Cash America 2014 Annual Report Download - page 120

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
105
Indefinite-Lived Intangible Assets
As of December 31, 2014 and 2013, licenses of $9.7 million obtained in conjunction with acquisitions were
not subject to amortization. As of December 31, 2014 and 2013, trademarks of $5.3 million obtained in conjunction
with acquisitions were not subject to amortization. Costs to renew licenses with indefinite lives are expensed as
incurred and recorded in “Operations and administration expenses” in the consolidated statements of income.
10. Accounts Payable and Accrued Expenses
Accounts payable and accrued expenses as of December 31, 2014 and 2013, were as follows (dollars in
thousands):
As of December 31,
2014 2013
Trade accounts payable $13,800 $13,278
Accrued taxes, other than income taxes
8,242
8,407
Accrued payroll, annual incentive and fringe benefits
41,613
29,876
Accrued interest payable
1,658
4,839
Accrual for consumer loan payments rejected for non-sufficient funds
1,049
1,233
Deferred CSO fees
3,025
5,205
Liability for losses on third-party lender-owned consumer loans
1,060
1,030
Ohio Reimbursement Program(a)
—
301
2013 Litigation Settlement(a)
—
18,000
Other accrued liabilities
3,884
6,345
Total $74,331 $88,514
(a) See Note 13 for further discussion of the Ohio Reimbursement Program and the 2013 Litigation Settlement.
11. Long-Term Debt
The Company’s long-term debt instruments and balances outstanding as of December 31, 2014 and 2013 were
as follows (dollars in thousands):
As of December 31,
2014 2013
Domestic and multi-currency line of credit due 2018 $
—
$193,717
6.09% Series A senior unsecured notes due 2016
—
21,000
7.26% senior unsecured notes due 2017
—
20,000
Variable rate senior unsecured notes due 2018
—
33,333
5.75% senior unsecured notes due 2018 196,470
300,000
6.00% Series A senior unsecured notes due 2019
—
47,000
6.21% Series B senior unsecured notes due 2021
—
18,182
6.58% Series B senior unsecured notes due 2022
—
5,000
5.25% convertible senior notes due 2029
—
101,757
Total debt $196,470 $739,989
Less current portion
—
(22,606
)
Total long-term debt $196,470 $717,383