Earnings per Share

3 Months Ended

Dec. 31, 2024

NOTE 3: EARNINGS PER SHARE

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


	Three Months Ended December 31,
(in thousands, except per share amounts)		2024		2023

Basic earnings per common share:
Net income - basic		$	31,016	$	28,470
Weighted shares outstanding - basic		54,827		55,076
Basic earnings per common share		$	0.57	$	0.52

Diluted earnings per common share:
Net income - basic		$	31,016	$	28,470
Add: Convertible Notes* interest expense, net of tax		2,439		2,659



Net income - diluted		$	33,455	$	31,129
Weighted shares outstanding - basic		54,827		55,076
Equity-based compensation awards - effect of dilution**		1,541		1,318
Convertible Notes* - effect of dilution		26,979		30,418



Weighted shares outstanding - diluted		83,347		86,812
Diluted earnings per common share		$	0.40	$	0.36

Potential common shares excluded from the calculation of diluted earnings per common share above:





Restricted stock***		1,437		1,581

* The Company’s debt (collectively, the “Convertible Notes”) includes the 2.375% Convertible Senior Notes Due 2025 (the “2025 Convertible Notes”), the 3.750% Convertible Senior Notes Due 2029 (the “2029 Convertible Notes”) and the three months ended December 31, 2023 also includes the 2.875% Convertible Senior Notes Due 2024 (the “2024 Convertible Notes”). See Note 7: Debt for conversion price, initial conversion rate and 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.

*** 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.