2016 Q1 Form 10-Q Financial Statement

#000093303616000050 Filed on April 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $835.7M $877.6M
YoY Change -4.78% 5.93%
Cost Of Revenue $300.7M $313.0M
YoY Change -3.94% 17.72%
Gross Profit $534.9M $564.6M
YoY Change -5.25% 0.36%
Gross Profit Margin 64.02% 64.33%
Selling, General & Admin $464.3M $487.8M
YoY Change -4.82% 0.95%
% of Gross Profit 86.79% 86.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.11M $18.85M
YoY Change 1.38% -1.52%
% of Gross Profit 3.57% 3.34%
Operating Expenses $486.5M $508.0M
YoY Change -4.23% 0.97%
Operating Profit $48.43M $56.60M
YoY Change -14.43% -4.81%
Interest Expense $11.98M $12.58M
YoY Change -4.78% 10.32%
% of Operating Profit 24.73% 22.22%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $36.55M $44.21M
YoY Change -17.33% 0.29%
Income Tax $11.49M $16.91M
% Of Pretax Income 31.43% 38.25%
Net Earnings $25.06M $27.30M
YoY Change -8.19% 0.12%
Net Earnings / Revenue 3.0% 3.11%
Basic Earnings Per Share $0.47 $0.51
Diluted Earnings Per Share $0.47 $0.51
COMMON SHARES
Basic Shares Outstanding 53.09M shares 53.03M shares
Diluted Shares Outstanding 53.34M shares 53.38M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.40M $93.10M
YoY Change -50.16% 14.94%
Cash & Equivalents $46.36M $93.12M
Short-Term Investments
Other Short-Term Assets $62.10M $78.00M
YoY Change -20.38% -3.35%
Inventory $1.074B $1.218B
Prepaid Expenses
Receivables $67.90M $61.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.251B $1.451B
YoY Change -13.8% 10.31%
LONG-TERM ASSETS
Property, Plant & Equipment $325.6M $327.5M
YoY Change -0.58% -3.63%
Goodwill $207.1M $1.376B
YoY Change -84.95% 0.89%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $544.8M $1.718B
YoY Change -68.28% 0.11%
TOTAL ASSETS
Total Short-Term Assets $1.251B $1.451B
Total Long-Term Assets $544.8M $1.718B
Total Assets $1.795B $3.169B
YoY Change -43.34% 4.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.30M $145.9M
YoY Change -36.05% 19.1%
Accrued Expenses $352.4M $409.6M
YoY Change -13.96% 9.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $445.7M $555.5M
YoY Change -19.77% 12.24%
LONG-TERM LIABILITIES
Long-Term Debt $744.5M $898.8M
YoY Change -17.17% 2.72%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $744.5M $898.8M
YoY Change -17.17% 2.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $445.7M $555.5M
Total Long-Term Liabilities $744.5M $898.8M
Total Liabilities $1.300B $1.763B
YoY Change -26.29% 5.65%
SHAREHOLDERS EQUITY
Retained Earnings $1.031B $1.942B
YoY Change -46.93% 1.96%
Common Stock $821.4M $816.5M
YoY Change 0.6% 1.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.348B $1.348B
YoY Change 0.0% 0.0%
Treasury Stock Shares 56.37M shares 56.37M shares
Shareholders Equity $495.7M $1.405B
YoY Change
Total Liabilities & Shareholders Equity $1.795B $3.169B
YoY Change -43.34% 4.54%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $25.06M $27.30M
YoY Change -8.19% 0.12%
Depreciation, Depletion And Amortization $19.11M $18.85M
YoY Change 1.38% -1.52%
Cash From Operating Activities $226.7M $228.0M
YoY Change -0.6% 89.94%
INVESTING ACTIVITIES
Capital Expenditures $14.44M $14.25M
YoY Change 1.37% -38.35%
Acquisitions $2.641M $10.66M
YoY Change -75.22% 98.53%
Other Investing Activities -$1.500M -$10.00M
YoY Change -85.0% 85.19%
Cash From Investing Activities -$15.98M -$24.26M
YoY Change -34.13% -14.8%
FINANCING ACTIVITIES
Cash Dividend Paid $12.77M $12.74M
YoY Change 0.24% 4.9%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$225.1M -$156.3M
YoY Change 44.03% 196.1%
NET CHANGE
Cash From Operating Activities $226.7M $228.0M
Cash From Investing Activities -$15.98M -$24.26M
Cash From Financing Activities -$225.1M -$156.3M
Net Change In Cash -$14.37M $47.53M
YoY Change -130.23% 22.44%
FREE CASH FLOW
Cash From Operating Activities $226.7M $228.0M
Capital Expenditures $14.44M $14.25M
Free Cash Flow $212.2M $213.8M
YoY Change -0.73% 120.51%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q1 dei Amendment Flag
AmendmentFlag
false
CY2016Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2016Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016Q1 dei Document Period End Date
DocumentPeriodEndDate
2016-03-31
CY2016Q1 dei Document Type
DocumentType
10-Q
CY2016Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000933036
CY2016Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
53091850 shares
CY2016Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2016Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016Q1 dei Entity Registrant Name
EntityRegistrantName
RENT A CENTER INC DE
CY2016Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2016Q1 dei Trading Symbol
TradingSymbol
RCII
CY2016Q1 rcii Actual Consolidated Senior Secured Leverage Ratio
ActualConsolidatedSeniorSecuredLeverageRatio
0.66
CY2016Q1 rcii Actual Maximum Consolidated Total Leverage Ratio
ActualMaximumConsolidatedTotalLeverageRatio
2.52
CY2016Q1 rcii Actual Minimum Consolidated Fixed Charge Coverage Ratio
ActualMinimumConsolidatedFixedChargeCoverageRatio
1.86
CY2016 rcii Adjusted Consolidated Ebitda
AdjustedConsolidatedEbitda
528000000 USD
CY2015Q4 rcii Amount Of Difference Between Fair Value And Carrying Value
AmountOfDifferenceBetweenFairValueAndCarryingValue
-111518000 USD
CY2016Q1 rcii Amount Of Difference Between Fair Value And Carrying Value
AmountOfDifferenceBetweenFairValueAndCarryingValue
-99306000 USD
CY2016 rcii Consolidated Ebitda
ConsolidatedEbitda
292100000 USD
CY2016 rcii Consolidated Fixed Charges
ConsolidatedFixedCharges
284100000 USD
CY2016Q1 rcii Consolidated Funded Debt Definition
ConsolidatedFundedDebtDefinition
25000000 USD
CY2016Q1 rcii Consolidated Funded Debt Outstanding
ConsolidatedFundedDebtOutstanding
734900000 USD
CY2016Q1 rcii Consolidated Senior Secured Debt Outstanding
ConsolidatedSeniorSecuredDebtOutstanding
192100000 USD
CY2015Q1 rcii Cost Of Installment Sales
CostOfInstallmentSales
6157000 USD
CY2016Q1 rcii Cost Of Installment Sales
CostOfInstallmentSales
6025000 USD
CY2015Q1 rcii Cost Of Merchandise Sold
CostOfMerchandiseSold
117722000 USD
CY2016Q1 rcii Cost Of Merchandise Sold
CostOfMerchandiseSold
113886000 USD
CY2015Q1 rcii Cost Of Rentals And Fees
CostOfRentalsAndFees
185118000 USD
CY2016Q1 rcii Cost Of Rentals And Fees
CostOfRentalsAndFees
176241000 USD
CY2015Q1 rcii Costofstorerevenues
Costofstorerevenues
308997000 USD
CY2016Q1 rcii Costofstorerevenues
Costofstorerevenues
296152000 USD
CY2016Q1 rcii Covenantfor Debt Basket Available Under Senior Notes
CovenantforDebtBasketAvailableUnderSeniorNotes
20000000 USD
CY2016Q1 rcii Covenantsforseniorcreditfacilitiesamountavailableunderrestrictedpaymentbasket
Covenantsforseniorcreditfacilitiesamountavailableunderrestrictedpaymentbasket
20000000 USD
CY2015Q4 rcii Debt Issuance Costs Net
DebtIssuanceCostsNet
12500000 USD
CY2016Q1 rcii Debt Issuance Costs Net
DebtIssuanceCostsNet
11700000 USD
CY2015Q1 rcii Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
19764000 USD
CY2016Q1 rcii Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
19824000 USD
CY2015Q1 rcii Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
179668000 USD
CY2016Q1 rcii Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
174074000 USD
CY2016Q1 rcii Event Of Default Allowed Period For Judgment
EventOfDefaultAllowedPeriodForJudgment
30
CY2016Q1 rcii Event Of Default Failure Of Other Debt Payment In Excess
EventOfDefaultFailureOfOtherDebtPaymentInExcess
50000000 USD
CY2016Q1 rcii Event Of Default Judgment
EventOfDefaultJudgment
50000000 USD
CY2016Q1 rcii Event Of Default Not Discharged Judgment In Excess
EventOfDefaultNotDischargedJudgmentInExcess
50000000 USD
CY2015Q1 rcii Franchise Cost Of Merchandise Sold
FranchiseCostOfMerchandiseSold
4049000 USD
CY2016Q1 rcii Franchise Cost Of Merchandise Sold
FranchiseCostOfMerchandiseSold
4556000 USD
CY2015Q1 rcii Franchise Merchandise Sales
FranchiseMerchandiseSales
4387000 USD
CY2016Q1 rcii Franchise Merchandise Sales
FranchiseMerchandiseSales
4947000 USD
CY2015Q1 rcii Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
1838000 USD
CY2016Q1 rcii Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
2195000 USD
CY2015Q1 rcii Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
156158000 USD
CY2016Q1 rcii Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
112204000 USD
CY2016Q1 rcii Initial Borrowingin Revolving Debt
InitialBorrowinginRevolvingDebt
100000000 USD
CY2016Q1 rcii Initial Borrowingin Term Loans
InitialBorrowinginTermLoans
225000000 USD
CY2015Q1 rcii Installment Sales
InstallmentSales
18253000 USD
CY2016Q1 rcii Installment Sales
InstallmentSales
18420000 USD
CY2016Q1 rcii Letters Of Credit Remaining Capacity
LettersOfCreditRemainingCapacity
560300000 USD
CY2016Q1 rcii Mandatory Excess Cash Flow Pre Payment
MandatoryExcessCashFlowPrePayment
27000000 USD
CY2015Q1 rcii Merchandise Sales
MerchandiseSales
136280000 USD
CY2016Q1 rcii Merchandise Sales
MerchandiseSales
131707000 USD
CY2016Q1 rcii Number Of Issues In Disagreement With Case Law Applied By Internal Revenue Service
NumberOfIssuesInDisagreementWithCaseLawAppliedByInternalRevenueService
0
CY2015Q1 rcii Other Store Expenses
OtherStoreExpenses
224175000 USD
CY2016Q1 rcii Other Store Expenses
OtherStoreExpenses
211807000 USD
CY2016Q1 rcii Our Ownership Percentage Of Subsidiary Guarantor
OurOwnershipPercentageOfSubsidiaryGuarantor
1.0
CY2016Q1 rcii Our Voting Stock Third Party Ownership Percentage
OurVotingStockThirdPartyOwnershipPercentage
0.35
CY2015Q4 rcii Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
228847000 USD
CY2016Q1 rcii Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
251329000 USD
CY2015Q4 rcii Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
907625000 USD
CY2016Q1 rcii Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
822821000 USD
CY2015Q1 rcii Rentals And Fees
RentalsAndFees
711450000 USD
CY2016Q1 rcii Rentals And Fees
RentalsAndFees
674295000 USD
CY2016Q1 rcii Required Consolidated Senior Secured Leverage Ratio Maximum
RequiredConsolidatedSeniorSecuredLeverageRatioMaximum
2.75
CY2016Q1 rcii Required Maximum Consolidated Total Leverage Ratio
RequiredMaximumConsolidatedTotalLeverageRatio
4.25
CY2016Q1 rcii Required Minimum Consolidated Fixed Charge Coverage Ratio
RequiredMinimumConsolidatedFixedChargeCoverageRatio
1.75
CY2015Q4 rcii Secured Debt Issuance Costs Net
SecuredDebtIssuanceCostsNet
6000000 USD
CY2016Q1 rcii Secured Debt Issuance Costs Net
SecuredDebtIssuanceCostsNet
5500000 USD
CY2015Q4 rcii Secured Debt Net
SecuredDebtNet
419648000 USD
CY2016Q1 rcii Secured Debt Net
SecuredDebtNet
207971000 USD
CY2016Q1 rcii Senior Credit Facilities Additional Amount Allowed
SeniorCreditFacilitiesAdditionalAmountAllowed
250000000 USD
CY2016Q1 rcii Senior Credit Facility Maximum Amount
SeniorCreditFacilityMaximumAmount
900000000 USD
CY2015Q4 rcii Senior Notes Issuance Costs Net
SeniorNotesIssuanceCostsNet
6500000 USD
CY2016Q1 rcii Senior Notes Issuance Costs Net
SeniorNotesIssuanceCostsNet
6200000 USD
CY2015Q4 rcii Senior Notes Net
SeniorNotesNet
536185000 USD
CY2016Q1 rcii Senior Notes Net
SeniorNotesNet
536509000 USD
CY2016Q1 rcii Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Based Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceBasedGrantsInPeriod
622000 shares
CY2016Q1 rcii Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term Max
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermMax
P5Y9M
CY2016Q1 rcii Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Dividend Rate Maximum
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsExpectedDividendRateMaximum
0.064
CY2015Q1 rcii Store Labor Expenses
StoreLaborExpenses
220974000 USD
CY2016Q1 rcii Store Labor Expenses
StoreLaborExpenses
209387000 USD
CY2015Q1 rcii Storerevenues
Storerevenues
871414000 USD
CY2016Q1 rcii Storerevenues
Storerevenues
828510000 USD
CY2015Q4 rcii Term Loan Amount Outstanding
TermLoanAmountOutstanding
221100000 USD
CY2016Q1 rcii Term Loan Amount Outstanding
TermLoanAmountOutstanding
193500000 USD
CY2016Q1 rcii Term Loan Maximum Borrowing Capacity
TermLoanMaximumBorrowingCapacity
225000000 USD
CY2015Q4 rcii Unsecuredlineofcreditamountoutstanding
Unsecuredlineofcreditamountoutstanding
14600000 USD
CY2016Q1 rcii Unsecuredlineofcreditamountoutstanding
Unsecuredlineofcreditamountoutstanding
0 USD
CY2016Q1 rcii Unsecuredlineofcreditmaximumfacility
Unsecuredlineofcreditmaximumfacility
20000000 USD
CY2015Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
96355000 USD
CY2016Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
93327000 USD
CY2015Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
69320000 USD
CY2016Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
67926000 USD
CY2015Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
332553000 USD
CY2016Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
352426000 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
482448000 USD
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
498683000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-11044000 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-8594000 USD
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
818339000 USD
CY2016Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
820346000 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3614000 USD
CY2016Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3388000 USD
CY2015Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
770000 USD
CY2016Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
779000 USD
CY2015Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
886000 USD
CY2016Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
518000 USD
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2042717 shares
CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3791737 shares
CY2015Q4 us-gaap Assets
Assets
1974468000 USD
CY2016Q1 us-gaap Assets
Assets
1795421000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46126000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
93115000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60363000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46362000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
46989000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-14001000 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.24
CY2016Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
109441911 shares
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
109461602 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
1094000 USD
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
1095000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26521000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
27511000 USD
CY2015Q1 us-gaap Cost Of Revenue
CostOfRevenue
313046000 USD
CY2016Q1 us-gaap Cost Of Revenue
CostOfRevenue
300708000 USD
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
119245000 USD
CY2016Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
109445000 USD
CY2015Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-36471000 USD
CY2016Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-9801000 USD
CY2015Q1 us-gaap Depreciation
Depreciation
18849000 USD
CY2016Q1 us-gaap Depreciation
Depreciation
19110000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2015Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-542000 USD
CY2016Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
368000 USD
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
31000 USD
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
31000 USD
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7777000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7129000 USD
CY2015Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-232000 USD
CY2016Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-386000 USD
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
42691000 USD
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43061000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
206122000 USD
CY2016Q1 us-gaap Goodwill
Goodwill
207130000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
564593000 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
534944000 USD
CY2016Q1 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
9000000 USD
CY2016Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
47000000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
44210000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36550000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16912000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11489000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
4057000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-3028000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
159000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2240000 USD
CY2015Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
55973000 USD
CY2016Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
30915000 USD
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-127249000 USD
CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-96958000 USD
CY2015Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
344000 shares
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
257000 shares
CY2015Q1 us-gaap Interest Expense
InterestExpense
12578000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
11977000 USD
CY2015Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
190000 USD
CY2016Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
97000 USD
CY2016Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
94700000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
1503986000 USD
CY2016Q1 us-gaap Liabilities
Liabilities
1299678000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
330939000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
325563000 USD
CY2015Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3712000 USD
CY2016Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3634000 USD
CY2015Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
302312000 USD
CY2016Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
219543000 USD
CY2016Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2400000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1974468000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1795421000 USD
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
190000000 USD
CY2016Q1 us-gaap Line Of Credit
LineOfCredit
20000000 USD
CY2016Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
675000000 USD
CY2016Q1 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.005
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
182813000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1687000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2250000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
22250000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2250000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2250000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-156251000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-224906000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24256000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15977000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
228038000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
226514000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
27298000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
25061000 USD
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
507995000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
486514000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
56598000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
48430000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-777000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2450000 USD
CY2015Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
5431000 USD
CY2016Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
4088000 USD
CY2015Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
12742000 USD
CY2016Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
12773000 USD
CY2015Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10659000 USD
CY2016Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2641000 USD
CY2015Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14245000 USD
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14440000 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14245000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14440000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
158807000 USD
CY2016Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
62147000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
158250000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
7410000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
648000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1104000 USD
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
522000 USD
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2015Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
391000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
495743000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
56369752 shares
CY2016Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
2435000 USD
CY2015Q4 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
4668000 USD
CY2016Q1 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
5014000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1009770000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1030573000 USD
CY2015Q1 us-gaap Revenues
Revenues
877639000 USD
CY2016Q1 us-gaap Revenues
Revenues
835652000 USD
CY2016Q1 us-gaap Secured Debt
SecuredDebt
213500000 USD
CY2015Q4 us-gaap Senior Notes
SeniorNotes
542740000 USD
CY2016Q1 us-gaap Senior Notes
SeniorNotes
542740000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2163000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2352000 USD
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
424000 shares
CY2016Q1 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
9.14
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.031
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.4052
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.3588
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0185
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0114
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
712000 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.65
CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
10.94
CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y6M
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
470482000 USD
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
56369752 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1347677000 USD
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1347677000 USD
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53377000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53342000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53033000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53085000 shares
CY2016Q1 us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
<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;">Borrowings under the Revolving Facility bear interest at varying rates equal to either the </font><font style="font-family:inherit;font-size:10pt;">Eurodollar rate</font><font style="font-family:inherit;font-size:10pt;"> plus </font><font style="font-family:inherit;font-size:10pt;">1.50%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">2.75%</font><font style="font-family:inherit;font-size:10pt;">, or the </font><font style="font-family:inherit;font-size:10pt;">prime</font><font style="font-family:inherit;font-size:10pt;"> rate plus </font><font style="font-family:inherit;font-size:10pt;">0.50%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">1.75%</font><font style="font-family:inherit;font-size:10pt;"> (ABR), at our election.</font></div></div>
CY2016Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<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;">In May 2014, the FASB issued ASU 2014-09,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:inherit;font-size:10pt;">, which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under ASU 2014-09, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. On July 9, 2015, the FASB approved a one-year deferral of the effective date. In March 2016, the FASB issued ASU 2016-08,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)</font><font style="font-family:inherit;font-size:10pt;">, which amends ASU 2014-09 relating to how and when a company recognizes revenue when another party is involved in providing a good or service to a customer. Under Topic 606, a company will recognize revenue on a gross basis when it provides a good or service to a customer (acts as the principal in a transaction), and on a net basis when it arranges for the good or service to be provided to the customer by another party (acts as an agent in a transaction). ASU 2016-08 provides additional guidance for determining whether a company acts as a principal or agent, depending primarily on whether a company controls goods or services before delivery to the customer. The adoption of ASU 2016-08 must be concurrent with the adoption of ASU 2014-09, which will be required for Rent-A-Center beginning January 1, 2018, with early adoption permitted as of the original effective date. These ASUs allow adoption with either retrospective application to each prior period presented, or retrospective application with the cumulative effect recognized as of the date of initial application. We are currently in the process of determining what impact the adoption of these ASUs will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives.</font></div><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;">In February 2016, the FASB issued ASU 2016-02,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Leases (Topic 842)</font><font style="font-family:inherit;font-size:10pt;">, 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 less than 12 months) 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 us 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, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers. </font><font style="font-family:inherit;font-size:10pt;">The adoption of ASU 2016-02 will be required for Rent-A-Center beginning January 1, 2019, with early adoption permitted. The ASU must be adopted using a modified retrospective transition, applying the new criteria to all leases existing or entered into after the beginning of the earliest comparative period in the consolidated financial statements. We are currently in the process of determining the what impact the adoption of this ASU will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives.</font></div><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;">In March 2016, the FASB issued ASU 2016-09,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting</font><font style="font-family:inherit;font-size:10pt;">, which includes multiple provisions intended to simplify various aspects of the accounting for share-based payments. The adoption of ASU 2016-09 will be required for Rent-A-Center beginning January 1, 2017. ASU 2016-09 requires that certain provisions be adopted using a modified retrospective transition and other provisions retrospectively. We are currently in the process of determining what impact the adoption of this ASU will have on our financial position, results of operations and cash flows, and we are evaluating the adoption date and transition alternatives.</font></div><div style="line-height:120%;padding-top:9px;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 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>
CY2016Q1 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Contingencies.</font></div><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, we, along with our subsidiaries, are party to various legal proceedings arising in the ordinary course of business. We reserve for loss contingencies that are both probable and reasonably estimable. We regularly monitor developments related to these legal proceedings, and review the adequacy of our legal reserves on a quarterly basis. We do not expect these losses to have a material impact on our consolidated financial statements if and when such losses are incurred.</font></div><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;">We are subject to unclaimed property audits by states in the ordinary course of business. A comprehensive multi-state unclaimed property audit is currently in progress. The property subject to review in this audit process includes unclaimed wages, vendor payments and customer refunds. State escheat laws generally require entities to report and remit abandoned and unclaimed property to the state. Failure to timely report and remit the property can result in assessments that could include interest and penalties, in addition to the payment of the escheat liability itself. We routinely remit escheat payments to states in compliance with applicable escheat laws. Management believes it is too early to determine the ultimate outcome of this audit, as our remediation efforts are still in process.</font></div></div>

Files In Submission

Name View Source Status
0000933036-16-000050-index-headers.html Edgar Link pending
0000933036-16-000050-index.html Edgar Link pending
0000933036-16-000050.txt Edgar Link pending
0000933036-16-000050-xbrl.zip Edgar Link pending
a2016q1ex-311.htm Edgar Link pending
a2016q1ex-312.htm Edgar Link pending
a2016q1ex-321.htm Edgar Link pending
a2016q1ex-322.htm Edgar Link pending
ex1036rac2016long-termince.htm Edgar Link pending
ex1037optionagreement-2016.htm Edgar Link pending
ex1038rsuagreement-2016ltip.htm Edgar Link pending
ex1039psuagreement-2016ltip.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rac-331201610xq.htm Edgar Link pending
rcii-20160331.xml Edgar Link completed
rcii-20160331.xsd Edgar Link pending
rcii-20160331_cal.xml Edgar Link unprocessable
rcii-20160331_def.xml Edgar Link unprocessable
rcii-20160331_lab.xml Edgar Link unprocessable
rcii-20160331_pre.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending