Upbound (UPBD) 10-Q 1 Nov 17 2017 Q3 Quarterly report Financial data

Document and Company Informatio

Document and Company Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 23, 2017
Document And Entity Information
Entity Registrant Name	RENT A CENTER INC DE
Entity Central Index Key	933,036
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	RCII
Amendment Flag	false
Entity Common Stock, Shares Outstanding		53,311,807
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Store
Rentals and fees	$ 552,194	$ 595,179	$ 1,723,019	$ 1,915,184
Merchandise sales	67,566	73,219	266,061	281,703
Installment sales	17,276	17,626	51,690	53,718
Other	2,257	2,633	7,428	10,001
Total store revenues	639,293	688,657	2,048,198	2,260,606
Franchise
Merchandise sales	2,676	3,113	9,211	12,083
Royalty income and fees	1,996	2,107	6,177	6,459
Total revenues	643,965	693,877	2,063,586	2,279,148
Store
Cost of rentals and fees	153,202	159,454	474,511	504,834
Cost of merchandise sold	70,551	68,684	256,730	253,473
Cost of installment sales	5,207	5,553	16,099	17,240
Total cost of store revenues	228,960	233,691	747,340	775,547
Franchise
Franchise cost of merchandise sold	2,540	2,960	8,585	11,273
Total cost of revenues	231,500	236,651	755,925	786,820
Gross profit	412,465	457,226	1,307,661	1,492,328
Operating expenses
Labor	179,643	186,289	551,197	595,668
Other store expenses	171,995	195,096	546,485	599,759
General and administrative expenses	43,768	38,187	130,637	121,383
Depreciation, amortization and impairment of intangibles	18,679	19,998	55,928	60,598
Other charges	6,825	956	31,580	22,240
Total operating expenses	420,910	440,526	1,315,827	1,399,648
Operating (loss) profit	(8,445)	16,700	(8,166)	92,680
Debt refinancing charges	0	0	1,936	0
Interest expense	11,453	11,710	34,346	35,424
Interest income	(177)	(141)	(492)	(346)
(Loss) earnings before income taxes	(19,721)	5,131	(43,956)	57,602
Income tax (benefit) expense	(7,122)	(1,050)	(15,785)	16,414
Net (loss) earnings	$ (12,599)	$ 6,181	$ (28,171)	$ 41,188
Basic (loss) earnings per common share	$ (0.24)	$ 0.12	$ (0.53)	$ 0.78
Diluted (loss) earnings per common share	(0.24)	0.12	(0.53)	0.77
Cash dividends declared per common share	$ 0	$ 0.08	$ 0.16	$ 0.24

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net (loss) earnings	$ (12,599)	$ 6,181	$ (28,171)	$ 41,188
Foreign currency translation adjustments	(181)	(921)	6,555	152
Total other comprehensive (loss) income	(181)	(921)	6,555	152
Comprehensive (loss) income	$ (12,780)	$ 5,260	$ (21,616)	$ 41,340

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 76,208	$ 95,396
Receivables, net of allowance for doubtful accounts of $3,225 and $3,593 in 2017 and 2016, respectively	62,293	69,785
Prepaid expenses and other assets	54,384	54,989
Rental merchandise, net
On rent	670,417	795,118
Held for rent	199,768	206,836
Merchandise held for installment sale	4,429	3,629
Property assets, net of accumulated depreciation of $562,968 and $522,101 in 2017 and 2016, respectively	305,394	316,428
Goodwill	56,380	55,308
Other intangible assets, net	1,044	5,252
Total Assets	1,430,317	1,602,741
LIABILITIES
Accounts payable - trade	88,206	108,238
Accrued liabilities	328,278	332,196
Deferred income taxes	139,203	173,144
Senior debt, net	98,954	186,747
Senior notes, net	538,440	537,483
Total Liabilities	1,193,081	1,337,808
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 250,000,000 shares authorized; 109,681,559 and 109,519,369 shares issued in 2017 and 2016, respectively	1,097	1,095
Additional paid-in capital	829,573	827,107
Retained earnings	763,920	800,640
Treasury stock at cost, 56,369,752 shares in 2017 and 2016	(1,347,677)	(1,347,677)
Accumulated other comprehensive loss	(9,677)	(16,232)
Total Stockholders' Equity	237,236	264,933
Total Liabilities and Stockholders' Equity	$ 1,430,317	$ 1,602,741

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 3,225	$ 3,593
Property assets, accumulated depreciation	$ 562,968	$ 522,101
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	250,000,000	250,000,000
Common stock - shares issued	109,681,559	109,519,369
Treasury stock - shares at cost	56,369,752	56,369,752

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities
Net (loss) earnings	$ (28,171)	$ 41,188
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities
Depreciation of rental merchandise	469,483	498,897
Bad debt expense	11,051	11,247
Stock-based compensation expense	2,198	7,439
Depreciation of property assets	55,156	58,044
Loss on sale or disposal of property assets	18	3,569
Amortization and impairment of intangibles	4,667	1,761
Amortization of financing fees	3,276	2,345
Write-off of debt financing fees	1,936	0
Deferred income taxes	(33,940)	(14,821)
Changes in operating assets and liabilities, net of effects of acquisitions
Rental merchandise	(339,278)	(333,842)
Receivables	(3,560)	(1,127)
Prepaid expenses and other assets	600	101,691
Accounts payable - trade	(20,032)	1,223
Accrued liabilities	12,040	(2,724)
Net cash provided by operating activities	135,444	374,890
Cash flows from investing activities
Purchase of property assets	(53,528)	(46,839)
Proceeds from sale of stores	3,951	4,506
Acquisitions of businesses	(2,241)	(3,086)
Net cash used in investing activities	(51,818)	(45,419)
Cash flows from financing activities
Exercise of stock options	270	0
Shares withheld for payment of employee tax withholdings	(225)	(290)
Debt issuance costs	(5,258)	0
Proceeds from debt	216,880	51,610
Repayments of debt	(303,498)	(284,868)
Dividends paid	(12,811)	(21,291)
Net cash used in financing activities	(104,642)	(254,839)
Effect of exchange rate changes on cash	1,828	(4,690)
Net (decrease) increase in cash and cash equivalents	(19,188)	69,942
Cash and cash equivalents at beginning of period	95,396	60,363
Cash and cash equivalents at end of period	$ 76,208	$ 130,305

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation The interim condensed consolidated financial statements of Rent-A-Center, Inc. included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to the SEC’s rules and regulations, although we believe the disclosures are adequate to make the information presented not misleading. We suggest these financial statements be read in conjunction with the financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2016 . In our opinion, the accompanying unaudited interim financial statements contain all adjustments, consisting only of those of a normal recurring nature, necessary to present fairly our results of operations and cash flows for the periods presented. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. These financial statements include the accounts of Rent-A-Center, Inc. and its direct and indirect subsidiaries. All intercompany accounts and transactions have been eliminated. Unless the context indicates otherwise, references to “Rent-A-Center” refer only to Rent-A-Center, Inc., the parent, and references to “we,” “us” and “our” refer to the consolidated business operations of Rent-A-Center and any or all of its direct and indirect subsidiaries. We report four operating segments: Core U.S., Acceptance Now, Mexico and Franchising. Our Core U.S. segment consists of company-owned rent-to-own stores in the United States, Canada and Puerto Rico that lease household durable goods to customers on a rent-to-own basis. We also offer merchandise on an installment sales basis in certain of our stores under the names “Get It Now” and “Home Choice.” Our Acceptance Now segment, which operates in the United States and Puerto Rico, generally offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks located within such retailers’ locations. Those kiosks can be staffed by an Acceptance Now employee (staffed locations) or employ a virtual solution where customers initiate the rent-to-own transaction online in the retailers' locations using our tablet computer and our virtual solution (direct locations). Our Mexico segment consists of our company-owned rent-to-own stores in Mexico that lease household durable goods to customers on a rent-to-own basis. Rent-A-Center Franchising International, Inc., an indirect, wholly owned subsidiary of Rent-A-Center, is a franchisor of rent-to-own stores. Our Franchising segment’s primary source of revenue is the sale of rental merchandise to its franchisees, who in turn offer the merchandise to the general public for rent or purchase under a rent-to-own transaction. The balance of our Franchising segment’s revenue is generated primarily from royalties based on franchisees’ monthly gross revenues. Newly Adopted Accounting Pronouncements In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting , which includes multiple provisions intended to simplify various aspects of the accounting for share-based payments. Rent-A-Center adopted ASU 2016-09 beginning January 1, 2017. We adopted the recognition of excess tax benefits in the provision for income taxes rather than paid-in-capital, and the classification of excess tax benefits on the statement of cash flows on a prospective basis. We elected to continue to estimate forfeitures expected to occur in our determination of compensation cost recognized each period. Furthermore, we adopted the minimum statutory withholding requirements and classification of employee taxes paid on the statement of cash flows on a modified retrospective and full retrospective basis, respectively. Additional amendments included in the accounting standard update were not applicable to us. Impacts resulting from adoption were immaterial to the consolidated financial statements.

Senior Debt

Senior Debt	9 Months Ended
	Sep. 30, 2017
Senior Debt [Abstract]
Senior Debt	Senior Debt On March 19, 2014, we entered into a Credit Agreement (the "Credit Agreement") among the Company, the several lenders from time to time parties to the Credit Agreement, Bank of America, N.A., BBVA Compass Bank, Wells Fargo Bank, N.A., and SunTrust Bank, as syndication agents, and JPMorgan Chase Bank, N.A., as administrative agent. The Credit Agreement initially provided a $900.0 million senior credit facility consisting of $225.0 million in term loans (the "Term Loans") and a $675.0 million revolving credit facility (the "Revolving Facility"). The Credit Agreement was previously amended on February 1, 2016 (the “First Amendment”), on September 30, 2016 (the “Second Amendment”), and on March 31, 2017 (the "Third Amendment and Waiver"). On June 6, 2017, we entered into a Fourth Amendment (the “Fourth Amendment”), effective as of June 6, 2017, with JPMorgan Chase Bank, N.A., as administrative agent, the other agents party thereto and the lenders party thereto, to the Credit Agreement. The amounts outstanding under the Term Loans were $49.1 million and $191.8 million at September 30, 2017 and December 31, 2016 , respectively. The amount outstanding under the Revolving Facility was $55.0 million at September 30, 2017 and there were no outstanding borrowings under the Revolving Facility at December 31, 2016 . Outstanding borrowings for senior debt at September 30, 2017 and December 31, 2016 were reduced by total unamortized issuance costs of $6.2 million and $5.1 million , respectively. The Term Loans are scheduled to mature on March 19, 2021 , and the Revolving Facility has a scheduled maturity of March 19, 2019 . 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 . In the event our Consolidated Total Leverage Ratio (as such term is defined in the Credit Agreement) exceeds 2.5:1, we are also required to pay down the Term Loans by a percentage of annual excess cash flow, as defined in the Credit Agreement. Additional payments will be equal to 25% of annual excess cash flows if the Consolidated Total Leverage Ratio is between 2.5:1 and 3.0:1, increasing to 50% of annual excess cash flows if the Consolidated Total Leverage Ratio is greater than 3.0:1. We made a mandatory excess cash flow prepayment in March 2017 with respect to our results for the year ended December 31, 2016, of approximately $141 million and in March 2016 with respect to our results for the year ended December 31, 2015, of approximately $27 million . We are further required to pay down the Term Loans with proceeds from certain asset sales or borrowings as defined in the Credit Agreement. Borrowings under the Revolving Facility bear interest at varying rates equal to either the Eurodollar rate plus 1.50% to 3.00% , or the prime rate plus 0.50% to 2.00% (ABR), at our election (pursuant to the Fourth Amendment discussed below). The margins on the Eurodollar loans and on the ABR loans for borrowings under the Revolving Facility, which were 3.00% and 2.00% , respectively, at September 30, 2017 , 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 during the third quarter of 2017 was equal to 0.50% of the unused portion of the Revolving Facility. Our borrowings under the Credit Agreement are, subject to certain exceptions, secured by a security interest in substantially all of our tangible and intangible assets, including intellectual property, and are also secured by a pledge of the capital stock of our U.S. subsidiaries. Subject to a number of exceptions, the Credit Agreement contains, without limitation, covenants that generally limit our ability and the ability of our subsidiaries to: • incur additional debt; • repurchase capital stock, repurchase 6.625% notes and 4.75% notes and/or pay cash dividends when the Consolidated Total Leverage Ratio is greater than 3.75:1 (subject to an exception for cash dividends in an amount not to exceed $15 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. Since the Consolidated Total Leverage Ratio at September 30, 2017 is greater than 3.75:1, we are limited to a maximum of $15 million in dividend payments for the fiscal year. As of September 30, 2017 , we have paid dividends of $12.8 million . The Fourth Amendment removed or modified certain covenants under the Credit Agreement, including: • the maximum Consolidated Total Leverage Ratio was removed; • the maximum Consolidated Senior Secured Leverage Ratio was removed; • the minimum Consolidated Fixed Charge Coverage Ratio was reduced from 1.50:1 to 1.10:1 and the definitions of Consolidated Fixed Charges and Consolidated Fixed Charge Coverage Ratio were modified. In addition, the sole consequence of a breach of this covenant shall be that a Minimum Availability Period shall result, which impacts the borrowing capacity under the Loans; • any guarantee obligations of Foreign Subsidiaries may not exceed an aggregate of $10 million outstanding at any time; • indebtedness, including Capital Lease Obligations, mortgage financings and purchase money obligations that are secured by Liens permitted under the Credit Agreement, may not exceed an aggregate outstanding amount of $10 million, unless such Indebtedness was outstanding on the effective date of the Fourth Amendment; and • removed certain Permitted Investments, and modified Permitted Acquisitions, which is now tied to certain performance criteria, including the Borrowing Base. As a result of the Fourth Amendment, we are no longer required to maintain a certain Consolidated Total Leverage Ratio or Consolidated Senior Secured Leverage Ratio, and we are prohibited from repurchasing our common stock and senior notes for the remaining term of the Credit Agreement. In addition, under the Fourth Amendment, we agreed to provide additional collateral protections to secure the obligations under the Credit Agreement. The Fourth Amendment reduced the total capacity of the Revolving Facility from $675 million to $350 million . The Fourth Amendment also modified the borrowing terms of the revolving loans under the Credit Agreement, which, as amended, establishes that the aggregate outstanding amounts (including after any draw request) not exceed the Borrowing Base. The Borrowing Base is tied to the Company’s Eligible Installment Sales Accounts, Inventory and Eligible Rental Contracts, in addition to Reserves and the Term Loan Reserve. We will provide to the Agent information necessary to calculate the Borrowing Base within 30 days of the end of each calendar month, unless the remaining availability of the Revolving Facility is less than 20% of the maximum borrowing capacity of the Revolving Facility or $60 million, in which case the Company must provide weekly information. The Credit Agreement as modified by the Fourth Amendment 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 $100 million . We may request an Incremental Revolving Loan or Incremental Term Loan, provided that at the time of such request, we are not in default, have obtained the consent of the administrative agent and the lenders providing such increase, and after giving effect thereto, (i) the Consolidated Fixed Charge Coverage Ratio on a pro forma basis is no less than 1.10:1, (ii) the Total Revolving Extensions of Credit do not exceed the Borrowing Base, and (iii) if the request occurs during a Minimum Availability Period, the Availability must be more than the Availability Threshold Amount. The Fourth Amendment permits the Agent, in its sole discretion, to make loans to us that it deems necessary or desires (i) to preserve or protect the Collateral, (ii) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (iii) to pay any other amount chargeable to or requirement to be paid by the Company pursuant to the terms of the Credit Agreement. The aggregate amount of such Protective Advances outstanding at any time may not exceed $35 million. In connection with the Fourth Amendment, we recorded a write-down of previously unamortized debt issuance costs of approximately $1.9 million in the second quarter of 2017. In addition, we paid arrangement and amendment fees to the Agent and the lenders that provided their consent to the Amendment of approximately $5.3 million , which were capitalized in the second quarter of 2017 and will be amortized to interest expense over the remaining term of the agreement. We also utilize our Revolving Facility for the issuance of letters of credit, as well as to manage normal fluctuations in operational cash flow caused by the timing of cash receipts. In that regard, we may from time to time draw funds under the Revolving Facility for general corporate purposes. Amounts are drawn as needed due to the timing of cash flows and are generally paid down as cash is generated by our operating activities. We believe the cash flow generated from operations, together with amounts available under our Credit Agreement, will be sufficient to fund our operations during the next 12 months. As of September 30, 2017 , we have issued letters of credit of $86 million . The table below shows the required and actual ratios under the Credit Agreement calculated as of September 30, 2017 : Required Ratio Actual Ratio Consolidated Fixed Charge Coverage Ratio No less than 1.10:1 0.45:1 The actual Consolidated Fixed Charge Coverage ratio was calculated pursuant to the Credit Agreement by dividing the sum of consolidated EBITDA minus Unfinanced Capital Expenditures minus the excess (to the extent positive) of (i) expenses for income taxes paid in cash minus (ii) cash income tax refunds received) for the 12-month period ending September 30, 2017 ( $21.5 million ), by consolidated fixed charges for the 12-month period ending September 30, 2017 ( $47.7 million ). For purposes of the calculation, “consolidated fixed charges” is defined as the sum of consolidated interest expense and scheduled principal payments on indebtedness actually made during such period. The actual Consolidated Fixed Charge Coverage Ratio of 0.45:1 as of September 30, 2017 was below the minimum requirement of 1.10:1 as defined in the Fourth Amendment modifications above. As a result of being out of compliance with this covenant, we must maintain $50.0 million of excess availability on the Revolving Facility. Availability under our Revolving Facility was $147.5 million at September 30, 2017 , net of the $50 million of excess availability we must maintain on the Revolving Facility. Events of default under the Credit Agreement include customary events, such as a cross-acceleration provision in the event that we default on other debt. In addition, an event of default under the Credit Agreement would occur if a change of control occurs. This is defined to include the case where a third party becomes the beneficial owner of 35% or more of our voting stock or a majority of Rent-A-Center’s Board of Directors are not Continuing Directors (all of the current members of our Board of Directors are Continuing Directors under the Credit Agreement). 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. In addition to the Revolving Facility discussed above, we maintain a $20 million unsecured, revolving line of credit with INTRUST Bank, N.A. to facilitate cash management. The availability of our INTRUST line of credit is restricted if the borrowing capacity under our Revolving Facility drops below $10 million. As of September 30, 2017 , we had $1.1 million outstanding borrowings against this line of credit and no outstanding borrowings at December 31, 2016 . The line of credit renews annually. 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 September 30, 2017 for each of the years ending December 31: (in thousands) Term Loan Revolving Facility INTRUST Line of Credit Total 2017 $ 562 $ — $ 1,070 $ 1,632 2018 2,250 — — 2,250 2019 2,250 55,000 — 57,250 2020 2,250 — — 2,250 2021 41,813 — — 41,813 Thereafter — — — — Total senior debt $ 49,125 $ 55,000 $ 1,070 $ 105,195

Subsidiary Guarantors - Senior

Subsidiary Guarantors - Senior Notes	9 Months Ended
	Sep. 30, 2017
Subsidiary Guarantors - Senior Notes [Abstract]
Subsidiary Guarantors - Senior Notes	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 September 30, 2017 and December 31, 2016 , was $292.7 million , reduced by $2.0 million and $2.5 million of unamortized issuance costs, respectively. On May 2, 2013, we issued $250.0 million in senior unsecured notes due May 2021, bearing interest at 4.75%, pursuant to an indenture dated May 2, 2013, among Rent-A-Center, Inc., its subsidiary guarantors and The Bank of New York Mellon Trust Company, as trustee. A portion of the proceeds of this offering were used to repurchase shares of our common stock under a $200.0 million accelerated stock buyback program. The remaining net proceeds were used to repay outstanding revolving debt under our Prior Credit Agreement. The principal amount of the 4.75% notes outstanding as of September 30, 2017 and December 31, 2016 , was $250.0 million , reduced by $2.3 million and $2.8 million of unamortized issuance costs, respectively. The indentures governing the 6.625% notes and the 4.75% notes are substantially similar. Each indenture contains covenants that limit our ability to: • incur additional debt; • sell assets or our subsidiaries; • grant liens to third parties; • pay cash dividends or repurchase stock when total leverage is greater than 2.50:1 (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 4.75% notes also require that upon the occurrence of a change of control (as defined in the 2013 indenture), the holders of the notes have the right to require us to repurchase the notes at a price equal to 101% of the original aggregate principal amount, together with accrued and unpaid interest, if any, to the date of repurchase. Any mandatory repurchase of the 6.625% notes and/or the 4.75% notes would trigger an event of default under our Credit Agreement. We are not required to maintain any financial ratios under either of the indentures. Rent-A-Center and its subsidiary guarantors have fully, jointly and severally, and unconditionally guaranteed the obligations of Rent-A-Center with respect to the 6.625% notes and the 4.75% notes. Rent-A-Center has no independent assets or operations, and each subsidiary guarantor is 100% owned directly or indirectly by Rent-A-Center. The only direct or indirect subsidiaries of Rent-A-Center that are not guarantors are minor subsidiaries. There are no restrictions on the ability of any of the subsidiary guarantors to transfer funds to Rent-A-Center in the form of loans, advances or dividends, except as provided by applicable law.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value	Fair Value We follow a three-tier fair value hierarchy, which classifies the inputs used in measuring fair values, in determining the fair value of our non-financial assets and non-financial liabilities, which consist primarily of goodwill. These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. There were no changes in the methods and assumptions used in measuring fair value during the period. At September 30, 2017 , our financial instruments include cash and cash equivalents, receivables, payables, senior debt and senior notes. The carrying amount of cash and cash equivalents, receivables and payables approximates fair value at September 30, 2017 and December 31, 2016 , because of the short maturities of these instruments. Our senior debt is variable rate debt that re-prices frequently and entails no significant change in credit risk and, as a result, fair value approximates carrying value. The fair value of our senior notes is based on Level 1 inputs and was as follows at September 30, 2017 and December 31, 2016 : September 30, 2017 December 31, 2016 (in thousands) Carrying Value Fair Value Difference Carrying Value Fair Value Difference 6.625% senior notes $ 292,740 $ 277,371 $ (15,369 ) $ 292,740 $ 266,393 $ (26,347 ) 4.75% senior notes 250,000 226,250 (23,750 ) 250,000 206,250 (43,750 ) Total senior notes $ 542,740 $ 503,621 $ (39,119 ) $ 542,740 $ 472,643 $ (70,097 )

Other Charges

Other Charges	9 Months Ended
	Sep. 30, 2017
Restructuring Costs and Asset Impairment Charges [Abstract]
Other Charges	Other Charges Acceptance Now Store Closures. During the first six months of 2017, we closed 319 Acceptance Now manned locations and 9 Acceptance Now direct locations, related to the hhgregg bankruptcy and liquidation plan and the Conn's referral contract termination. These closures resulted in pre-tax charges of $16.4 million for the nine months ended September 30, 2017, consisting primarily of rental merchandise losses, disposal of fixed assets, and other miscellaneous labor and shutdown costs. In addition, we recorded a pre-tax impairment charge of $3.9 million to our intangible assets for our discontinued vendor relationship. Corporate Cost Rationalization. During the first nine months of 2017, we executed a head count reduction that impacted approximately 10% of our field support center workforce. This resulted in pre-tax charges for severance and other payroll-related costs of approximately $3.4 million for the nine months ended September 30, 2017 . Effects of Hurricanes. During the third quarter of 2017, Hurricanes Harvey, Irma and Maria caused significant damage in the continental United States and surrounding areas, including Texas, Florida, and Puerto Rico, resulting in pre-tax expenses of approximately $1.9 million for inventory losses, store repair costs, fixed asset write-offs, and employee assistance. Approximately $1.7 million of these pre-tax expenses related to Hurricanes Harvey and Irma, while the remaining $0.2 million related to employee assistance payments for Hurricane Maria. At this time, we are unable to reasonably estimate the extent of losses incurred due to the damage caused by Hurricane Maria, but we expect to have a more complete assessment during the fourth quarter of 2017. U.S Core Store and Acceptance Now Consolidation Plan. During the second quarter of 2016, we closed 167 U.S. Core and 96 Acceptance Now locations, resulting in a pre-tax restructuring charge of $1.0 million and $19.9 million for the three and nine months ended September 30, 2016. Restructuring charges consisted of lease obligation costs, disposal of fixed assets, and other miscellaneous labor and shutdown costs. Mexico Store Consolidation Plan. During the first quarter of 2016, we closed 14 stores in Mexico, resulting in pre-tax restructuring charges of $2.3 million in the Mexico segment for disposal of rental merchandise, fixed assets and leasehold improvements and other charges to decommission the stores. Activity with respect to other charges for the nine months ended September 30, 2017 is summarized in the below table: (in thousands) Accrued Charges at December 31, 2016 Charges & Adjustments Payments Accrued Charges at September 30, 2017 Cash charges: Labor reduction costs $ 1,393 $ 3,744 $ (2,699 ) $ 2,438 Lease obligation costs 6,628 285 (4,135 ) 2,778 Other miscellaneous — 634 (634 ) — Total cash charges $ 8,021 4,663 $ (7,468 ) $ 5,216 Non-cash charges: Rental merchandise losses 15,548 Loss on sale of fixed assets 956 Impairment of intangible asset 3,896 Other (1) 6,517 Total other charges $ 31,580 (1) Other primarily includes litigation settlements, incremental legal and advisory fees related to shareholder proposals, and effects of hurricanes.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Information [Abstract]
Segment Information	Segment Information The operating segments reported below are the segments for which separate financial information is available and for which segment results are evaluated by the chief operating decision makers. Our operating segments are organized based on factors including, but not limited to, type of business transactions, geographic location and store ownership. All operating segments offer merchandise from four basic product categories: consumer electronics, appliances, computers, furniture and accessories. Our Core U.S. and Franchising segments also offer smartphones. Segment information for the three and nine months ended September 30, 2017 and 2016 is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Revenues Core U.S. $ 442,763 $ 481,805 $ 1,390,687 $ 1,596,782 Acceptance Now 184,293 194,398 622,160 624,310 Mexico 12,237 12,454 35,351 39,514 Franchising 4,672 5,220 15,388 18,542 Total revenues $ 643,965 $ 693,877 $ 2,063,586 $ 2,279,148 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Gross profit Core U.S. $ 309,779 $ 343,071 $ 965,739 $ 1,138,089 Acceptance Now 92,088 102,998 310,451 319,492 Mexico 8,466 8,897 24,668 27,478 Franchising 2,132 2,260 6,803 7,269 Total gross profit $ 412,465 $ 457,226 $ 1,307,661 $ 1,492,328 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Operating (loss) profit Core U.S. $ 23,859 $ 26,058 $ 79,241 $ 127,009 Acceptance Now 10,379 29,592 49,595 86,508 Mexico (242 ) 235 (122 ) (1,803 ) Franchising 1,032 1,430 3,565 4,268 Total segments 35,028 57,315 132,279 215,982 Corporate (43,473 ) (40,615 ) (140,445 ) (123,302 ) Total operating (loss) profit $ (8,445 ) $ 16,700 $ (8,166 ) $ 92,680 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Depreciation, amortization and impairment of intangibles Core U.S. $ 7,725 $ 9,495 $ 23,715 $ 30,950 Acceptance Now 568 815 1,983 2,480 Mexico 496 746 1,549 2,549 Franchising 45 44 133 133 Total segments 8,834 11,100 27,380 36,112 Corporate 9,845 8,898 28,548 24,486 Total depreciation, amortization and impairment of intangibles $ 18,679 $ 19,998 $ 55,928 $ 60,598 We recorded an impairment of intangibles of $3.9 million in the Acceptance Now segment during the first nine months of 2017 that is not included in the table above. The impairment charge was recorded to Other Charges in the Condensed Consolidated Statement of Operations. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Capital expenditures Core U.S. $ 6,625 $ 3,864 $ 21,333 $ 11,092 Acceptance Now 430 860 1,525 1,457 Mexico 56 36 103 259 Total segments 7,111 4,760 22,961 12,808 Corporate 6,258 13,895 30,567 34,031 Total capital expenditures $ 13,369 $ 18,655 $ 53,528 $ 46,839 Segment information - Selected balance sheet data: (in thousands) September 30, 2017 December 31, 2016 On rent rental merchandise, net Core U.S. $ 364,656 $ 426,845 Acceptance Now 292,247 354,486 Mexico 13,514 13,787 Total on rent rental merchandise, net $ 670,417 $ 795,118 (in thousands) September 30, 2017 December 31, 2016 Held for rent rental merchandise, net Core U.S. $ 189,029 $ 192,718 Acceptance Now 5,897 7,489 Mexico 4,842 6,629 Total held for rent rental merchandise, net $ 199,768 $ 206,836 (in thousands) September 30, 2017 December 31, 2016 Assets by segment Core U.S. $ 793,036 $ 872,551 Acceptance Now 363,212 432,383 Mexico 33,062 31,415 Franchising 3,094 2,197 Total segments 1,192,404 1,338,546 Corporate 237,913 264,195 Total assets $ 1,430,317 $ 1,602,741

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2017
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation We recognized $1.1 million and $2.6 million in pre-tax compensation expense related to stock options and restricted stock units during the three months ended September 30, 2017 and 2016 , respectively, and $2.2 million and $7.4 million during the nine months ended September 30, 2017 and 2016 , respectively. During the nine months ended September 30, 2017 , we granted approximately 827,000 stock options, 490,000 market-based performance restricted stock units and 466,000 time-vesting restricted stock units. The stock options granted were valued using a Black-Scholes pricing model with the following assumptions: an expected volatility of 43.75% to 53.67% , a risk-free interest rate of 1.54% to 2.07% , an expected dividend yield of 2.73% to 3.85% and an expected term of 3.5 years to 5.75 years . The weighted-average exercise price of the options granted during the nine months ended September 30, 2017 was $9.21 and the weighted-average grant-date fair value was $2.83 . Performance-based restricted stock units are valued using a Monte Carlo simulation. Time-vesting restricted stock units are valued using the closing price on the trading day immediately preceding the day of the grant. The weighted-average grant date fair value of the restricted stock units granted during the nine months ended September 30, 2017 was $9.00 .

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies From time to time, the Company, along with our subsidiaries, is 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 condensed 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. We do not expect the ultimate outcome of the audit or any negotiated settlements to have a material adverse impact to our financial statements.
Guarantees	Our subsidiary, ColorTyme Finance, Inc. (“ColorTyme Finance”), is a party to an agreement with Citibank, N.A., pursuant to which Citibank provides 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. The maximum guarantee obligation under this agreement, excluding the effects of any amounts that could be recovered under collateralization provisions, is $27.0 million , of which $1.1 million was outstanding as of September 30, 2017 .

Earnings (Loss) Per Common Shar

Earnings (Loss) Per Common Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings (Loss) Per Common Share	Earnings (Loss) Per Common Share Summarized basic and diluted earnings per common share were calculated as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2017 2016 2017 2016 Numerator: Net (loss) earnings $ (12,599 ) $ 6,181 $ (28,171 ) $ 41,188 Denominator: Weighted-average shares outstanding 53,306 53,155 53,272 53,111 Effect of dilutive stock awards (1) — 299 — 281 Weighted-average dilutive shares 53,306 53,454 53,272 53,392 Basic (loss) earnings per common share $ (0.24 ) $ 0.12 $ (0.53 ) $ 0.78 Diluted (loss) earnings per common share $ (0.24 ) $ 0.12 $ (0.53 ) $ 0.77 Anti-dilutive securities excluded from diluted (loss) earnings per common share: Anti-dilutive restricted share units 1,419 814 1,419 814 Anti-dilutive stock options 3,103 3,185 3,103 2,618 (1) There was no dilutive effect to the loss per common share for the three and nine months ended September 30, 2017 due to the net loss incurred for both periods.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2017
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.
Newly Adopted Accounting Pronouncements	Newly Adopted Accounting Pronouncements In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting , which includes multiple provisions intended to simplify various aspects of the accounting for share-based payments. Rent-A-Center adopted ASU 2016-09 beginning January 1, 2017. We adopted the recognition of excess tax benefits in the provision for income taxes rather than paid-in-capital, and the classification of excess tax benefits on the statement of cash flows on a prospective basis. We elected to continue to estimate forfeitures expected to occur in our determination of compensation cost recognized each period. Furthermore, we adopted the minimum statutory withholding requirements and classification of employee taxes paid on the statement of cash flows on a modified retrospective and full retrospective basis, respectively. Additional amendments included in the accounting standard update were not applicable to us. Impacts resulting from adoption were immaterial to the consolidated financial statements.

Senior Debt (Tables)

Senior Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Senior Debt [Abstract]
Financial Covenants Ratios	The table below shows the required and actual ratios under the Credit Agreement calculated as of September 30, 2017 : Required Ratio Actual Ratio Consolidated Fixed Charge Coverage Ratio No less than 1.10:1 0.45:1
Schedule of Maturities of Long-term Debt	The table below shows the scheduled maturity dates of our outstanding debt at September 30, 2017 for each of the years ending December 31: (in thousands) Term Loan Revolving Facility INTRUST Line of Credit Total 2017 $ 562 $ — $ 1,070 $ 1,632 2018 2,250 — — 2,250 2019 2,250 55,000 — 57,250 2020 2,250 — — 2,250 2021 41,813 — — 41,813 Thereafter — — — — Total senior debt $ 49,125 $ 55,000 $ 1,070 $ 105,195

Fair Value Fair Value (Tables)

Fair Value Fair Value (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements, Nonrecurring	The fair value of our senior notes is based on Level 1 inputs and was as follows at September 30, 2017 and December 31, 2016 : September 30, 2017 December 31, 2016 (in thousands) Carrying Value Fair Value Difference Carrying Value Fair Value Difference 6.625% senior notes $ 292,740 $ 277,371 $ (15,369 ) $ 292,740 $ 266,393 $ (26,347 ) 4.75% senior notes 250,000 226,250 (23,750 ) 250,000 206,250 (43,750 ) Total senior notes $ 542,740 $ 503,621 $ (39,119 ) $ 542,740 $ 472,643 $ (70,097 )

Other Charges (Tables)

Other Charges (Tables)	9 Months Ended
	Sep. 30, 2017
Restructuring Costs and Asset Impairment Charges [Abstract]
Other Charges [Table Text Block]	Activity with respect to other charges for the nine months ended September 30, 2017 is summarized in the below table: (in thousands) Accrued Charges at December 31, 2016 Charges & Adjustments Payments Accrued Charges at September 30, 2017 Cash charges: Labor reduction costs $ 1,393 $ 3,744 $ (2,699 ) $ 2,438 Lease obligation costs 6,628 285 (4,135 ) 2,778 Other miscellaneous — 634 (634 ) — Total cash charges $ 8,021 4,663 $ (7,468 ) $ 5,216 Non-cash charges: Rental merchandise losses 15,548 Loss on sale of fixed assets 956 Impairment of intangible asset 3,896 Other (1) 6,517 Total other charges $ 31,580 (1) Other primarily includes litigation settlements, incremental legal and advisory fees related to shareholder proposals, and effects of hurricanes.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Information [Abstract]
Segment Information	Segment information for the three and nine months ended September 30, 2017 and 2016 is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Revenues Core U.S. $ 442,763 $ 481,805 $ 1,390,687 $ 1,596,782 Acceptance Now 184,293 194,398 622,160 624,310 Mexico 12,237 12,454 35,351 39,514 Franchising 4,672 5,220 15,388 18,542 Total revenues $ 643,965 $ 693,877 $ 2,063,586 $ 2,279,148 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Gross profit Core U.S. $ 309,779 $ 343,071 $ 965,739 $ 1,138,089 Acceptance Now 92,088 102,998 310,451 319,492 Mexico 8,466 8,897 24,668 27,478 Franchising 2,132 2,260 6,803 7,269 Total gross profit $ 412,465 $ 457,226 $ 1,307,661 $ 1,492,328 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Operating (loss) profit Core U.S. $ 23,859 $ 26,058 $ 79,241 $ 127,009 Acceptance Now 10,379 29,592 49,595 86,508 Mexico (242 ) 235 (122 ) (1,803 ) Franchising 1,032 1,430 3,565 4,268 Total segments 35,028 57,315 132,279 215,982 Corporate (43,473 ) (40,615 ) (140,445 ) (123,302 ) Total operating (loss) profit $ (8,445 ) $ 16,700 $ (8,166 ) $ 92,680 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Depreciation, amortization and impairment of intangibles Core U.S. $ 7,725 $ 9,495 $ 23,715 $ 30,950 Acceptance Now 568 815 1,983 2,480 Mexico 496 746 1,549 2,549 Franchising 45 44 133 133 Total segments 8,834 11,100 27,380 36,112 Corporate 9,845 8,898 28,548 24,486 Total depreciation, amortization and impairment of intangibles $ 18,679 $ 19,998 $ 55,928 $ 60,598 We recorded an impairment of intangibles of $3.9 million in the Acceptance Now segment during the first nine months of 2017 that is not included in the table above. The impairment charge was recorded to Other Charges in the Condensed Consolidated Statement of Operations. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Capital expenditures Core U.S. $ 6,625 $ 3,864 $ 21,333 $ 11,092 Acceptance Now 430 860 1,525 1,457 Mexico 56 36 103 259 Total segments 7,111 4,760 22,961 12,808 Corporate 6,258 13,895 30,567 34,031 Total capital expenditures $ 13,369 $ 18,655 $ 53,528 $ 46,839 Segment information - Selected balance sheet data: (in thousands) September 30, 2017 December 31, 2016 On rent rental merchandise, net Core U.S. $ 364,656 $ 426,845 Acceptance Now 292,247 354,486 Mexico 13,514 13,787 Total on rent rental merchandise, net $ 670,417 $ 795,118 (in thousands) September 30, 2017 December 31, 2016 Held for rent rental merchandise, net Core U.S. $ 189,029 $ 192,718 Acceptance Now 5,897 7,489 Mexico 4,842 6,629 Total held for rent rental merchandise, net $ 199,768 $ 206,836 (in thousands) September 30, 2017 December 31, 2016 Assets by segment Core U.S. $ 793,036 $ 872,551 Acceptance Now 363,212 432,383 Mexico 33,062 31,415 Franchising 3,094 2,197 Total segments 1,192,404 1,338,546 Corporate 237,913 264,195 Total assets $ 1,430,317 $ 1,602,741

Earnings (Loss) Per Common Sh21

Earnings (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings (Loss) Per Common Share	Summarized basic and diluted earnings per common share were calculated as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2017 2016 2017 2016 Numerator: Net (loss) earnings $ (12,599 ) $ 6,181 $ (28,171 ) $ 41,188 Denominator: Weighted-average shares outstanding 53,306 53,155 53,272 53,111 Effect of dilutive stock awards (1) — 299 — 281 Weighted-average dilutive shares 53,306 53,454 53,272 53,392 Basic (loss) earnings per common share $ (0.24 ) $ 0.12 $ (0.53 ) $ 0.78 Diluted (loss) earnings per common share $ (0.24 ) $ 0.12 $ (0.53 ) $ 0.77 Anti-dilutive securities excluded from diluted (loss) earnings per common share: Anti-dilutive restricted share units 1,419 814 1,419 814 Anti-dilutive stock options 3,103 3,185 3,103 2,618 (1) There was no dilutive effect to the loss per common share for the three and nine months ended September 30, 2017 due to the net loss incurred for both periods.

Senior Debt (Details)

Senior Debt (Details)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Senior Debt (Table Details) [Abstract]
Term loan, amount outstanding	$ 49,100,000			$ 49,100,000		$ 49,100,000	$ 191,800,000
Revolving facility, amount outstanding	55,000,000			55,000,000		55,000,000	0
Unamortized Debt Issuance Expense	6,200,000			6,200,000		6,200,000	5,100,000
Mandatory Excess Cash Flow Pre-Payment				$ 141,000,000			27,000,000
Commitment fee percentage				0.50%
Dividends paid				$ (12,811,000)	$ (21,291,000)
Senior credit facility, maximum amount	350,000,000			350,000,000		350,000,000
Senior credit facilities, additional amount allowed	100,000,000			100,000,000		100,000,000
Debt refinancing charges	0	$ 1,900,000	$ 0	1,936,000	$ 0
Debt arrangement and amendment fees		$ 5,300,000
Letters of credit, amount outstanding	$ 86,000,000			$ 86,000,000		$ 86,000,000
Financial Covenants Ratios (Table Details) [Abstract]
Required consolidated fixed charge coverage ratio, minimum	1.1			1.1		1.1
Actual consolidated fixed charge coverage ratio	0.45			0.45		0.45
Covenants [Abstract]
Covenants for senior credit facilities - amount available under restricted payment basket	$ 15,000,000			$ 15,000,000		$ 15,000,000
Adjusted consolidated EBITDA						21,500,000
Consolidated fixed charges						$ 47,700,000
Event of default-3rd party ownership % of our voting stock	35.00%			35.00%		35.00%
Event of default-not satisfied or bonded judgment in excess of	$ 50,000,000			$ 50,000,000		$ 50,000,000
Maximum period allowed for pending judgment to satisfy or bond (in days)	30			30		30
Unsecured line of credit, maximum facility	$ 20,000,000			$ 20,000,000		$ 20,000,000
Unsecured line of credit, amount outstanding	1,100,000			1,100,000		1,100,000	$ 0
Maturities of Long-term Debt [Abstract]
2,017	1,632,000			1,632,000		1,632,000
2,018	2,250,000			2,250,000		2,250,000
2,019	57,250,000			57,250,000		57,250,000
2,020	2,250,000			2,250,000		2,250,000
2,021	41,813,000			41,813,000		41,813,000
Thereafter	0			0		0
Total senior debt	105,195,000			105,195,000		105,195,000
Dividend annual limit [Member]
Senior Debt (Table Details) [Abstract]
Equity Restrictions	15,000,000			$ 15,000,000		15,000,000
Minimum [Member]
Senior Debt (Table Details) [Abstract]
Commitment fee percentage				0.30%
Maximum [Member]
Senior Debt (Table Details) [Abstract]
Commitment fee percentage				0.50%
Prime Rate [Member]
Senior Debt (Table Details) [Abstract]
Description of variable rate basis				prime
Eurodollar [Member]
Senior Debt (Table Details) [Abstract]
Description of variable rate basis				Eurodollar rate
Line of Credit [Member]
Covenants [Abstract]
Unsecured line of credit, amount outstanding	1,070,000			$ 1,070,000		1,070,000
Maturities of Long-term Debt [Abstract]
2,017	1,070,000			1,070,000		1,070,000
2,018	0			0		0
2,019	0			0		0
2,020	0			0		0
2,021	0			0		0
Thereafter	0			0		0
Revolving Credit Facility [Member]
Senior Debt (Table Details) [Abstract]
Revolving facility, amount outstanding	55,000,000			$ 55,000,000		55,000,000
Maturity date				Mar. 19, 2019
Covenants [Abstract]
Line of Credit Facility, Remaining Borrowing Capacity	147,500,000			$ 147,500,000		147,500,000
Maturities of Long-term Debt [Abstract]
2,017	0			0		0
2,018	0			0		0
2,019	55,000,000			55,000,000		55,000,000
2,020	0			0		0
2,021	0			0		0
Thereafter	$ 0			$ 0		$ 0
Revolving Credit Facility [Member] | Prime Rate [Member]
Senior Debt (Table Details) [Abstract]
Margin on Prime Rate, actual	2.00%			2.00%		2.00%
Revolving Credit Facility [Member] | Prime Rate [Member] | Minimum [Member]
Senior Debt (Table Details) [Abstract]
Basis margin on variable rate				0.50%
Revolving Credit Facility [Member] | Prime Rate [Member] | Maximum [Member]
Senior Debt (Table Details) [Abstract]
Basis margin on variable rate				2.00%
Revolving Credit Facility [Member] | Eurodollar [Member]
Senior Debt (Table Details) [Abstract]
Margin on Eurodollar rate, actual	3.00%			3.00%		3.00%
Revolving Credit Facility [Member] | Eurodollar [Member] | Minimum [Member]
Senior Debt (Table Details) [Abstract]
Basis margin on variable rate				1.50%
Revolving Credit Facility [Member] | Eurodollar [Member] | Maximum [Member]
Senior Debt (Table Details) [Abstract]
Basis margin on variable rate				3.00%
Term Loan [Member]
Senior Debt (Table Details) [Abstract]
Term loan, amount outstanding	$ 49,125,000			$ 49,125,000		$ 49,125,000
Maturity date				Mar. 19, 2021
Term Loan, Periodic Payment, Principal				$ 562,500
Margin on Eurodollar rate, actual	3.00%			3.00%		3.00%
Margin on Prime Rate, actual	2.00%			2.00%		2.00%
Maturities of Long-term Debt [Abstract]
2,017	$ 562,000			$ 562,000		$ 562,000
2,018	2,250,000			2,250,000		2,250,000
2,019	2,250,000			2,250,000		2,250,000
2,020	2,250,000			2,250,000		2,250,000
2,021	41,813,000			41,813,000		41,813,000
Thereafter	$ 0			$ 0		$ 0

Subsidiary Guarantors - Senio23

Subsidiary Guarantors - Senior Notes (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Senior Notes [Line Items]
Carrying value of senior notes	$ 542,740	$ 542,740
Unamortized Debt Issuance Expense	6,200	5,100
Covenant for Debt Basket Available Under Senior Notes	20,000
Event of default for senior notes - failure of other debt payment at maturity in excess of this amount	50,000
Event of default for senior notes - not discharged, bonded or insured judgment in excess of this amount	$ 50,000
Our ownership percentage of subsidiary guarantors of senior notes	100.00%
Senior Notes Due 2020 [Member]
Senior Notes [Line Items]
Initial Borrowing in Senior Notes	$ 300,000
Portion of proceeds from senior notes used to repay outstanding term debt	200,000
Carrying value of senior notes	292,740	292,740
Unamortized Debt Issuance Expense	$ 2,000	2,500
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]
Initial Borrowing in Senior Notes	$ 250,000
Carrying value of senior notes	250,000	250,000
Unamortized Debt Issuance Expense	2,300	$ 2,800
Portion of proceeds from senior notes used to repurchase shares of common stock	$ 200,000
Percentage of original aggregate principle amount of senior notes included in repurchase price at change of control	101.00%
Senior Notes Due 2021 [Member] | Senior Notes, Redemption, Period One [Member]
Senior Notes [Line Items]
Senior notes, redemption price, percentage	103.563%

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	$ 542,740	$ 542,740
Amount of difference between fair value and carrying value	(39,119)	(70,097)
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	292,740
Amount of difference between fair value and carrying value	(15,369)	(26,347)
Senior Notes Due 2021 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior notes	250,000	250,000
Amount of difference between fair value and carrying value	(23,750)	(43,750)
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior notes	503,621	472,643
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	277,371	266,393
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	$ 226,250	$ 206,250

Other Charges (Details)

Other Charges (Details) $ in Thousands	3 Months Ended				6 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016	Mar. 31, 2016USD ($)	Jun. 30, 2017	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Other Charges [Line Items]
Other						$ 6,517
Loss from Catastrophes	$ 1,900
Rental merchandise losses						15,548
Loss on sale of fixed assets						956
Impairment of intangible asset						3,896
Total other charges	6,825	$ 956				31,580	$ 22,240
Hurricane Harvey and Irma [Member]
Other Charges [Line Items]
Loss from Catastrophes	1,700
Hurricane Maria [Member]
Other Charges [Line Items]
Loss from Catastrophes	$ 200
2017 Acceptance Now Consolidation Plan [Member] | Acceptance Now [Member]
Other Charges [Line Items]
Pretax other charges						16,400
Impairment of intangible asset						$ 3,900
2017 Field Support Center Restructuring Plan [Member] | Corporate, Non-Segment [Member]
Other Charges [Line Items]
Head count reduction as percent of total workforce						10.00%
2017 Field Support Center Restructuring Plan [Member] | Corporate, Non-Segment [Member] | Labor reduction costs
Other Charges [Line Items]
Restructuring cash charges						$ 3,400
2016 US Core Store and Acceptance Now Consolidation Plan [Member]
Other Charges [Line Items]
Pretax other charges		$ 1,000					$ 19,900
2016 US Core Store and Acceptance Now Consolidation Plan [Member] | Acceptance Now [Member]
Other Charges [Line Items]
Number of Stores Closed			96
2016 US Core Store and Acceptance Now Consolidation Plan [Member] | Core Us [Member]
Other Charges [Line Items]
Number of Stores Closed			167
2016 Mexico Store Consolidation Plan [Member] | Mexico [Member]
Other Charges [Line Items]
Number of Stores Closed				14
Pretax other charges				$ 2,300
Charges and adjustments [Member]
Other Charges [Line Items]
Restructuring cash charges						4,663
Charges and adjustments [Member] | Labor reduction costs
Other Charges [Line Items]
Restructuring cash charges						3,744
Charges and adjustments [Member] | Lease obligation costs
Other Charges [Line Items]
Restructuring cash charges						285
Charges and adjustments [Member] | Other miscellaneous
Other Charges [Line Items]
Restructuring cash charges						634
Payments [Member]
Other Charges [Line Items]
Restructuring payments						(7,468)
Payments [Member] | Labor reduction costs
Other Charges [Line Items]
Restructuring payments						(2,699)
Payments [Member] | Lease obligation costs
Other Charges [Line Items]
Restructuring payments						(4,135)
Payments [Member] | Other miscellaneous
Other Charges [Line Items]
Restructuring payments						(634)
Restructuring Charges-Total [Member]
Other Charges [Line Items]
Restructuring cash charges						5,216		$ 8,021
Restructuring Charges-Total [Member] | Labor reduction costs
Other Charges [Line Items]
Restructuring cash charges						2,438		1,393
Restructuring Charges-Total [Member] | Lease obligation costs
Other Charges [Line Items]
Restructuring cash charges						2,778		6,628
Restructuring Charges-Total [Member] | Other miscellaneous
Other Charges [Line Items]
Restructuring cash charges						$ 0		$ 0
Manned Location [Member] | 2017 Acceptance Now Consolidation Plan [Member] | Acceptance Now [Member]
Other Charges [Line Items]
Number of Stores Closed					319
Direct Location [Member] | 2017 Acceptance Now Consolidation Plan [Member] | Acceptance Now [Member]
Other Charges [Line Items]
Number of Stores Closed					9

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 643,965	$ 693,877	$ 2,063,586	$ 2,279,148
Gross profit	412,465	457,226	1,307,661	1,492,328
Operating (loss) profit	(8,445)	16,700	(8,166)	92,680
Depreciation, amortization and impairment of intangibles	18,679	19,998	55,928	60,598
Impairment of intangible asset			3,896
Capital expenditures	13,369	18,655	53,528	46,839
Rental merchandise on rent, net	670,417		670,417		$ 795,118
Rental merchandise held for rent, net	199,768		199,768		206,836
Assets	1,430,317		1,430,317		1,602,741
Core U.S. [Member]
Segment Reporting Information [Line Items]
Revenues	442,763	481,805	1,390,687	1,596,782
Gross profit	309,779	343,071	965,739	1,138,089
Operating (loss) profit	23,859	26,058	79,241	127,009
Depreciation, amortization and impairment of intangibles	7,725	9,495	23,715	30,950
Capital expenditures	6,625	3,864	21,333	11,092
Rental merchandise on rent, net	364,656		364,656		426,845
Rental merchandise held for rent, net	189,029		189,029		192,718
Assets	793,036		793,036		872,551
Acceptance Now [Member]
Segment Reporting Information [Line Items]
Revenues	184,293	194,398	622,160	624,310
Gross profit	92,088	102,998	310,451	319,492
Operating (loss) profit	10,379	29,592	49,595	86,508
Depreciation, amortization and impairment of intangibles	568	815	1,983	2,480
Capital expenditures	430	860	1,525	1,457
Rental merchandise on rent, net	292,247		292,247		354,486
Rental merchandise held for rent, net	5,897		5,897		7,489
Assets	363,212		363,212		432,383
Mexico [Member]
Segment Reporting Information [Line Items]
Revenues	12,237	12,454	35,351	39,514
Gross profit	8,466	8,897	24,668	27,478
Operating (loss) profit	(242)	235	(122)	(1,803)
Depreciation, amortization and impairment of intangibles	496	746	1,549	2,549
Capital expenditures	56	36	103	259
Rental merchandise on rent, net	13,514		13,514		13,787
Rental merchandise held for rent, net	4,842		4,842		6,629
Assets	33,062		33,062		31,415
Franchising [Member]
Segment Reporting Information [Line Items]
Revenues	4,672	5,220	15,388	18,542
Gross profit	2,132	2,260	6,803	7,269
Operating (loss) profit	1,032	1,430	3,565	4,268
Depreciation, amortization and impairment of intangibles	45	44	133	133
Assets	3,094		3,094		2,197
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating (loss) profit	35,028	57,315	132,279	215,982
Depreciation, amortization and impairment of intangibles	8,834	11,100	27,380	36,112
Capital expenditures	7,111	4,760	22,961	12,808
Assets	1,192,404		1,192,404		1,338,546
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating (loss) profit	(43,473)	(40,615)	(140,445)	(123,302)
Depreciation, amortization and impairment of intangibles	9,845	8,898	28,548	24,486
Capital expenditures	6,258	$ 13,895	30,567	$ 34,031
Assets	$ 237,913		$ 237,913		$ 264,195

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,100	$ 2,600	$ 2,198	$ 7,439
Stock options granted			827,000
Performance-based restricted stock units granted			490,000
Time-vesting restricted stock units granted			466,000
Expected volatility rate, minimum			43.75%
Expected volatility rate, maximum			53.67%
Risk free interest rate, minimum			1.54%
Risk free interest rate, maximum			2.07%
Expected dividend yield, minimum			2.73%
Expected dividend yield, maximum			3.85%
Expected life, minimum			3 years 6 months
Expected life, maximum			5 years 9 months
Weighted average exercise price of options granted			$ 9.21
Weighted average grant date fair value of options granted			2.83
Weighted average grant date fair value of restricted stock units granted			$ 9
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used			Black-Scholes
Performance-based restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used			Monte Carlo

Contingencies (Details)

Contingencies (Details) $ in Millions	Sep. 30, 2017USD ($)
Guarantor Obligations [Line Items]
Amount outstanding	$ 1.1
Citibank [Member]
Guarantor Obligations [Line Items]
Maximum financing amount	$ 27

Earnings (Loss) Per Common Sh29

Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net (loss) earnings	$ (12,599)	$ 6,181	$ (28,171)	$ 41,188
Weighted average shares outstanding	53,306	53,155	53,272	53,111
Effect of dilutive stock awards	0	299	0	281
Weighted-average dilutive shares	53,306	53,454	53,272	53,392
Basic (loss) earnings per common share	$ (0.24)	$ 0.12	$ (0.53)	$ 0.78
Diluted (loss) earnings per common share	$ (0.24)	$ 0.12	$ (0.53)	$ 0.77
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options	1,419	814	1,419	814
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive stock options	3,103	3,185	3,103	2,618