8-K/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
	(Amendment No.1)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of Earliest Event Reported):
February 4, 2015
CASH AMERICA INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Texas	001-9733	75-2018239
(State of incorporation)	(Commission File No.)	(IRS Employer Identification No.)
1600 West 7th Street
Fort Worth, Texas 76102
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (817) 335-1100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Explanatory Note

This Amendment No. 1 on Form 8-K/A amends the Current Report on Form 8-K of Cash America International, Inc. (the “Company”) filed on February 4, 2015 to file the revised unaudited balance sheets of the Company referred to in Item 2.02 below (the “Balance Sheets”). The revisions in the Balance Sheets include amounts related to the accounting treatment for the derecognition of goodwill in connection with the spin-off of the Company’s wholly-owned subsidiary, Enova International, Inc. (“Enova”), on November 13, 2014 (the “Enova Spin-off”). During 2010, the Company realigned its reportable segments and, as a result, changed its reporting units into an e-commerce reporting unit and a retail services reporting unit. As a part of the realignment and in accordance with Accounting Standards Codification (“ASC”) 350-20, Intangibles-Goodwill and Other-Goodwill (“ASC 350-20”), the Company allocated approximately $45 million of goodwill from its e-commerce reporting unit to its retail services reporting unit based on the relative fair values of each of those reporting units at that time (the “Allocated Goodwill”). In connection with the Enova Spin-off, Enova included the Allocated Goodwill in the goodwill balance on Enova’s balance sheet since Enova recorded the carrying value in its goodwill (including the Allocated Goodwill) on its stand-alone financial statements. Following the Enova Spin-off, the Company applied the guidance in ASC 505-60, Equity-Spinoffs and Reverse Spinoffs (“ASC 505-60”), which requires the distribution that occurred in connection with the Enova Spin-off to be recorded based on the carrying value of the subsidiary, in its determination to not also include the Allocated Goodwill in the Company’s goodwill balance on the Balance Sheets. After consulting with the Office of the Chief Accountant of the Securities and Exchange Commission (the “SEC”), the Company has revised the Balance Sheets to apply the guidance in ASC 350-20, which requires the amount of goodwill held in the goodwill balance of the reporting unit at the time of its disposal to be derecognized upon disposal. Since the Allocated Goodwill was held in the retail services reporting unit at the time of the Enova Spin-off, the application of ASC 350-20 requires the Company to continue to recognize the Allocated Goodwill, which has resulted in an increase of approximately $45 million in both the amount of goodwill and total equity recognized by the Company on the Balance Sheets in connection with this issue. The Balance Sheets included in Exhibits 99.1 and 99.2 to the Form 8-K filed with the SEC on February 4, 2015 should no longer be relied upon because they have been revised. The Company’s audited consolidated financial information included in its Annual Report on Form 10-K for the year ended December 31, 2014 will also utilize the guidance set forth in ASC 350‑20.

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

The unaudited consolidated balance sheets as of December 31, 2014 and 2013 and the unaudited consolidated balance sheets for each quarter in 2014 for the Company previously attached as Exhibits 99.1 and 99.2, respectively, to the Current Report on Form 8-K filed with the SEC on February 4, 2015 have been revised. The revised Balance Sheets that are attached hereto as Exhibits 99.1 and 99.2, respectively, include the adjustments discussed above. The unaudited consolidated statements of income and the reconciliations of GAAP measures to non-GAAP measures of the Company that were included on the Current Report on Form 8-K filed on February 4, 2015 have not been revised.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit No.	Description
99.1	Cash America International, Inc. consolidated balance sheets as of December 31, 2014 and 2013
99.2	Cash America International, Inc. consolidated balance sheets as of March 31, 2014, June 30, 2014, September 30, 2014 and December 31, 2014

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CASH AMERICA INTERNATIONAL, INC.

Date:	March 13, 2015	/s/ J. Curtis Linscott
		J. Curtis Linscott
		Executive Vice President,
		General Counsel & Secretary

EXHIBIT INDEX

Exhibit No.	Description
99.1	Cash America International, Inc. consolidated balance sheets as of December 31, 2014 and 2013
99.2	Cash America International, Inc. consolidated balance sheets as of March 31, 2014, June 30, 2014, September 30, 2014 and December 31, 2014

EX-99.1

Exhibit 99.1

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in thousands, except per share data)
(Unaudited)
	December 31,
	2014			2013
Assets
Current assets:
Cash and cash equivalents	$	53,042		$	19,748
Restricted cash	60			8,000
Pawn loans	252,168			261,148
Consumer loans, net	44,853			54,732
Merchandise held for disposition, net	212,849			208,899
Pawn loan fees and service charges receivable	53,648			53,438
Income taxes receivable	8,881			9,573
Prepaid expenses and other assets	21,317			24,969
Deferred tax assets	—			8,448
Note receivable	—			425,413
Investment in equity securities	131,584			—
Current assets of discontinued operations	—			390,589
Total current assets	778,402			1,464,957
Property and equipment, net	201,054			221,818
Goodwill	487,569			495,214
Intangible assets, net	45,828			52,211
Other assets	9,594			14,843
Noncurrent assets of discontinued operations	—			256,101
Total assets	$	1,522,447		$	2,505,144
Liabilities and Equity
Current liabilities:
Accounts payable and accrued expenses	$	74,331		$	88,514
Customer deposits	17,314			14,803
Current portion of long-term debt	—			22,606
Current deferred tax liabilities	27,820			—
Current liabilities of discontinued operations	—			476,967
Total current liabilities	119,465			602,890
Deferred tax liabilities	72,432			56,414
Other liabilities	878			980
Noncurrent liabilities of discontinued operations	—			45,054
Long-term debt	196,470			717,383
Total liabilities	389,245			1,422,721
Equity:
Cash America International, Inc. equity:
Common stock, $0.10 par value per share, 80,000,000 shares authorized, 30,235,164 shares issued and outstanding	3,024			3,024
Additional paid-in capital	86,388			150,833
Retained earnings	1,030,387			1,017,981
Accumulated other comprehensive income	71,959			4,649
Treasury shares, at cost (1,428,495 shares and 2,224,902 shares as of December 31, 2014 and 2013, respectively)	(58,556		)	(94,064		)
Total equity	1,133,202			1,082,423
Total liabilities and equity	$	1,522,447		$	2,505,144

EX-99.2

Exhibit 99.2

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in thousands, except per share data)
(Unaudited)
	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014
Assets
Current assets:
Cash and cash equivalents	$	20,197		$	113,130		$	19,291		$	53,042
Restricted cash	8,000			60			60			60
Pawn loans	218,093			263,668			264,612			252,168
Consumer loans, net	40,843			45,994			44,531			44,853
Merchandise held for disposition, net	192,936			198,919			215,263			212,849
Pawn loan fees and service charges receivable	43,814			51,986			54,501			53,648
Income taxes receivable	—			9			—			8,881
Prepaid expenses and other assets	26,967			40,207			34,502			21,317
Deferred tax assets	7,778			8,981			9,562			—
Note receivable	376,872			—			—			—
Investment in equity securities	—			—			—			131,584
Current assets of discontinued operations	372,117			411,347			447,187			—
Total current assets	1,307,617			1,134,301			1,089,509			778,402
Property and equipment, net	219,107			217,407			209,784			201,054
Goodwill	495,130			495,672			488,700			487,569
Intangible assets, net	50,569			49,121			47,472			45,828
Other assets	14,378			13,116			10,560			9,594
Noncurrent assets of discontinued operations	255,698			270,720			267,689			—
Total assets	$	2,342,499		$	2,180,337		$	2,113,714		$	1,522,447
Liabilities and Equity
Current liabilities:
Accounts payable and accrued expenses	$	67,432		$	69,055		$	69,410		$	74,331
Customer deposits	17,227			18,295			19,271			17,314
Income taxes currently payable	4,235			—			1,414			—
Current portion of long-term debt	22,606			—			—			—
Current deferred tax liabilities	—			—			—			27,820
Current liabilities of discontinued operations	415,183			62,813			85,295			—
Total current liabilities	526,683			150,163			175,390			119,465
Deferred tax liabilities	63,186			64,398			64,968			72,432
Other liabilities	859			1,161			1,019			878
Noncurrent liabilities of discontinued operations	46,679			542,729			539,782			—
Long-term debt	607,650			300,000			206,022			196,470
Total liabilities	1,245,057			1,058,451			987,181			389,245
Equity:
Cash America International, Inc. equity:
Common stock, $0.10 par value per share, 80,000,000 shares authorized, 30,235,164 shares issued and outstanding	3,024			3,024			3,024			3,024
Additional paid-in capital	116,726			86,184			87,718			86,388
Retained earnings	1,062,737			1,082,725			1,091,629			1,030,387
Accumulated other comprehensive income	5,182			7,998			2,073			71,959
Treasury shares, at cost (2,140,368 shares, 1,382,602 shares, 1,379,345 shares and 1,428,495 shares as of March 31, 2014, June 30, 2014, September 30, 2014, and December 31, 2014, respectively)	(90,227		)	(58,045		)	(57,911		)	(58,556		)
Total equity	1,097,442			1,121,886			1,126,533			1,133,202
Total liabilities and equity	$	2,342,499		$	2,180,337		$	2,113,714		$	1,522,447