Segment Information

3 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 12: SEGMENT INFORMATION

Our operations are primarily managed on a geographical basis and are comprised of three reportable segments. The factors for determining our reportable segments include the manner in which our chief operating decision maker (CODM) evaluates performance for purposes of allocating resources and assessing performance. During the first quarter of fiscal 2021, the financial information of our Lana business activities were no longer reviewed by the CODM for evaluating performance since Lana no longer has business activities. Rather, Lana offers support activities to U.S. Pawn. As a result, Lana is no longer an operating or reportable segment. Our historical segment results have been recast to conform to current presentation.

We currently report our segments as follows:

•U.S. Pawn — all pawn activities in the United States;

•Latin America Pawn — all pawn activities in Mexico and other parts of Latin America; and

•Other International — primarily our equity interest in the net income of Cash Converters International and Rich Data Corporation.

There are no inter-segment revenues presented below, and the amounts below were determined in accordance with the same accounting principles used in our condensed consolidated financial statements.

The following tables present revenue for each reportable segment, disaggregated revenue within our three reportable segments and Corporate, segment profits and segment contribution.

	Three Months Ended December 31, 2020
(in thousands)	U.S. Pawn		Latin America Pawn		Other International		Total Segments		Corporate Items		Consolidated
Revenues:
Merchandise sales	$	82,253	$	25,530	$	—	$	107,783	$	—	$	107,783
Jewelry scrapping sales	4,004		2,755		—		6,759		—		6,759
Pawn service charges	50,220		13,269		—		63,489		—		63,489
Other revenues	22		7		75		104		—		104
Total revenues	136,499		41,561		75		178,135		—		178,135
Merchandise cost of goods sold	48,059		16,484		—		64,543		—		64,543
Jewelry scrapping cost of goods sold	2,844		2,358		—		5,202		—		5,202
Net revenues	85,596		22,719		75		108,390		—		108,390
Segment and corporate expenses (income):
Store expenses	62,092		17,217		—		79,309		—		79,309
General and administrative	—		—		—		—		12,510		12,510
Depreciation and amortization	2,736		1,860		—		4,596		2,976		7,572
Loss (gain) on sale or disposal of assets and other	27		(101)		—		(74)		52		(22)
Interest expense	—		—		—		—		5,455		5,455
Interest income	—		(764)		—		(764)		(57)		(821)
Equity in net income of unconsolidated affiliates	—		—		(516)		(516)		—		(516)
Other (income) expense	—		(455)		(210)		(665)		66		(599)
Segment contribution	$	20,741	$	4,962	$	801	$	26,504
Income (loss) before income taxes							$	26,504	$	(21,002)	$	5,502

	Three Months Ended December 31, 2019
(in thousands)	U.S. Pawn		Latin America Pawn		Other International		Total Segments		Corporate Items		Consolidated
Revenues:
Merchandise sales	$	95,354	$	31,374	$	—	$	126,728	$	—	$	126,728
Jewelry scrapping sales	6,117		3,411		—		9,528		—		9,528
Pawn service charges	64,090		20,635		—		84,725		—		84,725
Other revenues	36		25		1,393		1,454		—		1,454
Total revenues	165,597		55,445		1,393		222,435		—		222,435
Merchandise cost of goods sold	61,364		22,712		—		84,076		—		84,076
Jewelry scrapping cost of goods sold	4,755		2,999		—		7,754		—		7,754
Other cost of revenues	—		—		536		536		—		536
Net revenues	99,478		29,734		857		130,069		—		130,069
Segment and corporate expenses (income):
Store expenses	68,059		19,983		1,233		89,275		—		89,275
General and administrative	—		—		—		—		18,839		18,839
Depreciation and amortization	2,865		1,889		34		4,788		2,945		7,733
Loss on sale or disposal of assets and other	—		28		—		28		716		744
Interest expense	—		28		170		198		5,131		5,329
Interest income	—		(388)		—		(388)		(455)		(843)
Equity in net loss of unconsolidated affiliates	—		—		5,897		5,897		—		5,897
Other expense (income)	—		67		(1)		66		32		98
Segment contribution (loss)	$	28,554	$	8,127	$	(6,476)	$	30,205
Income (loss) before income taxes							$	30,205	$	(27,208)	$	2,997