0000876523-20-000026 | 10-Q | XBRL Viewer

Cover Page - shares	6 Months Ended
Cover Page - shares	Mar. 31, 2020	Apr. 29, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	0-19424
Entity Registrant Name	EZCORP, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	74-2540145
Entity Address, Address Line One	2500 Bee Cave Road
Entity Address, Address Line Two	Bldg One
Entity Address, Address Line Three	Suite 200
Entity Address, City or Town	Rollingwood
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78746
City Area Code	512
Local Phone Number	314-3400
Title of 12(b) Security	Class A Non-voting Common Stock, par value $.01 per share
Trading Symbol	EZPW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Entity Central Index Key	0000876523
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Common Stock Class A Non-voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (shares)		52,097,590
Common Stock Class B Voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (shares)		2,970,171
No Trading Symbol Flag

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019
Current assets:
Cash and cash equivalents	$ 193,729	$ 157,567	$ 347,786
Restricted cash	4,000	4,875	0
Pawn loans	160,179	199,058	173,138
Pawn service charges receivable, net	27,304	31,802	27,097
Inventory, net	173,251	179,355	173,348
Notes receivable, net	3,728	7,182	23,450
Prepaid expenses and other current assets	23,629	25,921	32,984
Total current assets	585,820	605,760	777,803
Investments in unconsolidated affiliates	27,993	34,516	29,387
Property and equipment, net	58,787	67,357	67,518
Lease right-of-use asset	206,839
Goodwill	257,222	300,527	296,881
Intangible assets, net	64,043	68,044	58,503
Notes receivable, net	1,132	1,117	8,509
Deferred tax asset, net	6,251	1,998	10,119
Other assets	5,045	4,383	4,395
Total assets	1,213,132	1,083,702	1,253,115
Current liabilities:
Current maturities of long-term debt, net	267	214	192,901
Accounts payable, accrued expenses and other current liabilities	53,152	77,957	58,696
Customer layaway deposits	13,060	12,915	13,564
Lease liability	44,076
Total current liabilities	110,555	91,086	265,161
Long-term debt, net	244,288	238,380	232,733
Deferred tax liability, net	2,540	1,985	9,012
Lease liability	171,006
Other long-term liabilities	7,190	7,302	6,450
Total liabilities	535,579	338,753	513,356
Commitments and contingencies (Note 10)
Stockholders’ equity:
Additional paid-in capital	406,171	407,628	402,505
Retained earnings	347,004	389,163	386,650
Accumulated other comprehensive loss	(76,173)	(52,398)	(49,950)
Total equity	677,553	744,949	739,759
Total liabilities and equity	1,213,132	1,083,702	1,253,115
Common Stock Class A Non-voting
Stockholders’ equity:
Common stock	521	526	524
Common Stock Class B Voting
Stockholders’ equity:
Common stock	$ 30	$ 30	$ 30

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019
Common Stock Class A Non-voting
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01000
Common stock, shares authorized (shares)	100,000,000	100,000,000	100,000,000
Common stock, shares issued (shares)	52,097,590	52,565,064	52,475,070
Common stock, shares outstanding (shares)	52,097,590	52,565,064	52,475,070
Common Stock Class B Voting
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01000
Common stock, shares authorized (shares)	3,000,000	3,000,000	3,000,000
Common stock, shares issued (shares)	2,970,171	2,970,171	2,970,171.000
Common stock, shares outstanding (shares)	2,970,171	2,970,171	2,970,171

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Total revenues	$ 223,283	$ 214,730	$ 445,718	$ 430,425
Net revenues	127,365	127,690	257,434	257,739
Operating expenses:
Operations	88,372	89,766	178,997	180,642
Administrative	14,620	14,964	32,109	28,129
Impairment of goodwill and intangible assets	47,060	0	47,060	0
Depreciation and amortization	7,762	7,012	15,495	13,860
Loss (gain) on sale or disposal of assets and other	261	(823)	1,005	3,619
Total operating expenses	158,075	110,919	274,666	226,250
Operating (loss) income	(30,710)	16,771	(17,232)	31,489
Interest expense	5,881	8,589	11,210	17,380
Interest income	(941)	(3,126)	(1,784)	(6,465)
Equity in net (income) loss of unconsolidated affiliates	(1,184)	(431)	4,713	688
Impairment of investment in unconsolidated affiliates	0	6,451	0	19,725
Other (income) expense	(361)	269	(290)	(117)
(Loss) income from continuing operations before income taxes	(34,105)	5,019	(31,081)	278
Income tax expense	6,749	2,360	8,508	1,279
(Loss) income from continuing operations, net of tax	(40,854)	2,659	(39,589)	(1,001)
Loss from discontinued operations, net of tax	(20)	(18)	(47)	(201)
Net (loss) income	(40,874)	2,641	(39,636)	(1,202)
Net loss attributable to noncontrolling interest	0	(753)	0	(1,230)
Net (loss) income attributable to EZCORP, Inc.	$ (40,874)	$ 3,394	$ (39,636)	$ 28
Basic (loss) earnings per share attributable to EZCORP, Inc. — continuing operations (in dollars per share)	$ (0.74)	$ 0.06	$ (0.71)	$ 0
Diluted (loss) earnings per share attributable to EZCORP, Inc. — continuing operations (in dollars per share)	$ (0.74)	$ 0.06	$ (0.71)	$ 0
Weighted-average basic shares outstanding	55,448	55,445	55,557	55,236
Weighted-average diluted shares outstanding	55,522	55,463	55,608	55,247
Merchandise
Revenues:
Total revenues	$ 129,830	$ 121,260	$ 256,558	$ 242,284
Cost of revenues	85,776	77,800	169,852	154,912
Jewelry scrapping
Revenues:
Total revenues	11,878	10,380	21,406	19,661
Cost of revenues	9,617	8,833	17,371	16,883
Pawn service charges
Revenues:
Total revenues	80,222	81,799	164,947	165,318
Other
Revenues:
Total revenues	1,353	1,291	2,807	3,162
Cost of revenues	$ 525	$ 407	$ 1,061	$ 891

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (40,874)	$ 2,641	$ (39,636)	$ (1,202)
Other comprehensive loss:
Foreign currency translation loss, net of income tax benefit for our investment in unconsolidated affiliate of $517 and $380 for the three and six months ended March 31, 2020, respectively, and $602 and $515 for the three and six months ended March 31, 2019.	(29,846)	(1,211)	(23,775)	(7,594)
Comprehensive (loss) income	(70,720)	1,430	(63,411)	(8,796)
Comprehensive loss attributable to noncontrolling interest	0	(753)	0	(1,230)
Comprehensive (loss) income attributable to EZCORP, Inc.	$ (70,720)	$ 2,183	$ (63,411)	$ (7,566)

- 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

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax	$ (517)	$ (602)	$ (380)	$ (515)

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Beginning balance (shares) at Sep. 30, 2018		54,585
Beginning 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	2,247		2,247
Release of restricted stock (shares)		860
Release of restricted stock	8	$ 8
Taxes paid related to net share settlement of equity awards	(3,288)		(3,288)
Transfer of subsidiary shares to noncontrolling interest	0		3,195			(3,195)
Foreign currency translation gain (loss)	(6,383)				(6,383)
Net income (loss)	(3,843)			(3,366)		(477)
Ending balance (shares) at Dec. 31, 2018		55,445
Ending Balance at Dec. 31, 2018	728,149	$ 554	400,081	383,256	(48,739)	(7,003)
Beginning balance (shares) at Sep. 30, 2018		54,585
Beginning Balance at Sep. 30, 2018	739,408	$ 546	397,927	386,622	(42,356)	(3,331)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,202)
Ending balance (shares) at Mar. 31, 2019		55,445
Ending Balance at Mar. 31, 2019	739,759	$ 554	402,505	386,650	(49,950)	0
Beginning balance (shares) at Dec. 31, 2018		55,445
Beginning Balance at Dec. 31, 2018	728,149	$ 554	400,081	383,256	(48,739)	(7,003)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	2,424		2,424
Deconsolidation of subsidiary	7,756					7,756
Foreign currency translation gain (loss)	(1,211)				(1,211)
Net income (loss)	2,641			3,394		(753)
Ending balance (shares) at Mar. 31, 2019		55,445
Ending Balance at Mar. 31, 2019	739,759	$ 554	402,505	386,650	(49,950)	$ 0
Beginning balance (shares) at Sep. 30, 2019		55,535
Beginning Balance at Sep. 30, 2019	744,949	$ 556	407,628	389,163	(52,398)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	1,695		1,695
Release of restricted stock (shares)		463
Release of restricted stock	5	$ 5
Taxes paid related to net share settlement of equity awards	(1,395)		(1,395)
Foreign currency translation gain (loss)	6,071				6,071
Purchase and retirement of treasury stock (in shares)		(142)
Purchase and retirement of treasury stock	(963)	$ (2)	(488)	(473)
Net income (loss)	1,238			1,238
Ending balance (shares) at Dec. 31, 2019		55,856
Ending Balance at Dec. 31, 2019	751,600	$ 559	407,440	389,928	(46,327)
Beginning balance (shares) at Sep. 30, 2019		55,535
Beginning Balance at Sep. 30, 2019	744,949	$ 556	407,628	389,163	(52,398)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(39,636)
Ending balance (shares) at Mar. 31, 2020		55,068
Ending Balance at Mar. 31, 2020	677,553	$ 551	406,171	347,004	(76,173)
Beginning balance (shares) at Dec. 31, 2019		55,856
Beginning Balance at Dec. 31, 2019	751,600	$ 559	407,440	389,928	(46,327)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	930		930
Release of restricted stock (shares)		13
Release of restricted stock	1	$ 1
Taxes paid related to net share settlement of equity awards	(63)		(63)
Foreign currency translation gain (loss)	(29,846)				(29,846)
Purchase and retirement of treasury stock (in shares)		(801)
Purchase and retirement of treasury stock	(4,195)	$ (9)	(2,136)	(2,050)
Net income (loss)	(40,874)
Ending balance (shares) at Mar. 31, 2020		55,068
Ending Balance at Mar. 31, 2020	$ 677,553	$ 551	$ 406,171	$ 347,004	$ (76,173)

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities:
Net loss	$ (39,636)	$ (1,202)
Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation and amortization	15,495	13,860
Amortization of debt discount and deferred financing costs	6,493	11,225
Amortization of lease right-of-use asset	22,752
Accretion of notes receivable discount and deferred compensation fee	(546)	(2,492)
Deferred income taxes	(3,698)	358
Impairment of goodwill and intangible assets	47,060	0
Impairment of investment in unconsolidated affiliates	0	19,725
Other adjustments	1,810	1,265
Reserve on jewelry scrap receivable	0	3,646
Stock compensation expense	2,722	4,697
Loss from investment in unconsolidated affiliates	4,713	688
Changes in operating assets and liabilities, net of business acquisitions:
Service charges and fees receivable	4,027	3,797
Inventory	(1,281)	421
Prepaid expenses, other current assets and other assets	(2,791)	(3,590)
Accounts payable, accrued expenses and other liabilities	(37,799)	(409)
Customer layaway deposits	538	1,810
Income taxes	1,412	(3,176)
Net cash provided by operating activities	21,271	50,623
Investing activities:
Loans made	(351,050)	(353,537)
Loans repaid	229,054	225,695
Recovery of pawn loan principal through sale of forfeited collateral	158,792	142,656
Additions to property and equipment, net	(12,160)	(13,863)
Acquisitions, net of cash acquired	0	(627)
Principal collections on notes receivable	4,000	14,591
Net cash provided by investing activities	28,636	14,915
Financing activities:
Taxes paid related to net share settlement of equity awards	(1,458)	(3,288)
Payout of deferred consideration	(175)	0
Proceeds from borrowings, net of issuance costs	(109)	1,066
Payments on borrowings	(355)	(509)
Repurchase of common stock	(5,159)	0
Net cash used in financing activities	(7,256)	(2,731)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(7,364)	(599)
Net increase in cash, cash equivalents and restricted cash	35,287	62,208
Cash, cash equivalents and restricted cash at beginning of period	162,442	285,578
Cash, cash equivalents and restricted cash at end of period	197,729	347,786
Non-cash investing and financing activities:
Pawn loans forfeited and transferred to inventory	$ 156,468	$ 151,211

Organization and Summary of Significant Accounting Policies

6 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 1: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business

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

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

Basis of Presentation

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

The accompanying financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended September 30, 2019. The balance sheet as of September 30, 2019 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements.

Our business is subject to seasonal variations, and operating results for the three and six months ended March 31, 2020 and 2019 (the "current quarter" and "current six-months" and "prior-year quarter" and "prior-year six-months," respectively) are not necessarily indicative of the results of operations for the full fiscal year.

There have been no changes in significant accounting policies as described in our Annual Report on Form 10-K for the year ended September 30, 2019, other than those described below and in Note 12.

Use of Estimates and Assumptions

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

Impact of COVID-19

The novel coronavirus disease known as “COVID-19” was characterized as a worldwide pandemic by the World Health Organization on March 11, 2020. It has significantly disrupted businesses around the world. We began to see the impact of COVID-19 to our operations in mid-March, when the closure of non-essential businesses and the implementation of stay-at-home requirements began in our geographic locations. In the U.S. and Mexico, we have been able to keep most of our stores open for business and operating under enhanced safety measures and restrictions on occupancy. Store closure orders in our GPMX countries (Guatemala, El Salvador, Honduras and Peru) have had a more severe impact on our business.

In addition, we have experienced a significant decline in pawn loan originations and associated loan balances since mid-March as a result of a change in customer borrowing behaviors due to COVID-19. These declines continued into April and are ongoing. See Note 14 (Subsequent Event). This reduced activity resulted in net revenue losses during the current quarter, which were partially offset with a strong increase in merchandise sales during the period.

The full extent and duration of the COVID-19 impact on the global economy generally, and on our business specifically, is currently unknown. We expect, however, that the pandemic will have an adverse effect on our net revenues and earnings in

fiscal 2020, and if it continues, it may have an adverse effect on our results of operations, financial position and liquidity in future periods. We continue to focus on the health and safety of our employees and customers while serving our customers’ needs.

Recently Adopted Accounting Policies

On October 1, 2019, we adopted ASC Topic 842, Leases, which requires companies to generally recognize on the balance sheet operating and financing lease liabilities and corresponding right-of-use assets. We adopted this using the optional prospective transition method provided under ASU 2018-11, Leases, (Topic 842): Targeted Improvement as of October 1, 2019. We additionally elected the package of practical expedients under Accounting Standards Codification (“ASC”) 842-10-65-1(f) as well as the practical expedient not to separate lease and non-lease components for all real estate leases under ASC 842-10-15-37. Further, we have elected an accounting policy not to record right-of-use assets and lease liabilities for all leases which have a duration of less than 12-months. See Note 5 for additional discussion.

Recently Issued Accounting Pronouncements

•

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. 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 period 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 the first quarter of our fiscal 2021.

•

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) — Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate. This ASU was issued on of March 12, 2020 and is effective upon issuance through December 31, 2022. 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 will continue to evaluate the impact.

Please refer to Note 1 of Notes to Consolidated Financial Statements included in "Part II, Item 8 — Financial Statements and Supplementary Data" of our Annual Report on Form 10-K for the year ended September 30, 2019 for discussion of our significant accounting policies and other accounting pronouncements issued but not yet adopted.

Goodwill and Intangible Assets

6 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

NOTE 2: GOODWILL AND INTANGIBLE ASSETS

We test goodwill and intangible assets with indefinite useful lives for potential impairment annually, or more frequently when there are events or circumstances that indicate it is more likely than not that an impairment exists. During the current quarter, we evaluated such events and circumstances and concluded there was an indicator of impairment due to a decline in our market capitalization. We performed a quantitative analysis as of March 31, 2020 utilizing the income approach. The income approach is based on the present value of future cash flows, which are derived from our long-term financial forecasts, and requires significant assumptions, including, among others, a discount rate and terminal value. There is inherent uncertainty associated with these key assumptions including the duration of the economic downturn associated with COVID-19 and the recovery period. As a result of our quantitative analysis, we determined the fair value of each of our reporting units was below its carrying value because of the impact of COVID-19, including a significant decline in pawn loan balances due to changes in typical customer behavior and mandated store closures in our GPMX countries. These factors impacted the forecast of future net revenues and earnings and resulted in lower present value of future cash flows. This led to a goodwill impairment charge of $41.3 million in the current quarter. In addition, we (a) determined an impairment had occurred in the fair values of acquired trade names of previously acquired entities in our Mexico and GPMX reporting units and recorded a related impairment of $2.9 million and $1.7 million respectively, and (b) determined the carrying amount of certain long-lived asset groups were not recoverable and recorded a related impairment of $1.1 million. These impairments were recorded under "Impairment of goodwill and intangible assets" in the condensed consolidated statements of operations. We will continue to evaluate our goodwill and intangible assets in future quarters, and note that we could be required to record additional impairments based on events and circumstances.

The changes in the carrying amount of goodwill by reportable segment for fiscal 2020 were as follows:



	Six Months Ended March 31, 2020
	U.S. Pawn		Latin America Pawn		Consolidated

	(in millions)
Balance at September 30, 2019	$	251.8	$	46.7	$	298.5
Impairment charge	$	10.0	$	31.3	$	41.3
Balance at March 31, 2020	241.8		15.4		257.2

Cumulative goodwill impairment charges	$	10.0	$	31.3	$	41.3

Acquisitions	6 Months Ended
Acquisitions	Mar. 31, 2020
Business Combinations [Abstract]
ACQUISITIONS	NOTE 3: 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. Substantially all goodwill attributable to the fiscal 2019 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.

Earnings per Share

6 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

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



	Three Months Ended March 31,					Six Months Ended March 31,
	2020			2019		2020			2019

	(in thousands, except per share amounts)
Net (loss) income from continuing operations attributable to EZCORP (A)	$	(40,854	)	$	3,412	$	(39,589	)	$	229
Loss from discontinued operations, net of tax (B)	(20		)	(18)		(47		)	(201		)
Net (loss) income attributable to EZCORP (C)	$	(40,874	)	$	3,394	$	(39,636	)	$	28

Weighted-average outstanding shares of common stock (D)	55,448			55,445		55,557			55,236
Dilutive effect of restricted stock*	74			18		51			11
Weighted-average common stock and common stock equivalents (E)	55,522			55,463		55,608			55,247

Basic (loss) earnings per share attributable to EZCORP:
Continuing operations (A / D)	$	(0.74	)	$	0.06	$	(0.71	)	$	—
Discontinued operations (B / D)	—			—		—			—
Basic (loss) earnings per share (C / D)	$	(0.74	)	$	0.06	$	(0.71	)	$	—

Diluted (loss) earnings per share attributable to EZCORP:
Continuing operations (A / E)	$	(0.74	)	$	0.06	$	(0.71	)	$	—
Discontinued operations (B / E)	—			—		—			—
Diluted (loss) earnings per share (C / E)	$	(0.74	)	$	0.06	$	(0.71	)	$	—

Potential common shares excluded from the calculation of diluted earnings per share above*:
Restricted stock**	2,777			2,991		2,495			2,789


*	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.

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.

Leases

6 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

NOTE 5: LEASES

As described in Note 1, we adopted ASC Topic 842 as of October 1, 2019. We lease our pawn locations and corporate offices under operating leases and determine if an arrangement is or contains a lease at inception. After an initial lease term of generally three to ten years, our real property lease agreements typically allow renewals in three to five-year increments. We generally account for the initial lease term of our pawn locations as up to ten years, including renewal options. Our corporate office is leased through March 2029 with annually escalating rent and includes two five-year extension options at the end of the initial lease term. Our pawn location lease agreements generally include rent escalations throughout the initial lease term, with certain future rental payments contingent on increases in a consumer price index, included in variable lease expense. Many leases include both lease and non-lease components, which we have elected not to account for separately. Lease components generally include rent, taxes and insurance, while non-lease components generally include common area or other maintenance.

The weighted-average remaining lease term for operating leases as of March 31, 2020 was 5.72 years. As our leases generally do not include an implicit rate, we compute our incremental borrowing rate based on information available at the lease commencement date applying the portfolio approach to groups of leases with similar characteristics. We used incremental borrowing rates that match the duration of the remaining lease terms of our operating leases on a fully collateralized basis upon adoption as of October 1, 2019 to initially measure our lease liability. The weighted average incremental borrowing rate used to measure our lease liability as of March 31, 2020 was 8.25%.

The details of our right-of-use asset and lease liability recognized upon adoption of ASC 842 computed based on the consumer price index and foreign currency exchange rate as applicable then in effect and excluding executory costs on October 1, 2019 are as follows (in thousands):



Right-of-use asset	$	246,028
Straight-line rent accrual	(8,479		)
	$	237,549

Lease liability, current	$	45,272
Lease liability, non-current	200,756
	$	246,028

Lease expense is recognized on a straight-line basis over the lease term with variable lease expense recognized in the period in which the costs are incurred. The components of lease expense included in "Operations" and "Administrative" expense, based on the underlying lease use, in our condensed consolidated statements of operations for the three and six months ended March 31, 2020 are as follows (in thousands):



	Three Months Ended March 31,		Six Months Ended March 31,
	2020		2020

Operating lease expense	$	15,453	$	31,978
Variable lease expense	3,093		5,900
	$	18,546	$	37,878

Maturity of our lease liabilities as of March 31, 2020 is as follows (in thousands):



Six months ending September 30, 2020	$	30,794
Fiscal 2021	57,083
Fiscal 2022	48,059
Fiscal 2023	38,546
Fiscal 2024	29,287
Thereafter	68,151
	$	271,920
Less: Portion representing interest	(56,838		)
	$	215,082

Prior to our adoption of ASC 842, future minimum undiscounted rentals due under non-cancelable leases as of September 30, 2019 for each subsequent fiscal year were as follows (in thousands):



2020	$	69,291
2021	60,588
2022	46,720
2023	32,062
2024	19,969
Thereafter	39,256
	$	267,886

We present the changes in our lease right-of-use asset and lease liabilities gross in our condensed consolidated statements of cash flows. The supplemental cash flow information relating to our operating leases for the six months ended March 31, 2020 is as follows (in thousands):



Lease right-of-use assets obtained in exchange for operating lease liabilities subsequent to adoption of ASC 842	$	866

Strategic Investments

6 Months Ended

Mar. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

STRATEGIC INVESTMENTS

NOTE 6: STRATEGIC INVESTMENTS

As of March 31, 2020, we owned 214,183,714 shares, or approximately 34.75%, of Cash Converters International Limited ("Cash Converters International"). The following tables present summary financial information for Cash Converters International’s most recently reported results at December 31, 2019 after translation to U.S. dollars:



	December 31,
	2019		2018

	(in thousands)
Current assets	$	164,906	$	172,836
Non-current assets	199,277		151,492
Total assets	$	364,183	$	324,328

Current liabilities	$	93,958	$	81,165
Non-current liabilities	60,503		22,109
Shareholders’ equity	209,722		221,054
Total liabilities and shareholders’ equity	$	364,183	$	324,328



	Half-Year Ended December 31,
	2019			2018

	(in thousands)
Gross revenues	$	98,531		$	99,390
Gross profit	59,250			56,884
Net loss	(13,280		)	(3,791		)

On October 21, 2019, Cash Converters International agreed to settle a class action lawsuit previously filed on behalf of borrowers residing in Queensland, Australia who took out personal loans from Cash Converters International between July 30, 2009 and June 30, 2013. Cash Converters International agreed to pay AUD $42.5 million, subject to court approval. We recorded a charge, net of tax, of $7.1 million for our proportionate share of the settlement in the first quarter of fiscal 2020 related to this event, in addition to our regularly included share of earnings from Cash Converters International. See Note 7 for the fair value and carrying value of our investment in Cash Converters International.

Fair Value Measurements

6 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 7: 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. 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.

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



	Carrying Value			Estimated Fair Value
	March 31, 2020			March 31, 2020		Fair Value Measurement Using
	March 31, 2020			March 31, 2020		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	3,728		$	3,853	$	—	$	—	$	3,853
2.89% promissory note receivable due April 2024	1,132			1,132		—		—		1,132
Investments in unconsolidated affiliates	27,993			27,513		19,734		—		7,779

Financial liabilities:
2024 Convertible Notes	$	114,196		$	106,203	$	—	$	106,203	$	—
2025 Convertible Notes	129,624			128,081		—		128,081		—
8.5% unsecured debt due 2024	983			983		—		—		983
CASHMAX secured borrowing facility	(248		)	281		—		—		281



	Carrying Value		Estimated Fair Value
	March 31, 2019		March 31, 2019		Fair Value Measurement Using
	March 31, 2019		March 31, 2019		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	25,166	$	26,601	$	—	$	—	$	26,601
Zero-coupon convertible promissory note due January 2021	6,793		6,793		—		—		6,793
Investments in unconsolidated affiliates	29,387		29,387		26,611		—		2,776

Financial liabilities:
2019 Convertible Notes	$	192,688	$	193,440	$	—	$	193,440	$	—
2024 Convertible Notes	108,533		159,994		—		159,994		—
2025 Convertible Notes	122,918		151,179		—		151,179		—
8.5% unsecured debt due 2024	1,191		1,191		—		—		1,191
CASHMAX secured borrowing facility	304		1,105		—		—		1,105



	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	(19		)	634		—		—		634

As a result of the impact of the novel coronavirus disease (“COVID-19”), certain of the above fair values as of March 31, 2020 may be highly volatile.

We estimate that the carrying value of our cash and cash equivalents, pawn loans, pawn service charges receivable, current consumer loans, fees and interest receivable and other debt approximate 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.

We measured the fair value of the remaining deferred compensation fee due in September 2020 from the sale of Prestaciones Finmart, S.A.P.I. de C.V., SOFOM, E.N.R. ("Grupo Finmart") to Alpha Holding, S.A. de C.V. (“AlphaCredit”) in September 2016 as of March 31, 2020 under a discounted cash flow approach considering the estimated credit ratings for Grupo Finmart and AlphaCredit, with discount rates of primarily 7%. 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. 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 an indemnity claim for certain pre-closing taxes, but the nature, extent and validity of such claim has yet to be determined. In March 2020, AlphaCredit paid $4.0 million of the remaining deferred compensation into an escrow account pending resolution of the claim; we recorded that amount under “Prepaid expenses and other current assets, net” in our condensed consolidated balance sheet as of March 31, 2020. We reviewed 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.

The equity method of accounting is followed for our 13% ownership in 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. We believe that its fair value approximates carrying value although such fair value is highly variable and includes significant unobservable inputs.

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

- Definition

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

+ References + Details

Debt

6 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

DEBT

NOTE 8: DEBT

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



	March 31, 2020								March 31, 2019							September 30, 2019
	Gross Amount		Debt Discount and Issuance Costs			Carrying Amount			Gross Amount		Debt Discount and Issuance Costs			Carrying Amount		Gross Amount		Debt Discount and Issuance Costs			Carrying Amount

	(in thousands)
2019 Convertible Notes	$	—	$	—		$	—		$	195,000	$	(2,312	)	$	192,688	$	—	$	—		$	—
2024 Convertible Notes	143,750		(29,554		)	114,196			143,750		(35,217		)	108,533		143,750		(32,439		)	111,311
2025 Convertible Notes	172,500		(42,876		)	129,624			172,500		(49,582		)	122,918		172,500		(46,290		)	126,210
8.5% unsecured debt due 2024*	983		—			983			1,191		—			1,191		1,092		—			1,092
CASHMAX secured borrowing facility*	281		(529		)	(248		)	1,105		(801		)	304		634		(653		)	(19		)
Total	$	317,514	$	(72,959	)	$	244,555		$	513,546	$	(87,912	)	$	425,634	$	317,976	$	(79,382	)	$	238,594
Less current portion	267		—			267			195,213		(2,312		)	192,901		214		—			214
Total long-term debt	$	317,247	$	(72,959	)	$	244,288		$	318,333	$	(85,600	)	$	232,733	$	317,762	$	(79,382	)	$	238,380



*	Amount translated from Guatemalan quetzals and Canadian dollars as of 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	983		214		428		341		—
CASHMAX secured borrowing facility	281		—		281		—		—
	$	317,514	$	214	$	709	$	316,591	$	—



*	Excludes the potential impact of embedded derivatives.



	Three Months Ended March 31,				Six Months Ended March 31,
	2020		2019		2020		2019

	(in thousands)
2019 Convertible Notes:
Contractual interest expense	$	—	$	1,069	$	—	$	2,138
Amortization of debt discount and deferred financing costs	—		2,610		—		5,253
Total interest expense	$	—	$	3,679	$	—	$	7,391

2024 Convertible Notes:
Contractual interest expense	$	1,033	$	1,033	$	2,066	$	2,066
Amortization of debt discount and deferred financing costs	1,457		1,350		2,886		2,675
Total interest expense	$	2,490	$	2,383	$	4,952	$	4,741

2025 Convertible Notes:
Contractual interest expense	$	1,024	$	1,024	$	2,048	$	2,048
Amortization of debt discount and deferred financing costs	1,722		1,602		3,413		3,176
Total interest expense	$	2,746	$	2,626	$	5,461	$	5,224

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”). 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 original trustee. The 2025 Convertible Notes were issued in a private offering under Rule 144A under the Securities Act of 1933. The 2025 Convertible Notes pay interest semi-annually in arrears at a rate of 2.375% per annum on May 1 and November 1 of each year, commencing November 1, 2018, and mature on May 1, 2025 (the "2025 Maturity Date"), unless converted, redeemed or repurchased in accordance with their terms prior to such date. The carrying amount of the 2025 Convertible Notes as a separate equity-classified instrument (the “2025 Convertible Notes Embedded Derivative”) included in “Additional paid-in capital” in our condensed consolidated balance sheets of March 31, 2020 was $39.0 million. The effective interest rate for the three and six months ended March 31, 2020 was approximately 9%. As of March 31, 2020, the remaining unamortized debt discount and issuance costs will be amortized through the 2025 Maturity Date assuming no early conversion.

The 2025 Convertible Notes are convertible into cash or shares of Class A Non-voting Common Stock ("Class A Common Stock"), or any combination thereof, at our option subject to satisfaction of certain conditions and during the periods described in the 2018 Indenture, based on an initial conversion rate of 62.8931 shares of Class A Common Stock per $1,000 principal amount of 2025 Convertible Notes (equivalent to an initial conversion price of $15.90 per share of our Class A Common Stock). We account for the Class A Common Stock issuable upon conversion under the treasury stock method. To the extent our average share price is over $15.90 per share for any fiscal quarter or year-to-date period, we are required to recognize incremental dilution of our earnings per share.

If, among other triggers described in the 2018 Indenture, the market price of our Class A Common Stock meets the threshold based on at least 20 of the final 30 trading days of the quarter for the 2025 Convertible Notes to become convertible at the option of the holders during the subsequent quarter, we may be required to classify the 2025 Convertible Notes as current on our condensed consolidated balance sheets for each quarter in which such triggers are met. The stock trading price condition and other triggers are measured on a quarter-by-quarter basis and were not met as of March 31, 2020. As of March 31, 2020, 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”). 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 original trustee. The 2024 Convertible Notes were issued in a private offering under Rule 144A under the Securities Act of 1933. The 2024 Convertible Notes pay interest semi-annually in arrears at a rate of 2.875% per annum on January 1 and July 1 of each year, commencing January 1, 2018, and mature on July 1, 2024 (the "2024 Maturity Date"), unless converted, redeemed or repurchased in accordance with their terms prior to such date. The carrying amount of the 2024 Convertible Notes as a separate equity-classified instrument (the “2024 Convertible Notes Embedded Derivative”) included in “Additional paid-in capital” in our condensed consolidated balance

sheets of March 31, 2020 was $25.3 million. The effective interest rate for the three and six months ended March 31, 2020 was approximately 9%. As of March 31, 2020, the remaining unamortized debt discount and issuance costs will be amortized through the 2024 Maturity Date assuming no early conversion.

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

If, among other triggers described in the 2017 Indenture, the market price of our Class A Common Stock meets the threshold based on at least 20 of the final 30 trading days of the quarter for the 2024 Convertible Notes to become convertible at the option of the holders during the subsequent quarter, we may be required to classify the 2024 Convertible Notes as current on our condensed consolidated balance sheets for each quarter in which such triggers are met. The stock trading price condition and other triggers are measured on a quarter-by-quarter basis and were not met as of March 31, 2020. As of March 31, 2020, 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 of 2019 Convertible Notes issued in July 2014. In July 2017, we used $34.4 million of net proceeds from the 2024 Convertible Notes offering to repurchase and retire $35.0 million aggregate principal amount of 2019 Convertible Notes. 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.

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”). The 2019 Convertible Notes Warrants allowed 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. We account for the Class A Common Stock issuable upon exercise under the treasury stock method. As a result of the 2019 Convertible Notes Warrants, 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 unexpired 2019 Convertible Notes Warrants expire in April 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 March 31, 2020, there are approximately 1.4 million shares of Class A Common Stock issuable under the 2019 Convertible Notes Warrants outstanding.

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 owned 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 (subject to certain limited guaranty obligations), allowed borrowing through November 2019, and fully matures in November 2021. Our obligation under the facility as of March 31, 2020 was $0.3 million.

Common Stock and Stock Compensation	6 Months Ended
Common Stock and Stock Compensation	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
COMMON STOCK AND STOCK COMPENSATION	NOTE 9: COMMON STOCK AND STOCK COMPENSATION Common Stock Repurchase Program In December 2019, our Board of Directors authorized the repurchase of up to $60.0 million of our Class A Common Stock over three years. During the three and six months ended March 31, 2020, we repurchased and retired 800,740 and 943,149 shares of our Class A Common Stock for $4.2 million and $5.2 million, respectively, which amount was allocated between "Additional paid-in capital" and "Retained earnings" in our condensed consolidated balance sheets. On March 20, 2020, we suspended our repurchase of shares under the program to preserve current liquidity as a result of uncertainties regarding the COVID-19 pandemic. Stock Compensation As of September 30, 2019, the EZCORP, Inc. 2010 Long-Term Incentive Plan, which has been approved by our Board of Directors, permitted grants of options, restricted stock awards and stock appreciation rights covering up to 5,485,649 shares of our Class A Common Stock. During the first quarter of fiscal 2020, we granted a total of 222,912 restricted stock awards to our nine non-employee directors. These awards vest on September 30, 2020 and are subject only to service conditions. The number of long-term incentive award shares and units granted are generally determined based on our share price as of the beginning of the fiscal year, which was $6.46 for fiscal 2020 awards.

Income Taxes	6 Months Ended
Income Taxes	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10: INCOME TAXES On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law and includes certain income tax provisions relevant to businesses. The Company is required to recognize the effect on the consolidated financial statements in the period the law was enacted, which is the period ended March 31, 2020. For the period ended March 31, 2020, the CARES Act did not have a material impact on the Company’s consolidated financial statements. At this time, the Company does not expect the impact of the CARES Act to have a material impact on the Company’s consolidated financial statements for the year ended December 31, 2020.

Contingencies	6 Months Ended
Contingencies	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	NOTE 11: CONTINGENCIES Currently and from time to time, we are involved in various claims, suits, investigations and legal proceedings. While we are unable to determine the ultimate outcome of any current litigation or regulatory actions , we believe their resolution will not have a material adverse effect on our financial condition, results of operations or liquidity.

Segment Information

6 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 12: SEGMENT INFORMATION

During the first quarter of fiscal 2020, we revised the financial information our chief operating decision maker (currently our chief executive officer) reviews for operational decision-making purposes and for allocation of capital to include the separate financial results of our Lana business. Our historical segment results have been recast to conform to current presentation. We currently report our segments as follows: U.S. Pawn — all pawn activities in the United States; Latin America Pawn — all pawn activities in Mexico and other parts of Latin America; Lana — our differentiated customer-centric engagement platform; and Other International — primarily our equity interest in the net income of Cash Converters International and consumer finance activities in Canada. There are no inter-segment revenues presented below, and the amounts below were determined in accordance with the same accounting principles used in our condensed consolidated financial statements. While we expect the operations of the Lana segment to have a positive impact on our pawn loan redemption rates and therefore our pawn service charges and yield, the pawn service charges will all be reported in our pawn segments rather than allocated to the Lana segment. Only discrete revenues related to the Lana segment will be reported in the Lana segment results. As a digital offering, Lana has no separate physical store locations.



	Three Months Ended March 31, 2020
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	102,447	$	27,383		$	—		$	—		$	129,830		$	—		$	129,830
Jewelry scrapping sales	9,659		2,219			—			—			11,878			—			11,878
Pawn service charges	61,700		18,522			—			—			80,222			—			80,222
Other revenues	31		25			3			1,294			1,353			—			1,353
Total revenues	173,837		48,149			3			1,294			223,283			—			223,283
Merchandise cost of goods sold	65,286		20,490			—			—			85,776			—			85,776
Jewelry scrapping cost of goods sold	7,800		1,817			—			—			9,617			—			9,617
Other cost of revenues	—		37			—			488			525			—			525
Net revenues	100,751		25,805			3			806			127,365			—			127,365
Segment and corporate expenses (income):
Operations	67,619		18,469			724			1,560			88,372			—			88,372
Administrative	—		—			—			—			—			14,620			14,620
Depreciation and amortization	2,711		1,940			377			23			5,051			2,711			7,762
Loss (gain) on sale or disposal of assets and other	—		(123		)	—			—			(123		)	384			261
Interest expense	—		402			—			154			556			5,325			5,881
Interest income	—		(369		)	—			—			(369		)	(572		)	(941		)
Equity in net income of unconsolidated affiliates	—		—			—			(1,184		)	(1,184		)	—			(1,184		)
Impairment of goodwill and intangible assets	10,000		35,936			—			1,124			47,060			—			47,060
Other (income) expense	—		(309		)	—			20			(289		)	(72		)	(361		)
Segment contribution (loss)	$	20,421	$	(30,141	)	$	(1,098	)	$	(891	)	$	(11,709	)
Loss from continuing operations before income taxes												$	(11,709	)	$	(22,396	)	$	(34,105	)



	Three Months Ended March 31, 2019
	U.S. Pawn			Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	96,632		$	24,628		$	—		$	—		$	121,260		$	—		$	121,260
Jewelry scrapping sales	7,916			2,464			—			—			10,380			—			10,380
Pawn service charges	61,798			20,001			—			—			81,799			—			81,799
Other revenues	43			25			—			1,223			1,291			—			1,291
Total revenues	166,389			47,118			—			1,223			214,730			—			214,730
Merchandise cost of goods sold	60,928			16,872			—			—			77,800			—			77,800
Jewelry scrapping cost of goods sold	6,571			2,262			—			—			8,833			—			8,833
Other cost of revenues	—			—			—			407			407			—			407
Net revenues	98,890			27,984			—			816			127,690			—			127,690
Segment and corporate expenses (income):
Operations	67,475			18,223			1,523			2,545			89,766			—			89,766
Administrative	—			—			—			—			—			14,964			14,964
Depreciation and amortization	2,982			1,495			—			77			4,554			2,458			7,012
(Gain) loss on sale or disposal of assets and other	(1		)	(838		)	—			16			(823		)	—			(823		)
Interest expense	—			50			—			132			182			8,407			8,589
Interest income	—			(431		)	—			—			(431		)	(2,695		)	(3,126		)
Equity in net income of unconsolidated affiliates	—			—			—			(431		)	(431		)	—			(431		)
Impairment of investment in unconsolidated affiliates	—			—			—			6,451			6,451			—			6,451
Other expense (income)	—			29			—			262			291			(22		)	269
Segment contribution (loss)	$	28,434		$	9,456		$	(1,523	)	$	(8,236	)	$	28,131
Income from continuing operations before income taxes													$	28,131		$	(23,112	)	$	5,019



	Six Months Ended March 31, 2020
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	197,801	$	58,757		$	—		$	—		$	256,558		$	—		$	256,558
Jewelry scrapping sales	15,776		5,630			—			—			21,406			—			21,406
Pawn service charges	125,790		39,157			—			—			164,947			—			164,947
Other revenues	67		50			4			2,686			2,807			—			2,807
Total revenues	339,434		103,594			4			2,686			445,718			—			445,718
Merchandise cost of goods sold	126,650		43,202			—			—			169,852			—			169,852
Jewelry scrapping cost of goods sold	12,555		4,816			—			—			17,371			—			17,371
Other cost of revenues	—		37			—			1,024			1,061			—			1,061
Net revenues	200,229		55,539			4			1,662			257,434			—			257,434
Segment and corporate expenses (income):
Operations	135,678		38,452			2,074			2,793			178,997			—			178,997
Administrative	—		—			—			—			—			32,109			32,109
Depreciation and amortization	5,576		3,829			389			57			9,851			5,644			15,495
Loss (gain) on sale or disposal of assets and other	—		(95		)	—			—			(95		)	1,100			1,005
Interest expense	—		430			(36		)	324			718			10,492			11,210
Interest income	—		(757		)	—			—			(757		)	(1,027		)	(1,784		)
Equity in net loss of unconsolidated affiliates	—		—			—			4,713			4,713			—			4,713
Impairment of goodwill and intangible assets	10,000		35,936			1,124			—			47,060			—			47,060
Other (income) expense	—		(242		)	—			19			(223		)	(67		)	(290		)
Segment contribution (loss)	$	48,975	$	(22,014	)	$	(3,547	)	$	(6,244	)	$	17,170
Income (loss) from continuing operations before income taxes												$	17,170		$	(48,251	)	$	(31,081	)



	Six Months Ended March 31, 2019
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	191,735	$	50,549		$	—		$	—		$	242,284		$	—		$	242,284
Jewelry scrapping sales	14,468		5,193			—			—			19,661			—			19,661
Pawn service charges	126,023		39,295			—			—			165,318			—			165,318
Other revenues	91		67			—			3,004			3,162			—			3,162
Total revenues	332,317		95,104			—			3,004			430,425			—			430,425
Merchandise cost of goods sold	120,076		34,836			—			—			154,912			—			154,912
Jewelry scrapping cost of goods sold	12,081		4,802			—			—			16,883			—			16,883
Other cost of revenues	—		—			—			891			891			—			891
Net revenues	200,160		55,466			—			2,113			257,739			—			257,739
Segment and corporate expenses (income):
Operations	135,435		36,419			3,613			5,175			180,642			—			180,642
Administrative	—		—			—			—			—			28,129			28,129
Depreciation and amortization	6,017		2,917			—			118			9,052			4,808			13,860
Loss on sale or disposal of assets and other	2,852		751			—			16			3,619			—			3,619
Interest expense	—		79			—			204			283			17,097			17,380
Interest income	—		(850		)	—			—			(850		)	(5,615		)	(6,465		)
Equity in net loss of unconsolidated affiliates	—		—			—			688			688			—			688
Impairment of investment in unconsolidated affiliates	—		—			—			19,725			19,725			—			19,725
Other (income) expense	—		(97		)	—			284			187			(304		)	(117		)
Segment contribution (loss)	$	55,856	$	16,247		$	(3,613	)	$	(24,097	)	$	44,393
Income from continuing operations before income taxes												$	44,393		$	(44,115	)	$	278

Supplemental Consolidated Financial Information

6 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

NOTE 13: SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

Supplemental Consolidated Financial Information

The following table provides supplemental information on net amounts included in our condensed consolidated balance sheets and condensed consolidated statements of cash flows:



	March 31, 2020			March 31, 2019			September 30, 2019

	(in thousands)
Cash and cash equivalents	$	193,729		$	347,786		$	157,567
Restricted cash	4,000			—			4,875
Cash and cash equivalents and restricted cash	$	197,729		$	347,786		$	162,442

Gross pawn service charges receivable	$	34,843		$	34,320		$	41,838
Allowance for uncollectible pawn service charges receivable	(7,539		)	(7,223		)	(10,036		)
Pawn service charges receivable, net	$	27,304		$	27,097		$	31,802

Gross inventory	$	182,794		$	182,295		$	189,092
Inventory reserves	(9,543		)	(8,947		)	(9,737		)
Inventory, net	$	173,251		$	173,348		$	179,355

Prepaid expenses and other	$	8,953		$	11,647		$	4,784
Accounts receivable and other	10,934			15,974			10,889
Income taxes receivable	3,742			5,363			10,248
Prepaid expenses and other current assets	$	23,629		$	32,984		$	25,921

Property and equipment, gross	$	261,234		$	256,411		$	265,922
Accumulated depreciation	(202,447		)	(188,893		)	(198,565		)
Property and equipment, net	$	58,787		$	67,518		$	67,357

Accounts payable	$	15,582		$	13,134		$	25,946
Accrued expenses and other	37,570			45,562			52,011
Accounts payable, accrued expenses and other current liabilities	$	53,152		$	58,696		$	77,957

Subsequent Events (Notes)	6 Months Ended
Subsequent Events (Notes)	Mar. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14: SUBSEQUENT EVENTS Since March 31, 2020, the decline in pawn loan balances has accelerated and is continuing. The decline in pawn loan balances will have a negative impact on net revenues and earnings for the remainder of fiscal 2020 and future periods until we are able to rebuild the loan balances. Since March 31, 2020, we have continued to experience strong merchandise sales, partially offsetting the impact of the declining loan balances. As a result of this increased sales activity, the decrease in loan originations and liquidity initiatives, our cash balance has continued to grow, increasing to greater than $250.0 million at the end of April 2020.

Organization and Summary of Significant Accounting Policies (Policies)

6 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Basis of Presentation

There have been no changes in significant accounting policies as described in our Annual Report on Form 10-K for the year ended September 30, 2019, other than those described below and in Note 12.

Use of Estimates and Assumptions

Recently Adopted Accounting Policies and Recently Issued Accounting Pronouncements

Recently Adopted Accounting Policies

Recently Issued Accounting Pronouncements

•

Goodwill and Intangible Assets Goodwill and Intangible Assets (Tables)

6 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill by reportable segment for fiscal 2020 were as follows:



	Six Months Ended March 31, 2020
	U.S. Pawn		Latin America Pawn		Consolidated

	(in millions)
Balance at September 30, 2019	$	251.8	$	46.7	$	298.5
Impairment charge	$	10.0	$	31.3	$	41.3
Balance at March 31, 2020	241.8		15.4		257.2

Cumulative goodwill impairment charges	$	10.0	$	31.3	$	41.3

Earnings per Share (Tables)

6 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net components of basic and diluted earnings per share

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



	Three Months Ended March 31,					Six Months Ended March 31,
	2020			2019		2020			2019

	(in thousands, except per share amounts)
Net (loss) income from continuing operations attributable to EZCORP (A)	$	(40,854	)	$	3,412	$	(39,589	)	$	229
Loss from discontinued operations, net of tax (B)	(20		)	(18)		(47		)	(201		)
Net (loss) income attributable to EZCORP (C)	$	(40,874	)	$	3,394	$	(39,636	)	$	28

Weighted-average outstanding shares of common stock (D)	55,448			55,445		55,557			55,236
Dilutive effect of restricted stock*	74			18		51			11
Weighted-average common stock and common stock equivalents (E)	55,522			55,463		55,608			55,247

Basic (loss) earnings per share attributable to EZCORP:
Continuing operations (A / D)	$	(0.74	)	$	0.06	$	(0.71	)	$	—
Discontinued operations (B / D)	—			—		—			—
Basic (loss) earnings per share (C / D)	$	(0.74	)	$	0.06	$	(0.71	)	$	—

Diluted (loss) earnings per share attributable to EZCORP:
Continuing operations (A / E)	$	(0.74	)	$	0.06	$	(0.71	)	$	—
Discontinued operations (B / E)	—			—		—			—
Diluted (loss) earnings per share (C / E)	$	(0.74	)	$	0.06	$	(0.71	)	$	—

Potential common shares excluded from the calculation of diluted earnings per share above*:
Restricted stock**	2,777			2,991		2,495			2,789


*	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.

Leases (Tables)

6 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of lessee assets and liabilities



Right-of-use asset	$	246,028
Straight-line rent accrual	(8,479		)
	$	237,549

Lease liability, current	$	45,272
Lease liability, non-current	200,756
	$	246,028

Schedule of lease cost

The supplemental cash flow information relating to our operating leases for the six months ended March 31, 2020 is as follows (in thousands):



Lease right-of-use assets obtained in exchange for operating lease liabilities subsequent to adoption of ASC 842	$	866



	Three Months Ended March 31,		Six Months Ended March 31,
	2020		2020

Operating lease expense	$	15,453	$	31,978
Variable lease expense	3,093		5,900
	$	18,546	$	37,878

Schedule of operating lease maturity

Maturity of our lease liabilities as of March 31, 2020 is as follows (in thousands):



Six months ending September 30, 2020	$	30,794
Fiscal 2021	57,083
Fiscal 2022	48,059
Fiscal 2023	38,546
Fiscal 2024	29,287
Thereafter	68,151
	$	271,920
Less: Portion representing interest	(56,838		)
	$	215,082

Schedule of future minimum rental payments for operating leases

Prior to our adoption of ASC 842, future minimum undiscounted rentals due under non-cancelable leases as of September 30, 2019 for each subsequent fiscal year were as follows (in thousands):



2020	$	69,291
2021	60,588
2022	46,720
2023	32,062
2024	19,969
Thereafter	39,256
	$	267,886

Strategic Investments (Tables)

6 Months Ended

Mar. 31, 2020

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 at December 31, 2019 after translation to U.S. dollars:



	December 31,
	2019		2018

	(in thousands)
Current assets	$	164,906	$	172,836
Non-current assets	199,277		151,492
Total assets	$	364,183	$	324,328

Current liabilities	$	93,958	$	81,165
Non-current liabilities	60,503		22,109
Shareholders’ equity	209,722		221,054
Total liabilities and shareholders’ equity	$	364,183	$	324,328



	Half-Year Ended December 31,
	2019			2018

	(in thousands)
Gross revenues	$	98,531		$	99,390
Gross profit	59,250			56,884
Net loss	(13,280		)	(3,791		)

Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

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

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



	Carrying Value			Estimated Fair Value
	March 31, 2020			March 31, 2020		Fair Value Measurement Using
	March 31, 2020			March 31, 2020		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	3,728		$	3,853	$	—	$	—	$	3,853
2.89% promissory note receivable due April 2024	1,132			1,132		—		—		1,132
Investments in unconsolidated affiliates	27,993			27,513		19,734		—		7,779

Financial liabilities:
2024 Convertible Notes	$	114,196		$	106,203	$	—	$	106,203	$	—
2025 Convertible Notes	129,624			128,081		—		128,081		—
8.5% unsecured debt due 2024	983			983		—		—		983
CASHMAX secured borrowing facility	(248		)	281		—		—		281



	Carrying Value		Estimated Fair Value
	March 31, 2019		March 31, 2019		Fair Value Measurement Using
	March 31, 2019		March 31, 2019		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	25,166	$	26,601	$	—	$	—	$	26,601
Zero-coupon convertible promissory note due January 2021	6,793		6,793		—		—		6,793
Investments in unconsolidated affiliates	29,387		29,387		26,611		—		2,776

Financial liabilities:
2019 Convertible Notes	$	192,688	$	193,440	$	—	$	193,440	$	—
2024 Convertible Notes	108,533		159,994		—		159,994		—
2025 Convertible Notes	122,918		151,179		—		151,179		—
8.5% unsecured debt due 2024	1,191		1,191		—		—		1,191
CASHMAX secured borrowing facility	304		1,105		—		—		1,105



	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	(19		)	634		—		—		634

Debt (Tables)

6 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of long term debt instruments

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



	March 31, 2020								March 31, 2019							September 30, 2019
	Gross Amount		Debt Discount and Issuance Costs			Carrying Amount			Gross Amount		Debt Discount and Issuance Costs			Carrying Amount		Gross Amount		Debt Discount and Issuance Costs			Carrying Amount

	(in thousands)
2019 Convertible Notes	$	—	$	—		$	—		$	195,000	$	(2,312	)	$	192,688	$	—	$	—		$	—
2024 Convertible Notes	143,750		(29,554		)	114,196			143,750		(35,217		)	108,533		143,750		(32,439		)	111,311
2025 Convertible Notes	172,500		(42,876		)	129,624			172,500		(49,582		)	122,918		172,500		(46,290		)	126,210
8.5% unsecured debt due 2024*	983		—			983			1,191		—			1,191		1,092		—			1,092
CASHMAX secured borrowing facility*	281		(529		)	(248		)	1,105		(801		)	304		634		(653		)	(19		)
Total	$	317,514	$	(72,959	)	$	244,555		$	513,546	$	(87,912	)	$	425,634	$	317,976	$	(79,382	)	$	238,594
Less current portion	267		—			267			195,213		(2,312		)	192,901		214		—			214
Total long-term debt	$	317,247	$	(72,959	)	$	244,288		$	318,333	$	(85,600	)	$	232,733	$	317,762	$	(79,382	)	$	238,380



*	Amount translated from Guatemalan quetzals and Canadian dollars as of 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	983		214		428		341		—
CASHMAX secured borrowing facility	281		—		281		—		—
	$	317,514	$	214	$	709	$	316,591	$	—



*	Excludes the potential impact of embedded derivatives.



	Three Months Ended March 31,				Six Months Ended March 31,
	2020		2019		2020		2019

	(in thousands)
2019 Convertible Notes:
Contractual interest expense	$	—	$	1,069	$	—	$	2,138
Amortization of debt discount and deferred financing costs	—		2,610		—		5,253
Total interest expense	$	—	$	3,679	$	—	$	7,391

2024 Convertible Notes:
Contractual interest expense	$	1,033	$	1,033	$	2,066	$	2,066
Amortization of debt discount and deferred financing costs	1,457		1,350		2,886		2,675
Total interest expense	$	2,490	$	2,383	$	4,952	$	4,741

2025 Convertible Notes:
Contractual interest expense	$	1,024	$	1,024	$	2,048	$	2,048
Amortization of debt discount and deferred financing costs	1,722		1,602		3,413		3,176
Total interest expense	$	2,746	$	2,626	$	5,461	$	5,224

- Definition

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

+ References

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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

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

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Segment Information (Tables)

6 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of operating segment information



	Three Months Ended March 31, 2020
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	102,447	$	27,383		$	—		$	—		$	129,830		$	—		$	129,830
Jewelry scrapping sales	9,659		2,219			—			—			11,878			—			11,878
Pawn service charges	61,700		18,522			—			—			80,222			—			80,222
Other revenues	31		25			3			1,294			1,353			—			1,353
Total revenues	173,837		48,149			3			1,294			223,283			—			223,283
Merchandise cost of goods sold	65,286		20,490			—			—			85,776			—			85,776
Jewelry scrapping cost of goods sold	7,800		1,817			—			—			9,617			—			9,617
Other cost of revenues	—		37			—			488			525			—			525
Net revenues	100,751		25,805			3			806			127,365			—			127,365
Segment and corporate expenses (income):
Operations	67,619		18,469			724			1,560			88,372			—			88,372
Administrative	—		—			—			—			—			14,620			14,620
Depreciation and amortization	2,711		1,940			377			23			5,051			2,711			7,762
Loss (gain) on sale or disposal of assets and other	—		(123		)	—			—			(123		)	384			261
Interest expense	—		402			—			154			556			5,325			5,881
Interest income	—		(369		)	—			—			(369		)	(572		)	(941		)
Equity in net income of unconsolidated affiliates	—		—			—			(1,184		)	(1,184		)	—			(1,184		)
Impairment of goodwill and intangible assets	10,000		35,936			—			1,124			47,060			—			47,060
Other (income) expense	—		(309		)	—			20			(289		)	(72		)	(361		)
Segment contribution (loss)	$	20,421	$	(30,141	)	$	(1,098	)	$	(891	)	$	(11,709	)
Loss from continuing operations before income taxes												$	(11,709	)	$	(22,396	)	$	(34,105	)



	Three Months Ended March 31, 2019
	U.S. Pawn			Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	96,632		$	24,628		$	—		$	—		$	121,260		$	—		$	121,260
Jewelry scrapping sales	7,916			2,464			—			—			10,380			—			10,380
Pawn service charges	61,798			20,001			—			—			81,799			—			81,799
Other revenues	43			25			—			1,223			1,291			—			1,291
Total revenues	166,389			47,118			—			1,223			214,730			—			214,730
Merchandise cost of goods sold	60,928			16,872			—			—			77,800			—			77,800
Jewelry scrapping cost of goods sold	6,571			2,262			—			—			8,833			—			8,833
Other cost of revenues	—			—			—			407			407			—			407
Net revenues	98,890			27,984			—			816			127,690			—			127,690
Segment and corporate expenses (income):
Operations	67,475			18,223			1,523			2,545			89,766			—			89,766
Administrative	—			—			—			—			—			14,964			14,964
Depreciation and amortization	2,982			1,495			—			77			4,554			2,458			7,012
(Gain) loss on sale or disposal of assets and other	(1		)	(838		)	—			16			(823		)	—			(823		)
Interest expense	—			50			—			132			182			8,407			8,589
Interest income	—			(431		)	—			—			(431		)	(2,695		)	(3,126		)
Equity in net income of unconsolidated affiliates	—			—			—			(431		)	(431		)	—			(431		)
Impairment of investment in unconsolidated affiliates	—			—			—			6,451			6,451			—			6,451
Other expense (income)	—			29			—			262			291			(22		)	269
Segment contribution (loss)	$	28,434		$	9,456		$	(1,523	)	$	(8,236	)	$	28,131
Income from continuing operations before income taxes													$	28,131		$	(23,112	)	$	5,019



	Six Months Ended March 31, 2020
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	197,801	$	58,757		$	—		$	—		$	256,558		$	—		$	256,558
Jewelry scrapping sales	15,776		5,630			—			—			21,406			—			21,406
Pawn service charges	125,790		39,157			—			—			164,947			—			164,947
Other revenues	67		50			4			2,686			2,807			—			2,807
Total revenues	339,434		103,594			4			2,686			445,718			—			445,718
Merchandise cost of goods sold	126,650		43,202			—			—			169,852			—			169,852
Jewelry scrapping cost of goods sold	12,555		4,816			—			—			17,371			—			17,371
Other cost of revenues	—		37			—			1,024			1,061			—			1,061
Net revenues	200,229		55,539			4			1,662			257,434			—			257,434
Segment and corporate expenses (income):
Operations	135,678		38,452			2,074			2,793			178,997			—			178,997
Administrative	—		—			—			—			—			32,109			32,109
Depreciation and amortization	5,576		3,829			389			57			9,851			5,644			15,495
Loss (gain) on sale or disposal of assets and other	—		(95		)	—			—			(95		)	1,100			1,005
Interest expense	—		430			(36		)	324			718			10,492			11,210
Interest income	—		(757		)	—			—			(757		)	(1,027		)	(1,784		)
Equity in net loss of unconsolidated affiliates	—		—			—			4,713			4,713			—			4,713
Impairment of goodwill and intangible assets	10,000		35,936			1,124			—			47,060			—			47,060
Other (income) expense	—		(242		)	—			19			(223		)	(67		)	(290		)
Segment contribution (loss)	$	48,975	$	(22,014	)	$	(3,547	)	$	(6,244	)	$	17,170
Income (loss) from continuing operations before income taxes												$	17,170		$	(48,251	)	$	(31,081	)



	Six Months Ended March 31, 2019
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	191,735	$	50,549		$	—		$	—		$	242,284		$	—		$	242,284
Jewelry scrapping sales	14,468		5,193			—			—			19,661			—			19,661
Pawn service charges	126,023		39,295			—			—			165,318			—			165,318
Other revenues	91		67			—			3,004			3,162			—			3,162
Total revenues	332,317		95,104			—			3,004			430,425			—			430,425
Merchandise cost of goods sold	120,076		34,836			—			—			154,912			—			154,912
Jewelry scrapping cost of goods sold	12,081		4,802			—			—			16,883			—			16,883
Other cost of revenues	—		—			—			891			891			—			891
Net revenues	200,160		55,466			—			2,113			257,739			—			257,739
Segment and corporate expenses (income):
Operations	135,435		36,419			3,613			5,175			180,642			—			180,642
Administrative	—		—			—			—			—			28,129			28,129
Depreciation and amortization	6,017		2,917			—			118			9,052			4,808			13,860
Loss on sale or disposal of assets and other	2,852		751			—			16			3,619			—			3,619
Interest expense	—		79			—			204			283			17,097			17,380
Interest income	—		(850		)	—			—			(850		)	(5,615		)	(6,465		)
Equity in net loss of unconsolidated affiliates	—		—			—			688			688			—			688
Impairment of investment in unconsolidated affiliates	—		—			—			19,725			19,725			—			19,725
Other (income) expense	—		(97		)	—			284			187			(304		)	(117		)
Segment contribution (loss)	$	55,856	$	16,247		$	(3,613	)	$	(24,097	)	$	44,393
Income from continuing operations before income taxes												$	44,393		$	(44,115	)	$	278

Supplemental Consolidated Financial Information (Tables)

6 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of information on accounts receivable, net, inventories, net, property and equipment, net

The following table provides supplemental information on net amounts included in our condensed consolidated balance sheets and condensed consolidated statements of cash flows:



	March 31, 2020			March 31, 2019			September 30, 2019

	(in thousands)
Cash and cash equivalents	$	193,729		$	347,786		$	157,567
Restricted cash	4,000			—			4,875
Cash and cash equivalents and restricted cash	$	197,729		$	347,786		$	162,442

Gross pawn service charges receivable	$	34,843		$	34,320		$	41,838
Allowance for uncollectible pawn service charges receivable	(7,539		)	(7,223		)	(10,036		)
Pawn service charges receivable, net	$	27,304		$	27,097		$	31,802

Gross inventory	$	182,794		$	182,295		$	189,092
Inventory reserves	(9,543		)	(8,947		)	(9,737		)
Inventory, net	$	173,251		$	173,348		$	179,355

Prepaid expenses and other	$	8,953		$	11,647		$	4,784
Accounts receivable and other	10,934			15,974			10,889
Income taxes receivable	3,742			5,363			10,248
Prepaid expenses and other current assets	$	23,629		$	32,984		$	25,921

Property and equipment, gross	$	261,234		$	256,411		$	265,922
Accumulated depreciation	(202,447		)	(188,893		)	(198,565		)
Property and equipment, net	$	58,787		$	67,518		$	67,357

Accounts payable	$	15,582		$	13,134		$	25,946
Accrued expenses and other	37,570			45,562			52,011
Accounts payable, accrued expenses and other current liabilities	$	53,152		$	58,696		$	77,957

Goodwill and Intangible Assets (Details) $ in Millions	3 Months Ended	6 Months Ended
Goodwill and Intangible Assets (Details) $ in Millions	Mar. 31, 2020 USD ($)	Mar. 31, 2020 USD ($)
Goodwill [Line Items]
Impairment of long-lived assets	$ 1.1
Goodwill [Roll Forward]
Balance at September 30, 2019		$ 298.5
Impairment charge		41.3
Balance at March 31, 2020	257.2	257.2
Cumulative goodwill impairment charges	41.3	41.3
U.S. Pawn
Goodwill [Roll Forward]
Balance at September 30, 2019		251.8
Impairment charge		10.0
Balance at March 31, 2020	241.8	241.8
Cumulative goodwill impairment charges	10.0	10.0
Latin America Pawn
Goodwill [Roll Forward]
Balance at September 30, 2019		46.7
Impairment charge		31.3
Balance at March 31, 2020	15.4	15.4
Cumulative goodwill impairment charges	31.3	$ 31.3
Mexico Reporting Unit \| Trade Names
Goodwill [Line Items]
Impairment of intangible assets	2.9
GPMX Reporting Unit \| Trade Names
Goodwill [Line Items]
Impairment of intangible assets	$ 1.7

Acquisitions (Details) $ in Thousands	1 Months Ended
Acquisitions (Details) $ in Thousands	Jun. 30, 2019 USD ($) store	Dec. 31, 2018 USD ($) store	Mar. 31, 2020 USD ($)	Sep. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)
Business Acquisition [Line Items]
Goodwill			$ 257,222	$ 300,527	$ 296,881
Metro Pawn
Business Acquisition [Line Items]
Number of stores acquired \| store	7
Payments to acquire businesses	$ 7,000
Goodwill	$ 3,900
Pawn Stores, Mexico in 2019
Business Acquisition [Line Items]
Number of stores acquired \| store		5
Payments to acquire businesses		$ 300
Goodwill		$ 100

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income from continuing operations attributable to EZCORP	$ (40,854)	$ 3,412	$ (39,589)	$ 229
Loss from discontinued operations, net of tax	(20)	(18)	(47)	(201)
Net (loss) income attributable to EZCORP, Inc.	$ (40,874)	$ 3,394	$ (39,636)	$ 28
Weighted-average outstanding shares of common stock (shares)	55,448	55,445	55,557	55,236
Dilutive effect of restricted stock (shares)	74	18	51	11
Weighted average common stock and common stock equivalents (shares)	55,522	55,463	55,608	55,247
Basic (loss) earnings per share attributable to EZCORP:
Continuing operations (in dollars per share)	$ (0.74)	$ 0.06	$ (0.71)	$ 0
Discontinued operations (in dollars per share)	0	0	0	0
Basic (loss) earnings per share (in dollars per share)	(0.74)	0.06	(0.71)	0
Diluted (loss) earnings per share attributable to EZCORP:
Continuing operations (in dollars per share)	(0.74)	0.06	(0.71)	0
Discontinued operations (in dollars per share)	0	0	0	0
Diluted (loss) earnings per share (in dollars per share)	$ (0.74)	$ 0.06	$ (0.71)	$ 0
Potential common shares excluded from the calculation of diluted earnings per share above, restricted stock (shares)	2,777	2,991	2,495	2,789

Leases - Additional Information (Details)	6 Months Ended
Leases - Additional Information (Details)	Mar. 31, 2020 extension_option
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term for operating leases	5 years 8 months 19 days
Weighted average incremental borrowing rate used to measure lease liabilities	8.25%
Minimum
Lessee, Lease, Description [Line Items]
Initial term of lease	3 years
Renewable term of lease	3 years
Maximum
Lessee, Lease, Description [Line Items]
Initial term of lease	10 years
Renewable term of lease	5 years
Corporate Office Lease
Lessee, Lease, Description [Line Items]
Number of extensions	2
Renewable term of lease	5 years

Leases - Lessee Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Oct. 01, 2019
Leases [Abstract]
Right-of-use asset	$ 206,839	$ 246,028
Straight-line rent accrual		(8,479)
Right-of-use asset, net		237,549
Lease liability, current	44,076	45,272
Lease liability, non-current	171,006	200,756
Lease liability, total	$ 215,082	$ 246,028

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2020
Leases [Abstract]
Operating lease expense	$ 15,453	$ 31,978
Variable lease expense	3,093	5,900
Total lease expense	$ 18,546	$ 37,878

Leases - Operating Lease Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Oct. 01, 2019
Leases [Abstract]
Six months ending September 30, 2020	$ 30,794
Fiscal 2021	57,083
Fiscal 2022	48,059
Fiscal 2023	38,546
Fiscal 2024	29,287
Thereafter	68,151
Total undiscounted lease payments	271,920
Less: Portion representing interest	(56,838)
Lease liability, total	$ 215,082	$ 246,028

Leases - Schedule of Future Minimum Rental Payments (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Leases [Abstract]
2020	$ 69,291
2021	60,588
2022	46,720
2023	32,062
2024	19,969
Thereafter	39,256
Total future minimum rental payments	$ 267,886

Leases - Supplemental Cash Flow Information (Details) $ in Thousands	6 Months Ended
	Mar. 31, 2020 USD ($)
Leases [Abstract]
Lease right-of-use assets obtained in exchange for operating lease liabilities subsequent to adoption of ASC 842	$ 866

Strategic Investments - Additional Disclosures (Details) - Cash Converters International Limited $ in Millions, $ in Millions		6 Months Ended
	Oct. 21, 2019 AUD ($)	Mar. 31, 2020 USD ($) shares
Schedule of Equity Method Investments [Line Items]
Number of common shares owned (shares) \| shares		214,183,714
Percentage of common shares owned		34.75%
Settlement awarded to other party	$ 42.5
Loss in period for settlement		$ 7.1

Strategic Investments - Summarized Financial Information (Details) - Cash Converters International Limited - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Summary of financial information for Cash Converters International Limited
Current assets	$ 164,906	$ 172,836
Non-current assets	199,277	151,492
Total assets	364,183	324,328
Current liabilities	93,958	81,165
Non-current liabilities	60,503	22,109
Shareholders’ equity	209,722	221,054
Total liabilities and shareholders’ equity	364,183	324,328
Gross revenues	98,531	99,390
Gross profit	59,250	56,884
Net loss	$ (13,280)	$ (3,791)

Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019
Notes receivable from Grupo Finmart, net \| Carrying Value
Financial assets:
Financial assets	$ 3,728	$ 7,182	$ 25,166
Notes receivable from Grupo Finmart, net \| Estimated Fair Value
Financial assets:
Financial assets	3,853	7,582	26,601
Notes receivable from Grupo Finmart, net \| Estimated Fair Value \| Level 1
Financial assets:
Financial assets	0	0	0
Notes receivable from Grupo Finmart, net \| Estimated Fair Value \| Level 2
Financial assets:
Financial assets	0	0	0
Notes receivable from Grupo Finmart, net \| Estimated Fair Value \| Level 3
Financial assets:
Financial assets	$ 3,853	7,582	26,601
2.89% promissory note receivable due April 2024
Financial liabilities:
Interest on note receivable	2.89%
2.89% promissory note receivable due April 2024 \| Carrying Value
Financial assets:
Financial assets	$ 1,132	1,117
2.89% promissory note receivable due April 2024 \| Estimated Fair Value
Financial assets:
Financial assets	1,132	1,117
2.89% promissory note receivable due April 2024 \| Estimated Fair Value \| Level 1
Financial assets:
Financial assets	0	0
2.89% promissory note receivable due April 2024 \| Estimated Fair Value \| Level 2
Financial assets:
Financial assets	0	0
2.89% promissory note receivable due April 2024 \| Estimated Fair Value \| Level 3
Financial assets:
Financial assets	1,132	1,117
Zero-coupon convertible promissory note due January 2021 \| Carrying Value
Financial assets:
Financial assets			6,793
Zero-coupon convertible promissory note due January 2021 \| Estimated Fair Value
Financial assets:
Financial assets			6,793
Zero-coupon convertible promissory note due January 2021 \| Estimated Fair Value \| Level 1
Financial assets:
Financial assets			0
Zero-coupon convertible promissory note due January 2021 \| Estimated Fair Value \| Level 2
Financial assets:
Financial assets			0
Zero-coupon convertible promissory note due January 2021 \| Estimated Fair Value \| Level 3
Financial assets:
Financial assets			6,793
Investments in unconsolidated affiliates \| Carrying Value
Financial assets:
Financial assets	27,993	34,516	29,387
Investments in unconsolidated affiliates \| Estimated Fair Value
Financial assets:
Financial assets	27,513	28,308	29,387
Investments in unconsolidated affiliates \| Estimated Fair Value \| Level 1
Financial assets:
Financial assets	19,734	20,252	26,611
Investments in unconsolidated affiliates \| Estimated Fair Value \| Level 2
Financial assets:
Financial assets	0	0	0
Investments in unconsolidated affiliates \| Estimated Fair Value \| Level 3
Financial assets:
Financial assets	7,779	8,056	2,776
2019 Convertible Notes \| Carrying Value
Financial liabilities:
Financial liabilities			192,688
2019 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Financial liabilities			193,440
2019 Convertible Notes \| Estimated Fair Value \| Level 1
Financial liabilities:
Financial liabilities			0
2019 Convertible Notes \| Estimated Fair Value \| Level 2
Financial liabilities:
Financial liabilities			193,440
2019 Convertible Notes \| Estimated Fair Value \| Level 3
Financial liabilities:
Financial liabilities			0
2024 Convertible Notes \| Carrying Value
Financial liabilities:
Financial liabilities	114,196	111,311	108,533
2024 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Financial liabilities	106,203	139,969	159,994
2024 Convertible Notes \| Estimated Fair Value \| Level 1
Financial liabilities:
Financial liabilities	0	0	0
2024 Convertible Notes \| Estimated Fair Value \| Level 2
Financial liabilities:
Financial liabilities	106,203	139,969	159,994
2024 Convertible Notes \| Estimated Fair Value \| Level 3
Financial liabilities:
Financial liabilities	0	0	0
2025 Convertible Notes \| Carrying Value
Financial liabilities:
Financial liabilities	129,624	126,210	122,918
2025 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Financial liabilities	128,081	138,345	151,179
2025 Convertible Notes \| Estimated Fair Value \| Level 1
Financial liabilities:
Financial liabilities	0	0	0
2025 Convertible Notes \| Estimated Fair Value \| Level 2
Financial liabilities:
Financial liabilities	128,081	138,345	151,179
2025 Convertible Notes \| Estimated Fair Value \| Level 3
Financial liabilities:
Financial liabilities	$ 0	0	0
8.5% unsecured debt due 2024
Financial liabilities:
Stated interest rate	8.50%
8.5% unsecured debt due 2024 \| Carrying Value
Financial liabilities:
Financial liabilities	$ 983	1,092	1,191
8.5% unsecured debt due 2024 \| Estimated Fair Value
Financial liabilities:
Financial liabilities	983	1,092	1,191
8.5% unsecured debt due 2024 \| Estimated Fair Value \| Level 1
Financial liabilities:
Financial liabilities	0	0	0
8.5% unsecured debt due 2024 \| Estimated Fair Value \| Level 2
Financial liabilities:
Financial liabilities	0	0	0
8.5% unsecured debt due 2024 \| Estimated Fair Value \| Level 3
Financial liabilities:
Financial liabilities	983	1,092	1,191
CASHMAX secured borrowing facility \| Carrying Value
Financial liabilities:
Financial liabilities	(248)	(19)	304
CASHMAX secured borrowing facility \| Estimated Fair Value
Financial liabilities:
Financial liabilities	281	634	1,105
CASHMAX secured borrowing facility \| Estimated Fair Value \| Level 1
Financial liabilities:
Financial liabilities	0	0	0
CASHMAX secured borrowing facility \| Estimated Fair Value \| Level 2
Financial liabilities:
Financial liabilities	0	0	0
CASHMAX secured borrowing facility \| Estimated Fair Value \| Level 3
Financial liabilities:
Financial liabilities	$ 281	$ 634	$ 1,105

Fair Value Measurements - Additional Information (Details) $ in Millions	6 Months Ended
	Mar. 31, 2020 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership percentage	0.13
Restructured notes receivable, amount paid by AlphaCredit	$ 4.0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Grupo Finmart \| Notes Receivable \| Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input of note receivable	0.07

Debt - Outstanding Obligations (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019	May 14, 2018	Jul. 31, 2017	Jun. 30, 2014
Gross Amount
Total	$ 317,514	$ 317,976	$ 513,546
Less current portion	267	214	195,213
Total long-term debt	317,247	317,762	318,333
Debt Discount and Issuance Costs
Total	(72,959)	(79,382)	(87,912)
Less current portion	0	0	(2,312)
Total long-term debt	(72,959)	(79,382)	(85,600)
Carrying Amount
Total	244,555	238,594	425,634
Less current portion	267	214	192,901
Total long-term debt	244,288	238,380	232,733
2019 Convertible Notes
Carrying Amount
Stated interest rate						2.125%
2024 Convertible Notes
Carrying Amount
Stated interest rate					2.875%
Senior Notes \| 2019 Convertible Notes
Gross Amount
Total	0	0	195,000
Debt Discount and Issuance Costs
Total	0	0	(2,312)
Carrying Amount
Total	0	0	192,688
Senior Notes \| 2024 Convertible Notes
Gross Amount
Total	143,750	143,750	143,750
Debt Discount and Issuance Costs
Total	(29,554)	(32,439)	(35,217)
Carrying Amount
Total	114,196	111,311	108,533
Senior Notes \| 2025 Convertible Notes
Gross Amount
Total	172,500	172,500	172,500
Debt Discount and Issuance Costs
Total	(42,876)	(46,290)	(49,582)
Carrying Amount
Total	129,624	126,210	122,918
Stated interest rate				2.375%
Unsecured Debt \| 8.5% unsecured debt due 2024
Gross Amount
Total	983	1,092	1,191
Debt Discount and Issuance Costs
Total	0	0	0
Carrying Amount
Total	$ 983	1,092	1,191
Stated interest rate	8.50%
Receivables Securitization Facility \| CASHMAX secured borrowing facility
Gross Amount
Total	$ 281	634	1,105
Debt Discount and Issuance Costs
Total	(529)	(653)	(801)
Carrying Amount
Total	$ (248)	$ (19)	$ 304

Debt - Principal Payments (Details) - USD ($)	Mar. 31, 2020	May 14, 2018	Jul. 31, 2017
Debt Instrument [Line Items]
Total	$ 317,514,000
Less Than 1 Year	214,000
1 - 3 Years	709,000
3 - 5 Years	316,591,000
More Than 5 Years	0
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	172,500,000
More Than 5 Years	0
Stated interest rate		2.375%
Unsecured Debt \| 8.5% unsecured debt due 2024
Debt Instrument [Line Items]
Total	983,000
Less Than 1 Year	214,000
1 - 3 Years	428,000
3 - 5 Years	341,000
More Than 5 Years	$ 0
Stated interest rate	8.50%
Receivables Securitization Facility \| CASHMAX secured borrowing facility
Debt Instrument [Line Items]
Total	$ 281,000
Less Than 1 Year	0
1 - 3 Years	281,000
3 - 5 Years	0
More Than 5 Years	$ 0

Debt - Interest Expense (Details) - Senior Notes - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
2019 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	$ 0	$ 1,069	$ 0	$ 2,138
Amortization of debt discount and deferred financing costs	0	2,610	0	5,253
Total interest expense	0	3,679	0	7,391
2024 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	1,033	1,033	2,066	2,066
Amortization of debt discount and deferred financing costs	1,457	1,350	2,886	2,675
Total interest expense	2,490	2,383	4,952	4,741
2025 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	1,024	1,024	2,048	2,048
Amortization of debt discount and deferred financing costs	1,722	1,602	3,413	3,176
Total interest expense	$ 2,746	$ 2,626	$ 5,461	$ 5,224

Debt - Additional Information (Details) $ / shares in Units, shares in Millions		1 Months Ended			3 Months Ended	6 Months Ended
	May 14, 2018 USD ($) day $ / shares	Jul. 31, 2017 USD ($) $ / shares	Jul. 31, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2020 USD ($) $ / shares shares	Mar. 31, 2020 USD ($) $ / shares shares	Sep. 30, 2019 USD ($) $ / shares shares	Jun. 15, 2019 USD ($)	Mar. 31, 2019 USD ($)	Nov. 30, 2018 CAD ($)
Debt Instrument [Line Items]
Principal amount					$ 317,514,000	$ 317,514,000
Share price (in dollars per share) \| $ / shares					$ 6.46	$ 6.46
Carrying amount					$ 244,555,000	$ 244,555,000	$ 238,594,000		$ 425,634,000
Amount outstanding					$ 317,514,000	317,514,000	317,976,000		513,546,000
2025 Convertible Notes
Debt Instrument [Line Items]
If-converted value in excess of principal amount						$ 0
2024 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate		2.875%
Principal amount		$ 143,750,000
Effective interest rate					9.00%	9.00%
If-converted value in excess of principal amount						$ 0
Convertible senior notes issued and settled		34,400,000
2019 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate				2.125%
Convertible senior notes issued and settled			$ 30,000,000	$ 200,000,000
Convertible senior notes repurchased and retired		$ 35,000,000.0
Remaining aggregate principal amount repurchased								$ 195,000,000.0
Common Stock Class A Non-voting \| 2024 Convertible Notes
Debt Instrument [Line Items]
Conversion rate per $1,000 principal amount		100
Conversion price, per share (in dollars per share) \| $ / shares		$ 10.00
Additional Paid-in Capital \| 2024 Convertible Notes
Debt Instrument [Line Items]
Carrying amount					$ 25,300,000	25,300,000
Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate	2.375%
Principal amount	$ 172,500,000				172,500,000	172,500,000
Semi-annual stated rate	2.375%
Equity component of debt					$ 39,000,000.0	$ 39,000,000.0
Effective interest rate					9.00%	9.00%
Conversion rate per $1,000 principal amount	62.8931
Conversion price, per share (in dollars per share) \| $ / shares	$ 15.90
Share price (in dollars per share) \| $ / shares	$ 15.90
Carrying amount					$ 129,624,000	$ 129,624,000	126,210,000		122,918,000
Amount outstanding					172,500,000	172,500,000	172,500,000		172,500,000
Senior Notes \| 2024 Convertible Notes
Debt Instrument [Line Items]
Principal amount					143,750,000	143,750,000
Carrying amount					114,196,000	114,196,000	111,311,000		108,533,000
Amount outstanding					143,750,000	143,750,000	143,750,000		143,750,000
Senior Notes \| 2019 Convertible Notes
Debt Instrument [Line Items]
Carrying amount					0	0	0		192,688,000
Amount outstanding					0	0	0		195,000,000
Receivables Securitization Facility \| CASHMAX secured borrowing facility
Debt Instrument [Line Items]
Principal amount					281,000	281,000
Carrying amount					(248,000)	(248,000)	(19,000)		304,000
Amount outstanding					$ 281,000	$ 281,000	$ 634,000		$ 1,105,000
Debt Conversion, Condition One \| Senior Notes \| 2025 Convertible Notes
Debt Instrument [Line Items]
Trading days threshold \| day	20
Consecutive trading day threshold \| day	30
Net-share-settled Warrants \| Common Stock Class A Non-voting
Debt Instrument [Line Items]
Number of securities called (shares) \| shares							14.3
Strike price for warrants (in dollars per share) \| $ / shares							$ 20.83
Class of Warrant or Right, Outstanding \| shares					1.4	1.4
Variable Interest Entity, Primary Beneficiary \| Receivables Securitization Facility \| CASHMAX secured borrowing facility
Debt Instrument [Line Items]
Maximum borrowing amount										$ 25,000,000

Common Stock and Stock Compensation (Details)	1 Months Ended	3 Months Ended		6 Months Ended
Common Stock and Stock Compensation (Details)	Dec. 31, 2019 USD ($)	Mar. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 USD ($) director shares	Mar. 31, 2020 USD ($) $ / shares shares	Sep. 30, 2019 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, period	3 years
Common stock repurchased and retired \| $		$ 4,195,000	$ 963,000
Share price (in dollars per share) \| $ / shares		$ 6.46		$ 6.46
Common Stock Class A Non-voting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, amount authorized \| $	$ 60,000,000.0		$ 60,000,000.0
Common stock repurchased and retired (in shares) \| shares		800,740		943,149
Common stock repurchased and retired \| $		$ 4,200,000		$ 5,200,000
Long-Term Incentive Plan 2010 \| Common Stock Class A Non-voting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares) \| shares					5,485,649
Non-employee Directors \| Long-Term Incentive Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of directors \| director			9
Non-employee Directors \| Long-Term Incentive Plan 2010 \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (in shares) \| shares			222,912

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Total revenues	$ 223,283	$ 214,730	$ 445,718	$ 430,425
Net revenues	127,365	127,690	257,434	257,739
Segment and corporate expenses (income):
Operations	88,372	89,766	178,997	180,642
Administrative	14,620	14,964	32,109	28,129
Depreciation and amortization	7,762	7,012	15,495	13,860
Loss (gain) on sale or disposal of assets and other	261	(823)	1,005	3,619
Interest expense	5,881	8,589	11,210	17,380
Interest income	(941)	(3,126)	(1,784)	(6,465)
Equity in net (income) loss of unconsolidated affiliates	(1,184)	(431)	4,713	688
Impairment of goodwill and intangible assets	47,060	0	47,060	0
Impairment of investment in unconsolidated affiliates	0	6,451	0	19,725
Other (income) expense	(361)	269	(290)	(117)
(Loss) income from continuing operations before income taxes	(34,105)	5,019	(31,081)	278
Segments
Revenues:
Total revenues	223,283	214,730	445,718	430,425
Net revenues	127,365	127,690	257,434	257,739
Segment and corporate expenses (income):
Operations	88,372	89,766	178,997	180,642
Administrative	0	0	0	0
Depreciation and amortization	5,051	4,554	9,851	9,052
Loss (gain) on sale or disposal of assets and other	(123)	(823)	(95)	3,619
Interest expense	556	182	718	283
Interest income	(369)	(431)	(757)	(850)
Equity in net (income) loss of unconsolidated affiliates	(1,184)	(431)	4,713	688
Impairment of goodwill and intangible assets	47,060		47,060
Impairment of investment in unconsolidated affiliates		6,451		19,725
Other (income) expense	(289)	291	(223)	187
(Loss) income from continuing operations before income taxes	(11,709)	28,131	17,170	44,393
Segments \| U.S. Pawn
Revenues:
Total revenues	173,837	166,389	339,434	332,317
Net revenues	100,751	98,890	200,229	200,160
Segment and corporate expenses (income):
Operations	67,619	67,475	135,678	135,435
Administrative	0	0	0	0
Depreciation and amortization	2,711	2,982	5,576	6,017
Loss (gain) on sale or disposal of assets and other	0	(1)	0	2,852
Interest expense	0	0	0	0
Interest income	0	0	0	0
Equity in net (income) loss of unconsolidated affiliates	0	0	0	0
Impairment of goodwill and intangible assets	10,000		10,000
Impairment of investment in unconsolidated affiliates		0		0
Other (income) expense	0	0	0	0
(Loss) income from continuing operations before income taxes	20,421	28,434	48,975	55,856
Segments \| Latin America Pawn
Revenues:
Total revenues	48,149	47,118	103,594	95,104
Net revenues	25,805	27,984	55,539	55,466
Segment and corporate expenses (income):
Operations	18,469	18,223	38,452	36,419
Administrative	0	0	0	0
Depreciation and amortization	1,940	1,495	3,829	2,917
Loss (gain) on sale or disposal of assets and other	(123)	(838)	(95)	751
Interest expense	402	50	430	79
Interest income	(369)	(431)	(757)	(850)
Equity in net (income) loss of unconsolidated affiliates	0	0	0	0
Impairment of goodwill and intangible assets	35,936		35,936
Impairment of investment in unconsolidated affiliates		0		0
Other (income) expense	(309)	29	(242)	(97)
(Loss) income from continuing operations before income taxes	(30,141)	9,456	(22,014)	16,247
Segments \| Lana
Revenues:
Total revenues	3	0	4	0
Net revenues	3	0	4	0
Segment and corporate expenses (income):
Operations	724	1,523	2,074	3,613
Administrative	0	0	0	0
Depreciation and amortization	377	0	389	0
Loss (gain) on sale or disposal of assets and other	0	0	0	0
Interest expense	0	0	(36)	0
Interest income	0	0	0	0
Equity in net (income) loss of unconsolidated affiliates	0	0	0	0
Impairment of goodwill and intangible assets	0		1,124
Impairment of investment in unconsolidated affiliates		0		0
Other (income) expense	0	0	0	0
(Loss) income from continuing operations before income taxes	(1,098)	(1,523)	(3,547)	(3,613)
Segments \| Other International
Revenues:
Total revenues	1,294	1,223	2,686	3,004
Net revenues	806	816	1,662	2,113
Segment and corporate expenses (income):
Operations	1,560	2,545	2,793	5,175
Administrative	0	0	0	0
Depreciation and amortization	23	77	57	118
Loss (gain) on sale or disposal of assets and other	0	16	0	16
Interest expense	154	132	324	204
Interest income	0	0	0	0
Equity in net (income) loss of unconsolidated affiliates	(1,184)	(431)	4,713	688
Impairment of goodwill and intangible assets	1,124		0
Impairment of investment in unconsolidated affiliates		6,451		19,725
Other (income) expense	20	262	19	284
(Loss) income from continuing operations before income taxes	(891)	(8,236)	(6,244)	(24,097)
Corporate Items
Revenues:
Total revenues	0	0	0	0
Net revenues	0	0	0	0
Segment and corporate expenses (income):
Operations	0	0	0	0
Administrative	14,620	14,964	32,109	28,129
Depreciation and amortization	2,711	2,458	5,644	4,808
Loss (gain) on sale or disposal of assets and other	384	0	1,100	0
Interest expense	5,325	8,407	10,492	17,097
Interest income	(572)	(2,695)	(1,027)	(5,615)
Equity in net (income) loss of unconsolidated affiliates	0	0	0	0
Impairment of goodwill and intangible assets	0		0
Impairment of investment in unconsolidated affiliates		0		0
Other (income) expense	(72)	(22)	(67)	(304)
(Loss) income from continuing operations before income taxes	(22,396)	(23,112)	(48,251)	(44,115)
Merchandise
Revenues:
Total revenues	129,830	121,260	256,558	242,284
Cost of revenues	85,776	77,800	169,852	154,912
Merchandise \| Segments
Revenues:
Total revenues	129,830	121,260	256,558	242,284
Cost of revenues	85,776	77,800	169,852	154,912
Merchandise \| Segments \| U.S. Pawn
Revenues:
Total revenues	102,447	96,632	197,801	191,735
Cost of revenues	65,286	60,928	126,650	120,076
Merchandise \| Segments \| Latin America Pawn
Revenues:
Total revenues	27,383	24,628	58,757	50,549
Cost of revenues	20,490	16,872	43,202	34,836
Merchandise \| Segments \| Lana
Revenues:
Total revenues	0	0	0	0
Cost of revenues	0	0	0	0
Merchandise \| Segments \| Other International
Revenues:
Total revenues	0	0	0	0
Cost of revenues	0	0	0	0
Merchandise \| Corporate Items
Revenues:
Total revenues	0	0	0	0
Cost of revenues	0	0	0	0
Jewelry scrapping
Revenues:
Total revenues	11,878	10,380	21,406	19,661
Cost of revenues	9,617	8,833	17,371	16,883
Jewelry scrapping \| Segments
Revenues:
Total revenues	11,878	10,380	21,406	19,661
Cost of revenues	9,617	8,833	17,371	16,883
Jewelry scrapping \| Segments \| U.S. Pawn
Revenues:
Total revenues	9,659	7,916	15,776	14,468
Cost of revenues	7,800	6,571	12,555	12,081
Jewelry scrapping \| Segments \| Latin America Pawn
Revenues:
Total revenues	2,219	2,464	5,630	5,193
Cost of revenues	1,817	2,262	4,816	4,802
Jewelry scrapping \| Segments \| Lana
Revenues:
Total revenues	0	0	0	0
Cost of revenues	0	0	0	0
Jewelry scrapping \| Segments \| Other International
Revenues:
Total revenues	0	0	0	0
Cost of revenues	0	0	0	0
Jewelry scrapping \| Corporate Items
Revenues:
Total revenues	0	0	0	0
Cost of revenues	0	0	0	0
Pawn service charges
Revenues:
Total revenues	80,222	81,799	164,947	165,318
Pawn service charges \| Segments
Revenues:
Total revenues	80,222	81,799	164,947	165,318
Pawn service charges \| Segments \| U.S. Pawn
Revenues:
Total revenues	61,700	61,798	125,790	126,023
Pawn service charges \| Segments \| Latin America Pawn
Revenues:
Total revenues	18,522	20,001	39,157	39,295
Pawn service charges \| Segments \| Lana
Revenues:
Total revenues	0	0	0	0
Pawn service charges \| Segments \| Other International
Revenues:
Total revenues	0	0	0	0
Pawn service charges \| Corporate Items
Revenues:
Total revenues	0	0	0	0
Other
Revenues:
Total revenues	1,353	1,291	2,807	3,162
Cost of revenues	525	407	1,061	891
Other \| Segments
Revenues:
Total revenues	1,353	1,291	2,807	3,162
Cost of revenues	525	407	1,061	891
Other \| Segments \| U.S. Pawn
Revenues:
Total revenues	31	43	67	91
Cost of revenues	0	0	0	0
Other \| Segments \| Latin America Pawn
Revenues:
Total revenues	25	25	50	67
Cost of revenues	37	0	37	0
Other \| Segments \| Lana
Revenues:
Total revenues	3	0	4	0
Cost of revenues	0	0	0	0
Other \| Segments \| Other International
Revenues:
Total revenues	1,294	1,223	2,686	3,004
Cost of revenues	488	407	1,024	891
Other \| Corporate Items
Revenues:
Total revenues	0	0	0	0
Cost of revenues	$ 0	$ 0	$ 0	$ 0

Supplemental Consolidated Financial Information (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 193,729	$ 157,567	$ 347,786
Restricted cash	4,000	4,875	0
Cash and cash equivalents and restricted cash	197,729	162,442	347,786	$ 285,578
Gross pawn service charges receivable	34,843	41,838	34,320
Allowance for uncollectible pawn service charges receivable	(7,539)	(10,036)	(7,223)
Pawn service charges receivable, net	27,304	31,802	27,097
Gross inventory	182,794	189,092	182,295
Inventory reserves	(9,543)	(9,737)	(8,947)
Inventory, net	173,251	179,355	173,348
Prepaid expenses and other	8,953	4,784	11,647
Accounts receivable and other	10,934	10,889	15,974
Income taxes receivable	3,742	10,248	5,363
Prepaid expenses and other current assets	23,629	25,921	32,984
Property and equipment, gross	261,234	265,922	256,411
Accumulated depreciation	(202,447)	(198,565)	(188,893)
Total	58,787	67,357	67,518
Accounts payable	15,582	25,946	13,134
Accrued expenses and other	37,570	52,011	45,562
Accounts payable, accrued expenses and other current liabilities	$ 53,152	$ 77,957	$ 58,696

Subsequent Events (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019
Subsequent Event [Line Items]
Cash and cash equivalents		$ 193,729	$ 157,567	$ 347,786
Subsequent Event
Subsequent Event [Line Items]
Cash and cash equivalents	$ 250,000