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Quarterly Financial Data
12 Months Ended
Dec. 31, 2012
Quarterly Financial Data [Abstract]  
Quarterly Financial Data

23. 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. The first quarters benefit from the heavy repayment of pawn loans and consumer loans plus the associated interest and fees on both with tax refund proceeds received by customers in the first quarter each year, and an increase in merchandise disposition activities. The fourth quarter benefits from the seasonally highest levels of pawn loans and consumer loan balances and merchandise dispositions activities associated with the holiday season. The following is a summary of the quarterly results of operations for the years ended December 31, 2012 and 2011 (dollars in thousands, except per share data):

 

    First Second Third Fourth
    Quarter Quarter Quarter Quarter
 2012            
  Total revenue  $ 457,488 $ 411,644 $ 439,694 $ 491,604
  Cost of revenue   200,704  178,036  191,217  224,516
  Net revenue   256,784  233,608  248,477  267,088
  Net income attributable to Cash America International, Inc.(b)  41,467  29,820  11,703  24,480
  Diluted net income per share (a) $1.30 $0.94 $0.37 $0.79
               
  Diluted weighted average common shares   31,912  31,822  31,375  30,884
               
 2011            
  Total revenue  $ 364,864 $ 345,939 $ 398,304 $ 473,957
  Cost of revenue   148,736  136,091  162,850  225,628
  Net revenue   216,128  209,848  235,454  248,329
  Net income attributable to Cash America International, Inc.  36,378  26,981  34,777  37,827
  Diluted net income per share (a) $ 1.13 $ 0.84 $ 1.08 $ 1.18
               
  Diluted weighted average common shares   32,060  31,994  32,248  32,059
               
               
(a)  The sum of the quarterly net income per share amounts may not total to each full year amount presented in the Company's financial statements because these computations 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.
(b)  Net income attributable to Cash America International, Inc. for the third and fourth quarter of 2012 did not follow the normal seasonal trend due to the expenses recognized in connection with the Mexico Reorganization  and the Ohio Reimbursements. See Notes 4 and 15.