Cash America 2012 Annual Report Download - page 161
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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
136
The fair values of the Company’s derivative instruments as of December 31, 2012 and 2011 were as follows
(dollars in thousands):
Balance as of December 31,
Assets Balance Sheet Location 2012 2011
Derivatives designated as hedges:
Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Interest rate contracts
Prepaid expenses and
other assets $ - $ - $ 15,000 $ -
N
on-designated derivatives:
Forward currency
exchange contracts
Prepaid expenses and
other assets $ 93,813 $ (406) $ 80,375 $ 260
The following table presents information on the effect of derivative instruments on the consolidated results of
operations and OCI for the years ended December 31, 2012 and 2011 (dollars in thousands):
Gains (Losses) Recognized in
Income
Gains (Losses) Recognized in
OCI
Gains (Losses) Reclassified
From OCI into Income
Year Ended December 31, Year Ended December 31, Year Ended December 31,
2012 2011 2012 2011 2012 2011
Derivatives designated as hedges:
Interest rate contracts $
─
$
─
$ 12 $ 98 $
─
$
─
Total $
─
$
─
$ 12 $ 98 $
─
$
─
N
on-designated derivatives:
Forward currency exchange
contracts(a) $ (4,794) $ 3,159 $
─
$
─
$
─
$
─
Total $ (4,794) $ 3,159 $
─
$
─
$
─
$
─
(
a
)
The gains/(losses) shown on these derivatives substantially offset the gain or loss on the hedged portion of foreign
intercompany balances.
19. Stock-Based Compensation
Under the Cash America International, Inc. First Amended and Restated 2004 Long-Term Incentive Plan, as
amended, (the “2004 Plan”), the Company is authorized to issue 2,700,000 shares of Common Stock pursuant to
“Awards” granted as incentive stock options (intended to qualify under Section 422 of the Internal Revenue Code of
1986, as amended), nonqualified stock options, restricted stock units, restricted stock, performance shares, stock
appreciation rights or other stock-based awards. Since 2004, restricted stock unit (“RSU”) awards are the only stock-
based awards granted under the Plan. As of December 31, 2012, there were 1,743,494 shares available for future grants
under the Plan.
Historically, the Company has repurchased its shares on the open market from time to time pursuant to an
authorization from the Board of Directors of the Company and held the shares in treasury. The Company reissued
those shares upon stock option exercises and upon the issuance of shares when restricted stock units vest under the