Discontinued Operations and Restructuring (Tables)

9 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Assets and liabilities of Groupo Finmart

The following table presents the reconciliation of the major line items constituting "Loss from discontinued operations, net of tax" of Grupo Finmart that are presented in the condensed consolidated statements of operations:

	Three Months Ended June 30,						Nine Months Ended June 30,
	2016			2015			2016			2015
	(in thousands)
Revenues	$	11,762		$	17,015		$	36,345		$	49,826
Consumer loan bad debt	(6,200		)	(2,835		)	(26,444		)	(14,685		)
Operations expense	(9,506		)	(8,205		)	(27,120		)	(23,602		)
Impairment of goodwill	—			—			(73,921		)	—
Interest expense, net	(3,944		)	(5,617		)	(13,255		)	(19,370		)
Depreciation, amortization and other expenses	(4,580		)	(1,488		)	(6,216		)	(4,126		)
Loss from discontinued operations before income taxes of Grupo Finmart	$	(12,468	)	$	(1,130	)	$	(110,611	)	$	(11,957	)
Income tax benefit	2,746			512			10,439			4,138
Income (loss) from discontinued operations, net of tax of operations discontinued prior to the adoption of ASU 2014-08	589			(8,836		)	(744		)	2,772
Loss from discontinued operations, net of tax	$	(9,133	)	$	(9,454	)	$	(100,916	)	$	(5,047	)
Loss from discontinued operations, net of tax of Grupo Finmart	$	(9,722	)	$	(618	)	$	(100,172	)	$	(7,819	)
Loss from discontinued operations, net of tax of Grupo Finmart attributable to noncontrolling interest	540			290			4,674			2,348
Loss from discontinued operations, net of tax of Grupo Finmart attributable to EZCORP, Inc.	$	(9,182	)	$	(328	)	$	(95,498	)	$	(5,471	)

The following table presents the reconciliation of the carrying amounts of major classes of assets and liabilities of Grupo Finmart that are classified as held for sale presented in the condensed consolidated balance sheets:

	June 30, 2016		June 30, 2015		September 30, 2015
	(in thousands)
Cash and cash equivalents	$	1,728	$	982	$	2,880
Restricted cash (1)	11,654		27,797		14,993
Consumer loans, net (1)	19,905		36,719		31,824
Consumer loan fees and interest receivable, net (1)	11,390		13,595		19,105
Prepaid expenses, income taxes and other current assets	5,004		3,752		4,056
Restricted cash, non-current (1)	2,226		2,978		2,883
Goodwill, intangible assets, and property and equipment, net	10,304		101,083		92,391
Non-current consumer loans, net (1)	51,504		82,739		75,824
Deferred tax and other assets, net	42,872		45,177		55,525
Total assets classified as held for sale	$	156,587	$	314,822	$	299,481
Current maturities of long-term debt	$	80,248	$	69,054	$	74,345
Accounts payable, accrued expenses and other current liabilities	14,098		12,194		13,380
Long-term debt, less current maturities, net and other long-term liabilities (2)	36,281		125,378		101,644
Total liabilities classified as held for sale	$	130,627	$	206,626	$	189,369

(1)    These amounts include the following assets of Grupo Finmart's securitization trust that can only be used to settle its liabilities (see Note 16):

	June 30, 2016		June 30, 2015		September 30, 2015
	(in thousands)
Restricted cash	$	5,505	$	17,398	$	12,033
Consumer loans*	32,472		37,288		36,845
Consumer loan fees and interest receivable, net	6,974		5,614		6,067
Restricted cash, non-current	182		117		197
Total assets of Grupo Finmart's securitization trust	$	45,133	$	60,417	$	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)    This amount includes the following liabilities for which the creditors of Grupo Finmart's securitization trust do not have recourse to the general credit of EZCORP, Inc. (see Note 16):

	June 30, 2016		June 30, 2015		September 30, 2015
	(in thousands)
Long-term debt, less current maturities	$	25,669	$	43,900	$	40,493

Restructuring and related costs

The following table summarizes the pre-tax restructuring charges of the fiscal 2015 restructuring action, inclusive of the charges presented in the changes in the balance of restructuring costs rollforward below:

	Three Months Ended June 30, 2016		Nine Months Ended June 30, 2016
	(in thousands)
Other (a)	$	—	$	768
Asset disposals	—		323
Lease termination costs	—		819
	$	—	$	1,910

(a) Includes costs related to employee severance and other.

Changes in these amounts attributable to the fiscal 2015 restructuring action during the three and nine-months ended June 30, 2016 are summarized as follows:

	Three Months Ended June 30, 2016			Nine Months Ended June 30, 2016
	(in thousands)
Beginning balance	$	5,178		$	8,076
Charged to expense	—			1,594
Cash payments	(1,666		)	(5,466		)
Other (a)	1,716			1,024
Ending balance	$	5,228		$	5,228

(a) Includes other individually immaterial adjustments as well as adjustments to our estimate of lease termination costs.

Changes in these amounts during the three and nine-months ended June 30, 2016 and 2015 are summarized as follows:

	Three Months Ended June 30,					Nine Months Ended June 30,
	2016		2015			2016			2015
	(in thousands)
Beginning balance	$	—	$	3,885		$	2,901		$	6,121
Charged to expense	—		37			—			763
Cash payments	—		(706		)	(2,901		)	(3,668		)
Ending Balance	$	—	$	3,216		$	—		$	3,216