0000876523-20-000043 | 10-Q | XBRL Viewer

Leases - Additional Information (Details)	9 Months Ended
Leases - Additional Information (Details)	Jun. 30, 2020 extension_option
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term for operating leases (in years)	5 years 6 months 29 days
Weighted average incremental borrowing rate used to measure lease liabilities	8.25%
Minimum
Lessee, Lease, Description [Line Items]
Initial term of lease (in years)	3 years
Renewable term of lease (in years)	3 years
Maximum
Lessee, Lease, Description [Line Items]
Initial term of lease (in years)	10 years
Renewable term of lease (in years)	5 years
Corporate Office Lease, Two Five-Year Extension Options
Lessee, Lease, Description [Line Items]
Number of extensions	2
Renewable term of lease (in years)	5 years

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 311,130	$ 157,567	$ 138,922
Restricted cash	4,000	4,875	0
Pawn loans	113,290	199,058	190,299
Pawn service charges receivable, net	17,432	31,802	29,847
Inventory, net	123,112	179,355	175,802
Notes receivable, net	3,866	7,182	16,166
Prepaid expenses and other current assets	25,754	25,921	37,365
Total current assets	598,584	605,760	588,401
Investments in unconsolidated affiliates	29,483	34,516	30,922
Property and equipment, net	58,098	67,357	66,214
Lease right-of-use asset	204,591	0	0
Goodwill	257,326	300,527	300,700
Intangible assets, net	65,003	68,044	63,646
Notes receivable, net	1,140	1,117	10,912
Deferred tax asset, net	5,505	1,998	3,956
Other assets	4,572	4,383	4,472
Total assets	1,224,302	1,083,702	1,069,223
Current liabilities:
Current maturities of long-term debt, net	268	214	215
Accounts payable, accrued expenses and other current liabilities	58,358	77,957	59,981
Customer layaway deposits	11,902	12,915	12,750
Lease liability	48,840
Total current liabilities	119,368	91,086	72,946
Long-term debt, net	247,618	238,380	235,449
Deferred tax liability, net	2,165	1,985	7,522
Lease liability	167,716
Other long-term liabilities	7,523	7,302	5,990
Total liabilities	544,390	338,753	321,907
Commitments and contingencies (Note 11)
Stockholders’ equity:
Additional paid-in capital	408,601	407,628	404,880
Retained earnings	341,517	389,163	389,808
Accumulated other comprehensive loss	(70,757)	(52,398)	(47,926)
Total equity	679,912	744,949	747,316
Total liabilities and equity	1,224,302	1,083,702	1,069,223
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 Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (5,487)	$ 3,158	$ (45,123)	$ 1,956
Other comprehensive (loss) income:
Foreign currency translation loss, net of income tax benefit for our investment in unconsolidated affiliate of $561 and $181 for the three and nine months ended June 30, 2020, respectively, and $45 and ($470) for the three and nine months ended June 30, 2019.	5,416	2,024	(18,359)	(5,570)
Comprehensive (loss) income	(71)	5,182	(63,482)	(3,614)
Comprehensive loss attributable to noncontrolling interest	0	0	0	(1,230)
Comprehensive (loss) income attributable to EZCORP, Inc.	$ (71)	$ 5,182	$ (63,482)	$ (2,384)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

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

+ References

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+ Details

Supplemental Consolidated Financial Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 311,130	$ 157,567	$ 138,922
Restricted cash	4,000	4,875	0
Cash and cash equivalents and restricted cash	315,130	162,442	138,922	$ 285,578
Gross pawn service charges receivable	23,674	41,838	39,443
Allowance for uncollectible pawn service charges receivable	(6,242)	(10,036)	(9,596)
Pawn service charges receivable, net	17,432	31,802	29,847
Gross inventory	133,319	189,092	184,886
Inventory reserves	(10,207)	(9,737)	(9,084)
Inventory, net	123,112	179,355	175,802
Prepaid expenses and other	8,980	4,784	13,189
Accounts receivable and other	6,813	10,889	20,335
Income taxes receivable	9,961	10,248	3,841
Prepaid expenses and other current assets	25,754	25,921	37,365
Property and equipment, gross	265,149	265,922	260,216
Accumulated depreciation	(207,051)	(198,565)	(194,002)
Property and equipment, net	58,098	67,357	66,214
Accounts payable	15,304	25,946	18,329
Accrued expenses and other	43,054	52,011	41,652
Accounts payable, accrued expenses and other current liabilities	$ 58,358	$ 77,957	$ 59,981

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities:
Net (loss) income	$ (45,123)	$ 1,956
Adjustments to reconcile net (loss) income to net cash flows from operating activities:
Depreciation and amortization	23,174	21,114
Amortization of debt discount and deferred financing costs	9,814	16,613
Amortization of lease right-of-use asset	34,265
Accretion of notes receivable discount and deferred compensation fee	(688)	(3,788)
Deferred income taxes	(3,327)	5,003
Impairment of goodwill and intangible assets	47,060	0
Impairment of investment in unconsolidated affiliates	0	19,725
Other adjustments	2,128	1,875
Reserve on jewelry scrap receivable	0	3,646
Stock compensation expense	5,093	7,036
Equity in net loss (gain) from investment in unconsolidated affiliates	5,896	(632)
Changes in operating assets and liabilities, net of business acquisitions:
Service charges and fees receivable	14,076	1,301
Inventory	7,990	1,377
Prepaid expenses, other current assets and other assets	(3,348)	(4,194)
Accounts payable, accrued expenses and other liabilities	(40,450)	(1,477)
Customer layaway deposits	(709)	949
Income taxes	514	(5,527)
Net cash provided by operating activities	56,365	64,977
Investing activities:
Loans made	(442,752)	(542,512)
Loans repaid	321,718	328,079
Recovery of pawn loan principal through sale of forfeited collateral	248,290	211,979
Additions to property and equipment, net	(20,867)	(24,568)
Acquisitions, net of cash acquired	0	(8,116)
Principal collections on notes receivable	4,000	21,900
Net cash provided by (used in) investing activities	110,389	(13,238)
Financing activities:
Taxes paid related to net share settlement of equity awards	(1,458)	(3,288)
Payout of deferred consideration	(350)	0
Proceeds from borrowings, net of issuance costs	(106)	1,064
Payments on borrowings	(316)	(195,877)
Repurchase of common stock	(5,158)	0
Net cash used in financing activities	(7,388)	(198,101)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(6,678)	(294)
Net increase (decrease) in cash, cash equivalents and restricted cash	152,688	(146,656)
Cash, cash equivalents and restricted cash at beginning of period	162,442	285,578
Cash, cash equivalents and restricted cash at end of period	315,130	138,922
Non-cash investing and financing activities:
Pawn loans forfeited and transferred to inventory	$ 200,160	$ 221,940

Debt - Additional Information (Details)		1 Months Ended			3 Months Ended	9 Months Ended
Debt - Additional Information (Details)	May 14, 2018 USD ($) $ / shares	Jul. 31, 2017 USD ($) day $ / shares	Jul. 31, 2014 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2020 USD ($) $ / shares shares	Jun. 30, 2020 USD ($) $ / shares shares	Sep. 30, 2019 USD ($) $ / shares shares	Jun. 30, 2019 USD ($)	Jun. 15, 2019 USD ($)	Nov. 30, 2018 CAD ($)
Debt Instrument [Line Items]
Principal amount					$ 317,543,000	$ 317,543,000
Share price (in dollars per share) \| $ / shares					$ 6.46	$ 6.46
Carrying amount					$ 247,886,000	$ 247,886,000	$ 238,594,000	$ 235,664,000
Amount outstanding					$ 317,543,000	317,543,000	317,976,000	318,202,000
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		0.1
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	0.0628931
Conversion price, per share (in dollars per share) \| $ / shares	$ 15.90
Share price (in dollars per share) \| $ / shares	$ 15.90
Carrying amount					$ 131,378,000	$ 131,378,000	126,210,000	124,542,000
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					115,681,000	115,681,000	111,311,000	109,909,000
Amount outstanding					143,750,000	143,750,000	143,750,000	143,750,000
Receivables Securitization Facility \| CASHMAX secured borrowing facility
Debt Instrument [Line Items]
Principal amount					295,000	295,000
Carrying amount					(171,000)	(171,000)	(19,000)	65,000
Amount outstanding					$ 295,000	$ 295,000	$ 634,000	$ 804,000
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 (in shares) \| shares					0	0	14,300,000
Strike price for warrants (in dollars per share) \| $ / shares							$ 20.83
Class of warrant or right, outstanding (in shares) \| shares					0	0
Variable Interest Entity, Primary Beneficiary \| Receivables Securitization Facility \| CASHMAX secured borrowing facility
Debt Instrument [Line Items]
Maximum borrowing amount										$ 25,000,000

Fair Value Measurements

9 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 7: FAIR VALUE MEASUREMENTS

The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories:


•	Level 1 — Quoted market prices in active markets for identical assets or liabilities.


•	Level 2 — Other observable market-based inputs or unobservable inputs that are corroborated by market data.


•	Level 3 — Unobservable inputs that are not corroborated by market data.

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

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

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
	June 30, 2020			June 30, 2020		Fair Value Measurement Using
	June 30, 2020			June 30, 2020		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	3,866		$	3,945	$	—	$	—	$	3,945
2.89% promissory note receivable due April 2024	1,140			1,140		—		—		1,140
Investments in unconsolidated affiliates	29,483			33,602		25,779		—		7,823

Financial liabilities:
2024 Convertible Notes	$	115,681		$	130,669	$	—	$	130,669	$	—
2025 Convertible Notes	131,378			125,235		—		125,235		—
8.5% unsecured debt due 2024	998			998		—		—		998
CASHMAX secured borrowing facility	(171		)	295		—		—		295



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

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	18,744	$	19,517	$	—	$	—	$	19,517
Zero-coupon convertible promissory note due January 2021	7,226		7,226		—		—		7,226
2.89% promissory note receivable due April 2024	1,108		1,108		—		—		1,108
Investments in unconsolidated affiliates	30,922		27,158		24,464		—		2,694

Financial liabilities:
2024 Convertible Notes	109,909		161,719		—		161,719		—
2025 Convertible Notes	124,542		159,873		—		159,873		—
8.5% unsecured debt due 2024	1,148		1,148		—		—		1,148
CASHMAX secured borrowing facility	65		804		—		—		804



	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 COVID-19, certain of the above fair values as of June 30, 2020 may be highly volatile.

We estimate 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 June 30, 2020 under a discounted cash flow approach considering the estimated credit ratings for Grupo Finmart and AlphaCredit, with discount rates of primarily 5%. 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 “Restricted cash” in our condensed consolidated balance sheet as of June 30, 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 Company uses the equity method of accounting for its 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 its fair value approximates carrying value although such fair value is highly variable and includes significant unobservable inputs.

The Company 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

Subsequent Events (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
Subsequent Events (Details) - USD ($) $ in Millions	Jul. 31, 2020	Sep. 30, 2020
Minimum \| Forecast
Subsequent Event [Line Items]
Non-cash write-off, discontinued operations		$ 8.0
Maximum \| Forecast
Subsequent Event [Line Items]
Non-cash write-off, discontinued operations		$ 10.0
CANADA \| Geographic Concentration Risk \| Revenue from Contract with Customer Benchmark \| Subsequent Event
Subsequent Event [Line Items]
Concentration risk percentage	1.00%
CANADA \| Geographic Concentration Risk \| Assets, Total \| Subsequent Event
Subsequent Event [Line Items]
Concentration risk percentage	1.00%

Goodwill and Intangible Assets (Tables)

9 Months Ended

Jun. 30, 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:



	Nine Months Ended June 30, 2020
	U.S. Pawn			Latin America Pawn			Consolidated

	(in millions)
Balance at September 30, 2019	$	251.9		$	46.7		$	298.6
Impairment charge	$	(10.0	)	$	(31.3	)	$	(41.3	)
Balance at June 30, 2020	241.9			15.4			257.3

Cumulative goodwill impairment charges	$	10.0		$	31.3		$	41.3

Fair Value Measurements - Additional Information (Details) $ in Millions	9 Months Ended
	Jun. 30, 2020 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership percentage	0.13
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	0.05
Variable Interest Entity, Not Primary Beneficiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructured notes receivable, amount paid by alphacredit	$ 4.0

Organization and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	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 nine months ended June 30, 2020 and 2019 (the "current quarter" and "current nine-months" and "prior-year quarter" and "prior-year nine-months," respectively) are not necessarily indicative of the results of operations for the full fiscal year. There have been no changes in significant accounting policies as described in our Annual Report on Form 10-K for the year ended September 30, 2019, other than those described below and in Note 12.
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. The Company regularly evaluates 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. The Company bases its estimates on historical experience, observable trends and various other assumptions that it believes to be reasonable under the circumstances. We use this information to make judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. Actual results may differ materially and adversely from the Company's estimates under different assumptions or conditions.
Recently Adopted Accounting Policies and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Policies In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-04, Reference Rate Reform (Topic 848) — Facilitation of the Effects of Reference Rate Reform on Financial Reporting. ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate. ASU 2020-04 is effective upon issuance through December 31, 2022. This ASU has not had a significant impact on the Company's consolidated financial statements and related disclosures to date. The Company will continue to assess the applicability to any future arrangements. Effective October 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842), which requires companies to recognize operating and financing lease liabilities and corresponding right-of-use assets on the balance sheet using the optional prospective transition method provided under ASU 2018-11, Leases- (Topic 842): Targeted Improvements. Additionally, the Company elected the package of practical expedients under Accounting Standards Codification ("ASC") 842 as well as the transition guidance elections to not separate lease and non-lease components for leases under ASC 842. Further, the Company has elected an accounting policy to not record right-of-use assets and lease liabilities for leases that have a duration of 12-months or less. 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) (ASU 2016-13"). ASU 2016-13 modifies the measurement of expected credit losses of certain financial instruments, requiring entities to estimate an expected lifetime credit loss on financial assets. The ASU amends the impairment model to utilize an expected loss methodology and replaces the incurred loss methodology for financial instruments including trade receivables. The amendment requires entities to consider other factors, such as economic conditions and future economic conditions. 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. The Company is still assessing the amendments in ASU 2016-13 and does not expect the amendments will have a significant impact on the Company's consolidated financial statements and related disclosures. ASU 2016-13 is effective for the first quarter of fiscal 2021.

Common Stock and Stock Compensation (Details)	1 Months Ended	3 Months Ended			9 Months Ended
Common Stock and Stock Compensation (Details)	Dec. 31, 2019 USD ($)	Jun. 30, 2020 $ / shares shares	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($) director shares	Jun. 30, 2020 USD ($) $ / shares shares	Sep. 30, 2019 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, period (in years)	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		0			943,149
Common stock repurchased and retired \| $					$ 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 (in 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

Debt - Principal Payments (Details) - USD ($)	Jun. 30, 2020	May 14, 2018	Jul. 31, 2017
Debt Instrument [Line Items]
Total	$ 317,543,000
Less Than 1 Year	268,000
1 - 3 Years	725,000
3 - 5 Years	316,550,000
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	998,000
Less Than 1 Year	268,000
1 - 3 Years	430,000
3 - 5 Years	300,000
More Than 5 Years	$ 0
Stated interest rate	8.50%
Receivables Securitization Facility \| CASHMAX secured borrowing facility
Debt Instrument [Line Items]
Total	$ 295,000
Less Than 1 Year	0
1 - 3 Years	295,000
3 - 5 Years	0
More Than 5 Years	$ 0

Income Taxes	9 Months Ended
Income Taxes	Jun. 30, 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 recognized the effect on the consolidated financial statements in the period the law was enacted in, the period ended March 31, 2020. For the period ended June 30, 2020, the CARES Act has not had 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 ending September 30, 2020.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Debt - Interest Expense (Details) - Senior Notes - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
2019 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	$ 0	$ 896	$ 0	$ 3,034
Amortization of debt discount and deferred financing costs	0	2,314	0	7,567
Total interest expense	0	3,210	0	10,601
2024 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	1,033	1,033	3,100	3,099
Amortization of debt discount and deferred financing costs	1,484	1,376	4,370	4,051
Total interest expense	2,517	2,409	7,470	7,150
2025 Convertible Notes
Debt Instrument [Line Items]
Contractual interest expense	1,024	1,024	3,072	3,072
Amortization of debt discount and deferred financing costs	1,754	1,630	5,168	4,806
Total interest expense	$ 2,778	$ 2,654	$ 8,240	$ 7,878

Leases

9 Months Ended

Jun. 30, 2020

Leases [Abstract]

LEASES

NOTE 5: LEASES

Effective October 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842). The Company's lease portfolio consists primarily of operating leases for pawn locations and corporate offices. Those leases have initial terms ranging from three to ten years and typically allows for renewals in increments of three to five-years. The Company generally accounts for the initial lease term of our pawn locations as up to ten years, including renewal options. Our primary corporate office is leased through March 2029 with escalating rent payments annually 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 the consumer price index, included in variable lease expense. The Company elected to utilize the transition guidance accounting policy elections available, including to not account for lease and non-lease components separately. Lease components generally include rent, taxes and insurance, while non-lease components generally include common area or other maintenance.

The Company determines if an arrangement is or contains a lease at inception.

The weighted-average remaining lease term for operating leases as of June 30, 2020 was 5.58 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. The Company used incremental borrowing rates that match the duration of the remaining lease terms of our operating leases on a fully collateralized basis upon adoption to initially measure our lease liability. The weighted average incremental borrowing rate used to measure the lease liability as of June 30, 2020 was 8.25%.

The details of the Company's 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 nine months ended June 30, 2020 are as follows (in thousands):



	Three Months Ended June 30,		Nine Months Ended June 30,
	2020		2020

Operating lease expense	$	15,624	$	47,603
Variable lease expense	3,025		8,925
	$	18,649	$	56,528

As of June 30, 2020, maturities of lease liabilities by fiscal year were as follows (in thousands):



Three months ending September 30, 2020	$	19,161
Fiscal 2021	59,546
Fiscal 2022	50,481
Fiscal 2023	40,609
Fiscal 2024	31,154
Thereafter	70,094
	$	271,045
Less: Portion representing interest	(54,489		)
	$	216,556
Less: Current portion	48,840
Total long term lease liability	$	167,716

Prior to the adoption of ASC 842, future minimum undiscounted lease payments 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 changes in the lease right-of-use asset and lease liabilities gross in the Company's condensed consolidated statements of cash flows. The supplemental cash flow information relating to our operating leases for the nine months ended

June 30, 2020 is as follows (in thousands):



Lease right-of-use assets obtained in exchange for operating lease liabilities subsequent to adoption of Topic 842	$	10,136

Supplemental Consolidated Financial Information

9 Months Ended

Jun. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

NOTE 13: SUPPLEMENTAL CONSOLIDATED FINANCIAL INFORMATION

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



	June 30, 2020			June 30, 2019			September 30, 2019

	(in thousands)
Cash and cash equivalents	$	311,130		$	138,922		$	157,567
Restricted cash	4,000			—			4,875
Cash and cash equivalents and restricted cash	$	315,130		$	138,922		$	162,442

Gross pawn service charges receivable	$	23,674		$	39,443		$	41,838
Allowance for uncollectible pawn service charges receivable	(6,242		)	(9,596		)	(10,036		)
Pawn service charges receivable, net	$	17,432		$	29,847		$	31,802

Gross inventory	$	133,319		$	184,886		$	189,092
Inventory reserves	(10,207		)	(9,084		)	(9,737		)
Inventory, net	$	123,112		$	175,802		$	179,355

Prepaid expenses and other	$	8,980		$	13,189		$	4,784
Accounts receivable and other	6,813			20,335			10,889
Income taxes receivable	9,961			3,841			10,248
Prepaid expenses and other current assets	$	25,754		$	37,365		$	25,921

Property and equipment, gross	$	265,149		$	260,216		$	265,922
Accumulated depreciation	(207,051		)	(194,002		)	(198,565		)
Property and equipment, net	$	58,098		$	66,214		$	67,357

Accounts payable	$	15,304		$	18,329		$	25,946
Accrued expenses and other	43,054			41,652			52,011
Accounts payable, accrued expenses and other current liabilities	$	58,358		$	59,981		$	77,957

Strategic Investments

9 Months Ended

Jun. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

STRATEGIC INVESTMENTS

NOTE 6: STRATEGIC INVESTMENTS

As of June 30, 2020, the Company 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. The Company recorded a charge, net of tax, of $7.1 million for its proportionate share of the settlement in the first quarter of fiscal 2020 related to this event, in addition to the Company's share of earnings from Cash Converters International. See Note 7 for the fair value and carrying value of the Company's investment in Cash Converters International.

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

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net (loss) income from continuing operations attributable to EZCORP (A)	$ (5,467)	$ 3,361	$ (45,056)	$ 3,590
Loss from discontinued operations, net of tax (B)	(20)	(203)	(67)	(404)
Net (loss) income attributable to EZCORP, Inc.	$ (5,487)	$ 3,158	$ (45,123)	$ 3,186
Weighted-average outstanding shares of common stock (in shares)	55,068	55,445	55,395	55,306
Dilutive effect of restricted stock (in shares)	163	42	88	21
Weighted average common stock and common stock equivalents (in shares)	55,231	55,487	55,483	55,327
Basic (loss) earnings per share attributable to EZCORP:
Continuing operations (in dollars per share)	$ (0.10)	$ 0.06	$ (0.81)	$ 0.06
Discontinued operations (in dollars per share)	0	0	0	0
Basic (loss) earnings per share (in dollars per share)	(0.10)	0.06	(0.81)	0.06
Diluted (loss) earnings per share attributable to EZCORP:
Continuing operations (in dollars per share)	(0.10)	0.06	(0.81)	0.06
Discontinued operations (in dollars per share)	0	0	0	0
Diluted (loss) earnings per share (in dollars per share)	$ (0.10)	$ 0.06	$ (0.81)	$ 0.06
Potential common shares excluded from the calculation of diluted earnings per share above, restricted stock (in shares)	3,042	2,891	2,677	2,804

Strategic Investments - Additional Disclosures (Details) - Cash Converters International Limited $ in Millions, $ in Millions		3 Months Ended
	Oct. 21, 2019 AUD ($)	Dec. 31, 2019 USD ($)	Jun. 30, 2020 shares
Schedule of Equity Method Investments [Line Items]
Number of common shares owned (in 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

Cover Page - shares	9 Months Ended
Cover Page - shares	Jun. 30, 2020	Jul. 27, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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	Q3
Common Stock Class A Non-voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		52,097,590
Common Stock Class B Voting
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		2,970,171
No Trading Symbol Class B

Supplemental Consolidated Financial Information (Tables)

9 Months Ended

Jun. 30, 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 the Company's condensed consolidated balance sheets and condensed consolidated statements of cash flows:



	June 30, 2020			June 30, 2019			September 30, 2019

	(in thousands)
Cash and cash equivalents	$	311,130		$	138,922		$	157,567
Restricted cash	4,000			—			4,875
Cash and cash equivalents and restricted cash	$	315,130		$	138,922		$	162,442

Gross pawn service charges receivable	$	23,674		$	39,443		$	41,838
Allowance for uncollectible pawn service charges receivable	(6,242		)	(9,596		)	(10,036		)
Pawn service charges receivable, net	$	17,432		$	29,847		$	31,802

Gross inventory	$	133,319		$	184,886		$	189,092
Inventory reserves	(10,207		)	(9,084		)	(9,737		)
Inventory, net	$	123,112		$	175,802		$	179,355

Prepaid expenses and other	$	8,980		$	13,189		$	4,784
Accounts receivable and other	6,813			20,335			10,889
Income taxes receivable	9,961			3,841			10,248
Prepaid expenses and other current assets	$	25,754		$	37,365		$	25,921

Property and equipment, gross	$	265,149		$	260,216		$	265,922
Accumulated depreciation	(207,051		)	(194,002		)	(198,565		)
Property and equipment, net	$	58,098		$	66,214		$	67,357

Accounts payable	$	15,304		$	18,329		$	25,946
Accrued expenses and other	43,054			41,652			52,011
Accounts payable, accrued expenses and other current liabilities	$	58,358		$	59,981		$	77,957

Segment Information

9 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 12: SEGMENT INFORMATION

During the first quarter of fiscal 2020, the Company revised its financial information our chief operating decision maker (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. The Company's historical segment results have been recast to conform to current presentation. The Company currently reports segment information 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 the Company's 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 the Company's condensed consolidated financial statements. While we expect the operations of the Lana segment to have a positive impact on pawn loan redemption rates and therefore 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 June 30, 2020
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	116,258	$	20,279		$	—		$	—		$	136,537		$	—		$	136,537
Jewelry scrapping sales	17,129		3,174			—			—			20,303			—			20,303
Pawn service charges	41,069		11,391			—			—			52,460			—			52,460
Other revenues	40		—			9			884			933			—			933
Total revenues	174,496		34,844			9			884			210,233			—			210,233
Merchandise cost of goods sold	75,838		16,021			—			—			91,859			—			91,859
Jewelry scrapping cost of goods sold	12,875		3,283			—			—			16,158			—			16,158
Other cost of revenues	—		32			—			—			32			—			32
Net revenues	85,783		15,508			9			884			102,184			—			102,184
Segment and corporate expenses (income):
Operations	66,243		15,041			1,497			1,057			83,838			—			83,838
Administrative	—		—			—			—			—			14,688			14,688
Depreciation and amortization	2,749		1,647			337			3			4,736			2,943			7,679
Loss (gain) on sale or disposal of assets and other	234		23			—			(20		)	237			18			255
Interest expense	—		—			36			140			176			5,203			5,379
Interest income	—		(404		)	—			—			(404		)	(224		)	(628		)
Equity in net loss of unconsolidated affiliates	—		—			—			1,183			1,183			—			1,183
Impairment of goodwill and intangible assets	—		—			—			—			—			—			—
Other (income) expense	—		(61		)	—			(5		)	(66		)	74			8
Segment contribution (loss)	$	16,557	$	(738	)	$	(1,861	)	$	(1,474	)	$	12,484
Income (loss) from continuing operations before income taxes												$	12,484		$	(22,702	)	$	(10,218	)



	Three Months Ended June 30, 2019
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	83,904	$	19,998		$	—		$	—		$	103,902		$	—		$	103,902
Jewelry scrapping sales	13,889		4,323			—			—			18,212			—			18,212
Pawn service charges	58,635		20,345			—			—			78,980			—			78,980
Other revenues	34		67			—			1,270			1,371			—			1,371
Total revenues	156,462		44,733			—			1,270			202,465			—			202,465
Merchandise cost of goods sold	52,855		17,416			—			—			70,271			—			70,271
Jewelry scrapping cost of goods sold	11,599		4,166			—			—			15,765			—			15,765
Other cost of revenues	—		—			—			576			576			—			576
Net revenues	92,008		23,151			—			694			115,853			—			115,853
Segment and corporate expenses (income):
Operations	65,449		18,284			1,368			994			86,095			—			86,095
Administrative	—		—			—			—			—			13,685			13,685
Depreciation and amortization	2,934		1,626			—			72			4,632			2,622			7,254
(Gain) loss on sale or disposal of assets and other	4		(8		)	—			6			2			22			24
Interest expense	—		1,491			—			76			1,567			8,265			9,832
Interest income	—		(376		)	—			—			(376		)	(2,796		)	(3,172		)
Equity in net income of unconsolidated affiliates	—		—			—			(1,320		)	(1,320		)	—			(1,320		)
Impairment of investment in unconsolidated affiliates	—		—			—			—			—			—			—
Other expense (income)	—		34			—			6			40			(44		)	(4		)
Segment contribution (loss)	$	23,621	$	2,100		$	(1,368	)	$	860		$	25,213
Income from continuing operations before income taxes												$	25,213		$	(21,754	)	$	3,459



	Nine Months Ended June 30, 2020
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	314,059	$	79,036		$	—		$	—		$	393,095		$	—		$	393,095
Jewelry scrapping sales	32,905		8,804			—			—			41,709			—			41,709
Pawn service charges	166,859		50,548			—			—			217,407			—			217,407
Other revenues	107		50			13			3,570			3,740			—			3,740
Total revenues	513,930		138,438			13			3,570			655,951			—			655,951
Merchandise cost of goods sold	202,488		59,223			—			—			261,711			—			261,711
Jewelry scrapping cost of goods sold	25,430		8,099			—			—			33,529			—			33,529
Other cost of revenues	—		69			—			1,024			1,093			—			1,093
Net revenues	286,012		71,047			13			2,546			359,618			—			359,618
Segment and corporate expenses (income):
Operations	201,921		53,493			3,571			3,850			262,835			—			262,835
Administrative	—		—			—			—			—			46,797			46,797
Depreciation and amortization	8,325		5,476			726			60			14,587			8,587			23,174
Loss (gain) on sale or disposal of assets and other	234		(72		)	—			(20		)	142			1,118			1,260
Interest expense	—		430			—			464			894			15,695			16,589
Interest income	—		(1,161		)	—			—			(1,161		)	(1,251		)	(2,412		)
Equity in net loss of unconsolidated affiliates	—		—			—			5,896			5,896			—			5,896
Impairment of goodwill and intangible assets	10,000		35,936			—			1,124			47,060			—			47,060
Other (income) expense	—		(303		)	—			14			(289		)	7			(282		)
Segment contribution (loss)	$	65,532	$	(22,752	)	$	(4,284	)	$	(8,842	)	$	29,654
Income (loss) from continuing operations before income taxes												$	29,654		$	(70,953	)	$	(41,299	)



	Nine Months Ended June 30, 2019
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	275,639	$	70,547		$	—		$	—		$	346,186		$	—		$	346,186
Jewelry scrapping sales	28,357		9,516			—			—			37,873			—			37,873
Pawn service charges	184,658		59,640			—			—			244,298			—			244,298
Other revenues	125		134			—			4,274			4,533			—			4,533
Total revenues	488,779		139,837			—			4,274			632,890			—			632,890
Merchandise cost of goods sold	172,931		52,252			—			—			225,183			—			225,183
Jewelry scrapping cost of goods sold	23,680		8,968			—			—			32,648			—			32,648
Other cost of revenues	—		—			—			1,467			1,467			—			1,467
Net revenues	292,168		78,617			—			2,807			373,592			—			373,592
Segment and corporate expenses (income):
Operations	200,884		54,703			4,981			6,169			266,737			—			266,737
Administrative	—		—			—			—			—			41,814			41,814
Depreciation and amortization	8,951		4,543			—			190			13,684			7,430			21,114
Loss on sale or disposal of assets and other	2,856		743			—			22			3,621			22			3,643
Interest expense	—		1,570			—			280			1,850			25,362			27,212
Interest income	—		(1,226		)	—			—			(1,226		)	(8,411		)	(9,637		)
Equity in net loss of unconsolidated affiliates	—		—			—			(632		)	(632		)	—			(632		)
Impairment of investment in unconsolidated affiliates	—		—			—			19,725			19,725			—			19,725
Other (income) expense	—		(63		)	—			290			227			(348		)	(121		)
Segment contribution (loss)	$	79,477	$	18,347		$	(4,981	)	$	(23,237	)	$	69,606
Income from continuing operations before income taxes												$	69,606		$	(65,869	)	$	3,737

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

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

+ Details

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 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 (in shares)	100,000,000	100,000,000	100,000,000
Common stock, shares issued (in shares)	52,097,590	52,565,064	52,475,070
Common stock, shares outstanding (in 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 (in shares)	3,000,000	3,000,000	3,000,000
Common stock, shares issued (in shares)	2,970,171	2,970,171	2,970,171.000
Common stock, shares outstanding (in shares)	2,970,171	2,970,171	2,970,171

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 (in 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 (in 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 (in 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 (in 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]
Foreign currency translation gain (loss)	(5,570)
Net income (loss)	1,956
Ending balance (in shares) at Jun. 30, 2019		55,445
Ending Balance at Jun. 30, 2019	747,316	$ 554	404,880	389,808	(47,926)	0
Beginning balance (in 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 (in shares) at Mar. 31, 2019		55,445
Ending Balance at Mar. 31, 2019	739,759	$ 554	402,505	386,650	(49,950)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	2,375		2,375
Foreign currency translation gain (loss)	2,024				2,024
Net income (loss)	3,158			3,158
Ending balance (in shares) at Jun. 30, 2019		55,445
Ending Balance at Jun. 30, 2019	747,316	$ 554	404,880	389,808	(47,926)	$ 0
Beginning balance (in 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 (in 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 (in shares) at Dec. 31, 2019		55,856
Ending Balance at Dec. 31, 2019	751,600	$ 559	407,440	389,928	(46,327)
Beginning balance (in 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]
Foreign currency translation gain (loss)	(18,359)
Net income (loss)	(45,123)
Ending balance (in shares) at Jun. 30, 2020		55,068
Ending Balance at Jun. 30, 2020	679,912	$ 551	408,601	341,517	(70,757)
Beginning balance (in 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 (in 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)			(40,874)
Ending balance (in shares) at Mar. 31, 2020		55,068
Ending Balance at Mar. 31, 2020	677,553	$ 551	406,171	347,004	(76,173)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation	2,430		2,430
Foreign currency translation gain (loss)	5,416
Net income (loss)	(5,487)
Ending balance (in shares) at Jun. 30, 2020		55,068
Ending Balance at Jun. 30, 2020	$ 679,912	$ 551	$ 408,601	$ 341,517	$ (70,757)

Leases - Operating Lease Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Oct. 01, 2019
Leases [Abstract]
Three months ending September 30, 2020	$ 19,161
Fiscal 2021	59,546
Fiscal 2022	50,481
Fiscal 2023	40,609
Fiscal 2024	31,154
Thereafter	70,094
Total undiscounted lease payments	271,045
Less: Portion representing interest	(54,489)
Lease liability, total	216,556	$ 246,028
Less: Current portion	48,840	45,272
Total long term lease liability	$ 167,716	$ 200,756

Earnings per Share (Tables)

9 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Net Components of Basic and Diluted Earnings Per Share

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



	Three Months Ended June 30,						Nine Months Ended June 30,
	2020			2019			2020			2019

	(in thousands, except per share amounts)
Net (loss) income from continuing operations attributable to EZCORP (A)	$	(5,467	)	$	3,361		$	(45,056	)	$	3,590
Loss from discontinued operations, net of tax (B)	(20		)	(203		)	(67		)	(404		)
Net (loss) income attributable to EZCORP (C)	$	(5,487	)	$	3,158		$	(45,123	)	$	3,186

Weighted-average outstanding shares of common stock (D)	55,068			55,445			55,395			55,306
Dilutive effect of restricted stock*	163			42			88			21
Weighted-average common stock and common stock equivalents (E)	55,231			55,487			55,483			55,327

Basic (loss) earnings per share attributable to EZCORP:
Continuing operations (A / D)	$	(0.10	)	$	0.06		$	(0.81	)	$	0.06
Discontinued operations (B / D)	—			—			—			—
Basic (loss) earnings per share (C / D)	$	(0.10	)	$	0.06		$	(0.81	)	$	0.06

Diluted (loss) earnings per share attributable to EZCORP:
Continuing operations (A / E)	$	(0.10	)	$	0.06		$	(0.81	)	$	0.06
Discontinued operations (B / E)	—			—			—			—
Diluted (loss) earnings per share (C / E)	$	(0.10	)	$	0.06		$	(0.81	)	$	0.06

Potential common shares excluded from the calculation of diluted earnings per share above*:
Restricted stock**	3,042			2,891			2,677			2,804


*	Includes time-based share-based awards and Convertible Note Warrants. 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.

Acquisitions (Details) $ in Thousands	1 Months Ended
Acquisitions (Details) $ in Thousands	Jun. 30, 2019 USD ($) store	Dec. 31, 2018 USD ($) store	Jun. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)
Business Acquisition [Line Items]
Goodwill	$ 300,700		$ 257,326	$ 300,527
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

Common Stock and Stock Compensation	9 Months Ended
Common Stock and Stock Compensation	Jun. 30, 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, the Company's Board of Directors (the "Board") authorized the repurchase of up to $60.0 million of our Class A Common Stock over three years. Repurchases under the program were suspended in March 2020 in order to preserve liquidity as a result of uncertainties regarding the COVID-19 pandemic. No share repurchases under the program were made during the third quarter. During the nine months ended June 30, 2020, the Company repurchased and retired 943,149 shares of our Class A Common Stock for $5.2 million, which amount was allocated between "Additional paid-in capital" and "Retained earnings" in the Company's condensed consolidated balance sheets. Stock Compensation As of September 30, 2019, the EZCORP, Inc. 2010 Long-Term Incentive Plan, which has been approved by the Company's Board, permitted grants of options, restricted stock awards and stock appreciation rights covering up to 5,485,649 shares of the Company's Class A Common Stock. During the first quarter of fiscal 2020, the Company granted a total of 222,912 restricted stock awards to 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 the Company share price as of the beginning of the fiscal year, which was $6.46 for fiscal 2020 awards.

Leases (Tables)

9 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Lessee Assets and Liabilities

details of the Company's 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

Schedule of Lease Cost

The supplemental cash flow information relating to our operating leases for the nine months ended

June 30, 2020 is as follows (in thousands):



Lease right-of-use assets obtained in exchange for operating lease liabilities subsequent to adoption of Topic 842	$	10,136



	Three Months Ended June 30,		Nine Months Ended June 30,
	2020		2020

Operating lease expense	$	15,624	$	47,603
Variable lease expense	3,025		8,925
	$	18,649	$	56,528

Schedule of Operating Lease Maturity

As of June 30, 2020, maturities of lease liabilities by fiscal year were as follows (in thousands):



Three months ending September 30, 2020	$	19,161
Fiscal 2021	59,546
Fiscal 2022	50,481
Fiscal 2023	40,609
Fiscal 2024	31,154
Thereafter	70,094
	$	271,045
Less: Portion representing interest	(54,489		)
	$	216,556
Less: Current portion	48,840
Total long term lease liability	$	167,716

Schedule of Future Minimum Rental Payments for Operating Leases

Prior to the adoption of ASC 842, future minimum undiscounted lease payments 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

Debt

9 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

DEBT

NOTE 8: DEBT

The following tables present the Company's debt instruments outstanding, contractual maturities and interest expense:



	June 30, 2020								June 30, 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)
2024 Convertible Notes	143,750		(28,069		)	115,681			143,750		(33,841		)	109,909		143,750		(32,439		)	111,311
2025 Convertible Notes	172,500		(41,122		)	131,378			172,500		(47,958		)	124,542		172,500		(46,290		)	126,210
8.5% unsecured debt due 2024*	998		—			998			1,148		—			1,148		1,092		—			1,092
CASHMAX secured borrowing facility*	295		(466		)	(171		)	804		(739		)	65		634		(653		)	(19		)
Total	$	317,543	$	(69,657	)	$	247,886		$	318,202	$	(82,538	)	$	235,664	$	317,976	$	(79,382	)	$	238,594
Less current portion	268		—			268			215		—			215		214		—			214
Total long-term debt	$	317,275	$	(69,657	)	$	247,618		$	317,987	$	(82,538	)	$	235,449	$	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	998		268		430		300		—
CASHMAX secured borrowing facility	295		—		295		—		—
	$	317,543	$	268	$	725	$	316,550	$	—



*	Excludes the potential impact of embedded derivatives as discussed below.



	Three Months Ended June 30,				Nine Months Ended June 30,
	2020		2019		2020		2019

	(in thousands)
2019 Convertible Notes:
Contractual interest expense	$	—	$	896	$	—	$	3,034
Amortization of debt discount and deferred financing costs	—		2,314		—		7,567
Total interest expense	$	—	$	3,210	$	—	$	10,601

2024 Convertible Notes:
Contractual interest expense	$	1,033	$	1,033	$	3,100	$	3,099
Amortization of debt discount and deferred financing costs	1,484		1,376		4,370		4,051
Total interest expense	$	2,517	$	2,409	$	7,470	$	7,150

2025 Convertible Notes:
Contractual interest expense	$	1,024	$	1,024	$	3,072	$	3,072
Amortization of debt discount and deferred financing costs	1,754		1,630		5,168		4,806
Total interest expense	$	2,778	$	2,654	$	8,240	$	7,878

2.375% Convertible Senior Notes Due 2025

In May 2018, the Company 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 the Company 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 the 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 as of June 30, 2020 was $39.0 million. The effective interest rate for the three and nine months ended June 30, 2020 was approximately 9%. As of June 30, 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 the Company's 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 the Company's Class A Common Stock). The Company accounts for the Class A Common Stock issuable upon conversion under the treasury stock method. To the extent the Company's average share price is over $15.90 per share for any fiscal quarter or year-to-date period, the Company is required to recognize incremental dilution of the Company's earnings per share.

If, among other triggers described in the 2018 Indenture, the market price of the Company's 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, the Company may be required to classify the 2025 Convertible Notes as current on the Company's 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 June 30, 2020. As of June 30, 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, the Company 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 the Company 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 the 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 June 30, 2020 was $25.3 million. The effective interest rate for the three and nine months ended June 30, 2020 was approximately 9%. As of June 30, 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 the Company's 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 the Company's Class A Common Stock). The Company accounts for the Class A Common Stock issuable upon conversion under the treasury stock method. To the extent the Company's average share price is over $10.00 per share for any fiscal quarter, the Company is required to recognize incremental dilution of our earnings per share.

If, among other triggers described in the 2017 Indenture, the market price of the Company's 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, the Company may be required to classify the 2024 Convertible Notes as current on the Company's 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 June 30, 2020. As of June 30, 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, the Company 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, the Company 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, the Company 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 the Company's Class A Common Stock at a strike price of $20.83 per share. The Company accounted for the Class A Common Stock issuable upon exercise under the treasury stock method. The 2019 Convertible Notes Warrants began to expire on a daily basis after we repaid the 2019 Convertible Notes and the last of the unexpired 2019 Convertible Notes Warrants expired in May 2020. As of June 30, 2020, there were no 2019 Convertible Notes Warrants outstanding, and no shares of Class A Common Stock were ever issued pursuant to the 2019 Convertible Notes Warrants.

CASHMAX Secured Borrowing Facility

In November 2018, the Company entered into a receivable's 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 owed 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. The Company's obligation under the facility as of June 30, 2020 was $0.3 million.

Subsequent Events	9 Months Ended
Subsequent Events	Jun. 30, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14: SUBSEQUENT EVENTS During July 2020, in conjunction with the ongoing evaluation of our strategic direction, we reviewed a variety of strategic alternatives for our CashMax business and related operations in Canada and concluded that a shutdown of the business was the preferred alternative. We do not expect this shutdown will have a major effect on the Company's operations and financial results as this business represents approximately 1% of total revenues and less than 1% of total assets as of June 30, 2020 and does not represent a major geographical area. We expect the shutdown will be completed during the fourth quarter of fiscal 2020 and will result in charges of approximately $8.0-$10.0 million, which will be recorded in the results of operations for the fourth quarter.

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenues	$ 210,233	$ 202,465	$ 655,951	$ 632,890
Net revenues	102,184	115,853	359,618	373,592
Operating expenses:
Operations	83,838	86,095	262,835	266,737
Administrative	14,688	13,685	46,797	41,814
Impairment of goodwill and intangible assets	0	0	47,060	0
Depreciation and amortization	7,679	7,254	23,174	21,114
Loss on sale or disposal of assets and other	255	24	1,260	3,643
Total operating expenses	106,460	107,058	381,126	333,308
Operating (loss) income	(4,276)	8,795	(21,508)	40,284
Interest expense	5,379	9,832	16,589	27,212
Interest income	(628)	(3,172)	(2,412)	(9,637)
Equity in net (income) loss of unconsolidated affiliates	1,183	(1,320)	5,896	(632)
Impairment of investment in unconsolidated affiliates	0	0	0	19,725
Other (income) expense	8	(4)	(282)	(121)
(Loss) income from continuing operations before income taxes	(10,218)	3,459	(41,299)	3,737
Income tax (benefit) expense	(4,751)	98	3,757	1,377
(Loss) income from continuing operations, net of tax	(5,467)	3,361	(45,056)	2,360
Loss from discontinued operations, net of tax	(20)	(203)	(67)	(404)
Net (loss) income	(5,487)	3,158	(45,123)	1,956
Net loss attributable to noncontrolling interest	0	0	0	(1,230)
Net (loss) income attributable to EZCORP, Inc.	$ (5,487)	$ 3,158	$ (45,123)	$ 3,186
Basic (loss) earnings per share attributable to EZCORP, Inc. — continuing operations (in dollars per share)	$ (0.10)	$ 0.06	$ (0.81)	$ 0.06
Diluted (loss) earnings per share attributable to EZCORP, Inc. — continuing operations (in dollars per share)	$ (0.10)	$ 0.06	$ (0.81)	$ 0.06
Weighted-average basic shares outstanding (in shares)	55,068	55,445	55,395	55,306
Weighted-average diluted shares outstanding (in shares)	55,231	55,487	55,483	55,327
Merchandise
Revenues:
Total revenues	$ 136,537	$ 103,902	$ 393,095	$ 346,186
Cost of revenues	91,859	70,271	261,711	225,183
Jewelry scrapping
Revenues:
Total revenues	20,303	18,212	41,709	37,873
Cost of revenues	16,158	15,765	33,529	32,648
Pawn service charges
Revenues:
Total revenues	52,460	78,980	217,407	244,298
Other
Revenues:
Total revenues	933	1,371	3,740	4,533
Cost of revenues	$ 32	$ 576	$ 1,093	$ 1,467

Contingencies	9 Months Ended
Contingencies	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	NOTE 11: CONTINGENCIES Currently and from time to time, the Company is 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.

Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 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
	June 30, 2020			June 30, 2020		Fair Value Measurement Using
	June 30, 2020			June 30, 2020		Level 1		Level 2		Level 3

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	3,866		$	3,945	$	—	$	—	$	3,945
2.89% promissory note receivable due April 2024	1,140			1,140		—		—		1,140
Investments in unconsolidated affiliates	29,483			33,602		25,779		—		7,823

Financial liabilities:
2024 Convertible Notes	$	115,681		$	130,669	$	—	$	130,669	$	—
2025 Convertible Notes	131,378			125,235		—		125,235		—
8.5% unsecured debt due 2024	998			998		—		—		998
CASHMAX secured borrowing facility	(171		)	295		—		—		295



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

	(in thousands)
Financial assets:
Notes receivable from Grupo Finmart, net	$	18,744	$	19,517	$	—	$	—	$	19,517
Zero-coupon convertible promissory note due January 2021	7,226		7,226		—		—		7,226
2.89% promissory note receivable due April 2024	1,108		1,108		—		—		1,108
Investments in unconsolidated affiliates	30,922		27,158		24,464		—		2,694

Financial liabilities:
2024 Convertible Notes	109,909		161,719		—		161,719		—
2025 Convertible Notes	124,542		159,873		—		159,873		—
8.5% unsecured debt due 2024	1,148		1,148		—		—		1,148
CASHMAX secured borrowing facility	65		804		—		—		804



	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

Organization and Summary of Significant Accounting Policies	9 Months Ended
	Jun. 30, 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. Additionally, we 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 nine months ended June 30, 2020 and 2019 (the "current quarter" and "current nine-months" and "prior-year quarter" and "prior-year nine-months," respectively) are not necessarily indicative of the results of operations for the full fiscal year. There have been no changes in significant accounting policies as described in our Annual Report on Form 10-K for the year ended September 30, 2019, other than those described below and in Note 12. Use of Estimates and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. The Company regularly evaluates 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. The Company bases its estimates on historical experience, observable trends and various other assumptions that it believes to be reasonable under the circumstances. We use this information to make judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. Actual results may differ materially and adversely from the Company's estimates under different assumptions or conditions. Impact of COVID-19 In December 2019, a novel strain of coronavirus “COVID-19” was identified in Wuhan, China. COVID-19 has caused a global health emergency and was declared a worldwide pandemic by the World Health Organization on March 11, 2020. In an effort to slow and contain the spread of COVID-19, local, state and national governments implemented various measures, which have impacted businesses worldwide. The Company 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. During the third quarter, we were able to keep virtually all of our stores in the U.S. and Mexico open for business and operating under enhanced safety measures and restrictions on occupancy, but store closure orders in our GPMX countries (Guatemala, El Salvador, Honduras and Peru) had a more severe impact on our business. Starting in mid-March and continuing through most of the third quarter, we experienced a significant decline in pawn loan originations and associated loan balances as a result of a change in customer borrowing behaviors due to COVID-19. This reduced activity resulted in net revenue losses during the current quarter, which were partially offset by 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 and cannot be reasonably estimated. The pandemic will have an adverse effect on our net revenues and earnings in fiscal 2020 and we expect the impact of the pandemic, and the recovery therefrom, will continue to adversely affect net revenues and earnings into fiscal 2021. A prolonged pandemic and recovery may have an adverse effect on our results of operations, financial position and liquidity in future periods. Recently Adopted Accounting Policies In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-04, Reference Rate Reform (Topic 848) — Facilitation of the Effects of Reference Rate Reform on Financial Reporting. ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate. ASU 2020-04 is effective upon issuance through December 31, 2022. This ASU has not had a significant impact on the Company's consolidated financial statements and related disclosures to date. The Company will continue to assess the applicability to any future arrangements. Effective October 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842), which requires companies to recognize operating and financing lease liabilities and corresponding right-of-use assets on the balance sheet using the optional prospective transition method provided under ASU 2018-11, Leases- (Topic 842): Targeted Improvements. Additionally, the Company elected the package of practical expedients under Accounting Standards Codification ("ASC") 842 as well as the transition guidance elections to not separate lease and non-lease components for leases under ASC 842. Further, the Company has elected an accounting policy to not record right-of-use assets and lease liabilities for leases that have a duration of 12-months or less. 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) (ASU 2016-13"). ASU 2016-13 modifies the measurement of expected credit losses of certain financial instruments, requiring entities to estimate an expected lifetime credit loss on financial assets. The ASU amends the impairment model to utilize an expected loss methodology and replaces the incurred loss methodology for financial instruments including trade receivables. The amendment requires entities to consider other factors, such as economic conditions and future economic conditions. 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. The Company is still assessing the amendments in ASU 2016-13 and does not expect the amendments will have a significant impact on the Company's consolidated financial statements and related disclosures. ASU 2016-13 is effective for the first quarter of fiscal 2021.

Acquisitions	9 Months Ended
Acquisitions	Jun. 30, 2020
Business Combinations [Abstract]
ACQUISITIONS	NOTE 3: ACQUISITIONS In June 2019, the Company 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 is 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.

Debt - Outstanding Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	May 14, 2018	Jul. 31, 2017
Gross Amount
Total	$ 317,543	$ 317,976	$ 318,202
Less current portion	268	214	215
Total long-term debt	317,275	317,762	317,987
Debt Discount and Issuance Costs
Total	(69,657)	(79,382)	(82,538)
Less current portion	0	0	0
Total long-term debt	(69,657)	(79,382)	(82,538)
Carrying Amount
Total	247,886	238,594	235,664
Less current portion	268	214	215
Total long-term debt	247,618	238,380	235,449
2024 Convertible Notes
Carrying Amount
Stated interest rate					2.875%
Senior Notes \| 2024 Convertible Notes
Gross Amount
Total	143,750	143,750	143,750
Debt Discount and Issuance Costs
Total	(28,069)	(32,439)	(33,841)
Carrying Amount
Total	115,681	111,311	109,909
Senior Notes \| 2025 Convertible Notes
Gross Amount
Total	172,500	172,500	172,500
Debt Discount and Issuance Costs
Total	(41,122)	(46,290)	(47,958)
Carrying Amount
Total	131,378	126,210	124,542
Stated interest rate				2.375%
Unsecured Debt \| 8.5% unsecured debt due 2024
Gross Amount
Total	998	1,092	1,148
Debt Discount and Issuance Costs
Total	0	0	0
Carrying Amount
Total	$ 998	1,092	1,148
Stated interest rate	8.50%
Receivables Securitization Facility \| CASHMAX secured borrowing facility
Gross Amount
Total	$ 295	634	804
Debt Discount and Issuance Costs
Total	(466)	(653)	(739)
Carrying Amount
Total	$ (171)	$ (19)	$ 65

Debt (Tables)

9 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long Term Debt Instruments

The following tables present the Company's debt instruments outstanding, contractual maturities and interest expense:



	June 30, 2020								June 30, 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)
2024 Convertible Notes	143,750		(28,069		)	115,681			143,750		(33,841		)	109,909		143,750		(32,439		)	111,311
2025 Convertible Notes	172,500		(41,122		)	131,378			172,500		(47,958		)	124,542		172,500		(46,290		)	126,210
8.5% unsecured debt due 2024*	998		—			998			1,148		—			1,148		1,092		—			1,092
CASHMAX secured borrowing facility*	295		(466		)	(171		)	804		(739		)	65		634		(653		)	(19		)
Total	$	317,543	$	(69,657	)	$	247,886		$	318,202	$	(82,538	)	$	235,664	$	317,976	$	(79,382	)	$	238,594
Less current portion	268		—			268			215		—			215		214		—			214
Total long-term debt	$	317,275	$	(69,657	)	$	247,618		$	317,987	$	(82,538	)	$	235,449	$	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	998		268		430		300		—
CASHMAX secured borrowing facility	295		—		295		—		—
	$	317,543	$	268	$	725	$	316,550	$	—



*	Excludes the potential impact of embedded derivatives as discussed below.



	Three Months Ended June 30,				Nine Months Ended June 30,
	2020		2019		2020		2019

	(in thousands)
2019 Convertible Notes:
Contractual interest expense	$	—	$	896	$	—	$	3,034
Amortization of debt discount and deferred financing costs	—		2,314		—		7,567
Total interest expense	$	—	$	3,210	$	—	$	10,601

2024 Convertible Notes:
Contractual interest expense	$	1,033	$	1,033	$	3,100	$	3,099
Amortization of debt discount and deferred financing costs	1,484		1,376		4,370		4,051
Total interest expense	$	2,517	$	2,409	$	7,470	$	7,150

2025 Convertible Notes:
Contractual interest expense	$	1,024	$	1,024	$	3,072	$	3,072
Amortization of debt discount and deferred financing costs	1,754		1,630		5,168		4,806
Total interest expense	$	2,778	$	2,654	$	8,240	$	7,878

- 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=120391452&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=119993939&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=120395691&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=119993939&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

Strategic Investments (Tables)

9 Months Ended

Jun. 30, 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		)

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax	$ 561	$ 45	$ 181	$ (470)

Leases - Supplemental Cash Flow Information (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2020 USD ($)
Leases [Abstract]
Lease right-of-use assets obtained in exchange for operating lease liabilities subsequent to adoption of Topic 842	$ 10,136

Goodwill and Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Jun. 30, 2020
Goodwill [Line Items]
Impairment of long-lived assets	$ 1.1
Goodwill [Roll Forward]
Balance at September 30, 2019		$ 298.6
Impairment charge		(41.3)
Balance at June 30, 2020		257.3
Cumulative goodwill impairment charges	41.3	41.3
U.S. Pawn
Goodwill [Roll Forward]
Balance at September 30, 2019		251.9
Impairment charge		(10.0)
Balance at June 30, 2020		241.9
Cumulative goodwill impairment charges		10.0
Latin America Pawn
Goodwill [Roll Forward]
Balance at September 30, 2019		46.7
Impairment charge		(31.3)
Balance at June 30, 2020		15.4
Cumulative goodwill impairment charges		$ 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

Strategic Investments - Summarized Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2019
Summary of financial information for Cash Converters International Limited
Current assets	$ 598,584		$ 588,401		$ 598,584	$ 588,401	$ 605,760
Total assets	1,224,302		1,069,223		1,224,302	1,069,223	1,083,702
Current liabilities	119,368		72,946		119,368	72,946	91,086
Total liabilities and equity	1,224,302		1,069,223		1,224,302	1,069,223	$ 1,083,702
Gross profit	102,184		115,853		359,618	373,592
Net loss	$ (5,487)		$ 3,158		$ (45,123)	$ 3,186
Cash Converters International Limited
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 equity		364,183		324,328
Gross revenues		98,531		99,390
Gross profit		59,250		56,884
Net loss		$ (13,280)		$ (3,791)

Leases - Lessee Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Oct. 01, 2019	Sep. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Right-of-use asset	$ 204,591	$ 246,028	$ 0	$ 0
Straight-line rent accrual		(8,479)
Right-of-use asset, net		237,549
Lease liability, current	48,840	45,272
Lease liability, non-current	167,716	200,756
Lease liability, total	$ 216,556	$ 246,028

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenues	$ 210,233	$ 202,465	$ 655,951	$ 632,890
Net revenues	102,184	115,853	359,618	373,592
Segment and corporate expenses (income):
Operations	83,838	86,095	262,835	266,737
Administrative	14,688	13,685	46,797	41,814
Depreciation and amortization	7,679	7,254	23,174	21,114
Loss (gain) on sale or disposal of assets and other	255	24	1,260	3,643
Interest expense	5,379	9,832	16,589	27,212
Interest income	(628)	(3,172)	(2,412)	(9,637)
Equity in net (income) loss of unconsolidated affiliates	1,183	(1,320)	5,896	(632)
Impairment of goodwill and intangible assets	0	0	47,060	0
Impairment of investment in unconsolidated affiliates	0	0	0	19,725
Other (income) expense	8	(4)	(282)	(121)
(Loss) income from continuing operations before income taxes	(10,218)	3,459	(41,299)	3,737
Segments
Revenues:
Total revenues	210,233	202,465	655,951	632,890
Net revenues	102,184	115,853	359,618	373,592
Segment and corporate expenses (income):
Operations	83,838	86,095	262,835	266,737
Administrative	0	0	0	0
Depreciation and amortization	4,736	4,632	14,587	13,684
Loss (gain) on sale or disposal of assets and other	237	2	142	3,621
Interest expense	176	1,567	894	1,850
Interest income	(404)	(376)	(1,161)	(1,226)
Equity in net (income) loss of unconsolidated affiliates	1,183	(1,320)	5,896	(632)
Impairment of goodwill and intangible assets	0		47,060
Impairment of investment in unconsolidated affiliates		0		19,725
Other (income) expense	(66)	40	(289)	227
(Loss) income from continuing operations before income taxes	12,484	25,213	29,654	69,606
Segments \| U.S. Pawn
Revenues:
Total revenues	174,496	156,462	513,930	488,779
Net revenues	85,783	92,008	286,012	292,168
Segment and corporate expenses (income):
Operations	66,243	65,449	201,921	200,884
Administrative	0	0	0	0
Depreciation and amortization	2,749	2,934	8,325	8,951
Loss (gain) on sale or disposal of assets and other	234	4	234	2,856
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	0		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	16,557	23,621	65,532	79,477
Segments \| Latin America Pawn
Revenues:
Total revenues	34,844	44,733	138,438	139,837
Net revenues	15,508	23,151	71,047	78,617
Segment and corporate expenses (income):
Operations	15,041	18,284	53,493	54,703
Administrative	0	0	0	0
Depreciation and amortization	1,647	1,626	5,476	4,543
Loss (gain) on sale or disposal of assets and other	23	(8)	(72)	743
Interest expense	0	1,491	430	1,570
Interest income	(404)	(376)	(1,161)	(1,226)
Equity in net (income) loss of unconsolidated affiliates	0	0	0	0
Impairment of goodwill and intangible assets	0		35,936
Impairment of investment in unconsolidated affiliates		0		0
Other (income) expense	(61)	34	(303)	(63)
(Loss) income from continuing operations before income taxes	(738)	2,100	(22,752)	18,347
Segments \| Lana
Revenues:
Total revenues	9	0	13	0
Net revenues	9	0	13	0
Segment and corporate expenses (income):
Operations	1,497	1,368	3,571	4,981
Administrative	0	0	0	0
Depreciation and amortization	337	0	726	0
Loss (gain) on sale or disposal of assets and other	0	0	0	0
Interest expense	36	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	0		0
Impairment of investment in unconsolidated affiliates		0		0
Other (income) expense	0	0	0	0
(Loss) income from continuing operations before income taxes	(1,861)	(1,368)	(4,284)	(4,981)
Segments \| Other International
Revenues:
Total revenues	884	1,270	3,570	4,274
Net revenues	884	694	2,546	2,807
Segment and corporate expenses (income):
Operations	1,057	994	3,850	6,169
Administrative	0	0	0	0
Depreciation and amortization	3	72	60	190
Loss (gain) on sale or disposal of assets and other	(20)	6	(20)	22
Interest expense	140	76	464	280
Interest income	0	0	0	0
Equity in net (income) loss of unconsolidated affiliates	1,183	(1,320)	5,896	(632)
Impairment of goodwill and intangible assets	0		1,124
Impairment of investment in unconsolidated affiliates		0		19,725
Other (income) expense	(5)	6	14	290
(Loss) income from continuing operations before income taxes	(1,474)	860	(8,842)	(23,237)
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	14,688	13,685	46,797	41,814
Depreciation and amortization	2,943	2,622	8,587	7,430
Loss (gain) on sale or disposal of assets and other	18	22	1,118	22
Interest expense	5,203	8,265	15,695	25,362
Interest income	(224)	(2,796)	(1,251)	(8,411)
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	74	(44)	7	(348)
(Loss) income from continuing operations before income taxes	(22,702)	(21,754)	(70,953)	(65,869)
Merchandise
Revenues:
Total revenues	136,537	103,902	393,095	346,186
Cost of revenues	91,859	70,271	261,711	225,183
Merchandise \| Segments
Revenues:
Total revenues	136,537	103,902	393,095	346,186
Cost of revenues	91,859	70,271	261,711	225,183
Merchandise \| Segments \| U.S. Pawn
Revenues:
Total revenues	116,258	83,904	314,059	275,639
Cost of revenues	75,838	52,855	202,488	172,931
Merchandise \| Segments \| Latin America Pawn
Revenues:
Total revenues	20,279	19,998	79,036	70,547
Cost of revenues	16,021	17,416	59,223	52,252
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	20,303	18,212	41,709	37,873
Cost of revenues	16,158	15,765	33,529	32,648
Jewelry scrapping \| Segments
Revenues:
Total revenues	20,303	18,212	41,709	37,873
Cost of revenues	16,158	15,765	33,529	32,648
Jewelry scrapping \| Segments \| U.S. Pawn
Revenues:
Total revenues	17,129	13,889	32,905	28,357
Cost of revenues	12,875	11,599	25,430	23,680
Jewelry scrapping \| Segments \| Latin America Pawn
Revenues:
Total revenues	3,174	4,323	8,804	9,516
Cost of revenues	3,283	4,166	8,099	8,968
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	52,460	78,980	217,407	244,298
Pawn service charges \| Segments
Revenues:
Total revenues	52,460	78,980	217,407	244,298
Pawn service charges \| Segments \| U.S. Pawn
Revenues:
Total revenues	41,069	58,635	166,859	184,658
Pawn service charges \| Segments \| Latin America Pawn
Revenues:
Total revenues	11,391	20,345	50,548	59,640
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	933	1,371	3,740	4,533
Cost of revenues	32	576	1,093	1,467
Other \| Segments
Revenues:
Total revenues	933	1,371	3,740	4,533
Cost of revenues	32	576	1,093	1,467
Other \| Segments \| U.S. Pawn
Revenues:
Total revenues	40	34	107	125
Cost of revenues	0	0	0	0
Other \| Segments \| Latin America Pawn
Revenues:
Total revenues	0	67	50	134
Cost of revenues	32	0	69	0
Other \| Segments \| Lana
Revenues:
Total revenues	9	0	13	0
Cost of revenues	0	0	0	0
Other \| Segments \| Other International
Revenues:
Total revenues	884	1,270	3,570	4,274
Cost of revenues	0	576	1,024	1,467
Other \| Corporate Items
Revenues:
Total revenues	0	0	0	0
Cost of revenues	$ 0	$ 0	$ 0	$ 0

Goodwill and Intangible Assets

9 Months Ended

Jun. 30, 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 second quarter of fiscal 2020, 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 second quarter of fiscal 2020. 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 in the second quarter of 2020. These impairments were recorded under "Impairment of goodwill and intangible assets" in the condensed consolidated statements of operations. We further evaluated events and circumstances as of June 30, 2020 and determined there were no impairment indicators. 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:



	Nine Months Ended June 30, 2020
	U.S. Pawn			Latin America Pawn			Consolidated

	(in millions)
Balance at September 30, 2019	$	251.9		$	46.7		$	298.6
Impairment charge	$	(10.0	)	$	(31.3	)	$	(41.3	)
Balance at June 30, 2020	241.9			15.4			257.3

Cumulative goodwill impairment charges	$	10.0		$	31.3		$	41.3

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2020
Leases [Abstract]
Operating lease expense	$ 15,624	$ 47,603
Variable lease expense	3,025	8,925
Total lease expense	$ 18,649	$ 56,528

Segment Information (Tables)

9 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Operating Segment Information



	Three Months Ended June 30, 2020
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	116,258	$	20,279		$	—		$	—		$	136,537		$	—		$	136,537
Jewelry scrapping sales	17,129		3,174			—			—			20,303			—			20,303
Pawn service charges	41,069		11,391			—			—			52,460			—			52,460
Other revenues	40		—			9			884			933			—			933
Total revenues	174,496		34,844			9			884			210,233			—			210,233
Merchandise cost of goods sold	75,838		16,021			—			—			91,859			—			91,859
Jewelry scrapping cost of goods sold	12,875		3,283			—			—			16,158			—			16,158
Other cost of revenues	—		32			—			—			32			—			32
Net revenues	85,783		15,508			9			884			102,184			—			102,184
Segment and corporate expenses (income):
Operations	66,243		15,041			1,497			1,057			83,838			—			83,838
Administrative	—		—			—			—			—			14,688			14,688
Depreciation and amortization	2,749		1,647			337			3			4,736			2,943			7,679
Loss (gain) on sale or disposal of assets and other	234		23			—			(20		)	237			18			255
Interest expense	—		—			36			140			176			5,203			5,379
Interest income	—		(404		)	—			—			(404		)	(224		)	(628		)
Equity in net loss of unconsolidated affiliates	—		—			—			1,183			1,183			—			1,183
Impairment of goodwill and intangible assets	—		—			—			—			—			—			—
Other (income) expense	—		(61		)	—			(5		)	(66		)	74			8
Segment contribution (loss)	$	16,557	$	(738	)	$	(1,861	)	$	(1,474	)	$	12,484
Income (loss) from continuing operations before income taxes												$	12,484		$	(22,702	)	$	(10,218	)



	Three Months Ended June 30, 2019
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	83,904	$	19,998		$	—		$	—		$	103,902		$	—		$	103,902
Jewelry scrapping sales	13,889		4,323			—			—			18,212			—			18,212
Pawn service charges	58,635		20,345			—			—			78,980			—			78,980
Other revenues	34		67			—			1,270			1,371			—			1,371
Total revenues	156,462		44,733			—			1,270			202,465			—			202,465
Merchandise cost of goods sold	52,855		17,416			—			—			70,271			—			70,271
Jewelry scrapping cost of goods sold	11,599		4,166			—			—			15,765			—			15,765
Other cost of revenues	—		—			—			576			576			—			576
Net revenues	92,008		23,151			—			694			115,853			—			115,853
Segment and corporate expenses (income):
Operations	65,449		18,284			1,368			994			86,095			—			86,095
Administrative	—		—			—			—			—			13,685			13,685
Depreciation and amortization	2,934		1,626			—			72			4,632			2,622			7,254
(Gain) loss on sale or disposal of assets and other	4		(8		)	—			6			2			22			24
Interest expense	—		1,491			—			76			1,567			8,265			9,832
Interest income	—		(376		)	—			—			(376		)	(2,796		)	(3,172		)
Equity in net income of unconsolidated affiliates	—		—			—			(1,320		)	(1,320		)	—			(1,320		)
Impairment of investment in unconsolidated affiliates	—		—			—			—			—			—			—
Other expense (income)	—		34			—			6			40			(44		)	(4		)
Segment contribution (loss)	$	23,621	$	2,100		$	(1,368	)	$	860		$	25,213
Income from continuing operations before income taxes												$	25,213		$	(21,754	)	$	3,459



	Nine Months Ended June 30, 2020
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	314,059	$	79,036		$	—		$	—		$	393,095		$	—		$	393,095
Jewelry scrapping sales	32,905		8,804			—			—			41,709			—			41,709
Pawn service charges	166,859		50,548			—			—			217,407			—			217,407
Other revenues	107		50			13			3,570			3,740			—			3,740
Total revenues	513,930		138,438			13			3,570			655,951			—			655,951
Merchandise cost of goods sold	202,488		59,223			—			—			261,711			—			261,711
Jewelry scrapping cost of goods sold	25,430		8,099			—			—			33,529			—			33,529
Other cost of revenues	—		69			—			1,024			1,093			—			1,093
Net revenues	286,012		71,047			13			2,546			359,618			—			359,618
Segment and corporate expenses (income):
Operations	201,921		53,493			3,571			3,850			262,835			—			262,835
Administrative	—		—			—			—			—			46,797			46,797
Depreciation and amortization	8,325		5,476			726			60			14,587			8,587			23,174
Loss (gain) on sale or disposal of assets and other	234		(72		)	—			(20		)	142			1,118			1,260
Interest expense	—		430			—			464			894			15,695			16,589
Interest income	—		(1,161		)	—			—			(1,161		)	(1,251		)	(2,412		)
Equity in net loss of unconsolidated affiliates	—		—			—			5,896			5,896			—			5,896
Impairment of goodwill and intangible assets	10,000		35,936			—			1,124			47,060			—			47,060
Other (income) expense	—		(303		)	—			14			(289		)	7			(282		)
Segment contribution (loss)	$	65,532	$	(22,752	)	$	(4,284	)	$	(8,842	)	$	29,654
Income (loss) from continuing operations before income taxes												$	29,654		$	(70,953	)	$	(41,299	)



	Nine Months Ended June 30, 2019
	U.S. Pawn		Latin America Pawn			Lana			Other International			Total Segments			Corporate Items			Consolidated

	(in thousands)
Revenues:
Merchandise sales	$	275,639	$	70,547		$	—		$	—		$	346,186		$	—		$	346,186
Jewelry scrapping sales	28,357		9,516			—			—			37,873			—			37,873
Pawn service charges	184,658		59,640			—			—			244,298			—			244,298
Other revenues	125		134			—			4,274			4,533			—			4,533
Total revenues	488,779		139,837			—			4,274			632,890			—			632,890
Merchandise cost of goods sold	172,931		52,252			—			—			225,183			—			225,183
Jewelry scrapping cost of goods sold	23,680		8,968			—			—			32,648			—			32,648
Other cost of revenues	—		—			—			1,467			1,467			—			1,467
Net revenues	292,168		78,617			—			2,807			373,592			—			373,592
Segment and corporate expenses (income):
Operations	200,884		54,703			4,981			6,169			266,737			—			266,737
Administrative	—		—			—			—			—			41,814			41,814
Depreciation and amortization	8,951		4,543			—			190			13,684			7,430			21,114
Loss on sale or disposal of assets and other	2,856		743			—			22			3,621			22			3,643
Interest expense	—		1,570			—			280			1,850			25,362			27,212
Interest income	—		(1,226		)	—			—			(1,226		)	(8,411		)	(9,637		)
Equity in net loss of unconsolidated affiliates	—		—			—			(632		)	(632		)	—			(632		)
Impairment of investment in unconsolidated affiliates	—		—			—			19,725			19,725			—			19,725
Other (income) expense	—		(63		)	—			290			227			(348		)	(121		)
Segment contribution (loss)	$	79,477	$	18,347		$	(4,981	)	$	(23,237	)	$	69,606
Income from continuing operations before income taxes												$	69,606		$	(65,869	)	$	3,737

Earnings per Share

9 Months Ended

Jun. 30, 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 June 30,						Nine Months Ended June 30,
	2020			2019			2020			2019

	(in thousands, except per share amounts)
Net (loss) income from continuing operations attributable to EZCORP (A)	$	(5,467	)	$	3,361		$	(45,056	)	$	3,590
Loss from discontinued operations, net of tax (B)	(20		)	(203		)	(67		)	(404		)
Net (loss) income attributable to EZCORP (C)	$	(5,487	)	$	3,158		$	(45,123	)	$	3,186

Weighted-average outstanding shares of common stock (D)	55,068			55,445			55,395			55,306
Dilutive effect of restricted stock*	163			42			88			21
Weighted-average common stock and common stock equivalents (E)	55,231			55,487			55,483			55,327

Basic (loss) earnings per share attributable to EZCORP:
Continuing operations (A / D)	$	(0.10	)	$	0.06		$	(0.81	)	$	0.06
Discontinued operations (B / D)	—			—			—			—
Basic (loss) earnings per share (C / D)	$	(0.10	)	$	0.06		$	(0.81	)	$	0.06

Diluted (loss) earnings per share attributable to EZCORP:
Continuing operations (A / E)	$	(0.10	)	$	0.06		$	(0.81	)	$	0.06
Discontinued operations (B / E)	—			—			—			—
Diluted (loss) earnings per share (C / E)	$	(0.10	)	$	0.06		$	(0.81	)	$	0.06

Potential common shares excluded from the calculation of diluted earnings per share above*:
Restricted stock**	3,042			2,891			2,677			2,804


*	Includes time-based share-based awards and Convertible Note Warrants. 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.

Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019
Notes receivable from Grupo Finmart, net \| Carrying Value
Financial assets:
Notes receivable, fair value	$ 3,866	$ 7,182	$ 18,744
Notes receivable from Grupo Finmart, net \| Estimated Fair Value
Financial assets:
Notes receivable, fair value	3,945	7,582	19,517
Notes receivable from Grupo Finmart, net \| Estimated Fair Value \| Level 1
Financial assets:
Notes receivable, fair value	0	0	0
Notes receivable from Grupo Finmart, net \| Estimated Fair Value \| Level 2
Financial assets:
Notes receivable, fair value	0	0	0
Notes receivable from Grupo Finmart, net \| Estimated Fair Value \| Level 3
Financial assets:
Notes receivable, fair value	$ 3,945	7,582	19,517
Zero-coupon convertible promissory note due January 2021 \| Carrying Value
Financial assets:
Notes receivable, fair value			7,226
Zero-coupon convertible promissory note due January 2021 \| Estimated Fair Value
Financial assets:
Notes receivable, fair value			7,226
Zero-coupon convertible promissory note due January 2021 \| Estimated Fair Value \| Level 1
Financial assets:
Notes receivable, fair value			0
Zero-coupon convertible promissory note due January 2021 \| Estimated Fair Value \| Level 2
Financial assets:
Notes receivable, fair value			0
Zero-coupon convertible promissory note due January 2021 \| Estimated Fair Value \| Level 3
Financial assets:
Notes receivable, fair value			7,226
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:
Notes receivable, fair value	$ 1,140	1,117	1,108
2.89% promissory note receivable due April 2024 \| Estimated Fair Value
Financial assets:
Notes receivable, fair value	1,140	1,117	1,108
2.89% promissory note receivable due April 2024 \| Estimated Fair Value \| Level 1
Financial assets:
Notes receivable, fair value	0	0	0
2.89% promissory note receivable due April 2024 \| Estimated Fair Value \| Level 2
Financial assets:
Notes receivable, fair value	0	0	0
2.89% promissory note receivable due April 2024 \| Estimated Fair Value \| Level 3
Financial assets:
Notes receivable, fair value	1,140	1,117	1,108
Investments in unconsolidated affiliates \| Carrying Value
Financial assets:
Investments in unconsolidated affiliates, fair value	29,483	34,516	30,922
Investments in unconsolidated affiliates \| Estimated Fair Value
Financial assets:
Investments in unconsolidated affiliates, fair value	33,602	28,308	27,158
Investments in unconsolidated affiliates \| Estimated Fair Value \| Level 1
Financial assets:
Investments in unconsolidated affiliates, fair value	25,779	20,252	24,464
Investments in unconsolidated affiliates \| Estimated Fair Value \| Level 2
Financial assets:
Investments in unconsolidated affiliates, fair value	0	0	0
Investments in unconsolidated affiliates \| Estimated Fair Value \| Level 3
Financial assets:
Investments in unconsolidated affiliates, fair value	7,823	8,056	2,694
2024 Convertible Notes \| Carrying Value
Financial liabilities:
Debt instruments, fair value	115,681	111,311	109,909
2024 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Debt instruments, fair value	130,669	139,969	161,719
2024 Convertible Notes \| Estimated Fair Value \| Level 1
Financial liabilities:
Debt instruments, fair value	0	0	0
2024 Convertible Notes \| Estimated Fair Value \| Level 2
Financial liabilities:
Debt instruments, fair value	130,669	139,969	161,719
2024 Convertible Notes \| Estimated Fair Value \| Level 3
Financial liabilities:
Debt instruments, fair value	0	0	0
2025 Convertible Notes \| Carrying Value
Financial liabilities:
Debt instruments, fair value	131,378	126,210	124,542
2025 Convertible Notes \| Estimated Fair Value
Financial liabilities:
Debt instruments, fair value	125,235	138,345	159,873
2025 Convertible Notes \| Estimated Fair Value \| Level 1
Financial liabilities:
Debt instruments, fair value	0	0	0
2025 Convertible Notes \| Estimated Fair Value \| Level 2
Financial liabilities:
Debt instruments, fair value	125,235	138,345	159,873
2025 Convertible Notes \| Estimated Fair Value \| Level 3
Financial liabilities:
Debt instruments, fair value	$ 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:
Debt instruments, fair value	$ 998	1,092	1,148
8.5% unsecured debt due 2024 \| Estimated Fair Value
Financial liabilities:
Debt instruments, fair value	998	1,092	1,148
8.5% unsecured debt due 2024 \| Estimated Fair Value \| Level 1
Financial liabilities:
Debt instruments, fair value	0	0	0
8.5% unsecured debt due 2024 \| Estimated Fair Value \| Level 2
Financial liabilities:
Debt instruments, fair value	0	0	0
8.5% unsecured debt due 2024 \| Estimated Fair Value \| Level 3
Financial liabilities:
Debt instruments, fair value	998	1,092	1,148
CASHMAX secured borrowing facility \| Carrying Value
Financial liabilities:
Debt instruments, fair value	(171)	(19)	65
CASHMAX secured borrowing facility \| Estimated Fair Value
Financial liabilities:
Debt instruments, fair value	295	634	804
CASHMAX secured borrowing facility \| Estimated Fair Value \| Level 1
Financial liabilities:
Debt instruments, fair value	0	0	0
CASHMAX secured borrowing facility \| Estimated Fair Value \| Level 2
Financial liabilities:
Debt instruments, fair value	0	0	0
CASHMAX secured borrowing facility \| Estimated Fair Value \| Level 3
Financial liabilities:
Debt instruments, fair value	$ 295	$ 634	$ 804