Upbound (UPBD) 10-Q 11 Aug 15 2015 Q2 Quarterly report Financial data

Document and Company Informatio

Document and Company Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 05, 2015
Entity Information [Line Items]
Entity Registrant Name	RENT A CENTER INC DE
Entity Central Index Key	933,036
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	RCII
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		53,054,859

Consolidated Statements of Earn

Consolidated Statements of Earnings - Scenario, Unspecified [Domain] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Store
Rentals and fees	$ 704,125	$ 681,749	$ 1,415,575	$ 1,372,936
Merchandise sales	83,286	59,610	219,566	167,671
Installment sales	18,161	17,771	36,414	35,831
Other	4,725	3,734	10,156	7,992
Total store revenues	810,297	762,864	1,681,711	1,584,430
Franchise
Merchandise sales	3,179	3,840	7,566	9,168
Royalty income and fees	1,867	1,722	3,705	3,301
Total revenues	815,343	768,426	1,692,982	1,596,899
Store
Cost of rentals and fees	185,406	174,600	370,524	349,816
Cost of merchandise sold	82,363	47,113	200,085	126,730
Cost of installment sales	6,114	6,075	12,271	12,161
Total cost of store revenues	273,883	227,788	582,880	488,707
Franchise
Franchise cost of merchandise sold	(2,931)	(3,614)	(6,980)	(8,618)
Total cost of revenues	276,814	231,402	589,860	497,325
Gross profit	538,529	537,024	1,103,122	1,099,574
Operating expenses
Labor	212,534	222,269	433,508	448,207
Other store expenses	205,602	205,768	429,777	420,926
General and administrative expenses	45,182	43,592	87,873	85,702
Depreciation, amortization and write-down of intangibles	20,397	20,628	40,161	40,514
Other charges	5,113	4,377	5,504	4,377
Total operating expenses	488,828	496,634	996,823	999,726
Operating profit	49,701	40,390	106,299	99,848
Finance charges from refinancing	0	0	0	4,213
Interest expense	12,143	11,796	24,721	23,197
Interest income	(182)	(245)	(372)	(481)
Earnings before income taxes	37,740	28,839	81,950	72,919
Income tax expense	14,593	11,158	31,505	27,972
NET EARNINGS	$ 23,147	$ 17,681	$ 50,445	$ 44,947
Basic earnings per common share	$ 0.44	$ 0.33	$ 0.95	$ 0.85
Diluted earnings per common share	0.43	0.33	0.95	0.85
Cash dividends declared per common share	$ 0.24	$ 0.23	$ 0.48	$ 0.46

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - Scenario, Unspecified [Domain] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net earnings	$ 23,147	$ 17,681	$ 50,445	$ 44,947
Other comprehensive income (loss):
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(605)	268	(1,382)	171
Total other comprehensive income (loss)	(605)	268	(1,382)	171
COMPREHENSIVE INCOME	$ 22,542	$ 17,949	$ 49,063	$ 45,118

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 70,511	$ 46,126
Receivables, net of allowance for doubtful accounts of $3,043 in 2015 and $4,023 in 2014	63,894	65,492
Prepaid expenses and other assets	74,923	206,150
Rental merchandise, net
On rent	906,175	960,414
Held for rent	272,326	277,442
Merchandise held for installment sale	4,485	4,855
Property assets, net of accumulated depreciation of $467,787 in 2015 and $440,586 in 2014	334,795	332,726
Goodwill	1,375,534	1,370,459
Other intangible assets, net	8,639	7,533
Total Assets	3,111,282	3,271,197
LIABILITIES
Accounts payable - trade	116,702	141,878
Accrued liabilities	346,122	351,812
Deferred income taxes	273,558	345,299
Senior debt	406,193	492,813
Senior notes	550,000	550,000
Total Liabilities	$ 1,692,575	$ 1,881,802
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 250,000,000 shares authorized; 109,423,881 and 109,353,001 shares issued in 2015 and 2014, respectively	$ 1,094	$ 1,094
Additional paid-in capital	818,940	813,178
Retained earnings	1,952,377	1,927,445
Treasury stock at cost, 56,369,752 shares in 2015 and 2014	(1,347,677)	(1,347,677)
Accumulated other comprehensive income (loss)	(6,027)	(4,645)
Total Stockholders' Equity	1,418,707	1,389,395
Total Liabilities and Stockholders' Equity	$ 3,111,282	$ 3,271,197

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Allowance for doubtful accounts	$ 3,043	$ 4,023
Accumulated depreciation, property assets	$ 467,787	$ 440,586
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	250,000,000	250,000,000
Common stock - shares issued	109,423,881	109,353,001
Treasury stock - shares at cost	56,369,752	56,369,752

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - Scenario, Unspecified [Domain] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net earnings	$ 50,445	$ 44,947
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation of rental merchandise	365,644	339,037
Bad debt expense	6,822	6,205
Stock-based compensation expense	4,986	3,462
Depreciation of property assets	37,671	40,288
Loss on sale or disposal of property assets	3,450	2,772
Amortization of intangibles	1,810	1,456
Amortization of financing fees	1,550	1,729
Deferred income taxes	(71,741)	(52,101)
Excess tax benefit related to stock awards	(67)	(157)
Changes in operating assets and liabilities, net of effects of acquisitions
Rental merchandise	(302,785)	(301,721)
Receivables	(5,223)	(7,047)
Prepaid expenses and other assets	129,614	(6,520)
Accounts payable - trade	(25,175)	(935)
Accrued liabilities	(7,767)	(2,454)
Net cash provided by operating activities	189,234	68,961
Cash flows from investing activities
Purchase of property assets	(42,869)	(41,450)
Proceeds from sale of property assets	3,844	3,103
Acquisitions of businesses	(14,071)	(9,300)
Net cash used in investing activities	(53,096)	(47,647)
Cash flows from financing activities
Exercise of stock options	1,155	1,622
Excess tax benefit related to stock awards	67	157
Proceeds from debt	347,730	412,400
Repayments of debt	(434,350)	(385,438)
Dividends paid	(25,493)	(24,307)
Net cash provided (used in) by financing activities	(110,891)	4,434
Effect of exchange rate changes on cash	(862)	46
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	24,385	25,794
Cash and cash equivalents at beginning of period	46,126	42,274
Cash and cash equivalents at end of period	$ 70,511	$ 68,068

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Basis of Presentation [Abstract]
Basis of Presentation	The interim consolidated financial statements of Rent-A-Center, Inc. included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to the SEC’s rules and regulations, although we believe the disclosures are adequate to make the information presented not misleading. We suggest these financial statements be read in conjunction with the financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2014 . In our opinion, the accompanying unaudited interim financial statements contain all adjustments, consisting only of those of a normal recurring nature, necessary to present fairly our results of operations and cash flows for the periods presented. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. These financial statements include the accounts of Rent-A-Center, Inc. and its direct and indirect subsidiaries. All intercompany accounts and transactions have been eliminated. Unless the context indicates otherwise, references to “Rent-A-Center” refer only to Rent-A-Center, Inc., the parent, and references to “we,” “us” and “our” refer to the consolidated business operations of Rent-A-Center and any or all of its direct and indirect subsidiaries. We report four operating segments: Core U.S., Acceptance Now, Mexico and Franchising. Our Core U.S. segment consists of company-owned rent-to-own stores in the United States, Canada and Puerto Rico that lease household durable goods to customers on a rent-to-own basis. We also offer merchandise on an installment sales basis in certain of our stores under the names “Get It Now” and “Home Choice.” Our Acceptance Now segment generally offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks located within such retailers’ locations. Those kiosks can be staffed by an Acceptance Now employee (staffed locations) or employ a virtual solution where customers initiate the rent-to-own transaction online in the retailers' locations using our tablet computer and our virtual solution (direct locations). Our Mexico segment consists of our company-owned rent-to-own stores in Mexico that lease household durable goods to customers on a rent-to-own basis. Our stores in Mexico operate under the name “RAC - La mejor forma de comprar,” which translates as RAC - A better way to buy. Rent-A-Center Franchising International, Inc., an indirect wholly owned subsidiary of Rent-A-Center, is a franchisor of rent-to-own stores. Our Franchising segment’s primary source of revenue is the sale of rental merchandise to its franchisees, who in turn offer the merchandise to the general public for rent or purchase under a rent-to-own transaction. The balance of our Franchising segment’s revenue is generated primarily from royalties based on franchisees’ monthly gross revenues. New Accounting Pronouncements. In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08, Presentation of Financial Statements (Topic 205) and Property Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity , which changes the criteria for identifying a discontinued operation. Under ASU 2014-08, the definition of a discontinued operation is limited to the disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has, or will have, a major effect on an entity's operations and financial results. Rent-A-Center adopted this ASU on January 1, 2015, and it did not have a significant impact on our financial position, results of operations or cash flows. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under ASU 2014-09, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. On July 9, 2015, the FASB approved a one-year deferral of the effective date. The adoption of ASU 2014-09 will be required for Rent-A-Center beginning January 1, 2018, with early adoption permitted as of the original effective date. The ASU allows adoption with either retrospective application to each prior period presented, or retrospective application with the cumulative effect recognized as of the date of initial application. We are currently in the process of determining what impact, if any, the adoption of this ASU will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives. On April 7, 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. ASU 2015-03 will be required for Rent-A-Center for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The new guidance will be applied on a retrospective basis. Adoption will be effective for Rent-A-Center beginning January 1, 2016, and we are currently in the process of determining the impact of the adoption of this ASU on our consolidated balance sheet. There will be no impact to our results of operations or cash flows. From time to time, new accounting pronouncements are issued by the FASB or other standards setting bodies that we adopt as of the specified effective date. Unless otherwise discussed, we believe the impact of any other recently issued standards that are not yet effective are either not applicable to us at this time or will not have a material impact on our consolidated financial statements upon adoption.

Correction of Immaterial Errors

Correction of Immaterial Errors	6 Months Ended
	Jun. 30, 2015
Correction of Immaterial Errors [Abstract]
Correction of Immaterial Errors	Correction of Immaterial Errors During the fourth quarter of 2014, we identified errors in accounting for revenues, cost of revenues and other store expenses resulting in an immaterial correction of errors in our previously issued consolidated financial statements. Each of these errors affected periods beginning prior to 2012 through December 31, 2014. In accordance with Staff Accounting Bulletin (SAB) No. 99, Materiality , and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements , management evaluated the materiality of the errors from qualitative and quantitative perspectives, and concluded that the errors did not, individually or in the aggregate, result in a material misstatement of our previously issued consolidated financial statements. Due to the immaterial nature of the error corrections, the comparable 2014 amounts in the accompanying financial statements have been revised herein as discussed below. The errors discussed above, adjusted for the related income tax expense impact, resulted in an understatement of net earnings of $0.1 million for the three-month period ended June 30, 2014 and an overstatement of net earnings of $1.4 million for the six-month period ended June 30, 2014, as detailed in the table below: Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 (In thousands, except per share data) Previously Reported Adjustment As Revised Previously Reported Adjustment As Revised Rentals and fees $ 684,134 $ (2,385 ) $ 681,749 $ 1,378,302 $ (5,366 ) $ 1,372,936 Installment sales 18,054 (283 ) 17,771 36,410 (579 ) 35,831 Franchise merchandise sales 5,963 (2,123 ) 3,840 13,287 (4,119 ) 9,168 Total revenues 773,217 (4,791 ) 768,426 1,606,963 (10,064 ) 1,596,899 Cost of rentals and fees 177,512 (2,912 ) 174,600 355,382 (5,566 ) 349,816 Cost of installment sales 6,358 (283 ) 6,075 12,740 (579 ) 12,161 Franchise cost of merchandise sold 5,737 (2,123 ) 3,614 12,737 (4,119 ) 8,618 Total cost of revenues 236,720 (5,318 ) 231,402 507,589 (10,264 ) 497,325 Gross profit 536,497 527 537,024 1,099,374 200 1,099,574 Store labor 222,083 186 222,269 447,761 446 448,207 Other store expenses 205,658 110 205,768 421,098 (172 ) 420,926 Operating profit 40,159 231 40,390 99,922 (74 ) 99,848 Finance charges from refinancing — — — 1,946 2,267 4,213 Earnings before income taxes 28,608 231 28,839 75,260 (2,341 ) 72,919 Income tax expense 11,075 83 11,158 28,870 (898 ) 27,972 Net earnings 17,533 148 17,681 46,390 (1,443 ) 44,947 Basic earnings per common share $ 0.33 $ — $ 0.33 $ 0.88 $ (0.03 ) $ 0.85 Diluted earnings per common share $ 0.33 $ — $ 0.33 $ 0.87 $ (0.02 ) $ 0.85 The errors discussed above also resulted in changes to previously reported amounts in our consolidated statements of cash flows. The previously reported changes in operating assets and liabilities in the reconciliation of net income to cash provided by operating activities have been revised as detailed in the table below. These errors had no impact on net cash provided by operating activities: Six Months Ended June 30, 2014 (In thousands, except per share data) Previously Reported Adjustment As Revised Net earnings $ 46,390 $ (1,443 ) $ 44,947 Depreciation of rental merchandise 339,773 (736 ) 339,037 Finance charges from refinancing 1,946 (1,946 ) — Deferred income taxes (51,204 ) (897 ) (52,101 ) Rental merchandise (313,324 ) 11,603 (301,721 ) Receivables (7,039 ) (8 ) (7,047 ) Prepaid expenses and other assets 270 (6,790 ) (6,520 ) Accounts payable - trade (663 ) (272 ) (935 ) Accrued liabilities (2,943 ) 489 (2,454 ) Net cash provided by operating activities 68,961 — 68,961

Senior Debt

Senior Debt	6 Months Ended
	Jun. 30, 2015
Senior Debt [Abstract]
Senior Debt	Senior Debt. On March 19, 2014, we entered into a Credit Agreement (the "Credit Agreement") among the Company, the several lenders from time to time parties to the Credit Agreement, Bank of America, N.A., BBVA Compass Bank, Wells Fargo Bank, National Association and SunTrust Bank, as syndication agents, and JPMorgan Chase Bank, N.A., as administrative agent. The Credit Agreement represents a refinancing of our senior secured debt outstanding under our prior credit agreement, the Fourth Amended and Restated Credit Agreement, dated as of May 28, 2003, as amended and restated as of July 14, 2011, and as amended by the First Amendment dated as of April 13, 2012, among the Company, the several banks and other financial institutions or entities from time to time parties thereto, and JPMorgan Chase Bank, N.A., as administrative agent (as amended, the "Prior Credit Agreement"). The Credit Agreement provided a $900.0 million senior credit facility consisting of $225.0 million in term loans (the "Term Loans") and a $675.0 million revolving credit facility (the "Revolving Facility"). The Term Loans are scheduled to mature on March 19, 2021 , and the Revolving Facility has a scheduled maturity of March 19, 2019 . Also on March 19, 2014, we borrowed $225.0 million in Term Loans and $100.0 million under the Revolving Facility and utilized the proceeds to repay our prior senior secured debt outstanding under the Prior Credit Agreement. The Term Loans are payable in consecutive quarterly installments each in an aggregate principal amount of $562,500 , with a final installment equal to the remaining principal balance of the Term Loans due on March 19, 2021 . The amounts outstanding under the Term Loans and Revolving Facility at June 30, 2015 , were $222.2 million and $170.0 million , respectively. The amounts outstanding under the Term Loan and Revolving Facility at December 31, 2014 , were $223.3 million and $255.0 million , respectively. The full amount of the Revolving Facility may be used for the issuance of letters of credit, of which $104.4 million had been so utilized as of June 30, 2015 , and at which date $400.6 million was available. Borrowings under the Revolving Facility bear interest at varying rates equal to either the Eurodollar rate plus 1.50% to 2.75% , or the prime rate plus 0.50% to 1.75% (ABR), at our election. The margins on the Eurodollar loans and on the ABR loans for borrowings under the Revolving Facility, which were 2.25% and 1.50% , respectively, at June 30, 2015 , may fluctuate based upon an increase or decrease in our consolidated total leverage ratio as defined by a pricing grid included in the Credit Agreement. The margins on the Eurodollar loans and on the ABR loans for Term Loans are 3.00% and 2.00% , respectively, but may also fluctuate in the event the all-in pricing for any subsequent incremental Term Loan exceeds the all-in pricing for prior Term Loans by more than 0.50% per annum. A commitment fee equal to 0.30% to 0.50% of the unused portion of the Revolving Facility is payable quarterly, and fluctuates dependent upon an increase or decrease in our consolidated total leverage ratio. The commitment fee at June 30, 2015 , is equal to 0.50% of the unused portion of the Revolving Facility. Our borrowings under the Credit Agreement are, subject to certain exceptions, secured by a security interest in substantially all of our tangible and intangible assets, including intellectual property, and are also secured by a pledge of the capital stock of our U.S. subsidiaries. The Credit Agreement also permits us to increase the amount of the Term Loans and/or the Revolving Facility from time to time on up to three occasions, in an aggregate amount of no more than $250.0 million , provided that we are not in default at the time and have obtained the consent of the administrative agent and the lenders providing such increase. Subject to a number of exceptions, the Credit Agreement contains, without limitation, covenants that generally limit our ability and the ability of our subsidiaries to: • incur additional debt; • repurchase capital stock, 6.625% notes and 4.75% notes and/or pay cash dividends (subject to a restricted payments basket under which approximately $84.7 million is available at June 30, 2015 ); • incur liens or other encumbrances; • merge, consolidate or sell substantially all property or business; • sell, lease or otherwise transfer assets (other than in the ordinary course of business); • make investments or acquisitions (unless they meet financial tests and other requirements); or • enter into an unrelated line of business. The Credit Agreement requires us to comply with several financial covenants, including: (i) a consolidated total leverage ratio of no greater than 4.50:1 from the quarter ended March 31, 2014, to the quarter ended September 30, 2015, 4.25:1 from the quarter ended December 31, 2015, to the quarter ended September 30, 2016, and 4.00:1 thereafter; (ii) a consolidated senior secured leverage ratio of no greater than 2.75:1; and (iii) a consolidated fixed charge coverage ratio of no less than 1.50:1 from the quarter ended March 31, 2014, to December 31, 2015, and 1.75:1 thereafter. The table below shows the required and actual ratios under the Credit Agreement calculated as of June 30, 2015 : Required Ratio Actual Ratio Consolidated total leverage ratio No greater than 4.50:1 3.09:1 Consolidated senior secured leverage ratio No greater than 2.75:1 1.18:1 Consolidated fixed charge coverage ratio No less than 1.50:1 1.85:1 These financial covenants, as well as the related components of their computation, are defined in the Credit Agreement, which is included as an exhibit to our Current Report on Form 8-K dated as of March 19, 2014. In accordance with the Credit Agreement, the actual consolidated total leverage ratio was calculated by dividing the consolidated funded debt outstanding at June 30, 2015 ( $910.7 million ) by consolidated EBITDA for the 12-month period ending June 30, 2015 ( $294.3 million ). For purposes of the covenant calculations, (i) “consolidated funded debt” is defined as outstanding indebtedness less cash in excess of $25.0 million , and (ii) “consolidated EBITDA” is generally defined as consolidated net income (a) plus the sum of income taxes, interest expense, depreciation and amortization expense, extraordinary non-cash expenses or losses, and other non-cash charges, and (b) minus the sum of interest income, extraordinary income or gains, other non-cash income, and cash payments with respect to extraordinary non-cash expenses or losses recorded in prior fiscal quarters. Consolidated EBITDA is a non-GAAP financial measure that is presented not as a measure of operating results, but rather as a measure used to determine covenant compliance under our senior credit facilities. The actual consolidated senior secured leverage ratio was calculated pursuant to the Credit Agreement by dividing the consolidated senior secured debt outstanding at June 30, 2015 ( $346.7 million ) by consolidated EBITDA for the 12-month period ending June 30, 2015 ( $294.3 million ). For purposes of the covenant calculation, “consolidated senior secured debt” is generally defined as the aggregate principal amount of consolidated funded debt that is then secured by liens on property or assets of the Company or its subsidiaries. The actual consolidated fixed charge coverage ratio was calculated pursuant to the Credit Agreement by dividing the sum of consolidated EBITDA and consolidated lease expense for the 12-month period ending June 30, 2015 ( $535.3 million ), by consolidated fixed charges for the 12-month period ending June 30, 2015 ( $289.5 million ). For purposes of the covenant calculation, “consolidated fixed charges” is defined as the sum of consolidated interest expense and consolidated lease expense. Events of default under the Credit Agreement include customary events, such as a cross-acceleration provision in the event that we default on other debt. In addition, an event of default under the Credit Agreement would occur if a change of control occurs. This is defined to include the case where a third party becomes the beneficial owner of 35% or more of our voting stock or certain changes in the composition of Rent-A-Center’s Board of Directors occur. An event of default would also occur if one or more judgments were entered against us of $50.0 million or more and such judgments were not satisfied or bonded pending appeal within 30 days after entry. We utilize our Revolving Facility for the issuance of letters of credit, as well as to manage normal fluctuations in operational cash flow caused by the timing of cash receipts. In that regard, we may from time to time draw funds under the Revolving Facility for general corporate purposes. Amounts are drawn as needed due to the timing of cash flows and are generally paid down as cash is generated by our operating activities. In addition to the senior credit facilities discussed above, we maintain a $20.0 million unsecured, revolving line of credit with INTRUST Bank, N.A. to facilitate cash management. The outstanding balance of this line of credit was $14.0 million and $14.5 million at June 30, 2015 , and December 31, 2014 , respectively, and generally renews on August 21 of each year. The table below shows the scheduled maturity dates of our outstanding debt at June 30, 2015 : Term Loan Revolving Facility INTRUST Line of Credit Total Year Ending December 31, (In thousands) 2015 $ 1,125 $ — $ 14,005 $ 15,130 2016 2,250 — — 2,250 2017 2,250 — — 2,250 2018 2,250 — — 2,250 2019 2,250 170,000 — 172,250 Thereafter 212,063 — — 212,063 $ 222,188 $ 170,000 $ 14,005 $ 406,193

Subsidiary Guarantors - Senior

Subsidiary Guarantors - Senior Notes	6 Months Ended
	Jun. 30, 2015
Subsidiary Guarantors - Senior Notes [Abstract]
Subsidiary Guarantors - Senior Notes	Subsidiary Guarantors – Senior Notes. Senior Notes Due 2020. On November 2, 2010, we issued $300.0 million in senior unsecured notes due November 2020, bearing interest at 6.625%, pursuant to an indenture dated November 2, 2010, among Rent-A-Center, Inc., its subsidiary guarantors and The Bank of New York Mellon Trust Company, as trustee. A portion of the proceeds of this offering were used to repay approximately $200.0 million of outstanding term debt under our Prior Credit Agreement. The remaining net proceeds were used to repurchase shares of our common stock. Senior Notes Due 2021. On May 2, 2013, we issued $250.0 million in senior unsecured notes due May 2021, bearing interest at 4.75%, pursuant to an indenture dated May 2, 2013, among Rent-A-Center, Inc., its subsidiary guarantors and The Bank of New York Mellon Trust Company, as trustee. A portion of the proceeds of this offering were used to repurchase shares of our common stock under a $200.0 million accelerated stock buyback program. The remaining net proceeds were used to repay outstanding revolving debt under our Prior Credit Agreement. The indentures governing the 6.625% notes and the 4.75% notes are substantially similar. Each indenture contains covenants that limit our ability to: • incur additional debt; • sell assets or our subsidiaries; • grant liens to third parties; • pay cash dividends or repurchase stock (subject to a restricted payment basket under which approximately $84.7 million is available at June 30, 2015 ); and • engage in a merger or sell substantially all of our assets. Events of default under each indenture include customary events, such as a cross-acceleration provision in the event that we default in the payment of other debt due at maturity or upon acceleration for default in an amount exceeding $50.0 million , as well as in the event a judgment is entered against us in excess of $50.0 million that is not discharged, bonded or insured. The 6.625% notes may be redeemed on or after November 15, 2015, at our option, in whole or in part, at a premium declining from 103.313% . The 6.625% notes may be redeemed on or after November 15, 2018, at our option, in whole or in part, at par. The 6.625% notes also require that upon the occurrence of a change of control (as defined in the 2010 indenture), the holders of the notes have the right to require us to repurchase the notes at a price equal to 101% of the original aggregate principal amount, together with accrued and unpaid interest, if any, to the date of repurchase. The 4.75% notes may be redeemed on or after May 1, 2016, at our option, in whole or in part, at a premium declining from 103.563% . The 4.75% notes may be redeemed on or after May 1, 2019, at our option, in whole or in part, at par. The 4.75% notes also require that upon the occurrence of a change of control (as defined in the 2013 indenture), the holders of the notes have the right to require us to repurchase the notes at a price equal to 101% of the original aggregate principal amount, together with accrued and unpaid interest, if any, to the date of repurchase. Any mandatory repurchase of the 6.625% notes and/or the 4.75% notes would trigger an event of default under our Credit Agreement. We are not required to maintain any financial ratios under either of the indentures. Rent-A-Center and its subsidiary guarantors have fully, jointly and severally, and unconditionally guaranteed the obligations of Rent-A-Center with respect to the 6.625% notes and the 4.75% notes. Rent-A-Center has no independent assets or operations, and each subsidiary guarantor is 100% owned directly or indirectly by Rent-A-Center. The only direct or indirect subsidiaries of Rent-A-Center that are not guarantors are minor subsidiaries. There are no restrictions on the ability of any of the subsidiary guarantors to transfer funds to Rent-A-Center in the form of loans, advances or dividends, except as provided by applicable law.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value	Fair Value. We use a three-tier fair value hierarchy, which classifies the inputs used in measuring fair values, in determining the fair value of our non-financial assets and non-financial liabilities, which consist primarily of goodwill. These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. There were no changes in the methods and assumptions used in measuring fair value during the period. At June 30, 2015 , our financial instruments include cash and cash equivalents, receivables, payables, senior debt and senior notes. The carrying amount of cash and cash equivalents, receivables and payables approximates fair value at June 30, 2015 , and December 31, 2014 , because of the short maturities of these instruments. Our senior debt is variable rate debt that re-prices frequently and entails no significant change in credit risk and, as a result, fair value approximates carrying value. The fair value of our senior notes is based on Level 1 inputs and was as follows at June 30, 2015 , and December 31, 2014 , (in thousands): June 30, 2015 December 31, 2014 Carrying Value Fair Value Difference Carrying Value Fair Value Difference 6.625% senior notes $ 300,000 $ 294,750 $ (5,250 ) $ 300,000 $ 284,250 $ (15,750 ) 4.75% senior notes 250,000 218,125 (31,875 ) 250,000 214,375 (35,625 ) Total $ 550,000 $ 512,875 $ (37,125 ) $ 550,000 $ 498,625 $ (51,375 )

Other Charges

Other Charges	6 Months Ended
	Jun. 30, 2015
Restructuring Costs and Asset Impairment Charges [Abstract]
Other Charges	Other Charges. Mexico Store Consolidation Plan. During 2015, management closed 34 stores in Mexico. All of the accounts in the 34 stores closed were merged into existing stores. These store closures resulted in pre-tax restructuring charges of $2.8 million and $3.1 million in the Mexico segment for the three-month and six-month periods ended June 30, 2015 , respectively, for disposal of fixed assets and leasehold improvements and other charges to decommission the stores. Sourcing and Distribution Network Startup Costs. As a result of an agreement with a third-party logistics partner, we incurred approximately $1.7 million of one-time costs to set up warehousing facilities and distribution routes, reflected in the Core U.S. segment. Sale of Stores. In June 2015, we sold six Core U.S. rent-to-own stores in a single transaction, resulting in a $0.6 million loss. Core U.S. Store Consolidation Plan. During the second quarter of 2014, we closed 150 Core U.S. stores and merged those accounts into existing Core U.S. stores, resulting in a pre-tax restructuring charge of $4.4 million during the second quarter of 2014. This charge included approximately $3.2 million of accelerated depreciation expense for fixed assets, leasehold improvements and write-off of merchandise inventory, $0.9 million in early lease termination costs and $0.3 million of other operating costs to decommission the stores.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Information [Abstract]
Segment Information	Segment Information. The operating segments reported below are the segments for which separate financial information is available and for which segment results are evaluated by the chief operating decision makers. Our operating segments are organized based on factors including, but not limited to, type of business transactions, geographic location and store ownership. All operating segments offer merchandise from four basic product categories: consumer electronics, appliances, computers, furniture and accessories. As discussed in Note S to the consolidated financial statements included in our Annual Report on Form 10-K, beginning with the fourth quarter of 2014, we no longer allocate corporate costs and assets to our reportable segments. In the following tables, previously reported 2014 amounts have been revised to present corporate amounts separate from the reportable segments. Segment information for the three months ended June 30, 2015 and 2014 is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenues Revised Revised Core U.S. $ 593,496 $ 594,053 $ 1,222,699 $ 1,230,528 Acceptance Now 200,464 151,153 424,741 320,387 Mexico 16,337 17,658 34,271 33,515 Franchising 5,046 5,562 11,271 12,469 Total revenues $ 815,343 $ 768,426 $ 1,692,982 $ 1,596,899 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Gross profit Revised Revised Core U.S. $ 421,610 $ 432,491 $ 862,750 $ 889,286 Acceptance Now 103,896 89,869 213,060 182,259 Mexico 10,908 12,716 23,021 24,178 Franchising 2,115 1,948 4,291 3,851 Total gross profit $ 538,529 $ 537,024 $ 1,103,122 $ 1,099,574 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Operating profit (loss) Revised Revised Core U.S. $ 66,698 $ 60,193 $ 134,271 $ 133,655 Acceptance Now 31,696 27,255 66,228 56,777 Mexico (7,179 ) (6,482 ) (10,633 ) (12,399 ) Franchising 991 417 2,207 1,023 Total segment operating profit 92,206 81,383 192,073 179,056 Corporate (42,505 ) (40,993 ) (85,774 ) (79,208 ) Total operating profit $ 49,701 $ 40,390 $ 106,299 $ 99,848 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Depreciation, amortization and write-down of intangibles Revised Revised Core U.S. $ 13,084 $ 14,496 $ 25,759 $ 28,336 Acceptance Now 799 676 1,552 1,323 Mexico 1,412 1,733 2,886 3,328 Franchising 46 51 95 86 Total segments 15,341 16,956 30,292 33,073 Corporate 5,056 3,672 9,869 7,441 Total depreciation, amortization and write-down of intangibles $ 20,397 $ 20,628 $ 40,161 $ 40,514 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Capital expenditures Revised Revised Core U.S. $ 5,435 $ 7,387 $ 6,249 $ 17,691 Acceptance Now 545 1,421 828 2,083 Mexico 10 1,393 118 3,488 Total segments 5,990 10,201 7,195 23,262 Corporate 22,634 8,141 35,674 18,188 Total capital expenditures $ 28,624 $ 18,342 $ 42,869 $ 41,450 Segment information - Selected balance sheet data (in thousands): June 30, 2015 December 31, 2014 On rent rental merchandise, net Core U.S. $ 546,753 $ 593,945 Acceptance Now 343,330 345,703 Mexico 16,092 20,766 Total on rent rental merchandise, net $ 906,175 $ 960,414 June 30, 2015 December 31, 2014 Held for rent rental merchandise, net Core U.S. $ 255,564 $ 264,211 Acceptance Now 5,852 4,897 Mexico 10,910 8,334 Total held for rent rental merchandise, net $ 272,326 $ 277,442 June 30, 2015 December 31, 2014 Assets by segment Core U.S. $ 2,477,554 $ 2,519,770 Acceptance Now 419,863 420,660 Mexico 46,701 59,841 Franchising 2,294 2,604 Total segments 2,946,412 3,002,875 Corporate 164,870 268,322 Total assets $ 3,111,282 $ 3,271,197

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation. We recognized $2.8 million and $2.0 million in pre-tax compensation expense related to stock options and restricted stock units during the three-month periods ended June 30, 2015 and 2014 , respectively, and $5.0 million and $3.5 million during the six-month periods ended June 30, 2015 and 2014 . During the six months ended June 30, 2015 , we granted approximately 524,000 stock options, 419,000 performance-based restricted stock units and 163,000 time-vesting restricted stock units. The stock options granted were valued using a Black-Scholes pricing model with the following assumptions: an expected volatility of 30.55% to 40.68% , a risk-free interest rate of 0.98% to 1.76% , an expected dividend yield of 2.6% to 3.5% and an expected life of 3.50 to 9.25 years . The weighted-average exercise price of the options granted during the six months ended June 30, 2015 , was $30.10 and the weighted-average grant-date fair value was $6.95 . Performance-based restricted stock units are valued using a Monte Carlo simulation. Time-vesting restricted stock units are valued using the closing price on the trading day immediately preceding the day of the grant, adjusted for any provisions affecting fair value, such as the lack of dividends or dividend equivalents during the vesting period. The weighted-average grant date fair value of the restricted stock units granted during the six months ended June 30, 2015 , was $27.85 .

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies. From time to time, we, along with our subsidiaries, are party to various legal proceedings arising in the ordinary course of business. We reserve for loss contingencies that are both probable and reasonably estimable. We regularly monitor developments related to these legal proceedings, and review the adequacy of our legal reserves on a quarterly basis. We do not expect these losses to have a material impact on our consolidated financial statements if and when such losses are incurred. We are subject to unclaimed property audits by states in the ordinary course of business. A comprehensive multi-state unclaimed property audit is currently in progress. The property subject to review in this audit process includes unclaimed wages, vendor payments and customer refunds. State escheat laws generally require entities to report and remit abandoned and unclaimed property to the state. Failure to timely report and remit the property can result in assessments that could include interest and penalties, in addition to the payment of the escheat liability itself. We routinely remit escheat payments to states in compliance with applicable escheat laws. Management believes it is too early to determine the ultimate outcome of this audit, as our remediation efforts are still in process.
Guarantees	Our subsidiary, ColorTyme Finance, Inc. (“ColorTyme Finance”), is a party to an agreement with Citibank, N.A., pursuant to which Citibank provides up to $27.0 million in aggregate financing to qualifying franchisees of Franchising. Under the Citibank agreement, upon an event of default by the franchisee under agreements governing this financing and upon the occurrence of certain other events, Citibank can assign the loans and the collateral securing such loans to ColorTyme Finance, with ColorTyme Finance paying or causing to be paid the outstanding debt to Citibank and then succeeding to the rights of Citibank under the debt agreements, including the right to foreclose on the collateral. Rent-A-Center and ColorTyme Finance guarantee the obligations of the franchise borrowers under the Citibank facility. An additional $20.0 million of financing is provided by Texas Capital Bank, National Association under an agreement similar to the Citibank financing, which is guaranteed by Rent-A-Center East, Inc., a subsidiary of Rent-A-Center. The maximum guarantee obligations under these agreements, excluding the effects of any amounts that could be recovered under collateralization provisions, is $47.0 million , of which $14.6 million was outstanding as of June 30, 2015 .

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Common Share. Basic and diluted earnings per common share were calculated as follows (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator: Net earnings $ 23,147 $ 17,681 $ 50,445 $ 44,947 Denominator: Weighted-average shares outstanding 53,039 52,824 53,036 52,809 Effect of dilutive stock awards 322 250 333 238 Weighted-average dilutive shares 53,361 53,074 53,369 53,047 Basic earnings per share $ 0.44 $ 0.33 $ 0.95 $ 0.85 Diluted earnings per share $ 0.43 $ 0.33 $ 0.95 $ 0.85 For the three-month periods ended June 30, 2015 and 2014 , the number of anti-dilutive stock awards that were outstanding but not included in the computation of diluted earnings per common share were 2,041,664 and 2,398,269 , respectively. For the six-month periods ended June 30, 2015 and 2014 , the number of anti-dilutive stock awards that were outstanding but not included in the computation of diluted earnings per common share were 2,041,664 and 2,418,436 , respectively.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Principles of Consolidation	These financial statements include the accounts of Rent-A-Center, Inc. and its direct and indirect subsidiaries. All intercompany accounts and transactions have been eliminated.
New Accounting Pronouncements	In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08, Presentation of Financial Statements (Topic 205) and Property Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity , which changes the criteria for identifying a discontinued operation. Under ASU 2014-08, the definition of a discontinued operation is limited to the disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has, or will have, a major effect on an entity's operations and financial results. Rent-A-Center adopted this ASU on January 1, 2015, and it did not have a significant impact on our financial position, results of operations or cash flows. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under ASU 2014-09, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. On July 9, 2015, the FASB approved a one-year deferral of the effective date. The adoption of ASU 2014-09 will be required for Rent-A-Center beginning January 1, 2018, with early adoption permitted as of the original effective date. The ASU allows adoption with either retrospective application to each prior period presented, or retrospective application with the cumulative effect recognized as of the date of initial application. We are currently in the process of determining what impact, if any, the adoption of this ASU will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives. On April 7, 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. ASU 2015-03 will be required for Rent-A-Center for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The new guidance will be applied on a retrospective basis. Adoption will be effective for Rent-A-Center beginning January 1, 2016, and we are currently in the process of determining the impact of the adoption of this ASU on our consolidated balance sheet. There will be no impact to our results of operations or cash flows. From time to time, new accounting pronouncements are issued by the FASB or other standards setting bodies that we adopt as of the specified effective date. Unless otherwise discussed, we believe the impact of any other recently issued standards that are not yet effective are either not applicable to us at this time or will not have a material impact on our consolidated financial statements upon adoption.

Correction of Immaterial Erro18

Correction of Immaterial Errors (Tables)	6 Months Ended
	Jun. 30, 2015
Correction of Immaterial Errors [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	The errors discussed above, adjusted for the related income tax expense impact, resulted in an understatement of net earnings of $0.1 million for the three-month period ended June 30, 2014 and an overstatement of net earnings of $1.4 million for the six-month period ended June 30, 2014, as detailed in the table below: Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 (In thousands, except per share data) Previously Reported Adjustment As Revised Previously Reported Adjustment As Revised Rentals and fees $ 684,134 $ (2,385 ) $ 681,749 $ 1,378,302 $ (5,366 ) $ 1,372,936 Installment sales 18,054 (283 ) 17,771 36,410 (579 ) 35,831 Franchise merchandise sales 5,963 (2,123 ) 3,840 13,287 (4,119 ) 9,168 Total revenues 773,217 (4,791 ) 768,426 1,606,963 (10,064 ) 1,596,899 Cost of rentals and fees 177,512 (2,912 ) 174,600 355,382 (5,566 ) 349,816 Cost of installment sales 6,358 (283 ) 6,075 12,740 (579 ) 12,161 Franchise cost of merchandise sold 5,737 (2,123 ) 3,614 12,737 (4,119 ) 8,618 Total cost of revenues 236,720 (5,318 ) 231,402 507,589 (10,264 ) 497,325 Gross profit 536,497 527 537,024 1,099,374 200 1,099,574 Store labor 222,083 186 222,269 447,761 446 448,207 Other store expenses 205,658 110 205,768 421,098 (172 ) 420,926 Operating profit 40,159 231 40,390 99,922 (74 ) 99,848 Finance charges from refinancing — — — 1,946 2,267 4,213 Earnings before income taxes 28,608 231 28,839 75,260 (2,341 ) 72,919 Income tax expense 11,075 83 11,158 28,870 (898 ) 27,972 Net earnings 17,533 148 17,681 46,390 (1,443 ) 44,947 Basic earnings per common share $ 0.33 $ — $ 0.33 $ 0.88 $ (0.03 ) $ 0.85 Diluted earnings per common share $ 0.33 $ — $ 0.33 $ 0.87 $ (0.02 ) $ 0.85 The errors discussed above also resulted in changes to previously reported amounts in our consolidated statements of cash flows. The previously reported changes in operating assets and liabilities in the reconciliation of net income to cash provided by operating activities have been revised as detailed in the table below. These errors had no impact on net cash provided by operating activities: Six Months Ended June 30, 2014 (In thousands, except per share data) Previously Reported Adjustment As Revised Net earnings $ 46,390 $ (1,443 ) $ 44,947 Depreciation of rental merchandise 339,773 (736 ) 339,037 Finance charges from refinancing 1,946 (1,946 ) — Deferred income taxes (51,204 ) (897 ) (52,101 ) Rental merchandise (313,324 ) 11,603 (301,721 ) Receivables (7,039 ) (8 ) (7,047 ) Prepaid expenses and other assets 270 (6,790 ) (6,520 ) Accounts payable - trade (663 ) (272 ) (935 ) Accrued liabilities (2,943 ) 489 (2,454 ) Net cash provided by operating activities 68,961 — 68,961

Senior Debt (Tables)

Senior Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Senior Debt [Abstract]
Financial Covenants Ratios	The Credit Agreement requires us to comply with several financial covenants, including: (i) a consolidated total leverage ratio of no greater than 4.50:1 from the quarter ended March 31, 2014, to the quarter ended September 30, 2015, 4.25:1 from the quarter ended December 31, 2015, to the quarter ended September 30, 2016, and 4.00:1 thereafter; (ii) a consolidated senior secured leverage ratio of no greater than 2.75:1; and (iii) a consolidated fixed charge coverage ratio of no less than 1.50:1 from the quarter ended March 31, 2014, to December 31, 2015, and 1.75:1 thereafter. The table below shows the required and actual ratios under the Credit Agreement calculated as of June 30, 2015 : Required Ratio Actual Ratio Consolidated total leverage ratio No greater than 4.50:1 3.09:1 Consolidated senior secured leverage ratio No greater than 2.75:1 1.18:1 Consolidated fixed charge coverage ratio No less than 1.50:1 1.85:1
Schedule of Maturities of Long-term Debt	The table below shows the scheduled maturity dates of our outstanding debt at June 30, 2015 : Term Loan Revolving Facility INTRUST Line of Credit Total Year Ending December 31, (In thousands) 2015 $ 1,125 $ — $ 14,005 $ 15,130 2016 2,250 — — 2,250 2017 2,250 — — 2,250 2018 2,250 — — 2,250 2019 2,250 170,000 — 172,250 Thereafter 212,063 — — 212,063 $ 222,188 $ 170,000 $ 14,005 $ 406,193

Fair Value Fair Value (Tables)

Fair Value Fair Value (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements, Nonrecurring	The fair value of our senior notes is based on Level 1 inputs and was as follows at June 30, 2015 , and December 31, 2014 , (in thousands): June 30, 2015 December 31, 2014 Carrying Value Fair Value Difference Carrying Value Fair Value Difference 6.625% senior notes $ 300,000 $ 294,750 $ (5,250 ) $ 300,000 $ 284,250 $ (15,750 ) 4.75% senior notes 250,000 218,125 (31,875 ) 250,000 214,375 (35,625 ) Total $ 550,000 $ 512,875 $ (37,125 ) $ 550,000 $ 498,625 $ (51,375 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Information [Abstract]
Segment Information	Segment information for the three months ended June 30, 2015 and 2014 is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenues Revised Revised Core U.S. $ 593,496 $ 594,053 $ 1,222,699 $ 1,230,528 Acceptance Now 200,464 151,153 424,741 320,387 Mexico 16,337 17,658 34,271 33,515 Franchising 5,046 5,562 11,271 12,469 Total revenues $ 815,343 $ 768,426 $ 1,692,982 $ 1,596,899 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Gross profit Revised Revised Core U.S. $ 421,610 $ 432,491 $ 862,750 $ 889,286 Acceptance Now 103,896 89,869 213,060 182,259 Mexico 10,908 12,716 23,021 24,178 Franchising 2,115 1,948 4,291 3,851 Total gross profit $ 538,529 $ 537,024 $ 1,103,122 $ 1,099,574 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Operating profit (loss) Revised Revised Core U.S. $ 66,698 $ 60,193 $ 134,271 $ 133,655 Acceptance Now 31,696 27,255 66,228 56,777 Mexico (7,179 ) (6,482 ) (10,633 ) (12,399 ) Franchising 991 417 2,207 1,023 Total segment operating profit 92,206 81,383 192,073 179,056 Corporate (42,505 ) (40,993 ) (85,774 ) (79,208 ) Total operating profit $ 49,701 $ 40,390 $ 106,299 $ 99,848 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Depreciation, amortization and write-down of intangibles Revised Revised Core U.S. $ 13,084 $ 14,496 $ 25,759 $ 28,336 Acceptance Now 799 676 1,552 1,323 Mexico 1,412 1,733 2,886 3,328 Franchising 46 51 95 86 Total segments 15,341 16,956 30,292 33,073 Corporate 5,056 3,672 9,869 7,441 Total depreciation, amortization and write-down of intangibles $ 20,397 $ 20,628 $ 40,161 $ 40,514 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Capital expenditures Revised Revised Core U.S. $ 5,435 $ 7,387 $ 6,249 $ 17,691 Acceptance Now 545 1,421 828 2,083 Mexico 10 1,393 118 3,488 Total segments 5,990 10,201 7,195 23,262 Corporate 22,634 8,141 35,674 18,188 Total capital expenditures $ 28,624 $ 18,342 $ 42,869 $ 41,450 Segment information - Selected balance sheet data (in thousands): June 30, 2015 December 31, 2014 On rent rental merchandise, net Core U.S. $ 546,753 $ 593,945 Acceptance Now 343,330 345,703 Mexico 16,092 20,766 Total on rent rental merchandise, net $ 906,175 $ 960,414 June 30, 2015 December 31, 2014 Held for rent rental merchandise, net Core U.S. $ 255,564 $ 264,211 Acceptance Now 5,852 4,897 Mexico 10,910 8,334 Total held for rent rental merchandise, net $ 272,326 $ 277,442 June 30, 2015 December 31, 2014 Assets by segment Core U.S. $ 2,477,554 $ 2,519,770 Acceptance Now 419,863 420,660 Mexico 46,701 59,841 Franchising 2,294 2,604 Total segments 2,946,412 3,002,875 Corporate 164,870 268,322 Total assets $ 3,111,282 $ 3,271,197

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Basic and diluted earnings per common share were calculated as follows (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator: Net earnings $ 23,147 $ 17,681 $ 50,445 $ 44,947 Denominator: Weighted-average shares outstanding 53,039 52,824 53,036 52,809 Effect of dilutive stock awards 322 250 333 238 Weighted-average dilutive shares 53,361 53,074 53,369 53,047 Basic earnings per share $ 0.44 $ 0.33 $ 0.95 $ 0.85 Diluted earnings per share $ 0.43 $ 0.33 $ 0.95 $ 0.85

Correction of Immaterial Erro23

Correction of Immaterial Errors (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Rentals and fees	$ 704,125	$ 681,749	$ 1,415,575	$ 1,372,936
Installment sales	18,161	17,771	36,414	35,831
Franchise merchandise sales	3,179	3,840	7,566	9,168
Total revenues	815,343	768,426	1,692,982	1,596,899
Cost of rentals and fees	185,406	174,600	370,524	349,816
Cost of installment sales	6,114	6,075	12,271	12,161
Franchise cost of merchandise sold	2,931	3,614	6,980	8,618
Total cost of revenues	276,814	231,402	589,860	497,325
Gross profit	538,529	537,024	1,103,122	1,099,574
Store labor	212,534	222,269	433,508	448,207
Other store expenses	205,602	205,768	429,777	420,926
Operating profit	49,701	40,390	106,299	99,848
Finance charges from refinancing	0	0	0	4,213
Earnings before income taxes	37,740	28,839	81,950	72,919
Income tax expense	14,593	11,158	31,505	27,972
Net earnings	$ 23,147	$ 17,681	$ 50,445	$ 44,947
Basic earnings per common share	$ 0.44	$ 0.33	$ 0.95	$ 0.85
Diluted earnings per common share	$ 0.43	$ 0.33	$ 0.95	$ 0.85
Depreciation of rental merchandise			$ 365,644	$ 339,037
Finance charges from refinancing				0
Deferred income taxes			(71,741)	(52,101)
Rental merchandise			(302,785)	(301,721)
Receivables			(5,223)	(7,047)
Prepaid expenses and other assets			129,614	(6,520)
Accounts payable - trade				(935)
Accrued liabilities			(7,767)	(2,454)
Net cash provided by operating activities			$ 189,234	68,961
Scenario, Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Rentals and fees		$ 684,134		1,378,302
Installment sales		18,054		36,410
Franchise merchandise sales		5,963		13,287
Total revenues		773,217		1,606,963
Cost of rentals and fees		177,512		355,382
Cost of installment sales		6,358		12,740
Franchise cost of merchandise sold		5,737		12,737
Total cost of revenues		236,720		507,589
Gross profit		536,497		1,099,374
Store labor		222,083		447,761
Other store expenses		205,658		421,098
Operating profit		40,159		99,922
Finance charges from refinancing		0		1,946
Earnings before income taxes		28,608		75,260
Income tax expense		11,075		28,870
Net earnings		$ 17,533		$ 46,390
Basic earnings per common share		$ 0.33		$ 0.88
Diluted earnings per common share		$ 0.33		$ 0.87
Depreciation of rental merchandise				$ 339,773
Finance charges from refinancing				1,946
Deferred income taxes				(51,204)
Rental merchandise				(313,324)
Receivables				(7,039)
Prepaid expenses and other assets				270
Accounts payable - trade				(663)
Accrued liabilities				(2,943)
Net cash provided by operating activities				68,961
Restatement Adjustment [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Rentals and fees		$ (2,385)		(5,366)
Installment sales		(283)		(579)
Franchise merchandise sales		(2,123)		(4,119)
Total revenues		(4,791)		(10,064)
Cost of rentals and fees		(2,912)		(5,566)
Cost of installment sales		(283)		(579)
Franchise cost of merchandise sold		(2,123)		(4,119)
Total cost of revenues		(5,318)		(10,264)
Gross profit		527		200
Store labor		186		446
Other store expenses		110		(172)
Operating profit		231		(74)
Finance charges from refinancing		0		2,267
Earnings before income taxes		231		(2,341)
Income tax expense		83		(898)
Net earnings		$ 148		$ (1,443)
Basic earnings per common share		$ 0		$ (0.03)
Diluted earnings per common share		$ 0		$ (0.02)
Depreciation of rental merchandise				$ (736)
Finance charges from refinancing				(1,946)
Deferred income taxes				(897)
Rental merchandise				11,603
Receivables				(8)
Prepaid expenses and other assets				(6,790)
Accounts payable - trade				(272)
Accrued liabilities				489
Net cash provided by operating activities				$ 0

Senior Debt (Details)

Senior Debt (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Senior credit facilities, maximum amount	$ 900,000,000	$ 900,000,000
Senior credit facilities, additional amount allowed	250,000,000	250,000,000
Term loan, maximum facility	225,000,000	225,000,000
Term loan, amount outstanding	222,200,000	222,200,000	$ 223,300,000
Revolving facility, maximum facility	675,000,000	675,000,000
Revolving facility, amount outstanding	170,000,000	170,000,000	255,000,000
Letters of credit, amount outstanding	104,400,000	104,400,000
Letters of credit, amount available	400,600,000	400,600,000
Unsecured line of credit, maximum facility	20,000,000	20,000,000
Unsecured line of credit, amount outstanding	$ 14,000,000	14,000,000	14,500,000
Commitment fee percentage	0.50%
Maturities of Long-term Debt [Abstract]
2,015	$ 15,130,000	15,130,000
2,016	2,250,000	2,250,000
2,017	2,250,000	2,250,000
2,018	2,250,000	2,250,000
2,019	172,250,000	172,250,000
Thereafter	212,063,000	212,063,000
Secured Debt	406,193,000	$ 406,193,000	$ 492,813,000
Initial Borrowing in Term Loans	225,000,000
Initial Borrowing in Revolving Debt	$ 100,000,000
Event of default-3rd party ownership % of our voting stock	35.00%	35.00%
Event of default-not satisfied or bonded judgment in excess of	$ 50,000,000	$ 50,000,000
Maximum period allowed for pending judgment to satisfy or bond (in days)	30	30
Interest Rate [Abstract]
Interest rate terms	Borrowings under the Revolving Facility bear interest at varying rates equal to either the Eurodollar rate plus 1.50% to 2.75% , or the prime rate plus 0.50% to 1.75% (ABR), at our election.
Financial Covenants Ratios (Table Details) [Abstract]
Required consolidated total leverage ratio, maximum	4.50	4.50
Actual consolidated total leverage ratio	3.09	3.09
Required consolidated senior secured leverage ratio, maximum	2.75	2.75
Actual consolidated senior secured leverage ratio	1.18	1.18
Required consolidated fixed charge coverage ratio, minimum	1.5	1.5
Actual consolidated fixed charge coverage ratio	1.85	1.85
Covenants [Abstract]
Covenants for senior credit facilities - amount available under restricted payment basket	$ 84,700,000	$ 84,700,000
Outstanding indebtedness less cash in excess of	25,000,000	25,000,000
Consolidated funded debt outstanding	910,700,000	910,700,000
Consolidated EBITDA		294,300,000
Consolidated senior secured debt outstanding	$ 346,700,000	346,700,000
Adjusted consolidated EBITDA		535,300,000
Consolidated fixed charges		289,500,000
Minimum [Member]
Debt Instrument [Line Items]
Commitment fee percentage	0.30%
Maximum [Member]
Debt Instrument [Line Items]
Commitment fee percentage	0.50%
Eurodollar [Member]
Debt Instrument [Line Items]
Description of variable rate basis	Eurodollar rate
Prime Rate [Member]
Debt Instrument [Line Items]
Description of variable rate basis	prime
Revolving Facility [Member]
Debt Instrument [Line Items]
Maturity date	Mar. 19, 2019
Revolving facility, amount outstanding	$ 170,000,000	170,000,000
Maturities of Long-term Debt [Abstract]
2,015	0	0
2,016	0	0
2,017	0	0
2,018	0	0
2,019	170,000,000	170,000,000
Thereafter	$ 0	$ 0
Revolving Facility [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Margin on Eurodollar rate, actual	2.25%	2.25%
Revolving Facility [Member] | Eurodollar [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	1.50%
Revolving Facility [Member] | Eurodollar [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	2.75%
Revolving Facility [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Margin on Prime Rate, actual	1.50%	1.50%
Revolving Facility [Member] | Prime Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	0.50%
Revolving Facility [Member] | Prime Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	1.75%
Term Loan [Member]
Debt Instrument [Line Items]
Maturity date	Mar. 19, 2021
Margin on Eurodollar rate, actual	3.00%	3.00%
Margin on Prime Rate, actual	2.00%	2.00%
Term loan, amount outstanding	$ 222,188,000	$ 222,188,000
Term Loan, Periodic Payment, Principal	$ 562,500
Term Loan, Frequency of Periodic Payment	quarterly
Maturities of Long-term Debt [Abstract]
2,015	$ 1,125,000	1,125,000
2,016	2,250,000	2,250,000
2,017	2,250,000	2,250,000
2,018	2,250,000	2,250,000
2,019	2,250,000	2,250,000
Thereafter	$ 212,063,000	212,063,000
Line of Credit [Member]
Debt Instrument [Line Items]
Maturity date	Aug. 21, 2015
Unsecured line of credit, amount outstanding	$ 14,005,000	14,005,000
Maturities of Long-term Debt [Abstract]
2,015	14,005,000	14,005,000
2,016	0	0
2,017	0	0
2,018	0	0
2,019	0	0
Thereafter	$ 0	$ 0

Subsidiary Guarantors - Senio25

Subsidiary Guarantors - Senior Notes (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Senior Notes [Line Items]
Carrying value of senior notes	$ 550,000	$ 550,000
Covenants for senior credit facilities - amount available under restricted payment basket	84,700
Event of default for senior notes - failure of other debt payment at maturity in excess of this amount	$ 50,000
Our ownership percentage of subsidiary guarantors of senior notes	100.00%
Event of default for senior notes - not discharged, bonded or insured judgment in excess of this amount	$ 50,000
Senior Notes Due 2020 [Member]
Senior Notes [Line Items]
Carrying value of senior notes	$ 300,000	300,000
Interest rate of senior notes	6.625%
Portion of proceeds from senior notes used to repay outstanding term debt	$ 200,000
Percentage of original aggregate principle amount of senior notes included in repurchase price at change of control	101.00%
Senior Notes Due 2020 [Member] | Senior Notes, Redemption, Period One [Member]
Senior Notes [Line Items]
Senior notes, redemption price, percentage	103.313%
Senior Notes Due 2020 [Member] | Senior Notes, Redemption, Period Four [Member]
Senior Notes [Line Items]
Senior notes, redemption price, percentage	100.00%
Senior Notes Due 2021 [Member]
Senior Notes [Line Items]
Carrying value of senior notes	$ 250,000	$ 250,000
Interest rate of senior notes	4.75%
Portion of proceeds from senior notes used to repurchase shares of common stock	$ 200,000
Percentage of original aggregate principle amount of senior notes included in repurchase price at change of control	101.00%
Senior Notes Due 2021 [Member] | Senior Notes, Redemption, Period One [Member]
Senior Notes [Line Items]
Senior notes, redemption price, percentage	103.563%
Senior Notes Due 2021 [Member] | Senior Notes, Redemption, Period Four [Member]
Senior Notes [Line Items]
Senior notes, redemption price, percentage	100.00%

Income Taxes (Details)

Income Taxes (Details)	Jun. 30, 2015
Income Tax Examination [Line Items]
Number of Issues in Disagreement with Case Law Applied by Internal Revenue Service	0

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	$ 550,000	$ 550,000
Amount of difference between fair value and carrying value	(37,125)	(51,375)
Senior Notes Due 2020 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	300,000	300,000
Amount of difference between fair value and carrying value	(5,250)	(15,750)
Senior Notes Due 2021 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	250,000	250,000
Amount of difference between fair value and carrying value	(31,875)	(35,625)
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior notes	512,875	498,625
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Senior Notes Due 2020 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior notes	294,750	284,250
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Senior Notes Due 2021 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior notes	$ 218,125	$ 214,375

Other Charges (Details)

Other Charges (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Sourcing and distribution start-up costs	$ 1,672		$ 1,672
Gain (Loss) on Disposition of Business	625		$ 625
Core U.S. Store Consolidation Plan [Member] | Core U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed		150
Restructuring charge, total		$ 4,377
Restructuring charge, accelerated depreciation and asset write-off		3,167
Restructuring charge, early lease termination		885
Restructuring charge, store decommissioning		$ 325
Mexico Store Consolidation Plan [Member] | Mexico [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed			34
Restructuring charge, total	$ 2,796		$ 3,094

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenues	$ 815,343	$ 768,426	$ 1,692,982	$ 1,596,899
Gross profit	538,529	537,024	1,103,122	1,099,574
Operating profit	49,701	40,390	106,299	99,848
Depreciation, amortization and write-down of intangibles	20,397	20,628	40,161	40,514
Capital expenditures	28,624	18,342	42,869	41,450
Rental merchandise on rent, net	906,175		906,175		$ 960,414
Rental merchandise held for rent, net	272,326		272,326		277,442
Assets	3,111,282		3,111,282		3,271,197
Core U.S. [Member]
Segment Reporting Information [Line Items]
Revenues	593,496	594,053	1,222,699	1,230,528
Gross profit	421,610	432,491	862,750	889,286
Operating profit	66,698	60,193	134,271	133,655
Depreciation, amortization and write-down of intangibles	13,084	14,496	25,759	28,336
Capital expenditures	5,435	7,387	6,249	17,691
Rental merchandise on rent, net	546,753		546,753		593,945
Rental merchandise held for rent, net	255,564		255,564		264,211
Assets	2,477,554		2,477,554		2,519,770
Acceptance Now [Member]
Segment Reporting Information [Line Items]
Revenues	200,464	151,153	424,741	320,387
Gross profit	103,896	89,869	213,060	182,259
Operating profit	31,696	27,255	66,228	56,777
Depreciation, amortization and write-down of intangibles	799	676	1,552	1,323
Capital expenditures	545	1,421	828	2,083
Rental merchandise on rent, net	343,330		343,330		345,703
Rental merchandise held for rent, net	5,852		5,852		4,897
Assets	419,863		419,863		420,660
Mexico [Member]
Segment Reporting Information [Line Items]
Revenues	16,337	17,658	34,271	33,515
Gross profit	10,908	12,716	23,021	24,178
Operating profit	(7,179)	(6,482)	(10,633)	(12,399)
Depreciation, amortization and write-down of intangibles	1,412	1,733	2,886	3,328
Capital expenditures	10	1,393	118	3,488
Rental merchandise on rent, net	16,092		16,092		20,766
Rental merchandise held for rent, net	10,910		10,910		8,334
Assets	46,701		46,701		59,841
Franchising [Member]
Segment Reporting Information [Line Items]
Revenues	5,046	5,562	11,271	12,469
Gross profit	2,115	1,948	4,291	3,851
Operating profit	991	417	2,207	1,023
Depreciation, amortization and write-down of intangibles	46	51	95	86
Assets	2,294		2,294		2,604
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating profit	92,206	81,383	192,073	179,056
Depreciation, amortization and write-down of intangibles	15,341	16,956	30,292	33,073
Capital expenditures	5,990	10,201	7,195	23,262
Assets	2,946,412		2,946,412		3,002,875
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating profit	(42,505)	(40,993)	(85,774)	(79,208)
Depreciation, amortization and write-down of intangibles	5,056	3,672	9,869	7,441
Capital expenditures	22,634	$ 8,141	35,674	$ 18,188
Assets	$ 164,870		$ 164,870		$ 268,322

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 2,823	$ 1,990	$ 4,986	$ 3,462
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			524,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Based, Grants in Period			419,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			163,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum			30.55%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum			40.68%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum			0.98%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum			1.76%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate, Minimum			2.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate, Maximum			3.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term, Minimum			3 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term, Maximum			9 years 3 months
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 30.10
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value			6.95
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 27.85
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used			Black-Scholes
Performance-based restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used			Monte Carlo

Contingencies (Details)

Contingencies (Details) $ in Millions	Jun. 30, 2015USD ($)
Guarantor Obligations [Line Items]
Maximum financing amount	$ 47
Amount outstanding	14.6
Citibank [Member]
Guarantor Obligations [Line Items]
Maximum financing amount	27
Texas Capital Bank [Member]
Guarantor Obligations [Line Items]
Maximum financing amount	$ 20

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net earnings	$ 23,147	$ 17,681	$ 50,445	$ 44,947
Basic weighted average shares	53,039,000	52,824,000	53,036,000	52,809,000
Basic earnings per common share	$ 0.44	$ 0.33	$ 0.95	$ 0.85
Effect of dilutive stock options	322,000	250,000	333,000	238,000
Diluted weighted average shares	53,361,000	53,074,000	53,369,000	53,047,000
Diluted earnings per common share	$ 0.43	$ 0.33	$ 0.95	$ 0.85
Earnings Per Share (Details) [Abstract]
Number of anti-dilutive stock awards	2,041,664	2,398,269	2,041,664	2,418,436