Earnings per Share

6 Months Ended

Mar. 31, 2021

NOTE 4: EARNINGS PER SHARE

The following table reconciles the number of common shares used to compute basic and diluted earnings per share attributable to EZCORP Inc., shareholders:


	Three Months Ended March 31,				Six Months Ended March 31,
(in thousands, except per share amounts)	2021		2020		2021		2020



Net income (loss)	$	5,330	$	(40,874)	$	9,629	$	(39,636)

Earnings per common share
Average common share outstanding (denominator)	55,661		55,448		55,509		55,557


Earnings per common share	$	0.10	$	(0.74)	$	0.17	$	(0.71)

Diluted earnings per common share
Average common share outstanding	55,661		55,448		55,509		55,557
Dilutive effect of restricted stock and convertible notes*	4		74		2		51
Diluted average common shares outstanding (denominator)	55,665		55,522		55,511		55,608




Diluted earnings per common share	$	0.10	$	(0.74)	$	0.17	$	(0.71)

Potential common shares excluded from the calculation of diluted earnings per share above*:
Restricted stock**	964		2,777		$	831	$	2,495

* Includes time-based share-based awards and Convertible Notes. See Note 8 for discussion of the terms and conditions of the potential impact of the 2024 Convertible Notes and 2025 Convertible Notes.

** Includes antidilutive share-based awards as well as performance-based share-based awards that are contingently issuable, but for which the condition for issuance has not been met as of the end of the reporting period.