Subsequent Events

9 Months Ended

Jun. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

Note N. Subsequent Events

In July 2011, we acquired two pawn stores located in the Chicago metropolitan area and six stores in central Mexico for total consideration of approximately $10.5 million. The consideration was comprised of $3.1 million cash and approximately $7.4 million related to the issuance of 208,763 shares of EZCORP Class A Non-voting Common Stock. The stores were acquired from two separate sellers. We preliminarily expect to record approximately $2.8 million of net tangibles assets and $0.2 million of intangible assets attributable to non-compete agreements and goodwill of $7.5 million. We expect to record goodwill of $4.3 million in the U.S. Pawn Operations segment and $3.2 million in the Empeño Fácil segment, all of which is expected to be tax deductible. The factors contributing to the recognition of goodwill were based on several strategic and synergistic benefits we expect to realize from the acquisitions. These benefits include our initial entry into the Mexican states of Hidalgo and Tlaxcala, a greater presence in the Chicago pawn market and the ability to further leverage our expense structure through increased scale.