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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
93
Adopted Accounting Standards
In April 2014, the FASB issued ASU 2014-08, which amended ASC 205-20. The amendments included in
ASU 2014-08 change the criteria for reporting discontinued operations and enhance disclosures in this area. The
new guidance requires expanded disclosures about discontinued operations that will provide financial statement
users with more information about the assets, liabilities, income, and expenses of discontinued operations. The new
guidance also requires disclosure of the pre-tax income or loss attributable to a disposal of an individually
significant component of an organization that does not qualify for discontinued operations presentation in the
financial statements. The Company is required to adopt ASU 2014-08 prospectively for all disposals (or
classifications as held for sale) of components of an entity that occur within annual periods beginning on or after
December 15, 2014 and interim periods within those years. Early adoption is permitted. The Company adopted ASU
2014-08 on June 30, 2014, and the adoption did not have a material effect on its consolidated financial statements.
In July 2013, the FASB issued ASU 2013-11, which provides guidance on the presentation of unrecognized
tax benefits when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. The
amendments in this update are effective for fiscal years (and interim periods within those years) beginning after
December 15, 2013. The amendments apply prospectively to all unrecognized tax benefits that exist as of the date of
adoption. Retrospective application is permitted. The Company prospectively adopted ASU 2013-11 on January 1,
2014, and the adoption did not have a material effect on its consolidated financial statements.
In March 2013, the FASB issued ASU 2013-05, which applies to the release of the cumulative translation
adjustment into net income when a parent either sells all or a part of its investment in a foreign entity or no longer
holds a controlling financial interest in a subsidiary or group of assets that is a business (other than a sale of in
substance real estate or conveyance of oil and gas mineral rights) within a foreign entity. ASU 2013-05 is effective
prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013.
The Company adopted ASU 2013-05 on January 1, 2014, and the adoption did not have a material effect on its
consolidated financial statements.
In February 2013, the FASB issued ASU 2013-04. ASU 2013-04 requires an entity to measure obligations
resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the
reporting date as the amount the reporting entity agreed to pay plus additional amounts the reporting entity expects
to pay on behalf of its co-obligors. The guidance further provides for disclosure of the nature and amount of the
obligation. ASU 2013-04 is effective for interim and annual reporting periods beginning after December 15, 2013.
The Company adopted ASU 2013-04 on January 1, 2014, and the adoption did not have a material effect on its
consolidated financial statements.