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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Sep. 30, 2015
Mar. 31, 2015
Current assets:      
Cash and cash equivalents $ 75,336 $ 59,124 $ 138,173
Restricted cash 13,817 15,137 47,909
Pawn loans 140,195 159,964 127,929
Consumer loans, net 26,362 36,533 55,529
Pawn service charges receivable, net 27,626 30,852 24,909
Consumer loan fees and interest receivable, net 13,226 19,802 13,063
Inventory, net 126,446 124,084 116,144
Income taxes receivable 557 45,175 52,234
Prepaid expenses and other current assets 32,505 21,076 32,383
Total current assets 456,070 511,747 608,273
Investment in unconsolidated affiliate 56,677 56,182 94,510
Property and equipment, net 64,962 75,594 102,252
Restricted cash, non-current 2,308 2,883 2,880
Goodwill 254,782 327,460 344,931
Intangible assets, net 40,197 41,263 49,674
Non-current consumer loans, net 62,673 75,824 79,860
Deferred tax asset, net 77,125 69,121 35,213
Other assets, net 19,655 42,985 60,041
Total assets [1],[2] 1,034,449 1,203,059 1,377,634
Current liabilities:      
Current maturities of long-term debt 82,174 74,345 71,471
Current capital lease obligations 0 0 93
Accounts payable and other accrued expenses 85,836 107,871 89,711
Other current liabilities 2,595 15,384 6,230
Customer layaway deposits 11,370 10,470 10,484
Income taxes payable 6,632 0 0
Total current liabilities 188,607 208,070 177,989
Long-term debt, less current maturities, net 252,808 297,166 344,960
Deferred gains and other long-term liabilities 2,751 6,157 7,673
Total liabilities [3],[4] $ 444,166 $ 511,393 $ 530,622
Commitments and contingencies (Note 11)
Temporary equity:      
Redeemable noncontrolling interest $ (1,229) $ 3,235 $ 16,827
Total temporary equity (1,229) 14,931 28,523
Stockholders’ equity:      
Additional paid-in capital 312,569 307,080 329,973
Retained earnings 341,538 423,137 522,541
Accumulated other comprehensive loss (62,805) (54,019) (34,561)
EZCORP, Inc. stockholders’ equity 591,842 676,735 818,489
Noncontrolling interest (330) 0 0
Total equity 591,512 676,735 818,489
Total liabilities, temporary equity and equity 1,034,449 1,203,059 1,377,634
Common Stock Class A Non-voting, Subject to Possible Redemption      
Temporary equity:      
Class A Non-voting Common Stock, subject to possible redemption at $10.06 per share; none as of March 31, 2016 and 1,168,456 shares issued and outstanding at redemption value as of March 31, 2015 and September 30, 2015 0 11,696 11,696
Common Stock Class A Non-voting      
Stockholders’ equity:      
Common stock 510 507 506
Common Stock Class B Voting      
Stockholders’ equity:      
Common stock $ 30 $ 30 $ 30
[1] Our consolidated assets as of March 31, 2016 and 2015 and September 30, 2015 include the following assets of Grupo Finmart's securitization trust that can only be used to settle its liabilities: March 31, 2016 March 31, 2015 September 30, 2015 (Unaudited) (in thousands)Restricted cash$4,869 $21,835 $12,033Consumer loans*39,453 34,803 36,845Consumer loan fees and interest receivable, net7,424 5,182 6,067Restricted cash, non-current196 119 197Total assets$51,942$61,939 $55,142*These amounts include the current and non-current portions of active consumer loans considered to be performing under the terms of the Grupo Finmart securitization trust. These balances, which represent the total collateral that can be used to settle the liabilities of the securitization trust, exclude loan loss allowances as described in Note 13, and are presented on a net basis in the condensed consolidated balance sheets including allowances.
[2] Our consolidated assets as of March 31, 2016 and 2015 and September 30, 2015 include the following assets of our consolidated variable interest entities:March 31, 2016 March 31, 2015 September 30, 2015 (Unaudited) (in thousands)Restricted cash$397 $2,084 $1,361Consumer loans, net6,607 14,826 5,846Consumer loan fees and interest receivable, net3,559 3,577 6,399Non-current consumer loans, net17,245 32,511 27,162Total assets$27,808 $52,998 $40,768
[3] Our consolidated liabilities as of March 31, 2016 and 2015 and September 30, 2015 include the following liabilities for which the creditors of Grupo Finmart's securitization trust do not have recourse to the general credit of EZCORP, Inc.: March 31, 2016 March 31, 2015 September 30, 2015 (Unaudited) (in thousands)Long-term debt, less current maturities$33,613 $44,837 $40,493
[4] Our consolidated liabilities as of March 31, 2016 and 2015 and September 30, 2015 include the following liabilities of our consolidated variable interest entities: March 31, 2016 March 31, 2015 September 30, 2015 (Unaudited) (in thousands) Accounts payable and other accrued expenses$6,065 $3,153 $4,313 Current maturities of long-term debt37,177 48,246 42,017*Long-term debt, less current maturities13,704 51,888 31,247*Total liabilities$56,946 $103,287 $77,577 *This amount has been revised from the originally filed amount due to an immaterial reclassification error between current and non-current amounts as of September 30, 2015. The consolidated amounts previously reported in the balance sheet were correct.