Cash America 2012 Annual Report Download - page 159

Download and view the complete annual report

Please find page 159 of the 2012 Cash America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 208

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
134
Periodically, shares are purchased in the open market on behalf of participants relating to the Company’s
nonqualified deferred compensation plans. Certain amounts are subsequently distributed to participants. In January
2012, the Company purchased 1,211 shares of the Company’s common stock from the rabbi trust that held the shares
for the Nonqualified Savings Plan, which no longer permits investments in the Company’s common stock. Activities
during each of the three years ended December 31 are summarized as follows (dollars in thousands):
Year Ended December 31,
2012 2011 2010
Purchases:
N
umber of shares 108 93 1,552
Aggregate amount $ 4 $ 5 $ 58
Sales:
N
umber of shares 1,211 (a) 9 1,727
Aggregate amount $ 25 $ - $ 36
Distributions and transfers to 401(k) savings plan:
N
umber of shares - - 4
Aggregate amount $ - $ - $-
(
a
)
Represents shares purchased by the Company from the rabbi trust that held the shares for the
N
onqualified Savings Plan.
Accumulated Other Comprehensive Income (Loss)
Components of accumulated other comprehensive income (loss), after tax, for the years ended December 31,
2012, 2011 and 2010 were as follows (dollars in thousands):
As of December 31,
2012 2011 2010
Unrealized derivatives loss, net of tax $ (1) $ (13) $ (111)
Foreign currency translation gain (loss), net of tax 2,875 (6,077) 6,210
Marketable securities unrealized (gain) loss, net of tax 254 (806) (1,302)
Accumulated other comprehensive income (loss) $ 3,128 $ (6,896) $ 4,797
17. Employee Benefit Plans
Prior to July 1, 2012, the Cash America International, Inc. 401(k) Savings Plan was open to substantially all
U.S. employees. Effective on July 1, 2012, the Enova International, Inc. 401(k) Savings Plan was established and is
open to substantially all employees in the Company’s e-commerce segment. The Cash America International, Inc.
401(k) Savings Plan remains open to substantially all other U.S. employees. New employees are automatically enrolled
in the applicable 401(k) Savings Plan unless they elect not to participate. The Cash America International, Inc.
Nonqualified Savings Plan is available to certain members of management. The Enova International, Inc. Nonqualified
Savings Plan was established effective July 1, 2012 and is available in lieu of the Cash America International, Inc.
Nonqualified Savings Plan to certain members of management in the Company’s e-commerce segment. Participants
may contribute up to 75% of their eligible earnings to the applicable 401(k) Savings Plan, subject to regulatory and
other plan restrictions. Nonqualified Savings Plan participants may contribute up to 100% of their annual bonus and up
to 50% of their other eligible compensation to the applicable Nonqualified Savings Plan. The Company makes
matching cash contributions of 50% of each participant’s contributions, based on participant contributions of up to 5%
of eligible compensation. Company contributions vest at the rate of 20% each year after one year of service; thus a