View Filing Data

Print Document View Excel Document

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Jun. 30, 2017	Jul. 26, 2017
Document Information [Line Items]
Entity Registrant Name	EZCORP INC
Entity Central Index Key	0000876523
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Stock Class A Non-voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (shares)		51,326,582
Common Stock Class B Voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (shares)		2,970,171

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 113,729	$ 65,737	$ 29,380
Pawn loans	168,262	167,329	160,269
Pawn service charges receivable, net	30,585	31,062	29,643
Inventory, net	135,053	140,224	130,368
Notes receivable, net	22,024	41,946	0
Current assets held for sale	0	0	157,554
Prepaid expenses and other current assets	31,993	35,845	26,577
Total current assets	501,646	482,143	533,791
Investment in unconsolidated affiliate	41,725	37,128	56,843
Property and equipment, net	53,022	58,455	61,201
Goodwill	254,469	253,976	254,273
Intangible assets, net	32,551	30,681	30,569
Non-current notes receivable, net	41,253	41,119	0
Deferred tax asset, net	36,506	35,303	34,170
Other assets, net	9,145	44,439	18,950
Total assets	970,317	983,244	989,797
Current liabilities:
Accounts payable, accrued expenses and other current liabilities	64,830	84,285	63,242
Current liabilities held for sale	0	0	130,261
Customer layaway deposits	11,091	10,693	11,201
Total current liabilities	75,921	94,978	204,704
Long-term debt, net	260,414	283,611	211,421
Other long-term liabilities	9,680	10,450	9,548
Total liabilities	346,015	389,039	425,673
Commitments and contingencies (Note 7)
Temporary equity:
Redeemable noncontrolling interest	0	0	(2,378)
Total temporary equity	0	0	(2,378)
Stockholders’ equity:
Additional paid-in capital	322,559	318,723	316,565
Retained earnings	340,256	319,808	316,577
Accumulated other comprehensive loss	(37,921)	(44,089)	(66,974)
EZCORP, Inc. stockholders’ equity	625,437	594,983	566,708
Noncontrolling interest	(1,135)	(778)	(206)
Total equity	624,302	594,205	566,502
Total liabilities, temporary equity and equity	970,317	983,244	989,797
Common Stock Class A Non-voting
Stockholders’ equity:
Common stock	513	511	510
Common Stock Class B Voting
Stockholders’ equity:
Common stock	$ 30	$ 30	$ 30

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016
Common Stock Class A Non-voting
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01000
Common stock, shares authorized (shares)	100,000,000	100,000,000	100,000,000
Common stock, shares issued (shares)	51,326,582	51,129,144	51,019,332
Common stock, shares outstanding (shares)	51,326,582	51,129,144	51,019,332
Common Stock Class B Voting
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01000
Common stock, shares authorized (shares)	3,000,000	3,000,000	3,000,000
Common stock, shares issued (shares)	2,970,171	2,970,171	2,970,171.000
Common stock, shares outstanding (shares)	2,970,171	2,970,171	2,970,171

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Merchandise sales	$ 97,921	$ 94,014	$ 319,672	$ 311,941
Jewelry scrapping sales	17,641	11,230	37,658	33,631
Pawn service charges	65,878	62,473	201,983	193,197
Other revenues	2,193	2,433	6,572	7,151
Total revenues	183,633	170,150	565,885	545,920
Merchandise cost of goods sold	62,615	60,140	204,840	194,731
Jewelry scrapping cost of goods sold	15,010	9,110	32,195	28,271
Other cost of revenues	453	506	1,433	1,549
Net revenues	105,555	100,394	327,417	321,369
Operating expenses:
Operations	74,246	73,172	226,352	221,446
Administrative	14,095	14,481	41,305	50,085
Depreciation and amortization	5,843	6,274	18,246	20,422
Loss (gain) on sale or disposal of assets	17	(41)	11	641
Restructuring	0	0	0	1,910
Total operating expenses	94,201	93,886	285,914	294,504
Operating income	11,354	6,508	41,503	26,865
Interest expense	5,654	3,936	16,847	12,014
Interest income	(2,053)	(50)	(6,909)	(66)
Equity in net income of unconsolidated affiliate	(1,047)	(1,694)	(3,768)	(5,626)
Other (income) expense	(99)	500	(294)	815
Income from continuing operations before income taxes	8,899	3,816	35,627	19,728
Income tax expense	3,432	1,038	13,663	11,224
Income from continuing operations, net of tax	5,467	2,778	21,964	8,504
Loss from discontinued operations, net of tax	(265)	(9,133)	(1,868)	(99,068)
Net income (loss)	5,202	(6,355)	20,096	(90,564)
Net loss attributable to noncontrolling interest	(58)	(666)	(352)	(6,589)
Net income (loss) attributable to EZCORP, Inc.	$ 5,260	$ (5,689)	$ 20,448	$ (83,975)
Basic earnings per share attributable to EZCORP, Inc. — continuing operations (usd per share)	$ 0.10	$ 0.05	$ 0.41	$ 0.16
Diluted earnings per share attributable to EZCORP, Inc. — continuing operations (usd per share)	$ 0.10	$ 0.05	$ 0.41	$ 0.16
Weighted-average basic shares outstanding (shares)	54,295	53,980	54,247	54,574
Weighted-average diluted shares outstanding (shares)	54,367	54,192	54,310	54,690

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 5,202	$ (6,355)	$ 20,096	$ (90,564)
Other comprehensive income (loss):
Foreign currency translation gain (loss), net of income tax (expense) benefit for our investment in unconsolidated affiliate of ($820) and ($290) for the three and nine months ended June 30, 2017 respectively, and ($845) and $969 for the three and nine months ended June 30, 2016, respectively	4,608	(685)	6,163	(12,181)
Amounts reclassified from accumulated other comprehensive loss	0	0	0	22
Other comprehensive income (loss), net of tax	4,608	(685)	6,163	(12,159)
Comprehensive income (loss)	9,810	(7,040)	26,259	(102,723)
Comprehensive loss attributable to noncontrolling interest	(73)	(577)	(357)	(6,870)
Comprehensive income (loss) attributable to EZCORP, Inc.	$ 9,883	$ (6,463)	$ 26,616	$ (95,853)

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax	$ (820)	$ (845)	$ (290)	$ 969

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance at Sep. 30, 2015	$ 656,031	$ 537	$ 310,038	$ 400,552	$ (55,096)
Beginning balance (shares) at Sep. 30, 2015		53,696
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	7,012		7,012
Release of restricted stock	3	$ 3
Release of restricted stock (shares)		294
Excess tax deficiency from stock compensation	(336)		(336)
Taxes paid related to net share settlement of equity awards	(149)		(149)
Amounts reclassified from accumulated other comprehensive loss	21				21
Foreign currency translation adjustment	(11,899)				(11,899)
Net income attributable to EZCORP, Inc.	(83,975)			(83,975)
Ending balance at Jun. 30, 2016	566,708	$ 540	316,565	316,577	(66,974)
Ending balance (shares) at Jun. 30, 2016		53,990
Beginning balance at Sep. 30, 2016	594,983	$ 541	318,723	319,808	(44,089)
Beginning balance (shares) at Sep. 30, 2016		54,099
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	5,126		5,126
Release of restricted stock	2	$ 2
Release of restricted stock (shares)		198
Taxes paid related to net share settlement of equity awards	(767)		(767)
Reclassification of Cash Convertible Notes Warrants to liabilities	(523)		(523)
Foreign currency translation adjustment	6,168				6,168
Net income attributable to EZCORP, Inc.	20,448			20,448
Ending balance at Jun. 30, 2017	$ 625,437	$ 543	$ 322,559	$ 340,256	$ (37,921)
Ending balance (shares) at Jun. 30, 2017		54,297

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities:
Net income (loss)	$ 20,096	$ (90,564)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization	18,246	21,432
Amortization of debt discount and deferred financing costs	8,595	8,864
Amortization of prepaid commissions	0	10,684
Accretion of notes receivable discount	(2,898)	0
Consumer loan loss provision	1,434	24,157
Deferred income taxes	(871)	(14,234)
Impairment of goodwill	0	73,244
Other adjustments	(48)	(2,002)
Loss on sale or disposal of assets	11	641
Stock compensation	5,145	3,206
Income from investment in unconsolidated affiliate	(3,768)	(5,626)
Changes in operating assets and liabilities:
Service charges and fees receivable	604	8,363
Inventory	1,470	(1,349)
Prepaid expenses, other current assets and other assets	1,261	(4,983)
Accounts payable, accrued expenses and other liabilities	(29,464)	(20,497)
Customer layaway deposits	288	781
Income taxes receivable and payable, current, net of excess tax benefit from stock compensation	9,873	51,990
Payments of restructuring charges	0	(8,367)
Dividends from unconsolidated affiliate	0	2,197
Net cash provided by operating activities	29,974	57,937
Investing activities:
Loans made	(472,676)	(497,255)
Loans repaid	288,833	324,478
Recovery of pawn loan principal through sale of forfeited collateral	187,819	173,710
Additions to property and equipment	(9,340)	(6,470)
Acquisitions, net of cash acquired	0	(6,000)
Principal collections on notes receivable	23,336	0
Net cash provided by (used in) investing activities	17,972	(11,537)
Financing activities:
Taxes paid related to net share settlement of equity awards	(767)	0
Payout of deferred consideration	0	(14,875)
Repurchase of redeemable common stock issued due to acquisitions	0	(11,750)
Proceeds from settlement of forward currency contracts	0	3,557
Change in restricted cash	0	2,710
Proceeds from borrowings, net of issuance costs	0	16,442
Payments on borrowings	0	(63,994)
Net cash used in financing activities	(767)	(67,910)
Effect of exchange rate changes on cash and cash equivalents	813	(6,506)
Net increase (decrease) in cash and cash equivalents	47,992	(28,016)
Cash and cash equivalents at beginning of period	65,737	59,124
Cash and cash equivalents at end of period	113,729	31,108
Non-cash investing and financing activities:
Pawn loans forfeited and transferred to inventory	182,682	179,394
Dividend reinvestment acquisition of additional ownership in unconsolidated affiliate	$ 1,153	$ 0

Organization and Summary of Significant Accounting Policies

9 Months Ended

Jun. 30, 2017

Accounting Policies [Abstract]

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 1: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business

When used in this report, the terms “we,” “us,” “our,” “EZCORP” and the “Company” mean EZCORP, Inc. and its consolidated subsidiaries, collectively.

We are a leading provider of pawn loans in the United States and Mexico. Pawn loans are non-recourse loans collateralized by tangible property. We also sell merchandise, primarily collateral forfeited from pawn lending operations and used merchandise purchased from customers, and operate a small number of financial services stores in Canada.

Basis of Presentation

The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. Our management has included all adjustments it considers necessary for a fair presentation. These adjustments are of a normal, recurring nature except for those related to discontinued operations described in Note 9. All intercompany accounts and transactions have been eliminated in consolidation.

The accompanying financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended September 30, 2016. The balance sheet as of September 30, 2016 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements.

Our business is subject to seasonal variations, and operating results for the three and nine months ended June 30, 2017 and 2016 (the "current quarter" and "current nine-months" and "prior-year quarter" and "prior-year nine-months," respectively) are not necessarily indicative of the results of operations for the full fiscal year.

There have been no changes in significant accounting policies as described in our Annual Report on Form 10-K for the year ended September 30, 2016, other than those described below, and we have eliminated certain disclosures previously presented in our historical financial statements that we do not consider material to the overall financial statements presented herein.

Reclassifications to Prior Period Financial Statements

Certain reclassifications of prior period amounts have been made. These reclassifications, other than those pertaining to discontinued operations discussed in Note 9, the adoption of Financial Accounting Standards Board ("FASB") Accounting Standards Updates ("ASUs") discussed below and immaterial corrections for the nine months ended June 30, 2016 discussed in "Part II, Item 8 — Financial Statements and Supplementary Data — Note 2" of our Annual Report on Form 10-K for the year ended September 30, 2016, were made to conform to the current period presentation.

Use of Estimates and Assumptions

The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates and judgments, including those related to revenue recognition, inventories, loan loss allowances, long-lived and intangible assets, share-based compensation, income taxes, contingencies and litigation. We base our estimates on historical experience, observable trends and various other assumptions that we believe are reasonable under the circumstances. We use this information to make judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from these estimates under different assumptions or conditions.

Recently Adopted Accounting Policies

•

We early adopted ASU 2016-09, Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting during the quarter ended December 31, 2016. This ASU simplifies several aspects of the accounting for share-based payment transactions, including income tax consequences, calculation of the dilutive impact of awards, classification of awards as either equity or liabilities and classification on the statement of cash flows. We prospectively applied the requirement to present excess tax benefits as an operating activity on the statement of cash flows. Further, we continue to estimate the number of award forfeitures in recording costs for share-based awards. The financial impact of adopting ASU 2016-09 was a $0.4 million income tax benefit during the three and nine months ended June 30, 2017 for excess tax benefits on vested awards which previously would have been recorded to "Additional paid-in capital" prior to adoption of ASU 2016-09.

•

We further adopted ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory, ASU 2015-05, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement and ASU 2014-15, Presentation of Financial Statements — Going Concern (Subtopic 205-40) during the quarter ended December 31, 2016. The impacts of adoption for each ASU are as follows:

•

We early adopted ASU 2015-11 during the quarter ended December 31, 2016 on a prospective basis, and such adoption did not have a material impact on our consolidated financial position, results of operations or cash flows. We now measure our inventories at the lower of cost or net realizable value, where net realizable value is "estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation." Inventory was previously required to be measured at the lower of cost or market value, where the measurement of market value had several potential outcomes.

•

We adopted ASU 2015-05 during the quarter ended December 31, 2016 on a prospective basis for all arrangements entered into or materially modified after adoption of the ASU, and such adoption did not have a material impact on our consolidated financial position, results of operations or cash flows. We now consider whether cloud computing arrangements include a software license. If a cloud computing arrangement includes a software license, then we account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, we account for the arrangement as a service contract.


•	We early adopted ASU 2014-15 during the quarter ended December 31, 2016. Upon adoption of the ASU, management has the responsibility to evaluate whether there is substantial doubt about our ability to continue as a going concern for a period of one year after the date that the financial statements are issued (or available to be issued) or to provide related footnote disclosures.

Recently Issued Accounting Pronouncements and Significant Accounting Policies

•

In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments a consensus of the FASB Emerging Issues Task Force. This ASU clarifies what steps are required when assessing whether the economic characteristics and risks of call (put) options are clearly and closely related to the economic characteristics and risks of their debt hosts, which is one of the criteria for bifurcating an embedded derivative. Early adoption is permitted based upon guidance issued within the ASU and we plan to adopt the ASU in our fourth quarter of fiscal 2017. We do not anticipate that the adoption of ASU 2016-06 will have a material effect on our financial position, results of operations or cash flows.

•

In May 2017, the FASB issued ASU 2017-09, Compensation — Stock Compensation (Topic 718). This ASU provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The provisions of this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted based upon guidance issued within the ASU. A reporting entity should apply the amendment to awards modified after the adoption date on a prospective basis. We do not anticipate that the adoption of ASU 2017-09 will have a material effect on our financial position, results of operations or cash flows.

•

In January 2017, the FASB issued ASU 2017-04, Intangibles — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This ASU eliminates Step 2 from the goodwill impairment test which previously required measurement of any goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the new standard, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, without exceeding the total amount of goodwill allocated to that reporting unit. The provisions of this ASU are effective for fiscal years beginning after December 15, 2019, and any interim goodwill impairment tests within those fiscal years. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. A reporting entity should apply the amendment on a prospective basis. We currently anticipate adoption of ASU 2017-04 in the fourth quarter of our fiscal 2017 with no anticipated material impact on our consolidated financial position, results of operations or cash flows.

•

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU requires companies to generally recognize on the balance sheet operating and financing lease liabilities and corresponding right-of-use assets. The provisions of this ASU are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted based upon guidance issued within the ASU. Although we are in the process of evaluating the impact of adopting ASU 2016-02 on our consolidated financial position, results of operations and cash flows, we anticipate a material impact on our consolidated financial position. Additionally, we are evaluating the disclosure requirements under this ASU and are identifying and preparing to implement changes to our accounting policies, practices and controls to support adoption of the ASU and are evaluating upgrades to our third party software solution concurrently with our adoption. We believe we are following an appropriate timeline to allow for proper recognition, presentation and disclosure upon adoption of the ASU which is effective for our fiscal 2020.

•

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) to defer the effective date to December 15, 2017 for annual reporting periods beginning after that date, with early adoption permitted, but not before the original effective date of December 15, 2016. The core principle of ASU 2014-09, and the subsequently issued ASUs modifying or clarifying ASU 2014-09, is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, the guidance provides that an entity should apply the following steps: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, the entity satisfies a performance obligation. The new standard allows for two methods of adoption: (a) full retrospective adoption, meaning the standard is applied to all periods presented, or (b) modified retrospective adoption, meaning the cumulative effect of applying the new standard is recognized as an adjustment to the opening retained earnings balance.

We are evaluating the impact that will result from adopting ASU 2014-09 on our consolidated financial position, results of operations, and cash flows. We currently anticipate adopting the ASU using the modified retrospective method. We do not believe the adoption will have an impact on our pawn service charge revenue recognition as we do not believe such charges are within the scope of the ASU. Further, we have not identified any impacts to our financial statements that we believe will be material as a result of the adoption of the ASU for other revenue streams, although we continue to evaluate the impact of adoption. We believe we are following an appropriate timeline to allow for proper recognition, presentation and disclosure upon adoption of the ASU which is effective for our fiscal 2019.

Please refer to Note 1, Summary of Significant Accounting Policies, of Notes to Consolidated Financial Statements included in "Part II, Item 8 — Financial Statements and Supplementary Data" of our Annual Report on Form 10-K for the year ended September 30, 2016 for discussion of our significant accounting policies and other accounting pronouncements issued but not yet adopted.

Earnings per Share

9 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 2: EARNINGS PER SHARE

Components of basic and diluted earnings per share and excluded antidilutive potential common shares are as follows:



	Three Months Ended June 30,						Nine Months Ended June 30,
	2017			2016			2017			2016

	(in thousands, except per share amounts)
Net income from continuing operations attributable to EZCORP (A)	$	5,525		$	2,904		$	22,316		$	8,954
Loss from discontinued operations, net of tax (B)	(265		)	(8,593		)	(1,868		)	(92,929		)
Net income (loss) attributable to EZCORP (C)	$	5,260		$	(5,689	)	$	20,448		$	(83,975	)

Weighted-average outstanding shares of common stock (D)	54,295			53,980			54,247			54,574
Dilutive effect of restricted stock	72			212			63			116
Weighted-average common stock and common stock equivalents (E)	54,367			54,192			54,310			54,690

Basic earnings (loss) per share attributable to EZCORP:
Continuing operations (A / D)	$	0.10		$	0.05		$	0.41		$	0.16
Discontinued operations (B / D)	—			(0.16		)	(0.03		)	(1.70		)
Basic earnings (loss) per share (C / D)	$	0.10		$	(0.11	)	$	0.38		$	(1.54	)

Diluted earnings (loss) per share attributable to EZCORP:
Continuing operations (A / E)	$	0.10		$	0.05		$	0.41		$	0.16
Discontinued operations (B / E)	—			(0.16		)	(0.03		)	(1.70		)
Diluted earnings (loss) per share (C / E)	$	0.10		$	(0.11	)	$	0.38		$	(1.54	)

Potential common shares excluded from the calculation of diluted earnings (loss) per share above:
Restricted stock*	2,418			2,109			2,435			1,259
Warrants**	12,138			14,317			12,138			14,317
Total potential common shares excluded	14,556			16,426			14,573			15,576


*	Includes antidilutive share-based awards as well as performance-based and market conditioned 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.


**	See Note 5 for discussion of the terms and conditions of these potential common shares and Note 10 for settlement of a portion of the Cash Convertible Notes Warrants subsequent to June 30, 2017.

Strategic Investments

9 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

STRATEGIC INVESTMENTS

NOTE 3: STRATEGIC INVESTMENTS

As of June 30, 2017, we owned 156,552,484 shares, or approximately 32%, of our unconsolidated affiliate Cash Converters International Limited ("Cash Converters International"). The following tables present summary financial information for Cash Converters International’s most recently reported results as of June 30, 2017 after translation to U.S. dollars:



	December 31,
	2016		2015

	(in thousands)
Current assets	$	158,235	$	176,105
Non-current assets	141,218		143,466
Total assets	$	299,453	$	319,571

Current liabilities	$	70,468	$	68,857
Non-current liabilities	48,181		48,263
Shareholders’ equity:
Equity attributable to owners of the parent	$	180,803	$	202,450
Noncontrolling interest	1		1
Total liabilities and shareholders’ equity	$	299,453	$	319,571



	Half Year Ended December 31,
	2016		2015

	(in thousands)
Gross revenues*	$	108,161	$	110,219
Gross profit*	74,343		81,139
Net profit	8,633		11,483


*	Cash Converters International announced during its fiscal 2016 that certain of its United Kingdom operations would be discontinued, including a historical recasting of such operations as discontinued operations. We have recast the above information pertaining to the half year ended December 31, 2015 to reflect this historical recasting.

During the nine months ended June 30, 2017, the fair value of our investment in Cash Converters International declined below its carrying value. We considered the guidance in FASB Accounting Standards Codification ("ASC") 320-10-S99-1 in evaluating whether the impairment was other-than-temporary and whether to measure and recognize any other-than-temporary impairment. We noted the primary factors in determining that the decline in fair value was not other-than-temporary were the length of time and the extent to which the market value has been less than cost as well as our intent and ability to hold our investment in Cash Converters International for a period of time sufficient to allow for any anticipated recovery in market value. We do not believe the decline in fair value is other-than-temporary.

We continue to monitor the fair value of our investment in Cash Converters International for other-than-temporary impairments in future reporting periods and may record an impairment charge should the fair value of our investment in Cash Converters International remain below its carrying value for an extended period of time. We have previously recorded impairments on our investment in Cash Converters International in fiscal 2016 and 2015. See Note 4 for the fair value and carrying value of our investment in Cash Converters International.

Fair Value Measurements

9 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 4: FAIR VALUE MEASUREMENTS

In accordance with ASC 820-10, our assets and liabilities discussed below are classified in one of the following three categories based on the inputs used to develop their fair values: 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; and Level 3 — Unobservable inputs that are not corroborated by market data.

Recurring Fair Value Measurements

The tables below present our financial assets (liabilities) that were carried and measured at fair value on a recurring basis, exclusive of amounts attributable to Prestaciones Finmart, S.A.P.I. de C.V., SOFOM, E.N.R. ("Grupo Finmart"), which we divested in September 2016:



Financial Assets (Liabilities)	Balance Sheet Location	June 30, 2017			June 30, 2016			September 30, 2016

		(in thousands)
Guarantee asset — Level 3	Prepaid expenses and other current assets	$	298		$	—		$	1,209
Guarantee liability — Level 3	Accounts payable, accrued expenses and other current liabilities	(310		)	—			(1,258		)
Cash Convertible Notes Hedges — Level 2	Other assets, net	5,900			16,200			37,692
Cash Convertible Notes Embedded Derivative — Level 2	Long-term debt, net	(5,900		)	(16,200		)	(37,692		)
Cash Convertible Notes Warrants — Level 3	Accounts payable, accrued expenses and other current liabilities	(523		)	—			—

We initially measured the guarantee asset and liability at fair value and are subsequently amortizing the guarantees based upon the principal payments received on the associated notes receivable, which approximates the fair value of the guarantees on a recurring basis. See discussion of settlement subsequent to June 30, 2017 in Note 10.

We measured the fair value of the Cash Convertible Notes Hedges and the Cash Convertible Notes Embedded Derivative using the Black-Scholes-Merton model based on observable Level 1 and Level 2 inputs such as conversion price of underlying shares, current share price, implied volatility, risk free interest rate and other factors. As of June 30, 2017 the volatility input was revised downward to 44% based on observed market inputs. As of June 30, 2016 and September 30, 2016 these inputs included volatilities of 53% to 55%.

We executed agreements dated as of June 29, 2017 to cash settle a portion of the Cash Convertible Notes Hedges and Cash Convertible Notes Warrants pertaining to the partial repayment of the Cash Convertible Notes in July 2017. Based on the negotiated cash settlement amount with our counterparties in July 2017, we realized a volatility of approximately 32% to 34%, reducing the amount received on the amounts recorded above as of June 30, 2017. As of June 30, 2017, we reclassified the portion of Cash Convertible Notes Warrants which were cash settled in July 2017 from equity to a liability at its current fair value, including inputs for current share price and trading volume. See Note 5 and Note 10 for additional discussion.

There were no transfers in or out of Level 1 or Level 2 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 financial assets and liabilities that were not measured at fair value (including those discussed below the following tables) on a recurring basis, exclusive of amounts attributable to Grupo Finmart:



	Carrying Value		Estimated Fair Value
	June 30, 2017		June 30, 2017		Fair Value Measurement Using
	June 30, 2017		June 30, 2017		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable, net	$	63,277	$	65,570	$	—	$	—	$	65,570
Investment in unconsolidated affiliate	41,725		37,306		37,306		—		—

Financial liabilities:
Cash Convertible Notes	$	206,279	$	218,500	$	—	$	218,500	$	—
Term Loan Facility	48,235		48,159		—		—		48,159



	Carrying Value		Estimated Fair Value
	June 30, 2016		June 30, 2016		Fair Value Measurement Using
	June 30, 2016		June 30, 2016		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Investment in unconsolidated affiliate	$	56,843	$	49,149	$	49,149	$	—	$	—

Financial liabilities:
Cash Convertible Notes	$	195,221	$	190,762	$	—	$	190,762	$	—



	Carrying Value		Estimated Fair Value
	September 30, 2016		September 30, 2016		Fair Value Measurement Using
	September 30, 2016		September 30, 2016		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable, net	$	83,065	$	83,065	$	—	$	—	$	83,065
Investment in unconsolidated affiliate	37,128		37,128		37,128		—		—

Financial liabilities:
Cash Convertible Notes	$	197,954	$	227,332	$	—	$	227,332	$	—
Term Loan Facility	47,965		48,688		—		—		48,688

Based on the short-term nature of cash and cash equivalents, pawn loans, pawn service charges receivable and current consumer loans, fees and interest receivable, we estimate that their 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 current consumer loans, fees and interest receivable to be measured using Level 3 inputs. Significant increases or decreases in the underlying assumptions used to value pawn loans, pawn service charges receivable and current consumer loans, fees and interest receivable could significantly increase or decrease these fair value estimates.

We measured the fair value of the notes receivable under a discounted cash flow approach considering the synthetic credit ratings for Grupo Finmart and Alpha Holding, S.A. de C.V. (“AlphaCredit”), as applicable and as determined with external consultation, with discount rates ranging primarily from 8% to 15%. Certain of the significant inputs used for the valuation were not observable in the market. Significant increases or decreases in the underlying assumptions used to value the notes receivable could significantly increase or decrease these fair value estimates.

The inputs used to generate the fair value of the investment in unconsolidated affiliate Cash Converters International were considered Level 1 inputs. These inputs are comprised of (a) the quoted stock price on the Australian Stock Exchange multiplied by (b) the number of shares we owned multiplied by (c) the applicable foreign currency exchange rate as of the end of our reporting period. We included no control premium for owning a large percentage of outstanding shares.

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

We measured the fair value of the Term Loan Facility under a discounted cash flow approach considering our synthetic credit rating, including inputs that are not observable in the market, with discount rates up to approximately 9%. A 50 basis point increase or decrease in the calculated credit spread based on our underlying synthetic credit rating would increase or decrease the fair value of our Term Loan Facility by approximately $1.2 million. The fair value of the Term Loan Facility approximated its carrying value, inclusive of issuance costs and exclusive of deferred financing costs, as of September 30, 2016. See Note 5 and Note 10 for additional discussion.

Notes Receivable from Grupo Finmart Divestiture

Subsequent to the sale of Grupo Finmart in September 2016, we determined that we retained a variable interest in Grupo Finmart, including notes receivable and a guarantee liability of the future cash outflows of certain Grupo Finmart foreign exchange forward contracts with a backup guarantee provided by AlphaCredit for any payments we make under the guarantee. We determined that we are not the primary beneficiary of Grupo Finmart subsequent to its disposition as we lack a controlling financial interest in Grupo Finmart. As of June 30, 2017, we had a total gross outstanding balance on our notes receivable of $67.1 million. We have collected $8.2 million and $23.3 million, respectively, in principal on these notes receivable during the three and nine months ended June 30, 2017.

The following table presents the carrying amount and classification of the assets and liabilities pertaining to our variable interest compared to the maximum exposure to loss for each asset and liability:



		June 30, 2017					September 30, 2016
Instrument	Balance Sheet Location	Asset (Liability) Recorded in Consolidated Balance Sheet			Maximum Exposure to Loss		Asset (Liability) Recorded in Consolidated Balance Sheet			Maximum Exposure to Loss


Notes receivable	Notes receivable, net (including discount of $3.8 million and $6.7 million as of June 30, 2017 and September 30, 2016, respectively)	$	63,277		$	63,277	$	83,065		$	83,065
Guarantee asset	Prepaid expenses and other current assets	298			—		1,209			—
Guarantee liability*	Accounts payable, accrued expenses and other current liabilities	(310		)	—		(1,258		)	—

Maximum exposure to loss under the guarantee liability was $6.2 million and $25.3 million as of June 30, 2017 and September 30, 2016, respectively. However such amount is included within the maximum exposure to loss for the notes receivable above, as the guarantee liability is a guarantee by us of Grupo Finmart’s repayment of our notes receivable owed by Grupo Finmart. See discussion of repayment subsequent to June 30, 2017 in Note 10.

- 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

Long-term Debt

9 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

LONG-TERM DEBT

NOTE 5: LONG-TERM DEBT

The following tables present our long-term debt instruments outstanding as well as future principal payments due, exclusive of amounts attributable to Grupo Finmart:



	June 30, 2017							June 30, 2016							September 30, 2016
	Gross Amount		Debt Discount and Issuance Costs			Carrying Amount		Gross Amount		Debt Discount and Issuance Costs			Carrying Amount		Gross Amount		Debt Discount and Issuance Costs			Carrying Amount

	(in thousands)
2.125% Cash convertible senior notes due 2019	$	230,000	$	(23,721	)	$	206,279	$	230,000	$	(34,779	)	$	195,221	$	230,000	$	(32,046	)	$	197,954
Cash convertible senior notes due 2019 embedded derivative	5,900		—			5,900		16,200		—			16,200		37,692		—			37,692
Term loan facility	50,000		(1,765		)	48,235		—		—			—		50,000		(2,035		)	47,965
	$	285,900	$	(25,486	)	$	260,414	$	246,200	$	(34,779	)	$	211,421	$	317,692	$	(34,081	)	$	283,611



	Principal Payment Schedule
	Total		Less Than 1 Year		1 - 3 Years		3 - 5 Years		More Than 5 Years

	(in thousands)
2.125% Cash convertible senior notes due 2019 (a) (b)	$	230,000	$	—	$	230,000	$	—	$	—
Term loan facility (b)	50,000		—		—		—		50,000
	$	280,000	$	—	$	230,000	$	—	$	50,000


(a)	Excludes the potential impact of the embedded derivative.


(b)	See discussion of repayments subsequent to June 30, 2017 in Note 10.

Term Loan Facility up to $100 Million

On September 12, 2016 (the “Closing Date”), EZCORP, Inc. (as borrower) and certain of its subsidiaries (as guarantors) entered into a “Financing Agreement” with certain lenders (the “Lenders”) and Fortress Credit Co LLC (as collateral and administrative agent for the Lenders). The Financing Agreement provides for a senior secured credit facility in an aggregate principal amount of $100 million, subject to various terms and conditions contained in the Financing Agreement. The credit facility (“Term Loan Facility”) consists of an Initial Term Loan of $50 million that was drawn on the Closing Date and a Delayed Draw Term Loan of $50 million.

Borrowings under the facility bear interest at an annual rate initially equal to the London Interbank Offered Rate (“LIBOR”) plus 7.5% or, at our election, a “Reference Rate” plus 6.5%. The LIBOR is subject to a floor of 1% and the Reference Rate is subject to a floor of 3%. We pay a monthly fee of 2.75% per annum on the average daily unused portion of the Delayed Draw Term Loan facility and a quarterly loan servicing fee of $15,000.

The Term Loan Facility was repaid in full and terminated subsequent to June 30, 2017. See Note 10.

2.125% Cash Convertible Senior Notes Due 2019

In June 2014 ("Original Issuance Date"), we issued $200 million aggregate principal amount of 2.125% Cash Convertible Notes, with an additional $30 million principal amount of Cash Convertible Notes issued in July 2014. All of the Cash Convertible Notes were issued pursuant to an indenture dated June 23, 2014 (the "Indenture") by and between EZCORP and Wells Fargo Bank, National Association, as the trustee. The Cash Convertible Notes were issued in a private offering and resold under Rule 144A under the Securities Act of 1933. The Cash Convertible Notes pay interest semi-annually in arrears at a rate of 2.125% per annum on June 15 and December 15 of each year and mature on June 15, 2019 (the "Maturity Date").

Prior to December 15, 2018, the Cash Convertible Notes will be convertible only upon the occurrence of certain events and during certain periods, and thereafter, at any time prior to the close of business on the second scheduled trading day immediately preceding the Maturity Date. At maturity, the holders of the Cash Convertible Notes will be entitled to receive cash equal to the principal amount of the Cash Convertible Notes plus unpaid accrued interest. See discussion of partial repayment subsequent to June 30, 2017 in Note 10.

Cash Convertible Notes Embedded Derivative

We account for the cash conversion feature of the Cash Convertible Notes as a separate derivative instrument (the “Cash Convertible Notes Embedded Derivative”). The Cash Convertible Notes are convertible into cash, subject to satisfaction of certain conditions and during the periods described below, based on an initial "Conversion Rate" of 62.2471 shares of Class A Common Stock per $1,000 principal amount of Cash Convertible Notes (equivalent to an initial "Conversion Price" of approximately $16.065 per share of our Class A Common Stock). Upon conversion of a note, we will pay cash based on a daily conversion value calculated on a proportionate basis for each trading day in the applicable 80 trading day observation period as described in the Indenture. The Conversion Rate will not be adjusted for any accrued and unpaid interest.

Holders may surrender their Cash Convertible Notes for conversion into cash prior to December 15, 2018 only under the following circumstances (the “Early Conversion Conditions”): (1) during any fiscal quarter commencing after the fiscal quarter ending on September 30, 2014 (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 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; or (3) upon the occurrence of specified corporate events, as defined in the Indenture. On or after December 15, 2018 until the close of business on the second scheduled trading day immediately preceding the Maturity Date, holders may convert their notes into cash at any time, regardless of the foregoing circumstances.

If a holder elects to convert its Cash Convertible Notes in connection with certain make-whole fundamental changes, as that term is defined in the Indenture, that occur prior to the Maturity Date, we will in certain circumstances increase the Conversion Rate for Cash Convertible Notes converted in connection with such make-whole fundamental changes by a specified number of shares of Class A Common Stock. In addition, the Conversion Rate is subject to customary anti-dilution adjustments (for example, certain dividend distributions or tender or exchange offer of our Class A Common Stock).

Upon the occurrence of a fundamental change, as defined in the Indenture, holders may require us to repurchase for cash all or any portion of the then outstanding Cash Convertible Notes at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest.

As of June 30, 2017, no triggering events occurred for of the note holders to elect to convert their Cash Convertible Notes. Subsequent to June 30, 2017, we repurchased and retired $35.0 million aggregate principal amount of Cash Convertible Notes, leaving $195.0 million aggregate principal amount outstanding. See Note 10.

Cash Convertible Notes Hedges

In connection with the issuance of the Cash Convertible Notes, we purchased cash-settled call options (the “Cash Convertible Notes Hedges”) in privately negotiated transactions with certain of the initial purchasers or their affiliates (in this capacity, the “Option Counterparties”). The Cash Convertible Notes Hedges provide us with the option to acquire, on a net settlement basis, approximately 14.3 million shares of our Class A Common Stock at a strike price of $16.065, which is equal to the number of shares of our Class A Common Stock that notionally underlie the Cash Convertible Notes and corresponds to the Conversion Price of the Cash Convertible Notes. The Cash Convertible Notes Hedges have an expiration date that is the same as the Maturity Date of the Cash Convertible Notes, subject to earlier exercise. The Cash Convertible Notes Hedges have customary anti-dilution provisions similar to the Cash Convertible Notes. If we exercise the Cash Convertible Notes Hedges, the aggregate amount of cash we will receive from the Option Counterparties will cover the aggregate amount of cash that we would be required to pay to the holders of the converted Cash Convertible Notes, less the principal amount thereof. As of June 30, 2017, we have not purchased any shares under the Cash Convertible Notes Hedges.

The aggregate cost of the Cash Convertible Notes Hedges was $46.5 million (or $21.3 million net of the total proceeds from the Warrants sold, as discussed below). The Cash Convertible Notes Hedges are accounted for as a derivative asset and are recorded in the condensed consolidated balance sheets at their estimated fair value. The Cash Convertible Notes Embedded Derivative liability and the Cash Convertible Notes Hedges asset will be adjusted to fair value each reporting period and unrealized gains and losses will be reflected in the condensed consolidated statements of operations. The Cash Convertible Notes Embedded Derivative and the Cash Convertible Notes Hedges are designed to have similar fair values. Accordingly, the changes in the fair values of these instruments are expected to offset and not have a net impact on the condensed consolidated statements of operations. See Note 4 for discussion of fair value of the Cash Convertible Notes Embedded Derivative liability and the Cash Convertible Notes Hedges asset.

Subsequent to June 30, 2017, in connection with our repurchase and retirement of $35.0 million aggregate principal amount of Cash Convertible Notes, we settled and terminated the portion of the Cash Convertible Notes Hedges associated with the retired Cash Convertible Notes principal. See Note 10.

Cash Convertible Notes Warrants

In connection with the issuance of the Cash Convertible Notes, we also sold net-share-settled warrants (the “Cash Convertible Notes Warrants”) in privately negotiated transactions with the Option Counterparties for the purchase of up to approximately 14.3 million shares of our Class A Common Stock at a strike price of $20.83 per share, for total proceeds of $25.1 million, net of issuance costs, which was recorded as an increase in stockholders' equity. The Cash Convertible Notes Warrants have customary anti-dilution provisions similar to the Cash Convertible Notes. As a result of the Cash Convertible Notes Warrants, we will experience dilution to our diluted earnings per share if our average closing stock price exceeds $20.83 for any fiscal quarter. The Cash Convertible Notes Warrants expire on various dates from September 2019 through February 2020 and must be settled in net shares of our Class A Common Stock. Therefore, upon expiration of the Cash Convertible Notes Warrants, we will issue shares of Class A Common Stock to the purchasers of the Cash Convertible Notes Warrants that represent the value by which the price of the Class A Common Stock exceeds the strike price stipulated within the particular warrant agreement. As of June 30, 2017, there were 12.1 million Cash Convertible Notes Warrants outstanding. Subsequent to June 30, 2017, in connection with our repurchase and retirement of $35.0 million aggregate principal amount of Cash Convertible Notes, we settled and terminated the portion of the Cash Convertible Notes Warrants associated with the retired Cash Convertible Notes principal. See Note 10.

Stock Compensation	9 Months Ended
Stock Compensation	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK COMPENSATION	NOTE 6: STOCK COMPENSATION On May 1, 2010 our Board of Directors approved the adoption of the EZCORP, Inc. 2010 Long-Term Incentive Plan (the “2010 Plan”). As of September 30, 2016, the 2010 Plan permitted grants of options, restricted stock awards and stock appreciation rights covering up to 3,485,649 shares of our Class A Common Stock. In December 2016, the Board of Directors and the voting stockholder approved the addition of 500,000 shares to the 2010 Plan. In November and December 2016, we granted 919,898 restricted stock unit awards to employees and 72,500 restricted stock awards to non-employee directors with a grant date fair value of primarily $9.60 per share. Our long-term incentive awards are generally granted based on our share price as of October 1 each year, which was $11.06 for these fiscal 2017 awards. The awards granted to employees vest on September 30, 2019 subject to the achievement of certain performance targets. As of June 30, 2017, we considered the achievement of these performance targets probable. The awards granted to non-employee directors vest over two years, 50% on September 30, 2017 and 50% on September 30, 2018 and are subject only to service conditions.

Contingencies

9 Months Ended

Jun. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

CONTINGENCIES

NOTE 7: CONTINGENCIES

We are involved in various claims, suits, investigations and legal proceedings, including those described below. We are unable to determine the ultimate outcome of any current litigation or regulatory actions. An unfavorable outcome could have a material adverse effect on our financial condition, results of operations or liquidity. Except as noted below, we have not recorded a liability for any of these matters as of June 30, 2017 because we do not believe at this time that any loss is probable or that the amount of any probable loss can be reasonably estimated. The following is a description of significant proceedings.

Shareholder derivative litigation — On July 28, 2014, Lawrence Treppel, a purported holder of Class A Common Stock, filed a derivative action in the Court of Chancery of the State of Delaware styled Treppel v. Cohen, et al. (C.A. No. 9962-VCP). The complaint, as originally filed and as amended on September 23, 2014, names as defendants Phillip E. Cohen, the beneficial owner of all of our outstanding Class B Voting Common Stock; several current and former members of our Board of Directors (Joseph J. Beal, Sterling B. Brinkley, John Farrell, Pablo Lagos Espinosa, William C. Love, Thomas C. Roberts and Paul E. Rothamel); three entities controlled by Mr. Cohen (MS Pawn Limited Partnership, the record holder of our Class B Voting Common Stock; MS Pawn Corporation, the general partner of MS Pawn Limited Partnership; and Madison Park LLC); and EZCORP, Inc., as nominal defendant. The amended complaint asserts the following claims:


•	Claims against the current and former Board members for breach of fiduciary duties and waste of corporate assets in connection with the Board’s decision to enter into advisory services agreements with Madison Park from October 2004 to June 2014 (Counts I and II, respectively);


•	Claims against Mr. Cohen and MS Pawn Limited Partnership for aiding and abetting the breaches of fiduciary duties relating to the advisory services agreements with Madison Park (Count III); and


•	Claims against Mr. Cohen and Madison Park for unjust enrichment for payments under the advisory services agreements (Count IV).

The plaintiff seeks (a) recovery for the Company in the amount of the damages the Company has sustained as a result of the alleged breach of fiduciary duties, waste of corporate assets and aiding and abetting, (b) disgorgement by Mr. Cohen and Madison Park of the benefits they received as a result of the related party transactions and (c) reimbursement of costs and expenses, including reasonable attorney’s fees.

On November 13, 2014, pursuant to the parties’ stipulation, the Court dismissed the action as to Mr. Brinkley, Mr. Rothamel and Mr. Lagos.

The remaining defendants filed motions to dismiss, and a hearing on those motions was held before the Court on September 8, 2015. Prior to that hearing, the plaintiff proposed a dismissal without prejudice for the claims against Mr. Beal, Mr. Love and Mr. Farrell. Those defendants continued to seek a dismissal with prejudice that would bind all potential plaintiffs. On January 15, 2016, the Court issued an opinion dismissing the action as to Mr. Beal, Mr. Love and Mr. Farrell with prejudice only as to the plaintiff.

On January 25, 2016, the Court issued a separate opinion granting in part and denying in part the motions to dismiss filed by the remaining defendants. Specifically, the Court granted the motion to dismiss Count IV (unjust enrichment) for failure to state a claim. The Court also dismissed Count III (aiding and abetting) as to Mr. Cohen, but interpreted Count I (breach of fiduciary duty) to state a claim against Mr. Cohen and MS Pawn, as well as Mr. Roberts. The Court otherwise denied the motions to dismiss, including the motion to dismiss Count III (aiding and abetting) against MS Pawn.

On February 4, 2016, the remaining defendants filed an Application for Certification of Interlocutory Appeal, which the plaintiff opposed on February 15, 2016, and the Court set a hearing on the application. On February 22, 2016, the Court denied the Application for Certification of Interlocutory Appeal and provided the plaintiff the opportunity to amend its complaint to add a fiduciary-duty claim as to Mr. Cohen and Madison Park, staying proceedings pending a ruling from the Delaware Supreme Court. After the Application for Certification of Interlocutory Appeal was denied, Mr. Roberts, MS Pawn Corporation and MS Pawn Limited Partnership filed notices of appeal from the interlocutory opinion and order denying the motions to dismiss. On March 10, 2016, the Delaware Supreme Court denied those petitions for an interlocutory appeal.

On March 4, 2016, the plaintiff filed a Second Amended Derivative Complaint against Mr. Roberts, Mr. Cohen, Madison Park, MS Pawn Corporation and MS Pawn Limited Partnership with EZCORP, Inc., as nominal defendant. The case is now in the discovery stage.

We intend to continue to defend vigorously against the claims asserted in the lawsuit. Although the lawsuit does not seek relief against the Company, we have certain indemnification obligations to the other defendants (including Madison Park and Mr. Cohen), which obligations include the payment of attorney's fees in advance of the outcome. We cannot predict the outcome of this lawsuit, or the amount of time and expense that will be required to resolve it.

Federal securities litigation (SDNY) — On August 22, 2014, Jason Close, a purported holder of Class A Common Stock, for himself and on behalf of other similarly situated holders of Class A Common Stock, filed a lawsuit in the United States District Court for the Southern District of New York styled Close v. EZCORP, Inc., et al. (Case No. 1:14-cv-06834-ALC). That lawsuit named as defendants EZCORP, Inc., Paul. E. Rothamel (the Company's former Chief Executive Officer) and Mark Kuchenrither (the Company's former Chief Financial Officer). That lawsuit was consolidated with a similar lawsuit filed in the same court on October 17, 2014 by the Automotive Machinists Pension Plan and styled Automotive Machinists Pension Plan v. EZCORP, Inc., et al. (Case No. 1:14-cv-8349-ALC). On November 18, 2014, the court consolidated the two lawsuits under the caption In Re EZCORP, Inc. Securities Litigation (Case No. 1:14-cv-06834-ALC).

The Consolidated Amended Class Action Complaint asserted certain violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5 promulgated thereunder. On March 31, 2016, the Court, in response to the defendants' motions to dismiss, dismissed certain of the claims, but other claims survived the motions to dismiss.

On November 23, 2016, the parties agreed to a mediated settlement of all remaining claims. The settlement provides for the payment of $5.9 million by the defendants, which was covered by applicable directors’ and officers’ liability insurance. Following a Settlement Hearing on April 25, 2017, the Court entered an order to approve the settlement and dismiss the case.

Federal Securities Litigation (WDT) — On July 20, 2015, Wu Winfred Huang, a purported holder of Class A Common Stock, for himself and on behalf of other similarly situated holders of Class A Common Stock, filed a lawsuit in the United States District Court for the Western District of Texas styled Huang v. EZCORP, Inc., et al. (Case No. 1:15-cv-00608-SS). The complaint names as defendants EZCORP, Inc., Stuart I. Grimshaw (our chief executive officer) and Mark E. Kuchenrither (our former chief financial officer) and asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The original complaint related to the Company’s announcement on July 17, 2015 that it will restate the financial statements for fiscal 2014 and the first quarter of fiscal 2015, and alleged generally that the Company issued materially false or misleading statements concerning the Company, its finances, business operations and prospects and that the Company misrepresented the financial performance of the Grupo Finmart business.

On August 14, 2015, a substantially identical lawsuit, styled Rooney v. EZCORP, Inc., et al. (Case No. 1:15-cv-00700-SS) was also filed in the United States District Court for the Western District of Texas. On September 28, 2015, the plaintiffs in these two lawsuits filed an agreed stipulation to be appointed co-lead plaintiffs and agreed that their two actions should be consolidated. On November 3, 2015, the Court entered an order consolidating the two actions under the caption In re EZCORP, Inc. Securities Litigation (Master File No. 1:15-cv-00608-SS), and appointed the two plaintiffs as co-lead plaintiffs, with their respective counsel appointed as co-lead counsel.

On January 11, 2016, the plaintiffs filed an Amended Class Action Complaint (the "Amended Complaint"). In the Amended Complaint, the plaintiffs seek to represent a class of purchasers of our Class A Common Stock between November 6, 2012 and October 20, 2015. The Amended Complaint asserts that the Company and Mr. Kuchenrither violated Section 10(b) of the Securities Exchange Act and Rule 10b-5, issued materially false or misleading statements throughout the proposed class period concerning the Company and its internal controls, specifically regarding the financial performance of Grupo Finmart. The plaintiffs also allege that Mr. Kuchenrither, as a controlling person of the Company, violated Section 20(a) of the Securities Exchange Act. The Amended Complaint does not assert any claims against Mr. Grimshaw. On February 25, 2016, defendants filed a motion to dismiss the lawsuit. The plaintiff filed an opposition to the motion to dismiss on April 11, 2016, and the defendants filed their reply on May 11, 2016. The Court held a hearing on the motion to dismiss on June 22, 2016.

On October 18, 2016, the Court granted the defendants’ motion to dismiss and dismissed the Amended Complaint without prejudice. The Court gave the plaintiffs 20 days (until November 7, 2016) to file a further amended complaint. On November 4, 2016, the plaintiffs filed a Second Amended Consolidated Class Action Complaint (“Second Amended Complaint”). The Second Amended Complaint raises the same claims dismissed by the Court on October 18, 2016, except plaintiffs now seek to represent a class of purchasers of EZCORP’s Class A Common Stock between November 7, 2013 and October 20, 2015 (instead of between November 6, 2012 and October 20, 2015). On December 5, 2016, defendants filed a motion to dismiss the Second Amended Compliant. The plaintiffs filed their opposition to the motion to dismiss on January 6, 2017, and the defendants filed their reply brief on January 20, 2017.

On May 8, 2017, the Court granted the defendants’ motion to dismiss with regard to claims related to accounting errors relating to Grupo Finmart’s bad debt reserve calculations for “nonperforming” loans, but denied the motion to dismiss with regard to claims relating to accounting errors related to certain sales of loan portfolios to third parties. The case is now in the discovery stage. We cannot predict the outcome of the litigation, but we intend to defend vigorously against all allegations and claims.

SEC Investigation — On October 23, 2014, we received a notice from the Fort Worth Regional Office of the SEC that it was conducting an investigation into certain matters involving EZCORP, Inc. The notice was accompanied by a subpoena, directing us to produce a variety of documents, including all minutes and materials related to Board of Directors and Board committee meetings since January 1, 2009 and all documents and communications relating to our historical advisory services relationship with Madison Park (the business advisory firm owned by Mr. Cohen) and LPG Limited (a business advisory firm owned by Lachlan P. Given, our current Executive Chairman of the Board). The SEC has also issued subpoenas to current and former members of our Board of Directors requesting production of similar documents, as well as to certain third parties, and has conducted interviews with certain individuals. We continue to cooperate fully with the SEC in its investigation.

Segment Information

9 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 8: SEGMENT INFORMATION

We currently report our segments as follows: U.S. Pawn — all pawn activities in the United States, Mexico Pawn — all pawn activities in Mexico and other parts of Latin America and Other International — primarily our equity interest in the net income of Cash Converters International and consumer finance activities in Canada. There are no inter-segment revenues, and the amounts below were determined in accordance with the same accounting principles used in our condensed consolidated financial statements.



	Three Months Ended June 30, 2017
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	82,714		$	15,207		$	—		$	97,921		$	—		$	97,921
Jewelry scrapping sales	17,257			384			—			17,641			—			17,641
Pawn service charges	56,774			9,104			—			65,878			—			65,878
Other revenues	50			179			1,964			2,193			—			2,193
Total revenues	156,795			24,874			1,964			183,633			—			183,633
Merchandise cost of goods sold	52,488			10,127			—			62,615			—			62,615
Jewelry scrapping cost of goods sold	14,674			336			—			15,010			—			15,010
Other cost of revenues	—			—			453			453			—			453
Net revenues	89,633			14,411			1,511			105,555			—			105,555
Segment and corporate expenses (income):
Operations	63,593			8,898			1,755			74,246			—			74,246
Administrative	—			—			—			—			14,095			14,095
Depreciation and amortization	2,210			619			44			2,873			2,970			5,843
Loss (gain) on sale or disposal of assets	20			(3		)	—			17			—			17
Interest expense	—			2			—			2			5,652			5,654
Interest income	—			(480		)	—			(480		)	(1,573		)	(2,053		)
Equity in net income of unconsolidated affiliate	—			—			(1,047		)	(1,047		)	—			(1,047		)
Other income	(5		)	(24		)	(68		)	(97		)	(2		)	(99		)
Segment contribution	$	23,815		$	5,399		$	827		$	30,041
Income from continuing operations before income taxes										$	30,041		$	(21,142	)	$	8,899



	Three Months Ended June 30, 2016
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	79,826		$	14,187		$	1		$	94,014		$	—		$	94,014
Jewelry scrapping sales	10,918			312			—			11,230			—			11,230
Pawn service charges	54,395			8,078			—			62,473			—			62,473
Other revenues	39			157			2,237			2,433			—			2,433
Total revenues	145,178			22,734			2,238			170,150			—			170,150
Merchandise cost of goods sold	50,586			9,554			—			60,140			—			60,140
Jewelry scrapping cost of goods sold	8,845			265			—			9,110			—			9,110
Other cost of revenues	—			—			506			506			—			506
Net revenues	85,747			12,915			1,732			100,394			—			100,394
Segment and corporate expenses (income):
Operations	62,733			8,744			1,695			73,172			—			73,172
Administrative	—			—			—			—			14,481			14,481
Depreciation and amortization	2,888			720			56			3,664			2,610			6,274
Loss on sale or disposal of assets	(51		)	(13		)	—			(64		)	23			(41		)
Interest expense	—			25			—			25			3,911			3,936
Interest income	(1		)	(23		)	—			(24		)	(26		)	(50		)
Equity in net income of unconsolidated affiliate	—			—			(1,694		)	(1,694		)	—			(1,694		)
Other expense (income)	—			759			—			759			(259		)	500
Segment contribution	$	20,178		$	2,703		$	1,675		$	24,556
Income from continuing operations before income taxes										$	24,556		$	(20,740	)	$	3,816



	Nine Months Ended June 30, 2017
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	273,125		$	46,547		$	—		$	319,672		$	—		$	319,672
Jewelry scrapping sales	35,158			2,500			—			37,658			—			37,658
Pawn service charges	177,480			24,503			—			201,983			—			201,983
Other revenues	157			457			5,958			6,572			—			6,572
Total revenues	485,920			74,007			5,958			565,885			—			565,885
Merchandise cost of goods sold	173,235			31,605			—			204,840			—			204,840
Jewelry scrapping cost of goods sold	30,114			2,081			—			32,195			—			32,195
Other cost of revenues	—			—			1,433			1,433			—			1,433
Net revenues	282,571			40,321			4,525			327,417			—			327,417
Segment and corporate expenses (income):
Operations	194,499			26,439			5,414			226,352			—			226,352
Administrative	—			—			—			—			41,305			41,305
Depreciation and amortization	7,487			1,910			144			9,541			8,705			18,246
Loss (gain) on sale or disposal of assets	(54		)	65			—			11			—			11
Interest expense	—			7			—			7			16,840			16,847
Interest income	—			(889		)	—			(889		)	(6,020		)	(6,909		)
Equity in net income of unconsolidated affiliate	—			—			(3,768		)	(3,768		)	—			(3,768		)
Other income	(14		)	(61		)	(28		)	(103		)	(191		)	(294		)
Segment contribution	$	80,653		$	12,850		$	2,763		$	96,266
Income from continuing operations before income taxes										$	96,266		$	(60,639	)	$	35,627



	Nine Months Ended June 30, 2016
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	266,560		$	45,376		$	5		$	311,941		$	—		$	311,941
Jewelry scrapping sales	32,117			1,493			21			33,631			—			33,631
Pawn service charges	169,630			23,567			—			193,197			—			193,197
Other revenues	281			231			6,639			7,151			—			7,151
Total revenues	468,588			70,667			6,665			545,920			—			545,920
Merchandise cost of goods sold	164,288			30,442			1			194,731			—			194,731
Jewelry scrapping cost of goods sold	27,033			1,222			16			28,271			—			28,271
Other cost of revenues	—			—			1,549			1,549			—			1,549
Net revenues	277,267			39,003			5,099			321,369			—			321,369
Segment and corporate expenses (income):
Operations	187,518			28,961			4,967			221,446			—			221,446
Administrative	—			—			—			—			50,085			50,085
Depreciation and amortization	9,489			2,285			163			11,937			8,485			20,422
Loss on sale or disposal of assets	502			116			—			618			23			641
Restructuring	982			543			202			1,727			183			1,910
Interest expense	125			103			—			228			11,786			12,014
Interest income	(2		)	(23		)	—			(25		)	(41		)	(66		)
Equity in net income of unconsolidated affiliate	—			—			(5,626		)	(5,626		)	—			(5,626		)
Other expense	—			808			3			811			4			815
Segment contribution	$	78,653		$	6,210		$	5,390		$	90,253
Income from continuing operations before income taxes										$	90,253		$	(70,525	)	$	19,728

Supplemental Consolidated Financial Information and Discontinued Operations

9 Months Ended

Jun. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION AND DISCONTINUED OPERATIONS

NOTE 9: SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION AND DISCONTINUED OPERATIONS

Supplemental Consolidated Financial Information

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



	June 30, 2017			June 30, 2016			September 30, 2016

	(in thousands)
Gross pawn service charges receivable	$	41,533		$	39,688		$	41,458
Allowance for uncollectible pawn service charges receivable	(10,948		)	(10,045		)	(10,396		)
Pawn service charges receivable, net	$	30,585		$	29,643		$	31,062

Gross inventory	$	141,510		$	135,807		$	146,367
Inventory reserves	(6,457		)	(5,439		)	(6,143		)
Inventory, net	$	135,053		$	130,368		$	140,224

Property and equipment, gross	$	215,823		$	210,005		$	210,309
Accumulated depreciation	(162,801		)	(148,804		)	(151,854		)
Property and equipment, net	$	53,022		$	61,201		$	58,455

Discontinued Operations

In September 2016 we completed the previously announced sale of all of our interests in Grupo Finmart to AlphaCredit. The information presented below includes the assets, liabilities, revenues and expenses of variable interest entities which were deconsolidated as a result of the sale of Grupo Finmart.

The following table presents the reconciliation of the major line items constituting "Loss from discontinued operations, net of tax" of Grupo Finmart and other operations discontinued prior to the adoption of ASU 2014-08 that are presented in the condensed consolidated statements of operations:



	Three Months Ended June 30, 2016			Nine Months Ended June 30, 2016

	(in thousands)
Revenues	$	11,761		$	36,345
Consumer loan bad debt	(6,201		)	(26,444		)
Operations expense	(9,489		)	(100,347		)
Interest expense, net	(3,943		)	(13,255		)
Depreciation, amortization and other expenses	(4,597		)	(6,234		)
Loss from discontinued operations before income taxes of Grupo Finmart	(12,469		)	(109,935		)
Income tax benefit	2,746			11,609
Income (loss) from discontinued operations, net of tax of operations discontinued prior to the adoption of ASU 2014-08*	590			(742		)
Loss from discontinued operations, net of tax	$	(9,133	)	$	(99,068	)

Loss from discontinued operations, net of tax of Grupo Finmart	$	(9,723	)	$	(98,326	)
Loss from discontinued operations, net of tax of Grupo Finmart attributable to noncontrolling interest	540			6,140
Loss from discontinued operations, net of tax of Grupo Finmart attributable to EZCORP, Inc.	$	(9,183	)	$	(92,186	)


*	Includes revenues of $2.1 million for the three and nine months ended June 30, 2016.

Cash flows from Grupo Finmart operating and investing activities for the three months ended June 30, 2016 were $2.3 million and $4.4 million, respectively, and $9.4 million and $4.6 million, respectively for the nine months ended June 30, 2016, with immaterial cash flows from Grupo Finmart operating and investing activities for the three and nine months ended June 30, 2017.

The following table presents the reconciliation of the carrying amounts of major classes of assets and liabilities, net of intercompany liabilities, of Grupo Finmart that are classified as held for sale presented in the condensed consolidated balance sheets as of June 30, 2016, in thousands:



Cash and cash equivalents	$	1,728
Consumer loans and non-current consumer loans, net	71,409
Consumer loan fees and interest receivable, net	11,390
Goodwill, intangible assets and property and equipment, net	10,285
Prepaid expenses, other current assets, deferred tax assets and other assets, net	62,742
Total assets classified as held for sale	$	157,554

Current maturities of long-term debt	$	80,248
Accounts payable, accrued expenses and other current liabilities	13,732
Long-term debt, less current maturities, net and other long-term liabilities	36,281
Total liabilities classified as held for sale	$	130,261

Subsequent Events	9 Months Ended
Subsequent Events	Jun. 30, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10: SUBSEQUENT EVENTS 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 “Convertible Notes”). All of the Convertible Notes were issued pursuant to an indenture dated July 5, 2017 (the "2017 Indenture") by and between us and Wells Fargo Bank, National Association, as the trustee. The Convertible Notes were issued in a private offering under Rule 144A under the Securities Act of 1933. The 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 on January 1, 2018, and will mature on July 1, 2024 (the "2024 Maturity Date"), unless earlier converted, redeemed or repurchased in accordance with their terms prior to such date. At maturity, the holders of the Convertible Notes will be entitled to receive cash equal to the principal amount of the Convertible Notes plus unpaid accrued interest. The Convertible Notes are convertible into cash or shares of Class A Common Stock, or any combination thereof, at our option subject to satisfaction of certain conditions and during the periods described below, based on an initial conversion rate of 100 shares of Class A Common Stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of $10.00 per share of our Class A Common Stock). The conversion rate will not be adjusted for any accrued and unpaid interest. The Convertible Notes contain certain make-whole fundamental change premiums and customary anti-dilution adjustments. Prior to January 1, 2024, the 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 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 Convertible Notes may, at their option, convert their Convertible Notes at any time, regardless of the foregoing circumstances. We may not redeem the Convertible Notes prior to July 6, 2021. At our option, we may redeem for cash all or any portion of the 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 the Company provides notice of redemption. The redemption price will be equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Repayment of Term Loan Facility and Partial Repayment of Cash Convertible Notes In July 2017, we used approximately $51.6 million of net proceeds from the Convertible Notes offering, described above, to repay all outstanding borrowings under the Term Loan Facility (described in Note 5) and terminated that facility, including the undrawn Delayed Draw Term Loan commitment. In connection with the termination of the Term Loan Facility, the lenders have released, or are in the process of releasing, all related security interests in our assets. Further, we used approximately $34.4 million of net proceeds from the Convertible Notes offering to repurchase and retire $35.0 million aggregate principal amount of Cash Convertible Notes. In connection with the repurchase and retirement of Cash Convertible Notes, we entered into agreements dated as of June 29, 2017 to cash settle a proportionate amount of Cash Convertible Notes Hedges and Cash Convertible Notes Warrants corresponding to the repurchased and retired Cash Convertible Notes. In July 2017 we received $0.6 million in connection with the partial settlement of the Cash Convertible Notes Hedges and paid $0.5 million in connection with the settlement of 2.2 million of the outstanding Cash Convertible Notes Warrants. The remaining net proceeds of approximately $54.0 million from the Convertible Notes offering after the repayments discussed above will increase our general cash reserves and provide additional capital to potentially add to our earnings capacity as we consider attractive acquisition opportunities. We expect to record one-time charges of approximately $5 million in the fourth quarter of fiscal 2017 related to these transactions. Early Repayment of Notes Receivable In July 2017, we received $6.2 million, including interest, for repayment of certain of our notes receivable that we received in connection with our sale of Grupo Finmart to Alpha Credit in September 2016. The repaid promissory notes were originally scheduled to be repaid July 2017 through December 2017, including early repayment of principal of $5.3 million. As a result of the early repayment, we will write-off the remaining associated guarantee asset and liability resulting in a nil impact to our condensed consolidated statements of operations in the fourth quarter of fiscal 2017.

Organization and Summary of Significant Accounting Policies (Policies)

9 Months Ended

Jun. 30, 2017

Accounting Policies [Abstract]

Basis of Presentation

Use of Estimates and Assumptions

Recently Adopted and Issued Accounting Pronouncements and Significant Accounting Policies

Recently Adopted Accounting Policies

•


•	We early adopted ASU 2014-15 during the quarter ended December 31, 2016. Upon adoption of the ASU, management has the responsibility to evaluate whether there is substantial doubt about our ability to continue as a going concern for a period of one year after the date that the financial statements are issued (or available to be issued) or to provide related footnote disclosures.

Recently Issued Accounting Pronouncements and Significant Accounting Policies

•

Earnings per Share (Tables)

9 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Net components of basic and diluted earnings per share

Components of basic and diluted earnings per share and excluded antidilutive potential common shares are as follows:



	Three Months Ended June 30,						Nine Months Ended June 30,
	2017			2016			2017			2016

	(in thousands, except per share amounts)
Net income from continuing operations attributable to EZCORP (A)	$	5,525		$	2,904		$	22,316		$	8,954
Loss from discontinued operations, net of tax (B)	(265		)	(8,593		)	(1,868		)	(92,929		)
Net income (loss) attributable to EZCORP (C)	$	5,260		$	(5,689	)	$	20,448		$	(83,975	)

Weighted-average outstanding shares of common stock (D)	54,295			53,980			54,247			54,574
Dilutive effect of restricted stock	72			212			63			116
Weighted-average common stock and common stock equivalents (E)	54,367			54,192			54,310			54,690

Basic earnings (loss) per share attributable to EZCORP:
Continuing operations (A / D)	$	0.10		$	0.05		$	0.41		$	0.16
Discontinued operations (B / D)	—			(0.16		)	(0.03		)	(1.70		)
Basic earnings (loss) per share (C / D)	$	0.10		$	(0.11	)	$	0.38		$	(1.54	)

Diluted earnings (loss) per share attributable to EZCORP:
Continuing operations (A / E)	$	0.10		$	0.05		$	0.41		$	0.16
Discontinued operations (B / E)	—			(0.16		)	(0.03		)	(1.70		)
Diluted earnings (loss) per share (C / E)	$	0.10		$	(0.11	)	$	0.38		$	(1.54	)

Potential common shares excluded from the calculation of diluted earnings (loss) per share above:
Restricted stock*	2,418			2,109			2,435			1,259
Warrants**	12,138			14,317			12,138			14,317
Total potential common shares excluded	14,556			16,426			14,573			15,576


*	Includes antidilutive share-based awards as well as performance-based and market conditioned 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.


**	See Note 5 for discussion of the terms and conditions of these potential common shares and Note 10 for settlement of a portion of the Cash Convertible Notes Warrants subsequent to June 30, 2017.

Strategic Investments (Tables)

9 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Schedule of equity method investments

The following tables present summary financial information for Cash Converters International’s most recently reported results as of June 30, 2017 after translation to U.S. dollars:



	December 31,
	2016		2015

	(in thousands)
Current assets	$	158,235	$	176,105
Non-current assets	141,218		143,466
Total assets	$	299,453	$	319,571

Current liabilities	$	70,468	$	68,857
Non-current liabilities	48,181		48,263
Shareholders’ equity:
Equity attributable to owners of the parent	$	180,803	$	202,450
Noncontrolling interest	1		1
Total liabilities and shareholders’ equity	$	299,453	$	319,571



	Half Year Ended December 31,
	2016		2015

	(in thousands)
Gross revenues*	$	108,161	$	110,219
Gross profit*	74,343		81,139
Net profit	8,633		11,483


*	Cash Converters International announced during its fiscal 2016 that certain of its United Kingdom operations would be discontinued, including a historical recasting of such operations as discontinued operations. We have recast the above information pertaining to the half year ended December 31, 2015 to reflect this historical recasting.

Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Financial assets (liabilities) that are measured at fair value on a recurring basis



Financial Assets (Liabilities)	Balance Sheet Location	June 30, 2017			June 30, 2016			September 30, 2016

		(in thousands)
Guarantee asset — Level 3	Prepaid expenses and other current assets	$	298		$	—		$	1,209
Guarantee liability — Level 3	Accounts payable, accrued expenses and other current liabilities	(310		)	—			(1,258		)
Cash Convertible Notes Hedges — Level 2	Other assets, net	5,900			16,200			37,692
Cash Convertible Notes Embedded Derivative — Level 2	Long-term debt, net	(5,900		)	(16,200		)	(37,692		)
Cash Convertible Notes Warrants — Level 3	Accounts payable, accrued expenses and other current liabilities	(523		)	—			—

Financial assets, temporary equity, and liabilities not measured at fair value in the consolidated balance sheet



	Carrying Value		Estimated Fair Value
	June 30, 2017		June 30, 2017		Fair Value Measurement Using
	June 30, 2017		June 30, 2017		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable, net	$	63,277	$	65,570	$	—	$	—	$	65,570
Investment in unconsolidated affiliate	41,725		37,306		37,306		—		—

Financial liabilities:
Cash Convertible Notes	$	206,279	$	218,500	$	—	$	218,500	$	—
Term Loan Facility	48,235		48,159		—		—		48,159



	Carrying Value		Estimated Fair Value
	June 30, 2016		June 30, 2016		Fair Value Measurement Using
	June 30, 2016		June 30, 2016		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Investment in unconsolidated affiliate	$	56,843	$	49,149	$	49,149	$	—	$	—

Financial liabilities:
Cash Convertible Notes	$	195,221	$	190,762	$	—	$	190,762	$	—



	Carrying Value		Estimated Fair Value
	September 30, 2016		September 30, 2016		Fair Value Measurement Using
	September 30, 2016		September 30, 2016		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable, net	$	83,065	$	83,065	$	—	$	—	$	83,065
Investment in unconsolidated affiliate	37,128		37,128		37,128		—		—

Financial liabilities:
Cash Convertible Notes	$	197,954	$	227,332	$	—	$	227,332	$	—
Term Loan Facility	47,965		48,688		—		—		48,688

Carrying amount and classification of assets and liabilities



		June 30, 2017					September 30, 2016
Instrument	Balance Sheet Location	Asset (Liability) Recorded in Consolidated Balance Sheet			Maximum Exposure to Loss		Asset (Liability) Recorded in Consolidated Balance Sheet			Maximum Exposure to Loss


Notes receivable	Notes receivable, net (including discount of $3.8 million and $6.7 million as of June 30, 2017 and September 30, 2016, respectively)	$	63,277		$	63,277	$	83,065		$	83,065
Guarantee asset	Prepaid expenses and other current assets	298			—		1,209			—
Guarantee liability*	Accounts payable, accrued expenses and other current liabilities	(310		)	—		(1,258		)	—

Long-term Debt (Tables)

9 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Long term debt instruments

The following tables present our long-term debt instruments outstanding as well as future principal payments due, exclusive of amounts attributable to Grupo Finmart:



	June 30, 2017							June 30, 2016							September 30, 2016
	Gross Amount		Debt Discount and Issuance Costs			Carrying Amount		Gross Amount		Debt Discount and Issuance Costs			Carrying Amount		Gross Amount		Debt Discount and Issuance Costs			Carrying Amount

	(in thousands)
2.125% Cash convertible senior notes due 2019	$	230,000	$	(23,721	)	$	206,279	$	230,000	$	(34,779	)	$	195,221	$	230,000	$	(32,046	)	$	197,954
Cash convertible senior notes due 2019 embedded derivative	5,900		—			5,900		16,200		—			16,200		37,692		—			37,692
Term loan facility	50,000		(1,765		)	48,235		—		—			—		50,000		(2,035		)	47,965
	$	285,900	$	(25,486	)	$	260,414	$	246,200	$	(34,779	)	$	211,421	$	317,692	$	(34,081	)	$	283,611

Principal payment schedule



	Principal Payment Schedule
	Total		Less Than 1 Year		1 - 3 Years		3 - 5 Years		More Than 5 Years

	(in thousands)
2.125% Cash convertible senior notes due 2019 (a) (b)	$	230,000	$	—	$	230,000	$	—	$	—
Term loan facility (b)	50,000		—		—		—		50,000
	$	280,000	$	—	$	230,000	$	—	$	50,000


(a)	Excludes the potential impact of the embedded derivative.


(b)	See discussion of repayments subsequent to June 30, 2017 in Note 10.

- 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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Segment Information (Tables)

9 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Operating segment information



	Three Months Ended June 30, 2017
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	82,714		$	15,207		$	—		$	97,921		$	—		$	97,921
Jewelry scrapping sales	17,257			384			—			17,641			—			17,641
Pawn service charges	56,774			9,104			—			65,878			—			65,878
Other revenues	50			179			1,964			2,193			—			2,193
Total revenues	156,795			24,874			1,964			183,633			—			183,633
Merchandise cost of goods sold	52,488			10,127			—			62,615			—			62,615
Jewelry scrapping cost of goods sold	14,674			336			—			15,010			—			15,010
Other cost of revenues	—			—			453			453			—			453
Net revenues	89,633			14,411			1,511			105,555			—			105,555
Segment and corporate expenses (income):
Operations	63,593			8,898			1,755			74,246			—			74,246
Administrative	—			—			—			—			14,095			14,095
Depreciation and amortization	2,210			619			44			2,873			2,970			5,843
Loss (gain) on sale or disposal of assets	20			(3		)	—			17			—			17
Interest expense	—			2			—			2			5,652			5,654
Interest income	—			(480		)	—			(480		)	(1,573		)	(2,053		)
Equity in net income of unconsolidated affiliate	—			—			(1,047		)	(1,047		)	—			(1,047		)
Other income	(5		)	(24		)	(68		)	(97		)	(2		)	(99		)
Segment contribution	$	23,815		$	5,399		$	827		$	30,041
Income from continuing operations before income taxes										$	30,041		$	(21,142	)	$	8,899



	Three Months Ended June 30, 2016
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	79,826		$	14,187		$	1		$	94,014		$	—		$	94,014
Jewelry scrapping sales	10,918			312			—			11,230			—			11,230
Pawn service charges	54,395			8,078			—			62,473			—			62,473
Other revenues	39			157			2,237			2,433			—			2,433
Total revenues	145,178			22,734			2,238			170,150			—			170,150
Merchandise cost of goods sold	50,586			9,554			—			60,140			—			60,140
Jewelry scrapping cost of goods sold	8,845			265			—			9,110			—			9,110
Other cost of revenues	—			—			506			506			—			506
Net revenues	85,747			12,915			1,732			100,394			—			100,394
Segment and corporate expenses (income):
Operations	62,733			8,744			1,695			73,172			—			73,172
Administrative	—			—			—			—			14,481			14,481
Depreciation and amortization	2,888			720			56			3,664			2,610			6,274
Loss on sale or disposal of assets	(51		)	(13		)	—			(64		)	23			(41		)
Interest expense	—			25			—			25			3,911			3,936
Interest income	(1		)	(23		)	—			(24		)	(26		)	(50		)
Equity in net income of unconsolidated affiliate	—			—			(1,694		)	(1,694		)	—			(1,694		)
Other expense (income)	—			759			—			759			(259		)	500
Segment contribution	$	20,178		$	2,703		$	1,675		$	24,556
Income from continuing operations before income taxes										$	24,556		$	(20,740	)	$	3,816



	Nine Months Ended June 30, 2017
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	273,125		$	46,547		$	—		$	319,672		$	—		$	319,672
Jewelry scrapping sales	35,158			2,500			—			37,658			—			37,658
Pawn service charges	177,480			24,503			—			201,983			—			201,983
Other revenues	157			457			5,958			6,572			—			6,572
Total revenues	485,920			74,007			5,958			565,885			—			565,885
Merchandise cost of goods sold	173,235			31,605			—			204,840			—			204,840
Jewelry scrapping cost of goods sold	30,114			2,081			—			32,195			—			32,195
Other cost of revenues	—			—			1,433			1,433			—			1,433
Net revenues	282,571			40,321			4,525			327,417			—			327,417
Segment and corporate expenses (income):
Operations	194,499			26,439			5,414			226,352			—			226,352
Administrative	—			—			—			—			41,305			41,305
Depreciation and amortization	7,487			1,910			144			9,541			8,705			18,246
Loss (gain) on sale or disposal of assets	(54		)	65			—			11			—			11
Interest expense	—			7			—			7			16,840			16,847
Interest income	—			(889		)	—			(889		)	(6,020		)	(6,909		)
Equity in net income of unconsolidated affiliate	—			—			(3,768		)	(3,768		)	—			(3,768		)
Other income	(14		)	(61		)	(28		)	(103		)	(191		)	(294		)
Segment contribution	$	80,653		$	12,850		$	2,763		$	96,266
Income from continuing operations before income taxes										$	96,266		$	(60,639	)	$	35,627



	Nine Months Ended June 30, 2016
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	266,560		$	45,376		$	5		$	311,941		$	—		$	311,941
Jewelry scrapping sales	32,117			1,493			21			33,631			—			33,631
Pawn service charges	169,630			23,567			—			193,197			—			193,197
Other revenues	281			231			6,639			7,151			—			7,151
Total revenues	468,588			70,667			6,665			545,920			—			545,920
Merchandise cost of goods sold	164,288			30,442			1			194,731			—			194,731
Jewelry scrapping cost of goods sold	27,033			1,222			16			28,271			—			28,271
Other cost of revenues	—			—			1,549			1,549			—			1,549
Net revenues	277,267			39,003			5,099			321,369			—			321,369
Segment and corporate expenses (income):
Operations	187,518			28,961			4,967			221,446			—			221,446
Administrative	—			—			—			—			50,085			50,085
Depreciation and amortization	9,489			2,285			163			11,937			8,485			20,422
Loss on sale or disposal of assets	502			116			—			618			23			641
Restructuring	982			543			202			1,727			183			1,910
Interest expense	125			103			—			228			11,786			12,014
Interest income	(2		)	(23		)	—			(25		)	(41		)	(66		)
Equity in net income of unconsolidated affiliate	—			—			(5,626		)	(5,626		)	—			(5,626		)
Other expense	—			808			3			811			4			815
Segment contribution	$	78,653		$	6,210		$	5,390		$	90,253
Income from continuing operations before income taxes										$	90,253		$	(70,525	)	$	19,728

Supplemental Consolidated Financial Information and Discontinued Operations (Tables)

9 Months Ended

Jun. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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:



	June 30, 2017			June 30, 2016			September 30, 2016

	(in thousands)
Gross pawn service charges receivable	$	41,533		$	39,688		$	41,458
Allowance for uncollectible pawn service charges receivable	(10,948		)	(10,045		)	(10,396		)
Pawn service charges receivable, net	$	30,585		$	29,643		$	31,062

Gross inventory	$	141,510		$	135,807		$	146,367
Inventory reserves	(6,457		)	(5,439		)	(6,143		)
Inventory, net	$	135,053		$	130,368		$	140,224

Property and equipment, gross	$	215,823		$	210,005		$	210,309
Accumulated depreciation	(162,801		)	(148,804		)	(151,854		)
Property and equipment, net	$	53,022		$	61,201		$	58,455

Discontinued operations



	Three Months Ended June 30, 2016			Nine Months Ended June 30, 2016

	(in thousands)
Revenues	$	11,761		$	36,345
Consumer loan bad debt	(6,201		)	(26,444		)
Operations expense	(9,489		)	(100,347		)
Interest expense, net	(3,943		)	(13,255		)
Depreciation, amortization and other expenses	(4,597		)	(6,234		)
Loss from discontinued operations before income taxes of Grupo Finmart	(12,469		)	(109,935		)
Income tax benefit	2,746			11,609
Income (loss) from discontinued operations, net of tax of operations discontinued prior to the adoption of ASU 2014-08*	590			(742		)
Loss from discontinued operations, net of tax	$	(9,133	)	$	(99,068	)

Loss from discontinued operations, net of tax of Grupo Finmart	$	(9,723	)	$	(98,326	)
Loss from discontinued operations, net of tax of Grupo Finmart attributable to noncontrolling interest	540			6,140
Loss from discontinued operations, net of tax of Grupo Finmart attributable to EZCORP, Inc.	$	(9,183	)	$	(92,186	)


*	Includes revenues of $2.1 million for the three and nine months ended June 30, 2016.



Cash and cash equivalents	$	1,728
Consumer loans and non-current consumer loans, net	71,409
Consumer loan fees and interest receivable, net	11,390
Goodwill, intangible assets and property and equipment, net	10,285
Prepaid expenses, other current assets, deferred tax assets and other assets, net	62,742
Total assets classified as held for sale	$	157,554

Current maturities of long-term debt	$	80,248
Accounts payable, accrued expenses and other current liabilities	13,732
Long-term debt, less current maturities, net and other long-term liabilities	36,281
Total liabilities classified as held for sale	$	130,261

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760

+ Details

Organization and Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Accounting Policies [Abstract]
Tax benefit realized from exercise of stock options	$ 0.4	$ 0.4

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net Components of Basic and Diluted Earnings per Share
Net income from continuing operations attributable to EZCORP, Inc.	$ 5,525	$ 2,904	$ 22,316	$ 8,954
Loss from discontinued operations, net of tax	(265)	(8,593)	(1,868)	(92,929)
Net income (loss) attributable to EZCORP, Inc.	$ 5,260	$ (5,689)	$ 20,448	$ (83,975)
Weighted average outstanding shares of common stock (shares)	54,295	53,980	54,247	54,574
Dilutive effect of restricted stock (shares)	72	212	63	116
Weighted average common stock and common stock equivalents (shares)	54,367	54,192	54,310	54,690
Basic earnings (loss) per share attributable to EZCORP, Inc.:
Continuing operations (in dollars per share)	$ 0.10	$ 0.05	$ 0.41	$ 0.16
Discontinued operations (in dollars per share)	0.00	(0.16)	(0.03)	(1.70)
Basic earnings (loss) per share (in dollars per share)	0.10	(0.11)	0.38	(1.54)
Diluted earnings (loss) per share attributable to EZCORP, Inc.:
Continuing operations (in dollars per share)	0.10	0.05	0.41	0.16
Discontinued operations (in dollars per share)	0.00	(0.16)	(0.03)	(1.70)
Diluted earnings (loss) per share (in dollars per share)	$ 0.10	$ (0.11)	$ 0.38	$ (1.54)
Potential common shares excluded from the calculation of diluted earnings (loss) per share above (shares)	14,556	16,426	14,573	15,576
Restricted stock
Diluted earnings (loss) per share attributable to EZCORP, Inc.:
Potential common shares excluded from the calculation of diluted earnings (loss) per share above (shares)	2,418	2,109	2,435	1,259
Warrants
Diluted earnings (loss) per share attributable to EZCORP, Inc.:
Potential common shares excluded from the calculation of diluted earnings (loss) per share above (shares)	12,138	14,317	12,138	14,317

Strategic Investments - Additional Disclosures (Details) - Cash Converters International Limited	Jun. 30, 2017 shares
Schedule of Equity Method Investments [Line Items]
Number of common shares owned (shares)	156,552,484
Percentage of common shares owned	32.00%

Strategic Investments - Summarized Financial Information (Details) - Cash Converters International Limited - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary of financial information for Cash Converters International Limited
Current assets	$ 158,235	$ 176,105
Non-current assets	141,218	143,466
Total assets	299,453	319,571
Current liabilities	70,468	68,857
Non-current liabilities	48,181	48,263
Shareholders’ equity:
Equity attributable to owners of the parent	180,803	202,450
Noncontrolling interest	1	1
Total liabilities and shareholders’ equity	299,453	319,571
Gross revenues	108,161	110,219
Gross profit	74,343	81,139
Net profit	$ 8,633	$ 11,483

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016
Convertible Hedges and Embedded Derivative Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected volatility rate	44.00%	55.00%	53.00%
Prepaid expenses and other current assets \| Not Designated as Hedging Instrument \| Level 3 \| Foreign Currency Forwards
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guarantee asset	$ 298	$ 1,209	$ 0
Accounts payable, accrued expenses and other current liabilities \| Level 3 \| Cash Convertible Notes Warrants — Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	(523)	0	0
Accounts payable, accrued expenses and other current liabilities \| Not Designated as Hedging Instrument \| Level 3 \| Foreign Currency Forwards
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guarantee liability	(310)	(1,258)	0
Other assets, net \| Level 2 \| Cash Convertible Notes Hedges — Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	5,900	37,692	16,200
Long-term debt, net \| Level 2 \| Cash Convertible Notes Embedded Derivative — Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	$ (5,900)	$ (37,692)	$ (16,200)
Minimum \| Cash Convertible Notes Warrants — Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected volatility rate	32.00%
Maximum \| Cash Convertible Notes Warrants — Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected volatility rate	34.00%

Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016
Financial assets:
Notes receivable, net	$ 22,024	$ 41,946	$ 0
Investment in unconsolidated affiliate	41,725	37,128	56,843
Financial liabilities:
Fair value impact of a 50 basis point decrease in the calculated credit spread	1,200
Level 1
Financial assets:
Notes receivable, net	0	0
Investment in unconsolidated affiliate	37,306	37,128	49,149
Financial liabilities:
Cash Convertible Notes	0	0	0
Term Loan Facility	0	0
Level 2
Financial assets:
Notes receivable, net	0	0
Investment in unconsolidated affiliate	0	0	0
Financial liabilities:
Cash Convertible Notes	218,500	227,332	190,762
Term Loan Facility	0	0
Level 3
Financial assets:
Notes receivable, net	65,570	83,065
Investment in unconsolidated affiliate	0	0	0
Financial liabilities:
Cash Convertible Notes	0	0	0
Term Loan Facility	48,159	48,688
Carrying Value
Financial assets:
Notes receivable, net	63,277	83,065
Investment in unconsolidated affiliate	41,725	37,128	56,843
Financial liabilities:
Cash Convertible Notes	206,279	197,954	195,221
Term Loan Facility	48,235	47,965
Estimated Fair Value
Financial assets:
Notes receivable, net	65,570	83,065
Investment in unconsolidated affiliate	37,306	37,128	49,149
Financial liabilities:
Cash Convertible Notes	218,500	227,332	$ 190,762
Term Loan Facility	$ 48,159	$ 48,688
Minimum \| Discounted cash flow approach \| Notes Receivable \| Level 3
Financial liabilities:
Discount rate	8.00%
Maximum \| Discounted cash flow approach \| Notes Receivable \| Level 3
Financial liabilities:
Discount rate	15.00%
Term Loan
Financial liabilities:
Fair value impact of a 50 basis point increase in the calculated credit spread	$ 1,200
Term Loan \| Maximum \| Discounted cash flow approach \| Level 3
Financial liabilities:
Discount rate	9.00%

Fair Value Measurements - Notes Receivable (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable, related party	$ 67,100	$ 67,100
Principal collections on notes receivable	8,200	23,336	$ 0
Discount	3,800	3,800		$ 6,700
Notes receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Recorded in Consolidated Balance Sheet	63,277	63,277		83,065
Maximum Exposure to Loss	63,277	63,277		83,065
Prepaid expenses and other current assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Recorded in Consolidated Balance Sheet	298	298		1,209
Maximum Exposure to Loss	0	0		0
Accounts payable, accrued expenses and other current liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability Recorded in Consolidated Balance Sheet	(310)	(310)		(1,258)
Maximum Exposure to Loss	0	0		0
Disposal Group \| Grupo Finmart \| Accounts payable, accrued expenses and other current liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maximum Exposure to Loss	$ 6,200	$ 6,200		$ 25,300

Long-term Debt - Outstanding obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016	Jun. 30, 2014
Debt Instrument [Line Items]
Gross Amount	$ 285,900	$ 317,692	$ 246,200
Debt Discount and Issuance Costs	(25,486)	(34,081)	(34,779)
Carrying Amount	260,414	283,611	211,421
2.125% Cash convertible senior notes due 2019
Debt Instrument [Line Items]
Stated interest rate				2.125%
Recourse to EZCORP \| 2.125% Cash convertible senior notes due 2019
Debt Instrument [Line Items]
Gross Amount	230,000	230,000	230,000
Debt Discount and Issuance Costs	(23,721)	(32,046)	(34,779)
Carrying Amount	$ 206,279	$ 197,954	195,221
Stated interest rate	2.125%	2.125%
Recourse to EZCORP \| Cash convertible senior notes due 2019 embedded derivative
Debt Instrument [Line Items]
Gross Amount	$ 5,900	$ 37,692	16,200
Debt Discount and Issuance Costs	0	0	0
Carrying Amount	5,900	37,692	16,200
Line of Credit \| Senior Secured Credit Facility
Debt Instrument [Line Items]
Gross Amount	50,000	50,000	0
Debt Discount and Issuance Costs	(1,765)	(2,035)	0
Carrying Amount	$ 48,235	$ 47,965	$ 0

Long-term Debt - Principal Payments (Details) $ in Thousands	Jun. 30, 2017 USD ($)
Debt Instrument [Line Items]
Total	$ 280,000
Less Than 1 Year	0
1 - 3 Years	230,000
3 - 5 Years	0
More Than 5 Years	50,000
Recourse to EZCORP \| 2.125% Cash convertible senior notes due 2019
Debt Instrument [Line Items]
Total	230,000
Less Than 1 Year	0
1 - 3 Years	230,000
3 - 5 Years	0
More Than 5 Years	0
Line of Credit \| Senior Secured Credit Facility
Debt Instrument [Line Items]
Total	50,000
Less Than 1 Year	0
1 - 3 Years	0
3 - 5 Years	0
More Than 5 Years	$ 50,000

Long-term Debt - Domestic Line of Credit (Details) - Line of Credit	Sep. 12, 2016 USD ($)
Senior Secured Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 100,000,000
Senior Secured Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	7.50%
Floor interest rate	1.00%
Senior Secured Credit Facility \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	6.50%
Floor interest rate	3.00%
Initial Term Loan
Debt Instrument [Line Items]
Fair value of amount outstanding	$ 50,000,000
Delayed Draw Term Loans
Debt Instrument [Line Items]
Fair value of amount outstanding	$ 50,000,000
Commitment fee percentage	2.75%
Quarterly loan servicing fee	$ 15,000

Long-term Debt - Recourse to EZCORP (Details) $ / shares in Units, shares in Millions	1 Months Ended
	Jul. 31, 2017 USD ($)	Jul. 31, 2014 USD ($)	Jun. 30, 2014 USD ($) day $ / shares $ / share shares	Jun. 30, 2017 shares
2.125% Cash convertible senior notes due 2019
Debt Instrument [Line Items]
Convertible senior notes issued and settled		$ 30,000,000.0	$ 200,000,000.0
Stated interest rate			2.125%
Repurchase price, percent of principal amount			100.00%
Common Stock Class A Non-voting \| 2.125% Cash convertible senior notes due 2019
Debt Instrument [Line Items]
Conversion rate per $1000 principal amount			62.2471
Conversion price, per share (in dollars per share) \| $ / shares			$ 16.065
Trading day observation period			80 days
Threshold trading days (whether or not consecutive) \| day			20
Threshold consecutive trading days \| day			30
Threshold percentage of stock price trigger			130.00%
Early conversion condition, business day period			5 days
Measurement period			5 days
Early conversion condition, percent of product of the last reported sale price of stock and the conversion rate, less than 98%			98.00%
Cash Convertible Notes Hedges — Level 2
Debt Instrument [Line Items]
Cost of hedge			$ 46,500,000
Cost of hedge, net of total proceeds from Warrants sold			$ 21,300,000
Cash Convertible Notes Hedges — Level 2 \| Common Stock Class A Non-voting
Debt Instrument [Line Items]
Notional amount (shares) \| shares			14.3
Strike price (dollars per share) \| $ / share			16.065
Net-share-settled Warrants \| Common Stock Class A Non-voting
Debt Instrument [Line Items]
Number of securities called (shares) \| shares			14.3
Strike price for warrants (in dollars per share) \| $ / shares			$ 20.83
Net proceeds from sale of warrants			$ 25,100,000
Warrants outstanding (shares) \| shares				12.1
Subsequent Event
Debt Instrument [Line Items]
Amount of debt extinguished	$ 5,300,000
Subsequent Event \| 2.125% Cash convertible senior notes due 2019
Debt Instrument [Line Items]
Amount of debt extinguished	35,000,000
Convertible debt outstanding principal	$ 195,000,000

Stock Compensation (Details) - $ / shares	1 Months Ended	2 Months Ended	9 Months Ended
Stock Compensation (Details) - $ / shares	Dec. 31, 2016	Dec. 31, 2016	Jun. 30, 2017	Oct. 01, 2016	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (usd per share)				$ 11.06
Common Stock Class A Non-voting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares)					3,485,649
Long-Term Incentive Plan 2010 \| Common Stock Class A Non-voting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase of shares authorized for grant (shares)	500,000
Long-Term Incentive Plan 2010 \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in dollars per share)		$ 9.60
Employee \| Long-Term Incentive Plan 2010 \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (shares)		919,898
Non-employee Directors \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			2 years
Non-employee Directors \| Restricted stock \| Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vesting period			50.00%
Non-employee Directors \| Restricted stock \| Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vesting period			50.00%
Non-employee Directors \| Long-Term Incentive Plan 2010 \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (shares)		72,500

Contingencies (Details) $ in Millions	Nov. 23, 2016 USD ($)	Nov. 03, 2015 plaintiff lawsuit	Sep. 28, 2015 lawsuit	Nov. 18, 2014 lawsuit	Jul. 28, 2014 entity
Federal Securities Litigation
Loss Contingencies [Line Items]
Litigation settlement, amount awarded to other party \| $	$ 5.9
Number of lawsuits consolidated				2
In re EZCORP, Inc. Securities Litigation
Loss Contingencies [Line Items]
Number of lawsuits consolidated		2
New claims filed			2
Number of plaintiffs \| plaintiff		2
Beneficial Owner
Loss Contingencies [Line Items]
Number of entities controlled \| entity					3

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Merchandise sales	$ 97,921	$ 94,014	$ 319,672	$ 311,941
Jewelry scrapping sales	17,641	11,230	37,658	33,631
Pawn service charges	65,878	62,473	201,983	193,197
Other revenues	2,193	2,433	6,572	7,151
Total revenues	183,633	170,150	565,885	545,920
Merchandise cost of goods sold	62,615	60,140	204,840	194,731
Jewelry scrapping cost of goods sold	15,010	9,110	32,195	28,271
Other cost of revenues	453	506	1,433	1,549
Net revenues	105,555	100,394	327,417	321,369
Segment and corporate expenses (income):
Operations	74,246	73,172	226,352	221,446
Administrative	14,095	14,481	41,305	50,085
Depreciation and amortization	5,843	6,274	18,246	20,422
Loss (gain) on sale or disposal of assets	17	(41)	11	641
Restructuring	0	0	0	1,910
Interest expense	5,654	3,936	16,847	12,014
Interest income	(2,053)	(50)	(6,909)	(66)
Equity in net income of unconsolidated affiliate	(1,047)	(1,694)	(3,768)	(5,626)
Other (income) expense	(99)	500	(294)	815
Income from continuing operations before income taxes	8,899	3,816	35,627	19,728
Segments
Revenues:
Merchandise sales	97,921	94,014	319,672	311,941
Jewelry scrapping sales	17,641	11,230	37,658	33,631
Pawn service charges	65,878	62,473	201,983	193,197
Other revenues	2,193	2,433	6,572	7,151
Total revenues	183,633	170,150	565,885	545,920
Merchandise cost of goods sold	62,615	60,140	204,840	194,731
Jewelry scrapping cost of goods sold	15,010	9,110	32,195	28,271
Other cost of revenues	453	506	1,433	1,549
Net revenues	105,555	100,394	327,417	321,369
Segment and corporate expenses (income):
Operations	74,246	73,172	226,352	221,446
Administrative	0	0	0	0
Depreciation and amortization	2,873	3,664	9,541	11,937
Loss (gain) on sale or disposal of assets	17	(64)	11	618
Restructuring				1,727
Interest expense	2	25	7	228
Interest income	(480)	(24)	(889)	(25)
Equity in net income of unconsolidated affiliate	(1,047)	(1,694)	(3,768)	(5,626)
Other (income) expense	(97)	759	(103)	811
Income from continuing operations before income taxes	30,041	24,556	96,266	90,253
Segments \| U.S. Pawn
Revenues:
Merchandise sales	82,714	79,826	273,125	266,560
Jewelry scrapping sales	17,257	10,918	35,158	32,117
Pawn service charges	56,774	54,395	177,480	169,630
Other revenues	50	39	157	281
Total revenues	156,795	145,178	485,920	468,588
Merchandise cost of goods sold	52,488	50,586	173,235	164,288
Jewelry scrapping cost of goods sold	14,674	8,845	30,114	27,033
Other cost of revenues	0	0	0	0
Net revenues	89,633	85,747	282,571	277,267
Segment and corporate expenses (income):
Operations	63,593	62,733	194,499	187,518
Administrative	0	0	0	0
Depreciation and amortization	2,210	2,888	7,487	9,489
Loss (gain) on sale or disposal of assets	20	(51)	(54)	502
Restructuring				982
Interest expense	0	0	0	125
Interest income	0	(1)	0	(2)
Equity in net income of unconsolidated affiliate	0	0	0	0
Other (income) expense	(5)	0	(14)	0
Income from continuing operations before income taxes	23,815	20,178	80,653	78,653
Segments \| Mexico Pawn
Revenues:
Merchandise sales	15,207	14,187	46,547	45,376
Jewelry scrapping sales	384	312	2,500	1,493
Pawn service charges	9,104	8,078	24,503	23,567
Other revenues	179	157	457	231
Total revenues	24,874	22,734	74,007	70,667
Merchandise cost of goods sold	10,127	9,554	31,605	30,442
Jewelry scrapping cost of goods sold	336	265	2,081	1,222
Other cost of revenues	0	0	0	0
Net revenues	14,411	12,915	40,321	39,003
Segment and corporate expenses (income):
Operations	8,898	8,744	26,439	28,961
Administrative	0	0	0	0
Depreciation and amortization	619	720	1,910	2,285
Loss (gain) on sale or disposal of assets	(3)	(13)	65	116
Restructuring				543
Interest expense	2	25	7	103
Interest income	(480)	(23)	(889)	(23)
Equity in net income of unconsolidated affiliate	0	0	0	0
Other (income) expense	(24)	759	(61)	808
Income from continuing operations before income taxes	5,399	2,703	12,850	6,210
Segments \| Other International
Revenues:
Merchandise sales	0	1	0	5
Jewelry scrapping sales	0	0	0	21
Pawn service charges	0	0	0	0
Other revenues	1,964	2,237	5,958	6,639
Total revenues	1,964	2,238	5,958	6,665
Merchandise cost of goods sold	0	0	0	1
Jewelry scrapping cost of goods sold	0	0	0	16
Other cost of revenues	453	506	1,433	1,549
Net revenues	1,511	1,732	4,525	5,099
Segment and corporate expenses (income):
Operations	1,755	1,695	5,414	4,967
Administrative	0	0	0	0
Depreciation and amortization	44	56	144	163
Loss (gain) on sale or disposal of assets	0	0	0	0
Restructuring				202
Interest expense	0	0	0	0
Interest income	0	0	0	0
Equity in net income of unconsolidated affiliate	(1,047)	(1,694)	(3,768)	(5,626)
Other (income) expense	(68)	0	(28)	3
Income from continuing operations before income taxes	827	1,675	2,763	5,390
Corporate, Non-Segment
Revenues:
Merchandise sales	0	0	0	0
Jewelry scrapping sales	0	0	0	0
Pawn service charges	0	0	0	0
Other revenues	0	0	0	0
Total revenues	0	0	0	0
Merchandise cost of goods sold	0	0	0	0
Jewelry scrapping cost of goods sold	0	0	0	0
Other cost of revenues	0	0	0	0
Net revenues	0	0	0	0
Segment and corporate expenses (income):
Operations	0	0	0	0
Administrative	14,095	14,481	41,305	50,085
Depreciation and amortization	2,970	2,610	8,705	8,485
Loss (gain) on sale or disposal of assets	0	23	0	23
Restructuring				183
Interest expense	5,652	3,911	16,840	11,786
Interest income	(1,573)	(26)	(6,020)	(41)
Equity in net income of unconsolidated affiliate	0	0	0	0
Other (income) expense	(2)	(259)	(191)	4
Income from continuing operations before income taxes	$ (21,142)	$ (20,740)	$ (60,639)	$ (70,525)

Supplemental Consolidated Financial Information and Discontinued Operations - Supplemental Information (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016
Pawn service charges receivable, net:
Gross pawn service charges receivable	$ 41,533	$ 41,458	$ 39,688
Allowance for uncollectible pawn service charges receivable	(10,948)	(10,396)	(10,045)
Pawn service charges receivable, net	30,585	31,062	29,643
Inventory, net:
Gross inventory	141,510	146,367	135,807
Inventory reserves	(6,457)	(6,143)	(5,439)
Inventory, net	135,053	140,224	130,368
Property and equipment, net:
Property and equipment, gross	215,823	210,309	210,005
Accumulated depreciation	(162,801)	(151,854)	(148,804)
Total	$ 53,022	$ 58,455	$ 61,201

Supplemental Consolidated Financial Information and Discontinued Operations - Results of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of tax	$ (265)	$ (9,133)	$ (1,868)	$ (99,068)
Net loss from discontinued operations attributable to EZCORP, Inc.	$ (265)	(8,593)	$ (1,868)	(92,929)
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] \| Grupo Finmart
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues		11,761		36,345
Consumer loan bad debt		(6,201)		(26,444)
Operations expense		(9,489)		(100,347)
Interest expense, net		(3,943)		(13,255)
Depreciation, amortization and other expenses		(4,597)		(6,234)
Loss from discontinued operations before income taxes of Grupo Finmart		(12,469)		(109,935)
Income tax benefit		2,746		11,609
Loss from discontinued operations, net of tax of operations discontinued prior to the adoption of ASU 2014-08		590		(742)
Loss from discontinued operations, net of tax		(9,133)		(99,068)
Loss from discontinued operations, net of tax of Grupo Finmart		(9,723)		(98,326)
Loss from discontinued operations, net of tax of Grupo Finmart attributable to noncontrolling interest		540		6,140
Net loss from discontinued operations attributable to EZCORP, Inc.		(9,183)		(92,186)
Cash provided by (used in) operating activities, discontinued operations		2,300		9,400
Cash provided by (used in) investing activities, discontinued operations		4,400		4,600
Accounting Standards Update 2014-08 \| Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] \| Grupo Finmart
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues		$ 2,100		$ 2,100

Supplemental Consolidated Financial Information and Discontinued Operations - Balance Sheet of Disposal Group (Details) - Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member] - Grupo Finmart $ in Thousands	Jun. 30, 2016 USD ($)
Assets [Abstract]
Cash and cash equivalents	$ 1,728
Consumer loans and non-current consumer loans, net	71,409
Consumer loan fees and interest receivable, net	11,390
Goodwill, intangible assets and property and equipment, net	10,285
Prepaid expenses and other current assets	62,742
Total assets classified as held for sale	157,554
Liabilities [Abstract]
Current maturities of long-term debt	80,248
Accounts payable, accrued expenses and other current liabilities	13,732
Long-term debt, less current maturities, net and other long-term liabilities	36,281
Total liabilities classified as held for sale	$ 130,261

Subsequent Events (Details)	1 Months Ended		3 Months Ended	9 Months Ended
Subsequent Events (Details)	Jul. 31, 2017 USD ($) day $ / shares	Jun. 30, 2014 day $ / shares	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)
Subsequent Event [Line Items]
Aggregate principal amount				$ 280,000,000
Proceeds from settlement of forward currency contracts				0	$ 3,557,000
Subsequent Event
Subsequent Event [Line Items]
Amount of debt extinguished	$ 5,300,000
Proceeds from repayment of notes receivable	6,200,000
2.875% Convertible Senior Notes, Due 2024 \| Senior Notes \| Subsequent Event
Subsequent Event [Line Items]
Aggregate principal amount	$ 143,750,000.00
Stated interest rate	2.875%
2.125% Cash convertible senior notes due 2019
Subsequent Event [Line Items]
Stated interest rate		2.125%
Repurchase price, percent of principal amount		100.00%
2.125% Cash convertible senior notes due 2019 \| Subsequent Event
Subsequent Event [Line Items]
Repayments of secured debt	$ 34,400,000
Amount of debt extinguished	$ 35,000,000
Common Stock Class A \| 2.875% Convertible Senior Notes, Due 2024 \| Senior Notes \| Subsequent Event
Subsequent Event [Line Items]
Conversion rate per $1000 principal amount	100
Conversion price, per share (in dollars per share) \| $ / shares	$ 10
Common Stock Class A \| 2.875% Convertible Senior Notes, Due 2024 \| Senior Notes \| Company Option \| Subsequent Event
Subsequent Event [Line Items]
Threshold percentage of stock price trigger	130.00%
Threshold trading days (whether or not consecutive) \| day	20
Threshold consecutive trading days \| day	30
Repurchase price, percent of principal amount	100.00%
Common Stock Class A \| 2.875% Convertible Senior Notes, Due 2024 \| Senior Notes \| Holder Option \| Subsequent Event
Subsequent Event [Line Items]
Threshold percentage of stock price trigger	130.00%
Threshold trading days (whether or not consecutive) \| day	20
Threshold consecutive trading days \| day	30
Early conversion condition, business day period	5 days
Measurement period	5 days
Early conversion condition, percent of product of the last reported sale price of stock and the conversion rate, less than 98%	98.00%
Common Stock Class A \| 2.125% Cash convertible senior notes due 2019
Subsequent Event [Line Items]
Conversion rate per $1000 principal amount		62.2471
Conversion price, per share (in dollars per share) \| $ / shares		$ 16.065
Threshold percentage of stock price trigger		130.00%
Threshold trading days (whether or not consecutive) \| day		20
Threshold consecutive trading days \| day		30
Early conversion condition, business day period		5 days
Measurement period		5 days
Early conversion condition, percent of product of the last reported sale price of stock and the conversion rate, less than 98%		98.00%
Line of Credit \| Senior Secured Credit Facility
Subsequent Event [Line Items]
Aggregate principal amount				$ 50,000,000
Line of Credit \| Senior Secured Credit Facility \| Subsequent Event
Subsequent Event [Line Items]
Repayments of secured debt	$ 51,600,000
Cash Convertible Notes Hedges \| Subsequent Event
Subsequent Event [Line Items]
Proceeds from settlement of forward currency contracts	600,000
Cash Convertible Notes Warrants \| Subsequent Event
Subsequent Event [Line Items]
Payments for early repayment of derivative instrument	500,000
Amount of derivative settled	$ 2,200,000
Forecast
Subsequent Event [Line Items]
Debt extinguishment costs			$ 5,000,000
Net proceeds from debt issuance			$ 54,000,000