Cash America 2012 Annual Report Download - page 164

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
139
20. Supplemental Disclosures of Cash Flow Information
The following table sets forth certain cash and non-cash activities for the years ended December 31 (dollars in
thousands):
Year Ended December 31,
2012 2011 2010
Cash paid during the year for:
Interest $ 22,520 $ 23,974 $ 17,648
Income taxes 92,131 43,513 65,974
N
on-cash investing and financing activities:
Pawn loans forfeited and transferred to merchandise held for disposition $ 350,122 $ 334,869 $ 297,045
Pawn loans renewed 279,553 207,661 134,539
Consumer loans renewed 629,516 571,651 416,168
Liabilities assumed in acquisitions 1,207 333 1,602
Fair value of shares paid for acquisition - - 10,854
Capitalized interest on software development - 558 730
Shares received for payment of receivables 383 - -
Release of minority shareholders from contingent liability 2,758 - -
21. Operating Segment Information
The Company has two reportable operating segments: retail services and e-commerce. The retail services
segment includes all of the operations of the Company’s Retail Services Division, which is composed of both domestic
and foreign storefront locations that offer some or all of the following services: pawn loans, consumer loans, the
purchase and sale of merchandise, check cashing and other ancillary services such as money orders, wire transfers,
prepaid debit cards, tax filing services and auto insurance. Most of these ancillary services offered in the retail services
segment are provided through third-party vendors. The e-commerce segment includes the operations of the Company’s
E-Commerce Division, which is composed of the Company’s domestic and foreign online lending channels through
which the Company offers consumer loans. In the e-commerce segment, certain administration expenses are allocated
between the domestic and foreign components based on the amount of loans written and renewed.
During the first quarter of 2012, the Company changed the presentation of its operating segment information
to report corporate operations separately from its retail services and e-commerce segment information. Corporate
administrative expense, which was previously allocated to each segment based on personnel expense, is included under
the “Corporate” heading in the following tables. For comparison purposes, operations and administration expenses for
prior years have been conformed to the current presentation. Corporate operations primarily include corporate
expenses, such as legal, occupancy, and other costs related to corporate service functions, such as executive oversight,
insurance and risk management, public and government relations, internal audit, treasury, payroll, compliance and
licensing, finance, accounting, tax and information systems (except for online lending systems, which are included in
the e-commerce segment). Corporate income includes miscellaneous income not directly attributable to the Company’s
segments. Corporate assets primarily include: corporate property and equipment, nonqualified savings plan assets,
marketable securities, foreign exchange forward contracts and prepaid insurance.