Income Taxes (Tables)

12 Months Ended

Sep. 30, 2024

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)	2024		2023		2022
Domestic*	$	82,703	$	26,209	$	49,937
Foreign	32,905		25,424		17,776
	$	115,608	$	51,633	$	67,713

*    Includes the majority of our corporate administrative costs. See Note 12: 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)	2024		2023		2022
Current:
Federal	$	20,176	$	18,753	$	9,465
State and foreign	10,983		7,219		3,143
	31,159		25,972		12,608
Deferred:
Federal	(1,719)		(11,182)		983
State and foreign	3,073		(1,620)		3,962
	1,354		(12,802)		4,945
Total income tax expense	$	32,513	$	13,170	$	17,553

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)	2024			2023			2022
Income tax expense (benefit) at the federal statutory rate	$	24,278		$	10,843		$	14,223
State taxes, net of federal benefit	3,421			1,814			1,728
Mexico inflation adjustment	(2,154)			(1,787)			(2,089)
Non-deductible items	4,169			2,655			1,705
Foreign rate differential	2,098			2,381			1,306
Change in valuation allowance	(411)			311			660
Stock compensation	(202)			(62)			(161)
Uncertain tax positions	(198)			(174)			(2,025)
Foreign withholding tax	998			—			—
Deferred tax true-up	587			(165)			3,811
Dividends received deduction	(742)			(754)			(699)
Non-deductible loss on debt restructuring	—			1,710			—
U.S. GAAP/statutory book adjustments	(239)			(1,143)			—
Other	908			(2,459)			(906)
Total income tax expense	$	32,513		$	13,170		$	17,553
Effective tax rate	28		%	26		%	26		%

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)	2024		2023
Deferred tax assets:
Cash Converters	$	20,051	$	20,364
Tax over book inventory	8,595		8,186
Accrued liabilities	7,958		7,689
Pawn service charges receivable	3,182		2,764
Stock compensation	1,718		1,645
Foreign tax credit	1,696		1,696
State and foreign net operating loss carryforwards	13,030		14,547
Book over tax depreciation	7,052		7,298
Operating lease liabilities	52,444		56,720
Other	6,510		7,612
Total deferred tax assets before valuation allowance	122,236		128,521
Valuation allowance	(15,685)		(16,885)
Total deferred tax assets, net	106,551		111,636
Deferred tax liabilities:
Tax over book amortization	31,436		30,906
Right-of-use assets, net	49,747		53,366
Prepaid expenses	2,086		2,097
Total deferred tax liabilities	83,269		86,369
Net deferred tax asset	$	23,282	$	25,267

Schedule of Unrecognized Tax Benefits

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

	Fiscal Year Ended September 30,
(in thousands)	2024		2023		2022
Beginning balance	$	3,293	$	3,568	$	4,763
Increase for tax positions taken during a prior period	223		396		547
Decrease for tax positions taken during a prior period	(337)		(259)		—
Decrease for tax positions as a result of the lapse of the statute of limitations	(378)		(412)		(1,742)
Ending balance	$	2,801	$	3,293	$	3,568