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Strategic Investments | 3 Months Ended
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Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract] |
STRATEGIC INVESTMENTS | NOTE 5: STRATEGIC INVESTMENTS As of December 31, 2019, we owned 214,183,714 shares, or approximately 34.75%, of Cash Converters International Limited ("Cash Converters International"). The following tables present summary financial information for Cash Converters International’s most recently reported results after translation to U.S. dollars:
| June 30,
| 2019 |  | 2018
| (in thousands)
Current assets | $ | 173,826 |  |  | $ | 229,105 |
Non-current assets | 152,483 |  |  | 148,195 |
Total assets | $ | 326,309 |  |  | $ | 377,300 |
Current liabilities | $ | 77,434 |  |  | $ | 122,924 |
Non-current liabilities | 26,163 |  |  | 15,449 |
Shareholders’ equity | 222,712 |  |  | 238,927 |
Total liabilities and shareholders’ equity | $ | 326,309 |  |  | $ | 377,300 |
| Fiscal Year Ended June 30,
| 2019 |  | 2018
| (in thousands)
Gross revenues | $ | 201,365 |  |  | $ | 201,800 |
Gross profit | 111,932 |  |  | 128,366 |
Net (loss) profit | (1,210 | ) |  | 17,443 |
On October 21, 2019, Cash Converters International agreed to settle a class action lawsuit previously filed on behalf of borrowers residing in Queensland, Australia who took out personal loans from Cash Converters International between July 30, 2009 and June 30, 2013. Cash Converters International agreed to pay AUD $42.5 million, subject to court approval. We recorded a charge, net of tax, of $7.1 million for our proportionate share of the settlement in the current quarter related to this event, in addition to our regularly included share of earnings from Cash Converters International. Cash Converters International has indicated that it expects to pay the settlement amount with cash on hand and cash flow from operations.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.3A-04) -URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355119-122828 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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