Upbound (UPBD) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Company Informatio

Document and Company Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 02, 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	Sep. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
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		53,068,172

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Store
Rentals and fees	$ 683,343	$ 675,342	$ 2,098,918	$ 2,048,278
Merchandise sales	80,932	58,477	300,498	226,148
Installment sales	17,786	17,822	54,200	53,653
Other	4,475	6,384	14,631	14,376
Total store revenues	786,536	758,025	2,468,247	2,342,455
Franchise
Merchandise sales	2,456	4,477	10,022	13,645
Royalty income and fees	2,613	1,861	6,318	5,162
Total revenues	791,605	764,363	2,484,587	2,361,262
Store
Cost of rentals and fees	178,094	174,041	548,618	523,857
Cost of merchandise sold	82,043	47,569	282,128	174,299
Cost of installment sales	5,854	5,867	18,125	18,028
Total cost of store revenues	265,991	227,477	848,871	716,184
Other charges and (credits)	34,698	(7,072)	34,698	(7,072)
Franchise
Franchise cost of merchandise sold	2,304	4,200	9,284	12,818
Total cost of revenues	302,993	224,605	892,853	721,930
Gross profit	488,612	539,758	1,591,734	1,639,332
Operating expenses
Labor	209,904	218,623	643,412	666,830
Other store expenses	201,638	208,424	631,415	629,350
General and administrative expenses	39,590	39,130	127,463	124,832
Depreciation, amortization and write-down of intangibles	19,979	19,918	60,140	60,432
Other charges	10,936	7,743	16,440	12,120
Total operating expenses	482,047	493,838	1,478,870	1,493,564
Operating profit	6,565	45,920	112,864	145,768
Finance charges from refinancing	0	0	0	4,213
Interest expense	12,490	11,981	37,211	35,178
Interest income	(153)	(200)	(525)	(681)
Earnings (loss) before income taxes	(5,772)	34,139	76,178	107,058
Income tax expense (benefit)	(1,680)	8,214	29,825	36,186
NET EARNINGS (LOSS)	$ (4,092)	$ 25,925	$ 46,353	$ 70,872
Basic earnings (loss) per common share	$ (0.08)	$ 0.49	$ 0.87	$ 1.34
Diluted earnings (loss) per common share	(0.08)	0.49	0.87	1.34
Cash dividends declared per common share	$ 0.24	$ 0.23	$ 0.72	$ 0.69

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net earnings (loss)	$ (4,092)	$ 25,925	$ 46,353	$ 70,872
Other comprehensive loss:
Foreign currency translation adjustments	(1,926)	(1,372)	(3,308)	(1,201)
Total other comprehensive loss	(1,926)	(1,372)	(3,308)	(1,201)
COMPREHENSIVE INCOME (LOSS)	$ (6,018)	$ 24,553	$ 43,045	$ 69,671

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 60,072	$ 46,126
Receivables, net of allowance for doubtful accounts of $3,308 in 2015 and $4,023 in 2014	63,252	65,492
Prepaid expenses and other assets	75,538	206,150
Rental merchandise, net
On rent	849,234	960,414
Held for rent	272,225	277,442
Merchandise held for installment sale	4,485	4,855
Property assets, net of accumulated depreciation of $468,507 in 2015 and $440,586 in 2014	331,331	332,726
Goodwill	1,374,621	1,370,459
Other intangible assets, net	8,198	7,533
Total Assets	3,038,956	3,271,197
LIABILITIES
Accounts payable - trade	112,949	141,878
Accrued liabilities	367,478	351,812
Deferred income taxes	241,866	345,299
Senior debt	371,625	492,813
Senior notes	542,740	550,000
Total Liabilities	$ 1,636,658	$ 1,881,802
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 250,000,000 shares authorized; 109,436,174 and 109,353,001 shares issued in 2015 and 2014, respectively	$ 1,094	$ 1,094
Additional paid-in capital	821,310	813,178
Retained earnings	1,935,524	1,927,445
Treasury stock at cost, 56,369,752 shares in 2015 and 2014	(1,347,677)	(1,347,677)
Accumulated other comprehensive loss	(7,953)	(4,645)
Total Stockholders' Equity	1,402,298	1,389,395
Total Liabilities and Stockholders' Equity	$ 3,038,956	$ 3,271,197

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Allowance for doubtful accounts	$ 3,308	$ 4,023
Accumulated depreciation, property assets	$ 468,507	$ 440,586
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	250,000,000	250,000,000
Common stock - shares issued	109,436,174	109,353,001
Treasury stock - shares at cost	56,369,752	56,369,752

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net earnings	$ 46,353	$ 70,872
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation of rental merchandise	541,603	508,178
Bad debt expense	10,850	10,827
Stock-based compensation expense	6,948	5,377
Depreciation of property assets	56,855	58,824
Loss on sale or disposal of property assets	9,672	7,740
Amortization of intangibles	2,605	2,203
Amortization of financing fees	2,339	2,601
Deferred income taxes	(103,433)	(65,330)
Excess tax benefit related to stock awards	(84)	(240)
Changes in operating assets and liabilities, net of effects of acquisitions
Rental merchandise	(428,099)	(539,350)
Receivables	(8,610)	(20,345)
Prepaid expenses and other assets	128,212	(6,805)
Accounts payable - trade	(28,929)	23,227
Accrued liabilities	13,013	5,484
Net cash provided by operating activities	249,295	63,263
Cash flows from investing activities
Purchase of property assets	(61,125)	(61,733)
Proceeds from sale of property assets	12,165	6,012
Acquisitions of businesses	(19,063)	(12,497)
Net cash used in investing activities	(68,023)	(68,218)
Cash flows from financing activities
Exercise of stock options	1,394	2,417
Excess tax benefit related to stock awards	84	240
Proceeds from debt	390,535	568,880
Repayments of debt	(518,983)	(510,020)
Dividends paid	(38,251)	(36,479)
Net cash provided (used in) by financing activities	(165,221)	25,038
Effect of exchange rate changes on cash	(2,105)	(399)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	13,946	19,684
Cash and cash equivalents at beginning of period	46,126	42,274
Cash and cash equivalents at end of period	$ 60,072	$ 61,958

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 $0.6 million for the three-month period ended September 30, 2014 and an overstatement of net earnings of $0.8 million for the nine-month period ended September 30, 2014, as detailed in the table below: Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 (In thousands, except per share data) Previously Reported Adjustment As Revised Previously Reported Adjustment As Revised Rentals and fees $ 678,190 $ (2,848 ) $ 675,342 $ 2,056,492 $ (8,214 ) $ 2,048,278 Installment sales 18,089 (267 ) 17,822 54,499 (846 ) 53,653 Franchise merchandise sales 6,524 (2,047 ) 4,477 19,811 (6,166 ) 13,645 Total revenues 769,525 (5,162 ) 764,363 2,376,488 (15,226 ) 2,361,262 Cost of rentals and fees 177,208 (3,167 ) 174,041 532,590 (8,733 ) 523,857 Cost of installment sales 6,134 (267 ) 5,867 18,874 (846 ) 18,028 Franchise cost of merchandise sold 6,247 (2,047 ) 4,200 18,984 (6,166 ) 12,818 Total cost of revenues 230,086 (5,481 ) 224,605 737,675 (15,745 ) 721,930 Gross profit 539,439 319 539,758 1,638,813 519 1,639,332 Store labor 218,523 100 218,623 666,284 546 666,830 Other store expenses 209,302 (878 ) 208,424 630,400 (1,050 ) 629,350 Operating profit 44,823 1,097 45,920 144,745 1,023 145,768 Finance charges from refinancing — — — 1,946 2,267 4,213 Earnings before income taxes 33,042 1,097 34,139 108,302 (1,244 ) 107,058 Income tax expense 7,736 478 8,214 36,606 (420 ) 36,186 Net earnings 25,306 619 25,925 71,696 (824 ) 70,872 Basic earnings per common share $ 0.48 $ 0.01 $ 0.49 $ 1.36 $ (0.02 ) $ 1.34 Diluted earnings per common share $ 0.48 $ 0.01 $ 0.49 $ 1.35 $ (0.01 ) $ 1.34 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: Nine Months Ended September 30, 2014 (In thousands, except per share data) Previously Reported Adjustment As Revised Net earnings $ 71,696 $ (824 ) $ 70,872 Depreciation of rental merchandise 509,596 (1,418 ) 508,178 Finance charges from refinancing 1,946 (1,946 ) — Deferred income taxes (64,912 ) (418 ) (65,330 ) Rental merchandise (515,166 ) (24,184 ) (539,350 ) Receivables (20,307 ) (38 ) (20,345 ) Prepaid expenses and other assets (11,017 ) 4,212 (6,805 ) Accounts payable - trade (3,407 ) 26,634 23,227 Accrued liabilities 7,502 (2,018 ) 5,484 Net cash provided by operating activities 63,263 — 63,263

Senior Debt

Senior Debt	9 Months Ended
	Sep. 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 September 30, 2015 , were $221.6 million and $150.0 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 $92.3 million had been so utilized as of September 30, 2015 , and at which date $432.7 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 2.50% and 1.50% , respectively, at September 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 September 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 $60.9 million is available at September 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 September 30, 2015 : Required Ratio Actual Ratio Consolidated total leverage ratio No greater than 4.50:1 2.93:1 Consolidated senior secured leverage ratio No greater than 2.75:1 1.12:1 Consolidated fixed charge coverage ratio No less than 1.50:1 1.86:1 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 September 30, 2015 ( $879.3 million ) by consolidated EBITDA for the 12-month period ending September 30, 2015 ( $300.0 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 September 30, 2015 ( $336.6 million ) by consolidated EBITDA for the 12-month period ending September 30, 2015 ( $300.0 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 September 30, 2015 ( $542.6 million ), by consolidated fixed charges for the 12-month period ending September 30, 2015 ( $291.7 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 $0.0 million and $14.5 million at September 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 September 30, 2015 : Term Loan Revolving Facility INTRUST Line of Credit Total Year Ending December 31, (In thousands) 2015 $ 562 $ — $ — $ 562 2016 2,250 — — 2,250 2017 2,250 — — 2,250 2018 2,250 — — 2,250 2019 2,250 150,000 — 152,250 Thereafter 212,063 — — 212,063 $ 221,625 $ 150,000 $ — $ 371,625

Subsidiary Guarantors - Senior

Subsidiary Guarantors - Senior Notes	9 Months Ended
	Sep. 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. The principal amount of the 6.625% notes outstanding as of September 30, 2015 and December 31, 2014 were $292.7 million and $300.0 million , respectively. During the third quarter of 2015, we repurchased $7.3 million of these bonds in the open market at a price of 99.5 plus accrued interest. 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 payments basket under which approximately $68.2 million is available at September 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	9 Months Ended
	Sep. 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 September 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 September 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 September 30, 2015 , and December 31, 2014 , (in thousands): September 30, 2015 December 31, 2014 Carrying Value Fair Value Difference Carrying Value Fair Value Difference 6.625% senior notes $ 292,740 $ 285,773 $ (6,967 ) $ 300,000 $ 284,250 $ (15,750 ) 4.75% senior notes 250,000 213,125 (36,875 ) 250,000 214,375 (35,625 ) Total $ 542,740 $ 498,898 $ (43,842 ) $ 550,000 $ 498,625 $ (51,375 )

Other Charges and (Credits) - C

Other Charges and (Credits) - Cost of Revenues	9 Months Ended
	Sep. 30, 2015
Other Charges and (Credits) - Cost of Revenues [Abstract]
Other COGS Special Items	Other Charges and (Credits) - Cost of Revenues. Write-down of Rental Merchandise. During the quarter ended September 30, 2015, we projected that we would not recover the carrying value of certain smartphones. We recorded a $34.7 million impairment charge, included in cost of revenues in the accompanying statement of operations. This charge resulted in a reduction of on rent and held for rent merchandise of $10.3 million and $24.4 million , respectively, at September 30, 2015. Vendor Settlement Credit. We participated in an anti-trust class-action suit as an entity that indirectly purchased liquid-crystal displays from certain manufacturers during the period from 1999 to 2006. We received net proceeds pursuant to a negotiated settlement of this matter based on the number of LCD units purchased during that time period. The settlement proceeds are reported as a reduction to cost of goods sold in the consolidated statements of earnings in the amount of $7.1 million for the three- and nine-month periods ended September 30, 2014 , and a receivable in that amount is included in prepaid expenses and other assets at September 30, 2014, in the consolidated balance sheets.

Other Charges - Operating Expen

Other Charges - Operating Expenses	9 Months Ended
	Sep. 30, 2015
Restructuring Costs and Asset Impairment Charges [Abstract]
Other Charges - Operating Expenses	Other Charges - Operating Expenses. Sale of Stores. During the third quarter, we incurred pre-tax losses of $4.9 million on the sale of 22 Core U.S. stores to a franchisee and $0.3 million on the sale of 14 Core U.S. stores in Canada. We also incurred pre-tax losses of $0.3 million and $0.9 million for the three- and nine-month periods ended September 30, 2015, respectively, on the sale of 6 stores during the second quarter and three stores during the third quarter. Core U.S. Store Consolidation Plans. During the third quarter of 2015, we closed 65 Core U.S. stores and merged those accounts into existing Core U.S. stores, resulting in a pre-tax restructuring charge of $4.3 million . This charge included approximately $1.2 million of accelerated depreciation expense for fixed assets, leasehold improvements and write-off of merchandise inventory, $2.7 million in early lease termination costs and $0.3 million of other operating costs to decommission the stores. 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 $0.4 million and $4.8 million during the three- and nine-month periods ended September 30, 2014. This included approximately $3.2 million of accelerated depreciation expense for fixed assets, leasehold improvements and write-off of merchandise inventory, $1.3 million in early lease termination costs and $0.3 million of other operating costs to decommission the stores. Mexico Store Consolidation Plan. During 2015, we closed 34 stores in Mexico and merged those accounts into existing Mexico stores. These store closures resulted in pre-tax restructuring charges of $0 and $3.1 million in the Mexico segment for the three- and nine-month periods ended September 30, 2015 , for disposal of fixed assets and leasehold improvements and other charges to decommission the stores. Sourcing and Distribution Network Startup Costs. As part of our transformational sourcing and distribution initiative, we entered into an agreement with a third-party logistics partner. As a result, we incurred one-time costs to set up new warehousing facilities and distribution routes in the second quarter and we incurred other charges in the third quarter to close existing warehouse space and terminate employees. The pre-tax charges for these items were approximately $1.2 million and $2.8 million for the three- and nine-month periods ended September 30, 2015, respectively, reflected in the Core U.S. segment.

Segment Information

Segment Information	9 Months Ended
	Sep. 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 September 30, 2015 and 2014 is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues Revised Revised Core U.S. $ 575,356 $ 583,616 $ 1,798,055 $ 1,814,144 Acceptance Now 196,652 155,278 621,393 475,665 Mexico 14,528 19,131 48,799 52,646 Franchising 5,069 6,338 16,340 18,807 Total revenues $ 791,605 $ 764,363 $ 2,484,587 $ 2,361,262 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Gross profit Revised Revised Core U.S. $ 374,214 $ 431,689 $ 1,236,964 $ 1,320,975 Acceptance Now 102,133 92,378 315,193 274,637 Mexico 9,500 13,553 32,521 37,731 Franchising 2,765 2,138 7,056 5,989 Total gross profit $ 488,612 $ 539,758 $ 1,591,734 $ 1,639,332 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Operating profit Revised Revised Core U.S. $ 15,700 $ 63,448 $ 149,971 $ 197,103 Acceptance Now 28,901 29,938 95,129 86,715 Mexico (2,359 ) (4,529 ) (12,992 ) (16,928 ) Franchising 1,797 1,168 4,004 2,191 Total segment operating profit 44,039 90,025 236,112 269,081 Corporate (37,474 ) (44,105 ) (123,248 ) (123,313 ) Total operating profit $ 6,565 $ 45,920 $ 112,864 $ 145,768 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Depreciation, amortization and write-down of intangibles Revised Revised Core U.S. $ 11,818 $ 13,671 $ 37,577 $ 42,007 Acceptance Now 836 697 2,388 2,020 Mexico 1,165 1,714 4,051 5,042 Franchising 45 49 140 135 Total segments 13,864 16,131 44,156 49,204 Corporate 6,115 3,787 15,984 11,228 Total depreciation, amortization and write-down of intangibles $ 19,979 $ 19,918 $ 60,140 $ 60,432 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Capital expenditures Revised Revised Core U.S. $ 6,148 $ 5,637 $ 12,397 $ 23,328 Acceptance Now 921 448 1,749 2,531 Mexico 16 438 134 3,926 Total segments 7,085 6,523 14,280 29,785 Corporate 11,171 13,760 46,845 31,948 Total capital expenditures $ 18,256 $ 20,283 $ 61,125 $ 61,733 Segment information - Selected balance sheet data (in thousands): September 30, 2015 December 31, 2014 On rent rental merchandise, net Core U.S. $ 496,524 $ 593,945 Acceptance Now 334,167 345,703 Mexico 18,543 20,766 Total on rent rental merchandise, net $ 849,234 $ 960,414 September 30, 2015 December 31, 2014 Held for rent rental merchandise, net Core U.S. $ 260,563 $ 264,211 Acceptance Now 6,354 4,897 Mexico 5,308 8,334 Total held for rent rental merchandise, net $ 272,225 $ 277,442 September 30, 2015 December 31, 2014 Assets by segment Core U.S. $ 2,404,391 $ 2,519,770 Acceptance Now 410,892 420,660 Mexico 39,923 59,841 Franchising 1,840 2,604 Total segments 2,857,046 3,002,875 Corporate 181,910 268,322 Total assets $ 3,038,956 $ 3,271,197

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2015
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation. We recognized $2.0 million and $1.9 million in pre-tax compensation expense related to stock options and restricted stock units during the three-month periods ended September 30, 2015 and 2014 , respectively, and $6.9 million and $5.4 million during the nine-month periods ended September 30, 2015 and 2014 , respectively. During the nine months ended September 30, 2015 , we granted approximately 653,000 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 1.87% , 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 nine months ended September 30, 2015 , was $29.75 and the weighted-average grant-date fair value was $6.74 . 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 nine months ended September 30, 2015 , was $27.85 .

Contingencies

Contingencies	9 Months Ended
	Sep. 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 $13.2 million was outstanding as of September 30, 2015 .

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings (Loss) Per Common Share. Basic and diluted earnings (loss) per common share were calculated as follows (in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Numerator: Net earnings (loss) $ (4,092 ) $ 25,925 $ 46,353 $ 70,872 Denominator: Weighted-average shares outstanding 53,060 52,864 53,044 52,828 Effect of dilutive stock awards 273 250 313 241 Weighted-average dilutive shares 53,333 53,114 53,357 53,069 Basic earnings (loss) per share $ (0.08 ) $ 0.49 $ 0.87 $ 1.34 Diluted earnings (loss) per share $ (0.08 ) $ 0.49 $ 0.87 $ 1.34 Diluted loss per share for the three months ended September 30, 2015, did not include the effect of dilutive stock awards because the result would have been anti-dilutive. For the three-month periods ended September 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 2,676,685 and 2,507,547 , respectively. For the nine-month periods ended September 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 2,302,669 and 2,513,948 , respectively.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 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 Erro19

Correction of Immaterial Errors (Tables)	9 Months Ended
	Sep. 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 $0.6 million for the three-month period ended September 30, 2014 and an overstatement of net earnings of $0.8 million for the nine-month period ended September 30, 2014, as detailed in the table below: Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 (In thousands, except per share data) Previously Reported Adjustment As Revised Previously Reported Adjustment As Revised Rentals and fees $ 678,190 $ (2,848 ) $ 675,342 $ 2,056,492 $ (8,214 ) $ 2,048,278 Installment sales 18,089 (267 ) 17,822 54,499 (846 ) 53,653 Franchise merchandise sales 6,524 (2,047 ) 4,477 19,811 (6,166 ) 13,645 Total revenues 769,525 (5,162 ) 764,363 2,376,488 (15,226 ) 2,361,262 Cost of rentals and fees 177,208 (3,167 ) 174,041 532,590 (8,733 ) 523,857 Cost of installment sales 6,134 (267 ) 5,867 18,874 (846 ) 18,028 Franchise cost of merchandise sold 6,247 (2,047 ) 4,200 18,984 (6,166 ) 12,818 Total cost of revenues 230,086 (5,481 ) 224,605 737,675 (15,745 ) 721,930 Gross profit 539,439 319 539,758 1,638,813 519 1,639,332 Store labor 218,523 100 218,623 666,284 546 666,830 Other store expenses 209,302 (878 ) 208,424 630,400 (1,050 ) 629,350 Operating profit 44,823 1,097 45,920 144,745 1,023 145,768 Finance charges from refinancing — — — 1,946 2,267 4,213 Earnings before income taxes 33,042 1,097 34,139 108,302 (1,244 ) 107,058 Income tax expense 7,736 478 8,214 36,606 (420 ) 36,186 Net earnings 25,306 619 25,925 71,696 (824 ) 70,872 Basic earnings per common share $ 0.48 $ 0.01 $ 0.49 $ 1.36 $ (0.02 ) $ 1.34 Diluted earnings per common share $ 0.48 $ 0.01 $ 0.49 $ 1.35 $ (0.01 ) $ 1.34 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: Nine Months Ended September 30, 2014 (In thousands, except per share data) Previously Reported Adjustment As Revised Net earnings $ 71,696 $ (824 ) $ 70,872 Depreciation of rental merchandise 509,596 (1,418 ) 508,178 Finance charges from refinancing 1,946 (1,946 ) — Deferred income taxes (64,912 ) (418 ) (65,330 ) Rental merchandise (515,166 ) (24,184 ) (539,350 ) Receivables (20,307 ) (38 ) (20,345 ) Prepaid expenses and other assets (11,017 ) 4,212 (6,805 ) Accounts payable - trade (3,407 ) 26,634 23,227 Accrued liabilities 7,502 (2,018 ) 5,484 Net cash provided by operating activities 63,263 — 63,263

Senior Debt (Tables)

Senior Debt (Tables)	9 Months Ended
	Sep. 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 September 30, 2015 : Required Ratio Actual Ratio Consolidated total leverage ratio No greater than 4.50:1 2.93:1 Consolidated senior secured leverage ratio No greater than 2.75:1 1.12:1 Consolidated fixed charge coverage ratio No less than 1.50:1 1.86:1
Schedule of Maturities of Long-term Debt	The table below shows the scheduled maturity dates of our outstanding debt at September 30, 2015 : Term Loan Revolving Facility INTRUST Line of Credit Total Year Ending December 31, (In thousands) 2015 $ 562 $ — $ — $ 562 2016 2,250 — — 2,250 2017 2,250 — — 2,250 2018 2,250 — — 2,250 2019 2,250 150,000 — 152,250 Thereafter 212,063 — — 212,063 $ 221,625 $ 150,000 $ — $ 371,625

Fair Value Fair Value (Tables)

Fair Value Fair Value (Tables)	9 Months Ended
	Sep. 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 September 30, 2015 , and December 31, 2014 , (in thousands): September 30, 2015 December 31, 2014 Carrying Value Fair Value Difference Carrying Value Fair Value Difference 6.625% senior notes $ 292,740 $ 285,773 $ (6,967 ) $ 300,000 $ 284,250 $ (15,750 ) 4.75% senior notes 250,000 213,125 (36,875 ) 250,000 214,375 (35,625 ) Total $ 542,740 $ 498,898 $ (43,842 ) $ 550,000 $ 498,625 $ (51,375 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Information [Abstract]
Segment Information	Segment information for the three months ended September 30, 2015 and 2014 is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues Revised Revised Core U.S. $ 575,356 $ 583,616 $ 1,798,055 $ 1,814,144 Acceptance Now 196,652 155,278 621,393 475,665 Mexico 14,528 19,131 48,799 52,646 Franchising 5,069 6,338 16,340 18,807 Total revenues $ 791,605 $ 764,363 $ 2,484,587 $ 2,361,262 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Gross profit Revised Revised Core U.S. $ 374,214 $ 431,689 $ 1,236,964 $ 1,320,975 Acceptance Now 102,133 92,378 315,193 274,637 Mexico 9,500 13,553 32,521 37,731 Franchising 2,765 2,138 7,056 5,989 Total gross profit $ 488,612 $ 539,758 $ 1,591,734 $ 1,639,332 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Operating profit Revised Revised Core U.S. $ 15,700 $ 63,448 $ 149,971 $ 197,103 Acceptance Now 28,901 29,938 95,129 86,715 Mexico (2,359 ) (4,529 ) (12,992 ) (16,928 ) Franchising 1,797 1,168 4,004 2,191 Total segment operating profit 44,039 90,025 236,112 269,081 Corporate (37,474 ) (44,105 ) (123,248 ) (123,313 ) Total operating profit $ 6,565 $ 45,920 $ 112,864 $ 145,768 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Depreciation, amortization and write-down of intangibles Revised Revised Core U.S. $ 11,818 $ 13,671 $ 37,577 $ 42,007 Acceptance Now 836 697 2,388 2,020 Mexico 1,165 1,714 4,051 5,042 Franchising 45 49 140 135 Total segments 13,864 16,131 44,156 49,204 Corporate 6,115 3,787 15,984 11,228 Total depreciation, amortization and write-down of intangibles $ 19,979 $ 19,918 $ 60,140 $ 60,432 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Capital expenditures Revised Revised Core U.S. $ 6,148 $ 5,637 $ 12,397 $ 23,328 Acceptance Now 921 448 1,749 2,531 Mexico 16 438 134 3,926 Total segments 7,085 6,523 14,280 29,785 Corporate 11,171 13,760 46,845 31,948 Total capital expenditures $ 18,256 $ 20,283 $ 61,125 $ 61,733 Segment information - Selected balance sheet data (in thousands): September 30, 2015 December 31, 2014 On rent rental merchandise, net Core U.S. $ 496,524 $ 593,945 Acceptance Now 334,167 345,703 Mexico 18,543 20,766 Total on rent rental merchandise, net $ 849,234 $ 960,414 September 30, 2015 December 31, 2014 Held for rent rental merchandise, net Core U.S. $ 260,563 $ 264,211 Acceptance Now 6,354 4,897 Mexico 5,308 8,334 Total held for rent rental merchandise, net $ 272,225 $ 277,442 September 30, 2015 December 31, 2014 Assets by segment Core U.S. $ 2,404,391 $ 2,519,770 Acceptance Now 410,892 420,660 Mexico 39,923 59,841 Franchising 1,840 2,604 Total segments 2,857,046 3,002,875 Corporate 181,910 268,322 Total assets $ 3,038,956 $ 3,271,197

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Basic and diluted earnings (loss) per common share were calculated as follows (in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Numerator: Net earnings (loss) $ (4,092 ) $ 25,925 $ 46,353 $ 70,872 Denominator: Weighted-average shares outstanding 53,060 52,864 53,044 52,828 Effect of dilutive stock awards 273 250 313 241 Weighted-average dilutive shares 53,333 53,114 53,357 53,069 Basic earnings (loss) per share $ (0.08 ) $ 0.49 $ 0.87 $ 1.34 Diluted earnings (loss) per share $ (0.08 ) $ 0.49 $ 0.87 $ 1.34

Correction of Immaterial Erro24

Correction of Immaterial Errors (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Rentals and fees	$ 683,343	$ 675,342	$ 2,098,918	$ 2,048,278
Installment sales	17,786	17,822	54,200	53,653
Franchise merchandise sales	2,456	4,477	10,022	13,645
Total revenues	791,605	764,363	2,484,587	2,361,262
Cost of rentals and fees	178,094	174,041	548,618	523,857
Cost of installment sales	5,854	5,867	18,125	18,028
Franchise cost of merchandise sold	2,304	4,200	9,284	12,818
Total cost of revenues	302,993	224,605	892,853	721,930
Gross profit	488,612	539,758	1,591,734	1,639,332
Store labor	209,904	218,623	643,412	666,830
Other store expenses	201,638	208,424	631,415	629,350
Operating profit	6,565	45,920	112,864	145,768
Finance charges from refinancing	0	0	0	4,213
Earnings before income taxes	(5,772)	34,139	76,178	107,058
Income tax expense	(1,680)	8,214	29,825	36,186
Net earnings	$ (4,092)	$ 25,925	$ 46,353	$ 70,872
Basic earnings per common share	$ (0.08)	$ 0.49	$ 0.87	$ 1.34
Diluted earnings per common share	$ (0.08)	$ 0.49	$ 0.87	$ 1.34
Depreciation of rental merchandise			$ 541,603	$ 508,178
Finance charges from refinancing				0
Deferred income taxes			(103,433)	(65,330)
Rental merchandise			(428,099)	(539,350)
Receivables			(8,610)	(20,345)
Prepaid expenses and other assets			128,212	(6,805)
Accounts payable - trade				23,227
Accrued liabilities			13,013	5,484
Net cash provided by operating activities			$ 249,295	63,263
Scenario, Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Rentals and fees		$ 678,190		2,056,492
Installment sales		18,089		54,499
Franchise merchandise sales		6,524		19,811
Total revenues		769,525		2,376,488
Cost of rentals and fees		177,208		532,590
Cost of installment sales		6,134		18,874
Franchise cost of merchandise sold		6,247		18,984
Total cost of revenues		230,086		737,675
Gross profit		539,439		1,638,813
Store labor		218,523		666,284
Other store expenses		209,302		630,400
Operating profit		44,823		144,745
Finance charges from refinancing		0		1,946
Earnings before income taxes		33,042		108,302
Income tax expense		7,736		36,606
Net earnings		$ 25,306		$ 71,696
Basic earnings per common share		$ 0.48		$ 1.36
Diluted earnings per common share		$ 0.48		$ 1.35
Depreciation of rental merchandise				$ 509,596
Finance charges from refinancing				1,946
Deferred income taxes				(64,912)
Rental merchandise				(515,166)
Receivables				(20,307)
Prepaid expenses and other assets				(11,017)
Accounts payable - trade				(3,407)
Accrued liabilities				7,502
Net cash provided by operating activities				63,263
Restatement Adjustment [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Rentals and fees		$ (2,848)		(8,214)
Installment sales		(267)		(846)
Franchise merchandise sales		(2,047)		(6,166)
Total revenues		(5,162)		(15,226)
Cost of rentals and fees		(3,167)		(8,733)
Cost of installment sales		(267)		(846)
Franchise cost of merchandise sold		(2,047)		(6,166)
Total cost of revenues		(5,481)		(15,745)
Gross profit		319		519
Store labor		100		546
Other store expenses		(878)		(1,050)
Operating profit		1,097		1,023
Finance charges from refinancing		0		2,267
Earnings before income taxes		1,097		(1,244)
Income tax expense		478		(420)
Net earnings		$ 619		$ (824)
Basic earnings per common share		$ 0.01		$ (0.02)
Diluted earnings per common share		$ 0.01		$ (0.01)
Depreciation of rental merchandise				$ (1,418)
Finance charges from refinancing				(1,946)
Deferred income taxes				(418)
Rental merchandise				(24,184)
Receivables				(38)
Prepaid expenses and other assets				4,212
Accounts payable - trade				26,634
Accrued liabilities				(2,018)
Net cash provided by operating activities				$ 0

Senior Debt (Details)

Senior Debt (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)	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	221,600,000	221,600,000	$ 223,300,000
Revolving facility, maximum facility	675,000,000	675,000,000
Revolving facility, amount outstanding	150,000,000	150,000,000	255,000,000
Letters of credit, amount outstanding	92,300,000	92,300,000
Letters of credit, amount available	432,700,000	432,700,000
Unsecured line of credit, maximum facility	20,000,000	20,000,000
Unsecured line of credit, amount outstanding	$ 0	0	14,500,000
Commitment fee percentage	0.50%
Maturities of Long-term Debt [Abstract]
2,015	$ 562,000	562,000
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	152,250,000	152,250,000
Thereafter	212,063,000	212,063,000
Secured Debt	371,625,000	$ 371,625,000	$ 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	2.93	2.93
Required consolidated senior secured leverage ratio, maximum	2.75	2.75
Actual consolidated senior secured leverage ratio	1.12	1.12
Required consolidated fixed charge coverage ratio, minimum	1.5	1.5
Actual consolidated fixed charge coverage ratio	1.86	1.86
Covenants [Abstract]
Covenants for senior credit facilities - amount available under restricted payment basket	$ 60,900,000	$ 60,900,000
Outstanding indebtedness less cash in excess of	25,000,000	25,000,000
Consolidated funded debt outstanding	879,300,000	879,300,000
Consolidated EBITDA		300,000,000
Consolidated senior secured debt outstanding	$ 336,600,000	336,600,000
Adjusted consolidated EBITDA		542,600,000
Consolidated fixed charges		291,700,000
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	$ 150,000,000	150,000,000
Maturities of Long-term Debt [Abstract]
2,015	0	0
2,016	0	0
2,017	0	0
2,018	0	0
2,019	150,000,000	150,000,000
Thereafter	$ 0	$ 0
Revolving Facility [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Margin on Eurodollar rate, actual	2.50%	2.50%
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	$ 221,625,000	$ 221,625,000
Term Loan, Periodic Payment, Principal	$ 562,500
Term Loan, Frequency of Periodic Payment	quarterly
Maturities of Long-term Debt [Abstract]
2,015	$ 562,000	562,000
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, 2016
Unsecured line of credit, amount outstanding	$ 0	0
Maturities of Long-term Debt [Abstract]
2,015	0	0
2,016	0	0
2,017	0	0
2,018	0	0
2,019	0	0
Thereafter	$ 0	$ 0

Subsidiary Guarantors - Senio26

Subsidiary Guarantors - Senior Notes (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Senior Notes [Line Items]
Carrying value of senior notes	$ 542,740	$ 550,000
Covenant for Debt Basket Available Under Senior Notes	68,200
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]
Initial Borrowing in Senior Notes	300,000
Carrying value of senior notes	$ 292,740	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)	Sep. 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	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	$ 542,740	$ 550,000
Amount of difference between fair value and carrying value	(43,842)	(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	292,740	300,000
Amount of difference between fair value and carrying value	(6,967)	(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	(36,875)	(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	498,898	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	285,773	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	$ 213,125	$ 214,375

Other Charges and (Credits) -29

Other Charges and (Credits) - Cost of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015
Write-down of Rental Merchandise [Abstract]
Inventory Write-down	$ 34,698		$ 34,698
On Rent Inventory Adjustment	10,308		10,308
Held for Rent Inventory Adjustment	$ 24,390		$ 24,390
Vendor Settlement Credit [Abstract]
Vendor settlement credit		$ (7,072)

Other Charges - Operating Exp30

Other Charges - Operating Expenses (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Sourcing and distribution start-up costs	$ 1,200,000		$ 2,800,000
2015 RACFI Store Sale [Member] | Core U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Disposition of Business	4,900,000
2015 Canada Store Sale [Member] | Core U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Disposition of Business	300,000
2015 Other Store Sale [Member] | Core U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Disposition of Business	300,000		$ 900,000
2015 Core U.S. Store Consolidation Plan [Member] | Core U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed			65
Restructuring charge, total	4,300,000
Restructuring charge, accelerated depreciation and asset write-off	1,200,000
Restructuring charge, early lease termination	2,700,000
Restructuring charge, store decommissioning	300,000
2014 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		$ 400,000		$ 4,800,000
Restructuring charge, accelerated depreciation and asset write-off				3,200,000
Restructuring charge, early lease termination				1,300,000
Restructuring charge, store decommissioning				$ 300,000
Mexico Store Consolidation Plan [Member] | Mexico [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed			34
Restructuring charge, total	$ 0		$ 3,100,000

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenues	$ 791,605	$ 764,363	$ 2,484,587	$ 2,361,262
Gross profit	488,612	539,758	1,591,734	1,639,332
Operating profit	6,565	45,920	112,864	145,768
Depreciation, amortization and write-down of intangibles	19,979	19,918	60,140	60,432
Capital expenditures	18,256	20,283	61,125	61,733
Rental merchandise on rent, net	849,234		849,234		$ 960,414
Rental merchandise held for rent, net	272,225		272,225		277,442
Assets	3,038,956		3,038,956		3,271,197
Core U.S. [Member]
Segment Reporting Information [Line Items]
Revenues	575,356	583,616	1,798,055	1,814,144
Gross profit	374,214	431,689	1,236,964	1,320,975
Operating profit	15,700	63,448	149,971	197,103
Depreciation, amortization and write-down of intangibles	11,818	13,671	37,577	42,007
Capital expenditures	6,148	5,637	12,397	23,328
Rental merchandise on rent, net	496,524		496,524		593,945
Rental merchandise held for rent, net	260,563		260,563		264,211
Assets	2,404,391		2,404,391		2,519,770
Acceptance Now [Member]
Segment Reporting Information [Line Items]
Revenues	196,652	155,278	621,393	475,665
Gross profit	102,133	92,378	315,193	274,637
Operating profit	28,901	29,938	95,129	86,715
Depreciation, amortization and write-down of intangibles	836	697	2,388	2,020
Capital expenditures	921	448	1,749	2,531
Rental merchandise on rent, net	334,167		334,167		345,703
Rental merchandise held for rent, net	6,354		6,354		4,897
Assets	410,892		410,892		420,660
Mexico [Member]
Segment Reporting Information [Line Items]
Revenues	14,528	19,131	48,799	52,646
Gross profit	9,500	13,553	32,521	37,731
Operating profit	(2,359)	(4,529)	(12,992)	(16,928)
Depreciation, amortization and write-down of intangibles	1,165	1,714	4,051	5,042
Capital expenditures	16	438	134	3,926
Rental merchandise on rent, net	18,543		18,543		20,766
Rental merchandise held for rent, net	5,308		5,308		8,334
Assets	39,923		39,923		59,841
Franchising [Member]
Segment Reporting Information [Line Items]
Revenues	5,069	6,338	16,340	18,807
Gross profit	2,765	2,138	7,056	5,989
Operating profit	1,797	1,168	4,004	2,191
Depreciation, amortization and write-down of intangibles	45	49	140	135
Assets	1,840		1,840		2,604
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating profit	44,039	90,025	236,112	269,081
Depreciation, amortization and write-down of intangibles	13,864	16,131	44,156	49,204
Capital expenditures	7,085	6,523	14,280	29,785
Assets	2,857,046		2,857,046		3,002,875
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating profit	(37,474)	(44,105)	(123,248)	(123,313)
Depreciation, amortization and write-down of intangibles	6,115	3,787	15,984	11,228
Capital expenditures	11,171	$ 13,760	46,845	$ 31,948
Assets	$ 181,910		$ 181,910		$ 268,322

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 1,961	$ 1,915	$ 6,948	$ 5,377
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			653,000
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			1.87%
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			$ 29.75
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value			6.74
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	Sep. 30, 2015USD ($)
Guarantor Obligations [Line Items]
Maximum financing amount	$ 47
Amount outstanding	13.2
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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Net earnings (loss)	$ (4,092)	$ 25,925	$ 46,353	$ 70,872
Basic weighted average shares	53,060,000	52,864,000	53,044,000	52,828,000
Basic earnings (loss) per common share	$ (0.08)	$ 0.49	$ 0.87	$ 1.34
Effect of dilutive stock options	273,000	250,000	313,000	241,000
Diluted weighted average shares	53,333,000	53,114,000	53,357,000	53,069,000
Diluted earnings (loss) per common share	$ (0.08)	$ 0.49	$ 0.87	$ 1.34
Earnings Per Share (Details) [Abstract]
Number of anti-dilutive stock awards	2,676,685	2,507,547	2,302,669	2,513,948