Goodwill and Intangible Assets

12 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

NOTE 7: GOODWILL AND INTANGIBLE ASSETS

We evaluate goodwill for impairment annually on July 1 (see Note 1 for disclosure of the change in accounting principle) and upon the occurrence of certain triggering events or substantive changes in circumstances that indicate that the fair value of goodwill may be impaired.

We assessed qualitative and quantitative factors and determined that it was not more-likely-than-not that the fair values of our reporting units were less than their carrying values as of the testing date. As a result of our assessment, no goodwill impairment charge was recorded during the fiscal year ended September 30, 2025. There was no impairment charge recorded during the fiscal years ended September 30, 2024 and 2023.

Accumulated goodwill losses of $41.3 million were recorded prior to fiscal 2023 associated with the U.S. Pawn ($10.0 million) and Latin America Pawn ($31.3 million) segments because of the impact of the COVID-19 pandemic on typical customer behavior, which led to a significant decline in pawn loan balances and the mandated closure of stores in our GPMX countries.

The following table presents the changes in the carrying value of goodwill by segment:

(in thousands)	U.S. Pawn		Latin America Pawn		Consolidated
Balances as of September 30, 2023	$	255,942	$	46,430	$	302,372
Acquisitions(a)	8,486		—		8,486
Effect of foreign currency translation changes	—		(4,380)		(4,380)
Balances as of September 30, 2024	$	264,428	$	42,050	$	306,478
Acquisitions(a)	3,635		12,045		15,680
Effect of foreign currency translation changes	—		2,731		2,731
Balances as of September 30, 2025	$	268,063	$	56,826	$	324,889

(a) Amount represents goodwill recognized in connection with acquisitions within the U.S. Pawn segment that were immaterial, individually and in the aggregate, and we have therefore omitted certain disclosures.

For fiscal 2025, we assessed qualitative and quantitative factors and determined that it was not more-likely-than-not that the fair values of our indefinite-lived intangible assets were less than their carrying values.

The following table presents the balance of each major class of intangible assets:

	September 30,
(in thousands)	2025		2024
Non-amortizing intangible assets:
Trade names	$	19,342	$	18,771
Pawn licenses	9,534		9,534
Total	$	28,876	$	28,305
Amortizing intangible assets:
Internally developed software	$	113,887	$	103,428
Accumulated amortization	(84,010)		(73,318)
Total	$	29,877	$	30,110
Other	$	399	$	2,303
Accumulated amortization	(320)		(2,267)
Total	$	79	$	36
Intangible assets, net	$	58,832	$	58,451

The amortization of most definite-lived intangible assets is recorded as amortization expense and included under “Depreciation and amortization” expense in our Consolidated Statements of Operations. These amounts were $10.7 million, $11.6 million and $10.0 million for fiscal 2025, 2024 and 2023, respectively.

As of September 30, 2025, our estimate of future amortization expense for definite-lived intangible assets is as follows (in thousands):

2026	$	10,354
2027	8,106
2028	5,583
2029	3,806
2030	2,075
Thereafter	32
Total	$	29,956

As acquisitions and dispositions occur in the future, amortization expense may vary from these estimates.