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Fair Value Measurements (Tables) | 9 Months Ended
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Jun. 30, 2016
Fair Value Disclosures [Abstract] |
Financial assets (liabilities) that are measured at fair value on a recurring basis | The tables below present our financial assets (liabilities) that were measured at fair value on a recurring basis as of June 30, 2016 and 2015 and September 30, 2015:
|  | June 30, 2016 |  | Fair Value Measurements Using
Financial assets (liabilities) | Level 1 |  | Level 2 |  | Level 3
|  | (in thousands)
Foreign currency forwards |  | $ | 7,044 |  |  | $ | — |  |  | $ | 7,044 |  |  | $ | — |
Cash Convertible Notes Hedges |  | 16,200 |  |  | — |  |  | 16,200 |  |  | — |
Cash Convertible Notes Embedded Derivative |  | (16,200 | ) |  | — |  |  | (16,200 | ) |  | — |
Net financial assets |  | $ | 7,044 |  |  | $ | — |  |  | $ | 7,044 |  |  | $ | — |
|  | June 30, 2015 |  | Fair Value Measurements Using
Financial assets (liabilities) | Level 1 |  | Level 2 |  | Level 3
|  | (in thousands)
Foreign currency forwards |  | $ | 11,273 |  |  | $ | — |  |  | $ | 11,273 |  |  | $ | — |
Holding Period Adjustment |  | 47 |  |  | — |  |  | 47 |  |  | — |
Cash Convertible Notes Hedges |  | 23,160 |  |  | — |  |  | 23,160 |  |  | — |
Cash Convertible Notes Embedded Derivative |  | (23,160 | ) |  | — |  |  | (23,160 | ) |  | — |
Contingent consideration |  | (2,836 | ) |  | — |  |  | — |  |  | (2,836 | )
Net financial assets (liabilities) |  | $ | 8,484 |  |  | $ | — |  |  | $ | 11,320 |  |  | $ | (2,836 | )
|  | September 30, 2015 |  | Fair Value Measurements Using
Financial assets (liabilities) | Level 1 |  | Level 2 |  | Level 3
|  | (in thousands)
Foreign currency forwards |  | $ | 14,169 |  |  | $ | — |  |  | $ | 14,169 |  |  | $ | — |
Holding Period Adjustment |  | 4 |  |  | — |  |  | 4 |  |  | — |
Cash Convertible Notes Hedges |  | 10,505 |  |  | — |  |  | 10,505 |  |  | — |
Cash Convertible Notes Embedded Derivative |  | (10,505 | ) |  | — |  |  | (10,505 | ) |  | — |
Phantom share-based awards |  | (3,932 | ) |  | — |  |  | — |  |  | (3,932 | )
Contingent consideration |  | (2,601 | ) |  | — |  |  | — |  |  | (2,601 | )
Net financial assets (liabilities) |  | $ | 7,640 |  |  | $ | — |  |  | $ | 14,173 |  |  | $ | (6,533 | )
Fair value valuation techniques | The fair value of fiscal 2015 phantom share-based awards that were estimated using the Monte Carlo simulation model incorporated the closing share price of our Class A Common Stock on the date of grant (considered, for this purpose, to be October 1, 2014), as well as the following assumptions, which we consider to be Level 3 inputs under the fair value hierarchy:
Expected volatility of EZCORP, Inc. Class A Common Stock | 49.7 | %
Risk-free interest rate | 1.9 | %
Expected term in years | 6 |
Cost of equity | 11.5 | %
Dividend yield | — |
Financial assets, temporary equity, and liabilities not measured at fair value in the consolidated balance sheet | Our financial assets, temporary equity and financial liabilities as of June 30, 2016 and 2015 and September 30, 2015 that were not measured at fair value in our condensed consolidated balance sheets, inclusive of Grupo Finmart balances as discussed in Note 2, are as follows:
|  | Carrying Value |  | Estimated Fair Value
|  | June 30, 2016 |  | June 30, 2016 |  | Fair Value Measurement Using
|  | Level 1 |  | Level 2 |  | Level 3
|  | (in thousands)
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 29,380 |  |  | $ | 29,380 |  |  | $ | 29,380 |  |  | $ | — |  |  | $ | — |
Cash and cash equivalents — discontinued operations* |  | 1,728 |  |  | 1,728 |  |  | 1,728 |  |  | — |  |  | — |
Restricted cash |  | 5,000 |  |  | 5,000 |  |  | 5,000 |  |  | — |  |  | — |
Restricted cash — discontinued operations* |  | 11,654 |  |  | 11,654 |  |  | 11,654 |  |  | — |  |  | — |
Pawn loans |  | 160,269 |  |  | 160,269 |  |  | — |  |  | — |  |  | 160,269 |
Consumer loans, net — discontinued operations* |  | 19,905 |  |  | 34,896 |  |  | — |  |  | — |  |  | 34,896 |
Pawn service charges receivable, net |  | 29,643 |  |  | 29,643 |  |  | — |  |  | — |  |  | 29,643 |
Consumer loan fees and interest receivable, net — discontinued operations* |  | 11,390 |  |  | 11,390 |  |  | — |  |  | — |  |  | 11,390 |
Investment in unconsolidated affiliate |  | 57,656 |  |  | 49,194 |  |  | 49,194 |  |  | — |  |  | — |
Restricted cash, non-current — discontinued operations* |  | 2,226 |  |  | 2,226 |  |  | 2,226 |  |  | — |  |  | — |
Non-current consumer loans, net — discontinued operations* |  | 51,504 |  |  | 90,291 |  |  | — |  |  | — |  |  | 90,291 |
|  | $ | 380,355 |  |  | $ | 425,671 |  |  | $ | 99,182 |  |  | $ | — |  |  | $ | 326,489 |
Temporary equity: |  |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interest — discontinued operations* |  | $ | (2,410 | ) |  | $ | 3,109 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,109 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Cash Convertible Notes |  | $ | 195,221 |  |  | $ | 190,762 |  |  | $ | — |  |  | $ | 190,762 |  |  | $ | — |
Foreign currency debt — discontinued operations* |  | 14,826 |  |  | 15,079 |  |  | — |  |  | 15,079 |  |  | — |
Consumer loans facility due 2019 — discontinued operations* |  | 25,669 |  |  | 25,894 |  |  | — |  |  | 25,894 |  |  | — |
Foreign currency unsecured notes — discontinued operations* |  | 17,665 |  |  | 17,772 |  |  | — |  |  | 17,772 |  |  | — |
Foreign currency secured notes — discontinued operations* |  | 18,068 |  |  | 18,722 |  |  | — |  |  | 18,722 |  |  | — |
Secured notes consolidated from VIEs — discontinued operations* |  | 40,843 |  |  | 37,779 |  |  | — |  |  | 37,779 |  |  | — |
|  | $ | 312,292 |  |  | $ | 306,008 |  |  | $ | — |  |  | $ | 306,008 |  |  | $ | — |
|  | Carrying Value |  | Estimated Fair Value
|  | June 30, 2015 |  | June 30, 2015 |  | Fair Value Measurement Using
|  | Level 1 |  | Level 2 |  | Level 3
|  | (in thousands)
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 113,405 |  |  | $ | 113,405 |  |  | $ | 113,405 |  |  | $ | — |  |  | $ | — |
Cash and cash equivalents — discontinued operations* |  | 982 |  |  | 982 |  |  | 982 |  |  | — |  |  | — |
Restricted cash |  | 218 |  |  | 218 |  |  | 218 |  |  | — |  |  | — |
Restricted cash — discontinued operations* |  | 27,797 |  |  | 27,797 |  |  | 27,797 |  |  | — |  |  | — |
Pawn loans |  | 144,377 |  |  | 144,377 |  |  | — |  |  | — |  |  | 144,377 |
Consumer loans, net — discontinued operations* |  | 36,719 |  |  | 47,605 |  |  | — |  |  | — |  |  | 47,605 |
Pawn service charges receivable, net |  | 26,989 |  |  | 26,989 |  |  | — |  |  | — |  |  | 26,989 |
Consumer loan fees and interest receivable, net — discontinued operations* |  | 13,595 |  |  | 13,595 |  |  | — |  |  | — |  |  | 13,595 |
Investment in unconsolidated affiliate |  | 90,423 |  |  | 81,426 |  |  | 81,426 |  |  | — |  |  | — |
Restricted cash, non-current — discontinued operations* |  | 2,978 |  |  | 2,978 |  |  | 2,978 |  |  | — |  |  | — |
Non-current consumer loans, net — discontinued operations* |  | 82,739 |  |  | 107,268 |  |  | — |  |  | — |  |  | 107,268 |
|  | $ | 540,222 |  |  | $ | 566,640 |  |  | $ | 226,806 |  |  | $ | — |  |  | $ | 339,834 |
Temporary equity: |  |  |  |  |  |  |  |  |  |
Common Stock, subject to possible redemption |  | $ | 11,696 |  |  | $ | 11,241 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,241 |
Redeemable noncontrolling interest — discontinued operations* |  | 16,318 |  |  | 33,297 |  |  | — |  |  | — |  |  | 33,297 |
|  | $ | 28,014 |  |  | $ | 44,538 |  |  | $ | — |  |  | $ | — |  |  | $ | 44,538 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Cash Convertible Notes |  | $ | 184,765 |  |  | $ | 181,746 |  |  | $ | — |  |  | $ | 181,746 |  |  | $ | — |
Foreign currency debt — discontinued operations* |  | 20,602 |  |  | 23,667 |  |  | — |  |  | 23,667 |  |  | — |
Consumer loans facility due 2019 — discontinued operations* |  | 43,900 |  |  | 45,843 |  |  | — |  |  | 45,843 |  |  | — |
Foreign currency unsecured notes — discontinued operations* |  | 18,082 |  |  | 18,536 |  |  | — |  |  | 18,536 |  |  | — |
Foreign currency secured notes — discontinued operations* |  | 22,117 |  |  | 25,639 |  |  | — |  |  | 25,639 |  |  | — |
Secured notes consolidated from VIEs — discontinued operations* |  | 86,815 |  |  | 83,640 |  |  | — |  |  | 83,640 |  |  | — |
|  | $ | 376,281 |  |  | $ | 379,071 |  |  | $ | — |  |  | $ | 379,071 |  |  | $ | — |
|  | Carrying Value |  | Estimated Fair Value
|  | September 30, 2015 |  | September 30, 2015 |  | Fair Value Measurement Using
|  | Level 1 |  | Level 2 |  | Level 3
|  | (in thousands)
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 56,244 |  |  | $ | 56,244 |  |  | $ | 56,244 |  |  | $ | — |  |  | $ | — |
Cash and cash equivalents — discontinued operations* |  | 2,880 |  |  | 2,880 |  |  | 2,880 |  |  | — |  |  | — |
Restricted cash |  | 144 |  |  | 144 |  |  | 144 |  |  | — |  |  | — |
Restricted cash — discontinued operations* |  | 14,993 |  |  | 14,993 |  |  | 14,993 |  |  | — |  |  | — |
Pawn loans |  | 159,964 |  |  | 159,964 |  |  | — |  |  | — |  |  | 159,964 |
Consumer loans, net — discontinued operations* |  | 31,824 |  |  | 43,731 |  |  | — |  |  | — |  |  | 43,731 |
Pawn service charges receivable, net |  | 30,852 |  |  | 30,852 |  |  | — |  |  | — |  |  | 30,852 |
Consumer loan fees and interest receivable, net — discontinued operations* |  | 19,105 |  |  | 19,105 |  |  | — |  |  | — |  |  | 19,105 |
Investment in unconsolidated affiliate |  | 56,182 |  |  | 56,182 |  |  | 56,182 |  |  | — |  |  | — |
Restricted cash, non-current — discontinued operations* |  | 2,883 |  |  | 2,883 |  |  | 2,883 |  |  | — |  |  | — |
Non-current consumer loans, net — discontinued operations* |  | 75,824 |  |  | 104,194 |  |  | — |  |  | — |  |  | 104,194 |
|  | $ | 450,895 |  |  | $ | 491,172 |  |  | $ | 133,326 |  |  | $ | — |  |  | $ | 357,846 |
Temporary equity: |  |  |  |  |  |  |  |  |  |
Common stock, subject to possible redemption |  | $ | 11,696 |  |  | $ | 11,438 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,438 |
Redeemable noncontrolling interest — discontinued operations* |  | 3,235 |  |  | 5,467 |  |  | — |  |  | — |  |  | 5,467 |
|  | $ | 14,931 |  |  | $ | 16,905 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,905 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Cash Convertible Notes |  | $ | 187,471 |  |  | $ | 169,050 |  |  | $ | — |  |  | $ | 169,050 |  |  | $ | — |
Foreign currency debt — discontinued operations* |  | 18,505 |  |  | 19,851 |  |  | — |  |  | 19,851 |  |  | — |
Consumer loans facility due 2019 — discontinued operations* |  | 40,493 |  |  | 40,774 |  |  | — |  |  | 40,774 |  |  | — |
Foreign currency unsecured notes — discontinued operations* |  | 20,987 |  |  | 20,477 |  |  | — |  |  | 20,477 |  |  | — |
Foreign currency secured notes — discontinued operations* |  | 20,286 |  |  | 22,476 |  |  | — |  |  | 22,476 |  |  | — |
Secured notes consolidated from VIEs — discontinued operations* |  | 73,264 |  |  | 68,685 |  |  | — |  |  | 68,685 |  |  | — |
|  | $ | 361,006 |  |  | $ | 341,313 |  |  | $ | — |  |  | $ | 341,313 |  |  | $ | — |
* | See Note 1 for discussion of operations discontinued subsequent to the adoption of ASU 2014-08.

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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