Cash America 2009 Annual Report Download - page 129

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
101
9. Income Taxes
The components of the Company’s deferred tax assets and liabilities as of December 31, 2009 and 2008,
were as follows (in thousands):
2009 2008
Deferred tax assets:
Deferred finish-out allowances from lessors $ 1,040 $1,295
Tax over book accrual of finance and service charges 7,260 5,805
Allowance for cash advance losses 10,603 8,902
Deferred compensation 5,718 8,218
Net operating losses 5,563 5,022
Deferred state credits 1,173 1,201
Other 1,874 1,548
Total deferred tax assets 33,231 31,991
Deferred tax liabilities:
Amortization of acquired intangibles $ 36,211 $ 27,499
Property and equipment 11,206 8,120
Convertible debt 4,433 -
Other 2,435 1,910
Total deferred tax liabilities 54,285 37,529
Net deferred tax (liabilities) $ (21,054) $ (5,538)
Balance sheet classification:
Current deferred tax assets $ 21,536 $ 22,037
Non-current deferred tax liabilities (42,590) (27,575)
Net deferred tax (liabilities) $ (21,054) $ (5,538)