Income Taxes (Tables)

12 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

Schedule of income domestic and foreign

The following table presents the components of our income (loss) from continuing operations before income taxes, including inter-segment amounts:

	Fiscal Year Ended September 30,
	2017		2016			2015
	(in thousands)
Domestic	$	29,740	$	(17	)	$	(71,426	)
Foreign	13,499		380			5,219
	$	43,239	$	363		$	(66,207	)

Components of income tax provision

The following table presents the significant components of the income tax provision from continuing operations:

	Fiscal Year Ended September 30,
	2017			2016			2015
	(in thousands)
Current:
Federal	$	1,092		$	11,120		$	(42,001	)
State and foreign	6,359			3,193			2,000
	7,451			14,313			(40,001		)
Deferred:
Federal	5,190			(3,766		)	16,580
State and foreign	(1,435		)	(1,186		)	9,396
	3,755			(4,952		)	25,976
Total income tax expense (benefit)	$	11,206		$	9,361		$	(14,025	)

Reconciliation of income taxes calculated at the statutory rate and the provision for income taxes

The following table presents a reconciliation of income taxes calculated at the statutory rate and the provision for income taxes attributable to continuing operations:

	Fiscal Year Ended September 30,
	2017			2016			2015
	(in thousands)
Income tax expense (benefit) at the federal statutory rate	$	15,134		$	128		$	(23,172	)
State taxes, net of federal benefit	(714		)	2,476			(701		)
Mexico inflation adjustment	(1,286		)	(142		)	(302		)
Captive insurance company	—			—			(393		)
Non-deductible items	1,114			1,860			449
Foreign tax credit	(321		)	2,788			(2,413		)
Foreign rate differential	(172		)	277			880
Change in net operating loss carryforward	1,180			—			—
Change in valuation allowance	(3,211		)	1,511			4,846
Stock compensation	(386		)	—			—
Uncertain tax positions	472			—			1,781
Tax basis balance sheet adjustment	—			—			2,516
Other	(604		)	463			2,484
Total income tax expense (benefit)	$	11,206		$	9,361		$	(14,025	)
Effective tax rate	26		%	2,579		%	21		%

Significant components of deferred tax assets and liabilities

The following table shows significant components of our deferred tax assets and liabilities:

	September 30,
	2017			2016
	(in thousands)
Deferred tax assets:
Cash Converters International	$	13,550		$	15,314
Tax over book inventory	10,094			8,763
Accrued liabilities	6,957			11,276
Pawn service charges receivable	8,687			7,871
Note receivable discount	—			2,427
Stock compensation	3,356			2,065
Foreign tax credit	3,132			2,706
Capital loss carryforward	5,010			8,017
State and foreign net operating loss carryforwards	13,671			12,891
Book over tax depreciation	2,678			—
Other	162			694
Total deferred tax assets before valuation allowance	67,297			72,024
Valuation allowance	(17,860		)	(21,078		)
Net deferred tax assets	49,437			50,946
Deferred tax liabilities:
Tax over book amortization	20,629			14,060
Tax over book depreciation	—			445
Note receivable discount	10,569			—
Prepaid expenses	1,383			1,138
Total deferred tax liabilities	32,581			15,643
Net deferred tax asset	$	16,856		$	35,303

Schedule of unrecognized tax benefits

The following table presents a rollforward of unrecognized tax benefits:

	Fiscal Year Ended September 30,
	2017		2016		2015
	(in thousands)
Beginning balance	$	6,058	$	6,058	$	4,402
Tax positions taken during the current period	472		—		1,656
Ending balance	$	6,530	$	6,058	$	6,058