Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Assets (Liabilities) Measured On Recurring Basis

The Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2014 and 2013 and December 31, 2013 are as follows (dollars in thousands):



	September 30,			Fair Value Measurements Using
	2014			Level 1		Level 2			Level 3
Financial assets (liabilities):
Forward currency exchange contracts	$	29		$	—	$	29		$	—
Nonqualified savings plans’ assets^(a)	13,480			13,480		—			—
Total	$	13,509		$	13,480	$	29		$	—
	September 30,			Fair Value Measurements Using
	2013			Level 1		Level 2			Level 3
Financial assets (liabilities):
Forward currency exchange contracts	$	(790	)	$	—	$	(790	)	$	—
Nonqualified savings plans’ assets^(a)	13,455			13,455		—			—
Total	$	12,665		$	13,455	$	(790	)	$	—
	December 31,			Fair Value Measurements Using
	2013			Level 1		Level 2			Level 3
Financial assets:
Forward currency exchange contracts	$	6		$	—	$	6		$	—
Nonqualified savings plans’ assets^(a)	14,576			14,576		—			—
Total	$	14,582		$	14,576	$	6		$	—

(a) The nonqualified savings plan assets have an offsetting liability of an approximately equal amount, which is included in “Accounts payable and accrued expenses” in the Company’s consolidated balance sheets.

Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Required To Be Disclosed

The Company’s financial assets and liabilities as of September 30, 2014 and 2013 and December 31, 2013 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
	2014		2014		Level 1			Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	123,532	$	123,532	$	123,532		$	—	$	—
Restricted cash	60		60		60			—		—
Pawn loans	264,612		264,612		—			—		264,612
Short-term loans and line of credit accounts, net	178,338		178,338		—			—		178,338
Installment loans, net	169,887		169,887		—			—		169,887
Pawn loan fees and service charges receivable	54,501		54,501		—			—		54,501
Total	$	790,930	$	790,930	$	123,592		$	—	$	667,338
Financial liabilities:
Liability for estimated losses on consumer loans guaranteed by the Company	$	2,532	$	2,532	$	—		$	—	$	2,532
Domestic and Multi-currency Line of credit	9,552		10,035		—			10,035		—
Senior unsecured notes	690,491		703,838		203,838		^(a)	500,000		—
Total	$	702,575	$	716,405	$	203,838		$	510,035	$	2,532

^(a) The 2018 Senior Notes were transferred from Level 2 to Level 1 in the first quarter of 2014 in conjunction with the Company’s registration of these notes with the SEC in January 2014. See Note 7 for further discussion of the 2018 Senior Notes.



	Carrying Value		Estimated Fair Value
	September 30,		September 30,		Fair Value Measurement Using
	2013		2013		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	80,359	$	80,359	$	80,359	$	—	$	—
Pawn loans	253,678		253,678		—		—		253,678
Short-term loans and line of credit accounts, net	187,869		187,869		—		—		187,869
Installment loans, net	140,412		140,412		—		—		140,412
Pawn loan fees and service charges receivable	50,090		50,090		—		—		50,090
Total	$	712,408	$	712,408	$	80,359	$	—	$	632,049
Financial liabilities:
Liability for estimated losses on consumer loans guaranteed by the Company	$	2,830	$	2,830	$	—	$	—	$	2,830
Domestic and Multi-currency Line of credit	120,225		126,260		—		126,260		$	—
Senior unsecured notes	455,872		445,888		—		445,888		—
2029 Convertible Notes	106,752		195,612		—		195,612		—
Total	$	685,679	$	770,590	$	—	$	767,760	$	2,830



	Carrying Value		Estimated Fair Value
	December 31,		December 31,		Fair Value Measurement Using
	2013		2013		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	67,228	$	67,228	$	67,228	$	—	$	—
Restricted cash	8,000		8,000		8,000		—		—
Pawn loans	261,148		261,148		—		—		261,148
Short-term loans and line of credit accounts, net	202,829		202,829		—		—		202,829
Installment loans, net	156,012		156,012		—		—		156,012
Pawn loan fees and service charges receivable	53,438		53,438		—		—		53,438
Total	$	748,655	$	748,655	$	75,228	$	—	$	673,427
Financial liabilities:
Liability for estimated losses on consumer loans guaranteed by the Company	$	3,080	$	3,080	$	—	$	—	$	3,080
Domestic and Multi-currency Line of credit	193,717		207,426		—		207,426		$	—
Senior unsecured notes	444,515		430,554		—		430,554		—
2029 Convertible Notes	101,757		155,788		—		155,788		—
Total	$	743,069	$	796,848	$	—	$	793,768	$	3,080

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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