2019 Q2 Form 10-Q Financial Statement
#000093303619000039 Filed on August 09, 2019
Income Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q2 |
---|---|---|---|
Revenue | $655.9M | $696.7M | $655.7M |
YoY Change | 0.03% | -0.19% | -3.23% |
Cost Of Revenue | $247.9M | $271.8M | $231.8M |
YoY Change | 6.91% | 4.12% | -5.41% |
Gross Profit | $408.1M | $424.9M | $423.9M |
YoY Change | -3.73% | -2.77% | -2.0% |
Gross Profit Margin | 62.21% | 60.98% | 64.64% |
Selling, General & Admin | $340.7M | $358.4M | $362.8M |
YoY Change | -6.09% | -12.99% | -10.11% |
% of Gross Profit | 83.49% | 84.36% | 85.59% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $15.10M | $15.69M | $17.40M |
YoY Change | -13.22% | -11.55% | -6.95% |
% of Gross Profit | 3.7% | 3.69% | 4.1% |
Operating Expenses | $278.2M | $407.5M | $396.7M |
YoY Change | -29.87% | -8.88% | -8.46% |
Operating Profit | $129.8M | $17.35M | $27.15M |
YoY Change | 378.17% | -268.93% | -3210.08% |
Interest Expense | $10.09M | $9.389M | $10.81M |
YoY Change | -6.61% | -17.35% | -4.06% |
% of Operating Profit | 7.77% | 54.12% | 39.8% |
Other Income/Expense, Net | $0.00 | ||
YoY Change | -100.0% | ||
Pretax Income | $121.7M | $8.834M | $16.55M |
YoY Change | 635.69% | -141.24% | -218.93% |
Income Tax | $27.28M | $1.511M | $2.794M |
% Of Pretax Income | 22.41% | 17.1% | 16.89% |
Net Earnings | $94.46M | $49.29M | $13.75M |
YoY Change | 586.8% | -348.41% | -254.65% |
Net Earnings / Revenue | 14.4% | 7.08% | 2.1% |
Basic Earnings Per Share | $1.74 | $0.14 | $0.26 |
Diluted Earnings Per Share | $1.70 | $0.13 | $0.25 |
COMMON SHARES | |||
Basic Shares Outstanding | 54.15M shares | 53.93M shares | 53.45M shares |
Diluted Shares Outstanding | 55.71M shares | 55.50M shares | 54.30M shares |
Balance Sheet
Concept | 2019 Q2 | 2019 Q1 | 2018 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $353.1M | $237.7M | $116.8M |
YoY Change | 202.31% | 192.01% | 58.27% |
Cash & Equivalents | $353.1M | $237.7M | $116.8M |
Short-Term Investments | |||
Other Short-Term Assets | $36.30M | $39.90M | $53.60M |
YoY Change | -32.28% | -40.89% | -4.96% |
Inventory | $739.1M | $767.9M | $782.3M |
Prepaid Expenses | |||
Receivables | $65.70M | $63.80M | $69.70M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.194B | $1.109B | $1.022B |
YoY Change | 16.8% | 8.1% | -7.13% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $197.8M | $211.9M | $253.9M |
YoY Change | -22.13% | -21.5% | -18.52% |
Goodwill | $56.82M | $56.82M | $56.78M |
YoY Change | 0.06% | 0.05% | 2.45% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $25.60M | $25.60M | $28.60M |
YoY Change | -10.49% | -11.72% | |
Total Long-Term Assets | $550.0M | $572.1M | $343.9M |
YoY Change | 59.94% | 58.82% | -7.48% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.194B | $1.109B | $1.022B |
Total Long-Term Assets | $550.0M | $572.1M | $343.9M |
Total Assets | $1.744B | $1.681B | $1.366B |
YoY Change | 27.66% | 21.28% | -7.22% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $95.70M | $118.9M | $92.40M |
YoY Change | 3.57% | 30.8% | -18.23% |
Accrued Expenses | $586.1M | $611.1M | $311.5M |
YoY Change | 88.15% | 85.35% | -3.35% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $681.8M | $730.0M | $403.9M |
YoY Change | 68.8% | 73.56% | -7.21% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $540.7M | $540.4M | $577.4M |
YoY Change | -6.36% | -9.4% | -9.17% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $540.7M | $540.4M | $577.4M |
YoY Change | -6.36% | -9.4% | -9.17% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $681.8M | $730.0M | $403.9M |
Total Long-Term Liabilities | $540.7M | $540.4M | $577.4M |
Total Liabilities | $1.352B | $1.387B | $1.098B |
YoY Change | 23.17% | 20.66% | -10.28% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $905.7M | $811.3M | $791.3M |
YoY Change | 14.45% | 1.74% | 1.91% |
Common Stock | $844.8M | $841.4M | $836.1M |
YoY Change | 1.04% | 0.84% | 0.81% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.348B | $1.348B | $1.348B |
YoY Change | 0.0% | 0.0% | 0.0% |
Treasury Stock Shares | 56.37M shares | 56.37M shares | 56.37M shares |
Shareholders Equity | $391.9M | $294.3M | $268.3M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.744B | $1.681B | $1.366B |
YoY Change | 27.66% | 21.28% | -7.22% |
Cashflow Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $94.46M | $49.29M | $13.75M |
YoY Change | 586.8% | -348.41% | -254.65% |
Depreciation, Depletion And Amortization | $15.10M | $15.69M | $17.40M |
YoY Change | -13.22% | -11.55% | -6.95% |
Cash From Operating Activities | $109.6M | $75.78M | $58.40M |
YoY Change | 87.67% | -10.3% | 11.03% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$2.600M | $2.508M | -$7.100M |
YoY Change | -63.38% | -71.0% | -60.99% |
Acquisitions | $0.00 | ||
YoY Change | -100.0% | ||
Other Investing Activities | $6.100M | $8.500M | $5.000M |
YoY Change | 22.0% | -5.56% | 2400.0% |
Cash From Investing Activities | $3.500M | $5.967M | -$2.100M |
YoY Change | -266.67% | 1495.45% | -88.27% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $0.00 | ||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 2.000M | $405.0K | -20.10M |
YoY Change | -109.95% | -100.52% | 2.03% |
NET CHANGE | |||
Cash From Operating Activities | 109.6M | $75.78M | 58.40M |
Cash From Investing Activities | 3.500M | $5.967M | -2.100M |
Cash From Financing Activities | 2.000M | $405.0K | -20.10M |
Net Change In Cash | 115.1M | $82.35M | 36.20M |
YoY Change | 217.96% | 1009.43% | 141.33% |
FREE CASH FLOW | |||
Cash From Operating Activities | $109.6M | $75.78M | $58.40M |
Capital Expenditures | -$2.600M | $2.508M | -$7.100M |
Free Cash Flow | $112.2M | $73.27M | $65.50M |
YoY Change | 71.3% | -3.38% | -7.49% |
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us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-4874000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
28790000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1216000 | USD | |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
94455000 | USD |
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
27279000 | USD |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2794000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
13753000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
101778000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6090000 | USD | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.74 | |
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.26 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.88 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | ||
CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.70 | |
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.25 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.83 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 | ||
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
13753000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6090000 | USD | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-2125000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
304000 | USD | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-477000 | USD | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-217000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-2125000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
304000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-477000 | USD | |
CY2019Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
94238000 | USD |
CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
11628000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
102082000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-6567000 | USD | |
CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
353139000 | USD |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
155391000 | USD |
CY2019Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
65666000 | USD |
CY2018Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
69645000 | USD |
CY2019Q2 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
36251000 | USD |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
51352000 | USD |
CY2019Q2 | rcii |
Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
|
625865000 | USD |
CY2018Q4 | rcii |
Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
|
683808000 | USD |
CY2019Q2 | rcii |
Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
|
113253000 | USD |
CY2018Q4 | rcii |
Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
|
123662000 | USD |
CY2019Q2 | us-gaap |
Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
|
3874000 | USD |
CY2018Q4 | us-gaap |
Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
|
3834000 | USD |
CY2019Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
197750000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
226323000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
265767000 | USD |
CY2018Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
0 | USD |
CY2019Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
25568000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
25558000 | USD |
CY2019Q2 | us-gaap |
Goodwill
Goodwill
|
56815000 | USD |
CY2018Q4 | us-gaap |
Goodwill
Goodwill
|
56845000 | USD |
CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
265000 | USD |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
499000 | USD |
CY2019Q2 | us-gaap |
Assets
Assets
|
1744213000 | USD |
CY2018Q4 | us-gaap |
Assets
Assets
|
1396917000 | USD |
CY2019Q2 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
95656000 | USD |
CY2018Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
113838000 | USD |
CY2019Q2 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
314415000 | USD |
CY2018Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
337459000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
271635000 | USD |
CY2018Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
0 | USD |
CY2019Q2 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
129941000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
119061000 | USD |
CY2019Q2 | rcii |
Senior Notes Net
SeniorNotesNet
|
540676000 | USD |
CY2018Q4 | rcii |
Senior Notes Net
SeniorNotesNet
|
540042000 | USD |
CY2019Q2 | us-gaap |
Liabilities
Liabilities
|
1352323000 | USD |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
1110400000 | USD |
CY2019Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
1105000 | USD |
CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1099000 | USD |
CY2019Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
843697000 | USD |
CY2018Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
838436000 | USD |
CY2019Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
905726000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
805924000 | USD |
CY2019Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1347677000 | USD |
CY2018Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1347677000 | USD |
CY2019Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-10961000 | USD |
CY2018Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-11265000 | USD |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
391890000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
286517000 | USD |
CY2019Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1744213000 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1396917000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
286517000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7323000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
521000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
2892000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | USD |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
-1734000 | USD |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
-709000 | USD |
CY2019Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-1976000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
294252000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
94455000 | USD |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-217000 | USD |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1418000 | USD |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | USD |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
-1982000 | USD |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
391890000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
272443000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19843000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1648000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
374000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-1000 | USD |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
-195000 | USD |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
-1862000 | USD |
CY2018Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-1311000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
254977000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
13753000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-2125000 | USD |
CY2018Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
597000 | USD |
CY2018Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | USD |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
-1133000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
268335000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
101778000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6090000 | USD | |
rcii |
Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
|
309211000 | USD | |
rcii |
Depreciation Of Rental Merchandise
DepreciationOfRentalMerchandise
|
308776000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
5978000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
5846000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2691000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2995000 | USD | |
us-gaap |
Depreciation
Depreciation
|
30809000 | USD | |
us-gaap |
Depreciation
Depreciation
|
35017000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-1472000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-2423000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
85000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
310000 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1958000 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2701000 | USD | |
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
10814000 | USD | |
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
1492000 | USD | |
rcii |
Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
|
253259000 | USD | |
rcii |
Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
|
229068000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2995000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5700000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-15384000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-10982000 | USD | |
rcii |
Increase Decreaseof Operating Leases Net
IncreaseDecreaseofOperatingLeasesNet
|
-5868000 | USD | |
rcii |
Increase Decreaseof Operating Leases Net
IncreaseDecreaseofOperatingLeasesNet
|
0 | USD | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-18182000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
2044000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-26194000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
11178000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
185418000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
142906000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5088000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
15695000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
13792000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
14792000 | USD | |
us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
995000 | USD | |
us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
0 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
155000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
761000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
9544000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1664000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
4310000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
970000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1733000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
271000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
157000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
5400000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
26850000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
5400000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
125010000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2420000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-97461000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
366000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
84000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
197748000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
43865000 | USD | |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
155391000 | USD |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
72968000 | USD |
CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
353139000 | USD |
CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
116833000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
265800000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
271600000 | USD |
CY2019Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-2000000.0 | USD |
CY2019Q2 | rcii |
Rentals And Fees
RentalsAndFees
|
551680000 | USD |
CY2019Q2 | rcii |
Merchandise Sales
MerchandiseSales
|
70842000 | USD |
CY2019Q2 | rcii |
Installment Sales
InstallmentSales
|
17270000 | USD |
CY2019Q2 | rcii |
Other Store Revenue
OtherStoreRevenue
|
1244000 | USD |
CY2019Q2 | rcii |
Storerevenues
Storerevenues
|
641036000 | USD |
CY2019Q2 | rcii |
Franchise Merchandise Sales
FranchiseMerchandiseSales
|
10673000 | USD |
CY2019Q2 | rcii |
Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
|
4216000 | USD |
CY2019Q2 | us-gaap |
Revenues
Revenues
|
655925000 | USD |
rcii |
Rentals And Fees
RentalsAndFees
|
1115034000 | USD | |
rcii |
Merchandise Sales
MerchandiseSales
|
175312000 | USD | |
rcii |
Installment Sales
InstallmentSales
|
32706000 | USD | |
rcii |
Other Store Revenue
OtherStoreRevenue
|
1908000 | USD | |
rcii |
Storerevenues
Storerevenues
|
1324960000 | USD | |
rcii |
Franchise Merchandise Sales
FranchiseMerchandiseSales
|
19129000 | USD | |
rcii |
Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
|
8530000 | USD | |
us-gaap |
Revenues
Revenues
|
1352619000 | USD | |
CY2018Q2 | rcii |
Rentals And Fees
RentalsAndFees
|
562403000 | USD |
CY2018Q2 | rcii |
Merchandise Sales
MerchandiseSales
|
64990000 | USD |
CY2018Q2 | rcii |
Installment Sales
InstallmentSales
|
17374000 | USD |
CY2018Q2 | rcii |
Other Store Revenue
OtherStoreRevenue
|
2271000 | USD |
CY2018Q2 | rcii |
Storerevenues
Storerevenues
|
647038000 | USD |
CY2018Q2 | rcii |
Franchise Merchandise Sales
FranchiseMerchandiseSales
|
4880000 | USD |
CY2018Q2 | rcii |
Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
|
3812000 | USD |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
655730000 | USD |
rcii |
Rentals And Fees
RentalsAndFees
|
1127117000 | USD | |
rcii |
Merchandise Sales
MerchandiseSales
|
172346000 | USD | |
rcii |
Installment Sales
InstallmentSales
|
33778000 | USD | |
rcii |
Other Store Revenue
OtherStoreRevenue
|
4855000 | USD | |
rcii |
Storerevenues
Storerevenues
|
1338096000 | USD | |
rcii |
Franchise Merchandise Sales
FranchiseMerchandiseSales
|
8514000 | USD | |
rcii |
Franchise Royalty Income And Fees
FranchiseRoyaltyIncomeAndFees
|
7163000 | USD | |
us-gaap |
Revenues
Revenues
|
1353773000 | USD | |
CY2019Q2 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
70015000 | USD |
CY2018Q4 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
74528000 | USD |
CY2019Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
4349000 | USD |
CY2018Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
4883000 | USD |
CY2019Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
65666000 | USD |
CY2018Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
69645000 | USD |
CY2018Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
4883000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
5978000 | USD | |
us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
6773000 | USD | |
us-gaap |
Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
|
261000 | USD | |
CY2019Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
4349000 | USD |
CY2019Q2 | us-gaap |
Sublease Income
SubleaseIncome
|
1818000 | USD |
us-gaap |
Sublease Income
SubleaseIncome
|
3494000 | USD | |
CY2019Q2 | us-gaap |
Lease Cost
LeaseCost
|
41525000 | USD |
us-gaap |
Lease Cost
LeaseCost
|
78543000 | USD | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
61333000 | USD | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
14451000 | USD | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
10540000 | USD | |
CY2019Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.080 | |
rcii |
Weightedaverageremainingleaseterm
Weightedaverageremainingleaseterm
|
P3Y | ||
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
61288000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
104264000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
72264000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
43637000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
19536000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
5893000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
306882000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
35247000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
271635000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
145345000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
116785000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
80362000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
47417000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
16460000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
2280000 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
408649000 | USD |
CY2019Q2 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
1400000 | USD |
CY2018Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
2600000 | USD |
CY2019Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
92000000 | USD |
us-gaap |
Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
|
600000 | USD | |
us-gaap |
Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
|
0.0040 | ||
CY2018Q4 | rcii |
Finance Charges From Refinancing
FinanceChargesFromRefinancing
|
500000 | USD |
CY2018Q4 | us-gaap |
Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
|
2100000 | USD |
CY2019Q3 | us-gaap |
Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
|
551019061.81 | USD |
CY2019Q3 | us-gaap |
Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
|
1 | |
CY2019Q3 | rcii |
Requiredconsolidatedseniorsecuredleverageratiominimum
Requiredconsolidatedseniorsecuredleverageratiominimum
|
2.00 | |
CY2019Q3 | rcii |
Requiredminimumproformafixedchargecoverageratio
Requiredminimumproformafixedchargecoverageratio
|
1.10 | |
CY2019Q3 | rcii |
Requiredminimumconsolidatedfixedchargecoverageratio
Requiredminimumconsolidatedfixedchargecoverageratio
|
1.10 | |
CY2019Q3 | us-gaap |
Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
|
1 | |
CY2019Q2 | us-gaap |
Senior Notes
SeniorNotes
|
542740000 | USD |
CY2019Q2 | rcii |
Amount Of Difference Between Fair Value And Carrying Value
AmountOfDifferenceBetweenFairValueAndCarryingValue
|
-1250000 | USD |
CY2018Q4 | us-gaap |
Senior Notes
SeniorNotes
|
542740000 | USD |
CY2018Q4 | rcii |
Amount Of Difference Between Fair Value And Carrying Value
AmountOfDifferenceBetweenFairValueAndCarryingValue
|
-18181000 | USD |
CY2019Q2 | us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
92500000 | USD |
CY2019Q2 | rcii |
Proceedsfrom Legal Settlement Netof Legal Fees
ProceedsfromLegalSettlementNetofLegalFees
|
80000000 | USD |
rcii |
Writedownof Capitalized Software
WritedownofCapitalizedSoftware
|
1900000 | USD | |
us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
-44167000 | USD | |
CY2019Q2 | us-gaap |
Revenues
Revenues
|
655925000 | USD |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
655730000 | USD |
us-gaap |
Revenues
Revenues
|
1352619000 | USD | |
us-gaap |
Revenues
Revenues
|
1353773000 | USD | |
CY2019Q2 | us-gaap |
Gross Profit
GrossProfit
|
408071000 | USD |
CY2018Q2 | us-gaap |
Gross Profit
GrossProfit
|
423886000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
832937000 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
860864000 | USD | |
CY2019Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
129829000 | USD |
CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
27151000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
147178000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
16881000 | USD | |
CY2019Q2 | rcii |
Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
|
15121000 | USD |
CY2018Q2 | rcii |
Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
|
17428000 | USD |
rcii |
Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
|
30894000 | USD | |
rcii |
Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
|
35328000 | USD | |
CY2019Q2 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
2580000 | USD |
CY2018Q2 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
7046000 | USD |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
5088000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
15695000 | USD | |
CY2019Q2 | rcii |
Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
|
625865000 | USD |
CY2018Q4 | rcii |
Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
|
683808000 | USD |
CY2019Q2 | rcii |
Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
|
113253000 | USD |
CY2018Q4 | rcii |
Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
|
123662000 | USD |
CY2019Q2 | us-gaap |
Assets
Assets
|
1744213000 | USD |
CY2018Q4 | us-gaap |
Assets
Assets
|
1396917000 | USD |
CY2019Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2000000.0 | USD |
CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1100000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2700000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3000000.0 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
255000 | shares | |
rcii |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Based Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceBasedGrantsInPeriod
|
278000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
193000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.4828 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
0.5517 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0230 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0234 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y6M | ||
rcii |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term Max
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermMax
|
P5Y9M | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
20.87 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
9.33 | ||
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<span style="font-family:inherit;font-size:10pt;font-weight:bold;">Contingencies</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">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.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">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.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Blair v. Rent-A-Center, Inc. </span><span style="font-family:inherit;font-size:10pt;">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 </span><span style="font-family:inherit;font-size:10pt;"><span>$13 million</span></span><span style="font-family:inherit;font-size:10pt;">, including attorneys’ fees. The settlement is in the documentation process and is subject to approval by the court. 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.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Vintage Rodeo Parent, LLC, Vintage Rodeo Acquisition, Inc. and Vintage Capital Management, LLC, and B. Riley Financial, Inc. v. Rent-A-Center, Inc.</span><span style="font-family:inherit;font-size:10pt;"> As announced on April 22, 2019, we agreed to settle all litigation with Vintage Capital and B. Riley relating to our termination of the Merger Agreement. In the settlement, we received a payment of </span><span style="font-family:inherit;font-size:10pt;"><span>$92.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> in cash in May 2019. The Vintage Settlement was recorded as a pre-tax gain upon receipt.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:12pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Velma Russell v. Acceptance Now.</span><span style="font-family:inherit;font-size:12pt;"> </span><span style="font-family:inherit;font-size:10pt;">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 </span><span style="font-family:inherit;font-size:10pt;"><span>$25</span></span><span style="font-family:inherit;font-size:10pt;"> per reference which may be tripled to </span><span style="font-family:inherit;font-size:10pt;"><span>$75</span></span><span style="font-family:inherit;font-size:10pt;"> per reference. References are not parties to our consumer arbitration agreement. We operate </span><span style="font-family:inherit;font-size:10pt;"><span>12</span></span><span style="font-family:inherit;font-size:10pt;"> Acceptance Now locations in Massachusetts. We intend to vigorously defend these claims; however, we cannot assure you that we will be found to have no liability in this matter.</span></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Federal Trade Commission civil investigative demand. </span><span style="font-family:inherit;font-size:10pt;">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 is in the process of responding to this inquiry from the FTC.</span></div> | ||
us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
13000000 | USD | |
us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
92500000 | USD | |
CY2019Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1553000 | shares |
CY2018Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
845000 | shares |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
13753000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6090000 | USD | |
CY2019Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
54153000 | shares |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
53450000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
54042000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
53428000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1559000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
CY2019Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
55706000 | shares |
CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
54295000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
55601000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
53428000 | shares | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.74 | |
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.26 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.88 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | ||
CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.70 | |
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.25 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.83 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 |