Item 2.02 - Results of Operations and Financial Condition
On July 24, 2012, EZCORP, Inc. issued a press release announcing its results of operations and financial condition for the third fiscal quarter ended June 30, 2012. A copy of that press release is attached as Exhibit 99.1.
As used herein, "GAAP" refers to accounting principles generally accepted in the United States.
The press release furnished in Exhibit 99.1 presents the financial results in accordance with GAAP. In addition, net income, consolidated operating income and earnings per share for the nine months ended June 30, 2011 are also presented on a non-GAAP basis. Information sufficient to reconcile the non-GAAP measure to the GAAP measure is also presented. This non-GAAP financial measure is not meant to be considered in isolation or as a substitute for the corresponding GAAP measure.
As noted in the press release, the only difference between the presented non-GAAP measures and the GAAP measures is the exclusion of the effect of a one-time charge related to the retirement of the Company's former Chief Executive Officer and related tax benefit. The Company believes that excluding this one-time charge from the Company's prior nine month period GAAP results allows management and investors to better understand the Company's financial performance from period to period and in relation to the Company's operating results. Management does not believe that the excluded one-time charge is reflective of underlying operating performance. The presentation of these non-GAAP financial measures facilitates an enhanced understanding of the Company's actual and expected performance and enables more meaningful period-to-period comparisons.
The information set forth under this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference in any filing made by EZCORP under the Securities Act of 1933 or the Securities Exchange Act of 1934.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release, dated July 24, 2012, announcing EZCORP, Inc.'s results of operations and financial condition for the third fiscal quarter ended June 30, 2012

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