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Quarterly Information (Unaudited)
 12 Months Ended
Sep. 30, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (Unaudited)
NOTE 17: QUARTERLY INFORMATION (UNAUDITED)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
 
 
 
 
 
 
 
 
(in thousands, except per share amounts)
Year Ended September 30, 2017
 
 
 
 
 
 
 
Total revenues
$
192,624

 
$
189,628

 
$
183,633

 
$
182,069

Net revenues
111,965

 
109,897

 
105,555

 
108,093

Income from continuing operations, net of tax
8,266

 
8,231

 
5,467

 
10,069

Income (loss) from discontinued operations, net of tax
(1,228
)
 
(375
)
 
(265
)
 
43

Net income
7,038

 
7,856

 
5,202

 
10,112

Net loss attributable to noncontrolling interest
(127
)
 
(167
)
 
(58
)
 
(1,298
)
Net income attributable to EZCORP, Inc.
$
7,165


$
8,023


$
5,260


$
11,410

 
 
 
 
 
 
 
 
Basic earnings per share attributable to EZCORP, Inc.:
 
 
 
 
 
 
 
Continuing operations
$
0.15

 
$
0.15

 
$
0.10

 
$
0.21

Discontinued operations
(0.02
)
 
(0.01
)
 
—

 
—

Basic earnings per share
$
0.13

 
$
0.14

 
$
0.10

 
$
0.21

 
 
 
 
 
 
 
 
Diluted earnings per share attributable to EZCORP, Inc.:
 
 
 
 
 
 
 
Continuing operations
$
0.15

 
$
0.15

 
$
0.10

 
$
0.21

Discontinued operations
(0.02
)
 
(0.01
)
 
—

 
—

Diluted earnings per share
$
0.13

 
$
0.14

 
$
0.10

 
$
0.21


 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
 
 
 
 
 
 
 
 
(in thousands, except per share amounts)
Year Ended September 30, 2016
 
 
 
 
 
 
 
Total revenues
$
187,557

 
$
188,213

 
$
170,150

 
$
184,585

Net revenues
112,610

 
108,365

 
100,394

 
106,861

(Loss) income from continuing operations, net of tax
3,419

 
2,307

 
2,778

 
(17,502
)
Income (loss) from discontinued operations, net of tax
(11,685
)
 
(78,250
)
 
(9,133
)
 
19,636

Net income (loss)
(8,266
)
 
(75,943
)
 
(6,355
)
 
2,134

Net loss attributable to noncontrolling interest
(792
)
 
(5,131
)
 
(666
)
 
(1,097
)
Net income (loss) attributable to EZCORP, Inc.
$
(7,474
)
 
$
(70,812
)
 
$
(5,689
)
 
$
3,231

 
 
 
 
 
 
 
 
Basic earnings (loss) per share attributable to EZCORP, Inc.:
 
 
 
 
 
 
 
Continuing operations
$
0.06

 
$
0.05

 
$
0.05

 
$
(0.31
)
Discontinued operations
(0.19
)
 
(1.34
)
 
(0.16
)
 
0.37

Basic earnings (loss) per share
$
(0.13
)

$
(1.29
)
 
$
(0.11
)

$
0.06

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share attributable to EZCORP, Inc.:
 
 
 
 
 
 
 
Continuing operations
$
0.06

 
$
0.05

 
$
0.05

 
$
(0.31
)
Discontinued operations
(0.19
)
 
(1.34
)
 
(0.16
)
 
0.37

Diluted earnings (loss) per share
$
(0.13
)

$
(1.29
)
 
$
(0.11
)
 
$
0.06


Financial information in the table above has been adjusted to reflect reclassification of all discontinued operations as discussed in Note 16.
Fiscal 2017 Quarterly Impacts
During the fourth quarter of fiscal 2017, we recorded a gain of $3.0 million included under “Interest income” in our consolidated statements of operations as a result of the amendment of notes receivable from Grupo Finmart, as further discussed in Note 5.
During the fourth quarter of fiscal 2017, we recorded an extinguishment loss of $5.3 million included under “Interest expense” in our consolidated statements of operations as a result of the repurchase and retirement of $35 million aggregate principal amount of 2019 Convertible Notes and the full retirement of our Term Loan Facility using proceeds from the issuance of our 2024 Convertible Senior Notes, as further discussed in Note 8.
Fiscal 2016 Quarterly Impacts
During the second quarter of fiscal 2016, we recorded an impairment in goodwill of $73.2 million pertaining to discontinued operations as further discussed in Note 7.
We recorded a gain of $34.2 million, before consideration of total associated transaction costs of approximately $9.8 million, with approximately $1.8 million of the total costs to be recorded in future periods due to ongoing employee service requirements, and a $2.1 million loss on assumption of existing Grupo Finmart debt, during the fourth quarter of fiscal 2016 on disposition of Grupo Finmart as further discussed in Note 16, included in discontinued operations.
During the fourth quarter of fiscal 2016, we recorded an impairment of our unconsolidated affiliate of $11.0 million ($7.2 million, net of taxes), as further discussed in Note 4. Further, our equity in net loss of unconsolidated affiliate during the fourth quarter of fiscal 2016 included pre-tax charges totaling $11.8 million including restructuring costs, compliance provision and other.