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Strategic Investments | 9 Months Ended
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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.

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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 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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