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Segment Information (Tables) | 6 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Operating Segment Information | The following tables present revenue for each reportable segment, disaggregated revenue within our three reportable segments and Corporate, segment profits and segment contribution.
| Three Months Ended March 31, 2023
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 108,740 |  |  | $ | 43,767 |  |  | $ | — |  |  | $ | 152,507 |  |  | $ | — |  |  | $ | 152,507 |
Jewelry scrapping sales | 9,814 |  |  | 3,011 |  |  | — |  |  | 12,825 |  |  | — |  |  | 12,825 |
Pawn service charges | 69,945 |  |  | 23,085 |  |  | — |  |  | 93,030 |  |  | — |  |  | 93,030 |
Other revenues | 32 |  |  | 19 |  |  | 10 |  |  | 61 |  |  | — |  |  | 61 |
Total revenues | 188,531 |  |  | 69,882 |  |  | 10 |  |  | 258,423 |  |  | — |  |  | 258,423 |
Merchandise cost of goods sold | 67,643 |  |  | 29,696 |  |  | — |  |  | 97,339 |  |  | — |  |  | 97,339 |
Jewelry scrapping cost of goods sold | 8,550 |  |  | 3,352 |  |  | — |  |  | 11,902 |  |  | — |  |  | 11,902 |
Gross profit | 112,338 |  |  | 36,834 |  |  | 10 |  |  | 149,182 |  |  | — |  |  | 149,182 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 71,946 |  |  | 29,323 |  |  | — |  |  | 101,269 |  |  | — |  |  | 101,269 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 15,609 |  |  | 15,609 |
Depreciation and amortization | 2,560 |  |  | 2,332 |  |  | — |  |  | 4,892 |  |  | 3,071 |  |  | 7,963 |
Loss (gain) loss on sale or disposal of assets | 81 |  |  | (8) |  |  | — |  |  | 73 |  |  | — |  |  | 73 |
Other | — |  |  | (2,465) |  |  | — |  |  | (2,465) |  |  | — |  |  | (2,465) |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 3,390 |  |  | 3,390 |
Interest income | (1) |  |  | (298) |  |  | — |  |  | (299) |  |  | (1,599) |  |  | (1,898) |
Equity in net loss of unconsolidated affiliates | — |  |  | — |  |  | 32,501 |  |  | 32,501 |  |  | — |  |  | 32,501 |
Other (income) expense | — |  |  | (46) |  |  | 6 |  |  | (40) |  |  | 120 |  |  | 80 |
Segment contribution (loss) | $ | 37,752 |  |  | $ | 7,996 |  |  | $ | (32,497) |  |  | $ | 13,251 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 13,251 |  |  | $ | (20,591) |  |  | $ | (7,340) |
| Three Months Ended March 31, 2022
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 100,064 |  |  | $ | 33,492 |  |  | $ | — |  |  | $ | 133,556 |  |  | $ | — |  |  | $ | 133,556 |
Jewelry scrapping sales | 3,480 |  |  | 2,210 |  |  | — |  |  | 5,690 |  |  | — |  |  | 5,690 |
Pawn service charges | 58,772 |  |  | 17,911 |  |  | — |  |  | 76,683 |  |  | — |  |  | 76,683 |
Other revenues | 24 |  |  | — |  |  | 29 |  |  | 53 |  |  | — |  |  | 53 |
Total revenues | 162,340 |  |  | 53,613 |  |  | 29 |  |  | 215,982 |  |  | — |  |  | 215,982 |
Merchandise cost of goods sold | 58,613 |  |  | 23,633 |  |  | — |  |  | 82,246 |  |  | — |  |  | 82,246 |
Jewelry scrapping cost of goods sold | 2,798 |  |  | 2,010 |  |  | — |  |  | 4,808 |  |  | — |  |  | 4,808 |
Gross profit | 100,929 |  |  | 27,970 |  |  | 29 |  |  | 128,928 |  |  | — |  |  | 128,928 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 64,492 |  |  | 21,251 |  |  | — |  |  | 85,743 |  |  | — |  |  | 85,743 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 12,227 |  |  | 12,227 |
Depreciation and amortization | 2,625 |  |  | 1,891 |  |  | — |  |  | 4,516 |  |  | 2,934 |  |  | 7,450 |
Loss on sale or disposal of assets and other | — |  |  | (9) |  |  | — |  |  | (9) |  |  | (688) |  |  | (697) |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 2,527 |  |  | 2,527 |
Interest income | — |  |  | (255) |  |  | — |  |  | (255) |  |  | — |  |  | (255) |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | 1,439 |  |  | 1,439 |  |  | — |  |  | 1,439 |
Other (income) expense | — |  |  | 334 |  |  | 8 |  |  | 342 |  |  | 29 |  |  | 371 |
Segment contribution | $ | 33,812 |  |  | $ | 4,758 |  |  | $ | (1,418) |  |  | $ | 37,152 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 37,152 |  |  | $ | (17,029) |  |  | $ | 20,123 |
| Six Months Ended March 31, 2023
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 227,054 |  |  | $ | 89,240 |  |  | $ | — |  |  | $ | 316,294 |  |  | $ | — |  |  | $ | 316,294 |
Jewelry scrapping sales | 16,990 |  |  | 3,719 |  |  | — |  |  | 20,709 |  |  | — |  |  | 20,709 |
Pawn service charges | 139,255 |  |  | 46,368 |  |  | — |  |  | 185,623 |  |  | — |  |  | 185,623 |
Other revenues | 57 |  |  | 35 |  |  | 32 |  |  | 124 |  |  | — |  |  | 124 |
Total revenues | 383,356 |  |  | 139,362 |  |  | 32 |  |  | 522,750 |  |  | — |  |  | 522,750 |
Merchandise cost of goods sold | 140,899 |  |  | 61,317 |  |  | — |  |  | 202,216 |  |  | — |  |  | 202,216 |
Jewelry scrapping cost of goods sold | 14,766 |  |  | 4,089 |  |  | — |  |  | 18,855 |  |  | — |  |  | 18,855 |
Gross profit | 227,691 |  |  | 73,956 |  |  | 32 |  |  | 301,679 |  |  | — |  |  | 301,679 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 145,250 |  |  | 56,822 |  |  | — |  |  | 202,072 |  |  | — |  |  | 202,072 |
General and administrative | — |  |  | (3) |  |  | — |  |  | (3) |  |  | 31,088 |  |  | 31,085 |
Depreciation and amortization | 5,315 |  |  | 4,547 |  |  | — |  |  | 9,862 |  |  | 6,089 |  |  | 15,951 |
Loss (gain) on sale or disposal of assets | 84 |  |  | (27) |  |  | — |  |  | 57 |  |  | — |  |  | 57 |
Other | — |  |  | (2,465) |  |  | — |  |  | (2,465) |  |  | — |  |  | (2,465) |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 9,580 |  |  | 9,580 |
Interest income | (1) |  |  | (467) |  |  | — |  |  | (468) |  |  | (2,094) |  |  | (2,562) |
Equity in net loss of unconsolidated affiliates | — |  |  | — |  |  | 30,917 |  |  | 30,917 |  |  | — |  |  | 30,917 |
Other expense (income) | — |  |  | 24 |  |  | 10 |  |  | 34 |  |  | (188) |  |  | (154) |
Segment contribution (loss) | $ | 77,043 |  |  | $ | 15,525 |  |  | $ | (30,895) |  |  | $ | 61,673 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 61,673 |  |  | $ | (44,475) |  |  | $ | 17,198 |
| Six Months Ended March 31, 2022
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 202,142 |  |  | $ | 69,134 |  |  | $ | — |  |  | $ | 271,276 |  |  | $ | — |  |  | $ | 271,276 |
Jewelry scrapping sales | 8,460 |  |  | 4,174 |  |  | — |  |  | 12,634 |  |  | — |  |  | 12,634 |
Pawn service charges | 115,329 |  |  | 37,379 |  |  | — |  |  | 152,708 |  |  | — |  |  | 152,708 |
Other revenues | 46 |  |  | 240 |  |  | 72 |  |  | 358 |  |  | — |  |  | 358 |
Total revenues | 325,977 |  |  | 110,927 |  |  | 72 |  |  | 436,976 |  |  | — |  |  | 436,976 |
Merchandise cost of goods sold | 116,445 |  |  | 48,912 |  |  | — |  |  | 165,357 |  |  | — |  |  | 165,357 |
Jewelry scrapping cost of goods sold | 6,773 |  |  | 3,807 |  |  | — |  |  | 10,580 |  |  | — |  |  | 10,580 |
Gross profit | 202,759 |  |  | 58,208 |  |  | 72 |  |  | 261,039 |  |  | — |  |  | 261,039 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 129,181 |  |  | 43,333 |  |  | — |  |  | 172,514 |  |  | — |  |  | 172,514 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 27,772 |  |  | 27,772 |
Depreciation and amortization | 5,295 |  |  | 3,871 |  |  | — |  |  | 9,166 |  |  | 5,858 |  |  | 15,024 |
Gain on sale or disposal of assets and other | — |  |  | (4) |  |  | — |  |  | (4) |  |  | (688) |  |  | (692) |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 4,958 |  |  | 4,958 |
Interest income | — |  |  | (437) |  |  | — |  |  | (437) |  |  | (122) |  |  | (559) |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | 301 |  |  | 301 |  |  | — |  |  | 301 |
Other (income) expense | — |  |  | 200 |  |  | (4) |  |  | 196 |  |  | 55 |  |  | 251 |
Segment contribution | $ | 68,283 |  |  | $ | 11,245 |  |  | $ | (225) |  |  | $ | 79,303 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 79,303 |  |  | $ | (37,833) |  |  | $ | 41,470 |
Reconciliation of Assets from Segment to Consolidated | The following table presents separately identified net earning assets by segment:
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Corporate Items |  | Total
As of March 31, 2023 |  |  |  |  |  |  |  |  |
Pawn loans | $ | 157,043 |  |  | $ | 49,053 |  |  | $ | — |  |  | $ | — |  |  | $ | 206,096 |
Inventory, net | 112,147 |  |  | 38,150 |  |  | — |  |  | — |  |  | 150,297 |
As of March 31, 2022 |  |  |  |  |  |  |  |  |
Pawn loans | $ | 133,515 |  |  | $ | 40,103 |  |  | $ | — |  |  | $ | — |  |  | $ | 173,618 |
Inventory, net | 93,320 |  |  | 26,570 |  |  | — |  |  | — |  |  | 119,890 |

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