Other Charges

9 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

NOTE 5: 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 us 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 recorded $0.5 million of charges for the three months ended June 30, 2021 related to the closure of store operations in Peru.


(in thousands)		Accrued Charges at September 30, 2020		Charges		Payments and Adjustments		Accrued Charges at March 31, 2021		Charges		Payments and Adjustments		Accrued Charges at June 30, 2021
Cash charges:
	Labor reduction costs	$	5,946	$	—	$	(3,418)	$	2,528	$	—	$	(1,454)	$	1,074
	CASHMAX shutdown costs	800		—		(800)		—		—		—		—
	Store closure costs	1,806		—		(1,806)		—		497		—		497
	Other	2,166		—		(166)		2,000		—		—		2,000
		$	10,718	$	—	$	(6,190)	$	4,528	$	497	$	(1,454)	$	3,571