | $ | -307 | ||||||||||||||||||||||||||
Non-designated derivatives: | ||||||||||||||||||||||||||||||||||
Assets | As of December 31, 2012 | Forward currency exchange contracts | Prepaid expenses and other assets | $ | 93,813 | $ | -406 | $ | 80,375 | $ | 260 | |||||||||||||||||||||||
Non-designated derivatives: | Notional Amount | Gross Amounts of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheet(a) | Net Amounts of Assets Presented in the Consolidated Balance Sheet(b) | The following table presents information on the effect of derivative instruments on the consolidated results of operations and OCI for the years ended December 31, 2012 and 2011 (dollars in thousands): | |||||||||||||||||||||||||||||
Forward currency exchange contracts | $ | 93,813 | $ | - | $ | -406 | $ | -406 | ||||||||||||||||||||||||||
(a) As of September 30, 2013, the Company had no gross amounts of recognized derivative instruments that the Company makes an accounting policy election not to offset. In addition, there is no financial collateral related to the Company's derivatives. The Company has no liabilities that are subject to an enforceable master netting agreement or similar arrangement. | ||||||||||||||||||||||||||||||||||
(b) Represents the fair value of forward currency exchange contracts, which is recorded in “Prepaid expenses and other assets” in the consolidated balance sheets. | Gains (Losses) Recognized in Income | Gains (Losses) Recognized in OCI | Gains (Losses) Reclassified From OCI into Income | |||||||||||||||||||||||||||||||
The following table presents information on the effect of derivative instruments on the consolidated results of operations and AOCI for the three and nine months ended September 30, 2013 and 2012 (dollars in thousands): | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | |||||||||||||||||||||||||||||||
2012 | 2011 | 2012 | 2011 | 2012 | 2011 | |||||||||||||||||||||||||||||
Derivatives designated as hedges: | ||||||||||||||||||||||||||||||||||
Gains (Losses) Recognized in Income | Gains Recognized in AOCI | Gains (Losses) Reclassified From AOCI into Income | Interest rate contracts | $ | ─ | $ | ─ | $ | 12 | $ | 98 | $ | ─ | $ | ─ | |||||||||||||||||||
Three Months Ended | Three Months Ended | Three Months Ended | Total | $ | ─ | $ | ─ | $ | 12 | $ | 98 | $ | ─ | $ | ─ | |||||||||||||||||||
September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | Non-designated derivatives: | ||||||||||||||||||||||||||||
Non-designated derivatives: | Forward currency exchange contracts(a) | $ | -4,794 | $ | 3,159 | $ | ─ | $ | ─ | $ | ─ | $ | ─ | |||||||||||||||||||||
Forward currency exchange contracts(a) | $ | -5,432 | $ | -4,097 | $ | - | $ | - | $ | - | $ | - | Total | $ | -4,794 | $ | 3,159 | $ | ─ | $ | ─ | $ | ─ | $ | ─ | |||||||||
Total | $ | -5,432 | $ | -4,097 | $ | - | $ | - | $ | - | $ | - | The gains/(losses) shown on these derivatives substantially offset the gain or loss on the hedged portion of foreign intercompany balances. | |||||||||||||||||||||
Gains (Losses) Recognized in Income | Gains Recognized in AOCI | Gains (Losses) Reclassified From AOCI into Income | (a) | |||||||||||||||||||||||||||||||
Nine Months Ended | Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||
Derivatives designated as hedges: | ||||||||||||||||||||||||||||||||||
Interest rate contracts | $ | - | $ | - | $ | - | $ | 12 | $ | - | $ | - | ||||||||||||||||||||||
Total | $ | - | $ | - | $ | - | $ | 12 | $ | - | $ | - | ||||||||||||||||||||||
Non-designated derivatives: | ||||||||||||||||||||||||||||||||||
Forward currency exchange contracts(a) | $ | -181 | $ | -5,118 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||
Total | $ | -181 | $ | -5,118 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||
The gains/(losses) on these derivatives substantially offset the (losses)/gains on the hedged portion of foreign intercompany balances. | ||||||||||||||||||||||||||||||||||
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | ||||||||||||||
Dec. 31, 2012 | |||||||||||||||
Stock-Based Compensation [Abstract] | ' | ||||||||||||||
Stock-Based Compensation | ' | ||||||||||||||
19. Stock-Based Compensation | |||||||||||||||
Under the Cash America International, Inc. First Amended and Restated 2004 Long-Term Incentive Plan, as amended, (the “2004 Plan”), the Company is authorized to issue 2,700,000 shares of Common Stock pursuant to “Awards” granted as incentive stock options (intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended), nonqualified stock options, restricted stock units, restricted stock, performance shares, stock appreciation rights or other stock-based awards. Since 2004, restricted stock unit (“RSU”) awards are the only stock-based awards granted under the Plan. As of December 31, 2012, there were 1,743,494 shares available for future grants under the Plan. | |||||||||||||||
Historically, the Company has repurchased its shares on the open market from time to time pursuant to an authorization from the Board of Directors of the Company and held the shares in treasury. The Company reissued those shares upon stock option exercises and upon the issuance of shares when restricted stock units vest under the Company's stock-based compensation plans. See Note 16 for further discussion of the Company's share repurchase plans. | |||||||||||||||
During the years ended December 31, 2012, 2011 and 2010, the Company received net proceeds totaling $1.8 million, $0.4 million and $2.0 million from the exercise of stock options that were granted under the Company's previous stock-based compensation plans for 198,900, 48,400 and 204,245 shares, respectively. | |||||||||||||||
The Company received 63,066, 22,339 and 23,330 shares during the years ended December 31, 2012, 2011 and 2010, respectively, of its common stock valued at approximately $2.6 million, $0.9 million and $0.9 million, respectively, as partial payment of taxes for the issuance of shares upon vesting of restricted stock units. | |||||||||||||||
Stock Options | |||||||||||||||
There were no stock options outstanding as of December 31, 2012. A summary of the Company's stock option activity for each of the years ended December 31, 2012, 2011 and 2010 is as follows: | |||||||||||||||
Year Ended December 31, | |||||||||||||||
2012 | 2011 | 2010 | |||||||||||||
Weighted | Weighted | Weighted | |||||||||||||
Average | Average | Average | |||||||||||||
Exercise | Exercise | Exercise | |||||||||||||
Shares | Price | Shares | Price | Shares | Price | ||||||||||
Outstanding at beginning of year | 198,900 | $ | 8.95 | 247,300 | $ | 8.83 | 451,545 | $ | 9.29 | ||||||
Exercised | -198,900 | 8.95 | -48,400 | 8.34 | -204,245 | 9.85 | |||||||||
Outstanding at end of year | - | $ | - | 198,900 | $ | 8.95 | 247,300 | $ | 8.83 | ||||||
Exercisable at end of year | - | $ | - | 198,900 | $ | 8.95 | 247,300 | $ | 8.83 | ||||||
Income tax benefits realized from the exercise of stock options for the years ended December 31, 2012, 2011 and 2010 were $2.2 million, $0.7 million and $1.9 million, respectively, and were recorded as an increase in “Additional paid-in capital” in the consolidated statements of equity. | |||||||||||||||
Restricted Stock Units | |||||||||||||||
The Company has granted RSUs to Company officers, certain employees and to the non-management members of the Board of Directors. RSUs are granted under the 2004 Plan. Each vested RSU entitles the holder to receive a share of the common stock of the Company. For Company officers and certain employees, the shares are to be issued upon vesting of the RSUs or, for certain awards granted to officers, upon the officer's separation from employment with the Company. For members of the Board of Directors, vested RSUs will be issued upon the director's separation from the Board with respect to awards granted prior to 2011, and for awards granted during 2011, upon the earlier of vesting or separation from the Board if certain requirements have been satisfied. Vested awards granted to members of the Board of Directors during 2012 will be issued 13 months after the grant date. Certain officers and members of the Board of Directors have elected to defer receipt of shares to be issued under vested RSUs to dates that are later than those described above. | |||||||||||||||
As of December 31, 2012, the outstanding RSUs granted to Company officers and certain employees had original vesting periods ranging from one to 15 years. For executive officers of the Company, a portion of these annual grants vest over time and a portion of these annual grants vest subject to the Company's achievement of certain performance objectives. With respect to the RSU's granted to members of the Board of Directors before 2012, one-fourth of the RSUs vest on each of the first four grant date anniversaries, except that after the 360th day following the grant date, any unvested RSUs for directors who have served on the Board of Directors for five or more years will automatically become fully vested if such director's service with the Board of Directors is terminated. One-twelfth of the RSUs granted to members of the Board of Directors during 2012 vest on the last day of each of the first 12 calendar months beginning with the month in which the awards were granted. For purposes of ASC 718-10-30, Compensation – Stock Compensation – Overall – Initial Measurement, the grant date fair value of each RSU is based on the Company's closing stock price on the day before the grant date, and the total grant date fair value of performance RSUs is based on the Company's estimate at the time of the grant of the most probable outcome expected to be achieved. The awards granted to the Company's executive officers in 2010, 2011 and 2012 contain clawback provisions. The total grant date value of RSU grants is amortized to expense over the vesting periods. | |||||||||||||||
Compensation expense related to RSUs totaling $4.8 million ($3.0 million net of related taxes), $4.9 million ($3.1 million net of related taxes) and $3.8 million ($2.4 million net of related taxes) was recognized for 2012, 2011 and 2010, respectively. Total unrecognized compensation cost related to RSUs as of December 31, 2012 was $10.3 million, which will be recognized over a weighted average vesting period of approximately 2.3 years. | |||||||||||||||
The following table summarizes the RSU activity during 2012, 2011 and 2010: | |||||||||||||||
Year Ended December 31, | |||||||||||||||
2012 | 2011 | 2010 | |||||||||||||
Weighted | Weighted | Weighted | |||||||||||||
Average | Average | Average | |||||||||||||
Fair Value | Fair Value | Fair Value | |||||||||||||
at Date of | at Date of | at Date of | |||||||||||||
Units | Grant | Units | Grant | Units | Grant | ||||||||||
Outstanding at beginning of year | 710,591 | $ | 29.53 | 596,648 | $ | 25.78 | 546,876 | $ | 22.77 | ||||||
Units granted | 178,144 | 43.36 | 200,819 | 40.15 | 162,552 | 35.7 | |||||||||
Shares issued | -108,170 | 29.74 | -82,982 | 28.1 | -85,676 | 25.26 | |||||||||
Units forfeited | -8,243 | 41.22 | -3,894 | 34.44 | -27,104 | 26.25 | |||||||||
Outstanding at end of year | 772,322 | $ | 32.57 | 710,591 | $ | 29.53 | 596,648 | $ | 25.78 | ||||||
Units vested at end of year | 303,781 | $ | 24.85 | 244,897 | $ | 24.03 | 222,529 | $ | 23.2 | ||||||
The outstanding RSUs had an aggregate intrinsic value of $30.6 million and the outstanding vested RSUs had an aggregate intrinsic value of $12.1 million as of December 31, 2012. |
Supplemental_Disclosures_Of_Ca
Supplemental Disclosures Of Cash Flow Information | 12 Months Ended | ||||||||||
Dec. 31, 2012 | |||||||||||
Supplemental Disclosures Of Cash Flow Information [Abstract] | ' | ||||||||||
Supplemental Disclosures Of Cash Flow Information | ' | ||||||||||
20. Supplemental Disclosures of Cash Flow Information | |||||||||||
The following table sets forth certain cash and non-cash activities for the years ended December 31 (dollars in thousands): | |||||||||||
Year Ended December 31, | |||||||||||
2012 | 2011 | 2010 | |||||||||
Cash paid during the year for: | |||||||||||
Interest | $ | 22,520 | $ | 23,974 | $ | 17,648 | |||||
Income taxes | 92,131 | 43,513 | 65,974 | ||||||||
Non-cash investing and financing activities: | |||||||||||
Pawn loans forfeited and transferred to merchandise held for disposition | $ | 350,122 | $ | 334,869 | $ | 297,045 | |||||
Pawn loans renewed | 279,553 | 207,661 | 134,539 | ||||||||
Consumer loans renewed | 629,516 | 571,651 | 416,168 | ||||||||
Liabilities assumed in acquisitions | 1,207 | 333 | 1,602 | ||||||||
Fair value of shares paid for acquisition | - | - | 10,854 | ||||||||
Capitalized interest on software development | - | 558 | 730 | ||||||||
Shares received for payment of receivables | 383 | - | - | ||||||||
Release of minority shareholders from contingent liability | 2,758 | - | - |
Operating_Segment_Information
Operating Segment Information | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting, Measurement Disclosures [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Operating Segment Information | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
10. Operating Segment Information | 21. Operating Segment Information | |||||||||||||||||||||||||||||||||||||||||||||||||
The Company has two reportable operating segments: retail services and e-commerce. The retail services segment includes all of the operations of the Company's Retail Services Division, which is composed of both domestic and foreign storefront locations that offer some or all of the following services: pawn loans, consumer loans, the purchase and sale of merchandise, check cashing and other ancillary services such as money orders, wire transfers, prepaid debit cards, tax filing services and auto insurance. Most of these ancillary services offered in the retail services segment are provided through third-party vendors. The e-commerce segment includes the operations of the Company's E-Commerce Division, which is composed of the Company's domestic and foreign online lending channels through which the Company offers consumer loans. In the e-commerce segment, certain administration expenses are allocated between the domestic and foreign components based on the amount of loans written and renewed. | ||||||||||||||||||||||||||||||||||||||||||||||||||
The Company has two reportable operating segments: retail services and e-commerce. The retail services segment includes all of the operations of the Company's Retail Services Division, which is composed of both domestic and foreign storefront locations that offer some or all of the following services: pawn loans, consumer loans, the purchase and sale of merchandise, check cashing and other ancillary services such as money orders, wire transfers, prepaid debit cards, tax filing services and auto insurance. Most of these ancillary services offered in the retail services segment are provided through third-party vendors. The e-commerce segment includes the operations of the Company's E-Commerce Division, which is composed of the Company's domestic and foreign online lending channels through which the Company offers consumer loans. In the e-commerce segment, certain administration expenses are allocated between the domestic and foreign components based on the amount of loans written and renewed. The Company reports corporate operations separately from its retail services and e-commerce segment information. Corporate operations primarily include corporate expenses, such as legal, occupancy, executive oversight, insurance and risk management, public and government relations, internal audit, treasury, payroll, compliance and licensing, finance, accounting, tax and information systems (except for online lending systems, which are included in the e-commerce segment). Corporate income includes miscellaneous income not directly attributable to the Company's segments. Corporate assets primarily include corporate property and equipment, nonqualified savings plan assets, marketable securities, foreign exchange forward contracts and prepaid insurance. | ||||||||||||||||||||||||||||||||||||||||||||||||||
During the first quarter of 2012, the Company changed the presentation of its operating segment information to report corporate operations separately from its retail services and e-commerce segment information. Corporate administrative expense, which was previously allocated to each segment based on personnel expense, is included under the “Corporate” heading in the following tables. For comparison purposes, operations and administration expenses for prior years have been conformed to the current presentation. Corporate operations primarily include corporate expenses, such as legal, occupancy, and other costs related to corporate service functions, such as executive oversight, insurance and risk management, public and government relations, internal audit, treasury, payroll, compliance and licensing, finance, accounting, tax and information systems (except for online lending systems, which are included in the e-commerce segment). Corporate income includes miscellaneous income not directly attributable to the Company's segments. Corporate assets primarily include: corporate property and equipment, nonqualified savings plan assets, marketable securities, foreign exchange forward contracts and prepaid insurance. | ||||||||||||||||||||||||||||||||||||||||||||||||||
The following tables contain operating segment data for the three and nine months ended September 30, 2013 and 2012 by segment, for the Company's corporate operations and on a consolidated basis (dollars in thousands): | ||||||||||||||||||||||||||||||||||||||||||||||||||
The following tables contain operating segment data for the years ended December 31, 2012, 2011 and 2010 (dollars in thousands): | ||||||||||||||||||||||||||||||||||||||||||||||||||
Retail Services | E-Commerce | Retail Services | E-Commerce | |||||||||||||||||||||||||||||||||||||||||||||||
Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | |||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Revenue | Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||
Pawn loan fees and service charges | $ | 77,532 | $ | 1,766 | $ | 79,298 | $ | - | $ | - | $ | - | $ | - | $ | 79,298 | Pawn loan fees and service charges | $ | 288,161 | $ | 12,768 | $ | 300,929 | $ | - | $ | - | $ | - | $ | - | $ | 300,929 | |||||||||||||||||
Proceeds from disposition of merchandise | 124,352 | 4,308 | 128,660 | - | - | - | - | 128,660 | Proceeds from disposition of merchandise | 657,104 | 46,663 | 703,767 | - | - | - | - | 703,767 | |||||||||||||||||||||||||||||||||
Consumer loan fees | 29,504 | - | 29,504 | 104,954 | 93,105 | 198,059 | - | 227,563 | Consumer loan fees | 121,892 | - | 121,892 | 332,752 | 326,876 | 659,628 | - | 781,520 | |||||||||||||||||||||||||||||||||
Other | 1,731 | 66 | 1,797 | 249 | 69 | 318 | 165 | 2,280 | Other | 9,028 | 1,209 | 10,237 | 1,326 | 33 | 1,359 | 2,618 | 14,214 | |||||||||||||||||||||||||||||||||
Total revenue | 233,119 | 6,140 | 239,259 | 105,203 | 93,174 | 198,377 | 165 | 437,801 | Total revenue | 1,076,185 | 60,640 | 1,136,825 | 334,078 | 326,909 | 660,987 | 2,618 | 1,800,430 | |||||||||||||||||||||||||||||||||
Cost of revenue | Cost of revenue | |||||||||||||||||||||||||||||||||||||||||||||||||
Disposed merchandise | 87,530 | 3,571 | 91,101 | - | - | - | - | 91,101 | Disposed merchandise | 437,099 | 41,080 | 478,179 | - | - | - | - | 478,179 | |||||||||||||||||||||||||||||||||
Consumer loan loss provision | 10,037 | - | 10,037 | 49,225 | 40,431 | 89,656 | - | 99,693 | Consumer loan loss provision | 29,225 | - | 29,225 | 143,006 | 144,063 | 287,069 | - | 316,294 | |||||||||||||||||||||||||||||||||
Total cost of revenue | 97,567 | 3,571 | 101,138 | 49,225 | 40,431 | 89,656 | - | 190,794 | Total cost of revenue | 466,324 | 41,080 | 507,404 | 143,006 | 144,063 | 287,069 | - | 794,473 | |||||||||||||||||||||||||||||||||
Net revenue | 135,552 | 2,569 | 138,121 | 55,978 | 52,743 | 108,721 | 165 | 247,007 | Net revenue | 609,861 | 19,560 | 629,421 | 191,072 | 182,846 | 373,918 | 2,618 | 1,005,957 | |||||||||||||||||||||||||||||||||
Expenses | Expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Operations and administration | 111,220 | 2,831 | 114,051 | 38,662 | 31,755 | 70,417 | 15,237 | 199,705 | Operations and administration | 369,174 | 44,287 | 413,461 | 116,202 | 118,156 | 234,358 | 66,795 | 714,614 | |||||||||||||||||||||||||||||||||
Depreciation and amortization | 9,878 | 764 | 10,642 | 3,252 | 706 | 3,958 | 4,183 | 18,783 | Depreciation and amortization | 30,978 | 16,634 | 47,612 | 11,987 | 1,285 | 13,272 | 14,544 | 75,428 | |||||||||||||||||||||||||||||||||
Total expenses | 121,098 | 3,595 | 124,693 | 41,914 | 32,461 | 74,375 | 19,420 | 218,488 | Total expenses | 400,152 | 60,921 | 461,073 | 128,189 | 119,441 | 247,630 | 81,339 | 790,042 | |||||||||||||||||||||||||||||||||
Income (loss) from operations | $ | 14,454 | $ | -1,026 | $ | 13,428 | $ | 14,064 | $ | 20,282 | $ | 34,346 | $ | -19,255 | $ | 28,519 | Income (loss) from operations | $ | 209,709 | $ | -41,361 | $ | 168,348 | $ | 62,883 | $ | 63,405 | $ | 126,288 | $ | -78,721 | $ | 215,915 | |||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 1,102,152 | $ | 120,131 | $ | 1,222,283 | $ | 420,914 | $ | 216,341 | $ | 637,255 | $ | 131,791 | $ | 1,991,329 | Interest Expense | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -29,131 | $ | -29,131 | |||||||||||||||||
Goodwill | $ | 459,669 | $ | 210,368 | $ | 670,037 | Equity in loss of unconsolidated subsidiary | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -295 | $ | -295 | |||||||||||||||||||||||||||
Retail Services | E-Commerce | Provision for income taxes | $ | 77,474 | $ | 2,183 | $ | 79,657 | $ | 16,556 | $ | 21,947 | $ | 38,503 | $ | -33,504 | $ | 84,656 | ||||||||||||||||||||||||||||||||
Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | Expenditures for property and equipment | $ | 43,028 | $ | 3,773 | $ | 46,801 | $ | 15,498 | $ | 2,374 | $ | 17,872 | $ | 14,726 | $ | 79,399 | ||||||||||||||||||||||||||
Three Months September 30, 2012 | As of December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Revenue | Total assets | $ | 1,031,431 | $ | 85,607 | $ | 1,117,038 | $ | 391,068 | $ | 179,554 | $ | 570,622 | $ | 130,598 | $ | 1,818,258 | |||||||||||||||||||||||||||||||||
Pawn loan fees and service charges | $ | 73,209 | $ | 3,291 | $ | 76,500 | $ | - | $ | - | $ | - | $ | - | $ | 76,500 | Goodwill | $ | 397,845 | $ | 210,371 | $ | 608,216 | |||||||||||||||||||||||||||
Proceeds from disposition of merchandise | 141,088 | 12,405 | 153,493 | - | - | - | - | 153,493 | Retail Services | E-Commerce | ||||||||||||||||||||||||||||||||||||||||
Consumer loan fees | 31,445 | - | 31,445 | 89,342 | 84,307 | 173,649 | - | 205,094 | Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | ||||||||||||||||||||||||||||||||||
Other | 1,938 | 252 | 2,190 | 374 | 14 | 388 | 2,029 | 4,607 | ||||||||||||||||||||||||||||||||||||||||||
Total revenue | 247,680 | 15,948 | 263,628 | 89,716 | 84,321 | 174,037 | 2,029 | 439,694 | Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||
Cost of revenue | Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||
Disposed merchandise | 96,315 | 10,603 | 106,918 | - | - | - | - | 106,918 | Pawn loan fees and service charges | $ | 261,829 | $ | 20,368 | $ | 282,197 | $ | - | $ | - | $ | - | $ | - | $ | 282,197 | |||||||||||||||||||||||||
Consumer loan loss provision | 8,061 | - | 8,061 | 42,877 | 33,361 | 76,238 | - | 84,299 | Proceeds from disposition of merchandise | 636,698 | 52,156 | 688,854 | 30 | - | 30 | - | 688,884 | |||||||||||||||||||||||||||||||||
Total cost of revenue | 104,376 | 10,603 | 114,979 | 42,877 | 33,361 | 76,238 | - | 191,217 | Consumer loan fees | 119,192 | - | 119,192 | 254,152 | 225,302 | 479,454 | - | 598,646 | |||||||||||||||||||||||||||||||||
Net revenue | 143,304 | 5,345 | 148,649 | 46,839 | 50,960 | 97,799 | 2,029 | 248,477 | Other | 11,170 | 545 | 11,715 | 593 | 286 | 879 | 743 | 13,337 | |||||||||||||||||||||||||||||||||
Expenses | Total revenue | 1,028,889 | 73,069 | 1,101,958 | 254,775 | 225,588 | 480,363 | 743 | 1,583,064 | |||||||||||||||||||||||||||||||||||||||||
Operations and administration | 84,874 | 14,205 | 99,079 | 33,397 | 31,051 | 64,448 | 17,688 | 181,215 | Cost of revenue | |||||||||||||||||||||||||||||||||||||||||
Depreciation and amortization | 7,808 | 12,264 | 20,072 | 3,037 | 342 | 3,379 | 3,623 | 27,074 | Disposed merchandise | 405,132 | 42,462 | 447,594 | 23 | - | 23 | - | 447,617 | |||||||||||||||||||||||||||||||||
Total expenses | 92,682 | 26,469 | 119,151 | 36,434 | 31,393 | 67,827 | 21,311 | 208,289 | Consumer loan loss provision | 24,001 | - | 24,001 | 90,535 | 111,152 | 201,687 | - | 225,688 | |||||||||||||||||||||||||||||||||
Income (loss) from operations | $ | 50,622 | $ | -21,124 | $ | 29,498 | $ | 10,405 | $ | 19,567 | $ | 29,972 | $ | -19,282 | $ | 40,188 | Total cost of revenue | 429,133 | 42,462 | 471,595 | 90,558 | 111,152 | 201,710 | - | 673,305 | |||||||||||||||||||||||||
As of September 30, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 993,598 | $ | 111,610 | $ | 1,105,208 | $ | 382,459 | $ | 174,665 | $ | 557,124 | $ | 130,075 | $ | 1,792,407 | Net revenue | 599,756 | 30,607 | 630,363 | 164,217 | 114,436 | 278,653 | 743 | 909,759 | |||||||||||||||||||||||||
Goodwill | $ | 388,965 | $ | 210,372 | $ | 599,337 | Expenses | |||||||||||||||||||||||||||||||||||||||||||
Retail Services | E-Commerce | Operations and administration | 339,247 | 33,604 | 372,851 | 88,577 | 84,544 | 173,121 | 65,296 | 611,268 | ||||||||||||||||||||||||||||||||||||||||
Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | Depreciation and amortization | 26,165 | 5,871 | 32,036 | 10,413 | 850 | 11,263 | 10,850 | 54,149 | ||||||||||||||||||||||||||||||||||
Total expenses | 365,412 | 39,475 | 404,887 | 98,990 | 85,394 | 184,384 | 76,146 | 665,417 | ||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Income (loss) from operations | $ | 234,344 | $ | -8,868 | $ | 225,476 | $ | 65,227 | $ | 29,042 | $ | 94,269 | $ | -75,403 | $ | 244,342 | |||||||||||||||||||||||||||||||||
Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
Pawn loan fees and service charges | $ | 222,508 | $ | 5,432 | $ | 227,940 | $ | - | $ | - | $ | - | $ | - | $ | 227,940 | Interest Expense | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -25,528 | $ | -25,528 | |||||||||||||||||
Proceeds from disposition of merchandise | 425,716 | 13,193 | 438,909 | - | - | - | - | 438,909 | Equity in loss of unconsolidated subsidiary | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -104 | $ | -104 | |||||||||||||||||||||||||
Consumer loan fees | 84,473 | - | 84,473 | 283,097 | 272,629 | 555,726 | - | 640,199 | Provision for income taxes | $ | 87,940 | $ | -5,187 | $ | 82,753 | $ | 18,611 | $ | 9,474 | $ | 28,085 | $ | -28,478 | $ | 82,360 | |||||||||||||||||||||||||
Other | 6,149 | 988 | 7,137 | 1,051 | 92 | 1,143 | 1,552 | 9,832 | Expenditures for property and equipment | $ | 39,038 | $ | 8,345 | $ | 47,383 | $ | 13,866 | $ | 1,207 | $ | 15,073 | $ | 12,593 | $ | 75,049 | |||||||||||||||||||||||||
Total revenue | 738,846 | 19,613 | 758,459 | 284,148 | 272,721 | 556,869 | 1,552 | 1,316,880 | ||||||||||||||||||||||||||||||||||||||||||
Cost of revenue | As of December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||
Disposed merchandise | 290,569 | 10,828 | 301,397 | - | - | - | - | 301,397 | Total assets | $ | 941,801 | $ | 117,470 | $ | 1,059,271 | $ | 352,244 | $ | 135,774 | $ | 488,018 | $ | 126,960 | $ | 1,674,249 | |||||||||||||||||||||||||
Consumer loan loss provision | 23,927 | - | 23,927 | 112,391 | 115,456 | 227,847 | - | 251,774 | Goodwill | $ | 352,439 | $ | 210,282 | $ | 562,721 | |||||||||||||||||||||||||||||||||||
Total cost of revenue | 314,496 | 10,828 | 325,324 | 112,391 | 115,456 | 227,847 | - | 553,171 | Retail Services | E-Commerce | ||||||||||||||||||||||||||||||||||||||||
Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | |||||||||||||||||||||||||||||||||||||||||||
Net revenue | 424,350 | 8,785 | 433,135 | 171,757 | 157,265 | 329,022 | 1,552 | 763,709 | ||||||||||||||||||||||||||||||||||||||||||
Expenses | Year Ended December 31, 2010 | |||||||||||||||||||||||||||||||||||||||||||||||||
Operations and administration | 291,409 | 10,003 | 301,412 | 99,906 | 101,200 | 201,106 | 51,524 | 554,042 | Revenue | |||||||||||||||||||||||||||||||||||||||||
Depreciation and amortization | 27,579 | 1,593 | 29,172 | 10,885 | 2,101 | 12,986 | 12,156 | 54,314 | Pawn loan fees and service charges | $ | 221,335 | $ | 22,378 | $ | 243,713 | $ | - | $ | - | $ | - | $ | - | $ | 243,713 | |||||||||||||||||||||||||
Total expenses | 318,988 | 11,596 | 330,584 | 110,791 | 103,301 | 214,092 | 63,680 | 608,356 | Proceeds from disposition of merchandise | 534,878 | 53,312 | 588,190 | - | - | - | - | 588,190 | |||||||||||||||||||||||||||||||||
Income (loss) from operations | $ | 105,362 | $ | -2,811 | $ | 102,551 | $ | 60,966 | $ | 53,964 | $ | 114,930 | $ | -62,128 | $ | 155,353 | Consumer loan fees | 113,973 | - | 113,973 | 275,036 | 101,943 | 376,979 | - | 490,952 | |||||||||||||||||||||||||
Retail Services | E-Commerce | Other | 10,875 | 303 | 11,178 | 1,259 | 79 | 1,338 | 1,679 | 14,195 | ||||||||||||||||||||||||||||||||||||||||
Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | Total revenue | 881,061 | 75,993 | 957,054 | 276,295 | 102,022 | 378,317 | 1,679 | 1,337,050 | ||||||||||||||||||||||||||||||||||
Cost of revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | Disposed merchandise | 338,756 | 43,711 | 382,467 | - | - | - | - | 382,467 | |||||||||||||||||||||||||||||||||||||||||
Revenue | Consumer loan loss provision | 17,437 | - | 17,437 | 116,246 | 48,711 | 164,957 | - | 182,394 | |||||||||||||||||||||||||||||||||||||||||
Pawn loan fees and service charges | $ | 210,807 | $ | 10,643 | $ | 221,450 | $ | - | $ | - | $ | - | $ | - | $ | 221,450 | Total cost of revenue | 356,193 | 43,711 | 399,904 | 116,246 | 48,711 | 164,957 | - | 564,861 | |||||||||||||||||||||||||
Proceeds from disposition of merchandise | 481,558 | 36,274 | 517,832 | - | - | - | - | 517,832 | ||||||||||||||||||||||||||||||||||||||||||
Consumer loan fees | 89,396 | - | 89,396 | 232,268 | 236,992 | 469,260 | - | 558,656 | Net revenue | 524,868 | 32,282 | 557,150 | 160,049 | 53,311 | 213,360 | 1,679 | 772,189 | |||||||||||||||||||||||||||||||||
Other | 7,085 | 512 | 7,597 | 827 | 19 | 846 | 2,445 | 10,888 | Expenses | |||||||||||||||||||||||||||||||||||||||||
Total revenue | 788,846 | 47,429 | 836,275 | 233,095 | 237,011 | 470,106 | 2,445 | 1,308,826 | Operations and administration | 304,467 | 25,295 | 329,762 | 93,928 | 42,242 | 136,170 | 55,202 | 521,134 | |||||||||||||||||||||||||||||||||
Cost of revenue | Depreciation and amortization | 21,771 | 5,525 | 27,296 | 8,283 | 276 | 8,559 | 8,068 | 43,923 | |||||||||||||||||||||||||||||||||||||||||
Disposed merchandise | 318,788 | 32,090 | 350,878 | - | - | - | - | 350,878 | Total expenses | 326,238 | 30,820 | 357,058 | 102,211 | 42,518 | 144,729 | 63,270 | 565,057 | |||||||||||||||||||||||||||||||||
Consumer loan loss provision | 19,130 | - | 19,130 | 95,474 | 104,475 | 199,949 | - | 219,079 | Income (loss) from operations | $ | 198,630 | $ | 1,462 | $ | 200,092 | $ | 57,838 | $ | 10,793 | $ | 68,631 | $ | -61,591 | $ | 207,132 | |||||||||||||||||||||||||
Total cost of revenue | 337,918 | 32,090 | 370,008 | 95,474 | 104,475 | 199,949 | - | 569,957 | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -22,345 | $ | -22,345 | ||||||||||||||||||||||||||||||||||
Net revenue | 450,928 | 15,339 | 466,267 | 137,621 | 132,536 | 270,157 | 2,445 | 738,869 | Equity in loss of unconsolidated subsidiary | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -136 | $ | -136 | |||||||||||||||||||||||||
Expenses | Provision for income taxes | $ | 73,257 | $ | -847 | $ | 72,410 | $ | 15,148 | $ | 3,274 | $ | 18,422 | $ | -21,563 | $ | 69,269 | |||||||||||||||||||||||||||||||||
Operations and administration | 264,337 | 30,221 | 294,558 | 82,986 | 85,552 | 168,538 | 52,464 | 515,560 | Expenditures for property and equipment | $ | 24,943 | $ | 6,259 | $ | 31,202 | $ | 9,710 | $ | 2,977 | $ | 12,687 | $ | 15,808 | $ | 59,697 | |||||||||||||||||||||||||
Depreciation and amortization | 22,454 | 14,513 | 36,967 | 8,376 | 905 | 9,281 | 10,634 | 56,882 | ||||||||||||||||||||||||||||||||||||||||||
Total expenses | 286,791 | 44,734 | 331,525 | 91,362 | 86,457 | 177,819 | 63,098 | 572,442 | As of December 31, 2010 | |||||||||||||||||||||||||||||||||||||||||
Income (loss) from operations | $ | 164,137 | $ | -29,395 | $ | 134,742 | $ | 46,259 | $ | 46,079 | $ | 92,338 | $ | -60,653 | $ | 166,427 | Total assets | 808,445 | 123,044 | 931,489 | 312,642 | 61,804 | 374,446 | 121,251 | 1,427,186 | |||||||||||||||||||||||||
Goodwill | 333,042 | 210,282 | 543,324 | |||||||||||||||||||||||||||||||||||||||||||||||
Geographic Information | ||||||||||||||||||||||||||||||||||||||||||||||||||
The following table presents the Company's revenue and long-lived assets by geographic region for the years ended December 31, 2012, 2011 and 2010 (dollars in thousands): | ||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||
2012 | 2011 | 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||
Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
United States | $ | 1,412,881 | $ | 1,284,407 | $ | 1,159,035 | ||||||||||||||||||||||||||||||||||||||||||||
Mexico | 60,678 | 73,069 | 75,993 | |||||||||||||||||||||||||||||||||||||||||||||||
United Kingdom | 308,464 | 211,915 | 96,222 | |||||||||||||||||||||||||||||||||||||||||||||||
Other foreign countries | 18,407 | 13,673 | 5,800 | |||||||||||||||||||||||||||||||||||||||||||||||
Total revenue | $ | 1,800,430 | $ | 1,583,064 | $ | 1,337,050 | ||||||||||||||||||||||||||||||||||||||||||||
As of December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||
Long-lived assets | 2012 | 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||
United States | $ | 254,809 | $ | 233,052 | ||||||||||||||||||||||||||||||||||||||||||||||
Mexico | 6,962 | 13,377 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total long-lived assets | $ | 261,771 | $ | 246,429 | ||||||||||||||||||||||||||||||||||||||||||||||
With respect to the e-commerce segment, the operations for the Company's domestic and foreign channels are primarily located within the United States, and the value of any long-lived assets located outside of the United States is immaterial. | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ' | ||||||||||||||||||||||||||||||
Fair Value Measurements | ' | ' | ||||||||||||||||||||||||||||||
12. Fair Value Measurements | 22. Fair Value Measurements | |||||||||||||||||||||||||||||||
Recurring Fair Value Measurements | Recurring Fair Value Measurements | |||||||||||||||||||||||||||||||
In accordance with ASC 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”), certain of the Company's assets and liabilities, which are carried at fair value, are classified in one of the following three categories: | In accordance with ASC 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”), certain of the Company's assets and liabilities, which are carried at fair value, are classified in one of the following three categories: | |||||||||||||||||||||||||||||||
Level 1: Quoted market prices in active markets for identical assets or liabilities. | Level 1: Quoted market prices in active markets for identical assets or liabilities. | |||||||||||||||||||||||||||||||
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. | Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. | |||||||||||||||||||||||||||||||
Level 3: Unobservable inputs that are not corroborated by market data. | Level 3: Unobservable inputs that are not corroborated by market data. | |||||||||||||||||||||||||||||||
The Company's financial assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2013 and 2012 and December 31, 2012 are as follows (dollars in thousands): | The Company's financial assets that are measured at fair value on a recurring basis as of December 31, 2012 and 2011 are as follows (dollars in thousands): | |||||||||||||||||||||||||||||||
September 30, | Fair Value Measurements Using | December 31, | Fair Value Measurements Using | |||||||||||||||||||||||||||||
2013 | Level 1 | Level 2 | Level 3 | 2012 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||
Financial assets (liabilities): | Financial assets (liabilities): | |||||||||||||||||||||||||||||||
Forward currency exchange contracts | $ | -790 | $ | - | $ | -790 | $ | - | Interest rate contracts1 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Nonqualified savings plan assets (a) | 13,455 | 13,455 | - | - | Forward currency exchange contracts | 1 | -406 | - | -406 | - | ||||||||||||||||||||||
Total | $ | 12,665 | $ | 13,455 | $ | -790 | $ | - | Nonqualified savings plan assets (a) | 11,347 | 11,347 | - | - | |||||||||||||||||||
Marketable securities(b) | 6,042 | 6,042 | - | - | ||||||||||||||||||||||||||||
September 30, | Fair Value Measurements Using | Total | $ | 16,983 | $ | 17,389 | $ | -406 | $ | - | ||||||||||||||||||||||
2012 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||
Financial assets (liabilities): | December 31, | Fair Value Measurements Using | ||||||||||||||||||||||||||||||
Forward currency exchange contracts | $ | -307 | $ | - | $ | -307 | $ | - | 2011 | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Nonqualified savings plan assets (a) | 10,990 | 10,990 | - | - | Financial assets (liabilities): | |||||||||||||||||||||||||||
Marketable securities(b) | 6,426 | 6,426 | - | - | Forward currency exchange contracts | 260 | - | 260 | - | |||||||||||||||||||||||
Total | $ | 17,109 | $ | 17,416 | $ | -307 | $ | - | Nonqualified savings plan assets (a) | 8,264 | 8,264 | - | - | |||||||||||||||||||
Marketable securities(b) | 4,412 | 4,412 | - | - | ||||||||||||||||||||||||||||
December 31, | Fair Value Measurements Using | Total | $ | 12,936 | $ | 12,676 | $ | 260 | $ | - | ||||||||||||||||||||||
2012 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||
Financial assets (liabilities): | (a)a a | The nonqualified savings plan assets have an offsetting liability of equal amount, which is included in "Accounts payable and accrued expenses" in the Company's consolidated balance sheets. | ||||||||||||||||||||||||||||||
Forward currency exchange contracts | $ | -406 | $ | - | $ | -406 | $ | - | (b)a a a | Cumulative unrealized total gains/(losses), net of tax, on these equity securities of $0.3 million and ($0.8) million as of December 31, 2012 and 2011, respectively, are recorded in "Accumulated other comprehensive income (loss)" in the Company's consolidated statements of equity. | ||||||||||||||||||||||
Nonqualified savings plan assets (a) | 11,347 | 11,347 | - | - | The Company measures the fair value of its forward currency exchange contracts under Level 2 inputs as defined by ASC 820-10. For these forward currency exchange contracts, standard valuation models are used to determine fair value. The significant inputs used in these models are derived from observable market transactions. During the year ended December 31, 2012 and 2011, there were no transfers of assets in or out of Level 1 or Level 2 fair value measurements. | |||||||||||||||||||||||||||
Marketable securities(b) | 6,042 | 6,042 | - | - | ||||||||||||||||||||||||||||
Total | $ | 16,983 | $ | 17,389 | $ | -406 | $ | - | Fair Value Measurements on a Non-Recurring Basis | |||||||||||||||||||||||
(a)a | The nonqualified savings plan assets have an offsetting liability of equal amount, which is included in “Accounts payable and accrued expenses” in the Company's consolidated balance sheets. | |||||||||||||||||||||||||||||||
(b)a a a | Cumulative unrealized total gains, net of tax, on these equity securities of $0.5 million and $0.3 million as of September 30, 2012 and December 31, 2012, respectively, are recorded in “Accumulated other comprehensive income (loss)” in the Company's consolidated statements of equity. These marketable securities were sold during the second quarter of 2013. See Note 7 for further discussion. | The Company measures non-financial assets and liabilities such as property and equipment and intangible assets at fair value on a nonrecurring basis or when events or circumstances indicate that the carrying amount of the assets may be impaired. During the third quarter of 2012, the Company announced the Mexico Reorganization. See Note 4 for further information related to this reorganization. The Mexico Reorganization was considered a triggering event for purposes of impairment testing of the retail services segment. The Company tested property and equipment and intangible assets for impairment following the approval of the reorganization plan by the Company's Board of Directors. The results of the Company's testing indicated that the carrying value of certain property and equipment exceeded the future cash flows associated with these assets. The results of the Company's testing of certain intangible assets indicated that the carrying value of these intangible assets exceeded their fair value. As a result, during the year ended December 31, 2012, the Company recognized impairment charges and losses on property and equipment, indefinite-lived intangible assets and other intangible assets related to its Mexico operations of $7.5 million (consisting of $6.0 million of impairment charges recognized in the third quarter of 2012 and $1.5 million of losses on disposition incurred in the fourth quarter of 2012), $2.5 million and $2.6 million, respectively, all of which are included in “Depreciation and amortization expenses” in the consolidated statements of income. The fair value measurements of property and equipment and intangible assets are considered Level 3 in the fair value hierarchy, as they are based on management's judgments about future cash flows. | ||||||||||||||||||||||||||||||
The Company measures the fair value of its forward currency exchange contracts under Level 2 inputs as defined by ASC 820-10. For these forward currency exchange contracts, current market rates are used to determine fair value. The significant inputs used in these models are derived from observable market rates. During the nine months ended September 30, 2013 and 2012, there were no transfers of assets in or out of Level 1 or Level 2 fair value measurements. | ||||||||||||||||||||||||||||||||
Following the announcement of the Mexico Reorganization, the Company also evaluated goodwill in the retail services segment and noted no impairment. | ||||||||||||||||||||||||||||||||
Financial Assets and Liabilities Not Measured at Fair Value | ||||||||||||||||||||||||||||||||
Financial Assets and Liabilities Not Measured at Fair Value | ||||||||||||||||||||||||||||||||
The Company's financial assets and liabilities as of September 30, 2013 and 2012 and December 31, 2012 that are not measured at fair value in the consolidated balance sheets are as follows (dollars in thousands): | ||||||||||||||||||||||||||||||||
The Company's financial assets and liabilities as of December 31, 2012 and 2011 that are not measured at fair value in the consolidated balance sheets are as follows (dollars in thousands): | ||||||||||||||||||||||||||||||||
Carrying Value | Estimated Fair Value | |||||||||||||||||||||||||||||||
September 30, | September 30, | Fair Value Measurement Using | Carrying Value | Estimated Fair Value | ||||||||||||||||||||||||||||
2013 | 2013 | Level 1 | Level 2 | Level 3 | December 31, | December 31, | Fair Value Measurement Using | |||||||||||||||||||||||||
Financial assets: | 2012 | 2012 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||
Cash and cash equivalents | $ | 84,096 | $ | 84,096 | $ | 84,096 | $ | - | $ | - | Financial assets: | |||||||||||||||||||||
Pawn loans | 253,678 | 253,678 | - | - | 253,678 | Cash and cash equivalents | $ | 63,134 | $ | 63,134 | $ | 63,134 | $ | - | $ | - | ||||||||||||||||
Consumer loans, net | 328,281 | 328,281 | - | - | 328,281 | Pawn loans | 244,640 | 244,640 | - | - | 244,640 | |||||||||||||||||||||
Pawn loan fees and service charges receivable | 50,090 | 50,090 | - | - | 50,090 | Consumer loans, net | 289,418 | 289,418 | - | - | 289,418 | |||||||||||||||||||||
Total | $ | 716,145 | $ | 716,145 | $ | 84,096 | $ | - | $ | 632,049 | Pawn loan fees and service charges receivable | 48,991 | 48,991 | - | - | 48,991 | ||||||||||||||||
Total | $ | 646,183 | $ | 646,183 | $ | 63,134 | $ | - | $ | 583,049 | ||||||||||||||||||||||
Financial liabilities: | ||||||||||||||||||||||||||||||||
Domestic and Multi-currency Line of credit | $ | 120,225 | $ | 126,260 | $ | - | $ | 126,260 | $ | - | Financial liabilities: | |||||||||||||||||||||
Senior unsecured notes | 455,872 | 445,888 | - | 445,888 | - | Domestic and Multi-currency Line of credit | $ | 301,011 | $ | 309,969 | $ | - | $ | 309,969 | $ | - | ||||||||||||||||
2029 Convertible Notes | 106,752 | 195,612 | - | 195,612 | - | Senior unsecured notes | 167,122 | 165,961 | - | 165,961 | - | |||||||||||||||||||||
Total | $ | 682,849 | $ | 767,760 | $ | - | $ | 767,760 | $ | - | 2009 Convertible Notes | 110,197 | 186,300 | - | 186,300 | - | ||||||||||||||||
Total | $ | 578,330 | $ | 662,230 | $ | - | $ | 662,230 | $ | - | ||||||||||||||||||||||
Carrying Value | Estimated Fair Value | |||||||||||||||||||||||||||||||
September 30, | September 30, | Fair Value Measurement Using | Carrying Value | Estimated Fair Value | ||||||||||||||||||||||||||||
2012 | 2012 | Level 1 | Level 2 | Level 3 | December 31, | December 31, | Fair Value Measurement Using | |||||||||||||||||||||||||
Financial assets: | 2011 | 2011 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||
Cash and cash equivalents | $ | 78,663 | $ | 78,663 | $ | 78,663 | $ | - | $ | - | Financial assets: | |||||||||||||||||||||
Pawn loans | 254,077 | 254,077 | - | - | 254,077 | Cash and cash equivalents | $ | 62,542 | $ | 62,542 | $ | 62,542 | $ | - | $ | - | ||||||||||||||||
Consumer loans, net | 256,825 | 256,825 | - | - | 256,825 | Pawn loans | 253,519 | 253,519 | - | - | 253,519 | |||||||||||||||||||||
Pawn loan fees and service charges receivable | 48,771 | 48,771 | - | - | 48,771 | Consumer loans, net | 222,778 | 222,778 | - | - | 222,778 | |||||||||||||||||||||
Total | $ | 638,336 | $ | 638,336 | $ | 78,663 | $ | - | $ | 559,673 | Pawn loan fees and service charges receivable | 48,003 | 48,003 | - | - | 48,003 | ||||||||||||||||
Total | $ | 586,842 | $ | 586,842 | $ | 62,542 | $ | - | $ | 524,300 | ||||||||||||||||||||||
Financial liabilities: | ||||||||||||||||||||||||||||||||
Domestic and Multi-currency Line of credit | $ | 288,266 | $ | 295,747 | $ | - | $ | 295,747 | $ | - | Financial liabilities: | |||||||||||||||||||||
Senior unsecured notes | 191,810 | 190,574 | - | 190,574 | - | Domestic and Multi-currency Line of credit | $ | 280,839 | $ | 291,983 | $ | - | $ | 291,983 | $ | - | ||||||||||||||||
2029 Convertible Notes | 109,387 | 184,431 | - | 184,431 | - | Senior unsecured notes | 149,394 | 147,721 | - | 147,721 | - | |||||||||||||||||||||
Total | $ | 589,463 | $ | 670,752 | $ | - | $ | 670,752 | $ | - | 2009 Convertible Notes | 107,058 | 220,642 | - | 220,642 | - | ||||||||||||||||
Total | $ | 537,291 | $ | 660,346 | $ | - | $ | 660,346 | $ | - | ||||||||||||||||||||||
Carrying Value | Estimated Fair Value | Cash and cash equivalents bear interest at market rates and have maturities of less than 90 days. | ||||||||||||||||||||||||||||||
December 31, | December 31, | Fair Value Measurement Using | ||||||||||||||||||||||||||||||
2012 | 2012 | Level 1 | Level 2 | Level 3 | Pawn loans generally have maturity periods of less than 90 days. If a pawn loan defaults, the Company disposes of the collateral. Historically, collateral has sold for an amount in excess of the principal amount of the loan. | |||||||||||||||||||||||||||
Financial assets: | ||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 63,134 | $ | 63,134 | $ | 63,134 | $ | - | $ | - | Consumer loans are carried in the consolidated balance sheet net of the allowance for estimated loan losses, which is calculated by applying historical loss rates combined with recent default trends to the gross consumer loan balance. The unobservable inputs used to calculate the carrying value of consumer loans include historical loss rates and recent default trends. Consumer loans have relatively short maturity periods that are generally 12 months or less. | |||||||||||||||||||||
Pawn loans | 244,640 | 244,640 | - | - | 244,640 | |||||||||||||||||||||||||||
Consumer loans, net | 289,418 | 289,418 | - | - | 289,418 | Pawn loan fees and service charges receivable are accrued ratably over the term of the loan based on the portion of these pawn loans deemed collectible. The Company uses historical performance data to determine collectability of pawn loan fees and service charges receivable. Additionally, pawn loan fee and service charge rates are determined by regulations and bear no valuation relationship to the capital markets' interest rate movements. | ||||||||||||||||||||||||||
Pawn loan fees and service charges receivable | 48,991 | 48,991 | - | - | 48,991 | |||||||||||||||||||||||||||
Total | $ | 646,183 | $ | 646,183 | $ | 63,134 | $ | - | $ | 583,049 | The Company measures the fair value of long-term debt instruments using Level 2 inputs. The fair values of the Company's long-term debt instruments are estimated based on market values for debt issues with similar characteristics or rates currently available for debt with similar terms. As of December 31, 2012, the Company's Domestic and Multi-currency Line of credit had a higher fair market value than the carrying value due to the difference in yield when compared to recent issuances of similar types of credit. As of December 31, 2012, the Company's senior unsecured notes had a lower fair market value than the carrying value due to the difference in yield when compared to recent issuances of similar senior unsecured notes. As of December 31, 2012, the 2009 Convertible Notes had a higher fair value than carrying value due to the Company's stock price as of each period presented above exceeding the applicable conversion price for the 2009 Convertible Notes, thereby increasing the value of the instrument for bondholders. | |||||||||||||||||||||
Financial liabilities: | ||||||||||||||||||||||||||||||||
Domestic and Multi-currency Line of credit | $ | 301,011 | $ | 309,969 | $ | - | $ | 309,969 | $ | - | ||||||||||||||||||||||
Senior unsecured notes | 167,122 | 165,961 | - | 165,961 | - | |||||||||||||||||||||||||||
2029 Convertible Notes | 110,197 | 186,300 | - | 186,300 | - | |||||||||||||||||||||||||||
Total | $ | 578,330 | $ | 662,230 | $ | - | $ | 662,230 | $ | - | ||||||||||||||||||||||
Cash and cash equivalents bear interest at market rates and have maturities of less than 90 days. | ||||||||||||||||||||||||||||||||
Pawn loans generally have maturity periods of less than 90 days. If a pawn loan defaults, the Company disposes of the collateral. Historically, collateral has sold for an amount in excess of the principal amount of the loan. | ||||||||||||||||||||||||||||||||
Consumer loans are carried in the consolidated balance sheet net of the allowance for estimated loan losses, which is calculated by applying historical loss rates combined with recent default trends to the gross consumer loan balance. The unobservable inputs used to calculate the carrying value of consumer loans include historical loss rates and recent default trends. Consumer loans have relatively short maturity periods that are generally 12 months or less. | ||||||||||||||||||||||||||||||||
Pawn loan fees and service charges receivable are accrued ratably over the term of the loan based on the portion of these pawn loans deemed collectible. The Company uses historical performance data to determine collectability of pawn loan fees and service charges receivable. Additionally, pawn loan fee and service charge rates are determined by regulations and bear no valuation relationship to the capital markets' interest rate movements. | ||||||||||||||||||||||||||||||||
The Company measures the fair value of long-term debt instruments using Level 2 inputs. The fair values of the Company's long-term debt instruments are estimated based on market values for debt issues with similar characteristics or rates currently available for debt with similar terms. As of September 30, 2013, the Company's Domestic and Multi-currency Line of Credit had a higher fair market value than the carrying value due to the difference in yield when compared to recent issuances of similar lines of credit. As of September 30, 2013, the Company's senior unsecured notes had a lower fair market value than the carrying value due to the difference in yield when compared to recent issuances of similar senior unsecured notes. As of September 30, 2013, the 2029 Convertible Notes had a higher fair value than carrying value due to the Company's stock price as of September 30, 2013 exceeding the applicable conversion price for the 2029 Convertible Notes, thereby increasing the value of the instrument for noteholders. | ||||||||||||||||||||||||||||||||
Quarterly_Financial_Data
Quarterly Financial Data | 12 Months Ended | ||||||||||||||
Dec. 31, 2012 | |||||||||||||||
Quarterly Financial Data [Abstract] | ' | ||||||||||||||
Quarterly Financial Data | ' | ||||||||||||||
23. Quarterly Financial Data (Unaudited) | |||||||||||||||
The Company's operations are subject to seasonal fluctuations. Net income tends to be highest during the first and fourth calendar quarters. The first quarters benefit from the heavy repayment of pawn loans and consumer loans plus the associated interest and fees on both with tax refund proceeds received by customers in the first quarter each year, and an increase in merchandise disposition activities. The fourth quarter benefits from the seasonally highest levels of pawn loans and consumer loan balances and merchandise dispositions activities associated with the holiday season. The following is a summary of the quarterly results of operations for the years ended December 31, 2012 and 2011 (dollars in thousands, except per share data): | |||||||||||||||
First | Second | Third | Fourth | ||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||
2012 | |||||||||||||||
Total revenue | $ | 457,488 | $ | 411,644 | $ | 439,694 | $ | 491,604 | |||||||
Cost of revenue | 200,704 | 178,036 | 191,217 | 224,516 | |||||||||||
Net revenue | 256,784 | 233,608 | 248,477 | 267,088 | |||||||||||
Net income attributable to Cash America International, Inc.(b) | 41,467 | 29,820 | 11,703 | 24,480 | |||||||||||
Diluted net income per share (a) | $ | 1.3 | $ | 0.94 | $ | 0.37 | $ | 0.79 | |||||||
Diluted weighted average common shares | 31,912 | 31,822 | 31,375 | 30,884 | |||||||||||
2011 | |||||||||||||||
Total revenue | $ | 364,864 | $ | 345,939 | $ | 398,304 | $ | 473,957 | |||||||
Cost of revenue | 148,736 | 136,091 | 162,850 | 225,628 | |||||||||||
Net revenue | 216,128 | 209,848 | 235,454 | 248,329 | |||||||||||
Net income attributable to Cash America International, Inc. | 36,378 | 26,981 | 34,777 | 37,827 | |||||||||||
Diluted net income per share (a) | $ | 1.13 | $ | 0.84 | $ | 1.08 | $ | 1.18 | |||||||
Diluted weighted average common shares | 32,060 | 31,994 | 32,248 | 32,059 | |||||||||||
(a) | The sum of the quarterly net income per share amounts may not total to each full year amount presented in the Company's financial statements because these computations are made independently for each quarter and for the full year and take into account the weighted average number of common shares outstanding for each period, including the effect of dilutive securities for that period. | ||||||||||||||
(b) | Net income attributable to Cash America International, Inc. for the third and fourth quarter of 2012 did not follow the normal seasonal trend due to the expenses recognized in connection with the Mexico Reorganization and the Ohio Reimbursements. See Notes 4 and 15. |
Withdrawal_Of_Proposed_Divesti
Withdrawal Of Proposed Divestiture Of Enova | 12 Months Ended |
Dec. 31, 2012 | |
Withdrawal Of Proposed Divestiture Of Enova [Abstract] | ' |
Proposed Divestiture Of Enova | ' |
24. Withdrawal of Proposed Initial Public Offering of Enova International, Inc. | |
On September 15, 2011, Enova, a wholly-owned subsidiary of the Company that comprises its e-commerce segment, filed a registration statement on Form S-1 (“Registration Statement”) with the Securities and Exchange Commission (the “SEC”) in connection with a proposed initial public offering (“IPO”) of its common stock. On July 25, 2012, Enova filed an Application for Withdrawal of Registration Statement with the SEC to withdraw its Registration Statement, together with all exhibits and amendments. The Registration Statement had not been declared effective by the SEC, and no securities have been sold in connection with the offering pursuant to the Registration Statement. | |
During the year ended December 31, 2012, expenses that were previously capitalized totaling $3.9 million were recognized in earnings due to the withdrawal of the Registration Statement and are included in “Operations and administration expenses” in the consolidated statements of income. | |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2012 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
25. Subsequent Events | |
Share Repurchase Authorization | |
On January 24, 2013, the Board of Directors authorized the Company's repurchase of up to 2,500,000 shares of its common stock. The share repurchase authorization does not have an expiration date, and the amount and prices paid for any future share purchases under the new authorization will be based on market conditions and other factors at the time of the purchase. Repurchases under the share repurchase program will be made through open market purchases or private transactions, in accordance with applicable federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. This new authorization cancelled and replaced a previous authorization approved by the Board of Directors in 2011 to purchase up to 2,500,000 shares of common stock. | |
575_Senior_Notes_Due_2018
5.75% Senior Notes Due 2018 | 12 Months Ended |
Dec. 31, 2012 | |
Long-Term Debt [Abstract] | ' |
Three Hundreds Million Senior Notes [Text Block] | ' |
26. 5.75% Senior Notes due 2018 | |
On May 15, 2013, the Company issued and sold $300.0 million in aggregate principal amount of 5.75% Senior Notes due 2018 (the “2018 Senior Notes”). The Company offered and sold the 2018 Senior Notes to initial purchasers in reliance on the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”). The initial purchasers then resold the 2018 Senior Notes pursuant to the exemptions from registration under the Securities Act in reliance on Rule 144A and Regulation S. The 2018 Senior Notes bear interest at a rate of 5.75% annually on the principal amount of the 2018 Senior Notes, payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2013. The 2018 Senior Notes will mature on May 15, 2018. The 2018 Senior Notes are senior unsecured debt obligations of the Company and are guaranteed by all of the Company's direct and indirect subsidiaries which were formed in the United States and one of its foreign subsidiaries (the “Guarantors”). | |
The 2018 Senior Notes are redeemable at the Company's option, in whole or in part, at any time at 100% of the aggregate principal amount of 2018 Senior Notes redeemed plus the applicable “make whole” redemption price specified in the Indenture that governs the 2018 Senior Notes (the “2018 Senior Notes Indenture”), plus accrued and unpaid interest, if any, to the redemption date. In addition, if a change of control occurs, as that term is defined in the 2018 Senior Notes Indenture, the holders of 2018 Senior Notes will have the right, subject to certain conditions, to require the Company to repurchase their 2018 Senior Notes at a purchase price equal to 101% of the aggregate principal amount of 2018 Senior Notes repurchased plus accrued and unpaid interest, if any, as of the date of repurchase. | |
In addition, on May 15, 2013, the Company entered into a registration rights agreement with the initial purchasers of the 2018 Senior Notes (the “Registration Rights Agreement”), pursuant to which the Company agreed to use commercially reasonable efforts to issue in exchange for the 2018 Senior Notes, on or prior to the 270th day following the closing date of the issuance and sale of the 2018 Senior Notes, new notes identical in all material respect to the 2018 Senior Notes registered under the Securities Act. In certain circumstances, the Company may be required to file a shelf registration statement to cover resales of the 2018 Senior Notes. If the Company does not comply with certain covenants set forth in the Registration Rights Agreement, it must pay liquidated damages to holders of the 2018 Senior Notes. | |
In the second quarter of 2013, the Company used a portion of the net proceeds from the 2018 Senior Notes issuance to repay all outstanding balances under its Domestic and Multi-currency Line, which were $202.0 million on May 15, 2013. The Company used the remaining net proceeds from the issuance to repay other outstanding indebtedness and for general corporate purposes. | |
In connection with the issuance of the 2018 Senior Notes, the Company incurred debt issuance costs of approximately $8.1 million during the nine months ended September 30, 2013, which primarily consisted of underwriting fees, legal and other professional expenses. These costs are being amortized over a period of five years and are included in “Other assets” in the Company's consolidated balance sheet. | |
The Guarantors have guaranteed fully and conditionally, on a joint and several basis, the obligations to pay principal and interest for the 2018 Senior Notes. Cash America International, Inc. (“Parent Company”), on a stand-alone unconsolidated basis, has no independent assets or operations. The assets and operations of the Parent Company's non-guarantor subsidiaries, individually and in the aggregate, are minor. There are no significant restrictions on the ability of the Parent Company to receive funds from its subsidiaries through dividends, loans, and advances or otherwise. | |
Subsequent_Events_Unaudited
Subsequent Events (Unaudited) | 12 Months Ended |
Dec. 31, 2012 | |
Subsequent events unaudited [Abstract] | ' |
Subsequent events unaudited [Text Block] | ' |
27. Subsequent Events (Unaudited) | |
Acquisition of 41 pawn lending locations in Texas | |
In August 2013, the Company completed the acquisition of a chain of pawn lending locations in Texas that included 41 operating locations and the rights to one additional Texas pawn lending location (that was under construction but not open for business at the time of the acquisition), all of which were acquired from TDP Superstores Corp. and operate primarily under the name “Top Dollar Pawn.” The aggregate consideration paid for the acquisition was approximately $103.7 million, including consideration for non-competition covenants. The acquisition price was paid in cash and funded by available cash and through the Company's line of credit. The Company incurred approximately $0.4 million of acquisition costs related to the acquisition, which were expensed. The activities and goodwill related to this acquisition are included in the results of the Company's retail services segment. | |
Pending Acquisition of 34 Pawn Lending Locations in Georgia and North Carolina | |
In August 2013, the Company signed an asset purchase agreement for the acquisition of substantially all of the assets of a 34-store chain of pawn lending locations in Georgia and North Carolina (31 locations in Georgia and three locations in North Carolina) owned by PawnMart, Inc. and operating primarily under the PawnMart brand in both markets. The Company estimates the aggregate purchase price of the acquisition to be approximately $62.0 million, including consideration for certain non-competition covenants. The purchase price is expected to be paid in cash and funded through borrowings under the Company's line of credit. The purchase price may be adjusted based on the aggregate value of the pawn loan balance and merchandise inventory balance held by the seller at closing. The closing of the transaction is subject to the satisfaction of certain closing conditions, such as the receipt of certain approvals to be obtained by the seller and its parent company, Xponential, Inc., licensing and the receipt of certain regulatory approvals. If all conditions are satisfied, the closing of the acquisition is expected to occur in the fourth quarter of 2013. | |
Income Taxes | |
During 2012, the Company's Mexico-based pawn operations that operated under the name Prenda Fácil were owned by Creazione. In January 2013, the Company's Mexico-based pawn operations were sold by Creazione to another wholly-owned subsidiary of the Company, CA Empeños Mexico, S. de R.L. de C.V., and began operating exclusively under the name “Cash America casa de empeño.” The Company is currently in the process of liquidating the remaining assets of Creazione, which are insignificant. In connection with the liquidation of Creazione, the Company intends to claim a deduction on its 2013 federal income tax return for its tax basis in the stock of Creazione and has recognized an income tax benefit of $33.2 million as a result of the deduction. The Company believes that it meets the requirements for this deduction and that it should be treated as an ordinary loss, which will reduce the Company's cash taxes paid in 2013, and the Company has obtained a Private Letter Ruling from the Internal Revenue Service with respect to one of the various factors that it considered in making this determination. As of December 31, 2012, the Company had recorded an income tax benefit of $9.3 million and an offsetting valuation allowance associated with the Company's excess tax basis over its basis for financial purposes in the stock of Creazione. During the three months ended March 31, 2013, the Company recorded an additional income tax benefit of $23.9 million associated with its remaining tax basis in the stock of Creazione. In addition, the Company released the valuation allowance recorded in 2012 of $9.3 million and recorded a $33.2 million liability for uncertain tax benefits. Following the receipt of a favorable Private Letter Ruling from the Internal Revenue Service in September of 2013, the Company determined that it met the more-likely-than-not threshold for recording a tax benefit related to the Creazione stock basis deduction and released the $33.2 million liability for uncertain tax benefits during the three months ended September 30, 2013. | |
During 2013, the statute of limitations expired related to the Mexico tax returns of Creazione for periods before it was acquired by the Company (pre-2008). As a result, in the third quarter of 2013, the Company released reserves established for unrecognized tax benefits of $1.0 million and the related accrued interest and penalties of $1.9 million. | |
The Company recognized income tax (benefit) expense of ($28.0) million and $12.7 million for the three and nine months ended September 30, 2013, respectively, compared to income tax expense of $25.1 million and $67.5 million for the three and nine months ended September 30, 2012, respectively. The decrease in income tax expense and the effective tax rate of (154.1%) and 9.9% for the three and nine months ended September 30, 2013, respectively, is primarily due to the recognition of the $33.2 million tax benefit associated with the Creazione stock basis deduction and the $1.0 million release of the reserve for uncertain tax benefits related to the Creazione pre-acquisition Mexico tax returns noted above. In addition, the income tax expense for the three and nine months ended September 30, 2012 was negatively impacted by the recognition of a $12.6 million valuation allowance related to the Mexico deferred tax assets of Creazione. | |
2013 Litigation Settlement | |
On October 9, 2013, the Company entered into a memorandum of understanding (the “Settlement Memorandum”) to settle an outstanding class action lawsuit that has been ongoing since 2004. See Note 15 for additional details regarding this lawsuit, which was originally filed by James E. Strong in the State Court of Cobb County, Georgia. This case was scheduled to go to trial in November 2013, but on October 9, 2013, the parties agreed to a memorandum of understanding (the “Settlement Memorandum”). Pursuant to the Settlement Memorandum, the parties filed a joint motion containing the full terms of the settlement (the “Settlement Agreement”) to the trial court for approval on October 24, 2013, and the trial court preliminarily approved the Settlement Agreement on November 4, 2013. The Settlement Agreement requires a minimum payment by the Company of $18.0 million and a maximum payment of $36.0 million, to cover class claims (including honorarium payments to the named plaintiffs) and the plaintiffs' attorneys' fees and costs (including the costs of claims administration) (the “Class Claims and Costs”), all of which will count towards the aggregate payment for purposes of determining whether the minimum payment has been made or the maximum payment has been reached. The actual payout will depend on the number of claimants who submit claims for payment. If the Company does not pay at least $18.0 million towards the Class Claims and Costs, the Settlement Agreement requires the Company to pay, into a cy pres (non-profit) fund approved by the court, an amount equal to $18.0 million less the aggregate amount the Company pays towards the Class Claims and Costs. In accordance with ASC 855-10-55―Subsequent Events and ASC-20-50, Contingencies, the Company recognized a liability during the third quarter of 2013 in the amount of $18.0 million, which it deems the most probable payment amount. The Company denies all of the material allegations of the lawsuit and denies any and all liability or wrongdoing in connection with the conduct described in the lawsuit. If the Settlement Agreement is not approved by the court, the Company cannot predict the outcome of this litigation. | |
Consumer Financial Protection Bureau | |
The Company has been advised by the Enforcement Division of the Consumer Financial Protection Bureau (the “CFPB”) that it is contemplating an enforcement action against the Company for issues self disclosed to the CFPB during its 2012 examination of the Company relating to the improper preparation of certain court documents in connection with collections lawsuits initiated by the Company in Ohio, which were previously disclosed by the Company and for which it implemented a voluntarily reimbursement program for affected customers at an originally estimated cost to the Company of approximately $13.4 million before taxes, ; the making of a limited number of loans to consumers who may have been members of the military at the time of the loan at rates in excess of the military annual percentage rate permitted by the federal Military Lending Act due in part to system errors, and for which the Company has made refunds of approximately $33,500; and for certain failures to timely provide and preserve records and information in connection with the CFPB's examination of the Company. The Company has fully cooperated with the CFPB and continues to do so. Currently, the Company is seeking to negotiate a settlement to resolve all pending issues. The Company anticipates that a settlement will require, among other things, the entry of a consent order, the payment of a civil money penalty, the enhancement of certain aspects of the Company's compliance management programs, the implementation of additional procedures and controls and periodic reporting requirements to the CFPB. There is no certainty that a settlement will be successfully negotiated, or that the consequences of a settlement or an unsettled action will not have a material adverse impact on the Company's business, results of operations or financial position. Based upon the Company's assessment of the matter in accordance with ASC 450-20-20, Contingencies―Loss Contingencies―Glossary as of the date of filing this report on Form 10-K, the Company currently expects that the CFPB enforcement action, including any monetary penalties or changes to its business that result from such enforcement action, will not have a material adverse impact on its business, results of operations or financial position. | |
Significant_Accounting_Policie1
Significant Accounting Policies (Policy) | 9 Months Ended | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||
Significant Accounting Policies [Abstract] | ' | ' | ||||||||||||||||
Basis Of Presentation | ' | ' | ||||||||||||||||
Basis of Presentation | Basis of Presentation | |||||||||||||||||
The consolidated financial statements include all of the accounts of Cash America International, Inc. and its subsidiaries (the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. | The consolidated financial statements include all of the accounts of the Company. All significant intercompany accounts and transactions have been eliminated in consolidation. | |||||||||||||||||
The financial statements as of September 30, 2013 and 2012 and for the three- and nine-month periods then ended are unaudited but, in management's opinion, include all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for such interim periods. The year-end consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by generally accepted accounting principles in the United States of America (“GAAP”). Operating results for the three- and nine-month periods are not necessarily indicative of the results that may be expected for the full fiscal year. | Prior to 2012, the Company had a contractual relationship with a third-party entity, Huminal, S.A. de C.V., a Mexican sociedad anónima de capital variable ("Huminal"), to compensate and maintain the labor force of its Mexico-based pawn operations that formerly operated under the name “Prenda Fácil” (“Prenda Fácil”). Prenda Fácil was owned by Creazione Estilo, S.A. de C.V., a Mexican sociedad anónima de capital variable (“Creazione”). On January 1, 2012, the labor force of the Mexico pawn operations was transferred from Huminal to a wholly-owned subsidiary of Creazione. However, Prenda Fácil qualifies as the primary beneficiary of Huminal in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation (“ASC 810”). Therefore, the results and balances of Huminal are consolidated and allocated to net income attributable to noncontrolling interests. In January 2013, the Company's remaining Mexico-based pawn operations were sold by Creazione to another wholly-owned subsidiary, CA Empeños Mexico, S. de R.L. de C.V., and began operating exclusively under the name “Cash America case de empeño.” In connection with the reorganization of the Company's Mexico-based pawn lending operations during 2012 (the “Mexico Reorganization”), the Company intends to liquidate the remaining assets of Creazione, which are insignificant, in 2013. See Note 4 for additional discussion. | |||||||||||||||||
These financial statements and related notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2012. | In the first quarter of 2012, the Company changed its accounting policy with respect to its foreign pawn operations to reflect pledged collateral underlying delinquent pawn loans as “Merchandise held for disposition, net,” the proceeds received from the disposition of this collateral as “Proceeds from disposition of merchandise” and the cost basis for this collateral as “Cost of disposed merchandise” in its consolidated financial statements. The Company believes this change, from one generally accepted accounting principle to another generally accepted accounting principle, is preferable because it enhances comparability of its financial statements by reporting financial results associated with its foreign pawn operations in the same manner as the financial results associated with its domestic pawn operations. The Company did not change its accounting policy with respect to its domestic pawn operations, and the change in the Company's accounting policy with respect to its foreign pawn operations had no impact on the Company's consolidated Net Revenue or Net Income previously reported. The change has been applied retrospectively. The following tables summarize the impact of the accounting change in the Company's consolidated financial statements as of December 31, 2011 and for the years ended December 31, 2011 and 2010, respectively (dollars in thousands): | |||||||||||||||||
Through April 2013, the Company had a contractual relationship with a third party entity, Huminal, S.A. de C.V., a Mexican sociedad anónima de capital variable (“Huminal”). The Company qualified as the primary beneficiary of Huminal in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation (“ASC 810”). Therefore, the results and balances of Huminal were consolidated and allocated to net income attributable to noncontrolling interests. In May 2013, the Company acquired the remaining outstanding common stock of Huminal to increase its ownership to 100% of Huminal and, as a result, Huminal became a wholly-owned subsidiary of the Company as of that date. The Company accounted for this transaction as a change in ownership interests that does not result in a change in control. | Year Ended | Year Ended | ||||||||||||||||
31-Dec-11 | 31-Dec-10 | |||||||||||||||||
As previously reported | As Adjusted | As previously reported | As Adjusted | |||||||||||||||
Consolidated Statements of Income | ||||||||||||||||||
Pawn loan fees and service charges | $ | 291,891 | $ | 282,197 | $ | 253,314 | $ | 243,713 | ||||||||||
Proceeds from disposition of merchandise | 636,728 | 688,884 | 534,878 | 588,190 | ||||||||||||||
Total revenue | 1,540,602 | 1,583,064 | 1,293,339 | 1,337,050 | ||||||||||||||
Disposed merchandise | 405,155 | 447,617 | 338,756 | 382,467 | ||||||||||||||
Total cost of revenue | 630,843 | 673,305 | 521,150 | 564,861 | ||||||||||||||
Net revenue | 909,759 | 909,759 | 772,189 | 772,189 | ||||||||||||||
Consolidated Statement of Cash Flows | ||||||||||||||||||
Merchandise other than forfeited | $ | -7,238 | $ | -7,150 | $ | -6,914 | $ | -1,869 | ||||||||||
Prepaid expenses and other assets | -2,723 | 2,337 | 1,337 | 4,146 | ||||||||||||||
Net cash provided by operating activities | 448,856 | 454,004 | 351,306 | 359,160 | ||||||||||||||
Pawn loans repaid | 453,350 | 408,105 | 391,440 | 340,267 | ||||||||||||||
Principal recovered through dispositions of forfeited pawn loans | 275,547 | 316,651 | 248,850 | 291,163 | ||||||||||||||
Net cash used in investing activities | -477,903 | -482,044 | -368,205 | -377,065 | ||||||||||||||
Consolidated Statement of Cash Flows—Supplemental Disclosures | ||||||||||||||||||
Pawn loans forfeited and transferred to merchandise held for disposition | $ | 299,693 | $ | 334,869 | $ | 245,872 | $ | 297,045 | ||||||||||
As of December 31, 2011 | ||||||||||||||||||
As previously reported | As Adjusted | |||||||||||||||||
Consolidated Balance Sheet | ||||||||||||||||||
Merchandise held for disposition, net | $ | 151,274 | $ | 161,884 | ||||||||||||||
Prepaid expenses and other assets | 41,911 | 31,301 | ||||||||||||||||
Use Of Estimates | ' | ' | ||||||||||||||||
Use of Estimates | ||||||||||||||||||
The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. On an on-going basis, management evaluates its estimates and judgments, including those related to revenue recognition on pawn loan fees and service charges, allowance for losses on consumer loans, goodwill, long-lived and intangible assets, income taxes, contingencies and litigation. Management bases its estimates on historical experience, empirical data and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates. | ||||||||||||||||||
Foreign Currency Translations | ' | ' | ||||||||||||||||
Foreign Currency Translations | ||||||||||||||||||
The functional currencies for the Company's subsidiaries that serve residents of the United Kingdom, Australia, Canada and Mexico are the British pound, the Australian dollar, the Canadian dollar and the Mexican peso, respectively. The assets and liabilities of these subsidiaries are translated into U.S. dollars at the exchange rates in effect at each balance sheet date, and the resulting adjustments are recorded in “Accumulated other comprehensive income (loss)” as a separate component of equity. Revenue and expenses are translated at the monthly average exchange rates occurring during each period. | ||||||||||||||||||
Cash And Cash Equivalents | ' | ' | ||||||||||||||||
Cash and Cash Equivalents | Cash and Cash Equivalents | |||||||||||||||||
The Company considers cash on hand in operating locations, deposits in banks and short-term investments with original maturities of 90 days or less as cash and cash equivalents. Cash equivalents are principally invested in short-term money market funds. | The Company considers cash on hand in operating locations, deposits in banks and short-term marketable securities with original maturities of 90 days or less as cash and cash equivalents. | |||||||||||||||||
Pawn Loan Fees And Service Charges | ' | ' | ||||||||||||||||
Pawn Loans, Pawn Loan Fees and Service Charges | ||||||||||||||||||
Revenue Recognition | ||||||||||||||||||
Pawn loan fees and service charges revenue are accrued ratably over the term of the loan for the portion of those pawn loans deemed collectible. | ||||||||||||||||||
Pawn Loans and Pawn Loan Fees and Service Charges Receivable | ||||||||||||||||||
Pawn loans are short-term loans made on the pledge of tangible personal property. The maximum pawn loan amount is generally assessed as a percentage of the personal property's estimated disposition value. The typical loan term is generally 30 to 90 days and, in many cases, an additional grace period (typically 10 to 60 days) may be available to the borrower. A pawn loan is considered delinquent if the customer does not repay or, where allowed by law, renew or extend the loan on or prior to its contractual maturity date plus any applicable grace period. Pawn loan fees and service charges do not accrue on delinquent pawn loans. When a pawn loan is considered delinquent, any accrued pawn loan fees and service charges are reversed and no additional pawn loan fees and service charges are accrued. Pawn loans written during each calendar month are aggregated and tracked for performance. This empirical data allows the Company to analyze the characteristics of its outstanding pawn loan portfolio and assess the collectability of the principal balance in addition to pawn loan fees and service charges. | ||||||||||||||||||
Consumer Loans And Allownce And Liabilities For Estimated Losses On Consumer Loans | ' | ' | ||||||||||||||||
Consumer Loans and Allowance and Liability for Estimated Losses on Consumer Loans | ||||||||||||||||||
Revenue Recognition | ||||||||||||||||||
The Company recognizes consumer loan fees for each of the loan products it offers. “Consumer loan fees” in the consolidated statements of income include: interest income, finance charges, CSO fees, service charges, draw fees, minimum fees, late fees, nonsufficient funds fees and any other fees or charges permitted by applicable laws and pursuant to the agreement with the borrower. For short-term loans that the Company writes, revenue is recognized on an effective yield basis over the term of the loan, and fees are recognized when assessed to the customer. CSO fees, which are fees for services provided through the CSO programs, are recognized on an effective yield basis over the term of the loan. For line of credit accounts, interest is recognized on an effective yield basis over the term of the loan, and fees are recognized when assessed to the customer. For installment loans, revenue is recognized on an effective yield basis over the term of the loan and fees are recognized when assessed to the customer. Unpaid and accrued interest and fees are included in “Consumer loans, net” in the consolidated balance sheets. | ||||||||||||||||||
Current and Delinquent Consumer Loans | ||||||||||||||||||
The Company classifies its consumer loans as either current or delinquent. Short-term loans are considered delinquent when payment of an amount due is not made as of the due date. If a line of credit account or installment loan customer misses one payment, that payment is considered delinquent. If a line of credit account or installment loan customer does not make two consecutive payments, the entire account or loan is classified as delinquent. The Company allows for normal payment processing time before considering a loan delinquent but does not provide for any additional grace period. | ||||||||||||||||||
Where permitted by law, a customer may choose to renew a short-term loan contract or extend the due date on a short-term loan before it is considered delinquent by agreeing to pay the current finance charge for the right to make a later payment of the outstanding principal balance plus an additional finance charge. In addition, in some instances, customers agree to repay a new short-term loan in two or three payments, and in these cases the Company considers the obligation to make the first payment a new loan and the obligation to make the second and third payments renewals or extensions of that loan because the customer pays the finance charge due at the time of each payment, similar to a loan that has been renewed or extended. All references to renewals include both renewals and extensions made by customers to their existing short-term loans. If a short-term loan is renewed, but the customer fails to pay that loan's current finance charge as of the due date, the unpaid finance charge is classified as delinquent. | ||||||||||||||||||
The Company generally does not accrue interest on delinquent consumer loans and does not resume accrual of interest unless a loan is returned to current status. Delinquent consumer loans may not be renewed, and if, during its attempt to collect on a delinquent consumer loan, the Company allows additional time for payment through a payment plan or a promise to pay, it is still considered delinquent. All payments received are first applied against accrued but unpaid interest and fees and then against the principal balance of the loan. | ||||||||||||||||||
Allowance and Liability for Estimated Losses on Consumer Loans | ||||||||||||||||||
The Company monitors the performance of its consumer loan portfolio and maintains either an allowance or liability for estimated losses on consumer loans (including fees and interest) at a level estimated to be adequate to absorb credit losses inherent in the portfolio. The allowance for losses on the Company's owned consumer loans reduces the outstanding loan balance in the consolidated balance sheets. The liability for estimated losses related to loans guaranteed under the CSO programs, which approximates the fair value of the liability, is included in “Accounts payable and accrued expenses” in the consolidated balance sheets. | ||||||||||||||||||
In determining the allowance or liability for estimated losses on consumer loans, the Company applies a documented systematic methodology. In calculating the allowance or liability for loan losses, outstanding loans are divided into discrete groups of short-term loans, line of credit accounts and installment loans and are analyzed as current or delinquent. Increases in either the allowance or the liability, net of charge-offs and recoveries, are recorded as a “Consumer loan loss provision” in the consolidated statements of income. The allowance or liability for short-term loans classified as current is based on historical loss rates adjusted for recent default trends for current loans. During the fourth quarter of 2012, in order to better reflect portfolio trends, management revised the estimation process for evaluating the adequacy of the allowance and liability for estimated losses on consumer loans. This change is described below and did not have a material impact on the financial statements. | ||||||||||||||||||
For delinquent short-term loans, the allowance or liability is based on a six-month rolling average of loss rates by stage of collection. For line of credit and installment loan portfolios, the Company generally uses a migration analysis to estimate losses inherent in the portfolio. The allowance or liability calculation under the migration analysis is based on historical charge-off experience and the loss emergence period, which represents the average amount of time between the first occurrence of a loss event to the charge-off of a loan. The factors the Company considers to assess the adequacy of the allowance or liability include past due performance, historical behavior of monthly vintages, underwriting changes and recent trends in delinquency in the migration analysis. | ||||||||||||||||||
The Company fully reserves and generally charges off consumer loans once the loan or a portion of the loan has been classified as delinquent for 60 consecutive days. If a loan is deemed uncollectible before it is fully reserved, it is charged off at that point. Consumer loans classified as delinquent generally have an age of one to 59 days from the date any portion of the loan became delinquent, as defined above. Recoveries on loans previously charged to the allowance are credited to the allowance when collected. | ||||||||||||||||||
Merchandise Held For Disposition And Cost Of Disposed Merchandise | ' | ' | ||||||||||||||||
Merchandise Held for Disposition, Proceeds from Disposition of Merchandise and Cost of Disposed Merchandise | ||||||||||||||||||
Proceeds From and Cost of Disposed Merchandise | ||||||||||||||||||
Upon the sale of merchandise, the Company realizes gross profit, which is the difference between the Company's cost basis in the loan or the amount paid for purchased merchandise, both of which are recorded as cost of sales, and the amount of proceeds from the sale. The cost of disposed merchandise is computed on the specific identification basis. Interim customer payments for layaway sales are recorded as customer deposits and subsequently recognized as revenue during the period in which the final payment is received. | ||||||||||||||||||
Merchandise Held for Disposition | ||||||||||||||||||
Merchandise held for disposition consists primarily of forfeited collateral from pawn loans not repaid and merchandise that is purchased directly from customers or from third parties. The carrying value of the forfeited collateral and other merchandise held for disposition is stated at the lower of cost (which is the cost basis in the loan or the amount paid for purchased merchandise) or fair value. With respect to the Company's foreign pawn operations, collateral underlying unredeemed pawn loans is not owned by the Company; however, the Company assumes the risk of loss on such collateral and is solely responsible for its care and disposition. Accordingly, the Company classifies these domestic and foreign assets as “Merchandise held for disposition, net” in the consolidated balance sheets. The Company provides an allowance for returns and an allowance for valuation based on management's evaluation of the current trends in performance, characteristics of the merchandise and historical shrinkage rates. Because the Company's pawn loans are made without recourse to the borrower, the Company does not investigate or rely upon the borrower's creditworthiness, but instead bases its lending decision on an evaluation of the pledged personal property. The amount financed is typically based on a percentage of the pledged personal property's estimated disposition value. The Company uses numerous sources in determining an item's estimated disposition value, including the Company's automated product valuation system as well as catalogs, “blue books,” newspapers, internet research and previous disposition experience. The Company performs a physical count of its merchandise in each location on multiple occasions on a cyclical basis and reviews the composition of inventory by category and age in order to assess the adequacy of the allowance. | ||||||||||||||||||
The allowance deducted from the carrying value of merchandise held for disposition amounted to $0.9 million and $0.7 million at December 31, 2012 and 2011, respectively. The Company offers customers a 30-day satisfaction guarantee, whereby the customer can return merchandise and receive a full refund, a replacement item of comparable value or store credit. Based on management's analysis of historical refund trends, the Company provided a return allowance of $0.3 million as of December 31, 2012 and 2011. | ||||||||||||||||||
Property And Equipment | ' | ' | ||||||||||||||||
Property and Equipment | ||||||||||||||||||
Property and equipment is recorded at cost. The cost of property retired or sold and the related accumulated depreciation are removed from the accounts, and any resulting gain or loss is recognized in the consolidated statements of income. Costs associated with repair and maintenance activities are expensed as incurred. Depreciation expense is generally provided on a straight-line basis, using the following estimated useful lives: | ||||||||||||||||||
Buildings and building improvements(a) | 7 to 40 years | |||||||||||||||||
Leasehold improvements(b) | 2 to 10 years | |||||||||||||||||
Furniture, fixtures and equipment | 3 to 7 years | |||||||||||||||||
Computer hardware and software | 1 to 10 years | |||||||||||||||||
(a) | Structural components are depreciated over 30 to 40 years, and the remaining building systems and features are depreciated over 7 to 20 years. | a a | ||||||||||||||||
(b) | Leasehold improvements are depreciated over the terms of the lease agreements with a maximum life of 10 years. | |||||||||||||||||
Software Development Costs | ' | ' | ||||||||||||||||
Software Development Costs | ||||||||||||||||||
The Company applies ASC 350-40, Internal Use Software (“ASC 350-40”), to its software purchase and development activities. Under ASC 350-40, eligible internal and external costs incurred for the development of computer applications, as well as for upgrades and enhancements that result in additional functionality of the applications, are capitalized. Internal and external training and maintenance costs are charged to expense as incurred or over the related service period. When a software application is placed in service, the Company begins amortizing the related capitalized software costs using the straight-line method based on its estimated useful life, which currently ranges from two to five years, except the Company's proprietary point-of-sale system, which is being amortized over 10 years. | ||||||||||||||||||
Goodwill And Other Intangible Assets | ' | ' | ||||||||||||||||
Goodwill and Other Indefinite-Lived Intangible Assets | Goodwill and Other Indefinite Lived Intangible Assets | |||||||||||||||||
Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In accordance with ASC 350-20-35, Goodwill—Subsequent Measurement, the Company tests goodwill and intangible assets with an indefinite life for potential impairment annually as of June 30 and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. | Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In accordance with ASC 350-20-35, Goodwill – Subsequent Measurement, the Company tests goodwill and intangible assets with an indefinite life for potential impairment annually as of June 30 and between annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. | |||||||||||||||||
The Company uses the income approach to complete its annual goodwill assessment. The income approach uses future cash flows and estimated terminal values for each of the Company's reporting units that are discounted using a market participant perspective to determine the fair value of each reporting unit, which is then compared to the carrying value of that reporting unit to determine if there is impairment. The income approach includes assumptions about revenue growth rates, operating margins and terminal growth rates discounted by an estimated weighted-average cost of capital derived from other publicly-traded companies that are similar but not identical from an operational and economic standpoint. The Company completed its annual assessment of goodwill as of June 30, 2013 and determined that the fair value of its goodwill was in excess of carrying value, and, as a result, no impairment existed at that date. | The Company uses the income approach to complete its annual goodwill assessment. The income approach uses future cash flows and estimated terminal values for each of the Company's reporting units that are discounted using a market participant perspective to determine the fair value of each reporting unit, which is then compared to the carrying value of that reporting unit to determine if there is impairment. The income approach includes assumptions about revenue growth rates, operating margins and terminal growth rates discounted by an estimated weighted-average cost of capital derived from other publicly-traded companies that are similar but not identical from an operational and economic standpoint. The Company completed its annual assessment of goodwill as of June 30, 2012 and determined that the fair value is significantly in excess of carrying value, and, as a result, no impairment existed at that date. See “Impairment Testing Related to the Mexico Reorganization” in Note 4 for a discussion of the goodwill assessment completed in September 2012 as a result of the Mexico Reorganization. | |||||||||||||||||
The Company performed its annual indefinite-lived intangible asset impairment test as of June 30, 2013. The Company elected to perform a qualitative assessment in accordance with Accounting Standards Update (“ASU”) No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment (“ASU 2012-02”), and determined that it was not more likely than not that the indefinite-lived intangible assets were impaired. Therefore, no further quantitative assessment was required. | All of the amounts of goodwill recorded in connection with the Company's acquisitions, except for the acquisition of Prenda Fácil, are expected to be deductible for tax purposes. | |||||||||||||||||
Long-Lived Assets Other Than Goodwill And Other Intangible Assets | ' | ' | ||||||||||||||||
Long-Lived Assets Other Than Goodwill and Other Intangible Assets | ||||||||||||||||||
An evaluation of the recoverability of property and equipment and intangible assets subject to amortization is performed whenever the facts and circumstances indicate that the carrying value may be impaired. An impairment loss is recognized if the future undiscounted cash flows associated with the asset and the estimated fair value of the asset are less than the asset's corresponding carrying value. The amount of the impairment loss, if any, is the excess of the asset's carrying value over its estimated fair value. See “Impairment Testing Related to the Mexico Reorganization” in Note 4 for a discussion of the goodwill assessment completed in September 2012 as a result of the Mexico Reorganization. | ||||||||||||||||||
The Company amortizes intangible assets subject to amortization on the basis of their expected periods of benefit, generally three to ten years. The costs of start-up activities and organization costs are charged to expense as incurred. | ||||||||||||||||||
Hedging And Derivatives Activity | ' | ' | ||||||||||||||||
Hedging and Derivatives Activity | ||||||||||||||||||
As a policy, the Company does not hold, issue or trade derivative instruments for speculative purposes. The Company does periodically use derivative financial instruments, such as interest rate cap agreements and foreign currency forward contracts for hedging purposes. Prior to 2012, the Company used interest rate cap agreements for the purpose of managing interest rate exposures that exist from ongoing business operations. During the year ended December 31, 2009, the Company entered into an interest rate cap agreement that was determined to be a perfectly effective cash flow hedge, pursuant to ASC 815-20-25, Derivatives and Hedging—Recognition (“ASC 815-20-25”), at inception and on an ongoing basis. The fair value of this interest rate cap agreement was recognized in “Other assets” in the accompanying consolidated balance sheets and changes in fair value were recognized in “Accumulated other comprehensive income (loss)” in the accompanying consolidated statements of equity. This interest rate cap agreement terminated in March 2012. The Company uses foreign currency forward contracts to minimize the effects of foreign currency risk in the United Kingdom, Australia and, prior to 2012, in Mexico. See Note 18. The Company may periodically enter into forward sale contracts with a major gold bullion bank to sell refined gold that is acquired in the normal course of business from the Company's liquidation of forfeited gold merchandise. These contracts are not accounted for as derivatives because they meet the criteria for the normal purchases and normal sales scope exception in ASC 815-20-25. | ||||||||||||||||||
Equity Securities | ' | ' | ||||||||||||||||
Equity Securities | ||||||||||||||||||
The Company accounts for its marketable and non-marketable equity securities in accordance with ASC 323-10, Investments—Equity Method and Joint Ventures and ASC 325-20, Investments—Other—Cost Method Investments, respectively. The Company's marketable securities, except for marketable securities related to the Company's Nonqualified Savings Plan, which are described below, are classified as available-for-sale and unrecognized gains and losses, net of tax, are recorded in “Accumulated other comprehensive income (loss)” in the consolidated statements of equity. The Company's non-marketable equity securities are recorded on a cost basis. The Company evaluates marketable and non-marketable equity securities for impairment on a quarterly basis. If an impairment of an equity security is determined to be other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary-impairment is identified. Marketable and non-marketable equity securities are held in “Other assets” in the consolidated balance sheets. | ||||||||||||||||||
The Company also holds marketable securities related to its Nonqualified Savings Plan. See Note 16 for a description of the Nonqualified Savings Plan. The securities are classified as trading securities and the unrealized gains and losses on these securities are netted with the costs of the plans in “Operations and administration expenses” on the consolidated statements of income. These marketable securities are recorded at fair value and have an offsetting liability of equal amount. The Nonqualified Savings Plan assets are held in “Other Assets” and the offsetting liability is held in | ||||||||||||||||||
“Accounts payable and accrued expenses" in the Company's consolidated balance sheets. | ||||||||||||||||||
Investments In Unconsolidated Subsidiaries | ' | ' | ||||||||||||||||
Investments in Unconsolidated Subsidiaries | ||||||||||||||||||
The Company records investments in unconsolidated subsidiaries initially at cost and subsequently adjusts them for equity in earnings and cash contributions and distributions. Earnings on unconsolidated investments are recorded under the equity method of accounting in “Equity in loss (income) of unconsolidated subsidiary” in the consolidated statements of income. Investments in unconsolidated subsidiaries are held in “Other assets” in the consolidated balance sheets. | ||||||||||||||||||
Operations And Administration Expenses | ' | ' | ||||||||||||||||
Operations and Administration Expenses | ||||||||||||||||||
Operations expenses include expenses incurred for occupancy, marketing and other charges that are directly related to the retail services and e-commerce segments. Operations expenses are incurred within the retail services locations and the Company's call centers for customer service and collections. In addition, costs related to management supervision, oversight of locations and other costs for the oversight of the Company's retail services locations are included in operations expenses. Administration expenses include expenses related to corporate service functions, such as legal, occupancy, executive oversight, insurance and risk management, public and government relations, internal audit, treasury, payroll, compliance and licensing, finance, accounting, tax and information systems. | ||||||||||||||||||
Marketing Expenses | ' | ' | ||||||||||||||||
Marketing Expenses | ||||||||||||||||||
Marketing expenses consist of online marketing costs such as sponsored search and advertising on social networking sites, and other marketing costs such as television, radio and print advertising. In addition, marketing expense includes lead purchase costs paid to marketers in exchange for providing leads to potential customers interested in using the Company's services. Online marketing and lead purchase costs are expensed as incurred. The production costs associated with other marketing are expensed as incurred. Other marketing costs are expensed over the media campaign period. The Company also has an agreement with an independent third party pursuant to which it pays a portion of the net revenue received from the customers referred to the Company by such third party. These expenses are included in “Operations and administration expenses” in the consolidated statements of income. | ||||||||||||||||||
Stock-Based Compensation | ' | ' | ||||||||||||||||
Stock-Based Compensation | ||||||||||||||||||
The Company accounts for its stock-based employee compensation plans in accordance with ASC 718-10-30, Compensation—Stock Compensation (“ASC 718-10-30”). In accordance with ASC 718-10-30, the Company recognizes compensation expense over the remaining vesting periods for stock-based awards. For performance-based stock awards, compensation expense is originally based on the number of shares that would vest if the Company achieved the level of performance that management estimates is the most probable outcome at the grant date. Throughout the requisite service period, management monitors the probability of achievement of the performance condition and adjusts stock-based compensation expense if necessary. | ||||||||||||||||||
Income Taxes | ' | ' | ||||||||||||||||
Income Taxes | ||||||||||||||||||
The provision for income taxes is based on income before income taxes as reported for financial statement purposes. Deferred income taxes are provided for in accordance with the assets and liability method of accounting for income taxes in order to recognize the tax effects of temporary differences between financial statement and income tax accounting. | ||||||||||||||||||
The Company performs an evaluation of the recoverability of its deferred tax assets on a quarterly basis. The Company establishes a valuation allowance if it is more likely than not (greater than 50 percent) that all or some portion of the deferred tax asset will not be realized. The Company analyzes several factors, including the nature and frequency of operating losses, the Company's carry-forward period for any losses, the reversal of future taxable temporary differences, the expected occurrence of future income or loss and the feasibility of available tax planning strategies to protect against the loss of deferred tax assets. | ||||||||||||||||||
The Company accounts for uncertainty in income taxes in accordance with ASC 740-10-25, Accounting for Uncertainty in Income Taxes (“ASC 740-10-25”). ASC 740-10-25 requires that a more-likely-than-not threshold be met before the benefit of a tax position may be recognized in the consolidated financial statements and prescribes how such benefit should be measured. It also provides guidance on recognition adjustment, classification, accrual of interest and penalties, accounting in interim periods, disclosure and transition. See Note 14. | ||||||||||||||||||
It is the Company's policy to classify interest and penalties on income tax liabilities as interest expense and operations and administration expense, respectively. | ||||||||||||||||||
Net Income Per Share | ' | ' | ||||||||||||||||
Net Income Per Share | ||||||||||||||||||
Basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during the year. Diluted net income per share is calculated by giving effect to the potential dilution that could occur if securities or other contracts to issue common shares were exercised and converted into common shares during the year. Restricted stock units issued under the Company's stock-based employee compensation plans are included in diluted shares upon the granting of the awards even though the vesting of shares will occur over time. Performance-based awards are included in diluted shares based on the level of performance that management estimates is the most probable outcome at the grant date. Throughout the requisite service period, management monitors the probability of achievement of the performance condition and, if material, adjusts the number of shares included in diluted shares accordingly. | ||||||||||||||||||
The following table sets forth the reconciliation of numerators and denominators of basic and diluted earnings per share computations for the years ended December 31, 2012, 2011 and 2010 (dollars and shares in thousands, except per share amounts): | ||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||
2012 | 2011 | 2010 | ||||||||||||||||
Numerator: | ||||||||||||||||||
Net income attributable to Cash America International, Inc. | $ | 107,470 | $ | 135,963 | $ | 115,538 | ||||||||||||
Denominator: | ||||||||||||||||||
Total weighted average basic shares (a) | 29,514 | 29,602 | 29,640 | |||||||||||||||
Shares applicable to stock-based compensation(b) | 174 | 251 | 548 | |||||||||||||||
Convertible debt(c) | 1,764 | 2,138 | 1,333 | |||||||||||||||
Total weighted average diluted shares (d) | 31,452 | 31,991 | 31,521 | |||||||||||||||
Net income – basic | $ | 3.64 | $ | 4.59 | $ | 3.9 | ||||||||||||
Net income – diluted | $ | 3.42 | $ | 4.25 | $ | 3.67 | ||||||||||||
(a)c | Includes vested restricted stock units of 287, 231 and 191, as well as shares in the Company's nonqualified deferred compensation plan of 31, 32 and 33 for the years ended December 31, 2012, 2011 and 2010, respectively. | |||||||||||||||||
(b) | For the years ended December 31, 2012, 2011 and 2010, includes shares related to outstanding option awards that are exercisable and unvested or deferred restricted stock unit awards. Although there were no stock option awards outstanding as of December 31, 2012, the dilutive effect of stock-based compensation is based on weighted amount of outstanding awards during the year; therefore, a portion of the stock option awards outstanding during 2012 are included in this amount. For the year ended December 31, 2011, there is an immaterial amount of unvested or deferred restricted stock units that are excluded from shares applicable to stock-based compensation because its impact would be anti-dilutive. | |||||||||||||||||
(c)C | The shares issuable with respect to the Company's 2009 Convertible Notes due 2029 have been calculated using the treasury stock method. The Company intends to settle the principal portion of the convertible debt in cash; therefore, only the shares related to the conversion spread have been included in weighted average diluted shares. | |||||||||||||||||
(d) | Except as described in footnote (b), there are no anti-dilutive shares. | |||||||||||||||||
Recently Adopted Accounting Pronouncements | ' | ' | ||||||||||||||||
Adopted Accounting Standards | Recently Adopted Accounting Pronouncements | |||||||||||||||||
In February 2013, the FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220) — Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which improves the reporting of reclassifications out of accumulated other comprehensive income. ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income by the respective line items on the consolidated statements of income that compose net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety from accumulated other comprehensive income to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. The Company adopted ASU 2013-02 on January 1, 2013, and the adoption did not have a material effect on its financial position, results of operations or other comprehensive income. See Note 7 for further discussion. | In September 2011, the FASB issued ASU No. 2011-08, Testing Goodwill for Impairment (“ASU 2011-08”). This update is intended to simplify goodwill impairment testing by adding an optional qualitative review step to assess whether the required quantitative impairment analysis that exists under generally accepted accounting principles in the United States (“GAAP”) is necessary. Under ASU 2011-08, a company will not be required to calculate the fair value of a reporting unit that contains recorded goodwill unless it concludes, based on the qualitative assessment, that it is more likely than not (a likelihood of more than 50 percent) that the fair value of that reporting unit is less than its book value. If such a decline in fair value is deemed more likely than not to have occurred, then the quantitative goodwill impairment test that exists under current GAAP must be completed. If not, goodwill is deemed not impaired and no further testing is required until the next annual test date, unless conditions or events before that date raise concerns of potential impairment. The amended goodwill impairment guidance does not affect the manner in which a company estimates fair value. The Company adopted ASU 2011-08 on January 1, 2012 and exercised its option to bypass the qualitative assessment and utilized only a quantitative assessment in its annual goodwill assessment, which was completed in June 2012, and its additional goodwill assessment completed in September 2012. See Notes 4 and 22. The adoption of ASU 2011-08 did not have a material effect on the Company's financial position or results of operations. | |||||||||||||||||
In July 2012, the FASB issued ASU 2012-02. ASU 2012-02 provides companies with the option to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not (a likelihood of more than 50 percent) that the indefinite-lived intangible asset is impaired. If a company concludes that it is more likely than not that the asset is impaired, it is required to determine the fair value of the intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying value in accordance with ASC 350, Intangibles—Goodwill and Other. If a company concludes otherwise, no further quantitative assessment is required. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, although early adoption is permitted. The Company adopted ASU 2012-02 on January 1, 2013, and the adoption did not have a material effect on its financial position or results of operations. | In June 2011, the FASB issued ASU No. 2011-05, Presentation of Comprehensive Income (“ASU 2011-05”), which enhances comparability between entities that report under GAAP and those that report under International Financial Reporting Standards (“IFRS”). ASU 2011-05 requires companies to present the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements. It eliminates the option to present components of other comprehensive income as part of the statement of equity. ASU 2011-05 is effective for the Company's interim and annual periods beginning after December 15, 2011 and must be applied retrospectively. In December 2011, the FASB issued ASU No. 2011-12, Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05 ("ASU 2011-12"). ASU 2011-12 effectively defers only those changes in ASU 2011-05 that relate to the presentation of reclassification adjustments out of accumulated other comprehensive income. The Company adopted ASU 2011-05 and ASU 2011-12 on January 1, 2012 and the adoption did not have a material effect on its financial position or results of operations. | |||||||||||||||||
In December 2011, the FASB issued ASU No. 2011-11, Disclosures about Offsetting Assets and Liabilities (Topic 210) (“ASU 2011-11”). ASU 2011-11 requires a company to provide enhanced disclosures about financial instruments and derivative instruments that are either presented on a net basis on the balance sheet or are subject to an enforceable master netting or similar arrangement. In January 2013, the FASB issued ASU No. 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01”), which limits the scope of ASU 2011-11 by requiring additional disclosure about financial instruments and derivative instruments that are either offset in the statement of financial position or subject to an enforceable master netting arrangement. ASU 2013-01 requires retrospective disclosure for all comparative periods. ASU 2011-11 and ASU 2013-01 are effective for annual and interim reporting periods beginning January 1, 2013. The Company adopted ASU 2011-11 and ASU 2013-01 on January 1, 2013, and the adoption of these standards did not have a material effect on its financial position or results of operations. See Note 13 for further discussion. | In May 2011, the FASB issued ASU No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (“ASU 2011-04”), which amends ASC 820, Fair Value Measurement (“ASC 820”). ASU 2011-04 provides a consistent definition and measurement of fair value, as well as similar disclosure requirements between GAAP and IFRS. ASU 2011-04 changes certain fair value measurement principles, clarifies the application of existing fair value measurement and expands the ASC 820 disclosure requirements, particularly for Level 3 fair value measurements. ASU 2011-04 is effective for the Company prospectively for interim and annual periods beginning after December 15, 2011. The Company adopted ASU 2011-04 on January 1, 2012 and the adoption did not have a material effect on its financial position or results of operations. | |||||||||||||||||
Recently Issued Accounting Pronouncements [Policy Text Block] | ' | ' | ||||||||||||||||
Accounting Standards to be Adopted in Future Periods | Recently Issued Accounting Pronouncements | |||||||||||||||||
In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”), which provides guidance on the presentation of unrecognized tax benefits when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. The amendments in this update are effective for fiscal years (and interim periods within those years) beginning after December 15, 2013. Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The Company does not expect ASU 2013-11 to have a material effect on the Company's financial condition or results of operations. | In July 2012, the FASB issued Accounting Standards Update (“ASU”) 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment (“ASU 2012-02”). ASU 2012-02 provides companies with the option to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not (a likelihood of more than 50 percent) that the indefinite-lived intangible asset is impaired. If a company concludes that it is more likely than not that the asset is impaired, it is required to determine the fair value of the intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying value in accordance with ASC 350, Intangibles—Goodwill and Other. If a company concludes otherwise, no further quantitative assessment is required. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, although early adoption is permitted. The Company intends to adopt ASU 2012-02 beginning with its annual indefinite-lived intangible asset impairment test during the second quarter of 2013. The Company does not expect the adoption to have a material effect on its financial position or results of operations. | |||||||||||||||||
In March 2013, the FASB issued ASU No. 2013-05, Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity (a consensus of the FASB Emerging Issues Task Force) (“ASU 2013-05”), which applies to the release of the cumulative translation adjustment into net income when a parent either sells all or a part of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity. ASU 2013-05 is effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. The Company does not expect ASU 2013-05 to have a material effect on the Company's financial condition or results of operations. | In December 2011, the FASB issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities (Topic 210) (“ASU 2011-11”). ASU 2011-11 requires a company to provide enhanced disclosures about financial instruments and derivative instruments that are either presented net in the statement of financial position or are subject to an enforceable master netting or similar arrangement. ASU 2011-11 is effective for annual and interim reporting periods beginning on or after January 1, 2013. The Company does not expect the adoption of ASU 2011-11 to have a material effect on its financial position or results of operations. | |||||||||||||||||
Significant_Accounting_Policie2
Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||
Significant Accounting Policies [Abstract] | ' | ||||||||||||||||
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | ' | ||||||||||||||||
Year Ended | Year Ended | ||||||||||||||||
31-Dec-11 | 31-Dec-10 | ||||||||||||||||
As previously reported | As Adjusted | As previously reported | As Adjusted | ||||||||||||||
Consolidated Statements of Income | |||||||||||||||||
Pawn loan fees and service charges | $ | 291,891 | $ | 282,197 | $ | 253,314 | $ | 243,713 | |||||||||
Proceeds from disposition of merchandise | 636,728 | 688,884 | 534,878 | 588,190 | |||||||||||||
Total revenue | 1,540,602 | 1,583,064 | 1,293,339 | 1,337,050 | |||||||||||||
Disposed merchandise | 405,155 | 447,617 | 338,756 | 382,467 | |||||||||||||
Total cost of revenue | 630,843 | 673,305 | 521,150 | 564,861 | |||||||||||||
Net revenue | 909,759 | 909,759 | 772,189 | 772,189 | |||||||||||||
Consolidated Statement of Cash Flows | |||||||||||||||||
Merchandise other than forfeited | $ | -7,238 | $ | -7,150 | $ | -6,914 | $ | -1,869 | |||||||||
Prepaid expenses and other assets | -2,723 | 2,337 | 1,337 | 4,146 | |||||||||||||
Net cash provided by operating activities | 448,856 | 454,004 | 351,306 | 359,160 | |||||||||||||
Pawn loans repaid | 453,350 | 408,105 | 391,440 | 340,267 | |||||||||||||
Principal recovered through dispositions of forfeited pawn loans | 275,547 | 316,651 | 248,850 | 291,163 | |||||||||||||
Net cash used in investing activities | -477,903 | -482,044 | -368,205 | -377,065 | |||||||||||||
Consolidated Statement of Cash Flows—Supplemental Disclosures | |||||||||||||||||
Pawn loans forfeited and transferred to merchandise held for disposition | $ | 299,693 | $ | 334,869 | $ | 245,872 | $ | 297,045 | |||||||||
As of December 31, 2011 | |||||||||||||||||
As previously reported | As Adjusted | ||||||||||||||||
Consolidated Balance Sheet | |||||||||||||||||
Merchandise held for disposition, net | $ | 151,274 | $ | 161,884 | |||||||||||||
Prepaid expenses and other assets | 41,911 | 31,301 | |||||||||||||||
Estimated Useful Lives | ' | ||||||||||||||||
Buildings and building improvements(a) | 7 to 40 years | ||||||||||||||||
Leasehold improvements(b) | 2 to 10 years | ||||||||||||||||
Furniture, fixtures and equipment | 3 to 7 years | ||||||||||||||||
Computer hardware and software | 1 to 10 years | ||||||||||||||||
(a) | Structural components are depreciated over 30 to 40 years, and the remaining building systems and features are depreciated over 7 to 20 years. | a a | |||||||||||||||
(b) | Leasehold improvements are depreciated over the terms of the lease agreements with a maximum life of 10 years. | ||||||||||||||||
Reconciliation Of Numerators And Denominators Of Basic And Diluted Earnings Per Share Computations | ' | ||||||||||||||||
For the year ended December 31, | |||||||||||||||||
2012 | 2011 | 2010 | |||||||||||||||
Numerator: | |||||||||||||||||
Net income attributable to Cash America International, Inc. | $ | 107,470 | $ | 135,963 | $ | 115,538 | |||||||||||
Denominator: | |||||||||||||||||
Total weighted average basic shares (a) | 29,514 | 29,602 | 29,640 | ||||||||||||||
Shares applicable to stock-based compensation(b) | 174 | 251 | 548 | ||||||||||||||
Convertible debt(c) | 1,764 | 2,138 | 1,333 | ||||||||||||||
Total weighted average diluted shares (d) | 31,452 | 31,991 | 31,521 | ||||||||||||||
Net income – basic | $ | 3.64 | $ | 4.59 | $ | 3.9 | |||||||||||
Net income – diluted | $ | 3.42 | $ | 4.25 | $ | 3.67 | |||||||||||
(a)c | Includes vested restricted stock units of 287, 231 and 191, as well as shares in the Company's nonqualified deferred compensation plan of 31, 32 and 33 for the years ended December 31, 2012, 2011 and 2010, respectively. | ||||||||||||||||
(b) | For the years ended December 31, 2012, 2011 and 2010, includes shares related to outstanding option awards that are exercisable and unvested or deferred restricted stock unit awards. Although there were no stock option awards outstanding as of December 31, 2012, the dilutive effect of stock-based compensation is based on weighted amount of outstanding awards during the year; therefore, a portion of the stock option awards outstanding during 2012 are included in this amount. For the year ended December 31, 2011, there is an immaterial amount of unvested or deferred restricted stock units that are excluded from shares applicable to stock-based compensation because its impact would be anti-dilutive. | ||||||||||||||||
(c)C | The shares issuable with respect to the Company's 2009 Convertible Notes due 2029 have been calculated using the treasury stock method. The Company intends to settle the principal portion of the convertible debt in cash; therefore, only the shares related to the conversion spread have been included in weighted average diluted shares. | ||||||||||||||||
(d) | Except as described in footnote (b), there are no anti-dilutive shares. |
Acquisitions_Tables
Acquisitions (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | ||||||||||||||||||||
Nine Stores Pawn Lending Locations [Member] | Twenty Five Stores Pawn Lending Locations [Member] | Pawn Partners, Inc. [Member] | Maxit [Member] | |||||||||||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | |||||||||||||||||||
Schedule of Purchase Price Allocation [Table Text Block] | ' | ' | ' | ' | ' | |||||||||||||||||||
Pawn loans | $ | 14,468 | Pawn loans | $ | 3,887 | Pawn loans | $ | 7,057 | Pawn loans | $ | 10,657 | Pawn loans | $ | 20,714 | ||||||||||
Merchandise acquired | 8,024 | Merchandise held for disposition | 712 | Merchandise held for disposition | 7,534 | Merchandise held for disposition | 5,485 | Merchandise acquired | 6,217 | |||||||||||||||
Pawn loan fees and service charges receivable | 2,094 | Pawn loan fees and service charges receivable | 509 | Pawn loan fees and service charges receivable | 1,506 | Pawn loan fees and service charges receivable | 1,424 | Pawn loan fees and service charges receivable | 2,268 | |||||||||||||||
Property and equipment | 4,230 | Property and equipment | 200 | Property and equipment | 631 | Property and equipment | 70 | Property and equipment | 7,578 | |||||||||||||||
Goodwill | 62,335 | Goodwill | 7,662 | Goodwill | 31,521 | Goodwill | 26,679 | Goodwill | 26,246 | |||||||||||||||
Intangible assets (a) | 14,404 | Intangible assets | 2,500 | Intangible assets | 8,000 | Intangible assets | 9,570 | Intangible assets | 7,500 | |||||||||||||||
Other assets | 383 | Other assets | 103 | Customer deposits | -1,158 | Other liabilities | -99 | Other assets | 80 | |||||||||||||||
Other liabilities | -829 | Customer deposits | -14 | Total consideration paid for acquisition | $ | 55,091 | Customer deposits | -225 | Other liabilities | -1,426 | ||||||||||||||
Customer deposits | -1,365 | Net assets acquired | $ | 15,559 | Net assets acquired | $ | 53,561 | Customer deposits | -149 | |||||||||||||||
Total consideration paid for acquisition, net of cash acquired | $ | 103,744 | Cash consideration payable as of acquisition date | -128 | Cash consideration payable | -4,300 | Total consideration paid for acquisition, net of cash acquired | $ | 69,028 | |||||||||||||||
Includes $11.9 million related to customer relationships being amortized over seven years and $2.5 million related to a non-competition agreement being amortized over 10 years. | Total cash paid for acquisition as of acquisition date | $ | 15,431 | Total cash paid for acquisition as of December 31, 2011 | $ | 49,261 | Restricted stock paid for acquisition | -10,854 | ||||||||||||||||
Cash paid in 2012 upon receipt of regulatory licenses | 4,300 | Total cash paid for acquisition, net of cash acquired | $ | 58,174 | ||||||||||||||||||||
Total consideration paid for acquisition | $ | 53,561 |
Reorganization_of_Mexicobased_1
Reorganization of Mexico-based Pawn Operations (Table) | 12 Months Ended | ||||||||||||||
Dec. 31, 2012 | |||||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||||
Schedule Of Restructuring And Related Costs [Table Text Block] | ' | ||||||||||||||
Type of expense | Description | Amount | |||||||||||||
Depreciation and amortization expenses | Impairment and losses on property and equipment | $ | 7,478 | ||||||||||||
Provision for income taxes | Deferred tax asset valuation allowance | 7,161 | |||||||||||||
Depreciation and amortization expenses | Impairment of intangible assets | 5,086 | |||||||||||||
Operations and administration expenses | Employee termination costs | 2,424 | |||||||||||||
Operations and administration expenses | Inventory shrinkage and loss on sale of assets | 2,395 | |||||||||||||
Operations and administration expenses | Lease termination costs | 1,628 | |||||||||||||
Operations and administration expenses | Impairment of other assets | 1,211 | |||||||||||||
Operations and administration expenses | Other restructuring charges | 798 | |||||||||||||
Revenue | Uncollectible receivables | 692 | |||||||||||||
Total charges related to the Mexico Reorganization | $ | 28,873 | |||||||||||||
For the year ended December 31, 2012 | |||||||||||||||
Charges | Cash Payments | Foreign currency changes | Non-cash charges | Accrued balance as of December 31, 2012 | |||||||||||
Employee termination costs | $ | 2,424 | $ | -2,427 | $ | 3 | $ | - | $ | - | |||||
Lease termination costs | 1,628 | -597 | 7 | -929 | 109 | ||||||||||
Total | $ | 4,052 | $ | -3,024 | $ | 10 | $ | -929 | $ | 109 |
Consumer_Loans_Credit_Quality_1
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Estimated Losses On Consumer Loans (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Estimated Losses On Consumer Loans [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Consumer Loan Fee Revenue | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | Year Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2012 | 2011 | 2010 | ||||||||||||||||||||||||||||||||||||||||||||||
Interest and fees on short-term loans | $ | 118,775 | $ | 145,857 | $ | 385,548 | $ | 420,439 | Interest and fees on short-term loans | $ | 569,765 | $ | 510,881 | $ | 445,220 | |||||||||||||||||||||||||||||||||||||
Interest and fees on line of credit accounts | 50,504 | 20,077 | 102,021 | 45,998 | Interest and fees on line of credit accounts | 73,572 | 30,590 | 33,655 | (a) | |||||||||||||||||||||||||||||||||||||||||||
Interest and fees on installment loans | 58,284 | 39,160 | 152,630 | 92,219 | Interest and fees on installment loans | 138,183 | 57,175 | 12,077 | ||||||||||||||||||||||||||||||||||||||||||||
Total consumer loan revenue | $ | 227,563 | $ | 205,094 | $ | 640,199 | $ | 558,656 | Total consumer loan revenue | $ | 781,520 | $ | 598,646 | $ | 490,952 | |||||||||||||||||||||||||||||||||||||
(a)a a a | Includes MLOC receivables, which are participation interests in receivables acquired from a third-party lender in connection with the MLOC services the Company offered. The Company stopped providing MLOC services on behalf of a third-party lender in October 2010 when the lender discontinued offering MLOC advances. | |||||||||||||||||||||||||||||||||||||||||||||||||||
Components Of Company-Owned Consumer Loans And Receivables | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||
As of September 30, 2013 | As of December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||
Current loans | $ | 103,320 | $ | 87,554 | $ | 155,100 | $ | 345,974 | Current loans | $ | 146,732 | $ | 36,603 | $ | 117,641 | $ | 300,976 | |||||||||||||||||||||||||||||||||||
Delinquent loans | 41,706 | 12,052 | 18,505 | 72,263 | Delinquent loans | 52,565 | 6,097 | 15,483 | 74,145 | |||||||||||||||||||||||||||||||||||||||||||
Total consumer loans, gross | 145,026 | 99,606 | 173,605 | 418,237 | Total consumer loans, gross | 199,297 | 42,700 | 133,124 | 375,121 | |||||||||||||||||||||||||||||||||||||||||||
Less: allowance for losses | -34,829 | -21,934 | -33,193 | -89,956 | Less: Allowance for losses | -45,982 | -11,107 | -28,614 | -85,703 | |||||||||||||||||||||||||||||||||||||||||||
Consumer loans, net | $ | 110,197 | $ | 77,672 | $ | 140,412 | $ | 328,281 | Consumer loans, net | $ | 153,315 | $ | 31,593 | $ | 104,510 | $ | 289,418 | |||||||||||||||||||||||||||||||||||
As of September 30, 2012 | As of December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||
Current loans | $ | 130,034 | $ | 33,724 | $ | 98,262 | $ | 262,020 | Current loans | $ | 137,672 | $ | 19,384 | $ | 59,146 | $ | 216,202 | |||||||||||||||||||||||||||||||||||
Delinquent loans | 52,438 | 4,879 | 16,734 | 74,051 | Delinquent loans | 56,884 | 2,264 | 10,500 | 69,648 | |||||||||||||||||||||||||||||||||||||||||||
Total consumer loans, gross | 182,472 | 38,603 | 114,996 | 336,071 | Total consumer loans, gross | 194,556 | 21,648 | 69,646 | 285,850 | |||||||||||||||||||||||||||||||||||||||||||
Less: allowance for losses | -43,852 | -8,163 | -27,231 | -79,246 | Less: Allowance for losses | -46,406 | -3,723 | -12,943 | -63,072 | |||||||||||||||||||||||||||||||||||||||||||
Consumer loans, net | $ | 138,620 | $ | 30,440 | $ | 87,765 | $ | 256,825 | Consumer loans, net | $ | 148,150 | $ | 17,925 | $ | 56,703 | $ | 222,778 | |||||||||||||||||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Current loans | $ | 146,732 | $ | 36,603 | $ | 117,641 | $ | 300,976 | ||||||||||||||||||||||||||||||||||||||||||||
Delinquent loans | 52,565 | 6,097 | 15,483 | 74,145 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans, gross | 199,297 | 42,700 | 133,124 | 375,121 | ||||||||||||||||||||||||||||||||||||||||||||||||
Less: allowance for losses | -45,982 | -11,107 | -28,614 | -85,703 | ||||||||||||||||||||||||||||||||||||||||||||||||
Consumer loans, net | $ | 153,315 | $ | 31,593 | $ | 104,510 | $ | 289,418 | ||||||||||||||||||||||||||||||||||||||||||||
Changes In Allowance For Losses | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||
Allowance for losses for Company-owned consumer loans: | Allowance for losses for Company-owned consumer loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 42,068 | $ | 10,649 | $ | 27,146 | $ | 79,863 | Balance at beginning of period | $ | 46,406 | $ | 3,723 | $ | 12,943 | $ | 63,072 | |||||||||||||||||||||||||||||||||||
Consumer loan loss provision | 42,032 | 25,140 | 32,738 | 99,910 | Consumer loan loss provision | 202,008 | 34,793 | 79,057 | 315,858 | |||||||||||||||||||||||||||||||||||||||||||
Charge-offs | -58,862 | -15,414 | -30,762 | -105,038 | Charge-offs | -241,641 | -31,399 | -69,438 | -342,478 | |||||||||||||||||||||||||||||||||||||||||||
Recoveries | 9,591 | 1,559 | 4,071 | 15,221 | Recoveries | 39,209 | 3,990 | 6,052 | 49,251 | |||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 34,829 | $ | 21,934 | $ | 33,193 | $ | 89,956 | Balance at end of period | $ | 45,982 | $ | 11,107 | $ | 28,614 | $ | 85,703 | |||||||||||||||||||||||||||||||||||
Liability for third-party lender-owned consumer loans: | Liability for third-party lender-owned consumer loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 2,439 | $ | - | 608 | $ | 3,047 | Balance at beginning of period | $ | 2,617 | $ | - | $ | 445 | $ | 3,062 | ||||||||||||||||||||||||||||||||||||
(Decrease) increase in liability | -226 | - | 9 | -217 | Increase in liability | 317 | - | 119 | 436 | |||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 2,213 | $ | - | 617 | $ | 2,830 | Balance at end of period | $ | 2,934 | $ | - | $ | 564 | $ | 3,498 | ||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2012 | Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||
Allowance for losses for Company-owned consumer loans: | Allowance for losses for Company-owned consumer loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 45,409 | $ | 5,243 | $ | 19,919 | $ | 70,571 | Balance at beginning of period | $ | 32,942 | $ | 3,023 | $ | 2,988 | $ | 38,953 | |||||||||||||||||||||||||||||||||||
Consumer loan loss provision | 50,846 | 9,656 | 23,155 | 83,657 | Consumer loan loss provision | 180,791 | 7,825 | 36,848 | 225,464 | |||||||||||||||||||||||||||||||||||||||||||
Charge-offs | -63,281 | -8,817 | -17,635 | -89,733 | Charge-offs | -196,643 | -7,877 | -28,201 | -232,721 | |||||||||||||||||||||||||||||||||||||||||||
Recoveries | 10,878 | 2,081 | 1,792 | 14,751 | Recoveries | 29,316 | 752 | 1,308 | 31,376 | |||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 43,852 | $ | 8,163 | $ | 27,231 | $ | 79,246 | Balance at end of period | $ | 46,406 | $ | 3,723 | $ | 12,943 | $ | 63,072 | |||||||||||||||||||||||||||||||||||
Liability for third-party lender-owned consumer loans: | Liability for third-party lender-owned consumer loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 2,417 | $ | - | $ | 378 | $ | 2,795 | Balance at beginning of period | $ | 2,610 | $ | - | $ | 228 | $ | 2,838 | |||||||||||||||||||||||||||||||||||
Increase in liability | 618 | - | 24 | 642 | Increase in liability | 7 | - | 217 | 224 | |||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 3,035 | $ | - | $ | 402 | $ | 3,437 | Balance at end of period | $ | 2,617 | $ | - | $ | 445 | $ | 3,062 | |||||||||||||||||||||||||||||||||||
NIne Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | Year Ended December 31, 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts(a) | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for losses for Company-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 45,982 | $ | 11,107 | $ | 28,614 | $ | 85,703 | Allowance for losses for Company-owned consumer loans: | |||||||||||||||||||||||||||||||||||||||||||
Consumer loan loss provision | 130,624 | 41,612 | 80,206 | 252,442 | Balance at beginning of period | $ | 25,194 | $ | 1,636 | $ | 520 | $ | 27,350 | |||||||||||||||||||||||||||||||||||||||
Charge-offs | -172,504 | -35,490 | -86,237 | -294,231 | Consumer loan loss provision | 161,155 | 14,787 | 6,558 | 182,500 | |||||||||||||||||||||||||||||||||||||||||||
Recoveries | 30,727 | 4,705 | 10,610 | 46,042 | Charge-offs | -178,774 | -14,462 | -4,375 | -197,611 | |||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 34,829 | $ | 21,934 | $ | 33,193 | $ | 89,956 | Recoveries | 25,367 | 1,062 | 285 | 26,714 | |||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 32,942 | $ | 3,023 | $ | 2,988 | $ | 38,953 | ||||||||||||||||||||||||||||||||||||||||||||
Liability for third-party lender-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 2,934 | $ | - | $ | 564 | $ | 3,498 | Liability for third-party lender-owned consumer loans: | |||||||||||||||||||||||||||||||||||||||||||
(Decrease) increase in liability | -721 | - | 53 | -668 | Balance at beginning of period | $ | 2,944 | $ | - | $ | - | $ | 2,944 | |||||||||||||||||||||||||||||||||||||||
Balance at end of period | -1 | $ | 2,213 | $ | - | $ | 617 | $ | 2,830 | (Decrease) increase in liability | -334 | - | 228 | -106 | ||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 2,610 | $ | - | $ | 228 | $ | 2,838 | ||||||||||||||||||||||||||||||||||||||||||||
NIne Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Short-term Loans | Line of Credit Accounts | Installment Loans | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for losses for Company-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 46,406 | $ | 3,723 | $ | 12,943 | $ | 63,072 | ||||||||||||||||||||||||||||||||||||||||||||
Consumer loan loss provision | 146,156 | 18,259 | 54,289 | 218,704 | ||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | -178,095 | -16,572 | -44,178 | -238,845 | ||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 29,385 | 2,753 | 4,177 | 36,315 | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 43,852 | $ | 8,163 | $ | 27,231 | $ | 79,246 | ||||||||||||||||||||||||||||||||||||||||||||
Liability for third-party lender-owned consumer loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 2,617 | $ | - | $ | 445 | $ | 3,062 | ||||||||||||||||||||||||||||||||||||||||||||
Increase (decrease) in liability | 418 | - | -43 | 375 | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at end of period | $ | 3,035 | $ | - | $ | 402 | $ | 3,437 |
Merchandise_Held_For_Dispositi1
Merchandise Held For Disposition (Table) | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||
Inventory Disclosure Abstract | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Inventory Current Table Tex tBlock | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||
As of September 30, | As of December 31, | As of December 31, | |||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2012 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||||||||
Total | Allowance | Net | Total | Allowance | Net | Total | Allowance | Net | Total | Allowance | Net | Total | Allowance | Net | |||||||||||||||||||||||||||||||||
Domestic | $ | 187,718 | $ | -840 | $ | 186,878 | $ | 160,775 | $ | -700 | $ | 160,075 | $ | 162,495 | $ | -840 | $ | 161,655 | Domestic | $ | 162,495 | $ | -840 | $ | 161,655 | $ | 151,974 | $ | -700 | $ | 151,274 | ||||||||||||||||
Foreign | 6,345 | -108 | 6,237 | 11,221 | -11 | 11,210 | 5,765 | -11 | 5,754 | Foreign | 5,765 | -11 | 5,754 | 10,610 | - | 10,610 | |||||||||||||||||||||||||||||||
Total | $ | 194,063 | $ | -948 | $ | 193,115 | $ | 171,996 | $ | -711 | $ | 171,285 | $ | 168,260 | $ | -851 | $ | 167,409 | Total | $ | 168,260 | $ | -851 | $ | 167,409 | $ | 162,584 | $ | -700 | $ | 161,884 |
Prepaid_Expenses_And_Other_Ass1
Prepaid Expenses And Other Assets (Tables) | 12 Months Ended | ||||||
Dec. 31, 2012 | |||||||
Prepaid Expenses And Other Assets [Abstract] | ' | ||||||
Summary Of Prepaid Expenses And Other Assets | ' | ||||||
As of December 31, | |||||||
2012 | 2011 | ||||||
Nonqualified savings plan assets | $ | 11,347 | $ | 8,264 | |||
Marketable equity securities | 6,042 | 4,412 | |||||
CSO fees receivable | 6,758 | 5,822 | |||||
Prepaid advertising | 1,532 | 1,628 | |||||
Prepaid insurance | 1,329 | 1,045 | |||||
Prepaid hardware and software maintenance | 2,487 | 2,273 | |||||
Other prepaid expenses | 3,878 | 6,271 | |||||
Other assets | 2,232 | 1,586 | |||||
Total | $ | 35,605 | $ | 31,301 |
Property_And_Equipment_Tables
Property And Equipment (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2012 | ||||||||||||||||||
Property And Equipment [Abstract] | ' | |||||||||||||||||
Classifications Of Property And Equipment | ' | |||||||||||||||||
As of December 31, | ||||||||||||||||||
2012 | 2011 | |||||||||||||||||
Accumulated | Accumulated | |||||||||||||||||
Cost | Depreciation | Net | Cost | Depreciation | Net | |||||||||||||
Land | $ | 5,335 | $ | - | $ | 5,335 | $ | 5,335 | $ | - | $ | 5,335 | ||||||
Buildings and leasehold improvements | 230,665 | -124,690 | 105,975 | 210,337 | -111,946 | 98,391 | ||||||||||||
Furniture, fixtures and equipment | 155,118 | -100,139 | 54,979 | 135,487 | -88,422 | 47,065 | ||||||||||||
Computer software | 168,728 | -73,246 | 95,482 | 151,142 | -55,504 | 95,638 | ||||||||||||
Total | $ | 559,846 | $ | -298,075 | $ | 261,771 | $ | 502,301 | $ | -255,872 | $ | 246,429 |
Goodwill_And_Other_Intangible_1
Goodwill And Other Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2012 | ||||||||||||||||||
Goodwill And Other Intangible Assets [Abstract] | ' | |||||||||||||||||
Changes In The Carrying Value Of Goodwill | ' | |||||||||||||||||
Retail | ||||||||||||||||||
Services | E-Commerce | Consolidated | ||||||||||||||||
Balance as of January 1, 2012 | $ | 352,439 | $ | 210,282 | $ | 562,721 | ||||||||||||
Acquisitions and purchase price adjustments | 41,209 | 89 | 41,298 | |||||||||||||||
Effect of foreign currency translation | 4,197 | - | 4,197 | |||||||||||||||
Balance as of December 31, 2012 | $ | 397,845 | $ | 210,371 | $ | 608,216 | ||||||||||||
Balance as of January 1, 2011 | $ | 333,042 | $ | 210,282 | $ | 543,324 | ||||||||||||
Acquisitions and purchase price adjustments | 26,679 | - | 26,679 | |||||||||||||||
Effect of foreign currency translation | -7,282 | - | -7,282 | |||||||||||||||
Balance as of December 31, 2011 | $ | 352,439 | $ | 210,282 | $ | 562,721 | ||||||||||||
Acquired Intangible Assets Subject To Amortization | ' | |||||||||||||||||
As of December 31, | ||||||||||||||||||
2012 | 2011 | |||||||||||||||||
Accumulated | Accumulated | |||||||||||||||||
Cost | Amortization | Net | Cost | Amortization | Net | |||||||||||||
Non-competition agreements | $ | 18,033 | $ | -12,968 | $ | 5,065 | $ | 21,364 | $ | -13,537 | $ | 7,827 | ||||||
Customer relationships | 30,515 | -14,440 | 16,075 | 26,607 | -17,297 | 9,310 | ||||||||||||
Trademarks | 360 | -259 | 101 | 211 | -199 | 12 | ||||||||||||
Other | 586 | -353 | 233 | 576 | -300 | 276 | ||||||||||||
Total | $ | 49,494 | $ | -28,020 | $ | 21,474 | $ | 48,758 | $ | -31,333 | $ | 17,425 | ||||||
Estimated Future Amortization Expense | ' | |||||||||||||||||
Year | Amount | |||||||||||||||||
2013 | $ | 4,746 | ||||||||||||||||
2014 | 3,511 | |||||||||||||||||
2015 | 3,318 | |||||||||||||||||
2016 | 2,976 | |||||||||||||||||
2017 | 2,391 |
Accounts_Payable_And_Accrued_E1
Accounts Payable And Accrued Expenses (Tables) | 12 Months Ended | |||||
Dec. 31, 2012 | ||||||
Accounts Payable And Accrued Expenses [Abstract] | ' | |||||
Accounts Payable And Accrued Expenses | ' | |||||
As of December 31, | ||||||
2012 | 2011 | |||||
Trade accounts payable | $ | 35,380 | $ | 36,710 | ||
Accrued taxes, other than income taxes | 5,847 | 5,568 | ||||
Accrued payroll and fringe benefits | 40,036 | 40,412 | ||||
Accrued interest payable | 3,030 | 1,957 | ||||
Accrual for consumer loan payments rejected for non-sufficient funds | 10,134 | 10,224 | ||||
Liability for losses on third-party lender-owned consumer loans | 3,498 | 3,062 | ||||
Ohio Reimbursements(a) | 13,400 | - | ||||
Other accrued liabilities | 15,339 | 15,180 | ||||
Total | $ | 126,664 | $ | 113,113 | ||
See Note 15 for further discussion of the Ohio Reimbursements (as defined in Note 15). | ||||||
(a) |
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||
Long-Term Debt [Abstract] | ' | ' | ||||||||||||||||
Schedule Of Long-Term Debt | ' | ' | ||||||||||||||||
Balance as of | Balance at | |||||||||||||||||
September 30, | December 31, | December 31, | ||||||||||||||||
2013 | 2012 | 2012 | 2012 | 2011 | ||||||||||||||
Domestic and multi-currency line of credit due 2018 | $ | 120,225 | $ | 288,266 | $ | 301,011 | Domestic and multi-currency line of credit up to $380,000 ($100,000 matures 2013, $280,000 matures 2015) | $ | 301,011 | $ | 280,839 | |||||||
6.12% senior unsecured notes due 2012 | - | 13,333 | - | 6.12% senior unsecured notes due 2012 | - | 16,667 | ||||||||||||
6.09% Series A senior unsecured notes due 2016 | 28,000 | 35,000 | 28,000 | Variable rate senior unsecured note due 2015 | 41,667 | 50,000 | ||||||||||||
7.26% senior unsecured notes due 2017 | 20,000 | 25,000 | 25,000 | 6.09% senior unsecured notes due 2016 | 28,000 | 35,000 | ||||||||||||
Variable rate senior unsecured notes due 2018 | 35,417 | 43,750 | 41,667 | 7.26% senior unsecured notes due 2017 | 25,000 | 25,000 | ||||||||||||
5.75% senior unsecured notes due 2018 | 300,000 | 0 | 0 | 6.00% Series A senior unsecured notes due 2019 | 47,000 | 0 | ||||||||||||
6.00% Series A senior unsecured notes due 2019 | 47,000 | 47,000 | 47,000 | 6.21% senior unsecured notes due 2021 | 20,455 | 22,727 | ||||||||||||
6.21% Series B senior unsecured notes due 2021 | 20,455 | 22,727 | 20,455 | 6.58% Series B senior unsecured notes due 2022 | 5,000 | 0 | ||||||||||||
6.58% Series B senior unsecured notes due 2022 | 5,000 | 5,000 | 5,000 | 5.25% convertible senior notes due 2029 | 110,197 | 107,058 | ||||||||||||
5.25% convertible senior notes due 2029 | 106,752 | 109,387 | 110,197 | Total debt | $ | 578,330 | $ | 537,291 | ||||||||||
Total debt | $ | 682,849 | $ | 589,463 | $ | 578,330 | Less current portion | 43,617 | 34,273 | |||||||||
Less current portion | -22,606 | -44,205 | -43,617 | Total long-term debt | $ | 534,713 | $ | 503,018 | ||||||||||
Total long-term debt | $ | 660,243 | $ | 545,258 | $ | 534,713 | ||||||||||||
Annual Maturities Of Outstanding Long-Term Debt | ' | ' | ||||||||||||||||
Year | Amount | |||||||||||||||||
2013 | $ | 43,617 | ||||||||||||||||
2014 | 22,606 | |||||||||||||||||
2015 | 328,674 | |||||||||||||||||
2016 | 24,387 | |||||||||||||||||
2017 | 17,387 | |||||||||||||||||
Thereafter | 141,659 | |||||||||||||||||
$ | 578,330 | |||||||||||||||||
Reclassification_of_OCI_Table
Reclassification of OCI (Table) | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | ||||||||||||||||||||||||||
Comprehensive Income Net Of Tax [Abstract] | ' | ' | |||||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ' | |||||||||||||||||||||||||
Three Months Ended September 30, 2013 | NIne Months Ended September 30, 2013 | As of December 31, | |||||||||||||||||||||||||
Foreign currency translation gain (loss), net of tax | Marketable securities, net of tax | Total | Foreign currency translation gain (loss), net of tax | Marketable securities, net of tax | Total | 2012 | 2011 | 2010 | |||||||||||||||||||
Balance at the beginning of period | $ | -362 | $ | - | $ | -362 | $ | 2,874 | $ | 254 | $ | 3,128 | Unrealized derivatives loss, net of tax | $ | -1 | $ | -13 | $ | -111 | ||||||||
Other comprehensive income before reclassifications | 2,976 | - | 2,976 | -260 | 373 | 113 | Foreign currency translation gain (loss), net of tax | 2,875 | -6,077 | 6,210 | |||||||||||||||||
Amounts reclassified from AOCI(a) | - | - | - | - | -627 | -627 | Marketable securities unrealized (gain) loss, net of tax | 254 | -806 | -1,302 | |||||||||||||||||
Net change in AOCI | 2,976 | - | 2,976 | -260 | -254 | -514 | Accumulated other comprehensive income (loss) | $ | 3,128 | $ | -6,896 | $ | 4,797 | ||||||||||||||
Balance at the end of period | $ | 2,614 | $ | - | $ | 2,614 | $ | 2,614 | $ | - | $ | 2,614 | |||||||||||||||
The gain on marketable securities reclassified out of AOCI for the nine months ended September 30, 2013 is composed of a $964 gain and income tax expense of $337. The gain and income tax expense are included in “Other revenue” and “Provision for income taxes,” respectively, in the consolidated statements of income. | |||||||||||||||||||||||||||
Earnings_Per_Share_Computation1
Earnings Per Share Computation (Table) | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Earnings Per Share Computation [Abstract] | ' | |||||||||||||
Reconciliation Of Numerators And Denominators For Basic And Diluted Earnings Per Share | ' | |||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||
September 30, | September 30, | |||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||
Numerator: | ||||||||||||||
Net income attributable to Cash America International, Inc. | $ | 46,186 | $ | 11,703 | $ | 115,244 | $ | 82,990 | ||||||
Denominator: | ||||||||||||||
Total weighted average basic shares (a) | 28,426 | 29,536 | 28,747 | 29,599 | ||||||||||
Shares applicable to stock-based compensation(b) | 102 | 164 | 92 | 188 | ||||||||||
Convertible debt(c) | 1,851 | 1,675 | 2,018 | 1,856 | ||||||||||
Total weighted average diluted shares (d) | 30,379 | 31,375 | 30,857 | 31,643 | ||||||||||
Net income – basic | $ | 1.62 | $ | 0.4 | $ | 4.01 | $ | 2.8 | ||||||
Net income – diluted | $ | 1.52 | $ | 0.37 | $ | 3.73 | $ | 2.62 | ||||||
(a)a | Includes vested and deferred restricted stock units of 301 and 291, as well as 31 and 31 shares held in the Company's nonqualified deferred compensation plan for the three months ended September 30, 2013 and 2012, respectively, and vested and deferred restricted stock units of 308 and 285, as well as 31 and 31 shares held in the Company's nonqualified deferred compensation plan for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||
(b) | For the three and nine months ended September 30, 2013, includes shares related to unvested restricted stock unit awards. For the three and nine months ended September 30, 2012, includes shares related to outstanding option awards that were exercisable and shares related to unvested restricted stock unit awards. | |||||||||||||
(c)a a a | The shares issuable with respect to the Company's senior unsecured convertible notes due 2029 (the “2029 Convertible Notes”) have been calculated using the treasury stock method. The Company intends to settle the principal portion of the convertible debt in cash; therefore, only the shares related to the conversion spread have been included in weighted average diluted shares. | |||||||||||||
(d) | There were 25 anti-dilutive shares for the nine months ended September 30, 2013 and no anti-dilutive shares for the three months ended September 30, 2013 and three and nine months ended September 30, 2012. |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2012 | ||||||||||
Income Taxes [Abstract] | ' | |||||||||
Components Of Deferred Tax Assets And Liabilities | ' | |||||||||
As of December 31, | ||||||||||
2012 | 2011 | |||||||||
Deferred tax assets: | ||||||||||
Deferred finish-out allowances from lessors | $ | 760 | $ | 717 | ||||||
Tax over book accrual of pawn loan fees and service charges | 7,915 | 7,578 | ||||||||
Ohio Reimbursements(a) | 4,821 | 0 | ||||||||
Allowance for consumer loan losses | 31,801 | 23,498 | ||||||||
Deferred compensation | 11,252 | 8,844 | ||||||||
Net operating losses | 15,468 | 5,746 | ||||||||
Deferred state credits | 1,206 | 1,306 | ||||||||
Investment in Subsidiaries | 9,338 | - | ||||||||
Other | 5,273 | 3,038 | ||||||||
Total deferred tax assets | 87,834 | 50,727 | ||||||||
Deferred tax liabilities: | ||||||||||
Amortization of acquired intangibles | $ | 66,972 | $ | 56,372 | ||||||
Property and equipment | 49,166 | 45,598 | ||||||||
Convertible debt | 897 | 2,180 | ||||||||
Other | 1,672 | 1,224 | ||||||||
Total deferred tax liabilities | 118,707 | 105,374 | ||||||||
Net deferred tax liabilities before valuation allowance | $ | -30,873 | $ | -54,647 | ||||||
Valuation Allowance | -21,846 | - | ||||||||
Net deferred tax liabilities after valuation allowance | $ | -52,719 | -54,647 | |||||||
Balance sheet classification: | ||||||||||
Current deferred tax assets, net | $ | 48,992 | $ | 35,065 | ||||||
Non-current deferred tax liabilities, net | -101,711 | -89,712 | ||||||||
Net deferred tax liabilities | $ | -52,719 | $ | -54,647 | ||||||
See Note 15 for further discussion of the Ohio Reimbursements | ||||||||||
(a) | ||||||||||
Components Of Provision For Income Taxes | ' | |||||||||
Year Ended December 31, | ||||||||||
2012 | 2011 | 2010 | ||||||||
Income (loss) before income taxes: | ||||||||||
Domestic | $ | 214,463 | $ | 225,351 | $ | 182,292 | ||||
Foreign | -28,143 | -7,825 | 2,221 | |||||||
Income before income taxes | 186,320 | 217,526 | 184,513 | |||||||
Current provision: | ||||||||||
Federal | $ | 81,756 | $ | 51,613 | $ | 56,215 | ||||
Foreign | 603 | 440 | 106 | |||||||
State and local | 5,818 | 4,744 | 4,106 | |||||||
Total current provision for income taxes | 88,177 | 56,797 | 60,427 | |||||||
Deferred provision (benefit): | ||||||||||
Federal | $ | -8,031 | $ | 27,475 | $ | 7,700 | ||||
Foreign | 4,811 | -2,998 | 1,053 | |||||||
State and local | -301 | 1,086 | 89 | |||||||
Total deferred provision for income taxes | -3,521 | 25,563 | 8,842 | |||||||
Total provision for income taxes | $ | 84,656 | $ | 82,360 | $ | 69,269 | ||||
Reconciliation Of Effective Tax Rate | ' | |||||||||
Year Ended December 31, | ||||||||||
2012 | 2011 | 2010 | ||||||||
Tax provision computed at the federal statutory income tax rate | $ | 65,212 | $ | 76,134 | $ | 64,579 | ||||
State and local income taxes, net of federal tax benefits | 3,587 | 3,790 | 2,727 | |||||||
Nondeductible lobbying | 865 | 882 | 1,039 | |||||||
Foreign tax difference | 2,027 | 587 | 442 | |||||||
Investment in Subsidiaries | -9,338 | - | - | |||||||
Change in deferred tax valuation allowance | 21,846 | - | - | |||||||
Other | 457 | 967 | 482 | |||||||
Total provision | $ | 84,656 | $ | 82,360 | $ | 69,269 | ||||
Effective tax rate | 45.4 | % | 37.9 | % | 37.5 | % | ||||
Aggregate Change In Balance Of Unrecognized Tax Benefits | ' | |||||||||
2012 | 2011 | 2010 | ||||||||
Balance at January 1, | $ | 955 | $ | 1,082 | $ | 1,021 | ||||
Effect of change in foreign currency rates | 66 | -127 | 61 | |||||||
Balance at December 31, | $ | 1,021 | $ | 955 | $ | 1,082 |
Commitments_And_Contingencies_
Commitments And Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2012 | |||||
Commitments And Contingencies [Abstract] | ' | ||||
Future Minimum Rentals Due Under Non-Cancelable Leases | ' | ||||
Year | Amount | ||||
2013 | $ | 52,531 | |||
2014 | 43,774 | ||||
2015 | 33,584 | ||||
2016 | 26,332 | ||||
2017 | 16,913 | ||||
Thereafter | 34,288 | ||||
Total | $ | 207,422 |
Equity_Tables
Equity (Tables) | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | ||||||||||||||||||||||||||||
Equity [Abstract] | ' | ' | |||||||||||||||||||||||||||
Aggregate Shares Purchased | ' | ' | |||||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||||||
2012 | 2011 | 2010 | |||||||||||||||||||||||||||
Shares purchased under 2011 and 2007 authorization | 576,064 | 435,000 | 385,100 | ||||||||||||||||||||||||||
Aggregate amount (in thousands) | $ | 22,509 | $ | 19,576 | $ | 13,583 | |||||||||||||||||||||||
Average price paid per share | $ | 39.07 | $ | 45 | $ | 35.27 | |||||||||||||||||||||||
Activities Of Non-Qualified Savings Plan During Each Of Three Years | ' | ' | |||||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||||||
2012 | 2011 | 2010 | |||||||||||||||||||||||||||
Purchases: | |||||||||||||||||||||||||||||
Number of shares | 108 | 93 | 1,552 | ||||||||||||||||||||||||||
Aggregate amount | $ | 4 | $ | 5 | $ | 58 | |||||||||||||||||||||||
Sales: | |||||||||||||||||||||||||||||
Number of shares | 1,211 | (a) | 9 | 1,727 | |||||||||||||||||||||||||
Aggregate amount | $ | 25 | $ | - | $ | 36 | |||||||||||||||||||||||
Distributions and transfers to 401(k) savings plan: | |||||||||||||||||||||||||||||
Number of shares | 0 | 0 | 4 | ||||||||||||||||||||||||||
Aggregate amount | $ | - | $ | - | $ | 0 | |||||||||||||||||||||||
(a) | Represents shares purchased by the Company from the rabbi trust that held the shares for the Nonqualified Savings Plan. | ||||||||||||||||||||||||||||
Components Of Accumulated Other Comprehensive Income (Loss) | ' | ' | |||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | NIne Months Ended September 30, 2013 | As of December 31, | |||||||||||||||||||||||||||
Foreign currency translation gain (loss), net of tax | Marketable securities, net of tax | Total | Foreign currency translation gain (loss), net of tax | Marketable securities, net of tax | Total | 2012 | 2011 | 2010 | |||||||||||||||||||||
Balance at the beginning of period | $ | -362 | $ | - | $ | -362 | $ | 2,874 | $ | 254 | $ | 3,128 | Unrealized derivatives loss, net of tax | $ | -1 | $ | -13 | $ | -111 | ||||||||||
Other comprehensive income before reclassifications | 2,976 | - | 2,976 | -260 | 373 | 113 | Foreign currency translation gain (loss), net of tax | 2,875 | -6,077 | 6,210 | |||||||||||||||||||
Amounts reclassified from AOCI(a) | - | - | - | - | -627 | -627 | Marketable securities unrealized (gain) loss, net of tax | 254 | -806 | -1,302 | |||||||||||||||||||
Net change in AOCI | 2,976 | - | 2,976 | -260 | -254 | -514 | Accumulated other comprehensive income (loss) | $ | 3,128 | $ | -6,896 | $ | 4,797 | ||||||||||||||||
Balance at the end of period | $ | 2,614 | $ | - | $ | 2,614 | $ | 2,614 | $ | - | $ | 2,614 | |||||||||||||||||
The gain on marketable securities reclassified out of AOCI for the nine months ended September 30, 2013 is composed of a $964 gain and income tax expense of $337. The gain and income tax expense are included in “Other revenue” and “Provision for income taxes,” respectively, in the consolidated statements of income. | |||||||||||||||||||||||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | ||||||
Dec. 31, 2012 | |||||||
Employee Benefit Plans [Abstract] | ' | ||||||
Amounts Included In The Consolidated Balance Sheets Relating To The Nonqualified Savings Plan And The SERP | ' | ||||||
As of December 31, | |||||||
2012 | 2011 | ||||||
Prepaid expenses and other assets | $ | 11,347 | $ | 8,264 | |||
Accounts payable and accrued expenses | 12,397 | 9,192 | |||||
Other liabilities | 581 | 616 | |||||
Treasury shares | 662 | 683 |
Derivative_Instruments_Tables
Derivative Instruments (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||
Derivative Instruments [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||
Fair Values Of Derivative Instruments | ' | ' | ||||||||||||||||||||||||||||||||
Assets | As of September 30, 2013 | Balance as of December 31, | ||||||||||||||||||||||||||||||||
Non-designated derivatives: | Notional Amount | Gross Amounts of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheet(a) | Net Amounts of Assets Presented in the Consolidated Balance Sheet(b) | Assets | Balance Sheet Location | 2012 | 2011 | ||||||||||||||||||||||||||
Forward currency exchange contracts | $ | 97,290 | $ | - | $ | -790 | $ | -790 | Derivatives designated as hedges: | Notional Amount | Fair Value | Notional Amount | Fair Value | |||||||||||||||||||||
Interest rate contracts | Prepaid expenses and other assets | $ | - | $ | - | $ | 15,000 | $ | - | |||||||||||||||||||||||||
Assets | As of Septebmer 30, 2012 | |||||||||||||||||||||||||||||||||
Non-designated derivatives: | Notional Amount | Gross Amounts of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheet(a) | Net Amounts of Assets Presented in the Consolidated Balance Sheet(b) | Non-designated derivatives: | |||||||||||||||||||||||||||||
Forward currency exchange contracts | $ | 93,642 | $ | - | $ | -307 | $ | -307 | Forward currency exchange contracts | Prepaid expenses and other assets | $ | 93,813 | $ | -406 | $ | 80,375 | $ | 260 | ||||||||||||||||
Assets | As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Non-designated derivatives: | Notional Amount | Gross Amounts of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheet(a) | Net Amounts of Assets Presented in the Consolidated Balance Sheet(b) | ||||||||||||||||||||||||||||||
Forward currency exchange contracts | $ | 93,813 | $ | - | $ | -406 | $ | -406 | ||||||||||||||||||||||||||
(a) As of September 30, 2013, the Company had no gross amounts of recognized derivative instruments that the Company makes an accounting policy election not to offset. In addition, there is no financial collateral related to the Company's derivatives. The Company has no liabilities that are subject to an enforceable master netting agreement or similar arrangement. | ||||||||||||||||||||||||||||||||||
(b) Represents the fair value of forward currency exchange contracts, which is recorded in “Prepaid expenses and other assets” in the consolidated balance sheets. | ||||||||||||||||||||||||||||||||||
Effect Of Derivative Instruments | ' | ' | ||||||||||||||||||||||||||||||||
Gains (Losses) Recognized in Income | Gains Recognized in AOCI | Gains (Losses) Reclassified From AOCI into Income | Gains (Losses) Recognized in Income | Gains (Losses) Recognized in OCI | Gains (Losses) Reclassified From OCI into Income | |||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | Three Months Ended | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | |||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | 2012 | 2011 | 2012 | 2011 | 2012 | 2011 | ||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||
Non-designated derivatives: | Derivatives designated as hedges: | |||||||||||||||||||||||||||||||||
Forward currency exchange contracts(a) | $ | -5,432 | $ | -4,097 | $ | - | $ | - | $ | - | $ | - | Interest rate contracts | $ | ─ | $ | ─ | $ | 12 | $ | 98 | $ | ─ | $ | ─ | |||||||||
Total | $ | -5,432 | $ | -4,097 | $ | - | $ | - | $ | - | $ | - | Total | $ | ─ | $ | ─ | $ | 12 | $ | 98 | $ | ─ | $ | ─ | |||||||||
Gains (Losses) Recognized in Income | Gains Recognized in AOCI | Gains (Losses) Reclassified From AOCI into Income | Non-designated derivatives: | |||||||||||||||||||||||||||||||
Nine Months Ended | Nine Months Ended | Nine Months Ended | Forward currency exchange contracts(a) | $ | -4,794 | $ | 3,159 | $ | ─ | $ | ─ | $ | ─ | $ | ─ | |||||||||||||||||||
September 30, | September 30, | September 30, | Total | $ | -4,794 | $ | 3,159 | $ | ─ | $ | ─ | $ | ─ | $ | ─ | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | The gains/(losses) shown on these derivatives substantially offset the gain or loss on the hedged portion of foreign intercompany balances. | ||||||||||||||||||||||||||||
Derivatives designated as hedges: | ||||||||||||||||||||||||||||||||||
Interest rate contracts | $ | - | $ | - | $ | - | $ | 12 | $ | - | $ | - | (a) | |||||||||||||||||||||
Total | $ | - | $ | - | $ | - | $ | 12 | $ | - | $ | - | ||||||||||||||||||||||
Non-designated derivatives: | ||||||||||||||||||||||||||||||||||
Forward currency exchange contracts(a) | $ | -181 | $ | -5,118 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||
Total | $ | -181 | $ | -5,118 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||
The gains/(losses) on these derivatives substantially offset the (losses)/gains on the hedged portion of foreign intercompany balances. | ||||||||||||||||||||||||||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2012 | |||||||||||||||
Stock-Based Compensation [Abstract] | ' | ||||||||||||||
Summary Of Stock Option Activity | ' | ||||||||||||||
Year Ended December 31, | |||||||||||||||
2012 | 2011 | 2010 | |||||||||||||
Weighted | Weighted | Weighted | |||||||||||||
Average | Average | Average | |||||||||||||
Exercise | Exercise | Exercise | |||||||||||||
Shares | Price | Shares | Price | Shares | Price | ||||||||||
Outstanding at beginning of year | 198,900 | $ | 8.95 | 247,300 | $ | 8.83 | 451,545 | $ | 9.29 | ||||||
Exercised | -198,900 | 8.95 | -48,400 | 8.34 | -204,245 | 9.85 | |||||||||
Outstanding at end of year | - | $ | - | 198,900 | $ | 8.95 | 247,300 | $ | 8.83 | ||||||
Exercisable at end of year | - | $ | - | 198,900 | $ | 8.95 | 247,300 | $ | 8.83 | ||||||
Restricted Stock Unit Activity | ' | ||||||||||||||
Year Ended December 31, | |||||||||||||||
2012 | 2011 | 2010 | |||||||||||||
Weighted | Weighted | Weighted | |||||||||||||
Average | Average | Average | |||||||||||||
Fair Value | Fair Value | Fair Value | |||||||||||||
at Date of | at Date of | at Date of | |||||||||||||
Units | Grant | Units | Grant | Units | Grant | ||||||||||
Outstanding at beginning of year | 710,591 | $ | 29.53 | 596,648 | $ | 25.78 | 546,876 | $ | 22.77 | ||||||
Units granted | 178,144 | 43.36 | 200,819 | 40.15 | 162,552 | 35.7 | |||||||||
Shares issued | -108,170 | 29.74 | -82,982 | 28.1 | -85,676 | 25.26 | |||||||||
Units forfeited | -8,243 | 41.22 | -3,894 | 34.44 | -27,104 | 26.25 | |||||||||
Outstanding at end of year | 772,322 | $ | 32.57 | 710,591 | $ | 29.53 | 596,648 | $ | 25.78 | ||||||
Units vested at end of year | 303,781 | $ | 24.85 | 244,897 | $ | 24.03 | 222,529 | $ | 23.2 |
Supplemental_Disclosures_Of_Ca1
Supplemental Disclosures Of Cash Flow Information (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2012 | |||||||||||
Supplemental Disclosures Of Cash Flow Information [Abstract] | ' | ||||||||||
Cash And Non-Cash Activities | ' | ||||||||||
Year Ended December 31, | |||||||||||
2012 | 2011 | 2010 | |||||||||
Cash paid during the year for: | |||||||||||
Interest | $ | 22,520 | $ | 23,974 | $ | 17,648 | |||||
Income taxes | 92,131 | 43,513 | 65,974 | ||||||||
Non-cash investing and financing activities: | |||||||||||
Pawn loans forfeited and transferred to merchandise held for disposition | $ | 350,122 | $ | 334,869 | $ | 297,045 | |||||
Pawn loans renewed | 279,553 | 207,661 | 134,539 | ||||||||
Consumer loans renewed | 629,516 | 571,651 | 416,168 | ||||||||
Liabilities assumed in acquisitions | 1,207 | 333 | 1,602 | ||||||||
Fair value of shares paid for acquisition | - | - | 10,854 | ||||||||
Capitalized interest on software development | - | 558 | 730 | ||||||||
Shares received for payment of receivables | 383 | - | - | ||||||||
Release of minority shareholders from contingent liability | 2,758 | - | - |
Operating_Segment_Information_
Operating Segment Information (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting, Measurement Disclosures [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Current Classification Of Administrative And Operating Expenses | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Retail Services | E-Commerce | Retail Services | E-Commerce | |||||||||||||||||||||||||||||||||||||||||||||||
Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | |||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Revenue | Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||
Pawn loan fees and service charges | $ | 77,532 | $ | 1,766 | $ | 79,298 | $ | - | $ | - | $ | - | $ | - | $ | 79,298 | Pawn loan fees and service charges | $ | 288,161 | $ | 12,768 | $ | 300,929 | $ | - | $ | - | $ | - | $ | - | $ | 300,929 | |||||||||||||||||
Proceeds from disposition of merchandise | 124,352 | 4,308 | 128,660 | - | - | - | - | 128,660 | Proceeds from disposition of merchandise | 657,104 | 46,663 | 703,767 | - | - | - | - | 703,767 | |||||||||||||||||||||||||||||||||
Consumer loan fees | 29,504 | - | 29,504 | 104,954 | 93,105 | 198,059 | - | 227,563 | Consumer loan fees | 121,892 | - | 121,892 | 332,752 | 326,876 | 659,628 | - | 781,520 | |||||||||||||||||||||||||||||||||
Other | 1,731 | 66 | 1,797 | 249 | 69 | 318 | 165 | 2,280 | Other | 9,028 | 1,209 | 10,237 | 1,326 | 33 | 1,359 | 2,618 | 14,214 | |||||||||||||||||||||||||||||||||
Total revenue | 233,119 | 6,140 | 239,259 | 105,203 | 93,174 | 198,377 | 165 | 437,801 | Total revenue | 1,076,185 | 60,640 | 1,136,825 | 334,078 | 326,909 | 660,987 | 2,618 | 1,800,430 | |||||||||||||||||||||||||||||||||
Cost of revenue | Cost of revenue | |||||||||||||||||||||||||||||||||||||||||||||||||
Disposed merchandise | 87,530 | 3,571 | 91,101 | - | - | - | - | 91,101 | Disposed merchandise | 437,099 | 41,080 | 478,179 | - | - | - | - | 478,179 | |||||||||||||||||||||||||||||||||
Consumer loan loss provision | 10,037 | - | 10,037 | 49,225 | 40,431 | 89,656 | - | 99,693 | Consumer loan loss provision | 29,225 | - | 29,225 | 143,006 | 144,063 | 287,069 | - | 316,294 | |||||||||||||||||||||||||||||||||
Total cost of revenue | 97,567 | 3,571 | 101,138 | 49,225 | 40,431 | 89,656 | - | 190,794 | Total cost of revenue | 466,324 | 41,080 | 507,404 | 143,006 | 144,063 | 287,069 | - | 794,473 | |||||||||||||||||||||||||||||||||
Net revenue | 135,552 | 2,569 | 138,121 | 55,978 | 52,743 | 108,721 | 165 | 247,007 | Net revenue | 609,861 | 19,560 | 629,421 | 191,072 | 182,846 | 373,918 | 2,618 | 1,005,957 | |||||||||||||||||||||||||||||||||
Expenses | Expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Operations and administration | 111,220 | 2,831 | 114,051 | 38,662 | 31,755 | 70,417 | 15,237 | 199,705 | Operations and administration | 369,174 | 44,287 | 413,461 | 116,202 | 118,156 | 234,358 | 66,795 | 714,614 | |||||||||||||||||||||||||||||||||
Depreciation and amortization | 9,878 | 764 | 10,642 | 3,252 | 706 | 3,958 | 4,183 | 18,783 | Depreciation and amortization | 30,978 | 16,634 | 47,612 | 11,987 | 1,285 | 13,272 | 14,544 | 75,428 | |||||||||||||||||||||||||||||||||
Total expenses | 121,098 | 3,595 | 124,693 | 41,914 | 32,461 | 74,375 | 19,420 | 218,488 | Total expenses | 400,152 | 60,921 | 461,073 | 128,189 | 119,441 | 247,630 | 81,339 | 790,042 | |||||||||||||||||||||||||||||||||
Income (loss) from operations | $ | 14,454 | $ | -1,026 | $ | 13,428 | $ | 14,064 | $ | 20,282 | $ | 34,346 | $ | -19,255 | $ | 28,519 | Income (loss) from operations | $ | 209,709 | $ | -41,361 | $ | 168,348 | $ | 62,883 | $ | 63,405 | $ | 126,288 | $ | -78,721 | $ | 215,915 | |||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 1,102,152 | $ | 120,131 | $ | 1,222,283 | $ | 420,914 | $ | 216,341 | $ | 637,255 | $ | 131,791 | $ | 1,991,329 | Interest Expense | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -29,131 | $ | -29,131 | |||||||||||||||||
Goodwill | $ | 459,669 | $ | 210,368 | $ | 670,037 | Equity in loss of unconsolidated subsidiary | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -295 | $ | -295 | |||||||||||||||||||||||||||
Retail Services | E-Commerce | Provision for income taxes | $ | 77,474 | $ | 2,183 | $ | 79,657 | $ | 16,556 | $ | 21,947 | $ | 38,503 | $ | -33,504 | $ | 84,656 | ||||||||||||||||||||||||||||||||
Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | Expenditures for property and equipment | $ | 43,028 | $ | 3,773 | $ | 46,801 | $ | 15,498 | $ | 2,374 | $ | 17,872 | $ | 14,726 | $ | 79,399 | ||||||||||||||||||||||||||
Three Months September 30, 2012 | As of December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Revenue | Total assets | $ | 1,031,431 | $ | 85,607 | $ | 1,117,038 | $ | 391,068 | $ | 179,554 | $ | 570,622 | $ | 130,598 | $ | 1,818,258 | |||||||||||||||||||||||||||||||||
Pawn loan fees and service charges | $ | 73,209 | $ | 3,291 | $ | 76,500 | $ | - | $ | - | $ | - | $ | - | $ | 76,500 | Goodwill | $ | 397,845 | $ | 210,371 | $ | 608,216 | |||||||||||||||||||||||||||
Proceeds from disposition of merchandise | 141,088 | 12,405 | 153,493 | - | - | - | - | 153,493 | Retail Services | E-Commerce | ||||||||||||||||||||||||||||||||||||||||
Consumer loan fees | 31,445 | - | 31,445 | 89,342 | 84,307 | 173,649 | - | 205,094 | Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | ||||||||||||||||||||||||||||||||||
Other | 1,938 | 252 | 2,190 | 374 | 14 | 388 | 2,029 | 4,607 | ||||||||||||||||||||||||||||||||||||||||||
Total revenue | 247,680 | 15,948 | 263,628 | 89,716 | 84,321 | 174,037 | 2,029 | 439,694 | Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||
Cost of revenue | Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||
Disposed merchandise | 96,315 | 10,603 | 106,918 | - | - | - | - | 106,918 | Pawn loan fees and service charges | $ | 261,829 | $ | 20,368 | $ | 282,197 | $ | - | $ | - | $ | - | $ | - | $ | 282,197 | |||||||||||||||||||||||||
Consumer loan loss provision | 8,061 | - | 8,061 | 42,877 | 33,361 | 76,238 | - | 84,299 | Proceeds from disposition of merchandise | 636,698 | 52,156 | 688,854 | 30 | - | 30 | - | 688,884 | |||||||||||||||||||||||||||||||||
Total cost of revenue | 104,376 | 10,603 | 114,979 | 42,877 | 33,361 | 76,238 | - | 191,217 | Consumer loan fees | 119,192 | - | 119,192 | 254,152 | 225,302 | 479,454 | - | 598,646 | |||||||||||||||||||||||||||||||||
Net revenue | 143,304 | 5,345 | 148,649 | 46,839 | 50,960 | 97,799 | 2,029 | 248,477 | Other | 11,170 | 545 | 11,715 | 593 | 286 | 879 | 743 | 13,337 | |||||||||||||||||||||||||||||||||
Expenses | Total revenue | 1,028,889 | 73,069 | 1,101,958 | 254,775 | 225,588 | 480,363 | 743 | 1,583,064 | |||||||||||||||||||||||||||||||||||||||||
Operations and administration | 84,874 | 14,205 | 99,079 | 33,397 | 31,051 | 64,448 | 17,688 | 181,215 | Cost of revenue | |||||||||||||||||||||||||||||||||||||||||
Depreciation and amortization | 7,808 | 12,264 | 20,072 | 3,037 | 342 | 3,379 | 3,623 | 27,074 | Disposed merchandise | 405,132 | 42,462 | 447,594 | 23 | - | 23 | - | 447,617 | |||||||||||||||||||||||||||||||||
Total expenses | 92,682 | 26,469 | 119,151 | 36,434 | 31,393 | 67,827 | 21,311 | 208,289 | Consumer loan loss provision | 24,001 | - | 24,001 | 90,535 | 111,152 | 201,687 | - | 225,688 | |||||||||||||||||||||||||||||||||
Income (loss) from operations | $ | 50,622 | $ | -21,124 | $ | 29,498 | $ | 10,405 | $ | 19,567 | $ | 29,972 | $ | -19,282 | $ | 40,188 | Total cost of revenue | 429,133 | 42,462 | 471,595 | 90,558 | 111,152 | 201,710 | - | 673,305 | |||||||||||||||||||||||||
As of September 30, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 993,598 | $ | 111,610 | $ | 1,105,208 | $ | 382,459 | $ | 174,665 | $ | 557,124 | $ | 130,075 | $ | 1,792,407 | Net revenue | 599,756 | 30,607 | 630,363 | 164,217 | 114,436 | 278,653 | 743 | 909,759 | |||||||||||||||||||||||||
Goodwill | $ | 388,965 | $ | 210,372 | $ | 599,337 | Expenses | |||||||||||||||||||||||||||||||||||||||||||
Retail Services | E-Commerce | Operations and administration | 339,247 | 33,604 | 372,851 | 88,577 | 84,544 | 173,121 | 65,296 | 611,268 | ||||||||||||||||||||||||||||||||||||||||
Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | Depreciation and amortization | 26,165 | 5,871 | 32,036 | 10,413 | 850 | 11,263 | 10,850 | 54,149 | ||||||||||||||||||||||||||||||||||
Total expenses | 365,412 | 39,475 | 404,887 | 98,990 | 85,394 | 184,384 | 76,146 | 665,417 | ||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Income (loss) from operations | $ | 234,344 | $ | -8,868 | $ | 225,476 | $ | 65,227 | $ | 29,042 | $ | 94,269 | $ | -75,403 | $ | 244,342 | |||||||||||||||||||||||||||||||||
Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
Pawn loan fees and service charges | $ | 222,508 | $ | 5,432 | $ | 227,940 | $ | - | $ | - | $ | - | $ | - | $ | 227,940 | Interest Expense | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -25,528 | $ | -25,528 | |||||||||||||||||
Proceeds from disposition of merchandise | 425,716 | 13,193 | 438,909 | - | - | - | - | 438,909 | Equity in loss of unconsolidated subsidiary | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -104 | $ | -104 | |||||||||||||||||||||||||
Consumer loan fees | 84,473 | - | 84,473 | 283,097 | 272,629 | 555,726 | - | 640,199 | Provision for income taxes | $ | 87,940 | $ | -5,187 | $ | 82,753 | $ | 18,611 | $ | 9,474 | $ | 28,085 | $ | -28,478 | $ | 82,360 | |||||||||||||||||||||||||
Other | 6,149 | 988 | 7,137 | 1,051 | 92 | 1,143 | 1,552 | 9,832 | Expenditures for property and equipment | $ | 39,038 | $ | 8,345 | $ | 47,383 | $ | 13,866 | $ | 1,207 | $ | 15,073 | $ | 12,593 | $ | 75,049 | |||||||||||||||||||||||||
Total revenue | 738,846 | 19,613 | 758,459 | 284,148 | 272,721 | 556,869 | 1,552 | 1,316,880 | ||||||||||||||||||||||||||||||||||||||||||
Cost of revenue | As of December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||
Disposed merchandise | 290,569 | 10,828 | 301,397 | - | - | - | - | 301,397 | Total assets | $ | 941,801 | $ | 117,470 | $ | 1,059,271 | $ | 352,244 | $ | 135,774 | $ | 488,018 | $ | 126,960 | $ | 1,674,249 | |||||||||||||||||||||||||
Consumer loan loss provision | 23,927 | - | 23,927 | 112,391 | 115,456 | 227,847 | - | 251,774 | Goodwill | $ | 352,439 | $ | 210,282 | $ | 562,721 | |||||||||||||||||||||||||||||||||||
Total cost of revenue | 314,496 | 10,828 | 325,324 | 112,391 | 115,456 | 227,847 | - | 553,171 | Retail Services | E-Commerce | ||||||||||||||||||||||||||||||||||||||||
Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | |||||||||||||||||||||||||||||||||||||||||||
Net revenue | 424,350 | 8,785 | 433,135 | 171,757 | 157,265 | 329,022 | 1,552 | 763,709 | ||||||||||||||||||||||||||||||||||||||||||
Expenses | Year Ended December 31, 2010 | |||||||||||||||||||||||||||||||||||||||||||||||||
Operations and administration | 291,409 | 10,003 | 301,412 | 99,906 | 101,200 | 201,106 | 51,524 | 554,042 | Revenue | |||||||||||||||||||||||||||||||||||||||||
Depreciation and amortization | 27,579 | 1,593 | 29,172 | 10,885 | 2,101 | 12,986 | 12,156 | 54,314 | Pawn loan fees and service charges | $ | 221,335 | $ | 22,378 | $ | 243,713 | $ | - | $ | - | $ | - | $ | - | $ | 243,713 | |||||||||||||||||||||||||
Total expenses | 318,988 | 11,596 | 330,584 | 110,791 | 103,301 | 214,092 | 63,680 | 608,356 | Proceeds from disposition of merchandise | 534,878 | 53,312 | 588,190 | - | - | - | - | 588,190 | |||||||||||||||||||||||||||||||||
Income (loss) from operations | $ | 105,362 | $ | -2,811 | $ | 102,551 | $ | 60,966 | $ | 53,964 | $ | 114,930 | $ | -62,128 | $ | 155,353 | Consumer loan fees | 113,973 | - | 113,973 | 275,036 | 101,943 | 376,979 | - | 490,952 | |||||||||||||||||||||||||
Retail Services | E-Commerce | Other | 10,875 | 303 | 11,178 | 1,259 | 79 | 1,338 | 1,679 | 14,195 | ||||||||||||||||||||||||||||||||||||||||
Domestic | Foreign | Total | Domestic | Foreign | Total | Corporate | Consolidated | Total revenue | 881,061 | 75,993 | 957,054 | 276,295 | 102,022 | 378,317 | 1,679 | 1,337,050 | ||||||||||||||||||||||||||||||||||
Cost of revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | Disposed merchandise | 338,756 | 43,711 | 382,467 | - | - | - | - | 382,467 | |||||||||||||||||||||||||||||||||||||||||
Revenue | Consumer loan loss provision | 17,437 | - | 17,437 | 116,246 | 48,711 | 164,957 | - | 182,394 | |||||||||||||||||||||||||||||||||||||||||
Pawn loan fees and service charges | $ | 210,807 | $ | 10,643 | $ | 221,450 | $ | - | $ | - | $ | - | $ | - | $ | 221,450 | Total cost of revenue | 356,193 | 43,711 | 399,904 | 116,246 | 48,711 | 164,957 | - | 564,861 | |||||||||||||||||||||||||
Proceeds from disposition of merchandise | 481,558 | 36,274 | 517,832 | - | - | - | - | 517,832 | ||||||||||||||||||||||||||||||||||||||||||
Consumer loan fees | 89,396 | - | 89,396 | 232,268 | 236,992 | 469,260 | - | 558,656 | Net revenue | 524,868 | 32,282 | 557,150 | 160,049 | 53,311 | 213,360 | 1,679 | 772,189 | |||||||||||||||||||||||||||||||||
Other | 7,085 | 512 | 7,597 | 827 | 19 | 846 | 2,445 | 10,888 | Expenses | |||||||||||||||||||||||||||||||||||||||||
Total revenue | 788,846 | 47,429 | 836,275 | 233,095 | 237,011 | 470,106 | 2,445 | 1,308,826 | Operations and administration | 304,467 | 25,295 | 329,762 | 93,928 | 42,242 | 136,170 | 55,202 | 521,134 | |||||||||||||||||||||||||||||||||
Cost of revenue | Depreciation and amortization | 21,771 | 5,525 | 27,296 | 8,283 | 276 | 8,559 | 8,068 | 43,923 | |||||||||||||||||||||||||||||||||||||||||
Disposed merchandise | 318,788 | 32,090 | 350,878 | - | - | - | - | 350,878 | Total expenses | 326,238 | 30,820 | 357,058 | 102,211 | 42,518 | 144,729 | 63,270 | 565,057 | |||||||||||||||||||||||||||||||||
Consumer loan loss provision | 19,130 | - | 19,130 | 95,474 | 104,475 | 199,949 | - | 219,079 | Income (loss) from operations | $ | 198,630 | $ | 1,462 | $ | 200,092 | $ | 57,838 | $ | 10,793 | $ | 68,631 | $ | -61,591 | $ | 207,132 | |||||||||||||||||||||||||
Total cost of revenue | 337,918 | 32,090 | 370,008 | 95,474 | 104,475 | 199,949 | - | 569,957 | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -22,345 | $ | -22,345 | ||||||||||||||||||||||||||||||||||
Net revenue | 450,928 | 15,339 | 466,267 | 137,621 | 132,536 | 270,157 | 2,445 | 738,869 | Equity in loss of unconsolidated subsidiary | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -136 | $ | -136 | |||||||||||||||||||||||||
Expenses | Provision for income taxes | $ | 73,257 | $ | -847 | $ | 72,410 | $ | 15,148 | $ | 3,274 | $ | 18,422 | $ | -21,563 | $ | 69,269 | |||||||||||||||||||||||||||||||||
Operations and administration | 264,337 | 30,221 | 294,558 | 82,986 | 85,552 | 168,538 | 52,464 | 515,560 | Expenditures for property and equipment | $ | 24,943 | $ | 6,259 | $ | 31,202 | $ | 9,710 | $ | 2,977 | $ | 12,687 | $ | 15,808 | $ | 59,697 | |||||||||||||||||||||||||
Depreciation and amortization | 22,454 | 14,513 | 36,967 | 8,376 | 905 | 9,281 | 10,634 | 56,882 | ||||||||||||||||||||||||||||||||||||||||||
Total expenses | 286,791 | 44,734 | 331,525 | 91,362 | 86,457 | 177,819 | 63,098 | 572,442 | As of December 31, 2010 | |||||||||||||||||||||||||||||||||||||||||
Income (loss) from operations | $ | 164,137 | $ | -29,395 | $ | 134,742 | $ | 46,259 | $ | 46,079 | $ | 92,338 | $ | -60,653 | $ | 166,427 | Total assets | 808,445 | 123,044 | 931,489 | 312,642 | 61,804 | 374,446 | 121,251 | 1,427,186 | |||||||||||||||||||||||||
Goodwill | 333,042 | 210,282 | 543,324 | |||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Revenues By Geographic Region | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||
2012 | 2011 | 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||
Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
United States | $ | 1,412,881 | $ | 1,284,407 | $ | 1,159,035 | ||||||||||||||||||||||||||||||||||||||||||||
Mexico | 60,678 | 73,069 | 75,993 | |||||||||||||||||||||||||||||||||||||||||||||||
United Kingdom | 308,464 | 211,915 | 96,222 | |||||||||||||||||||||||||||||||||||||||||||||||
Other foreign countries | 18,407 | 13,673 | 5,800 | |||||||||||||||||||||||||||||||||||||||||||||||
Total revenue | $ | 1,800,430 | $ | 1,583,064 | $ | 1,337,050 | ||||||||||||||||||||||||||||||||||||||||||||
As of December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||
Long-lived assets | 2012 | 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||
United States | $ | 254,809 | $ | 233,052 | ||||||||||||||||||||||||||||||||||||||||||||||
Mexico | 6,962 | 13,377 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total long-lived assets | $ | 261,771 | $ | 246,429 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ' | ||||||||||||||||||||||||||||||
Fair Value Assets (Liabilities) Measured On Recurring Basis | ' | ' | ||||||||||||||||||||||||||||||
September 30, | Fair Value Measurements Using | December 31, | Fair Value Measurements Using | |||||||||||||||||||||||||||||
2013 | Level 1 | Level 2 | Level 3 | 2012 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||
Financial assets (liabilities): | Financial assets (liabilities): | |||||||||||||||||||||||||||||||
Forward currency exchange contracts | $ | -790 | $ | - | $ | -790 | $ | - | Interest rate contracts1 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Nonqualified savings plan assets (a) | 13,455 | 13,455 | - | - | Forward currency exchange contracts | 1 | -406 | - | -406 | - | ||||||||||||||||||||||
Total | $ | 12,665 | $ | 13,455 | $ | -790 | $ | - | Nonqualified savings plan assets (a) | 11,347 | 11,347 | - | - | |||||||||||||||||||
Marketable securities(b) | 6,042 | 6,042 | - | - | ||||||||||||||||||||||||||||
September 30, | Fair Value Measurements Using | Total | $ | 16,983 | $ | 17,389 | $ | -406 | $ | - | ||||||||||||||||||||||
2012 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||
Financial assets (liabilities): | December 31, | Fair Value Measurements Using | ||||||||||||||||||||||||||||||
Forward currency exchange contracts | $ | -307 | $ | - | $ | -307 | $ | - | 2011 | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Nonqualified savings plan assets (a) | 10,990 | 10,990 | - | - | Financial assets (liabilities): | |||||||||||||||||||||||||||
Marketable securities(b) | 6,426 | 6,426 | - | - | Forward currency exchange contracts | 260 | - | 260 | - | |||||||||||||||||||||||
Total | $ | 17,109 | $ | 17,416 | $ | -307 | $ | - | Nonqualified savings plan assets (a) | 8,264 | 8,264 | - | - | |||||||||||||||||||
Marketable securities(b) | 4,412 | 4,412 | - | - | ||||||||||||||||||||||||||||
December 31, | Fair Value Measurements Using | Total | $ | 12,936 | $ | 12,676 | $ | 260 | $ | - | ||||||||||||||||||||||
2012 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||||||||
Financial assets (liabilities): | (a)a a | The nonqualified savings plan assets have an offsetting liability of equal amount, which is included in "Accounts payable and accrued expenses" in the Company's consolidated balance sheets. | ||||||||||||||||||||||||||||||
Forward currency exchange contracts | $ | -406 | $ | - | $ | -406 | $ | - | (b)a a a | Cumulative unrealized total gains/(losses), net of tax, on these equity securities of $0.3 million and ($0.8) million as of December 31, 2012 and 2011, respectively, are recorded in "Accumulated other comprehensive income (loss)" in the Company's consolidated statements of equity. | ||||||||||||||||||||||
Nonqualified savings plan assets (a) | 11,347 | 11,347 | - | - | ||||||||||||||||||||||||||||
Marketable securities(b) | 6,042 | 6,042 | - | - | ||||||||||||||||||||||||||||
Total | $ | 16,983 | $ | 17,389 | $ | -406 | $ | - | ||||||||||||||||||||||||
(a)a | The nonqualified savings plan assets have an offsetting liability of equal amount, which is included in “Accounts payable and accrued expenses” in the Company's consolidated balance sheets. | |||||||||||||||||||||||||||||||
(b)a a a | Cumulative unrealized total gains, net of tax, on these equity securities of $0.5 million and $0.3 million as of September 30, 2012 and December 31, 2012, respectively, are recorded in “Accumulated other comprehensive income (loss)” in the Company's consolidated statements of equity. These marketable securities were sold during the second quarter of 2013. See Note 7 for further discussion. | |||||||||||||||||||||||||||||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Required To Be Disclosed | ' | ' | ||||||||||||||||||||||||||||||
Carrying Value | Estimated Fair Value | Carrying Value | Estimated Fair Value | |||||||||||||||||||||||||||||
September 30, | September 30, | Fair Value Measurement Using | December 31, | December 31, | Fair Value Measurement Using | |||||||||||||||||||||||||||
2013 | 2013 | Level 1 | Level 2 | Level 3 | 2012 | 2012 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||
Financial assets: | Financial assets: | |||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 84,096 | $ | 84,096 | $ | 84,096 | $ | - | $ | - | Cash and cash equivalents | $ | 63,134 | $ | 63,134 | $ | 63,134 | $ | - | $ | - | |||||||||||
Pawn loans | 253,678 | 253,678 | - | - | 253,678 | Pawn loans | 244,640 | 244,640 | - | - | 244,640 | |||||||||||||||||||||
Consumer loans, net | 328,281 | 328,281 | - | - | 328,281 | Consumer loans, net | 289,418 | 289,418 | - | - | 289,418 | |||||||||||||||||||||
Pawn loan fees and service charges receivable | 50,090 | 50,090 | - | - | 50,090 | Pawn loan fees and service charges receivable | 48,991 | 48,991 | - | - | 48,991 | |||||||||||||||||||||
Total | $ | 716,145 | $ | 716,145 | $ | 84,096 | $ | - | $ | 632,049 | Total | $ | 646,183 | $ | 646,183 | $ | 63,134 | $ | - | $ | 583,049 | |||||||||||
Financial liabilities: | Financial liabilities: | |||||||||||||||||||||||||||||||
Domestic and Multi-currency Line of credit | $ | 120,225 | $ | 126,260 | $ | - | $ | 126,260 | $ | - | Domestic and Multi-currency Line of credit | $ | 301,011 | $ | 309,969 | $ | - | $ | 309,969 | $ | - | |||||||||||
Senior unsecured notes | 455,872 | 445,888 | - | 445,888 | - | Senior unsecured notes | 167,122 | 165,961 | - | 165,961 | - | |||||||||||||||||||||
2029 Convertible Notes | 106,752 | 195,612 | - | 195,612 | - | 2009 Convertible Notes | 110,197 | 186,300 | - | 186,300 | - | |||||||||||||||||||||
Total | $ | 682,849 | $ | 767,760 | $ | - | $ | 767,760 | $ | - | Total | $ | 578,330 | $ | 662,230 | $ | - | $ | 662,230 | $ | - | |||||||||||
Carrying Value | Estimated Fair Value | Carrying Value | Estimated Fair Value | |||||||||||||||||||||||||||||
September 30, | September 30, | Fair Value Measurement Using | December 31, | December 31, | Fair Value Measurement Using | |||||||||||||||||||||||||||
2012 | 2012 | Level 1 | Level 2 | Level 3 | 2011 | 2011 | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||||
Financial assets: | Financial assets: | |||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 78,663 | $ | 78,663 | $ | 78,663 | $ | - | $ | - | Cash and cash equivalents | $ | 62,542 | $ | 62,542 | $ | 62,542 | $ | - | $ | - | |||||||||||
Pawn loans | 254,077 | 254,077 | - | - | 254,077 | Pawn loans | 253,519 | 253,519 | - | - | 253,519 | |||||||||||||||||||||
Consumer loans, net | 256,825 | 256,825 | - | - | 256,825 | Consumer loans, net | 222,778 | 222,778 | - | - | 222,778 | |||||||||||||||||||||
Pawn loan fees and service charges receivable | 48,771 | 48,771 | - | - | 48,771 | Pawn loan fees and service charges receivable | 48,003 | 48,003 | - | - | 48,003 | |||||||||||||||||||||
Total | $ | 638,336 | $ | 638,336 | $ | 78,663 | $ | - | $ | 559,673 | Total | $ | 586,842 | $ | 586,842 | $ | 62,542 | $ | - | $ | 524,300 | |||||||||||
Financial liabilities: | Financial liabilities: | |||||||||||||||||||||||||||||||
Domestic and Multi-currency Line of credit | $ | 288,266 | $ | 295,747 | $ | - | $ | 295,747 | $ | - | Domestic and Multi-currency Line of credit | $ | 280,839 | $ | 291,983 | $ | - | $ | 291,983 | $ | - | |||||||||||
Senior unsecured notes | 191,810 | 190,574 | - | 190,574 | - | Senior unsecured notes | 149,394 | 147,721 | - | 147,721 | - | |||||||||||||||||||||
2029 Convertible Notes | 109,387 | 184,431 | - | 184,431 | - | 2009 Convertible Notes | 107,058 | 220,642 | - | 220,642 | - | |||||||||||||||||||||
Total | $ | 589,463 | $ | 670,752 | $ | - | $ | 670,752 | $ | - | Total | $ | 537,291 | $ | 660,346 | $ | - | $ | 660,346 | $ | - | |||||||||||
Carrying Value | Estimated Fair Value | |||||||||||||||||||||||||||||||
December 31, | December 31, | Fair Value Measurement Using | ||||||||||||||||||||||||||||||
2012 | 2012 | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||||||
Financial assets: | ||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 63,134 | $ | 63,134 | $ | 63,134 | $ | - | $ | - | ||||||||||||||||||||||
Pawn loans | 244,640 | 244,640 | - | - | 244,640 | |||||||||||||||||||||||||||
Consumer loans, net | 289,418 | 289,418 | - | - | 289,418 | |||||||||||||||||||||||||||
Pawn loan fees and service charges receivable | 48,991 | 48,991 | - | - | 48,991 | |||||||||||||||||||||||||||
Total | $ | 646,183 | $ | 646,183 | $ | 63,134 | $ | - | $ | 583,049 | ||||||||||||||||||||||
Financial liabilities: | ||||||||||||||||||||||||||||||||
Domestic and Multi-currency Line of credit | $ | 301,011 | $ | 309,969 | $ | - | $ | 309,969 | $ | - | ||||||||||||||||||||||
Senior unsecured notes | 167,122 | 165,961 | - | 165,961 | - | |||||||||||||||||||||||||||
2029 Convertible Notes | 110,197 | 186,300 | - | 186,300 | - | |||||||||||||||||||||||||||
Total | $ | 578,330 | $ | 662,230 | $ | - | $ | 662,230 | $ | - |
Quarterly_Financial_Data_Table
Quarterly Financial Data (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2012 | |||||||||||||||
Quarterly Financial Data [Abstract] | ' | ||||||||||||||
Quarterly Results Of Operations | ' | ||||||||||||||
First | Second | Third | Fourth | ||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||
2012 | |||||||||||||||
Total revenue | $ | 457,488 | $ | 411,644 | $ | 439,694 | $ | 491,604 | |||||||
Cost of revenue | 200,704 | 178,036 | 191,217 | 224,516 | |||||||||||
Net revenue | 256,784 | 233,608 | 248,477 | 267,088 | |||||||||||
Net income attributable to Cash America International, Inc.(b) | 41,467 | 29,820 | 11,703 | 24,480 | |||||||||||
Diluted net income per share (a) | $ | 1.3 | $ | 0.94 | $ | 0.37 | $ | 0.79 | |||||||
Diluted weighted average common shares | 31,912 | 31,822 | 31,375 | 30,884 | |||||||||||
2011 | |||||||||||||||
Total revenue | $ | 364,864 | $ | 345,939 | $ | 398,304 | $ | 473,957 | |||||||
Cost of revenue | 148,736 | 136,091 | 162,850 | 225,628 | |||||||||||
Net revenue | 216,128 | 209,848 | 235,454 | 248,329 | |||||||||||
Net income attributable to Cash America International, Inc. | 36,378 | 26,981 | 34,777 | 37,827 | |||||||||||
Diluted net income per share (a) | $ | 1.13 | $ | 0.84 | $ | 1.08 | $ | 1.18 | |||||||
Diluted weighted average common shares | 32,060 | 31,994 | 32,248 | 32,059 | |||||||||||
(a) | The sum of the quarterly net income per share amounts may not total to each full year amount presented in the Company's financial statements because these computations are made independently for each quarter and for the full year and take into account the weighted average number of common shares outstanding for each period, including the effect of dilutive securities for that period. | ||||||||||||||
(b) | Net income attributable to Cash America International, Inc. for the third and fourth quarter of 2012 did not follow the normal seasonal trend due to the expenses recognized in connection with the Mexico Reorganization and the Ohio Reimbursements. See Notes 4 and 15. |
Nature_Of_The_Company_Details
Nature Of The Company (Details) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Nature Of Company [Line Items] | ' | ' |
Term Of Loan | '90 days | '90 days |
Minimum [Member] | ' | ' |
Nature Of Company [Line Items] | ' | ' |
Term Of Loan | ' | '30 days |
Maximum [Member] | ' | ' |
Nature Of Company [Line Items] | ' | ' |
Term Of Loan | ' | '90 days |
Significant_Accounting_Policie3
Significant Accounting Policies (Narrative) (Details) (USD $) | 9 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Term of pawn loans (in days) | '90 days | '90 days | ' |
Allowance on carrying value of disposition | ' | $0.90 | $0.70 |
Guarantee period (in days) | ' | '30 days | ' |
Return allowance | ' | 0.3 | 0.3 |
Days for delinquent loans to be charged off | '60 days | '60 days | ' |
Cash And Cash Equivalent Maturity Period | '90 days | '90 days | ' |
Mexico [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Allowance on carrying value of disposition | ' | $0.50 | ' |
Point Of Sale System [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Finite-Lived Intangible Assets Useful Life | ' | '10 years | ' |
Minimum [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Additional grace period (in days) | ' | '10 days | ' |
Term of pawn loans (in days) | ' | '30 days | ' |
Delinquent loans expiry period (in days) | '1 day | '1 day | ' |
Minimum [Member] | Software Development [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Finite-Lived Intangible Assets Useful Life | ' | '2 years | ' |
Minimum [Member] | Goodwill And Other Intangible Assets [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Finite-Lived Intangible Assets Useful Life | ' | '3 years | ' |
Maximum [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Additional grace period (in days) | ' | '60 days | ' |
Term of pawn loans (in days) | ' | '90 days | ' |
Delinquent loans expiry period (in days) | '59 days | '59 days | ' |
Maximum [Member] | Software Development [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Finite-Lived Intangible Assets Useful Life | ' | '5 years | ' |
Maximum [Member] | Goodwill And Other Intangible Assets [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Finite-Lived Intangible Assets Useful Life | ' | '10 years | ' |
Significant_Accounting_Policie4
Significant Accounting Policies (Estimated Useful Lives) (Details) | 12 Months Ended | |
Dec. 31, 2012 | ||
Building And Building Improvements [Member] | Maximum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '40 years | [1] |
Building And Building Improvements [Member] | Minimum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '7 years | [1] |
Leasehold Improvements [Member] | Maximum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '10 years | [2] |
Leasehold Improvements [Member] | Minimum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '2 years | [2] |
Furniture Fixtures And Equipment [Member] | Maximum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '7 years | |
Furniture Fixtures And Equipment [Member] | Minimum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '3 years | |
Computer Hardware And Software [Member] | Maximum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '10 years | |
Computer Hardware And Software [Member] | Minimum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '1 year | |
Structural Components [Member] | Maximum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '40 years | |
Structural Components [Member] | Minimum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '30 years | |
Building Systems And Features [Member] | Maximum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '20 years | |
Building Systems And Features [Member] | Minimum [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Property, Plant and Equipment, Useful Life | '7 years | |
[1] | Structural components are depreciated over 30 to 40 years, and the remaining building systems and features are depreciated over 7 to 20 years. | |
[2] | Leasehold improvements are depreciated over the terms of the lease agreements with a maximum life of 10 years. |
Significant_Accounting_Policie5
Significant Accounting Policies (Reconciliation Of Numerators And Denominators Of Basic And Diluted Earnings Per Share Computations) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||||||||||||||
Significant Accounting Policies [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||
Net income attributable to Cash America International, Inc. | $46,186 | $24,480 | [1] | $11,703 | [1] | $29,820 | [1] | $41,467 | [1] | $37,827 | $34,777 | $26,981 | $36,378 | $115,244 | $82,990 | $107,470 | $135,963 | $115,538 | ||||||||||
Total weighted average basic shares | 28,426 | [2] | ' | 29,536 | [2] | ' | ' | ' | ' | ' | ' | 28,747 | [2] | 29,599 | [2] | 29,514 | [3] | 29,602 | [3] | 29,640 | [3] | |||||||
Shares applicable to stock-based compensation | 102 | [4] | ' | 164 | [4] | ' | ' | ' | ' | ' | ' | 92 | [4] | 188 | [4] | 174 | [5] | 251 | [5] | 548 | [5] | |||||||
Convertible debt | 1,851 | [6] | ' | 1,675 | [6] | ' | ' | ' | ' | ' | ' | 2,018 | [6] | 1,856 | [6] | 1,764 | [7] | 2,138 | [7] | 1,333 | [7] | |||||||
Total weighted average diluted shares | 30,379 | [8] | 30,884 | 31,375 | [8] | 31,822 | 31,912 | 32,059 | 32,248 | 31,994 | 32,060 | 30,857 | [8] | 31,643 | [8] | 31,452 | [9] | 31,991 | [9] | 31,521 | [9] | |||||||
Net income - basic | $1.62 | ' | $0.40 | ' | ' | ' | ' | ' | ' | $4.01 | $2.80 | $3.64 | $4.59 | $3.90 | ||||||||||||||
Net income - diluted | $1.52 | $0.79 | [10] | $0.37 | [10] | $0.94 | [10] | $1.30 | [10] | $1.18 | [10] | $1.08 | [10] | $0.84 | [10] | $1.13 | [10] | $3.73 | $2.62 | $3.42 | $4.25 | $3.67 | ||||||
Vested restricted stock units, in shares | 301 | ' | 291 | ' | ' | ' | ' | ' | ' | 308 | 285 | 287 | 231 | 191 | ||||||||||||||
Non-qualified savings plan, in shares | 31 | ' | 31 | ' | ' | ' | ' | ' | ' | 31 | 31 | 31 | 32 | 33 | ||||||||||||||
[1] | Net income attributable to Cash America International, Inc. for the third and fourth quarter of 2012 did not follow the normal seasonal trend due to the expenses recognized in connection with the Mexico ReorganizationB and the Ohio Reimbursements.B See Notes 4 and 15. | |||||||||||||||||||||||||||
[2] | Includes vested and deferred restricted stock units of 301 and 291, as well as 31 and 31 shares held in the Company's nonqualified deferred compensation plan for the three months ended September 30, 2013 and 2012, respectively, and vested and deferred restricted stock units of 308 and 285, as well as 31 and 31 shares held in the Company's nonqualified deferred compensation plan for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||||||||||||||||
[3] | Includes vested restricted stock units of 287, 231 and 191, as well as shares in the Company's nonqualified deferred compensation plan of 31, 32 and 33 for the years ended December 31, 2012, 2011 and 2010, respectively. | |||||||||||||||||||||||||||
[4] | For the three and nine months ended September 30, 2013, includes shares related to unvested restricted stock unit awards. For the three and nine months ended September 30, 2012, includes shares related to outstanding option awards that were exercisable and shares related to unvested restricted stock unit awards. | |||||||||||||||||||||||||||
[5] | For the years ended December 31, 2012, 2011 and 2010, includes shares related to outstanding option awards that are exercisable and unvested or deferred restricted stock unit awards. Although there were no stock option awards outstanding as of December 31, 2012, the dilutive effect of stock-based compensation is based on weighted amount of outstanding awards during the year; therefore, a portion of the stock option awards outstanding during 2012 are included in this amount. For the year ended December 31, 2011, there is an immaterial amount of unvested or deferred restricted stock units that are excluded from shares applicable to stock-based compensation because its impact would be anti-dilutive. | |||||||||||||||||||||||||||
[6] | The shares issuable with respect to the Company's senior unsecured convertible notes due 2029 (the b2029 Convertible Notesb) have been calculated using the treasury stock method. The Company intends to settle the principal portion of the convertible debt in cash; therefore, only the shares related to the conversion spread have been included in weighted average diluted shares. | |||||||||||||||||||||||||||
[7] | The shares issuable with respect to the Company's 2009 Convertible Notes due 2029 have been calculated using the treasury stock method. The Company intends to settle the principal portion of the convertible debt in cash; therefore, only the shares related to the conversion spread have been included in weighted average diluted shares. | |||||||||||||||||||||||||||
[8] | There were 25 anti-dilutive shares for the nine months ended September 30, 2013 and no anti-dilutive shares for the three months ended September 30, 2013 and three and nine months ended September 30, 2012. | |||||||||||||||||||||||||||
[9] | Except as described in footnote (b), there are no anti-dilutive shares. | |||||||||||||||||||||||||||
[10] | The sum of the quarterly net income per share amounts may not total to each full year amount presented in the Company's financial statements because these computations are made independently for each quarter and for the full year and take into account the weighted average number of common shares outstanding for each period, including the effect of dilutive securities for that period. |
Significant_Accounting_Policie6
Significant Accounting Policies (Summary of Effect of Accounting Change) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventory, Net, Total | $193,115 | $167,409 | $171,285 | ' | ' | $161,884 | ' | ' | ' | $193,115 | $171,285 | $167,409 | $161,884 | ' |
Prepaid expenses and other assets | 28,840 | 35,605 | 36,912 | ' | ' | 31,301 | ' | ' | ' | 28,840 | 36,912 | 35,605 | 31,301 | ' |
Pawn loan fees and service charges | 79,298 | ' | 76,500 | ' | ' | ' | ' | ' | ' | 227,940 | 221,450 | 300,929 | 282,197 | 243,713 |
Proceeds from disposition of merchandise | 128,660 | ' | 153,493 | ' | ' | ' | ' | ' | ' | 438,909 | 517,832 | 703,767 | 688,884 | 588,190 |
Total revenue | 437,801 | 491,604 | 439,694 | 411,644 | 457,488 | 473,957 | 398,304 | 345,939 | 364,864 | 1,316,880 | 1,308,826 | 1,800,430 | 1,583,064 | 1,337,050 |
Disposed merchandise | 91,101 | ' | 106,918 | ' | ' | ' | ' | ' | ' | 301,397 | 350,878 | 478,179 | 447,617 | 382,467 |
Total cost of revenue | 190,794 | 224,516 | 191,217 | 178,036 | 200,704 | 225,628 | 162,850 | 136,091 | 148,736 | 553,171 | 569,957 | 794,473 | 673,305 | 564,861 |
Gross Profit | 247,007 | 267,088 | 248,477 | 233,608 | 256,784 | 248,329 | 235,454 | 209,848 | 216,128 | 763,709 | 738,869 | 1,005,957 | 909,759 | 772,189 |
Merchandise held for disposition | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,011 | 8,216 | 10,229 | -7,150 | -1,869 |
Prepaid expenses and other assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,920 | -681 | -284 | 2,337 | 4,146 |
Net cash (used in) provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 433,296 | 357,846 | 518,281 | 454,004 | 359,160 |
Pawn loans repaid | ' | ' | ' | ' | ' | ' | ' | ' | ' | 320,055 | 323,891 | 426,583 | 408,105 | 340,267 |
Principal recovered through dispositions of forfeited pawn loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | 209,399 | 244,686 | 336,791 | 316,651 | 291,163 |
Net cash provided by (used in) investing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -452,991 | -371,722 | -526,654 | -482,044 | -377,065 |
Pawn loans forfeited and transferred to merchandise held for disposition | ' | ' | ' | ' | ' | ' | ' | ' | ' | 237,685 | 257,278 | 350,122 | 334,869 | 297,045 |
ScenarioPreviouslyReportedMember | Balance Sheet [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventory, Net, Total | ' | ' | ' | ' | ' | 151,274 | ' | ' | ' | ' | ' | ' | 151,274 | ' |
Prepaid expenses and other assets | ' | ' | ' | ' | ' | 41,911 | ' | ' | ' | ' | ' | ' | 41,911 | ' |
ScenarioPreviouslyReportedMember | Income Statement [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pawn loan fees and service charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 291,891 | 253,314 |
Proceeds from disposition of merchandise | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 636,728 | 534,878 |
Total revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,540,602 | 1,293,339 |
Disposed merchandise | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 405,155 | 338,756 |
Total cost of revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 630,843 | 521,150 |
Gross Profit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 909,759 | 772,189 |
ScenarioPreviouslyReportedMember | Cash Flow [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Merchandise held for disposition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,238 | -6,914 |
Prepaid expenses and other assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,723 | 1,337 |
Net cash (used in) provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 448,856 | 351,306 |
Pawn loans repaid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 453,350 | 391,440 |
Principal recovered through dispositions of forfeited pawn loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 275,547 | 248,850 |
Net cash provided by (used in) investing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -477,903 | -368,205 |
ScenarioPreviouslyReportedMember | Cash Flow Supplemental [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pawn loans forfeited and transferred to merchandise held for disposition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $299,693 | $245,872 |
Acquisitions_Narrative_Details
Acquisitions (Narrative) (Details) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2012 | Oct. 25, 2012 | Dec. 31, 2012 | Sep. 27, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 04, 2010 | Dec. 31, 2012 | Dec. 31, 2008 | Dec. 31, 2012 | Dec. 31, 2012 | Jul. 23, 2008 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 26, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | |
store | Nine Stores Pawn Lending Locations [Member] | Nine Stores Pawn Lending Locations [Member] | Twenty Five Stores Pawn Lending Locations [Member] | Twenty Five Stores Pawn Lending Locations [Member] | Pawn Partners, Inc. [Member] | Pawn Partners, Inc. [Member] | Maxit [Member] | Maxit [Member] | Prenda Facil [Member] | Prenda Facil [Member] | Debit Plus Llc [Member] | Debit Plus Llc [Member] | Other [Member] | Other [Member] | Other [Member] | E-Commerce [Member] | Creazione [Member] | Creazione [Member] | Texas [Member] | Georgia [Member] | North Carolina [Member] | Georgia And North Carolina [Member] | Semi Annual Measurement Date Middle Of Year [Member] | Semi Annual Measurement Date End Of Year [Member] | ||||
store | store | store | store | store | store | store | Debit Plus Llc [Member] | Debit Plus Llc [Member] | ||||||||||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Date of Acquisition Agreement | ' | ' | ' | 8-Oct-12 | ' | 27-Sep-12 | ' | 22-Nov-11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Date of acquisition | ' | ' | ' | ' | ' | 27-Sep-12 | ' | 30-Nov-11 | ' | ' | 4-Oct-10 | ' | ' | 23-Jul-08 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Number of Stores | ' | ' | ' | 9 | ' | 25 | ' | 7 | ' | 39 | ' | ' | ' | ' | ' | 3 | 1 | 5 | ' | ' | ' | 41 | 31 | 3 | 34 | ' | ' | |
Cash paid | ' | ' | ' | ' | $15,431,000 | ' | $52,000,000 | ' | $49,261,000 | ' | $58,174,000 | $82,600,000 | $82,900,000 | ' | $5,600,000 | ' | ' | ' | ' | $5,600,000 | ' | ' | ' | ' | ' | ' | ' | |
Acquisition costs | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | 1,500,000 | ' | 3,600,000 | 300,000 | ' | 300,000 | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | |
Acquisition consideration paid in shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | 366,097 | ' | 391,236 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Restricted stock paid for acquisition | 0 | 0 | 10,854,000 | ' | ' | ' | ' | ' | ' | ' | 10,854,000 | ' | 7,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Percentage of voting interest acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80.00% | ' | ' | ' | ' | ' | ' | ' | 80.00% | 20.00% | ' | ' | ' | ' | ' | ' | |
Business acquisition purchase price | ' | ' | ' | ' | ' | 55,091,000 | ' | 53,561,000 | ' | ' | 69,028,000 | ' | 90,500,000 | 24,900,000 | ' | 3,200,000 | 300,000 | 2,900,000 | ' | 8,400,000 | ' | 103,744,000 | ' | ' | 62,000,000 | ' | ' | |
Repayment of loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Supplemental earn-out payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' | 8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Amount of supplemental payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 23,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Measurement date for final supplemental payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'June 30 | 'December 31 | |
Intangible assets, net | ' | ' | ' | ' | 2,500,000 | ' | 8,000,000 | ' | 9,570,000 | ' | 7,500,000 | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | 14,404,000 | [1] | ' | ' | ' | ' | ' |
Additional cash consideration payable | ' | ' | ' | ' | -128,000 | -3,100,000 | ' | ' | -4,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Additional Cash Consideration Paid | ' | ' | ' | ' | ' | ' | ' | $4,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Number Of Stores Operating After Restructure | 47 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
[1] | Includes $11.9 million related to customer relationships being amortized over seven years and $2.5 million related to a non-competition agreement being amortized over 10 years. |
Acquisitions_Schedule_Of_Purch
Acquisitions (Schedule Of Purchase Price Allocation) (Details) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Oct. 25, 2012 | Dec. 31, 2012 | Sep. 27, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Oct. 04, 2010 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
Nine Stores Pawn Lending Locations [Member] | Twenty Five Stores Pawn Lending Locations [Member] | Twenty Five Stores Pawn Lending Locations [Member] | Pawn Partners, Inc. [Member] | Pawn Partners, Inc. [Member] | Maxit [Member] | Maxit [Member] | Texas [Member] | Texas [Member] | Texas [Member] | |||||
Customer And Lead Provider Relationships [Member] | Noncompete Agreements [Member] | |||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Pawn loans | ' | ' | ' | $3,887,000 | ' | $7,057,000 | ' | $10,657,000 | $20,714,000 | ' | $14,468,000 | ' | ' | |
Merchandise acquired | ' | ' | ' | ' | ' | ' | ' | 5,485,000 | 6,217,000 | ' | 8,024,000 | ' | ' | |
Merchandise held for disposition, net | ' | ' | ' | 712,000 | ' | 7,534,000 | ' | ' | ' | ' | ' | ' | ' | |
Pawn loan fees and service charges receivable | ' | ' | ' | 509,000 | ' | 1,506,000 | ' | 1,424,000 | 2,268,000 | ' | 2,094,000 | ' | ' | |
Property and equipment | ' | ' | ' | 200,000 | ' | 631,000 | ' | 70,000 | 7,578,000 | ' | 4,230,000 | ' | ' | |
Goodwill | ' | ' | ' | 7,662,000 | ' | 31,521,000 | ' | 26,679,000 | 26,246,000 | ' | 62,335,000 | ' | ' | |
Intangible assets, net | ' | ' | ' | 2,500,000 | ' | 8,000,000 | ' | 9,570,000 | 7,500,000 | ' | 14,404,000 | [1] | 11,900,000 | 2,500,000 |
Other assets | ' | ' | ' | 103,000 | ' | ' | ' | ' | 80,000 | ' | 383,000 | ' | ' | |
Other liabilities | ' | ' | ' | ' | ' | ' | ' | -99,000 | -1,426,000 | ' | 829,000 | ' | ' | |
Customer deposits | ' | ' | ' | -14,000 | ' | -1,158,000 | ' | -225,000 | -149,000 | ' | 1,365,000 | ' | ' | |
Net assets acquired | ' | ' | ' | 15,559,000 | ' | ' | ' | 53,561,000 | ' | ' | ' | ' | ' | |
Additional cash consideration payable | ' | ' | ' | -128,000 | -3,100,000 | ' | ' | -4,300,000 | ' | ' | ' | ' | ' | |
Additional Cash Consideration Paid | ' | ' | ' | ' | ' | ' | 4,300,000 | ' | ' | ' | ' | ' | ' | |
Restricted stock paid for acquisition | 0 | 0 | -10,854,000 | ' | ' | ' | ' | ' | -10,854,000 | ' | ' | ' | ' | |
Purchase price adjustments (acquisition costs) | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | 1,500,000 | 400,000 | ' | ' | |
Total cash paid for acquisition | ' | ' | ' | 15,431,000 | ' | 52,000,000 | ' | 49,261,000 | 58,174,000 | ' | ' | ' | ' | |
Total consideration paid for acquisition, net of cash acquired | ' | ' | ' | ' | $55,091,000 | ' | $53,561,000 | ' | $69,028,000 | ' | $103,744,000 | ' | ' | |
Amortization period, in years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '7 years | '10 years | |
[1] | Includes $11.9 million related to customer relationships being amortized over seven years and $2.5 million related to a non-competition agreement being amortized over 10 years. |
Recovered_Sheet1
Reorganization Of Mexico-based Pawn Operations (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||
Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 26, 2012 | |
store | store | Creazione [Member] | Creazione [Member] | ||
Restructuring And Related Cost [Abstract] | ' | ' | ' | ' | ' |
Restructuring and Related Activities, Initiation Date | ' | ' | 26-Sep-12 | ' | ' |
Restructuring and Related Activities, Completion Year | ' | ' | 'December 31, 2012 | ' | ' |
Number Of Stores Operating After Restructure | 47 | ' | 47 | ' | ' |
Number Of Stores Closed | ' | ' | 148 | ' | ' |
Restructuring Charges | ' | ' | $28,873,000 | ' | ' |
Acquisition of the outstanding stock of Creazione | ' | ' | ' | 80.00% | 20.00% |
Cash paid | ' | ' | ' | 5,600,000 | ' |
Business Acquisition, Liabilities Incurred | ' | ' | ' | 2,800,000 | ' |
Business acquisition purchase price | ' | ' | ' | 8,400,000 | ' |
Change in additional paid in capital | ' | ' | ' | 7,700,000 | ' |
Excess purchase price over noncontrolling interest | ' | ' | ' | 700,000 | ' |
Impairment of property and equipment | 1,500,000 | 6,000,000 | 7,500,000 | ' | ' |
Indefinite Lived And Other Intangible Assets Impairment Losses | ' | ' | $5,100,000 | ' | ' |
Reorganization_of_Mexicobased_2
Reorganization of Mexico-based Pawn Operations ( Restructuring And Related Costs) (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2012 |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | $28,873 |
Employee Termination Costs [Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | 2,424 |
Lease Termination Costs [Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | 1,628 |
Operations And Administration Expenses [Member] | Inventory Shrinkage And Loss On Sale Of Assets [Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | 2,424 |
Operations And Administration Expenses [Member] | Employee Termination Costs [Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | 2,395 |
Operations And Administration Expenses [Member] | Lease Termination Costs [Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | 1,628 |
Operations And Administration Expenses [Member] | Impairment Of Other Assets [Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | 1,211 |
Operations And Administration Expenses [Member] | Other Restructuring Charges [Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | 798 |
Depreciation And Amortization Expense [Member] | Impairment And Losses On Property And Equipment [Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | 7,478 |
Depreciation And Amortization Expense [Member] | Impairment Of Intangible Assets [Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | 5,086 |
Provision For Income Taxes [Member] | Deferred Tax Assets Valuation Allowance [Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | 7,161 |
Revenue [Member] | Uncollectible Receivables r[Member] | ' |
Restructuring And Related Cost [Abstract] | ' |
Restructuring Charges | $692 |
Recovered_Sheet2
Reorganization Of Mexico-based Pawn Operations (Summary Of Accrued Expenses And Changes in Accrued Balance) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Restructuring Cost And Reserve [Line Items] | ' | ' |
Charges | $28,873 | ' |
Restructuring Reserve | 0 | 0 |
Employee Termination Costs [Member] | ' | ' |
Restructuring Cost And Reserve [Line Items] | ' | ' |
Charges | 2,424 | ' |
Cash Payment | -2,427 | ' |
Foreign currency changes | 3 | ' |
Non-cash Charges | 0 | ' |
Lease Termination Costs [Member] | ' | ' |
Restructuring Cost And Reserve [Line Items] | ' | ' |
Charges | 1,628 | ' |
Cash Payment | -597 | ' |
Foreign currency changes | 7 | ' |
Non-cash Charges | -929 | ' |
Restructuring Reserve | 109 | ' |
Total Employee Termination And Lease Termination Costs [Member] | ' | ' |
Restructuring Cost And Reserve [Line Items] | ' | ' |
Charges | 4,052 | ' |
Cash Payment | -3,024 | ' |
Foreign currency changes | 10 | ' |
Non-cash Charges | -929 | ' |
Restructuring Reserve | $109 | ' |
Credit_Quality_Information_On_1
Credit Quality Information On Pawn Loans (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Millions, unless otherwise specified | ||||
Credit Quality Information On Pawn Loans [Abstract] | ' | ' | ' | ' |
Performing pawn loans outstanding | $245.50 | $235.30 | $246 | $248.40 |
Delinquent pawn loans outstanding | $8.20 | $9.30 | $8.10 | $5.10 |
Consumer_Loans_Credit_Quality_2
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Estimated Losses On Consumer Loans (Narrative) (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' |
Accrual for losses on consumer loan guaranty obligations | $2.80 | $3.50 | $3.40 | $3.10 |
Active consumer loans owned by third-party lenders | 50.1 | 64.7 | 55.3 | 59.4 |
Non Accrual Consumer Loans Amount | ' | $62 | ' | $58.30 |
Days for delinquent loans to be charged off | '60 days | '60 days | ' | ' |
Minimum [Member] | ' | ' | ' | ' |
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' |
Delinquent loans expiry period (in days) | '1 day | '1 day | ' | ' |
Maximum [Member] | ' | ' | ' | ' |
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' |
Delinquent loans expiry period (in days) | '59 days | '59 days | ' | ' |
Short Term Loans [Member] | ' | ' | ' | ' |
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' |
Guaranteed Loans Term | '90 days | '90 days | ' | ' |
Secured Auto Equity Loans [Member] | ' | ' | ' | ' |
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' |
Guaranteed Loans Term | '42 months | '42 months | ' | ' |
Guaranteed Loans Term Average | '24 months | ' | ' | ' |
Consumer_Loans_Credit_Quality_3
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Estimated Losses On Consumer Loans (Schedule Of Consumer Loan Fee Revenue) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' | ' | ' | ' | |||
Consumer loan revenue | $227,563 | $205,094 | $640,199 | $558,656 | $781,520 | $598,646 | $490,952 | |||
Short Term Loans [Member] | ' | ' | ' | ' | ' | ' | ' | |||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' | ' | ' | ' | |||
Consumer loan revenue | 118,775 | 145,857 | 385,548 | 420,439 | 569,765 | 510,881 | 445,220 | |||
Installment Loans [Member] | ' | ' | ' | ' | ' | ' | ' | |||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' | ' | ' | ' | |||
Consumer loan revenue | 58,284 | 39,160 | 152,630 | 92,219 | 138,183 | 57,175 | 12,077 | |||
L O C [Member] | ' | ' | ' | ' | ' | ' | ' | |||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' | ' | ' | ' | |||
Consumer loan revenue | $50,504 | $20,077 | $102,021 | $45,998 | $73,572 | [1] | $30,590 | [1] | $33,655 | [1] |
[1] | Includes MLOC receivables, which are participation interests in receivables acquired from a third-party lender in connection with the MLOC services the Company offered. The Company stopped providing MLOC services on behalf of a third-party lender in October 2010 when the lender discontinued offering MLOC advances. |
Consumer_Loans_Credit_Quality_4
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Estimated Losses On Consumer Loans (Components Of Company-Owned Consumer Loans And Receivables) (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | ||
In Thousands, unless otherwise specified | ||||||||||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ||
Current loans | $345,974 | ' | $300,976 | $262,020 | ' | $216,202 | ' | ' | ||
Delinquent loans | 72,263 | ' | 74,145 | 74,051 | ' | 69,648 | ' | ' | ||
Total consumer loans, gross | 418,237 | ' | 375,121 | 336,071 | ' | 285,850 | ' | ' | ||
Less: Allowance for losses | -89,956 | -79,863 | -85,703 | -79,246 | -70,571 | -63,072 | -38,953 | -27,350 | ||
Consumer loans, net | 328,281 | ' | 289,418 | 256,825 | ' | 222,778 | ' | ' | ||
Short Term Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ||
Current loans | 103,320 | ' | 146,732 | 130,034 | ' | 137,672 | ' | ' | ||
Delinquent loans | 41,706 | ' | 52,565 | 52,438 | ' | 56,884 | ' | ' | ||
Total consumer loans, gross | 145,026 | ' | 199,297 | 182,472 | ' | 194,556 | ' | ' | ||
Less: Allowance for losses | -34,829 | -42,068 | -45,982 | -43,852 | -45,409 | -46,406 | -32,942 | -25,194 | ||
Consumer loans, net | 110,197 | ' | 153,315 | 138,620 | ' | 148,150 | ' | ' | ||
Installment Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ||
Current loans | 155,100 | ' | 117,641 | 98,262 | ' | 59,146 | ' | ' | ||
Delinquent loans | 18,505 | ' | 15,483 | 16,734 | ' | 10,500 | ' | ' | ||
Total consumer loans, gross | 173,605 | ' | 133,124 | 114,996 | ' | 69,646 | ' | ' | ||
Less: Allowance for losses | -33,193 | -27,146 | -28,614 | -27,231 | -19,919 | -12,943 | -2,988 | -520 | ||
Consumer loans, net | 140,412 | ' | 104,510 | 87,765 | ' | 56,703 | ' | ' | ||
L O C [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ||
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Losses On Consumer Loans [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ||
Current loans | 87,554 | ' | 36,603 | 33,724 | ' | 19,384 | ' | ' | ||
Delinquent loans | 12,052 | ' | 6,097 | 4,879 | ' | 2,264 | ' | ' | ||
Total consumer loans, gross | 99,606 | ' | 42,700 | 38,603 | ' | 21,648 | ' | ' | ||
Less: Allowance for losses | -21,934 | -10,649 | -11,107 | -8,163 | -5,243 | -3,723 | -3,023 | [1] | -1,636 | [1] |
Consumer loans, net | $77,672 | ' | $31,593 | $30,440 | ' | $17,925 | ' | ' | ||
[1] | Includes MLOC receivables. The Company stopped providing MLOC services in the United States on behalf of a third-party lender in October 2010 when the lender discontinued offering MLOC advances. |
Consumer_Loans_Credit_Quality_5
Consumer Loans, Credit Quality Information And Allowances And Liabilities For Estimated Losses On Consumer Loans (Changes In Allowance For Losses) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||
Allowance for losses for Company-owned consumer loans: | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of period | $79,863 | $70,571 | $85,703 | $63,072 | $63,072 | $38,953 | $27,350 | ||
Consumer loan loss provision | 99,910 | 83,657 | 252,442 | 218,704 | 315,858 | 225,464 | 182,500 | ||
Charge-offs | -105,038 | -89,733 | -294,231 | -238,845 | -342,478 | -232,721 | -197,611 | ||
Recoveries | 15,221 | 14,751 | 46,042 | 36,315 | 49,251 | 31,376 | 26,714 | ||
Balance at end of period | 89,956 | 79,246 | 89,956 | 79,246 | 85,703 | 63,072 | 38,953 | ||
Liability for third-party lender-owned consumer loans: | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of period | 3,047 | 2,795 | 3,498 | 3,062 | 3,062 | 2,838 | 2,944 | ||
(Decrease) increase in liability | -217 | 642 | -668 | 375 | 436 | 224 | -106 | ||
Balance at end of period | 2,830 | 3,437 | 2,830 | 3,437 | 3,498 | 3,062 | 2,838 | ||
Short Term Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ||
Allowance for losses for Company-owned consumer loans: | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of period | 42,068 | 45,409 | 45,982 | 46,406 | 46,406 | 32,942 | 25,194 | ||
Consumer loan loss provision | 42,032 | 50,846 | 130,624 | 146,156 | 202,008 | 180,791 | 161,155 | ||
Charge-offs | -58,862 | -63,281 | -172,504 | -178,095 | -241,641 | -196,643 | -178,774 | ||
Recoveries | 9,591 | 10,878 | 30,727 | 29,385 | 39,209 | 29,316 | 25,367 | ||
Balance at end of period | 34,829 | 43,852 | 34,829 | 43,852 | 45,982 | 46,406 | 32,942 | ||
Liability for third-party lender-owned consumer loans: | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of period | 2,439 | 2,417 | 2,934 | 2,617 | 2,617 | 2,610 | 2,944 | ||
(Decrease) increase in liability | -226 | 618 | -721 | 418 | 317 | 7 | -334 | ||
Balance at end of period | 2,213 | 3,035 | 2,213 | 3,035 | 2,934 | 2,617 | 2,610 | ||
Installment Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ||
Allowance for losses for Company-owned consumer loans: | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of period | 27,146 | 19,919 | 28,614 | 12,943 | 12,943 | 2,988 | 520 | ||
Consumer loan loss provision | 32,738 | 23,155 | 80,206 | 54,289 | 79,057 | 36,848 | 6,558 | ||
Charge-offs | -30,762 | -17,635 | -86,237 | -44,178 | -69,438 | -28,201 | -4,375 | ||
Recoveries | 4,071 | 1,792 | 10,610 | 4,177 | 6,052 | 1,308 | 285 | ||
Balance at end of period | 33,193 | 27,231 | 33,193 | 27,231 | 28,614 | 12,943 | 2,988 | ||
Liability for third-party lender-owned consumer loans: | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of period | 608 | 378 | 564 | 445 | 445 | 228 | 0 | ||
(Decrease) increase in liability | 9 | 24 | 53 | -43 | 119 | 217 | 228 | ||
Balance at end of period | 617 | 402 | 617 | 402 | 564 | 445 | 228 | ||
L O C [Member] | ' | ' | ' | ' | ' | ' | ' | ||
Allowance for losses for Company-owned consumer loans: | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of period | 10,649 | 5,243 | 11,107 | 3,723 | 3,723 | 3,023 | [1] | 1,636 | [1] |
Consumer loan loss provision | 25,140 | 9,656 | 41,612 | 18,259 | 34,793 | 7,825 | 14,787 | [1] | |
Charge-offs | -15,414 | -8,817 | -35,490 | -16,572 | -31,399 | -7,877 | -14,462 | [1] | |
Recoveries | 1,559 | 2,081 | 4,705 | 2,753 | 3,990 | 752 | 1,062 | [1] | |
Balance at end of period | 21,934 | 8,163 | 21,934 | 8,163 | 11,107 | 3,723 | 3,023 | [1] | |
Liability for third-party lender-owned consumer loans: | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of period | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [1] | |
(Decrease) increase in liability | 0 | 0 | 0 | 0 | 0 | 0 | 0 | [1] | |
Balance at end of period | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
[1] | Includes MLOC receivables. The Company stopped providing MLOC services in the United States on behalf of a third-party lender in October 2010 when the lender discontinued offering MLOC advances. |
Merchandise_Held_For_Dispositi2
Merchandise Held For Disposition (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | ||
In Thousands, unless otherwise specified | ||||||
Merchandise Held For Disposition [Line Items] | ' | ' | ' | ' | ||
Merchandise held for disposition, gross | $194,063 | $168,260 | $171,996 | $162,584 | ||
Allowance | -948 | -851 | -711 | -700 | ||
Merchandise held for disposition, net, total | 193,115 | 167,409 | 171,285 | 161,884 | ||
Domestic Retail Services Operations [Member] | ' | ' | ' | ' | ||
Merchandise Held For Disposition [Line Items] | ' | ' | ' | ' | ||
Merchandise held for disposition, gross | 187,718 | 162,495 | 160,775 | 151,974 | ||
Allowance | -840 | -840 | -700 | -700 | ||
Merchandise held for disposition, net, total | 186,878 | 161,655 | 160,075 | 151,274 | ||
Foreign Retail Services Operations [Member] | ' | ' | ' | ' | ||
Merchandise Held For Disposition [Line Items] | ' | ' | ' | ' | ||
Merchandise held for disposition, gross | 6,345 | 5,765 | [1] | 11,221 | 10,610 | [1] |
Allowance | -108 | -11 | [1] | -11 | 0 | [1] |
Merchandise held for disposition, net, total | $6,237 | $5,754 | [1] | $11,210 | $10,610 | [1] |
[1] | The allowance for 2012 is related to the Mexico Reorganization. See Note 3. |
Prepaid_Expenses_And_Other_Ass2
Prepaid Expenses And Other Assets (Summary Of Prepaid Expenses And Other Assets) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Prepaid Expenses And Other Assets [Abstract] | ' | ' | ' | ' |
Nonqualified savings plan assets | ' | $11,347 | ' | $8,264 |
Marketable equity securities | ' | 6,042 | ' | 4,412 |
CSO fees receivable | ' | 6,758 | ' | 5,822 |
Prepaid advertising | ' | 1,532 | ' | 1,628 |
Prepaid insurance | ' | 1,329 | ' | 1,045 |
Prepaid hardware and software maintenance | ' | 2,487 | ' | 2,273 |
Other prepaid expenses | ' | 3,878 | ' | 6,271 |
Other assets | ' | 2,232 | ' | 1,586 |
Total | $28,840 | $35,605 | $36,912 | $31,301 |
Property_And_Equipment_Details
Property And Equipment (Details) (USD $) | 12 Months Ended | ||||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2013 | Sep. 30, 2012 | |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Cost | $559,846,000 | $502,301,000 | ' | ' | ' |
Accumulated Depreciation | -298,075,000 | -255,872,000 | ' | ' | ' |
Net | 261,771,000 | 246,429,000 | ' | 257,787,000 | 258,214,000 |
Depreciation expenses | 65,900,000 | 47,900,000 | 39,100,000 | ' | ' |
Land [Member] | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Cost | 5,335,000 | 5,335,000 | ' | ' | ' |
Accumulated Depreciation | 0 | 0 | ' | ' | ' |
Net | 5,335,000 | 5,335,000 | ' | ' | ' |
Buildings And Leasehold Improvements [Member] | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Cost | 230,665,000 | 210,337,000 | ' | ' | ' |
Accumulated Depreciation | -124,690,000 | -111,946,000 | ' | ' | ' |
Net | 105,975,000 | 98,391,000 | ' | ' | ' |
Furniture Fixtures And Equipment [Member] | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Cost | 155,118,000 | 135,487,000 | ' | ' | ' |
Accumulated Depreciation | -100,139,000 | -88,422,000 | ' | ' | ' |
Net | 54,979,000 | 47,065,000 | ' | ' | ' |
Computer Software Intangible Asset [Member] | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Cost | 168,728,000 | 151,142,000 | ' | ' | ' |
Accumulated Depreciation | -73,246,000 | -55,504,000 | ' | ' | ' |
Net | $95,482,000 | $95,638,000 | ' | ' | ' |
Goodwill_And_Other_Intangible_2
Goodwill And Other Intangible Assets (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' | ' |
Amortization expense for acquired intangible assets | $9.50 | $6.30 | $4.80 |
Noncompete Agreements [Member] | Minimum [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' | ' |
Amortization period, in years | '2 years | ' | ' |
Noncompete Agreements [Member] | Maximum [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' | ' |
Amortization period, in years | '5 years | ' | ' |
Customer And Lead Provider Relationships [Member] | Minimum [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' | ' |
Amortization period, in years | '3 years | ' | ' |
Customer And Lead Provider Relationships [Member] | Maximum [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' | ' |
Amortization period, in years | '10 years | ' | ' |
Licensing Agreements [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' | ' |
Indefinite lived intangible assets | 9.7 | 9.7 | ' |
Trademarks [Member] | ' | ' | ' |
Indefinite-lived Intangible Assets by Major Class [Line Items] | ' | ' | ' |
Amortization period, in years | '3 years | ' | ' |
Indefinite lived intangible assets | $5.30 | $7.70 | ' |
Goodwill_And_Other_Intangible_3
Goodwill And Other Intangible Assets (Changes In The Carrying Value Of Goodwill) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill, Beginning Balance | $562,721 | $543,324 | $670,037 | $599,337 |
Acquisitions and purchase price adjustments | 41,298 | 26,679 | ' | ' |
Effect of foreign currency translation | 4,197 | -7,282 | ' | ' |
Goodwill, Ending Balance | 608,216 | 562,721 | 670,037 | 599,337 |
Retail Services [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill, Beginning Balance | 352,439 | 333,042 | 459,669 | 388,965 |
Acquisitions and purchase price adjustments | 41,209 | 26,679 | ' | ' |
Effect of foreign currency translation | 4,197 | -7,282 | ' | ' |
Goodwill, Ending Balance | 397,845 | 352,439 | 459,669 | 388,965 |
E Commerce [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill, Beginning Balance | 210,282 | 210,282 | 210,368 | 210,372 |
Acquisitions and purchase price adjustments | 89 | 0 | ' | ' |
Effect of foreign currency translation | 0 | 0 | ' | ' |
Goodwill, Ending Balance | $210,371 | $210,282 | $210,368 | $210,372 |
Goodwill_And_Other_Intangible_4
Goodwill And Other Intangible Assets (Acquired Intangible Assets Subject To Amortization) (Details) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | $49,494 | $48,758 |
Accumulated Amortization | -28,020 | -31,333 |
Net | 21,474 | 17,425 |
Noncompete Agreements [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 18,033 | 21,364 |
Accumulated Amortization | -12,968 | -13,537 |
Net | 5,065 | 7,827 |
Customer Relationships [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 30,515 | 26,607 |
Accumulated Amortization | -14,440 | -17,297 |
Net | 16,075 | 9,310 |
Trademarks [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 360 | 211 |
Accumulated Amortization | -259 | -199 |
Net | 101 | 12 |
Other Intangible Assets [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 586 | 576 |
Accumulated Amortization | -353 | -300 |
Net | $233 | $276 |
Goodwill_And_Other_Intangible_5
Goodwill And Other Intangible Assets (Estimated Future Amortization Expense) (Details) (USD $) | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |
Goodwill And Other Intangible Assets [Abstract] | ' |
2013 | $4,746 |
2014 | 3,511 |
2015 | 3,318 |
2016 | 2,976 |
2017 | $2,391 |
Accounts_Payable_And_Accrued_E2
Accounts Payable And Accrued Expenses (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 04, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | ||
In Thousands, unless otherwise specified | CN | ||||||
Accounts Payable And Accrued Expenses [Abstract] | ' | ' | ' | ' | ' | ||
Trade accounts payable | ' | $35,380 | ' | ' | $36,710 | ||
Accrued taxes, other than income taxes | ' | 5,847 | ' | ' | 5,568 | ||
Accrued payroll and fringe benefits | ' | 40,036 | ' | ' | 40,412 | ||
Accrued interest payable | ' | 3,030 | ' | ' | 1,957 | ||
Liability for losses on third-party lender-owned consumer loans | ' | 3,498 | ' | ' | 3,062 | ||
Accrual for consumer loan payments rejected for non-sufficient funds | ' | 10,134 | ' | ' | 10,224 | ||
Ohio Reimbursements | ' | 13,400 | [1] | ' | ' | 0 | [1] |
Other accrued liabilities | ' | 15,339 | ' | ' | 15,180 | ||
Total | $137,473 | $126,664 | ' | $109,986 | $113,113 | ||
Number Of Customers Reimbursed | ' | ' | 14,000 | ' | ' | ||
[1] | See Note 15 for further discussion of the Ohio Reimbursements (as defined in Note 15). |
Marketing_Expenses_Details
Marketing Expenses (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Marketing Expenses [Abstract] | ' | ' | ' |
Marketing expense | $72.20 | $41.20 | $30.10 |
Lead purchase expense | $49.70 | $43.20 | $40.50 |
LongTerm_Debt_Narrative_Detail
Long-Term Debt (Narrative) (Details) (USD $) | 9 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2012 | Nov. 29, 2011 | Mar. 30, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2013 | Sep. 30, 2012 | 19-May-09 | Dec. 31, 2012 | Sep. 30, 2013 | Mar. 30, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Nov. 29, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Aug. 28, 2012 | Dec. 31, 2012 | Aug. 28, 2012 | Dec. 31, 2012 | Aug. 28, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | |
Multi-Currency Line Of Credit [Member] | Domestic And Multi-Currency Line Of Credit Up To $100,000 Due 2013 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | Variable Rate Senior Unsecured Note Due 2015 [Member] | Variable Rate Senior Unsecured Note Due 2015 [Member] | Variable Rate Senior Unsecured Note Due 2015 [Member] | Variable Rate Senior Unsecured Note Due 2015 [Member] | Credit Agreement [Member] | Credit Agreement [Member] | Credit Agreement [Member] | 5.25% Convertible Senior Unsecured Notes Due 2029 [Member] | 5.25% Convertible Senior Unsecured Notes Due 2029 [Member] | 5.25% Convertible Senior Unsecured Notes Due 2029 [Member] | 5.25% Convertible Senior Unsecured Notes Due 2029 [Member] | 5.25% Convertible Senior Unsecured Notes Due 2029 [Member] | 5.25% Convertible Senior Unsecured Notes Due 2029 [Member] | Letter Of Credit Facility [Member] | Letter Of Credit Facility [Member] | Letter Of Credit Facility [Member] | Standby Letters Of Credit [Member] | Standby Letters Of Credit [Member] | Additional Credit Facility [Member] | Domestic And Multi Currency Line And The 2015 Variable Rate Notes [Member] | Series A and B Notes [Member] | Series A and B Notes [Member] | Series A Notes [Member] | Series A Notes [Member] | Series B Notes [Member] | Series B Notes [Member] | Domestic And Multi Currency Line Of Credit Up To $380 Due 2015 [Member] | Multi Currency Line Of Credit Fifty Million Due 2015[Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2018 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2018 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2018 [Member] | Domestic And Multi-Currency Line Of Credit Up To $100,000 Due 2018 [Member] | Variable Rate Senior Unsecured Note Due 2018 [Member] | Variable Rate Senior Unsecured Note Due 2018 [Member] | Variable Rate Senior Unsecured Note Due 2018 [Member] | 5.75% $300 Million Senior Unsecured Notes | LIBOR [Member] | Agent Base Rate [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | ||||||
PCN | NN | NN | NN | PCN | PCN | Variable Rate Senior Unsecured Note Due 2015 [Member] | Variable Rate Senior Unsecured Note Due 2015 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | Series A and B Notes [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2018 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2018 [Member] | LIBOR [Member] | Agent Base Rate [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2018 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2018 [Member] | LIBOR [Member] | Agent Base Rate [Member] | |||||||||||||||||||||||||||||||||||||||||
Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum borrowing capacity | ' | ' | ' | ' | ' | $50,000,000 | $100,000,000 | $280,000,000 | ' | ' | ' | ' | ' | ' | $380,000,000 | $430,000,000 | $330,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $100,000,000 | ' | ' | ' | ' | ' | ' | ' | $380,000,000 | $0 | $280,000,000 | ' | ' | $100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument maturity, year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2015 | ' | ' | ' | ' | ' | ' | '2029 | ' | ' | '2029 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000,000 | ' | ' | ' | ' | ' | ' | 1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52,000,000 | ' | 47,000,000 | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | 50,000,000 | ' | ' | 300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument basis spread on variable rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.50% | 2.00% | ' | ' | ' | ' | ' | 2.00% | 0.50% | ' | ' | ' | ' | 3.25% | 1.75% |
Weighted average interest rate | ' | ' | ' | ' | ' | ' | ' | 3.06% | 3.08% | ' | 3.75% | ' | 3.81% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.81% | 2.75% | 3.06% | ' | 3.69% | 3.75% | 3.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitment fee percentage | ' | ' | ' | ' | ' | ' | ' | 0.38% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.38% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' |
Debt Instrument, Periodic Payment, Principal | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,400,000 | ' | 7,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Pricing Tranches | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Letter of credit facility, amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000,000 | 20,000,000 | 16,300,000 | 17,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maturity date | ' | ' | ' | ' | ' | ' | 29-May-13 | ' | ' | ' | 31-Mar-15 | ' | ' | ' | ' | ' | ' | 15-May-29 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28-Aug-19 | ' | 28-Aug-22 | ' | ' | ' | ' | ' | ' | ' | 31-Mar-18 | ' | ' | 15-May-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument maturity days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 days | '3 days | ' | '1 day | '2 days | ' | ' | '31 days | '31 days | '31 days | '31 days | ' | ' |
Debt Instrument, Issuance Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Mar-11 | ' | ' | 19-May-09 | ' | ' | ' | ' | ' | 30-Mar-11 | ' | ' | ' | ' | ' | ' | 28-Aug-12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-May-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Date of First Required Payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Mar-12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28-Aug-15 | ' | 28-Aug-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt facility issuance costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000 | ' | ' | ' | ' | ' | ' | 8,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate principal amount of convertible senior notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 115,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.25% | ' | ' | 5.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.00% | ' | 6.58% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversion rate of notes (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39.2157 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversion price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $25.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repurchase price as percentage on principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long Term Debt | 682,849,000 | 589,463,000 | 578,330,000 | 537,291,000 | ' | ' | ' | ' | ' | ' | 41,667,000 | 43,750,000 | 50,000,000 | ' | ' | ' | ' | 110,197,000 | 107,058,000 | ' | 106,752,000 | 109,387,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unamortized discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,800,000 | 7,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,200,000 | 8,900,000 | 8,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of debt discount | 4,665,000 | 2,835,000 | 3,811,000 | 3,566,000 | 3,340,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,200,000 | 2,900,000 | 2,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contractual interest expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,000,000 | 6,000,000 | 6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effective interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.46% | 8.46% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible notes, if-converted value in excess of principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 59,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying amount of equity component recorded as additional paid-in capital | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,400,000 | 9,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Numbers Of Notes Series | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Frequency of Periodic Payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Quarterly | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Annually | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Quarterly | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' | 7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Decrease, Repayments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $202,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Issurance Cost Amortization Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note Redeem Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note Repurchase Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Debt_Schedule_Of_Long
Long-Term Debt (Schedule Of Long-Term Debt) (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2011 | |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | $578,330,000 | $682,849,000 | $589,463,000 | $537,291,000 |
Less current portion | 43,617,000 | 22,606,000 | 44,205,000 | 34,273,000 |
Total long-term debt | 534,713,000 | 660,243,000 | 545,258,000 | 503,018,000 |
Domestic And Multi-Currency Line Of Credit Up To $380,000 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | 301,011,000 | ' | ' | 280,839,000 |
Domestic And Multi-Currency Line Of Credit Up To $100,000 Due 2013 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Maximum borrowing capacity | 100,000,000 | ' | ' | ' |
Debt instrument, maturity date | 29-May-13 | ' | ' | ' |
Domestic And Multi-Currency Line Of Credit Up To $280,000 Due 2015 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Maximum borrowing capacity | 280,000,000 | ' | ' | ' |
6.00% Series A Senior Unsecured Notes Due 2019 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | 47,000,000 | 47,000,000 | 47,000,000 | 0 |
Debt instrument maturity, year | '2019 | '2019 | ' | ' |
Debt instrument, interest rate | 6.00% | 6.00% | ' | ' |
6.58% Series B Senior Unsecured Notes Due 2022 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | 5,000,000 | 5,000,000 | 5,000,000 | 0 |
Debt instrument maturity, year | '2022 | '2022 | ' | ' |
Debt instrument, interest rate | 6.58% | 6.58% | ' | ' |
6.12% Senior Unsecured Notes Due 2012 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | 0 | ' | 13,333,000 | 16,667,000 |
Debt instrument maturity, year | '2012 | '2012 | ' | ' |
Debt instrument, interest rate | 6.12% | 6.12% | ' | ' |
Variable Rate Senior Unsecured Note Due 2015 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | 41,667,000 | ' | 43,750,000 | 50,000,000 |
Debt instrument maturity, year | '2015 | ' | ' | ' |
Debt instrument, maturity date | 31-Mar-15 | ' | ' | ' |
6.09% Senior Unsecured Notes Due 2016 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | 28,000,000 | 28,000,000 | 35,000,000 | 35,000,000 |
Debt instrument maturity, year | '2016 | '2016 | ' | ' |
Debt instrument, interest rate | 6.09% | 6.09% | ' | ' |
7.26% Senior Unsecured Notes Due 2017 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | 25,000,000 | 20,000,000 | 25,000,000 | 25,000,000 |
Debt instrument maturity, year | '2017 | '2017 | ' | ' |
Debt instrument, interest rate | 7.26% | 7.26% | ' | ' |
6.21% Senior Unsecured Notes Due 2021 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | 20,455,000 | 20,455,000 | 22,727,000 | 22,727,000 |
Debt instrument maturity, year | '2021 | '2021 | ' | ' |
Debt instrument, interest rate | 6.21% | 6.21% | ' | ' |
5.25% Convertible Senior Unsecured Notes Due 2029 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | 110,197,000 | 106,752,000 | 109,387,000 | 107,058,000 |
Debt instrument maturity, year | '2029 | '2029 | ' | ' |
Debt instrument, maturity date | 15-May-29 | ' | ' | ' |
Debt instrument, interest rate | 5.25% | 5.25% | ' | ' |
5.75% senior unsecured notes due 2018 | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | ' | 300,000,000 | 0 | ' |
Debt instrument maturity, year | ' | '2018 | ' | ' |
Debt instrument, interest rate | ' | 5.75% | ' | ' |
Domestic And Multi Currency Line Of Credit Due Twenty Eighteen [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | ' | 120,225,000 | 288,266,000 | ' |
Variable Rate Senior Unsecured Note Due 2018 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Total debt | ' | $35,417,000 | ' | ' |
Debt instrument maturity, year | ' | '2018 | ' | ' |
LongTerm_Debt_Annual_Maturitie
Long-Term Debt (Annual Maturities Of Outstanding Long Term Debt) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Long-Term Debt [Abstract] | ' | ' | ' | ' |
2013 | ' | $43,617 | ' | ' |
2014 | ' | 22,606 | ' | ' |
2015 | ' | 328,674 | ' | ' |
2016 | ' | 24,387 | ' | ' |
2017 | ' | 17,387 | ' | ' |
Thereafter | ' | 141,659 | ' | ' |
Total debt | $682,849 | $578,330 | $589,463 | $537,291 |
Reclassification_of_OCI_Detail
Reclassification of OCI (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||
Comprehensive Income Net Of Tax [Line Items] | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of year | ($362) | ' | $3,128 | ($6,896) | ($6,896) | $4,797 | ' | ||
Other Comprehensive Income Before Reclassifications | 2,976 | ' | 113 | ' | ' | ' | ' | ||
Amounts Reclassified From Accumulated Other Comprehensive Income Net Of Tax | 0 | [1] | ' | -627 | [1] | ' | ' | ' | ' |
Net change in accumulated other comprehensive income | 2,976 | ' | -514 | ' | ' | ' | ' | ||
Balance at end of period | 2,614 | 4,366 | 2,614 | 4,366 | 3,128 | -6,896 | 4,797 | ||
Income Tax Expense (Benefit) | -28,013 | 25,116 | 12,727 | 67,487 | 84,656 | 82,360 | 69,269 | ||
Foreigh currency translation gain (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ||
Comprehensive Income Net Of Tax [Line Items] | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of year | -362 | ' | 2,874 | ' | ' | ' | ' | ||
Other Comprehensive Income Before Reclassifications | 2,976 | ' | -260 | ' | ' | ' | ' | ||
Amounts Reclassified From Accumulated Other Comprehensive Income Net Of Tax | 0 | [1] | ' | 0 | [1] | ' | ' | ' | ' |
Net change in accumulated other comprehensive income | 2,976 | ' | -260 | ' | ' | ' | ' | ||
Balance at end of period | 2,614 | ' | 2,614 | ' | ' | ' | ' | ||
Marketable securities, net of tax | ' | ' | ' | ' | ' | ' | ' | ||
Comprehensive Income Net Of Tax [Line Items] | ' | ' | ' | ' | ' | ' | ' | ||
Balance at beginning of year | 0 | ' | 254 | ' | ' | ' | ' | ||
Other Comprehensive Income Before Reclassifications | 0 | ' | 373 | ' | ' | ' | ' | ||
Amounts Reclassified From Accumulated Other Comprehensive Income Net Of Tax | 0 | [1] | ' | -627 | [1] | ' | ' | ' | ' |
Net change in accumulated other comprehensive income | 0 | ' | -254 | ' | ' | ' | ' | ||
Balance at end of period | 0 | ' | 0 | ' | ' | ' | ' | ||
Amounts Reclassified From Accumulated Other Comprehensive Income, before tax | ' | ' | 964 | ' | ' | ' | ' | ||
Income Tax Expense (Benefit) | ' | ' | $337 | ' | ' | ' | ' | ||
[1] | The gain on marketable securities reclassified out of AOCI for the nine months ended September 30, 2013 is composed of a $964 gain and income tax expense of $337. The gain and income tax expense are included in bOther revenueb and bProvision for income taxes,b respectively, in the consolidated statements of income. |
Earnings_Per_Share_Computation2
Earnings Per Share Computation (Reconciliation Of Numerators And Denominators For Basic And Diluted Earnings Per Share) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||||||||||||||
Earnings Per Share Computation [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||
Net income attributable to Cash America International, Inc. | $46,186 | $24,480 | [1] | $11,703 | [1] | $29,820 | [1] | $41,467 | [1] | $37,827 | $34,777 | $26,981 | $36,378 | $115,244 | $82,990 | $107,470 | $135,963 | $115,538 | ||||||||||
Total weighted average basic shares | 28,426 | [2] | ' | 29,536 | [2] | ' | ' | ' | ' | ' | ' | 28,747 | [2] | 29,599 | [2] | 29,514 | [3] | 29,602 | [3] | 29,640 | [3] | |||||||
Shares applicable to stock-based compensation | 102 | [4] | ' | 164 | [4] | ' | ' | ' | ' | ' | ' | 92 | [4] | 188 | [4] | 174 | [5] | 251 | [5] | 548 | [5] | |||||||
Convertible debt | 1,851 | [6] | ' | 1,675 | [6] | ' | ' | ' | ' | ' | ' | 2,018 | [6] | 1,856 | [6] | 1,764 | [7] | 2,138 | [7] | 1,333 | [7] | |||||||
Total weighted average diluted shares | 30,379 | [8] | 30,884 | 31,375 | [8] | 31,822 | 31,912 | 32,059 | 32,248 | 31,994 | 32,060 | 30,857 | [8] | 31,643 | [8] | 31,452 | [9] | 31,991 | [9] | 31,521 | [9] | |||||||
Net income - basic | $1.62 | ' | $0.40 | ' | ' | ' | ' | ' | ' | $4.01 | $2.80 | $3.64 | $4.59 | $3.90 | ||||||||||||||
Net income - diluted | $1.52 | $0.79 | [10] | $0.37 | [10] | $0.94 | [10] | $1.30 | [10] | $1.18 | [10] | $1.08 | [10] | $0.84 | [10] | $1.13 | [10] | $3.73 | $2.62 | $3.42 | $4.25 | $3.67 | ||||||
Vested restricted stock units, in shares | 301 | ' | 291 | ' | ' | ' | ' | ' | ' | 308 | 285 | 287 | 231 | 191 | ||||||||||||||
Non-qualified savings plan, in shares | 31 | ' | 31 | ' | ' | ' | ' | ' | ' | 31 | 31 | 31 | 32 | 33 | ||||||||||||||
Anti-dilutive shares | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 25 | 0 | ' | ' | ' | ||||||||||||||
[1] | Net income attributable to Cash America International, Inc. for the third and fourth quarter of 2012 did not follow the normal seasonal trend due to the expenses recognized in connection with the Mexico ReorganizationB and the Ohio Reimbursements.B See Notes 4 and 15. | |||||||||||||||||||||||||||
[2] | Includes vested and deferred restricted stock units of 301 and 291, as well as 31 and 31 shares held in the Company's nonqualified deferred compensation plan for the three months ended September 30, 2013 and 2012, respectively, and vested and deferred restricted stock units of 308 and 285, as well as 31 and 31 shares held in the Company's nonqualified deferred compensation plan for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||||||||||||||||
[3] | Includes vested restricted stock units of 287, 231 and 191, as well as shares in the Company's nonqualified deferred compensation plan of 31, 32 and 33 for the years ended December 31, 2012, 2011 and 2010, respectively. | |||||||||||||||||||||||||||
[4] | For the three and nine months ended September 30, 2013, includes shares related to unvested restricted stock unit awards. For the three and nine months ended September 30, 2012, includes shares related to outstanding option awards that were exercisable and shares related to unvested restricted stock unit awards. | |||||||||||||||||||||||||||
[5] | For the years ended December 31, 2012, 2011 and 2010, includes shares related to outstanding option awards that are exercisable and unvested or deferred restricted stock unit awards. Although there were no stock option awards outstanding as of December 31, 2012, the dilutive effect of stock-based compensation is based on weighted amount of outstanding awards during the year; therefore, a portion of the stock option awards outstanding during 2012 are included in this amount. For the year ended December 31, 2011, there is an immaterial amount of unvested or deferred restricted stock units that are excluded from shares applicable to stock-based compensation because its impact would be anti-dilutive. | |||||||||||||||||||||||||||
[6] | The shares issuable with respect to the Company's senior unsecured convertible notes due 2029 (the b2029 Convertible Notesb) have been calculated using the treasury stock method. The Company intends to settle the principal portion of the convertible debt in cash; therefore, only the shares related to the conversion spread have been included in weighted average diluted shares. | |||||||||||||||||||||||||||
[7] | The shares issuable with respect to the Company's 2009 Convertible Notes due 2029 have been calculated using the treasury stock method. The Company intends to settle the principal portion of the convertible debt in cash; therefore, only the shares related to the conversion spread have been included in weighted average diluted shares. | |||||||||||||||||||||||||||
[8] | There were 25 anti-dilutive shares for the nine months ended September 30, 2013 and no anti-dilutive shares for the three months ended September 30, 2013 and three and nine months ended September 30, 2012. | |||||||||||||||||||||||||||
[9] | Except as described in footnote (b), there are no anti-dilutive shares. | |||||||||||||||||||||||||||
[10] | The sum of the quarterly net income per share amounts may not total to each full year amount presented in the Company's financial statements because these computations are made independently for each quarter and for the full year and take into account the weighted average number of common shares outstanding for each period, including the effect of dilutive securities for that period. |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | |||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | |
Mexico Pawn Operation [Member] | Mexico E Commerce Segment [Member] | Creazione [Member] | Creazione [Member] | Creazione [Member] | |||||||||
Income Tax Examination [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal tax rate | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Net operating losses carryforward | ' | ' | ' | ' | ' | ' | ' | ' | $51,500,000 | ' | ' | ' | ' |
Carryforward period | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' |
Net operating losses expiration period year | ' | ' | ' | ' | '2018 | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized tax benefits, accrued interest and penalties | ' | ' | ' | ' | 1,700,000 | 1,300,000 | 1,300,000 | ' | ' | ' | ' | ' | ' |
Income Tax benefit | -28,013,000 | 25,116,000 | 12,727,000 | 67,487,000 | 84,656,000 | 82,360,000 | 69,269,000 | ' | ' | ' | ' | ' | ' |
Investment in Subsidiaries | ' | ' | ' | ' | 9,338,000 | 0 | ' | ' | ' | ' | ' | 23,900,000 | ' |
Valuation Allowance | ' | ' | ' | ' | 21,846,000 | 0 | ' | ' | ' | ' | ' | ' | 12,600,000 |
Deferred Tax Assets, NOL | ' | ' | ' | ' | ' | ' | ' | ' | 12,000,000 | 500,000 | ' | ' | ' |
Income Tax Benefit From Worthless Stock Deduction | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33,200,000 | ' | ' |
Unrecognized tax benefits | ' | ' | ' | ' | 1,021,000 | 955,000 | 1,082,000 | 1,021,000 | ' | ' | ' | ' | ' |
Reversal Of Valuation Allowance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,300,000 | ' | ' |
Reversal Of Accrued Interest And Penalties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,900,000 | ' | ' |
Reversal Of Unrecognized Tax Benefits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000,000 | ' | ' |
Effective tax rate | -154.10% | ' | 9.90% | ' | 45.40% | 37.90% | 37.50% | ' | ' | ' | ' | ' | ' |
Income_Taxes_Components_Of_Def
Income Taxes (Components Of Deferred Tax Assets And Liabilities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | ||
In Thousands, unless otherwise specified | ||||||
Income Taxes [Abstract] | ' | ' | ' | ' | ||
Deferred finish-out allowances from lessors | ' | $760 | ' | $717 | ||
Tax over book accrual of pawn loan fees and service charges | ' | 7,915 | ' | 7,578 | ||
Ohio Reimbursements | ' | 4,821 | [1] | ' | 0 | [1] |
Allowance for consumer loan losses | ' | 31,801 | ' | 23,498 | ||
Deferred compensation | ' | 11,252 | ' | 8,844 | ||
Net operating losses | ' | 15,468 | ' | 5,746 | ||
Deferred state credits | ' | 1,206 | ' | 1,306 | ||
Investment in Subsidiaries | ' | 9,338 | ' | 0 | ||
Other | ' | 5,273 | ' | 3,038 | ||
Total deferred tax assets | ' | 87,834 | ' | 50,727 | ||
Amortization of acquired intangibles | ' | 66,972 | ' | 56,372 | ||
Property and equipment | ' | 49,166 | ' | 45,598 | ||
Convertible debt | ' | 897 | ' | 2,180 | ||
Other | ' | 1,672 | ' | 1,224 | ||
Total deferred tax liabilities | ' | 118,707 | ' | 105,374 | ||
Deferred Tax Assets Liabilities Before Valuation Allowance | ' | -30,873 | ' | -54,647 | ||
Valuation Allowance | ' | -21,846 | ' | 0 | ||
Net deferred tax liabilities | ' | -52,719 | ' | -54,647 | ||
Deferred tax assets | 46,429 | 48,992 | 39,826 | 35,065 | ||
Non-current deferred tax liabilities, net | ($96,286) | ($101,711) | ($102,048) | ($89,712) | ||
[1] | See Note 15 for further discussion of the Ohio Reimbursements. |
Income_Taxes_Components_Of_Pro
Income Taxes (Components Of Provision For Income Taxes) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Income Taxes [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Domestic | ' | ' | ' | ' | $214,463 | $225,351 | $182,292 |
Foreign | ' | ' | ' | ' | -28,143 | -7,825 | 2,221 |
Income (loss) before Income Taxes | 18,173 | 33,046 | 128,279 | 145,160 | 186,320 | 217,526 | 184,513 |
Current provision Federal | ' | ' | ' | ' | 81,756 | 51,613 | 56,215 |
Current provision Foreign | ' | ' | ' | ' | 603 | 440 | 106 |
Current provision State and local | ' | ' | ' | ' | 5,818 | 4,744 | 4,106 |
Total current provision | ' | ' | ' | ' | 88,177 | 56,797 | 60,427 |
Deferred provision (benefit) Federal | ' | ' | ' | ' | -8,031 | 27,475 | 7,700 |
Deferred provision (benefit) Foreign | ' | ' | ' | ' | 4,811 | -2,998 | 1,053 |
Deferred provision (benefit) State and local | ' | ' | ' | ' | -301 | 1,086 | 89 |
Total deferred provision | ' | ' | -2,963 | 5,614 | -3,521 | 25,563 | 8,842 |
Total provision | ($28,013) | $25,116 | $12,727 | $67,487 | $84,656 | $82,360 | $69,269 |
Income_Taxes_Reconciliation_Of
Income Taxes (Reconciliation Of Effective Tax Rate) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Income Taxes [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Tax provision computed at the federal statutory income tax rate | ' | ' | ' | ' | $65,212 | $76,134 | $64,579 |
State and local income taxes, net of federal tax benefits | ' | ' | ' | ' | 3,587 | 3,790 | 2,727 |
Nondeductible lobbying | ' | ' | ' | ' | 865 | 882 | 1,039 |
Foreign tax rate difference | ' | ' | ' | ' | 2,027 | 587 | 442 |
Investment in Subsidiaries | ' | ' | ' | ' | -9,338 | 0 | 0 |
Change in deferred tax valuation allowance | ' | ' | ' | ' | 21,846 | 0 | 0 |
Other | ' | ' | ' | ' | 457 | 967 | 482 |
Total provision | ($28,013) | $25,116 | $12,727 | $67,487 | $84,656 | $82,360 | $69,269 |
Effective tax rate | -154.10% | ' | 9.90% | ' | 45.40% | 37.90% | 37.50% |
Income_Taxes_Aggregate_Change_
Income Taxes (Aggregate Change In Balance Of Unrecognized Tax Benefits) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Income Taxes [Abstract] | ' | ' | ' |
Balance at January 1, | $955 | $1,082 | $1,021 |
Effect of change in foreign currency rates | 66 | -127 | 61 |
Balance at December 31, | $1,021 | $955 | $1,082 |
Commitments_And_Contingencies_1
Commitments And Contingencies (Narrative) (Details) (USD $) | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||
In Millions, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2013 | Dec. 04, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CN | Ohio [Member] | Short Term Loans [Member] | Short Term Loans [Member] | Secured Auto Equity Loans [Member] | Secured Auto Equity Loans [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Guarantees [Member] | Guarantees [Member] | ||||||
E Commerce [Member] | E Commerce [Member] | ||||||||||||||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lease term (in years) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | '23 years | ' | ' | ' |
Rent expense | $55.40 | $52.20 | $46.60 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Guaranteed Loans Term | ' | ' | ' | ' | ' | ' | ' | '90 days | '90 days | '42 months | '42 months | ' | ' | ' | ' | ' | ' |
Active consumer loans owned by third-party lenders | 64.7 | 59.4 | ' | 50.1 | ' | 55.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated fair value of the liability related to guarantees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.5 | 3.1 |
Number Of Customers Reimbursed | ' | ' | ' | ' | 14,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ohio Reimbursements Expense | 13.4 | ' | ' | ' | ' | ' | 13.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Litigation Settlement Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $18 | ' | $36 | ' | ' |
Commitments_And_Contingencies_2
Commitments And Contingencies (Future Minimum Rentals Due Under Non-Cancelable Leases) (Details) (USD $) | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |
Commitments And Contingencies [Abstract] | ' |
2012 | $52,531 |
2013 | 43,774 |
2014 | 33,584 |
2015 | 26,332 |
2016 | 16,913 |
Thereafter | 34,288 |
Total | $207,422 |
Equity_Aggregate_Shares_Purcha
Equity (Aggregate Shares Purchased) (Details) (USD $) | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Jan. 24, 2013 |
Equity [Abstract] | ' | ' | ' | ' |
Board of Directors authorized to purchase shares | 2,500,000 | ' | ' | 2,500,000 |
Shares purchased under 2011 and 2007 authorization | 576,064 | 435,000 | 385,100 | ' |
Aggregate amount | $22,509 | $19,576 | $13,583 | ' |
Average price paid per share | $39.07 | $45 | $35.27 | ' |
Equity_Activities_Of_NonQualif
Equity (Activities Of Non-Qualified Savings Plan During Each Of Three Years) (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' | ' | ' | |
Purchases, Aggregate amount | $45,448 | $18,215 | $25,516 | $20,488 | $14,482 | |
Sales, Aggregate amount | ' | ' | ' | ' | 10,854 | |
Non Qualified Deferred Compensation Plans [Member] | ' | ' | ' | ' | ' | |
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' | ' | ' | |
Purchases, Number of shares | ' | ' | 108 | 93 | 1,552 | |
Purchases, Aggregate amount | ' | ' | 4 | 5 | 58 | |
Non Qualified Savings Plan [Member] | ' | ' | ' | ' | ' | |
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' | ' | ' | |
Sales, Number of shares | ' | ' | 1,211 | [1] | 9 | 1,727 |
Sales, Aggregate amount | ' | ' | 25 | 0 | 36 | |
Distributions And Transfers To Four Hundred Zero One K Savings Plan [Member] | ' | ' | ' | ' | ' | |
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' | ' | ' | |
Distributions and transfers to 401(k) savings plan, Number of shares | ' | ' | 0 | 0 | 4 | |
Distributions and transfers to 401(k) savings plan, Aggregate amount (in thousands) | ' | ' | $0 | $0 | $0 | |
[1] | Represents shares purchased by the Company from the rabbi trust that held the shares for the Nonqualified Savings Plan. |
Equity_Components_Of_Accumulat
Equity (Components Of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||||
Equity [Abstract] | ' | ' | ' | ' | ' | ' |
Unrealized derivatives loss, net of tax | ' | ' | ($1) | ' | ($13) | ($111) |
Foreign currency translation (loss) gain, net of tax | ' | ' | 2,875 | ' | -6,077 | 6,210 |
Marketable securities unrealized loss (gain), net of tax | ' | ' | 254 | ' | -806 | -1,302 |
Accumulated other comprehensive income (loss) | $2,614 | ($362) | $3,128 | $4,366 | ($6,896) | $4,797 |
Employee_Benefit_Plans_Narrati
Employee Benefit Plans (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Defined Contribution Plan [Line Items] | ' | ' | ' |
Percentage of contributions by participants | 75.00% | ' | ' |
Percentage of matching cash contributions | 50.00% | ' | ' |
Percentage of maximum contributions | 5.00% | ' | ' |
Company's vested contribution description on one year of service | 20.00% | ' | ' |
Company's vested contribution description after five years of service | 100.00% | ' | ' |
401(K) Savings Plan And Nonqualified Savings Plan [Member] | ' | ' | ' |
Defined Contribution Plan [Line Items] | ' | ' | ' |
Company's total contributions | $4.70 | $3.60 | $2.80 |
Supplemental Executive Retirement Plan [Member] | ' | ' | ' |
Defined Contribution Plan [Line Items] | ' | ' | ' |
Compensation expenses | $1 | $0.90 | $0.80 |
Employee_Benefit_Plans_Amounts
Employee Benefit Plans (Amounts Included In The Consolidated Balance Sheets Relating To The Nonqualified Savings Plan And The SERP) (Details) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||
Prepaid Expenses And Other Assets [Member] | ' | ' |
Defined Contribution Plan [Line Items] | ' | ' |
Defined contribution plan, assets | $11,347 | $8,264 |
Accounts Payable And Accrued Expenses [Member] | ' | ' |
Defined Contribution Plan [Line Items] | ' | ' |
Defined contribution plan, liabilities | 12,397 | 9,192 |
Other Liabilities [Member] | ' | ' |
Defined Contribution Plan [Line Items] | ' | ' |
Defined contribution plan, liabilities | 581 | 616 |
Treasury Stock [Member] | ' | ' |
Defined Contribution Plan [Line Items] | ' | ' |
Defined contribution plan, liabilities | $662 | $683 |
Derivative_Instruments_Narrati
Derivative Instruments (Narrative) (Details) (USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Mar. 27, 2009 |
Derivative Instruments [Abstract] | ' |
Interest rate cap agreement, notional amount | $15 |
Maturity period (in months) | '60 months |
Fixed rate | 3.25% |
Derivative_Instruments_Fair_Va
Derivative Instruments (Fair Values Of Derivative Instruments Jun) (Details) (Forward Currency Exchange Contracts [Member], Non-Designated Derivatives [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |||
In Thousands, unless otherwise specified | ||||||
Forward Currency Exchange Contracts [Member] | Non-Designated Derivatives [Member] | ' | ' | ' | |||
Derivative [Line Items] | ' | ' | ' | |||
Asset derivatives, Notional Amount | $97,290 | $93,813 | $93,642 | |||
Gross amounts of recognized assets | 0 | 0 | 0 | |||
Gross amounts offset in the balance sheet | -790 | [1] | -406 | [1] | -307 | [1] |
Net amounts of assets in the balance sheet | ($790) | [2] | ($406) | [2] | ($307) | [2] |
[1] | As of September 30, 2013, the Company had no gross amounts of recognized derivative instruments that the Company makes an accounting policy election not to offset. In addition, there is no financial collateral related to the Companybs derivatives. The Company has no liabilities that are subject to an enforceable master netting agreement or similar arrangement. | |||||
[2] | Represents the fair value of forward currency exchange contracts, which is recorded in bPrepaid expenses and other assetsb in the consolidated balance sheets. |
Derivative_Instruments_Fair_Va1
Derivative Instruments (Fair Values Of Derivative Instruments) (Details) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] |
Designated As Hedging Instrument [Member] | Designated As Hedging Instrument [Member] | Nondesignated [Member] | Nondesignated [Member] | Nondesignated [Member] | Nondesignated [Member] | Nondesignated [Member] | |
Prepaid Expenses And Other Assets [Member] | Prepaid Expenses And Other Assets [Member] | Prepaid Expenses And Other Assets [Member] | Prepaid Expenses And Other Assets [Member] | ||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Asset derivatives, Notional Amount | $0 | $15,000 | $97,290 | $93,813 | $93,642 | $93,813 | $80,375 |
Asset derivatives, Fair Value | $0 | $0 | $0 | $0 | $0 | ($406) | $260 |
Derivative_Instruments_Effect_
Derivative Instruments (Effect Of Derivative Instruments) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||
Designated As Hedging Instrument [Member] | ' | ' | ' | ' | ' | ' | ||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Gains (Losses) Recognized in Income | ' | ' | $0 | $0 | $0 | $0 | ||||||
Gains (Losses) Recognized in OCI | ' | ' | 0 | 12 | 12 | 98 | ||||||
Gains (Losses) Reclassified From OCI into Income | ' | ' | 0 | 0 | 0 | 0 | ||||||
Nondesignated [Member] | ' | ' | ' | ' | ' | ' | ||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Gains (Losses) Recognized in Income | -5,432 | -4,097 | -181 | -5,118 | -4,794 | 3,159 | ||||||
Gains (Losses) Recognized in OCI | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Gains (Losses) Reclassified From OCI into Income | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Interest Rate Contract [Member] | Designated As Hedging Instrument [Member] | ' | ' | ' | ' | ' | ' | ||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Gains (Losses) Recognized in Income | ' | ' | 0 | 0 | 0 | 0 | ||||||
Gains (Losses) Recognized in OCI | ' | ' | 0 | 12 | 12 | 98 | ||||||
Gains (Losses) Reclassified From OCI into Income | ' | ' | 0 | 0 | 0 | 0 | ||||||
Foreign Exchange Contract [Member] | Nondesignated [Member] | ' | ' | ' | ' | ' | ' | ||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Gains (Losses) Recognized in Income | -5,432 | [1] | -4,097 | [1] | -181 | [1] | -5,118 | [1] | -4,794 | [2] | 3,159 | [2] |
Gains (Losses) Recognized in OCI | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [2] | 0 | [2] |
Gains (Losses) Reclassified From OCI into Income | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [2] | $0 | [2] |
[1] | The gains/(losses) on these derivatives substantially offset the (losses)/gains on the hedged portion of foreign intercompany balances. | |||||||||||
[2] | The gains/(losses) shown on these derivatives substantially offset the gain or loss on the hedged portion of foreign intercompany balances. |
StockBased_Compensation_Narrat
Stock-Based Compensation (Narrative) (Details) (USD $) | 12 Months Ended | ||||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2013 | Sep. 30, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Authorized to issue of shares | 80,000,000 | 80,000,000 | ' | 80,000,000 | 80,000,000 |
Shares available for future grants | 1,743,494 | ' | ' | ' | ' |
Net proceeds from exercise of stock options | $1.80 | $0.40 | $2 | ' | ' |
First Amended And Restated Two Thousand And Four Long Term Incentive Plan [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Authorized to issue of shares | 2,700,000 | ' | ' | ' | ' |
Stock Options [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Exercised, shares | 198,900 | 48,400 | 204,245 | ' | ' |
Income tax benefits realized from the exercise of stock options | 2.2 | 0.7 | 1.9 | ' | ' |
Restricted Stock Units R S U [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Shares received for the payment of taxes upon issuance of restricted stock units | 63,066 | 22,339 | 23,330 | ' | ' |
Shares received for the payment of taxes upon issuance of restricted stock units, value | 2.6 | 0.9 | 0.9 | ' | ' |
Compensation expenses | 4.8 | 4.9 | 3.8 | ' | ' |
Compensation expenses net of tax | 3 | 3.1 | 2.4 | ' | ' |
Unrecognized compensation cost | 10.3 | ' | ' | ' | ' |
Unrecognized compensation cost, weighted average period (in years) | '2 years 4 months | ' | ' | ' | ' |
Outstanding aggregate intrinsic value | 30.6 | ' | ' | ' | ' |
Vested aggregate intrinsic value | $12.10 | ' | ' | ' | ' |
Restricted Stock Units R S U [Member] | Minimum [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Vesting period | '1 year | ' | ' | ' | ' |
Restricted Stock Units R S U [Member] | Maximum [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Vesting period | '15 years | ' | ' | ' | ' |
StockBased_Compensation_Summar
Stock-Based Compensation (Summary Of Stock Option Activity) (Details) (Stock Options [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Stock Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Outstanding at beginning of year, shares | 198,900 | 247,300 | 451,545 |
Exercised, shares | -198,900 | -48,400 | -204,245 |
Outstanding at end of year, shares | 0 | 198,900 | 247,300 |
Exercisable at end of year, shares | 0 | 198,900 | 247,300 |
Outstanding at beginning of year, Weighted Average Exercise Price | $8.95 | $8.83 | $9.29 |
Exercised, Weighted Average Exercise Price | $8.95 | $8.34 | $9.85 |
Outstanding at end of year, Weighted Average Exercise Price | $0 | $8.95 | $8.83 |
Exercisable at end of year, Weighted Average Exercise Price | $0 | $8.95 | $8.83 |
StockBased_Compensation_Restri
Stock-Based Compensation (Restricted Stock Unit Activity) (Details) (Restricted Stock Units R S U [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Restricted Stock Units R S U [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Units Outstanding at beginning of year | 710,591 | 596,648 | 546,876 |
Units granted | 178,144 | 200,819 | 162,552 |
Shares issued | -108,170 | -82,982 | -85,676 |
Units forfeited | -8,243 | -3,894 | -27,104 |
Units Outstanding at end of year | 772,322 | 710,591 | 596,648 |
Units vested at end of year | 303,781 | 244,897 | 222,529 |
Outstanding at beginning of year, Weighted Average Fair Value at Date of Grant | $29.53 | $25.78 | $22.77 |
Units granted, Weighted Average Fair Value at Date of Grant | $43.36 | $40.15 | $35.70 |
Shares Issued, Weighted Average Fair Value at Date of Grant | $29.74 | $28.10 | $25.26 |
Units forfeited, Weighted Average Fair Value at Date of Grant | $41.22 | $34.44 | $26.25 |
Outstanding at end of year, Weighted Average Fair Value at Date of Grant | $32.57 | $29.53 | $25.78 |
Units vested at end of year, Weighted Average Fair Value at Date of Grant | $24.85 | $24.03 | $23.20 |
Supplemental_Disclosures_Of_Ca2
Supplemental Disclosures Of Cash Flow Information (Details) (USD $) | 9 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Supplemental Disclosures Of Cash Flow Information [Abstract] | ' | ' | ' | ' | ' |
Interest | ' | ' | $22,520 | $23,974 | $17,648 |
Income taxes | ' | ' | 92,131 | 43,513 | 65,974 |
Pawn loans forfeited and transferred to merchandise held for disposition | 237,685 | 257,278 | 350,122 | 334,869 | 297,045 |
Pawn loans renewed | 197,781 | 206,412 | 279,553 | 207,661 | 134,539 |
Consumer loans renewed | 487,258 | 471,415 | 629,516 | 571,651 | 416,168 |
Liabilities assumed in acquisitions | ' | ' | 1,207 | 333 | 1,602 |
Fair value of shares paid for acquisition | ' | ' | 0 | 0 | 10,854 |
Capitalized interest on software development | ' | ' | 0 | 558 | 730 |
Shares Received For Payment Of Receivables | ' | ' | 383 | 0 | 0 |
Release Of Minority Shareholders From Contingent Liability | ' | ' | $2,758 | $0 | $0 |
Operating_Segment_Information_1
Operating Segment Information (Schedule Of Operating Income) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pawn loan fees and service charges | $79,298 | ' | $76,500 | ' | ' | ' | ' | ' | ' | $227,940 | $221,450 | $300,929 | $282,197 | $243,713 |
Proceeds from disposition of merchandise | 128,660 | ' | 153,493 | ' | ' | ' | ' | ' | ' | 438,909 | 517,832 | 703,767 | 688,884 | 588,190 |
Consumer loan fees | 227,563 | ' | 205,094 | ' | ' | ' | ' | ' | ' | 640,199 | 558,656 | 781,520 | 598,646 | 490,952 |
Other | 2,280 | ' | 4,607 | ' | ' | ' | ' | ' | ' | 9,832 | 10,888 | 14,214 | 13,337 | 14,195 |
Total revenue | 437,801 | 491,604 | 439,694 | 411,644 | 457,488 | 473,957 | 398,304 | 345,939 | 364,864 | 1,316,880 | 1,308,826 | 1,800,430 | 1,583,064 | 1,337,050 |
Disposed merchandise | 91,101 | ' | 106,918 | ' | ' | ' | ' | ' | ' | 301,397 | 350,878 | 478,179 | 447,617 | 382,467 |
Consumer loan loss provision | 99,693 | ' | 84,299 | ' | ' | ' | ' | ' | ' | 251,774 | 219,079 | 316,294 | 225,688 | 182,394 |
Total cost of revenue | 190,794 | 224,516 | 191,217 | 178,036 | 200,704 | 225,628 | 162,850 | 136,091 | 148,736 | 553,171 | 569,957 | 794,473 | 673,305 | 564,861 |
Net revenue | 247,007 | 267,088 | 248,477 | 233,608 | 256,784 | 248,329 | 235,454 | 209,848 | 216,128 | 763,709 | 738,869 | 1,005,957 | 909,759 | 772,189 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operation and administration | 199,705 | ' | 181,215 | ' | ' | ' | ' | ' | ' | 554,042 | 515,560 | 714,614 | 611,268 | 521,134 |
Depreciation and amortization | 18,783 | ' | 27,074 | ' | ' | ' | ' | ' | ' | 54,314 | 56,882 | 75,428 | 54,149 | 43,923 |
Total Expenses | 218,488 | ' | 208,289 | ' | ' | ' | ' | ' | ' | 608,356 | 572,442 | 790,042 | 665,417 | 565,057 |
Income (loss) from operations | 28,519 | ' | 40,188 | ' | ' | ' | ' | ' | ' | 155,353 | 166,427 | 215,915 | 244,342 | 207,132 |
Interest expense | -9,260 | ' | -7,196 | ' | ' | ' | ' | ' | ' | -25,608 | -21,065 | -29,131 | -25,528 | -22,345 |
Equity in income (loss) of unconsolidated subsidiary | 0 | ' | -61 | ' | ' | ' | ' | ' | ' | -136 | -209 | -295 | -104 | -136 |
Provision (benefit) for income taxes | -28,013 | ' | 25,116 | ' | ' | ' | ' | ' | ' | 12,727 | 67,487 | 84,656 | 82,360 | 69,269 |
Expenditures for property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 43,006 | 58,566 | 79,399 | 75,049 | 59,697 |
Assets | 1,991,329 | 1,818,258 | 1,792,407 | ' | ' | 1,674,249 | ' | ' | ' | 1,991,329 | 1,792,407 | 1,818,258 | 1,674,249 | 1,427,186 |
Goodwill | 670,037 | 608,216 | 599,337 | ' | ' | 562,721 | ' | ' | ' | 670,037 | 599,337 | 608,216 | 562,721 | 543,324 |
E-Commerce [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pawn loan fees and service charges | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Proceeds from disposition of merchandise | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 30 | 0 |
Consumer loan fees | 198,059 | ' | 173,649 | ' | ' | ' | ' | ' | ' | 555,726 | 469,260 | 659,628 | 479,454 | 376,979 |
Other | 318 | ' | 388 | ' | ' | ' | ' | ' | ' | 1,143 | 846 | 1,359 | 879 | 1,338 |
Total revenue | 198,377 | ' | 174,037 | ' | ' | ' | ' | ' | ' | 556,869 | 470,106 | 660,987 | 480,363 | 378,317 |
Disposed merchandise | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 23 | 0 |
Consumer loan loss provision | 89,656 | ' | 76,238 | ' | ' | ' | ' | ' | ' | 227,847 | 199,949 | 287,069 | 201,687 | 164,957 |
Total cost of revenue | 89,656 | ' | 76,238 | ' | ' | ' | ' | ' | ' | 227,847 | 199,949 | 287,069 | 201,710 | 164,957 |
Net revenue | 108,721 | ' | 97,799 | ' | ' | ' | ' | ' | ' | 329,022 | 270,157 | 373,918 | 278,653 | 213,360 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operation and administration | 70,417 | ' | 64,448 | ' | ' | ' | ' | ' | ' | 201,106 | 168,538 | 234,358 | 173,121 | 136,170 |
Depreciation and amortization | 3,958 | ' | 3,379 | ' | ' | ' | ' | ' | ' | 12,986 | 9,281 | 13,272 | 11,263 | 8,559 |
Total Expenses | 74,375 | ' | 67,827 | ' | ' | ' | ' | ' | ' | 214,092 | 177,819 | 247,630 | 184,384 | 144,729 |
Income (loss) from operations | 34,346 | ' | 29,972 | ' | ' | ' | ' | ' | ' | 114,930 | 92,338 | 126,288 | 94,269 | 68,631 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38,503 | 28,085 | 18,422 |
Expenditures for property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,872 | 15,073 | 12,687 |
Assets | 637,255 | 570,622 | 557,124 | ' | ' | 488,018 | ' | ' | ' | 637,255 | 557,124 | 570,622 | 488,018 | 374,446 |
Goodwill | 210,368 | 210,371 | 210,372 | ' | ' | 210,282 | ' | ' | ' | 210,368 | 210,372 | 210,371 | 210,282 | 210,282 |
E-Commerce [Member] | Domestic Country [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pawn loan fees and service charges | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Proceeds from disposition of merchandise | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 30 | 0 |
Consumer loan fees | 104,954 | ' | 89,342 | ' | ' | ' | ' | ' | ' | 283,097 | 232,268 | 332,752 | 254,152 | 275,036 |
Other | 249 | ' | 374 | ' | ' | ' | ' | ' | ' | 1,051 | 827 | 1,326 | 593 | 1,259 |
Total revenue | 105,203 | ' | 89,716 | ' | ' | ' | ' | ' | ' | 284,148 | 233,095 | 334,078 | 254,775 | 276,295 |
Disposed merchandise | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 23 | 0 |
Consumer loan loss provision | 49,225 | ' | 42,877 | ' | ' | ' | ' | ' | ' | 112,391 | 95,474 | 143,006 | 90,535 | 116,246 |
Total cost of revenue | 49,225 | ' | 42,877 | ' | ' | ' | ' | ' | ' | 112,391 | 95,474 | 143,006 | 90,558 | 116,246 |
Net revenue | 55,978 | ' | 46,839 | ' | ' | ' | ' | ' | ' | 171,757 | 137,621 | 191,072 | 164,217 | 160,049 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operation and administration | 38,662 | ' | 33,397 | ' | ' | ' | ' | ' | ' | 99,906 | 82,986 | 116,202 | 88,577 | 93,928 |
Depreciation and amortization | 3,252 | ' | 3,037 | ' | ' | ' | ' | ' | ' | 10,885 | 8,376 | 11,987 | 10,413 | 8,283 |
Total Expenses | 41,914 | ' | 36,434 | ' | ' | ' | ' | ' | ' | 110,791 | 91,362 | 128,189 | 98,990 | 102,211 |
Income (loss) from operations | 14,064 | ' | 10,405 | ' | ' | ' | ' | ' | ' | 60,966 | 46,259 | 62,883 | 65,227 | 57,838 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,556 | 18,611 | 15,148 |
Expenditures for property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,498 | 13,866 | 9,710 |
Assets | 420,914 | 391,068 | 382,459 | ' | ' | 352,244 | ' | ' | ' | 420,914 | 382,459 | 391,068 | 352,244 | 312,642 |
E-Commerce [Member] | Foreign Country [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pawn loan fees and service charges | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Proceeds from disposition of merchandise | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Consumer loan fees | 93,105 | ' | 84,307 | ' | ' | ' | ' | ' | ' | 272,629 | 236,992 | 326,876 | 225,302 | 101,943 |
Other | 69 | ' | 14 | ' | ' | ' | ' | ' | ' | 92 | 19 | 33 | 286 | 79 |
Total revenue | 93,174 | ' | 84,321 | ' | ' | ' | ' | ' | ' | 272,721 | 237,011 | 326,909 | 225,588 | 102,022 |
Disposed merchandise | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Consumer loan loss provision | 40,431 | ' | 33,361 | ' | ' | ' | ' | ' | ' | 115,456 | 104,475 | 144,063 | 111,152 | 48,711 |
Total cost of revenue | 40,431 | ' | 33,361 | ' | ' | ' | ' | ' | ' | 115,456 | 104,475 | 144,063 | 111,152 | 48,711 |
Net revenue | 52,743 | ' | 50,960 | ' | ' | ' | ' | ' | ' | 157,265 | 132,536 | 182,846 | 114,436 | 53,311 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operation and administration | 31,755 | ' | 31,051 | ' | ' | ' | ' | ' | ' | 101,200 | 85,552 | 118,156 | 84,544 | 42,242 |
Depreciation and amortization | 706 | ' | 342 | ' | ' | ' | ' | ' | ' | 2,101 | 905 | 1,285 | 850 | 276 |
Total Expenses | 32,461 | ' | 31,393 | ' | ' | ' | ' | ' | ' | 103,301 | 86,457 | 119,441 | 85,394 | 42,518 |
Income (loss) from operations | 20,282 | ' | 19,567 | ' | ' | ' | ' | ' | ' | 53,964 | 46,079 | 63,405 | 29,042 | 10,793 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21,947 | 9,474 | 3,274 |
Expenditures for property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,374 | 1,207 | 2,977 |
Assets | 216,341 | 179,554 | 174,665 | ' | ' | 135,774 | ' | ' | ' | 216,341 | 174,665 | 179,554 | 135,774 | 61,804 |
Retail Services [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pawn loan fees and service charges | 79,298 | ' | 76,500 | ' | ' | ' | ' | ' | ' | 227,940 | 221,450 | 300,929 | 282,197 | 243,713 |
Proceeds from disposition of merchandise | 128,660 | ' | 153,493 | ' | ' | ' | ' | ' | ' | 438,909 | 517,832 | 703,767 | 688,854 | 588,190 |
Consumer loan fees | 29,504 | ' | 31,445 | ' | ' | ' | ' | ' | ' | 84,473 | 89,396 | 121,892 | 119,192 | 113,973 |
Other | 1,797 | ' | 2,190 | ' | ' | ' | ' | ' | ' | 7,137 | 7,597 | 10,237 | 11,715 | 11,178 |
Total revenue | 239,259 | ' | 263,628 | ' | ' | ' | ' | ' | ' | 758,459 | 836,275 | 1,136,825 | 1,101,958 | 957,054 |
Disposed merchandise | 91,101 | ' | 106,918 | ' | ' | ' | ' | ' | ' | 301,397 | 350,878 | 478,179 | 447,594 | 382,467 |
Consumer loan loss provision | 10,037 | ' | 8,061 | ' | ' | ' | ' | ' | ' | 23,927 | 19,130 | 29,225 | 24,001 | 17,437 |
Total cost of revenue | 101,138 | ' | 114,979 | ' | ' | ' | ' | ' | ' | 325,324 | 370,008 | 507,404 | 471,595 | 399,904 |
Net revenue | 138,121 | ' | 148,649 | ' | ' | ' | ' | ' | ' | 433,135 | 466,267 | 629,421 | 630,363 | 557,150 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operation and administration | 114,051 | ' | 99,079 | ' | ' | ' | ' | ' | ' | 301,412 | 294,558 | 413,461 | 372,851 | 329,762 |
Depreciation and amortization | 10,642 | ' | 20,072 | ' | ' | ' | ' | ' | ' | 29,172 | 36,967 | 47,612 | 32,036 | 27,296 |
Total Expenses | 124,693 | ' | 119,151 | ' | ' | ' | ' | ' | ' | 330,584 | 331,525 | 461,073 | 404,887 | 357,058 |
Income (loss) from operations | 13,428 | ' | 29,498 | ' | ' | ' | ' | ' | ' | 102,551 | 134,742 | 168,348 | 225,476 | 200,092 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 79,657 | 82,753 | 72,410 |
Expenditures for property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46,801 | 47,383 | 31,202 |
Assets | 1,222,283 | 1,117,038 | 1,105,208 | ' | ' | 1,059,271 | ' | ' | ' | 1,222,283 | 1,105,208 | 1,117,038 | 1,059,271 | 931,489 |
Goodwill | 459,669 | 397,845 | 388,965 | ' | ' | 352,439 | ' | ' | ' | 459,669 | 388,965 | 397,845 | 352,439 | 333,042 |
Retail Services [Member] | Domestic Country [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pawn loan fees and service charges | 77,532 | ' | 73,209 | ' | ' | ' | ' | ' | ' | 222,508 | 210,807 | 288,161 | 261,829 | 221,335 |
Proceeds from disposition of merchandise | 124,352 | ' | 141,088 | ' | ' | ' | ' | ' | ' | 425,716 | 481,558 | 657,104 | 636,698 | 534,878 |
Consumer loan fees | 29,504 | ' | 31,445 | ' | ' | ' | ' | ' | ' | 84,473 | 89,396 | 121,892 | 119,192 | 113,973 |
Other | 1,731 | ' | 1,938 | ' | ' | ' | ' | ' | ' | 6,149 | 7,085 | 9,028 | 11,170 | 10,875 |
Total revenue | 233,119 | ' | 247,680 | ' | ' | ' | ' | ' | ' | 738,846 | 788,846 | 1,076,185 | 1,028,889 | 881,061 |
Disposed merchandise | 87,530 | ' | 96,315 | ' | ' | ' | ' | ' | ' | 290,569 | 318,788 | 437,099 | 405,132 | 338,756 |
Consumer loan loss provision | 10,037 | ' | 8,061 | ' | ' | ' | ' | ' | ' | 23,927 | 19,130 | 29,225 | 24,001 | 17,437 |
Total cost of revenue | 97,567 | ' | 104,376 | ' | ' | ' | ' | ' | ' | 314,496 | 337,918 | 466,324 | 429,133 | 356,193 |
Net revenue | 135,552 | ' | 143,304 | ' | ' | ' | ' | ' | ' | 424,350 | 450,928 | 609,861 | 599,756 | 524,868 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operation and administration | 111,220 | ' | 84,874 | ' | ' | ' | ' | ' | ' | 291,409 | 264,337 | 369,174 | 339,247 | 304,467 |
Depreciation and amortization | 9,878 | ' | 7,808 | ' | ' | ' | ' | ' | ' | 27,579 | 22,454 | 30,978 | 26,165 | 21,771 |
Total Expenses | 121,098 | ' | 92,682 | ' | ' | ' | ' | ' | ' | 318,988 | 286,791 | 400,152 | 365,412 | 326,238 |
Income (loss) from operations | 14,454 | ' | 50,622 | ' | ' | ' | ' | ' | ' | 105,362 | 164,137 | 209,709 | 234,344 | 198,630 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 77,474 | 87,940 | 73,257 |
Expenditures for property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 43,028 | 39,038 | 24,943 |
Assets | 1,102,152 | 1,031,431 | 993,598 | ' | ' | 941,801 | ' | ' | ' | 1,102,152 | 993,598 | 1,031,431 | 941,801 | 808,445 |
Retail Services [Member] | Foreign Country [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pawn loan fees and service charges | 1,766 | ' | 3,291 | ' | ' | ' | ' | ' | ' | 5,432 | 10,643 | 12,768 | 20,368 | 22,378 |
Proceeds from disposition of merchandise | 4,308 | ' | 12,405 | ' | ' | ' | ' | ' | ' | 13,193 | 36,274 | 46,663 | 52,156 | 53,312 |
Consumer loan fees | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Other | 66 | ' | 252 | ' | ' | ' | ' | ' | ' | 988 | 512 | 1,209 | 545 | 303 |
Total revenue | 6,140 | ' | 15,948 | ' | ' | ' | ' | ' | ' | 19,613 | 47,429 | 60,640 | 73,069 | 75,993 |
Disposed merchandise | 3,571 | ' | 10,603 | ' | ' | ' | ' | ' | ' | 10,828 | 32,090 | 41,080 | 42,462 | 43,711 |
Consumer loan loss provision | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Total cost of revenue | 3,571 | ' | 10,603 | ' | ' | ' | ' | ' | ' | 10,828 | 32,090 | 41,080 | 42,462 | 43,711 |
Net revenue | 2,569 | ' | 5,345 | ' | ' | ' | ' | ' | ' | 8,785 | 15,339 | 19,560 | 30,607 | 32,282 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operation and administration | 2,831 | ' | 14,205 | ' | ' | ' | ' | ' | ' | 10,003 | 30,221 | 44,287 | 33,604 | 25,295 |
Depreciation and amortization | 764 | ' | 12,264 | ' | ' | ' | ' | ' | ' | 1,593 | 14,513 | 16,634 | 5,871 | 5,525 |
Total Expenses | 3,595 | ' | 26,469 | ' | ' | ' | ' | ' | ' | 11,596 | 44,734 | 60,921 | 39,475 | 30,820 |
Income (loss) from operations | -1,026 | ' | -21,124 | ' | ' | ' | ' | ' | ' | -2,811 | -29,395 | -41,361 | -8,868 | 1,462 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,183 | -5,187 | -847 |
Expenditures for property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,773 | 8,345 | 6,259 |
Assets | 120,131 | 85,607 | 111,610 | ' | ' | 117,470 | ' | ' | ' | 120,131 | 111,610 | 85,607 | 117,470 | 123,044 |
Corporate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pawn loan fees and service charges | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Proceeds from disposition of merchandise | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Consumer loan fees | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Other | 165 | ' | 2,029 | ' | ' | ' | ' | ' | ' | 1,552 | 2,445 | 2,618 | 743 | 1,679 |
Total revenue | 165 | ' | 2,029 | ' | ' | ' | ' | ' | ' | 1,552 | 2,445 | 2,618 | 743 | 1,679 |
Disposed merchandise | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Consumer loan loss provision | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Total cost of revenue | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 |
Net revenue | 165 | ' | 2,029 | ' | ' | ' | ' | ' | ' | 1,552 | 2,445 | 2,618 | 743 | 1,679 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operation and administration | 15,237 | ' | 17,688 | ' | ' | ' | ' | ' | ' | 51,524 | 52,464 | 66,795 | 65,296 | 55,202 |
Depreciation and amortization | 4,183 | ' | 3,623 | ' | ' | ' | ' | ' | ' | 12,156 | 10,634 | 14,544 | 10,850 | 8,068 |
Total Expenses | 19,420 | ' | 21,311 | ' | ' | ' | ' | ' | ' | 63,680 | 63,098 | 81,339 | 76,146 | 63,270 |
Income (loss) from operations | -19,255 | ' | -19,282 | ' | ' | ' | ' | ' | ' | -62,128 | -60,653 | -78,721 | -75,403 | -61,591 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -29,131 | -25,528 | -22,345 |
Equity in income (loss) of unconsolidated subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -295 | -104 | -136 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -33,504 | -28,478 | -21,563 |
Expenditures for property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,726 | 12,593 | 15,808 |
Assets | $131,791 | $130,598 | $130,075 | ' | ' | $126,960 | ' | ' | ' | $131,791 | $130,075 | $130,598 | $126,960 | $121,251 |
Operating_Segment_Information_2
Operating Segment Information (Schedule Of Revenues By Geographic Region) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $437,801 | $491,604 | $439,694 | $411,644 | $457,488 | $473,957 | $398,304 | $345,939 | $364,864 | $1,316,880 | $1,308,826 | $1,800,430 | $1,583,064 | $1,337,050 |
United States [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,412,881 | 1,284,407 | 1,159,035 |
Mexico [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60,678 | 73,069 | 75,993 |
United Kingdom [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 308,464 | 211,915 | 96,222 |
Other Foreign Countries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $18,407 | $13,673 | $5,800 |
Operating_Segment_Information_3
Operating Segment Information (Schedule Of Long-Lived Assets By Geographic Region) (Details) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Long-lived Assets | $261,771 | $246,429 |
United States [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Long-lived Assets | 254,809 | 233,052 |
Mexico [Member] | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Long-lived Assets | $6,962 | $13,377 |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative)(Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
Fair Value Measurements [Abstract] | ' | ' | ' | ' |
Impairment of property and equipment | $1.50 | $6 | ' | $7.50 |
Impairment of indefinit lived intangible assets | ' | ' | ' | 2.5 |
Impairment of Other Intangible | ' | ' | ' | $2.60 |
Term Of Loan | ' | ' | '90 days | '90 days |
Cash And Cash Equivalent Maturity Period | ' | ' | '90 days | '90 days |
Fair_Value_Measurements_Fair_V
Fair Value Measurements (Fair Value Assets (Liabilities) Measured On Recurring Basis) (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||||||
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Unrealized total losses recorded in accumulated other comprehensive income | $0 | $500,000 | $300,000 | ($800,000) | ||||
Fair Value Measurements Recurring [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Interest rate contracts | ' | ' | 0 | 0 | ||||
Forward currency exchange contracts, Asset | ' | ' | ' | 260,000 | ||||
Forward currency exchange contracts, Liability | -790,000 | -307,000 | -406,000 | ' | ||||
Nonqualified savings plan assets | 13,455,000 | [1] | 10,990,000 | [1] | 11,347,000 | [2] | 8,264,000 | [2] |
Marketable securities | 0 | [3] | 6,426,000 | [3] | 6,042,000 | [4] | 4,412,000 | [4] |
Total | 12,665,000 | 17,109,000 | 16,983,000 | 12,936,000 | ||||
Level 1 [Member] | Fair Value Measurements Recurring [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Interest rate contracts | ' | ' | 0 | 0 | ||||
Forward currency exchange contracts, Asset | ' | ' | 0 | 0 | ||||
Forward currency exchange contracts, Liability | 0 | 0 | ' | ' | ||||
Nonqualified savings plan assets | 13,455,000 | [1] | 10,990,000 | [1] | 11,347,000 | [2] | 8,264,000 | [2] |
Marketable securities | 0 | [3] | 6,426,000 | [3] | 6,042,000 | [4] | 4,412,000 | [4] |
Total | 13,455,000 | 17,416,000 | 17,389,000 | 12,676,000 | ||||
Level 2 [Member] | Fair Value Measurements Recurring [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Interest rate contracts | ' | ' | 0 | 0 | ||||
Forward currency exchange contracts, Asset | ' | ' | ' | 260,000 | ||||
Forward currency exchange contracts, Liability | -790,000 | -307,000 | -406,000 | ' | ||||
Nonqualified savings plan assets | 0 | [1] | 0 | [1] | 0 | [2] | 0 | [2] |
Marketable securities | 0 | [3] | 0 | [3] | 0 | [4] | 0 | [4] |
Total | -790,000 | -307,000 | -406,000 | 260,000 | ||||
Level 3 [Member] | Fair Value Measurements Recurring [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Interest rate contracts | ' | ' | 0 | 0 | ||||
Forward currency exchange contracts, Asset | ' | ' | 0 | 0 | ||||
Forward currency exchange contracts, Liability | 0 | 0 | ' | ' | ||||
Nonqualified savings plan assets | 0 | [1] | 0 | [1] | 0 | [2] | 0 | [2] |
Marketable securities | 0 | [3] | 0 | [3] | 0 | [4] | 0 | [4] |
Total | $0 | $0 | $0 | $0 | ||||
[1] | The nonqualified savings plan assets have an offsetting liability of equal amount, which is included in bAccounts payable and accrued expensesb in the Company's consolidated balance sheets. | |||||||
[2] | The nonqualified savings plan assets have an offsetting liability of equal amount, which is included in "Accounts payable and accrued expenses" in the Company's consolidated balance sheets. | |||||||
[3] | Cumulative unrealized total gains, net of tax, on these equity securities of $0.5 million and $0.3 million as of September 30, 2012 and December 31, 2012, respectively, are recorded in bAccumulated other comprehensive income (loss)b in the Company's consolidated statements of equity. These marketable securities were sold during the second quarter of 2013. See Note 7 for further discussion. | |||||||
[4] | Cumulative unrealized total gains/(losses), net of tax, on these equity securities of $0.3 million and ($0.8) million as of December 31, 2012 and 2011, respectively, are recorded in "Accumulated other comprehensive income (loss)" in the Company's consolidated statements of equity. |
Fair_Value_Measurements_Financ
Fair Value Measurements (Financial Assets and Liabilities Not Measured At Fair Value) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Carrying Value [Member] | ' | ' | ' | ' |
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | $84,096 | $63,134 | $78,663 | $62,542 |
Pawn loans | 253,678 | 244,640 | 254,077 | 253,519 |
Consumer loans, net | 328,281 | 289,418 | 256,825 | 222,778 |
Pawn Loan Fees Service Charges | 50,090 | 48,991 | 48,771 | 48,003 |
Total | 716,145 | 646,183 | 638,336 | 586,842 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ' | ' |
Bank lines of credit | 120,225 | 301,011 | 288,266 | 280,839 |
Senior unsecured notes | 455,872 | 167,122 | 191,810 | 149,394 |
2009 Convertible Notes | 106,752 | 110,197 | 109,387 | 107,058 |
Total | 682,849 | 578,330 | 589,463 | 537,291 |
Estimated Fair Value [Member] | ' | ' | ' | ' |
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 84,096 | 63,134 | 78,663 | 62,542 |
Pawn loans | 253,678 | 244,640 | 254,077 | 253,519 |
Consumer loans, net | 328,281 | 289,418 | 256,825 | 222,778 |
Pawn Loan Fees Service Charges | 50,090 | 48,991 | 48,771 | 48,003 |
Total | 716,145 | 646,183 | 638,336 | 586,842 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ' | ' |
Bank lines of credit | 126,260 | 309,969 | 295,747 | 291,983 |
Senior unsecured notes | 445,888 | 165,961 | 190,574 | 147,721 |
2009 Convertible Notes | 195,612 | 186,300 | 184,431 | 220,642 |
Total | 767,760 | 662,230 | 670,752 | 660,346 |
Estimated Fair Value [Member] | Level 1 [Member] | ' | ' | ' | ' |
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 84,096 | 63,134 | 78,663 | 62,542 |
Pawn loans | 0 | 0 | 0 | 0 |
Consumer loans, net | 0 | 0 | 0 | 0 |
Pawn Loan Fees Service Charges | 0 | 0 | 0 | 0 |
Total | 84,096 | 63,134 | 78,663 | 62,542 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ' | ' |
Bank lines of credit | 0 | 0 | 0 | 0 |
Senior unsecured notes | 0 | 0 | 0 | 0 |
2009 Convertible Notes | 0 | 0 | 0 | 0 |
Total | 0 | 0 | 0 | 0 |
Estimated Fair Value [Member] | Level 2 [Member] | ' | ' | ' | ' |
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Pawn loans | 0 | 0 | 0 | 0 |
Consumer loans, net | 0 | 0 | 0 | 0 |
Pawn Loan Fees Service Charges | 0 | 0 | 0 | 0 |
Total | 0 | 0 | 0 | 0 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ' | ' |
Bank lines of credit | 126,260 | 309,969 | 295,747 | 291,983 |
Senior unsecured notes | 445,888 | 165,961 | 190,574 | 147,721 |
2009 Convertible Notes | 195,612 | 186,300 | 184,431 | 220,642 |
Total | 767,760 | 662,230 | 670,752 | 660,346 |
Estimated Fair Value [Member] | Level 3 [Member] | ' | ' | ' | ' |
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Pawn loans | 253,678 | 244,640 | 254,077 | 253,519 |
Consumer loans, net | 328,281 | 289,418 | 256,825 | 222,778 |
Pawn Loan Fees Service Charges | 50,090 | 48,991 | 48,771 | 48,003 |
Total | 632,049 | 583,049 | 559,673 | 524,300 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ' | ' | ' | ' |
Bank lines of credit | 0 | 0 | 0 | 0 |
Senior unsecured notes | 0 | 0 | 0 | 0 |
2009 Convertible Notes | 0 | 0 | 0 | 0 |
Total | $0 | $0 | $0 | $0 |
Quarterly_Financial_Data_Detai
Quarterly Financial Data (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||||||||||||||
Quarterly Financial Data [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||
Total revenue | $437,801 | $491,604 | $439,694 | $411,644 | $457,488 | $473,957 | $398,304 | $345,939 | $364,864 | $1,316,880 | $1,308,826 | $1,800,430 | $1,583,064 | $1,337,050 | ||||||||||||||
Cost of revenue | 190,794 | 224,516 | 191,217 | 178,036 | 200,704 | 225,628 | 162,850 | 136,091 | 148,736 | 553,171 | 569,957 | 794,473 | 673,305 | 564,861 | ||||||||||||||
Net revenue | 247,007 | 267,088 | 248,477 | 233,608 | 256,784 | 248,329 | 235,454 | 209,848 | 216,128 | 763,709 | 738,869 | 1,005,957 | 909,759 | 772,189 | ||||||||||||||
Net income attributable to Cash America International, Inc. | $46,186 | $24,480 | [1] | $11,703 | [1] | $29,820 | [1] | $41,467 | [1] | $37,827 | $34,777 | $26,981 | $36,378 | $115,244 | $82,990 | $107,470 | $135,963 | $115,538 | ||||||||||
Diluted net income per share | $1.52 | $0.79 | [2] | $0.37 | [2] | $0.94 | [2] | $1.30 | [2] | $1.18 | [2] | $1.08 | [2] | $0.84 | [2] | $1.13 | [2] | $3.73 | $2.62 | $3.42 | $4.25 | $3.67 | ||||||
Diluted weighted average common shares | 30,379 | [3] | 30,884 | 31,375 | [3] | 31,822 | 31,912 | 32,059 | 32,248 | 31,994 | 32,060 | 30,857 | [3] | 31,643 | [3] | 31,452 | [4] | 31,991 | [4] | 31,521 | [4] | |||||||
[1] | Net income attributable to Cash America International, Inc. for the third and fourth quarter of 2012 did not follow the normal seasonal trend due to the expenses recognized in connection with the Mexico ReorganizationB and the Ohio Reimbursements.B See Notes 4 and 15. | |||||||||||||||||||||||||||
[2] | The sum of the quarterly net income per share amounts may not total to each full year amount presented in the Company's financial statements because these computations are made independently for each quarter and for the full year and take into account the weighted average number of common shares outstanding for each period, including the effect of dilutive securities for that period. | |||||||||||||||||||||||||||
[3] | There were 25 anti-dilutive shares for the nine months ended September 30, 2013 and no anti-dilutive shares for the three months ended September 30, 2013 and three and nine months ended September 30, 2012. | |||||||||||||||||||||||||||
[4] | Except as described in footnote (b), there are no anti-dilutive shares. |
Withdrawal_Of_Proposed_Divesti1
Withdrawal Of Proposed Divestiture Of Enova (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2012 |
Withdrawal Of Proposed Divestiture Of Enova [Abstract] | ' |
Offering Cost Incurred | $3.90 |
Subsequent_Events_Details
Subsequent Events (Details) | Jan. 24, 2013 | Dec. 31, 2012 |
Subsequent Events [Abstract] | ' | ' |
Authorised to repurchase shares | 2,500,000 | 2,500,000 |
Subsequent_Events_Unaudited_De
Subsequent Events Unaudited (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | ||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
Creazione [Member] | Creazione [Member] | Creazione [Member] | Texas [Member] | Georgia [Member] | North Carolina [Member] | Georgia And North Carolina [Member] | ||||||||
store | store | store | store | |||||||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Stores | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41 | 31 | 3 | 34 |
Business acquisition purchase price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $103,744,000 | ' | ' | $62,000,000 |
Acquisition costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' |
Income Tax Benefit From Worthless Stock Deduction | ' | ' | ' | ' | ' | ' | ' | 33,200,000 | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets Stock Basis Difference | ' | ' | ' | ' | 9,338,000 | 0 | ' | ' | 23,900,000 | ' | ' | ' | ' | ' |
Valuation Allowance | ' | ' | ' | ' | 21,846,000 | 0 | ' | ' | ' | 12,600,000 | ' | ' | ' | ' |
Reversal Of Valuation Allowance | ' | ' | ' | ' | ' | ' | ' | 9,300,000 | ' | ' | ' | ' | ' | ' |
Reversal Of Accrued Interest And Penalties | ' | ' | ' | ' | ' | ' | ' | 1,900,000 | ' | ' | ' | ' | ' | ' |
Reversal Of Unrecognized Tax Benefits | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' |
Effective tax rate | -154.10% | ' | 9.90% | ' | 45.40% | 37.90% | 37.50% | ' | ' | ' | ' | ' | ' | ' |
Income Tax Expense (Benefit) | -28,013,000 | 25,116,000 | 12,727,000 | 67,487,000 | 84,656,000 | 82,360,000 | 69,269,000 | ' | ' | ' | ' | ' | ' | ' |
Ohio Reimbursements Expense | ' | ' | ' | ' | 13,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Customer Refundable Fees | ' | ' | $33,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
575_Senior_Notes_Due_2018_Deta
5.75% Senior Notes Due 2018 (Details) (Three Hundreds Twenty Eighteen Senior Notes [Member], USD $) | 3 Months Ended | 9 Months Ended |
Jun. 30, 2013 | Sep. 30, 2013 | |
Three Hundreds Twenty Eighteen Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt Instrument, Face Amount | ' | $300,000,000 |
Debt Instrument, Interest Rate, Stated Percentage | ' | 5.75% |
Debt Instrument, Issuance Date | ' | 15-May-13 |
Debt instrument, maturity date | ' | 15-May-18 |
Note Redeem Rate | ' | 100.00% |
Note Repurchase Rate | ' | 101.00% |
Debt Issuance Cost | ' | 8,100,000 |
Proceeds From Issuance Of Senior Long Term Debt | $202,000,000 | ' |
Debt Issurance Cost Amortization Period | ' | '5 years |
Valuation_And_Qualifying_Accou
Valuation And Qualifying Accounts Schedule (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Allowance For Valuation Of Inventory [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at Beginning of Period | $700 | $700 | $700 |
Additions, Charged to Expense | 151 | 0 | 0 |
Additions, Charged to Other | 0 | 0 | 0 |
Deductions | 0 | 0 | 0 |
Balance at End of Period | 851 | 700 | 700 |
Tax Valuation Allowance [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at Beginning of Period | 0 | 0 | 0 |
Additions, Charged to Expense | 21,846 | 0 | 0 |
Additions, Charged to Other | 0 | 0 | 0 |
Deductions | 0 | 0 | 0 |
Balance at End of Period | $21,846 | $0 | $0 |