Goodwill and Other Intangible Assets

12 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

NOTE 7: GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and Intangible Asset Balances

The following table presents the balance of each major class of indefinite-lived intangible asset:

	September 30,
	2018		2017
	(in thousands)
Pawn licenses	$	9,527	$	9,535
Trade names	20,776		4,000
	$	30,303	$	13,535

The following table presents the changes in the carrying value of goodwill by segment:

	U.S. Pawn		Latin America Pawn		Consolidated
	(in thousands)
Balances as of September 30, 2016	$	247,538	$	6,438	$	253,976
Acquisitions	356		—		356
Effect of foreign currency translation changes	—		428		428
Balances as of September 30, 2017	$	247,894	$	6,866	$	254,760
Acquisitions	—		42,526		42,526
Effect of foreign currency translation changes	—		162		162
Balances as of September 30, 2018	$	247,894	$	49,554	$	297,448

The following table presents the gross carrying amount and accumulated amortization for each major class of definite-lived intangible asset:

	September 30,
	2018							2017
	Carrying Amount		Accumulated Amortization			Net Book Value		Carrying Amount		Accumulated Amortization			Net Book Value
	(in thousands)
Non-compete agreements	$	3,626	$	(3,314	)	$	312	$	3,659	$	(3,102	)	$	557
Internally developed software	40,223		(17,512		)	22,711		29,741		(12,597		)	17,144
Other	3,826		(2,229		)	1,597		3,148		(1,964		)	1,184
	$	47,675	$	(23,055	)	$	24,620	$	36,548	$	(17,663	)	$	18,885

Amortization of Definite-Lived Intangibles

The amortization of most definite-lived intangible assets is recorded as amortization expense. The favorable lease asset and other intangibles are amortized to operations expense over the related lease terms. The following table presents the amount and classification of amortization recognized as expense:

	Fiscal Year Ended September 30,
	2018		2017		2016
	(in thousands)
Amortization expense in continuing operations	$	5,780	$	4,184	$	4,742
Amortization expense in discontinued operations	—		—		2,055
Operations expense	199		90		87
	$	5,979	$	4,274	$	6,884

The following table presents our estimate of future amortization expense for definite-lived intangible assets:

Fiscal Year Ended September 30,	Amortization expense		Operations expense
	(in thousands)
2019	$	6,372	$	23
2020	5,803		23
2021	4,746		23
2022	3,858		2
2023	1,696		—

As acquisitions and dispositions occur in the future, amortization expense may vary from these estimates.