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Segment Information | 12 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Segment Information | NOTE 14: SEGMENT INFORMATION Our operations are primarily managed on a geographical basis and consist of three reportable segments. The factors for determining our reportable segments include the manner in which our chief operating decision maker (CODM) evaluates performance for purposes of allocating resources and assessing performance. During the first quarter of fiscal 2021, the financial information of our Lana business activities were no longer reviewed by the CODM for evaluating performance since Lana no longer has business activities but, rather, offers support activities to our U.S. Pawn and Latin America Pawn operating segments. As a result, Lana is no longer an operating or reportable segment. We currently report our segments 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; and •Other Investments — Primarily our equity interest in the net income of Cash Converters along with our investment in Founders and RDC. There are no inter-segment revenues presented below, and the amounts below were determined in accordance with the same accounting principles used in our consolidated financial statements. The following tables present revenue for each reportable segment, disaggregated revenue within our three reportable segments and Corporate, segment profits and segment contribution.
| Fiscal Year Ended September 30, 2022
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 391,958 |  |  | $ | 140,928 |  |  | $ | — |  |  | $ | 532,886 |  |  | $ | — |  |  | $ | 532,886 |
Jewelry scrapping sales | 25,739 |  |  | 6,294 |  |  | — |  |  | 32,033 |  |  | — |  |  | 32,033 |
Pawn service charges | 240,982 |  |  | 79,883 |  |  | — |  |  | 320,865 |  |  | — |  |  | 320,865 |
Other revenues | 83 |  |  | 247 |  |  | 111 |  |  | 441 |  |  | — |  |  | 441 |
Total revenues | 658,762 |  |  | 227,352 |  |  | 111 |  |  | 886,225 |  |  | — |  |  | 886,225 |
Merchandise cost of goods sold | 230,241 |  |  | 99,141 |  |  | — |  |  | 329,382 |  |  | — |  |  | 329,382 |
Jewelry scrapping cost of goods sold | 22,755 |  |  | 5,941 |  |  | — |  |  | 28,696 |  |  | — |  |  | 28,696 |
Gross profit | 405,766 |  |  | 122,270 |  |  | 111 |  |  | 528,147 |  |  | — |  |  | 528,147 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 266,114 |  |  | 91,303 |  |  | — |  |  | 357,417 |  |  | — |  |  | 357,417 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 64,342 |  |  | 64,342 |
Depreciation and amortization | 10,552 |  |  | 7,913 |  |  | — |  |  | 18,465 |  |  | 13,675 |  |  | 32,140 |
(Gain) loss on sale or disposal of assets and other | 51 |  |  | (37) |  |  | — |  |  | 14 |  |  | (688) |  |  | (674) |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 9,972 |  |  | 9,972 |
Interest income | (2) |  |  | (815) |  |  | — |  |  | (817) |  |  | — |  |  | (817) |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (1,779) |  |  | (1,779) |  |  | — |  |  | (1,779) |
Other (income) expense | — |  |  | (148) |  |  | 52 |  |  | (96) |  |  | (71) |  |  | (167) |
Segment contribution | $ | 129,051 |  |  | $ | 24,054 |  |  | $ | 1,838 |  |  | $ | 154,943 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 154,943 |  |  | $ | (87,230) |  |  | $ | 67,713 |
| Fiscal Year Ended September 30, 2021
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 341,495 |  |  | $ | 101,303 |  |  | $ | — |  |  | $ | 442,798 |  |  | $ | — |  |  | $ | 442,798 |
Jewelry scrapping sales | 15,260 |  |  | 10,765 |  |  | — |  |  | 26,025 |  |  | — |  |  | 26,025 |
Pawn service charges | 196,721 |  |  | 63,475 |  |  | — |  |  | 260,196 |  |  | — |  |  | 260,196 |
Other revenues | 105 |  |  | 7 |  |  | 420 |  |  | 532 |  |  | — |  |  | 532 |
Total revenues | 553,581 |  |  | 175,550 |  |  | 420 |  |  | 729,551 |  |  | — |  |  | 729,551 |
Merchandise cost of goods sold | 191,039 |  |  | 66,179 |  |  | — |  |  | 257,218 |  |  | — |  |  | 257,218 |
Jewelry scrapping cost of goods sold | 13,001 |  |  | 9,847 |  |  | — |  |  | 22,848 |  |  | — |  |  | 22,848 |
Gross profit | 349,541 |  |  | 99,524 |  |  | 420 |  |  | 449,485 |  |  | — |  |  | 449,485 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 253,344 |  |  | 77,493 |  |  | — |  |  | 330,837 |  |  | — |  |  | 330,837 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 56,495 |  |  | 56,495 |
Depreciation and amortization | 10,650 |  |  | 7,371 |  |  | — |  |  | 18,021 |  |  | 12,651 |  |  | 30,672 |
Gain (loss) on sale or disposal of assets | 27 |  |  | (6) |  |  | — |  |  | 21 |  |  | 62 |  |  | 83 |
Other Charges | — |  |  | 229 |  |  | — |  |  | 229 |  |  | — |  |  | 229 |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 22,177 |  |  | 22,177 |
Interest income | — |  |  | (2,016) |  |  | — |  |  | (2,016) |  |  | (461) |  |  | (2,477) |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (3,803) |  |  | (3,803) |  |  | — |  |  | (3,803) |
Other (income) expense | — |  |  | (840) |  |  | (173) |  |  | (1,013) |  |  | 223 |  |  | (790) |
Segment contribution | $ | 85,520 |  |  | $ | 17,293 |  |  | $ | 4,396 |  |  | $ | 107,209 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 107,209 |  |  | $ | (91,147) |  |  | $ | 16,062 |
| Fiscal Year Ended September 30, 2020
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 391,921 |  |  | $ | 106,292 |  |  | $ | — |  |  | $ | 498,213 |  |  | $ | — |  |  | $ | 498,213 |
Jewelry scrapping sales | 36,691 |  |  | 11,262 |  |  | — |  |  | 47,953 |  |  | — |  |  | 47,953 |
Pawn service charges | 210,081 |  |  | 62,557 |  |  | — |  |  | 272,638 |  |  | — |  |  | 272,638 |
Other revenues | 150 |  |  | — |  |  | 3,823 |  |  | 3,973 |  |  | — |  |  | 3,973 |
Total revenues | 638,843 |  |  | 180,111 |  |  | 3,823 |  |  | 822,777 |  |  | — |  |  | 822,777 |
Merchandise cost of goods sold | 251,544 |  |  | 82,937 |  |  | — |  |  | 334,481 |  |  | — |  |  | 334,481 |
Jewelry scrapping cost of goods sold | 28,064 |  |  | 9,977 |  |  | — |  |  | 38,041 |  |  | — |  |  | 38,041 |
Other cost of revenues | — |  |  | 101 |  |  | 953 |  |  | 1,054 |  |  | — |  |  | 1,054 |
Gross profit | 359,235 |  |  | 87,096 |  |  | 2,870 |  |  | 449,201 |  |  | — |  |  | 449,201 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 261,608 |  |  | 69,916 |  |  | 5,246 |  |  | 336,770 |  |  | — |  |  | 336,770 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 54,133 |  |  | 54,133 |
Impairment of goodwill and intangibles assets | 10,000 |  |  | 35,938 |  |  | 1,149 |  |  | 47,087 |  |  | 7,579 |  |  | 54,666 |
Depreciation and amortization | 11,030 |  |  | 7,315 |  |  | 68 |  |  | 18,413 |  |  | 12,414 |  |  | 30,827 |
Gain (loss) on sale or disposal of assets | 385 |  |  | (72) |  |  | (20) |  |  | 293 |  |  | 508 |  |  | 801 |
Other Charges | 3,106 |  |  | 1,715 |  |  | 3,802 |  |  | 8,623 |  |  | 11,765 |  |  | 20,388 |
Interest expense | — |  |  | 685 |  |  | 549 |  |  | 1,234 |  |  | 21,238 |  |  | 22,472 |
Interest income | — |  |  | (1,586) |  |  | — |  |  | (1,586) |  |  | (1,587) |  |  | (3,173) |
Equity in net loss of unconsolidated affiliates | — |  |  | — |  |  | 2,429 |  |  | 2,429 |  |  | — |  |  | 2,429 |
Other (income) expense | — |  |  | (156) |  |  | 6 |  |  | (150) |  |  | 133 |  |  | (17) |
Segment contribution (loss) | $ | 73,106 |  |  | $ | (26,659) |  |  | $ | (10,359) |  |  | $ | 36,088 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 36,088 |  |  | $ | (106,183) |  |  | $ | (70,095) |
The following table presents separately identified segment assets:
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Corporate |  | Total
Assets as of September 30, 2022 |  |  |  |  |  |  |  |  |
Pawn loans | $ | 163,484 |  |  | $ | 46,525 |  |  | $ | — |  |  | $ | — |  |  | $ | 210,009 |
Pawn service charges receivable, net | 29,441 |  |  | 4,035 |  |  | — |  |  | — |  |  | 33,476 |
Inventory, net | 114,951 |  |  | 36,664 |  |  | — |  |  | — |  |  | 151,615 |
Total assets | 872,959 |  |  | 258,702 |  |  | 41,334 |  |  | 174,883 |  |  | 1,347,878 |
Assets as of September 30, 2021 |  |  |  |  |  |  |  |  |
Pawn loans | $ | 135,931 |  |  | $ | 39,970 |  |  | $ | — |  |  | $ | — |  |  | 175,901 |
Pawn service charges receivable, net | 24,365 |  |  | 4,972 |  |  | — |  |  | — |  |  | 29,337 |
Inventory, net | 82,386 |  |  | 28,603 |  |  | — |  |  | — |  |  | 110,989 |
Total assets | 779,271 |  |  | 233,347 |  |  | 38,993 |  |  | 215,300 |  |  | 1,266,911 |
The following tables provide geographic information:
| Fiscal Year Ended September 30,
(in thousands) | 2022 |  | 2021 |  | 2020
Revenues: |  |  |  |  |
United States | $ | 658,762 |  |  | $ | 553,581 |  |  | $ | 638,844 |
Mexico | 173,122 |  |  | 128,773 |  |  | 131,965 |
Other Latin America | 54,230 |  |  | 46,777 |  |  | 48,146 |
Canada and other | 111 |  |  | 420 |  |  | 3,822 |
Total revenues | $ | 886,225 |  |  | $ | 729,551 |  |  | $ | 822,777 |
| September 30, |  |
(in thousands) | 2022 |  | 2021 |  |
Property and equipment, net: |  |  |  |  |
United States | $ | 32,594 |  |  | $ | 30,651 |  |  |
Mexico | 19,805 |  |  | $ | 19,255 |  |  |
Other Latin America | 4,326 |  |  | $ | 3,905 |  |  |
Property and equipment, net | $ | 56,725 |  |  | $ | 53,811 |  |  |

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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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