Goodwill and Other Intangible Assets

12 Months Ended

Sep. 30, 2019

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,
	2019		2018
	(in thousands)
Pawn licenses	$	9,517	$	9,527
Trade names	19,938		20,776
	$	29,455	$	30,303

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, 2017	$	247,894	$	6,866		$	254,760
Acquisitions*	—		44,366			44,366
Effect of foreign currency translation changes	—		122			122
Balances as of September 30, 2018	$	247,894	$	51,354		$	299,248
Acquisitions*	3,858		(1,721		)	2,137
Effect of foreign currency translation changes	—		(858		)	(858		)
Balances as of September 30, 2019	$	251,752	$	48,775		$	300,527

* As discussed in Note 1 and Note 2, certain adjustments were made to pawn service charges receivable, deferred taxes and associated goodwill balances.

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

	September 30,
	2019							2018
	Carrying Amount		Accumulated Amortization			Net Book Value		Carrying Amount		Accumulated Amortization			Net Book Value
	(in thousands)
Non-compete agreements	$	3,563	$	(3,399	)	$	164	$	3,626	$	(3,314	)	$	312
Internally developed software	59,436		(24,280		)	35,156		40,223		(17,512		)	22,711
Other	5,598		(2,329		)	3,269		3,826		(2,229		)	1,597
	$	68,597	$	(30,008	)	$	38,589	$	47,675	$	(23,055	)	$	24,620

The amortization of most definite-lived intangible assets is recorded as amortization expense and included under “Depreciation and amortization” expense in our consolidated statements of operations. These amounts were $7.8 million, $5.8 million and $4.2 million for fiscal 2019, 2018 and 2017, respectively.

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

Fiscal Year Ended September 30,	Amortization expense
	(in thousands)
2020	$	8,406
2021	7,422
2022	6,563
2023	4,456
2024	2,583

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