Allowance for Losses and Credit Quality of Consumer Loans (Tables)

12 Months Ended

Sep. 30, 2014

Receivables [Abstract]

Allowance for credit losses and recorded investment in financing receivables

The following table presents changes in the allowance for credit losses, as well as the recorded investment in our financing receivables by portfolio segment for the periods presented:

Description	Allowance Balance at Beginning of Period		Charge-offs			Recoveries		Provision			Translation Adjustment			Allowance Balance at End of Period		Financing Receivable at End of Period
	(in thousands)
*Unsecured short-term consumer loans:
Year ended September 30, 2014	$	2,928	$	(46,968	)	$	26,865	$	31,817		$	3		$	14,645	$	31,747
Year ended September 30, 2013	2,390		(47,178		)	21,074		26,651			(9		)	2,928		22,289
Year ended September 30, 2012	1,727		(26,564		)	12,176		15,034			17			2,390		20,108
Secured short-term consumer loans:
Year ended September 30, 2014	$	1,804	$	(64,916	)	$	58,453	$	5,708		$	—		$	1,049	$	8,173
Year ended September 30, 2013	942		(43,768		)	40,226		4,404			—			1,804		9,789
Year ended September 30, 2012	538		(11,295		)	9,087		2,612			—			942		5,951
**Unsecured long-term consumer loans:
Year ended September 30, 2014	$	972	$	(1,997	)	$	2,437	$	5,952		$	(187	)	$	7,177	$	90,987
Year ended September 30, 2013	623		(2,651		)	3,151		(124		)	(27		)	972		108,603
Year ended September 30, 2012	—		(571		)	896		285			13			623		74,045

* Unsecured short-term consumer loans amounts are included for periods after the November 20, 2012 acquisition of Go Cash, and prior to our discontinuance of Go Cash operations at September 30, 2014. Refer to Note 2 for further detail on discontinued operations.

** Comparative information includes activity since the acquisition of Grupo Finmart on January 30, 2012 and the acquisition of Cash Genie on April 14, 2012, as applicable. At September 30, 2014, Go Cash operations were discontinued. Refer to Note 2 for further detail on discontinued operations. A portion of these amounts were included in “Consumer loans, net” in our consolidated balance sheets. Benefit in unsecured long-term consumer loan provision is due to the sale of past due loans and recoveries of loans previously written-off.

Schedule of sales of unsecured long-term consumer loan portfolios

following table presents Grupo Finmart sales of unsecured long-term consumer loan portfolios for the periods presented:

Description of Portfolio			Book Value of Principal		Book Value of Accrued Interest		Promissory Note Received				Realized Gain on Sale (1)		Accelerated Amortization (2)
			(in millions, except number of loans)
14,500 in payroll loans sold October 21, 2013	(3	)	$	14.0	$	0.7	$	19.3	(6	)	$	4.6	$	1.2
7,500 in payroll loans sold March 31, 2014	(3	)	10.0		1.3		16.0		(7	)	4.7		0.7
7,100 in payroll loans sold June 30, 2014	(4	)	10.0		2.1		16.5		(8	)	4.4		0.7
8,500 in payroll loans sold June 30, 2014	(4	)	14.0		2.3		21.8		(9	)	5.5		1.0
16,135 in payroll loans sold September 30, 2014	(5	)	26.7		3.3		43.8		(10	)	13.8		2.0

(1) All realized gains on sale are included under “Consumer loan sales and other” in our consolidated statements of operations in the period of sale.

(2) As a result of these portfolio sales, we accelerated the amortization of the sales commissions related to the loans sold, which are included in “Operations” expense in our consolidated statements of operations in the period of sale.

(3) Grupo Finmart was retained by the trust as the primary servicer at agreed upon market rates through the duration of the portfolio, an expected 48 months.

(4) Grupo Finmart was retained by the trust as the primary servicer at agreed upon market rates through the duration of the portfolio, an expected 60 months.

(5) Grupo Finmart was retained by the trust as the primary servicer at agreed upon market rates through the duration of the portfolio, an expected 72 months.

(6) This amount was received in full on October 29, 2013.

(7) This amount was received in full on April 21, 2014.

(8) This amount was received in full by July 9, 2014.

(9) This amount was received in full on July 7, 2014.

(10) This amount was received in full on October 6, 2014.

The

Aging Analysis of past due financing receivables

following table presents an aging analysis of past due financing receivables by portfolio segment:

	Days Past Due								Total Past Due		Current Receivable		Fair Value Adjustment			Total Financing Receivable		Allowance Balance		Recorded Investment > 90 Days Accruing
	1-30		31-60		61-90		>90
	(in thousands)
Unsecured short-term consumer loans:*
September 30, 2013	$	113	$	285	$	257	$	—	$	655	$	214	$	—		$	869	$	464	$	—
Secured short-term consumer loans:
September 30, 2014	$	2,196	$	823	$	448	$	412	$	3,879	$	4,294	$	—		$	8,173	$	1,049	$	—
September 30, 2013	2,096		1,313		905		910		5,224		4,565		—			9,789		1,804		—
September 30, 2012	1,246		708		466		391		2,811		3,140		—			5,951		942		—
Unsecured long-term consumer loans:**
September 30, 2014
In Payroll	$	8,445	$	2,192	$	1,048	$	19,921	$	31,606	$	52,471	$	1,473		$	85,550	$	2,345	$	19,921
Out of Payroll	24		271		170		4,541		5,006		385		46			5,437		4,832		—
	$	8,469	$	2,463	$	1,218	$	24,462	$	36,612	$	52,856	$	1,519		$	90,987	$	7,177	$	19,921
September 30, 2013
In Payroll	$	8,726	$	5,245	$	1,392	$	29,492	$	44,855	$	63,209	$	(196	)	$	107,868	$	758	$	29,492
Out of Payroll	183		109		192		—		484		258		(7		)	735		214		—
	$	8,909	$	5,354	$	1,584	$	29,492	$	45,339	$	63,467	$	(203	)	$	108,603	$	972	$	29,492
September 30, 2012
In Payroll	$	2,465	$	28,783	$	949	$	7,507	$	39,704	$	37,120	$	(2,779	)	$	74,045	$	623	$	7,506
Out of Payroll	—		—		—		—		—		—		—			—		—		—
	$	2,465	$	28,783	$	949	$	7,507	$	39,704	$	37,120	$	(2,779	)	$	74,045	$	623	$	7,506

* Unsecured short-term consumer loans amounts are included for periods after the December 20, 2012 acquisition of Go Cash, and prior to our discontinuance of Go Cash operations as of September 30, 2014. As a result of our discontinuance of Go Cash, we wrote our unsecured short-term consumer loans down to net realized value, or a nominal amount, as of September 30, 2014. Refer to Note 2 for further detail on discontinued operations.

** Comparative information includes activity since the acquisition of Grupo Finmart on January 30, 2012 and the acquisition of Cash Genie on April 14, 2012, as applicable. At September 30, 2014, Go Cash operations were discontinued. Refer to Note 2 for further detail on discontinued operations.