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Common Stock and Stock Compensation
9 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Common Stock and Stock Compensation
NOTE 8: COMMON STOCK AND STOCK COMPENSATION
Common Stock
In February 2015, we issued 1,168,456 shares of our Class A Non-voting Common Stock, valued at $10.01 per share, in connection with the acquisition of 12 pawn stores. These shares are subject to possible redemption and accounted for as temporary equity. See Note 1 and Note 3 for additional information regarding the acquisition and the shares issued in connection with the acquisition.
Stock Compensation
Our net (loss) income includes the following compensation expense (benefit) related to our stock compensation arrangements:
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
 
(in thousands)
Gross compensation cost
$
609

 
$
1,290

 
$
(1,319
)
 
$
9,487

Income tax expense (benefit)
206

 
(579
)
 
(649
)
 
(3,448
)
Net compensation expense (benefit)
$
815

 
$
711

 
$
(1,968
)
 
$
6,039


In June 2014, in connection with the issuance of the Convertible Notes discussed in Note 7, we repurchased 1.0 million shares of outstanding Class A common stock in privately negotiated transactions totaling $11.9 million. We recognized the total amount of the repurchased shares in Treasury Stock on our condensed consolidated balance sheet as of June 30, 2014.