Segment Information

12 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment Information

NOTE 15: SEGMENT INFORMATION

Segment information is prepared on the same basis that our chief operating decision maker reviews financial information for operational decision-making purposes. We currently report our segments as follows: U.S. Pawn — all pawn activities in the United States; Mexico Pawn — all pawn activities in Mexico and other parts of Latin America; and Other International — primarily our equity interest in the net income (loss) of Cash Converters International and consumer finance activities in Canada. There are no inter-segment revenues, and the amounts below were determined in accordance with the same accounting principles used in our consolidated financial statements.

	Fiscal Year Ended September 30, 2017
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated
	(in thousands)
Revenues:
Merchandise sales	$	351,878		$	62,957		$	3		$	414,838		$	—		$	414,838
Jewelry scrapping sales	48,203			2,986			—			51,189			—			51,189
Pawn service charges	238,437			34,643			—			273,080			—			273,080
Other revenues	219			645			7,983			8,847			—			8,847
Total revenues	638,737			101,231			7,986			747,954			—			747,954
Merchandise cost of goods sold	223,475			43,050			—			266,525			—			266,525
Jewelry scrapping cost of goods sold	41,434			2,497			—			43,931			—			43,931
Other cost of revenues	—			—			1,988			1,988			—			1,988
Net revenues	373,828			55,684			5,998			435,510			—			435,510
Operating expenses (income):
Operations	259,977			36,211			8,448			304,636			—			304,636
Administrative	—			—			—			—			53,254			53,254
Depreciation and amortization	10,171			2,675			191			13,037			10,624			23,661
Loss on sale or disposal of assets	198			134			—			332			27			359
Interest expense	—			9			—			9			27,794			27,803
Interest income	—			(1,930		)	—			(1,930		)	(10,173		)	(12,103		)
Equity in net income of unconsolidated affiliate	—			—			(4,916		)	(4,916		)	—			(4,916		)
Other income	(19		)	(69		)	(96		)	(184		)	(239		)	(423		)
Segment contribution	$	103,501		$	18,654		$	2,371		$	124,526
Income from continuing operations before income taxes										$	124,526		$	(81,287	)	$	43,239

	Fiscal Year Ended September 30, 2016
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated
	(in thousands)
Revenues:
Merchandise sales	$	348,771		$	60,331		$	5		$	409,107		$	—		$	409,107
Jewelry scrapping sales	47,810			2,282			21			50,113			—			50,113
Pawn service charges	229,893			31,907			—			261,800			—			261,800
Other revenues	331			385			8,769			9,485			—			9,485
Total revenues	626,805			94,905			8,795			730,505			—			730,505
Merchandise cost of goods sold	217,268			41,002			1			258,271			—			258,271
Jewelry scrapping cost of goods sold	40,138			1,885			16			42,039			—			42,039
Other cost of revenues	—			—			1,965			1,965			—			1,965
Net revenues	369,399			52,018			6,813			428,230			—			428,230
Operating expenses (income):
Operations	255,321			38,481			7,585			301,387			—			301,387
Administrative	—			—			—			—			68,101			68,101
Depreciation and amortization	12,242			2,965			218			15,425			11,117			26,542
Loss on sale or disposal of assets	664			169			4			837			269			1,106
Restructuring	993			543			202			1,738			183			1,921
Interest expense	125			109			—			234			16,243			16,477
Interest income	(2		)	(30		)	—			(32		)	(49		)	(81		)
Equity in net loss of unconsolidated affiliate	—			—			255			255			—			255
Impairment of investment	—			—			10,957			10,957			—			10,957
Other expense (income)	—			1,273			2			1,275			(73		)	1,202
Segment contribution (loss)	$	100,056		$	8,508		$	(12,410	)	$	96,154
Income from continuing operations before income taxes										$	96,154		$	(95,791	)	$	363

	Fiscal Year Ended September 30, 2015
	U.S. Pawn			Mexico Pawn			Other International			Total Segments			Corporate Items			Consolidated
	(in thousands)
Revenues:
Merchandise sales	$	334,635		$	65,408		$	2,075		$	402,118		$	—		$	402,118
Jewelry scrapping sales	54,343			3,267			363			57,973			—			57,973
Pawn service charges	216,211			30,993			—			247,204			—			247,204
Other revenues	945			1,021			10,739			12,705			—			12,705
Total revenues	606,134			100,689			13,177			720,000			—			720,000
Merchandise cost of goods sold	218,953			47,371			1,465			267,789			—			267,789
Jewelry scrapping cost of goods sold	42,845			2,954			267			46,066			—			46,066
Other cost of revenues				—			3,125			3,125			—			3,125
Net revenues	344,336			50,364			8,320			403,020			—			403,020
Operating expenses (income):
Operations	244,232			43,927			6,780			294,939			—			294,939
Administrative	—			—			—			—			72,986			72,986
Depreciation and amortization	15,227			4,440			616			20,283			10,676			30,959
Loss (gain) on sale or disposal of assets	995			258			(1		)	1,252			1,407			2,659
Restructuring	4,016			799			2,563			7,378			9,702			17,080
Interest expense	60			15			—			75			16,310			16,385
Interest income	(42		)	(78		)	—			(120		)	(158		)	(278		)
Equity in net loss of unconsolidated affiliate	—			—			5,473			5,473			—			5,473
Impairment of investment	—			—			26,837			26,837			—			26,837
Other expense				1,988			7			1,995			192			2,187
Segment contribution (loss)	$	79,848		$	(985	)	$	(33,955	)	$	44,908
Loss from continuing operations before income taxes										$	44,908		$	(111,115	)	$	(66,207	)

The following table presents separately identified segment assets:

	U.S. Pawn		Mexico Pawn		Other International		Corporate		Total
	(in thousands)
Assets as of September 30, 2017
Pawn loans	$	148,124	$	21,118	$	—	$	—	$	169,242
Pawn service charges receivable, net	28,258		3,290		—		—		31,548
Inventory, net	132,549		21,859		3		—		154,411
Total assets	611,489		82,813		50,462		279,599		1,024,363
Assets as of September 30, 2016
Pawn loans	$	149,791	$	17,538	$	—	$	—	$	167,329
Pawn service charges receivable, net	28,368		2,694		—		—		31,062
Inventory, net	121,183		19,038		3		—		140,224
Total assets	596,842		66,082		41,775		278,545		983,244

The net assets of our Mexico Pawn segment, exclusive of intercompany amounts and inclusive of certain other assets not separately identified above, were $84.5 million as of September 30, 2017.

The following tables provide geographic information required by ASC 280-10-50-41:

	Fiscal Year Ended September 30,
	2017		2016		2015
	(in thousands)
Revenues:
United States	$	638,737	$	626,805	$	606,134
Mexico	101,231		94,905		100,689
Canada	7,986		8,795		13,177
Total revenues	$	747,954	$	730,505	$	720,000

	September 30,
	2017		2016
	(in thousands)
Long-lived assets:
United States	$	326,736	$	326,347
Mexico	17,033		15,893
Canada and Other	1,370		872
Total long-lived assets	$	345,139	$	343,112