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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
88
and the adoption did not have a material impact on the Company’s financial position or results of operations.
In December 2007, FASB issued ASC 805-10-65, Transition Related to FASB Statement No. 141
(Revised 2007), Business Combinations (“ASC 805-10-65”), which establishes principles and requirements
for how an acquirer in a business combination (1) recognizes and measures in its financial statements the
identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree; (2)
recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase
price; and (3) determines what information to disclose to enable users of the consolidated financial statements
to evaluate the nature and financial effects of the business combination. ASC 805-10-65 applies
prospectively to business combinations for which the acquisition date is on or after the beginning of the first
annual reporting period beginning on or after December 15, 2008. The Company adopted ASC 805-10-65 on
January 1, 2009. The application of ASC 805-10-65 will cause management to evaluate future transactions
under different conditions than previously completed significant acquisitions, particularly related to the near-
term and long-term economic impact of expensing transaction costs.
In March 2008, FASB issued ASC 815-10-65, Transition and Effective Date Related to FASB
Statement No. 161, Disclosures about Derivative Instruments and Hedging Activities—an amendment of
FASB Statement No. 133 (“ASC 815-10-65”), which requires enhanced disclosures concerning (1) the manner
in which an entity uses derivatives (and the reasons it uses them), (2) the manner in which derivatives and
related hedged items are accounted for and (3) the effects that derivatives and related hedged items have on an
entity's financial position, financial performance, and cash flows. ASC 815-10-65 is effective for financial
statements issued for fiscal years and interim periods beginning on or after November 15, 2008. The
Company adopted ASC 815-10-65 on January 1, 2009 and the adoption did not have a material impact on the
Company’s financial position or results of operations. See Note 13.
In April 2009, FASB issued ASC 825-10-65, Transition Related to FSP FAS 107-1 and APB 28-1,
Interim Disclosures about Fair Value of Financial Instruments (“ASC 825-10-65”), which requires
disclosures about fair value of financial instruments for interim reporting periods as well as in annual
financial statements for interim reporting periods ending after June 15, 2009. The Company adopted ASC
825-10-65 during the quarter ended June 30, 2009, and the adoption did not have a material impact on the
Company’s financial position or results of operations. See Note 18.
In May 2009, FASB issued ASC 855-10-05 through ASC 855-10-55, Subsequent Events (“ASC 855-
10”), which establishes principles and standards related to the accounting for and disclosure of events that
occur after the balance sheet date but before the financial statements are issued. ASC 855-10-25, Subsequent
Events – Recognition requires an entity to recognize, in the financial statements, subsequent events that
provide additional information regarding conditions that existed at the balance sheet date. Subsequent events
that provide information about conditions that did not exist at the balance sheet date are not required to be
recognized in the financial statements under ASC 855-10. ASC 855-10 was effective for interim and annual
reporting periods on or after June 15, 2009. The Company adopted ASC 855-10 during the quarter ended
June 30, 2009, and the adoption did not have a material impact on the Company’s financial position or results
of operations. See Note 22.
In August 2009, FASB issued ASC Update No. 2009-4, Accounting for Redeemable Equity
Instruments (“ASU 2009-4”), which represents an update to ASC 480-10-S99, Distinguishing Liabilities from
Equity. ASU 2009-4 includes disclosure requirements for redeemable securities. ASU 2009-4 became
effective for the Company upon issuance and did not have a material impact on the Company’s financial
position or results of operations.