Cash America 2012 Annual Report Download - page 154

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
129
14. Income Taxes
The components of the Company’s deferred tax assets and liabilities as of December 31, 2012 and 2011, were as
follows (dollars in thousands):
As of December 31,
2012 2011
Deferred tax assets:
Deferred finish-out allowances from lessors $ 760 $717
Tax over book accrual of pawn loan fees and service charges 7,915 7,578
Ohio Reimbursements(a) 4,821 -
Allowance for consumer loan losses 31,801 23,498
Deferred compensation 11,252 8,844
Net operating losses 15,468 5,746
Deferred state credits 1,206 1,306
Investment in Subsidiaries 9,338 -
Other 5,273 3,038
Total deferred tax assets 87,834 50,727
Deferred tax liabilities:
Amortization of acquired intangibles $ 66,972 $ 56,372
Property and equipment 49,166 45,598
Convertible debt 897 2,180
Other 1,672 1,224
Total deferred tax liabilities 118,707 105,374
Net deferred tax liabilities before valuation allowance $ (30,873) $ (54,647)
Valuation Allowance (21,846) -
N
et deferred tax liabilities after valuation allowance $ (52,719) (54,647)
Balance sheet classification:
Current deferred tax assets, net $ 48,992 $ 35,065
Non-current deferred tax liabilities, net (101,711) (89,712)
N
et deferred tax liabilities $ (52,719) $ (54,647)
(
a
)
See Note 15 for further discussion of the Ohio Reimbursements.
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