Operating Segment Information

3 Months Ended

Mar. 31, 2013

Operating Segment Information [Abstract]

Operating Segment Information

9. 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 reports corporate operations separately from its retail services and e-commerce segment information. 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 months ended March 31, 2013 and 2012 by segment, for the Company's corporate operations and on a consolidated basis (dollars in thousands):

	Retail Services						E-Commerce
	Domestic		Foreign		Total		Domestic		Foreign		Total		Corporate		Consolidated
Three Months Ended March 31, 2013
Revenue
Pawn loan fees and service charges	$	74,174	$	1,740	$	75,914	$	-	$	-	$	-	$	-	$	75,914
Proceeds from disposition of merchandise		174,150		4,567		178,717		-		-		-		-		178,717
Consumer loan fees		28,322		-		28,322		90,641		91,242		181,883		-		210,205
Other		2,500		93		2,593		441		7		448		251		3,292
Total revenue		279,146		6,400		285,546		91,082		91,249		182,331		251		468,128
Cost of revenue
Disposed merchandise		117,687		3,648		121,335		-		-		-		-		121,335
Consumer loan loss provision		6,778		-		6,778		29,823		38,251		68,074		-		74,852
Total cost of revenue		124,465		3,648		128,113		29,823		38,251		68,074		-		196,187
Net revenue		154,681		2,752		157,433		61,259		52,998		114,257		251		271,941
Expenses
Operations and administration		90,702		3,603		94,305		30,755		34,827		65,582		16,937		176,824
Depreciation and amortization		8,801		399		9,200		3,883		560		4,443		3,888		17,531
Total expenses		99,503		4,002		103,505		34,638		35,387		70,025		20,825		194,355
Income (loss) from operations	$	55,178	$	(1,250)	$	53,928	$	26,621	$	17,611	$	44,232	$	(20,574)	$	77,586
As of March 31, 2013
Total assets	$	915,772	$	128,534	$	1,044,306	$	374,513	$	185,439	$	559,952	$	131,189	$	1,735,447
Goodwill					$	400,871					$	210,369			$	611,240

	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
Cost of revenue
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