Other Charges

12 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

Other Charges

NOTE 2: OTHER CHARGES

Strategic Initiatives. During the fourth quarter of fiscal 2020, we began to implement strategic initiatives to refocus on our core pawn business and optimize our cost structure in order to improve our bottom line performance and position the Company for sustainable growth. The initiatives focused on workforce reductions, closure of our CASHMAX operations, store closures and write-offs of other miscellaneous charges.

Charges and adjustments related to our initiatives are summarized below:

•$6.4 million in severance and other payroll-related costs related to a headcount reduction in the corporate office;

•$4.9 million in costs related to the closure of the CASHMAX business and related operations, primarily consisting of severance and other payroll-related costs, net asset write-offs, impairment of internally developed software and contract termination costs;

•$4.1 million in costs primarily related to the closure of four stores in U.S. Pawn and three stores in Latin America Pawn, consisting primarily of severance and other payroll-related costs and reserves on net assets; and

• $5.0 million in other miscellaneous charges, primarily consisting of impairment of internally developed software and contract termination costs.

(in millions)		Accrued Charges at September 30, 2019		Charges and Adjustments		Payments and Adjustments		Accrued Charges at September 30, 2020
Cash charges:
	Labor reduction costs	$	—	$	6.4	$	0.5	$	5.9
	CASHMAX shutdown costs	—		1.8		1.0		0.8
	Store closure costs	—		1.8		—		1.8
	Other	—		2.5		0.3		2.2
		$	—	$	12.5	$	1.8	$	10.7
Non-cash charges:
	Labor reduction costs			$	—
	CASHMAX shutdown costs			3.1
	Store closure costs			2.3
	Other			2.5
				$	20.4