0000876523-19-000069 | 10-K | XBRL Viewer

Debt (Tables)

12 Months Ended

Sep. 30, 2019

The following tables present our debt instruments outstanding, contractual maturities and interest expense:



	September 30, 2019								September 30, 2018
	Gross Amount		Debt Discount and Issuance Costs			Carrying Amount			Gross Amount		Debt Discount and Issuance Costs			Carrying Amount

	(in thousands)
2019 Convertible Notes	$	—	$	—		$	—		$	195,000	$	(7,567	)	$	187,433
2019 Convertible Notes Embedded Derivative	—		—			—			2,552		—			2,552
2024 Convertible Notes	143,750		(32,439		)	111,311			143,750		(37,892		)	105,858
2025 Convertible Notes	172,500		(46,290		)	126,210			172,500		(52,764		)	119,736
8.5% unsecured debt due 2024*	1,092		—			1,092			1,304		—			1,304
CASHMAX secured borrowing facility*	634		(653		)	(19		)	—		—			—
Total	$	317,976	$	(79,382	)	$	238,594		$	515,106	$	(98,223	)	$	416,883
Less current portion	214		—			214			197,748		(7,567		)	190,181
Total long-term debt	$	317,762	$	(79,382	)	$	238,380		$	317,358	$	(90,656	)	$	226,702

Amounts translated from Guatemalan quetzals and Canadian dollars as of the applicable period end. Certain disclosures omitted due to materiality considerations.

Schedule of maturities of debt



	Schedule of Contractual Maturities
	Total		Less Than 1 Year		1 - 3 Years		3 - 5 Years		More Than 5 Years

	(in thousands)
2024 Convertible Notes*	143,750		—		—		143,750		—
2025 Convertible Notes*	172,500		—		—		—		172,500
8.5% unsecured debt due 2024	1,092		214		430		448		—
CASHMAX secured borrowing facility	$	634	$	—	$	634	$	—	$	—
	$	317,976	$	214	$	1,064	$	144,198	$	172,500

Excludes the potential impact of embedded derivatives.

Schedule of Interest Expense



	Fiscal Year Ended September 30,
	2019		2018		2017

	(in thousands)
Term Loan Facility:
Contractual interest expense	$	—	$	—	$	4,345
Amortization of debt discount and deferred financing costs	—		—		359
Total interest expense	$	—	$	—	$	4,704

2019 Convertible Notes:
Contractual interest expense	$	3,074	$	4,144	$	4,741
Amortization of debt discount and deferred financing costs	7,556		9,952		10,759
Total interest expense	$	10,630	$	14,096	$	15,500

2024 Convertible Notes:
Contractual interest expense	$	4,133	$	4,133	$	987
Amortization of debt discount and deferred financing costs	5,452		5,057		1,067
Total interest expense	$	9,585	$	9,190	$	2,054

2025 Convertible Notes:
Contractual interest expense	$	4,097	$	1,559	$	—
Amortization of debt discount and deferred financing costs	6,468		2,383		—
Total interest expense	$	10,565	$	3,942	$	—

- 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.

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+ Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018
Current assets:
Cash and cash equivalents	$ 157,567	$ 285,311
Pawn loans	199,058	198,463
Pawn service charges receivable, net	31,802	30,959
Inventory, net	179,355	166,997
Notes receivable, net	7,182	34,199
Prepaid expenses and other current assets	30,796	33,456
Total current assets	605,760	749,385
Investments in unconsolidated affiliates	34,516	49,500
Property and equipment, net	67,357	73,649
Goodwill	300,527	299,248
Intangible assets, net	68,044	54,923
Notes receivable, net	1,117	3,226
Deferred tax asset, net	1,998	7,986
Other assets	4,383	3,863
Total assets	1,083,702	1,241,780
Current liabilities:
Current maturities of long-term debt, net	214	190,181
Accounts payable, accrued expenses and other current liabilities	77,957	57,958
Customer layaway deposits	12,915	11,824
Total current liabilities	91,086	259,963
Long-term debt, net	238,380	226,702
Deferred tax liability, net	1,985	8,817
Other long-term liabilities	7,302	6,890
Total liabilities	338,753	502,372
Commitments and contingencies (Note 14)
Stockholders’ equity:
Additional paid-in capital	407,628	397,927
Retained earnings	389,163	386,622
Accumulated other comprehensive loss	(52,398)	(42,356)
EZCORP, Inc. stockholders’ equity	744,949	742,739
Noncontrolling interest	0	(3,331)
Total equity	744,949	739,408
Total liabilities and equity	1,083,702	1,241,780
Common Stock Class A Non-Voting
Stockholders’ equity:
Common Stock	526	516
Common Stock Class B Voting
Stockholders’ equity:
Common Stock	$ 30	$ 30

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 1,311	$ 36,294	$ 29,760
Other comprehensive (loss) income:
Foreign currency translation (loss) gain, net of income tax benefit (expense) for our investment in unconsolidated affiliate of $708, $353 and ($446) for the years ended September 30, 2019, 2018 and 2017, respectively	(10,042)	(2,638)	5,642
Comprehensive (loss) income	(8,731)	33,656	35,402
Comprehensive income attributable to redeemable noncontrolling interest	(1,230)	(882)	(1,671)
Comprehensive (loss) income attributable to EZCORP, Inc.	$ (7,501)	$ 34,538	$ 37,073

- Definition

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

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+ Details

Summary of Significant Accounting Policies - Software Development Costs (Details)	12 Months Ended
	Sep. 30, 2019
Software
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years

Debt - Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
Debt - Interest Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Debt Instrument [Line Items]
Amortization of debt discount and deferred financing costs	$ 19,759	$ 17,595	$ 12,303
Term Loan Facility
Debt Instrument [Line Items]
Contractual interest expense	0	0	4,345
Amortization of debt discount and deferred financing costs	0	0	359
Total interest expense	0	0	4,704
2019 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	3,074	4,144	4,741
Amortization of debt discount and deferred financing costs	7,556	9,952	10,759
Total interest expense	10,630	14,096	15,500
Senior Notes \| 2024 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	4,133	4,133	987
Amortization of debt discount and deferred financing costs	5,452	5,057	1,067
Total interest expense	9,585	9,190	2,054
Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	4,097	1,559	0
Amortization of debt discount and deferred financing costs	6,468	2,383	0
Total interest expense	$ 10,565	$ 3,942	$ 0

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Operating activities:
Net income	$ 1,311	$ 36,294	$ 29,760
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	28,797	25,484	23,661
Amortization of debt discount and deferred financing costs	19,759	17,595	12,303
Accretion of notes receivable discount and deferred compensation fee	(4,524)	(9,150)	(3,788)
Deferred income taxes	1,616	7,916	6,096
Other adjustments	5,776	2,607	4,566
Reserve on jewelry scrap receivable	3,646	0	0
Stock compensation expense	9,751	10,784	5,866
Loss (income) from investments in unconsolidated affiliates	135	(5,529)	(4,916)
Impairment of investment in unconsolidated affiliates	19,725	11,712	0
Changes in operating assets and liabilities, net of business acquisitions:
Service charges and fees receivable	(732)	(1,788)	(285)
Inventory	(493)	(1,074)	721
Prepaid expenses, other current assets and other assets	5,732	477	4,225
Accounts payable, accrued expenses and other liabilities	22,246	(3,271)	(30,894)
Customer layaway deposits	1,176	709	241
Income taxes, net of excess tax benefit from stock compensation	(10,404)	(3,785)	3,110
Net cash provided by operating activities	103,517	88,981	50,666
Investing activities:
Loans made	(737,585)	(707,220)	(646,625)
Loans repaid	434,142	421,331	386,383
Recovery of pawn loan principal through sale of forfeited collateral	288,502	266,962	244,632
Capital expenditures, net	(38,839)	(40,474)	(25,001)
Acquisitions, net of cash acquired	(8,116)	(93,165)	(2,250)
Investment in unconsolidated affiliate	0	(14,036)	0
Principal collections on notes receivable	34,067	32,396	29,458
Net cash used in investing activities	(27,829)	(134,206)	(13,403)
Financing activities:
Taxes paid related to net share settlement of equity awards	(3,288)	(311)	(767)
Proceeds from borrowings, net of issuance costs	1,064	171,409	139,506
Payments on borrowings	(196,093)	(3,510)	(85,388)
Net cash (used in) provided by financing activities	(198,317)	167,588	53,351
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(507)	(654)	724
Net (decrease) increase in cash and cash equivalents and restricted cash	(123,136)	121,709	91,338
Cash and cash equivalents and restricted cash at beginning of period	285,578	163,869	72,531
Cash and cash equivalents and restricted cash at end of period	162,442	285,578	163,869
Cash paid during the period for:
Interest	12,900	8,412	9,068
Income taxes, net	11,132	13,676	8,866
Non-cash investing and financing activities:
Pawn loans forfeited and transferred to inventory	301,357	274,590	257,388
Dividend reinvestment acquisition of additional ownership in unconsolidated affiliate	$ 0	$ 0	$ 1,153

Goodwill and Other Intangible Assets - Indefinite-lived Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 29,455	$ 30,303
Pawn licenses
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	9,517	9,527
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 19,938	$ 20,776

Debt - Extinguishment of Debt (Details) - USD ($)		1 Months Ended	3 Months Ended
Debt - Extinguishment of Debt (Details) - USD ($)	Sep. 12, 2016	Jul. 31, 2017	Sep. 30, 2017
Line of Credit Facility [Line Items]
Debt extinguishment costs			$ 5,300,000
Senior Secured Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Aggregate principal amount	$ 100,000,000
Early payment transaction fee on retirement of Term Loan Facility		$ 51,600,000
Senior Secured Credit Facility, Initial Term Loan \| Line of Credit
Line of Credit Facility [Line Items]
Amount outstanding	50,000,000
Senior Secured Credit Facility, Delayed Draw Term Loans \| Line of Credit
Line of Credit Facility [Line Items]
Amount outstanding	$ 50,000,000
Monthly fee	2.75%
Loan servicing fee	$ 15,000
2019 Convertible Notes
Line of Credit Facility [Line Items]
Early payment transaction fee on retirement of Term Loan Facility		34,400,000
Write-off of debt discount and issuance costs on retirement		35,000,000.0
Convertible Notes Hedges
Line of Credit Facility [Line Items]
Settlement of derivative, amounts received (paid)		600,000
Convertible Notes Warrants
Line of Credit Facility [Line Items]
Settlement of derivative, amounts received (paid)		(500,000)
Settlement of derivative		$ 2,200,000
LIBOR \| Senior Secured Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Basis spread on variable rate	7.50%

Summary of Significant Accounting Policies - Equity Method Investments (Details)	12 Months Ended
	Sep. 30, 2019
Cash Converters International Limited
Schedule of Equity Method Investments [Line Items]
Income from investment, period of lag	3 months

Goodwill and Other Intangible Assets

12 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

NOTE 7: GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and Intangible Asset Balances

The following table presents the balance of each major class of indefinite-lived intangible asset:



	September 30,
	2019		2018

	(in thousands)
Pawn licenses	$	9,517	$	9,527
Trade names	19,938		20,776
	$	29,455	$	30,303

The following table presents the changes in the carrying value of goodwill by segment:



	U.S. Pawn		Latin America Pawn			Consolidated

	(in thousands)
Balances as of September 30, 2017	$	247,894	$	6,866		$	254,760
Acquisitions*	—		44,366			44,366
Effect of foreign currency translation changes	—		122			122
Balances as of September 30, 2018	$	247,894	$	51,354		$	299,248
Acquisitions*	3,858		(1,721		)	2,137
Effect of foreign currency translation changes	—		(858		)	(858		)
Balances as of September 30, 2019	$	251,752	$	48,775		$	300,527


*	As discussed in Note 1 and Note 2, certain adjustments were made to pawn service charges receivable, deferred taxes and associated goodwill balances.

The following table presents the gross carrying amount and accumulated amortization for each major class of definite-lived intangible asset:



	September 30,
	2019							2018
	Carrying Amount		Accumulated Amortization			Net Book Value		Carrying Amount		Accumulated Amortization			Net Book Value

	(in thousands)
Non-compete agreements	$	3,563	$	(3,399	)	$	164	$	3,626	$	(3,314	)	$	312
Internally developed software	59,436		(24,280		)	35,156		40,223		(17,512		)	22,711
Other	5,598		(2,329		)	3,269		3,826		(2,229		)	1,597
	$	68,597	$	(30,008	)	$	38,589	$	47,675	$	(23,055	)	$	24,620

The amortization of most definite-lived intangible assets is recorded as amortization expense and included under “Depreciation and amortization” expense in our consolidated statements of operations. These amounts were $7.8 million, $5.8 million and $4.2 million for fiscal 2019, 2018 and 2017, respectively.

The following table presents our estimate of future amortization expense for definite-lived intangible assets:



Fiscal Year Ended September 30,	Amortization expense

	(in thousands)
2020	$	8,406
2021	7,422
2022	6,563
2023	4,456
2024	2,583

As acquisitions and dispositions occur in the future, amortization expense may vary from these estimates.

Fair Value Measurements - Financial Assets, Temporary Equity and Liabilities Not Measured at Fair Value (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Jul. 31, 2017	Jun. 30, 2014
Financial assets:
Notes receivable from Grupo Finmart, net		$ 7,182	$ 34,199
Investments in unconsolidated affiliates		34,516	49,500
Carrying Value
Financial assets:
Notes receivable from Grupo Finmart, net		7,182	37,425
Investments in unconsolidated affiliates		34,516	49,500
Estimate of Fair Value Measurement
Financial assets:
Notes receivable from Grupo Finmart, net		7,582	41,153
Investments in unconsolidated affiliates		28,308	49,500
Estimate of Fair Value Measurement \| Level 1
Financial assets:
Notes receivable from Grupo Finmart, net		0	0
Investments in unconsolidated affiliates		20,252	49,500
Estimate of Fair Value Measurement \| Level 2
Financial assets:
Notes receivable from Grupo Finmart, net		0	0
Investments in unconsolidated affiliates		0	0
Estimate of Fair Value Measurement \| Level 3
Financial assets:
Notes receivable from Grupo Finmart, net		7,582	41,153
Investments in unconsolidated affiliates		8,056	0
2019 Convertible Notes
Financial liabilities:
Stated interest rate					2.125%
2019 Convertible Notes \| Carrying Value
Financial liabilities:
Convertible promissory note			187,433
2019 Convertible Notes \| Estimate of Fair Value Measurement
Financial liabilities:
Convertible promissory note			189,150
2019 Convertible Notes \| Estimate of Fair Value Measurement \| Level 1
Financial liabilities:
Convertible promissory note			0
2019 Convertible Notes \| Estimate of Fair Value Measurement \| Level 2
Financial liabilities:
Convertible promissory note			189,150
2019 Convertible Notes \| Estimate of Fair Value Measurement \| Level 3
Financial liabilities:
Convertible promissory note			0
2024 Convertible Notes
Financial liabilities:
Stated interest rate				2.875%
2024 Convertible Notes \| Carrying Value
Financial liabilities:
Convertible promissory note		111,311	105,858
2024 Convertible Notes \| Estimate of Fair Value Measurement
Financial liabilities:
Convertible promissory note		139,969	180,399
2024 Convertible Notes \| Estimate of Fair Value Measurement \| Level 1
Financial liabilities:
Convertible promissory note		0	0
2024 Convertible Notes \| Estimate of Fair Value Measurement \| Level 2
Financial liabilities:
Convertible promissory note		139,969	180,399
2024 Convertible Notes \| Estimate of Fair Value Measurement \| Level 3
Financial liabilities:
Convertible promissory note		0	0
2025 Convertible Notes \| Carrying Value
Financial liabilities:
Convertible promissory note		126,210	119,736
2025 Convertible Notes \| Estimate of Fair Value Measurement
Financial liabilities:
Convertible promissory note		138,345	161,253
2025 Convertible Notes \| Estimate of Fair Value Measurement \| Level 1
Financial liabilities:
Convertible promissory note		0	0
2025 Convertible Notes \| Estimate of Fair Value Measurement \| Level 2
Financial liabilities:
Convertible promissory note		138,345	161,253
2025 Convertible Notes \| Estimate of Fair Value Measurement \| Level 3
Financial liabilities:
Convertible promissory note		0	0
8.5% unsecured debt due 2024 \| Carrying Value
Financial liabilities:
Convertible promissory note		$ 1,092	1,304
Stated interest rate		8.50%
8.5% unsecured debt due 2024 \| Estimate of Fair Value Measurement
Financial liabilities:
Convertible promissory note		$ 1,092	1,304
8.5% unsecured debt due 2024 \| Estimate of Fair Value Measurement \| Level 1
Financial liabilities:
Convertible promissory note		0
8.5% unsecured debt due 2024 \| Estimate of Fair Value Measurement \| Level 2
Financial liabilities:
Convertible promissory note		0
8.5% unsecured debt due 2024 \| Estimate of Fair Value Measurement \| Level 3
Financial liabilities:
Convertible promissory note		$ 1,092	$ 1,304
Secured Promissory Note 2.89%, Due 2024
Financial liabilities:
Notes receivable, interest rate	2.89%	2.89%
Secured Promissory Note 2.89%, Due 2024 \| Carrying Value
Financial assets:
2.89% promissory note receivable due April 2024		$ 1,117
Secured Promissory Note 2.89%, Due 2024 \| Estimate of Fair Value Measurement
Financial assets:
2.89% promissory note receivable due April 2024		1,117
Secured Promissory Note 2.89%, Due 2024 \| Estimate of Fair Value Measurement \| Level 1
Financial assets:
2.89% promissory note receivable due April 2024		0
Secured Promissory Note 2.89%, Due 2024 \| Estimate of Fair Value Measurement \| Level 2
Financial assets:
2.89% promissory note receivable due April 2024		0
Secured Promissory Note 2.89%, Due 2024 \| Estimate of Fair Value Measurement \| Level 3
Financial assets:
2.89% promissory note receivable due April 2024		1,117
CASHMAX secured borrowing facility \| Carrying Value
Financial liabilities:
CASHMAX secured borrowing facility		634
CASHMAX secured borrowing facility \| Estimate of Fair Value Measurement
Financial liabilities:
CASHMAX secured borrowing facility		634
CASHMAX secured borrowing facility \| Estimate of Fair Value Measurement \| Level 1
Financial liabilities:
CASHMAX secured borrowing facility		0
CASHMAX secured borrowing facility \| Estimate of Fair Value Measurement \| Level 2
Financial liabilities:
CASHMAX secured borrowing facility		0
CASHMAX secured borrowing facility \| Estimate of Fair Value Measurement \| Level 3
Financial liabilities:
CASHMAX secured borrowing facility		$ 634

Income Taxes - Components of Income Tax Provision (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Current:
Federal				$ 431	$ (26)	$ 1,043
State and foreign				704	9,288	6,233
Total				1,135	9,262	7,276
Deferred:
Federal				(4,264)	9,498	4,082
State and foreign				5,535	(371)	(265)
Total				1,271	9,127	3,817
Total income tax expense	$ (1,058)		$ 7,411	$ 2,406	18,389	$ 11,093
Charge resulting from remeasured deferred tax asset		$ 1,900	$ 2,800		2,100
Charge resulting from recording valuation allowance not likely to be utilized					$ 2,600

Related Party Transactions (Details) $ in Thousands		1 Months Ended		12 Months Ended
Related Party Transactions (Details) $ in Thousands	Aug. 14, 2017 USD ($) store	Jun. 30, 2019 store	Aug. 31, 2017 store	Sep. 30, 2019 AUD ($)	Sep. 30, 2018 AUD ($)	Sep. 30, 2017 AUD ($)	Aug. 13, 2017
Related Party Transaction [Line Items]
Number of stores acquired		7
Cash Solutions Centers, LLC \| Daniel M. Chism
Related Party Transaction [Line Items]
Percentage of ownership							28.00%
Cash Converters International Limited
Related Party Transaction [Line Items]
Percentage of ownership				34.75%
Annual consulting fee \| $				$ 120	$ 120,000	$ 120,000
Cash Solutions Centers, LLC \| Central Texas
Related Party Transaction [Line Items]
Number of stores acquired			2
Cash Solutions Centers, LLC \| Central Texas \| Chief Financial Officer
Related Party Transaction [Line Items]
Cash payments for acquisition \| $	$ 700,329
Number of stores acquired	2

Stock Compensation - Compensation Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Share-based Payment Arrangement [Abstract]
Share-based compensation costs	$ 9,751	$ 10,784	$ 5,866
Income tax benefits on share-based compensation	$ (1,098)	$ (1,656)	$ (2,053)

Summary of Significant Accounting Policies - Convertible Debt Securities (Details)	Sep. 30, 2019	May 14, 2018	Jul. 31, 2017
2024 Convertible Notes
Debt Conversion [Line Items]
Stated interest rate			2.875%
Senior Notes \| 2025 Convertible Notes
Debt Conversion [Line Items]
Stated interest rate		2.375%
Measurement Input, Discount Rate \| Liability Component of Convertible Debt \| 2024 Convertible Notes
Debt Conversion [Line Items]
Fair value assumptions, discount rate	0.08

Goodwill and Other Intangible Assets - Definite-lived Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 68,597	$ 47,675
Accumulated Amortization	(30,008)	(23,055)
Net Book Value	38,589	24,620
Definite-lived intangible assets, amortization expense	7,800	5,800	$ 4,200
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	3,563	3,626
Accumulated Amortization	(3,399)	(3,314)
Net Book Value	164	312
Internally developed software
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	59,436	40,223
Accumulated Amortization	(24,280)	(17,512)
Net Book Value	35,156	22,711
Other
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	5,598	3,826
Accumulated Amortization	(2,329)	(2,229)
Net Book Value	$ 3,269	$ 1,597

Supplemental Consolidated Financial Information and Discontinued Operations

12 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Consolidated Financial Information and Discontinued Operations

NOTE 16: SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION AND DISCONTINUED OPERATIONS

Supplemental Consolidated Financial Information

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



	September 30,
	2019			2018

	(in thousands)
Cash and cash equivalents	$	157,567		$	285,311
Restricted cash	4,875			267
Cash and cash equivalents and restricted cash	$	162,442		$	285,578

Gross pawn service charges receivable	$	41,838		$	40,719
Allowance for uncollectible pawn service charges receivable	(10,036		)	(9,760		)
Pawn service charges receivable, net	$	31,802		$	30,959

Gross inventory	$	189,092		$	176,198
Inventory reserves	(9,737		)	(9,201		)
Inventory, net	$	179,355		$	166,997

Prepaid expenses and other	$	4,784		$	9,402
Accounts receivable and other	10,889			18,901
Income taxes prepaid and receivable	10,248			2,334
Restricted cash	4,875			267
2019 Convertible Notes Hedges	—			2,552
Prepaid expenses and other current assets	$	30,796		$	33,456

Property and equipment, gross	$	265,922		$	253,022
Accumulated depreciation	(198,565		)	(179,373		)
Property and equipment, net	$	67,357		$	73,649

Accounts payable	$	25,946		$	10,500
Accrued payroll	6,149			6,294
Bonus accrual	9,901			12,738
Other payroll related expenses	5,040			2,963
Accrued interest	2,793			3,835
Accrued rent and property taxes	11,702			12,106
Accrued sales and VAT taxes	10,680			1,319
Deferred revenues	2,929			2,747
Other accrued expenses	2,510			2,659
Income taxes payable	307			2,797
Account payable, accrued expenses and other current liabilities	$	77,957		$	57,958

Unrecognized tax benefits, non-current	$	1,362		$	1,148
Other long-term liabilities	5,940			5,742
Other long-term liabilities	$	7,302		$	6,890

Jewelry Scrap Receivable

In November 2018, our principal refiner that processed our scrap jewelry announced Chapter 11 bankruptcy restructuring proceedings in the U.S. As of September 30, 2019 we had $3.6 million of total receivables outstanding which have been fully reserved for and which is included in "Loss on sale or disposal of assets and other" and "Reserve on jewelry scrap receivable" in our consolidated statements of operations and cash flows, respectively. We continue to monitor the bankruptcy process and may record recoveries of such reserved amounts in a future period as we gather more information.

Valuation and Qualifying Accounts

The following table provides information on our valuation and qualifying accounts not disclosed elsewhere:



			Additions
Description	Balance at Beginning of Period		Charged to Expense		Charged to Revenue		Deductions		Balance at End of Period

	(in thousands)
Allowance for valuation of inventory:
Year Ended September 30, 2019	$	9,201	$	536	$	—	$	—	$	9,737
Year Ended September 30, 2018	6,801		2,400		—		—		9,201
Year Ended September 30, 2017	6,143		658		—		—		6,801
Allowance for uncollectible pawn service charges receivable:
Year Ended September 30, 2019	$	9,760	$	—	$	276	$	—	$	10,036
Year Ended September 30, 2018	9,129		—		631		—		9,760
Year Ended September 30, 2017	8,965		—		164		—		9,129
Allowance for uncollectible consumer loan fees and interest receivable:
Year Ended September 30, 2019	$	331	$	—	$	209	$	—	$	540
Year Ended September 30, 2018	283		—		48		—		331
Year Ended September 30, 2017	241		—		42		—		283
Allowance for valuation of deferred tax assets:
Year Ended September 30, 2019	$	20,254	$	—	$	—	$	2,160	$	18,094
Year Ended September 30, 2018	17,860		2,394		—		—		20,254
Year Ended September 30, 2017	21,078		—		—		3,218		17,860

Summary of Significant Accounting Policies - Corrections and Reclassifications to Prior Period Financial Statements (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended								12 Months Ended
	Oct. 01, 2016	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Overstatement of prior retained earnings	$ 3,400
Cash and cash equivalents		$ 157,567				$ 285,311			$ 112,957	$ 157,567	$ 285,311
Pawn service charges receivable, net		31,802			$ 31,558	30,959			28,104	31,802	30,959
Prepaid expenses and other current assets		30,796			31,483	33,456			26,394	30,796	33,456
Goodwill		300,527			296,638	299,248			290,215	300,527	299,248
Deferred tax asset, net		13			487				12,242	13
Accounts payable, accrued expenses and other current liabilities		77,957			57,380	57,958			60,134	77,957	57,958
Retained earnings		389,163			383,256	386,622			360,524	389,163	386,622
Accumulated other comprehensive loss		(52,398)			(48,739)	(42,356)			(44,591)	(52,398)	(42,356)
Pawn service charges					83,519				76,022		304,577	$ 273,077
Operations expense					88,763				83,592	350,578	334,841	304,956
Administrative					15,255				13,081	63,665	53,639	53,492
Income (loss) from continuing operations before income taxes					(4,718)				19,709	4,174	55,539	42,678
Income tax expense					(1,058)				7,411	2,406	18,389	11,093
(Loss) income from continuing operations, net of tax		$ (592)	$ 3,361	$ 2,659	$ (3,660)	$ (807)	$ 14,004	$ 11,707	$ 12,246	$ 1,768	$ 37,150	$ 31,585
Basic earnings (loss) per share attributable to EZCORP, Inc. — continuing operations (usd per share)		$ (0.01)	$ 0.06	$ 0.06	$ (0.06)	$ (0.02)	$ 0.26	$ 0.22	$ 0.24	$ 0.05	$ 0.70	$ 0.61
Diluted earnings (loss) per share attributable to EZCORP, Inc. — continuing operations (usd per share)		$ (0.01)	$ 0.06	$ 0.06	$ (0.06)	$ (0.02)	$ 0.25	$ 0.21	$ 0.23	$ 0.05	$ 0.66	$ 0.61
Net income (loss)		$ (645)	$ 3,158	$ 2,641	$ (3,843)	$ (1,032)	$ 14,095	$ 11,207	$ 12,024	$ 1,311	$ 36,294	$ 29,760
Deferred income taxes										1,616	7,916	6,096
Service charges and fees receivable					(726)				307	(732)	(1,788)	(285)
Accounts payable, accrued expenses and other liabilities					(836)				(5,415)	22,246	(3,271)	(30,894)
Income taxes, net of excess tax benefit from stock compensation					(3,445)					(10,404)	(3,785)	3,110
Net cash provided by operating activities					23,381				19,368	103,517	88,981	50,666
Effect of exchange rate changes on cash and cash equivalents and restricted cash					(782)				(1,383)	$ (507)	(654)	724
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cash and cash equivalents									113,584
Pawn service charges receivable, net					38,959				34,054
Prepaid expenses and other current assets					31,223				26,156
Goodwill					294,881				288,773
Deferred tax asset, net					(334)				10,997
Accounts payable, accrued expenses and other current liabilities					57,628				60,207
Retained earnings					387,936				364,414
Accumulated other comprehensive loss					(49,104)				(44,902)
Pawn service charges					83,674				76,360		305,936	273,080
Operations expense					89,546				83,610		334,649	304,636
Administrative					15,479				13,318		53,653	53,254
Income (loss) from continuing operations before income taxes					(5,570)				19,792		57,076	43,239
Income tax expense					(1,032)				7,437		18,149	11,206
(Loss) income from continuing operations, net of tax					$ (4,538)				$ 12,355		$ 38,927	$ 32,033
Basic earnings (loss) per share attributable to EZCORP, Inc. — continuing operations (usd per share)					$ (0.07)				$ 0.24		$ 0.73	$ 0.62
Diluted earnings (loss) per share attributable to EZCORP, Inc. — continuing operations (usd per share)					$ (0.07)				$ 0.23		$ 0.69	$ 0.62
Net income (loss)					$ (4,721)				$ 12,133		$ 38,071	$ 30,208
Deferred income taxes											7,978	6,046
Service charges and fees receivable					(877)				(50)		(3,153)	(224)
Accounts payable, accrued expenses and other liabilities					(461)				(5,283)		(3,902)	(31,041)
Income taxes, net of excess tax benefit from stock compensation					(3,412)						(3,622)	3,027
Net cash provided by operating activities					22,760				19,252		88,987	50,895
Effect of exchange rate changes on cash and cash equivalents and restricted cash					(865)				(1,165)		(484)
Corrections
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cash and cash equivalents									(627)
Pawn service charges receivable, net					(7,401)				(5,950)
Prepaid expenses and other current assets					260				238
Goodwill					1,757				1,442
Deferred tax asset, net					821				1,245
Accounts payable, accrued expenses and other current liabilities					(248)				(73)
Retained earnings					(4,680)				(3,890)
Accumulated other comprehensive loss					365				311
Pawn service charges					(155)				(338)		(1,359)	(3)
Operations expense					(783)				(18)		192	320
Administrative					(224)				(237)		(14)	238
Income (loss) from continuing operations before income taxes					852				(83)		(1,537)	(561)
Income tax expense					(26)				(26)		240	(113)
(Loss) income from continuing operations, net of tax					$ 878				$ (109)		$ (1,777)	$ (448)
Basic earnings (loss) per share attributable to EZCORP, Inc. — continuing operations (usd per share)					$ 0.01				$ 0		$ (0.03)	$ (0.01)
Diluted earnings (loss) per share attributable to EZCORP, Inc. — continuing operations (usd per share)					$ 0.01				$ 0		$ (0.03)	$ (0.01)
Net income (loss)					$ 878				$ (109)		$ (1,777)	$ (448)
Deferred income taxes											(62)	50
Service charges and fees receivable					151				357		1,365	(61)
Accounts payable, accrued expenses and other liabilities					(375)				(132)		631	147
Income taxes, net of excess tax benefit from stock compensation					(33)						(163)	83
Net cash provided by operating activities					621				116		(6)	$ (229)
Effect of exchange rate changes on cash and cash equivalents and restricted cash					$ 83				$ (218)		$ (170)

Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018
Major classifications of property and equipment
Carrying Amount	$ 265,922	$ 253,022
Accumulated Depreciation	(198,565)	(179,373)
Property and equipment, net	67,357	73,649
Land
Major classifications of property and equipment
Carrying Amount	4	4
Accumulated Depreciation	0	0
Property and equipment, net	4	4
Buildings and improvements
Major classifications of property and equipment
Carrying Amount	103,486	97,236
Accumulated Depreciation	(68,895)	(60,459)
Property and equipment, net	34,591	36,777
Furniture and equipment
Major classifications of property and equipment
Carrying Amount	127,531	119,975
Accumulated Depreciation	(96,142)	(85,737)
Property and equipment, net	31,389	34,238
Software
Major classifications of property and equipment
Carrying Amount	34,245	34,178
Accumulated Depreciation	(33,528)	(33,177)
Property and equipment, net	717	1,001
In progress
Major classifications of property and equipment
Carrying Amount	656	1,629
Accumulated Depreciation	0	0
Property and equipment, net	$ 656	$ 1,629

Segment Information

12 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Segment Information

NOTE 15: SEGMENT INFORMATION

We are organized into operating segments based on geographic areas. These operating segments have been aggregated into three reportable business segments as follows: U.S. Pawn — all pawn activities in the United States; Latin America Pawn — all pawn activities in Mexico, Central America and South America; and Other International — primarily our equity interest in the net income of Cash Converters International and consumer finance activities in Canada. Segment information is prepared on the same basis that our chief operating decision maker reviews financial information for operational decision-making purposes. There are no material inter-segment revenues, and the amounts below were determined in accordance with the same accounting principles used in our consolidated financial statements.



	Fiscal Year Ended September 30, 2019
	U.S. Pawn		Latin America Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	355,996	$	97,379		$	—		$	453,375		$	—		$	453,375
Jewelry scrapping sales	45,815		14,630			—			60,445			—			60,445
Pawn service charges	248,369		78,997			—			327,366			—			327,366
Other revenues	233		179			5,631			6,043			—			6,043
Total revenues	650,413		191,185			5,631			847,229			—			847,229
Merchandise cost of goods sold	225,136		72,372			—			297,508			—			297,508
Jewelry scrapping cost of goods sold	39,318		13,617			—			52,935			—			52,935
Other cost of revenues	—		—			2,338			2,338			—			2,338
Net revenues	385,959		105,196			3,293			494,448			—			494,448
Operating expenses (income):
Operations	269,003		74,199			7,376			350,578			—			350,578
Administrative	—		—			—			—			63,665			63,665
Depreciation and amortization	11,879		6,267			219			18,365			10,432			28,797
Loss on sale or disposal of assets and other	3,402		691			282			4,375			24			4,399
Interest expense	—		1,609			491			2,100			30,537			32,637
Interest income	—		(1,601		)	—			(1,601		)	(9,485		)	(11,086		)
Equity in net loss of unconsolidated affiliates	—		—			135			135			—			135
Impairment of investment in unconsolidated affiliates	—		—			19,725			19,725			—			19,725
Other expense (income)	—		(93		)	1,895			1,802			(378		)	1,424
Segment contribution (loss)	$	101,675	$	24,124		$	(26,830	)	$	98,969
Income from continuing operations before income taxes									$	98,969		$	(94,795	)	$	4,174



	Fiscal Year Ended September 30, 2018
	U.S. Pawn			Latin America Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	350,699		$	87,673		$	—		$	438,372		$	—		$	438,372
Jewelry scrapping sales	47,745			13,007			—			60,752			—			60,752
Pawn service charges	237,086			67,491			—			304,577			—			304,577
Other revenues	250			85			8,120			8,455			—			8,455
Total revenues	635,780			168,256			8,120			812,156			—			812,156
Merchandise cost of goods sold	216,408			60,210			—			276,618			—			276,618
Jewelry scrapping cost of goods sold	40,417			11,873			—			52,290			—			52,290
Other cost of revenues	—			—			1,697			1,697			—			1,697
Net revenues	378,955			96,173			6,423			481,551			—			481,551
Operating expenses (income):
Operations	263,094			61,553			10,194			334,841			—			334,841
Administrative	—			—			—			—			53,639			53,639
Depreciation and amortization	12,869			4,068			184			17,121			8,363			25,484
Loss on sale or disposal of assets	203			27			—			230			233			463
Interest expense	71			25			—			96			27,738			27,834
Interest income	—			(2,619		)	—			(2,619		)	(14,422		)	(17,041		)
Equity in net income of unconsolidated affiliates	—			—			(5,529		)	(5,529		)	—			(5,529		)
Impairment of investment	—			—			11,712			11,712			—			11,712
Other income	(3		)	(42		)	(132		)	(177		)	(5,214		)	(5,391		)
Segment contribution (loss)	$	102,721		$	33,161		$	(10,006	)	$	125,876
Income from continuing operations before income taxes										$	125,876		$	(70,337	)	$	55,539



	Fiscal Year Ended September 30, 2017
	U.S. Pawn			Latin America Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	351,878		$	62,957		$	3		$	414,838		$	—		$	414,838
Jewelry scrapping sales	48,203			2,986			—			51,189			—			51,189
Pawn service charges	238,645			34,432			—			273,077			—			273,077
Other revenues	219			645			7,983			8,847			—			8,847
Total revenues	638,945			101,020			7,986			747,951			—			747,951
Merchandise cost of goods sold	223,475			43,050			—			266,525			—			266,525
Jewelry scrapping cost of goods sold	41,434			2,497			—			43,931			—			43,931
Other cost of revenues	—			—			1,988			1,988			—			1,988
Net revenues	374,036			55,473			5,998			435,507			—			435,507
Operating expenses (income):
Operations	260,089			36,419			8,448			304,956			—			304,956
Administrative	—			—			—			—			53,492			53,492
Depreciation and amortization	10,171			2,675			191			13,037			10,624			23,661
Loss on sale or disposal of assets	198			134			—			332			27			359
Interest expense	—			9			—			9			27,794			27,803
Interest income	—			(1,930		)	—			(1,930		)	(10,173		)	(12,103		)
Equity in net income of unconsolidated affiliates	—			—			(4,916		)	(4,916		)	—			(4,916		)
Other income	(19		)	(69		)	(96		)	(184		)	(239		)	(423		)
Segment contribution	$	103,597		$	18,235		$	2,371		$	124,203
Income from continuing operations before income taxes										$	124,203		$	(81,525	)	$	42,678

The following table presents separately identified segment assets:



	U.S. Pawn		Latin America Pawn		Other International		Corporate		Total

	(in thousands)
Assets as of September 30, 2019
Pawn loans	$	157,408	$	41,650	$	—	$	—	$	199,058
Pawn service charges receivable, net	27,623		4,179		—		—		31,802
Inventory, net	142,266		37,089		—		—		179,355
Total assets	635,152		202,565		35,041		210,944		1,083,702

Assets as of September 30, 2018
Pawn loans	$	154,986	$	43,477	$	—	$	—	$	198,463
Pawn service charges receivable, net	26,380		4,579		—		—		30,959
Inventory, net	135,154		31,843		—		—		166,997
Total assets	624,174		185,631		56,776		375,199		1,241,780

The net assets of our Latin America Pawn segment, exclusive of intercompany amounts and inclusive of certain other assets not separately identified above, were $205.3 million as of September 30, 2019.

The following tables provide geographic information required by ASC 280-10-50-41:



	Fiscal Year Ended September 30,
	2019		2018		2017

	(in thousands)
Revenues:
United States	$	650,413	$	635,780	$	638,945
Mexico	138,897		122,702		101,020
Other Latin America	52,288		45,554		—
Canada and other	5,631		8,120		7,986
Total revenues	$	847,229	$	812,156	$	747,951



	September 30,
	2019		2018

	(in thousands)
Long-lived tangible assets:
United States	$	43,274	$	52,310
Mexico	18,566		18,497
Other Latin America	5,432		2,489
Canada and other	85		353
Total long-lived assets	$	67,357	$	73,649

Summary of Significant Accounting Policies - Goodwill and Other Intangible Assets (Details) $ in Millions	12 Months Ended
	Sep. 30, 2019 USD ($)
Measurement Input, Discount Rate \| Goodwill and Indefinite-lived Intangible Assets \| Income Approach Valuation Technique \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount rates used for reporting unit valuations	0.10
Measurement Input, Discount Rate \| Goodwill and Indefinite-lived Intangible Assets \| Income Approach Valuation Technique \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount rates used for reporting unit valuations	0.15
Guatemala, El Salvador, Honduras and Peru
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Potential goodwill impairment loss	$ 34.5
Percentage of fair value in excess of carrying value	7.00%

Summary of Significant Accounting Policies - Income Tax and Common Stock (Details) $ in Thousands		3 Months Ended		12 Months Ended
	Jan. 01, 2018 USD ($)	Sep. 30, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2019 USD ($) vote	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)
Class of Stock [Line Items]
Blended tax rate					24.50%
Charge resulting from remeasured deferred tax asset		$ 1,900	$ 2,800		$ 2,100
Charge resulting from recording valuation allowance not likely to be utilized					2,600
Unrecognized tax benefits, interest and penalties				$ 200	200	$ 200
Common Stock Class B Voting
Class of Stock [Line Items]
Number of votes per share \| vote				1
Retained Earnings
Class of Stock [Line Items]
Reclassification of stranded tax effects resulting from the Tax Cuts and Jobs Act					$ 1,455
Retained Earnings \| Accounting Standards Update 2018-02
Class of Stock [Line Items]
Reclassification of stranded tax effects resulting from the Tax Cuts and Jobs Act	$ 1,500

Employment Agreements and Retirement Plans - 401(k) Plan and Trust (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
EZCORP Inc. 401(k) Plan and Trust
Defined Contribution Plan Disclosure [Line Items]
Matching contributions to EZCORP Inc. 401(k) Plan and Trust	$ 964	$ 810	$ 658

Acquisitions - Additional Information Regarding Recent Acquisitions (Details) $ in Thousands					1 Months Ended			3 Months Ended	9 Months Ended
	Jun. 25, 2018 USD ($) store	Jun. 11, 2018 state store	Dec. 04, 2017 store	Oct. 06, 2017 USD ($) store	Jun. 30, 2019 USD ($) store	Dec. 31, 2018 USD ($) store	Jan. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)	Jun. 30, 2018 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($)	Dec. 31, 2017 USD ($)
Business Acquisition [Line Items]
Number of stores acquired \| store					7
Goodwill						$ 296,638		$ 296,638		$ 300,527	$ 299,248	$ 290,215
Metro Pawn
Business Acquisition [Line Items]
Cash payments for acquisition					$ 7,000
Goodwill					$ 3,900
Pawn Stores, Mexico 2019
Business Acquisition [Line Items]
Number of stores acquired \| store						5
Cash payments for acquisition						$ 300
Goodwill						$ 100		100
GPMX
Business Acquisition [Line Items]
Number of stores acquired \| store				112
Cash payments for acquisition				$ 53,400			$ 1,600		$ 6,700
Goodwill				$ 34,816
Percentage acquired				100.00%
Contingent consideration				$ 2,250
Duration of performance period tied to contingent consideration				24 months
Aggregate purchase price				$ 61,700
All Other
Business Acquisition [Line Items]
Number of stores acquired \| store	40	23	21
Goodwill	$ 7,770
Number of states in which entity operates \| state		7
Montepio San Patricio And Presta Dinero
Business Acquisition [Line Items]
Goodwill, subsequent recognition of deferred tax asset								$ 1,800

Summary of Significant Accounting Policies - Inventory and Cash and Cash Equivalents and Cash Concentrations (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018
Inventory [Line Items]
Inventory, net	$ 179,355	$ 166,997
Mexico \| Foreign \| Reportable geographical components
Inventory [Line Items]
Inventory, net	$ 26,900	$ 25,100

Strategic Investments - Summarized Financial Information (Details) - Cash Converters International Limited - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Summary of financial information for Cash Converters International Limited
Current assets	$ 173,826	$ 229,105
Non-current assets	152,483	148,195
Total assets	326,309	377,300
Current liabilities	77,434	122,924
Non-current liabilities	26,163	15,449
Shareholders’ equity	222,712	238,927
Total liabilities and shareholders’ equity	326,309	377,300
Gross revenues	201,365	201,800	$ 204,509
Gross profit	111,932	128,366	130,943
Net (loss) profit	$ (1,210)	$ 17,443	$ 15,546

Debt - Principal Payment Schedule (Details) - USD ($)	Sep. 30, 2019	Sep. 30, 2018	May 14, 2018	Jul. 31, 2017
Debt Instrument [Line Items]
Total	$ 317,976,000
Current maturities of long-term debt, net	214,000	$ 190,181,000
1 - 3 Years	1,064,000
3 - 5 Years	144,198,000
More Than 5 Years	172,500,000
2024 Convertible Notes
Debt Instrument [Line Items]
Total				$ 143,750,000
Stated interest rate				2.875%
Senior Notes \| 2024 Convertible Notes
Debt Instrument [Line Items]
Total	143,750,000
Less Than 1 Year	0
1 - 3 Years	0
3 - 5 Years	143,750,000
More Than 5 Years	0
Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Total	172,500,000		$ 172,500,000
Less Than 1 Year	0
1 - 3 Years	0
3 - 5 Years	0
More Than 5 Years	172,500,000
Stated interest rate			2.375%
Unsecured Notes \| 8.5% unsecured debt due 2024
Debt Instrument [Line Items]
Total	1,092,000
Less Than 1 Year	214,000
1 - 3 Years	430,000
3 - 5 Years	448,000
More Than 5 Years	$ 0
Stated interest rate	8.50%
Receivables Securitization Facility \| CASHMAX secured borrowing facility
Debt Instrument [Line Items]
Total	$ 634,000
Less Than 1 Year	0
1 - 3 Years	634,000
3 - 5 Years	0
More Than 5 Years	$ 0

Supplemental Consolidated Financial Information and Discontinued Operations - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Allowance for valuation of inventory:
Valuation and Qualifying Accounts
Balance at Beginning of Period	$ 9,201	$ 6,801	$ 6,143
Charged to Expense	536	2,400	658
Charged to Revenue	0	0	0
Deductions	0	0	0
Balance at End of Period	9,737	9,201	6,801
Allowance for uncollectible pawn service charges receivable:
Valuation and Qualifying Accounts
Balance at Beginning of Period	9,760	9,129	8,965
Charged to Expense	0	0	0
Charged to Revenue	276	631	164
Deductions	0	0	0
Balance at End of Period	10,036	9,760	9,129
Allowance for uncollectible consumer loan fees and interest receivable:
Valuation and Qualifying Accounts
Balance at Beginning of Period	331	283	241
Charged to Expense	0	0	0
Charged to Revenue	209	48	42
Deductions	0	0	0
Balance at End of Period	540	331	283
Allowance for valuation of deferred tax assets:
Valuation and Qualifying Accounts
Balance at Beginning of Period	20,254	17,860	21,078
Charged to Expense	0	2,394	0
Charged to Revenue	0	0	0
Deductions	2,160	0	3,218
Balance at End of Period	$ 18,094	$ 20,254	$ 17,860

Income Taxes

12 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 10: INCOME TAXES

The following table presents the components of our income from continuing operations before income taxes, including inter-segment amounts:



	Fiscal Year Ended September 30,
	2019			2018		2017

	(in thousands)
Domestic*	$	(9,609	)	$	28,645	$	29,598
Foreign	13,783			26,894		13,080
	$	4,174		$	55,539	$	42,678


*	Includes the majority of our corporate administrative costs. See Note 15 for information pertaining to segment contribution.

The following table presents the significant components of the income tax provision from continuing operations:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands)
Current:
Federal	$	431		$	(26	)	$	1,043
State and foreign	704			9,288			6,233
	1,135			9,262			7,276
Deferred:
Federal*	(4,264		)	9,498			4,082
State and foreign	5,535			(371		)	(265		)
	1,271			9,127			3,817
Total income tax expense	$	2,406		$	18,389		$	11,093

The year ended September 30, 2018 includes a $2.1 million charge resulting from the remeasurement of our domestic net deferred tax assets based on the new corporate income tax rate as a result of the Act, as well as $2.6 million charge resulting from recording a valuation allowance against foreign tax credit carryforwards that do not meet the “more likely than not” threshold to be utilized as a result of tax law changes included in the Act.

The following table presents a reconciliation of income taxes calculated at the statutory rate and the provision for income taxes attributable to continuing operations:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands)
Income tax expense at the federal statutory rate	$	878		$	13,623		$	14,937
State taxes, net of federal benefit	184			1,265			(242		)
Mexico inflation adjustment	(801		)	(936		)	(1,286		)
Non-deductible items	2,088			2,214			1,114
Tax credits	(551		)	(615		)	(536		)
Foreign rate differential	1,080			1,405			(151		)
Change in valuation allowance	1,601			3,986			(2,030		)
Stock compensation	(711		)	—			(386		)
Uncertain tax positions	(1,596		)	(4,808		)	202
Change in tax rate resulting from enactment of the Act	—			2,558			—
Other	234			(303		)	(529		)
Total income tax expense	$	2,406		$	18,389		$	11,093
Effective tax rate	58		%	33		%	26		%

The following table shows significant components of our deferred tax assets and liabilities:



	September 30,
	2019			2018

	(in thousands)
Deferred tax assets:
Cash Converters International	$	14,616		$	9,782
Tax over book inventory	6,858			11,963
Accrued liabilities	4,518			4,664
Pawn service charges receivable	1,699			2,171
Stock compensation	2,758			3,328
Foreign tax credit	2,638			2,638
Capital loss carryforward	—			3,006
State and foreign net operating loss carryforwards	15,806			15,223
Book over tax depreciation	2,659			972
Other	2,159			134
Total deferred tax assets before valuation allowance	53,711			53,881
Valuation allowance	(18,094		)	(20,254		)
Net deferred tax assets	35,617			33,627
Deferred tax liabilities:
Tax over book amortization	19,042			15,700
Note receivable discount	15,416			17,396
Prepaid expenses	1,146			1,362
Total deferred tax liabilities	35,604			34,458
Net deferred tax asset (liability)	$	13		$	(831	)

As of September 30, 2019, we had state net operating loss carryforwards of approximately $120.0 million, which begin to expire in 2020 if not utilized. We also had foreign net operating loss carryforwards of $50.2 million, which will expire between 2030 and 2038 if not utilized. Additionally, we have a $2.6 million foreign tax credit that will expire between 2024 to 2027 if not utilized.

Deferred tax assets and liabilities are recorded for the estimated tax impact of temporary differences between the tax basis and book basis of assets and liabilities. A valuation allowance is established against a deferred tax asset when it is more likely than not that the deferred tax asset will not be realized. Our valuation allowance has been established to offset certain state and foreign net operating loss carryforwards, capital loss carryforwards, and foreign tax credit carryforwards that are not more likely than not to be utilized prior to expiration. The valuation allowance increased by $3.3 million in fiscal 2019, primarily due to the recording of a valuation allowance against the foreign tax credit carryforwards generated during the year which we believe are not more likely than not to be utilized, offset by a decrease of $3.0 million due to the expiration of a capital loss carryforward that expired unused for which a valuation allowance had been recorded. We believe our results from future operations will generate sufficient taxable income in the appropriate jurisdictions such that it is more likely than not that the remaining deferred tax assets will be realized.

Deferred taxes are not provided for undistributed earnings of foreign subsidiaries of approximately $61.0 million which are intended to be reinvested outside of the U.S. Accordingly, no provision for foreign withholding taxes associated with a distribution of those earnings has been made. We estimate that, upon distribution of our share of these earnings, we would be subject to withholding taxes of approximately $3.4 million as of September 30, 2019. We provided deferred income taxes on all undistributed earnings from Cash Converters International.

The following table presents a rollforward of unrecognized tax benefits:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands)
Beginning balance	$	3,091		$	6,530		$	6,058
Increase for tax positions taken during a prior period	—			963			—
Increase for tax positions taken during the current period	—			—			472
Decrease for tax positions as a result of the lapse of the statute of limitations	(1,656		)	(4,402		)	—
Ending balance	$	1,435		$	3,091		$	6,530

All of the above unrecognized tax benefits, if recognized, would impact our effective tax rate for the respective period of each ending balance.

We are subject to U.S., Mexico, Canada, Guatemala, Honduras, El Salvador, and Peru income taxes as well as income taxes levied by various state and local jurisdictions. With few exceptions, we are no longer subject to examinations by tax authorities for years before the tax year ended September 30, 2014. We believe that adequate provisions have been made for any adjustments that may result from tax examinations.

Stock Compensation - Restricted Stock Award Activity (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Restricted Stock and Phantom Share-Based Awards
Weighted Average Grant date Fair Value
Total grant date fair value of shares vested	$ 11.8	$ 2.3	$ 3.8
Restricted stock
Shares
Outstanding, beginning balance (shares)	3,555,725
Granted (shares)	1,152,653
Vested and released (shares)	(1,314,905)
Forfeited (Shares)	(368,319)
Outstanding, ending balance (shares)	3,025,154	3,555,725
Weighted Average Grant date Fair Value
Outstanding, beginning balance (usd per share)	$ 7.76
Granted (usd per share)	9.29	$ 9.75	$ 9.57
Vested and released (usd per share)	5.91
Forfeited (usd per share)	6.65
Outstanding, ending balance (usd per share)	$ 9.29	7.76
Number of shares withheld to satisfy related federal income tax withholding	360,489
Weighted average grant-date fair value per share granted (usd per share)	$ 9.29	$ 9.75	$ 9.57

Summary of Significant Accounting Policies - Notes Receivable (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gain on restructured notes receivable					$ 3.0
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Restructured notes receivable, estimated settlement amount					14.0
Not primary beneficiary, variable interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gain on restructured notes receivable		$ 3.0
Restructured notes receivable, estimated settlement amount					$ 14.0
Principal collections on notes receivable	$ 6.0		$ 34.1	$ 32.4
Fee Due Date Two and Three \| Not primary beneficiary, variable interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Restructured notes receivable, estimated settlement amount	$ 8.0		$ 8.0

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Deferred tax assets:
Cash Converters International	$ 14,616		$ 9,782
Tax over book inventory	6,858		11,963
Accrued liabilities	4,518		4,664
Pawn service charges receivable	1,699		2,171
Stock compensation	2,758		3,328
Foreign tax credit	2,638		2,638
Capital loss carryforward	0		3,006
State and foreign net operating loss carryforwards	15,806		15,223
Book over tax depreciation	2,659		972
Other	2,159		134
Total deferred tax assets before valuation allowance	53,711		53,881
Valuation allowance	(18,094)		(20,254)
Net deferred tax assets	35,617		33,627
Deferred tax liabilities:
Tax over book amortization	19,042		15,700
Note receivable discount	15,416		17,396
Prepaid expenses	1,146		1,362
Total deferred tax liabilities	35,604		34,458
Net deferred tax assets	$ 13	$ 487		$ 12,242
Net deferred tax liabilities			$ (831)

Employment Agreements and Retirement Plans - Additional Disclosures (Details)	12 Months Ended
	Sep. 30, 2019 age
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contributions matching vested in service	3 years
Contributions matching vested in pro rata basis	100.00%
Vesting period of Supplemental Executive Retirement Plan	3 years
SERP, percent vested per year	33.33%
SERP vesting in the event of the participant's death or disability or the termination of the plan due to a change in control	100.00%
SERP vesting In event of participant reaching retirement age, percentage	100.00%
SERP, retirement age	60
SERP vesting In event of participant reaching retirement age, years of service	5 years
Executive Officer
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Additional severance or change-in-control benefits, period of salary continuation	1 year

Fair Value Measurements

12 Months Ended

Sep. 30, 2019

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

Recurring Fair Value Measurements

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



		September 30, 2019		September 30, 2018
Financial Assets (Liabilities):	Balance Sheet Location	September 30, 2019		September 30, 2018

		(in thousands)
2019 Convertible Notes Hedges — Level 2	Prepaid expenses and other current assets	$	—	$	2,552
2019 Convertible Notes Embedded Derivative — Level 2	Current maturities of long-term debt, net	—		(2,552		)

We repaid our outstanding 2.125% Cash Convertible Senior Notes Due 2019 in June 2019 with expiration of the associated cash-settled call options (the “2019 Convertible Notes Hedges”) and the 2019 Convertible Notes derivative instrument (the “2019 Convertible Notes Embedded Derivative”).

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 (including those discussed below the following tables) on a recurring basis:



	Carrying Value		Estimated Fair Value
	September 30, 2019		September 30, 2019		Fair Value Measurement Using
	September 30, 2019		September 30, 2019		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	7,182	$	7,582	$	—	$	—	$	7,582
2.89% promissory note receivable due April 2024	1,117		1,117		—		—		1,117
Investments in unconsolidated affiliates	34,516		28,308		20,252		—		8,056

Financial liabilities:
2024 Convertible Notes	$	111,311	$	139,969	$	—	$	139,969	$	—
2025 Convertible Notes	126,210		138,345		—		138,345		—
8.5% unsecured debt due 2024	1,092		1,092		—		—		1,092
CASHMAX secured borrowing facility	634		634		—		—		634



	Carrying Value		Estimated Fair Value
	September 30, 2018		September 30, 2018		Fair Value Measurement Using
	September 30, 2018		September 30, 2018		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	37,425	$	41,153	$	—	$	—	$	41,153
Investments in unconsolidated affiliates	49,500		49,500		49,500		—		—

Financial liabilities:
2019 Convertible Notes	$	187,433	$	189,150	$	—	$	189,150	$	—
2024 Convertible Notes	105,858		180,399		—		180,399		—
2025 Convertible Notes	119,736		161,253		—		161,253		—
8.5% unsecured debt due 2024	1,304		1,304						1,304

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

For background information regarding the notes receivable, see “Notes Receivable from Grupo Finmart Divestiture” below. We measured the fair value of the notes receivable 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 of primarily 7% as of September 30, 2019. Certain of the significant inputs used for the valuation were not observable in the market. Significant increases or decreases in the underlying assumptions used to value the notes receivable could significantly increase or decrease these fair value estimates.

In March 2019, we deconsolidated a previously consolidated variable interest entity ("RDC") over which we no longer have the power to direct the activities that most significantly affect its economic performance. After the deconsolidation and prior to RDC’s third-party capital raise in August 2019, we held the following interests in RDC:


•	A 5% equity interest and a call option to repurchase an additional 43% equity interest for $1 in September 2019 in the event that RDC had not received a qualified third party investment. These interests were recorded at a combined fair value of $2.8 million and included in "Investments in unconsolidated affiliates" in our consolidated balance sheets.


•	A $9.1 million non-interest bearing convertible promissory note due January 2021, which was automatically convertible into a 10% equity interest when RDC received a qualified third party investment. This note was recorded at its fair value of $6.8 million.

In conjunction with the deconsolidation and recording of the above amounts, we recognized a loss of $0.3 million, included in "Other income" in our consolidated statements of operations included in our "Other International" segment and in "Other adjustments" in our consolidated statements of cash flows for fiscal 2019. In August 2019, RDC received a qualified third party investment causing recognition of a loss of $1.9 million on expiration of the call option, included in "Other expense (income)" in our consolidated statements of operations included in our "Other International" segment and in "Other adjustments" in our consolidated statements of cash flows. Additionally, the carrying value of the convertible promissory note due January 2021 of $7.4 million was converted into a 10% equity interest which together with the previous 5% equity interest is accounted for under the equity method and yielding a resulting interest of 13% after dilution. The RDC equity interest approximated its carrying value as of September 30, 2019. The equity method of accounting is followed based on our 13% ownership, combined with board representation. The net investment value is included in “Investment in unconsolidated affiliates” on our balance sheet at September 30, 2019.

In March 2019, we received $1.1 million in previously escrowed seller funds as a result of settling certain indemnification claims with the seller of GPMX. In April 2019, we loaned the $1.1 million back to the seller of GPMX in exchange for a promissory note. The note bears interest at the rate of 2.89% per annum and is secured by certain marketable securities owned by the seller and held in a U.S. brokerage account. All principal and accrued interest is due and payable in April 2024. The note approximated its carrying value as of September 30, 2019.

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

Notes Receivable from Grupo Finmart Divestiture in Fiscal 2016

Subsequent to the sale of Grupo Finmart in September 2016, we determined that we retained a variable interest in Grupo Finmart, including notes receivable and a guarantee liability of the future cash outflows of certain Grupo Finmart foreign exchange forward contracts with a backup guarantee provided by AlphaCredit for any payments we make under the guarantee. We determined that we are not the primary beneficiary of Grupo Finmart subsequent to its disposition as we lack a controlling financial interest in Grupo Finmart.

During fiscal 2019 and 2018, we collected $34.1 million and $32.4 million, respectively, in principal and deferred compensation on these notes receivable. As of September 30, 2017, all of the notes receivable (other than the Parent Loan Notes discussed below) had been repaid and the guarantee liability had been extinguished.

As of September 30, 2017, only two promissory notes (referred to as the “Parent Loan Notes”), one of which was denominated in Mexican pesos, remained outstanding from the Grupo Finmart sale, with a total aggregate principal amount of $60.9 million. In September 2017, we and AlphaCredit amended the Parent Loan Notes as follows:


•	The outstanding principal amount (including the $18.3 million that would otherwise have been payable on September 27, 2017) was payable on a monthly basis over the remaining two years, commencing October 27, 2017.


•	The per annum interest rate was increased from 4% to 10% for the dollar-denominated note and from 7.5% to 14.5% for the peso-denominated note. Accrued interest was also payable monthly, commencing October 27, 2017.


•	An additional deferred compensation fee totaling $14.0 million, payable $6.0 million on September 27, 2019, $4.0 million on March 27, 2020 and $4.0 million on September 27, 2020. The first $6.0 million installment of the deferred compensation fee was received in September 2019. The actual amount was slightly less than $6.0 million due to changes in the foreign currency translation rate.

•

The Parent Loan Notes could be prepaid in full voluntarily at any time and are subject to mandatory prepayment in certain circumstances. Upon any prepayment, whether voluntary or mandatory, Grupo Finmart must pay all outstanding principal, all accrued but unpaid interest and an amount equal to the sum of (1) all remaining interest payments that would otherwise be due through the end of the term and (2) the remaining unpaid balance of the

deferred compensation fee. If a prepayment had occurred on or before June 30, 2019, the deferred compensation fee would have been reduced to $10.0 million.


•	The Parent Loan Notes, as amended, are fully guaranteed by AlphaCredit.

As further consideration for these amendments, AlphaCredit agreed to terminate our indemnification obligations with respect to representations and warranties and certain other matters under the Purchase Agreement, dated as of July 1, 2016, that the parties entered into in connection with the sale of Grupo Finmart (the “Purchase Agreement”). Those representations and warranties were originally scheduled to survive until March 27, 2018. AlphaCredit also agreed to terminate all indemnity claims existing at the time of the amendment and to release to us the outstanding balance ($4.1 million) held in escrow pending resolution of indemnification claims. We accounted for this amendment as an extinguishment of the original Parent Loan Notes, recognizing $3.0 million of remaining discount as a gain included in “Interest income” in our consolidated statements of operations.

We remain obligated to indemnify AlphaCredit for any tax obligations arising from the Grupo Finmart business that are attributable to periods prior to the completion of the sale in September 2016, referred to as “pre-closing taxes.” Those obligations continue until the expiration of the statute of limitations applicable to the pre-closing periods. In August 2019, AlphaCredit notified us of a potential indemnity claim for certain pre-closing taxes, but the nature, extent and validity of such claim has yet to be determined.

We review the financial statements of Grupo Finmart and AlphaCredit including the calculation of synthetic credit spreads as described above in making our determination that the Parent Loan Notes are collectible on an ongoing basis. As of September 30, 2019, Grupo Finmart had repaid all amounts due to date in accordance with the amortization schedule, including all principal amounts and the initial $6.0 million installment of the deferred compensation fee, along with interest through September 27, 2019. The only amount remaining due is the final $8.0 million of the deferred compensation fee due in fiscal 2020 and interest that will continue to accrue on that amount.

Income Taxes - Additional Disclosures (Details) $ in Millions	12 Months Ended
	Sep. 30, 2019 USD ($)
Operating Loss Carryforwards [Line Items]
Increase (decrease) to the valuation allowance	$ 3.3
Undistributed losses of foreign subsidiaries	61.0
Undistributed earnings of foreign subsidiaries, estimated taxes recognized upon distribution	3.4
State Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforward	120.0
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforward	50.2
Tax credit carryforward	2.6
Capital Loss Carryforward
Operating Loss Carryforwards [Line Items]
Increase (decrease) to the valuation allowance	$ (3.0)

Stock Compensation - Additional Disclosures (Details) $ / shares in Units, $ in Millions		1 Months Ended								2 Months Ended		12 Months Ended
	Sep. 30, 2018 shares	Jul. 31, 2019 $ / shares shares	Nov. 30, 2018 $ / shares shares	Dec. 31, 2017 $ / shares shares	Apr. 30, 2017 $ / shares shares	Dec. 31, 2016 shares	Mar. 31, 2016 shares	Mar. 31, 2015 shares	Feb. 28, 2015 shares	May 31, 2019 employee $ / shares shares	Dec. 31, 2016 $ / shares shares	Sep. 30, 2019 USD ($) $ / shares	Sep. 30, 2018	Sep. 30, 2017	Oct. 01, 2017 $ / shares	Oct. 01, 2016 $ / shares	May 01, 2010 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (usd per share) \| $ / shares												$ 10.70			$ 9.50
2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares authorized								1,081,200	643,673
Common Stock Class A Non-Voting \| 2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized																	5,485,649
Increase of shares authorized for grant			400,000	1,100,000		500,000	185,026
Non-employee directors \| 2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of new non-employee directors \| employee										7
Restricted Stock and Phantom Share-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized fair value of awards \| $												$ 9.1
Weighted average period over which costs amortized												2 years
Restricted stock \| 2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted, weighted average grant date fair value (usd per share) \| $ / shares				$ 9.75	$ 9.60						$ 9.60
Share price (usd per share) \| $ / shares																$ 11.06
Restricted stock \| Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period												2 years
Restricted stock \| Non-employee directors \| 2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (shares)			59,812	84,250	72,500					60,088	72,500
Options granted, weighted average grant date fair value (usd per share) \| $ / shares			$ 9.18							$ 10.64
Restricted stock \| Employee \| 2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (shares)		61,138	971,615	1,308,533	931,260						931,260
Options granted, weighted average grant date fair value (usd per share) \| $ / shares		$ 10.04	$ 9.18
Vesting Tranche 1 \| Restricted stock \| Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage														50.00%
Vesting Tranche 1 \| Restricted stock \| Employee \| 2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (shares)	190,725
Vesting Tranche 2 \| Restricted stock \| Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage													50.00%
Vesting Tranche 2 \| Restricted stock \| Employee \| 2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (shares)				1,117,808

Employment Agreements and Retirement Plans

12 Months Ended

Sep. 30, 2019

Retirement Benefits [Abstract]

Employment Agreements and Retirement Plans

NOTE 13: EMPLOYMENT AGREEMENTS AND RETIREMENT PLANS

Employment Agreements

We provide the following severance benefits to our executive officers:


•	Each of our executive officers will receive salary continuation for one year if his or her employment is terminated without cause.


•	Generally, restricted stock awards, including those granted to the executive officers, provide for accelerated vesting of some or all of the unvested shares in the event of the holder’s death or disability.

Retirement Plans

We sponsor a 401(k) retirement savings plan under which eligible team members may contribute a portion of pre-tax earnings. The plan provides for a discretionary match of participants’ elective deferrals in the form of either cash or our Class A Common Stock. The Company discretionary match of the participants’ elective deferrals has been made in the form of cash since 2016, and the ability to invest additional funds into Company stock is prohibited. A participant vests in the Company matching contributions pro rata over their first three years of service. All of a participant’s matching contributions will vest to 100% in the event of their death, disability or should the plan terminate due to a change in control.

The following table presents matching contribution information for our 401(k) plan, which were made in cash:



	Fiscal Year Ended September 30,
	2019		2018		2017

	(in thousands)
Matching contributions to EZCORP Inc. 401(k) Plan and Trust	$	964	$	810	$	658

We also provide a non-qualified Supplemental Executive Retirement Plan for selected executives. Funds in the Supplemental Executive Retirement Plan vest over three years from the grant date, with one-third vesting each year. All of a participant’s Supplemental Executive Retirement Plan funds from all grants vest 100% in the event of the participant’s death or disability or the termination of the plan due to a change in control. In addition, the Supplemental Executive Retirement Plan funds are 100% vested when a participant attains his or her normal retirement age (generally 60 years old and five years of active service) while actively employed by us. Expense of contributions to the Supplemental Executive Retirement Plan is recognized based on the vesting schedule.

The following table provides contribution and amortized expense amounts related to the Supplemental Executive Retirement Plan:



	Fiscal Year Ended September 30,
	2019		2018		2017

	(in thousands)
Contributions to the Supplemental Executive Retirement Plan	$	509	$	483	$	536
Amortized expense due to Supplemental Executive Retirement Plan	474		476		544

Leases - Future Minimum Payments and Sublease Revenue (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Operating Lease Payments
2020	$ 69,291
2021	60,588
2022	46,720
2023	32,062
2024	19,969
Thereafter	39,256
Total	267,886
Sublease Revenue
2020	3,028
2021	3,228
2022	3,001
2023	2,511
2024	839
Thereafter	0
Total	$ 12,607

Property and Equipment

12 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 6: PROPERTY AND EQUIPMENT

Major classifications of property and equipment were as follows:



	September 30,
	2019							2018
	Carrying Amount		Accumulated Depreciation			Net Book Value		Carrying Amount		Accumulated Depreciation			Net Book Value

	(in thousands)
Land	$	4	$	—		$	4	$	4	$	—		$	4
Buildings and improvements	103,486		(68,895		)	34,591		97,236		(60,459		)	36,777
Furniture and equipment	127,531		(96,142		)	31,389		119,975		(85,737		)	34,238
Software	34,245		(33,528		)	717		34,178		(33,177		)	1,001
In progress	656		—			656		1,629		—			1,629
	$	265,922	$	(198,565	)	$	67,357	$	253,022	$	(179,373	)	$	73,649

Debt - Cash Convertible Senior Notes Due 2019 (Details) - USD ($)	1 Months Ended
	Jul. 31, 2017	Jul. 31, 2014	Jun. 30, 2014	Sep. 30, 2019	Jun. 15, 2019
2019 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate			2.125%	2.125%
Convertible senior notes issued and settled		$ 30,000,000	$ 200,000,000
Amount of retired debt	$ 35,000,000.0
Interest rate at period end				8.00%
2024 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate	2.875%
Convertible senior notes issued and settled	$ 34,400,000
2.125% Cash Convertible Senior Notes Due 2019
Debt Instrument [Line Items]
Stated interest rate			2.125%
Amount of retired debt	$ 35,000,000.0
Repurchased amount					$ 195,000,000.0

Summary of Significant Accounting Policies - Foreign Currency and Advertising (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Schedule of Equity Method Investments [Line Items]
Foreign currency transaction gains (losses) not accounted for as translations	$ 0.3	$ 0.4	$ 0.5
Advertising expense	$ 2.0	$ 2.5	$ 1.9
Cash Converters International Limited
Schedule of Equity Method Investments [Line Items]
Period related interest in investee's net income is translated	6 months

Employment Agreements and Retirement Plans (Tables)

12 Months Ended

Sep. 30, 2019

Retirement Benefits [Abstract]

Retirement savings plan

The following table presents matching contribution information for our 401(k) plan, which were made in cash:



	Fiscal Year Ended September 30,
	2019		2018		2017

	(in thousands)
Matching contributions to EZCORP Inc. 401(k) Plan and Trust	$	964	$	810	$	658

Contribution and amortized expense related to the Supplemental Executive Retirement Plan

The following table provides contribution and amortized expense amounts related to the Supplemental Executive Retirement Plan:



	Fiscal Year Ended September 30,
	2019		2018		2017

	(in thousands)
Contributions to the Supplemental Executive Retirement Plan	$	509	$	483	$	536
Amortized expense due to Supplemental Executive Retirement Plan	474		476		544

Supplemental Consolidated Financial Information and Discontinued Operations - Jewelry Scrap Receivable (Details) $ in Millions	Sep. 30, 2019 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Potential exposure from refiner	$ 3.6

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of indefinite-lived intangible assets

The following table presents the balance of each major class of indefinite-lived intangible asset:



	September 30,
	2019		2018

	(in thousands)
Pawn licenses	$	9,517	$	9,527
Trade names	19,938		20,776
	$	29,455	$	30,303

Changes in the carrying value of goodwill, by segment

The following table presents the changes in the carrying value of goodwill by segment:



	U.S. Pawn		Latin America Pawn			Consolidated

	(in thousands)
Balances as of September 30, 2017	$	247,894	$	6,866		$	254,760
Acquisitions*	—		44,366			44,366
Effect of foreign currency translation changes	—		122			122
Balances as of September 30, 2018	$	247,894	$	51,354		$	299,248
Acquisitions*	3,858		(1,721		)	2,137
Effect of foreign currency translation changes	—		(858		)	(858		)
Balances as of September 30, 2019	$	251,752	$	48,775		$	300,527

As discussed in Note 1 and Note 2, certain adjustments were made to pawn service charges receivable, deferred taxes and associated goodwill balances.

Schedule of definite-lived intangible assets

The following table presents the gross carrying amount and accumulated amortization for each major class of definite-lived intangible asset:



	September 30,
	2019							2018
	Carrying Amount		Accumulated Amortization			Net Book Value		Carrying Amount		Accumulated Amortization			Net Book Value

	(in thousands)
Non-compete agreements	$	3,563	$	(3,399	)	$	164	$	3,626	$	(3,314	)	$	312
Internally developed software	59,436		(24,280		)	35,156		40,223		(17,512		)	22,711
Other	5,598		(2,329		)	3,269		3,826		(2,229		)	1,597
	$	68,597	$	(30,008	)	$	38,589	$	47,675	$	(23,055	)	$	24,620

Estimate of the amount and classification of amortization expense for definite-lived intangible assets

The following table presents our estimate of future amortization expense for definite-lived intangible assets:



Fiscal Year Ended September 30,	Amortization expense

	(in thousands)
2020	$	8,406
2021	7,422
2022	6,563
2023	4,456
2024	2,583

Quarterly Information (Unaudited) - Schedule of Quarterly Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Quarterly Information
Total revenues	$ 214,339	$ 202,465	$ 214,730	$ 215,695	$ 205,976	$ 199,612	$ 202,398	$ 204,170	$ 847,229	$ 812,156	$ 747,951
Net revenues	120,856	115,853	127,690	130,049	124,463	114,742	120,257	122,089	494,448	481,551	435,507
(Loss) income from continuing operations, net of tax	(592)	3,361	2,659	(3,660)	(807)	14,004	11,707	12,246	1,768	37,150	31,585
Loss (income) from discontinued operations, net of tax	(53)	(203)	(18)	(183)	(225)	91	(500)	(222)	(457)	(856)	(1,825)
Net income	(645)	3,158	2,641	(3,843)	(1,032)	14,095	11,207	12,024	1,311	36,294	29,760
Net income (loss) attributable to noncontrolling interest	0	0	(753)	(477)	360	(359)	(374)	(615)
Net income attributable to EZCORP, Inc.	$ (645)	$ 3,158	$ 3,394	$ (3,366)	$ (1,392)	$ 14,454	$ 11,581	$ 12,639	$ 2,541	$ 37,282	$ 31,410
Basic earnings per share attributable to EZCORP, Inc.:
Continuing operations (usd per share)	$ (0.01)	$ 0.06	$ 0.06	$ (0.06)	$ (0.02)	$ 0.26	$ 0.22	$ 0.24	$ 0.05	$ 0.70	$ 0.61
Discontinued operations (usd per share)	0	0	0	0	0	0	(0.01)	0	(0.01)	(0.02)	(0.03)
Basic earnings per share (usd per share)	(0.01)	0.06	0.06	(0.06)	(0.02)	0.26	0.21	0.24	0.04	0.68	0.58
Diluted earnings per share attributable to EZCORP, Inc.:
Continuing operations (usd per share)	(0.01)	0.06	0.06	(0.06)	(0.02)	0.25	0.21	0.23	0.05	0.66	0.61
Discontinued operations (usd per share)	0	0	0	0	0	0	(0.01)	0	(0.01)	(0.02)	(0.03)
Diluted earnings per share (usd per share)	$ (0.01)	$ 0.06	$ 0.06	$ (0.06)	$ (0.02)	$ 0.25	$ 0.20	$ 0.23	$ 0.04	$ 0.64	$ 0.58

Income Taxes - Foreign and Domestic Income Components (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Domestic			$ (9,609)	$ 28,645	$ 29,598
Foreign			13,783	26,894	13,080
Income from continuing operations before income taxes	$ (4,718)	$ 19,709	$ 4,174	$ 55,539	$ 42,678

Supplemental Consolidated Financial Information and Discontinued Operations - Supplemental Consolidated Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 157,567		$ 285,311	$ 112,957
Restricted cash	4,875		267
Cash and cash equivalents and restricted cash	162,442		285,578		$ 163,869	$ 72,531
Gross pawn service charges receivable	41,838		40,719
Allowance for uncollectible pawn service charges receivable	(10,036)		(9,760)
Pawn service charges receivable, net	31,802		30,959
Gross inventory	189,092		176,198
Inventory reserves	(9,737)		(9,201)
Inventory, net	179,355		166,997
Prepaid expenses and other	4,784		9,402
Accounts receivable and other	10,889		18,901
Income taxes prepaid and receivable	10,248		2,334
2019 Convertible Notes Hedges	0		2,552
Prepaid expenses and other current assets	30,796	$ 31,483	33,456	26,394
Property and equipment, gross	265,922		253,022
Accumulated depreciation	(198,565)		(179,373)
Property and equipment, net	67,357		73,649
Accounts payable	25,946		10,500
Accrued payroll	6,149		6,294
Bonus accrual	9,901		12,738
Other payroll related expenses	5,040		2,963
Accrued interest	2,793		3,835
Accrued rent and property taxes	11,702		12,106
Accrued sales and VAT taxes	10,680		1,319
Deferred revenues	2,929		2,747
Other accrued expenses	2,510		2,659
Income taxes payable	307		2,797
Account payable, accrued expenses and other current liabilities	77,957	$ 57,380	57,958	$ 60,134
Unrecognized tax benefits, non-current	1,362		1,148
Other long-term liabilities	5,940		5,742
Other long-term liabilities	$ 7,302		$ 6,890

Segment Information - Reconciliation of Segment Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Pawn loans	$ 199,058	$ 198,463
Pawn service charges receivable, net	31,802	30,959
Inventory, net	179,355	166,997
Total assets	1,083,702	1,241,780
Operating Segments \| U.S. Pawn
Segment Reporting Information [Line Items]
Pawn loans	157,408	154,986
Pawn service charges receivable, net	27,623	26,380
Inventory, net	142,266	135,154
Total assets	635,152	624,174
Operating Segments \| Latin America Pawn
Segment Reporting Information [Line Items]
Pawn loans	41,650	43,477
Pawn service charges receivable, net	4,179	4,579
Inventory, net	37,089	31,843
Total assets	202,565	185,631
Other assets not identified in table above	205,300
Operating Segments \| Other International
Segment Reporting Information [Line Items]
Pawn loans	0	0
Pawn service charges receivable, net	0	0
Inventory, net	0	0
Total assets	35,041	56,776
Corporate
Segment Reporting Information [Line Items]
Pawn loans	0	0
Pawn service charges receivable, net	0	0
Inventory, net	0	0
Total assets	$ 210,944	$ 375,199

Supplemental Consolidated Financial Information and Discontinued Operations (Tables)

12 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Information on net amounts included in the balance sheets

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



	September 30,
	2019			2018

	(in thousands)
Cash and cash equivalents	$	157,567		$	285,311
Restricted cash	4,875			267
Cash and cash equivalents and restricted cash	$	162,442		$	285,578

Gross pawn service charges receivable	$	41,838		$	40,719
Allowance for uncollectible pawn service charges receivable	(10,036		)	(9,760		)
Pawn service charges receivable, net	$	31,802		$	30,959

Gross inventory	$	189,092		$	176,198
Inventory reserves	(9,737		)	(9,201		)
Inventory, net	$	179,355		$	166,997

Prepaid expenses and other	$	4,784		$	9,402
Accounts receivable and other	10,889			18,901
Income taxes prepaid and receivable	10,248			2,334
Restricted cash	4,875			267
2019 Convertible Notes Hedges	—			2,552
Prepaid expenses and other current assets	$	30,796		$	33,456

Property and equipment, gross	$	265,922		$	253,022
Accumulated depreciation	(198,565		)	(179,373		)
Property and equipment, net	$	67,357		$	73,649

Accounts payable	$	25,946		$	10,500
Accrued payroll	6,149			6,294
Bonus accrual	9,901			12,738
Other payroll related expenses	5,040			2,963
Accrued interest	2,793			3,835
Accrued rent and property taxes	11,702			12,106
Accrued sales and VAT taxes	10,680			1,319
Deferred revenues	2,929			2,747
Other accrued expenses	2,510			2,659
Income taxes payable	307			2,797
Account payable, accrued expenses and other current liabilities	$	77,957		$	57,958

Unrecognized tax benefits, non-current	$	1,362		$	1,148
Other long-term liabilities	5,940			5,742
Other long-term liabilities	$	7,302		$	6,890

Valuation and qualifying accounts

The following table provides information on our valuation and qualifying accounts not disclosed elsewhere:



			Additions
Description	Balance at Beginning of Period		Charged to Expense		Charged to Revenue		Deductions		Balance at End of Period

	(in thousands)
Allowance for valuation of inventory:
Year Ended September 30, 2019	$	9,201	$	536	$	—	$	—	$	9,737
Year Ended September 30, 2018	6,801		2,400		—		—		9,201
Year Ended September 30, 2017	6,143		658		—		—		6,801
Allowance for uncollectible pawn service charges receivable:
Year Ended September 30, 2019	$	9,760	$	—	$	276	$	—	$	10,036
Year Ended September 30, 2018	9,129		—		631		—		9,760
Year Ended September 30, 2017	8,965		—		164		—		9,129
Allowance for uncollectible consumer loan fees and interest receivable:
Year Ended September 30, 2019	$	331	$	—	$	209	$	—	$	540
Year Ended September 30, 2018	283		—		48		—		331
Year Ended September 30, 2017	241		—		42		—		283
Allowance for valuation of deferred tax assets:
Year Ended September 30, 2019	$	20,254	$	—	$	—	$	2,160	$	18,094
Year Ended September 30, 2018	17,860		2,394		—		—		20,254
Year Ended September 30, 2017	21,078		—		—		3,218		17,860

Cover Page - USD ($) $ in Millions	12 Months Ended
Cover Page - USD ($) $ in Millions	Sep. 30, 2019	Nov. 25, 2019	Mar. 31, 2019
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	0-19424
Entity Registrant Name	EZCORP, INC.
Entity Central Index Key	0000876523
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	74-2540145
Entity Address, Address Line One	2500 Bee Cave Road
Entity Address, Address Line Two	Bldg One
Entity Address, Address Line Three	Suite 200
Entity Address, City or Town	Rollingwood
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78746
City Area Code	512
Local Phone Number	314-3400
Title of 12(b) Security	Class A Non-voting Common Stock, $.01 par value per share
Trading Symbol	EZPW
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 472
Documents Incorporated by Reference	None
Common Stock Class A Non-Voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		52,565,064
Common Stock Class B Voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,970,171

Strategic Investments (Tables)

12 Months Ended

Sep. 30, 2019

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 September 30, 2019, 2018 and 2017 as applicable after translation to U.S. dollars:



	June 30,
	2019		2018

	(in thousands)
Current assets	$	173,826	$	229,105
Non-current assets	152,483		148,195
Total assets	$	326,309	$	377,300

Current liabilities	$	77,434	$	122,924
Non-current liabilities	26,163		15,449
Shareholders’ equity	222,712		238,927
Total liabilities and shareholders’ equity	$	326,309	$	377,300



	Fiscal Year Ended June 30,
	2019			2018		2017

	(in thousands)
Gross revenues	$	201,365		$	201,800	$	204,509
Gross profit	111,932			128,366		130,943
Net (loss) profit	(1,210		)	17,443		15,546

Leases

12 Months Ended

Sep. 30, 2019

Leases [Abstract]

Leases

NOTE 12: LEASES

We lease and sublease various facilities and certain equipment under operating and capital leases. Future minimum rentals due under non-cancelable leases and annual future minimum rentals expected under subleases are as follows:



Fiscal Year Ended September 30,	Operating Lease Payments		Sublease Revenue

	(in thousands)
2020	$	69,291	$	3,028
2021	60,588		3,228
2022	46,720		3,001
2023	32,062		2,511
2024	19,969		839
Thereafter	39,256		—
	$	267,886	$	12,607

After an initial lease term of generally three to 10 years, our real property lease agreements typically allow renewals in three to five-year increments. Our lease agreements generally include rent escalations throughout the initial lease term. Rent escalations are included in the above amounts, with certain future rental payments contingent on increases in a consumer price index. For financial reporting purposes, the aggregate rentals over the lease term, including lease renewal options that are reasonably assured, are expensed on a straight-line basis.

The following table presents the amount of net rent recognized as expense:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands)
Gross rent expense from continuing operations	$	65,295		$	61,821		$	56,794
Sublease rent revenue from continuing operations	(35		)	(109		)	(56		)
Net rent expense from continuing operations	$	65,260		$	61,712		$	56,738

In December 2014, we entered into a non-cancelable 13-year operating lease for our corporate offices, with rent payments beginning February 2016 and ending March 2029. Annual rent, net of square footage subsequently terminated as a result of negotiations with the landlord, escalated from $2.5 million at lease inception to $3.9 million in the terminal year of the lease.

The lease includes two five-year extension options at the end of the initial lease term. The estimated minimum future rental payments under the lease are approximately $38.1 million. During fiscal 2017 and 2016, we initiated subleases for a portion of our corporate operating office lease for estimated minimum future sublease payments of approximately $12.2 million. In addition to the above subleases, during fiscal 2018 we entered into an amendment to the operating lease surrendering another

15% of the initial leased premises. As a result, sublease payments are expected to fully offset our original operating lease obligations through August 2023, with renewal options available until the end of the master operating lease in March 2029.

During the second quarter of fiscal 2015, we entered into cancelable subleases for our Miami office and a non-cancelable Mexico City sublease for an estimated minimum future sublease payment of approximately $4.6 million. Sublease payments are expected to offset substantially all of our original operating lease obligations over the nine-year period beginning March 2015 and ending September 2024 in the case of the Miami lease. The sublease tenant elected to terminate the lease early, effective October 31, 2018 and paid $0.7 million as result of the buyout clause. We entered into a new sublease effective June 2019 to September 2024. Sublease payments are expected to offset substantially all of our original operating lease obligations.

The Mexico City lease and sublease expired in fiscal 2019.

Debt - 2019 Convertible Notes Hedges and Warrants (Details) - Net-share-settled Warrants - Common Class A $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2019 USD ($) $ / shares shares
Debt Instrument [Line Items]
Maximum shares called by warrant (shares)	14.3
Strike price for warrants (usd per share) \| $ / shares	$ 20.83
Reclassification of 2019 Convertible Notes Warrants to liabilities \| $	$ 25.1
Warrants outstanding (shares)	8.8

Segment Information - Revenues and Long-Lived Assets by Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 214,339	$ 202,465	$ 214,730	$ 215,695	$ 205,976	$ 199,612	$ 202,398	$ 204,170	$ 847,229	$ 812,156	$ 747,951
Long-lived assets	67,357				73,649				67,357	73,649
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues									650,413	635,780	638,945
Long-lived assets	43,274				52,310				43,274	52,310
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues									138,897	122,702	101,020
Long-lived assets	18,566				18,497				18,566	18,497
Other Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues									52,288	45,554	0
Long-lived assets	5,432				2,489				5,432	2,489
Canada and other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues									5,631	8,120	$ 7,986
Long-lived assets	$ 85				$ 353				$ 85	$ 353

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Sep. 30, 2018
Common Stock Class A Non-Voting
Stockholders’ equity:
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	100,000,000	100,000,000
Common Stock, shares issued	52,565,064	51,614,746
Common Stock, shares outstanding	52,565,064	51,614,746
Common Stock Class B Voting
Stockholders’ equity:
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	3,000,000	3,000,000
Common Stock, shares issued	2,970,171	2,970,171
Common Stock, shares outstanding	2,970,171	2,970,171

Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Thousands

Total

Common Stock

Additional Paid-in Capital

Retained Earnings

Accumulated Other Comprehensive (Loss) Income

Noncontrolling Interest

Beginning balance (shares) at Sep. 30, 2016

^[1]

54,099

Beginning balance at Sep. 30, 2016

^[1]

$ 591,142

$ 541

$ 318,723

$ 316,476

$ (43,820)

$ (778)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock compensation

5,831

Release of restricted stock (shares)

299

Release of restricted stock

$ 3

(767)

Reclassification of 2019 Convertible Notes Warrants to liabilities

(523)

Foreign currency translation gain (loss)

5,642

5,663

(21)

Foreign currency translation reclassification upon disposition of Grupo Finmart

25,268

Net income (loss)

29,759

31,409

(1,650)

Ending balance (shares) at Sep. 30, 2017

54,398

Ending balance at Sep. 30, 2017

656,355

$ 544

348,532

347,885

(38,157)

(2,449)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock compensation

10,711

Release of restricted stock (shares)

187

Release of restricted stock

$ 2

(311)

Reclassification of stranded tax effects resulting from the Tax Cuts and Jobs Act

1,455

(1,455)

Foreign currency translation gain (loss)

(2,638)

(2,744)

106

Equity classified conversion feature of 2024 Convertible Notes, net of tax

38,995

Net income (loss)

36,294

37,282

(988)

Ending balance (shares) at Sep. 30, 2018

54,585

Ending balance at Sep. 30, 2018

739,408

$ 546

397,927

386,622

(42,356)

(3,331)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock compensation

9,794

Transfer of subsidiary shares to noncontrolling interest

3,195

(3,195)

Release of restricted stock (shares)

950

Release of restricted stock

$ 10

(3,288)

Foreign currency translation gain (loss)

(10,042)

Deconsolidation of subsidiary

7,756

Net income (loss)

1,311

2,541

(1,230)

Ending balance (shares) at Sep. 30, 2019

55,535

Ending balance at Sep. 30, 2019

$ 744,949

$ 556

$ 407,628

$ 389,163

$ (52,398)

$ 0

[1]	See Note 1 of Notes to Consolidated Financial Statements for discussion of opening balance impact as a result of corrections to prior period financial statements.

Leases (Tables)

12 Months Ended

Sep. 30, 2019

Leases [Abstract]

Schedule of future minimum payments and sublease revenue

Future minimum rentals due under non-cancelable leases and annual future minimum rentals expected under subleases are as follows:



Fiscal Year Ended September 30,	Operating Lease Payments		Sublease Revenue

	(in thousands)
2020	$	69,291	$	3,028
2021	60,588		3,228
2022	46,720		3,001
2023	32,062		2,511
2024	19,969		839
Thereafter	39,256		—
	$	267,886	$	12,607

Schedule of rent expense

The following table presents the amount of net rent recognized as expense:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands)
Gross rent expense from continuing operations	$	65,295		$	61,821		$	56,794
Sublease rent revenue from continuing operations	(35		)	(109		)	(56		)
Net rent expense from continuing operations	$	65,260		$	61,712		$	56,738

Quarterly Information (Unaudited)

12 Months Ended

Sep. 30, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Information (Unaudited)

NOTE 17: QUARTERLY INFORMATION (UNAUDITED)

We revised certain historical amounts below as further described in Note 1.



	First Quarter			Second Quarter			Third Quarter			Fourth Quarter

	(in thousands, except per share amounts)
Year Ended September 30, 2019
Total revenues	$	215,695		$	214,730		$	202,465		$	214,339
Net revenues	130,049			127,690			115,853			120,856
(Loss) income from continuing operations, net of tax	(3,660		)	2,659			3,361			(592		)
Loss from discontinued operations, net of tax	(183		)	(18		)	(203		)	(53		)
Net (loss) income	(3,843		)	2,641			3,158			(645		)
Net loss attributable to noncontrolling interest	(477		)	(753		)	—			—
Net (loss) income attributable to EZCORP, Inc.	$	(3,366	)	$	3,394		$	3,158		$	(645	)

Basic earnings per share attributable to EZCORP, Inc.:
Continuing operations	$	(0.06	)	$	0.06		$	0.06		$	(0.01	)
Discontinued operations	—			—			—			—
Basic earnings per share	$	(0.06	)	$	0.06		$	0.06		$	(0.01	)

Diluted earnings per share attributable to EZCORP, Inc.:
Continuing operations	$	(0.06	)	$	0.06		$	0.06		$	(0.01	)
Discontinued operations	—			—			—			—
Diluted earnings per share	$	(0.06	)	$	0.06		$	0.06		$	(0.01	)



	First Quarter			Second Quarter			Third Quarter			Fourth Quarter

	(in thousands, except per share amounts)
Year Ended September 30, 2018
Total revenues	$	204,170		$	202,398		$	199,612		$	205,976
Net revenues	122,089			120,257			114,742			124,463
(Loss) income from continuing operations, net of tax	12,246			11,707			14,004			(807		)
(Loss) income from discontinued operations, net of tax	(222		)	(500		)	91			(225		)
Net (loss) income	12,024			11,207			14,095			(1,032		)
Net income (loss) attributable to noncontrolling interest	(615		)	(374		)	(359		)	360
Net (loss) income attributable to EZCORP, Inc.	$	12,639		$	11,581		$	14,454		$	(1,392	)

Basic earnings per share attributable to EZCORP, Inc.:
Continuing operations	$	0.24		$	0.22		$	0.26		$	(0.02	)
Discontinued operations	—			(0.01		)	—			—
Basic earnings per share	$	0.24		$	0.21		$	0.26		$	(0.02	)

Diluted earnings per share attributable to EZCORP, Inc.:
Continuing operations	$	0.23		$	0.21		$	0.25		$	(0.02	)
Discontinued operations	—			(0.01		)	—			—
Diluted earnings per share	$	0.23		$	0.20		$	0.25		$	(0.02	)

Fiscal 2019 Quarterly Impacts

In the fourth quarter of fiscal 2019, RDC received a qualified third-party investment causing recognition of a loss of $1.9 million on expiration of our call option.

In the third quarter of fiscal 2019, we recorded a $6.1 million adjustment in our Latin America segment to correct the calculation of certain transaction tax liabilities in prior periods, comprised of a $4.6 million reduction in merchandise sales and a $1.5 million increase in interest expense.

In the first quarter of fiscal 2019 as a result of our principal scrap jewelry refiner announcing Chapter 11 bankruptcy restructuring proceedings in the U.S., we recorded a reserve of $4.4 million which is included in "Loss on sale or disposal of assets and other" in our consolidated statements, of which $0.8 million was recovered in the second quarter of fiscal 2019 and included in "Loss on sale or disposal of assets and other."

In the first and second quarters of fiscal 2019, we recorded impairments of $13.3 million ($10.3 million, net of taxes) and $6.5 million ($5.0 million, net of taxes), respectively, of our investment in Cash Converters International.

Fiscal 2018 Quarterly Impacts

In the fourth quarter of fiscal 2018, we recorded an $11.7 million impairment ($9.2 million net of tax) of our investment in Cash Converters International.

During the first and third quarters of fiscal 2018, we recorded a $1.6 million and $3.3 million benefit, respectively, associated with the expiration of a statute of limitations on uncertain tax positions included under “Income tax expense” in our consolidated statements of operations. Additionally, in the first and fourth quarters of fiscal 2018 we recorded $2.8 million and $1.9 million, respectively, for the revaluation of our deferred tax assets and liabilities upon enactment of the Tax Cuts and Jobs Act of 2017 included under "Income tax expense" in our consolidated statements of operations.

Interest expense during our third and fourth quarters of fiscal 2018 began trending higher as a result of the issuance of 2025 Convertible Notes as further discussed in Note 8.

In the third quarter of fiscal 2018, we settled a derivative action originally filed July 2014 with a total of $6.5 million paid into a settlement fund. After payment of an approved $1.3 million fee award to the plaintiff's attorneys, the remaining $5.2 million of the settlement fund was paid to the Company because, as a derivative action, the lawsuit was brought on behalf of the Company. We recorded that amount under "Other (income) expense" in our consolidated statements of operations for the third quarter of fiscal 2018.

Property and Equipment (Tables)

12 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Major classifications of property and equipment

Major classifications of property and equipment were as follows:



	September 30,
	2019							2018
	Carrying Amount		Accumulated Depreciation			Net Book Value		Carrying Amount		Accumulated Depreciation			Net Book Value

	(in thousands)
Land	$	4	$	—		$	4	$	4	$	—		$	4
Buildings and improvements	103,486		(68,895		)	34,591		97,236		(60,459		)	36,777
Furniture and equipment	127,531		(96,142		)	31,389		119,975		(85,737		)	34,238
Software	34,245		(33,528		)	717		34,178		(33,177		)	1,001
In progress	656		—			656		1,629		—			1,629
	$	265,922	$	(198,565	)	$	67,357	$	253,022	$	(179,373	)	$	73,649

Stock Compensation

12 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Stock Compensation

NOTE 9: 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”). The 2010 Plan permits grants of options, restricted stock awards and stock appreciation rights covering up to 5,485,649 shares of our Class A Common Stock plus any shares that become available for issuance under either the 2010 Plan or prior plans as a result of forfeitures or cancellations of awards without delivery of shares or as a result of withholding shares to satisfy tax withholding obligations. In February 2015, March 2015, March 2016, December 2016, December 2017 and November 2018, the Board of Directors and the voting stockholder approved the addition of 643,673, 1,081,200, 185,026, 500,000, 1,100,000 and 400,000 shares, respectively, to the 2010 Plan.

In April and May 2019, we granted our seven new non-employee directors a total of 60,088 restricted stock awards with a grant date fair value of primarily $10.64 per share. In November 2018, we granted 59,812 restricted stock awards to non-employee directors with a grant date fair value of $9.18 per share. The awards granted to non-employee directors vested on September 30, 2019 and were subject only to service conditions. In July 2019 and November 2018, we granted 61,138 and 971,615, respectively, restricted stock unit awards to employees with a grant date fair value of primarily $10.04 and $9.18 per share, respectively. The awards granted to employees vest on September 30, 2021, subject to the achievement of certain adjusted net income and adjusted diluted earnings per share performance targets. As of September 30, 2019, we considered the achievement of these performance targets probable. The number of long-term incentive award shares and units granted are generally determined based on our share price as of the close on the last trade day immediately preceding October 1 each year, which was $10.70 for these fiscal 2019 awards.

In December 2017, we granted 1,308,533 restricted stock unit awards to team members 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 the close on the last trade day immediately preceding October 1 each year, which was $9.50 for these fiscal 2018 awards. For the awards granted to team members, 190,725 vested on September 30, 2018 as later approved by the compensation committee of the board of directors in November 2018 with regard to achievement of earnings before interest, taxes, depreciation and amortization ("EBITDA") performance targets, and 1,117,808 will vest on September 30, 2020, subject to the achievement of certain EBITDA performance targets. As of September 30, 2019, we considered the achievement of these performance targets probable. The awards granted to non-employee directors vested on September 30, 2018 and were subject only to service conditions.

In November and December 2016 and April 2017, we granted 931,260 restricted stock unit awards to team members and 72,500 restricted stock awards to non-employee directors, each with a grant date fair value of approximately $9.60 per share. Our long-term incentive awards are generally granted based on our share price as of the close on the last trade day immediately preceding October 1 each year, which was $11.06 for these fiscal 2017 awards. The awards granted to team members vest on September 30, 2019, subject to the achievement of certain EBITDA performance targets. As of September 30, 2019, we considered the achievement of these performance targets to be probable. The awards granted to non-employee directors vested over two years, 50% on September 30, 2017 and 50% on September 30, 2018 and were subject only to service conditions.

As of September 30, 2019, the unamortized fair value, exclusive of forfeitures, of share awards to be amortized over their remaining vesting periods was approximately $9.1 million. The weighted-average period over which these costs will be amortized is approximately two years.

The following table presents amounts related to our stock compensation arrangements:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands)
Share-based compensation costs	$	9,751		$	10,784		$	5,866
Income tax benefits on share-based compensation	(1,098		)	(1,656		)	(2,053		)

The following table presents a summary of stock compensation activity:



	Shares		Weighted Average Grant Date Fair Value

Outstanding as of September 30, 2018	3,555,725		$	7.76
Granted	1,152,653		9.29
Vested and released (a)	(1,314,905	)	5.91
Forfeited	(368,319	)	6.65
Outstanding as of September 30, 2019	3,025,154		$	9.29


(a)	360,489 shares were withheld to satisfy related federal income tax withholding.

The following table presents a summary of the fair value of shares granted:



	Fiscal Year Ended September 30,
	2019		2018		2017

	(in millions except per share amounts)
Weighted average grant-date fair value per share granted (a)	$	9.29	$	9.75	$	9.57
Total grant date fair value of shares vested	$	11.8	$	2.3	$	3.8


(a)	Awards with performance and time-based vesting provisions are generally valued based upon the underlying share price as of the issuance date.

Other

We have not declared or paid any dividends and currently do not anticipate paying any dividends in the immediate future. As described in Note 8, payment of a dividend requires an adjustment to the conversion rate of our Convertible Notes. Should we pay dividends in the future, our certificate of incorporation provides that cash dividends on common stock, when declared, must be declared and paid at the same per share amounts on both classes of stock. Any future determination to pay cash dividends will be at the discretion of our Board of Directors.

Subsequent Events	12 Months Ended
Subsequent Events	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	NOTE 18: SUBSEQUENT EVENTS Cash Converters International Limited Subsequent to September 30, 2019 (on October 21, 2019), Cash Converters International agreed to settle the sole remaining class action lawsuit previously filed on behalf of borrowers residing in Queensland, Australia who took out personal loans from Cash Converters between July 30, 2009 and June 30, 2013. Cash Converters International agreed to pay AUD $42.5 million, subject to court approval. We estimate recording a charge of approximately $10.0 million for our share of the settlement from Cash Converters International in fiscal 2020 related to this event, in addition to our regularly included share of their earnings. Cash Converters International has indicated that it expects to pay the settlement amount with cash on hand and cash flow from operations.

Debt

12 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Debt

NOTE 8: DEBT

The following tables present our debt instruments outstanding, contractual maturities and interest expense:



	September 30, 2019								September 30, 2018
	Gross Amount		Debt Discount and Issuance Costs			Carrying Amount			Gross Amount		Debt Discount and Issuance Costs			Carrying Amount

	(in thousands)
2019 Convertible Notes	$	—	$	—		$	—		$	195,000	$	(7,567	)	$	187,433
2019 Convertible Notes Embedded Derivative	—		—			—			2,552		—			2,552
2024 Convertible Notes	143,750		(32,439		)	111,311			143,750		(37,892		)	105,858
2025 Convertible Notes	172,500		(46,290		)	126,210			172,500		(52,764		)	119,736
8.5% unsecured debt due 2024*	1,092		—			1,092			1,304		—			1,304
CASHMAX secured borrowing facility*	634		(653		)	(19		)	—		—			—
Total	$	317,976	$	(79,382	)	$	238,594		$	515,106	$	(98,223	)	$	416,883
Less current portion	214		—			214			197,748		(7,567		)	190,181
Total long-term debt	$	317,762	$	(79,382	)	$	238,380		$	317,358	$	(90,656	)	$	226,702


*	Amounts translated from Guatemalan quetzals and Canadian dollars as of the applicable period end. Certain disclosures omitted due to materiality considerations.



	Schedule of Contractual Maturities
	Total		Less Than 1 Year		1 - 3 Years		3 - 5 Years		More Than 5 Years

	(in thousands)
2024 Convertible Notes*	143,750		—		—		143,750		—
2025 Convertible Notes*	172,500		—		—		—		172,500
8.5% unsecured debt due 2024	1,092		214		430		448		—
CASHMAX secured borrowing facility	$	634	$	—	$	634	$	—	$	—
	$	317,976	$	214	$	1,064	$	144,198	$	172,500


*	Excludes the potential impact of embedded derivatives.



	Fiscal Year Ended September 30,
	2019		2018		2017

	(in thousands)
Term Loan Facility:
Contractual interest expense	$	—	$	—	$	4,345
Amortization of debt discount and deferred financing costs	—		—		359
Total interest expense	$	—	$	—	$	4,704

2019 Convertible Notes:
Contractual interest expense	$	3,074	$	4,144	$	4,741
Amortization of debt discount and deferred financing costs	7,556		9,952		10,759
Total interest expense	$	10,630	$	14,096	$	15,500

2024 Convertible Notes:
Contractual interest expense	$	4,133	$	4,133	$	987
Amortization of debt discount and deferred financing costs	5,452		5,057		1,067
Total interest expense	$	9,585	$	9,190	$	2,054

2025 Convertible Notes:
Contractual interest expense	$	4,097	$	1,559	$	—
Amortization of debt discount and deferred financing costs	6,468		2,383		—
Total interest expense	$	10,565	$	3,942	$	—

2.375% Convertible Senior Notes Due 2025

In May 2018, we issued $172.5 million aggregate principal amount of 2.375% Convertible Senior Notes Due 2025 (the “2025 Convertible Notes”). All of the 2025 Convertible Notes were issued pursuant to an indenture dated May 14, 2018 (the "2018 Indenture") by and between us and Wells Fargo Bank, National Association, as the trustee. Effective October 1, 2019, Branch Banking and Trust Company (“BB&T”), a North Carolina Bank, has assumed the duties and responsibilities as trustee under the 2018 Indenture.

The 2025 Convertible Notes were issued in a private offering and resold under Rule 144A under the Securities Act of 1933. The 2025 Convertible Notes pay interest semi-annually in arrears at a rate of 2.375% per annum on May 1 and November 1 of each year, commencing November 1, 2018, and will mature on May 1, 2025 (the "2025 Maturity Date"), unless converted, redeemed or repurchased in accordance with their terms prior to such date. At maturity, the holders of the 2025 Convertible Notes will be entitled to receive cash equal to the principal amount of the 2025 Convertible Notes plus unpaid accrued interest.

The 2025 Convertible Notes are convertible based on an initial conversion rate of 62.8931 shares of Class A Non-Voting Common Stock (“Class A Common Stock”) per $1,000 principal amount (equivalent to an initial conversion price of $15.90 per share). The conversion rate will not be adjusted for any accrued and unpaid interest. The 2025 Convertible Notes contain certain make-whole fundamental change premiums and customary anti-dilution adjustments. Upon conversion, we may settle in cash, shares of Class A Common Stock or any combination thereof, at our election. We account for the Class A Common Stock issuable upon conversion under the treasury stock method. If our average share price is over $15.90 per share for any fiscal quarter, we are required to recognize incremental dilution of our earnings per share.

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

Maturity Date, holders of 2025 Convertible Notes may, at their option, convert their 2025 Convertible Notes at any time, regardless of the foregoing circumstances.

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

We measured the fair value of the liability component of the 2025 Convertible Notes under a discounted cash flow approach considering our synthetic credit rating, as determined with external consultation, including inputs that are not observable in the market. The fair value of the liability component was estimated by calculating the present value of the cash flows using a discount rate of 8% for a similarly structured liability with no conversion feature, maturing in seven years. Our estimate resulted in an initial carrying value of the liability component of the 2025 Convertible Notes of $121.3 million with an associated original issue discount of $51.2 million, exclusive of deferred financing costs, accreted to the face value of the 2025 Convertible Notes based on the effective interest method through the 2025 Maturity Date. The carrying amount of the 2025 Convertible Notes conversion feature (the “2025 Convertible Notes Embedded Derivative”) is currently included under “Additional paid-in capital” in our consolidated balance sheets of September 30, 2019 and was initially calculated as $49.6 million ($39.1 million, net of tax). The 2025 Convertible Notes Embedded Derivative is expected to remain recorded in equity in our consolidated balance sheets as long as it continues to meet the criteria as an equity-classified instrument in subsequent reporting periods.

We incurred transaction costs of $5.5 million related to the issuance of the 2025 Convertible Notes, which we recorded as deferred financing costs and are included under “Long-term debt, net” and “Additional paid-in capital” in our consolidated balance sheets.

The effective interest rate for fiscal 2019 was approximately 9%. As of September 30, 2019, the remaining unamortized debt discount and issuance costs will be amortized through the 2025 Maturity Date assuming no early conversion.

As of September 30, 2019, the 2025 Convertible Notes were not convertible as no conditions of conversion had been met. Accordingly, the net balance of the 2025 Convertible Notes was classified as a non-current liability in our consolidated balance sheets as of September 30, 2019. The classification of the 2025 Convertible Notes as current or non-current in the consolidated balance sheets is evaluated at each balance sheet date and may change from time to time depending on whether any of the conversion conditions has been met.

If one of the conversion conditions is met in any future fiscal quarter, we will classify our net liability under the 2025 Convertible Notes as a current liability in the consolidated balance sheets as of the end of that fiscal quarter. If none of the conversion conditions have been met in a future fiscal quarter prior to the one-year period immediately preceding the 2025 Maturity Date, we will classify our net liability under the 2025 Convertible Notes as a non-current liability in the consolidated balance sheets as of the end of that fiscal quarter. If the note holders elect to convert their 2025 Convertible Notes prior to maturity, any unamortized discount and transaction costs will be recognized as expense at the time of conversion. If the entire outstanding principal amount had been converted on September 30, 2019, we would have recorded an expense associated with the conversion, comprised of $46.3 million of unamortized debt discount and issuance costs. As of September 30, 2019, none of the note holders had elected to convert their 2025 Convertible Notes. As of September 30, 2019, the if-converted value of the 2025 Convertible Notes did not exceed the principal amount.

2.875% Convertible Senior Notes Due 2024

In July 2017, we issued $143.75 million aggregate principal amount of 2.875% Convertible Senior Notes Due 2024 (the “2024 Convertible Notes”). 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. Effective October 1, 2019, BB&T has assumed the duties and responsibilities as trustee under the 2017 Indenture.

The 2024 Convertible Notes were issued in a private offering and resold 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 will mature on July 1, 2024 (the “2024 Maturity Date”), unless converted, redeemed or repurchased in accordance with their terms prior to such date. At maturity, the holders of the 2024 Convertible Notes will be entitled to receive cash equal to the principal amount of the 2024 Convertible Notes plus unpaid accrued interest.

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

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

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

We measured the fair value of the liability component of the 2024 Convertible Notes under a discounted cash flow approach considering our synthetic credit rating, as determined with external consultation, including inputs that are not observable in the market. The fair value of the liability component was estimated by calculating the present value of the cash flows using discount rates slightly above 8% for a similarly structured liability with no conversion feature, maturing in seven years. Our estimate resulted in an initial carrying value of the liability component of the 2024 Convertible Notes of $102.7 million with an associated original issue discount of $41.0 million, exclusive of deferred financing costs, accreted to the face value of the 2024 Convertible Notes based on the effective interest method through the 2024 Maturity Date.

We accounted for the conversion feature of the 2024 Convertible Notes as a separate equity-classified instrument (the “2024 Convertible Notes Embedded Derivative”), initially recorded as $39.8 million ($25.3 million, net of tax), inclusive of deferred financing costs, on the issuance date and included under “Additional paid-in capital” in our consolidated balance sheet, including an allocated portion of the deferred financing costs. The 2024 Convertible Notes Embedded Derivative is expected to remain recorded in equity in our consolidated balance sheets as long as it continues to meet the criteria as an equity-classified instrument in subsequent reporting periods. The carrying amount of the 2024 Convertible Notes Embedded Derivative included under “Additional paid-in capital” in our consolidated balance sheet of September 30, 2019 was $25.3 million.

We incurred transaction costs of $4.2 million related to the issuance of the 2024 Convertible Notes, which we recorded as deferred financing costs and are included under “Long-term debt, net” and “Additional paid-in capital” in our consolidated balance sheets. Deferred financing costs recorded under “Long-term debt, net” are being amortized to interest expense over the expected term of the 2024 Convertible Notes.

As of September 30, 2019, the 2024 Convertible Notes were not convertible as no conditions of conversion had been met. Accordingly, the net balance of the 2024 Convertible Notes was classified as a non-current liability in our consolidated balance sheets as of September 30, 2019. The classification of the 2024 Convertible Notes as current or non-current in the consolidated balance sheets is evaluated at each balance sheet date and may change from time to time depending on whether any of the conversion conditions has been met.

If one of the conversion conditions is met in any future fiscal quarter, we will classify our net liability under the 2024 Convertible Notes as a current liability in the consolidated balance sheets as of the end of that fiscal quarter. If none of the conversion conditions have been met in a future fiscal quarter prior to the one-year period immediately preceding the 2024 Maturity Date, we will classify our net liability under the 2024 Convertible Notes as a non-current liability in the consolidated balance sheets as of the end of that fiscal quarter. If the note holders elect to convert their 2024 Convertible Notes prior to maturity, any unamortized discount and transaction costs will be recognized as expense at the time of conversion. If the entire outstanding principal amount had been converted on September 30, 2019, we would have recorded an expense associated with the conversion, comprised of $32.4 million of unamortized debt discount and issuance costs. As of September 30, 2019, none of the note holders had elected to convert their 2024 Convertible Notes. As of September 30, 2019, the if-converted value of the 2024 Convertible Notes did not exceed the principal amount.

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 being 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. The 2019 Convertible Notes were issued pursuant to an indenture dated June 23, 2014 (the “2014 Indenture”) by and between EZCORP 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 paid interest semi-annually in arrears at a rate of 2.125% per annum on June 15 and December 15 of each year. The 2019 Convertible Notes matured on June 15, 2019 (the "2019 Maturity Date"), and the remaining $195.0 million aggregate principal amount outstanding plus accrued interest was repaid using cash on hand. The effective interest rate for fiscal 2019 was approximately 8%. The cash-settled call options (the “2019 Convertible Notes Hedges”) purchased in conjunction with the issuance of the 2019 Convertible Notes expired worthless.

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 for the purchase of up to approximately 14.3 million shares of our Class A Common Stock at a strike price of $20.83 per share, for total proceeds of $25.1 million, net of issuance costs, which was recorded as an increase in stockholders' equity. The 2019 Convertible Notes Warrants have customary anti-dilution provisions similar to those in the 2019 Convertible Notes. As a result of the 2019 Convertible Notes Warrants, we will experience dilution to our diluted earnings per share if our average closing stock price exceeds $20.83 for any fiscal quarter before expiration of the warrants. The 2019 Convertible Notes Warrants expire on various dates from September 2019 through May 2020 and, if exercised, must be settled in net shares of our Class A Common Stock. Therefore, upon expiration of the 2019 Convertible Notes Warrants, we would issue shares of Class A Common Stock to the purchasers of the 2019 Convertible Notes Warrants that represent the value by which the price of the Class A Common Stock exceeds the strike price stipulated within the particular warrant agreement, if any. As of September 30, 2019, there were a maximum of 8.8 million shares of Class A Common Stock issuable under the 2019 Convertible Notes Warrants outstanding.

Extinguishment of Debt

On September 12, 2016, we and certain of our subsidiaries (as guarantors) entered into a financing agreement with certain lenders and Fortress Credit Co LLC (as collateral and administrative agent) that provided us with a senior secured credit facility in an aggregate principal amount of $100 million, subject to various terms and conditions contained in the financing agreement. The credit facility (the “Term Loan Facility”) consisted of an initial term loan of $50 million that was drawn on September 12, 2016 and a delayed draw term loan of up to $50 million. Borrowings under the facility bore interest at an annual rate initially equal to the London Interbank Offered Rate (“LIBOR”) plus 7.5%, and we paid a monthly fee of 2.75% per annum on the average daily unused portion of the delayed draw term loan facility and a quarterly loan servicing fee of $15,000.

In July 2017, we used $51.6 million of net proceeds from the 2024 Convertible Notes offering to repay all outstanding borrowings under the Term Loan Facility and terminated that facility, including the undrawn delayed draw term loan commitment. The lenders have released all related security interests in our assets.

Also 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. We unwound a portion of the 2019 Convertible Notes Hedges and 2019 Convertible Notes Warrants corresponding to the repurchased and retired 2019 Convertible Notes. We received $0.6 million in connection with the partial settlement of the 2019 Convertible Notes Hedges and paid $0.5 million in connection with the partial settlement of 2.2 million of the outstanding 2019 Convertible Notes Warrants.

We recorded a one-time charge of $5.3 million in the fourth quarter of fiscal 2017 related to these transactions included under “Interest expense” in our consolidated statements of operations, including write-off of unamortized debt discount and issuance costs.

CASHMAX Secured Borrowing Facility

In November 2018, we entered into a receivables securitization facility with a third-party lender (the "lender") to provide funding for installment loan originations in our Canadian CASHMAX business. Under the facility, a variable interest entity (the "trust") has the right, subject to various conditions, to borrow up to CAD $25 million from the lender (the "third-party loan") and use the proceeds to purchase interests in installment loan receivables generated by CASHMAX. The trust uses collections on the transferred receivables to pay various amounts in accordance with an agreed priority arrangement, including expenses, its obligations under the third-party loan and, to the extent available, amounts owed to CASHMAX with respect to the purchase price of the transferred receivables and CASHMAX's retained interest in the receivables. CASHMAX has no obligation with respect to the third-party loan or the transferred receivables except to (a) service the underlying installment loans on behalf of the trust and (b) pay amounts owing under or repurchase the underlying installment loans in the event of a breach by CASHMAX or in certain other limited circumstances. The facility is nonrecourse to EZCORP, allowed borrowing through November 2019, and fully matures in November 2021. Our obligation under the facility as of September 30, 2019 was $0.6 million.

Contingencies	12 Months Ended
Contingencies	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	NOTE 14: CONTINGENCIES Currently and from time to time, we are involved in various claims, suits, investigations and legal proceedings, including the lawsuit described below. While we are unable to determine the ultimate outcome of any current litigation or regulatory actions (except as noted below), we believe their resolution will not have a material adverse effect on our financial condition, results of operations or liquidity. Federal Securities Litigation — In July 2015 and August 2015, two substantially identical lawsuits were filed in the United States District Court for the Western District of Texas. Those lawsuits were subsequently consolidated into a single action under the caption In re EZCORP, Inc. Securities Litigation (Master File No. 1:15-cv-00608-SS). The original complaint related to the Company’s announcement on July 17, 2015 that it will restate its 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. In January 2016, the plaintiffs filed an Amended Class Action Complaint (the "Amended Complaint"), which asserted that the Company and Mark E. Kuchenrither, our former Chief Financial Officer, violated Section 10(b) of the Securities Exchange Act and Rule 10b-5, issued materially false or misleading statements 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. In October 2016, the Court granted the defendants’ motion to dismiss and dismissed the Amended Complaint without prejudice. In November 2016, the plaintiffs filed a Second Amended Consolidated Class Action Complaint (“Second Amended Complaint”), raising the same claims previously dismissed by the Court, but reducing the class period (November 7, 2013 to October 20, 2015 instead of November 6, 2012 to October 20, 2015). In May 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. Following discovery on the surviving claims, the plaintiff filed a Motion for Leave to File a Third Amended Complaint, seeking to revive the "nonperforming" loan claims that the Court previously dismissed, and on July 26, 2018, the Court granted the plaintiff's motion for leave to amend, thus accepting the Third Amended Consolidated Class Action Complaint. The Court issued an order certifying the class and approving the class representative and class counsel in February 2019, and we appealed that order to the U.S. Fifth Circuit Court of Appeals, which appeal was granted in March 2019. On May 30, 2019, the parties agreed to a mediated settlement of all remaining claims and entered into a Memorandum of Understanding regarding that settlement. The proposed settlement provides for the payment of $4.9 million by the defendants. On July 18, 2019, the parties entered into a Stipulation and Agreement of Settlement reflecting the terms of the agreed settlement, which was preliminarily approved by the Court on August 5, 2019. The proposed settlement remains subject to several conditions, including final Court approval at a Settlement Hearing scheduled for December 6, 2019. The settlement amount (which was covered by applicable directors' and officers' liability insurance) was paid into escrow on September 12, 2019. The accrued settlement and offsetting restricted cash are included in "Accounts payable, accrued expenses and other current liabilities" and "Prepaid expenses and other current assets" in our consolidated balance sheets as of September 30, 2019.

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Total revenues	$ 847,229	$ 812,156	$ 747,951
Net revenues	494,448	481,551	435,507
Operating expenses:
Operations	350,578	334,841	304,956
Administrative	63,665	53,639	53,492
Depreciation and amortization	28,797	25,484	23,661
Loss on sale or disposal of assets and other	4,399	463	359
Total operating expenses	447,439	414,427	382,468
Operating income	47,009	67,124	53,039
Interest expense	32,637	27,834	27,803
Interest income	(11,086)	(17,041)	(12,103)
Equity in net loss (income) of unconsolidated affiliates	135	(5,529)	(4,916)
Impairment of investments	19,725	11,712	0
Other expense (income)	1,424	(5,391)	(423)
Income from continuing operations before income taxes	4,174	55,539	42,678
Income tax expense	2,406	18,389	11,093
Income from continuing operations, net of tax	1,768	37,150	31,585
Loss from discontinued operations, net of tax	(457)	(856)	(1,825)
Net income	1,311	36,294	29,760
Net loss attributable to noncontrolling interest	(1,230)	(988)	(1,650)
Net income attributable to EZCORP, Inc.	$ 2,541	$ 37,282	$ 31,410
Earnings Per Share [Abstract]
Basic earnings (loss) per share attributable to EZCORP, Inc. — continuing operations (usd per share)	$ 0.05	$ 0.70	$ 0.61
Diluted earnings (loss) per share attributable to EZCORP, Inc. — continuing operations (usd per share)	$ 0.05	$ 0.66	$ 0.61
Weighted average shares outstanding:
Weighted-average basic shares outstanding	55,341	54,456	54,260
Weighted-average diluted shares outstanding	55,984	57,896	54,368
Merchandise sales
Revenues:
Total revenues	$ 453,375	$ 438,372	$ 414,838
Cost of goods sold	297,508	276,618	266,525
Jewelry scrapping sales
Revenues:
Total revenues	60,445	60,752	51,189
Cost of goods sold	52,935	52,290	43,931
Pawn service charges
Revenues:
Total revenues	327,366	304,577	273,077
Other revenues
Revenues:
Total revenues	6,043	8,455	8,847
Cost of goods sold	$ 2,338	$ 1,697	$ 1,988

Acquisitions - Proforma Information (Details) $ in Millions	12 Months Ended
Acquisitions - Proforma Information (Details) $ in Millions	Sep. 30, 2018 USD ($)
GPMX
Business Acquisition [Line Items]
Revenue	$ 46.5
Net Income	8.0
All Other
Business Acquisition [Line Items]
Revenue	7.5
Net Income	$ 1.3

Debt - Convertible Senior Notes Due 2024 (Details)	1 Months Ended	12 Months Ended
Debt - Convertible Senior Notes Due 2024 (Details)	Jul. 31, 2017 USD ($) day $ / shares	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($)
Debt Instrument [Line Items]
Principal amount		$ 317,976,000
Additional paid-in capital		407,628,000	$ 397,927,000
Debt discount and issuance costs		$ 79,382,000	98,223,000
2024 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate	2.875%
Principal amount	$ 143,750,000
Maturity period		7 years
Convertible debt	102,700,000
Unamortized discount	41,000,000.0
Deferred financing costs	$ 4,200,000
Common Class A \| 2024 Convertible Notes
Debt Instrument [Line Items]
Conversion rate per $1,000 principal amount (shares)	100
Conversion price, per share (usd per share) \| $ / shares	$ 10.00
Senior Notes \| 2024 Convertible Notes
Debt Instrument [Line Items]
Principal amount		$ 143,750,000
Effective interest rate		9.00%
Debt discount and issuance costs		$ 32,439,000	$ 37,892,000
Senior Notes \| Holder option \| Common Class A \| 2024 Convertible Notes
Debt Instrument [Line Items]
Threshold trading days (whether or not consecutive) \| day	20
Threshold consecutive trading days \| day	30
Threshold percentage of stock price trigger	130.00%
Early conversion condition, business day period	5 days
Measurement period	5 days
Early conversion condition, percent of product of the last reported sale price of stock	98.00%
Senior Notes \| Company option \| Common Class A \| 2024 Convertible Notes
Debt Instrument [Line Items]
Threshold trading days (whether or not consecutive) \| day	20
Threshold consecutive trading days \| day	30
Threshold percentage of stock price trigger	130.00%
Repurchase price, percent of principal amount	100.00%
Convertible Notes Embedded Derivative
Debt Instrument [Line Items]
Conversion feature accounted for as an equity-classified instrument	$ 39,800,000
Additional paid-in capital	$ 25,300,000	25,300,000
Pro Forma \| 2024 Convertible Notes
Debt Instrument [Line Items]
Debt discount and issuance costs		$ 32,400,000
Measurement Input, Discount Rate \| Liability Component of Convertible Debt \| 2024 Convertible Notes
Debt Instrument [Line Items]
Fair value assumptions, discount rate		0.08

Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Amortization expense
Amortization expense, 2020	$ 8,406
Amortization expense, 2021	7,422
Amortization expense, 2022	6,563
Amortization expense, 2023	4,456
Amortization expense, 2024	$ 2,583

Related Party Transactions	12 Months Ended
Related Party Transactions	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 11: RELATED PARTY TRANSACTIONS Asset Purchase Agreement The Company entered into an Asset Purchase Agreement, dated June 8, 2017, with Cash Solution Centers, LLC ("CSC"), pursuant to which the Company agreed to acquire, for an aggregate purchase price of $700,329 in cash, certain assets used in the operation of two pawn stores located in Central Texas. Daniel M. Chism, who was appointed Chief Financial Officer of the Company effective May 9, 2017, was the owner of a 28% interest in CSC. We completed the acquisition on August 14, 2017. Following completion of this transaction, Mr. Chism does not own any interest in any pawn-related businesses outside of his interest in the Company. The terms of this transaction were reviewed and approved by the Audit Committee of the Board of Directors pursuant to the Company's Policy for Review and Evaluation of Related Party Transactions. Cash Converters International The beneficial owner of our Class B Voting Common Stock received AUD $120,000 in annual consulting fees from our 34.75% owned unconsolidated affiliate Cash Converters International during fiscal 2019, 2018 and 2017.

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Net Components of Basic and Diluted Earnings per Share
Net income from continuing operations attributable to EZCORP									$ 2,998	$ 38,138	$ 33,235
Loss from discontinued operations, net of tax									(457)	(856)	(1,825)
Net income attributable to EZCORP, Inc.	$ (645)	$ 3,158	$ 3,394	$ (3,366)	$ (1,392)	$ 14,454	$ 11,581	$ 12,639	$ 2,541	$ 37,282	$ 31,410
Weighted average outstanding shares of common stock									55,341	54,456	54,260
Dilutive effect of restricted stock and 2024 Convertible Notes (shares)									643	3,440	108
Weighted average common stock and common stock equivalents (shares)									55,984	57,896	54,368
Basic earnings per share attributable to EZCORP:
Continuing operations (usd per share)	$ (0.01)	$ 0.06	$ 0.06	$ (0.06)	$ (0.02)	$ 0.26	$ 0.22	$ 0.24	$ 0.05	$ 0.70	$ 0.61
Discontinued operations (usd per share)	0	0	0	0	0	0	(0.01)	0	(0.01)	(0.02)	(0.03)
Basic earnings per share (usd per share)	(0.01)	0.06	0.06	(0.06)	(0.02)	0.26	0.21	0.24	0.04	0.68	0.58
Diluted earnings per share attributable to EZCORP:
Continuing operations (usd per share)	(0.01)	0.06	0.06	(0.06)	(0.02)	0.25	0.21	0.23	0.05	0.66	0.61
Discontinued operations (usd per share)	0	0	0	0	0	0	(0.01)	0	(0.01)	(0.02)	(0.03)
Diluted earnings per share (usd per share)	$ (0.01)	$ 0.06	$ 0.06	$ (0.06)	$ (0.02)	$ 0.25	$ 0.20	$ 0.23	$ 0.04	$ 0.64	$ 0.58
Restricted stock
Diluted earnings per share attributable to EZCORP:
Potential common shares excluded from the calculation of diluted earnings per share above: Restricted stock									2,121	2,218	2,356

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of impact of corrections on face statements

The impact of these corrections on the consolidated financial statements, exclusive of quarterly impacts presented in previous fiscal 2019 filings, is as provided below (in thousands except per share amounts).

Consolidated Balance Sheets



	December 31, 2018
	As Previously Reported			Corrections			As Corrected

Pawn service charges receivable, net	$	38,959		$	(7,401	)	$	31,558
Prepaid expenses and other current assets	31,223			260			31,483
Goodwill	294,881			1,757			296,638
Deferred tax asset, net	(334		)	821			487
Accounts payable, accrued expenses and other current liabilities	57,628			(248		)	57,380
Retained earnings	387,936			(4,680		)	383,256
Accumulated other comprehensive loss	(49,104		)	365			(48,739		)



	December 31, 2017
	As Previously Reported			Corrections			As Corrected

Cash and cash equivalents	$	113,584		$	(627	)	$	112,957
Pawn service charges receivable, net	34,054			(5,950		)	28,104
Prepaid expenses and other current assets	26,156			238			26,394
Goodwill	288,773			1,442			290,215
Deferred tax asset, net	10,997			1,245			12,242
Accounts payable, accrued expenses and other current liabilities	60,207			(73		)	60,134
Retained earnings	364,414			(3,890		)	360,524
Accumulated other comprehensive loss	(44,902		)	311			(44,591		)

Consolidated Statements of Operations



	Fiscal Year Ended September 30, 2018
	As Previously Reported		Corrections			As Corrected

Pawn service charges	$	305,936	$	(1,359	)	$	304,577
Operations expense	334,649		192			334,841
Administrative expense	53,653		(14		)	53,639
Income from continuing operations before income taxes	57,076		(1,537		)	55,539
Income tax expense	18,149		240			18,389
Income from continuing operations, net of tax	38,927		(1,777		)	37,150
Basic earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.73	$	(0.03	)	$	0.70
Diluted earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.69	$	(0.03	)	$	0.66



	Fiscal Year Ended September 30, 2017
	As Previously Reported		Corrections			As Corrected

Pawn service charges	$	273,080	$	(3	)	$	273,077
Operations expense	304,636		320			304,956
Administrative expense	53,254		238			53,492
Income from continuing operations before income taxes	43,239		(561		)	42,678
Income tax expense	11,206		(113		)	11,093
Income from continuing operations, net of tax	32,033		(448		)	31,585
Basic earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.62	$	(0.01	)	$	0.61
Diluted earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.62	$	(0.01	)	$	0.61



	Three Months Ended December 31, 2018
	As Previously Reported			Corrections			As Corrected

Pawn service charges	$	83,674		$	(155	)	$	83,519
Operations expense	89,546			(783		)	88,763
Administrative expense	15,479			(224		)	15,255
Loss from continuing operations before income taxes	(5,570		)	852			(4,718		)
Income tax benefit	(1,032		)	(26		)	(1,058		)
Loss from continuing operations, net of tax	(4,538		)	878			(3,660		)
Basic earnings per share attributable to EZCORP, Inc. — continuing operations	$	(0.07	)	$	0.01		$	(0.06	)
Diluted earnings per share attributable to EZCORP, Inc. — continuing operations	$	(0.07	)	$	0.01		$	(0.06	)



	Three Months Ended December 31, 2017
	As Previously Reported		Corrections			As Corrected

Pawn service charges	$	76,360	$	(338	)	$	76,022
Operations expense	83,610		(18		)	83,592
Administrative expense	13,318		(237		)	13,081
Income from continuing operations before income taxes	19,792		(83		)	19,709
Income tax expense	7,437		(26		)	7,411
Income from continuing operations, net of tax	12,355		(109		)	12,246
Basic earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.24	$	—		$	0.24
Diluted earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.23	$	—		$	0.23

Consolidated Statements of Cash Flows



	Fiscal Year Ended September 30, 2018
	As Previously Reported			Corrections			As Corrected

Net income	$	38,071		$	(1,777	)	$	36,294
Deferred income taxes	7,978			(62		)	7,916
Service charges and fees receivable	(3,153		)	1,365			(1,788		)
Accounts payable, accrued expenses and other liabilities	(3,902		)	631			(3,271		)
Income taxes, net of excess tax benefit from stock compensation	(3,622		)	(163		)	(3,785		)
Net cash provided by operating activities*	88,987			(6		)	88,981
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(484		)	(170		)	(654		)



	Fiscal Year Ended September 30, 2017
	As Previously Reported			Corrections			As Corrected

Net income	$	30,208		$	(448	)	$	29,760
Deferred income taxes	6,046			50			6,096
Service charges and fees receivable	(224		)	(61		)	(285		)
Accounts payable, accrued expenses and other liabilities	(31,041		)	147			(30,894		)
Income taxes, net of excess tax benefit from stock compensation	3,027			83			3,110
Net cash provided by operating activities*	50,895			(229		)	50,666



	Three Months Ended December 31, 2018
	As Previously Reported			Corrections			As Corrected

Net loss	$	(4,721	)	$	878		$	(3,843	)
Service charges and fees receivable	(877		)	151			(726		)
Accounts payable, accrued expenses and other liabilities	(461		)	(375		)	(836		)
Income taxes, net of excess tax benefit from stock compensation	(3,412		)	(33		)	(3,445		)
Net cash provided by operating activities*	22,760			621			23,381
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(865		)	83			(782		)



	Three Months Ended December 31, 2017
	As Previously Reported			Corrections			As Corrected

Net income	$	12,133		$	(109	)	$	12,024
Service charges and fees receivable	(50		)	357			307
Accounts payable, accrued expenses and other liabilities	(5,283		)	(132		)	(5,415		)
Net cash provided by operating activities*	19,252			116			19,368
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(1,165		)	(218		)	(1,383		)

As previously reported amount includes the impact of adoption of accounting policies described below.

Summary of Significant Accounting Policies

12 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Significant Accounting Policies

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business

Formed in 1989, we have grown into 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. We are dedicated to satisfying the short-term cash needs of consumers who are cash or credit constrained, focusing on delivering an industry-leading customer experience.

As of September 30, 2019, we operated a total of 1,014 locations, consisting of:


•	512 United States pawn stores (operating primarily as EZPAWN or Value Pawn & Jewelry);


•	357 Mexico pawn stores (operating primarily as Empeño Fácil);


•	123 pawn stores in Guatemala, El Salvador, Honduras and Peru (operating as GuatePrenda and MaxiEfectivo); and


•	22 financial services stores in Canada (operating as CASHMAX).

We also own 34.75% of Cash Converters International Limited (“Cash Converters International”), a publicly traded company (ASX:CCV) headquartered in Perth, Western Australia. Cash Converters International and its controlled companies comprise a diverse group generating revenues from franchising, store operations, personal finance and vehicle finance, with operations in Australia and the United Kingdom, a 25% equity interest in Cash Converters New Zealand and a franchise presence in 15 other countries around the world.

Basis of Presentation and Principles of Consolidation

The consolidated financial statements include the accounts of EZCORP, Inc. and its consolidated subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation.

Management has the responsibility to evaluate whether there is substantial doubt about our ability to continue as a going concern for a period of one year after the date that the financial statements are issued (or available to be issued) or to provide related footnote disclosures. We do not believe there is substantial doubt about our ability to continue as a going concern.

To determine if we hold a controlling financial interest in an entity, we first evaluate if we are required to apply the variable interest entity (“VIE”) model to the entity; otherwise, the entity is evaluated under the voting interest model. Where we hold current or potential rights that give us the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, combined with a variable interest that gives us the right to receive potentially significant benefits or the obligation to absorb potentially significant losses, we have a controlling financial interest in that VIE. Rights held by others to remove the party with power over the VIE are not considered unless one party can exercise those rights unilaterally.

In evaluating whether we have the power to direct the activities of a VIE that most significantly impact its economic performance, we consider the purpose for which the VIE was created, the importance of each of the activities in which it is engaged and our decision-making role, if any, in those activities that significantly determine the entity’s economic performance as compared to other economic interest holders. This evaluation requires consideration of all facts and circumstances relevant to decision-making that affects the entity’s future performance and the exercise of professional judgment in deciding which decision-making rights are most important.

In determining whether we have the right to receive benefits or the obligation to absorb losses that could potentially be significant to a VIE, we evaluate all of our economic interests in the entity, regardless of form (debt, equity, management and servicing fees and other contractual arrangements). This evaluation considers all relevant factors of the entity’s design including the entity’s capital structure, contractual rights to earnings or losses, subordination of our interests relative to those of other investors, as well as any other contractual arrangements that might exist that could have the potential to be economically significant. The evaluation of each of these factors in reaching a conclusion about the potential significance of our economic interests is a matter that requires the exercise of professional judgment.

Corrections and Reclassifications to Prior Period Financial Statements

In the second quarter of fiscal 2019, we identified errors in our previously reported financial statements during the ordinary course of account reviews and subsequent investigation of related accounts. None of the identified errors was material to any previously reported period. These have now been corrected in all periods presented. The errors related to the overstatement of historical balances of pawn service charges receivable resulting from errors in the configuration of information technology reports, as well as other minor items identified in our reconciliation process. These errors resulted in an overstatement of October 1, 2016 beginning retained earnings of $3.4 million. The impact of these corrections on the consolidated financial statements, exclusive of quarterly impacts presented in previous fiscal 2019 filings, is as provided below (in thousands except per share amounts).

Consolidated Balance Sheets



	December 31, 2018
	As Previously Reported			Corrections			As Corrected

Pawn service charges receivable, net	$	38,959		$	(7,401	)	$	31,558
Prepaid expenses and other current assets	31,223			260			31,483
Goodwill	294,881			1,757			296,638
Deferred tax asset, net	(334		)	821			487
Accounts payable, accrued expenses and other current liabilities	57,628			(248		)	57,380
Retained earnings	387,936			(4,680		)	383,256
Accumulated other comprehensive loss	(49,104		)	365			(48,739		)



	December 31, 2017
	As Previously Reported			Corrections			As Corrected

Cash and cash equivalents	$	113,584		$	(627	)	$	112,957
Pawn service charges receivable, net	34,054			(5,950		)	28,104
Prepaid expenses and other current assets	26,156			238			26,394
Goodwill	288,773			1,442			290,215
Deferred tax asset, net	10,997			1,245			12,242
Accounts payable, accrued expenses and other current liabilities	60,207			(73		)	60,134
Retained earnings	364,414			(3,890		)	360,524
Accumulated other comprehensive loss	(44,902		)	311			(44,591		)

Consolidated Statements of Operations



	Fiscal Year Ended September 30, 2018
	As Previously Reported		Corrections			As Corrected

Pawn service charges	$	305,936	$	(1,359	)	$	304,577
Operations expense	334,649		192			334,841
Administrative expense	53,653		(14		)	53,639
Income from continuing operations before income taxes	57,076		(1,537		)	55,539
Income tax expense	18,149		240			18,389
Income from continuing operations, net of tax	38,927		(1,777		)	37,150
Basic earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.73	$	(0.03	)	$	0.70
Diluted earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.69	$	(0.03	)	$	0.66



	Fiscal Year Ended September 30, 2017
	As Previously Reported		Corrections			As Corrected

Pawn service charges	$	273,080	$	(3	)	$	273,077
Operations expense	304,636		320			304,956
Administrative expense	53,254		238			53,492
Income from continuing operations before income taxes	43,239		(561		)	42,678
Income tax expense	11,206		(113		)	11,093
Income from continuing operations, net of tax	32,033		(448		)	31,585
Basic earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.62	$	(0.01	)	$	0.61
Diluted earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.62	$	(0.01	)	$	0.61



	Three Months Ended December 31, 2018
	As Previously Reported			Corrections			As Corrected

Pawn service charges	$	83,674		$	(155	)	$	83,519
Operations expense	89,546			(783		)	88,763
Administrative expense	15,479			(224		)	15,255
Loss from continuing operations before income taxes	(5,570		)	852			(4,718		)
Income tax benefit	(1,032		)	(26		)	(1,058		)
Loss from continuing operations, net of tax	(4,538		)	878			(3,660		)
Basic earnings per share attributable to EZCORP, Inc. — continuing operations	$	(0.07	)	$	0.01		$	(0.06	)
Diluted earnings per share attributable to EZCORP, Inc. — continuing operations	$	(0.07	)	$	0.01		$	(0.06	)



	Three Months Ended December 31, 2017
	As Previously Reported		Corrections			As Corrected

Pawn service charges	$	76,360	$	(338	)	$	76,022
Operations expense	83,610		(18		)	83,592
Administrative expense	13,318		(237		)	13,081
Income from continuing operations before income taxes	19,792		(83		)	19,709
Income tax expense	7,437		(26		)	7,411
Income from continuing operations, net of tax	12,355		(109		)	12,246
Basic earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.24	$	—		$	0.24
Diluted earnings per share attributable to EZCORP, Inc. — continuing operations	$	0.23	$	—		$	0.23

Consolidated Statements of Cash Flows



	Fiscal Year Ended September 30, 2018
	As Previously Reported			Corrections			As Corrected

Net income	$	38,071		$	(1,777	)	$	36,294
Deferred income taxes	7,978			(62		)	7,916
Service charges and fees receivable	(3,153		)	1,365			(1,788		)
Accounts payable, accrued expenses and other liabilities	(3,902		)	631			(3,271		)
Income taxes, net of excess tax benefit from stock compensation	(3,622		)	(163		)	(3,785		)
Net cash provided by operating activities*	88,987			(6		)	88,981
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(484		)	(170		)	(654		)



	Fiscal Year Ended September 30, 2017
	As Previously Reported			Corrections			As Corrected

Net income	$	30,208		$	(448	)	$	29,760
Deferred income taxes	6,046			50			6,096
Service charges and fees receivable	(224		)	(61		)	(285		)
Accounts payable, accrued expenses and other liabilities	(31,041		)	147			(30,894		)
Income taxes, net of excess tax benefit from stock compensation	3,027			83			3,110
Net cash provided by operating activities*	50,895			(229		)	50,666



	Three Months Ended December 31, 2018
	As Previously Reported			Corrections			As Corrected

Net loss	$	(4,721	)	$	878		$	(3,843	)
Service charges and fees receivable	(877		)	151			(726		)
Accounts payable, accrued expenses and other liabilities	(461		)	(375		)	(836		)
Income taxes, net of excess tax benefit from stock compensation	(3,412		)	(33		)	(3,445		)
Net cash provided by operating activities*	22,760			621			23,381
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(865		)	83			(782		)



	Three Months Ended December 31, 2017
	As Previously Reported			Corrections			As Corrected

Net income	$	12,133		$	(109	)	$	12,024
Service charges and fees receivable	(50		)	357			307
Accounts payable, accrued expenses and other liabilities	(5,283		)	(132		)	(5,415		)
Net cash provided by operating activities*	19,252			116			19,368
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(1,165		)	(218		)	(1,383		)


*	As previously reported amount includes the impact of adoption of accounting policies described below.

Pawn Loans and Revenue Recognition

The carrying value of our pawn loans is based on the initial amounts lent to customers and are fully collateralized. We record pawn service charges using the effective interest method over the life of the loan for all pawn loans we believe to be collectible. We base our estimate of collectible loans on several inputs, including recent redemption rates, historical trends in redemption rates and the amount of loans due in the following months. Unexpected variations in any of these factors could change our estimate of collectible loans, affecting our earnings and financial condition. If a pawn loan is not repaid, we value the forfeited collateral (inventory) at the lower of cost (pawn loan principal) or net realizable value of the item. Of our consolidated pawn loans outstanding as of September 30, 2019, $92.8 million is attributable to Texas and Florida stores.

Merchandise Sales Revenue Recognition

Our performance obligations for merchandise sales primarily relate to point in time retail sales in our stores. We recognize the satisfaction of the performance obligation and record merchandise sales revenue and the related cost when merchandise inventory is sold and delivered to the customer or, in the case of a layaway sale, when we receive the final payment. Customers have a limited period of time to return merchandise for a refund or exchange, and actual returns for refunds are insignificant. Sales tax collected on the sale of inventory is excluded from the amount recognized as sales and instead recorded as a liability in “Accounts payable, accrued expenses and other current liabilities” in our consolidated balance sheets until remitted to the appropriate governmental authorities.

We recognize the satisfaction of the performance obligation and record scrapping (precious metals and stones) sales revenue and the related cost when scrap inventory is legally transferred to the refiner and the refiner obtains control of the inventory. The receivables outstanding at the end of a given reporting period are not material. Payment of the receivable from the customer is generally received within a short period of time after the legal transfer of the scrap materials to the refiner.

Our transaction prices are explicitly stated within the contracts with our customers.

Inventory and Cost of Goods Sold

If a pawn loan is not redeemed, we record the forfeited collateral at cost (the principal amount of the pawn loan) in "Inventory, net" in our consolidated balance sheets. We do not record loan loss allowances or charge-offs on the principal portion of pawn loans, as they are fully collateralized. We record our inventory using the specific identification method of accounting.

In order to state inventory at the lower of cost or net realizable value, we record an allowance for excess, obsolete or slow-moving inventory based on the type and age of merchandise. Our inventory consists primarily of general merchandise and jewelry. Our "Merchandise cost of goods sold" includes the historical cost of inventory sold, inventory shrinkage and any change in the allowance for inventory shrinkage and valuation. We include the cost of operating our central jewelry processing unit under “Jewelry scrapping cost of goods sold,” as it relates directly to sales of precious metals to refiners.

We consider our estimates of obsolete or slow-moving inventory and shrinkage critical estimates in determining the appropriate overall valuation allowance for inventory. We monitor our sales margins for each type of inventory on an ongoing basis and compare to historical margins. Significant variances in those margins may require a revision to future inventory reserve estimates. We monitor our reserve estimates pertaining to jewelry inventory depending on the current and projected prices of gold. Future declines in the value of gold prices may cause an increase in reserve rates pertaining to jewelry inventory.

With respect to our Mexico pawn operations, we do not own the forfeited collateral; however, we assume the risk of loss on such collateral and are solely responsible for its care and disposition and as such, record such collateral under “Inventory, net” in our consolidated balance sheets. The amount of inventory from our Mexico pawn operations classified as “Inventory, net” in our consolidated balance sheets was $26.9 million and $25.1 million as of September 30, 2019 and 2018, respectively.

Cash and Cash Equivalents and Cash Concentrations

Cash and cash equivalents consist primarily of cash on deposit or highly liquid investments with original contractual maturities of three months or less, or money market mutual funds. We hold cash at major financial institutions that often exceed FDIC insured limits. We manage our credit risk associated with cash and cash equivalents and cash concentrations by concentrating our cash deposits in high quality financial institutions and by periodically evaluating the credit quality of the primary financial institutions issuing investments or holding such deposits. Historically, we have not experienced any losses due to such cash concentrations.

Notes Receivable

As discussed under “Notes Receivable from Grupo Finmart Divestiture” in Note 5, in September 2017 we restructured the repayment arrangements for certain promissory notes that we had received from Grupo Finmart in connection with the divestiture of Grupo Finmart in September 2016. We accounted for the restructuring as new notes receivable for which the modification was more than minor, recognizing $3.0 million of discount remaining on the original notes receivable as a gain, which we included in our income statement as a component of “Interest income” in fiscal 2017. As part of the restructuring of the notes receivable, we negotiated a deferred compensation amount of up to $14.0 million which we are accounting for as “Interest income” under the effective interest method, accreting to its ultimate estimated settlement amount at September 2020. We review the payment history, creditworthiness, projected cash flows and related assumptions of Grupo Finmart and Alpha Holding, S.A. de C.V. (“AlphaCredit”) (the guarantor of such notes receivable) in determining whether our notes receivable and deferred compensation amounts are collectible. Prior to the restructuring, we amortized the discount on our notes receivable into “Interest income” under the effective interest method over the life of the notes receivable. We currently accrue interest under the terms of the repayment schedules. These items are included in “Corporate items” and “Latin America Pawn” within our segment disclosure in Note 15. As of September 30, 2019, we have included no impairment due to non-collectability on our notes receivable. In September 2019, Grupo Finmart repaid the remainder of the loan principal and the first approximate $6.0 million of the deferred compensation amount. At September 30, 2019, the only amounts remaining receivable are $8.0 million of the deferred compensation fee due in fiscal 2020 and interest on that amount. The precise amount will vary slightly due to movements in the exchange rate on the peso-denominated note.

Equity Method Investments

We account for our investment in Cash Converters International and RDC using the equity method. Since Cash Converters International’s fiscal year ends three months prior to ours, we report the income from this investment on a three-month lag. Thus, income reported for fiscal years ended September 30, 2019, 2018 and 2017 represents our percentage interest in the results of Cash Converters International’s operations for the twelve-month periods ended June 30, 2019, 2018 and 2017, respectively. Because Cash Converters International publicly files semi-annual financial reports with the Australian Securities & Investments Commission as of and for the periods ended June 30 and December 31, we make estimates for our equity in Cash Converters International’s net income (loss) for Cash Converters International three-month periods ended March 31 (our

reporting period ended June 30) and September 30 (our reporting period ended December 31). Those estimates may vary from actual results. We adjust our estimates as necessary in our reporting periods ended March 31 and September 30 to conform to Cash Converters International actual results as shown in their published semi-annual reports. We measure and record all other-than-temporary impairments as of the date of our reporting period.

We accounted for the negative basis in our investment in Cash Converters International generated as a result of impairments and other items as a reduction in our portion of Cash Converters International goodwill. To the extent Cash Converters International recognizes future impairments in its goodwill, we will not record our share of such impairments until the negative basis is restored.

Goodwill and Other Intangible Assets

Goodwill and other intangible assets having indefinite lives are not subject to amortization. We test goodwill and intangible assets with indefinite useful lives for potential impairment annually as of September 30, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. We compare the fair value of our reporting units with their carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, without exceeding the total amount of goodwill allocated to that reporting unit.

We perform our impairment analyses utilizing the income approach. This approach uses future cash flows and estimated terminal values for each of our reporting units (discounted using a market participant perspective) to determine the fair value of each reporting unit, which is then compared to the carrying value of the reporting unit to determine if there is an impairment. We have determined that our reporting units are equivalent to our operating segments for fiscal 2019. The income approach includes assumptions about revenue growth rates, operating margins and terminal growth rates discounted by an estimated weighted-average cost of capital derived from other publicly traded companies that are similar but not identical from an operational and economic standpoint. We use discount rates that are commensurate with the risks and uncertainties inherent in the respective businesses and in our internally developed forecasts. Discount rates used in fiscal 2019 goodwill valuations ranged from 10% to 15% similar to rates used in fiscal 2018. In testing other intangible assets for potential impairment, we apply key assumptions that are consistent with those utilized in our goodwill impairment test.

In performing our goodwill impairment analysis as of September 30, 2019, we acknowledge the existence of a control premium relative to our market capitalization representing the incremental amount a buyer would pay to acquire a controlling stake. Our control premium was assessed on the evaluation of our average market capitalization during the fourth quarter of fiscal 2019 rather than only at the end of the period. If all equity interests in EZCORP were to be sold, we expect that a further premium would be paid for the Class B Voting Common Stock, none of which is publicly traded. We will continue to monitor our market capitalization in future periods relative to our underlying business performance to determine an appropriate control premium for purposes of our goodwill impairment analysis.

Changes in the economic conditions or regulatory environment could negatively affect our key assumptions. Future negative developments including a decline in loan portfolio performance, merchandise sales or demand for our products, a decline in precious metal commodity values, or inflation in costs relative to revenues in our Latin American operations in Guatemala, Honduras, El Salvador or Peru could lead to potential impairment of the $34.5 million in goodwill recorded in our “GPMX” reporting unit within our Latin America reporting segment. At September 30, 2019, the estimated fair value of GPMX exceeded its carrying value by 7%.

We may perform a qualitative assessment in making our determination of whether it is more likely than not goodwill and other intangible assets are impaired under appropriate accounting guidance on an annual basis in future reporting periods. In addition to the assumptions discussed above pertaining to the income approach, we consider the assessment of potential triggering events to be a critical estimate.

Property and Equipment

We record property and equipment at cost. We depreciate these assets on a straight-line basis using estimated useful lives of 30 years for buildings and two to seven years for furniture, equipment and software development costs. We depreciate leasehold improvements over the shorter of their estimated useful life (typically 10 years) or the reasonably assured lease term at the inception of the lease.

Valuation of Tangible Long-Lived Assets

We assess the impairment of tangible long-lived assets whenever events or changes in circumstances indicate that the net recorded amount may not be recoverable. The following factors could trigger an impairment review: significant

underperformance relative to historical or projected future cash flows, significant changes in the manner of use of the assets or the strategy for the overall business, or significant negative industry trends or legislative changes prohibiting us from offering our loan products. An impairment loss is recognized if the future undiscounted cash flows associated with the asset and the estimated fair value of the asset are less than the asset's carrying value.

In addition to the assumptions associated with the determination of projected future cash flows, we consider the assessment of potential triggering events to be a critical estimate.

Software Development Costs and Cloud Computing Arrangements

We capitalize certain costs incurred in connection with developing or obtaining software for internal use and amortize the costs on a straight-line basis over the estimated useful lives of each system, typically five years. Net capitalized development costs are included in “Capital expenditures, net” in our consolidated statements of cash flows.

We consider whether cloud computing arrangements include a software license. In evaluating whether our arrangements include a software license, we consider whether we have the contractual right to take possession of the software at any time during the hosting period without significant penalty and whether it is feasible for us to either run the software on our own hardware or contract with another party unrelated to the vendor to host the software. If a cloud computing arrangement includes a software license, then we account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, we account for the arrangement as a service contract.

Insurance Recoveries

We incur legal costs with respect to a variety of issues on an ongoing basis. To the extent that such costs are reimbursable under applicable insurance policies and we believe it is probable such costs will be reimbursed and such reimbursements can be reasonably estimated, we record a receivable from the insurance enterprise and a recovery of the costs in our statements of operations. When such recoveries are received, they are generally recorded under “Operating activities” in our consolidated statements of cash flows. All loss contingencies are recorded gross of the insured recoveries as applicable.

Business Combinations

We allocate the total acquisition price to the fair value of assets and liabilities acquired under the acquisition method with goodwill representing the excess of purchase price over the fair value of net assets acquired. We immediately expense transaction costs. We recognize any adjustments to provisional amounts and goodwill that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, with the effect on current period earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date.

Convertible Debt Securities

In accounting for our 2.375% Convertible Senior Notes Due 2025 (the “2025 Convertible Notes”) and the 2.875% Convertible Senior Notes Due 2024 (the “2024 Convertible Notes”) at issuance, we separated the securities into debt and equity components pursuant to the accounting standards for convertible debt instruments that may be fully or partially settled in cash upon conversion. The carrying value of the liability components was calculated by measuring the fair value of similar liabilities that do not have an associated conversion feature, including discount rates of approximately 8%. The excess of the principal amount over the fair value of the liability component was recorded as a discount with a corresponding increase in additional paid-in capital. The debt discounts will be accreted to “Interest expense” over the respective terms of the 2025 Convertible Notes and the 2024 Convertible Notes using the effective interest method. The amount recorded to “Additional paid-in capital” will not be remeasured as long as they continue to meet the conditions for equity classification.

We account for the conversion premium of the 2025 Convertible Notes and the 2024 Convertible Notes under the treasury method in accordance with our accounting policy, which assumes settlement of the conversion premium (equal to the as-converted value over the face principal amount) in shares of our Class A Common Stock.

Foreign Currency

Empeño Fácil’s functional currency is the Mexican peso, and the functional currencies of our other operations included in our Latin America Pawn segment include the Guatemalan quetzal (Guatemala), United States dollar (El Salvador), Honduran lempira (Honduras) and Peruvian sol (Peru). The functional currency of our wholly owned foreign subsidiary in Canada is the Canadian dollar. Our foreign subsidiaries' balance sheet accounts are translated from their respective functional currencies into United States dollars at the exchange rate at the end of each quarter, and their earnings are translated into United States dollars

at the average exchange rate each quarter. We present resulting translation adjustments as a separate component of stockholders’ equity.

Our equity investment in Cash Converters International is translated from Australian dollars into United States dollars at the exchange rates as of Cash Converters International’s balance sheet date each reporting period. The related interest in Cash Converters International’s net income is translated at the average exchange rate for each six-month period reported by Cash Converters International.

Foreign currency transaction gains and losses not accounted for as translations as discussed above are included under “Other expense (income)” in our consolidated statements of operations. These gains were $0.3 million, $0.4 million and $0.5 million for fiscal 2019, 2018 and 2017, respectively.

Operations Expense

Included in “Operations” expense are costs related to operating our stores and any direct costs of support offices. These costs include labor, other direct expenses such as utilities, supplies and banking fees and indirect expenses such as store rent, building repairs and maintenance, advertising, store property taxes and insurance and regional and area management expenses.

Administrative Expense

Included in “Administrative” expense are costs related to our executive and administrative offices. This includes executive and administrative salaries, wages, stock and incentive compensation, professional fees, license fees, costs related to the operation of our administrative offices such as rent, property taxes, insurance, information technology and other corporate costs.

Advertising

Advertising costs are expensed as incurred and included primarily under “Operations” expense in our consolidated statements of operations. These costs were $2.0 million, $2.5 million and $1.9 million for fiscal 2019, 2018 and 2017, respectively.

Stock Compensation

We measure share-based compensation expense at the grant date based on the price of underlying shares at that date and recognize it as expense, net of estimated forfeitures, ratably over the vesting or service period, as applicable, of the stock award. Our policy is to recognize expense on performance-based awards, where satisfaction of the performance condition is probable, ratably over the awards’ vesting period and recognize expense on awards that only have service requirements on a straight-line basis.

Income Taxes

Tax Cuts and Jobs Act of 2017

On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the "Act") was signed into law. Among other things, the Act reduced 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 was effective as of January 1, 2018 and, accordingly, reduced our federal statutory rate for fiscal 2018 to a blended rate of 24.5%, and further reduced our federal statutory rate to 21% in fiscal 2019. We recognized a $2.1 million charge for the revaluation of our deferred tax assets and liabilities to the reduced tax rate upon enactment of the Act in fiscal 2018. In addition, we recorded a charge of approximately $2.6 million to record a valuation allowance against foreign tax credit carryforwards which are not more likely than not to be utilized as a result of changes in tax law enacted as part of the Act in fiscal 2018. Both items are included as components of "Income tax expense" in our consolidated statements of operations.

In February 2018, the FASB issued ASU 2018-02, Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU allows entities to reclassify from accumulated other comprehensive income to retained earnings the stranded tax effects resulting from the Act. The provisions of this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. As allowed, we early adopted ASU 2018-02 on a prospective basis as of January 1, 2018 and reclassified $1.5 million of accumulated foreign currency translation associated with our unconsolidated affiliate Cash Converters International, resulting from the stranded tax effects from the reduction of our effective tax rate, from accumulated other comprehensive loss to retained earnings. Our policy is to release income tax effects from accumulated other comprehensive income on a segregated unit of account basis.

Other

We account for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying value of assets and liabilities and their tax basis and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the related temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized when the rate change is enacted.

We consider the earnings of certain non-U.S. subsidiaries to be indefinitely invested outside the United States on the basis of estimates that future domestic cash generation will be sufficient to meet future domestic cash needs and our specific plans for reinvestment of those subsidiary earnings. We have not recorded a deferred tax liability related to the U.S. federal and state income taxes and foreign withholding taxes of our undistributed earnings of foreign subsidiaries indefinitely invested outside the U.S.

We may be subject to income tax audits by the respective tax authorities in any or all of the jurisdictions in which we operate or have operated within a relevant period. Significant judgment is required in determining uncertain tax positions. We utilize the required two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. We consider many factors when evaluating and estimating our tax positions and tax benefits, which may require periodic adjustments, and which may not accurately forecast actual outcomes. We adjust these reserves in light of changing facts and circumstances, such as the closing of an audit or the refinement of an estimate. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. We believe adequate provisions for income taxes have been made for all periods. We recognize interest and penalties related to unrecognized tax benefits as “Income tax expense” in our consolidated statements of operations, which were $0.2 million in each of 2019, 2018 and 2017.

We consider our assessment of the recognition of deferred tax assets as well as estimates of uncertain tax positions to be critical estimates.

Earnings per Share and Common Stock

We compute basic earnings per share based on the weighted average number of shares of common stock outstanding during the period. We compute diluted earnings per share based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding, including conversion features embedded in our outstanding convertible debt, during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock awards as well as shares issuable on conversion of our outstanding convertible debt securities and exercise of outstanding warrants. Potential common shares are required to be excluded from the computation of diluted earnings per share if the assumed proceeds upon exercise or vest are greater than the cost to re-acquire the same number of shares at the average market price, and therefore the effect would be anti-dilutive. There were no participating securities outstanding during fiscal 2019, 2018 and 2017 requiring the application of the two-class method.

Our capital stock consists of two classes of common stock designated as Class A Non-Voting Common Stock (“Class A Common Stock”) and Class B Voting Common Stock (“Class B Common Stock”). The rights, preferences and privileges of the Class A and Class B Common Stock are similar except that each share of Class B Common Stock has one vote and each share of Class A Common Stock has no voting privileges, except as required by law. All Class A Common Stock is publicly held. Holders of Class B Common Stock may, individually or as a class, convert some or all of their shares into Class A Common Stock on a one-to-one basis. Class A Common Stock becomes voting common stock upon the conversion of all Class B Common Stock to Class A Common Stock. We are required to reserve the number of authorized but unissued shares of Class A Common Stock that would be issuable upon conversion of all outstanding shares of Class B Common Stock.

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, inventory, collectability of notes receivable, loan loss allowances, long-lived and intangible assets, income taxes, potential impairments of investments, 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 the estimates under different assumptions or conditions.

Recently Adopted Accounting Policies

•

In August 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018-15, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract, which requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in Accounting Standards Codification ("ASC") 350-40 to determine which implementation costs to defer and recognize as an asset. This ASU generally aligns the guidance on recognizing implementation costs incurred in a cloud computing arrangement that is a service contract with that for implementation costs incurred to develop or obtain internal-use software, including hosting arrangements that include an internal-use software license. Our hosting arrangements that are service contracts include various third-party software applications. We adopted this ASU during the first quarter of fiscal 2019 on a prospective basis for all service contracts entered into after adoption, with no material impact upon adoption.

•

In November 2016, the FASB issued ASU 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash. This ASU requires the inclusion of restricted cash with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. We adopted this ASU during the first quarter of fiscal 2019 with no impact on our financial position or results of operations. However, we have recast our statements of cash flows on a retrospective basis to include restricted cash when reconciling the beginning-of-period and end-of-period total amounts.


•	In August 2016, the FASB issued ASU 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. This ASU provides guidance on eight specific cash flow issues. We adopted this ASU during the first quarter of fiscal 2019 on a prospective basis with no impact on our financial position, results of operations or cash flows.

•

In May 2016, the FASB issued ASU 2016-01, Financial Instruments (Subtopic 825-10). The amendments in this ASU make targeted improvements to GAAP primarily as it pertains to equity investments (not including equity method of accounting), fair value disclosures, balance sheet presentation, and other items pertaining to financial instruments. We adopted this ASU during the first quarter of fiscal 2019 on a prospective basis, as applicable, with no impact on our financial position, results of operations or cash flows upon adoption.

•

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 this ASU, and the subsequently issued ASUs modifying or clarifying this ASU, 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 adopted this ASU and related guidance as of October 1, 2018 using the modified retrospective method. We evaluated the impact of ASC 606 on our consolidated financial position, results of operations, cash flows and disclosure requirements noting no material impact to our consolidated financial statements or disclosures. See Note 15 for disaggregated information about our sources of revenue and accounting policies above for enhanced disclosures. Additionally, we have concluded that ASC 606 does not impact our revenue recognition for pawn service charges or consumer loan fees as we believe neither of those revenue streams are within the scope of ASC 606.

Recently Issued Accounting Pronouncements

•

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework. This ASU modifies the disclosure requirements for fair value measurements in Accounting Standards Codification (“ASC”) 820. 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 based upon guidance issued within the ASU. A reporting entity should apply the amendment either retrospectively or prospectively based on the specific guidance within the ASU. We do not anticipate that the adoption of the ASU will have a material effect on our disclosures.

•

In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This ASU, along with subsequently issued related ASUs, 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 this ASU which is effective for 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. 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. We are currently assessing the potential impact this ASU and related ASUs on our consolidated financial statements, though the adoption will result in a material increase in the assets and liabilities reflected on our consolidated balance sheets. We will complete our implementation to allow for proper recognition, presentation and disclosure upon adoption of the ASU which is effective for fiscal 2020. We plan to adopt this ASU using the optional prospective transition method provided under ASU 2018-11, Leases, (Topic 842): Targeted Improvement which was issued in July 2018, allowing for application of ASU 2016-02 at the adoption date.

Earnings Per Share

12 Months Ended

Sep. 30, 2019

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:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands, except per share amounts)
Net income from continuing operations attributable to EZCORP (A)	$	2,998		$	38,138		$	33,235
Loss from discontinued operations, net of tax (B)	(457		)	(856		)	(1,825		)
Net income attributable to EZCORP (C)	$	2,541		$	37,282		$	31,410

Weighted average outstanding shares of common stock (D)	55,341			54,456			54,260
Dilutive effect of restricted stock and 2024 Convertible Notes*	643			3,440			108
Weighted average common stock and common stock equivalents (E)	55,984			57,896			54,368

Basic earnings per share attributable to EZCORP:
Continuing operations (A / D)	$	0.05		$	0.70		$	0.61
Discontinued operations (B / D)	(0.01		)	(0.02		)	(0.03		)
Basic earnings per share (C / D)	$	0.04		$	0.68		$	0.58

Diluted earnings per share attributable to EZCORP:
Continuing operations (A / E)	$	0.05		$	0.66		$	0.61
Discontinued operations (B / E)	(0.01		)	(0.02		)	(0.03		)
Diluted earnings per share (C / E)	$	0.04		$	0.64		$	0.58

Potential common shares excluded from the calculation of diluted earnings per share above*:
Restricted stock**	2,121			2,218			2,356


*	See Note 8 for discussion of the terms and conditions of the potential impact of the 2019 Convertible Notes Warrants, 2024 Convertible Notes and 2025 Convertible Notes. As required by ASC 260-10-45-19, amount excludes all potential common shares for periods when there is a loss from continuing operations.

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.

Acquisitions - Fiscal 2017 Acquisitions (Details) $ in Thousands	1 Months Ended
	Jun. 30, 2019 store	Aug. 31, 2017 USD ($) store	Sep. 30, 2019 USD ($)	Dec. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Dec. 31, 2017 USD ($)
Business Acquisition [Line Items]
Number of stores acquired \| store	7
Goodwill \| $			$ 300,527	$ 296,638	$ 299,248	$ 290,215
Cash Solutions Centers, LLC
Business Acquisition [Line Items]
Aggregate purchase price \| $		$ 2,300
Goodwill \| $		$ 400
Central Texas \| Cash Solutions Centers, LLC
Business Acquisition [Line Items]
Number of stores acquired \| store		2
Las Vegas, NV \| Cash Solutions Centers, LLC
Business Acquisition [Line Items]
Number of stores acquired \| store		1

Leases - Rent Expense (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Rent Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Leases [Abstract]
Gross rent expense from continuing operations	$ 65,295	$ 61,821	$ 56,794
Sublease rent revenue from continuing operations	(35)	(109)	(56)
Net rent expense from continuing operations	$ 65,260	$ 61,712	$ 56,738

Summary of Significant Accounting Policies - Pawn and Sales Revenue Recognition (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Pawn loans	$ 199,058	$ 198,463
Texas and Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Pawn loans	$ 92,800

Acquisitions (Tables)

12 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Schedule of purchase price allocation

Including the revision of values and finalization of accounting for certain assets associated with the acquisition of Montepio San Patricio and Presta Dinero, the allocation of the consideration for the net acquired assets from our fiscal 2018 business combinations was as follows:



	GPMX			All Other

	(in thousands)
Cash and cash equivalents	$	2,560		$	—
Earning assets	17,247			8,347
Other assets**	2,145			3,737
Property and equipment, intangible assets, deferred taxes and other assets, net*	11,671			13,678
Goodwill**	34,816			7,770
Accounts payable, deferred taxes and other liabilities	(6,723		)	1,621
Total consideration	$	61,716		$	35,153


*	Intangible assets consist primarily of $9.8 million and $6.6 million in trade names acquired with indefinite useful lives, for GPMX and All Other, respectively.

As discussed in Note 1, certain adjustments were made to pawn service charges receivable and associated goodwill balances.

Schedule of pro forma information

It is impracticable to provide historical supplemental pro forma financial information for GPMX and All Other acquisitions due to a variety of factors, including complexity of restructured entities acquired and access to historical information, such as

information necessary to eliminate intercompany transactions.



	Fiscal Year Ended September 30, 2018
	Revenue		Net Income


GPMX	$	46.5	$	8.0
All Other	7.5		1.3

Subsequent Events (Details) - Cash Converters International Limited $ in Millions, $ in Millions		12 Months Ended
	Oct. 21, 2019 AUD ($)	Sep. 30, 2020 USD ($)
Subsequent event
Subsequent Event [Line Items]
Settlement awarded to other party	$ 42.5
Forecast
Subsequent Event [Line Items]
Estimated charge related to settlement		$ 10.0

Acquisitions - Other Information for Fiscal 2018 Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Dec. 31, 2018	Jun. 25, 2018	Dec. 31, 2017	Oct. 06, 2017
Business Acquisition [Line Items]
Goodwill	$ 299,248	$ 300,527	$ 296,638		$ 290,215
Acquisition related costs	$ 600
GPMX
Business Acquisition [Line Items]
Cash and cash equivalents						$ 2,560
Earning assets						17,247
Other assets						2,145
Property and equipment, intangible assets, deferred taxes and other assets, net						11,671
Goodwill						34,816
Accounts payable, deferred taxes and other liabilities						(6,723)
Total consideration						61,716
GPMX \| Trade names
Business Acquisition [Line Items]
Intangible assets						$ 9,800
All Other
Business Acquisition [Line Items]
Cash and cash equivalents				$ 0
Earning assets				8,347
Other assets				3,737
Property and equipment, intangible assets, deferred taxes and other assets, net				13,678
Goodwill				7,770
Accounts payable, deferred taxes and other liabilities				1,621
Total consideration				35,153
All Other \| Trade names
Business Acquisition [Line Items]
Intangible assets				$ 6,600

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Principles of Consolidation

The consolidated financial statements include the accounts of EZCORP, Inc. and its consolidated subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation.

Pawn Loan and Sales Revenue Recognition

Pawn Loans and Revenue Recognition

Merchandise Sales Revenue Recognition

Inventory and Cost of Goods Sold

Cash and Cash Equivalents and Cash Concentrations

Notes Receivable

Equity Method Investments

Goodwill and Other Intangible Assets

Property and Equipment

Valuation of Tangible Long-Lived Assets

In addition to the assumptions associated with the determination of projected future cash flows, we consider the assessment of potential triggering events to be a critical estimate.

Software Development Costs and Cloud Computing Arrangements

Insurance Recoveries

Business Combinations

Convertible Debt Securities

Foreign Currency

at the average exchange rate each quarter. We present resulting translation adjustments as a separate component of stockholders’ equity.

Foreign currency transaction gains and losses not accounted for as translations as discussed above are included under “Other expense (income)” in our consolidated statements of operations.

Operations Expense

Administrative Expense

Advertising

Advertising costs are expensed as incurred and included primarily under “Operations” expense in our consolidated statements of operations.

Stock Compensation

Income Taxes

Tax Cuts and Jobs Act of 2017

Other

We consider our assessment of the recognition of deferred tax assets as well as estimates of uncertain tax positions to be critical estimates.

Earnings per Share and Common Stock

Use of Estimates and Assumptions

of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from the estimates under different assumptions or conditions.

Recently Adopted Accounting Policies

•


•	In August 2016, the FASB issued ASU 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. This ASU provides guidance on eight specific cash flow issues. We adopted this ASU during the first quarter of fiscal 2019 on a prospective basis with no impact on our financial position, results of operations or cash flows.

•

Contingencies (Details) $ in Millions	2 Months Ended
Contingencies (Details) $ in Millions	Aug. 31, 2015 lawsuit	Sep. 30, 2019 USD ($)	May 30, 2019 USD ($)
Loss Contingencies [Line Items]
Proposed settlement		$ 3.6
In Re EZCORP, Inc. Securities Litigation
Loss Contingencies [Line Items]
Number of lawsuits consolidated \| lawsuit	2
Pending Court Approval \| In Re EZCORP, Inc. Securities Litigation
Loss Contingencies [Line Items]
Proposed settlement			$ 4.9

Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Income tax benefit (expense)	$ 708	$ 353	$ (446)

Segment Information (Tables)

12 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule of operating segment information



	Fiscal Year Ended September 30, 2019
	U.S. Pawn		Latin America Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	355,996	$	97,379		$	—		$	453,375		$	—		$	453,375
Jewelry scrapping sales	45,815		14,630			—			60,445			—			60,445
Pawn service charges	248,369		78,997			—			327,366			—			327,366
Other revenues	233		179			5,631			6,043			—			6,043
Total revenues	650,413		191,185			5,631			847,229			—			847,229
Merchandise cost of goods sold	225,136		72,372			—			297,508			—			297,508
Jewelry scrapping cost of goods sold	39,318		13,617			—			52,935			—			52,935
Other cost of revenues	—		—			2,338			2,338			—			2,338
Net revenues	385,959		105,196			3,293			494,448			—			494,448
Operating expenses (income):
Operations	269,003		74,199			7,376			350,578			—			350,578
Administrative	—		—			—			—			63,665			63,665
Depreciation and amortization	11,879		6,267			219			18,365			10,432			28,797
Loss on sale or disposal of assets and other	3,402		691			282			4,375			24			4,399
Interest expense	—		1,609			491			2,100			30,537			32,637
Interest income	—		(1,601		)	—			(1,601		)	(9,485		)	(11,086		)
Equity in net loss of unconsolidated affiliates	—		—			135			135			—			135
Impairment of investment in unconsolidated affiliates	—		—			19,725			19,725			—			19,725
Other expense (income)	—		(93		)	1,895			1,802			(378		)	1,424
Segment contribution (loss)	$	101,675	$	24,124		$	(26,830	)	$	98,969
Income from continuing operations before income taxes									$	98,969		$	(94,795	)	$	4,174



	Fiscal Year Ended September 30, 2018
	U.S. Pawn			Latin America Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	350,699		$	87,673		$	—		$	438,372		$	—		$	438,372
Jewelry scrapping sales	47,745			13,007			—			60,752			—			60,752
Pawn service charges	237,086			67,491			—			304,577			—			304,577
Other revenues	250			85			8,120			8,455			—			8,455
Total revenues	635,780			168,256			8,120			812,156			—			812,156
Merchandise cost of goods sold	216,408			60,210			—			276,618			—			276,618
Jewelry scrapping cost of goods sold	40,417			11,873			—			52,290			—			52,290
Other cost of revenues	—			—			1,697			1,697			—			1,697
Net revenues	378,955			96,173			6,423			481,551			—			481,551
Operating expenses (income):
Operations	263,094			61,553			10,194			334,841			—			334,841
Administrative	—			—			—			—			53,639			53,639
Depreciation and amortization	12,869			4,068			184			17,121			8,363			25,484
Loss on sale or disposal of assets	203			27			—			230			233			463
Interest expense	71			25			—			96			27,738			27,834
Interest income	—			(2,619		)	—			(2,619		)	(14,422		)	(17,041		)
Equity in net income of unconsolidated affiliates	—			—			(5,529		)	(5,529		)	—			(5,529		)
Impairment of investment	—			—			11,712			11,712			—			11,712
Other income	(3		)	(42		)	(132		)	(177		)	(5,214		)	(5,391		)
Segment contribution (loss)	$	102,721		$	33,161		$	(10,006	)	$	125,876
Income from continuing operations before income taxes										$	125,876		$	(70,337	)	$	55,539



	Fiscal Year Ended September 30, 2017
	U.S. Pawn			Latin America Pawn			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	351,878		$	62,957		$	3		$	414,838		$	—		$	414,838
Jewelry scrapping sales	48,203			2,986			—			51,189			—			51,189
Pawn service charges	238,645			34,432			—			273,077			—			273,077
Other revenues	219			645			7,983			8,847			—			8,847
Total revenues	638,945			101,020			7,986			747,951			—			747,951
Merchandise cost of goods sold	223,475			43,050			—			266,525			—			266,525
Jewelry scrapping cost of goods sold	41,434			2,497			—			43,931			—			43,931
Other cost of revenues	—			—			1,988			1,988			—			1,988
Net revenues	374,036			55,473			5,998			435,507			—			435,507
Operating expenses (income):
Operations	260,089			36,419			8,448			304,956			—			304,956
Administrative	—			—			—			—			53,492			53,492
Depreciation and amortization	10,171			2,675			191			13,037			10,624			23,661
Loss on sale or disposal of assets	198			134			—			332			27			359
Interest expense	—			9			—			9			27,794			27,803
Interest income	—			(1,930		)	—			(1,930		)	(10,173		)	(12,103		)
Equity in net income of unconsolidated affiliates	—			—			(4,916		)	(4,916		)	—			(4,916		)
Other income	(19		)	(69		)	(96		)	(184		)	(239		)	(423		)
Segment contribution	$	103,597		$	18,235		$	2,371		$	124,203
Income from continuing operations before income taxes										$	124,203		$	(81,525	)	$	42,678

Reconciliation of segment assets to consolidated

The following table presents separately identified segment assets:



	U.S. Pawn		Latin America Pawn		Other International		Corporate		Total

	(in thousands)
Assets as of September 30, 2019
Pawn loans	$	157,408	$	41,650	$	—	$	—	$	199,058
Pawn service charges receivable, net	27,623		4,179		—		—		31,802
Inventory, net	142,266		37,089		—		—		179,355
Total assets	635,152		202,565		35,041		210,944		1,083,702

Assets as of September 30, 2018
Pawn loans	$	154,986	$	43,477	$	—	$	—	$	198,463
Pawn service charges receivable, net	26,380		4,579		—		—		30,959
Inventory, net	135,154		31,843		—		—		166,997
Total assets	624,174		185,631		56,776		375,199		1,241,780

Schedule of revenues by geographic information

The following tables provide geographic information required by ASC 280-10-50-41:



	Fiscal Year Ended September 30,
	2019		2018		2017

	(in thousands)
Revenues:
United States	$	650,413	$	635,780	$	638,945
Mexico	138,897		122,702		101,020
Other Latin America	52,288		45,554		—
Canada and other	5,631		8,120		7,986
Total revenues	$	847,229	$	812,156	$	747,951

Schedule of long-lived assets by geographic information



	September 30,
	2019		2018

	(in thousands)
Long-lived tangible assets:
United States	$	43,274	$	52,310
Mexico	18,566		18,497
Other Latin America	5,432		2,489
Canada and other	85		353
Total long-lived assets	$	67,357	$	73,649

Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

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

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



		September 30, 2019		September 30, 2018
Financial Assets (Liabilities):	Balance Sheet Location	September 30, 2019		September 30, 2018

		(in thousands)
2019 Convertible Notes Hedges — Level 2	Prepaid expenses and other current assets	$	—	$	2,552
2019 Convertible Notes Embedded Derivative — Level 2	Current maturities of long-term debt, net	—		(2,552		)

Financial assets 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 (including those discussed below the following tables) on a recurring basis:



	Carrying Value		Estimated Fair Value
	September 30, 2019		September 30, 2019		Fair Value Measurement Using
	September 30, 2019		September 30, 2019		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	7,182	$	7,582	$	—	$	—	$	7,582
2.89% promissory note receivable due April 2024	1,117		1,117		—		—		1,117
Investments in unconsolidated affiliates	34,516		28,308		20,252		—		8,056

Financial liabilities:
2024 Convertible Notes	$	111,311	$	139,969	$	—	$	139,969	$	—
2025 Convertible Notes	126,210		138,345		—		138,345		—
8.5% unsecured debt due 2024	1,092		1,092		—		—		1,092
CASHMAX secured borrowing facility	634		634		—		—		634



	Carrying Value		Estimated Fair Value
	September 30, 2018		September 30, 2018		Fair Value Measurement Using
	September 30, 2018		September 30, 2018		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	37,425	$	41,153	$	—	$	—	$	41,153
Investments in unconsolidated affiliates	49,500		49,500		49,500		—		—

Financial liabilities:
2019 Convertible Notes	$	187,433	$	189,150	$	—	$	189,150	$	—
2024 Convertible Notes	105,858		180,399		—		180,399		—
2025 Convertible Notes	119,736		161,253		—		161,253		—
8.5% unsecured debt due 2024	1,304		1,304						1,304

Quarterly Information (Unaudited) - Additional Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Quarterly Financial Data [Line Items]
Loss on expiration of call option	$ 1,900
Amount of adjustment related to revenue	$ (214,339)	$ (202,465)	$ (214,730)	$ (215,695)	$ (205,976)	$ (199,612)	$ (202,398)	$ (204,170)	$ (847,229)	$ (812,156)	$ (747,951)
Amount of adjustment related to interest expense									32,637	27,834	27,803
Full amount of reserve				4,400
Amount of reserve recovered			800
Benefit associated with expiration of statute of limitations on uncertain tax positions						3,300		1,600	1,656	4,402	0
Charge resulting from remeasured deferred tax asset					1,900			$ 2,800		2,100
Shareholder Derivative Litigation \| Beneficial Owner
Quarterly Financial Data [Line Items]
Settlement awarded to other party						6,500
Settlement fee						1,300
Remaining settlement amount						$ 5,200
Cash Converters International Limited
Quarterly Financial Data [Line Items]
Other than temporary impairment, before taxes			6,500	13,300
Other than temporary impairment, net of taxes			$ 5,000	$ 10,300
Cash Converters International Limited \| United Kingdom
Quarterly Financial Data [Line Items]
Impairment of investments					11,700
Impairment of investments, net of tax					$ 9,200
Merchandise sales
Quarterly Financial Data [Line Items]
Amount of adjustment related to revenue									(453,375)	(438,372)	(414,838)
Operating Segments
Quarterly Financial Data [Line Items]
Amount of adjustment related to revenue									(847,229)	(812,156)	(747,951)
Amount of adjustment related to interest expense									2,100	96	9
Operating Segments \| Merchandise sales
Quarterly Financial Data [Line Items]
Amount of adjustment related to revenue									(453,375)	(438,372)	(414,838)
Operating Segments \| Latin America Pawn
Quarterly Financial Data [Line Items]
Amount of adjustment related to revenue									(191,185)	(168,256)	(101,020)
Amount of adjustment related to interest expense									1,609	25	9
Operating Segments \| Latin America Pawn \| Merchandise sales
Quarterly Financial Data [Line Items]
Amount of adjustment related to revenue									$ (97,379)	$ (87,673)	$ (62,957)
Corrections \| Operating Segments \| Latin America Pawn
Quarterly Financial Data [Line Items]
Total amount of adjustment		6,100
Amount of adjustment related to interest expense		1,500
Corrections \| Operating Segments \| Latin America Pawn \| Merchandise sales
Quarterly Financial Data [Line Items]
Amount of adjustment related to revenue		$ 4,600

Income Taxes - Reconciliation of Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Provision for income taxes attributable to continuing operations
Income tax expense at the federal statutory rate			$ 878	$ 13,623	$ 14,937
State taxes, net of federal benefit			184	1,265	(242)
Mexico inflation adjustment			(801)	(936)	(1,286)
Non-deductible items			2,088	2,214	1,114
Tax credits			(551)	(615)	(536)
Foreign rate differential			1,080	1,405	(151)
Change in valuation allowance			1,601	3,986	(2,030)
Stock compensation			(711)	0	(386)
Uncertain tax positions			(1,596)	(4,808)	202
Change in tax rate resulting from enactment of the Act			0	2,558	0
Other			234	(303)	(529)
Total income tax expense	$ (1,058)	$ 7,411	$ 2,406	$ 18,389	$ 11,093
Effective tax rate			58.00%	33.00%	26.00%

Quarterly Information (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly information

We revised certain historical amounts below as further described in Note 1.



	First Quarter			Second Quarter			Third Quarter			Fourth Quarter

	(in thousands, except per share amounts)
Year Ended September 30, 2019
Total revenues	$	215,695		$	214,730		$	202,465		$	214,339
Net revenues	130,049			127,690			115,853			120,856
(Loss) income from continuing operations, net of tax	(3,660		)	2,659			3,361			(592		)
Loss from discontinued operations, net of tax	(183		)	(18		)	(203		)	(53		)
Net (loss) income	(3,843		)	2,641			3,158			(645		)
Net loss attributable to noncontrolling interest	(477		)	(753		)	—			—
Net (loss) income attributable to EZCORP, Inc.	$	(3,366	)	$	3,394		$	3,158		$	(645	)

Basic earnings per share attributable to EZCORP, Inc.:
Continuing operations	$	(0.06	)	$	0.06		$	0.06		$	(0.01	)
Discontinued operations	—			—			—			—
Basic earnings per share	$	(0.06	)	$	0.06		$	0.06		$	(0.01	)

Diluted earnings per share attributable to EZCORP, Inc.:
Continuing operations	$	(0.06	)	$	0.06		$	0.06		$	(0.01	)
Discontinued operations	—			—			—			—
Diluted earnings per share	$	(0.06	)	$	0.06		$	0.06		$	(0.01	)



	First Quarter			Second Quarter			Third Quarter			Fourth Quarter

	(in thousands, except per share amounts)
Year Ended September 30, 2018
Total revenues	$	204,170		$	202,398		$	199,612		$	205,976
Net revenues	122,089			120,257			114,742			124,463
(Loss) income from continuing operations, net of tax	12,246			11,707			14,004			(807		)
(Loss) income from discontinued operations, net of tax	(222		)	(500		)	91			(225		)
Net (loss) income	12,024			11,207			14,095			(1,032		)
Net income (loss) attributable to noncontrolling interest	(615		)	(374		)	(359		)	360
Net (loss) income attributable to EZCORP, Inc.	$	12,639		$	11,581		$	14,454		$	(1,392	)

Basic earnings per share attributable to EZCORP, Inc.:
Continuing operations	$	0.24		$	0.22		$	0.26		$	(0.02	)
Discontinued operations	—			(0.01		)	—			—
Basic earnings per share	$	0.24		$	0.21		$	0.26		$	(0.02	)

Diluted earnings per share attributable to EZCORP, Inc.:
Continuing operations	$	0.23		$	0.21		$	0.25		$	(0.02	)
Discontinued operations	—			(0.01		)	—			—
Diluted earnings per share	$	0.23		$	0.20		$	0.25		$	(0.02	)

Debt - CASHMAX Secured Borrowing Facility (Details) $ in Thousands	Sep. 30, 2019 USD ($)	Nov. 30, 2018 CAD ($)	Sep. 30, 2018 USD ($)
Debt Instrument [Line Items]
Amount outstanding	$ 317,976		$ 515,106
Receivables Securitization Facility \| CASHMAX secured borrowing facility
Debt Instrument [Line Items]
Amount outstanding	$ 634		$ 0
Variable Interest Entity, Primary Beneficiary \| Receivables Securitization Facility \| CASHMAX secured borrowing facility
Debt Instrument [Line Items]
Maximum borrowing amount		$ 25,000,000

Employment Agreements and Retirement Plans - Supplemental Executive Retirement Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Retirement Benefits [Abstract]
Contributions to the Supplemental Executive Retirement Plan	$ 509	$ 483	$ 536
Amortized expense due to Supplemental Executive Retirement Plan	$ 474	$ 476	$ 544

Fair Value Measurements - Additional Disclosures (Details)			1 Months Ended		3 Months Ended		12 Months Ended
	Oct. 27, 2017	Oct. 26, 2017	Sep. 30, 2019 USD ($) term	Mar. 31, 2019 USD ($)	Sep. 30, 2019 USD ($) term	Sep. 30, 2018 USD ($)	Sep. 30, 2019 USD ($) term	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($) loan	Jun. 30, 2019 USD ($)	Apr. 30, 2019 USD ($)	Jun. 30, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Additional percentage of equity interest			43.00%
Purchase price of additional equity interest			$ 1
Noncontrolling interest amount			2,800,000		$ 2,800,000		$ 2,800,000
Loss on deconsolidation							$ 300,000
Loss on expiration of call option					1,900,000
Ownership percentage after dilution							0.13
Amount received in previously escrowed seller funds				$ 1,100,000
Gain on restructured notes receivable									$ 3,000,000.0
Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restructured notes receivable, estimated settlement amount									$ 14,000,000.0
2019 Convertible Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate												2.125%
Not primary beneficiary, variable interest
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Principal collections on notes receivable			6,000,000.0				$ 34,100,000	$ 32,400,000
Number of promissory notes outstanding \| loan									2
Notes receivable, related party									$ 60,900,000
Notes receivable outstanding balance									18,300,000
Restructured notes receivable, estimated settlement amount									14,000,000.0
Adjusted deferred compensation fee with early loan repayment										$ 10,000,000.0
Gain on restructured notes receivable						$ 3,000,000.0
Dollars denominated notes interest \| Not primary beneficiary, variable interest
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivable, interest rate	10.00%	4.00%
Pesos denominated notes interest \| Not primary beneficiary, variable interest
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivable, interest rate	14.50%	7.50%
Fee Due Date One \| Not primary beneficiary, variable interest
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restructured notes receivable, estimated settlement amount			6,000,000.0		6,000,000.0		6,000,000.0		6,000,000.0
Fee Due Date Two \| Not primary beneficiary, variable interest
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restructured notes receivable, estimated settlement amount									4,000,000.0
Fee Due Date Three \| Not primary beneficiary, variable interest
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restructured notes receivable, estimated settlement amount									$ 4,000,000.0
Fee Due Date Two and Three \| Not primary beneficiary, variable interest
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restructured notes receivable, estimated settlement amount			$ 8,000,000.0		$ 8,000,000.0		$ 8,000,000.0
Escrow subject to indemnification claims \| Not primary beneficiary, variable interest
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Escrow deposit						4,100,000		4,100,000
Measurement Input, Discount Rate \| Notes receivable, net (including accreted deferred compensation of $9.2 million and $0.1 million as of September 30, 2018 and 2017, respectively) \| Level 3 \| Income Approach Valuation Technique \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value assumptions, discount rate			0.07		0.07		0.07
Measurement Input, Expected Term \| Notes receivable, net (including accreted deferred compensation of $9.2 million and $0.1 million as of September 30, 2018 and 2017, respectively) \| Not primary beneficiary, variable interest
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument, expected term input \| term			2		2		2
Retained Investment in Subsidiary
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity interest				5.00%
Convertible Promissory Note, Zero-Coupon, Due 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Non-interest bearing convertible promissory note				$ 9,100,000
Ownership interest				10.00%
Fair value of notes receivable			$ 6,800,000		$ 6,800,000		$ 6,800,000
Secured Promissory Note 2.89%, Due 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of notes receivable											$ 1,100,000
Notes receivable, interest rate				2.89%			2.89%
Carrying Value \| 2019 Convertible Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible promissory note						$ 187,433,000		$ 187,433,000
Carrying Value \| Convertible Promissory Note, Zero-Coupon, Due 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible promissory note			$ 7,400,000		$ 7,400,000		$ 7,400,000

Segment Information - Operating Segment Information (Details)	3 Months Ended								12 Months Ended
	Sep. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2019 USD ($) segment	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| segment									3
Revenues:
Total revenues	$ 214,339,000	$ 202,465,000	$ 214,730,000	$ 215,695,000	$ 205,976,000	$ 199,612,000	$ 202,398,000	$ 204,170,000	$ 847,229,000	$ 812,156,000	$ 747,951,000
Net revenues	$ 120,856,000	$ 115,853,000	$ 127,690,000	130,049,000	$ 124,463,000	$ 114,742,000	$ 120,257,000	122,089,000	494,448,000	481,551,000	435,507,000
Operating expenses:
Operations				88,763,000				83,592,000	350,578,000	334,841,000	304,956,000
Administrative				15,255,000				13,081,000	63,665,000	53,639,000	53,492,000
Depreciation and amortization									28,797,000	25,484,000	23,661,000
Loss on sale or disposal of assets and other									4,399,000	463,000	359,000
Interest expense									32,637,000	27,834,000	27,803,000
Interest income									(11,086,000)	(17,041,000)	(12,103,000)
Equity in net loss (income) of unconsolidated affiliates									135,000	(5,529,000)	(4,916,000)
Impairment of investment in unconsolidated affiliates									19,725,000	11,712,000	0
Other income									1,424,000	(5,391,000)	(423,000)
Income from continuing operations before income taxes				$ (4,718,000)				$ 19,709,000	4,174,000	55,539,000	42,678,000
Operating Segments
Revenues:
Total revenues									847,229,000	812,156,000	747,951,000
Net revenues									494,448,000	481,551,000	435,507,000
Operating expenses:
Operations									350,578,000	334,841,000	304,956,000
Administrative									0	0	0
Depreciation and amortization									18,365,000	17,121,000	13,037,000
Loss on sale or disposal of assets and other									4,375,000	230,000	332,000
Interest expense									2,100,000	96,000	9,000
Interest income									(1,601,000)	(2,619,000)	(1,930,000)
Equity in net loss (income) of unconsolidated affiliates									135,000	(5,529,000)	(4,916,000)
Impairment of investment in unconsolidated affiliates									19,725,000	11,712,000
Other income									1,802,000	(177,000)	(184,000)
Income from continuing operations before income taxes									98,969,000	125,876,000	124,203,000
Operating Segments \| U.S. Pawn
Revenues:
Total revenues									650,413,000	635,780,000	638,945,000
Net revenues									385,959,000	378,955,000	374,036,000
Operating expenses:
Operations									269,003,000	263,094,000	260,089,000
Administrative									0	0	0
Depreciation and amortization									11,879,000	12,869,000	10,171,000
Loss on sale or disposal of assets and other									3,402,000	203,000	198,000
Interest expense									0	71,000	0
Interest income									0	0	0
Equity in net loss (income) of unconsolidated affiliates									0	0	0
Impairment of investment in unconsolidated affiliates									0	0
Other income									0	(3,000)	(19,000)
Income from continuing operations before income taxes									101,675,000	102,721,000	103,597,000
Operating Segments \| Latin America Pawn
Revenues:
Total revenues									191,185,000	168,256,000	101,020,000
Net revenues									105,196,000	96,173,000	55,473,000
Operating expenses:
Operations									74,199,000	61,553,000	36,419,000
Administrative									0	0	0
Depreciation and amortization									6,267,000	4,068,000	2,675,000
Loss on sale or disposal of assets and other									691,000	27,000	134,000
Interest expense									1,609,000	25,000	9,000
Interest income									(1,601,000)	(2,619,000)	(1,930,000)
Equity in net loss (income) of unconsolidated affiliates									0	0	0
Impairment of investment in unconsolidated affiliates									0	0
Other income									(93,000)	(42,000)	(69,000)
Income from continuing operations before income taxes									24,124,000	33,161,000	18,235,000
Operating Segments \| Other International
Revenues:
Total revenues									5,631,000	8,120,000	7,986,000
Net revenues									3,293,000	6,423,000	5,998,000
Operating expenses:
Operations									7,376,000	10,194,000	8,448,000
Administrative									0	0	0
Depreciation and amortization									219,000	184,000	191,000
Loss on sale or disposal of assets and other									282,000	0	0
Interest expense									491,000	0	0
Interest income									0	0	0
Equity in net loss (income) of unconsolidated affiliates									135,000	(5,529,000)	(4,916,000)
Impairment of investment in unconsolidated affiliates									19,725,000	11,712,000
Other income									1,895,000	(132,000)	(96,000)
Income from continuing operations before income taxes									(26,830,000)	(10,006,000)	2,371,000
Corporate
Revenues:
Total revenues									0	0	0
Net revenues									0	0	0
Operating expenses:
Operations									0	0	0
Administrative									63,665,000	53,639,000	53,492,000
Depreciation and amortization									10,432,000	8,363,000	10,624,000
Loss on sale or disposal of assets and other									24,000	233,000	27,000
Interest expense									30,537,000	27,738,000	27,794,000
Interest income									(9,485,000)	(14,422,000)	(10,173,000)
Equity in net loss (income) of unconsolidated affiliates									0	0	0
Impairment of investment in unconsolidated affiliates									0	0
Other income									(378,000)	(5,214,000)	(239,000)
Income from continuing operations before income taxes									(94,795,000)	(70,337,000)	(81,525,000)
Merchandise sales
Revenues:
Total revenues									453,375,000	438,372,000	414,838,000
Cost of goods sold									297,508,000	276,618,000	266,525,000
Merchandise sales \| Operating Segments
Revenues:
Total revenues									453,375,000	438,372,000	414,838,000
Cost of goods sold									297,508,000	276,618,000	266,525,000
Merchandise sales \| Operating Segments \| U.S. Pawn
Revenues:
Total revenues									355,996,000	350,699,000	351,878,000
Cost of goods sold									225,136,000	216,408,000	223,475,000
Merchandise sales \| Operating Segments \| Latin America Pawn
Revenues:
Total revenues									97,379,000	87,673,000	62,957,000
Cost of goods sold									72,372,000	60,210,000	43,050,000
Merchandise sales \| Operating Segments \| Other International
Revenues:
Total revenues									0	0	3,000
Cost of goods sold									0	0	0
Merchandise sales \| Corporate
Revenues:
Total revenues									0	0	0
Cost of goods sold									0	0	0
Jewelry scrapping sales
Revenues:
Total revenues									60,445,000	60,752,000	51,189,000
Cost of goods sold									52,935,000	52,290,000	43,931,000
Jewelry scrapping sales \| Operating Segments
Revenues:
Total revenues									60,445,000	60,752,000	51,189,000
Cost of goods sold									52,935,000	52,290,000	43,931,000
Jewelry scrapping sales \| Operating Segments \| U.S. Pawn
Revenues:
Total revenues									45,815,000	47,745,000	48,203,000
Cost of goods sold									39,318,000	40,417,000	41,434,000
Jewelry scrapping sales \| Operating Segments \| Latin America Pawn
Revenues:
Total revenues									14,630,000	13,007,000	2,986,000
Cost of goods sold									13,617,000	11,873,000	2,497,000
Jewelry scrapping sales \| Operating Segments \| Other International
Revenues:
Total revenues									0	0	0
Cost of goods sold									0	0	0
Jewelry scrapping sales \| Corporate
Revenues:
Total revenues									0	0	0
Cost of goods sold									0	0	0
Pawn service charges
Revenues:
Total revenues									327,366,000	304,577,000	273,077,000
Pawn service charges \| Operating Segments
Revenues:
Total revenues									327,366,000	304,577,000	273,077,000
Pawn service charges \| Operating Segments \| U.S. Pawn
Revenues:
Total revenues									248,369,000	237,086,000	238,645,000
Pawn service charges \| Operating Segments \| Latin America Pawn
Revenues:
Total revenues									78,997,000	67,491,000	34,432,000
Pawn service charges \| Operating Segments \| Other International
Revenues:
Total revenues									0	0	0
Pawn service charges \| Corporate
Revenues:
Total revenues									0	0	0
Other revenues
Revenues:
Total revenues									6,043,000	8,455,000	8,847,000
Cost of goods sold									2,338,000	1,697,000	1,988,000
Other revenues \| Operating Segments
Revenues:
Total revenues									6,043,000	8,455,000	8,847,000
Cost of goods sold									2,338,000	1,697,000	1,988,000
Other revenues \| Operating Segments \| U.S. Pawn
Revenues:
Total revenues									233,000	250,000	219,000
Cost of goods sold									0	0	0
Other revenues \| Operating Segments \| Latin America Pawn
Revenues:
Total revenues									179,000	85,000	645,000
Cost of goods sold									0	0	0
Other revenues \| Operating Segments \| Other International
Revenues:
Total revenues									5,631,000	8,120,000	7,983,000
Cost of goods sold									2,338,000	1,697,000	1,988,000
Other revenues \| Corporate
Revenues:
Total revenues									0	0	0
Cost of goods sold									$ 0	$ 0	$ 0

Stock Compensation (Tables)

12 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Compensation costs included in net income

The following table presents amounts related to our stock compensation arrangements:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands)
Share-based compensation costs	$	9,751		$	10,784		$	5,866
Income tax benefits on share-based compensation	(1,098		)	(1,656		)	(2,053		)

Summary of restricted stock award activity

The following table presents a summary of stock compensation activity:



	Shares		Weighted Average Grant Date Fair Value

Outstanding as of September 30, 2018	3,555,725		$	7.76
Granted	1,152,653		9.29
Vested and released (a)	(1,314,905	)	5.91
Forfeited	(368,319	)	6.65
Outstanding as of September 30, 2019	3,025,154		$	9.29


(a)	360,489 shares were withheld to satisfy related federal income tax withholding.

The following table presents a summary of the fair value of shares granted:



	Fiscal Year Ended September 30,
	2019		2018		2017

	(in millions except per share amounts)
Weighted average grant-date fair value per share granted (a)	$	9.29	$	9.75	$	9.57
Total grant date fair value of shares vested	$	11.8	$	2.3	$	3.8

(a)

Awards with performance and time-based vesting provisions are generally valued based upon the underlying share price as of the issuance date.

Summary of Significant Accounting Policies - Property and Equipment (Details)	12 Months Ended
	Sep. 30, 2019
Building
Property, Plant and Equipment [Line Items]
Estimated useful life	30 years
Furniture, equipment, and software development costs \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Furniture, equipment, and software development costs \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years

Strategic Investments - Additional Information (Details) $ in Thousands, $ in Millions	1 Months Ended		3 Months Ended			12 Months Ended			104 Months Ended
	Jun. 30, 2018 USD ($) shares	Jun. 30, 2018 AUD ($) shares	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Sep. 30, 2019 USD ($) shares	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2018 USD ($)
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity method investment						$ 0	$ 14,036	$ 0
Income (loss) from equity method investments						$ (135)	5,529	4,916
Cash Converters International Limited
Schedule of Equity Method Investments [Line Items]
Number of common shares owned \| shares						214,183,714
Percentage of common shares owned						34.75%
Payments to acquire equity method investment									$ 96,100
Number of shares acquired (shares) \| shares	57,631,230	57,631,230
Value of shares acquired	$ 14,000	$ 39.5
Percentage of ownership increase	3.00%	3.00%
Income (loss) from equity method investments						$ 100	$ 5,500	4,900
Dividends received								$ 1,200
Accumulated undistributed after-tax earnings included in consolidated retained earnings						15,900
Other than temporary impairment, before taxes			$ 6,500	$ 13,300
Other than temporary impairment, net of taxes			$ 5,000	$ 10,300
Impairment of investment, not other-than-temporary						$ 6,200
United Kingdom \| Cash Converters International Limited
Schedule of Equity Method Investments [Line Items]
Impairment of investments					$ 11,700
Impairment of investments, net of tax					$ 9,200
Underwritten Placement \| Cash Converters International Limited
Schedule of Equity Method Investments [Line Items]
Number of shares acquired (shares) \| shares	123,300,000	123,300,000

Acquisitions

12 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Acquisitions

NOTE 2: ACQUISITIONS

Fiscal 2019 Acquisitions

In June 2019, we acquired assets related to seven pawn stores operating under the name "Metro Pawn" in Nevada, entering the Reno market and expanding our presence in the Las Vegas metropolitan area, for an aggregate purchase price of $7.0 million in cash, of which $3.9 million was recorded as goodwill. In December 2018, we acquired assets related to five pawn stores in Mexico for an aggregate purchase price of $0.3 million in cash, of which $0.1 million was recorded as goodwill. We expect substantially all goodwill attributable to the fiscal 2019 acquisitions to be deductible for tax purposes. We have concluded that these acquisitions were immaterial to our overall consolidated financial results and, therefore, have omitted information that would otherwise be required.

Camira Administration Corp. and Subsidiaries (“GPMX”) in Fiscal 2018

On October 6, 2017, we completed the acquisition of 100% of the outstanding stock of Camira Administration Corp. and subsidiaries (“GPMX”), a business that, at the time, owned and operated 112 stores located in Guatemala, El Salvador, Honduras and Peru. The GPMX acquisition significantly expanded our store base into Latin American countries outside of Mexico and provided 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.

All Other Fiscal 2018 Acquisitions

On June 25, 2018, we acquired 40 pawn stores operating under the name “Montepio San Patricio” in and around Mexico City, the largest market in Mexico. The acquisition of these stores was our largest acquisition in Mexico to date and significantly strengthened our competitive position in the strategically important Mexico City metropolitan area. The physical space in these stores is substantially larger than our average store in Mexico, giving us the capacity to increase their focus on general merchandise pawn loan and retail activities.

On June 11, 2018, we acquired 23 pawn stores operating under the name “Presta Dinero,” giving us a presence in a number of cities within seven central-Mexico states in which we already had stores. These stores complemented our existing stores, allowing us to achieve synergies in management and administration while giving us a presence in new cities and neighborhoods.

On December 4, 2017, we acquired 21 pawn stores located in the Mexican state of Sinaloa operating under the name “Bazareño.” The Bazareño stores made up the largest chain of pawn stores in Culiacan, the capital city of Sinaloa, giving us the number one position in that market and an important strategic presence in the northwest region of Mexico.

The purchase prices of the above acquisitions were paid in cash. During the first quarter of fiscal 2019, we finalized accounting for the Montepio San Patricio and Presta Dinero acquisitions, and increased associated deferred tax assets by $1.8 million with an offsetting reduction in goodwill.

These acquisitions, collectively referred to as "All Other" below, were individually immaterial and we have therefore omitted or aggregated certain disclosures.

Other Information for Fiscal 2018 Acquisitions

The acquisitions described above were all attributable to our Latin America Pawn segment. Including the revision of values and finalization of accounting for certain assets associated with the acquisition of Montepio San Patricio and Presta Dinero, the allocation of the consideration for the net acquired assets from our fiscal 2018 business combinations was as follows:



	GPMX			All Other

	(in thousands)
Cash and cash equivalents	$	2,560		$	—
Earning assets	17,247			8,347
Other assets**	2,145			3,737
Property and equipment, intangible assets, deferred taxes and other assets, net*	11,671			13,678
Goodwill**	34,816			7,770
Accounts payable, deferred taxes and other liabilities	(6,723		)	1,621
Total consideration	$	61,716		$	35,153


*	Intangible assets consist primarily of $9.8 million and $6.6 million in trade names acquired with indefinite useful lives, for GPMX and All Other, respectively.


**	As discussed in Note 1, certain adjustments were made to pawn service charges receivable and associated goodwill balances.

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 acquisitions, 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 the acquired businesses have been included in our consolidated financial statements beginning after the acquisition dates as indicated above in our Latin America Pawn segment with revenue and net income amounts as presented below. Such net income does not include acquisition-related costs of approximately $0.6 million for fiscal 2018, which were expensed as incurred and primarily included under “Administrative” expense in our consolidated statements of operations. It is impracticable to provide historical supplemental pro forma financial information for GPMX and All Other acquisitions due to a variety of factors, including complexity of restructured entities acquired and access to historical information, such as

information necessary to eliminate intercompany transactions.



	Fiscal Year Ended September 30, 2018
	Revenue		Net Income


GPMX	$	46.5	$	8.0
All Other	7.5		1.3

Fiscal 2017 Acquisitions

In August 2017, we acquired certain assets related to two pawn stores in Central Texas and one pawn store in Las Vegas, Nevada. The aggregate purchase price for these transactions in total was $2.3 million in cash, of which $0.4 million was recorded as goodwill. For additional discussion of the Central Texas acquisition, see Note 11. We expect substantially all goodwill attributable to the fiscal 2017 acquisitions will be deductible for tax purposes. We have concluded that these acquisitions were immaterial to our overall consolidated financial results and, therefore, have omitted information that would otherwise be required.

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Schedule of domestic and foreign income components

The following table presents the components of our income from continuing operations before income taxes, including inter-segment amounts:



	Fiscal Year Ended September 30,
	2019			2018		2017

	(in thousands)
Domestic*	$	(9,609	)	$	28,645	$	29,598
Foreign	13,783			26,894		13,080
	$	4,174		$	55,539	$	42,678

Includes the majority of our corporate administrative costs. See Note 15 for information pertaining to segment contribution.

Components of income tax provision

The following table presents the significant components of the income tax provision from continuing operations:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands)
Current:
Federal	$	431		$	(26	)	$	1,043
State and foreign	704			9,288			6,233
	1,135			9,262			7,276
Deferred:
Federal*	(4,264		)	9,498			4,082
State and foreign	5,535			(371		)	(265		)
	1,271			9,127			3,817
Total income tax expense	$	2,406		$	18,389		$	11,093

Reconciliation of income taxes calculated at the statutory rate and the provision for income taxes

The following table presents a reconciliation of income taxes calculated at the statutory rate and the provision for income taxes attributable to continuing operations:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands)
Income tax expense at the federal statutory rate	$	878		$	13,623		$	14,937
State taxes, net of federal benefit	184			1,265			(242		)
Mexico inflation adjustment	(801		)	(936		)	(1,286		)
Non-deductible items	2,088			2,214			1,114
Tax credits	(551		)	(615		)	(536		)
Foreign rate differential	1,080			1,405			(151		)
Change in valuation allowance	1,601			3,986			(2,030		)
Stock compensation	(711		)	—			(386		)
Uncertain tax positions	(1,596		)	(4,808		)	202
Change in tax rate resulting from enactment of the Act	—			2,558			—
Other	234			(303		)	(529		)
Total income tax expense	$	2,406		$	18,389		$	11,093
Effective tax rate	58		%	33		%	26		%

Significant components of deferred tax assets and liabilities

The following table shows significant components of our deferred tax assets and liabilities:



	September 30,
	2019			2018

	(in thousands)
Deferred tax assets:
Cash Converters International	$	14,616		$	9,782
Tax over book inventory	6,858			11,963
Accrued liabilities	4,518			4,664
Pawn service charges receivable	1,699			2,171
Stock compensation	2,758			3,328
Foreign tax credit	2,638			2,638
Capital loss carryforward	—			3,006
State and foreign net operating loss carryforwards	15,806			15,223
Book over tax depreciation	2,659			972
Other	2,159			134
Total deferred tax assets before valuation allowance	53,711			53,881
Valuation allowance	(18,094		)	(20,254		)
Net deferred tax assets	35,617			33,627
Deferred tax liabilities:
Tax over book amortization	19,042			15,700
Note receivable discount	15,416			17,396
Prepaid expenses	1,146			1,362
Total deferred tax liabilities	35,604			34,458
Net deferred tax asset (liability)	$	13		$	(831	)

Schedule of unrecognized tax benefits

The following table presents a rollforward of unrecognized tax benefits:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands)
Beginning balance	$	3,091		$	6,530		$	6,058
Increase for tax positions taken during a prior period	—			963			—
Increase for tax positions taken during the current period	—			—			472
Decrease for tax positions as a result of the lapse of the statute of limitations	(1,656		)	(4,402		)	—
Ending balance	$	1,435		$	3,091		$	6,530

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Changes in the carrying value of goodwill, by segment
Beginning Balance	$ 299,248
Ending Balance	300,527	$ 299,248
Continuing Operations \| U.S. Pawn
Changes in the carrying value of goodwill, by segment
Beginning Balance	247,894	247,894
Acquisitions	3,858	0
Effect of foreign currency translation changes	0	0
Ending Balance	251,752	247,894
Continuing Operations \| Latin America Pawn
Changes in the carrying value of goodwill, by segment
Beginning Balance	51,354	6,866
Acquisitions	(1,721)	44,366
Effect of foreign currency translation changes	(858)	122
Ending Balance	48,775	51,354
Consolidated
Changes in the carrying value of goodwill, by segment
Beginning Balance	299,248	254,760
Acquisitions	2,137	44,366
Effect of foreign currency translation changes	(858)	122
Ending Balance	$ 300,527	$ 299,248

Fair Value Measurements - Recurring Fair Value Measurements (Details) - Level 2 - Recurring - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018
Prepaid expenses and other current assets \| Convertible Notes Hedges
Financial Assets (Liabilities):
Derivative asset	$ 0	$ 2,552
Current maturities of long-term debt, net \| Convertible Notes Embedded Derivative
Financial Assets (Liabilities):
Derivative liability	$ 0	$ (2,552)

Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2019

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:



	Fiscal Year Ended September 30,
	2019			2018			2017

	(in thousands, except per share amounts)
Net income from continuing operations attributable to EZCORP (A)	$	2,998		$	38,138		$	33,235
Loss from discontinued operations, net of tax (B)	(457		)	(856		)	(1,825		)
Net income attributable to EZCORP (C)	$	2,541		$	37,282		$	31,410

Weighted average outstanding shares of common stock (D)	55,341			54,456			54,260
Dilutive effect of restricted stock and 2024 Convertible Notes*	643			3,440			108
Weighted average common stock and common stock equivalents (E)	55,984			57,896			54,368

Basic earnings per share attributable to EZCORP:
Continuing operations (A / D)	$	0.05		$	0.70		$	0.61
Discontinued operations (B / D)	(0.01		)	(0.02		)	(0.03		)
Basic earnings per share (C / D)	$	0.04		$	0.68		$	0.58

Diluted earnings per share attributable to EZCORP:
Continuing operations (A / E)	$	0.05		$	0.66		$	0.61
Discontinued operations (B / E)	(0.01		)	(0.02		)	(0.03		)
Diluted earnings per share (C / E)	$	0.04		$	0.64		$	0.58

Potential common shares excluded from the calculation of diluted earnings per share above*:
Restricted stock**	2,121			2,218			2,356


*	See Note 8 for discussion of the terms and conditions of the potential impact of the 2019 Convertible Notes Warrants, 2024 Convertible Notes and 2025 Convertible Notes. As required by ASC 260-10-45-19, amount excludes all potential common shares for periods when there is a loss from continuing operations.

Strategic Investments

12 Months Ended

Sep. 30, 2019

Equity Method Investments and Joint Ventures [Abstract]

Strategic Investments

NOTE 4: STRATEGIC INVESTMENTS

As of September 30, 2019, we owned 214,183,714 shares, or approximately 34.75%, of Cash Converters International, which is, as a result, our unconsolidated affiliate. Our total investment in Cash Converters International was acquired between November 2009 and June 2018 for approximately $96.1 million, including the acquisition of 57,631,230 shares in June 2018 for $14.0 million (increasing our ownership by three percentage points) in connection with an underwritten placement of 123.3 million shares by Cash Converters International for AUD $39.5 million, excluding related costs.

Our equity in Cash Converters International’s net income was $0.1 million, $5.5 million and $4.9 million in fiscal 2019, 2018 and 2017, respectively. Cash Converters International did not declare or pay a dividend in fiscal 2019. We recorded dividends from Cash Converters International of $1.2 million in fiscal 2017, which were reinvested. Cash Converters International’s accumulated undistributed after-tax earnings included in our consolidated retained earnings were $15.9 million as of September 30, 2019.



	June 30,
	2019		2018

	(in thousands)
Current assets	$	173,826	$	229,105
Non-current assets	152,483		148,195
Total assets	$	326,309	$	377,300

Current liabilities	$	77,434	$	122,924
Non-current liabilities	26,163		15,449
Shareholders’ equity	222,712		238,927
Total liabilities and shareholders’ equity	$	326,309	$	377,300



	Fiscal Year Ended June 30,
	2019			2018		2017

	(in thousands)
Gross revenues	$	201,365		$	201,800	$	204,509
Gross profit	111,932			128,366		130,943
Net (loss) profit	(1,210		)	17,443		15,546

Through fiscal 2019, the fair value of our investment in Cash Converters International, as estimated by reference to its quoted market price per share and the applicable foreign currency exchange rate, declined from its value at September 30, 2018 and ended each quarter below its carrying value. For the first and second quarters of fiscal 2019, we determined that our investment was impaired and that such impairment was "other-than-temporary." In reaching this conclusion, we considered all available evidence, including evidence in existence as of September 30, 2018 as discussed below. Additionally, we noted the following developments subsequent to September 30, 2018: (i) continued decline in Cash Converters International's share price; and (ii) ongoing uncertainty around the Queensland, Australia class action lawsuit regarding historical lending practices by Cash Converters International, for which a settlement agreement was reached subsequent to September 30, 2019. As a result, we recognized "other-than-temporary" impairments in Cash Converters International of $13.3 million ($10.3 million, net of taxes) and $6.5 million ($5.0 million, net of taxes) during the first and second quarters of fiscal 2019, respectively. The fair value of our investment in Cash Converters International was $6.2 million below its carrying value as of September 30, 2019, which we determined was not other-than temporary primarily as a result of the subsequent settlement of the remaining Queensland, Australia class action lawsuit and recovery of share price. See Note 18 for discussion of resolution of the Queensland, Australia class action lawsuit.

During fiscal 2018, the fair value of our investment in Cash Converters International, as estimated by reference to its quoted market price per share, declined from September 30, 2017 and ended below its carrying value as of September 30, 2018. As of September 30, 2018, we determined that our investment was impaired and that such impairment was other-than-temporary. In reaching this conclusion, we considered all available evidence, including the following: (i) positive earnings reported for the previous two years; (ii) resolution of Australian Securities and Investment Commission Enforceable Undertaking in May 2018;

(iii) executive turnover including announcement of its chief executive officer’s departure in August 2018; (iv) outstanding Queensland class action litigation; (v) ongoing uncertainty around Australian legislative action; (vi) continued cessation of dividend payments; (vii) available analyst reports including associated future earnings and cash flow forecasts; and (viii) the prolonged drop in Cash Converters International’s stock price. As a result, we recognized an other-than-temporary impairment in Cash Converters International of $11.7 million ($9.2 million, net of taxes) in fiscal 2018.

The above impairments increased the difference between the amount at which our investment was carried and the amount of underlying equity in net assets of Cash Converters International as discussed in Note 1 and were recorded under “Impairment of investment” in our consolidated statements of operations in the “Other International” segment. We will 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 additional impairment charges should the fair value of our investment in Cash Converters International further decline 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.

Summary of Significant Accounting Policies - Description of Business (Details)	Sep. 30, 2019 store country
Description of Business [Line Items]
Number of stores	1,014
Number of countries in which entity operates \| country	15
United States \| Pawn Stores
Description of Business [Line Items]
Number of stores	512
Mexico \| Pawn Stores
Description of Business [Line Items]
Number of stores	357
Guatemala, El Salvador, Honduras and Peru \| Pawn Stores
Description of Business [Line Items]
Number of stores	123
Canada and other \| Financial Services Stores
Description of Business [Line Items]
Number of stores	22
Cash Converters International Limited
Description of Business [Line Items]
Percentage of ownership	34.75%
Cash Converters New Zealand
Description of Business [Line Items]
Percentage of ownership	25.00%

Leases - Additional Disclosure (Details) $ in Thousands		1 Months Ended	3 Months Ended	12 Months Ended
Leases - Additional Disclosure (Details) $ in Thousands	Oct. 31, 2018 USD ($)	Dec. 31, 2014 USD ($) extension_option	Mar. 31, 2015 USD ($)	Sep. 30, 2018	Sep. 30, 2019 USD ($)	Sep. 30, 2017 USD ($)	Sep. 30, 2016 USD ($)
Operating Leased Assets [Line Items]
Estimated minimum future rental payments					$ 267,886
Estimated future minimum sublease payments					12,607
Gain on early termination of sublease	$ 700
Corporate Office Lease
Operating Leased Assets [Line Items]
Initial term of lease, in years		13 years
Annual rent at lease inception		$ 2,500
Annual rent in the terminal year of lease		$ 3,900
Number of extension options \| extension_option		2
Renewable term of lease, in years		5 years
Estimated minimum future rental payments					$ 38,100
Estimated future minimum sublease payments						$ 12,200	$ 12,200
Initial leased premises surrendered				15.00%
Regional Offices Sublease \| Miami and Mexico City
Operating Leased Assets [Line Items]
Estimated future minimum sublease payments			$ 4,600
Regional Offices Sublease \| Miami
Operating Leased Assets [Line Items]
Sublease term			9 years
Minimum
Operating Leased Assets [Line Items]
Initial term of lease, in years					3 years
Renewable term of lease, in years					3 years
Maximum
Operating Leased Assets [Line Items]
Initial term of lease, in years					10 years
Renewable term of lease, in years					5 years

Debt - Convertible Senior Notes Due 2025 (Details)		12 Months Ended
Debt - Convertible Senior Notes Due 2025 (Details)	May 14, 2018 USD ($) day	Sep. 30, 2019 USD ($) $ / shares	Sep. 30, 2018 USD ($)	Oct. 01, 2017 $ / shares
Debt Instrument [Line Items]
Principal amount		$ 317,976,000
Share price (usd per share) \| $ / shares		$ 10.70		$ 9.50
Carrying value		$ 238,594,000	$ 416,883,000
Debt discount and issuance costs		79,382,000	98,223,000
Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate	2.375%
Principal amount	$ 172,500,000	$ 172,500,000
Semi-annual interest rate	2.375%
Conversion rate per $1,000 principal amount (shares)	62.8931
Conversion price, per share (usd per share) \| $ / shares		$ 15.90
Share price (usd per share) \| $ / shares		$ 15.90
Remaining unamortized issuance discount period		7 years
Carrying value	$ 121,300,000	$ 126,210,000	119,736,000
Unamortized discount	$ 51,200,000
Equity component of debt, gross		49,600,000
Conversion feature accounted for as an equity-classified instrument		39,100,000
Debt transaction costs		$ 5,500,000
Effective interest rate		9.00%
Debt discount and issuance costs		$ 46,290,000	$ 52,764,000
Senior Notes \| 2025 Convertible Notes \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Threshold consecutive trading days \| day	30
Threshold percentage of stock price trigger	130.00%
Repurchase price, percent of principal amount	100.00%
Debt Conversion, Condition One \| Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Threshold trading days (whether or not consecutive) \| day	20
Threshold consecutive trading days \| day	30
Threshold percentage of stock price trigger	130.00%
Debt Conversion, Condition Two \| Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Threshold consecutive trading days \| day	5
Threshold percentage of stock price trigger	98.00%
Business day threshold \| day	5
Measurement Input, Discount Rate \| Valuation Technique, Discounted Cash Flow \| Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Debt instrument, expected term input		0.08

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2017
Reconciliation of Unrecognized Tax Benefits
Beginning balance		$ 6,530	$ 3,091	$ 6,530	$ 6,058
Increase for tax positions taken during a prior period			0	963	0
Increase for tax positions taken during the current period			0	0	472
Decrease for tax positions as a result of the lapse of the statute of limitations	$ (3,300)	$ (1,600)	(1,656)	(4,402)	0
Ending balance			$ 1,435	$ 3,091	$ 6,530

Debt - Schedule of Debt Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	May 14, 2018	Jul. 31, 2017	Jun. 30, 2014
Debt Instrument [Line Items]
Gross Amount	$ 317,976	$ 515,106
Debt Discount and Issuance Costs	(79,382)	(98,223)
Carrying Amount	238,594	416,883
Less current portion, Gross Amount	214	197,748
Less current portion, Debt Discount and Issuance Costs	0	(7,567)
Less current portion, Carrying Amount	214	190,181
Total long-term debt, Gross Amount	317,762	317,358
Total long-term debt, Debt Discount and Issuance Costs	(79,382)	(90,656)
Total long-term debt, Carrying Amount	238,380	226,702
2019 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate					2.125%
2024 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate				2.875%
Senior Notes \| 2019 Convertible Notes
Debt Instrument [Line Items]
Gross Amount	0	195,000
Debt Discount and Issuance Costs	0	(7,567)
Carrying Amount	0	187,433
Senior Notes \| 2019 Convertible Notes Embedded Derivative
Debt Instrument [Line Items]
Gross Amount	0	2,552
Debt Discount and Issuance Costs	0	0
Carrying Amount	0	2,552
Senior Notes \| 2024 Convertible Notes
Debt Instrument [Line Items]
Gross Amount	143,750	143,750
Debt Discount and Issuance Costs	(32,439)	(37,892)
Carrying Amount	111,311	105,858
Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Gross Amount	172,500	172,500
Debt Discount and Issuance Costs	(46,290)	(52,764)
Carrying Amount	126,210	119,736	$ 121,300
Stated interest rate			2.375%
Unsecured Notes \| 8.5% unsecured debt due 2024
Debt Instrument [Line Items]
Gross Amount	1,092	1,304
Debt Discount and Issuance Costs	0	0
Carrying Amount	$ 1,092	1,304
Stated interest rate	8.50%
Receivables Securitization Facility \| CASHMAX secured borrowing facility
Debt Instrument [Line Items]
Gross Amount	$ 634	0
Debt Discount and Issuance Costs	(653)	0
Carrying Amount	$ (19)	$ 0