Cash America 2014 Annual Report Download - page 64

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49
The following table provides a reconciliation for the years ended December 31, 2014, 2013 and 2012,
respectively, between net (loss) income from continuing operations and diluted earnings per share from continuing
operations 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,
2014 2013 2012
$
Per
Diluted
Share(a) $
Per
Diluted
Share(a) $
Per
Diluted
Share(a)
Net (loss) income and diluted net income (loss) per
share from continuing operations $
(10,387
) $ (0.36)$
59,182
$
1.93
$40,901
1.30
Adjustments (net of tax):
Loss on divestitures
6,444
0.22
—
—
—
—
2014 Reorganization
4,749
0.16
—
—
—
—
Texas Consumer Loan Store Closures
—
—
865
0.03
—
—
Loss on early debt extinguishment
14,208
0.48
382
0.01
—
—
Regulatory Penalty
2,500
0.08
2013 Litigation Settlement
400
0.01
11,340
0.37
—
—
Tax benefit related to Creazione Deduction
—
—
(33,201
)
(1.09
)
—
—
Charges related to the Mexico Reorganization
—
—
—
—
25,421
0.81
Charges related to Ohio Adjustment and Ohio
Reimbursement Program
—
—
(3,209
)
(0.10
)
8,442
0.27
Adjusted net income and adjusted diluted net
income per share from continuing operations
15,414
0.51
37,859
1.23
74,764
2.38
Other adjustments (net of tax):
Intangible asset amortization
4,148
0.14
3,495
0.11
2,618
0.08
Non
-
cash equity
-
based compensation
2,806
0.11
3,092
0.11
3,007
0.09
Convertible debt non-cash interest and issuance
cost amortization
518
0.02
2,493
0.08
2,386
0.08
Foreign currency transaction gain
(71
)
—
(11
)
—
(18
)
—
Adjusted earnings and adjusted earnings per share
from continuing operations $22,815 $
0.78
$
46,928
$
1.53
$82,757 $
2.63
(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. Per-share values may not compute correctly using the
weighted average common shares outstanding value as the denominator due to rounding differences.