0000876523-22-000019 | 10-Q | XBRL Viewer

Print Document View Excel Document

Cover Page - shares	3 Months Ended
Cover Page - shares	Dec. 31, 2021	Jan. 31, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	0-19424
Entity Registrant Name	EZCORP, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	74-2540145
Entity Address, Address Line One	2500 Bee Cave Road
Entity Address, Address Line Two	Bldg One
Entity Address, Address Line Three	Suite 200
Entity Address, City or Town	Rollingwood
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78746
City Area Code	512
Local Phone Number	314-3400
Title of 12(b) Security	Class A Non-voting Common Stock, par value $.01 per share
Trading Symbol	EZPW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Entity Central Index Key	0000876523
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--09-30
Common Stock Class A Non-voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		53,557,589
Common Stock Class B Voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,970,171
No Trading Symbol Class B

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 233,274	$ 253,667	$ 290,450
Restricted cash	8,692	9,957	8,011
Pawn loans	176,586	175,901	147,852
Pawn service charges receivable, net	29,765	29,337	24,825
Inventory, net	119,313	110,989	94,980
Prepaid expenses and other current assets	31,209	31,010	32,824
Total current assets	598,839	610,861	598,942
Investments in unconsolidated affiliates	42,513	37,724	31,773
Other investments	16,500	0	0
Property and equipment, net	52,201	53,811	55,204
Right-of-use asset, net	201,527	200,990	177,308
Goodwill	284,619	285,758	258,453
Intangible assets, net	61,458	62,104	58,794
Notes receivable, net	1,190	1,181	1,156
Deferred tax asset, net	15,623	9,746	10,000
Other assets	5,851	4,736	5,534
Total assets	1,280,321	1,266,911	1,197,164
Current liabilities:
Current maturities of long-term debt, net	0	0	213
Accounts payable, accrued expenses and other current liabilities	75,531	90,268	67,777
Customer layaway deposits	13,142	12,557	9,904
Lease liability	51,843	52,263	45,351
Total current liabilities	140,516	155,088	123,245
Long-term debt, net	311,844	264,186	254,322
Deferred tax liability, net	221	3,684	172
Lease liability	161,841	161,330	143,620
Other long-term liabilities	11,398	10,385	11,303
Total liabilities	625,820	594,673	532,662
Commitments and Contingencies (Note 10)
Stockholders’ equity:
Additional paid-in capital	339,955	403,312	398,269
Retained earnings	369,359	326,781	322,468
Accumulated other comprehensive loss	(55,376)	(58,415)	(56,791)
Total equity	654,501	672,238	664,502
Total liabilities and equity	1,280,321	1,266,911	1,197,164
Common Stock Class A Non-voting
Stockholders’ equity:
Common stock	533	530	526
Common Stock Class B Voting
Stockholders’ equity:
Common stock	$ 30	$ 30	$ 30

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Common Stock Class A Non-voting
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000	100,000,000
Common stock, shares issued (in shares)	53,344,218	53,086,438	52,628,588
Common stock, shares outstanding (in shares)	53,344,218	53,086,438	52,628,588
Common Stock Class B Voting
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	3,000,000	3,000,000	3,000,000
Common stock, shares issued (in shares)	2,970,171	2,970,171	2,970,171
Common stock, shares outstanding (in shares)	2,970,171	2,970,171	2,970,171

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Total revenues	$ 220,994	$ 178,135
Net revenues	132,111	108,390
Operating expenses:
Store expenses	86,771	79,309
General and administrative	15,545	12,510
Depreciation and amortization	7,574	7,572
Loss (gain) on sale or disposal of assets and other	5	(22)
Total operating expenses	109,895	99,369
Operating income	22,216	9,021
Interest expense	2,431	5,455
Interest income	(304)	(821)
Equity in net income of unconsolidated affiliates	(1,138)	(516)
Other income	(120)	(599)
Income before income taxes	21,347	5,502
Income tax expense	5,626	1,203
Net income	$ 15,721	$ 4,299
Basic earnings per share (in dollars per share)	$ 0.28	$ 0.08
Diluted earnings per share (in dollars per share)	$ 0.21	$ 0.08
Weighted-average basic shares outstanding (in shares)	56,183	55,361
Weighted-average diluted shares outstanding (in shares)	81,948	55,428
Merchandise sales
Revenues:
Total revenues	$ 137,720	$ 107,783
Cost of revenues	83,111	64,543
Jewelry scrapping sales
Revenues:
Total revenues	6,944	6,759
Cost of revenues	5,772	5,202
Pawn service charges
Revenues:
Total revenues	76,025	63,489
Other
Revenues:
Total revenues	$ 305	$ 104

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 15,721	$ 4,299
Other comprehensive income:
Foreign currency translation adjustment, net of tax	3,039	11,277
Comprehensive income	$ 18,760	$ 15,576

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3000-108585

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=123454820&loc=SL4569616-111683

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Additional Paid-in Capital Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss
Beginning Balance (in shares) at Sep. 30, 2020			55,303
Beginning Balance at Sep. 30, 2020	$ 649,127		$ 551	$ 398,475		$ 318,169		$ (68,068)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	524			524
Release of restricted stock (in shares)			296
Release of restricted stock	5		$ 5
Taxes paid related to net share settlement of equity awards	(730)			(730)
Foreign currency translation gain (loss)	11,277							11,277
Net income	4,299					4,299
Ending Balance (in shares) at Dec. 31, 2020			55,599
Ending Balance at Dec. 31, 2020	664,502		$ 556	398,269		322,468		(56,791)
Beginning Balance (in shares) at Sep. 30, 2020			55,303
Beginning Balance at Sep. 30, 2020	649,127		$ 551	398,475		318,169		(68,068)
Ending Balance (in shares) at Sep. 30, 2021			56,057
Ending Balance at Sep. 30, 2021	672,238	$ (37,406)	$ 560	403,312	$ (64,263)	326,781	$ 26,857	(58,415)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	1,698			1,698
Release of restricted stock (in shares)			257
Release of restricted stock	3		$ 3
Taxes paid related to net share settlement of equity awards	(792)			(792)
Foreign currency translation gain (loss)	3,039							3,039
Net income	15,721					15,721
Ending Balance (in shares) at Dec. 31, 2021			56,314
Ending Balance at Dec. 31, 2021	$ 654,501		$ 563	$ 339,955		$ 369,359		$ (55,376)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Net income	$ 15,721	$ 4,299
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	7,574	7,572
Amortization of debt discount and deferred financing costs	374	3,329
Amortization of lease right-of-use asset	12,694	11,504
Deferred income taxes	587	(1,421)
Other adjustments	(30)	(167)
Provision for inventory reserve	(820)	(1,510)
Stock compensation expense	1,698	524
Equity in net income of unconsolidated affiliates	(1,138)	(516)
Changes in operating assets and liabilities:
Service charges and fees receivable	(419)	(4,034)
Inventory	(2,314)	1,323
Prepaid expenses, other current assets and other assets	(2,330)	(713)
Accounts payable, accrued expenses and other liabilities	(29,531)	(23,460)
Customer layaway deposits	551	(1,311)
Income taxes	4,741	68
Dividends from unconsolidated affiliates	1,660	0
Net cash provided by (used in) operating activities	9,018	(4,513)
Investing activities:
Loans made	(166,480)	(142,936)
Loans repaid	95,542	77,116
Recovery of pawn loan principal through sale of forfeited collateral	65,297	53,981
Capital expenditures, net	(4,985)	(3,223)
Issuance of note receivable	(1,000)	0
Investment in unconsolidated affiliates	(2,477)	0
Investment in other investments	(16,500)	0
Net cash used in investing activities	(30,603)	(15,062)
Financing activities:
Taxes paid related to net share settlement of equity awards	(792)	(730)
Payments on assumed debt and other borrowings	0	(53)
Net cash used in financing activities	(792)	(783)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	719	6,266
Net decrease in cash, cash equivalents and restricted cash	(21,658)	(14,092)
Cash, cash equivalents and restricted cash at beginning of period	263,624	312,553
Cash, cash equivalents and restricted cash at end of period	241,966	298,461
Supplemental disclosure of cash flow information
Cash and cash equivalents	233,274	290,450
Restricted cash	8,692	8,011
Total cash and cash equivalents and restricted cash	241,966	298,461
Non-cash investing and financing activities:
Pawn loans forfeited and transferred to inventory	$ 70,966	$ 50,921

Organization and Summary of Significant Accounting Policies

3 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Organization and Summary of Significant Accounting Policies

NOTE 1: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business

EZCORP, Inc. (collectively with its subsidiaries, the “Company,” “we,” “us,” or “our”) is a leading provider of pawn loans in the United States and Latin America. Pawn loans are non-recourse loans collateralized by tangible property. We also sell merchandise, primarily collateral forfeited from pawn lending operations and pre-owned merchandise purchased from customers.

Basis of Presentation

The accompanying interim unaudited condensed consolidated financial statements (“Condensed Consolidated Financial Statements”) have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.

These Condensed Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and related notes contained in our Annual Report on Form 10-K for the year ended September 30, 2021, filed with the SEC on November 17, 2021 (“2021 Annual Report”).

In the opinion of management, the accompanying Condensed Consolidated Financial Statements include all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation. Financial results for the three-month period ended December 31, 2021, are not necessarily indicative of results that may be expected for the fiscal year ending September 30, 2022.

Our business is subject to seasonal variations, and operating results for the three months ended December 31, 2021 and 2020 (the "current quarter" and "prior-year quarter," respectively) are not necessarily indicative of the results of operations for the full fiscal year. There have been no changes that have had a material impact in significant accounting policies as described in our Annual Report on Form 10-K for the year ended September 30, 2021 except for as disclosed below related to the adoption of ASU 2020-06.

Principles of Consolidation

The accompanying Condensed Consolidated Financial Statements include the accounts of EZCORP, Inc. and its wholly owned subsidiaries. We use the equity method of accounting for entities in which we have a 50% or less investment and exercise significant influence. We account for equity investments for which we do not have significant influence and without readily determinable fair values at cost with adjustments for observable changes in price in orderly transactions for identical or similar investments of the same issuer or impairments. All inter-company accounts and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP 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 reporting period. Such estimates and assumptions include the determination of inventory reserves, expected credit losses, useful lives of long-lived and intangible assets, valuation of share-based compensation, valuation of equity investments, valuation of deferred tax assets and liabilities, loss contingencies related to litigation and discount rates used for operating leases. Actual results may result in actual amounts differing from reported amounts.

Impact of COVID-19

The COVID-19 pandemic continues to affect the U.S. and global economies, as disclosed in our 2021 Annual Report on Form 10-K. The full extent and duration of the COVID-19 impact on the global economy generally, and on our business specifically, is currently unknown. The impact of the pandemic, and the recovery therefrom, continued to adversely effect net revenues and earnings into fiscal 2021. During the latter part of fiscal 2021, we saw pawn transaction activity continue to rebuild, driving PLO balances closer to pre-pandemic levels, which will drive accelerating PSC revenue in the coming quarters given the natural lag between pawn originations and related fees. We continue to assess what type of impact the recent surge of the COVID-19 Omicron variant will have to our business, net revenues and operating expenses in fiscal year 2022. A prolonged pandemic and recovery may have an adverse effect on our results of operations, financial position results of operations or cash flows. Our estimates, judgments and assumptions related to COVID-19 could ultimately differ over time.

Recently Adopted Accounting Policies

In August 2020, the FASB issued its Accounting Standards Update (“ASU”) 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815 – 40), (“ASU 2020-06”). ASU 2020-06 simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. Additionally, ASU 2020-06 eliminates beneficial conversion feature and cash conversion models resulting in more convertible instruments being accounted for as a single unit. The ASU 2020-06 amendments are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. We early adopted this standard on October 1, 2021 under the modified retrospective basis.

Impact of the Adoption of ASU 2020-06

On October 1, 2021, we early adopted ASU 2020-06 on a modified retrospective basis. Under ASU 2020-06, we no longer separate the convertible senior notes into liability and equity components. We recognized the cumulative effect of initially applying this new standard as of October 1, 2021. We recognized a cumulative effect of initially applying the ASU as an adjustment to the October 1, 2021 opening balance of retained earnings. The conversion option that was previously accounted for in equity under the cash conversion model was recombined into the convertible debt outstanding, and as a result, additional paid in capital and the related unamortized debt discount on the convertible senior notes were reduced. The removal of the remaining debt discounts recorded for this previous separation has the effect of increasing our net debt balance. The prior period consolidated financial statements have not been retrospectively adjusted and continue to be reported under the accounting standards in effect for those periods.


(in thousands)	As Reported September 30, 2021		Adjustments		Under ASU 2020-06 October 1, 2021
Principal	$	316,250	$	—	$	316,250
Unamortized debt discount	(48,785)		48,785		—
Deferred financing costs, net	(3,279)		(1,500)		(4,779)
Net carrying amount	264,186		47,285		311,471

Deferred tax asset	9,746		5,839		15,585
Deferred tax liability	3,684		(4,040)		(356)

Additional paid-in capital	403,312		(64,263)		339,049
Retained earnings	326,781		26,857		353,638

The impact of adoption on our condensed consolidated statements of operations for the three months ended December 31, 2021 was primarily to decrease interest expense by $3.4 million. This had the effect of increasing our basic earnings per share for the three months ended December 31, 2021 by $0.05, and decreasing our diluted earnings per common share for the three months ended December 31, 2021 by $0.02. Additionally, adoption of the standard requires interest charges on the convertible debt to be added to net income as well as the use of the “if-converted” method to calculate diluted earnings per common share. Refer to Note 4: Earnings Per Share for effect of the convertible notes on diluted earnings per common share.

Recently Issued Accounting Pronouncements

We reviewed all recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a material impact on our consolidated financial statements.

Acquisitions

3 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Acquisitions

NOTE 2: ACQUISITIONS

On June 8, 2021, we completed the acquisition of 100% of the common shares of PLO del Bajio S. de R.L. de C.V. (“Bajio”) and gained control of the entity, further expanding our geographic footprint within Mexico with the addition of 128 pawn stores. These stores operate under the name "Cash Apoyo Efectivo" and are located principally in the Mexico City metropolitan area.

At the time of acquisition, the total consideration for Bajio was $23.6 million, consisting of $17.4 million of cash, and 212,870 shares of our Class A Non-Voting Common Stock valued at $1.6 million. In addition, the sellers are entitled to additional payments of up to $4.6 million to be paid in two payments over the next two years, contingent on the growth of the loan portfolios of the acquired stores. Up to 50% of any future contingent payments can be made in shares of our Class A Non-Voting Common Stock at our discretion. The value of the contingent consideration was included in the total consideration as the metrics were considered achievable on the date of acquisition. Cash paid at closing was $11.6 million and $3.8 million was paid in the fourth quarter of 2021.

During the first quarter of 2022, both parties completed the formal working capital reconciliation stipulated within the purchase agreement. As part of the working capital reconciliation, the Company and the seller agreed to reduce the purchase price, which was held in restricted cash as of September 30, 2021, by $1.3 million. As the working capital adjustment was recorded as of September 30, 2021, this reduction to the purchase price is a measurement period adjustment, and resulted in a $1.3 million reduction to goodwill during the period ended December 31, 2021. This reduced the total consideration for Bajio to $22.3 million. As the future payments decreased, we released $1.3 million of the previously held $2.0 million in restricted cash to our unrestricted cash. Of the remaining $0.7 million in restricted cash, $0.3 million is expected to be paid prior to June 30, 2022, and $0.4 million is expected to be paid on or around the fifth anniversary of the date of acquisition.

The assets acquired and liabilities assumed are based upon the estimated fair values at the date of acquisition. The excess purchase price over the estimated fair market value of the new assets acquired has been recorded as goodwill.

The purchase price allocation is as follows, in thousands:


Cash and cash equivalents	$	308
Pawn loans	4,619
Pawn service charges receivable	1,335
Inventory	1,319
Property and equipment	2,025
Right-of-use assets	10,651
Goodwill	24,778
Intangible assets	3,965
Deferred tax asset, net	381
Other assets	746
Accounts payable, accrued expenses and other liabilities	(2,290)
Debt	(14,931)
Lease liabilities	(10,651)
Total consideration	$	22,255

Intangible assets acquired consist of indefinite-lived trade names.

Goodwill

3 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

NOTE 3: GOODWILL

The following table summarizes the changes in the carrying amount of goodwill by segment and in total:


	Three Months Ended December 31, 2021
(in thousands)	U.S. Pawn		Latin America Pawn		Consolidated

Balances as of September 30, 2021	$	244,471	$	41,287	$	285,758

Measurement period adjustments	—		(1,322)		(1,322)

Effect of foreign currency translation changes	—		183		183
Balances as of December 31, 2021	$	244,471	$	40,148	$	284,619


	Three Months Ended December 31, 2020
(in thousands)	U.S. Pawn		Latin America Pawn		Consolidated

Balances as of September 30, 2020	$	241,928	$	15,654	$	257,582
Effect of foreign currency translation changes	—		871		871


Balances as of December 31, 2020	$	241,928	$	16,525	$	258,453

Earnings per Share

3 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings per Share

NOTE 4: EARNINGS PER SHARE

The following table reconciles the number of common shares used to compute basic and diluted earnings per share attributable to EZCORP Inc., shareholders:


	Three Months Ended December 31,
(in thousands, except per share amounts)	2021		2020

Basic earnings per common share:
Net income - basic	$	15,721	$	4,299
Weighted shares outstanding - basic	56,183		55,361
Basic earnings per common share	$	0.28	$	0.08

Diluted earnings per common share:
Net income - basic	$	15,721	$	4,299
Add: Convertible Notes interest expense, net of tax	1,884		—
Net income - diluted	$	17,605	$	4,299
Weighted shares outstanding - basic	56,183		55,361
Effect of dilution from equity-based compensation awards*	541		67
Effect of dilution from if-converted Convertible Notes**	25,224		—
Weighted shares outstanding - diluted	81,948		55,428
Diluted earnings per common share	$	0.21	$	0.08

Potential common shares excluded from the calculation of diluted earnings per share above:
Restricted stock***	1,936		657

* Includes time-based share-based awards and performance based awards for which targets for fiscal year tranches have been achieved and vesting is subject only to achievement of service conditions.

** See Note 8 for conversion price and initial conversion rate of the 2024 Convertible Notes and 2025 Convertible Notes.

*** Includes antidilutive share-based awards as well as performance-based share-based awards that are contingently issuable, but for which the condition for issuance has not been met as of the end of the reporting period.

As a result of our adoption of ASU 2020-06 on October 1, 2021, the dilutive impact of the Convertible Notes for our calculation of diluted net income per share is considered using the if-converted method. During the three months ended December 31, 2021, we increased net income by $1.9 million to arrive at the numerator used to calculate diluted earnings per common share, which represents interest expense recognized on the convertible notes that were subject to this change in methodology. For periods prior to our October 1, 2021 adoption of ASU 2020-06, we applied the treasury stock method to account for the dilutive impact of the 2024 and 2025 Convertible Notes for diluted earnings per share purposes

Leases

3 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

NOTE 5: LEASES

We determine if a contract contains a lease at inception. Our lease portfolio consists primarily of operating leases for pawn store locations and corporate offices with lease terms ranging from three to ten years.

The information below provides a summary of our leasing activities. See Note 12 in our 2021 Annual Report for additional information about our leasing activities. The table below presents balances of our operating leases:


(in thousands)	December 31, 2021		December 31, 2020		September 30, 2021

Right-of-use asset	$	201,527	$	177,308	$	200,990



Lease liability, current	$	51,843	$	45,351	$	52,263
Lease liability, non-current	161,841		143,620		161,330
Total lease liability	$	213,684	$	188,971	$	213,593

The table below provides the composition of our lease costs:


	Three Months Ended December 31,
(in thousands)	2021		2020

Operating lease expense*	$	16,362	$	15,199
Variable lease expense	3,542		3,045

Total lease expense	$	19,904	$	18,244
* Includes sublease rental income.

Lease expense is recognized on a straight-line basis over the lease term with variable lease expense recognized in the period in which the costs are incurred. The components of lease expense are included in "Store" and "General and Administrative" expense, based on the underlying lease use.

Other supplemental information includes the following for our operating leases:


	Three Months Ended December 31,
	2021		2020

Weighted-average remaining contractual lease term (years)	5.05		5.06
Weighted-average incremental borrowing rate	8.10	%	7.85	%

Maturities of lease liabilities as of December 31, 2021 were as follows (in thousands):


Remaining 2022	$	50,171
Fiscal 2023	58,474
Fiscal 2024	46,262
Fiscal 2025	35,686
Fiscal 2026	26,164
Thereafter	43,418
Total lease payments	$	260,175
Less: Portion representing interest	46,491
Present value of operating lease liabilities	$	213,684
Less: Current portion	51,843
Non-current portion	$	161,841

We recorded $14.3 million and $1.6 million in non-cash additions to our right of use assets and lease liabilities for the three months ended December 31, 2021 and December 31, 2020, respectively.

Strategic Investments

3 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Strategic Investments

NOTE 6: STRATEGIC INVESTMENTS

Cash Converters International Limited

On October 1, 2021, we purchased an additional 13 million shares of Cash Converters International Limited ("Cash Converters") for $2.5 million. This purchase increased our total ownership in Cash Converters to 236,702,991 shares, representing a 37.72% ownership interest. Additionally, on October 14, 2021, we received a cash dividend of $1.7 million from Cash Converters.

The following tables present summary financial information for Cash Converters most recently reported results at June 30, 2021 after translation to U.S. dollars:


	June 30,
(in thousands)	2021		2020

Current assets	$	167,553	$	157,183
Non-current assets	191,788		172,833
Total assets	$	359,341	$	330,016

Current liabilities	$	61,395	$	68,028
Non-current liabilities	57,511		51,275
Shareholders’ equity	240,435		210,713
Total liabilities and shareholders’ equity	$	359,341	$	330,016


	Half-Year Ended June 30,
(in thousands)	2021		2020

Gross revenues	$	150,165	$	187,025
Gross profit	105,851		112,511
Net profit (loss)	12,081		(7,032)

See Note 7 for the fair value and carrying value of our investment in Cash Converters.

Founders One, LLC

On October 6, 2021, the Company invested $15.0 million in exchange for a non-redeemable voting participating preferred equity interest in Founders One, LLC (“Founders”), a newly-formed entity with one other member. Founders used that $15.0 million to acquire an equity interest in Simple Management Group, Inc. (“SMG”) which owns and operates more than 20 pawn stores principally in the Caribbean region, with plans to build and acquire more stores in that region. The investment in Founders is a variable interest entity but for which the Company is not the primary beneficiary and, therefore, is not consolidated. Further, as we are not the appointed manager, we do not have the ability to direct the activities of the investment entity that most significantly impact its economic performance. This investment in Founders is accounted for utilizing the measurement alternative within ASC 321, Investments — Equity Securities. Our $15.0 million carrying value of the investment is included in “Other Investments” in our consolidated balance sheets. The Company’s maximum exposure for losses in this investment is its contributed investment of $15.0 million.

See Note 7 for the fair value and carrying value of our investment in Founders.

Fair Value Measurements

3 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 7: FAIR VALUE MEASUREMENTS

The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories:

•Level 1 — Quoted market prices in active markets for identical assets or liabilities.

•Level 2 — Other observable market-based inputs or unobservable inputs that are corroborated by market data.

•Level 3 — Unobservable inputs that are not corroborated by market data.

We have elected not to measure at fair value any eligible items for which fair value measurement is optional.

There were no transfers in or out of Level 1, Level 2 or Level 3 for financial assets or liabilities measured at fair value on a recurring basis during the periods presented.

Financial Assets and Liabilities Not Measured at Fair Value

The tables below present our estimates of fair value of financial assets and liabilities that were not measured at fair value:


	Carrying Value		Estimated Fair Value
	December 31, 2021		December 31, 2021		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	$	1,190	$	1,190	$	—	$	—	$	1,190
Investments in unconsolidated affiliates	42,513		52,671		45,650		—		7,021
Other investments	16,500		16,500		—		—		16,500
Financial liabilities:
2024 Convertible Notes	$	142,106	$	147,063	$	—	$	147,063	$	—
2025 Convertible Notes	169,738		155,060		—		155,060		—


	Carrying Value		Estimated Fair Value
	December 31, 2020		December 31, 2020		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	1,156		1,156		—		—		1,156
Investments in unconsolidated affiliates	31,773		44,716		37,039		—		7,677

Financial liabilities:
2024 Convertible Notes	$	118,736	$	134,838	$	—	$	134,838	$	—
2025 Convertible Notes	134,983		138,000		—		138,000		—
8.5% unsecured debt due 2024	816		816		—		—		816


	Carrying Value		Estimated Fair Value
	September 30, 2021		September 30, 2021		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	$	1,181	$	1,181	$	—	$	—	$	1,181
Investments in unconsolidated affiliates	37,724		48,954		41,638		—		7,316

Financial liabilities:
2024 Convertible Notes	$	123,543	$	153,281	$	—	$	153,281	$	—
2025 Convertible Notes	140,643		155,250		—		155,250		—

Due to the short-term nature of cash and cash equivalents, pawn loans, pawn service charges receivable and other debt, we estimate that the carrying value approximates fair value. We consider our cash and cash equivalents to be measured using Level 1 inputs and our pawn loans, pawn service charges receivable and other debt to be measured using Level 3 inputs. Significant increases or decreases in the underlying assumptions used to value pawn loans, pawn service charges receivable, consumer loans, fees and interest receivable and other debt could significantly increase or decrease these fair value estimates.

Included in “Accounts payable, accrued expenses and other current liabilities“ in our Consolidated Balance Sheets is $4.6 million which represents the fair value of acquisition-related contingent consideration as discussed in Note 2: Acquisitions. The key assumptions used to determine the fair value of acquisition-related contingent consideration are estimated by management, not observable in the market and, therefore considered Level 3 inputs within the fair value hierarchy.

In March 2019, we received $1.1 million in previously escrowed seller funds as a result of settling certain indemnification claims with the seller of GPMX. In April 2019, we loaned the $1.1 million back to the seller of GPMX in exchange for a promissory note. The note bears interest at the rate of 2.89% per annum and is secured by certain marketable securities owned by the seller and held in a U.S. brokerage account. All principal and accrued interest is due and payable in April 2024. The fair value of the note approximated its carrying value as of December 31, 2021.

We use the equity method of accounting to account for our 37.72% ownership in Cash Converters International. The inputs used to generate the fair value of the investment in Cash Converters were considered Level 1 inputs. These inputs consist of (a) the quoted stock price on the

Australian Stock Exchange multiplied by (b) the number of shares we owned multiplied by (c) the applicable foreign currency exchange rate as of the end of our reporting period. We included no control premium for owning a large percentage of outstanding shares.

We use the equity method of accounting to account for our 13.14% ownership in Rich Data Corporation, a previously consolidated variable interest entity for which we no longer have the power to direct the activities that most significantly affect its economic performance. We believe its fair value approximated carrying value although such fair value is highly variable and includes significant unobservable inputs.

Of the $16.5 million included in the table above, $15.0 million is related the investment in Founders. We believe the investment's fair value approximated it's carrying value although such fair value is highly variable and includes significant unobservable inputs.

We measured the fair value of the 2024 and 2025 Convertible Notes using quoted price inputs. The notes are not actively traded, and thus the price inputs represent a Level 2 measurement. As the quoted price inputs are highly variable from day to day, the fair value estimates disclosed above could significantly increase or decrease.

In September 2020, we received the final payment from AlphaCredit on the notes receivable related to the sale of Grupo Finmart and recorded the amount under “Restricted cash” in our consolidated balance sheet as of December 31, 2021. In August 2019, AlphaCredit notified us of an indemnity claim for certain pre-closing taxes, but the nature, extent and validity of such claim has yet to be determined.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Debt

3 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Debt

NOTE 8: DEBT

The Company adopted ASU 2020-06 on October 1, 2021. See Note 1 for further discussion of this recently adopted accounting policy.

The following table presents the Company's debt instruments outstanding:


	December 31, 2021						December 31, 2020						September 30, 2021
(in thousands)	Gross Amount		Debt Issuance Costs		Carrying Amount		Gross Amount		Debt Discount and Issuance Costs		Carrying Amount		Gross Amount		Debt Discount and Issuance Costs		Carrying Amount

2024 Convertible Notes	$	143,750	$	(1,644)	$	142,106	$	143,750	$	(25,014)	$	118,736	$	143,750	$	(20,207)	$	123,543
2025 Convertible Notes	172,500		(2,762)		169,738		172,500		(37,517)		134,983		172,500		(31,857)		140,643
8.5% unsecured debt due 2024*	—		—		—		816		—		816		—		—		—
Total	$	316,250	$	(4,406)	$	311,844	$	317,066	$	(62,531)	$	254,535	$	316,250	$	(52,064)	$	264,186
Less current portion	—		—		—		213		—		213		—		—		—
Total long-term debt	$	316,250	$	(4,406)	$	311,844	$	316,853	$	(62,531)	$	254,322	$	316,250	$	(52,064)	$	264,186

* Amount translated from Guatemalan quetzals as of applicable period end. Debt was repaid before maturity the date in January 2021.

The following table presents the Company's contractual maturities related to the debt instruments as of December 31, 2021:


	Schedule of Contractual Maturities
(in thousands)	Total		Less Than 1 Year		1 - 3 Years		3 - 5 Years		More Than 5 Years

2024 Convertible Notes	$	143,750	$	—	$	143,750	$	—	$	—
2025 Convertible Notes	172,500		—		—		172,500		—

	$	316,250	$	—	$	143,750	$	172,500	$	—

The following table presents the Company's interest expense related to the Convertible Notes for the three months ended December 31, 2021 and 2020:


	Three Months Ended December 31,
(in thousands)	2021		2020

2024 Convertible Notes:
Contractual interest expense	$	1,033	$	1,033
Amortization of deferred financing costs	167		112
Amortization of debt discount	—		1,430
Total interest expense	$	1,200	$	2,575

2025 Convertible Notes:
Contractual interest expense	$	1,024	$	1,024
Amortization of deferred financing costs	207		140
Amortization of debt discount	—		1,679
Total interest expense	$	1,231	$	2,843

2.875% Convertible Senior Notes Due 2024

In July 2017, we issued $143.75 million aggregate principal amount of 2.875% Convertible Senior Notes Due 2024 (the “2024 Convertible Notes”). The 2024 Convertible Notes were issued pursuant to an indenture dated July 5, 2017 (the "2017 Indenture") by and between the Company and Wells Fargo Bank, National Association, as the original trustee. Effective October 1, 2019, Truist (formerly BB&T) assumed the duties and responsibilities as trustee under the 2017 Indenture. The 2024 Convertible Notes were issued in a private offering under Rule 144A under the Securities Act of 1933. The 2024 Convertible Notes pay interest semi-annually in arrears at a rate of 2.875% per annum on January 1 and July 1 of each year, commencing January 1, 2018, and mature on July 1, 2024 (the "2024 Maturity Date"), unless converted, redeemed or repurchased in accordance with the terms prior to such date. At maturity, the holders of the 2024 Convertible Notes will be entitled to receive cash equal to the principal of the 2024 Convertible Notes plus accrued interest.

The effective interest rate for the three months ended December 31, 2021 was approximately 3.35%. As of December 31, 2021, the remaining unamortized debt issuance costs will be amortized using the effective interest method through the 2024 Maturity Date assuming no early conversion.

The 2024 Convertible Notes are convertible based on an initial conversion rate of 100 shares of Class A Common Stock per $1,000 principal amount (equivalent to an initial conversion price of $10.00 per share). The conversion rate will not be adjusted for any accrued and unpaid interest. The 2024 Convertible Notes contain certain make-whole fundamental change premiums and customary anti-dilution adjustments. Upon conversion, we may settle in cash, shares of Class A Common Stock or any combination thereof, at our election.

Prior to January 1, 2024, the 2024 Convertible Notes will be convertible only under the following circumstances: (1) during any fiscal quarter commencing after the fiscal quarter ending on September 30, 2017 (and only during such fiscal quarter), if the last reported sale price of our Class A Common Stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period (the “measurement period”) in which the trading price, as defined in the 2017 Indenture, per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our Class A Common Stock and the conversion rate on such trading day; (3) if we call any or all of the 2024 Convertible Notes for redemption, at any time prior to the close of business on the business day immediately preceding the redemption date; or (4) upon the occurrence of specified corporate events, as defined in the 2017 Indenture. On or after January 1, 2024 until the close of business on the business day immediately preceding the 2024 Maturity Date, holders of 2024 Convertible Notes may, at their option, convert their 2024 Convertible Notes at any time, regardless of the foregoing circumstances.

At our option, we may redeem for cash all or any portion of the 2024 Convertible Notes on or after July 6, 2021, if the last reported sale price of the Class A Common Stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption. The redemption price will be equal to 100% of the principal amount of the 2024 Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

The stock trading price condition and other triggers are measured on a quarter-by-quarter basis and were not met as of December 31, 2021. As of December 31, 2021, the if-converted value of the 2024 Convertible Notes did not exceed the principal amount.

2.375% 2025 Convertible Senior Notes Due 2025

In May 2018, we issued $172.5 million aggregate principal amount of 2.375% Convertible Senior Notes Due 2025 (the “2025 Convertible Notes”). The 2025 Convertible Notes were issued pursuant to an indenture dated May 14, 2018 (the "2018 Indenture") by and between the Company and Wells Fargo Bank, National Association, as the original trustee. Effective October 1, 2019, Truist (formerly BB&T) assumed the duties and responsibilities as trustee under the 2018 Indenture. The 2025 Convertible Notes were issued in a private offering under Rule 144A under the Securities Act of 1933. The 2025 Convertible Notes pay interest semi-annually in arrears at a rate of 2.375% per annum on May 1 and November 1 of each year, commencing November 1, 2018, and mature on May 1, 2025 (the "2025 Maturity Date"), unless converted, redeemed or repurchased in accordance with the terms prior to such date.

The effective interest rate for the three months ended December 31, 2021 was approximately 2.88% for the 2025 Convertible Notes. As of December 31, 2021, the remaining unamortized debt issuance costs will be amortized using the effective interest method through the 2025 Maturity Date assuming no early conversion.

The 2025 Convertible Notes are convertible based on an initial conversion rate of 62.8931 shares of Class A Common Stock per $1,000 principal amount (equivalent to an initial conversion price of $15.90 per share). The conversion rate will not be adjusted for any accrued and unpaid interest. The 2025 Convertible Notes contain certain make-whole fundamental change premiums and customary anti-dilution adjustments. Upon conversion, we may settle in cash, shares of Class A Common Stock or any combination thereof, at our election.

Prior to November 1, 2024, the 2025 Convertible Notes are convertible only under the following circumstances: (1) during any fiscal quarter commencing after the fiscal quarter ended on June 30, 2018 (and only during such fiscal quarter), if the last reported sale price of our Class A Common Stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period (the “measurement period”) in which the trading price, as defined in the 2018 Indenture, per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our Class A Common Stock and the conversion rate on such trading day; (3) if we call any or all of the 2025 Convertible Notes for redemption, at any time prior to the close of business on the business day immediately preceding the redemption date; or (4) upon the occurrence of specified corporate events, as defined in the 2018 Indenture. On or after November 1, 2024 until the close of business on the business day immediately preceding the 2025 Maturity Date, holders of 2025 Convertible Notes may, at their option, convert their 2025 Convertible Notes at any time, regardless of the foregoing circumstances.

We may not redeem the 2025 Convertible Notes prior to May 1, 2022. At our option, we may redeem for cash all or any portion of the 2025 Convertible Notes on or after May 1, 2022, if the last reported sale price of the Class A Common Stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption. The redemption price will be equal to 100% of the principal amount of the 2025 Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

The stock trading price condition and other triggers are measured on a quarter-by-quarter basis and were not met as of December 31, 2021. As of December 31, 2021, the if-converted value of the 2025 Convertible Notes did not exceed the principal amount.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Share-Based Compensation

3 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Share-Based Compensation

NOTE 9: SHARE-BASED COMPENSATION

Common Stock Repurchase Program

In December 2019, the Company's Board of Directors (the "Board") authorized the repurchase of up to $60.0 million of our Class A Common Stock over three years. During fiscal 2020, we repurchased and retired 943,149 shares of our Class A Common Stock for $5.2 million, which was allocated between "Additional paid-in capital" and "Retained earnings" in our condensed consolidated balance sheets. Repurchases under the program were suspended in March 2020 in order to preserve liquidity as a result of uncertainties related to the COVID-19 pandemic and no further share repurchases have been made since March of 2020.

Stock Compensation

We maintain a Board-approved incentive plan to retain the services of our valued officers, directors and employees and to incentivize such persons to make contributions to our company and motivate excellent performance (the "Incentive Plan"). Under the Incentive Plan, we grant awards of restricted stock or restricted stock units to employees and non-employee directors. Awards granted to employees are typically subject to performance and service conditions. Awards granted to non-employee directors are time-based awards subject only to service conditions. Awards granted under the Incentive Plan are measured at the grant date fair value with compensation costs associated with the awards recognized over the requisite service period, usually the vesting period, on a straight-line basis.

The following table presents a summary of stock compensation activity:


	Shares	Weighted Average Grant Date Fair Value

Outstanding as of September 30, 2021	2,218,777	$	4.86
Granted	1,208,046	7.65
Released (a)	(358,883)	4.68
Cancelled	—	—
Outstanding as of December 31, 2021	3,067,940	$	5.86

(a) 101,103 shares were withheld to satisfy related income tax withholding.

Contingencies	3 Months Ended
Contingencies	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingencies	NOTE 10: CONTINGENCIES Currently, and from time to time, we are involved in various claims, disputes, lawsuits, investigations, and legal and regulatory proceedings. We accrue for contingencies if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Because these matters are inherently unpredictable and unfavorable developments or resolutions can occur, assessing contingencies requires judgments and is highly subjective about future events. The amount of resulting loss may differ from these estimates. While we are unable to determine the ultimate outcome of any current litigation or regulatory actions, we do not believe the resolution of any particular matter will have a material adverse effect on our financial condition, results of operations or liquidity.

Segment Information

3 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Information

NOTE 11: SEGMENT INFORMATION

Our operations are primarily managed on a geographical basis and are comprised of three reportable segments. The factors for determining our reportable segments include the manner in which our chief operating decision maker (CODM) evaluates performance for purposes of allocating resources and assessing performance.

We currently report our segments as follows:

•U.S. Pawn — all pawn activities in the United States;

•Latin America Pawn — all pawn activities in Mexico and other parts of Latin America; and

•Other Investments — primarily our equity interest in the net income of Cash Converters International and Rich Data Corporation along with our investment in Founders.

There are no inter-segment revenues presented below, and the amounts below were determined in accordance with the same accounting principles used in our condensed consolidated financial statements.

The following tables present revenue for each reportable segment, disaggregated revenue within our three reportable segments and Corporate, segment profits and segment contribution.


	Three Months Ended December 31, 2021
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	102,078	$	35,642	$	—	$	137,720	$	—	$	137,720
Jewelry scrapping sales	4,980		1,964		—		6,944		—		6,944
Pawn service charges	56,557		19,468		—		76,025		—		76,025
Other revenues	22		240		43		305		—		305
Total revenues	163,637		57,314		43		220,994		—		220,994
Merchandise cost of goods sold	57,832		25,279		—		83,111		—		83,111
Jewelry scrapping cost of goods sold	3,975		1,797		—		5,772		—		5,772

Net revenues	101,830		30,238		43		132,111		—		132,111
Segment and corporate expenses (income):
Store expenses	64,689		22,082		—		86,771		—		86,771
General and administrative	—		—		—		—		15,545		15,545

Depreciation and amortization	2,670		1,980		—		4,650		2,924		7,574
Loss on sale or disposal of assets and other	—		5		—		5		—		5

Interest expense	—		—		—		—		2,431		2,431
Interest income	—		(182)		—		(182)		(122)		(304)
Equity in net income of unconsolidated affiliates	—		—		(1,138)		(1,138)		—		(1,138)

Other (income) expense	—		(134)		(12)		(146)		26		(120)
Segment contribution	$	34,471	$	6,487	$	1,193	$	42,151
Income (loss) before income taxes							$	42,151	$	(20,804)	$	21,347


	Three Months Ended December 31, 2020
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	82,253	$	25,530	$	—	$	107,783	$	—	$	107,783
Jewelry scrapping sales	4,004		2,755		—		6,759		—		6,759
Pawn service charges	50,220		13,269		—		63,489		—		63,489
Other revenues	22		7		75		104		—		104
Total revenues	136,499		41,561		75		178,135		—		178,135
Merchandise cost of goods sold	48,059		16,484		—		64,543		—		64,543
Jewelry scrapping cost of goods sold	2,844		2,358		—		5,202		—		5,202

Net revenues	85,596		22,719		75		108,390		—		108,390
Segment and corporate expenses (income):
Store expenses	62,092		17,217		—		79,309		—		79,309
General and administrative	—		—		—		—		12,510		12,510

Depreciation and amortization	2,736		1,860		—		4,596		2,976		7,572
Loss (gain) on sale or disposal of assets and other	27		(101)		—		(74)		52		(22)

Interest expense	—		—		—		—		5,455		5,455
Interest income	—		(764)		—		(764)		(57)		(821)
Equity in net income of unconsolidated affiliates	—		—		(516)		(516)		—		(516)

Other (income) expense	—		(455)		(210)		(665)		66		(599)
Segment contribution	$	20,741	$	4,962	$	801	$	26,504
Income (loss) before income taxes							$	26,504	$	(21,002)	$	5,502

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Supplemental Consolidated Financial Information

3 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Consolidated Financial Information

NOTE 12: SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

The following table provides supplemental information on net amounts included in our condensed consolidated balance sheets:


(in thousands)	December 31, 2021		December 31, 2020		September 30, 2021

Gross pawn service charges receivable	$	38,040	$	31,721	$	37,360
Allowance for uncollectible pawn service charges receivable	(8,275)		(6,896)		(8,023)
Pawn service charges receivable, net	$	29,765	$	24,825	$	29,337

Gross inventory	$	124,286	$	106,053	$	115,300
Inventory reserves	(4,973)		(11,073)		(4,311)
Inventory, net	$	119,313	$	94,980	$	110,989

Prepaid expenses and other	$	10,614	$	8,079	$	5,386
Accounts receivable and other	6,258		9,546		9,322
Income taxes receivable	14,337		15,199		16,302
Prepaid expenses and other current assets	$	31,209	$	32,824	$	31,010

Property and equipment, gross	$	288,285	$	274,071	$	284,867
Accumulated depreciation	(236,084)		(218,867)		(231,056)
Property and equipment, net	$	52,201	$	55,204	$	53,811

Accounts payable	$	18,925	$	17,169	$	22,462
Accrued payroll	11,486		12,061		9,093
Incentive accrual	5,158		3,866		16,868
Other payroll related expenses	7,964		10,798		10,695
Accrued sales and VAT taxes	9,704		10,295		10,936
Accrued Income Taxes Payable	6,024		611		3,826
Other current liabilities	16,270		12,977		16,388
Accounts payable, accrued expenses and other current liabilities	$	75,531	$	67,777	$	90,268

Organization and Summary of Significant Accounting Policies (Policies)

3 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Basis of Presentation and Principles of Consolidation

Basis of Presentation

Principles of Consolidation

Use of Estimates

Use of Estimates The preparation of financial statements in conformity with U.S. GAAP 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 reporting period. Such estimates and assumptions include the determination of inventory reserves, expected credit losses, useful lives of long-lived and intangible assets, valuation of share-based compensation, valuation of equity investments, valuation of deferred tax assets and liabilities, loss contingencies related to litigation and discount rates used for operating leases. Actual results may result in actual amounts differing from reported amounts.

Recently Adopted Accounting Policies and Recently Issued Accounting Pronouncements

Recently Adopted Accounting Policies

Impact of the Adoption of ASU 2020-06


(in thousands)	As Reported September 30, 2021		Adjustments		Under ASU 2020-06 October 1, 2021
Principal	$	316,250	$	—	$	316,250
Unamortized debt discount	(48,785)		48,785		—
Deferred financing costs, net	(3,279)		(1,500)		(4,779)
Net carrying amount	264,186		47,285		311,471

Deferred tax asset	9,746		5,839		15,585
Deferred tax liability	3,684		(4,040)		(356)

Additional paid-in capital	403,312		(64,263)		339,049
Retained earnings	326,781		26,857		353,638

Recently Issued Accounting Pronouncements

We reviewed all recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a material impact on our consolidated financial statements.

Organization and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Accounting Standards Update and Change in Accounting Principle

We recognized the cumulative effect of initially applying this new standard as of October 1, 2021. We recognized a cumulative effect of initially applying the ASU as an adjustment to the October 1, 2021 opening balance of retained earnings. The conversion option that was previously accounted for in equity under the cash conversion model was recombined into the convertible debt outstanding, and as a result, additional paid in capital and the related unamortized debt discount on the convertible senior notes were reduced. The removal of the remaining debt discounts recorded for this previous separation has the effect of increasing our net debt balance. The prior period consolidated financial statements have not been retrospectively adjusted and continue to be reported under the accounting standards in effect for those periods.


(in thousands)	As Reported September 30, 2021		Adjustments		Under ASU 2020-06 October 1, 2021
Principal	$	316,250	$	—	$	316,250
Unamortized debt discount	(48,785)		48,785		—
Deferred financing costs, net	(3,279)		(1,500)		(4,779)
Net carrying amount	264,186		47,285		311,471

Deferred tax asset	9,746		5,839		15,585
Deferred tax liability	3,684		(4,040)		(356)

Additional paid-in capital	403,312		(64,263)		339,049
Retained earnings	326,781		26,857		353,638

Acquisitions (Tables)

3 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Price Allocation

The purchase price allocation is as follows, in thousands:


Cash and cash equivalents	$	308
Pawn loans	4,619
Pawn service charges receivable	1,335
Inventory	1,319
Property and equipment	2,025
Right-of-use assets	10,651
Goodwill	24,778
Intangible assets	3,965
Deferred tax asset, net	381
Other assets	746
Accounts payable, accrued expenses and other liabilities	(2,290)
Debt	(14,931)
Lease liabilities	(10,651)
Total consideration	$	22,255

Goodwill (Tables)

3 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes the changes in the carrying amount of goodwill by segment and in total:


	Three Months Ended December 31, 2021
(in thousands)	U.S. Pawn		Latin America Pawn		Consolidated

Balances as of September 30, 2021	$	244,471	$	41,287	$	285,758

Measurement period adjustments	—		(1,322)		(1,322)

Effect of foreign currency translation changes	—		183		183
Balances as of December 31, 2021	$	244,471	$	40,148	$	284,619


	Three Months Ended December 31, 2020
(in thousands)	U.S. Pawn		Latin America Pawn		Consolidated

Balances as of September 30, 2020	$	241,928	$	15,654	$	257,582
Effect of foreign currency translation changes	—		871		871


Balances as of December 31, 2020	$	241,928	$	16,525	$	258,453

Earnings per Share (Tables)

3 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Net Components of Basic and Diluted Earnings Per Share

The following table reconciles the number of common shares used to compute basic and diluted earnings per share attributable to EZCORP Inc., shareholders:


	Three Months Ended December 31,
(in thousands, except per share amounts)	2021		2020

Basic earnings per common share:
Net income - basic	$	15,721	$	4,299
Weighted shares outstanding - basic	56,183		55,361
Basic earnings per common share	$	0.28	$	0.08

Diluted earnings per common share:
Net income - basic	$	15,721	$	4,299
Add: Convertible Notes interest expense, net of tax	1,884		—
Net income - diluted	$	17,605	$	4,299
Weighted shares outstanding - basic	56,183		55,361
Effect of dilution from equity-based compensation awards*	541		67
Effect of dilution from if-converted Convertible Notes**	25,224		—
Weighted shares outstanding - diluted	81,948		55,428
Diluted earnings per common share	$	0.21	$	0.08

Potential common shares excluded from the calculation of diluted earnings per share above:
Restricted stock***	1,936		657

* Includes time-based share-based awards and performance based awards for which targets for fiscal year tranches have been achieved and vesting is subject only to achievement of service conditions.

** See Note 8 for conversion price and initial conversion rate of the 2024 Convertible Notes and 2025 Convertible Notes.

Leases (Tables)

3 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Lessee Assets and Liabilities

The table below presents balances of our operating leases:


(in thousands)	December 31, 2021		December 31, 2020		September 30, 2021

Right-of-use asset	$	201,527	$	177,308	$	200,990



Lease liability, current	$	51,843	$	45,351	$	52,263
Lease liability, non-current	161,841		143,620		161,330
Total lease liability	$	213,684	$	188,971	$	213,593

Schedule of Lease Cost

The table below provides the composition of our lease costs:


	Three Months Ended December 31,
(in thousands)	2021		2020

Operating lease expense*	$	16,362	$	15,199
Variable lease expense	3,542		3,045

Total lease expense	$	19,904	$	18,244
* Includes sublease rental income.

Other supplemental information includes the following for our operating leases:


	Three Months Ended December 31,
	2021		2020

Weighted-average remaining contractual lease term (years)	5.05		5.06
Weighted-average incremental borrowing rate	8.10	%	7.85	%

Schedule of Operating Lease Maturity

Maturities of lease liabilities as of December 31, 2021 were as follows (in thousands):


Remaining 2022	$	50,171
Fiscal 2023	58,474
Fiscal 2024	46,262
Fiscal 2025	35,686
Fiscal 2026	26,164
Thereafter	43,418
Total lease payments	$	260,175
Less: Portion representing interest	46,491
Present value of operating lease liabilities	$	213,684
Less: Current portion	51,843
Non-current portion	$	161,841

Strategic Investments (Tables)

3 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The following tables present summary financial information for Cash Converters most recently reported results at June 30, 2021 after translation to U.S. dollars:


	June 30,
(in thousands)	2021		2020

Current assets	$	167,553	$	157,183
Non-current assets	191,788		172,833
Total assets	$	359,341	$	330,016

Current liabilities	$	61,395	$	68,028
Non-current liabilities	57,511		51,275
Shareholders’ equity	240,435		210,713
Total liabilities and shareholders’ equity	$	359,341	$	330,016


	Half-Year Ended June 30,
(in thousands)	2021		2020

Gross revenues	$	150,165	$	187,025
Gross profit	105,851		112,511
Net profit (loss)	12,081		(7,032)

Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Financial Assets, Temporary Equity, and Liabilities Not Measured at Fair Value in the Consolidated Balance Sheet

The tables below present our estimates of fair value of financial assets and liabilities that were not measured at fair value:


	Carrying Value		Estimated Fair Value
	December 31, 2021		December 31, 2021		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	$	1,190	$	1,190	$	—	$	—	$	1,190
Investments in unconsolidated affiliates	42,513		52,671		45,650		—		7,021
Other investments	16,500		16,500		—		—		16,500
Financial liabilities:
2024 Convertible Notes	$	142,106	$	147,063	$	—	$	147,063	$	—
2025 Convertible Notes	169,738		155,060		—		155,060		—


	Carrying Value		Estimated Fair Value
	December 31, 2020		December 31, 2020		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	1,156		1,156		—		—		1,156
Investments in unconsolidated affiliates	31,773		44,716		37,039		—		7,677

Financial liabilities:
2024 Convertible Notes	$	118,736	$	134,838	$	—	$	134,838	$	—
2025 Convertible Notes	134,983		138,000		—		138,000		—
8.5% unsecured debt due 2024	816		816		—		—		816


	Carrying Value		Estimated Fair Value
	September 30, 2021		September 30, 2021		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	$	1,181	$	1,181	$	—	$	—	$	1,181
Investments in unconsolidated affiliates	37,724		48,954		41,638		—		7,316

Financial liabilities:
2024 Convertible Notes	$	123,543	$	153,281	$	—	$	153,281	$	—
2025 Convertible Notes	140,643		155,250		—		155,250		—

Debt (Tables)

3 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long Term Debt Instruments

The Company adopted ASU 2020-06 on October 1, 2021. See Note 1 for further discussion of this recently adopted accounting policy.

The following table presents the Company's debt instruments outstanding:


	December 31, 2021						December 31, 2020						September 30, 2021
(in thousands)	Gross Amount		Debt Issuance Costs		Carrying Amount		Gross Amount		Debt Discount and Issuance Costs		Carrying Amount		Gross Amount		Debt Discount and Issuance Costs		Carrying Amount

2024 Convertible Notes	$	143,750	$	(1,644)	$	142,106	$	143,750	$	(25,014)	$	118,736	$	143,750	$	(20,207)	$	123,543
2025 Convertible Notes	172,500		(2,762)		169,738		172,500		(37,517)		134,983		172,500		(31,857)		140,643
8.5% unsecured debt due 2024*	—		—		—		816		—		816		—		—		—
Total	$	316,250	$	(4,406)	$	311,844	$	317,066	$	(62,531)	$	254,535	$	316,250	$	(52,064)	$	264,186
Less current portion	—		—		—		213		—		213		—		—		—
Total long-term debt	$	316,250	$	(4,406)	$	311,844	$	316,853	$	(62,531)	$	254,322	$	316,250	$	(52,064)	$	264,186

* Amount translated from Guatemalan quetzals as of applicable period end. Debt was repaid before maturity the date in January 2021.

The following table presents the Company's contractual maturities related to the debt instruments as of December 31, 2021:


	Schedule of Contractual Maturities
(in thousands)	Total		Less Than 1 Year		1 - 3 Years		3 - 5 Years		More Than 5 Years

2024 Convertible Notes	$	143,750	$	—	$	143,750	$	—	$	—
2025 Convertible Notes	172,500		—		—		172,500		—

	$	316,250	$	—	$	143,750	$	172,500	$	—

The following table presents the Company's interest expense related to the Convertible Notes for the three months ended December 31, 2021 and 2020:


	Three Months Ended December 31,
(in thousands)	2021		2020

2024 Convertible Notes:
Contractual interest expense	$	1,033	$	1,033
Amortization of deferred financing costs	167		112
Amortization of debt discount	—		1,430
Total interest expense	$	1,200	$	2,575

2025 Convertible Notes:
Contractual interest expense	$	1,024	$	1,024
Amortization of deferred financing costs	207		140
Amortization of debt discount	—		1,679
Total interest expense	$	1,231	$	2,843

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69B
-URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69E
-URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644

+ Details

Share-Based Compensation (Tables)

3 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Restricted Stock Award Activity

The following table presents a summary of stock compensation activity:


	Shares	Weighted Average Grant Date Fair Value

Outstanding as of September 30, 2021	2,218,777	$	4.86
Granted	1,208,046	7.65
Released (a)	(358,883)	4.68
Cancelled	—	—
Outstanding as of December 31, 2021	3,067,940	$	5.86

(a) 101,103 shares were withheld to satisfy related income tax withholding.

Segment Information (Tables)

3 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Operating Segment Information

The following tables present revenue for each reportable segment, disaggregated revenue within our three reportable segments and Corporate, segment profits and segment contribution.


	Three Months Ended December 31, 2021
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	102,078	$	35,642	$	—	$	137,720	$	—	$	137,720
Jewelry scrapping sales	4,980		1,964		—		6,944		—		6,944
Pawn service charges	56,557		19,468		—		76,025		—		76,025
Other revenues	22		240		43		305		—		305
Total revenues	163,637		57,314		43		220,994		—		220,994
Merchandise cost of goods sold	57,832		25,279		—		83,111		—		83,111
Jewelry scrapping cost of goods sold	3,975		1,797		—		5,772		—		5,772

Net revenues	101,830		30,238		43		132,111		—		132,111
Segment and corporate expenses (income):
Store expenses	64,689		22,082		—		86,771		—		86,771
General and administrative	—		—		—		—		15,545		15,545

Depreciation and amortization	2,670		1,980		—		4,650		2,924		7,574
Loss on sale or disposal of assets and other	—		5		—		5		—		5

Interest expense	—		—		—		—		2,431		2,431
Interest income	—		(182)		—		(182)		(122)		(304)
Equity in net income of unconsolidated affiliates	—		—		(1,138)		(1,138)		—		(1,138)

Other (income) expense	—		(134)		(12)		(146)		26		(120)
Segment contribution	$	34,471	$	6,487	$	1,193	$	42,151
Income (loss) before income taxes							$	42,151	$	(20,804)	$	21,347


	Three Months Ended December 31, 2020
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	82,253	$	25,530	$	—	$	107,783	$	—	$	107,783
Jewelry scrapping sales	4,004		2,755		—		6,759		—		6,759
Pawn service charges	50,220		13,269		—		63,489		—		63,489
Other revenues	22		7		75		104		—		104
Total revenues	136,499		41,561		75		178,135		—		178,135
Merchandise cost of goods sold	48,059		16,484		—		64,543		—		64,543
Jewelry scrapping cost of goods sold	2,844		2,358		—		5,202		—		5,202

Net revenues	85,596		22,719		75		108,390		—		108,390
Segment and corporate expenses (income):
Store expenses	62,092		17,217		—		79,309		—		79,309
General and administrative	—		—		—		—		12,510		12,510

Depreciation and amortization	2,736		1,860		—		4,596		2,976		7,572
Loss (gain) on sale or disposal of assets and other	27		(101)		—		(74)		52		(22)

Interest expense	—		—		—		—		5,455		5,455
Interest income	—		(764)		—		(764)		(57)		(821)
Equity in net income of unconsolidated affiliates	—		—		(516)		(516)		—		(516)

Other (income) expense	—		(455)		(210)		(665)		66		(599)
Segment contribution	$	20,741	$	4,962	$	801	$	26,504
Income (loss) before income taxes							$	26,504	$	(21,002)	$	5,502

Supplemental Consolidated Financial Information (Tables)

3 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Information on Accounts Receivable, Net, Inventories, Net, Property and Equipment, Net

The following table provides supplemental information on net amounts included in our condensed consolidated balance sheets:


(in thousands)	December 31, 2021		December 31, 2020		September 30, 2021

Gross pawn service charges receivable	$	38,040	$	31,721	$	37,360
Allowance for uncollectible pawn service charges receivable	(8,275)		(6,896)		(8,023)
Pawn service charges receivable, net	$	29,765	$	24,825	$	29,337

Gross inventory	$	124,286	$	106,053	$	115,300
Inventory reserves	(4,973)		(11,073)		(4,311)
Inventory, net	$	119,313	$	94,980	$	110,989

Prepaid expenses and other	$	10,614	$	8,079	$	5,386
Accounts receivable and other	6,258		9,546		9,322
Income taxes receivable	14,337		15,199		16,302
Prepaid expenses and other current assets	$	31,209	$	32,824	$	31,010

Property and equipment, gross	$	288,285	$	274,071	$	284,867
Accumulated depreciation	(236,084)		(218,867)		(231,056)
Property and equipment, net	$	52,201	$	55,204	$	53,811

Accounts payable	$	18,925	$	17,169	$	22,462
Accrued payroll	11,486		12,061		9,093
Incentive accrual	5,158		3,866		16,868
Other payroll related expenses	7,964		10,798		10,695
Accrued sales and VAT taxes	9,704		10,295		10,936
Accrued Income Taxes Payable	6,024		611		3,826
Other current liabilities	16,270		12,977		16,388
Accounts payable, accrued expenses and other current liabilities	$	75,531	$	67,777	$	90,268

Organization and Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest expense	$ (2,431)	$ (5,455)
Basic earnings per common share (in dollars per share)	$ 0.28	$ 0.08
Diluted earnings per common share (in dollars per share)	$ (0.21)	$ (0.08)
Adjustments \| Accounting Standards Update 2020-06
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest expense	$ 3,400
Basic earnings per common share (in dollars per share)	$ 0.05
Diluted earnings per common share (in dollars per share)	$ 0.02

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1448-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e3842-109258

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e3842-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

+ Details

Organization and Summary of Significant Accounting Policies - Impact of the Adoption (Details) - USD ($)	Dec. 31, 2021	Oct. 01, 2021	Sep. 30, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Principal	$ 316,250,000	$ 316,250,000
Unamortized debt discount		0
Deferred financing costs, net		(4,779,000)
Net carrying amount	311,844,000	311,471,000	$ 264,186,000	$ 254,535,000
Deferred tax asset, net	15,623,000	15,585,000	9,746,000	10,000,000
Deferred tax liability, net	221,000	(356,000)	3,684,000	172,000
Additional paid-in capital	339,955,000	339,049,000	403,312,000	398,269,000
Retained earnings	$ 369,359,000	$ 353,638,000	326,781,000	$ 322,468,000
As Reported September 30, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Principal			316,250,000
Unamortized debt discount			(48,785,000)
Deferred financing costs, net			(3,279,000)
Net carrying amount			264,186,000
Deferred tax asset, net			9,746,000
Deferred tax liability, net			3,684,000
Additional paid-in capital			403,312,000
Retained earnings			326,781,000
Adjustments \| Accounting Standards Update 2020-06
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Principal			0
Unamortized debt discount			48,785,000
Deferred financing costs, net			(1,500,000)
Net carrying amount			47,285,000
Deferred tax asset, net			5,839,000
Deferred tax liability, net			(4,040,000)
Additional paid-in capital			(64,263,000)
Retained earnings			$ 26,857,000

Acquisitions - Additional Information Regarding Recent Acquisitions (Details) $ in Thousands		3 Months Ended	9 Months Ended
	Jun. 08, 2021 USD ($) store payment shares	Dec. 31, 2021 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Business Acquisition [Line Items]
Additional contingent payments		$ 4,600
Measurement period adjustments		(1,322)
Bajio
Business Acquisition [Line Items]
Percentage of voting interests acquired	100.00%
Initial purchase price	$ 23,600	22,300
Payments to acquire businesses	$ 17,400	3,800
Shares of the company’s Class A Non-Voting common stock (in shares) \| shares	212,870
Value of the company’s Class A Non-Voting common stock	$ 1,600
Additional contingent payments	$ 4,600
Number of additional payments \| payment	2
Additional payment term	2 years
Maximum percentage of future contingent consideration that can be paid in shares	50.00%
Payments to acquire business, paid at closing	$ 11,600
Measurement period adjustments		1,300
Decrease in consideration payable		1,300
Business acquisition, consideration payable		700		$ 2,000
Business acquisition, final consideration payable on fifth anniversary of acquisition		$ 400
Bajio \| Forecast
Business Acquisition [Line Items]
Payments to acquire businesses			$ 300
Bajio \| MEXICO
Business Acquisition [Line Items]
Number of stores acquired \| store	128

Acquisitions - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Business Acquisition [Line Items]
Goodwill	$ 284,619	$ 285,758	$ 258,453	$ 257,582
Bajio
Business Acquisition [Line Items]
Cash and cash equivalents		308
Pawn loans		4,619
Pawn service charges receivable		1,335
Inventory		1,319
Property and equipment		2,025
Right-of-use assets		10,651
Goodwill		24,778
Intangible assets		3,965
Deferred tax asset, net		381
Other assets		746
Accounts payable, accrued expenses and other liabilities		(2,290)
Debt		(14,931)
Lease liabilities		(10,651)
Total consideration		$ 22,255

Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Beginning Balance	$ 285,758	$ 257,582
Measurement period adjustments	(1,322)
Effect of foreign currency translation changes	183	871
Ending Balance	284,619	258,453
U.S. Pawn
Goodwill [Roll Forward]
Beginning Balance	244,471	241,928
Measurement period adjustments	0
Effect of foreign currency translation changes	0	0
Ending Balance	244,471	241,928
Latin America Pawn
Goodwill [Roll Forward]
Beginning Balance	41,287	15,654
Measurement period adjustments	(1,322)
Effect of foreign currency translation changes	183	871
Ending Balance	$ 40,148	$ 16,525

Earnings per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Basic earnings per common share:
Net income - basic	$ 15,721	$ 4,299
Weighted shares outstanding - basic (in shares)	56,183	55,361
Basic earnings per common share (in dollars per share)	$ 0.28	$ 0.08
Diluted earnings per common share:
Net income - basic	$ 15,721	$ 4,299
Add: Convertible Notes interest expense, net of tax	1,884	0
Net income - diluted	$ 17,605	$ 4,299
Weighted shares outstanding - basic (in shares)	56,183	55,361
Effect of dilution from equity-based compensation awards (in shares)	541	67
Effect of dilution from if-converted Convertible Notes (in shares)	25,224	0
Weighted shares outstanding - diluted (in shares)	81,948	55,428
Diluted earnings per common share (in dollars per share)	$ 0.21	$ 0.08
Potential common shares excluded from the calculation of diluted earnings per share above, Restricted stock (in shares)	1,936	657

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease right of use asset non cash	$ 14.3
Operating lease liability non cash		$ 1.6
Minimum
Lessee, Lease, Description [Line Items]
Initial term of lease (in years)	3 years
Maximum
Lessee, Lease, Description [Line Items]
Initial term of lease (in years)	10 years

Leases - Lessee Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Right-of-use asset	$ 201,527	$ 200,990	$ 177,308
Lease liability, current	51,843	52,263	45,351
Lease liability, non-current	161,841	161,330	143,620
Total lease liability	$ 213,684	$ 213,593	$ 188,971

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease expense*	$ 16,362	$ 15,199
Variable lease expense	3,542	3,045
Total lease expense	$ 19,904	$ 18,244

Leases - Supplemental Cash Flow Information (Details)	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Weighted-average remaining contractual lease term (years)	5 years 18 days	5 years 21 days
Weighted-average incremental borrowing rate	8.10%	7.85%

Leases - Operating Lease Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Remaining 2022	$ 50,171
Fiscal 2023	58,474
Fiscal 2024	46,262
Fiscal 2025	35,686
Fiscal 2026	26,164
Thereafter	43,418
Total lease payments	260,175
Less: Portion representing interest	46,491
Total lease liability	213,684	$ 213,593	$ 188,971
Less: Current portion	51,843	52,263	45,351
Non-current portion	$ 161,841	$ 161,330	$ 143,620

Strategic Investments - Additional Information (Details) $ in Thousands			3 Months Ended
	Oct. 06, 2021 USD ($) store	Oct. 01, 2021 USD ($) shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Schedule of Equity Method Investments [Line Items]
Dividends from unconsolidated affiliates			$ 1,660	$ 0
Simple Management Group, Inc
Schedule of Equity Method Investments [Line Items]
Number of stores \| store	20
Cash Converters International Limited
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity method investment		$ 2,500
Dividends from unconsolidated affiliates		$ 1,700
Cash Converters International Limited
Schedule of Equity Method Investments [Line Items]
Number of additional shares acquired (in shares) \| shares		13,000,000
Number of common shares owned (in shares) \| shares		236,702,991
Percentage of common shares owned		37.72%	37.72%
Founders One LLC
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity investment	$ 15,000
Equity securities, fv-ni			$ 15,000
Simple Management Group, Inc \| Founders One LLC
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity investment	$ 15,000

Strategic Investments - Summarized Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Sep. 30, 2021
Summary of financial information for Cash Converters International Limited
Current assets	$ 598,839	$ 598,942			$ 610,861
Total assets	1,280,321	1,197,164			1,266,911
Current liabilities	140,516	123,245			155,088
Total liabilities and equity	1,280,321	1,197,164			$ 1,266,911
Gross profit	132,111	108,390
Net profit (loss)	$ 15,721	$ 4,299
Cash Converters International Limited
Summary of financial information for Cash Converters International Limited
Current assets			$ 167,553	$ 157,183
Non-current assets			191,788	172,833
Total assets			359,341	330,016
Current liabilities			61,395	68,028
Non-current liabilities			57,511	51,275
Shareholders’ equity			240,435	210,713
Total liabilities and equity			359,341	330,016
Gross revenues			150,165	187,025
Gross profit			105,851	112,511
Net profit (loss)			$ 12,081	$ (7,032)

Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Apr. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021	Mar. 31, 2019
Financial assets:
Other investments		$ 16,500	$ 0	$ 0
Carrying Value
Financial assets:
Other investments		16,500
Estimated Fair Value
Financial assets:
Other investments		16,500
Estimated Fair Value \| Level 1
Financial assets:
Other investments		0
Estimated Fair Value \| Level 2
Financial assets:
Other investments		0
Estimated Fair Value \| Level 3
Financial assets:
Other investments		$ 16,500
2.89% promissory note receivable due April 2024
Financial assets:
Notes receivable, fair value	$ 1,100				$ 1,100
Financial liabilities:
Interest on note receivable	2.89%	2.89%	2.89%	2.89%
2.89% promissory note receivable due April 2024 \| Carrying Value
Financial assets:
Notes receivable, fair value		$ 1,190	$ 1,156	$ 1,181
2.89% promissory note receivable due April 2024 \| Estimated Fair Value
Financial assets:
Notes receivable, fair value		1,190	1,156	1,181
2.89% promissory note receivable due April 2024 \| Estimated Fair Value \| Level 1
Financial assets:
Notes receivable, fair value		0	0	0
2.89% promissory note receivable due April 2024 \| Estimated Fair Value \| Level 2
Financial assets:
Notes receivable, fair value		0	0	0
2.89% promissory note receivable due April 2024 \| Estimated Fair Value \| Level 3
Financial assets:
Notes receivable, fair value		1,190	1,156	1,181
Investments in unconsolidated affiliates \| Carrying Value
Financial assets:
Investments in unconsolidated affiliates		42,513	31,773	37,724
Investments in unconsolidated affiliates \| Estimated Fair Value
Financial assets:
Investments in unconsolidated affiliates		52,671	44,716	48,954
Investments in unconsolidated affiliates \| Estimated Fair Value \| Level 1
Financial assets:
Investments in unconsolidated affiliates		45,650	37,039	41,638
Investments in unconsolidated affiliates \| Estimated Fair Value \| Level 2
Financial assets:
Investments in unconsolidated affiliates		0	0	0
Investments in unconsolidated affiliates \| Estimated Fair Value \| Level 3
Financial assets:
Investments in unconsolidated affiliates		7,021	7,677	7,316
2024 Convertible Notes \| Carrying Value
Financial liabilities:
Debt instruments, fair value		142,106	118,736	123,543
2024 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Debt instruments, fair value		147,063	134,838	153,281
2024 Convertible Notes \| Estimated Fair Value \| Level 1
Financial liabilities:
Debt instruments, fair value		0	0	0
2024 Convertible Notes \| Estimated Fair Value \| Level 2
Financial liabilities:
Debt instruments, fair value		147,063	134,838	153,281
2024 Convertible Notes \| Estimated Fair Value \| Level 3
Financial liabilities:
Debt instruments, fair value		0	0	0
2025 Convertible Notes \| Carrying Value
Financial liabilities:
Debt instruments, fair value		169,738	134,983	140,643
2025 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Debt instruments, fair value		155,060	138,000	155,250
2025 Convertible Notes \| Estimated Fair Value \| Level 1
Financial liabilities:
Debt instruments, fair value		0	0	0
2025 Convertible Notes \| Estimated Fair Value \| Level 2
Financial liabilities:
Debt instruments, fair value		155,060	138,000	155,250
2025 Convertible Notes \| Estimated Fair Value \| Level 3
Financial liabilities:
Debt instruments, fair value		$ 0	$ 0	$ 0
8.5% unsecured debt due 2024
Financial liabilities:
Stated interest rate			8.50%
8.5% unsecured debt due 2024 \| Carrying Value
Financial liabilities:
Debt instruments, fair value			$ 816
8.5% unsecured debt due 2024 \| Estimated Fair Value
Financial liabilities:
Debt instruments, fair value			816
8.5% unsecured debt due 2024 \| Estimated Fair Value \| Level 1
Financial liabilities:
Debt instruments, fair value			0
8.5% unsecured debt due 2024 \| Estimated Fair Value \| Level 2
Financial liabilities:
Debt instruments, fair value			0
8.5% unsecured debt due 2024 \| Estimated Fair Value \| Level 3
Financial liabilities:
Debt instruments, fair value			$ 816

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Apr. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021	Oct. 01, 2021	Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Additional contingent payments		$ 4,600
Other investments		16,500	$ 0	$ 0
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		$ 16,500
Cash Converters International Limited
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method of accounting ownership percentage		37.72%			37.72%
Rich Data Corp
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method of accounting ownership percentage		13.14%
Founders One LLC
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		$ 15,000
2.89% promissory note receivable due April 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable, fair value	$ 1,100					$ 1,100
Interest on note receivable	2.89%	2.89%	2.89%	2.89%
2.89% promissory note receivable due April 2024 \| Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable, fair value		$ 1,190	$ 1,156	$ 1,181

Debt - Outstanding Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Oct. 01, 2021	Sep. 30, 2021	Dec. 31, 2020	May 31, 2018	Jul. 31, 2017	Jul. 05, 2017
Gross Amount
Total	$ 316,250		$ 316,250	$ 317,066
Less current portion	0		0	213
Total long-term debt	316,250		316,250	316,853
Debt Discount and Issuance Costs
Total	(4,406)		(52,064)	(62,531)
Less current portion	0		0	0
Total long-term debt	(4,406)		(52,064)	(62,531)
Carrying Amount
Total	311,844	$ 311,471	264,186	254,535
Less current portion	0		0	213
Total long-term debt	311,844		264,186	254,322
2024 Convertible Notes
Carrying Amount
Stated interest rate						2.875%	2.875%
Senior Notes \| 2024 Convertible Notes
Gross Amount
Total	143,750		143,750	143,750
Debt Discount and Issuance Costs
Total	(1,644)		(20,207)	(25,014)
Carrying Amount
Total	142,106		123,543	118,736
Senior Notes \| 2025 Convertible Notes
Gross Amount
Total	172,500		172,500	172,500
Debt Discount and Issuance Costs
Total	(2,762)		(31,857)	(37,517)
Carrying Amount
Total	169,738		140,643	134,983
Stated interest rate					2.375%
Unsecured Debt \| 8.5% unsecured debt due 2024
Gross Amount
Total	0		0	816
Debt Discount and Issuance Costs
Total	0		0	0
Carrying Amount
Total	$ 0		$ 0	$ 816
Stated interest rate	8.50%

Debt - Principal Payments (Details) - USD ($)	Dec. 31, 2021	Oct. 01, 2021	May 31, 2018	Jul. 05, 2017
Debt Instrument [Line Items]
Total	$ 316,250,000	$ 316,250,000
Less Than 1 Year	0
1 - 3 Years	143,750,000
3 - 5 Years	172,500,000
More Than 5 Years	0
2024 Convertible Notes
Debt Instrument [Line Items]
Total				$ 143,750,000
Senior Notes \| 2024 Convertible Notes
Debt Instrument [Line Items]
Total	143,750,000
Less Than 1 Year	0
1 - 3 Years	143,750,000
3 - 5 Years	0
More Than 5 Years	0
Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Total	172,500,000		$ 172,500,000
Less Than 1 Year	0
1 - 3 Years	0
3 - 5 Years	172,500,000
More Than 5 Years	$ 0

Debt - Interest Expense (Details) - Senior Notes - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
2024 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	$ 1,033	$ 1,033
Amortization of deferred financing costs	167	112
Amortization of debt discount	0	1,430
Total interest expense	1,200	2,575
2025 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	1,024	1,024
Amortization of deferred financing costs	207	140
Amortization of debt discount	0	1,679
Total interest expense	$ 1,231	$ 2,843

Debt - Additional Information (Details)			1 Months Ended
Debt - Additional Information (Details)	May 14, 2018 day	Jul. 05, 2017 USD ($) day $ / shares	Jul. 31, 2017	Dec. 31, 2021 USD ($) $ / shares	Oct. 01, 2021 USD ($)	May 31, 2018 USD ($)
Debt Instrument [Line Items]
Principal amount \| $				$ 316,250,000	$ 316,250,000
2024 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate		2.875%	2.875%
Principal amount \| $		$ 143,750,000
Effective interest rate				3.35%
2024 Convertible Notes \| Common Stock Class A Non-voting
Debt Instrument [Line Items]
Conversion rate per $1,000 principal amount			0.1
Conversion price, per share (in dollars per share) \| $ / shares		$ 10.00
2024 Convertible Notes \| Senior Notes
Debt Instrument [Line Items]
Principal amount \| $				$ 143,750,000
2024 Convertible Notes \| Senior Notes \| Common Stock Class A Non-voting \| Holder Option
Debt Instrument [Line Items]
Threshold trading days (whether or not consecutive)		20
Threshold consecutive trading days		30
Threshold percentage of stock price trigger		130.00%
Business day threshold		5 days
Threshold consecutive trading days		5 days
Maximum percentage of stock price product		98.00%
2024 Convertible Notes \| Senior Notes \| Common Stock Class A Non-voting \| Company Option
Debt Instrument [Line Items]
Threshold trading days (whether or not consecutive)		20
Threshold consecutive trading days		30
Threshold percentage of stock price trigger		130.00%
Repurchase price, percent of principal amount		100.00%
2025 Convertible Notes \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate						2.375%
Principal amount \| $				$ 172,500,000		$ 172,500,000
Effective interest rate				2.88%
Conversion rate per $1,000 principal amount	0.0628931
Threshold trading days (whether or not consecutive)	20
Threshold consecutive trading days	30
Debt instrument, interest rate, semi-annual stated percentage						2.375%
Share price (in dollars per share) \| $ / shares				$ 15.90
2025 Convertible Notes \| Senior Notes \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Threshold consecutive trading days	30
Threshold percentage of stock price trigger	130.00%
Repurchase price, percent of principal amount	100.00%
2025 Convertible Notes \| Senior Notes \| Debt Conversion, Condition One
Debt Instrument [Line Items]
Threshold trading days (whether or not consecutive)	20
Threshold percentage of stock price trigger	130.00%
2025 Convertible Notes \| Senior Notes \| Debt Conversion, Condition Two
Debt Instrument [Line Items]
Threshold consecutive trading days	5
Threshold percentage of stock price trigger	98.00%
Threshold business days	5

Share-Based Compensation - Additional Information (Details) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 31, 2019	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, period (in years)	3 years
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, amount authorized	$ 60,000,000
Common stock repurchased and retired (in shares)		943,149
Common stock repurchased and retired		$ 5,200,000

Share-Based Compensation - Stock Awards Under Incentive Plan (Details) - Restricted stock - $ / shares	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, beginning balance (in shares)	3,067,940	2,218,777
Granted (in shares)		1,208,046
Released (in shares)		(358,883)
Cancelled (in shares)		0
Outstanding, ending balance (in shares)		3,067,940
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning balance (in dollars per share)	$ 5.86	$ 4.86
Granted (in dollars per share)		7.65
Released (in dollars per share)		4.68
Cancelled (in dollars per share)		0
Outstanding, ending balance (in dollars per share)		$ 5.86
Shares withheld to satisfy related income tax withholding (in shares)	101,103

Segment Information (Details) $ in Thousands	3 Months Ended
Segment Information (Details) $ in Thousands	Dec. 31, 2021 USD ($) segment	Dec. 31, 2020 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment	3
Revenues:
Total revenues	$ 220,994	$ 178,135
Net revenues	132,111	108,390
Segment and corporate expenses (income):
Store expenses	86,771	79,309
General and administrative	15,545	12,510
Depreciation and amortization	7,574	7,572
(Gain) loss on sale or disposal of assets and other	5	(22)
Interest expense	2,431	5,455
Interest income	(304)	(821)
Equity in net income of unconsolidated affiliates	(1,138)	(516)
Other (income) expense	(120)	(599)
Income before income taxes	21,347	5,502
Segments
Revenues:
Total revenues	220,994	178,135
Net revenues	132,111	108,390
Segment and corporate expenses (income):
Store expenses	86,771	79,309
General and administrative	0	0
Depreciation and amortization	4,650	4,596
(Gain) loss on sale or disposal of assets and other	5	(74)
Interest expense	0	0
Interest income	(182)	(764)
Equity in net income of unconsolidated affiliates	(1,138)	(516)
Other (income) expense	(146)	(665)
Income before income taxes	42,151	26,504
Segments \| U.S. Pawn
Revenues:
Total revenues	163,637	136,499
Net revenues	101,830	85,596
Segment and corporate expenses (income):
Store expenses	64,689	62,092
General and administrative	0	0
Depreciation and amortization	2,670	2,736
(Gain) loss on sale or disposal of assets and other	0	27
Interest expense	0	0
Interest income	0	0
Equity in net income of unconsolidated affiliates	0	0
Other (income) expense	0	0
Income before income taxes	34,471	20,741
Segments \| Latin America Pawn
Revenues:
Total revenues	57,314	41,561
Net revenues	30,238	22,719
Segment and corporate expenses (income):
Store expenses	22,082	17,217
General and administrative	0	0
Depreciation and amortization	1,980	1,860
(Gain) loss on sale or disposal of assets and other	5	(101)
Interest expense	0	0
Interest income	(182)	(764)
Equity in net income of unconsolidated affiliates	0	0
Other (income) expense	(134)	(455)
Income before income taxes	6,487	4,962
Segments \| Other Investments
Revenues:
Total revenues	43	75
Net revenues	43	75
Segment and corporate expenses (income):
Store expenses	0	0
General and administrative	0	0
Depreciation and amortization	0	0
(Gain) loss on sale or disposal of assets and other	0	0
Interest expense	0	0
Interest income	0	0
Equity in net income of unconsolidated affiliates	(1,138)	(516)
Other (income) expense	(12)	(210)
Income before income taxes	1,193	801
Corporate Items
Revenues:
Total revenues	0	0
Net revenues	0	0
Segment and corporate expenses (income):
Store expenses	0	0
General and administrative	15,545	12,510
Depreciation and amortization	2,924	2,976
(Gain) loss on sale or disposal of assets and other	0	52
Interest expense	2,431	5,455
Interest income	(122)	(57)
Equity in net income of unconsolidated affiliates	0	0
Other (income) expense	26	66
Income before income taxes	(20,804)	(21,002)
Merchandise sales
Revenues:
Total revenues	137,720	107,783
Cost of goods sold	83,111	64,543
Merchandise sales \| Segments
Revenues:
Total revenues	137,720	107,783
Cost of goods sold	83,111	64,543
Merchandise sales \| Segments \| U.S. Pawn
Revenues:
Total revenues	102,078	82,253
Cost of goods sold	57,832	48,059
Merchandise sales \| Segments \| Latin America Pawn
Revenues:
Total revenues	35,642	25,530
Cost of goods sold	25,279	16,484
Merchandise sales \| Segments \| Other Investments
Revenues:
Total revenues	0	0
Cost of goods sold	0	0
Merchandise sales \| Corporate Items
Revenues:
Total revenues	0	0
Cost of goods sold	0	0
Jewelry scrapping sales
Revenues:
Total revenues	6,944	6,759
Cost of goods sold	5,772	5,202
Jewelry scrapping sales \| Segments
Revenues:
Total revenues	6,944	6,759
Cost of goods sold	5,772	5,202
Jewelry scrapping sales \| Segments \| U.S. Pawn
Revenues:
Total revenues	4,980	4,004
Cost of goods sold	3,975	2,844
Jewelry scrapping sales \| Segments \| Latin America Pawn
Revenues:
Total revenues	1,964	2,755
Cost of goods sold	1,797	2,358
Jewelry scrapping sales \| Segments \| Other Investments
Revenues:
Total revenues	0	0
Cost of goods sold	0	0
Jewelry scrapping sales \| Corporate Items
Revenues:
Total revenues	0	0
Cost of goods sold	0	0
Pawn service charges
Revenues:
Total revenues	76,025	63,489
Pawn service charges \| Segments
Revenues:
Total revenues	76,025	63,489
Pawn service charges \| Segments \| U.S. Pawn
Revenues:
Total revenues	56,557	50,220
Pawn service charges \| Segments \| Latin America Pawn
Revenues:
Total revenues	19,468	13,269
Pawn service charges \| Segments \| Other Investments
Revenues:
Total revenues	0	0
Pawn service charges \| Corporate Items
Revenues:
Total revenues	0	0
Other
Revenues:
Total revenues	305	104
Other \| Segments
Revenues:
Total revenues	305	104
Other \| Segments \| U.S. Pawn
Revenues:
Total revenues	22	22
Other \| Segments \| Latin America Pawn
Revenues:
Total revenues	240	7
Other \| Segments \| Other Investments
Revenues:
Total revenues	43	75
Other \| Corporate Items
Revenues:
Total revenues	$ 0	$ 0

Supplemental Consolidated Financial Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Gross pawn service charges receivable	$ 38,040	$ 37,360	$ 31,721
Allowance for uncollectible pawn service charges receivable	(8,275)	(8,023)	(6,896)
Pawn service charges receivable, net	29,765	29,337	24,825
Gross inventory	124,286	115,300	106,053
Inventory reserves	(4,973)	(4,311)	(11,073)
Inventory, net	119,313	110,989	94,980
Prepaid expenses and other	10,614	5,386	8,079
Accounts receivable and other	6,258	9,322	9,546
Income taxes receivable	14,337	16,302	15,199
Prepaid expenses and other current assets	31,209	31,010	32,824
Property and equipment, gross	288,285	284,867	274,071
Accumulated depreciation	(236,084)	(231,056)	(218,867)
Property and equipment, net	52,201	53,811	55,204
Accounts payable	18,925	22,462	17,169
Accrued payroll	11,486	9,093	12,061
Incentive accrual	5,158	16,868	3,866
Other payroll related expenses	7,964	10,695	10,798
Accrued sales and VAT taxes	9,704	10,936	10,295
Accrued Income Taxes Payable	6,024	3,826	611
Other current liabilities	16,270	16,388	12,977
Accounts payable, accrued expenses and other current liabilities	$ 75,531	$ 90,268	$ 67,777