Cash America 2013 Annual Report Download - page 87

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The following table provides a reconciliation for the years ended December 31, 2013, 2012 and 2011,
respectively, between net income attributable to the Company and diluted earnings per share calculated in accordance
with GAAP to the Adjusted Earnings Measures, which are shown net of tax (dollars in thousands, except per share data):
Year Ended December 31,
2013 2012 2011
$
Per
Diluted
Share(a) $
Per
Diluted
Share(a) $
Per Diluted
Share(a)
N
et income and diluted earnings per share attributable
to Cash America International, Inc. $ 142,528 $4.66 $ 107,470 $3.42 $ 135,963 $ 4.25
Adjustments (net of tax):
Texas Consumer Loan Store Closures(b) 865 0.03 - - - -
Loss on Debt Extinguishment(c) 382 0.01 - - - -
Regulatory Penalty(d) 5,000 0.16 - - - -
2013 Litigation Settlement(e) 11,340 0.37 - - - -
Tax benefit related to Creazione Deduction(f) (33,201) (1.09) - - - -
Charges related to withdrawn proposed Enova IPO(g) - - 2,424 0.07 - -
Charges related to the Mexico Reorganization(h) - - 25,421 0.81 - -
Charges related to Ohio Adjustment and
Ohio Reimbursement Program(i) (3,209) (0.10) 8,442 0.27 - -
Adjusted net income and diluted earnings per share
attributable to the Company 123,705 4.04 143,757 4.57 135,963 4.25
Other adjustments (net of tax):
Intangible asset amortization 3,582 0.12 2,791 0.09 3,905 0.12
Non-cash equity-based compensation 3,092 0.10 3,007 0.10 3,064 0.10
Convertible debt non-cash interest and issuance
cost amortization 2,493 0.09 2,386 0.07 2,214 0.07
Foreign currency transaction loss 759 0.02 196 0.01 786 0.02
Adjusted earnings and adjusted earnings per share $ 133,631 $4.37 $ 152,137 $4.84 $ 145,932 $ 4.56
(a) Diluted shares are calculated by giving effect to the potential dilution that could occur if securities or other contracts to issue common shares
were exercised and converted into common shares during the period.
(b) For the year ended December 31, 2013, represents charges related to the Texas Consumer Loan Store Closures of $1.4 million, net of tax benefit
of $0.5 million.
(c) For the year ended December 31, 2013, represents charges related to the Debt Extinguishment of $0.6 million, net of tax benefit of $0.2 million.
(d) For the year ended December 31, 2013, represents the amount paid in connection with the Regulatory Penalty, which is nondeductible for tax
purposes.
(e) For the year ended December 31, 2013, represents charges related to the 2013 Litigation Settlement of $18.0 million, net of tax benefit of $6.7
million.
(f) For the year ended December 31, 2013, represents an income tax benefit related to the Creazione Deduction.
(g) For the year ended December 31, 2012, represents charges directly related to the withdrawn Enova IPO of $3.9 million, net of tax benefit of
$1.5 million.
(h) For the year ended December 31, 2012, represents charges related to the Mexico Reorganization of $28.9 million, net of tax benefit of $1.2
million and noncontrolling interest of $2.3 million.
(i) For the year ended December 31, 2013, represents the Ohio Adjustment of $5.0 million, net of tax provision of $1.8 million. For the year ended
December 31, 2012, represents $13.4 million charges, net of tax benefit of $5.0 million, related to the Ohio Reimbursement Program.
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