Income Taxes (Tables)

12 Months Ended

Sep. 30, 2023

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)	2023		2022		2021
Domestic*	$	26,209	$	49,937	$	2,320
Foreign	25,424		17,776		13,742
	$	51,633	$	67,713	$	16,062

*    Includes the majority of our corporate administrative costs. See Note 14: 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)	2023		2022		2021
Current:
Federal	$	18,753	$	9,465	$	(479)
State and foreign	7,219		3,143		4,646
	25,972		12,608		4,167
Deferred:
Federal	(11,182)		983		3,202
State and foreign	(1,620)		3,962		81
	(12,802)		4,945		3,283
Total income tax expense	$	13,170	$	17,553	$	7,450

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)	2023			2022			2021
Income tax expense (benefit) at the federal statutory rate	$	10,843		$	14,223		$	3,374
State taxes, net of federal benefit	1,814			1,728			931
Mexico inflation adjustment	(1,787)			(2,089)			(1,217)
Non-deductible items	2,655			1,705			2,087
Foreign rate differential	2,381			1,306			1,111
Change in valuation allowance	311			660			(137)
Stock compensation	(62)			(161)			293
Uncertain tax positions	(174)			(2,025)			208
Deferred tax true-up	(165)			3,811			896
Dividends received deduction	(754)			(699)			—
Non-deductible loss on debt restructuring	1,710			—			—
U.S. GAAP/statutory book adjustments	(1,143)			—			—
Other	(2,459)			(906)			(96)
Total income tax expense	$	13,170		$	17,553		$	7,450
Effective tax rate	26		%	26		%	46		%

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)	2023		2022
Deferred tax assets:
Cash Converters	$	20,364	$	14,299
Tax over book inventory	8,186		7,942
Accrued liabilities	11,043		8,384
Pawn service charges receivable	2,764		2,507
Stock compensation	1,645		887
Foreign tax credit	1,696		1,696
State and foreign net operating loss carryforwards	14,547		16,220
Book over tax depreciation	7,298		5,574
Other	7,612		3,943
Total deferred tax assets before valuation allowance	75,155		61,452
Valuation allowance	(16,885)		(17,966)
Total deferred tax assets, net	58,270		43,486
Deferred tax liabilities:
Tax over book amortization	30,906		29,663
Prepaid expenses	2,097		2,051
Total deferred tax liabilities	33,003		31,714
Net deferred tax asset	$	25,267	$	11,772

Schedule of Unrecognized Tax Benefits

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

	Fiscal Year Ended September 30,
(in thousands)	2023		2022		2021
Beginning balance	$	3,568	$	4,763	$	3,085
Increase for tax positions taken during a prior period	396		547		2,135
Decrease for settlement for tax positions taken during a prior period	(259)		—		—
Decrease for tax positions as a result of the lapse of the statute of limitations	(412)		(1,742)		(457)
Ending balance	$	3,293	$	3,568	$	4,763