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Earnings Per Share Computation
9 Months Ended
Sep. 30, 2012
Earnings Per Share Computation [Abstract]  
Earnings Per Share Computation

8. Earnings Per Share Computation

 

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is 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.

 

       The following table sets forth the reconciliation of numerators and denominators for the basic and diluted earnings per share computation for the three and nine months ended September 30, 2012 and 2011 (dollars and shares in thousands, except per share amounts):

 

    Three Months Ended Nine Months Ended
    September 30, September 30,
    2012  2011 2012  2011 
 Numerator:           
  Net income attributable to Cash America International, Inc. $ 11,703 $ 34,777$ 82,990 $ 98,136 
 Denominator:           
 Total weighted average basic shares (a)  29,536   29,535  29,599   29,626 
  Shares applicable to stock-based compensation(b)  164   278  188   240 
  Convertible debt(c)  1,675   2,435  1,856   2,103 
  Total weighted average diluted shares (d)  31,375   32,248  31,643   31,969 
  
  Net income – basic $ 0.40 $ 1.18$2.80 $3.31 
  Net income – diluted $ 0.37 $ 1.08$2.62 $3.07 
              
(a)a Includes vested restricted stock units of 291 and 237, as well as 31 and 32 shares held in the Company's nonqualified deferred compensation plan for the three months ended September 30, 2012 and 2011, respectively, and vested restricted stock units of 285 and 229, as well as 31 and 32 shares held in the Company's nonqualified deferred compensation plan for the nine months ended September 30, 2012 and 2011, respectively.
(b) Includes shares related to outstanding option awards that are exercisable and shares related to unvested or deferred restricted stock unit awards. For the nine months ended September 30, 2011, there is an immaterial amount of unvested or deferred restricted stock units that are excluded from shares applicable to stock-based compensation because its impact would be anti-dilutive.
(c)a a a The shares issuable with respect to the Company's 2009 Convertible Notes due 2029 (the "2009 Convertible Notes") have been calculated using the treasury stock method. The Company intends to settle the principal portion of the convertible debt in cash; therefore, only the shares related to the conversion spread have been included in weighted average diluted shares.
(d) Except as described in footnote (b), there are no anti-dilutive shares for the three and nine months ended September 30, 2012 and 2011.