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Other Charges

6 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

OTHER CHARGES

NOTE 3: OTHER CHARGES

During the fourth quarter of fiscal 2020, we began to implement strategic initiatives to refocus on our core pawn business and optimize our cost structure in order to improve our bottom line performance and position the Company for sustainable growth. The initiatives focused on workforce reductions, closure of our CASHMAX operations, store closures, write-offs and other miscellaneous charges. We recorded $20.4 million of such charges for the quarter ended September 30, 2020, and had accrued charges of $10.7 million remaining at September 30, 2020. We had no similar charges for the six months ended March 31, 2021.

(in thousands)									Accrued Charges at September 30, 2020						Charges						Payments and Adjustments						Accrued Charges at December 31, 2020						Charges						Payments and Adjustments						Accrued Charges at March 31, 2021
Cash charges:
			Labor reduction costs						$	5,946					$	—					$	(2,343)					$	3,603					$	—					$	(1,075)					$	2,528
			CASHMAX shutdown costs						800						—						$	(400)					$	400					—						$	(400)					$	—
			Store closure costs						1,806						—						$	(1,706)					$	100					—						$	(100)					$	—
			Other						2,166						—						$	(166)					$	2,000					—						$	—					$	2,000
									10,718						$	—					$	(4,615)					$	6,103					$	—					$	(1,575)					$	4,528

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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