(Loss) Earnings per Share (Tables)

6 Months Ended

Mar. 31, 2023

Schedule of Net Components of Basic and Diluted (Loss) Earnings Per Share

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


	Three Months Ended March 31,				Six Months Ended March 31,
(in thousands, except per share amounts)	2023		2022		2023		2022

Basic (loss) earnings per common share:
Net (loss) income - basic	$	(6,790)	$	14,887	$	9,988	$	30,608
Weighted shares outstanding - basic	55,648		56,561		55,981		56,370
Basic (loss) earnings per common share	$	(0.12)	$	0.26	$	0.18	$	0.54

Diluted (loss) earnings per common share:
Net (loss) income - basic	$	(6,790)	$	14,887	$	9,988	$	30,608
Add: Convertible Notes interest expense, net of tax*	—		1,846		(2,733)		3,730



Net (loss) income - diluted	$	(6,790)	$	16,733	$	7,255	$	34,338
Weighted shares outstanding - basic	55,648		56,561		55,981		56,370
Equity-based compensation awards - effect of dilution**	—		622		1,067		676
Convertible Notes - effect of dilution	—		25,224		8,221		25,224



Weighted shares outstanding - diluted	55,648		82,407		65,269		82,270
Diluted (loss) earnings per common share	$	(0.12)	$	0.20	$	0.11	$	0.42

Potential common shares excluded from the calculation of diluted (loss) earnings per common share above:
Equity-based compensation awards**	1,014		—		—		—
Convertible Notes***	30,417		—		20,141		—



Restricted stock****	1,504		1,756		1,528		1,847
Total	32,935		1,756		21,669		1,847

* The six months ended March 31, 2023 includes $5.4 million gain on the partial extinguishment of debt, associated with the 2025 Convertible Notes, which was recorded to "Interest expense" in the Company's condensed consolidated statement of operations. See Note 7: Debt for additional information.

** Includes time-based share-based awards and performance based awards for which targets for fiscal year tranches have been achieved and vesting is subject only to achievement of service conditions.

*** See Note 7: Debt for conversion rate of the 2024 Convertible Notes, 2025 Convertible Notes, and 2029 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.