Other Charges

12 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Other Charges

NOTE 2: 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.

There were no additional charges recorded for fiscal year ended September 30, 2022. Accrued charges at September 30, 2022 were $0.2 million and $2.0 million related to store closure costs and other costs, respectively.

We recorded $0.2 million of charges for the fiscal year ended September 30, 2021 related to the closure of store operations in Peru. Accrued charges at September 30, 2021 were $0.3 million, $0.2 million and $2.0 million related to labor reduction cost, store closure costs and other costs, respectively.

We recorded $20.4 million of aggregate charges for the fiscal year ended September 30, 2020 related to $6.4 million in labor reduction costs, $4.9 million in CASHMAX shutdown costs, $4.1 million in store closure costs and $5.0 million of other costs. Accrued charges at September 30, 2020 were $5.9 million, $0.8 million, $1.8 million and $2.2 million related to labor reduction costs, CASHMAX shutdown costs, store closure costs and other costs respectively.