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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
117
terms of options with the seven-year vesting periods and certain of the four-year and five-year vesting periods included
provisions that accelerated vesting if specified share price appreciation criteria were met.
A summary of the Company’s stock option activity for each of the years ended December 31, 2011, 2010 and
2009 is as follows:
Year Ended December 31,
2011 2010 2009
Weighted Weighted Weighted
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding at beginning of year 247,300 $ 8.83 451,545 $ 9.29 613,245 $ 9.42
Exercised (48,400) 8.34 (204,245) 9.85 (161,700) 9.76
Outstanding at end of year 198,900 $ 8.95 247,300 $ 8.83 451,545 $ 9.29
Exercisable at end of year 198,900 $ 8.95 247,300 $ 8.83 451,545 $ 9.29
Stock options outstanding and exercisable as of December 31, 2011 and 2010 are summarized below:
As of December 31, 2011
Options Outstanding Options Exercisable
Weighted
Weighted
Average Weighted
Average Years of Average
Range of Number Exercise Remaining Number Exercise
Exercise Prices Outstanding Price Contractual Life Exercisable Price
$7.95 62,500 $ 7.95 0.1 62,500 $ 7.95
$9.41 136,400 9.41 1.1 136,400 9.41
$ 7.95 to $9.41 198,900 $ 8.95 0.7 198,900 $ 8.95
As of December 31, 2010
Options Outstanding Options Exercisable
Weighted
Weighted
Average Weighted
Average Years of Average
Range of Number Exercise Remaining Number Exercise
Exercise Prices Outstanding Price Contractual Life Exercisable Price
$7.64 to $9.40 103,900 $ 7.97 1.0 103,900 $ 7.97
$9.41 to $10.72 143,400 9.46 2.1 143,400 9.46
$7.64 to $10.72 247,300 $ 8.83 1.6 247,300 $ 8.83
The outstanding stock options (all exercisable) at December 31, 2011 had an aggregate intrinsic value of $7.5
million and the stock options exercised during 2011 had an aggregate intrinsic value of $1.9 million. Income tax
benefits realized from the exercise of stock options for the years ended December 31, 2011, 2010 and 2009 were $0.7
million, $1.9 million and $1.1 million, respectively.