Operating Segment Information

3 Months Ended

Mar. 31, 2012

Operating Segment Information [Abstract]

Operating Segment Information

8. Operating Segment Information

The Company has two 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 lending, consumer loans, the purchase and sale of merchandise, check cashing and other ancillary services such as money orders, wire transfers and prepaid debit cards. 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 channels (and includes the Company's internet lending activities and other ancillary services). In the e-commerce segment, certain administrative expenses are allocated between the domestic and foreign components based on the amount of loans written. See Note 12 for further discussion of the proposed sale of a portion of the Company's ownership in its wholly-owned subsidiary that comprises its e-commerce segment through an initial public offering.

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 personnel, 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, certain information systems and collections support and other similar services. Corporate income includes miscellaneous income not directly attributable to the Company's segments. Corporate assets primarily include: corporate property and equipment, non-qualified savings plan assets, marketable securities, foreign exchange forward contracts and prepaid insurance.

	Retail Services							E-Commerce
	Domestic		Foreign			Total		Domestic		Foreign			Total		Corporate			Consolidated
Three Months Ended March 31, 2012
Revenue
Pawn loan fees and service charges	$	69,413	$	3,486		$	72,899	$	-	$	-		$	-	$	-		$	72,899
Proceeds from disposition of merchandise		195,986		12,397			208,383		-		-			-		-			208,383
Consumer loan fees		29,372		-			29,372		69,124		74,344			143,468		-			172,840
Other		2,962		49			3,011		165		(6	)		159		196			3,366
Total revenue		297,733		15,932			313,665		69,289		74,338			143,627		196			457,488
Disposed merchandise		127,128		11,193			138,321		-		-			-		-			138,321
Consumer loan loss provision		4,466		-			4,466		21,954		35,963			57,917		-			62,383
Total cost of revenue		131,594		11,193			142,787		21,954		35,963			57,917		-			200,704
Net revenue		166,139		4,739			170,878		47,335		38,375			85,710		196			256,784
Expenses
Operations and administration		91,259		8,194			99,453		23,816		26,723			50,539		20,163			170,155
Depreciation and amortization		7,132		1,128			8,260		2,612		263			2,875		3,486			14,621
Total expenses		98,391		9,322			107,713		26,428		26,986			53,414		23,649			184,776
Income (loss) from operations	$	67,748	$	(4,583	)	$	63,165	$	20,907	$	11,389		$	32,296	$	(23,453	)	$	72,008
As of March 31, 2012
Total assets	$	844,689	$	123,245		$	967,934	$	339,199	$	143,757		$	482,956	$	131,847		$	1,582,737
Goodwill						$	357,459						$	210,371				$	567,830
	Retail Services							E-Commerce
	Domestic		Foreign			Total		Domestic		Foreign			Total		Corporate			Consolidated
Three Months Ended March 31, 2011
Revenue
Pawn loan fees and service charges	$	60,226	$	5,056		$	65,282	$	-	$	-		$	-	$	-		$	65,282
Proceeds from disposition of merchandise		160,661		11,266			171,927		-		-			-		-			171,927
Consumer loan fees		25,835		-			25,835		58,711		38,581			97,292		-			123,127
Other		3,725		102			3,827		233		308			541		160			4,528
Total revenue		250,447		16,424			266,871		58,944		38,889			97,833		160			364,864
Disposed merchandise		99,577		9,659			109,236		-		-			-		-			109,236
Consumer loan loss provision		3,183		-			3,183		17,158		19,159			36,317		-			39,500
Total cost of revenue		102,760		9,659			112,419		17,158		19,159			36,317		-			148,736
Net revenue		147,687		6,765			154,452		41,786		19,730			61,516		160			216,128
Expenses
Operations and administration		82,561		9,261			91,822		18,904		15,315			34,219		14,417			140,458
Depreciation and amortization		6,045		1,511			7,556		2,748		192			2,940		1,946			12,442
Total expenses		88,606		10,772			99,378		21,652		15,507			37,159		16,363			152,900
Income (loss) from operations	$	59,081	$	(4,007	)	$	55,074	$	20,134	$	4,223		$	24,357	$	(16,203	)	$	63,228
As of March 31, 2011
Total assets	$	741,075	$	126,750		$	867,825	$	304,071	$	72,054		$	376,125	$	133,826		$	1,377,776
Goodwill						$	335,383						$	210,282				$	545,665