Common Stock and Stock Compensation (Tables)

12 Months Ended

Sep. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Information on Class A Common Stock issued as acquisition consideration

The following table presents information on shares of our Class A Common Stock issued as acquisition consideration. Fiscal 2013 shares were registered on a “shelf" Registration Statement on Form S-4 that was declared effective in January 2011, and fiscal 2015 shares were issued through an unregistered private placement transaction pursuant to Section 4(a)(2) of the Securities Act of 1933 to a small number of related individuals and entities who were either “accredited investors" or “sophisticated investors.”

	Fiscal Year Ended September 30,
	2015	2014	2013
	(in thousands)
Shares issued due to acquisitions	1,168	—	1,965
Shares issued due to purchase of subsidiary shares from noncontrolling interest	—	—	592

Compensation costs included in net income

Our net income includes the following compensation costs related to our stock compensation arrangements:

	Fiscal Year Ended September 30,
	2015			2014			2013
	(in thousands)
Gross compensation costs:
Phantom stock	$	3,932		$	—		$	—
Restricted stock	(1,558		)	6,845			7,128
Total gross compensation costs	2,374			6,845			7,128
Income tax benefits:
Restricted stock	—			(3,576		)	(2,460		)
Total income tax benefits	—			(3,576		)	(2,460		)
Net compensation expense	$	2,374		$	3,269		$	4,668

Schedule of assumptions for phantom share-based awards

The fair value of fiscal 2015 phantom share-based awards that were estimated using the Monte Carlo simulation model incorporated the closing share price of our Class A Common Stock on the date of grant (considered, for this purpose, to be October 1, 2014), as well as the following assumptions, which we consider to be Level 3 inputs under the fair value hierarchy:

Expected volatility of EZCORP, Inc. Class A Common Stock	49.7	%
Risk-free interest rate	1.9	%
Expected term in years	6
Cost of equity	11.5	%
Dividend yield	—

Summary of restricted stock award activity

The following is a summary of restricted stock award activity, excluding the 1,863,550 shares being accounted for as phantom stock as of September 30, 2015, for the fiscal year ended September 30, 2015:

	Shares		Weighted Average Grant Date Fair Value
Outstanding as of September 30, 2014	685,551		$	19.82
Granted	94,000		10.34
Released (a)	(132,412	)	14.03
Forfeited	(63,978	)	20.79
Outstanding as of September 30, 2015	583,161		$	18.94

(a) Approximately 22,009 shares were withheld to satisfy related federal income tax withholding.

	Fiscal Year Ended September 30,
	2015		2014		2013
	(in millions except per share amounts)
Weighted average grant-date fair value per share granted (a)	$	10.34	$	14.58	$	20.43
Total grant date fair value of shares vested	$	1.8	$	7.6	$	10.7

Summary of option activity

The following is a summary of option activity:

	Fiscal Year Ended September 30,
	2015		2014		2013
	(in millions except share amounts)
Shares issued due to stock option exercises	—		100		18,000
Proceeds due to stock option exercises	$	—	$	—	$	0.05
Tax benefit from stock option exercises	$	—	$	—	$	—
Intrinsic value of stock options exercised	$	—	$	—	$	0.28