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v3.23.1

Segment Information | 6 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Segment Information | NOTE 10: SEGMENT INFORMATION Our operations are primarily managed on a geographical basis and are comprised 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. 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 condensed 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.
| 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 |
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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- 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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