2013 Q1 Form 10-K Financial Statement

#000010838514000020 Filed on June 12, 2014

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q4 2012 Q3
Revenue $161.8M $149.6M $139.4M
YoY Change 8.69% 10.07% 5.52%
Cost Of Revenue $5.000M $4.400M $4.100M
YoY Change 56.25% 33.33% 5.13%
Gross Profit $156.8M $145.2M $135.3M
YoY Change 7.62% 9.5% 5.54%
Gross Profit Margin 96.88% 97.03% 97.06%
Selling, General & Admin $75.30M $74.50M $65.80M
YoY Change 10.57% 13.22% 7.87%
% of Gross Profit 48.02% 51.31% 48.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.100M $1.900M $1.900M
YoY Change 0.0% -5.0% -9.52%
% of Gross Profit 1.34% 1.31% 1.4%
Operating Expenses $96.50M $116.6M $102.6M
YoY Change 13.26% 10.33% 12.04%
Operating Profit $60.30M $28.60M $32.67M
YoY Change -0.33% 6.26% -10.73%
Interest Expense $4.998M $4.404M $4.066M
YoY Change 31.93%
% of Operating Profit 8.29% 15.4% 12.44%
Other Income/Expense, Net
YoY Change
Pretax Income $60.30M $33.04M $36.77M
YoY Change -0.33% 9.18% 0.2%
Income Tax $22.44M $12.37M $13.87M
% Of Pretax Income 37.21% 37.43% 37.72%
Net Earnings $37.90M $20.67M $22.90M
YoY Change 0.8% 5.58% -1.71%
Net Earnings / Revenue 23.42% 13.82% 16.43%
Basic Earnings Per Share $3.08 $1.61 $1.76
Diluted Earnings Per Share $3.01 $1.58 $1.72
COMMON SHARES
Basic Shares Outstanding 12.34M shares 12.84M shares 12.99M shares
Diluted Shares Outstanding 13.10M shares 13.29M shares

Balance Sheet

Concept 2013 Q1 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.60M $17.20M $12.70M
YoY Change 7.41% 20.28% -3.05%
Cash & Equivalents $11.63M $17.17M $12.70M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $722.1M $792.2M $729.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $733.7M $809.4M $741.9M
YoY Change 9.28% 10.66% 11.5%
LONG-TERM ASSETS
Property, Plant & Equipment $23.94M $24.10M $24.30M
YoY Change 1.92% 5.72% 4.74%
Goodwill $5.896M $5.896M
YoY Change 3.61%
Intangibles $4.625M $4.661M
YoY Change -15.6%
Long-Term Investments
YoY Change
Other Assets $29.40M $28.20M $25.60M
YoY Change 58.92% 36.89% -73.05%
Total Long-Term Assets $75.62M $74.78M $71.10M
YoY Change 18.9% 14.7% -48.85%
TOTAL ASSETS
Total Short-Term Assets $733.7M $809.4M $741.9M
Total Long-Term Assets $75.62M $74.78M $71.10M
Total Assets $809.3M $884.2M $813.0M
YoY Change 10.11% 10.99% 1.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.70M $26.80M $22.30M
YoY Change 13.44% 18.06% 8.78%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $42.60M $32.00M $28.90M
YoY Change 15.76% 13.88% -9.97%
LONG-TERM LIABILITIES
Long-Term Debt $400.3M $492.7M $386.6M
YoY Change 43.32% 49.8% 7.51%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $400.3M $492.7M $386.6M
YoY Change 43.32% 49.8% 7.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.60M $32.00M $28.90M
Total Long-Term Liabilities $400.3M $492.7M $386.6M
Total Liabilities $442.9M $524.7M $415.6M
YoY Change 40.11% 46.97% 6.1%
SHAREHOLDERS EQUITY
Retained Earnings $277.0M $281.2M
YoY Change -22.18%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $366.4M $359.5M $397.4M
YoY Change
Total Liabilities & Shareholders Equity $809.3M $884.2M $813.0M
YoY Change 10.11% 10.99% 1.07%

Cashflow Statement

Concept 2013 Q1 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $37.90M $20.67M $22.90M
YoY Change 0.8% 5.58% -1.71%
Depreciation, Depletion And Amortization $2.100M $1.900M $1.900M
YoY Change 0.0% -5.0% -9.52%
Cash From Operating Activities $76.00M $61.80M $46.20M
YoY Change 9.99% 17.94% -2.12%
INVESTING ACTIVITIES
Capital Expenditures -$1.800M -$1.500M -$2.200M
YoY Change -21.74% 0.0% 29.41%
Acquisitions
YoY Change
Other Investing Activities $51.60M -$100.9M -$65.80M
YoY Change 21.13% -0.88% 29.53%
Cash From Investing Activities $49.80M -$102.4M -$68.00M
YoY Change 23.57% -0.87% 29.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -131.8M 45.10M 21.60M
YoY Change 16.43% -13.77% 140.0%
NET CHANGE
Cash From Operating Activities 76.00M 61.80M 46.20M
Cash From Investing Activities 49.80M -102.4M -68.00M
Cash From Financing Activities -131.8M 45.10M 21.60M
Net Change In Cash -6.000M 4.500M -200.0K
YoY Change 57.89% 221.43% -105.41%
FREE CASH FLOW
Cash From Operating Activities $76.00M $61.80M $46.20M
Capital Expenditures -$1.800M -$1.500M -$2.200M
Free Cash Flow $77.80M $63.30M $48.40M
YoY Change 8.96% 17.44% -1.02%

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CY2014 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Nature of Operations</font></div><div style="line-height:120%;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is a small-loan consumer finance company headquartered in Greenville, South Carolina, that offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit.&#160;&#160;It also offers income tax return preparation services to its customer base and to others.</font></div><div style="line-height:120%;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company also markets computer software and related services to financial services companies through its ParaData Financial Systems (&#8220;ParaData&#8221;) subsidiary.</font></div><div style="line-height:120%;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company operated </font><font style="font-family:inherit;font-size:10pt;">1,138</font><font style="font-family:inherit;font-size:10pt;"> offices in Alabama, Georgia, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, and Wisconsin.&#160;&#160;The Company also operated </font><font style="font-family:inherit;font-size:10pt;">133</font><font style="font-family:inherit;font-size:10pt;"> offices in Mexico.&#160;&#160;The Company is subject to numerous lending regulations that vary by jurisdiction.</font></div></div>
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CY2013Q1 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
7576902 USD
CY2012 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
7463662 USD
CY2014 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
7501154 USD
CY2014 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
425640000 USD
CY2012 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
405020000 USD
CY2013 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
443515466 USD
CY2012 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
750804 USD
CY2013 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
1005757 USD
CY2014 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
1086381 USD
CY2014 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
0 USD
CY2012 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
20000000 USD
CY2013 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-50000000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9944601 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10794889 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9588160 USD
CY2013Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
56274346 USD
CY2014Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
60756532 USD
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23935439 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24826238 USD
CY2012 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
105705536 USD
CY2014 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
126575392 USD
CY2013 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
114322525 USD
CY2013Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
20911000 USD
CY2012Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
32402000 USD
CY2014Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
18569000 USD
CY2013Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
28703000 USD
CY2012Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
37395000 USD
CY2013Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
38188000 USD
CY2013Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
41116000 USD
CY2012Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
23615000 USD
CY2014Q1 us-gaap Purchase Obligation
PurchaseObligation
48159982 USD
CY2014Q1 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
223413 USD
CY2014Q1 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
940482 USD
CY2014Q1 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
2368577 USD
CY2014Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
22030600 USD
CY2014Q1 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
15000980 USD
CY2014Q1 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
7595930 USD
CY2014 us-gaap Reclassifications
Reclassifications
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font></div></div>
CY2014 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
320390000 USD
CY2012 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
258020000 USD
CY2013 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
272515466 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
277024787 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
193095944 USD
CY2014 us-gaap Revenues
Revenues
617649251 USD
CY2012 us-gaap Revenues
Revenues
540161682 USD
CY2013 us-gaap Revenues
Revenues
583717713 USD
CY2012Q4 us-gaap Revenues
Revenues
149640000 USD
CY2012Q3 us-gaap Revenues
Revenues
139398000 USD
CY2013Q4 us-gaap Revenues
Revenues
160493000 USD
CY2013Q3 us-gaap Revenues
Revenues
149964000 USD
CY2013Q2 us-gaap Revenues
Revenues
145265000 USD
CY2013Q1 us-gaap Revenues
Revenues
161844000 USD
CY2014Q1 us-gaap Revenues
Revenues
161927000 USD
CY2012Q2 us-gaap Revenues
Revenues
132836000 USD
CY2012 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
54951 shares
CY2013Q1 us-gaap Senior Notes
SeniorNotes
400250000 USD
CY2014Q1 us-gaap Senior Notes
SeniorNotes
505500000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
11165327 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
6617827 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
14913204 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5391
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5685
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5615
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0151
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0080
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0112
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
35.94
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
36.06
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
43.80
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y4M28D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y7M6D
CY2012 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
5858309 USD
CY2013 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
7514790 USD
CY2014 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
6251229 USD
CY2014 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
524500 shares
CY2013 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
60416 shares
CY2014 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2569597 shares
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
183045655 USD
CY2012 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
139799981 USD
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
190536775 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
366396259 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
307355321 USD
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
324140 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
332665 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
447250 shares
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
3842674 USD
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
5234480 USD
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1750596 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11660188 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
12993709 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13662510 USD
CY2012 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1298057 shares
CY2013 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2181045 shares
CY2011Q1 us-gaap Stockholders Equity
StockholdersEquity
442575169 USD
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
418875013 USD
CY2013 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
0 USD
CY2012 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
0 USD
CY2014 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-1937724 USD
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
319235 USD
CY2012Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2014 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5810712 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2785091 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
614279 USD
CY2014 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
379417 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6400000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3200000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3533497 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
507876 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1600000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4600000 USD
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates in the Preparation of Consolidated Financial Statements</font></div><div style="line-height:120%;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.&#160;&#160;The most significant item subject to such estimates and assumptions that could materially change in the near term is the allowance for loan losses.&#160;&#160;Actual results could differ from those estimates.</font></div></div>
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15289111 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13214271 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11741305 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11391706 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12940007 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14906662 shares
CY2014Q1 wrld Accounts Past Due Reserved
AccountsPastDueReserved
1
CY2014 wrld Acquired Loans Term
AcquiredLoansTerm
P8M
CY2014 wrld Amortization Period For Operating Leases
AmortizationPeriodForOperatingLeases
P5Y
CY2014Q1 wrld Bankrupt Accounts That Had Not Been Charged Off
BankruptAccountsThatHadNotBeenChargedOff
5900000 USD
CY2014 wrld Consumer Direct Cash Loan Terms Maximum
ConsumerDirectCashLoanTermsMaximum
P42M
CY2013Q1 wrld Deferred Tax Assets Accounts Payable And Accrued Expenses Primarily Related To Employee Benefits
DeferredTaxAssetsAccountsPayableAndAccruedExpensesPrimarilyRelatedToEmployeeBenefits
8021707 USD
CY2014Q1 wrld Deferred Tax Assets Accounts Payable And Accrued Expenses Primarily Related To Employee Benefits
DeferredTaxAssetsAccountsPayableAndAccruedExpensesPrimarilyRelatedToEmployeeBenefits
11176823 USD
CY2014Q1 wrld Deferred Tax Assets Convertible Notes
DeferredTaxAssetsConvertibleNotes
226938 USD
CY2013Q1 wrld Deferred Tax Assets Convertible Notes
DeferredTaxAssetsConvertibleNotes
383206 USD
CY2014Q1 wrld Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Uncollectible Interest
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsUncollectibleInterest
2147953 USD
CY2013Q1 wrld Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Uncollectible Interest
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsUncollectibleInterest
5473804 USD
CY2014Q1 wrld Direct Consumer Loans Maximum
DirectConsumerLoansMaximum
4000 USD
CY2014 wrld Financing Receivable Allowance For Loan And Lease Losses190 Days Past Due General Reserve Percentage
FinancingReceivableAllowanceForLoanAndLeaseLosses190DaysPastDueGeneralReservePercentage
0.0425
CY2013Q1 wrld Financing Receivable Bankruptcy
FinancingReceivableBankruptcy
5910206 USD
CY2012Q1 wrld Financing Receivable Bankruptcy
FinancingReceivableBankruptcy
5646956 USD
CY2014Q1 wrld Financing Receivable Bankruptcy
FinancingReceivableBankruptcy
5878825 USD
CY2013Q1 wrld Financing Receivable Individually Evaluated For Impairment Unearned Interest And Fees
FinancingReceivableIndividuallyEvaluatedForImpairmentUnearnedInterestAndFees
284956195 USD
CY2012Q1 wrld Financing Receivable Individually Evaluated For Impairment Unearned Interest And Fees
FinancingReceivableIndividuallyEvaluatedForImpairmentUnearnedInterestAndFees
257637819 USD
CY2013Q1 wrld Financing Receivables Delinquent Excluding Bankruptcy
FinancingReceivablesDelinquentExcludingBankruptcy
23536170 USD
CY2012Q1 wrld Financing Receivables Delinquent Excluding Bankruptcy
FinancingReceivablesDelinquentExcludingBankruptcy
20882907 USD
CY2014Q1 wrld Financing Receivables Delinquent Excluding Bankruptcy
FinancingReceivablesDelinquentExcludingBankruptcy
28186637 USD
CY2013Q1 wrld Financing Receivables Less Than Ninety One Days Delinquent Excluding Bankruptcy
FinancingReceivablesLessThanNinetyOneDaysDelinquentExcludingBankruptcy
1037605387 USD
CY2012Q1 wrld Financing Receivables Less Than Ninety One Days Delinquent Excluding Bankruptcy
FinancingReceivablesLessThanNinetyOneDaysDelinquentExcludingBankruptcy
946192901 USD
CY2014Q1 wrld Financing Receivables Less Than Ninety One Days Delinquent Excluding Bankruptcy
FinancingReceivablesLessThanNinetyOneDaysDelinquentExcludingBankruptcy
1078241873 USD
CY2014Q1 wrld Gross Unrecognized Tax Benefits Expected To Be Resolved During Next12 Months Through Settlements With Taxing Authorities Or Expiration Of Statute Of Limitations
GrossUnrecognizedTaxBenefitsExpectedToBeResolvedDuringNext12MonthsThroughSettlementsWithTaxingAuthoritiesOrExpirationOfStatuteOfLimitations
3700000 USD
CY2014 wrld Income Tax Position Likelihood Of Being Sustained
IncomeTaxPositionLikelihoodOfBeingSustained
0.5
CY2014 wrld Minimum Operating Lease Terms
MinimumOperatingLeaseTerms
P3Y
CY2013 wrld Net Assets Acquired From Acquisition Intangibles
NetAssetsAcquiredFromAcquisitionIntangibles
716169 USD
CY2014 wrld Net Assets Acquired From Acquisition Intangibles
NetAssetsAcquiredFromAcquisitionIntangibles
281436 USD
CY2012 wrld Net Assets Acquired From Acquisition Intangibles
NetAssetsAcquiredFromAcquisitionIntangibles
869189 USD
CY2014 wrld Net Assets Acquired From Acquisition Primarily Loans
NetAssetsAcquiredFromAcquisitionPrimarilyLoans
774549 USD
CY2012 wrld Net Assets Acquired From Acquisition Primarily Loans
NetAssetsAcquiredFromAcquisitionPrimarilyLoans
3383421 USD
CY2013 wrld Net Assets Acquired From Acquisition Primarily Loans
NetAssetsAcquiredFromAcquisitionPrimarilyLoans
1951646 USD
CY2014Q1 wrld Net Investment In Loans Deemed Uncollectible Charged Off
NetInvestmentInLoansDeemedUncollectibleCharged-Off
1
CY2013 wrld Non File Insurance Premiums Written
NonFileInsurancePremiumsWritten
7361547 USD
CY2012 wrld Non File Insurance Premiums Written
NonFileInsurancePremiumsWritten
7200590 USD
CY2014 wrld Non File Insurance Premiums Written
NonFileInsurancePremiumsWritten
7241274 USD
CY2014 wrld Number Of Days Pastdue For Loans To Be Classified As Impaired Minimum
NumberOfDaysPastdueForLoansToBeClassifiedAsImpairedMinimum
P90D
CY2014Q1 wrld Number Of Offices In Mexico In Which Entity Operates
NumberOfOfficesInMexicoInWhichEntityOperates
133
CY2014Q1 wrld Number Of Offices Operated In United States Of America
NumberOfOfficesOperatedInUnitedStatesOfAmerica
1138
CY2014Q1 wrld Number Of Offices Purchased
NumberOfOfficesPurchased
1 business_combination
CY2013Q1 wrld Number Of Offices Purchased
NumberOfOfficesPurchased
3 business_combination
CY2012Q1 wrld Number Of Offices Purchased
NumberOfOfficesPurchased
2 business_combination
CY2014Q1 wrld Number Of Offices Purchased And Merged Into Existing Offices
NumberOfOfficesPurchasedAndMergedIntoExistingOffices
6 asset_purchase
CY2012Q1 wrld Number Of Offices Purchased And Merged Into Existing Offices
NumberOfOfficesPurchasedAndMergedIntoExistingOffices
23 asset_purchase
CY2013Q1 wrld Number Of Offices Purchased And Merged Into Existing Offices
NumberOfOfficesPurchasedAndMergedIntoExistingOffices
9 asset_purchase
CY2014Q1 wrld Number Of Offices Recording Goodwill
NumberOfOfficesRecordingGoodwill
90
CY2014Q1 wrld Number Of States With Largest Concentration Of Revenue
NumberOfStatesWithLargestConcentrationOfRevenue
4
CY2014 wrld Operating Lease Terms Maximum
OperatingLeaseTermsMaximum
P5Y
CY2014 wrld Original Fair Value Of Customer List For Office Acquisition Description
OriginalFairValueOfCustomerListForOfficeAcquisitionDescription
less than $100,000
CY2014Q1 wrld Percentage Of Present Value Of New Loan Terms To Remaining Cash Flows Under Original Loan Minimum
PercentageOfPresentValueOfNewLoanTermsToRemainingCashFlowsUnderOriginalLoanMinimum
0.10
CY2014 wrld Percentage Of Total Revenues In Four Largest Sates
PercentageOfTotalRevenuesInFourLargestSates
0.58
CY2012 wrld Percentage Of Total Revenues In Four Largest Sates
PercentageOfTotalRevenuesInFourLargestSates
0.56
CY2013 wrld Percentage Of Total Revenues In Four Largest Sates
PercentageOfTotalRevenuesInFourLargestSates
0.56
CY2014 wrld Periods Of Maturity For Highly Liquid Investments Description
PeriodsOfMaturityForHighlyLiquidInvestmentsDescription
P3M
CY2014Q1 wrld Principal Loans More Than Ninety Days Past Due Included In Loan Loss Reserves
PrincipalLoansMoreThanNinetyDaysPastDueIncludedInLoanLossReserves
1.00
CY2014Q1 wrld Total Acquisitions
TotalAcquisitions
7 acquisition
CY2012Q1 wrld Total Acquisitions
TotalAcquisitions
25 acquisition
CY2013Q1 wrld Total Acquisitions
TotalAcquisitions
12 acquisition
CY2013Q1 wrld Unearned Interest And Fees
UnearnedInterestAndFees
284956195 USD
CY2014Q1 wrld Unearned Interest And Fees
UnearnedInterestAndFees
298387520 USD
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0000108385
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9910401 shares
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q3 dei Entity Public Float
EntityPublicFloat
836894612 USD
CY2014 dei Entity Registrant Name
EntityRegistrantName
WORLD ACCEPTANCE CORP
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
20000000 USD

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