Segment Information (Tables)

9 Months Ended

Jun. 30, 2023

Schedule of Operating Segment Information

The following tables present revenue for each reportable segment, disaggregated revenue within our three reportable segments and Corporate, segment profits and segment contribution.


	Three Months Ended June 30, 2023
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	102,177	$	45,803	$	—	$	147,980	$	—	$	147,980
Jewelry scrapping sales	13,098		833		—		13,931		—		13,931
Pawn service charges	68,790		25,029		—		93,819		—		93,819
Other revenues	27		40		15		82		—		82
Total revenues	184,092		71,705		15		255,812		—		255,812
Merchandise cost of goods sold	62,799		32,270		—		95,069		—		95,069
Jewelry scrapping cost of goods sold	11,101		857		—		11,958		—		11,958

Gross profit	110,192		38,578		15		148,785		—		148,785
Segment and corporate expenses (income):
Store expenses	75,389		29,543		—		104,932		—		104,932
General and administrative	—		—		—		—		17,876		17,876

Depreciation and amortization	2,505		2,303		—		4,808		3,218		8,026
Gain on sale or disposal of assets	—		(29)		—		(29)		—		(29)
Other	—		(2,632)		—		(2,632)		—		(2,632)
Interest expense	—		—		—		—		3,414		3,414
Interest income	(1)		(256)		—		(257)		(2,327)		(2,584)
Equity in net income of unconsolidated affiliates	—		—		(1,523)		(1,523)		—		(1,523)

Other (income) expense	—		(65)		10		(55)		50		(5)

Segment contribution	$	32,299	$	9,714	$	1,528	$	43,541
Income (loss) before income taxes							$	43,541	$	(22,231)	$	21,310


	Three Months Ended June 30, 2022
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	94,005	$	34,329	$	—	$	128,334	$	—	$	128,334
Jewelry scrapping sales	5,404		1,764		—		7,168		—		7,168
Pawn service charges	59,322		20,969		—		80,291		—		80,291
Other revenues	21		7		21		49		—		49
Total revenues	158,752		57,069		21		215,842		—		215,842
Merchandise cost of goods sold	55,885		24,282		—		80,167		—		80,167
Jewelry scrapping cost of goods sold	4,506		1,661		—		6,167		—		6,167

Gross profit	98,361		31,126		21		129,508		—		129,508
Segment and corporate expenses (income):
Store expenses	66,036		23,394		—		89,430		—		89,430
General and administrative	—		—		—		—		18,715		18,715

Depreciation and amortization	2,572		1,987		—		4,559		3,187		7,746


Interest expense	—		—		—		—		2,693		2,693
Interest income	(1)		(189)		—		(190)		—		(190)
Equity in net income of unconsolidated affiliates	—		—		(1,758)		(1,758)		—		(1,758)

Other (income) expense	—		(163)		19		(144)		(66)		(210)
Segment contribution	$	29,754	$	6,097	$	1,760	$	37,611
Income (loss) before income taxes							$	37,611	$	(24,529)	$	13,082


	Nine Months Ended June 30, 2023
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	329,231	$	135,043	$	—	$	464,274	$	—	$	464,274
Jewelry scrapping sales	30,088		4,552		—		34,640		—		34,640
Pawn service charges	208,045		71,397		—		279,442		—		279,442
Other revenues	84		75		47		206		—		206
Total revenues	567,448		211,067		47		778,562		—		778,562
Merchandise cost of goods sold	203,698		93,587		—		297,285		—		297,285
Jewelry scrapping cost of goods sold	25,867		4,946		—		30,813		—		30,813

Gross profit	337,883		112,534		47		450,464		—		450,464
Segment and corporate expenses (income):
Store expenses	220,639		86,365		—		307,004		—		307,004
General and administrative	—		(3)		—		(3)		48,964		48,961

Depreciation and amortization	7,820		6,850		—		14,670		9,307		23,977
Loss (gain) on sale or disposal of assets	84		(56)		—		28		—		28
Other	—		(5,097)		—		(5,097)		—		(5,097)
Interest expense	—		—		—		—		12,994		12,994
Interest income	(2)		(723)		—		(725)		(4,421)		(5,146)
Equity in net loss of unconsolidated affiliates	—		—		29,394		29,394		—		29,394

Other (income) expense	—		(41)		20		(21)		(138)		(159)

Segment contribution (loss)	$	109,342	$	25,239	$	(29,367)	$	105,214
Income (loss) before income taxes							$	105,214	$	(66,706)	$	38,508


	Nine Months Ended June 30, 2022
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated

Revenues:
Merchandise sales	$	296,147	$	103,463	$	—	$	399,610	$	—	$	399,610
Jewelry scrapping sales	13,864		5,938		—		19,802		—		19,802
Pawn service charges	174,651		58,348		—		232,999		—		232,999
Other revenues	67		247		93		407		—		407
Total revenues	484,729		167,996		93		652,818		—		652,818
Merchandise cost of goods sold	172,330		73,194		—		245,524		—		245,524
Jewelry scrapping cost of goods sold	11,279		5,468		—		16,747		—		16,747

Gross profit	301,120		89,334		93		390,547		—		390,547
Segment and corporate expenses (income):
Store expenses	195,217		66,727		—		261,944		—		261,944
General and administrative	—		—		—		—		46,487		46,487

Depreciation and amortization	7,867		5,858		—		13,725		9,045		22,770
Gain on sale or disposal of assets and other	—		(4)		—		(4)		(688)		(692)

Interest expense	—		—		—		—		7,651		7,651
Interest income	(1)		(626)		—		(627)		(122)		(749)
Equity in net income of unconsolidated affiliates	—		—		(1,457)		(1,457)		—		(1,457)
Other expense (income)	—		37		15		52		(11)		41
Segment contribution	$	98,037	$	17,342	$	1,535	$	116,914
Income (loss) before income taxes							$	116,914	$	(62,362)	$	54,552

Reconciliation of Assets from Segment to Consolidated

The following table presents separately identified net earning assets by segment:


(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Corporate Items		Total

As of June 30, 2023
Pawn loans	$	178,877	$	50,502	$	—	$	—	$	229,379
Inventory, net	114,910		40,034		—		—		154,944

As of June 30, 2022
Pawn loans	$	159,680	$	44,475	$	—	$	—	$	204,155
Inventory, net	101,831		30,882		—		—		132,713