Cash America 2014 Annual Report Download - page 70

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55
The table below summarizes the age of merchandise held for disposition related to the Company’s pawn
operations before and after valuation allowance of $2.4 million and $0.9 million as of December 31, 2014 and 2013,
respectively (dollars in thousands):
As of December 31,
2014 2013
Amount %Amount %
Jewelry – held for one year or less $111,963
52.0
%$116,256
55.4
%
Other merchandise – held for one year or less 90,642
42.1
%79,851
38.1
%
Total merchandise held for one year or less 202,605
94.1
%196,107
93.5
%
Jewelry – held for more than one year 3,494
1.6
%6,734
3.2
%
Other merchandise – held for more than one year 9,150
4.3
%7,007
3.3
%
Total merchandise held for more than one year 12,644
5.9
%13,741
6.5
%
Merchandise held for disposition, gross $215,249 100.0%$209,848 100.0
%
Merchandise held for disposition, net of allowance $212,849 $208,899
Consumer Loan Activities
Combined Consumer Loans
In addition to reporting consumer loans owned by the Company and consumer loans guaranteed by the
Company, which are either GAAP items or disclosures required by GAAP, the Company has provided combined
consumer loans, which is a non-GAAP measure. In addition, the Company has reported consumer loans written and
renewed, which is statistical data that is not included in the Company’s financial statements. References throughout
Management’s Discussion and Analysis of Financial Condition and Results of Operations to renewed consumer
loans include both renewals and extensions made by customers to their existing loans in accordance with applicable
laws.
Management believes these non-GAAP measures provide investors with important information needed to
evaluate the magnitude of potential loan losses and the opportunity for revenue performance of the consumer loan
portfolio on an aggregate basis. Management also believes that the comparison of the aggregate amounts from
period to period is more meaningful than comparing only the amounts reflected on the Company’s balance sheet
since both revenue and the loss provision for loans are impacted by the aggregate amount of loans owned by the
Company and those guaranteed by the Company as reflected in its financial statements.