v3.25.2
Earnings Per Share
 9 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings per Share
NOTE 4: 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
June 30,
Nine Months Ended
June 30,
(in thousands, except per share amounts)2025202420252024
Basic earnings per common share:
Net income - basic $26,503 $17,950 $82,909 $67,899 
Weighted shares outstanding - basic59,134 54,898 56,308 55,022 
Basic earnings per common share $0.45 $0.33 $1.47 $1.23 
Diluted earnings per common share:
Net income - basic$26,503 $17,950 $82,909 $67,899 
Add: Convertible Notes interest expense, net of tax*2,066 2,427 6,909 7,501 
Net income - diluted $28,569 $20,377 $89,818 $75,400 
Weighted shares outstanding - basic59,134 54,898 56,308 55,022 
Equity-based compensation awards - effect of dilution**1,233 1,056 1,333 1,129 
Convertible Notes - effect of dilution***22,551 27,054 25,503 28,158 
Weighted shares outstanding - diluted82,918 83,008 83,144 84,309 
Diluted earnings per common share$0.34 $0.25 $1.08 $0.89 
Potential common shares excluded from the calculation of diluted earnings per common share above:
Restricted stock****1,693 1,917 1,731 1,913 
Total1,693 1,917 1,731 1,913 
    
*    The Company’s debt (collectively, the “Convertible Notes”) includes the 3.750% Convertible Senior Notes Due 2029 (the “2029 Convertible Notes”) and the 2.375% Convertible Senior Notes Due 2025 (the “2025 Convertible Notes”), which were settled in a combination of cash and shares during the three months ended June 30, 2025. The nine months ended June 30, 2024 also includes the 2.875% Convertible Senior Notes Due 2024 (the “2024 Convertible Notes”). Effective January 1, 2024, we were required to combination settle the 2024 Convertible Notes. As such, no interest expense is included in the diluted earnings per share computation for the three months ended June 30, 2024 and only the first quarter of 2024 interest expense is included for the nine months ended June 30, 2024. See Note 8: 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.
***    As the 2025 Notes were settled during the fiscal quarter, approximately 2.1 million and 5.0 million of weighted average shares were included for the three and nine months ended June 30, 2025, respectively. As we were required to combination settle the 2024 Convertible Notes effective January 1, 2024, the 3.4 million principal shares are not included for the three months ended June 30, 2024 and only the weighted average shares of 1.2 million are included for the nine months ended June 30, 2024. Additionally, 75,854 and 25,192 potential common shares related to the accreted value of the 2024 Convertible Notes are included for the three or nine months ended June 30, 2024 as the average market rate was not above the initial conversion price of $10.00 per share for the noted reporting periods. See Note 8: Debt for conversion price, initial conversion rate and additional information on the 2024 Convertible Notes, 2025 Convertible Notes, and 2029 Convertible Notes.
****    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.