Cash America 2011 Annual Report Download - page 139

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
108
12. Income Taxes
The components of the Company’s deferred tax assets and liabilities as of December 31, 2011 and 2010 were as
follows (dollars in thousands):
As of December 31,
2011 2010
Deferred tax assets:
Deferred finish-out allowances from lessors $ 717 $843
Tax over book accrual of pawn loan fees and service charges 7,578 7,128
Allowance for consumer loan losses 23,498 14,627
Deferred compensation 8,844 8,310
Net operating losses 5,746 4,606
Deferred state credits 1,306 1,169
Other 3,038 2,708
Total deferred tax assets 50,727 39,391
Deferred tax liabilities:
Amortization of acquired intangibles $ 56,372 $ 46,485
Property and equipment 45,598 17,952
Convertible debt 2,180 3,331
Other 1,224 399
Total deferred tax liabilities 105,374 68,167
Net deferred tax liabilities $ (54,647) $ (28,776)
Balance sheet classification:
Current deferred tax assets, net $ 35,065 $ 28,016
Non-current deferred tax liabilities, net (89,712) (56,792)
N
et deferred tax liabilities $ (54,647) $ (28,776)