0000876523-23-000024 | 10-Q | XBRL Viewer

Print Document View Excel Document

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022
Current assets:
Cash and cash equivalents	$ 243,128	$ 206,028	$ 254,964
Restricted cash	8,451	8,341	8,713
Pawn loans	206,096	210,009	173,618
Pawn service charges receivable, net	33,116	33,476	28,319
Inventory, net	150,297	151,615	119,890
Prepaid expenses and other current assets	45,564	34,694	27,267
Total current assets	686,652	644,163	612,771
Investments in unconsolidated affiliates	10,681	37,733	42,002
Other investments	39,220	24,220	18,000
Property and equipment, net	59,775	56,725	50,874
Operating lease right-of-use assets	234,287	221,405	204,343
Goodwill	300,078	286,828	286,214
Intangible assets, net	59,620	56,819	62,145
Notes receivable, net	1,233	1,215	1,198
Deferred tax asset, net	19,127	12,145	15,908
Other assets	9,859	6,625	6,541
Total assets	1,420,532	1,347,878	1,299,996
Current liabilities:
Accounts payable, accrued expenses and other current liabilities	72,695	84,509	69,695
Customer layaway deposits	18,761	16,023	15,046
Operating lease liabilities, current	53,921	52,334	52,446
Total current liabilities	145,377	152,866	137,187
Long-term debt, net	359,287	312,903	312,168
Deferred tax liability, net	368	373	179
Operating lease liabilities	191,874	180,756	163,506
Other long-term liabilities	11,038	8,749	11,940
Total liabilities	707,944	655,647	624,980
Commitments and contingencies (Note 9)
Stockholders’ equity:
Additional paid-in capital	343,088	345,330	341,913
Retained earnings	405,961	402,006	384,246
Accumulated other comprehensive loss	(37,017)	(55,669)	(51,710)
Total equity	712,588	692,231	675,016
Total liabilities and equity	1,420,532	1,347,878	1,299,996
Common Stock Class A Non-voting
Stockholders’ equity:
Common stock	526	534	537
Common Stock Class B Voting
Stockholders’ equity:
Common stock	$ 30	$ 30	$ 30

Supplemental Consolidated Financial Information (Tables)

6 Months Ended

Mar. 31, 2023

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)	March 31, 2023		March 31, 2022		September 30, 2022

Gross pawn service charges receivable	$	42,335	$	35,886	$	44,192
Allowance for uncollectible pawn service charges receivable	(9,219)		(7,567)		(10,716)
Pawn service charges receivable, net	$	33,116	$	28,319	$	33,476

Gross inventory	$	153,348	$	123,944	$	153,673
Inventory reserves	(3,051)		(4,054)		(2,058)
Inventory, net	$	150,297	$	119,890	$	151,615

Prepaid expenses and other	$	7,677	$	10,245	$	8,336
Accounts receivable, notes receivable and other	27,817		8,255		8,435
Income taxes prepaid and receivable	10,070		8,767		17,923
Prepaid expenses and other current assets	$	45,564	$	27,267	$	34,694

Property and equipment, gross	$	325,458	$	293,087	$	306,667
Accumulated depreciation	(265,683)		(242,213)		(249,942)
Property and equipment, net	$	59,775	$	50,874	$	56,725

Accounts payable	$	18,443	$	17,756	$	24,056
Accrued payroll	8,842		8,631		8,365
Incentive accrual	8,997		8,196		17,403
Other payroll related expenses	8,351		7,877		9,592
Accrued sales and VAT taxes	6,949		8,022		7,279
Accrued income taxes payable	3,662		4,346		2,663
Other current liabilities	17,451		14,867		15,151
Accounts payable, accrued expenses and other current liabilities	$	72,695	$	69,695	$	84,509

Schedule of Supplemental Disclosure of Consolidated Statements of Cash Flows Information

The following table provides supplemental disclosure of Consolidated Statements of Cash Flows information:


	Six Months Ended March 31,
(in thousands)	2023		2022

Supplemental disclosure of cash flow information
Cash and cash equivalents	$	243,128	$	254,964
Restricted cash	8,451		8,713
Total cash and cash equivalents and restricted cash	$	251,579	$	263,677

Non-cash investing and financing activities:
Pawn loans forfeited and transferred to inventory	$	159,398	$	134,562
Transfer of consideration for other investment	—		1,500
Transfer of equity consideration for acquisition	99		—
Acquisition earn-out contingency	2,000		—
Accrued acquisition consideration	1,145		—

Strategic Investments - Company's ownership in Cash Converters (Details) - Cash Converters International Limited - USD ($) $ in Thousands	Nov. 02, 2022	Sep. 15, 2022	Apr. 05, 2022	Mar. 10, 2022	Oct. 01, 2021
Schedule of Equity Method Investments [Line Items]
Purchase amount	$ 2,100	$ 900	$ 2,500	$ 1,000	$ 2,500
Shares purchased (in shares)	13,000,000	5,700,000	13,000,000	5,500,000	13,000,000
Shares owned (in shares)	273,939,157	260,939,157	255,239,157	242,239,157	236,702,991
Ownership percentage	43.70%	41.60%	40.70%	38.60%	37.70%

Debt - Interest Expense (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
Debt - Interest Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Debt Instrument [Line Items]
Net loss on extinguishment of debt	$ 3,500			$ 3,545	$ 0
Senior Notes \| 2029 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense		$ 2,156	$ 0	2,587	0
Amortization of deferred financing costs		197	0	249	0
Total interest expense		2,353	0	2,836	0
Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense		614	1,024	1,556	2,048
Amortization of deferred financing costs		120	182	308	389
Net loss on extinguishment of debt		0	0	(5,389)	0
Total interest expense		734	1,206	(3,525)	2,437
Senior Notes \| 2024 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense		247	1,033	1,123	2,066
Amortization of deferred financing costs		41	142	179	309
Net loss on extinguishment of debt		0	0	8,935	0
Total interest expense		$ 288	$ 1,175	$ 10,237	$ 2,375

Debt - Principal Payment Schedule (Details) - Senior Notes $ in Thousands	Mar. 31, 2023 USD ($)
Debt Instrument [Line Items]
Remaining 2023	$ 0
Fiscal 2024	34,389
Fiscal 2025	103,373
Fiscal 2026	0
Fiscal 2027	0
Thereafter	230,000
Carrying Amount	367,762
2029 Convertible Notes
Debt Instrument [Line Items]
Remaining 2023	0
Fiscal 2024	0
Fiscal 2025	0
Fiscal 2026	0
Fiscal 2027	0
Thereafter	230,000
Carrying Amount	230,000
2025 Convertible Notes
Debt Instrument [Line Items]
Remaining 2023	0
Fiscal 2024	0
Fiscal 2025	103,373
Fiscal 2026	0
Fiscal 2027	0
Thereafter	0
Carrying Amount	103,373
2024 Convertible Notes
Debt Instrument [Line Items]
Remaining 2023	0
Fiscal 2024	34,389
Fiscal 2025	0
Fiscal 2026	0
Fiscal 2027	0
Thereafter	0
Carrying Amount	$ 34,389

Cover Page - shares	6 Months Ended
Cover Page - shares	Mar. 31, 2023	Apr. 28, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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	2023
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--09-30
Common Stock Class A Non-voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		52,447,860
Common Stock Class B Voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,970,171
No Trading Symbol Class B

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Revenues:
Total revenues	$ 258,423	$ 215,982	$ 522,750	$ 436,976
Gross profit	149,182	128,928	301,679	261,039
Operating expenses:
Store expenses	101,269	85,743	202,072	172,514
General and administrative	15,609	12,227	31,085	27,772
Depreciation and amortization	7,963	7,450	15,951	15,024
Loss (gain) on sale or disposal of assets	73	(697)	57	(692)
Other	(2,465)	0	(2,465)	0
Total operating expenses	122,449	104,723	246,700	214,618
Operating income	26,733	24,205	54,979	46,421
Interest expense	3,390	2,527	9,580	4,958
Interest income	(1,898)	(255)	(2,562)	(559)
Equity in net loss of unconsolidated affiliates	32,501	1,439	30,917	301
Other expense (income)	80	371	(154)	251
(Loss) income before income taxes	(7,340)	20,123	17,198	41,470
Income (benefit) tax expense	(550)	5,236	7,210	10,862
Net (loss) income	$ (6,790)	$ 14,887	$ 9,988	$ 30,608
Basic earnings per share (in dollars per share)	$ (0.12)	$ 0.26	$ 0.18	$ 0.54
Diluted earnings per share (in dollars per share)	$ (0.12)	$ 0.20	$ 0.11	$ 0.42
Weighted-average basic shares outstanding (in shares)	55,648	56,561	55,981	56,370
Weighted-average diluted shares outstanding (in shares)	55,648	82,407	65,269	82,270
Merchandise sales
Revenues:
Total revenues	$ 152,507	$ 133,556	$ 316,294	$ 271,276
Cost of revenues	97,339	82,246	202,216	165,357
Jewelry scrapping sales
Revenues:
Total revenues	12,825	5,690	20,709	12,634
Cost of revenues	11,902	4,808	18,855	10,580
Pawn service charges
Revenues:
Total revenues	93,030	76,683	185,623	152,708
Other revenues, net
Revenues:
Total revenues	$ 61	$ 53	$ 124	$ 358

Supplemental Consolidated Financial Information - Supplemental of Consolidated Statements of Cash Flows Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Supplemental disclosure of cash flow information
Cash and cash equivalents	$ 243,128	$ 254,964	$ 206,028
Restricted cash	8,451	8,713
Total cash and cash equivalents and restricted cash	251,579	263,677	$ 214,369	$ 263,624
Non-cash investing and financing activities:
Pawn loans forfeited and transferred to inventory	159,398	134,562
Transfer of consideration for other investment	0	1,500
Transfer of equity consideration for acquisition	99	0
Acquisition earn-out contingency	2,000	$ 0
Accrued acquisition consideration	$ 1,145

Goodwill - Schedule of Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Goodwill [Roll Forward]
Beginning balance	$ 286,828	$ 285,758
Acquisitions	9,468
Measurement period adjustments		(678)
Effect of foreign currency translation changes	3,782	1,134
Ending balance	300,078	286,214
U.S. Pawn
Goodwill [Roll Forward]
Beginning balance	245,503	244,471
Acquisitions	9,468
Measurement period adjustments		0
Effect of foreign currency translation changes	0	0
Ending balance	254,971	244,471
Latin America Pawn
Goodwill [Roll Forward]
Beginning balance	41,325	41,287
Acquisitions	0
Measurement period adjustments		(678)
Effect of foreign currency translation changes	3,782	1,134
Ending balance	$ 45,107	$ 41,743

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Segment Information - Revenues and Long-Lived Assets by Geographic Information (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022
Segment Reporting Information [Line Items]
Pawn loans	$ 206,096	$ 210,009	$ 173,618
Inventory, net	150,297	$ 151,615	119,890
Segments \| U.S. Pawn
Segment Reporting Information [Line Items]
Pawn loans	157,043		133,515
Inventory, net	112,147		93,320
Segments \| Latin America Pawn
Segment Reporting Information [Line Items]
Pawn loans	49,053		40,103
Inventory, net	38,150		26,570
Segments \| Other Investments
Segment Reporting Information [Line Items]
Pawn loans	0		0
Inventory, net	0		0
Corporate Items
Segment Reporting Information [Line Items]
Pawn loans	0		0
Inventory, net	$ 0		$ 0

Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2022	Apr. 30, 2019	Mar. 31, 2023	Mar. 31, 2022	Sep. 30, 2022	Mar. 31, 2019
Financial assets:
Other investments			$ 39,220	$ 18,000	$ 24,220
Carrying Value
Financial assets:
Other investments			39,220	18,000	24,220
Estimated Fair Value
Financial assets:
Other investments			39,220	18,000	24,220
Estimated Fair Value \| Level 1
Financial assets:
Other investments			0	0	0
Estimated Fair Value \| Level 2
Financial assets:
Other investments			0	0	0
Estimated Fair Value \| Level 3
Financial assets:
Other investments			$ 39,220	$ 18,000	$ 24,220
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			$ 1,233	$ 1,198	$ 1,215
2.89% promissory note receivable due April 2024 \| Estimated Fair Value
Financial assets:
Notes receivable, fair value			1,233	1,198	1,215
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			$ 1,233	1,198	1,215
12.00% promissory note receivable from Founders
Financial assets:
Notes receivable, fair value	$ 15,000
Financial liabilities:
Interest on note receivable	12.00%		12.00%
12.00% promissory note receivable from Founders \| Carrying Value
Financial assets:
Notes receivable, fair value			$ 15,600
12.00% promissory note receivable from Founders \| Estimated Fair Value
Financial assets:
Notes receivable, fair value			15,600
12.00% promissory note receivable from Founders \| Estimated Fair Value \| Level 1
Financial assets:
Notes receivable, fair value			0
12.00% promissory note receivable from Founders \| Estimated Fair Value \| Level 2
Financial assets:
Notes receivable, fair value			0
12.00% promissory note receivable from Founders \| Estimated Fair Value \| Level 3
Financial assets:
Notes receivable, fair value			15,600
Investments in unconsolidated affiliates \| Carrying Value
Financial assets:
Investments in unconsolidated affiliates			10,681	42,002	37,733
Investments in unconsolidated affiliates \| Estimated Fair Value
Financial assets:
Investments in unconsolidated affiliates			42,917	51,502	40,279
Investments in unconsolidated affiliates \| Estimated Fair Value \| Level 1
Financial assets:
Investments in unconsolidated affiliates			42,917	44,529	40,279
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			0	6,973	0
2024 Convertible Notes \| Carrying Value
Financial liabilities:
Debt instruments, fair value			34,184	142,248	142,575
2024 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Debt instruments, fair value			34,389	141,594	157,727
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			34,389	141,594	157,727
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			102,312	169,920	170,328
2025 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Debt instruments, fair value			94,690	153,525	147,488
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			94,690	153,525	147,488
2025 Convertible Notes \| Estimated Fair Value \| Level 3
Financial liabilities:
Debt instruments, fair value			0	$ 0	$ 0
2029 Convertible Notes \| Carrying Value
Financial liabilities:
Debt instruments, fair value			222,791
2029 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Debt instruments, fair value			221,529
2029 Convertible Notes \| Estimated Fair Value \| Level 1
Financial liabilities:
Debt instruments, fair value			0
2029 Convertible Notes \| Estimated Fair Value \| Level 2
Financial liabilities:
Debt instruments, fair value			221,529
2029 Convertible Notes \| Estimated Fair Value \| Level 3
Financial liabilities:
Debt instruments, fair value			$ 0

Common Stock and Stock Compensation

6 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Common Stock and Stock Compensation

NOTE 8: COMMON STOCK AND STOCK COMPENSATION

Common Stock Repurchase Program

On May 3, 2022, the Company's Board of Directors (the "Board") authorized the repurchase of up to $50 million of our Class A Common Stock over three years (the "Common Stock Repurchase Program"). Execution of the program will be responsive to fluctuating market conditions and valuations, liquidity needs and the expected return on investment compared to other opportunities.

The amount and timing of purchases will be dependent on a variety of factors, including stock price, trading volume, general market conditions, legal and regulatory requirements, general business conditions, the level of cash flows, and corporate considerations determined by management and the Board, such as liquidity and capital needs and the availability of attractive alternative investment opportunities. The Board of Directors has reserved the right to modify, suspend or terminate the program at any time. As of March 31, 2023, the Company has repurchased and retired 929,336 shares of our Class A Common Stock for $8.0 million under the Common Stock Repurchase Program, of which $3.9 million was repurchased during the quarter ended March 31, 2023. The repurchase amount is allocated between "Additional paid-in capital" and "Retained earnings" in our condensed consolidated balance sheets.

Other Common Stock Repurchases

During December 2022, the Company used approximately $5.0 million of the net proceeds from the 2029 Convertible Notes offering to repurchase for cash 578,703 shares of its Class A common stock from purchasers of the notes in privately negotiated transactions. Such transactions were authorized separately from, and not considered a part of, the publicly announced share repurchase program discussed above. The repurchase amount is allocated between "Additional paid-in capital" and "Retained earnings" in our condensed consolidated balance sheets.

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, 2022	2,113,323	$	5.88
Granted	1,008,180	7.82
Released (a)	(480,238)	4.86
Cancelled	(54,497)	6.55
Outstanding as of March 31, 2023	2,586,768	$	6.81

(a) 114,311 shares were withheld to satisfy related income tax withholding.

Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2023

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
	March 31, 2023		March 31, 2023		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	$	1,233	$	1,233	$	—	$	—	$	1,233
12.00% promissory note receivable from Founders	15,600		15,600		—		—		15,600

Investments in unconsolidated affiliates	10,681		42,917		42,917		—		—
Other investments	39,220		39,220		—		—		39,220
Financial liabilities:
2024 Convertible Notes	$	34,184	$	34,389	$	—	$	34,389	$	—
2025 Convertible Notes	102,312		94,690		—		94,690		—
2029 Convertible Notes	222,791		221,529		—		221,529		—


	Carrying Value		Estimated Fair Value
	March 31, 2022		March 31, 2022		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	$	1,198	$	1,198	$	—	$	—	$	1,198
Investments in unconsolidated affiliates	42,002		51,502		44,529		—		6,973
Other investments	18,000		18,000		—		—		18,000
Financial liabilities:
2024 Convertible Notes	$	142,248	$	141,594	$	—	$	141,594	$	—
2025 Convertible Notes	169,920		153,525		—		153,525		—


	Carrying Value		Estimated Fair Value
	September 30, 2022		September 30, 2022		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	$	1,215	$	1,215	$	—	$	—	$	1,215
Investments in unconsolidated affiliates	37,733		40,279		40,279		—		—
Other investments	24,220		24,220		—		—		24,220
Financial liabilities:
2024 Convertible Notes	$	142,575	$	157,727	$	—	$	157,727	$	—
2025 Convertible Notes	170,328		147,488		—		147,488		—

Strategic Investments (Tables)

6 Months Ended

Mar. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The following table presents the Company's ownership in Cash Converters International Limited ("Cash Converters") for the periods presented:


Date of purchase	Purchase amount (in thousands)	Shares purchased	Shares owned	Ownership percentage
October 1, 2021	$2,500	13,000,000	236,702,991	37.7	%
March 10, 2022	$1,000	5,500,000	242,239,157	38.6	%
April 5, 2022	$2,500	13,000,000	255,239,157	40.7	%
September 15, 2022	$900	5,700,000	260,939,157	41.6	%
November 2, 2022	$2,100	13,000,000	273,939,157	43.7	%

The following tables present summary financial information for Cash Converters most recently reported results at December 31, 2022 after translation to U.S. dollars:


	December 31,
(in thousands)	2022		2021

Current assets	$	189,179	$	162,558
Non-current assets	98,301		185,780
Total assets	$	287,480	$	348,338

Current liabilities	$	91,601	$	59,701
Non-current liabilities	56,792		59,915
Shareholders’ equity	139,087		228,722
Total liabilities and shareholders’ equity	$	287,480	$	348,338


	Half-Year Ended December 31,
(in thousands)	2022		2021

Gross revenues	$	98,768	$	84,185
Gross profit	63,800		55,280
Net profit	(73,197)		1

Debt - Schedule of Debt Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022
Debt Instrument [Line Items]
Total long-term debt, gross amount	$ 367,762	$ 316,250	$ 316,250
Total long-term debt, debt discount and issuance costs	(8,475)	(3,347)	(4,082)
Total long-term debt, carrying amount	359,287	312,903	312,168
Senior Notes \| 2029 Convertible Notes
Debt Instrument [Line Items]
Total long-term debt, gross amount	230,000	0	0
Total long-term debt, debt discount and issuance costs	(7,209)	0	0
Total long-term debt, carrying amount	222,791	0	0
Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Total long-term debt, gross amount	103,373	172,500	172,500
Total long-term debt, debt discount and issuance costs	(1,061)	(2,172)	(2,580)
Total long-term debt, carrying amount	102,312	170,328	169,920
Senior Notes \| 2024 Convertible Notes
Debt Instrument [Line Items]
Total long-term debt, gross amount	34,389	143,750	143,750
Total long-term debt, debt discount and issuance costs	(205)	(1,175)	(1,502)
Total long-term debt, carrying amount	$ 34,184	$ 142,575	$ 142,248

Segment Information

6 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information

NOTE 10: 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 along with our investment in Founders and RDC.

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 March 31, 2023
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	108,740	$	43,767	$	—	$	152,507	$	—	$	152,507
Jewelry scrapping sales	9,814		3,011		—		12,825		—		12,825
Pawn service charges	69,945		23,085		—		93,030		—		93,030
Other revenues	32		19		10		61		—		61
Total revenues	188,531		69,882		10		258,423		—		258,423
Merchandise cost of goods sold	67,643		29,696		—		97,339		—		97,339
Jewelry scrapping cost of goods sold	8,550		3,352		—		11,902		—		11,902

Gross profit	112,338		36,834		10		149,182		—		149,182
Segment and corporate expenses (income):
Store expenses	71,946		29,323		—		101,269		—		101,269
General and administrative	—		—		—		—		15,609		15,609

Depreciation and amortization	2,560		2,332		—		4,892		3,071		7,963
Loss (gain) loss on sale or disposal of assets	81		(8)		—		73		—		73
Other	—		(2,465)		—		(2,465)		—		(2,465)
Interest expense	—		—		—		—		3,390		3,390
Interest income	(1)		(298)		—		(299)		(1,599)		(1,898)
Equity in net loss of unconsolidated affiliates	—		—		32,501		32,501		—		32,501

Other (income) expense	—		(46)		6		(40)		120		80

Segment contribution (loss)	$	37,752	$	7,996	$	(32,497)	$	13,251
Income (loss) before income taxes							$	13,251	$	(20,591)	$	(7,340)


	Three Months Ended March 31, 2022
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	100,064	$	33,492	$	—	$	133,556	$	—	$	133,556
Jewelry scrapping sales	3,480		2,210		—		5,690		—		5,690
Pawn service charges	58,772		17,911		—		76,683		—		76,683
Other revenues	24		—		29		53		—		53
Total revenues	162,340		53,613		29		215,982		—		215,982
Merchandise cost of goods sold	58,613		23,633		—		82,246		—		82,246
Jewelry scrapping cost of goods sold	2,798		2,010		—		4,808		—		4,808

Gross profit	100,929		27,970		29		128,928		—		128,928
Segment and corporate expenses (income):
Store expenses	64,492		21,251		—		85,743		—		85,743
General and administrative	—		—		—		—		12,227		12,227

Depreciation and amortization	2,625		1,891		—		4,516		2,934		7,450
Loss on sale or disposal of assets and other	—		(9)		—		(9)		(688)		(697)

Interest expense	—		—		—		—		2,527		2,527
Interest income	—		(255)		—		(255)		—		(255)
Equity in net income of unconsolidated affiliates	—		—		1,439		1,439		—		1,439

Other (income) expense	—		334		8		342		29		371
Segment contribution	$	33,812	$	4,758	$	(1,418)	$	37,152
Income (loss) before income taxes							$	37,152	$	(17,029)	$	20,123


	Six Months Ended March 31, 2023
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	227,054	$	89,240	$	—	$	316,294	$	—	$	316,294
Jewelry scrapping sales	16,990		3,719		—		20,709		—		20,709
Pawn service charges	139,255		46,368		—		185,623		—		185,623
Other revenues	57		35		32		124		—		124
Total revenues	383,356		139,362		32		522,750		—		522,750
Merchandise cost of goods sold	140,899		61,317		—		202,216		—		202,216
Jewelry scrapping cost of goods sold	14,766		4,089		—		18,855		—		18,855

Gross profit	227,691		73,956		32		301,679		—		301,679
Segment and corporate expenses (income):
Store expenses	145,250		56,822		—		202,072		—		202,072
General and administrative	—		(3)		—		(3)		31,088		31,085

Depreciation and amortization	5,315		4,547		—		9,862		6,089		15,951
Loss (gain) on sale or disposal of assets	84		(27)		—		57		—		57
Other	—		(2,465)		—		(2,465)		—		(2,465)
Interest expense	—		—		—		—		9,580		9,580
Interest income	(1)		(467)		—		(468)		(2,094)		(2,562)
Equity in net loss of unconsolidated affiliates	—		—		30,917		30,917		—		30,917

Other expense (income)	—		24		10		34		(188)		(154)

Segment contribution (loss)	$	77,043	$	15,525	$	(30,895)	$	61,673
Income (loss) before income taxes							$	61,673	$	(44,475)	$	17,198


	Six Months Ended March 31, 2022
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	202,142	$	69,134	$	—	$	271,276	$	—	$	271,276
Jewelry scrapping sales	8,460		4,174		—		12,634		—		12,634
Pawn service charges	115,329		37,379		—		152,708		—		152,708
Other revenues	46		240		72		358		—		358
Total revenues	325,977		110,927		72		436,976		—		436,976
Merchandise cost of goods sold	116,445		48,912		—		165,357		—		165,357
Jewelry scrapping cost of goods sold	6,773		3,807		—		10,580		—		10,580

Gross profit	202,759		58,208		72		261,039		—		261,039
Segment and corporate expenses (income):
Store expenses	129,181		43,333		—		172,514		—		172,514
General and administrative	—		—		—		—		27,772		27,772

Depreciation and amortization	5,295		3,871		—		9,166		5,858		15,024
Gain on sale or disposal of assets and other	—		(4)		—		(4)		(688)		(692)

Interest expense	—		—		—		—		4,958		4,958
Interest income	—		(437)		—		(437)		(122)		(559)
Equity in net income of unconsolidated affiliates	—		—		301		301		—		301
Other (income) expense	—		200		(4)		196		55		251
Segment contribution	$	68,283	$	11,245	$	(225)	$	79,303
Income (loss) before income taxes							$	79,303	$	(37,833)	$	41,470

The following table presents separately identified net earning assets by segment:


(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Corporate Items		Total

As of March 31, 2023
Pawn loans	$	157,043	$	49,053	$	—	$	—	$	206,096
Inventory, net	112,147		38,150		—		—		150,297

As of March 31, 2022
Pawn loans	$	133,515	$	40,103	$	—	$	—	$	173,618
Inventory, net	93,320		26,570		—		—		119,890

- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

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

+ Details

Contingencies	6 Months Ended
Contingencies	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	NOTE 9: CONTINGENCIES Currently, and from time to time, we are involved in various claims, disputes, lawsuits, investigations, and legal and regulatory proceedings, including the matter described below. 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, and the amount of resulting loss may differ from these estimates. 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. On October 14, 2021, Andrew Kowlessar filed an action in the Circuit Court of the 17th Judicial Circuit in and for Broward County, Florida styled Andrew Kowlessar, individually and on behalf of all others similarly situated vs. EZCORP, Inc. d/b/a Value Pawn & Jewelry. The matter subsequently was amended and removed to the United States District Court of the Southern District of Florida as Andrew Kowlessar, individually and on behalf of all others similarly situated vs. EZPAWN Florida, Inc. d/b/a Value Pawn & Jewelry. In May 2022, the federal court action was dismissed and the case was refiled in the Circuit Court of the Eleventh Judicial Circuit in and for Miami-Dade County, Florida. The complaint was brought under Section 501.059, Florida Statutes, the Florida Telephone Solicitation Act (“Act”), and alleges certain text messages were sent in violation of the Act. The matter involves claims by a single individual, but alleges a class of persons who may have similar claims of violations of the Act and seeks class certification. On June 16, 2022, following discovery and pre-trial mediation, the parties agreed to a settlement of all asserted claims and entered into a Settlement Agreement and Release, which was approved by the court on October 24, 2022. The period for submitting claims expired on November 8, 2022. The Company recorded a $2.0 million charge during the quarter ended June 30, 2022, which amount has since been paid to the third party claims administrator in final satisfaction of claims and related costs. The claims administrator is in the process of disbursing settlement funds.

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating activities:
Net income	$ 9,988	$ 30,608
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	15,951	15,024
Amortization of debt discount and deferred financing costs	736	698
Non-cash lease expense	27,546	25,746
Deferred income taxes	(6,987)	212
Other adjustments	(2,386)	(708)
Provision for inventory reserve	280	(1,780)
Stock compensation expense	3,741	2,158
Equity in net loss of unconsolidated affiliates	30,917	301
Net loss on extinguishment of debt	3,545	0
Changes in operating assets and liabilities, net of acquisitions:
Service charges and fees receivable	1,357	687
Inventory	(2,306)	(2,779)
Prepaid expenses, other current assets and other assets	(3,639)	88
Accounts payable, accrued expenses and other liabilities	(43,969)	(50,258)
Customer layaway deposits	1,426	2,342
Income taxes	8,852	6,576
Dividends from unconsolidated affiliates	1,775	1,660
Net cash provided by operating activities	46,827	30,575
Investing activities:
Loans made	(378,717)	(329,459)
Loans repaid	230,604	199,836
Recovery of pawn loan principal through sale of forfeited collateral	171,504	129,311
Capital expenditures, net	(18,439)	(10,498)
Acquisitions, net of cash acquired	(12,968)	0
Issuance of notes receivable	(15,500)	(1,000)
Investment in unconsolidated affiliates	(2,133)	(3,577)
Investment in other investments	(15,000)	(16,500)
Net cash used in investing activities	(40,649)	(31,887)
Financing activities:
Taxes paid related to net share settlement of equity awards	(1,149)	(792)
Proceeds from issuance of debt	230,000	0
Debt issuance cost	(7,458)	0
Cash paid on extinguishment of debt	(1,951)	0
Payments on debt	(178,488)	0
Repurchase of common stock	(10,978)	0
Net cash provided by (used in) financing activities	29,976	(792)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	1,056	2,157
Net increase in cash, cash equivalents and restricted cash	37,210	53
Cash, cash equivalents and restricted cash at beginning of period	214,369	263,624
Cash, cash equivalents and restricted cash at end of period	$ 251,579	$ 263,677

Goodwill - Additional Information (Details) $ in Thousands	6 Months Ended
Goodwill - Additional Information (Details) $ in Thousands	Mar. 31, 2023 USD ($) store
Goodwill [Line Items]
Additions to goodwill	$ 9,468
Houston, Texas Pawn Stores
Goodwill [Line Items]
Number of stores \| store	9
Las Vegas, Nevada Pawn Store
Goodwill [Line Items]
Number of stores \| store	1
Pawn Stores
Goodwill [Line Items]
Initial purchase price	$ 13,000
Additions to goodwill	$ 9,400

Leases - Lessee Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022
Lease assets:
Operating lease right-of-use assets	$ 234,287	$ 221,405	$ 204,343
Financing lease assets	1,289	181	0
Total lease assets	235,576	221,586	204,343
Current:
Operating lease liabilities	53,921	52,334	52,446
Financing lease liabilities	282	37	0
Total current lease liabilities	54,203	52,371	52,446
Non-current:
Operating lease liabilities	191,874	180,756	163,506
Financing lease liabilities	1,024	148	0
Total non-current lease liabilities	192,898	180,904	163,506
Total lease liabilities	$ 247,101	$ 233,275	$ 215,952
Finance Lease, Other Assets, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent	Other Assets, Noncurrent
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable, accrued expenses and other current liabilities	Accounts payable, accrued expenses and other current liabilities	Accounts payable, accrued expenses and other current liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

Leases - Operating And Financing Lease Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022
Operating Leases
Remaining 2023	$ 36,727
Fiscal 2024	68,717
Fiscal 2025	58,855
Fiscal 2026	48,125
Fiscal 2027	34,973
Thereafter	55,547
Total lease liabilities	302,944
Less: portion representing imputed interest	57,149
Total net lease liabilities	245,795
Less: current portion	53,921	$ 52,334	$ 52,446
Total long term net lease liabilities	191,874	180,756	163,506
Financing Leases
Remaining 2023	310
Fiscal 2024	413
Fiscal 2025	413
Fiscal 2026	401
Fiscal 2027	81
Thereafter	0
Total lease liabilities	1,618
Less: portion representing imputed interest	312
Total net lease liabilities	1,306
Less: current portion	282	37	0
Total long term net lease liabilities	$ 1,024	$ 148	$ 0

(Loss) Earnings per Share

6 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

(Loss) Earnings per Share

NOTE 3: (LOSS) EARNINGS PER SHARE

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


	Three Months Ended March 31,				Six Months Ended March 31,
(in thousands, except per share amounts)	2023		2022		2023		2022

Basic (loss) earnings per common share:
Net (loss) income - basic	$	(6,790)	$	14,887	$	9,988	$	30,608
Weighted shares outstanding - basic	55,648		56,561		55,981		56,370
Basic (loss) earnings per common share	$	(0.12)	$	0.26	$	0.18	$	0.54

Diluted (loss) earnings per common share:
Net (loss) income - basic	$	(6,790)	$	14,887	$	9,988	$	30,608
Add: Convertible Notes interest expense, net of tax*	—		1,846		(2,733)		3,730



Net (loss) income - diluted	$	(6,790)	$	16,733	$	7,255	$	34,338
Weighted shares outstanding - basic	55,648		56,561		55,981		56,370
Equity-based compensation awards - effect of dilution**	—		622		1,067		676
Convertible Notes - effect of dilution	—		25,224		8,221		25,224



Weighted shares outstanding - diluted	55,648		82,407		65,269		82,270
Diluted (loss) earnings per common share	$	(0.12)	$	0.20	$	0.11	$	0.42

Potential common shares excluded from the calculation of diluted (loss) earnings per common share above:
Equity-based compensation awards**	1,014		—		—		—
Convertible Notes***	30,417		—		20,141		—



Restricted stock****	1,504		1,756		1,528		1,847
Total	32,935		1,756		21,669		1,847

* The six months ended March 31, 2023 includes $5.4 million gain on the partial extinguishment of debt, associated with the 2025 Convertible Notes, which was recorded to "Interest expense" in the Company's condensed consolidated statement of operations. See Note 7: Debt for additional information.

** 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 7: Debt for conversion rate of the 2024 Convertible Notes, 2025 Convertible Notes, and 2029 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.

Contingencies (Details) $ in Millions	3 Months Ended
Contingencies (Details) $ in Millions	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Settlement, expense	$ 2.0

Debt - Convertible Senior Notes Due 2024 (Details) - 2024 Convertible Notes	Jul. 05, 2017 USD ($) day $ / shares	Mar. 31, 2023 USD ($)
Class A Common Stock
Debt Instrument [Line Items]
Conversion rate per $1,000 principal amount	0.1
Senior Notes
Debt Instrument [Line Items]
Stated interest rate	2.875%
Principle amount \| $	$ 143,750,000
Amount outstanding \| $		$ 34,400,000
Effective interest rate		3.35%
Conversion price, per share (in dollars per share) \| $ / shares	$ 10.00
Senior Notes \| Debt Conversion, Condition One
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%
Senior Notes \| Debt Conversion, Condition One \| Debt Instrument, Redemption, Period One
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%
Senior Notes \| Debt Conversion, Condition Two
Debt Instrument [Line Items]
Business day threshold	5 days
Threshold consecutive trading days	5 days
Maximum percentage of stock price product	98.00%

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (6,790)	$ 14,887	$ 9,988	$ 30,608
Other comprehensive income:
Foreign currency translation adjustment, net of tax	16,148	3,666	18,652	6,705
Comprehensive income	$ 9,358	$ 18,553	$ 28,640	$ 37,313

- 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 https://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 https://asc.fasb.org/extlink&oid=126968391&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 https://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 https://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 https://asc.fasb.org/extlink&oid=126975872&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 https://asc.fasb.org/extlink&oid=126975872&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126732423&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 https://asc.fasb.org/extlink&oid=126975872&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 https://asc.fasb.org/extlink&oid=126975872&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 https://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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126954810&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 https://asc.fasb.org/extlink&oid=126929396&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 https://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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126975872&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 https://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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126968391&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 https://asc.fasb.org/extlink&oid=126975872&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 https://asc.fasb.org/extlink&oid=126975872&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 https://asc.fasb.org/extlink&oid=126975872&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 https://asc.fasb.org/extlink&oid=126975872&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 https://asc.fasb.org/extlink&oid=126975872&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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

(Loss) Earnings per Share (Tables)

6 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Net Components of Basic and Diluted (Loss) Earnings Per Share

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


	Three Months Ended March 31,				Six Months Ended March 31,
(in thousands, except per share amounts)	2023		2022		2023		2022

Basic (loss) earnings per common share:
Net (loss) income - basic	$	(6,790)	$	14,887	$	9,988	$	30,608
Weighted shares outstanding - basic	55,648		56,561		55,981		56,370
Basic (loss) earnings per common share	$	(0.12)	$	0.26	$	0.18	$	0.54

Diluted (loss) earnings per common share:
Net (loss) income - basic	$	(6,790)	$	14,887	$	9,988	$	30,608
Add: Convertible Notes interest expense, net of tax*	—		1,846		(2,733)		3,730



Net (loss) income - diluted	$	(6,790)	$	16,733	$	7,255	$	34,338
Weighted shares outstanding - basic	55,648		56,561		55,981		56,370
Equity-based compensation awards - effect of dilution**	—		622		1,067		676
Convertible Notes - effect of dilution	—		25,224		8,221		25,224



Weighted shares outstanding - diluted	55,648		82,407		65,269		82,270
Diluted (loss) earnings per common share	$	(0.12)	$	0.20	$	0.11	$	0.42

Potential common shares excluded from the calculation of diluted (loss) earnings per common share above:
Equity-based compensation awards**	1,014		—		—		—
Convertible Notes***	30,417		—		20,141		—



Restricted stock****	1,504		1,756		1,528		1,847
Total	32,935		1,756		21,669		1,847

** 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 7: Debt for conversion rate of the 2024 Convertible Notes, 2025 Convertible Notes, and 2029 Convertible Notes.

Fair Value Measurements

6 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 6: 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
	March 31, 2023		March 31, 2023		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	$	1,233	$	1,233	$	—	$	—	$	1,233
12.00% promissory note receivable from Founders	15,600		15,600		—		—		15,600

Investments in unconsolidated affiliates	10,681		42,917		42,917		—		—
Other investments	39,220		39,220		—		—		39,220
Financial liabilities:
2024 Convertible Notes	$	34,184	$	34,389	$	—	$	34,389	$	—
2025 Convertible Notes	102,312		94,690		—		94,690		—
2029 Convertible Notes	222,791		221,529		—		221,529		—


	Carrying Value		Estimated Fair Value
	March 31, 2022		March 31, 2022		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	$	1,198	$	1,198	$	—	$	—	$	1,198
Investments in unconsolidated affiliates	42,002		51,502		44,529		—		6,973
Other investments	18,000		18,000		—		—		18,000
Financial liabilities:
2024 Convertible Notes	$	142,248	$	141,594	$	—	$	141,594	$	—
2025 Convertible Notes	169,920		153,525		—		153,525		—


	Carrying Value		Estimated Fair Value
	September 30, 2022		September 30, 2022		Fair Value Measurement Using
(in thousands)					Level 1		Level 2		Level 3

Financial assets:
2.89% promissory note receivable due April 2024	$	1,215	$	1,215	$	—	$	—	$	1,215
Investments in unconsolidated affiliates	37,733		40,279		40,279		—		—
Other investments	24,220		24,220		—		—		24,220
Financial liabilities:
2024 Convertible Notes	$	142,575	$	157,727	$	—	$	157,727	$	—
2025 Convertible Notes	170,328		147,488		—		147,488		—

Due to the short-term nature of cash and cash equivalents, pawn loans and pawn service charges receivable, 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, fees and interest receivable and other debt could significantly increase or decrease these fair value estimates.

The Company remeasures its acquisition-related contingent obligation associated with the acquisition in June 2021 of PLO del Bajio S. de R.S. de C.V., which owned stores operating under the name "Cash Apoyo Efectivo," at the end of each reporting period. This remeasurement resulted in a $2.5 million reduction of the obligation with an offset recorded to "Other" as an operating item in our condensed consolidated statement of operations during the second quarter of fiscal 2023. The remaining obligation of $2.5 million is included in "Accounts payable, accrued expenses and other current liabilities" in our Consolidated Balance Sheet as of March 31, 2023. 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 March 31, 2023.

In December 2022, we loaned $15.0 million to Founders in exchange for a Demand Promissory Note secured by the common interest in Founders held by the other member. The note bears interest at the rate of 12.00% per annum, and all principal and accrued interest is due on demand. The fair value of the note approximated its carrying value as of March 31, 2023.

We use the equity method of accounting to account for our ownership interest in Cash Converters. 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.

The $39.2 million in "Other investments" as of March 31, 2023, includes $30.0 million related to our investment in Founders and $6.2 million related to our investment in Rich Data Corporation ("RDC"). We believe the investment's fair value approximated its carrying value although such fair value is highly variable and includes significant unobservable inputs. The $18.0 million "Other investments" as of March 31, 2022, includes $15.0 million related to our investment in Founders.

We determined the fair value of the 2024, 2025 and 2029 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.

- 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 (Tables)

6 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long Term Debt Instruments

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


	March 31, 2023						March 31, 2022						September 30, 2022
(in thousands)	Gross Amount		Debt Issuance Costs		Carrying Amount		Gross Amount		Debt Issuance Costs		Carrying Amount		Gross Amount		Debt Issuance Costs		Carrying Amount

2029 Convertible Notes	$	230,000	$	(7,209)	$	222,791	$	—	$	—	$	—	$	—	$	—	$	—
2025 Convertible Notes	103,373		(1,061)		102,312		172,500		(2,580)		169,920		172,500		(2,172)		170,328
2024 Convertible Notes	34,389		(205)		34,184		143,750		(1,502)		142,248		143,750		(1,175)		142,575



Total long-term debt	$	367,762	$	(8,475)	$	359,287	$	316,250	$	(4,082)	$	312,168	$	316,250	$	(3,347)	$	312,903

Schedule of Maturities of Long-Term Debt

The following table presents the Company's contractual maturities related to the debt instruments as of March 31, 2023:


	Schedule of Contractual Maturities
(in thousands)	2029 Convertible Notes		2025 Convertible Notes		2024 Convertible Notes		Total

Remaining 2023	$	—	$	—	$	—	$	—
Fiscal 2024	—		—		34,389		34,389
Fiscal 2025	—		103,373		—		103,373
Fiscal 2026	—		—		—		—
Fiscal 2027	—		—		—		—
Thereafter	230,000		—		—		230,000
Total long-term debt	$	230,000	$	103,373	$	34,389	$	367,762

Schedule of Interest Income and Interest Expense Disclosure

The following table presents the Company's interest expense related to the Convertible Notes for the three and six months ended March 31, 2023 and 2022:


	Three Months Ended March 31,				Six Months Ended March 31,
(in thousands)	2023		2022		2023		2022

2029 Convertible Notes:
Contractual interest expense	$	2,156	$	—	$	2,587	$	—
Amortization of deferred financing costs	197		—		249		—

Total interest expense	$	2,353	$	—	$	2,836	$	—

2025 Convertible Notes:
Contractual interest expense	$	614	$	1,024	$	1,556	$	2,048
Amortization of deferred financing costs	120		182		308		389
Gain on extinguishment	—		—		(5,389)		—
Total interest expense	$	734	$	1,206	$	(3,525)	$	2,437

2024 Convertible Notes:
Contractual interest expense	$	247	$	1,033	$	1,123	$	2,066
Amortization of deferred financing costs	41		142		179		309
Loss on extinguishment	—		—		8,935		—
Total interest expense	$	288	$	1,175	$	10,237	$	2,375

- 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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=126973232&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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://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 https://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 https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644

+ Details

Common Stock and Stock Compensation - Additional Information (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended		11 Months Ended
	May 03, 2022	Dec. 31, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock repurchased and retired (in shares)		578,703
Common stock repurchased and retired			$ 3,951	$ 7,027
Repurchase of common stock		$ 5,000			$ 10,978	$ 0
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, amount authorized	$ 50,000
Stock repurchase program, period (in years)	3 years
Common stock repurchased and retired (in shares)							929,336
Common stock repurchased and retired							$ 8,000
Stock repurchased during period, value			$ 3,900

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - 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, 2021			56,057
Beginning 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, net of shares withheld for taxes (in shares)			257
Release of restricted stock, net of shares withheld for taxes	3		$ 3
Taxes paid related to net share settlement of equity awards	(792)			(792)
Foreign currency translation gain	3,039							3,039
Net income (loss)	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)
Beginning balance (in shares) at Sep. 30, 2021			56,057
Beginning 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]
Net income (loss)	30,608
Ending balance (in shares) at Mar. 31, 2022			56,656
Ending balance at Mar. 31, 2022	$ 675,016		$ 567	341,913		384,246		(51,710)
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]
Beginning balance (in shares) at Sep. 30, 2021			56,057
Beginning balance at Sep. 30, 2021	$ 672,238	$ (37,406)	$ 560	403,312	$ (64,263)	326,781	$ 26,857	(58,415)
Ending balance (in shares) at Sep. 30, 2022			56,425
Ending balance at Sep. 30, 2022	692,231		$ 564	345,330		402,006		(55,669)
Beginning balance (in shares) at Dec. 31, 2021			56,314
Beginning balance at Dec. 31, 2021	654,501		$ 563	339,955		369,359		(55,376)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	460			460
Transfer of consideration for other investment (in shares)			213
Transfer of consideration for other investment	1,500		$ 2	1,498
Release of restricted stock, net of shares withheld for taxes (in shares)			129
Release of restricted stock, net of shares withheld for taxes	2		$ 2
Foreign currency translation gain	3,666							3,666
Net income (loss)	14,887					14,887
Ending balance (in shares) at Mar. 31, 2022			56,656
Ending balance at Mar. 31, 2022	675,016		$ 567	341,913		384,246		(51,710)
Beginning balance (in shares) at Sep. 30, 2022			56,425
Beginning balance at Sep. 30, 2022	692,231		$ 564	345,330		402,006		(55,669)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	1,886			1,886
Transfer of equity consideration for acquisition (in shares)			10
Transfer of equity consideration for acquisition	99			99
Release of restricted stock, net of shares withheld for taxes (in shares)			235
Release of restricted stock, net of shares withheld for taxes	2		$ 2
Taxes paid related to net share settlement of equity awards	(1,138)			(1,138)
Foreign currency translation gain	2,504							2,504
Purchase and retirement of treasury stock (in shares)			(822)
Purchase and retirement of treasury stock	(7,027)		$ (7)	(3,165)		(3,855)
Net income (loss)	16,778					16,778
Ending balance (in shares) at Dec. 31, 2022			55,848
Ending balance at Dec. 31, 2022	705,335		$ 559	343,012		414,929		(53,165)
Beginning balance (in shares) at Sep. 30, 2022			56,425
Beginning balance at Sep. 30, 2022	692,231		$ 564	345,330		402,006		(55,669)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	9,988
Ending balance (in shares) at Mar. 31, 2023			55,531
Ending balance at Mar. 31, 2023	712,588		$ 556	343,088		405,961		(37,017)
Beginning balance (in shares) at Dec. 31, 2022			55,848
Beginning balance at Dec. 31, 2022	705,335		$ 559	343,012		414,929		(53,165)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	1,855			1,855
Release of restricted stock, net of shares withheld for taxes (in shares)			132
Release of restricted stock, net of shares withheld for taxes	2		$ 2
Taxes paid related to net share settlement of equity awards (in shares)			(1)
Taxes paid related to net share settlement of equity awards	(11)			(11)
Foreign currency translation gain	16,148							16,148
Purchase and retirement of treasury stock (in shares)			(448)
Purchase and retirement of treasury stock	(3,951)		$ (5)	(1,768)		(2,178)
Net income (loss)	(6,790)					(6,790)
Ending balance (in shares) at Mar. 31, 2023			55,531
Ending balance at Mar. 31, 2023	$ 712,588		$ 556	$ 343,088		$ 405,961		$ (37,017)

Common Stock and Stock Compensation - Restricted Stock Award Activity (Details) - Restricted stock	6 Months Ended
	Mar. 31, 2023 $ / shares shares
Shares
Outstanding, beginning balance (in shares)	2,113,323
Granted (in shares)	1,008,180
Released (in shares)	(480,238)
Cancelled (in shares)	(54,497)
Outstanding, ending balance (in shares)	2,586,768
Weighted Average Grant Date Fair Value
Outstanding, beginning balance (in dollars per share) \| $ / shares	$ 5.88
Granted (in dollars per share) \| $ / shares	7.82
Released (in dollars per share) \| $ / shares	4.86
Cancelled (in dollars per share) \| $ / shares	6.55
Outstanding, ending balance (in dollars per share) \| $ / shares	$ 6.81
Shares withheld to satisfy related income tax withholding (in shares)	114,311

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Mar. 31, 2023
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 provider of pawn loans in the United States ("U.S.") 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, 2022, filed with the Securities and Exchange Commission ("SEC") on November 16, 2022 (“2022 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 and six-month period ended March 31, 2023, are not necessarily indicative of results that may be expected for the fiscal year ending September 30, 2023 or any other period due, in part, to seasonal variations. There have been no changes that have had a material impact in significant accounting policies as described in our 2022 Annual Report. 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 and Assumptions 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. We base our estimates on historical experience, observable trends and various other assumptions we believe are reasonable. Actual results may differ materially from these estimates under different assumptions or conditions. 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 Condensed Consolidated Financial Statements.

Debt

6 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Debt

NOTE 7: DEBT

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


	March 31, 2023						March 31, 2022						September 30, 2022
(in thousands)	Gross Amount		Debt Issuance Costs		Carrying Amount		Gross Amount		Debt Issuance Costs		Carrying Amount		Gross Amount		Debt Issuance Costs		Carrying Amount

2029 Convertible Notes	$	230,000	$	(7,209)	$	222,791	$	—	$	—	$	—	$	—	$	—	$	—
2025 Convertible Notes	103,373		(1,061)		102,312		172,500		(2,580)		169,920		172,500		(2,172)		170,328
2024 Convertible Notes	34,389		(205)		34,184		143,750		(1,502)		142,248		143,750		(1,175)		142,575



Total long-term debt	$	367,762	$	(8,475)	$	359,287	$	316,250	$	(4,082)	$	312,168	$	316,250	$	(3,347)	$	312,903

The following table presents the Company's contractual maturities related to the debt instruments as of March 31, 2023:


	Schedule of Contractual Maturities
(in thousands)	2029 Convertible Notes		2025 Convertible Notes		2024 Convertible Notes		Total

Remaining 2023	$	—	$	—	$	—	$	—
Fiscal 2024	—		—		34,389		34,389
Fiscal 2025	—		103,373		—		103,373
Fiscal 2026	—		—		—		—
Fiscal 2027	—		—		—		—
Thereafter	230,000		—		—		230,000
Total long-term debt	$	230,000	$	103,373	$	34,389	$	367,762

The following table presents the Company's interest expense related to the Convertible Notes for the three and six months ended March 31, 2023 and 2022:


	Three Months Ended March 31,				Six Months Ended March 31,
(in thousands)	2023		2022		2023		2022

2029 Convertible Notes:
Contractual interest expense	$	2,156	$	—	$	2,587	$	—
Amortization of deferred financing costs	197		—		249		—

Total interest expense	$	2,353	$	—	$	2,836	$	—

2025 Convertible Notes:
Contractual interest expense	$	614	$	1,024	$	1,556	$	2,048
Amortization of deferred financing costs	120		182		308		389
Gain on extinguishment	—		—		(5,389)		—
Total interest expense	$	734	$	1,206	$	(3,525)	$	2,437

2024 Convertible Notes:
Contractual interest expense	$	247	$	1,033	$	1,123	$	2,066
Amortization of deferred financing costs	41		142		179		309
Loss on extinguishment	—		—		8,935		—
Total interest expense	$	288	$	1,175	$	10,237	$	2,375

3.750% Convertible Senior Notes Due 2029

In December 2022, we issued $230.0 million aggregate principal amount of 3.750% Convertible Senior Notes Due 2029 (the “2029 Convertible Notes”). The 2029 Convertible Notes were issued pursuant to an indenture dated December 12, 2022 (the "2022 Indenture") by and between the Company and Truist Bank, as trustee. The 2029 Convertible Notes were issued in a private offering under Rule 144A under the Securities Act of 1933. The 2029 Convertible Notes pay interest semi-annually in arrears at a rate of 3.750% per annum on June 15 and December 15 of each year, commencing June 15, 2023, and mature on December 15, 2029 (the "2029 Maturity Date"), unless converted, redeemed or repurchased in accordance with the terms prior to such date. At maturity, the holders of the 2029 Convertible Notes will be entitled to receive cash equal to the principal of the 2029 Convertible Notes plus accrued interest.

The effective interest rate for the three and six months ended March 31, 2023 was approximately 4.28%. As of March 31, 2023, the remaining unamortized debt issuance costs will be amortized using the effective interest method through the 2029 Maturity Date assuming no early conversion.

The 2029 Convertible Notes are convertible based on an initial conversion rate of 89.0313 shares of Class A Common Stock per $1,000 principal amount (equivalent to an initial conversion price of $11.23 per share). The conversion rate will not be adjusted for any accrued and unpaid interest. The 2029 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 June 15, 2029, the 2029 Convertible Notes will be convertible only under the following circumstances: (1) during any fiscal quarter commencing after the fiscal quarter ending on March 31, 2023 (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 2022 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 2029 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 2022 Indenture. On or after June 15, 2029 until the close of business on the business day immediately preceding the 2029 Maturity Date, holders of 2029 Convertible Notes may, at their option, convert their 2029 Convertible Notes at any time, regardless of the foregoing circumstances.

We may not redeem the Notes prior to December 21, 2026. At our option, we may redeem for cash all or any portion of the 2029 Convertible Notes on or after December 21, 2026, 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 2029 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 March 31, 2023. As of March 31, 2023, the if-converted value of the 2029 Convertible Notes did not exceed the principal amount.

Note Repurchases

In December 2022, the Company repurchased approximately $109.4 million aggregate principal amount of 2.875% Convertible Senior Notes Due 2024 for approximately $117.5 million plus accrued interest and approximately $69.1 million aggregate principal amount of 2.375% Convertible Senior Notes Due 2025 for approximately $62.9 million plus accrued interest and recognized a $3.5 million loss on extinguishment of debt recorded to "Interest expense" in the Company's condensed consolidated statement of operations.

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”), for which $103.4 million remains outstanding as of March 31, 2023. 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 and six months ended March 31, 2023 was approximately 2.88% for the 2025 Convertible Notes. As of March 31, 2023, 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 March 31, 2023. As of March 31, 2023, the if-converted value of the 2025 Convertible Notes did not exceed the principal amount.

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”), for which $34.4 million remains outstanding as of March 31, 2023. 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 and six months ended March 31, 2023 was approximately 3.35%. As of March 31, 2023, 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 March 31, 2023. As of March 31, 2023, the if-converted value of the 2024 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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Supplemental Consolidated Financial Information

6 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Consolidated Financial Information

NOTE 11: SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

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


(in thousands)	March 31, 2023		March 31, 2022		September 30, 2022

Gross pawn service charges receivable	$	42,335	$	35,886	$	44,192
Allowance for uncollectible pawn service charges receivable	(9,219)		(7,567)		(10,716)
Pawn service charges receivable, net	$	33,116	$	28,319	$	33,476

Gross inventory	$	153,348	$	123,944	$	153,673
Inventory reserves	(3,051)		(4,054)		(2,058)
Inventory, net	$	150,297	$	119,890	$	151,615

Prepaid expenses and other	$	7,677	$	10,245	$	8,336
Accounts receivable, notes receivable and other	27,817		8,255		8,435
Income taxes prepaid and receivable	10,070		8,767		17,923
Prepaid expenses and other current assets	$	45,564	$	27,267	$	34,694

Property and equipment, gross	$	325,458	$	293,087	$	306,667
Accumulated depreciation	(265,683)		(242,213)		(249,942)
Property and equipment, net	$	59,775	$	50,874	$	56,725

Accounts payable	$	18,443	$	17,756	$	24,056
Accrued payroll	8,842		8,631		8,365
Incentive accrual	8,997		8,196		17,403
Other payroll related expenses	8,351		7,877		9,592
Accrued sales and VAT taxes	6,949		8,022		7,279
Accrued income taxes payable	3,662		4,346		2,663
Other current liabilities	17,451		14,867		15,151
Accounts payable, accrued expenses and other current liabilities	$	72,695	$	69,695	$	84,509

The following table provides supplemental disclosure of Consolidated Statements of Cash Flows information:


	Six Months Ended March 31,
(in thousands)	2023		2022

Supplemental disclosure of cash flow information
Cash and cash equivalents	$	243,128	$	254,964
Restricted cash	8,451		8,713
Total cash and cash equivalents and restricted cash	$	251,579	$	263,677

Non-cash investing and financing activities:
Pawn loans forfeited and transferred to inventory	$	159,398	$	134,562
Transfer of consideration for other investment	—		1,500
Transfer of equity consideration for acquisition	99		—
Acquisition earn-out contingency	2,000		—
Accrued acquisition consideration	1,145		—

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022
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)	52,561,071	53,454,885	53,685,333
Common stock, shares outstanding (in shares)	52,561,071	53,454,885	53,685,333
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

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Lessee, Lease, Description [Line Items]
Operating lease payments	$ 18.9	$ 18.0	$ 37.4	$ 35.6
Operating lease liability non cash			$ 34.5	$ 28.1
Minimum
Lessee, Lease, Description [Line Items]
Initial term of lease (in years)	3 years		3 years
Maximum
Lessee, Lease, Description [Line Items]
Initial term of lease (in years)	10 years		10 years

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended	6 Months Ended		12 Months Ended
	Dec. 31, 2022	Apr. 30, 2019	Mar. 31, 2023	Mar. 31, 2023	Mar. 31, 2022	Sep. 30, 2022	Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition earn-out contingency			$ 2,000	$ 2,000	$ 0
Other investments			39,220	39,220	18,000	$ 24,220
Bajio
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reduction in contingent consideration liability			2,500
Acquisition earn-out contingency			2,500	2,500
Founders One LLC
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments			30,000	30,000	$ 15,000
Rich Data Corp
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments			$ 6,200	$ 6,200
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%
12.00% promissory note receivable from Founders
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable, fair value	$ 15,000
Interest on note receivable	12.00%			12.00%

Debt - Convertible Senior Notes Due 2029 (Details)				1 Months Ended	3 Months Ended		6 Months Ended
Debt - Convertible Senior Notes Due 2029 (Details)	Dec. 12, 2022 USD ($) day $ / shares	May 14, 2018 USD ($) day $ / shares	Jul. 05, 2017 USD ($) day $ / shares	Dec. 31, 2022 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt \| $				$ 3,500,000			$ 3,545,000	$ 0
2029 Convertible Notes \| Class A Common Stock
Debt Instrument [Line Items]
Conversion rate per $1,000 principal amount	0.0890313
2029 Convertible Notes \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	3.75%
Principle amount \| $	$ 230,000,000
Effective interest rate					4.28%		4.28%
Conversion price, per share (in dollars per share) \| $ / shares	$ 11.23
2029 Convertible Notes \| Senior Notes \| Debt Conversion, Condition One
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%
2029 Convertible Notes \| Senior Notes \| Debt Conversion, Condition One \| Debt Instrument, Redemption, Period One
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%
2029 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
2024 Convertible Notes \| Class A Common Stock
Debt Instrument [Line Items]
Conversion rate per $1,000 principal amount			0.1
2024 Convertible Notes \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate			2.875%
Principle amount \| $			$ 143,750,000
Effective interest rate					3.35%		3.35%
Conversion price, per share (in dollars per share) \| $ / shares			$ 10.00
Loss on extinguishment of debt \| $					$ 0	$ 0	$ 8,935,000	0
2024 Convertible Notes \| Senior Notes \| Debt Conversion, Condition One
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%
2024 Convertible Notes \| Senior Notes \| Debt Conversion, Condition One \| Debt Instrument, Redemption, Period One
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%
2024 Convertible Notes \| Notes Repurchases
Debt Instrument [Line Items]
Repurchased principal amount \| $					$ 109,400,000		$ 109,400,000
Repurchase price \| $				117,500,000
2025 Convertible Notes \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate		2.375%
Principle amount \| $		$ 172,500,000
Effective interest rate					2.88%		2.88%
Conversion rate per $1,000 principal amount		0.0628931
Conversion price, per share (in dollars per share) \| $ / shares		$ 15.90
Loss on extinguishment of debt \| $					$ 0	$ 0	$ (5,389,000)	$ 0
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 consecutive trading days		30
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
2025 Convertible Notes \| Notes Repurchases
Debt Instrument [Line Items]
Repurchased principal amount \| $					$ 69,100,000		$ 69,100,000
Repurchase price \| $				$ 62,900,000

Common Stock and Stock Compensation (Tables)

6 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule 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, 2022	2,113,323	$	5.88
Granted	1,008,180	7.82
Released (a)	(480,238)	4.86
Cancelled	(54,497)	6.55
Outstanding as of March 31, 2023	2,586,768	$	6.81

(a) 114,311 shares were withheld to satisfy related income tax withholding.

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	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, 2022, filed with the Securities and Exchange Commission ("SEC") on November 16, 2022 (“2022 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 and six-month period ended March 31, 2023, are not necessarily indicative of results that may be expected for the fiscal year ending September 30, 2023 or any other period due, in part, to seasonal variations. There have been no changes that have had a material impact in significant accounting policies as described in our 2022 Annual Report. 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 and Assumptions	Use of Estimates and Assumptions 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. We base our estimates on historical experience, observable trends and various other assumptions we believe are reasonable. Actual results may differ materially from these estimates under different assumptions or conditions.
Recently Issued Accounting Pronouncements	Recently Issued Accounting PronouncementsWe reviewed all recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a material impact on our Condensed Consolidated Financial Statements.

Leases

6 Months Ended

Mar. 31, 2023

Leases [Abstract]

Leases

NOTE 4: 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 table below presents balances of our lease assets and liabilities and their balance sheet locations for both operating and financing leases:


(in thousands)	Balance Sheet Location	March 31, 2023		March 31, 2022		September 30, 2022
Lease assets:
Operating lease right-of-use assets	Right-of-use assets, net	$	234,287	$	204,343	$	221,405
Financing lease assets	Other assets	1,289		—		181
Total lease assets		$	235,576	$	204,343	$	221,586




Lease liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	53,921	$	52,446	$	52,334
Financing lease liabilities	Accounts payable, accrued expenses and other current liabilities	282		—		37
Total current lease liabilities		$	54,203	$	52,446	$	52,371

Non-current:
Operating lease liabilities	Operating lease liabilities	$	191,874	$	163,506	$	180,756
Financing lease liabilities	Other long-term liabilities	1,024		—		148
Total non-current lease liabilities		$	192,898	$	163,506	$	180,904
Total lease liabilities		$	247,101	$	215,952	$	233,275

The table below provides major components of our lease costs:


	Three Months Ended March 31,				Six Months Ended March 31,
(in thousands)	2023		2022		2023		2022

Operating lease cost:
Operating lease cost *	$	18,023	$	16,789	$	35,518	$	33,151
Variable lease cost	4,028		3,834		7,880		7,376
Total operating lease cost	$	22,051	$	20,623	$	43,398	$	40,527

Financing lease cost:
Amortization of financing lease assets	$	55	$	—	$	74	$	—
Interest on financing lease liabilities	24		—		35		—
Total financing lease cost	$	79	$	—	$	109	$	—
Total lease cost	$	22,130	$	20,623	$	43,507	$	40,527

* Includes a reduction for sublease rental income of $1.1 million and $0.8 million for the three months ended March 31, 2023 and 2022, respectively and $1.8 million and $1.7 million for the six months ended March 31, 2023 and 2022, respectively.

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. Cash paid for operating leases was $18.9 million and $18.0 million for the three months ended March 31, 2023 and 2022, respectively and $37.4 million and $35.6 million for the six months ended March 31, 2023 and 2022, respectively.

The weighted-average term and discount rates for leases are as follows:


	Six Months Ended March 31,
	2023		2022

Weighted-average remaining lease term (years):
Operating leases	5.16		5.00
Financing leases	3.97		N/A

Weighted-average discount rate:
Operating leases	8.42	%	8.27	%
Financing leases	11.14	%	N/A

As of March 31, 2023, maturities of lease liabilities under ASC 842 by fiscal year were as follows:


(in thousands)	Operating Leases		Financing Leases
Remaining 2023	$	36,727	$	310
Fiscal 2024	68,717		413
Fiscal 2025	58,855		413
Fiscal 2026	48,125		401
Fiscal 2027	34,973		81
Thereafter	55,547		—
Total lease liabilities	$	302,944	$	1,618
Less: portion representing imputed interest	57,149		312
Total net lease liabilities	$	245,795	$	1,306
Less: current portion	53,921		282
Total long term net lease liabilities	$	191,874	$	1,024

We recorded $34.5 million and $28.1 million in non-cash additions to our right-of-use assets and lease liabilities for the six months ended March 31, 2023 and March 31, 2022, respectively.

Leases

NOTE 4: LEASES

The table below presents balances of our lease assets and liabilities and their balance sheet locations for both operating and financing leases:


(in thousands)	Balance Sheet Location	March 31, 2023		March 31, 2022		September 30, 2022
Lease assets:
Operating lease right-of-use assets	Right-of-use assets, net	$	234,287	$	204,343	$	221,405
Financing lease assets	Other assets	1,289		—		181
Total lease assets		$	235,576	$	204,343	$	221,586




Lease liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	53,921	$	52,446	$	52,334
Financing lease liabilities	Accounts payable, accrued expenses and other current liabilities	282		—		37
Total current lease liabilities		$	54,203	$	52,446	$	52,371

Non-current:
Operating lease liabilities	Operating lease liabilities	$	191,874	$	163,506	$	180,756
Financing lease liabilities	Other long-term liabilities	1,024		—		148
Total non-current lease liabilities		$	192,898	$	163,506	$	180,904
Total lease liabilities		$	247,101	$	215,952	$	233,275

The table below provides major components of our lease costs:


	Three Months Ended March 31,				Six Months Ended March 31,
(in thousands)	2023		2022		2023		2022

Operating lease cost:
Operating lease cost *	$	18,023	$	16,789	$	35,518	$	33,151
Variable lease cost	4,028		3,834		7,880		7,376
Total operating lease cost	$	22,051	$	20,623	$	43,398	$	40,527

Financing lease cost:
Amortization of financing lease assets	$	55	$	—	$	74	$	—
Interest on financing lease liabilities	24		—		35		—
Total financing lease cost	$	79	$	—	$	109	$	—
Total lease cost	$	22,130	$	20,623	$	43,507	$	40,527

The weighted-average term and discount rates for leases are as follows:


	Six Months Ended March 31,
	2023		2022

Weighted-average remaining lease term (years):
Operating leases	5.16		5.00
Financing leases	3.97		N/A

Weighted-average discount rate:
Operating leases	8.42	%	8.27	%
Financing leases	11.14	%	N/A

As of March 31, 2023, maturities of lease liabilities under ASC 842 by fiscal year were as follows:


(in thousands)	Operating Leases		Financing Leases
Remaining 2023	$	36,727	$	310
Fiscal 2024	68,717		413
Fiscal 2025	58,855		413
Fiscal 2026	48,125		401
Fiscal 2027	34,973		81
Thereafter	55,547		—
Total lease liabilities	$	302,944	$	1,618
Less: portion representing imputed interest	57,149		312
Total net lease liabilities	$	245,795	$	1,306
Less: current portion	53,921		282
Total long term net lease liabilities	$	191,874	$	1,024

We recorded $34.5 million and $28.1 million in non-cash additions to our right-of-use assets and lease liabilities for the six months ended March 31, 2023 and March 31, 2022, respectively.

Leases (Tables)

6 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Lessee Assets and Liabilities

The table below presents balances of our lease assets and liabilities and their balance sheet locations for both operating and financing leases:


(in thousands)	Balance Sheet Location	March 31, 2023		March 31, 2022		September 30, 2022
Lease assets:
Operating lease right-of-use assets	Right-of-use assets, net	$	234,287	$	204,343	$	221,405
Financing lease assets	Other assets	1,289		—		181
Total lease assets		$	235,576	$	204,343	$	221,586




Lease liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	53,921	$	52,446	$	52,334
Financing lease liabilities	Accounts payable, accrued expenses and other current liabilities	282		—		37
Total current lease liabilities		$	54,203	$	52,446	$	52,371

Non-current:
Operating lease liabilities	Operating lease liabilities	$	191,874	$	163,506	$	180,756
Financing lease liabilities	Other long-term liabilities	1,024		—		148
Total non-current lease liabilities		$	192,898	$	163,506	$	180,904
Total lease liabilities		$	247,101	$	215,952	$	233,275

Schedule of Lease Cost

The table below provides major components of our lease costs:


	Three Months Ended March 31,				Six Months Ended March 31,
(in thousands)	2023		2022		2023		2022

Operating lease cost:
Operating lease cost *	$	18,023	$	16,789	$	35,518	$	33,151
Variable lease cost	4,028		3,834		7,880		7,376
Total operating lease cost	$	22,051	$	20,623	$	43,398	$	40,527

Financing lease cost:
Amortization of financing lease assets	$	55	$	—	$	74	$	—
Interest on financing lease liabilities	24		—		35		—
Total financing lease cost	$	79	$	—	$	109	$	—
Total lease cost	$	22,130	$	20,623	$	43,507	$	40,527

The weighted-average term and discount rates for leases are as follows:


	Six Months Ended March 31,
	2023		2022

Weighted-average remaining lease term (years):
Operating leases	5.16		5.00
Financing leases	3.97		N/A

Weighted-average discount rate:
Operating leases	8.42	%	8.27	%
Financing leases	11.14	%	N/A

Schedule of Operating Lease Maturity

As of March 31, 2023, maturities of lease liabilities under ASC 842 by fiscal year were as follows:


(in thousands)	Operating Leases		Financing Leases
Remaining 2023	$	36,727	$	310
Fiscal 2024	68,717		413
Fiscal 2025	58,855		413
Fiscal 2026	48,125		401
Fiscal 2027	34,973		81
Thereafter	55,547		—
Total lease liabilities	$	302,944	$	1,618
Less: portion representing imputed interest	57,149		312
Total net lease liabilities	$	245,795	$	1,306
Less: current portion	53,921		282
Total long term net lease liabilities	$	191,874	$	1,024

(Loss) Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Basic (loss) earnings per common share:
Net (loss) income - basic		$ (6,790)	$ 14,887	$ 9,988	$ 30,608
Weighted shares outstanding - basic (in shares)		55,648	56,561	55,981	56,370
Basic (loss) earnings per common share (in dollars per share)		$ (0.12)	$ 0.26	$ 0.18	$ 0.54
Diluted (loss) earnings per common share:
Net (loss) income - basic		$ (6,790)	$ 14,887	$ 9,988	$ 30,608
Add: Convertible Notes interest expense, net of tax		0	1,846	(2,733)	3,730
Net (loss) income - diluted		$ (6,790)	$ 16,733	$ 7,255	$ 34,338
Weighted shares outstanding - basic (in shares)		55,648	56,561	55,981	56,370
Equity-based compensation awards - Effect of dilution (in shares)		0	622	1,067	676
Convertible Notes - Effect of dilution (in shares)		0	25,224	8,221	25,224
Weighted shares outstanding - diluted (in shares)		55,648	82,407	65,269	82,270
Diluted (loss) earnings per common share (in dollars per share)		$ (0.12)	$ 0.20	$ 0.11	$ 0.42
Potential common shares excluded from the calculation of diluted (loss) earnings per common share above (in shares)		32,935	1,756	21,669	1,847
Gain (loss) on extinguishment of debt	$ (3,500)			$ (3,545)	$ 0
2025 Convertible Notes
Diluted (loss) earnings per common share:
Gain (loss) on extinguishment of debt				$ 5,400
Share-Based Payment Arrangement
Diluted (loss) earnings per common share:
Potential common shares excluded from the calculation of diluted (loss) earnings per common share above (in shares)		1,014	0	0	0
Convertible Debt Securities
Diluted (loss) earnings per common share:
Potential common shares excluded from the calculation of diluted (loss) earnings per common share above (in shares)		30,417	0	20,141	0
Restricted stock
Diluted (loss) earnings per common share:
Potential common shares excluded from the calculation of diluted (loss) earnings per common share above (in shares)		1,504	1,756	1,528	1,847

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Operating lease cost:
Operating lease cost	$ 18,023	$ 16,789	$ 35,518	$ 33,151
Variable lease cost	4,028	3,834	7,880	7,376
Total operating lease cost	22,051	20,623	43,398	40,527
Financing lease cost:
Amortization of financing lease assets	55	0	74	0
Interest on financing lease liabilities	24	0	35	0
Total financing lease cost	79	0	109	0
Total lease cost	22,130	20,623	43,507	40,527
Sublease income	$ 1,100	$ 800	$ 1,800	$ 1,700
Weighted-average remaining lease term (years):
Weighted-average remaining lease term, Operating leases (in years)	5 years 1 month 28 days	5 years	5 years 1 month 28 days	5 years
Weighted-average remaining lease term, Financing leases (in years)	3 years 11 months 19 days		3 years 11 months 19 days
Weighted-average discount rate:
Weighted-average discount rate, Operating leases (as percentage)	8.42%	8.27%	8.42%	8.27%
Weighted-average discount rate, Financing leases (as percentage)	11.14%		11.14%

Segment Information - Operating Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($) segment	Mar. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment			3
Revenues:
Total revenues	$ 258,423	$ 215,982	$ 522,750	$ 436,976
Gross profit	149,182	128,928	301,679	261,039
Segment and corporate expenses (income):
Store expenses	101,269	85,743	202,072	172,514
General and administrative	15,609	12,227	31,085	27,772
Depreciation and amortization	7,963	7,450	15,951	15,024
Loss (gain) loss on sale or disposal of assets	73	(697)	57	(692)
Other	(2,465)	0	(2,465)	0
Interest expense	3,390	2,527	9,580	4,958
Interest income	(1,898)	(255)	(2,562)	(559)
Equity in net income (loss) of unconsolidated affiliates	32,501	1,439	30,917	301
Other (income) expense	80	371	(154)	251
(Loss) income before income taxes	(7,340)	20,123	17,198	41,470
Segments
Revenues:
Total revenues	258,423	215,982	522,750	436,976
Gross profit	149,182	128,928	301,679	261,039
Segment and corporate expenses (income):
Store expenses	101,269	85,743	202,072	172,514
General and administrative	0	0	(3)	0
Depreciation and amortization	4,892	4,516	9,862	9,166
Loss (gain) loss on sale or disposal of assets	73	(9)	57	(4)
Other	(2,465)		(2,465)
Interest expense	0	0	0	0
Interest income	(299)	(255)	(468)	(437)
Equity in net income (loss) of unconsolidated affiliates	32,501	1,439	30,917	301
Other (income) expense	(40)	342	34	196
(Loss) income before income taxes	13,251	37,152	61,673	79,303
Segments \| U.S. Pawn
Revenues:
Total revenues	188,531	162,340	383,356	325,977
Gross profit	112,338	100,929	227,691	202,759
Segment and corporate expenses (income):
Store expenses	71,946	64,492	145,250	129,181
General and administrative	0	0	0	0
Depreciation and amortization	2,560	2,625	5,315	5,295
Loss (gain) loss on sale or disposal of assets	81	0	84	0
Other	0		0
Interest expense	0	0	0	0
Interest income	(1)	0	(1)	0
Equity in net income (loss) of unconsolidated affiliates	0	0	0	0
Other (income) expense	0	0	0	0
(Loss) income before income taxes	37,752	33,812	77,043	68,283
Segments \| Latin America Pawn
Revenues:
Total revenues	69,882	53,613	139,362	110,927
Gross profit	36,834	27,970	73,956	58,208
Segment and corporate expenses (income):
Store expenses	29,323	21,251	56,822	43,333
General and administrative	0	0	(3)	0
Depreciation and amortization	2,332	1,891	4,547	3,871
Loss (gain) loss on sale or disposal of assets	(8)	(9)	(27)	(4)
Other	(2,465)		(2,465)
Interest expense	0	0	0	0
Interest income	(298)	(255)	(467)	(437)
Equity in net income (loss) of unconsolidated affiliates	0	0	0	0
Other (income) expense	(46)	334	24	200
(Loss) income before income taxes	7,996	4,758	15,525	11,245
Segments \| Other Investments
Revenues:
Total revenues	10	29	32	72
Gross profit	10	29	32	72
Segment and corporate expenses (income):
Store expenses	0	0	0	0
General and administrative	0	0	0	0
Depreciation and amortization	0	0	0	0
Loss (gain) loss on sale or disposal of assets	0	0	0	0
Other	0		0
Interest expense	0	0	0	0
Interest income	0	0	0	0
Equity in net income (loss) of unconsolidated affiliates	32,501	1,439	30,917	301
Other (income) expense	6	8	10	(4)
(Loss) income before income taxes	(32,497)	(1,418)	(30,895)	(225)
Corporate Items
Revenues:
Total revenues	0	0	0	0
Gross profit	0	0	0	0
Segment and corporate expenses (income):
Store expenses	0	0	0	0
General and administrative	15,609	12,227	31,088	27,772
Depreciation and amortization	3,071	2,934	6,089	5,858
Loss (gain) loss on sale or disposal of assets	0	(688)	0	(688)
Other	0		0
Interest expense	3,390	2,527	9,580	4,958
Interest income	(1,599)	0	(2,094)	(122)
Equity in net income (loss) of unconsolidated affiliates	0	0	0	0
Other (income) expense	120	29	(188)	55
(Loss) income before income taxes	(20,591)	(17,029)	(44,475)	(37,833)
Merchandise sales
Revenues:
Total revenues	152,507	133,556	316,294	271,276
Cost of goods sold	97,339	82,246	202,216	165,357
Merchandise sales \| Segments
Revenues:
Total revenues	152,507	133,556	316,294	271,276
Cost of goods sold	97,339	82,246	202,216	165,357
Merchandise sales \| Segments \| U.S. Pawn
Revenues:
Total revenues	108,740	100,064	227,054	202,142
Cost of goods sold	67,643	58,613	140,899	116,445
Merchandise sales \| Segments \| Latin America Pawn
Revenues:
Total revenues	43,767	33,492	89,240	69,134
Cost of goods sold	29,696	23,633	61,317	48,912
Merchandise sales \| Segments \| Other Investments
Revenues:
Total revenues	0	0	0	0
Cost of goods sold	0	0	0	0
Merchandise sales \| Corporate Items
Revenues:
Total revenues	0	0	0	0
Cost of goods sold	0	0	0	0
Jewelry scrapping sales
Revenues:
Total revenues	12,825	5,690	20,709	12,634
Cost of goods sold	11,902	4,808	18,855	10,580
Jewelry scrapping sales \| Segments
Revenues:
Total revenues	12,825	5,690	20,709	12,634
Cost of goods sold	11,902	4,808	18,855	10,580
Jewelry scrapping sales \| Segments \| U.S. Pawn
Revenues:
Total revenues	9,814	3,480	16,990	8,460
Cost of goods sold	8,550	2,798	14,766	6,773
Jewelry scrapping sales \| Segments \| Latin America Pawn
Revenues:
Total revenues	3,011	2,210	3,719	4,174
Cost of goods sold	3,352	2,010	4,089	3,807
Jewelry scrapping sales \| Segments \| Other Investments
Revenues:
Total revenues	0	0	0	0
Cost of goods sold	0	0	0	0
Jewelry scrapping sales \| Corporate Items
Revenues:
Total revenues	0	0	0	0
Cost of goods sold	0	0	0	0
Pawn service charges
Revenues:
Total revenues	93,030	76,683	185,623	152,708
Pawn service charges \| Segments
Revenues:
Total revenues	93,030	76,683	185,623	152,708
Pawn service charges \| Segments \| U.S. Pawn
Revenues:
Total revenues	69,945	58,772	139,255	115,329
Pawn service charges \| Segments \| Latin America Pawn
Revenues:
Total revenues	23,085	17,911	46,368	37,379
Pawn service charges \| Segments \| Other Investments
Revenues:
Total revenues	0	0	0	0
Pawn service charges \| Corporate Items
Revenues:
Total revenues	0	0	0	0
Other revenues
Revenues:
Total revenues	61	53	124	358
Other revenues \| Segments
Revenues:
Total revenues	61	53	124	358
Other revenues \| Segments \| U.S. Pawn
Revenues:
Total revenues	32	24	57	46
Other revenues \| Segments \| Latin America Pawn
Revenues:
Total revenues	19	0	35	240
Other revenues \| Segments \| Other Investments
Revenues:
Total revenues	10	29	32	72
Other revenues \| Corporate Items
Revenues:
Total revenues	$ 0	$ 0	$ 0	$ 0

Strategic Investments - Additional Information (Details) - USD ($) $ in Thousands		1 Months Ended			3 Months Ended		6 Months Ended
	Dec. 02, 2022	Nov. 30, 2022	Apr. 30, 2022	Oct. 31, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Schedule of Equity Method Investments [Line Items]
Dividends from unconsolidated affiliates							$ 1,775	$ 1,660
Equity in net income (loss) of unconsolidated affiliates					$ 32,501	$ 1,439	30,917	$ 301
Cash Converters International Limited
Schedule of Equity Method Investments [Line Items]
Dividends from unconsolidated affiliates		$ 1,800	$ 1,700	$ 1,700
Equity in net income (loss) of unconsolidated affiliates					32,500
Non-cash goodwill impairment charge					32,400
Founders One LLC
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity investment	$ 15,000
Notes payable	$ 15,000
Equity securities, fair value					$ 30,000		$ 30,000
Simple Management Group, Inc \| Founders One LLC
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity investment				$ 15,000

Strategic Investments

6 Months Ended

Mar. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Strategic Investments

NOTE 5: STRATEGIC INVESTMENTS

Cash Converters International Limited

The following table presents the Company's ownership in Cash Converters International Limited ("Cash Converters") for the periods presented:


Date of purchase	Purchase amount (in thousands)	Shares purchased	Shares owned	Ownership percentage
October 1, 2021	$2,500	13,000,000	236,702,991	37.7	%
March 10, 2022	$1,000	5,500,000	242,239,157	38.6	%
April 5, 2022	$2,500	13,000,000	255,239,157	40.7	%
September 15, 2022	$900	5,700,000	260,939,157	41.6	%
November 2, 2022	$2,100	13,000,000	273,939,157	43.7	%

On October 2021, April 2022 and November 2022, we received cash dividends of $1.7 million, $1.7 million and $1.8 million, respectively, from Cash Converters.

The following tables present summary financial information for Cash Converters most recently reported results at December 31, 2022 after translation to U.S. dollars:


	December 31,
(in thousands)	2022		2021

Current assets	$	189,179	$	162,558
Non-current assets	98,301		185,780
Total assets	$	287,480	$	348,338

Current liabilities	$	91,601	$	59,701
Non-current liabilities	56,792		59,915
Shareholders’ equity	139,087		228,722
Total liabilities and shareholders’ equity	$	287,480	$	348,338


	Half-Year Ended December 31,
(in thousands)	2022		2021

Gross revenues	$	98,768	$	84,185
Gross profit	63,800		55,280
Net profit	(73,197)		1

During the quarter ended March 31, 2023, we recorded a $32.5 million loss on our share of losses from Cash Converters, which included $32.4 million as our share of their non-cash goodwill impairment charge, that was recorded to "Equity in net loss of unconsolidated affiliates" in the condensed consolidated statements of operations.

See Note 6: Fair Value Measurements for the fair value and carrying value of our investment in Cash Converters.

Founders One, LLC

In October 2021, we invested $15.0 million in exchange for a non-redeemable voting participating preferred equity interest in Founders One, LLC (“Founders”), a then newly-formed entity with one other member. Founders used that $15.0 million to acquire an equity interest in Simple Management Group, Inc. (“SMG”).

On December 2, 2022, we contributed an additional $15.0 million to Founders associated with our preferred interest, which proceeds were used by Founders to acquire additional common stock in SMG. In addition, we loaned $15.0 million to Founders in exchange for a Demand Promissory Note secured by the common interest in Founders held by the other member.

We have an interest in Founders, a variable interest entity, but because the Company is not the primary beneficiary, we do not consolidate Founders. 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. Consequently, our equity investment in Founders is accounted for utilizing the measurement alternative within Accounting Standards Codification ("ASC") 321, Investments — Equity Securities. Our $30.0 million carrying value of the investment and $15.0 million Demand Promissory Note are included in “Other investments” and "Prepaid expenses and other current assets"

in our consolidated balance sheets, respectively. Our maximum exposure for losses related to our investment in Founders is our $30.0 million equity investment and $15.0 million Demand Promissory Note plus accrued and unpaid interest.

See Note 6: Fair Value Measurements for the fair values and carrying values of our investment in and loan to Founders, respectively.

Strategic Investments - Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2022
Summary of financial information for Cash Converters International Limited
Current assets	$ 686,652	$ 612,771	$ 686,652		$ 612,771		$ 644,163
Total assets	1,420,532	1,299,996	1,420,532		1,299,996		1,347,878
Current liabilities	145,377	137,187	145,377		137,187		152,866
Total liabilities and equity	1,420,532	1,299,996	1,420,532		1,299,996		$ 1,347,878
Gross profit	149,182	128,928	301,679		261,039
Net profit	$ (6,790)	$ 14,887	$ 9,988		$ 30,608
Cash Converters International Limited
Summary of financial information for Cash Converters International Limited
Current assets				$ 189,179		$ 162,558
Non-current assets				98,301		185,780
Total assets				287,480		348,338
Current liabilities				91,601		59,701
Non-current liabilities				56,792		59,915
Shareholders’ equity				139,087		228,722
Total liabilities and equity				287,480		348,338
Gross revenues				98,768		84,185
Gross profit				63,800		55,280
Net profit				$ (73,197)		$ 1

Goodwill

6 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

NOTE 2: GOODWILL

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


	Six Months Ended March 31, 2023
(in thousands)	U.S. Pawn		Latin America Pawn		Consolidated

Balances as of September 30, 2022	$	245,503	$	41,325	$	286,828
Acquisitions	9,468		—		9,468


Effect of foreign currency translation changes	—		3,782		3,782
Balances as of March 31, 2023	$	254,971	$	45,107	$	300,078


	Six Months Ended March 31, 2022
(in thousands)	U.S. Pawn		Latin America Pawn		Consolidated

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

Measurement period adjustments	—		(678)		$	(678)
Effect of foreign currency translation changes	—		1,134		1,134

Balances as of March 31, 2022	$	244,471	$	41,743	$	286,214

During the first quarter of fiscal 2023, we acquired nine pawn stores located in Houston, Texas and one luxury pawn store in Las Vegas, Nevada for total cash consideration of $13.0 million, inclusive of all ancillary arrangements, of which $9.4 million was recorded as goodwill. These acquisitions expand our position in these strategic markets and expands our offerings by providing a dedicated and targeted focus on higher-end products. These acquisitions were immaterial, individually and in the aggregate, and we have therefore omitted or aggregated certain disclosures.

Segment Information (Tables)

6 Months Ended

Mar. 31, 2023

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 March 31, 2023
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	108,740	$	43,767	$	—	$	152,507	$	—	$	152,507
Jewelry scrapping sales	9,814		3,011		—		12,825		—		12,825
Pawn service charges	69,945		23,085		—		93,030		—		93,030
Other revenues	32		19		10		61		—		61
Total revenues	188,531		69,882		10		258,423		—		258,423
Merchandise cost of goods sold	67,643		29,696		—		97,339		—		97,339
Jewelry scrapping cost of goods sold	8,550		3,352		—		11,902		—		11,902

Gross profit	112,338		36,834		10		149,182		—		149,182
Segment and corporate expenses (income):
Store expenses	71,946		29,323		—		101,269		—		101,269
General and administrative	—		—		—		—		15,609		15,609

Depreciation and amortization	2,560		2,332		—		4,892		3,071		7,963
Loss (gain) loss on sale or disposal of assets	81		(8)		—		73		—		73
Other	—		(2,465)		—		(2,465)		—		(2,465)
Interest expense	—		—		—		—		3,390		3,390
Interest income	(1)		(298)		—		(299)		(1,599)		(1,898)
Equity in net loss of unconsolidated affiliates	—		—		32,501		32,501		—		32,501

Other (income) expense	—		(46)		6		(40)		120		80

Segment contribution (loss)	$	37,752	$	7,996	$	(32,497)	$	13,251
Income (loss) before income taxes							$	13,251	$	(20,591)	$	(7,340)


	Three Months Ended March 31, 2022
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	100,064	$	33,492	$	—	$	133,556	$	—	$	133,556
Jewelry scrapping sales	3,480		2,210		—		5,690		—		5,690
Pawn service charges	58,772		17,911		—		76,683		—		76,683
Other revenues	24		—		29		53		—		53
Total revenues	162,340		53,613		29		215,982		—		215,982
Merchandise cost of goods sold	58,613		23,633		—		82,246		—		82,246
Jewelry scrapping cost of goods sold	2,798		2,010		—		4,808		—		4,808

Gross profit	100,929		27,970		29		128,928		—		128,928
Segment and corporate expenses (income):
Store expenses	64,492		21,251		—		85,743		—		85,743
General and administrative	—		—		—		—		12,227		12,227

Depreciation and amortization	2,625		1,891		—		4,516		2,934		7,450
Loss on sale or disposal of assets and other	—		(9)		—		(9)		(688)		(697)

Interest expense	—		—		—		—		2,527		2,527
Interest income	—		(255)		—		(255)		—		(255)
Equity in net income of unconsolidated affiliates	—		—		1,439		1,439		—		1,439

Other (income) expense	—		334		8		342		29		371
Segment contribution	$	33,812	$	4,758	$	(1,418)	$	37,152
Income (loss) before income taxes							$	37,152	$	(17,029)	$	20,123


	Six Months Ended March 31, 2023
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	227,054	$	89,240	$	—	$	316,294	$	—	$	316,294
Jewelry scrapping sales	16,990		3,719		—		20,709		—		20,709
Pawn service charges	139,255		46,368		—		185,623		—		185,623
Other revenues	57		35		32		124		—		124
Total revenues	383,356		139,362		32		522,750		—		522,750
Merchandise cost of goods sold	140,899		61,317		—		202,216		—		202,216
Jewelry scrapping cost of goods sold	14,766		4,089		—		18,855		—		18,855

Gross profit	227,691		73,956		32		301,679		—		301,679
Segment and corporate expenses (income):
Store expenses	145,250		56,822		—		202,072		—		202,072
General and administrative	—		(3)		—		(3)		31,088		31,085

Depreciation and amortization	5,315		4,547		—		9,862		6,089		15,951
Loss (gain) on sale or disposal of assets	84		(27)		—		57		—		57
Other	—		(2,465)		—		(2,465)		—		(2,465)
Interest expense	—		—		—		—		9,580		9,580
Interest income	(1)		(467)		—		(468)		(2,094)		(2,562)
Equity in net loss of unconsolidated affiliates	—		—		30,917		30,917		—		30,917

Other expense (income)	—		24		10		34		(188)		(154)

Segment contribution (loss)	$	77,043	$	15,525	$	(30,895)	$	61,673
Income (loss) before income taxes							$	61,673	$	(44,475)	$	17,198


	Six Months Ended March 31, 2022
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	202,142	$	69,134	$	—	$	271,276	$	—	$	271,276
Jewelry scrapping sales	8,460		4,174		—		12,634		—		12,634
Pawn service charges	115,329		37,379		—		152,708		—		152,708
Other revenues	46		240		72		358		—		358
Total revenues	325,977		110,927		72		436,976		—		436,976
Merchandise cost of goods sold	116,445		48,912		—		165,357		—		165,357
Jewelry scrapping cost of goods sold	6,773		3,807		—		10,580		—		10,580

Gross profit	202,759		58,208		72		261,039		—		261,039
Segment and corporate expenses (income):
Store expenses	129,181		43,333		—		172,514		—		172,514
General and administrative	—		—		—		—		27,772		27,772

Depreciation and amortization	5,295		3,871		—		9,166		5,858		15,024
Gain on sale or disposal of assets and other	—		(4)		—		(4)		(688)		(692)

Interest expense	—		—		—		—		4,958		4,958
Interest income	—		(437)		—		(437)		(122)		(559)
Equity in net income of unconsolidated affiliates	—		—		301		301		—		301
Other (income) expense	—		200		(4)		196		55		251
Segment contribution	$	68,283	$	11,245	$	(225)	$	79,303
Income (loss) before income taxes							$	79,303	$	(37,833)	$	41,470

Reconciliation of Assets from Segment to Consolidated

The following table presents separately identified net earning assets by segment:


(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Corporate Items		Total

As of March 31, 2023
Pawn loans	$	157,043	$	49,053	$	—	$	—	$	206,096
Inventory, net	112,147		38,150		—		—		150,297

As of March 31, 2022
Pawn loans	$	133,515	$	40,103	$	—	$	—	$	173,618
Inventory, net	93,320		26,570		—		—		119,890

Debt - Convertible Senior Notes Due 2025 (Details) - 2025 Convertible Notes - Senior Notes	May 14, 2018 USD ($) day $ / shares	Mar. 31, 2023 USD ($)
Debt Instrument [Line Items]
Stated interest rate	2.375%
Principle amount \| $	$ 172,500,000
Amount outstanding \| $		$ 103,400,000
Effective interest rate		2.88%
Conversion price, per share (in dollars per share) \| $ / shares	$ 15.90
Conversion rate per $1,000 principal amount	0.0628931
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%
Debt Conversion, Condition One
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%
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

Goodwill (Tables)

6 Months Ended

Mar. 31, 2023

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:


	Six Months Ended March 31, 2023
(in thousands)	U.S. Pawn		Latin America Pawn		Consolidated

Balances as of September 30, 2022	$	245,503	$	41,325	$	286,828
Acquisitions	9,468		—		9,468


Effect of foreign currency translation changes	—		3,782		3,782
Balances as of March 31, 2023	$	254,971	$	45,107	$	300,078


	Six Months Ended March 31, 2022
(in thousands)	U.S. Pawn		Latin America Pawn		Consolidated

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

Measurement period adjustments	—		(678)		$	(678)
Effect of foreign currency translation changes	—		1,134		1,134

Balances as of March 31, 2022	$	244,471	$	41,743	$	286,214

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=121556970&loc=SL108378252-109267

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 55
-Paragraph 24
-URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Supplemental Consolidated Financial Information - Supplemental Consolidated Balance Sheet Information (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Gross pawn service charges receivable	$ 42,335	$ 44,192	$ 35,886
Allowance for uncollectible pawn service charges receivable	(9,219)	(10,716)	(7,567)
Pawn service charges receivable, net	33,116	33,476	28,319
Gross inventory	153,348	153,673	123,944
Inventory reserves	(3,051)	(2,058)	(4,054)
Inventory, net	150,297	151,615	119,890
Prepaid expenses and other	7,677	8,336	10,245
Accounts receivable, notes receivable and other	27,817	8,435	8,255
Income taxes prepaid and receivable	10,070	17,923	8,767
Prepaid expenses and other current assets	45,564	34,694	27,267
Property and equipment, gross	325,458	306,667	293,087
Accumulated depreciation	(265,683)	(249,942)	(242,213)
Property and equipment, net	59,775	56,725	50,874
Accounts payable	18,443	24,056	17,756
Accrued payroll	8,842	8,365	8,631
Incentive accrual	8,997	17,403	8,196
Other payroll related expenses	8,351	9,592	7,877
Accrued sales and VAT taxes	6,949	7,279	8,022
Accrued income taxes payable	3,662	2,663	4,346
Other current liabilities	17,451	15,151	14,867
Accounts payable, accrued expenses and other current liabilities	$ 72,695	$ 84,509	$ 69,695