$UPBD
UPBOUND GROUP, INC.

2014 Q1 Form 10-Q Financial Statement

#000093303614000016 Filed on April 25, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $828.5M $819.3M
YoY Change 1.12% -1.91%
Cost Of Revenue $265.9M $268.6M
YoY Change -1.0% -2.27%
Gross Profit $562.6M $550.7M
YoY Change 2.16% -1.74%
Gross Profit Margin 67.9% 67.21%
Selling, General & Admin $483.2M $471.0M
YoY Change 2.59% 0.86%
% of Gross Profit 85.89% 85.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.14M $18.47M
YoY Change 3.61% 2.66%
% of Gross Profit 3.4% 3.35%
Operating Expenses $503.1M $471.9M
YoY Change 6.61% 0.75%
Operating Profit $59.46M $78.78M
YoY Change -24.53% -14.4%
Interest Expense $11.40M $8.001M
YoY Change 42.49% -10.87%
% of Operating Profit 19.17% 10.16%
Other Income/Expense, Net -$4.200M $0.00
YoY Change
Pretax Income $44.08M $71.08M
YoY Change -37.98% -14.61%
Income Tax $16.81M $24.94M
% Of Pretax Income 38.14% 35.09%
Net Earnings $27.27M $46.13M
YoY Change -40.9% -11.18%
Net Earnings / Revenue 3.29% 5.63%
Basic Earnings Per Share $0.52 $0.80
Diluted Earnings Per Share $0.51 $0.79
COMMON SHARES
Basic Shares Outstanding 52.80M shares 57.95M shares
Diluted Shares Outstanding 53.02M shares 58.34M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $81.00M $82.30M
YoY Change -1.58% -23.08%
Cash & Equivalents $81.01M $82.25M
Short-Term Investments
Other Short-Term Assets $80.70M $64.50M
YoY Change 25.12% -7.73%
Inventory $1.096B $1.049B
Prepaid Expenses
Receivables $57.90M $46.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.315B $1.242B
YoY Change 5.92% 459.83%
LONG-TERM ASSETS
Property, Plant & Equipment $339.8M $309.8M
YoY Change 9.7% 4.33%
Goodwill $1.364B $1.346B
YoY Change 1.36% 0.49%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.716B $1.667B
YoY Change 2.93% -35.73%
TOTAL ASSETS
Total Short-Term Assets $1.315B $1.242B
Total Long-Term Assets $1.716B $1.667B
Total Assets $3.031B $2.909B
YoY Change 4.21% 3.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $122.5M $132.6M
YoY Change -7.62% 16.42%
Accrued Expenses $372.4M $336.4M
YoY Change 10.7% -0.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $494.9M $469.0M
YoY Change 5.52% 4.04%
LONG-TERM LIABILITIES
Long-Term Debt $875.0M $641.3M
YoY Change 36.44% -1.6%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $875.0M $641.3M
YoY Change 36.44% -1.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $494.9M $469.0M
Total Long-Term Liabilities $875.0M $641.3M
Total Liabilities $1.669B $1.415B
YoY Change 17.98% 0.88%
SHAREHOLDERS EQUITY
Retained Earnings $1.905B $1.847B
YoY Change 3.14% 7.89%
Common Stock $805.3M $791.5M
YoY Change 1.74% 3.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.348B $1.148B
YoY Change 17.43% 7.42%
Treasury Stock Shares 56.37M shares 50.96M shares
Shareholders Equity $1.362B $1.494B
YoY Change
Total Liabilities & Shareholders Equity $3.031B $2.909B
YoY Change 4.21% 3.31%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $27.27M $46.13M
YoY Change -40.9% -11.18%
Depreciation, Depletion And Amortization $19.14M $18.47M
YoY Change 3.61% 2.66%
Cash From Operating Activities $120.1M $113.5M
YoY Change 5.81% -18.09%
INVESTING ACTIVITIES
Capital Expenditures $23.11M $19.64M
YoY Change 17.68% -28.41%
Acquisitions $5.369M $2.079M
YoY Change 158.25% 890.0%
Other Investing Activities -$5.400M -$2.100M
YoY Change 157.14% 950.0%
Cash From Investing Activities -$28.47M -$21.71M
YoY Change 31.15% -21.34%
FINANCING ACTIVITIES
Cash Dividend Paid $12.15M $12.19M
YoY Change -0.33% 28.74%
Common Stock Issuance & Retirement, Net $0.00 $17.42M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$52.77M -$70.98M
YoY Change -25.66% -23.12%
NET CHANGE
Cash From Operating Activities $120.1M $113.5M
Cash From Investing Activities -$28.47M -$21.71M
Cash From Financing Activities -$52.77M -$70.98M
Net Change In Cash $38.82M $20.77M
YoY Change 86.88% 11.69%
FREE CASH FLOW
Cash From Operating Activities $120.1M $113.5M
Capital Expenditures $23.11M $19.64M
Free Cash Flow $96.95M $93.83M
YoY Change 3.33% -15.55%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") or other standards setting bodies that we adopt as of the specified effective date. Unless otherwise discussed, we believe the impact of any other recently issued standards that are not yet effective are either not applicable to us at this time or will not have a material impact on our consolidated financial statements upon adoption.</font></div></div>
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CY2014Q1 us-gaap Revenues
Revenues
833746000 USD
CY2013Q1 us-gaap Revenues
Revenues
819281000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
366275000 USD
CY2014Q1 us-gaap Secured Debt
SecuredDebt
325000000 USD
CY2013Q4 us-gaap Senior Notes
SeniorNotes
550000000 USD
CY2014Q1 us-gaap Senior Notes
SeniorNotes
550000000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1472000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2129000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
143000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
23.03
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.028
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2529
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.4141
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
Black-Scholes
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0237
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0051
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
624000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.64
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
28.27
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y120D
CY2014Q1 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
1250000000 USD
CY2014Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2014Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
1362178000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1343551000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
56369752 shares
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
56369752 shares
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1347677000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1347677000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
300000 USD
CY2014Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;">In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent losses and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. In applying accounting principles, we must often make individual estimates and assumptions regarding expected outcomes or uncertainties. Our estimates, judgments and assumptions are continually evaluated based on available information and experience. Because of the use of estimates inherent in the financial reporting process, actual results could differ from those estimates.</font></div></div>
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58335000 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53020000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57947000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52795000 shares
CY2014Q1 na Actual Consolidated Senior Secured Leverage Ratio
ActualConsolidatedSeniorSecuredLeverageRatio
0.85
CY2014Q1 na Actual Maximum Consolidated Total Leverage Ratio
ActualMaximumConsolidatedTotalLeverageRatio
2.59
CY2014Q1 na Actual Minimum Consolidated Fixed Charge Coverage Ratio
ActualMinimumConsolidatedFixedChargeCoverageRatio
1.96
CY2014 na Adjusted Consolidated Ebitda
AdjustedConsolidatedEbitda
558800000 USD
CY2013Q1 na Amortization And Write Down Of Intangibles
AmortizationAndWriteDownOfIntangibles
890000 USD
CY2014Q1 na Amortization And Write Down Of Intangibles
AmortizationAndWriteDownOfIntangibles
747000 USD
CY2014Q1 na Borrowingin Revolving Debt
BorrowinginRevolvingDebt
100000000 USD
CY2014Q1 na Borrowingin Term Loans
BorrowinginTermLoans
225000000 USD
CY2014Q1 na Commitment Fee Percentage Maximum
CommitmentFeePercentageMaximum
0.0050
CY2014Q1 na Commitment Fee Percentage Minimum
CommitmentFeePercentageMinimum
0.003
CY2014 na Consolidated Ebitda
ConsolidatedEbitda
315700000 USD
CY2014 na Consolidated Fixed Charges
ConsolidatedFixedCharges
285400000 USD
CY2014Q1 na Consolidated Funded Debt Definition
ConsolidatedFundedDebtDefinition
25000000 USD
CY2014Q1 na Consolidated Funded Debt Outstanding
ConsolidatedFundedDebtOutstanding
819000000 USD
CY2014Q1 na Consolidated Senior Secured Debt Outstanding
ConsolidatedSeniorSecuredDebtOutstanding
269000000 USD
CY2013Q1 na Cost Of Installment Sales
CostOfInstallmentSales
5969000 USD
CY2014Q1 na Cost Of Installment Sales
CostOfInstallmentSales
6382000 USD
CY2013Q1 na Cost Of Merchandise Sold
CostOfMerchandiseSold
86299000 USD
CY2014Q1 na Cost Of Merchandise Sold
CostOfMerchandiseSold
79617000 USD
CY2013Q1 na Cost Of Rentals And Fees
CostOfRentalsAndFees
167919000 USD
CY2013Q1 na Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
1384000 USD
CY2013Q1 na Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
187583000 USD
CY2014Q1 na Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
135407000 USD
CY2013Q1 na Installment Sales
InstallmentSales
17127000 USD
CY2014Q1 na Franchise Cost Of Merchandise Sold
FranchiseCostOfMerchandiseSold
7000000 USD
CY2013Q1 na Franchise Cost Of Merchandise Sold
FranchiseCostOfMerchandiseSold
8416000 USD
CY2014Q1 na Cost Of Rentals And Fees
CostOfRentalsAndFees
177870000 USD
CY2014Q1 na Costofstorerevenues
Costofstorerevenues
263869000 USD
CY2013Q1 na Costofstorerevenues
Costofstorerevenues
260187000 USD
CY2013Q1 na Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
160983000 USD
CY2014Q1 na Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
169843000 USD
CY2014Q1 na Event Of Default Allowed Period For Judgment
EventOfDefaultAllowedPeriodForJudgment
30
CY2014Q1 na Event Of Default Failure Of Other Debt Payment In Excess
EventOfDefaultFailureOfOtherDebtPaymentInExcess
50000000 USD
CY2014Q1 na Event Of Default Judgment
EventOfDefaultJudgment
50000000 USD
CY2014Q1 na Event Of Default Not Discharged Judgment In Excess
EventOfDefaultNotDischargedJudgmentInExcess
50000000 USD
CY2014Q1 na Finance Charges From Refinancing
FinanceChargesFromRefinancing
1946000 USD
CY2014Q1 na Franchise Merchandise Sales
FranchiseMerchandiseSales
7324000 USD
CY2013Q1 na Franchise Merchandise Sales
FranchiseMerchandiseSales
8833000 USD
CY2014Q1 na Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
1579000 USD
CY2014Q1 na Installment Sales
InstallmentSales
18356000 USD
CY2014Q1 na Letters Of Credit Remaining Capacity
LettersOfCreditRemainingCapacity
470300000 USD
CY2014Q1 na Maximum Period Used For Depreciation Of Merchandise Held For Rent
MaximumPeriodUsedForDepreciationOfMerchandiseHeldForRent
P18M
CY2014Q1 na Maximumperiodofpastduerequiredtochargeoffremainingbookvalueofrentalmerchandise
Maximumperiodofpastduerequiredtochargeoffremainingbookvalueofrentalmerchandise
P90D
CY2014Q1 na Maximumperiodofpastduerequiredtochargeoffremainingbookvalueofrentalmerchandisefor Acceptance Nowsegment
MaximumperiodofpastduerequiredtochargeoffremainingbookvalueofrentalmerchandiseforAcceptanceNowsegment
P150D
CY2013Q1 na Merchandise Sales
MerchandiseSales
113573000 USD
CY2014Q1 na Merchandise Sales
MerchandiseSales
108061000 USD
CY2014Q1 na Minimum Period In Held For Rent Status Needed For Depreciation Of Merchandise
MinimumPeriodInHeldForRentStatusNeededForDepreciationOfMerchandise
P180D
CY2014Q1 na Net Cash Paymentin Debt Refinancing
NetCashPaymentinDebtRefinancing
2500000 USD
CY2014Q1 na Number Of Issues In Disagreement With Case Law Applied By Internal Revenue Service
NumberOfIssuesInDisagreementWithCaseLawAppliedByInternalRevenueService
1
CY2014Q1 na Number Of Retail Installment Sales Stores
NumberOfRetailInstallmentSalesStores
45
CY2014Q1 na Our Ownership Percentage Of Subsidiary Guarantor
OurOwnershipPercentageOfSubsidiaryGuarantor
1.0
CY2014Q1 na Our Voting Stock Third Party Ownership Percentage
OurVotingStockThirdPartyOwnershipPercentage
0.35
CY2013Q1 na Overstatementofnetearnings
Overstatementofnetearnings
300000 USD
CY2013Q4 na Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
210450000 USD
CY2014Q1 na Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
203272000 USD
CY2014Q1 na Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
892341000 USD
CY2013Q4 na Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
914618000 USD
CY2014Q1 na Required Maximum Consolidated Total Leverage Ratio
RequiredMaximumConsolidatedTotalLeverageRatio
4.50
CY2014Q1 na Required Minimum Consolidated Fixed Charge Coverage Ratio
RequiredMinimumConsolidatedFixedChargeCoverageRatio
1.5
CY2014Q1 na Royalty Fee Percentage Maximum
RoyaltyFeePercentageMaximum
0.06
CY2014Q1 na Royalty Fee Percentage Minimum
RoyaltyFeePercentageMinimum
0.02
CY2013Q1 na Salaries And Other Expenses
SalariesAndOtherExpenses
432191000 USD
CY2014Q1 na Salaries And Other Expenses
SalariesAndOtherExpenses
457630000 USD
CY2014Q1 na Segment Assets
SegmentAssets
3031063000 USD
CY2013Q4 na Segment Assets
SegmentAssets
3018553000 USD
CY2013Q1 na Segment Gross Profit
SegmentGrossProfit
550678000 USD
CY2014Q1 na Segment Gross Profit
SegmentGrossProfit
562877000 USD
CY2013Q1 na Segment Operating Profit
SegmentOperatingProfit
78784000 USD
CY2013Q1 na Rentals And Fees
RentalsAndFees
673604000 USD
CY2014Q1 na Rentals And Fees
RentalsAndFees
694168000 USD
CY2014Q1 na Repaymentof Revolving Debt
RepaymentofRevolvingDebt
140000000 USD
CY2014Q1 na Repaymentof Term Loans
RepaymentofTermLoans
187500000 USD
CY2014Q1 na Required Consolidated Senior Secured Leverage Ratio Maximum
RequiredConsolidatedSeniorSecuredLeverageRatioMaximum
2.75
CY2014Q1 na Segment Operating Profit
SegmentOperatingProfit
59763000 USD
CY2014Q1 na Senior Credit Facilities Additional Amount Allowed
SeniorCreditFacilitiesAdditionalAmountAllowed
250000000 USD
CY2014Q1 na Senior Credit Facility Maximum Amount
SeniorCreditFacilityMaximumAmount
900000000 USD
CY2014Q1 na Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Based Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceBasedGrantsInPeriod
216000 shares
CY2014Q1 na Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term Max
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermMax
P8Y120D
CY2014Q1 na Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Dividend Rate Maximum
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsExpectedDividendRateMaximum
0.037
CY2013 na Stock Repurchased And Retired Since Inception Of Program Shares
StockRepurchasedAndRetiredSinceInceptionOfProgramShares
36994653 shares
CY2014Q1 na Stock Repurchased And Retired Since Inception Of Program Shares
StockRepurchasedAndRetiredSinceInceptionOfProgramShares
36994653 shares
CY2013 na Stock Repurchased And Retired Since Inception Of Program Value
StockRepurchasedAndRetiredSinceInceptionOfProgramValue
994800000 USD
CY2014Q1 na Stock Repurchased And Retired Since Inception Of Program Value
StockRepurchasedAndRetiredSinceInceptionOfProgramValue
994800000 USD
CY2013Q1 na Storerevenues
Storerevenues
809064000 USD
CY2014Q1 na Storerevenues
Storerevenues
824843000 USD
CY2014Q1 na Term Loan Amount Outstanding
TermLoanAmountOutstanding
225000000 USD
CY2013Q4 na Term Loan Amount Outstanding
TermLoanAmountOutstanding
187500000 USD
CY2014Q1 na Term Loan Maximum Borrowing Capacity
TermLoanMaximumBorrowingCapacity
225000000 USD
CY2013Q1 na Understatementofsalariesandotherexpenses
Understatementofsalariesandotherexpenses
500000 USD
CY2013Q4 na Unsecuredlineofcreditamountoutstanding
Unsecuredlineofcreditamountoutstanding
18300000 USD
CY2014Q1 na Unsecuredlineofcreditamountoutstanding
Unsecuredlineofcreditamountoutstanding
0 USD
CY2014Q1 na Unsecuredlineofcreditmaximumfacility
Unsecuredlineofcreditmaximumfacility
20000000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000933036
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
52795549 shares
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
RENT A CENTER INC DE
CY2014Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014Q1 dei Trading Symbol
TradingSymbol
RCII

Files In Submission

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0000933036-14-000016.txt Edgar Link pending
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a2014q1ex-311.htm Edgar Link pending
a2014q1ex-312.htm Edgar Link pending
a2014q1ex-321.htm Edgar Link pending
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