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Segment Information | 6 Months Ended
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Mar. 31, 2025
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 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 Cash Converters and our investment in and notes receivable from Founders. 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 income (loss) before income taxes tables present revenues for each reportable segment, disaggregated revenues within our reportable segments and Corporate, segment profits and segment contribution.
| Three Months Ended March 31, 2025
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 116,915 |  |  | $ | 52,552 |  |  | $ | — |  |  | $ | 169,467 |  |  | $ | — |  |  | $ | 169,467 |
Jewelry scrapping sales | 16,898 |  |  | 4,040 |  |  | — |  |  | 20,938 |  |  | — |  |  | 20,938 |
Pawn service charges | 87,548 |  |  | 28,323 |  |  | — |  |  | 115,871 |  |  | — |  |  | 115,871 |
Other revenues | 24 |  |  | 16 |  |  | — |  |  | 40 |  |  | — |  |  | 40 |
Total revenues | 221,385 |  |  | 84,931 |  |  | — |  |  | 306,316 |  |  | — |  |  | 306,316 |
Merchandise cost of goods sold | 74,772 |  |  | 36,783 |  |  | — |  |  | 111,555 |  |  | — |  |  | 111,555 |
Jewelry scrapping cost of goods sold | 13,235 |  |  | 3,074 |  |  | — |  |  | 16,309 |  |  | — |  |  | 16,309 |
Gross profit | 133,378 |  |  | 45,074 |  |  | — |  |  | 178,452 |  |  | — |  |  | 178,452 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 83,532 |  |  | 32,995 |  |  | — |  |  | 116,527 |  |  | — |  |  | 116,527 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 19,640 |  |  | 19,640 |
Depreciation and amortization | 2,682 |  |  | 1,989 |  |  | — |  |  | 4,671 |  |  | 3,349 |  |  | 8,020 |
Loss on sale or disposal of assets and other | 17 |  |  | — |  |  | — |  |  | 17 |  |  | — |  |  | 17 |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 3,281 |  |  | 3,281 |
Interest income | — |  |  | (337) |  |  | (605) |  |  | (942) |  |  | (933) |  |  | (1,875) |
Equity in net (income) loss of unconsolidated affiliates | — |  |  | — |  |  | (1,866) |  |  | (1,866) |  |  | 361 |  |  | (1,505) |
Other expense (income) | 4 |  |  | (137) |  |  | — |  |  | (133) |  |  | 68 |  |  | (65) |
Segment contribution | $ | 47,143 |  |  | $ | 10,564 |  |  | $ | 2,471 |  |  | $ | 60,178 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 60,178 |  |  | $ | (25,766) |  |  | $ | 34,412 |
| Three Months Ended March 31, 2024
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 114,849 |  |  | $ | 49,838 |  |  | $ | — |  |  | $ | 164,687 |  |  | $ | — |  |  | $ | 164,687 |
Jewelry scrapping sales | 12,686 |  |  | 1,028 |  |  | — |  |  | 13,714 |  |  | — |  |  | 13,714 |
Pawn service charges | 80,010 |  |  | 27,153 |  |  | — |  |  | 107,163 |  |  | — |  |  | 107,163 |
Other revenues | 29 |  |  | 15 |  |  | 31 |  |  | 75 |  |  | — |  |  | 75 |
Total revenues | 207,574 |  |  | 78,034 |  |  | 31 |  |  | 285,639 |  |  | — |  |  | 285,639 |
Merchandise cost of goods sold | 72,798 |  |  | 33,461 |  |  | — |  |  | 106,259 |  |  | — |  |  | 106,259 |
Jewelry scrapping cost of goods sold | 10,794 |  |  | 994 |  |  | — |  |  | 11,788 |  |  | — |  |  | 11,788 |
Gross profit | 123,982 |  |  | 43,579 |  |  | 31 |  |  | 167,592 |  |  | — |  |  | 167,592 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 80,840 |  |  | 33,742 |  |  | — |  |  | 114,582 |  |  | — |  |  | 114,582 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 18,266 |  |  | 18,266 |
Depreciation and amortization | 2,516 |  |  | 2,392 |  |  | — |  |  | 4,908 |  |  | 3,311 |  |  | 8,219 |
(Gain) loss on sale or disposal of assets and other | (30) |  |  | (66) |  |  | — |  |  | (96) |  |  | 99 |  |  | 3 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | (765) |  |  | (765) |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 3,402 |  |  | 3,402 |
Interest income | — |  |  | (608) |  |  | (633) |  |  | (1,241) |  |  | (1,641) |  |  | (2,882) |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (1,719) |  |  | (1,719) |  |  | — |  |  | (1,719) |
Other expense (income) | — |  |  | 1 |  |  | 14 |  |  | 15 |  |  | (180) |  |  | (165) |
Segment contribution | $ | 40,656 |  |  | $ | 8,118 |  |  | $ | 2,369 |  |  | $ | 51,143 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 51,143 |  |  | $ | (22,492) |  |  | $ | 28,651 |
| Six Months Ended March 31, 2025
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 245,715 |  |  | $ | 110,095 |  |  | $ | — |  |  | $ | 355,810 |  |  | $ | — |  |  | $ | 355,810 |
Jewelry scrapping sales | 32,396 |  |  | 5,274 |  |  | — |  |  | 37,670 |  |  | — |  |  | 37,670 |
Pawn service charges | 175,424 |  |  | 57,499 |  |  | — |  |  | 232,923 |  |  | — |  |  | 232,923 |
Other revenues | 51 |  |  | 32 |  |  | — |  |  | 83 |  |  | — |  |  | 83 |
Total revenues | 453,586 |  |  | 172,900 |  |  | — |  |  | 626,486 |  |  | — |  |  | 626,486 |
Merchandise cost of goods sold | 156,328 |  |  | 77,051 |  |  | — |  |  | 233,379 |  |  | — |  |  | 233,379 |
Jewelry scrapping cost of goods sold | 25,203 |  |  | 4,048 |  |  | — |  |  | 29,251 |  |  | — |  |  | 29,251 |
Gross profit | 272,055 |  |  | 91,801 |  |  | — |  |  | 363,856 |  |  | — |  |  | 363,856 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 166,621 |  |  | 66,357 |  |  | — |  |  | 232,978 |  |  | — |  |  | 232,978 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 38,309 |  |  | 38,309 |
Depreciation and amortization | 5,399 |  |  | 4,035 |  |  | — |  |  | 9,434 |  |  | 6,921 |  |  | 16,355 |
Loss on sale or disposal of assets and other | 17 |  |  | 8 |  |  | — |  |  | 25 |  |  | — |  |  | 25 |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 6,428 |  |  | 6,428 |
Interest income | — |  |  | (539) |  |  | (1,199) |  |  | (1,738) |  |  | (2,230) |  |  | (3,968) |
Equity in net (income) loss of unconsolidated affiliates | — |  |  | — |  |  | (3,489) |  |  | (3,489) |  |  | 509 |  |  | (2,980) |
Other (income) loss | (7) |  |  | (208) |  |  | — |  |  | (215) |  |  | 1,128 |  |  | 913 |
Segment contribution | $ | 100,025 |  |  | $ | 22,148 |  |  | $ | 4,688 |  |  | $ | 126,861 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 126,861 |  |  | $ | (51,065) |  |  | $ | 75,796 |
| Six Months Ended March 31, 2024
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Total Segments |  | Corporate Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Merchandise sales | $ | 240,362 |  |  | $ | 103,728 |  |  | $ | — |  |  | $ | 344,090 |  |  | $ | — |  |  | $ | 344,090 |
Jewelry scrapping sales | 25,501 |  |  | 2,295 |  |  | — |  |  | 27,796 |  |  | — |  |  | 27,796 |
Pawn service charges | 159,083 |  |  | 54,529 |  |  | — |  |  | 213,612 |  |  | — |  |  | 213,612 |
Other revenues | 66 |  |  | 31 |  |  | 35 |  |  | 132 |  |  | — |  |  | 132 |
Total revenues | 425,012 |  |  | 160,583 |  |  | 35 |  |  | 585,630 |  |  | — |  |  | 585,630 |
Merchandise cost of goods sold | 151,507 |  |  | 69,962 |  |  | — |  |  | 221,469 |  |  | — |  |  | 221,469 |
Jewelry scrapping cost of goods sold | 22,078 |  |  | 1,918 |  |  | — |  |  | 23,996 |  |  | — |  |  | 23,996 |
Gross profit | 251,427 |  |  | 88,703 |  |  | 35 |  |  | 340,165 |  |  | — |  |  | 340,165 |
Segment and corporate expenses (income): |  |  |  |  |  |  |  |  |  |  |
Store expenses | 158,095 |  |  | 67,042 |  |  | — |  |  | 225,137 |  |  | — |  |  | 225,137 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 34,809 |  |  | 34,809 |
Depreciation and amortization | 5,140 |  |  | 4,731 |  |  | — |  |  | 9,871 |  |  | 6,913 |  |  | 16,784 |
(Gain) loss on sale or disposal of assets and other | (4) |  |  | (262) |  |  | — |  |  | (266) |  |  | 97 |  |  | (169) |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | (765) |  |  | (765) |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 6,842 |  |  | 6,842 |
Interest income | — |  |  | (1,028) |  |  | (1,206) |  |  | (2,234) |  |  | (3,287) |  |  | (5,521) |
Equity in net income of unconsolidated affiliates | — |  |  | — |  |  | (2,872) |  |  | (2,872) |  |  | — |  |  | (2,872) |
Other (income) expense | — |  |  | (47) |  |  | 15 |  |  | (32) |  |  | (404) |  |  | (436) |
Segment contribution | $ | 88,196 |  |  | $ | 18,267 |  |  | $ | 4,098 |  |  | $ | 110,561 |  |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 110,561 |  |  | $ | (44,205) |  |  | $ | 66,356 |
The following table presents separately identified segment assets:
(in thousands) | U.S. Pawn |  | Latin America Pawn |  | Other Investments |  | Corporate Items |  | Total
As of March 31, 2025 |  |  |  |  |  |  |  |  |
Pawn loans | $ | 199,418 |  |  | $ | 62,412 |  |  | $ | — |  |  | $ | — |  |  | $ | 261,830 |
Pawn service charges receivable, net | 37,345 |  |  | 4,978 |  |  | — |  |  | — |  |  | 42,323 |
Inventory, net | 156,816 |  |  | 50,967 |  |  | — |  |  | — |  |  | 207,783 |
Total assets | 1,346,150 |  |  | 318,833 |  |  | 81,258 |  |  | 83,387 |  |  | 1,829,628 |
As of March 31, 2024 |  |  |  |  |  |  |  |  |
Pawn loans | $ | 173,744 |  |  | $ | 62,029 |  |  | $ | — |  |  | $ | — |  |  | $ | 235,773 |
Pawn service charges receivable, net | 33,218 |  |  | 5,050 |  |  | — |  |  | — |  |  | 38,268 |
Inventory, net | 121,863 |  |  | 41,566 |  |  | — |  |  | — |  |  | 163,429 |
Total assets | 1,003,447 |  |  | 330,256 |  |  | 81,238 |  |  | 93,201 |  |  | 1,508,142 |
As of September 30, 2024 |  |  |  |  |  |  |  |  |
Pawn loans | $ | 214,306 |  |  | $ | 59,778 |  |  | $ | — |  |  | $ | — |  |  | $ | 274,084 |
Pawn service charges receivable, net | 39,194 |  |  | 4,819 |  |  | — |  |  | — |  |  | 44,013 |
Inventory, net | 138,624 |  |  | 53,299 |  |  | — |  |  | — |  |  | 191,923 |
Total assets | 1,009,226 |  |  | 311,824 |  |  | 79,421 |  |  | 92,766 |  |  | 1,493,237 |

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