Segment Information

3 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment Information

NOTE 10: SEGMENT INFORMATION

Our operations are primarily managed on a geographical basis and are comprised of three reportable segments. The factors for determining our reportable segments include the manner in which our chief operating decision maker evaluates performance for purposes of allocating resources and assessing performance.

We currently report our segments as follows:

•U.S. Pawn — all pawn activities in the United States;

•Latin America Pawn — all pawn activities in Mexico and other parts of Latin America; and

•Other Investments — primarily our equity interest in Cash Converters and our investment in and notes receivable from Founders.

There are no inter-segment revenues presented below, and the amounts below were determined in accordance with the same accounting principles used in our condensed consolidated financial statements.

The following income (loss) before income taxes tables present revenues for each reportable segment, disaggregated revenues within our reportable segments and Corporate, segment profits and segment contribution.

	Three Months Ended December 31, 2024
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated
Revenues:
Merchandise sales	$	128,800	$	57,543	$	—	$	186,343	$	—	$	186,343
Jewelry scrapping sales	15,498		1,234		—		16,732		—		16,732
Pawn service charges	87,876		29,176		—		117,052		—		117,052
Other revenues	27		16		—		43		—		43
Total revenues	232,201		87,969		—		320,170		—		320,170
Merchandise cost of goods sold	81,556		40,268		—		121,824		—		121,824
Jewelry scrapping cost of goods sold	11,968		974		—		12,942		—		12,942
Gross profit	138,677		46,727		—		185,404		—		185,404
Segment and corporate expenses (income):
Store expenses	83,089		33,362		—		116,451		—		116,451
General and administrative	—		—		—		—		18,669		18,669
Depreciation and amortization	2,717		2,046		—		4,763		3,572		8,335
Loss on sale or disposal of assets and other	—		8		—		8		—		8
Interest expense	—		—		—		—		3,147		3,147
Interest income	—		(202)		(594)		(796)		(1,297)		(2,093)
Equity in net (income) loss of unconsolidated affiliates	—		—		(1,623)		(1,623)		148		(1,475)
Other (income) expense	(11)		(71)		—		(82)		1,060		978
Segment contribution	$	52,882	$	11,584	$	2,217	$	66,683
Income (loss) before income taxes							$	66,683	$	(25,299)	$	41,384

	Three Months Ended December 31, 2023
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated
Revenues:
Merchandise sales	$	125,513	$	53,890	$	—	$	179,403	$	—	$	179,403
Jewelry scrapping sales	12,815		1,267		—		14,082		—		14,082
Pawn service charges	79,073		27,376		—		106,449		—		106,449
Other revenues	37		16		4		57		—		57
Total revenues	217,438		82,549		4		299,991		—		299,991
Merchandise cost of goods sold	78,709		36,501		—		115,210		—		115,210
Jewelry scrapping cost of goods sold	11,284		924		—		12,208		—		12,208
Gross profit	127,445		45,124		4		172,573		—		172,573
Segment and corporate expenses (income):
Store expenses	77,255		33,300		—		110,555		—		110,555
General and administrative	—		—		—		—		16,543		16,543
Depreciation and amortization	2,624		2,339		—		4,963		3,602		8,565
Loss (gain) on sale or disposal of assets and other	26		(196)		—		(170)		(2)		(172)
Interest expense	—		—		—		—		3,440		3,440
Interest income	—		(420)		(573)		(993)		(1,646)		(2,639)
Equity in net income of unconsolidated affiliates	—		—		(1,153)		(1,153)		—		(1,153)
Other (income) expense	—		(48)		1		(47)		(224)		(271)
Segment contribution	$	47,540	$	10,149	$	1,729	$	59,418
Income (loss) before income taxes							$	59,418	$	(21,713)	$	37,705

The following table presents separately identified segment assets:

(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Corporate Items		Total
As of December 31, 2024
Pawn loans	$	220,208	$	54,616	$	—	$	—	$	274,824
Pawn service charges receivable, net	40,908		4,290		—		—		45,198
Inventory, net	148,460		51,021		—		—		199,481
Total assets	1,029,206		305,337		80,242		84,348		1,499,133
As of December 31, 2023
Pawn loans	$	190,766	$	52,486	$	—	$	—	$	243,252
Pawn service charges receivable, net	35,707		4,295		—		—		40,002
Inventory, net	127,008		37,919		—		—		164,927
Total assets	1,004,075		323,209		78,419		75,490		1,481,193
As of September 30, 2024
Pawn loans	$	214,306	$	59,778	$	—	$	—	$	274,084
Pawn service charges receivable, net	39,194		4,819		—		—		44,013
Inventory, net	138,624		53,299		—		—		191,923
Total assets	1,009,226		311,824		79,421		92,766		1,493,237