Upbound (UPBD) 10-K 29 Feb 16 2015 FY Annual report Financial data

Document and Company Informatio

Document and Company Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 22, 2016	Jun. 30, 2015
Document and Company Information [Abstract]
Entity Registrant Name	RENT A CENTER INC DE
Entity Central Index Key	933,036
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
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 Public Float			$ 1,468,638,297
Entity Common Stock, Shares Outstanding		53,091,850
Trading Symbol	RCII

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Store
Rentals and fees	$ 2,781,315	$ 2,745,828	$ 2,695,895
Merchandise sales	377,240	290,048	278,753
Installment sales	76,238	75,889	71,475
Other	19,158	19,949	18,133
Store revenues	3,253,951	3,131,714	3,064,256
Franchise
Merchandise sales	15,577	19,236	24,556
Royalty income and fees	8,892	6,846	5,206
Revenues	3,278,420	3,157,796	3,094,018
Store
Cost of rentals and fees	728,706	704,595	676,674
Cost of merchandise sold	356,696	231,520	216,206
Cost of installment sales	25,677	26,084	24,541
Cost of store revenues	1,111,079	962,199	917,421
Vendor settlement credit	34,698	(6,836)	0
Franchise
Franchise cost of merchandise sold	14,534	18,070	23,104
Cost of revenues	1,160,311	973,433	940,525
Gross profit	2,118,109	2,184,363	2,153,493
Operating expenses
Store labor	854,610	888,929	881,671
Other store expenses	833,914	842,254	789,212
General and administrative expenses	166,102	162,316	147,621
Depreciation, amortization and write-down of intangibles	80,720	83,168	86,912
Goodwill impairment charge	1,170,000	0	1,068
Other charges	20,651	14,234	0
Total operating expenses	3,125,997	1,990,901	1,906,484
Operating profit	(1,007,888)	193,462	247,009
Finance charges from refinancing	0	(4,213)	0
Interest expense	(49,326)	(47,843)	(39,628)
Interest income	(634)	(947)	(815)
Earnings before income taxes	(1,056,580)	142,353	208,196
Income tax expense	(189,952)	45,931	79,439
NET EARNINGS	$ (866,628)	$ 96,422	$ 128,757
Basic earnings per common share	$ (16.34)	$ 1.82	$ 2.35
Diluted earnings per common share	(16.34)	1.81	2.33
Cash dividends declared per common share	$ 0.96	$ 0.93	$ 0.86

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net earnings	$ (866,628)	$ 96,422	$ 128,757
Foreign currency translation adjustments	(6,399)	(4,656)	(2,017)
Total other comprehensive income (loss)	(6,399)	(4,656)	(2,017)
COMPREHENSIVE INCOME	$ (873,027)	$ 91,766	$ 126,740

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 60,363	$ 46,126
Receivables, net of allowance for doubtful accounts of $3,614 and $4,023 in 2015 and 2014, respectively	69,320	65,492
Prepaid expenses and other assets	171,347	206,150
Rental merchandise, net
On rent	907,625	960,414
Held for rent	228,847	277,442
Merchandise held for installment sale	4,668	4,855
Property assets, net of accumulated depreciation of $482,448 and $440,586 in 2015 and 2014, respectively	330,939	332,726
Goodwill, net	206,122	1,370,459
Other intangible assets, net	7,777	7,533
Total Assets	1,987,008	3,271,197
LIABILITIES
Accounts payable - trade	96,355	141,878
Accrued liabilities	332,553	351,812
Deferred income taxes	119,245	345,299
Senior debt	425,633	492,813
Senior notes	542,740	550,000
Total Liabilities	$ 1,516,526	$ 1,881,802
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 250,000,000 shares authorized; 109,441,911 and 109,353,001 shares issued in 2015 and 2014, respectively	$ 1,094	$ 1,094
Additional paid-in capital	818,339	813,178
Retained earnings	1,009,770	1,927,445
Treasury stock at cost, 56,369,752 shares in 2014 and 2013	(1,347,677)	(1,347,677)
Accumulated other comprehensive income (loss)	(11,044)	(4,645)
Total Stockholders' Equity	470,482	1,389,395
Total Liabilities and Stockholders' Equity	$ 1,987,008	$ 3,271,197

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 3,614	$ 4,023
Accumulated depreciation	$ 482,448	$ 440,586
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	250,000,000	250,000,000
Common stock - shares issued	109,441,911	109,353,001
Treasury stock - shares at cost	56,369,752	56,369,752

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2012	$ 1,455,857	$ 1,085	$ 784,725	$ 1,798,287	$ (1,130,268)	$ 2,028
Balance, shares at Dec. 31, 2012		108,531,000
Net earnings	128,757			128,757
Other comprehensive income (loss)	(2,017)					(2,017)
Purchase of treasury stock	(217,421)		(12)		(217,409)
Exercise of stock options, shares		479,000
Exercise of stock options	11,932	$ 5	11,927
Vesting of restricted share units, shares		98,000
Vesting of restricted share units	1	$ 1
Tax effects of stock awards vested and options exercised	(972)		(972)
Stock-based compensation	6,456		6,456
Dividends declared	(46,724)			(46,724)
Balance at Dec. 31, 2013	1,335,869	$ 1,091	802,124	1,880,320	(1,347,677)	11
Balance, shares at Dec. 31, 2013		109,108,000
Net earnings	96,422			96,422
Other comprehensive income (loss)	(4,656)					(4,656)
Exercise of stock options, shares		212,000
Exercise of stock options	4,647	$ 2	4,645
Vesting of restricted share units, shares		33,000
Vesting of restricted share units	1	$ 1
Tax effects of stock awards vested and options exercised	(150)		(150)
Stock-based compensation	6,559		6,559
Dividends declared	(49,297)			(49,297)
Balance at Dec. 31, 2014	1,389,395	$ 1,094	813,178	1,927,445	(1,347,677)	(4,645)
Balance, shares at Dec. 31, 2014		109,353,000
Net earnings	(866,628)			(866,628)
Other comprehensive income (loss)	$ (6,399)					(6,399)
Exercise of stock options, shares	65,366	66,000
Exercise of stock options	$ 1,485		1,485
Vesting of restricted share units, shares		23,000
Tax effects of stock awards vested and options exercised	(5,865)		(5,865)
Stock-based compensation	9,541		9,541
Dividends declared	(51,047)			(51,047)
Balance at Dec. 31, 2015	$ 470,482	$ 1,094	$ 818,339	$ 1,009,770	$ (1,347,677)	$ (11,044)
Balance, shares at Dec. 31, 2015		109,442,000

Consolidated Statement of Stoc7

Consolidated Statement of Stockholders' Equity (Parentheticals) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Stockholders' Equity [Abstract]
Purchase of treasury stock (shares)	0	0	5,874

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities
Net earnings	$ (866,628)	$ 96,422	$ 128,757
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation of rental merchandise	718,100	685,115	652,161
Bad debt expense	15,260	15,509	14,589
Stock-based compensation expense	9,541	6,559	6,456
Depreciation of property assets	76,429	78,747	76,451
Loss on sale or disposal of property assets	11,897	10,363	1,499
Goodwill impairment charge	1,170,000	0	1,068
Amortization of intangibles	3,333	2,955	2,491
Amortization of financing fees	3,126	3,218	3,191
Deferred income taxes	(231,710)	26,796	24,020
Tax benefits related to stock option exercises	(86)	(331)	(406)
Changes in operating assets and liabilities, net of effects of acquisitions
Rental merchandise	(622,149)	(796,672)	(767,680)
Receivables	(19,088)	(21,823)	(19,248)
Prepaid expenses and other assets	31,636	(130,690)	(9,798)
Accounts payable - trade	(45,523)	21,440	19,373
Accrued liabilities	(23,650)	21,505	1,418
Net cash provided by operating activities	230,488	19,113	134,342
Cash flows from investing activities
Purchase of property assets	(80,870)	(83,785)	(108,367)
Proceeds from sale of property assets	15,964	14,474	19,973
Acquisitions of businesses	(25,170)	(27,354)	(41,236)
Net cash used in investing activities	(90,076)	(96,665)	(129,630)
Cash flows from financing activities
Purchase of treasury stock	0	0	(217,421)
Exercise of stock options	1,485	4,647	11,932
Tax benefit related to stock option exercises	(86)	(331)	(406)
Proceeds from debt	531,180	772,860	908,145
Repayments of debt	(605,620)	(646,323)	(679,370)
Dividends paid	(51,011)	(48,663)	(46,809)
Net cash used in financing activities	(123,880)	82,852	(23,117)
Effect of exchange rate changes on cash	(2,295)	(1,448)	(408)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	14,237	3,852	(18,813)
Cash and cash equivalents at beginning of year	46,126	42,274	61,087
Cash and cash equivalents at end of year	60,363	46,126	42,274
Cash paid during the year for:
Interest	49,386	48,064	36,897
Income taxes (excludes $116,337, $3,372 and $2,426 of income taxes refunded in 2015, 2014 and 2013, respectively)	$ 128,083	$ 146,250	$ 52,255

Consolidated Statements of Cas9

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplemental Cash Flow Information [Abstract]
Income taxes refunded		$ 116,337	$ 3,372	$ 2,426
Loans assumed	$ 225,000
Line of credit assumed	100,000
Loans refinanced	187,500
Line of credit refinanced	140,000
Repayments of debt	$ 2,500	$ 605,620	$ 646,323	$ 679,370

Nature of Operations and Summar

Nature of Operations and Summary of Accounting Policies	12 Months Ended
	Dec. 31, 2015
Nature of Operations and Summary of Accounting Policies [Abstract]
Nature of Operations and Summary of Accounting Policies	Note A — Nature of Operations and Summary of Accounting Policies A summary of the significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows: Principles of Consolidation and Nature of Operations 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 (formerly reported as International, see Note R to the consolidated financial statements) 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. Our stores in Canada operate under the name "Rent-A-Centre." We also offer merchandise on an installment sales basis in certain of our stores under the names “Get It Now” and “Home Choice.” At December 31, 2015 , we operated 2,672 company-owned stores nationwide and in Canada and Puerto Rico, including 45 retail installment sales stores. 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 retailer's locations. At December 31, 2015 , we operated 1,444 Acceptance Now Staffed locations and 532 Acceptance Now 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. At December 31, 2015 , we operated 143 stores in Mexico. Rent-A-Center Franchising International, Inc., an indirect wholly-owned subsidiary of Rent-A-Center, is a franchisor of rent-to-own stores. At December 31, 2015 , Franchising had 227 franchised stores operating in 31 states. 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. Rental Merchandise Rental merchandise is carried at cost, net of accumulated depreciation. Depreciation for merchandise is generally provided using the income forecasting method, which is intended to match as closely as practicable the recognition of depreciation expense with the consumption of the rental merchandise, and assumes no salvage value. The consumption of rental merchandise occurs during periods of rental and directly coincides with the receipt of rental revenue over the rental purchase agreement period. Under the income forecasting method, merchandise held for rent is not depreciated and merchandise on rent is depreciated in the proportion of rents received to total rents provided in the rental contract, which is an activity-based method similar to the units of production method. We depreciate merchandise (including computers, tablets and smartphones) that is held for rent for at least 180 consecutive days using the straight-line method over a period generally not to exceed 18 months . Rental merchandise which is damaged and inoperable is expensed when such impairment occurs. If a customer does not return the merchandise or make payment, the remaining book value of the rental merchandise associated with delinquent accounts is generally charged off on or before the 90 th day following the time the account became past due in the Core U.S. segment, on or before the 150 th day in the Acceptance Now segment and on or before the 60 th day in the Mexico segment. We maintain a reserve for these expected expenses. In addition, any minor repairs made to rental merchandise are expensed at the time of the repair. Cash Equivalents Cash equivalents include all highly liquid investments with an original maturity of three months or less. We maintain cash and cash equivalents at several financial institutions, which at times may not be federally insured or may exceed federally insured limits. We have not experienced any losses in such accounts and believe we are not exposed to any significant credit risks on such accounts. Revenues Merchandise is rented to customers pursuant to rental purchase agreements which provide for weekly, semi-monthly or monthly rental terms with non-refundable rental payments. Generally, the customer has the right to acquire title either through a purchase option or through payment of all required rentals. Rental revenue and fees are recognized over the rental term and merchandise sales revenue is recognized when the customer exercises the purchase option and pays the cash price due. Cash received prior to the period in which it should be recognized is deferred and recognized according to the rental term. Revenue is accrued for uncollected amounts due based on historical collection experience. However, the total amount of the rental purchase agreement is not accrued because the customer can terminate the rental agreement at any time and we cannot enforce collection for non-payment of future rents. Revenues from the sale of merchandise in our retail installment stores are recognized when the installment note is signed, the customer has taken possession of the merchandise and collectability is reasonably assured. Revenues from the sale of rental merchandise are recognized upon shipment of the merchandise to the franchisee. Franchise royalty income and fee revenue is recognized upon completion of substantially all services and satisfaction of all material conditions required under the terms of the franchise agreement. Some franchisees purchase directly from a supplier but request reimbursement through ColorTyme Finance, Inc. and we recognize revenue for the commission we earn on these transactions. Receivables and Allowance for Doubtful Accounts The installment notes receivable associated with the sale of merchandise at our Get It Now and Home Choice stores generally consists of the sales price of the merchandise purchased and any additional fees for services the customer has chosen, less the customer’s down payment. No interest is accrued and interest income is recognized each time a customer makes a payment, generally on a monthly basis. We have established an allowance for doubtful accounts for our installment notes receivable. Our policy for determining the allowance is based on historical loss experience, as well as the results of management’s review and analysis of the payment and collection of the installment notes receivable within the previous year. We believe our allowance is adequate to absorb any known or probable losses. Our policy is to charge off installment notes receivable that are 120 days or more past due. Charge-offs are applied as a reduction to the allowance for doubtful accounts and any recoveries of previously charged off balances are applied as an increase to the allowance for doubtful accounts. The majority of Franchising’s trade and notes receivable relate to amounts due from franchisees. Credit is extended based on an evaluation of a franchisee’s financial condition and collateral is generally not required. Trade receivables are due within 30 days and are stated at amounts due from franchisees net of an allowance for doubtful accounts. Accounts that are outstanding longer than the contractual payment terms are considered past due. Franchising determines its allowance by considering a number of factors, including the length of time receivables are past due, Franchising’s previous loss history, the franchisee’s current ability to pay its obligation to Franchising, and the condition of the general economy and the industry as a whole. Franchising writes off trade receivables that are 120 days or more past due and payments subsequently received on such receivables are credited to the allowance for doubtful accounts. Property Assets and Related Depreciation Furniture, equipment and vehicles are stated at cost less accumulated depreciation. Depreciation is provided over the estimated useful lives of the respective assets (generally five years) by the straight-line method. Our building is depreciated over 40 years. Leasehold improvements are amortized over the useful life of the asset or the initial term of the applicable leases by the straight-line method, whichever is shorter. We have incurred costs to develop computer software for internal use. We capitalize the costs incurred during the application development stage, which includes designing the software configuration and interfaces, coding, installation, and testing. Costs incurred during the preliminary stages along with post-implementation stages of internally developed software are expensed as incurred. Internally developed software costs, once placed in service, are amortized over various periods up to ten years. We incur repair and maintenance expenses on our vehicles and equipment. These amounts are recognized when incurred, unless such repairs significantly extend the life of the asset, in which case we amortize the cost of the repairs for the remaining life of the asset utilizing the straight-line method. Goodwill and Other Intangible Assets We record goodwill when the consideration paid for an acquisition exceeds the fair value of the identifiable net tangible and identifiable intangible assets acquired. Goodwill is not subject to amortization but must be periodically evaluated for impairment. Impairment occurs when the carrying value of goodwill is not recoverable from future cash flows. We perform an assessment of goodwill for impairment at the reporting unit level annually as of October 1, or when events or circumstances indicate that impairment may have occurred. Our reporting units are generally our reportable operating segments. Factors which could necessitate an interim impairment assessment include a sustained decline in our stock price, prolonged negative industry or economic trends and significant underperformance relative to expected historical or projected future operating results. We determine the fair value of each reporting unit using methodologies which include the present value of estimated future cash flows and comparisons of multiples of enterprise values to earnings before interest, taxes, depreciation and amortization. The analysis is based upon available information regarding expected future cash flows and discount rates. Discount rates are based upon our cost of capital. We use a two-step approach to assess goodwill impairment. If the fair value of the reporting unit exceeds its carrying value, then the goodwill is not deemed impaired. If the carrying value of the reporting unit exceeds fair value, we perform a second analysis to measure the fair value of all assets and liabilities within the reporting unit, and if the carrying value of goodwill exceeds its implied fair value, goodwill is considered impaired. The amount of the impairment is the difference between the carrying value of goodwill and the implied fair value, which is calculated as if the reporting unit had just been acquired and accounted for as a business combination. Acquired customer relationships are amortized utilizing the straight-line method over a 21 month period, non-compete agreements are amortized using the straight-line method over the contractual life of the agreements, vendor relationships are amortized using the straight-line method over a 7 or 15 year period, other intangible assets are amortized using the straight-line method over the life of the asset. Accounting for Impairment of Long-Lived Assets We evaluate all long-lived assets, including intangible assets, excluding goodwill, for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. Impairment is recognized when the carrying amounts of such assets cannot be recovered by the undiscounted net cash flows they will generate. Self-Insurance Liabilities We have self-insured retentions with respect to losses under our workers' compensation, general liability, vehicle liability and health insurance programs. We establish reserves for our liabilities associated with these losses by obtaining forecasts for the ultimate expected losses and estimating amounts needed to pay losses within our self-insured retentions. We make assumptions on our liabilities within our self-insured retentions using actuarial loss forecasts, company-specific development factors, general industry loss development factors, and third-party claim administrator loss estimates which are based on known facts surrounding individual claims. These assumptions incorporate expected increases in health care costs. Periodically, we reevaluate our estimate of liability within our self-insured retentions. At that time, we evaluate the adequacy of our reserves by comparing amounts reserved on our balance sheet for anticipated losses to our updated actuarial loss forecasts and third-party claim administrator loss estimates, and make adjustments to our reserves as needed. Foreign Currency Translation The functional currency of our foreign operations is the applicable local currency. Assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the current rate of exchange on the last day of the reporting period. Revenues and expenses are generally translated at a daily exchange rate and equity transactions are translated using the actual rate on the day of the transaction. Other Comprehensive Income Other comprehensive income is comprised exclusively of our foreign currency translation adjustment. Income Taxes We record deferred taxes for temporary differences between the tax and financial reporting bases of assets and liabilities at the enacted tax rate expected to be in effect when taxes become payable. Income tax accounting requires management to make estimates and apply judgments to events that will be recognized in one period under rules that apply to financial reporting in a different period in our tax returns. In particular, judgment is required when estimating the value of future tax deductions, tax credits and net operating loss carryforwards (NOLs), as represented by deferred tax assets. We evaluate the recoverability of these future tax deductions and credits by assessing the future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income rely heavily on estimates. We use our historical experience and our short- and long-range business forecasts to provide insight and assist us in determining recoverability. When it is determined the recovery of all or a portion of a deferred tax asset is not likely, a valuation allowance is established. We include NOLs in the calculation of deferred tax assets. NOLs are utilized to the extent allowable due to the provisions of the Internal Revenue Code of 1986, as amended, and relevant state statutes. We recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon the ultimate settlement with the relevant tax authority. A number of years may elapse before a particular matter, for which we have recorded a liability, is audited and effectively settled. We review our tax positions quarterly and adjust our liability for unrecognized tax benefits in the period in which we determine the issue is effectively settled with the tax authorities, the statute of limitations expires for the relevant taxing authority to examine the tax position, or when more information becomes available. We classify interest accrued related to unrecognized tax benefits as interest expense. Sales Taxes We apply the net basis for sales taxes imposed on our goods and services in our consolidated statements of earnings. We are required by the applicable governmental authorities to collect and remit sales taxes. Accordingly, such amounts are charged to the customer, collected and remitted directly to the appropriate jurisdictional entity. Earnings (Loss) Per Common Share Basic earnings (loss) per common share are based upon the weighted average number of common shares outstanding during each period presented. Diluted earnings (loss) per common share are based upon the weighted average number of common shares outstanding during the period, plus, if dilutive, the assumed exercise of stock options at the beginning of the year, or for the period outstanding during the year for current year issuances. Advertising Costs Costs incurred for producing and communicating advertising are expensed when incurred. Advertising expense was $96.2 million , $94.8 million and $92.6 million , for the years ended December 31, 2015 , 2014 and 2013 , respectively. Stock-Based Compensation We maintain long-term incentive plans for the benefit of certain employees and directors, which are described more fully in Note M. We recognize share-based payment awards to our employees and directors at the estimated fair value on the grant date. Determining the fair value of any share-based award requires information about several variables that include, but are not limited to, expected stock volatility over the terms of the award, expected dividend yields and the predicted employee exercise behavior. We base expected life on historical exercise and post-vesting employment-termination experience, and expected volatility on historical realized volatility trends. In addition, all stock-based compensation expense is recorded net of an estimated forfeiture rate. The forfeiture rate is based upon historical activity and is analyzed at least annually as actual forfeitures occur. Compensation costs are recognized net of estimated forfeitures over the requisite service period on a straight-line basis. We issue new shares to settle stock awards. Stock options are valued using a Black-Scholes pricing model. Time-vesting restricted stock units are valued using the closing price on the Nasdaq Global Select Market on the day before the grant date, adjusted for any provisions affecting fair value, such as the lack of dividends or dividend equivalents during the vesting period. Performance-based restricted stock units will vest in accordance with a total shareholder return formula, and are valued by a third-party valuation firm using Monte Carlo simulations. Stock-based compensation expense is reported within general and administrative expenses in the consolidated statements of earnings. Reclassifications Certain reclassifications have been made to the reported amounts for the prior periods to conform to the current period presentation. These reclassifications had no impact on net earnings or earnings per share in any period. Use of Estimates In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent losses and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. In applying accounting principles, we must often make individual estimates and assumptions regarding expected outcomes or uncertainties. Our estimates, judgments and assumptions are continually evaluated based on available information and experience. Because of the use of estimates inherent in the financial reporting process, actual results could differ from those estimates. New Accounting Pronouncements In 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. Adoption will be effective for Rent-A-Center beginning January 1, 2016, and will be applied on a retrospective basis. 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.

Receivables and Allowance for D

Receivables and Allowance for Doubtful Accounts	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Receivables and Allowance for Doubtful Accounts	Note B — Receivables and Allowance for Doubtful Accounts Receivables consist of the following: December 31, 2015 2014 (In thousands) Installment sales receivable $ 57,010 $ 56,516 Trade and notes receivables 15,924 12,999 Total 72,934 69,515 Less allowance for doubtful accounts (3,614 ) (4,023 ) Net receivables $ 69,320 $ 65,492 The allowance for doubtful accounts related to installment sales receivable was $3.4 million and $3.5 million , and the allowance for doubtful accounts related to trade and notes receivable was $0.2 million and $0.5 million at December 31, 2015 and 2014 , respectively. Changes in our allowance for doubtful accounts are as follows: Year Ended December 31, 2015 2014 2013 (In thousands) Beginning Balance $ 4,023 $ 3,700 $ 2,920 Bad debt expense 15,260 15,509 14,589 Accounts written off (16,317 ) (15,718 ) (14,271 ) Recoveries 648 532 462 Ending Balance $ 3,614 $ 4,023 $ 3,700

Rental Merchandise

Rental Merchandise	12 Months Ended
	Dec. 31, 2015
Rental Merchandise [Abstract]
Rental Merchandise	Note C — Rental Merchandise December 31, 2015 2014 (In thousands) On rent Cost $ 1,527,384 $ 1,565,421 Less accumulated depreciation (619,759 ) (605,007 ) Net book value, on rent $ 907,625 $ 960,414 Held for rent Cost $ 297,956 $ 343,747 Less accumulated depreciation (69,109 ) (66,305 ) Net book value, held for rent $ 228,847 $ 277,442

Property Assets

Property Assets	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property Assets	Note D — Property Assets December 31, 2015 2014 (In thousands) Furniture and equipment $ 409,076 $ 359,982 Transportation equipment 11,807 11,451 Building and leasehold improvements 294,221 314,343 Land and land improvements 6,747 6,853 Construction in progress 91,536 80,683 813,387 773,312 Less accumulated depreciation (482,448 ) (440,586 ) $ 330,939 $ 332,726 We had $70.3 million and $73.4 million of capitalized software costs included in construction in progress at December 31, 2015 , and 2014 respectively. For the years ended December 31, 2015 , 2014 and 2013 , we placed in service internally developed software of approximately $22.9 million , $51.6 million and $4.6 million , respectively.

Intangible Assets and Acquisiti

Intangible Assets and Acquisitions	12 Months Ended
	Dec. 31, 2015
Intangible Assets and Acquisitions [Abstract]
Intangible Assets and Acquisitions	Note E — Intangible Assets and Acquisitions Goodwill Impairment Charge In December 2015, we completed step one of our annual goodwill impairment test as of October 1, 2015. We determined the fair value of our Acceptance Now segment significantly exceeded its carrying value (by over 100%), but the fair value of our Core U.S. segment was below its carrying value. We then performed step two of the impairment test for the Core U.S. segment and determined the carrying value of goodwill exceeded its implied fair value. Accordingly, in the fourth quarter of 2015 we recognized an impairment charge of $1,170.0 million . Based on the results of our 2014 annual goodwill impairment assessment, we concluded no impairment of goodwill existed at December 31, 2014. During 2013, we recorded a goodwill impairment charge of $1.1 million in our Core U.S. segment as a result of the sustained underperformance of certain stores located in Canada. Intangible Assets Amortizable intangible assets consist of the following (in thousands): December 31, 2015 December 31, 2014 Avg. Life (years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Non-compete agreements 3 $ 6,746 $ 5,724 $ 5,585 $ 5,435 Customer relationships 2 78,887 76,830 76,299 74,182 Vendor relationships 11 7,538 2,840 7,538 2,272 Total $ 93,171 $ 85,394 $ 89,422 $ 81,889 Aggregate amortization expense (in thousands): Year Ended December 31, 2015 $ 3,333 Year Ended December 31, 2014 $ 2,955 Year Ended December 31, 2013 $ 2,491 Estimated amortization expense, assuming current intangible balances and no new acquisitions, for each of the years ending December 31, is as follows (in thousands): Estimated Amortization Expense 2016 $ 2,638 2017 1,089 2018 678 2019 678 2020 465 Thereafter 2,229 $ 7,777 At December 31, 2015 , the amount of goodwill allocated to the Core U.S. and Acceptance Now segments was approximately $150.8 million and $55.3 million , respectively. At December 31, 2014 , the amount of goodwill allocated to the Core U.S. and Acceptance Now segments was approximately $1,316.1 million and $54.4 million , respectively. A summary of the changes in recorded goodwill follows (in thousands): Year Ended December 31, 2015 2014 Beginning Balance $ 1,370,459 $ 1,364,549 Additions from acquisitions 12,942 14,562 Goodwill impairments and write-offs related to stores sold or closed (1,177,581 ) (8,458 ) Post purchase price allocation adjustments 302 (194 ) Ending Balance $ 206,122 $ 1,370,459 Acquisitions The following table provides information concerning the acquisitions made during the years ended December 31, 2015 , 2014 and 2013 . Year Ended December 31, 2015 2014 2013 (Dollar amounts in thousands) Number of stores acquired remaining open 5 6 47 Number of stores acquired that were merged with existing stores 34 13 38 Number of transactions 24 26 47 Total purchase price $ 25,488 $ 26,653 $ 44,229 Amounts allocated to: Goodwill $ 12,942 $ 14,562 $ 28,282 Non-compete agreements 1,166 — 235 Customer relationships 2,625 1,525 2,959 Rental merchandise 8,755 9,731 11,843 Property and other assets — 835 910 Purchase prices are determined by evaluating the average monthly rental income of the acquired stores and applying a multiple to the total for rent-to-own store acquisitions. All acquisitions have been accounted for as asset purchases, and the operating results of the acquired stores and accounts have been included in the financial statements since their date of acquisition. The weighted average amortization period was approximately 21 months months for intangible assets added during the year ended December 31, 2015 . Additions to goodwill due to acquisitions in 2015 were tax deductible.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2015
Accrued Liabilities [Abstract]
Accrued Liabilities	Note F — Accrued Liabilities December 31, 2015 2014 (In thousands) Accrued insurance costs $ 121,844 $ 125,067 Deferred revenue 60,535 58,880 Accrued compensation 42,940 55,354 Taxes other than income 20,081 20,632 Accrued dividends 12,773 12,737 Deferred compensation 10,489 9,653 Deferred rent 6,882 9,585 Accrued interest payable 5,781 5,766 Accrued other 51,228 54,138 $ 332,553 $ 351,812

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note G — Income Taxes A reconciliation of the federal statutory rate of 35% to actual follows: Year Ended December 31, 2015 2014 2013 Tax at statutory rate 35.0 % 35.0 % 35.0 % Goodwill impairment (18.8 )% — % — % State income taxes, net of federal benefit 2.8 % 1.8 % 2.6 % Effect of foreign operations, net of foreign tax credits (0.9 )% 0.3 % 0.4 % Effect of current and prior year credits 0.4 % (2.0 )% — % Adjustments to deferred taxes — % (2.4 )% — % Other, net (0.5 )% (0.4 )% 0.2 % Total 18.0 % 32.3 % 38.2 % The components of income tax expense (benefit) are as follows: Year Ended December 31, 2015 2014 2013 (In thousands) Current expense (benefit) Federal $ 29,668 $ 14,943 $ 45,784 State (6,432 ) 4,032 5,888 Foreign 2,574 1,673 5,659 Total current 25,810 20,648 57,331 Deferred expense (benefit) Federal (175,842 ) 24,556 20,721 State (39,331 ) (90 ) 2,521 Foreign (589 ) 817 (1,134 ) Total deferred (215,762 ) 25,283 22,108 Total $ (189,952 ) $ 45,931 $ 79,439 Deferred tax assets (liabilities) consist of the following: December 31, 2015 2014 (In thousands) Deferred tax assets State net operating loss carryforwards $ 16,032 $ 16,937 Foreign net operating loss carryforwards 20,396 18,182 Accrued liabilities 62,115 72,058 Intangible assets 56,609 — Property assets 3,308 — Other assets including credits 5,413 6,993 Foreign tax credit carryforwards 13,576 12,306 177,449 126,476 Valuation allowance (31,829 ) (24,709 ) Deferred tax liabilities Rental merchandise (263,158 ) (285,371 ) Property assets — (2,222 ) Intangible assets — (157,527 ) (263,158 ) (445,120 ) Net deferred taxes $ (117,538 ) $ (343,353 ) At December 31, 2015 , there are approximately $355.9 million of state NOL carryforwards expiring between 2016 and 2033 , offset by a valuation allowance of $16.1 million . Of the total remaining state NOL carryforwards, approximately 17.0% represent acquired NOLs. Utilization of these NOLs is subject to applicable annual limitations for U.S. state tax purposes. At December 31, 2015, the Mexico NOL carryforwards were approximately $60.4 million , which expire between 2020 and 2025 , and are offset with a full valuation allowance. The Puerto Rico NOL is $5.8 million and it will expire in 2025 . In addition, at December 31, 2015, we also had approximately $13.6 million in foreign tax credit (“FTC”) carryforwards expiring between 2020 and 2025 , offset by a valuation allowance of $5.7 million . We establish a valuation allowance to the extent we consider it more likely than not that the deferred tax assets attributable to our NOLs, FTCs or other deferred tax assets will not be recovered. We are subject to federal, state, local and foreign income taxes. Along with our U.S. subsidiaries, we file a U.S. federal consolidated income tax return. With few exceptions, we are no longer subject to U.S. federal, state, foreign and local income tax examinations by tax authorities for years before 2012. We are currently under examination in various states. We do not anticipate that adjustments as a result of these audits, if any, will result in a material change to our consolidated statement of earnings, financial condition, statement of cash flows or earnings per share. A reconciliation of the beginning and ending amount of unrecognized tax benefits follows (in thousands): Year Ended December 31, 2015 2014 2013 Balance at beginning of year $ 13,376 $ 13,173 $ 10,167 Additions based on tax positions related to current year 1,508 425 50 Additions for tax positions of prior years 20,684 2,400 3,742 Reductions for tax positions of prior years (8,354 ) (2,225 ) (786 ) Settlements (50 ) (397 ) — Balance at end of year $ 27,164 $ 13,376 $ 13,173 Included in the balance of unrecognized tax benefits at December 31, 2015 , is $24.4 million , net of federal benefit, which, if ultimately recognized, will affect our annual effective tax rate. As of December 31, 2015 , we have accrued approximately $1.9 million for the payment of interest for uncertain tax positions. During the year ended December 31, 2015, we recorded $786,000 of interest income primarily related to the reversal of accrued interest for a matter settled during the year in our favor, partially offset by interest expense of approximately $654,000 for remaining uncertain tax positions, both of which are excluded from the reconciliation of unrecognized tax benefits presented above.

Senior Debt

Senior Debt	12 Months Ended
	Dec. 31, 2015
Senior Debt [Abstract]
Senior Debt	Note H — 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 provides for a new $900.0 million senior credit facility consisting of $225 million in term loans (the "Term Loans") and a $675 million revolving credit facility (the "Revolving Facility"). 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. We are also required to pay down the Term Loans each year by an amount equal to 50% of annual excess cash flow, as defined in the Credit Agreement. This percentage requirement decreases to 25% if the Consolidated Total Leverage Ratio (as defined in the Credit Agreement) is between 3.0:1 and 2.5:1, and to 0% if the Consolidated Total Leverage Ratio is less than 2.5:1. We anticipate making a mandatory excess cash flow prepayment in the first quarter of 2016 with respect to our results for the year ended December 31, 2015, of approximately $25.0 - $30.0 million. No mandatory excess cash flow prepayment was made with respect to the year ended December 31, 2014. We are further required to pay down the Term Loans with proceeds from certain asset sales or borrowings as defined in the Credit Agreement. The debt facilities as of December 31, 2015 and 2014 are as follows: December 31, 2015 December 31, 2014 Facility Maturity Maximum Facility Amount Outstanding Amount Available Maximum Facility Amount Outstanding Amount Available (In thousands) Senior Debt: Term Loan March 19, 2021 $ 225,000 $ 221,063 $ — $ 225,000 $ 223,313 $ — Revolving Facility March 19, 2019 675,000 190,000 390,300 675,000 255,000 315,600 900,000 411,063 390,300 900,000 478,313 315,600 Other Indebtedness: Line of credit August 21, 2016 20,000 14,570 5,430 20,000 14,500 5,500 Total $ 920,000 $ 425,633 $ 395,730 $ 920,000 $ 492,813 $ 321,100 The full amount of the revolving credit facility may be used for the issuance of letters of credit. At December 31, 2015 and 2014 , the amounts available under the revolving credit facility were reduced by approximately $94.7 million and $104.4 million , respectively, for our outstanding letters of credit. 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 1.25% , respectively, at December 31, 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 December 31, 2015, is equal to 0.45% 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 limits 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 when total leverage is greater than 2.5 :1 (subject to an exception for cash dividends in an amount not to exceed $20 million annually); • 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 4.25:1 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 1.75:1. The table below shows the required and actual ratios under the Credit Agreement calculated as of December 31, 2015: Required Ratio Actual Ratio Consolidated total leverage ratio No greater than 4.25:1 3.13:1 Consolidated senior secured leverage ratio No greater than 2.75:1 1.26:1 Consolidated fixed charge coverage ratio No less than 1.75:1 1.87:1 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 consolidated total leverage ratio was calculated by dividing the consolidated funded debt outstanding at December 31, 2015 ( $933.0 million ) by consolidated EBITDA for the 12-month period ending December 31, 2015 ( $298.2 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 consolidated senior secured leverage ratio was calculated pursuant to the Credit Agreement by dividing the consolidated senior secured debt outstanding at December 31, 2015 ( $375.7 million ) by consolidated EBITDA for the 12-month period ending December 31, 2015 ( $298.2 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 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 December 31, 2015 ( $537.4 million ), by consolidated fixed charges for the 12-month period ending December 31, 2015 ( $287.9 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 our senior credit facilities 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 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 credit 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 credit 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 debt discussed above, we maintain a $20.0 million unsecured, revolving line of credit with INTRUST Bank, N.A. to facilitate cash management. The line of credit generally renews on August 21 of each year. Borrowings under the line of credit bear interest at the greater of a variable rate or 2.00% . The table below shows the scheduled maturity dates of our outstanding debt at December 31, 2015. Term Loan Revolving Facility INTRUST Line of Credit Total Year Ending December 31, (In thousands) 2016 $ 2,250 $ — $ 14,570 $ 16,820 2017 2,250 — — 2,250 2018 2,250 — — 2,250 2019 2,250 190,000 — 192,250 2020 2,250 — — 2,250 Thereafter 209,813 — — 209,813 $ 221,063 $ 190,000 $ 14,570 $ 425,633

Subsidiary Guarantors - Senior

Subsidiary Guarantors - Senior Notes	12 Months Ended
	Dec. 31, 2015
Senior Notes [Abstract]
Subsidiary Guarantors - Senior Notes	Note I — Subsidiary Guarantors – Senior Notes 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 December 31, 2015 and 2014 were $292.7 million and $300.0 million , respectively. During 2015, we repurchased $7.3 million of these bonds in the open market at a price of 99.5% plus accrued interest. On May 2, 2013, we issued $250.0 million in senior unsecured notes due May 2021, bearing interest at 4.750% , 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 principal amount of the 4.750% notes outstanding as of December 31, 2015 and 2014 was $250.0 million . The indenture governing the 6.625% notes and the 4.750% 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 when total leverage is greater than 2.5 :1 (subject to an exception for cash dividends in an amount not to exceed $20 million annually); 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 4.750% 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 senior credit facilities. 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.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note J — Commitments and Contingencies Leases We lease space for substantially all of our Core U.S. and Mexico stores, certain support facilities and the majority of our delivery vehicles under operating leases expiring at various times through 2023. Certain of the store leases contain escalation clauses for increased taxes and operating expenses. Rental expense was $239.2 million , $244.3 million and $240.9 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. Future minimum rental payments under operating leases with remaining lease terms in excess of one year at December 31, 2015 are as follows: Operating Leases Year Ending December 31, (In thousands) 2016 $ 174,120 2017 139,674 2018 99,771 2019 63,583 2020 32,175 Thereafter 7,182 $ 516,505 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. Franchising 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 $9.3 million was outstanding as of December 31, 2015 .

Other Charges and Credits

Other Charges and Credits	12 Months Ended
	Dec. 31, 2015
Vendor Settlement Credit [Abstract]
Other Charges and Credits	Note K — Other Charges and Credits Write-down of Rental Merchandise. During 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. 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 of approximately $6.8 million 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 for the year ended December 31, 2014.

Other Charges

Other Charges	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	Note L — Other Charges Sale of Stores. During 2015, we incurred losses of $7.2 million on the sale of 40 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 losses on the sale and closure of other Core U.S. stores of $1.1 million and $1.8 million in 2015 and 2014, respectively. 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 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 rental merchandise, $ 2.7 million in early lease termination costs and $0.3 million of other operating costs to decommission the stores. During 2014, we closed 150 Core U.S. stores and merged those accounts into existing Core U.S. stores, resulting in a restructuring charge of $4.9 million . 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 $0.4 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 a pre-tax restructuring charge of $3.0 million in the Mexico segment 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 and we incurred other charges to close existing warehouse space and terminate employees. The charges for these items were approximately $2.8 million for the year ended December 31, 2015, reflected in the Core U.S. segment. Corporate Restructuring. During 2015 and 2014, we eliminated certain departments and functions in our field support center as a part of our efforts to transform and modernize our operations company-wide. This resulted in restructuring charges for severance and other payroll-related costs of approximately $2.0 million and $2.8 million for the years ended December 31, 2015 and 2014, respectively. Impairment Charge. During 2014, we recorded a $4.6 million impairment charge related to internally-developed computer software that was placed into service in 2014. We determined that certain components developed for our new store management information system would not be utilized.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2015
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note M — Stock-Based Compensation We maintain long-term incentive plans for the benefit of certain employees and directors. Our plans consist of the Rent-A-Center, Inc. Amended and Restated Long-Term Incentive Plan (the “Prior Plan”), the Rent-A-Center, Inc. 2006 Long-Term Incentive Plan (the “2006 Plan”), and the Rent-A-Center, Inc. 2006 Equity Incentive Plan (the “Equity Incentive Plan”), which are collectively known as the “Plans.” The 2006 Plan authorizes the issuance of 7,000,000 shares of Rent-A-Center’s common stock that may be issued pursuant to awards granted under the 2006 Plan, of which no more than 3,500,000 shares may be issued in the form of restricted stock, deferred stock or similar forms of stock awards which have value without regard to future appreciation in value of or dividends declared on the underlying shares of common stock. In applying these limitations, the following shares will be deemed not to have been issued: (1) shares covered by the unexercised portion of an option that terminates, expires, or is canceled or settled in cash, and (2) shares that are forfeited or subject to awards that are forfeited, canceled, terminated or settled in cash. At December 31, 2015 and 2014 , there were 1,762,142 and 1,955,950 shares, respectively, allocated to equity awards outstanding in the 2006 Plan. We acquired the Equity Incentive Plan (formerly known as the Rent-Way, Inc. 2006 Equity Incentive Plan) in conjunction with our acquisition of Rent-Way in 2006. There were 2,468,461 shares of our common stock reserved for issuance under the Equity Incentive Plan. There were 1,587,693 and 1,269,197 shares allocated to equity awards outstanding in the Equity Incentive Plan at December 31, 2015 and 2014 , respectively. Under the Prior Plan, 14,562,865 shares of Rent-A-Center’s common stock were reserved for issuance under stock options, stock appreciation rights or restricted stock grants. There were no grants of stock appreciation rights and all equity awards were granted with fixed prices. At December 31, 2015 and 2014 , there were 21,175 and 48,349 shares, respectively, allocated to equity awards outstanding under the Prior Plan. The Prior Plan was terminated on May 19, 2006, upon the approval by our stockholders of the 2006 Plan. Options granted to our employees generally become exercisable over a period of 1 to 4 years from the date of grant and may be exercised up to a maximum of 10 years from the date of grant. Options granted to directors were immediately exercisable. We grant restricted stock units to certain employees that vest after a three-year service requirement has been met. We recognize expense for these awards using the straight-line method over the requisite service period based on the number of awards expected to vest. We also grant performance-based restricted stock units that vest between 0% and 200% depending on our stock performance against an index using a total shareholder return formula established at the date of grant for the subsequent three-year period. We record expense for these awards over the requisite service period, net of the expected forfeiture rate, since the employee must maintain employment to vest in the award. Stock-based compensation expense for the years ended December 31, 2015 , 2014 and 2013 is as follows (in thousands): Year Ended December 31, 2015 2014 2013 Stock options $ 4,030 $ 5,044 $ 3,944 Restricted share units 5,511 1,515 2,512 Total stock-based compensation expense 9,541 6,559 6,456 Tax benefit recognized in the statements of earnings 1,715 2,117 2,464 Stock-based compensation expense, net of tax $ 7,826 $ 4,442 $ 3,992 We issue new shares of stock to satisfy option exercises and the vesting of restricted stock units. The fair value of unvested options that we expect to result in compensation expense was approximately $6.9 million with a weighted average number of years to vesting of 2.57 at December 31, 2015 . Information with respect to stock option activity related to the Plans follows: Equity Awards Outstanding Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (In thousands) Balance outstanding at January 1, 2015 2,625,964 $ 30.63 Granted 717,265 29.23 Exercised (65,366 ) 22.72 Forfeited (254,447 ) 31.10 Expired (149,050 ) 32.35 Balance outstanding at December 31, 2015 2,874,366 $ 30.33 6.82 $ 17 Exercisable at December 31, 2015 1,325,966 $ 30.18 5.06 $ 17 The intrinsic value of options exercised during the years ended December 31, 2015, 2014 and 2013 was $0.5 million , $1.9 million and $5.8 million , respectively, resulting in tax benefits of $0.1 million , $0.3 million and $0.4 million , respectively, which are reflected as an outflow from operating activities and an inflow from financing activities in the consolidated statements of cash flows. The weighted average fair values of the options granted under the Plans were calculated using the Black-Scholes method. The weighted average grant date fair value and weighted average assumptions used in the option pricing models are as follows: Year Ended December 31, 2015 2014 2013 Weighted average grant date fair value $ 6.34 $ 6.49 $ 9.27 Weighted average risk free interest rate 1.42 % 1.54 % 0.88 % Weighted average expected dividend yield 3.32 % 3.28 % 2.34 % Weighted average expected volatility 33.28 % 34.77 % 37.88 % Weighted average expected life (in years) 5.05 5.00 4.43 Information with respect to non-vested restricted stock unit activity follows: Restricted Awards Outstanding Weighted Average Grant Date Fair Value Balance outstanding at January 1, 2015 635,573 $ 28.53 Granted 582,020 27.85 Vested (56,421 ) 35.78 Forfeited (293,417 ) 31.29 Balance outstanding at December 31, 2015 867,755 $ 26.67 Restricted stock units are valued using the closing price reported by the Nasdaq Global Select Market on the trading day immediately preceding the day of the grant. Unrecognized compensation expense for unvested restricted stock units at December 31, 2015 , was approximately $8.7 million expected to be recognized over a weighted average period of 1.77 years.

Deferred Compensation Plan

Deferred Compensation Plan	12 Months Ended
	Dec. 31, 2015
Deferred Compensation Liability [Abstract]
Deferred Compensation Plan	Note N — Deferred Compensation Plan The Rent-A-Center, Inc. Deferred Compensation Plan (the “Deferred Compensation Plan”) is an unfunded, nonqualified deferred compensation plan for a select group of our key management personnel and highly compensated employees . The Deferred Compensation Plan first became available to eligible employees in July 2007, with deferral elections taking effect as of August 3, 2007. The Deferred Compensation Plan allows participants to defer up to 50% of their base compensation and up to 100% of any bonus compensation. Participants may invest the amounts deferred in measurement funds that are the same funds offered as the investment options in the Rent-A-Center, Inc. 401(k) Retirement Savings Plan. We may make discretionary contributions to the Deferred Compensation Plan, which are subject to a three-year graded vesting schedule based on the participant’s years of service with us. We are obligated to pay the deferred compensation amounts in the future in accordance with the terms of the Deferred Compensation Plan. Assets and associated liabilities of the Deferred Compensation Plan are included in prepaid and other assets and accrued liabilities in our consolidated balance sheets. For the years ended December 31, 2015 , 2014 and 2013 , we made matching cash contributions of $0.4 million , $0.3 million and $0.4 million , respectively, which represents 50% of the employees’ contributions to the Deferred Compensation Plan up to an amount not to exceed 4% of each employee's respective compensation. No other discretionary contributions were made for the years ended December 31, 2015 , 2014 and 2013 . The deferred compensation plan liability was approximately $10.5 million and $9.7 million as of December 31, 2015 and 2014 , respectively.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2015
Employee Benefit Plan [Abstract]
Employee Benefit Plan	Note O — 401(k) Plan We sponsor a defined contribution pension plan under Section 401(k) of the Internal Revenue Code for certain employees who have completed at least three months of service. Employees may elect to contribute up to 50% of their eligible compensation on a pre-tax basis, subject to limitations. We may make discretionary contributions to the 401(k) plan. Employer matching contributions are subject to a three-year graded vesting schedule based on the participant's years of service with us. For the years ended December 31, 2015 , 2014 and 2013 , we made matching cash contributions of $7.2 million , $6.7 million and $6.6 million , respectively, which represents 50% of the employees’ contributions to the 401(k) plan up to an amount not to exceed 4% of each employee's respective compensation. Employees are permitted to elect to purchase our common stock as part of their 401(k) plan. As of December 31, 2015 and 2014 , 4.5% and 7.2% , respectively, of the total plan assets consisted of our common stock.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value	Note P — 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 December 31, 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 December 31, 2015 and 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 December 31, 2015 and 2014 (in thousands): December 31, 2015 December 31, 2014 Carrying Value Fair Value Difference Carrying Value Fair Value Difference 6.625% senior notes $ 292,740 $ 248,097 $ (44,643 ) $ 300,000 $ 284,250 $ (15,750 ) 4.75% senior notes 250,000 183,125 (66,875 ) 250,000 214,375 (35,625 ) Total $ 542,740 $ 431,222 $ (111,518 ) $ 550,000 $ 498,625 $ (51,375 )

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note R — 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 (including tablets and smartphones), furniture and accessories. Reportable segments and their respective operations are defined as follows: Our Core U.S. segment primarily operates rent-to-own stores in the United States, Canada and Puerto Rico whose customers enter into weekly, semi-monthly or monthly rental purchase agreements, which renew automatically upon receipt of each payment. We retain the title to the merchandise during the term of the rental purchase agreement and ownership passes to the customer if the customer has continuously renewed the rental purchase agreement through the end of the term or exercises a specified early purchase option. This segment also includes the 45 stores operating in two states that utilize a retail model which generates installment credit sales through a retail sale transaction. Segment assets include cash, receivables, rental merchandise, property assets, goodwill and other intangible assets. Our Acceptance Now segment operates kiosks within various traditional retailers’ locations where we generally offer the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer. The transaction offered is generally similar to that of the Core U.S. segment; however, the majority of the customers in this segment enter into monthly rather than weekly agreements. Segment assets include cash, rental merchandise, property assets, goodwill and other intangible assets. Our Mexico segment currently consists of our company-owned rent-to-own stores in Mexico. The nature of this segment's operations and assets are the same as our Core U.S. segment. The stores in our Franchising segment use Rent-A-Center’s, ColorTyme’s or RimTyme’s trade names, service marks, trademarks and logos, and operate under distinctive operating procedures and standards. Franchising’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 program. As franchisor, Franchising receives royalties of 2.0% to 6.0% of the franchisees' monthly gross revenue and initial fees for new locations. Segment assets include cash, franchise fee receivables, property assets and intangible assets. Segment information as of and for the years ended December 31, 2015 , 2014 and 2013 is as follows (in thousands): Year Ended December 31, 2015 2014 2013 Revenues Core U.S. $ 2,371,823 $ 2,414,659 $ 2,527,660 Acceptance Now 818,325 644,853 489,425 Mexico 63,803 72,202 47,171 Franchising 24,469 26,082 29,762 Total revenues $ 3,278,420 $ 3,157,796 $ 3,094,018 Year Ended December 31, 2015 2014 2013 Gross profit Core U.S. $ 1,644,840 $ 1,753,269 $ 1,822,243 Acceptance Now 420,980 372,012 290,647 Mexico 42,354 51,070 33,945 Franchising 9,935 8,012 6,658 Total gross profit $ 2,118,109 $ 2,184,363 $ 2,153,493 Year Ended December 31, 2015 2014 2013 Operating profit (loss) Core U.S. $ (959,447 ) $ 264,967 $ 311,301 Acceptance Now 123,971 112,918 89,075 Mexico (14,149 ) (21,961 ) (22,828 ) Franchising 5,793 3,295 1,853 Total segment operating profit (loss) (843,832 ) 359,219 379,401 Corporate (164,056 ) (165,757 ) (132,392 ) Total operating profit (loss) $ (1,007,888 ) $ 193,462 $ 247,009 Year Ended December 31, 2015 2014 2013 Depreciation, amortization and write-down of intangibles Core U.S. $ 49,137 $ 57,324 $ 62,974 Acceptance Now 3,334 2,917 2,287 Mexico 5,160 6,683 5,450 Franchising 185 184 79 Total segments 57,816 67,108 70,790 Corporate 22,904 16,060 16,122 Total depreciation, amortization and write-down of intangibles $ 80,720 $ 83,168 $ 86,912 During the years ended December 31, 2015, 2014 and 2013, we recognized goodwill impairment charges of $1,170.0 million , $0.0 million and $1.1 million , respectively, in the Core U.S. segment, not included in the table above. Year Ended December 31, 2015 2014 2013 Capital expenditures Core U.S. $ 21,739 $ 31,228 $ 44,715 Acceptance Now 2,473 3,833 3,047 Mexico 204 4,164 11,537 Franchising — — — Total segments 24,416 39,225 59,299 Corporate 56,454 44,560 49,068 Total capital expenditures $ 80,870 $ 83,785 $ 108,367 December 31, 2015 2014 2013 On rent rental merchandise, net Core U.S. $ 540,004 $ 593,945 $ 611,375 Acceptance Now 350,046 345,703 284,421 Mexico 17,575 20,766 17,680 Total on rent rental merchandise, net $ 907,625 $ 960,414 $ 913,476 December 31, 2015 2014 2013 Idle rental merchandise, net Core U.S. $ 215,327 $ 264,211 $ 195,926 Acceptance Now 5,000 4,897 3,837 Mexico 8,520 8,334 10,959 Total idle rental merchandise, net $ 228,847 $ 277,442 $ 210,722 December 31, 2015 2014 2013 Assets by segment Core U.S. $ 1,240,593 $ 2,519,770 $ 2,479,297 Acceptance Now 426,827 420,660 358,305 Mexico 38,898 59,841 69,826 Franchising 2,723 2,604 1,688 Total segments 1,709,041 3,002,875 2,909,116 Corporate 277,967 268,322 109,059 Total assets $ 1,987,008 $ 3,271,197 $ 3,018,175 December 31, 2015 2014 2013 Assets by country United States $ 1,943,216 $ 3,204,283 $ 2,940,980 Mexico 38,898 59,841 69,826 Canada 4,894 7,073 7,369 Total assets $ 1,987,008 $ 3,271,197 $ 3,018,175 Approximately 85% of our total revenues are comprised of rental and fee revenues from the following product groups: Year Ended December 31, 2015 2014 2013 (In thousands) Furniture and accessories $ 955,576 $ 938,065 $ 917,290 Consumer electronics 626,668 642,226 667,052 Appliances 415,278 422,979 432,937 Computers 207,906 307,325 347,783 Smartphones 163,667 68,015 — Other products and services 412,220 367,218 330,833 Total rentals and fees $ 2,781,315 $ 2,745,828 $ 2,695,895 Our revenues originate in the following countries: Year Ended December 31, 2015 2014 2013 (In thousands) United States $ 3,209,736 $ 3,075,387 $ 3,035,558 Mexico 63,803 72,202 47,171 Canada 4,881 10,207 11,289 Total revenues $ 3,278,420 $ 3,157,796 $ 3,094,018

Stock Repurchase Plan

Stock Repurchase Plan	12 Months Ended
	Dec. 31, 2015
Stock Repurchase Plan [Abstract]
Stock Repurchase Plan	Note Q — Stock Repurchase Plan Under our current common stock repurchase program, our Board of Directors has authorized the purchase, from time to time, in the open market and privately negotiated transactions, of up to an aggregate of $1.25 billion of Rent-A-Center common stock. We have repurchased a total of 36,994,653 shares of Rent-A-Center common stock for an aggregate purchase price of $994.8 million as of December 31, 2015 , under this common stock repurchase program. No shares were repurchased during 2015 and 2014.

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	Note S — Earnings Per Common Share Summarized basic and diluted earnings per common share were calculated as follows (in thousands, except per share data): Year Ended December 31, 2015 2014 2013 Numerator: Net earnings (loss) $ (866,628 ) $ 96,422 $ 128,757 Denominator: Weighted-average shares outstanding 53,050 52,850 54,804 Effect of dilutive stock awards — 276 358 Weighted-average dilutive shares 53,050 53,126 55,162 Basic earnings (loss) per share $ (16.34 ) $ 1.82 $ 2.35 Diluted earnings (loss) per share $ (16.34 ) $ 1.81 $ 2.33 Diluted loss per common share for the year ended December 31, 2015, did not include the effect of dilutive stock awards because the result would have been anti-dilutive. For 2015 , 2014 , and 2013 , the number of stock options that were outstanding but not included in the computation of diluted earnings per common share because their exercise price was greater than the average market price of the common stock and, therefore anti-dilutive, were 2,585,711 , 2,496,147 , and 1,507,355 , respectively.

Unaudited Quarterly Data

Unaudited Quarterly Data	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Data [Abstract]
Unaudited Quarterly Data	Note T — Unaudited Quarterly Data Summarized quarterly financial data for the years ended December 31, 2015 , and 2014 is as follows: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter (In thousands, except per share data) Year Ended December 31, 2015 Revenues $ 877,639 $ 815,343 $ 791,605 $ 793,833 Gross profit 564,593 538,529 488,612 526,375 Operating profit 56,598 49,701 6,565 (1,120,752 ) Net earnings (loss) 27,298 23,147 (4,092 ) (912,981 ) Basic earnings (loss) per common share $ 0.51 $ 0.44 $ (0.08 ) $ (17.20 ) Diluted earnings (loss) per common share $ 0.51 $ 0.43 $ (0.08 ) $ (17.20 ) Cash dividends declared per common share $ 0.24 $ 0.24 $ 0.24 $ 0.24 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter (In thousands, except per share data) Year Ended December 31, 2014 Revenues $ 828,473 $ 768,426 $ 764,363 $ 796,534 Gross profit 562,550 537,024 539,758 545,031 Operating profit 59,458 40,390 45,920 47,694 Net earnings 27,266 17,681 25,925 25,550 Basic earnings per common share $ 0.52 $ 0.33 $ 0.49 $ 0.48 Diluted earnings per common share $ 0.51 $ 0.33 $ 0.49 $ 0.48 Cash dividends declared per common share $ 0.23 $ 0.23 $ 0.23 $ 0.24

Nature of Operations and Summ30

Nature of Operations and Summary of Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 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.
Rental Merchandise	Rental Merchandise Rental merchandise is carried at cost, net of accumulated depreciation. Depreciation for merchandise is generally provided using the income forecasting method, which is intended to match as closely as practicable the recognition of depreciation expense with the consumption of the rental merchandise, and assumes no salvage value. The consumption of rental merchandise occurs during periods of rental and directly coincides with the receipt of rental revenue over the rental purchase agreement period. Under the income forecasting method, merchandise held for rent is not depreciated and merchandise on rent is depreciated in the proportion of rents received to total rents provided in the rental contract, which is an activity-based method similar to the units of production method. We depreciate merchandise (including computers, tablets and smartphones) that is held for rent for at least 180 consecutive days using the straight-line method over a period generally not to exceed 18 months . Rental merchandise which is damaged and inoperable is expensed when such impairment occurs. If a customer does not return the merchandise or make payment, the remaining book value of the rental merchandise associated with delinquent accounts is generally charged off on or before the 90 th day following the time the account became past due in the Core U.S. segment, on or before the 150 th day in the Acceptance Now segment and on or before the 60 th day in the Mexico segment. We maintain a reserve for these expected expenses. In addition, any minor repairs made to rental merchandise are expensed at the time of the repair.
Cash Equivalents	Cash Equivalents Cash equivalents include all highly liquid investments with an original maturity of three months or less. We maintain cash and cash equivalents at several financial institutions, which at times may not be federally insured or may exceed federally insured limits. We have not experienced any losses in such accounts and believe we are not exposed to any significant credit risks on such accounts.
Revenue	Revenues Merchandise is rented to customers pursuant to rental purchase agreements which provide for weekly, semi-monthly or monthly rental terms with non-refundable rental payments. Generally, the customer has the right to acquire title either through a purchase option or through payment of all required rentals. Rental revenue and fees are recognized over the rental term and merchandise sales revenue is recognized when the customer exercises the purchase option and pays the cash price due. Cash received prior to the period in which it should be recognized is deferred and recognized according to the rental term. Revenue is accrued for uncollected amounts due based on historical collection experience. However, the total amount of the rental purchase agreement is not accrued because the customer can terminate the rental agreement at any time and we cannot enforce collection for non-payment of future rents. Revenues from the sale of merchandise in our retail installment stores are recognized when the installment note is signed, the customer has taken possession of the merchandise and collectability is reasonably assured. Revenues from the sale of rental merchandise are recognized upon shipment of the merchandise to the franchisee. Franchise royalty income and fee revenue is recognized upon completion of substantially all services and satisfaction of all material conditions required under the terms of the franchise agreement. Some franchisees purchase directly from a supplier but request reimbursement through ColorTyme Finance, Inc. and we recognize revenue for the commission we earn on these transactions.
Receivables and Allowance for Doubtful Accounts	Receivables and Allowance for Doubtful Accounts The installment notes receivable associated with the sale of merchandise at our Get It Now and Home Choice stores generally consists of the sales price of the merchandise purchased and any additional fees for services the customer has chosen, less the customer’s down payment. No interest is accrued and interest income is recognized each time a customer makes a payment, generally on a monthly basis. We have established an allowance for doubtful accounts for our installment notes receivable. Our policy for determining the allowance is based on historical loss experience, as well as the results of management’s review and analysis of the payment and collection of the installment notes receivable within the previous year. We believe our allowance is adequate to absorb any known or probable losses. Our policy is to charge off installment notes receivable that are 120 days or more past due. Charge-offs are applied as a reduction to the allowance for doubtful accounts and any recoveries of previously charged off balances are applied as an increase to the allowance for doubtful accounts. The majority of Franchising’s trade and notes receivable relate to amounts due from franchisees. Credit is extended based on an evaluation of a franchisee’s financial condition and collateral is generally not required. Trade receivables are due within 30 days and are stated at amounts due from franchisees net of an allowance for doubtful accounts. Accounts that are outstanding longer than the contractual payment terms are considered past due. Franchising determines its allowance by considering a number of factors, including the length of time receivables are past due, Franchising’s previous loss history, the franchisee’s current ability to pay its obligation to Franchising, and the condition of the general economy and the industry as a whole. Franchising writes off trade receivables that are 120 days or more past due and payments subsequently received on such receivables are credited to the allowance for doubtful accounts.
Property Assets and Related Depreciation	Property Assets and Related Depreciation Furniture, equipment and vehicles are stated at cost less accumulated depreciation. Depreciation is provided over the estimated useful lives of the respective assets (generally five years) by the straight-line method. Our building is depreciated over 40 years. Leasehold improvements are amortized over the useful life of the asset or the initial term of the applicable leases by the straight-line method, whichever is shorter. We have incurred costs to develop computer software for internal use. We capitalize the costs incurred during the application development stage, which includes designing the software configuration and interfaces, coding, installation, and testing. Costs incurred during the preliminary stages along with post-implementation stages of internally developed software are expensed as incurred. Internally developed software costs, once placed in service, are amortized over various periods up to ten years. We incur repair and maintenance expenses on our vehicles and equipment. These amounts are recognized when incurred, unless such repairs significantly extend the life of the asset, in which case we amortize the cost of the repairs for the remaining life of the asset utilizing the straight-line method.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets We record goodwill when the consideration paid for an acquisition exceeds the fair value of the identifiable net tangible and identifiable intangible assets acquired. Goodwill is not subject to amortization but must be periodically evaluated for impairment. Impairment occurs when the carrying value of goodwill is not recoverable from future cash flows. We perform an assessment of goodwill for impairment at the reporting unit level annually as of October 1, or when events or circumstances indicate that impairment may have occurred. Our reporting units are generally our reportable operating segments. Factors which could necessitate an interim impairment assessment include a sustained decline in our stock price, prolonged negative industry or economic trends and significant underperformance relative to expected historical or projected future operating results. We determine the fair value of each reporting unit using methodologies which include the present value of estimated future cash flows and comparisons of multiples of enterprise values to earnings before interest, taxes, depreciation and amortization. The analysis is based upon available information regarding expected future cash flows and discount rates. Discount rates are based upon our cost of capital. We use a two-step approach to assess goodwill impairment. If the fair value of the reporting unit exceeds its carrying value, then the goodwill is not deemed impaired. If the carrying value of the reporting unit exceeds fair value, we perform a second analysis to measure the fair value of all assets and liabilities within the reporting unit, and if the carrying value of goodwill exceeds its implied fair value, goodwill is considered impaired. The amount of the impairment is the difference between the carrying value of goodwill and the implied fair value, which is calculated as if the reporting unit had just been acquired and accounted for as a business combination. Acquired customer relationships are amortized utilizing the straight-line method over a 21 month period, non-compete agreements are amortized using the straight-line method over the contractual life of the agreements, vendor relationships are amortized using the straight-line method over a 7 or 15 year period, other intangible assets are amortized using the straight-line method over the life of the asset.
Accounting for Impairment of Long-Lived Assets	Accounting for Impairment of Long-Lived Assets We evaluate all long-lived assets, including intangible assets, excluding goodwill, for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. Impairment is recognized when the carrying amounts of such assets cannot be recovered by the undiscounted net cash flows they will generate.
Self Insurance Liabilities	Self-Insurance Liabilities We have self-insured retentions with respect to losses under our workers' compensation, general liability, vehicle liability and health insurance programs. We establish reserves for our liabilities associated with these losses by obtaining forecasts for the ultimate expected losses and estimating amounts needed to pay losses within our self-insured retentions. We make assumptions on our liabilities within our self-insured retentions using actuarial loss forecasts, company-specific development factors, general industry loss development factors, and third-party claim administrator loss estimates which are based on known facts surrounding individual claims. These assumptions incorporate expected increases in health care costs. Periodically, we reevaluate our estimate of liability within our self-insured retentions. At that time, we evaluate the adequacy of our reserves by comparing amounts reserved on our balance sheet for anticipated losses to our updated actuarial loss forecasts and third-party claim administrator loss estimates, and make adjustments to our reserves as needed.
Foreign Currency Translation	Foreign Currency Translation The functional currency of our foreign operations is the applicable local currency. Assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the current rate of exchange on the last day of the reporting period. Revenues and expenses are generally translated at a daily exchange rate and equity transactions are translated using the actual rate on the day of the transaction.
Other Comprehensive Income [Policy Text Block]	Other Comprehensive Income Other comprehensive income is comprised exclusively of our foreign currency translation adjustment.
Income Taxes	Income Taxes We record deferred taxes for temporary differences between the tax and financial reporting bases of assets and liabilities at the enacted tax rate expected to be in effect when taxes become payable. Income tax accounting requires management to make estimates and apply judgments to events that will be recognized in one period under rules that apply to financial reporting in a different period in our tax returns. In particular, judgment is required when estimating the value of future tax deductions, tax credits and net operating loss carryforwards (NOLs), as represented by deferred tax assets. We evaluate the recoverability of these future tax deductions and credits by assessing the future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income rely heavily on estimates. We use our historical experience and our short- and long-range business forecasts to provide insight and assist us in determining recoverability. When it is determined the recovery of all or a portion of a deferred tax asset is not likely, a valuation allowance is established. We include NOLs in the calculation of deferred tax assets. NOLs are utilized to the extent allowable due to the provisions of the Internal Revenue Code of 1986, as amended, and relevant state statutes. We recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon the ultimate settlement with the relevant tax authority. A number of years may elapse before a particular matter, for which we have recorded a liability, is audited and effectively settled. We review our tax positions quarterly and adjust our liability for unrecognized tax benefits in the period in which we determine the issue is effectively settled with the tax authorities, the statute of limitations expires for the relevant taxing authority to examine the tax position, or when more information becomes available. We classify interest accrued related to unrecognized tax benefits as interest expense.
Sales Taxes	Sales Taxes We apply the net basis for sales taxes imposed on our goods and services in our consolidated statements of earnings. We are required by the applicable governmental authorities to collect and remit sales taxes. Accordingly, such amounts are charged to the customer, collected and remitted directly to the appropriate jurisdictional entity.
Earnings Per Common Share	Earnings (Loss) Per Common Share Basic earnings (loss) per common share are based upon the weighted average number of common shares outstanding during each period presented. Diluted earnings (loss) per common share are based upon the weighted average number of common shares outstanding during the period, plus, if dilutive, the assumed exercise of stock options at the beginning of the year, or for the period outstanding during the year for current year issuances.
Advertising Costs	Advertising Costs Costs incurred for producing and communicating advertising are expensed when incurred. Advertising expense was $96.2 million , $94.8 million and $92.6 million , for the years ended December 31, 2015 , 2014 and 2013 , respectively.
Stock-Based Compensation	Stock-Based Compensation We maintain long-term incentive plans for the benefit of certain employees and directors, which are described more fully in Note M. We recognize share-based payment awards to our employees and directors at the estimated fair value on the grant date. Determining the fair value of any share-based award requires information about several variables that include, but are not limited to, expected stock volatility over the terms of the award, expected dividend yields and the predicted employee exercise behavior. We base expected life on historical exercise and post-vesting employment-termination experience, and expected volatility on historical realized volatility trends. In addition, all stock-based compensation expense is recorded net of an estimated forfeiture rate. The forfeiture rate is based upon historical activity and is analyzed at least annually as actual forfeitures occur. Compensation costs are recognized net of estimated forfeitures over the requisite service period on a straight-line basis. We issue new shares to settle stock awards. Stock options are valued using a Black-Scholes pricing model. Time-vesting restricted stock units are valued using the closing price on the Nasdaq Global Select Market on the day before the grant date, adjusted for any provisions affecting fair value, such as the lack of dividends or dividend equivalents during the vesting period. Performance-based restricted stock units will vest in accordance with a total shareholder return formula, and are valued by a third-party valuation firm using Monte Carlo simulations. Stock-based compensation expense is reported within general and administrative expenses in the consolidated statements of earnings.
Reclassifications	Reclassifications Certain reclassifications have been made to the reported amounts for the prior periods to conform to the current period presentation. These reclassifications had no impact on net earnings or earnings per share in any period.
Use of Estimates	Use of Estimates In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent losses and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. In applying accounting principles, we must often make individual estimates and assumptions regarding expected outcomes or uncertainties. Our estimates, judgments and assumptions are continually evaluated based on available information and experience. Because of the use of estimates inherent in the financial reporting process, actual results could differ from those estimates.
New Accounting Pronouncements	New Accounting Pronouncements In 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. Adoption will be effective for Rent-A-Center beginning January 1, 2016, and will be applied on a retrospective basis. 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.

Receivables and Allowance for31

Receivables and Allowance for Doubtful Accounts (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Receivables	Receivables consist of the following: December 31, 2015 2014 (In thousands) Installment sales receivable $ 57,010 $ 56,516 Trade and notes receivables 15,924 12,999 Total 72,934 69,515 Less allowance for doubtful accounts (3,614 ) (4,023 ) Net receivables $ 69,320 $ 65,492
Changes in Allowance for Doubtful Accounts	Changes in our allowance for doubtful accounts are as follows: Year Ended December 31, 2015 2014 2013 (In thousands) Beginning Balance $ 4,023 $ 3,700 $ 2,920 Bad debt expense 15,260 15,509 14,589 Accounts written off (16,317 ) (15,718 ) (14,271 ) Recoveries 648 532 462 Ending Balance $ 3,614 $ 4,023 $ 3,700

Rental Merchandise (Table)

Rental Merchandise (Table)	12 Months Ended
	Dec. 31, 2015
Rental Merchandise [Abstract]
Rental Merchandise	Rental Merchandise December 31, 2015 2014 (In thousands) On rent Cost $ 1,527,384 $ 1,565,421 Less accumulated depreciation (619,759 ) (605,007 ) Net book value, on rent $ 907,625 $ 960,414 Held for rent Cost $ 297,956 $ 343,747 Less accumulated depreciation (69,109 ) (66,305 ) Net book value, held for rent $ 228,847 $ 277,442

Property Assets (Table)

Property Assets (Table)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property Assets	Property Assets December 31, 2015 2014 (In thousands) Furniture and equipment $ 409,076 $ 359,982 Transportation equipment 11,807 11,451 Building and leasehold improvements 294,221 314,343 Land and land improvements 6,747 6,853 Construction in progress 91,536 80,683 813,387 773,312 Less accumulated depreciation (482,448 ) (440,586 ) $ 330,939 $ 332,726

Intangible Assets and Acquisi34

Intangible Assets and Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2015
Intangible Assets and Acquisitions [Abstract]
Amortizable Intangible Assets	Amortizable intangible assets consist of the following (in thousands): December 31, 2015 December 31, 2014 Avg. Life (years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Non-compete agreements 3 $ 6,746 $ 5,724 $ 5,585 $ 5,435 Customer relationships 2 78,887 76,830 76,299 74,182 Vendor relationships 11 7,538 2,840 7,538 2,272 Total $ 93,171 $ 85,394 $ 89,422 $ 81,889
Aggregate Amortization Expense	Aggregate amortization expense (in thousands): Year Ended December 31, 2015 $ 3,333 Year Ended December 31, 2014 $ 2,955 Year Ended December 31, 2013 $ 2,491
Estimated Amortization Expense	Estimated amortization expense, assuming current intangible balances and no new acquisitions, for each of the years ending December 31, is as follows (in thousands): Estimated Amortization Expense 2016 $ 2,638 2017 1,089 2018 678 2019 678 2020 465 Thereafter 2,229 $ 7,777
Changes in Recorded Goodwill	A summary of the changes in recorded goodwill follows (in thousands): Year Ended December 31, 2015 2014 Beginning Balance $ 1,370,459 $ 1,364,549 Additions from acquisitions 12,942 14,562 Goodwill impairments and write-offs related to stores sold or closed (1,177,581 ) (8,458 ) Post purchase price allocation adjustments 302 (194 ) Ending Balance $ 206,122 $ 1,370,459
Acquisitions	The following table provides information concerning the acquisitions made during the years ended December 31, 2015 , 2014 and 2013 . Year Ended December 31, 2015 2014 2013 (Dollar amounts in thousands) Number of stores acquired remaining open 5 6 47 Number of stores acquired that were merged with existing stores 34 13 38 Number of transactions 24 26 47 Total purchase price $ 25,488 $ 26,653 $ 44,229 Amounts allocated to: Goodwill $ 12,942 $ 14,562 $ 28,282 Non-compete agreements 1,166 — 235 Customer relationships 2,625 1,525 2,959 Rental merchandise 8,755 9,731 11,843 Property and other assets — 835 910

Accrued Liabilities (Table)

Accrued Liabilities (Table)	12 Months Ended
	Dec. 31, 2015
Accrued Liabilities [Abstract]
Accrued Liabilities	Accrued Liabilities December 31, 2015 2014 (In thousands) Accrued insurance costs $ 121,844 $ 125,067 Deferred revenue 60,535 58,880 Accrued compensation 42,940 55,354 Taxes other than income 20,081 20,632 Accrued dividends 12,773 12,737 Deferred compensation 10,489 9,653 Deferred rent 6,882 9,585 Accrued interest payable 5,781 5,766 Accrued other 51,228 54,138 $ 332,553 $ 351,812

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Reconciliation of Income Tax Expense	A reconciliation of the federal statutory rate of 35% to actual follows: Year Ended December 31, 2015 2014 2013 Tax at statutory rate 35.0 % 35.0 % 35.0 % Goodwill impairment (18.8 )% — % — % State income taxes, net of federal benefit 2.8 % 1.8 % 2.6 % Effect of foreign operations, net of foreign tax credits (0.9 )% 0.3 % 0.4 % Effect of current and prior year credits 0.4 % (2.0 )% — % Adjustments to deferred taxes — % (2.4 )% — % Other, net (0.5 )% (0.4 )% 0.2 % Total 18.0 % 32.3 % 38.2 %
Components of Income Tax Expense	The components of income tax expense (benefit) are as follows: Year Ended December 31, 2015 2014 2013 (In thousands) Current expense (benefit) Federal $ 29,668 $ 14,943 $ 45,784 State (6,432 ) 4,032 5,888 Foreign 2,574 1,673 5,659 Total current 25,810 20,648 57,331 Deferred expense (benefit) Federal (175,842 ) 24,556 20,721 State (39,331 ) (90 ) 2,521 Foreign (589 ) 817 (1,134 ) Total deferred (215,762 ) 25,283 22,108 Total $ (189,952 ) $ 45,931 $ 79,439
Deferred Tax Assets (Liabilities)	Deferred tax assets (liabilities) consist of the following: December 31, 2015 2014 (In thousands) Deferred tax assets State net operating loss carryforwards $ 16,032 $ 16,937 Foreign net operating loss carryforwards 20,396 18,182 Accrued liabilities 62,115 72,058 Intangible assets 56,609 — Property assets 3,308 — Other assets including credits 5,413 6,993 Foreign tax credit carryforwards 13,576 12,306 177,449 126,476 Valuation allowance (31,829 ) (24,709 ) Deferred tax liabilities Rental merchandise (263,158 ) (285,371 ) Property assets — (2,222 ) Intangible assets — (157,527 ) (263,158 ) (445,120 ) Net deferred taxes $ (117,538 ) $ (343,353 )
Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits follows (in thousands): Year Ended December 31, 2015 2014 2013 Balance at beginning of year $ 13,376 $ 13,173 $ 10,167 Additions based on tax positions related to current year 1,508 425 50 Additions for tax positions of prior years 20,684 2,400 3,742 Reductions for tax positions of prior years (8,354 ) (2,225 ) (786 ) Settlements (50 ) (397 ) — Balance at end of year $ 27,164 $ 13,376 $ 13,173

Senior Debt (Tables)

Senior Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Senior Debt [Abstract]
Debt Facilities	The debt facilities as of December 31, 2015 and 2014 are as follows: December 31, 2015 December 31, 2014 Facility Maturity Maximum Facility Amount Outstanding Amount Available Maximum Facility Amount Outstanding Amount Available (In thousands) Senior Debt: Term Loan March 19, 2021 $ 225,000 $ 221,063 $ — $ 225,000 $ 223,313 $ — Revolving Facility March 19, 2019 675,000 190,000 390,300 675,000 255,000 315,600 900,000 411,063 390,300 900,000 478,313 315,600 Other Indebtedness: Line of credit August 21, 2016 20,000 14,570 5,430 20,000 14,500 5,500 Total $ 920,000 $ 425,633 $ 395,730 $ 920,000 $ 492,813 $ 321,100
Financial Covenants Ratios	Required Ratio Actual Ratio Consolidated total leverage ratio No greater than 4.25:1 3.13:1 Consolidated senior secured leverage ratio No greater than 2.75:1 1.26:1 Consolidated fixed charge coverage ratio No less than 1.75:1 1.87:1
Scheduled Maturity Dates	The table below shows the scheduled maturity dates of our outstanding debt at December 31, 2015. Term Loan Revolving Facility INTRUST Line of Credit Total Year Ending December 31, (In thousands) 2016 $ 2,250 $ — $ 14,570 $ 16,820 2017 2,250 — — 2,250 2018 2,250 — — 2,250 2019 2,250 190,000 — 192,250 2020 2,250 — — 2,250 Thereafter 209,813 — — 209,813 $ 221,063 $ 190,000 $ 14,570 $ 425,633

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Operating Leases	Future minimum rental payments under operating leases with remaining lease terms in excess of one year at December 31, 2015 are as follows: Operating Leases Year Ending December 31, (In thousands) 2016 $ 174,120 2017 139,674 2018 99,771 2019 63,583 2020 32,175 Thereafter 7,182 $ 516,505

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Stock-Based Compensation [Abstract]
Stock-based Compensation Expense	Stock-based compensation expense for the years ended December 31, 2015 , 2014 and 2013 is as follows (in thousands): Year Ended December 31, 2015 2014 2013 Stock options $ 4,030 $ 5,044 $ 3,944 Restricted share units 5,511 1,515 2,512 Total stock-based compensation expense 9,541 6,559 6,456 Tax benefit recognized in the statements of earnings 1,715 2,117 2,464 Stock-based compensation expense, net of tax $ 7,826 $ 4,442 $ 3,992
Stock Options Activity	Information with respect to stock option activity related to the Plans follows: Equity Awards Outstanding Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (In thousands) Balance outstanding at January 1, 2015 2,625,964 $ 30.63 Granted 717,265 29.23 Exercised (65,366 ) 22.72 Forfeited (254,447 ) 31.10 Expired (149,050 ) 32.35 Balance outstanding at December 31, 2015 2,874,366 $ 30.33 6.82 $ 17 Exercisable at December 31, 2015 1,325,966 $ 30.18 5.06 $ 17
Assumptions Used in Fair Value Calculation of Stock Options	he weighted average fair values of the options granted under the Plans were calculated using the Black-Scholes method. The weighted average grant date fair value and weighted average assumptions used in the option pricing models are as follows: Year Ended December 31, 2015 2014 2013 Weighted average grant date fair value $ 6.34 $ 6.49 $ 9.27 Weighted average risk free interest rate 1.42 % 1.54 % 0.88 % Weighted average expected dividend yield 3.32 % 3.28 % 2.34 % Weighted average expected volatility 33.28 % 34.77 % 37.88 % Weighted average expected life (in years) 5.05 5.00 4.43
Nonvested Restricted Stock Units Activity	Information with respect to non-vested restricted stock unit activity follows: Restricted Awards Outstanding Weighted Average Grant Date Fair Value Balance outstanding at January 1, 2015 635,573 $ 28.53 Granted 582,020 27.85 Vested (56,421 ) 35.78 Forfeited (293,417 ) 31.29 Balance outstanding at December 31, 2015 867,755 $ 26.67

Fair Value Fair Value (Tables)

Fair Value Fair Value (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2015 and 2014 (in thousands): December 31, 2015 December 31, 2014 Carrying Value Fair Value Difference Carrying Value Fair Value Difference 6.625% senior notes $ 292,740 $ 248,097 $ (44,643 ) $ 300,000 $ 284,250 $ (15,750 ) 4.75% senior notes 250,000 183,125 (66,875 ) 250,000 214,375 (35,625 ) Total $ 542,740 $ 431,222 $ (111,518 ) $ 550,000 $ 498,625 $ (51,375 )

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Information, by Segment	Segment information as of and for the years ended December 31, 2015 , 2014 and 2013 is as follows (in thousands): Year Ended December 31, 2015 2014 2013 Revenues Core U.S. $ 2,371,823 $ 2,414,659 $ 2,527,660 Acceptance Now 818,325 644,853 489,425 Mexico 63,803 72,202 47,171 Franchising 24,469 26,082 29,762 Total revenues $ 3,278,420 $ 3,157,796 $ 3,094,018 Year Ended December 31, 2015 2014 2013 Gross profit Core U.S. $ 1,644,840 $ 1,753,269 $ 1,822,243 Acceptance Now 420,980 372,012 290,647 Mexico 42,354 51,070 33,945 Franchising 9,935 8,012 6,658 Total gross profit $ 2,118,109 $ 2,184,363 $ 2,153,493 Year Ended December 31, 2015 2014 2013 Operating profit (loss) Core U.S. $ (959,447 ) $ 264,967 $ 311,301 Acceptance Now 123,971 112,918 89,075 Mexico (14,149 ) (21,961 ) (22,828 ) Franchising 5,793 3,295 1,853 Total segment operating profit (loss) (843,832 ) 359,219 379,401 Corporate (164,056 ) (165,757 ) (132,392 ) Total operating profit (loss) $ (1,007,888 ) $ 193,462 $ 247,009 Year Ended December 31, 2015 2014 2013 Depreciation, amortization and write-down of intangibles Core U.S. $ 49,137 $ 57,324 $ 62,974 Acceptance Now 3,334 2,917 2,287 Mexico 5,160 6,683 5,450 Franchising 185 184 79 Total segments 57,816 67,108 70,790 Corporate 22,904 16,060 16,122 Total depreciation, amortization and write-down of intangibles $ 80,720 $ 83,168 $ 86,912 During the years ended December 31, 2015, 2014 and 2013, we recognized goodwill impairment charges of $1,170.0 million , $0.0 million and $1.1 million , respectively, in the Core U.S. segment, not included in the table above. Year Ended December 31, 2015 2014 2013 Capital expenditures Core U.S. $ 21,739 $ 31,228 $ 44,715 Acceptance Now 2,473 3,833 3,047 Mexico 204 4,164 11,537 Franchising — — — Total segments 24,416 39,225 59,299 Corporate 56,454 44,560 49,068 Total capital expenditures $ 80,870 $ 83,785 $ 108,367 December 31, 2015 2014 2013 On rent rental merchandise, net Core U.S. $ 540,004 $ 593,945 $ 611,375 Acceptance Now 350,046 345,703 284,421 Mexico 17,575 20,766 17,680 Total on rent rental merchandise, net $ 907,625 $ 960,414 $ 913,476 December 31, 2015 2014 2013 Idle rental merchandise, net Core U.S. $ 215,327 $ 264,211 $ 195,926 Acceptance Now 5,000 4,897 3,837 Mexico 8,520 8,334 10,959 Total idle rental merchandise, net $ 228,847 $ 277,442 $ 210,722 December 31, 2015 2014 2013 Assets by segment Core U.S. $ 1,240,593 $ 2,519,770 $ 2,479,297 Acceptance Now 426,827 420,660 358,305 Mexico 38,898 59,841 69,826 Franchising 2,723 2,604 1,688 Total segments 1,709,041 3,002,875 2,909,116 Corporate 277,967 268,322 109,059 Total assets $ 1,987,008 $ 3,271,197 $ 3,018,175 December 31, 2015 2014 2013 Assets by country United States $ 1,943,216 $ 3,204,283 $ 2,940,980 Mexico 38,898 59,841 69,826 Canada 4,894 7,073 7,369 Total assets $ 1,987,008 $ 3,271,197 $ 3,018,175
Revenue from External Customers by Products and Services	85% of our total revenues are comprised of rental and fee revenues from the following product groups: Year Ended December 31, 2015 2014 2013 (In thousands) Furniture and accessories $ 955,576 $ 938,065 $ 917,290 Consumer electronics 626,668 642,226 667,052 Appliances 415,278 422,979 432,937 Computers 207,906 307,325 347,783 Smartphones 163,667 68,015 — Other products and services 412,220 367,218 330,833 Total rentals and fees $ 2,781,315 $ 2,745,828 $ 2,695,895
Revenue from External Customers, by Geographical Areas	Our revenues originate in the following countries: Year Ended December 31, 2015 2014 2013 (In thousands) United States $ 3,209,736 $ 3,075,387 $ 3,035,558 Mexico 63,803 72,202 47,171 Canada 4,881 10,207 11,289 Total revenues $ 3,278,420 $ 3,157,796 $ 3,094,018

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	Summarized basic and diluted earnings per common share were calculated as follows (in thousands, except per share data): Year Ended December 31, 2015 2014 2013 Numerator: Net earnings (loss) $ (866,628 ) $ 96,422 $ 128,757 Denominator: Weighted-average shares outstanding 53,050 52,850 54,804 Effect of dilutive stock awards — 276 358 Weighted-average dilutive shares 53,050 53,126 55,162 Basic earnings (loss) per share $ (16.34 ) $ 1.82 $ 2.35 Diluted earnings (loss) per share $ (16.34 ) $ 1.81 $ 2.33

Unaudited Quarterly Data (Table

Unaudited Quarterly Data (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Data [Abstract]
Unaudited Quarterly Data	Summarized quarterly financial data for the years ended December 31, 2015 , and 2014 is as follows: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter (In thousands, except per share data) Year Ended December 31, 2015 Revenues $ 877,639 $ 815,343 $ 791,605 $ 793,833 Gross profit 564,593 538,529 488,612 526,375 Operating profit 56,598 49,701 6,565 (1,120,752 ) Net earnings (loss) 27,298 23,147 (4,092 ) (912,981 ) Basic earnings (loss) per common share $ 0.51 $ 0.44 $ (0.08 ) $ (17.20 ) Diluted earnings (loss) per common share $ 0.51 $ 0.43 $ (0.08 ) $ (17.20 ) Cash dividends declared per common share $ 0.24 $ 0.24 $ 0.24 $ 0.24 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter (In thousands, except per share data) Year Ended December 31, 2014 Revenues $ 828,473 $ 768,426 $ 764,363 $ 796,534 Gross profit 562,550 537,024 539,758 545,031 Operating profit 59,458 40,390 45,920 47,694 Net earnings 27,266 17,681 25,925 25,550 Basic earnings per common share $ 0.52 $ 0.33 $ 0.49 $ 0.48 Diluted earnings per common share $ 0.51 $ 0.33 $ 0.49 $ 0.48 Cash dividends declared per common share $ 0.23 $ 0.23 $ 0.23 $ 0.24

Nature of Operations and Summ44

Nature of Operations and Summary of Accounting Policies (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Nature of Operations (Details) [Abstract]
Number of company-owned stores nationwide & in Puerto Rico	2,672	2,672
Number of retail installment sales stores	45	45
Number of Acceptance Now locations	1,444	1,444
Number of rent-to-own stores in Mexico	143	143
Number of Franchising stores	227	227
Number of states with Franchising stores	31	31
Receivables and Allowance For Doubtful Accounts Policy (Details) [Abstract]
Minimum period of past due required to charge off installment notes		120 days
Maximum period of current status allowed to franchisees for payments of accounts receivable		30 days
Minimum period of past due required to write off accounts receivable from franchisees		120 days
Rental Merchandise Policy (Details) [Abstract]
Minimum period in held for rent status needed to start straight line method depreciation of merchandise		180 days
Maximum depreciation period used in straight line method for merchandise held for rent		18 months
Minimum period of past due require to charged off remaining book value of rental merchandise for Core U.S. and International segments		90 days
Minimum period of past due required to charge off remaining book value of rental merchandise for Acceptance Now segment		150 days
Goodwill [Line Items]
Goodwill, Impairment Loss	$ 1,170,000	$ 1,170,000	$ 0	$ 1,068
Amortization Period for Acquired Customer Relationships		21 months
Amortization Period for Vendor Relationships Minimum		7 years
Amortization Period for Vendor Relationships		15 years
Advertising expense		$ 96,200	94,800	92,600
Core Us [Member]
Goodwill [Line Items]
Goodwill, Impairment Loss			$ 0	$ 1,100
Furniture, Equipment and Vehicle [Member]
Major Property Class Useful Life [Line Items]
Depreciation period		5 years
Building [Member]
Major Property Class Useful Life [Line Items]
Depreciation period		40 years
Internally Developed Software [Member]
Major Property Class Useful Life [Line Items]
Depreciation period		10 years

Receivables and Allowance for45

Receivables and Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Receivables [Line Items]
Receivable, gross	$ 72,934	$ 69,515
Receivables, net	69,320	65,492
Changes in Allowance for Doubtful Accounts [Roll Forward]
Beginning balance	(4,023)	(3,700)	$ (2,920)
Bad debt expense	15,260	15,509	14,589
Allowance for Doubtful Accounts Receivable, Write-offs	16,317	15,718	14,271
Allowance for Doubtful Accounts Receivable, Recoveries	648	532	462
Ending balance	(3,614)	(4,023)	$ (3,700)
Installment Sales Receivable [Member]
Receivables [Line Items]
Receivable, gross	57,010	56,516
Changes in Allowance for Doubtful Accounts [Roll Forward]
Beginning balance	(3,509)
Ending balance	(3,364)	(3,509)
Trade and Notes Receivables [Member]
Receivables [Line Items]
Receivable, gross	15,924	12,999
Changes in Allowance for Doubtful Accounts [Roll Forward]
Beginning balance	(514)
Ending balance	$ (249)	$ (514)

Rental Merchandise (Details)

Rental Merchandise (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Rental Merchandise [Abstract]
On rent, cost	$ 1,527,384	$ 1,565,421
On rent, accumulated depreciation	(619,759)	(605,007)
Rental merchandise on rent, net	907,625	960,414	$ 913,476
Held for rent, cost	297,956	343,747
Held for rent, accumulated depreciation	(69,109)	(66,305)
Rental merchandise held for rent, net	$ 228,847	$ 277,442	$ 210,722

Property Assets (Details)

Property Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Furniture and equipment	$ 409,076	$ 359,982
Transportation equipment	11,807	11,451
Building and leasehold improvements	294,221	314,343
Land and land improvements	6,747	6,853
Construction in progress	91,536	80,683
Property assets, gross	813,387	773,312
Accumulated depreciation	(482,448)	(440,586)
Property assets, net	330,939	332,726
Capitalized software costs included in construction in progress	70,300	73,400
Cost of internally developed software placed in service	$ 22,900	$ 51,600	$ 4,600

Intangible Assets and Acquisi48

Intangible Assets and Acquisitions (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2015USD ($)store	Dec. 31, 2014USD ($)store	Dec. 31, 2013USD ($)store
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 93,171	$ 93,171	$ 89,422
Accumulated amortization	85,394	85,394	81,889
Estimated Amortization Expense (Table Details) [Abstract]
2,016	2,638	2,638
2,017	1,089	1,089
2,018	678	678
2,019	678	678
2,020	465	465
Thereafter	2,229	2,229
Total	7,777	7,777	7,533
Goodwill [Line Items]
Goodwill, beginning balance		1,370,459	1,364,549
Additions from acquisitions		12,942	14,562
Goodwill related to stores sold or closed		(1,177,581)	(8,458)
Post purchase price allocation adjustments		302	(194)
Goodwill, ending balance	206,122	206,122	1,370,459	$ 1,364,549
Goodwill impairment charge	1,170,000	$ 1,170,000	$ 0	$ 1,068
Acquisitions (Table Details) [Abstract]
Number of stores acquired remaining open | store		5	6	47
Number of stores acquired that were merged with existing stores | store		34	13	38
Number of transactions		24	26	47
Total purchase price		$ 25,488	$ 26,653	$ 44,229
Acquisition amounts allocated to goodwill	12,942	12,942	14,562	28,282
Acquisition amounts allocated to rental merchandise	8,755	8,755	9,731	11,843
Acquisition amounts allocated to property and other assets	0	0	835	910
Acquired goodwill, expected tax deductible amount	14,562	$ 14,562
Weighted average amortization period - acquired intangible assets		21 months
Core Us [Member]
Goodwill [Line Items]
Goodwill, beginning balance		$ 1,316,100
Goodwill, ending balance	150,800	150,800	1,316,100
Goodwill impairment charge			0	1,100
Acceptance Now [Member]
Goodwill [Line Items]
Goodwill, beginning balance		54,400
Goodwill, ending balance	55,300	55,300	54,400
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	6,746	6,746	5,585
Accumulated amortization	5,724	$ 5,724	5,435
Average life		3 years
Acquisition amounts allocated to intangibles		$ 1,166	0	235
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	78,887	78,887	76,299
Accumulated amortization	76,830	$ 76,830	74,182
Average life		2 years
Acquisition amounts allocated to intangibles		$ 2,625	1,525	$ 2,959
Vendor Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	7,538	7,538	7,538
Accumulated amortization	$ 2,840	$ 2,840	$ 2,272
Average life		11 years

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accrued Liabilities [Abstract]
Accrued insurance costs	$ 121,844	$ 125,067
Deferred revenue	60,535	58,880
Accrued compensation	42,940	55,354
Taxes other than income	20,081	20,632
Accrued dividends	12,773	12,737
Deferred compensation	10,489	9,653
Deferred rent	6,882	9,585
Accrued interest payable	5,781	5,766
Accrued other	51,228	54,138
Total accrued liabilities	$ 332,553	$ 351,812

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Income Tax Expense (Table Details) [Abstract]
Tax at federal statutory rate	35.00%	35.00%	35.00%
Goodwill impairment	(18.80%)	0.00%	0.00%
State income taxes, net of federal benefit (expense)	2.80%	1.80%	2.60%
Effect of foreign operations, net of foreign tax credits	(0.90%)	0.30%	0.40%
Effect of prior year credits	0.40%	(2.00%)	0.00%
Adjustment to deferred taxes	0.00%	(2.40%)	0.00%
Other, net	(0.50%)	(0.40%)	0.20%
Total	18.00%	32.30%	38.20%
Components of Income Tax Expense (Table Details) [Abstract]
Current expense - Federal	$ 29,668,000	$ 14,943,000	$ 45,784,000
Current expense - State	(6,432,000)	4,032,000	5,888,000
Current expense - Foreign	2,574,000	1,673,000	5,659,000
Current expense - Total	25,810,000	20,648,000	57,331,000
Deferred expense - Federal	(175,842,000)	24,556,000	20,721,000
Deferred expense - State	(39,331,000)	(90,000)	2,521,000
Deferred expense - Foreign	(589,000)	817,000	(1,134,000)
Deferred income taxes	(215,762,000)	25,283,000	22,108,000
Total	$ (189,952,000)	45,931,000	79,439,000
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards, Limitations on Use	Of the total remaining state NOL carryforwards, approximately 17.0% represent acquired NOLs. Utilization of these NOLs is subject to applicable annual limitations for U.S. state tax purposes.
Deferred Tax Assets (Liabilities) (Table Details) [Abstract]
State net operating loss carryforwards	$ 16,032,000	16,937,000
Foreign net operating loss carryforwards	20,396,000	18,182,000
Accrued liabilities	62,115,000	72,058,000
Intangible assets	56,609,000	0
Property assets	3,308,000	0
Other assets including credits	5,413,000	6,993,000
Foreign tax credit carryforwards	13,576,000	12,306,000
Total deferred tax assets	177,449,000	126,476,000
Valuation allowance	(31,829,000)	(24,709,000)
Rental merchandise	(263,158,000)	(285,371,000)
Property assets	0	(2,222,000)
Intangible assets	0	(157,527,000)
Total deferred tax liabilities	263,158,000	445,120,000
Net deferred taxes	117,538,000	343,353,000
Unrecognized Tax Benefits (Table Details) [Abstract]
Unrecognized tax benefits, beginning balance	13,376,000	13,173,000	10,167,000
Additions based on tax positions related to current year	1,508,000	425,000	50,000
Additions for tax positions of prior years	20,684,000	2,400,000	3,742,000
Reductions for tax positions of prior years	(8,354,000)	(2,225,000)	(786,000)
Settlements	(50,000)	(397,000)	0
Unrecognized tax benefits, ending balance	27,164,000	$ 13,376,000	$ 13,173,000
Tax benefits if recognized - affect annual effective rax rate	24,400,000
Accured for payment of interest related to unrecogized tax benefits	1,900,000
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	(786,000)
Interest expense related to unrecognized tax benefits	654,000
State [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	355,900,000
Foreign [Member]
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	13,600,000
Tax Credit Carryforward, Valuation Allowance	5,700,000
Mexico [Member] | Foreign [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	60,400,000
Puerto Rico [Member] | Foreign [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 5,800,000

Senior Debt (Details)

Senior Debt (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Senior Credit Facility Maximum Amount		$ 900,000,000
Term loan, maximum facility		225,000,000	$ 225,000,000
Term loan, amount outstanding		221,063,000	223,313,000
Term loan, amount available		0	0
Revolving facility, maximum facility		675,000,000
Senior credit facilities, maximum facility		900,000,000	900,000,000
Senior credit facilities, amount outstanding		411,063,000	478,313,000
Senior credit facilities, amount available		390,300,000	315,600,000
Debt facilities, maximum facility		920,000,000	920,000,000
Debt facilities, amount outstanding		425,633,000	492,813,000
Debt facilities, amount available		395,730,000	321,100,000
Letters of credit, amount outstanding		$ 94,700,000	104,400,000
Line of Credit Facility, Interest Rate Description		Borrowings under the Revolving Facility bear interest at varying rates
Commitment fee percentage		0.45%
Senior Credit Facilities, Additional Amount Allowed		$ 250,000,000
Debt Instrument, Covenant, Total Leverage Ratio Maximum, Ability to Repurchase Stock, Notes, or Pay Dividends		2.5
Schedule Maturity Dates (Table Details) [Abstract]
2,016		$ 16,820,000
2,017		2,250,000
2,018		2,250,000
2,019		192,250,000
2,020		2,250,000
Thereafter		209,813,000
Long-term Debt		425,633,000
Debt Instrument, Covenant, Total Leverage Ratio Maximum, Ability to Repurchase Stock, Notes, or Pay Dividends, Dividend Exception Amount		$ 20,000,000
Initial Borrowing in Term Loans	$ 225,000,000
Initial Borrowing in Revolving Debt	$ 100,000,000
Long-term Debt, Maturities, Repayment Terms		25,000
Term Loan, Frequency of Periodic Payment		quarterly
Term Loan, Periodic Payment, Principal		$ 562,500
Event of default - 3rd party ownership % of our voting stock		35.00%
Event of default - judgment not satisfied or bonded pending appeal		$ 50,000,000
Event of default - maximum period allowed for pending judgment		30
Financial Covenants Ratios (Table Details) [Abstract]
Required consolidated leverage ratio, maximum		4.25
Actual consolidated leverage ratio		3.13
Required Consolidated Senior Secured Leverage Ratio, Maximum		2.75
Actual Consolidated Senior Secured Leverage Ratio		1.26
Required Consolidated Fixed Charge Coverage Ratio, Minimum		1.75
Actual fixed charge coverage ratio		1.87
Covenants [Abstract]
Consolidated funded debt outstanding		$ 933,000,000
Consolidated EBITDA		298,200,000
Covenant limitation incur additional debt in excess of		25,000,000
Consolidated senior secured debt outstanding		375,700,000
Adjusted Consolidated EBITDA		537,400,000
Consolidated fixed charges		$ 287,900,000
Minimum [Member]
Debt Instrument [Line Items]
Commitment fee percentage		0.30%
Maximum [Member]
Debt Instrument [Line Items]
Commitment fee percentage		0.50%
Eurodollar Rate [Member]
Debt Instrument [Line Items]
Description of variable rate basis		Eurodollar
Eurodollar Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate		1.50%
Eurodollar Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate		2.75%
Prime Rate [Member]
Debt Instrument [Line Items]
Description of variable rate basis		prime
Prime Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate		0.50%
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%
Margin on ABR rate, actual		2.00%
Schedule Maturity Dates (Table Details) [Abstract]
2,016		$ 2,250,000
2,017		2,250,000
2,018		2,250,000
2,019		2,250,000
2,020		2,250,000
Thereafter		209,813,000
Long-term Debt		$ 221,063,000
Revolving Facility [Member]
Debt Instrument [Line Items]
Maturity date		Mar. 19, 2019
Revolving facility, maximum facility		$ 675,000,000	675,000,000
Revolving facility, amount outstanding		190,000,000	255,000,000
Revolving facility, amount available		$ 390,300,000	315,600,000
Margin on Eurodollar rate, actual		2.25%
Margin on ABR rate, actual		1.25%
Schedule Maturity Dates (Table Details) [Abstract]
2,016		$ 0
2,017		0
2,018		0
2,019		190,000,000
2,020		0
Thereafter		0
Long-term Debt		$ 190,000,000
Line of Credit [Member]
Debt Instrument [Line Items]
Maturity date		Aug. 21, 2016
Revolving facility, maximum facility		$ 20,000,000	20,000,000
Revolving facility, amount outstanding		14,570,000	14,500,000
Revolving facility, amount available		5,430,000	$ 5,500,000
Schedule Maturity Dates (Table Details) [Abstract]
2,016		14,570,000
2,017		0
2,018		0
2,019		0
2,020		0
Thereafter		0
Long-term Debt		$ 14,570,000
Line of Credit [Member] | Minimum [Member]
Schedule Maturity Dates (Table Details) [Abstract]
Interest rate of senior notes		2.00%

Subsidiary Guarantors - Senio52

Subsidiary Guarantors - Senior Notes (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	May. 02, 2013USD ($)	Nov. 02, 2010USD ($)
Senior Notes [Line Items]
Carrying value of senior notes		$ 542,740,000	$ 550,000,000
Event of default for senior notes - not discharged, bonded or insured judgment in excess of this amount	$ 50,000,000
Event of default for senior notes - failure of other debt payment at maturity in excess of this amount	$ 50,000,000
Debt Instrument, Covenant, Total Leverage Ratio Maximum, Ability to Repurchase Stock, Notes, or Pay Dividends		2.5
Debt Instrument, Covenant, Total Leverage Ratio Maximum, Ability to Repurchase Stock, Notes, or Pay Dividends, Dividend Exception Amount		$ 20,000,000
Our ownership percentage of subsidiary guarantors of senior notes	100.00%
Senior Notes Due 2020 [Member]
Senior Notes [Line Items]
Carrying value of senior notes	$ 292,740,000	292,740,000	300,000,000		$ 300,000,000
Debt instrument, repurchase amount		$ 7,300,000
Interest rate of senior notes		6.625%
Repayments of Long-term Debt					$ 200,000,000
Senior notes, redemption price, percentage		99.50%
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 2021 [Member]
Senior Notes [Line Items]
Carrying value of senior notes		$ 250,000,000	$ 250,000,000	$ 250,000,000
Interest rate of senior notes		4.75%
Proceeds to repurchase shares of common stock				$ 200,000,000
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%

Commitments and Contingencies53

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Rental expense	$ 239,200	$ 244,300	$ 240,900
Future Minimum Rental Payment under Operating Leases (Table Details) [Abstract]
2,015	174,120
2,016	139,674
2,017	99,771
2,018	63,583
2,019	32,175
Thereafter	7,182
Operating lease payments, total	516,505
Guarantor Obligations [Line Items]
Maximum financing amount	47,000
Amount outstanding	9,300
Citibank [Member]
Guarantor Obligations [Line Items]
Maximum financing amount	27,000
Texas Capital Bank [Member]
Guarantor Obligations [Line Items]
Maximum financing amount	$ 20,000

Other Charges and Credits (Deta

Other Charges and Credits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Vendor Settlement Credit [Abstract]
Start-up Costs	$ 2,800
Inventory Write-down	34,700
Vendor settlement credit	$ (34,698)	$ 6,836	$ 0

Other Charges (Details)

Other Charges (Details) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2015USD ($)store	Dec. 31, 2014USD ($)
Core Us [Member] | 2015 RACFI Store Sale [Member]
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Disposition of Business			$ 7,200
Number of Stores Sold | store			40
Core Us [Member] | Store Consolidation Plan [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed		150
Restructuring charges, total		$ 4,900
Restructuring charge, early lease termination		1,300
Restructuring charge, accelerated depreciation and asset write-off		3,200
Restructuring charge, store decommissioning		$ 400
Core Us [Member] | 2015 Canada Store Sale [Member]
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Disposition of Business			$ 300
Number of Stores Sold | store			14
Core Us [Member] | 2015 Other Store Sale [Member]
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Disposition of Business			$ 1,100	$ 1,800
Core Us [Member] | 2015 Core U.S. Store Consolidation Plan [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed	65
Restructuring charges, total	$ 4,300
Restructuring charge, early lease termination	2,700
Restructuring charge, accelerated depreciation and asset write-off	1,200
Restructuring charge, store decommissioning	$ 300
Mexico [Member] | Mexico Store Closures [Member]
Restructuring Cost and Reserve [Line Items]
Store Consolidation Plan - Number of Stores Closed			34,000
Restructuring charge, accelerated depreciation and asset write-off			$ 3,000
Employee Severance [Member] | Corporate Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, total			$ 2,000	2,800
Software Development [Member]
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets Held-for-use				$ 4,600

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock-Based Compensation (Details) [Line Items]
Stock-based compensation expense	$ 9,541	$ 6,559	$ 6,456
Stock-based compensation expense, tax benefit	1,715	2,117	2,464
Stock-based compensation expense, net of tax	$ 7,826	$ 4,442	3,992
Vesting % of performance based restricted stock units, maximum	200.00%
Restricted Stock Unit Activity (Table Details) [Abstract]
Number of nonvested restricted stock units outstanding	867,755	635,573
Granted	582,020
Vested	(56,421)
Forfeited	(293,417)
Weighted average grant date fair value, outstanding	$ 26.67	$ 28.53
Weighted average grant date fair value, granted	27.85
Weighted average grant date fair value, vested	35.78
Weighted average grant date fair value, forfeited	$ 31.29
Stock Option Activity (Table Details) [Abstract]
Number of awards outstanding	2,874,366	2,625,964
Granted	717,265
Exercised	(65,366)
Forfeited	(254,447)
Expired	(149,050)
Exercisable	1,325,966
Weighted Average Exercise Price [Abstract]
Equity awards outstanding	$ 30.33	$ 30.63
Granted	29.23
Exercised	22.72
Forfeited	31.10
Expired	32.35
Exercisable	$ 30.18
Weighted Average Remaining Contractual Life [Abstract]
Equity awards outstanding	6 years 9 months 26 days
Exercisable	5 years 22 days
Aggregate Intrinsic Value [Abstract]
Equity awards outstanding	$ 17
Exercisable	17
Exercised	500	$ 1,900	5,800
Excess tax benefits related to stock awards	$ 86	$ 331	$ 406
Assumptions Used in Fair Value Calculation of Stock Options (Table Details) [Abstract]
Valuation method used	Black-Scholes	Black-Scholes	Black-Scholes
Risk free interest rate, weighted average	1.42%	1.54%	0.88%
Expected dividend yield, maximum	3.32%	3.28%	2.34%
Expected life, weighted average	5 years 18 days	5 years	4 years 5 months 6 days
Expected volatility, weighted average	33.28%	34.77%	37.88%
Weighted average grant date fair value	$ 6.34	$ 6.49	$ 9.27
Prior Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Number of shares authorized to issue	14,562,865
Stock Option Activity (Table Details) [Abstract]
Number of awards outstanding	21,175	48,349
Equity Incentive Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Number of shares authorized to issue	2,468,461
Stock Option Activity (Table Details) [Abstract]
Number of awards outstanding	1,587,693	1,269,197
2006 Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Number of shares authorized to issue	7,000,000
Stock Option Activity (Table Details) [Abstract]
Number of awards outstanding	1,762,142	1,955,950
Employee Stock Option [Member]
Stock-Based Compensation (Details) [Line Items]
Unvested awards - to result in compensation expense	$ 6,900
Weighted average number of years to vesting	2 years 6 months 26 days
Stock-based compensation expense	$ 4,030	$ 5,044	$ 3,944
Exercise period of options once vested	10 years
Employee Stock Option [Member] | Minimum [Member]
Stock-Based Compensation (Details) [Line Items]
Vesting period of options granted	1 year
Employee Stock Option [Member] | Maximum [Member]
Stock-Based Compensation (Details) [Line Items]
Vesting period of options granted	4 years
Restricted Stock Units (RSUs) [Member]
Stock-Based Compensation (Details) [Line Items]
Unvested awards - to result in compensation expense	$ 8,700
Weighted average number of years to vesting	1 year 9 months 7 days
Stock-based compensation expense	$ 5,511	$ 1,515	$ 2,512
Restricted Stock Units (RSUs) [Member] | 2006 Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Number of shares authorized to issue	3,500,000

Deferred Compensation Plan (Det

Deferred Compensation Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred Compensation Liability [Abstract]
Maximum deferral % of base compensation allowed to participants of deferred compensation plan	50.00%
Maximum deferral % of bonus compensation allowed to participants of deferred compensation plan	100.00%
Our matching cash contributions represents this % of contributions made by participants of deferred compensation plan	50.00%
Maximum employer contribution match % (of total eligible compensation) to each participant of deferred compensation plan	2.00%
Our discretionary contributions	$ 400	$ 300	$ 400
Deferred compensation plan liability	$ 10,489	$ 9,653

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Employee Benefit Plan [Abstract]
Maximum contribution % of eligible pre-tax compensation allowed to participants of defined contribution plan	50.00%
Our matching cash contributions represents this % of contributions made by participants of defined contribution plan	50.00%
Maximum employer contribution match % (of total eligible compensation) to each participant of defined contribution plan	2.00%
Our common stock % in total plan assets	4.50%	7.20%
Our contributions match	$ 7.2	$ 6.7	$ 6.6

Fair Value (Details)

Fair Value (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014	May. 02, 2013	Nov. 02, 2010
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	$ 542,740,000		$ 550,000,000
Amount of difference between fair value and carrying value	(111,518,000)		(51,375,000)
Senior Notes Due 2020 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	292,740,000	$ 292,740,000	300,000,000		$ 300,000,000
Amount of difference between fair value and carrying value	(44,643,000)		(15,750,000)
Senior Notes Due 2021 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	250,000,000		250,000,000	$ 250,000,000
Amount of difference between fair value and carrying value	(66,875,000)		(35,625,000)
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior notes	431,222,000		498,625,000
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	248,097,000		284,250,000
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	$ 183,125,000		$ 214,375,000

Stock Repurchase Plan (Details)

Stock Repurchase Plan (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)shares
Stock Repurchase Plan [Abstract]
Authorized aggregate amount	$ 1,250
Total number of shares repurchased since inception of our stock repurchase program (shares) | shares	36,994,653
Aggregate purchase price of shares repurchased since inception of our stock repurchase program	$ 994.8

Segment Information (Details)

Segment Information (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Segment Reporting [Abstract]
Number of retail installment sales stores	45	45
Number of Stores in Mexico	143	143
Royalty fee percentage, minimum		2.00%
Royalty fee percentag, maximum		6.00%
Segment Reporting Information [Line Items]
Rental and Fees, Percent of Revenue		85.00%
Goodwill impairment charge	$ 1,170,000,000	$ 1,170,000,000	$ 0	$ 1,068,000
Revenues		3,278,420,000	3,157,796,000	3,094,018,000
Gross profit		2,118,109,000	2,184,363,000	2,153,493,000
Operating profit		(1,007,888,000)	193,462,000	247,009,000
Depreciation, amortization and write-down of intangibles		80,720,000	83,168,000	86,912,000
Capital expenditures		80,870,000	83,785,000	108,367,000
Rental merchandise on rent, net	907,625,000	907,625,000	960,414,000	913,476,000
Rental merchandise held for rent, net	228,847,000	228,847,000	277,442,000	210,722,000
Assets	1,987,008,000	1,987,008,000	3,271,197,000	3,018,175,000
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating profit		(843,832,000)	359,219,000	379,401,000
Depreciation, amortization and write-down of intangibles		57,816,000	67,108,000	70,790,000
Capital expenditures		24,416,000	39,225,000	59,299,000
Assets	1,709,041,000	1,709,041,000	3,002,875,000	2,909,116,000
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating profit		(164,056,000)	(165,757,000)	(132,392,000)
Depreciation, amortization and write-down of intangibles		22,904,000	16,060,000	16,122,000
Capital expenditures		56,454,000	44,560,000	49,068,000
Assets	277,967,000	277,967,000	268,322,000	109,059,000
Core U.S. [Member]
Segment Reporting Information [Line Items]
Goodwill impairment charge			0	1,100,000
Core U.S. [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		2,371,823,000	2,414,659,000	2,527,660,000
Gross profit		1,644,840,000	1,753,269,000	1,822,243,000
Operating profit		(959,447,000)	264,967,000	311,301,000
Depreciation, amortization and write-down of intangibles		49,137,000	57,324,000	62,974,000
Capital expenditures		21,739,000	31,228,000	44,715,000
Rental merchandise on rent, net	540,004,000	540,004,000	593,945,000	611,375,000
Rental merchandise held for rent, net	215,327,000	215,327,000	264,211,000	195,926,000
Assets	1,240,593,000	1,240,593,000	2,519,770,000	2,479,297,000
Acceptance Now [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		818,325,000	644,853,000	489,425,000
Gross profit		420,980,000	372,012,000	290,647,000
Operating profit		123,971,000	112,918,000	89,075,000
Depreciation, amortization and write-down of intangibles		3,334,000	2,917,000	2,287,000
Capital expenditures		2,473,000	3,833,000	3,047,000
Rental merchandise on rent, net	350,046,000	350,046,000	345,703,000	284,421,000
Rental merchandise held for rent, net	5,000,000	5,000,000	4,897,000	3,837,000
Assets	426,827,000	426,827,000	420,660,000	358,305,000
Mexico [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		63,803,000	72,202,000	47,171,000
Gross profit		42,354,000	51,070,000	33,945,000
Operating profit		(14,149,000)	(21,961,000)	(22,828,000)
Depreciation, amortization and write-down of intangibles		5,160,000	6,683,000	5,450,000
Capital expenditures		204,000	4,164,000	11,537,000
Rental merchandise on rent, net	17,575,000	17,575,000	20,766,000	17,680,000
Rental merchandise held for rent, net	8,520,000	8,520,000	8,334,000	10,959,000
Assets	38,898,000	38,898,000	59,841,000	69,826,000
Franchising [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		24,469,000	26,082,000	29,762,000
Gross profit		9,935,000	8,012,000	6,658,000
Operating profit		5,793,000	3,295,000	1,853,000
Depreciation, amortization and write-down of intangibles		185,000	184,000	79,000
Capital expenditures		0	0	0
Assets	$ 2,723,000	$ 2,723,000	$ 2,604,000	$ 1,688,000

Segment Information Revenue fro

Segment Information Revenue from External Customers by Products and Services (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenue from External Customer [Line Items]
Rentals and fees	$ 2,781,315	$ 2,745,828	$ 2,695,895
Furniture and accessories [Member]
Revenue from External Customer [Line Items]
Rentals and fees	955,576	938,065	917,290
Consumer electronics [Member]
Revenue from External Customer [Line Items]
Rentals and fees	626,668	642,226	667,052
Appliances [Member]
Revenue from External Customer [Line Items]
Rentals and fees	415,278	422,979	432,937
Computers [Member]
Revenue from External Customer [Line Items]
Rentals and fees	207,906	307,325	347,783
Smartphones [Member]
Revenue from External Customer [Line Items]
Rentals and fees	163,667	68,015	0
Other products and services [Member]
Revenue from External Customer [Line Items]
Rentals and fees	$ 412,220	$ 367,218	$ 330,833

Revenue from External Customers

Revenue from External Customers and Asset, by Geographical Areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets	$ 1,987,008	$ 3,271,197	$ 3,018,175
Revenues	3,278,420	3,157,796	3,094,018
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets	1,943,216	3,204,283	2,940,980
Revenues	3,209,736	3,075,387	3,035,558
Mexico [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets	38,898	59,841	69,826
Revenues	63,803	72,202	47,171
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets	4,894	7,073	7,369
Revenues	$ 4,881	$ 10,207	$ 11,289

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Net earnings	$ (866,628)	$ 96,422	$ 128,757
Basic weighted average shares	53,050,000	52,850,000	54,804,000
Effect of dilutive stock options	0	276,000	358,000
Diluted weighted average shares	53,050,000	53,126,000	55,162,000
Basic earnings per common share	$ (16.34)	$ 1.82	$ 2.35
Diluted earnings per common share	$ (16.34)	$ 1.81	$ 2.33
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive stock options	2,585,711	2,496,147	1,507,355

Unaudited Quarterly Data (Detai

Unaudited Quarterly Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Unaudited Quarterly Data [Line Items]
Revenues									$ 3,278,420	$ 3,157,796	$ 3,094,018
Gross Profit									2,118,109	2,184,363	2,153,493
Operating profit									(1,007,888)	193,462	247,009
Net earnings									$ (866,628)	$ 96,422	$ 128,757
Basic earnings per common share									$ (16.34)	$ 1.82	$ 2.35
Diluted earnings per common share									(16.34)	1.81	2.33
Cash dividends declared per common share									$ 0.96	$ 0.93	$ 0.86
First Quarter [Member]
Unaudited Quarterly Data [Line Items]
Revenues				$ 877,639				$ 828,473
Gross Profit				564,593				562,550
Operating profit				56,598				59,458
Net earnings				$ 27,298				$ 27,266
Basic earnings per common share				$ 0.51				$ 0.52
Diluted earnings per common share				0.51				0.51
Cash dividends declared per common share				$ 0.24				$ 0.23
Second Quarter [Member]
Unaudited Quarterly Data [Line Items]
Revenues			$ 815,343				$ 768,426
Gross Profit			538,529				537,024
Operating profit			49,701				40,390
Net earnings			$ 23,147				$ 17,681
Basic earnings per common share			$ 0.44				$ 0.33
Diluted earnings per common share			0.43				0.33
Cash dividends declared per common share			$ 0.24				$ 0.23
Third Quarter [Member]
Unaudited Quarterly Data [Line Items]
Revenues		$ 791,605				$ 764,363
Gross Profit		488,612				539,758
Operating profit		6,565				45,920
Net earnings		$ (4,092)				$ 25,925
Basic earnings per common share		$ (0.08)				$ 0.49
Diluted earnings per common share		(0.08)				0.49
Cash dividends declared per common share		$ 0.24				$ 0.23
Fourth Quarter [Member]
Unaudited Quarterly Data [Line Items]
Revenues	$ 793,833				$ 796,534
Gross Profit	526,375				545,031
Operating profit	(1,120,752)				47,694
Net earnings	$ (912,981)				$ 25,550
Basic earnings per common share	$ (17.20)				$ 0.48
Diluted earnings per common share	(17.20)				0.48
Cash dividends declared per common share	$ 0.24				$ 0.24