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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Dec. 31, 2017	Jan. 25, 2018
Document Information [Line Items]
Entity Registrant Name	EZCORP INC
Entity Central Index Key	0000876523
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock Class A Non-voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (shares)		51,494,246
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	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 113,584	$ 164,393	$ 63,707
Pawn loans	177,001	169,242	162,696
Pawn service charges receivable, net	34,054	31,548	30,967
Inventory, net	163,310	154,411	143,440
Notes receivable, net	36,682	32,598	36,180
Prepaid expenses and other current assets	26,516	28,765	36,242
Total current assets	551,147	580,957	473,232
Investment in unconsolidated affiliate	45,605	43,319	39,875
Property and equipment, net	62,098	57,959	54,881
Goodwill	288,773	254,760	253,585
Intangible assets, net	43,974	32,420	31,708
Non-current notes receivable, net	23,343	28,377	39,365
Deferred tax asset, net	10,997	16,856	34,667
Other assets, net	16,625	9,715	37,187
Total assets	1,042,562	1,024,363	964,500
Current liabilities:
Accounts payable, accrued expenses and other current liabilities	60,207	61,543	68,694
Customer layaway deposits	10,686	11,032	9,729
Total current liabilities	70,893	72,575	78,423
Long-term debt, net	294,761	284,807	278,936
Other long-term liabilities	8,845	7,055	8,259
Total liabilities	374,499	364,437	365,618
Commitments and contingencies (Note 8)
Stockholders’ equity:
Additional paid-in capital	351,110	348,532	319,825
Retained earnings	364,414	351,666	326,973
Accumulated other comprehensive loss	(44,902)	(38,367)	(47,577)
EZCORP, Inc. stockholders’ equity	671,167	662,375	599,764
Noncontrolling interest	(3,104)	(2,449)	(882)
Total equity	668,063	659,926	598,882
Total liabilities and equity	1,042,562	1,024,363	964,500
Common Stock Class A Non-voting
Stockholders’ equity:
Common stock	515	514	513
Common Stock Class B Voting
Stockholders’ equity:
Common stock	$ 30	$ 30	$ 30

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 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)	51,494,246	51,427,832	51,306,608
Common stock, shares outstanding (shares)	51,494,246	51,427,832	51,306,608
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
	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Merchandise sales	$ 113,588	$ 111,513
Jewelry scrapping sales	12,213	9,798
Pawn service charges	76,360	69,013
Other revenues	2,347	2,300
Total revenues	204,508	192,624
Merchandise cost of goods sold	71,167	71,732
Jewelry scrapping cost of goods sold	10,337	8,344
Other cost of revenues	577	583
Net revenues	122,427	111,965
Operating expenses:
Operations	83,610	77,646
Administrative	13,318	13,927
Depreciation and amortization	5,723	6,373
Loss (gain) on sale or disposal of assets	39	(77)
Total operating expenses	102,690	97,869
Operating income	19,737	14,096
Interest expense	5,847	5,565
Interest income	(4,270)	(2,616)
Equity in net income of unconsolidated affiliate	(1,450)	(1,478)
Other income	(182)	(423)
Income from continuing operations before income taxes	19,792	13,048
Income tax expense	7,437	4,782
Income from continuing operations, net of tax	12,355	8,266
Loss from discontinued operations, net of tax	(222)	(1,228)
Net income	12,133	7,038
Net loss attributable to noncontrolling interest	(615)	(127)
Net income attributable to EZCORP, Inc.	$ 12,748	$ 7,165
Basic earnings per share attributable to EZCORP, Inc. — continuing operations (usd per share)	$ 0.24	$ 0.15
Diluted earnings per share attributable to EZCORP, Inc. — continuing operations (usd per share)	$ 0.23	$ 0.15
Weighted-average basic shares outstanding (shares)	54,464	54,158
Weighted-average diluted shares outstanding (shares)	55,682	54,214

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 12,133	$ 7,038
Other comprehensive loss:
Foreign currency translation loss, net of income tax expense for our investment in unconsolidated affiliate of $205 and $444 for the three months ended December 31, 2017 and 2016, respectively	(6,575)	(3,465)
Other comprehensive loss, net of tax	(6,575)	(3,465)
Comprehensive income	5,558	3,573
Comprehensive loss attributable to noncontrolling interest	(655)	(104)
Comprehensive income attributable to EZCORP, Inc.	$ 6,213	$ 3,677

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax	$ 205	$ 444

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	Noncontrolling Interest
Beginning Balance at Sep. 30, 2016	$ 594,205	$ 541	$ 318,723	$ 319,808	$ (44,089)	$ (778)
Beginning balance (shares) at Sep. 30, 2016		54,099
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	1,808		1,808
Release of restricted stock	2	$ 2
Release of restricted stock (shares)		178
Taxes paid related to net share settlement of equity awards	(706)		(706)
Foreign currency translation adjustment	(3,465)				(3,488)	23
Net income (loss)	7,038			7,165		(127)
Ending Balance at Dec. 31, 2016	598,882	$ 543	319,825	326,973	(47,577)	(882)
Ending balance (shares) at Dec. 31, 2016		54,277
Beginning Balance at Sep. 30, 2017	659,926	$ 544	348,532	351,666	(38,367)	(2,449)
Beginning balance (shares) at Sep. 30, 2017		54,398
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	2,889		2,889
Release of restricted stock	1	$ 1
Release of restricted stock (shares)		66
Taxes paid related to net share settlement of equity awards	(311)		(311)
Foreign currency translation adjustment	(6,575)				(6,535)	(40)
Net income (loss)	12,133			12,748		(615)
Ending Balance at Dec. 31, 2017	$ 668,063	$ 545	$ 351,110	$ 364,414	$ (44,902)	$ (3,104)
Ending balance (shares) at Dec. 31, 2017		54,464

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating activities:
Net income	$ 12,133	$ 7,038
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	5,723	6,373
Amortization of debt discount and deferred financing costs	3,682	2,826
Accretion of notes receivable discount and deferred compensation fee	(2,577)	(1,029)
Deferred income taxes	3,129	750
Other adjustments	601	801
Stock compensation expense	2,919	1,808
Income from investment in unconsolidated affiliate	(1,450)	(1,478)
Changes in operating assets and liabilities, net of business acquisitions:
Service charges and fees receivable	(50)	(83)
Inventory	(1,087)	(615)
Prepaid expenses, other current assets and other assets	(2,384)	(3,856)
Accounts payable, accrued expenses and other liabilities	(5,283)	(21,948)
Customer layaway deposits	(283)	(881)
Income taxes, net of excess tax benefit from stock compensation	2,295	5,004
Net cash provided by (used in) operating activities	17,368	(5,290)
Investing activities:
Loans made	(169,666)	(156,457)
Loans repaid	103,041	91,283
Recovery of pawn loan principal through sale of forfeited collateral	67,144	64,430
Additions to property and equipment	(7,917)	(2,326)
Acquisitions, net of cash acquired	(62,163)	0
Principal collections on notes receivable	2,849	7,831
Net cash (used in) provided by investing activities	(66,712)	4,761
Financing activities:
Taxes paid related to net share settlement of equity awards	(311)	(706)
Net cash used in financing activities	(311)	(706)
Effect of exchange rate changes on cash and cash equivalents	(1,154)	(795)
Net decrease in cash and cash equivalents	(50,809)	(2,030)
Cash and cash equivalents at beginning of period	164,393	65,737
Cash and cash equivalents at end of period	113,584	63,707
Non-cash investing and financing activities:
Pawn loans forfeited and transferred to inventory	72,649	68,071
Dividend reinvestment acquisition of additional ownership in unconsolidated affiliate	0	1,153
Deferred and contingent consideration	$ 1,920	$ 0

Organization and Summary of Significant Accounting Policies

3 Months Ended

Dec. 31, 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 Latin America. 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 which are of a normal, recurring nature. 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, 2017. The balance sheet as of September 30, 2017 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 months ended December 31, 2017 and 2016 (the "current quarter" or "current three months" and "prior-year quarter," 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, 2017.

Reclassifications to Prior Period Financial Statements

Certain reclassifications of prior period amounts have been made. These reclassifications 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.

Income Taxes

On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the "Act") was signed into law. Among other things, the Act reduces the U.S. federal corporate tax rate from 35% to 21%, requires companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred and creates new taxes on certain foreign sourced earnings. The corporate tax rate reduction is effective as of January 1, 2018 and, accordingly, will reduce our current fiscal year federal statutory rate to a blended rate of 24.5%, and then to 21% beginning in fiscal 2019. As of December 31, 2017, we have not completed our accounting for the tax effects of enactment of the Act; however, as described below, we have made a reasonable estimate of the effects on our existing deferred tax balances and the one-time transition tax. We recognized a provisional amount of $2.8 million, as discussed below, for the revaluation of our deferred tax assets and liabilities upon enactment of the Act, which is included as a component of "Income tax expense" in our condensed consolidated statements of operations.

Provisional amounts

•

Deferred tax assets and liabilities: We remeasured certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally either 24.5% or 21%, depending on whether they are expected to reverse in fiscal 2018 or in future fiscal years. We also recorded a valuation allowance against certain foreign tax credit carryforwards which management does not believe will be realized based on changes in the taxation of dividends of foreign subsidiaries in the Act. However, we are still analyzing certain aspects of the Act and refining our calculations, which could affect the measurement of these balances or give rise to new deferred tax amounts. The provisional amount recorded related to the remeasurement of our deferred tax balances was $2.8 million.

•

Foreign tax effects: The one-time transition tax is based on our total post-1986 earnings and profits ("E&P") for which we have previously deferred U.S. income taxes. We have estimated that we will not owe any transition tax as we have foreign tax credits sufficient to cover the tax that we estimate will be due on the deferred earnings of our foreign subsidiaries. We have not yet completed our calculation of the total post-1986 foreign E&P for these foreign subsidiaries. Further, the transition tax is based in part on the amount of those earnings held in cash and other specified assets. This amount may change when we finalize the calculation of post-1986 foreign E&P previously deferred from U.S. federal taxation and finalize the amounts held in cash or other specified assets. No additional income taxes have been provided for any remaining undistributed foreign earnings not subject to the transition tax and any additional outside basis difference inherent in these entities as these amounts continue to be indefinitely reinvested in foreign operations.

Recently Issued Accounting Pronouncements and Significant Accounting Policies

•

In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This ASU requires financial assets (or groups of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected, among other provisions. The provisions of this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A reporting entity should generally apply the amendment on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting periods in which the amendment is effective. 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, 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 2021.

•

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. 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, and 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 will complete our implementation 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, cash flows and disclosure requirements. 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 charges 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, 2017 for discussion of our significant accounting policies and other accounting pronouncements issued but not yet adopted.

Acquisitions

3 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

ACQUISITIONS

NOTE 2: ACQUISITIONS

On October 6, 2017, we completed the acquisition of 100% of the outstanding stock of Camira Administration Corp. and subsidiaries (“GPMX”), a business that owns and operates 112 stores located in Guatemala, El Salvador, Honduras and Peru. The GPMX acquisition significantly expands our store base into Latin American countries outside of Mexico and provides us with a platform for further growth in the region. Under the terms of the stock purchase agreement ("SPA"), we paid $53.4 million in cash upon closing and, subsequent to the closing, paid $6.7 million to satisfy the acquired company's indebtedness to members of the seller’s affiliated group. The SPA specified a further $2.25 million to be paid contingent upon performance of GPMX’s business during a period up to 24 months following the closing date, and the business achieved the specified performance goal during the first quarter of fiscal 2018. Consequently, we made a final payment of $1.6 million in January 2018 in satisfaction of the contingent purchase price obligation, after reduction for certain adjustments under the SPA, yielding a total purchase price of $61.7 million.

On December 4, 2017, we acquired 21 pawn stores located in the Mexican state of Sinaloa and operating under the name "Bazareño," further expanding our geographic footprint within Mexico. The Bazareño stores make up the largest chain of pawn stores in Culiacan, the capital city of Sinaloa, giving EZCORP the number one position in that market with more than double the store count of the nearest competitor and an important strategic presence in the northwest region of Mexico. The majority of the purchase price was paid in cash, subject to finalization of deferred amounts.

With the completion of the GPMX acquisition, we have combined the results of that business with the results of our Mexico pawn business, and that reporting segment is now referred to as "Latin America Pawn." See Note 9, Segment Information, below. The acquisitions described above were both attributable to our Latin America Pawn segment and have been aggregated below. The allocation of the consideration for the net acquired assets from these business combinations was as follows, in thousands:



Cash and cash equivalents	$	2,560
Earning assets	19,594
Other assets	4,005
Property and equipment, intangible assets and other assets, net*	13,153
Goodwill	34,678
Accounts payable, deferred taxes and other liabilities	(7,349		)
Total consideration	$	66,641


*	Intangible assets consist primarily of $11.1 million in trade names acquired with indefinite useful lives.

The factors contributing to the recognition of goodwill, which is recorded in our Latin America Pawn segment, were based on several strategic and synergistic benefits we expect to realize from the acquisition, including expansion of our store base as well as the ability to further leverage our pawn expertise, investments in information technology and other back office and support functions of our existing Mexico pawn business. We expect none of the goodwill resulting from these business combinations will be deductible for tax purposes.

The results of GPMX have been included in our condensed consolidated financial statements from October 7, 2017 through December 31, 2017, and the results of the Bazareño stores have been included in our condensed consolidated financial statements from December 5, 2017 through December 31, 2017, both in our Latin America Pawn segment. Pro forma results of operations have not been presented because it is impracticable to do so due to a variety of limitations, including a lack of readily available historical GAAP basis financial statements.

We incurred $0.4 million in acquisition-related costs during the current quarter, which were expensed as incurred and included under “Administrative” expense in our condensed consolidated statements of operations.

Earnings per Share

3 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 3: EARNINGS PER SHARE

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



	Three Months Ended December 31,
	2017			2016

	(in thousands, except per share amounts)
Net income from continuing operations attributable to EZCORP (A)	$	12,970		$	8,393
Loss from discontinued operations, net of tax (B)	(222		)	(1,228		)
Net income attributable to EZCORP (C)	$	12,748		$	7,165

Weighted-average outstanding shares of common stock (D)	54,464			54,158
Dilutive effect of restricted stock*	1,218			56
Weighted-average common stock and common stock equivalents (E)	55,682			54,214

Basic earnings per share attributable to EZCORP:
Continuing operations (A / D)	$	0.24		$	0.15
Discontinued operations (B / D)	—			(0.02		)
Basic earnings per share (C / D)	$	0.24		$	0.13

Diluted earnings per share attributable to EZCORP:
Continuing operations (A / E)	$	0.23		$	0.15
Discontinued operations (B / E)	—			(0.02		)
Diluted earnings per share (C / E)	$	0.23		$	0.13

Potential common shares excluded from the calculation of diluted earnings per share above, exclusive of the additional potential impact of the 2024 Convertible Notes:
Restricted stock**	2,991			2,288
2019 Convertible Notes Warrants***	12,138			14,317
Total potential common shares excluded	15,129			16,605


*	Includes the dilutive impact of share-based awards as well as the 2024 Convertible Notes, the terms and conditions of which are discussed in Note 6.


**	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 6 for discussion of the terms and conditions of these potential common shares.

Strategic Investments

3 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

STRATEGIC INVESTMENTS

NOTE 4: STRATEGIC INVESTMENTS

As of December 31, 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 December 31, 2017 after translation to U.S. dollars:



	June 30,
	2017		2016

	(in thousands)
Current assets	$	155,749	$	173,830
Non-current assets	150,843		141,028
Total assets	$	306,592	$	314,858

Current liabilities	$	57,387	$	83,275
Non-current liabilities	48,698		51,873
Shareholders’ equity	200,507		179,710
Total liabilities and shareholders’ equity	$	306,592	$	314,858



	Fiscal Year Ended June 30,
	2017		2016

	(in thousands)
Gross revenues	$	204,684	$	225,712
Gross profit	130,943		146,286
Net profit (loss)	15,546		(3,839		)

During the current quarter, the fair value of our investment in Cash Converters International declined below its carrying value. We considered the guidance in FASB 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 carrying value 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. See Note 5 for the fair value and carrying value of our investment in Cash Converters International.

Fair Value Measurements

3 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 5: FAIR VALUE MEASUREMENTS

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:



Financial Assets (Liabilities)	Balance Sheet Location	December 31, 2017			December 31, 2016			September 30, 2017

		(in thousands)
2019 Convertible Notes Hedges — Level 2	Other assets, net	$	12,863		$	29,800		$	6,591
2019 Convertible Notes Embedded Derivative — Level 2	Long-term debt, net	(12,863		)	(29,800		)	(6,591		)
Deferred and contingent consideration	Accounts payable, accrued expenses and other current liabilities	(1,920		)	—			—

We measured the fair value of the 2019 Convertible Notes Hedges and the 2019 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. The volatility input used as of December 31, 2017 was 36% based on observed market inputs. See Note 2 for discussion of the contingent consideration.

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

Financial Assets and Liabilities Not Measured at Fair Value

The tables below present our financial assets and liabilities that were not measured at fair value on a recurring basis:



	Carrying Value		Estimated Fair Value
	December 31, 2017		December 31, 2017		Fair Value Measurement Using
	December 31, 2017		December 31, 2017		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable, net	$	60,025	$	68,720	$	—	$	—	$	68,720
Investment in unconsolidated affiliate	45,605		42,777		42,777		—		—

Financial liabilities:
2019 Convertible Notes	$	179,835	$	201,084	$	—	$	201,084	$	—
2024 Convertible Notes	102,063		201,250		—		201,250		—



	Carrying Value		Estimated Fair Value
	December 31, 2016		December 31, 2016		Fair Value Measurement Using
	December 31, 2016		December 31, 2016		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable, net	$	75,545	$	76,012	$	—	$	—	$	76,012
Investment in unconsolidated affiliate	39,875		38,360		38,360		—		—

Financial liabilities:
2019 Convertible Notes	$	200,728	$	221,950	$	—	$	221,950	$	—
Term Loan Facility	48,408		49,160		—		—		49,160



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

	(in thousands)
Financial assets:
Notes receivable, net	$	60,975	$	74,262	$	—	$	—	$	74,262
Investment in unconsolidated affiliate	43,319		49,057		49,057		—		—

Financial liabilities:
2019 Convertible Notes	$	177,346	$	193,811	$	—	$	193,811	$	—
2024 Convertible Notes	100,870		175,016		—		175,016		—

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 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 consumer loans, fees and interest receivable could significantly increase or decrease these fair value estimates.

Subsequent to the sale of Prestaciones Finmart, S.A.P.I. de C.V., SOFOM, E.N.R. ("Grupo Finmart") to Alpha Holding, S.A. de C.V. (“AlphaCredit”) in September 2016, we determined that we retained a variable interest in Grupo Finmart including notes receivable. 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. We measured the fair value of the notes receivable as of December 31, 2017 under a discounted cash flow approach considering the estimated credit ratings for Grupo Finmart and AlphaCredit and as determined with external consultation, with discount rates ranging from 10% to 16%. Certain of the significant inputs used for the valuation were not observable in the market. Included in the fair value of the notes receivable is the estimated fair value of the deferred compensation fee negotiated in September 2017, of which the ultimate amount to be received is dependent upon the timing of payment of the notes receivable. 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 2019 Convertible Notes and the 2024 Convertible Notes using quoted price inputs from Bloomberg. Neither the 2019 Convertible Notes nor the 2014 Convertible Notes are actively traded, and thus the price inputs represent a Level 2 measurement. 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.

- 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

3 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

LONG-TERM DEBT

NOTE 6: LONG-TERM DEBT

The following tables present our long-term debt instruments outstanding as well as future principal payments due:



	December 31, 2017							December 31, 2016							September 30, 2017
	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	$	195,000	$	(15,165	)	$	179,835	$	230,000	$	(29,272	)	$	200,728	$	195,000	$	(17,654	)	$	177,346
Cash Convertible Senior Notes Due 2019 Embedded Derivative	12,863		—			12,863		29,800		—			29,800		6,591		—			6,591
2.875% Convertible Senior Notes Due 2024	143,750		(41,687		)	102,063				—			—		143,750		(42,880		)	100,870
Term Loan Facility	—		—			—		50,000		(1,592		)	48,408		—		—			—
	$	351,613	$	(56,852	)	$	294,761	$	309,800	$	(30,864	)	$	278,936	$	345,341	$	(60,534	)	$	284,807



	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*	$	195,000	$	—	$	195,000	$	—	$	—
2.875% Convertible Senior Notes Due 2024*	143,750		—		—		—		143,750
	$	338,750	$	—	$	195,000	$	—	$	143,750


*	Excludes the potential impact of the embedded derivative.

2.875% Convertible Senior Notes Due 2024

In July 2017, we issued $143.75 million aggregate principal amount of 2.875% Convertible Senior Notes Due 2024 (the “2024 Convertible Notes”). All of the 2024 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 2024 Convertible Notes were issued in a private offering under Rule 144A under the Securities Act of 1933. The 2024 Convertible Notes pay interest semi-annually in arrears at a rate of 2.875% per annum on January 1 and July 1 of each year, commencing January 1, 2018, and mature on July 1, 2024 (the "2024 Maturity Date"), unless converted, redeemed or repurchased in accordance with their terms prior to such date.

The 2024 Convertible Notes are convertible into cash or shares of Class A Non-Voting Common Stock ("Class A Common Stock"), or any combination thereof, at our option subject to satisfaction of certain conditions and during the periods described in the 2017 Indenture, based on an initial conversion rate of 100 shares of Class A Common Stock per $1,000 principal amount of 2024 Convertible Notes (equivalent to an initial conversion price of $10.00 per share of our Class A Common Stock). We account for the Class A Common Stock issuable upon conversion under the treasury stock method. To the extent our average share price is over $10.00 per share for any fiscal quarter, we are required to recognize incremental dilution of our earnings per share.

2.125% Cash Convertible Senior Notes Due 2019

In June 2014, we issued $200 million aggregate principal amount of 2.125% Cash Convertible Senior Notes Due 2019 (the "2019 Convertible Notes"), with an additional $30 million principal amount of 2019 Convertible Notes issued in July 2014. In July 2017, we used $34.4 million of net proceeds from the 2024 Convertible Notes offering to repurchase and retire $35.0 million aggregate principal amount of 2019 Convertible Notes. All of the 2019 Convertible Notes were issued pursuant to an indenture dated June 23, 2014 (the "2014 Indenture") by and between us and Wells Fargo Bank, National Association, as the trustee. The 2019 Convertible Notes were issued in a private offering and resold under Rule 144A under the Securities Act of 1933. The 2019 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 "2019 Maturity Date"), unless converted, redeemed or repurchased in accordance with their terms prior to such date.

The 2019 Convertible Notes are convertible into cash, subject to satisfaction of certain conditions and during the periods described in the 2014 Indenture, based on an initial conversion rate of 62.2471 shares of Class A Common Stock per $1,000 principal amount of 2019 Convertible Notes (equivalent to an initial conversion price of approximately $16.065 per share of our Class A Common Stock).

2019 Convertible Notes Hedges

In connection with the issuance of the 2019 Convertible Notes, we purchased cash-settled call options (the “2019 Convertible Notes Hedges”) in privately negotiated transactions with certain of the initial purchasers or their affiliates (in this capacity, the “Option Counterparties”). The 2019 Convertible Notes Hedges provide us with the option to acquire, on a net settlement basis, approximately 12.1 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 2019 Convertible Notes and corresponds to the conversion price of the 2019 Convertible Notes. If we exercise the 2019 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 2019 Convertible Notes, less the principal amount thereof.

2019 Convertible Notes Warrants

In connection with the issuance of the 2019 Convertible Notes, we also sold net-share-settled warrants (the “2019 Convertible Notes Warrants”) in privately negotiated transactions with the Option Counterparties. The 2019 Convertible Notes Warrants allow for the purchase of up to approximately 12.1 million shares of our Class A Common Stock at a strike price of $20.83 per share. We account for the Class A Common Stock issuable upon exercise under the treasury stock method. As a result of the 2019 Convertible Notes Warrants and related transactions, we are required to recognize incremental dilution of our earnings per share to the extent our average share price is over $20.83 for any fiscal quarter. The 2019 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.

Stock Compensation	3 Months Ended
Stock Compensation	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK COMPENSATION	NOTE 7: 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, 2017, the 2010 Plan permitted grants of options, restricted stock awards and stock appreciation rights covering up to 3,985,649 shares of our Class A Common Stock. In December 2017, the Board of Directors and the voting stockholder approved the addition of 1,100,000 shares to the 2010 Plan. In December 2017, we granted 1,308,533 restricted stock unit awards to employees and 84,250 restricted stock awards to non-employee directors with a grant date fair value of primarily $9.75 per share. Our long-term incentive awards are generally granted based on our share price as of October 1 each year, which was $9.50 for these fiscal 2018 awards. For the awards granted to employees, 190,725 vest on September 30, 2018 and 1,117,808 vest on September 30, 2020, subject to the achievement of certain earnings before interest, taxes, depreciation and amortization ("EBITDA") performance targets. As of December 31, 2017, we considered the achievement of these performance targets probable. The awards granted to non-employee directors vest on September 30, 2018 and are subject only to service conditions.

Contingencies

3 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

CONTINGENCIES

NOTE 8: 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 December 31, 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.

On August 23, 2017, the parties agreed to a mediated settlement of all remaining claims and entered into a Memorandum of Understanding regarding that settlement. Under the terms of the proposed settlement, a settlement payment of $6.5 million, less attorney fees awarded to the plaintiff’s counsel and administrative costs of settlement, will be paid to the Company. Of such amount, $5.5 million will be funded by the Company’s insurance carriers and $1.0 million will be funded by Madison Park LLC. After the completion of confirmatory discovery, the parties prepared and agreed to a Stipulation and Agreement of Settlement, Compromise and Release and other settlement papers, which were filed with the Court on January 11, 2018. A settlement fairness hearing, at which the Court will consider the fairness and adequacy of the parties’ proposed settlement, has been scheduled for April 3, 2018. The proposed settlement will not be final until approved by the Court.

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

3 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 9: SEGMENT INFORMATION

Following the acquisition of GPMX during the first quarter of fiscal 2018 (see Note 2), we have retitled our Mexico Pawn segment to "Latin America Pawn" and have combined the results of GPMX with the results of our Mexico pawn business, as we expect the financial performance and economic characteristics of those businesses to be similar over the long-term. Segment information is prepared on the same basis that our chief operating decision maker reviews financial information for operational decision-making purposes. As a result, we currently report our segments as follows: U.S. Pawn — all pawn activities in the United States; Latin America Pawn — all pawn activities in Mexico and other parts of Latin America; and Other 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 consolidated financial statements.



	Three Months Ended December 31, 2017
	U.S. Pawn			Latin America Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	91,494		$	22,094		$	—		$	113,588		$	—		$	113,588
Jewelry scrapping sales	8,525			3,688			—			12,213			—			12,213
Pawn service charges	59,705			16,655			—			76,360			—			76,360
Other revenues	74			169			2,104			2,347			—			2,347
Total revenues	159,798			42,606			2,104			204,508			—			204,508
Merchandise cost of goods sold	56,088			15,079			—			71,167			—			71,167
Jewelry scrapping cost of goods sold	6,842			3,495			—			10,337			—			10,337
Other cost of revenues	—			—			577			577			—			577
Net revenues	96,868			24,032			1,527			122,427			—			122,427
Segment and corporate expenses (income):
Operations	66,300			14,687			2,623			83,610			—			83,610
Administrative	—			—			—			—			13,318			13,318
Depreciation and amortization	2,799			845			47			3,691			2,032			5,723
Loss on sale or disposal of assets	16			10			—			26			13			39
Interest expense	—			1			—			1			5,846			5,847
Interest income	—			(637		)	—			(637		)	(3,633		)	(4,270		)
Equity in net income of unconsolidated affiliate	—			—			(1,450		)	(1,450		)	—			(1,450		)
Other (income) expense	(4		)	115			(83		)	28			(210		)	(182		)
Segment contribution	$	27,757		$	9,011		$	390		$	37,158
Income from continuing operations before income taxes										$	37,158		$	(17,366	)	$	19,792



	Three Months Ended December 31, 2016
	U.S. Pawn			Latin America Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	94,861		$	16,652		$	—		$	111,513		$	—		$	111,513
Jewelry scrapping sales	8,845			953			—			9,798			—			9,798
Pawn service charges	61,045			7,968			—			69,013			—			69,013
Other revenues	51			131			2,118			2,300			—			2,300
Total revenues	164,802			25,704			2,118			192,624			—			192,624
Merchandise cost of goods sold	60,248			11,484			—			71,732			—			71,732
Jewelry scrapping cost of goods sold	7,550			794			—			8,344			—			8,344
Other cost of revenues	—			—			583			583			—			583
Net revenues	97,004			13,426			1,535			111,965			—			111,965
Segment and corporate expenses (income):
Operations	67,350			8,640			1,656			77,646			—			77,646
Administrative	—			—			—			—			13,927			13,927
Depreciation and amortization	2,617			631			50			3,298			3,075			6,373
Gain on sale or disposal of assets	(71		)	(6		)	—			(77		)	—			(77		)
Interest expense	—			2			—			2			5,563			5,565
Interest income	—			(67		)	—			(67		)	(2,549		)	(2,616		)
Equity in net income of unconsolidated affiliate	—			—			(1,478		)	(1,478		)	—			(1,478		)
Other (income) expense	(5		)	11			(1		)	5			(428		)	(423		)
Segment contribution	$	27,113		$	4,215		$	1,308		$	32,636
Income from continuing operations before income taxes										$	32,636		$	(19,588	)	$	13,048

Supplemental Consolidated Financial Information

3 Months Ended

Dec. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

NOTE 10: SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

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



	December 31, 2017			December 31, 2016			September 30, 2017

	(in thousands)
Gross pawn service charges receivable	$	43,316		$	40,229		$	42,117
Allowance for uncollectible pawn service charges receivable	(9,262		)	(9,262		)	(10,569		)
Pawn service charges receivable, net	$	34,054		$	30,967		$	31,548

Gross inventory	$	171,029		$	149,587		$	161,212
Inventory reserves	(7,719		)	(6,147		)	(6,801		)
Inventory, net	$	163,310		$	143,440		$	154,411

Property and equipment, gross	$	231,549		$	210,913		$	224,240
Accumulated depreciation	(169,451		)	(156,032		)	(166,281		)
Property and equipment, net	$	62,098		$	54,881		$	57,959

Organization and Summary of Significant Accounting Policies (Policies)

3 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Basis of Presentation

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, 2017

Use of Estimates and Assumptions

Income Taxes

Provisional amounts

•

Recently Issued Accounting Pronouncements and Significant Accounting Policies

•

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References + Details

Acquisitions (Tables)

3 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

The allocation of the consideration for the net acquired assets from these business combinations was as follows, in thousands:



Cash and cash equivalents	$	2,560
Earning assets	19,594
Other assets	4,005
Property and equipment, intangible assets and other assets, net*	13,153
Goodwill	34,678
Accounts payable, deferred taxes and other liabilities	(7,349		)
Total consideration	$	66,641


*	Intangible assets consist primarily of $11.1 million in trade names acquired with indefinite useful lives.

Earnings per Share (Tables)

3 Months Ended

Dec. 31, 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 December 31,
	2017			2016

	(in thousands, except per share amounts)
Net income from continuing operations attributable to EZCORP (A)	$	12,970		$	8,393
Loss from discontinued operations, net of tax (B)	(222		)	(1,228		)
Net income attributable to EZCORP (C)	$	12,748		$	7,165

Weighted-average outstanding shares of common stock (D)	54,464			54,158
Dilutive effect of restricted stock*	1,218			56
Weighted-average common stock and common stock equivalents (E)	55,682			54,214

Basic earnings per share attributable to EZCORP:
Continuing operations (A / D)	$	0.24		$	0.15
Discontinued operations (B / D)	—			(0.02		)
Basic earnings per share (C / D)	$	0.24		$	0.13

Diluted earnings per share attributable to EZCORP:
Continuing operations (A / E)	$	0.23		$	0.15
Discontinued operations (B / E)	—			(0.02		)
Diluted earnings per share (C / E)	$	0.23		$	0.13

Potential common shares excluded from the calculation of diluted earnings per share above, exclusive of the additional potential impact of the 2024 Convertible Notes:
Restricted stock**	2,991			2,288
2019 Convertible Notes Warrants***	12,138			14,317
Total potential common shares excluded	15,129			16,605


*	Includes the dilutive impact of share-based awards as well as the 2024 Convertible Notes, the terms and conditions of which are discussed in Note 6.


**	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 6 for discussion of the terms and conditions of these potential common shares.

Strategic Investments (Tables)

3 Months Ended

Dec. 31, 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 December 31, 2017 after translation to U.S. dollars:



	June 30,
	2017		2016

	(in thousands)
Current assets	$	155,749	$	173,830
Non-current assets	150,843		141,028
Total assets	$	306,592	$	314,858

Current liabilities	$	57,387	$	83,275
Non-current liabilities	48,698		51,873
Shareholders’ equity	200,507		179,710
Total liabilities and shareholders’ equity	$	306,592	$	314,858



	Fiscal Year Ended June 30,
	2017		2016

	(in thousands)
Gross revenues	$	204,684	$	225,712
Gross profit	130,943		146,286
Net profit (loss)	15,546		(3,839		)

Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

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

The tables below present our financial assets (liabilities) that were carried and measured at fair value on a recurring basis:



Financial Assets (Liabilities)	Balance Sheet Location	December 31, 2017			December 31, 2016			September 30, 2017

		(in thousands)
2019 Convertible Notes Hedges — Level 2	Other assets, net	$	12,863		$	29,800		$	6,591
2019 Convertible Notes Embedded Derivative — Level 2	Long-term debt, net	(12,863		)	(29,800		)	(6,591		)
Deferred and contingent consideration	Accounts payable, accrued expenses and other current liabilities	(1,920		)	—			—

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

The tables below present our financial assets and liabilities that were not measured at fair value on a recurring basis:



	Carrying Value		Estimated Fair Value
	December 31, 2017		December 31, 2017		Fair Value Measurement Using
	December 31, 2017		December 31, 2017		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable, net	$	60,025	$	68,720	$	—	$	—	$	68,720
Investment in unconsolidated affiliate	45,605		42,777		42,777		—		—

Financial liabilities:
2019 Convertible Notes	$	179,835	$	201,084	$	—	$	201,084	$	—
2024 Convertible Notes	102,063		201,250		—		201,250		—



	Carrying Value		Estimated Fair Value
	December 31, 2016		December 31, 2016		Fair Value Measurement Using
	December 31, 2016		December 31, 2016		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable, net	$	75,545	$	76,012	$	—	$	—	$	76,012
Investment in unconsolidated affiliate	39,875		38,360		38,360		—		—

Financial liabilities:
2019 Convertible Notes	$	200,728	$	221,950	$	—	$	221,950	$	—
Term Loan Facility	48,408		49,160		—		—		49,160



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

	(in thousands)
Financial assets:
Notes receivable, net	$	60,975	$	74,262	$	—	$	—	$	74,262
Investment in unconsolidated affiliate	43,319		49,057		49,057		—		—

Financial liabilities:
2019 Convertible Notes	$	177,346	$	193,811	$	—	$	193,811	$	—
2024 Convertible Notes	100,870		175,016		—		175,016		—

Long-term Debt (Tables)

3 Months Ended

Dec. 31, 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:



	December 31, 2017							December 31, 2016							September 30, 2017
	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	$	195,000	$	(15,165	)	$	179,835	$	230,000	$	(29,272	)	$	200,728	$	195,000	$	(17,654	)	$	177,346
Cash Convertible Senior Notes Due 2019 Embedded Derivative	12,863		—			12,863		29,800		—			29,800		6,591		—			6,591
2.875% Convertible Senior Notes Due 2024	143,750		(41,687		)	102,063				—			—		143,750		(42,880		)	100,870
Term Loan Facility	—		—			—		50,000		(1,592		)	48,408		—		—			—
	$	351,613	$	(56,852	)	$	294,761	$	309,800	$	(30,864	)	$	278,936	$	345,341	$	(60,534	)	$	284,807

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*	$	195,000	$	—	$	195,000	$	—	$	—
2.875% Convertible Senior Notes Due 2024*	143,750		—		—		—		143,750
	$	338,750	$	—	$	195,000	$	—	$	143,750


*	Excludes the potential impact of the embedded derivative.

- 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)

3 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Operating segment information



	Three Months Ended December 31, 2017
	U.S. Pawn			Latin America Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	91,494		$	22,094		$	—		$	113,588		$	—		$	113,588
Jewelry scrapping sales	8,525			3,688			—			12,213			—			12,213
Pawn service charges	59,705			16,655			—			76,360			—			76,360
Other revenues	74			169			2,104			2,347			—			2,347
Total revenues	159,798			42,606			2,104			204,508			—			204,508
Merchandise cost of goods sold	56,088			15,079			—			71,167			—			71,167
Jewelry scrapping cost of goods sold	6,842			3,495			—			10,337			—			10,337
Other cost of revenues	—			—			577			577			—			577
Net revenues	96,868			24,032			1,527			122,427			—			122,427
Segment and corporate expenses (income):
Operations	66,300			14,687			2,623			83,610			—			83,610
Administrative	—			—			—			—			13,318			13,318
Depreciation and amortization	2,799			845			47			3,691			2,032			5,723
Loss on sale or disposal of assets	16			10			—			26			13			39
Interest expense	—			1			—			1			5,846			5,847
Interest income	—			(637		)	—			(637		)	(3,633		)	(4,270		)
Equity in net income of unconsolidated affiliate	—			—			(1,450		)	(1,450		)	—			(1,450		)
Other (income) expense	(4		)	115			(83		)	28			(210		)	(182		)
Segment contribution	$	27,757		$	9,011		$	390		$	37,158
Income from continuing operations before income taxes										$	37,158		$	(17,366	)	$	19,792



	Three Months Ended December 31, 2016
	U.S. Pawn			Latin America Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	94,861		$	16,652		$	—		$	111,513		$	—		$	111,513
Jewelry scrapping sales	8,845			953			—			9,798			—			9,798
Pawn service charges	61,045			7,968			—			69,013			—			69,013
Other revenues	51			131			2,118			2,300			—			2,300
Total revenues	164,802			25,704			2,118			192,624			—			192,624
Merchandise cost of goods sold	60,248			11,484			—			71,732			—			71,732
Jewelry scrapping cost of goods sold	7,550			794			—			8,344			—			8,344
Other cost of revenues	—			—			583			583			—			583
Net revenues	97,004			13,426			1,535			111,965			—			111,965
Segment and corporate expenses (income):
Operations	67,350			8,640			1,656			77,646			—			77,646
Administrative	—			—			—			—			13,927			13,927
Depreciation and amortization	2,617			631			50			3,298			3,075			6,373
Gain on sale or disposal of assets	(71		)	(6		)	—			(77		)	—			(77		)
Interest expense	—			2			—			2			5,563			5,565
Interest income	—			(67		)	—			(67		)	(2,549		)	(2,616		)
Equity in net income of unconsolidated affiliate	—			—			(1,478		)	(1,478		)	—			(1,478		)
Other (income) expense	(5		)	11			(1		)	5			(428		)	(423		)
Segment contribution	$	27,113		$	4,215		$	1,308		$	32,636
Income from continuing operations before income taxes										$	32,636		$	(19,588	)	$	13,048

Supplemental Consolidated Financial Information (Tables)

3 Months Ended

Dec. 31, 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:



	December 31, 2017			December 31, 2016			September 30, 2017

	(in thousands)
Gross pawn service charges receivable	$	43,316		$	40,229		$	42,117
Allowance for uncollectible pawn service charges receivable	(9,262		)	(9,262		)	(10,569		)
Pawn service charges receivable, net	$	34,054		$	30,967		$	31,548

Gross inventory	$	171,029		$	149,587		$	161,212
Inventory reserves	(7,719		)	(6,147		)	(6,801		)
Inventory, net	$	163,310		$	143,440		$	154,411

Property and equipment, gross	$	231,549		$	210,913		$	224,240
Accumulated depreciation	(169,451		)	(156,032		)	(166,281		)
Property and equipment, net	$	62,098		$	54,881		$	57,959

Organization and Summary of Significant Accounting Policies - Income Taxes (Details) - USD ($) $ in Millions		1 Months Ended	3 Months Ended
	Dec. 31, 2017	Jan. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Federal statutory income tax rate	35.00%		24.50%
Tax provision recognized for the Act			$ 2.8
Deferred tax asset, provision for remeasurement			$ 2.8
Subsequent Event
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Federal statutory income tax rate		21.00%
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income tax rate used to remeasure deferred tax assets and liabilities			24.50%
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income tax rate used to remeasure deferred tax assets and liabilities			21.00%

Acquisitions - Additional Information (Details) $ in Thousands			1 Months Ended	3 Months Ended
	Dec. 04, 2017 store	Oct. 06, 2017 USD ($) store	Jan. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2017 USD ($)
Business Acquisition [Line Items]
Acquisition related costs				$ 400
Camira Administration Corp. and Subsidiaries (“GPMX”)
Business Acquisition [Line Items]
Percentage of voting interests acquired		100.00%
Number of pawn stores acquired \| store		112
Payments to acquire businesses		$ 53,400			$ 6,700
Contingent consideration liability		$ 2,250
Duration of performance to determine consideration due		24 months
Bazareno
Business Acquisition [Line Items]
Number of pawn stores acquired \| store	21
Aggregate purchase price for acquisition		$ 61,700
Subsequent Event \| Bazareno
Business Acquisition [Line Items]
Payments to acquire businesses			$ 1,600

Acquisitions - Purchase Price Allocation (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill	$ 288,773	$ 254,760	$ 253,585
Trade Names
Business Acquisition [Line Items]
Indefinite lived intangible assets	11,100
Camira Administration Corp and Subsidiaries and Bazareno Acquisitions
Business Acquisition [Line Items]
Cash and cash equivalents	2,560
Earning assets	19,594
Other assets	4,005
Property and equipment, intangible assets and other assets, net	13,153
Goodwill	34,678
Accounts payable, deferred taxes and other liabilities	(7,349)
Total consideration	$ 66,641

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net Components of Basic and Diluted Earnings per Share
Net income from continuing operations attributable to EZCORP, Inc.	$ 12,970	$ 8,393
Loss from discontinued operations, net of tax	(222)	(1,228)
Net income attributable to EZCORP, Inc.	$ 12,748	$ 7,165
Weighted average outstanding shares of common stock (shares)	54,464	54,158
Dilutive effect of restricted stock (shares)	1,218	56
Weighted average common stock and common stock equivalents (shares)	55,682	54,214
Basic earnings per share attributable to EZCORP:
Continuing operations (in dollars per share)	$ 0.24	$ 0.15
Discontinued operations (in dollars per share)	0.00	(0.02)
Basic earnings per share (in dollars per share)	0.24	0.13
Diluted earnings per share attributable to EZCORP:
Continuing operations (in dollars per share)	0.23	0.15
Discontinued operations (in dollars per share)	0.00	(0.02)
Diluted earnings per share (in dollars per share)	$ 0.23	$ 0.13
Potential common shares excluded from the calculation of diluted EPS, exclusive of the additional potential impact of the 2024 Convertible Notes (shares)	15,129	16,605
Restricted stock
Diluted earnings per share attributable to EZCORP:
Potential common shares excluded from the calculation of diluted EPS, exclusive of the additional potential impact of the 2024 Convertible Notes (shares)	2,991	2,288
2019 Convertible Note Warrants
Diluted earnings per share attributable to EZCORP:
Potential common shares excluded from the calculation of diluted EPS, exclusive of the additional potential impact of the 2024 Convertible Notes (shares)	12,138	14,317

Strategic Investments - Additional Disclosures (Details) - Cash Converters International Limited	Dec. 31, 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	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Summary of financial information for Cash Converters International Limited
Current assets	$ 155,749	$ 173,830
Non-current assets	150,843	141,028
Total assets	306,592	314,858
Current liabilities	57,387	83,275
Non-current liabilities	48,698	51,873
Shareholders’ equity	200,507	179,710
Total liabilities and shareholders’ equity	306,592	314,858
Gross revenues	204,684	225,712
Gross profit	130,943	146,286
Net profit (loss)	$ 15,546	$ (3,839)

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Convertible Hedges and Embedded Derivative Financial Instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected volatility rate	36.00%
Other assets, net \| Level 2 \| 2019 Convertible Notes Hedges — Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 12,863	$ 6,591	$ 29,800
Long-term debt, net \| Level 2 \| 2019 Convertible Notes Embedded Derivative — Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	(12,863)	(6,591)	(29,800)
Accounts payable, accrued expenses and other current liabilities \| Deferred and contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	$ (1,920)	$ 0	$ 0

Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Financial assets:
Notes receivable, net	$ 36,682	$ 32,598	$ 36,180
Investment in unconsolidated affiliate	45,605	43,319	39,875
Level 1
Financial assets:
Notes receivable, net	0	0	0
Investment in unconsolidated affiliate	42,777	49,057	38,360
Financial liabilities:
Convertible Notes			0
Term Loan Facility			0
Level 2
Financial assets:
Notes receivable, net	0	0	0
Investment in unconsolidated affiliate	0	0	0
Financial liabilities:
Convertible Notes			221,950
Term Loan Facility			0
Level 3
Financial assets:
Notes receivable, net	68,720	74,262	76,012
Investment in unconsolidated affiliate	0	0	0
Financial liabilities:
Convertible Notes			0
Term Loan Facility			49,160
Carrying Value
Financial assets:
Notes receivable, net	60,025	60,975	75,545
Investment in unconsolidated affiliate	45,605	43,319	39,875
Financial liabilities:
Convertible Notes			200,728
Term Loan Facility			48,408
Estimated Fair Value
Financial assets:
Notes receivable, net	68,720	74,262	76,012
Investment in unconsolidated affiliate	42,777	49,057	38,360
Financial liabilities:
Convertible Notes			221,950
Term Loan Facility			$ 49,160
2019 Convertible Notes \| Level 1
Financial liabilities:
Convertible Notes	0	0
2019 Convertible Notes \| Level 2
Financial liabilities:
Convertible Notes	201,084	193,811
2019 Convertible Notes \| Level 3
Financial liabilities:
Convertible Notes	0	0
2019 Convertible Notes \| Carrying Value
Financial liabilities:
Convertible Notes	179,835	177,346
2019 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Convertible Notes	201,084	193,811
2024 Convertible Notes \| Level 1
Financial liabilities:
Convertible Notes	0	0
2024 Convertible Notes \| Level 2
Financial liabilities:
Convertible Notes	201,250	175,016
2024 Convertible Notes \| Level 3
Financial liabilities:
Convertible Notes	0	0
2024 Convertible Notes \| Carrying Value
Financial liabilities:
Convertible Notes	102,063	100,870
2024 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Convertible Notes	$ 201,250	$ 175,016

Fair Value Measurements - Notes Receivable (Details) - Notes Receivable - Disposal Group - Grupo Finmart	3 Months Ended
	Dec. 31, 2017
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	10.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	16.00%

Long-term Debt - Outstanding obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017	Jul. 31, 2017	Dec. 31, 2016	Jun. 30, 2014
Debt Instrument [Line Items]
Gross Amount	$ 351,613	$ 345,341		$ 309,800
Debt Discount and Issuance Costs	(56,852)	(60,534)		(30,864)
Carrying Amount	294,761	284,807		278,936
2.125% Cash Convertible Senior Notes Due 2019
Debt Instrument [Line Items]
Stated interest rate					2.125%
2.875% Convertible Senior Notes Due 2024
Debt Instrument [Line Items]
Stated interest rate			2.875%
Recourse to EZCORP \| 2.125% Cash Convertible Senior Notes Due 2019
Debt Instrument [Line Items]
Gross Amount	195,000	195,000		230,000
Debt Discount and Issuance Costs	(15,165)	(17,654)		(29,272)
Carrying Amount	$ 179,835	$ 177,346		$ 200,728
Stated interest rate	2.125%	2.125%		2.125%
Recourse to EZCORP \| Cash Convertible Senior Notes Due 2019 Embedded Derivative
Debt Instrument [Line Items]
Gross Amount	$ 12,863	$ 6,591		$ 29,800
Debt Discount and Issuance Costs	0	0		0
Carrying Amount	12,863	6,591		29,800
Recourse to EZCORP \| 2.875% Convertible Senior Notes Due 2024
Debt Instrument [Line Items]
Gross Amount	143,750	143,750
Debt Discount and Issuance Costs	(41,687)	(42,880)		0
Carrying Amount	$ 102,063	$ 100,870		$ 0
Stated interest rate	2.875%	2.875%		2875000.00%
Line of Credit \| Term Loan Facility
Debt Instrument [Line Items]
Gross Amount	$ 0	$ 0		$ 50,000
Debt Discount and Issuance Costs	0	0		(1,592)
Carrying Amount	$ 0	$ 0		$ 48,408

Long-term Debt - Principal Payments (Details) - USD ($)	Dec. 31, 2017	Jul. 31, 2017
Debt Instrument [Line Items]
Total	$ 338,750,000
Less Than 1 Year	0
1 - 3 Years	195,000,000
3 - 5 Years	0
More Than 5 Years	143,750,000
2.875% Convertible Senior Notes Due 2024
Debt Instrument [Line Items]
Total		$ 143,750,000.00
Recourse to EZCORP \| 2.125% Cash Convertible Senior Notes Due 2019
Debt Instrument [Line Items]
Total	195,000,000
Less Than 1 Year	0
1 - 3 Years	195,000,000
3 - 5 Years	0
More Than 5 Years	0
Line of Credit \| 2.875% Convertible Senior Notes Due 2024
Debt Instrument [Line Items]
Total	143,750,000
Less Than 1 Year	0
1 - 3 Years	0
3 - 5 Years	0
More Than 5 Years	$ 143,750,000

Long-term Debt - Convertible Senior Notes Due 2024 (Details)	1 Months Ended
	Jul. 31, 2017 USD ($) $ / shares	Dec. 31, 2017 USD ($)
Debt Instrument [Line Items]
Principal amount		$ 338,750,000
2024 Convertible Notes
Debt Instrument [Line Items]
Principal amount	$ 143,750,000.00
Stated interest rate	2.875%
Common Stock Class A Non-voting \| 2024 Convertible Notes
Debt Instrument [Line Items]
Conversion rate per $1000 principal amount	100
Conversion price, per share (in dollars per share) \| $ / shares	$ 10.00

Long-term Debt - Recourse to EZCORP (Details) $ / shares in Units, shares in Millions	1 Months Ended
	Jul. 31, 2017 USD ($) $ / shares	Jul. 31, 2014 USD ($)	Jun. 30, 2014 USD ($) $ / shares $ / share 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%
Convertible senior notes repurchased and retired \| $	$ 35,000,000
2024 Convertible Notes
Debt Instrument [Line Items]
Convertible senior notes issued and settled \| $	$ 34,400,000.0
Stated interest rate	2.875%
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
Common Stock Class A Non-voting \| 2024 Convertible Notes
Debt Instrument [Line Items]
Conversion rate per $1000 principal amount	100
Conversion price, per share (in dollars per share) \| $ / shares	$ 10.00
2019 Convertible Notes Hedges — Level 2 \| Common Stock Class A Non-voting
Debt Instrument [Line Items]
Notional amount (shares) \| shares			12.1
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			12.1
Strike price for warrants (in dollars per share) \| $ / shares			$ 20.83

Stock Compensation (Details) - $ / shares	1 Months Ended
Stock Compensation (Details) - $ / shares	Dec. 31, 2017	Dec. 31, 2016	Oct. 01, 2017	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (usd per share)			$ 9.5
Common Stock Class A Non-voting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares)				3,985,649
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)		1,100,000
Long-Term Incentive Plan 2010 \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in dollars per share)	$ 9.75
Employee \| Long-Term Incentive Plan 2010 \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (shares)	1,308,533
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)	84,250
Shares vesting on September 30, 2018 \| Employee \| Long-Term Incentive Plan 2010 \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (shares)	190,725
Shares vesting on September 30, 2020 \| Employee \| Long-Term Incentive Plan 2010 \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (shares)	1,117,808

Contingencies (Details) $ in Millions	Aug. 23, 2017 USD ($)	Oct. 18, 2016	Nov. 03, 2015 plaintiff lawsuit	Sep. 28, 2015 lawsuit	Jul. 28, 2014 entity
Beneficial Owner
Loss Contingencies [Line Items]
Number of entities controlled \| entity					3
Shareholder Derivative Litigation \| Beneficial Owner
Loss Contingencies [Line Items]
Litigation settlement	$ 6.5
Rooney v. EZCORP, Inc
Loss Contingencies [Line Items]
Number of lawsuits filed \| lawsuit				2
Number of lawsuits consolidated \| lawsuit			2
Number of plaintiffs \| plaintiff			2
Period to file an amended compliant		20 days
Insurance Claims \| Shareholder Derivative Litigation \| Beneficial Owner
Loss Contingencies [Line Items]
Litigation settlement	5.5
Uninsured Risk \| Shareholder Derivative Litigation \| Beneficial Owner
Loss Contingencies [Line Items]
Litigation settlement	$ 1.0

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Merchandise sales	$ 113,588	$ 111,513
Jewelry scrapping sales	12,213	9,798
Pawn service charges	76,360	69,013
Other revenues	2,347	2,300
Total revenues	204,508	192,624
Merchandise cost of goods sold	71,167	71,732
Jewelry scrapping cost of goods sold	10,337	8,344
Other cost of revenues	577	583
Net revenues	122,427	111,965
Segment and corporate expenses (income):
Operations	83,610	77,646
Administrative	13,318	13,927
Depreciation and amortization	5,723	6,373
Loss (gain) on sale or disposal of assets	39	(77)
Interest expense	5,847	5,565
Interest income	(4,270)	(2,616)
Equity in net income of unconsolidated affiliate	(1,450)	(1,478)
Other income	(182)	(423)
Income from continuing operations before income taxes	19,792	13,048
Segments
Revenues:
Merchandise sales	113,588	111,513
Jewelry scrapping sales	12,213	9,798
Pawn service charges	76,360	69,013
Other revenues	2,347	2,300
Total revenues	204,508	192,624
Merchandise cost of goods sold	71,167	71,732
Jewelry scrapping cost of goods sold	10,337	8,344
Other cost of revenues	577	583
Net revenues	122,427	111,965
Segment and corporate expenses (income):
Operations	83,610	77,646
Administrative	0	0
Depreciation and amortization	3,691	3,298
Loss (gain) on sale or disposal of assets	26	(77)
Interest expense	1	2
Interest income	(637)	(67)
Equity in net income of unconsolidated affiliate	(1,450)	(1,478)
Other income	28	5
Income from continuing operations before income taxes	37,158	32,636
Segments \| U.S. Pawn
Revenues:
Merchandise sales	91,494	94,861
Jewelry scrapping sales	8,525	8,845
Pawn service charges	59,705	61,045
Other revenues	74	51
Total revenues	159,798	164,802
Merchandise cost of goods sold	56,088	60,248
Jewelry scrapping cost of goods sold	6,842	7,550
Other cost of revenues	0	0
Net revenues	96,868	97,004
Segment and corporate expenses (income):
Operations	66,300	67,350
Administrative	0	0
Depreciation and amortization	2,799	2,617
Loss (gain) on sale or disposal of assets	16	(71)
Interest expense	0	0
Interest income	0	0
Equity in net income of unconsolidated affiliate	0	0
Other income	(4)	(5)
Income from continuing operations before income taxes	27,757	27,113
Segments \| Latin America Pawn
Revenues:
Merchandise sales	22,094	16,652
Jewelry scrapping sales	3,688	953
Pawn service charges	16,655	7,968
Other revenues	169	131
Total revenues	42,606	25,704
Merchandise cost of goods sold	15,079	11,484
Jewelry scrapping cost of goods sold	3,495	794
Other cost of revenues	0	0
Net revenues	24,032	13,426
Segment and corporate expenses (income):
Operations	14,687	8,640
Administrative	0	0
Depreciation and amortization	845	631
Loss (gain) on sale or disposal of assets	10	(6)
Interest expense	1	2
Interest income	(637)	(67)
Equity in net income of unconsolidated affiliate	0	0
Other income	115	11
Income from continuing operations before income taxes	9,011	4,215
Segments \| Other International
Revenues:
Merchandise sales	0	0
Jewelry scrapping sales	0	0
Pawn service charges	0	0
Other revenues	2,104	2,118
Total revenues	2,104	2,118
Merchandise cost of goods sold	0	0
Jewelry scrapping cost of goods sold	0	0
Other cost of revenues	577	583
Net revenues	1,527	1,535
Segment and corporate expenses (income):
Operations	2,623	1,656
Administrative	0	0
Depreciation and amortization	47	50
Loss (gain) on sale or disposal of assets	0	0
Interest expense	0	0
Interest income	0	0
Equity in net income of unconsolidated affiliate	(1,450)	(1,478)
Other income	(83)	(1)
Income from continuing operations before income taxes	390	1,308
Corporate, Non-Segment
Revenues:
Merchandise sales	0	0
Jewelry scrapping sales	0	0
Pawn service charges	0	0
Other revenues	0	0
Total revenues	0	0
Merchandise cost of goods sold	0	0
Jewelry scrapping cost of goods sold	0	0
Other cost of revenues	0	0
Net revenues	0	0
Segment and corporate expenses (income):
Operations	0	0
Administrative	13,318	13,927
Depreciation and amortization	2,032	3,075
Loss (gain) on sale or disposal of assets	13	0
Interest expense	5,846	5,563
Interest income	(3,633)	(2,549)
Equity in net income of unconsolidated affiliate	0	0
Other income	(210)	(428)
Income from continuing operations before income taxes	$ (17,366)	$ (19,588)

Supplemental Consolidated Financial Information - Supplemental Information (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Pawn service charges receivable, net:
Gross pawn service charges receivable	$ 43,316	$ 42,117	$ 40,229
Allowance for uncollectible pawn service charges receivable	(9,262)	(10,569)	(9,262)
Pawn service charges receivable, net	34,054	31,548	30,967
Inventory, net:
Gross inventory	171,029	161,212	149,587
Inventory reserves	(7,719)	(6,801)	(6,147)
Inventory, net	163,310	154,411	143,440
Property and equipment, net:
Property and equipment, gross	231,549	224,240	210,913
Accumulated depreciation	(169,451)	(166,281)	(156,032)
Total	$ 62,098	$ 57,959	$ 54,881