$CRMT
AMERICAS CARMART INC

2019 Q1 Form 10-Q Financial Statement

#000117184319001597 Filed on March 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $161.1M $147.2M
YoY Change 9.4% 6.07%
Cost Of Revenue $81.74M $74.95M
YoY Change 9.06% 4.34%
Gross Profit $58.06M $53.22M
YoY Change 9.11% 7.66%
Gross Profit Margin 36.05% 36.15%
Selling, General & Admin $26.49M $25.95M
YoY Change 2.09% 14.53%
% of Gross Profit 45.62% 48.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $990.0K $1.050M
YoY Change -5.71% -0.94%
% of Gross Profit 1.71% 1.97%
Operating Expenses $26.49M $25.95M
YoY Change 2.09% 14.53%
Operating Profit $31.58M $27.27M
YoY Change 15.79% 1.86%
Interest Expense $2.110M $1.482M
YoY Change 42.38% 39.81%
% of Operating Profit 6.68% 5.43%
Other Income/Expense, Net
YoY Change
Pretax Income $14.28M $5.823M
YoY Change 145.17% 28.74%
Income Tax $3.381M -$7.556M
% Of Pretax Income 23.68% -129.76%
Net Earnings $10.90M $13.38M
YoY Change -18.57% 371.76%
Net Earnings / Revenue 6.76% 9.09%
Basic Earnings Per Share $1.61 $1.88
Diluted Earnings Per Share $1.55 $1.82
COMMON SHARES
Basic Shares Outstanding 6.751M 7.107M
Diluted Shares Outstanding 7.003M 7.345M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.600M $500.0K
YoY Change 220.0% 66.67%
Cash & Equivalents $1.624M $534.0K
Short-Term Investments
Other Short-Term Assets $5.100M $4.900M
YoY Change 4.08% 6.52%
Inventory $38.82M $38.09M
Prepaid Expenses
Receivables $2.500M $2.300M
Other Receivables $1.600M $500.0K
Total Short-Term Assets $49.60M $46.30M
YoY Change 7.13% 17.22%
LONG-TERM ASSETS
Property, Plant & Equipment $28.67M $29.20M
YoY Change -1.8% -6.74%
Goodwill $355.0K $355.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $444.0M $410.0M
YoY Change 8.27% 3.77%
TOTAL ASSETS
Total Short-Term Assets $49.60M $46.30M
Total Long-Term Assets $444.0M $410.0M
Total Assets $493.6M $456.3M
YoY Change 8.16% 4.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.60M $14.10M
YoY Change -3.55% 34.29%
Accrued Expenses $12.30M $9.000M
YoY Change 36.67% 3.45%
Deferred Revenue
YoY Change
Short-Term Debt $1.300M $4.100M
YoY Change -68.29% 13.89%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.20M $27.20M
YoY Change 0.0% 13.33%
LONG-TERM LIABILITIES
Long-Term Debt $170.7M $148.2M
YoY Change 15.18% 24.75%
Other Long-Term Liabilities $35.30M $34.10M
YoY Change 3.52% 4.28%
Total Long-Term Liabilities $206.0M $182.3M
YoY Change 13.0% 20.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.20M $27.20M
Total Long-Term Liabilities $206.0M $182.3M
Total Liabilities $247.5M $221.1M
YoY Change 11.94% 13.41%
SHAREHOLDERS EQUITY
Retained Earnings $395.0M $351.8M
YoY Change 12.28% 9.85%
Common Stock $78.97M $71.25M
YoY Change 10.84% 3.8%
Preferred Stock
YoY Change
Treasury Stock (at cost) $228.4M $188.3M
YoY Change 21.29% 25.79%
Treasury Stock Shares $6.645M $5.970M
Shareholders Equity $245.6M $234.8M
YoY Change
Total Liabilities & Shareholders Equity $493.6M $456.3M
YoY Change 8.16% 4.99%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $10.90M $13.38M
YoY Change -18.57% 371.76%
Depreciation, Depletion And Amortization $990.0K $1.050M
YoY Change -5.71% -0.94%
Cash From Operating Activities $7.400M -$3.980M
YoY Change -285.93% -406.15%
INVESTING ACTIVITIES
Capital Expenditures -$1.500M -$630.0K
YoY Change 138.1% 16.67%
Acquisitions
YoY Change
Other Investing Activities $0.00 $270.0K
YoY Change -100.0% -70.65%
Cash From Investing Activities -$1.500M -$360.0K
YoY Change 316.67% -197.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.940M 4.520M
YoY Change -209.29% -384.28%
NET CHANGE
Cash From Operating Activities 7.400M -3.980M
Cash From Investing Activities -1.500M -360.0K
Cash From Financing Activities -4.940M 4.520M
Net Change In Cash 960.0K 180.0K
YoY Change 433.33% 125.0%
FREE CASH FLOW
Cash From Operating Activities $7.400M -$3.980M
Capital Expenditures -$1.500M -$630.0K
Free Cash Flow $8.900M -$3.350M
YoY Change -365.67% -282.07%

Facts In Submission

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us-gaap Concentration Risk Credit Risk
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; font-style: italic; margin: 0pt 0; text-align: justify">Concentration of Risk</div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9.35pt; margin: 0pt 0">The Company provides financing in connection with the sale of substantially all of its vehicles. These sales are made primarily to customers residing in Alabama, Arkansas, Georgia, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas, with approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">28%</div> of current period revenues resulting from sales to Arkansas customers.</div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9.35pt; margin: 0pt 0">&nbsp;</div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9.35pt; margin: 0pt 0">Periodically, the Company maintains cash in financial institutions in excess of the amounts insured by the federal government. The Company&#x2019;s revolving credit facilities mature in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 2021.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
CY2019Q1 us-gaap Cost Of Revenue
CostOfRevenue
81740000
CY2018Q1 us-gaap Cost Of Revenue
CostOfRevenue
74951000
us-gaap Cost Of Revenue
CostOfRevenue
251274000
us-gaap Cost Of Revenue
CostOfRevenue
225780000
CY2019Q1 us-gaap Costs And Expenses
CostsAndExpenses
146778000
CY2018Q1 us-gaap Costs And Expenses
CostsAndExpenses
141391000
us-gaap Costs And Expenses
CostsAndExpenses
450717000
us-gaap Costs And Expenses
CostsAndExpenses
417505000
us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
372000
CY2019Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
14167000
CY2018Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
12558000
CY2018Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
424511000
CY2018Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
394614000
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
100000
CY2018Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-84000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
88000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-188000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
88000
CY2018Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
117821000
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
109693000
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
117268000
CY2019Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
450931000
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
985000
CY2018Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1057000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2949000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3244000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2949000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3244000
us-gaap Dividends
Dividends
30000
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.61
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.59
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.48
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.204
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.043
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.304
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
37406000
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
30312000
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
127980000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-188000
CY2019Q1 us-gaap Goodwill
Goodwill
355000
CY2018Q2 us-gaap Goodwill
Goodwill
355000
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
14276000
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
5823000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
41523000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
25245000
CY2018Q1 us-gaap Interest And Fee Income Loans Consumer Installment Automobiles Marine And Other Vehicles
InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles
19048000
us-gaap Interest And Fee Income Loans Consumer Installment Automobiles Marine And Other Vehicles
InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles
61925000
CY2018Q2 us-gaap Interest Receivable
InterestReceivable
2189000
CY2019Q1 us-gaap Inventory Net
InventoryNet
38822000
CY2018Q2 us-gaap Inventory Net
InventoryNet
33610000
CY2019Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2018Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3381000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7556000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8464000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1095000
us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
-8100000
CY2019Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
1646000
CY2018Q2 us-gaap Income Tax Receivable
IncomeTaxReceivable
1450000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7050000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7534000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1320000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4199000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1723000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-2151000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
267000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
251000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-32194000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-22347000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
318000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
989000
CY2019Q1 us-gaap Interest And Fee Income Loans Consumer Installment Automobiles Marine And Other Vehicles
InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles
21251000
us-gaap Interest And Fee Income Loans Consumer Installment Automobiles Marine And Other Vehicles
InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles
55883000
CY2019Q1 us-gaap Interest Expense
InterestExpense
2110000
CY2018Q1 us-gaap Interest Expense
InterestExpense
1482000
us-gaap Interest Expense
InterestExpense
5895000
us-gaap Interest Expense
InterestExpense
3978000
us-gaap Interest Paid Net
InterestPaidNet
5191000
us-gaap Interest Paid Net
InterestPaidNet
3978000
CY2019Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
704000
CY2018Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
CY2019Q1 us-gaap Interest Receivable
InterestReceivable
2456000
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
1500000
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
1400000
CY2019Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
250000
CY2019Q1 us-gaap Liabilities
Liabilities
247478000
CY2018Q2 us-gaap Liabilities
Liabilities
224649000
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
493555000
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
455584000
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
170737000
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
152367000
CY2019Q1 us-gaap Minority Interest
MinorityInterest
100000
CY2018Q2 us-gaap Minority Interest
MinorityInterest
100000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1201000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6529000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3042000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1298000
CY2018Q1 us-gaap Notes Receivable Net
NotesReceivableNet
380384000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4845000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5131000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10885000
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13369000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33029000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26310000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
1196000
CY2019Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
627322000
CY2018Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
584682000
CY2019Q1 us-gaap Notes Receivable Net
NotesReceivableNet
414913000
CY2018Q2 us-gaap Notes Receivable Net
NotesReceivableNet
383617000
CY2017Q2 us-gaap Notes Receivable Net
NotesReceivableNet
357161000
CY2019Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
4337000
CY2018Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
3544000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24087000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26295000
us-gaap Payments Of Dividends
PaymentsOfDividends
30000
us-gaap Payments Of Dividends
PaymentsOfDividends
30000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3042000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1586000
CY2019Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
10000
CY2018Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
10000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
30000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
30000
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5065000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
386867000
CY2019Q1 us-gaap Revenues
Revenues
161054000
CY2018Q1 us-gaap Revenues
Revenues
147214000
us-gaap Revenues
Revenues
492240000
CY2018Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4747000
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
206620000
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
180137000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
103000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
83000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3827000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
492000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
337842000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
307351000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
814000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
3446000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
288000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4373000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1311000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
10895000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
13379000
us-gaap Profit Loss
ProfitLoss
33059000
us-gaap Profit Loss
ProfitLoss
26340000
us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; font-style: italic; margin: 0pt 0; text-align: justify">Property and Equipment</div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9.35pt; margin: 0pt 0">Property and equipment are stated at cost. Expenditures for additions, remodels, and improvements are capitalized. Costs of repairs and maintenance are expensed as incurred. Leasehold improvements are amortized over the shorter of the estimated life of the improvement or the lease period. The lease period includes the primary lease term plus any extensions that are reasonably assured. Depreciation is computed using the straight-line method, generally over the following estimated useful lives:</div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9.35pt; margin: 0pt 0">&nbsp;</div> <div> <table cellspacing="0" cellpadding="0" align="center" style="; font-size: 10pt; border-collapse: collapse; min-width: 700px;"> <tr style="vertical-align: top"> <td style="width: 58%; font-size: 10pt; layout-grid-mode: line"><div style="display: inline; font-size: 10pt">Furniture, fixtures and equipment</div></td> <td style="width: 42%; font-weight: bold; text-align: center; font-size: 10pt; layout-grid-mode: line"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: normal">3 to 7 years</div></div></td> </tr> <tr style="vertical-align: top"> <td style="font-size: 10pt">Leasehold improvements</td> <td style="font-weight: bold; text-align: center; font-size: 10pt; layout-grid-mode: line"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: normal">5 to 15 years</div></div></td> </tr> <tr style="vertical-align: top"> <td style="font-size: 10pt; layout-grid-mode: line"><div style="display: inline; font-size: 10pt">Buildings and improvements</div></td> <td style="font-weight: bold; text-align: center; font-size: 10pt; layout-grid-mode: line"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: normal">18 to 39 years</div></div></td> </tr> </table> </div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9.35pt; margin: 0pt 0">Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying values of the impaired assets exceed the fair value of such assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.</div></div></div></div></div></div></div></div></div></div></div></div>
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28674000
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28594000
CY2019Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
35555000
CY2018Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
37872000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
111619000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
110778000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
111619000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
110778000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
284000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
81000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
319014000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
278284000
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
395017000
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
361988000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
139803000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128166000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
430315000
us-gaap Revenues
Revenues
442750000
CY2019Q1 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
3771000
CY2018Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
3270000
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26488000
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25945000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
79068000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
73537000
us-gaap Share Based Compensation
ShareBasedCompensation
2270000
us-gaap Share Based Compensation
ShareBasedCompensation
1258000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.36
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.36
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0279
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0181
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
8506000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3444000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
15200000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10900000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
6300000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
187500
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
36.36
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y182D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y182D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y146D
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
103000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3827000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
347155
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
651490
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
24100000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
26300000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
245577000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
230435000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
245677000
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
230535000
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-1500000
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-777000
CY2019Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
400000
CY2018Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
400000
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
6645137
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
6297982
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
228412000
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
204325000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
24087000
us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; font-style: italic; margin: 0pt 0; text-align: justify">Use of Estimates</div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9pt; margin: 0pt 0">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include, but are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> limited to, the Company&#x2019;s allowance for credit losses.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
252363
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
238713
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
240723
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
219568
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7003389
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7345428
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7087430
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7556255
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6751026
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7106715
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6846707
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7336687

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