Cash America 2011 Annual Report Download - page 145

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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15. Employee Benefit Plans
The Cash America International, Inc. 401(k) Savings Plan is open to substantially all employees. New
employees are automatically enrolled in this plan unless they elect not to participate. The Cash America International,
Inc. Nonqualified Savings Plan is available to certain members of management. Participants may contribute up to 75%
of their earnings to these plans subject to regulatory and other plan restrictions. The Company makes matching cash
contributions of 50% of each participant’s contributions, based on participant contributions of up to 5% of
compensation. Company contributions vest at the rate of 20% each year after one year of service; thus a participant is
100% vested after five years of service. The Company’s total contributions to the 401(k) Savings Plan and the
Nonqualified Savings Plan were $3.6 million for the year ended December 31, 2011 and $2.8 million for each of the
years ended December 31, 2010 and 2009, respectively.
In addition to the plans mentioned above, the Company established a Supplemental Executive Retirement Plan
(“SERP”) for its officers in 2003. Under this defined contribution plan, the Company makes an annual supplemental
cash contribution to the SERP based on the objectives of the plan as approved by the Management Development and
Compensation Committee of the Board of Directors. The Company recorded compensation expense of $0.9 million
for contributions to the SERP for the year ended December 31, 2011 and $0.8 million for each of the years ended
December 31, 2010 and 2009, respectively.
The Nonqualified Savings Plan and the SERP are non-qualified tax-deferred plans. Benefits under the
Nonqualified Savings Plan and the SERP are unfunded. As of December 31, 2011, the Company held securities,
including shares of the Company’s common stock, in a rabbi trust to pay benefits under these plans. The securities
other than Company stock are classified as trading securities and the unrealized gains and losses on these securities are
netted with the costs of the plans in administration expenses in the consolidated statements of income. The Company’s
common stock held in the Nonqualified Savings Plan is included in treasury shares.
Amounts included in the consolidated balance sheets relating to the Nonqualified Savings Plan and the SERP
were as follows (dollars in thousands):
As of December 31,
2011 2010
Prepaid expenses and other assets $8,264 $7,073
Accounts payable and accrued expenses 9,192 7,918
Other liabilities 616 616
Treasury shares 683 679