Cash America 2015 Annual Report Download - page 119

financial institution an additional 145,436 shares as determined by the average daily volume weighted average
price, less an agreed upon discount, of the Company’s common stock during the duration of the ASR agreement.
Upon settlement, the $3.3 million balance in additional paid-in capital, which reflected the value of common stock
initially held back by the financial institution, was reclassified to treasury shares.
Periodically, shares are purchased in the open market in connection with dividend reinvestment for
dividends paid on Director Deferred Shares. ActivitiesduringeachofthethreeyearsendedDecember31are
summarized as follows (dollars in thousands):
YearEndedDecember31,
2015 2014 2013
Purchases:
Number of shares 244 120 99
Aggregate amount $6 $4$4
Accumulated Other Comprehensive Income (Loss) (“AOCI”)
The net change in AOCI from marketable equity securities for the year ended December 31, 2015 is
composedofan$88.6millionlossandanincometaxbenefitof$31.5millionandrelatestotheavailable-for-sale
shares of Enova common stock held by the Company. The gain on marketable equity securities reclassified out of
AOCIfortheyearendedDecember31,2015iscomposedofa$1.7milliongainandincometaxexpenseof$0.6
million. The gain and income tax expense are included in “Gain on disposition of equity securities” and “Provision
for income taxes,” respectively, in the consolidated statements of income.
Components of AOCI,aftertax,fortheyearsendedDecember31,2015,2014and2013areshownbelow
(dollars in thousands):
Foreign
Currency
Translation
Gain (Loss),
Net of Tax
Marketable
Securities
Gain (Loss),
Net of Tax Total
Balance as of January 1, 2013 $ 2,874 $ 254 $ 3,128
Other comprehensive income before reclassifications 1,775 373 2,148
Amounts reclassified from AOCI — (627) (627)
Net change in AOCI 1,775 (254) 1,521
Balance as of December 31, 2013 4,649 — 4,649
Other comprehensive (loss) income (7,255) 71,959 64,704
Spin-off of Enova 2,606 — 2,606
Net change in AOCI (4,649) 71,959 67,310
Balance as of December 31, 2014 — 71,959 71,959
Other comprehensive loss before reclassifications — (56,028) (56,028)
Amounts reclassified from AOCI — (1,089) (1,089)
Net change in AOCI — (57,117) (57,117)
Balance as of December 31, 2015 $ — $ 14,842 $ 14,842
15. Employee Benefit Plans
The Company has a 401(k) Savings Plan that is open to substantially all employees of the Company. New
employees are automatically enrolled in the 401(k) Savings Plan unless they elect not to participate. The Company
has a Nonqualified Savings Plan that is available to certain members of management. Participants may contribute up
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
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