Quarterly Financial Data

12 Months Ended

Dec. 31, 2015

20. Quarterly Financial Data (Unaudited)

The Company’s operations are subject to seasonal fluctuations. Net income tends to be highest during the first and fourth calendar quarters when the Company’s typical business cycle causes revenue levels to be seasonally highest. The first quarter benefits from high average loan balances at the beginning of the period, followed by higher loan redemptions. The first quarter also benefits from high merchandise sales, primarily due to customers using federal tax refund proceeds to purchase merchandise in the first quarter. The fourth quarter routinely benefits from the highest levels of pawn loan and consumer loan balances and merchandise sales during the holiday season. The following is a summary of the quarterly results of operations for the years ended December 31, 2015 and 2014 (dollars in thousands, except per share data):



	First Quarter		Second Quarter			Third Quarter			Fourth Quarter
2015^(a)
Total revenue	$	271,762	$	236,464		$	241,190		$	280,075
Cost of revenue	124,671		102,473			106,230			128,973
Net revenue	147,091		133,991			134,960			151,102
Net income attributable to Cash America International, Inc.	7,845		2,071			5,038			12,612
Diluted net income per share	$	0.27	$	0.08		$	0.19		$	0.49
Diluted weighted average common shares	28,780		27,508			26,773			25,865
2014 ^(a)
Total revenue	$	284,635	$	253,608		$	267,010		$	289,443
Cost of revenue	132,162		112,359			122,907			137,718
Net revenue	152,473		141,249			144,103			151,725
Net income (loss) from continuing operations	3,237		(11,746		)	(9,370		)	7,492
Net income from discontinued operations	42,500		32,717			19,286			14,522
Net income attributable to Cash America International, Inc.	45,737		20,971			9,916			22,014
Diluted net income (loss) per share - continuing operations ^(b)	$	0.11	$	(0.41	)	$	(0.32	)	$	0.26
Diluted net income per share - discontinued operations	$	1.44	$	1.12		$	0.66		$	0.50
Diluted net income per share	$	1.55	$	0.72		$	0.34		$	0.75
Diluted weighted average common shares	29,500		29,256			29,312			29,284

^(a)

The sum of the quarterly per share amounts may not sum to each full year amount presented in the Company’s financial statements because these calculations are made independently for each quarter and for the full year and take into account the weighted average number of common shares outstanding for each period, including the effect of dilutive securities for that period. For information about the Company’s calculation of diluted weighted average common shares, see Note 1.


^(b)	Since a net loss exists for the second and third quarters of 2014, all potentially dilutive securities are anti-dilutive and are therefore excluded from the per-share calculations.