Other Charges

3 Months Ended

Dec. 31, 2020

Restructuring and Related Activities [Abstract]

NOTE 3: OTHER CHARGES

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, write-offs and other miscellaneous charges. We recorded $20.4 million of such charges for the quarter ended September 30, 2020, and had accrued charges of $10.7 million remaining at September 30, 2020. We had no similar charges for the quarter ended December 31, 2020.


(in millions)		Accrued Charges at September 30, 2020		Charges		Payments and Adjustments		Accrued Charges at December 31, 2020
Cash charges:
	Labor reduction costs	$	5.9	$	—	$	(2.3)	$	3.6
	CASHMAX shutdown costs	0.8		—		(0.4)		0.4
	Store closure costs	1.8		—		(1.8)		—
	Other	2.2		—		(0.1)		2.1
		$	10.7	$	—	$	(4.6)	$	6.1