Income Taxes (Tables)

12 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Domestic and Foreign Income Components

The following table presents the components of our income before income taxes, including inter-segment amounts:

	Fiscal Year Ended September 30,
(in thousands)	2022		2021		2020
Domestic*	$	49,937	$	2,320	$	(31,989)
Foreign	17,776		13,742		(38,106)
	$	67,713	$	16,062	$	(70,095)

*    Includes the majority of our corporate administrative costs. See Note 14: Segment Information for information pertaining to segment contribution.

Schedule of Components of Income Tax Provision

The following table presents the significant components of the income tax provision:

	Fiscal Year Ended September 30,
(in thousands)	2022		2021		2020
Current:
Federal	$	9,465	$	(479)	$	(6,631)
State and foreign	3,143		4,646		10,544
	12,608		4,167		3,913
Deferred:
Federal	983		3,202		(1,561)
State and foreign	3,962		81		(3,984)
	4,945		3,283		(5,545)
Total income tax (benefit) expense	$	17,553	$	7,450	$	(1,632)

Schedule of Reconciliation of Income Taxes Calculated at the Statutory Rate and the Provision for Income Taxes

The following table presents a reconciliation of income taxes calculated at the statutory rate and the provision for income taxes:

	Fiscal Year Ended September 30,
(in thousands)	2022			2021			2020
Income tax expense (benefit) at the federal statutory rate	$	14,223		$	3,374		$	(14,720)
State taxes, net of federal benefit	1,728			931			951
Mexico inflation adjustment	(2,089)			(1,217)			(1,120)
Non-deductible items	1,705			2,087			772
Foreign rate differential	1,306			1,111			(1,671)
Change in valuation allowance	660			(137)			962
Stock compensation	(161)			293			598
Uncertain tax positions	(2,025)			208			2,849
Non-deductible impairment	—			—			9,093
Deferred tax true-up	3,811			896			—
Other	(1,605)			(96)			654
Total income tax expense (benefit)	$	17,553		$	7,450		$	(1,632)
Effective tax rate	26		%	46		%	2		%

Schedule of Significant Components of Deferred Tax Assets and Liabilities

The following table shows significant components of our deferred tax assets and liabilities:

	September 30,
(in thousands)	2022		2021
Deferred tax assets:
Cash Converters	$	14,299	$	13,848
Tax over book inventory	7,942		7,595
Accrued liabilities	8,384		7,731
Pawn service charges receivable	2,507		1,195
Stock compensation	887		643
Foreign tax credit	1,696		2,484
State and foreign net operating loss carryforwards	16,220		19,414
Book over tax depreciation	5,574		7,250
Other	3,943		3,562
Total deferred tax assets before valuation allowance	61,452		63,722
Valuation allowance	(17,966)		(19,135)
Total deferred tax assets, net	43,486		44,587
Deferred tax liabilities:
Tax over book amortization	29,663		23,674
Note receivable discount	—		13,483
Prepaid expenses	2,051		1,368
Total deferred tax liabilities	31,714		38,525
Net deferred tax asset	$	11,772	$	6,062

Schedule of Unrecognized Tax Benefits

The following table presents a roll-forward of unrecognized tax benefits:

	Fiscal Year Ended September 30,
(in thousands)	2022		2021		2020
Beginning balance	$	4,763	$	3,085	$	1,435
Increase for tax positions taken during a prior period	547		2,135		1,401
Increase for tax positions taken during the current period	—		—		249
Decrease for tax positions as a result of the lapse of the statute of limitations	(1,742)		(457)		—
Ending balance	$	3,568	$	4,763	$	3,085