Upbound (UPBD) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document and Company Informatio

Document and Company Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 29, 2019
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	001-38047
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-0491516
Entity Address, Address Line One	5501 Headquarters Drive
Entity Address, City or Town	Plano
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75024
City Area Code	972
Local Phone Number	801-1100
Title of 12(b) Security	Common Stock, $.01 Par Value
Trading Symbol	RCII
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		54,754,436
Entity Registrant Name	RENT A CENTER INC DE
Entity Central Index Key	0000933036
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Store
Rentals and fees	$ 550,795	$ 552,580	$ 1,665,829	$ 1,679,697
Merchandise sales	65,552	67,141	240,864	239,487
Installment sales	16,952	15,681	49,658	49,459
Other	1,054	2,140	2,962	6,995
Total store revenues	634,353	637,542	1,959,313	1,975,638
Franchise
Merchandise sales	11,178	4,135	30,307	12,649
Royalty income and fees	3,840	3,265	12,370	10,428
Total revenues	649,371	644,942	2,001,990	1,998,715
Store
Cost of rentals and fees	161,971	153,716	473,001	465,852
Cost of merchandise sold	70,575	74,340	250,000	236,255
Cost of installment sales	5,527	5,244	16,133	16,103
Total cost of store revenues	238,073	233,300	739,134	718,210
Franchise cost of merchandise sold	11,302	3,902	29,923	11,901
Total cost of revenues	249,375	237,202	769,057	730,111
Gross profit	399,996	407,740	1,232,933	1,268,604
Store expenses
Labor	158,666	168,297	473,221	513,543
Other store expenses	150,366	149,326	463,385	492,129
General and administrative expenses	34,364	40,818	105,822	127,480
Depreciation and amortization	14,894	16,946	45,788	52,274
Other charges and (gains)	2,859	6,721	(41,308)	40,665
Total operating expenses	361,149	382,108	1,046,908	1,226,091
Operating profit	38,847	25,632	186,025	42,513
Debt refinancing charges	2,168	0	2,168	0
Interest expense	6,733	10,496	26,214	32,662
Interest income	(85)	(345)	(2,956)	(756)
Earnings before income taxes	30,031	15,481	160,599	10,607
Income tax (benefit) expense	(1,246)	2,563	27,544	3,779
Net earnings	$ 31,277	$ 12,918	$ 133,055	$ 6,828
Basic earnings per common share	$ 0.57	$ 0.24	$ 2.46	$ 0.13
Diluted earnings per common share	$ 0.56	$ 0.24	$ 2.39	$ 0.13

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Comprehensive Income Statement - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net earnings	$ 31,277	$ 12,918	$ 133,055	$ 6,828
Other comprehensive (loss) income:
Foreign currency translation adjustments, net of tax of $(91) and $239, and $(11) and $112, for the three and nine months ended 2019 and 2018, respectively	(344)	900	(40)	423
Total other comprehensive (loss) income	(344)	900	(40)	423
Comprehensive income	30,933	13,818	133,015	7,251
Retained Earnings [Member]
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net earnings	$ 31,277	$ 12,918	$ 133,055	$ 6,828

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Comprehensive Income Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
foreign currency translation tax adjustment	$ (91)	$ 239	$ (11)	$ 112

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 73,682	$ 155,391
Receivables, net of allowance for doubtful accounts of $5,981 and $4,883 in 2019 and 2018, respectively	70,762	69,645
Prepaid expenses and other assets	39,120	51,352
Rental merchandise, net
On rent	633,740	683,808
Held for rent	109,931	123,662
Merchandise held for installment sale	3,631	3,834
Property assets, net of accumulated depreciation of $564,062 and $551,750 in 2019 and 2018, respectively	193,925	226,323
Operating lease right-of-use assets	268,101	0
Deferred tax asset	25,568	25,558
Goodwill	71,749	56,845
Other intangible assets, net	7,723	499
Total Assets	1,497,932	1,396,917
LIABILITIES
Accounts payable - trade	105,042	113,838
Accrued liabilities	301,797	337,459
Operating lease liabilities	272,515	0
Deferred tax liability	135,837	119,061
Senior debt, net	251,001	0
Senior notes, net	0	540,042
Total Liabilities	1,066,192	1,110,400
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 250,000,000 shares authorized; 111,105,930 and 109,909,504 shares issued in 2019 and 2018, respectively	1,110	1,099
Additional paid-in capital	866,316	838,436
Retained earnings	923,296	805,924
Treasury stock at cost, 56,369,752 shares in 2019 and 2018	(1,347,677)	(1,347,677)
Accumulated other comprehensive loss	(11,305)	(11,265)
Total Stockholders' Equity	431,740	286,517
Total Liabilities and Stockholders' Equity	$ 1,497,932	$ 1,396,917

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Allowance for doubtful accounts	$ 5,981	$ 4,883
Property assets, accumulated depreciation	$ 564,062	$ 551,750
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	250,000,000	250,000,000
Common stock - shares issued	111,105,930	109,909,504
Treasury stock - shares at cost	56,369,752	56,369,752

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other comprehensive Income (Loss) [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, shares, outstanding		109,682
Total stockholders' equity	$ 272,443	$ 1,097	$ 831,271	$ 798,743	$ (1,347,677)	$ (10,991)
Net earnings	(19,843)	0	0	(19,843)	0	0
Total other comprehensive (loss) income	1,648	$ 0	0	0	0	1,648
Exercise of stock options, shares		36
Exercise of stock options	374	$ 0	374	0	0	0
Vesting of restricted share units, shares		66
Vesting of restricted share units	(1)	$ 0	(1)	0	0	0
Shares withheld for employee taxes on awards vested & exercised	(195)	0	(195)	0	0	0
Stock-based compensation	1,862	$ 0	1,862	0	0	0
Common stock, shares, outstanding		109,784
Total stockholders' equity	254,977	$ 1,097	833,311	777,589	(1,347,677)	(9,343)
ASU adoption adjustment	(1,311)	0	0	(1,311)	0	0
Net earnings	13,753	0	0	13,753	0	0
Total other comprehensive (loss) income	(2,125)	$ 0	0	0	0	(2,125)
Exercise of stock options, shares		61
Exercise of stock options	597	$ 1	596	0	0	0
Vesting of restricted share units, shares		25
Vesting of restricted share units	0	$ 0	0	0	0	0
Stock-based compensation	1,133	$ 0	1,133	0	0	0
Common stock, shares, outstanding		109,870
Total stockholders' equity	268,335	$ 1,098	835,040	791,342	(1,347,677)	(11,468)
Net earnings	12,918	0	0	12,918	0	0
Total other comprehensive (loss) income	900	$ 0	0	0	0	900
Exercise of stock options, shares		9
Exercise of stock options	94	$ 0	94	0	0	0
Vesting of restricted share units, shares		0
Vesting of restricted share units	1	$ 1	0	0	0	0
Stock-based compensation	1,498	$ 0	1,498	0	0	0
Common stock, shares, outstanding		109,879
Total stockholders' equity	283,746	$ 1,099	836,632	804,260	(1,347,677)	(10,568)
Common stock, shares, outstanding		109,910
Total stockholders' equity	286,517	$ 1,099	838,436	805,924	(1,347,677)	(11,265)
Net earnings	7,323	0	0	7,323	0	0
Total other comprehensive (loss) income	521	$ 0	0	0	0	521
Exercise of stock options, shares		284
Exercise of stock options	2,892	$ 3	2,889	0	0	0
Vesting of restricted share units, shares		218
Vesting of restricted share units	0	$ 2	(2)	0	0	0
Shares withheld for employee taxes on awards vested & exercised	(1,734)	0	(1,734)	0	0	0
Stock-based compensation	709	$ 0	709	0	0	0
Common stock, shares, outstanding		110,412
Total stockholders' equity	294,252	$ 1,104	840,298	811,271	(1,347,677)	(10,744)
ASU adoption adjustment	(1,976)	0	0	(1,976)	0	0
Net earnings	94,455	0	0	94,455	0	0
Total other comprehensive (loss) income	(217)	$ 0	0	0	0	(217)
Exercise of stock options, shares		101
Exercise of stock options	1,418	$ 1	1,417	0	0	0
Vesting of restricted share units, shares		49
Vesting of restricted share units	0	$ 0	0	0	0	0
Stock-based compensation	1,982	$ 0	1,982	0	0	0
Common stock, shares, outstanding		110,562
Total stockholders' equity	391,890	$ 1,105	843,697	905,726	(1,347,677)	(10,961)
Net earnings	31,277	0	0		0	0
Total other comprehensive (loss) income	(344)	$ 0	0	0	0
Exercise of stock options, shares		105
Exercise of stock options	1,503	$ 1	1,502	0	0	0
Stock-based compensation	1,952	0	1,952	0	0	0
Dividends declared	(13,707)	$ 0	0	(13,707)	0	0
Merchants Preferred acquisition, shares		439
Merchants Preferred acquisition	19,169	$ 4	19,165	0	0	0
Common stock, shares, outstanding		111,106
Total stockholders' equity	$ 431,740	$ 1,110	$ 866,316	$ 923,296	$ (1,347,677)	$ (11,305)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities
Net earnings	$ 133,055	$ 6,828
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation of rental merchandise	455,143	461,484
Bad debt expense	11,591	10,372
Stock-based compensation expense	4,644	4,493
Depreciation of property assets	45,551	51,778
Loss on sale or disposal of property assets	278	2,529
Amortization of intangibles	237	496
Amortization of financing fees	2,574	4,074
Write-off of debt financing fees	2,168	0
Deferred income taxes	16,629	4,379
Changes in operating assets and liabilities, net of effects of acquisitions
Rental merchandise	(387,098)	(375,013)
Receivables	(11,891)	(5,746)
Prepaid expenses and other assets	10,080	(2,663)
Operating lease right-of-use assets and lease liabilities	5,305	0
Accounts payable - trade	(8,796)	7,711
Accrued liabilities	(51,341)	13,133
Net cash provided by operating activities	228,129	183,855
Cash flows from investing activities
Purchase of property assets	(12,010)	(22,491)
Proceeds from sale of property assets	16,922	16,474
Hurricane insurance recovery proceeds	995	0
Acquisitions of businesses	(28,722)	(2,049)
Net cash used in investing activities	(22,815)	(8,066)
Cash flows from financing activities
Exercise of stock options	5,813	1,064
Shares withheld for payment of employee tax withholdings	(1,733)	(283)
Debt issuance costs	8,454	0
Proceeds from debt	285,400	27,060
Repayments of debt	(568,140)	(166,357)
Net cash used in financing activities	(287,114)	(138,516)
Effect of exchange rate changes on cash	91	767
Net (decrease) increase in cash and cash equivalents	(81,709)	38,040
Cash and cash equivalents at beginning of period	155,391	72,968
Cash and cash equivalents at end of period	$ 73,682	$ 111,008

Basis of Presentation (Notes)

Basis of Presentation (Notes)	9 Months Ended
	Sep. 30, 2019
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, 2018 . 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 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, and includes the recently acquired Merchants Preferred virtual business model, 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, either directly or with the assistance of a representative of the third-party retailer, initiate the rent-to-own transaction online in the retailers' locations using our virtual solutions (virtual 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 February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) , which replaces existing accounting literature relating to the classification of, and accounting for, leases. Under ASU 2016-02, a company must recognize for all leases (with the exception of leases with terms of 12 months or less) a liability representing a lessee's obligation to make lease payments arising from a lease, and a right-of-use asset representing the lessee's right to use, or control the use of, a specified asset for the lease term. Lessor accounting is largely unchanged, with certain improvements to align lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. Adoption of ASU 2016-02 requires the use of a modified retrospective transition method to measure leases at the beginning of the earliest period presented in the consolidated financial statements. In July 2018, the FASB issued ASU 2018-11, allowing companies to apply a transition method for adoption of the new standard as of the adoption date, with recognition of any cumulative-effects as adjustments to the opening balance of retained earnings in the period of adoption. We adopted these ASUs beginning January 1, 2019 and elected the transition method under ASU 2018-11. Our rent-to-own agreements, which comprise the majority of our annual revenue, fall within the scope of ASU 2016-02 under lessor accounting; however, the new standard does not significantly affect the timing of recognition or presentation of revenue for our rental contracts. As a lessee, the new standard affected a substantial portion of our lease contracts. As of September 30, 2019 , we have $268.1 million operating lease right-of-use assets and $272.5 million operating lease liabilities in our condensed consolidated balance sheet. Upon adoption, we identified impairment losses related to closure of our product service centers and Core U.S. stores resulting in a cumulative-effect decrease of $2.0 million , net of tax, to our January 1, 2019 retained earnings balance. There were no significant effects to our condensed consolidated statements of operations or condensed consolidated statements of cash flows. We elected a package of optional practical expedients in our adoption of the new standard, including the option to retain the current classification for leases entered into prior to the date of adoption; the option not to reassess initial direct costs for capitalization for leases entered into prior to the date of adoption; and the option not to separate lease and non-lease components for our rent-to-own agreements as a lessor, and our real estate, and certain categories of equipment leases, as a lessee. In conjunction with the adoption of the new lease accounting standard, we implemented a new back-office lease administration and accounting system to support the new accounting and disclosure requirements as a lessee. In addition, we implemented changes to our previous accounting policies, processes, and internal controls to ensure compliance with the new standard. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which allows a company to reclassify to retained earnings the disproportionate income tax effects of the Tax Act on items with accumulated other comprehensive income that the FASB refers to as having been stranded in accumulated other comprehensive income. The adoption of ASU 2018-02 was required for us beginning January 1, 2019. We elected not to exercise the option to reclassify stranded tax effects within accumulated other comprehensive income in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act (or portion thereof) is recorded.

Acquisitions Acquisitions (Note

Acquisitions Acquisitions (Notes)	9 Months Ended
	Sep. 30, 2019
Acquisitions [Abstract]
Acquisitions [Text Block]	Acquisitions On August 13, 2019 , we completed the acquisition of substantially all of the assets of C/C Financial Corp. dba Merchants Preferred (" Merchants Preferred "), a nationwide provider of virtual rent-to-own services . The aggregate purchase price was approximately $46.6 million , including net cash consideration of approximately $28.0 million , and 701,918 shares of our common stock valued at $27.31 per share, as of the date of closing, less working capital adjustments of approximately $0.5 million . Assets acquired and liabilities assumed in connection with the acquisition have been recorded at their fair values. The following table provides the preliminary estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date: (in thousands) August 13, 2019 Receivables $ 1,813 Prepaid expenses and other assets 138 Rental merchandise 17,903 Software 4,300 Right of use operating leases 404 Other intangible assets 7,600 Goodwill 14,934 Lease liabilities (487 ) Net identifiable assets acquired $ 46,605 The fair value measurements were primarily based on significant unobservable inputs (level 3) developed using company-specific information. Certain fair value estimates were determined based on an independent valuation of the net assets acquired, including identifiable intangible assets, relating to dealer relationships, of $7.6 million , and software of $4.3 million . The fair value for dealer relationships and software were estimated using common industry valuation methods for similar asset types, based primarily on cost inputs and projected cash flows. The dealer relationships and software assets were both assigned remaining lives of 10 years . In addition, we recorded goodwill of $14.9 million , which consists of the excess of the net purchase price over the fair value of the net assets acquired . The goodwill is not deductible for tax purposes. The values reflected in the table above may change as we finalize our assessment of the acquired assets and liabilities. A change in these valuations may also impact the income tax related accounts and goodwill. Merchants Preferred results of operations are reflected in our unaudited Condensed Consolidated Statements of Operations from the date of acquisition. In connection with this acquisition, we recorded approximately $1.1 million in acquisition-related expenses during the nine months ended September 30, 2019 including expenses related to legal, professional, and banking transaction fees. These costs were included in other charges and (gains) in our unaudited condensed consolidated statement of operations.

Revenues Revenues (Notes)

Revenues Revenues (Notes)	9 Months Ended
	Sep. 30, 2019
Revenues [Abstract]
Revenues [Text Block]	Revenues The following table disaggregates our revenue for the periods ended September 30, 2019 and 2018 : Three Months Ended September 30, 2019 Core U.S. Acceptance Now Mexico Franchising Consolidated (In thousands) Store Rentals and fees $ 389,421 $ 148,711 $ 12,663 $ — $ 550,795 Merchandise sales 29,185 35,667 700 — 65,552 Installment sales 16,952 — — — 16,952 Other 939 108 7 — 1,054 Total store revenues 436,497 184,486 13,370 — 634,353 Franchise Merchandise sales — — — 11,178 11,178 Royalty income and fees — — — 3,840 3,840 Total revenues $ 436,497 $ 184,486 $ 13,370 $ 15,018 $ 649,371 Nine Months Ended September 30, 2019 Core U.S. Acceptance Now Mexico Franchising Consolidated (In thousands) Store Rentals and fees $ 1,196,800 $ 431,008 $ 38,021 $ — $ 1,665,829 Merchandise sales 112,678 125,963 2,223 — 240,864 Installment sales 49,658 — — — 49,658 Other 2,514 426 22 — 2,962 Total store revenues 1,361,650 557,397 40,266 — 1,959,313 Franchise Merchandise sales — — — 30,307 30,307 Royalty income and fees — — — 12,370 12,370 Total revenues $ 1,361,650 $ 557,397 $ 40,266 $ 42,677 $ 2,001,990 Three Months Ended September 30, 2018 Core U.S. Acceptance Now Mexico Franchising Consolidated (In thousands) Store Rentals and fees $ 403,483 $ 137,061 $ 12,036 $ — $ 552,580 Merchandise sales 30,135 36,264 742 — 67,141 Installment sales 15,681 — — — 15,681 Other 2,021 113 6 — 2,140 Total store revenues 451,320 173,438 12,784 — 637,542 Franchise Merchandise sales — — — 4,135 4,135 Royalty income and fees — — — 3,265 3,265 Total revenues $ 451,320 $ 173,438 $ 12,784 $ 7,400 $ 644,942 Nine Months Ended September 30, 2018 Core U.S. Acceptance Now Mexico Franchising Consolidated (In thousands) Store Rentals and fees $ 1,226,233 $ 418,684 $ 34,780 $ — $ 1,679,697 Merchandise sales 106,828 130,347 2,312 — 239,487 Installment sales 49,459 — — — 49,459 Other 6,561 404 30 — 6,995 Total store revenues 1,389,081 549,435 37,122 — 1,975,638 Franchise Merchandise sales — — — 12,649 12,649 Royalty income and fees — — — 10,428 10,428 Total revenues $ 1,389,081 $ 549,435 $ 37,122 $ 23,077 $ 1,998,715 Rental-Purchase Agreements Core U.S., Acceptance Now, and Mexico Rentals and Fees. Rental merchandise is leased to customers pursuant to rental purchase agreements, which provide for weekly, semi-monthly or monthly rental terms with non-refundable rental payments. At the expiration of each rental term, customers renew the rental agreement for the next rental term. Generally, the customer has the right to acquire title of the merchandise either through a purchase option or through payment of all required rental terms. Customers can terminate the agreement at the end of any rental term without penalty. Therefore rental transactions are accounted for as operating leases. Rental payments received at our Core U.S., ANOW (excluding Merchants Preferred) and Mexico locations must be prepaid and revenue is recognized over the rental term. Under Merchants Preferred virtual business model, revenues are earned prior to the rental payment due date. Therefore, revenue is accrued prior to receipt of the rental payment, net of estimated returns and uncollectible renewal payments. See Note 4 for additional information regarding accrued rental revenue and the related allowances for returns and uncollectible payments. Cash received for rental payments, including fees, prior to the period in which it should be recognized, is deferred and recognized according to the rental term. At September 30, 2019 and December 31, 2018 , we had $39.1 million and $42.1 million , respectively, in deferred revenue included in accrued liabilities related to our rental purchase agreements. Revenue related to various payment, reinstatement or late fees is recognized when paid by the customer at the point service is provided. Rental merchandise is depreciated using the income forecasting method and is recognized in cost of sales over the rental term. We also offer additional product plans along with our rental agreements which provide customers with liability protection against significant damage or loss of a product, and club membership benefits, including various discount programs and product service and replacement benefits in the event merchandise is damaged or lost. Customers renew product plans in conjunction with their rental term renewals, and can cancel the plans at any time. Revenue for product plans is recognized over the term of the plan. Costs incurred related to product plans are primarily recognized in cost of sales. Revenue from contracts with customers Core U.S., Acceptance Now, and Mexico Merchandise Sales. Merchandise sales include payments received for the exercise of the early purchase option offered through our rental purchase agreements or merchandise sold through point of sale transactions. Revenue for merchandise sales is recognized when payment is received and ownership of the merchandise passes to the customer. The remaining net value of merchandise sold is recorded to cost of sales at the time of the transaction. Installment Sales. Revenue from the sale of merchandise in our retail installment stores is recognized when the installment note is signed and control of the merchandise has passed to the customer. The cost of merchandise sold through installment agreements is recognized in cost of sales at the time of the transaction. We offer extended service plans with our installment agreements which are administered by third parties and provide customers with product service maintenance beyond the term of the installment agreement. Payments received for extended service plans are deferred and recognized, net of related costs, when the installment payment plan is complete and the service plan goes into effect. Customers can cancel extended service plans at any time during the installment agreement and receive a refund for payments previously made towards the plan. At September 30, 2019 and December 31, 2018 , we had $2.8 million and $3.0 million , respectively, in deferred revenue included in accrued liabilities related to extended service plans. Other. Other revenue primarily consisted of external maintenance and repair services provided by the Company’s service department, in addition to other miscellaneous product plans offered to our rental and installment customers. We completed the shut down of our service department operations early in the first quarter of 2019. Revenue for other product plans is recognized in accordance with the terms of the applicable plan agreement. Franchising Merchandise Sales. Revenue from the sale of rental merchandise is recognized upon shipment of the merchandise to the franchisee. Royalty Income and Fees. Franchise royalties, including franchisee contributions to corporate advertising funds, represent sales-based royalties calculated as a percentage of gross rental payments and sales. Royalty revenue is recognized as rental payments and sales occur. Franchise fees are initial fees charged to franchisees for new or converted franchise stores. Franchise fee revenue is recognized on a straight-line basis over the term of the franchise agreement. At September 30, 2019 and December 31, 2018 , we had $4.4 million and $4.1 million

Receivables and Allowance for D

Receivables and Allowance for Doubtful Accounts Receivables and Allowance for Doubtful Accounts (Notes)	9 Months Ended
	Sep. 30, 2019
Receivables and Allowance for Doubtful Accounts [Abstract]
Receivables and Allowance for Doubtful Accounts [Text Block]	Receivables and Allowance for Doubtful Accounts Installment sales receivables consist primarily of receivables due from customers for the sale of merchandise in our retail installment stores. Trade and notes receivables consist primarily of amounts due from our rental customers for renewal and uncollected rental payments; amounts owed from our franchisees for inventory purchases, earned royalties and other obligations; and other corporate related receivables. Receivables consist of the following: (In thousands) September 30, 2019 December 31, 2018 Installment sales receivables $ 52,163 $ 54,746 Trade and notes receivables 24,580 19,782 Total receivables 76,743 74,528 Less allowance for doubtful accounts (5,981 ) (4,883 ) Total receivables, net of allowance for doubtful accounts $ 70,762 $ 69,645 We maintain allowances against our receivable balances, primarily related to expected merchandise returns and uncollectible payments due from our virtual rental and installment customers. The allowance for doubtful accounts related to trade and notes receivable was $2.8 million and $1.3 million at September 30, 2019 and December 31, 2018 , respectively. The allowance for doubtful accounts related to installment sales receivable was $3.2 million and $3.6 million at September 30, 2019 and December 31, 2018 , respectively. Changes in our allowance for doubtful accounts are as follows: (In thousands) September 30, 2019 Beginning allowance for doubtful accounts $ 4,883 Bad debt expense (1) 10,198 Estimated returns and uncollectible rental payments (2) 1,393 Accounts written off (10,913 ) Recoveries 420 Ending allowance for doubtful accounts $ 5,981 (1) Bad debt expense is primarily related to uncollectible installment payments, franchisee obligations, and other corporate receivables, and is recognized in other store operating expenses in our condensed consolidated financial statements. (2) Estimated returns and uncollectible rental payments is recognized as a reduction to rental revenue in our condensed consolidated financial statements.

Leases Leases (Notes)

Leases Leases (Notes)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases [Text Block]	Leases We lease space for all of our Core U.S. and Mexico stores under operating leases expiring at various times through 2024 . Most of our store leases are five year leases and contain renewal options for additional periods ranging from three to five years at rental rates adjusted according to agreed-upon formulas. We evaluate all leases to determine if it is likely that we will exercise future renewal options and in most cases we are not reasonably certain of exercise due to competing market rental rates and lack of significant penalty or business disruption incurred by not exercising the renewal options. We have elected not to use the short-term lease exemption for our real estate leases. Therefore, we include month-to-month leases in operating lease right-of-use assets and operating lease liabilities in our condensed consolidated balance sheet. In certain store sales, we enter into lease assignment agreements with the buyer, but remain as the primary obligor under the original lease for the remaining active term. These assignments are therefore classified as subleases and the original lease is included in our operating lease right-of-use assets and operating lease liabilities in our condensed consolidated balance sheet. We lease vehicles for all of our Core U.S. stores under operating leases with lease terms expiring twelve months after the start date of the lease. We classify these leases as short-term and have elected the short-term lease exemption for our vehicle leases, and have therefore excluded them from our operating lease right-of-use assets within our condensed consolidated balance sheet. We also lease vehicles for all of our Mexico stores which have terms expiring at various times through 2022 with rental rates adjusted periodically for inflation. Finally, we have a minimal number of equipment leases, primarily related to temporary storage and certain back office technology hardware assets. For all of the leases described above, we have elected to use the practical expedient not to separate the lease and non-lease components and account for these as a single component. We have also elected the practical expedients that remove the requirement to reassess whether expired or existing contracts contain leases and the requirement to reassess the lease classification for any existing leases prior to the adoption date. Operating lease right-of-use assets and operating lease liabilities are discounted using our incremental borrowing rate, since the implicit rate is not readily determinable. We do not currently have any financing leases. Operating lease costs are recorded on a straight-line basis within other store expenses in our condensed consolidated statements of operations. Total operating lease costs by expense type: Three Months Ended Nine Months Ended (in thousands) September 30, 2019 September 30, 2019 Operating lease cost included in other store expenses (1) $ 36,441 $ 111,226 Operating lease cost included in other charges 2,933 10,185 Sublease receipts (2,065 ) (5,559 ) Total operating lease charges $ 37,309 $ 115,852 (1) Includes short-term lease costs, which are not significant. Supplemental cash flow information related to leases: Nine Months Ended (in thousands) September 30, 2019 Cash paid for amounts included in measurement of operating lease liabilities $ 91,235 Cash paid for short-term operating leases not included in operating lease liabilities 21,247 Right-of-use assets obtained in exchange for new operating lease liabilities 36,371 Weighted-average discount rate and weighted-average remaining lease term: (in thousands) September 30, 2019 Weighted-average discount rate (1) 7.9 % Weighted-average remaining lease term (in years) 4 (1) January 1, 2019 incremental borrowing rate was used for leases in existence at the time of adoption of ASU 2016-02. Reconciliation of undiscounted operating lease liabilities to the present value operating lease liabilities at September 30, 2019 : (In thousands) Operating Leases 2019 $ 30,741 2020 109,746 2021 78,774 2022 49,954 2023 24,887 Thereafter 11,976 Total undiscounted operating lease liabilities 306,078 Less: Interest (33,563 ) Total present value of operating lease liabilities $ 272,515 In accordance with ASC 840, future minimum rental payments for operating leases with remaining lease terms in excess of one year, at December 31, 2018 : (In thousands) Operating Leases 2019 $ 145,345 2020 116,785 2021 80,362 2022 47,417 2023 16,460 Thereafter 2,280 Total future minimum rental payments $ 408,649

Income Taxes Income Taxes (Note

Income Taxes Income Taxes (Notes)	9 Months Ended
	Sep. 30, 2019
Income Taxes [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes The effective tax rate was (4.15)% and 17.15% for the three and nine months ended September 30, 2019, compared to 16.56% and 35.63% for the respective periods in 2018. The effective tax rate for the three and nine months ended September 30, 2019 was lower than the expected statutory tax rate of 21% , primarily as a result of the reversal of previously recorded reserves for uncertain tax positions due to the lapse of the statute of limitations for certain years in certain jurisdictions.

Senior Debt (Notes)

Senior Debt (Notes)	9 Months Ended
	Sep. 30, 2019
Senior Debt [Abstract]
Senior Debt	Senior Debt, net On August 5, 2019, we entered into a new Term Loan Credit Agreement (the “Term Loan Credit Agreement”) providing for a seven-year $200 million senior secured term loan facility and an Asset Based Loan Credit Agreement (the “ABL Credit Agreement”) providing a five-year asset-based revolving credit facility (the “ABL Credit Facility”) with commitments of $300 million , the proceeds of which were used for the redemption of all of our outstanding senior notes. The amounts outstanding under the Term Loan Credit Agreement and ABL Credit Facility were $200.0 million and $60.0 million at September 30, 2019 , respectively. Proceeds from the Term Loan Credit Agreement were net of original issue discount of $2.0 million upon issuance from the lenders. In addition, in connection with the closing of the Term Loan Credit Agreement and the ABL Credit Facility, we incurred approximately $6.3 million in debt issuance costs. The original issue discount and debt issuance costs will be amortized over the remaining terms of the respective credit agreements. As of September 30, 2019 , the total unamortized balance of debt issuance costs relating to our senior debt and original issue discount reported in the Condensed Consolidated Balance Sheet were $7.0 million and $2.0 million , respectively. We also utilize the ABL Credit Facility for the issuance of letters of credit. As of September 30, 2019 , we have issued letters of credit in the aggregate amount of $92 million . Term Loan Credit Agreement The Term Loan Credit Agreement, which matures on August 5, 2026 , amortizes in equal quarterly installments at a rate of 1.00% per annum of the original principal amount thereof, with the remaining balance due at final maturity. Interest on the Term Loan Credit Agreement will accrue at the Eurodollar rate plus an applicable margin equal to 4.50% . The margin on the Term Loan Credit Agreement was 6.63% at September 30, 2019 . The Term Loan Credit Agreement permits the Company to prepay the term loans, in whole or in part, without penalty on or after the six-month anniversary of the Closing Date. It also permits the Company to incur incremental term loans in an aggregate amount equal to $150 million plus the amount of voluntary prepayments of the term loans and an unlimited amount subject to a pro forma consolidated senior secured leverage ratio of not greater than 2.00 to 1.00, subject to certain other conditions. The obligations under the Term Loan Credit Agreement are guaranteed by certain of our subsidiaries. The Term Loan Credit Agreement and the guarantees are secured on a first-priority basis by substantially all of the tangible and intangible assets of the company and the guarantors, other than collateral subject to a first-priority lien under the ABL Credit Agreement, consisting of, among other things, accounts receivable, inventory and bank accounts (and funds on deposit therein), in which the Term Loan Credit Agreement and the guarantees have a second-priority security interest, in each case, subject to certain exceptions. The Term Loan Credit Agreement contains covenants that are usual and customary for facilities and transactions of this type and that, among other things, restrict the ability of the company and its restricted subsidiaries to: • create certain liens and enter into certain sale and lease-back transactions, excluding the sale and lease-back of the company headquarters; • create, assume, incur or guarantee certain indebtedness; • consolidate or merge with, or convey, transfer or lease all or substantially all of the company’s and its restricted subsidiaries’ assets, to another person • pay dividends or make other distributions on, or repurchase or redeem, the company’s capital stock or certain other debt; and • make other restricted payments. These covenants are subject to a number of limitations and exceptions set forth in the Term Loan Credit Agreement. We are currently permitted to pay dividends and repurchase the company's common stock without limitation. The Term Loan Credit Agreement provides for customary events of default, including, but not limited to, failure to pay principal and interest, failure to comply with covenants, agreements or conditions, and certain events of bankruptcy or insolvency involving the Company and its significant subsidiaries. ABL Credit Agreement The ABL Credit Facility will mature on August 5, 2024 . The Borrowers (as defined in the ABL Credit Agreement) may borrow only up to the lesser of the level of the then-current Borrowing Base and the committed maximum borrowing capacity of $300 million . The Borrowing Base is tied to the Eligible Installment Sales Accounts, Inventory and Eligible Rental Contracts, reduced by Reserves, as defined in the ABL Credit Agreement. We provide to the Agent information necessary to calculate the Borrowing Base within 30 days of the end of each calendar month, unless liquidity is less than 15% of the maximum borrowing capacity of the ABL Credit Agreement or $45 million , in which case we must provide weekly information. Interest is payable on the ABL Credit Facility at a fluctuating rate of interest determined by reference to the Eurodollar rate plus an applicable margin of 1.50% to 2.00% . The margin on the ABL Credit Facility was 3.63% at September 30, 2019 . A commitment fee equal to 0.250% to 0.375% of the unused portion of the ABL Credit Facility fluctuates dependent upon average utilization for the prior month as defined by a pricing grid included in the ABL Credit Agreement. The commitment fee at September 30, 2019 was 0.375% . We paid $0.3 million of commitment fees during the third quarter of 2019. Letters of credit are limited to the lesser of (x) $150 million , subject to certain limitations, and (y) the aggregate unused availability then in effect. Subject to certain conditions, the ABL Credit Facility may be expanded by up to $100 million in additional commitments, subject to a pro forma fixed charge coverage ratio being greater than 1.10 to 1.00. The obligations under the ABL Credit Agreement are guaranteed by the company and certain of the company’s subsidiaries. The ABL Credit Agreement and the guarantees are secured on a first-priority basis on all our and the guarantors’ accounts receivable, inventory and bank accounts (and funds on deposit therein) and a second-priority basis on all of the tangible and intangible assets (second in priority to the liens securing the Term Loan Credit Agreement) of such persons, in each case, subject to certain exceptions. The ABL Credit Agreement contains covenants that are usual and customary for facilities and transactions of this type and are substantially the same as covenants in the Term Loan Credit Agreement. The ABL Credit Facility also requires the maintenance of a Consolidated Fixed Charge Coverage Ratio (as defined in the ABL Credit Agreement) of 1.10 to 1.00 at the end of each fiscal quarter when either (i) certain specified events of default have occurred and are continuing or (ii) availability is less than or equal to the greater of $33.75 million and 15% of the line cap then in effect. The ABL Credit Agreement provides for customary events of default that are substantially the same as events of default in the Term Loan Credit Agreement.

Senior Notes (Notes)

Senior Notes (Notes)	9 Months Ended
	Sep. 30, 2019
Subsidiary Guarantors - Senior Notes [Abstract]
Senior Notes	Senior Notes On November 2, 2010, we issued $300 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. On May 2, 2013, we issued $250 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. On August 5, 2019, Rent-A-Center irrevocably deposited the redemption price for the 6.625% and 4.75% senior notes with the trustee, and the indentures were satisfied and discharged. The 6.625% and 4.75% senior notes were redeemed on August 15, 2019, at a price equal to 100% of their principal amount plus accrued and unpaid interest to, but excluding, the redemption date. As a result, Rent-A-Center and its subsidiary guarantors were released from their respective obligations under the 6.625% and 4.75% senior notes as of August 5, 2019. As of December 31, 2018, we had $540.0 million in senior notes outstanding, net of unamortized issuance costs. In connection with redeeming the senior unsecured notes, we recorded a write-down of previously unamortized debt issuance costs of approximately $2.0 million in the third quarter of 2019.

Fair Value (Notes)

Fair Value (Notes)	9 Months Ended
	Sep. 30, 2019
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, 2019 , our financial instruments include cash and cash equivalents, receivables, payables, and outstanding borrowings against our ABL and Term Loan Credit Facilities. The carrying amount of cash and cash equivalents, receivables and payables approximates fair value at September 30, 2019 and December 31, 2018

Other Charges and (Gains) (Note

Other Charges and (Gains) (Notes)	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Other Charges and (Gains)	Other Charges and (Gains) Cost Savings Initiatives. During 2018, we began execution of multiple cost savings initiatives, including reductions in overhead and supply chain, resulting in pre-tax charges during the first nine months of 2019 consisting of $4.7 million in lease impairment charges, $2.8 million in severance and other payroll-related costs, $2.2 million in other miscellaneous shutdown and holding costs, and $0.4 million in disposal of fixed assets. Costs incurred during the first nine months of 2018 related to these initiatives included pre-tax charges of $6.8 million in contract termination fees, $7.0 million in severance and other payroll-related costs, $1.9 million in legal and advisory fees, $1.1 million in other miscellaneous shutdown costs, $0.9 million in lease obligation costs, $0.4 million related to the write-down of capitalized software, and $0.1 million in disposal of fixed assets. Store Consolidation Plan. During the first nine months of 2019, we closed 83 Core U.S. stores, resulting in pre-tax charges of $3.1 million in lease impairment charges, $1.7 million in other miscellaneous shutdown and holding costs, $0.8 million in disposal of fixed assets, and $0.4 million in severance and other payroll-related costs. During the first nine months of 2018, we closed 129 Core U.S. stores and 9 locations in Mexico, resulting in pre-tax charges of $10.5 million , consisting of $7.9 million in lease obligation costs, $1.5 million in disposal of fixed assets, $0.9 million in other miscellaneous shutdown and holding costs, and $0.2 million in severance and other payroll-related costs. Vintage Settlement. On April 22, 2019, we agreed to settle (the "Vintage Settlement") all litigation with Vintage Rodeo Parent, LLC, Vintage Rodeo Acquisition, Inc., Vintage Capital Management, LLC (collectively, "Vintage Capital") and B. Riley Financial, Inc. ("B. Riley") relating to our termination of the Agreement and Plan of Merger (the "Merger Agreement") among Vintage Rodeo Parent, LLC, Vintage Rodeo Acquisition, Inc. and Rent-A-Center, Inc. In the Vintage Settlement, we received a payment of $92.5 million in cash in May 2019, of which we retained net pre-tax proceeds of approximately $80 million following payment of all remaining costs, fees and expenses relating to the termination (the "Vintage Settlement Proceeds"). The Vintage Settlement was recorded as a pre-tax gain upon receipt. Merchants Preferred Acquisition. On August 13, 2019, we completed the previously announced acquisition of substantially all of the assets of Merchants Preferred, a nationwide virtual rent-to-own provider. In connection with this acquisition, we recorded approximately $1.1 million in acquisition-related expenses during the nine months ended September 30, 2019 including expenses related to legal, professional, and banking transaction fees. Write-down of Capitalized Software. During the first nine months of 2018, we discontinued certain IT software projects and as a result incurred pre-tax charges of $1.9 million , related to the write-down of capitalized assets. Activity with respect to other charges and (gains) for the nine months ended September 30, 2019 is summarized in the below table: (in thousands) Accrued Charges at December 31, 2018 Charges & Adjustments Payments & Adjustments Accrued Charges at September 30, 2019 Cash charges: Labor reduction costs $ 7,623 $ 3,160 $ (9,356 ) $ 1,427 Lease obligation costs (1) 4,882 — (4,882 ) — Other miscellaneous — 3,914 (3,914 ) — Total cash charges $ 12,505 7,074 $ (18,152 ) $ 1,427 Non-cash charges: Asset impairments (2) 9,091 Other (3) (57,473 ) Total other gains $ (41,308 ) (1) Upon adoption of ASU 2016-02, previously accrued lease obligation costs related to discontinued operations were eliminated and are now reflected as an adjustment to our operating lease right-of-use assets in our condensed consolidated balance sheet. (2) Includes impairments of operating lease right-of-use assets and other property assets related to the closure of RTO stores and our product service centers in the first nine months of 2019. (3) Other primarily includes the Vintage Settlement Proceeds and insurance proceeds related to the 2017 hurricanes, offset by the Blair class action settlement (refer to Note 13 for additional details), incremental legal and professional fees related to the termination of the Merger Agreement and the Merchants Preferred acquisition, and state tax audit assessments.

Segment Information (Notes)

Segment Information (Notes)	9 Months Ended
	Sep. 30, 2019
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, 2019 and 2018 is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Revenues Core U.S. $ 436,497 $ 451,320 $ 1,361,650 $ 1,389,081 Acceptance Now 184,486 173,438 557,397 549,435 Mexico 13,370 12,784 40,266 37,122 Franchising 15,018 7,400 42,677 23,077 Total revenues $ 649,371 $ 644,942 $ 2,001,990 $ 1,998,715 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Gross profit Core U.S. $ 306,881 $ 313,771 $ 945,392 $ 975,231 Acceptance Now 80,113 81,586 246,821 256,441 Mexico 9,286 8,885 27,966 25,756 Franchising 3,716 3,498 12,754 11,176 Total gross profit $ 399,996 $ 407,740 $ 1,232,933 $ 1,268,604 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Operating profit Core U.S. $ 52,175 $ 43,221 $ 170,411 $ 115,135 Acceptance Now 21,830 26,278 66,077 70,865 Mexico 1,213 922 3,906 2,306 Franchising 1,135 522 4,716 3,687 Total segments 76,353 70,943 245,110 191,993 Corporate (37,506 ) (45,311 ) (59,085 ) (149,480 ) Total operating profit $ 38,847 $ 25,632 $ 186,025 $ 42,513 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Depreciation and amortization Core U.S. $ 5,037 $ 6,216 $ 15,619 $ 19,482 Acceptance Now 379 421 1,040 1,288 Mexico 82 222 317 839 Franchising 3 45 42 133 Total segments 5,501 6,904 17,018 21,742 Corporate 9,393 10,042 28,770 30,532 Total depreciation and amortization $ 14,894 $ 16,946 $ 45,788 $ 52,274 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Capital expenditures Core U.S. $ 4,129 $ 3,586 $ 5,594 $ 12,801 Acceptance Now 24 76 125 156 Mexico 35 113 65 151 Total segments 4,188 3,775 5,784 13,108 Corporate 2,734 3,021 6,226 9,383 Total capital expenditures $ 6,922 $ 6,796 $ 12,010 $ 22,491 (in thousands) September 30, 2019 December 31, 2018 On rent rental merchandise, net Core U.S. $ 377,101 $ 424,829 Acceptance Now 241,591 242,978 Mexico 15,048 16,001 Total on rent rental merchandise, net $ 633,740 $ 683,808 (in thousands) September 30, 2019 December 31, 2018 Held for rent rental merchandise, net Core U.S. $ 104,341 $ 117,294 Acceptance Now 1,151 1,207 Mexico 4,439 5,161 Total held for rent rental merchandise, net $ 109,931 $ 123,662 (in thousands) September 30, 2019 December 31, 2018 Assets by segment Core U.S. $ 887,795 $ 714,914 Acceptance Now (1) 330,727 312,151 Mexico 30,616 29,321 Franchising 8,412 4,287 Total segments 1,257,550 1,060,673 Corporate 240,382 336,244 Total assets $ 1,497,932 $ 1,396,917 (1) Includes $14.9 million of goodwill recorded in the third quarter of 2019 related to the acquisition of Merchants Preferred.

Stock-Based Compensation (Notes

Stock-Based Compensation (Notes)	9 Months Ended
	Sep. 30, 2019
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation We recognized $2.0 million and $1.5 million in pre-tax compensation expense related to stock options and restricted stock units during the three months ended September 30, 2019 and 2018 , respectively, and $4.6 million and $4.5 million during the nine months ended September 30, 2019 and 2018 , respectively. During the nine months ended September 30, 2019 , we granted approximately 277,000 stock options, 278,000 market-based performance restricted stock units and 199,000 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 48.28% to 55.17% , a risk-free interest rate of 1.75% to 2.34% , an expected dividend yield of 0% to 3.76% , and an expected term of 3.50 to 5.75 years . The weighted-average exercise price of the options granted during the nine months ended September 30, 2019 was $21.34 and the weighted-average grant-date fair value was $9.27 . 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 market-based performance and time-vesting restricted stock units granted during the nine months ended September 30, 2019 was $33.70 and $21.05 , respectively.

Contingencies (Notes)

Contingencies (Notes)	9 Months Ended
	Sep. 30, 2019
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. The property subject to review in the audit process include 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. Blair v. Rent-A-Center, Inc. This matter is a state-wide class action complaint originally filed on March 13, 2017 in the Federal District Court for the Northern District of California. The complaint alleges various claims, including that our cash sales and total rent to own prices exceed the pricing permitted under the Karnette Rental-Purchase Act. Following a court-ordered mediation on March 28, 2019, we reached an agreement in principle to settle this matter for a total of $13 million , including attorneys’ fees. The settlement was approved by the court in October 2019. We have denied any liability in the settlement and agreed to the settlement in order to avoid additional expensive, time-consuming litigation. We recorded the pre-tax charge for this settlement in the first quarter of 2019, and the settlement amount will be paid in November 2019. Velma Russell v. Acceptance Now. This purported class action arising out of calls made by Acceptance Now to customers’ reference(s) was filed on January 29, 2019 in Massachusetts state court. Specifically, plaintiffs seek to certify a class representing any references of customers (within the state of Massachusetts) during the 4 years prior to the filing date that were contacted by Acceptance Now more frequently during a 12 month period than is permitted by Massachusetts state law. The plaintiffs are seeking injunctive relief and statutory damages of $25 per reference which may be tripled to $75 per reference. References are not parties to our consumer arbitration agreement. We operate 12 Acceptance Now locations in Massachusetts. Discovery has commenced and a mediation took place in September 2019. We intend to continue to vigorously defend these claims, however, we cannot assure you that we will be found to have no liability in this matter. Federal Trade Commission civil investigative demand. In April 2019, along with other rent-to-own companies, we received a civil investigative demand from the Federal Trade Commission ("FTC") seeking information regarding certain transactions involving the purchase and sale of customer lease agreements, and whether such transactions violated the FTC Act. Although we believe such transactions were in compliance with the FTC Act, this inquiry could lead to an enforcement action and/or a consent order, and substantial costs. The Company has provided substantial information in response to this inquiry and continues to work with the FTC to resolve this matter.

Earnings Per Common Share (Note

Earnings Per Common Share (Notes)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings 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) 2019 2018 2019 2018 Numerator: Net earnings $ 31,277 $ 12,918 $ 133,055 $ 6,828 Denominator: Weighted-average shares outstanding 54,487 53,508 54,190 53,455 Effect of dilutive stock awards (1) 1,571 1,404 1,563 946 Weighted-average dilutive shares 56,058 54,912 55,753 54,401 Basic earnings per common share $ 0.57 $ 0.24 $ 2.46 $ 0.13 Diluted earnings per common share $ 0.56 $ 0.24 $ 2.39 $ 0.13 Anti-dilutive securities excluded from diluted loss per common share: Anti-dilutive performance share units 260 211 260 211 Anti-dilutive stock options 974 1,417 1,047 1,672

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2019
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 [Policy Text Block]	Newly Adopted Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) , which replaces existing accounting literature relating to the classification of, and accounting for, leases. Under ASU 2016-02, a company must recognize for all leases (with the exception of leases with terms of 12 months or less) a liability representing a lessee's obligation to make lease payments arising from a lease, and a right-of-use asset representing the lessee's right to use, or control the use of, a specified asset for the lease term. Lessor accounting is largely unchanged, with certain improvements to align lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. Adoption of ASU 2016-02 requires the use of a modified retrospective transition method to measure leases at the beginning of the earliest period presented in the consolidated financial statements. In July 2018, the FASB issued ASU 2018-11, allowing companies to apply a transition method for adoption of the new standard as of the adoption date, with recognition of any cumulative-effects as adjustments to the opening balance of retained earnings in the period of adoption. We adopted these ASUs beginning January 1, 2019 and elected the transition method under ASU 2018-11. Our rent-to-own agreements, which comprise the majority of our annual revenue, fall within the scope of ASU 2016-02 under lessor accounting; however, the new standard does not significantly affect the timing of recognition or presentation of revenue for our rental contracts. As a lessee, the new standard affected a substantial portion of our lease contracts. As of September 30, 2019 , we have $268.1 million operating lease right-of-use assets and $272.5 million operating lease liabilities in our condensed consolidated balance sheet. Upon adoption, we identified impairment losses related to closure of our product service centers and Core U.S. stores resulting in a cumulative-effect decrease of $2.0 million , net of tax, to our January 1, 2019 retained earnings balance. There were no significant effects to our condensed consolidated statements of operations or condensed consolidated statements of cash flows. We elected a package of optional practical expedients in our adoption of the new standard, including the option to retain the current classification for leases entered into prior to the date of adoption; the option not to reassess initial direct costs for capitalization for leases entered into prior to the date of adoption; and the option not to separate lease and non-lease components for our rent-to-own agreements as a lessor, and our real estate, and certain categories of equipment leases, as a lessee. In conjunction with the adoption of the new lease accounting standard, we implemented a new back-office lease administration and accounting system to support the new accounting and disclosure requirements as a lessee. In addition, we implemented changes to our previous accounting policies, processes, and internal controls to ensure compliance with the new standard. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which allows a company to reclassify to retained earnings the disproportionate income tax effects of the Tax Act on items with accumulated other comprehensive income that the FASB refers to as having been stranded in accumulated other comprehensive income. The adoption of ASU 2018-02 was required for us beginning January 1, 2019. We elected not to exercise the option to reclassify stranded tax effects within accumulated other comprehensive income in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act (or portion thereof) is recorded.

Acquisitions Acquisitions (Tabl

Acquisitions Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2019
Acquisitions [Abstract]
Acquisition assets acquired and liabilities assumed [Table Text Block]	Assets acquired and liabilities assumed in connection with the acquisition have been recorded at their fair values. The following table provides the preliminary estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date: (in thousands) August 13, 2019 Receivables $ 1,813 Prepaid expenses and other assets 138 Rental merchandise 17,903 Software 4,300 Right of use operating leases 404 Other intangible assets 7,600 Goodwill 14,934 Lease liabilities (487 ) Net identifiable assets acquired $ 46,605

Revenues Revenues (Tables)

Revenues Revenues (Tables)	9 Months Ended
	Sep. 30, 2019
Revenues [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table disaggregates our revenue for the periods ended September 30, 2019 and 2018 : Three Months Ended September 30, 2019 Core U.S. Acceptance Now Mexico Franchising Consolidated (In thousands) Store Rentals and fees $ 389,421 $ 148,711 $ 12,663 $ — $ 550,795 Merchandise sales 29,185 35,667 700 — 65,552 Installment sales 16,952 — — — 16,952 Other 939 108 7 — 1,054 Total store revenues 436,497 184,486 13,370 — 634,353 Franchise Merchandise sales — — — 11,178 11,178 Royalty income and fees — — — 3,840 3,840 Total revenues $ 436,497 $ 184,486 $ 13,370 $ 15,018 $ 649,371 Nine Months Ended September 30, 2019 Core U.S. Acceptance Now Mexico Franchising Consolidated (In thousands) Store Rentals and fees $ 1,196,800 $ 431,008 $ 38,021 $ — $ 1,665,829 Merchandise sales 112,678 125,963 2,223 — 240,864 Installment sales 49,658 — — — 49,658 Other 2,514 426 22 — 2,962 Total store revenues 1,361,650 557,397 40,266 — 1,959,313 Franchise Merchandise sales — — — 30,307 30,307 Royalty income and fees — — — 12,370 12,370 Total revenues $ 1,361,650 $ 557,397 $ 40,266 $ 42,677 $ 2,001,990 Three Months Ended September 30, 2018 Core U.S. Acceptance Now Mexico Franchising Consolidated (In thousands) Store Rentals and fees $ 403,483 $ 137,061 $ 12,036 $ — $ 552,580 Merchandise sales 30,135 36,264 742 — 67,141 Installment sales 15,681 — — — 15,681 Other 2,021 113 6 — 2,140 Total store revenues 451,320 173,438 12,784 — 637,542 Franchise Merchandise sales — — — 4,135 4,135 Royalty income and fees — — — 3,265 3,265 Total revenues $ 451,320 $ 173,438 $ 12,784 $ 7,400 $ 644,942 Nine Months Ended September 30, 2018 Core U.S. Acceptance Now Mexico Franchising Consolidated (In thousands) Store Rentals and fees $ 1,226,233 $ 418,684 $ 34,780 $ — $ 1,679,697 Merchandise sales 106,828 130,347 2,312 — 239,487 Installment sales 49,459 — — — 49,459 Other 6,561 404 30 — 6,995 Total store revenues 1,389,081 549,435 37,122 — 1,975,638 Franchise Merchandise sales — — — 12,649 12,649 Royalty income and fees — — — 10,428 10,428 Total revenues $ 1,389,081 $ 549,435 $ 37,122 $ 23,077 $ 1,998,715

Receivables and Allowance for_2

Receivables and Allowance for Doubtful Accounts Receivables and Allowance for Doubtful Accounts (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables and Allowance for Doubtful Accounts [Abstract]
Receivables [Table Text Block]	Receivables consist of the following: (In thousands) September 30, 2019 December 31, 2018 Installment sales receivables $ 52,163 $ 54,746 Trade and notes receivables 24,580 19,782 Total receivables 76,743 74,528 Less allowance for doubtful accounts (5,981 ) (4,883 ) Total receivables, net of allowance for doubtful accounts $ 70,762 $ 69,645
Changes in allowance for doubtful accounts [Table Text Block]	Changes in our allowance for doubtful accounts are as follows: (In thousands) September 30, 2019 Beginning allowance for doubtful accounts $ 4,883 Bad debt expense (1) 10,198 Estimated returns and uncollectible rental payments (2) 1,393 Accounts written off (10,913 ) Recoveries 420 Ending allowance for doubtful accounts $ 5,981 (1) Bad debt expense is primarily related to uncollectible installment payments, franchisee obligations, and other corporate receivables, and is recognized in other store operating expenses in our condensed consolidated financial statements. (2) Estimated returns and uncollectible rental payments is recognized as a reduction to rental revenue in our condensed consolidated financial statements.

Leases Leases (Tables)

Leases Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Operating lease costs [Table Text Block]	Total operating lease costs by expense type: Three Months Ended Nine Months Ended (in thousands) September 30, 2019 September 30, 2019 Operating lease cost included in other store expenses (1) $ 36,441 $ 111,226 Operating lease cost included in other charges 2,933 10,185 Sublease receipts (2,065 ) (5,559 ) Total operating lease charges $ 37,309 $ 115,852 (1) Includes short-term lease costs, which are not significant. Supplemental cash flow information related to leases: Nine Months Ended (in thousands) September 30, 2019 Cash paid for amounts included in measurement of operating lease liabilities $ 91,235 Cash paid for short-term operating leases not included in operating lease liabilities 21,247 Right-of-use assets obtained in exchange for new operating lease liabilities 36,371 Weighted-average discount rate and weighted-average remaining lease term: (in thousands) September 30, 2019 Weighted-average discount rate (1) 7.9 % Weighted-average remaining lease term (in years) 4 (1) January 1, 2019 incremental borrowing rate was used for leases in existence at the time of adoption of ASU 2016-02.
Operating lease liability maturity [Table Text Block]	Reconciliation of undiscounted operating lease liabilities to the present value operating lease liabilities at September 30, 2019 : (In thousands) Operating Leases 2019 $ 30,741 2020 109,746 2021 78,774 2022 49,954 2023 24,887 Thereafter 11,976 Total undiscounted operating lease liabilities 306,078 Less: Interest (33,563 ) Total present value of operating lease liabilities $ 272,515
ASC 840 Operating leases future minimum rental payments [Table Text Block]	In accordance with ASC 840, future minimum rental payments for operating leases with remaining lease terms in excess of one year, at December 31, 2018 : (In thousands) Operating Leases 2019 $ 145,345 2020 116,785 2021 80,362 2022 47,417 2023 16,460 Thereafter 2,280 Total future minimum rental payments $ 408,649

Other Charges and (Gains) (Tabl

Other Charges and (Gains) (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Other (Gains) and Charges [Table Text Block]	Activity with respect to other charges and (gains) for the nine months ended September 30, 2019 is summarized in the below table: (in thousands) Accrued Charges at December 31, 2018 Charges & Adjustments Payments & Adjustments Accrued Charges at September 30, 2019 Cash charges: Labor reduction costs $ 7,623 $ 3,160 $ (9,356 ) $ 1,427 Lease obligation costs (1) 4,882 — (4,882 ) — Other miscellaneous — 3,914 (3,914 ) — Total cash charges $ 12,505 7,074 $ (18,152 ) $ 1,427 Non-cash charges: Asset impairments (2) 9,091 Other (3) (57,473 ) Total other gains $ (41,308 ) (1) Upon adoption of ASU 2016-02, previously accrued lease obligation costs related to discontinued operations were eliminated and are now reflected as an adjustment to our operating lease right-of-use assets in our condensed consolidated balance sheet. (2) Includes impairments of operating lease right-of-use assets and other property assets related to the closure of RTO stores and our product service centers in the first nine months of 2019. (3) Other primarily includes the Vintage Settlement Proceeds and insurance proceeds related to the 2017 hurricanes, offset by the Blair class action settlement (refer to Note 13 for additional details), incremental legal and professional fees related to the termination of the Merger Agreement and the Merchants Preferred acquisition, and state tax audit assessments.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Information [Abstract]
Segment Information	Segment information for the three and nine months ended September 30, 2019 and 2018 is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Revenues Core U.S. $ 436,497 $ 451,320 $ 1,361,650 $ 1,389,081 Acceptance Now 184,486 173,438 557,397 549,435 Mexico 13,370 12,784 40,266 37,122 Franchising 15,018 7,400 42,677 23,077 Total revenues $ 649,371 $ 644,942 $ 2,001,990 $ 1,998,715 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Gross profit Core U.S. $ 306,881 $ 313,771 $ 945,392 $ 975,231 Acceptance Now 80,113 81,586 246,821 256,441 Mexico 9,286 8,885 27,966 25,756 Franchising 3,716 3,498 12,754 11,176 Total gross profit $ 399,996 $ 407,740 $ 1,232,933 $ 1,268,604 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Operating profit Core U.S. $ 52,175 $ 43,221 $ 170,411 $ 115,135 Acceptance Now 21,830 26,278 66,077 70,865 Mexico 1,213 922 3,906 2,306 Franchising 1,135 522 4,716 3,687 Total segments 76,353 70,943 245,110 191,993 Corporate (37,506 ) (45,311 ) (59,085 ) (149,480 ) Total operating profit $ 38,847 $ 25,632 $ 186,025 $ 42,513 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Depreciation and amortization Core U.S. $ 5,037 $ 6,216 $ 15,619 $ 19,482 Acceptance Now 379 421 1,040 1,288 Mexico 82 222 317 839 Franchising 3 45 42 133 Total segments 5,501 6,904 17,018 21,742 Corporate 9,393 10,042 28,770 30,532 Total depreciation and amortization $ 14,894 $ 16,946 $ 45,788 $ 52,274 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Capital expenditures Core U.S. $ 4,129 $ 3,586 $ 5,594 $ 12,801 Acceptance Now 24 76 125 156 Mexico 35 113 65 151 Total segments 4,188 3,775 5,784 13,108 Corporate 2,734 3,021 6,226 9,383 Total capital expenditures $ 6,922 $ 6,796 $ 12,010 $ 22,491 (in thousands) September 30, 2019 December 31, 2018 On rent rental merchandise, net Core U.S. $ 377,101 $ 424,829 Acceptance Now 241,591 242,978 Mexico 15,048 16,001 Total on rent rental merchandise, net $ 633,740 $ 683,808 (in thousands) September 30, 2019 December 31, 2018 Held for rent rental merchandise, net Core U.S. $ 104,341 $ 117,294 Acceptance Now 1,151 1,207 Mexico 4,439 5,161 Total held for rent rental merchandise, net $ 109,931 $ 123,662 (in thousands) September 30, 2019 December 31, 2018 Assets by segment Core U.S. $ 887,795 $ 714,914 Acceptance Now (1) 330,727 312,151 Mexico 30,616 29,321 Franchising 8,412 4,287 Total segments 1,257,550 1,060,673 Corporate 240,382 336,244 Total assets $ 1,497,932 $ 1,396,917 (1) Includes $14.9 million of goodwill recorded in the third quarter of 2019 related to the acquisition of Merchants Preferred.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings 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) 2019 2018 2019 2018 Numerator: Net earnings $ 31,277 $ 12,918 $ 133,055 $ 6,828 Denominator: Weighted-average shares outstanding 54,487 53,508 54,190 53,455 Effect of dilutive stock awards (1) 1,571 1,404 1,563 946 Weighted-average dilutive shares 56,058 54,912 55,753 54,401 Basic earnings per common share $ 0.57 $ 0.24 $ 2.46 $ 0.13 Diluted earnings per common share $ 0.56 $ 0.24 $ 2.39 $ 0.13 Anti-dilutive securities excluded from diluted loss per common share: Anti-dilutive performance share units 260 211 260 211 Anti-dilutive stock options 974 1,417 1,047 1,672

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ASU adoption adjustment		$ 2,000
Operating lease right-of-use assets	$ 268,101	0
Operating lease liabilities	$ 272,515	$ 0

Acquisitions Acquisitions (Deta

Acquisitions Acquisitions (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2019	Aug. 13, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Acquisition date	Aug. 13, 2019
Acquired entity	Merchants Preferred
Description of acquired entity	a nationwide provider of virtual rent-to-own services
Aggregate purchase price	$ 46,600
Cash consideration	$ 28,000
Common stock consideration	701,918 shares of our common stock
Common stock price		$ 27.31
Working capital adjustment	$ 500
Goodwill	$ 71,749		$ 56,845
Description of goodwill recognized	consists of the excess of the net purchase price over the fair value of the net assets acquired
Legal, professional, and banking transaction fees		$ 1,100
Merchants Preferred [Member]
Business Acquisition [Line Items]
Receivables		1,813
Prepaid expenses and other assets		138
Rental merchandise		17,903
Software		4,300
Right of use operating leases		404
Other intangible assets		7,600
Goodwill		14,934
Lease liabilities		(487)
Net identifiable assets acquired		$ 46,605
Intangible assets remaining lives	10 years

Revenues Revenues (Details)

Revenues Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Rentals and fees	$ 550,795	$ 552,580	$ 1,665,829	$ 1,679,697
Merchandise sales	65,552	67,141	240,864	239,487
Installment sales	16,952	15,681	49,658	49,459
Other	1,054	2,140	2,962	6,995
Total store revenues	634,353	637,542	1,959,313	1,975,638
Merchandise sales	11,178	4,135	30,307	12,649
Royalty income and fees	3,840	3,265	12,370	10,428
Total revenues	649,371	644,942	2,001,990	1,998,715
Rental purchase agreements [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	39,100		39,100		$ 42,100
Other product plans [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	2,800		2,800		3,000
Franchise fees [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	4,400		4,400		$ 4,100
Core Us [Member]
Disaggregation of Revenue [Line Items]
Rentals and fees	389,421	403,483	1,196,800	1,226,233
Merchandise sales	29,185	30,135	112,678	106,828
Installment sales	16,952	15,681	49,658	49,459
Other	939	2,021	2,514	6,561
Total store revenues	436,497	451,320	1,361,650	1,389,081
Merchandise sales	0	0	0	0
Royalty income and fees	0	0	0	0
Total revenues	436,497	451,320	1,361,650	1,389,081
Acceptance Now [Member]
Disaggregation of Revenue [Line Items]
Rentals and fees	148,711	137,061	431,008	418,684
Merchandise sales	35,667	36,264	125,963	130,347
Installment sales	0	0	0	0
Other	108	113	426	404
Total store revenues	184,486	173,438	557,397	549,435
Merchandise sales	0	0	0	0
Royalty income and fees	0	0	0	0
Total revenues	184,486	173,438	557,397	549,435
Mexico [Member]
Disaggregation of Revenue [Line Items]
Rentals and fees	12,663	12,036	38,021	34,780
Merchandise sales	700	742	2,223	2,312
Installment sales	0	0	0	0
Other	7	6	22	30
Total store revenues	13,370	12,784	40,266	37,122
Merchandise sales	0	0	0	0
Royalty income and fees	0	0	0	0
Total revenues	13,370	12,784	40,266	37,122
Franchising [Member]
Disaggregation of Revenue [Line Items]
Rentals and fees	0	0	0	0
Merchandise sales	0	0	0	0
Installment sales	0	0	0	0
Other	0	0	0	0
Total store revenues	0	0	0	0
Merchandise sales	11,178	4,135	30,307	12,649
Royalty income and fees	3,840	3,265	12,370	10,428
Total revenues	$ 15,018	$ 7,400	$ 42,677	$ 23,077

Receivables and Allowance for_3

Receivables and Allowance for Doubtful Accounts Receivables and Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Receivables [Line Items]
Accounts Receivable, before Allowance for Credit Loss	$ 76,743	$ 74,528
Receivables, net of allowance for doubtful accounts of $5,981 and $4,883 in 2019 and 2018, respectively	70,762	69,645
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for doubtful accounts	5,981	4,883
Bad debt expense	10,198
Estimated returns and uncollectible rental payments	1,393
Accounts written off	(10,913)
Recoveries	420
Installment sales receivable [Member]
Receivables [Line Items]
Accounts Receivable, before Allowance for Credit Loss	52,163	54,746
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for doubtful accounts	3,200	3,600
Trade and notes receivables [Member]
Receivables [Line Items]
Accounts Receivable, before Allowance for Credit Loss	24,580	19,782
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for doubtful accounts	$ 2,800	$ 1,300

Leases Leases (Details)

Leases Leases (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Operating lease charges	$ 37,309	$ 115,852
Sublease receipts	$ (2,065)	(5,559)
Cash paid for amounts included in measurement of operating lease liabilities		91,235
Cash paid for short-term operating leases not included in operating lease liabilities		21,247
Right-of-use assets obtained in exchange for new operating lease liabilities		$ 36,371
Weighted-average discount rate	7.90%	7.90%
Weighted-average remaining lease term		4 years
2019	$ 30,741	$ 30,741
2020	109,746	109,746
2021	78,774	78,774
2022	49,954	49,954
2023	24,887	24,887
Thereafter	11,976	11,976
Total undiscounted operating lease liabilities	306,078	306,078
Less: Interest	(33,563)	(33,563)
Operating lease liabilities	272,515	272,515	$ 0
2019			145,345
2020			116,785
2021			80,362
2022			47,417
2023			16,460
Thereafter			2,280
Total future minimum rental payments			$ 408,649
Other store expenses [Member]
Lessee, Lease, Description [Line Items]
Operating lease charges	36,441	111,226
Other charges [Member]
Lessee, Lease, Description [Line Items]
Operating lease charges	$ 2,933	$ 10,185

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Taxes [Abstract]
Effective tax rate	(4.15%)	16.56%	17.15%	35.63%
Statutory tax rate			21.00%

Senior Debt (Details)

Senior Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Aug. 05, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Senior debt, net	$ 251,001		$ 0
Original issue discount		$ 2,000
Debt issuance costs		$ 6,300
Unamortized Debt Issuance Expense	2,000
Unamortized discount	7,000
Letters of credit, amount outstanding	92,000
Senior secured term loan [Member]
Debt Instrument [Line Items]
Senior debt, net	$ 200,000
Maturity date	Aug. 5, 2026
Debt Instrument, Frequency of Periodic Payment	quarterly
Debt Instrument, Periodic Payment, Percent	1.00%
Incremental term loans available	$ 150,000
Required consolidated senior secured leverage ratio, minimum	2
Senior secured term loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Senior debt, net	$ 200,000
Senior secured term loan [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	4.50%
Actual margin on variable rate	6.63%
Revolving credit facility [Member]
Debt Instrument [Line Items]
Senior debt, net	$ 60,000
Maturity date	Aug. 5, 2024
Required consolidated fixed charge coverage ratio, minimum	1.10
Line of credit commitment fee percentage	0.375%
Line of credit commitment fee	$ 300
Line of credit additional borrowing capacity	$ 100,000
Required proforma fixed charge coverage ratio, minimum	1.10
Revolving credit facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit commitment fee percentage	0.25%
Revolving credit facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Senior debt, net	$ 300,000
Letters of credit, amount outstanding	$ 150,000
Line of credit commitment fee percentage	0.375%
Revolving credit facility [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Actual margin on variable rate	3.63%
Revolving credit facility [Member] | Eurodollar [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	1.50%
Revolving credit facility [Member] | Eurodollar [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis margin on variable rate	2.00%

Senior Notes (Details)

Senior Notes (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	May 02, 2013	Nov. 02, 2010
Senior Notes [Line Items]
Senior note redemption price, percent	100.00%
Senior notes, net	$ 0		$ 540,042
Write-off of debt financing fees	2,168	$ 0
Senior Notes Due 2020 [Member]
Senior Notes [Line Items]
Initial borrowing in senior notes					$ 300,000
Senior Notes Due 2021 [Member]
Senior Notes [Line Items]
Initial borrowing in senior notes				$ 250,000
Write-off of debt financing fees	$ 2,000

Other Charges and (Gains) (Deta

Other Charges and (Gains) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)store	Sep. 30, 2018USD ($)store	Dec. 31, 2018USD ($)
Restructuring Reserve [Roll Forward]
Accrued Charges	$ 1,427		$ 1,427		$ 12,505
Charges & Adjustments			7,074
Payments & Adjustments			(18,152)
Asset impairments			9,091
Other			(57,473)
Vintage Settlement Proceeds			92,500
Vintage net pre-tax proceeds			80,000
Other charges and (gains)	2,859	$ 6,721	(41,308)	$ 40,665
Labor reduction costs [Member]
Restructuring Reserve [Roll Forward]
Accrued Charges	1,427		1,427		7,623
Charges & Adjustments			3,160
Payments & Adjustments			(9,356)
Lease obligation costs [Member]
Restructuring Reserve [Roll Forward]
Accrued Charges	0		0		4,882
Charges & Adjustments			0
Payments & Adjustments			(4,882)
Other miscellaneous [Member]
Restructuring Reserve [Roll Forward]
Accrued Charges	$ 0		0		$ 0
Charges & Adjustments			3,914
Payments & Adjustments			(3,914)
Capitalized software write-down [Member]
Restructuring Reserve [Roll Forward]
Asset impairments				1,900
Acceptance Now [Member]
Restructuring Reserve [Roll Forward]
Other			1,100
Cost Savings Initiative [Member]
Restructuring Reserve [Roll Forward]
Asset impairments				400
Other				(1,900)
Cost Savings Initiative [Member] | Labor reduction costs [Member]
Restructuring Reserve [Roll Forward]
Charges & Adjustments			2,800	7,000
Cost Savings Initiative [Member] | Lease obligation costs [Member]
Restructuring Reserve [Roll Forward]
Charges & Adjustments			4,700	900
Cost Savings Initiative [Member] | Other miscellaneous [Member]
Restructuring Reserve [Roll Forward]
Charges & Adjustments			2,200	1,100
Cost Savings Initiative [Member] | Contract Termination [Member]
Restructuring Reserve [Roll Forward]
Charges & Adjustments				6,800
Cost Savings Initiative [Member] | Disposal of fixed assets [Member]
Restructuring Reserve [Roll Forward]
Asset impairments			400
Asset Impairment Charges				100
Store Consolidation Plan [Member]
Restructuring Reserve [Roll Forward]
Charges & Adjustments				10,500
Store Consolidation Plan [Member] | Labor reduction costs [Member]
Restructuring Reserve [Roll Forward]
Charges & Adjustments			400	200
Store Consolidation Plan [Member] | Lease obligation costs [Member]
Restructuring Reserve [Roll Forward]
Charges & Adjustments			3,100	7,900
Store Consolidation Plan [Member] | Other miscellaneous [Member]
Restructuring Reserve [Roll Forward]
Charges & Adjustments			1,700	900
Store Consolidation Plan [Member] | Disposal of fixed assets [Member]
Restructuring Reserve [Roll Forward]
Asset Impairment Charges			$ 800	$ 1,500
Store Consolidation Plan [Member] | Core Us [Member]
Restructuring Reserve [Roll Forward]
Stores closed | store			83	129
Store Consolidation Plan [Member] | Mexico [Member]
Restructuring Reserve [Roll Forward]
Stores closed | store				9

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Aug. 13, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total revenues	$ 649,371	$ 644,942	$ 2,001,990	$ 1,998,715
Gross profit	399,996	407,740	1,232,933	1,268,604
Operating profit	38,847	25,632	186,025	42,513
Depreciation and amortization	14,894	16,946	45,788	52,274
Capital expenditures	6,922	6,796	12,010	22,491
Rental merchandise on rent, net	633,740		633,740			$ 683,808
Rental merchandise held for rent, net	109,931		109,931			123,662
Assets	1,497,932		1,497,932			1,396,917
Goodwill	71,749		71,749			56,845
Core U.S. [Member]
Segment Reporting Information [Line Items]
Total revenues	436,497	451,320	1,361,650	1,389,081
Gross profit	306,881	313,771	945,392	975,231
Operating profit	52,175	43,221	170,411	115,135
Depreciation and amortization	5,037	6,216	15,619	19,482
Capital expenditures	4,129	3,586	5,594	12,801
Rental merchandise on rent, net	377,101		377,101			424,829
Rental merchandise held for rent, net	104,341		104,341			117,294
Assets	887,795		887,795			714,914
Acceptance Now [Member]
Segment Reporting Information [Line Items]
Total revenues	184,486	173,438	557,397	549,435
Gross profit	80,113	81,586	246,821	256,441
Operating profit	21,830	26,278	66,077	70,865
Depreciation and amortization	379	421	1,040	1,288
Capital expenditures	24	76	125	156
Rental merchandise on rent, net	241,591		241,591			242,978
Rental merchandise held for rent, net	1,151		1,151			1,207
Assets	330,727		330,727			312,151
Mexico [Member]
Segment Reporting Information [Line Items]
Total revenues	13,370	12,784	40,266	37,122
Gross profit	9,286	8,885	27,966	25,756
Operating profit	1,213	922	3,906	2,306
Depreciation and amortization	82	222	317	839
Capital expenditures	35	113	65	151
Rental merchandise on rent, net	15,048		15,048			16,001
Rental merchandise held for rent, net	4,439		4,439			5,161
Assets	30,616		30,616			29,321
Franchising [Member]
Segment Reporting Information [Line Items]
Total revenues	15,018	7,400	42,677	23,077
Gross profit	3,716	3,498	12,754	11,176
Operating profit	1,135	522	4,716	3,687
Depreciation and amortization	3	45	42	133
Assets	8,412		8,412			4,287
Total Segments [Member]
Segment Reporting Information [Line Items]
Operating profit	76,353	70,943	245,110	191,993
Depreciation and amortization	5,501	6,904	17,018	21,742
Capital expenditures	4,188	3,775	5,784	13,108
Assets	1,257,550		1,257,550			1,060,673
Corporate [Member]
Segment Reporting Information [Line Items]
Operating profit	(37,506)	(45,311)	(59,085)	(149,480)
Depreciation and amortization	9,393	10,042	28,770	30,532
Capital expenditures	2,734	$ 3,021	6,226	$ 9,383
Assets	$ 240,382		$ 240,382			$ 336,244
Merchants Preferred [Member]
Segment Reporting Information [Line Items]
Goodwill					$ 14,934

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 2,000	$ 1,500	$ 4,644	$ 4,493
Stock options granted			277,000
Performance-based restricted stock units granted			278,000
Time-vesting restricted stock units granted			199,000
Expected volatility rate, minimum			48.28%
Expected volatility rate, maximum			55.17%
Risk free interest rate, minimum			1.75%
Risk free interest rate, maximum			2.34%
Weighted average exercise price of options granted			$ 21.34
Weighted average grant date fair value of options granted			$ 9.27
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield			3.76%
Expected term			5 years 9 months
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield			0.00%
Expected term			3 years 6 months
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of restricted stock units granted			$ 33.70
Performance-based restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of restricted stock units granted			$ 21.05

Contingencies Contingencies (De

Contingencies Contingencies (Details)	9 Months Ended
	Sep. 30, 2019USD ($)store
Loss Contingencies [Line Items]
Blair Settlement	$ 13,000,000
Acceptance Now [Member] | MASSACHUSETTS
Loss Contingencies [Line Items]
Anow stores in MA | store	12
Minimum [Member]
Loss Contingencies [Line Items]
Velma Russell injunctive relief and statutory damages sought	$ 25
Maximum [Member]
Loss Contingencies [Line Items]
Velma Russell injunctive relief and statutory damages sought	$ 75

Earnings Per Common Share Earni

Earnings Per Common Share Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Common Share
Net earnings	$ 31,277	$ 12,918	$ 133,055	$ 6,828
Weighted-average shares outstanding	54,487	53,508	54,190	53,455
Effect of dilutive stock awards	1,571	1,404	1,563	946
Weighted-average dilutive shares	56,058	54,912	55,753	54,401
Basic earnings per common share	$ 0.57	$ 0.24	$ 2.46	$ 0.13
Diluted earnings per common share	$ 0.56	$ 0.24	$ 2.39	$ 0.13
Retained Earnings [Member]
Earnings Per Common Share
Net earnings	$ 31,277	$ 12,918	$ 133,055	$ 6,828
Performance-based restricted stock units [Member]
Earnings Per Common Share
Anti-dilutive	260	211	260	211
Option [Member]
Earnings Per Common Share
Anti-dilutive	974	1,417	1,047	1,672